OPAP set to further increase stake in Stoiximan

first_imgFinance Greek gambling operator OPAP Group has agreed to acquire an additional stake in Stoiximan Group’s Greek and Cypriot operations (SMGC), after securing approval to proceed with its initial acquisition of a larger holding in the business. 21st April 2020 | By contenteditor Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter OPAP set to further increase stake in Stoiximan Tags: Online Gambling Subscribe to the iGaming newsletter Topics: Finance Strategy Regions: Europe Southern Europe Cyprus Greece Greek gambling operator OPAP Group has agreed to acquire an additional stake in Stoiximan Group’s Greek and Cypriot operations (SMGC), after securing approval to proceed with its initial acquisition of a larger holding in the business.OPAP in January 2019 struck a deal to purchase a 51% stake in SMGC for a total consideration of €94.9m (£82.9m/$102.8m), with the deal granted approval from the Hellenic Competition Commission in November last year.The Commission for the Protection of Competition of the Republic of Cyprus has now also cleared the deal, allowing OPAP to proceed with the acquisition.In relation to the initial arrangement, OPAP has also agreed to take an additional 15.48% indirect stake in SMGC.OPAP currently owns a 36.75% stake in Stoiximan Group through the brand’s parent company TCB Holdings that was purchased in September 2018. OPAP will retain this stake and continue to provide online betting and other online gaming services outside of Greece and Cyprus – currently in Portugal, Romania and Germany – under the Betano brand.Together with the 51% stake in the Greek and Cypriot business, plus the existing stake in the business, the purchase of the additional 15.48% stake sees it increase its total shareholding in SMGC to 84.49%. However, this remains subject to the requisite regulatory and competition approvals.Should all sections of the acquisition secure approval, including the additional indirect stake, the aggregate net consideration planned to be paid in 2020 would be €163.4m, plus net cash.In addition, subject to performance criteria set for the SMGC, the purchase would be subject to certain earn-out payments, calculated as a multiple of earnings before interest, tax, depreciation and amortisation differential for the years 2020 and 2021.SMGC would continue to operate independently from OPAP’s online business, with the existing SMGC management team continuing to lead SMGC’s day-to-day operations. SMGC would continue to operate under the Stoiximan brand through a separate legal entity.OPAP would also appoint directors to the board of the legal entity operating the SMGC business and, upon implementation of the sole control over SMGC, would assume control of this board.“Building up OPAP’s presence in Online was a key element of our original 2020 Vision and in the last two years we have been steadily implementing our strategy of developing OPAP’s own online business while also taking an investment in the leading Greek online operator, Stoiximan Group,” OPAP chief executive Damian Cope said.“Both have been growing rapidly during this time, albeit from very different bases, and so we are delighted to be announcing today that we are not only now able to conclude our previously announced investment but that we have also reached agreement with Stoiximan to further increase OPAP’s stake in their Greek & Cypriot operations.”Stoiximan chief executive George Daskalakis added:: “Since OPAP’s initial investment 14 months ago, both Stoiximan and Betano have achieved impressive growth. This is the result of a strategic plan executed with consistency and professionalism by a team of more than 700 highly dedicated colleagues, whom I am honoured to lead.“Today, OPAP’s decision to increase its investment in Stoiximan, essentially fuels the prospects of our company in the future, but mainly constitutes a strong vote of confidence in our way of doing business.”Earlier this month OPAP reported a 4.7% year-on-year increase in revenue for 2019, to €1.62bn, though it did not break out online performance in the results. The operator is expecting a significant impact from the novel coronavirus (Covid-19) pandemic, however, which it expects to reduce monthly gross gaming revenue by up to €140m, with earnings expected to fall between €50m and €53m while its effects are felt.last_img read more

Can you get rich quickly?

