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HSBC faces shareholder criticism

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof whatsapp whatsapp HSBC faces shareholder criticism INVESTORS in HSBC, still reeling from one of the most poorly-handled succession processes in the bank’s history, have highlighted pressing concerns over the appointment of finance director Douglas Flint as chairman.Flint’s appointment to steward the bank has sparked fears over the extent to which the former executive can be truly objective in the future, given that he has not come in to chair the bank from outside it. One shareholder said: “There’s an elephant in the room and that’s Flint. The chairman must be able to challenge decisions and hold the board to account, especially at difficult times, and it’s hard to see how Flint can do that having worked so closely in the past with Stuart Gulliver.”Gulliver, HSBC’s head of investment banking, replaces Michael Geoghegan as chief executive at the end of the year. Though he and Flint are widely respected in the City, with a combined 45 years of HSBC experience behind them, investors have also voiced discontent over the way HSBC’s board, led by senior independent non-executive Sir Simon Robertson, handled the appointments.It now looks as if the former Goldman Sachs veteran John Thornton will also be leaving the bank after missing out on the chairman’s role. Thornton would be missed for his experience in south- east Asia in particular. KCS-content Sunday 26 September 2010 11:09 pm Tags: NULL Show Comments ▼ Share last_img read more

Gambling industry faces a harsh winter

first_img Email Address Regions: UK & Ireland Tags: Online Gambling OTB and Betting Shops Subscribe to the iGaming newsletter A storm of regulatory change and economic uncertainty is brewing for the GB gambling industry, and operators should prepare for a punishing second half, writes RB Capital’s Julian Buhagiar.The Guardian and Daily Mail editorials are seldom aligned. In the last few years all manner of ‘hot’ topics such as Brexit (obvs), immigration (double obvs), taxation, and government policies, have become polar opposites when viewed through their respective lenses.However, the recent All Party Parliamentary Group report has galvanised both into a common discord uniting consensus around the need to “shake-up Britain’s gambling laws”, and “ban ALL gambling advertising in sport!”. And the general theme continues across all other media. Even Drink and Drugs News, perhaps somewhat relieved at not being the focus, wholeheartedly embraces the report, identifying gambling as the “hidden addiction” responsible for more than £1bn annually for the UK alone owing to implicated health, welfare, housing and criminal justice costs associated with problem gambling.Whilst perhaps – from within the industry at least – such unified dislike for gambling may seem a tad excessive, it’s easy to understand why it becomes the perfect enemy to rally against when the topic is viewed from afar. Most stakeholders – be they media, politicians, campaigners, or even the average consumer – personifies a gambler as Dishevelled Dave; the unwashed, unshaven, pyjama-clad middle-aged father of five. At 9:30am he’s already down his local William Hill putting the last of his (furloughed) pay cheque on Atlantic Storm (33/1).Except of course Dave can’t easily do that anymore, and probably won’t be in the bookies anytime soon. Gradually, in the last few years, protective measures have decreased the propensity of compulsive gamblers to waste away in betting shops. This in part explains why in the months leading up to the corona-event there were already mass closures of high street betting shops.And as we all know now, those shops aren’t all coming back after the lockdown. William Hill has already taken the first step with its announcement to merge online and retail. So far, shareholders don’t seem terribly impressed, which means they value retail as highly as online, possibly more.Headwinds are approaching whichever way you look For the time being, it’s a different story for online. The efficiency of tech (especially digital marketing) to pivot players from one digital product to another has proven indispensable for lockdown survival.From the little public data that exists, at least some of the revenue gaps in sports have been supplanted by fast thrills in casino, and a few innovative products in virtual sports (such as eFiFA and e-F1). Whilst incentives such as this are good for short-term blips, they don’t cater for the sports-gambler’s highly wired brain, so it was only a matter of time before these products failed to scratch the proverbial itch. A return to ‘proper’ sportsbook was always going to be welcomed.Except that the APPG have different views on how gambling on sportsbook and casino, will look in the UK. The group, which comprises of more than 50 MPs (some of whom have been lobbying against gambling for a while) is calling for an outright ban on all advertising as well as capping stake limits at £2. More troubling for high-quality brands, a blanket ban on all VIP schemes and player inducements, and – in a move that has already wreaked havoc in Australia – restricting all in-play sports betting to venues or via the telephone.If all the proposed motions are passed, it’s safe to say