Premier Oil shares surge on merger news. Is Tullow Oil next?

first_imgPremier Oil shares surge on merger news. Is Tullow Oil next? See all posts by Roland Head Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” The Premier Oil (LSE: PMO) share price has surged higher after the company announced plans to merge with privately-owned North Sea operator Chrysaor. The deal should secure Premier’s future and create a larger, more secure business.Here, I’ll explain why I think Premier Oil shareholders should probably sit tight. I’ll also look at whether Africa-focused producer Tullow Oil (LSE: TLW) could be the next crash casualty to attract a takeover bid.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…Premier Oil shares: a tight squeezeIn my last article on Premier Oil I warned that the group’s debt looked unsustainable. I suggested shareholders could face a total loss if the firm failed in its efforts to raise at least $325m by issuing new shares.Fortunately, that risk has now been eliminated. Today’s merger news means the planned fundraising is no longer needed. Instead, Chrysaor will repay Premier’s $2.7bn debt mountain and refinance the business more sustainably.What’s really happening is that Chrysaor is taking control of Premier by using a mix of cash and new shares to repay Premier’s lenders. The combined business will then trade under Premier’s existing stock market listing.As part of the deal, Premier’s lenders will be given shares in the combined business. Owners of existing Premier Oil shares will end up owning just 5.5% of the new group.Why I’d keep holding PMODespite the dilution faced by shareholders, I think this is probably a good deal. The combined business should have production of around 250,000 barrels per day, nearly four times Premier’s output.Estimated operating costs of $10.50 per barrel are 23% lower than those reported by Premier during the first half of this year.Shareholders should also enjoy a greater share of future returns too. Whereas Premier used all of its spare cash to repay debt, the new business is expected to pay dividends.Chrysaor’s shareholders will own 77% of the combined group. I don’t think they’d support this deal if they didn’t think it would earn them a positive return. I’ve upgraded my rating on Premier Oil shares to hold.Tullow Oil: the next takeover target?Shares in Africa-focused Tullow Oil have fallen by more than 90% over the 12 months, as the firm has suffered technical and financial problems.The firm now has a new CEO, Rahul Dhir, with plenty of relevant experience. But Tullow’s half-year results in September warned that the company could breach some of the terms and conditions on its lending next year if oil prices don’t improve.Tullow’s net debt of $3bn remains far too high for comfort, in my view. I think it’s likely Dhir will be forced to sell key assets, or seek out a buyer for the whole company.However, there’s also a risk the firm will struggle on for years, servicing its debts, but doing little more. In a situation like this, shareholders face a lot of risks.I don’t see any good reason to buy Tullow shares. Indeed, right now, I’d say Premier Oil shares are probably the better buy. 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. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Roland Head has no position in any of the shares mentioned. 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. 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. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Simply click below to discover how you can take advantage of this. Roland Head | Tuesday, 6th October, 2020 | More on: HBR TLW last_img read more

Gloucester have dealt with old tattoos after new emblem caused consternation

first_imgWednesday Jul 4, 2018 Gloucester have dealt with old tattoos after new emblem caused consternation Gloucester Rugby recently changed their emblem, causing a bit of an uproar with some fans, while others approved of the new look. Some, however, had more pressing concerns. Luckily for them, the club had a plan to take care of that.The club, who have had the same emblem for ten years, vowed to cover the costs of ‘replacing’ old tattoos, provided that happened before the start of the season.The Premiership club said: “If anybody who has the previous logo as a tattoo (2007-2018) and wants to have a tattoo of the new logo, then the club will cover the cost of this.”Gloucester chief executive Stephen Vaughan said in May: “We understand change is not for everybody and if they have taken the time, energy and commitment to put our crest on their bodies, then the least we can do is show the human side and our support.“We will reimburse them the cost of a tattoo if they wanted to get the new Gloucester Rugby logo tattooed on their person. That would have to be done at a tattoo parlour in Gloucester and we would give them up until the start of the new season to get in touch with us.”Unfortunately for the guy in this video, and perhaps many others, a cover-up of the old logo is a bit of a challenge, so now depending on how you look at him, you may see the old or new emblem.Good luck if they ever decide to change it again.credit: bbcADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error See it to Believe it Related Articles 25 WEEKS AGO WATCH: Experts explain what actually happens… 26 WEEKS AGO WATCH: Leigh Halfpenny makes yet another… 26 WEEKS AGO Parisse alley-oop magic sets up brilliant… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsDoctors Stunned: She Removes Her Wrinkles With This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Casa Vila Pinhal / Alexandre Faccin

