Bank’s chief hawk says businesses will grow Britain out of recession

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Bank’s chief hawk says businesses will grow Britain out of recession whatsapp Share Tuesday 1 February 2011 8:40 pm whatsapp KCS-content FOR seven months Andrew Sentance stood alone, the only Bank of England rate-setter brave enough to call out for a gradual rise in rates.Yet in January he was finally joined by one of his eight colleagues, Martin Weale, in his appeal for a gradual tightening in the central bank’s rates.“I don’t want to comment on the views of individual members,” he told us yesterday from his majestic Bank of England office overlooking the Royal Exchange, “but as a general observation, the last two sets of minutes have reflected a growing concern about inflationary pressures.”Last week the pair’s stance faced scrutiny when preliminary figures signalled a major setback for the economy at the end of 2010. Some said this proved monetary policy should remain ultra-accomodative.But Sentance remains unfazed.“They did put a health warning around the data, I think people should pay attention to this,” he said, referring to the incomplete nature of the Office for National Statistics’ provisional figures. “And one thing we can pretty clearly say about the fourth quarter data is that it’s heavily snow affected. And we need to be prepared to look through fluctuations in GDP growth when we’re recovering from recessions; growth figures are never linear and smooth in recoveries,” he added.Whether or not Sentance can convince more of the monetary policy committee (MPC) to vote for a rate rise this month, his one man inflation-fighting campaign comes to an end in May, at least from within the Bank’s hallowed halls. The former Confederation of British Industry (CBI) economist is departing the MPC, which he first joined in October 2006 (he marked his entrance back then with an instant call for an interest rate rise; once a hawk, always a hawk). Sentance would prefer his successor, like him, to have a background in business. “I’ve certainly drawn on my business experience in fulfilling my role,” he said, referring to his time at British Airways. “That’s very important for the MPC, to have input that can directly draw on business – I’ve found it particularly helpful. After all, the processes that we’re discussing are very much about how businesses operate in the real world.”And Sentance echoed the calls of business groups for the government to do more to allow private sector growth.“At a time when we’re looking for the private sector to pull the economy forward, it’s important for government policy to be seeking to reinforce that,” he said, citing the CBI’s call for a positive growth strategy from the coalition government.Emphasising the need to combat inflation, Sentance empathised with the effects on businesses and everyday consumers. “Those are the communities who suffer from high inflation,” he said. The consensus against inflation is still very much alive in the commercial world, he insisted. “I don’t see there’s any lack of concern [about inflation] because we’ve seen a lot of media stories about it.”“The things that have really disrupted the UK economy in the past have been letting that inflation genie get out of the bottle, and if expectations do rise and people do start to expect higher inflation, it is a hard and painful job of reasserting stability,” he warned.The Bank enjoys a “hard won stock of credibility” from years of keeping inflation low and on target, Sentance said, while stressing that it must not squander this reputation by allowing inflation to threaten the economy again.“I’m concerned from my time on the MPC that we make sure that we are keeping that stock of credibility topped up by acting consistently with our target. I think the longer the situation goes on where we’re not prepared to take any monetary policy action against rising inflation, the bigger the threat to credibility becomes,” he said. “Over a period of time if the MPC appears not to act when there are things it could do to at least moderate the inflationary pressures then that [loss of credibility] is a risk.”“The fact is that measures of inflation expectations have moved upwards, the direction of travel of these measures is pretty clear and that’s something the MPC should look at very carefully, and be concerned about,” he said.And the Bank must bear in mind the strength of the global recovery, Sentance warned. “We’re a very international economy, a lot of our inflationary processes are also influenced by the international economy so we need to take that into account in setting UK interest rates.” “What is happening is we’re having these external and cost pressures on inflation but the demand climate for the UK is allowing them to come through to the consumer, and I think the worry is the beginning of a change in the pricing climate that we’ve seen in the UK, away from a pricing climate based on low and stable inflation.”“All the big shocks that the MPC has had to deal with in its life have been driven by the international economy,” he said, listing the Asian crisis and bursting of the dotcom bubble as two examples. “We should be reflecting on that experience, and taking the current external factors seriously.”But what of claims that inflation is merely caused by temporary and external effects – commodity prices, the rise in VAT? Sentance is unconvinced.“I don’t think you can compartmentalise inflation in that way,” he responded. “In the current climate we’ve seen the demand situation in the UK economy has improved very considerably. The growth of nominal demand is almost the strongest that we’ve seen even if we compare to the 1990s and 2000s before the crisis.”Nominal domestic demand – spending by UK consumers, businesses and government, in total money terms – was up 6.8 per cent year-on-year in the third quarter of 2010, Sentance said.“One of the indicators that worries me most is the price expectations measure in the CBI’s industrial trends survey, which jumped between October and January – the biggest jump they’ve seen in that survey since the late 1960s.”And Sentance rejects the claim that spending cuts will halt the recovery, citing the fiscal consolidation of the 1990s as a precedent. “There was a big fall in government spending as a percentage of GDP and there were some selective tax rises as we’re now seeing – and the economy grew through that period,” he said. Sentance remains as willing as ever to put his neck on the line: “I still believe the time to have started raising rates was the middle of last year.” His colleagues on the MPC didn’t agree, but it seems inevitable they will be forced to raise rates at some point this year. Let us hope this won’t turn out to be a case of closing the stable doors after the horses have bolted.CV | ANDREW SENTANCEAge: 51Work: Former senior economist at the Confederation of British Industry (CBI). At London Business School, became director of the centre for economic forecasting. In 1998 joined British Airways, where he became chief economist and head of environmental affairs.Education: Educated at Eltham College; Clare College, Cambridge University; and the London School of Economics, where he gained his PhD. He holds a visiting professorship at Royal Holloway, University of London and is a Fellow and former chairman of the Society of Business Economists. Family: Married, two children. 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Football Index planned administration days before dividend change

