The State Pension won’t give you a comfortable retirement but I think these UK growth stocks might

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. Paul Summers | Saturday, 15th August, 2020 | More on: BOO IBPO XPP 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. Our 6 ‘Best Buys Now’ Shares Image source: Getty Images 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 Paul Summers Simply click below to discover how you can take advantage of this.center_img The State Pension won’t give you a comfortable retirement but I think these UK growth stocks might If you think the State Pension will give you a comfortable retirement, think again. Right now, those entitled to the full new version receive just £175.20 per week.This meagre sum is why we at the Fool UK think putting money into investments sooner rather than later is important. The earlier you do, the better your golden years are likely to be thanks to the beauty of compound growth.  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…With this in mind, here are a few quality UK stocks that I think could be great additions to any retirement-focused portfolio.Power up your retirementFirst up is XP Power (LSE: XPP). Headquartered in Singapore, the firm designs and manufactures critical power control solutions for the electronics industry.Although not immune to the pandemic, this month’s half-year numbers were anything but bad. Order intake jumped 45% to £145.8m over the first half of 2020, thanks in part to demand from healthcare clients. Confident that revenue will grow in the second half of the year, XP also decided to reinstate its dividend. Of course, none of this has gone unnoticed by the market. Having more than doubled in value since the dark days of March, XP is a great example of why it pays to buy quality stocks when they’re on sale. The fact that the shares are now far from cheap (30 times earnings) is, of course, something to bear in mind if — and it’s a big ‘if’ — you think markets could crash again in the near future.Notwithstanding this, I suspect even those buying now will still make great returns in time for their retirement.Bouncing backAim-listed fashion giant Boohoo (LSE: BOO) fell out of favour with the market a few months ago following concerns over working conditions in warehouses supplying garments to the fast-fashion specialist.Although it’s vital that any concerns are addressed, I sincerely doubt this episode will impact the company’s ability to grow investors’ wealth over the long term.Based purely on recent trading, Boohoo is a business that’s hard to fault. A beneficiary of the lockdown, total revenue jumped 45% to almost £368m in Q1. One big drawback with the company, however, is its valuation. A forecast price-to-earnings ratio of 43 is not something to be taken lightly, especially if more revelations emerge.Like XP, however, BOO’s valuation arguably becomes less important the longer you plan to hold its stock. Those with five years or more to go until retirement could still do very well.Profit jumpIntegrated software and service company iEnergizer (LSE: IBPO) is my final pick of stocks capable of turbocharging your retirement nest egg. Nicely diversified, it has clients ranging from banks to gaming companies to healthcare firms.   Having fallen like everything else back in March, iEnergizer’s share price is now back to where it was at the start of 2020. A quick scan of its full-year results from June helps to explain this speedy recovery.Back then, the company announced a 10.1% rise in total revenue (to $194.9m) and 28.7% rise in pre-tax profit (to $52.5m).Despite these stellar numbers, iEnergizer still trades on forecast P/E of a little less than 16. That looks great value considering its rapidly improving balance sheet and the excellent (and rising) returns on capital employed it generates.Expect this company to hit more investors’ radars if it manages to maintain its recent form. Paul Summers owns shares of boohoo group. The Motley Fool UK has recommended boohoo group and XP Power. 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. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

Highlights and celebrations as All Blacks win successive Rugby World Cup titles

first_imgSunday Nov 1, 2015 Highlights and celebrations as All Blacks win successive Rugby World Cup titles The All Blacks did what nobody before them has ever managed to do as they beat the Wallabies to go back to back and retain the Rugby World Cup. Their 34-17 victory takes them to three title wins, ahead of South Africa and Australia who remain on two.The defending champions looked comfortable at halftime but a Ben Smith yellow card gave Australia the chance to get within four points, before New Zealand pulled away yet again.While the match was a farewell for a number of stars, captain Richie McCaw wouldn’t give too much away when asked whether it was his final All Blacks match or not. He hinted at wanting to play more, but will no doubt take time to soak up the moment, then make a decision.We’ll have more reaction throughout the week. For now you can see full highlights above, with post match celebrations and interviews belowTrophy Presentation and Celebrations All Blacks celebrate with Ka Mate Haka for the fans Captain Richie McCaw on his proudest ever momentCoach Steve Hansen ‘really proud of the boys’Julian Savea lost for words following RWC victoryStephen Moore on how NZ thoroughly deserved the win Wallaby coach Michael Cheika: ‘They deserve to be world champions’ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error All Blacks , Rugby World Cup , Wallabies Related Articles 40 WEEKS AGO North vs South should be a permanent fixture… 40 WEEKS AGO Barrett could easily end up on All Blacks… 42 WEEKS AGO Future All Blacks? Here are the standout… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Bent + Sliced Residence / Hufft Projects

first_imgShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/43857/bent-sliced-residence-hufft-projects Clipboard Projects Area:  390 m² Year Completion year of this architecture project Year:  United States “COPY” Photographs:  Mike Sinclair Text description provided by the architects. Representing the second take on the originally proposed “Bent House”, the “Bent and Sliced House” incorporates the original concept of bending the home to accommodate the curving slope of the site. Furthermore, the idea of slicing and unfolding the home in a manner similar to Japanese Origami is introduced to create clerestories allowing opportunities for daylighting and natural ventilation. The Bent and Sliced House also incorporates a number of sustainable features. These include geothermal heat pumps, a vegetated roof in combination with highly reflective and recycled roof membranes, local and recycled materials inside and out, low VOC paints, a cistern to supply all water required for irrigation, and ample daylighting which eliminates the need for artificial light during the day. Save this picture!© Mike Sinclair Recommended ProductsDoorsAir-LuxPivoting DoorWoodSculptformTimber Click-on BattensDoorsJansenDoors – Folding and SlidingEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornThe house’s exterior and interior is also marked by the iconic and sensitive use of Western Red Cedar. It wraps the surfaces of walls, encases bathroom furnishings, and turns from the surface of a wall to form a ceiling. The material’s versatility is exhibited to the fullest. Different finishes allow for subtle but noticeable color variations giving the Bent and Sliced House its characteristic signature aesthetic.Project gallerySee allShow lessMaster Plan Ideas Competition for Gold Coast won by Super ColossalArticlesOffice for Urban Development and Environment / Sauerbruch HuttonArticles Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/43857/bent-sliced-residence-hufft-projects Clipboard CopyAbout this officeHufft ProjectsOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesDabasSpringfieldWoodHouses3D ModelingUnited StatesPublished on December 18, 2009Cite: “Bent + Sliced Residence / Hufft Projects” 18 Dec 2009. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogSinkshansgroheBathroom Mixers – Talis SVinyl Walls3MExterior Vinyl Finish – DI-NOC™ Solid ColorPartitionsSkyfoldRetractable Walls – Stepped & Sloped SpacesDining tablesZeitraumWood Table – TautBathroom AccessoriesBradley Corporation USARoll Towel Dispenser – Electronic TouchlessWoodLunawoodThermowood FacadesAluminium CompositesSculptformClick-on Battens in Victoria GardensMetal PanelsLongboard®Metal Ceilings – DauntlessWoodStructureCraftEngineering – Mass TimberPanels / Prefabricated AssembliesULMA Architectural SolutionsPerforated Facade PanelFiber Cements / CementsDuctal®Rainscreen Cladding Panels for Lightweight Facades in Apartment BlockBricksAcme BrickModular Size BrickMore products »Read commentsSave想阅读文章的中文版本吗?弯曲+切片住宅 / Hufft Projects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 CopyHouses•Springfield, United States ArchDaily Houses “COPY” 2008 Photographs Bent + Sliced Residence / Hufft Projects Save this picture!© Mike Sinclair + 33 Share Bent + Sliced Residence / Hufft ProjectsSave this projectSaveBent + Sliced Residence / Hufft Projects Architects: Hufft Projects Area Area of this architecture projectlast_img read more

