Is the Barclays share price too cheap after recent falls?

first_img Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Barclays. 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. Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… Enter Your Email Address At first glance, I think the Barclays (LSE: BARC) share price looks cheap. So, as a value investor, I’ve been considering adding the stock to my portfolio recently. Is the Barclays share price cheap?Shares in the banking group are changing hands at a price-to-book (P/B) ratio of less than 0.5. In theory, that is too cheap. Book value reflects all the assets and liabilities of a business. It essentially tells us what the company is worth if it was broken up and sold in pieces today. As such, a P/B ratio of less than one may suggest that the business can be acquired, broken up and sold for more than it is currently worth. 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…Unfortunately, it’s not quite as simple as that. Some companies deserve to trade at a P/B of less than one. For example, if a company is losing money, it is technically shrinking. That means a P/B of less than one may be suitable. Barclays isn’t losing money. For the nine months to the end of September, group profit before tax was £2.4bn. On that basis, I do not think that the Barclays share price deserves to trade at a P/B of less than 1. Based on that, the current valuation implies that shares in the lender are currently cheap. All of the above suggests that this profitable business is worth at least book value or more. Of course, this doesn’t guarantee shares in the lender will produce a high return. Just because the Barclays share price appears cheap, it doesn’t mean it is a good investment. Some stocks can trade at discount valuations for years.Risks ahead?The bank may also encounter other risks. In the past, the financial crisis and a series of scandals have caused large losses for investors. Indeed, at the beginning of last year, the lender warned that the coronavirus crisis might cause significant losses. Management has put aside £4.3bn so far for losses associated with the crisis. Nevertheless, Barclays remains one of the largest lenders in the UK. So far, the pandemic’s economic fallout has not been as bad as expected thanks to emergency measures from the government. The government has said that it intends to continue supporting businesses for as long as possible. That suggests that the overall impact on Barclays may be less than expected at the beginning of the pandemic.The group’s investment bank has also provided a cushion. Profits from selling investments and raising cash for troubled companies jumped 24% to nearly £10bn in the first nine months of 2020. Investment banking profits are cyclical, so this won’t last, but the cash influx has come at a good time for the business. However, there is no guarantee the lender will escape unscathed. Recent figures suggest unemployment hit 5% towards the end of last year, the highest level since 2016. Rising job losses may have a knock-on effect, and the government may not be able to save every business.Still, I think that the bank has handled the crisis well so far overall. That could bode well for the Barclays share price from now on if the situation does not deteriorate further. That’s why I think the business may make a good addition to my personal investment portfolio, considering all of the risks and potential rewards on offer.  There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! 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. Rupert Hargreaves | Saturday, 30th January, 2021 | More on: BARC Click here to get access to our presentation, and learn how to get the name of this ‘double agent’!center_img Is the Barclays share price too cheap after recent falls? 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. Image source: Getty Images. Our 6 ‘Best Buys Now’ Shares See all posts by Rupert Hargreaveslast_img read more

Nigel Owens’s generous offer helps numerous clubs after Storm Dennis

first_imgThursday Feb 20, 2020 Nigel Owens’s generous offer helps numerous clubs after Storm Dennis Referee Nigel Owens has offered his help to any clubs affected by Storm Dennis by sending them his signed shirts to auction off. ADVERTISEMENTHe shared this post on Twitter in the wake of the storm, which has completely devastated rugby clubs across the United Kingdom: “To all the rugby clubs out there. If you think it will help & you want a signed ref jersey of mine that may be helpful to auction or raffle off to help raise some funds after storm Dennis then please let me know. Will DM you to get sorted. Thinking of you all who have suffered from it.”The Welshman has refereed some of the biggest games of rugby over the past decade, including the Rugby World Cup final in 2015. In his post, he shared a photo of one of his shirts worn during the recent RWC in Japan, where he oversaw the semi-final between England and the All Blacks. A huge number of clubs have got in contact with Owens since he shared this message, showing the damage that has been done after the storm. This can be seen in the comments, and it is not simply rugby clubs that he is willing to help. ADVERTISEMENTThe 48-year-old has already started sending out the shirts, and has said that more will be done as soon as possible. Clubs in Wales have experienced some of the worst damage, with pitches and clubhouses completely submerged in water. To make matters worse, clubs like Bedwas have revealed that their insurance will not cover the flood damage. Fundraising campaigns have started as a response to save some clubs, and Owens is contributing. ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error News Related Articles 25 WEEKS AGO Exeter vs Toulouse is off as a number of… 25 WEEKS AGO Danny Cipriani leaves Gloucester with immediate… 25 WEEKS AGO ‘Aphiwe can’t believe it. We were starting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living10 Types of Women You Should Never MarryNueeyThe 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

