19 of 66 to 71 yearolds working full or parttime to supplement

first_imgMore than one in five (19%) of respondents between the ages of 66 and 71 are still working full or part-time to supplement their retirement incomes, according to research by Dunstan Thomas.Its survey of 1,002 UK adults aged 54-71 also found that over half (56%) are currently working, or are predicting they will have to work, full or part-time to top up their income beyond the state pension age of 65 years old. In addition, 35% of respondents do not know exactly how much income they would need to live on in retirement.The research also found:42% of respondents aged 54-59 cannot approximate their future retirement income.Just 17% of respondents know exactly how much income to expect when they retire.48% of respondents have a defined benefit pension arrangement, 15% are in an occupational defined contribution pension scheme and 15% are wholly dependent on the state for retirement income.43% of respondents think they will be spending the same amount on supporting family members in retirement, as they do while working. More than a third (35%) of respondents who care for a family member predicted an increase in the family care burden being carried by them personally once they are retired.29% of respondents were likely to, or had already, downsized their home to supplement their retirement income.29% of respondents did not understand the options that are now open to them above the age of 55 under the pension freedom rules.22% of respondents would access the pensions dashboard, due to be introduced by 2019, to assess if they have saved enough for retirement, compared to 15% who want to use it to run comparisons between different decumulation options. A further 13% want to work out how much they need to set aside to ensure they have enough for retirement.Adrian Boulding, director of retirement strategy at Dunstan Thomas, said: “These findings confirm our view that consumers will not take kindly to a dashboard that does not support post-retirement decumulation decision-making, as well as pre-retirement accumulation and at retirement decision-making.“This line between pre and post-retirement is irreversibly blurred and dashboards must reflect this.”last_img read more

47 believe pension freedoms have increased employee engagement

first_imgUnder half (47%) of employer respondents believe that pension freedoms have led to employees being more engaged with their workplace pension, according to research by the Confederation of British Industry (CBI) and Aegon.Its survey of 189 employers also found that 59% of respondents feel that employees diverting money away from their pension due to other financial priorities is a principle barrier to employees’ engagement with their pension , compared to a further 59% who cite a lack of awareness among employees of the importance of retirement saving as the main barrier to employee engagement with pensions.The research also found:66% of respondents educate employees about the benefits of saving through a workplace pension in order to influence employee engagement with pensions. Other measures respondents believe can increase employee engagement with workplace pensions include wider financial education (58%), simpler language and less jargon in pensions communications (63%), using technology (54%) and individualising pensions communications (49%).24% of respondents feel that challenges around having insufficient resources to communicate to employees about pensions is a key barrier to employee engagement with pensions.92% of respondents contribute above the statutory auto-enrolment minimum levels.63% of respondents include pensions information as part of the employee induction process, 60% use guidance from an external provider and 54% signpost staff to publicly available pensions guidance.51% of respondents provide a digital pensions information portal for employees and 49% deliver in-house webinars or seminars.42% of respondents state that pension provision has had a positive impact on employee retention.12% of respondents are happy with their current levels of employee engagement and 55% think that stronger engagement would improve their ability to either retain, recruit or carry out succession planning.Neil Carberry (pictured), managing director at the CBI, said: “Businesses are contributing billions to their [employees’] pensions each and every year, playing their part in a quiet pensions revolution with auto-enrolment having a growing influence over workplace saving.“While many businesses rightly recognise the positive effect that their investment in pensions can have on recruiting and retaining staff, others need to open their eyes to grasp the opportunities in front of them. Engaging better with workforce on pensions is not a ‘nice-to-have’ but absolutely fundamental to the success of workplace pensions schemes and well-funded retirements for [employees].“Although many [organisations] do a great job, there’s an awful lot more that can be done to get staff engaged in their financial futures and to gain a better grasp of retirement planning. Many younger [employees], those on lower incomes and employees who have been at a business for a short period are not getting the support they need to get to grips with issues that will help determine a successful path to when they retire.“Businesses are up for the challenge, nine in ten [organisations] we talked to felt a responsibility to better engage employees with their pension schemes. Some businesses are already leading the way, over half have a strategy in place for securing greater pensions engagement.”Paul Bucksey, managing director at Aegon Workplace Investing, added: “Pensions are a big financial commitment for employers but this investment often goes underappreciated. A workplace pension is part of an employee pay package.“The challenge is for businesses to help their employees recognise this. Engagement is the key to changing behaviours and helping employees achieve long term financial security. When an employer gets behind their scheme and encourages the workforce to take action, engagement levels rise.“Some employers are already going the extra mile to support their workforce in getting their pensions on the right track. But what remains clear is that whether [they] choose to hold roadshows, workshops or webinars, offer online financial planning tools or workplace financial advice, [they] need to do it regularly, as part of a wider financial awareness strategy.“From recruitment to retirement, long-term planning and regular action will help employees reach a point where they can afford to retire. Ultimately, a workforce that can’t afford to retire presents employers with some new challenges around succession planning and managing an aging workforce. Better pension engagement from employees will help [employers] plan ahead to continue to grow and adapt [their] business.”last_img read more

