Promotional Nightmares: part one

first_img Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Slot Machines Casino & games Promotional Nightmares: part one Subscribe to the iGaming newsletter Topics: Casino & games Legal & compliance Marketing & affiliates Sports betting Slots Horse racing Regions: Europe UK & Ireland Nordics Southern Europe Denmark Italy Spain 18th February 2019 | By contenteditor New restrictions on gambling advertising are being proposed or brought into force as more European regulators attempt to address growing public concerns regarding its prevalence. But will they have the desired impact on addiction figures? New restrictions on gambling advertising are being proposed or brought into force as more European regulators attempt to address growing public concerns regarding its prevalence. But will they have the desired impact on addiction figures?During 2018, more European regulators moved to build a breakwater in a bid to stem a perceived tide of gambling advertising.In the UK, operators attempted to seize the initiative and avoid regulatory action with a so-called ‘whistle-to-whistle’ ban on advertising around live sport broadcasts. In Italy the country’s coalition government is embroiled in a battle with operators over a raft of restrictions on advertising and sponsorship deals.The Spanish government is looking to impose the same restrictions on gambling advertising as it has on the promotion of tobacco products. Even Denmark, once hailed as the most transparent and effective regulatory regime, has launched a consultation that aims to significantly limit how and where its licensees can promote their products.All moves are predicated on the same argument from authorities: gambling advertising is too prevalent, has resulted in more people developing problems, and has led to minors being exposed to age-restricted products.Recent events suggest the industry has hardly covered itself in glory, particularly in the UK. The GB Gambling Commission has issued around £47m in fines and penalties to operators for a litany of social responsibility failings.Many of these have seen self-excluded and at-risk players allowed to gamble, as well as using stolen funds to play. As outgoing Remote Gambling Association CEO Clive Hawkswood says, a gambling company can do 99 things right but will be pilloried for the one it gets wrong.This does not explain why advertising in particular has come under the cosh, especially when problems appear to lie elsewhere within a gambling business. Some have suggested that it all stems from gambling being an emotive subject.After all, Hawkswood also points out that most politicians will be moved to act by emotive stories of lives destroyed by problem gambling or addiction.The natural reaction to some of the more hysterical accusations thrown at the industry by the tabloid press and activists is to provide an evidence-based rebuttal. Yet this approach hardly served the Association of British Bookmakers well in its battle against the Campaign for Fairer Gambling over FOBT stake limits.As Hawkswood says, cold, hard figures will never have the same power as seeing or hearing of what gambling addiction has done to an individual’s life.It only takes one person suffering from problems for lawmakers to act. Therefore when a study finds that gambling addiction rates have not increased in ten years, they do not see that the problem is being kept under control. They see evidence that more needs to be done to reduce the numbers.For example, as Danish Online Gaming Association chief executive Morten Ronde points out in this issue, advertising restrictions proposed in that market are largely a result of a perceived increase in the number of problem gamblers.While this does not denote actual gambling addicts – that requires a psychological evaluation – it does suggest a growing problem.This, however, is often not the case. Due to regulation and more frequent market studies, surveys are casting a wider net and getting a better idea of how individuals in each regulated market gamble, how much they gamble, and ultimately how much is too much.It could be argued that advertising is being targeted as it is the industry’s point of contact with the general public, presumably based on the rationale that the less visible an industry is, the less dangerous it can be.These two opinions – and any resulting action – could, however, combine to make the situation much worse. If gambling is effectively pushed into the shadows, similar to tobacco, players may be unwilling to share information about their habits.Legislating the igaming sector into a corner could also have a knock-on effect of channelling players towards unlicensed operators, at a time when increased acceptance and effective regulation appear to be offering greater insights into gambling behaviour than ever before.Ultimately, as UK Advertising Association chief executive Stephen Woodford points out, restrictions only serve to address consequences, rather than causes, of wider problems.“Blanket advertising bans have little impact on the wider societal issues that drive issues such as problem gambling, which are often caused by the interaction of many complex factors and require a multi-faceted solution targeted at local or even individual level,” he explains.Woodford points out that far from adding to the problem, gambling advertising could actually be part of the solution. “It is important also to note advertising’s role in driving positive behaviour change to address gamblingrelated problems,” he says. “The upcoming campaign about the risks of problem gambling, funded by industry and run by GambleAware, is a good example of this in action.”In part two of Promotional Nightmares, published tomorrow, iGamingBusiness.com will look at the unintended impact of advertising bans, potential alternatives to blanket prohibition and whether tackling advertising really gets to the root of the problem. 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G4S Botswana Limited (G4S.bw) 2006 Presentation