first_img“The options for a Jersey company are far more limited than a UK company,” read the minutes. It was concluded that Neil Kelly, CEO of BetIndex, received authorisation from the board to collaborate with Marcus Pallot of the law firm Carey Olsen to receive a Jersey court date and letter of representation, ensuring BetIndex would go into UK administration with Begbies Traynor. Further details of the process of the operator’s decline were also revealed in court documents. On an 11 December 2020 board meeting, it was announced that Football Index was suffering losses due to its dividend exposure. As a result, co-owner and chief executive Adam Cole agreed to step down on the same day. Tags: Football Index BetIndex Court documents have revealed that Football Index operator BetIndex decided to go into administration on 5 March 2021, prior to the dividend change on 8 March 2021. The operator then made a change in March – just after announcing plans to go into administration – that lowered customer dividends, saying that this was necessary to keep the business alive. On 8 January 2021, Football Index gave its customers 30 days of notice for the removal of its in-play dividends from the platform. Football Index claimed that a replacement dividend was to be announced in its place. This replacement dividend scheme was later implemented on 29 January 2021 and increased monthly dividend liability by £80,000. Football Index planned administration days before dividend change Topics: Casino & games Finance Legal & compliance Social responsibility Sports betting Legal Regulation Sports betting regulation A hearing to decide how Football Index’s £4.5m player protection fund will be divided among bettors will take place today (21 May) at the High Court of England and Wales. A total of £3.2m will pay for funds in customer accounts at the time of administration. “Jersey processes do exist however they are unlikely to be as effective as UK administration.” It was therefore decided that administration in the UK was preferable. After mounting pressure, BetIndex announced its claims process on 14 April for customers who were still owed money. The decision to allow the company to undergo UK administration is then decided by the UK court. Other documents released ahead of the hearing today include emails from customers who had placed bets after 8 March, including one who said he placed bets worth £2,000 on 11 March. Subscribe to the iGaming newsletter However, there has been further discussion over the status of bets and dividends that were active at the time Football Index was suspended. Regions: UK & Ireland With mounting pressures on return payments, BetIndex announced in March that it would enter administration. The GB Gambling Commission also suspended its licence at this time, following a year long investigation. The Commission later said there had already been cause for concern, but believed that suspending the licence earlier could provide further financial shock and so make it more likely that customer funds would be lost. The minutes detailed that in order to have a foreign company undergo UK administration, the company must qualify under a specific section of the UK insolvency act. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance It was decided that the hearing will set a cut-off date for active bets. The proposed dates are 11 March, 26 March, and a time after 26 March. Ahead of the hearing, BetIndex announced that it plans to relaunch Football Index, claiming that it will give equity in the business to individuals who held an active Football Index portfolio when it entered administration. Minutes of the 5 March BetIndex board meeting, which were included in the court documents, also revealed the board’s explanation for the decision to go into administration in the UK and not in Jersey, where the business is based. It was outlined during the meeting that Jersey does not have the same strict administration conditions as the UK. BetIndex announced that it would enter administration one week later, on 11 March 2021. On the dates from 8-11 March, however, the platform was open, with players able to place bets. 21st May 2021 | By Marese O’Hagan Email Addresslast_img read more

