CIEL Textile Limited (FKL.mu) listed on the Stock Exchange of Mauritius under the Investment sector has released it’s 2017 interim results for the half year.For more information about CIEL Textile Limited (FKL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the CIEL Textile Limited (FKL.mu) company page on AfricanFinancials.Document: CIEL Textile Limited (FKL.mu) 2017 interim results for the half year.Company ProfileCIEL Textile Limited is engaged in the manufacturing and sale of knitted garments locally and internationally. The countries in which the company sells these products include Mauritius, Madagascar, Asia, and South Africa. Within the company’s production line, there are fabrics, jersey-wear garments, t-shirts and polo shirts, sweatshirts, joggers, and knitwear. CIEL Textile Limited operates the sale of its products through the company’s subsidiaries such as Harris Wilson, Blu River, Aquarelle Shirt, and Floreal Boutique. The company is a subsidiary of CIEL Group and is based in Ebène, Mauritius. CIEL Textile Limited is listed on the Stock Exchange of Mauritius.
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 9 January 2005 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. This year’s telethon will take place on Friday 18 November 2005. Grant application deadline for BBC Children in Need 17 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The closing date for receiptof grant applications to the BBC Children in Need appeal is 30 March 2005.The 2004 BBC Childre in Need Appeal has raised £17.1 million so far.The charity accepts grant applications from “properly constituted voluntary organisations” whose work makes a positive difference to the lives of disadvantaged children in the UK. Advertisement
Malcolm X and Muhammad AliThe champ has passed. “The Greatest” has gone. Muhammad Ali is dead. It was a foregone conclusion that this day would come — “the day” when everything a person has been ends with one final exhalation. It comes for everyone. When it was announced that Muhammad Ali was hospitalized yet again, this time with a respiratory illness, it seemed, sadly, that it was only a matter of time. And it was. Surrounded by family, he passed quietly of septic shock on June 3.Since his death, Muhammad Ali has been lauded in major bourgeois media, in minor sources, in print and in every form of media around the world. He is remembered by people too young to have seen him box and by revolutionaries and reactionaries. Everyone has something to say about Muhammad Ali.Who was Muhammad Ali? This can be confusing. People are complex. History is too; it is dialectical. So the ideas and beliefs of an individual, like society as a whole, are affected by the real world around us. Changes are due to objective and subjective factors. A simpler way to say it is that the political tumult of the 1960s era that produced Muhammad Ali was no more by the 1980s. So the Muhammad Ali who supported Ronald Reagan was a different Ali. The revolutionary fervor around the world had quieted, and the Black Liberation struggle that he championed had been violently repressed by the police, the FBI, the military and the courts. Years of reaction followed, with the destruction of the industrial heartland due to high technology, and the capitalists’ drive to find higher rates of exploitation in the Third World, coupled with an assault on workers and oppressed people in the United States..Even then, one cannot say that Muhammad Ali’s unfortunate support for Reagan or other right-wing politicians defined his post-boxing life. The establishment that embraces him today portrays him as just an icon, a person with nebulous politics, who was loved and respected by all, who could shake hands with Fidel Castro or Nelson Mandela and then sit down with Bill Clinton in the White House.The people who eulogize Muhammad Ali today would lambaste the Ali whom we hold close. They wanted to silence him at the height of his physical prowess and political significance. A symbol for the oppressedWho was Muhammad Ali? In three words, he was beautiful, brilliant and great. He was our Blackness, our expression through and through — and yet, still more. He was a symbol for all despised and oppressed people who yearn and struggle for more. He was our “religion” — what Karl Marx called “the sigh of the oppressed creature, the heart of a heartless world, and the soul of soulless conditions.” He was everything that we were and are — outfront and defiant for all to see how magnificent and brave we are and must continue to be.The dialogue will continue about Ali’s political importance. But what made him the Greatest must be reclaimed.It was not only boxing that made Ali great and the champ. His skill as a boxer is part of it. Some might sum up boxing as he once did, “Boxing is a lot of white men watching two Black men beat each other up.” That