Despite the band’s public hatred against their first hit single, Radiohead shocked concert attendees with a bust-out “Creep” performance earlier tonight in Paris at Le Zénith. While we all know it to be the song that initially defined the band and its success, “Creep” hasn’t actually been performed live since August 30, 2009. The band would even describe the single as “crap” and told the Guardian that any fans who requested the song in concert were “anally retarded.” Well one fan did make the request, and the band did play it. “This is for the funny guy shouting ‘Creep’ in the back,” Yorke said from the stage. “Only to shock you.” And of course, the crowd went wild.Watch Prince Cover “Creep” At 2008 Coachella PerformanceBut how could a band hate their own song so much? In a 1996 feature with the Guardian, frontman Thom Yorke describes how the song popularized the band after the release of their first two EPs, with “Creep” eventually making its way way onto their first full-length album Pablo Honey. With this fame, however, came torrential downfall.“We sucked Satan’s cock,” Yorke explains about the two-year tour that followed their early success, stunting the creative growth of any new music to come from the band until The Bends came out in 1995. “It took a year-and-a-half to get back to the people we were… to cope with it emotionally.” Guitarist Johnny Greenwood added, “We were like paranoid little mice in cages…We were scared of our instruments, scared of every note not being right.”In addition to their shocking performance of “Creep,” Radiohead played “True Love Waits” as for the first time in ten years. They also made their tour debuts of “No Surprises” from OK Computer and “Pyramid Song” from Amnesiac, in addition to songs off their new album A Moon Shaped Pool (read the review here). The full set played out as 17 songs, with a 5 song encore, and 2 song second encore, totaling 24 songs. Sounds like Paris had quite the night!CreepTrue Love WaitsNo SurprisesDaydreamingPresent TenseRadiohead in Paris @ Le Zénith 5/23/16:Burn the WitchDaydreamingDecks DarkDesert Island DiskFul StopLotus FlowerThe National AnthemMy Iron LungNo Surprises (First performance since 2009)Bloom (Happy Birthday sung to Phil)IdentikitThe NumbersSeparatorThe GloamingEverything in Its Right PlaceIdiotequeBodysnatchersEncore:True Love Waits (First full performance since 2006)Present TenseParanoid AndroidTinker Tailor Soldier Sailor Rich Man Poor Man Beggar Man ThiefWeird Fishes/ArpeggiEncore 2:Creep (First performance since 2009)Pyramid Song[H/T CoS]
However, the DC funds are still heavily overweight developed equities, which now account for 80% of all assets.Emerging market listed assets are growing, but still only make up an average of 4% of portfolios.The proportion of schemes allocating to emerging markets is reducing, as volatility in the region, particularly among equities over the last 15 months, continues.Less than half of FTSE schemes (48%) invest in the markets, compared with 55% in March 2013.The growth in alternatives is rising through the use of diversified growth funds (DGFs) as DC default investment vehicles.DGFs mainly invest in equities but utilise additional measures such as derivatives and diversify more with the use of alternatives, in order to reduce volatility and increase returns.Recent research conducted by consultancy Towers Watson found significant growth in the use of DGFs among FTSE 100 schemes.The proportion using a DGF as all, or part, of their default investment strategy increased from 10% to 70% over the last five years.This coincided with a drop in the use of passive investment vehicles, which fell 22 percentage points, to 40%, among the trust-based DC arrangements.Separating the funds among FTSE 100 and FTSE 250 firms, DC schemes at the larger end of the scale tend to be slightly more adventurous and diversified.Over the last six months, the data showed FTSE 100 schemes shifting assets towards UK equities but remaining more diversified than their smaller peers.FTSE 250 firms reduced allocations to emerging market equities, down to 2%, while FTSE 100 allocate as much as 5%.Stephen Bowles, head of DC at Schroders, said: “All these pension schemes that are not diversifying their assets are missing the valuable growth and low-volatility benefits, which can be achieved through diversification opportunities.” UK listed companies’ defined contribution (DC) pension schemes investment in alternatives is growing, with some schemes allocating as much as a third of funds to the asset class.Research and analysis by asset manager Schroders showed that while 48% of funds within the FTSE 350 do not engage with alternative investments, those that do are increasing their allocations.One-quarter of schemes now allocate more than 15% of assets to alternatives, with allocations at five funds breaking the 20% mark.Average allocations have increased by 1 percentage point, between October 2013 and March 2014, to hit 8%, matched by a 1 percentage point decrease in allocations to fixed income.
In a speech at the 84th Anniversary of the Armed Forces of the Philippines (AFP) on Tuesday night, the Chief Executive has tasked the government forces to destroy local terrorists who are still making violent attacks. The President also hailed soldiers for being the utusan ng bayan for being there in times of armed conflict and disasters. MANILA – President Rodrigo Duterte reiterated his order to soldiers to “crush” enemies of the state including communist rebels. “Isa pang kalaban na sumisira sa buhay natin ay itong mga terrorista, kasali na ang NPA (New People’s Army), kasali na ang mga kidnap-for-ransom nandyan sa Jolo, ang Abu Sayyaf, at lahat na. Ang utos ko sa kanila (AFP), at pag sila (terrorists) ay lumaban, durugin para matapos na ang problema ng Pilipino,” Duterte said. President Rodrigo Duterte leads the awarding ceremony for the outstanding members of the Armed Forces of the Philippines (AFP) during the AFP’s 84th anniversary at the Camp General Emilio Aguinaldo in Quezon City on Dec. 17. PCOO “Sa utos ko na yan, na ubusin ninyo sila, sabihin ko sa inyo, time and again, I take full legal responsibility. I and I alone…will go to prison. You can enjoy your freedom. I will take the risk,” Duterte said. He assured soldiers that they have his support and even declared openness in taking full legal responsibility for his order. “Our soldiers, they are everything, and that is why you should love your soldiers. Tayong mga Pilipino, tulungan natin,” President Duterte said./PN