Sanofi sticks with $69 per share offer for rival drug firm Genzyme

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia KCS-content Thursday 9 September 2010 8:12 pm whatsapp French drugmaker Sanofi-Aventis yesterday poured cold water on reports it had raised its offer for Genzyme, saying it was sticking to its bid of $18.5bn (£11.9bn), or $69 per share.“There is one offer, at $69 a share,” said spokesman Jean-Marc Podvin. “No other offer has been made to or discussed with the Genzyme board, its management or shareholders.”He reiterated Sanofi wanted to enter into constructive dialogue with Genzyme to best serve its interests.DealReporter, a financial news service, said on Wednesday that Sanofi had pitched a new offer, at $71 a share, to buy Genzyme in return for the opportunity to conduct “partial due diligence”. DealReporter, cited a source close to the discussions.Questions remain about what price would be high enough for Genzyme to open its books for Sanofi to clearly assess where the maker of rare disease drugs stands in solving its manufacturing problems following plant contamination.Last week, Genzyme chief executive Henri Termeer said $69 was not a reasonable starting point for a deal, but declined to specify what price would warrant Genzyme giving Sanofi a closer look. center_img Show Comments ▼ Share Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Sanofi sticks with $69 per share offer for rival drug firm Genzyme last_img read more

Managed account deal is vote of confidence in fund manager

first_imgTuesday 8 March 2011 7:48 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap KCS-content Show Comments ▼ AS votes of confidence go, this is pretty resounding. The fact that Germany’s largest public pension fund – a byword for caution and solidity – has given Man Group a managed account mandate worth €1.2bn is good for the alternative fund manager’s image. No wonder it is shouting about it. The mandate will provide a timely boost for Man’s assets under management, which grew from $65.9bn at the end of September (including the acquisition of GLG Group) to $68.6bn at the end of December. The gains were entirely performance related, however; the firm actually reported a net outflow of $1.1bn in its long-only funds, wiping out a net inflow of $0.1bn in alternatives. It follows a similar win last year from the universities superannuation scheme, Britain’s second largest pension fund, which recently awarded Man Group a $1bn managed account mandate.Managed accounts – whereby assets are invested in a hedge fund strategy but are physically held by an independent third party – are increasingly popular. Firstly, these assets aren’t subject to the kind of “gates” that hedge funds erected to stop clients pulling out their cash in the crisis. They also offer more transparency; clients with managed accounts get regular performance updates and can see – and in some cases veto – the trades made by the fund manager. Although the deal will allow Man to report a healthy inflow at the end of the month, it is much less lucrative for the likes of Man Group. Sarah Ing thinks the management fee will be around 0.5 per cent rather than the traditional two per cent.?That would still mean an extra €6m in management fees – with even more in performance fees should the manager perform well. Share whatsapp whatsapp Managed account deal is vote of confidence in fund manager Tags: NULLlast_img read more

Morison Industries Plc (MORISN.ng) Q12016 Interim Report

first_imgMorison Industries Plc (MORISN.ng) listed on the Nigerian Stock Exchange under the Chemicals sector has released it’s 2016 interim results for the first quarter.For more information about Morison Industries Plc (MORISN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Morison Industries Plc (MORISN.ng) company page on AfricanFinancials.Document: Morison Industries Plc (MORISN.ng)  2016 interim results for the first quarter.Company ProfileMorison Industries Plc manufactures and markets a range of pharmaceutical and hygiene products in Nigeria as well as imports and distributes medical, surgical and hospital consumables. The company is a leader in the field of Woundcare solutions, trauma/arthroplasty and bone graft products in Nigeria. Its Advance Wound Management business offers a range of products from initial wound bed preparation to full wound closure. Antiseptics and disinfectants are marketed under the Morigad brand name. Other well known brands include Gypsona, Dynacast, Soffban, Cutisoft and Leukomed. Morison Industries Plc is involved in merchandising hip, knee and shoulder joints implants as well as ancillary products such as bone cement and biomaterials for elective orthopaedic and trauma surgery; and is a distributor of the full range of Braun medical products. Morison Agro Allied is a subsidiary of Morison Industries Plc and markets a range of agricultural preparations including herbicides and biocide disinfectants under the brand names Glutacide, Germicide and Lysol. Morison Industries Plc has an export license from the Nigerian Exportation Promotion Council to export shea nuts, cashew nuts, cocoa, ginger, bitter kola and sesame seeds. The company also has a division which manufactures and markets products made from fish oil with High Omega 3 content in addition to selling lifestyle products which improve blood pressure and cholesterol levels and helps reduce the risk of heart disease and strokes. The company’s head office is in Lagos, Nigeria. Morison Industries Plc is listed on the Nigerian Stock Exchangelast_img read more

