Financial Loss – Car Insurance In Memphis http://carinsuranceinmemphis.net/ Sat, 15 Jan 2022 14:29:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://carinsuranceinmemphis.net/wp-content/uploads/2021/06/icon-1.png Financial Loss – Car Insurance In Memphis http://carinsuranceinmemphis.net/ 32 32 Prince Andrew’s ex-wife Fergie ‘will remain a Duchess’ despite losing Duke titles https://carinsuranceinmemphis.net/prince-andrews-ex-wife-fergie-will-remain-a-duchess-despite-losing-duke-titles/ Sat, 15 Jan 2022 12:17:27 +0000 https://carinsuranceinmemphis.net/prince-andrews-ex-wife-fergie-will-remain-a-duchess-despite-losing-duke-titles/ The Duke of York’s ex-wife reportedly has no intention of giving up her title as her ex has been stripped of his military affiliations and royal patronages Video loading Video unavailable The video will start automatically soon8to cancel play now Sarah Ferguson arrives with Prince Andrew in 2019 Sarah Ferguson will remain Duchess, although her […]]]>

The Duke of York’s ex-wife reportedly has no intention of giving up her title as her ex has been stripped of his military affiliations and royal patronages

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Sarah Ferguson arrives with Prince Andrew in 2019

Sarah Ferguson will remain Duchess, although her husband has been stripped of his HRH titles and honors by the Queen, according to reports.

The Duke of York’s ex-wife reportedly has no intention of giving up her title, which she has retained since their divorce.

Earlier this week it was announced that Prince Andrew, mired in sexual abuse claims and now facing a civil trial, at been stripped of his military affiliations and royal patronages.

The disgraced Duke will no longer use the title of His Royal Highness in an official capacity and is it is expected to disappear of public life forever.

But Sarah’s friends told the Daily Mail she had held the title of Duchess since her divorce from Andrew and “that’s how it’s going to stay”.

“Andrew is still the Duke of York so that’s no problem,” they said.







Prince Andrew, mired in sex abuse allegations and now facing a civil trial, has had his military affiliations and royal patronages stripped by the Queen
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Prince Andrew became Duke of York, a title usually reserved for the monarch’s second son, when he married Fergie in 1986.

The title was previously held by the Queen’s father, George VI and her grandfather, George V.

Although Fergie divorced Andrew over 30 years ago in 1996, she can continue to use the title until she marries someone else. Then she would lose him.







Virginia Giuffre claims Andrew’s boyfriend Jeffrey Epstein forced her to have sex with the royal three times when she was 17
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Fergie’s daughters with Andrew, Princess Beatrice and Princess Eugenie, will also retain their Royal Highness titles.

Fergie, whose Twitter handle is SarahTheDuchess, has used her title to promote her books and other products around the world.

Another friend of the Duchess said Sarah had “absolutely no intention” of stepping away from the spotlight.

The comments come as the Royal Family is said “furious” with the prince over sexual claims and discrediting the family.







It is believed that Princess Beatrice and Princess Eugenie are still fully behind their father
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The stripping of Andrew’s titles comes after a judge ruled he should face a civil trial over allegations of sexual abuse.

Virginia Giuffre claims Andrew’s boyfriend Jeffrey Epstein forced her to have sex with the royal three times when she was 17.

The Duke of York vehemently denies the allegations.

Faced with a potentially damaging and costly lawsuit, the Queen’s middle son must decide if he wants to fight the case, settle, or become a debtor fugitive.







The wedding of Prince Andrew, Duke of York, and Sarah Ferguson in July 1986
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If Prince Andrew wishes to settle down, he must first ensure he has the finances to do so in addition to his spiraling legal bills.

The Mirror revealed the Queen would ‘not be helping’ with any further financial settlement for Ms Giuffre over the sex allegations.

A source said he was bearing all the costs himself and if there was any potential for a settlement ‘there is no doubt the Queen would not help him with it’.

The Duke, who lives at Queen’s Royal Lodge in Berkshire, is currently in the process of selling his £17million Swiss chalet.

Princess Beatrice and Princess Eugenie, who were recently pictured vacationing in Switzerland, are believed to still be fully behind their father.







Prince Andrew, Virginia Roberts, 17, and Ghislaine Maxwell at Ghislaine Maxwell’s townhouse in London on March 13, 2001
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The royal sisters, the Queen’s granddaughters, have remained well away from the drama surrounding their father, but are said to be “extremely distressed” by his legal woes.

