Category: tqngx


Close Brothers reports solid start to year


first_img CLOSE Brothers said overall performance during the first quarter was solid yesterday, driven by good loan book growth on continued demand for its specialist lending services. The merchant bank said its loan book stood at £3.1bn at the end of October compared to £2.9bn three months earlier, an increase of seven per cent. It said it also remained positive about the outlook for the full financial year.However, Close said its bad debt ratio grew slightly compared to the first six months of the year due to a problem property portfolio although it said it expected its bad debt ratio to be lower by the end of the 2011 financial year. The bank’s asset management division made a small loss as it continued to invest for future growth, particularly in private clients. Total funds under management increased 14 per cent to £8.5bn at 31 October 2010, compared to £7.4bn three months earlier reflecting the acquisition of the Chartwell Group and market movements. Close Brothers said its securities division had recorded sound performance although its derivatives trader, Mako, had been subdued due to lower volumes and volatility. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp Close Brothers reports solid start to year Thursday 18 November 2010 8:03 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharecenter_img Show Comments ▼ whatsapp KCS-content Tags: NULLlast_img read more


US and Australian growth boosts Flutter in 2019


first_img Topics: Casino & games Finance Sports betting DFS 27th February 2020 | By contenteditor US and Australian growth boosts Flutter in 2019 Flutter Entertainment has reported a 14.3% year-on-year increase in revenue for 2019, with growth in the US and Australia offsetting declines in its online sports betting and retail businesses. Regions: Oceania UK & Ireland US Australia Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Fantasy Sports Mobile Online Gambling OTB and Betting Shops Flutter Entertainment has reported a 14.3% year-on-year increase in revenue for 2019, with growth in the US and Australia offsetting declines in its online sports betting and retail businesses.However, rising costs including tax hikes in the UK, Ireland and Australia weighed on the operator’s earnings, for which it reported declines.Revenue for the year ended 31 December 2019 grew to £2.14bn (€2.53bn/$2.76bn), driven by a 13.1% hike in sports betting revenue to £1.67bn, and an 18.5% increase in gaming’s contribution, to £473m.On a proforma, constant currency basis, as if all acquired assets were incorporated from 1 January 2018 and all converted into GBP, revenue would have been up 9% year-on-year.The majority of revenue came from the Paddy Power Betfair Online business. The division saw its full-year total rise 6.1% to £1.01bn, aided by the acquisition of Georgia-facing Adjarabet in February 2019, and the Paddy Power brand.However, changes made to Betfair’s sportsbook offering led to sports betting revenue falling 1.8% to £666m. Fixed-odds betting revenue was flat, Flutter noted, with exchange and B2B revenue down 5%, on stakes of £5.18bn, down 4.9%.This was more than offset by a strong year for gaming, for which revenue was up 25.9% to £340m, supported by new advertising campaigns. However, this may fall going forward, as Flutter shifts its focus away from high-value customers to a lower-spending, more recreational player base.In Australia, staking for the year was flat on a constant currency basis (but up in Australian Dollars) to £4.30bn. From a net revenue margin of 10.4%, the operator held £446m in revenue, up 10.7%.The profitability of the division was affected by a shift to point of consumption tax regimes in a number of Australian states, which resulted in cost of sales as a percentage of revenue rise to 40.7%.The year’s star performer proved to be the US, which Flutter noted had been “transformed” by the acquisition of FanDuel in May 2018. This saw sports betting stakes soar from £423m in 2018 to £2.33bn in 2019, with FanDuel’s daily fantasy sports database providing 42% of its US customers.On a reported basis, revenue was up 96.9% to £376m, or 59.3% on a proforma basis. This broke down to £325m from sports betting (up 89.0%) and £51m from gaming (up 155%).The FanDuel sportsbook alone saw revenue clear £100m in 2019, compared to £11m in the prior year, equating to a 44% online market share across the four states it is live. This growth positively impacted casino cross-sell, to the point that by December 2019, 54% of gaming revenue came from sportsbook customers.“In the US, FanDuel finished 2019 as the largest online sportsbook and casino, less than 18 months after the launch of our sports betting operations,” Flutter chief executive Peter Jackson (pictured) said. “Our online market share during 2019 of 44% in the states where we have gone live is testament to the quality of our products, brand and team.“We remain as confident as ever in the size of the prize in the US and in our strategic approach which positions us well for the future.”The TVG advance deposit wagering business and daily fantasy sports, meanwhile saw revenue climb 4% over the year.Finally, retail stakes were up marginally to £1.79bn, with revenue falling to £312m, a 5.7% year-on-year decline.While the operator was less exposed to the effects of the £2 fixed odds betting terminal (FOBT) stake cut than some of its UK peers, revenue from the machines fell 34% from April, when the cut was enforced. Performance improved however, though total retail gaming revenue still finished the year down 25.5% at £82m.Sports betting, on the other hand, saw revenue grow 3.6% to £230m. Flutter noted that its retail betting operation benefitted from rival shop closures and efforts to create a more immersive betting experience in its Irish estate drove growth.Cost of sales for the year, as a result of rises in Remote Gambling Duty in Great Britain, a tax hike in Ireland and the introduction of point of consumption taxes across Australia, increased 38.3% to £650m. This left a gross profit of £1.49bn, up 6.2%.Sales and marketing outlay rose to £465m, while product and technology costs were up 15.3% at £166m. Operating costs grew to £378m, while central costs increased marginally to £55m. The increased in expenditure was due in part to the introduction of the IFRS 16 accounting principle, which changes how liabilities and lease expenses are reported.This left underlying earnings before interest, tax, depreciation and amortisation of £425m, down 5.8% from 2018. After depreciation and amortisation of £145m was stripped out, operating profit for the year stood at £281m, a 21.9% decline.After underlying net interest expenses of £14m and £131m in separately disclosed items – relating to the amortisation of acquisition-related intangibles and transaction fees – pre-tax profit was down 37.9% at £136m. After income taxes totalling £23.8m, Flutter’s net profit fell 38.1% to £112m.“2019 was a very significant year for Flutter, with further successful expansion in the United States, enhancement of responsible gambling initiatives within our business and the announcement in October of our proposed merger with The Stars Group,” chief executive Jackson commented.“I am immensely proud of the group’s performance given the complex regulatory environment.“The entrepreneurial culture of our business and the quality of our people are continuing to drive our global expansion while providing our teams with the opportunities they seek to develop their careers and gain new experiences.”The Stars Group reported its own results for 2019 today (27 February), with a strong performance in the UK and Australia thanks to the acquistions of acquisitions of Sky Betting & Gaming and BetEasy ensuring revenue grew 24.6% to $2.53bn (£1.97bn/€2.32bn). Combined revenue of the two businesses exceeded $5bn. 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Betpoint Group names ex-ComeOn chief Merzoug as new CEO, eyes M&A


