Eldorado secures further regulatory approval for Caesars acquisition

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Eldorado secures further regulatory approval for Caesars acquisition Casino & games Email Address Subscribe to the iGaming newsletter US casino operator Eldorado Resorts has secured approval from the Mississippi Gaming Commission to proceed with its pending acquisition of Caesars Entertainment.center_img Topics: Casino & games Legal & compliance Regions: US Mississippi US casino operator Eldorado Resorts has secured approval from the Mississippi Gaming Commission to proceed with its pending acquisition of Caesars Entertainment.Eldorado in June 2019 agreed to acquire Caesars in a deal worth $17.3bn (£13.4bn/€16.0bn), though the arrangement is subject to various approvals, including clearance from certain state regulatory bodies.Approval by the Mississippi Gaming Commission was one of the conditions that Eldorado and Caesars had to satisfy on order to push ahead with the deal.Eldorado said it expects to complete the acquisition during the first half of 2020, though it still remains subject to all other required regulatory approvals, as well various other closing conditions.Read the full story on iGB North America. 24th February 2020 | By contenteditorlast_img read more

Compagnie Des Villages De Vacances De L’Isle De France Limitee (COVIFRA) (COVI.mu) Q12018 Interim Report

first_imgCompagnie Des Villages De Vacances De L’Isle De France Limitee (COVIFRA) (COVI.mu) listed on the Stock Exchange of Mauritius under the Financial sector has released it’s 2018 interim results for the first quarter.For more information about Compagnie Des Villages De Vacances De L’Isle De France Limitee (COVIFRA) (COVI.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Compagnie Des Villages De Vacances De L’Isle De France Limitee (COVIFRA) (COVI.mu) company page on AfricanFinancials.Document: Compagnie Des Villages De Vacances De L’Isle De France Limitee (COVIFRA) (COVI.mu)  2018 interim results for the first quarter.Company ProfileCompagnie Des Villages De Vacances De L’Isle De France Limitee rents out investment properties, plant and equipment to Holiday Villages Management Services Mauritius Limited, which operates the Club Med Hotel at La Pointe au Cannoniers in Mauritius. The company is a subsidiary of MCB Group Limited. Compagnie Des Villages De Vacances De L’Isle De France Limitee is listed on the Stock Exchange of Mauritius.last_img read more

Forget buy-to-let! I’d look at these 2 FTSE 100 dividend stocks instead

first_img Image source: Getty Images. Forget buy-to-let! I’d look at these 2 FTSE 100 dividend stocks instead See all posts by T Sligo Buy-to-let sounds like an interesting investment. There is a certain draw to it, with the investor being able to get a regular income from the property each month. Once the purchase is made, the investor can put their feet up and watch the money roll in, right?Not exactly. There are financial implications in owning a buy-to-let property that could erode some of your investment.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…Take the mortgage fees and interest rates from the bank. Then add on the estate agents listing fees and management fees, and any tax implications. And that is before the boiler breaks, and you have to replace it, or the tenant decides to leave without paying their rent.I think the better route for personal investors is to own a portion of UK businesses by investing through a Stocks and Shares ISA. Investing in this way has no tax implications, up to a limit currently set at £20,000 a year.Investing in shares that offer a lumpy dividend could give you a regular income too, without the hassle that comes from owning a buy-to-let property.I have found two companies that have a long history and offer a generous dividend. Let’s take a look.Royal Dutch ShellThe Royal Dutch Shell (LSE: RDSA) share price has been damaged by the falling value of oil and gas and the current wider market sell-off. its Q4 underlying profits were 48% lower than the previous year, at $2.9bnOver the past year, all this news means that the Shell stock price has dropped by 26%.Despite the falling profits — and the fact that free-cash-flow was 67.7% lower than last year, at $5.4bn — cash generation is substantial.Shell also has a $25bn share buyback programme under way. I often think that this indicates a company believes its share price is undervalued.At 11, Shell’s price-to-earnings ratio certainly leads us to this conclusion, although concerns exist over Shell’s expansion into the renewable energy sector and the future of oil and gas.Investors should take some comfort in Shell’s generous prospective dividend, which currently sits around 8%. This has famously not been cut since the Second World War.I would consider buying Shell shares as the cornerstone of a dividend portfolio.HSBCThe HSBC (LSE: HSBA) share price has also dived lately. Some investors’ concerns have stemmed from geopolitical issues, such as the US-China trade war, Brexit and now coronavirus.The bank is starting a major restructuring programme and is still without a permanent chief executive.It is worth noting that interest rates play a large part in a bank’s profitability. Therefore the Fed’s recent rate cut may make potential investors shy away from HSBC.HSBC’s share price has plummeted by 17% in the past year, and the stock now has a prospective dividend yield of 7%.Noel Quinn, the bank’s interim CEO, has stated the dividend will be maintained during the restructuring programme.As such, I think HSBC shares could be a great buying opportunity for income investors. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! T Sligo | Friday, 6th March, 2020 | More on: HSBA RDSA RDSB Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares 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. 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.last_img read more

