Centum Investment Limited (CTUM.ke) HY2015 Presentation

first_imgCentum Investment Limited (CTUM.ke) listed on the Nairobi Securities Exchange under the Investment sector has released it’s 2015 presentation results for the half year.For more information about Centum Investment Limited (CTUM.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Centum Investment Limited (CTUM.ke) company page on AfricanFinancials.Document: Centum Investment Limited (CTUM.ke)  2015 presentation results for the half year.Company ProfileCentum Investment Limited is an equity firm specialising in investing in areas of growth, developmental capital and buyouts and seek to make equity investments between US$2 and US$20 million. The company invests in enterprises in the agricultural, education, healthcare, energy, financial services, insurance, information and communication technology, food and beverages, catering, automotive, publishing, real estate, power and FMCG sectors. In the beverage sector, it invests in businesses manufacturing alcoholic and non-alcoholic beverages and carbonated soft drinks. These companies operate in and serve the needs of domestic markets in Africa sub-regions. In most private equity investments, it prefers to acquire a controlling and significant minor stake in the company. The head office of Centum Investment Company is in Nairobi, Kenya. Centum Investment Limited is listed on the Nairobi Securities Exchangelast_img read more

Lloyds is down big and the yield is high. Is it time to buy?

first_img Our 6 ‘Best Buys Now’ Shares Kevin Godbold | Sunday, 8th March, 2020 | More on: LLOY Lloyds is down big and the yield is high. Is it time to buy? 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. Enter Your Email Address 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. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Kevin Godbold has no position in any share mentioned. The Motley Fool UK has recommended Lloyds Banking Group. 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. As I write, with the share price close to 45p (and falling) the Lloyds Banking Group (LSE: LLOY) share price has plunged almost 30% since the beginning of the year.Because of that move, the historical dividend yield has shot above 7%. And City analysts have previously pencilled in mid-single-digit percentage increases for the shareholder payment for this year and in 2021.5G 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 problematic argument for cheapnessLloyds is a well-known name with a big market capitalisation – it appears high up in the rankings of the FTSE 100, no less. Surely, it’s time to shrug off all the fear surrounding the COVID-19 coronavirus outbreak and buy some shares in Lloyds to tap that generous income stream from the dividend, right?After all, the company has been displaying tempting-looking value indicators for years. Now, for example, the forward-looking earnings multiple for 2021 is around 6.5 and the price-to-book rating is about 0.7. Then there’s that generous dividend, which should be covered almost twice by earnings by 2021. What’s there to not like?The trouble with the argument for cheapness, as I see it, is that people have been using it for years. Yet the valuation ‘anomaly’ never seems to correct. At least not in the way that many people are probably hoping for – namely, by a re-rating of the valuation and an uplift in the share price.Indeed, the share price has been swinging up and down for around a decade, but the overall direction of travel has been sideways. And that movement has happened despite generally improving trading and finances over the period. Why hasn’t the share price been creeping up to reflect that operational progress? I reckon the answer to that question is because the valuation has been creeping down instead.The stock market is being rationalAnd the stock market is being rational by adjusting the valuation ever lower, in my view. Earnings look toppy to me and they’ve been high for some time. My guess is the market has been preparing for the next cyclical economic downturn ever since Lloyds’ profits recovered after the last one. Indeed, the banking sector is among the most cyclical of all sectors and, to state the obvious, profits tend to cycle lower after they’ve been high!Maybe the COVID-19 outbreak will escalate sufficiently to send the world into recession. If that happens, there’s a decent chance that Lloyds profits, dividends and the share price will all plunge together, handily restoring the valuation to ‘normal’ levels. Indeed, bank stocks can be among the first to sink in a full-blown economic slump.For me, the high dividend yield isn’t worth collecting because I fear the possibility of giving all my income gains back in capital losses. So I view Lloyds as a bargepole-job and won’t be buying any of the shares any time soon, despite those tempting-looking valuation indicators. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images. See all posts by Kevin Godboldlast_img read more