Country’s first media law starts life as dead letter

first_img Follow the news on Turkmenistan Organisation For more information on Turkmenistan: – Read our previous statements- Read Turkmenistan page in our latest report on the “Internet Enemies”- Read Gurbanguly Berdymukhammedov’s profile in our report on the “Press freedom predators”(Picture: STR/AFP) News March 13, 2020 Find out more TurkmenistanEurope – Central Asia to go further #CollateralFreedom: RSF now unblocking 21 sites in 12 countries January 9, 2013 – Updated on January 20, 2016 Country’s first media law starts life as dead letter News Help by sharing this information Four-year jail term for independent website’s correspondent in Turkmenistan Receive email alerts RSF_en News March 31, 2020 Find out more Coronavirus off limits in Turkmenistan The first media law in the history of Turkmenistan came into effect on 4 January. In principle, it proclaims freedom of expression and bans censorship but it has so far done nothing to narrow the gulf between the official discourse and the reality of one of the world’s most closed and repressive countries.“The reign of the arbitrary has prevailed until now in the media domain so the existence of a law is a small step forward but much will have to change before its principles and provisions are translated into facts,” Reporters Without Borders secretary-general Christophe Deloire said. “For the time being, some of its provisions, although very satisfactory on paper, border on the ridiculous when confronted with the reality of journalist practices. The state is supposed to ‘guarantee media pluralism and independence’ but in practice the media are monolithic and controlled by the state and independent journalism is unthinkable. We strongly urge the authorities to bring practice into line with their own legislation.“The attitude of the authorities, the political system, and the justice system will all have to change fundamentally for the rights enshrined in this law to acquire real meaning and for the public to feel sufficiently confident to claim them. Without real democratic reform, this law, like so many others, will remain a complete fiction.”Deloire added: “We nonetheless salute the Organization for Security and Cooperation in Europe’s contribution to the drafting of this law. Turkmenistan now has a law that recognizes that news and information providers have rights, and we will not hesitate to remind the authorities of the need to respect their own laws.”Passed by the Mejlis (parliament) on 22 December and quickly signed into law by the president, the “Law on the Mass Media” that took effect on 4 January in theory “determines the rules governing the collection, processing and dissemination of news and information” and “establishes the rights, duties and responsibilities” of news providers. The contrast is striking between the Gurbanguly Berdymukhammedov regime’s highly repressive practices and the “principles of state policy in the media domain” that are spelled out in article 4. “The media are free,” article 4 says. “No one may ban or prevent the media from disseminating information of public interest except under the provisions of this law (…) citizens have the right to use all media forms to express their opinions and beliefs, and to seek, receive and impart information.” The article also forbids “media censorship,” “interfering in the activities of the media” and “monopolization of the media by persons or entities.”In practice, all the Turkmen media are directly controlled by the state, which uses them to circulate propaganda and severely punishes any failure to toe the official line. The president owns most of the national newspapers.There is just one privately-owned weekly, Rysgal (Success), which was launched in September 2010. It is dedicated to promoting private enterprise and does not pursue critical editorial policies. It is published by a group of businessmen, the Turkmenistan Union of Industrialists and Entrepreneurs, which became the country’s second “political party” shortly after the official adoption of a multiparty system in January 2012.Like the ban on censorship in the new media law, the official abandonment of a one-party system was purely illusory. No opposition party has been created and elections continue to be non-competitive.The new media law is for the time being too disconnected from reality for a detailed analysis to be appropriate. Many of its provisions are protective in theory even if their wording is often debatable. Officially, journalists have the right to join unions and the right to use a pseudonym or not put their name to a story (article 30). The protection of sources is referred to as a professional imperative (article 31). Government offices are required to respond within three days to requests for information of public interest (article 37). The public’s access to foreign news media is guaranteed (article 59).But in the absence of wide-ranging reforms, all these good intentions will remain a dead letter.The law is strongly marked by a state-control approach. Regulation of the media, the mechanisms of which are not defined, remains under the control of state entities (article 6). Self-regulation is mentioned only as option (article 7). The limits to freedom of expression and the definition of information that must not be rendered public are too loosely worded (article 42).In pratice, a permanent news blackout exists in Turkmenistan, which has for years been one of the last three countries in the Reporters Without Borders press index, alongside North Korea and Eritrea.The dangers are considerable for independent journalists who try to work clandestinely. Two, Sapardurdy Khadjiyev and Annakurban Amanklychev, have been held for more than six years in a prison in a desert area near the western city of Turkmenbashi. Ogulsapar Muradova, a woman journalist, died in detention in September 2006, almost certainly as a result of mistreatment.A Radio Azatlyk correspondent, Dovletmyrat Yazkuliyev, was sentenced to five years in prison on trumped-up charges in October 2011 before finally getting a presidential pardon a few weeks later. News December 18, 2020 Find out more TurkmenistanEurope – Central Asia last_img read more

