High Five: June 2012

first_img1. Climbing Wunderkind Sets Record in RedRed River Gorge, Ky.At age 10, Brooke Raboutou recently became the youngest female and American to send a 5.14a when she scaled the steep grade of “God’s Own Stone” at Kentucky’s Red River Gorge. While no small feat, the Colorado-based climbing wunderkind has been raised on rock, as her mother Robyn Erbesfield-Raboutou was a four-time world-cup winner who now runs a kids’ climbing program in Boulder.2. Bears on BroadcastScranton, Pa.In northeastern Pennsylvania, a mama bear and three cubs wandered into the backyard of a Scranton news station where meteorologist Kurt Aaron was delivering a weather segment. When Aaron turned around, one of the bears was only 10 feet away from him, so he darted inside as a safety precaution. The live cameras continued to roll, showing bears rooting for trash instead of the latest weather maps.3. What is art?Martinsburg, W.Va. West Virginia-based artist David Heatwole wasn’t pleased by the city of Martinsburg’s plans to raise a sculpture of the town founder, Revolutionary War Major General Adam Stephen. So in what he’s calling a symbolic request for more public art, Heatwole placed a toilet on the pedestal that was intended for the sculpture and attached a fake bill of sale that read “crappy work of art.” He was charged with littering.4. Rabid Bear AttackAlbemarle County, Va. A rabid black bear attacked two men who were moving stones using a utility vehicle. The 120-pound female bear first charged the vehicle and then came after the two workers. After climbing on to the roof of the vehicle, one of the men killed the bear with a shotgun. Officials said it was the first bear with rabies ever reported in Virginia and only the second on the East Coast—the other in Maryland.5. Bo Knows BikesHenagar, Ala. In addition to Major League Baseball Player, National Football League star, and Heisman Trophy winner, Bo Jackson can now add endurance cyclist to his resume. In April, the professional sports hero led a 300-mile bike ride across Northern Alabama to commemorate the one-year anniversary of the devastating tornadoes that ripped through the region in 2011, leaving an estimated 250 people dead. Pedaling a rig painted the colors of his Auburn alma mater and bearing the names of those killed by the storm, Jackson was joined on the ride by a cast of celebrity friends including fellow MLB star Ken Griffey, Jr., Lance Armstrong, and pro skier Picabo Street.SkywalkingMoscow, RussiaForget planking. A new, much more dangerous cyber craze is taking off thanks to the viral photos of a risk-taking Russian teen. Marat Dupri, 19, and his friends call themselves skywalkers—a label derived from climbing to the top of skyscrapers and television towers and snapping photos from ledges, sans harness.No Tweet for YouPro cycling team Omega Pharma Quickstep’s sporting director has banned his riders from using Twitter within an hour after finishing races. The policy is aiming to prevent hot-headed post-race remarks from being posted: “It will give team members time to think before tweeting thoughts brimming with finish-line emotion that are often regretted.”Guv Too Quick for Black BearVermont Governor Pete Shumlin had a close call with a group of black bears back in April. Shumlin first tried to yell at the bears scavenging from bird feeders on his property. Then when he went to take them down, one of the bears charged him, coming within three feet of the governor who made it back inside his house unharmed.last_img read more

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CMI longevity model could cut Swiss liabilities by up to 3.5%

first_imgApplying the continuous mortality investigation (CMI) model could slice between 2.5% and 3.5% off liabilities in Swiss Pensionskassen, according to consultancy group Libera.The CMI model incorporates regular adjustments to increases in longevity, whereas standard mortality tables currently project an unbroken upwards tendency.“Under the CMI model the life expectancy of a 65-year-old Swiss male is 3.5% lower than compared with the model used by the federal statistical office,” Libera noted.However, so far “no Swiss Pensionskassen are applying the CMI model”, Benno Ambrosini, board member at Libera, confirmed to IPE. “But there is no regulatory impediment to using a different model as long as it is adjusted to the Swiss population,” he added.Swiss law only states pension funds have to “calculate their annual reports based on accepted basic principles and openly accessible technical foundations”, Libera explained.In the UK the model has been discussed and applied more widely . Most recently actuaries have calculated that UK life expectancy improvements have stalled in recent years, which could reduce liabilities for many pension schemes.“What has still to be decided is the long-term adjustment rate to be used in the CMI model for Switzerland,” Ambrosini said.However, he criticised the rate used by many UK companies, saying the 1.25% widely used in the UK was based on “too little” substantial evidence.The CMI model is based on the assumption that current rates of mortality improvement converge to a single long-term rate, as noted by the UK’s Institute and Faculty of Actuaries.last_img read more

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Federer Wins Fourth BBC Overseas Sports Personality Award

first_imgTennis star Roger Federer has won the BBC Overseas Sports Personality of the Year for a record fourth time after a public vote. The 36-year-old Swiss topped the poll ahead of five other shortlisted nominees.Federer became the first man to win Wimbledon eight times and extended his record to 19 Grand Slam titles in 2017.Boxer Muhammad Ali and athlete Usain Bolt are the only other people to have won the BBC award three times.  Federer said: “It makes me incredibly proud that the UK public have chosen me as the BBC Overseas Sports Personality of the Year.“The support that the UK crowds give me whenever I’m here is amazing, and to be recognised on the shortlist alongside some of the greatest sportspeople of all time is extremely humbling.”He was shortlisted by an expert panel this year alongside Tom Brady (American football), Katie Ledecky (swimming), Tatyana McFadden (Para-athletics), Sally Pearson (athletics) and Michael van Gerwen (darts).The vote was carried out on the BBC Sport website.At 35, victory over Croatia’s Marin Cilic made Federer the oldest man in the Open era to claim the Wimbledon singles title.Earlier in the year, he returned from six months off to recover from a knee injury and won the Australian Open with a five-sets victory in the Melbourne final over old rival Rafael Nadal.The overseas award will be part of the BBC Sports Personality of the Year ceremony which takes place at the Echo Arena in Liverpool on Sunday and is broadcast live on BBC One from 18:45 GMT.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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