first_imgSave this picture!© Favaro Jr.+ 36Curated by Matheus Pereira Share Photographs:  Favaro Jr.Arquiteto Responsável:Alexandre FaccinEngineering:AEOLUS EngenhariaLandscaping:Alexandre FaccinCollaborators:Construtora Aissa, Pastilhas Atlas, Stato Dell Arte Revestimentos, Pavão Revestimentos, Incepa, Roca, Franke, Gart, Escada e Cia, PerfiboxCity:ItirapinaCountry:BrazilMore SpecsLess SpecsSave this picture!© Favaro Jr.Recommended ProductsDoorsGorter HatchesRoof Hatch – RHT AluminiumDoorsVEKADoors – VEKAMOTION 82DoorsRabel Aluminium SystemsMinimal Sliding Door – Rabel 62 Slim Super ThermalDoorsVitrocsaGlass Technology in Hotel Beaulac“Sensations. Disruptions that capture our look and produce presence. Inside-out. Curves.” Such initial listening was added to a lake view and to the natural beauty of the Brazilian Cerrado.That was how the dwelling project began.On a white sheet, I started the sketches and remembered my studies on the Renaissance and the dazzle caused by Italian sculptures. Save this picture!© Favaro Jr.Save this picture!Section 1Save this picture!© Favaro Jr.An idea met my client’s request: the house evolving around a circular living room and a set of stairs acting as an ascending helicoidal connecting element. Externally, two bulkheads embrace a contorted Cerrado tree leading us to two paths: one to the entrance hall, covered with a roof garden, and the other to the leisure area. With different radii, such bulkheads to the cylindrical body would be blind gables to give perspective through the eye of the beholder and to produce a spiral movement – now in the facade integrating the native vegetation into the new dwelling.Save this picture!© Favaro Jr.The Brazilian modernist repertoire joined this concept. Even though the Modern Art Week took place nine decades ago, we are still influenced by the clarity of the material exposed in structures and closures, and by the lucidity of the shapes in relation to the internal content. The plasticity of the reinforced concrete establishes a direct connection with the esthetic model conceived, allowing rooms to have a completely open panel to the outside while still keeping elements pure and exposed, with no interference from unnecessary elements. The rusticity of the exposed concrete naturally inserts into the environment around the home, the Brazilian Cerrado.Save this picture!© Favaro Jr.Project matured and construction method defined.The same concept was sustainably applied in landscaping maintaining the native esthetic: various colors of Ipês, Buritis, Cagaitas, Cerrado horsetails with their delicate canaliculi and the beauty of Calliandra flowers. This project’s creative freedom triggered a careful look towards the place where the house now stands, towards our esthetic memory and, essentially, towards the subtleness of dwelling.Save this picture!© Favaro Jr.Save this picture!© Favaro Jr.Project gallerySee allShow less“Mario Botta: The Space Beyond” to be Revealed in NY in mid-OctoberArchitecture NewsKamyaran Project Proposes New Concept of School-to-City FacilityArticles Share 2018 Houses Architects: Alexandre Faccin Area Area of this architecture project “COPY” Year:  Projects Area:  220 m² Year Completion year of this architecture project CopyHouses•Itirapina, Brazil Brazil “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/926298/casa-vila-pinhal-alexandre-faccin Clipboard ArchDaily Casa Vila Pinhal / Alexandre FaccinSave this projectSaveCasa Vila Pinhal / Alexandre Faccin Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/926298/casa-vila-pinhal-alexandre-faccin Clipboard Casa Vila Pinhal / Alexandre Faccin CopyAbout this officeAlexandre FaccinOfficeFollowProductsConcreteBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesBrazilPublished on October 13, 2019Cite: “Casa Vila Pinhal / Alexandre Faccin” [Casa Vila Pinhal / Alexandre Faccin] 13 Oct 2019. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialMetal PanelsDri-DesignMetal Panels – CopperIn architectureSikaBuilding Envelope SystemsExterior DeckingLunawoodThermowood DeckingMembranesEffisusFaçade Protection – Breather+Metal PanelsPure + FreeFormCustom Metal Cladding – Legacy Fund 1 BuildingWood Boards / HPL PanelsInvestwoodWood Fiber Partition Walls – ValchromatDoorsLinvisibileLinvisibile FILO 10 Vertical Pivot Door | BrezzaSkylightsFAKROEnergy-efficient roof window FTT ThermoToilets / BidetsBritexToilets – Accessible Centurion PanMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

