Umeme Limited (UMME.ke) listed on the Nairobi Securities Exchange under the Energy sector has released it’s 2018 presentation results for the half year.For more information about Umeme Limited (UMME.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Umeme Limited (UMME.ke) company page on AfricanFinancials.Document: Umeme Limited (UMME.ke) 2018 presentation results for the half year.Company ProfileUmeme Limited is a power utility company managing the distribution of electricity, electricity supply and after-sales service in Uganda and power sharing with Africa sub-regions. Its electricity distribution division manages the operation, maintenance, upgrading and expansion of the distribution network in Uganda. It consists of approximately 26 202 kilometres of medium- and low-voltage transmission lines which covers the major towns and cities of Uganda. The electricity supply and after-sales service divisions connect new customers to the distribution network, read meters, bill customers and collect revenue as well as deal with customer complaints, restoring power interruptions, managing customer care and educating customers on saving energy. Umeme Limited targets customers in the domestic, commercial, medium industrial, large industrial and street lighting sectors. Umeme Limited is listed on the Nairobi Securities Exchange
East African Breweries Limited (EABL.ug) listed on the Uganda Securities Exchange under the Beverages sector has released it’s 2018 presentation results for the half year.For more information about East African Breweries Limited (EABL.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the East African Breweries Limited (EABL.ug) company page on AfricanFinancials.Document: East African Breweries Limited (EABL.ug) 2018 presentation results for the half year.Company ProfileEast African Breweries Limited produces and distributes a range of beer and spirit brands and non-alcoholic beverages for local consumption in Uganda. Popular brands include Tusker Malt Lager, Tusker Lite, Guinness, Pilsner, White Cap Lager, Allsopps Lager, Balozi Lager, Senator Lager, Bell Lager, Serengeti Premium Lager, Johnnie Walker, Smirnoff, Kenya Cane, Chrome Vodka and Ciroc. East African Breweries has operations in Kenya, Uganda, Tanzania and South Sudan; and exports alcoholic and non-alcoholic beverages to Rwanda, Burundi and the Great Lakes region. Subsidiary companies include Kenya Breweries Limited, Uganda Breweries Limited, East African Breweries (Mauritius) Limited, International Distillers Uganda Limited and East African Maltings (Kenya) Limited. Established in 1922, the group has its headquarters in Ruaraka, near the capital of Nairobi. East African Breweries Limited is listed on the Uganda Securities Exchange
Stock market crash: 2 cheap UK shares I’d buy in an ISA today Image source: Getty Images. Simply click below to discover how you can take advantage of this. The stock market crash may or may not be over. Risks such as Brexit and coronavirus mean investor sentiment could weaken in the short run.However, low valuations across the FTSE 100 and FTSE 250 mean investors may already have priced in the threats facing the world economy’s growth outlook.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…As such, buying high-quality UK shares now for the long run while they trade at cheap prices could be a sound strategy. Here are two prime examples of such companies that could boost your ISA returns in the coming years.Taylor Wimpey: a cheap stock after the market crashThe Taylor Wimpey (LSE: TW) share price has experienced a tough 2020 so far. It’s currently down 40% after the market crash. Recent half-year results highlighted why its shares have fallen heavily. The report showed pre-tax profit declined from around £300m last year to a loss of £40m this year.Looking ahead, the company could benefit from rising demand for new homes as a result of government policies, such as the stamp duty holiday. Alongside low interest rates and continued mortgage availability, this could entice potential buyers into the housing market even while the UK’s economic outlook is very uncertain.Taylor Wimpey’s balance sheet continues to be relatively strong. For example, its half-year results showed it has a net cash position of almost £500m.With a strong forward order book and a large land bank, it seems to be in a good position to deliver improving financial performance over the long run. As such, now could be the right time to buy its shares while they trade at a low price level following the market crash.BP: a FTSE 100 share with recovery potentialBP (LSE: BP) is another UK share that’s experienced a falling stock price in the 2020 market crash. Its shares are currently 40% down on their 2020 starting price. That came about as the company experienced a declining financial performance as a result of falling oil and gas prices caused by a weak economic outlook.The business recently highlighted how it intends to adapt to a changing outlook for the wider energy sector. 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See all posts by Peter Stephens Peter Stephens | Tuesday, 11th August, 2020 | More on: BP TW “This Stock Could Be Like Buying Amazon in 1997” 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. 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.