2 FTSE 100 shares for income

first_img2 FTSE 100 shares for income 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. We think that when a company’s CEO owns 12.1% of its stock, that’s usually a very good sign.But with this opportunity it could get even better.Still only 55 years old, he sees the chance for a new “Uber-style” technology.And this is not a tiny tech startup full of empty promises.This extraordinary company is already one of the largest in its industry.Last year, revenues hit a whopping £1.132 billion.The board recently announced a 10% dividend hike.And it has been a superb Motley Fool income pick for 9 years running!But even so, we believe there could still be huge upside ahead.Clearly, this company’s founder and CEO agrees. Simply click below to discover how you can take advantage of this. The Motley Fool UK’s Top Income Stock… Our 6 ‘Best Buys Now’ Shares Enter Your Email Address The FTSE 100 currently has an average dividend yield of 3%. The idea of investing for income, especially of reinvesting dividends, is appealing. It’s a proven way to grow a portfolio, significantly, through the benefits of compounding – earning interest on top of interest. That’s why I like part of my portfolio to focus on FTSE 100 shares that produce an income far above any other investment that I could easily hold and sell.A UK share with a yield above 6%Legal & General (LSE: LGEN) is a very reliable FTSE 100 dividend payer. It kept paying its shareholders an income even through the pandemic when rivals cut their dividends. The dividend went from 14.35p in 2016 to 17.57p in 2019. The dividend yield is currently 6.3%.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…What makes Legal & General a top FTSE 100 share for income is its strategic focus on future growth markets. It’s well positioned to support people in retirement through its annuities and other financial products. It also invests in housebuilding and other infrastructure, so can support the UK government with building infrastructure post-pandemic. It’s also well placed to benefit from increased interest in the stock market as it has a massive passive investing business.The superb operational performance has supported slow and steady dividend growth for many years.As always through, there are risks. In the case of Legal & General, I think in particular there’s a chance the company as an investor is reliant on the markets – both equities and bonds. A collapse in either could be damaging. The company itself notes that it holds a significant portfolio of corporate bonds to back its pension risk transfer and annuities business.The pricing of long-term life insurance business requires the group to make assumptions about future trends in life expectancy. That creates a risk — if customers live longer than assumed in its forecasting models, it will require an increase in reserves and reduce Legal & General’s profits. It may even put pressure on the dividend. Another FTSE 100 income shareFor me, Vodafone (LSE: VOD) is another appealing FTSE 100 share for dividend income. Its dividend yield is also over 6%.Vodafone has some potential to bounce back as Covid-19 retreats because it will earn more from roaming charges. People going on holiday could be good for profits. There’s the possibility that 5G could also boost the Vodafone share price through higher data usage and more expensive customers contracts.The better customer retention Vodafone currently has among those customers that buy broadband, fixed line, and TV services could also help future profits. If Vodafone can improve at cross-selling and making customers more loyal, it could really help future growth.The risk with Vodafone is that it has huge debts and is really struggling to grow. Indeed, in the last full year, revenue fell 2.6%. In the past, the emergence of 4G, access to emerging markets, and other advantages haven’t helped it perform better. So will 5G make the difference? I think it’s hard to tell right now.Despite some risks and challenges, Legal & General and Vodafone both strike me as being the sort of FTSE 100 shares I’d add to my portfolio for income.center_img Learn how you can grab this ‘Top Income Stock’ Report now Andy Ross | Saturday, 22nd May, 2021 | More on: LGEN VOD Image source: Getty Images Andy Ross owns shares in Legal & General. The Motley Fool UK has no position in any of the shares mentioned. 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. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Andy Rosslast_img read more

