Category: iesag


Kenya Power & Lighting Company Limited (KPLC.ke) HY2009 Interim Report


first_imgThe Kenya Power & Lighting Company Plc (KPLC.ke) listed on the Nairobi Securities Exchange under the Energy sector has released it’s 2009 interim results for the half year.For more information about The Kenya Power & Lighting Company Plc (KPLC.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the The Kenya Power & Lighting Company Plc (KPLC.ke) company page on AfricanFinancials.Document: The Kenya Power & Lighting Company Plc (KPLC.ke)  2009 interim results for the half year.Company ProfileThe Kenya Power & Lighting Company Plc formerly (Kenya Power & Lighting Company Limited) (Kenya Power or KPLC) is an electricity company in Kenya with interests in geothermal, hydro and thermal power generation as well as power generated from solar and wind sources. Formerly known as East Africa Power & Lighting Limited, the company changed its name to The Kenya Power and Lighting Company Limited in 1983. The company transmits, distributes and retails electricity to customers throughout Kenya and is a national electric utility company; managing electric metering, licensing, billing, emergency electricity services and customer relations. KPLC also offers optic fiber connectivity to telecommunication companies through an optical fiber cable network which runs along high voltage power lines across the country and feeds into the national power grid throughout Kenya. Kenya Power’s head office is in Nairobi, Kenya. The Kenya Power & Lighting Company Plc is listed on the Nairobi Securities Exchangelast_img read more


Grit Real Estate Income Group Limited (DEL.mu) 2018 Annual Report


first_imgGrit Real Estate Income Group Limited (DEL.mu) listed on the Stock Exchange of Mauritius under the Financial sector has released it’s 2018 annual report.For more information about Grit Real Estate Income Group Limited (DEL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Grit Real Estate Income Group Limited (DEL.mu) company page on AfricanFinancials.Document: Grit Real Estate Income Group Limited (DEL.mu)  2018 annual report.Company ProfileGrit Real Estate Income Group Limited is a property investment company that is particularly interested in African real estate assets. The company mainly deals with US dollar and Euro denominated medium to long term leases with high quality global graded tenants. Grit Real Estate Income Group Limited also operates in Morocco. Mozambique, Mauritius, Kenya and Zambia. Grit Real Estate Income Group Limited has a primary listing on the Johannesburg Stock Exchange, and a secondary listing on the Stock Exchange of Mauritius.last_img read more