that the gambling landscape in the UK will be changed forever, and likely the sports landscape with it as well. No more big spending on events, be they leagues or one-off events.High street shops have already languished due to the gradual drift to online, and this will be the final blow to many retail outlets – and all their staff – as operators look to redirect spending to channels that have higher margins.Worse still, customers who have been accustomed to a rich variety of products to choose from both pre- and in-game, will be either forced to accept a watered down PG-13 versions of new offerings (unlikely) or else have to resort to less legal ways to reach their gambling desires (likely), directing gambling revenues from white to grey markets. In other words, it’s a loss whichever direction you look.There was always going to be a need for tighter regulatory processes, especially for previously permissive territories such as Sweden and the UK. Some of the flighty protective measures that supposedly existed to protect both players and operators that were still in force until recently – such as deferred KYC and unrestricted free-to-play – were long past their shelf-life.But such a forceful move of lumping so many changes together will only produce a series of negative outcomes; namely reduced revenue across the board, mass redundancies, and pushing players to darker markets.Should we stay or should we go So, how does this now-ailing industry best weather this impending storm? Is it time to pack up and leave Britain – as some fintech companies have done anyway given the impending Brexit legislative changes – or are there still a few silver linings? For those who choose to remain (ahem), here are two possible camps, though both strategies require some level of acquisition and/or merger.First off, the big mergers. Several large operators saw this implosion coming, which is partly why we’ve recently witnessed some of the largest mergers in the industry. Flutter-Stars is a perfect example, and whilst the projected cost-saving synergies may be ecclesiastical at best, there does appear to be a legitimate case of strength in numbers. A larger (albeit leaner as opposed to heavier) organisation should be better placed to weather a footfall in numbers whilst remaining profitable in any one territory. This is clearly Flutter’s approach, and it is expected that the anticipated merger should bring about similar benefits once Stars is fully integrated.If this is widely considered to be an acceptable trade-off, then the next 18 months will be replete with (mainly public) companies looking to merge whilst quarterly revenue is still buoyant. It’s not an unfeasible route, and some of the largest players in the business (Ladbrokes, GVC, Coral to name but a few) have all undertaken some form of merger.It is usually the more stressful and expensive route, requiring complex mechanisms such as share buy-backs and swaps, and an ongoing need to manage shareholder expectations – on both sides. Not to mention a need to placate a regulatory body that seems increasingly to bear more scrutiny.The other approach is a complementary M&A strategy, where smaller operators become bolt-on targets for the bigger boys to shore up their presence in verticals where they’re facing stiff competition. The best example here is the William Hill-Mr Green acquisition, where the takeover of a fully digital organisation by an (arguably) over-leveraged behemoth helps to rapidly get into digital before the traditional sportsbook revenue shortfalls start to bite.The WH-MrG acquisition is particularly interesting as it has underscored how the right form of small-mid cap acquisition can also cross-pollinate staff culture with a fresh mindset, as Ulrik Bengtsson has successfully demonstrated thus far.Acquisitions such as this tend to be lower-cost, lower-resource dependent, but they then need to be an exact match for a target buyer. A purchase of an asset with even minimal overlap can result in unnecessary consolidation and adjustment.And if the buyer is public, a protracted buyout can trigger shareholder nervousness, which in turn can significantly complicate the acquisition process. This happened to Flutter during its buyout of FanDuel, which resulted in very uncomfortable decisions being made towards the end of the process and remains the subject of a class-action lawsuit.Which way will the wind blow? Whilst there are still some opportunities for big UK mergers, it’s likely that we will see many more small-medium complementary acquisitions in an attempt to diversify revenues in an ailing gambling industry. Whichever way you look, it’s highly likely UK gambling is about to enter one of the harshest winters it’s ever faced.Co-founder of RB Capital, Julian Buhagiar is an investor, CEO and board director to multiple ventures in gaming, fintech and media markets. He has led investments, M&As and exits to date in excess of $370m. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 9th July 2020 | By contenteditor Gambling industry faces a harsh winter Legal & compliance A storm of regulatory change and economic uncertainty is brewing for the GB gambling industry, and operators should prepare for a punishing second half of the year, writes RB Capital’s Julian Buhagiar. Topics: Legal & compliance Strategylast_img read more