British Red Cross New Zealand earthquake appeal raises £1m

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 11 March 2011 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. The British Red Cross appeal to support the New Zealand Red Cross response to last month’s earthquake has raised over £1 million.The 6.3-magnitude earthquake on 22 February 2011 killed more than 160 people and left thousands unable to return to their damaged homes.Thanking those who had given, Mark Astarita, British Red Cross head of fundraising, said: “The appeal has really been driven both by the large Kiwi expat community in the UK and by British people who feel a special bond with New Zealand because of family links, travel and even sport.”Large donations have been given by organisations and companies including the Freemasons’ Grand Charity, Bupa and Astra Zeneca.The New Zealand Red Cross has had almost 100 staff and volunteers from all over New Zealand working in Christchurch, assisted by teams from the Australian Red Cross. Emergency grants are already being planned from the New Zealand Red Cross appeal fund to help people in Christchurch meet their immediate needs.“This appeal has really underlined the strength of the Red Cross Movement’s international reach,” commented Astarita. “We have been able to help people in the UK support people they care about right on the other side of the world.”www.redcross.org.uk  28 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 British Red Cross New Zealand earthquake appeal raises £1mlast_img read more

Flash mob at fundraising event

first_img Two thousand guests at a Tipping Point Community annual fundraising event were treated to a flash mob of dancers. The evening raised over $6.5m.The aim of the flash mob was to encourage guests to sit down to dinner.The flash mob dancers were themselves staff members, board members, and volunteers, and they had practised the dance in secret for a month before the annual gala event. Howard Lake | 22 June 2011 | News  41 total views,  1 views today  42 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Tagged with: Events Humour 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. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Flash mob at fundraising eventlast_img read more

Severe thunderstorms roll through Fort Worth, cause flooding

first_imgCRES negotiates move to interdisciplinary unit amid student resistance + posts Linkedin Previous articleTCU club polo defeats Stanford in California road tripNext articleTCU women’s soccer game postponed due to inclement weather Elizabeth Campbell RELATED ARTICLESMORE FROM AUTHOR Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Twitter Elizabeth Campbell is executive editor of TCU 360 and a senior journalism and political science double major. When not in the newsroom, she’s thinking about the news while probably watching TCU football or being a history nerd. Send her a tip if you have a story to share! Twitter Facebook ReddIt Alumna joins ‘Survivor’ reality show in quest for a million dollars Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Linkedincenter_img Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Abortion access threatened as restrictive bills make their way through Texas Legislature Facebook Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Elizabeth Campbell WATCH: Former Chief of Staff for Obama talks Trump administration, Democrats, liberal arts education Breakdown: Cambridge Analytica, information warfare ReddIt printSevere thunderstorms struck the Fort Worth area this morning resulting in flash flood warnings and road closures.According to the Texas Department of Transportation, numerous roads were closed including IH 35E heading northbound, SS 348 heading eastbound, SH 183 heading eastbound and Walton Walker Boulevard due to flooding. All have since reopened but traffic is moving slowly.According to the Fort Worth Police Department, the southbound East Loop 820 at Rosedale remains closed due to high water as of 2 p.m.. Traffic had been diverted to Lancaster.The National Weather service issued a warning about wind gusts and flooding that was in affect until 11:30 a.m..Lamont Bain, a representative from the National Weather Service in Fort Worth, said there are key things people can do to stay safe during flood conditions:Stay away from smaller creeks and streamsIf you see flooded roadways, turn around and find an alternate route.If an official has already barricaded an area, don’t attempt to use that road.Bain also said the forecast is “very wet, with some potential for flooding.”“This is our second round in 24 hours, and we have a couple more rounds coming through,” Bain said. “Much of the area is already seeing two to five inches of rainfall, and we think there’s around two to four more inches coming.”He said some areas could see as many as 10 or 12 inches.The severe weather is expected to begin to conclude around Saturday night or early Sunday, Bain said.Hurricane Patricia, a category five storm that’s expected to make landfall in Mexico later today, is not expected to contribute to Fort Worth’s weather, he said.“The hurricane is coming late in the game,” Bain said. “It’ll play a role for areas down south, especially as we get into the weekend, but as far as DFW, [the weather] is mostly successive rounds of thunderstorms.”According to The Weather Channel there is suppose to be a break in the rain until around 5 p.m today.Continue to check back here for updates as this story develops.  Grains to grocery: One bread maker brings together farmers and artisans at locally-sourced store Fort Worth set to elect first new mayor in 10 years Saturdaylast_img read more