3 top FTSE 250 dividend stocks I’d buy right now


first_img 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. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. G A Chester | Tuesday, 14th April, 2020 | More on: CEY PHP UKW G A Chester has no position in any of the shares mentioned. The Motley Fool UK has recommended Greencoat UK Wind and Primary Health Properties. 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. See all posts by G A Chestercenter_img Image source: Getty Images. 3 top FTSE 250 dividend stocks I’d buy right now Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Dividend stocks aren’t exactly covering themselves in glory right now. A whole host of previously big payers have cancelled their payouts due to Covid-19. Furthermore, I don’t think we’ve seen the last of them.However, I reckon there are still a good number of companies capable of delivering dividends for investors. Among them are FTSE 250 firms Centamin (LSE: CEY), Primary Health Properties (LSE: PHP) and Greencoat UK Wind (LSE: UKW). Here’s why I like these three businesses, and their dividend prospects.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…Dividend stocks: gold starI’ve long been a fan of gold miner Centamin. Its Sukari mine in Egypt is a world-class, low-cost, long-life asset. This means it can make profits (and pay dividends) even at times when the price of gold is relatively weak. Its strong, cash-rich balance sheet and pipeline of future growth prospects add to the investment appeal.The company took early action to maintain safe operations at Sukari. And it said last week: “As of 5 April 2020, Centamin has no recorded cases of Covid-19 on-site and has experienced no material disruption to operations, supply chain or gold shipments.“Highly attractive 5.8% yieldCentamin’s board told us in January it’s proposing a final dividend of $0.06 per share for 2019, which would bring the total for the year to $0.10 per share (8p at current exchange rates). At a share price of 137.6p, the yield is a highly attractive 5.8%.Dividend stocks: property pickPrimary Health Properties owns a portfolio of modern primary health facilities in the UK and Ireland. I like the fact 90% of the group’s rent-roll is paid directly or indirectly by the UK and Irish governments. Because of this, it’s one of the most reliable dividend stocks around.In a recent trading update, the company said it’s cash and undrawn loan facilities give it “significant liquidity headroom.” It also said: “The company intends to maintain its strategy of paying a progressive dividend.”Primary Health paid 5.6p per share dividends in 2019, and has signalled 5.9p per share for 2020. This would extend its record of annual dividend increases to 24 years. At a current share price of 157.2p, the prospective yield is a solid 3.8%.Dividend stocks: infrastructure incomeGreencoat UK Wind is the leading London-listed renewable infrastructure investment company. It’s invested in 36 UK wind farms, most of which are wholly owned or majority owned. I see this as another relatively low-risk business, with reliable cash flows and dividends.In a trading update on 20 March, management said portfolio generation year-to-date was 20% ahead of budget. And forward power prices for the remainder of the year are relatively stable. The update also added: “The target dividend of 7.1p per share is expected to be well covered.”Inflation-linked payoutSince listing on the stock market in 2013, Greencoat has delivered on its aim “to provide shareholders with an annual dividend that increases in line with RPI inflation while preserving the capital value of the investment portfolio in real terms.” I expect this to continue, despite Covid-19.At a current share price of 143p, the prospective dividend yield is 5%. This makes Greencoat another of my favoured dividend stocks to buy right now.last_img read more


How should I invest £10k?


first_img Image source: Getty Images Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Rupert Hargreaves | Saturday, 1st August, 2020 How should I invest £10,000 or any other amount today? Buying stocks could be a good option.While the outlook for the global economy is uncertain in the near term, over the long run, the stock market is a tried and tested way of building wealth. 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…How should I invest?There are many ways to invest in the stock market. Some people use investment funds, which pick stocks on your behalf. These funds are split into two main groups: actively managed funds and passive funds. Actively managed funds are handled by an investment manager and tend to charge a little bit more for this service. Meanwhile, passive funds are only designed to track a stock market and are, as a result, cheaper. Investing in funds is an excellent way for investors to gain exposure to a broad range of stocks in different sectors at the click of a button. Most online stockbrokers allow investors to buy funds, and some even offer discounts. Another way to invest in the stock market is to buy individual stocks. This approach requires more work, but it can be more rewarding. Indeed, research shows that buying shares at low prices can generate high returns over the long term. However, as the outlook for the global economy is highly uncertain at present, it may be best for investors to avoid certain firms and stick with high-quality businesses that have strong balance sheets. These sorts of companies are most likely to be able to weather the current uncertainty. They may even come out stronger on the other side. The best of both worldsThe best approach for investors looking to invest a lump sum today may be to use a blend of funds and single stocks. This would allow you to buy individual stocks, which may generate higher returns but reduce the amount of work required. By outsourcing some of the portfolio to fund managers, you may be able to increase your diversification without having to take on any extra work. For example, small-cap companies can produce higher returns than large-cap stocks over the long run. However, investing in small-caps can be a challenging process, which is best left to the experts. As such, it may be sensible to buy a portfolio of blue-chip stocks and small-cap funds. This would allow you to profit from the growth of these small-caps without exposing your portfolio to too much risk. The bottom lineNow may not seem like the perfect time to invest in the stock market. Still, research shows that buying stocks at low prices can produce high total returns over the long run. Therefore, if you have £10,000 or any other amount to invest today, using the approach outlined above may be the best way to benefit from the market’s long-term performance. center_img Our 6 ‘Best Buys Now’ Shares 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. How should I invest £10k? Enter Your Email Address 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. See all posts by Rupert Hargreaveslast_img read more


