TSL Limited (TSL.zw) HY2010 Interim Report

first_imgTSL Limited (TSL.zw) listed on the Zimbabwe Stock Exchange under the Industrial holding sector has released it’s 2010 interim results for the half year.For more information about TSL Limited (TSL.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the TSL Limited (TSL.zw) company page on AfricanFinancials.Document: TSL Limited (TSL.zw)  2010 interim results for the half year.Company ProfileTSL Limited, listed on the Zimbabwe Stock Exchange, participates in the auctioning of tobacco, printing and packaging, supply of inputs to agriculture, storage and distribution services. The Company was founded in 1957 and through the energetic pursuit and implementation of a diversification strategy has grown to become a significant player in its chosen spheres of operation.last_img read more

House in Tsurumaki / Case-Real

first_img “COPY” Architects: CASE-REAL Area Area of this architecture project Houses 2013 House in Tsurumaki / Case-Real photographs:  Takumi OtaPhotographs:   Takumi OtaSave this picture!© Takumi OtaRecommended ProductsCultural / PatrimonialAccoyaAccoya® Wood in an Iconic Biblical Project: Giant Noah’s Ark CladWood Boards / HPL PanelsEGGERLaminates XLHeatingFocusFireplaces – ErgofocusText description provided by the architects. A detached house standing in the high density residential area in Tokyo. Save this picture!© Takumi OtaThe site for this project was one of the 5 subdivided areas with the North side facing the street, and the other 3 sides neighboring the other houses. Within these difficult circumstances the client wished for a living room on the South side full of sun light. The core of this residential housing is the hexagon volume on the Southern side of the site. This shape resulted in a plan where sunlight continuously shines into the living room from dawn till dusk. Save this picture!© Takumi OtaCreating a minimum parking space needed for a compact car and by sliding the volume of the structure to the North as far as possible, we were able to keep a planting ground and to efficiently let light into the room. For the plan of each floor and its traffic lines, the roof and the beam which can be seen at the ceiling of the 2nd floor, the existence of this hexagon structure works as a strong elemement to chategorize the function, structure and design of the entire house. Save this picture!First Floor PlanProject gallerySee allShow lessFour Architectural Innovations Make Time’s Top 25 Inventions For 2013Architecture News“Immersive Bowl-Shaped Structure” Proposed to be High Line’s Final GatewayArchitecture News Share Japan Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/449317/house-in-tsurumaki-case-real Clipboard CopyHouses•Japan 2013 Save this picture!© Takumi Ota+ 26 Share “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/449317/house-in-tsurumaki-case-real Clipboard CopyAbout this officeCASE-REALOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesJapanPublished on November 19, 2013Cite: “House in Tsurumaki / Case-Real” 19 Nov 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPartitionsSkyfoldChoosing the Skyfold Wall for Your SpaceGlass3MGlass Finish – FASARA™ GeometricShower ColumnshansgroheShoulder ShowersPanels / Prefabricated AssembliesMorin Corp.Metal Wall Systems – ExposedStonesCosentinoSurfaces – Dekton® Stonika SeriesConcrete FloorsSikaIndustrial Floor CoatingsHanging LampsLouis PoulsenPendant Lights – KeglenDoorsSky-FrameInsulated Sliding Doors – Sky-Frame SlopeThermalSchöckMinimizing Thermal Bridges in BalconiesWindowspanoramah!®ah! Ultra MinimalistEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreWork ChairsDynamobelWork Chair – SLAT 16More products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream House in Tsurumaki / Case-RealSave this projectSaveHouse in Tsurumaki / Case-Real Year:  Area:  61 m² Area:  61 m² Year Completion year of this architecture project ArchDaily Photographs Year: last_img read more