first_imgHe also previously held senior roles at Evoke Gaming, Bonnier Gaming and Red Bet.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “We are at the very beginning of an extraordinary growth trajectory and we can’t wait to share our expansion plans with the industry, but until then, watch this space.” 19th May 2021 | By Robert Fletcher Online gambling operator Betpoint Group has appointed Lahcene Merzoug, the former chief executive of ComeOn Group, as its new CEO. Merzoug will oversee Betpoint’s expansion plans, with the aim of expanding its flagship brands 21.com, Justspin, NitroCasino, NeonVegas and UltraCasino into new markets. “I’m delighted to be joining such an ambitious and driven organisation,” Merzoug said. “We have an incredible team of people that form the Betpoint Group and together we make for a powerful proposition.  Merzoug joins Betpoint having spent two years as CEO of ComeOn Group, prior to which he was chief marketing officer at Green Media, the internal media agency of Mr Green. People moves As CEO, Merzoug will also help to identify possible merger and acquisition targets for the Malta Gaming Authority-licensed operator.  Betpoint Group names ex-ComeOn chief Merzoug as new CEO, eyes M&A Topics: People People moves Subscribe to the iGaming newsletter Email Address Tags: ComeOn Betpoint Lahcene Merzouglast_img read more


Chawrasia, Shubhankar set for inaugural Cyprus Open


first_imgSportSport News Football Football By Kunal Dhyani – October 28, 2020 YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesEnjoy Affordable Freight & Shipping Services With These Service ProvidersFreight & Shipping Quotes | Search Ads|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo Euro 2020, Switzerland vs Turkey: Top 5 players to watch out for in SUI vs TUR Football RELATED ARTICLESMORE FROM AUTHOR PSL 2021 Playoffs Live: How to watch PSL 2021 Playoffs LIVE streaming in your country, India Football Football Facebook Twitter Share on Facebook Tweet on Twitter Football Chawrasia, Shubhankar set for inaugural Cyprus Open Euro 2020, Switzerland vs Turkey LIVE: Switzerland to punish hapless Turkey; Follow Live Updates Euro 2020, Italy vs Wales LIVE: Verratti returns for Italy, Ampadu starts for Wales, check full line-ups; Follow Live Updates, Football by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeIPL 2020: Bad news for Sunrisers Hyderabad’s Jonny BairstowUndoFree Fire Redeem Codes for April 13th, Best ways to Redeem themUndoGarena Free Fire: Top Three App tricks to earn Free Diamonds in Garena Free Fire OB28 VersionUndoSharma has been a busy man since the European Tour restarted. Beginning from the second event on the UK Swing in the Hero Open, Sharma has played seven weeks in a row before taking a week off and then played four more before resting last week.“I am not feeling tired. I am happy playing as much as I can. That’s what I wanted to do when we were in a lockdown. Having said that I am not getting the results,” said Sharma.His best in 11 starts has been tied 26th at the Scottish Open and he was tied 37th at the Scottish Championship.Sharma has played well in patches, but is yet to find his rhythm. He is hoping Cyprus will be the place as he tees off in the One million Euro event.Chawrasia, who has won each of his four European Tour titles at home in India, was planning to return to action for the UK Swing, before being struck down by COVID.He recovered from the illness and then attended to his mother, who was not well. He finally returned to action at the Scottish Championship, where he had a great start for first two days but was unable to carry the momentum into the weekend.“This is one of the most beautiful golf courses I have seen. It is hilly and will require a lot of accuracy and the greens are pure,” said Chawrasia.Meanwhile, Laurie Canter, who recorded his second runner-up finish and third top five since the restart, wishes to go one better than the second place last week at the Italian Open, where he finished one shot behind champion Ross McGowan.He is now ready to throw himself into this week’s inaugural Aphrodite Hills Cyprus Open. During the lockdown, Canter stayed fresh by taking on the likes of Richard Bland, James Morrison, Justin Harding and Jordan Smith at The Wisley Golf Club and that helped him when competition resumed in July.On Cyprus, which is hosting European Tour golf for the first time an impressed Canter said, “The facility looks unbelievable from what I’ve seen so far. I’m really excited to see the golf course. It looks like we’re going to have some undulation. A few up and down tee shots.”Canter’s fellow Englishman Andy Sullivan has also been in fine form since the restart, claiming a sensational seven shot victory at the English Championship and recording three other top ten finishes — including joint third at the BMW PGA Championship earlier in October.The field also has the Hero Open winner, Sam Horsfield. Formula 1 Euro 2020, Italy vs Wales: 3 key battles to watch out for in ITA vs WAL TAGSCyprus OpenShubhankar set for inaugural Cyprus OpenSHUBHANKAR SHARMASSP Chawrasia SHARE Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country ATP Tour Euro 2020, North Macedonia vs Netherlands: Top 5 players to watch out for in MKD vs NED Euro 2020: Didier Deschamps offers Ousmane Dembele update ahead of Portugal match Previous articleHazard’s return to Real Madrid will be gradual, says ZidaneNext articleDAZN announces launch of global sports OTT play in 200 countries by December 1 Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Football India’s Shubhankar Sharma will be back in action for the inaugural Aphrodite Hills Cyprus Open, starting here on Thursday, and he will have for company, SSP Chawrasia.Chawrasia returned to competition at the Scottish Open and then missed the cut last week at the Italian Open. Queens Club Final: Matteo Berrettini beats Cameron Norrie in final to win title F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rdlast_img read more