3 reasons why I’m still positive on the Boohoo share price, despite the 15%+ fall yesterday


first_img3 reasons why I’m still positive on the Boohoo share price, despite the 15%+ fall yesterday Simply click below to discover how you can take advantage of this. See all posts by Jonathan Smith 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. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Jonathan Smith | Tuesday, 20th October, 2020 | More on: BOO Image source: Getty Images. center_img For most of the past couple of years, Boohoo group (LSE:BOO) was in the news for all the right reasons. The company was going from strength to strength. High-profile marketing campaigns with celebrities, strong revenue growth and a soaring share price. This year has been different. The Boohoo share price has seen sharp plunges three times in 2020, all for different reasons. But is this now a stock to steer well clear of, after another big fall yesterday?Fall down three times, get up four?The first slump in the Boohoo share price was in March when the pandemic was really starting to hit in the UK. An ensuing national lockdown and furlough schemes meant consumer demand fell. With people concerned about money, investors sold out of stocks and went into safer assets such as gold. But Boohoo managed to bounce back from this slump, as investors quickly realised that fast fashion from online retailers actually was performing well.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…The second slump came in July, thanks to reports surfacing of poor working conditions in a factory in the midlands. There were also allegations of low pay, all of which reflected poorly on Boohoo and the suppliers it chose to use. The share price almost halved by mid-July. With the firm making changes and accepting the need for greater awareness, the Boohoo share price again recovered. This was also helped by some strong mid-year profit figures, up 51% from the same period last year.The third fall is the one we saw yesterday. Accountant PwC announced it would no longer audit the accounts for Boohoo, after doing so for the past six years. It cited reputational concerns, likely due to the above point mentioned from the summer. As a result, the share price dropped sharply in trading yesterday, putting the share price back around 250p.Why I’m still positive on the Boohoo share priceI’ve bought and sold Boohoo stock already this year, and know of others who have bought one of the dips and made very good returns in only a short space of time. I’ll be buying back in to the company next week when I have funds available, as I’m still positive about the stock going forward.For investors, reputational concerns are important, but ultimately the bottom line is what really drives a share price. Given that Boohoo is performing very well financially, I expect investors to buy the current dip in the share price, as they have done twice this year already. Until its finances start to be hampered significantly from reputational concerns, I don’t see the share price being materially depressed. With the share price quickly recovering from the previous two tumbles, it shows that there is strong long-term demand to buy the stock when some view the valuation as being cheap.Add to this the success the firm has enjoyed even during the pandemic so far. Active customers have risen by 34% this year, showing the benefit of being an online retailer. So even with tiered lockdowns looking likely over the winter, Boohoo should be able to continue to operate at a profitable level.I’m still positive on the stock, and think it represents a good buy for investors on any dips seen. jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has recommended boohoo group. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address “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.last_img read more