first_imgG4S Botswana Limited (G4S.bw) listed on the Botswana Stock Exchange under the Support Services sector has released it’s 42006 presentation For more information about G4S Botswana Limited (G4S.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the G4S Botswana Limited (G4S.bw) company page on AfricanFinancials.Document: G4S Botswana Limited (G4S.bw)  42006 presentation Company ProfileG4S (Botswana) Limited provides security solutions for individual and business needs in Botswana. It operates in the following sectors: Manned Security provides integrated security solutions to airports, energy, mining, construction, custodial services, cash solutions, hospitality and financial institutions; Security Systems provides a service to monitor alarms, electric fences, fire alarms, medical emergency alarms, illegal access signals, vehicle tracking, low battery power alerts, remote panic buttons, CCTV remote images and fleet management services; Facilities Management provides a service for rent collection, utilities and services, inspecting and maintaining properties, and maintenance services which include electrical, plumbing, carpentry and building services; Cleaning Services provides contract cleaning services for offices, shopping malls, banks, schools and universities. G4S (Botswana) Limited is a subsidiary of G4S International 105 (UK) Limited.last_img read more

Two cheap FTSE 100 shares I’d buy today

first_img Edward Sheldon owns shares in Prudential and Smith & Nephew. The Motley Fool UK has recommended Prudential. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Edward Sheldon, CFA Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address The FTSE 100 index has had a good run since late March, rising over 25%. But there are still plenty of cheap stocks within the index. Here’s a look at two attractively-valued FTSE 100 stocks I like the look of right now.A FTSE 100 bargainOne FTSE 100 stock I’m very bullish on at present is financial services company Prudential (LSE: PRU). There are a number of reasons I see investment appeal here.  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…Firstly, after spinning off its UK-focused asset management arm last year (now known as M&G), Prudential is now predominantly focused on providing financial solutions to customers in Asia. I see huge potential here, as wealth across Asia is set to rise significantly in the years ahead. “The fast-growing markets of Asia offer long-term structural opportunities for us,” said CEO Mike Wells recently.Source: Prudential Secondly, there’s been some encouraging insider buying here recently. Last week, non-executive director Shriti Vadera purchased 67,500 Prudential shares, spending over £800,000 on stock. Vadera – who is currently chair of Santander UK Group Holdings – is expected to succeed Paul Manduca as chair of the board at Prudential on 1 January 2021. This purchase suggests the insider is confident about the future.Prudential shares currently trade on a forward-looking P/E ratio of about 7.7, using next year’s earnings forecast. At that valuation, I believe the shares are an absolute steal. Analysts at Morgan Stanley have a target price of 1,626p for the FTSE 100 stock – roughly 37% higher than the current share price.Huge growth potentialHealthcare is a sector I really like right now. The reason I’m bullish on this sector is that it looks set for big growth in the years ahead due to the world’s ageing population. As we age, our demand for healthcare tends to increase.One of my preferred plays in the UK healthcare sector is FTSE 100 constituent Smith & Nephew (LSE: SN). It’s a leading medical technology company that specialises in joint replacement systems, advanced wound management solutions, and surgical robotics. It has a fantastic track record when it comes to generating shareholder wealth and has paid dividends on its ordinary shares every year since 1937.In the short term, I expect Smith & Nephew to experience some challenges related to Covid-19. That’s because a lot of elective surgeries have had to be postponed this year due to lockdowns. As a result of the coronavirus, first-quarter sales fell 7.6%.However, in the long-run, I think the growth potential here looks formidable. With the number of people across the world aged 60 or older set to rise to 1.4bn by 2030, up from 901m five years ago, I can see demand for Smith & Nephew’s products increasing significantly.Smith & Nephew shares currently trade on a forward-looking P/E of 18 using next year’s earnings forecast. For a FTSE 100 company with an outstanding track record and compelling growth potential, I think that’s cheap.I’d buy the shares now while they’re around 25% below their 52-week highs. “This Stock Could Be Like Buying Amazon in 1997”center_img Two cheap FTSE 100 shares I’d buy today 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. 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! Edward Sheldon, CFA | Monday, 29th June, 2020 | More on: PRU SN last_img read more

