Tuesday, April 02, 2024

Hundreds rescued after part of California’s Highway 1 collapses in landslide

BY MIRANDA NAZZARO - 04/01/24 
Nic Coury, Associated Press
Cones mark a break in the southbound lane of Highway 1 at Rocky Creek Bridge in Big Sur, Calif., April 1, 2024, following an Easter weekend storm.

Hundreds of people were evacuated after a landslide caused portions of California’s Highway 1 to collapse, though parts of the road remained closed Monday.

Heavy rain Saturday near Rock Creek Bridge — about 17 miles south of , Calif. — caused chunks of the road’s asphalt to fall into the ocean beside the two-lane road, The Associated Press reported.

An estimated 1,600 people were initially stranded as a result of what officials called a slip-out, a spokesperson for California’s Transportation Department, known as Caltrans, confirmed to The Hill. Some motorists were forced to sleep in their vehicles overnight Saturday, or go to local hotels opened to visitors, The San Francisco Chronicle reported.

Engineers on Sunday determined travel would be possible on the northbound lane, and two convoys took place Sunday to safely evacuate motorists and their vehicles through the slip-out, Caltrans said in a press release. Starting Monday, there will be convoys at 8 a.m. and 4 p.m. local time, the agency said.

“Anyone who needed to get in or out was able to cross through the slip out,” a spokesperson for Caltrans said.

Parts of the highway remained closed Monday, according to Caltrans, and the spokesperson said it is too early to determine when repairs could be completed.

“We want to emphasize that this is a state disaster,” Nicholas Pasculli, Monterey County’s head of communications, told SFGate on Sunday.

Crews worked Sunday to stabilize the edge of roadway, and drivers were asked to “avoid all unnecessary travel” in the area, Caltrans said on X, formerly Twitter.


All Big Sur state parks were also impacted by the collapse, including Point Sur, Pfeiffer Big Sur, Julia Pfeiffer Burns, Andrew Molera, and Limekiln, Monterey County said Sunday night.

California Gov. Gavin Newsom’s (D) office said it is “coordinating closely” with state agencies to address the issue and thanked the crews working to repair the roadway.

'Nightmare': SF woman recounts trying to leave Highway 1 after collapse
By Amanda BartlettUpdated April 1, 2024

California authorities are still dealing with the aftermath of a landslide that caused a section of Highway 1 to collapse and fall into the ocean on Saturday, stranding as many as 2,000 people overnight, including locals and visitors traveling along one of the most scenic stretches of the drive near Bixby Bridge.






Caltrans convoys began leading traffic through the highway at noon Sunday after the 40-mile closure in both northbound and southbound directions, which lasted for 16 hours. The agency plans to deploy more of them at 8 a.m. and 4 p.m. each day for the foreseeable future, though it may have to suspend the escorts later this week if inclement weather or changes in site conditions become an issue, Kevin Drabinski, a spokesperson for Caltrans District 5, told SFGATE.

“Yesterday, we likely did have the highest volume of people come through who needed to take advantage of convoys,” Drabinski said over the phone. “A lot of those people were on the other side of a closure in a way they had not planned for. I can imagine two scenarios; people who came down to Big Sur for the day and found themselves having to stay overnight, and people who may have been staying in Big Sur and took a day trip up to Monterey and were unable to return.”

#Hwy1 remains closed on the #BigSur Coast due to a slip out of the road just south of the Rocky Creek Bridge. Convoys will lead essential travelers through closure area daily at 8 am and 4 pm. Engineers on site to observe conditions. Crews working to stabilize edge of roadway. pic.twitter.com/0AfyOcSIkB— Caltrans District 5 (@CaltransD5) April 1, 2024

On Monday afternoon, longtime Mission District resident Carmen Cordovez was taking a break outside of a Panera Bread in Salinas after a whirlwind weekend that required her family to hunker down at Big Sur Lodge overnight and caused her daughter Isa to miss a ride back to college. She woke up at 6 a.m. to get in line early for the 8 a.m. convoy to drive her daughter to Cal Poly San Luis Obispo so she wouldn’t miss her classes. Cordovez told SFGATE she was one of the first to show up, and the wait was still at least half an hour long just to get out once the convoy started. Then, she had to drive back to Big Sur to pick up her husband and son, Sebastian, and immediately get back in the car to head home to San Francisco.

“I didn’t think we’d be driving this much,” Cordovez said with a chuckle.

The weekend was the only time when her children’s spring breaks overlapped, and they were hoping to spend some time together in Big Sur as a family, hiking and exploring the area. They already had plans to stay at Big Sur Lodge, but didn’t expect that the hotel would become an emergency shelter within hours of checking in.

“By Saturday, it was completely packed, and more people kept coming,” Cordovez said. Most of the newcomers she spoke with were visiting from Carmel and planned to spend the day in Big Sur, but got stuck and couldn’t return once the highway closed.

“There was an overflow of tourists who didn’t have a place to stay,” she said. “They had to make a wait list for people just trying to get in. Some managed to get a room, but some had to sleep in their cars... We offered one couple a place to stay in our room, worst case scenario.”


A line of cars creeps along Highway 1 near Big Sur on Monday, April 1, 2024 after impacts from Saturday's landslide.Carmen Cordovez

The line for Sunday afternoon’s convoy, the first available, “must have been a nightmare,” Cordovez said, noting that’s when most people tried to leave.

She said she met one man at the lodge who was in town to visit family that lives in Big Sur. But he ultimately gave up on trying to drive the rest of the way out, hiking three hours just to be able to get home and spend Easter with them.

“The saving grace here is that more than half the road is still there,” Cordovez said. “If the whole thing went down, we all would have been totally stranded … It’s just a very unstable situation.”

The full extent of damage to the Pacific Coast Highway remains unknown, but Caltrans engineers are determining whether they can rely on previous repairs to shore up and stabilize the edge of the roadway. By this weekend, they hope to install 500 feet of K-rails — concrete, steel-enforced barriers — along the centerline of the repair site to help channel convoy travel and protect workers in the area, Drabinski said. This will lead to lane closures in the southbound direction of Highway 1 at Sand Dune Drive near Seaside from approximately 9 a.m. to noon Tuesday, and again at Soledad Drive near Monterey on Wednesday, also from 9 a.m. to noon. Directional signs will be in place to alert drivers in advance, and delays of up to five minutes are expected, per a news release from Caltrans.

