Official report: BP shares spill blame

Posted On Sep 4 2021 by

first_img Official report: BP shares spill blame FLAWED risk management at BP as well as at two of its contractors was responsible for the Deepwater Horizon disaster last year, according to an official US inquiry into the incident.The disaster at the Macondo well in the Gulf of Mexico, which killed 11 men and led to the largest ever offshore oil spill, could have been avoided by the British oil giant and its contractors Transocean and Halliburton if better management practices had been in place, says the report. A chapter from the report by the National Commission set up by President Barack Obama amid public anger over the spill says: “Most of the mistakes and oversights at Macondo can be traced back to a single overarching failure – a failure of management. Better management by BP, Halliburton and Transocean would almost certainly have prevented the blow-out.”Yet the report warns a similar catastrophe could happen again should significant reform of the oil industry not take place. It says “systemic failures” by the industry as well as government regulators failed to prevent the spill, which without “significant reform in both industry practices and government policies, might well recur”.The 48-page chapter released today ahead of next week’s full report into the leak points to several “individual missteps and oversights” by BP, Halliburton and Transocean, including inadequate risk evaluation and flawed procedures for securing the well on the ocean floor.It also criticised an apparent lack of attention to key initial signals that a blowout might occur, as well as an “ineffective response” to the situation once the explosion had taken place, including the failure of the rig’s blowout preventer.The three firms at the centre of the chapter are also found to have “clearly saved money” from cost-cutting measures that ultimately contributed to the oil spill.“Whether purposeful or not, many of the decisions that BP, Halliburton, and Transocean made that increased the risk of the Macondo blowout clearly saved those companies significant time [and money],” the report said.BP attracted a large proportion of public anger at the height of the Gulf of Mexico spill, seeing its share price slump to as little as 296p in June, valuing the company at £55.6bn, less than half its peak value of £123.6bn before the disaster. Yet co-chair of the National Commission William K. Reilly today moved the blame solely from BP, concluding there was a “system-wide problem”.A spokesperson for Transocean said: “Consistent with industry standards, the procedures being conducted in the final hours were crafted and directed by BP engineers and approved in advance by federal regulators. Based on the limited information made available to them, the Transocean crew took appropriate actions to gain control of the well. They were well trained and considered to be among the best in the business.”A spokesperson for Halliburton said: “The report acknowledges that cementing an oil well is an inherently uncertain process and things can go wrong even under optimal conditions. Halliburton acted at the direction of BP, as acknowledged in several places in the national commission report.”BP declined to comment. Share whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadavirimi.com14 Efficient Arm Workouts To Build Might & Muscle – Virimivirimi.comadvisor15 Plants that Repel Mosquitoes Naturallyadvisorcutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediaHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestination5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®center_img whatsapp Wednesday 5 January 2011 9:39 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPuffer fish snaps a selfie with lucky divernypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the KCS-content Tags: NULLlast_img read more

Forget buy-to-let! I’d buy these 2 FTSE 100 stocks today to generate a passive income

