Growth shares, particularly in the US, have been falling so far this week on concerns that rising long-term interest rates will derail a historic surge in the share prices of fast-growing companies. This has implications for the UK market, particularly technology-related shares like Scottish Mortgage and other highly rated shares that trade on high P/E ratios.Pressures on growth sharesThe other problem facing such shares that have done well under lockdown is that now investors are probably increasingly looking to shares that will do well once lockdown lifts. With Boris Johnson laying out his roadmap and airlines consequently reporting a surge in bookings, the shares that have done well are possibly looking to some to be rather expensive.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…If the conditions that have allowed the likes of Ocado to grow rapidly change, it may still be a good company, but will the shares seem overvalued? Will earnings rise as quickly as they did in 2020?My personal opinion is that growth shares that can be bought at a reasonable multiple of earnings, perhaps with a P/E of, say, less than 25, could still do well over the long term. If they have a moat (that is, barriers to entry), then that’s an indicator they may still do well in years to come. As such, I’d be happy to add them to my investment portfolio.But in the short term, I expect growth shares will continue to struggle if vaccinations continue to be rolled out successfully. Time for value shares?This raises the prospect that in the short term, could value shares provide larger returns? Shares in banks, oil majors, travel companies, retailers, office and retail landlords have become lowly rated – on the whole – because of the pandemic. For example, the P/E of Lloyds Banking Group is 11.Yesterday British Land, Barclays, and International Consolidated Airlines Group were among the highest risers on the FTSE 100, which tells a story of what investors are thinking now. On the other side, Scottish Mortgage Investment Trust, Avast and Just Eat were the three biggest fallers from the same index.It’s hard to know if this trend will continue beyond this week, though I suspect it might. That said, it’s an uncertain situation and I’m not planning to base my next investments based solely on what’s happening in the market right now. For me, the objective is still to build a long-term portfolio. Therefore, some value shares — especially those that might continue to do well for many years into the future — as well as growth shares are likely to be added to my investment holdings. Once again, the pandemic is throwing up opportunities for a long-term investor like me. I hope as we come out of lockdown that the economy will grow. I think that will provide a boost for the stock market and for share prices. Simply click below to discover how you can take advantage of this. Image source: Getty Images. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Andy Ross owns no share mentioned. The Motley Fool UK has recommended Avast Plc, Barclays, British Land Co, Just Eat Takeaway.com N.V., and Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Andy Ross Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. 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. Why are growth shares struggling? Andy Ross | Wednesday, 24th February, 2021 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.
215/2 Barney St, Southport.Earlier in the day, a Surfers Paradise apartment sold for $155,000.After initially pausing for negotiations, the buyer raised their bid to $155,000 before the property was called on the market and sold.The property, on the sixth floor of Diamonds is described as “affordable” with views of the ocean and city. 215/2 Barney St, Southport sold for $132,000.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach Northless than 1 hour ago02:37International architect Desmond Brooks selling luxury beach villa20 hours agoIt is the cheapest sale so far at the auction bonanza, held at the RACV Royal Pines Resort.“I’ll give you a bottle of champagne for the lowest opening bid,” auctioneer Phil Parker said after bidding started at just $60,000.Described as the cheapest CBD apartment in Southport, the property offers views of the city skyline and the Gold Coast Broadwater. 215/2 Barney St, Southport sold for $132,000 under the hammer.A GOLD Coast apartment in the heart of Southport sold under the hammer for $132,000.The one-bedroom apartment was offered to the market at Ray White Surfers Paradise Group’s The Event, held on the Gold Coast on Sunday. 61/19 Orchid Ave, Surfers Paradise. 61/19 Orchid Ave, Surfers Paradise sold for $155,000.