French authorities urged to strip Putin of Legion of Honour

first_img Receive email alerts News BelarusEurope – Central Asia RSF_en BelarusEurope – Central Asia Reporters Without Borders today asked the French Council of State and President Chirac to strip Russian leader Vladimir Putin of the Grand Cross of the Legion of Honour, which Chirac awarded him on 22 September for his “contribution to friendship between France and Russia.” to go further “We welcome opening of criminal investigation in Lithuania in response to our complaint against Lukashenko” RSF says News Russian media boss drops the pretence and defends Belarus crackdown Related documents Legion of Honour CeremonyX-MS-WMV – 1.69 MB RSF at the Belarusian border: “The terrorist is the one who jails journalists and intimidates the public”center_img October 20, 2006 – Updated on January 20, 2016 French authorities urged to strip Putin of Legion of Honour читать на русском Reporters Without Borders today asked the French government to strip Russian leader Vladimir Putin of the Grand Cross of the Legion of Honour that President Chirac awarded him just one month ago, on 22 September. The request was addressed to the Council of State and to Chirac, as Grand Master of the Order of the Legion of Honour.“The Legion of Honour is France’s highest award and the Grand Cross is the highest rank within the order,” the press freedom organisation said. “We think Vladimir Putin is not worthy of this decoration and for this reason we have asked President Chirac and the Council of State to withdraw it.”Reporters Without Borders continued: “It beggars belief that Putin has been given one of the greatest honours France can bestow on a person. A total of 21 journalists have been murdered in Russia with almost total impunity since he became president. Chechnya is black hole for news coverage. Putin waited 48 hours before making any comment about the murder of Anna Politkovskaya, one of the few journalists to cover the Chechen conflict, and then he chose to say ‘her impact on Russian political life was minimal’.”The organisation added: “The European Court of Human Rights has condemned Russia twice, in February 2005 and on 12 October 2006, for its actions in Chechnya. It is outrageous to say Putin has rendered service to causes that France defends. We do not recognise France’s fundamental values in Putin’s discourse – when he says, for example, that he wants to wipe out Chechen terrorists in the shit-house, or when he describes the independent press as means of mass disinformation and tools for combatting the state, or when he tells a French journalist who asks him about Chechnya to come and get circumcised in Moscow so nothing grows back.”Acclaimed internationally for her courage and professionalism as a journalist, Politkovskaya was gunned down in her central Moscow apartment building on 7 October. Aged 48, she had worked for the biweekly Novaya Gazeta since 1999. She was supposed to have handed in an article, with photos, about torture in Chechnya for the 9 October issue. It never arrived at the newspaper. In her last book, “Russia according to Putin,” published this year in France, she not only criticised atrocities in Chechnya but also corruption and human rights violations in Russia.Download a segment of the video of the ceremony at which Putin received the Legion of Honour from Chirac. The audio commentary is from the “Arrêt sur image” programme broadcast by the French TV station France 5. May 27, 2021 Find out more Help by sharing this information News News Follow the news on Belarus June 2, 2021 Find out more May 28, 2021 Find out more Organisation last_img read more