description brings to mind the first chapter in Ralph Ellison’s book, “Invisible Man,” sometimes presented as a short story called “Battle Royal.” It would be difficult to argue against that perception. Most fighters are from the oppressed world. Consequently, so are most fans, except those who can afford to see the biggest fights and those who profit the most are white. It is the hurt game, a brutal contest. It is, perhaps, a contradiction for this writer, a revolutionary, to enjoy.In the pantheon of boxersBoxing is a sport of science and skill. It is a chess match that requires a great deal of thinking and certain physical attributes. Ali possessed it all. It is difficult to rank athletes from different eras because scientific advances have made training more efficient and helped increase the performance level of athletes.Some scribes rank Ali at the top of the pantheon of boxers; some rank him in the top five. Often these rankings are culled together by people who have never been punched in the face. But it would not be sacrilegious to rank Sugar Ray Robinson as history’s greatest fighter and Henry Armstrong second, with Ali third, or maybe lower, but definitely in the top six. Robinson and Armstrong were tremendous athletes and fighters who accomplished amazing feats. Armstrong held belts from three different weight classes at the same time.Ali’s abilities and accomplishments put him in a unique class. He was the fastest heavyweight the world had ever seen, in terms of hand and foot speed. But it was his hands and the spectacle of the dizzying blur of combinations he would throw that held many people in awe. He was also light on his feet for someone of his size. He could move backwards and laterally while popping a jab. He could set his feet, uncork a right hand and then dance away before his opponent could respond. His balance was like a dancer’s, and his punches had power from both the torque generated and the leverage he was able to get.If someone were looking to create another Muhammad Ali, that person would need to take the hand, foot speed and balance of an early Floyd Mayweather; the reflexes of a prime Roy Jones Jr.; the combination of speed and power of Shane Mosley; the clowning of Emanuel Augustus, and then put them all on a 6-foot- 3-inch frame. Then add the buttery voice of Sam Cooke, the skill with vernacular of Michael Eric Dyson and the sing-song quality of the delivery of rapper Method Man — and you get Muhammad Ali.Ali made the violence of boxing almost beautiful to watch. When his reflexes dulled and his feet lost their speed, it was his ring intelligence and his superior will that defeated opponents. He faced some of the most efficient punchers in heavyweight history — Liston, Shavers, Foreman, Ron Lyle, Joe Frazier — and he beat them all.Who could forget Ali’s fight against George Foreman and the images of Ali surrounded by throngs in the Democratic Republic of Congo? Foreman was the establishment’s pick, a powerful fighter with a more fearsome reputation than Sonny Liston. Ali took Foreman’s every punch and taunted his foe, wearing him down before coming alive to knock him out in the eighth round. It was a demonstration of his in-ring greatness, as he suggested it would be.The ‘People’s Champ’The fighter is part of the “champ,” just a piece of what made Ali great. That part can’t be separated from the whole; without it he would not have had the world’s stage or drawn such ire from bourgeois politicians and their media mouthpieces.What made him the “People’s Champ” and greater than even his in-ring exploits is what Ali did with his fame and allure. When he joined the Nation of Islam in 1964, it made more of a political statement than it would today, though it remains one. Ali said then: “I am America. I am the part you won’t recognize. But get used to me. Black, confident, cocky; my name, not yours; my religion, not yours; my goals, my own; get used to me.” His statement symbolized the period of revolution against Western imperialism and white supremacy, as well as the Black Liberation struggle in the U.S.Ali stood to lose everything he fought for, but that threat did now cow him. He said what the Black masses felt. At a time of American apartheid, when Civil Rights leaders were being jailed, beaten and assassinated, he stood up as a Black nationalist and taunted the dominant nationality unceasingly. He couldn’t be controlled or ignored.The Civil Rights Movement was still the predominant wing of the Black political movement. But Ali’s presence was an important component of what would become the most feared wing of the Black struggle — the Black Liberation movement.When Ali was drafted into the Army, he could have stated that he was a conscientious objector solely on religious grounds. But he insisted, “No Viet Cong never called me n—-r.” Ali’s further elaboration set the world afire: “Why