Mauritius Oil Refineries Limited (MOR.mu) HY2013 Interim Report

first_imgMauritius Oil Refineries Limited (MOR.mu) listed on the Stock Exchange of Mauritius under the Food sector has released it’s 2013 interim results for the half year.For more information about Mauritius Oil Refineries Limited (MOR.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Mauritius Oil Refineries Limited (MOR.mu) company page on AfricanFinancials.Document: Mauritius Oil Refineries Limited (MOR.mu)  2013 interim results for the half year.Company ProfileMauritius Oil Refineries Limited deals in the production and distribution of edible crude oils, which includes the refinery, packaging and marketing of the finished products. The company also engages in the manufacturing of metal cans and plastic containers. Moroil operates through its subsidiaries, wholly owned Proton Limited, engaged in the rental services; Metal Can Manufacturers Limited, a metal containers manufacturer, in which it holds a 50.11% stake, as well as Pharmalab Plastic Supplies Limited, a plastic bottles manufacturer, in which the Company holds a 51.22% stake. The company has divided its activities into segments, which include oil products, metal cans and plastic containers, imported food products, and others. Mauritius Oil Refineries Limited is listed on the Stock Exchange of Mauritius.last_img read more

2 Warren Buffett-style FTSE 100 stocks I’d buy today

first_imgSimply click below to discover how you can take advantage of this. 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. Edward Sheldon, CFA | Wednesday, 8th July, 2020 | More on: HL SGE “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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 Edward Sheldon, CFA Edward Sheldon owns shares in Sage and Hargreaves Lansdown. The Motley Fool UK has recommended Hargreaves Lansdown and Sage Group. 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.center_img Our 6 ‘Best Buys Now’ Shares Warren Buffett has made a lot of money with a very straightforward investment strategy. Buffett simply looks for high-quality businesses that have strong competitive advantages, are very profitable, are not drowning in debt, and are not trading at crazy valuations. Then he invests in them for the long term. It’s a really simple strategy that literally anyone can replicate. With that in mind, here’s a look at two Warren Buffett-style FTSE 100 stocks I like the look of right now.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…This stock has a fantastic track record Sage (LSE: SGE) is a provider of cloud-based accounting and payroll services. It has a global reach, serving millions of businesses across the world.Sage ticks a number of boxes when it comes to Warren Buffett’s criteria. Firstly, it has a strong competitive advantage. Once businesses sign up for an accounting system, they’re unlikely to switch to a competitor any time soon as that would require a huge amount of time and effort.Secondly, the company is highly profitable. Over the last five years, return on capital employed (ROCE) has averaged 18%.Thirdly, Sage has a strong balance sheet with a low level of debt relative to equity.Finally, the FTSE 100 company has an outstanding dividend growth track record. While many companies have suspended or cancelled their dividends this year, Sage has actually increased its payout.All in all, Sage is very much a high-quality business. I think it’s a classic Warren Buffett-style company. At its current valuation (its forward-looking P/E ratio is 26.1), I see it as a buy.One of the most profitable firms in the FTSE 100Hargreaves Lansdown (LSE: HL) is the UK’s largest investment platform. The company has around 1.4m active clients and has assets under administration of nearly £100bn.This FTSE 100 company also ticks a lot boxes on the Buffett checklist. For starters, it has a number of competitive advantages. One is its huge market share in the retail investment management industry. Its share of the UK investment platform market is over 40%. Another is that, like Sage, it enjoys an element of customer ‘stickiness’. Once you have your investment portfolio set up on a platform, it’s a hassle switching to another provider.Hargreaves Lansdown is also a very profitable company. In fact, it’s one of the most profitable companies in the entire FTSE 100 index. Over the last five years, ROCE has averaged 79%.In addition, the company has a very strong balance sheet. It literally has no long-term debt on its books, which is an impressive achievement.Hargreaves Lansdown is not the cheapest stock in the FTSE 100. Currently, it trades on a forward-looking P/E ratio of 27.7 if we use the consensus earnings figure for the year ended 30 June 2020. But the stock is well below its 52-week highs. That kind of out-of-favour share price weakness could appeal to Warren Buffett. 2 Warren Buffett-style FTSE 100 stocks I’d buy today Image source: The Motley Fool 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 Addresslast_img read more

