Category: cofotjpy

Sanofi in £12bn hostile bid for Genzyme

first_img Sanofi in £12bn hostile bid for Genzyme French pharmaceutical giant Sanofi-Aventis launched a hostile bid for Genzyme at $69 per share, or $18.5bn (£11.7bn), setting off what could be a protracted battle for control of the US biotech.The move comes a month after Genzyme rebuffed an approach from Sanofi-Aventis at the same price. Sanofi has been in discussions with Genzyme shareholders and stated repeatedly that it would go no higher.Sanofi said in a statement on Monday that its offer, which is all in cash, would expire on the afternoon of 11 December.“While Sanofi-Aventis’ strong preference is to engage in constructive discussions with Genzyme, Genzyme’s board and management team’s continued refusal to do so has led Sanofi-Aventis to commence the tender offer,” said Sanofi.Sanofi said its CEO Chris Viehbacher met with the CEO of Genzyme Henri Termeer on September 20, but the talks “proved unproductive.”Sanofi added that it had met with Genzyme shareholders who collectively own more than 50 per cent of the biotech, and that these people were frustrated with Genzyme’s reticence to engage in real talks with Sanofi.In a letter dated 4 October that Viehbacher wrote to Temeer, he criticised Termeer’s unwillingness to provide information about Genzyme’s ongoing manafacturing issues and a promising new indication for a drug. Both questions are central to the valuation of the biotech firm’s fortunes. Show Comments ▼ whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share John Dunne Monday 4 October 2010 2:39 am Tags: NULLlast_img read more

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Osborne aims to make extra £1bn from tax clampdown

first_img Osborne aims to make extra £1bn from tax clampdown whatsapp whatsapp Show Comments ▼ GEORGE Osborne will use tomorrow’s GEORGE Osborne will use tomorrow’s Budget to clamp down on tax avoidance, announcing a raft of measures that he hopes will net the exchequer £4bn.The chancellor first unveiled many of the proposals in December, including plans to close certain VAT and foreign exchange loopholes. At the time, the Treasury said the measures would raise around £500m a year or £2bn over the course of the parliament. But tomorrow Osborne will say he hopes to raise twice that amount by closing down a number of other loopholes to net an extra £1bn over four years. And City A.M. understands the Office for Budget Responsibility will revise up its estimate of how much the measures announced in December will generate by £1bn.Osborne will clamp down on Employer Financed Retirement Benefit Schemes (EFRBs) – a kind of off-shore pensions trust that is not subject to the same taxes as registered schemes – by taxing contributions at 50 per cent. Meanwhile, the chancellor will announce that private and corporate jets will be subject to Air Passenger Duty for the first time. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgcenter_img KCS-content Share Monday 21 March 2011 9:26 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Tags: NULLlast_img read more

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A new dawn for sports betting in the US

