Pension Deals – Win Win Lose http://winwinlose.net/ Sat, 15 Jan 2022 14:00:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://winwinlose.net/wp-content/uploads/2021/06/icon-9.png Pension Deals – Win Win Lose http://winwinlose.net/ 32 32 Music catalogs bring huge deals. Are they overrated? https://winwinlose.net/music-catalogs-bring-huge-deals-are-they-overrated/ Sat, 15 Jan 2022 14:00:11 +0000 https://winwinlose.net/music-catalogs-bring-huge-deals-are-they-overrated/ In the 2006 book Northern Songs: The True Story of the Beatles Song Publishing Empire, journalist Brian Southall captured a music industry mantra: “For songwriters and publishers, the most important five words are always the same – ‘Never give up copyright ©. ‘” For generations of popular musicians who have stuck to this philosophy, this […]]]>

In the 2006 book Northern Songs: The True Story of the Beatles Song Publishing Empire, journalist Brian Southall captured a music industry mantra: “For songwriters and publishers, the most important five words are always the same – ‘Never give up copyright ©. ‘”

For generations of popular musicians who have stuck to this philosophy, this strategy has paid off. Song catalogs from the baby boomer era and beyond are raising huge amounts of money from publishers, private equity firms and others looking to capitalize on the music business recovery.

Bruce Springsteen inked a deal with Sony Music Entertainment in December to sell his masters and songs for $500 million. Warner Chappell Music earlier this month bought David Bowie’s songwriting catalog for $250 million. A host of rights and assets belonging to artists such as ZZ Top, Tina Turner and Paul Simon have all been sold over the past year.

Music Business Worldwide magazine estimated that more than $5 billion changed hands in music rights acquisitions last year, including publishing assets and recordings, with more expected in 2022. Buyers are said to circle Phil Collins.

Music titles are sold at unusually high valuations. Over the past 25 years, songwriting catalogs have generally sold for about eight to twelve times the “publishers’ net share,” or the amount of revenue the songs generated, less royalties paid to the artists and songwriters. Ratings today are 25 to 30 times the publisher’s share, according to industry experts and executives.

That has led some insiders to believe investors are overpaying.

“The average revenue doesn’t increase by a multiple over a five-year period,” said music publishing veteran Matt Pincus. “So if the price is reasonable, they’re great investments because they’re pretty stable.” But there is a price cap.”

The sector attracts some of the biggest financial players. Entertainment investing veteran Sherrese Clarke Soares founded Newark, NJ-based HarbourView Equity Partners in October to buy music rights with $1 billion in backing from Apollo Global Management. This month, “All of Me” singer John Legend sold his songs to private equity giant KKR and music company BMG for an undisclosed sum.

“It was fast and furious, with a lot of money chasing a limited inventory of old catalogs,” said Los Angeles-based music attorney Bill Hochberg, who represents the Curtis Mayfield estate. “And now with John Legend, it’s not just legacies, it’s newer stuff too. There’s a lot of money out there, and it’s an asset class that’s pretty hot with the Wall Street crowd and private equity money.”

The idea of ​​music catalogs as top dollar investments isn’t new. Michael Jackson paid $47.5 million for ATV Music, home of Beatles classics like “Help” and “Yesterday,” in 1985 and later merged it with Sony Music Publishing. Sony Corp. Paid $750 million for Sony/ATV’s share of the Jackson estate in 2016.

Songwriting catalogs are stable assets that generate consistent revenue from radio plays, record sales, streaming, and placement in films, TV shows, and commercials. They’re safe bets for institutional investors like pension funds to invest their money in, especially when interest rates are low and bonds aren’t producing worthwhile yields.

But why are investors willing to spend so much on music rights? The rapid growth of the recorded music business thanks to streaming services such as Spotify and Apple Music has made music catalogs popular objects again. According to an annual industry report by MRC and Billboard, total album consumption in the US grew 11% last year.

Plus, older music is becoming a bigger and bigger part of Americans’ streaming diet. Catalog music accounted for 70% of album consumption in 2021, up from 65% in 2020. Current music consumption fell 4% in 2021, while catalog listening rose 19%. The report credits a surge in nostalgia for old favorites during the COVID-19 pandemic, fueled by the proliferation of music on TikTok and on home fitness platforms like Peloton.

The growth of the market for NFTs and the potential use of music in the metaverse have also fueled investor enthusiasm, said Bill Werde, director of the Bandier Music Business Program at Syracuse University’s Newhouse School of Public Communications.

“You look at the numbers and you see two important data points very quickly,” says Werde, who was previously the editorial director at Billboard. “One of them is that streaming data is going up, up, up. And secondly, as streaming data gets higher and higher and higher, catalogs are becoming a larger and larger percentage of that listening. … It doesn’t take a genius to say, ‘Well, we should probably own the catalogue.’”

Timing is also a factor. Some of the artists who are now selling their catalogs were part of the songwriter-musician generation that began touting their own song copyrights. This pop and rock revolution came after the days of Manhattan’s Tin Pan Alley and the Brill Building songwriting machine, when artists were less likely to write and own their material. Now creeping into the 70’s and 80’s, these songwriter artists are looking for new custodians for their work. In a high-profile example, Bob Dylan, 80, inked a deal in December 2020 to sell his 600-track catalog to Universal Music Publishing Group for an estimated $300 million.

The burgeoning price tags reflect a trend across the entertainment industry, including in Hollywood, where production companies founded by Reese Witherspoon, LeBron James, Will Smith and the Russo brothers are striking astronomical deals. Media companies have signed nine-figure production deals for creatives like Shonda Rhimes, Ryan Murphy and JJ Abrams to further their streaming video ambitions.

While some deals’ prices have shocked analysts, they may be more rational than those happening in music, according to Pincus, who sold his Songs Music Publishing to Kobalt Capital in 2017. At least the TV showrunners can gain value by creating new hits.