Private House In Barcelos / Rui Grazina

first_imgArchDaily Projects 2011 Houses CopyHouses•Cambeses, Portugal Private House In Barcelos / Rui GrazinaSave this projectSavePrivate House In Barcelos / Rui Grazina Architects: Rui Grazina Area Area of this architecture project “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/225677/private-house-in-barcelos-rui-grazina-2 Clipboard Private House In Barcelos / Rui Grazina Area:  300 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/225677/private-house-in-barcelos-rui-grazina-2 Clipboard Year:  Portugal “COPY” Photographs:  Nelson GarridoText description provided by the architects. Private House in Barcelos, Portugal Save this picture!© Nelson GarridoProject by Rui Grazina for a private house in Cambeses, Barcelos, Portugal. The plot has an area of 3300 sqm, part of which located in a green protection area. The house has 300 sqm of total area, and a gross building area of 290 sqm. The house footprint is designed based on the articulation between the existing alignments and the new proposed access road, which enables both car and foot access.Save this picture!© Nelson GarridoGiven the context, our objective was to turn the living spaces to east, considering this is where the most interesting visual points are, and to make rooms face south due to the quality of sun exposure, privacy and relationship with the existing topography. On this side of the building the existing ground level is higher, enabling a connection and continuity between interior and exterior. Save this picture!© Nelson GarridoOn the overall, we can say that the social areas are at ground level, and the private areas on the upper level. Construction started November 2008, and was finished in 2011. The project was executed by Braga based company Engiaço that specializes on light steel frame system construction. Due to the steep topography of the site, the house has two storeys on the eastern side, and just one on the western side. Save this picture!© Nelson GarridoThis means that on the western side there is a relevant part of the structure buried. This is achieved structurally by the use of a load bearing concrete frame, enabling the creation of the underground parking space. The access entry slot is also framed by two concrete walls, that enable the transition between the entry level on the site and the actual first floor level. Save this picture!On top of this concrete structure sits a light steel frame system, completed with an exterior insulation finishing system. The interiors are mainly built with the use of dry-lining systems, and solid woods and/or lacquered woods, for flooring and fitted furniture.Project gallerySee allShow lessLiantang/Heung Yuen Wai Boundary Control Point Passager / WAU StudioArticlesYenikapı Transfer Point and Archaeo-park Area / MecanooArticles Share Save this picture!© Nelson Garrido+ 10 Share Photographs CopyAbout this officeRui GrazinaOfficeFollowProductsGlassConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesCambesesPortugalPublished on April 12, 2012Cite: “Private House In Barcelos / Rui Grazina” 12 Apr 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

Stop auto layoffs: A job is a right!