However, other members of the royal family have reportedly rallied behind the couple, who, according to a source, believe their father “doesn’t deserve what is happening to him”.

Last month Sarah appeared on an Italian talk show where she said she was 100 per cent behind Andrew and explained that they ‘share a love like no other’.

She once told the Daily Mail, “We’re the happiest divorced couple in the world. We’re divorced from each other, not each other.”

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Big Tech has an IP hacking problem – TechCrunch https://carinsuranceinmemphis.net/big-tech-has-an-ip-hacking-problem-techcrunch/ Thu, 13 Jan 2022 21:53:46 +0000 https://carinsuranceinmemphis.net/big-tech-has-an-ip-hacking-problem-techcrunch/ Adam Mossoff is a patent law expert at George Mason University who has testified before Congress on the STRONGER Patent Act and a senior research fellow at the Hudson Institute. The US International Trade Commission ruled on Jan. 6 that Google infringed on Sonos’ patented innovations in wireless speaker technology. It may sound like an […]]]>

The US International Trade Commission ruled on Jan. 6 that Google infringed on Sonos’ patented innovations in wireless speaker technology. It may sound like an arcane legal ruling on a complicated fight over intellectual property. But it does confirm a problem that threatens America’s innovation economy and its international economic competitiveness.

The problem? Theft of intellectual property.

Years ago, big tech companies like Google decided they profited more by stealing small business intellectual property than by buying or licensing it. Google, Apple, Samsung and others – with cash reserves in the tens or even hundreds of billions of dollars – don’t sweat the legal fees, court costs or even damages they might have to pay for this flight. Google reported $142 billion in cash at the bank. This is far beyond what most companies realize in terms of total annual profits.

So Big Tech takes what it wants. It then uses scorched earth litigation tactics to beat up complaining intellectual property owners. This drags out litigation for many years and imposes massive legal costs on intellectual property owners seeking justice. Many intellectual property owners don’t even file a lawsuit. They know it is wasteful and counterproductive to try to protect what is rightfully theirs.

Simply put, Big Tech profits from intellectual property theft. The legal costs and potential damages, if ever issued after years of litigation, pale in comparison.

A few companies have fought back and the results confirm this predatory infringement practice. The story of Google’s abuse of Sonos is one of the most telling.

Sonos is a classic American success story, and Google’s hacking of its technology is a tragedy. Sonos began as a disruptive startup in 2005 with its breakthrough patented innovation in wireless speakers. It entered into a licensing agreement with Google in 2013, when Google agreed to run its music service, Google Play Music, with Sonos speakers.

Simply put, Big Tech profits from intellectual property theft. The legal costs and potential damages, if ever issued after years of litigation, pale in comparison. Adam Mossoff

But Google simply used that deal to gain access to Sonos’ technology. It soon began manufacturing its own devices with technology from Sonos, including speakers and other audio gear that directly competed with Sonos speakers and other products on the market.

Google didn’t have to cover Sonos’ development costs and could subsidize its new products and services with huge profits from its search engine business. So Google slashed the prices of Sonos – a common business practice among patent pirates.

Sonos first tried to broker a deal with Google, asking Google to simply license the technologies it had pirated from Sonos. Google held on for years, dragging out negotiations as its profits soared and Sonos lost more and more money. Seven years later, Sonos had no choice but to defend its rights in court. Sonos sued Google in 2020.

Sonos also sued Google in the International Trade Commission. This special court can intervene more quickly than ordinary courts to prohibit infringing imports. But it cannot reward damage.

Last August, an International Trade Commission judge ruled that Google had indeed infringed five of Sonos’ patents. Last week, the commission reaffirmed that decision. Google still calls Sonos’ claims “frivolous” and promises to keep fighting.

This is just one glaring example of Big Tech’s illicit use of other people’s patented technologies. It’s so common that it now has a name: predatory counterfeiting. Lawyers and political buffs call it an “effective offence.” In other words, it’s piracy.

Unfortunately, Big Tech attacked the US patent system to further support its piracy. Google and other companies have spent millions over the years lobbying Congress and regulators to weaken and eliminate patents, rigging the system against innovators. For example, they created the “patent troll” boogeyman to smear the patent owners who sue them for infringement – ​​as if the problem was not their own theft, but the audacity of their victims to fight back.

