Zeco Holdings Limited (ZECO.zw) HY2017 Interim Report

first_imgZeco Holdings Limited (ZECO.zw) listed on the Zimbabwe Stock Exchange under the Engineering sector has released it’s 2017 interim results for the half year.For more information about Zeco Holdings Limited (ZECO.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Zeco Holdings Limited (ZECO.zw) company page on AfricanFinancials.Document: Zeco Holdings Limited (ZECO.zw)  2017 interim results for the half year.Company ProfileZeco Holdings Limited builds rail wagons and locomotives through its subsidiaries for utilities in Zambia, Tanzania, Mozambique, Ethiopia and Kenya. Formerly known as Resco, the company also manufactures roller shutters, electronic garage doors, steel windows and doorframes, burglar bars, filing cabinets and agricultural implements for the Zimbabwe building and construction sector and export to countries in sub-Saharan Africa. In 2008, the company acquired all the assets held by Corbett Holdings (Private) Limited and its operating subsidiaries; Electrical and Mechanical Suppliers and Importers (Private) Limited, Halgor Estate (Private) Limited, FaiT Lux (Private) Limited and Zimplastics (Private) Limited. Zeco Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

Stock market recovery: a once-in-a-lifetime chance to build a £1m Stocks and Shares ISA?

first_imgStock market recovery: a once-in-a-lifetime chance to build a £1m Stocks and Shares ISA? Peter Stephens | Saturday, 14th November, 2020 Image source: Getty Images Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” See all posts by Peter Stephens A stock market recovery would be likely to have a very positive impact on the long-term performance of a Stocks and Shares ISA.Of course, not all UK shares would necessarily rise at a fast pace in a new bull market after the stock market crash. However, a diverse portfolio of FTSE 100 and FTSE 250 shares could produce impressive returns. Certainly as valuations rise and investor sentiment becomes more bullish.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, there may be buying opportunities available today. Many stocks haven’t yet recovered from the 2020 stock market crash. This could mean there are opportunities to build a £1m ISA as the prospects for the stock market gradually improve.A mixed outlook for UK shares?Clearly, the short-term outlook for Stocks and Shares ISA investors continues to be relatively uncertain. Risks such as Brexit and the ongoing pandemic may mean that investor sentiment is volatile, as company performance may be negatively impacted by further economic challenges.However, over the long run, a stock market recovery after the 2020 market crash seems to be very likely. After all, the track records of indexes such as the FTSE 100 and FTSE 250 have shown they’ve always recovered following their various declines. Over time, the economy’s performance is likely to improve. That means company profitability is set to respond positively to stronger operating conditions, and investor sentiment is likely to become more optimistic.Buying opportunities within Stocks and Shares ISAsTherefore, now may prove to be a rare opportunity to add UK shares to a Stocks and Shares ISA. In many cases, FTSE 100 and FTSE 250 shares trade at low prices following the stock market crash. Their valuations may not factor in their potential to survive a period of weak economic performance, as well as their capacity to benefit from a likely stock market recovery.Certainly, there have been similar opportunities in the past. However, bear markets and their subsequent recoveries have generally not occurred frequently. Therefore, buying a diverse range of stocks prior to a sustained bull market taking place could prove to be a rare opportunity to make market-beating returns.Making a millionEven if a Stocks and Shares ISA generates a similar return to the stock market’s long-term average, it could produce a £1m valuation over the long run. For example, investing £100,000 today at an 8% annual return for 30 years could lead to a £1m portfolio value. Similarly, investing £750 per month for 30 years at an 8% return would also mean an ISA portfolio valuation of over a million.However, through purchasing cheap UK shares prior to a stock market recovery, it may be possible to earn higher returns over the long run. This may increase the chances of an ISA being worth in excess of £1m over the coming years. Our 6 ‘Best Buys Now’ Shares 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. Enter Your Email Address 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. 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.last_img read more

