£5k to spend? 2 cheap dividend stocks I’d buy in an ISA for May

Royston Wild | Thursday, 30th April, 2020 | More on: HGM NG I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images Our 6 ‘Best Buys Now’ Shares Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’d happily snap up shares in Highland Gold Mining (LSE: HGM) for my ISA before next month. A price-to-earnings (P/E) multiple of below 9 times for 2020 provides compelling value for money. But this isn’t the only reason. At current prices the precious metals digger sports a chunky 4.7% dividend yield as well.An uncertain social, economic, and political landscape following the coronavirus outbreak has fuelled bullion demand in recent months. It’s why, according to the World Gold Council, global gold exchange-traded funds (or ETFs) registered their largest quarterly inflows for four years between January and March. The same fears that drove this safe-haven buying remain in play in May, too. This could drive the gold price, and with it the share prices of the likes of Highland Gold, to the stars.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…The golden touchRecent comments from Cameron Alexander, precious metals research manager at Refinitiv, illustrate why many (including me) are so bullish. He says that, “with heightened uncertainty and expectations of the global economic recession, unprecedented levels of stimulus from central banks around the world and interest rates remaining at historically low levels and in negative territories, we believe that gold will rebound to even higher levels.” He expects gold to average $1,637 an ounce in 2020 and to move towards $1,800 later in the year. It was last dealing around the $1,700 per ounce mark.A booming gold price is not the only reason I think this particular AIM-quoted stock is a great ISA buy, however. A whole host of operational problems can make investment in mining stocks a risky game. But Highland Gold is reporting no such troubles of late. It announced last week that the 63,482 ounces of gold and gold equivalent that it hailed out of the earth in quarter one was in line with forecasts.Another ISA heroI’d also buy National Grid (LSE: NG) stock for my ISA for May. Recent share price weakness leaves it trading on an undemanding prospective P/E ratio of around 15 times. What really grabs my attention, though, is the FTSE 100 firm’s mighty 5.4% dividend yield.My foolish colleague Roland Head recently took the opportunity to cast doubts on the power play’s dividends for this year. I think he might be a bit overly bearish, though. As a recent trading statement illustrated, the company – which operates electricity grids in the UK and the US – is reporting business as usual despite the recent lockdown.Meanwhile, the reduction of central bank interest rates on both sides of the Atlantic makes it more cost effective for National Grid to service its balance sheet and go about its business, reducing the need for a hefty dividend cut. Besides, even if some reduction is in the offing I doubt it will be anywhere near as painful as those of some other Footsie shares in recent weeks.With the macroeconomic outlook likely to remain scary for months (if not years) I reckon National Grid is a top stock to buy in any ISA next month. 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. “This Stock Could Be Like Buying Amazon in 1997” 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. See all posts by Royston Wild Enter Your Email Address Simply click below to discover how you can take advantage of this. £5k to spend? 2 cheap dividend stocks I’d buy in an ISA for May read more

Here’s why I think any dip in the Taylor Wimpey share price offers a great long-term investment opportunity