“We have observers on site at all times and especially when convoys are passing through,” he continued. “If erosion were advancing on the roadway, or we experienced wet weather, we’d have to suspend them and wait until a clear day in the forecast.

At the time the landslide hit, the National Weather Service recorded 48-hour rainfall totals of 3.9 inches at its Coast Road station near Big Sur, with about half an inch of rain falling per hour, Dalton Behringer, a meteorologist for the Bay Area office, told SFGATE on Monday. When a thunderstorm rolled through the area, those totals “spiked,” he said, soaring to nearly 2 inches of rain per hour. Maximum wind gusts reached 47 mph on Friday and 33 mph on Saturday.

“Especially in that area, clearly the soils were saturated, causing whatever conditions that led to the slide. They could be exacerbated again,” Behringer said. “But we’re looking at lower rainfall rates associated with this system in comparison to last weekend.”

By mid-week, a low-pressure system coming out of the Gulf of Alaska is expected to slide along the West Coast, bringing with it cooler temperatures but significantly less rain. The system is forecast to approach late Wednesday, and winds could reach 35 to 45 mph on the Big Sur coast; rain isn’t expected to arrive until midday Thursday, with showers producing up to an inch of rain in the area and lingering through Friday afternoon.

In the event of poor weather conditions, officials have secured two mobile cell towers that they plan to station near Palo Colorado (Post Mile 61.5) to provide coverage for people who might not otherwise have cell service, Nicholas Pasculli, the director of communications for Monterey County, told SFGATE on Monday.

Cell service is “minimal and sometimes nonexistent along the Pacific Coast Highway,” he said. “This will help people get online to get updates on road conditions, especially as we’re expecting more inclement weather. Additional communication is important to keep people safe and relay emergency alerts if they become necessary.”

Drabinski said the recent slip-out will not impact Caltrans’ plans to fully reopen Highway 1 by late spring in the wake of a massive landslide in January 2023. Crews are still able to get across the southern hillside to make repairs at Dolan Point, where a permanent cable net system is slated to be installed on the face of the slope by May 1, and Regent’s Slide, where crews estimate it will take approximately 100 working days to remove 300,000 cubic yards of material remaining on the slope above the road.

People traveling through the area are encouraged to check with Caltrans District 5 on social media for updates. All state parks in the Big Sur area are closed indefinitely, including Andrew Molera, Julia Pfeiffer Burns, Limekiln and Pfeiffer Big Sur state parks, as well as Point Sur State Historic Park. The Big Sur branch library is also closed until further notice, though wireless internet is still accessible from the parking lot.

“Everyone is working hard to get past this,” Pasculli said.


EASTER TRAVEL CHAOS
Shocking pics of Highway 1 after flooding tore it apart leaving 1000s of tourists stranded & some forced to sleep in car

Drivers revealed how long it took them to get home following the road closure

Callie Patteson, Freelance News Reporter
Published: Apr 1 2024

THOUSANDS of people were left stranded after a section of California's Highway 1 collapsed into the ocean.

Shocking photos show chunks of asphalt missing from the highway near Big Sur along the California coast after heavy rain caused the ground to give way beneath the two-lane road.

7A portion of Highway 1 near Big Sur, California remains closed on MondayCredit: AP

7A large section of the two-landed road broke off due to heavy rainCredit: AP

7The road closure left thousands of motorists stranded overnightCredit: AP

The collapse occurred near Rocky Creek Bridge, approximately 17 miles south of Monterey, on Saturday, leaving upwards of 2,000 drivers stranded over the holiday weekend, according to The New York Times.

Photos of the scene show a large chunk of one of the lanes broken off from the rest of the road.

Orange cones can be seen lined next to the area of the slip-off, blocking off cars from driving in the damaged lane.

A witness claimed that many motorists resorted to sleeping in their vehicles overnight because of the road closure, according to The San Francisco Chronicle.

Others turned to temporary lodging at nearby inns or an emergency shelter opened at the Big Sur Lodge.

The road closure interrupted holiday travel and daily traffic along the coastline.

Linda Molinari, from Hollister, California, told The New York Times that she and her boyfriend were stranded after driving to Big Sur for lunch.

“We came here just to have lunch and go home, and now it’s like everyone is trapped here,” she told the outlet.

“All the little hotels and stuff, you could tell everybody was swarming.”

It was not immediately clear when the highway would be fully reopened.

Play VideoTerrifying vid shows $16m mansions teetering on CLIFF-EDGE 140ft high after landslide sends yards plunging into ocean

At around 12 pm on Sunday, officials began to lead vehicles in the north and southern directions of the highway.

Approximately 300 vehicles were waiting to travel northbound alone in the convoy, according to the San Francisco Chronicle.


It ultimately took around 50 minutes to get all vehicles waiting to travel across the highway.

Molinari told The New York Times she and her boyfriend were a part of the first convoy and arrived home just hours later.

“Everything went fine,” she said, calling the weekend a “crazy, weird Easter.”

Convoys leading vehicles were also scheduled for 8 am and 4 pm on Monday.

Officials with the California Department of Transportation (Caltrans) are urging drivers to “avoid all unnecessary travel in the area” for the time being.

We came here just to have lunch and go home, and now it’s like everyone is trapped here.Linda MolinariResident Of Hollister, California

Additionally, other areas of Highway 1 have been closed due to landslides, including the Regent’s Slide and one at Dolan Point, Monterey County officials wrote on Facebook.

As a result, all state parks in the region, including Pfeiffer Big Sur State Park, Andrew Molera State Park, Limekiln State Park, Julia Pfeiffer Burns State Park, and Point Sur State Historic Park, have been closed for day visits and camping.

California State Parks has said all camping reservations will be canceled and refunded.


Caltrans is expected to be working on ways to temporarily stabilize the edge of the road, a spokesperson told the San Francisco Chronicle.

