Category: qljljlgbjcad

Lafarge Cement Zimbabwe (LACZ.zw) 2012 Annual Report

first_imgLafarge Cement Zimbabwe (LACZ.zw) listed on the Zimbabwe Stock Exchange under the Building & Associated sector has released it’s 2012 annual report.For more information about Lafarge Cement Zimbabwe (LACZ.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Lafarge Cement Zimbabwe (LACZ.zw) company page on AfricanFinancials.Document: Lafarge Cement Zimbabwe (LACZ.zw)  2012 annual report.Company ProfileLafarge Cement Zimbabwe manufactures and distributes cement and allied products for the building industry. Formerly known as Circle Cement, the company is a subsidiary of the Lafarge Group. The cement product range includes Portland composite cement which is the cement used in beams, foundations and load-bearing structures; Supaset, used by concrete brick makers and homebuilders; Masonry cement, used for general construction work such as screed flooring, brick and mortar and plastering mortar. Lafarge Cement Zimbabwe also sells a range of allied products which include washed sand, 6-mm stones, 20-millitre stones and crusher run. Specialised products include Agricultural lime, Colorbrite and Snolime, pre-sanded Cemwash and Impermo. Lafarge Cement Zimbabwe is listed on the Zimbabwe Stock Exchangelast_img read more


July 12, 2021 0

£5k to invest in the stock market crash? I’d buy cheap FTSE 100 dividend shares in an ISA

first_img£5k to invest in the stock market crash? I’d buy cheap FTSE 100 dividend shares in an ISA Image source: Getty Images. Enter Your Email Address The FTSE 100’s recent market crash means that many dividend stocks currently trade on low valuations. This could mean that they have the capacity to deliver high returns in the long run as the stock market gradually recovers.Furthermore, FTSE 100 dividend stocks could become increasingly attractive to a wide range of investors. Low interest rates could cause other income-producing assets to lack appeal, which may boost the prices of income stocks.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…As such, now could be the right time to buy a selection of dividend stocks in an ISA with £5,000, or any other amount, for the long run.Increasing demandIndividuals seeking to make a passive income from their capital have endured a tough period over the past decade. Low interest rates have meant that the returns on cash, bonds and other mainstream income-producing assets have fallen to levels that are significantly below those on offer from the FTSE 100 in many cases.Looking ahead, interest rates could remain at historic lows for some time. The Bank of England is unlikely to risk hurting a potential economic recovery following coronavirus by raising interest rates. This could mean that it maintains low interest rates over the medium term.Income-seekers who are unable to make a worthwhile passive income from cash and bonds may, therefore, switch their attention to FTSE 100 dividend stocks. Such companies offer greater resilience than smaller businesses due to their size and scale in many cases, and may be viewed as being relatively low risk compared to other listed companies.With yields on offer across the FTSE 100 being relatively high following its recent market crash, the difference in income return between large-cap dividend stocks and other income-producing assets is relatively wide at the present time. This could lead to high demand for large-cap income shares that pushes their prices upwards over the coming years.FTSE 100 recovery potentialAs well as rising demand among investors for their income returns, FTSE 100 dividend stocks may also benefit from improving investor sentiment towards the wider stock market. Although investors are generally uncertain about the future for the economy at the present time, this feeling is likely to give way to optimism about the prospects for the stock market.Investor sentiment has always recovered following stock market downturns. This has enabled the index to deliver new record highs after every one of its previous bear markets. While such an outcome may seem unlikely right now due to the uncertainty facing the UK economy, investors with a long-term time horizon could access the index’s turnaround potential over the coming years.As such, now could be the right time to buy a range of FTSE 100 dividend stocks in an ISA while they offer wide margins of safety. They could offer tax-efficient gains over the coming years, as well as strong income growth. Peter Stephens 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. “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Peter Stephens | Tuesday, 26th May, 2020 | More on: ^FTSE Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. 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. See all posts by Peter Stephenslast_img read more