Man steals purse from NW MiamiDade dollar store clerk

first_imgNORTHWEST MIAMI-DADE, FLA. (WSVN) – Police are searching for a man who, they said, stole a dollar store clerk’s purse in Northwest Miami-Dade.Surveillance captured the man going through the Dollar Plus store near Northwest 169th Street and 67th Avenue, June 22.Police said he approached the clerk and tried to snatch her purse, pushing her to the ground.If you have any information on this crime, call Miami-Dade Crime Stoppers at 305-471-TIPS. Remember, you can always remain anonymous, and you may be eligible for a $1,000 reward.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

2 men vandalize Weston country club

first_imgWESTON, Fla. (WSVN) – Police are searching for two men who, they said, vandalized a country club in Weston on two occasions, last month.Surveillance video captured the subjects at the Bonaventure Country Club, along Bonaventure and Blatt boulevards, Oct. 3 and Oct. 23.Police said the duo broke onto the property in the middle of the night and spray painted walls, windows, fences and golf carts.Cameras caught a good shot of one of them.If you have any information on their whereabouts, call Broward County Crime Stoppers at 954-493-TIPS. Remember, you can always remain anonymous, and you may be eligible for a $3,000 reward.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

Officer lectures mother who left children in hot car

first_imgThe temperature outside on that day was around 75 degrees, so the conditions inside the locked car likely climbed at least five to 10 degrees in a matter of minutes — leaving the children vulnerable to heat distress.“Their body physiology, they haven’t quite develop the best coping mechanisms to the heat, so that’s why you have to be extra careful,” said an official.The police chief stands by his officer’s reaction.“I know he has children of his own, and you have to remember police officers are just people,” said Vancouver Police Chief Adam Palmer. “We’re all human beings and everybody may react slightly different to every set of circumstances, and he was trying to convey to that woman the seriousness of what she had done with her children.”No charges have been filed but the case has been turned over to child welfare officials for further investigation.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. VANCOUVER, Canada (WSVN) — An officer had a few words for a mother who left her two children in a hot car in Canada.Cellphone video shows witnesses and the officer confronting the mother after finding the children, ages 2 and 6 years old, inside the car.“Your kids were in there on a hot day; that’s pretty stupid,” said one witness.“I was here for five minutes,” the mother responded.However, surveillance shows that the woman was in the store for nearly 20 minutes.The two children were rescued. However, they were dehydrated.“You don’t seem to understand what you have done,” the officer told the woman. “Your children could have died. The windows were up, and it’s hot out.” last_img read more

Mexican woman found dangling from border fence

first_imgTUCSON, AZ (WSVN) – U.S. Border Patrol agents found a Mexican woman dangling from the international border fence, Saturday.According to an official statement by U.S. Customs and Border Protection, there were agents patrolling the border east of Nogales when they witnessed two smugglers trying to lower the 37-year-old Mexican woman using a harness and hoist rope.Officials said when they approached the woman, she attempted to climb back over the border fence into Mexico, but the smugglers left her to hang.The woman was suspended about 15 feet above the ground, officials said. The Nogales Fire Department was called to safely get the woman down from the fence.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