Benchmarking the parish

first_img Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Assistant/Associate Rector Washington, DC Cathedral Dean Boise, ID Rector/Priest in Charge (PT) Lisbon, ME An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector and Chaplain Eugene, OR Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Comments are closed. AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Family Ministry Coordinator Baton Rouge, LA Featured Events Associate Rector for Family Ministries Anchorage, AK Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 John Schaffer says: Rector Washington, DC Rector Hopkinsville, KY Curate Diocese of Nebraska Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET 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 Director of Administration & Finance Atlanta, GA Press Release Service Rector Smithfield, NC Benchmarking the parish Rector (FT or PT) Indian River, MI Rector Belleville, IL Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest September 12, 2012 at 6:25 pm “For when three or four Episcopalians gather together in My name, there is usually a fifth.” Rector Pittsburgh, PA 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 Director of Music Morristown, NJ Assistant/Associate Priest Scottsdale, AZ Associate Priest for Pastoral Care New York, NY center_img By Phyllis StruppPosted Sep 11, 2012 New Berrigan Book With Episcopal Roots Cascade Books Assistant/Associate Rector Morristown, NJ Rector Martinsville, VA September 11, 2012 at 9:09 pm ‘Prayers for American soldiers were said, and names of loved ones serving in the armed forces showed up on the prayer list, but there were no prayers for the enemy.”This was also evident after the death of bin Laden. Many people celebrated the death of another child of God. Rather we should have mourned that he chose to harm others. Submit an Event Listing Course Director Jerusalem, Israel 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 Phyllis Strupp[Episcopal News Service] My deceased father, a D-day veteran, was a lifelong Roman Catholic who went to church every Sunday. He was not in the habit of discussing spiritual matters, but that changed during the church’s sexual abuse scandal. Religion became one of his favorite discussion topics. During one conversation, I asked him how he had reconciled his military service during World War II with the gospel’s teachings to “love your neighbor as yourself” and “love your enemy.” His answer: “I was a young man, and I never gave it any thought. Nor did anyone mention it from the pulpit.”My experience at our local parish in the aftermath of 9/11 was similar, in that nothing was said about the inconsistency between waging war and the gospel. Prayers for American soldiers were said, and names of loved ones serving in the armed forces showed up on the prayer list, but there were no prayers for the enemy. Even in personal conversations and education for ministry theological reflections, it was difficult to broach this subject without an eruption of fear and anger.This raises the question of what type of spiritual engagement one should expect from a Christian community. Regardless of the denomination, we are all striving to follow the teachings of Jesus. Should the parish family be a place where the flock hears challenging views that generate conflict, or a place where the flock can find secure shelter from the storm of what’s going on in the world around us? Should we be discussing issues related to the upcoming presidential election, or avoiding the subject because Democrats and Republicans disagree?Too much conflict generates instability, and too little conflict breeds complacency; both of these situations can have equally devastating effects on a parish’s sense of common mission. Unfortunately, this imbalance is often understood in hindsight, after destructive habits have suffocated the congregation’s spiritual vitality.Parish life should be helping us develop spiritual maturity as followers of Christ. A persistent inability to speak about politics or other contentious topics is a symptom of weak spiritual formation around the teachings of Jesus. But political discussions are not the appropriate benchmark for a parish’s spiritual maturity.If hope is the appropriate benchmark for the Episcopal Church (see Benchmarking the church), what is the secret ingredient that has to be cooking at the individual parishes to create the smell of hope in the denomination?The answer to this question from psychology, neuroscience, or leadership gurus would be “wisdom.” Wisdom is the opposite of one-sided thinking and one-sided brain activity, the source of unmanageable conflicts. The ancient Greeks considered wisdom the root virtue of all other virtues. Positive psychology researchers have defined wisdom as the coordination of knowledge and experience to enhance social wellbeing. Wisdom enables balance between the affective and analytical realms, so that emotions are held in check and knowledge is made useful for the common good.The Bible teaches us that there are two kinds of wisdom, worldly wisdom and divine wisdom, and they are very different, as Paul indicates in I Corinthians 1:25: “For the foolishness of God is wiser than human wisdom, and the weakness of God is stronger than human strength.”Jesus had an abundance of both types of wisdom, making him as wise as a serpent and as harmless as a dove (Matthew 10:16). He understood that we don’t get wisdom of either type on our own. We must think for ourselves as well as listen to God speaking through others to have the fullness of wisdom that Jesus assures us we will have in a Christian community: “For where two or three gather in my name, there am I with them” (Matthew 18:20).Yet ultimately, wisdom is not evident from what goes on in our heads, according to Jesus in Matthew 11:19: “But wisdom is proved right by her actions.”If theologies, creeds and beliefs cannot be converted into wise actions, they might be doing more harm than good in the parish. Do clergy and lay leaders act in wise ways? Can they speak the truth and hear it? Is there a feeling of trust in the parish and confidence during challenging times? Is the parish known for its faithful actions in the community?A parish with wisdom should be like an oyster, turning grains of irritation into beautiful pearls of wisdom that are seen in actions of service to others.— Phyllis Strupp is the author of Church Publishing’s Faith and Nature curriculum and the author of The Richest of Fare: Seeking Spiritual Security in the Sonoran Desert.Statements and opinions expressed in the articles and communications herein, are those of the author(s) and not necessarily those of Episcopal News Service or the Episcopal Church. Priest-in-Charge Lebanon, OH Kathleen Kuczynski says: An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Youth Minister Lorton, VA Featured Jobs & Calls September 12, 2012 at 6:24 pm I believe there are/were some just wars. There would be no Christians in the world today had not we stood up to Nazi Germany and Imperial Japan. Further, some radical Islamic groups in today’s world won’t be satisfied until all Christians are wiped off the face of the earth. “Love your neighbor” is an admirable sentiment for us who are blessed to be born in a free country. That freedom was paid with the blood of our men and women in the armed services. It is true that we are all God’s children created in His image; and we should pray that God soften the hearts all that they stop killing each other in His name. But let’s get real. There will be no Christian love if we are all dead. Priest Associate or Director of Adult Ministries Greenville, SC Associate Rector Columbus, GA Missioner for Disaster Resilience Sacramento, CA Rector Albany, NY Comments (3) Submit a Press Release Rector Knoxville, TN Rector Shreveport, LA Rector Collierville, TN Curate (Associate & Priest-in-Charge) Traverse City, MI Submit a Job Listing Canon for Family Ministry Jackson, MS John Schaffer says: Rector Tampa, FL Rector Bath, NC Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs last_img read more

