Trade rumours have been quieter than usual in this most unusual of seasons, so it's time to take matters in our own hands and match talent with Stanley Cup contenders.
Trade rumours have been quieter than usual in this most unusual of seasons, so it's time to take matters in our own hands and match talent with Stanley Cup contenders.
Pregnant women should be offered the COVID-19 vaccine, according to the latest government advice. The UK's vaccine advisor has said that women who are pregnant should be offered the Pfizer and Moderna vaccine at the same time as the rest of the population based on their age and clinical risk group. Until now, pregnant women had been advised not to get a jab because of a lack of data on the impact of taking it at any stage of the pregnancy.
James C. Nicola, whose tenure as artistic director of Off Broadway’s New York Theatre Workshop included the development of such prominent stage works as Rent, Once, Hadestown, What the Constitution Means to Me, Slave Play and David Bowie’s Lazarus, will leave the post next year, the company announced today. “In July of 2022, I will […]
Veterans United Home Loans and realtor.com® have launched the Stars, Stripes and Summer $100K Veteran Homebuyer Giveaway. The promotion is the ninth sweepstakes collaboration between Veterans United and realtor.com® to give back to military Veterans and service members to say thank you for their service.
RIO DE JANEIRO — More than a dozen Senate Democrats sent a letter to U.S. President Joe Biden on Friday complaining of a woeful environmental track record by his Brazilian counterpart, Jair Bolsonaro, and urging him to condition any support for Amazon preservation on significant progress reducing deforestation. The letter was signed by senators including Patrick Leahy, chairman of the Appropriations Committee, and Bob Menendez, chairman of the Foreign Relations Committee. It comes just days before Biden is expected to meet with Bolsonaro and other foreign leaders at a U.S.-organized climate summit that was a major plank of his campaign pledge to more aggressively fight climate change. The letter seems aimed at curtailing a fledgling bid by Bolsonaro, a far-right climate skeptic who was a staunch ally of former President Donald Trump, to refashion himself as a willing partner of Biden on the environment in the hopes of securing billions of dollars in foreign aid to promote sustainable development in the Amazon. The senators warn that failure to slow deforestation will also affect their willingness to support Brazil’s bid to join the Paris-based Organization for Economic Cooperation and Development — a long-sought goal of Bolsonaro. The 15 senators, who also include former presidential candidates Bernie Sanders and Elizabeth Warren, said they support co-operation on the Amazon between the U.S. and Brazilian governments, but questioned Bolsonaro’s credibility. “President Bolsonaro’s rhetoric and policies have effectively given a green light to the dangerous criminals operating in the Amazon, allowing them to dramatically expand their activities, ” the senators wrote in the letter obtained by The Associated Press, citing recent reporting on abuses by Human Rights Watch. A U.S.-Brazil partnership “can only be possible if the Bolsonaro administration begins to take Brazil’s climate commitments seriously — and only if it protects, supports, and engages meaningfully with the many Brazilians who can help the country fulfil them,” the lawmakers add. Bolsonaro has sided with powerful agrobusiness interests, cast aspersions on environmental activists and snarled at European leaders who decried deforestation in the Amazon as destruction of the world's largest rainforest has surged toward its worst level since 2008. On the campaign trail, Biden proposed countries provide Brazil with $20 billion to fight deforestation and said the country should face repercussions if it fails. At the time, Bolsonaro labeled Biden’s comments as “regrettable” and “disastrous.” Bilateral talks on the environment with Brazil began on Feb. 17, led by Biden’s special climate envoy, John Kerry, The two sides have held regular technical meetings in the run-up to the April 22-23 climate summit, which is taking place online due to the coronavirus pandemic. Brazil is striving to show its shift in rhetoric amounts to more than empty talk. In a seven-page letter addressed to Biden on April 14, Bolsonaro recognized that his government needs to boost its performance curtailing illegal logging. He also said he supports sustainable development with economic alternatives for the region’s impoverished