The agency also plans to develop a future structural solution for the roadway.

Convoys transporting vehicles north and southbound along the highway are expected to continue lest there is any additional stormy weather.


California Gov. Gavin Newsom revealed on social media that his office would be closely coordinating with Caltrans, California Highway Patrol, and the state’s Office of Emergency Services to address the slip out.


“Thank you to the crews working around the clock to repair the roadway and keep Californians safe,” the governor said.


A large chunk of one of the lanes was broken off from the rest of the road and fell down the cliff side into the ocean

Upwards of 2,000 drivers were stranded over the weekend

The road closure interrupted holiday travel and daily traffic along the coastline

California State Parks has said all camping reservations will be canceled and refunded

Credit: AP

Integrated National Energy and Climate Plan presented in Moldova

Integrated National Energy and Climate Plan presented in Moldova

April 2, 2024

The Integrated National Energy and Climate Plan (INECP) for Moldova was presented on 1 April in Chisinau during a public debate organised as part of the national Moldenergy exhibition.

The Plan, as well the Strategic Environmental Assessment for Moldova, were developed with the support of the EU-funded and UNDP-implemented programme ‘Addressing the Impact of the Energy Crisis in Moldova’.

The Plan is developed by each EU Member State and is a roadmap for achieving energy security and climate change mitigation goals. The measures set out in the Plan are binding and are reviewed every five years.

According to the document, which is currently being finalised, Moldova commits to having a 27% share of renewable energy in final energy consumption by 2030, to maintain growth in final energy consumption at 2800 ktoe (2592 ktoe in 2022), and to reduce greenhouse gas (GHG) emissions by 68.6% compared to 1990.

The document describes the public policies and investments envisaged to achieve the targets set in energy security, internal energy market, energy efficiency, decarbonisation, and research, innovation and competitiveness.

The measures proposed in the Plan aim to lead to positive environmental impacts. These include reducing greenhouse gas emissions, improving air quality and its effects on human health, restoring and improving ecological connectivity, and combating the effects of climate change.

Find out more

Press release


WORKLERS CAPITAL

UK
What is the triple lock pension ?

by Nick Green


The ‘triple lock’ is a safeguard that applies to the UK state pension, to ensure it doesn’t lose value because of inflation.

In the past, there have been calls to scrap or modify the triple lock, which intensified during the Covid-19 pandemic, amid fears that it could become too expensive.

Here’s how the triple lock pension works, what it means for you and your retirement income, and what the consequences might be if it were scrapped or amended.

The triple-lock state pension

A triple lock was introduced to the UK state pension in 2010 as a guarantee that it would not lose value in real terms and that it would rise at least in line with inflation.

The three-way guarantee means that each year, the state pension would increase by the highest of the following three measures:Average earnings
Inflation as measured by the Consumer Price Index (CPI) 2.5%

In other words, if average earnings were to increase by 3%, the state pension would also rise by 3%. But if neither average earnings or inflation rises by over 2.5%, the state pension will still grow by this amount.

What does the triple lock mean for me?


If you are currently receiving the state pension, the triple lock ensures that your spending power will not diminish over the course of your retirement (for as long as all three guarantees remain in place).

It also means that if inflation is below 2.5% (which it hasn’t been for a while), your pension increases will beat inflation, improving your spending power.
Why is the triple lock good for pensioners?

It’s clearly important for pensioners that the state pension increases over time.

Retirement can last around 20 years or longer, and over such a length of time, prices can increase dramatically.

Will the triple lock end?

The state pension triple lock has proved to be a burden for successive governments, as it has been costly for the taxpayer.

On several occasions, the government has considered modifying the triple lock, for example, to replace it with a double lock based on increases in earnings or CPI (whichever is the highest). But, this has not been a popular idea with voters.

As a General Election is coming up within 18 months, it’s highly unlikely the triple lock will change, particularly as the cost of living crisis and high inflation continue.

However, if the state pension continues to rise at a fast pace, this could become more difficult for the government to justify in the future.
What would happen to my state pension without the triple lock?

The loss of the triple lock would not have a huge immediate impact on current pensioners, especially if it were replaced with a double lock.

The level of the state pension would still rise with inflation – it just wouldn’t exceed it.

A more pessimistic scenario would be for the state pension to have only a single lock, linked either to earnings or the CPI, but not both. In this case, pensioners’ spending power might deteriorate over the medium to long term.

The worst-case scenario would be the complete loss of any lock, and a return to the times when increases in the state pension were simply made at the whim of the Chancellor in the annual Budget. This is unlikely, but it can’t be ruled out in the long term.

Ironically, those most likely to be hit hardest by the removal of the triple lock are younger generations. Those currently around 10 to 20 years from retirement might feel more impact when the time comes.

What can I do to safeguard my retirement income?


If you are not yet drawing your state pension and are still working, it is a good idea to save as much into workplace or personal pensions as possible.

Given that the state pension is far from generous in any case, and the age you can receive it continues to rise, it is sensible not to rely too much on it.

The state pension should be seen as a supplement to private pension savings. Find out how much retirement income you might receive from your private pension and how to boost it using our Pension Calculator.

If you found this article helpful then you might also find our free pension guide and article on how to find or trace a lost pension informative, too.


ABOUT THE AUTHOR

388 articles
Nick Green
Nick Green is a financial journalist writing for Unbiased.co.uk, the site that has helped over 10 million people find financial, business and legal advice. Nick has been writing professionally on money and business topics for over 15 years, and has previously written for leading accountancy firms PKF and BDO.


What is the state pension triple lock?

Georgie Frost
|Editor-at-large
Updated March 25, 2024



State pensioners will get an inflation-busting 8.5% rise in April. This will take the weekly new full state pension payment to £221. Chancellor Jeremy Hunt has also said the Conservative Party will keep the triple lock system to decide rises in the state pension if they win the election, which must be held by 28 January 2025. Here we explain how the triple lock works.

The full basic state pension rises each year in line with the highest of three factors: earning growth figures between May to July the previous year, CPI inflation from the previous September, or 2.5%. This system is known as the triple lock.

