The Premier Oil share price is up 75%. Here’s what I’d do now

first_img See all posts by Roland Head 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. Image source: Getty Images 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. The Premier Oil share price is up 75%. Here’s what I’d do now I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address The Premier Oil (LSE: PMO) share price has been one of the top performers in the FTSE 250 over the last year. The stock is now up by around 75% from its 52-week low of 65p.Recent gains were triggered by news that the company will spend up to $871m acquiring oil and gas fields in North Sea.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…As my colleague Alan Oscroft explained recently, these deals might seem surprising for a company that already carries a lot of debt. In this article I want to take a closer look at this news and give my view on whether the shares deserve a buy rating.What’s happening?Premier will spend $625m acquiring the Andrew and Shearwater assets from BP. The company says that Andrew will add about 18,000 barrels of oil equivalent per day (boepd) to the group’s production, while Shearwater will provide a “significant producing and infrastructure hub”, plus 25m boe of reserves and resources.PMO will also spend up to $246m buying an additional stake in the Tolmount field from Dana Petroleum.These acquisitions will be funded by a $500m equity placing, plus the firm’s existing cash resources and — if needed — a $300m short-term loan.What’s notable is that is Premier isn’t planning to use any new long-term debt to fund this deal. Shareholders will pay, instead. In the meantime, the firm’s lenders will receive higher interest payments in return for extending their existing loans from 2021 to 2023.Does it all add up?In my view, the numbers look good on this deal, at least for the firm’s lenders. Premier says that the new assets should generate an extra $1bn of pre-tax free cash flow by the end of 2023. That’s equivalent to a gross return of 15% on the $871m it will cost to buy the fields, in just four years.Tax costs should be minimised because Premier already has $4.2bn of UK tax losses it’s trying to use up.Of course, the company will incur slightly higher finance costs as a result of these acquisitions. But they look affordable to me. Indeed, I believe that these acquisitions will help the firm to repay its existing debt more quickly.All in all, this deal looks good for Premier’s lenders. So are the shares a buy, too?Don’t forget decommissioningMany fields in the North Sea are nearing the end of their productive lives. This is one reason why big players such as BP are selling them.Premier’s new assets are a good example. From 2025 onward, the company expects to incur decommissioning costs of $600m on these fields. That’s a lot of money for a company that generated revenue of about $1,600m last year.These acquisitions will boost cash flow and help to repay debt over the next few years. But beyond that, I think decommissioning could start to be a drain on cash.Judging the fair value of PMO shares has become difficult, in my opinion. Although the stock looks reasonably priced on 12 times 2020 forecast earnings, remember there’s no dividend and lots of debt.You can buy BP shares on a similar valuation and gain a 6.4% yield and the safety of a much larger, more diverse business. I believe longer-term investors will probably do better with this FTSE 100 heavyweight.center_img Our 6 ‘Best Buys Now’ Shares Roland Head | Sunday, 19th January, 2020 | More on: HBR Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. “This Stock Could Be Like Buying Amazon in 1997”last_img read more

Stock market crash: Opportunities like this can be once-in-a-lifetime

first_img Image source: Getty Images. 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. Views expressed 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. Investors typically fear a stock market crash, always wanting their shares to go up. That’s a natural emotion, but I say it’s dead wrong.Warren Buffett’s annual letters to Berkshire Hathaway shareholders are legendary founts of wisdom. In 1997, he posed a quiz, first asking: “If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef?” The answer to that is easy, yes?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…He then went on to ask: “If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period?” If you’re planning to be buying shares over a long spell, you’ll get more for your money when prices are low. So that’s what you’d want, isn’t it?That’s the wrong way ’roundIn reality, most stock market investors are ecstatic when they see the market rise. They just love seeing the value of their holdings grow. That’s even though the things they want to buy more of are getting more expensive. And they can be inconsolable during a stock market crash, when they could actually buy more of what they want for less money. To me that’s a bit like saying: “I want a burger every day, so I do hope the price keeps going up!“Now, I know there’s a difference between burgers and shares. When you eat a burger, it’s gone. Consumers don’t buy burgers with a view to selling them later for a profit. With shares, of course, that’s exactly what you do want. And you should want the price to be higher when you sell. A stock market crash is your friendSo you will profit best by buying shares when they’re cheap. But eventually, you will need prices to rise to realise some gains. In reality, stock markets tend not to alternate between lengthy up spells and lengthy down spells. Instead, we see an overall inexorable rise over the decades. So what’s the point of even thinking about it? Well, that’s where market crashes, which tend to be short term, come in.Take the current stock market crash driven by the Covid-19 pandemic. The stock market has had a dire year so far, but it’s not all gloom. Share prices have already started to recover, some very strongly. It’s happened a lot quicker than I expected, for sure. And I’m certainly convinced that when the crisis is over, stock markets will regain their previous highs and will carry on growing for decades to come.Buy low, sell highHad this stock market crash not happened, regular investors would have carried on buying more and more shares. And they’d probably do very well when it comes time to sell up and enjoy a comfortable retirement. But during the months of the crash, those same regular investors will be able to buy even more shares with their cash. And that should result in an even bigger pot at selling time.A severe stock market crash only comes along once in a blue moon. I say take advantage of it now, and stock up on bargain shares while you can. 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. Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this.center_img Stock market crash: Opportunities like this can be once-in-a-lifetime Alan Oscroft | Friday, 19th June, 2020 Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Alan Oscroftlast_img read more

This is how much £1k invested in a FTSE 100 tracker 5 years ago would be worth now

