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Rainbow Tourism Group Limited (RTG.zw) HY2012 Interim Report

first_imgRainbow Tourism Group Limited (RTG.zw) listed on the Zimbabwe Stock Exchange under the Tourism sector has released it’s 2012 interim results for the half year.For more information about Rainbow Tourism Group Limited (RTG.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Rainbow Tourism Group Limited (RTG.zw) company page on AfricanFinancials.Document: Rainbow Tourism Group Limited (RTG.zw)  2012 interim results for the half year.Company ProfileRainbow Tourism Group Limited (RTG) is a well-established tourism and hospitality management company in Zimbabwe, with an extensive portfolio of owner-managed or leased hotels and conference facilities in Zimbabwe and Mozambique, aswell as a tour operator company. RTG operators in two sectors; Zimbabwe and Outside Zimbabwe. Its marketing and channel management division operates out of South Africa. Well-known hotels in its portfolio include Rainbow Towers Hotel and Conference Centre, A’Zambezi River Lodge, Victoria Falls Rainbow Hotel, Bulawayo Rainbow Hotel, Kadoma Hotel and Conference Centre, New Ambassador Hotel, Rainbow Beitbridge Hotel and Rainbow Hotel Mozambique. Rainbow Tourism Group Limited is listed on the Zimbabwe Stock Exchangelast_img read more

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DN Meyer Plc (DNMEYE.ng) HY2021 Interim Report

first_imgDN Meyer Plc (DNMEYE.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released it’s 2021 interim results for the half year.For more information about DN Meyer Plc reports, abridged reports, interim earnings results and earnings presentations visit the DN Meyer Plc company page on AfricanFinancials.Indicative Share Trading Liquidity The total indicative share trading liquidity for DN Meyer Plc (DNMEYE.ng) in the past 12 months, as of 2nd May 2021, is US$10.55K (NGN4.02M). An average of US$879 (NGN335.25K) per month.DN Meyer Plc Interim Results for the Half Year DocumentCompany ProfileDN Meyer Plc manufactures and sells high quality paint for the residential, industrial, automotive, marine and construction sectors in Nigeria. Products in its extensive range include decorative paint, wood paint, vehicles finishes, industrial and marine coatings, road lining paint, roof coating and tube coating. The company also produces a range of tile adhesives. DN Meyer Plc has business interests in selling and renting residential apartments and building and restoring properties. Founded in 1940 and formerly known as DN Meyer Plc, the company changed its name to Meyer Plc in 2016. The company’s head office is in Ikeja, Nigeria. DN Meyer Plc is listed on the Nigerian Stock Exchangelast_img read more

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Doomed dinosaurs and diversification

first_imgHave everything in shares, and you’ve no choice but to wait for the slow climb from the bottom to bring your portfolio back to life. That’s assuming you don’t sell at the nadir of a market crash because you think it’s left investors for dead. Your portfolio should similarly be able to withstand financial seismic activity. The dinosaur branch of life’s family tree was perfected for the status quo. While the Earth was humid, swampy, and covered with vegetation, dinosaurs ruled. Our 6 ‘Best Buys Now’ Shares When their chosen sector is thriving, diversification looks like a loser’s game. Indeed the researchers found life would have been boosted by volcanic eruption. In time the sun-blocking particles would have fallen to leave clear skies. Carbon dioxide would have remained at an elevated level, however, fuelling enhanced plant growth worldwide. Unless stock markets are completely wiped out by revolution and nationalisation – the equivalent of the Earth running into the sun, perhaps – history shows that economies and their listed proxies eventually recover their losses. They concluded this by modelling not just the climactic impact of both scenarios, but also factoring in the living habits and nutritional requirements of dinosaurs. Yet shares – like life on Earth – inevitably find a way to grow back. But today’s market mania is tomorrow’s stock market slump. The most popular theory has long been that the so-called Chicxulub asteroid impact made the world unlivable for dinosaurs. Dinosaurs couldn’t live in the post-Chicxulub era. But some form of life clearly did go on – otherwise I wouldn’t be writing to you and you wouldn’t be reading! Absolutely! I’m such an investing nerd that I can’t even read a story about the demise of my childhood faves without thinking about the stock market. Scientists at Imperial College claim they’ve proven it really was an asteroid that wiped out the dinosaurs some 66 million years ago. But invest some of your net worth into other assets – cash, bonds, gold, property, and so on – and you might see green shoots in your portfolio even as your shares are in what looks like a death spiral. Scientists had in effect two suspects at the scene of the crime. Their model demonstrated that, either way, you wouldn’t want to be a dinosaur 66 million years ago. Wipeouts are rare for the entire stock market, as we’ve discussed. But elsewhere, even investors hit hard by the likes of World War 1 and World War 2 made back their losses, eventually. Markets survived.Diversify or dieThe tenacity of life – even if you throw volcanic eruptions and massive rocks from space at it – is one parallel I see with shareholder capitalism and investing. True, the revolutions that led to Soviet Russia and Communist China did destroy their stock markets. Investors in those countries were the equivalent of dinosaurs marooned in a perpetual winter. Don’t invest like a dinosaur! But sector-specific asteroid strikes are all-too common, whether due to changing economic circumstances or simply the bursting of a bubble. 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. The equivalent I see is concentration versus diversification in our portfolios. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. However the model found that only the asteroid impact produced worldwide conditions sufficiently dinosaur-unfriendly to wipe them all out. However some pointed to a coincident feisty volcanic period as a possible cause. It’s very rare for the stock market to be entirely wiped out, as I said above. But if you only have, say, 25% of your portfolio in the darlings of the day when they’re hit, then three-quarters of your investments can cushion your losses.There’s more to life than sharesFinally, we should consider other asset classes besides shares. The tech boom at the turn of the century, oil exploration and production outfits a decade or so ago, gold miners, and recently high-growth ‘platforms’ in the US. But 20-50% declines in equities – analogous to the hostile environment created by volcanic disruption – come along pretty often. Owain Bennallack | Saturday, 25th July, 2020 Both theories presume sunlight was blocked out for years – either from the debris and gases kicked up by the equivalent of a car prang from outer space, or by volcanoes churning out particles and gases – and that this plunged Earth into a decades-long winter.Big Bash TheoryHowever the Imperial researchers (working with others from the University of Bristol and UCL) claim their new model proves the asteroid theory is right. Even the dinosaur line was diversified enough that some of them would have survived if they’d only faced a short, sharp shock from volcanic activity. But when things went dark, it was small, scurrying and tenacious animals that ran over the bones of their previous overlords. Mammals were the also-rans in the dinosaur world, but they prospered and evolved after the asteroid strike. Simply click below to discover how you can take advantage of this. Life survived on earth because it was diversified against unthinkable shocks.The dinosaurs didn’t because they weren’t. Doomed dinosaurs and diversification During my 20 years’ involvement with The Motley Fool, I’ve watched numerous waves of investors put all their money into very narrow slices of the market. “This Stock Could Be Like Buying Amazon in 1997” Volcanic activity was not found to be sufficient to disrupt all ecosystems. Some dinosaurs would have survived, but the record suggests they didn’t.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…Life – and the stock market – finds a way“Hold up!” you cry. “I’m glad I’ll no longer be kept awake at night by the asteroid impact versus volcanism debate – but isn’t this an investing newsletter?” Many dotcom investors lost 90% or more of their portfolio’s value when the market burst. That sort of crash can finish you as an investor. 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. How many times have we heard this or that market-smashing event described as the equivalent of an asteroid screaming unseen from the void? Enter Your Email Address The other lesson is diversification. See all posts by Owain Bennallacklast_img read more