Continental Reinsurance Plc (CONTIN.ng) 2012 Annual Report

first_imgContinental Reinsurance Plc (CONTIN.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2012 annual report.For more information about Continental Reinsurance Plc (CONTIN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Continental Reinsurance Plc (CONTIN.ng) company page on AfricanFinancials.Document: Continental Reinsurance Plc (CONTIN.ng)  2012 annual report.Company ProfileContinental Reinsurance Plc offers reassurance services for life and non-life classes through service centres in Nigeria, Cameroon, Côte d’Ivoire, Kenya, Tunisia and Botswana. The company’s reinsurance offering covers fire and engineering; motor, liability and general accident; marine and aviation; oil and energy; and individual and group life risks. Continental Reinsurance Plc also provides specialist advisory services for reinsurance structuring, actuarial and risk management and product development support. Continental Property and Engineering Risk Services (CPERS) Limited in South Africa is a subsidiary of Continental Reinsurance Plc and operates as a technical referral competence with the Group. The subsidiary company was established to meet the growing demand for specialist engineering insurance risk cover and advisory services. Its core functions are underwriting, risk surveys, claims handling and training. Continental Reinsurance Plc’s head office is in Lagos, Nigeria. Continental Reinsurance Plc is listed on the Nigerian Stock Exchangelast_img read more

Can the Jubilee Metals (JLP) share price climb even higher?

first_img “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! But its not the only stock I think could explode… I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address The rising Jubilee Metals (JLP) share priceJubilee Metals is a mining exploration company operating within Zambia. The firm used to primarily focus on finding and extracting platinum. But, more recently, its diversified portfolio now includes chrome, copper, and cobalt too.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The rising value of these metals throughout 2020 undoubtedly helped push the JLP share price higher. However, a lot of the growth appears to stem from the anticipation surrounding Project Roan.After securing the rights to approximately 150m tonnes of copper-rich surface tailings in June last year, Project Roan was announced. The goal is to establish a facility to process and produce more than 25,000 tonnes of copper per year by 2025. Based on today’s market value of copper, that’s worth around $250m. That’s more than five times the revenue generated in 2020 alone.Needless to say, this is a massive opportunity for the business. And, so far, everything appears to be going according to plan. The first of three construction phases has already been completed, with phase two and three scheduled for completion in Q3 2021 and Q1 2022 respectively.Meanwhile, its platinum and chrome operations continue to flourish, with both seeing production volumes in the second half of 2020 increasing 34% and 72% respectively.Seeing the JLP share price explode on this impressive performance isn’t at all surprising. And if it can continue delivering results, I believe the stock can climb even higher.The risks that lie aheadAs exciting as these developments are, the mining industry is still fraught with risk, especially for smaller operators like Jubilee. One major disadvantage is their lack of pricing power. After all, the value of the metals dug up is driven by market demand, which can be highly cyclical.This is why metal commodity prices have a habit of fluctuating. Due to lockdowns around the world, many mining sites remain unoperational, or are working at reduced capacity. This lack of supply has ultimately raised the value of metals like copper to their highest point in nearly 10 years.Obviously, rising commodity prices hugely benefit the JLP share price. However, if the supply becomes over-saturated, these prices can crash just as fast as they went up.The bottom lineIt’s going to be a good number of years before Project Roan reaches its target production levels. And during that time, the value of copper could decline significantly.But Jubilee already has established facilities processing other precious metals that continues to provide substantial growth. What’s more, even if Project Roan has inflated the JLP share price, the stock is still trading at a reasonable P/E ratio of around 11.6.So, to me, this looks like it could be a relatively cheap high-growth opportunity for my portfolio, especially since the world is transitioning to renewable technology that requires a lot of the materials Jubilee is digging up. Zaven Boyrazian | Wednesday, 5th May, 2021 | More on: JLP I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images. center_img Zaven Boyrazian does not own shares in Jubilee Metals. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares Can the Jubilee Metals (JLP) share price climb even higher? Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. The Jubilee Metals (LSE:JLP) share price has been on fire over the past year, increasing by nearly 450%! What’s caused this enormous growth? And should I be adding this business to my portfolio? Simply click below to discover how you can take advantage of this. See all posts by Zaven Boyrazianlast_img read more

