The Red Roof / TAA DESIGN

first_imgArchitects: TAA DESIGN Area Area of this architecture project Projects Year:  Save this picture!Courtesy of TAA DESIGN+ 33Curated by Paula Pintos Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/927835/the-red-roof-taa-design Clipboard Houses 2019 Vietnam “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/927835/the-red-roof-taa-design Clipboardcenter_img Architect In Charge:Nguyen Van ThienDesign Team:Nguyen Van Thien, Nguyen Huu HauCountry:VietnamMore SpecsLess SpecsSave this picture!Courtesy of TAA DESIGNRecommended ProductsDoorsECLISSESliding Pocket Door – ECLISSE LuceWoodBruagBalcony BalustradesEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornWoodSculptformTimber Click-on BattensText description provided by the architects. The project is a small house in an area of ​​80m2. The site is located on the main road of the village. Urbanization has changed the architecture and living space of this village. New houses with styles that one can easily find in big cities have disrupted their familiar landscape and lifestyle. The house is meant for a married couple over 50 who has been living in this rural area since they were born. In the search of a new appropriate typology for the context, we are convinced that adapting the new architecture based on the traditional cultural lifestyle of the couple is the most important task.Save this picture!Courtesy of TAA DESIGNVegetable garden, playground and connecting space.Connecting with nature, daily activities are gardening, paddy drying, etc. Vegetable gardens and multi-purpose playgrounds become the soul of houses in this village. In a small site, the ground floor needs a lot of complex functions, including bicycle repair space, living room, kitchen, traditional outdoor wood stove, bedrooms, toilets, paddy drying yards, rice warehouse, chicken yard, etc. We proposed small courtyards in the front, middle and back of the house, to connect indoor spaces with nature. Instead of having a large yard like other houses in the village, we create many courtyards with different heights, suitable for the height of the house structure. On the mezzanine floor, there is a small yard connected to the yard in the middle of the house.Save this picture!Courtesy of TAA DESIGNSave this picture!AxoSave this picture!Courtesy of TAA DESIGNThe rooftop garden is adjacent to the courtyard of the mezzanine floor, creating a playground & vegetable garden that connects from the roof to the ground floor. The products from the garden go directly to everyday meals, fresh and always available. The couple has happy hours together growing their own food, and a lot of times, sharing their products with the neighbor families, unexpectedly, the architecture has been generating community social interactions as its by-product. The rooftop garden also has the role of insulating the house. The internal temperature is significantly reduced compared to the corrugated steel roof.Save this picture!Courtesy of TAA DESIGNRural architectural typology. In Vietnamese traditional landscape, “the red roof” house represented for a time of regional local architecture. However, now new multi-story houses with steel roofs seem to have lost the identity of the village landscape. The stair-step method reduces the height of the façade, helps urban space is not overwhelmed and creates a comfortable slope. This establishes the communication between the space on the roof and the space under the road. “The red roof” has the intent to keep, store and remind the familiar rural lifestyle.Save this picture!Courtesy of TAA DESIGNProject gallerySee allShow lessChimneys, Overhangs and Anchors: The Architecture of Climbing GymsArticles3XN, B+H and Zhubo Win Competition to Design the New Shenzhen Natural History MuseumArchitecture News Share Area:  190 m² Year Completion year of this architecture project The Red Roof / TAA DESIGN “COPY” ArchDaily CopyAbout this officeTAA DESIGNOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesIcebergOn FacebookVietnamPublished on November 26, 2020Cite: “The Red Roof / TAA DESIGN” 26 Nov 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore products »Save想阅读文章的中文版本吗?红色屋顶,越南传统农村住宅 / TAA DESIGN是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream CopyHouses•Vietnam The Red Roof / TAA DESIGNSave this projectSaveThe Red Roof / TAA DESIGNlast_img read more

Wednesday people [updated]