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Earning passive income through shares

first_img Passive income may seem like a fairly modern phrase. The truth is that investors have been making passive income for years. Passive income in shares through dividendsPassive income in the stock market comes by way of dividends. Dividends, for those who don’t know, are a distribution of a company’s profits to its shareholders. It is easy to forget, but when you invest in a company you become a (very small) partial owner of that company.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…Shares usually come with voting rights, and large corporate deals often involve some purchase or sale of shares. As a partial owner, investors get to shares in the profits without actually having to work for the firm (or much at all). This is passive income at its purest.Not all companies pay dividends of course, and those that do pay different amounts. It is also a precautionary tale that, just as with a business you run, there can be good times and bad. When times are good you will earn more profit (that is dividends), but when times are bad you will earn less or even none.Dividend yield is keyOne of the greatest benefits of earning passive income through shares is that dividends are not actually paid as a percentage. In the UK firms pay dividends on a pence-per-share basis. Naturally the high the payout the better, but as a percentage return on your investment, it is highly dependent on the share price.This can be great news, because even if a firm has not changed its dividend payout, when its share price is low you can “lock in” a high dividend yield. The dividend yield is simply the percentage annual return on your investment – in simple terms calculated as dividend per year/share price.Of course, judging the share price is a little more difficult. Though it may be easy to see when a low price is driving a high dividend yield, it is harder to know if this is a short blip in the stock or a fundamental shift.Many such blips happen all the time, when some short-term news story drives selling for example. In these cases, the fundamental strengths of a firm don’t change, just immediate public opinion. Fear and greed are usually the main drivers of share prices in the short run.Sometimes, however, the problems bringing the price lower will be more fundamental. If weaknesses in a company are driving the price lower, it will not be offering good dividends for long.Despite this, though, some basic guidelines can help. Always look at larger, blue chip forms, for example, which usually run less risk of a massive share price crash. Diversify across a number of dividend shares to lessen the risk of any one company on your portfolio.As I said, passive income is by no means new. With good guidance and some common sense, investing in shares could be the way forward for many people. Karl Loomes | Saturday, 27th February, 2021 5 Stocks For Trying To Build Wealth After 50 Enter Your Email Address Image source: Getty Images. 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. 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. Simply click below to discover how you can take advantage of this.center_img Earning passive income through shares Click here to claim your free copy of this special investing report now! Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. 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. Our 6 ‘Best Buys Now’ Shares See all posts by Karl Loomeslast_img read more