Commissioners Arrowsmith and Ruth conclude their terms on Apopka City Commission

first_img April 22, 2016 at 8:54 am Reply Reply Dale Fenwick Please enter your name here I watched that blonde gal with the striped top on, at the city council meeting in Debary on tv, standing up there at the podium, saying she was so ashamed of living in Debary, because they are always in the news, in a negative spotlight,t about the city’s political fighting and attics, and how she desired to live elsewhere, because she was so disgusted and ashamed of how her city’s representatives on the city council have been……..I sat back and was laughing out loud! I was like……..you go girl! I hope our city’s council doesn’t get that bad, as Debary! Apopka said goodbye to two City Commissioners last night as Bill Arrowsmith and Sam Ruth sat in Seats #3 and #4 for the last time.Kyle Becker defeated Arrowsmith to take over Seat #4, while Doug Bankson defeated Ruth for Seat #3 in the April 12th runoff election. Bankson and Becker will be sworn-in next Tuesday. Both Arrowsmith and Ruth have said they would not seek elected office again. Arrowsmith was on the City Commission longer than anyone in Apopka history. Ruth’s tenure was one of the shortest.But on this night there were tears, laughter, applause, standing ovations, and appreciation for the two outgoing Commissioners.Arrowsmith, a 39-year legend on the Commission, spoke of previous administrations and teams that formed the base of what Apopka is today.Commissioner Sam Ruth“I have been fortunate to have served with a man of the highest of integrity in Mayor John Land and also many fellow commissioners making up great teams over the years,” he said in a speech at the end of last night’s City Council meeting. “It is rewarding to see cranes working on the new hospital to the south, heavy equipment carving a path to the north for the 429 extension, continued expansion of the Cooper Industrial Parks and new residential developments coming out of the ground. These teams have formed the foundation for the future of this city and my biggest concern is that we don’t put all of our focus on dreaming of green pastures and forget to fertilize what we have.”Despite only two years on the City Commission, Ruth talked about the honor it was for him to serve.“Everytime I sat in this seat, it was a privilege. But it doesn’t belong to me. It belongs to you (the people),” he said in remarks after Arrowsmith. “I never used this seat as a weapon, and no one ever told me how to vote. There is no book on how to be a commissioner. Sitting in this seat is the loneliest place in Apopka.”Arrowsmith was critical of Becker for what he has described as running a negative campaign. And in the week since the election results were announced, he maintains his opinion. In fact Arrowsmith extended his criticism to the current administration.“Unfortunately from Washington on down, we see candidates with nothing more than the ability to put a good spin cycle on their opponent in a negative form as their way of gaining office,” he said. “It was not unexpected to see the glaring support from this administration for my opponent including fundraising and bullying businesses that chose to support me. I have been criticized for not congratulating my opponent and would like to reiterate that this is not a game when it affects your family.”Ruth’s last words as an Apopka City Commissioner was to joke about his inexperience, and to renew his love for the city.Commissioner Bill Arrowsmith“The four years I ran unsuccessfully for City Commissioner I knew everything. It was only after I was elected that I found out I didn’t know nothing,” he said.“But I will tell you this…I’m one of Apopka’s biggest cheerleaders. I wasn’t always the people’s first choice, but Apopka was always my first choice.” Reply You have entered an incorrect email address! Please enter your email address here I am picking on the commissioners, and I am sorry. I want to sincerely thank Commissioner Arrowsmith and Commissioner Ruth for serving our citizens and for taking up your personal family time, when you could of been doing something else that you enjoyed, and for standing up for Apopka, and I know first hand, it was not easy dealing with the public, for sure, and I wish you two the best life has to offer, so God bless you both, and take care. There is no doubt in my mind, that you both sincerely love Apopka. Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Mama Mia April 22, 2016 at 8:05 am April 22, 2016 at 12:05 pm April 22, 2016 at 8:14 am Please enter your comment! They say they are not going to run again for election, just like a woman who just gave birth, who shouts out, “never ever ever again!” LOL! Share on Facebook Tweet on Twitter Reply April 22, 2016 at 8:24 am The Anatomy of Fear LEAVE A REPLY Cancel reply April 22, 2016 at 7:50 am Mama Mia Now a new man has been placed on the Planning Board in Apopka to take the place of Jeremiah Jaspon, who left. What does this mean for Jeremiah Jaspon? Has he left to pursue more legal cases, or has he left to pursue political aspirations, such as the Florida Senate District 11 seat up for grabs? He had expressed interest in running, according to the internet. Some very good candidates already running! Just saying……..center_img Reply Oh and the source for the above posting about them not running for elected office again is: The Apopka Voice, April 21, 2016, under the article, “Commissioners Arrowsmith and Ruth conclude their….. ” and I can’t remember the exact words of the rest of the title. Sorry. Mama Mia killed off some brain cells, boot scooting, a long time ago! Mama Mia April 22, 2016 at 7:54 am Reply Do you all believe what was said, that Commissioner Arrowsmith and Commissioner Ruth will not run again for election? LOL! Reply One of the great things about an online news publication is the articles are still there. Use the search box on our homepage. TAGSApopka City CommissionCommissioner Bill ArrowsmithCommissioner Sam Ruth Previous articleApopka Celebrates Bike to School DayNext articleMother’s Day Tip: Send Mom a Care Package Denise Connell RELATED ARTICLESMORE FROM AUTHOR Reply Mama Mia Support conservation and fish with NEW Florida specialty license plate Reply Little Prince, the purple lover, has passed on, to the eternal world. Sorry to learn of Prince’s unexpected sudden death. RIP. Mama Mia Mama Mia April 22, 2016 at 7:04 am Mama Mia Mama Mia I was there at the Apopka Council meeting, Wednesday April 20, 2016, when the two incumbents, Commissioner and Vice-Mayor Arrowsmith and Commissioner Sam Ruth sat on their last council meeting. Did anyone other than myself think that Mayor Kilsheimer should have said a little speech to the two leaving, and thank them for their service, and wish them well, and etc? Did I miss something? I don’t think so. Why did he not even say adios to them? Was he more concerned about a last minute sneak attack or something? I think the Mayor should have gave them a little kudos at least. I know Commissioner Sam Ruth was on the mayor’s “so-called” team, but no kudos to Sam either. Very interesting. 9 COMMENTS April 22, 2016 at 7:35 am Save my name, email, and website in this browser for the next time I comment.last_img read more