first_img Image source: Getty Images. Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Can you get rich quickly? “This Stock Could Be Like Buying Amazon in 1997” T Sligo | Wednesday, 12th February, 2020 Our 6 ‘Best Buys Now’ Shares See all posts by T Sligocenter_img 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. There is sometimes a pressing need, or maybe just a desire, to make money quickly. You might need to buy a car or pay for a wedding. You might want to be able to afford a larger house or to go on more luxurious holidays.Whatever the reason, there is no doubt that most of us would want to get rich quick. The idea of making money with very little effort is certainly appealing. But is it possible?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…BubblesEvery once in a while, you hear about something that has got a lot of people wealthy, in a short amount of time.Look at Bitcoin. The cryptocurrency surged in value in 2017. At the time, financial pages of the newspapers were in a spin, as more and more people ploughed money into it. But Bitcoin has been up and down since then and many will have lost money from it.And then look at Fevertree. The stock price rose an incredible 2,000% in almost four years after the company was first listed. But since the high in 2018, the share price has dropped by 60%.I think Fevertree’s fate was in some ways aligned with Bitcoin’s. I believe some people saw the rising share price and jumped on the bandwagon without thinking it through. As explosive growth slowed down, the elevated share price fell.At least Fevertree is a real company making real products that real people buy, leading to real profits. The same cannot be said of Bitcoin.But I am always sceptical of any investment targets that grow so quickly. Often, like Bitcoin, they strike me as a bubble just waiting to pop.I’ve come to recognise that if everyone is talking about something, it’s probably too late for me to jump on board. By then, the price of the asset would have grown, and the early investors will probably be looking to pull out their money.I think there is a better — and more sustainable — way to build wealth.Get rich slowlyWarren Buffett’s advice is to not lose money. When you are investing, it is hard to bounce back from losses.For example, if you have a £1,000 investment that loses 10%, your investment will be £900. It will need to grow by over 11% to get to £1,000. As investors, we need to ensure that compound interest is working for us, and not against us. Over our investing lives, compound interest can make a significant difference to our wealth. How can we ensure we follow Warren Buffett’s advice not to lose money?I think the best way is to think of investing as ‘getting rich slowly’. You don’t need to take excessive risks to get rich. I believe the first aim for investors should be to not lose money.One way to avoid losing money is to step away from get-rich-quick ideas. If the bubble bursts for alternative investment vehicles, or overly touted stocks, you want to ensure your money is nowhere near them. Let it grow nicely in sustainable businesses that you’ve done due diligence on instead.Putting money aside each month into an equity or index fund you have faith in can get you rich, and will mean you’ll probably sleep better at night. T Sligo 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 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. Simply click below to discover how you can take advantage of this. 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

Family fun at Twickenham

first_imgAll in all, it’s a chance to treat your family to a match-day experience with a difference.For more information on this and other hospitality packages available for the QBE Internationals, click here, call 0845 125 4882 or email [email protected] LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS The hospitality package is £499 for two and includes:Category 1 RFU match tickets (one adult and one child)Access to a self-contained, child-friendly facility in Rugby HouseAn official souvenir programme (one per two guests)Experienced, friendly and helpful staff in attendance throughoutA range of soft drinks, beer and wine which can be refilled during the day (pre- and post-match)A two-course buffet offering something for everyone, even the picky eaters!A selection of sweet treats, including popcorn, ice cream and pick ‘n’ mix.Running man: Jonathan Joseph on the attack for England against France in the Six NationsThe match kicks off at 8pm but there’s no need to worry about getting home. Twickenham Station is a short walk from the stadium while a shuttle bus service operates from the stadium to Richmond for 150 minutes after the final whistle or 30 minutes after the bars close (whichever is earlier). Car parking is available on site as an optional extra. Enjoy a match-day experience with a difference at Twickenham for England v France thanks to Keith Prowse ADVERTISING FEATUREKeeping children entertained throughout the summer holidays can be a tricky task, but here’s an idea that would be fun for all the family: a trip to Twickenham to see England face France on Saturday 15 August in the first of their two QBE Internationals.The rivalry between England and France stretches back decades so the match itself is sure to be entertaining – remember the 12-try thriller the two sides produced in the final game of this year’s RBS 6 Nations? It’s also a chance for you to soak up the pre-World Cup atmosphere at Twickenham – and you can do it all in style with a family hospitality package.Keith Prowse have worked in partnership with the RFU for 15 years and have put together an all-inclusive experience for families, be it one adult and one child (16 or under), two adults and two children or six adults and six children!last_img read more

