Saving for Retirement and Investing for Growth. Report of the CEPS-RCMI Task Force on Long-term Investing and Retirement Savings. CEPS Task Force Report, September 2013

Europe is facing a double challenge: a significant need for long-term investments – crucial levers for economic growth – and a growing pension gap, both of which call for resolute action. Crucially, at a time when low interest rates and revised prudential standards strain the ability of life insurers and pension funds to offer guaranteed returns, Europe lacks a framework ensuring the quality and accessibility of long-term investment solutions for small retail investors and defined contribution pension plans. This report considers the potential to steer household financial wealth – accounting for over 60% of total financial wealth in Europe – towards long-term investing, which would achieve two goals at once: higher growth and higher pensions. It follows a holistic approach that considers both solution design – how to gear product structuring towards long-term investing – and market structure – how to engineer a competitive market setting that is able to deliver high-quality and cost-efficient solutions. The report also considers prudential rules for insurers and pension funds and the potential to build a single market for less-liquid funds, occupational and personal pensions, with improved investor protection. It urges policy-makers to act aggressively to deliver more inclusive, efficient and resilient retail investment markets that are better equipped and more committed to deliver value over the long-term for beneficiaries.

Western Strategic Poverty: The Ukrainian Crisis and the New World Order. Jean Monnet/Robert Schuman Paper Series Vol. 14 Special Issue, March 2014

From Introduction. The Ukrainian crisis, which deepened in February with the invasion of the Crimean peninsula by Russia, has exposed a serious poverty of strategy and leadership from Europe and the US. Such a lack of strategic vision in responding to the Ukrainian crisis, considered by Nicholas Burns among others, as one of the greatest crises in Europe since 1991, diverges between the European Union and the US. It is undeniable that the western leadership is unable to get its act together. In the US, the perpetual fratricide between the republicans and democrats over anything is affecting the development and implementation of sound foreign policies, while in the EU, there is no clear European leadership emerging, neither from the 28 Member States nor the High Representative and Presidents of the Council and Commission. The EU is once again facing its perpetual policy of risk aversion. On the one hand, the US remains conflicted in identifying its identity in this post-liberal world order, while the EU difficulty faces the inevitable limitation of its soft power. With a West in crisis, no decent strategy and/or policy to unravel, or at least contain, the Ukrainian crisis can emerge in this axiomatic moment with the making of the new world order.

Sea-surface paleotemperature reconstructions for the middle Miocene-Holocene of ODP Site 133-811 in the Coral Sea off northeast Australia

The derivation of a detailed sea-surface paleotemperature curve for the middle Miocene-Holocene (10-0 Ma) from ODP Site 811 on the Queensland Plateau, northeast Australia, has clarified the role of sea-surface temperature fluctuations as a control on the initiation and development of the extensive carbonate platforms of this region. This curve was derived from isotopic analyses of the planktonic foraminifer Globigerinoides ruber, and converted to temperature using the surface-water paleotemperature equation accounting for variations in global ice volume. The accuracy of these data were confirmed by derivation of paleotemperatures using the water column isotopic gradient (Delta delta18O), corrected for salinity and variations in seafloor water mass temperature. Results indicate that during this period surface-water temperatures were, on average, greater than the minimum required for tropical reef growth (20°C; Veron, 1986), with the exception of the late Miocene and earliest early Pliocene (10-4.9 Ma), when there were repeated intervals of temperatures between 18-20°C. Tropical reef growth on the Queensland Plateau was extensive from the early to early middle Miocene (~21-13 Ma), after which reef development began to decline. A lowstand near 11 Ma probably exposed shallower portions of the plateau; after re-immersion near 7 Ma, the areal extent of reef development was greatly reduced (~ 50%). Paleotemperature data from Site 811 indicate that decreased sea-surface temperatures were likely to have been instrumental in reducing the area of active reef growth on the Queensland Plateau. Reduced reefal growth rates continued until the late Pliocene or Quaternary, despite the increase of average sea-surface paleotemperatures to 22-23°C. Studies on modern corals show that when sea-surface temperatures are below ~24°C, as they were from the late Miocene to the Pleistocene off northeast Australia, corals are stressed and growth rates are greatly reduced. Consequently, when temperatures are in this range, corals have difficulty keeping pace with subsidence and changing environmental factors. In the late Pliocene, sedimentation rates increased due to increases in non-reefal carbonate production and falling sea levels. It was not until the mid-Quaternary (0.6-0.7 Ma) that sea-surface paleotemperatures increased above 24°C as a result of the formation of a western Coral Sea warm water pool. Because of age discrepancies, it is unclear exactly when an effective barrier developed on the central Great Barrier Reef; the formation of the warm water pool was likely to have either assisted the formation of this barrier and/or permitted increased coral growth rates. Fluctuations in sea-surface temperature can account for much of the observed spatial and temporal variations of reef growth and carbonate platform distribution off northeast Australia, and therefore we conclude that paleotemperature variations are a critical control on the development of carbonate platforms, and must be considered an important cause of ancient platform "drowning".