Maendeleo Bank Plc (MBPLC.tz) Q32020 Interim Report


first_imgMaendeleo Bank Plc (MBPLC.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2020 interim results for the third quarter.For more information about Maendeleo Bank Plc reports, abridged reports, interim earnings results and earnings presentations visit the Maendeleo Bank Plc company page on AfricanFinancials.Indicative Share Trading LiquidityThe total indicative share trading liquidity for Maendeleo Bank Plc (MBPLC.tz) in the past 12 months, as of 4th June 2021, is US$392.9438 (TZS837K). An average of US$33 (TZS69.75K) per month.Maendeleo Bank Plc Interim Results for the Third Quarter DocumentCompany ProfileMaendeleo Bank Plc is a leading financial institution in Tanzania offering banking products and services to micro entrepreneurs, small and medium enterprises and corporate clients. It offers the full spectrum of financial solutions ranging from current, savings and time deposit accounts to micro, small and medium-sized loans. Maendeleo Bank also offers insurance solutions for business, domestic, motor, personal accident, group personal accident and all risks insurance; as well as foreign exchange products, investment services in government securities and mobile and internet banking. Maendeleo Bank Plc is listed on the Dar es Salaam Stock Exchangelast_img read more


New expert advice section on UK Fundraising


first_img Howard Lake | 24 September 2006 | News New expert advice section on UK Fundraising UK Fundraising has launched the first part of a new advertorial section in which sector leading organisations share their expert advice. Opening this new section is Charity Technology Trust with an introduction to paperless direct debits.The new expert advice section will expand to include focused advice from a range of sector organisations and individuals designed to cover key elements of fundraising and related activities.Charity Technology Trust offer paperless direct debit services together with many other services such as online payments, online lotteries, ICT consultancy, and donated software/technology. The charity was set up to help other charities improve their effectiveness through the use of technology. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  22 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Giving/Philanthropy 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


