Kenya Commercial Bank Limited (KCB.ke) Q12013 Presentation

first_imgKenya Commercial Bank Limited (KCB.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2013 presentation results for the first quarter.For more information about Kenya Commercial Bank Limited (KCB.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank Limited (KCB.ke) company page on AfricanFinancials.Document: Kenya Commercial Bank Limited (KCB.ke)  2013 presentation results for the first quarter.Company ProfileKenya Commercial Bank Limited (KCB Bank) is a financial services institution in Kenya offering products and services to the commercial sector. The banking group offers a full-service offering for commercial and corporate clients and runs an Agency banking model. Its parent company, KCB Group, was founded as a branch of the National Bank of India in Mombasa. Grindlays Bank merged with the National Bank of India in 1958 to form the National & Grindlays Bank. The government of Kenya bought a 60% stake in National & Grindlays Bank and took full control of it in 1970; renaming it Kenya Commercial Group. It was renamed KCB Bank Kenya after a corporate restructure. KCB Bank Kenya is a wholly-owned subsidiary of the KCB Group. Its head office is in Nairobi, Kenya. Kenya Commercial Bank Limited is listed on the Nairobi Securities Exchangelast_img read more

U.A.C of Nigeria Plc (UACN.ng) Q12020 Presentation

first_imgU.A.C of Nigeria Plc (UACN.ng) listed on the Nigerian Stock Exchange under the Industrial holding sector has released it’s 2020 presentation results for the first quarter.For more information about U.A.C of Nigeria Plc (UACN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the U.A.C of Nigeria Plc (UACN.ng) company page on AfricanFinancials.Document: U.A.C of Nigeria Plc (UACN.ng)  2020 presentation results for the first quarter.Company ProfileUAC of Nigeria Plc is an investment holding company in Nigeria with diverse business interests in the food and beverages, real estate, paint and logistics sectors. The company also has business interests in the Ivory Coast. UAC of Nigeria Plc manufactures and sells a range of food items, livestock feed, bottled water, fruit juices and ice-creams as well as a range of paint and other home deco products. Well-known brands in its product portfolio include Gala sausage rolls, Funtime coconut chips, Supreme ice-cream, Swan natural spring water, Gossy spring water, Grand soya oil and cereals, Vital feeds, Binggo dog food, Dulux and Sandtex paint. UAC of Nigeria also offers logistics and supply chain management services which includes warehousing, transport and redistribution services. The company also manages a pension funds administration service. UAC of Nigeria invests in pharmaceutical outlets; operates a chain of Mr Bigg restaurants; owns and operates Golden Tulip Hotel in Lagos; and is involved in the development, sale and management of commercial and residential properties in Nigeria. The company’s head office is in Lagos, Nigeria. UAC of Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

This is what I’d do about high-yielding SSE shares right now

first_img 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 Kevin Godbold Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! This is what I’d do about high-yielding SSE shares right now Kevin Godbold owns shares in Rank. The Motley Fool UK has recommended Tesco. 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. Our 6 ‘Best Buys Now’ Sharescenter_img FTSE 100 energy supplier SSE (LSE: SSE) has done a good job of turning itself around from the bleak-looking situation I saw in April 2019.Back then, the deal to demerge its underperforming household energy business had just collapsed. Earnings and the share price had been falling for around two years. The directors were considering other options to get shot of the troublesome division. But that wasn’t the only problem. Trading had been difficult across most of the company’s operations for some time.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…Green shootsHowever, things started to improve. I reported in September last year that the stock looked more attractive to me than it had for a long time. By then, the share price had risen by around 22% from its low in May. The directors had engineered a new agreement to sell the household energy services division to Ovo Energy for around £500m. They also announced their intention to use the funds to pay off some of SSE’s high debts.The share price has continued to climb since last September, and last Friday’s third-quarter trading statement shines more light on why that has happened. Adjusted earnings per share have been rebounding strongly and the directors expect the full-year figure to come in between 83p and 88p, which is well up on the 31p we saw last year.The company is making great progress optimising its business for the future. The sale of the energy services division went through on 15 January and SSE is no longer involved in supplying energy and energy services to households in the UK. The firm is also “on course” to cease production at its last coal-fired generation plant at Fiddlers Ferry by the end of March 2020. And “work is continuing” regarding the sale of gas production assets.There were also several developments in the period contributing to SSE’s re-focus on renewable energy assets such as wind and hydro-electric power. Finance director Gregor Alexander said in the report the directors are focusing SSE on businesses that are “well placed to play a leading role in the delivery of a low-carbon strategy that supports the transition to net-zero emissions.”There may be dividend increases ahead!He also said the first financial objective of that strategy is to remunerate shareholders’ investment through dividends based on “the quality and nature of assets and operations, earnings derived from them and the long-term financial outlook.”  The first nine months of the financial year have been “generally positive,” he said.After the directors lowered the dividend recently, it’s encouraging to hear the finance chief emphasising shareholder dividends going forward. Looking back, I think a combination of poor operational performance and a challenging political situation pushed the share price down. But there’s no denying the strength of the turnaround going on in the company and it joins my list of such successful recent outcomes along with the likes of Tesco, Rank, and Haynes Publishing.Congratulations if your contrarian investment strategy helped you spot the potential and get in when the share was near its lows last year. But if you didn’t, the shares still look attractive to me at the recent 1,511p, and I’d aim to pick up a few. “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images. Kevin Godbold | Monday, 3rd February, 2020 | More on: SSE 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. Enter Your Email Addresslast_img read more