Washington must act to protect innovators and creators who rely on patents as a key driver of America’s innovation economy. Congress should reintroduce and enact bipartisanship Stricter patent law. This law would restore balance to the patent system by reforming some of the legal rules and institutions that Big Tech has lobbied to create that are central to its predatory infringement practices.

Sonos’ legal victory over Google confirms what politicians and lawyers have been talking about for years: Big Tech’s predatory offense is 21st century hacking, and Sonos is just one of many victims. Washington can and must help stop this piracy.

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Intact Financial Corporation Announces Fourth Quarter Catastrophe Loss Estimate https://carinsuranceinmemphis.net/intact-financial-corporation-announces-fourth-quarter-catastrophe-loss-estimate/ Tue, 11 Jan 2022 22:30:00 +0000 https://carinsuranceinmemphis.net/intact-financial-corporation-announces-fourth-quarter-catastrophe-loss-estimate/ TORONTO, January 11, 2022 / CNW / – Intact Financial Corporation (TSX: IFC) today announced an estimate of disaster losses1 for the fourth quarter of 2021 of approximately $ 186 million on a pre-tax basis ($ 0.80 per share after tax). About 55% of catastrophic claims involved our Canada segment, half of which in personal […]]]>

TORONTO, January 11, 2022 / CNW / – Intact Financial Corporation (TSX: IFC) today announced an estimate of disaster losses1 for the fourth quarter of 2021 of approximately $ 186 million on a pre-tax basis ($ 0.80 per share after tax).

  • About 55% of catastrophic claims involved our Canada segment, half of which in personal property. This mainly reflects the impact of flooding in British Columbia, as well as windstorms through Ontario and Quebec in December.
  • About 20% of the losses were attributable to the UK&I segment and 5% to the US leased lines.
  • The balance will be posted to Corporate & Other due to internal reinsurance.

“Our teams have worked tirelessly to quickly get our customers back on track. The unprecedented flood of British Columbia last November reminded us that as a society we must take immediate action to adapt to climate change, ”said Charles Brindamour, Chief Executive Officer of Intact Financial Corporation. “Despite difficult weather conditions, our business performance continues to be strong.”

1 For more details on our catastrophe claims expectations and definitions, please refer to sections 24.3 and 27.2, respectively, of our Q3-2021 MD&A, which is incorporated by reference. This document is available on our website at www.intactfc.com and on SEDAR at www.sedar.com.

About Intact Financial Corporation

Intact Financial Corporation (TSX: IFC) is the largest provider of property and casualty insurance in Canada, one of the world’s leading providers of specialty insurance and, together with RSA, a leader in the UK and Ireland. Our company has grown organically and through acquisitions of more than $ 20 billion of the total annual premiums.

In Canada, Intact distributes insurance under the Intact Insurance brand through an extensive network of brokers, including its wholly owned subsidiary BrokerLink, and directly to consumers through belairdirect. Intact also provides affinity assurance solutions through Johnson Affinity Groups.

In the United States, Intact Insurance Specialty Solutions offers a range of specialty insurance products and services through independent agencies, regional and national brokers, wholesalers and general management agencies.

Apart from North America, the company provides personal, commercial and specialty insurance solutions across the UK, Ireland, Europe and the Middle East via RSA brands.

Forward-looking statements

Certain statements made in this press release are forward-looking statements. These reports include, but are not limited to, by share and by industry: claims, catastrophic and non-catastrophic claims, their origin and location, expected effect on performance and combined ratio , the expected effect of applicable and future tax regulations and the impact on Society of the occurrence and response to the coronavirus pandemic (COVID-19) and related events. All of these forward-looking statements are made in accordance with the “safe harbor” provisions of applicable Canadian securities laws.

Forward-looking statements are based on estimates and assumptions made by management based on its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management considers appropriate in circumstances. Many factors could cause the Company’s actual results, performance or achievements or future events or developments to differ materially from those expressed or implied by forward-looking statements. In the case of estimated claims and losses, due to the preliminary nature of the information available to prepare the estimates, future estimates and the actual amount and categorization of claims and losses associated with the events described above may differ materially from the estimates. current.