Pakistani bishop urges government to curb ‘misuse of blasphemy law’

first_img Assistant/Associate Rector Morristown, NJ Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 [World Council of Churches] While accusations of blasphemy in Pakistan have once again captured the news headlines, Bishop Samuel Azariah, moderator of the Church of Pakistan, hopes for the Pakistani government to consider repealing the controversial clause in the Pakistan Penal Code which, he says, invokes misuse of the blasphemy law.Bishop Azariah, who is a member of the World Council of Churches (WCC) Executive and Central Committees, considers the WCC hearing on “Misuse of the blasphemy law and the plight of religious minorities in Pakistan” an opportunity for Christians along with their Muslim partners to “register their concern and protest against abuse of the law”.The international hearing is held from 17 to 19 September in Geneva, Switzerland, organized by the WCC Commission of the Churches on International Affairs (CCIA).The blasphemy law provision has existed in Pakistan since its foundation in 1947. No government during the first forty years felt the need for any changes until General Zia-ul-Haq introduced a number of amendments to the Pakistan Penal Code in the 1980s at the behest of the Islamic parties.The amendments were made to statutes related to religion, including sections 295 to 298. Since then the B and C clauses of section 295 in the Pakistan Penal Code have been used to victimize religious minorities. The blasphemy cases have resulted in death penalties and mob-instigated violence.Commenting on the recent case of Rimsha Masih, an eleven year old girl accused of blasphemy, Azariah said that “churches in Pakistan, media and civil society in the country have raised their voices against this case. This is evidently a proof of the misuse of the law.”“Yet, Rimsha’s case is one among many,” he added.Rimsha Masih was arrested on 16 August on a charge of blasphemy. Recently she was released and taken to an undisclosed location due to security threats.For Azariah, cases like Rimsha’s create a sense of fear and insecurity. “The religious minorities and even some sects of Muslims have been affected by the misuse of the blasphemy law. A majority of the cases have proved to be false, which has disturbed the fabric of trust in our society,” he said.Azariah explained that abuse of the blasphemy law leads to injustice and violation of human rights. For him the purpose of the WCC hearing is to raise assertive Christian voices on the issue of the blasphemy law. “This dialogue is an attempt to improve churches’ understanding of the situation of religious minorities in Pakistan.”“With a constructive debate on the blasphemy law among the Pakistani churches, civil society representatives and our Muslim partners in dialogue, we hope to raise awareness about our situation among the international community,” said Azariah.Azariah also expressed appreciation for the participation of Pakistani churches and representatives of Muslim and Hindu religious communities in the hearing, and for the WCC’s support to persecuted minorities in the country irrespective of their religious affiliations.He said, “The CCIA consultation has provided us with an opportunity to advance the debate on the issues of the dignity and rights of religious minorities in our country. I hope our voices are noted by the higher authorities in Pakistan.”Read also: WCC to hold international hearing on the plight of religious minorities in Pakistan (WCC press release of 22 August 2012)WCC Central Committee statement on the misuse of the blasphemy law in Pakistan, September 2009WCC Central Committee statement on forced conversion and forced marriages in Pakistan, September 2012WCC Commission of the Churches on International AffairsWCC member churches in PakistanThe World Council of Churches promotes Christian unity in faith, witness and service for a just and peaceful world. An ecumenical fellowship of churches founded in 1948, today the WCC brings together 349 Protestant, Orthodox, Anglican and other churches representing more than 560 million Christians in over 110 countries, and works cooperatively with the Roman Catholic Church. The WCC general secretary is Rev. Dr Olav Fykse Tveit, from the [Lutheran] Church of Norway. Rector Bath, NC Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Knoxville, TN Missioner for Disaster Resilience Sacramento, CA Featured Events An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Director of Music Morristown, NJ Associate Priest for Pastoral Care New York, NY Asia, Press Release Service Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Ecumenical & Interreligious Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Director of Administration & Finance Atlanta, GA Rector Martinsville, VA Bishop Diocesan Springfield, IL The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Hopkinsville, KY Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Rector Collierville, TN Rector Smithfield, NC TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Cathedral Dean Boise, ID Course Director Jerusalem, Israel Rector Washington, DC Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Youth Minister Lorton, VA Submit a Press Releasecenter_img Rector Pittsburgh, PA Priest-in-Charge Lebanon, OH Associate Rector Columbus, GA Pakistani bishop urges government to curb ‘misuse of blasphemy law’ This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Assistant/Associate Rector Washington, DC Featured Jobs & Calls Rector Belleville, IL Tags New Berrigan Book With Episcopal Roots Cascade Books The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Submit a Job Listing Rector Tampa, FL Curate Diocese of Nebraska Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Submit an Event Listing Advocacy Peace & Justice, Family Ministry Coordinator Baton Rouge, LA Rector Albany, NY Associate Rector for Family Ministries Anchorage, AK Curate (Associate & Priest-in-Charge) Traverse City, MI Priest Associate or Director of Adult Ministries Greenville, SC Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector and Chaplain Eugene, OR Assistant/Associate Priest Scottsdale, AZ Rector (FT or PT) Indian River, MI Rector Shreveport, LA Canon for Family Ministry Jackson, MS Posted Sep 17, 2012 Rector/Priest in Charge (PT) Lisbon, MElast_img read more

