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UK banking bailouts to break even

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first_imgTuesday 14 December 2010 9:42 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content Show Comments ▼ whatsapp Sharecenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropUndoJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUndo Tags: NULL THE UK is likely to break even or make a profit on its bailout of the banking system, a report from the National Audit Office claimed today. The NAO said the country will probably suffer “no overall loss” from its £850bn injection into Britain’s struggling institutions, despite a lingering £512bn exposure to banks including Northern Rock, Lloyds and RBS. The figures are much more optimistic than the Treasury’s estimate in 2009 that taxpayers would be on the hook for between £20bn and £50bn. The government said in its latest budget that the bailout would cost £2bn.However, the report warns that the state’s 83 and 41 per cent stakes in RBS and Lloyds respectively stand to make a £12.5bn paper loss if the government were to sell its shares immediately. For every 10p increase in the share prices, taxpayers would secure an additional £9bn on RBS and £3bn on Lloyds. The sell-off is set to be six times larger than the largest European sale of already listed shares. “Banks have made real progress as the NAO update shows,” said the British Bankers’ Association. “[It] supports the view that, when the government chooses to sell its shareholding in three banks, the taxpayer will be in the black.”The report has found that the UK’s £5bn annual interest rate payments on loans used to rescue the banks are being more than covered by fees as the companies pay back the money. UK banking bailouts to break even whatsapplast_img read more

Oryx earn-out payments lead to wider losses at Bragg in 2020

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first_imgAs a result, operating loss for the year widened from €8.1m to €11.9m, and after also including €1.4m in interest and other financial charges, loss before tax was €13.3m, compared to €9.8m in 2019. 25th March 2021 | By Robert Fletcher iGaming software provider Bragg Gaming Group said despite a 74.4% increase in revenue during its 2020 financial year, earn-outs related to its 2018 acquisition of Oryx Gaming led to an increased net comprehensive loss. Adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) was also up 450.0% year to €5.5m, with Bragg noting improved profitability across its business. Oryx earn-out payments lead to wider losses at Bragg in 2020 Tags: Bragg Gaming Group Oryx Gaming “Adam and I have taken active leadership roles within Bragg to ensure the future success of the company,” Carter, “We’re aligned in our strategy to grow the group’s underling operating profit margin and to expand rapidly into new markets, particularly the burgeoning US market.” Bragg put this down to organic within its existing customer base, as well as the onboarding of new strategic customers in jurisdictions around the world. Some 89% of revenue was derived from games and content services. The provider also noted the impact of new investment, which resulted in the full launch of the Oryx Hub, a new data analytics platform and customer engagement platform. Subscribe to the iGaming newsletter Bragg’s Malta operations accounted for €31.4m of all revenue, more than double the €14.8m generated in 2019. Revenue from its Curacao operations amounted to €8.8m, while Croatia revenue reached €1.6m. All remaining revenue was split between Germany, Romania, Serbia and other markets. Carter will replace founder Adam Arviv, who had been serving as interim CEO since September last year. “Our extensive experience and wide-ranging industry networks within this constantly expanding market will add significant value for Bragg shareholders,” Carter said. “We are now extremely well-positioned to capitalise on the strong growth in the online gaming sector globally.” Cost of revenue for the year amounted to €26.2m, up 79.5% year-on-year, which left a gross profit of €20.2m, an increase of 68.3% from €12.0m in 2019. Bragg paid €1.2m in tax, leaving a net loss from continuing operators of €14.5m. When also including a €90,000 loss from discontinued operations, as well as translation adjustment, net comprehensive loss for the full year was €14.5m, compared to €12.1m in the previous 12 months. The provider also published certain results for its fourth quarter, during which it experienced a record performance, with revenue climbing by 75.7% to €13.8m. Players spent a total of €3.2bn on Bragg games and content, up 50.1% year-on-year. Topics: Finance Full year results 2020 Q4 results 2020 Results 2020 Full year results 2020 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Adjusted EBITDA was up 70.8% to €1.3m, while net loss for the period remained level at €5.3m. However, selling, general and administrative expenses were also up by 54.6% to €22.8m, while Bragg also accounted for €9.3m related to pay-out settlements for its acquisition of Oryx Gaming. Details of the final €22.0m all-share payment were published in November. Players wagered a total of €11.8bn in 2020, up 73.5% during the previous year, while the number of unique users playing Bragg’s games and content rocketed by 113.6% to 5.9 million. Total revenue for the 12 months through to 31 December amounted to €46.4m (£40.0m/$54.8m), up from €26.6m in the previous year. “We’re particularly pleased with the overall performance of Bragg during 2020 and believe we have built strong foundations to support future market share gains and new market entry,” said Bragg chairman Richard Carter, who was yesterday (24 March) confirmed as the provider’s new chief executive. Interim CEO Arviv added: “We’ve made extraordinary progress in 2020 and are very pleased with the substantial revenue and EBITDA growth that we’ve delivered. “We continue to expand globally, enhancing our content portfolio and technology offering, and securing new customers across key geographies.” Email Addresslast_img read more