Why I’d start investing £250 a month in cheap UK shares in an ISA today

first_img Image source: Getty Images. Peter Stephens | Monday, 15th February, 2021 Enter Your Email Address Simply click below to discover how you can take advantage of this. Why I’d start investing £250 a month in cheap UK shares in an ISA today 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 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. Even after the recent stock market rally, it is still possible to find cheap UK shares to buy today. Investing money in them regularly through a tax-efficient account such as a Stocks and Shares ISA could produce high returns over the long run.Of course, there is never a guarantee of profit from holding any stock. The 2020 stock market crash showed that a bull market can quickly disappear.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…However, over the long run, the track record of UK stocks shows that they could be a sound way to obtain a large lump sum.Buying cheap UK shares todayBuying cheap UK shares right now could provide greater scope to generate high returns in the long run. The track record of the stock market shows that the valuations of its members have often reverted to their long-term averages over time. As such, today’s undervalued shares could be among those companies that benefit the most from a likely long-term economic recovery.Certainly, some cheap stocks may not be worth more than their current prices. For example, they could have poor return characteristics or weak finances. Therefore, it is important to not only analyse businesses before buying them, but also to diversify across a broad spectrum of companies, sectors and geographies. This may lower overall risks and improve returns.Investing money regularly in undervalued stocksBuying cheap UK shares on a regular basis can lead to high returns over the long run. Even if an investor matches the long-term stock market average total returns of around 8% per year, they could build a large portfolio from a realistic monthly investment.For example, buying £250 worth of shares per months at an 8% annual total return could produce a portfolio worth around £240,000 over 25 years. Clearly, there is never any guarantee that this return will be produced. However, through buying undervalued shares in high-quality companies, it may be possible to obtain attractive returns over the long run.Using a Stocks and Shares ISA to buy stocksA Stocks and Shares ISA could be a simple and worthwhile means of investing money in cheap UK shares. Costs are generally low compared to other retirement accounts, while tax advantages mean that net returns may be significantly higher than using a standard share-dealing account over the long term.As such, with many UK shares trading at low prices following the 2020 stock market crash, now could be an opportune moment to start buying them regularly. This may not produce a positive return over any time period. However, the past performance of the stock market and the potential for today’s undervalued stocks to rise in price could mean that a portfolio grows at a relatively fast pace in a long-term stock market recovery. “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. See all posts by Peter Stephenslast_img read more