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Journalism in death throes after six months of emergency

first_imgNews News Journalists threatened with imprisonment under Turkey’s terrorism law Related documents letter_and_legal_argumentation_-_to_the_chairperson_of_the_human_rights_investigation_committee_of_the_grand_national_assembly_of_turkey.pdfPDF – 430.24 KB On 1 December, an Istanbul magistrate ordered the seizure of the assets of 54 former Zaman employees, including Şahin Alpay, Mümtazer Türköne, Ali Bulaç, Hilmi Yavuz, İhsan Duran Dağı and Hamit Bilici, whose trial for alleged links to the Gülen movement has not yet started and who should in the meantime benefit from the presumption of innocence. In response to the growing abuses, RSF reiterates the calls made in its report entitled “State of emergency opens way to arbitrary rule,” starting with the repeal of the unconstitutional decree-laws and the immediate release of journalists who have been imprisoned in connection with their work. RSF also calls of an end to the isolation of journalists held in Section 9 of Silivri prison. April 2, 2021 Find out more No fewer than 775 journalists have had their press cards withdrawn by the General Directorate for Information and Media (BYEGM), an offshoot of the prime minister’s office, since the start of the state of emergency. They include T24 journalists Hasan Cemal and Doğan Akın, who were stripped of their cards at the end of October. Four months after its report entitled “State of emergency opens way to arbitrary rule,” RSF has conducted the following new evaluation of the increasingly arbitrary methods used by Turkey’s authorities against critical journalists. Neither charged nor released 149 media outlets dissolved at the stroke of a pen Journalists imprisoned without trial “After six months of this state of emergency, journalism is dying in Turkey,” RSF secretary-general Christophe Deloire said. “Pluralism is in the process of being destroyed and the remaining media outlets live under a permanent threat, in a climate of fear and intimidation fuelled by certain leaders’ comments. It is time to end these arbitrary practices and return to the constitution’s guarantees of media freedom.” The vast majority of the journalists imprisoned immediately after the failed coup attempt of 15 July are still awaiting the start of their trials. The requests for their release submitted by their lawyers have for the most part been rejected by magistrates subservient to the regime, without any plausible legal grounds being offered. In a very few cases, imprisoned journalists have been released provisionally but continue to await trial. They include Arda Akın, a reporter for the newspaper Hürriyet, who was released on 9 September after 24 days in detention; former Zaman columnists Lale Kemal and Nuriye Akman, who were freed on 12 October after being held for more than two months; and two Özgür Gündem columnists, novelist Aslı Erdoğan and translator Necmiye Alpay, freed on 29 December after more than four months in prison. RSF_en The trial of some of these journalists – a group from the southern province of Adana – is finally scheduled to begin on 10 March on a charge of “belonging to an illegal organization.” They include Aytekin Gezici and Abdullah Özyurt, who by then will have spent nearly eight months in detention. The trial of a second group of 28 journalists – of whom 25 are still in prison – is due to begin shortly thereafter. The defendants, who include Murat Aksoy, Atilla Taş, Hanım Büşra Erdal and Cihan Acar, will also face possible ten-year sentences on the same charge of “belonging to an illegal organization.” Unprecedented control of the Internet Several journalists have appealed to Turkey’s highest court, the Constitutional Court, requesting their release, but it has yet to respond. In reaction to its silence, the lawyers of two of these journalists have filed submissions to the European Court of Human Rights accusing Turkey of “illegal detention.” Many imprisoned journalists in strict isolation The RTÜK can also now deny a licence to any media outlet that allegedly poses a “threat to national security, public order or the general interest.” And it can deny a licence if the police or intelligence services identify any “links” between the outlet’s personnel and a “terrorist organization.” These rules are being applied to the detained Zaman journalists and to the 11 detained Cumhuriyet employees who are accused of changing the newspaper’s editorial line to suit the Gülen movement. According to the prosecutor’s office, Cumhuriyet’s coverage of sensitive stories such as Turkey’s arms deliveries to Jihadi groups in Syria, human rights abuses during military operations against Turkey’s Kurdish rebels and the alleged torture of suspected participants in the July coup attempt is all evidence of the newspaper’s “complicity” with the Gülen movement. Organisation A total of 149 media outlets considered sympathetic to the Gülen or Kurdish movements have been dissolved by decree or administrative decision since 20 July. The first decree dissolving 102 media outlets at the end of July has been followed by similar orders. Two dozen TV and radio stations were closed at the start of October. Fifteen Kurdish media were closed at the end of October. The range ofpluralism in Turkey has been reduced to pro-government media. to go further Most of the media closed by decree, including opposition TV channels Hayatın Sesi and İMC TV, are still awaiting a response from the administrative courts to which they appealed. They also plan to refer the closures to the European Court of Human Rights because the Constitutional Court announced in October that it was not competent to hear cases linked to decrees issued under the state of emergency. Although Nevzat Onaran has been a journalist for 17 years, the BYEGM told him on 16 December that his press card would not be renewed because of an old conviction on a charge of “putting people off military service.” Ten of the newspaper’s employees, including editor-in-chief Murat Sabuncu, columnist Kadri Gürsel, cartoonist Musa Kart and head of administration Bülent Utku, were