Verizon plans $3.6bn buyback

first_img whatsapp US telecoms group Verizon said it plans to buy back up to 100m of its shares, or 3.6 per cent of its outstanding stock, in a scheme worth $3.6bn (£2.2bn) at recent prices. The firm also said yesterday it will raise its dividend as it moves away from conserving cash. Share Verizon plans $3.6bn buyback Show Comments ▼ Thursday 3 February 2011 8:24 pm KCS-content Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapplast_img read more

Tombola revenue up to £120.1m in 2019-20 despite Covid-19 lockdown

first_imgGambling advisory business Regulus Partners estimates that around 60%, or £72.0m, of this total, came from the UK. It paid a further £2.7m in tax, up 35.1%. Tombola’s total tax bill was £3.0m – of which £1.5m was from UK corporation tax, £1.1m adjustments and £468,000 overseas corporation tax – but £330,000 of this was deferred. Topics: Casino & games Finance Bingo Results 2020 Subscribe to the iGaming newsletter Email Address British bingo operator Tombola’s revenue rose 15.0% to £120.1m (€139.0m/$165.1m) for the year ended 30 April, 2020, but higher staffing costs contributed to profit declining. This left £12.0m in operating profit, a 6.7% decline. Tombola revenue up to £120.1m in 2019-20 despite Covid-19 lockdown The operator then paid administrative expenses of £22.7m, up 10.8%. Much of this spending was on staff, as wages and salary costs were up 13.3% to £15.3m, while overall staff costs grew 12.8% to £17.6m. Regulus noted that given Tombola’s strict player protection requirements, including a £500 weekly deposit cap, may offer a glimpse into a possible future for gambling in the UK given proposed regulatory changes.  “While this model works extremely well for Tombola and it helps to ensure a safer gambling environment ‘by product’, it also speaks to the fact that the vast majority of addressable customer revenue, even in a ‘softer’ product range such as bingo, is driven by less restricted products,” it said. “Tombola’s business model is therefore something of a litmus test for tough product restrictions in the UK and elsewhere: it might capture a lot of customers, but it does not capture much revenue.”center_img Regions: UK & Ireland Tombola’s costs of sales came to £85.3m, up 19.7%, leaving gross profit of £34.7m, up 4.3%. 8th April 2021 | By Daniel O’Boyle AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Bingo After these costs, Tombola’s profit came to £9.4m. This was down 16.6% from 2018-19. The business paid interest income, which dropped 87.2% to £50,000, and interest expenses of £33,000. The year included around six weeks of lockdowns that saw all bingo halls shut in Tombola’s key markets of the UK and mainland Europe. Tags: Tombolalast_img read more

Comic Relief small grants programme for Dorset groups re-opens

first_img  28 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Comic Relief small grants programme for Dorset groups re-opens Tagged with: community foundations Funding South West The Comic Relief small grants programme for Dorset is now open again for applications. Dorset Community Foundation administers the grants for Comic Relief within the county.Grants of between £1,000 and £10,000 are available. Past grants have averaged £2,100.The Community Foundation will give priority to small, locally based groups or organisations in areas of disadvantage that have a clear understanding of the needs of their community. To qualify for funding, projects should be run by people directly affected by the issues they are dealing with. Advertisement 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.center_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Typical recipients in Dorset of Comic Relief small grants have included community sports activities, community employment projects, volunteer and staff training. For example, First Bradford Scout Group was one of the successful applicants from the third round of Comic Relief applications. They received a grant towards supporting hardship cases to have access to camping equipment.The deadline for applications for the current round is 16 April 2013. Not in Dorset?Dorset is just one of many community foundations that distribute Comic Relief small grants. The Community Foundation Network lists participating Community Foundations.www.dorsetcommunityfoundations.org Howard Lake | 10 February 2013 | Newslast_img read more

Justice for Jovan!