first_img David Schollenberger of Healys analyses the implications, likely beneficiaries and time line arising from last week’s landmark SCOTUS decision Topics: Legal & compliance Sports betting 22nd May 2018 | By Stephen Carter A new dawn for sports betting in the US Email Address Tags: Online Gamblingcenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Until last week, sports betting in the US was prohibited by the Professional and Amateur Sports Act (PASPA), except in the state of Nevada. On 14 May 2018, the Supreme Court of the United States (SCOTUS) struck down PASPA as unconstitutional. This is the biggest news for the online gambling industry since UIGEA.But what does this mean? Secondly, who stands to benefit? Finally, what is the likely timeline when it comes to the roll-out?History in the US courts The case originated out of a law passed by the New Jersey legislature in 2012 legalising sports betting in Atlantic City and at horseracing tracks.The National Collegiate Athletic Association (NCAA) and three major professional sports leagues brought an action in federal court seeking to enjoin the law on the grounds it violated PASPA.New Jersey argued that PASPA violated the “anti-commandeering” principle in the US Constitution. The tenth amendment to the Constitution confirms that all legislative power not conferred on Congress by the Constitution is reserved for the States.In other words, Congress cannot order state legislatures to enact or not enact legislation unless that power has been reserved to the federal government. Gambling legislation is not. The District Court and Court of appeals at the time held for the NCAA and the Supreme Court declined to hear the case.In 2014 the State of New Jersey enacted a new law, which rather than authorising sports betting, repealed existing legislation provisions that prohibited wagering on sporting events by persons 21 and over, at a horseracing act or casino, and only as to wagers not involving a New Jersey university team or a university sporting event taking place in the state.The plaintiffs in the previous suit filed in federal court again and the District and Appeals court again held in their favour. The Supreme Court agreed to hear the case this time and held that PASPA’s provision prohibiting state authorisation of gambling schemes violates the anti-commandeering principle.The remainder of the law was held not to be severable and the entire law was struck down as unconstitutional. What does this mean?
 States are now free to decide themselves if they wish to enact legislation legalising sports betting. Last week’s decision does not legalise sports betting at a federal level. A number of states have already prepared legislation to legalise sports betting and some where the legislation immediately went into effect following the SCOTUS decision.The Wire Act, 18 USC 1084 outlaws interstate transmission of information that assists in the placing of a bet on a sporting event. It applies, however only if the underlying gambling is illegal under state law.Therefore, betting activities between individuals in different states would be legal if it were legal in each of the states involved.This will allow licensed operators in states where sports betting is legal to take bets or pools bets across state lines. Implications and who will benefit
 With the US’ large population, gambling market and high propensity to gamble, this decision is a windfall for the gambling industry. Because the legislation will be done on a state-by-state basis, it is difficult to generalise who will benefit the most.It makes sense that UK sports betting operators, with a long history of sports betting know- how and international operations, will look to aggressively expand their presence in US state jurisdictions, following successful licence applications. William Hill already has a strong presence in Nevada. Some state laws will permit sports betting only at casinos or race tracks, such as in New Jersey. This will give an immediate advantage to the large casino companies such as MGM and Caesars Entertainment.In states where the licences may only be granted to casinos or race tracks, there will be a number of betting operators that will seek to partner/joint venture with casino operators. Daily fantasy sports operators such as Draft Kings and Fan Duel will be in an excellent position to move into sports betting operations with their massive customer databases and brand presence carved out by huge marketing investments.Online will be more difficult. American society is still largely conservative and religious and state legislatures may still be squeamish about allowing online sports betting into citizens’ homes, with fears of underage gambling and interference with family life. Time line 
The expansion across the US states will take time. It is reasonable to predict that ten states may have legalised sports betting within the next four years. Possibly 25 to 30 may enact within ten years. It is unlikely that any uniform scheme would be developed on a federal level.
This is a massive and welcome step for the US in allowing states and their citizens to make their own decisions on sports betting. It brings it into line with practices of other major jurisdictions in Europe and APAC.This will have the benefit of reducing illegal sports betting and its control by organised crime. Regulating it will also make it fairer, safer and better able to identify and provide services for problem  sports betting gamblers.Additional state tax revenue will also be a welcome benefit for state coffers, as they have found from the legalisation of casinos.David Schollenberger is partner and head of gaming, Healys LLP solicitors Subscribe to the iGaming newsletter Legal & compliancelast_img read more

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Stride hit by fiscal and regulatory changes in second half

