Sport Savings

RESIDENTS furious at the closure of their leisure centre are calling for a refund in their council tax to mirror the loss of services.

Glenholme Leisure Centre in Crook, which had a gym and swimming pool, was shut by Durham County Council on October 1, as part of cost-cutting measures.

Now residents are launching a petition calling for part of their council tax, which is allocated for sport and leisure, to be given back to them.

Graham Tomaszko, who has also launched a group looking at bringing the town’s closed community centres back into service, is one of those behind the petition.

He said: “Quite clearly, the bureaucrats in County Hall had no intention of keeping the centre open and would rather sell our assets to pay their wages and pensions.

“We pay approximately £70 a year in our rates for leisure facilities which no longer exist. It is about time we showed County Hall that they are there for our benefit.

“I would ask people to fill in the petition to show that we have had enough of being trodden on.”

Terry Collins, corporate director of neighbourhood services at the council, said the authority was still committed to providing leisure activities in the area despite the loss of the leisure
centre.

He said: “We will ensure that classes such as GP referral schemes continue in alternative venues.

“In addition, we will support clubs and organisations to increase their offer to residents while also looking at how we can ourselves work with the local community to meet their needs.”

Meanwhile, campaigners who submitted a plan which would have seen the leisure centre remain are calling for questions to be answered.

Crook Community Partnership had a bid to take over the leisure centre rejected and now angry members want to know why.

John Winter, from the group, said: “The leisure centre will be demolished and that is the biggest act of vandalism this town has ever seen.

“We put forward a strong bid that matched the council’s criteria. They should tell the people who pay their wages and elect them exactly why it was rejected.”

Refund forms can be found at some shops in Crook and will soon be in Willington. They can also be downloaded from the Mohan Community Services page on Facebook.

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PLANS to run leisure services in South Tyneside as a charitable trust are not a done deal, senior councillors have been told.

Temple Park Centre in South Shields, Hebburn Swimming Pool and Jarrow’s Monkton Stadium could get an entirely new management structure under cost-saving plans being considered by South Tyneside Council.

The authority needs to make £35m worth of cuts over the next year, and setting up a charitable trust to run leisure activities is seen as a way of reducing the borough’s £11.53m annual leisure budget.

The money would be saved as charitable trusts receive relief from the payment of non-domestic rates, and partial exemption from VAT.

Yesterday a series of recommendations drawn up by a council scrutiny commission into the plan was presented to members of the authority’s decision-making cabinet.

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SOMERSET Leisure is holding a series of half-term events in Sedgemoor during October.

A two-day mountain bike trip over the Quantock Hills will take place on October 26 and 27.

Bikes, helmets, tents, food and transport are included and youngsters aged 12-16 will be kept under the watchful eye of trained mountain bike leaders.

Wicked webs and spider football are some of the Halloween inspired activities planned for children at Chilton Trinity Sports Centre in Bridgwater.

Pumpkin carving, marshmallow roasting, extreme camping and James Bond activities will also be on offer for ages five to 12 years old.

For more information contact the leisure centre on 01278-429119, and to find out more about the mountain bike expedition, click the related link below.