Hataitai home / John Mills Architects

first_imgSave this picture!© Paul McCredie+ 13 Share Area:  244 m² Area:  244 m² Year Completion year of this architecture project Houses New Zealand ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/431230/hataitai-home-john-mills-architects Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/431230/hataitai-home-john-mills-architects Clipboard photographs:  Paul McCrediePhotographs:  Paul McCredieSave this picture!© Paul McCredieText description provided by the architects. This is a true Wellington home. Spectacular views, but facing the morning sun, with a slope to challenge any engineer. Situated on the eastern flank of Mt Victoria, near the city, with magnificent views over Evans Bay, Shelly Bay, and the Tararua mountain ranges to the north.Save this picture!© Paul McCredieThe wish was to subtly unfold the interiors, as one climbs up, and ultimately deliver the big outlook and outdoor flow to the living rooms. The owners wanted a complex series of private spaces, contrasting with clean yet expressive form and honest finishes.Save this picture!© Paul McCredieA strong desire to have a comfortable home has been realised, with the ambient temperature stable at 20 -21 degrees year round with little thermal input due to insulation and passive solar design.Save this picture!© Paul McCredieGiven the cacophony of building styles in the surrounding area, we attempted to merge with the hillside, and let the vertical geometry provide the Architectural melody. The result is a dynamic indigenous home that embraces family living while creating unique Wellington spaces with playful and practical materials and enduring living comfort.Save this picture!PlanProject gallerySee allShow lessIntuition: Your Best Design Tool?ArticlesMark Wigley Steps Down as Dean of Columbia University’s GSAPPArchitecture News Share 2011 Year:  ArchDaily Photographs Hataitai home / John Mills Architects Year:  2011 “COPY” Projects “COPY” CopyHouses•Wellington, New Zealand Architects: John Mills Architects Area Area of this architecture project Hataitai home / John Mills ArchitectsSave this projectSaveHataitai home / John Mills Architects CopyAbout this officeJohn Mills ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesWellingtonHousesNew ZealandPublished on September 25, 2013Cite: “Hataitai home / John Mills Architects” 25 Sep 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPartitionsSkyfoldChoosing the Skyfold Wall for Your SpaceGlass3MGlass Finish – FASARA™ GeometricShower ColumnshansgroheShoulder ShowersPanels / Prefabricated AssembliesMorin Corp.Metal Wall Systems – ExposedStonesCosentinoSurfaces – Dekton® Stonika SeriesConcrete FloorsSikaIndustrial Floor CoatingsHanging LampsLouis PoulsenPendant Lights – KeglenDoorsSky-FrameInsulated Sliding Doors – Sky-Frame SlopeThermalSchöckMinimizing Thermal Bridges in BalconiesWindowspanoramah!®ah! Ultra MinimalistEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreWork ChairsDynamobelWork Chair – SLAT 16More products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Ebrington Barracks set for facelift

first_img Twitter Ebrington Barracks set for facelift A £6m contract to redevelop the parade ground at a former Army base in Derry has been awarded.SIAC (NI) Ltd will transform the space at Ebrington Barracks into a new public square that will link up with the city’s new Peace Bridge.Derry’s regeneration company, Ilex, said it was the first “major step” in the redevelopment of Ebrington.Work on the site is due to get underway in a fortnight.Foyle MP Mark Durkan, says this is a step closer to a new Derry:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/09/durk1pm.mp3[/podcast] Facebook Guidelines for reopening of hospitality sector published Facebook Google+ Pinterest WhatsApp Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+ Newscenter_img Previous articleHSE management in West now plan to cut temp staffing levels by 7,000 hoursNext articleShots fired at house in Derry News Highland WhatsApp Pinterest Calls for maternity restrictions to be lifted at LUH Twitter RELATED ARTICLESMORE FROM AUTHOR LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton By News Highland – September 1, 2010 Almost 10,000 appointments cancelled in Saolta Hospital Group this week Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

Council sorry for issuing Gaeltacht Household Charge reminder letters in English

first_img RELATED ARTICLESMORE FROM AUTHOR Council sorry for issuing Gaeltacht Household Charge reminder letters in English Pinterest Twitter Twitter News Dail hears questions over design, funding and operation of Mica redress scheme Google+ Man arrested in Derry on suspicion of drugs and criminal property offences released Pinterest Dail to vote later on extending emergency Covid powers Facebookcenter_img WhatsApp Google+ Previous articlePolice treated Omagh incident as attempted murderNext articleDonegal seeking alliance with Monaghan to push for A5 upgrade News Highland By News Highland – January 29, 2013 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report HSE warns of ‘widespread cancellations’ of appointments next week Donegal County Council has admitted it breached the Official Languages Act when it sent reminder letters to residents of the Gaeltacht in English.The controversy was sparked last year when a number of Gaeltacht residents received reminders for the Household Charge, but not in Irish.The Council says it will not be challenging the findings and recommendations of a report into the incident carried out by the Irish Language Commissioner.That has been welcomed by Councillor David Alcorn who says he has been assured that such a mistake will not happen again:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/01/davidLETTERS.mp3[/podcast] Facebook PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal WhatsApplast_img read more