Papua New Guinea approves Anglican Covenant AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Submit a Job Listing Submit a Press Release 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 Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Smithfield, NC Course Director Jerusalem, Israel Rector Pittsburgh, PA The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Anglican Communion, Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Director of Music Morristown, NJ Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Assistant/Associate Rector Morristown, NJ An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET [Episcopal News Service] The Anglican Church of Papua New Guinea has announced that its Provincial Council has “approved and accepted” the Anglican Covenant, according to an article on the Anglican Communion News Service.The covenant is a set of principles intended to bind the Anglican Communion amid differences and disputes across its 38 provinces.Papua New Guinea becomes the fourth province formally to “adopt” or “accept” the covenant, the others being Burma, Mexico and the West Indies. The Church of Ireland “subscribed” to the covenant in May 2011, but its General Synod underscored that the covenant did not supplant existing governing documents. Recent Maori action in the Anglican Church in Aotearoa, New Zealand & Polynesia indicates that the covenant will be rejected when it comes before the province’s General Synod in July 2012.In the U.S.-based Episcopal Church, the Executive Council agreed at its October meeting to submit a resolution to General Convention next year that would have it state that the church is “unable to adopt the Anglican Covenant in its present form.”The resolution also promises that the church will “recommit itself to dialogue with the several provinces when adopting innovations which may be seen as threatening the unity of the communion” and commits to “continued participation in the wider councils of the Anglican Communion” and dialogue “with our brothers and sisters in other provinces to deepen understanding and to insure the continued integrity of the Anglican Communion.”The 77th meeting of General Convention July 5-12, 2012 will decide whether to pass, amend and pass, or reject the resolution. Convention is “the only body that can act on behalf of the whole church in this matter,” Presiding Bishop Katharine Jefferts Schori said during a press conference following the October Executive Council meeting.The Anglican Covenant first was proposed in the 2004 Windsor Report as a way that the communion and its 38 autonomous provinces might maintain unity despite differences, especially relating to biblical interpretation and human sexuality issues. The report came in the wake of the 2003 election of Gene Robinson, an openly gay priest, as bishop of New Hampshire, a development that caused some provinces to declare broken or impaired communion with the Episcopal Church.Some Episcopalians and Anglicans, including the Executive Council, have raised concerns about the covenant, particularly in section 4, which outlines a method for resolving disputes in the communion.The decision in Papua New Guinea, the ACNS release said, was based on the province’s understanding of the name “Anglican Communion.”Bishop Peter Ramsden of the Diocese of Port Moresby wrote in a letter to the Anglican Communion secretary general that “the covenant might not have been proposed if some Anglican provinces had not acted in the way they did, but recent history has produced it and we believe it deserves our support as a contribution to shaping and strengthening a future Anglican Communion, faithful to our calling to be ‘eager to maintain the unity of the Spirit in the bond of peace’ (Eph 4.3).”The Anglican Province of Papua New Guinea is made up of five dioceses – Aipo Rongo, Dogura, New Guinea Islands, Popondota and Port Moresby – and includes more than 100 parishes and about 170 priests. Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Featured Jobs & Calls Rector Collierville, TN This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Assistant/Associate Priest Scottsdale, AZ Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. 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Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 August 13, 2016 at 8:46 pm August 14, 2016 at 4:28 pm Save my name, email, and website in this browser for the next time I comment. I watched the video as the mentally disabled man was shot with the “soft rounds” or beanbags. As it hit him, he was knocked down! Doesn’t look so harmless. I believe it if had of hit him in a certain part of his body, it would have been fatal. It seems that part of the problem was that he was also deaf. Thank god, no one was shot and killed. Reply August 14, 2016 at 7:08 pm Please enter your name here Reply August 13, 2016 at 6:49 pm Support conservation and fish with NEW Florida specialty license plate August 14, 2016 at 4:06 pm August 13, 2016 at 7:59 pm Reply I totally blame CVS for what happened. The man Had no intent And they called and said he had a gun and explosives is what started the whole event. I live In the area watch the whole thing unfold. They could have at least went up to the man And tried to communicate with him he was showing his papers to the helicopter you could see he was no harm. I went around