C & I Leasing Plc (CILEAS.ng) Q12019 Interim Report

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first_imgC & I Leasing Plc (CILEAS.ng) listed on the Nigerian Stock Exchange under the Investment sector has released it’s 2019 interim results for the first quarter.For more information about C & I Leasing Plc (CILEAS.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the C & I Leasing Plc (CILEAS.ng) company page on AfricanFinancials.Document: C & I Leasing Plc (CILEAS.ng)  2019 interim results for the first quarter.Company ProfileC & I Leasing Plc is a fleet management, outsourcing and marine services company in Nigeria with two subsidiaries in Ghana (Leaseafric) and the United Arab Emirates (EPIC International FZE). The company primary activity is offering extensions of structured operating and finance leases.  Subsidiaries of C&I Leasing Plc include C&I Petrotech Marine Limited, a leading player in the offshore marine vessel sector with a fleet of over 20 vessels which includes terminal tugs, patrol vessels, fast support intervention vessels and a platform support vessel; C&I Outsourcing, offering Human Resource solutions for companies in Nigeria which includes human resource outsourcing, recruitment, HR consultancy and personnel evaluation; and SDS Training Services, offering custom-designed modules for training and education programmes, personnel training, driver recruitment and training and a consultancy service for strategic partners. C&I Leasing offers a fleet management service to improve fleet efficiency and productivity. C&I Leasing Plc has the sole franchisee for Hertz-Rent-A-Car in Nigeria and has run the Hertz operation for over 20 years. The Hertz subsidiary division manages over a 1 000 vehicles and a team of professional chauffeurs and offers an airport transfer service and daily rental service. C&I Leasing’s head office is in Lagos, Nigeria and has offices in Ghana and the United Arab Emirates. C & I Leasing Plc is listed on the Nigerian Stock Exchangelast_img read more

1 of the best UK shares to buy for the new bull market

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first_img1 of the best UK shares to buy for the new bull market 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. 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. “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Amazon and Netflix. The Motley Fool UK has recommended Lloyds Banking Group and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon. 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. 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.center_img Enter Your Email Address See all posts by Royston Wild Simply click below to discover how you can take advantage of this. It’s almost a year since since UK share markets fell through the floor. But investor confidence is yet to fully recover from the stock market crash that took the FTSE 100 to multi-year lows. In fact, the Footsie is still trading at an 11% discount to those pre-crash levels below 6,600 points.Major UK share markets have failed to replicate the strong rebounds of other major international indices for various reasons. Firstly, the economic recovery in Britain threatens to be weaker than those of other nations due to the twin pressures of Covid-19 and Brexit. The services-heavy nature of the British economy also leaves it in huge danger of languishing for longer should coronavirus lockdowns drag well into 2021 and possibly beyond.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…UK shares set to rebound?There’s also the fact that, unlike the FTSE 100 for example, indices like the Nasdaq and the Nikkei are packed with tech companies. These sorts of companies have enjoyed a strong profits uplift from the rise of e-commerce, remote working and video streaming, among other causes. Amazon and Netflix are just a couple of US shares that have enjoyed a considerable profits bump over the past year.By contrast, the FTSE 100 has a strong weighting to banks and oil producers. Cyclical UK shares like these include Lloyds and BP that have been hit hard by Covid-19. And they stand to suffer further if the economic recovery fails to ignite.But could now be the time to buy UK shares? There are a lot of quality companies I think remain pretty cheap following the 2020 stock market crash. And signs of falling coronavirus cases across much of the globe suggest that we could be on the cusp of a robust economic upturn.Expensive but exceptional?Recent studies suggest that investing in the recruitment sector could be a good way to play the new bull market. A survey just released from the Chartered Institute of Personnel and Development showed that more than half (56%) of UK firms plan to take on more staff in the next few months. This is the best result for around a year.The data suggest that now could be a great time to invest in UK shares like Hays (LSE: HAS). This particular recruiter actually saw net fees and profits accelerating during the final calendar quarter of 2020. And so the firm declared plans to start paying ordinary dividends again from the summer. It wants to dole out a £150m special dividend too. The scramble over the past year to save cash is clearly receding.City analysts think that Hays’ annual earnings will slip 61% this fiscal year (to June 2021). But they reckon the bottom line will rebound 184% in financial 2022. A word of warning, though: today the company trades on a sky-high forward price-to-earnings (P/E) ratio of 77 times. I think this could cause this UK share to plummet in price if the fight against Covid-19 takes a nasty turn and the anticipated economic recovery fails to materialise. Image source: Getty Images Royston Wild | Monday, 22nd February, 2021 | More on: HAS last_img read more