“On a catalog of previously released songs, you already know what the hits are,” said Pincus, who now runs an investment vehicle called Music. “The only thing moving revenue is the broader industry economics. It may be wiser to invest in people who are making hits than to buy hits that already exist for very large multiples of their historical earnings.”

Copyright owners can add value to music tracks by creating derivative works such as Broadway musicals, illustrated books, biopics, and documentaries, which have proven popular on streaming video services like Netflix. Universal Music, Warner Music and BMG, for example, have all been active in the production of music-related films.

Stephane Hubert, who is responsible for mergers and acquisitions at BMG in Los Angeles, argues that there are ways to introduce such vintage artists to younger listeners and people outside the US and UK. Country music and American rock artists have plenty of room to cross paths internationally, he said.

BMG and KKR acquired ZZ Top’s music interests last month after BMG recently struck deals to buy a bundle of rights from Tina Turner and Mötley Crüe recordings. Asset manager Pimco has teamed up with Bertelsmann-owned BMG to join the catalog frenzy, according to people familiar with the deal.

“When we acquire ZZ Top, we’re not just acquiring a treasure trove that brings us a return every year,” Hubert said. “We’re looking at a catalog that we can continue to work on together with the management of ZZ Top to bring it into the future, to introduce it to new demographics and new formats.”

But there are limits to how much copyright owners can increase revenue from older music, Pincus said. Mechanical royalties, one of the most important sources of revenue for publishers, are set by the US government through a compulsory license. ASCAP and BMI, the largest US performing rights organizations (which collect publishing royalties from radio and other sources), are subject to consent regulations.

“The problem is that in music publishing, songwriting copyrights are basically 66% settled almost everywhere in the world, which means the economics are basically fixed,” Pincus said. “So your ability to affect the economics of returns from the assets you buy is limited.”

Prices for placement in films, TV shows and commercials can be negotiated. A viral social media video — think of the man who filmed himself on TikTok to Fleetwood Mac’s “Dreams” skateboarding and drinking cranberry juice — can create a boom in audiences.

But few artists have a repertoire capable of supporting a successful stage musical, and the rights are often shared between multiple parties, making it difficult to get everyone to agree and limiting potential benefits for investors.

Nonetheless, Hubert said such deals have become more interesting as legacy acts and current artists are evolving into brands.

“If you had asked me five years ago, I would have said that buying music equipment, which is a passive source of income, is not very interesting from an investment perspective,” said Hubert. “If you, as a buyer, can work with the artist, you can always add value.”

Whether the mega deals pay off depends on how fast the music industry expands.

Goldman Sachs last year forecast that the number of streaming music subscribers worldwide will reach 1.28 billion by 2030, up from 443 million in 2020. That will depend on the growth of streaming in Africa, the Middle East and other emerging countries, if the US tires.

But while the music industry is in overdrive right now, Werde said it’s not a bubble.

“If there’s one thing I can count on when I look at the history of the music business, it’s that you can always count on people saying people are paying too much to release assets,” Werde said. “And generally they are not.”

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The players’ union is not impressed by Thursday’s proposals https://winwinlose.net/the-players-union-is-not-impressed-by-thursdays-proposals/ Thu, 13 Jan 2022 21:33:35 +0000 https://winwinlose.net/the-players-union-is-not-impressed-by-thursdays-proposals/ Well, at least they’re talking. This time, Thursday afternoon’s video call between Major League Baseball and the Major League Baseball Players Association lasted more than an hour instead of a duel that lasted a full seven minutes during their last negotiation session on Dec. 1. According to two people with knowledge of the meeting, the […]]]>
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The Care Allowance could offer an additional £ 270 and a bonus each month this summer https://winwinlose.net/the-care-allowance-could-offer-an-additional-270-and-a-bonus-each-month-this-summer/ Tue, 11 Jan 2022 14:48:47 +0000 https://winwinlose.net/the-care-allowance-could-offer-an-additional-270-and-a-bonus-each-month-this-summer/ The care allowance is a payment for people who need at least 35 hours per week to regularly care for a disabled person. You do not have to be related to or live with the person you are caring for to be eligible for care allowance, but the person you are caring for must be […]]]>

The care allowance is a payment for people who need at least 35 hours per week to regularly care for a disabled person.

You do not have to be related to or live with the person you are caring for to be eligible for care allowance, but the person you are caring for must be receiving certain benefits due to their disability, which in some cases include. You have to pay a certain tariff.

Care allowance is currently paid at £ 67.60 per week, which will increase to £ 69.70 from April 11th.

The care allowance is not dependent on social security contributions and is not means-tested – that is, not based on your personal income or savings – but the income may have an impact on your eligibility.

The DWP guidelines state: “If your income is sometimes more than £ 128 a week, you may still be entitled to care allowance. Your average income can be calculated to find out if you are eligible. ”

Scots who receive care allowance are also entitled to an additional payment known as a care allowance supplement.

The Care Allowance Allowance is £ 231.40 and is paid in two payments each year on dates set by the Scottish Government.

More than 90,000 applicants received a double payment of £ 462.80 on December 15, 2021.

Am I entitled to care allowance?

You may be entitled to care allowance if you, the person you care for and the type of care you provide meet certain criteria.

The person you are looking after must already receive one of these benefits:

  • Personal Independence Payment (PIP) – component of daily living

  • Disability Living Allowance (DLA) – the medium or highest rate of care

  • Care allowance

  • Long-term care allowance at or above the normal maximum rate with disability pension

  • Long-term care allowance at the basic rate (full day) with a war disability pension

  • Armed Forces Independence Payment

If someone else is caring for the same person as you, only one of you can apply for the care allowance.

The kind of care you offer

You must spend at least 35 hours a week caring for someone.