first_imgUniversities Superannuation Scheme, Lancashire County Pension Fund, London Pension Fund Authority, ABP, Financial Reporting Council, Hermes Investment Management, State Street, Columbia Threadneedle Investments, Bfinance, Principal Global InvestorsUniversities Superannuation Scheme – Sir Martin Harris has stepped down as chair of the trustee board after nine years in the role.He officially stepped down at the end of March, with the scheme set to announce his successor in the coming days.Harris joined the UK’s largest scheme as a director in April 1991, when he served as vice-chancellor of the University of Essex.He became deputy-chair of the £41.6bn (€57bn) pension fund in 2004, taking over as chairman two years later.The university employers representative, Universities UK (UKK), initially appointed Harris to the trustee board in 1991, before he went on to lead the organisation in 1997.LCCP/LPFA – William Bourne has been appointed chair of the Local Pension Boards (LPB) for both the Lancashire County Pension Fund and the London Pension Fund Authority. The local government pension schemes (LGPS) are currently creating an asset-liability partnership to run the funds jointly. However, Bourne will sit on two separate LPBs. The boards, which must be established at all LGPS by April, have independent oversight of the schemes and sponsoring councils, and must ensure compliance with LGPS regulations. Bourne has more than 30 years’ experience in pensions and also advises the Royal County of Berkshire and East Sussex local government funds.ABP – Huub Hannen has been appointed chairman for the supervisory board (RvT) at the €344bn civil service pension fund. Hannen has had a 38-year career in the co-operative insurance sector. Over the last 13 years, he has been a member and vice-chairman of the executive board at Achmea, focusing on life and pensions, finance, investment, re-insurance and care insurance. Hannen was nominated by the pension fund’s accountability unit. ABP has had an RvT since 1 July 2014, as a consequence of new legislation for pension fund governance. The RvT also consists of independent experts Kitty Roozemond, Anneke van der Meer, Nicolette Loomen and Peter de Groot. Financial Reporting Council – Jennifer Walmsley has been appointed director of investor engagement, joining from Hermes Investment Management. Walmsley will be responsible for communicating with investors and developing policy to support the FRC’s aims. At Hermes, Walmsley was director of engagement.State Street Global Advisors (SSgA) – Ronald O’Hanley has been appointed president and chief executive of the asset management arm of State Street. O’Hanley’s appointment comes after the announcement of current chief executive Scott Powers’ intention to retire later this year after seven years in the role. O’Hanley, who joins from Fidelity Investments, will take over the role in the coming days, working with Powers as part of a handover. He was president of asset management and corporate services at Fidelity, and has previous experience at BNY Mellon Asset Management.Columbia Threadneedle Investments – Florian Uleer has joined the newly branded asset manager as its country head for Germany. Based in Frankfurt, Uleer will join in July from Schroders, where he was a senior sales manager. Prior to Schroders, he worked at Union Investment Institutional, where he was responsible for German institutional clients.Bfinance – Witold Witkiewicz and John Amoasi have joined the investment consultancy as a director in private markets and a senior associate in the fixed income team, respectively. Witkiewicz was previously a portfolio manager at Aeriance Investments, a real estate debt investment platform. He has also been head of European credit at Woodbourne Investment Management, a hedge fund. Amoasi joins from Goldman Sachs Asset Management, where he was a product manager for multi-sector and absolute return fixed income strategies.Principal Global Investors – Helly Pilavachi has joined as director of European fund distribution for French-speaking Europe. She joined the firm’s London office in January and was previously director of European sales at JO Hambro Capital, responsible for Southern Europe.last_img read more

Football News Eden Hazard scores twice, gives perfect farewell gift to Chelsea with Europa League title win over Arsenal

first_imghighlights For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps. Baku: Eden Hazard scored twice and then admitted it was his parting gift as the Belgian’s brace helped Chelsea sweep away Arsenal to win 4-1 in the Europa League final in Baku. This match started at 11 pm local time on Wednesday in Azerbaijan, but it was Thursday by the time it came to life with a flood of second-half goals started by Olivier Giroud’s 49th-minute opener against his old club. Hazard then set up Pedro Rodriguez for Chelsea’s second before grabbing a double of his own — including a penalty — either side of Alex Iwobi’s consolation for Arsenal.     The Belgian is widely expected to leave Chelsea for Real Madrid after seven years in England, and this was the perfect way for him to bow out. “I think it is a goodbye, but in football, you never know,” the 28-year-old told BT Sport. “My dream was to play in the Premier League and I have done that for one of the biggest clubs so maybe now it is the time for a new challenge.”RELATED     It is his, and Chelsea’s, second Europa League this decade, while it is Maurizio Sarri’s first major trophy as a coach. “I am really very happy but the trophy is very important for the club,” Sarri said. “In the Europa League we played 15 matches, won 12 and drew three, so I think we deserved to win it.”      Chelsea will be back in the Champions League next season, but there will be no return to Europe’s top table for Arsenal. Unai Emery’s side had to win here to qualify, yet they were not good enough on a bizarre night. Emery was hoping to win this competition for the fourth time. He will get another chance next season, but for now, Arsenal’s 25-year wait to bring back a European trophy to north London goes on.     “We tried and we worked but Chelsea were better than us and congratulations to them,” Emery said. Chelsea will remember their evening with fondness, as will Sarri, who 24 hours earlier had stolen the headlines when he angrily stormed off the pitch here during a training session in front of the television cameras.     “Sarri is a great guy, a great coach and he deserves this,” said David Luiz of his coach.     Empty seats     The few Chelsea supporters who came will not forget their night, but the fact there were reportedly only around 1,300 in Azerbaijan will be a source of regret for the club. UEFA’s decision to play the game here had been heavily criticised, with the difficulty and cost of coming to the shores of the Caspian Sea preventing many fans from travelling and meaning Arsenal’s Armenian midfielder Henrikh Mkhitaryan was controversially absent.     Azerbaijan’s President Ilham Aliyev was in the crowd, but there were thousands of empty seats in a stadium which holds almost 70,000. That meant that, far away from the blood and thunder of a typical derby fixture, this had the feel of an end-of-season exhibition match on a foreign tour, for much of the first half anyway. The players seemed short of rhythm in a match played two and a half weeks after the Premier League season ended.     It came to life though, with a moment of controversy when referee Gianluca Rocchi dismissed Arsenal appeals for a penalty as Alexandre Lacazette went down under goalkeeper Kepa Arrizabalaga’s challenge.     Giroud strikes again     Granit Xhaka then saw his powerful strike from 25 yards graze the crossbar as the half-hour approached. Only after that did Chelsea stir, but Petr Cech — in his final match before retiring — blocked Emerson Palmieri’s shot and denied Giroud at the end of a fine move. However, as the clock ticked past midnight after a goalless first half, Chelsea went ahead when Giroud stole in front of Laurent Koscielny and stooped to head home Emerson’s cross.     It was his 11th goal in this season’s competition, and there was to be no comeback from Arsenal, with Chelsea quickly putting this final beyond their opponents’ reach as Hazard took over. He set up Pedro for a clipped finish beyond Cech and into the far corner on the hour mark, and five minutes later Hazard calmly rolled in a penalty awarded after Ainsley Maitland-Niles barged into Giroud.     Substitute Iwobi’s sublime volleyed reply followed, but Arsenal had left themselves with too much to do, and Giroud and Hazard combined brilliantly for the latter to get his second and Chelsea’s fourth in the 72nd minute.center_img Eden Hazard and Olivier Giroud scored for Chelsea against Arsenal.Chelsea has qualified for next season’s UEFA Champions League.Arsenal has not qualified for the UEFA Champions League.last_img read more