Administración Trump lleva guerra contra mujeres a O.N.U.

first_imgLa semana pasada, en el 22 de abril, el Presidente Donald Trump llevó su guerra a los derechos de las mujeres y las personas no conformes con el género a la ONU. Es terriblemente irónico que el gobierno de Trump amenazara con vetar la resolución de la ONU sobre el fin de la violencia sexual durante las guerras y los conflictos hostiles si la ONU no estuviera de acuerdo con su agenda anti-mujeres, anti-género oprimido.Reproductive rights protesters chant, “Get up! Get down! New York is a pro-choice town” on May 4.El borrador inicial de la resolución decía: “Las entidades de las Naciones Unidas y los donantes brindarán servicios de salud integrales y no discriminatorios, incluidos servicios de salud sexual y reproductiva, psicosociales, legales y medios de subsistencia y otros servicios multisectoriales para sobrevivientes de violencia sexual, teniendo en cuenta las necesidades específicas de las personas con discapacidad”.La administración de Trump exigió que se eliminara la frase “salud sexual y reproductiva” porque podría interpretarse como un apoyo al derecho al aborto. Incluso después de que el representante alemán que presentó la resolución aceptó eliminar esa frase, los EE. UU. se opusieron a la frase original, “servicios de salud integrales”, en la resolución original del 2008.Después de que se eliminara toda referencia a la atención médica de la resolución final, así como la “educación integral en sexualidad”, que protegería los derechos de las personas homosexuales, transgénero y no conformes con el género, fue aprobada por una votación de 13 miembros del Consejo de Seguridad. Incluyendo los Estados Unidos, no hay votos en contra, con Rusia y China absteniéndose.Pero hubo una protesta mundial inmediata. Los representantes de Alemania, Bélgica, Gran Bretaña y Francia no solo hablaron enérgicamente contra el acoso escolar de los Estados Unidos, sino que también lo hicieron muchos representantes de los 90 países que participaron en la reunión.Llamando a la posición de los Estados Unidos “intolerable e incomprensible”, el Embajador de Francia, Francois Delattre, declaró que “las mujeres y las niñas que sufrieron violencia sexual en conflicto, y que obviamente no eligieron quedar embarazadas, deberían tener el derecho de terminar su embarazo”.Además de los diplomáticos, otras personas prominentes se manifestaron en contra de la política de los EE. UU., incluida la Ministra de Relaciones Exteriores de Alemania, Heiko Mass, y la actriz Angelina Jolie, en un artículo de opinión del Washington Post del 22 de abril.Las dos personas galardonadas con el Premio Nobel de la Paz de 2018, Nadia Murad, sobreviviente de la esclavitud del grupo del Estado Islámico de mujeres y niñas yazidi en Irak, y Denis Mukwege, ginecóloga congoleña, emitieron una declaración: “Simplemente no hay excusa para continuar “Falla a quienes ya han sido víctimas, así como a quienes continúan en riesgo de niveles devastadores de violencia sexual en conflicto”.Si bien el objetivo de la resolución era poner fin al “fenómeno atroz, bárbaro y muy a menudo silencioso de la violencia sexual durante el conflicto” y adoptar un enfoque centrado en el sobreviviente, todas las referencias a expandir el monitoreo de la ONU para rastrear las violaciones de la resolución fueron borradas. Del texto final. Rusia, China y los Estados Unidos se opusieron a ese lenguaje.El abogado inglés Amal Clooney instó al Consejo de Seguridad a procesar a los miembros del grupo del Estado Islámico por crímenes de guerra, igual que a los funcionarios de alto nivel en el partido nazi fueron procesados después de la Segunda Guerra Mundial. “Este es tu momento de Nuremberg”, subrayó.El 23 de abril, la Organización Nacional para la Mujer emitió una declaración firme en la que recordaba a los lectores el primer acto de Trump en 2017: restablecer la llamada “regla de mordaza global”, que prohíbe toda financiación federal para las organizaciones internacionales que brindan asesoramiento sobre el aborto, incluso si también brindan nutrición e higiene; tratamiento para la malaria, tuberculosis y enfermedades tropicales; y atención a la salud maternoinfantil.Los grupos de ayuda condenan esta regla, que refleja la extrema derecha, el conservadurismo religioso de las personas designadas por Trump en el Departamento de Salud y Servicios Humanos, diciendo que ya está socavando la atención de salud global en general y da como resultado más abortos y un aumento de la mortalidad materna e infantil.Es reprensible que los EE. UU. puedan acosar al resto del mundo para que queden atrapados detrás de sus políticas totalmente misóginas e insensibles que causan un daño irreparable a mujeres, niñas, hombres, sus familias y comunidades en todo el mundo.El balón está en la cancha de todos los que se oponen al patriarcado capitalista racista, sexista, anti-LGBTQ2S del 1% que controla este país. Continuando con la lucha por eliminar a Trump y todos sus perpetradores de la guerra y la violación de la clase dominante burguesa.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Kron and Culp to Lead Indiana Farm Bureau