2016-17 Aviva Premiership & Guinness Pro12 captains

first_img Aviva PremiershipBath Rugby – Guy Mercer – It was two pre-season wins from two for Bath, who beat Yorkshire Carnegie 20-14 followed by a 32-17 drubbing of the Scarlets. Impressive performances in the shirt see Guy Mercer take up the captaincy role from Stuart Hooper.Bristol Rugby – Jack Lam – The Samoan flanker will lead Bristol in their return to the Aviva Premiership. The 28-year-old will get his first taste of Premiership action against Harlequins.Exeter Rugby – Jack Yeandle – The homegrown hooker will lead Exeter for the 2016/17 season. Having registered pre-seaon wins over Ulster and the Scarlets, Yeandle, alongside new Chiefs signings Ollie Devoto, Dave Dennis and Greg Holmes start the new season on a high.Wham bam: Jack Lam will captain new boys Bristol Edinburgh Rugby – Stuart McInally and Grant Gilchrist will co-captain Edinburgh for the 2016/17 Pro12 season. Both Scotland internationals, the two 26-year-olds have donned the black & red of Edinburgh a combined 156 times. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS With the commencement of the 2016-17 Aviva Premiership and Guinness Pro12 seasons upon us, we list the protagonists of each team. Here are the captains… Defending champions: John Muldoon is Connacht’s captain for 2016/17  Gloucester Rugby – Greg Laidlaw – The Scottish scrum-half will captain the Cherry and Whites throughout the 2016/17 season, and is aiming for a top four finish.Harlequins – Danny Care – The England No. 9 will lead out Quins in their first game of the season against Bristol, in the London Double header at Twickenham, on 3 September. The absence of Nick Easter will be felt across the Quins squad, and Care could be the man to fill his natural leader role.Leicester Tigers – Tom Youngs – With over 100 appearances for his club, Tom Youngs epitomises the traditional on-field attitude of a Tiger. “I am a Leicester Tiger born and bred, I love the club and everything it stands for. To be captain is a huge honour and I’m very pleased to be given the opportunity.”Careful eye: Danny Care will captain Quins for the 2016/17 seasonNewcastle Falcons – Will Welch – The Falcons’ back-rower will continue to carry out captain’s duties throughout the 2016/17 season. It will mark his fourth season in the role.Northampton Saints – Tom Wood – After recently signing a new contract with the Saints, Tom Wood will remain club captain. The 29-year-old has made 129 appearances for Northampton, and will be hoping to lead them to silverware this season.Sale Sharks – Josh Beaumont – The No 8 has replaced Daniel Braid as captain of Sale, after the Kiwi retired to join the Sharks’ coaching staff. Leadership qualities must run in the family, as the 24-year-old’s father, Bill Beaumont, led England on 21 occasions.Sale away: Josh Beaumont has been given the reigns at the SharksSaracens – Brad Barritt – After helping Sarries achieve Premiership and European Cup glory last year, Barritt has been given the captaincy reigns. He replaces Alistair Hargreaves, who missed the backend of last season through injury.Wasps – Joe Launchbury – Launchbury, now entering his seventh season at Wasps, has been given the role of club captain for the 2016/17 season. He replaces James Haskell – who will miss a large chunk of the season through injury – and Matt Mullan.Worcester Warriors – GJ Van Velze – The 28-year-old South African gets the captaincy nod. It will mark his third season in charge of the Warriors.Not so average Joe: Launchbury takes over from James Haskell as Wasps captain Zebre Rugby – George Biagi – George Biagi will captain Zebre for the 2016/17 Pro12 season. The Scottish-born lock’s side finished four points ahead of their Italian counterparts last season, but have parted with 16 members of last year’s squad. Glasgow Warriors – Jonny Gray & Henry Pyrgos – Jonny Gray will share the Warriors captaincy with Henry Pyrgos this season, after the 22-year-old led Glasgow in the back end of last season – after the departure of Al Kellock.Leinster Rugby – Isa Nacewa – The 34-year-old Fijian will captain the Irish province for the 2016/17 season. Nacewa returned to Leinster last season, and scored nine tries in 23 matches for the men in blue. His vast club experience makes him the perfect man for the job.Leinster legend: Isa Nacewa has been appointed the club’s captainMunster Rugby – Peter O’Mahony – Munster’s new Director of Rugby, Rassie Erasmus, has chosen Peter O’Mahony to continue as club captain for the 2016/17 season. O’Mahony missed last season though a cruciate knee ligament injury, but is set to make a return in September.Newport Gwent Dragons – Lewis Evans – Lewis Evans will take over the Dragon’s captaincy role from T Rhys Thomas for the 2016/17 season. Evans’s loyalty has been rewarded – it’ll be the back rower’s 11th season in a Gwent shirt.Ospreys – Alun-Wyn Jones – After extending his contract with Ospreys, Alun-Wyn Jones will captain the Swansea men for the 2016/17 season, with intentions fixed on improving on last seasons’ 8th position finish in the league.Captain fantastic: Alun Wyn Jones retains the captaincy at the OspreysScarlets – Ken Owens – Owens has been named Scarlets captain for the 2016/17 season. The Carmarthen hooker will want his team to go one better this year, after the Scarlets just missed out on the playoffs last season, finishing 5th.Ulster Rugby – Andrew Trimble & Rob Herring – A shared captaincy for the Ulstermen’s 2016-17 campaign. Trimble is the most capped player in the Ulster squad with 206 appearances, whilst Herring has had experience of leading the side in Rory Best’s absence last season. The duo will hope that the addition of winger Charles Piutau and flanker Marcell Coetzee can bolster their team’s chances of a Pro12 title.  Guinness Pro12Benetton Rugby – Alessandro Zanni – Alessandro Zanni will captain Benton Treviso for the 2016/17 season. His side will benefit greatly from the appointment of Marco Bortolami to the coaching staff.Cardiff Blues – Gethin Jenkins – The talismanic prop will captain Wales’ capital region for the 2016/2017 season. The Blues have played two pre-season fixtures, first losing to their Welsh counterparts Newport Gwent Dragons, before registering a victory over Bristol.Connacht Rugby – John Muldoon – After leading Connacht to their first ever Pro12 championship, John Muldoon returns to serve as his club’s captain, as Pat Lam’s men look to go back-to-back in the league. TAGS: Highlight For the latest Rugby World subscription offers, click here.last_img read more

