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21
shootin' the shit / Re: Climbers recovering from covid
« Last post by James Malloch on Yesterday at 05:18:29 pm »
Got my first ever positive test today (3 days before dadís funeral - NNFNÖ).

Whatís the general advice these days, just rest up and donít overdo things when things start improving?

And how long would one likely be infectious - is a negative test enough to risk mixing with high risk family?

Iím feeling medium rough with shivers and everything aching so will probably just have some lemsip for now.

Iím guessing the fact I never hear anything about it now means itís basically just part of lifeÖ
22
get involved: access, environment, BMC / Re: 180k cragx Mill Bridge
« Last post by Tony on Yesterday at 04:40:46 pm »
Forgive me if its buried somewhere in the arguments about water quality, but I thought the cost was £180k, and 49k has been raised.  So who's making up the £131k shortfall

It is not generally in my nature to reward sloth butÖ

The PDNP Foundation is not the PDNP Authority. My response was to a query regarding the funds raised by the former. The latter made the estimate of £180k for the work that they were seeking to have undertaken.

You can see some approximations of whence the Authority hoped the funding would come by using an internet search engine.
23
get involved: access, environment, BMC / Re: 180k cragx Mill Bridge
« Last post by SA Chris on Yesterday at 04:07:12 pm »
A bridging loan (sorry)
24
get involved: access, environment, BMC / Re: 180k cragx Mill Bridge
« Last post by SamT on Yesterday at 03:42:01 pm »
Forgive me if its buried somewhere in the arguments about water quality, but I thought the cost was £180k, and 49k has been raised.  So who's making up the £131k shortfall, (the BMC??  :lol:)
25
shootin' the shit / Re: Finance, coronavirus, the economy, etc
« Last post by AJM on Yesterday at 03:34:26 pm »
It's difficult for this not to become quite technical quite quickly, but at a very simple level a large disconnect between asset and liability behaviour tends to point to a risk the scheme is exposed to.

So where you say "the sensibly managed pension funds would not consist of 50year gilts at 0.25% yield" - that's not necessarily the case. The benefit of that sort of investment strategy is that all your guaranteed outflows would be funded by guaranteed inflows, which leaves the scheme with very little residual risk and very little chance of needing to make sudden cash calls on a sponsoring employer.

Many schemes would love to be funded on a low risk or self sufficiency basis (the fine detail of pensions regulation is not my precise field, but I think it's an expectation from the pensions regulator for mature schemes?). Either this, or a buy out (transfer of the liabilities to an insurance company). And when pension schemes transfer their liabilities to insurance companies (which again has attraction for many schemes because of the certainty it provides), insurance companies will look to fund all the outflow from some sort of gilt, corporate bond or similar assets.

Where schemes aren't funded on this basis, again very simplistically you could say it's because they need to earn a higher return than that strategy can provide (or, equivalently, they don't have enough money to fund everything from low risk assets) and so are having to take more risk in order to do so.
26
get involved: access, environment, BMC / Re: 180k cragx Mill Bridge
« Last post by Tony on Yesterday at 03:20:53 pm »
Out of interest, how much as been raised so far.

I emailed the the PDNP Foundation, I was grateful and pleased to receive the following response:

Quote
£49k towards to cost of the [Cress-brook Mill] bridge has been raised or donated via the Foundation.

This includes £12,024 raised via the Enthuse platform (plus gift aid), £10k from the BMC Access and Conservation Trust, £5k from the South Yorkshire and North East Derbyshire Ramblers and a £20k donation from the Foundationís own core funds.

I believe the Foundation was pleasantly surprised by the success of this appeal. I gather it is hoped that the bridge will be open before the end of the year.
27
shootin' the shit / Re: Finance, coronavirus, the economy, etc
« Last post by stone on Yesterday at 02:41:30 pm »
The whole point as far as I could see is that the sensibly managed pension funds would not consist of 50year gilts at 0.25% yield. They would consist of an asset mix that would see little or no change in asset value when gilt yields fell from 0.5% to 0.25%. Meanwhile the liabilities would get a bonkers increase in value. To try and bridge that disparity, they entered into these swap contracts. Those swap contracts were what caused them such problems when gilt yields went in the other direction from 0.25% (or whatever they were) to 5% or whatever.
28
shootin' the shit / Re: Finance, coronavirus, the economy, etc
« Last post by AJM on Yesterday at 02:23:30 pm »
You won't get a sensible comparison if you allow for the impact of interest rates on the liabilities but ignore its effect on the assets (the change in the market value of a 50 year gilt when gilt rates fall from 0.5% to 0.25% is equally bonkers, given the maths works in the same way for both).

It's a good way to end up concluding that the whole thing is nonsense, which is fine if that's all you want to get out of it, but it isn't a comparison that makes any sense from a technical perspective.
29
shootin' the shit / Re: UK General Election 2024
« Last post by mrjonathanr on Yesterday at 02:20:26 pm »

I very much agree with bringing social care funding back into the NHS. The current system where a person gets discharged from hospital into care and then becomes almost immediately a council/social care problem is a nightmare and just creates lots of perverse incentives that do not help the person involved one little bit.


Cheers Dave

Agreed. Its cost is also where property will get cannibalised and wealth concentrated upwards. I suspect a lot of people who imagine that they can pass on homes to their children will find that they wonít be able to, for this reason.
30
bouldering / Re: Bring out your dabs
« Last post by ToxicBilberry on Yesterday at 02:17:11 pm »
It's a hard call, on one hand should she be ritually humiliated online by a gang of SJW's, or on the other, quietly taken off to the Gulag for her crimes?
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