first_imgFiat Chrysler Automobiles announced April 6 it would indefinitely lay off 1,420 workers at two Detroit-area plants. The indefinite layoffs will begin July 5 when the Sterling Heights Assembly Plant eliminates one of two shifts.The other 1,900 workers in the plant will be employed sporadically. Workers who build FCA’s Chrysler 200 car have spent most of 2016 on “temporary” layoffs with a return-to-work date. However, the call-back dates are postponed or workers return for a week or two and then are laid off again.The layoffs will also affect Sterling Stamping plant, the assembly plant’s main supplier of doors, roofs, hoods and other stampings.This is the auto industry’s first mass indefinite layoff since the 2009 General Motors and Chrysler bankruptcies. Chrysler streamlined its operations then by closing six plants and several warehouses. The company exploited workers’ fears of an uncertain future, scaring thousands of them into quitting or taking buyouts and retiring. When sales rebounded, Chrysler replaced these high-seniority workers with new hires who received substantially lower pay and benefits under the two-tier pay structure.The two-tier payment system was introduced in the United Auto Workers 2007-11 contracts with the Detroit Three automakers and was then expanded as a condition of the bailout during the bankruptcy. Subsequent contracts have raised lower-tier workers’ wages, with the latest contract allowing many of them to eventually make top pay. Yet with an eight-year wait to get the maximum wage, pay gaps still exist.Based on seniority, lower-tier workers are the first ones laid off and the last to be recalled. Michigan workers can only collect 20 weeks of state unemployment benefits.In the 1950s the UAW negotiated Supplemental Unemployment Benefits. When combined with state unemployment checks, SUB allows workers to take home more than 70 percent of their weekly pay and makes up the difference when unemployment benefits stop.However, second-tier workers with one or more years of service can only collect 13 to 26 weeks of SUB, while “temporary” workers and those employed for under a year do not get any SUB. “Traditional” workers with less than 10 years of service are also limited to 26 weeks.Time to raise hellThe UAW should be raising hell about these layoffs and their resulting hardships. Instead, Norwood Jewell, UAW vice president assigned to FCA, stated, “While today’s announcement of a shift reduction at Sterling Heights Assembly is unfortunate, it is not unexpected. FCA is not the only company experiencing a slow market for small cars.” (uaw.org/issues/, April 6)This is pure hogwash. The 2015 Chrysler 200 is not a small car but a midsize sedan. Sales in this segment industry-wide are only down 2.2 percent from a year ago. Auto journalists call the vehicle lackluster, but the 200 was hyped two years ago by Chrysler officials when it debuted at the Detroit auto show.FCA CEO Sergio Marchionne has allowed its “flagship” 200 cars’ sales to plummet as part of its plan to eliminate car production in UAW plants, only building in the U.S. large trucks and sport utility vehicles with the highest profit margin.Marchionne claims that a “permanent change” has occurred in automotive buying patterns, but facts do not support his stance, as many variables influence this market. The CEO is gambling with workers’ livelihoodsEchoing the company line, Jewell stated, “On a bright note, there is a strong demand for larger-sized vehicles. The company has been planning to increase its capacity to build more trucks and SUVs. … [T]his move will be a positive one for our members and the company.”This corporate strategy will not help workers when they run out of SUB and unemployment benefits, especially those who are the lower paid. Many of them are African-American youth from Detroit, whose jobless rate is astronomical.FCA plans to increase the Sterling Heights plant’s workforce when it begins building the Ram pickup, but that is 18 months from now. Now the Ram is built at Detroit’s Warren Truck Assembly Plant. The retooling will cost the Detroit area 750 jobs, says FCA.This over-reliance on the large-vehicle market is the very strategy that, compounded by a crisis of capitalist overproduction, nearly ruined Chrysler in the last auto recession. Inflated gasoline prices and a construction slump reduced sales in this segment.Moreover, large vehicles have the highest carbon footprint. Marchionne’s strategy, which the UAW leadership shamelessly endorses, displays a reckless disregard for the planet.Fiat — now merged with Chrysler — was the beneficiary of the 2010 state-orchestrated bankruptcy, gaining a 35 percent stake in the company at no cost and then gaining full ownership on the cheap. Threatened with Chrysler’s liquidation, the UAW made major concessions. Contract language limiting layoffs to 48 weeks over the life of the four-year contract and SUB for the entire layoff period were eliminated. Now the most exploited workers will pay the price.Capitalists put profits before people“Slow sales” are presented as the root cause of layoffs, as if market cycles are as natural as weather cycles — and workers must live with the consequences.The corporate media claim that union wages and benefits are killing autoworkers’ jobs. That is the gist of the April 10 Detroit Free Press editorial on Ford’s announcement that it would invest $1.6 billion in a new plant in Mexico employing 2,800 workers. Ford is moving production of its small car, the Focus, from Michigan to San Luis Potosi. The newspaper blamed the UAW’s “ballooning contract demands” and moaned, “Without the tiered wage structure, Ford doesn’t have much of a choice where it manufactures small cars.”The contracts ratified last year were not expected to significantly increase labor costs. “This agreement provides a good foundation for Ford Motor Company, our employees and our communities,” said John Fleming, Ford’s vice president of global manufacturing and labor affairs. (New York Times, Nov. 20)Punishing the workers for winning a bigger share of the wealth they produce is rampant. Nabisco/Mondalez has announced plans to shift production of Oreo cookies to Mexico from its unionized Chicago factory.The real threat to workers’ jobs, beyond corporations’ heartless decisions, is the capitalist mode of production that puts profits before people. This system can’t be “fixed” to prevent layoffs and plant closings. What can workers do?Property right to a jobDuring the 1935-37 wave of sit-down strikes — which lasted from less than an hour to more than two months — a widespread belief arose that workers have a property right to their jobs. Even President Franklin D. Roosevelt’s Secretary of Labor Frances Perkins and Michigan Gov. Frank Murphy echoed that worker sentiment.In 1987, as GM closed a record number of plants, the Job Is a Right Campaign asserted that a job is a property right and demanded a moratorium on plant closings. This mass movement helped to strengthen job security language in UAW contracts.Discussing the right to a job leads to this conclusion: If workers have a property right to their jobs, they have a right to prevent their property from being taken away. This was the key legal defense of the sit-downs, when GM management howled that seizing the plants violated the sacred right of their ownership. Autoworkers, however, have sweat equity in the plants and have the right to occupy them in their own interest.FCA’s layoffs and the auto industry’s flagrant disregard of global warming prove that capitalists cannot be entrusted with our future. Workers must seize the means of production — not only to defend their jobs — but to ensure the planet’s survival.Grevatt is a 28-year Chrysler worker and UAW member.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Altadena Library District Introduces Book Selection for Read-A-Dena, Upcoming One Community, One Book Initiative

