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Inflation, not cuts, is the real gamble

first_img Show Comments ▼ Inflation, not cuts, is the real gamble Tags: NULL THERE is a sword hanging over all of our heads, and it is not chancellor George Osborne’s spending cuts. The real danger is that inflation will remain out of control – and that interest rates will have to surge to shockingly high levels to combat it. What the authorities are hoping for, of course, is that the present burst of inflation eventually peters out without triggering higher pay demands, and that the Bank will then be able to normalise interest rates at a reasonably gentle rate. This is the real gamble – not the tax and spend measures that will be outlined in today’s Budget.The worst case scenario would be truly terrible. In ordinary circumstances, real, inflation-adjusted short-term interest rates are at least 2.5 per cent – which means that once inflation is added in, the Bank’s base rate ought to be at around eight per cent at the moment. I’m certainly not advocating this, just pointing out that we are facing a potential catastrophe if inflation continues to rocket. In fact, real interest rates always have to overshoot in situations of elevated inflation – so if prices continue to accelerate, we could even end up with rates of 10 per cent. Let us hope that the Bank of England’s gamble pays off and that such crippling interest rates are not needed. The UK economy is unlikely to be able to cope with rates much above five to six per cent, which implies that inflation above three per cent becomes dangerous. A return to double-digit interest rates – last seen in the 1990s – would guarantee that large numbers of people would go bust, lose their homes and default on their debts. Could you cope, dear reader? There would be another house price crash, banks would be hit and the economy would undoubtedly be tipped into recession. It does seem that inflation is at close to a peak – so some optimism may be in order. But the lesson of economic theory as well as history is that a temporary, controlled bout of inflation that goes away of its own accord is a rare phenomenon indeed.Inflation on the official consumer price index (CPI) measure jumped to 4.4 per cent in February, from 4.0 per cent in January, 0.2 points above the average, consensus view in the City. Retail price index inflation was 0.3 per cent above consensus, rising to a 20-year high of 5.5 per cent, up from 5.1 per cent. As Michael Saunders of Citigroup points out, this is the 24th time in the last 35 months that the CPI has overshot the pre-release consensus (with 25 overshoots for the RPI). No other major industrial country has seen such repeated inflation overshoots in recent years. The City’s forecasting record has been very poor. The Bank of England also keeps getting it wrong: first quarter inflation is likely to be 4.2-4.3 per cent, more than three per cent higher than the MPC forecast a year ago and still 0.2 per cent above its 11 February Inflation Report forecast. This will be the eighth time in the last nine quarters that inflation has overshot the MPC’s prediction made at the start of the quarter. Not great.As far as consumers are concerned, the pain is even worse than these figures suggest: the tax and price index (TPI), which adds the impact of direct tax hikes to inflation, hit six per cent in February, its highest rate since 1991. With wages rising by 2.3 per cent a year, the average Brit has just suffered a 3.7 slump in real take-home pay. No wonder the UK Misery index – which takes account of inflation and unemployment – has just hit a 20-year high. Over to you, George [email protected] me on Twitter: @allisterheath Tuesday 22 March 2011 9:36 pm whatsapp whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com KCS-content last_img read more

BK Group Plc (BKG.ke) Q12013 Interim Report

first_imgBK Group Plc (BKG.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2013 interim results for the first quarter.For more information about BK Group Plc (BKG.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the BK Group Plc (BKG.ke) company page on AfricanFinancials.Document: BK Group Plc (BKG.ke)  2013 interim results for the first quarter.Company ProfileBK Group Plc formerly (Bank of Kigali Limited) is Rwanda’s largest commercial bank by assets and licensed by the country’s banking regulator, National Bank of Rwanda. It offers a full spectrum of products and services for retail banking, corporate banking and central treasury. Bank of Kigali SA commenced operations in 1967; initially as a joint venture between the government of Rwanda and Belgolaise, with each owning 50% of the ordinary share capital. In 2007, the government of Rwanda acquired the Belgolaise shareholding which increased its direct and indirect shareholding in the Bank of Kigali to 100% of the entire Issued Shares. The Bank changed its name to Bank of Kigali Limited in 2011 under a new law relating to companies. Bank of Kigali Limited now has 79 branches located in the main towns and cities of Rwanda with its head office in the capital city, Kigali. BK Group Plc has a primary listing on the Rwanda Stock Exchange and a secondary listing on the Nairobi Securities Exchangelast_img read more