arrested on 31 October. News April 2, 2021 Find out more Help by sharing this information January 20, 2017 Journalism in death throes after six months of emergencycenter_img The decree-laws have strengthened the powers of the High Council for Broadcasting (RTÜK), which can now suspend any radio or TV station for a day if it is deemed to have contravened the media law. For subsequent breaches, the suspension can be for five days, then 15 days, and then its licence can be withdrawn for good. A provision recently added to the RTÜK’s statutes prohibits “media coverage of terrorist acts, their perpetrators and their victims when it contributes to terrorism’s objectives.” Journalists who have fled the country now face another threat. Under Decree-Law No. 680, which took effect on 7 January, persons suspected of (or charged with) “subversive activities,” “attacks on the president,” “crimes against the government” or “membership of an illegal organization” can be stripped of their Turkish nationality if they do not respond to a summons within three months. Pluralism dying In accordance with the decree-laws adopted under the state of emergency, police are present when detainees talk to their lawyers and video cameras record their conversations. Journalists arrested for alleged links with the Gülen movement are subjected to especially strict isolation rules. They are held in Section 9 of Silivri prison, 70 km outside Istanbul, where they are denied access to mail and media, and their visitation rights are extremely limited. Hundreds of press cards rescinded Twenty of the closed media have finally been allowed to resume operating. Decree No. 675, for example, authorized the reopening of 11 local media outlets. But the scope of this relaxation is extremely limited, given the modest influence of these outlets and the enormous gaps remaining in the media landscape. “I haven’t seen a single prosecutor in the six months I’ve been held,” Zaman columnist Şahin Alpay said. “After being interrogated by the police, we were taken directly before a court [which ordered detention pending trial]. I am the oldest. I had my 73rd birthday in prison. My columns had nothing to do with the Gülen movement. I ask for my trial to start as soon as possible.” Hounding exile journalists, relatives More than 80 journalists are being held because they worked for media outlets sympathetic to Fethullah Gülen, the influential US-based Muslim cleric who was an ally of President Recep Tayyip Erdoğan before turning into his bête noire. Fewer than 30 of them have been issued with an indictment. In this release, Reporters Without Borders (RSF) examines the persecution of Turkey’s journalists and media under the state of emergency proclaimed exactly six months ago today, and urges Turkey’s national assembly to repeal all the decree-laws that are incompatible with its constitution and its international obligations. Ahmet Şık, a well-known investigative journalist who wrote occasional articles for Cumhuriyet, was also arrested as part of the same case on 29 December. Accusing Şık of supporting the Gülen movement is absurd because he spent a year in prison in 2011 and 2012 for criticizing the influence that the movement wielded within the state apparatus at that time. Internet service providers were also ordered to restrict access to a dozen VPNs and the Tor network, which allow users to circumvent censorship and encrypt all traffic. At the same time, Internet access was disconnected entirely for several days in Turkey’s mainly Kurdish southeastern regions. Twitter, YouTube and Facebook are now routinely blocked after every bombing or other emergency situation. But the authorities crossed a new threshold when they temporarily rendered the messaging services WhatsApp, Skype and Telegram inaccessible at the start of November. Turkey is ranked 151st out of 180 countries in RSF’s 2016 World Press Freedom Index. “Of the 168 hours that make up a week, I am allowed to see human beings for only two hours – an hour with my wife and an hour with my lawyer,” Sabuncu said. “We should have the right to visits from three other people but this rule is no longer being implemented.” Turkey’s never-ending judicial persecution of former newspaper editor Receive email alerts TurkeyEurope – Central Asia Condemning abusesReports and statistics Judicial harassmentPredatorsImprisonedFreedom of expressionCouncil of EuropeRSF PrizeInternet In a letter sent today to the national assembly’s commission of enquiry into human rights, RSF asks Turkey’s parliamentarians to repeal the decree-laws issued under the state of emergency. A detailed legal analysis accompanying the letter shows that the decrees are unconstitutional and incompatible with Turkey’s international obligations. Follow the news on Turkey In the increasingly arbitrary clampdown on media freedom during the past six months, the authorities have jailed around 100 journalists without trial, closed 149 media outlets, rescinded 775 press cards, withdrawn journalists’ passports and seized their assets without justification. Tighter grip on broadcasting News Human rights groups warns European leaders before Turkey summit April 28, 2021 Find out more Increasingly arbitrary sanctions TurkeyEurope – Central Asia Condemning abusesReports and statistics Judicial harassmentPredatorsImprisonedFreedom of expressionCouncil of EuropeRSF PrizeInternet Credit: Adem Altan / AFP Assets of 54 journalists seized Dozens of journalists have fled abroad in the past six months to escape the arbitrary actions of the courts and government officials. Former Cumhuriyet editor Can Dündar left after being sentenced to five years and ten months in prison in May and does not plan to return until the state of emergency is lifted. But his wife, Dilek Dündar, is stuck in Turkey. Her passport was cancelled without explanation on 4 August, as she was about to leave. The BYEGM withdrew the well-known journalist Amberin Zaman’s press card at the start of this month on the grounds that she had “incited hatred and hostility” by writing on social networks that “the Kurds constitute the most important force in the fight against Islamic State.”last_img read more