Iconic cars before they were famous

first_img Please enter your comment! Share on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply The Anatomy of Fear TAGScarmagazine.co.ukCars Previous articleJenkins named to national education boardNext articleApopka Burglary Report and Map Denise Connell RELATED ARTICLESMORE FROM AUTHOR Save my name, email, and website in this browser for the next time I comment. Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 How five of the coolest rides evolved from their plain beginningsfrom carmagazine.co.uk1. McLaren M6 GTThe F1 road car pushed the supercar bar so high it got a nosebleed, but it wasn’t McLaren’s first go at creating the fastest thing on four wheels. Work to turn the mighty M6 Can-Am car into a streetable weapon began in 1970, but only two M6 GTs were built before Bruce McLaren’s fatal crash at Goodwood that year.2. Dacia DusterRenault’s budget-but-brilliant Duster SUV deserves better than to be named after a gravely ropey Romanian off-roader from the 1980s. In the case of the tedious new Skoda Rapid though, we’d rather take the arse-engined original than that load of wheeled wallpaper paste.3. Nissan GT-RCar nuts still talk in hushed tones about the 1989 R32 Nissan GT-R as if it cured cancer in between reeling off 8min laps of the ’Ring. But 20 years earlier, in 1969, the first GT-Rs were a tad less sexy. They were a boxy race-winning saloon and coupe pair, powered by a twin-cam 2.0-litre six.4. Corvette C1The hideously un-American concept of a ’Vette without a V8 seems as likely as the hammer and sickle motif nudging the stars aside on Old Glory, but Chevy’s legendary small block was still on the drawing board when the original ’53 Corvette was introduced to the world. Back then the  sole drivetrain was a slothful straight-six and two-speed automatic combo unworthy of astronautical patronage – but luckily there weren’t that many astronauts kicking around in 1953.5. Peugeot RallyeYou’ve heard of the 106 and 306 Rallyes, right? What about the 205 version? Brits got a 75bhp sham that was nothing but a bone stock car with some snazzy decals, but the proper left-hook-only Continental version featured a screaming 100bhp competition-homologated 1.3, plus GTi seats and arches and gearing shorter than Ronnie Corbett in a pothole.See the complete list here. You have entered an incorrect email address! Please enter your email address here Support conservation and fish with NEW Florida specialty license plate Please enter your name herelast_img read more

CAF renames ethical fund

first_imgCAF renames ethical fund Charities Aid Foundation has changed the name of its two-year-old CAF Ethical Plus Fund to the CAF Socially Responsible Fund, to reflect more closely the scope and focus of its investments.Charities Aid Foundation has changed the name of its two-year-old CAF Ethical Plus Fund to the CAF Socially Responsible Fund, to reflect more closely the scope and focus of its investments. The term ‘ethical’ has been reserved for the avoidance of certain investments, and had different meanings for different people. The new name is designed to reflect the Fund’s objective which is to pursue a positive approach, seeking out investments which are socially responsible but which also offer good financial prospects. The Fund’s investment objective and policy have not changed. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Read Socially responsible fund for charities renamed at Charities Aid Foundation. 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.  16 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 15 January 2002 | Newslast_img read more