All forward-looking statements included in this press release are qualified by these cautions and those appearing in the “Risk management” sections of our Q2-2021 MD&A (section 19), and in our annual MD&A. 2020 and Analysis, in notes 10 and 13 to our consolidated financial statements for the year ended December 31, 2020 and in our annual information form dated March 31, 2021, all of which are available on our website at www.intactfc.com or on SEDAR at www.sedar.com. These factors are not intended to represent a complete list of factors that could affect the Company. However, these factors must be considered carefully. Although forward-looking statements are based on what management considers reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. When relying on forward-looking statements in making decisions, investors should ensure that the foregoing information is carefully considered. Do not place undue reliance on any forward-looking statements contained in this press release. The Company has no intention and assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Intact Financial Corporation

For further information: Media inquiries: Kate Moseley-Williams, Senior Communications Advisor, 416 341-1464 ext. 42515, [email protected]; Investor Information: Shubha Khan, Vice President, Investor Relations, 416 341-1464 ext. 41004, [email protected]

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Wall Street Banks Announce Record Profits for 2021 https://carinsuranceinmemphis.net/wall-street-banks-announce-record-profits-for-2021/ Sat, 08 Jan 2022 10:00:20 +0000 https://carinsuranceinmemphis.net/wall-street-banks-announce-record-profits-for-2021/ The biggest banks on Wall Street are expected to post record profits for 2021 this month thanks to windfall investment banking fees and lower than expected loan losses during the pandemic, analysts warning it could take years to repeat such stellar benefits. Citigroup and JPMorgan Chase are the first major banks to report fourth quarter […]]]>

The biggest banks on Wall Street are expected to post record profits for 2021 this month thanks to windfall investment banking fees and lower than expected loan losses during the pandemic, analysts warning it could take years to repeat such stellar benefits.

Citigroup and JPMorgan Chase are the first major banks to report fourth quarter results on January 14. They are followed by Goldman Sachs on January 18, then Morgan Stanley and Bank of America on January 19.

Of those, analysts expect all but Citi to release their highest annual earnings on record, according to estimates compiled by Bloomberg and historical earnings data from S&P Capital IQ.

“You may have to go until 2024 before profits are higher than in 2021,” said Matt O’Connor, head of large-cap bank research at Deutsche Bank.

Nonetheless, the prospect of an interest rate hike by the Federal Reserve in 2022 fuels optimism that banks could be set for another solid year.

“We expect bank stocks to continue to outperform the market in 2022,” Barclays analyst Jason Goldberg wrote in a note to clients this week.

Profits in 2021 were flattered by the reserve releases that banks had set aside to cover potential loan losses that they feared could turn sour due to the pandemic.

Losses have so far turned out to be much less frequent than feared. Goldman analysts estimate that the seven big banks it covers, including JPMorgan and Bank of America, have now released $ 36 billion of the $ 50 billion they initially allocated in anticipation of loan losses.

Banks have also benefited from successful investment banking fees, with global mergers and acquisitions in 2021 reaching their highest since all time highs.

“People don’t think that, especially for paid capital markets business, these types of levels seen in 2021 are necessarily normal,” said Devin Ryan, analyst at JMP Securities.

So far, banks have used their profits to invest in technology, pay bonuses, and buy back their own stocks.

After such a big year, investors are wondering if 2021 has been a “peak in profits” for the big banks, according to Richard Ramsden, banking analyst at Goldman Sachs.

“What investors are trying to figure out is whether the market has overvalued or undervalued the rate option embedded in bank stocks? Ramsden said.

Right now, the market is anticipating another good year for the banks. Shares of U.S. banks rose 35% in 2021, Deutsche Bank analysts said, outperforming the S&P 500, and surged again in the first days of 2022.

Line graph of% gains showing that bank stocks have outperformed the broad market in 2021

Investors are betting that rising interest rates will boost the profits banks make from loans. Loan demand, which was sluggish in 2021 amid a record amount of government stimulus, has also shown signs of improvement, recent data from the Fed showed.

Analysts predict that a greater proportion of loan earnings instead of the release of loan loss reserves would better value market bank stocks, even if total earnings are lower for the year.

“It’s right that 2022 is kind of a transitional year where underlying earnings are likely to improve but reported earnings decline,” O’Connor said.

An increased demand for loans in an environment of higher rates would also allow banks to make the most of the large deposit base that swelled during the pandemic. At JPMorgan, the largest US bank by assets, deposits increased by more than 50% from late 2019 to September 2021 to reach $ 2.4 billion.