Posted On Jul 5 2021 by

first_img Investing in buy-to-let properties has been a popular means of generating a passive income for many years. While some investors have been successful in their aim, tax changes and high house prices mean that there may be a better means of obtaining a rising income from the property sector.With many FTSE 100 property companies currently trading on low valuations and offering high yields, buying a range of them within a portfolio could generate high long-term returns. Here are two prime examples of stocks that could be worth purchasing today.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…PersimmonRecent updates from housebuilder Persimmon (LSE: PSN) have highlighted the changes being made to its business model. It is now investing larger sums of capital into ensuring its customers are satisfied with their purchases. This has included delaying completions, which has had a negative impact on the company’s short-term profitability.However, this move could prove to be a sound one in the long run. An improving customer satisfaction rate may help Persimmon to gain a stronger reputation that leads to a more sustainable financial outlook.The company’s shares continue to trade on a low valuation despite a recent uplift for the wider housebuilding sector following the election. The stock has a price-to-earnings (P/E) ratio of just 9.9, while its dividend yield of 8.8% suggests that its total return prospects could be high.With high demand for new homes likely to continue due to a supply shortage and a loose monetary policy, now could be the right time to buy housebuilders such as Persimmon. The company’s strategy could strengthen its position and deliver a growing and sustainable passive income for its investors.LandsecAnother FTSE 100 property company that could offer a growing passive income is Landsec (LSE: LAND). The real estate investment trust (REIT) has reported continued challenges in the retail sector, but this has largely been offset by continued high demand for office space in London.The company has become increasingly innovative in terms of the products it offers to customers. For example, it now has a greater range of flexible office products through its Myo and Fitted brands. They are proving popular, according to its most recent update, and suggest that the company is adapting to changing demands within the office rental marketplace.Landsec currently trades at a significant discount to its net asset value, with its price-to-book (P/B) ratio being 0.7. Alongside a dividend yield of 4.8%, this indicates that the company’s shares offer good value for money due to them having a wide margin of safety versus other FTSE 100 stocks.As such, now could be the right time to buy a slice of the business as Brexit uncertainty continues to weigh on its valuation and the long-term prospects for the UK commercial property market look set to improve. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Forget buy-to-let! I’d buy these 2 FTSE 100 stocks today to generate a passive income Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Peter Stephens | Monday, 6th January, 2020 | More on: LAND PSN See all posts by Peter Stephenscenter_img 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. Simply click below to discover how you can take advantage of this. Peter Stephens owns shares of Landsec and Persimmon. The Motley Fool UK has recommended Landsec. 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. Enter Your Email Address Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997”last_img read more

Church of England, Methodists to consider full communion

Posted On Jun 20 2021 by

first_img Rector Washington, DC TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Ecumenical & Interreligious Rector and Chaplain Eugene, OR Cathedral Dean Boise, ID Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Comments (2) Assistant/Associate Rector Washington, DC Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Church of England, Methodists to consider full communion New Berrigan Book With Episcopal Roots Cascade Books Bishop Diocesan Springfield, IL Rector Martinsville, VA Submit a Press Release Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Collierville, TN Frank Jacobson says: The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Knoxville, TN Rector (FT or PT) Indian River, MI Assistant/Associate Rector Morristown, NJ Tags Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Comments are closed. Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Tom Rightmyer says: Anglican Communion, Course Director Jerusalem, Israel Youth Minister Lorton, VA Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Associate Rector Columbus, GA AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Albany, NY center_img Family Ministry Coordinator Baton Rouge, LA Rector Belleville, IL Priest-in-Charge Lebanon, OH Assistant/Associate Priest Scottsdale, AZ Canon for Family Ministry Jackson, MS Rector Shreveport, LA Curate (Associate & Priest-in-Charge) Traverse City, MI An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Featured Events Submit an Event Listing June 27, 2017 at 10:26 pm Give thanks for Professor Geoffrey Wainwright, a British Methodist teaching at Duke Divinity School, who led in the Lima Declaration Baptism, Eucharist, and Ministry and in the international Anglican Methodist dialogue – and helped form the North Carolina Episcopal United Methodist Dialogue which led to the American Episcopal United Methodist proposal for full communion. The US proposal is similar to the Episcopal Lutheran proposal and will require action by the next two Episcopal General Conventions and by the UMC General Conferences. The Church of Ireland also has a full communion and shared ministry agreement with the Irish Methodists. Submit a Job Listing [Anglican Communion News Service] The Church of England and the Methodist Church in Britain are to consider proposals that would bring them into a new relationship of full communion, after a period of some 200 years of formal separation.The proposals are presented in “Mission and Ministry in Covenant,” a joint report from the two churches’ faith and order bodies. It sets out how the Methodist Church could come to have bishops in the historic episcopate, and how ministers from one church could become eligible to serve in the other.Full article. Curate Diocese of Nebraska June 27, 2017 at 9:48 pm Since the Wesleys remained Anglican clergy all their lives, it would seem logical for us to reunite.As I understood it, separation happened largely because the Anglican Church declined to consecrate bishops for Methodists, John Wesley wrote that he was in favor of celebration of the Lord’s Supper at least on every Sunday. Both Methodists and Anglicans departed from the practice. Anglicans have returned. I would be happy to see Methodists come back too. Posted Jun 27, 2017 Rector Bath, NC Director of Music Morristown, NJ Rector Pittsburgh, PA Associate Rector for Family Ministries Anchorage, AK Rector/Priest in Charge (PT) Lisbon, ME Rector Hopkinsville, KY Press Release Service Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Director of Administration & Finance Atlanta, GA Missioner for Disaster Resilience Sacramento, CA Priest Associate or Director of Adult Ministries Greenville, SC Featured Jobs & Calls Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Smithfield, NC Associate Priest for Pastoral Care New York, NY In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector Tampa, FLlast_img read more