Global actions show solidarity with people of Gaza


first_imgOn Al-Quds Day outside the U.S. Embassy in Jakarta, Indonesia, June 8, 2018.On Al-Quds Day (Jerusalem Day), June 8, Israeli soldiers fatally shot four protesters, including a 15-year-old, in Gaza and wounded 600, with 254 people hospitalized. They were among the 10,000 Palestinians walking to the Gaza border fence. Protests took place in five locations that day. Overhead, Israeli drones hovered, dropping flammable materials and tear gas.  Since 1979, hundreds of thousands of people in the Middle East have protested Israel’s occupation of Jerusalem on al-Quds day, the last Friday of the Muslim holiday of Ramadan, to show wholehearted solidarity with the Palestinian people.The February decision by White House resident Donald Trump to recognize Jerusalem as Israel’s capital and move the U.S. Embassy there triggered mass protests in Palestine, elsewhere in the Middle East, and in cities around the world, including in the U.S.Since March 30, Palestinians have participated in the Great March of Return to the border fence separating Gaza and Israel, insisting on their right to return to their homeland of Palestine, now Israel. Gaza’s population comprises Palestinians violently forced from their houses, farms and villages during Israel’s founding in 1948 and their descendants.  They object to the theft of their land, Israel’s inhumane blockade of Gaza and the U.S. Embassy’s relocation to Jerusalem.The Israeli Defense Forces have responded with brute force, killing at least 129 Gazans and wounding another 13,300. (TeleSUR, June 9)  World outrage has soared at Israel’s murderous war on the Palestinian people, held in Gaza’s “open-air prison.” Global demonstrations have shown concrete solidarity with this besieged, but resolute people, including on al-Quds Day.Solidarity on al-Quds Day …Syrians and Palestinians marched together in Damascus, in the old city to the Umayyad Mosque.  A Palestinian in Syria, Hamid Hassan, said that Al-Quds Day “means a lot for us. Jerusalem is an Arab land.”  (The Daily Star, June 9) Israel annexed East Jerusalem in 1967.Tens of thousands marched in Tehran and 900 other Iranian cities and towns to condemn Israel’s occupation and murderous violence. Thousands marched in Baghdad, Iraq.  In Islamabad, Pakistan, protesters burned Israeli and U.S. flags, as well as an effigy of Trump. Protests also took place in New Delhi, India, and in Sydney and Melbourne, Australia.Chants of “Freiheit fur Palastina” (Freedom for Palestine!) resonated in Berlin and Vienna.  Some 2,500 people, a larger-than-usual crowd, marched in the German city, calling for a boycott of apartheid Israel.  Hundreds of medical workers carried photos of 21-year-old Palestinian medic Razan al-Najjar slain by an Israeli sniper on June 1.Hundreds of demonstrators were on the streets in Vienna; many carried a replica of the apartheid wall on Gaza’s border.  They called for global solidarity for Palestinians fighting the occupation and oppression and for worldwide action against Israel’s atrocities.In London, chants of “1, 2, 3, 4!  Occupation is no more!” rang out.  Signs read, “No more genocide!” and called for a boycott of Israel. In Canada, thousands, including medical workers, marched in Toronto to the U.S. Consulate General’s office. They called out,  “Gaza, Gaza, Don’t you cry! We won’t let you die!” “Viva, Viva Palestine!” and “Justice for Palestine!” Some signs read, “Zionism is racism!”  A Walk for Palestine Liberation and Gaza Freedom took place in Ottawa to the Israeli Embassy. Anti-Zionist rabbis from the Neturei Karta International community marched in Berlin, Toronto and New York City in opposition to Israeli apartheid.Actions took place in 23 U.S. cities, including Cleveland, Chicago, Minneapolis/St. Paul, New York, Philadelphia and Washington, D.C.