The Rolls-Royce share price just jumped 44%. Here’s what I think happened

first_img 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. Tom Rodgers | Wednesday, 11th November, 2020 | More on: RR Enter Your Email Address The Rolls-Royce (LSE:RR) share price has rocketed over 40% in the last two days. So what exactly has happened to the British aerospace and engine manufacturer?Bombshell news hit world stock markets at about 11.30am on Monday 9 November. UK shares that had been wallowing in the doldrums suddenly started to tick up. And up. And up a lot more. 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…Before we knew it, within two hours the Rolls-Royce share price had gained 37%.Big gains and fastFor a FTSE 100 stock to rise this much is practically unheard of.  A FTSE 100 share might rise or fall between 2% to 3% in a day, and we would consider that to be very noteworthy news. But 37% in two hours? And 44% in two days? That’s fast. It was, of course, news of a potential Covid-19 vaccine candidate from Pfizer that shocked the world.Why the Rolls-Royce share price soaredWhile Rolls-Royce doesn’t sell products in the consumer-facing travel or retail sectors, it does rely on selling its engines to passenger airlines for a large proportion of its income. The Trent 900 powers the Airbus A380 and the Trent 1000 is used in the Boeing 787, for example. Far fewer planes are in the sky, and companies like British Airways owner International Consolidated Airlines Group are losing hundreds of millions a week in cash burn. RR’s customers are slashing their plans for future spending.Its sales outlook suddenly looked very poor indeed. So the stock market has been trading the Rolls-Royce share price at a massive discount. A working Covid-19 vaccine would change all that.   In short order The sudden hike isn’t just down to optimism over the future of the Rolls-Royce share price though. There’s another more technical reason at play.Short-sellers — traders who bet that the price of companies will go down, rather than up — were caught out by the Covid-19 vaccine news. When unforeseeable good news hits the market, shares considered likely to continue falling suddenly spike. This causes what’s called a ‘short squeeze’. It’s a kind of cascade effect, where short-sellers are forced to buy back shares at an ever higher price.This pushed the Rolls-Royce share price up by a lot in a very short space of time.Long-suffering Rolls-Royce shareholders might have allowed themselves a little chuckle to see people betting against the company lose so much money.Rolls-Royce futureThe share price has been one of the FTSE 100’s hardest hit by the pandemic. It’s been one of the worst years in the company’s 114-year history, that’s for sure. Covid-19 crippled the aviation industry. And Rolls-Royce has seen its balance sheet, revenue and profits crumble. It was forced to raise £2bn through a rights issue. Bosses scrapped the much-vaunted dividend payout for the first time since 1987.But if the travel bans are over? If Rolls-Royce customers can fly their planes and will start buying engines again, this is very good news for shareholders. The market is now expecting beaten-down FTSE 100 bargain shares to soar higher.While the outlook for the share price is suddenly better than it has been in months, I wouldn’t get too carried away. I see it deflating in the short term. It could also be a very long time before large-scale travel, and therefore sales, return.  Simply click below to discover how you can take advantage of this. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Tom Rodgerscenter_img Our 6 ‘Best Buys Now’ Shares The Rolls-Royce share price just jumped 44%. Here’s what I think happened “This Stock Could Be Like Buying Amazon in 1997” 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. TomRodgers has no position in any of the shares mentioned. 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.last_img read more