O’Riordan signs for Sydney Swans

first_imgThe Templemore man was a regular on the Tipperary senior football team and he captained the Tipp Under 21 footballers to this years Munster football title before his move down under.Former Kerry footballer Tadhg Kennelly is the AFL’s international talent coordinator and organised the presence of the JK Brackens man at the AFL Draft Combine in Melbourne.Colin will return to Tipperary on Monday but will be signed to the Sydney Swans for two years.last_img

Friday July 19th Local Sports

first_img=== SATURDAY– AM-1300 KGLO, kgloam.com — 1A district baseball — Newman vs. West Fork — 7:00 first pitch MASON CITY — District championship games will take place in Classes 1A and 2A tomorrow night:== In Class 1A District 4, top-ranked Newman hosts West Fork. The Knights are 33-3 on the season after beating Central Springs 12-2 in the district semifinal on Tuesday. West Fork advanced to the district championship with a 10-2 win over North Iowa. Newman beat West Fork 12-2 back on July 10th. You can hear the Newman-West Fork game on AM-1300 KGLO and kgloam.com starting at about 7 o’clock. The winner will face either Sioux Central or Newell-Fonda in the substate final in Algona on Tuesday.== In Class 1A District 5, St. Ansgar hosts North Butler. The Saints are 24-9 after downing Rockford in the district semifinals on Tuesday, while the Bearcats are 13-9 after slipping past Janesville 6-5 in the other district semifinal. St. Ansgar took a 9-0 victory from North Butler back on May 28th. The winner will face either Wapsie Valley or South Winneshiek in the substate championship game in Decorah on Tuesday.== In Class 2A District 3, Osage travels to 7th-ranked New Hampton. The Green Devils are 18-6 after beating Forest City 8-5 in the district semifinals on Tuesday. New Hampton comes in at 26-9 after a 3-0 win over Lake Mills in the district semifinals. The winner will face either Cascade or Oelwein in the substate championship game in Waverly on Tuesday. MINNEAPOLIS (AP) — Pinch-hitter Eddie Rosario drove a go-ahead, three-run homer on the first pitch from reliever Yusmeiro Petit in the seventh inning and the Minnesota Twins beat the Oakland Athletics 6-3. With one powerful swing, Rosario produced the first pinch-hit homer of the year for the Twins and helped snap their season-high three-game losing streak. Mitch Garver and C.J. Cron each went deep in the eighth to pad the lead. WAVERLY — Class 3A baseball teams have district semifinals tonight. In Waverly, Clear Lake will face Charles City in the first of two games, followed by Waverly-Shell Rock hosting Hampton-Dumont-CAL. Clear Lake is 15-14 on the season, beating Charles City in the season opener 14-4. Charles City is 16-16, having finished third in the Northeast Iowa Conference. You can hear the Clear Lake-Charles City game on AM-1490/96.7-FM KRIB and kribam.com — the start time has been changed due to the excessive heat warning. This game will now start at 6 o’clock. The Waverly-Shell Rock and Hampton-Dumont-CAL game is now scheduled for an 8 o’clock first pitch. The winners will face each other in the district final in Waverly on Monday. THIS WEEKEND:=== FRIDAY (The following games have time changes due to the Excessive Heat Warning)– AM-1490/96.7-FM KRIB, kribam.com — 3A district baseball at Waverly — Clear Lake vs. Charles City — 6:00 first pitch– AM-1300 KGLO, kgloam.com — 4A substate baseball — Mason City High vs. Des Moines Lincoln — 8:00 first pitchcenter_img MINNEAPOLIS (AP) — The Minnesota Timberwolves have signed rookie center Naz Reid to a multiyear contract. This upgrades the two-way deal they initially gave him before a strong performance for the team’s entry in the NBA Summer League in Las Vegas. The new contract all but ensures that Reid will be on the regular-season roster after going undrafted out of LSU. The 6-foot-10, 250-pound Reid averaged 11.9 points and 5.4 rebounds in 18.6 minutes over seven Summer League games. MASON CITY — 10th-ranked Mason City opens up substate baseball tournament play at home against Des Moines Lincoln tonight. Mason City is 24-14 on the season, having won six of their last nine contests, including splitting a doubleheader earlier this week with 4th-ranked Ankeny Centennial and blowing out Clear Lake. Lincoln comes in with a record of 15-23. You can hear the Mason City-Des Moines Lincoln game tonight on AM-1300 KGLO and kgloam.com — the start time has been changed due to the excessive heat warning. First pitch at Roosevelt Field is now scheduled for 8 o’clock. In the other games in Class 4A Substate 2, 7th-ranked Des Moines Roosevelt hosts Des Moines Hoover while Fort Dodge is at Ankeny. NEWTON — The Indy cars return to the Iowa Speedway this weekend and officials are still looking for a sponsor for the race in the future. Sponsored by Iowa Corn since the first race back in 2007 Saturday night’s event will be called the Iowa 300.That’s Iowa Speedway President David Hyatt who says replacing a long-time sponsor is difficult.Hyatt says there are some prospects for sponsorship down the road.The weekend of action begins Friday night with an ARCA Menards Series race.last_img read more