Orange and T-Mobile urged to move to 100% for text donations

first_imgOrange and T-Mobile urged to move to 100% for text donations The Institute of Fundraising is asking its organisational members to support a campaign to lobby mobile phone providers Everything Everywhere (Orange and T-Mobile) to join other mobile operators to pass on 100% of text donations to charity.At present, Everything Everywhere passes on 100% of text donations to its own charity partners, but only 90% to other UK charities.The Institute points out that “whilst O2, Vodafone and most recently Virgin are committed to passing on 100% of text donations to charities, Orange and T-Mobile (who have now merged to form Everything Everywhere) are the only remaining mobile operators not to do this”.Text donations proved particularly popular for this year’s Red Nose Day, generating almost double the £7.8 million income from text donations raised by the 2009 campaign.Louise Richards, Director of Policy and Campaigns, Institute of Fundraising said: “The charges imposed on text donations by Everything Everywhere are an impediment to effective fundraising via mobile text giving. Everything Everywhere must change its policy and end these charges.”As part of the campaign, organisational members are encouraged to email Steven Day, Vice President of Brand and Communications at Everything Everywhere.The Institute has also written to the Government, asking it to exert its influence in this situation.www.institute-of-fundraising.org.uk Howard Lake | 14 April 2011 | News 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. Tagged with: Institute of Fundraising Law / policy mobile sms  32 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Don’t call the police on poverty