St. Mary’s Sewanee calls John Runkle as executive director

first_img An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Rector Shreveport, LA AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Tampa, FL Director of Administration & Finance Atlanta, GA 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 This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Bishop Diocesan Springfield, IL Rector/Priest in Charge (PT) Lisbon, ME Associate Priest for Pastoral Care New York, NY Canon for Family Ministry Jackson, MS New Berrigan Book With Episcopal Roots Cascade Books Submit a Job Listing Course Director Jerusalem, Israel Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Featured Events 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 [St. Mary’s Sewanee, Tennessee]  The Ayres Center for Spiritual Development is pleased to announce that the Rev. John Runkle has accepted the board of trustees’ call to become the center’s third executive director. As an Episcopal priest, he has served a number of parishes in Virginia, North Carolina and Tennessee since being ordained in 1999. Most recently, Runkle has served on the staff of St. Mary’s Episcopal Church in Arlington, Virginia. A licensed architect, Runkle has also served as the Canon for Architecture and the Arts in the Diocese of Washington. From 2005 to 2010, Fr. Runkle served as the Cathedral Conservator at Washington National Cathedral.A prolific writer, Fr. Runkle’s book, Searching for Sacred Space: Essays on Architecture and Liturgical Design in the Episcopal Church is a collection of thought-provoking essays that focus on liturgical space and its proper support of common worship. A popular speaker at lectures, conferences and retreats, he also teaches at Virginia Theological Seminary and Wesley Theological Seminary on the theology of sacred space and history of religious architecture.In 1999, Runkle received his Master in Divinity from the University of the South; preceded in 1984 by a Bachelor of Architecture, with honors, from the University of Tennessee and a Bachelor of Art, magna cum laude, from Mary Baldwin College.  St. Mary’s Sewanee: The Ayres Center for Spiritual Development is dedicated to providing spiritual hospitality to persons of diverse religious and spiritual backgrounds, in a place of natural beauty, simplicity, silence, tranquility and warm spiritual rest through retreats, renewal and learning. For more information about St. Mary’s Sewanee and its programs, click here. Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs 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 Rector Pittsburgh, PA Youth Minister Lorton, VA Submit an Event Listing Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Assistant/Associate Rector Washington, DC Missioner for Disaster Resilience Sacramento, CA The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Cathedral Dean Boise, ID Press Release Service Featured Jobs & Calls Tags Rector Belleville, IL center_img Rector Bath, NC Assistant/Associate Rector Morristown, NJ Associate Rector for Family Ministries Anchorage, AK Rector (FT or PT) Indian River, MI Rector Martinsville, VA Rector Albany, NY Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector Collierville, TN Curate (Associate & Priest-in-Charge) Traverse City, MI Family Ministry Coordinator Baton Rouge, LA Rector Washington, DC Submit a Press Release Posted Sep 25, 2013 Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Associate Rector Columbus, GA Rector Knoxville, TN Priest Associate or Director of Adult Ministries Greenville, SC Rector and Chaplain Eugene, OR Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Assistant/Associate Priest Scottsdale, AZ Priest-in-Charge Lebanon, OH Rector Smithfield, NC In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector Hopkinsville, KY People Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Director of Music Morristown, NJ Curate Diocese of Nebraska An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET St. Mary’s Sewanee calls John Runkle as executive directorlast_img read more

People’s Postcode Lottery offers £1m Dream Fund

first_imgPrevious winnersTo date the Dream Fund has granted over £1.4m to over 15 projects, including Missing People and WWF.Missing People used the funding to work alongside PACT (Parents and Abducted Children Together) to develop an enhanced Child Rescue Alert system. The alert system has been designed to alert anyone by text, email or pop-up, who has signed up to the service to be alerted in the event of a child’s abduction.Missing People CEO Jo Youle said: Advertisement People’s Postcode Lottery offers £1m Dream Fund Charities and community groups across Great Britain can now apply to the Dream Fund from the People’s Postcode Lottery. The £1 million fund is designed to support two ‘dream projects’ which can be created over a 24-month period.This is the fifth year of the Dream Fund and is the largest sum it has offered so far. This year there is a first prize of £750,000 and a runner-up prize £250,000. These are open respectively to charities with incomes of above and below £1.5 million.Every application must come from a collaboration of charities, with the lead being a registered charity. Other partners must be not for profit organisations.Projects should support one of the following criteria:Advancement of participation in sportsAdvancement of community developmentAdvancement of environmental protectionAdvancement of healthAdvancement of human rightsPrevention of poverty, distress and sickness Howard Lake | 2 September 2014 | News “Put simply, we couldn’t have launched it without winning the Dream Fund. We aim to have one million people registered to receive Alerts by May 2015, helping us to raise the alarm when the worst happens.”50p from every £2 People’s Postcode Lottery ticket is awarded to charity, with players having already raised £47.2 million for charities and good causes across Great Britain and globally to date.People’s Postcode Lottery Head of Charities, Clara Govier, said:“The Dream Fund is an opportunity for charities to finally work on a project they have always dreamed of. It’s designed to encourage charities and community projects to work together on a project that has always been just too big, or too expensive. Our previous winners have taken tremendous pride in finally seeing their dream projects come to life, all thanks to players of People’s Postcode Lottery.”Applications to the Dream Fund are open until 30 September 2014. The winners will be announced at a charity gala in January 2015. Tagged with: Funding About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2  48 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2last_img read more