Scottish Mortgage Investment Trust: 2 peers paying bigger dividends

first_img Our 6 ‘Best Buys Now’ Shares John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Sabuhi Gard owns shares of Scottish Mortgage Investment Trust in their SIPP. The Motley Fool UK has recommended Tesco 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. Image source: Getty Images. Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… Enter Your Email Address 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. There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Click here to get access to our presentation, and learn how to get the name of this ‘double agent’!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. Scottish Mortgage Investment Trust (LSE: SMT) has been in the news lately after its shares had a bit of a rollercoaster ride, falling to 950p at the beginning of March. Since then, its share price has showed signs of clawing back some of its earlier losses.One of the UK’s largest investment trusts, in my opinion Scottish Mortgage is famous for two things: its holdings – Tesla, Amazon and Alibaba to name but a few stellar US tech stocks – and the c.365% rise in its shares over the past five years. However, sadly not for its dividend of 0.3%, according to the latest ‘divided heroes’ table from the Association of Investment Companies (AIC).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…So, if I’m looking for a bigger dividend, should I turn to Scottish Mortgage’s peers in the Global Sector? I will indeed, as I look to expand my SIPP portfolio!Several of Scottish Mortgage’s peers in the Global sector deliver a far better dividend. For example, Scottish Investment Trust (LSE: SCIN), which has a substantial 3.2% yield at the time of writing, or Witan Investment Trust (LSE: WTAN) which has a yield of 2.4%. Both offer a marginally better dividend than Scottish Mortgage, but their shares’ performance has varied over a five-year period. A rise of over 43.5% over a five-year period is pretty healthy for Witan Investment Trust’s share price, and Scottish Investment’s shares have risen a modest 22% in the past five years.Witan Investment Trust is less technology focused compared to Scottish Mortgage Investment Trust, preferring to focus on stalwarts like Tesco and Unilever. Scottish Investment Trust’s holdings focus on different companies, like US banking giant Wells Fargo and UK telecoms leviathan BT.Scottish Investment Trust’s objective is to “provide long-term above average returns through a diversified portfolio of international equities and to achieve dividend growth ahead of UK inflation”. Meanwhile, Witan’s objective is to “achieve an investment total return exceeding that of the benchmark of the Company over the longer term, together with growth in the dividend ahead of inflation through active investment in global equities”.Both Witan and Scottish Investment Trust are very much investments for the long term, with both companies looking to achieve dividend growth ahead of inflation, which is more than can be said for their peer Scottish Mortgage Investment Trust.Although Scottish Mortgage has succeeded in an impressive share price increase over the years, it has recently been knocked back due to the volatility of Tesla’s and Amazon’s shares which forms a significant part of its holdings – a weighting of 8.89% for Tesla and a weighting of 6.55% for Amazon. This volatility might be repeated in the future. Scottish Mortgage Investment Trust: 2 peers paying bigger dividends See all posts by Sabuhi Gard Sabuhi Gard | Thursday, 18th March, 2021 | More on: SCIN SMT TSCO ULVR WTAN AMZN Simply click below to discover how you can take advantage of this.last_img read more