first_imgDurham, N.C. – I arrived at the Durham Co-op Market the morning of Jan. 2, 2017, for coffee and to finish some writing. As I approached the market’s front door, a middle-aged Black man standing on the side of the building stopped me and asked for “spare change.” Little did he know, I was four days from pay day and had absolutely no money. I was living on a credit card for the next four days. I told him I was out of cash and kept walking.As I entered the sliding glass doors, one of the cashiers asked, “Is that man still out there asking for money?” I said, “Yes, but he’s not posing a threat to anyone. He’s just standing on the side, asking for spare change.” She then informed me that she had already spoken with him once that morning and that the manager had instructed her to call the police.I said, “Sis, please do not call the police. You call the police and that man could lose his life just for asking people for ‘spare change’ this morning.” There were customers standing in line, but I was very adamant about not calling the police, because, as I shared with her, “That’s exactly how Black lives become hashtags.”In reality, she was just doing her job, as she was told. My job, however, was to speak up for the poor (and possibly, to save that man’s life). The last thing we need here in Durham is another Frank Clark or Jesus Huerta [both murdered by police]. I said, “Look, don’t call the police. I’ll go out there and talk to him.” So I did.I walked out by the dumpster and said, “Yo, bro. They’re about to call the police on you. I’m sorry, but you can’t stand over here.” I suggested he switch location to the convenience store across the street. He said, “Nah, man. I can’t.”I apologized to him for not having anything to give, except the 72 cents that was buried among lint in my right front pocket. When I reached out to give him spare change, he said, “Brother, I don’t want to do this. I used to be a working man. I still have my pride, you know. My VA [Veterans Affairs] check doesn’t get here until the 5th. I’m only asking for spare change because this is the only option I have right now. I tried to get a job in there, and other places around here, too. No one’s hiring homeless Black veterans right now.”How veterans are viewed and treatedI shared with him how I too was homeless at one time — slept in my car for a week before Camryn and Earnest Smith, thankfully, opened up their home to me while their daughter was away in college. I informed him that I too was a veteran, and someone who had been charged with a felony.I know exactly how it feels to be denied employment opportunities, even with a college degree. I know exactly how it feels to depend on “favor and goodwill.” I know how it feels to be hungry, too. Like hell! People look at you like you’re “less than human.” Mind you, I was a college graduate who could actually articulate myself and be halfway charming. A lot of folk will feed hungry dogs before they feed hungry people, especially homeless Black people.I went inside the market and fixed him a warm to-go plate of stewed chicken, beans and rice, cabbage and half a sweet potato. I asked if he wanted to come inside and sit down with me, but he was worried that he might be recognized. I insisted again, but realized the best thing to do was to respect his concern. I brought the food out and fought back my tears.For those who think poor people are “lazy” and do not want to work, please, stop! When you live in poverty, each and every day is “hard work.” The hustle. The grind. The mental and emotional strain, just to eat. Trust me, I can tell you from personal experience, there’s nothing “lazy” about surviving poverty, especially when you’re a descendant of the same people whose free slave labor was responsible for building this empire.Poor people are not stupid. They’re not criminals. They’re not “welfare queens.” They’re not any of those things. They’re human beings who live in a society where jobs are drying up and opportunities can, sometimes, be nonexistent.With all of the new “gentrification” money that’s here in Durham now, there has to be something that we can do for poor folk besides criminalizing them. You don’t call the police on someone because they’re poor. You ask them how you can help and be a blessing.Lilly was the 2016 Workers World Party vice presidential candidate. In 2015, he was an Indy Week “Citizen Award” winner for his activism and journalism. Follow him on Twitter @LamontLilly.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