to Wells Fargo and filmed The incident It was sad Thing 2 See the poor guy shot for no reason. Please enter your comment! Reply Mama Mia LEAVE A REPLY Cancel reply Anyone walking to or from school beware! Do not stand on the street corners of the subdivision intersections too close, as the school kids in vehicles, will cut the corners, driving fast and run over your feet, and plow over you! School buses do this too, at certain places. …..be careful, it is war! 3100 students coming and going at AHS, plus Dream Lake School traffic, Apopka Elementary, Apopka Middle, and Ninth Grade Center traffic……..I will be lucky if I can even get to and from my home, as it will be like a standoff! No need for me to ask for more police patrol as I have been told the police have other priorities! Maybe more milk and cookies are waiting……….yummy yum yum. The brick planters at the 9/11 memorial look really attractive. The company that did them and the donating of the labor and supplies is awesome. I especially appreciate the brick planters as they are so nicely put together. That part I like. With accidents constantly occurring, and with school starting up, with the barrage of traffic and kids walking to and from school, it has me very apprehensive what may happen here in Apopka. 9 COMMENTS And now a horrible wreck at Park Ave. and Sandpiper St. Motorcycle mangled under the front end of a totaled car, right on the corner, of the store at the lift station. Very bad wreck. Mama Mia Mama Mia Mama Mia Mama Mia David m It was supposed to be a very different day in the greater Apopka area. The sun was shining, traffic was steady, and there wasn’t a cloud in the sky. However the last weekend before children return to school in Apopka took an unexpected turn at 9:30 AM, when the Orange County Sheriff’s Office responded to a 911 emergency call in reference to a man with a gun and possible explosive devices at the CVS Drugstore on the intersections of State Road 436 and Wekiva Springs Boulevard.According to Deputy Rose Silva, the Public Information Officer of the OCSO, deputies located a black male with multiple firearms in the CVS parking lot upon arrival. He was later identified as Charles Warren Jr., 50, of Apopka.Deputies evacuated the store as they attempted to communicate with Warren. The Orange County SWAT Unit was also dispatched. Deputies attempted to negotiate with Warren, who made no threats and who had injured no one, but was mostly non-responsive to them according to Silva.A later investigation revealed Warren is known to the area and is mentally disabled.After nearly five hours, deputies saw Warren on the sidewalk and called out to him, but he did not respond to their commands. SWAT deputies shot Warren with two nonlethal soft rounds sometimes called “bean bags” and restrained him, according to Silva. Deputies took Warren into custody and transported him to Florida South for mental and physical evaluation. Warren did not suffer any injuries.Deputies recovered a BB gun from Warren’s waistband, and no explosive devices were found at the scene.The OCSO did not arrest or charge Warren “because there was no intention behind it,” according to Silva.The incident took over five hours to resolve and blocked traffic to two major intersections that are arteries to and from Apopka, Altamonte Springs, Longwood, Orlando, and the Wekiva Springs communities.Multiple agencies including the Apopka Police Department, the Seminole County Sheriff’s Office, the Florida Highway Patrol, and the Orange County Fire and Rescue responded to assist in the standoff. August 14, 2016 at 11:51 am Reply Mama Mia I like the brick columns too, and the same company, Construct Rite Masonry, in Apopka did them also. They live up to their name! Reply August 14, 2016 at 7:49 am TAGSOrange County Sheriff’s OfficeStandoff Previous articleBreaking: Police in Standoff with gunman at CVSNext articleOn This Day: Social Security Begins Denise Connell RELATED ARTICLESMORE FROM AUTHOR You have entered an incorrect email address! Please enter your email address here Reply August 14, 2016 at 11:16 am I wonder if the deputies have ever been shot with these bean bag “soft rounds” to see for their selves just how much pain they inflict?…….I remember when former Sheriff Kevin Beary allowed himself to be hit with a tazer…….I bet these deputies have never been bean bagged. How could you not be hurt?. But if it were up north somewhere, the suspect would be lying in a morgue dead from a real bullet, so it is a hard call for the deputies. They didn’t know what he had on him, or what he was up to. I just feel bad because the man was homeless, mentally challenged, and deaf, but on the positive side, if there is a positive side for this man, he was not arrested and charged by the deputies, and he is alive. Reply Reply I hate the mentally disabled man was shot with beanbags, but I guess the deputies had no choice, and had to resolve the situation, because of the danger he was posing, at least it ended with no one getting shot by real bullets. It was a bad situation. They shoot those bean bags at the black bears too, to get them to move on. Share on Facebook Tweet on Twitter Mama Mia Mama Mia The Anatomy of Fear