Suspension order against newspaper lifted

first_img April 9, 2021 Find out more Receive email alerts GuineaAfrica December 9, 2004 – Updated on January 20, 2016 Suspension order against newspaper lifted Help by sharing this information May 19, 2021 Find out more Follow the news on Guinea On 8 December 2004, the National Communications Board (Conseil national de la communication, CNC), Guinea’s media regulatory body, announced the lifting of a suspension order against “Le Quotidien” newspaper. The paper was suspended “indefinitely” more than three weeks ago and its editorial team is experiencing serious financial difficulties as a result of the forced closure.”We applaud this decision, as late as it is,” said RSF. “We maintain that Siaka Kouyaté, the (paper’s) publication director and author of the offending article (that resulted in the suspension), did not violate any rules of journalistic conduct and that the newspaper did not deserve such a heavy penalty. ‘Le Quotidien’ must be allowed to resume publishing without delay. We hope that there will be no further obstacles to its publication and distribution,” RSF concluded.Following international pressure, threatening phone calls to Kouyaté stopped a few days after the paper’s suspension. But Kouyaté and “Le Quotidien”‘s entire editorial team found themselves and their families under serious financial strain as a result of the CNC decision.————————-22.11.2004Authorities close the country’s sole privately-owned dailyReporters Without Borders today condemned the “indefinite” closure of Guinea’s only privately-owned daily, Le Quotidien, by the National Communication Council (CNC) since 13 November because of a column headlined, “The country is in bad shape… when will the uprising take place?”The press freedom organisation also deplored the threatening phone calls which the newspaper’s editor, Siaka Kouyaté, has been receiving for the past week.”Le Quotidien’s closure is clearly unjustified,” Reporters Without Borders said. “Such a radical measure should be a last resort but it was taken without prior warning. The way this affair is developing in fact suggests that an attempt is being made to terrorise Kouyaté and his staff and silence them for good.”The organisation added : “After reading Kouyaté’s article we have concluded that it in no way violates Guinea’s laws or disturbs ‘the peace, calm and democracy,’ as the CNC argues. Le Quotidien must be allowed to resume publishing immediately in order to safeguard the diversity of news and information in Guinea.”The column, which ran on the newspaper’s front page on 7 November, was an analysis of Guinea’s social, political and economic situation. It spoke of the country’s poor health and referred to a “national confession.” It said: “Everyone realises there is only one solution for such a situation – an uprising. And, quite logically, everyone seems to be waiting for the president to be the first to give the signal.”The article defined this uprising as a “revolt against our bad practices, our bad reflexes and our bad choices,” and called for a national reawakening. “The people expect that the chief they have chosen should give the signal for violence, the positive violence that all great nations adopt when the historic moment demands.”Kouyaté learned that his newspaper was to be closed down from a CNC communiqué broadcast on national radio and television that said the column was “very harmful and tendentious” and violated press ethics. Guinea’s news media would not allowed to “turn into subtle and undeclared dispensaries of racism or hate,” the statement added.Kouyaté went to the CNC’s headquarters in attempt to explain, but was turned away. He told Reporters Without Borders that since then he has received “phone calls of a threatening tone that clearly betray a desire to intimidate.” He said some of the calls were anonymous and some came from the Directorate for Territorial Surveillance (DST). GuineaAfrica Guinean journalist finally freed after being held for nearly three months Newscenter_img News Organisation Guinea : RSF and AIPS call for release of two imprisoned journalists News to go further April 15, 2021 Find out more News Guinean journalist’s continuing detention is “incomprehensible,” RSF says RSF_en last_img read more