Charities Bill Coalition joined by financial services providers

first_img  30 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 14 May 2003 | News Tagged with: Finance Giving/Philanthropy AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The campaign for a charities bill received a boost this week with the announcement that both the Charities Aid Foundation (CAF) and the Charity Finance Directors’ Group (CFDG) have become members of the Charities BillCoalition.The coalition now has 29 members. Other recent additions include Leonard Cheshire and Marie Curie Cancer Care. Stephen Ainger, Chief Executive of CAF, said: ‘CAF believes that the momentum for reform of charity law must be maintained by early legislation. To delay would mean kicking real change into the long grass.” Advertisementcenter_img Shirley Scott, Director of the Charity Finance Directors’ Group said: “It’s important not to lose the impetus for change created by the two Government reviews published last year. Several of the recommended changes will facilitate more straight forward accounting, especially in charity trading, which our members will welcome.”Recently, the Charities Bill Coalition wrote to the Prime Minister and his Cabinet Ministers encouraging them to support the reform of charity law and urging them to press their colleagues in the Home Office to commit to a charities Bill in this year’sQueen’s speech.The National Council for Voluntary Organisations (NCVO) launched a campaignfor a Charities Bill at the Labour Party Conference in October 2002. The Charities Bill Coalition was launched at NCVO’s Annual Conference in February 2003 at which time the Home Secretary announced that a draft bill would be prepared for pre-legislative scrutiny. Charities Bill Coalition joined by financial services providers About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Indiana FFA’s Berning Competes for National Office

first_img Indiana FFA’s Berning Competes for National Office SHARE SHARE Noah Berning will soon be vying for one of the six National FFA Officer positions. In the running are 38 of the United States’ most elite young agriculture leaders.Berning was selected by a state nomination committee to serve as the National FFA Officer candidate on behalf of Indiana.“Indiana FFA is an exceptional youth organization that is developing strong leaders and agriculturists,” said Indiana State Department of Agriculture Director Bruce Kettler. “I truly admire Noah’s ambition to serve not only the state of Indiana but all of the United States, Puerto Rico and the Virgin Islands. Best of luck, Noah!”Berning was an active member of the Heritage FFA Chapter in Monroeville where he competed in many contests ranging from welding to ag sales. Notably, Noah placed as a gold individual at the national farm business management contest at the 2019 National FFA Convention. He is now a Freshman at Purdue University double majoring in Ag Systems Management and Agriculture Economics. Since arriving at Purdue in August, he has participated in the Purdue Grand Prix Junior Board, Agronomy Club, Collegiate Farm Bureau and became a member of Farmhouse Fraternity.Over the last few months, Berning has been preparing for the intense interview process that will be taking place entirely in a virtual format this year.“I know that I didn’t make it here alone,” Berning said. “I am honored to have the opportunity to represent the state of Indiana and all of those who have invested in me. I look forward to making many connections along this journey.”In order to be considered, candidates must complete a two-phase interview process. If they pass the first phase, which consists of four rounds and eliminates 50% of the candidates, they will be tested in round-robin conversations, media interviews with stakeholders and their ability to lead a classroom discussion, as part of the second phase.The newly-selected National FFA Officers will be announced on Oct. 29, during the final session of the 2020 National FFA Convention and Expo.“Noah’s dedication to Indiana FFA and passion for agriculture is unwavering,” said Sam Miller, Indiana FFA Acting Director. “I am certain Noah will make Indiana FFA and our state proud.”For more information about the National FFA Organization visit ffa.org or inffa.org to learn more about the Indiana FFA Association. Facebook Twitter By Indiana State Dept. of Agriculture – Oct 18, 2020 Home Indiana Agriculture News Indiana FFA’s Berning Competes for National Office Facebook Twitter Previous articleHoosier Ag This Week – The Week in Review Podcast for October 17thNext article34th Hoosier Beef Congress Set for December 4-6, 2020 Indiana State Dept. of Agriculturelast_img read more