Co-op’s dividend card raises funds for local groups

first_imgCo-op’s dividend card raises funds for local groups AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Community fundraising Trading Howard Lake | 17 December 2003 | News Local voluntary groups can raise funds when their members shop at the Co-op.The Co-operative Community Dividend scheme has been set up by the national retailer to help voluntary groups receive donations from Co-op Dividend cardholders’ twice-yearly dividend payment. With over one million cardholders contributing to the scheme, it has already raised nearly £5 million for a wide range of community groups.For example, Caldercruix food co-op in Lanarkshire received a Community Dividend of £1,150 to run fun healthy eating projects. Hampton House in Northampton received a £500 Community Dividend Award to buy additional equipment for its Soundbeam music workshop project. One group in the Colchester and East Essex area received just under £300 accrued by just 13 members of their organisation. Advertisementcenter_img 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.  26 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Organisations may apply for grants of between £100 and £5,000. However, to allow as many groups as possible to benefit, grants of several hundred pounds are more common than maximum awards. Criteria for applying for funds are published on the Co-op’s Web site.You can pick up an application form in-store or download one from the Co-op’s Web site.The Co-op can help community groups in other ways. Local managers have discretion to give products as raffle prizes, although you will need a letter, on headed paper, about your community group explaining what you want the products for. Also nearly every Co-op food store has a customer and community notice board on which you can publicise your group and its events.last_img read more

‘Hero’ Pay Fails Amid Split Council

first_img CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Business News The City Council’s efforts to pass hero pay failed on Monday with a 4-4 vote.The council needed five votes to pass the item which would temporarily raise hourly wages for local grocery store and pharmacy workers.But only Mayor Victor Gordo, Steve Madison, John Kennedy and Jessica Rivas supported the item.“All of the essential workers in the City deserve just compensation and a safe work environment,” said Felicia Williams, who opposed hero pay. “I am very concerned about price increases and potential store closures that could affect people who are struggling. As a City we need to consider everyone and should focus on providing financial support to businesses, renters, and others who need it. Our Health Department can also help vaccinate and enforce health orders to reduce the risk to essential workers.” Long Beach, Pomona, Montebello, Santa Ana, Costa Mesa, and Irvine have passed ordinances that pay these workers an additional $4 an hour.Los Angeles, Santa Monica and West Hollywood offer an additional $5 an hour.Pasadena has 15 grocery stores that are owned by large chains, including three Ralphs supermarkets and two Vons stores. About 50 percent of those stores are unionized.The city spent the last several days attempting to get information from the stores.Smaller supermarkets would not fall under the ordinance. The subject was raised by Councilmember Steve Madison during a recent City Council meeting.“Grocery stores have strived,” said Steve Madison, who introduced the item. “The intent would be to provide a short term mitigation to these workers who had to work in these intense environment during COVID.”City officials could not provide exact pay data for grocery store owners.In the council agenda, staff listed the average pay for grocery workers in California at about $17.50 – $18 per hour,” according to Monday’s agenda. “A $5 increase represents approximately a 28 percent increase.“I’ve witnessed businesses in my districts close, especially smaller businesses that are the heart of our economy, but I think it’s sending the right message,” said John Kennedy. “This is an opportunity for this council to step up.”Vice Mayor Andy Wilson opposed the ordinance pointing out that he supported a minimum wage increase for low wage earners.“I question the selective nature of the legislature,” Wilson said he was concerned about price increases. “I am somebody that can absorb the price increases, but I worry about the unemployed people.”Kroger Inc., which owns Ralphs and Food 4 Less supermarkets, said it will shutter at least five stores in Los Angeles and Long Beach after those cities enacted hazard, or “hero” pay ordinances for grocery store and pharmacy workers.The five stores include three Ralphs stores — one at 9616 W. Pico Blvd. in Los Angeles, another at 3300 W. Slauson Ave., also in Los Angeles, and another at 3380 N. Los Coyotes Diagonal, in Long Beach.“I struggle with it. I think a lot of businesses are struggling right now,” said Gene Masuda. “I’m not sure I am prepared to make an increase for a special group. I’m worried about higher prices for the residents.”Two Food 4 Less stores, one at 5420 W. Sunset Blvd. in Hollywood, and the other at 2185 E. South St., also in Long Beach, are also being targeted for closure.The company, which said the stores were “long-struggling” locations, said they will be closed on May 15.“Regardless of what we do there is going to be an impact and that is going to be how much bread cost, how much milk cost,” said Tyron Hampton.In an email to Pasadena Now on Sunday, John Votava of the Kroger Family of Companies, which includes Ralphs and Food 4 Less, has invested $2.5 billion to both reward associates and implement dozens of safety measures, including $1 billion for better secure pensions.“The company also continues to provide rewards for associates, including recently issuing $50 million in rewards to frontline associates. Since the start of the pandemic, Ralphs, Food 4 Less and all Kroger frontline associates have received seven rewards in the form of one-time cash payments, temporary hourly wage increases and store credits,” Votava said. Name (required)  Mail (required) (not be published)  Website  EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Make a comment STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Subscribe 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. Community News HerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty10 Sweet Things You Should Tell Your Boyfriend ASAPHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeautyHerbeautyBohemian Summer: How To Wear The Boho Trend RightHerbeautyHerbeautycenter_img STAFF REPORT First Heatwave Expected Next Week Community News ‘Hero’ Pay Fails Amid Split Council Ordinance fails due to 4-4 vote BY ANDRÉ COLEMAN, Managing Editor Published on Monday, March 22, 2021 | 6:57 pm Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Your email address will not be published. Required fields are marked * Community News More Cool Stuff Top of the News 15 recommended0 commentsShareShareTweetSharePin it faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimeslast_img read more

