Why I’d buy these 3 insolvency firms in May with UK recession coming

first_img Tom Rodgers | Tuesday, 28th April, 2020 | More on: BEG FRP MANO The Bank of England is warning of the worst and sharpest UK recession in centuries. The Covid-19 virus has ground our economy to a halt and brought insolvency to the forefront.One in 10 SMEs have already closed for good, found an April study by the Corporate Finance Network. It says 39% of businesses will not be able to access the cash they need to survive two more weeks of lockdown.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…In the coming UK recession I believe insolvency companies will profit massively.FRP Advisory (LSE:FRP) could hardly have chosen a better time to IPO, at the start of a UK recession. And the market agrees with me. Its shares, starting at 80p on 6 March 2020, are already up 60%.CEO Geoff Rowley said his company’s debut on AIM was “a significant milestone“, as the business seeks to expand its profile and market share. Operating from 19 UK offices, its business is in corporate restructuring, company and personal insolvency, refinancing debt, and advising on pensions.FRP is very new to the market. It was only founded in 2010. It has not yet released financial reports, so we can’t see its profitability or earnings. An investment here would be for the more adventurous among us, betting on the sector profiting in general.The two other publicly listed insolvency companies I’m going to cover make more robust investment cases. They are both highly profitable, for one.Manolete PartnersManolete Partners (LSE:MANO) revealed high pre-tax profits of £5.9m on £13.7m revenues for the year ending 31 March 2019. It is a market leader in its particular field, which I always put significant weight on when I’m looking for strong long-term investments.Manolete doesn’t just fund insolvency litigation. It buys 90% of the cases it deals with from other insolvency companies further down the chain. This allows it to work at lower costs and on much higher margins than other companies in the sector.As such it has a 67% market share, giving it a wide economic moat. This is a favourite metric of Warren Buffett when seeking the best investments.Like the most agile companies working under Covid-19, it has moved to a remote-working model and CEO Steven Cooklin said business had been little impacted by the pandemic.A trading update for the year to 31 March 2020 shows a 131% increase in new cases, with 54% more claims completed.Begbies TraynorBegbies Traynor (LSE:BEG) is one of the best-known insolvency business operating in the UK. I particularly like that the Manchester firm still has its original founder Ric Traynor at the helm. Begbies has built a strong reputation for turning around failing companies. Its most recent results showed £3.5m pre-tax profits on £60m revenues.And its in-house Red Flag Alert report showed record numbers of British companies — some 494,000 — in financial distress even before the coronavirus changed our lives forever.That’s a broad market to approach, and one which could provide significant profits. The firm’s buyouts of profitable rivals has both boosted its balance sheet and given it greater market share, which is good.Pre-Covid, City analysts said Begbies earnings would jump 18% in 2020. With the harshest UK recession in the record books now approaching, I think those those figures could rise significantly.It’s clear to me that these businesses will profit the most from the British economic shutdown and the coming UK recession. 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. Simply click below to discover how you can take advantage of this. 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. 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! Enter Your Email Addresscenter_img Tom Rodgers owns shares in Begbies Traynor. 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. 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. Our 6 ‘Best Buys Now’ Shares Why I’d buy these 3 insolvency firms in May with UK recession coming “This Stock Could Be Like Buying Amazon in 1997” See all posts by Tom Rodgerslast_img read more

Early morning shooting in South Apopka ends in fatality

first_img Florida gas prices jump 12 cents; most expensive since 2014 You have entered an incorrect email address! Please enter your email address here Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom On a street in South Apopka notorious for violence two people were shot, one of them killed, according to the Orange County Sheriff’s Office.Deputies found one person sitting in a car on the 600 block of East 13th Street in South Apopka with multiple gunshot wounds just after 7 a.m.. Orange County deputies also learned a second person had entered a hospital with non-life threatening gunshot injuries. Deputies believe this was not a random act of violence and that the two people shot are connected with the same shooting incident.The incident is under investigation.No more details are known at this time. As information is released, The Apopka Voice will update this story.Anyone with more information about the shooting can call Crimeline at 1-800-423-8477. Please enter your comment! TAGSOrange County Sheriff’s Officesouth apopka Previous articleHanukkah and Christmas Eve coinciding holidays significant for 2016Next articleA Christ-less Christmas? Denise Connell RELATED ARTICLESMORE FROM AUTHOR UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Share on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply Please enter your name here Save my name, email, and website in this browser for the next time I comment.last_img read more