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Though 1M remain without, power slowly returns in Puerto Rico after back-to-back earthquakes

first_imgiStock(SAN JUAN, Puerto Rico) — After back-to-back earthquakes in Puerto Rico this week almost one million residents are without power and over 2,200 are living in shelters.Since Monday, the U.S. commonwealth experienced two earthquakes that measured magnitudes of 6.4 and 5.8, respectively, that killed one and injured eight others.“Many aftershocks” occurred and 23.6% of the citizens are without water as of Wednesday, said Carlos Acevado, director of the Puerto Rico Emergency Management Agency.“Generators are being moved once water plants get back online to those that don’t to try and power water plants,” Acevado said.Acevado said that 950,000 customers are without power, 2,267 people are in shelters within 15 towns and over 300 residents have major damage to their property.“This morning we had many aftershocks,” said Acevado.Dr. Lucy Jones, a seismologist with CalTech, says that while earthquakes happen every day — all around the world — if you never felt one in your entire life, feeling an aftershock is a “psychological phenomenon.”Southern California measured about 30,000 aftershocks in 2019 following a recorded earthquake.“We record magnitude 1.5s and twos every day … sevens happen once a month that may happen underwater and no one feels it,” said Jones, who retired from the United States’ Geological Survey.Jones told ABC News that over the next few days, the aftershocks will occur, but the magnitude will lessen and “die off quickly.”“The shaking affects people, not the magnitude… It can make people scared,” she said, adding, “but predicting an aftershock is like predicting rain in Hawaii.”Governor Wanda Vazquez on Tuesday urged the over 3.6 million citizens to “remain calm” as help from FEMA, the U.S. National Guard and financial funds of $130 million were released to assist with their state of emergency.Despite sequential quakes, their magnitudes were not strong enough to issue a tsunami warning.An earthquake that measures an eight or more can cause a “significant tsunami” and a warning would sound if it hits a seven, said Jones.Vazquez said they are still awaiting funds to fix more than half of their destroyed tsunami warning gauges, but Jones said they’re not necessary.“In Chile, everyone is taught in school, if your ground shakes and you’re near the shore, run. If the earthquake lasts a long time, get away from the water, there’s not time for a gauge,” said Jones who classified a magnitude eight lasting a “couple of minutes.” The 6.4 the island experienced on Tuesday lasted for five to 10 seconds. Copyright © 2020, ABC Audio. All rights reserved.last_img read more