U.S.’s ‘Cuba Internet Task Force’ exposed as attack on Cuban sovereignty

first_imgCheryl LaBashWashington, D.C. — This Workers World reporter was able to intervene in favor of socialist Cuba as the new Cuba Internet Task Force held its inaugural public meeting on Feb. 7 in the U.S. State Department headquarters here.The task force’s conclusions are set up to promote the same violations of Cuba’s sovereignty practiced since Cuban revolutionaries toppled the U.S.-backed Batista dictatorship in 1959.Those U.S. tactics, aimed at regime change, have failed. The mission description of the State Department’s task force admits its goals in euphemistic language: “The task force will examine the technological challenges and opportunities for expanding internet access in Cuba including through [U.S.] federal government support of programs and activities that encourage freedom of expression through independent media and internet freedom.” This means the U.S. aims to encourage those hostile to the Cuban government to use the internet for these goals.It’s no surprise the U.S. Agency for Inter­national Development sits on the task force. USAID contracted Alan Gross to install military grade covert communication devices in Cuba in 2009. Gross was arrested in December 2009 and spent 5 years of a 15-year sentence in a Cuban prison.The U.S. government initiated and funded the TV/Radio/Internet propaganda media, given the misappropriated name of Cuba’s national hero, José Martí. This media group has a seat on the task force, as does its oversight agency, the Broadcasting Board of Governors.Initially, 10 slots for 3-minute public comments were planned for the Feb. 7 public meeting. Five speakers of the original 10 opposed the task force objectives and its attack on Cuban sovereignty.WW reporter speaks at meetingBesides covering the public meeting, Workers World participated; this reporter’s remarks are published here:“Even after the last presidential election, Pew Research polls demonstrated that 75 percent of people in the U.S. support diplomatic relations with Cuba and 73 percent support ending the U.S. blockade of Cuba. I am one of them. The statistics hold for Cubans in the U.S., too. One hundred and ninety-one of 193 countries voted to oppose the blockade just last November at the United Nations General Assembly.“The Federal Register announcement says the purpose of the Cuba Internet Task Force is ‘to examine technological challenges and opportunities for expanding internet access in Cuba.’“Have any of you been to Cuba? When you go, you will see as I have with my own eyes the Cuban people communicating using smartphones at the expanding number of hotspots. They are talking with friends and relatives in the U.S. and other countries. Home internet is beginning. Public notice is given about the plans for reducing internet prices. And the prices really do go down. Cubans use Facebook and Twitter and email.“In 2009, I was with a group of British union officials in Havana when their cell phone rang — their phones worked in Cuba, but mine did not. Canadian phones worked in Cuba. Now my phone works in Cuba, too. The Cuban telecom company ETECSA has agreements with AT&T, Sprint, T-Mobile, Verizon and Google. Those agreements became possible when this government — not the Cuban government — this government stopped blocking them.“After 120 years, the United States must come to grips with the fact that Cuba does not belong to the United States. How is it proper to sit in the U.S. State Department and discuss this matter as though Cuba is not a sovereign country?“Do you want to assess challenges and opportunities for expanding internet access? Let’s start with my city, Detroit. The FCC reported as recently as 2015 that 40 percent of my city’s residents have no access to the internet. Let’s use the budget for this Task Force and the previous radio/TV and internet regime change projects dreamed up in Washington for infrastructure to bring quality, affordable internet access to all in cities like Detroit and rural areas, too.“So to improve internet access in Cuba, negotiate with the Cuban government in a respectful and equal way, end the blockade and travel restrictions, and return the occupied Guantánamo territory to the Cuban people.”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