Stock market investing: should I worry about a FTSE flash crash?

first_img Enter Your Email Address Image source: Getty Images The US and European stock markets suffered a micro flash crash on Tuesday. Is this something that I should worry about as an investor? And will it affect FTSE 100 stocks?What is a flash crash?When the stock markets are open, buyers and sellers are constantly trading equities. This includes retail investors, institutional investors, and hedge funds. Nowadays this happens too quickly to comprehend, large numbers of orders take place in fractions of a second. One branch of this is known as high-frequency trading. Powerful computers make the trades, and as prices fluctuate, they’re actioned depending on pre-determined instructions and market conditions. A flash crash is when prices dip exponentially low for a short period.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…How does a flash crash happen?A discrepancy in high-frequency computer trading leads to a sudden influx of sell orders, which rapidly magnifies price drops causing a flash crash. As the prices dramatically decline, they trigger further stop losses and the situation escalates until buy orders are triggered and the situation reverses. It’s a flash crash rather than a regular stock market crash if the market recovers within several minutes.Many traders use margin, which means they borrow money to trade, similar to a bank overdraft. The broker has algorithms set up that flag any major losses, automatically closing trades. This is the sort of situation that can exacerbate a flash crash. So, for long-term investors, the occurrence of a flash crash is less of an issue than it can be for day traders.That’s because long-term investors are much less likely to be trading on margin. Plus, investing for the future means choosing quality companies that stand the test of time. All shares experience some level of volatility, but by focusing on investing in companies with a solid business model and competitive outlook, wealth accumulation is more likely.The micro flash crash this week is being blamed for an index-wide drop felt across financial markets globally. This included the FTSE 100. It happened around midday in Europe and simultaneously affected the Wall Street futures market in New York. Nevertheless, this is not something I’d worry about as a long-term investor.A FTSE 100 stock for the futureFor instance, a FTSE 100 stock I’m happy to hold in my Stocks and Shares ISA through a market crash is Unilever (LSE:ULVR). That’s because it’s been established for 92 years. It manufactures many household brands, and I think it will continue to stand the test of time. The Unilever share price has been subject to extreme volatility over the past five years. And it’s declined over 13% since October. Earnings per share are 185p, it has a 3.5% dividend yield, and its price-to-earnings ratio is 22. 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. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Stock market investing: should I worry about a FTSE flash crash? Our 6 ‘Best Buys Now’ Shares Kirsteen owns shares of Unilever. The Motley Fool UK has recommended Unilever. 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. Kirsteen Mackay | Wednesday, 5th May, 2021 | More on: ULVR The company did surprisingly well last year as the pandemic increased grocery and FMCG shopping budgets. Thus, it sees value in rewarding shareholders by starting a €3bn share buyback programme this month.In emerging markets, particularly China and India, Unilever has been performing strongly, but Europe and Southeast Asia are still being hurt by Covid-19. And with the situation in India worsening, progress there might not be so good in the months to come.The pandemic continues to pose a challenge, but overall, I think Unilever is positioned for long-term growth. It’ the kind of long-lasting company for which flash crashes are an irrelevance. 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. See all posts by Kirsteen Mackaylast_img read more