should they ask me to put on a uniform and go ten thousand miles from home and drop bombs and bullets on brown people in Vietnam while so-called Negro people in Louisville are treated like dogs and denied simple human rights?”His internationalist sentiment exposed the great hypocrisy of why the U.S. claimed it was in Southeast Asia. Even if it was not understood that the U.S. had material interests and ideological reasons for waging war against the people of Southeast Asia, Ali’s refusal and explanations hit home. It was like Langston Hughes’ character Jesse B. Semple, an everyman, learning Internationalism and Anti-Racism 101. ‘I’ve been in jail for 400 years’Ali explained, “I ain’t draft dodging. I ain’t burning no flag. I ain’t running to Canada. I’m staying right here. You want to send me to jail? Fine, you go right ahead. I’ve been in jail for 400 years. I could be there for four or five more, but I ain’t going no 10,000 miles to help murder and kill other poor people. If I want to die, I’ll die right here, right now, fightin’ you, if I want to die. You my enemy, not no Chinese, no Vietcong, no Japanese. You my opposer when I want freedom. You my opposer when I want justice. You my opposer when I want equality. Want me to go somewhere and fight for you? You won’t even stand up for me right here in America, for my rights and my religious beliefs. You won’t even stand up for my rights here at home.”This stance helped to unify the sentiments of Black people across the country and usher in further militancy in the anti-war movement and the Black struggle. Jim Brown, Kareem Abdul-Jabbar, Bill Russell, Willie Davis, Curtis Stokes and others, athletes at the prime of their careers, made their objections to the war public in a unified way.Ali’s stance resulted in the loss of his license to fight, his championship belts, money — and his best fighting years. He knew of this possibility and remained resolute. When he returned to the ring, his physical talents were somewhat diminished. Reflexes and speed are the first things a fighter loses.Beloved worldwideThis is the Ali that the world — outside of mainstream bourgeois circles — remembers. It is why he could travel anywhere in the world — to Cuba, Iraq, Libya, the Congo, Philippines and elsewhere — and people by the tens of thousands would gather and wait to see him. This is why he was respected by revolutionaries and anti-imperialists.It is also why a reviled, bourgeois, reactionary demagogue like Donald Trump or any other politician might speak glowingly of him today, but would have hated him 50 years ago. Throw a rock in any direction, and you might hit someone who speaks of Ali as if they are memorializing the same man the oppressed do. They lie.That is not our Ali. Our Muhammad Ali was not safe. Our Ali spoke like us and for us. We keep him close to our chest, and that is the Ali we mourn. Our Ali believed in doing the impossible: “Impossible is just a big word thrown around by small men who find it easier to live in the world they’ve been given than to explore the power they have to change it. Impossible is not a fact. It’s an opinion. Impossible is not a declaration. It’s a dare. Impossible is potential. Impossible is temporary. Impossible is nothing.”He was The Greatest. We will remember him as we fight on. Ali presente! We will win. 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Home News Feed DuPont Pioneer Harvest Update 10/09/17 DuPont Pioneer Harvest Update 10/09/17 SHARE Facebook Twitter DuPont Pioneer Harvest Update 10/09/17 Miller told HAT test weight differences are also notable between early and late planted crops, “This is due to the lack of growing degree units. In some areas we are running over 400 units behind the 10 year average.” He also stated that soybean yields, while good, were hurt by the lack of rain in August. Facebook Twitter Previous articleClosing CommentsNext articlePost Rain Delay Harvest Update on the HAT Tuesday Morning Edition Gary Truitt By Gary Truitt – Oct 9, 2017 SHARE Rain put the harvest on hold in many areas of the state. After several weeks of ideal harvest weather, a short break came as a relief for most producers. Eric Miller, with DuPont Pioneer, says yields are continuing to come in above expectations, “Yield results for both corn and soybeans are coming in well above grower expectations, especially given the kind of planting and growing season we have had.” Miller says, despite very different planning dates, most fields have evened up as the season has gone along. However, moisture content remains an issue, “In the areas where we had replanting or late planted crops, harvest moisture levels are running a good 10 points above the earlier planted crops.” He added that vastly different growth stages were an issue this summer, but the warm and dry September weather has pushed all crops toward maturity quickly.