Due to soaring inflation, the state pension increased 10.1% last April, costing the Treasury £124bn. Prime Minister Rishi Sunak has previously promised that the commitment will stay, and now Jeremy Hunt has confirmed the promise to the BBC.

Hunt acknowledged upholding the policy would be an “expensive commitment”, but explained the party was confident that it would “deliver the economic growth that is going to pay for it.”

The rise in state pension will also see millions more retirees paying more in income tax, due to something called fiscal drag.


But is the triple lock affordable? According to the Institute for Fiscal Studies, the government could be spending as much as £45billion on the state pension.

This article outlines
:What is the pension triple lock and how does it work?
Why was the triple lock suspended in 2022?
What does the triple lock on state pension mean for you?
Will the triple lock be totally scrapped soon?
How can you prepare your finances for retirement?

Read more: State pension: how much will I get?

What is the triple lock on pensions?

The coalition government introduced a triple lock guarantee in 2010. The measure ensures the state pension rises each year in line with which measure is highest from the below:2.5%
Average wage growth between May and July (compared to the three months in the previous year)
Inflation using the consumer prices index measure in the year to September (which was 10.1% in 2022 and 6.7% in 2023)

The government confirmed the uplift in November 2022 prior to the start of the new tax year. It came into effect from 6 April 2023, with pensioners starting to see a change in their income on the first Monday of the new tax year.


The triple lock applies to both the basic state pension (pre-April 2016) and the new state pension (post-April 2016) to ensure that they keep pace with living costs.

The triple lock was suspended in the 2022-23 tax year for 12 months, with the earnings part of the triple lock was temporarily removed. There was speculation that the triple lock would be suspended for a second year.

However, on 17 November 2022, the Treasury confirmed that the triple lock guarantee will be reinstated. This means that state pension income went up by 10.1% from 10 April 2023, in line with inflation from last September.
00:38
Explainer about the pension triple lock: how your pension is aligned with inflation, average earning increases, or 2.5%

Find out more about the state pension increase 2023.
What is the full new state pension?

For the current tax year (2023/24) the full new state pension is:£203.85 a week (up from £185.15 a week in the previous tax year)
£10,600.20 per year

You will only receive the full new state pension if you reached state pension age after April 2016 and have 35 full qualifying years on your national insurance record.

Read more: ‘Should I buy national insurance years to top-up my state pension?’
What is the full basic state pension?

The increase of 10.1% takes the basic state pension to:£156.20 a week (up from £141.80 a week in the previous tax year)
£8,122.40 per year

People who receive the basic state pension (anyone who reached state pension age before April 6, 2016) can also claim an additional state pension.

There is no fixed amount for this – it is dependent on factors including your earnings and your national insurance contributions.

The triple lock does not apply to any additional state pension.
How much will the state pension rise by in 2024?

The CPI inflation figure used in the triple lock is released in October and was 6.7%, while the wage growth element came out in September and was 8.5%.

That means that the state pension will increase by 8.5% in April 2024, meaning:Full state pension – £11,501 per year
Basic state pension – £8,812.80

The personal allowance is currently £12,570 and will stay frozen at that rate until 2027/28.

If the state pension rises by just 3% on average, it will breach the personal allowance by April 2027, according to wealth manager Evelyn Partners.April 2024: 8.5% triple lock increase takes new flat rate state pension to £11,501
April 2025: 3.0% increase = £11,846
April 2026: 3.0% increase = £12,201
April 2027: 3.0% increase = £12,567
Why was the triple lock guarantee suspended in 2022?

In 2021 there were concerns that earnings growth had been distorted by the fallout from the pandemic.

Millions of workers received a reduced wage through the furlough scheme, but as restrictions lifted, businesses brought staff back to work on full pay.

This caused an artificial boost in average wages, which increased by 8.8% between April and June 2021, according to the Office for National Statistics.

Due to the triple lock commitment, this would have meant that the state pension would rise by more than 8% in 2022. The government would have needed to find an extra £3 billion to fund this increase.

As a result, the government stepped in to suspend the triple lock guarantee for the 2022/23 tax year.

This means that in 2022 the state pension increased in line with the consumer price index, which was 3.1% in the year to September 2021. This is obviously higher than 2.5%, the other element of the triple lock.
Will the triple lock be scrapped?

For now, the triple lock is staying. The Prime Minister, Rishi Sunak, promised that despite high wage growth figures in July it would remain in place.

The triple lock has long been criticised by some economists, who believe it is too expensive to maintain. Around 60% of the total UK spend on welfare payments goes to pensioners.

New analysis from The Times shows that by 2025 spending on the state pension will cost Britain more than education, policing and defence combined.

Meanwhile research from the the Institute for Fiscal Studies (IFS) shows that an additional £11bn per year is being spent on state pensions as a result of the triple lock.

If the triple lock is kept in place, the state pension could potentially be worth between £10,900 to £13,400 per year by 2050 in today’s terms, according to estimates from the IFS – an additional £45 billion.

The current Conservative government have pledged to keep the triple lock in place if they win the election. Opposition parties, including Labour, also support the policy.

Arguments against the triple lock have also pointed to intergenerational unfairness.

Critics say it is unfair that younger people should subsidise the income of older people at a time when they may be struggling with their own living costs.
State pension triple lock: increases since 2011

Financial year State pension rise Based on
2011/12 4.6% RPI
2012/13 5.2% CPI
2013/14 2.5% 2.5%
2014/15 2.7% CPI
2015/16 2.5% 2.5%
2016/17 2.9% Earnings
2017/18 2.5% 2.5%
2018/19 3% CPI
2019/20 2.6% Earnings
2020/21 3.9% Earnings
2021/22 2.5% 2.5%
2022/23 3.1% CPI
2023/24 10.1% CPI
2024/25* 8.5% Earnings
Source: House of Commons research *based on the assumption that earnings growth will be higher than September’s inflation figures, released in October
What would happen to my state pension without the triple lock?

Before the 2017 general election, the Conservatives proposed a “double lock” policy, which would determine state pension increases by the higher of earnings or inflation (scrapping the 2.5% measure).