TCU keeps gender ratio, looks to increase diversity

first_imgprintLooking across TCU’s campus during a rush to class, two things are obvious – there are more women than men on campus, and there are few students of color. While admissions is taking steps to increase diversity on campus, it looks like the gender gap is staying the same. The Office of Institutional Research released the updated student demographic data for 2017 in October. Nowell Donovan, the provost and vice chancellor for academic affairs, has analyzed trends and compared TCU’s data with other schools in a series of presentations throughout the semester. Student Ethnic DemographicsEthnic diversity is about more than morality it is the key to staying relevant, Heath Einstein, the undergraduate admissions counselor, said. He added that increasing diversity benefits the campus community.In an email, Karen Espino, a junior mechanical engineering and math double major, wrote increasing diversity would help minority students feel more welcome. She also said diversity improves learning.“Diversity allows for different ideas and opinions to be brought up,” Espino said. “Sometimes, people need a different point of view in order to understand a subject.”While there are more Hispanic students at TCU than before (in fact, Einstein said this demographic made up the largest increase), the proportion of African American students at TCU has remained the same. This stagnancy comes despite an increased number of African American students.“Proportionately, there’s been no increase in African American students,” Donovan said. InfogramEspino said she notices the lack of diversity on campus– saying as a minority, the lack of diversity is “apparent.” Espino also said diversity promotes awareness of different backgrounds.“It makes students aware of the fact that there are people of many different backgrounds, and definitely makes them more open-minded,” Espino said. Einstein said TCU hosts recruitment events for students of color, including Shades of Purple, which recruits students of color from the Dallas-Fort Worth area. “The percent of students of color here is not where we want it,” Einstein said. “But it’s the highest it’s ever been.”Student Gender RatioWomen have dominated TCU for 40 years, but the Horned Frogs aren’t the only ones with female student population on the rise. In 1994, 63 percent of females and 61 of males attended college immediately after graduating high school. However, in 2012 female enrollment increased to 71 percent, while male enrollment didn’t change. Boschini said 65.4 percent of college degrees in the last two years were earned by women. Donovan said the ratio between male and female students at TCU has been “essentially flat.” The ratio, which is 52 females to 48 males, hasn’t changed in the past 40 years, Donovan said. InfogramTCU would have to admit 950 more men and 950 fewer women to even the gender ratio– something Donovan said won’t be happening.“It’s not realistically going to happen,” Donovan said. “I don’t want to lose 950 females.” Previous articleUpcoming construction on Bluebonnet CircleNext articleThe ‘Let’s Talk’ program starts a new conversation about mental health at TCU Caroline Love RELATED ARTICLESMORE FROM AUTHOR Linkedin ReddIt Caroline Lovehttps://www.tcu360.com/author/caroline-love/ Caroline Lovehttps://www.tcu360.com/author/caroline-love/ Caroline Love Facebook Linkedin Caroline Love graduated from TCU’s journalism program in May 2019. During her senior year, she interned at KERA and C-SPAN in Washington D.C. If she’s not working on a story, she’s probably watching Friends. Twitter TCU admissions has 1,619 more applicants than it did at this time last year. Facebook + posts Twitter ReddIt World Oceans Day shines spotlight on marine plastic pollution Starting school in the ‘red zone’ Department of Education’s Title IX changes could impact TCU students Title IX advocate works to support TCU survivors of sexual assault Caroline Lovehttps://www.tcu360.com/author/caroline-love/ Students share ideas at ‘I Am Heard’ sexual assault forum Caroline Lovehttps://www.tcu360.com/author/caroline-love/ TCU places second in the National Student Advertising Competition, the highest in school history Welcome TCU Class of 2025last_img read more