With many state legislatures in full swing, state responses to changes in the NOL deduction made by the Tax Cuts and Jobs Act of 2017 (P.L. 115-97) (TCJA) are becoming more clear. States differ in how they treat the changes on state corporate income tax returns, but the responses are closely tied to state conformity. Being aware of these changes and the trends in state responses can provide tax planning opportunities for corporate income taxpayers.Net Operating Losses under the Tax Cuts and Jobs Act of 2017The TCJA made several important changes to the rules governing net operating loss carryover deductions that impact state taxes. These changes include:limiting the NOL deduction to 80% of taxable income in the carryforward year;eliminating the NOL carryback period; andallowing an indefinite NOL carryforward period.NOLs sustained prior to the effective date of these changes are governed by prior law.Before the Tax Cuts and Jobs Act (TCJA) was enacted, a NOL could be carried back two tax years and carried forward up to 20 years. A limitation based on taxable income was also not imposed by the Code.How Are States Responding to the 80% Limitation?Under TCJA, while the new carryforward period is indefinite, the NOL deduction is limited to 80% of taxable income in the carryforward year. This change prohibits corporations from using NOLs to completely eliminate tax liability.Most state responses are determined by whether the state NOL deduction is based on the IRC, or more specifically, IRC Sec. 172. States like Alaska and Florida expressly reference IRC Sec. 172 in their controlling statute. As such, they follow the new 80% limit.However, the majority of states are not impacted by this change at this point.How Are States Responding to Elimination of the Federal NOL Carryback Period?The elimination of the two-year federal carryback period has not impacted many states’ carryback periods. This is largely because many states did not permit carrybacks prior to the enactment of TCJA.A small minority of states that expressly conform to the federal carryback period are seeing a decrease in their state’s carryback periods. For example, Delaware and Georgia specifically follow federal law in regards to federal NOL carryback periods.Additionally, some states have recently enacted legislation to eliminate the NOL carryback period. For example, Utah passed a law prohibiting NOL carrybacks in July 2018. Prior to enactment, a Utah net loss could be carried back three taxable years.How Are States Responding to Indefinite Federal NOL Carryforward Period? The largest group of states seeing a change resulting from the TCJA changes are those that conform the state carryforward period to IRC Section 172(b). These states provided a 20 year carryforward period, but now allow NOLs to be carried forward indefinitely. Examples of states impacted in this way include:Colorado;District of Columbia;Florida;Georgia; andSouth Carolina.By Catherine S. Agdeppa, J.D.Login to read more on CCHAnswerConnect.Not a subscriber? Sign up for a free trial or contact us for a representative.
None of the documents that the Pune Police relied on to implicate trade unionist and human rights lawyer Sudha Bharadwaj in the Elgar Parishad case are admissible in law, her lawyer told the Bombay High Court on Friday. Arguing for her bail before a single Bench of Justice S.V. Kotwal, advocate Yug Chaudhry submitted a compilation of documents to the court, and said they contained papers seized from the hard disks of the others accused in the Bhima-Koregaon violence, but none from any device at Ms. Bharadwaj’s house.He said there is no evidence apart from the printouts from the others’ computers. He said, “It is not [the prosecution’s] case that [Ms. Bharadwaj] was there at Elgar Parishad and Bhima-Koregaon, and the only single witness in the case is the investigating officer.”Mr. Chaudhry said not a single document from the compilation is admissible in law. He said the prosecution has relied upon printouts and originals. Referring to the affidavit filed by the Pune Police, he said the documents were not produced by the computers, but were copied from the computers of the co-accused. So they could be scanned or downloaded from somewhere.He said the letters are not dated, so cannot be linked to Ms. Bharadwaj by handwriting analysis. The letters are unsigned, unverified and unauthorised as per Section 161 (examination of witnesses by police) of the Code of Criminal Procedure and none of them were seized from the residence of Ms. Bharadwaj.He said, “What we have are typed unsigned letters from A to B found at C’s computer mentioning something about [Ms. Bharadwaj].” He said for a document to be admissible in law, its authorship and truth has to be proved. Reading from the affidavit filed by the prosecution, Mr. Chaudhry said, “According to them, the role of the accused was not peripheral, but vital.” He read out a letter, whose image was found on the computer of jailed activist Rona Wilson: “on January 2, 2018, there was a mohalla meeting of special female naxal members and people attending the meeting were Shoma Sen and Sudha Bharadwaj.”Mr. Chaudhry said, “Shoma Sen is a retired professor of literature of the Nagpur University and Ms. Bharadwaj is a professor at National Law University, Delhi. She is the president’s representative in selecting a vice chancellor for the State of Chhattisgarh.” He said, however, as per the call detail records, Ms. Sen was in Mumbai and Ms. Bharadwaj was in Faridabad on the day in question. The hearing will continue on September 4.
