Load remaining images For the past couple of weeks, an all-star crew of musicians have been on the road touring in celebration of The Last Waltz and its 40th anniversary. The final concert by The Band is known as one of the best live performances of all time, and artists like Warren Haynes, Don Was, Michael McDonald, Terence Higgins, Jamey Johnson and John Medeski have all come together in its honor.Last night, the band brought their wares to the Palace Theatre in Albany, NY, treating fans to classic tunes from The Band’s catalog. The Band organist Garth Hudson joined in for his first of two nights of the tour. Thanks to YouTube user Sean Roche, you can watch the majority of the show in the videos below.Cripple CreekStage FreightLife Is A CarnivalThis Wheel’s On FireKing HarvisCaravanHelplessRag Mama RagForever YoungThe Weight with Garth HudsonI Shall Be ReleasedGarth Hudson Organ Solo and Chest FeverCheck out our full gallery below, courtesy of Dave DeCrescente.The Last Waltz 40th Anniversary @ Palace Theatre
In May, prime minister Theresa May announced the first wave of a number of “missions” intended to tackle the “grand challenges” of the most pressing global issues of our time. One in three babies born today in the UK will live to 100 years old, according to latest estimates.The UK is not exceptional in this regard: As societies age, supporting a 100-year life raises immense challenges as well as creating new opportunities. The financial services industry can play its part, but it may require some radical re-engineering to do so.Last week, Dawid Konotey-Ahulu, co-founder of UK investment consultancy Redington, led a delegation of senior UK financial executives – including a number of CEOs of leading UK insurance companies and fund managers, industry experts and innovators – to a meeting at the UK prime minister’s residence, 10 Downing Street.The objective was to consider new collaborative efforts to tackle the issues related to an ageing society. It requires disruptive innovation, and government and industry need to work together to collectively tackle one of society’s greatest challenges: to improve the number of years that people can expect to live healthy, independent and resilient lives, matching quality-of-life improvements to increasing longevity. The UK government is looking to industry for answersThe first mission set for the Ageing Grand Challenge is “to ensure that people can enjoy at least five extra healthy, independent years of life by 2035, while narrowing the gap between the experience of the richest and poorest”.This requires efforts across a number of ‘pillars’: health and care; work and engagement with society post-retirement; homes, families and communities; and – critically – finance and the economy.These ideas are applicable throughout all developed countries, and even many emerging economies. Financial services play a critical role in supporting people to be financial secure across the 100-year life, but many would question whether the industry as it stands is fit for purpose.Industry leaders recognise this, but struggle to collaborate to achieve the solutions required to tackle key issues: How will the 100-year life change individuals’ financial needs as they age?How could financial technology and new uses of data disrupt the existing eco-system?How can financial services integrate with other ageing-related sectors?How can integrated financial products be designed to meet the needs of all people in future?How can we ensure people have affordable and timely access to the right financial products?Delving deeper into what is currently on offer today from the financial services industry, there are specific sub-challenges:How can it be ensured that every customer receives fair value on their investments?How can investments that offer poor value be eliminated?How can people be allowed to access all of their finance-related information on their smart devices, to help make informed choices?How can people be rapidly and effectively educated about their options and responsibilities to prepare for the 100-year life?How can financial services products be tailored to specific care needs in later life?If returns on most investments are likely to be less than 5% in real terms for the indefinite future, the financial services industry faces real challenges. Many products currently offered to the mass retail savings market have all-in costs that may be 2% a year or higher. Indeed, for many products, the returns after all costs are more likely to be negative in nominal terms.Encouraging people to save in this environment may be a fool’s errand. Yet not encouraging them to save places too high a burden on the state to provide out of general taxation, in a scenario where dependency ratios are rising.Something has to change. Redington’s initiative to try to get the industry to collaborate on these key issues is laudable. If governments and the industry wish to prepare for 100-year lives, no one company can hope to even understand the issues and opportunities, let alone create all the solutions.The challenge for the industry, though, is that the scale of disruption required may lead to many companies going the way of Kodak, Blockbuster and BHS – unless they make some bold decisions that may result in speeding up the destruction of their own existing franchises.
The U.S. Army Corps of Engineers, Jacksonville District, awarded a $9.5 million contract to Marinex Construction, Inc. for the next scheduled renourishment of the St. Johns County Shore Protection Project.According to the Corps, the project will renourish critically eroded shoreline between the southern limits of Anastasia State Park (8thSt.) in St. Augustine Beach.“This project exemplifies the great partnership between the Corps and St. Johns County,” said Project Manager Jason Harrah. The cost share is 80.5% federal and 19.5% non-federal.Construction is expected to begin in November and will last for approximately three months. The contractor will place approximately 800,000 cubic yards of beach quality sand from the navigation channel and ebb shoal onto eroded areas.The purpose of the project is to mitigate for down-drift shoreline impacts caused by the federal navigation channel at St. Augustine Inlet, and provide storm damage reduction for upland development.A community meeting is scheduled for Thursday, November 2nd at 6 p.m. at the St. Augustine Beach City Hall. The purpose of the meeting is to provide information about the project, and any potential impacts to the area. A brief presentation will be followed by a question and answer period.[mappress mapid=”24416″]