Grace is a senior journalism major and minor in business. She grew up in Tampa, Florida and loves to spend time in the sunshine with her friends. She can’t start her day without a cup of coffee and when she’s not in the media lab you can find her exploring hidden gems in Fort Worth. Grace Toupshttps://www.tcu360.com/author/grace-toups/ Facebook Facebook World Oceans Day shines spotlight on marine plastic pollution Grace Toupshttps://www.tcu360.com/author/grace-toups/ ReddIt Grace Toupshttps://www.tcu360.com/author/grace-toups/ Grace Toups Water line breaks affect Moudy for third time this year Twitter Visit the Study Abroad Fair Wednesday February 7 in the BLUU Auditorium (Photo credit: Center for International Studies:Study Abroad Building sustainability together Linkedin Marathon runner persists after being mauled by a pit bull Previous articleSGA president proposes adding Intentional Dialogue program to Intro to University Life curriculumNext articleConfederate propaganda during FWSSR causes discomfort for some students Grace Toups RELATED ARTICLESMORE FROM AUTHOR Twitter TAGSstudy abroad printStudents looking to learn more about the world and their chances to explore can get their questions answered at the 2018 Study Abroad Fair Feb. 7 from 11 a.m.-2 p.m. in the Brown Lupton University Union Auditorium.Students will learn about the more than 350 TCU and TCU-approved programs to study overseas. The fair targets students looking to go abroad in the fall of 2018 but is open to all students.Group information sessions led by staff are available to teach students about the program, credits, costs, scholarships, applications and deadlines.“The fair is a great resource for students to learn about all of the options offered through TCU for semester and summer abroad programs.” Tatiana Marceleno, study abroad recruitment coordinator, said.Marceleno recommends students who cannot attend the fair visit the office of the Center for International Studies in Reed 214 if they have questions or concerns.There will be representatives from TCU Honors College, TCU Neeley School of Business, TCU Harris College of Nursing and Health Sciences, TCU AddRan College of Liberal Arts, the University of Roehampton in London, John Cabot University in Rome, IES Abroad, IES Internships, CIEE and SIT Study Abroad.The Center for International Studies is responsible for hosting the fair and manages the university’s international programs. According to the Center for International Studies website, their mission is to “empower students to face global realities by providing quality international learning experiences which foster global competencies.”Catherine Leonard, junior strategic communication major, said she loved immersing herself in the London culture and exploring the country.“If you can make going abroad work timewise and financially, you have to do it,” said Leonard. “I honestly think my view on life would still be contained to the TCU bubble if I was not able to go.”For more information about the event and study abroad programs, visit the Center for International Studies in Reed 214, their website or email [email protected] Linkedin + posts TCU places second in the National Student Advertising Competition, the highest in school history Welcome TCU Class of 2025 ReddIt Making the first year count Grace Toupshttps://www.tcu360.com/author/grace-toups/
printOn Thursday nights, some fashion merchandising majors dread going to class. It’s not the classwork or the instructor that they want to avoid — it’s the walk that takes them off TCU’s campus to a building they say that doesn’t have enough workspace for students.In the spring, TCU plans to construct a new building nestled behind the Moudy Complex at the corner of Greene Avenue and West Cantey Street.Isabella Mancini, a sophomore fashion merchandising major, said the walk from Moudy to the off-campus classroom makes some students feel unsafe.“The shuttle doesn’t stop at the building, and it makes it very difficult to get to class,” Mancini said.Students are given 10 minutes of transition time between classes. However, the on-average 12-minute walk makes it hard for some students to get to class on time. Walk from Moudy to Interior Design and Fashion Merchandising building.Because of the far location, students often want to drive, but parking spaces are scarce. The lack of student parking for the current building prevents driving from being an option for many, Mancini explained.The location is not the only problem. According to Kenzie Ashley, a first-year fashion merchandising major, the current building is also rundown and does not have enough space for students to work efficiently.The new state-of-the-art Interior Design and Fashion Merchandizing facility will offer a variety of new spaces for innovation and learning — including four computer labs, a textile