Whether people are attending a concert or a basketball or ice hockey game at the Schottenstein Center, they often only see the finished product. One Ohio State student recently attended an ice hockey game and found himself curious about the transition process. “I wondered about it during the hockey game,” said Randy Norman, a fourth-year in computer science and information. “I didn’t know if they could hold a basketball and ice hockey game in the same weekend.” In fact, that sort of thing happens often. For one particularly tight conversion, Steve Lind, conversion manager at the Schottenstein Center, said they were able to convert from the basketball court to the ice rink in two hours and 10 minutes. Lind said that result is not typical. Usually it takes closer to three-and-a-half hours to convert from the basketball court to the ice rink, he said. The most difficult conversion is going from the ice rink back to the basketball court, a process that usually takes about four-and-a-half hours, Lind said. “It’s a lot more cosmetic,” he said. Setting up the basketball court involves piecing together 225 individual wooden pieces, along with adding extra rows of seating. The ice rink has less seating to install, but has 182 pieces of glass that make up the rink. In all, the Schottenstein Center holds more than 20,000 people for concerts, 19,500 people for basketball games and 17,500 for ice hockey games. To cover the ice during basketball games and concerts, protective flooring is placed over the ice. The speed with which they accomplish the conversion depends heavily on the size of the crew. Lind said the average conversion crew has 20 to 25 members. The crew that set the record had more than 40 members. Maintaining the ice surface during the season, and throughout multiple conversions, is the responsibility of custodial services manager Ray Williams. It’s a process that isn’t as difficult as it used to be, due in large part to the advancement of the Zamboni. “It’s labor intensive, but the Zamboni does its job,” Williams said. Williams said the Zamboni removes any imperfections the conversion process might cause in the ice. The ice, formed at the beginning of the hockey season in October, takes between 50 and 60 hours of labor to form, he said. Williams described the process in detail. First, the concrete floor beneath the ice is regulated to 10 degrees. Twelve miles of piping are laid under the floor that runs the cooling system. Then, a thin layer of water is sprayed onto the ice. Once it’s frozen, the ice is painted white. The lines follow and the center ice logo is put in place. The logo, which is made of mesh, is placed at center and freezes into the ice. Williams said the process of placing the logo takes only 10 to 15 minutes. When they had to paint the logo, the process took about six hours. Once the logo is in place, the ice is built up until it is between one-and-a-quarter and one-and-a-half inches. In all, 10,000 gallons of water is used to create the surface. The ice is kept at 18 degrees when the protective flooring covers it and 14 degrees when it is uncovered. Williams said the surface temperature of the ice fluctuates because of overhead lighting. The ice is melted in March after OSU’s hockey season. Converting the Schottenstein Center is a large task, but it is not the process that strikes Lind, but rather who is involved in the process. “Ninety-eight percent of the crew is Ohio State students,” Lind said. “I think that’s pretty neat.”