Flyhalf takes out two defenders while never laying a hand on them

Posted On Jun 18 2021 by

first_imgWednesday Jun 5, 2019 Flyhalf takes out two defenders while never laying a hand on them A flanker and a centre in Croatia have come to blows after they both attempted to tackle a flyhalf in a Regional Rugby Championship match in Split. While it may have looked nasty, we’ve been assured that neither player was seriously hurt in the friendly fire. ADVERTISEMENTThe Regional Rugby Championship, or RRC, is a competition that features the best teams from Croatia, Slovenia and Bosnia.In this particular match, ZRS flyhalf Nik Jurišić – who used to play his rugby in Glasgow – made a break from a midfield scrum, resulting in trouble for the RK Nada defence.WATCH: Flanker chops down rudderless runner with thumping legal tackleHe got past his opposite number without too much trouble and then just as he changed direction, beat another two players, who proceeded to clatter into one another.Thankfully, they were both fine, which makes it a little easier to watch the two take eachother out while barely laying a hand on the elusive number ten.Submit your clips via and we’ll share the best of them credit: RRC/Ragbi Klub NadaADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Amateur , See it to Believe it Related Articles 32 WEEKS AGO Viral video of Scottish club brawl goes down… 69 WEEKS AGO RUGBYDUMP BLITZ: This Best of the Week round… 69 WEEKS AGO RD BLITZ – Disaster, just when it looked… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsDoctors Stunned: She Removes Her Wrinkles With This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Greek unions say ‘No!’ to police violence

Posted On Jun 15 2021 by

first_imgThe banner of the Federation of Construction Workers (member of the All Workers Militant Front — PAME) at an anti-police violence march in Greece, March 9.Behind the union banner of the Federation of Construction Workers of Greece bearing the slogan “Money for health and education! No to repression and intimidation!” 5,000 people — by police count — marched in Nea Smyrni on Tuesday, March 9. Nea Smyrni is a small suburb south of Athens.Other banners read: “Cops out of our neighborhoods!” and “Parks are for laughing, not for hearing the words ‘I’m in pain.’”A vicious March 7 beating that police inflicted on a young man who protested cops harassing families at Nea Smyrni’s town plaza went viral on social media. There were recordings of cops threatening to kill protesters, and a number of those altercations, some very intense, were posted on Twitter.A major slogan in the March 9 protest was: “Intimidation will not work; the workers’ struggle will break it.”Over the past months there have been many marches and protests in Greece, mainly by youth and students against police violence and repression. Prime Minister Kyriakos Mitsotakis called for calm on “both sides” Tuesday, but then, as social media posts showed cops acting with open viciousness, apologized to protesters in Parliament Friday and announced that all cops would be given body cameras. ( Both the Greek Communist Party and SYRIZA, a center-left party that previously led the government, have members in Parliament. They are making reining in police violence a major political issue.Greek economyAs part of a COVID-19 control program, the government requires anyone who wants to leave home during lockdown to get permission from police through a text message. This procedure hasn’t prevented COVID from currently spiking in Greece. ( pandemic has completely disrupted Greece’s tourism, a major component of its economy. Greece has to control the pandemic inside the country to have any chance of recovering this sector. But controlling COVID in Greece is not sufficient to boost the Greek economy. Since the 2008-09 worldwide financial crisis, Greece has been in a serious depression, the longest lasting of any developed economy. Under heavy pressure from the International Monetary Fund, big German and French banks and the European Central Bank, Greek governments of various political shades have imposed a series of harsh austerity measures on Greek workers, farmers and fishers.Workers have fought back with a number of one-day strikes and occasionally with longer general strikes, which blunted some of the harshest austerity measures. The All Workers Militant Front (PAME), the union confederation that had a major role in the Nea Smyrni march, has been one of the workers’ organizations leading in the struggle against austerity. FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