first_imgBy Andrea Bañuelosand Tommy Cavanaugh Rockford, Ill.Dozens of family and community members marched in downtown Rockford on May 3 chanting “Justice for Jovan!” to protest the murder of Valentia Fresco, who went by the name Jovan Blake. The father of five children, Blake had a girlfriend with whom he had planned on building his life. Blake was gunned down by two Metro Enforcement officers on April 16 across from Auburn Manor while he was celebrating his 34th birthday.According to witnesses, Jovan was tased, handcuffed and shot seven times. His last heard words were, “But I didn’t even do nothing.”Metro Enforcement is an armed private security agency that patrols local housing projects and has earned the disdain of many Rockford residents throughout its history. Metro Enforcement officers chased Blake off the property that they are hired to patrol, making the legality of their pursuit extremely questionable.While speaking outside the Rockford police station and county courthouse, Ellen M., a family friend who saw the scene after Blake was killed, said about the Metro Enforcement officers: “You tased him, handcuffed him and shot him seven times. You need to be locked up!” After the protest she said to WW reporters: “It was cold-blooded murder. … If they go free, that sends the message that they can shoot and kill and nothing will be done.”Police officials and news reports have claimed Blake was armed with a gun, some even claiming he was armed with multiple guns. Yet no guns have been produced by the police nor any evidence shown to support claims that he was a threat. The coroner’s office has confirmed that the cause of Blake’s death was gunshot wounds, but has not said how many times he was shot or where on his body.The names of the Metro officers have not been released, and they have not been charged in the killing. Family members are demanding charges be brought against them and plan to continue to hold demonstrations until justice has been delivered. Another protest has been called for 4 p.m. on May 13 at 618 E. State St.Jovan Blake was another person of color whose life has been tragically cut short by racist police and vigilante terrorism that is characteristic of this rotten system of U.S. imperialism. Workers World Party expressed its condolences to Blake’s family and stands in solidarity with their fight against this criminal system.Justice for Jovan! FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Sign the petition to tell Attorney General Loretta Lynch to FREE the MOVE 9

first_imgThe following appeal was written by Michael Davis Africa, one of the unjustly imprisoned MOVE 9 and a member of the Move Organization.Michael Davis AfricaOn The Move!On Aug. 8, 1978, the MOVE Organization’s headquarters was attacked in a pre-dawn raid  by several hundred Philadelphia cops and officials. Under cover of smoke, tear gas and thousands of gallons of water from water cannons, the cops fired thousands of bullets at us from all directions. During the assault one cop was killed and several other cops and firemen were wounded, all from police fire. However, MOVE members were charged for the assault we all miraculously survived.We were all given a sentence of 30 to 100 years in a railroad trial. That 30 year minimum was up as of August 2008 and we were all given our first parole denial. Several more were to follow making it clear to all those that didn’t understand their role, that they fully intend to finish up where the cops and city officials left off on Aug. 8.While there has always been some debate about the guilt of the men, one fact that has never been disputed is the innocence of the MOVE women. Police on the scene, the district attorney and the courts all collectively agree that none of the MOVE women could possibly be guilty of the death of that cop. Yet Debbie, Janet and Janine have now spent the last 38 years of their lives in prison; victimized by the same cops and officials that dropped a bomb, brutally murdering their children on May 13, 1985.Debbie, Janet and Janine were all denied parole in June of 2016. The parole board, at the insistence of Philadelphia officials, continues to deny their release.  And even worse, the parole board actually gives the Move women longer sanctions than the MOVE men. The issue is not what the parole board will do the next time around. Anyone claiming to be conscious knows full well that the decision they claim to be contemplating in 2016 and beyond was already decided back in 1978, when we survived their murderous assault.At this point we are asking people to urge all their friends and justice-minded people to sign the petition aimed at U.S. Attorney General Loretta Lynch, urging her to investigate the wrongful and ongoing imprisonment of the Move 9. People can sign the petition by going to  www.causes.com/campaigns/92454-free-the-move-9.People have to demand justice not just from the 1 percent but also from the masses in the ranks of the 99 percent who will never fight to occupy anything other than jobs that exploit for the one percent cops, parole agents, prison guards feeding their families while enslaving yours.On The Move!  Long Live John Africa!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Internet Advocacy Coalition Announces Twitter Campaign to Fight Privacy-Invasive Bill (CISPA)