July 5, 2021 0

How I’d invest £2,000 in UK growth stocks

first_img Grab your free report – while it’s online. Looking for new share ideas?Grab this FREE report now.Inside, you discover one FTSE company with a runaway snowball of profits.From 2015-2019…Revenues increased 38.6%.Its net income went up 19.7 times!Since 2012, revenues from regular users have almost DOUBLEDThe opportunity here really is astounding.In fact, one of its own board members recently snapped up 25,000 shares using their own money… So why sit on the side lines a minute longer?You could have the full details on this company right now. One FTSE “Snowball Stock” With Runaway Revenues Are British growth stocks as exciting as American ones? I don’t know the answer to that. But I do know that there are some very interesting UK growth stocks worth exploring for my portfolio right now.With £2,000 to invest, here are the UK growth stocks I would consider adding to my holdings today. To reduce my risk by diversifying across sectors, I’d put £500 in each.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…Medtech pioneerWith quarterly results due tomorrow, I’ll be keeping a close eye on Renalytix AI.The company has developed an artificial intelligence platform to help perform kidney diagnostics. After opening up a sales channel into the US government, it has recently beefed up its executive team to help boost revenue. I like the growth story here because I think the company has an exciting technology platform. Its product scaleability means profits could be strong once sales hit the right level.Risks include more experienced medical device companies launching their own competitor products, which could limit Renalytix’s revenue potential.UK growth stocks in advertisingAdvertising network WPP is up 60% in the past year. But like-for-like revenue growth in the first quarter was just 6.3%.With former boss Sir Martin Sorrell saying the current advertising market is the strongest since the 1970s, I don’t find that growth story compelling. By contrast, Sir Martin’s digital advertising group S4 Capital recorded like-for-like reported revenue growth of 35% in the first quarter. I’d consider buying it today.This growth stock continues to impress me. S4 recently reiterated that it has a strong chance of hitting its ambitious target of doubling revenue organically over three years. It plans to add more financial firepower to accelerate growth even more by acquisition. Proven leadership, excellent quality work, and a clear digital focus combine to put it among the most attractive UK growth stocks in my view.But as S4’s own rapid growth shows, barriers to entry for digital advertising are quite low. Increased competition is therefore a risk to future profitability.Software specialistSoftware supplier Kainos is also on my list of UK growth stocks to buy now.The company saw revenues increase 31% last year. Pre-tax profit more than doubled. Kainos has an established reputation, long-term contracts, and a customer base that spans both private and public sectors. I think that helps give it a strong foundation for further growth. But it isn’t resting on its laurels, announcing this month that it would increase its Workday service provision by acquiring part of Finnish company Cloudator.Workday is a significant part of Kainos’ operations. The firm is the  largest European Workday specialist. That is a risk in my view, as any future change to the Workday relationship could hurt revenues.Sporting choiceThe Euros are likely to boost customer demand for sports clothes. Even without that, JD Sports has a strong business formula that puts it on my list of UK growth stocks. Growth slowed during the pandemic last year, but over the past five years the company has seen revenues increase by 160%.For a retailer, I think that’s impressive. It reflects JD’s strong understanding of customer needs and well-curated brand collection. I see further growth opportunities ahead – but there is a risk that online giants like Amazon could reduce profit margins in some of JD’s markets. Enter Your Email Address John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. christopherruane owns shares of S4 Capital plc. The Motley Fool UK owns shares of and has recommended Amazon. The Motley Fool UK has recommended Kainos and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon. 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. Christopher Ruane | Monday, 14th June, 2021 center_img Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. How I’d invest £2,000 in UK growth stocks Image source: Getty Images. See all posts by Christopher Ruanelast_img read more