This can include:

  • help with washing and cooking

  • take the person in care with you to a doctor’s appointment

  • Help with household chores such as managing bills and shopping

Latest news on Scottish benefits

Eligibility to participate

The guidelines for GOV.UK state that the following must apply:

  • You are 16 or older

  • You spend at least 35 hours a week looking after someone

  • You have been in Scotland for at least two of the past three years (this does not apply if you are a refugee or have humanitarian protection status)

  • You are not in full-time education

  • You don’t study 21 hours a week or more

  • They are not subject to immigration controls

  • You can earn a maximum of £ 128 per week after taxes, social security and expenses

How do I apply for care allowance?

You can apply online here on the GOV.UK website or call the Carer’s Allowance Unit to obtain an application form on 0800 731 0297.

Before applying, make sure you have:

  • National insurance number (if you have a partner, you will also need their partner)

  • Bank or building society data

  • Employment dates and current payroll when you work

  • P45, if you recently finished work

  • Course details if you are studying

  • Information on any expenses, for example pension contributions or costs for looking after your children or the disabled person during working hours

The GOV.UK policy states that you will also need information about the person you are looking after.

You need your:

  • Date of birth and address

  • National insurance number if you are 16 or older

  • Reference to housing allowance for the disabled if they are under 16 years of age



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Further help and advice on care allowance

Further help and advice can be obtained from:

You can find out more about applying for care allowance on the Gov.uk website here.

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Downfall of a Despot: The Twisted Life of the Original Maxwell Villain https://winwinlose.net/downfall-of-a-despot-the-twisted-life-of-the-original-maxwell-villain/ Sun, 09 Jan 2022 19:18:37 +0000 https://winwinlose.net/downfall-of-a-despot-the-twisted-life-of-the-original-maxwell-villain/ The luxury yacht slowly traveled up the East River from Manhattan and docked at the Water Club on East 30th Street. It was more of an on-water block of flats than a yacht, four stories high, dwarfing the neighbors, and occupying eight instead of one bunk. Its owner had named it after his favorite daughter […]]]>

The luxury yacht slowly traveled up the East River from Manhattan and docked at the Water Club on East 30th Street. It was more of an on-water block of flats than a yacht, four stories high, dwarfing the neighbors, and occupying eight instead of one bunk.

Its owner had named it after his favorite daughter on board – the Lady Ghislaine. Less than a year later, Robert Maxwell was dead, and the child was found in a very different dock in New York three decades later, convicted of sex trafficking.

Robert Maxwell had just bought the failed New York Daily News (the owners were so eager to get rid of the tabloid that they paid him $ 60 million to get rid of it), which was overstaffed and whose distribution was effectively controlled by the Mafia. Workers had been on strike for nearly five months, and while he was able to broker agreements to break off industrial action, it was practically a collapse.

A few days later, on March 13, 1991, at nine o’clock in the morning, a fleet of stretch limousines stopped next to a newspaper kiosk in their hats.

A crowd gathered, and reporters and snapper crowded as Maxwell announced, “The fact that I have chosen New York is a vote of confidence in this city.” A Miracle on 42nd Street ”before he set off and dragged the crowd up the street to the newspaper building.

Maxwell had adopted at least four names before choosing this one (he was born Jan Ludwig Hoch) and was now called “Bob the Max”. Ghislaine was to become his “envoy” in New York. It would prove fateful for both of them.

He would rob his banks and the £ 763 million Daily Mirror pension fund, in part to pay for the Big Apple madness, before falling or jumping off the same yacht in the Atlantic.

Ghislaine gave a press conference from one deck of Lady Ghislaine to the media who gathered down on the quay days after her father’s naked body was fished from the sea. She would have a relationship with pedophile Jefferey Epstein and become his wife to help source young girls before she is locked up as a sex offender.

A tyrant, flail and thief

Her father was a lad, a violent bully, a villain, a sociopath, a liar – before he became possibly the greatest thief of the 20th century. Or was it perhaps these qualities that initially gave him wealth?

Ghislaine was born on Christmas Day 1961 as one of nine Maxwell children. Three days later, the eldest, 15-year-old Michael, was in a car that crashed into a truck on a foggy Oxfordshire road. Seven years later he was in a coma until his death.

From the overlooked – “Mama, I exist,” explained the three-year-old Ghislaine, according to her mother’s memoirs – she became the celebrated, inundated with suffocating affection.

Robert had met his wife Elisabeth, called Betty, in Paris during the Second World War. Betty wrote in her book that her favorite daughter was “spoiled, the only one of my children I can really say that about”.

Robert Maxwell’s story could be gleaned from fiction. In fact, it is sometimes difficult to sift through the facts because the man is embellishing his past. It is true that he was born in Solotvyno, Czechoslovakia into a large and impoverished Jewish family who all lived in a bare-floor hut. He, too, was one of nine that he reproduced in his own family.

His mother and father, and most of his family, were murdered by the Nazis when they conquered the village and country during World War II. Robert had left at the age of 16 at the beginning of the war and joined the Czech Army in Exile, then the British Army. He met and married Betty, rose to captaincy, and won the Military Cross presented to him by General Bernard Montgomery the day after he learned his parents were dead.

But he was also a war criminal who shot dead Nazis and also mayor of a city that hosted others. He had a gift for languages. He originally spoke Yiddish, learned English, which came with a deep upper class accent, and also French and Russian, or, as he put it, nine languages ​​in all, or was it 10? It depended on who he was bragging about.

Maxwell’s house

After the war, he founded Pergamon Press, which collected scientific papers (the academics were more interested in seeing their names on a book than on a check) and marketed it, but also did business with the Soviet Union and with the defeated enemy Germany Springer press.

The company was based and the family lived in Oxford’s Headington Hill Hall, which Maxwell often referred to as “the best meetinghouse in the country”. He had rented the house and surrounding buildings from the council to renovate the mansion.