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Roland Head has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Berkshire Hathaway (B shares) and recommends the following options: long January 2021 $200 calls on Berkshire Hathaway (B shares), short January 2021 $200 puts on Berkshire Hathaway (B shares), and short December 2020 $210 calls on Berkshire Hathaway (B shares). 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. Image source: Getty Images “This Stock Could Be Like Buying Amazon in 1997” 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. Simply click below to discover how you can take advantage of this. This is how much £1k invested in a FTSE 100 tracker 5 years ago would be worth now 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.center_img Our 6 ‘Best Buys Now’ Shares Roland Head | Sunday, 6th December, 2020 | More on: ^FTSE Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Roland Head US billionaire investor Warren Buffett has often said that a cheap index fund is the best stock market investment for most investors. In the UK, the obvious choice is a FTSE 100 tracker.As its name suggests, a FTSE 100 tracker fund will aim to match the performance of the FTSE 100 index, which contains the 100 largest companies listed on the London Stock Exchange. When the market’s going up, the benefits are obvious. You don’t have to pick winners. Instead you profit by owning all the shares in the market.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…However, this year has seen the biggest stock market crash since 2008. Does Mr Buffett’s advice still add up?To find out, I’ve crunched the numbers to find out how much a £1,000 investment in a FTSE 100 tracker in 2015 would be worth today. I think you might be pleasantly surprised.The FTSE 100 is upFive years ago, the FTSE 100 was trading at around 6,240. When the market closed on Friday, it was hovering around 6,550. That tells me that the total value of the companies in the market has risen by about 5% over the last five years.That’s not a disaster, given the size of this year’s crash. But I think it’s fair to say that a 5% gain would in normal times be a disappointing result for five years’ investment. I certainly expect better results from my portfolio.Fortunately, share price gains aren’t the only return investors receive from a FTSE 100 tracker. An index fund of this kind also collects dividend payouts from all the companies in the index. These are then grouped together and paid out to investors in the fund. This usually happens every six months.The power of dividendsIt’s tempting to dismiss dividends as pocket money. I’ve heard investors say that they just use their dividends to cover their trading costs.This might be true for speculative small cap stocks. But for the big companies in the FTSE 100, dividends are a serious business. Investors can make real money by reinvesting these payouts (or withdrawing the income).A number of FTSE 100 dividend stocks have cut their payouts this year, but the index still offers a dividend yield of about 3.7%. That’s better than any savings account I know of.The combination of share price gains and dividend income is known as total return. I’ve dug into the numbers provided by FTSE Russell, the organisation which compiles the FTSE 100 index. These show that over the last five years, the total return from the FTSE 100 has been 20%.This means that a £1,000 investment in a FTSE 100 tracker in December 2015 would be worth about £1,200 today, excluding fees.Buffett’s advice could boost returnsIn this article I’ve looked at a simple example where one investment was made. But like most working people, what I do in real life is to make smaller, regular investments into my Stocks and Shares ISA.Happily, this is what Mr Buffett recommends for most investors. Back in 1993, he said that “by periodically investing in an index fund”, amateur investors “can actually outperform most investment professionals”. That’s good enough for me!last_img read more

Welby in DR Congo: ‘We pray for lasting peace’

first_img Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 By Lambeth Palace staffPosted Feb 4, 2014 The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector and Chaplain Eugene, OR Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Submit a Job Listing Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Tags Submit an Event Listing An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Advocacy Peace & Justice, New Berrigan Book With Episcopal Roots Cascade Books Rector Tampa, FL Curate (Associate & Priest-in-Charge) Traverse City, MI Associate Rector Columbus, GA Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Rector Shreveport, LA Assistant/Associate Rector Morristown, NJ Rector Hopkinsville, KY Director of Music Morristown, NJ Youth Minister Lorton, VA The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Press Release Service This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Anglican Communion, Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Submit a Press Release Bishop Diocesan Springfield, IL Rector Collierville, TN Family Ministry Coordinator Baton Rouge, LA Featured Jobs & Calls Rector (FT or PT) Indian River, MI Director of Administration & Finance Atlanta, GA Rector/Priest in Charge (PT) Lisbon, ME Rector Bath, NC Rector Pittsburgh, PA Rector Belleville, IL Welby in DR Congo: ‘We pray for lasting peace’ AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Martinsville, VA Priest-in-Charge Lebanon, OH Archbishop of Canterbury TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Priest Associate or Director of Adult Ministries Greenville, SC [Lambeth Palace press release] Archbishop of Canterbury Justin Welby arrived in the Democratic Republic of Congo Feb. 3 for a two-day visit to Anglican leaders in the country. While there the archbishop will witness the work of the Anglican Church in the Congo, especially in peace-building and protecting women from gender-based violence.Welby is on the last leg of a six-day visit to Anglican leaders in the region, which has also included South Sudan, Rwanda and Burundi.Welby, who is visiting DRC at the invitation of Archbishop Henri Isingoma, will meet with religious leaders and other community representatives, and visit projects supported by the Anglican Church in the Congo.Arriving in Goma, Welby said: “I am delighted to be visiting Goma with my wife Caroline to show the love and solidarity of the wider church amidst all you have been through. We pray for stability and a lasting peace for DRC.“The Anglican Church in the Congo has shown remarkable initiative and resourcefulness in helping communities address the challenges affecting their life. I look forward to seeing some of those initiatives in action, both in the building of a sustainable peace, and the protection of women from gender-based violence and providing of much needed care.“I wish to pay tribute to Archbishop Henri Isingoma and his wife Madame Mugisa who together have made such a pioneering contribution to this work.”The trip is part of Welby’s plan to visit all of his fellow archbishops around the Anglican Communion during his first 18 months in office. His desire is to express solidarity, build personal and professional bonds, understand the Primates’ work in their local contexts, and lay foundations for good collaboration over the coming years. Curate Diocese of Nebraska Featured Events Africa, Associate Rector for Family Ministries Anchorage, AK Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Associate Priest for Pastoral Care New York, NY Rector Knoxville, TN Missioner for Disaster Resilience Sacramento, CA Assistant/Associate Rector Washington, DC Canon for Family Ministry Jackson, MS Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Washington, DC Rector Albany, NY Course Director Jerusalem, Israel Assistant/Associate Priest Scottsdale, AZ Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Smithfield, NC Cathedral Dean Boise, ID last_img read more