Courtyard Social Houses in Es Mercadal / Ferrer Forés

first_imgShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/387245/courtyard-social-houses-in-es-mercadal-ferrer-fores Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/387245/courtyard-social-houses-in-es-mercadal-ferrer-fores Clipboard Social Housing Spain “COPY” Area:  4460 m² Area:  4460 m² Year Completion year of this architecture project Courtyard Social Houses in Es Mercadal / Ferrer Forés Courtyard Social Houses in Es Mercadal / Ferrer ForésSave this projectSaveCourtyard Social Houses in Es Mercadal / Ferrer Forés 2011 CopySocial Housing•Es Mercadal, Spain Photographs ArchDaily Projects Architects: Jaime J. Ferrer Forés Area Area of this architecture project Year:  Save this picture!© José Hevia+ 11 Share Year:  “COPY” photographs:  José HeviaPhotographs:  José HeviaCollaborators:Yolanda Ortega Sanz, Vicenç Jordi Manent, Joan ReynésContractors:Llabrés Feliu, Juan Alfonso Rivero, Yolanda Homar, Antonio RodríguezConsultants:Roca IngenierosStucture:Bernal NadalClient:: IBAVI, Institut Balear de l’HabitatgeCost:2.814.178 EurosCity:Es MercadalCountry:SpainMore SpecsLess SpecsSave this picture!© José HeviaRecommended ProductsWoodEGGERWood-based materials in EGGER HeadquartersFiber Cements / CementsApavisaTiles – Nanofusion 7.0Fiber Cements / CementsEQUITONEFiber Cement Facade Panel NaturaEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena Apeldoorn Patio houses and environment: mat building Save this picture!© José Hevia As an extension of the urban tissue of Es Mercadal, characterized by a network of narrow streets and small courtyards, the project was conceived as a mat building, where houses open to an ordered series of patios and connected through two access galleries. The building volume is excavated with various operations to be filled with light and air.Save this picture!Plan The project evokes the tradition of courtyards and the rationality of traditional construction which flows climate adaptation and ancestral wisdom of the wall and the threshold. Faced with the heavy traffic that crosses the Round Way and diverting traffic from downtown, the proposed patios system improves the acoustics of the house and ensures maximum privacy and acts as climate control system. Thus, the compositional system intensifies the action of passive design of the building in order to facilitate natural ventilation of the home and improve comfort and energy consumption. Despite the irregular perimeter, the composition of courtyard houses seeks maximum serialization.Project gallerySee allShow lessHousing in Baracaldo / Linazasoro ArquitecturaSelected ProjectsPoint92 / Zlg DesignSelected ProjectsProject locationAddress:07740 Es Mercadal, Illes Balears, SpainLocation to be used only as a reference. It could indicate city/country but not exact address. Share 2011 CopyAbout this officeJaime J. Ferrer ForésOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureSocial HousingEs MercadalResidentialSpainPublished on June 14, 2013Cite: “Courtyard Social Houses in Es Mercadal / Ferrer Forés” 14 Jun 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogSinkshansgroheBathroom Mixers – MetrisVinyl Walls3MVinyl Finish – DI-NOC™ EffectPartitionsSkyfoldIntegrating Operable Walls in a SpaceBricksEndicottBrick Facade at the Bruce Nesbitt African American Cultural CenterBathroom FurnitureBradley Corporation USAToilet Partition CubiclesSkylightsLAMILUXGlass Skylight F100 CircularLightsLouis PoulsenOutdoor Lighting – Flindt GardenRailing / BalustradesSolarluxBalcony Glazing – SL 60eUrban ShadingPunto DesignPublic Architecture in Residential ComplexDoorsLinvisibileLinvisibile Products in Palazzo VolpiChairshorgenglarusUpholstered Chair – diva 5-154Wall / Ceiling LightsHE WilliamsLED Downlight – 4DR RoundMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Dwelling With Independent Concrete Block Wall / Asano – Izue A…

