Southern Gaming Summit joins forces with ICE North America

first_img Clarion Gaming has teamed up with the Mississippi Gaming and Hospitality Association (MGHA) to merge its Southern Gaming Summit (SGS) with May’s ICE North America event. Clarion Gaming has teamed up with the Mississippi Gaming and Hospitality Association (MGHA) to merge its Southern Gaming Summit (SGS) with May’s ICE North America event.This will see the SGS relocate to New Orleans, where ICE North America will run from May 13-14, combing its land-based gaming and hospitality sectors with the ICE brand’s sports betting and igaming pedigree.Speakers from the MGHA will join the event’s content stream, which will available free-to-attend for exhibitors at the Ernest N. Morial Convention Center.SGS brings with it a host of popular networking events including its annual golf tournament, Global Gaming Women’s Luncheon and the Hall of Fame, which celebrates the careers of long-term industry leaders.“ICE North America is one of the biggest events in the betting and gaming industry calendar attracting high-caliber delegates from all over the world,” MGHA executive director Larry Gregory said. “Combining the exhibition with SGS is the perfect marriage of land-based and online sectors.“Our partnership with Clarion provides a hotbed of opportunity to share insights and expertise across all pillars of the gaming industry, and we look forward to learning from the wide spectrum of stakeholders already in line to attend.”ICE North America event director Rory Credland said that the partnership reflected the evolution of the gaming industry, in which the casino floor is just one element of the wider bricks and mortar experience.“Developing an event that allows delegates to seek answers and ideas on how to develop this, and to look at technology and attractions that add to this offering, is a vital part of what will be available to the attendees at ICE North America,” he explained.“The fact that the MGHA has recognised this and joined forces with us to co-locate SGS is great for the industry, as now gambling executives from across the USA can come to ICE North America and see and learn about what it takes to develop their property today and into the future.”“The SGS’s networking events are valued greatly by the Gulf Coast gaming community and will make a fantastic addition to the attention-grabbing line-up at ICE North America this year, which is shaping up to be a must attend event,” Credland added. Subscribe to the iGaming newsletter 30th January 2020 | By contenteditor Regions: US Louisiana Southern Gaming Summit joins forces with ICE North Americacenter_img Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games People Strategy Email Addresslast_img read more

Hwange Colliery Company Limited ( 2016 Abridged Report

first_imgHwange Colliery Company Limited ( listed on the Zimbabwe Stock Exchange under the Mining sector has released it’s 2016 abridged results.For more information about Hwange Colliery Company Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Hwange Colliery Company Limited ( company page on AfricanFinancials.Document: Hwange Colliery Company Limited (  2016 abridged results.Company ProfileHwange Colliery Company Limited extracts, processes and distributes raw coal and coal products in Zimbabwe and sub-Saharan Africa. The Hwange Coalfield and Chaba Mine are located in the north-western region of Zimbabwe; its head office is in the capital city, Harare. Hwange Colliery operates in three segments; mining, medical services and estate management. The Mining division operates in categories that include thermal coal, industrial coal and coking coal. The coke categories include foundry coke, metallurgical coke, coke peas and coke breeze. The by-products include benzole, tar naphthalene and coke oven gas. The Medical Services division manages a healthcare service for its employees and local communities in the mining areas. The estate management division provides and manages properties for rental and sells retail goods and services. Hwange Colliery Company Limited is listed on the Zimbabwe Stock Exchangelast_img read more

B.O.C. Gases Plc ( Q32019 Interim Report

first_imgB.O.C. Gases Plc ( listed on the Nigerian Stock Exchange under the Energy sector has released it’s 2019 interim results for the third quarter.For more information about B.O.C. Gases Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the B.O.C. Gases Plc ( company page on AfricanFinancials.Document: B.O.C. Gases Plc (  2019 interim results for the third quarter.Company ProfileBOC Gases Nigeria Plc manufactures and distributes gases for the industrial and medical sectors in Nigeria including argon, nitrogen carbon dioxide and oxygen. The company also manufactures and distributes welding products and sells a range of medical equipment. Established in 1959 and formerly known as Industrial Gases Plc, the company changed its name to BOC Gases Nigeria Plc in 1997. In 2006, The Linde Group AG acquired a 60% stake in the business with the balance held by Nigerian shareholders. As part of The Linde Group, BOC Gases Nigeria has access to the largest industrial gases and welding products enterprise in Africa namely African Oxygen Plc (Afrox). The company’s head office is in Lagos, Nigeria. BOC Gases Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

AstraZeneca shares: is the company a bargain after the vaccine candidate news?