RBS 6 Nations: France 23-16 Scotland. Match Verdict

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first_imgLATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS PARIS, FRANCE – MARCH 16: Wesley Fofana of France in action during the RBS Six Nations match between France and Scotland at Stade de France on March 16, 2013 in Paris, France. (Photo by Scott Heavey/Getty Images) In their grasp: Tim Visser tries to evade the French defence but ultimately it was a night of disappointment for ScotlandBy Gavin MortimerFrance 23 Scotland 16In a nutshellFRANCE WON their first Six Nations encounter since victory over Scotland on February 26 last year, a winless streak of seven matches that was still not enough to prevent them finishing bottom of the championship table for the first time since 1999. A tense, tryless first-half ended with the Scots ahead 6-0 but the French were galvanised into action after the break, though the doughty Scottish defence held firm until 67 minutes when Wesley Fofana found space out on the right and evaded the tackle of Stuart Hogg. Maxime Medard went in under the posts for try number two three minutes later, and though Scotland scored a brilliant try four minutes from time, Tim Visser’s effort wasn’t enough to prevent a French victory. Despite the defeat the Scots finished in third place, although with two wins from five matches that just emphasizes the gulf in class between the top two teams (Wales and England) and the rest in this season’s Six Nations.Key Moment: Heavy traffic: Scotland couldn’t deal with BastareaudThe half-time team talk. Whatever France coach Philippe Saint-Andre said to his players during the interval, it had the desired effect as Les Bleus (playing in their white away strip) came out transformed for the second-half. Perhaps Saint-Andre – a softly-spoken, genial man by nature – took a leaf out of Alex Ferguson’s book and gave his boys the hairdryer treatment, or as the French would say le traitement Sèche-cheveux.Star Man: Mathieu Bastareaud.The 18-stone Toulon centre finally lived up to his billing as a bulldozer, smashing holes in the Scottish defence with several powerful runs. Bastareaud, who was dropped after the England game, broke the visitors’ line on 70 minutes and enabled Maxime Medard to scoot in under the posts for the decisive try.Lions WatchHot: Matt Scott: Matt Scott has progressed game by game in this Six Nations, and the 22-year-old Edinburgh centre created Scotland’s try with a sublime break from his own 22 and then a deft pass to Tim Visser roaring up on his inside. Quick, skilful and subtle, Scott offers a glorious alternative to the battering ram style of Manu Tuilagi and Jamie Roberts.Talent: Wesley Fofana was the game’s outstanding playerCold: Euan Murray: This was not an ideal night for scrummaging. Not just the rain that had been falling throughout the evening in Paris but also the shameful state of the Stade de France pitch that cut up within minutes. Nonetheless Scotland tighthead prop Euan Murray struggled against Thomas Domingo at scrum-time and the 32-year-old is beginning to look his age. Johnnie Beattie Not the best night for Beattie in Paris. A couple of glaring dropped catches under the high ball and also overshadowed physically by his opposite number, the formidable Louis Picamoles.StatisticsHow dominant was the French scrum? Their pack won 12 scrums and lost noneBoth sides kicked away 33 per cent of possessionThe Scottish defence, hitherto so reliable in the championship, fell away in the second half as the Scots missed 18 tackles.Questions remain about the ability of the French to convert pressure into points. In Paris they had had 73 per cent of the territory but still only won by seven points.Scorers: France: Tries: Fofana, Medard. Cons: Michalak, Machenaud. Pens: Michalak 3 Scotland: Try: Visser. Con: Jackson. Pens: Laidlaw 3.last_img read more