Former Ohio State guard JaQuan Lyle will play basketball for New Mexico beginning in 2018-19. He will sit out his first year, per NCAA . Credit: Mason Swires | Former Assistant Photo EditorMonths after junior guard JaQuan Lyle quit Ohio State’s men’s basketball team, he has reportedly found a new home. Lyle is headed west to play for and attend New Mexico, according to TheLoboLair.com.He will have to sit out the 2017-18 season, per NCAA transfer rules, since he has not graduated. Lyle was arrested and charged for three misdemeanors – public intoxication, criminal mischief to a vehicle and disorderly conduct – May 13. Later that day, an Ohio State spokesman told The Lantern Lyle had quit the team April 11.Tuesday evening, Ohio State coach Chris Holtmann told season ticket-holders that he did not expect Lyle to return to Ohio State. He said he consulted the players on a decision about whether to entertain Lyle’s return.“We’ve also involved our entire team in some of those decisions that were made,” Holtmann said. “Obviously they were here and I wasn’t.”Last season, Lyle averaged 11.4 points per contest and led the Buckeyes with 142 assists in 31 games, including 24 starts. He was the final player from Ohio State’s 2015 recruiting class on the Buckeyes’ roster. Now, all five are enrolled and playing at different universities.Lyle isn’t the only former Ohio State men’s basketball player in the state. A.J. Harris, who was also a member of the Buckeyes’ 2015 recruiting class, transferred to New Mexico State after the 2015-16 season and will be eligible to play this upcoming season.
Ohio State defensive coordinator Greg Schiano gives junior defensive end Jonathon Cooper (18) a high-five as he comes off the field in the fourth quarter of the game against Michigan State on Nov. 10. Ohio State won 26-6. Credit: Casey Cascaldo | Photo EditorGreg Schiano had things to talk about heading into the Maryland game. The Ohio State defensive coordinator discussed his defense’s improvement on limiting missed tackles, the play of sophomore safety Brendon White, the stability of the linebacker position and the return of redshirt senior Dante Booker. But there was something he knew he had to address. According to a report by Brett McMurphy, a staff writer from Stadium, Ohio State head coach Urban Meyer covered up a verbal altercation between former wide receivers coach Zach Smith and former wide receiver Trevon Grimes that allegedly took place during a practice in September 2017. The report stated that Smith had used racial slurs when speaking to Grimes, leading to his transfer to Florida in December 2017. When asked about this, Schiano wanted to make something perfectly clear. “One thing I learned a long time ago in coaching is Saturday is going to come,” Schiano said. “Whatever time kickoff, this week, it’s noon. Noon is coming. Whether you are ready or not, nobody cares.” That does not mean the players and the coaching staff are ignoring the allegations made in this report. Meyer said in the Big Ten Coaches Teleconference Tuesday that he was “irate” and the players were “over-the-top irate” when they heard about the report. “They were extremely upset that that kind of accusation would be made about something that is absolutely not tolerated, and quite honestly, the most preposterous thing I ever heard being involved in college athletics,” he said. Ohio State offensive coordinator Ryan Day echoed Meyer’s feelings from the teleconference, saying, “all of that stuff is foolishness.” But he said the team came out Tuesday and practiced like it always did. However, for the offensive coordinator, he saw there were clearly things on the minds of the players and the coaching staff. “Today was just one of those things where a lot of people were just shaking their head like they don’t quite understand where that all comes from,” Day said. “But this team is strong. This team is galvanized from a lot of different reasons, but yeah, this would be another example of that.” This is something Day is used to. He was the interim head coach for Meyer when he was placed on paid administrative leave on Aug. 1 and through the first three games of the season when Meyer was suspended after reports claimed he knew about domestic violence allegations made against Smith. Smith was dismissed from the program on July 23. He said, despite the off-the-field storylines Ohio State has gone through, it has not bothered the team, giving credit to the culture and the leadership of its captains. But the players did not stay quiet when the report was released. “There are a lot of guys that are angry about that,” Day said. “You can tell right when it happened. People came out and said a lot of stuff and denied any of that stuff, but I think in this situation here, everybody was just kind of appalled by the whole thing.” Ohio State redshirt senior wide receivers Parris Campbell and Johnnie Dixon were quick to rally support against the report, saying they witnessed the altercation between Smith and Grimes and the report of the use of a racial slur was false. “You think a group of African American young men will sit there and let something like this happen?” Dixon said in a tweet. “Say what you want but this isn’t true at all.” When asked about the report, junior defensive end Jonathon Cooper stated his allegiance to Ohio State and the football program. “All I have to say to that is I love my teammates, I love this university,” Cooper said. “I know we have good people here and good guys and it’s a really great program.” There are players and coaches angry in response to McMurphy’s report. But Schiano said, with the formula Meyer has set up in the Ohio State football program, it takes an extreme situation to “break you out of your routine.” The defensive coordinator said the best way to deflect attention about the report is to not get involved because, he said, there are bigger things to worry about. According to Schiano, there is a difference in this report and the allegations made in it from McMurphy. But when Saturday arrives, it does not matter. “On Saturday at noon, nobody cares about that,” Schiano said. “All they care about is do we do our job and do we win the game. So you can get distracted, but get ready because you are going to get it a week from now.”