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. “This Stock Could Be Like Buying Amazon in 1997” 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. One of the most anticipated events in the history of AstraZeneca (LSE:AZN) occurred this week. The company, in conjunction with Oxford University, released an interim analysis of their Covid-19 vaccine candidate, AZD1222.AZN’s vaccine candidate showed an average 70% efficacy and there were no safety concerns. Excitingly, one of the company’s dosing regimens could be up to 90% effective.  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…Although the vaccine candidate showed a lot of potential, AstraZeneca shares nevertheless fell slightly given that both Pfizer and Moderna’s vaccine candidates had around 95% efficacy. Given the decline in shares, is the stock a bargain?Long-term potential of AstraZeneca shares With a forward P/E ratio of around 21, AstraZeneca shares aren’t exactly cheap.Given technology advancements, however, I think the company is a bargain at current prices for the long term. Technology has the potential to affect pharmaceutical companies substantially. With the continual development of quantum computing and AI, there could be huge breakthroughs in pharma and biotech in the coming decades. As one of the leaders in the sector, AZN is in a great position to benefit, in my view. With its R&D prowess and resources, I think it could be one of the key companies that develops blockbuster drugs in the future. If AZN develops worthy solutions to address big global problems, I feel the company’s profits could grow substantially. Emerging and developing marketsAs for AZD1222, AZN’s vaccine could help its future profit growth in one its target sectors, emerging and developing markets. As I have written before, AZN has an extensive operation in the emerging and developing world. The company is also committed to growing its operations in those regions.In terms of growing business in emerging and developing markets, I think AZN’s vaccine could be a great door-opener, if approved. Although they might be more efficacious on the surface, Pfizer and Moderna’s vaccines require substantially cooler temperatures than AZN’s and are more expensive. That’s a big plus for AstraZeneca. AstraZeneca isn’t trying to make money from the vaccine in low-to-middle-income countries while the pandemic still rages, and I feel this could also help its appeal in emerging markets.Once emerging and developing nations become richer, I see the pharmaceuticals giant as potentially profiting from having established a strong base already. With possibly less need for heavy marketing spend, it could mean higher future margins and higher profits in the long run if things go AZN’s way. Is AstraZeneca a bargain?Although AZN’s stock price has decreased since the company released its interim analysis of AZD1222, I think the decline is an opportunity for long-term investors. AZN has many competitive strengths given its scale, financial resources, and R&D capabilities. I like the company’s pipeline and I think it could grow its earnings faster if emerging and developing markets grow faster than expected. Looking at the share’s valuation and the fact that I’m bullish on the future of emerging and developing markets, I really do think AstraZeneca is a bargain today.  AstraZeneca shares: is the company a bargain after the vaccine candidate news? Simply click below to discover how you can take advantage of this. Jay Yao 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. Image source: Getty Images center_img Jay Yao | Friday, 27th November, 2020 | More on: AZN Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares See all posts by Jay Yaolast_img read more