first_img Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Your email address will not be published. Required fields are marked * 127 recommendedShareShareTweetSharePin it EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy First Heatwave Expected Next Week Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Make a comment Community News Community News More Cool Stuffcenter_img The Altadena Library District is honored to announce its first annual Read-a-Dena book selection, Wild LA: Explore the Amazing Nature In and Around Los Angeles by the Natural History Museum of Los Angeles County, Lila Higgins and Gregory B. Pauly with Jason G. Goldman and Charles Hood. Read-a-Dena is the Altadena Library District’s new community-wide reading initiative launching in March 2020.“While perhaps an untraditional pick for a ‘One Community, One Book’ reading initiative, Wild LA celebrates the unique spirit of Altadena, which has nature deeply engrained in its history and identity,” says District Director Nikki Winslow. “The Altadena we know and love is adventurous, curious, and connected to the splendor of our local landscape. Wild LA offers something for everyone, from passive nature observers to the more active explorers in our community.”Throughout the months of March, April, and May 2020, 50 free copies of Wild LA will be available at both the Main Library and Bob Lucas Branch for the public to pick up, peruse, and pass along to neighbors and friends. Free copies will also be available to individuals who sign up to lead or join local Reading Groups, Read-a-Dena gatherings that bring neighbors together in small groups across Altadena to discuss topics in Wild LA and dig deeper into the book through library-curated activities and excursions. Interested leaders can sign up to host a Reading Group at www.altadenalibrary.org/readadena.In coordination with authors of Wild LA and other community organizations, the Altadena Libraries are pleased to offer many events and programs related to Read-a-Dena, including, but not limited to, a panel with the authors of Wild LA, a workshop on nature journaling, presentations on topics ranging from native reptiles to mushrooms, and a guided nature walk through Eaton Canyon. Every Read-a-Dena event will provide free copies of Wild LA to the first 10 guests upon arrival.About Altadena Library DistrictThe Altadena Library District has served its community for over 90 years, bringing people and ideas together to support an Altadena where all are learning, growing, and thriving together. More information about Altadena Library District is available at www.altadenalibrary.org. Name (required)  Mail (required) (not be published)  Website  Subscribe Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News Altadena Library District Introduces Book Selection for Read-A-Dena, Upcoming One Community, One Book Initiative STAFF REPORT Published on Tuesday, February 18, 2020 | 12:21 pm Top of the News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Business News HerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeauty18 Ways To Get Rid Of HiccupsHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeauty10 Of The Most Notorious Female Spies In HistoryHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautylast_img read more