DONEGAL COUNTY BOARD CONFIRMS €17,800 STOLEN FROM ITS BANK ACCOUNT

first_imgTHE DONEGAL County Board has tonight confirmed that €17,800 was stolen from its bank account during the summer.An official said thieves had hacked into the Board’s details and transferred the money into an account in England.The money was then withdrawn from the English account. The incident is believed to have happened in early August and an investigation involving both Gardai in Letterkenny and police in Reading has been under way “for some time.”It’s not clear if the Bank of Ireland is liable for the transfer. DONEGAL COUNTY BOARD CONFIRMS €17,800 STOLEN FROM ITS BANK ACCOUNT was last modified: November 13th, 2013 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:bank accountdonegal county boardtheftlast_img read more

Help for homeless children

first_imgJanine ErasmusStreet children in South Africa face an uncertain future. With no more shelter than a cardboard box and a newspaper, and with the danger of exploitation, disease, hunger and thirst, injury and even death never far away, these youngsters often have to resort to a life of crime just to survive – and in our crime-ridden society there is not much sympathy for their plight.Fortunately there are several agencies and organisations working towards giving street kids a better life, one of which is the UK-based Pegasus Children’s Trust (PCT). It is run by Judy Westwater who was herself once a homeless child living on the streets of South Africa, so she understands better than most what children such as these endure, and what they need.Motivated by her own harrowing experiences and determined to extract meaning out of them and apply it to her life today, Westwater set up the PCT in 1991 with the vision of improving the lot of street kids, giving them a better quality of life, and helping to restore their sense of self-worth. Now resident in Inverness, Scotland, she is a frequent visitor to South Africa and to date seven centres have been opened across the country to provide homeless children with essential facilities that most people take for granted – shelter, food, and clothes.In a previous interview with a Scottish newspaper, she said, “We have taken 4 000 children off the streets since 1991, but there are so many more that need help. Without our help, they will just die. We are trying very hard to open the world’s eyes to what the problems are. These kids are looked at by many and seen by no one. People believe that street kids are a problem for someone else, but when they are just children, they are a problem for us all.”Not only does the PCT care for homeless children but it also schools them and helps them train for jobs and find work, encouraging and equipping them to ultimately move into their own accommodation and stand on their own feet in the world. Children of all ages are taken in, and the project has a 90% success rate.“We have many successful stories,” Westwater says. “It can be something as small as a child totally insular and terrified on first contact, after much care running to hug me with a huge smile on their face. Or it could be a struggling youngster trying desperately to fulfil potentials and goals and becoming downhearted at the response from blinkered individuals – but never losing faith and still working hard.“One example is my student Puleng Mabaya, a vulnerable child from Soweto who wants so badly to be a special lighting and theatre technician. I have been working alongside Puleng and now, to cut a long story short, she is in Glasgow and is attending Glasgow’s prestigious Drama College for three years on a scholarship. My charity is paying all her other expenses. So success comes in a variety of ways.”Music and dramaOne of Westwater’s weapons in the fight to help homeless children is arts and culture. Art forms such as music and drama can cut through barriers put up by even the most deeply wounded souls, and for children who are unable to respond to conventional forms of communication she has used the principles of drama to develop a method of reaching out to them and penetrating their suffering. Drama is an extremely valuable form of self-expression and can be a powerful outlet for pain and strong emotion, while at the same time offering a therapeutic and creative way for children to have fun, work together, act out their fears and sorrows, and explore their individuality.Another of her current projects is the creation of a “junk orchestra” for the children. This will see them playing on instruments made with their own hands from discarded rubbish, proving to them that even out of rubbish, beauty can be created – an analogy that can be applied to their own rough existences. It is her dream to see the orchestra perform at two of the greatest sporting events in the world – the 2010 Fifa World Cup, hosted by South Africa, and the 2012 Olympics in London.She says, “Our plans for the junk orchestra are firstly for the kids to have fun. These kids will be chosen from the street child projects I am involved with in Hillbrow and also Langa in Cape Town. My mission is to help keep burning bright the flame of love and hope within each street child; and to help open the world’s eyes to the plight of its forgotten street children.