first_imgSave this picture!© Yohei Sasakura+ 13Curated by Hana Abdel Share Area:  53 m² Year Completion year of this architecture project Manufacturers: Daiko, Adobe, Jw-CAD, Matsuo Corporation, Osmo & EdelArchitect In Charge:Asano – Izue Architect OfficeDesign Team:Matsuo Corporation, Kenta KasaiEngineering And Construction:MS-koumu, Sentaro SakaiLighting:Shingo IshidouEngineering:Sentaro SakaiConstruction:Sentaro SakaiCity:OsakaCountry:JapanMore SpecsLess SpecsSave this picture!© Yohei SasakuraRecommended ProductsPorcelain StonewareCeramiche KeopeCeramic Tiles – BackPorcelain StonewareApavisaFloor Tiles – RegenerationWoodTechnowoodPergola SystemsWoodParklex International S.L.Wood cladding – FacadeText description provided by the architects. This is a renovation project of a room in a mass-produced apartment building. The young couple client had various hobbies which are keeping pets such as reptiles and collecting antiques. As a result of conversation with the multi-talented client about their future place, doma meaning “a dirt place” in Japanese is located around the residential space as an intermediate area between the inside and outside, and its configuration is that tolerant of tough uses.Save this picture!© Yohei SasakuraSave this picture!PlanSave this picture!© Yohei SasakuraWe removed all the existing partitions and inserted a single independent wall to loosely connect the public and private areas. In general, interior walls covered with clean wallpaper are usually made by plaster boards affixed on studs, but their appearance is too weak compared to the rough texture on concrete building frame surface that we proposed for the clients.Save this picture!© Yohei SasakuraAs a space for a young couple who are about to build up their life, I planned to construct a concrete block wall, which is composed by the primitive act of “piling up”, and comparable to the concrete building frame having rough texture and massiveness.Save this picture!© Yohei SasakuraConcrete block is generally a low-cost building material, but it is made of real stone, which gives it a sense of dignity. The surface of the block is polished and stacked with a fine grained surface to bring out a sophisticated and dignified appearance. The dignity of the wall provides a space for two people to live together, giving a sense of comfort to the public and the private.Save this picture!© Yohei SasakuraProject gallerySee allShow lessMVRDV Breaks Ground on Matrix 1, a Sustainable Office and Laboratory Complex in Amst…Architecture NewsCarlo Ratti Associati Designs 300ft Tall Skyscraper of Stacked Tennis CourtsArchitecture NewsProject locationAddress:Osaka, JapanLocation to be used only as a reference. It could indicate city/country but not exact address. Share Japan Dwelling With Independent Concrete Block Wall / Asano – Izue Architect Office CopyApartments, Renovation, Apartment Interiors•Osaka, Japan “COPY” Year:  ArchDaily 2016 Photographscenter_img Dwelling With Independent Concrete Block Wall / Asano – Izue Architect OfficeSave this projectSaveDwelling With Independent Concrete Block Wall / Asano – Izue Architect Office Architects: Asano – Izue Architect Office Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/952546/dwelling-with-independent-concrete-block-wall-asano-izue-architect-office Clipboard Projects “COPY” Photographs:  Yohei Sasakura Manufacturers Brands with products used in this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/952546/dwelling-with-independent-concrete-block-wall-asano-izue-architect-office Clipboard Apartments CopyAbout this officeAsano – Izue Architect OfficeOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsRefurbishmentRenovationInterior DesignResidential InteriorsApartment InteriorsOsakaOn FacebookConcrete InteriorsJapanPublished on December 03, 2020Cite: “Dwelling With Independent Concrete Block Wall / Asano – Izue Architect Office” 03 Dec 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