Minamihara 3645 / Yasui Hideo Atelier

first_img Japan Minamihara 3645 / Yasui Hideo Atelier “COPY” Architects: YASUI HIDEO ATELIER Area Area of this architecture project Area:  164 m² Area:  164 m² Year Completion year of this architecture project 2008 Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/352879/minamihara-3645-yasui-hideo-atelier Clipboard Save this picture!Courtesy of Yasui Hideo Atelier+ 20 Share 2008 CopyHouses•Nagano, Japan “COPY” Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/352879/minamihara-3645-yasui-hideo-atelier Clipboard Minamihara 3645 / Yasui Hideo AtelierSave this projectSaveMinamihara 3645 / Yasui Hideo Atelier Year:  Houses Photographs:  Courtesy of Yasui Hideo AtelierSave this picture!Courtesy of Yasui Hideo AtelierRecommended ProductsWoodSculptformTimber Click-on BattensWoodParklex International S.L.Wood cladding – FacadeWoodBruagBalcony BalustradesWoodTechnowoodPergola SystemsIt is a weekend residence in Japan’s leading summer resort.The noise of Tokyo is escaped in this cottage, which is surrounded by the nature of Karuizawa. An open floor plan was chosen so that all the rooms might be united with nature. The functional yard was also attached to each room.Save this picture!Courtesy of Yasui Hideo AtelierMoreover, the view of Mt. Yatsugatake and the nature of Karuizawa was carefully considered, as the unification with nature was paramount.Save this picture!Courtesy of Yasui Hideo AtelierSave this picture!PlanProject gallerySee allShow lessWEISS / MANFREDI to Design Kent State’s New, $40 Million Architecture BuildingArticlesAD Interviews: Chris Wilkinson & Jim Eyre / Wilkinson Eyre ArchitectsInterviews Share CopyAbout this officeYASUI HIDEO ATELIEROfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesNaganoHousesJapanPublished on April 02, 2013Cite: “Minamihara 3645 / Yasui Hideo Atelier” 02 Apr 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogMetal PanelsAurubisCopper Alloy: Nordic RoyalGlassMitrexSolar GreenhouseLouvers / ShuttersTechnowoodSunshade SystemsFiber Cements / CementsRieder GroupFacade Panel – Terrazzo BlackStonesCosentinoSurfaces – Silestone® Basiq SeriesIn architectureSikaBuilding Envelope SystemsWoodLunawoodInterior ThermowoodWindowsswissFineLineSliding Windows – EvenMineral / Organic PaintsKEIMBlack Concrete – Concretal®-BlackSuspension SystemsMetawellAluminum Panels for Ceiling SailsDoorsECLISSESliding Door Opening System – ECLISSE Push&PullStonesMarini MarmiNatural Stone – Nuvolato di GréMore products »Read commentsSave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 Photographs ArchDailylast_img read more