Santa Anita Stable Area to Reopen Training Track and Main Track Friday

first_img Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Top of the News More Cool Stuff Name (required)  Mail (required) (not be published)  Website  Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Make a comment Community News 2 recommended0 commentsShareShareTweetSharePin it Herbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeauty12 Signs He’s Ready To Spend The Rest Of His Life With YouHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeauty Santa Anita’s stable area, which has been closed for renovations since mid-July, will reopen on Friday, Sept. 4, with the training track and main track available to horsemen beginning Saturday and Sunday in advance of the track’s 2015 Autumn Meet, which opens on Sept. 26. Additionally, Santa Anita’s popular coffee and breakfast destination, Clockers’ Corner, will be open for business on a seven day-a-week basis beginning Friday morning from 5:00 a.m. to 10:00 a.m.The 19-day Autumn Meet will open with a bang as a total of five Grade I Breeders’ Cup Challenge, “Win and You’re In” prep stakes will be carded on opening day, with first post time for an 11-race program scheduled for 12:30 p.m. (First post time for the remainder of the Autumn Meet will be at 1 p.m.) Santa Anita will offer a total of six Grade I Breeders’ Cup Challenge races and a total of 21 overall added money events—12 of which are graded, throughout the meet.Santa Anita’s stable area, which is home to some 2,000 Thoroughbreds when occupied, has undergone routine repairs and scheduled maintenance. Returning horsemen will see fresh paint, repaired stalls, and improved drainage and access throughout the roughly 40 acres that comprise the stable area.For more information on Santa Anita’s 2015 Autumn Meeting, please visit santaanita.com, or call (626) 574-RACE.About Santa Anita ParkSanta Anita Park is a Stronach Group company, North America’s leading Thoroughbred racetrack owner/operator. The Stronach Group racetracks include Santa Anita Park, Gulfstream Park & Casino, Golden Gate Fields, Portland Meadows, Laurel Park and Pimlico Race Course, home of the world-famous Preakness. The company owns and operates the Palm Meadows Training Center in Florida, and is one of North America’s top race horse breeders through its award-winning Adena Springs operation. The Stronach Group is one of the world’s largest suppliers of pari-mutuel wagering systems, technologies and services. Its companies include AmTote, a global leader in wagering technology; Xpressbet, an Internet and telephone account wagering service; and Monarch Content Management, which acts as a simulcast purchase and sales agent of horseracing content for numerous North American racetracks and wagering outlets.The Stronach Group is North America’s premier supplier of virtual online horseracing games, as well as a leading producer of social media content for the horseracing industry.Santa Anita Park, 285 W. Huntington Dr, Arcadia, (626) 574-7223 or visit www.santaanita.com. 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 Community News Sports Santa Anita Stable Area to Reopen Training Track and Main Track Friday Reopens on September 4 and will be Available for Training Sept. 5 and 6 From STAFF REPORTS Published on Thursday, September 3, 2015 | 11:05 am Business News Your email address will not be published. Required fields are marked * EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribe Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Groups lobby to make it illegal to buy sex