Child battling cancer gets VIP treatment at Florida Keys Theater of the

first_imgISLAMORADA, Fla. (WSVN) — A child battling cancer had his wish granted during a visit to the Florida Keys, Friday.Daniel and his family took a trip from Austin, Texas to visit the “Theater of the Sea” in Islamorada to spend time with a group of sea lions thanks to the Make-A-Wish Foundation.The 5-year-old, who is battling blood cancer, chose the destination after previously visiting it on vacation.He was excited to return, but he had to finish treatment first.“Being able to tell him that there is something that he really loved, that he was going to be able to do that as soon as it was done and have him look forward to it — being able to give that to him is amazing,” said his mother, Kathy Lampkin.On Daniel’s first trip, a sea lion painted him a picture that he has since placed on his bedroom wall.During his latest visit, Daniel relived all the magic with a VIP behind-the-scenes experience and even got a kiss from a sea lion. Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

Video shows fatal trooperinvolved crash that killed teen cyclist in SW MiamiDade

first_img“You could feel something was missing, but you could tell his presence was there at the same time,” said his friend Imani Lewis.Monday was a hard day for some students who returned to class without their friend.“The day had brought us together ’cause it made us realize we gotta love each other now instead of doing it later, ’cause nothing’s promised,” said student Daija Metayer.Lopez’s family and their attorneys are expected to speak at a press conference Tuesday afternoon in Fort Lauderdale.In the meantime, the teen’s friends are organizing a memorial for him at Ron Ehmann Park on Thursday at 7 p.m.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. SOUTH MIAMI-DADE, FLA. (WSVN) – Newly released video shows the moments a Florida Highway Patrol trooper fatally struck a teen riding a bike in Southwest Miami-Dade.A surveillance camera from a nearby restaurant captured Friday night’s crash along Killian Parkway and Southwest 108th Avenue.According to investigators, 17-year-old Angel Lopez was riding his bicycle across the street when FHP Trooper Aliek Sierra, who was heading westbound on Killian Parkway, stuck and killed him.After the accident, FHP said, the trooper’s vehicle stopped, turned on his lights and then reversed after hitting Lopez.The victim’s friends told 7News they were all in the JROTC program together at Miami Killian High School. They also said that Monday was filled with tears, and they spent the day in counseling.They told 7News that they will remember him for how happy and kind Lopez was.“He was always hype person, he was always smiling. There was never a moment that he didn’t smile,” said a friend, Danyelle Castillo, as she became emotional. “He’s always smiling, and then you not seeing him is like, ‘Where is he?’” last_img read more

Pines Middle School briefly placed on lockdown due to suspicious activity

first_imgUPDATE: Our investigation revealed the suspicious incident to be unfounded. The school lockdown has been lifted. https://t.co/L22W4kfk7v— Pembroke Pines PD (@PPinesPD) September 26, 2018Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. PEMBROKE PINES, FLA. (WSVN) – Pines Middle School was briefly placed on lockdown Wednesday morning.According to Pembroke Pines Police, the lockdown was put in place as a result of a suspicious incident that happened in the area near the school.Officers immediately responded to the school but found nothing suspicious, and the lockdown has since been lifted.last_img read more

Panda Express kicks off Lunar New Year with free egg rolls

first_imgMIAMI (WSVN) – Panda Express is offering free food in celebration of the Lunar New Year.The food chain will be giving customers red envelopes containing coupons for a free chicken egg roll and drink, Food and Wine reports.Also inside will be a fortune-teller game that lets customers answer questions to find out what might be in store for them in the Year of the Pig.The envelope symbolizes good luck and prosperity in East Asian cultures.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

Murkowski Votes No On Advancing Kavanaugh In Procedural Vote

first_imgOf the four key votes; Republican Senator Susan Collins of Maine and Jeff Flake of Arizona votes yes, as did democrat Joe Manchin of West Virginia. Facebook0TwitterEmailPrintFriendly分享U.S. Senator Lisa Murkowski voted ‘no’ during a dramatic procedural vote held on the senate floor on  advancing Judge Brett Kavanaugh to a final vote. U.S. Senator Dan Sullivan voted ‘Yes’. Kavanaugh will get a final floor vote after enough senators Friday voted to advance his nomination. The final vote was  51 to 49.center_img The final confirmation vote will likely be held on Saturday.last_img read more