The National Question & Black Liberation


first_imgVladimir LeninIn commemoration of Lenin’s death 90 years ago. Excerpted from a talk given at the March 29, 2014, “Hard Times are Fighting Times” conference in Durham, N.C.Just as Vladimir Lenin did in October of 1917, it is time that freedom fighters once again revisit the importance of the National Question. As thinkers and revolutionaries today, it is time that we face the reality of our constantly changing conditions. It is time we re-evaluate the ways in which imperialism and capitalist rule continue to tweak the oppression of various groups, global regions and nationalities.I just so happen to belong to a very special but highly oppressed nation right here in the U.S. — the African American. My ancestors were forcibly brought to North, South and Central America to work for free. They were brought here in steel chains to toil the soil. They experienced the most brutal and sadistic conditions known to modern times, resulting in social conditions today throughout the Western Hemisphere of extreme institutionalized racism.In the United States, African Americans are still kept as hostages in mass pockets of poverty. Our families and communities are being dismantled by the Prison-Industrial Complex. Our children are being stolen every day by the School-to-Prison Pipeline. Valuable members of our community are being murdered by local police departments and vigilantes with impunity. Regarding our right to work, African Americans are the last ones hired and first ones fired while Black workers are still primary subjects of racial discrimination in the workplace. In reference to the National Question and Black Liberation, African Americans are still frustrated, angry and deservedly so. As revolutionaries, we have to be honest with these conditions. We must learn about them as much as we can.Re-examining the old and newWhat the National Question forces us to do as revolutionaries is continue to seek best practices and solutions to not only workers’ rights and the exploitation of labor, but solutions to distinct groups who are oppressed in varying ways by white supremacy and to nationalities who are often forgotten or ignored by white chauvinism.As one of the greatest catalysts of revolutionary thought, Vladimir Lenin was very aware of this particular oppression. In a 1917 pamphlet entitled “Statistics and Sociology,” Lenin writes: “In the United States, the Negroes should be classed as an oppressed nation, for the equality won in the Civil War of 1861-1865 and guaranteed by the Constitution of the Republic … in the chief Negro areas (The South).”This was in 1917. The Southern Black Belt was where most of the African-American population resided before two waves of mass migration to the urban North. Even then, Vladimir Lenin called it right. His insight in the early 20th century was quick to recognize that capitalism, imperialism and colonialism had affected African descendants in a very unique way, especially in the U.S. Southern Black Belt. Lenin referred to the U.S. South as “the most stagnant area where the masses are subjected to greatest degradation and oppression … a kind of prison where these emancipated Negroes are hemmed in, isolated and deprived of fresh air.”Lenin’s forethought on the National Question, and more specifically the Black Question, was light years ahead of his revolutionary contemporaries, which is exactly why current freedom fighters must once again reassess this critical question. While those of African descent continue to be lynched by the Michael Dunns and George Zimmermans, as countries like Venezuela, Haiti and Cuba continue to be assaulted by the vicious tentacles of neocolonialism and racial prejudice, revolutionaries must once again toe a tight line on this question. As Lenin so articulately noted in his 1920 “Draft Theses on National and Colonial Questions”: “The communist parties must consistently expose that constant violation of the equality of nations and of the guaranteed rights of national minorities, which is to be seen in all capitalist countries, despite their democratic constitutions … by uniting first the proletarians and then the whole mass of the working population in the struggle against the bourgeoisie, and second that all communist parties should render direct aid among the dependent and underprivileged nations.”This was a personal reminder to all revolutionaries to actively build and connect our struggles. As revolutionaries today, we don’t have a choice but to be staunch defenders against Stop-and-Frisk. We have no choice but to be staunch defenders against the School-to-Prison Pipeline and the Prison-Industrial Complex. These are distinct policies and institutionalized practices that disproportionately seek to oppress African Americans. Driving While Black and racial profiling are parts of the fabric of imperialism. As revolutionaries guided by the principles of Vladimir Lenin, we cannot throw a blanket over such reality and simply hope for the best. As revolutionary socialists, we have to recognize the potential here. We have to embrace the possibility of building a stronger movement through supporting the National Question, regardless of what form it takes.Through the eyes of capitalism, the African-American worker has suffered greatly. As the last ones hired and first ones fired, Black workers have been held at bay with the least pay; whether urban North or rural South, Black workers are still exploited to the highest degree. The labor movement must not only see this; it must speak power to such racist policies and continuously support resistance.These are the same tactics the ruling class employs to intentionally prey on the poor and the proletariat, to conquer and divide our mass movement. It was Vladimir Lenin, however, who instructed revolutionary Marxists to be critical in our analysis of structural and institutionalized racism — of the subtlety of white privilege and how it affects the working class, worldwide. As revolutionaries, we have a duty to support the Black Question, to support the complete liberation of the oppressed and to seek their allegiance.Just as Lenin possessed forethought in arming the revolution before his death 90 years ago, let us today, continue the work of building a unified front. The Black Question is not only a matter of understanding the nationalism of the oppressed, no matter the form. It is instead, a charge toward political and economic equality, toward social justice and cultural autonomy, toward the right to determine our own destiny. The struggle for liberation and self-determination is not only a political cause, but a moral charge. This is the blueprint that Lenin left to revolutionary socialism. Freedom for all is far from complete, comrades. The National Question must still be answered. Let’s go to work!Lamont Lilly is a member and organizer of the Durham branch of Workers World Party. He can be reached via email at [email protected]re thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more