first_img Groups lobby to make it illegal to buy sex Pinterest Almost 70 groups involved in the Turn Off the Red Light campaign will be lobbying politicians today to make it illegal to buy sex.The Immigrant Council of Ireland says it’s vital in ending prostitution and sex trafficking in Ireland.The ICI has released an interview with a woman who was trafficked here from Moldova when she was just 15.’Hannah’ – not her real name – details one occasion when she was caught by gardai.”When I was 16 I was working in a place in Rathmines; so the guard came there in the afternoon, they asked us for ID – I showed him my fake ID, gave it back to me and they said ‘get your stuff and get out of the premises” she said.”I mean come on, you could see I was a little child” she added. WhatsApp Twitter Google+ 75 positive cases of Covid confirmed in North Man arrested on suspicion of drugs and criminal property offences in Derry By News Highland – February 5, 2014 Facebook Twitter WhatsAppcenter_img Gardai continue to investigate Kilmacrennan fire Pinterest Google+ Further drop in people receiving PUP in Donegal Facebook 365 additional cases of Covid-19 in Republic Main Evening News, Sport and Obituaries Tuesday May 25th News RELATED ARTICLESMORE FROM AUTHOR Previous articleBurtonport road almost impassable because of massive potholesNext articleGSOC to have full access to garda database in penalty points probe News Highland last_img read more

“Arnab Goswami’s Arrest Blatant Illegitimate Action”: SC Lawyer Moves NHRC Against Mumbai & Raigad Police