Here’s how Fundsmith and Lindsell Train Global Equity performed in the recent stock market crash

first_img 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 | Friday, 10th April, 2020 “This Stock Could Be Like Buying Amazon in 1997” Ultimately, this high-quality approach to investing appears to generate great returns when stock markets are rising, as well as protection when markets are falling.I think that’s something to keep in mind if you’re putting together your own portfolio of stocks and funds in the current environment. Diageo, whose vodka, gin and whisky is still being consumed during the shutdown. Image source: Getty Images. When it comes to investment funds, two of my favourites are Fundsmith Equity and Lindsell Train Global Equity. I see these global equity funds as excellent ‘core’ portfolio holdings. Why? Well, both have outperformed major global stock market indexes by a wide margin in recent years. Today, I’ll be analysing the performance of these two funds over the first quarter of 2020. Let’s take a look at how they performed in the recent stock market crash.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…Fundsmith and Lindsell Train outperformed According to their most recent factsheets, Fundsmith delivered a return of -7.9% for the first three months of 2020, while Lindsell Train Global Equity delivered a return of -11%.Are these good returns given the market conditions? You bet they are.In comparison, the MSCI World index that many global equity funds are benchmarked against returned -15.7%. Meanwhile, the FTSE 100 index, to which many UK investors pay close attention, returned -23.8%. The S&P 500 index returned -19.6% (in USD terms). So, both funds outperformed significantly over the quarter.Looking at performance in March, when volatility reached the highest level since the Global Financial Crisis in 2008, Fundsmith returned -3.7% for the month. Meanwhile Lindsell Train Global Equity returned -3.3%. By contrast, the MSCI World index returned -10.6%. And the FTSE 100 and the S&P 500 returned -13.4%, and -12.4% respectively. So again, the two funds outperformed by a wide margin.Overall, both of these funds held up very well in the stock market crash, protecting investors from big losses.What drove this outperformance?Why did these funds outperform the wider market? I put it down to the fact that they both focus on high-quality businesses.You see, their portfolio managers, Terry Smith (Fundsmith) and Nick Train (Lindsell Train Global Equity), have very strict criteria when it comes to picking stocks.Instead of owning hundreds of stocks like some money managers do, these portfolio managers only invest in a small number of truly exceptional companies. Specifically, they tend to invest in companies that have robust competitive advantages, strong balance sheets, dependable earnings, and the potential for long-term growth.Some examples of the kinds of stocks they own include: Here’s how Fundsmith and Lindsell Train Global Equity performed in the recent stock market crash Edward Sheldon owns shares in Unilever, Diageo, Sage, Microsoft, and PayPal and has positions in the Fundsmith Equity fund and the Lindsell Train Global Equity fund. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK owns shares of and has recommended Microsoft, PayPal Holdings, and Unilever. The Motley Fool UK has recommended Diageo and Sage Group and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. 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. Enter Your Email Address Unilever, whose everyday goods are still being used by millions of people globally during the coronavirus shutdown.center_img Microsoft, whose leading software products are still being used by millions of workers remotely. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. PayPal, which is benefiting from an increase in online shopping. See all posts by Edward Sheldon, CFA Simply click below to discover how you can take advantage of this. Sage, the cloud-based accounting solutions specialist that is benefitting as businesses increasingly become more digital.last_img read more