Financial Knowledge Key to Success for Beginning Farmers


first_img By Gary Truitt – Feb 7, 2017 Home Indiana Agriculture News Financial Knowledge Key to Success for Beginning Farmers Facebook Twitter Facebook Twitter Financial Knowledge Key to Success for Beginning FarmersFor the past 2 days, a group of beginning farmers has been learning the basics of farm financial management. The Know to Grow conference is designed to help these new producers get their operations set up and running on a sound, business platform.  Created by Farm Credit Mid-America, the annual conference brought together 80 operators this week. Those in the group represented a diverse set of producers, but all were in the early or beginning stages of farming.Jake Bohlander, of Montgomery County, is no stranger to growing corn, having run his own Pioneer seed dealership and crop consulting service. In 2016, he purchased his first farm, but realized he needed help with financial management, “I am here to hone in on the financial side of my business.” He told HAT that mastering the financial side of the business is one of the biggest challenges beginning producers face, “Most of us who grew up on farms really enjoy driving the tractors and not so much looking at balance sheets.” He added that learning these skills early in their career will make these producers better businessmen down the road.Bohlander sees the next years as challenging, but remains optimistic, “Looking forward, I still think there is an opportunity, if you are a good manager, for success.”  That is what FCMA officials are hoping. They started these conferences 4 years ago on the recommendation of their young farmer advisory committee.  They are hoping these beginning farmers will not only become customers of FCMA, but also have successful and profitable farming operations. Previous articleNCBA, NPPC Urge Trump to Begin Trade Talks with JapanNext articleMorning Outlook Gary Truitt SHARE SHARE Financial Knowledge Key to Success for Beginning Farmerslast_img read more


Officials bring libel actions against print media in run-up to parliamentary elections