first_imgHere’s why I think any dip in the Taylor Wimpey share price offers a great long-term investment opportunity Tom Chen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Tom Chen Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Our 6 ‘Best Buys Now’ Shares 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. Tom Chen | Wednesday, 14th October, 2020 | More on: TW The Taylor Wimpey (LSE: TW) share price has been on a downward trend since the beginning of the year, largely due to the Covid-19 pandemic that has hit the stock markets in March.  The giant British house building company suffered a £39.2m loss in the first half of the year as a result of the lockdown, and its shares dropped to the lowest levels since 2013.But shares of Taylor Wimpey gained over 20% since late September, and despite the ‘coronavirus mini-crisis’ that is currently threatening the markets, its shares could be trading at a discount right now. Here are the reasons why.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…Generation Buy? At the time of the lockdown, many analysts have predicted that the number of house sales in the UK would drop significantly and prices may fall by around 5-10%. A falling housing market is obviously a bad sign and a big concern for policymakers.The British government, therefore, has taken a number of measures to help large businesses like Taylor Wimpey to overcome the challenges ahead. Prime Minister Boris Johnson announced his plans to turn Generation Rent into Generation Buy, which will allow more mortgages to be offered with a 5% deposit. Since Johnson’s announcement, Taylor Wimpey shares spiked around 3.4%.Additionally, the government’s stamp duty holiday, which will be deployed from July 2020 to March 2021, proved to come at the right time for the UK housing market and Taylor Wimpey.Fundamentals are still strongTaylor Wimpey has suffered amid the housing market mini-crisis, reporting an operating net loss of over £16 million in Q2. But at the same time, Taylor Wimpey continues to maintain a healthy balance sheet, and all forward indicators remain relatively strong.The company has £104.5m of debt, a small increase from £89.3m in 2019; however, when taking into consideration the net cash of £497.3m, Taylor Wimpey clearly has a safety net to guard against future crises. Though there is still uncertainty in the short term in the form of another round of Covid-19 lockdown and the Brexit implications, the company’s outlook seems pretty good with a 206% increase in appointments booked and low cancellation numbers throughout 2020.The takeaway for investorsTaylor Wimpey’s share price has dropped around 27% since the beginning of the year and slightly below 50% from its yearly high in February. The company faces a number of risks and uncertainties, particularly if another lockdown may happen in the UK.Nonetheless, I think Taylor Wimpey shares are currently trading at a discount and are likely to return to pre-Covid-19 levels. Taylor Wimpey is not only one of the largest house building companies in the UK with a market capitalisation of £4.36bn, but it is also one of the companies considered as ‘too big to fail’ (and not too big to save). All in all, as house prices are rising in the UK and the market seems to recover, Taylor Wimpey clearly appears to be a good long-term investment opportunity right now.  I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this.last_img read more

3 ways China has impacted my investment outlook

first_imgSimply click below to discover how you can take advantage of this. Manika Premsingh | Saturday, 22nd May, 2021 It was released in November 2020, and make no mistake:It’s happening.The UK Government’s 10-point plan for a new “Green Industrial Revolution.”PriceWaterhouse Coopers believes this trend will cost £400billion……That’s just here in Britain over the next 10 years.Worldwide, the Green Industrial Revolution could be worth TRILLIONS.It’s why I’m urging all investors to read this special presentation carefully, and learn how you can uncover the 5 companies that we believe are poised to profit from this gargantuan trend ahead! 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. 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 Access this special “Green Industrial Revolution” presentation now Image source: Getty Images. center_img Manika Premsingh has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended NIO Inc. and Tesla. 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. 3 ways China has impacted my investment outlook As one of the biggest country economies, China has a big impact on global demand and stock markets. Just look at the commodity price rally we have seen in the past year. It was all down to Chinese government spending at a time when the global economy had slumped. FTSE 100 miners have been on a roll, as a result. 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…Chinese authorities drive cryptocurrency meltdownIf anyone had any doubts about the influence China wields, they would have become clear this week. Cryptocurrencies had a meltdown after Chinese authorities barred financial services companies from offering cryptocurrency-related services. Bitcoin was down by 40% from the highs of a month ago on the news. By Wednesday, shares of bitcoin miner Argo Blockchain were down by over 20% from last week alone. To be fair, if policymakers in any big economy had said the same thing, it would probably have had the same effect on cryptocurrencies. But this time, it was China. I am wary of crypto stocks precisely because of this speculative fluctuation. It would form no more than 1%–2% of my portfolio. But if I do decide to buy a share like Argo Blockchain, I’d want to do so on a dip like this. Tesla’s China troublesElectric vehicle (EV) stocks like Tesla can also face the heat from China. China is a big automobile market and by the end of the decade around 50% of its auto sales are expected to come from EVs according to research by consulting firm Deloitte. It already accounts for a fourth of Tesla’s sales already, and going by these projections could continue to be significant for the EV manufacturer. But China has security concerns related to Tesla’s cameras. Despite assurances by the EV biggie, fresh reports about this keep showing up. While it is possible that the company can recover from any setbacks in the Chinese market, considering that three-fourths of its sales still come from elsewhere, it could have a bearing on the future growth trajectory. However, that is not my worry for today, because I have valuation concerns about the Tesla stock, as I have argued in the past. Tesla’s loss maybe NIO’s gainThe more interesting aspect of this development for me is what it means for an EV share like NIO, which is a Chinese company. Among all EV shares listed at US exchanges, it is the only company that comes anywhere in comparison to Tesla. All the others are either too new or represent related products and services. They are not direct peers to Tesla. NIO’s share price may have come off the highs seen earlier this year, but compared to a year ago, it is still up by 10 times. I am watching this stock especially carefully now, as it may just capture market share from Tesla as the latter faces challenges in China.  Enter Your Email Address Our 5 Top Shares for the New “Green Industrial Revolution” See all posts by Manika Premsinghlast_img read more