Finals day: Where the games will be won and lost

first_img By Alex ShawIt’s finals weekend in the Aviva Premiership and Guinness Pro12 and though the prospect of international rugby looms large, all eyes will be on Twickenham and this Saturday for the conclusion of the domestic seasons in Britain and Ireland.The two finals actually share a few similarities, with established and successful teams from their respective capitals taking on underdogs from the West, who have risen gradually through the ranks to prominence over the last few years.Saracens vs Exeter Chiefs (3pm KO, Twickenham)Saracens are not only aiming to defend their Premiership title, but also to complete the double, having already won the European Rugby Champions Cup this season. As for Exeter, this trip to Twickenham will mark the first time that the Chiefs have made it to a major final in the club’s history, capping a remarkable journey that has seen them transition from relative obscurity to European quarter-finalists.We take a look at three pivotal battles that will help decide who is crowned England’s champions on Saturday.Exeter are fairly predictable as teams go but just because their opposition know what the club from Devon will throw at them, doesn’t necessarily mean that they can stop them. The Chiefs love to play the corners and set-up the driving maul and when the opportunity arises on Saturday, they will undoubtedly take the option to do just that.Can Saracens stop that driving maul?Power-game: Maro Itoje and the Sarries pack take some stoppingA little shine may have come off of Saracens’ defence since Paul Gustard’s departure, but they are still one of the most effective and well-drilled defensive sides in club rugby. Saracens were the only side in the Premiership to do the double over Exeter this season but the Chiefs were able to hurt Saracens with the driving maul at Allianz Park and they could do so again at Twickenham, even with their try-scoring No 8, Thomas Waldrom, sidelined with injury. Keeping the ball out of Maro Itoje’s pilfering hands at the lineout will be vital for Exeter.Saracens’ winning mentalityConversely, will Exeter’s defence be able to deal with Saracens’ unparalleled ability to switch from bulldozing in the tight to clinical play out wide? The North Londoners may have made their name and started their climb to success through uncompromising defence and set-piece efficiency, but they have been the full package for a while, and have turned into a battle-hardened machine, able to eke out Final wins.Opportunist: Chris Wyles crosses the whitewash against the Chiefs earlier this seasonIf Saracens can get front-foot ball from their pack and Brad Barritt on first and second phase, there will be opportunities for the likes of Duncan Taylor, Chris Wyles and Chris Ashton to exploit overlaps and mismatches, and those are opportunities that they usually take with relish.The aerial battleFor two teams who have such effective packs it may seem an odd suggestion, but the battle between the two full-backs will undoubtedly have a significant say on how this game unfolds. In Alex Goode and Phil Dollman, the clubs have arguably the two most consistent full-backs in the Premiership this season and their respective skill-sets will be vital to their team’s chances of success.Line-breaker: The intelligent running of Phil Dollman could trouble SaracensSaracens love to restrict the space their opposition has to work in with their stifling blitz defence and Dollman’s proclivity for hitting the line will give Exeter an extra option to work with. If Dollman can stay deep and wide enough, he should be beyond the reaches of the defenders Saracens send up to force the play back inside. As for Saracens, the European champions don’t have a Henry Slade in their midfield, capable of pulling the strings and making all the passes, and this is where Goode’s playmaking skills can come into effect. With Barritt and Taylor offering carrying options and lines that draw defenders, Goode can be the link man between the half-backs and the wings. It will be interesting to see which full-back can exert more of an influence on the game.Leinster vs ConnachtThe side from Galway have won over the hearts and minds of almost everyone this season, playing with carefree abandon with the ball-in-hand and they are now on the cusp of history, with only four-time League winners Leinster standing in their way. The Dubliners, meanwhile, are eyeing up a title which will separate them from the Ospreys and make them the most successful side in the competition’s history.Here are three areas where the game could be won or lost at BT Murrayfield, in a match that will mark the end of the Home Nations’ domestic seasons.Connacht need to keep calm and play their gameConnacht have developed an admirable brand of rugby under the watchful eye of Pat Lam, but they cannot afford to lose their heads in pivotal situations. As much as their expansive style of play, typified by Bundee Aki, has helped them put away teams this season, it has also opened them up defensively, most notably so in their European quarter-final against Grenoble.Man of the people: Bundee Aki celebrates after their semi-final win against GlasgowThey had the game all but won before two late tries and a drop goal secured the French side a one-point victory. Connacht will need to recognise when to keep pushing and when to tighten up on Saturday, especially if they are leading or trailing by less than a score in the second half.Leinster’s counter-attack will be keyFor Leinster, Connacht’s ambition opens up the possibility of using the counter-attack as a significant weapon. Whether it comes from returning kicks, isolating runners and turning ball over or attacking the opposition set-piece, Leinster need to be ready to take advantage of any lack of defensive shape or organisation among the attack-minded Connacht squad.Danger man: Ben Te’o’s powerful running and offloading ability will be keySupport runners need to be on the shoulders of the likes of Ben Te’o and Jamie Heaslip at any point they find themselves up against defenders who are frantically repositioning themselves after being on the offensive. Counter-attacking in such a manner only adds to the tempo of a game and whilst that will play into the hands of Connacht if those opportunities are not handled well, Leinster have the players capable of turning those moments into tries.Will the Dubliners slow the game down?Speaking of tempo, Leinster cannot be afraid to take tempo out of the game at the right times and make it a more staccato affair. The side from Dublin have the set-piece edge and they have a squad littered with European and Pro12 winners, not to mention an abundance of international caps, most of whom tend to thrive under pressure and have very good game-management skills.Setting the tempo: The experience of Eoin Reddan could prove pivotal for LeinsterConnacht have been serving an apprenticeship this season in fast-paced, expansive games and it’s an area where they shone brighter than anyone else in the Pro12. If Leinster try to out-gun Connacht, they could quickly come unstuck. Slowing the game down to keep Connacht at bay will not only play into their wheelhouse of having the bigger and more experienced pack, it will also frustrate the men from the West coast. Scrum-half Eoin Reddan will have a big say on how Leinster go about dealing with the challenge that Connacht pose. If it’s clearly on out wide, then Reddan needs to let them play, but he should not be afraid of letting his forwards soften up the defence, repeatedly, before he attempts to unleash Jonathan Sexton and the rest of the Leinster back line. TAGS: LeinsterSaracens center_img LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Silverware will be lifted and hearts broken tomorrow as the Aviva Premiership and Guinness Pro12 Finals are wrapped up, but what are the game’s key talking points?last_img read more