Couple forced to flee their home in Derry after racist attack

first_img Facebook Couple forced to flee their home in Derry after racist attack Google+ By News Highland – January 17, 2012 News Calls for maternity restrictions to be lifted at LUH Pinterest Previous articleSF Cllr claims he was verbally attacked at ‘Cant Pay Wont Pay’ meetingNext articleGAA – Jim McGuinness’ Reaction From Sundays Dr.McKenna Cup Defeat News Highland Need for issues with Mica redress scheme to be addressed raised in Seanad also Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published center_img Facebook WhatsApp Police in Derry are treating an attack at a home in the city as a hate crime.Two men broke into a house in the Kilfennan estate just before 6 o clock yesterday evening in what has been described as racist attack.A 35-year-old woman was alone in the house at the time of the attack. She was not injured.The men damaged the front door of the house during the incident.SDLP MLA Mark H Durkan has spoken to the woman and said that she and her husband are too frightened to return to the house………..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/01/markh1pm.mp3[/podcast] Twitter Twitter Pinterest Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApplast_img read more

A Target Beyond Range

first_imgColumnsA Target Beyond Range Manik Sethi, Muskan Gupta & Dr. Komal Sandhu1 May 2020 5:11 AMShare This – xThe COVID-19 pandemic has affected the world with unprecedented consequences. People all around the globe are suffering, and yet at the same time are battling against it with equanimity. All professions are playing a role of a servitor to help the world escape this perilous situation. Lawyers have among all occupations (with the exception of the doctors and the police officers) endeavored…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe COVID-19 pandemic has affected the world with unprecedented consequences. People all around the globe are suffering, and yet at the same time are battling against it with equanimity. All professions are playing a role of a servitor to help the world escape this perilous situation. Lawyers have among all occupations (with the exception of the doctors and the police officers) endeavored to protect and indemnify their clients against the humongous losses suffered by them in this conundrum. To do so, some attorneys decided to “sue China” for the damages even though such an action may provide no meaningful recovery. In the United States, five law suits have been instituted against the People’s Republic of China and the latest been filed by the State of Missouri. The list of the law suits filed are as below: In the District Court of Florida dated 12.03.2020.In the District Court of Texas dated 17.03.2020.In the District Court of Nevada dated 23.02.2020.In the District Court of California dated 26.03.2020.In the District Court of Missouri dated 21.04.2020. Out of these five “class representation” suits, the one filed by the State of Missouri got an extensive admiration from various quarters including the President and the National Security Advisor of the United States. This suit is more well drafted and has the additional grounds for satisfying the maintainability of the suit. Each of the five suits have pleaded the same ground for the maintainability of the suit, but such a same is not maintainable by virtue of the Foreign Sovereign Immunities Act, 1976 (FSIA). The suit filed by the State of Missouri will be taken as the main case because it is more comprehensive in nature and has embodied all the grounds vital in the other four suits. It also specifies some separate grounds to avoid the applicability of FSIA in this particular case. FSIA AND THE ISSUE RELATED TO THE MAINTAINABILITY: This Act provides for an immunity to a foreign state (including its agency and instrumentality) from the jurisdiction of the Courts in the United States. Such an act adopted in the year 1976, forms the `sole basis’ for adjudicating the disputes relating to a foreign state, and provides for `a comprehensive set of legal standards governing the claim of immunity’. Nevertheless, this immunity is not absolute. There are some exceptions to it, and the presumption of immunity to a foreign state can be rebutted if the complainant satisfies the Court that the case attracts any one of such exceptions. In each of these five instituted suits, the court trying it is bound to