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Some people work from 8 to 5, with a consistent schedule and dedicated time off for leisure activities. But, for busy executives, work happens whenever it needs to. Business relationships are built and sustained during after-hours board meetings, business socials or dinners with clients. Bountiful buffets and gourmet desserts are often regular occurrences, which can make it easy for the pounds to add up. There are perks that come along with a management position, but the truth is, there is also a lot of stress to go along with the title. Throw in late night hours to get all the work done, and its easy to see how workaholics may tend to push exercise aside.
A hectic work schedule is one of the most common reasons busy people dont make time to exercise. In many cases, people in management or who own their own business dont own their own time. Theyre stressed out, overworked and surrounded by calorie-rich foods. Its a recipe for weight gain and poor health.
In fact a survey conducted by Tufts University School of Medicine of 200 executives within the Fortune 500 circle, 40 percent were obese. They also had high cholesterol and high blood pressure; they typically worked 60 to 70 hours a week and dedicated little to no time to exercise. These individuals are literally on the road to working themselves todeath.
I work with many local business leaders who schedule time for exercise. They have realized that it helps them stay sharp, handle stress, keep their weight in a comfortable range and have more energy. Even though they take time away from work to exercise, they find its worth the investment because theyre more focused.
Often, these members will seek out the advice of an exercise specialist. They understand the value of getting advice from an expert in that field. Theyre good at what they do and they realize that were good at what we do. We take into consideration what they enjoy doing, how much time they can devote to exercise, what they dont like doing, and what their goals are. We also talk about any previous injuries or concerns they may have, so that we can design a program that will get the results needed.
Here are a few reasons why its important to make exercise a part of a busy day and how to keep the commitment:
Schedule it.
Just like an appointment, pencil in exercise into your daily planner. Better yet, write it down in ink. Its a commitment made for better health. Some of the people Ive worked with over the years would brush off exercise saying they didnt have time for it, and then they had a heart attack, or some other kind of serious wake-up call. Now, they understand how important it is to take care of themselves.
Do it first.
Before the rush of the work day begins, get in a workout. Trying to squeeze it in during the day may work for some; for most people it tends to get pushed aside to handle the crisis of the moment.
Consider it a part of the job.
Image is an important aspect in the business world, whether its a conscious thought or subliminal impression. How someone looks makes an impression on potential customers, vendors, superiors and other business leaders. Being well-groomed shows attention to detail. Consistent exercise helps keep weight at a manageable level, which helps to combat the effects of buffet lines and gourmet meals.
Use it to manage stress.
The higher the corporate ladder, the bigger the challenges. Handling these problems every day is stressful. Research shows that physically fit people have less extreme physiological responses when under pressure than those who are not. This means that fit people are better able to handle the long-term effects of stress, without suffering health problems or burnout.
The bottom line is that executives got to where they are because theyre willing to go the extra mile. Consistently putting in a few miles on the treadmill will keep them at the top of their game.

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WARSAW, Poland — Photos of 20 drawings and other artifacts clandestinely made by inmates at Nazi death camps during World War II are on show at the Auschwitz museum and are to travel next to the United States, an official said Tuesday.

A museum spokesman, Pawel Sawicki, said that the Forbidden Art exhibition is on display at the former camp bath building at Auschwitz I, the original, red brick part of the Auschwitz-Birkenau death camp.

Large color pictures show drawings and sculptures made by inmates of Auschwitz and of the Buchenwald and Ravensbrueck German Nazi concentration camps.

More than 1 million people, mostly Jews, died at Auschwitz that the Nazi Germans ran in occupied Poland between 1940-45. In Ravensbrueck, in north Germany, most among some 130,000 inmates from across Europe, were Polish. No more than 32,000 survived. Some 56,000 inmates are believed to have died at Buchenwald, in central Germany.

The drawings depict the plight of inmates, scenes from camp life and portraits. They also include excerpts from fairy tales that some inmates wrote for their children left at home, Sawicki said.

Some other items are a wooden figurine and a metal bracelet with scenes from Auschwitz, found near a crematorium at Birkenau, shortly after it was liberated by the Soviet army in January 1945, and a Catholic crucifix from womens camp of Ravensbrueck.

Each picture is accompanied by a brief description and some with few words about their authors.

Art was the inmates escape from brutal reality, Sawicki said.

The items are shown in pictures to allow greater mobility of the exhibition and to protect the originals.

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HARTSVILLE, S.C., Oct 10, 2011 (BUSINESS WIRE) –
Sonoco

/quotes/zigman/241176/quotes/nls/son SON
-0.07%

, one of the largest diversified global packaging
companies, today announced that it has signed a definitive agreement to
acquire Tegrant Corporation, a leading provider of highly engineered
protective, temperature-assured and retail security packaging solutions,
from Metalmark Capital for $550 million in cash. The final consideration
is subject to a normal adjustment of net working capital.

According to Harris E. DeLoach, Jr., Sonoco chairman and chief executive
officer, the acquisition of Tegrant is the largest in Sonoco’s history
and will create a North American leader in multimaterial protective
packaging. Tegrant is projected to generate 2011 sales of approximately
$440 million. When combined, Sonoco is projected to generate sales of
approximately $5.0 billion in 2012. The transaction is expected to be
accretive to Sonoco’s 2012 pro forma earnings by approximately $.10 per
diluted share, including estimated adjustments for purchase accounting
and approximately $11 million of expected synergies, when fully realized.