One million recycled M&S hangers raise £370k for UNICEF

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2  76 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2 Tagged with: corporate Recycling One million recycled M&S hangers raise £370k for UNICEF Howard Lake | 7 February 2012 | News Marks and Spencer customers have recycled 100 million clothes hangers in six months and raised £370,000 for UNICEF in the process.Since the partnership launched in July 2011, M&S customers have been invited to leave hangers behind when shopping, rather than take them home, so that they could be used again in store or recycled. M&S made the donation because of the savings it helped them achieve.M&S donates 50p for every £1 saved from hanger recycling to UNICEF, to fund a new project in two locations within the Mymensingh and Dhaka regions of Bangladesh.All intact hangers are shipped back to M&S garment manufacturers to be reused, and shipped in containers that would have previously been travelling back to their destination empty. Damaged hangers are reground and turned back into hangers; and the metal hooks are melted down and reused. Even the cardboard boxes used to house the hangers are reused at least four times, then recycled, according to M&S.www.unicef.org.uklast_img read more

FARC statement on the peace talks

first_imgMarco León Calarcá, a spokesperson for the Revolutionary Armed Forces of Colombia (FARC).The following is a statement by Marco León Calarcá, a spokesperson for the Revolutionary Armed Forces of Colombia (FARC), made on April 3 and translated from the Spanish by the Mundo Obrero staff.Feelings and political positions aside, it is time to build peace. That is in essence, the responsibility of the Conversation Table and therefore merits full solidarity.To recognize this reality, 51 years of armed confrontation, in this latest stage, the guerrilla’s belief is that war cannot be Colombia’s destiny, as the unforgettable commander Jacobo Arenas proclaimed and as it is written in the pronouncement embodied in the first official document of the FARC-EP, the Agrarian Program of the Guerrillas, which clearly shows the revolutionary goal taking the road available, be it the armed conflict imposed by the attack at Marquetalia or through the peaceful one if the conditions exist. [Editor’s note: Marquetalia was a rural autonomous area attacked in May 1964 by the Colombian military. The defenders of Marquetalia later formed the FARC.]The establishment and especially the imperialist transnationals need peace, not towards noble ends or thinking about people’s social well-being, but they require peace for the exploitation of mining and energy resources located in areas where there is a strong guerrilla presence, and to take the land they need for the development of agro-industrial mega-projects intended to produce agro-fuels.The General Agreement ending the conflict and building a stable and lasting peace, signed on Aug. 26, 2012, allowed the public start of peace talks in Havana and is based on bilateral agreements, obligations and duties of the signatories: the national government and the FARC-EP.In the absence of winners or losers, we are in a dialogue between equal partners, marked by the pursuit of agreements in different points and aspects. Therefore, every attempt of unilateral imposition should be considered an attack on the Conversation Table. That is, no more or no less, among others, the Legal Framework for Peace, the reference point to which the leadership of transition and the promoted transitional justice do not find space.From sectors of the right and the extreme right, vociferous attacks are made on the Conversation Table and the Santos government is accused of handing the country over to the guerrillas, to terrorism; they only see a process of subjugation.At the same time, self-declared leftist groups accuse the insurgency of giving up its principles and betraying the people by engaging in this dialogue. In the middle exists the majority that works for peace.The discussion is not about legality or legitimacy, since in this area there will never be an agreement because of the political ideology that separates us.We hear, read and see the ranting of the surveys that reject any agreement that would be on an equal footing because “the Colombian people do not accept that the guerrillas developed a political struggle, they are bandits.” What is never said outright and is known by the poor of the earth, that immense national majority, is that these statements come from the desire of the minority enriched at the expense of the people.And they never mention or reflect on the reality of millions and millions of inhabitants of Colombia, men and women dissatisfied with the economic, political, social, cultural and environmental development of the country, people who valiantly resist and struggle for their ideals and diverse demands that bring change in order to enjoy a worthy life of work, education and health, decent housing and national pride in sovereignty and independence, without giving up or forgetting the revolutionary objectives.It is imperative to channel the social forces and unite them into a single stream towards the necessary structural changes that will make peace and social justice possible, weaving them, linking them, connecting them with all the popular efforts that lead us to democratic, peaceful and sovereign objectives. The various modes of expression, creativity and transformative power make it possible. The efforts to make them invisible will continue, but that is part of the struggle.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Late-Planted Soybeans Require Slight Management Changes