Province IX bishops study self-sustainability in the Philippines

first_img Bishops from Province IX spent Sept. 24-28 in the Philippines studying the church’s journey to financial self-sustainability in the local context. Photo: Lynette Wilson/ENS[Episcopal News Service – Manila, Philippines] In sewing workshops, homes and sheds on either side of the road reaching to the top of a hill where Holy Faith Episcopal Church sits in Igorot Village, men weave hats, scarves and sweaters and women sew labels on finished goods. It’s a cottage industry started by six women who sell knitwear to wholesalers; it keeps the village humming.The village was founded in the 1950s on 1.5 hectares of land that was once part of a cattle ranch by Igorots, or “mountain people,” from Luzon, the largest, northernmost island province of the Philippines where Anglican missionaries established a presence in the late 19th century. Located on the outskirts of Manila, the village of former bamboo and grass huts, now is home to more than 100 families living in concrete homes with metal roofs.As the community developed, a preaching station became a mission congregation, an aided parish, and in 2010 called a full-time rector.The Rev. Echanes A. Cadiogan poses with some of the co-op’s women. Photo: Lynette Wilson/ENSYet in 2013, at a time when the parish already was 80 percent self-supporting, the congregation felt it couldn’t reach the goal of 100 percent by 2018. That’s where the Episcopal Church of the Philippines’ unique approach to Asset-based Community Development, an approach that includes congregational development, applied. In taking stock of the village’s assets leaders determined that wholesalers were selling on three months’ consignment meanwhile taking out private loans to maintain operations; and the church stepped in to address a need.With an $11,000 loan from 22 communities in the Diocese of the Southern Philippines, Holy Faith began making loans to the wholesalers at 1.5 percent interest, less than half the 3 to 5 percentage rate charged by private lenders. In a win-win, the wholesalers invested a percentage of the savings into the church In February 2014, Holy Faith members requested full-fledged parish status.Holy Faith is just one example in the Episcopal Church of the Philippines where community and congregational development have gone hand-in-hand, creating a situation where both thrive.Holy Faith’s stone stonework is modeled after that in the north’s mountain province, where the Igorot people are from. Photo: Lynette Wilson/ENSWhen the church first began thinking about autonomy and financial self-sustainability it invested in programs and projects to raise money, but in the end, without the community development component, the investments were a “complete failure,” said Floyd Lalwet, the church’s provincial secretary, during a Sept. 24 gathering at the church’s national office in Quezon City. Over time the church began to see the communities and the congregations as one, things began to change.The Episcopal Church in the Philippines’ journey toward financial self-sustainability serves as an example of covenant partnership, one that can be replicated in other contexts.Earlier that day on Sept. 24 seven bishops and two spouses representing Province IX traveled to the Philippines with the purpose of affirming and strengthening the companionship between the Episcopal Church in the Philippines and the U.S.-based Episcopal Church, and to experience the work of the local church as related to its attainment of full-financial autonomy and, more specifically, the implementation of its Asset-Based Congregational/Community Development program and the application of its “from receivers to givers” policy.Prior to traveling to the Philippines to study the church’s journey to financial self-sustainability in the local context, the bishops and spouses spent Sept. 17-23 in Taiwan attending the fall House of Bishops. meeting, where Prime Bishop Edward P. Malecdan spoke about the theological context and mission challenges in the Philippines.Staying true to the House of Bishops’ meeting’s theme of “expanding the apostolic imagination,” bishops explored the mission and ministry of the Diocese of Taiwan; following the meeting other bishops and spouses traveled in groups to Japan, Hong Kong and South Korea to continue learning about mission and ministry of the Anglican Church.The Province IX bishops visit to the Philippines was three years in the making.Men weave hats, scarves and sweaters in workshops like these in Igorot Village. Photo: Lynette Wilson/ENSClergy and lay leadership in the Episcopal Church’s seven Latin American dioceses, covering the Caribbean, Central and South America, first became acquainted with Episcopal Church of the Philippines’ story during a 2011 conference on self-sustainability in Tela, Honduras.The Province IX dioceses – the Dominican Republic, Honduras, Central Ecuador, Ecuador Litoral, Colombia, Venezuela and Puerto Rico – adopted self-sustainability as a focus in a 2012 synod meeting.Each of the Province IX dioceses are on their own path to financial self-sustainability, with the Dominican Republic, Honduras and Central Ecuador, with a recent $4 million land sale, closer than the others.The comprehensive approach to financial sustainability in Province IX is driven by the needs of each individual diocese, and the approach has come from the diocese’s themselves, said Samuel McDonald, the Episcopal Church’s deputy chief operating officer and director of mission.“Here’s where the rubber meets the road,” he said.Executive Council in February 2014 adopted the Second Mark of Mission Province IX Sustainability Plan, which was the result of a July 2013 meeting of lay and ordained leaders of the province and church center staff.Following the Tela conference, said Lalwet, the Province IX bishops began asking for specifics regarding the Philippines’ church’s capacity building projects and processes, specifically how cooperatives have aided congregations in becoming full-fledged parishes and the Episcopal Development Foundation of St. Mark’s, a lending institution which transformed the Diocese of Santiago in the northern Philippines.There are some 43 registered cooperatives and about 65 un-registered co-ops, farmers associations and development organizations operating under the church’s church and community development model. The Episcopal Care Foundation, or ECARE as the development model is called, strives through partnerships to work with communities to leverage their assets and resources to move from subsistence to self-reliance, while emphasizing sharing, caring, witness and environmental stewardship.The cooperative concept was something new to Diocese of Colombia Bishop Francisco Duque, who also serves as the Province IX president; it’s something, he said, he’ll look at implementing in his own diocese, one of the youngest in the Episcopal Church.In Colombia, as in the Philippines and the other Province IX dioceses, many Episcopal churches are located in poor, marginalized communities in need of economic and social development.More than 25 percent of the Philippines’ 100 million people live below the poverty line, a percentage similar to Ecuador and Venezuela, though their populations are a fraction of that of the Philippines’, according to World Bank statistics. Each of the other Province IX dioceses has a higher percentage of people, between 33 and 65, living below the poverty line.