The J.P. Morgan 7s Are Back! Details announced

first_imgWho will be crowned the 2012 champions?Premiership Rugby has revealed the dates and venues of the three regional pool events as well as the final for this summer’s  J.P. Morgan Asset Management Premiership Rugby 7s Series.The exciting summer 7s series, growing in popularity each year, returns to provide fans with four evenings of fast flowing rugby entertainment.Having hosted the J.P. Morgan Asset Management Premiership Rugby 7s Series Final last season, Harlequins will host the first event of the 2012 series at the Twickenham Stoop on Friday 13th July.  Joining hosts Harlequins in this pool will be London rivals London Irish, London Wasps and last year’s finalists Saracens.Sale Sharks will host the second event at Edgeley Park on Friday 20th July.  Up against Sale in this pool will be Leicester Tigers, Northampton Saints and last year’s winners Newcastle Falcons.The third event will be hosted by Gloucester Rugby at Kingsholm on Thursday 26thJuly.  Bath Rugby, Exeter Chiefs and Worcester Warriors will join Gloucester in this pool.The top two seeds from each of the three pools will then go through to the J.P. Morgan Asset Management Premiership Rugby 7s Series Final, which will take place on Friday 3rd August at the Recreation Ground in Bath, where the winners will be crowned.Mark McCafferty, Chief Executive of Premiership Rugby, said “The J.P. Morgan Asset Management Premiership Rugby 7s Series, now into its third year, is a fantastic opportunity for fans to come down and see some world-class Premiership Rugby talent play high-octane fast-running rugby and experience the friendly party atmosphere of the 7s on a summer’s evening.” Thursday 26th July, Kingsholm, GloucesterFeaturing – Gloucester Rugby, Bath Rugby, Exeter Chiefs, Worcester WarriorsFriday 3rd August, The Recreation Ground, Bath, FinalFeaturing – the top two seeds from each of the three Pools. Ben Ryan, England 7s Coach, said: “I came along to last year’s J.P. Morgan 7s tournament and was impressed at what a highly-competitive and enjoyable tournament it is.  It’s only four years until 7s becomes an official Olympic sport in Rio in 2016, and I’ll be returning to the J.P. Morgan 7s again this year as part of my on-going research to make sure we continue to have the very best team in 7s competition.”Tickets for all four events are available through Ticketmaster on www.ticketmaster.co.uk  or by calling 0844 847 2492.Fixtures:Friday 13th July, The Twickenham Stoop, TwickenhamFeaturing – Harlequins, London Irish, London Wasps, SaracensFriday 20th July, Edgeley Park, StockportFeaturing – Sale Sharks, Leicester Tigers, Newcastle Falcons, Northampton Saintscenter_img LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALSlast_img read more

New Move event series from Arthritis Research UK

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. Arthritis Research UK is trialling a new fundraising event series at three sites in England this year. The series of events, called Move, is designed to celebrate human movement in all its forms while raising money for the charityThe events will take place in Newcastle, Guildford and Worksop between May and July. They are open to all with a focus on families, and encourage participants to take part in whatever way they can, meaning that people who suffer from arthritis are not excluded.Participants can choose to move on wheels (from bicycles to go-carts), move to music (dance) or move your shoes (from fancy dress to three-legged).The events will also feature food, entertainment and a variety of taster sessions and demonstrations on offer, including a wide range of movements from yoga to Zumba dancing.Louise Holland, Director of Fundraising and Communications at Arthritis Research UK explained why Move was developed. She said: “With arthritis affecting around one in six people in the UK, we believe the time is right for an event series that promotes the importance of movement in alleviating the symptoms of arthritis, as well as raising money to fund further research into the disease. We look forward to delivering this year’s events as a springboard to going national in 2013.”The charity plans to expand the series nationwide in 2013.www.arthritisresearchuk.org/move New Move event series from Arthritis Research UK AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Events Howard Lake | 23 January 2012 | News  26 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Apoyo masivo para la Asamblea Constituyente