Fig Tree Pocket House 2 / Shane Plazibat Architects

first_imgArchDaily Area:  2000 m² Photographs Houses ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/244638/fig-tree-pocket-house-2-shane-plazibat-architects Clipboard CopyHouses•Brisbane, Australia Fig Tree Pocket House 2 / Shane Plazibat ArchitectsSave this projectSaveFig Tree Pocket House 2 / Shane Plazibat Architects Save this picture!© Christopher Frederick Jones+ 20 Share “COPY” “COPY”center_img Australia Photographs:  Christopher Frederick JonesText description provided by the architects. The brief for the Fig Tree Pocket house requested a modern 2 storey family home, to be built on a sloping north facing bushland site, with easement lane access. Save this picture!© Christopher Frederick JonesThe house is organised into 2 zones in section, carport, arrival and sleeping upstairs and living, pool and courtyard downstairs. An internal 2 storey linear bamboo garden traversing the length of the house along the east-west axis creates a reference point within the plan. The garden also allows for the creation of 1 room deep planning on both levels to enhance cross ventilation and access to daylight. Save this picture!© Christopher Frederick JonesOn the upper level, arrival is via a semi enclosed entry garden which is adjacent to the 3 car carport. All 3 bedrooms on the upper level face due north. On axis with the entry is the main circulation stair with a 2 storey void which seperates the bedrooms from the childrens play room. Save this picture!© Christopher Frederick JonesOn the lower level a separate single storey kitchen pavilion with adjacent outdoor terrace extends out to form the western edge of the courtyard. Timber doors slide back into cavities to help blur the edge between kitchen and garden. A pantry and study nook are located directly adjacent to the kitchen for ease of access and supervision. The pool is organized to the eastern edge of the plan which contributes to the spatial enclosure of the court. The living/dining rooms, separate from the kitchen, are located as an extension of the courtyard in plan, with the space continuing through to the internal bamboo garden. Timber sliding doors either side of the living/dining room slide away to allow for heightened engagement with the garden/court to occur. A compact family room is located behind the living room. The courtyard on the lower level creates a place and space for family events to occur with direct viewing and interaction available from the living/dining room, kitchen and pool. The raised terrace addressing the court allows for a continuous seat for occupants and visitors to observe the landscape setting. Save this picture!© Christopher Frederick JonesThe house is anchored into the slope of the land in section.  This practice of using earth against building walls for external thermal mass helps reduce heat loss in winter and maintains a steady cool indoor air temperature to the lower level during summer. This design feature reduces the need for extra mechanical cooling or heating. The cutting in of the house into the slope also contributes to the landscape nature of the dwelling. Save this picture!© Christopher Frederick JonesThe overhang of the upper level bedroom “box” is positioned to allow for the black slate tiles on the living room slab to heat up during winter with the diurnal lag releasing the embodied heat in the slab during the evening. In summer the slab is shaded. The internal 2 storey garden also facilitates enhanced cross ventilation via northerly breezes through the living room. In effect it acts like a chimney, drawing air through the room.Save this picture!© Christopher Frederick JonesProject gallerySee allShow lessCholula Student Housing / BNKR ArquitecturaArticlesRe-Thinking Shanghai Proposal / Vinícius Philot, Fabiano Ravaglia and Gibran DuarteArticles Share Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/244638/fig-tree-pocket-house-2-shane-plazibat-architects Clipboard Fig Tree Pocket House 2 / Shane Plazibat Architects Architects: Shane Plazibat Architects Area Area of this architecture project CopyAbout this officeShane Plazibat ArchitectsOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesBrisbaneHousesAustraliaPublished on June 18, 2012Cite: “Fig Tree Pocket House 2 / Shane Plazibat Architects” 18 Jun 2012. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogShowershansgroheShower MixersVinyl Walls3MVinyl Finish – DI-NOC™ Abrasion ResistantPartitionsSkyfoldIntegrating Operable Walls in a SpaceLightsVibiaLamps – NorthCultural / PatrimonialIsland Exterior FabricatorsSeptember 11th Memorial Museum Envelope SystemSkylightsVELUX CommercialAtrium Longlight, DZNE GermanyHanging LampsLouis PoulsenLamp – PH ArtichokeTiles / Mosaic / GresiteHisbalitMosaic Tiles – TexturasAcousticMetawellAluminum Panels – Acoustic SailsMineral / Organic PaintsKEIMTiO2-free Mineral Paint – Soldalit®-ArteWall / Ceiling LightsA-LightWall Grazer Concealed LightsDoorsBuster and PunchDoor Hardware – Pull BarMore 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