Howard University cheerleaders.Bulletin: African-American reporter Jemele Hill was reinstated to her co-hosting job on ESPN’s Sports Center on Oct. 23 following a two-week suspension. Hill, who called Donald Trump a white supremacist in September, was suspended for asking fans to boycott advertisers of the Dallas Cowboys, whose owner Jerry Jones threatened to bench players if they didn’t stand during the national anthem.While Colin Kaepernick, the former San Francisco 49ers quarterback, continues his fight against being whiteballed by National Football League owners, his protest against police brutality and racist oppression by taking a knee during the playing of the national anthem in 2016 continues to impact sectors of society, not only in the U.S. but worldwide. Eleven Hertha Berlin soccer players from the German Premier League, for instance, took a knee on the playing field in solidarity with Black NFL players on Oct. 14.Two members of the gold-winning U.S. fencing team at the Fie World Cup games in Cairo took a knee during the anthem ceremony on Oct. 22.All of the cheerleaders at Howard University, a historically Black college in Washington, D.C., along with Kennesaw State University cheerleaders in Kennesaw, Ga., took a knee. Despite risking suspension, high school football players in Mississippi, Texas and elsewhere have also protested during the anthem.When Nobel Peace laureate Jody Williams received a Human Rights Award on Oct. 15 in upstate New York, part of her acceptance speech was praising Kaepernick for taking a knee against racism. Williams received the Nobel Peace Prize in 1997 for her efforts to ban landmines.When asked in an interview why Kaepernick and others were taking a knee, Williams, who is white, replied, “The seeming inability of this country to deal with racism in general, but in particular, the police brutality against primarily Black men. There certainly has been violence against Black women, but the killings of Black men have been very, very disturbing to many people. I think [they] helped spark the Black Lives Matter movement.” (cbs.news.com, Oct. 19)Players, owners meet On Oct. 17 and 18, 13 NFL players and 11 team owners met at the offices of the NFL in New York City to discuss the protests that continue on a weekly basis during the anthem and flag ceremonies before the games. The players in attendance were Kelvin Beachum, Michael Bennett, Anquan Boldin, Demario Davis, Mark Herzlich, Malcolm Jenkins, Chris Long, Josh Norman, Russell Okung, Eric Reid, Kenny Stills, Julius Thomas and Michael Thomas. Representatives from the NFL Players Association were also present.The players stated that their protests will continue until the NFL takes on a more pro-active role in providing resources to oppressed communities to help bring about equality. This is a just demand since the NFL is the richest professional sports league in the U.S., raking in billions of dollars in profits, especially from television revenues. These players have made it very clear that taking a knee during the anthem is a form of protesting the injustice suffered by Black and Brown people.Only Jerry Jones, the billionaire owner of the Dallas Cowboys, echoed during this meeting the same sentiments as his buddy, Donald Trump, that a rule should be established that players will be benched if they don’t stand for the anthem, because the league is “suffering.” That rule was not voted on — resulting in a victory for the players — although Roger Goodell, the NFL commissioner, reiterated ad nauseum that the protests were “alienating” a majority of fans. He never mentioned that the vast majority of fans who are season ticket holders are white.Player protests continueBennett, a defensive player with the Seattle Seahawks, also announced that no meaningful discussions between the players and owners could take place until the issue of Kaepernick is addressed. Bennett stated at a Oct. 19 press conference: “Before we even negotiate anything about whether we sit or whether we stand, (there) should be a negotiation about opening up the doors for Colin Kaepernick and giving him an opportunity again. For the guy who started everything not to be able to have a voice at this moment doesn’t seem right to me.”When Bennett and his teammates sat during the anthem on Oct. 22, they were harassed by racist New York Giants fans. An estimated two dozen players took part in the protests before the Oct. 22 games.Even though Kaepernick was invited by the players to attend the two-day meeting, no such invitation came from the NFL hierarchy, making him a no-show.Kaepernick made it known in the spring that he was ready to sign with another team, either as a starting or back-up quarterback, once he opted out of his 49ers contract. But going into the eighth week of the NFL season, he remains unemployed.Kaepernick announced on Oct. 14 that he was filing a grievance against NFL bosses, charging them with collusion for denying him employment as punishment for igniting this protest. Whether Kaepernick wins or loses this legal battle, his grievance will be making a strong political argument for exposing these owners and the league, who care more about making profits than defending the rights of the players to fight for racial equality.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