first_imgHome Indiana Agriculture News Kron and Culp to Lead Indiana Farm Bureau Minor Changes in June WASDE Report Corn ZCN21 (JUL 21) 684.50 -14.50 SHARE Lean Hogs HEM21 (JUN 21) 122.68 0.22 Kron and Culp to Lead Indiana Farm Bureau Feeder Cattle GFQ21 (AUG 21) 151.18 2.78 Facebook Twitter Battle Resistance With the Soy Checkoff ‘Take Action’ Program How Indiana Crops are Faring Versus Other States Facebook Twitter Wheat ZWN21 (JUL 21) 680.75 -3.00 center_img Previous articleRetiring Villwock Reflects on Indiana Farm Bureau CareerNext articleMorning Outlook Andy Eubank RELATED ARTICLESMORE FROM AUTHOR Name Sym Last Change SHARE Soybean ZSN21 (JUL 21) 1508.50 -35.50 Kron and Culp to Lead Indiana Farm Bureau STAY CONNECTED5,545FansLike3,961FollowersFollow187SubscribersSubscribe Randy KronVandenberg County farmer Randy Kron was elected on the first ballot as President of Indiana Farm Bureau.  Kron said one of his first actions will be to revitalize county Farm Bureau organizations, “Our foundation is our county Farm Bureaus so, if we do not have strong county organizations, we will not have the support at the Statehouse we need.”  He added that, beginning in 2016, IFB will develop a strategic plan and will be seeking input from county Farm Bureaus on what resources they need.Kendell CulpJasper County farmer Kendell Culp was elected First Vice President on the 4th ballot. Culp ran on a platform of reshaping Farm Bureau membership, “We have to look at membership rather differently.” He said other organizations like national FFA and ASA are changing the way they do membership, “I think it is time for Farm Bureau to sit down and look at other ways we can recruit and encourage others to be part of the organization.”Several of the candidates for President, like Joe Kelsey and Donny Lawson, were younger farmers who called for changes in the way the organization works. Kron said he will be reaching out to younger farmers and finding ways to get them more engaged in Farm Bureau, “We are going to have to find new ways to get them engaged because maybe the traditional Farm Bureau way is not working.  So I want to reach out to them and see what we can do to help keep them engaged.”Several of the candidates stressed the need for Farm Bureau to be more diverse and inclusive, with more involvement by the livestock sector and smaller and organic farmers. Culp, who also serves on the  Soybean Alliance board, said he will work to try and bring unity between Farm Bureau and the state commodity groups, “Indiana agriculture needs to speak with one voice.” He stressed to HAT that there needs to be more coordination and consistency on policy issues among all sectors of agriculture.Both men will assume their duties on January 1. Outgoing President Don Villwock had high praise for the new President, “He has the experience and a deep passion for serving agriculture and Farm Bureau members.” Kron has been served as the IFB vice President for the past 14 years.  Kron farms with his wife and son near Evansville, raising primarily corn, soybeans, and wheat. A 1983 graduate of Purdue University, he holds a bachelor’s degree in agricultural economics. He has held numerous leadership positions, including as INFB’s representative on the U.S. Grains Council and on the Indiana Corn Marketing Council. He is also past president of the county extension board, and he serves as his township’s trustee/assessor.Culp farms with his wife, parents, son, and daughter near Rensselaer, raising grain and hogs. He served as District 3 director on the Indiana Farm Bureau board for 12 years (the maximum number of years a district director can serve). He currently serves as a director for Farm Credit Mid-America, Jasper County commissioner, and as a member of the board of directors for the Indiana Soybean Alliance.  Isabella Chism will remain 2nd VP of Indiana Farm Bureau. All quotes are delayed snapshots Live Cattle LEM21 (JUN 21) 118.70 1.13 By Andy Eubank – Nov 18, 2015 last_img read more