However, this proposal was subsequently scrapped after the Conservatives signed a deal with the Democratic Unionist Party following the election.

Supporters of the triple lock say the policy helps ensure that people have enough to get by in retirement. It preserves the value of the state pension, reducing the amount of private savings needed to top up someone’s retirement income.

The triple lock may be even more important to future generations. Younger people are less likely to have the security of generous final-salary workplace pensions and will be more dependent on other sources of income (including the state pension).

They are also likely to retire at a later date than older generations, as the state pension age is rising to 68.


How else can I prepare my finances for retirement?


While the triple lock is a generous benefit, it is widely accepted that the state pension alone is not enough to fund a comfortable lifestyle in retirement.

Here are ways to boost your retirement savings:

1. Save through a pension

A pension is the best way to save for retirement, due to the generous tax relief on offer. For every £100 you pay in, the government tops this up by at least £20.

If you are employed, your employer will also pay into your pension on your behalf, giving your savings an extra boost.

You may have a:Defined-benefit pension: also known as final-salary schemes, these pensions are typically found in the public sector. You will get a set annual income in retirement. The amount will depend on how long you were with your employer, and your average salary during that time. Defined-contribution pension: these are commonly found in the private sector. You pay a portion of your salary into a pension set up by your employer. The money will be invested in the stock market. Your retirement income depends on how much you have saved into the pension and how your investments have performed.

You can also pay into a defined-contribution pension if you are self-employed. You might want to read: What is the best pension for self-employed workers?

Or you could contribute to a personal pension on top of any workplace scheme.

With personal pensions, you have a choice between:A ready-made plan, where the provider selects your investments. We list the top-rated ready-made pensions.
Or a self-invested personal pension (SIPP), where you make your own decisions.

Here are eight simple ways to give your pension pot a boost.

We also help you understand how much you should pay into your pension.

2. Invest through an ISA

ISAs can help you to grow your savings and boost your income in retirement.

One of the main types of ISA is a stocks and shares one.

While you won’t get tax relief on any money you pay in (unlike a pension), all returns and withdrawals through an ISA are tax-free. By contrast, you may have to pay income tax when withdrawing money from your pension.

If you want to retire early, an ISA can be a useful way of bridging the gap before you can access your pension. We explain how the ISA trick works.

There is also a Lifetime ISA, which combines the features of both a pension and an ISA.
South Korea's Yoon hints at flexibility in doctors' strike as election looms


A man watches a TV broadcasting a news report on South Korean President Yoon Suk-yeol's speech on the doctors' strike amid a prolonged standoff between the government and doctors' groups over a plan to increase medical school admissions, in Seoul, South Korea, April 1, 2024.
PHOTO: Reuters


PUBLISHED ON APRIL 02, 2024 


SEOUL — South Korean President Yoon Suk-yeol showed the first signs of flexibility in his medical reform plan as a prolonged standoff with doctors is ramping up pressure ahead of next week's parliamentary elections which are expected to be close.

The plan, chiefly aimed at boosting medical school admissions by 2,000 from 3,000 starting in 2025, has emerged as a key issue in the elections, in which Yoon's ruling party seeks to recapture a majority in the opposition-controlled parliament.

A drawn-out walkout by thousands of trainee doctors nationwide in protest at the plan is increasingly putting strains on the country's healthcare system.

Yoon, who has taken a hard line approach to labour disputes, had been initially been emboldened by polls showing South Koreans overwhelmingly support the idea of adding more doctors.

But as medical school professors and community doctors cut working hours this week and threatened to resign en masse unless the government negotiates, some voters have started to blame Yoon for refusing to seek a compromise.
What is Yoon saying?

On Monday, Yoon for the first time signalled a possibility for adjusting the reform initiative in a 50-minute public address, saying his administration is open to talks with doctors if they offer a "reasonable, unified" alternative proposal.

Yoon denied considering "political gains and losses" in pushing for any reform.

A senior presidential official said Yoon meant to express his willingness to be "flexible" in implementing the policy regardless of the elections.

The Korean Medical Association, the largest grouping of doctors, said Yoon's speech was "disappointing" and failed to fully address the industry's concerns including better work conditions and legal protection.
Why now?


Read Also

South Korea's Yoon urges doctors to end impasse over trainees




Some analyst said the timing was clearly related to the election and changing public opinion.

"Why would he give a speech saying he can be flexible just nine days before the election? Because he's thinking the tide is turning against him," said Kim Hyung-joon, a professor at Pai Chai University.

"Public backing for the reform did help his ratings go up temporarily, but people would feel fatigue and anxiety as the impasse with doctors drags on," he added.

Cho Jin-man, a professor at Duksung Women's University, said Yoon seems to have lost out on initial public support due partly to his lack of political experience and failure to seek an early compromise.

However, the official from Yoon's office, who spoke on condition of anonymity due to the sensitivity of the matter, said it was unrelated to the election and they did not expect the issue to be resolved by then.

Another government official warned against politically interpreting the speech. "We have little leverage on this, and it would be crazy if anyone attempts to exploit an issue that has everything to do with people's lives in an election."
What do polls show?

A poll published on Monday by Research & Research showed nearly 86 per cent of respondents still support increased medical school admissions, but more than 57 per cent were dissatisfied with the government's handling of the walkout.

Only about 29 per cent said Yoon's proposal should be implemented as planned, while 57 per cent favour raising medical school quotas but a compromise with doctors on the scale and timing is needed.

A Realmeter poll on Monday showed that Yoon's ratings dropped for a fifth straight week after hitting an eight-month high in late February when the student doctors launched a strike, which was echoed by a Gallup poll from Friday.

Yoon's speech came as his People Power Party is aiming to win a majority in and the single-chamber, 300-seat assembly, though polls show the elections too close to call.
CLIMATE CHANGE IS HERE

Hundreds of Philippine schools suspend classes over extreme heat danger; prompts online classes


Tuesday, 02 Apr 2024

A student uses a bag to protect herself from the sun during a hot day in Manila on Tuesday, April 2, 2024. More than a hundred schools in the Philippine capital shut their classrooms on April 2, as the tropical heat hit "danger" levels, education officials said.
- AFP

MANILA (AFP): Hundreds of schools in the Philippines, including dozens in the capital Manila, suspended in-person classes on Tuesday due to dangerous levels of heat, education officials said.