London-based blogger/influencer Adebola Sowemimo states she has experienced “racism at its finest” in Greece. The travel blogger was stunned when she was arrested for indecent exposure and though she had been acquitted of the charges, according to the tweet she posted on Saturday, she felt traumatised.She claims that Greek authorities pushed her out of the Acropolis Museum for “breaching sexual decency” before arresting her at the Acropolis for flashing her body. She claims that the accusations are fabricated.Ms Sowemimo states that she was screamed at and accused of lifting her skirt, but she states that this is “false testiment” and untrue.“I went to the Acropolis in Athens today and I was pushed out of the museum because I was apparently wearing inappropriate clothing,” she stated on social media.READ MORE: Climate change a threat to Acropolis and other ancient monuments, scientists say“I was screamed at and pushed out of the building while being screamed at in Greek.“Police were called and a false testament was made against me that I was lifting my skirt and flashing my body to the public. This is a LIE.”Ms Sowewimo states that she was not offered a translator and was provoked and ridiculed by the Greek police.Despite the incident, she felt “really uplifted” by the outpouring of support she had received online. And she added the #travellingwhileblack hashtag to her social media description of the incident.READ MORE: Resignations over Acropolis wheelchair lift failure I went to the @acropolis in Athens today and I was pushed out of the musem because I was apparently wearing inappropriate clothing. This is what I wore pic.twitter.com/mHyXKFbQlU— Adebola| Travel & Lifestyle (@mybreakingviews) August 1, 2019 Facebook Twitter: @NeosKosmos Instagram
Want to play some of the very best games in the Lego series? WB Games has joined up with the Humble team to provide over $150 worth of PC games for as little as $12. And with a portion going to charity, this is a no brainer for Lego fans. • Humble Lego Games BundleIf you’re only willing to put down a dollar, you’re still eligible to get two awesome Lego games. With the first Lego Harry Potter and Lego Batman installments, you’ll be entertained for well over 20 hours on your Windows PC.Spend at least $1Lego Harry Potter: Years 1-4Lego BatmanGo above the average bundle price, and you’ll be rewarded with another Lego Harry Potter game, the second Lego Batman game, and the Lego Movie game.Beat the averageLego Harry Potter: Years 5-7Lego Batman 2 DC Super HeroesThe Lego Movie – VideogameWilling to drop 12 bucks? Then you’ll get everything above alongside the third Lego Batman game, Lego Worlds, and Lego City Undercover. At this level, you’re getting the full $169 worth of PC games.Spend at least $12Lego City UndercoverLego WorldsLego Batman 3: Beyond GothamPlus, some of your purchase will benefit the ESA Foundation and a participating non-profit of your choice. And if you’d like to customize how much money goes to each, just use the “Choose where your money goes” sliders.Sale Ends: May 14th, 2019 at 11:00AM PTNote: Terms and conditions apply. See the Humble site for more information.For more great Humble deals, go to TechBargains.