July 5, 2021 0

The Springboks demolish Argentina in Soweto try-fest

first_imgMonday Aug 19, 2013 The Springboks demolish Argentina in Soweto try-fest The Springboks started their Rugby Championship campaign with a nine try demolition of Argentina, winning 73-13 in Soweto. They now look ahead to the rematch, where Argentina will be hoping to bounce back in front of their home crowd in Mendoza. It took a while to get going but after a comfortable 26-6 lead at the break, South Africa hit their straps and powered to an easy win, scoring seven tries in the second half.Flyhalf Morne Steyn scored 28 points and kicked 12 from 13 attempts at goal, while tries were scored by JJ Engelbrecht, Jean De Villiers, Bryan Habana, Fourie Du Preez, Adriaan Strauss, Willem Alberts, Duane Vermeulen and Bismarck Du Plessis.There was also a penalty try and two yellow cards, one for a tip-tackle on Engelbrecht.Captain De Villiers said that there are still elements that need to be worked on, while Argentina’s Felipe Contepomi, who scored a consolation try for his team, said that they will not make excuses.“We are very grateful that we are in this tournament. For us every game is a learning curve. Today is very tough to swallow and I hope we come stronger for next week.“We need to keep growing. We know we are playing against the three best teams in the world. So for us it’s a great, great challenge and I hope that next week we are better than today,” he said.Despite Argentina not having won a match in the tournament in seven attempts, De Villiers says that they will be a different side in front of their fans next weekend.“They’ll be hurting going back home, losing by such a margin. We have to enjoy this win because it doesn’t come around very often. We have to start all over again because the beauty of this game is that seven days can be a very long time.”Fourie Du Preez, who made his return on Saturday, is unavailable for the away legs of the tournament so coach Heyneke Meyer has brought in Piet Van Zyl, while tighthead prop Lourens Adriaanse comes in for Trevor Nyakane, who was dropped for repeated breaches of team protocol.Marcell Coetzee and Jano Vermaak also join the squad, while Chilliboy Ralepelle has been ruled out of the tour after having injured his back in a gym session on Saturday morning.Can Argentina can bounce back from this, or are the Springboks looking too strong at the moment?ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error The Rugby Championship Related Articles 140 WEEKS AGO Sam Cane suffers broken neck in win over… 305 WEEKS AGO Awesome Argentina upset sloppy Springboks… 305 WEEKS AGO Australia stun New Zealand to win the 2015… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more


June 18, 2021 0

Heritage Lottery Fund offers £10m for important UK anniversaries

first_img Tagged with: Funding Howard Lake | 25 October 2013 | News  38 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Heritage Lottery Fund offers £10m for important UK anniversaries 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.center_img Bicentenary of the Abolition of the trans-Atlantic Slave Trade Act: 2007Bicentenary of Charles Dickens’s birth: 2012Battle of Flodden 600th anniversary: 2013First World WarOf course, the centenary of the outbreak of the First World War occurs next year. HLF has already awarded over £28 million to projects commemorating the conflict. It launched an additional £6 million new small grants programme in 2012 entitled First World War: then and now, which aims to help communities explore, conserve and share their First World War heritage.Anniversary fund GuidanceSo far the funding has simply been announced. Further online guidance and advice will be available to applicants from January 2014.Image: History books by Jiri Fogel on Shutterstock.com AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Heritage Lottery Fund (HLF) is to provide at least £10 million over the next four years to fund projects that mark important anniversaries in the UK.Grants of a few thousand pounds to over £2 million will be made available. These will “help to highlight important historical dates that will resonate with people and communities right across the UK”.Referring to the impact of the 2012 Olympic and Paralympic Games, Dame Jenny Abramsky, Chair of HLF, said: “There are many other key times of celebration or sadness from our past and from the diverse stories of these islands that have left a similar impression. This Lottery investment will ensure that these pivotal moments, places or people will not be forgotten by future generations.”Which anniversaries qualify?The HLF has not specified particular events or anniversaries but it has listed “moments on the horizon that could be supported by this initiative”.These include:the centenary of Dylan Thomas’ birththe 800th anniversary of Magna Cartathe 600th anniversary of Agincourtthe bicentenary of the Battle of Waterloothe 400th anniversary of Shakespeare’s deaththe 700th anniversary of Bannockburnthe 150th anniversary of Beatrix Potter’s birthAnniveraries events that the HFL has funded in the past include: Advertisementlast_img read more