21 Notable Judgments/Orders Delivered By Courts During COVID-19 Lockdown

first_imgKnow the Law21 Notable Judgments/Orders Delivered By Courts During COVID-19 Lockdown Harsha Asnani and Roopadaksha Basu6 Jun 2020 10:08 PMShare This – xThe outbreak of Covid-19 pandemic has resulted in lockdown across the country in all spheres of activities. However, even during such challenging times, the judiciary has continued its function by evolving to a virtual system of adjudication. The present articles summarises some of the orders passed by the Supreme Court and various High Courts during the first phase of the lockdown….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 outbreak of Covid-19 pandemic has resulted in lockdown across the country in all spheres of activities. However, even during such challenging times, the judiciary has continued its function by evolving to a virtual system of adjudication. The present articles summarises some of the orders passed by the Supreme Court and various High Courts during the first phase of the lockdown. This article forms part of a series where we analyse the judicial activities during the different phases of lockdown.1. E-auction of properties during lock-down stayed Case Number: W.P. No. 6632 of 2020 Forum: Karnataka High Court (Justice Mr. G. Narendar) Date of Order: 24.03.2020 Challenge in brief: The Petitioners challenged the action of Respondent Banks of conducting auction sale of their properties. It was contended that despite the present lockdown, the Bankers have been receiving bids from various interested parties in respect of the properties. The same constitutes a violation of the Lock-down order issued by the Government Order: It was prima facie observed that any activity by any of the Departments beyond the exceptions provided under the Government Order dated 23.03.2020, including the holding of auctions by Banks, would constitute a violation of the Government Order entailing prosecution. Thus, the Court deferred the proposed auction activities till the restrictions imposed under the Government Order in respect of the lockdown are revoked.2. Being critical of government cannot entail police action Name of the case: Dr.Indranil Khan v. State of West Bengal & Ors. Case Number: W.P. No. 5326(W) of 2020 Forum: Calcutta High Court (Justice Mr. I.P. Mukherji) Date of Order: 01.04.2020 Challenge in brief: The Petitioner (medical practitioner) had made several Facebook posts alleging that deficient protective gears were supplied by the government to its doctors attending COVID‐19 virus affected patients in its hospitals. For such posts, he was charged under section 153A of the IPC for the offence of causing disharmony and feeling of hatred which disturb public tranquillity. The Police authorities had interrogated him and seized his mobile phone and sim-card. By way of the writ petition, the Petitioner had challenged the actions of the Police Authority. Order: The High Court observed that an expression of opinion that can cause disrepute to the government cannot be met with such intimidation of the person expressing the opinion by subjecting him to prolonged interrogation, threatening arrest seizing his mobile phone and SIM card. Such methods can be used only in case if a person utilizes this freedom by maliciously circulating material with a view to cause damage to another person or to the public at large or the nation. The liberty of the petitioner can only be curtailed by orders of the court passed in a properly instituted proceeding In the present case none of these ingredients were fulfilled and therefore the Police Authority was directed to immediately return the mobile phone and SIM card of the petitioner. The Authority was further directed that no interrogation shall be initiated without the leave of the court.3. Movement of persons for procurement of food for animals is permitted during lockdown Name of the case: N.Prakashv. State of Kerala and Anr. Case Number: W.P. (C). TMP-28 OF 2020 Forum: Kerala High Court (Justice Mr. A.K. Jayasankaran Nambiar and Hon’ble Justice Mr. Shaji P. Chaly) Date of Order: 06.04.2020 Challenge in brief: The Petitioner had challenged the denial of vehicle pass to venture out and purchase “Meo-Persian” biscuits for his cats. The Petitioner contended that these biscuits are essential food-items for his cats. Reliance was placed on judgment of the Supreme Court in Animal Welfare Board of India v A. Nagaraja – 2014 (7) SCC 547 to contend that animals have a fundamental right to life, under Article 21 of the Constitution. Hence, the police authorities cannot refuse him a pass for procuring cat food. Further, as per the guidelines issued by the Central Government in the Ministry of Home Affairs, “animal feed and fodder” have been included as “essential items” in respect of which movement is permitted during the lockdown period. Order: The Court observed that several statutes such as the IPC and Prevention of Cruelty to Animals Act, 1960 and guidelines issued by the World Health Organisation of Animal Health provide for the welfare of animals in addition to making it a punishable offence to kill or injure any animal. Further, introduction of Article 51 A (g), has led to a renewed interpretation of the provisions of the 1960 Act by casting a fundamental duty on every citizen to have compassion for living creatures. A citizen’s choice to rear pets is traceable to his fundamental right to privacy as recognised by the Apex Court in Puttaswamy’s case, which in turn is a facet of his right under Article 21. The Writ Petition was allowed and the Respondents were directed to permit the petitioner to travel to Kadavanthara, Kochi, to procure the said item of cat food, on his producing a self-declaration stating the purpose of his travel.4. Banks cannot classify firms as NPA during the lock-down Name of the case: Anant Raj Ltd. v. Yes Bank Ltd. Case Number: W.P.(C) Urgent 5/2020 Forum: Delhi High Court (Justice Mr. A.K. Sanjeev Sachdeva) Date of Order: 06.04.2020 Challenge in brief: The Petitioner had approached the Court seeking a direction against Yes Bank from taking coercive/adverse steps against the Petitioner including but not limited to declaring the account of the petitioner as a Non-Performing Asset (NPA). The Petitioner contended that it failed to pay instalment which fell due on 01.01.2020 (the subject matter of the present petition) because of adverse economic conditions brought about by the effects of COVID-19 pandemic. Order: The High Court held that classification of the account of the Petitioner as NPA cannot be done in view of the RBI Circular related to moratorium of loan repayment. The Court held that prima-facie reading of the of the Statement on Development and Regulatory Policies issued by RBI on 27.03.20200 along with the Regulatory Package indicates the intention of RBI to maintain status quo, as on 01.03.2020, for all accounts. The Court further observed that before classification of NPA, an account has to be classified as SMA-2 and any account which is classified as SMA-2 on 01.03.2020 cannot be further downgraded to an NPA after the issuance of the notification. The status has to be maintained as it was on 01.03.2020.Thus, the Court granted interim protection from the account being declared as NPA. However, it was clarified that stipulated interest and penal charges shall continue to accrue on the outstanding payment even during the moratorium period.5. Steel Importers cannot take recourse of force-majeure due to Lockdown Name of the case: Standard Retail Pvt. Ltd. v. M/s. G.S. Global Corp & Ors. Case Number: CAP (L) No. 404 of 2020 Forum: Bombay High Court (Justice Mr. A.A. Sayed) Date of Order: 08.04.2020 Challenge in brief: The Petitioners filed the writ petition under section 9 of the Arbitration and Conciliation Act for restraining the Respondent–Bank from negotiating/ encashing the Letters of Credit. The