first_imgHome Indiana Agriculture News Late-Planted Soybeans Require Slight Management Changes Late-Planted Soybeans Require Slight Management Changes SHARE Facebook Twitter By Gary Truitt – May 26, 2016 Facebook Twitter SHARE Warmer temperatures and drying fields mean more farmers are taking advantage of the mild weather to catch up on planting after delays earlier in the season kept many out of their fields. But those growers who still aren’t able to get their soybean crops in before June may need to make slight adjustments to their management plans, says a field crops expert in the College of Food, Agricultural, and Environmental Sciences at The Ohio State University.After weather fluctuations during the growing season this year that have included freezing temperatures and snow flurries to sunny, 80-degree days to excess rain and cooler conditions that have left fields too wet to plant, planting is down across much of the region, with many farmers needing to catch up to get their crops in the ground, said Laura Lindsey, a soybean and small grains specialist with Ohio State University Extension.Delayed plantingAcross Ohio, as of the week ended May 22, only 22 percent of soybeans were planted, according to the U.S. Department of Agriculture’s National Agricultural Statistics Service. That compares to 64 percent that had been planted by the same time last year and 46 percent that had been planted on average during the same time period over the past five years, the agency said.“While some growers in the northern part of the state were able to begin planting due to warmer weather, most growers throughout the rest of the state continued to delay planting as their fields were too wet for planting activities,” Cheryl Turner, Ohio State statistician with the agency, said in a written statement.In general, Ohio soybeans planted from May 1 through mid-May resulted in better yields, according to a study by researchers from OSU Extension and the Ohio Agricultural Research and Development Center. OSU Extension and OARDC are the outreach and research arms, respectively, of the college.But, Lindsey said, it’s not uncommon for some soybean planting to continue into June.Break in the weather“Planting conditions were much worse than usual with the rains experienced last week, while things this week seem to be drying out,” she said. “Thanks to the warmer weather, planting doesn’t look as bleak as it did before.“This weather has really helped a lot. While there are still some wet, poorly drained fields out there, farmers are out planting now, hoping to finish by Memorial Day.”Lindsey said management recommendations don’t really change for growers who get their plants in before June. But those planting into June should increase their seeding rates or even adjust their relative maturity, she said.“For soybeans planted during the first half of June, a seeding rate of 200,000 to 225,000 seeds per acre is recommended,” she said. “When looking at relative maturity, a four-day delay in planting delays physiological maturity about one day, during the first half of June.“As planting is delayed, yield potential goes down, and there is concern about whether late-maturing varieties will mature before the first killing frost. So when planting late, growers should plant the latest-maturing variety that will reach physiological maturity before the first killing frost.”Narrow rowsRow spacing is also a consideration, Lindsey said. While growers should plant soybeans in narrow rows, between 7.5 to 15 inches, it’s even more important to adhere to narrow rows when planting in June, she said.“This is so the crops can have adequate canopy closure, which increases light interception, improves weed control by shading out weeds, and helps retain soil moisture,” Lindsey said.While it’s optimal to get soybeans planted in early to mid-May as soil temperature and moisture allows, the planting date is only one part of what determines soybean yields, she said.“Planting is just half the battle – yield really depends on what happens with the weather during the rest of the season,” Lindsey said. “One of the really critical times in terms of yields is during seed fill, which happens in August.“For example, while many soybean plants were stunted during the height of the 2012 drought, the plants were able to partially recover thanks to rainfall in August and September that worked to promote seed fill.”​ Previous articleClosing CommentsNext articleDuPont Pioneer and John Deere Help Growers to See More Green Gary Truittlast_img read more