“The economic and political reality is that our people live in poverty and that our churches are located in marginalized communities,” Lalwet said, adding that by focusing on improving the economic livelihood of people in the community the people are better able to support the church.This approach, however, from the outset necessitates church and community consensus, he said. “It would also be an error to separate the community development program from church development.”It also meant a change in mindset, congregations that historically had been recipients, needed to become the givers. “We were breaking the mindset that the church should support the congregations,” said Lalwet.Historical backgroundThe Episcopal Church established a missionary district in the Philippines in 1898; in 1965 the church became a missionary diocese and in 1990 the Episcopal Church of the Philippines became an autonomous province of the Anglican Communion. However, autonomy came before financial self-sustainability: in 1990 the Philippines’ church still relied on the U.S.-based Episcopal Church to finance 60 percent of its operating budget.In 1992, the Joint Committee on the Philippine Covenant proposed a 15-year stepped reduction plan to gradually reduce every five years’ the Episcopal Church’s support from $800,000 to $533,333 to $267,667. In 2003, Philippine Church ran its highest-ever budget deficit of 6.5 million pesos ($120,000 at the time). And in 2004, the church decided to ask the Episcopal Church for a three-year extension before reversing course.In 14 years of being autonomous all anyone ever talked about was the subsidy, said Lalwet, until finally someone proposed, “Why don’t we do away with it?”So they did. And on January 1, 2005, “everyone predicted that the 6.5 million peso deficit would double,” he said, but it didn’t. Instead, for the first time ever, the church had a $55,000 budget surplus.Lalwet often equates the 15-year period of the subsidy’s attenuation as an addict going through withdrawal. “There were times when people didn’t receive a salary for six months,” he said.The covenant relationship between the U.S.-based Episcopal Church and the Episcopal Church in the Philippines remained intact in 2005, but rather than use the subsidy for operating expenses the money was added to the church’s Centennial Endowment Fund, established in 2001.To encourage the church’s then-six dioceses to contribute to the fund, the church changed the fund’s structure. Rather than position the endowment fund as a “national fund” with monies going to support the Episcopal Church of the Philippines, the church split the fund between the dioceses, used a grant and rental income to provide matching funds and loaned the money back to the dioceses for local investment, said Lalwet.Additionally, Lalwet explained, rather than rely on the subsidy for its operating budget, the church looked to its existing assets and institutions for support; during the period from 2005-08, with the support of St. Luke’s Medical Center in Quezon City, some of the province’s most beautiful churches were built.Today there are more than 120,000 baptized Episcopalians worshipping in 400 churches across the Episcopal Church in the Philippines’ seven dioceses covering the archipelago in the Pacific OceanDevelopment cooperativesIn the 1960s and ‘70s when the church first began to consider autonomy it started founding cooperatives, which during the period of martial law from 1972 to 1981 implemented by President Ferdinand Marcos, was dangerous.“Co-ops were considered subversive,” said Lalwet, adding that the church, specifically in Diocese of Northern Luzon, where Bishop Richard Abellon, who would become the first-ever Filipino prime bishop. “The bishop became public enemy number one.”Despite the harassment and threats directed at Abellon and others, the church continued to found cooperatives because the leadership believed it was the way forward.SantiagoA 40-minute flight north from Manila to Tuguegarao and another two to three hours by minibus along a two-lane highway deep in the country’s rice basket, where yellow corn for livestock feed and rice dry along the road’s narrow shoulder and on any unused pavement with access to direct sunlight, the bishops arrived in Santiago, where local investment has defined the Diocese of Santiago’s success.Bishop Julio Cesar Holguin, Bishop Orlando Guerrero and Bishop Luis Ruiz pose with members of St. Peter’s co-op. Photo: Lynette Wilson/ENSThe Diocese of Santiago, formerly a part of the Diocese of North Luzon, was founded in 2001, and at the time received 90 percent of its support from outside the diocese.“This diocese was formed during the most difficult financial years of our church, when the Episcopal Church support was being reduced; when we were in withdrawal,” said Lalwet. “This diocese suffered because it was very dependent on the Episcopal Church of the Philippines.”It wasn’t easy, explained Lalwet, as relationships, some of them longtime friendships, were strained as a result of the subsidy’s elimination.Yet, in the end, the diocese started the Episcopal Development Foundation of St. Mark’s, the lending institution that has accumulated a $1.9 million loan portfolio in 10 years, and among other things has enabled farmers to acquire 30 hectares of land. But it is also the biggest source of support for the Diocese of Santiago, contributing $56,000 a year.In addition to visiting the diocesan office, where they learned about the Foundation of St. Mark’s and shared a meal with clergy and lay leaders from both the North Luzon and Santiago dioceses, the bishops visited two cooperatives, each in very different stages of development.The first was Del Pilar in Alicia, where the majority of the community’s 3,000 inhabitants are farmers working from a few to a dozen acres of land, mostly by hand and using water buffalos. The church in 2002 established St. Peter’s Savings and Credit Co-op with 15 members, which has since grown to 39. The co-op allows the farmers to negotiate better prices for seed, to rent a drying pavement (access to space for drying rice and corn is scarce), and has constructed a warehouse where grains can be stored and sold as commodity prices dictate. the co-op also has a nine hectare rice farm.St. Peter’s was modeled after the second cooperative, Holy Spirit Mission and Multi-Purpose Cooperative, which was begun in 1995 and is further along, explained the Rev. Ralph Dampo, who serves as the parish’s director and manager of the cooperative.Dampo, who was trained in both theology and business management with support from the church, began the mission with the simultaneous goal of improving the lives and economic livelihoods of the farmers in the community and the life of the mission station.After first conducting a rural assessment: a survey of the land, number of households, linguistics, access to social and educative services, the cooperative started with 16 subsistence farmers, each of whom contributed one fifth of their annual income, about 1,000 pesos, or $22. “It was hard,” said Dampo.Today, the co-op has more than 100 members, 10 regular employees, a