Petitioner contended that due to outbreak of COVID-19 pandemic and the lockdown declared by the Central/State Government, the contract entered between the Petitioners and Respondents became unenforceable on account of frustration, impossibility and impracticability. Order: The Court denied the grant of any ad-interim relief to the Petitioners on grounds that the Letters of Credit are an independent transaction with the Bank and the Bank is not concerned with underlying disputes between the parties. The Court further observed that the Force Majeure clause contained in the contract is only available to the Respondent and not the Petitioners. The Respondent has performed its obligations for supply of steel and merely because Petitioners cannot perform its contract qua its purchasers cannot discharge its obligations towards Respondent. In any event, the lockdown would be for a limited period, therefore it cannot come to the rescue of the Petitioners so as to resile from its contractual obligations with Respondent No. 1 of making payments, more so considering that import of steel was an essential item.6. Supreme Court issues guidelines for fixation of rates for Covid-19 testing Name of the case: Shashank Deo Sudhi v. Union of India & Ors. Case Number: W.P. No. (D. No.) 10816 of 2020 Forum: Supreme Court (Justice Mr. Ashok Bhushan and Hon’ble Justice Mr. S. Ravindra Bhat) Date of Order: 13.04.2020 Challenge in brief: The Petition was filed challenging the advisory guidelines issued by ICMR fixing the rate of testing for covid-19 at a maximum ceiling of Rs. 4500. The Petitioner had contended that many citizens cannot afford testing because of the prices and thus the testing should be made free. The Court had initially passed an order directing all tests to be conducted for free. However, an Application was moved in the matter seeking for modification of the order. Order: The Hon’ble Court modified its earlier order related to free testing for all patients and issued the following directions such as free testing facility for persons covered under Ayushman Bharat Pradhan Mantri Jan Aarogya Yojan. Matters as to whether such benefit can be estended to economically weaker sections of the society was left open for consideration by the Governments. The Court also directed that private Labs shall continue to charge the payment for testing of COVID-19 from persons who are able to make payment of testing fee as fixed by ICMR.7. Supreme Court issues guidelines for ensuring safety and welfare of children in protection homes Name of the case: In Re Contagion of Covid-19 virus in children protection homes Case Number: Suo Moto Writ Petition (Civil) No. 4 of 2020 Forum: Supreme Court ( Justice Mr. L. Nageswara Rao and Hon’ble Justice Mr. Deepak Gupta) Date of Order: 03.04.2020 Challenge in brief: The petition was moved suo moto by the Court for ensuring the safety of children kept in various types of homes such as foster and kinship care and homes under the Juvenile Justice (Care and Protection of Children) Act, 2015. Order: The Hon’ble Court issued a slew of directions to various authorities concerned with the welfare of children such as Child Welfare Committees, Governments, CCIs to ensure their safety and welfare including taking preventive measures, conducting regular counselling and monitoring, creating awareness, promote and demonstrate positive hygiene behaviours.8. Regular bail applications to be entertained only in exceptional urgent circumstances Name of the case: Sopan Ramesh Lanjrekar v. State of Maharashtra Case Number: Cri Bail Application No. 691 of 2020 [2020 SCC Online Bom 468] Forum: Bombay High Court (Justice Mr. A.M. Badar) Date of Order: 03.04.2020 Challenge in brief: The Application was filed under section 439 of the CrPC seeking bail for offences punishable under Section 420, 409 read with Section 3 of the IPC. The limited question before the Court was whether the present bail application could be considered as ‘urgent’ and any orders should be passed. Order: While examining the process involved in disposing the bail application, the Court was of the prima facie opinion that once a bail writ is issued, several staff members of the concerned court and other department of the State are required to complete various formalities. Due to the present lockdown situation all offices including the offices of the court are virtually closed. Bare minimum staff is deputed to deal with urgent business. In such situation, processing of a bail would amount to breach of the order of lockdown. In view of such situation, unless the Court is satisfied that there exist exceptional urgent circumstances, regular bail applications ought not be entertained. Mere fact that the accused is undergoing detention does not constitute urgency.9. Supreme Court issues guidelines for ensuring safety and well-being of healthcare professionals during Covid – 19. Name of the case: Jerryl Banait v. Union of India & Anr. Case Number: WP (Civil) Diary No. 10795 of 2020 [2020 SCC Online SC 357] Forum: Supreme Court (Justice Mr. Ashok Bhushan and Justice Mr. S. Ravindra Bhat) Date of Order: 08.04.2020 Challenge in brief: The present Writ Petition was filed a medical professional under Article 32 of the Constitution of India as a Public Interest Litigation praying for various directions in reference to pandemic COVID-19, specifically in connection with safety and well-being of healthcare professionals. Order: The Court issued the following interim directions to the respondents in reference to pandemic COVID-19 such as ensuring availability of appropriate Personal Protective Equipment, providing necessary Police security to the Doctors and medical staff in Hospitals and places where patients who have been diagnosed COVID-19 or patients suspected of COVID-19 or those quarantined are housed and take necessary action against those persons who obstruct and commit any offence in respect to performance of duties by Doctors, medical staff and other Government Officials deputed to contain COVID-19.10. Period of the moratorium during which there is a lockdown will not be reckoned by Banks for the purposes of computation of the 90-day NPA declaration period Name of the case: Transcon Skycity Pvt. Ltd. and Ors. v. ICICI& Ors. Case Number: WP LD VC No. 28 of 2020 Forum: Supreme Court (Hon’ble Justice Mr. G.S. Patel) Date of Order: 11.04.2020 Challenge in brief: Whether the moratorium period is excluded in the computation of the 90-day period for determining NPA for amounts that fell due prior to 1st March 2020 and which remain unpaid or in default.. Order: The Court at the outset observed that its scope for adjudication, at that particular juncture, was restricted only to the aspect of urgent ad-interim relief and issues like maintainability were kept open for adjudication at an appropriate time. The Court held that the period during which there is a lockdown will not be reckoned by ICICI Bank for the purposes of computation of the 90-day NPA declaration period. If the lockdown is lifted at an earlier date than 31.05.2020, then this protection will cease on the date of lifting of the lockdown and the computing and reckoning of the remainder of the 90-day period will start from that earlier lifting of the lockdown-ending date. The moratorium period of 01.03.2020 to 31.05.2020 under the RBI Covid-19 regulatory package does not per se give the Petitioners any additional benefits in regard to the prior defaults, i.e. those that occurred before 1st March 2020. Thus, the relief to the Petitioners is co-terminus with the lockdown period. The Court also opined that this order will not serve as a precedent for any other case in regard to any other borrower who is in default or any other bank. Each of these cases will have to be assessed on their own merits. The question as to whether Petitioners are entitled to the benefit of the entire moratorium period in respect of the prior defaults of January and February 2020 was left open.11. Supreme Court rejects nationalisation of health care sector. Name of the case: Amit Dwivedi v. Union of India & Anr. Case Number: WP (Civil) Diary No. 10892 of 2020 Forum: Supreme Court (Hon’ble Justice Mr. Ashok Bhushan and Hon’ble Justice Mr. S. Ravindra Bhat) Date of Order: 13.04.2020 Challenge in brief: The Writ Petition was filed praying for issuance of a writ of mandamus directing the Central Government and all State Governments, Union Territories and other concerned authorities to nationalize all health care facilities, all institutes, all companies and all entities related to health care sector situated in the territory of the Union of India and their respective territories till the pandemic COVID-19 is contained. Order: The Court dismissed the Writ Petition by holding that the prayer is misconceived and no such prayer can be issued. 