All Blacks wing Caleb Clarke wows in Bledisloe Cup Game Two

first_imgNew Zealand beat Australia 27-7 at Eden Park to take 1-0 lead in series Catch me if you can! Caleb Clarke bursts through Australia’s defence (Getty Images) Human wrecking ball and rising star Caleb Clarke is going home to watch the game with his dad, former @allblacks Eroni Clarke That’s what it’s all about! #BledisloeCup #NZLvAUS pic.twitter.com/S3iebx82AO— Sky Sport NZ (@skysportnz) October 18, 2020The All Blacks’ victory means they take a 1-0 lead into the final two Tests of this year’s Bledisloe series. The next two matches take place in Sydney (31 October) and Brisbane (7 November), and the Wallabies will need to bounce back from this defeat and win both if they are to lift the Bledisloe Cup for the first time since 2002.Those two games will double up as fixtures in the Tri-Nations competition that has replaced the Rugby Championship for 2020 following South Africa’s decision not to participate.Related: South Africa withdraw from Rugby ChampionshipThe All Blacks Tri-Nations fixtures against Argentina are on 14 November (Sydney) and 29 November (Newcastle). Check out this duo Caleb Clarke and Ardie Savea are on FIRE #BledisloeCup #NZLvAUS pic.twitter.com/NjkYgKaM7G— Sky Sport NZ (@skysportnz) October 18, 2020Statistics don’t always tell the full story but they give a clear indication of Clarke’s impact on this match. He may not have crossed the whitewash himself but he made 123 metres – the only player on either side to reach triple figures – and beat 14 defenders – twice as many as any other player.Clarke is the son of former All Blacks centre Eroni, who scored six tries in his ten Tests during the Nineties, and he has paid tribute to the influence of his father on his career, of the analysis and advice he provides. Can’t get to the shops? You can download the digital edition of Rugby World straight to your tablet or subscribe to the print edition to get the magazine delivered to your door.Follow Rugby World on Facebook, Instagram and Twitter.center_img In his post-match interview with Sky Sport NZ, he talked about how his dad would probably go over the match footage with him later that night… LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS All Blacks wing Caleb Clarke wows in Bledisloe Cup Game TwoCaleb Clarke delivered an incredible performance in New Zealand’s 27-7 victory over Australia at Eden Park in the second of four Bledisloe Cup games in 2020.Clarke impressed in the domestic Super Rugby Aotearoa tournament for the Blues earlier in the year, demonstrating the pace and power that have also proved so effective on the sevens circuit, and now he’s doing the same at international 15-a-side level.The 21-year-old wing came off the bench to make his All Blacks debut in the closing stages of last weekend’s 16-16 draw with the Wallabies then, with George Bridge ruled out for six months after suffering an injury in training last week, Clarke was selected to start in the Bledisloe Cup tie in Auckland and he caused havoc with ball in hand.He may be young but he is built for the physicality of the modern game, and he can balance that power with agility. There were numerous line breaks as Wallabies defenders struggled to contain him; Clarke skipped through outstretched arms and fended off would-be tacklers.A prime example came at the start of the second period when he launched an attack from his own half that led to a try for Ardie Savea. You can watch it here…last_img read more