“Street kids believe they are rubbish – easily used, easily discarded. I want to show them and the rest of the world that rubbish can be looked at in another way. As I say to the kids, if you can make music out of rubbish, there is nothing in this world you cannot achieve.”The children will obtain their materials from scrapyards and will be looking for the likes of hubcaps, tyres, exhaust pipes, washing machine parts – in fact, anything that makes a sound.“We will teach them how to make the musical instruments,” explains Westwater. “The kids then will make their own music along with lessons from our music teacher. We have 10 of our most vulnerable kids taking music lessons with the Johannesburg Philharmonic Orchestra (JPO) and it is hoped that these kids will eventually form the backbone of the junk orchestra. Plans are that the orchestra will play at the 2010 opening ceremony, and then we will take them over to London and share the stage with our vulnerable London kids for the opening ceremony of the 2012 Olympics.”She hopes the JPO and the Royal Philharmonic will join forces and give the young musicians professional support during their musical journey.Years of neglectWestwater’s own story began in Manchester, England, when at the age of three she was taken to live with her deranged father – ironically, he was a preacher – and his girlfriend. For the next two years he seriously neglected her, often locking the child in the back garden for extended periods and leaving her with no choice but to scavenge for sustenance, although the façade he presented to the community was that of a loving family man. Barely out of toddlerhood, she was put into an orphanage that was unimaginably strict and presented her with just as dismal a life – and it wasn’t long before she found herself back with her father.Later the family moved to South Africa but the situation did not improve and the unhappy child even ran away to join the circus and spent several weeks with them before her father tracked her down and dragged her away.She had to wait until she was 12 before an opportunity came to escape her father’s cruelty. In the early 60s in apartheid South Africa it was unthinkable that a little white girl should be homeless, but the streets of Hillbrow, Johannesburg, were to be her home for the next few years. She found some employment in cafes and this enabled her to scrape together enough money to take her back to England. In the meantime she had made a promise to herself that was to bear fruit in years to come.“I made a pledge at the age of 12, as a street child, that one day I would go back and help change things for kids like me. This has been my lifelong passion, the very existence of my soul. I will do anything to aid the desperate plight of as many street children I can.“I am fully aware of the physical, material and spiritual trauma each child faces on a daily basis. And who better to help them find the tiniest flickers of positive lights and then to hold their hands as they find the right keys to open their own doors, than someone who has been there alone?”After her return to the country of her birth she married and raised a family, and became a teacher of drama and theatre arts, opening a group of drama schools in England. Her husband died in 1991 – without knowing anything about her ordeal as a child – and left her a small legacy, which she used without hesitation to take a step towards fulfilling her pledge and opening the first Pegasus Trust Centre in South Africa’s largest township, Soweto, west of Johannesburg.Revealing the secretWanting to protect her family from her past, she had kept the truth of her abysmal upbringing from everyone in her life until a friend persuaded her to reveal her secret, which she did on national radio in 2004. Since then her heart-wrenching story and her work have come to the attention of millions around the world. In 2006 her memoir, titled Street Kid, was published. The book reveals her traumatic childhood years and was a bestseller across the globe.Her new book, titled Street Kid Fights on: She Thought the Nightmare Was Over, is due for release in early 2008. “This book really covers my life from where Street Kid left off – the difficult times I had and the way I finally found myself and was able to work on the projects in South Africa.”In 2002 there were 250 000 children living on the streets of South Africa, according to a document published by South African representatives attending the Civil Society Forum for East and Southern Africa on Promoting and Protecting the Rights of Street Children – organised by the UK-based Consortium for Street Children.Ongoing factors such as poverty, overcrowding at home, and the increasing scourge of AIDS, which leaves children orphaned and having to fend for themselves, continue to push up the numbers. Through Westwater’s work many of these children who may otherwise have been doomed to an unthinkable way of life or even an early death have been given a chance to make something of their lives.Do you have queries or comments about this article? Email Janine Erasmus at [email protected] linksStreet Kid websiteTwilight ChildrenI CareOthandweniThe Consortium for Street Childrenlast_img read more