The then chairman of Pergamon, Sir Walter Coutts, later said of him: “Maxwell has the ability to sublimate anything that prevents him from getting what he wants. He’s so flexible that he’s like a grasshopper. There is no question of morality or conscience. Maxwell is number one and what Maxwell wants is most important and the hell with everything else. ”

His ambition, politics and cunning led him to become Labor MP for Buckingham in the 1964 general election – he had told Betty he would become Prime Minister – which he held until 1970.

However, that didn’t stop him from continuing his professional career. He bought the loss-making British printing and publishing company and turned it around by cutting costs and staff.

But it had always been his ambition to become a press mogul. In 1969 he tried to buy the News Of The World but lost after years of fighting the man who became his fierce rival, Rupert Murdoch. (When the editor of the New York Daily News was instructed by his boss to call Murdoch and tell him about the purchase, Murdoch burst out laughing and hung up.)

In 1975 he poured a crucial £ 120,000 into Glasgow’s Scottish Daily News, the Workers’ Cooperative, and when it got into financial trouble he made the workforce believe he was going to save the paper. He did not do it. All hands (including this one) went down.

In 1984 Maxwell Mirror Group bought Newspapers from Reed International for £ 113 million. After that, he was rarely out of the headlines. He tried to solve the problem of the famine in Ethiopia, he “saved” the 1986 Commonwealth Games in Edinburgh (which were later declared insolvent), he patronized Neil Kinnock and other Labor politicians, he successfully sued Private Eye for doing so claimed he was trying to buy a title of nobility – although he probably tried – and he brought out Britain’s first 24-hour newspaper, the London Daily News, which he tried unsuccessfully with the Scottish Dail News, and it broke together within months.

He also bought two football clubs, Derby County and Oxford United, with a shitty Gishlaine by his side

Unsinkable self-confidence

AN amusing and typically bombastic side effect of the Edinburgh Games saga was when he introduced his Japanese “friend” Ryoichi Sasakawa to the media. He praised the businessman who pumped in far more money than Maxwell himself than a multi-million dollar philanthropist who “single-handedly funded the eradication of leprosy,” although it is still going on more than 30 years later.

Sasakawa, if possible, was probably even more of a deluded Fantastic than Maxwell. He told reporters in Edinburgh that he was 27 and would be 200 years old. He was then 87 years old and died nine years later, either at 96 or 36!

But Maxwell’s relentless thirst for power and influence, his utter lack of morality and conscience, and unsinkable belief in himself led him to rob the pension funds to keep the New Yorker Zeitung and his other acquisitions afloat, and to him, voluntarily or not to be found face down in the sea.

His favorite child’s lawyers are now trying to overturn the sex trafficking verdict and are applying for a new trial. And the Lady Ghislaine? She was sold in 2017 to Anna, the former wife of Maxwell’s archenemy Rupert Murdoch. Her name is now the dancing rabbit.


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SIPP godfather John Moret in the city’s pension sector for over half a century https://winwinlose.net/sipp-godfather-john-moret-in-the-citys-pension-sector-for-over-half-a-century/ Sat, 08 Jan 2022 08:30:00 +0000 https://winwinlose.net/sipp-godfather-john-moret-in-the-citys-pension-sector-for-over-half-a-century/ Saturday, January 8th 2022 8:30 a.m. John Moret’s career in the pension sector spans more than 50 years. Square Mile insider John Moret is often referred to as Mr. SIPP, or SIPP’s godfather, for his work in developing the self-invested private bond market. John Moret is one of the most influential figures in the UK […]]]>

Saturday, January 8th 2022 8:30 a.m.

John Moret’s career in the pension sector spans more than 50 years.

Square Mile insider John Moret is often referred to as Mr. SIPP, or SIPP’s godfather, for his work in developing the self-invested private bond market. John Moret is one of the most influential figures in the UK pension industry.

He is currently chairman of the consulting firm Intelligent Pensions and the non-executive director of Gaud, a fast growing SIPP company. However, his real passion is running a small, non-executive customer experience company called Investor in Customers (IIC).

IIC has a growing presence in the financial services market and clients include AXA, Northern Trust, Ardonagh Group, LGIM and Barnet Waddingham, as well as leading trade associations PIMFA, TISA and CSA.

In an exclusive interview with City AM‘s Michiel Willems explains to John Moret why the customer experience is so important to him, the latest FCA proposals on consumer obligations that will affect all regulated financial services companies, and why he would like to see the SIPP label removed.

First, let’s take a closer look at the latest FCA proposals. They believe that measurement of customer experience is relevant to the watchdog’s suggestions on consumer liability. Why is that?

In its consultation paper, the FCA proposes that all regulated companies are obliged in future to take all reasonable steps to avoid causing foreseeable harm to consumers, to enable customers to pursue their financial goals and to act in good faith. Four specific outcomes are suggested as key elements of the relationship: communication, products and services, customer service, and price and value.

So far there are no clear guidelines on how the FCA would like to rate or measure these results, but the customer experience will obviously be a key element.

What do you think of these proposals?

I welcome them in principle. Delays in processing pension transfer payments are all too common. Investment fraud has become an integral part. Consumers have been bombarded with meaningless pages of paper purportedly to help them understand the value of their pensions and their longevity.

“For far too long, many providers in the annuity industry have paid lip service to customer results.”

John Moret

The inadequacies in advice and guidance for those who take advantage of lost income are very worrying. The industry is shockingly slow to adopt new technology, although some of the newer “fintech” retail retirement providers are trying to change that and gain a competitive advantage.

How Concerned Should Regulated Firms Be About the FCA’s Consumer Obligation Proposals?

All regulated companies in the financial services market should listen to feedback from the FCA on the consultation paper promised by the end of the year. They want to implement their proposals by the end of July 2022. So there are only 7 months left to review the four customer results and consider how to measure them and prove their performance. This is where customer insight will be so important. But it’s not just about meeting regulatory requirements. Our experience shows that improving the customer experience ultimately leads to competitive advantage and profitability.

Since you are Mr SIPP, I would be remiss not to ask how optimistic you are about the future of SIPPs.