The total purchase consideration, adjusted for expected tax benefits, is
approximately 6.8 times Tegrant’s estimated pro forma 2011 EBITDA of
approximately $74 million(1), including synergies. The
transaction is expected to be financed from existing cash and debt with
an estimated credit leverage ratio of 2.2 times at closing. Sonoco
intends to reduce the incremental debt using free cash flow over the
next few years. The acquisition is subject to normal regulatory review
and is expected to close in November 2011.

Tegrant is headquartered in DeKalb, Ill., and operates three strategic
business units. Protexic(TM) Brands, the largest business unit, is North
America’s premier manufacturer of molded expanded foam. It serves a
number of industries, including high technology, consumer electronics,
automotive, appliances and medical devices. Tegrant’s ThermoSafe(R) Brands
unit is the world’s leading provider of temperature-assured solutions,
primarily used in packaging temperature-sensitive pharmaceuticals and
food. Tegrant’s Alloyd Brands(R) business unit is a leading manufacturer
and designer of high-visibility packaging, printed products and blister
packaging machines for retail and medical markets. Tegrant operates more
than 30 manufacturing, design and testing facilities in the United
States, Mexico and Ireland and employs more than 2,000 employees.

“The addition of Tegrant and its family of businesses significantly
advances Sonoco as a protective packaging solutions leader and greatly
expands the products, services and capabilities we can offer our
customers,” said DeLoach.

“Sonoco’s combined Protective Packaging businesses will represent
approximately 11 percent of Sonoco’s projected 2012 sales and further
enhance our ability to grow in both consumer and industrial markets
globally. As an example, Tegrant brings to Sonoco immediate access to
faster growing markets such as medical devices, pharmaceuticals, and
health and beauty, while providing us expanded access to a variety of
industrial components and automotive markets.”

DeLoach said that Tegrant’s president and chief executive officer, Ron
Leach, has agreed to stay with Sonoco and continue leading Tegrant’s
businesses. John Colyer, Sonoco’s vice president, Global Industrial
Converting, will be given expanded responsibility for the Company’s
global protective packaging, tubes and cores, and wire and cable reels
integration leader for the combined Sonoco Protective Packaging
businesses.

Macquarie Capital served as financial advisor to Sonoco. Tegrant was
represented by Sagent Advisors.

Conference Call and Webcast

Sonoco will host a conference call and webcast today, Monday, October
10, 2011, at 10 a.m. Eastern time, to review the Tegrant acquisition. To
participate in the conference call, dial 866-730-5763 (international
callers should dial +857-350-1587) and use the participant code,
65166955. In addition, the live conference call can be accessed in a
“listen only” mode via the Internet at
http://www.sonoco.com/ ,
under the Investor Relations section. A telephonic replay of the call
will be available starting at 1 p.m. Eastern time to U.S. callers at
888-286-8010 (international callers at +617-801-6888). The replay
passcode for both U.S. and international calls is 44015383. The archived
telephone call will be available through November 10, 2011. The webcast
also will be archived in the Investor Relations section of Sonoco’s
website.

About Sonoco

Founded in 1899, Sonoco is a $4.1 billion global manufacturer of
industrial and consumer products and provider of packaging services,
with more than 300 operations in 34 countries, serving customers in some
85 nations. Sonoco is a proud member of the Dow Jones Sustainability
World Index. For more information on the Company, visit our website at
http://www.sonoco.com/ .

About Metalmark Capital

Metalmark Capital is a leading private equity firm whose principals have
a long track record of successful investing in targeted sectors, with
particular focus and competence in energy and natural resources,
industrials and healthcare. Metalmark Capital seeks to build long-term
value through active and supportive partnerships with the companies and
management teams in which it invests. Metalmark Capital is an investment
center of Citi Capital Advisors. For more information, please visit
http://www.metalmarkcapital.com .

Forward-looking Statements

Statements included herein that are not historical in nature, are
intended to be, and are hereby identified as “forward-looking
statements” for purposes of the safe harbor provided by Section 21E of
the Securities and Exchange Act of 1934, as amended. The words
“estimate,” “project,” “intend,” “expect,” and similar expressions
identify forward-looking statements. Forward-looking statements include,
but are not limited to, statements regarding future sales, earnings, tax
benefits, synergies and free cash flows.