12. Employers shall be at liberty to deduct wages on account of voluntary absence of workers from the duty. Name of the case: Align Components Pvt. Ltd., and another Vs. Union of India and others. Case Number: Writ Petition Stamp No.10569 of 2020 Forum: Bombay High Court (Justice Mr. Ravindra V.Ghuge) Date of Order: 30.04.2020 Challenge in brief: The Writ Petition was filed challenging the notification dated 29.03.2020 directing employers to pay monthly wages to workers. It was contended that on account of the restrictions imposed due to covid, the managements have been mandated to reduce/shut down their manufacturing activities. Therefore, it was prayed that the petitioners be exempted from paying monthly wages for the period of restriction of manufacturing activities. Order: The Court observed that the issue is pending adjudication before the Apex Court. Therefore, in the interim, it did not interfere with the impugned notification. However, in the wake of partial uplifting of lockdown it was ordered that the workers in the zone where lockdown is lifted will have to report for their duties as per the shift schedules subject to adequate protection. In the event if such workers voluntarily remain absent, the Management would be at liberty to deduct their wages for such absence.13. Invocation of Bank Guarantees cannot be restricted. Name of the case: Indrajit Power Private Ltd. v. Union of India & Ors. Case Number: Crl. M.A.10268-69/2020 Forum: Delhi High Court (Justice Mr. Suresh Kumar Kait) Date of Order: 28.04.2020 Challenge in brief: The Writ Petition was filed challenging the invocation of bank guarantee on account of non-achievement of milestones and efficiency parameters provided under the Coal Mine Development and Production Agreement executed between the parties. Order: While taking into account various facts and circumstances of the case, the Hon’ble Court observed that the Petitioner was granted ample amount of time to comply with its obligations contained in the Agreement. The Court also took into the account legal principles governing invocation of bank guarantees whereby it is well settled that courts should be cautious in granting an injunction to restrain the realization of such a bank guarantee. Grant of Bank guarantee entitles the beneficiary to realize such amounts irrespective of any pending disputes. The bank giving such a guarantee is bound to honour it as per its terms irrespective of any dispute raised by its customer. The very purpose of giving such a bank a bank guarantee would otherwise be defeated. In light of the above, the Hon’ble Court dismissed the writ petition.14. Schools shall not be barred from charging tuition fess during lockdown. Name of the case: Naresh Kumar v. Director of Education & Anr. Case Number: W.P. (C) 2993/2020 Forum: Delhi High Court (Hon’ble Chief Justice and Hon’ble Mr. Justice C. Hari Shankar) Date of Order: 24.04.2020 Challenge in brief: The Writ Petition was filed challenging the order passed by the Government of National Capital Territory of Delhi, seeking for modification of the said order in terms of granting complete exemption from payment of any fee, including tuition fee, at least for the period during which the presently existing lockdown continues to be in place. Order: The Court observed that since schools are imparting education through online mode, they cannot be considered as ‘closed’ so as to disentitle them from charging fees under Rule 165 of the Delhi School Education Rules, 1973. Since during the lockdown, online education is being provided by the schools and availed of by the students, tuition fees cannot be exempted. However, the Court clarified that Rule 165 would continue to apply to ensure that fees would be payable only when it is possible to do so. Further, an obligation was casted upon the Department of Engineering for ensuring minimum misuse of the order.15. State Government cannot defer the salary of employees through executive order Name of the case: Kerela Vidyuthi Mazdoor Sangham & Anr. v. State of Kerala & Anr. Case Number: W.P(C) TMP NO.182 OF 2020 Forum: Kerala High Court (Bench comprising of Justice Mr. Bechu Kurian Thomas) Date of Order: 28.04.2020 Challenge in brief: The Writ Petition was filed by Government employees and unions challenging an executive order dated 23-04-2020 whereby the salaries of Government employees who are in receipt of a gross salary of above Rs. 20,000/- shall be subjected to a deferment of a small portion of their salary. It has been pleaded that the order was issued without authority of law and unconstitutional as being violative of Article 300A of the Constitution of India. Order: The Hon’ble Court opined that the right to receive salary is a right vested in every individual by virtue of Article 309 and the respective Service Rules. Right to salary cannot be withheld/deferred, by the State Government, without authority of law. Neither the Epidemic Diseases Act, 1897 nor Disaster Management Act 2005 provide any justification to the issuance of the said impugned order. Financial difficulty faced by the Government cannot be a legal justification for defer the payment of salary by an executive order. Therefore, the Court ordered a stay on deferment of salary for a period of two months.Following this order, the Kerala Government brought an Ordinance for deferment of salary. Though this was also challenged, the HC refused to stay the same, holding that Government is competent to bring Ordinance for deferring payment of salary.16. Regulation of working hours of supermarkets and operation of state transport services is within the discretion of Government. Name of the case: Sandhya U. Prabhu v. State of Karnataka & Ors. Case Number: Writ Petition No.6671 OF 2020 (GM-RES-PIL) Forum: Karnataka High Court (Bench comprising of  Chief Justice A S Oka and Hon’ble Mrs. Justice B. V. Nagarathna) Date of Order: 21.04.2020 Challenge in brief: The present writ petition was filed challenging the order passed by the Director General and Inspector of Police allowing super markets to function 24×7. It was alleged that the if the super markets are kept open 24×7, large number of people will enter the super markets and will touch the articles which are displayed for sale. This will result in spread of Covid-19. The Writ Petition also challenged the use of Bangalore Metropolitan Transport Corporation (BMTC) buses for facilitating transport of people for ensuring that a provision is made for rendering essential services. It was alleged that cleanliness is not maintained in BMTC buses and if permission to travel is granted to 20 passengers in a bus, it will again result in spread of Covid-19, therefore number of passengers should be reduced. Order: The Court observed that decision to keep super markets open 24×7 relates to purely a policy decision. Depending upon the present state of affairs, it is upon the State Authorities to take a decision regarding the time during which grocery shops and super markets can be kept open. As far as the second challenge is concerned, the Court was of the opinion that there is nothing wrong, arbitrary or illegal in the decision taken to allow BMTC buses to be used for transportation of persons providing essential services.17. Covid -19 testing kits not to be sold above Rs. 400/- per kit/test inclusive of GST Name of the case: Rare Metabolics Life Sciences Pvt. Ltd. and Anr. v. Matrix Labs Case Number: O.M.P.