Football aiming to come out with ‘energy’ following bye week

first_imgColin Post is a Sports Broadcasting and Journalism double-major from Houston, Texas. Along with sports writing, Colin hopes to work in sports announcing after he graduates. Twitter TCU running back Kendre Miller (33) carries the ball against Kansas State in an NCAA college football game Saturday, Oct. 10, 2020, in Fort Worth, Texas. (AP Photo/Richard W. Rodriguez) TCU places second in the National Student Advertising Competition, the highest in school history ReddIt printSince TCU joined the Big 12 in 2012, Oklahoma has dominated the conference. Of the eight Big 12 championships the Frogs have had an opportunity to win, the Sooners have grabbed six of them, with the 2017 crown coming via a 41-17 victory over TCU at AT&T Stadium.“Oklahoma is always a tough ballgame,” TCU head coach Gary Patterson said. “[If] you want to win the conference the last few years, it’s gone through Norman. Want to win the conference title? You’re going to have to beat them.”Including the 2017 title game, TCU and Oklahoma have met nine times since the Frogs left the Mountain West. The Frogs have come away victorious just one time — a 37-33 upset of the No. 4 Sooners in 2014.Nevertheless, the typically-dominant Sooners currently sit at just 2-2, leaving the quest for the 2020 Big 12 title wide open.Because of that, TCU sees its matchup on Saturday with Oklahoma as an opportunity to gain momentum and keep the team in title consideration.“You know, in the Big 12, each week anybody can get beat,” wide receiver Derius Davis said. “I think the person that’s going to win this conference is going to have two losses. So, we just have to come out this Saturday and win this game.”Whether Davis is right or not, TCU has little margin for error going forward. After falling in both of their home games thus far (Iowa State and Kansas State, respectively), the Frogs are 1-2 and seventh in the Big 12 standings.With that in mind, here are three keys to TCU coming off their bye week and getting their first win over Oklahoma in six years this weekend.1. Start fastAfter struggling at home thus far, Patterson hopes the Frogs can use their time off last weekend to start fast against the Sooners.“After playing three ball games having an off week, at the end of the day, you got to play with energy,” Patterson said. “You can tell the energy we had at Austin. [We] didn’t come out with a lot of energy at home. [We’ve] got to find a way to do that.”In their two losses this season, TCU has averaged just seven points in the first half. In contrast, the win over No. 9 Texas saw the Frogs rack up 20 points in the first 30 minutes.Oklahoma, on the other hand, has averaged just over 18 points in the first half of Big 12 games this season. If TCU keeps their habit of starting slow, they could see themselves dig into a deep hole by halftime.To avoid this, the Frogs will need to get the ball to electric players like Davis, who is averaging 13 yards each time he touches the ball this season.“I felt I can be that guy,” Davis said. “I feel like I’m a playmaker, and once I get the ball in my hands, I feel like I can take it the distance.”Patterson called the sophomore’s play this year “unbelievable.”2. Get to the quarterback If the Frogs have struggled with anything in 2020, it’s getting to the quarterback. Simply put, the defensive line has been a non-factor.TCU sits tied for dead last in the Big 12 with just four sacks this season. On top of that, the Frogs rank ninth in run defense, giving up 178.7 yards on the ground per game.While TCU’s secondary has impressed, giving up just under 200 yards passing per game, the Frogs’ inability to create chaos up front has led to Patterson’s typically-dominant defense sitting near the middle of the Big 12 standings.“We would love to have more pressure, I think anybody does,” Patterson said. “People throw the ball differently when you get a pass rush with a three or four-man rush.”In his first year as a starter, Oklahoma quarterback Spencer Rattler leads the Big 12 with five interceptions. This has largely come from the 11 sacks the Sooners have given up already. Regardless, Rattler still represents a dangerous threat. The redshirt freshman leads the conference in pass efficiency (174.0) and ranks second in touchdowns (13). To keep this threat at bay and prevent Oklahoma from dicing them through the air, the TCU defensive line will have to find a spark and show up on Saturday.3. Protect Max DugganAfter Patterson emphasized the strides his offensive line had made in fall camp prior to the season opener, TCU’s struggle to protect the quarterback has been a bit of a surprise, even after losing three starters. Horned Frog quarterbacks have been sacked ten times already in 2020, but that does not even tell the full story.Duggan rarely has time to let plays develop, leading to him often having to scramble out of the pocket and risk taking big hits from defenders.This cost TCU big-time against Kansas State, as Duggan missed two full possessions and part of a third while getting X-Rays in the locker room after getting hit by a defender.During that time, backup Matthew Downing threw a 37-yard pick six that would prove to be the game-winning score for the Wildcats.While Duggan averages just 208.7 passing yards per game, his talent level suggests that number could be much higher given more time. On top of that, a continual lack of protection for the sophomore could see him missing serious time with injury.The Horned Frogs’ tenth clash with the Sooners kicks off at Amon G. Carter Stadium at 11 a.m. on Saturday. The game will be aired on ABC. Previous articleHoroscope: October 22, 2020Next articleThe LEAP 10/22/20 Colin Post RELATED ARTICLESMORE FROM AUTHOR + posts Colin Posthttps://www.tcu360.com/author/colin-post/ Colin Posthttps://www.tcu360.com/author/colin-post/ The College of Science and Engineering Dean, Phil Hartman, retires after 40 consecutive years Colin Post Taylor’s monster slam highlights big weekend for TCU Athletics Despite series loss, TCU proved they belong against No. 8 Texas Tech Another series win lands TCU Baseball in the top 5, earns Sikes conference award Colin Posthttps://www.tcu360.com/author/colin-post/ Facebook Linkedin Colin Posthttps://www.tcu360.com/author/colin-post/ Linkedin World Oceans Day shines spotlight on marine plastic pollution Facebook ReddIt Twitter First TCU spring game since 2018 gets fans primed for a highly-anticipated falllast_img read more