Udaras na Gaeltachta should move focus away from FDI – Pringle

first_img Google+ Pinterest Facebook It has been claimed reduced funding for Donegal’s gaelscoileanna and high unemployment rates are key threats to the survival of the Irish language in Donegal.Independent General Election candidate, Thomas Pringle has published his Gaeltacht policy document and has cited ‘austerity policies’ being at the core of the issue with a 14 million euro cut in funding for Údarás na Gaeltachta since 2008.He says the only way forward is increase expenditure in the Donegal Gaeltacht and is advising Udaras na Galetachta to focus their attention away from foreign investment:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/02/pringlegaeltacht.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Homepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Udaras na Gaeltachta should move focus away from FDI – Pringle Previous articleRuaille Buaille le Colm Feireater 23/02/16Next articleSF demand a further statement from Taoiseach on the Mc Nulty affair admin By admin – February 24, 2016 Google+ Twitter WhatsAppcenter_img Pinterest Facebook Twitter Main Evening News, Sport and Obituaries Tuesday May 25th 75 positive cases of Covid confirmed in North 365 additional cases of Covid-19 in Republic Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp Further drop in people receiving PUP in Donegal Gardai continue to investigate Kilmacrennan firelast_img read more

Wisconsin admits 1st patient to field hospital, reports record COVID-19 deaths

first_imgnarvikk/iStockBy ERIN SCHUMAKER, ABC News(MILWAUKEE) — Wisconsin admitted its first patient to a field hospital in the Wisconsin State Fair Park, near Milwaukee, on Wednesday, the same day that the state reported a record 48 deaths from the novel coronavirus.The field hospital, a 530-bed facility which opened last week, is meant to relieve pressure on local hospitals, which have been rapidly filling with COVID-19 patients as Wisconsin’s outbreak worsens. In some areas, 90% of ICU beds are full, according to the governor’s office.“We are thankful to have this facility available to Wisconsinites and our hospitals, but also saddened that this is where Wisconsin is at today,” Gov. Tony Evers said in a statement.“Folks, please stay home. Help us protect our communities from this highly-contagious virus and avoid further strain on our hospitals.”In Wisconsin, COVID-19-testing positivity rates, daily new cases and deaths are all climbing, according to ABC News’ analysis of the COVID Tracking Project’s data.Wisconsin reported 3,413 new infections Thursday, according to the state health department, compared with 4,205 new infections Wednesday and a record 4,951 new cases on Tuesday.In addition to rising case counts, an average of 27.6% of tests returned positive every day in the past week in Wisconsin as of Wednesday, according to data from The COVID Tracking Project, which is more than five times the rate that health experts recommend.A high positivity rate can be a sign that a state is only testing its sickest patients and failing to cast a net wide enough to accurately capture community transmission, according to Johns Hopkins University. The World Health Organization recommends that governments get their positivity testing threshold below 5%.More than 1,700 people in Wisconsin have died of the virus so far, according to the health department.During a Thursday press briefing, Evers doubled down on his message about the severity of Wisconsin’s outbreak.“To those who say this pandemic has been blown out of proportion, or that there isn’t a real risk, folks, that’s just flat out wrong,” Evers said. The governor pointed to families who have had loved ones died of COVID-19 and to the health care workers putting their personal health and safety on the line, while working emotionally exhausting hours to care for COVID-19 patients.“Make no mistake,” he said. “This is an urgent crisis.”Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Government softens blow of ‘no fault’ eviction ban proposals