How to halt Zim hyperinflation?

first_imgZimbabwe’s official annual inflation rate reached 231 million percent in early October, from the July estimate of 11.2 million percent, and the deadlock in talks between the ruling Zanu-PF and opposition parties is likely to push the rate higher.How to understand such hyperinflation? And what to do about it? According to a new discussion document by the UN Development Programme (UNDP) entitled Comprehensive Economic Recovery in Zimbabwe, Zimbabwe’s economic meltdown has deep roots, exacerbated by the disastrous political and economic policies of the current regime. But with political change and some strong medicine, the hyperinflation could be halted in 12 years.Several attempts by President Robert Mugabe’s government to bring down inflation – including lopping off 10 zeroes from the currency, introducing a new currency, and price controls – have failed to put brakes on the multimillion-percent inflation rate.Independent economists have estimated the real inflation rate at billions of percent.Causes Zimbabwe’s financial malaise is not seen as a direct consequence of Mugabe’s 2000 fast-track land reform programme, in which more than 4 000 white-owned farms were redistributed to landless black people. It is rather a series of injudicious decisions overlaying structural economic weaknesses inherited from the former Rhodesia that are being amplified.At independence Mugabe’s government inherited a dual economy “characterised by a relatively developed and diversified formal economy sitting alongside a neglected and underdeveloped peasant-based subsistence rural economy,” according to the UNDP document.This dual economy has not been addressed by the ruling Zanu-PF during 28 years of power, and “with the collapse of the formal economy and the exponential growth of the informal economy both in urban and rural areas during the crisis period, the problem has deepened, with most economic transactions and units now operating outside formal systems,” the discussion document said.The trigger for the current hyperinflation environment “can be traced to the so-called ‘Black Friday’ crash of the Zimbabwe dollar on 14 November 1997, which was precipitated by the government’s unbudgeted payment of gratuities to veterans of the liberation war.“This was followed in 1998 by Zimbabwe’s participation in the conflict in the Democratic Republic of Congo, which further contributed to the ballooning fiscal deficit,” the UNDP document noted.Inflation rose from 19% in 1997 to 56% by 2000, when the land reform programme was launched – spearhead by the war veterans – so that by 2006 inflation was running at more than 1 000% and reached hyperinflation levels by 2007.“Zimbabwe’s inflation is fundamentally caused by excess government expenditure, financed by the printing of money in an economy with a real gross domestic product (GDP) that has been declining for the last nine years. Money supply growth has been completely decoupled from economic growth, the inevitable result being continued and accelerating inflation,” the UNDP said.Between 1998 and 2006 Zimbabwe’s GDP contracted by 37%, and by 2000 per capita incomes were lower than those in 1960.The document was produced by Dale Doré, director of Shanduko, a Harare-based non-profit research institute on agrarian and environmental issues, Tony Hawkins, Professor of Economics at the Graduate School of Management at the University of Zimbabwe, Godfrey Kanyenze, director of the Labour and Economic Development Research Institute of Zimbabwe, Daniel Makina, professor of Finance and Banking at the University of South Africa in Pretoria and Daniel Ndlela, director of Zimconsult, a Harare economic consultancy firm.Full recoveryThe authors agree that the medicine to reverse the ravages of the economic mismanagement is likely to be as painful as hyperinflation’s symptoms, and that the precursor of a pro-poor recovery would be “sound macroeconomic management”.“Full recovery, defined simply in terms of a return to the peak real per capita incomes of 1991, would take 12 years, assuming a bottoming-out of the decline in the course of 2008, and uninterrupted growth of 5% annually from 2009 to 2020,” the discussion document noted.