… And more Palestinian protestsHundreds of people took part in two demonstrations in Haifa, Israel, on June 1, against Israeli attacks on Gaza.  Early in the day, 300 people rallied, including Arab legislators and activist Jafar Farah, who said a police officer shattered his knee in detention after a demonstration protesting Israel’s violence in mid-May. That night, hundreds of youth and others protested IDF assaults on Gazans.  In Nabi Saleh on the Occupied West Bank, Israeli soldiers fatally shot 21-year-old Izzedine Tamimi, cousin of 17-year-old Ahed Tamimi, Israeli political prisoner, after removing him from his house, on June 6. He was the third member of the Tamimi family executed this year by the IDF. Eyewitnesses say military forces prevented paramedics from treating him. Subsequently, soldiers attacked angry village residents.Then, on June 10, in central Ramallah in the Occupied West Bank, 1,500 people demanded that the Palestinian Authority lift its sanctions on Gaza. “It is the biggest popular show of solidarity toward Gaza in the West Bank since the beginning of the Great March of Return in Gaza,” reported Israeli newspaper Haaretz on June 11. Several Palestinian residents of Jerusalem participated, while the demonstration size kept increasing.Palestinian political leaders walked alongside university students. The crowd chanted pro-Gaza slogans and held photos of martyr Razan al-Najjar. Other slogans were “Shame on you, you sold Gaza in dollars” and “With soul and blood, we will save you, Gaza.”LGBTQ, Jewish activists: ‘End the siege!’Hundreds of LGBTQ activists blocked the LGBTQ Pride march in Tel Aviv on June 8, saying, “There is no pride in occupation.” A video posted at NYC Solidarity with Palestine on Facebook shows a self-identified queer activist asserting that Israel uses “pinkwashing” to “distort horrible atrocities in the West Bank, Gaza and across Palestine.”   Organizer Tamar Ben Davi explained, “We came here to protest the cynical exploitation of the LGBTQ struggle for the good of the Israeli government’s crimes, which is why we came with a fence.”  Nearby Israeli soldiers “are shooting people exercising the right to protest.” Yuli Novak said the LGBT community’s challenges “are not disconnected from the struggle for the rights of others. In every struggle that celebrates freedom and liberation, we will be here to protest against the crimes committed in our names.” (TeleSUR, June 9)A flier distributed in Tel Aviv read: “The Israeli Government markets Tel Aviv as a city of freedom, and yet 70 kilometers away from here there are two million Palestinians jailed in Gaza. … As members of a community that is still fighting for full rights and equality, we will not be silent in the face of human rights violations and repression of the freedom to protest. We will stand in solidarity with Palestinians living under occupation and under siege.”  Israeli Jewish activists, self-named “RETURN,” hung photos of martyrs of the Great Return March on Gaza’s “Apartheid Fence” on June 7, in response to the call for international solidarity.  They called for worldwide sanctions on Israeli industries.A participant said: “The Palestinians besieged in Gaza are marching home, back to the villages and cities from which they were expelled. They are marching out of the desert that Israel has transformed Gaza into, and because of this, the Israeli occupying army is murdering them in cold blood. The courage and sacrifice of these people demand all of us to stand up and ensure an end to Israeli impunity. Apartheid must end, and we are the ones who must end it.” (Mondoweiss, June 7)Bill Dores contributed to this article.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more