first_img Receive email alerts April 16, 2012 – Updated on January 20, 2016 Internet Advocacy Coalition Announces Twitter Campaign to Fight Privacy-Invasive Bill (CISPA) United StatesAmericas June 7, 2021 Find out more The definition of potential threats is even broader. It targets ‘‘efforts to degrade, disrupt, or destroy” a system or network, the “theft or misappropriation of private or government information, intellectual property, or personally identifiable information”. CISPA is aimed at promoting the exchange of information between the authorities and the private sector to facilitate the detection of, and the fight against, cyber crime. However, it would allow the US government and private companies — service and technical providers – to install systems to monitor communications, or even close down or block access to websites. United StatesAmericas Facebook’s Oversight Board is just a stopgap, regulation urgently needed, RSF says The next stage is a vote in the full House. At the end of March, Rogers announced he had garnered support for the bill from more than 100 members of Congress, Democrats as well as Republicans. June 3, 2021 Find out more Websites that publish classified information, from the New York Times to WikiLeaks, could fall within the scope of the legislation, according to the US digital rights organization Electronic Frontier Foundation. RSF_en Civil liberties organizations are launching a week of Internet-wide protests today against the Cyber Intelligence Sharing and Protection Act of 2011 (CISPA), the controversial cybersecurity legislation that would negate existing privacy laws and allow companies to share user data with the government without a court order.The coalition is urging the US public to take part in a Twitter protest directed at their lawmakers. The campaign will use the hashtags #CongressTMI and #CISPA. In addition to the Twitter protest, organizations are planning letters of opposition and publishing articles outlining the civil liberties implications of the bill.“Freedom of expression and the protection of online privacy are increasingly under threat in democratic countries, where a series of bills and draft laws is sacrificing them in the interests of national security or copyright,” Reporters Without Borders said.“A blanket monitoring system is never an appropriate solution. Reporters Without Borders opposes CISPA and ask Congress to reject this legislation.”CISPA is sponsored by Rep. Mike Rogers (R-MI) and Rep. C.A. “Dutch” Ruppersberger (D-MD). Stop Cyber Spying Week participants are calling on Congress to reject legislation that sacrifices civil liberties in the name of security, and specifically to reject any legislation that:* Uses dangerously vague language to define the breadth of data that can be shared with the government.* Hands the reins of America’s cybersecurity defenses to the NSA, an agency with no transparency and little accountability.* Allows data shared with the government to be used for purposes unrelated to cybersecurity.Participating groups include Access Now, American Civil Liberties Union, American Library Association, Avaaz, Canadian Internet Policy and Public Interest Clinic, Center for Democracy and Technology, The Constitution Project, Demand Progress, Electronic Frontier Foundation, Fight for the Future, Free Press, OpenMedia.ca, Open the Government, Privacy Rights Clearinghouse, Reporters Without Borders, Reverse Robo Call, Sunlight Foundation, Techdirt, and TechFreedom. to go further In the name of the war on cyber crime, it would allow the government and private companies to deploy draconian measures to monitor, even censor, the Web. It might even be used to close down sites that publish classified files or information. WhatsApp blocks accounts of at least seven Gaza Strip journalists News Help by sharing this information center_img Organisation “A blanket monitoring system is never an appropriate solution, nor is blocking or censoring websites that disclose information that is classified but of public interest. Reporters Without Borders opposes CISPA and ask Congress to reject this legislation. Collecting and sharing information arouses major concerns over the protection of privacy and personal information. CISPA would provide a way of circumventing existing privacy legislation. ——–06.04.2012 – Draconian cyber security bill could lead to Internet surveillance and censorshipReporters Without Borders is deeply concerned with the Cyber Intelligence Sharing and Protection Act of 2011 (CISPA), the cyber security bill now before the US Congress. “The organization recently highlighted Britain’s Orwellian bill, and France’s aspirations to make visiting websites that advocate terrorism or violence a crime. “ News “Freedom of expression and the protection of online privacy are increasingly under threat in countries with a democratic reputation, where a series of bills and draft laws is sacrificing them in the interests of national security or copyright,” Reports Without Borders said. News NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say Two previous bills, the Stop Online Piracy Act (SOPA) and the Protect Intellectual Property Act (PIPA), aimed at protecting intellectual property on the Web, were resisted by Silicon Valley but key Web players such as Facebook, Microsoft, IBM and AT&T have announced their support for CISPA. Questioned about the bill, a spokesman for the Center for Democracy and Technology — a non-profit group that campaigns for Internet freedom — told Reporters Without Borders: “CISPA, in its current form, is alarmingly broad in scope. Companies should only be permitted to share narrow categories of information with the government that precisely describe a real cyber security threat. Information-sharing should be about increasing Internet users’ security, not government surveillance.” The bill would allow companies protecting themselves “to use cyber security systems to identify and obtain cyber threat information”. Such vaguely defined systems could also mean monitoring, blocking or filtering systems. News The bipartisan bill was introduced on 30 November by two members of the House of Representatives, Republican Mike Rogers and C.A. “Dutch” Ruppersberger, a Democrat, as an amendment for the 1947 National Security Act, and received the approval of the House Intelligence Committee the following day. Follow the news on United States April 28, 2021 Find out morelast_img read more