“And, given that Zimbabwe is susceptible to drought – on average every three years – and that with the decline of commercial agriculture this vulnerability has increased, even the 5% annual growth in per capita GDP may be beyond the upper bounds of probability.”There is no one-size-fits-all remedy for hyperinflation, but there is consensus that delinking the political manipulation of the exchange rate and monetary systems is a prerequisite.Drastic measuresProfessor Steve Hanke of Johns Hopkins University in the US believes measures used internationally to restore economic confidence and rein in hyperinflation require “punishingly high” interest rates, causing slow GDP growth, stagnation of living standards and the worsening of poverty during the “stabilisation period.”Hanke contends in the UNDP discussion document that, should there be a political settlement in Zimbabwe, the new government has three options to consider: dollarisation, free banking, or a currency board, all of which have their pros and cons.Dollarisation or randisation – the rand is the monetary unit of South Africa – would entail one of the foreign currencies being made legal tender instead of the Zimbabwe dollar, which would die a natural death.However, the new government would “no longer have an independent monetary policy and set their own interest rates, but must ‘import’ the monetary policy of the country whose currency is chosen,” Hanke said in the discussion document.A second consideration is “free banking”, used in colonial Southern Rhodesia until 1940, in which private commercial banks issued currency notes with ‘minimal regulation’.The third consideration is a currency board, which would mean holding “foreign reserves equal to 100% of the domestic money supply determined at a fixed exchange rate … as a result, money supply, and thereby interest rates, are determined ‘entirely by market forces’.”Handing over “monetary policy to outsiders or even to market forces would be a high-risk strategy for a fresh administration,” the UNDP discussion document said, especially in the light of Mugabe’s consistent accusations that Zimbabwe’s economic decline was a result of “former imperialists” trying to recolonise the country.“Furthermore, the suggestion that Zimbabwe should abolish its central bank when much smaller regional economies – Lesotho and Swaziland – find it necessary to operate a central-bank system, even though they are members of the Rand Monetary Area, is unrealistic,” said the UNDP document.PovertyMeanwhile, the people of Zimbabwe are beginning to starve. After a succession of dismal harvests, attributed to environmental factors and political disruptions, nearly half of Zimbabwe’s citizens will require food assistance in the first quarter of 2009, according to the UN.Poverty has accelerated, according to the 2003 Poverty Assessment Study Survey (Pass II), from 55% of Zimbabweans living below the Total Consumption Poverty Line to 72% of the population by 2003, or an increase of about a third in eight years.A rider to Zimbabwe’s economic deterioration is the effect of the HIV/Aids pandemic, which UNAids and the International Monetary Fund calculate may decrease GDP growth rates by between 1% and 2%.About 1.6 million Zimbabweans between the ages of 15 and 49 years old are living with HIV/Aids, although prevalence of the disease declined from 20.1% in 2005 to about 15.9% by 2007.A political solution A precursor to any economic reform would have to be a political solution in Zimbabwe. The effect of the country’s unstable politics on hyperinflation was illustrated in the wake of elections this year, when the opposition Movement for Democratic Change won a majority in parliament for the first time since independence in 1980, and MDC leader Morgan Tsvangirai narrowly missed winning the presidency.“There is a widely held perception that the Zimbabwe dollar is seriously undervalued in the parallel market,” said the UNDP document. “The sharp 65% appreciation of the Zimbabwe dollar on the parallel market in the immediate aftermath of the 29 March 2008 elections suggests that this is, in fact, the case.”Should there be some sort of political settlement, the creation of an independent central bank under a new constitution was likely to be part of the public debate.“Given Zimbabwe’s unhappy recent history with a politically driven central bank, the economic case for RBZ [Reserve Bank of Zimbabwe] independence is very powerful,” the document noted.Whatever solutions are used to tackle Zimbabwe’s hyperinflation, its legacy will haunt the country for many years, and manifest itself in such areas as investor confidence – both local and international – and the rebuilding of “once strong” public institutions.Source: Irin News and MediaClubSouthAfrica.com reporterDo you have queries or comments about this article? Email Mary Alexander at [email protected] articlesZimbabwe moves forwardA holiday – in Zimbabwe? Useful linksUnited NationsUN Development Programmelast_img read more