June 16, 2021 0

OSCR seeks views on draft fundraising guidance

first_imgOSCR seeks views on draft fundraising guidance  221 total views,  2 views today The OSCR is seeking feedback from fundraisers in Scotland on draft fundraising guidance, in a consultation open until 1 December.OSCR has separated the draft guidance into two parts: the first looks at fundraising and charity trustee duties, while the second looks at the detailed requirements of the 2009 Regulations that apply to all ‘benevolent fundraising’, rather than solely fundraising by charities.While the OSCR regulates charities registered in Scotland, it says it does not regulate the full range of ‘benevolent fundraising’ that takes place in Scotland so hopes that separating the guidance in two helps to make the distinction between them clearer and recognise that not all charity trustees will need the technical detail about the 2009 Regulations.The consultation will help to shape the final guidance, which will be published in early 2018, and the OSCR also welcomes any comments on its revised 2009 Regulations technical guide.Jude Turbyne, OSCR Head of Engagement, said:“There have been a lot of changes in the fundraising world over the past few years. We want our guidance on fundraising to provide maximum clarity and the best way to do this is to speak to the sector before it is finalised.“Providing a response to us is quick and easy and we will consider every one we receive appropriately. We hope you take this opportunity to help shape guidance that will contribute to improving fundraising standards across Scotland.”The consultation can be accessed on the OSCR site. Advertisement Melanie May | 28 September 2017 | News Tagged with: feedback OSCR Scotlandcenter_img  222 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 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.last_img read more


June 16, 2021 0

Army surrounds Tamil daily’s headquarters in Jaffna

first_img Follow the news on Sri Lanka Sri LankaAsia – Pacific Sri LankaAsia – Pacific News News Organisation News May 19, 2014 – Updated on January 20, 2016 Army surrounds Tamil daily’s headquarters in Jaffna Sri Lanka: RSF signs joint statement on attacks against human rights defenders, lawyers and journalists July 29, 2020 Find out more Receive email alertscenter_img Sri Lanka: tamil reporter held on absurd terrorism charge January 13, 2021 Find out more RSF_en Reporters Without Borders and its partner organization, Journalist for Democracy in Sri Lanka (JDS), condemn the action of several hundred soldiers in surrounding the headquarters of the Tamil-language daily Uthayan in the northern city of Jaffna yesterday. Uthayan was the winner of last year’s Reporters Without Borders press freedom prize.Members of the intelligence services were seen among the soldiers who continued to block the Kannarthiddin Road and Navalar Road access to the newspaper until this morning. Some of the intelligence officers carried guns while others noted who was entering and leaving the newspaper.The military operation appeared to be a response to Uthayan’s publication yesterday of a supplement entitled “Mullivaikkal Thuyar Malar – May 18,” consisting of poems and accounts by survivors of the Sri Lankan army’s massacre of thousands of Tamil civilians in 2009, in the final stages of the civil war between the government and Tamil Tiger rebels.“This physical harassment of Uthayan by the military is unjustified and constitutes a grave violation of freedom of information,” said Benjamin Ismaïl, the head of the Reporters Without Borders Asia-Pacific desk.“It is shocking to see that, five years after the civil war officially ended, the Sri Lankan government still resorts to the most brutal forms of censorship in order to prevent the publication of information about the war.”The security forces provided no explanation for their action. When E. Saravanapavan, Uthayan’s owner and a member of the Tamil National Alliance, asked the soldiers why they were blocking the access to the newspaper, they replied that they had orders from the high command and that he should ask the head of the security forces in Jaffna. They refused to give any further explanation.The army also surrounded another newspaper, Thinakkural, yesterday.Uthayan was awarded the 2013 Reporters Without Borders press freedom prize for defying the civil war climate in order to cover the acts of violence by the security forces against the population in the north of the country.Armed men attacked and ransacked Uthayan’s printing and distribution centres in April 2013.Sri Lanka is ranked 165th out of 180 countries in the 2014 Reporters Without Borders press freedom index.Photo: JDS Sri Lanka: Journalist manhandled by notorious police inspector currently on trial to go further News Help by sharing this information July 15, 2020 Find out morelast_img read more