first_imgEl domingo 30 de julio, el sonido de la diana en la madrugada dio inicio a la jornada de votación para la elección de delegadas/os a la Asamblea Constituyente que asumirán la gran responsabilidad de representar al pueblo en la modificación de la actual constitución bolivariana creada en 1999 bajo el liderazgo del ahora fenecido presidente Hugo Chávez.El pueblo chavista y bolivariano bajó desde los cerros, cruzó ríos, pasó por caminos montañosos, fue a pie o en bicicleta, venciendo cada obstáculo impuesto por la oposición fascista, yendo a votar firmemente por la Constituyente.El Consejo Nacional Electoral (CNE) y los órganos estatales relevantes, habían establecido miles de mesas de votación alrededor del país, incluyendo además sitios de contingencia para las/os electores que no pudieran emitir su voto en su localidad debido a los tranques de caminos e incluso cierres de lugares de votación por la contrarrevolución. De hecho, algunos sitios no pudieron abrir en los vecindarios dominados por administraciones – alcaldías o gobernaciones – de la oposición. El centro más grande de contingencia en Caracas fue el Polígono, donde acudieron miles de votantes que heroicamente desafiaron la violencia contrarrevolucionaria y acudieron a emitir su voto.A la hora de escribir este artículo, aún se encuentran abiertas los sitios de votación, por lo que nos abstendremos de mencionar cifras de votantes. Sin embargo, a través de diferentes transmisiones televisivas y de redes sociales digitales, se puede percibir el enorme entusiasmo del pueblo y ver las enormes filas que aseguran una amplia participación popular.Gracias a ese espacio cibernético, Workers World-Mundo Obrero pudo hablar directamente con voces que transmiten ese entusiasmo. Jacobo Torres, constituyentista del sector de trabajadores le dijo a WW-MO: “¡El pueblo venció el terror y apostó a la paz; el 31 de julio verá un hermoso amanecer bolivariano, antiimperialista y profundamente chavista!”.La compañera Yosmary Guevara, vocera nacional de UNAMUJER y coordinadora de la Fuerza Bolivariana de Mujeres comentó el parecer de las mujeres revolucionarias: “Hoy es un día glorioso, donde el amor del pueblo se desbordó a las calles… Llegó la hora del pueblo, de defender el legado del Comandante Chávez. No queremos más violencia. No al fascismo, no al terrorismo enquistado por el imperio. Las mujeres patriotas chavistas, antimperialistas y profundamente feministas estamos en combate permanente para impulsar nuestro heroico pueblo”.Y un joven ciudadano de a pie, Javier Ochoa desde Yaracuy resumió lo que millones también piensan: “Venezuela no se rinde; hoy más que nunca está vigente la lucha reivindicando la dignidad de un pueblo que dice NO al entreguismo y SÍ a la paz. Venezuela sigue siendo ejemplo de lucha en la región, para los pueblos conscientes del mundo”.Constituyente, poder del puebloEn general, una Asamblea Constituyente (AC) es un mecanismo político pacífico y democrático elemental para resolver intensas crisis políticas, transformando la Carta Magna en pro de la mejora de la sociedad. En el caso de Venezuela, esta crisis se debe a los diarios ataques terroristas por parte de la derecha fascista – la parte más extrema de la derecha opositora al gobierno bolivariano – que ha venido intentando derrocar al gobierno desde el 1º de abril sembrando el país de muertes, destrucción y crisis económica.Por el artículo 348 de la actual Constitución, que establece el derecho del Poder Ejecutivo a convocar a una AC, el presidente Nicolás Maduro convocó ésta el 1º de mayo, durante la celebración del Día Internacional de las y los Trabajadores.Lo más significativo de esta acción es que aquí el Presidente convocó al poder del pueblo, al soberano, quien será de ahora en adelante quien delinee el futuro de la revolución. ¡El pueblo al poder! Esto es sumamente importante. No es una ley impuesta desde arriba, ni sólo un remedio a la crisis. Es la búsqueda de una transformación profunda de las bases de la revolución. Desde las bases económicas hasta ahora rentistas petroleras, hasta la transformación de las estructuras estatales. He ahí la importancia crucial del desarrollo de esta Constituyente. Esto es lo que está en juego.Además, el propósito de la AC, fuera de ir en búsqueda de la paz para el pueblo frente a los ataques fascistas, es entre otros, asegurar las conquistas de la Revolución Bolivariana, al elevar a nivel constitucional las Misiones y ampliar el Sistema de Justicia para erradicar la impunidad de los delitos contra las personas, y contra la patria en general – por ejemplo corrupción, contrabando, especulación, narcotráfico, etc.Crímenes que la oligarquía derechista ha cometido en contra del pueblo pobre. Desde el robo de dólares a precios preferenciales subsidiados para la importación de productos esenciales, hasta el acaparamiento de alimentos, medicinas y otras mercancías para provocar el desabastecimiento y crear un ambiente de desesperación en las masas, con la esperanza de que esto haga al pueblo rebelarse contra el gobierno bolivariano.Mediante el voto universal, directo, secreto y voluntario, estos comicios elegirán 364 candidatas/os para representar los territorios del país y 173 para los diferentes sectores. Éstos sectores son los siguientes: trabajadoras/es; campesinas/os y pescadoras/es; estudiantes, personas con discapacidad, pueblos