warehouse, drying pavement, trucks. It contributes 10 percent of its income to the parish’s endowment and other funds, pays 70 percent of Dampo’s salary, while supporting the Holy Spirit’s children’s ministry, and has a feeding program, and a relief and rehabilitation ministry.Holy Spirit Church was built in 2009. Photo: Lynette Wilson/ENSThe first church building was constructed in 1997 and a modern building in 2009; Holy Spirit has 200 members, half of them members of the co-op, and an average Sunday attendance of 70, said Dampo.CotabatoFrom their base in Quezon City, the bishops then traveled south an hour and a half by airplane to Cotabato City where they met Diocese of the Southern Philippines Bishop Danilo Bustamante, visiting St. Francis Church and the Hillside Multi-Purpose Cooperative in Upi, in the province of Maguindanao in the Autonomous Region of Muslim Mindanao, where at 30 percent of the population Christians are the minority.The group also met with Upi Mayor Ramon A. Piang at his municipal office, where he told them that the local government supports church leaders, and has instituted civic panels, including religious and other civil society leaders, and coordinates with them on poverty reduction programs in the province where 98 percent of the people are farmers.Seeing the cooperatives in action in the Philippines made Bishop of Venezuela Orlando Guerrero think about the 35 hectare coffee plantation his diocese owns in the country’s northeast, a plantation that isn’t producing to its full yield. Rather than work the plantation with local labor,Guerrero said, he’s considering forming a cooperative and giving local families parcels to work.The Venezuelan government, he added, also works with religious organizations to empower communities, but that to date the Episcopal Church, unlike the Evangelical and Roman Catholic churches, has not taken advantage of that opportunity.Hillside Multi-Purpose Cooperative in Upi has a rubber tree planation. Photo: Lynette Wilson/ENSThe co-ops also got Diocese of Honduras Bishop Lloyd Allen thinking about how his diocese’s existing cooperative might be restructured to provide each of 10 deaneries in Honduras with more local authority.The Southern Philippines program in Upi, like in the north, includes grain drying and storage facilities, but also a rubber tree plantation and nursery, the latter a partnership with the Diocese of Olympia in Seattle, Washington, that distributes seedlings to individual households.Build the road as you walk it“We are here as one church … we are here from Latin America to see with our own eyes,” said the Rev. Glenda McQueen, the Episcopal Church’s global partnership officer for Latin America and the Caribbean, during a sermon she preached at St. Francis Church in Upi, on the morning of Sunday, Sept. 28.“To change direction is to say yes to life, to leave the past, the way things were done, and take the risk into the future.”McQueen talked about how the Anglican and Episcopal churches planted the seed that today is the church in the Philippines, and how like the rubber trees, where grafting a branch from a mature tree onto a seedling makes the young tree stronger and more resistant to diseases, the Philippines’ sharing its journey toward financial self-sustainability gives strength to the Latin American churches who are on a similar path.“We are that new tree, and you have given us the example of that new church that took the risk,” said McQueen, and she explained to those present that there’s a saying in Latin America Se hace el camino al andar or “build the road as you walk it”; it describes the journey the Province IX bishops and their dioceses now are on.Moving forward with self-sustainability in Province IX, each diocese will need a person or a team to give oversight to the development process, McQueen said later in an interview with ENS.Diocese of the Southern Philippines Bishop Danilo Bustamante and the Rev. Glenda McQueen, the Episcopal Church’s global partnership officer for Latin America and the Caribbean in Cotabato. Photo: Lynette Wilson/ENSVisiting the church in the Philippines provided the bishops with the principles that hold the process together — “you need to have that foundation,” she said.It’s important, she added, the Latin American churches articulate their own vision for the future, and that they together look at what they have as a province.Reflecting on the visit to the Philippines’ church, Dominican Republic Bishop Julio Cesar Holguin said he believed the clergy’s and laity’s entrepreneurial spirit in the face of losing the support of the Episcopal Church and that spirt allowed them to continue in their development.“I believe that the Philippines’ model can serve as a great help and inspiration for all of the dioceses of Province IX, as in other parts of the Anglican Communion,” said Holguin.“We are encouraged to throw ourselves into the goal of sustainability, and to carry out with more efficiency, the task of the Great Commission that our Lord Jesus Christ has charged us with.”— Lynette Wilson is an editor/reporter for the Episcopal News Service. By Lynette WilsonPosted Oct 8, 2014 Rector Washington, DC An Evening with Aliya Cycon Playing the Oud: Crossing continents and cultures with the most beautiful instrument you’ve never heard Lancaster, PA (and streaming online) July 3 Priest-in-Charge Lebanon, OH Submit a Press Release Rector Shreveport, LA Province IX, Curate Diocese of Nebraska Featured Events Submit an Event Listing Asia, Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Assistant/Associate Rector Washington, DC Associate Rector Columbus, GA Rector Martinsville, VA Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Province IX bishops study self-sustainability in the Philippines Assistant/Associate Priest Scottsdale, AZ Assistant/Associate Rector Morristown, NJ Rector Albany, NY Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Associate Priest for Pastoral Care New York, NY The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Missioner for Disaster Resilience Sacramento, CA Submit a Job Listing In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Self-Sustainability Featured Jobs & Calls Youth Minister Lorton, VA This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Tags The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET center_img Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Priest Associate or Director of Adult Ministries Greenville, SC Rector/Priest in Charge (PT) Lisbon, ME Rector Bath, NC Rector Belleville, IL Bishop Diocesan Springfield, IL Rector Tampa, FL Rector Knoxville, TN Director of Music Morristown, NJ Rector (FT or PT) Indian River, MI Latin America, Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 New Berrigan Book With Episcopal Roots Cascade Books Canon for Family Ministry Jackson, MS Rector and Chaplain Eugene, OR Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Associate Rector for Family Ministries Anchorage, AK Press Release Service Rector Smithfield, NC Rector Hopkinsville, KY Course Director Jerusalem, Israel Rector Pittsburgh, PA Rector Collierville, TN Family Ministry Coordinator Baton Rouge, LA Cathedral Dean Boise, ID Curate (Associate & Priest-in-Charge) Traverse City, MI Director of Administration & Finance Atlanta, GAlast_img read more