Juliann Rooke Named Executive Director of Descanso Gardens

first_imgHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeautyThink The Lost Weight Won’t Be Regained If You Stop Eating A Lot?HerbeautyHerbeautyHerbeautyWhat Is It That Actually Makes French Women So Admirable?HerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeauty11 Ayurveda Heath Secrets From Ancient IndiaHerbeautyHerbeautyHerbeauty10 Vietnamese Stunners That Will Take Your Breath AwayHerbeautyHerbeauty 9 recommended0 commentsShareShareTweetSharePin it Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday 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. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News Your email address will not be published. Required fields are marked * Name (required)  Mail (required) (not be published)  Website  First Heatwave Expected Next Week Make a comment People Juliann Rooke Named Executive Director of Descanso Gardens Previously COO, Rooke Will Succeed Current Executive Director, David R. Brown, After His August 31 Retirement From STAFF REPORTS Published on Wednesday, May 3, 2017 | 4:15 pmcenter_img Top of the News Community News More Cool Stuff EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Business News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Juliann Rooke, chief operating officer at Descanso Gardens, has been selected to be the new executive director of the La Cañada Flintridge botanic garden. The announcement was made Tuesday, May 2, by Amy Lamb, chair of the Descanso Gardens Guild board of trustees. Rooke will step into the position on Sept. 1, following the retirement of current executive director David R. Brown on Aug. 31.“It’s an honor and a privilege to be selected as the next executive director,” Rooke said. “My heart and soul are rooted in Descanso Gardens. This is so much more than just a job.”Rooke has 22 years of experience in nonprofit management. She joined Descanso Gardens in 2008 as chief financial officer. In 2012, she moved up to chief operating officer with responsibility for all revenue-producing operations of the Gardens, including development and marketing. During this five-year period, the Gardens saw significant growth in attendance; membership doubled to the current 16,000 households; and financial results from operations increased substantially, providing more revenues to reinvest in the care and maintenance of the facility. Descanso Gardens is owned by the County of Los Angeles and has been managed by the Descanso Gardens Guild, Inc., a 501(c)(3) community-supported nonprofit, since 1993.Brown informed the Descanso Gardens Guild board of trustees a year ago that he would retire in August 2017 after 12 years as executive director. During the search for his replacement, the transition team considered dozens of candidates from botanic gardens, and from the for-profit and nonprofit sectors, Lamb said. “We looked at candidates from all over the country – internationally, too – and found the best person in the world for this job right here at home.”Brown too is enthusiastic about the board’s choice. “Juls has a unique commitment to the quality of the visitor experience,” he said. “There is great capacity in Juls for creative thinking about making the Gardens different and better while preserving the unique character of a place that is already well loved. She just radiates passion for and commitment to Descanso Gardens.”Among Rooke’s many accomplishments was the launch of “Enchanted: Forest of Light” in November 2016, a 43-night light show spectacular that introduced Descanso Gardens to a broader audience. “It was Juliann’s baby and she brought it home,” Lamb said.A native of Pasadena, Rooke earned a bachelor of science degree in accounting from the University of Southern California. Her career in nonprofit management includes stints at the Society for the Prevention of Cruelty to Animals Los Angeles and St. James School in Los Angeles. Rooke lives in San Marino with her husband, Andy Rooke, and her four children. An active community volunteer, she currently serves on the board of the San Marino Junior Alliance and is a former board member of the San Marino Schools Foundation.About Descanso GardensDescanso Gardens is a member-supported garden accredited by the American Alliance of Museums. Owned by the County of Los Angeles, Descanso Gardens opened to the public in 1953. Community volunteers created the Descanso Gardens Guild in 1957 to support the new garden. Since 1993, the nonprofit Guild has managed the Gardens in a public-private partnership with the County. Through the years, the Guild has created a consistent record of stewardship, sensitive enhancement of the property, service to the public and institutional growth. In 2016, Descanso Gardens welcomed more than 500,000 visitors to daytime activities, summer evening concerts and the “Enchanted: Forest of Light” night-time spectacular.Descanso Gardens’ history and future aspirations are reflected in its mission statement: “Descanso Gardens is a unique Southern California landscape distinguished by its specialized botanic collections, historical significance and rare natural beauty. Our mission is to practice exemplary stewardship of Descanso’s distinctive character and assets; offer people an experience close to nature; and cultivate understanding of the natural world and people’s place in it through inspiration, education and example.” Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Subscribelast_img read more