Institute of Fundraising criticises lottery grant for school meals programme

first_imgInstitute of Fundraising criticises lottery grant for school meals programme Howard Lake | 3 April 2005 | News 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.  11 total views,  1 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 “We would urge Government to preserve the independence of the Big Lottery Fund”, said Mr Boswell. “One of the Fund’s core principles is to ensure that funding is additional to Government spending and this principle must be preserved. Lottery money should not be used on projects that should be funded from general taxation or that stem from Government policy making.”He pointed out the importance of this approach in the context of an imminent announcement of a General Election. “All political parties should respect the independence of the Fund and this is too important an issue to become just another bargaining chip during the pre-election period.”A Big Lottery Fund spokeswoman told The Guardian: “We don’t understand the Institute of Fundraising’s position on this. We’ve always been clear about our support for programmes encouraging healthier communities.” The Institute of Fundraising has criticised the use of £45 million of Big Lottery Fund money for the Government’s new Schools Food Trust, announced last week by the Department for Education and Skills following TV chef Jamie Oliver’s campaign for healthy school meals.Lindsay Boswell, Chief Executive of the Institute of Fundraising, said: “It’s a disgrace that the Government is proposing to use Lottery money to fund this new body. Anyone who buys a lottery ticket believes that their money is going to good causes, rather than setting up new Government-led bodies or initiatives. This move will undoubtedly see UK charities missing out on millions of vital income.”The independence from government priorities of the Big Lottery Fund, a merger of the National Lottery Charities Board and the New Opportunities Fund, has been a concern of many voluntary sector organisations. Advertisement read more