Saint Martial Housing / Majolice // Atelier d’architecture

first_img “COPY” 2019 CopyAbout this officeMajolice // Atelier d’architectureOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSocial HousingBordeauxOn FacebookFrancePublished on July 19, 2020Cite: “Saint Martial Housing / Majolice // Atelier d’architecture” 19 Jul 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodHow to Design a Façade with AluProfile Vertical ProfilesGlassMitrexSolar GreenhouseMetal PanelsAurubisOxidized Copper: Nordic BrownDoorsEGGERWood Laminate Doors in Molecular Plant Science InstituteStonesCosentinoSurfaces – Silestone® Nebula SeriesWall / Ceiling LightsLouis PoulsenLamp – LP RiplsWood Boards / HPL PanelsBruagRoom Dividers – Partition Wall MDFStonesNeolithSintered Stone – Mar del PlataWindowspanoramah!®ah! SecurityPanels / Prefabricated AssembliesULMA Architectural SolutionsMIS Facade PanelCarpetsFabromont AGTextile Floor Covering – Orbital® 07 COLORpunkt®LightsNorka lightingLuminaire – BelfastMore products »Save想阅读文章的中文版本吗?波尔多圣马丁住宅 / Majolice // Atelier d’architecture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 stream Year:  Saint Martial Housing / Majolice // Atelier d’architecture Houses Products used in this ProjectFiber Cements / CementsEQUITONEFiber Cement Facade Panel TectivaArchitect In Charge:Marie-Alice CasagrandeDesign Team:Majolice, Atelier d’architectureCity:BordeauxCountry:FranceMore SpecsLess SpecsSave this picture!© Philippe CaumesText description provided by the architects. The site in which the project took place is in Bordeaux, Saint Martial square (n°12). The structure was partially constructed and is the subject of a complete renovation. In its original configuration, the building had a garden, and is a stone build that rises to the first floor and includes a basement floor. The project involved the renovation and redevelopment of the building to create social rental housing and at the same time to renovate the usable space located on the ground floor. This operation integrates into the existing volumes and restores the complex: 3 dwellings and 1 activity room. Save this picture!© Philippe CaumesSave this picture!First Floor PlanSave this picture!© Philippe CaumesThe built volume has undergone major changes:reinforcement of all the structural elements of the building, upgrade of the garden façade and the creation of a terrace on the ground floor,interior renovation, recovery of all the coverage and zinc work, new skylights have been created. The canopy which was extremely dilapidated from the garden side was placed and the roofing extended.Save this picture!© Philippe CaumesThe stone façade of the building is on the public street side. It is protected and has undergone only very slight modifications: – Replacement of wood carpentry whose modeling has remained in line with the existing one, and treatment of rough iron railings, – Cleaning the stone façade and collection the degraded and collapsed parts. Special attention has been focused on respecting the original aesthetic of the building.Save this picture!© Philippe CaumesThe garden façade has been completely redone and has been given a new coating: cladding: “equitone” brand “eternit”, finish “tectiva” in Claire” tint. In addition, the openings have been redesigned and new exotic wood carpentry has been installed. Similar frames were laid around the openings. A terrace has been created in front of the garden façade: metal structure – filling by metal slats..Save this picture!© Philippe CaumesProject gallerySee allShow lessUtrecht Central Library & Post Office / Zecc Architecten + RijnbouttSelected ProjectsShougang NO.3 Blast Furnace Museum / CCTN DesignSelected Projects Share Projects CopyHouses, Social Housing•Bordeaux, France ArchDaily Area:  145 m² Year Completion year of this architecture project center_img ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/943637/saint-martial-housing-majolice-atelier-darchitecture Clipboard Manufacturers: EQUITONE, Terreal, AGC, Eternit Products translation missing: en-US.post.svg.material_description Photographs Architects: Majolice // Atelier d’architecture Area Area of this architecture project “COPY” France ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/943637/saint-martial-housing-majolice-atelier-darchitecture Clipboard Photographs:  Philippe Caumes Manufacturers Brands with products used in this architecture project Saint Martial Housing / Majolice // Atelier d’architectureSave this projectSaveSaint Martial Housing / Majolice // Atelier d’architectureSave this picture!© Philippe Caumes+ 18Curated by Hana Abdel Sharelast_img read more

Boston school bus drivers: ‘No reopening without safety first!’

first_imgBy USWA Local 8751On July 29, the Boston School Bus Drivers Union, United Steelworkers Local 8751 issued the statement below, which President Andre François read on the August 6 Workers World Party webinar.Left to right, USW Local 8751 Chief Steward Frantz Cadet, Trustee Fred Floreal, and President Andre François at May 14 action in conjunction with Haitian Flag Day. The union protested recent unjust firings of their members and demanded enforcement of Local 8751’s COVID-19 Emergency Standard Operating Procedures. Photo Credit: usw8751.orgBoston school bus drivers say, “No school reopening without Union-planned and -designed health and safety procedures!”Teachers, nurses, bus drivers and monitors, custodians, paraprofessionals, food workers demand a seat at the planning table, now!First step:  Nurses in every school, bus yard, and food and nutrition facility to ensure frontline Emergency COVID-19  Worksite Standard Operating Procedures.Transdev: Stop the fraud! Hire professional bus and facility disinfecting companies, now!Transdev/Boston Public Schools:  Hire more bus drivers and monitors! Impact bargaining for full hazard pay and benefits for all school workers, now!For weeks in February and early March 2020, United Steelworkers Local 8751 published demands to our private employer, Veolia/Transdev, and to Boston Public Schools to professionally disinfect our bus yards and buses, to institute emergency Health and Safety Protocols, such as providing masks and other personal protective equipment, temperature screening, strict outdoor physical distancing, touchless restroom facilities, etc. As the pandemic spread worldwide, our employer and responsible parties failed to act, and in April, Local 8751 suffered deaths by COVID-19 of four drivers who were active in the city’s food home-delivery program to thousands of BPS children.Only the union’s forceful onsite intervention and job actions to enforce Emergency COVID-19 Worksite Standard Operating Procedures stopped infections among our members until Transdev dumped us all onto the unemployment line in late June.Local 8751 pledges to our members and the children, families and communities we serve:  Not One More Death!Local 8751 applauds the Boston Teachers Union’s frontline, essential, and in our opinion,  nonnegotiable demand for union nurses in every school. As the school bus is first daily contact with tens of thousands of Boston’s most precious cargo, Local 8751 also demands BTU nurses be stationed at the bus yards to assist Local 8751 with ensuring and enforcing Emergency COVID-19 Procedures.Local 8751 raises 1,000 fists of solidarity with the American Federation of Teachers’ July 28  powerful commitment and warning to federal, state and local governments that “safety strikes” will be the result if the workers’ health and safety demands remain unmet. No reopening without safety first!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Kerala HC Stays Decision Of ESI Corporation To Cancel ‘The Wards of Insured Persons Quota’ In Medical/Dental Colleges [Read Order]