RHT Holding Ltd (RHT.mu) 2017 Abridged Report

first_imgRHT Holding Ltd (RHT.mu) listed on the Stock Exchange of Mauritius under the Industrial holding sector has released it’s 2017 abridged results.For more information about RHT Holding Ltd (RHT.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the RHT Holding Ltd (RHT.mu) company page on AfricanFinancials.Document: RHT Holding Ltd (RHT.mu)  2017 abridged results.Company ProfileRHT Holding Limited provides public transport services in Mauritius. The company has since diversified its service provision into real estate and property services as well as computer and general technological property services. RHT Holding Limited is listed on the Stock Exchange of Mauritius’ Development Enterprise Market.last_img

Here’s how I’d profit from the FTSE 100 dividend devastation

first_imgSimply click below to discover how you can take advantage of this. 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. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Alan Oscroft owns shares of Aviva. The Motley Fool UK has recommended HSBC Holdings. 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. To say 2020 has been a bad year for dividend investors seems like a bit of an understatement. According to the latest Dividend Dashboard from AJ Bell, the FTSE 100 is now expected to pay out its lowest dividends since 2014. Estimates for the total stood at £91bn at the beginning of the year, but the figure now looks closer to £62bn.Almost half of the FTSE 100‘s companies have either reduced or totally suspended their dividends. That will be a blow to those depending on the income to fund their retirements. But the pain will hopefully not be too long-lasting, as the City is expecting a recovery in 2021.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…And while dividends are reduced, I think that gives long-term investors a chance to lock in better long-term yields. That might sound perverse, but share prices have plunged along with those slashed dividends. And if they recover to previous levels, which I think most will over the next few years, we could be looking at bargain buys now.Take a look at HSBC, for example. The PRA obliged HSBC to cut its dividend, despite little exposure to the UK economy. Prior to that, the bank’s dividend, at 51 cents (40p) per share, was yielding around 6%. I think that level of dividend will return, even if it takes a few years. If it does, with HSBC shares down 37% in 2020, we’d be looking at a yield of 11% on today’s price.Tasty future yieldsEven if we didn’t see 40p per share again for a long time, we’d still only need 22p per share to get back to a 6% yield. Is that likely? Yes, I think it is.What other companies have cut their dividends, but stand a very good chance of a rebound? I think all the banks will reintroduce some level of dividend, even if they start off cautiously.Aviva canned its final dividend for 2019 as a response to the Covid-19 crisis, in a move that attracted some criticism. But analysts are already forecasting a return close to 2018 levels by the end of the current year. On the depressed Aviva share price, that suggests a yield of more than 10%. And it would be covered 1.6 times by earnings.Another approach is to stick with companies that have not reduced their dividends, but that’s not without danger. BP, for example, has shown no sign of a cut yet, and is on a forecast yield of 9% now. But there has to be a realistic chance it will follow Shell‘s lead before the year is out. And it must partly be fears for a drop in the cash that’s keeping the share price low and the yield so high.Long-term dividendsSo what should we do? Right now, most commentators are concentrating on expectations for the current year, and on forecasts for next year. And the City is pretty bullish over a strong dividend recovery in 2021. But I think that’s the wrong way to look at it.I’m less concerned by this year’s dividend or by next’s. I’m more interested in the stream of dividends that these companies are likely to provide over the next five years, 10 years, and beyond. And on that score, I think now is a great time to lock in some great long-term yields. Here’s how I’d profit from the FTSE 100 dividend devastationcenter_img Image source: Getty Images 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. Alan Oscroft | Monday, 27th July, 2020 “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares See all posts by Alan Oscroftlast_img read more