indígenas, pensionadas/os, empresarias/os; y comunas y consejos comunales. Estas divisiones en sectores es algo sumamente novedoso y asegura la inclusión de los intereses de cada uno de estos grupos.Agenda imperialistaPero la derecha contrarrevolucionaria no actúa sola, sino que está al servicio de su verdadero amo, el imperialismo estadounidense que desde la ascensión de Chávez al poder, ha tratado – sin éxito – de revertir el proceso bolivariano. Sólo cabe recordar el intento de golpe en 2002 y, frente a su fracaso, el sabotaje petrolero de 2003. Sabido son también los desembolsos de enormes sumas de dinero que el gobierno estadounidense, a través del Departamento de Estado y sus agencias promotoras de desestabilización en el continente como la NED y la USAID, facilitan a las organizaciones opositoras venezolanas. Una larga lista de políticas hostiles del gobierno de EUA hacia Venezuela ha sido una constante a través de todas las administraciones estadounidenses, tanto republicanas como demócratas.Desde el gobierno de Obama se vienen intensificando estas hostilidades, llegando ahora a un intento de mayor intervención, incluso con amenazas militares, en contra de la revolución Bolivariana.Figuras claves de la oposición se han reunido con Trump y otros políticos de EUA con el propósito de aumentar el esfuerzo de derrocar al Presidente Maduro. Hasta la derecha venezolana que reside en EUA pide pública y descaradamente la intervención estadounidense.Esto ha rendido sus podridos frutos desde abril cuando la contrarrevolución arreció sus ataques, que desde entonces han sido diarios, incendiando edificios, destruyendo propiedades del estado donde se ofrecen servicios públicos como centros materno-infantil, haciendo guarimbas, obstruyendo el libre tránsito, atacando a la policía y la guardia nacional bolivariana, e incluso, asesinando personas que son percibidas como chavistas, disparándoles y algunas hasta quemándolas vivas – un macabro y cruel recordatorio de su carácter racista y fascista semejante al KKK del sur estadunidense.Ahora, la agenda es aislar a Venezuela acusándola de antidemocrática por convocar la Asamblea Constituyente. Trump amenazó abiertamente al gobierno bolivariano de imponer graves sanciones económicas si se celebraba la AC; imponiendo además sanciones a 13 altos oficiales del gobierno, militares y de PDVSA.La CIA además anunció que estaba trabajando conjuntamente con los gobiernos de México y Colombia en esta campaña contra Venezuela. Además Panamá y Perú son parte de este conjunto hostil. La campaña mediática de desinformación a nivel internacional, pero liderada por EUA, oculta la verdadera cara terrorista y asesina de la oposición venezolana, a la vez que esconde la realidad sumamente democrática del pueblo chavista y su opción soberana por una constituyente.El resultado de una Constituyente que defienda el pleno derecho a la soberanía del pueblo, a su defensa de las riquezas de la nación para ser utilizadas en pro del bienestar de la mayoría y no para enriquecer a las transnacionales, y la posibilidad incluso del establecimiento de una base realmente socialista, es una amenaza que Exxon, Wall Street y sus corporaciones no están dispuestas a pasar por alto. Y para eso el gobierno EUA utiliza a sus monigotes en la región, tanto dentro, como fuera de Venezuela, además de todas las organizaciones a nivel internacional que responden a los intereses yanquis, como la infame OEA, a través de su derechista portavoz Luis Almagro.También, medidas como el cese de vuelos aéreos a Venezuela ya han sido impuestas. Sin previo aviso, las líneas Avianca de Colombia, y Delta de EUA, dejaron cientos de pasajeras/os varados en el aeropuerto de Caracas el pasado 26 de julio al cesar sus operaciones.Pero las sanciones estadounidenses no terminan en Venezuela. El 27 de julio, el Comité de Asuntos Exteriores de la Cámara de Representantes aprobó el “Acta Nica”, para imponer sanciones a Nicaragua por apoyar al gobierno venezolano.Apoyo internacional de los pueblosSin embargo, la celebración de la AC ha suscitado un elevado compromiso solidario por parte de los pueblos revolucionarios. Incluso de gobiernos de países caribeños que aunque pequeños en términos geográficos, han demostrado su gigante valor en dignidad al defender la soberanía bolivariana oponiéndose a las maniobras intervencionistas imperialistas.La defensa de la autodeterminación del pueblo bolivariano por movimientos populares, sobretodo en América Latina ha sido realmente exitosa. Se han celebrado piquetes, foros, manifestaciones, programas televisivos y radiales. Las redes sociales se han llenado de mensajes y expresiones de solidaridad.Todos estos movimientos han recalcado la relevancia de la Revolución Bolivariana como ejemplo del despertar de los pueblos. Y con la creciente amenaza del capitalismo en su fase de decadencia, pero no por eso menos virulento, que intenta recobrar las pérdidas causadas por los logros de los movimientos sociales, ven a la Constituyente y a la Revolución Bolivariana, como el triunfo – o en el peor de los casos – el fracaso de los movimientos populares. Y por eso sienten en su propia piel los ataques intervencionistas del capital global.¡La Constituyente Sí VA!   ¡Viva la Revolución Bolivariana y la solidaridad internacional!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Addis Ababa and Davos: A tale of two summits