These forward-looking statements are based on current expectations,
estimates and projections about our industry, management’s beliefs and
assumptions made by management. Such information includes, without
limitation, discussions as to estimates, expectations, beliefs, plans,
strategies and objectives concerning our future financial and operating
performance. These forward-looking statements are not guarantees of
future performance and are subject to risks, uncertainties and
assumptions that are difficult to predict and, in many cases, are beyond
the control or knowledge of management. Therefore, actual results may
differ materially from those expressed or forecasted in such
forward-looking statements.

The Company undertakes no obligation to publicly update or revise
forward-looking statements, whether as a result of new information,
future events or otherwise.

Additional information concerning some of the factors that could cause
materially different results is included in the Company’s reports on
forms 10-K, 10-Q and 8-K filed with the Securities and Exchange
Commission. Such reports are available from the Securities and Exchange
Commission’s public reference facilities and its website,
http://www.sec.gov ,
the Company’s investor relations department and the Company’s website,
http://www.sonoco.com .

(1) Non-GAAP Financial Measures.
Tegrant’s management estimated pro forma 2011 EBITDA is a non-GAAP
financial measure that is generally defined as earnings before interest
expense, income taxes, depreciation, depletion and amortization.

SOURCE: Sonoco

Sonoco
Roger Schrum, +843-339-6018
roger.schrum@sonoco.com

Copyright Business Wire 2011

/quotes/zigman/241176/quotes/nls/son

Add SON to portfolio

SON

Sonoco Products Co.

$
30.62

-0.02
-0.07%

Volume: 485,430
Oct. 26, 2011 4:02p

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Whether it is fine wines, vintage movie posters or abstract paintings, some people spend a great deal of time and money compiling collections of valuables. Even if they’re collecting out of personal passion, rather than as an investment, it makes sense to keep tabs on how much the collection is worth.

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Winston Art Group

PRICE JUMP: The value of Chinese art has been rising. This carved table screen had been appraised at about $8,000, but sold for over $300,000.

Special Section: Wealth »

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• Times Topic:
  Appraisals and Valuation

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Fred Prouser/Reuters

FROM THE MOVIES: A collection sold by Debbie Reynolds included ruby slippers from “The Wizard of Oz.” Her Hollywood collection had been acquired over 50 years.

“You need to know what you own, and to know the value of what you own,” said Nancy Harrison, a fine art specialist with Emigrant Bank’s fine art financing unit in New York and the president of the Appraisers Association of America.

Whether an appraisal is done for tax purposes, for an insurance policy or to divide property in a divorce, the most important first step is finding someone who has broad, deep knowledge about the kind of pieces you collect. “All appraisers are not created equal,” said John Cahill, a lawyer in New York who specializes in art. “And even the good ones are not good at everything.”

You can, of course, ask for referrals from lawyers or wealth management advisers. But even then, you should check the appraiser’s qualifications. Personal-property appraisers aren’t licensed, but reputable professionals are affiliated with at least one of the three major appraisal organizations: the Appraisers Association of America, which focuses on personal property; the American Society of Appraisers, which includes specialists in real estate and other areas; and the International Society of Appraisers.

These groups require members to keep up to date with appraisal practices, called the “Uniform Standards of Professional Appraisal Practice,” and to adhere to a code of ethics. That means, for instance, that they charge only fees based on an hourly rate, or a negotiated project rate, rather than on a percentage of the appraised value.

You can search for an appraiser by name or expertise, and review information about his or her background, on each group’s Web site. “If an appraiser says they know it all, run as fast you can,” said Jane Jacob, an appraiser who specializes in American and European fine art from the 19th through 21st centuries.

Collectors have a variety of options for getting pricing information for artwork, collectibles and wine at online sites that primarily track sales at public auctions. Appraisers consult those sites too — but only as a first step. Gayle Skluzacek, a New York appraiser who evaluates both artwork and wine, says a knowledgeable expert can interpret the nuances of a given sale. Why did it sell above or below the estimate? Was it offered before? Only a professional, she said in an e-mail, knows ”what questions to ask when discrepancies appear.”