Patten appointed interim director of Canada’s mission department

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first_img Associate Priest for Pastoral Care New York, NY Posted Dec 9, 2013 Rector Washington, DC Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Belleville, IL Patten appointed interim director of Canada’s mission department Priest-in-Charge Lebanon, OH In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Assistant/Associate Priest Scottsdale, AZ This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Tags Submit a Job Listing 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 Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Bath, NC Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Submit a Press Release Rector Shreveport, LA Rector Smithfield, NC Director of Music Morristown, NJ Youth Minister Lorton, VA 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 Bishop Diocesan Springfield, IL People The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group New Berrigan Book With Episcopal Roots Cascade Books 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 Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector/Priest in Charge (PT) Lisbon, ME center_img Rector Hopkinsville, KY Family Ministry Coordinator Baton Rouge, LA Rector Knoxville, TN Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Martinsville, VA Curate (Associate & Priest-in-Charge) Traverse City, MI Rector Pittsburgh, PA Canon for Family Ministry Jackson, MS Featured Events Assistant/Associate Rector Washington, DC Rector Tampa, FL Cathedral Dean Boise, ID Press Release Service Rector Albany, NY Submit an Event Listing Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Associate Rector Columbus, GA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET [Anglican Church of Canada] One of Canada’s foremost experts in philanthropy has been appointed interim director of General Synod’s Resources for Mission Department, the group charged with promoting stewardship and developing partnerships throughout the church.Monica Patten, chair of the Resources for Mission coordinating committee, will take up the position in January. She succeeds Vianney (Sam) Carriere who has served as interim director and director since 2010. The Rt. Rev. Rob Hardwick, bishop of Qu’Appelle and a member of the committee, will succeed her as chair of the coordinating committee.Ms. Patten, who lives in Ottawa, is the retired president and chief executive officer of Community Foundations of Canada. She is a recipient of the Order of Canada and the Anglican Award of Merit. She has served two triennia as chair of General Synod’s Financial Management Committee.Resources for Mission encompasses the General Synod’s annual giving opportunities, stewardship education and development, planned giving and major gifts, and other initiatives.Mr. Carriere’s resignation as director and Ms. Patten’s appointment as interim is in recognition of the changing needs and directions of the department. Mr. Carriere’s term was meant to solidify the department as a team and formulate guiding principles under which it would go forward.A recent operational review of the department noted that Mr. Carriere had achieved those goals, and that the department is now poised to benefit from leadership with expertise, a track record in fundraising and development, and that is grounded in the life of the church. Curate Diocese of Nebraska Missioner for Disaster Resilience Sacramento, CA Associate Rector for Family Ministries Anchorage, AK Rector and Chaplain Eugene, OR Rector (FT or PT) Indian River, MI Director of Administration & Finance Atlanta, GA Course Director Jerusalem, Israel Assistant/Associate Rector Morristown, NJ Priest Associate or Director of Adult Ministries Greenville, SC Rector Collierville, TN Featured Jobs & Callslast_img read more