testing lab, flexible seminar and jury rooms, and space for archival storage for the TCU historic dress collection. Marketing Coordinator of the College of Fine Arts, Kathryn Dunn, said this is all geared toward providing the best possible environment for TCU students.Dunn said ground will be broken this spring. The completion date is anticipated to be in fall 2019. At that point, TCU students will have an on-campus location with improved space. According to Dunn, this is important for TCU’s Department of Interior Design and Fashion Merchandising to remain competitive with other programs around the nation. Twitter Linkedin ReddIt Fashion merchandising alum Nell Gray Rasmussen’s sketches (Nell Rasmussen/Alum) Colleen Powellhttps://www.tcu360.com/author/colleen-powell/ World Oceans Day shines spotlight on marine plastic pollution Facebook Colleen Powellhttps://www.tcu360.com/author/colleen-powell/ Never too young to make an impact Colleen Powellhttps://www.tcu360.com/author/colleen-powell/ Study abroad adds Stellenbosch, South Africa to its list of destinations + posts Colleen Powell TAGSconstruction Previous articleThe Leap: Five memorable moments (and a whole bunch of tweets) from the 2018 Winter OlympicsNext articleEquestrian comes up short against Oklahoma State Colleen Powell RELATED ARTICLESMORE FROM AUTHOR Welcome TCU Class of 2025 Facebook Fort Worth Music Festival Colleen Powellhttps://www.tcu360.com/author/colleen-powell/ ReddIt Linkedin Twitter Eco-Friendly hair salons look to encourage others to help the environment TCU places second in the National Student Advertising Competition, the highest in school history
January 22, 2021 Find out more Help by sharing this information Al Jazeera journalist Mahmoud Hussein back home after four years in prison Less press freedom than ever in Egypt, 10 years after revolution News EgyptMiddle East – North Africa Detained woman journalist pressured by interrogator, harassed by prison staff News Receive email alerts News Follow the news on Egypt Reporters Without Borders roundly condemns police use violence against journalists covering Egypt’s street protests. It is hard to establish exactly how many journalists have been arrested or physically attacked by police officers in the past 48 hours. According to the latest information obtained by Reporters Without Borders, more than a dozen journalists have been arrested.We urge the Egyptian authorities to allow journalists to work without fear of being arrested or attacked by those who are supposed to protect them. We also call for the immediate release of all the media workers still being held and an end to the blocking of communications. It is essential for the Egyptian people to have access to reliable information about the events of the past few days. News Reporters Without Borders reminds the Egyptian authorities that the United States has urged them not to disrupt online social networks. US secretary of state Hillary Clinton also voiced concern about the arrests of journalists. France has called on Egypt to respect civil liberties including freedom of expression.Here are details of some of the cases of arrests or attacks on journalists:- Daily News reporter Mohamed Effat was arrested at around 6 p.m. yesterday and was taken to the Qasr el-Nil police station. He was then transferred to the Nasr City police station.- Despite having press cards issued by the Egyptian authorities, Associated Press Television News cameraman Haridi Hussein and his assistant, Haitham Badry, were arrested at about 1 a.m. yesterday while filming clashes between protesters and police. They were released this morning.- AP photographer Nasser Gamal Nasser was covering protests on the evening of 25 January when he struck in the face by a stone thrown by a policeman. His right cheekbone was fractured and his camera was broken.- Guardian reporter Jack Shenker was detained after being beaten by plain-clothes policemen while covering demonstrations on the evening of 25 January (read his account: http://www.guardian.co.uk/world/2011/jan/27/egypt-riot-security-force-action?&).- Three journalists with the daily Ash-Shourouq – Ahmed Bihnassawi, Ahmed Abdel Latif and Imen Hilal – were roughed up by police officers on the evening of 25 January. Bihnassawi was hit on the head by a policeman who confiscated his camera. Hilal was attacked by a police officer while covering the protests outside the headquarters of the company Sidnawi. The policeman hit him in the face and smashed his photographic equipment.- Amru Salaheddin, a photographer with the opposition daily Al-Wafd, was arrested today. So too were Ibrahim Mamdouh Siam of Radio Horytna, Samuel Al-Ashy of Reuters and Abdel Rahman Izz ad-Din Imam of Al-Doustour. The police today also arrested Sami Al-Belchy, the deputy editor of the magazine Al-Idhaa wa Al-Tilfaza, Sherif Arif, the deputy editor of Al-Ahrar, and two members of the Journalists’ Syndicate, Mohamed Abdul Quddus and Karim Mahmoud.Facebook and Twitter are reportedly being blocked intermittently. Telephone communications were blocked today in Suez and the surrounding area because of the many protests being organized in response to the death of three demonstrators in yesterday’s clashes in this port city. February 6, 2021 Find out more Organisation EgyptMiddle East – North Africa RSF_en February 1, 2021 Find out more to go further January 28, 2011 – Updated on January 20, 2016 Journalists targeted by police violence, arrests