Harassment of foreign reporters is becoming systematic in China

first_img News Help by sharing this information China: Political commentator sentenced to eight months in prison PHOTO: NICOLAS ASFOURI / AFP to go further March 12, 2021 Find out more June 2, 2021 Find out more China’s Cyber ​​Censorship Figures ChinaAsia – Pacific Condemning abuses Economic pressureJudicial harassmentViolence Reporters Without Borders (RSF) calls on the Chinese authorities to end their harassment of foreign reporters and their sources, which is increasing, according to a report published yesterday by the Foreign Correspondents’ Club of China (FCCC). April 27, 2021 Find out more Receive email alertscenter_img ChinaAsia – Pacific Condemning abuses Economic pressureJudicial harassmentViolence RSF_en Organisation News March 4, 2020 Harassment of foreign reporters is becoming systematic in China Democracies need “reciprocity mechanism” to combat propaganda by authoritarian regimes News Follow the news on China News Based on the responses that 114 of its members gave to a survey last December, the FCCC report said 2019 saw an increase in harassment and acts of violence against foreign journalists based in China.“The current coronavirus epidemic shows that the international community cannot do without reliable and independent news coverage, which makes the reporting by foreign correspondents on the ground more necessary than ever,” said Cédric Alviani, the head of RSF’s East Asia bureau. “We urge Beijing to put an immediate end to this unacceptable and dangerous policy of harassment.”According to the FCCC report, 82% of the survey’s respondents experienced “interference, harassment or violence,” 51% were obstructed by police or officials, 28% were placed under physical surveillance at one point or another, 44% reported that their Chinese personnel had been harassed, and 25% said their sources had also been harassed.The report also revealed that foreign correspondents are finding it harder to obtain or renew their visas, and that 12 – a record number in recent years – were given visas of unusually short duration (six months or less) in 2019.The authorities gave another example of this kind of pressure on 19 February, when the foreign ministry announced that it was expelling three Beijing-based reporters for the Wall Street Journal because their newspaper had published an opinion piece critical of China’s handling of the coronavirus epidemic that contained “racially discriminatory” language and questioned the steadiness of its economy.China is ranked 177th out of 180 countries in RSF’s 2019 World Press Freedom Index. last_img read more