first_imgNews UpdatesKerala HC Stays Decision Of ESI Corporation To Cancel ‘The Wards of Insured Persons Quota’ In Medical/Dental Colleges [Read Order] Sparsh Upadhyay18 Oct 2020 8:41 AMShare This – xThe Kerala High Court on Thursday (15th October) stayed further proceedings pursuant to the notice issued by Employees State Insurance Corporation (ESIC) informing that seats filled up in previous years under IP quota in ESIC Medical/Dental colleges would be filled up by DGHS, Government of India as All-India quota seats for 2020-21.The Bench of Justice N. Nagaresh also stayed the decision…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Kerala High Court on Thursday (15th October) stayed further proceedings pursuant to the notice issued by Employees State Insurance Corporation (ESIC) informing that seats filled up in previous years under IP quota in ESIC Medical/Dental colleges would be filled up by DGHS, Government of India as All-India quota seats for 2020-21.The Bench of Justice N. Nagaresh also stayed the decision taken by the Employees State Insurance Corporation (ESIC) to cancel the IP Quota.The Court specifically observed,”There will be an interim stay on all further proceedings pursuant to Exts.P1 and P2. It is made clear that the respondents may bring up this writ petition in the case the Division Bench of the Hon’ble High Court of Madras gives any clarification/passes any order in this regard.”It may be noted that, Exhibit P1 (in the Writ Petition before the Court) was the Notice issued by Employees State Insurance Corporation (ESIC) informing that seats filled up in previous years under IP quota in ESIC Medical/Dental colleges would be filled up by DGHS, Government of India as All-India quota seats for 2020-21)On the other hand, Exhibit P2 (in the Writ Petition before the Court) was the decision taken by the Employees State Insurance Corporation (ESIC).to cancel the IP QuotaThe Case of the PetitionerThe petitioners in the present matter approached the Kerala HC, who were applicants for Wards of Insured Persons (IP) Quota seats in ESIC Medical/Dental colleges Employees State Insurance Corporation for academic session 2020-21 and were aggrieved by the notice dated 28.09.2020 issued by the 1st respondent informing that seats filled up in previous years under IP quota in ESIC Medical/Dental colleges would be filled up by DGHS, Government of India as All-India quota seats for 2020-21 (Exhibit P1).Thereafter, vide notice dated 30.09.2020, it was further informed that the decision to cancel IP Quota (Exhibit P2), was taken in view of the common order dated 07.06.2019 of the High Court of Madras in W.P 35853/2016 and 17948/2017 and the Judgement dated 06.08.2019 in W.A No.2274/2019 and 2304/2019 and also the order dated 15.07.2019 of the Apex Court of India in S.L.P (C) Diary No’s 24032/2019.It was submitted by the Petitioners that none of the above-referred orders of the High Court or Supreme Court enables the 1st respondent to cancel or abolish the IP Quota in ESIC Medical/ Dental colleges.Notably, the judgment of the learned single judge of the Madras High Court in WP.35853/2016 and 17948/2017 declared that the reservation policy of ESIC providing 20% reservation to the Wards of Insured Persons as unconstitutional and illegal (Judgment dated 07.06.2019).Further, the Division Bench of the High Court on 06.08.2019, disposed of the writ appeal preferred by the Director-General of ESIC recording the undertaking of the Additional Solicitor General of India that the ESIC shall immediately undertake the admission process in accordance with the relevant rules provided by the reservation of 20% of seats to the Wards of Insured Persons in the medical colleges established by the ESIC.Advocate C Unnikrishnan argued that the Judgment in Writ Appeal (dated 06.08.2019) had become final since the same has not been challenged before the Apex Court nor it is being reviewed by the Hon’ble Madras High Court thus the order of the single bench of Madras HC (07.06.2019/declaring the reservation policy of ESIC providing 20% reservation to the Wards of Insured Persons as unconstitutional and illegal) is not in existence as of now since the same is merged with the Judgment of the learned Division Bench (in Writ Appeal).Therefore, it was argued that the legal position as of now was that none of the judgment and orders referred to by the 1st respondent in Exhibit P2 has any impact on the decision taken to cancel/abolish IP Quota as per Exhibit P1 notice.It was specifically submitted by the Petitioners that Exhibit P1 and P2 are liable to be quashed. For the sake of repetition, both are explained herein:-Exhibit P1 – Notice issued by Employees State Insurance Corporation (ESIC) informing that seats filled up in previous years under IP quota in ESIC Medical/Dental colleges would be filled up by DGHS, Government of India as All-India quota seats for 2020-21)Exhibit P2 – Decision was taken by the Employees State Insurance Corporation (ESIC) to cancel the IP QuotaGrounds pleadedIt was also pleaded before the Court that since no reason was stated in Exhibit P1 to cancel or abolish IP Quota in ESIC Dental/Medical college, the order is cryptic and non-speaking coupled with the fact that Exhibit P2 notice issued in continuation with Exhibit P1 notice is also not supporting the decision informed in Exhibit P1. Therefore, on that ground also Exhibit P1 is liable to be quashed.Importantly, it was submitted that the allotment of seats to ESIC management quota is only to the Wards of the Insured Persons and thus it was only extending the benefit to the economically weaker sections of the Wards of Insured Persons by who’s funds the educational institutions were running thus its policy were not discriminatory and violative of any provisions of law and had introduced this policy after the approval of the government.Therefore the 1st respondent (Employees State Insurance Corporation) cannot casually abolish the medical seats under IP quota to his whims and fancies because the beneficiaries of that scheme are the downtrodden working class and the ESI medical institutions were established with the funds of these employees.It was submitted that the action of the 1st respondent in the scrapping of the 20% reservation policy for the wards of the insured without any reasoning and basis is arbitrary, illegal and irregular.It was most humbly prayed that the High Court may be pleased to:-A. Call for the records relating to the Exhibit P1 and P2 impugned notice and issue a writ of Certiorari or other appropriate writs, order or direction quashing Exts.P1 & P2.B. Declare that Exts.P1 & P2 are illegal, cryptic and non-speaking and cannot be allowed to stand in the eye of law.C. Issue a writ of Mandamus or other appropriate writs, order or direction commanding the respondents to allot Medical /Dental UG seats to the petitioners in the 20% seats of Wards of Insured person quota on the basis of their merit in the NEET ranked list2020.As an Interim Relief it was prayed that the Court stay all further proceedings pursuant to Exhibit P1 and P2 forthwith, pending disposal of the Writ Petition.High Court’s OrderIn the context of the Judgment of the Division Bench of the High Court of Madras (Dated 06.08.2019), the Counsel for the petitioner submitted that 20% reservation for the Wards of the Insured Persons should continue.The learned Standing Counsel for ESI Corporation, on the other hand, submitted that Ext. P5 (Dated 06.08.2019) should be treated as confining to the year 2019 admissions only the Single Bench Judgment of the Madras HC (Dated 07.06.2019) was in operation.The Court observed,”The Division Bench of the High Court of Madras (Dated 06.08.2019) decided the issue involved in the Writ Appeal based on the submission made by ESI Corporation through the Additional Solicitor General of India. Prima facie, what is stated in Ext.P5 (Dated 06.08.2019) cannot be treated as for the academic year 2019 alone.”The learned Standing Counsel further submitted that a clarification petition had been filed by the ESI Corporation in the said Writ Appeal and orders are awaited.In the facts of the case, the Court said,”It is of the opinion that if an interim order is not passed, the reservation benefits due to the Wards of Insured Persons which were in existence hitherto, will be denied. In the circumstances, there will be an interim stay on all further proceedings pursuant to Exts.P1 and P2. It is made clear that the respondents may bring up this writ petition in case the Division Bench of the High Court of Madras gives any clarification/passes any order in this regard.” (emphasis supplied)Click Here To Download Order[Read Order]Click Here To Download Petition[Read Petition] Next Storylast_img read more