BBB: Decrypting crypto currencies: Unraveling the mysteries behind bitcoins

first_img WhatsApp Local NewsBusiness Facebook Heather Massey is the Regional Director of the Better Business Bureau in the Permian Basin. Check out www.bbb.org or call 563-1880. WhatsApp BBB: Decrypting crypto currencies: Unraveling the mysteries behind bitcoins By admin – January 28, 2018 Pinterestcenter_img Facebook Twitter Previous articleA SHARP LIFE: Lego hits 60, still pain in the footNext articleTopping Out ceremony admin Twitter BBB Scam TrackerThe use of crypto currencies to make transactions online has grown in popularity over the past few years, but one has begun to dominate the market — bitcoin. According to Bitcoin.com, there are currently 16.67 million Bitcoins in supply with 12,000 transactions made per hour. Several businesses in major Texas cities like San Antonio and Austin even accept it. As popular as this new form of currency has become, many are left wondering what it is, how it even works and the risks involved.Unlike dollars, pesos or yen, bitcoins are not backed by a government or distributed by a central bank. Instead, bitcoins are simply lines of programming code created on a peer-to-peer network through a process called “mining.” People involved in this process use special computer resources to compete with other “miners” to solve complex mathematical puzzles. Solving the puzzle awards the winner a “block” of bitcoins. Transactions can then be made online or through an app on your phone.Since there is no regulatory agency, the value of Bitcoin can fall just as quickly as it can rise depending on demand. For example, the value of Bitcoin hit a record high of nearly $20,000 per coin back in December. It has since dropped to less than half that value and, by the time you read this article, that number will probably be drastically different. The Federal Trade Commission has found that some online merchants that accept Bitcoin as payment do not deliver the product on time or they provide refunds with store credit rather than currency. That is why it is important to always know the seller and their policies before making a purchase.Better Business Bureau advises if you choose to use or invest in Bitcoin, use extreme caution. Be sure to do your homework first, to understand the rules and risks of Bitcoin transactions.Check out the seller’s reputation. Make sure you know where the seller is located and how to contact someone if there are problems.If you pay with bitcoins, the only way to get a refund is through the seller or payment processor, so it’s important to choose companies you trust.How much will your refund be? The value of a bitcoin changes constantly so the seller should tell you before you buy what exchange rate will be used for refunds.Read the seller’s privacy policy to find out what other information might be collected and shared. If the seller uses a payment processor, check its privacy policy, too.”If you have a problem with a bitcoin-related product or service, file a complaint with the FTC. To report a scam, go to the BBB Scam Tracker. To find trustworthy businesses, go to BBB.org Pinterestlast_img read more