first_img November 6, 2020 Find out more February 1, 2010 – Updated on January 20, 2016 Officials bring libel actions against print media in run-up to parliamentary elections to go further Related documents CP_Tadjikistan_29-01-10_RU-2.pdfPDF – 238.48 KB Follow the news on Tajikistan Receive email alerts Help by sharing this information Journalist loses accreditation over report about Tajikistan’s president Organisation Tajikistan imposes total control over independent broadcast media TajikistanEurope – Central Asia August 25, 2020 Find out morecenter_img May 14, 2021 Find out more TajikistanEurope – Central Asia RSF_en News (Photo : Paykon) #CollateralFreedom: RSF unblocks eight sites censored during pandemic News News News “The Tajik authorities must stop using the judicial system to harass independent news media”, Reporters Without Borders said today in reaction to an appeal court’s decision to uphold an astronomical damages award against a news weekly and the announcement of new lawsuits against a total of four leading newspapers.The damages award of 300,000 somoni (49,000 euros) against the weekly Paykon (“Arrowhead”) was confirmed on 26 January by a Dushanbe court. The newspaper had been ordered to pay this amount on 26 October in a libel suit by Tajikstandart, a government agency that monitors the quality of imported goods.Last summer, the newspaper published an open letter to President Emomali Rakhmon from a number of businessmen accusing Tajikstandart of corruption and incompetency. Although the agency was accorded the right of reply, it nonetheless brought the legal action claiming that the letter’s authors had used false names. “Tajikistan’s defamation law should be amended to ensure that damages awards are proportional to the resources of the media concerned,” Reporters Without Borders said. “Such high awards threaten the publication’s survival and therefore the diversity of the country’s news media, which is already very limited.”The press freedom organisation added: “Aside from the flawed legislation, a new tendency is emerging in the lawsuits that have been brought against the country’s leading independent newspapers in the past few days. With just weeks to go to parliamentary elections on 28 February, there is clearly an all-out drive to intimidate news media and get them to censor their coverage of state authorities.”The official newspaper Khovar reported on 28 January that the agriculture ministry has brought a libel suit against the leading newspaper Millat (“Nation”) in which it is demanding 1 million somoni (165,000 euros) in damages. When contacted by Reporters Without Borders, editor Zohir Davlat refused to comment until he received formal notification of the suit.But he said he was surprised because the offending report, published last December, was “short and purely factual, referring to investigations into corruption within the agriculture ministry that were carried out and published by parliament.” The ministry was accorded the right of reply in this case as well.Libel actions were brought the next day against three other leading newspapers – Asia-Plus, Ozodagon (“The Independent”) and Faraj – by three supreme court judges and a judge based in the Dushanbe district of Sino over their coverage of a conference about corruption and bias within the Tajik judicial system. The suits demand a total of 5.5 million somoni (900,000 euros) in damages.One of the plaintiffs, supreme court judge Nur Nurov, has even requested that the newspapers be closed pending the outcome of the case. It is ironic that President Rakhmon himself lambasted the work of the supreme court and prosecutor-general’s office in a recent cabinet meeting.A Tajik journalist based in Europe told Reporters Without Borders that the lawsuits could be the result of contradictory signals from the government in recent months. The press was emboldened by a meeting between the president and media representatives last autumn and had started publishing more critical articles.Serving as a reminder that it is dangerous to criticise the authorities, the current lawsuits appear to signal the end of the détente. The journalist also pointed out that, in a February 2009 decree, President Rakhmon had explicitly encouraged government officials to bring actions against news media that criticised them. Paykon has not been particularly critical of the government since its launch last March although its editor, Jumaboy Tolibov, used to upset the authorities with his investigative reporting and was beaten and given a two-year jail sentence in 2005. Tajikistan’s last parliamentary elections led to a crackdown on the media and it seems that history could be in the process of repeating itself.Read in Russian/ Читать на русском :last_img read more


More arrests and closures after release of five journalists


first_img Iran: Press freedom violations recounted in real time January 2020 June 9, 2021 Find out more After Hengameh Shahidi’s pardon, RSF asks Supreme Leader to free all imprisoned journalists March 18, 2021 Find out more RSF_en News IranMiddle East – North Africa Organisation Help by sharing this information March 6, 2013 – Updated on January 20, 2016 More arrests and closures after release of five journalists Newscenter_img February 25, 2021 Find out more Call for Iranian New Year pardons for Iran’s 21 imprisoned journalists to go further Follow the news on Iran News Reporters Without Borders firmly condemns today’s decision by the Tehran state prosecutor to arrest Mohammad Mehdi Emami Naseri, the managing editor of the daily Maghreb, and Alireza Aghairad, its political editor, and to suspend the monthlies Tajrobeh and Mehrnameh and the weekly Aseman.The crackdown on freedom of information is clearly continuing, although five of the journalists arrested on 27 January, “Black Sunday,” were released in the past few days on bail of 100 million toman (150,000 euros). They are Pejman Mousavi and Soliman Mohammadi, released on 2 March, and Sasan Aghai, Nasrin Takhayori and Saba Azarpik, released yesterday.Officials from the Tehran prosecutor’s office arrested Naseri and Aghairad at the Maghreb’s headquarters. Published since September 2012, the newspaper has been carrying articles defending Iran’s reformists. Its surprisingly outspoken tone must have been irritating the regime.Naseri was previously detained from the start of October until late January, a total of 119 days. At a news conference on the day of his previous arrest, 1 October, prosecutor-general Gholam Hossein Ejehi claimed that his detention was not linked to his work as a journalist.The suspensions of Tajrobeh, Mehrnameh and Aseman were carried out by Intelligence officials, who contacted staff today and advised them to suspend publication themselves. All three are prestigious newspapers that supported the reformists.Ali Motahari, a parliamentary representative for Tehran and member of the Commission for Press Authorisation and Surveillance (the censorship arm of the Ministry of Culture and Islamic Guidance), said today that “these suspensions were ordered by the Tehran prosecutor (…) the commission knows nothing.”Today’s events come two days after intelligence minister Heydar Moslehi announced an “offensive” by his ministry against “a network of 600 journalists, 150 inside the country and the rest based abroad, who are organizing their [anti-government] activities; some of them work with counter-revolutionary media.”Mohammad Javad Roh, a Mehrnameh journalist who also works for several reformist newspapers, was arrested at his Tehran home on 2 March and was taken to Evin prison. His family still does not know the reason for his arrest. Reporters Without Borders calls for the immediate and unconditional release of all the journalists and netizens currently detained in Iran. Receive email alerts IranMiddle East – North Africa Newslast_img read more