“When rates start to rise,” said Keith Horowitz, US banking analyst at Citigroup, “that’s when you really start to see the real benefit of those deposits. “


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In South Korea, hair loss emerges as a new electoral issue https://carinsuranceinmemphis.net/in-south-korea-hair-loss-emerges-as-a-new-electoral-issue/ Thu, 06 Jan 2022 10:45:37 +0000 https://carinsuranceinmemphis.net/in-south-korea-hair-loss-emerges-as-a-new-electoral-issue/ SEOUL, South Korea – South Korean presidential candidate Lee Jae-myung is not bald. But he enjoys the support of many bald voters for his push for government payments for hair loss treatments. Since his proposal was leaked earlier this week, hair loss has become a hot topic ahead of the March presidential vote in South […]]]>

SEOUL, South Korea – South Korean presidential candidate Lee Jae-myung is not bald. But he enjoys the support of many bald voters for his push for government payments for hair loss treatments.

Since his proposal was leaked earlier this week, hair loss has become a hot topic ahead of the March presidential vote in South Korea, where previous elections have focused on North Korea’s nuclear program. relations with the United States, scandals and economic problems.

Online communities for bald people are inundated with messages supporting his proposal. There are also strong criticisms that this is just a populist-driven campaign pledge by ruling party candidate Lee to win votes.

Social media posts include: “Jae-myung bro. I love you. I will plant you in the Blue House ”and“ Your Excellency, Mr. President! You are giving bald people new hope for the first time in Korea. . “

Lee told reporters on Wednesday that he believes hair regrowth treatments should be covered by the national health insurance program.

“Please let us know what has been bothersome for you regarding hair loss treatments and what needs to be reflected in policies,” Lee wrote on Facebook. “I will present a perfect policy on the treatment of hair loss.”

Lee, an outspoken Liberal, runs public opinion polls. Some critics have called him a dangerous populist.

“(Lee’s idea) may seem like a necessary step for many people who are worried about their hair loss, but this is only serious populism, as it would worsen the financial stability of the program. state insurance, “conservative newspaper Munhwa Ilbo said in a statement. editorial Thursday.

Currently, hair loss related to aging and hereditary factors is not covered by the government administered insurance program. Treatments for hair loss are only covered if the hair loss is caused by certain diseases.

Reports indicate that one in five South Koreans suffers from hair loss.


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A mystery surrounds the end of year windfall for Turkey’s central bank | Financial market news https://carinsuranceinmemphis.net/a-mystery-surrounds-the-end-of-year-windfall-for-turkeys-central-bank-financial-market-news/ Tue, 04 Jan 2022 14:37:23 +0000 https://carinsuranceinmemphis.net/a-mystery-surrounds-the-end-of-year-windfall-for-turkeys-central-bank-financial-market-news/ Turkey’s central bank had forecast a loss of $ 5.2 billion on December 30, but managed to end the year with a profit of $ 4.4 billion. Turkey’s central bank posted an extraordinary daily profit of around $ 10 billion on the last day of 2021, prompting questions about the cause of this overnight windfall […]]]>

Turkey’s central bank had forecast a loss of $ 5.2 billion on December 30, but managed to end the year with a profit of $ 4.4 billion.

Turkey’s central bank posted an extraordinary daily profit of around $ 10 billion on the last day of 2021, prompting questions about the cause of this overnight windfall that will trickle down to the country’s treasury.

The monetary authority had forecast an annual loss of around 70 billion lire ($ 5.2 billion) on December 30, but ended the year with 60 billion lire in profits, an unprecedented change in fortune in a single day, according to his daily report. In February, the Treasury and Finance Ministry – as the central bank’s largest shareholder – will start collecting a large chunk of that sum in the form of dividends.

The sharp turnaround comes after President Recep Tayyip Erdogan unveiled measures intended to compensate lira investors for any losses. Turkey’s currency slipped 44% against the dollar last year, largely as the central bank – encouraged by Erdogan – has cut its policy rate by 500 basis points since September.

The depreciation of the pound fueled the rise in consumer prices, with inflation ending the year at over 36%, the highest level since September 2002. This eroded Erdogan’s popularity as the 2023 elections. But even with guaranteed returns on lira deposits, Turkish investors are still clinging to foreign currencies, undermining the Turkish leader’s plan to support the pound without raising interest rates.