Venezuelan court convicts the CITGO Six

first_imgVenezuela’s Supreme Court sentenced six top CITGO oil executives to prison for corruption, embezzlement, money laundering and conspiracy on Nov. 26. The former executives went behind the back of the Venezuelan state and signed an agreement with two U.S. based-international financial companies — for which they were detained in Nov. 2017. They used CITGO, the Venezuelan-owned company, as collateral for loans of up to $4 billion. They have been held in Venezuela for three years.PDVSA workers, Caracas, Venezuela, January 2017Venezuelan Attorney General Tarek William Saab said that by signing the contracts without the permission from the Venezuelan government, the former executives greatly “jeopardized the country’s assets.” (tinyurl.com/y69qw23a) They exposed CITGO to a possible criminal breach of the contracts they signed.Jose Pereira, CITGO’s former president, was sentenced to 13 years and 7 months and fined 40% of the total amount embezzled. The other five executives will each serve 8 years and 10 months.Although they were born in Venezuela, five of the executives had worked in the U.S. for many years. They had been awarded U.S. citizenship and dual nationality, and the U.S. media refers to them as “American oil executives.” (tinyurl.com/y5u5wjhc)Secretary of State Mike Pompeo and Vice President Mike Pence condemned the convictions, calling the six “political prisoners,” and demanded they be returned to the U.S. This kind of special attention by the U.S. was not awarded to the two ex-Green Berets found guilty for the mercenary attack on Venezuela in May. The U.S. military veterans were captured by the Bolivarian government and are now serving a 20-year sentence in Venezuela. (tinyurl.com/y4mnotqo)There was hardly any response by U.S. officials, except for a brief visit to Venezuela by former New Mexico governor and U.N. Ambassador Bill Richardson, who tried to negotiate their release. Venezuela’s oil industry is a major asset of the government, accounting for about 95% of the country’s export earnings. CITGO, a majority-owned and controlled company, is the property of the Venezuelan state-owned oil company, Petróleos de Venezuela (PDVSA), which exports 41% of its crude oil exports to the U.S. Venezuela is one of the top four suppliers of crude oil to the U.S. CITGO, the eighth largest U.S. refinery, supplies 4% of U.S. fuel through a network of some 5,000 gas stations in 30 states. In 2019, the U.S. imposed increased sanctions on Venezuela. Trump announced that all Venezuelan assets including  CITGO, worth $7 billion, would be withheld (stolen) from the Venezuelan government. The profits from CITGO are being channeled to U.S. puppet Juan Guaidó. The looting of CITGO is part of the manipulation and increased effort to replace President Nicolás Maduro, the popularly elected president of Venezuela, with the self-proclaimed “Interim President” Guaidó. Many forces in the left think these recent actions by Maduro to rein in the most bourgeois elements are long overdue. FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Shrinking the Racial Wealth Gap Depends on Housing Factors