Kuciak murder charge hailed as “step towards ending impunity” in Slovakia

first_img RSF and 60 other organisations call for an EU anti-SLAPP directive February 4, 2021 Find out more News Follow the news on Slovakia News News June 2, 2021 Find out more Organisation Slovakia is ranked 27th out of 180 countries in RSF’s 2018 World Press Freedom Index after falling ten places as a result of Kuciak’s murder. Reporters Without Borders (RSF) hails the announcement that a controversial Slovak businessman has been charged with ordering the February 2018 murder of journalist Ján Kuciak and his partner Martina Kušnírová, but urges the Slovak authorities to pursue the investigation and not rule the possibility that other people were also behind this double murder. Just over a year after the reporter and his partner were shot dead in their home, the prosecutor’s office announced at a press conference yesterdayin Bratislava that businessman Marian Kočner has been charged with “having ordered the murder of investigative journalist Ján Kuciak” and that the Kuciak’s journalism was the motive. The charge was based on “objective evidence” that could not be revealed for the time being, a prosecutor said. Receive email alerts RSF_en Help by sharing this information News Kočner has long been suspected of having had a part in Kuciak’s death and has been in preventive detention since last June. A notorious press freedom predator, he threatened Kuciak in connection with articles that the reporter wrote about him. Four other people were charged last year with involvement in carrying out the double murder. SlovakiaEurope – Central Asia Protecting journalists CorruptionImprisonedPredatorsJudicial harassment March 15, 2019 Kuciak murder charge hailed as “step towards ending impunity” in Slovakia Marian Kocner / AFP “This Slovak prosecutor’s office decision is extremely encouraging,” RSF’s European Union desk said. “It is a step towards ending the impunity that journalists’ predators only too often enjoy. We call for the case to move ahead quickly regardless of Marian Kočner’s links with Slovak politicians. It is still essential to pursue the investigation and, in particular, to make sure that Ján Kuciak’s murder didn’t have any co-instigators.” Slovak premier visits RSF, encouraged to turn his country into “press freedom model for Europe” SlovakiaEurope – Central Asia Protecting journalists CorruptionImprisonedPredatorsJudicial harassment to go further Use the Digital Services Act to make democracy prevail over platform interests, RSF tells EU December 2, 2020 Find out morelast_img read more

Why The OSKA Summer Sale Still Makes Sense

first_img More Cool Stuff faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Summer’s coming to a close and OSKA’s giving customers one last chance to grab its Summer 2013 Collection, with savings up to 50%. Everything must go to make room for the Fall 2013 Collection, but just because a new collection is coming out shouldn’t stop you from grabbing what you can from the summer sale.If you feel it doesn’t make sense to buy summer clothes just as summer is ending, here are reasons why with OSKA, it still makes sense.Everyone needs the basics, from trendy dresses, pants, tank tops and colorful blouses, and OSKA’s Summer Sale gives you the opportunity to stock up on the basics at reduced prices. Especially with pants and tank tops, these are clothing items you can use any time of the year. To buy staple clothing wear at a reduced price? Makes sense to me.Which brings us to the next reason, at the OSKA Summer Sale, reduced prices apply to the whole gamut. From dresses, blouses, pants, jackets, scarves, and even belts, all these you can wear any time of the year too. Belts rarely go out of fashion and scarves can be utilitarian neck warmers any time.As for the blouses and dresses, the colors may be bright and sunny and these usually don’t match well with fall, but you know what? These items remain in the fashion forecast for fall.Fall is usually about dark colors, but this season, the forecast reveals pops of color. So the bright colored blouses and scarves you get from the Summer Sale, will transition smoothly to the fall. What you can wear during the summer, would effortlessly move into your fall wardrobe, simply by matching this summer’s color with your classic jackets and other fall clothing items.Oh, and don’t forget the classics.As mentioned, the sale will encompass the whole ensemble, which also includes the classics such as blazers, trousers, skirts, and crisp white shirts. The classics are called as such because these never go out of style and are always worth spending your money on.All women of all shapes and sizes look good in the classics, and the OSKA Summer Sale is as good a place as any this time of year to add to your collection of classic wear.The OSKA Summer Sale is ongoing at the Pasadena branch at 13 Douglas Alley and at the Beverly Hills location at 9693 Wilshire Blvd., Beverly Hills.To find out more and check out what’s in store for you at the sale, visit or to learn more. You can also call the Pasadena store at (626) 432-1729 or the Beverly Hills store at (310) 271-2806. First Heatwave Expected Next Week Make a comment Your email address will not be published. Required fields are marked * Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy center column 3 Why The OSKA Summer Sale Still Makes Sense Summer is about to end, but that doesn’t mean you shouldn’t care about OSKA’s Spring Summer Sale. With OSKA, no matter the season, it still makes sense. By FRANZ A.D. MORALES Published on Friday, August 16, 2013 | 11:46 am 7 recommended0 commentsShareShareTweetSharePin it Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.center_img EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Name (required)  Mail (required) (not be published)  Website  Community News Subscribe Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Business News HerbeautyWhat Is It That Actually Makes French Women So Admirable?HerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeauty9 Hollywood Divas Who Fell In Love With WomenHerbeautyHerbeautyHerbeautyYou Can’t Wear Just Anything If You’re The President’s DaughterHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeauty Top of the News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