New Zealand on track with unbeaten run following win over Japan

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first_imgMonday Nov 4, 2013 New Zealand on track with unbeaten run following win over Japan New Zealand continued their unbeaten run this year with a comprehensive 54-6 victory over a competitive Japan side in Tokyo on Saturday. The visitors eased into the match and in typical All Blacks fashion, wore down their opponents then piled on the points. Japan, who host the 2019 Rugby World Cup, looked an improved outfit as they competed well in the opening half hour. It took the All Blacks ten minutes to score their first try, through Charles Piutau.New Zealand coach Steve Hansen felt that his side weren’t up to scratch, and demanded more.“I’m disappointed with some of the players and I’ll tell them. They had to get up for a game we were expected to win and some didn’t manage to do that.“We got caught occasionally trying to play Japan’s game, which they play better than we do, a helter-skelter game. There were some lessons to be learned. But we scored eight tries so we can’t grumble too much,” Hansen addedThe home crowd of 26 000 appeared pleased with the 28-6 halftime score. In 1995 when the two sides met the final score was 145-17, and in 2011 it was 83-7, so by the time the final whistle blew at 54-6, progress seemed to have been made.That said, it was a changed, somewhat experimental New Zealand side ahead of their European tour. They play France this coming weekend in Paris, then England and Ireland on consecutive weekends.“I don’t think it’s going to take too much to change the mindset for Paris. Next week is going to be a hell of a match so it won’t take much to turn the screws,” said skipper Richie McCaw.Below are highlights from the match and following the Live Stream from Saturday, you can watch the full match replay here (geo-blocked in some territories).ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error All Blacks Related Articles 40 WEEKS AGO North vs South should be a permanent fixture… 40 WEEKS AGO Barrett could easily end up on All Blacks… 42 WEEKS AGO Future All Blacks? Here are the standout… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Racist Silent Sam statue toppled

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first_imgChapel Hill, N.C. — Chanting, “I believe that we will win,” a coalition of activists, students and faculty toppled Silent Sam, the University of North Carolina-Chapel Hill’s infamous Confederate monument, late Monday, Aug. 20.Protesters, who earlier in the evening placed banners around Sam’s base denouncing white supremacy and the legacy of slavery at UNC, brought the statue down shortly after 9:15 p.m. by pulling on a rope affixed to the statue’s neck.A large cheer arose from the crowd at the first sound of metal creaking against concrete, erupting into jubilant shouts as the statue tumbled. Rain began to fall as the monument lay face down on the ground. Some protesters kicked at the figure; others covered it in dirt. One activist placed a “Do It Like Durham” hat atop the fallen statue in tribute to a similar action just over a year ago when a group brought down another Confederate statue in neighboring Durham, N.C.A large crowd, estimated between 250 and 500, had initially rallied at 7 p.m. across the street in front of Chapel Hill’s Peace and Justice Plaza to support UNC graduate student Maya Little, who in April spilled her own blood on the statue in protest of the university administration’s continuing inaction. She currently faces criminal charges and expulsion by the university’s honor court. “It’s time to tear down Silent Sam,” Little said. “It’s time to tear down UNC’s institutional white supremacy.”Rather than memorializing the Confederacy, Little suggested UNC should devote resources to honoring the legacy of James Lewis Cates, a Black Chapel Hill resident and civil rights activist who was murdered on campus in 1971 at the age of 22. Cates’ killers, three white men, were acquitted by an all-white jury.“After Cates was murdered, his friends, the Black community and organizations such as the Black Student Movement — who at the time were being surveilled by COINTELPRO — rallied to demand a Chapel Hill where Black lives matter,” Little said, pointing out Silent Sam as the location of their protest.While a few curious onlookers and “pro-Confederate” groups milled about the edges, the crowd was overwhelmingly in support of tearing down the monument.Silent Sam represents “a legacy of oppression and slavery that was the foundation not only of this university but the whole region,” said one grad student, calling it “a defiant statue that communicates to students of color that this university is more interested in preserving white supremacy than creating a community of openness.”Silent Sam was erected in 1913 by the United Daughters of the Confederacy to celebrate the 50th anniversary (in 1911) of the Civil War. About 40 percent of UNC students during the war fought in the conflict, almost all for the Confederacy.At the statue’s dedication, local industrialist Julian Carr (namesake of Chapel Hill’s neighboring Carrboro) gave a speech where he defined Sam’s meaning, praising the Confederate soldier and lambasting the Reconstruction era, when “the bottom rail was on top” in the Southern states.Carr also offered a “personal anecdote,” recounting, “One hundred yards from where we stand, less than ninety days perhaps after my return from Appomattox, I horse-whipped a negro wench until her skirts hung in shreds, because upon the streets of this quiet village she had publicly insulted and maligned a Southern lady.”As efforts to remove monuments to Confederate soldiers have escalated in recent years, the North Carolina General Assembly has responded defensively, banning any such actions by local or municipal governments. Silent Sam, long a lightning rod for controversy and the site of numerous protests since the Civil Rights Movement, had become increasingly expensive for Chapel Hill and the state. Security for the statue ran up a tab of $390,000 in 2017 alone.UNC Chancellor Carol Folt — who had been subject to criticism from several speakers at the Aug. 20 protest — unsurprisingly condemned the action. “The monument has been divisive for years, and its presence has been a source of frustration for many people not only on our campus but throughout the community,” she said in a statement. “However, last night’s actions were unlawful and dangerous, and we are very fortunate that no one was injured. The police are investigating the vandalism and assessing the full extent of the damage.” Gov. Roy Cooper similarly expressed disapproval of “violent destruction of public property.”Their attitude was not shared by the crowd. “I’m here to be in solidarity,” said one student. “Silent Sam, to me, represents the history of this university that it’s not willing to acknowledge: the Confederacy, oppression and slavery. If we’re going to call ourselves a progressive place we need to have actions that back it up.”Later, after the crowds had dispersed, university officials dragged the fallen monument to a truck, which was driven to an unknown location.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