Nearly half of London’s child poverty charities could shut due to coronavirus

first_imgNearly half of London’s child poverty charities could shut due to coronavirus  402 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Tagged with: COVID-19 Funding Some 40% of the charities supporting children will be forced to close within six months if they cannot raise the funds they planned due to coronavirus, according to research by The Childhood Trust.The Childhood Trust‘s study, which surveyed 65 child poverty charities in London collectively supporting 184,000 children and young people, has revealed that nearly 90% of the charities are certain that vulnerable children will go hungry due to the loss of free school meals, a shortage of staple foods and the loss of parental earnings during the coronavirus outbreak.51% of charities have stated that they will need financial support to ensure that an adequate supply of food can continue to go to the poverty stricken children who were already at risk of hunger in the UK’s worst affected city. A further third (35%) have also revealed the need for support in delivering food to them.89% of charities expressed an urgent need for emergency funding and other financial support from the state and nearly half (42%) surveyed anticipate losing up to £50,000 in funding due to the coronavirus with nearly a quarter anticipating losing over £100,000.Laurence Guinness, CEO of The Children’s Trust said:“The stark comparison between the funding decline in charities and vast increase in children who are going to need support is hugely worrying. Evidence from our network of over 200 funded charities highlights that the impact of this crisis is being disproportionately experienced by children whose lives are already challenged by poverty and its attendant hardships. For many of these children, the crisis is exacerbating chronic anxiety, stress, inadequate diets, domestic violence, loss of peer support and rapid mental health deterioration.”“After a decade of austerity and cuts to services for children the support that small, grassroots charities provide for children throughout London is more important than ever. The economic impact of COVID-19 is an existential threat to many charities’ ability to provide support once this crisis subsides. We need the Government to step in and provide specific charitable support immediately.”center_img  401 total views,  2 views today Advertisement About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via Melanie May | 1 April 2020 | Newslast_img read more