Economic Data Will Ultimately Determine When the Fed Will Raise Rates

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Economic Data Will Ultimately Determine When the Fed Will Raise Rates Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Economic Data Will Ultimately Determine When the Fed Will Raise Rates Tagged with: Federal Open Market Committee Federal Reserve Interest rates San Francisco Fed Related Articles November 9, 2015 1,745 Views center_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Federal Open Market Committee Federal Reserve Interest rates San Francisco Fed 2015-11-09 Brian Honea 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. The Bureau of Labor Statistics’ October jobs report released last week far exceeded expectations, generating widespread speculation that the Federal Reserve will raise short-term rates in the Federal Open Market Committee’s final meeting of the year in December.San Francisco Fed President and CEO John C. Williams stated in an address Friday that in the past, data that drives economic decisions clearly supported a “patient” approach when it comes to raising rates. That same data, he said, will ultimately determine when the Fed decides to raise rates this time around.Speaking to the Arizona Council on Economic Education in Tempe, Arizona, on Saturday, Williams presented arguments for both sides, and concluded that the data will determine when the rates are raised.On the side of the argument for exercising patience, Williams said there are two main concerns: One, the constraint of the “zero lower bound,” which is to say rates can’t go any lower than zero and there will not be room to lower the rates if there is another economic downturn or if inflation drops further; and two, the inflation has been “stubbornly” below the Fed’s target rate of 2 percent for almost three and a half years.“And while we can ultimately control our own inflationary destiny, as it were, there’s no question that globally low inflation, and the policies other countries have adopted to combat it, has contributed to downward pressure in the U.S.,” Williams said. “As I said, I see inflation bouncing back. But forecasts aren’t guarantees, and there is always the risk that it could take longer than I expect.”“Given the progress we continue to make on our goals, I view the next appropriate step as the start of a process of gradually raising interest rates.” John C. Williams, President and CEO, San Francisco FedOn the other side of the issue—raising rates sooner than later—Williams presented a few arguments in favor. One, the economy is a moving target—according to research, it takes a year or two for monetary policy to take full effect, so the decisions the Fed makes have to be based on where the economy is going and not where it is at present; two, raising rates “would also allow a smoother, more gradual process of policy normalization, giving us space to fine-tune our responses to any surprise changes in economic conditions”; and finally, an economy that runs too hot for too long can result in imbalances that lead to either excessive inflation (as was the case in the 1960s and 1970s) or economic correction and recession (such as in the burst of the “dot com” bubble in the early 2000s or the housing market in 2008).“And in the first half of the 2000s, the economy was propelled by irrational exuberance over housing, sending house prices spiraling far beyond fundamentals and leading to massive overbuilding,” Williams said. “If we wait too long to remove monetary accommodation, we hazard allowing these imbalances to grow, at great cost to our economy.”While Williams stated that his economic views are data-driven and that the arguments in the past for patience far outweighed the “raise rates more sooner than later” approach, he also stated that his forecast is “[W]e’ll reach our maximum employment mandate in the near future and I’m increasingly confident that inflation will gradually move back to our 2 percent goal. . . Given the progress we continue to make on our goals, I view the next appropriate step as the start of a process of gradually raising interest rates. That’s the ‘how’; as I said, the data will determine the ‘when.’” Share Save Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Previous: Freddie Mac Plans to Use Proven Formula for Assisting HAMP Borrowers With Rate Increases Next: GSEs Announce Lowest Ever Interest Rate on Standard Mortgage Modificationslast_img read more

Plans lodged for major Ballybofey development

first_img Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp Newsx Adverts Pinterest Google+ Further drop in people receiving PUP in Donegal Main Evening News, Sport and Obituaries Tuesday May 25th RELATED ARTICLESMORE FROM AUTHOR Facebook Google+ 365 additional cases of Covid-19 in Republic center_img Twitter 75 positive cases of Covid confirmed in North Previous articleJudge refuses compensation in case of head shop robberyNext articlePlans to tackle anti-social behaviour in Gartan Field area of LK News Highland WhatsApp Facebook A plan to create hundreds of jobs in Ballybofey is awaiting approval from the planning office.The developer, the Orana Group, said it plans to develop a supermarket, retail park and Leisure Centre in a 100 million euro investment.The developer said it would create 840 jobs.Senator Pearse Doherty says he has guarantees that at least 50% of the workforce during construction, will be from the local area:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/11/pearam.mp3[/podcast] By News Highland – November 23, 2010 Plans lodged for major Ballybofey development Twitter Gardai continue to investigate Kilmacrennan firelast_img read more