2018 Primary featured a mostly crowded field

first_img Ector County’s Justice of the Peace Precinct 4 candidate Eddy Spivey reads early voting results Tuesday night at the Ector County Administration building annex. Greg Simmons gives a victory speech after he is announced as the winner of the Ector County Precinct 2 County Commissioner race Tuesday night at an election party. Landgraf prepares for state budget debate Facebook Ector County Justice of the Peace candidate Gary Dunda reads early voting results Tuesday night at the Ector County Administration building annex. Home Local News Government 2018 Primary featured a mostly crowded field Local NewsGovernment 2018 Primary featured a mostly crowded field Ector County Justice of the Peace candidate Matthew Stringer reads early voting results Tuesday night at the Ector County Administration building annex. Previous articleMan indicted in stabbing death of roommate’s girlfriendNext articleSeven suspects charged with capital murder admin RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest Twitter 1 of 10 Debi Hays receives a hug from her mother Alta Grozier, 82, after she is announced as the winner of the Ector County Judge race Tuesday night at an election party. Landgraf staffer resigns following investigation State Sen. Kel Seliger (R-Amarillo) held off two GOP challengers including former Midland Mayor Mike Canon and Amarillo businessman Victor Leal to hold on to his seat with 50.41 percent of the vote. Seliger will now face Libertarian Jack Westbrook in the upcoming November election.Of the 80,636 total votes, Canon ended up with 31.39 percent of the vote and Leal with 18.19 percent. Canon won Ector County.Seliger said his victory was “absolutely wonderful.”“It’s fulfilling and vindicating and all those kind of things,” Seliger said.He added that he and his team worked very hard and had a message of service and accomplishment to the district.“We ran a positive campaign. …,” Seliger said.In Ector County’s county judge race Odessa businesswoman Debi Hays won more than 60 percent of the vote over attorney Chris Fostel.It was the first time in 16 years that the county’s top administrator had been decided by a contested election, with 7,805 votes cast in the race. And it fell as the county faces critical challenges including the prospect of an ongoing budget crisis and finding a way to replace a courthouse in disrepair.Hays will be the first county judge in decades who is not an attorney, a fact she and her supporters touted during the campaign.“I think that voters are really going to look to make sure that I’ve kept my word of making sure that their vote counts, and that there is transparency, that I have an open-door policy, and that the county is a good steward.”The race was decided Tuesday because no challenger had filed for the November election. Incumbent County Judge Ron Eckert’s term expires at the end of this year. But Eckert, who announced he would not seek re-election after voters shot down a proposal last year to create a sales tax for unincorporated parts of Ector County, has left open the possibility of resigning before the end of his term.The heated GOP race for the Precinct 2 county commissioner’s seat went to the incumbent with Greg Simmons defeating Brandon Tate by almost 17 percentage points.Simmons won nearly 60 percent of the vote in a race that played out with almost daily social media jabs between the candidates and their supporters. There is no Democratic challenger in November.Unofficial results from the Ector County Elections office show Simmons received a total of 2,585 votes and Tate received 1,836 votes.Simmons said he’s proud of his track record and also excited to work with Ector County’s new county judge, as well as work toward the fruition of possibly a new county sales tax and a new courthouse sometime down the road.“And so I’m glad to be a part of that and just very humbled that the people have entrusted me,” Simmons said, adding that he was thankful for everyone’s support.Republican candidates for county commissioner Precinct 4, Russell Wright and Arlo Chavira, also had some mudslinging since the beginning as Chavira aired dirty laundry about Wright’s arrest history.Wright came out on top Tuesday night though, receiving 341 votes to Chavira’s 191 votes, unofficial results showed. Chavira could not be reached for comment Tuesday.After results came in Tuesday, Wright said the campaign has been an uphill battle all the way.“From the Precinct Chair, all the way, every turn that I made it was an uphill battle. But I didn’t walk it alone. I had faith and my wife by my side,” Wright said. “I just had a good ground game, went door to door.”Wright said he’s not getting too excited about the win, though.“We’re only halfway there. We still have one more hill to climb,” he said.Wright will face incumbent Armando Rodriguez in November. Rodriguez has held the office for 12 years.Rodriguez came out ahead of Virginia Bryant in the Democratic Primary by 88 votes, unofficial results showed. Rodriguez won 55.56 percent of the vote with a total of 440 votes, with Bryant taking 44.44 percent with a total of 352 votes.After the results came in, Rodriguez said he appreciated God and appreciated all of his supporters.“I will fight for what we can do together to improve our community and Precinct 4,” Rodriguez said.One county race is headed to a runoff. The race had seven candidates but is down to two. Missi Walden and Matthew Stringer will face each other in a May runoff election.Walden stands in first place — the unofficial final results show her taking 31.7 percent of the vote with 1,361 votes. Stringer took second place at 22.87 percent of the vote with 982 votes.“Right now, I have the plurality of the votes and I think that’s a good indication, and I’m hoping everyone will look and see that I have the experience and hope they’ll vote for me,” Walden said.Stringer said he was tired and hungry after the results finally came in around 9 p.m. Tuesday night, but was happy with the results and is feeling confident going into the runoff.Gary Dunda took third place in the election, taking 13.23 percent of the vote with 568 votes.“I’m just happy at my age that I was able to run with the young ones,” Dunda said. “And I’ll be supporting Missi.”Jet Brown had the fourth highest amount of votes at 449, taking 10.46 percent of the vote, followed by Sheryl Jones, who took 9.15 percent of the vote with 393 votes.The two with the least amount of votes were Marvin Jennings, with 263 votes and 6.59 percent of the vote, and Steven Westfall, who took 6.01 percent of the vote with 258 votes.The runoff election for the vacant seat will take place on May 22, with polls open from 7 a.m. to 7 p.m. There will also be early voting from May 14 to May 18. Whoever wins the runoff will be the de facto winner of the seat, as they will face no Democratic challenger in the November election.Longtime incumbent Eddy Spivey held onto the Justice of the Peace Precinct 4 seat, defeating challenger Jesse Porras by more than 100 votes.Spivey took 57.55 percent of the vote with 427 votes, defeating Porras, who took 42.45 percent of the vote with 315 votes.This is the second time Spivey has beaten Porras for the seat, who challenged Spivey once before in 2014.Spivey, a Democrat, was first elected to the seat in 1995, and will continue serving at least until the next election in 2022, as he faces no Republican challenger in the November election.The May runoff Kris Crow, left, Ector County Sheriff Mike Griffis, center left, Debi Hays, center, and Bill Page read early voting results Tuesday night at an election party. WhatsApp WhatsApp Slap Your Mama It’s So Delicious Southern Squash CasseroleHawaiian Roll Ham SlidersSouthern Style Potato SaladPowered By 10 Sec Sausage Cream Cheese Crescents NextStay Ector County Justice of the Peace Precinct 2 candidates Gary Dunda and Sheryl Jones read early voting results Tuesday night at the Ector County Administration building annex. Pinterest Tuesday’s primary election decided many local offices with no contested races in November but also left one race headed to a runoff and a few contests slated for November.Here’s the rundown:U.S. Rep. Mike Conaway easily won his GOP primary with 82.27 percent of the vote to challenger Paul Myers’ 17.72 percent.“Suzanne and I are grateful for the outpouring of support we’ve received, and we’re looking forward to protecting the America we know and love for future generations to come,” Conaway said late Tuesday in a news release. Facebook Debi Hays receives encouraging words from her husband Dwayne Hays after she is announced as the winner of the Ector County Judge race Tuesday night at an election party. By admin – March 7, 2018 The runoff election for the vacant seat will take place on May 22, with polls open from 7 a.m. to 7 p.m. There will also be early voting from May 14 to May 18. Candidates Missi Walden and Matthew Stringer will be on the ballot. Church leaders condemn mayor’s disparaging comments Debi Hays gives a victory speech after she is announced as the winner of the Ector County Judge race Tuesday night at an election party. Matthew Stringer, left; Missi Walden Greg Simmons gives a victory speech after he is announced as the winner of the Ector County Precinct 2 County Commissioner race Tuesday night at an election party.last_img read more