Police attack journalists during Tunis demonstrations

first_img Organisation News TunisiaMiddle East – North Africa News News Eleven organizations from civil society create the Forum on Information & Democracy, a structural response to information disorder Follow the news on Tunisia Tunisia : RSF asks Tunisian president’s office to respect journalists to go further July 19, 2011 – Updated on January 20, 2016 Police attack journalists during Tunis demonstrations Forum on Information and Democracy 250 recommendations on how to stop “infodemics”center_img Receive email alerts Help by sharing this information RSF_en News December 26, 2019 Find out more TunisiaMiddle East – North Africa While hailing Tunisia’s progress in respect for civil liberties, Reporters Without Borders is disturbed by the violence that the security forces deliberately used against journalists during a demonstration in central Tunis on 15 July and by the fact that the Prime Minister Béji Caïd Essebsi held the media partly responsible yesterday for the current social and political unrest.When around 100 people tried to demonstrate outside the Kasbah Palace in Tunis on 15 July in protest against the current government’s policies, police blocked access to the palace, so many of the demonstrators went to the nearest mosque to made their demands heard, accompanied by the dozens of journalists who were there to cover the protest.The security forces charged the protesters several times, hitting them with batons, insulting them and using out-of-date tear-gas on them. They also used violence against journalists, who were clearly identifiable because of their cameras even if they were not wearing press markings.The journalists who were attacked included Nesrine Alloush, Shaker Besbes (Radio Mosaïque), Khawla Selliti (Radio 6), Amani Fethullah, Bashir Al-Saghairi (Radio Jeunesse), Assad Mahmoudi (Tunisna), Reza Al-Tamtam, Marwan Farhani (a freelancer), Hajar Al-Mutairi (Al Sa’a) and Bassam Al-Barqawi (Al Sa’a).“Hundreds of people were deliberately targeted by the police,” Agence France-Presse correspondent Sofiane Ben Farhat told Reporters Without Borders. “I heard men in uniform shout: ‘The men with cameras down there, they must be attacked’.” Defending their actions, the police accused the demonstrators of vandalism and taking alcohol into the mosque. The Union of Journalists filed a complaint against the interior ministry the next day.Reporters Without Borders regards the comments that Prime Minister Essebsi made about journalists during an address to the nation yesterday as dangerous. He clearly portrayed them as trouble makers and blamed them for the current unrest. November 11, 2020 Find out more November 12, 2019 Find out morelast_img read more