Follow the news on India RSF demands release of detained Indian journalist Siddique Kappan, hospitalised with Covid-19 ASM: Yes, the charges are still pending. I will have to keep attending the court proceedings until the case is completely over. If the press keeps supporting me and putting pressure on the authorities, I could soon be completely free. RWB: What does this case represent for press freedom in India? to go further ASM: A good question. The fourth pillar of the Indian constitution is the press, but these days press freedom and press rights are being considerably curtailed by political pressures, particularly in Tamil Nadu. The press is not able to expose the evil at the roots of the society.The chief minister of Tamil Nadu proudly says he belongs to the press family but he is responsible for injustices being done to the press. I am not the only victim. Many press workers have been arrested in the past few months. RWB: As the charges have not been dropped, what do you think will happen next? March 3, 2021 Find out more December 4, 2009 – Updated on January 20, 2016 Two journalists held in different cases speak out after being freed RSF_en IndiaAsia – Pacific June 10, 2021 Find out more News RWB: Why do you think the authorities took so long to release you? Receive email alerts I would once again like to express my whole-hearted thanks to the Reporters Without Borders team for the great support it has shown me. Let’s all keep working together for freedom of the press.More infos : http://www.rsf.org/Editor-released-after-a-month-in.html News RWB: Tell us about the circumstances of your arrest and detention. Reporters Without Borders is relieved that journalist Laxman Choudhury of the daily Sambad was finally freed on bail yesterday after being held for ten weeks in Gajapati district in the eastern state of Orissa. Released on the orders of the Orissa high court, he is still facing a sedition charge because the local police found Maoist leaflets in his possession. On leaving prison, Choudhury thanked all of his colleagues who campaigned for his release. Reporters Without Borders wrote to the governor of Orissa state on 6 November requesting his release. The press freedom organisation also helped his family.more infos : http://www.rsf.org/Reporter-who-accused-local-police.htmlReporters Without Borders has meanwhile interviewed A.S. Mani, the editor of the Tamil weekly Naveena Netrikkan, who was released on 27 November after being held for a month in Chennai prison, in the southeastern state of Tamil Nadu, on a defamation charge. ASM: I was arrested at home by police from the city of Madurai, who beat me as they drove me to Madurai and forced me to sign two blank sheets of paper. At first I refused but I was beaten, so I had no choice but to sign. Without taking me before a Madurai court, they held me in an AR ground for several hours. When I was finally taken to a magistrate’s house, I asked to be held in a prison in Chennai rather than Madurai because of the possibility of harassment in Madurai. So the magistrate sent me to Chennai. I was safe in the Chennai prison without any tension or problems with the conditions. ASM: It was due entirely to political pressure. My requests for release on bail kept on being rejected on invalid grounds. But eventually, after continuous efforts and support from the media, they had to release me on bail. My case has set an example of press unity in Tamil Nadu. It showed what we can achieve if we are united. “The pen is mightier than sword.” So we should take a united stand and work together for the freedom of the press. IndiaAsia – Pacific News News Help by sharing this information April 27, 2021 Find out more Organisation India: RSF denounces “systemic repression” of Manipur’s media In rural India, journalists face choice between covering pandemic and survival
Tagged with: Deutsche Bank FDIC Goldman Sachs Lawsuits Mortgage-Backed Securities Royal Bank of Scotland Print This Post Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Share Save Home / Daily Dose / Circuit Court Revives FDIC’s Securities Suit Against Deutsche, Goldman, and RBS Deutsche Bank FDIC Goldman Sachs Lawsuits Mortgage-Backed Securities Royal Bank of Scotland 2015-08-11 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago August 11, 2015 1,071 Views Subscribe Related Articles Circuit Court Revives FDIC’s Securities Suit Against Deutsche, Goldman, and RBS Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The 5th U.S. Circuit Court of Appeals in New Orleans has revived a lawsuit filed by the Federal Deposit Insurance Corp. (FDIC) accusing Deutsche Bank, Goldman Sachs, and the Royal Bank of Scotland of fraud with regards to $840 million worth of mortgage-backed securities sold to a Texas bank that later failed, according to multiple media reports.Citing a federal law passed in 1989 following the savings and loan crisis, the 5th Circuit Court ruled that the FDIC had an extended amount of time to file lawsuits on behalf of institutions it insures that went into receivership. The FDIC is accusing the Deutsche, Goldman, and RBS of making false statements in selling $840 million in mortgage-backed securities to Texas-based Guaranty Bank in 2004 and 2005. The FDIC took the bank into receivership in June 2009.A judge in Austin, Texas, dismissed the lawsuits filed by the FDIC last year against the financial institutions, stating that a Texas law that required lawsuits to be filed within five years of the sale of the mortgage-backed securities superseded the federal law. The lawsuits were filed in 2014, nine