June 12, 2021 0

Competition: Win a pair of tickets to Munster v Scarlets in…

first_imgRugbyMunsterNewsSportCompetition: Win a pair of tickets to Munster v Scarlets in Thomond Park!By admin – October 7, 2014 754 Twitter WhatsApp Facebook Our friends at Specsavers and WHPR have given us a pair of tickets to giveaway to this Friday night’s Munster v Scarlets Guinness PRO12 game at Thomond Park.Kick off is Friday @ 7.35pm in Thomond Park and the tickets are courtesy of Specsavers, sponsors of the match officials.Sign up for the weekly Limerick Post newsletter Sign Up Simply answer the following question:Who captained Munster to their first Heineken Cup win?Email your Answer, Name, along with your  telephone number,  to [email protected] will be chosen at random. Tickets must be collected in Limerick Post Office at 97 Henry St.Best of Luck! Linkedincenter_img Email Advertisement Print Previous articleFarmer faces jail if court fines are not paid by DecemberNext articleTravelling Men of Shakespeare adminlast_img read more


June 4, 2021 0

Some Lawmakers Believe ‘Too Big to Fail’ Is Still Alive Seven Years After the Crisis

first_img Servicers Navigate the Post-Pandemic World 2 days ago Some Lawmakers Believe ‘Too Big to Fail’ Is Still Alive Seven Years After the Crisis Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe August 17, 2015 1,095 Views Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Demand Propels Home Prices Upward 2 days ago Related Articles Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Bailouts Senator David Vitter Senator Sherrod Brown Too Big to Fail Wall Street About Author: Brian Honea Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Two years ago, U.S. Senators Sherrod Brown (D-Ohio) and David Vitter (R-Louisiana) introduced a bipartisan bill in an attempt to end taxpayer bailouts. In May 2015, Vitter and Senator Elizabeth Warren (D-Massachusetts) authored similar bipartisan legislation, the Bailout Prevention Act, aimed at ending “Too Big to Fail.”Three weeks after the Vitter-Warren bill was introduced in the Senate, Reps. Scott Garrett (R-New Jersey) and Mike Capuano (D-Massachusetts) introduced a similar bill in the House that would limit the Fed’s ability to bail out big banks in times of a crisis.Some lawmakers are skeptical that Too Big to Fail has ended seven years after the crisis despite claims from some high-level government officials such as Treasury Secretary Jacob Lew that it has ended. The Government Accountability Office (GAO) released the results of a comprehensive study in July 2014 indicating that the larger national banks have not only received assistance from government bailout programs, but they enjoy a taxpayer backstop that community and regional banks do not, and that advantage widens during an economic crisis. The report was requested by Vitter and Brown two years earlier.“(The GAO report) confirms that in times of crisis, the largest megabanks receive an advantage over Main Street financial institutions,” Vitter and Brown said in a joint statement. “Wall Street lobbyists may try to spin that the advantage has lessened. But if the Army Corps of Engineers came out with study that said a levee system works pretty well when it’s sunny – but couldn’t be trusted in a hurricane – we would take that as evidence we need to act. We can fix Too Big to Fail by passing our bipartisan legislation which would ensure that Wall Street megabanks – instead of taxpayers – have adequate capital to cover their losses in a crisis.”The GAO report suggested that under more normal credit conditions or if there was another financial crisis, investors would flock to the Too Big to Fail institutions. The report also confirmed that the large Wall Street banks enjoy roughly the same advantages as they did seven years ago, suggesting a lack of progress in ending Too Big to Fail.Despite the findings of the GAO study and recent claims by lawmakers, Department of Treasury Secretary Jacob Lew said in an address at the Brookings Institution in July 2015 that companies designated as “systemically important financial institutions” (SIFIs) are held to higher standards for taxpayer protection, and that the law ended Too Big to Fail.”To keep taxpayers from ever having to step in to save a financial firm again, Wall Street Reform ended ‘too big to fail’ as a matter of law,” Lew told the audience at the Brookings Institution. “In addition, regulators now have modern, commonsense tools to protect taxpayers.  