Erdogan, who attacked high borrowing costs as a drag on economic growth, pledged to remove the inflation “bubble” in a speech Tuesday, calling exchange rate fluctuations and price increases “excessive” “thorns” on the way to Turkey. Its policy of lowering rates to bring down inflation goes against mainstream economic thinking.

The central bank declined to comment on the dramatic decision of its balance sheet, which was first reported on Monday by the bank’s former deputy governor Ibrahim Turhan and ex-banker Kerim Rota, both members of the Party of the future, the opposition. Two officials familiar with the matter said this was in line with the accounting advice of the independent auditors, but asked not to be identified due to the sensitivity of the matter.

According to Turhan, a possible explanation for the huge increase in overnight profits could lie in the sale of foreign exchange reserves to the Treasury. The depreciation of the pound makes foreign reserves more valuable in local currency, but this cannot be recorded in the profit column until the reserves are sold, he said.

The same amount of dollars would then have to be redeemed to maintain the level of reserves, Turhan said.

The Treasury’s borrowing program for the current three-month period showed that the authorities were already expecting Lira 44 billion in external revenue next month.

(Updates with Erdogan’s speech, inflation and read details from the third paragraph)


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‘RRR’ release postponed amid COVID-19 peak, manufacturers suffer emotional, financial loss https://carinsuranceinmemphis.net/rrr-release-postponed-amid-covid-19-peak-manufacturers-suffer-emotional-financial-loss/ Sun, 02 Jan 2022 13:40:00 +0000 https://carinsuranceinmemphis.net/rrr-release-postponed-amid-covid-19-peak-manufacturers-suffer-emotional-financial-loss/ ‘RRR’ release postponed amid COVID-19 peak, manufacturers suffer emotional, financial loss SS director Rajamouli’s long-awaited period action flick RRR (Rise Roar Revolt) has been postponed again amid an increase in coronavirus cases in the country. The Telugu film starred stellar actors including stars from the south – Ram Charan and NT Rama Rao Jr, and […]]]>
‘RRR’ release postponed amid COVID-19 peak, manufacturers suffer emotional, financial loss

SS director Rajamouli’s long-awaited period action flick RRR (Rise Roar Revolt) has been postponed again amid an increase in coronavirus cases in the country.

The Telugu film starred stellar actors including stars from the south – Ram Charan and NT Rama Rao Jr, and Bollywood’s Ajay Devgn and Alia Bhatt, was set to hit theaters on January 7.

The directors broke the news of the film’s delay just six days before its theatrical release and ahead of major promotional activities across the country.

The decision to postpone the release date was announced on the official Twitter account of RRR movie.

“With the best interests of all parties involved in mind, we are forced to postpone our film. Our sincere thanks to all the fans and the audience for their unconditional love #RRRPPostopened #RRRMovie,” the tweet read. .

In an attached statement, the directors said they were “forced” not to release the film as theaters are closed in many states across the country over concerns over the new Omicron variant.

“Despite our relentless efforts, there are some situations that are beyond our control. As many Indian states are closing their theaters, we have no choice but to ask you to keep your enthusiasm. We promise to bring back the glory of Indian cinema and to the at the right time, WE WILL DO IT, “he added.

RRR is the second film to be delayed due to the increase in Covid-19 cases across the country. Earlier, Shahid Kapoor-starrer Jersey has been delayed from its scheduled December 31 release date.

RRR’s release date has been repeatedly postponed due to the coronavirus pandemic. Produced by DVV Entertainments, the film is a fictional tale based on the lives of two freedom fighters at the turn of the 20th century.


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Snow and Ash: ‘Miracle’ No One Killed in Rare Colorado Winter Forest Fire https://carinsuranceinmemphis.net/snow-and-ash-miracle-no-one-killed-in-rare-colorado-winter-forest-fire/ Fri, 31 Dec 2021 21:42:00 +0000 https://carinsuranceinmemphis.net/snow-and-ash-miracle-no-one-killed-in-rare-colorado-winter-forest-fire/ Dec.31 (Reuters) – Colorado officials on Friday said it was a “miracle” that no deaths were reported in a rare urban forest fire that moved at breakneck speed through cities across the country. north of Denver, destroying more than 1,000 homes. The blaze was caused by gusts of wind of 105 miles per hour (169 […]]]>

Dec.31 (Reuters) – Colorado officials on Friday said it was a “miracle” that no deaths were reported in a rare urban forest fire that moved at breakneck speed through cities across the country. north of Denver, destroying more than 1,000 homes.