City Council moves toward Camp Wewa purchase

first_img Please enter your name here You have entered an incorrect email address! Please enter your email address here The Anatomy of Fear Support conservation and fish with NEW Florida specialty license plate By Reggie ConnellAt a special meeting Wednesday night, the Apopka City Council came to a consensus to move forward in the process of purchasing Camp Wewa from the YMCA. Although no vote was taken, the Council gave its conditional approval to continue the due diligence by City staff.According to its website, Camp Wewa has been in existence for more than 70 years and provided a safe and exciting experience for thousands of campers ages 8–17. However, in 2020, Camp Wewa fell on hard times in the midst of the pandemic.“Due to the uniquely immersive resident camp experience and the prolonged financial impact of the coronavirus pandemic, the Y is carefully evaluating feasible options for Camp Wewa as part of our commitment to best serve our community and maintain the safety of all in our care,” the YMCA said in its statement.The option it finally arrived at was selling the property.“Three weeks ago, I got a call from the YMCA about this property,” said Apopka Mayor Bryan Nelson. “It was basically a courtesy call to let us know they were going to sell the property to a developer and thought I would want to know. I just said wow. Having been there I knew how amazing this property was. I asked them to give us a couple of weeks to do our due diligence and maybe we can come up with a plan to purchase.”According to the presentation by Nelson at the meeting, Camp Wewa is 70 acres, 39.5 of which are developable. It has four campsites, enough cabins to hold 160 people, and a dining hall that can accommodate about 100.The estimated value of the property is $5 million.Costs to upgrade the property to ADA compliance, convert well water to city water, and change its septic system to sewer would cost approximately $250,000, plus an additional $150,000 in improvements, according to an estimate by City staff.“Keep in mind you have about $800,000 in impact fees that you can use,” said City Administrator Edward Bass. “You can put up the other properties for sale (including the Sandpiper property valued at $1.2 million).”The City is also in the process of applying for a grant from the Florida Department of Environmental Protection, but Bass cautioned about its timing.“We won’t know about the grant,” said Bass. “It takes some time for that to come back. What we could do is use some of the other parcels coming in as income, and then you also front some for reserves and reimburse yourselves from the sale.”But before Commissioner Diane Velazquez was ready to celebrate, she wanted assurances as to the costs both upfront and in the future.“Not only do you have the purchase price, but you have the costs of ADA compliance, sewer, city water, and then you have to staff it. Everyone wants it, but I have to cover all the bases. We have a really tight budget. We weren’t able to give any raises. This is a huge park to put on our recreation staff right now.”“We haven’t stopped our raises,” said Bass in response. “We’ve gone down to 3%, but we haven’t stopped them. But this is something that if you acquire the property you get the asset. I think you have to build it into your budget. You’re correct, we would have to have some staff, but you could build that into your budget going forward. But the park is operational now. The capital improvements could be made over a 3-5 year period.”“I’d love to have summer camp up and running,” added Nelson.“I see this as amenities for our youth, but my concern is transportation… getting the kids there,” said Commissioner Alexander H. Smith. “I think this could be a great asset for us if we can solve the transportation issue.”Commissioner Kyle Becker also saw the upside, but like Velazquez also wanted assurances it would not cost the City lost taxpayer dollars for years to come.“When you think about brand alignment with Camp Wewa and the City of Apopka, I don’t think there’s much argument there. It goes together because we have such a focus on eco-tourism. The springs, Lake Apopka, the Wildlife Drive… all these things kind of play together. But to piggyback on what Commissioner Velazquez said, going into this I thought it would be kind of an even exchange. We would find the sourcing without having to go through anything else to do it. What I would like to see going forward is a pro forma in order to keep this at a break-even point. How, over the next 3-5 years, we can keep this basically neutral, because rightfully so, there are other departments in the City that look at this skeptically who can say ‘look, we’ve got deteriorating facilities, an old fleet.’ If we just add another asset, and it becomes a pit, then we’re in a bad spot. So I want to be comfortable that we’re able to sustain it. I think we are all there, I just want to see it in print.”Commissioner Doug Bankson has made a name for himself on the commission as a fiscal budget hawk. During many discussions, he has called for reserves higher than even the state guidelines suggest. But in this case, Bankson too saw the upside in acquiring Camp Wewa.“It goes back to ‘what is our brand?’ Lake Apopka used to be one of the best fishing lakes nationwide, and then we lost that, but now it’s coming back. The trend is greenspace, ecology… you have the birding… tie this together and it’s something that can’t be reproduced. You’ve heard me harp on (budget) reserves. But this is the reason why. It puts us in a position to act. I think this is a tremendous opportunity. And if we do this right, we’re going to be the number one destination for green tourism.”“Three years ago, we couldn’t have done this,” said Nelson. “But because of the financial shape we are in, we can use reserves, or borrow the money, we’ve got ways of doing it because of the shape we’re in.”“We’re in uncharted territories,” said Bass. This is new to us. This is something we have an opportunity to take on and I think the key is going to be to look for all the grant opportunities available, partnering, and working with the Chamber. We can all work together.” Share on Facebook Tweet on Twitter Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 LEAVE A REPLY Cancel reply Please enter your comment! TAGSBenefitsCamp WEWAcity councilCity of ApopkaConsDecisionDiscussionProsPurchaseSpecial Meeting Previous articleContents of time capsule reveal life in Orange County in 1995Next articleThe District focuses on wetlands and the benefits they provide Denise Connell RELATED ARTICLESMORE FROM AUTHOR Save my name, email, and website in this browser for the next time I comment.last_img read more

Victim Support donates to Charity Employees Benevolent Fund

first_img Victim Support is to give £1 for each of its 1,500 employees in support of Charity Employees Benevolent Fund (CEBF), the benevolent fund for the charity sector which offers welfare advice and small grants to former and current charity employees, when they have no-where else to turn.CEBF reports that it has seen a very steep rise in the numbers of grant applications. Over 40 have been received this quarter, nearly three times as many as the same period last year. Enquiries to CEBF have increased tenfold.CEBF General Manager, Hilary Greengrass, said: “We hope other large charity employers will accept the need these numbers reveal and adopt this sharing principle. It’s a relatively small amount of money and we certainly make it go a long way. Smaller charities, the majority, are often just not in a position to support their employees; this is about reaching out across the entire sector.”Javed Khan, chief executive of Victim Support, said: “This gift is about supporting all those who work in the charity sector, just as they have helped others when they had the chance. Victim Support is one of the UK’s larger charities and as such it’s our responsibility to help charity employees during tough times.”CEBF has been urging charities to contribute to its funds. In January 2012 NSPCC committed itself to an annual donation based on its employee numbers.www.cebf.org.uk Victim Support donates to Charity Employees Benevolent Fund Tagged with: Charity Employees Benevolent Fund Funding Howard Lake | 5 April 2012 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  16 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 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.last_img read more