first_imgNews Updates”Arnab Goswami’s Arrest Blatant Illegitimate Action”: SC Lawyer Moves NHRC Against Mumbai & Raigad Police Sanya Talwar4 Nov 2020 8:11 AMShare This – xFollowing the arrest of Arnab Goswami by Mumbai Police, Supreme Court lawyer Siddharth Acharya has filed a complaint with the National Human Rights Commission (NHRC)Acharya has filed the complaint against Mumbai Police & Raigad Police for “unjustly and illegally manhandling, assaulting and arresting Mr. Arnab Goswami from his residence in Mumbai”.Acharya has called the arrest, a “blatant…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginFollowing the arrest of Arnab Goswami by Mumbai Police, Supreme Court lawyer Siddharth Acharya has filed a complaint with the National Human Rights Commission (NHRC)Acharya has filed the complaint against Mumbai Police & Raigad Police for “unjustly and illegally manhandling, assaulting and arresting Mr. Arnab Goswami from his residence in Mumbai”.Acharya has called the arrest, a “blatant and brazenly illegitimate action” under Section 306 and 506 of the Indian Penal Code 1856 with regard to a suicide case registered and closed in 2018. Detailing the incident to the NHRC, Acharya has placed it under the category of “Atrocities on Media Persons” stating that the Police barged into Goswami’s house today and “dragged him” in which is “derogation of all fundamental human right”.The complaint states that Goswami is is one of the prominent journalists’ of the country and his arrest is a “mala-fide act at the behest of State Executive coupled with vengeance and vendetta because of his news reporting exposing infirmities and inefficiency of the State Government and Mumbai Police”.Acharya has stated that the police misbehaved with Goswami and his family, including with his elderly parents & also beat his minor son.”He was refused access to legal assistance by his lawyers. Raigad Police has arrested, pulled and paraded Mr Goswami out of his residence, treating him like a hardened criminal, without a shred of evidence, which shows a clear malevolent attempt to irreversibly damage his professional reputation, personal dignity…”            –   Complaint statesIt is further stated that by doing this Act, Mumbai Police tried to give a message to entire community of journalists that the same would be the fate of any journalist who will dare to report anything against Mumbai Police and State Government.This, Acharya states is not only a blatant attack on the fundamental right of a citizen but overall a intimidation to the fourth pillar of our democracy and independent journalism.”The attack on the Fourth Estate without any evidence or verifiable facts, on the basis of closed case being reopened with the sole aim to make an unwarranted illegitimate arrest of Mr Goswami is extremely shocking to the point that it shakes India’s belief in good governance and policing,” Acharya states.The Complaint has further stated that the entire episode since the morning of 04.11.2020 is shocking for the whole country as it gives a signal to entire population of country to dare not speak against the ruling government of Maharashtra. “It has also been live broadcasted on the television that how in blatant disregard of Cr.PC and various laws laid down by the Hon’ble Supreme Court on the manner and method of arrest a person in the country”In this light, Acharya has urged the NHRC to take cognizance of this matter and call for response from the Mumbai Police about their “illegitimate manner of operation in derogation of human right of a top journalist of the Country”. Additionally, Acharya has sought imposition of an extraordinary fine on the Officers involved in this brazen act to reprimand all other State Police forces to have respect for human rights and due process of law.The Advocate has also written to Chief Justice SA Bobde requesting him to take suo-motu cognisance of the issue. Calling Arnab’s arrest ‘political vendetta’, the Supreme Court lawyer has asserted in his letter that state power was being abused by the current Maharashtra government to ‘settle personal scores’, adding that even the basic process of law was not followed during Arnab’s arrest.”The illegal arrest stinks of pure political vendetta and is in clear violation of law. This is evident from the fact that Arnab was neither served prior summons nor allowed access to his legal team. Due process of law has not been followed while making the arrest. This is a direct and unprecedented attack on the Freedom of Speech and Expression and on Freedom of Press by Maharashtra Government misusing Mumbai Police,” read Siddhart Acharya’s letter to the CJI.Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Supreme Court Dismisses Skoda-Volkswagen’s Plea To Quash FIR Over Alleged Cheat Emission Devices

first_imgTop StoriesSupreme Court Dismisses Skoda-Volkswagen’s Plea To Quash FIR Over Alleged Cheat Emission Devices LIVELAW NEWS NETWORK25 Nov 2020 11:50 PMShare This – xThe Supreme Court on Thursday dismissed the special leave petition filed by international car manufacturer Skoda-Volkswagen seeking to quash an FIR registered over alleged cheat emissions devices installed in vehicles.It was on November 4 that a bench headed by the Chief Justice of India reserved orders on the petition filed by Skoda Volkswagen India Pvt Ltd challenging an FIR registered by…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Thursday dismissed the special leave petition filed by international car manufacturer Skoda-Volkswagen seeking to quash an FIR registered over alleged cheat emissions devices installed in vehicles.It was on November 4 that a bench headed by the Chief Justice of India reserved orders on the petition filed by Skoda Volkswagen India Pvt Ltd challenging an FIR registered by the UP Police.The Allahabad High Court had in October dismissed the Volkswagen India’s plea for quashing of an FIR dated July 10 registered against it in Noida for installing “cheat devices” in its vehicles.In the petition filed in the apex court against the High Court order, the lawyer of automobile manufacturer, Senior Advocate Dr Abhishek Manu Singhvi, had submitted that the FIR was with respect to the same allegations of cheat emission devices over which the National Green Tribunal had imposed fine in 2019. Dr. Singhvi submitted that the Supreme Court has stayed the NGT’s fine order and while the matter is sub-judice, the FIR has been filed as a tool for harassment.The complainant’s lawyer Senior Advocate Maninder Singh had submitted that the FIR was with respect to the personal allegations of his client with respect to cheating by the car manufacturer.Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Flight instructor, student pilot rescued by US Coast Guard after ditching plane off coast of Hawaii