Third of donors giving more during lockdown

first_imgThe most popular way of supporting a charity to raise money is buying an item (40%), while doing individual runs or bike rides rather than large organised runs are also popular with 39% daying they love or like this, as are online pub quizzes (30%) and online fundraisers on behalf of someone that has passed away (26%).Kate Whiffen, Senior Research Manager at Opinium Research commented:“Charities are currently going through some challenging times due to Covid-19. These challenges are likely to remain for some time, as it’s unlikely society will return to full normality anytime soon. Therefore knowing how charities can adapt and move forward in these times is key. We have heard some very positive stories from the public as to what makes them support more now and what would do in the future, but it’s the challenge of communicating and educating the long term impact Covid-19 will have on the charity sector and learning from new initiatives that have been successful that would work in the future.” Advertisement About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Tagged with: COVID-19 Individual giving Research / statistics AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis12 Other findings include:  1,106 total views,  2 views today A third of people who have supported a charity during lockdown have donated more money than usual while 15% are volunteering more of their time, according to a report from Opinium.The report, How do charities adapt to the impact of Covid-19, looks at how consumers are supporting charities at this time, and includes a number of recommendations.Opinium found that UK adults are continuing to support charities at this time, with half (51%) donating in the last month, and one in five (19%) having donated to specific coronavirus emergency appeals.Animals (18%), specific diseases (18%), poverty (16%) local services (16%) and homelessness (14%) now make up the top five causes. Pre-Covid-19, the top five was: specific diseases, animals, children, emergency search, and mental health. Third of donors giving more during lockdown  1,107 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis12 23% of those continuing to support charities are providing one-off or occasional donations (23%) with 10% setting up regular donationsOne in ten (12%) have donated to a fundraiser and 11% have donated goods.A fifth (20%) of those who have supported a charity during lockdown say they have donated more goods than they usually would.12% of those donating more than usual currently say they will donate more money to charity when things start to return to normalityPersonal awareness for personal difficulties and experiences of community has increased during Covid-19 Melanie May | 18 May 2020 | Newslast_img read more

Chile’s people defy cops and army to demand gov’t resign

first_imgOct. 28 — Indigenous Mapuche people, students, workers, retired workers, women, people from all but the most privileged sectors of Chilean society defied the state of emergency and curfew to come out in massive protest Oct. 25, after more than a week of violent confrontations with the authorities.In retreat, the government ended the state of emergency starting Oct. 28, sending Army troops back to their barracks. On the other side, some 100 popular organizations called a general strike (paro nacional) for Oct. 30.Santiago, Chile, Oct. 25.Estimates are that 1 million to 3 million of Chile’s 19 million people filled the main squares of Santiago, the capital, and other cities of the long, narrow South American country on Oct. 25. The demonstrators knew that police and/or military had fired not only tear gas — which was everywhere in Santiago — but live ammunition at the young people demonstrating throughout the week. They knew that hundreds were injured, hundreds of others arrested and some were tortured.They knew that President Sebastián Piñera had called the protesters “bandits” and said that Chile was “at war” with them. They knew Chile’s army officers had been trained in brutality at the U.S. School of the Americas and had set up a military dictatorship in 1973 that lasted for nearly 20 years. If the people came out into the streets, it was with no illusions.And still huge numbers came out, bringing not only a combative spirit — you can see it in the photographs and videos — but also their sense of humor while going into battle, knowing they were “the people united” and they “couldn’t be defeated.” Behind the crisisBefore the crisis blew up, Piñera had boasted of Chile’s stability and prosperity, which obscured rampant inequality and growing poverty. He unleashed the crisis by announcing a 3.75 percent increase in the Santiago subway fares, a tiny amount of 30 Chilean pesos (less than 5 U.S. cents). (tinyurl.com/y5t8ltm3) Young people, many of them high school students, stormed the subways and boarded trains without paying the fare. The government responded with police attacks. To the surprise of the authorities, the students fought back, and when they fought, they got the support of the Chilean working class.Some subway stations were damaged, some buildings and vehicles burned. The president declared a curfew and a state of emergency, and police attacked the youths with water hoses, tear gas and bullets. Piñera and the pro-capitalist media demonized the demonstrators. His Minister of Economy Juan Andrés Fontaine Talavera added insult to theft: “If you wake up earlier,” he told commuters, “you can have the benefit of the lower fare.”The people just grew angrier and sided with the students. After a week of battles, Piñera was forced on Oct. 19 to rescind the fare increase. The Citizen Pulse survey of Activa Research “Crisis in Chile,” carried out Oct. 22-23, revealed the mobilizations have 83 percent popular approval, and 80 percent reject Piñera’s regime. People now chant, “It’s not 30 pesos, but 30 years,” meaning the period since the end of the Augusto Pinochet military dictatorship. Elected governments were then reintroduced, but they maintained free-market, pro-rich economic policies. While the Pentagon helped train Chile’s military officers, free-market guru Milton Friedman at the University of Chicago trained Chile’s economists to privatize everything and impose austerity to make sure Chile paid its debts to the imperialist banks.What’s nextPiñera still commands the Army and the police and can order their use against the masses. According to most reports, there is no single party or organization, or even a coalition, directing the protests, which makes victory difficult. It also makes compromise difficult. The people are demanding that Piñera’s government resign and that the neoliberal inequalities end.Chile’s elite have already shown they will resort to the most vicious repressive measures, when their theft of the workers’ labor and their pillage of the country’s natural resources are threatened.One good sign, still only a small one, is that an ordinary soldier, David Veloso Codocedo, refused orders to go to Santiago to police the Oct. 25 demonstration. It’s a small start, but a start that at least some Chileans are encouraging by defending this soldier at his trial.The size and energy of the demonstrations in Chile, which have reverberated throughout Latin America, have added a political crisis to the capitalist economic crisis that has begun to spread worldwide. This struggle, which is just beginning, is directed at neoliberalism — that is, the most unfettered, pro-rich capitalism. It will inevitably be directed against capitalism itself to resolve the desperate needs of the poorest workers in Chile.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Purdue Looks Forward to Continued OSU Partnership as New Leadership Begins