The blaze was caused by gusts of wind of 105 miles per hour (169 km per hour), which caused flames to leap over highways and entire neighborhoods on Thursday, authorities said. The winds created a mosaic burn pattern that saw untouched houses stand next to those left in ashes.

Officials said on Friday that the winds had calmed down and snow was coming, and that they did not expect the blaze to pose any more danger.

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Jennifer Balch, director of the University of Colorado Earth Lab whose research focuses on the ecology of fire, lives a few miles from the fire area and said the blaze was shocking for many reasons. She went for a walk on Friday morning, trying to get a better vantage point to see the damage from the fire.

“I could smell smoke and snowflakes hitting my cheeks. The ‘winter forest fires’ should be an oxymoron. We should not be dealing with forest fires in late December,” she said. declared.

Part of the story, Balch said, has to do with climate change. A very wet spring allowed more herbs to grow this year, which turned into highly combustible fuel during the hottest fall on record in the region amid a severe drought.

But she said population growth in Boulder County in recent years has meant more homes are being built in areas increasingly prone to wildfires.

The blaze swept around 6,000 acres in just hours, destroyed at least 500 homes and could have burned as many as 1,000, authorities said. Six people were treated for injuries Thursday and the blaze is largely contained, with only a few smoldering spots.

Homes damaged from wind-blown grass fires are seen in Harper Lake, Louisville, Colorado, the United States on December 31, 2021, in this still image obtained from social media video . Twitter / @ jpleggett / via REUTERS

“We could have our own New Year’s miracle in our hands, if it confirms that there has been no loss of life,” Governor Jared Polis said at a press briefing.

Boulder County Sheriff Joe Pelle said at the same briefing that no deaths had been reported so far and no one was missing.

Videos posted to social media showed frantic scenes as people shopping or dining in rushed to flee when flames lit against the buildings they were in.

Polis said he spoke to US President Joe Biden, who verbally endorsed a major disaster declaration to help people get financial assistance quickly after the fire.

The wildfire injured at least half a dozen people and evacuated tens of thousands of residents in and around two towns east of the Rockies near Denver. read more The origin of the wildfires has not been confirmed but was suspected to be power lines, officials said.

On Thursday, evacuation orders were first issued for all residents of the city of Superior, Colorado, with a population of approximately 13,000, and shortly thereafter for the adjacent municipality of Louisville, home to more of 18,000 inhabitants.

An entire subdivision of 370 homes caught fire west of Superior, and 210 homes were lost in Superior Old Town, along with additional residences in the area. The property losses also included a shopping center and a hotel in Superior, officials said.

Six people were treated for injuries from the wildfires at nearby UCHealth Hospital in Broomfield, spokeswoman Kelli Christensen said Thursday. She declined to specify the nature of the injuries or the condition of the patients.

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Reporting by Brad Brooks in Lubbock, Texas; Additional reporting by Kanishka Singh in Bangalore; Editing by Grant McCool and Lisa Shumaker

Our standards: Thomson Reuters Trust Principles.


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CinemaOne Suffers $ 7 Million Loss for 2021 https://carinsuranceinmemphis.net/cinemaone-suffers-7-million-loss-for-2021/ Thu, 30 Dec 2021 05:56:09 +0000 https://carinsuranceinmemphis.net/cinemaone-suffers-7-million-loss-for-2021/ Business Journalist 2 hours ago CinemaOne cinemas at One Woodbrook Place, Port of Spain. -Archive photo / Ayanna kinsale CinemaOne Ltd continues to be in the red, recording an estimated loss of $ 7 million for the year ending September 30, 2021. This figure was higher than in 2020, when it reported an estimated loss […]]]>

Business



CinemaOne cinemas at One Woodbrook Place, Port of Spain. -Archive photo / Ayanna kinsale

CinemaOne Ltd continues to be in the red, recording an estimated loss of $ 7 million for the year ending September 30, 2021. This figure was higher than in 2020, when it reported an estimated loss of $ 5 million. of dollars.