Police appeal for information about Derry carjacking

first_img WhatsApp Main Evening News, Sport and Obituaries Tuesday May 25th Gardai continue to investigate Kilmacrennan fire Google+ Pinterest Previous articleCllr Brendan Byrne withdraws threat of defamation against Cllr Terence SloweyNext articleBallyshannon house sale was not completed before fire – Neely News Highland RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+ Police in Derry are appealing for information following an assault and car hijacking in the Waterside area on Saturday last, 17th February.At around 8 o’clock last Saturday morning, a 47 year old woman parked her car in the Fountain Hill area of Derry. As she got out, a man approached her and threatened her with a knife. She was assaulted and fell to the ground. The male stole her handbag and made off in her car, a grey coloured Volkswagen Bora car.The stolen vehicle was then seen driving recklessly in the direction of Strabane and onwards to Omagh. The car was later found crashed on the Beltany Road, Omagh at around 10.30am.Police are appealing for witnesses and are asking anyone who may have seen the car between 8am and 10.30am on Saturday last to contact them. Twitter Police appeal for information about Derry carjackingcenter_img Facebook News Man arrested on suspicion of drugs and criminal property offences in Derry 75 positive cases of Covid confirmed in North Facebook By News Highland – February 20, 2013 Twitter Further drop in people receiving PUP in Donegal 365 additional cases of Covid-19 in Republic WhatsApplast_img read more