residents and that he is committed to eliminating illegal deforestation by 2030. To accomplish those goals, he said Brazil will require outside resources, adding that aid from the U.S. government would be “very welcome.” Rubens Barbosa, a former Brazilian ambassador to the U.S., said it remains to be seen whether the tone of Bolsonaro's letter will match his speech at the summit. Brazil's Environment Minister Ricardo Salles recently told reporters he is seeking $1 billion in foreign assistance to support efforts to reduce deforestation by 30% to 40% in 12 months and that, without that sum, he would be unable to set a target. Brazilian spending to protect the environment has been sliding for years, and under Bolsonaro the ministry's budget outlook plunged another 25% this year, the lowest level in two decades. The ministry didn't respond to an AP request for comment about its proposals. The U.S. senators argue Biden must see success before writing a check. They argue Bolsonaro has derided the environmental regulator and sabotaged its enforcement capabilities, sought to weaken protections for Indigenous territories, exhibited contempt for environmentalists and been reluctant to curb lawlessness that fuels destruction and violence. “Any U.S. assistance to Brazil related to the Amazon should be conditioned on the Brazilian government making significant, sustainable progress in two critical areas: reducing deforestation and ending impunity for environmental crimes and acts of intimidation and violence against forest defenders,” the senators wrote. Climatologists have warned that continued deforestation will push the Amazon beyond a tipping point, and its subsequent decomposition would release hundreds of billions of tons of carbon dioxide, making the Paris Agreement’s climate goals even harder to achieve. However, Brazil has shown itself capable of driving down Amazon deforestation in the past, having reached all-time low in 2012. That started ticking upwards in the years thereafter, then exploded in the first year of Bolsonaro’s administration and rose again last year. Amid outcry from European governments and threats of divestment by institutional investors, Bolsonaro in 2019 placed the army in charge of tamping down deforestation, despite experts' criticism that soldiers are both costly and untrained for such missions. Preliminary data indicates deforestation has started declining from its record level, though it remains well above the average of the preceding decade. Vice-President Hamilton Mourão, a general who leads the program, announced earlier that the army-led program will end at the end of April, returning enforcement duties to environmental agencies. “Brazilian officials have been scrambling to present Bolsonaro as a committed ally of the Biden administration on climate issues,” said Daniel Wilkinson, who runs Human Rights Watch’s environmental program. “His new climate-friendly rhetoric simply cannot — and should not — be taken seriously in the absence of actual results.” The senators' rebuke comes amid a flurry of domestic efforts in Brazil to cast Bolsonaro’s administration as a bad-faith negotiator. More than 200 nongovernment organizations and networks signed a letter that said climate negotiations with the U.S. and other foreign governments are taking place out of the public view and that no Amazon solutions can be expected from closed-door meetings. They said talks shouldn’t advance until Brazil has cut deforestation rates. A video produced by the Association of Brazil’s Indigenous Peoples also warned Biden not to trust Bolsonaro to negotiate the Amazon’s future. Barbosa, who was Brazil’s ambassador to the U.S. for both centre-right and leftist governments from 1999 to 2004, said Bolsonaro will face difficulty overcoming the “credibility gap” created by his newfound discourse about fighting deforestation and the negative results of the last few years. “Those two things must be reconciled,” he said. “Until then, no one will enter into serious negotiations with Brazil to transfer resources.” ___ Goodman reported from Miami. David Biller And Joshua Goodman, The Associated Press