The market has grown to nearly £ 500 billion in funds invested on behalf of nearly 3 million investors. However, this growth was not without pain. The consequences of the pension simplification in 2006 and the pension exemptions in 2015 resulted in many SIPP investors losing some or all of their investments. This pain has also resulted in a number of consulting firms taking to the wall along with several SIPP companies.

I think the SIPP label is now misleading, many SIPP investors are hardly or not at all involved in investment decisions and a growing number of SIPP providers are nothing more than glorified “private provision” providers who offer a limited range of investments.

“I’ve been a huge supporter since the day Nigel Lawson announced the introduction of SIPPs in March 1989.”

John Moret

SIPPs have also been used by many scammers and we have to be very careful that investors who manage their own investments for ESG reasons do not lead to yet another bond scandal.

While I’m optimistic about the SIPP market, I wonder if it’s time to get rid of the SIPP label and move back to a new and more appropriate title like an Individual Retirement Account (ISA)! A name that immediately focuses on the customer rather than the financial methodology.

Finally, let’s zoom in on your Investor in Customer business for insights into the customer experience. When did you get involved for the first time?

That was 15 years ago. At the time I was working at Suffolk Life (now part of Curtis Banks), a leading provider of SIPPs, and commissioned the first IIC assessment. I was so impressed that I became a shareholder and was invited as a non-executive chair in 2009. It is generally accepted that financial services could do better when dealing with customers. But few companies deal with them and therefore don’t really know how they think and feel.

“What exactly do you mean when you talk about customer experience? It is often confused with customer service. “

John Moret

It is also important that it is not just the end customer’s point of view, but that of the employees and customers. Comparing different views and identifying gaps between what the executive team thinks of what they do and what customers think they are getting provides a true picture and can transform the business.


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Thursday Chat: Could Any Leafs Players Go To The Olympics? https://winwinlose.net/thursday-chat-could-any-leafs-players-go-to-the-olympics/ Thu, 06 Jan 2022 11:00:00 +0000 https://winwinlose.net/thursday-chat-could-any-leafs-players-go-to-the-olympics/ With the NHL announcing that it will not allow players to compete in the Olympics because the Omicron variant is already messing up hockey leagues and tournaments around the world, every country is now striving to assemble its best possible squads. But some countries will have an easier time than others. The rule, per one […]]]>

With the NHL announcing that it will not allow players to compete in the Olympics because the Omicron variant is already messing up hockey leagues and tournaments around the world, every country is now striving to assemble its best possible squads.

But some countries will have an easier time than others.

The rule, per one Darren Dreger tweetIt appears that players with an NHL contract are not allowed to participate. That means nobody like Cole Perfetti or Peyton Krebs who are in the AHL but in NHL deals. So that’s not just limited to players currently on an NHL roster, it can also include those in the AHL who have an NHL deal.

If that’s true, it doesn’t just mean the obvious choices like Auston Matthews aren’t going to the Olympics. With the Maple Leafs it can also be guys like Kristians Rubins who are in the AHL, but also have NHL contracts.

For North Americans, the best of a mix of NCAA players – who haven’t signed a professional contract yet – and old veterans who play in Europe remains. It can also include the AHL as long as the player has an AHL contract.

What is not clear is whether a prospect playing in Europe who has signed his ELC could participate. Pontus Holmberg, for example, is one of Sweden’s top professional players in the SHL. He would be a worthy player for Team Sweden … but he has signed an ELC.

But it means that guys like Topi Niemelä, who is one of the top professional defenders in Finland’s Liiga this year, could play completely free for Finland – he hasn’t signed an ELC yet. It also means that Matthew Knies, who is in the NCAA and one of the best newcomers, may have an outside perspective to play for Team USA. And wouldn’t that be fun! The WJC is denied due to COVID, just so that COVID gives them the opportunity to take part in the Olympic Games as young people.

However, Russia will absolutely win.

LEAVES LEFT

William Nylander takes the lead on points as Maple Leafs defeated Oilers 4-2 | by Hardev and Omara

UPDATE: More Toronto games postponed due to Covid and rescheduling reasons | from Katya

Morgan Rielly’s 200-foot Excellence, Trade Forward Goals, and Who Are The Leafs’ 12 Best Strikers When They Are Healthy? | from MLHS

DIFFERENT HOCKEY LINKS

Edmonton’s risky off-season schedule on the web is in crisis | from Sportsnet

Speaking of Edmonton’s goalkeeper … one of them wasn’t that happy to be thrown under the bus by his coach.

The Penguins and Blackhawks swung a trade yesterday.

The Habs hired a new vice president for communications.

There are rumors that the Canucks are buying their substitute goalkeeper. I know of another western conference team that could use it!

Speaking of Canucks, they’ll be without one of their top stars due to COVID.



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Lafarge and others join the Meristem Value Index as an FBN, Honeywell Exit https://winwinlose.net/lafarge-and-others-join-the-meristem-value-index-as-an-fbn-honeywell-exit/ Tue, 04 Jan 2022 15:00:46 +0000 https://winwinlose.net/lafarge-and-others-join-the-meristem-value-index-as-an-fbn-honeywell-exit/ From Dipo Olowookere Nigerian Exchange (NGX) Limited has reorganized its market indices, with some companies leaving and re-entering, according to a statement made available Business mail. The review took effect on Tuesday, it said. January 4, 2022, and the indices affected are the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate Governance Index, Afrinvest Bank […]]]>

From Dipo Olowookere

Nigerian Exchange (NGX) Limited has reorganized its market indices, with some companies leaving and re-entering, according to a statement made available Business mail.

The review took effect on Tuesday, it said. January 4, 2022, and the indices affected are the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index; and the five industry indices of the stock exchange; NGX Banking, NGX Insurance, NGX Industrial, NGX Consumer Goods and NGX Oil & Gas.