For passive income, I’d buy these shares with dividends

first_img Our 6 ‘Best Buys Now’ Shares See all posts by Christopher Ruane Simply click below to discover how you can take advantage of this. 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. For passive income, I’d buy these shares with dividends christopherruane owns shares of Legal & General Group. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 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. Enter Your Email Addresscenter_img Image source: Getty Images. 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. Christopher Ruane | Wednesday, 13th January, 2021 “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! If one has to work for money, it isn’t really passive income. That is why a lot of schemes for a so-called side hustle don’t appeal to me. When it comes to passive income, I find it easiest to tuck a bit of money away regularly and simply buy shares that pay dividends. That way, I can set up a long-term income stream without needing to work for it in the future.I apply passive income principles to searching for shares with dividends. Here are two I’ve found.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…Passive income should be passiveThe whole point about passive income is that it shouldn’t involve lots of work. If one is seeking to earn money from shares, it’s still important to bear that principle in mind.That is why I eschew shares where I need to spend a lot of time understanding the business model. I also don’t like working hard to guess how it might perform in the future. Instead, I opt for straightforward businesses. I like companies with a business model I can clearly and easily understand from my own experience. So, for example, while some hydrogen cell makers could sound like exciting investment opportunities to others, I know nothing about hydrogen cells. I don’t want to spend hours or days doing the gruntwork of investigating the industry. That’s not passive!By contrast, I understand clearly the insurance business. I also feel it is easy to anticipate how such a business will do in the future. So when looking for shares with dividends for passive income, I like Legal & General. Its yield of over 6% will help me earn money without lifting a finger.Income from reliable dividendsWhen hunting around for passive income ideas, I also focus on the income part of the equation. If a company isn’t a reliable payer of dividends, where will the income come from? Capital gains are welcome, but they are different to income.A lot of companies suspended or even cancelled dividends last year, including major ones. That underlined to me the benefit of investing in the sort of company that pays dividends through thick and thin. No one knows what the future holds, so to assess a company’s likelihood of paying dividends consistently, I first check out its historical record. Then I’ll look at cash flow forecasts to see whether it is likely able to sustain its dividend. That is one reason I like the company DCC. It has not only paid out a dividend consistently for decades, but has raised it every year for 26 years.DCC’s highly cash generative business, including energy suppliers and other proven earners, makes me more confident that it can continue its highly agreeable dividend streak. There are other shares with dividends I would also pick for passive income. The point is that rather than simply plunging into popular shares with eye-popping recent returns, I take an information-led approach. By going for businesses I understand, I minimise my time spent hunting. Focussing on consistent dividend-payers allows me to prioritise income. By learning just a little, I can earn income that is genuinely passive!last_img read more

Cheap shares: these stocks paid out £40bn in cash last year. I’m buying some!