Low-wage workers’ struggle shows what’s to come

first_imgFred GoldsteinFrom a WWP Conference talk by Secretariat member Fred Goldstein.Six years after the crisis began and four years after the so-called capitalist recovery, our diagnosis of capitalism at a dead end has been completely confirmed.There are still close to 12 million officially unemployed, 8 million workers forced to work part time and millions who have dropped out of the workforce — perhaps 25 to 30 million workers unemployed or underemployed in the U.S. alone. The youth are hit the hardest, and Black and Latina/o youth suffer the most. This despite the Federal Reserve pumping $85 billion a month into the economy.The bosses and bankers are more and more resorting to speculative paper profits and looting public institutions, the way bankers are looting Detroit. But speculation and looting don’t create jobs; they destroy them. That is no way out of the crisis.Food stamps are being slashed. Hunger is on the rise. These cutbacks are hitting more than 4 million people, most of whom have jobs but still live in poverty.Unions are under attack, from the Boston school bus drivers to the Bay Area Rapid Transit union in San Francisco to New York school bus drivers. The pro-big-business Supreme Court is now hearing arguments about outlawing card check and employer neutrality agreements.The health care crisis of millions is being aggravated by the near collapse of the Affordable Care Act website. And the crisis is pushing capitalist politics to the right.Racist violence and repression persist, as illustrated by the cold-blooded murder of 19-year-old Renisha Marie McBride in Dearborn, Mich., by a trigger-happy racist. Attacks on women’s rights and lesbian-gay-bi-trans-queer people have escalated. Deportations of the undocumented have not slowed down, and the drive for further militarization of the border goes on. Militarism and the devastation of the environment continue unabated.In Europe there is record unemployment. In Africa, the Middle East, Latin America and the Caribbean, unemployment and poverty rates are much higher than in the big capitalist countries.Indeed, capitalism is still at a dead end. And it may soon be time for Workers World Party to think about marches to demand jobs and food.How high-tech capitalismcreates low-wage workersI would like to touch on the historic question confronting the party, the radical movement and, above all, the union movement: organizing the working class for the struggle against the bosses and ultimately against capitalism. I want to put into historical perspective the low-wage workers’ movement and its significance as a harbinger of future struggles.Karl Marx in the Communist Manifesto pointed out that the greatest accomplishments of the capitalist class were the development of gigantic productive forces and the creation of the working class. These two developments went hand in hand.The capitalist class concentrated the workers into great capitalist enterprises, bringing them out of rural isolation and putting them together, where they could organize against the very bosses who brought them there to exploit them and extract unpaid labor, or surplus value.Over the history of capitalism the character and organization of the working class changed as the development of the productive forces progressed, from the early period of craft associations — like tailors, shoemakers, weavers, wheelwrights — to the larger craft unions of the industrial era — pipefitters, engineers — to the semi-skilled industrial unions of the era of mass production and assembly lines.And in recent decades the capitalist class has created a vast service proletariat in the U.S. and other big capitalist countries.The U.S. agricultural population, who were the majority in the mid-19th century, was rapidly concentrated into cities, into factories and mines and mills, in the era of industrialization. Out of this grew the class struggle to create first craft unions and later, in the 1930s, industrial unions.But just as in the previous era the capitalist class created the industrial working class, in the era of globalization and the scientific-technological revolution, big capital has created the vast, low-wage service proletariat, which is now numerically preponderant.By pouring money and technology into commercial capital, transportation, finance and trade, the bankers and bosses have drawn millions of workers who were previously isolated in small businesses into low-wage, high-profit retail chains and healthcare services, education and transportation.Tens of millions who once worked in tiny shops, local stores selling stationery, lumber, hardware, groceries, clothing, appliances, books, as well as pharmacies, restaurants and diners, etc., were invisible, without an identity, so to speak. They were completely isolated from other workers and subject to the whims of a small business owner.What capitalism has done in the last 30 years is to concentrate these occupations into vast chains like Walmart, McDonald’s, Home Depot, Staples, CVS, Old Navy, Bed Bath & Beyond, Target, P.C. Richards, Barnes & Noble, Starbucks, and so on. Many have been placed side by side in great shopping malls and transportation hubs. The workers in these chains have a common employer, a common identity and a common knowledge of each other’s misery and exploitation. A McDonald’s worker in the Bronx can identify with and talk to a McDonald’s worker in East Los Angeles.In a word, the new high-tech, globalized phase of capitalism has brought these workers out of obscurity into the network of the socialized labor force. The situation cries out for organization.A myth that has circulated for years is beginning to be eroded by the low-wage workers’ actions. It says that the workers in these chains cannot be organized. They are too spread out. There is too much turnover. The owners have deep pockets and can crush any attempt to organize, etc.New radical movement is organizingFortunately, the new radical movement, both outside and inside the labor movement, including but not limited to Occupy Wall Street, has begun to look back in labor history to try to find precedents that will help guide them.One example, which I wrote about five years ago in “Low-Wage Capitalism,” is the great Woolworth’s sit-down strike of 1937, which led to organizing the chain. A paper, put out by forces from OWS, has instructive formulations:“In 1937 [Woolworth’s] had an empire of over 2,000 stores in the USA and Canada plus more in Cuba, the UK and Germany. … It was the WalMart of its day. It had ruthlessly put small mom and pop stores out of business. … Founder Frank Woolworth was an expert at finding cheap sweatshop and child labor in Europe.“At precisely 11 a.m. that February 27th, a union organizer blew a loud whistle and began yelling ‘STRIKE! STRIKE!’“150 women workers stopped work, folded their arms, sat down and the strike began.”In “Low-Wage Capitalism” you can read how the strike spread throughout the Woolworth chain, then to other department stores, to the East Coast and the Midwest.Quoting further from the OWS paper:“Generations of corporate propaganda have imbued us with the idea that the workplace is strictly private property; a holy ground upon which we tread only at the sufferance of its owners. … Freedom of speech, freedom of assembly and the right to petition grievances melt away within its sacred environs.”The document concludes that to organize workers will mean “challenging what Wall Street considers the private spaces of capitalism, the very lion’s den of global corporations. … This will be the Occupy Movement’s greatest challenge.”I want to point out two significant things about this piece. The example of the Woolworth’s strike shows convincingly that low-wage retail workers can be organized. And it shows that strikes and protests by the low-wage workers’ movement today are a harbinger of bigger struggles to come.To be sure, the industrial proletariat is also becoming more and more low-wage, and is still significant and highly strategic. But the low-wage service workers are now the preponderant section of the working class.Woolworth’s was spread out across the country. The owners were among the richest corporate families in the world. The major difference between then and now is that the workers were on fire in that period and the labor movement was supportive of the strike and the organizing drive.There are no structural barriers today to organizing the low-wage workers. The main barrier is fear among the workers in the midst of the economic crisis. But that may be diminishing. The other main obstacle is the timidity of the labor leadership in the face of this historic challenge.Some of the survivors of OWS and other radicals have evolved away from a general focus on broad income inequality to a focus on the plight of low-wage workers and their anti-capitalist mood is growing. To be sure, they are far from Marxism as we understand it. But a revolutionary party can ignore this at its peril — especially the anti-capitalist mood.The activists are influencing the workers in a left direction, and both the workers and the radicals will influence the labor movement. The urge of the workers to resist their terrible exploitation will drive this process forward and eventually lead to some form of break — as it did in the 1930s, when the workers forced the labor leadership to help them organize.It would be interesting to hand out thousands of applications or petitions to the workers demanding that unions come and organize them. This is what happened in the 1930s. The workers forced the labor leadership to organize them.I want to end on a theoretical note. The development of the productive forces which led to the creation of the service proletariat, the decimation of the industrial workers, and the rise of the giant chains and big box stores has brought capitalism to a dead end.The gigantic increase in the productivity of labor due to automation — especially robots and software, as well as computerized inventory systems and the management of global production chains — is the very same force that constitutes the material foundation for socialism.Under capitalism automation creates misery, speedup and unemployment. Under socialism automation will lift the burden of labor and create abundance. Wealth will be measured by the amount of leisure time workers have for their personal development as human beings.Capitalism has created the material and organizational foundation for socialism. What remains is to take that foundation away from the capitalist class by the revolutionary destruction of the profit system, to create a new social system upon the already existing material foundation created by capitalism — but free of exploitation and directed toward the fulfillment of human need. Namely, socialism.Down with capitalism! Fight for socialism! Build the multinational proletarian party!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Prosecutors booted in primaries