Kasilof River Sockeye Salmon Limits Increased

first_imgIn addition to increasing the bag and possession limit for sockeye salmon, ADF&G issued emergency order number 2-RS-1-36-19 expanding the area open to dipnetting on the Kasilof River effective 12:01 a.m. Wednesday, July 24 through 11:59 p.m. Wednesday, August 7, 2019. Facebook0TwitterEmailPrintFriendly分享The Alaska Department of Fish and Game (ADF&G) is increasing the bag and possession limit for sockeye salmon to six fish per day and twelve fish in possession; however, no more than two salmon per day and two in possession may be coho salmon, in all portions of the Kasilof River open to salmon fishing. Area Management Biologist Colton Lipka: “Increasing the limits for sockeye salmon allows anglers an opportunity to harvest additional fish to fill their freezer.” The biological escapement goal on the Kasilof River is 160,000-340,000 sockeye salmon. As of Sunday, July 21, 2019, a total of 231,900 sockeye salmon have passed the Kasilof River sonar site.center_img The current escapement of sockeye salmon into the Kasilof River is proceeding at a rate that is projected to exceed the biological escapement goal. These provisions are effective 12:01 a.m., Wednesday, July 24 through 11:59 p.m. Tuesday, December 31.last_img read more

Nielsen Sells Four Magazines to Interweave

first_imgCraft and arts publisher Interweave—a unit of Loveland, Colorado-based Aspire Media—has acquired four arts-related magazines from Nielsen Business Media. The deal includes Nielsen’s American Artist, Drawing, Watercolor and Workshop magazines. Terms of the transaction were not disclosed.According Aspire CEO Clay Hall, the four magazines and their franchises are “a great expansion” upon Interweave’s current portfolio, and his team is “eager to begin offering advertising and marketing clients access to our expanded portfolio and other cross-media platforms. Our strategy is to build multi-media platforms around strong magazine franchises. Clearly, American Artist and its related publications fit like a glove with our mission and business strategy.”With a circulation of 41,000, American Artist was launched in 1937 and publishes 11 times per year. Drawing, Watercolor and Workshop magazines are quarterly. Aspire’s Interweave Press Publishing group includes 18 subscription magazines as well as several special-interest newsstand titles, and produces six annual craft enthusiast events.last_img read more

Somber AMC Concludes with Terminator QA

first_imgSAN FRANCISCO—The final day of a somber American Magazine Conference was capped by a long commercial for a mobile Web company called SnapNow and an engaging closing interview with California Governor Arnold Schwarzenegger. Schwarzenegger described how he relates to Barack Obama even though he’s supporting John McCain. Obama, he said, must have had a burning ambition from childhood to become something great. “I always knew from the time I was 10 years old that I was going to come to America and become something great,” he said. “I didn’t know it was bodybuilding or powerlifting, but I knew it would be something.” Of course, he went from bodybuilding to a 20-year movie career and to politics. Schwarzenegger’s funniest line, apparently inadvertent: Asked about the perils of misspeaking on the campaign trail, he noted that “in a campaign, people take what you say and spin it in 20 directions. So you have to be very careful about what you say, and you sometimes end up talking like a machine.” A slow roll of audience laughter followed, and Schwarzenegger broke into a slow grin, adding, “I see you have a sense of humor.”   The SnapNow presentation was made by the top executives at Women’s Day, who are testing the product. Essentially, participating brands, products, magazines and advertisers are entered into a SnapNow database, and their ads or images are tagged with a SnapNow logo. A mobile user takes a picture of the product and e-mails it to SnapNow, which sends a link to more information. The interesting thing was the presentation was supposed to last 10 minutes, but extended to about 25 minutes as the presenters took questions waiting for Schwarzenegger to arrive. And the questions kept on coming, an indication that the technology and similar mobile-enabled texting technologies are striking a chord in the magazine industry. Earlier sessions included one called “Monetizing Beyond the Ad Page,” and featured Jeff Price, president, SI Digital; Robert Ames, VP and GM, digital automotive and M.E.N. Networks at Hachette Filipacchi Media U.S., Inc.; and Jennifer Andre, online sales and marketing director, Healthy Living Group, Active Interest Media. Among their observations and advice:• “Grow what you know.” Andre described how Yoga Journal readers have a passion for yoga poses, so she built a searchable online library of them.• Ames (who noted that 15 percent of HFM’s revenues are from digital media) described special sponsored e-blasts that repurpose reviews from Car and Driver.• Price described an early failure or two. First, he said, SI Digital was “a little slow to have an open-Web approach. We need to go where the sports fans are.”  He also noted that SI was slow in recognizing the value of organic search and tagging stories, and in online fantasy sports.• Ames told of enabling Road and Track editors to be 24/7 reporters through the use of Web-enabled cell phones, where editors can go out and do tests and upload reports and images in real time.last_img read more