President’s supporters besiege daily “El Nacional”‘s offices

first_img update : January 14 – 2002On January 11, the Inter-American Commission on Human Rights (ICHR) officially demanded that the Venezuelan Government “ensure the protection needed for El Nacional’s employees”, and also asked that an enquiry be opened in order to find and punish the authors of last week’s attack against the newspaper. The ICHR gave the government a seven day deadline to institute these measures. President Chavez reacted to this demand by expressing his “profound sadness” at the ICHR’s commitment to defend both “lies and blackmail”, referring to El Nacional’s policy. The President also stated that demonstrations against the media will continue while the media continue to “outrage the Venezuelan people”. On 9 January, President Chavez explained that the previous demonstration against El Nacional “had not been organised (by the government), but (came from) the people’s heart”. A parade of President Chavez’s supporters marched through Caracas on 13 January and stopped in front of the offices of every news medium considered unfavourable to the government and called on them to “tell the truth”. Organisation New wave of censorship targeting critical media outlets News Follow the news on Venezuela VenezuelaAmericas VenezuelaAmericas January 14, 2002 – Updated on January 20, 2016 President’s supporters besiege daily “El Nacional”‘s offices Coronavirus “information heroes” – journalism that saves lives Help by sharing this information RSF_en According to information collected by RSF, at least 100 of President Chávez’s supporters laid siege to the offices of the daily “El Nacional” for several hours on 7 January 2002. The activists chanted hostile slogans against the newspaper and threw various objects at the office’s front wall. During this time, the journalists present were also prevented from leaving the daily’s offices. The deployment of anti-riot police was necessary to disperse the activists, who claimed to be members of a “Bolivarian circle”, a popular organisation that supports Chávez. The previous evening, the president had harshly denounced the daily’s editorial line. He accused the newspaper of publishing lies about his government’s policies. Receive email alerts January 13, 2021 Find out more to go further August 25, 2020 Find out more Chávez has been making regular virulent statements against media that criticise his administration ever since he took office in February 1999. His main forum is his Sunday radio programme “Aló Presidente”, which is broadcast on the public station Radio Nacional de Venezuela. He has often accused newspaper directors of being “enemies of the people” or “manipulating information”, before promising them “lead.” In May 2000, four journalists were assaulted by supporters of President Chávez during a demonstration in his support. News News News January 8 – 2002In a letter to President Hugo Chávez, RSF protested his supporters’ laying siege to the offices of the daily “El Nacional”. The attack took place twenty-four hours after the president criticised the daily. “The president’s verbal threats are now being acted upon,” RSF Secretary-General Robert Ménard noted with concern. “This event signals a deterioration in Venezuela’s press freedom situation,” he underlined. RSF urged President Chávez to condemn the attack and call his supporters to order. Ménard demanded that an investigation be launched into the incident. Finally, the organisation also asked the president to end his virulent attacks on the press, which have led to its being the target of attacks by the public. During the Venezuelan president’s visit to Paris, France in October 2001, RSF denounced his policy of intimidating the media. Two journalists murdered just days apart in Venezuela June 15, 2020 Find out morelast_img read more

Opinion | Pasadena’s Minimum Wage: Devil in the Details

first_imgMark Maier is a Pasadena resident and professor of economics at Glendale Community College.Al Bevans is a Pasadena resident and a political campaign coordinator. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Name (required)  Mail (required) (not be published)  Website  Top of the News Subscribe Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News HerbeautyYou’ll Want To Get Married Twice Or Even More Just To Put Them OnHerbeautyHerbeautyHerbeautyBollywood Star Transformations: 10 Year ChallengeHerbeautyHerbeautyHerbeautyPretty Or Not: 5 Things You Didn’t Know About BeautyHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyVictoria’s Secret Model’s Tips For Looking Ultra SexyHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeauty 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 First Heatwave Expected Next Week Your email address will not be published. Required fields are marked * Community News On Monday, February 1, the Pasadena City Council will make a long anticipated decision about adopting a citywide minimum wage. Mayor Terry Tornek and most council members have declared their support for a $15/hour minimum wage. But the details of the actual ordinance are still up for debate. How they address those details makes a big difference in how many employees get covered and whether the law helps lift them out of poverty. In particular, the mayor and Council must decide about the timing of the increases, future cost of living increases, monitoring its impact, and enforcing its provisions. A few simple guidelines will ensure an effective ordinance.Foremost, the minimum wage needs to be uniform across the Los Angeles region. Both employers and employees are more likely to know what the law requires if it is the same in all Los Angeles cities. A uniform wage will make it easy for employers to comply with the law, reduce the cost of enforcement, and limit the amount of wage theft that is currently a serious problem. .Second, the mayor and council should adopt a minimum wage law that doesn’t require repeated legislative action. The City Council always has the ability to rescind any part of the ordinance, but it should not be required to revisit minimum wage levels. Both Los Angeles City and Los Angeles County—applicable in unincorporated areas such as Altadena—have passed plans for yearly minimum wage increases, culminating in $15/hour for all employees by 2021. After that date, the minimum wage would increase based on the local inflation rate, using a formula that is already used for Social Security and other programs.Unfortunately, some Pasadena officials appear to support an ordinance that might deviate from what already been implemented in the surrounding Los Angeles City and unincorporated parts of Los Angeles County, including Altadena. For example, a January 2016 City staff report recommends that Pasadena would re-vote on the minimum wage in 2018. That has the potential to make the Pasadena minimum wage way out of step with the City and County schedule, creating a compliance nightmare. For example, employers with multiple establishments in Pasadena, Los Angeles, and Altadena would have different rates apply and employees would face a more difficult task to know their rights.In addition, some City officials have proposed a cap to the cost of living adjustment to begin in 2022. If implemented, this plan also would put Pasadena out of step with other nearby cities. The difference between Pasadena and the Los Angeles minimum wage might only be pennies if, for example, inflation was just 1% over the cap. It makes no sense for LA to have a $15 minimum wage 2020, while Pasadena’s is, say, $14.78. This would simply make compliance and enforcement much more difficult.Even with a regional, widely-understood minimum wage, there will be some rogue employers who try to evade paying the legal wage. Employers who obey the law should not have to compete with businesses that violate the law. Responsible employers and employees alike will benefit from strong enforcement. It makes sense for Pasadena to collaborate with other cities –perhaps through an LA County agency– to educate the public and investigate local minimum wage law violations. But Pasadena, like other cities, also needs some local staff to enforce the law. That would require a small office, working with County staff, to which Pasadena employees could bring complaints, assured of support from Pasadena law enforcement and local community groups. In addition, the local law should be crafted to allow private attorneys to represent workers to make sure that they are getting the wages they are due. To deter them from violations, employers should be liable for triple damages if a court finds that they have broken the law; in those cases, attorneys should be able to collect fees.A year ago, the Pasadena Chamber of Commerce and some local officials argued that Pasadena not go it alone, but be part of a regional approach. But now the Chamber and some of their political allies are making the misleading argument that Pasadena is too different from Los Angeles, Los Angeles County, Santa Monica, and other areas that have adopted similar minimum wage laws.Even with more than 100,000 people who work in the city, Pasadena is small compared with the millions working in the surrounding areas. Some Pasadena residents who work in Los Angeles and Altadena are already benefitting from the higher wage on those areas. Some people who work in Pasadena live in the surrounding communities. That is precisely why Pasadena would be best served by following the City and County approach. That means adopting a policy to gradually raise the minimum wage to $15/hour over five years, then adjusting it annually based on the Consumer Price Index. Opinion & Columnists Opinion | Pasadena’s Minimum Wage: Devil in the Details By MARK MAIER and AL BEVANS Published on Monday, January 25, 2016 | 2:46 pm 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. Business News Make a comment More Cool Stuff EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS 5 recommended0 commentsShareShareTweetSharePin it last_img read more