All DVB journalists, freelancers and blogger freed under amnesty

Posted On Jun 12 2021 by

first_img May 12, 2021 Find out more News News Organisation Receive email alerts Help by sharing this information MyanmarAsia – Pacific News May 31, 2021 Find out more RSF_en January 13, 2012 – Updated on January 20, 2016 All DVB journalists, freelancers and blogger freed under amnestycenter_img May 26, 2021 Find out more News Reporters Without Borders and its partner organization, the Burma Media Association, hail the release of a number of journalists and bloggers under an amnesty announced today.Journalists working for the Burmese exile radio and TV station Democratic Voice of Burma (DVB) have confirmed that all DVB journalists, including Hla Hla Win, Ngwe Soe Lin, Win Maw, Sithu Zeya and his father U Zeya, two freelance journalists (Thant Zin Aung and Zaw Thet Htwe) and the blogger Nay Phone Latt are among those who have been released.“We are pleased to see the government continuing to advance in the right direction and we urge it to release all the other detained journalists and Internet users. Once all the detainees have been freed, we hope the government will also address the need for reforms and the need to end censorship in Burma.”According to DVB, today’s amnesty was carried out under article 401 (1) of the code of criminal procedure, unlike previous amnesties, which were issued under article 204 de la constitution. This suggested that today’s amnesty did not have the approval of the influential National Defence and Security Council, DVB said.The freelance journalist Thant Zin Aung and the blogger Nay Phone Latt were released from Hpa-an prison in Karen state. As regards the released DVB journalists, Win Maw was being held in Kyaukphyu prison in the western state of Arakan, Hla Hla Win was in Kathar prison in the north of the country, Sithu Zeya was in Henzada prison in the southwest, Ngwe Soe Lin was in Lashio prison in the northeast and U Zeya was in Hsipaw prison in the northeast. The freelance journalist Zaw Thet Htwe was released from Taunggyi prison.Myint Hlaing, a media assistant who had help Hla Hla Win on many occasions and was arrested with her in 2009, was also freed.After leaving prison today, Sithu Zeya said: “As for the president, I think he’s pretty decent as he is (enacting reforms) under a lot of pressure. But also it depends a lot on the men behind him – just one decent person won’t make the change happen. We need all-inclusive cooperation from both sides to build a democratic system.”The blogger and comedian Zarganar was freed from Myitkyina prison in the northern state of Kachin on 12 October under an earlier “general amnesty.” Three other DVB journalists were released in late December.Reporters Without Borders congratulates DVB’s “Free Burma VJ” campaign for the release of all of the DVB video-journalists arrested after covering the 2007 Saffron Revolution and the aftermath of Cyclone Nargis in 2008.Reporters Without Borders is still awaiting news about the blogger Kaung Myat Hlaing (also known as Nat Soe), who has been imprisoned since April 2010, and the following journalists: * Detained since 13 October 2009 – Nyi Nyi Tun – Kantarawaddy News Journal * Detained since 18 June 2009 – Zaw Tun – freelance * Detained since 28 August 2007 – Win Saing – photo-journalist * Detained since 24 March 2006 – U Thaung Sein – freelance photo-journalist * Detained since 24 March 2006 – Ko Moe Htun – Dhamah-Yate * Detained since February 2004 – Ne Min – freelance * Detained since 17 February 1998 – Aung Htun – freelance MyanmarAsia – Pacific US journalist held in Yangon prison notorious for torture to go further RSF asks Germany to let Myanmar journalist Mratt Kyaw Thu apply for asylum Thai premier, UN rapporteurs asked to prevent journalists being returned to Myanmar Follow the news on Myanmarlast_img read more