first_img Facebook Twitter Home Indiana Agriculture News Purdue Looks Forward to Continued OSU Partnership as New Leadership Begins Purdue Looks Forward to Continued OSU Partnership as New Leadership Begins SHARE Previous articleIndiana Winter Wheat in Good ConditionNext articleMorning Outlook Andy Eubank Akridge on KressDr. Cathann Kress is the new dean of the College of Food, Agricultural and Environmental Sciences at Ohio State University. She beings May 1, 2017. One thing she positively plans to continue is OSU’s co-operative working relationship with Purdue.“I know the people at Purdue very well, the Extension Director Jason Henderson, Renee McKee who is with their 4-H program, know them all well and have great respect for their work. And the more collaborations and partnerships we have across the land grant university system and extension I think the greater benefit for the people who live in our state,” Kress said.Dean of the Purdue College of Agriculture Dr. Jay Akridge knows her well via the Association of Public and Land Grant Universities.“She just is wrapping up a term leading the ag deans group for that organization, and she’s an outstanding leader, a well-respected leader and someone we’re really looking forward to working with in her new role at Ohio State,” he said.Throughout the system land grants are striving to make the most of their resources. Akridge told HAT that’s one main reason the Purdue-Ohio State connection is so important.“We all have to think about where we have strengths and where we can partner with our neighboring states, and certainly that’s been the case with Ohio State,” he explained. “We’ve got a great partnership around the Farm Science Review. The Tri State Dairy program is another collaborative activity that we pursue with them and Michigan State. I think the proximity is obviously important. The fact that agriculture has got some similarities in both states, and it’s just been a nice working relationship over time with Bruce McFerrin before Cathann, and Cathann is coming from a terrific land grant. She knows the lay of the land, and I’m very confident that we’ll find some new ways to work together.”He says the relationship between the two universities has evolved over time.“I think for all land grants the days of being everything for everybody, the resources won’t support that anymore and it’s not the best use of public funds.”Kress is preparing to leave her current position as vice president for extension and outreach and director of cooperative extension at Iowa State University. She also served as a senior policy analyst of Military Community and Family Policy at the Department of Defense in Washington, D.C. She was director of youth development at the National 4-H Headquarters, U.S. Department of Agriculture, also in Washington, D.C. and was assistant director, Cornell Cooperative Extension, and state program leader at Cornell University, Ithaca, New York. SHARE By Andy Eubank – Apr 11, 2017 Facebook Twitterlast_img read more