BusinessWeek Named ASBPE Web Site of the Year

first_imgThe American Society of Business Publication Editors (ASBPE) announced BusinessWeek winner of its Web Site of the Year at the Digital Azbee Awards Friday.One judge said BusinessWeek’s site had a strong, clean interface with consistent page elementsthat led to positive user experience, according to a release. The other three finalists—IDG’s CIO and InfoWorld, and TechRepublic—earned honorable mentions during the award luncheon at the San Francisco Hyatt. The Digital Azbees total 28 categories, with the 15 new digital categories added this year, including best podcast, slide show, video and blog. All category winners and finalists can be found at asbpe.org. The top Multi-Platform award went to Meister Media Worldwide’s Today’s Garden Center. The site’s branding, said one judge, was consistent in both print and online and that the content was complementary to each platform. The judge also said the online content is interesting and easily navigable. Honorable mentions for the Multi-Platform award went to finalists Greenhouse Grower and Realtor.last_img read more

The New Print Gimmick

first_imgDavid Granger likens print innovations to the new squeezable ketchup bottle, what he calls “the greatest consumer product in the history of mankind.” That little twist on the American staple “allows people to access it in a simple and fulfilling way.” The use of print innovations have yet to become as widespread as the ketchup bottle, but the new technologies are breathing fresh air into a mature industry that is battling its own digital counterparts for survival.“In this era, when everyone’s excited about new media, we need to do everything we can to make older media as exciting as possible,” says Granger, Esquire’s editor-in-chief. The magazine’s latest print gimmick was its May 2009 issue where it featured a mix-n-match cover. The facial features of President Obama, George Clooney and Justin Timberlake became interchangeable thanks to a tri-perforated cover.It’s not just the digital era, but also the poor economy that has publishers looking for new ways to stay viable. “The growth of the Internet as consumers’ primary news and content-delivery method, in combination with the impact of the recession on the publishing industry, has created a marketing environment that requires inventive and customizable cover and insert creative that will resonate with the consumer,” says Scott Berry, senior vice president of sales for specialty printer Vertis Communications.Print Innovations, Past and Present Four years ago, Rolling Stone made news with its 3-D lenticular cover for its 1,000th issue. Late last year, The Hollywood Reporter also produced a 3-D cover featuring the movie “Cloudy with a Chance of Meatballs” for its November 30th issue. Some other recent covers include Esquire’s October 2008 e-ink issue, where it embedded an electronic paper device in the cover—a first for the magazine industry. Another Hearst publication, House Beautiful, featured a pocket cover with a pull-out for its September 2009 issue. The cover line asked, “What colors does your house need?” and the pull-out provided a sampling of colors with personality descriptions and suggestions for use.Hearst Corp. seems to be embracing print innovations. The company’s 2009 annual report is a panoply of print gimmicks, including digital bar codes, pop-ups and magazines within magazines, produced by Sandy Alexander and Brown Printing Co. And for the past three years, the company has held “print expos” where it invites printers to set up display booths to showcase their cutting-edge capabilities in an internal tradeshow setting for Hearst’s publishers, editors and marketing people. In January, Michael Clinton, executive vice president, chief marketing officer and publishing director for Hearst Magazines, decided to open the doors to invite advertisers and agencies to the expo.That was a smart move considering that producing these special issues usually requires advertiser buy-in. One of the reasons specialty print issues aren’t more commonplace is because they are more costly to produce. Granger notes that it wasn’t until the economy started to head south that advertisers got interested in collaborating on some print innovations. “I have no budget for increased cost so I need an advertiser to do it with,” he says. “Frankly, there are costs that need to be shared. That’s why we haven’t done more; we have to find advertisers that get excited about doing something, as well as committing on the edit side.”It should be noted that some of the