first_imgRio Tinto£4.03bn2016 Simply click below to discover how you can take advantage of this. British American Tobacco£4.95bnNo 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. “This Stock Could Be Like Buying Amazon in 1997” Imperial Brands£1.30bn2020 BP£4.42bn2010, 2020 Royal Dutch Shell£4.18bn2020 National Grid£1.74bnNo GlaxoSmithKline£4.01bnNo Vodafone£2.16bn2018 There are various different types of investing, but returns from these strategies fall into two categories. First, there’s capital gains: profits made from selling assets at prices higher than purchase prices. Second, there’s income: regular cash payments made to asset owners. My value-investing strategy — buying cheap shares in quality companies — aims to capture both sets of returns. Over time, as well-run companies grow, their shares usually enjoy an uplift. Also, rising profits often equate to higher cash payouts — and I do love my dividends.Many cheap shares pay huge dividendsAccording to A J Bell‘s Dividend Dashboard (PDF), the total dividends paid by FTSE 100 companies should increase by £10.9bn to £70.8bn for 2021. Alas, dividends have slumped since 2019, with Covid-19 restrictions hurting company earnings. Even after a strong rebound in 2021, it could be years before they return to their 2019 peak. Furthermore, FTSE 100 dividends are concentrated in just a handful of big companies with cheap shares.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…Just 10 FTSE 100 giants paid the majority of FTSE 100 dividends in 2020. Also, 15 Footsie heavyweights each paid a dividend of over £1bn in 2020. Among these 15 businesses are some genuinely cheap shares that I’d happily own today. Here’s the list of all £1bn+ dividends paid by FTSE 100 members, taken from the latest Dividend Dashboard. Cliff D’Arcy | Wednesday, 10th February, 2021 Company2020 DividendCut since 2010? Image source: Getty Images. Diageo£1.60bnNo 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. AstraZeneca£2.76bnNo 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. Legal & General£1.05bnNo The FTSE 100’s #1 dividend darling in 2020 was tobacco firm British American Tobacco, which paid out almost £5bn. Despite slashing their dividends last year, BP and Royal Dutch Shell still managed to hand over cash of £4.4bn and £4.2bn respectively. The remaining cheap shares paying the biggest dividends were global miner Rio Tinto (over £4bn), pharma giant GlaxoSmithKline (£4bn) and consumer-goods behemoth Unilever (£3.9bn).These 15 firms paid out £40.5bn in 2020Forecast 2020 dividend payments from these 15 Footsie firms total a whopping £40.5bn (although these aren’t guaranteed, of course). These 15 companies pay out roughly £4 in every £7 of FTSE 100 dividends. I see them as key candidates for my income portfolio. Indeed, looking at this list, I like what I see: big, well-known businesses with large cash flows to fund shareholder rewards. If you forced me to construct a portfolio of cheap shares consisting solely of these 15 dividend darlings, I wouldn’t complain. There’s a decent spread of industries, despite some doubling-up (BP and Shell, BAT and Imperial, GSK and AstraZeneca, BHP and Rio Tinto, Unilever and RB).It’s worth noting that several of the dividends have been cut in recent years. Two firms (BP and HSBC) lowered payouts twice in the past decade, while Shell and Imperial both reduced their cash returns last year. With these dividends rebased, there may be scope for future increases from here. Likewise, HSBC paid a giant dividend before suspending it due to Covid-19. However, this is expected to return in the first half of 2021.In summary, I’d be a happy owner of pretty much all of these 15 cheap shares. They face risks and challenges. But the idea of sharing in over £40bn in cash paid out each year? I rather like the sound of that! Cliffdarcy owns shares in GlaxoSmithKline. The Motley Fool UK has recommended Diageo, GlaxoSmithKline, HSBC Holdings, Imperial Brands, and Unilever. 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. Cheap shares: these stocks paid out £40bn in cash last year. I’m buying some! Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares HSBC£1.32bn2019, 2020 Enter Your Email Address BHP Group£1.89bn2016 Unilever£3.86bnNo See all posts by Cliff D’Arcy Reckitt Benckiser£1.24bnNolast_img read more

Prop suspended for 3 weeks after flying shoulder makes contact square in the face