For the Meristem Value Index, Cadbury Nigeria, Eterna, Nascon Allied Industries, Sterling Bank and Lafarge Africa have been added while Ardova, Cap, Custodian Investment, FBN Holdings, Honeywell Flour Mill, United Capital and Unilever Nigeria have been removed.

In addition, NGX added Dangote Cement, GlaxoSmithKline, Guinness Nigeria, Livestock Feeds and Total Energies Marketing Nigeria to the Meristem Growth Index and removed the duo Nestle Nigeria and Stanbic IBTC Holdings from it.

In addition, the Afrivest Dividend Yield Index saw the addition of Guinness Nigeria, Vitafoam and Tripple Gee and the deletion of AIICO Insurance, Conoil, Dangote Sugar, Fidelity Bank and United Capital, while the Afrivest Bank Value Index saw the UBA as a new member and the exit from . welcomed FCMB.

The NGX 30 index saw the entry of Oando and the exit of Nascon Allied Industries, while the NGX Industrial Index only saw the entry of Tripple Gee, while the NGX Lotus Islamic index only witnessed the removal of Ardova and Unilever Nigeria.

However, the Corporate Governance Index, the NGX Pension Index, the NGX Oil & Gas Index, the NGX Insurance Index, the NGX Banking Index and the NGX Consumer Goods Index remained unchanged.

The Nigerian Stock Exchange began publishing the NGX 30 Index in February 2009, with index values ​​starting January 1, 2007. On July 1, 2008, the NGX developed five sector indices with a base value of 1,000 points that serve as investable benchmarks for measuring the performance of specific sectors .

The industry indices include the 15 most financially strong and liquid companies in the insurance and consumer goods sectors; the ten most financially strongest and most liquid companies in the banking and industrial goods sector; and the seven most capitalized and liquid companies in the oil and gas sector.

In July 2012, the Nigerian Stock Exchange launched the NGX Lotus Islamic Index (NGX LII), which is made up of companies whose business practices adhere to Sharia investment principles with the aim of expanding the breadth of the market and becoming an important benchmark for investment as the alternative scope for ethical and interest-free investments increased.

The companies listed in the Islamic Index have been thoroughly audited by Lotus Capital Halal Investment using a method recognized by an internationally recognized Sharia advisory body made up of renowned Islamic scholars.

These indices are designed to enable investors to track market movements and properly manage investment portfolios. The indices, which are designed according to the market capitalization method, are reweighted every six months on the first business day in January and July.


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Bruce Springsteen leads aging rockers in the race for music rights https://winwinlose.net/bruce-springsteen-leads-aging-rockers-in-the-race-for-music-rights/ Sun, 02 Jan 2022 13:31:00 +0000 https://winwinlose.net/bruce-springsteen-leads-aging-rockers-in-the-race-for-music-rights/ Bruce Springsteen fans, who saw a special New York set last month, were unaware of the career-defining moment off-stage. Just a day after joining Steve Earle and The Dukes for a charity appearance, The Boss unveiled a $ 500 million ($ 369 million) sale of music rights that cemented its place in the rock hall […]]]>

Bruce Springsteen fans, who saw a special New York set last month, were unaware of the career-defining moment off-stage.

Just a day after joining Steve Earle and The Dukes for a charity appearance, The Boss unveiled a $ 500 million ($ 369 million) sale of music rights that cemented its place in the rock hall of fame.

By selling his master recordings and the publishing rights to Sony Music, the singer sealed the greatest work by an artist ever sold behind era-defining albums such as Born to Run and The River.

For those in the music industry, the deal will come as no surprise. It was simply the latest in a slew of artist and producer license deals that helped drive the value of music mergers and acquisitions to record highs in 2021.

According to data from MIDiA Research, nearly $ 13 billion (£ 10 billion) was spent last year, up from $ 5 billion in 2020.

The huge deals are an example of how supply and demand harmonize perfectly. Music mutual funds eager to turn yesterday’s hits into a new asset class have scoured the market to capitalize on the constant returns from streaming music.

Meanwhile, the pandemic-induced ban on live music, the prospect of an increase in US capital gains tax on song rights sales of more than $ 1 million, and the meager returns some artists get from streaming compared to traditional records achieve, causes many to make money.

Hipgnosis, the London-listed fund under the leadership of former Elton John manager Merck Mercuriadis, has secured the music rights to Shakira, Red Hot Chili Peppers and Bon Jovi.

Bob Dylan sold his catalog to Universal Music, while BMG, Bertelsmann’s own record label, bought Tina Turner’s back catalog in October. That fall was quickly followed by a $ 150 million deal for song royalties for heavy metal band Motley Crew.

David Bowie’s estate, valued at more than $ 200 million, could be next when Warner Music looks at Thin White Duke’s songwriting catalog.

Kriss Thakrar, an analyst at MIDiA, says a new round of investment is now geared towards targeting current hits.

“There’s an investor narrative out there that streaming is doing this revenue revival for classic hits, which is why many of the biggest deals are for older rock artists as much of the demand is competing for the same supply,” he added.

“However, there are plenty of more modern catalogs out there that have a lot of untapped potential in the pop, hip-hop and R&B sectors.”

Private equity also hopes to take some of the stable, long-term returns from songbooks during times of low interest rates.


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Croydon 2021: voter apathy, gas lines and shady deals https://winwinlose.net/croydon-2021-voter-apathy-gas-lines-and-shady-deals/ Fri, 31 Dec 2021 17:02:20 +0000 https://winwinlose.net/croydon-2021-voter-apathy-gas-lines-and-shady-deals/ WE HAVE NEW FOR YOU: In our final edition of our annual review of the most eye-catching stories in 2021, we hit the season of missed opportunity and low fertility for Croydon Labor with an all-out defeat in the mayor’s referendum as well as the recent scandals resulting from the Council’s financial crisis OCTOBER Croydon […]]]>

WE HAVE NEW FOR YOU: In our final edition of our annual review of the most eye-catching stories in 2021, we hit the season of missed opportunity and low fertility for Croydon Labor with an all-out defeat in the mayor’s referendum as well as the recent scandals resulting from the Council’s financial crisis

OCTOBER

Croydon counting: Even with a relatively low turnout, the referendum count was a junk

After all the talk of “fat cat mayors,” of proposals that could deliberately break electoral spending laws, and the gagging of councilors and party members, the Labor leadership was led by Steve Reed and Croydon in the district mayoral referendum earlier this month.