New York AG Asks Watt to Get Moving on Principal Reduction

first_img Share Save As the debate over whether or not to offer principal reduction to struggling homeowners has returned to the forefront of housing policy, New York Attorney General Eric Schneiderman has written a letter to FHFA Director Mel Watt asking the Director to “broadly and quickly” implement a plan offering principal reduction to homeowners facing foreclosure.Schneiderman, who during his time in office has been a fierce advocate of preventing foreclosures and foreclosure relief scams, said in his letter on Friday that offering principal reduction is “a policy that I have advocated strongly for, that I am pleased FHFA is now seriously evaluating, and that should be deployed broadly and quickly to homeowners in desperate need of this relief from the continuing damage caused by the housing crisis.”The principal reduction issue pre-dates Watt’s tenure as FHFA Director, which began in January 2014. In 2012, then-FHFA Director Ed DeMarco issued a statement after careful consideration that there would be no policy change with regard to principal reduction because “the anticipated benefits do not outweigh the costs and risks.”Watt re-opened the issue and ignited the hopes of housing advocates and at-risk homeowners when, on March 22 in a public speech, he said that he would make a decision in the next 30 days as to whether or not there would be a policy change to offer principal reduction. The calls for principal reduction reached a fever pitch in early April when Watt’s fireside chat-style event on housing policy at Harvard Law School was cut short due to unruly behavior of protesters demanding principal reduction.“(A principal reduction policy) should be deployed broadly and quickly to homeowners in desperate need of this relief from the continuing damage caused by the housing crisis.”New York AG Eric SchneidermanNow Schneiderman has joined the ranks of those urging Watt to offer principal reduction to homeowners facing foreclosure. Schneiderman pointed out in his letter that “virtually all of the large commercial single-family lenders now include principal reduction in their foreclosure mitigation options for struggling borrowers” and that Fannie Mae’s and Freddie Mac’s refusal to offer principal reduction is “causing countless numbers of families to remain at risk.”“I urge you to move swiftly to create a principal reduction loan modification program and to ensure that this relief is provided to as many homeowners as possible, as it is the surest way to help the tens and thousands of families, both in New York State and throughout the country, who desperately need this relief,” Scheiderman said.Click here to view Schneiderman’s letter. Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago New York AG Asks Watt to Get Moving on Principal Reduction FHFA Mel Watt Mortgage Relief New York Attorney General Principal Reduction 2016-04-11 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago April 11, 2016 1,708 Views Subscribe Related Articles Demand Propels Home Prices Upward 2 days ago Previous: TRID Could Mean Trouble for GSE Risk Transfers Next: PHH Cries Foul, Claims CFPB Abused Its Power The Best Markets For Residential Property Investors 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. About Author: Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: FHFA Mel Watt Mortgage Relief New York Attorney General Principal Reduction Demand Propels Home Prices Upward 2 days ago  Print This Post in Daily Dose, Featured, Loss Mitigation, News Home / Daily Dose / New York AG Asks Watt to Get Moving on Principal Reduction Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Corruption Is An Offence Against Society: Supreme Court Sets Aside Gujarat HC Judgment Acquitting An Accused