first_img-0.3pp 3.1pp Shrinking the Racial Wealth Gap Depends on Housing Factors -41.7% -29.4pp -32.3pp $325,144 -36.3pp 48.8% Black Home-ownershipRate Gap,Relative toWhiteHouseholds 34.8% -16.4% -25.4pp United States 42.0% Detroit, MI $450,661 -14.4% -31.4pp 1.1pp 32.4% -1.7pp $275,607 Pittsburgh, PA Servicers Navigate the Post-Pandemic World 2 days ago $575,152 $281,640 The Best Markets For Residential Property Investors 2 days ago Virginia Beach, VA Birmingham, AL -37.1pp -0.5pp $149,249 -10.1% -25.9pp Washington, DC 34.9% Dallas, TX San Diego, CA $460,855 0.3pp 29.0% 36.0% Los Angeles, CA -27.1pp 43.9% -12.6% -1.7pp Riverside, CA $112,383 $144,763 $228,125 2.7pp Oklahoma City, OK 1.3pp Miami, FL -0.5pp 46.2% $203,186 $309,412 0.8pp Governmental Measures Target Expanded Access to Affordable Housing 2 days ago $119,877 $193,425 0.0pp $109,471 -48.4% -25.0% -34.3pp 43.4% -0.6pp Phoenix, AZ -18.0% $453,275 -0.7pp Atlanta, GA New Orleans, LA $457,693 43.4% 0.5pp $187,204 -16.9% 1.0pp 1.7pp -16.0% -32.4pp Cleveland, OH Demand Propels Home Prices Upward 2 days ago -1.3pp Data Provider Black Knight to Acquire Top of Mind 2 days ago -18.4% Minneapolis, MN -40.5% 2.9pp 50.6% $946,828 $132,732 Sacramento, CA 29.2% -35.7pp -33.1pp -44.6% 46.8% -4.5pp $1,249,840 -19.2% -38.5pp 33.3% Servicers Navigate the Post-Pandemic World 2 days ago TypicalBlack-ownedHome Value -34.7pp 25.6%  Print This Post -3.5% -16.1% Tampa, FL 44.0% 2.3pp 5.7pp -31.7pp -13.4% Saint Louis, MO -12.0% $177,240 -7.8% $169,079 $229,182 2.6pp 0.4pp -14.1% 39.0% $434,097 35.3% -31.5pp -2.0% -32.8pp -25.9pp -32.8pp -24.4% $452,920 -4.2pp Seattle, WA -0.3pp -30.2pp $210,964 $137,797 -34.8pp Change inBlack Home-ownershipRate 2018to 2019 -22.7% $138,280 Jacksonville, FL $273,822 $186,774 -30.9pp -43.4pp 44.5% -19.1% New York, NY Las Vegas, NV 8.6pp $250,373 42.2% $436,440 -34.3pp 2.9pp Share Save 36.9%center_img -6.4% 0.2pp -31.6pp -22.9pp The Week Ahead: Nearing the Forbearance Exit 2 days ago -4.6pp -24.5% -30.2pp -20.8% -40.1pp 44.7% 38.6% -0.4pp -9.2% $111,050 April 26, 2021 573 Views 0.6pp $325,660 Hartford, CT -13.1% Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: HUD, City Leaders Discuss $5B to Further Housing Security Next: What is Preventing Homeowners from Selling? -33.3pp 1.3pp -17.1% $284,090 -26.1% 45.0% Charlotte, NC -33.8pp MetropolitanArea (Top 50) Philadelphia, PA -25.4% 0.0pp -26.5pp -12.8% 2.0pp San Jose, CA 36.8% 29.7% -39.1pp -4.3pp -1.6pp $229,187 $299,816 39.4% -24.8pp -37.9pp $618,485 -21.9pp -35.6pp Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. The gap between Black and White wealth historically has been significant, due in large part to housing and lingering effects of past housing policies and systemic injustices, such as redlining. During 2020, in the midst of a global pandemic, those gaps—both homeownership and related wealth—have been shrinking, and the researchers at Zillow say, with certain housing factors falling into place, the racial wealth gap could continue to shrink.”Incremental increases in homeownership rates and home values among Black households would help shrink the current $3 trillion racial wealth gap by hundreds of billions of dollars over the next decade,” according to a new Zillow analysis.2021’s average Black household has only about 23% of the wealth of a typical white household, down from 34.6% before the Great Recession. Housing factors—including lower home values and rates of homeownership—directly account for nearly 40% of that gap, with assets such as investments in stocks and bonds and retirement accounts making up the rest. -25.2pp About Author: Christina Hughes Babb -24.8pp -31.9pp 41.3% in Daily Dose, Featured, Market Studies, News -25.9% 0.6pp 37.2% -21.8pp 27.5% -40.9% San Antonio, TX Baltimore, MD Orlando, FL -23.2% -37.0pp -35.8pp 34.6% Richmond, VA -27.3pp Milwaukee, WI Chicago, IL $183,115 0.8pp Demand Propels Home Prices Upward 2 days ago Black-OwnedHome ValueGap, Relative toWhiteHouseholds Providence, RI Houston, TX Subscribe 0.1pp 40.1% 0.9pp -48.3% Kansas City, MO -34.0pp 26.7% -28.4pp -24.1% 2.2pp -13.0% Related Articles San Francisco, CA 2.3pp 48.7% Louisville, KY 37.0% 5.6pp -31.4% -33.6pp -27.3% Raleigh, NC -1.6pp $230,037 Denver, CO $267,719 -12.4% -8.7% Indianapolis, IN 36.3% 47.9% 34.3% $218,434 31.4% -11.4% -26.2pp $230,564 $244,099 Columbus, OH -24.1% Cincinnati, OH -41.7pp 43.1% 48.5% Portland, OR Buffalo, NY 36.0% $112,217 -1.0pp 49.6% -41.9% -34.1% 43.1% 28.4% Austin, TX “Housing will be a prominent factor determining the course of the racial wealth gap over the next decade,” says Zillow economist Treh Manhertz. “The issues caused by historic discrimination won’t be solved quickly, but addressing things like increasing access to credit, more equitable lending standards and reducing exclusionary zoning could make buying more accessible and bring significant strides toward closing the wealth gap. In the most optimistic scenario, Black millennials could see housing equality in their retirement, and finally pass on some real wealth to the next generation.”Unlike the disproportionate hit taken during the Great Recession, Black households saw modest progress in narrowing the wealth gap during and leading up to the pandemic. Black-owned home values have also grown just over one percentage point faster than white-owned home values each year for the last three years.Still, even today, lenders deny mortgages for Black applicants at a rate 80% higher than that of white applicants. The relationship between housing factors and the racial wealth gap underscores the urgency of efforts like expanding access to credit and other initiatives that break down color barriers to homeownership.”It’s abundantly clear that this issue won’t solve itself naturally or quickly. The problems run deep and perpetuate inequality,” said Manhertz. “Intentional, targeted and dedicated policy is necessary to repair this broken system.”Zillow broke it down by state (you can view the entire report at Zillow.com). 0.6pp $504,819 47.3% Boston, MA $175,428 0.1pp -22.0% 2021-04-26 Christina Hughes Babb BlackHome-ownershipRate 39.8% Memphis, TN -18.3% 0.3pp $218,837 -30.9pp Home / Daily Dose / Shrinking the Racial Wealth Gap Depends on Housing Factors The Best Markets For Residential Property Investors 2 days ago -50.8pp $251,718 37.4% -26.1% -0.8pp Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Nashville, TN Sign up for DS News Daily 45.5%last_img read more