In recommending AGAINST the transaction ISS agreed with Capital Returns that the process was suboptimal, the valuation is uncompelling, and the downside risk to rejecting the transaction is low. NEW YORK, April 16, 2021 (GLOBE NEWSWIRE) -- Capital Returns Management, LLC (together with its affiliates, “Capital Returns”), beneficial owner of 147,752 shares of Class A common stock of FBL Financial Group, Inc. (“FBL” or the “Company”) (NYSE: FFG), today issued the following statement welcoming the recommendation from leading proxy advisory firm Institutional Shareholder Services (“ISS”) that shareholders vote AGAINST the proposed merger of FBL with Farm Bureau Financial Property & Casualty Insurance Company (“FBPCIC”): “We are pleased that ISS is recommending that shareholders vote against this deal. The proposed merger materially undervalues FBL and was the result of a flawed process rife with conflicts of interest. The $56 price is grossly inadequate and fails to reflect FBL’s strategic importance to FBPCIC. Given the significant appreciation in life insurance company valuations since the time of the negotiation, the deal offers no real premium to FBL shareholders and there is limited downside risk when shareholders reject this low-ball offer.” In its report, ISS concluded: 1 “Given the suboptimal process, uncompelling valuation, and low downside risk of non-approval, the standalone scenario appears to be a more attractive alternative to the offer. As such, shareholders are recommended to vote against the proposed transaction under the current terms.” ISS also noted the following:1 In the deal, shareholders “would be cashing out below the company's trading range pre-COVID, at a time when interest rates have just begun to rise and would be giving up an annual special dividend.”“Our analysis … concurs with the dissident's argument that the proposed offer does not represent an adequate premium to unaffiliated shareholders.”“The performance of the [S&P 500 Health & Life Insurance Index] and the company's more direct peers appear to validate the dissident's argument that [FBL] shareholders are receiving a minimal premium based on today's valuation.”“The rally in the sector since the announcement also suggests that that downside risk of non-approval may be limited.”“The discount to the three-year historical trading ranges – which appear more relevant based on the interest rate environment – seems to contradict the board's assertion that it has negotiated a premium on behalf of unaffiliated shareholders.”“[T]he company has a robust capital position, has historically paid an attractive annual special dividend, and will benefit from rising rates. Its unique mutually beneficial relationship with IFBF and FBPCIC provides access to a niche market. These attributes appear to be valued favorably by investors, as evidenced by premium trading valuations relative to its peers.”“[…] our analysis nonetheless concurs with the dissident's argument that the proposed offer does not represent an adequate premium to unaffiliated shareholders.” As outlined in our investor presentation dated April 6, 2021, Capital Returns continues to believe that: The transaction is rife with conflicts of interest;The special committee received flawed analysis from its financial advisors;The negotiating process was lackluster at best;The consideration is well below the value implied by comparable transactions and fails to reflect FBL’s strategic importance to FBPCIC;The acquisition proposal offers no real premium to shareholders; andThere is limited downside risk to rejecting the proposal and for FBL to remain independent. Capital Returns encourages its fellow shareholders to review its presentation, its proxy materials, and its shareholder letters, all of which are available at https://saratogaproxy.com/capitalreturns. Capital Returns intends to vote AGAINST the proposed merger and urges all FBL shareholders to vote AGAINST the proposed merger on the GOLD Proxy Card based on the concerns highlighted by ISS and as identified in our proxy materials. About Capital Returns Management: Capital Returns is a sector focused fund that invests exclusively in the insurance industry. 1Permission to quote was not sought or granted. Emphasis added. CONTACT: Investor & Media contacts: Ronald Bobman Capital Returns Management (212) 813 0860 John Ferguson Saratoga Proxy Consulting (212) 257-1311 email@example.com
Excess cash in the financial system has pressured overnight interest rates, in some instances pushing them negative, which, analysts said, could prompt the Federal Reserve to lift the short-term rates it manages. The overnight repurchase rate, which measures the cost of borrowing short-term cash using Treasuries or other debt securities as collateral, dropped to as low as -0.06% in late March and hit that level again on Wednesday, before stabilizing at around 0.01% on Friday. The U.S. secured overnight financing rate (SOFR), a short-term reference rate replacing the benchmark London interbank offered rates (LIBOR), has been pinned to 0.01% since about March.