City: All Fireworks are Illegal in Pasadena; Violators Face Jail Time

first_imgPublic Safety City: All Fireworks are Illegal in Pasadena; Violators Face Jail Time Published on Tuesday, June 14, 2016 | 12:34 pm Got fireworks in Pasadena? If so, you might find yourself making an appearance in court as all fireworks are illegal to sell, use or possess in Pasadena, City officials say.The City maintains a Zero Tolerance enforcement policy for fireworks and Pasadena’s police and firefighters are teaming up for special enforcement patrols against fireworks.Violators are subject to arrest; having their vehicles impounded; up to one year in jail and fines up to $50,000.City officials urge the public “If You See Something, Say Something!” by calling the Pasadena Police at (626) 744-4241 to report illegal fireworks and other suspicious activities.Residents may also use the City’s smart phone app, available at to report illegal fireworks.If you want fireworks to be part of your Fourth of July Holiday, attend the 90th annual “Americafest,” one of the best family-friendly celebrations and professional fireworks shows in Southern California at the Rose Bowl Stadium. For ticket and event information, go to to the high potential for fire hazards and injuries, Pasadena police and fire personnel will staff checkpoints around the stadium to seize all fireworks. Parking enforcement officers will ensure that vehicles illegally parked in Pasadena’s hillside areas on July 4 are impounded.The Pasadena Fire Department will begin applying Phos-Chek on Thursday, June 30, 2016 to brush areas around the stadium. The main ingredients of this annual, preventative fire retardant are phosphates and fertilizers to help prevent plants from burning and re-vegetate burned wildland areas.Pasadena’s Fire Chief Bertral Washington, Police Chief Phillip Sanchez and Public Health Officer Dr. Ying-Ying Goh urge everyone to make safety their top priority and offer the following reminders:• Celebrate responsibly, always designate a driver.• If outdoors, remember to use sunscreen, wear a brimmed hat and seek shade if needed.• Stay hydrated, drink water or other nutritious fluids before thirsty; limit alcohol & sugary drinks.• Many areas of the City, including outdoors, are “No Smoking” zones. Respect “No Smoking” areas and, if you do smoke, always safely dispose of used cigarettes, cigars or other devices.• Always have someone tending the barbecue and watching the swimming pool when in use.• Call 9-1-1 for all life-threatening emergencies.• Call (626) 744-4241 for all other public safety needs.• When calling for help, speak calmly, give accurate location information and reason for calling.• Visit for emergency preparedness information; and to register your telephones to receive Red Flag Alerts or other emergency notifications.Statistics show fireworks are among the riskiest of all consumer products. Even sparklers, which many people think are safe, are dangerous and can reach 1,200 degrees Fahrenheit; causing serious burns or fires. Nearly 10,000 fireworks-related injuries are treated in U.S. emergency rooms every year and two of five people injured from fireworks are under 15 years old. National Fire Protection Association statistics show more than 90 percent of all fireworks-related injuries are caused by so-called “safe and sane” fireworks which are also illegal in Pasadena.Stay connected to the City of Pasadena by visiting the City of Pasadena online at or call the Citizen Service Center, 8:00 a.m. to 5:00 p.m., Monday through Friday, at (626) 744-7311. Business News Make a comment EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday First Heatwave Expected Next Week Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Name (required)  Mail (required) (not be published)  Website  Your email address will not be published. Required fields are marked * Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.center_img Subscribe Community News Community News More Cool Stuff 2 recommended0 commentsShareShareTweetSharePin it Herbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyRed Meat Is Dangerous And Here Is The ProofHerbeautyHerbeautyHerbeautyUnapologetic Celebs Women AdoreHerbeautyHerbeautyHerbeauty6 Trends To Look Like A Bombshell And 6 To Forget AboutHerbeautyHerbeautyHerbeautyJennifer Lopez And Alex Rodriguez’s Wedding DelayedHerbeautyHerbeauty faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Top of the News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Kushner eyes return to normalcy. Good luck.