Lowery’s folk art bricks pay tribute to middle school teachers

first_img By Jaine Treadwell The world abounds with stories. “Just tell the stories.”That’s according to Wally Lowery, local folk artist,During this time of self-isolation, Lowery has found time to continue telling stories through art. However, he admits that his latest work was prompted, not by the coronavirus pandemic, but by three dusty bricks that have languished in his storage unit for nearly 15 years. Latest Stories Statewide cases top 2,000: Nursing home reports first case A resident at a Troy nursing home facility has tested positive for COVID-19. Troy Health and Rehabilitation was notified on… read more “They are gifts to three teachers who made a difference in my life,” he said. “They are my way of saying ‘thank you’ for teaching me and caring about me.”Many of Lowery’s “Wally Art” pieces also say “thank you” to  others who have influenced his life. And, some of it’s just for the fun of it but all of it tells a story.It’s not Picasso or Homer but it’s a story, whether it’s about President Donald Trump and his trademark hair-do or the late Sam Adams’ peanut roaster or a neighbor down the street, Wally-art tells a story – about people, places and things. And, he says when the inspiration comes, he’ll tell a story about the virus that brought the world to a stand-still and, for sure, it will be a humdinger. Print Article Pike County Sheriff’s Office offering community child ID kits Next Up“I had forgotten all about the bricks until just the other day when I found them pushed way back in the storage unit,” Lowery said. “When the Charles Henderson Middle School building was being demolished about four years ago, I was walking around up there one evening and came across several bricks that had not been crushed by the crane. I picked them up, why I don’t know.” Nostalgia? Perhaps.“I went to middle school there and have a lot of memories of those years,” Lowery said. “But at the time, I had no thoughts of doing anything with the bricks except — saving them, I guess.” You Might Like Messenger photo/submittedThese three bricks from Charles Henderson Middle School are painted in honor of three of the teachers who made the biggest impact on Wally Lowery during his time at the school. The Troy-based folk artist says the coronavirus has given him more time to explore painting projects like these. Published 3:00 am Wednesday, April 8, 2020 Plans underway for historic Pike County celebrationcenter_img Email the author Remember America’s heroes on Memorial Day Lowery’s folk art bricks pay tribute to middle school teachers Troy falls to No. 13 Clemson The Penny Hoarder Issues “Urgent” Alert: 6 Companies… By The Penny Hoarder Book Nook to reopen Even when Lowery rediscovered the bricks in the storage unit, he was not inspired to use them as canvases. The inspiration came later.“The thought came to me to paint three teachers at the middle school that had lasting influences on my lives – Ann Huner, who taught English;  Dot Green, math; and Martha Ellis, science. Of course, there were other teachers that impacted my life but these three stand out because, not only were they great teachers, but they went above and beyond for all of us. As a member of Generation X, Lowery said he wasn’t bad, just into mischief.“But, no matter what I got into and how many times I was sent to the office, they loved me still,” Lowery said, laughing.Although, Lowery sells much of his folk art, these bricks aren’t for sale. Sponsored Content Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Patriot Health ZoneHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential Health32-second Stretch Ends Back Pain & Sciatica (Watch)Healthier LivingThe 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

Federal prosecutors push to keep Ghislaine Maxwell jailed, question statements about husband