CANADA – Supreme Court decision upholds shield law protecting journalists’ confidential sources

first_img Help by sharing this information to go further News “We must impose democratic obligations on the leading digital players” Organisation Follow the news on Canada GEOFF ROBINS / AFP CanadaAmericas On September 27, Canada’s highest court reaffirmed that Radio-Canada reporter Marie-Maude Denis does not have to reveal her confidential sources, making this the first successful test of the Journalistic Sources Protection Act of 2017. The Supreme Court ruling upholds this “shield law,” which says the burden is not on the journalist to prove it is unnecessary to reveal a source but rather on the party that aims to force the journalist to testify to prove it is necessary. The court set aside a March 2018 Quebec Superior Court order for Denis to testify and identify her sources in a case surrounding Marc-Yvan Côté, a former liberal politician in Quebec charged with fraud and bribery, which disregarded Canada’s newly-implemented 2017 federal shield law. The case, however, has been returned to the Quebec Court for reconsideration.“This Supreme Court ruling is an historic win for journalists and press freedom in Canada, and is a strong first interpretation of the nation’s recently-adopted federal shield law,” said Dokhi Fassihian, Executive Director of RSF’s North America bureau. “The protection of source confidentiality is imperative to the watchdog role of journalists like Marie-Maude Denis, who do critical reporting on issues like political corruption. It is strong protection like this that will allow sources to rest assured that they can speak to journalists without fear of reprisal. This decision is an all-around win for investigative journalism.”RSF and a coalition of Canadian journalism and free expression organizations intervened on behalf of Denis in early-2019, arguing that in adopting the Journalistic Sources Protection Act, journalists can only be forced to reveal their sources as a last resort.Canada ranks 18th out of 180 countries in RSF’s 2019 World Press Freedom Index. Reporters Without Borders (RSF) applauds the Supreme Court of Canada’s decision to set aside an order issued by a Quebec Superior Court that would have forced investigative journalist Marie-Maude Denis to reveal her confidential sources in a government corruption case. RSF_en November 19, 2020 Find out morecenter_img On eve of the G20 Riyadh summit, RSF calls for public support to secure the release of jailed journalists in Saudi Arabia News November 11, 2020 Find out more January 15, 2021 Find out more October 3, 2019 CANADA – Supreme Court decision upholds shield law protecting journalists’ confidential sources News Receive email alerts News CanadaAmericas Forum on Information and Democracy 250 recommendations on how to stop “infodemics”last_img read more