For example, the FSOC can designate large institutions as ‘systematically important’ and hold them to higher standards. Also, in the event of a crisis or a bankruptcy, regulators can seize large financial institutions and wind them down in an orderly way.”In July 2015, the House Financial Services Financial Institutions and Consumer Credit Subcommittee held a hearing to discuss the criteria for designating a company as a SIFI, criticizing the $50 billion asset threshold required by Dodd-Frank. Some members of that Subcommittee said in the hearing they believe that Dodd-Frank is codifying Too Big to Fail by continuing to designate companies as SIFIs. Also in July, the Senate Subcommittee on Financial Institutions and Consumer Protection held a hearing, to discuss strategies that would end to end Too Big to Fail.”It’s no secret that too big to fail is still around. If another financial crisis happened tomorrow–and that’s still a real risk–nobody doubts that megabanks would be calling on the federal government to bail them out again,” Vitter said in May when the Bailout Prevention Act was introduced. “Our legislation makes common sense reforms to the Fed’s emergency lending powers to protect taxpayers the next time the megabanks lead us into another crisis.” in Daily Dose, Featured, Government, News Home / Daily Dose / Some Lawmakers Believe ‘Too Big to Fail’ Is Still Alive Seven Years After the Crisis The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Bailouts Senator David Vitter Senator Sherrod Brown Too Big to Fail Wall Street 2015-08-17 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Previous: Delinquency Rate Continues Rapid Decline Driven by Higher Quality Originations Next: ‘Foreclosure Predicament Persists’ in New York  Print This Post Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more


May 31, 2021 0

Unfinished Greencastle Harbour breakwater a ‘scandal’ – Mac Lochlainn

first_img Google+ A Donegal TD has called on the new Government to provide the necessary funding to complete the breakwater for Greencastle Harbour.Deputy Pádraig Mac Lochlainn has been informed that the Department of the Marine provided almost €9 million in funding from 2006 to 2011 for the rock breakwater, which is not yet complete.Combined with co-funding from Donegal County Council and the Department of Community, Rural and Gaeltacht Affairs, it brings the total amount of public money invested into the unfinished project to over €10 million.Deputy Mac Lochlainn has called it a scandal as the project has been abandoned by the Department of the Marine:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/07/PadGreencastleweb.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Journey home will be easier – Paul Hegarty Pinterest WhatsApp Facebook News, Sport and Obituaries on Monday May 24th DL Debate – 24/05/21 Unfinished Greencastle Harbour breakwater a ‘scandal’ – Mac Lochlainn Facebook By News Highland – July 12, 2020 Derry draw with Pats: Higgins & Thomson Reaction center_img Twitter Pinterest Google+ RELATED ARTICLESMORE FROM AUTHOR WhatsApp Harps come back to win in Waterford Twitter FT Report: Derry City 2 St Pats 2 Previous articleLeopardstown win for Luke McAteerNext articleDelight at UFC 251 for Donegal’s John Hutchinson News Highland AudioHomepage BannerNewslast_img read more


May 25, 2021 0