The Guardian view on Line of Duty: more about our politics than our policingIt’s no surprise that a story about corruption in public life is so popular ‘Line of Duty appeals not just because of the outrageous plotting, but because it touches a raw nerve in British society.’ Photograph: Screen Grab/World Productions
SALT LAKE CITY — Dwyane Wade is an NBA owner. The Utah Jazz announced Friday that the 13-time NBA All-Star will join the youngest ownership group in the league. The group is headed by technology entrepreneur Ryan Smith, who along with his wife, Ashley, acquired majority interest in the Jazz in late 2020. Wade and Smith have known each other for several years and had discussed working with each other in various capacities. “Dwyane is not only a basketball legend, he is also a great leader, businessman, and human being,” Smith said in a statement. ”As we continue to build on the incredible legacy of the Utah Jazz franchise, we are excited to add Dwyane’s experience and expertise to the equation. Utah is an amazing place and I couldn’t be more thrilled about the future of the franchise and the future of this state. Dwyane’s influence will be important to both.” Wade played 16 NBA seasons with Miami, Chicago and Cleveland before retiring after the 2018-19 season. He won three NBA titles and had his No. 3 jersey retired by the Heat last month. “Partnering with Ryan and the Utah Jazz is the perfect fit as we share the same vision and values,” Wade said. “Not only is this group focused on building a championship franchise, they are also committed to using their platform to do good and actively create a more inclusive, equitable world. We share a lot of the same goals and are trying to go the same places in life.” ___ More AP NBA: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports The Associated Press
Talking Horses: Harry Skelton kicks clear in jump jockeys’ title raceWinners at either end of the Ayr card took the leader four clear of his big rival Brian Hughes in the race for the championship Harry Skelton wins on Faivoir at Cheltenham earlier this week. Skelton is four winners clear of Brian Hughes in the championship race. Photograph: Steven Cargill/racingfotos.com/Rex/Shutterstock
TORONTO, April 16, 2021 (GLOBE NEWSWIRE) -- (TSX: PFIA) Picton Mahoney Asset Management announced today that it has declared the April 2021 monthly cash distribution of $0.0421 per unit for the ETF units (“ETF Units”) of the Picton Mahoney Fortified Income Alternative Fund. Unitholders of record of the ETF Units, at the close of business on April 23, 2021, will receive a per-unit cash distribution payable on April 30, 2021. About Picton Mahoney Asset Management Picton Mahoney Asset Management specializes in differentiated investment solutions and rules-based volatility management. Picton Mahoney helps its clients fortify their portfolios based on experience honed over the years through different market cycles and investing environments. Founded in 2004 and 100% employee-owned, Picton Mahoney is a portfolio management boutique entrusted with over $8.7 billion (as at March 31, 2021) in assets under management. Pioneers of Authentic Hedge® investment principles and practices in Canada, the firm offers a full suite of investment solutions, including mutual and alternative funds, to institutional and retail investors across the country. Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Alternative funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale. For further information please contact: Arthur Galloway Picton Mahoney Asset Management Tel: (416) 955-4108 Web site: www.pictonmahoney.com Email: firstname.lastname@example.org
You could borrow from your home to eliminate the debt, but beware of risks.
A vocal critic of President Jair Bolsonaro is expected to lead a congressional inquiry on the government's handling of the coronavirus pandemic, five sources told Reuters, a blow to the far-right leader's chances of emerging unscathed from the scrutiny. The probe will investigate whether Bolsonaro's handling of the pandemic has been negligent. Renan Calheiros, a former president of the Senate who has clashed with Bolsonaro, is expected to lead the inquiry, said the sources, requesting anonymity because the decision is not final.
The latest news on COVID-19 developments in Canada (all times Eastern): 1 p.m. Ontario's science advisers are calling for the stay-at-home order to last six weeks. The COVID-19 Science Advisory Table says the extended shutdown combined with a vaccination rate of at least 100,000 doses per day is the only way to flatten the curve of new infections. They say that without stronger measures, the province could see 20,000 new daily cases by the end of May. The province is seeing record-high COVID-19 hospitalizations, and has requested that other provinces send any health-care workers they can spare. --- 12:55 p.m. Manitoba is expanding eligibility for COVID-19 vaccines among the general public. The minimum age has dropped by two years -- to 37 and up for First Nations persons and 57 and up for others. Health officials are also finalizing a plan announced earlier to start prioritizing firefighters, police officers and some front-line workers. They say details will come next week. --- 12:30 p.m. The federal government has secured eight million additional doses of Pfizer's COVID-19 vaccine, to be delivered by mid-summer. Procurement Minister Anita Anand says the first