Sicilian mafia planned to murder investigative reporter

first_img Help by sharing this information ItalyEurope – Central Asia Protecting journalists Organized crimeImpunityViolenceFreedom of expression November 19, 2020 Find out more On eve of the G20 Riyadh summit, RSF calls for public support to secure the release of jailed journalists in Saudi Arabia April 30, 2018 – Updated on May 1, 2018 Sicilian mafia planned to murder investigative reporter RSF_en December 2, 2020 Find out more Paolo Borrometi / DR RSF and 60 other organisations call for an EU anti-SLAPP directive to go further Ten RSF recommendations for the European Union Reporters Without Borders (RSF) hails the action of the Italian police in thwarting a mafia plot to murder the journalist Paolo Borrometi “to put a stop his reporting.” A specialist in covering the mafia, Borrometi has been getting police protection for years because he is target of frequent threats.center_img Follow the news on Italy News Receive email alerts ItalyEurope – Central Asia Protecting journalists Organized crimeImpunityViolenceFreedom of expression Organisation News November 23, 2020 Find out more News From wiretaps, the police learned that a mafia clan in Sicily was making detailed plans to use explosives to kill both Borrometi and his police bodyguard when he visited Sicily in May for a number of public appearances. The plans included renting a house and recruiting accomplices.“We have to get this one,” the head of this clan told his son in a phone call recorded by the police. “Do you know why a man sometimes has to be killed? In order to calm the other ones down a bit.” “We would like to express our solidarity with Paolo Borrometi at a time when he has again been exposed to a serious threat simply because he has been doing his job as a reporter,” said Pauline Adès-Mével, the head of RSF’s EU and Balkans desk.“We hail the work of the police who frustrated this planned bombing and thereby prevented a third journalist from being murdered in the European Union in the space of six months. But it is important to remember that Italy is one of the most dangerous European countries for the media,with ten journalists currently receiving close, round-the-clock protection from the police.”Borrometi left his native Sicily for safety reasons in 2015 after a long series of attacks and intimidation attempts. He now lives in Rome, where he is permanently escorted by several police officers. After two murders of EU journalists in the past six months – in Malta and Slovakia – a third one has been narrowly averted thanks to police surveillance.Italy is ranked 46th out of 180 countries in RSF’s 2018 World Press Freedom Index. Newslast_img read more