William Worthy: He opened the media to voices of resistance

first_imgWilliam Worthy at the U.S. Passport Agency in 1957. His renewal was denied after he visited China.William Worthy was a highly talented and educated journalist with a quality that distinguished him from so many of his contemporaries in the mass media: political courage.Worthy died near Boston on May 4 at the age of 92. We in Workers World had known him since the early 1960s, when he wrote for the Baltimore Afro-American newspaper and the Boston Globe.Worthy had been a prestigious Nieman Fellow at Harvard’s school of journalism. He came from a successful Black family in Boston — his father was one of the very few African-American obstetricians at a time when Jim Crow in the North, while not official, drew invisible boundaries for Black people.Worthy put all this at risk when, toward the end of 1956 and while still in the Nieman fellowship program, he went to China and interviewed leaders of the Chinese Revolution, including Chou En-lai, for CBS News.He had already made a name for himself by attending the Bandung Conference of African and Asian countries and liberation groups in Indonesia in 1955, where he interviewed President Sukarno. He then spent more than a month in Moscow, getting an interview with Nikita Khrushchev during the height of the Cold War between the U.S. and the Soviet Union.But it was after his China trip that the U.S. government decided they had to stop him from doing what journalists are supposed to do. His application to renew his passport in 1957 was denied. Secretary of State John Foster Dulles himself confirmed that the reason was political, complaining that Worthy “would not feel obligated, under present world conditions, to restrict his travel abroad in any way.”Worthy appealed the decision, but didn’t get his passport back. So in 1961 he went to Cuba without one and interviewed Fidel Castro. On his return, he was arrested and charged with entering his homeland illegally — even though he produced his birth certificate as proof of citizenship.A Miami judge the following year found him guilty and sentenced him to three months in jail. From then on, his case became widely known. Anti-war folk singer Phil Ochs wrote a song about him — “William Worthy isn’t worthy to enter our door” — and he became a household name in the rising progressive and Civil Rights Movements.Link between ‘Third World’ and socialist countriesWorthy was not a communist, but he said clearly that his experiences both at home and abroad convinced him that the oppressed countries and peoples of the world shared common objectives with Cuba, China and the USSR. Without the support of these socialist countries, which themselves had gone through anti-capitalist, anti-imperialist revolutions, the ruling classes of the U.S. and Europe would be free to recolonize what was then called the Third World.He was a strong supporter of Malcolm X and headed the African American journalism department of Boston University until being removed by BU President John Silber. His crime? Supporting campus workers attempting to unionize.Worthy could have played along and made a lot of money, but instead stuck to his convictions and enjoyed a very modest lifestyle. He elevated the strategy of the rent strike in his book, “The Rape of Our Neighborhoods,” which detailed the successful fight to keep his landlord, New York’s Cabrini Hospital, from replacing his rent-controlled apartment building with a parking lot.He was very interested in the anti-war movement and in Youth Against War & Fascism, the youth group of Workers World Party, because of its support for the struggles of the peoples of Vietnam, Laos and Cambodia. All of southern Asia was in turmoil then, as the U.S. moved in to take over countries where the European colonial powers had been ousted by national liberation movements.We in YAWF organized a Public Inquest on the Indonesian massacres on June 2, 1966, at Columbia University. It was natural that Worthy should be one of the featured speakers at that event. He had been in Indonesia for the 1955 Bandung Conference and admired the stand of President Sukarno, who had pulled out of the United Nations and attempted to set up an organization for all those countries struggling against imperialism.But in October 1965, the Indonesian military staged a coup — with much covert support from the U.S. — and began a horrendous massacre of leftists that eventually claimed the lives of a million people.Worthy’s talk at the Inquest — which drew 1,000 people — went over this history and Washington’s role in it, saying he believed that “the CIA played a major role.” He criticized the press, including some of his own colleagues, for not exposing earlier the brutal facts and having “a double standard when it comes to who is being executed, who is being murdered and tortured.”A transcript of the full speeches from the meeting was published by YAWF in pamphlet form as “The Silent Slaughter: The Role of the United States in the Indonesian Massacre.” YAWF was the only group in the U.S. to campaign, through meetings and street protests, against the bloody counterrevolution in Indonesia.‘Cutting edge of New Left’Worthy followed the many activities of YAWF and wrote an extensive piece for the April 13, 1969, Boston Sunday Globe called “The Cutting Edge of the New Left: Youth Against War & Fascism, Zealous but Prudent Revolutionaries.”In it he described YAWF as the only anti-war organization “that has shown itself capable of mobilizing its members in the few minutes it takes to whisk a secretly arriving dignitary from Kennedy Airport to a mid-Manhattan hotel.” He added that “YAWF’s close association with the adult Workers World Party has undoubtedly helped spare it from many youthful procedural blunders.”The article described YAWF’s assistance in the formation of the anti-war American Servicemen’s Union. The Bond, the newspaper of the ASU, was being distributed, he wrote, “in bundle lots and by individual subscriptions at virtually every U.S. military installation throughout the world — openly in some places, clandestinely at others — much to the distress of the officer corps and civilian authorities.”He concluded that “YAWF may never get the type of on-going news coverage that the media bestow on the more impetuous and much larger SDS [Students for a Democratic Society]. But for persons interested in being avant le courant as well as au courant, the former is clearly the group to watch.”It was with great sadness that we heard of William Worthy’s death. Journalists of his caliber are few and far between.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