first_imgTop StoriesCorruption Is An Offence Against Society: Supreme Court Sets Aside Gujarat HC Judgment Acquitting An Accused LIVELAW NEWS NETWORK2 Feb 2021 6:57 AMShare This – xOffences under the Prevention of Corruption Act are offences are against the society, the Supreme Court observed while setting aside a Gujarat High Court judgment acquitting an accused in a corruption case.In this case, the accused, who was an Assistant Director in ITI, Gandhi Nagar was convicted for the offences punishable under Section 7 read with Sections 13(1)…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginOffences under the Prevention of Corruption Act are offences are against the society, the Supreme Court observed while setting aside a Gujarat High Court judgment acquitting an accused in a corruption case.In this case, the accused, who was an Assistant Director in ITI, Gandhi Nagar was convicted  for the offences punishable under Section 7 read with Sections 13(1) and 13(2) of the Prevention of Corruption Act. Allowing the appeal, the High Court acquitted him and aggrieved with this, the State approached the Supreme Court.Perusing the judgment, the Apex Court bench observed that there is no re­appreciation of the entire evidence on record in detail while acquitting the accused by the High Court. It said:We have perused the impugned judgment and order of acquittal passed by the High Court to ascertain whether the High Court has conformed to the principles while exercising in the criminal appeal against the judgment and order of conviction. We find that the High Court has not strictly proceeded in the manner in which High Court ought to have while dealing with the appeal against the order of conviction. On perusal of the impugned judgment and order of acquittal passed by the High Court, we find that, as such, there is no re­appreciation of the entire evidence on record in detail while acquitting the respondent – accused. The High Court has only made general observations on the depositions of the witnesses examined. However, there is no re­appreciation of the entire evidence on record in detail, which ought to have been done by the High Court while dealing with the judgment and order of conviction passed by the Learned Trial Court.Regarding the appeal against acquittal, the bench observed thus:An Appellate Court while dealing with an appeal against acquittal passed by the Learned trial Court, is required to bear in mind that in case of acquittal there is double presumption in favour of the accused. Firstly, the presumption of innocence is available to him under the fundamental principle of criminal jurisprudence that every person shall be presumed to be innocent unless he is proved guilty by a competent court of law. Secondly, the accused having secured his acquittal, the presumption of his innocence is further reinforced, reaffirmed and strengthened by the trial Court. Therefore, while dealing with the cases of acquittal by the trial Court, the Appellate Court would have certain limitations.The court said that, in an appeal against the order of conviction is concerned, there are no such restrictions and the Court of appeal has wide powers of appreciation of evidence and the High Court has to re­appreciate the entire evidence on record being a First Appellate Court. While setting aside the judgment of the High court, it observed.”The High Court ought to have  appreciated that it was dealing with the offences under the Prevention of Corruption Act which offences are against the society. And therefore the High Court ought to have been more careful and ought to have gone in detail. We do not approve the manner in which the High Court has dealt with the appeal.”The bench therefore remanded the matter to the High Court.CASE: State of Gujarat  vs. Bhalchandra Laxmishankar Dave  [CRIMINAL APPEAL NO.99 OF 2021]CORAM: Justices Ashok Bhushan, R. Subhash Reddy and MR ShahCITATION: LL 2021 SC 58Click here to Read/Download JudgmentRead JudgmentNext Storylast_img read more

Divers find body of last missing victim in deadly California boat fire

first_imgTwitter/@VCFD_PIO(SANTA BARBARA, Calif.) — Divers have recovered the body of the final missing victim of a boat fire off the Southern California coast that killed 34 people last week.The Santa Barbara County Sheriff’s Office announced on Twitter Wednesday that it “is relieved to report that search and recovery efforts today were successful in locating the last missing victim.” DNA testing is still being conducted to confirm the identities of seven of the 34 victims recovered, the sheriff’s office said.The bodies were pulled from the submerged wreckage of a chartered dive boat that caught fire before dawn on Sept. 2 near the Channel Islands, about a mile off the coast of Santa Barbara.There were 39 people aboard the 75-foot vessel, named the Conception, when it burst into flames. Five crew members, including the captain, who were all on the top deck jumped overboard and survived. The 34 others were apparently sleeping below deck and became trapped when flames blocked both a stairway and an escape hatch, according to the sheriff’s office.The burning boat sank in 65 feet of water and overturned as firefighters battled the flames. A day later, the U.S. Coast Guard called off the search for possible survivors, shifting its efforts to search and recovery.DNA collected from family members is being used to identify the victims, who are believed to range in age from in their teens to their 60s, according to the sheriff’s office.The National Transportation Safety Board has launched an investigation into what caused the fire. The agency sent a 16-member investigative team to the scene last week. They are collecting evidence and expected to interview the crew, witnesses and first responders, according to NTSB member Jennifer Homendy.A full report on what led to the calamity is not expected for over a year.During an interview with ABC News last week, Homendy said the crew members tried to get to the passengers sleeping below deck but were pushed back by fierce flames. They then went to the front of the ship and tried to break through its windows. When that didn’t work, they ultimately had to look out for their own safety.“At some point because of heat, smoke and fire they had to jump off the boat,” she said. he boat was required to have smoke detectors, fixed firefighting equipment in the engine room and fire extinguishers throughout, including ones at the front and rear of the vessel, according to Capt. Monica Rochester of the U.S. Coast Guard, who told reporters last week that all the required firefighting apparatus was accounted for during the most recent inspection.It remains under investigation whether the smoke detectors were working at the time of the blaze and if the crew attempted to use the firefighting equipment before abandoning ship, Rochester said. Copyright © 2019, ABC Radio. All rights reserved.last_img read more