first_imgMonday Apr 19, 2021 Prop suspended for 3 weeks after flying shoulder makes contact square in the face Blues replacement prop Alex Hodgman will play no further part in this season’s Super Rugby Aotearoa after he was red carded and suspended for a dangerous tackle he made against the Highlanders. ADVERTISEMENTHodgman was sent off late in the game after he flew into a challenge with his arm braced and the point of his shoulder making contact with the ball carriers face.It was a clear-cut red card, particularly under recent guidelines.He pled guilty of contravening Law 9.13: A player must not tackle an opponent early, late or dangerously, and a SANZAAR Foul Play Review Committee suspended him from all forms of the game for 3 weeks.“With respect to sanction the Foul Play Review Committee deemed the act of foul play merited a mid-range entry point of 6 weeks due to the World Rugby instructions that dictate any incident of foul play involving contact with the head must start at a mid-range level.“However, taking into account mitigating factors including the Player’s good judicial record and pleading guilty at his first available opportunity the Foul Play Review Committee reduced the suspension to 3 weeks,” said Foul Play Review Committee Chairperson Adam Casselden SC.He will miss Super Rugby Aotearoa matches against the Crusaders, the Chiefs and if the Blues were to make it, the final. If they do not make the final, his suspension will carry over to his next scheduled match.ADVERTISEMENTThe Highlanders won the match 35-29. Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 8 WEEKS AGO WATCH: Aaron Smith’s captain’s referral turned… 9 WEEKS AGO WATCH: 19-year-old is barely a speed bump… 9 WEEKS AGO WATCH: South African sevens icon Afrika done… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living10 Types of Women You Should Never MarryNueeyThe 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

Helping journalists and media in difficulty, 25 grants sent in the last 3 months

first_img Organisation On 11 September, 800 euros were sent to the family of Janullah Hashimzada, an Afghan journalist who was gunned down on 24 August near the town of Jamrud in northwestern Pakistan. Up to now, no serious investigation has been ordered. The money was intended to enable his widow and children to cover their most urgent needs.Reporters Without Borders sent 700 euros to an exiled Iranian journalist on 3 September to enable him to pay for his basic needs.On 1 September, Reporters Without Borders sent 850 euros to Haitian journalist Sainlus Augustin, who had to seek refuge in a Port-au-Prince hotel with his wife and two children after gunmen fired on their home. The money was to cover their living needs.Reporters Without Borders sent 1,000 dollars on 26 August to the families of six imprisoned Gambian journalists – Emil Touray, Pa Modou Fall, Pap Saine, Ebrima Sawaneh, Sam Sarr and Sarata Jabbi-Dibba. The money was to help the families cover their living needs and to help pay for the medical expenses of the detained journalists, all members of the Gambia Press Union. They were released on 3 September 2009.A Somali journalist who had been threatened by the Al-Shabaab militia was sent 600 euros on 12 August to enable him to seek a safe refuge by leaving SomaliaReporters Without Borders sent 400 euros to Pakistani journalist Rehman Buneri on 31 July to help him rebuild his house, which was destroyed in an attack by about 60 men.On the same day, an exiled Iranian journalist was sent 600 euros to help him cover his most urgent day-to-day needs.On 20 July, Reporters Without Borders sent 2,000 dollars and 20 bullet-proof vests to 15 journalists employed by leading Somali news media.Reporters Without Borders provided funding to Chinese journalist Jiang Weiping on 15 July to help him to resume working as a journalist in Canada, where he has found refuge after serving six years of an eight-year sentence in China on charges of endangering state security and divulging state secrets. A mainland China correspondent for Hong Kong news media, Jiang was arrested in the northeastern city of Dalian in December 2000.Read Jian Weiping’s account, “Life of a Chinese journalist”:Part 1 – Part 2 – Part 3 – Last PartA Belarusian journalist was given 400 euros on 10 July because she was unable to continue working after her husband, a press photographer, was the victim of a physical attack.Reporters Without Borders helped a Sri Lankan journalist to find refuge in Germany on 7 July. He had been seriously threatened as a result of articles criticising violence against the news media in Sri Lanka. He will receive training in Germany and will be able to work with other exiled Sri Lankan journalists.For safety reasons, Reporters Without Borders has to keep the names of some of the recipients of the grants secret. RSF_en September 24, 2009 – Updated on January 25, 2016 Helping journalists and media in difficulty, 25 grants sent in the last 3 months center_img News Help by sharing this informationlast_img read more