Fed Chair Discusses Recession, Economic Expansion

first_img Previous: The Inside Track on FHA Property Preservation Next: South Beach Blues: Miami’s Delinquency Rate Nears 6%  Print This Post Tagged with: Economy Fed Powell Economy Fed Powell 2020-02-11 Seth Welborn About Author: Seth Welborn Share Save The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago During the first part of Federal Reserve Chair Jerome Powell’s Monetary Policy Report, Powell reported that the U.S. Economy is currently in a “very good place,” citing the 11th consecutive year of economic expansion, as well as a moderate increase in activity and a strengthened labor market.Powell has said that he does not believe that the markets are at risk of a recession.“I don’t think so and I certainly hope not,” Powell said. “There’s no reason why the expansion can’t continue. There’s nothing about this expansion that is unstable or unsustainable.”On Monetary Policy, Powell noted that the Federal Open Market Committee (FOMC) believes that the current stance of monetary policy will support continued economic growth, a strong labor market, and inflation returning to the Committee’s symmetric 2% objective.“Taking a longer view, there has been a decline over the past quarter-century in the level of interest rates consistent with stable prices and the economy operating at its full potential,” Powell said. “This low interest rate environment may limit the ability of central banks to reduce policy interest rates enough to support the economy during a downturn. With this concern in mind, we have been conducting a review of our monetary policy strategy, tools, and communication practices.“Public engagement is at the heart of this effort,” he added.During his testimony, Powell also noted that the Fed will be “closely monitoring” the coronavirus and its impact on global economic growth. Despite the threat from the virus, he said Fed policy is well positioned after a series of rate cuts in 2019.“As long as incoming information about the economy remains broadly consistent with this outlook, the current stance of monetary policy will likely remain appropriate,” he said.Powell’s testimony will continue on Wednesday, February 12. The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articlescenter_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 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. Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Fed Chair Discusses Recession, Economic Expansion February 11, 2020 3,022 Views Sign up for DS News Daily Home / Daily Dose / Fed Chair Discusses Recession, Economic Expansionlast_img read more