first_imgShare via Shortlink Jared Kushner (left); Charles Kushner (right); and Laurent MoraliWhen Kushner Companies paid $1.8 billion for 666 Fifth Avenue, a dated office tower that Brookfield’s Ric Clark once described as a “dinosaur,” it was supposed to cement Jared Kushner’s rise.The Kushner family, much like the Trumps, had been on the periphery of New York’s real estate elite, eclipsed by big names like Stephen Ross and Gary Barnett.The firm that Jared’s father, Charles Kushner, founded in the mid-1980s had stronger ties to New Jersey, where it often pooled money from investors for apartment building acquisitions, before officially moving to New York. And Charles, having been released from federal prison in 2006, hoped the trophy deal would redeem him in the eyes of the real estate world. But during his ascent in New York, and later Washington, D.C., Jared has faced nonstop questions about 666 Fifth Avenue — a fiasco for Kushner from the start — and whether Brookfield Property Partners’ $1.28 billion investment in the tower was part of a quid pro quo for a U.S. foreign policy decision.Ever since Jared was named a senior adviser to his father-in-law, President Donald Trump, political opponents have accused the Kushner family and associates of using the White House to further their business interests.Four years in the Washington spotlight have included numerous inquiries into the firm’s business practices. The latest could be the most significant: a probe launched by congressional Democrats this month to determine whether Brookfield’s bailout of the beleaguered skyscraper in 2018 was linked to the lifting of a Saudi blockade of Qatar.“Regarding 666, the fake narrative about Brookfield’s involvement being influenced by Qatar is too dumb to warrant a response or a comment,” Christopher Smith, Kushner’s general counsel, said in a statement.The conclusion of Jared’s stint as White House senior adviser marks a transition that could mean less scrutiny for his family’s firm. Whether or not Jared returns to his father’s side after Jan. 20, 2021, the company is forging ahead on rental property investments in New York, New Jersey, South Florida, Memphis and smaller markets outside major metropolitan areas. Laurent Morali, who took over from Jared as Kushner Companies’ president in the summer of 2016, told The Real Deal in an interview last month that the time to invest in an asset class is “when no one else wants to touch it” — which is true now of rent-stabilized buildings in New York City.But as Kushner Companies shifts its focus back to buying and building apartments, the turmoil of the past four years may hamper the firm’s bid to refocus on the unglamorous but potentially lucrative world of multifamily investing.“It just depends on how active Jared wants to stay in the political system,” said Marc Tropp, a senior managing director of the brokerage firm Eastern Union Funding. “If he wants to be a player in politics, he’s going to bring more scrutiny on the company.”Bread and butterWhile Kushner Companies has made headlines with 666 Fifth, most of its holdings are low-profile.The company has found the most consistent success in buying older, garden-style apartments and urban rental properties where it can rehab units and raise rents — a tried-and-true real estate strategy.But even that has brought controversy with city and state officials and tenant groups often accusing the company of foul play.Kushner Companies’ multifamily assets are largely outside of the five boroughs with the majority still in New Jersey, though the firm declined to provide details of the full scope of its portfolio.According to its website, the company owns 17,000 apartments in New York, New Jersey, Maryland, Virginia and Tennessee. The Kushner family controls another 2,100 units in the East Village, Greenwich Village, Soho, the West Village, Brooklyn Heights and Williamsburg, as well as Northern Liberties, in Philadelphia.Kushner Companies’ relatively small footprint in the city could change, however. “Right now, it’s a great time to look at entering the New York City market, if you’re not [already] in the market,” Morali said. “I’d love to expand our presence there, no question.”Morali explained that buyers and sellers are still struggling to price rent-stabilized multifamily assets in New York following a rent law overhaul last year. But opportunities might arise to score assets at a significant discount.In the meantime, the firm is also looking to acquire more apartments in suburban areas seeing a pandemic-induced surge of interest from investors and renters.Acquisitions outside of dense urban areas could draw less scrutiny from politicians and tenant watchdog groups. Aaron Carr’s Housing Rights Initiative, for instance, has been investigating Kushner Companies’ activities in New York City for years, producing a string of lawsuits alleging the company has illegally evicted tenants and inflated rents at its buildings.But flying under the radar anywhere figures to be a challenge for Kushner Companies, especially with Jared’s father-in-law plotting to run for president again in 2024 if he cannot overturn the election results.Even outside of New York City — a liberal stronghold where Democrats know certain investigations will appeal to voters — Kushner Companies has drawn scrutiny.In October 2019, Maryland Attorney General Brian Frosh sued Westminster Management, the property management entity owned by Kushner Companies, for “unfair or deceptive” rental practices. (Jared Kushner received $1.65 million in income from Westminster in 2019, White House ethics filings show.)The lawsuit came after a bombshell investigation by ProPublica into conditions at the apartments.In an interview, Frosh told the Baltimore Sun that the landlord was “cheating tenants before, during and after their tenancy” and that there were hundreds of thousands of Consumer Protection Act violations. At the time, Morali called the charges “bogus.”