first_img Tags: Online Gambling Stride hit by fiscal and regulatory changes in second half Topics: Casino & games Finance Bingo Bingo London-listed bingo operator Stride Gaming expects net gaming revenue for the six months to February 28, 2018, to be 5% lower than in the previous year due to various fiscal and regulatory changes during the period. Speaking in a trading update, CEO Eitan Boyd has said that changes in the UK’s regulatory environment have particularly impacted Stride in recent months, with the operator adjusting its internal processes and product offering in preparation. Stride did not make reference to any regulations in particular, but the UK has recently approved new laws increasing the remote gaming duty rate from 15% to 21%, effective as of April 1. In addition, operators are subject to tighter data protection regulations, which have negatively impacted customer retention and reactivation efforts for UK licensees, and stricter responsible gambling and anti-money laundering measures that have hit high-value customers However, despite the impact of regulatory changes, the Stride board has said it sees “encouraging signs that the impact of these disruptive factors have now been largely absorbed and the business model is adjusting accordingly”. Although Stride does not expect to recover the first half revenue shortfall through trading in the second half, the operator’s board is confident that its ongoing growth strategy will deliver “strong long term, cash backed value for shareholders”. This strategy includes leveraging the group’s infrastructure and proprietary technology to migrate more mass market, recreational bingo and casino customers onto its higher margin proprietary platform. “In common with the rest of the industry, the period to end of February 2019 proved to be unusually busy for the group,” Boyd said. “Trading was testing as we adjusted to the new paradigm of the UK’s current fiscal and regulatory environment, however we continue to invest in our proprietary technology, product offering and content which provides us with a strong foundation from which to adapt to these changes.” In relation to this, Stride said it expects to report a strong performance from its ‘Stride Together’ B2B joint venture and is also encouraged by additional new joint venture opportunities. In addition, as a result of encouraging growth trends for India-facing Passion Gaming, in which it holds a 51% stake, Stride is to increase its technology and marketing investment in the rummy operator. This is expected to result in incremental costs of approximately £400,000 for Stride. The trading update comes as Stride continues a strategic review of its business in relation to a possible sale. Stride began the process in February, but at the time said it was yet to receive an offer for the business. Boyd said the operator is now well advanced with the review and “will make a future announcement when appropriate”. The review follows a mixed 2018 for Stride, during which revenue increased 23.8% year-on-year to £60.5m, but yield per player fell by 2% to £144 and adjusted earnings before interest and deductions slipped 18.2% to £16.1m. At the time, Stride’s non-executive chairman Nigel Payne said while the operator had performed in line with expectations in “challenging trading conditions”, it was to retain a focus on controlling costs. 9th April 2019 | By contenteditorcenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter London-listed bingo operator Stride Gaming expects net gaming revenue for the six months to February 28, 2018, to be 5% lower than in the previous year due to fiscal and regulatory changes in its core UK market during the period. Subscribe to the iGaming newsletter Email Addresslast_img read more

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Yusuf Pathan’s all-round show helps India beat Sri Lanka by 14…