(I)(COMM) 93/2020 Forum: Delhi High Court (Justice Mr. Najmi Waziri) Date of Order: 24.04.2020 Challenge in brief: The parties had entered into an agreement making the Petitioner an exclusive distributor of medical products including COVID 19 Rapid Test Kits imported into India by the respondent. The Petitioner had approached the Court seeking release of 7.24 lacs COVID 19 Rapid Test Kit and other COVID 19 related materials which have been imported and/or are being imported by the respondent from People’s Republic of China. It was contended by the Petitioner that the monies are to be paid after the tests meet the requisite standards of the ICMR. The first consignment of 2.76 lakh tests was delivered to ICMR on 17th April 2020, for which invoice has been raised but the payment is awaited. The moment payment is received, it will be immediately remitted to the respondent. The Respondent contended that the import was on the understanding between the parties that there would be 100% upfront payment specifically for the consignment for ICMR. Order: Considering the present emergency situation, the Hon’ble Court ordered that the 2.24 lakh tests shall be delivered to ICMR, the moment it lands into India. Further, the Respondent shall be given preference in payment before such monies are being adjusting for other payments. The Court was also conscious of the present circumstances where carrying out extensive tests has become the need of the hour. Therefore, it was ordered that the kits/test should be sold at a price not beyond Rs. 400/- per kit/test inclusive of GST.18. Invocation of bank guarantees can be stayed on occurrence of event of ‘special equities’. Name of the case: M/s.Halliburton Offshore Services Inc. v. Vedanta Limited & Anr. Case Number: O.M.P. (I) (COMM) & I.A. 3697/2020 Forum: Delhi High Court (Justice Mr. C. Hari Shankar) Date of Order: 20.04.2020 Challenge in brief: The petition was filed under section 9 of the Arbitration and Conciliation Act, 1996 seeking for interim protection, by way of a restraint, against Respondent No. 1, from invoking or encashing eight bank guarantees. Order: The Hon’ble Court, after consideration of various judicial precedents on invocation of bank guarantees, opined that special equities are to be treated as exceptions to the general principle of contractually binding nature of a bank guarantee. Therefore, upon occurrence of such event, the court is empowered to issue an order of injunction. The ongoing countrywide lockdown arising out of outbreak of coronavirus pandemic falls within such ‘special equities’. Therefore, the Respondent was refrained from invoking the bank guarantees of the petitioner till the expiry of a specified period.This ad-interim order was subsequently vacated on May 29, holding that COVID-19 cannot be an excuse for breach of deadlines before the outbreak of pandemic.COVID-19 A Force Majeure Event; But Not An Excuse For Breach Of Deadlines Before Pandemic Outbreak : Delhi HC  19. Banks cannot take coercive action for defaults in payment of Reverse Factoring Facility. Name of the case: Eastman Auto & Power Ltd. v. Reserve Bank of India & Ors. Case Number: W.P.(C) 2997/2020 Forum: Delhi High Court (Bench comprising of Justice Mr. Navin Chawla) Date of Order: 27.04.2020 Challenge in brief: The writ petition was filed by the petitioner for restraining the Reserve Bank of India and other banks from taking any coercive action in lieu of non-payment for Reverse Factoring Facility availed by the petitioner. The Petitioner had contended that the due to the restrictions declared because of the COVID-19 pandemic, the petitioner has not been able to make payment for servicing of such facility for the period beyond 31.03.2020. Order: The Court observed that the as per the notifications dated 27.03.2020 and 17.04.2020 issued by the Reserve Bank of India, certain relaxations were given in relation to the repayment of loans and advances extended by the banks. The objective of the said notifications was to provide financial relief to the parties who have availed the term loans and working capital facilities. Therefore, in view of the above, the Respondent banks were restrained from taking any coercive action against the Petitioner, including declassification of the petitioner, for the default committed by the Petitioner in the Reverse Factoring Facility availed by the Petitioner.20. Responsible journalism includes the need to exclude irresponsible reporting Name of the case: Dr.Fuad Halim v. State of West Bengal & Ors. Case Number: W.P. No.5328 (W) of 2020 Forum: Calcutta High Court (Bench comprising of Chief Justice Thottathil B. Radhakrishnan and Justice Arijit Banerjee) Date of Order: 28.04.2020 Challenge in brief: The Petitioner had approached the Hon’ble Court raising concerns over the alleged inadequacies in the State’s health infrastructure and insufficient COVID-19 testing in West Bengal. Order: The Hon’ble Court acknowledged the initiatives taken up the Central and State Governments for dealing with various problems that the world is facing by the outburst of the coronavirus. It observed that there is lack of certainty as whether the rapid testing method is being appropriately utilized. Further, such matters fall within the domain of governance and should not be subjected to judicial review unless imminently necessary. The Court further observed that the orders issued by the High Court are being uploaded in the official website. While opining that responsible journalism includes the need to exclude irresponsible reporting, the Court requested those in need of information about the contents of Court’s orders, to access the High Court website and dissuade themselves from propagating or publicizing the orders to champion the cause of anybody concerned.21.Digital Platform Sprinklr Inc. restricted from using information in breach of terms of confidentiality. Name of the case: Balu Gopalakrishnan v. State of Kerala & Ors. Case Number: W.P. (C). Temp. No. 84 OF 2020 Forum: Kerala High Court (Bench comprising of Justice Mr. Devan Ramchandran and Justice Mr. T.R. Ravi) Date of Order: 24.04.2020 Challenge in brief: The Petitioner had raised confidentiality concerns arising out of contract entered between Government of Kerala with a Company by name Sprinklr Inc. to make available an online digital software/platform to process and analyse data with regard to patients and those vulnerable and susceptible to Covid – 19. Order: Keeping in view the submissions of Government of Kerala that without the assistance of software provided by Sprinklr, they cannot continue to fight against Covid -19, the Court direct the Government of Kerala and its concerned Departments to anonymise all the data that have been collected from the citizens of the State. It was further directed that the Government to inform every citizen, from whom data is to be taken in future that such data is likely to be accessed by Sprinklr or other third party service providers and their specific consent to such effect shall be obtained in the necessary forms. The Court also issued injunction against Sprinklr from directly/indirectly committing any act in breach of confidentiality of the data entrusted to them for analysis/processing.Harsha Asnani is an Associate and Roopadaksha Basu is a Senior Associate at The Law Point (TLP). (The compilation is not exhaustive, and may be treated as a list showing some of the major decisions)     Next Storylast_img read more

