Though it wasn’t originally on the schedule, Warren Haynes treated fans to an incredible solo set at Mountain Jam earlier this summer. When Gary Clark Jr. had to cancel his performance for personal reasons, it was Haynes who stepped up and delivered a monumental set at the Hunter Mountain event.Thanks to Mountain Jam, we now have some pro-shot footage to share from this great performance. The festival released three professional videos, including covers of U2’s “One” and George Harrison’s “Give Me Love (Give Me Peace On Earth),” as well as the traditional “Railroad Boy.” Check out all three videos, streaming below!OneRailroad BoyGive Me Love (Give Me Peace On Earth)
The UK pensions industry has begun digesting the surprise announcement by the government to overhaul the way it taxes and restricts savings in defined contribution (DC) vehicles, with warnings on the implications for defined benefit (DB) savers.Yesterday, in his annual Budget speech to Parliament, chancellor George Osborne announced a raft of changes to the DC at-retirement market.A tax surcharge on DC savers accessing the full value of their savings is to be removed, as is the compulsion for pots to be annuitised.However, in its policy consultation, the government said it needed more detailed analysis on whether to allow DB savers the same allowances. It has already moved to block the DB savings to DC vehicles in the unfunded public sector pension scheme, and may spread this across funded DB schemes.John Ball, head of pensions at consultancy Towers Watson, said: “The government is thinking about going further and erecting a wall between private sector DB and DC schemes in order to avoid suppressing demand for Gilts.”The impact on DB investments was a key concern in the consultation released by the government.With UK schemes being vast owners of government debt, as well as corporate bonds, any need for trustees to shift assets to maintain appropriate cash levels to match bulk outflows would hamper growth and liability-matching assets.“Given that the stock of defined benefit liabilities and assets exceeds £1.1trn (€1.3trn), even relatively small changes to this stock could have a significant impact on financial markets,” the government conceeded in yesterday’s annoucement.Ball also said the removal of the need to annuitise would require DC pension schemes to overhaul current investment strategies.“Where savers do not make investment decisions themselves, the strategy is usually to protect them against swings in annuity prices as they approach retirement,” he said. “It could be back to the drawing board.”While industry reactions to the Budget announcement were generally positive, the National Association of Pension Funds (NAPF) said the move was “perplexing”.The pension fund lobby group’s chief executive, Joanne Segars, pointed to a contradiction between auto enrolment, the flagship policy to increase pensions coverage, and allowing savers unrestricted access to their pension.“Experience tells us that people are often ill-informed and make poor decisions about financial planning for old age,” she said.“It is concerning there appears to be little robust modelling to reassure us the government has understood the risk that a number of people will run through their pension pots far too quickly.“We fear these reforms, without careful scrutiny, will leave a large swathe of people vulnerable to poverty in old age.”However, on the other side of the table, the Society of Pension Consultants fully backed the government proposals, calling them a “breath of fresh air”.President Roger Mattingly said: “In one fell stroke, [Osborne] has broken down the barriers to the customisation of individual benefits for those living in increasingly modern circumstances.”Jan Burke, a partner at consultancy Aon Hewitt, admitted the firm was concerned running costs for DC schemes would increase.“There is an inevitable need to review administration, scheme design and in particular the default design, as well as the additional communications to members who will need to understand their new options and how this might influence their investments,” he said.
While Tajh Boyd’s record-setting performance on Saturday spells problems for Syracuse’s defense going forward, the game presented a bigger issue on the other side of the ball.Out of eight completions by Terrel Hunt and three by Drew Allen, zero was caught by wide receivers.Zero.For senior Christopher Clark, junior Jarrod West and junior Jeremiah Kobena, the entire game was played under Clemson’s blanket of a secondary.Their inability to create space paralyzed Hunt, but the sophomore’s problems could be remedied by the fall. For him — or whoever’s under center next fall — help is on the way.AdvertisementThis is placeholder textWideouts K.J. Williams, Corey Cooper and Jamal Custis have each verbally committed to the Orange for 2014, and could be the antidote to the team’s receiving woes. Williams is an all-around athlete that has seen success as a cornerback. Custis is a big-framed receiver with deceptive speed. Cooper is praised for his route running and ability to catch anything that is thrown at him.For a receiving corps that lost Alec Lemon and Marcus Sales at the end of last season, its future is far more promising than its current build.“They are going to make an impact as soon as they step on campus,” said A.J. Long, a quarterback who’s also committed to Syracuse for 2014. “These are big receivers that can run and are physical.“If you look at the Clemson game, the guys coming in aren’t going to let (defensive backs) push them around because they are stronger than the receivers Syracuse has.”After narrowing his decision down to Syracuse and Michigan, Williams was coaxed by his cousins Long and West to choose SU.A four-star recruit per Scout, he is the Orange’s highest-rated recruit since current sophomore Ron Thompson. At Liberty (Pa.) High School, the 6-foot-3, 190-pound receiver has excelled on both sides of the ball.Liberty head coach John Truby said that with Williams, Syracuse is getting a pure athlete that can do whatever he pleases on the field.“Sometimes it seems like he’s a better cornerback,” Truby said. “Here’s a guy that can make any play he wants as a receiver and then turn around and shut down some of the best receivers in the state.”While Custis’ 6-foot-6 frame is certainly something he uses to his advantage, his greatest asset is his speed. Scout reported that Custis runs a 4.37 40-yard dash, which would have made him the fourth fastest receiver at the 2013 NFL Draft Combine.Still, Custis’ height — which will in all likelihood make him the tallest receiver on SU’s roster in the fall — is an attribute that shouldn’t be pushed aside. His rare combination of strength and speed has pegged him as a possible walk-on to the Syracuse basketball team next season, an opportunity “he’ll have to think about when he gets there.”For now, he’s focusing on turning his physical gifts into success on the football field.“I use my height and my speed to just pick on cornerbacks,” Custis said. “QBs can throw it higher because I always have a height advantage, I can beat guys and let’s say I’m in the back of the end zone, I can use my strength and my size to just go up and get it.”Originally recruited out of Millbrook (N.C.) High School in the class of 2013, Cooper is currently a fifth-year senior at Jireh Prep (N.C.), where he plans to academically qualify to arrive at Syracuse in January.Cooper, a three-star recruit and the smallest of the three, chose SU instead of Miami (Fla.), Oklahoma State, Louisville and Tennessee, among other quality programs.Although Ken Helms was new to the Millbrook football staff last season and only got to watch Cooper play for a brief period of time, he was immediately impressed with the “quiet and unassuming” playmaker.“What stood out to me was his strong hands in traffic,” Helms said, “he could go up and get it.”When asked about playing with these three receivers starting next fall, all Long could do was laugh.Signing to a major-conference Division I program was one thing, but having them join him took his excitement to a new level.Said Long: “It’s a dream come true knowing these guys are coming. They’re all great players.” Comments Facebook Twitter Google+ Published on October 7, 2013 at 9:59 pm Contact Jesse: [email protected] | @dougherty_jesse