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DOJ to probe restrictions placed on religious gatherings to curb coronavirus

first_imgiStock(NEW YORK) — While many countries around the world and cities in the U.S. are pointing toward positive signs that social distancing might be finally flattening the curve, the novel coronavirus death toll continues to be staggering with at least 113,000 dead worldwide.The U.S. is the global leader in the number of cases and deaths. More than 21,733 people in the U.S. have died as a result of COVID-19, the disease caused by the new respiratory virus, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. At least 550,000 people in the U.S. have tested positive and over 2.6 million Americans have been tested for the disease. Worldwide, more than 1.8 million people have been diagnosed since the virus emerged in China in December. The actual numbers are believed to be much higher due to testing shortages, many unreported cases and suspicions that some governments are hiding the scope of their nations’ outbreaks.Here’s how the situation developed Sunday. All times Eastern:11:52 p.m.: Trump associate, referenced at briefings, dies of virusA friend of President Donald Trump whom the president said entered the hospital “for a mild stay” but then slipped into a coma due to the coronavirus, has died, ABC News confirmed.New York real estate mogul Stanley Chera, a longtime friend of Trump, died at a New York hospital where he was battling the virus, a source said.Although the president never mentioned Chera by name during his briefings on the virus, he described Chera’s battle with COVID-19 as a sobering moment for him personally.“I have some friends that are unbelievably sick,” Trump said at the White House Coronavirus Task Force briefing on March 30. “We thought they were going in for a mild stay and, in one case, he’s unconscious, in a coma. And you say, ‘How did that happen?’”At the next day’s briefing, a somber Trump called on Americans to be “prepared for the hard days that lie ahead” as health advisers announced new projections indicating between 100,000 and 200,000 Americans could die from the virus.You “think of it as the flu, but it’s not the flu. It’s vicious,” Trump said. “When you send a friend to the hospital and you call up to find out how is he doing — it’s happened to me. Where he goes to the hospital, he says goodbye, he’s sort of a tough guy — a little older, a little heavier than he’d like to be, frankly — and you call up the next day, ‘How’s he doing?’ and, ‘Sir, he’s in a coma.’ This is not the flu.”Asked at the next briefing whether his friend’s struggle represented a turning point in this thinking about the virus, Trump said, “Yeah, well, not a turning point, no. Before that, I knew how — because I’m seeing numbers and I’m seeing statistics that are, you know, not exactly very good.”“But — but it hit him very hard,” Trump continued. “He’s strong — a very strong kind of a guy. But he’s older. He’s heavier. And he’s sort of central casting for what we’re talking about, and it hit him very hard. I’ve never seen anything like it.”8:49 p.m.: DOJ to investigate restrictions placed on religious gatheringsThe Justice Department could take legal action this week against certain restrictions put on religious institutions that state and local officials have implemented in order to force compliance with social distancing policies.A Justice Department official told ABC News that Attorney General William Barr is looking at “multiple” instances in which those seeking to attend worship services may have had harsher punishments directed toward them than others in the community who may have violated social distancing standards.The official said the department has specifically been “looking at” a case in Kentucky where a federal judge granted a temporary restraining order Saturday for a Louisville church that wanted to conduct drive-in services on Easter Sunday, as well as a Baptist church in Mississippi where police allegedly issued tickets against worshipers who attended drive-in services last Wednesday. It’s not clear yet, however, whether the department will actually seek to intervene in those cases. Justice Department spokesperson Kerri Kupec said in a tweet Saturday evening that Barr was “monitoring” the situation and to “expect action from DOJ next week!”“During this sacred week for many Americans, AG Barr is monitoring govt regulation of religious services. While social distancing policies are appropriate during this emergency, they must be applied evenhandedly & not single out religious orgs,” the tweet said.6:12 p.m.: Trump pushes governors to get testing programs “perfected”President Trump tweeted out to the nation’s governors to “get your states [sic] testing programs & apparatus perfected.”“Be ready, big things are happening. No excuses! The Federal Government is there to help,” he continued, adding that they should “gear up with Face Masks!”Several governors have been critical of the federal government’s response to the pandemic and its assistance to states and municipalities.5:50 p.m.: France’s death total tops 9,000French health officials said 310 COVID-19 fatalities took place over the last 24 hours, bringing the total number of virus related deaths in that country to 14,393. France is now the nation with the fourth highest coronavirus deaths, behind the U.S., Italy and Spain, according to data from Johns Hopkins University. 5:40 p.m.: Turkey president rejects interior minister’s resignationTurkish President Recep Tayyip Erdoğan turned down the registration of an interior minister who apologized for creating a commotion over a coronavirus curfew, according to reports. Interior Minister Suleyman Soylu “submitted his resignation to the President and our President told him that he did not find the request suitable,” Turkey’s communications ddirectorate said in a written statement to the state-run Anadolu news agency. The communications directorate noted that Soylu “has earned the gratitude of the Turkish nation,” since he took his position four years ago, according to the report. 4:11 p.m.: Turkey’s interior minister resigns after lockdown noticeSuleyman Soylu, Turkey’s interior minister, announced he would resign from his post after a short notice of a COVID-19 lockdown sent residents into crowded streets and stores. Soylu issued a 48-hour curfew on Friday for 31 provinces that went into effect hours later at midnight. Crowds “flocked to many shops and bakeries to buy last-minute goods,” Turkey’s state-run media, Anadolu, reported. Soylu apologized for causing the commotion and announced his resignation on Twitter. “In a process carried out diligently and meticulously, the responsibility for all implementation of the weekend curfew to stem the pandemic falls on me in every respect,” he tweeted. 2:55 p.m.: Two New Jersey cops die from coronavirusPolice officials from two New Jersey towns said they each lost a member of their units to COVID-19 on Sunday morning. The Patterson Police Department said Police Officer Francesco Scorpo, 34, died from complications of the disease. The nearly five-year veteran worked in the Patrol and Traffic Divisions, according to the department. Scorpo leaves behind his parents, wife Kristina, and two sons, Francisco Jr., 4, and Santino, 6 months. The Bedminster Township Police Department announced that Patrol Sgt. AlTerek Patterson passed away after losing his battle against the virus. Patterson began his service in 2006 and was promoted to sergeant three years ago. “Sergeant Patterson always had a smile on his face and touched the lives of so many residents at their time of need,” the department posted on its Facebook page. 1:04 p.m.: Spain to distribute 10 million masks to mass transit commutersThe Spanish government will be handling out 10 million masks at subways and other transportation hubs starting this week. The government is highly recommending that essential workers who can’t telecommute use a mask while traveling. The mask distribution at mass transit locations will begin either Monday or Tuesday, depending on the town’s Easter celebrations. As of Sunday, Spain has 166,019 COVID-19 cases and 16,972 deaths.12:30 p.m.: Italy cases rise to nearly 156,000The number of coronavirus cases in Italy increased by 4,092 over the last 24 hours, bringing the country’s total number of cases to 156,363, Italian health ministers said.The increase marked a 2.7% jump in the number of cases between Saturday and Sunday, compared to the 3% rise between April 10 and April 11, according to the health data.There were 431 new deaths on Sunday, bringing the total number of COVID-19 fatalities in the country to 19,899, health officials said. The increase in deaths was a 2.2% increase from Saturday, according to the data.11:45 a.m.: NY announces another 758 deaths; Cuomo wants to reopen state ‘as soon as possible’New York Gov. Andrew Cuomo announced another 758 deaths in the state over the last 24 hours. The state now has a total death count of 9,385.Cuomo noted that the death rate, while “at a terribly high level,” has appeared to have flattened.“You see also a flattening in the number of lives lost at a terribly high rate. But if you look back over the past several days, you see there’s a certain continuity to that number. Again, that’s the one number that I looked forward to seeing drop as soon as I open my eyes in the morning, and it has been flattening, but flattening at a terribly high level,” he said.Cuomo said the state wants to reopen “as soon as possible,” likening the constant routine of staying at home to the film “Groundhog Day.”