best print innovations these days are showcased by advertising inserts. Take the magazine insert for Ubisoft’s Assassin Creed II, a video game. As you open the four-page spread, you actually tear off the head of the king, one of the characters in the game. “You can literally hear and feel the head tearing,” says Doug Hazlett, vice president of marketing and sustainability for specialty printer Sandy Alexander.A Jump In Newsstand SalesWhile specialty printing has been around for a while, new technologies coupled with publishers’ desire to stay relevant are leading to growth in this area of magazine publishing. “There are new techniques and technologies that are changing the business,” Hazlett says. “The advantage of specialty magazine printing is that it drives higher awareness, recall and in turn sales which drives a higher return on your investment.”The newsstand sales of Hearst’s specialty print magazines are proof. House Beautiful’s September 2009 issue, featuring the pocket cover, was the top selling issue of the year for the magazine with 110,000 copies sold—24 percent higher than the average issue. In fact, it was the best-selling issue since September 2007, says a Hearst Magazines spokesperson. And the newsstand sales of Esquire’s mix-n-match cover for May 2009 were up more than 10 percent. Esquire’s e-ink cover for its October 2008 issue saw a newsstand spike of more than 15 percent with a 33 percent price increase, according to the spokesperson.The payoff is also about generating buzz. “Great ideas and executions beget more great ideas and executions,” says Karen Wagner, production director for Hearst Magazines. “Not only do advertisers benefit from innovation, but so do editors and the editorial product.”Challenges and PricingWhile it’s difficult to get a good idea of just how much these specialty printing projects cost, Granger says that Esquire’s issues that were innovative through its use of paper and ink cost in the “tens of thousands of dollars,” noting that it was only a “slight upcharge” and not “cripplingly expensive.” And Hearst maintains that its 2009 annual report with all the bells and whistles did not cost any more to produce than a regular report. There are other challenges to producing specialty printed issues. The edit team, production staff, advertiser and printers must all be on the same page. Another challenge is the longer lead time. For example, a print unit that runs inside the magazine may take a week to two weeks to prepare, and can be produced earlier, but must be at the printer at the time of binding. And a specialty cover can’t close too early because of edit constraints, Wagner says. Esquire specialty covers have closed about 10 days earlier than regular covers, Granger says. He adds that time also has to be factored in to allow for the selling of the idea to an advertiser and for the manufacturing division to have enough time to order paper, etc. What’s Next: Thermo-Dynamic InkSome of the emerging trends and biggest bangs for the buck include the use of 2-D bar codes and anything interactive. The use of 3-D covers still generate a tremendous amount of interest and activity, especially given the advent of 3-D movies and TV, Hazlett says. Special coatings, like gloss UV and metal effects, unique stocks, special colors and custom pop-ups and die-cuts are hot now, he adds. “Inside the book, a unique stock, custom shape or special finish provide the highest awareness and recall for a marketing campaign,” he says.In addition, some of the updates to the actual presses have enabled many of these technologies. “There are so many different units that can be produced and bound, due to improvements to presses,” Wagner says. “We can do more on press in one pass than we could before. In the past, in some cases we’ve had to print a unit on press and then take it offline and do other things to it, like [die-cut] it, fold it or glue it. Now, the new technologies that printers have added to the presses enable them to do more of that inline,” saving time and money.Hearst’s Marie Claire has something special in the works for select copies of its March issue, Wagner says, and Esquire is already planning something innovative for its November issue, which will feature “the sexiest woman alive.” Granger wants to experiment with inks next, particularly thermo-dynamic ink, which changes color based on temperature, so words can actually change color. “There’s so much interesting ink technology and that’s one of the next frontiers I want to play with,” he says. We’ve already seen what he can do with paper.last_img read more