Expertise is especially important with appraisals that are submitted for tax purposes, because the Internal Revenue Service has detailed requirements for appraisals submitted as documentation for donations or estate tax calculations. The I.R.S. requires a written appraisal by a qualified appraiser for any deduction taken on items valued at more than $5,000.

The agency’s own appraisal staff reviews valuations, and some appraisals are subject to further review by its Art Advisory Panel, a group of 25 volunteer experts. The panel meets periodically to review appraisals and may decide they are too high (or, in the case of estate tax valuations, too low). Last year, the panel reviewed 475 items valued by taxpayers at a total of nearly $235 million, and recommended adjustments on more than half, according to its 2010 report.

Arthur Fleischer, a New York lawyer and arts patron whose collection includes prints by the artist Elizabeth Murray and images by the Dutch photographer Hellen van Meene, said he didn’t spend much time worrying about the value of his collection because his motivation was not to make money. When he has made gifts to museums, including the Whitney Museum of American Art and the Solomon R. Guggenheim Museum, he has worked with the appraisal service of the Art Dealers Association of America, for the documentation the I.R.S. requires. “I know from my experience in the art world,” he said, “that they’re a well thought of, responsible and reliable organization.”

Susan L. Brundage, the director of that group’s service, said it focused primarily on appraisals of fine art for tax purposes. It draws on the records of its member dealers, she said, to supplement data on prices for works sold at public auction.

The appraiser will often — but not always — examine an item or collection physically to determine its condition, before conducting research into previous sales of similar works to determine a value. Personally examining an object allows for a thorough assessment of its condition, but sometimes appraisals are done from photographs and other documentation although that must be disclosed on the appraisal report.

“You have more gravitas if you’re substantiating something you’ve seen in person,” said Elizabeth von Habsburg, managing director of the Winston Art Group.

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It seems Australians have overcome any lingering prejudice that phones are just for talking: a new study found 83 per cent of us use our mobiles for purposes other than calling and SMS. But we still favour personal and leisure activities over working on our phones.

Picture by Krytofr

The AIMIA Australian Mobile Phone Lifestyle Index is based on a survey of 2115 Australian phone users. AIMIA conducted a similar study last year, and what struck me back then was how games were much more popular than productivity tools. Much the same holds true in this years results: 48 per cent of respondents said apps on their phone were entirely for personal use, with only 14 per cent seeing a mix of work and personal tasks and 2 per cent seeing work only. In this light, it will be a while before too many people try and emulate my feat of working solely on a phone for a week.

Over half (54 per cent) had used their phone to visit a site, 50 per cent had used it for a search, 25 per cent used it for banking and 20 per cent used it to make payments. Again, other recent data reinforces that were getting more comfortable with mobile payments.

In terms of communicative features, were getting more adventurous but well-established options still largely beat out newer choices. 63 per cent of us have used MMS on a phone; 55 per cent have sent an email, and 53 per cent have used social networking. Less popular? Instant messaging (26 per cent) and video calling (20 per cent).

The big point AIMIA itself emphasised was that more than half of respondents (63 per cent) said they had a specific data package with their mobile phone. This need for connectivity (not just calls and texting) has been evident in all sorts of other ways (Telstras launch of the data-only LTE network springs to mind). With that said, given that the average monthly spend was under $40 for 39 per cent of respondents, the amount of data included might not be large.

Other trends of note:

• 49 per cent of respondents said they either owned a tablet or planned to get one in the next 12 months. Thats interesting, but lets not overstate it: it also means that plenty of people still dont see a major role for a tablet in their life.
• Apple was the most common handset brand (32 per cent), followed by Nokia (13 per cent), HTC (8 per cent), Sony Ericsson (5 per cent), LG (4 per cent) and BlackBerry (3 per cent). Those numbers werent broken down by platform, so we cant tell from that what the level of (say) Android or Windows Mobile usage was.

AIMIA

Lifehackers weekly Streaming column looks at how technology is keeping us entertained.

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Oct 18, 2011 (LBO) – Sri Lanka Saturday launched hot air ballooning over Colombo with daily flights scheduled from November as part of plans to boost leisure activities in the city and attract both local and foreign tourists.

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A landmark British exhibition of Canadian art, which opens Wednesday at a London gallery that has spent years working to showcase the iconic landscapes of Tom Thomson and the Group of Seven, is recalling a pivotal moment 87 years ago when it took gushing praise from British critics to kick-start a new era in Canadian cultural nationalism.