first_imgTM Dilshan1-627.2 Nuwan Kulasekara4044011.00 Sanath Jayasuriya201718.50 Share on Facebook Tweet on Twitter Total181/4 (20) by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGarena Free Fire Redeem Codes Rewards of 15th June: Easy ways to redeem Free Fire active code check new list of codeFree Fire Redeem Code Rewards of 1st May (today), Step by step guide on how to redeemGarena Free Fire Redeem Code of 31st May (today), Check list of rewards & Redeem SiteThe revered pair of Sachin and Sehwag opened the innings for India L but Sri Lanka already made plans for the two. Rangana Herath had a fine opening over, giving away just four runs. Soon, Sehwag departed in the third over after hitting a majestic six off Herath. S Badrinath, back from a hamstring injury, could not stick for long as he was dismissed by Jayasuriya in the fifth over.Also Read: Road Safety World Series: India Legends celebrate 9th anniversary of Tendulkar’s 100th tonYuvraj Singh and Tendulkar then anchored the innings with a 43-run partnership. But after Tendulkar departed, Yuvraj quickly turned on the beast mode. Partnering Yusuf Pathan, the duo added 85 runs off 47 balls for the third wicket. That took India to 181/4 in 20 overs.During the tough chase, Dilshan and Jayasuriya gave Sri Lanka Legends a good start with the latter taking the big shots. Jayasuriya with 43 off 35 gave Sri Lanka a winning chance in the game but after he was dismissed in the 12th over, they struggled. Following his departure, SL L lost another wicket in Upul Tharanga, making it difficult for the visitors.Also Read: Ind L vs SL L Final: Sachin Tendulkar, Brian Lara special road safety message to fans; Watch videoBut a quickfire knock from Kaushalya Weeraratne helped SL get closer to the target. But some good bowling in the death overs helped India win the first-ever Road Safety World Series.Sri Lanka Legends Innings 167/7 (20 ovs) lost by 14 runs. Latest Sports News Tokyo Olympics: Covid-19 scare continues after a Uganda team member tests positive ST Jayasuriya3-8311.1 Yusuf Pathan402626.50 Yusuf PathanNot out623645172.22 Cricket K Weeraratne5-15518.4 Facebook Twitter Farveez Maharoofc R Vinay Kumar b MM Patel01000.00 Extra4 (b 0, w 1, nb 0, lb 3) Total167/7 (20) Yet To BatRussel Arnold, HMRKB Herath, KTGD Prasad BOWLINGOMRWECON Manpreet Gony402416.00 YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesEnjoy Affordable Freight & Shipping Services With These Service ProvidersFreight & Shipping Quotes | Search Ads|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factory|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsored Fall Of WicketsFOWOver Munaf Patel4046111.50 S Badrinath2-354.2 Dhammika Prasad4042010.50 Yuvraj Singh4-16318.2 ICC WTC Final: 10 years of Virat Kohli’s Test career, 10 best moments of India’s greatest Test skipper MF Maharoof7-16719.6 SR Tendulkar3-7810.3 Previous articleSA-W beat IND-W 2nd T20: South Africa Women wins the last ball thriller by 6 wicketsNext articleAll England Open Badminton: Lee Zii Jia stuns defending champion Viktor Axelsen to win All England Open Men’s Title Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Road Safety World Series Final Highlights: Yusuf Pathan’s helps India beat Sri Lanka by 14 runs to clinch Road Safety World Series title Road Safety World Series 2021 Final Highlights: India Legends beat Sri Lanka Legends: Yusuf Pathan’s all-round show helps India beat Sri Lanka by 14 runs to clinch Road Safety World Series title: Yusuf Pathan put up an all-round show apart from a quickfire knock from Yuvraj Singh to help India beat Sri Lanka Legends by 14 runs and clinch the first-ever Road Safety World Series at the Shaheed Veer Narayan Singh International Stadium, Raipur.Put to bat, India posted 181/4 in 20 overs. It was largely due to Yuvraj Singh’s 60 off 41 balls and Yusuf Pathan’s 62 off 36. Before that captain Sachin Tendulkar got the scoring going with 30 off 23. Cricket Kaushalya Weeraratnec R Vinay Kumar b MS Gony381533253.33 Upul Tharanga (WK)c (sub RV Pawar) b IK Pathan13161081.25 BOWLINGOMRWECON Virender Sehwagb HMRKB Herath10120183.33 Sachin Tendulkar (C)c WU Tharanga b MF Maharoof302350130.43 Happy Father’s Day: ‘We Miss You’, Hardik Pandya pens emotional message for his father WTC Final Day 3 LIVE Score: Virat Kohli & Ajinkya Rahane ready to battle Kiwi bowlers, follow IND-NZ Day 3 Live Updates Yuvraj Singhc MF Maharoof b K Weeraratne604144146.34 Irfan PathanNot out8301266.67 Extra9 (b 0, w 7, nb 1, lb 1)center_img Latest Sports News Yet To BatNV Ojha, PP Ojha, R Vinay Kumar, MM Patel, MS Gony Vinay Kumar2029014.50 Rangana Herath201115.50 Happy Father’s Day: Nostalgic Sachin Tendulkar shares a special item that belonged to his father; Check video Cricket Nuwan KulasekaraNot out120050.00 WU Tharanga4-9112.5 TAGSIND L vs SLIND L vs SL FinalIndia Legends vs Sri LankaIndia Legends vs Sri Lanka Live Score SHARE Kaushalya Weeraratne2023111.50 S Badrinathlbw b ST Jayasuriya7510140.00 V Sehwag1-192.5 Pragyan Ojha201206.00 Fall Of WicketsFOWOver Tokyo Olympics Village: Organizers unveils Tokyo games athletes village to the media, check first look Chamara Silvac S Badrinath b IK Pathan240050.00 Cricket Football India Legends Innings 181/4 (20 ovs) India Tour of Sri Lanka: From books to gym, Sanju Samson shares story of his quarantine life Cricket Yusuf Pathan’s all-round show helps India beat Sri Lanka by 14 runs to clinch Road Safety World Series title C Silva2-658.1 BatsmenRB4S6SSR Farveez Maharoof401614.00 Tillakaratne Dilshan2025012.50 CU Jayasinghe6-16719.5 WI vs SA 2nd Test Day 2 Stumps: West Indies bowled out for 149 runs in 1st innings, SA lead by 149 runs Sanath Jayasuriyalbw b YK Pathan433551122.86 Tillakaratne Dilshan (C)c NV Ojha b YK Pathan211830116.67 Euro 2020- Spain vs Poland Highlights: Spain held to 1-1 draw as Lewandowski’s Poland keep Euro hopes alive BatsmenRB4S6SSR Chinthaka Jayasingherunout (NV Ojha / R Vinay Kumar)403012133.33 By Kunal Dhyani – March 22, 2021 RELATED ARTICLESMORE FROM AUTHOR Irfan Pathan402927.25 Cricket CricketLatest Sports News Cricket WTC Final LIVE Day 3: Weather forecast again not good, rain & bad-light all set to impact India vs New Zealand Day 3 last_img read more