Authorities plead for community’s help in identifying man who fatally shot 7-year-old riding in car

first_imgKTRK-TV(HOUSTON) — Police in Harris County, Texas, are continuing their search for the man who opened fire on a car full of children, killing 7-year-old girl Jazmine Barnes and injuring her mother, as the group made an early morning coffee run on Sunday.“Our belief [is] that it was totally unprovoked,” Harris County Sheriff Ed Gonzalez said of the shooting during a news conference Monday.He added police were leaving “every motive out there” and trying to piece information together.Jazmine’s mother, LaPorsha Washington, 30, said from her hospital bed Monday that she and her four daughters, ages 6 to 15, had been looking for a coffee shop at around 6 a.m. on Sunday, Dec. 30. She said they had not been to Walmart, or to the store’s parking lot.As she passed the Walmart in search of coffee, Washington said she stopped the car at a red light and prepared to start moving when the gunfire began.“Gunshots was fired into my car. … And then he didn’t just stop there. He sped up in front of us and still continued to fire at us,” Washington told ABC News station KTRK-TV in Houston. “I have no tint on my windows. You can see directly in my car. He’s seeing five women in this car. Children in this car. Females, young children in this car and he intentionally fired off into my car and kept firing. He has no heart. He has no heart.”Jazmine, who was in the backseat with her two sisters, was killed around 6:50 a.m. and Washington was shot in the arm, police said. Several shots were fired but it is still unknown what kind of weapon the shooter used, police said Monday.Gonzalez said there had not been any “linkages” at this point to Sunday’s shooting and others that had occurred in the area previously.Washington said when the shots began, she immediately tried to protect her oldest daughter who was sitting in the front passenger seat.“I told everybody to get down in the car and I reached over to protect my oldest cause she was right next to me. The shots came through my window. It broke my glass. I don’t even know how my baby got shot,” she told KTRK-TV.“She [daughter] said ‘Mama, Jazmine’s not moving. She’s not talking,’” Washington told KTRK-TV. “I turned around and my 7-year-old was shot in the head. We didn’t cut nobody off. We was not in Walmart parking lot. We did not stop at Walmart. The accusation of me getting into a confrontation at Walmart is all lies. I never stopped at Walmart.”Washington’s 6-year-old daughter suffered glass-fragment injuries. The teens weren’t hurt, but they were “shaken” and “devastated,” authorities said Sunday.The suspect was described as a bearded white man, possibly in his 40s, wearing a red hoodie and driving a four-door, red or maroon pickup truck, officials said.Authorities urged residents and businesses to look at their surveillance systems to see whether their cameras picked up something to do with the shooting. The sheriff’s office urged anyone with information to call 911, tweet at @CrimeStopHOU or call 713-222-TIPS.“We need to make sure we get this killer off the streets,” Gonzalez said.Jazmine, a second-grader, was just months away from a February birthday.“For this man to come out of the parking lot and fire all shots at me and my kids was totally wrong…We didn’t do anything wrong,” Washington said, through tears. “I need everyone to pull together to get justice for my child, because she did not deserve what happened to her. She was innocent. She did not deserve this.”Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Deutsche Bank seeks ‘flexible’ employer brand