first_imgThe struggle in the streets has impacted the electoral arena in Democratic primary races for prosecutor in counties where Chicago and Cleveland are located. Incumbents were voted out of office on March 15. These cities were the scenes of community outrage and protests against racist police killings in 2014 — of 17-year-old Laquan McDonald in Chicago and 12-year-old Tamir Rice in Cleveland, both African Americans.It took Anita Alvarez, state’s attorney of Cook County, Ill., 13 months to indict the officer who fired the 16 shots that killed McDonald, despite a police dashcam video that clearly implicated him. Only after a judge ordered the video released — in response to journalists’ legal actions — did Alvarez indict the officer for murder.In Cuyahoga County, Ohio, prosecutor Tim McGinty had instructed a grand jury not to indict the officer who mercilessly shot Rice, a child playing with a toy gun in a Cleveland public park. Another officer then brutally tackled Rice’s 14-year-old sister, who had come to her brother’s aid.Both prosecutors were ousted in the primaries. The Black Lives Matter movement, the youths’ families and their allies accused them of collaborating with the police and abetting the cover-ups of these killings. Demonstration after demonstration demanded they step down — and the culpable police officers be charged, convicted and jailed.While confined to the electoral arena, these votes show the growing strength of the Black Lives Matter movement, which is determined to challenge government officials and police when Black people are senselessly gunned down by racist police.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