Coronavirus live updates: 2,500 students quarantined at prestigious hospitality school

first_imgnarvikk/iStockBy MORGAN WINSOR, ABC News(NEW YORK) — A pandemic of the novel coronavirus has now killed more than 976,000 people worldwide.Over 31.8 million people across the globe have been diagnosed with COVID-19, the disease caused by the new respiratory virus, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. The criteria for diagnosis — through clinical means or a lab test — has varied from country-to-country. Still, the actual numbers are believed to be much higher due to testing shortages, many unreported cases and suspicions that some national governments are hiding or downplaying the scope of their outbreaks.Since the first cases were detected in China in December, the virus has rapidly spread to every continent except Antarctica.The United States is the worst-affected country, with more than 6.9 million diagnosed cases and at least 201,909 deaths.California has the most cases of any U.S. state, with more than 796,000 people diagnosed, according to Johns Hopkins data. California is followed by Texas and Florida, with over 742,000 cases and over 690,000 cases, respectively.Nearly 170 vaccine candidates for COVID-19 are being tracked by the World Health Organization, at least six of which are in crucial phase three trials.Here’s how the news is developing Thursday. All times Eastern:Sep 24, 10:40 amRussia sees highest daily caseload since JulyRussia confirmed 6,595 new cases of COVID-19 over the last 24 hours, the country’s highest single-day increase since July.An additional 149 coronavirus-related deaths were also recorded in the past day, according to Russia’s coronavirus response headquarters.Meanwhile, Moscow reported more than 1,000 new cases over the last 24 hours for the first time since June. The Russian capital also registered 15 new deaths.Russia’s cumulative total now stands at over 1.12 million confirmed cases — the fourth highest caseload in the world — and nearly 20,000 deaths.Last month, Russia became the first country in the world to officially register a COVID-19 vaccine and declare it ready for use. The Russian government approved the vaccine before completing its final Phase III trial, and no scientific data has been released from the early trials so far.ABC News’ Alina Lobzina contributed to this report.Sep 24, 10:09 am870,000 more Americans filed for 1st-time unemployment last weekAnother 870,000 Americans filed for first-time unemployment benefits last week, the U.S. Department of Labor said Thursday.While the number of people filing for unemployment insurance in the United States has stagnated in recent weeks, the latest figure shows a concerning uptick of 4,000 compared with the previous week’s revised figure. It is also the 27th straight week of historically high weekly jobless claims.Despite the number falling significantly since March, when 6.9 million people applied for unemployment benefits in a single week, the latest figure also shows that workers are continuing to be laid off at an unprecedented rate some six months into the coronavirus pandemic.More than 26 million Americans are still receiving some sort of unemployment insurance benefits as of the week ending Sept. 5, according to the U.S. Department of Labor. For the same period last year, that figure was 1.5 million.ABC News’ Catherine Thorbecke and Zunaira Zaki contributed to this report.Sep 24, 8:17 amSwiss authorities quarantine university’s undergraduate studentsSwiss authorities have ordered a quarantine for the entire undergraduate student population of a prestigious hospitality management school after “significant outbreaks” of COVID-19.Health officials in Switzerland’s Vaud canton, or region, announced Wednesday that all 2,500 undergraduate students at the “Ecole hoteliere de Lausanne” (EHL) must self-quarantine until at least Monday, whether they live on- or off-campus. Those who develop symptoms are advised to get tested for COVID-19, if necessary.“Significant outbreaks of infection have appeared in several levels of training, making it impossible to close more targeted than that of the 2,500 students concerned,” health officials said in a statement, adding that student parties are suspected to “be at the origin of these numerous outbreaks of infection.”Classes will continue online in the meantime.Health officials said the school’s administrators are taking “all the necessary measures” to ensure that learning isn’t disrupted and to reinforce health measures on campus.ABC News has reached out to the school for comment.Since the start of the coronavirus pandemic, Switzerland’s Federal Office of Public Health has reported at least 51,492 confirmed cases of COVID-19, with 4,809 hospitalizations and 1,776 deaths.Sep 24, 6:43 amIsrael moves to tighten restrictions as cases climbIsrael’s government has decided to tighten coronavirus-related restrictions as cases continue to climb, despite a second nationwide lockdown.Prime Minister Benjamin Netanyahu’s cabinet voted early Thursday to close all nonessential businesses, including open-air markets. The cabinet also agreed that prayers and political demonstrations should be limited to open spaces with a cap of 20 people and that participants should not be allowed to travel more than 1 kilometer (0.6 miles) from home to attend either.The new measures are set to go into effect Friday afternoon, as the Jewish state shuts down for the weekly Sabbath ahead of Yom Kippur on Sunday and Monday. The restrictions on demonstrations, however, are subject to approval by Israel’s parliament, the Knesset.Israel has seen one of the world’s highest per capita rates of COVID-19 infections over the past two weeks. The country entered a second lockdown last Friday and it’s slated to last until mid-October.Sep 24, 5:57 am22 US states and territories in upward trajectory of new casesAn internal memo from the Federal Emergency Management Agency obtained by ABC News on Wednesday night shows that 22 U.S. states and territories are in an upward trajectory of COVID-19 infections, while 13 jurisdictions are at a plateau and 21 others are in a downward trend.The number of new cases and the number of new deaths recorded in the United States are both increasing in week-over-week comparisons. There also continues to be a steady rise in the number of hospitals nationwide where more than 80% of beds in intensive care units are filled, according to the memo.In Alabama’s Limestone County, 90% of ICU beds across two hospitals were in use. The Alabama Hospital Association confirmed that a shortage of nurses is a statewide issue in both hospitals and universities due to a lack of faculty, facilities and funds, the memo said.Florida’s Leon County reported a 20% increase in COVID-19 cases among children since Aug. 10, around the start of the new school year, coinciding with a 20% increase in pediatric hospitalizations, according to the memo.Meanwhile, the number of new cases recorded in Kentucky have increased by 21% since Sept. 13. The state’s seven-day fatality rate has doubled since then, from 13.4 to 26.4 per 1 million population. The number of COVID-19 tests being conducted statewide declined by 45.2% during the week ending Sept. 17, compared with the previous week, according to the memo.Michigan’s seven-day case rate increased by 154.4% from Sept. 13 to Sept. 20. The state also reported a 38.1% week-to-week relative increase in COVID-19 testing on Sept. 17. Officials attribute the surge to schools and colleges, with 20-year-olds making up the largest portion of total cases, the memo said.Sep 24, 4:51 amUS records over 1,000 new deathsAn additional 1,098 coronavirus-related fatalities were recorded in the United States on Wednesday, according to a real-time count kept by Johns Hopkins University.Wednesday’s tally of COVID-19 deaths is lower than the country’s record set on April 17, when there were 2,666 new fatalities in a 24-hour reporting period.There were also 36,330 new cases of COVID-19 confirmed across the nation on Sunday, down from a peak of 77,255 new cases reported on July 16.A total of 6,934,205 people in the United States have been diagnosed with COVID-19 since the pandemic began, and at least 201,909 of them have died, according to Johns Hopkins. The cases include people from all 50 U.S. states, Washington, D.C. and other U.S. territories as well as repatriated citizens.By May 20, all U.S. states had begun lifting stay-at-home orders and other restrictions put in place to curb the spread of the novel coronavirus. The day-to-day increase in the country’s cases then hovered around 20,000 for a couple of weeks before shooting back up and crossing 70,000 for the first time in mid-July. The daily tally of new cases has gradually come down since then.An internal memo from the Federal Emergency Management Agency obtained by ABC News on Wednesday night shows that the number of new cases and the number of new deaths recorded in the United States are both increasing in week-over-week comparisons.Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Tax raid on landlords is ‘perverse’ and has FAILED, claims leading economist