Southern California Public Radio (SCPR) announced today that Russ Stanton has joined the company as vice president of content. Stanton served as editor and executive vice president of the Los Angeles Times from 2008 until late last year. In his new role, Stanton will be responsible for improving the quality and extending the reach of SCPRâ€™s public service journalism in radio, digital platforms and live events.â€œWeâ€™re very excited to have Russ join our team,â€ said SCPR president Bill Davis. â€œAs a news organization, all of us here have great respect for the Los Angeles Timesâ€”and admiration for the work Russ did there during his tenure as editor. Hiring Russ reflects SCPRâ€™s commitment to providing the highest quality journalism and to creating a public forum to debate the most important issues of the day.â€ Under Stantonâ€™s leadership, the Los Angeles Times won three Pulitzer Prizes and grew its online audience from fifth largest in the country to second among major news sites.In his new position, Stanton will oversee SCPRâ€™s award-winning newsroom; its broadcast programming on 89.3 KPCC-FM in Los Angeles and Orange Counties, 89.1 KUOR-FM in Riverside/San Bernardino metro, and 90.3 KVLA in the Coachella Valley; all of SCPRâ€™s digital content on www.KPCC.org (and related applications); and all of SCPRâ€™s live public events that are becoming an increasingly important part of the organizationâ€™s service to the community.â€œI am very excited to be joining the staff of my favorite radio station,â€ said Stanton. â€œSCPR is a shining example of quality journalism that fosters a better understanding of our region, and I look forward to being part of its continued growth.â€Â SCPR reviewed an exceptional, nationwide pool of candidates before naming Stanton to the content VP position. Lyn Cason, director of Stanton Chase International, led the search process.About 89.3 KPCC, www.KPCC.org and Southern California Public Radio:Southern California Public Radio (SCPR) is a member-supported public media organization operating a growing digital news presence and three FM radio stations in Southern California: Flagship station 89.3 KPCC, Pasadena covers Los Angeles and Orange Counties; 89.1 KUOR, Redlands serves the Inland Empire; and 90.3 KVLA, Coachella covers Palm Springs and the Coachella Valley.KPCC and www.KPCC.org are rapidly growing sources of news to Southern Californians, reaching more than 650,000 people each week. In the last ten years, KPCCâ€™s news department, daily programs and online services have won 300 major journalistic awards. In addition to regular reporting on a wide range of subjects, KPCC produces three daily news and talk programs: AirTalk with Larry Mantle, Patt Morrison and the Madeleine Brand Show. John Rabe hosts a weekly program called Off-Ramp, a distinctive and personal look at life in Southern California.KPCCâ€™s program schedule includes All Things Considered, Morning Edition, Car Talk, A Prairie Home Companion, This American Life and public radioâ€™s other signature programs from NPR, American Public Media, PRI (Public Radio International), and the BBC.Learn more about us at www.KPCC.org, where youâ€™ll find program schedules and descriptions, staff bios, membership and sponsorship opportunities, podcasts, audio streams, blogs, etc. Name (required) Mail (required) (not be published) Website Community News Make a comment Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy 24 recommended0 commentsShareShareTweetSharePin it Business Districts News Southern California Public Radio Names Russ Stanton Content Vice President Former Los Angeles Times editor to oversee SCPRâ€™s news and information service From STAFF REPORTS Published on Friday, August 1, 2014 | 4:39 am More Cool Stuff Subscribe Business News First Heatwave Expected Next Week Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Get our daily Pasadena newspaper in your email box. 