first_imgDeutsche Bank seeks ‘flexible’ employer brandOn 26 Feb 2002 in Personnel Today Comments are closed. Previous Article Next Article Deutsche Bank plans more movement of staff across divisions and countriesand the introduction of an internal headhunter, after a survey revealed thatstudents saw the company as conservative and hierarchical. The survey, last autumn, of 1,200 high potential students in 50 universitiesworldwide showed the bank scored well against its competitors in most criteria.However, it was perceived as poor at encouraging creativity and its Germanparentage was viewed negatively in most countries. “In all countries except the US we are seen as German in a negativesense of the word,” director of strategic talent Michael Reutenberg said,referring to the bank’s conservative reputation. Reutenberg is leading an initiative to strengthen the bank’s employer brandand global presence by giving staff more opportunities to move within thecompany. This year Deutsche Bank will run worldwide employer of choice focus groupsaimed at understanding the perception of employer brand internally. It willalso develop a talent database to improve the transparency of talented staffacross divisions and regions. An internal headhunter and talent scouts will be introduced to offer staffmore options. The survey found that the top priority for high-potential students was for achallenging job. This was followed by good atmosphere, promotion and career opportunities,engaging content of work and chances to implement their own ideas. Related posts:No related photos.last_img read more

Serena Williams wins 100th US Open match

first_imgSeptember 4, 2019 /Sports News – National Serena Williams wins 100th US Open match Written by FacebookTwitterLinkedInEmailJoe Faraoni / ESPN Images(NEW YORK) — Serena Williams cruised to a speedy victory Tuesday night in the women’s quarterfinals to notch her 100th U.S. Open match win. Williams opened the Arthur Ashe Stadium program, defeating Qiang Wang 6-1, 6-0 in just 44 minutes in front of a packed house.The eighth-ranked Williams earned the historic win 30 years to the day Hall of Famer Chris Evert won her tournament record 101st match. Now, the tennis legend has just two matches left between her and a seventh U.S. Open singles championship title.Williams is also the last American — woman or man — standing in Flushing Meadows in hopes of taking home the fourth and final Grand Slam title of the season. The 23-time Grand Slam champ will face fifth seed Elina Svitolina, who previously upset Williams at the 2016 Rio Olympics.Williams’ last U.S. Open title came in 2014, but she has made it to at least the semifinal round at every U.S. Open she has played since 2007. The electric atmosphere continued for the men’s match, where unseeded Bulgarian Grigor Dimitrov battled and defeated Roger Federer in five sets to close out the evening.Copyright © 2019, ABC Radio. All rights reserved.center_img Beau Lundlast_img read more