Eminent Caltech Physicist Charles W. Peck Passes Away

first_img Name (required)  Mail (required) (not be published)  Website  3 recommended0 commentsShareShareTweetSharePin it Top of the News Charles W. Peck. Credit: Courtesy of the Caltech ArchivesCharles W. Peck (PhD ’64) — an eminent physicist, dedicated educator, and former chair of the Division of Physics, Mathematics and Astronomy at Caltech — passed away on Thursday, July 21, 2016. He was 81 years old.Peck was born November 29, 1934 in Freer, Texas, and earned his bachelor of science degree from New Mexico College of Agriculture and Mechanical Arts in 1956. He went to Caltech for his graduate studies, receiving a PhD in 1964. Peck spent his entire professional career at Caltech, first as a research fellow (1964–65) and then as assistant professor (1965–69), associate professor (1969–77), and professor of physics. He retired in 2004. From 1983 to 1986, Peck served as executive officer for physics; he was PMA chair from 1993 to 1998.Peck was a “great scientist, a kind individual, and an amazingly dedicated and successful teacher,” says Fiona Harrison, the Benjamin M. Rosen Professor of Physics and the Kent and Joyce Kresa Leadership Chair of PMA. He was twice (in 1988 and 2001) the recipient of an award for teaching excellence from the Associated Students of the California Institute of Technology (ASCIT) and received an award for teaching excellence from the Graduate Student Council in 1993.Peck’s research was in the area of experimental particle physics, designing and conducting experiments to study the basic constituents of matter. As a graduate student, he used the electron synchrotron at Caltech to investigate a class of exotic short-lived particles known as “strange.” He participated in a wide range of accelerator-based studies aimed at probing the structure and properties of quarks—the fundamental building blocks of matter—and at clarifying the nature of the strong and weak nuclear interactions, two of the four fundamental forces of nature.“The first I heard of the legendary Charlie Peck was when I joined [the late] Bob Walker’s group in my first year in the physics program at Caltech,” recalls Elliott Bloom (PhD ’67) of the SLAC National Accelerator Laboratory. “Charlie was a senior graduate student working with Bob; he had spent a large part of his graduate student career getting the electron synchrotron to work and was finally able to complete his thesis doing physics with this machine. His work on the machine enabled a long line of graduate students to much more rapidly obtain their degrees, including me. We all loved him for that alone.”When the “charm” quark, a previously unknown type of matter, was discovered in the 1970s, Peck and Bloom invented and built a totally new type of particle detector they called the “Crystal Ball.” It was a hermetically sealed detector that accurately measured all photons that emerged from particle collisions, enabling important studies of the properties of charmed quarks. This device proved to be both powerful and productive, not only for understanding charm quarks, but for many follow-on experiments, including pivotal studies of the subsequently discovered “bottom” quark.“Charlie hired me fresh out of graduate school to work on the Crystal Ball, to my considerable good fortune,” recalls Professor of Physics Frank Porter (BS ’72). “He loved his teaching and his research and was always cheerful when doing either. I remember Charlie best in front of an oscilloscope poking away at some subtlety of an apparatus. It was a great temptation to join him on such occasions, first because I knew it would be fun, and second because I would certainly learn something.”With his longtime friend and colleague Barry Barish, Ronald and Maxine Linde Professor of Physics, Emeritus, Peck was one of the leaders of a large international collaboration that performed a search for magnetic monopoles. Magnetic monopoles are the magnetic analog of single electric charges and have been sought for more than 100 years. They could provide a key confirmation of Grand Unified Theories that seek to unify three of nature’s four forces—the electromagnetic, weak, and strong forces—into a single force. The experiment, MACRO (Monopole, Astrophysics, and Cosmic Ray Observatory), was located 3200 feet under the Grand Sasso mountain in Italy. Although the experiment did not find magnetic monopoles, it set what are still the most stringent limits on their existence.“My favorite image of Charlie was 6000 miles from Pasadena deep under the Gran Sasso mountain, where he was patiently sitting and explaining physics to our graduate students,” Barish says.Peck is survived by his wife, Kathleen, and by four children from a previous marriage. Subscribe Your email address will not be published. Required fields are marked * EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Make a comment More Cool Stuff Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday 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.center_img Business News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News People Eminent Caltech Physicist Charles W. Peck Passes Away By LORI DAJOSE Published on Sunday, July 24, 2016 | 11:16 pm Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy First Heatwave Expected Next Week Community News Herbeauty10 Questions To Start Conversation Way Better Than ‘How U Doing?’HerbeautyHerbeautyHerbeautyKate Beckinsale Was Shamed For Being “Too Old” To Wear A BikiniHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeautyHerbeauty’First Daughters’: From Cute Little Kids To Beautiful Young WomenHerbeautyHerbeautyHerbeautyThese Lipsticks Are Designed To Make Your Teeth Appear Whiter!HerbeautyHerbeauty Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Engineer Aislinn helps rebuild lives in typhoon-hit Philippines