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A dirt-cheap 7.7%-yielding FTSE 100 dividend stock I’d buy for 2021

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Roland Head | Sunday, 15th November, 2020 | More on: LGEN Image source: Getty Images Enter Your Email Address A dirt-cheap 7.7%-yielding FTSE 100 dividend stock I’d buy for 2021 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. Simply click below to discover how you can take advantage of this. Interest rates have fallen to new lows during the pandemic. The bank I use for my current account — a big high street name — now offers 0.01% interest on its savings accounts. In other words, just-about-zero interest. In this environment, I’m relying more heavily than usual on dividend stocks for income.Today I want to look at a FTSE 100 stock that offers a 2020 forecast yield of 7.7%. As I’ll explain, I think this payout should be sustainable. It’s also a share I’d like to buy.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…Much better than banksThe company I’m going to look at today is Legal & General Group (LSE: LGEN). The pension and insurance group has been a big winner since the financial crisis. L&G has delivered a share price gain of 150% over the last 10 years.By contrast, the FTSE 100 has only gained about 10% over the same period, while Lloyds Banking Group‘s share price has fallen by 45% since November 2010.Legal & General shares have slumped this year, but this dividend stock has still performed well for shareholders over the last decade. I now need to decide if the company can maintain this record over the next few years.Highly profitableThere have been big changes to the pension market in recent years, but Legal & General has adapted by becoming a big player in the bulk annuity market. Essentially companies sell their pension schemes to firms like Legal & General, who accept responsibility for all future pension payments.L&G’s specialist skills and economies of scale mean this has become a profitable business that sits well alongside its life insurance and asset management businesses. All three require a mix of short and long-term investments that provide reliable cash flows. The group has used its size to expand into new areas such as property. This has helped to overcome the challenges caused by ultra-low interest rates.The group’s success is reflected in its profitability. Legal & General’s return on equity has averaged almost 20% since 2014, which is well ahead of more traditional insurers like Aviva and Prudential.Why I’d buy this dividend stockCash generation is key for a dividend stock. Big profits are not much use unless they’re supported by reliable cash flows. Fortunately, Legal & General has consistently scored well in this area in recent years.In 2019, the group’s after-tax profit of £1,700m was almost exactly matched by cash released from its operations of £1,606m. This covered the £1,048m dividend comfortably.2020 looks likely to be a more difficult year, but my sums suggest the dividend should still be covered by surplus cash. Therefore I’m confident Legal & General’s 7.7% dividend yield should be sustainable.I see this firm as a reliable dividend stock that I could hold for many years. The main risk I can see is that something unforeseen will happen that will disrupt the group’s business model. This could be a financial market event or a regulatory change. I don’t think it’s likely, but it will always be a possibility.center_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Roland Head “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Roland Head owns shares of Aviva. The Motley Fool UK has recommended Lloyds Banking Group and Prudential. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

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The Skiff: September 21, 2017