What we’re reading: Bloomberg qualifies for primary debate, Trump pardons former 49ers owner

first_imgTCU News Now 4/21/2021 How COVID-19 has affected TCU’s School of Music Linkedin Linkedin + posts Facebook Twitter Ryan Bunnellhttps://www.tcu360.com/author/ryan-bunnell/ printMike Bloomberg qualifies for his first presidential primary debateFormer New York City Mayor Mike Bloomberg received 19% of support in a poll released by NPR/PBS, enough to allow him to join the debate stage tomorrow night in Las Vegas, according to NBC.Bloomberg will be joined on stage by fellow Democratic candidates Joe Biden, Pete Buttigieg, Amy Klobuchar, Bernie Sanders and Elizabeth Warren.Last month the Democratic National Committee announced they would no longer be using the grassroots donor threshold that had been used for the first eight debates, according to NBC.President Trump pardons former San Francisco 49ers ownerThe former owner of the San Francisco 49ers was issued a pardon by the president Tuesday, 22 years after he was convicted in a gambling fraud scandal, according to ABC.From left, Joe Montana, Edward J. DeBartolo Jr., Jerry Rice and Roger Craig stand together during a memorial service at Grace Cathedral for San Francisco 49ers great Dwight Clark, Wednesday, Aug. 1, 2018, in San Francisco. Clark, who died of ALS on June 4, is known for making “The Catch” that sent the 49ers to the NFL Football Super Bowl XVI in 1982. (AP Photo/Eric Risberg)Edward DeBartolo Jr. pleaded guilty to failing to report a felony in 1998 after paying former Louisiana Gov. Edwin Edwards $400,000 in exchange for a gambling license. Boy Scouts of America files for bankruptcy No.1 ranked TCU Rifle eyes championship repeat as postseason gets underway Ryan Bunnellhttps://www.tcu360.com/author/ryan-bunnell/ ReddIt What we’re reading: Former Vice President dies at 93, Chad President killed on frontlines Ryan Bunnellhttps://www.tcu360.com/author/ryan-bunnell/center_img The Boy Scouts of America filed for bankruptcy late Monday amid hundreds of sexual abuse lawsuits and plummeting membership numbers, according to CNN.The lawsuits the youth organization is facing have been suspended due to the bankruptcy filing.Last April, court testimony showed over 7,800 of the organization’s former leaders were involved in sexually abusing over 12,000 children.Mexican cartels recruit children to smuggle drugsCartels are hiring children as young as 12 years old to smuggle drugs and weapons across the U.S.-Mexico border in Arizona, according to Fox News.There were 57 children arrested on narcotics-related charges in the 2019 fiscal year and there have already been 17 in 2020, according to the U.S. Customs and Border Protection.“These teenagers are either smuggling in vehicles, they’re smuggling on their body and in their body so it’s very dangerous,” said Tucson Sector Border Patrol agent Alan Regalado.Regalado has started the “T.E.A.M. Kids Program,” meaning “Together Educating and Mentoring Kids,” in an effort to educate local students about border recruiters, according to Fox News. In this March 18, 2016, file photo, a U.S. Customs and Border Patrol truck patrols the U.S. border with Mexico in Douglas, Ariz. An unusual string of violence south of Arizona’s border with Mexico has sparked travel warnings by American authorities and is forcing U.S. citizens who say they won’t stop crossing into Mexico to at least consider how to travel more safely. (AP Photo/Ricardo Arduengo, File) Ryan Bunnell Facebook Democratic presidential candidate Mike Bloomberg gives his thumbs-up after speaking during a campaign event at Hardywood Park Craft Brewery in Richmond, Va., Saturday, Feb. 15, 2020. (James H. Wallace/Richmond Times-Dispatch via AP) Previous articleNoticiero TCU 17 de Febrero 2020Next articleOpen House Podcast Episode 3: Nicole Gorretta Ryan Bunnell RELATED ARTICLESMORE FROM AUTHOR Twitter Honors College removed from House of Representatives Ryan Bunnellhttps://www.tcu360.com/author/ryan-bunnell/ Abortion access threatened as restrictive bills make their way through Texas Legislature ReddIt What we’re reading: Chauvin found guilty in Floyd case, Xi to attend Biden’s climate change summit Ryan Bunnell is a sophomore sports broadcasting major and journalism minor from Kennedale, Texas. He is member of the TCU Drumline and hopes to work as a sports reporter in the future.last_img read more