Derry Judge criticises failure to provide secure beds for young people

first_img 365 additional cases of Covid-19 in Republic Further drop in people receiving PUP in Donegal Main Evening News, Sport and Obituaries Tuesday May 25th Derry Magistrates CourtA District Judge in Derry has said that the judiciary has been telling the health trusts ‘for ages’ that they were not building a big enough facility to provide secure beds for young people but had not been listened to.The comments by District judge Barney McElholm came during a bail application by a youth charged with attempted rape and sexual assault of a girl in the Creggan area of Derry on March 18.The youth is also charged with the false imprisonment of the girl, threatening to kill her and assaulting her all on the same date.During the bail application a solicitor for the youth, Ms Elaine Kirk, said her client would stay with a relative and abide by any conditions imposed by the court.Judge McElholm asked how far was it between this address and where the girl went to school and was told that it was about half a mile. He said he was concerned about the girl meeting the youth, adding she has every right to expect that the court would protect her from any potential risk.Judge McElholm said he did not want the youth to spend any longer in custody than he had to but that something else would have to be found.He said the trusts had been told they were not building big enough facilities to provide secure accommodation but had not listened. The trusts should be doing everything in their power to obtain secure accommodation he said, adding “it is quite disgraceful there are never enough secure beds.”He adjourned the bail application to see if an alternative acceptable address could be found.The youth will appear again on April 24. Man arrested on suspicion of drugs and criminal property offences in Derry Google+ Facebook Previous articleHarkin says Hogan must pull back on plan to limit Leader companies’ independenceNext articleUpdate – “Crude but viable” device made safe in Derry News Highland WhatsApp 75 positive cases of Covid confirmed in North Pinterest Derry Judge criticises failure to provide secure beds for young peoplecenter_img Twitter Google+ Twitter WhatsApp RELATED ARTICLESMORE FROM AUTHOR By News Highland – April 11, 2014 News Pinterest Facebook Gardai continue to investigate Kilmacrennan firelast_img read more

€70,000 worth of drugs seized near Letterkenny

first_img WhatsApp News, Sport and Obituaries on Monday May 24th Pinterest €70,000 worth of drugs seized near Letterkenny Important message for people attending LUH’s INR clinic Approximately €70,000 worth of drugs have been seized during a weekend operation just outside Letterkenny.Gardai raided two properties in Drumkeen on Saturday and seized MDMA to the value of €40,000, Cocaine worth €22,000, cannabis to value of €8000.A man in his 20s was arrested and detained at Letterkenny Garda Station for questioning with investigations ongoing.In a statement, Inspector Goretti Sheridan said that this is a very significant seizure by the Drug Unit in Letterkenny. It highlights the type of drugs which are available in the community.Gardai are urging the public to report any suspicious activity to An Garda Siochana if they suspect any persons to be involved in or premises being used for the sale and supply of drugs. Previous articleCampbell urges people with LIS applications to attend public meetingsNext articleSean Devenney stays on course for World qualifying News Highland WhatsApp Google+ Facebook Twitter Loganair’s new Derry – Liverpool air service takes off from CODA center_img Community Enhancement Programme open for applications Facebook Arranmore progress and potential flagged as population grows Google+ Homepage BannerNews By News Highland – February 19, 2018 Pinterest RELATED ARTICLESMORE FROM AUTHOR Nine til Noon Show – Listen back to Monday’s Programme Twitterlast_img read more