and 10 years after the securities were sold.Circuit Judge Carolyn Dineen King wrote in her ruling that it was “highly unlikely” that Congress would have applied the time limit in some cases but not all, according to a report from Reuters. She wrote in her ruling that the federal law allowed the FDIC to focus on handling bank failures instead of worrying about whether or not there is a potential statute of limitations and what that time limit might be.This is not the first case in which an appeals court has ruled in favor of the regulators on the time limit issue. Last year, a federal appeals court in Denver found that the National Credit Union Administration filed its mortgage-backed securities lawsuits in a timely manner, according to Reuters.Another mortgage-backed securities case in which RBS was involved was decided in May in favor of the government agency that filed the suit. The FHFA alleged it suffered monumental losses when the sponsor of the mortgage-backed securities, Nomura, and the securities’ underwriter, RBS, did not follow underwriting guidelines on 68 percent of a sample of a bundle of securities backing more than $2 billion worth of mortgages sold to the GSEs prior to the financial crisis of 2008. FHFA was seeking $1.1 billion; the court found Nomura liable and FHFA was awarded $806 million. Nomura has appealed the penalty, and the time limit issue could be pivotal in the appeals court’s decision, since Nomura contents that the FHFA waited too long to file the suit.FHFA currently has a separate suit pending against RBS; the Scotland-based bank is the last case to be decided out of 18 lawsuits filed by the FHFA against lenders in 2011 to recoup U.S. taxpayer costs following the government’s $188 billion bailout of Fannie Mae and Freddie Mac in 2008. Sixteen of the lenders settled; the Nomura case was the first one to go to trial. The RBS case is expected to go to trial sometime next year. in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: GSEs Have Totaled Nearly 3 Million Home Retention Actions During Conservatorship Next: Nearly All Metro Areas See Home Price Appreciation in Q2
Twitter Twitter Google+ Facebook Expert calls for more transparency in fight against Covid-19 Previous articleExpert panel’s recommendations are “unworkable” – INMONext article“Herd Immunity is not the answer” – WHO News Highland Google+ By News Highland – August 20, 2020 Important message for people attending LUH’s INR clinic FT Report: Derry City 2 St Pats 2 RELATED ARTICLESMORE FROM AUTHOR News, Sport and Obituaries on Monday May 24th DL Debate – 24/05/21 A leading health expert says the restrictions should be lifted in Kildare, Laois and Offaly if Covid-19 cases are confined to clusters.The National Public Health Emergency Team will meet this morning to consider whether to extend the lockdown, which is due to end on Sunday.Infectious diseases professor Jack Lambert says it should be removed, if community transmission isn’t widespread.He’s also calling on the government to be more transparent about the pandemic…………Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/08/lambert8am.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp AudioHomepage BannerNews Pinterest Derry draw with Pats: Higgins & Thomson Reaction Facebook WhatsApp Pinterest Arranmore progress and potential flagged as population grows
Environmental changes associated with the Paleocene–Eocene thermal maximum (PETM, ∼56 Ma) have not yet been documented in detail from the North Sea Basin. Located within proximity to the North Atlantic igneous province (NAIP), the Kilda Basin, and the northern rain belt (paleolatitude 54 °N) during the PETM, this is a critical region for testing proposed triggers of atmospheric carbon release that may have caused the global negative carbon isotope excursion (CIE) in marine and terrestrial environments. The CIE onset is identified from organic matter δ13C in exceptional detail within a highly expanded sedimentary sequence. Pollen and spore assemblages analysed in the same samples for the first time allow a reconstruction of possible changes to vegetation on the surrounding landmass. Multiproxy palynological, geochemical, and sedimentologic records demonstrate enhanced halocline stratification and terrigenous deposition well before (103 yrs) the CIE, interpreted as due to either tectonic uplift possibly from a nearby magmatic intrusion, or increased precipitation and fluvial runoff possibly from an enhanced hydrologic cycle. Stratification and terrigenous deposition increased further at the onset and within the earliest CIE which, coupled with evidence for sea level rise, may be interpreted as resulting from an increase in precipitation over NW Europe consistent with an enhanced hydrologic cycle in response to global warming during the PETM. Palynological evidence indicates a flora dominated by pollen from coastal swamp conifers before the CIE was abruptly replaced with a more diverse assemblage of generalist species including pollen similar to modern alder, fern, and fungal spores. This may have resulted from flooding of coastal areas due to relative sea level rise, and/or ecologic changes forced by climate. A shift towards more diverse angiosperm and pteridophyte vegetation within the early CIE, including pollen similar to modern hickory, documents a long term change to regional vegetation.