The country's heat index measures what a temperature feels like, taking into account humidity.


The index was expected to reach the "danger" level of 42 degrees Celsius in Manila on Tuesday and 43C on Wednesday, with similar levels in a dozen other areas of the country, the state weather forecaster said.

The actual highest temperature forecast for the metropolis on Tuesday was 34C.

Primary and secondary schools in Quezon, the most populous part of the city, were ordered to shut while schools in other areas were given the option by local officials to shift to remote learning.

Some schools in Manila shortened class hours to avoid the hottest part of the day.

A heat index of 42-51C can cause heat cramps and heat exhaustion, with heat stroke "probable with continued exposure", the weather forecaster said in an advisory.

Heat cramps and heat exhaustion are also possible at 33-41C, according to the forecaster.

Local officials in several areas of the southern island of Mindanao also suspended in-person classes or shortened school hours over two weeks, regional education department spokeswoman Rea Halique told AFP.

The orders affected hundreds of schools in the provinces of Cotabato, South Cotabato and Sultan Kudarat, as well as the cities of Cotabato, General Santos and Koronadal, Halique said.

Cotabato city experienced the highest heat index in Mindanao, reaching 42C on Monday and Tuesday, the state forecaster reported. - AFP

Iowa Republican Miller-Meeks named new chair of Conservative Climate Caucus

BY ZACK BUDRYK - 04/01/24 
Greg Nash
Rep. Dr. Mariannette Miller-Meeks (R-Iowa) on Tuesday, July 11, 2023.


The House Conservative Climate Caucus has named Rep. Mariannette Miller-Meeks (R-Iowa) as its new chair, succeeding founder Rep. John Curtis (R-Utah).

Miller-Meeks, who sits on the House Energy and Commerce Committee, has attended every United Nations climate summit since her election to the House in 2020, and has long been a proponent of fossil fuel alternatives — such as nuclear power and biofuels, a major industry in Iowa. Miller-Meeks is the only Iowan member of the caucus.

However, she also has a lifetime score of 12 percent from the League of Conservation Voters, which faulted her for votes like her opposition to the Environmental Protection Agency (EPA) car and truck standards and to overturn protections for the lesser prairie chicken.

She has served as vice chair of the caucus since 2023.

“The U.S. is a leader in reducing greenhouse gas emissions, all while increasing energy production,” Miller-Meeks said in a statement. “As I assume leadership of the Caucus, I look forward to continuing to promote an any-of-the-above strategy for ensuring U.S. energy dominance with a globally competitive economy, while simultaneously reducing emissions for a cleaner, healthier planet.”

“I could not be more excited handing the keys to one of the most effective and ambitious members of the Republican Conference to keep our Caucus moving forward,” Curtis added. “Rep. Miller-Meeks has been a constant advocate for energy and climate issues, representing her rural and energy rich district incredibly well.”

Curtis, who founded the Conservative Climate Caucus in 2021, is departing to run in the GOP primary for retiring Sen. Mitt Romney’s (R-Utah) seat. The caucus has acknowledged the scientific consensus on climate change, distinguishing it from many GOP leaders, including former President Trump, and has called for solutions that incorporate cooperation from private enterprise and avoid aggressive phaseouts of fossil fuels.
BIDENOMICS
US was world’s largest liquified natural gas exporter last year

BY RACHEL FRAZIN - 04/01/24 
AP
A tugboat helps guide a French ship, known as the LNG Endeavor, through Calcasieu Lake near Hackberry, La. The ship was on its way to the Cameron LNG export facility to pick up liquified natural gas.


The U.S. was the world’s largest exporter of liquified natural gas (LNG) in 2023, according to federal data released Monday.

U.S. exports of the fossil fuel last year surpassed those of major exporters Qatar and Australia, and it amounted to 12 percent more American gas shipped than in 2022, the independent Energy Information Administration said.

The increase comes as Europe, the primary customer for U.S. gas exports, is looking to move away from another major supplier, Russia, in the wake of Russia’s 2022 invasion of Ukraine.

It also comes as the Biden administration is facing increasing political pressure — particularly from climate activists — over its natural gas exports.

In response to objections to the nation’s growing gas exports, the administration paused approvals for some new natural gas export projects earlier this year — though that pause does not impact existing exports or projects that are already under construction.

Experts have also debated the environmental impacts of U.S. natural gas exports, given that the fuel does contribute to climate change, but displaces even-dirtier coal in some nations.

High oil and gas production numbers have presented a political tightrope for the administration — as it seeks to show progressive and mainstream Democrats that it is taking climate action, while also combatting right-wing attacks over not being friendly-enough to fossil fuels.

The U.S. energy statistics agency said that the increase in U.S. exports came in response to strong European demand and high international prices. The return of Texas’s Freeport LNG plant in 2023 after a 2022 fire also bolstered the nation’s export numbers.

U.S. LNG export levels set records in November and December.
TurkStream Gas Pipeline Generated Over BGN 1.3 Billion in Revenue for Bulgaria

| Author: Diana Kavardzhikova |April 2, 2024, Tuesday // 

Wikimedia Commons


Since the activation of the extension of the Turk Stream gas pipeline passing through Bulgarian territory, the revenue generated from reserved capacities and the volume of natural gas transported between Bulgaria's borders with Turkey and Serbia has amounted to BGN 1.308 billion. This figure accounts for the period spanning from January 1, 2022, to March 26, 2024, covering the route between Strandzha2/Malcochlar (at the Turkish border) and Kireevo/Zajecar (Bulgarian/Serbian border), as reported by state gas operator Bulgartransgaz and cited by Mediapool.

Operational costs for maintaining the route, including compressor stations and gas measuring stations, amounted to BGN 44 million. However, this expenditure pales in comparison to the significant returns on investment. Bulgartransgaz invested BGN 2.5 billion (excluding VAT) in constructing the 474-kilometer section, which has already repaid more than half of the initial investment.