first_imgLimerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” by Alan [email protected] up for the weekly Limerick Post newsletter Sign Up Aislinn HayesCASTLETROY woman Aislinn Hayes has travelled to the Philippines with a team of volunteers from housing charity Habitat for Humanity Ireland to help families rebuild homes destroyed by Typhoon Haiyan .After arriving in Southeast Asia on Valentine’s Day, 23-year-old Aislinn will spend this week helping low-income families in the community of Daanbantayan create their own earthquake and disaster-resistant homes.An engineering graduate, Aislinn decided to take a year out after completing her studies in London’s Imperial College to travel and work with charity.“My family were a bit anxious about me going to the other side of the world but they’ve been very supportive. I’m very excited,” she told the Limerick Post ahead of her departure last Friday.Through charity events such as table quizzes and a rollerblade jam, Aislinn fundraised over €2,500 for Humanity for Humanity. The charity builds and renovates homes in partnership with low-income families in 70 countries around the world, including Ireland.“Habitat gives me the opportunity to really make a difference in a physical and safe way, rather than just throwing money at a far away problem. The people of the Philippines have experienced awful tragedy as a result of the recent typhoons. Hopefully this trip will give a boost to at least some families and local volunteers over there,” said Aislinn.Typhoon Haiyan was one of the strongest storms in history. When it smashed into the Philippines in November 2013, it caused widespread destruction. Some 6,300 people were killed and more than one million homes were destroyed or damaged.According to executive director of Habitat for Humanity Ireland, Vinnie Cunningham, their volunteers’ “invaluable support” will offer families in the Philippines the opportunity to pull themselves out of devastation and rebuild their lives.Habitat for Humanity Ireland’s overseas volunteering programme is open to the public. No construction experience is necessary. For more details log onto www.habitatireland.ie. Limerick’s National Camogie League double header to be streamed live RELATED ARTICLESMORE FROM AUTHOR WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Email WhatsApp Print Limerick Ladies National Football League opener to be streamed live NewsLocal NewsEngineer Aislinn helps rebuild lives in typhoon-hit PhilippinesBy Alan Jacques – February 26, 2015 953 center_img Linkedin Advertisement Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories Facebook Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Previous articleOpen multimedia night for Limerick artistsNext articleShannon Heritage bags prestigious GPO contract Alan Jacqueshttp://www.limerickpost.ie TAGSAislinn HayesHabitat for Humanity IrelandlimerickPhilippinesTyphoon Haiyan Twitterlast_img read more