Wells Fargo CEO John Stumpf Announces Retirement

first_img Previous: The Impact of Hurricane Matthew on Credit Risk Transfers Next: Following Suit: Prevention Activities Decline About Author: Brian Honea Wells Fargo CEO John Stumpf Announces Retirement October 12, 2016 2,196 Views The Best Markets For Residential Property Investors 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. “I know no better individual to lead this company forward than Tim Sloan.” – John StumpfWells Fargo Chairman and CEO John Stumpf has announced his retirement, effective immediately, over the recent controversy surrounding his bank.Timothy J. Sloan, who has been President and Chief Operating Officer with Wells Fargo since November 2015, has been named by the bank’s Board of Directors as the new CEO effective immediately. He will retain his title of President. In addition to being named the new CEO, Sloan was also elected to the Board.Stephen Sanger, the Board’s Lead Director, has been chosen as the Board’s non-executive Chairman. Independent Director Elizabeth Duke has been named by the Board to serve as Vice Chair.“John Stumpf has dedicated his professional life to banking, successfully leading Wells Fargo through the financial crisis and the largest merger in banking history, and helping to create one of the strongest and most well-known financial services companies in the world. However, he believes new leadership at this time is appropriate to guide Wells Fargo through its current challenges and take the Company forward,” Sanger said. “The Board of Directors has great confidence in Tim Sloan.  He is a proven leader who knows Wells Fargo’s operations deeply, holds the respect of its stakeholders, and is ready to lead the Company into the future.”Stumpf joined Wells Fargo in 1982 and became the bank’s CEO in 2007. He was named Chairman in January 2010. In September, the bank was penalized a combined $185 million by regulators, including the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, over the opening of approximately 1.5 million unauthorized deposit accounts and 565,000 unauthorized credit card accounts. In the last five years, 5,300 Wells Fargo employees were fired. Stumpf has appeared before Congress twice in the last month to answer questions about the controversy.“I am grateful for the opportunity to have led Wells Fargo,” Stumpf said. “I am also very optimistic about its future, because of our talented and caring team members and the goodwill the stagecoach continues to enjoy with tens of millions of customers. While I have been deeply committed and focused on managing the Company through this period, I have decided it is best for the Company that I step aside. I know no better individual to lead this company forward than Tim Sloan.”NBC news quoted a Wells Fargo spokesperson as saying the Stumpf would not receive any severance pay upon his departure. “There are some retirement benefits that are detailed in our proxy statement. They are not accessible for the next 6 months. That is a normal lag time.”“My immediate and highest priority is to restore trust in Wells Fargo.” – Tim SloanThe New LeadershipSloan has been with Wells Fargo for 29 years and has served in various leadership roles across the bank’s wholesale and commercial banking operations. His previous positions include head of Commercial Banking, Real Estate, and Specialized Financial Services. He assumed leadership over the bank’s four main business groups (Community Banking, Consumer Lending, Wealth and Business Management, and Wholesale Banking) upon becoming President and COO in November 2015.“It’s a great privilege to have the opportunity to lead one of America’s most storied companies at a critical juncture in its history,” Sloan said. “My immediate and highest priority is to restore trust in Wells Fargo. It’s a tremendous responsibility, one which I look forward to taking on, because of the incredible caliber of our people, and the opportunity we have to impact the lives of our millions of customers around the world. We will work tirelessly to build a stronger and better Wells Fargo for generations to come.”“I am confident that Tim will take the reins and restore trust in an organization that has been instrumental to the American housing market,” said Ed Delgado, Five Star Institute President and CEO and a past executive with Wells Fargo for nearly a decade. “I am certain that Wells Fargo will enact the policies necessary to regain the support of their consumer base.”Sanger joined the Wells Fargo Board in 2003 and has served as its Lead Director since 2012. He also serves as Chair of the Governance and Nominating Committee and is a member of the Human Resources Committee and Risk Committee. He previously served as CEO of General Mills from 1995 to 2007 and as Chairman from 1995 to 2008.Duke was named to the Wells Fargo Board in 2015. She was a member of the Board of Governors of the Federal Reserve from 2008 to 2013, serving as Chair of the Fed’s Committee on Consumer and Community Affairs and as a member of the Fed’s Committee on Bank Supervision, the Committee on Bank Affairs, and the Committee on Board Affairs. Before joining the Fed, Duke held senior management positions with Wachovia and SunTrust banks.Wells Fargo will release its third quarter earnings statement on Friday, October 14. Wells Fargo reported a slight decline in net income year-over-year in Q2 (from $5.7 billion down to $5.6 billion, of $1.01 per share) but did report an uptick in net income from Q1 ($5.5 billion) and a 4 percent increase in revenue up to $22.2 billion. Though overall mortgage banking revenue was down, residential mortgage loan originations increased by 43 percent over-the-quarter, up to $63 billion. Residential mortgage applications shot up over-the-quarter from $77 billion up to $95 billion in Q2, and total loans were up by 1 percent over-the-quarter to $957.2 billion, partially driven by the growth in single-family first mortgage loans.ReactionStumpf’s abrupt retirement was met with some surprise. Carl Tobias, a professor at University of Richmond School of Law, noted that other CEOs particularly those in the financial industry, have weathered crises of a similar scale. According to the Washington Post, Tobias said: “We rarely see people stepping down. It is quite extraordinary. But the executive likely felt he didn’t have a choice. His retirement spares Wells Fargo’s board a painful decision.”Stumpf’s sudden departure from the bank also left some questions. U.S. Rep. Keith Ellison (D-Minnesota) tweeted on Wednesday, “Ok, but does this ensure real reform?” U.S. Sen. Sherrod Brown (D-Ohio) released a statement saying “There must be accountability to fix the culture within Wells Fargo that encouraged cheating and left senior executives either unwilling or unable to stop it for far too long. Unfortunately, Mr. Stumpf’s retirement does nothing to answer the many questions that remain. We are still waiting for answers as to how Wells Fargo plans to right its wrongs against customers and the low-paid employees who weren’t given the benefit of a retirement package when they were fired for refusing to cheat.”U.S. Sen. Elizabeth Warren (D-Massachusetts), a prominent critic of Wall Street, tweeted, “As I said: @WellsFargo CEO Stumpf should resign, return every nickel he made during the scam, & face DOJ/SEC investigation. He’s 1 for 3.” Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Wells Fargo Home / Daily Dose / Wells Fargo CEO John Stumpf Announces Retirement in Daily Dose, Featured Share Save Wells Fargo 2016-10-12 Kendall Baer Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Two National Guard members removed from inauguration security mission