The Russian energy giant Gazprom, the primary user of the pipeline, has contributed substantially to these revenues, paying transit fees amounting to BGN 683 million in advance. This financial injection occurred even before the pipeline's construction, indicating the strategic importance of the project for regional energy transit.

The data also reveals operational insights, with nearly 487 million MWh of Russian gas entering Bulgaria through the pipeline, while over 217.7 million MWh have been transported to Serbia. However, operational efficiency remains a consideration, as the pipeline operates at around 83.23% to 93.94% of reserved capacity at various points, leaving a notable portion unfilled.

The gas operator clarifies that the availability of capacity relies on the volume of gas requested for transmission and the corresponding capacities reserved by users. Based on the provided information, it is evident that since the pipeline became operational at the Turkish border, eight companies have secured capacity, while nine have done so at the Serbian border. However, BTG has not disclosed the identities of the additional pipeline users, aside from "Gazprom" and MET, both of which reserved capacity before the commencement of construction.

The gas operator clarifies that the availability of capacity relies on the volume of gas requested for transmission and the corresponding capacities reserved by users. Based on the provided information, it is evident that since the pipeline became operational at the Turkish border, eight companies have secured capacity, while nine have done so at the Serbian border. However, BTG has not disclosed the identities of the additional pipeline users, aside from "Gazprom" and MET, both of which reserved capacity prior to the commencement of construction.
OPINION...

Why do candidates affiliated with the regime in Egypt fail in union elections?


April 2, 2024 


A screen displays the vote percentage for Abdel-Fattah El-Sisi, Egypt’s president, during an election results news conference in Cairo, Egypt, 18 December, 2023 
[Islam Safwat/Bloomberg via Getty Images]

by Mahmoud Hassan


Over the course of the latest heated elections in three long-established trade unions in Egypt, the result has been the same: the candidate supported by the regime and its security services has lost, and the opposition or independent candidate won. Security and regime agencies often try to control all electoral processes in Egypt, whether for presidential, parliamentary, union or student elections. This is an approach that has been going on for decades but has gone even further since the military coup in July 2013.

There are 25 professional trade unions and professional syndicates in Egypt, in addition to 29 general unions supervised by the Minister of Manpower. They had a total of more than eight million members as of the end of 2021, according to official data from the Central Bureau of Statistics.

Lawyers, engineers and journalists who participated in their respective syndicate elections within the past 12 months or so represent a voting bloc that is representative of the Egyptian electorate. They include groups closer to the middle and rich classes and are highly popular and influential.

Former head of the Bar Association and ex-Senate member Sameh Ashour is known for being close to the government. He lost the association’s election a few days ago, the latest regime-affiliated candidate to do so. The sitting head of the organisation, Abdel Halim Allam, won a new term ending in 2028.

The Engineers’ Syndicate saw a heated election campaign in May 2023 that ended in a violent quarrel and an assault on voters, who managed to abort the plans of the Future of a Nation party, which is backed by the Egyptian intelligence service. The party had planned to overthrow the current syndicate head, Tariq Al-Nabrawi, but the members renewed their confidence in him; he is known for his independent positions.

In March last year, Egyptian journalists were able to overthrow the government candidate, Khaled Merry, editor-in-chief of the state-owned Al-Akhbar newspaper. They elected the leftist oppositionist, and one of the symbols of the January Revolution, Khaled Al-Balshi, as head of their syndicate.

Ironically, Al-Balshi’s victory came while the Darb news website, of which he is editor-in-chief, was being blocked, just like hundreds of other websites blocked by the Egyptian regime with no legal basis. However, the block was lifted when he won, which was seen as a political earthquake whose aftershocks affected the engineers’ and lawyers’ elections.

OPINION: What’s behind the generous aid packages for Al-Sisi’s Egypt?


It’s interesting that electoral bribes, which are financial and in-kind incentives offered by the government to voters in exchange for voting for its candidates, failed in these three elections.

In fact, the closer a candidate was to the regime, the more negative it affected the number of votes he received.

Supporters of the regime are trying to downplay the messages sent by the trade unions’ membership in Egypt, by saying that lawyer Allam is not at odds with the regime, and that he represents the state in one way or another. They’re also saying that the other unions do not fully represent all sections of the population. However, the regime’s loss in three elections within a year is a remarkable development. It is too big an issue to be reduced to this interpretation, given the growing trend of punitive voting against anyone who’s related to the regime.

Observers and trade unionists told me that they agreed that the Egyptian situation is simmering, and that these three election results were no mere coincidence. They were more like steam just before reaching boiling point.

The deteriorating economic and living conditions in Egypt, and the insane rise in prices with the collapse of the value of the local currency —the exchange rate of the Egyptian pound has been liberalised at 47.40 per US dollar — may lead unions and other political entities to express dissatisfaction and anger through a union awakening. This could escalate into a popular uprising against the regime.

According to the lawyers, though, their own election result was not linked to politics or intended to challenge the regime. It was, they insisted, simply a natural reaction to the winning candidate’s achievements related to service provision, pensions, added tax, electronic invoices, developing the union’s resources and stopping the waste of its revenues.

Journalists believe that the issues of wages and an increased allowance — a cash sum members receive monthly from their union, as well as services, health care, training, registration and other union activities — were the decisive factors when electing the union’s head and his council.

Optimists think that the government candidates’ loss for the third time in a row has created a hole in the wall of repression created by President Abdel Fattah Al-Sisi. He is imprisoning thousands of his opponents, including journalists, restricting civil society, blocking newspapers, and banning movements opposed to his rule, mainly the Muslim Brotherhood, the April 6 Movement and Ultras Leagues (groups that include football fans).

This repressive hole may get bigger as the level of public dissatisfaction with the government’s policies increases. Rare demonstrations have already been seen in Alexandria last month, in rejection of the high prices and poor living conditions, under the slogan “You starved us, Sisi”, according to the Egyptian Network for Human Rights.

READ: Jordanian protesters urge Egyptians to stand with Gaza

One Egyptian political expert who spoke to me on condition of anonymity said that the successive failure of candidates affiliated with the regime in the union elections indicates that the organisations are trying to become independent of the regime. It also shows a general tendency to seek change and reject restrictions imposed on unions since 2014.