Final report to Congress on Age Discrimination in Employment Act studies : report to the Congress required by Section 5 of the Age Discrimination in Employment Act /

Mode of access: Internet.

The role of aquatic vascular plants in the eutrophication of selected lakes in western Massachusetts

"A project supported under Section 100, Water resources research act of 1964 (p. L. 88-379."

Report on the recommendations for funding the 2002 SERS Early Retirement Incentive Program.

Contains the funding alternatives identified by the Commission and provides its recommendations on the alternative that should be used to fund the 2002 SERS ERI liability.

Report on the 90% funding target of Public Act 88-0593.

The funded ratio places the unfunded liabilities in the context of the retirement system's assets. Expressed as a percentage of a system's liabilities, the funded ratio is calculated by dividing net assets by the accrued liabilities. The result is the percentage of the accrued liabilities that are covered by assets. At 100%, a fully funded system has sufficient assets to pay all benefits earned to date by all its members. Of course, in order to calculate the funded ratio, the accrued actuarial liabilities must be calculated and the actual value of plan assets must be determined.

Storm drainage system improvement plan, Village of Garrett, Illinois, Douglas County, IL : executive summary.

"The Illinois Department of Natural Resources/Office of Water Resources(IDNR/OWR) is cooperating with the Village of Garrett to construct a flood control project under the authority of the Flood Control Act of 1945, 615 ILCS 15 (2004 State Bar Edition)."

Village of Davis Junction flood control project : small projects program : village of Davis Junction, Ogle County, Illinois.

"The Illinois Department of Natural Resources/Office of Water Resources (OWR) is cooperating with the Village of Davis Junction to construct a flood control project under the authority of the Flood Control Act of 1945, 615 ILCS 15 (1996 State Bar Edition)."--Leaf 1.

Village of Holiday Hills flood damage reduction project : McHenry County, Illinois.

"This project is being done under the authority given by the Flood Control Act of 1945 (Ill. Rev. Stat. 1989, ch. 19, par. 126a et seq.)--leaf 1.

Western Maryland in the revolution /

Mode of access: Internet.

Geographical guide to floras of the world : an annotated list with special reference to useful plants and common plant names : Part II, Western Europe : Finland, Sweden, Norway, Denmark, Iceland, Great Britain with Ireland, Netherlands, Belgium, Luxembourg, France, Spain, Portugal, Andorra, Monaco, Italy, San Marino, and Switzerland /

"Part I : Africa, Australia, North America, South America, and islands of the Atlantic, Pacific, and Indian Oceans" was issued as Miscellaneous publication no. 401.

Tax Reform Act of 1986 : hearings before the Committee on Finance, United States Senate, Ninety-ninth Congress, second session.

"March 4, 1986"--Pt. 5.

Railroad Retirement Board legal opinions

"Rulings in the administration of the Railroad retirement act and the Railroad unemployment insurance act."