Drilling into Foreclosure Data

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Foreclosure, Headlines, Market Studies, News September 12, 2017 1,436 Views The Best Markets For Residential Property Investors 2 days ago Share Save Related Articles 2017-09-12 Joey Pizzolato Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Home / Daily Dose / Drilling into Foreclosure Data Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Thirty day-plus delinquencies are down 0.8 percent year-over-year, according to the July CoreLogic Loan Performance Insight report. In June of 2016 the 30-plus delinquency rate was 5.3 percent—that figure dropped to 4.5 percent in June of 2017.The foreclosure rate also dropped to a 10 year low, at 0.7 percent according to the report. “After peaking at 3.6 percent in December of 2010, June foreclosure rate was the lowest in 10 years,” said Frank Martell, President and CEO of CoreLogic. “Across the 100 most populous metro areas, the foreclosure rate varied from 0.1 percent in Denver-Aurora-Lakewood to 2.2 percent in New York-Newark-Jersey City.”On a national scale, the percentage rate of delinquency dropped year-over-year in almost all stages. Loans that were 30-59 days past due dropped from 2.1 percent in 2016 to 2.0 percent in 2017. Similarly, loans that were 60-89 days past due dropped to 0.6 percent from 0.7 percent. Loans 120-plus days past due had the largest change, dropping to 1.6 percent from 2.2 percent a year prior. Loans that were 90-119 days past due remained unchanged at 0.3 percent.By state, serious delinquencies were down in every state except Alaska and North Dakota, where they saw an increase and no change, respectively.According to the report, drops in delinquencies across the board, as well as an increase in payroll jobs, bodes well for the U.S. housing market in the coming years. “The CoreLogic Home Price Index increased 6 percent and payroll employment grew by 2.2 million jobs in the year ending June 2017, supporting further declines in delinquency rates,” said Dr. Frank Nothaft, Chief Economist at CoreLogic. “The forecast for the coming year includes 5 percent home-price appreciation and further job growth, putting renewed downward pressure on mortgage delinquency rates.”You can read the full report here, and the press release here. Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Joey Pizzolato Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Risk Change Since Dodd-Frank Next: Housing Market Remains Strong: Great Time to Sell Drilling into Foreclosure Data Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Subscribelast_img read more