first_imgAndrew Van Heusdenhttps://www.tcu360.com/author/andrew-van-heusden/ Andrew Van Heusdenhttps://www.tcu360.com/author/andrew-van-heusden/ Listen: Frogflix (Season 2): Episode 13 Twitter Andrew Van Heusdenhttps://www.tcu360.com/author/andrew-van-heusden/ ReddIt + posts Andrew Van Heusden Facebook Listen: Frogflix (Season 2): Episode 14 ReddIt Life in Fort Worth Listen: Frogflix (Season 2): Episode 15 – Parts 1 & 2center_img Listen: Ball Don’t Lie: Parting Shots Andrew Van Heusden is a senior journalism and film-television-digital media major from Brighton, Michigan. He is looking forward to being the digital producer this semester for TCU Student Media. He claims to live in Moudy South throughout the weekdays; but if you can’t find him there, then be sure to try the local movie theaters or the Amon G. Carter Stadium. Welcome TCU Class of 2025 Andrew Van Heusdenhttps://www.tcu360.com/author/andrew-van-heusden/ Facebook printFailed to fetch Error: URL to the PDF file must be on exactly the same domain as the current web page. Click here for more infoVolume 116, Issue 5: Housing updateAlso: Professor leads concert stage, Sodexo contract to expire and more. Linkedin Linkedin Twitter Previous articleHoroscope: September 21, 2017Next articleWATCH: Chancellor talks Lead On Campaign, convocation speech, DACA Andrew Van Heusden RELATED ARTICLESMORE FROM AUTHOR A fox’s tail: the story of TCU’s campus foxes last_img read more

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Paddling their canoe for Down Syndrome Limerick

first_imgLimerick Ladies National Football League opener to be streamed live RELATED ARTICLESMORE FROM AUTHOR Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories Advertisement Facebook Email WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Linkedin by Síona CarrollSign up for the weekly Limerick Post newsletter Sign Up [email protected] Saturday almost 100 supporters turned out in Limerick city centre to welcome the arrival of the Shannon Paddlers after completing a 364k journey on the river, raising almost €25,000 for Down Syndrome in the process.Andrew Bradley and Kevin O’ Donovan completed the marathon paddle from Clonakilty to Limerick City where they got a rapturous reception from Down Syndrome Limerick committee and members, family and friends.They celebrated with a homecoming BBQ, music and entertainment at the Locke Bar where one of the highlights was a hip-hop display staged by the young adults and children from Down Syndrome Limerick as part of the Limerick Hip-Hop Intervention Project.Money raised by the Shannon Paddlers will be divided between Down Syndrome Limerick and Down Syndrome Cork.center_img Previous articleNewsreel for ArtsNext articleThe Artist’s Eye Guest Writerhttp://www.limerickpost.ie Predictions on the future of learning discussed at Limerick Lifelong Learning Festival TAGScharityCorkDown SyndromeKayaklimerick Print Twitter NewsCommunityLocal NewsPaddling their canoe for Down Syndrome LimerickBy Guest Writer – June 6, 2014 868 Limerick’s National Camogie League double header to be streamed live WhatsApplast_img read more

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Calabria on GSE Reform: “Headed in the Right Direction”

first_imgHome / Daily Dose / Calabria on GSE Reform: “Headed in the Right Direction” Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. in Daily Dose, Featured, Government, News, REO Tagged with: Fannie Mae FHFA Freddie Mac Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Hazards Ahead for the National Flood Insurance Program Next: Poised for Growth: Advantages of Property Preservation Outsourcing Related Articles Share Save November 5, 2019 3,282 Views About Author: Seth Welborn Fannie Mae FHFA Freddie Mac 2019-11-05 Seth Welborn The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Calabria on GSE Reform: “Headed in the Right Direction” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Fannie Mae and Freddie Mac are bulding the capital necessary to get out of conservatorship, but there is still a little way to go, according to Federal Housing Finance Agency (FHFA) Director Mark Calabria. He recently spoke with FOX Business about the GSEs leverage and Fannie and Freddie’s path ahead.”I believe that under the statute I am required to fix [Fannie and Freddie],” Calabria said.”Fannie and Freddie are less leveraged than when I started,” Calabria added. “We’re going in the right direction.”According to Calabria, regulators will know what the target capital level for Fannie Mae and Freddie Mac will be sometime next year, noting that he’d feel comfortable with “a whole lot more than they have today.”Fannie Mae reported a net income and a comprehensive income of $4.0 Billion for Q3 2019, up from a net income of $3.4 billion and comprehensive income of $3.4 billion for the second quarter of 2019, while Freddie Mac posted a $1.7 Billion net income. According to the GSEs, these incomes represent yet another step toward adding the capital necessary to move toward private ownership.Fannie Mae was the largest issuer of single-family mortgage-related securities in the secondary market during the first nine months of 2019. The company’s estimated market share of new single-family mortgage-related securities issuances was 39% for the third quarter of 2019.Freddie Mac reports that conservatorship capital reduced by $5.2 billion from the prior year, due in part to credit risk transfer (CRT) activity, home price appreciation, legacy asset dispositions, and a decrease in deferred tax assets.The Federal Housing Finance Agency (FHFA) recently released a new Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac and a new 2020 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions. According to the FHFA, the three objectives of this new Strategic Plan and Scorecard are to ensure that the GSEs foster competitive, liquid, efficient, and resilient (CLEAR) national ​housing finance markets; operate in a safe and sound manner appropriate for entities in conservatorship; and prepare for their eventual exits from the conservatorships.“Our nation’s mortgage finance system is in urgent need of reform,” said Calabria. “The vision for reform articulated in the Strategic Plan and advanced in the Scorecard will serve borrowers and renters by preserving mortgage credit availability, protect taxpayers by ensuring Fannie Mae and Freddie Mac can withstand an economic downturn, and support a strong and resilient secondary mortgage market.” Sign up for DS News Daily Subscribelast_img read more