first_imgMivPiv/iStockBy LUIS MARTINEZ, ABC News(WASHINGTON) — Two Army National Guard members have been removed from the inauguration security mission after vetting found they had ties to far-right fringe groups, a U.S. official told ABC News Tuesday.The two Guard members are among the 25,000 National Guard troops who have been sent to Washington to augment security at the inauguration in the wake of the violent Jan. 6 assault on the U.S. Capitol.The two Guardsmen were removed from the mission after vetting conducted by the FBI determined they had ties to far-right extremist groups, the U.S. official said.No details were immediately available about which State Guard units the two belonged to or about the nature of of the alleged ties.“Due to operational security, we do not discuss the process nor the outcome of the vetting process for military members supporting the inauguration,” said a National Guard statement that referred additional questions to the Secret Service.Every single one of the 25,000 Guardsmen now in D.C. has been vetted by the FBI that carries out background checks as part of the credentialing process, officials said.Copyright © 2021, ABC Audio. All rights reserved.last_img read more

ADNOC, Total collaborate on use of unmanned drones and vehicles

first_img Image: Headquarters of Total Cambodia in Phnom Penh (Cambodia). Photo: Courtesy of Klodo6975/Wikipedia. The Abu Dhabi National Oil Company (ADNOC) and Total announce their collaboration to deploy the world’s first automated seismic acquisition system in Abu Dhabi. This pilot project, performed with Total’s Multiphysics Exploration Technology Integrated System (METIS®), uses autonomous drones and a ground vehicle to drop off and retrieve seismic sensors without human intervention, therefore at a lower cost. It will be deployed throughout the emirate of Abu Dhabi, to contribute to onshore exploration and appraisal campaigns — a first in the region.Following successful trials of METIS conducted by Total end 2017 in Papua New Guinea, this new pilot project will be undertaken by ADNOC Onshore to test the versatility and upscaling ability of the system in a 36 sq. km desert environment. The seismic sensors will be dropped by six autonomous aerial drones and later be retrieved by an unmanned ground vehicle — whereas they are conventionally manually deployed and recovered by ground-based teams.“Total is focusing on innovation in seismic acquisition to minimize the surface impact of petroleum activities and improve the quality of sub-surface images while increasing our overall operational efficiency. We are proud to have this opportunity to collaborate once again with ADNOC to share advanced technological know-how and expertise,” stated Dominique Janodet, Vice President R&D of Total Exploration & Production. “In addition, METIS is a major technology to reduce the environmental footprint of our onshore exploration and appraisal campaigns, which is completely in line with our environmental commitments and our ambition to be the responsible energy major.”“METIS is a pioneering automated technology with the potential to conduct seismic surveys in harsh environments, such as the desert, which are tough on people and equipment. This collaboration demonstrates our commitment to using ground-breaking technologies, throughout our operations, to unlock the opportunities of the 4th industrial age” said Alan Nelson, Chief Technology Officer at ADNOC.“The ultimate purpose of this collaboration is to be able to jointly develop a safer, faster, more efficient and cost-effective acquisition system to acquire 3D and 4D high resolution seismic images of the subsurface, which can be processed in real-time to build a clearer understanding of the subsurface, lowering geoscience and drilling uncertainties and optimizing field production” added Khadija Al Daghar, Vice President Research and Technology Development at ADNOC. Source: Company Press Release This pilot project, performed with Total’s Multiphysics Exploration Technology Integrated System (METIS), to drop off and retrieve seismic sensors without human interventionlast_img read more