euro watch: Law allows worldwide firms to be one entity

first_imgeuro watch: Law allows worldwide firms to be one entityOn 13 Feb 2001 in Personnel Today Previous Article Next Article Related posts:No related photos. Comments are closed. After 41 years of discussionand deadlock, the European Company Statute, or Societas Europaea, will finallybe passed. It will be adopted early next year and come into force in 2004. Political agreement was reachedon the regulation to establish a European Company Statute and on the relateddirective concerning worker involvement in European companies just beforeChristmas.The Commission estimates thatthe agreement could reduce costs for businesses in Europe, by up to 30bn euros.The European Company Statutewill give companies operating in more than one member state the option of beingestablished as a single company under community law. They will be able tooperate throughout the EU with one set of rules and a unified management andreporting system rather than all the different national laws of each memberstate where they have subsidiaries. The applicable law will then depend upon inwhich state the company decides to establish. A European Company Statute canbe set up by the creation of:A holding companyor a joint subsidiaryBy the merger of companies located in at least two member statesBy the conversion of an existing company set up under national law.Worker involvement is regulatedunder the directive, which requires negotiations with a body representing allemployees of the companies concerned. If an agreement cannot be reached, thedirective sets out standard principles in an annex. Companies which work underthe statute would be obliged to provide regular reports detailing businessplans, production and sales levels and implications for the workforce,management changes, mergers divestments, potential closures and layoffs. Thesereports would be the subject of regular consultation and information to anemployee representative body.In the case of a Europeancompany created by a merger, the standard principles on worker participationmust be applied when at least 25 per cent of staff had the right to participatebefore the merger.Priorities for the SwedishPresidencyA priority for the new Swedishpresidency, the directive on minimum requirements for worker information andconsultation rights in EU companies, will be on the agenda of the first formalSocial Affairs Council on 6 March.The directive would forcecompanies with 50 or more staff to consult with workers on issues such asredundancies and plant closures. This proposal will apply to national companieswith a threshold of 50 staff in any one member state and those employing20-plus staff in any one member state. Eurostat estimates 52 per cent ofemployees and 2 per cent of enterprises would be covered by the directive.Carrying on the socialobjectivesIn January, an informalministerial meeting entitled Gender Equality and Social Insurance was held inpreparation for the Stockholm Summit on 23-24 March.The focus was “on theposition of equal opportunities between women and men within the currentprocess of cooperative exchange on the modernisation of social protection whichhas been in progress since the EC’s communication of July 1999”.This is part of the scrutiny ofemployment and social policy in order to create a real balance and equality. Itis aimed at assessing proactive EU policy to counterbalance the effects of suchsocial challenges as the demographic time bomb and its implications for theemployment market as well as social policy and pensions; equal treatment andopportunity for all. Questions the presidency isasking ministers include: Should social protectionpromote higher and better quality employment participation among women aimingto enhance their autonomy and security, while taking account of existingincentives and disincentives for women’s labour market participation?Does the current economic andemployment climate, in terms of the development of EU policy processes, presentpositive opportunities for revising tax and benefit structures in order toidentify and eliminate disincentives for women’s participation in the labourmarket?The results should be availablebefore the Swedes hand over the presidency to Belgium in June.Date to note: 17May 2001 –  BrusselsThe European Human ResourcesNetwork meets with European Commission Employment and Competition Directoratesto discuss employment and social implications of merger and acquisition.BySusan Gibas secretary general of the European Human Resource Network, across-sectoral information network for European employers and HR strategistsdealing with issues of employment and the labour market in Europe. Contact [email protected]last_img read more