“We want to reopen as soon as possible. Everyone does, on a societal level. Everyone does on a personal level. Let’s just end this nightmare, right?” the governor said. “Groundhog day. You get up every day, it’s the same routine. You almost lose track of what day of the week it is because they don’t even have meaning anymore. And there’s also some anxiety and stress that we’re all dealing with. So, we want to reopen as soon as possible.”Cuomo said there needs to be a well-coordinated strategy to avoid an uptick in the infection rate.“The last thing we want to see is an uptick in that infection rate and an uptick in those numbers that we worked so hard to bring down. So, we need a strategy that coordinates business and schools and transportation and workforce. What New York Pause did is it stopped everything at the same time. It was a blunt device, but it shut down everything at the same time,” he said.Cuomo also issued two executive orders: one directs employers to provide essential workers with a face covering when they are interacting with the public; the other is to expand the number of people who are eligible for the antibody test, which will show whether someone previously had the coronavirus and has since recovered.11:28 a.m.: NYC mayor sees encouraging signs of recoveryNew York City Mayor Bill de Blasio took a more hopeful tone during his daily press conference on Sunday, reiterating that although the city is not yet in the clear, he continues to see encouraging signs that it may be on the road to recovery.“I’m thrilled to be able to tell you just when we thought it was really going to get worse, we started to see some improvement,” de Blasio said. “I’m the first one to say, let’s not over rate that improvement. Let’s not draw too many conclusions too quickly. Let’s be clear and be willing to of course not only see the good, but see hope in the good.”The Mayor announced that the city currently has enough ventilators and PPE equipment to get through the next week, a positive shift from just a few weeks ago, when officials feared that the city was on the brink of running out of essential equipment.However, de Blasio added that the city barely has enough face shields and gowns to make it through the week and officials are working to distribute certain materials where they are most urgently needed. The mayor added that although the city will likely have enough supplies to get through the week ahead, he still worries about the following weeks.“So, this week we will get through. Next week we have real challenges we must address over the next few days,” he warned.De Blasio announced that in an effort to address the immense racial disparity in the city’s coronavirus cases, the city will open five additional testing sites in order to prioritize the needs of vulnerable communities. He also called on the federal government to assist New York City in acquiring even more tests.“I will be asking the federal government today for test kits to allow for 110,000 individualized tests. That will allow us to get started with this community effort and to continue everything else that we are doing, specifically 25,000 of those individualized test kits would be focused on health for their current needs and the new sites I have just described. And we need to get these test kits in this week,” de Blasio said.De Blasio also declared that he would now require all city workers who come in contact with people while on duty to wear a face covering while on duty. The new measure will begin on Monday.10:40 p.m.: UK reports 737 deaths in last 24 hoursThe United Kingdom has recorded 737 additional coronavirus deaths in the last 24 hours, bringing the total number of deaths for the country to 10,612, according to the Department of Health and Social Care.As of Sunday morning, the U.K. has 84,279 positive test results for COVID-19.9:30 a.m.: UK Prime Minister Boris Johnson discharged from hospitalBritish Prime Minister Boris Johnson was discharged from a London hospital on Sunday after spending the last week undergoing treatment for the coronavirus.Johnson, 55, was released from St. Thomas’ Hospital and was planning to travel to his country home, Chequers, in the London suburb of Buckinghamshire, to continue his recovery, a spokesperson said.“On the advice of his medical team, the PM will not be immediately returning to work,” the prime minister’s spokesperson said. “He wishes to thank everybody at St. Thomas’ for the brilliant care he has received. All of his thoughts are with those affected by this illness.”Following his release, Johnson posted video on Twitter thanking the National Health Service for “saving my life.”Johnson’s fiancée, Carrie Symonds, also thanked well-wishers on social media.“There were times last week that were very dark indeed,” Symonds tweeted. “My heart goes out to all those in similar situations, worried sick about their loved ones.”8:45 a.m.: Trump tweets Easter video calling coronavirus the ‘plague’Calling the coronavirus “the plague,” President Donald Trump wished Christians across the America a happy Easter in a 48-second video posted on Twitter and told them to stay separated and out of churches to help in the battle against the virus.“This Easter will be much different than others because in many cases we’ll be separated physically only from our churches,” Trump said. “We won’t be sitting there next to each other which we’d like to be and soon will be again, but right now we’re keeping separation, we’re getting rid of the plague.”He ended the message by telling Americans we’re “winning the war” and we will soon be “back together in churches right next to each other.”The message is a significant departure from Trump’s prediction back on March 24 that parishioners would “pack churches” by Easter Sunday. Trump later said it was an aspiration, longing to see churches filled by Easter.The United States is close to its peak of the novel coronavirus disease, Food and Drug Administration Commissioner Stephen Hahn said on ABC’s This Week.“The models do show that we are very close to the peak. So I think that information is accurate,” Hahn said. “This has been a really fast-moving outbreak, so we really have to take this day by day.”President Donald Trump has pushed to reopen the country as soon as possible — at one point even suggesting Easter as a target — but medical professionals have cautioned against reopening before even the start of May, cautioning that there could be a spike in infections if restrictions are lifted too soon.While he said it’s still too early to name a date, Hahn told “This Week” co-anchor Martha Raddatz, “We see light at the end of the tunnel.”On Saturday, April 11, 6,743 uniformed members of the NYPD were on sick report which accounts for 18.6% of the department’s uniformed workforce. Currently, 2,318 uniformed members and 471 civilian members tested positive for the coronavirus.This is a decrease of 1% from Friday evening when the NYPD said 7,096 uniformed members were out sick, which was 19.6% of the force.The Kansas Supreme Court said late Saturday night that Gov. Laura Kelly’s executive order that banned religious services of more than 10 people while the coronavirus pandemic is ongoing will remain in place.The Democratic governor filed the lawsuit on Thursday after a Republican-dominated legislative panel overturned her order. Kelly sued and then immediately appealed to the Kansas Supreme Court to decide quickly with Easter Sunday services just hours away.The court held unprecedented electronic oral arguments on Saturday morning, and after listening to arguments, it said the Legislative Coordinating Council lacked the authority to overturn the governor’s executive order.“My top priority has always been the safety and well-being of all Kansans,” Kelly said in a statement. “I know this pandemic is extremely hard for everyone. Each unprecedented action I’ve been forced to make in recent weeks has been taken in close consultation with the Kansas Department of Health and Environment, the Kansas Division of Emergency Management, the Attorney General, legislators and key stakeholders. That process will continue. Most other states, at the urging of the White House and Centers for Disease Control and Prevention, have taken similar steps to protect Americans to slow the spread of COVID-19.”Puerto Rico’s governor has extended an island-wide curfew until May in an effort to stem the spread of COVID-19 on the island.While wearing a face mask and gloves, Gov. Wanda Vazquez announced the lockdown continuation that started on March 15 would be extended until at least May 3.The curfew orders people to stay home from 7 p.m. to 5 a.m. and remain there even outside those hours unless they have to buy food or medicine, go to the bank or have an emergency/health-related situation. Violators face a $5,000 fine or a six-month jail term, and police have cited and arrested hundreds. Nonessential business were closed in March.According to Puerto Rico’s health secretary, the peak in cases for the island is not expected until early May. There have been about 7,700 people tested so far with more than 780 confirmed cases. Forty-two people have died on the island from COVID-19. There is a backlog of over 1,300 tests that are pending results. Copyright © 2020, ABC Audio. All rights reserved.last_img read more