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in Daily Dose, Featured, Government, News Home / Daily Dose / Judge Denies Treasury’s Attempt to Reverse Pershing Square’s Dismissal of GSE Lawsuit Judge Denies Treasury’s Attempt to Reverse Pershing Square’s Dismissal of GSE Lawsuit Demand Propels Home Prices Upward 2 days ago Share Save 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. Tagged with: GSE Profits Lawsuits Pershing Square Capital Management U.S. Department of Treasury The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago A U.S. District judge on Wednesday denied the U.S. Department of Treasury’s motion to strike Pershing Square Capital Management’s voluntary dismissal of a lawsuit it filed in August over misappropriation of government funds.Pershing Square CEO William A. Ackman, whose company is the largest non-government Fannie Mae and Freddie Mac shareholder with about 170 million shares and close to $700 million invested in both GSEs combined, filed two lawsuits in August alleging that the sweeping of GSE profits into Treasury, which began in 2012, was unconstitutional. Ackman withdrew one of the suits in November. On Wednesday, U.S. District Judge Royce Lamberth ruled in favor of the huge New York-based hedge fund, writing in his ruling that “(t)his case remains dismissed.”The first Pershing Square suit was filed the U.S. Federal Court of Claims and alleges that the sweeping of GSE profits into Treasury equates to taking private property for public use without “just compensation,” a practice forbidden by the Fifth Amendment of the U.S. Constitution, and created a “windfall” for the government while shortchanging GSE shareholders. The second suit, filed in the U.S. District Court the day after the first complaint, claimed that Pershing Square was denied fundamental shareholder rights and that the Federal Housing Finance Agency (FHFA), conservator for both GSEs since 2008, refused to allow Pershing Square to inspect books and records despite written demands made by Pershing to the FHFA board of directors to do so. The second complaint also calls for all GSE profits being diverted into Treasury to be divided among the GSEs’ shareholders. The second suit is the one Ackman voluntarily dismissed.Lamberth wrote that Treasury sought to reverse Ackman’s voluntary dismissal of the suit because the agency was “(f)rustrated by the fact that the plaintiffs’ voluntary dismissal occurred ‘one business day before Defendants’ planned filing of dispositive motions,'” and that Treasury was “aware that the purpose of voluntary dismissal may have been to permit the plaintiffs to argue that preclusion does not apply to a separate action filed in another federal court.”Two similar lawsuits filed in 2013 by investors Fairholme Funds and Perry Capital were dismissed by Lamberth in late September 2014, with the judge ruling that the sweeping of GSE profits into Treasury was legal under the Housing and Economic Recovery Act. Both Fairholme and Perry have appealed the judge’s decision. Some suggested that Ackman voluntarily dismissed his suit because he anticipated his complaint meeting a similar fate to the other two in Lamberth’s court.”There is no doubt that the plaintiffs voluntarily dismissed their case as part of a broader litigation strategy—and not because they suddenly decided their claims had no merit,” Lamberth wrote in his ruling. “But strategic conduct in the face of high-stakes litigation is not a punishable offense.” About Author: Brian Honea Related Articles GSE Profits Lawsuits Pershing Square Capital Management U.S. Department of Treasury 2015-01-22 Brian Honea January 22, 2015 1,015 Views Previous: CFPB Fines Two Lenders $35.7 Million for Kickback Scheme Next: Delinquency Rate Tumbles in December, Reversing November’s Large Increase Data Provider Black Knight to Acquire Top of Mind 2 days ago Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago
Pinterest Presidential candidate Martin McGuinness was verbally abused as he campaigned at Letterkenny’s St Eunan’s cathedral yesterday.Mr McGuinness was verbally set upon by a Ballybofey man who had been canvassing for Dana outside the Cathedral.Deputy Padraig McLaughlin, who was canvassing along with Martin McGuinness yesterday, said it was an unfortunate incident:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/10/pad1pmabuse.mp3[/podcast] WhatsApp Facebook Dail hears questions over design, funding and operation of Mica redress scheme Twitter Previous articleGardai hunt man who escaped after high speed chaseNext articleGardai make major firework seizures in Moville News Highland Facebook Pinterest Twitter Minister McConalogue says he is working to improve fishing quota Martin McGuinness ‘verbally abused’ during Donegal campaign Need for issues with Mica redress scheme to be addressed raised in Seanad also Google+ Newsx Adverts Man arrested in Derry on suspicion of drugs and criminal property offences released By News Highland – October 17, 2011 Google+ 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report WhatsApp RELATED ARTICLESMORE FROM AUTHOR Dail to vote later on extending emergency Covid powers