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Section 50 NDPS Act Applicable Only In The Case Of Personal Search, Reiterates SC [Read Judgment]

first_imgTop StoriesSection 50 NDPS Act Applicable Only In The Case Of Personal Search, Reiterates SC [Read Judgment] LIVELAW NEWS NETWORK15 Sep 2020 8:27 PMShare This – xSection 50 of the NDPS Act is applicable only in the case of personal search, the Supreme court has reiterated while affirming the conviction of an accused who was a temple priest.One of the contentions raised by the accused in this case was about the non compliance of Section 50 of the NDPS Act. According to him, the samples were handed over to an officer who himself gave the sample…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginSection 50 of the NDPS Act is applicable only in the case of personal search, the Supreme court has reiterated while affirming the conviction of an accused who was a temple priest.One of the contentions raised by the accused in this case was about the non compliance of Section 50 of the NDPS Act. According to him, the samples were handed over to an officer who himself gave the sample to  another officer or carrying the same to the Central Laboratory at Delhi and these seals remained with the Director, as such the chances of tampering could not be ruled out and also on the ground that the case of the prosecution was unnatural and improbable. The Trial Court acquitted the accused on this ground. The High Court, later, set aside acquittal and convicted the accused.The bench referred to a three judge bench judgment in State of H.P. v. Pawan Kumar which considered the issue whether the safeguards provided by Section 50 of the Narcotic Drugs and Psychotropic Substances Act, 1985, regarding search of any “person” would also apply to any bag, briefcase or any such article or container etc., which is being carried by him. It said:”As rightly held by the High Court, this Court in the case of State of H.P. v. Pawan Kumar  has held that Section 50 of the NDPS Act is applicable only in the case of personal search, as such, there is no basis for the findings recorded by the trial court that there was non-compliance of provision under Section 50 of the NDPS Act.”The court noted that the evidence on record established that the counter of the dhaba which was constructed on the land owned by his wife near the temple and the charas was found in the counter of the dhaba in a gunny bag. The facts of the case show that accused not only had direct physical control over charas, he had the knowledge of its presence and character, the court observed.However, taking note of the fact that the incident occurred in the year 2001 and that the accused claimed to be a priest in the temple, who is now aged about 65 years, the bench modified the sentence from 15 years rigorous imprisonment to 10 years. In State of H.P. v. Pawan Kumar, it was held that Section 50 of the Act can have no application when the contraband was allegedly recovered from the bag, which was being carried by the accused. “There is no warrant or justification for giving an extended meaning to the word “person” occurring in the same provision so as to include even some bag, article or container or some other baggage being carried by him.”, it was held in that case.Case no.: CRIMINAL APPEAL NO.688 OF 2013Case name: Jeet Ram vs. Narcotics Control Bureau, Chandigarh Coram: Justices Ashok Bhushan, R. Subhash Reddy and MR Shah Counsel: Adv Purushottam Sharma Tripathi, lASG Aman Lekhi  Click here to Read/Download JudgmentRead Judgment Next Storylast_img read more

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