“Regarding the Maryland lawsuit, the case has been tried in court, and the final judgment rendered, which we look forward to, will speak for itself,” Kushner’s general counsel wrote in a statement.In December, Kushner Companies listed 10 multifamily apartments in the Baltimore area for $800 million, a move that Morali said was unrelated to the Maryland charges but rather was prompted by the assets having reached their investment horizon.Political punching bagThree months before his re-election in 2018, New York Gov. Andrew Cuomo launched an investigation of alleged tenant harassment by Kushner Companies at the 338-unit Austin Nichols House in Williamsburg, Brooklyn.That came a day after tenants at the building filed a $10 million lawsuit alleging the company drove rent-stabilized residents out of their homes with construction harassment — a common complaint of rent-stabilized tenants at the time. (Landlords’ incentive to create vacancies has since been significantly reduced by the new rent law.)Announcing the investigation, state officials touted Cuomo’s “zero tolerance” for tenant harassment. At the time, a Kushner Companies spokesperson called the investigation baseless, saying the company was being targeted for political reasons.666 Fifth AvenueAsked this month about the investigation, Jonathan Sterne, a spokesperson for Cuomo, said he had no knowledge of it. He did not respond to subsequent inquiries on its status.Kushner Companies has faced a stream of similar investigations and lawsuits in recent years — and its political opponents haven’t let up since Trump lost to Joe Biden.On Dec. 9, Sen. Ron Wyden of Oregon and Rep. Joaquin Castro launched a probe into the 666 Fifth Avenue transaction, a deal which shocked the real estate world.Kushner Companies purchased the office tower for $1.8 billion — a record high for a single office building in the U.S. — in 2007, taking out debt for all but $50 million. A decade later, the 1950s-era property was 30 percent empty and not producing enough income to cover the debt service.Months before a $1.4 billion debt payment was due, Brookfield saved the Kushners from a financial catastrophe by buying the ground lease for $1.28 billion and prepaying nearly a century in rent.A month before the deal closed, the Trump administration supported lifting diplomatic and economic restrictions on Qatar. The Persian Gulf country’s sovereign wealth fund was the second-largest shareholder in the Brookfield entity that financed the 666 Fifth Avenue deal.“This sequence of events, especially the stunning reversal in U.S. policy towards Qatar, raises serious questions about what role Jared Kushner — and the financial interests of his family — may have played in influencing U.S. foreign policy regarding the blockade,” the lawmakers wrote.Return of the Jared?While Kushner Companies copes with controversies, inquiries and investigations, sources close to the firm expect it to seek a lower profile as it returns to its roots as a multifamily landlord. But the success of that effort will depend on how much political blowback continues to plague Jared.Several industry sources said they expect him to return to a larger role at the firm, from which he never completely divested. Jared and his father enjoy working together and think much alike, according to sources who know them.The company’s reversion to multifamily is well timed. Outside of New York City, the asset class has become increasingly sought after during a turbulent period for its consistency and dependability. Renters, by and large, have continued to pay each month, even if by credit card, or by skimping on other expenses. That’s good news for landlords like Kushner, and investors have taken note.Morali underscored the interest that investors from around the world have in multifamily assets, which many consider to be a port in the storm.“The large global asset allocators that need to deploy money in real estate — they’re looking to deploy it into the safe haven that is multifamily,” he said, adding that low interest rates bolster returns for multifamily, creating a “double-whammy” effect. In the upcoming years, “you’re going to see multifamily keeping its attractiveness compared to the other asset classes,” he predicted.The company has also enjoyed attractive financing from Freddie Mac, the government-sponsored entity that securitizes mortgages, scoring an $800 million loan package with unusually good terms for its Maryland acquisition.Likewise, major banks may not be deterred by Kushner Companies’ controversies. Although lenders are typically averse to reputational risk, some banks will continue to finance acquisitions as long as the deals pencil out. Kushner Companies knows that well, having had success getting loans after its patriarch went to prison.But Trump’s controversial presidency has made the Kushner name a lightning rod and headaches a certainty. Asher Abehsera, who previously partnered with Kushner Companies, has faced community opposition to an investment although Kushner Companies is not involved, Business Insider reported this month. It could be, though, that negative press starts to lose its effect post-Trump and becomes relatively inconsequential for the Kushners and those who do business with them. David Eyzenberg, president of New York City investment bank Eyzenberg and Company, said that any “initial chilling effect” stemming from the investigations will likely ease eventually.One prominent multifamily player was inclined to agree.“Kushner has really laid themselves on the table, for good and for bad,” said the landlord, who spoke on condition of anonymity. “They’ve had so many bad headlines, one more can’t hurt.” TagsCharlie KushnerJared Kushnerkushner companiescenter_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinklast_img read more