first_imgThe members of the African Union in Addis Ababa, Ethiopia, Jan. 28, 2018.President Donald Trump’s demeaning comments on his preference for northern European immigrants over Africans both on the continent and in the Caribbean indicate the postcolonial crisis in relations between global capitalism and emerging nations in Africa, Asia-Pacific, Latin America and the Caribbean.This division of wealth, power and influence is glaringly illustrated by the character of two summit meetings held in late January. One gathering in Addis Ababa, Ethiopia, where the 55-member African Union met at its headquarters built by the People’s Republic of China, somewhat represented the aspirations of over 1 billion people living on the continent.Another confab in Davos, Switzerland, known as the World Economic Forum, was dominated by Western industrial and financial magnates and imperialist governments’ heads of state. African leaders were in Davos, notwithstanding their disadvantaged status.The Addis Ababa gathering was the 30th summit of the AU, successor of the   Organization of African Unity, founded in that Ethiopian capital on May 25, 1963. For 55 years, the AU/OAU has sought to promote the rapid eradication of colonialism and the unification of Africa.The AU has recently fostered the development of preferential trade areas and strengthened regional organizations, including the Economic Community of West African States, the Southern African Development Community, the East African Community and the Intergovernmental Authority on Development.The AU also provides a mechanism for resolving internal conflicts, many stemming from the legacy of European slavery and colonial rule. These initiatives have gained mixed results.  Although economic growth and political cooperation have progressed, AU member states remain subject to the international market still controlled by former colonial powers and contemporary neocolonial strongholds in Washington, New York, London, Paris, Brussels, Berlin and Davos.The AU summit’s focus was on ending corruption within nation-states. The organization has expressed the goal of becoming completely self-reliant within another two years.An AU press release on Jan. 25 read: “Chairperson of the African Union Commission, Moussa Faki Mahamat, commended the quality work done by the Permanent Representatives’ Committee with the view to establish appropriate conditions conducive to the success of this meeting of the Executive Council.”  He commended “contribution[s] to the Peace Fund aimed at consolidating peace efforts within the continent. [He] expressed the hope that by 2020 AU [can] finance itself at 100% if we maintain this trend of increasing interest by the Member States willing to contribute substantively on peacekeeping in Africa. [He]underlined that the AU Commission can pursue this commitment and resolution and will rely on Member States to support … self-financing.”Davos: Capitalists cheer U.S. tax heistThe WEF took place following the recent U.S. tax bill’s passage, to which is being attributed the rise in the stock market and the prospects for huge profits by transnational corporations and banks. Although Trump has alienated many in the business media and government, Wall Street apparently agrees with his goal of redirecting monumental amounts of public spending to the capitalist class.In Davos, these firms praised Trump’s program. Before the gathering, large corporations, including Walmart, announced raises for its low-wage employees. Although this makes good propaganda for “trickle-down” economics, the reality is that hundreds of U.S. retail outlets are closing. This downsizing in malls and shops has been blamed on the growth of e-commerce. However, no concrete assessment has been presented publicly to explain the layoffs of hundreds of thousands of workers.Capitalist elites in Davos viewed the tax heist as having the potential to stimulate profitability and enhance direct investments. The Republican-dominated House and Senate passed legislation which lowers the corporate tax rate from 35 percent to 21 percent. Provisions will ostensibly provide incentives for U.S.-based companies to bring money held overseas back into the country. This policy prompted Credit Suisse CEO Tidjane Thiam to suggest the firm will seek investments in the U.S.CNN Money noted: “Citigroup CEO Michael Corbat predicted the change in tax rules would help power business expansion. … The executives voiced concerns that with the U.S. economy at full employment, businesses may struggle to fill new jobs that result from this wave of investment. ‘The reality of bringing a lot of jobs back is difficult,’ said Bank of America CEO Brian Moynihan.” (Jan. 23)This notion of “full employment” in the U.S. at 4.1 percent blatantly ignores the Labor Froce Participation Rate — the actual indices measuring involvement in job holdings.  It stands at only 62.3 percent, leaving over one-third of the workforce outside the formal labor market. Poverty levels remain high at approximately 43 million people; they are much higher within African-American and Latinx communities, where the official rates of impoverishment are 23 and 19 percentage points, respectively.AU to Trump: Apologize for racist remarksSuch a situation is not likely to attract substantial foreign investment in the African continent on terms favorable to AU member states and their constituencies. Moreover, the Trump administration’s racist sentiments as reflected in domestic and foreign policies clearly give pause to any optimistic view by African leaders regarding U.S. relations with the continent.Consequently, some African business and political leaders stated they would walk out of Trump’s speech to the WEF on Jan. 26. Trump denied referring to African states as “shitholes,” as asserted by witnesses, although he admitted using “tough language.”Trump did meet with Rwanda President Paul Kagame and other African leaders. But the AU and individual states have demanded an apology for Trump’s racist remarks. None has been offered.Whatever the scope of protests by African corporate and political leaders over Trump’s speech in Davos, long-term questions remain over the relationship between AU member states and world capitalism. These connections historically have been byproducts of slavery, colonialism and neocolonialism. The last decade’s growth within African nations has been relative; it is still dependent on commodity prices determined by international finance capital.Therefore, several African economies, as in the Federal Republic of Nigeria, the Republic of South Africa and the Republic of Angola, are only now said to be emerging from recession. These nations are producers of energy and mineral resources where prices have declined precipitously in the last four years.In recent months, oil prices per barrel have risen on the global market. Nevertheless, currency values remain weak and seeming “recoveries” remain fragile.Ultimately, Africa must collaborate to a greater degree with other emerging economic regions to establish an alternative monetary and trading system which excludes the U.S. and all imperialist states as dominant forces. Only when this occurs can the continent’s and the world’s sustainable development be realized.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Weekly Ethanol Production 2nd Highest on Record