first_imgHome » News » Government softens blow of ‘no fault’ eviction ban proposals previous nextRegulation & LawGovernment softens blow of ‘no fault’ eviction ban proposalsLandlords will be able to use Section 8 process to regain their properties should they wish to sell it or move in, it has been announced.Nigel Lewis16th April 20195 Comments4,506 Views  Following yesterday’s announcement from the government that it is to ban Section 21 ‘no fault’ evictions by landlords and letting agents, further proposals to soften the blow of the shock announcement have been revealed.The more complicated Section 8 eviction process is to be amended to enable landlords to end a tenancy if they have a legitimate reason to do so, including regaining a home should they wish to sell it or move into it.Also, the legal process of eviction is to be ‘expedited’ to help landlords regain their properties more quickly and smoothly if tenants fail to pay their rent or damage a property.These proposals, along with yesterday’s decision to end Section 21 evictions, are to be put out to consultation.New deal“The government will collaborate with and listen to tenants, landlords and others in the private rented sector to develop a new deal for renting,” a government statement says.Ongoing industry reaction to the proposed measures has been unremittingly either cautious or hostile.“While this latest move has been made with the best intentions, it’s vital that the landlords themselves are also safeguarded so that we don’t further exacerbate this exodus of rental property providers,” says Calum Brannan, CEO of lettings platform Howsy (pictured, left).Peter Hermon-Taylor, Managing Director of lettings agency Maskells, says: “Meddling with a system that already works for the overwhelming majority is a perilous undertaking and we are very wary of this process, which by its nature is designed to tip the balance of power towards the tenant.“By doing so however they risk upsetting this stability of the whole sector which could have the effect of pushing droves of landlords out of the industry altogether. The devil however, and as always, will be in the detail.”Howsy Lettings Maskells section 21 evictions Section 8 evictions eviction April 16, 2019Nigel Lewis5 commentsJason Davies, Davies Lettings Ltd Davies Lettings Ltd 16th April 2019 at 11:41 amWhat next?! When is it going to stop?! Some of us are just honest, small independent agencies, wanting to survive an already tough market, in our local communities. the Tenant Fees Ban is already the final nail in the coffin for a lot of agencies. The Government seems to tar us all with the same brush, to take a blanket approach to make their life easier. What they should be doing is concentrating on targeting the minority rogue agents and landlords and leaving us honest, hard working citizens to try and make a decent living!Log in to ReplyVivien Mitchell, Director Director 16th April 2019 at 3:20 pmI agree Jason, This is become an absolutely devastating impact on all us small independents and I just do not know how much more I can take with Brexit, low interest in properties, Fee Ban and now this. I was told by the RLA trainer that 16 000 Letting Agents will go out of business due to the Fee Ban alone.The powers that be are destroying even the strongest hardest working people who like you and me are doing a great job and are hard working and honest citizens providing a good service.Log in to Replyjeremy clarke, Belvoir Christchurch Belvoir Christchurch 16th April 2019 at 11:00 amThe headline was banning S21, the issue is not so much to do with S21 more to do with S8.Very few landlords use the S21 for a no fault eviction process, most use S21 for other reasons such as rent arrears breach of tenancy because the S8 process is not fit for purpose. S8 is rife with pitfalls, loopholes and opportunities for the tenants that know the system (& “charities”) to exploit. Delays cost landlords money and there is often no recourse on the offending tenants so landlords take a view that at least S21 gives them certainty; they write off any tenant debts just to get the property back.S21 & S8 do not need ‘tinkering with’, they need a total review! A landlord must be able to get the property back either when the landlord wants it (sale, move in, for relative etc) but also when tenant defaults. Any new S8 grounds must be able to be actioned quickly to prevent huge losses to the landlord, say within 14 days for rent arrears? In addition, when the tenants owe the landlord money for rent, repairs etc. the tenant must immediately, without any further court action receive a County Court Judgement for the debt; if the tenant owes rent they must not be given Carte Blanc to go and do it again to another landlord. A central register which can be accessed by landlords and agents which shows all offending tenants must be produced.In my opinion, if a tenant discovers that he/she/they are going to get a CCJ, it will focus their minds and moderate their behaviour.So, this means radical changes to the court system with accessible court time for landlords and penalties on the system if it cannot perform; if the courts had to say, pay teh landlords’ rent and costs for any delayed time then landlords might not mind waiting. At the moment the biggest issue with landlords taking tenants to court via S8 is the uncertainty and the time delay – RESOLVE THAT FIRST BEFORE EVEN TALKING ABOUT BANNING S21!Log in to ReplyPhillip Ilic, Property Link Estates Property Link Estates 16th April 2019 at 10:42 amOf course the government has to allow a landlord to sell a property when he wants to what’s the alternative force a landlord to be a landlord until such time a tenant decides to leave. Rather alarmist to have thought otherwise so not really a softening. I am all for a mechanism of long term tenancies but banning the s21 notice cant be a way of doing it.What happens when a landlord wants to increase the rent? The tenant will simply refuse to accept any increase knowing they cant be evicted. So there will have to be a mechanism in place where a landlord applies to a property chamber or rent officer to set the rent. Whose going to pay for the applications and how many months will it take to get a rent increase through and how will the rent increase be calculated? That will be bringing back the rent control of the 1970’s that didn’t work. If there is a rent review clause in the agreement it will be a government controlled increase pegged to the Base Rate will that really work?This government is running scared from Corbyn because these are labour policies just like the tenant fee ban was. The Tories are desperate to not see the young persons vote go to them and not stick with labour as it did in the last election. Vote Tory or labour it will make no difference – except labour are talking about capping house price inflation so guess what will be coming out from the Tories next!Log in to ReplyWendy Peterman, Peterman Associates Ltd Peterman Associates Ltd 16th April 2019 at 10:42 amI’ll be interested to see how this government can ‘expediate’ the legal process of eviction. This government has no idea. Totally agree with Peter Hermon-Taylor.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 2021last_img read more