Mortgage Delinquencies Experience Historic Spike

first_img Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago May 21, 2020 2,366 Views Sign up for DS News Daily Share Save Previous: Helping Servicers Interact with Borrowers Next: Five Star Academy Courses Free For the Next Month Tagged with: Delinquency mortgage The nationwide delinquency rate hit its highest single-month increase in history in April, according to the First Look at April mortgage performance data from Black Knight. According to Black Knight, some 3.6 million homeowners were past due on their mortgages as of the end of April (including the roughly 211,000 who were in active foreclosure)—the highest number since January 2015.This is an increase of 1.6 million since March, the largest single-month jump on record. This number includes homeowners past due on mortgage payments who are not in forbearance, as well as those currently enrolled in forbearance plans and who did not make an April mortgage payment.The national delinquency rate nearly doubled to 6.45% from March, the largest single-month increase ever recorded, and nearly three times the previous record for a single month from back in late 2008. Delinquency increases in Nevada (+5.2%), New Jersey (+5.1%), and New York (+4.9%) led the states, while Miami (+7.2%), Las Vegas (+6.2%), and New York City (+5.4%) topped the 100 largest metro areas.Despite the delinquency increase, both foreclosure starts and foreclosure sales hit record lows in April as moratoriums and forbearances halted foreclosure activity across the country.Close to 9% of all active mortgage loans are in forbearance as of this week, according to the latest data from Black Knight’s McDash Flash.Looking ahead, Black Knight estimates there could be 4.9 million loans in forbearance by the end of this month if the number of loans entering forbearance declines by 10% per day moving forward. By the end of June, there would be 5 million loans in forbearance, accounting for 9.4% of all active mortgages in this scenario.Under a “more pessimistic scenario,” with the two-week average going forward and a 10% decline beginning in mid-June, 5.4 million loans would be in forbearance at the end of this month, according to Black Knight’s calculations. This would account for 10.1% of all active mortgage loans. Servicers Navigate the Post-Pandemic World 2 days ago Mortgage Delinquencies Experience Historic Spike The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Mortgage Delinquencies Experience Historic Spike The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Delinquency mortgage 2020-05-21 Seth Welborn About Author: Seth Welborn Subscribelast_img read more