determine the following two issues before issuing the process:- whether the opposite party comes under the definition of a foreign state? and; (If Yes) Whether any of the exception to the immunity is applicable to the facts of the case? Whether the defendants qualify to the definition `Foreign State’? The 28 U.S Code, Chapter 97 deals with “Jurisdictional Immunities of Foreign State”. Section (“§”) 1603 defines the term ‘foreign state’ and it includes the political subdivision, the agency and the instrumentality of the foreign state. The defendant(s) is almost the same in all the five suits instituted, and in each of these suits the plaintiffs are solely relying on the grounds of “exceptions”, indicating that the defendant(s) qualify the statutory definition of a `foreign state’. However, the State of Missouri (among other common defendants) have impleaded the ‘Communist Party of China (CPC)’ as a defendant, and it attempts to escape the liability of FSIA. It states that CCP has a prominent status in China and that it “exercised direction and control” over all the other defendants mentioned in the complaints. To substantiate their argument, they have relied on an unreported Michigan Federal District Court`s opinion that the CCP is not entitled to immunity under the FSIA. This opinion also hosts different views of the Court, which states the complete opposite. The opinion of a US Court of Appeals, Second Circuit in China Central Televisions (CCT)[viii] case upheld on appeal that CCT is an instrumentality of China as it is the `mouthpiece of the Chinese Communist Party’. Even the Federal District Court in Florida in Saludes[x] case held that the communist party of Cuba comes under FSIA, as the same is an instrumentality of Cuba. Further, to deal with the confusions related to the “agency or instrumentality”, the United States Supreme Court stated that FSIA will be applicable and the immunity shall be given in cases where the foreign state is “real party in interest” or is “an indispensable party”. In view of the above statutory law and the observations of different courts including the Supreme Court- it can be concluded that in all the five cases the People’s Republic of China is the real party in interest and should come under the statutory definition of a `foreign state’, and thereby become immune from the jurisdiction of the Courts, subject to the applicability of the exceptions discussed below. Whether the Plaintiffs satisfies any exceptions to the immunity? In the five suits instituted by different States, they have relied on three exceptions to the immunity namely- the exceptions for commercial activities, the exceptions for territorial torts and the exceptions for JASTA (Justice Against Sponsors of Terrorism Acts). The alleged act from all the five complaint can be summarized by the opening passage in the complaint filed by the state of Missouri, which states as: “During the critical weeks of the initial outbreak, Chinese authorities deceived the public, suppressed crucial information, arrested whistle-blowers, denied human-to-human transmission in the face of mounting evidence, destroyed critical medical research, permitted millions of people to be exposed to the virus, and even hoarded personal protective equipment—thus causing a global pandemic that was unnecessary and preventable.” Exceptions for Commercial Activities: To satisfy an exemption related to commercial activity, either one of the conditions have to be fulfilled: An Act carried in United States, orAn Act performed in United States, or An Act carried somewhere else but has a `direct effect’ in the United States. In the present cases, none of the above conditions are fulfilled. The act is neither carried out in nor performed nor has any `direct effect’ in the United States, as the Supreme Court and the Federal Court while interpreting the term “direct effect” held that it should be `an immediate consequence’ of the defendant`s activity and not an activity which is `too remote and attenuated’. If someone has to be blamed in the USA, it should be its executive branch for their contributory negligence to curb the fatal virus. The government`s negligence and its slow response has directly affected these respective states with unforeseeable crisis. Exceptions for Territorial Torts: All five suits further relied on the exception of territorial torts, to exclude the defendants from the scope of FSIA. This