More than 120 paintings, including Thomsons 1917 masterpiece The Jack Pine and Lawren Harriss epic 1930 canvas Mt. Lefroy, have been gathered from the National Gallery of Canada, the Art Gallery of Ontario, the McMichael Canadian Art Collection and various private sources for the show titled Painting Canada: Tom Thomson and the Group of Seven, at Londons historic Dulwich Picture Gallery.

The exhibition, which moves to a museum in Norway in January and then to the Netherlands in June, is being described as the most significant showing of Canadas signature paintings since the so-called Wembley Controversy in 1924, when a fierce battle between Canadas artistic establishment and the then-upstart Group of Seven rocked the countrys cultural landscape and even reached the House of Commons.

Its rather nice that at least one part of the story of the Group of Seven started here, so it feels like a return to London, Ian Dejardin, director of the Dulwich and curator of the exhibition, told Postmedia News. But amazingly, this is the very, very first show in Britain thats devoted to these particular artists — including Wembley, when they were a small part of a bigger display.

Thomson had been dead for six years and the Group of Seven painters he inspired were still struggling for recognition in Canada in 1923 when it was announced the UK would be hosting an unprecedented exhibition the following year to celebrate the technological and cultural achievements of the British Empire.

A struggle over which Canadian artworks would be displayed at Wembley soon broke out between the Royal Canadian Academy — whose conservative officials deemed crude the Group of Sevens impressionistic, riotously colourful depictions of the Canadian wilderness — and the National Gallery of Canada, whose director Eric Brown was the chief champion of the Harris-led group of painters, including future Canadian-art superstars AY Jackson and Frederick Varley.

The Group of Seven painters werent universally panned in Canada, said Dejardin, but they were up against a quite vociferous minority of critics, who made comments about (their landscapes) being like the contents of a drunkards stomach and that kind of stuff. The Group of Seven certainly felt they were unappreciated and up against a hostile press.

Brown managed to secure just 20 spots for paintings by the Group of Seven and Thomson, including The Jack Pine. And while a leading Canadian critic of the Group of Seven, Hector Charlesworth, attacked their inclusion in the exhibition in a Saturday Night magazine article headlined Freak Pictures at Wembley, British critics heaped praise on Thomson, Harris and Jackson when they saw their works on display.

The Times of London remarked on the emphatic design and bold brushwork of the rebellious Canadian painters. C. Lewis Hind, an influential critic with the Daily Chronicle, described the Thomson and Group of Seven canvases as the most vital group of paintings produced since the (First World War) — indeed, this century.

Another critic argued effusively that Canada, above all other countries, has reason to be proud of her contribution at Wembley. Her canvases are real triumphs . . . Canada has arrived. She has a real national style.

Brown, giddy with delight at the overseas success of the artists hed chosen to elevate, quickly published a pamphlet in which he reproduced the glowing reviews of British critics for widespread consumption across Canada.

The National Gallerys director was particularly keen to substantiate the correctness of his decision, as art historian Russell Harper put it in his 1966 book Painting in Canada: A History, because Brown had been abused and dragged verbally in the most humiliating fashion across the floor of the House of Commons in Ottawa for championing the new movement. Members of Parliament were bitterly critical of the strong representation of Group of Seven paintings which he had sent to Wembley.

Generations of scholars have viewed the Wembley Controversy as a turning point in Canadian art history and, more broadly, in the quest for a uniquely Canadian artistic identity distinct from the powerhouse British and American cultural industries.

Dejardin said he shares the view held by British critics in the 1920s that Thomson and the Group of Seven symbolized a strong, new landscape form bestowed to the world by Canadian art.

These artists produced some of the most vibrant and beautiful landscapes of the 20th century, Dejardin said last month in announcing the Dulwich exhibition. The Canadians have kept this particular light under a bushel for far too long.

And Marc Mayer, a successor to Brown as director of the National Gallery of Canada, noted at the time that — shades of 1924 — the latest British exhibition of Canadas most famous landscape paintings could well spark a renewed and even worldwide appreciation of Thomson and the Group of Seven.

Although contemporary Canadian art is now quite prominent in the world, our historical art deserves a much larger international audience, he said. I am confident that this fine show will turn the tide.

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