What we’re reading: California wildfire threatens towns, Gov. Abbott backs law enforcement

first_imgReddIt TCU places second in the National Student Advertising Competition, the highest in school history Cole DeLuca Tarrant County Elections said results will not be delayed on election night Twitter printCalifornia wildfire threatens townsMultiple California towns were told they should be prepared to evacuate as major wildfires move in their direction, according to CNN.The town of Oroville and the southeastern portion of Paradise have been warned that the North Complex Fire, one of the state’s major wildfires, is moving toward their town.Paradise was previously devastated by the 2018 Camp Fire which burned 240,000 acres and killed 74 people. New Jersey shook by rare earthquake An earthquake shook East Freehold, New Jersey, on Wednesday morning, according to ABC News.The 3.1 magnitude earthquake occurred at about 2 a.m. with reports of residents from Philadelphia and New York feeling the shake.“It would be very surprising for us to see anything more than you know, damaged shelves or picture frames falling off windows,” Robert Sanders, a geophysicist, said about the potential damage.Only two earthquakes have occurred within 10 miles of this location since 1970.A 3.1 magnitude earthquake shook East Freehold, New Jersey early Wednesday morning. (AP Photo/Ted Shaffrey)Gov. Abbott puts forth pledge backing law enforcementTexas Gov. Greg Abbott called for Texas political candidates to support law enforcement Wednesday by signing a new pledge, according to the Fort Worth Star-Telegram.Gov. Abbott called for the candidates to sign a pledge against defunding the police.Both parties are being called upon to sign this pledge in an effort to “back the blue.”Abbott is expected to also sign this pledge during a news conference Thursday from the Austin Police Association’s office. Texas Gov. Greg Abbott to ask candidates of both political parties to sign a pledge against defunding the police. (AP Photo/LM Otero)Tokyo vows Olympics will happen next summerJapan ensured that the Summer Olympic Games will occur in the summer of 2021, according to NBC News.Japan’s Olympic Minister Seiko Hashimoto told reporters the Olympic Games will be held in Tokyo in summer 2021 “at any cost.”“Everyone involved with the games is working together to prepare, and the athletes are also making considerable efforts towards next year,” Hashimoto said.The games were postponed for the summer of 2020 due to the COVID-19 pandemic.Tokyo vows that the 2021 Olympic Games will happen next summer “at any cost.” (AP Photo/Kiichiro Sato) Cole DeLuca Facebook + posts Previous articleTCU News Now 9/9/20Next articleEpisode 208 – Bucks Get Bucked Cole DeLuca RELATED ARTICLESMORE FROM AUTHOR Welcome TCU Class of 2025 TCU extends bus route and hours for Election Day Twittercenter_img Facebook Cole DeLuca The lightning-sparked North Complex Fire is burning across Northern California leaving many acres scorched. (AP Photo/Noah Berger) TCU will not open as a polling location this year ReddIt Linkedin World Oceans Day shines spotlight on marine plastic pollution Cole DeLuca Linkedin What we’re reading: Hurricane Delta could be updated to Category 4, Texas governor hints at bars reopening Cole DeLuca read more