Local Gun Store Voluntarily Closes

first_imgEVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena STAFF REPORT First Heatwave Expected Next Week More Cool Stuff On Thursday, LA County Sheriff Alex Villanueva said he is closing gun stores in unincorporated areas of the county and the 42 cities where it provides law enforcement, and proclaimed Pasadena would soon be following suit.“We’re going to shut down gun sales and ammunition sales outside of law enforcement and private security organizations,” Villanueva said. “The department will defer to individual chiefs of police to decide to close gun stores in the 45 cities in Los Angeles that have their own law enforcement agencies.”“The city of LA. for example, they have banned all gun shops, they closed them throughout the duration of this pandemic, and the city of Pasadena is going to follow our standard.”However, that’s not correct.No gun stores are currently operating in Pasadena, according to Pasadena Police Chief John Perez.The city’s lone gun store Turner’s Outdoorsman closed its doors voluntarily this week after a meeting with Perez.“It was completely voluntary,” Perez said. “It was a mutual decision.”On Tuesday, Pasadena Police Chief John Perez told Pasadena Now that he was monitoring the situation at Turner’s Outdoorsman after reports began circulating that the store had not closed despite an orders by local officials closing all non-essential businesses.Gun stores were not listed as an essential business in the city’s order.That same day Villanueva said he would be closing gun stores in his jurisdiction, but suspended those efforts following the county counsel’s office declaring gun stores essential businesses during the COVID-19 outbreak.Villanueva expressed concern about first-time gun owners in isolation with others during the shelter-in-place order.“What we’re trying to discourage is panic gun-buying,” Villanueva said. “You have now a bunch of people who are normally not all crammed into a house confined together, and at some point in time when tempers start flaring, people that are unfamiliar with a new handgun — a new shiny toy — we’re going to expect to see an increase in domestic violence, with tragic results.”So far Gov. Newsom has not clarified his order regarding gun stores. Subscribe Your email address will not be published. Required fields are marked * Name (required)  Mail (required) (not be published)  Website  Community News CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Top of the News center_img Community News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Business News 56 recommended0 commentsShareShareTweetSharePin it Public Safety Local Gun Store Voluntarily Closes Pasadena outlet no longer operating during pandemic By DONOVAN McCRAY Published on Friday, March 27, 2020 | 1:00 am Herbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeauty10 Questions To Start Conversation Way Better Than ‘How U Doing?’HerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyWhat’s Your Zodiac Flower Sign?HerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeauty Make a comment Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy last_img read more

Limerick retailers warned of cash change scam

first_imgWhatsApp NewsLocal NewsLimerick retailers warned of cash change scamBy admin – December 26, 2012 793 Facebook A CONFIDENCE trick warning has been issued by Limerick Gardai about customers looking to change money in local shops. Gardai from the Crime Prevention Unit say the scam has been carried out on a number of occasions in the city centre as well as at retail centres in the suburbs. Describing it as a “distraction type theft”, Gardaí say that in one recent incident the suspect entered a service station at Shannon Banks on the afternoon of Thursday December 13. He handed a shop assistant €500 in €20 notes and asked to exchange them for €50 notes.”Sign up for the weekly Limerick Post newsletter Sign Up The assistant handed the customer ten €50 notes and placed the €20 notes in the till. The customer then said that it was 50 cent coins that he needed.The shop assistant did not have that amount of 50 cent coins, so the customer requested that his €500 in €20 notes be returned to him. Before he handed back the €50 notes, he hid four of them up his sleeve and returned €300 before leaving the shop.The suspect was described as having gold teeth and spoke with an Eastern European accent. He was wearing a beige jacket, a black jumper, a red shirt, black pants and a black baseball cap.Anyone who saw this man either in the shop or as he left is asked to contact the Gardaí at Ardnacrusha at 061 345136.Gardai say that this is not an isolated incident and retailers should be vigilant and make all staff aware of this type of incident. Print Previous articleIt’s time to start thinking about next ChristmasNext articleStrong women to steer Shannon into a new era admincenter_img Linkedin Advertisement Email Twitterlast_img read more