US Navy sorties Hawaii-based ships ahead of Hurricane Lane

first_img View post tag: Joint Base Pearl Harbor-Hickham US Navy ships and submarines based in Hawaii are getting underway from Pearl Harbor as Hurricane Lane travels toward the Hawaiian Islands.This was announced by Rear Adm. Brian Fort, commander, Naval Surface Group Middle Pacific, who said that ships and submarines not currently undergoing maintenance availabilities have begun to sortie and will be positioned to help respond after the storm, if needed.“Based on the current track of the storm, we made the decision to begin to sortie the Pearl Harbor-based ships,” Fort said. “This allows the ships enough time to transit safely out of the path of the storm.”Units will remain at sea until the threat from the storm subsides and Hawaii-based Navy aircraft will be secured in hangars or flown to other airfields to avoid the effects of the hurricane.The Navy orders a sortie during potentially extreme weather conditions to reduce the risk of significant damage to ships and piers during high winds and seas. Some ships will not get underway, due to various maintenance availabilities, and are taking extra precautions to avoid potential damage. Commanding officers have a number of options when staying in port, depending on the severity of the weather. Some of these options include adding additional mooring and storm lines, dropping the anchor, and disconnecting shore power cables. View post tag: US Navy Photo: Illustration. Photo: US Navy Share this articlelast_img read more