When genders shouldn’t mix

first_imgWhen genders shouldn’t mixOn 1 Oct 2000 in Personnel Today Previous Article Next Article Sexual equality still doesn’t extend to the workplace or the training room, says the founder of Springboard Jenny Daisley Unless women and men can learn how to develop themselves, the future of work and relationships and therefore communities and the world will grind to a halt. My experience is that they aren’t ready to do it in mixed groups. Mixed gender personal development courses are not bringing about the massive shift that is needed for human beings to take on fully the responsibility for their development. Issues of gender get in the way. Women have challenges and problems that men do not recognise, and men often do not recognise that they have challenges and problems that need to be addressed. Of course, that’s a sweeping generalisation, but think about it.Through the Springboard and Navigator programmes, I have proved time and again that very few women and even less men are capable of developing themselves fully in a mixed gender environment. I am not talking here about learning basic work skills. I am talking about people developing themselves as people – whether it is growing up and behaving as adults (at whatever age), overcoming earlier challenging parts of their lives or coping with the pace of change and the variety of activities that a person has to deal with simply to make their lives work today.Women need to accept that the majority of them still have a long way to go to achieve real equality. Not every woman in the workplace will agree with this, but women have been oppressed. Women, despite the Equal Pay Act and Sex Discrimination Act, have neither equal pay nor equal billing in the ranks of management and in jobs traditionally done by men.Some women cannot or do not want to see the reality of the discrimination that they face. It may be too painful or challenging to contemplate doing something about it. Better just to accept the status quo. Easier to leave and set up her own business. Simpler now to have career first and children second and not to be in the running for top jobs.Women, even at the top, still have overt issues about confidence, acceptability of their style and ways of doing things in a male dominated world of work. The good news is that women’s motivation to work on their development is much stronger than men’s motivation. Women volunteer and in many cases pay to go to programmes designed to develop themselves as people.Conversely, it’s no wonder that there are problems with boys in schools not working on their schoolwork. Where are their role models in terms of their fathers working on their development? Most men’s experiences of single gender training are management training courses, which were not specifically designed as a men’s personal development programme.”No need to separate out the women from the men any more, we dealt with sexism last century.” Not true, I say. We are only just beginning to accept the reality of the wonderful diversity in human life and in particular the richness of difference between how men and women think, how they feel and how they behave. Tomorrow’s people are people who can work on their own development, build working relationships and communities without gender getting in the way. Do we need a Big Brother type programme about people in the working environment to prove it or have we seen enough to convince us that more work is needed?I believe that there are masses of women and many men who are closet personal developers, who are just dying to come out and be recognised as the deep, possibly spiritual, sensitive people that they are. To take their place as people whose destiny is to be visionaries for the better world that we can all live in. They would like to live honestly and be themselves with their faults and development needs as well as their shining strengths and positive qualities. A few organisations are leading the way. Come out of the closet now and push yours to go further. Jenny Daisley and Liz Willis run the Springboard Consultancy, Holwell East Down, Barnstaple, Devon EX32 4NZ, 01271 850828, e-mail: [email protected] or visit their web site at: www.springboardconsultancy.com. They jointly developed the award winning Springboard Women’s Development Programme and this year were awarded European Women of Achievement Awards in the entrepreneur category for promoting pan-European understanding and inspiring others. They run the Navigator personal development programme for men and the Springboard women’s development programme. Comments are closed. Related posts:No related photos.last_img read more

What’s next for activism in pro sports?