Government soldiers attack radio journalists in Sud-Kivu province

first_img February 18, 2021 Find out more February 24, 2021 Find out more Democratic Republic of CongoAfrica Condemning abuses ViolenceImprisoned Organisation Help by sharing this information Journalist arrested on provincial governor’s orders February 16, 2021 Find out more Receive email alerts News News Follow the news on Democratic Republic of Congo FEDERICO SCOPPA / AFP center_img RSF_en Reporter jailed in DRC for allegedly defaming parliamentarian to go further Congolese reporter wounded by gunshot while covering protest in Goma Reporters Without Borders joins Journalist in Danger (JED), its partner organization in Democratic Republic of Congo, in condemning raids by members of the armed forces (FARDC) on two radio stations in the eastern province of Sud-Kivu on 8 May and the arrests of two journalists, one of whom is still held.RSF calls on the authorities to punish those responsible for these abuses and to release Eboko Amani, the journalist who is still detained. Amani was arrested on 9 May near Fizi, a town in the south of Sud-Kivu province, after his radio station mentioned the alleged role of FARDC members in the murder of a bandit. In the FARDC operations on 8 May, soldiers raided Radio Umoja and Radio Baraka – both based in Baraka, a city near Fizi – in search of journalists who had broadcast an appeal by civil society groups for a two-day general strike in the city in protest against violent crime. News Here is the press release that JED issued on 10 May: “Journalist in Danger (JED) expresses deep concern about the physical safety of journalists operating in the eastern province of Sud-Kivu, which has seen several attacks by members of the Democratic Republic of Congo Armed Forces (FARDC) in the past few days against journalists who were doing their job. According to information corroborated by JED, Eboko Amani, a reporter for Radio Muungano in Sebele, a village 12 km outside Fizi, a town located 165 km south of the Bukavu, the provincial capital, was arrested at his home at around 3 p.m. on 9 May by FARDC members and was taken to Fizi, where he is being held in a completely illegal manner at the local FARDC headquarters. Amani was arrested for broadcasting a report on 7 May about the murder of a bandit on the Sebele road by FARDC members. At around 9 p.m. on 8 May, a group of armed soldiers attacked Radio Baraka and Radio Umoja in Baraka, a city about 190 km south of Bukavu, seeking those in charge of these two radio stations because they broadcast a message by local civil society groups calling on the local population to observer a two-day general strike in the city in protest against the high level of violent crime. After first going to Radio Baraka and finding no journalist there, these uniformed soldiers went to Radio Umoja and arrested Gilbert Wasokye, a journalist who was hosting a live programme. He was forcibly taken to FARDC headquarters, where he was held in a cell for several hours, until released at around 9 a.m. on 9 May. Radio Baraka director Luc Lokendo told JED: “The civil society message that we relayed did not incite the population to rise up against the local authorities. In our various news programmes, we interviewed the territory’s administrator, who urged the public to go about their usual occupations as normal, and we interviewed civil society representatives, who called on the public to heed the strike call.” JED firmly condemns these attacks on media outlets and journalists in Sud-Kivu province and calls on the military commanders and local and provincial authorities to terminate this interference by the security services in the work of the media.” The DRC is ranked 152nd out of 180 countries in RSF’s 2016 World Press Freedom Index. News May 11, 2016 Government soldiers attack radio journalists in Sud-Kivu province Democratic Republic of CongoAfrica Condemning abuses ViolenceImprisoned last_img read more