first_imgThe government’s attempts to muzzle the buy-to-let market and give first time buyers a chance to get on the property ladder have failed and are ‘perverse’, a leading economist and former member of the Bank of England Monetary Committee has claimed.David Miles, who is a Professor of Financial Economics at Imperial College London, says there are few signs that the Conservative’s tax hikes for landlords since 2015 have had the desired effect.He also says that instead the rental sector faces reduced choice and that “rents are likely to be higher as supply gradually shrinks”.The comments are made in a blog written for the Residential Landlords Association, in which he argues that pushing up rents for tenants through reduced supply is unlikely to help first time buyers.He also argues that there is nothing wrong with people renting later into life than previous generations.“We should want to avoid a situation where people feel pressurised into taking big mortgages relative to their income early in life because the rental option is so poor,” he says.“In a world where house prices might be consistently higher relative to incomes than in the past, we might expect the period in which people are in the rented sector [to be] longer.“And there are good economic reasons for believing that in a country with a rising population and where real incomes tend to increase over time, house prices might well rise at least as fast as incomes. To have then introduced measures that reduce the supply of rented property is perverse.”David Miles landlords Residential Landlord Association RLA September 11, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » Tax raid on landlords is ‘perverse’ and has FAILED, claims leading economist previous nextHousing MarketTax raid on landlords is ‘perverse’ and has FAILED, claims leading economistProfessor David Miles says Stamp Duty increases and mortgage relief reductions have not helped first time buyers get onto the property ladder, as the government hoped.Nigel Lewis11th September 201901,186 Viewslast_img read more