Some of her colleagues had argued, for good reason, that arguing for running the bankrupt council the same way they would argue under the discredited Tony Newman was not a good idea.

Labor council leaders at City Hall – such as Sean “No Scrutiny” Fitzsimons, Stuart “Newman’s henchman” Collins and Hamida “Apologetic” Ali, the council chairmen, all relics of the failed old regime – sought the views of the majority of their party colleagues and one of the three Constituency parties of the district by the Status quo.

But even though the Labor leadership wasted more than £ 10,000 in valuable campaign funds to prevent a move to a directly elected mayor, every single one of the 28 counties in the district voted in favor of the move.

Four times as many Croydon residents voted for change as they supported the now disreputable old system: 11,519 versus 47,165. The first executive mayor of Croydon will be elected next May.

Deliver defeat: Newman fools who bankrupted the district, like Stooge Collins, saw no wrong in distributing leaflets with burning £ 20 notes on them

The big political mistake people like Collins, Ali and Progress MP Steve Reed OBE made was turning the referendum into a vote on the Minutes of the Labor Council.

They all got the answer they deserved.

Reed promoted his party’s opposition campaign against a directly elected mayor and posted misleading statements in small social media videos.

In the end, Reed did not even have the decency to bother to appear to the Count and witness the sweeping defeat he had helped to cause.

After all of the poor judgment and “corporate blindness” of the past five years, Reed, Ali, and the remaining Newman fools had somehow managed to make it all worse with a nasty campaign and display of bad faith among voters.

Other excuses: Unpleasant…

While the census was still in progress, some members of the local Labor Party felt it necessary to apologize on social media “on behalf of our party” for the attack on the DEMOC campaign by one of Newman’s fallen (i.e. handing out juicier allowances) . ) City councils. “Please be patient with us,” they wrote. “We need your votes next May.” Gallows humor indeed.

In Croydons The editorial line throughout the petition and campaign process for the system change has always been that less than the really radical change that was offered was offered. We even came up with a hashtag for the change of mayor: #ABitLessShit.

It seems that Croydon voters tended to agree.

The turnout that day was very, very low overall: just 21 percent, showing that what might intrigue the Croydon establishment and Town Hall allowance bubble members is often much less for the people they are supposed to serve Has priority.

No service: It has been left to a community-minded person to provide the drivers with fuel updates

The turnout for the mayor and city council elections next May should be better.

Also in October, through the magic of the internet, we managed to find a tool that would help our readers find gas stations where fuel was still available.

With fuel prices soaring in the weeks since then, has anyone thought that this was all just a ruse used by multinationals to increase their profit margins?

And the council’s financial collapse sparked yet another scandal in October when the Labor Councilor and Cabinet member responsible for the borough’s fortunes was discovered to be selling the Croydon Park Hotel at a bargain price to a development company represented by … King’s own employer.

Sources on Katharine Street suggest the hotel may have sold for about £ 10 million less than the £ 29.8 million council – Newman and his financial assistant Simon Hall – sold in 2018 for the 211-room four-star -Hotel paid.

The hotel went broke in the middle of its first lockdown in 2020, with the loss of an additional 92 jobs in the city center.

Sources confirmed that the new owners of the hotel site are in fact a company represented or represented by Terrapin Group, the Peter Bingle-led real estate public relations firm with King as Senior Account Director since earlier this year is working.

Burger King: There is nothing wrong with former Newman cabinet member Stuart King (left), who also works for a developer lobbyist company

This is the same Stuart King who is vice chairman of the council and member of cabinet for the “Croydon Renewal”. According to the council’s website, “wealth management” is high on the long list of responsibilities in King’s cabinet mandate.

This includes the sale of tens of millions of pounds of brick by brick sites and other public property. Including the Croydon Park Hotel.

Our resident attorney Ebenezer Grabbit of the widely respected Sue, Grabbit and Runne law firm asked us to point out that there is no evidence of any wrongdoing by King. King has assured In Croydon personally that he has withdrawn from all meetings and briefings where his job at Bingle may have come close to his public duties as Councilor of Croydon.

But to see all of this as acceptable behavior in the troubled Croydon Council is either extremely naive or monumentally stupid.

Or maybe King and his fellow councilors really do believe the Croydon public is stupid.

After all, this is the same Croydon Labor group that gave Paul Scott a “special license” for six years while he was director of an architectural practice so that he would receive hundreds of requests from developers and architects during his tenure as chairman of … the planning committee worked for millions of pounds, and Westfield, who also worked for Scott’s company TP Bennett.

NOVEMBER

In the crisis: Croydon Council cannot handle routine tasks

The first anniversary of the publication of Section 114 of the Croydon Council and the admission that they had gone broke brought with it the realization that there had been so many job cuts that the local government was now unable to perform even the most routine of its duties.

Research by Inside Croydon discovered …

  • The case of the grieving resident who suffered a six week delay in receiving her own father’s death certificate;
  • Several couples of proud parents had to wait almost six months to register the birth of their child;
  • Homeowners served with court summons after the council did not answer the phone to collect their council tax payments; and…
  • The £ 1.6 billion pension fund committee had not taken minutes of its meetings in more than a year.

Decent meal: Wendys were back

Elsewhere in November, two of our most-read articles were contributions from our loyal readers.