Mortgage Delinquencies are Down; Debt is Up

first_img Mortgage Debt Mortgage Delinquencies TransUnion 2016-02-17 Brian Honea Subscribe in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 17, 2016 1,253 Views Previous: Fannie Mae Downgrades Economic Forecast, Citing Lackluster Growth Next: Investors, Take Note: Single-Family Rental Market’s Popularity is Still Surging About Author: Brian Honea 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. Related Articles Home / Daily Dose / Mortgage Delinquencies are Down; Debt is Upcenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Mortgage Debt Mortgage Delinquencies TransUnion  Print This Post Mortgage Delinquencies are Down; Debt is Up The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago While the share of residential mortgages that are seriously delinquent (60 days or more overdue) took a substantial drop to close out 2015, the average level of mortgage debt per borrower rose to its highest level post-recession, according to TransUnion’s Q4 2015 Industry Insights Report released Wednesday.The delinquencies fell by nearly a full percentage point over-the-year in the fourth quarter of 2015, from 3.29 percent down to 2.37 percent, according to TransUnion. The 28 percent decline is double the amount of decline the delinquency rate experienced from Q4 2013 to Q4 2014, and it is the largest percentage of decline since 2010 when the delinquency rate began to recover.“Overall, the consumer credit markets are performing well,” said Joe Mellman, VP and mortgage business leader for TransUnion. “It is a positive sign that delinquency levels have remained relatively low despite more borrowers receiving credit. We have seen a continued rise in the proportion of non-prime borrowers in both the auto loan and credit card industries, and that is a likely driver for the uptick in delinquency among recently originated cohorts in those sectors. We also believe lower energy prices and the resulting job losses in energy-dependent markets have played some role in delinquency rates. Even so, that impact appears at this point to be localized, and mild in terms of national effect.”Meanwhile, the average amount of mortgage debt per borrower climbed by 1.4 percent over-the-year in Q4, from $187,139 to $189,707—the highest level of debt per borrower since the crisis. The number of originations (viewed one quarter in arrears) spiked by 21 percent over-the-year in Q3 2015 while all risk tiers fell within 2 percentage points of the annual growth rate.“For the first time since the ‘refi’ boom, we believe some origination activity may be attributed to ‘last chance’ refinancing to lock in a low rate before the widely-anticipated Fed Funds Rate increase in December,” Mellman said. “This sustained high level of activity is an indicator of a broadly recovering housing market.”The fact that delinquency levels have risen by a relatively small amount as more consumers (particularly subprime borrowers) have gained access to credit products, including credit cards and auto loans, indicates that consumer credit markets are performing well.“It is a positive sign that delinquency levels have remained relatively low despite more borrowers receiving credit,” said Ezra Becker, VP of research and consulting in TransUnion’s financial services business unit. “We have seen a continued rise in the proportion of non-prime borrowers in both the auto loan and credit card industries, and that is a likely driver for the uptick in delinquency among recently originated cohorts in those sectors. We also believe lower energy prices and the resulting job losses in energy-dependent markets have played some role in delinquency rates. Even so, that impact appears at this point to be localized, and mild in terms of national effect.”Click here to view TransUnion’s entire Q4 2015 Industry Insights Report. Share Save Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agolast_img read more

PARC describes Kerry Council’s drink drive motion as ridiculous

first_img Man arrested in Derry on suspicion of drugs and criminal property offences released Pinterest A Donegal based road safety campaigner has called a Kerry County Council motion calling for rural people to be allowed to drink and drive as ridiculous.Kerry Cllr Danny Healy Rae has said that in certain circumstances people should be allowed to drink – in moderation – and then drive afterwards.He says permit holders would have to keep their speed down and stick to infrequently used roads.Cllr Healy Rae’s motion was passed at a meeting yesterday by a margin of five votes to three – the rest of the councillors were either absent or abstained.Susan Grey from PARC says there isn’t even a debate around the issue:[podcast][/podcast] Previous articleSinn Fein expresses concern over planned Castlederg flag protestNext articlePolice attacked and injured by Derry flag protestors News Highland Twitter Google+ WhatsApp Pinterest By News Highland – January 22, 2013 HSE warns of ‘widespread cancellations’ of appointments next week Dail hears questions over design, funding and operation of Mica redress scheme Google+center_img News Facebook PARC describes Kerry Council’s drink drive motion as ridiculous Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal WhatsApp Dail to vote later on extending emergency Covid powers Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more