exemption gives the right to the complainant to seek money damages for tortious act or omission from foreign state for personal injury; or (ii)death; or(iii)damage to property; or (iv)loss of property. But it excludes the claim “based upon an exercise of or failure to exercise a discretionary function[xvii],” as well as claims for misrepresentation or deceit[xviii]. In view of the above, though the complaint recites all the statutory provisions relating to the exceptions, it however does not satisfy the requirements of any of them. Exceptions for JASTA: JASTA was enacted shortly after the fifteenth anniversary of the 9/11 attacks[xix] on the United States. It expands the jurisdiction of the U.S Courts over the foreign state in cases where the foreign state`s activity has resulted in any kind of personal injury to any person or property or caused any death in the United States. The activity can either be a result of an act of international terrorism or could be a tortious act of a foreign state. But it excludes the jurisdiction of the U.S Courts in cases where the alleged activity is a result of a `mere negligence’. In the absence of any scientific evidence to prove the “theory of bioweapon” and of any pleading to rebut the exemption of a `mere negligence’, the mere reciting of the statutory provision will not give any remedy to the complainants. CONCLUSION It can be wisely concluded that the filing of such suits in United States on the current global disorder will not provide anything beneficial, except for the media attention. If they are desirous of anything fruitful then they should endeavor to investigate the development of the COVID-19 pandemic and the reasons for its outbreak qua the role of China. If they are successful in gathering the evidences (if any) against the People’s Republic of China then they may seek for greater substantial remedies i.e international remedies, where China is also a party. For example – a representation for `Crime against humanity’ under Article 7 in the International Criminal Court; or a representation under Article 7 to the U.N Office of Disarmament Affairs under the `Convention on the Prohibition of the Development, Production and Stockpiling of Bacteriological (Biological) and Toxin Weapons and on Their Destruction’; or a representation under ‘Protocol for the Prohibition of the Use of Asphyxiating, Poisonous or Other Gases, and of Bacteriological Methods of Warfare’ to the International Committee of Red Cross, Geneva; or a representation under `international liability for injurious consequences arising out of acts not prohibited by international law (prevention of transboundary damage from hazardous activities)’ to the ‘International Law Commission’. Views are personal Only. (Mr. Manik Sethi and Ms. Muskan Gupta is an advocate practicing in Delhi and Dr. Komal Sandhu is an Asst. Professor at School of Law, Ansal University, India). 28 U.S. Code §1604- “Immunity of foreign state from jurisdiction”. See U.S Supreme Court decision in Agrentine Rep. v. Amerada Hess, 488 U.S. 428 (1989). See U.S Supreme Court decision in Verlinden B.V v. Cenral Bank of Nigeria, 461 U.S. 480 (1983). 28 U.S. Code §1605- “General exceptions to the jurisdictional immunity of the foreign state”. 28 U.S. Code §1608- “Service; time to answer; default”. 28 U.S. Code §1603- “Definition”. See Federal District Court of Michigan decision in Yaodi Hu v. Communist Party of China, 2012 WL 7160373. Chen v. China Central Television, No. 07-3882-cv (2d Cir. Apr. 7, 2009) Appeal against the District Court of New York decision in Chen v. China Central Television, 2007 WL 2298360. Saludes v. Republica De Cuba, 577 F. Supp. 2d 1243 (S.D. Fla. 2008). See also Hernandez-Caballero v. United States Attorney General, 250 Fed.Appx. 275, 278. See U.S Supreme Court decision in Samantar v. Yousuf, 560 US 305 (2010) See U.S Supreme Court decision in Republic of Philippines v. Pimentel, 553 US 851 (2008) 28 U.S. Code §1605 (a) (2). 28 U.S. Code §1605 (a) (5). OBB Personenverkehr AG v. Sachs, 136 S. Ct. 390, 396 (2015). Intercontinental Industries Corporation v. Wuhan State hold Industrial Holdings Co. Ltd., 726 Fed (appx.) 619 (Mem.) (9th Circuit, 2018). 28 U.S. Code §1605 (a) (5) (A). 28 U.S. Code §1605 (a) (5) (B). Justice Against Sponsors of Terrorism Acts, Pub. L. 114-222, Sept. 28, 2016, 130 Stat. 854, codified at 28 USC §1605B. 28 U.S. Code §1605(B) (d) Next Storylast_img