Older people warned they’ll have to keep “cocooning”

first_imgAudioHomepage BannerNews Loganair’s new Derry – Liverpool air service takes off from CODA Arranmore progress and potential flagged as population grows Google+ RELATED ARTICLESMORE FROM AUTHOR Google+ Publicans in Republic watching closely as North reopens further Pinterest Important message for people attending LUH’s INR clinic WhatsApp Previous articleTwo Irish Water workers in Donegal assaulted by publicNext articleClarity demanded from HSE as concern grows for nursing homes News Highland Facebookcenter_img Pinterest Community Enhancement Programme open for applications Older people warned they’ll have to keep “cocooning” Twitter Twitter Facebook Nine til Noon Show – Listen back to Monday’s Programme Older people are being warned they’ll have to keep “cocooning” until the country has control of Covid-19.People over 70 have been urged to stay at home at all times since March 27th, to try prevent them contracting the infection.While the Department of Health insists cocooning is advisory and not mandatory, Chief Medical Officer Tony Holohan says the over-70s shouldn’t leave their homes yet:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/04/holohlkjkljlan8am.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. By News Highland – April 16, 2020 WhatsApplast_img read more

Man arrested after aggravated assault of transgender woman caught on video

first_imgBlakeDavidTaylor/iStock(DALLAS) — A man has been arrested in connection to the beating of a transgender woman in Dallas.Dallas police announced on their blog that Edward Thomas, a 29-year-old black man, was charged Sunday with aggravated assault.Thomas is in custody at the Dallas County Jail. His bond was set for $75,000, according to the jail’s website, and it is not clear if he has obtained a lawyer.The Dallas Police Department said the incident is being flagged to the district attorney as a possible hate crime.Thomas’ arrest comes two days after the alleged assault, which was captured on video and spread widely over social media.The video shows the woman in a parking lot near the apartment complex when a man in a white long-sleeved T-shirt and white shorts runs up to her and slings her to the ground. He then pins her to the ground and starts raining left and right punches on the woman’s head. Several other men join in the assault, stomping and kicking the woman while she’s down.The woman told police her attackers used homophobic slurs during the incident.The woman told Dallas ABC station WFAA she suffered facial fractures and a right arm injury in the attack. She declined an on-camera interview.Dallas Mayor Mike Rawlings said he was “extremely angry” about the attack.“Chief [Renee] Hall alerted me this morning to the assault at the Royal Crest Apartments and I have seen a video of what happened,” Rawlings said in a statement Saturday. “I am extremely angry about what appears to be mob violence against this woman. I am in contact with the chief and she assured me that the Dallas Police Department is fully investigating, including the possibility that this was a hate crime.”He added, “Those who did this do not represent how Dallasites feel about our thriving LGBTQ community. We will not stand for this kind of behavior.”Dallas police thanked the public for its assistance and asked for anyone with information to call authorities.Twenty-six transgender people, the vast majority women, were killed in 2018, according to tracking by the Human Rights Campaign. One of those women, 26-year-old Karla Patricia Flores-Pavón, was strangled in her apartment in Dallas on May 9.Eighty percent of trans women killed in the past six years were women of color, HRC reports. Copyright © 2019, ABC Radio. All rights reserved.last_img read more