first_imgJimi Celeste/Patrick McMullan via Getty ImagesBy JAMES HILL and AARON KATERSKY, ABC News(NEW YORK) — Federal prosecutors in New York are urging a judge to reject Ghislaine Maxwell’s second attempt to be released on bail in advance of her trial, arguing that she remains an “extreme flight risk” because of her foreign ties, her alleged “lack of candor” and her “demonstrated willingness and sophisticated ability to live in hiding,” according to court documents made public on Friday.Maxwell, who has pleaded not guilty to enabling and, in some cases, participating in deceased sex-offender Jeffrey Epstein’s alleged sexual abuse of three minors in the mid-1990s, argued again for release on bail in a motion earlier this month. Maxwell’s submission included letters from her previously undisclosed husband and more than a dozen relatives and friends attesting to her “forthright character” and their confidence she would not flee.“Ms. Maxwell would never destroy those closest to her by fleeing, after they have risked so much to support her,” Maxwell’s attorneys wrote in the renewed motion for bail.But prosecutors cast Maxwell’s pitch for a $28 million bail package as a rehash of arguments previously rejected by the court at a detention hearing in July, two weeks after Maxwell’s arrest.“The offense conduct outlined in the indictment remains incredibly serious, the evidence against the defendant remains strong, and the defendant continues to have extensive financial resources and foreign ties, as well as the demonstrated ability to live in hiding for the long term,” wrote prosecutors.Maxwell revealed in her renewed bail application that she has been married for four years, but prosecutors balked at the notion that would keep her from fleeing the country and faulted Maxwell for an “apparent willingness to deceive” the court initially about her assets and her marital status after her arrest.“Although the defendant now claims her marriage would keep her in the United States, her motion does not address the plainly inconsistent statements she made to Pretrial Services at the time of her arrest, when, as documented in the Pretrial Services Report, the defendant said she was ‘in the process of divorcing her husband,’” acting U.S. Attorney Audrey Strauss wrote.“On this point, it bears noting that the defendant’s motion asks that she be permitted to live with [name redacted] if granted bail, not her spouse,” Strauss added.Maxwell’s spouse, whose name has been redacted from the public version of the court filings, told the court in a letter earlier this month that the person described in the federal government’s criminal charges is “not the person we know.” He said he did not come forward as a co-signer to Maxwell’s initial bail application because they were trying to protect their family “from ferocious media aggression.”“I have never witnessed anything close to inappropriate with Ghislaine; quite to the contrary, the Ghislaine I know is a wonderful and loving person,” he wrote in a letter accompanying the motion for bail.A person familiar with Maxwell’s thinking said that divorce was an option she had considered immediately after her arrest in order to protect the privacy of her husband and family, but that it was not pursued.Prosecutors noted in their response to the new bail application that all three of the alleged victims listed in the indictment continue to oppose her release. The government included in their filing a letter to the judge from Annie Farmer, 41, who has publicly identified herself as one of the three alleged victims. Farmer’s letter expresses her doubts that Maxwell would show up for trial if she’s granted release on bail.“She has lived a life of privilege, abusing her position of power to live beyond the rules. Fleeing the country in order to escape once more would fit with her long history of anti-social behavior,” Farmer wrote.“Maxwell has repeatedly demonstrated that her primary concern is her own welfare, and that she is willing to harm others if it benefits her,” Farmer continued. “She is quite capable of doing so once more. She will not hesitate to leave the country irrespective of whether others will be on the hook financially for her actions because she lacks empathy, and therefore simply does not care about hurting others.”At Maxwell’s initial detention hearing in July, prosecutors conceded that they were not alleging Maxwell presented a danger to society if released on bail, but argued that her finances were “opaque” and that she was the “very definition of a flight risk.”More than $22 million of the assets Maxwell has pledged to secure the proposed bond would come from the combined resources of Maxwell and her husband, with the remainder to be posted by a handful of close family and friends, according to Maxwell’s court filing earlier this month.Maxwell’s lawyers noted in their motion for bail that she and her husband have filed joint federal tax returns since 2016. Prosecutors did not challenge the accuracy of the couple’s tax filings, but argued in their opposition that most of the couple’s reported assets were Maxwell’s to begin with, and that she had “slowly funneled the majority of her wealth to trusts and into her husband’s name over the last five years.”As a result, the government contends, if Maxwell were to flee she would “largely be sacrificing her own money and assets, thereby limiting the moral suasion of her spouse co-signing the bond,” prosecutors wrote.The government also alleged that Maxwell’s proposed bail package would still leave her with substantial resources to flee the country. Maxwell’s proposal “does not change the government’s position that the defendant has considerable financial resources and could live a comfortable life as a fugitive,” prosecutors wrote.Maxwell, 58, is the Oxford-educated daughter of Robert Maxwell, the larger-than-life publishing baron whose rags-to-riches story captivated England. She lived an extravagant life among the British elite until her father’s business empire collapsed in the wake of his death in 1991. She decamped to New York looking for a fresh start and was soon seen in the company of the mysterious multimillionaire Epstein.Following Epstein’s death in August 2019, prosecutors vowed to hold accountable anyone who allegedly conspired with him or participated in his alleged child-sex trafficking crimes. Their attention quickly turned to Maxwell, who had previously been accused in civil lawsuits of facilitating Epstein’s abuse of young women and girls, allegations that she has long denied. She was arrested on July 2 in a surprise early morning raid at a secluded 156-acre property in New Hampshire that had been purchased by a shell company in an all-cash transaction, according to court records and public documents.Maxwell’s lawyers have argued that she went into seclusion after Epstein’s death in order to avoid media scrutiny on her and her family rather than to avoid arrest. But prosecutors argued in their opposition that, whatever the reason, “her time in isolation makes clear that, even to the extent she has loved ones and property in this country, she has proven her willingness to cut herself off entirely from them and her ability to live in hiding.”If granted bail under her proposed conditions, Maxwell would be restricted to a New York residence with round-the-clock security and GPS monitoring. She would also irrevocably waive her rights to contest extradition from France or England, the two countries other than the U.S. where Maxwell holds citizenship.Prosecutors countered that GPS monitoring would offer “little value for a defendant who poses such a significant flight risk because it does nothing to prevent the defendant’s flight once it has been removed. At best, home confinement and electronic monitoring would reduce a defendant’s head start after cutting the bracelet.” And they contended that her proposed waivers to contest extradition would likely be “unenforceable and effectively meaningless” if she were to flee.Maxwell’s lawyers will have one more opportunity to counter the prosecution’s argument for her continued detention. They’ve asked U.S. District Judge Alison Nathan to schedule a hearing next week on her renewed bail package. Nathan has not yet committed to a hearing and may issue her decision solely on the written arguments.Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Look to the long term to remain strategic