EPA Granted Waivers Against Energy Department Recommendations

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first_img Facebook Twitter Home Indiana Agriculture News EPA Granted Waivers Against Energy Department Recommendations Previous articleIndustry Reaction to U.S., Japan Trade AgreementNext articleImpeachment Inquiry Could Dampen Chances of USMCA NAFB News Service EPA Granted Waivers Against Energy Department Recommendations Facebook Twitter By NAFB News Service – Sep 25, 2019 SHARE SHARE The Environmental Protection Agency granted some small refinery waivers against recommendations by the Department of Energy.Reuters obtained an August 9 memo that states the EPA granted “full exemptions for those 2018 small refinery petitions where the Department of Energy recommended 50 percent relief.”The waivers allow the EPA to exempt small refineries from complying with the Renewable Fuel Standard if the refineries can prove compliance would cause economic hardship.The memo did not specify how many refineries were involved. Biofuels producers and farmers are waiting for the White House to announce a mitigation plan for the waivers. President Donald Trump has promised a “giant package” for farmers to boost the ethanol market.Many expect the plan will reallocate lost biofuels due to the waivers.The 31 small-refinery exemptions granted by the EPA for 2018 amounted to about 1.6 billion gallons taken away from ethanol and biofuel use. Ethanol plants are stopping production, claiming the waivers are eroding demand for biofuels in the United States.last_img read more

Israeli military asked to explain how Gaza media building came to be hit by explosion

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first_img Israel now holding 13 Palestinian journalists News News RSF_en News Reporters Without Borders calls on the Israeli military to investigate and explain exactly how a 16-storey building in Gaza City that houses several news organisations including Reuters came to be hit by an explosion this morning. IsraelMiddle East – North Africa January 15, 2009 – Updated on January 20, 2016 Israeli military asked to explain how Gaza media building came to be hit by explosion Help by sharing this information Follow the news on Israel to go further Reporters Without Borders calls on the Israeli military to investigate and explain exactly how a 16-storey building in Gaza City that houses several news organisations including Reuters came to be hit by an explosion this morning. An Abu Dhabi TV journalist and a Reuters cameraman were injured in the blast that shook the Al-Shurouq Tower. It was not immediately known whether the explosion was the result of a missile or a shell fired by a tank.Reuters said an Israeli army spokesman contacted the news agency’s Jerusalem bureau shortly before the explosion to verify the location of its Gaza bureau. Reuters had informed the Israeli army of the exact location at the start of the war and was assured by the Israelis on several occasions that it would not be a target.Reporters Without Borders has written to the Israeli army high command asking it to shed light on the circumstances of today’s incident. The press freedom organisation points out that, under international humanitarian law, news media must be given the same protection as civilians. May 16, 2021 Find out more WhatsApp blocks accounts of at least seven Gaza Strip journalists June 3, 2021 Find out more News May 28, 2021 Find out more Receive email alerts Organisation IsraelMiddle East – North Africa RSF asks ICC prosecutor to say whether Israeli airstrikes on media in Gaza constitute war crimeslast_img read more