Shock claim: 75% of HMO properties in London operate outside the law

first_imgHome » News » Shock claim: 75% of HMO properties in London operate outside the law previous nextRegulation & LawShock claim: 75% of HMO properties in London operate outside the lawOver 130,000 unlicensed properties in London and, says Isobel Thomson CEO, Safeagent says the system is not fit for purpose.Sheila Manchester14th October 201901,020 Views Licensing schemes are failing London’s tenants as councils are ‘drowning in paperwork’. New research for safeagent conducted by London Property Licensing found 130,000 unlicensed properties in London which should be licensed under either selective, additional or mandatory HMO licensing schemes.The research found there are over 310,000 private rented properties in London that require licensing under mandatory HMO, additional and selective licensing schemes implemented under the Housing Act 2004. Whilst the mandatory HMO licensing applies across England, additional and selective licensing schemes are introduced on a Borough by Borough basis.Non-compliance rifeHowever, non-compliance in the capital is rife. Licence applications cover just 25% of 138,500 private rented properties that require licensing – without a licence application submitted, these properties are being operated illegally – landlords – and their letting or managing agent, can face prosecution and fines up to £30,000.Since October 2018, the mandatory HMO licensing scheme has applied to most HMOs shared by five or more people. In some boroughs, additional licensing schemes have extended licensing to properties rented to just three or four unrelated people.Selective licensing schemes are different and extend licensing to all private rented properties including single family lets within a certain geographical area. Such applications have been submitted for 85% of the 173,000 PRS homes in London- a non-compliance rate of 15%.Added to the confusion, many London Boroughs are struggling to process over 24,000 licence applications.Isobel Thomson (left), safeagent CEO, said,“The results of the survey are concerning. Consumers are not being well served and indeed many are being placed at risk through this mish mash of licensing schemes.“Right now, the system isn’t fit for purpose and Councils are drowning in paperwork. Landlords needing property licences are either deliberately evading the schemes or are in the dark concerning their legal responsibilities and tenants are being placed at risk.“If the compliance rate for HMO licensing schemes is only 25%, how can these schemes be effective? Ultimately this is about proper use of public money and consumer protection.“Where are the assessment procedures for Councils who have schemes in place? Isn’t it time we went back to the drawing board to come up with a simple, streamlined system that works for all?” London Property Licensing property licensing Isobel Thomson SAFEagent October 14, 2019Nigel LewisWhat’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 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Yonder Mountain Covers Grateful Dead, Buffalo Springfield & More In Free Show [Recap]

first_imgLoad remaining images On the beautiful warm summer night of June 30th, Yonder Mountain String Band performed a free show as a part of the 9thStreet Summerfest Outdoor Concert Series. Through local and big name sponsors of Columbus, MO, the eight-part concert series event is made free to the public of all ages. The Blue Note, a local bar, hosted the event in between Broadway and Walnut on 9th, which provided an intimate setting to the young, old, and everyone else in between.The small host city was pleasantly brought into the evening by the opening string band called Old Salt Union. The feeling among the attendees and the bands was that the event will be rained out due to incoming bad weather. Yonder’s most comical moment during the show was when bassist, Ben Kaufmann, mentioned how Adam Aijala, guitarist, had bought a fancy “boutique” app on his phone for weather predictions, and said he should ask for his money back because clearly Columbus didn’t get hit by bad weather. As the sun set past eight and the clouds turned to cotton candy pink, the audience got lucky and the show went on.The night included a plethora of covers. “Shakedown Street” in the encore, “Life in the Fast Lane,” and “For What It’s Worth” were definitely crowd favorites, since everyone was able to sing along. Rain Still Falls, an original song, brought some irony to the nightTwo duets, instrumental and vocal, mesmerized the crowd. Jesse Farrar from Old Salt Union joined Ben Kaufmann on stage for first a upright bass trade off in solos which ended in both musicians playing on the same bass at the same time. The second vocal duet was also with Jesse Farrar for “Hadn’t Been for Love” by the Steel Drivers with Allie Kral. The two song encore pleasantly concluded the evening and left a happily satisfied crowd. Check out a full gallery of images below from Tara Gracer Design & Photography.last_img read more