first_img Written by Beau Lund FacebookTwitterLinkedInEmailAl Powers/ESPN ImagesBy ERIC MOLLO, ABC News(NEW YORK) – LeBron James and the Los Angeles Lakers made history as they clinched the 2020 NBA Championship in a Finals series victory against the Miami Heat. It was the seventeenth time the Lakers franchise won an NBA title—tied for the most in league history. In the WNBA, the Seattle Storm did the same thing, clinching their fourth championship—also tied for the most in WNBA history.Returning to action after the coronavirus pandemic shut down play, NBA and WNBA players spoke out against social injustices and advocated for change. They wore names of African-Americans killed in police shootings on their gear and jerseys, as well as other phrases such as “Say Her Name” and “Respect Us.” Player protests even led teams to postpone games in the wake of the police shooting of Jacob Blake.Not limited to just basketball, athletes across professional sports took stands: they kneeled during the playing of the National Anthem and spoke out during press conferences. Many even received unprecedented support from league leadership as well.Players expressed a desire to continue their activism and try to affect institutional change. However, in the weeks and months ahead as players settle into their offseason and eventually begin new seasons, how might their activism evolve? Author and ESPN senior writer Howard Bryant spoke with ABC News’ “Perspective” podcast this week. He says the outspokenness of professional athletes marks the beginning of a new era and the end of an old one:“Depending on what generation you are from, you remember when sports didn’t have all the flags and the flyovers and the cops singing the national anthem and the surprise homecomings and the military tributes and all of those different things. From 9/11 to about 2012, you really did have nothing but patriotism on the field. After Trayvon Martin was killed, you saw the Miami Heat wearing their hoodies. Then, you had Ferguson and then, obviously, Kaepernick takes a knee in 2016. So, you’re starting to see this collision. On the one hand, you see the patriotism being sold to fans by the leagues. Now, you’re seeing the protests being demonstrated by the players on the field.”Bryant is the author of several books, including his latest “Full Dissidence: Notes From An Uneven Playing Field,” and recently published an article for ESPN titled, “Police, Protest, Pandemic and the End of the 9/11 Era,” in which he discusses colliding forces in sports today.“We’ll see if the 9/11 era is over. To me, it’s over, but we’ll see when the fans come back what the sports leagues do. Are they willing to simply embrace the polarization? And are they going to say, yes, it’s possible for us now to sell sports to one part of our paying customers. We’re going to sell them with police and then we’re going to have Law Enforcement Appreciation nights, and we’re going to do that while we have Black Lives Matter painted on the basketball court. Can these two images, which are in direct conflict with each other… both coexist?”Now, according to Bryant, athletes are transitioning into a new era that raises new questions for leagues and their players:“The question for me is going to be, how do the leagues respond to this assault that we see right now of people saying, well, the NBA ratings are down because of black activism. What do they do with that?”The weeks and months ahead, Bryant says, could prove to be a critical test of players’ risk tolerance:“I think that the players risking some of their salary when they walked out and risking the anger of the public is important because now they’re actually willing to risk something that belongs to them, which is their money. At the same time, they are in a very good position to risk some of this because they make so much money. Tommie Smith was a busboy. He was a security guard. He lost everything.”Bryant also notes that wherever activism goes in sports will not necessarily be dictated by the athletes: “America is obsessed with celebrity. It’s obsessed with money. It’s obsessed with visibility… it’s the star culture. But it’s really not what’s happened. It’s been completely ahistorical to suggest the players started this because they didn’t. Why were the players out there after Ferguson? Because the people were already on the street. The WNBA has been out there and has done a better job. They’ve shown more leadership than the men have. All of this movement has followed what people are doing. We constantly follow the athletes, so we think they’re the leaders when they are actually following the public.”2020 in professional sports, especially in the NBA and WNBA, has very much been defined by athlete activism. Whatever institutional change comes as a result of their activism could dictate how athletes continue using their voices going forward:“We’ll see if the laws change. We’ll see if the jury’s change. We’ll see if the conviction rates change. If that stuff doesn’t change, then we’re going to be asking ourselves what this was all about.”Listen to the full interview and the rest of this past week’s highlights here.Copyright © 2020, ABC Audio. All rights reserved.center_img October 17, 2020 /Sports News – National What’s next for activism in pro sports?last_img read more

Purplebricks will bag 5.7% of all instructions by 2023, predicts City advisory firm

first_imgCity investment advisory firm Zeus Capital has predicted that Purplebricks will increase its market share from 5% to 5.7% over the next two years and eventually capture 7% of the overall market.This predicted share is based on the company’s slice of property sales instructions, not sales, which the agency never publishes.Zeus Capital says the company was instructed by 53,680 vendors last year, a figure it expects to rise to 69,000 in 2023, which means it will take some 15,320 additional instructions off its traditional rivals over the next two years.Robin Savage (pictured), Zeus Capital’s property industry expert research analyst, also makes some astounding claims on behalf of Purplebricks.This includes that the agency has the largest market share in ‘many property markets’ and that in many areas of the UK it’s share of instructions is running at 10% or more.Savage says the company’s biggest challenge is to make inroads into the more upmarket areas of the UK where Purplebricks is virtually non-existent – vendors of expensive don’t like the agency’s downmarket reputation.But Savage also warns that future growth for Purplebricks, which is due to turn over £100m in two years’ time if Savage’s forecasts come true, will need to ‘adapt its pricing proposition’.This, as other commentators have highlighted, is a polite way of saying the agency will have embrace traditional estate agency fees and lessen its reliance on ‘being cheap’.“Purplebricks is exceptionally well funded for an estate agency with £70m in the bank, no debt and, it is expected 150+ instruction rolling in every day,” says Savage.Read more about Purplebricks’ growing market share. March 18, 2021Nigel Lewis3 commentsAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 18th March 2021 at 10:42 amGaining market share – does not mean it is a going concern, take Uber etc, Purplebricks is a cash guzzler that never makes profit. (Market share) Turnover is vanity – profit is sanity. Better to be a nice little village agent turning over 600k with 280k costs, that is a succesful business, not relying on rounds of external funding.The figures do not lie, annual cut off is 30th of April for Purplebricks accounts, in 2016, they lost 11.9M, 2017 they lost 3.01M, 2018 they lost 30.08M, 2019 they lost 54.9M and in 2020 – up to 30th of April they lost 19.2M.Against revenues (cash in of) 18.6M – 2016, 46.7M in 2017, 87.79M in 2018, 113.8M in 2019 and 111.10 M in 2020.Given this includes about 18M plus of revenue for houses that were listed and did not sell, in the past two years respectively – the figures on that basis would be far worse, try adding 18M to the loss figures quoted earlier. Also, I see they are going back to their ‘no commission slogan’ that really is a great USP. 🙈Log in to ReplyChris Arnold, andsothestorybegan andsothestorybegan 18th March 2021 at 10:24 amPurplebricks will take market share from those ‘bottom-feeders’ simply because of brand awareness. There are vendors that will choose any agency regardless of competence, so long as the business model isn’t entirely broken. But I seriously question whether it will ever make in-roads into the mid/high end sector, where relationships matter more than brand awareness.Purplebricks’ latest attempt to put the focus on their ‘local experts’ might help, but the cynic in me says that the message won’t be anything radically different. Just some more meaningless corporate strap-lines, designed to convince and convert.The market share enjoyed by Purplebricks isn’t a result of their disruption, or their marketing prowess – it’s the result of their competitors’ inability to share a crystal clear vision of Who they are and Why they are different. Creating market share in a commodity market only requires deep pockets – nothing else.Log in to ReplyAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 18th March 2021 at 8:21 amSoon be April, let us see if for the first time ever Purplebricks turns a profit. And moving forward if it changes its fee model, and does not charge per listing regardless of agreeing a sale, that is £18M plus a year disapperaing from its revenue stream, so that £70M in the bank will not last long having to support that cash burn. Good to see they are still relying on the agent who does not charge commission – as their strapline for those lovely expensive TV adverts, again if they flip their model – where does their one USP go …Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Purplebricks will bag 5.7% of all instructions by 2023, predicts City advisory firm previous nextAgencies & PeoplePurplebricks will bag 5.7% of all instructions by 2023, predicts City advisory firmZeus Capital analyst claims agency is the ‘No.1’ in many areas of the UK and is on track to eventually hold 7% of the whole property market.Nigel Lewis18th March 20213 Comments1,116 Viewslast_img read more