first_imgJoel Carillet/iStockBy BILL HUTCHINSON, ABC News(NEW YORK) — A flight instructor and a student pilot were rescued by a U.S. Coast Guard crew Saturday night after their plane experienced engine trouble, forcing them to ditch the aircraft in the ocean off the coast of Hawaii, officials said.The two pilots were taken to a hospital with non-life-threatening injuries, according to Coast Guard officials. Their names were not immediately released.Lt. j.g. Makenzy Karnehm, watchstander of the Coast Guard Joint Rescue Coordination Center, said a Coast Guard helicopter rescue crew from Air Station Barbers Point in Oahu managed to reach pilots about an hour after they ended up in the ocean about eight miles off the coast of Lanai, the sixth-largest Hawaiian island.“As a watchstander, this is the type of outcome we want to see with every case,” Karnehm said in a statement, “Both the Coast Guard and our partners train together for incidents like this and once the call came in we were able to quickly mobilize a robust response and rescue the pilots.”The Coast Guard and Maui Fire Department also dispatched boats to the area where the single-engine plane went down, officials said.Coast Guard officials said they received a call at about 5:49 p.m. from the air-traffic control facility at the Daniel K. Inouye International Airport that an aircraft was experiencing engine trouble and was likely going to ditch in the ocean.On-duty Coast Guard watchstanders issued an urgent notice to mariners in the area to be on the lookout for survivors, officials said.A Mokulele Airlines plane that had just taken off from the Lanai Airport heading to Honolulu spotted the two men in the water and radioed in their location as they continued to circle, officials told ABC affiliate station KITV in Honolulu.Passengers aboard the Mokulele Airlines flight said their pilot quickly asked them to help scan the ocean for the stranded flyers as they circled the area.“The pilot said, ‘There is an aircraft in distress. There is nobody else out there. We have to divert to find them,’” a passenger aboard the Mokulele Airlines flight told KITV. “We started a descending spiral over the ocean just looking for the aircraft. My wife and two passengers on the left side of the plane spotted the aircraft about to impact the water, then witnessed the aircraft impact the water.”The airline passenger, who asked to remain anonymous, said the pilot asked him and his fellow passengers to look for two people in yellow life jackets because the pilot kept losing sight of them.“We kept losing the plane. It submerged. It was just a white tail in a blue ocean with white caps and two small people with life jackets,” the passenger said.Another crew from Kamaka Air also spotted the pilots in the water and continued to circle until Coast Guard crews arrived, the president of the airline told KITV.George Hanzawa of George’s Aviation Services in Honolulu told KITV that the plane that crashed was a DA40 Diamond Star that was owned by his company. He said the flight instructor also worked for his company and took a student on a training run Saturday afternoon. He said they were expected to return by sunset.Copyright © 2021, ABC Audio. All rights reserved.last_img read more