One journalist shot and four arrested as violence and crackdown continue

first_img NepalAsia – Pacific Follow the news on Nepal May 29, 2019 Find out more June 8, 2020 Find out more RSF_en Khagendra Shrestha, the editor of the newspaper Dharan Today, was shot and badly wounded by two gunmen in the eastern town of Dharan yesterday, while at least four journalists have been arrested at demonstrations against the king in the past week. Reporters Without Borders calls for their immediate release. Reporters Without Borders today condemned an increase in violence and repressive measures against journalists in Nepal, in which a provincial newspaper editor was shot and badly wounded in his office yesterday and at least four journalists were arrested during protests against the king in the past week.The press freedom organization called for a thorough investigation to determine the circumstances and motives for the shooting of editor Khagendra Shrestha yesterday in the eastern town of Dharan. It also requested the immediate release of the four detained journalists – Sharad Adhikari, Arjun Dhanuk, Ganesh Lama and Suryaa Thapa.The editor of the Dharan Today daily newspaper, Shrestha was shot twice in the head in his office by two gunmen, who got away without being stopped. He was taken to a local hospital and then to Siliguri, in northeastern India, for treatment and was reported to be in a very serious condition. The security forces said they thought the Maoist rebels were behind the shooting, but there was no immediate claim from the Maoists.Adhikari, a reporter for the satellite TV station Channel Nepal, was arrested on 14 March in the western town of Ghorahi while covering a pro-democracy demonstration. He was taken to the district police station in Ghorahi and it was feared he could spend three months in prison.The editor of the weekly Abhimat, Dhanuk was arrested the same day after a protest against King Gyanendra in the western town of Mahendranagar. A member of the People’s Front Nepal (PFN), a communist leftist party, he was transferred to the police station of the Kanchanpur district.Lama, a reporter for the weekly Jana Prahaar, was arrested on 13 March in the capital, Kathmandu, while covering a demonstration against the king. He is being held at the Ward police station in the Kamal Pokhari district of Kathmandu.Thapa, a reporter for the weekly Haank and leader of the Communist Party of Nepal (CPN-UCM), was arrested on 8 March while taking part in a meeting organized by political parties to mark International Women’s Day. She is being held in the Mahendra police station in Kathmandu.As a Nepalese delegation was participating in the opening of the UN human rights commission’s annual session in Geneva on 14 March, many demonstrations were held in Nepal to protest against King Gyanendra’s seizure of full powers on 1 February. Hundreds were arrested when the security forces dispersed the protests. News Receive email alerts Help by sharing this information March 16, 2005 – Updated on January 20, 2016 One journalist shot and four arrested as violence and crackdown continue to go further News Nepalese journalists threatened, attacked and censored over Covid-19 coverage Nepal: RSF’s recommendations to amend controversial Media Council Bill NepalAsia – Pacific News Organisation News Under Chinese pressure, Nepal sanctions three journalists over Dalai Lama story May 17, 2019 Find out morelast_img read more

Deltic Energy increases resource estimate for Selene prospect in UK North Sea

first_img The Selene prospect is located in license P2437 in the UK North Sea. (Credit: gloriaurban4 from Pixabay) UK-based oil and gas exploration firm Deltic Energy has announced a ‘material increase’ in the estimated gas volume, compared to previous estimates, at the Selene prospect located in license P2437 in the UK North Sea.The firm said it has also significantly increased the geological chance of success rate to 70% in August 2020 from the previous estimate of 39% in 2019 at the Selene prospect.The new estimates of the gas reserves follow the completion of technical analysis, which outlined the increased gas initially in place (GIIP) volumes.As per the new estimates, the prospect’s in-place P90 gas resources stand at 286 billion cubic feet, which is a 12% increase compared to the previous estimate in 2019, while the P50 gas resources stand at 629 billion cubic feet, a 44% increase compared to last year.Deltic Energy owns 50% stake in license P2437Deltic Energy operates the license P2437 with 50% stake while the remaining stake is held by Shell.In a press statement, Deltic Energy said: “This process has comprised a considerable amount of work in relation to the existing reprocessed 3D seismic and utilised an innovative technological approach to depth conversion which was undertaken by a joint Deltic-Shell team.“Further work on the depositional environment, structural history, gas charge timing and reservoir quality prediction was also completed as part of this process.”Deltic said that the work will now focus on potential development scenarios, project economics, and estimation of recovery factors required for determining the well investment decision. Drilling activity at the Selene prospect is planned in 2022.Deltic CEO Graham Swindells said: “The significantly increased gas volumes and decreased risk profile further cements the importance of Selene as one of the largest undrilled Leman Sandstone structures in this mature play.“We are encouraged by the level of technical and human resources being deployed on this project by Shell and will continue to work with them towards securing a firm drilling commitment for the proposed 2022 well on Selene.” Deltic Energy has also significantly increased the geological chance of success rate at the Selene prospectlast_img read more