No Exit

first_img4/5 “Hell is other people.” This is something you might have heard before, uttered bitterly by disillusioned adults, or something you might have thought yourself (after being vomited on in an Oxford nightclub, for example). It is also a famous quotation from Sartre’s play Huis Clos, translated into English as No Exit by Oxford students.If you thought being vomited on in an Oxford club was bad, then you will struggle to cope with the human cruelty and vice portrayed in this play. In No Exit, three characters are trapped in a room together, verbally vomiting on each other, creating a hell out of their own humanity. Garcin, Estelle and Inès sit in a room waiting to be tortured, before realizing that they are there to torture each other.This play clearly demonstrates why ‘hell is other people.’ No Exit could easily become an overdone heap of horrible human vice; instead it is made compelling by some excellent acting. At first the audience recognizes caricatures: Inès is emo, with long black hair and dripping sarcasm, Garcin is an arrogant man with a history of adultery, and Estelle is a hysterical society type who clatters around in high heels asking vainly for a mirror. Then the audience learns of the characters’ sins and gains a voyeuristic gratification from watching them manipulate each other. Inès (Joy Tuffield) is sexual and menacing as she taunts Garcin and Estelle; she is brilliant as a deeply disturbed lesbian. Meanwhile Garcin (Zachary Sniderman) oozes masculinity, torn between irritated silence and a desire to manipulate Inès and Estelle. Garcin’s hatred for Inès, but his feelings for Estelle are too ambivalent. Although a powerful character, I could not help but feel that his emotions were often blurred. Estelle (Ellen Buddle), is the sniveling victim of Garcin and Inès’s torment. Her hysteria is overpowering at times and bubbles over into the unbelievable, but her acting is dynamic as she switches from melodramatic to chillingly cruel.Not only does this production accurately portray Sartre’s intentions, it also invites the audience to voyeurism. We watch entranced as the characters destroy each other through a mix of seduction, manipulation and violence. This is no vomit-at-a-nightclub hell; it is a chilling potrayal of humanity at its most horrendous. And it is dangerously enjoyable to watch.last_img read more

Kate Likely to Close Door on Quiet 2015 Hurricane Season

first_imgPredicted track of Tropical Storm Kate as of Monday, Nov. 9.Tropical Storm Kate earned her name on Monday morning with winds of 45 mph as the low-pressure system moved northward near the Bahamas.Forecasters suggest the tropical storm could strengthen over the next day or two with wind speeds reaching 65 mph, but the predicted track takes Kate to the northeast over the open waters of the Atlantic Ocean far from Ocean City.With the National Hurricane Center monitoring no other areas of tropical storm development, it’s likely that Kate will be the final storm of the 2015 hurricane season, which ends Nov. 30.No tropical storm in 2015 came near Ocean City, and the island saw surf only from distant Hurricane Joaquin in early October.Kate is the 11th tropical storm of 2015. There were three hurricanes, two of them “major.” An average year in the Atlantic sees 12 tropical storms, six hurricanes and three major hurricanes.The local forecast calls for strong northeast winds and rain on Tuesday. At least one surf report suggests the surf will reach 5 to 8 feet in less-than-ideal conditions. The ocean water temperature was 58 degrees on Monday.last_img read more