Pasadena Chamber Placed 50 Pasadena Unified High School Students into Employment Internships This Summer


first_img More Cool Stuff Make a comment Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Subscribe Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Business News Pasadena Chamber Placed 50 Pasadena Unified High School Students into Employment Internships This Summer Chamber Partnership with PUSD Placed Local High School Students in Meaningful Work Experience Opportunities During Summer From STAFF REPORTS Published on Tuesday, August 23, 2016 | 12:07 pm HerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeautyTop 9 Predicted Haircut Trends Of 2020HerbeautyHerbeautyHerbeautyTips From A Professional Stylist On How To Look Stunning In 2020HerbeautyHerbeauty Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Name (required)  Mail (required) (not be published)  Website  EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDScenter_img Your email address will not be published. Required fields are marked * First Heatwave Expected Next Week Top of the News 6 recommended0 commentsShareShareTweetSharePin it Business News Working with the College and Career Pathways office at Pasadena Unified School District, the Pasadena Chamber of Commerce placed 50 PUSD high school students in internship opportunities with local employers this summer. The achievements of those students and the partnership with host companies was celebrated at Brookside Golf Club on Saturday, August 20, 2016, an event hosted by the PUSD. Mayor Terry Tornek was on hand to give a welcome and appreciation for the collaboration between the PUSD, the Chamber and Armory Center for the Arts, who also placed interns this summer.The Chamber’s Workforce Development Manager, Amy Foell, worked to find placements for students in the Health Careers Academy, Culinary Arts and Hospitality Academy, both at Blair High School, the Law and Public Service and App Academies at Pasadena High School and the Business and Entrepreneurship and Engineering and Environmental Science Academies at Muir High School.Student interns were required to serve a minimum of 60 hours of internship from June to August. The Pasadena Chamber of Commerce provided the bridge between the Pasadena Unified School District and Chamber member companies for intern placements. Students worked in local law offices, the office of the Pasadena City Attorney, health and senior care facilities, engineering and construction companies, automotive and technology companies. One Pasadena High School student spent the summer working at Jet Propulsion Laboratory.“There are tangible benefits for the students who take part in job shadowing and internships,” said Ms. Foell. “We see the excitement and enthusiasm first-hand and hear about how the experience informs decisions the students make about their futures.”Of the students who took part in the Chamber internship in the summer of 2015, the graduating class of 2016, two are serving our country in the military, one is still deciding about her future path and the remaining 46 are furthering their education.Students placed by the Chamber in 2016 had extensive training in appropriate workplace dress and behavior, punctuality, customer service, communications and business ethics. Ms. Foell placed the students, oversaw their training, monitored their summer experiences and is evaluating the success of the summer internships.High school interns are also required to attend a weekly summer class for elective credit pertaining to time management, professionalism and workplace behavior and ethics. In order to complete the internship program successfully all students must give a final presentation about their experience and receive a letter of recommendation from their supervisor. The summer hours accrued go towards work-based learning hours required for graduation.Businesses and organizations are always needed to provide internship placements, job shadow opportunities and classroom speakers in the restaurant and hospitality industry, healthcare, legal profession, veterinary, engineering, construction, business and entrepreneurship, environmental and law enforcement professions.Benefits for participating companies are: low to no cost, short-term support, an introduction to motivated youth for your hiring pipeline, assistance with technology and innovative ideas plus the satisfaction of adding value to the Pasadena community.“Host companies get the drive to succeed and perspective of a younger person in the workplace, along with a great amount of enthusiasm,” said Pasadena Chamber CEO Paul Little. “We host interns each summer in our offices and always enjoy the experience. There is tremendous value, for us and the interns.”The program is so successful for employers that host companies donated more than $5000 toward stipends for their student interns this year. “There was no requirement that interns be paid, but we had a huge response from companies that wanted to reward the interns for their hard work and contribution to the company’s success,” said Ms. Foell. “A few companies opted to put their interns on the payroll. This is ideal because the students get a real-world perspective, including withholdings and deductions from their paycheck. We even had some interns who were offered employment by their host companies once their internship was finished.”All Pasadena Unified student interns have work permits, liability and worker’s compensation insurance provided through the school district.Any local company wanting information on hosting and intern or other involvement in the Chamber initiative with Pasadena Unified can email [email protected], call the Chamber office at (626) 795-3355 or fill out an inquiry form at www.pasadenayouthworks.org.The Pasadena Chamber of Commerce and Civic Association is a professional business organization. Since the earliest days of Pasadena, the Chamber has played a major role in the development of this internationally renowned city. Since 1888, when the organization was founded as the Board of Trade, the Chamber’s primary purpose has been the enhancement of both the business climate and the quality of life in Pasadena. The Pasadena Chamber of Commerce serves more than 1400 members. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,PCC – EducationDarrel Done BusinessVirtual Schools PasadenaDarrell Done EducationHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community Newslast_img read more