FDIC Suit Claims BNY Mellon Breached Trustee Duties for $2 Billion Worth of RMBS

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: BNY Mellon FDIC Lawsuits Mortgage-Backed Securities The Week Ahead: Nearing the Forbearance Exit 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Previous: Existing-Home Sales Continue Surge While First-Time Buyer Sales Fall Next: Foreclosure Inventory Drops to Lowest Monthly Total in Eight Years Subscribe Demand Propels Home Prices Upward 2 days ago Share Save BNY Mellon FDIC Lawsuits Mortgage-Backed Securities 2015-08-20 Brian Honea FDIC Suit Claims BNY Mellon Breached Trustee Duties for $2 Billion Worth of RMBS The Federal Deposit Insurance Corp. (FDIC) has filed a complaint in a Manhattan federal court accusing Bank of New York Mellon of breaching its duties as bond trustee for $2.06 billion worth of residential mortgage-backed securities (RMBS) purchased by an FDIC-insured bank in Texas which later failed, according to multiple media reports.The FDIC took Austin, Texas-based Guaranty Bank into receivership in 2009, and the agency claims it suffered losses of more than $440 million in March 2010 when it sold 12 mortgage-backed securities that were originally issued by the EMC Mortgage Corp unit of Bear Stearns and by Countrywide Home Loans in 2005 and 2006, according to a report from Reuters. Both Bear Stearns and Countrywide were bought out in 2008 by JPMorgan Chase and Bank of America, respectively.The lawsuit, filed in the U.S. District Court for the Southern District of New York, claims that BNY Mellon “shirked its duty” as a bond trustee to make sure that the securities were not defective. Among the claims made by the FDIC are that servicers collected “excessive fees” for servicing the loans in the covered trust after they defaulted, which resulted in “enormous losses” for the plaintiff, according to the reports.A spokesperson from BNY Mellon could not immediately be reached for comment.This is not the only lawsuit the FDIC has pending against a bank over RMBS sold to Guaranty Bank. Earlier in August, the Fifth U.S. Circuit Court of Appeals in New Orleans revived a suit filed in 2014 by the FDIC accusing Deutsche Bank, Goldman Sachs, and the Royal Bank of Scotland of fraud with regards to $840 million worth of mortgage-backed securities sold to Guaranty Bank in 2004 and 2005. A judge in Austin had previously dismissed the FDIC’s suit against the three financial institutions, claiming that the suit had not been filed in time under Texas law.The FDIC has a lawsuit similar to the BNY Mellon case pending against bond trustee U.S. Bancorp over the sales of about $248 million worth of RMBS to Guaranty Bank, citing losses when those RMBS were sold. Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / FDIC Suit Claims BNY Mellon Breached Trustee Duties for $2 Billion Worth of RMBS August 20, 2015 2,234 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

Loans fiasco leads to resignations

first_imgTwo Directors of the Student Loans Company have resigned after the massive delays in this year’s student loan payments.Wallace Gray, director of IT, and Martin Herbert, director of marketing and customer service, both resigned from the SLC’s board after a damning report from an inquiry into the payment problems.The inquiry, which was headed up by Professor Sir Deian Hopkin, stated that the SLC had shown a “conspicuous failure” to deliver the service. The inquiry blamed the failures on “management indecision and over-optimism”.During the course of the inquiry, it was discovered that the board of the SLC had failed to take quick and appropriate action when the new computer system that was used to process applications failed. This led to staff having to manually input applications themselves.The inquiry went further and stated that these technical difficulties were made even worse by the SLC’s ‘shut doors policy’ of not communicating, or engaging with, universities, Students Unions and the press about the problems they were having.A student from St Hilda’s said “I was waiting over a month for my loan payment and had to go massively into my overdraft until it arrived.”The Shadow Universities and Skills Secretary, David Willetts said, “This year’s student finance fiasco has been a disaster for students and a disaster for the reputation of ministers. The Government explicitly changed the system of student finance promising that it would be faster and more efficient. But in the first year of its operation the new system went into meltdown and ministers did not act despite warnings that serious problems were emerging.”He further commented, “Ministers should hang their heads in shame, both for their serial failure and their attempt to pass the buck.”The Department for Business, Innovation and Skills said that nobody was available for comment.Meanwhile, the NUS has expressed surprise that the head of the SLC, Ralph Seymour-Jackson, has remained in place, stating, “it will be difficult for students and their families to view Ralph Seymour-Jackson as part of the solution rather than part of the problem.”The SLC has responded, “We are determined to do whatever it takes to ensure processing and payments are faster next year, so that we can deliver the service that students and their parents have every right to expect. We would like to say sorry again to those customers who have been so let down by us over the last few months.”It has been suggested that 28,000 students are still waiting to receive their loans and grants.last_img read more