first_imgLook to the long term to remain strategicOn 10 Dec 2002 in Personnel Today Previous Article Next Article There is little doubt that the downturn is beginning to bite hard. As aconsequence, we are seeing companies shifting their focus from far-sightedstrategies to short-term tactics to deal with more difficult market conditions.This approach, while understandable, carries with it a need for firms torefocus their people strategies when market conditions improve, which can causeuncertainty and demands constant change management. An ongoing strategicmanagement process is clearly a better model – short termism results in overrecruitment in buoyant times, with the risk of valuable staff being lost tocompetitors. At Deloitte & Touche, we have not made any large-scale redundancies. Ourbusiness plans have recognised the potential volatility in our markets and inall our businesses we strive to avoid excessive resource build-up. As peopleare our business, the ability to retain, recruit and motivate the best talentis critical to business success at all times. We also realise that a toughclimate can provide opportunities for future growth and the potential forgaining an edge on competitors. A motivated workforce will be best positionedto capitalise on these opportunities. Over the last few years we have recruited directors and partners from theother ‘Big 4’ firms and financial institutions, bringing in talentedspecialists who innovate and add to our service range. We are continuing withthis even in the current environment. It is clear that whatever difficult decisions are taken, a business mustkeep long-term strategy in mind while ensuring costs are managed effectively inthe short term. If this can be achieved while strengthening the business, thenthe business will be on a good platform for growth. Sometimes it is not possible to perform this balancing act – redundanciescan be inevitable. But, it is worth bearing in mind that redundancy programmesare costly in comparison with other available options, such as postponinginvestment programmes. Companies that make large-scale redundancies will needto deal not only with the costs of the programme, but with motivational issuesfor the remaining staff and the cost of employing new staff when there is anupturn in the economy. A more flexible reward programme tied to corporate andindividual performance can provide an effective cost management tool. This flexible approach is our favoured option. It works for our people andour business. For us the cyclical nature of the economy means that when dealsdrop off, other parts of the business become more buoyant. To benefit fromthese economic shifts we take immediate action – which can mean aggressivereallocation to those parts of the business doing well or strong performancemanagement of our staff, as doing what is right for the business cannot wait. Clearly, there is no single formula for success, but companies which seizethe initiative early before changes are forced on them by externalcircumstances will be best positioned for the future. By John Connolly, Chief executive and senior partner, Deloitte& Touche Comments are closed. Related posts:No related photos.last_img read more