HR acts to lessen toll of despair

first_img Previous Article Next Article HR acts to lessen toll of despairOn 18 Sep 2001 in Personnel Today Related posts:No related photos. HR professionals across the world are picking up the pieces following theterrorist attack on the World Trade Center in New York which saw thousands ofstaff killed. As the human tragedy unfolded, HR teams were immediately faced with theenormous task of tracking down staff, updating staff and loved ones on thelatest information and providing support to distressed colleagues. John Reid-Dodick, global director of HR at Reuters, told Personnel Today itstarted tracking its 18,000 staff in 190 countries almost immediately to workout which of them were in New York. He said, “We contacted all HR directors in Europe, Japan and AsiaPacific and coordinated with senior teams to track people who weretravelling.” Of its 300 staff at the WTC, six remain missing. It took investment bank Morgan Stanley, the largest tenant at the WTC,several agonising days to track down its 3,700 staff. Staff at its DiscoverCredit Card call centre fielded 50,000 calls around the clock from peoplegiving or seeking information on loved ones. Communication with staff, family and friends has also been key. Global headof HR at Pricewaterhouse Coopers, Clive Newton, explained that the company hasset up websites and call lines for people to find out if their friends andcolleagues are safe. PWC has employed grief counsellors and set up a helplinefor staff and their families. Lance Richards, an international HR consultant based in the US, said,”It changes everything – how people travel, how they work and whether theywill want to work outside the US.” By Lisa Bratby SHRM responds to human tragedyAmerican HR representative body the SHRM has reacted swiftly to the tragicevents in New York and Washington by releasing guidelines for HR professionals.It has removed the password protection from its website so concerned people canaccess its “HR responds to terrorism” web pages.In addition to offering extensive practical advice and information, SHRMalso has several experts on hand to discuss the employer’s role in helpingemployees come to terms with the atrocity.The site includes an article by Dr John Sullivan advising how HR shouldreact in the aftermath of a terrorist attack and provides information on crisiscommunication letters.www.shrm.org Comments are closed. last_img read more

92% of restaurants could not make December rent

first_img Full Name* Message* Tags Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Email Address* And though they may be teetering on the brink of survival, not all restaurants are getting a break from their landlords. Sixty percent of landlords have not worked with tenants to waive rental payments.Of the 40 percent who did waive rent, only 17 percent waived more than half of rent owed, while 37 percent deferred those payments to a later date.Some restaurants — 14 percent — however, have managed to renegotiate their leases. Twenty-four percent remain in good faith negotiations.But there may be a glimmer of hope on the horizon. The results of the survey predate the reopening of indoor dining, which is expected to help with restaurants’ bottom lines.For example, the number of seated diners on Valentine’s Day was only 56 percent lower than it was the same Sunday a year ago — the smallest decline since restrictions began last MarchBut Andrew Rigie, the executive director of the NYC Hospitality Alliance, called on the state to allow restaurants to move indoor dining to 50 percent capacity — currently, it’s capped at 25 percent — to help boost revenue for struggling eateries. About 4,000 restaurants in New York City have shut since the pandemic began 11 months ago.“While the reopening of highly regulated indoor dining is welcome news, we need to safely increase occupancy to 50 percent as soon as possible, and we urgently need robust and comprehensive financial relief from the federal government,” Rigie said in a statement. His group has been pushing Congress to pass the RESTAURANTS Act and increase relief funding for restaurateurs.Contact Sasha Jones NYC Hospitality Alliance’s Andrew Rigie (Getty, Twitter/Illustration by Kevin Rebong for The Real Deal)The situation for New York City’s restaurateurs — and their landlords — got even more dire at the end of 2020.A new report by the New York City Hospitality Alliance found that 92 percent of restaurants could not pay their full December rent, the highest that number has been since the pandemic began.That number has also increased every month during the health crisis; in June, 80 percent of restaurateurs couldn’t afford rent, and it’s steadily risen since.Of those who could afford some rental payment at the end of 2020, just 49 percent paid half of their rent, while 28 percent paid less than half.Read more88% of NYC restaurants could not make October rentValentine’s Day gives NYC restaurants much-needed boostIndoor dining returns today — and can soon go later Share via Shortlink Commercial Real EstateNYC RestaurantsRetail Real Estatelast_img read more