For GameStop day traders, the moment they’ve dreamed about

first_img Facebook WASHINGTON (AP) — They’ve endured a financial crisis. Two deep recessions. Mounds of student debt. Stagnant pay. Costly health care. Dim job prospects. They’ve seen the uber-rich grow richer while a pandemic threw tens of millions of people out of work and left many more isolated and vulnerable at home. Now, they feel, it’s payback time. Nearly a decade after the Occupy protest movement left Wall Street more or less unscathed, the citadel of financial might faces a new assault. Day traders, mobilized on a subreddit page, have poured about all the money they can find into the stocks of a struggling video game retailer called GameStop and a few other beaten-down companies. Their buying has swollen those companies’ share prices beyond anyone’s imagination — and, not coincidentally, inflicted huge losses on the hedge funds of the super-rich, who had placed bets that the stocks would drop. Their strategy, of course, is freighted with risk. The prices of the stocks they’ve bought are now multiples above any level justified by revenue, earnings or future prospects. The danger is that at any time, the stocks could collapse. Maybe so. But as one Reddit user wrote Friday, asserting that hedge fund financiers would drink Champagne as they looked down upon Occupy Wall Street protesters in 2011: “I’d rather lose it all than give them what they need to destroy me … I’ll burn it all down just to spite them.’’ Their rage and hell-bent drive to pick on powerful Wall Street financiers have sent shivers through ordinary investors and heightened fears about the fragility of the markets in general after a prolonged period of stock gains fueled by ultra-low interest rates. Those fears just caused the S&P 500 index to suffer its worst week of losses since October. GameStop shares? They rocketed nearly 70% on Friday. Over the past three weeks, they’ve delivered a stupefying 1,600% gain. “They figured out how to play the way Wall Street has been playing for a long time,’’ said Robert Thompson, who has long tracked cultural trends as director of Syracuse University’s Bleier Center for Television and Popular Culture. “I’m amazed it didn’t happen earlier.’’ Feeding the frenzy have been young traders like 27-year-old Zach Weir, who this week bought five shares of GameStop. “I’m a college student, so that’s basically a month’s rent for me,” said Weir, who is pursuing a master’s degree in marketing. He did it, he said, because he believes in the cause: Protecting a cherished game store, where he would hang out as a teenager on Friday nights, from financial tycoons who want the company to fail. And if he loses his investment? “If my account goes to zero, it goes to zero,” Weir said. “At this point, it’s not about the money. I think this is bigger than the money now” Frustration and rage over widening financial inequities in the American economy have been mounting for years. The richest 1% of Americans collected about 19% of pre-tax income in 2019, up from less than 11% four decades earlier, according to the World Inequality Database, run by Emmanuel Saez and Gabriel Zucman, economists at the University of California, Berkeley, along with other researchers. New York University economist Edward Wolff has found that the richest 10% of Americans own roughly 85% of stock wealth, a share that has grown steadily over time. The financial crisis that ignited the Great Recession of 2007-2009 intensified resentment toward the bankers who had financed the dodgy loans behind the catastrophe and had ignored the obvious risks, only to receive bailouts from taxpayers and largely escape accountability. Rising outrage fueled the Occupy movement, in which protesters took over New York’s Zuccotti Park and other public spaces and demanded far-reaching financial reforms that mainly didn’t happen. The coronavirus inflicted further pain, flattening the economy and causing more than 20 million Americans to lose jobs. This week, a report from the anti-poverty group Oxfam found that the world’s 10 richest men have swollen their collective wealth by $500 billion since the pandemic erupted in March. In the meantime, nearly 10 million people who lost jobs to the pandemic remain unemployed. The stock market, the chosen target of the Reddit day traders, has long stood as America’s premier symbol of entrenched wealth. But technology, including forums like Reddit, has made it ever easier, faster and simpler for the aggrieved to mobilize, swap information and collectively plot strategy. And e-trading apps, notably Robinhood, allow amateur traders to buy commission-free stocks with one click. They spotted a vulnerability in the market: The so-called short squeeze. When hedge funds and other investors want to bet that a stock price will fall, they arrange a short sale: They borrow shares of, say, GameStop. Then they sell those borrowed shares, planning to buy back the stock later at a lower price and pocket the gain. But shorting can backfire disastrously if the stock surges instead of falling. Then the short sellers can be forced to bail out of their bets by buying the target stock. Their buying, in turn, can send the stock price ever higher and makes things even worse for the short sellers in an intensifying feedback loop. GameStop, its future imperiled by e-commerce and a pandemic that has kept customers away, is among the most heavily shorted stocks. Some of the Reddit rebels are gamers who want to protect the retailer from the predations of Wall Street. Or just deliver a righteous blow to hedge funds and financiers who have lived large as others have suffered hardships. Not all the day traders are inflamed by anger. They just see an opportunity to make money and pay bills. “A lot of people are having trouble paying rent,” said Alexis Goldstein, a veteran of the Occupy movement. “A lot of people are at risk of eviction. A lot of people are very desperate, quite frankly, for new ways to make money.’’ Yet Goldstein worries that the revolt will ultimately fail. For one thing, some of the Wall Street firms that are targets of the Redditors actually profit from the very volatility that the Redditors’ assault has whipped up. And the most sophisticated professional traders are no doubt calculating how to capitalize on the chaos. Normally, they have to work hard and invest heavily to determine what their competitors are doing and to profit from that information. By contrast, the Reddit day traders are announcing their intentions, brazenly and publicly. “I suspect it’s not Robinhood investors and Redditors who are making money,’’ Goldstein said. She would like to see a different slate of reforms — reforms to rein in Wall Street’s excesses while helping those who’ve been left behind. “Hopefully, we can ask fundamental questions about whether we want our markets to be speculation-driven or do we want them to create innovation and jobs,” she said. “Stop hustling so hard for a buck and instead rebuild the social safety net.’’ Tom Osran, a 59-year-old Chicago lawyer, has been reading the WallStreetBets forum on Reddit for years. But it was only last week that he decided to act for the first time, buying into GameStop. His investment, he said, is up 1,000% from last week, though he declined to reveal the dollar amount. Osran said he figures that its astronomical stock rise can save GameStop from hedge funds that are betting that a company with 40,000 employees will fail. “It’s fun being part of a movement,” Osran said. He knows he could lose everything he put into GameStop shares. Yet he’s philosophical. “We’re all adults, we all know stocks can go up and down,” Osran said. “It’s been insanely lucrative so far, but it could be all gone tomorrow.” ——— Pisani reported from New York. Pinterest Facebook By Digital AIM Web Support – January 30, 2021 Twitter TAGS  WhatsAppcenter_img For GameStop day traders, the moment they’ve dreamed about Previous articlePalmeiras beats Santos to win Copa Libertadores finalNext articleCOLLEGE MEN’S BASKETBALL: DBU at UTPB Digital AIM Web Support Twitter Pinterest WhatsApp Local NewsBusinessUS Newslast_img read more