first_img Previous articleClosing CommentsNext articleBrazil and China Consider GMOs Gary Truitt SHARE Home Energy Weekly Ethanol Production 2nd Highest on Record Facebook Twitter By Gary Truitt – Aug 11, 2016 SHARE Facebook Twitter Weekly Ethanol Production 2nd Highest on Record According to EIA data, ethanol production averaged 1.018 million barrels per day (b/d)—or 42.76 million gallons daily. That is up 14,000 b/d from the week before and the second-largest total on record. The four-week average for ethanol production stood at a record 1.012 million b/d for an annualized rate of 15.51 billion gallons.Stocks of ethanol stood at 20.5 million barrels. That is a 0.7% decrease from last week and represents 21.6 days of supply based on current usage rates.Imports of ethanol were zero b/d, down from 36,000 b/d last week.Gasoline demand for the week averaged 410.3 million gallons (9.769 million barrels) daily. Since Memorial Day, gasoline demand has averaged 149.3 billion gallons annualized. Refiner/blender input of ethanol averaged 950,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.42%.last_img read more

Daunte Wright case highlights challenge of police reaching for stun guns: Experts

first_imgseanfboggs/iStock(NEW YORK) — Stun guns — less lethal use-of-force electroshock weapons that use up to 50,000 volts of electricity to temporarily incapacitate and immobilize targets — are widely used by police departments around the country.Today, more than 18,000 police and military agencies across the nation use them and a National Institute of Justice report stated stun guns reduce suspect and officer injuries.However, they have still drawn scrutiny — linked to hundreds of deaths in the U.S.Critics say stun guns may also be at odds with police de-escalation policies, which the Department of Justice defines as “using the least amount of force necessary to resolve a situation.” The use of stun guns has come into focus once again in the case of the shooting of Daunte Wright, who was killed by an officer in Minnesota who may have mistaken her firearm for a stun gun during a traffic stop.Geoffrey Alpert, a professor at the department of criminology and criminal justice at the University of South Carolina, said Tasers can be a good tool when used properly, but officers “go to their Tasers too often and too early.”“The point of Taser was to avoid the use of deadly force. And so when you die from the Taser, it seems to be reaching the wrong conclusions,” he said.But in the U.S. more than 250 fatal police shootings reported between 2015 and 2017 took place after a stun gun could not incapacitate a suspect, according to American Public Media’s investigative unit. APM Reports said these incidents accounted for about 1 in 12 fatal police shootings in that time frame.Dearth of national data on stun gun useIt’s difficult to say if stun gun use is on the rise in the U.S. The FBI created the National Use of Force Data Collection in 2015 and began collecting data in 2019. But last year, just 40% of national law enforcement agencies across the nation sent in data.Many individual departments, however, do have data on stun gun use.The New York Police Department, for instance reported 1,420 electrical weapon incidents in 2020, according to department data, which made up 21% of all use of force incidents in the year. That’s a rise from 1,271 incidents reported in 2019 and a major jump from 501 incidents in 2016.In 2020, electrical weapons led to the highest rate of physical injury compared to incidents involving firearms or physical force. NYPD data shows 626 people, or 55.3% of targets, suffered injury from electrical instruments, according to the database.Stun guns have become more prolific in the NYPD. Until 2015, their use was limited to NYPD supervisors and members of highly trained units, but they are now available to “any uniformed member of service who is qualified,” the NYPD told ABC News. Today, there are approximately 7,000 conductive electrical weapons deployed throughout the department, a major jump from the 1,710 stun guns used in 2016, per the New York Times.Declining firearm incidents in the department and increased stun gun use may be in response to a 2015 report by the city’s Department of Investigation that found the NYPD had “insufficient training on de-escalation tactics necessary to prevent excessive force in the first instance.”In Chicago, there were 1,885 stun gun incidents over the past six years, including 149 in 2020 alone, per the Chicago Police Department Use of Force dashboard.Stun gun use has declined over the past years in the CPD — coinciding with sweeping changes made to its use of force policy in 2017 that emphasized de-escalation and the sanctity of life. Under that policy, stun guns should only be used when necessary against active resisters and assailants.From 2014 to 2019 12.2% of use of force incidents involved stun guns in the Dallas Police Department. Use of stun guns rose dramatically from 2015 to 2018 before declining in 2019.In 2020, the Atlanta Police Department reported 136 stun gun incidents, which accounted for 36% of all police force incidents, up 27% from the year prior.