Fannie Mae Portfolio Declines Again In October


first_imgHome / Daily Dose / Fannie Mae Portfolio Declines Again In October The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Fannie Mae Portfolio Declines Again In October Subscribe December 1, 2014 1,134 Views Fannie Mae’s gross mortgage portfolio declined for the 51st time in the last 52 months in October, according to the mortgage giant’s October 2014 Monthly Summary released recently.The balance of Fannie Mae’s gross mortgage portfolio stood at $436.2 billion at the end of October, representing a compound annualized rate decline of 5 percent from September, according to the summary. With the exception of December 2012, when the portfolio grew in value at a compound annualized rate of 1 percent, the value of the portfolio has declined every month since June 2010. At the end of that month nearly four and a half years ago, the portfolio’s value was almost $818 billion.Year-to-date in 2014, the portfolio has declined at an average annualized rate of 13.2 percent.Fannie Mae’s total book of business components also declined in October after seeing its first increase of 2014 in September, according to the summary. The book of business decreased at a compound annualized rate of 0.9 percent, down to nearly $3.2 trillion. The book of business has declined in 10 out of the last 11 months and has declined at an average compound annualized rate of 1.8 percent year-to-date.Also in October, the serious delinquency rate on Fannie Mae’s conventional single-family mortgage loans declined by four basis points from September down to 1.92 percent, according to the summary. October marked the 35th month in a row the serious delinquency rate declined at least one basis point month-over-month; the last time the rate did not decline was when it held steady at 4.0 percent from October to November 2011. The rate has not increased since January to February 2010, when it jumped from 5.52 percent up to 5.59 percent.The value of Fannie Mae’s mortgage-backed securities and other guarantees totaled nearly $2.8 trillion in October, representing an annualized compound growth rate of 1.0 percent from the previous month, according to the summary.Fannie Mae completed 9,540 loan modifications in October and has completed 106,455 loan modifications year-to-date as of October 31, 2014. About Author: Brian Honea Tagged with: Fannie Mae Mortgage-Backed Securities Serious Delinquency Rate Volume Summary Data Provider Black Knight to Acquire Top of Mind 2 days ago Fannie Mae Mortgage-Backed Securities Serious Delinquency Rate Volume Summary 2014-12-01 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Share Save Demand Propels Home Prices Upward 2 days agocenter_img Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Previous: Sixteen Charged in Nationwide House Flipping Telemarketing Scam Next: DS News Webcast: Tuesday 12/2/2014 Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days agolast_img read more


Nitrogen inputs by marine vertebrates drive abundance and richness in Antarctic terrestrial ecosystems


first_imgBiodiversity is threatened by climate change and other human activities [1], but to assess impacts, we also need to identify the current distribution of species on Earth. Predicting abundance and richness patterns is difficult in many regions and especially so on the remote Antarctic continent, due to periods of snow cover, which limit remote sensing, and the small size of the biota present. As the Earth’s coldest continent, temperature and water availability have received particular attention in understanding patterns of Antarctic biodiversity [2], whereas nitrogen availability has received less attention [3]. Nitrogen input by birds is a major nutrient source in many regions on Earth [4, 5, 6, 7], and input from penguins and seals is associated with increased plant growth [8, 9, 10] and soil respiration [11, 12, 13] at some Antarctic locations. However, the consequences of increased nitrogen concentrations in Antarctic mosses and lichens for their associated food web has hardly been addressed [14, 15], despite the fact that nutrient status of primary producers affects the abundance and diversity of higher trophic levels [16, 17]. We show that nitrogen input and δ15N signatures from marine vertebrates are associated with terrestrial biodiversity hotspots well beyond (>1,000 m) their immediate colony borders along the Antarctic Peninsula. Invertebrate abundance and richness was two to eight times higher under penguin and elephant seal influence. The nitrogen footprint area was correlated with the vertebrate population size. These findings improve our ability to predict biogeographical patterns of Antarctic terrestrial biodiversity through knowledge of the location and size of penguin and elephant seal concentrations.last_img read more




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