New York AG Highlights Success of Home Retention Programs

first_imgHome / Daily Dose / New York AG Highlights Success of Home Retention Programs in Daily Dose, Featured, Foreclosure, News The Best Markets For Residential Property Investors 2 days ago New York AG Highlights Success of Home Retention Programs Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Auction.com Named One of AlwaysOn’s Global 250 for 2015 Next: Consumer Expectations Toward Housing and Economy Growing More Positive avoiding foreclosure Home Retention Programs New York AG Eric Schneiderman New York Attorney General 2015-07-13 Brian Honea  Print This Post Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles July 13, 2015 1,493 Views About Author: Brian Honeacenter_img Tagged with: avoiding foreclosure Home Retention Programs New York AG Eric Schneiderman New York Attorney General The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily New York Attorney General Eric Schneiderman on Monday highlighted the success of three programs the New York Office of the Attorney General (OAG) has created in the last five years to combat the effects of the housing crisis, according to an announcement from the New York OAG office.Schneiderman said the three programs his office has created, the Homeowner Protection Program (HOPP), the New York State Mortgage Assistance Program (NYS MAP), and AGScamHelp.com, have benefited tens of thousands of homeowners in New York State by helping them avoid foreclosure and keeping them in their homes.”When I took office in 2011, I made a commitment to rebuild and revitalize New York communities devastated by the foreclosure crisis,” Schneiderman said. “Thanks to the success of the Homeowner Protection Program, Mortgage Assistance Program, and AGScamHelp.com, my office has been able to help 43,000 families—including hundreds in the North Country—stay in their homes. I will continue to fight for justice for the victims of the housing crisis.”HOPP, a network of about 90 housing counseling and legal services agencies aimed at providing free high-quality assistance to distressed homeowners at risk of foreclosure. Since HOPP’s launch in June 2012, it has supported more than 43,000 homeowners in New York. The program is supported by $100 million out of the multi-billion dollar settlements Schneiderman helped negotiate out of incidents stemming from the financial crisis.NYS MAP was launched in September 2014 to help provide families who are at immediate risk of losing their homes to foreclosure with small loans to help pay off debts that prevent them from qualifying for mortgage modifications. The program, which is also funded by money from settlements, offers loans of up to $40,000 to help borrowers pay mortgage arrears, second or third liens that are delinquent, or unpaid property tax bills. In less than a year, the program has approved 212 loans totaling $6 million, with an average loan size of $24,555, according to Schneiderman’s office.The OAG is working with two agencies, Center for New York City Neighborhoods (CNYCN) and Empire Justice Center, to assist in the operations of NYS MAP. The program is modeled after a New York City-funded pilot program administered through CNYCN, according to Schneiderman’s office.AGScamHelp.com is a Web-based app launched in December 2014 in direct response to the growing number of mortgage rescue scams both in New York and nationwide. The app, which is also funded by money from settlements, is aimed at helping borrowers seeking assistance avoid foreclosure scams by helping those homeowners determine if a mortgage assistance company has been vetted by a government agency. The OAG encourages borrowers facing foreclosure to work only with free, qualified housing counseling agencies within HOPP. More than 42,000 homeowners have been conned out of $100 million nationwide, according to a December 2014 report from the Center for NYC Neighborhoods and the Lawyers Committee for Civil Rights Under Law.”I applaud Attorney General Schneiderman for his ongoing commitment to rebuilding rural communities like the North Country,” New York State Senator Betty Little said. “We’re still reeling from the financial crash that started nearly a decade ago. The mortgage assistance programs created by Attorney General Schneiderman are a much-needed safety net for North Country families at risk of losing their homes.”last_img read more