additional four million shots will arrive in May, followed by two million in June and another two million in July. Anand said the company will also move another 400,000 doses from the third quarter into June. Canada's initial shipment of approximately 300,000 doses of the Johnson & Johnson vaccine will arrive during the week of April 27, Anand said, to be delivered to the provinces at the beginning of May. --- 11:11 a.m. Quebec is reporting 1,527 new COVID-19 cases today and seven more deaths attributed to the novel coronavirus, including one in the past 24 hours. Health officials say hospitalizations rose by three, to 664, and 167 people were in intensive care, a rise of eight. The province says it administered 74,927 vaccine doses on Thursday, a single-day record. Quebec has reported a total of 334,071 COVID-19 infections and 10,785 deaths linked to the virus. --- 11:05 a.m. Procurement Minister Anita Anand says Canada's incoming vaccine supply from Moderna will be slashed in half through the rest of April. Anand says in a statement that Moderna will ship 650,000 doses of its vaccine to Canada by the end of the month, instead of the expected 1.2 million. Moderna said the limited supply is due to a "slower than anticipated ramp up" of its production capacity. Anand says the company also told Canada that one to two million doses of the 12.3 million scheduled for delivery in the second quarter may be delayed until the third quarter. Anand adds the federal government will continue to press Moderna to fulfill its commitments. --- 10:50 a.m. Police in a city east of Montreal say they are investigating an alleged attempt to illegally gain access to COVID-19 vaccines at a pharmacy. Repentigny, Que., police say they were told of an incident at a Jean Coutu pharmacy that took place on April 11 where someone allegedly impersonated a vaccine inspector. Several media reports cite an internal Jean Coutu memo saying a man presented himself to one of the company’s pharmacies pretending to be a security firm representative and asking to inspect the vaccines. His attempt was rebuffed by staff. A spokeswoman for Groupe Jean Coutu declined to comment and Repentigny police say they took statements and are reviewing surveillance footage. --- 10:40 a.m. Ontario is reporting 4,812 new cases of COVID-19 today, reaching a new peak for a second day in a row. It's also reporting 25 more deaths related to the virus. The province could announce more public health measures today in an effort to rein in surging infections. Yesterday's tally also marked a new record, at 4,736 cases. --- 10:05 a.m. Nunavut is announcing 12 new cases of COVID-19 today, all in Iqaluit. On April 14, the city of about 8,000 people announced its first case since the pandemic began. The city is under a strict lockdown, with all non-essential businesses, government offices and schools closed. There are 13 active cases of COVID-19 in the territory, all in Iqaluit. --- 9:30 a.m The Canadian Medical Association is calling for "extraordinary" measures to address the COVID-19 crisis unfolding in several provinces. The CMA says it wants the federal government to consider re-prioritizing its vaccine distribution strategy to focus on urgent areas instead of distributing to provinces on a per-capita basis. The organization also says provinces should be sharing their health-care resources with areas that are especially hard-hit, including Ontario and Quebec, where intensive care capacity is overwhelmed. The CMA says further restrictions "must also be considered" in provinces experiencing rapid rates of COVID-19 transmission. --- This report by The Canadian Press was first published April 16, 2021. The Canadian Press
We’ve got questions, and you’ve (maybe) got answers! With another week of TV gone by, we’re lobbing queries left and right about shows including Falcon and Winter Soldier, Shameless, All Rise and The Circle! 1 | Couldn’t have For All Mankind‘s jarhead astronauts have learned a few key phrases in Russian so they didn’t end up […]
This little guy lets us all go to the movies at home — and it's now 40 percent off.
Mexico will expand teacher vaccinations to five additional states next week as the country moves toward in-person learning. President Andrés Manuel López Obrador said Friday the government will give teachers the single-dose CanSino vaccine to speed up their return to the classroom before the end of the school year in July. Teachers in the Gulf coast state of Campeche were the first to receive vaccinations earlier this year.
The actress was best known for roles in Peaky Blinders and James Bond.
Holley merging with SPAC Empower Ltd. (NYSE: EMPW) Leader in $34 billion fragmented auto enthusiast market Profitable company with 113-year legacy Sales in 2020 +25% to $580 million; 3x biggest competitor Trades at just 10x 2021 Ebitda, well below comparable companies Fox , Thule, YETI Expanding into products for performance EVs Active M&A pipeline, recently […]
Hollywood provided another sign of California easing out of COVID lockdown mode as UTA disclosed Friday that the agency is set to reopen its Beverly Hills offices to vaccinated employees on a voluntary basis starting June 15. Employees who decide to return to work at UTA’s offices in Beverly Hills, Nashville, London and New York […]
The day after Prince Philip's death, Sophie, Countess of Wessex tearfully told people gathered outside Windsor Castle that "the Queen has been amazing"