Over more than 10 years, union work in Egypt has been subjected to security restrictions, freedom-restricting legislation and government violations. These resulted in the imprisonment of hundreds of lawyers and journalists, forced disappearances and the blocking of hundreds of newspapers and websites. Moreover, people were removed from unions for political reasons, banned from travelling and had their personal funds confiscated.

The outcomes of these latest union elections may tempt others to follow suit, based not only on political, but also economic and livelihood motives. Lawyers, engineers and journalists have faced a serious threat to their livelihood because of the current conditions. These same economic conditions are affecting all Egyptians, including the lifting of government subsidies on basic commodities.

An anonymous union source believes that the defeat of the regime for the third time in a row is an indication of the return of the Egyptian unions to playing an active political role, especially in terms of demanding freedoms. This may develop into taking positions that are in opposition to the regime, especially since the journalists’ and lawyers’ unions have always been known for their political activities.

He cited as evidence the resumption of such activities within the journalists’ syndicate in central Cairo; the organising of demonstrations and events in support of Gaza; the collection of donations for the Palestinian people; and the honouring of prisoners jailed in Egypt to suppress their freedom of expression. All of this may allow for the possibility of developing an effective, more mature and dynamic union movement, led by the three unions. The movement might even grow into a tool for change that will once again revive the soft power of the Egyptian masses.

It is certain that any elections that meet the standards of electoral integrity in Egypt may not result in the victory of a regime-affiliated candidate. This is a reality feared by the regime, which has thus been keen on excluding any real competitor to Al-Sisi in the presidential elections since 2014. Any potential candidate has tended to end up behind bars, such as Abdel Moneim Abu Al-Fotouh, Sami Anan, Ahmed Qanswa and Ahmed Tantawi.

It is wise not to ignore what has happened, or minimise its symbolism, given the emergence of lively union platforms capable of giving the Egyptian masses a breath of life and some glimmer of hope for change. This may well be paving the way, albeit slowly, for the dissolution of the political stalemate imposed by Al-Sisi on the masses for 10 years. Official attempts may also be made to thwart the transformation of unions into consumer outlets for the distribution of meat and food supplies, leading to the creation of a movement resistant to oppression and tyranny. More precisely, it’s fair to say that soft power is waking up in Egypt.

READ: Egypt: Sisi to be sworn in as President for 3rd term in new capital

The views expressed in this article belong to the author and do not necessarily reflect the editorial policy of Middle East Monitor.


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Thailand moves closer to legalising same-sex marriage as bill sails through senate

Activists welcomed the Thai senate passing the first reading of a bill to legalise same-sex marriage Tuesday, bringing the kingdom another step closer to becoming the first Southeast Asian country to recognise marriage equality.



Issued on: 02/04/2024
Thai LGBT community members participate in the Gay Freedom Day Parade in Bangkok, Thailand, November 29, 2018. 
© Soe Zeya Tun, Reuters

Thailand has long enjoyed an international reputation for tolerance of the LGBTQ community, but campaigners have struggled for decades against conservative attitudes and values.

The vote sailed through the unelected upper house -- stacked with conservative appointees named by the last junta -- with 147 votes in favour, building on the momentum from last week's landslide vote in parliament.

"It's as if we have received the greatest gift since I've been pushing for 12 years," LGBTQ gender rights activist Waaddao Chumaporn said after the senators voted.

"It has meaning not only for LGBTQ couples, but for family institutions."

On Tuesday morning the body debated the legislation, which will change references to "men", "women", "husbands" and "wives" in the marriage law to gender-neutral terms.

Activist and bill representative Chanya Rattanathada also addressed the chamber, asking senators: "Please, can I trust my future with you?"

The legislation will now go to a 27-person committee for further consideration. The senate cannot reject the proposed changes but can send the bill back to the lower house for further debate for 180 days.

It will come back for two more senate votes, with the next probably no earlier than July.

The tone in parliament was muted, with many in the LGBTQ community waiting for the legislation to become law before celebrating fully.

In a side room off from the chamber, activist Siritata Ninlapruek clutched a rainbow flag and threw her fist to the air as the bill passed its first reading.

But there was more to be done to help and protect the LGBTQ community, she told AFP.

"We still need to keep fighting for our rights."
'Proud of our pride'

Senate Deputy President Singsuk Singpai said the bill passed with 147 agreeing, four against and seven abstaining in the upper house.

Last week, Prime Minister Srettha Thavisin said he was "proud of our pride" after the lower house voted to approve the bill.

"The passing (of this law) in the parliament today is a proud moment for Thai society who will walk together towards social equality and respect differences," he wrote on social media platform X.

Across Asia, only Taiwan and Nepal recognise same-sex marriage. Last year, India's highest court deferred the decision to parliament, and Hong Kong's top court stopped just short of granting full marriage rights.

LGBTQ activists celebrated last Wednesday's vote as a significant milestone on the road to equality.

Paulie Nataya Paomephan, who won Miss Trans Thailand in 2023, said until recently she had never dreamed that transgender people would be able to legally marry in Thailand.

"I think it is because politicians have to adapt themselves to the changing world," she told AFP, adding she and her boyfriend of three years planned to marry if the law passed.

The prime minister has been vocal in his support for the LGBTQ community, making the marriage equality policy a signature issue and telling reporters last year that the change would strengthen family structures.

Opinion polls reported by local media show the law has overwhelming support among Thais.

While Thailand has a reputation for tolerance, much of the Buddhist-majority country remains conservative, and LGBTQ people, while highly visible, still face barriers and discrimination.

Activists have been pushing for same-sex marriage rights for more than a decade, but in a kingdom where politics is regularly upended by coups and mass street protests, their advocacy did not get far.

Campaigner Waaddao said she knew of dozens of LGBTQ couples ready to tie the knot once the law is passed, which she hoped would happen this year.

"Once the law is enforced, yes of course, it will change Thai society," she told AFP.

"It will inspire other fights for other equalities."

(AFP)