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EB-5 funds sue to stop foreclosure sale on failed HFZ tower project

first_img Email Address* Share via Shortlink Contact Orion Jones Email Address* Message* Message* EB-5foreclosureHFZ CapitalReal Estate Finance Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Full Name* Tags Full Name* The entities suing say the property and their stake could still be saved. They contend a joint venture between HFZ and New York real estate mogul Kamran Hakim planned to inject $40 million into the project. That would cure the defaults and would fund 18 months of interest payments owed to Vanbarton, according to the suit. Hakim could not be reached for comment.The 400-year old Marble Collegiate Church contributed about $112 million in properties toward the joint venture with HFZ, according to the lawsuit. In exchange, the church — which runs a real estate arm called Collegiate Asset Management Corp. — would have received nearly $27 million in cash. It would also get 50 percent of the equity and a commitment that the HFZ-managed venture would build a fellowship hall and community facility.Israeli billionaire and diamond mogul Beny Steinmetz reportedly also has a loan on the project. In January, he was sentenced to 5 years in a Swiss prison for paying bribes to a public official in the West African country of Guinea in order to secure rights to an iron ore mine.The U.S. Immigration Fund, led by Nicholas Mastroianni, has been a prominent fundraiser for the EB-5 program, connecting foreign citizens with development projects. USIF has been the subject of several EB-5 lawsuits from investors. USIF has denied allegations of wrongdoing.Rich Bockmann contributed reporting.Contact Keith Larsen Suit alleges investor Kamran Hakim, at left, planned to inject $40 million to help save 29th and Fifth tower project. At right, HFZ’s Ziel Feldman. (Getty, HFZ)Entities acting on behalf of EB-5 funds are trying to stop a foreclosure sale that would wipe away a $60 million investment in a failed Manhattan tower project that HFZ Capital was to develop with a church.The three affiliates of EB-5 regional center U.S. Immigration Fund are suing the project’s mezzanine lender, Vanbarton Group. The lender provided HFZ with a $91 million loan to help finance the project. The lawsuit contends Vanbarton cannot foreclose on the West 29th Street property because it wrongfully obtained an interest in the property.The foreclosure sale is set for Friday; it would also wipe out HFZ and the church’s stake in the project.HFZ, which has been beset by financial troubles, had entered into a joint venture with Marble Collegiate Church to build a 34-story office tower designed by Bjarke Ingels on church property. HFZ enlisted a portion of funding through the EB-5 visa program. The investment was structured not as a loan but as a riskier preferred equity. In addition to defaulting on the Vanbarton debt, HFZ has also faced liens and lawsuits from subcontractors on the project.The three entities that filed suit in New York Supreme Court on Thursday also allege Vanbarton is trying to commence the sale without approvals from the state attorney general as required by law.Vanbarton threatened legal action against an affiliate of the church, according to the filing, and possibly individual ministers, deacons and elders, if the church raised these concerns about the sale.Vanbarton did not immediately return a request for comment. Ziel Feldman-led HFZ and its attorney did not provide a comment. A lawyer for the entities that filed suit did not comment. Marble Collegiate did not return a call for comment.Read moreZiel Feldman, Nir Meir accused of fraud over $30M loan Foreclosures tied to 4 HFZ condo buildings halted, for now EB-5 is back in the doghouselast_img read more

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Report: Germany delays MKS 180 contract award

first_img View post tag: German Navy October 11, 2016 Authorities Back to overview,Home naval-today Report: Germany delays MKS 180 contract award View post tag: MKS 180center_img Report: Germany delays MKS 180 contract award A 4 billion euro (approx. $4.5B) contract for the construction of the German Navy’s new MKS 180 (Mehrzweckkampfschiff) ship has been delayed by six month, news agency Reuters has reported.The German defense ministry is postponing the contract to ensure high-quality standards are met, the report said.This means that the final agreement can be expected to be made by the end of 2017.Acquisition of the Multi-role Combat Ship 180 (Mehrzweckkampfschiff MKS 180) – previously designated as ‘Korvette 131’ – is one of the biggest German defense projects. Three teams made up of two companies each are in the race for the contract.German Naval Yards Kiel has teamed up with British BAE Systems in a bid to steal the contract from the ThyssenKrupp Marine Systems/Lürssen duo and the Dutch-German team made up of Damen and the Blohm+Voss shipyard.Four ships are planned to be built with the first one entering service in 2023 under a planned budget of €3.9 billion (US$4.3 billion).Operational requirements initially set the number of ships to be built at 6, but financial constraints forced Germany to cut the number to four. According to the German Navy, the decision whether to build boats five and six will be made at a later point in time. Share this articlelast_img read more

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“READERS FORUM” JUNE 10, 2017

first_imgWhats on your mind today?Todays “READERS POLL” question is: Are you pleased with the new layout and design of the City County Observer?We urge you to take time and click the section we have reserved for the daily recaps of the activities of our local Law Enforcement professionals. This section is located on the upper right side of our publication.If you would like to advertise or submit and article in the CCO please contact us City-County [email protected] LinkEmailSharelast_img read more