NEW-FASHIONED: Todd Mill modernizes sugar cane production

first_img By Jaine Treadwell Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthGet Fortnite SkinsTCGThe 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 InterestedOffensiveRepetitiveSubmitCancel Published 3:00 am Saturday, September 14, 2019 You Might Like Plans underway for historic Pike County celebration Email the author Todd said syrup making begins at the cane mill but no new cane mills were produced in the United States after December 7, 1941.“When President Franklin Roosevelt declared war on Japan, he also ordered the foundries to cease manufacturing all equipment except that necessary for the war effort,” Todd said. “With all manufacturing directed to the war effort, there was no way to replace parts on cane mills that went down. They had to be repaired.”Todd’s experience in the syrup-making business qualified him as a cane mill repairman and business was good for a while. Patriots drop regional opener to Northside The Pike Liberal Arts Patriots could not keep pace with the bigger Northside Knights Friday night, falling 30-13 in the… read more Skip Troy falls to No. 13 Clemson Print Article The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Latest Stories Pike County Sheriff’s Office offering community child ID kits Sponsored Content “The mills were operated steadily and without changes or upgrades so the bearings in the old-model cane mills only lasted a couple of years,” he said.But the bearings in Todd’s new cane mill are brass and oil impregnated.“These bearings will never have to be greased,” Todd said. “The new mills also have a reversing switch that allows the user to back the mill up if it becomes clogged.“And, the mill is lightweight and portable. It’s easy to set up and take down and it runs off a 110-electric plug. It’s made out of durable materials and it’s meeting the demands of the growing interest is syrup making. People all across the country are getting back to producing their own vegetables and fruits. Farmers’ markets are increasing because shoppers are looking for locally grown products.”And with that movement, comes syrup makers and the increasing market for cane mills.Industrial Metal Works in Dothan is the manufacturer of Todd’s Cane Mill 2.Steven Robinson, owner, said orders for the cane mills are steady.“In addition to Alabama, we have shipped Todd’s Mill 2 cane mills to Kansas, Wisconsin, Tennessee, Arkansas, Louisiana, Mississippi, Florida, Georgia, North Carolina and South Carolina,” Robinson said. “In May, we shipped two cane mills to Haiti, so we are beginning to export the mills.”Robinson said he is working to fill an order for 20 of Todd’s mills for a bar in Miami.“What I understand is the bars are selling a drink that is made with cane juice,” he said. “The juice is ground in the bar, rum is added and it’s served right there at the mill. The drink is extremely popular.”Robinson, laughingly, said he doesn’t have first-hand knowledge of the cane juice and rum concoction but he stands by the Todd Mill 2 and also believes that syrup making is making a comeback in today’s high-tech world.Bevin Brown is the first syrup maker in Pike County to purchase a Todd Mill 2.Brown said his father-in-law John Virgil Botts grew a little cane and he had an interest in and taste for cane juice.In 2010, Brown went to Perrie McCartha’s syrup day and watched him make syrup. His interest in the old way of making syrup grew and his desire to grind cane juice.“John Brabham let me borrow his cane mill,” Brown said. “A couple of weeks ago, he decided he needed it back. I heard Joe Todd had developed a new mill so I decided to buy one and set it up for the family’s enjoyment, especially the grandkids.”Brown said he enjoys raising cane and operating a cane mill. And, he just might get out an old syrup kettle and make syrup.Todd isn’t surprised that syrup making is coming back strong.“People want to get back to doing things the old way and that’s the best way,” he said. “You won’t get syrup from a manufacturer that is as pure as that made the old way. At Todd’s Farm, we grow our own cane, grind our own juice, cook it in a kettle, and put the syrup on a biscuit. It doesn’t get any better than that.”Todd’s syrup is also bottled and sold right there on the farm. And, those who want to see what syrup making is all about are invited to Todd’s Farm on Monday, October 14, to see cane harvesting, grinding and syrup making.Those who twist Todd’s arm just might get a biscuit to sop in the syrup. Remember America’s heroes on Memorial Day “Then, it got to the point where you couldn’t find replacement parts for the cane mills or, if you could, they were too expensive,” said Todd. “I decided, with today’s technology, there ought to be a cane mill on the market that was durable, affordable and one that could be moved and setup without a lot of trouble.”Two years ago, Todd designed and manufactured the first cane mill since 1941. And, with a couple of upgrades, he is certain that the cane mill is a better “mousetrap.”“With average use, this new mill should last 50 years without needing to be repaired,” Todd said. “It’s that maintenance free.”Todd said, said the old cane mills were manufactured between 1906 and 1941. By The Penny Hoarder NEW-FASHIONED: Todd Mill modernizes sugar cane production Book Nook to reopen 12PrevNextStartStop Ralph Waldo Emerson said “Build a better mousetrap and the world will beat a path to your door.”Joe Todd of Todd Farms in Dothan said “Amen” to that.The seventh-generation syrup-maker with deep Pike County roots, has built a better “mousetrap” and already he can hear the footsteps on the path.last_img read more

Artisans Invite Public to Free Pageant on Saturday Night

first_img2013 Miss Artisan Pageant in Ocean CityMembers of The Artisans Order of Mutual Protection will visit Ocean City June 6 through 8 for the 69th time.They will hold the annual Miss Artisan Pageant on Saturday, June 7, to select a young lady to represent the organization for the coming year.The free program starts 8 p.m. at the Ocean City Music Pier (Boardwalk at Moorlyn Terrace) and is open to the public. It will feature unusual entertainment. A group of professional circus clowns will provide an amusing interlude during the evening.The Artisans will be led by Most Excellent Master Artisan, Theresa Ludwig, who will be presented a “Key to the City” during the evening. Mrs. Ludwig’s father, Gene Geary, was MEMA 30 years ago and recently swore her into office.The Artisans have been very supportive of Ocean City events and were one of the patrons of the Mr. Mature America Pageant that raised $1,000 for both the City’s Food Cupboard and the Philippine Recovery Effort. Every year during their visit they make a generous donation to the Food Cupboard.The Artisans Order of Mutual Protection was formed following the Civil War to provide economical insurance to working people.— News release from the City of Ocean Citylast_img read more