“The introduction of the Conducted Electronic Weapon (CEW – Taser) and its usage has minimized the amount of physical force and injury causation to both officers and arrestees. Taser dependence amongst officers has grown continuously since the introduction of the device in 2013,” the department said in it’s 2020 Use of Force report.Why stun guns are usedToday, law enforcement agencies generally follow 2011 guidance offered by the Police Executive Research Forum, a nonprofit police research and education organization, in regulating stun gun use.It states officers should keep electronic control weapons (ECWs) on their weak-side holster, be trained to perform a cross-draw (where the dominant hand reaches across the body) to prevent accidentally drawing a sidearm, undergo scenario-based training, be re-certified annually, use stun guns for one standard cycle (which lasts five seconds), and give a warning before firing.It further advises that ECWs should not be used against pregnant women, the elderly, young children and visibly frail people. They should only be used against subjects exhibiting active aggression, not on a “passive” or fleeing subject.The 2016 4th Circuit decision Armstrong v. Pinehurst set another precedent. It banned stun gun use if there is no immediate danger to officers or others and use on a fleeing subject. The court’s decision became binding federal law in North Carolina, South Carolina, Maryland, Virginia and West Virginia, according to a 2019 National Institute of Justice report.The Daunte Wright caseIn the current case involving Daunte Wright — pulled over for an expired registration tag and a warrant — the situation escalated.When officers tried to take him into custody he got back into the car, police said. In body camera footage of the incident, veteran officer Kim Potter is heard saying, “I’ll Tase you! I’ll Tase you!” before pulling a Glock 9mm handgun with her right hand and shooting him in the chest. Afterwards she said, “S—, I just shot him!” according to prosecutors.Experts say it’s too soon to tell if Potter, who has offered her resignation, was warranted in using a stun gun in this case.Under the Brooklyn Center Police Department’s policy, the stun gun is intended to control a violent or potentially violent individual, while minimizing the risk of serious injury.”According to the policy, officers have to be trained and must position stun guns “in a reaction-side holster on the side opposite the duty weapon” and “mere flight from a pursuing officer, without other known circumstances or factors, is not good cause for the use of the TASER device.”Michael Leonesio, a retired police officer who ran the Oakland (California) Police Department’s stun gun program, said the shooting, despite Potter’s experience, is a “big red flag.”“One of the things that did stick out to me was she shot him in the chest, officers are not taught to deploy [stun guns] to the chest. You run the risk of cardiac effects,” he said told ABC News.Leonesio noted that in body camera footage, Potter appeared to be closer than the guideline distance of 7 to 15 feet to deploy a stun gun. He also said that weapon confusion situations usually unfold in very high-stress incidents.“Just my initial impression is you have an officer who’s on the job for 26 years, that shouldn’t have been a real big deal,” he said.Experts call for better training and accountabilityAccording to Leonesio, when it comes to stun guns in the U.S. there is “a lack of training,” an assertion Alpert made as well.“The problem is not with the Taser as much as it is with the operator. I’ve never seen anyone die from a single five second ride from a Taser. People die from these multiple rounds, they die from being shot on a high surface and they fall off a roof or they fall,” Alpert said.Approximately 45 people a year die from stun guns on average in the U.S., according to Amnesty International.Amnesty International Researcher Justin Mazzola told ABC News there is no national guidance on how to use stun guns appropriately and law enforcement agencies are responsible for their own training. He says this leaves stun guns “inherently prone to abuse.”“I don’t think people truly understand that people can die following the use of a Taser, whether from the Taser itself or if they have underlying heart conditions or are in a mental health crisis or being restrained in other ways,” Mazzola said.“Without national standards and strict guidelines on their use, what you end up getting is law enforcement agencies either developing their own policies or copying other bad policies,” he added.Copyright © 2021, ABC Audio. 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