The Risks and Rewards of ARMs


first_imgHome / Daily Dose / The Risks and Rewards of ARMs  Print This Post Adjustable-Rate Mortgage ARM Borrowers default 2019-05-02 Seth Welborn About Author: Seth Welborn Sign up for DS News Daily May 2, 2019 2,624 Views Previous: Re-Evaluating the Traditional Appraisal Next: The Industry Pulse: Updates on the FHFA, Freedom Mortgage Corporation, and More Adjustable-rate mortgages (ARM) are making a resurgence, despite lingering negative associations some borrowers may have for the product post-crisis. A new Washington Post story explores the renewed popularity of ARMS, and how the modern versions differ from their predecessors.Ann Thompson, a Retail Sales Executive for Bank of America in San Francisco, told the Post, “ARMs became a four-letter word after the housing crisis. They got a bad rap and were lumped in with ‘pick-a-payment’ loans, which allowed people to pay as little or as much as they wanted on their mortgage.”According to Ellie Mae data, ARMs made up 8.6% of new loans originated in January 2019, compared to only 5.5% in January 2018. That percentage decreased to 7.6% in February 2019. Many modern ARMs fall under the “hybrid” umbrella, featuring “a fixed period followed by annual adjustments in the rate,” the Post explains. The Post also spotlights how modern ARMs factor in borrowers’ ability to make payments after future rate adjustments—a critical consideration when managing risk.“Typically, lenders want at least a 10% down payment and they want a FICO score of 700 or above,” said Shawn Sidhu, a mortgage consultant for C2 Financial. “These loans really favor borrowers with an excellent credit profile.”As reported by the Post, borrowers leading up to the crisis were often “approved for ARMs without a down payment and with little documentation of their income and assets, which meant they lacked the equity to refinance and faced unsustainable payments when their rates increased.”To help avoid default, Claudia Mobilia, SVP of Operations for Embrace Home Loans notes that borrowers should obtain a disclosure form that shows them what their maximum payments could be.“They need to talk to a lender to make sure they know how long the rate is fixed in the beginning, what their payment could be at the first adjustment and how high the payment can go,” Mobilia said. “I don’t recommend ARMs for first-time buyers because they may not understand the risks.” Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 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 Tagged with: Adjustable-Rate Mortgage ARM Borrowers default The Best Markets For Residential Property Investors 2 days agocenter_img Subscribe Governmental Measures Target Expanded Access to Affordable Housing 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, Investment, News Demand Propels Home Prices Upward 2 days ago The Risks and Rewards of ARMs Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more