Long term movements and activity patterns of an Antarctic marine apex predator: the Leopard Seal

first_imgLeopard seals are an important Antarctic apex predator that can affect marine ecosystems through local predation. Here we report on the successful use of micro geolocation logging sensor tags to track the movements, and activity, of four leopard seals for trips of between 142–446 days including one individual in two separate years. Whilst the sample size is small the results represent an advance in our limited knowledge of leopard seals. We show the longest periods of tracking of leopard seals’ migratory behaviour between the pack ice, close to the Antarctic continent, and the sub-Antarctic island of South Georgia. It appears that these tracked animals migrate in a directed manner towards Bird Island and, during their residency, use this as a central place for foraging trips as well as exploiting the local penguin and seal populations. Movements to the South Orkney Islands were also recorded, similar to those observed in other predators in the region including the krill fishery. Analysis of habitat associations, taking into account location errors, indicated the tracked seals had an affinity for shallow shelf water and regions of sea ice. Wet and dry sensors revealed that seals hauled out for between 22 and 31% of the time with maximum of 74 hours and a median of between 9 and 11 hours. The longest period a seal remained in the water was between 13 and 25 days. Fitting GAMMs showed that haul out rates changed throughout the year with the highest values occurring during the summer which has implications for visual surveys. Peak haul out occurred around midday for the months between October and April but was more evenly spread across the day between May and September. The seals’ movements between, and behaviour within, areas important to breeding populations of birds and other seals, coupled with the dynamics of the region’s fisheries, shows an understanding of leopard seal ecology is vital in the management of the Southern Ocean resources.last_img read more

M&S announces proposed change to UK HQ

first_imgSupermarket giant Marks & Spencer has announced that it will be discussing proposals with its employees to make significant changes to its UK head office structure.The proposals have been developed by M&S following a detailed review of the organisation and an analysis of its processes.The proposals are centred on plans to reshape and redefine the organisation by reducing the number of head office roles by a net reduction of 525 and also cut the number of roles permanently based in central London by 400 across IT and logistics.Steve Rowe, M&S CEO, said: “M&S has to become a simpler and more effective organisation if we are to deliver our plans to recover and grow our business.“It is never easy to propose changes that impact on our people, but I believe that the proposals outlined today are absolutely necessary and will help us build a different type of M&S – one that can take bolder, pacier decisions, be more profitable and ultimately better serve our customers.”Should the proposals go ahead, they would deliver significant cost savings, the company has stated and it will be entering into a collective consultation with its employees imminently.Earlier this month, MPs petitioned Marks & Spencer over the planned changes to pay that could leave thousands of workers worse off.last_img read more