Modern Luxury Acquires Aspen Magazine

first_imgIt was Modern Luxury who approached the publication, which has been around for almost 40 years and joins the company’s existing 40 regional titles. Janet O’Grady, the brand’s previous owner, will remain editor-in-chief of Aspen Magazine and continue to direct the publication’s editorial focus.When it comes to growth, Dickey says that Aspen will look to its other titles in Los Angeles, New York, Dallas or Houston, among others, to capitalize on the synergy between the demographics. According to Kim Mac Leod, president of Regional Media Advisors, who was not involved in this deal, the very nature of Aspen as a location and a publication presents a great opportunity for Modern Luxury.“This make sense for them because it’s the same kind of audience that they’re going for,” she says. “These magazines sell advertising across their various titles—that’s the business model, to leverage multiple circulations and aggregate circulation to sell larger advertisers that want to target the same kind of audiences and have retail establishments or brands in all of the disparate areas. It’s quite possible that if you did a demographic snapshot of Aspen residents, my guess is that this is a second home for them, so it’s quite possible that Modern Luxury believes the same audience and the same mindset will be there, who will then go back to their primary city and also look for that brand.”Besides growing the brand’s stature among its existing audiences, Dickey says that over the next two-to-three weeks the company will begin rolling out Aspen Magazine on to tablets in an effort to grow its digital presence.In addition to O’Grady, all of Aspen Magazine’s staff is expected to be maintained, and its parent company will look to fill the open positions of publisher and managing editor. According to a spokesperson for Aspen Magazine, the title has a paid circulation of 5,000, though 30,000 copies are usually printed for distribution of this 7x publication.Outside of this acquisition, Modern Luxury is setting its site on continuous growth.“In the summer of 2013 we’ll also be going into the Hamptons—we allow the brands to show us where they need Modern Luxury, whether it’s a Seattle, a Boston or a Philadelphia, whatever the case may be. Where there’s a need, that’s where we look first.”Stay updated on the latest FOLIO: news, become a Facebook fan and follow us on Twitter! Affluent lifestyle publisher Modern Luxury is closing a hole in its portfolio with the acquisition of Aspen Magazine—a market the CEO says will help propel the company’s growth.“Aspen is a premiere luxury market and our company didn’t have a presence there,” says Michael Dickey, CEO of Modern Luxury. “Our plan was to enter the market here in 2013, but then the opportunity came upon us to purchase Aspen Magazine and it was a great fit.”Dickey declined to offer terms of the sale.last_img read more

FY17 Request to include Funding for Extra Troops in Europe

first_imgThe Defense Department will ask for funding to rotate 3,000 to 5,000 U.S. troops to Europe in its fiscal 2017 budget request, according to senior defense officials.The additional brigade’s worth of troops, which are expected to rotate in from the United States, will be dispatched to relieve some of the pressure from the 173rd Airborne Brigade, which is on its third rotation there, reported Stars and Stripes.“They’ve been constantly deployed,” a defense official told the publication. “We are going to try to source that from units” based in the United States.The administration’s $3.4 billion request for the European Reassurance Initiative also would cover the cost of sending a brigade’s worth of tanks and artillery to storage sites throughout Europe. The Pentagon requested only $780 million for the initiative in FY 2016.The department already has moved tanks, trucks and artillery into Europe over the past year in response to Russia’s support for separatists in Eastern Ukraine, according to the story.The request for rotating additional troops in Europe represents a renewed focus by the United States on emerging security threats, a subject Defense Secretary Ash Carter is expected to address in a speech on Tuesday. Dan Cohen AUTHORlast_img read more

Senate Republicans Caution White House About Military Impacts With OneYear Spending Deal

first_img ADC AUTHOR Senate Republicans are renewing concerns about a White House proposal to use a one-year continuing resolution (CR) to fund fiscal 2020 federal spending and avoid a potential October government shutdown, according to a report in The Hill.Sen. Dave Perdue (R-Ga.), a member of the chamber’s Budget Committee, issued a letter co-signed by 16 GOP colleagues last week warning that resorting to one-year CR would cause “draconian conditions” for the military, the report detailed.The Senators’ concerns were sent to senior administration officials Treasury Secretary Steven Mnuchin, Acting White House Chief of Staff Mick Mulvaney and Acting Office of Management and Budget Director Russell Vought.The three administration officials have led budget talks between Democratic House leaders, Senate leaders and the White House for a two-year agreement that would lift current spending caps and avoid mandatory cuts under a 2011 budget law.The senators emphasized that a one-year CR “must be avoided” because it would leave the Defense Department “incapable of increasing readiness, recapitalizing our force, or rationalizing funding to align with the National Defense Strategy.”“As the world continues to become more dangerous, the American people rightfully expect their representatives in Washington to put aside political differences and do their jobs,” the senators wrote. “Simply put, our adversaries do not handcuff their militaries with funding gimmicks like continuing resolutions—nor should we.”The high stakes budget talks are stalled over Democrat-led House demands for a nondefense spending level that is $100 billion more than the White House has stated. House negotiators want about $647 billion in fiscal 2020 nondefense funds, while the White House is pushing for nondefense spending about 10 percent below fiscal 2019 levels.Navy photo by Mass Communication Specialist 3rd Class Rebekah Watkinslast_img read more