CinemaOne’s financial results reflect a sharp drop in revenue to $ 2.07 million from $ 6 million. Unlike 2020, where its gross margin was $ 3.78 million, this year the profit was only $ 960,788. That was scuttled by an operating loss of $ 6.46 million, up from $ 4.46 million in 2020 (after total spending of $ 7.4 million – 2021 and $ 8.24 million – 2020 .)

The pre-tax loss was $ 8 million this year, up from $ 5.2 million. A tax credit of $ 1.06 million brought his year-end loss to $ 6,997,483.

CinemaOne – listed on the PME level of the exchange – said its performance was largely due to the impact of three lockdowns due to the covid19 pandemic since March 2020.

He said that the closing of theaters “had a deleterious impact on the company’s revenues and profitability in fiscal year 2021 …

“The extended shutdown period not only exceeded that of fiscal 2020, but also included significant operational restrictions throughout the period in which the company was licensed to operate. These restrictions, which were not imposed for the first half of fiscal 2020, included, among other things, a 50% Capacity Limit, closing time at 10 p.m. and no alcohol consumption on the premises. During the two weeks leading up to April 2021, the company was also prohibited from allowing any type of consumption of food and drink on the premises of its cinema.

During the initial foreclosure, he implemented 50-100% temporary staff and salary reductions for all staff levels and negotiated a modified schedule and / or reduced contract payments with owners, major financial partners and other major suppliers.

This helped it maintain its liquidity and ensured its ability to reopen quickly. The company also continued its phased approach to decelerating capital spending related to its ongoing theater expansion project in the Gulf City Mall in southern Trinidad. Its main theaters are located at One Woodbrook Place, in Port of Spain.

Since the area reopened on Oct. 11 as a safe zone for vaccinated customers, the company said it was encouraged by attendance and spending per customer that was in line with pre-pandemic times.

However, he remained cautious about the prolonged impact of covid19 and expected “only a gradual and prolonged relaxation” of the restrictive measures in the interest of public security. “As such, the company’s financial management strategy will also include covid19 metrics such as active cash management and liquidity preservation, staggered and reduced working hours, and a primary focus on rapid return. positive EBITDA (earnings before interest, taxes, depreciation, and amortization) generation and profitability given the recent reopening of the company’s theaters. “

CinemaOne said that although the market cap at the current price of $ 4 per share fell only 9% to $ 25.6 million in 2021 and remained slightly above its reduced net book amount of $ 23 million. , it experienced a second year affected by covid19 characterized by a reduction in income of about -66 percent and a consecutive year of significant net losses.


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Sensex finished 477 points higher, Nifty in the lead 17,200; Rbl Bank Up 3% https://carinsuranceinmemphis.net/sensex-finished-477-points-higher-nifty-in-the-lead-17200-rbl-bank-up-3/ Tue, 28 Dec 2021 10:14:00 +0000 https://carinsuranceinmemphis.net/sensex-finished-477-points-higher-nifty-in-the-lead-17200-rbl-bank-up-3/ Nifty Bank shouldn’t break the 34,000-strong base: Rohit Srivastava Rohit Srivastava, founder and strategist at Indiacharts.com, believes that Nifty Bank should not exceed the base of 34,000. Bank stocks have been the main weak point in the market. “The market could test the 34,000 level again but may not exceed it and should eventually see […]]]>

Nifty Bank shouldn’t break the 34,000-strong base: Rohit Srivastava

Rohit Srivastava, founder and strategist at Indiacharts.com, believes that Nifty Bank should not exceed the base of 34,000. Bank stocks have been the main weak point in the market. “The market could test the 34,000 level again but may not exceed it and should eventually see a recovery in the banking and financial space,” he said.

Speaking on the Nifty50, he said the upside cutoff point would be around 17,290. “Once we get past that I don’t think there will be going back; we’ll be back. to 18,600 in the coming weeks. But until we get past 17,290, I leave open the possibility of some short-term volatility between here and another drop maybe below 17,000; that risk is there. It is still open until we get past that significant resistance, “he said.

“Until the end of the year or the first week of January, I think any negativity that exists should sort of be cleaned up within the next 5-6 days. If that doesn’t happen, we kind of are ready for a rally on So I think that’s the setup. Most sales are sort of over; panic troughs are in place as 16,400 are around the 40 week average or even very close to the 200 day average that a lot of people are looking at … It ends up being good support for this market, “he added.


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