One helped us uncover that a High Court judge ruled against Croydon’s Planning Department and overturned a senior city council official’s decision to approve a block of flats in Sanderstead. and are also causing mortgage lenders to withdraw their loans on some properties built without proper planning permission.

And we said hello again to Croydon Wendy’s, whose use of a historic 1960s building in an important location on George Street was a feast for the eyes.

DECEMBER

In the last month of this wretched year, our readers wanted to find out more about train cancellations to Victoria and the rising rates of Covid infection in local hospitals.

Marked for disposal: CEO Colm Lacey’s selfish empire building at Brick by Brick drove the Croydon Council to bankruptcy

Fortunately, however, two parts of our regular investigative journalism, including a story published on Christmas Eve, kept our loyal readers informed of the gimmicks going on in and around Fisher’s Folly. Brick by Brick, the failed home builder owned by the community, reported a loss of £ 25.26 million in the company’s most recent financial statements.

And the report also showed that the company’s one-year loans – all from Croydon Council – had grown to £ 229 million.

The financial statements up to March 2021 were released by Companies House on Christmas Eve morning in the latest glaring attempt to sweep the bad news under the rug.

£ 70 million fiasco: Where was the money spent in the Fairfield Halls?

Not only did Brick by Bricks’ poor management, slow completion and failure to deliver public housing help bankrupt the council, their incompetence had left a trail of rubble in the Fairfield Halls that the company ran under Head of former councilor Colm Lacey, should renovate.

This month, In Croydon Received a copy of a document agreeing with the lines of investigation into the deal that put the renovation of the Fairfield Halls to Brick by Brick in the first place – which included no less than FOUR potential areas of illegal conduct by senior councilors, or councilors Brick by Brick.

The investigation into the £ 70 million Fairfield Halls fiasco by Grant Thornton was commissioned more than 12 months ago. It has yet to be made public.

Which suggests that in 2022, eight years after we first started reporting on the council’s ill-advised housing companies, we will still be digging into a sad affair that town hall leaders would prefer to remain in the shadows.

Happy New Year to all of our readers except Tony Newman and Jo Negrini …

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The best New Years Eve 2021 food deals from M&S, Tesco, Asda and more https://winwinlose.net/the-best-new-years-eve-2021-food-deals-from-ms-tesco-asda-and-more/ Thu, 30 Dec 2021 05:30:00 +0000 https://winwinlose.net/the-best-new-years-eve-2021-food-deals-from-ms-tesco-asda-and-more/ The New Year is just around the corner and with everyone in England being urged to celebrate “carefully and sensibly” you can decide that there is nowhere to go but see home in 2022. Plan B measures continue to apply, i.e. Covid passes for access to nightclubs and major events, mask requirements in shops and […]]]>

The New Year is just around the corner and with everyone in England being urged to celebrate “carefully and sensibly” you can decide that there is nowhere to go but see home in 2022.

Plan B measures continue to apply, i.e. Covid passes for access to nightclubs and major events, mask requirements in shops and public transport, and working from home if possible.

So if you choose to stay on New Years Eve instead of going out and being at risk of Covid, you are likely planning what to eat.

And if you’re not in the mood for take-out, a supermarket specialty meal may be the answer.

READ MORE: Exact Date To Remove Christmas Tree And Decorations According To Tradition

We’ve rounded up some of the best dine-in-meal deals supermarkets are having for New Years Eve 2021.

From M&S to Morrisons, here are some of the best food and drink options for a cozy night on the big day. Happy New Year!



The M&S New Year’s Eve Dine-In offer includes options such as the “Ultimate Lasagne”, Pantofola from the stone oven, Prosecco Conte Priuli and mini Black Forest cake

Marks and Spencer

M&S is again offering its New Year’s Dine-In offer. The popular food offer serves two people.

Choose from a main course, a side dish, starter or dessert, plus a bottle of wine or soda or a box of chocolates for just £ 20.

Main courses include beef lasagna, rump or sirloin steaks, chicken in red wine, steak pie, roasted eggplant and vegan potato and onion pie.

There are also various side dishes, starters, desserts, wine and chocolates. We encourage you to come to your nearest store as early as possible so that your options are not restricted.

Check out all of the New Years Eve dine-in menu options here

READ MORE: DWP New Years Payment Dates for Universal Loan, PIP, Child Benefit, State Pension

Tesco

The UK’s largest supermarket is offering its Tesco Finest Dinner for Two.

A main course, side dish, dessert and drink are only £ 10 when you have a Tesco Clubcard. That’s half the cost of the M&S deal.

Main courses include beef lasagna, pesto, and parmigiano-breaded chicken, as well as chicken in prosecco sauce.

See all menu options for the Tesco Finest Dinner for Two here. Home delivery time is running out, so hurry to your next store.

There are also a number of other Tesco New Years specials for food and drink.

READ MORE: Exact Date To Remove Christmas Tree And Decorations According To Tradition

Asda

Asda is offering its Extra Special Meal For 2 for £ 10, which includes a main course, a side dish, a dessert and a drink or chocolates.

The main offers of the promotion include sirloin steaks, lamb shanks, chicken breasts wrapped in pancetta, steak and red wine pies or cottage pie.

Check out all of the Asda options here.

Sainsbury’s

Sainsbury’s has a number of dine-in offers, although there are no meal packages that allow you to add side dishes, drinks, and desserts in one purchase.

Check out all of Sainsbury’s New Year’s food deals here.

Morrisons

Morrisons doesn’t seem to be offering their usual Dine In for Two deal, but they do have a variety of New Years Eve party food on offer.

These include buy three and get the cheapest for free and buy two for £ 3, 5, or 7. So you can easily put together a delicious dine-in yourself.

Waitrose

Waitrose has no food offer this year, but there are plenty of offers for party meals, drinks, simple meals and desserts.

This includes three main courses for £ 10. See what they have here.

Stay up to date with the latest news on food, drink and shopping and everything that’s happening in your part of the West Midlands with our email updates right in your inbox


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