Section 267A Deduction Disallowance: “Disregarded Payments”

first_imgA U.S. taxpayer that deducts a “disregarded payment” of interest or royalties to a related person may find its deduction disallowed under IRC §267A.Under proposed Treasury regulations, “disregarded payments” are interest and royalty payments that are not taxable income to the recipient. Specifically, they are payments that:are not considered received by the recipient under the tax law of the recipient; orwould be deductible to the recipient.IRC §267A disallows a deduction when there is a tax mismatch in a company’s worldwide corporate structure.This post discusses examples of “disregarded payments” as defined in the proposed regulations for IRC §267A.“Disregarded Payments” in Tax Hybrid ArrangementsSome foreign countries, as well as the United States, ignore a payment between entities in a corporate structure if one of the entities is a disregarded entity under its tax law. In other words, the payment is not regarded as income under the tax law because an entity doesn’t exist under tax law.Taxpayers have hybrid entities and hybrid transactions in their corporate structures that make payments in cross-border business activities that are disregarded in at least one country.These hybrid arrangements can exploit gaps in the tax laws of multiple countries, causing tax mismatch.Disregarded Payment Results in Tax MismatchIf disregarded or ignored payment is an interest payment under federal tax law, a U.S. taxpayer cannot deduct it, even though business interest generally is deductible.Example: Payments by Disregarded EntitiesUSC1 is a domestic corporation that is tax resident in the United States. FCX is a corporation organized in Country X. FCX owns all shares of US1. Under the law of country X, USC1 is a disregarded entity. FCX made a loan to USC1. USC1 makes interest payments to FCX on the loan.In a tax year, USC1 pays $100,000 in interest on the loan. That same tax year, USC1 also has $125 of gross income and $60,000 of deductible expenses.Under federal income tax law, the payment is interest on a debt to FCX, and USC1 could deduct the payment.Under Country X tax law, FCX includes the $125,000 in its income and deducts the $60,000 expense because USC1 is a disregarded entity. Since the $100,000 payment involved a single taxpayer, it is disregarded and not reported as income by FCX.However, under the §267A proposed regulations, the $100,000 payment is a “disregarded payment.” USC1 cannot deduct the $100,000 because it is ignored under Country X law.Disregarded Transactions Create Disallowed DeductionThe expenses of a related foreign corporation may be deducted from a branch’s income in determining its effectively connected income. If the deductions arise from transactions involving certain hybrid or branch arrangements, the disallowance rule can apply.Example: Payments in Disregarded TransactionsFCX1 and FCX2 are foreign corporations organized in Country X. FCX1 wholly owns FCX2, and the two corporations are a consolidated group under Country X tax law.FCX2 has a branch in the United States (USB).In a tax year, FCX2 pays $50,000 to FCX1. The $50,000 is treated as interest under U.S. tax law but, is a payment in a disregarded transaction between group members for Country X tax purposes.In addition, FXC2 pays $100,000 of interest to an unrelated bank.USB has gross income of $200,000. Country X law exempts income from a branch, so FCX2 has no income from USB in Country X. Under federal law, the $200,000 is income for USB since it is effectively connected to a U.S. trade or business.Under IRC §882, $75,000 of the interest paid to the bank FCX2 is allocable to USB’s effectively connected income (ECI). Of that $75,000, $25,000 is treated as paid by USB to FCX1. Interest payments on business debt are generally deductible.However, the remaining $25,000 of the interest payment is a “disregarded payment” under the proposed regulations. The transaction between USB and FCX1 that gave rise to the “interest payments” is disregarded under Country X law.Disallowance for Disregarded Payments in Proposed RegulationsWhen a deductible payment is not included in the recipient’s income, and that “no-inclusion” results from a hybrid transaction, the IRC §267A disallowance rule kicks in.So-called “disregarded payments” are the key to determining whether a taxpayer’s deduction for interest and royalty cross-border transactions will be disallowed under U.S. income tax law.A taxpayers’ s disregarded payments are determined each year. The proposed regulations provide rules to calculate how much of a taxpayer’s deductions will be disallowed under IRC §267A.By Lisa Lopata, J.D.Login to read more on CCHAnswerConnect.Not a subscriber? Sign up for a free trial or contact us for a representative.last_img read more

There is no need to rush a defenseman following Libor Hajek’s injury

first_imgEven before the Rangers announced that Libor Hajek would be out for 3-4 weeks with a knee sprain, all eyes were on how the Rangers were going to adjust to the injury. The easiest answer, and the answer the club went with, was re-inserting Marc Staal, returning from an ankle injury, into the lineup.There’s still chatter about calling up a defenseman to fill in that gap. Aside from the fact that it isn’t needed anymore –the Rangers aren’t going to bench Marc Staal– it might be premature to call up a defenseman. This is a rebuilding year, and that’s not just about playing every kid at the NHL level. Most prospects need time to develop, even if they have strong numbers in the AHL.The first player that comes to mind is Joey Keane, who is having a great year in Hartford. He has a line of 6-9-15 in 22 games and has been the club’s highest scoring defenseman. However he is only 20 years old and this is his first year of pro hockey. He might be best served staying in the AHL, especially when you consider this tire fire of a defensive system. Confidence matters too.Yegor Rykov would have been an interesting option too, but he was just returned to Hartford after spending the first two months of the season on SOIR. He needs time, even if he is the eventual answer. I’d expect to see him before Keane, but that’s my guess.For this situation, the best call up is your 8D on the depth chart, of which the Rangers don’t appear to have. That’s not a slight on the Rangers, it’s just they don’t have that guy with experience to play a minimal role. They’ve focused on the rebuild, and that means getting kids as much ice time as possible.Assuming no other injuries, riding out this injury to Hajek is the best bet. Staal, at the very least, provides the same level of production on the same side of the ice. Ensuring the kids develop is more important than calling them up to the NHL right now. 8 2 i Rate This”There is no need to rush a defenseman following Libor Hajek’s injury”, 3 out of 5 based on 9 ratings.Share this:TwitterFacebookRedditEmailMoreLinkedInTumblrPinterestPocket RelatedLibor Hajek out 3-4 weeks with knee injuryNew York Rangers defenseman Libor Hajek will be out for the next 3-4 weeks with a knee sprain. Hajek suffered the injury last night against the Columbus Blue Jackets. Hajek has no goals and 5 assists through 27 games. Even though he had struggled, Hajek was a regular in the…The case for keeping Marc Staal next seasonThe Rangers are in a transition period. The rebuild is in full swing. There are questions about regarding who stays and who goes. One of those questions is on Marc Staal, who has three more years left on his deal with a $5.7 million cap hit. Suffice it to say,…Rangers recall Libor HajekThe Rangers have recalled defenseman Libor Hajek from the AHL. Hajek, the key piece in the Ryan McDonagh/JT Miller trade last deadline, has been struggling mightily in Hartford this year. In 58 games, he has no goals and just 5 assists while playing pretty bad hockey. There’s no other way… TagsLibor Hajeklast_img read more