Fallen Capitol Police officer Brian Sicknick to lie in honor starting Tuesday night

Posted On May 18 2021 by

first_imguschools/iStockBy MEREDITH DELISO, ABC News(WASHINGTON) — Brian Sicknick, the Capitol Police officer who died from injuries he suffered during last month’s violent siege on the U.S. Capitol, will lie in honor at the Capitol Rotunda starting Tuesday night.A ceremonial arrival will start at 9:30 p.m. ET on the east front of the Capitol. The viewing period for Capitol Police members will begin at 10 p.m. and continue overnight, with members of Congress able to view from 7 to 9 a.m. Wednesday. A congressional tribute will be held at 10:30 a.m. Wednesday, followed by a ceremonial departure at noon before Sicknick is interred at Arlington National Cemetery.Due to the COVID-19 pandemic, the ceremony is not open to the public.“The U.S. Congress is united in grief, gratitude and solemn appreciation for the service and sacrifice of Officer Brian Sicknick,” Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer said in a statement announcing the ceremony details. “The heroism of Officer Sicknick and the Capitol Police force during the violent insurrection against our Capitol helped save lives, defend the temple of our democracy and ensure that the Congress was not diverted from our duty to the Constitution. His sacrifice reminds us every day of our obligation to our country and to the people we serve.”In a statement, the family of Sicknick thanked Congressional leaders for “bestowing this historic honor on our fallen American hero.”“We also wish to express our appreciation to the millions of people who have offered their support and sympathies during this difficult time,” the statement continued. “Knowing our personal tragedy and loss is shared by our nation brings hope for healing.”Sicknick, 42, will become the third Capitol Police officer to lie in honor at the Capitol, joining officer Jacob Chestnut and detective John Gibson, who were both killed in the line of duty in 1998.Rev. Billy Graham most recently received the rare tribute in 2018, preceded by Rosa Parks in 2005.Sicknick was one of five people who died as a result of the Jan. 6 siege. Two responding officers — Metropolitan Police Department officer Jeffery Smith and Capitol Police officer Howard Liebengood — also died by suicide afterward, according to acting MPD Chief Robert Contee.Sicknick died on Jan. 7 at the hospital. Details regarding the direct causes of his injuries were unknown, his family said in a statement at the time. The U.S. attorney’s office in Washington, D.C., has since opened a federal murder investigation into his death.All flags at the Capitol were flown at half-staff in his honor on Jan. 8.Sicknick joined the Capitol Police in 2008. He previously served six years in the New Jersey Air National Guard.The New Jersey native was deployed to Saudi Arabia in 1999 and to Kyrgyzstan in 2003, according to the New Jersey National Guard. He was honorably discharged in 2003.He leaves behind his parents, two brothers and his girlfriend of 11 years.ABC News’ Mariam Khan and Jack Date contributed to this report.Copyright © 2021, ABC Audio. All rights reserved.last_img read more

Prudential tries to soften blow as it axes 2,000

Posted On May 12 2021 by

first_imgPrudential has promised to try to cushion the impact of itsdecision to cut 2,000 jobs over the next 12 months through natural turnover andredeployment.The company announced last week that it is shedding the jobsbecause it is to replace its entire direct sales force with a much smallerspecialist staff of qualified advisers, creating a saving of £135m a year.John Elbourne, chief executive of Prudential’s UKoperations, said, “The drive for lower pricing in the UK means it is no longereconomic for us to maintain a large, salaried ‘face-to-face’ workforce.Technology is revolutionising our industry and customers are accessingfinancial products and financial advice in different ways.“We will take every step to minimise the number of job cutsthrough natural turnover and redeployment, and ensure the best possibletransition and support for everyone affected. “We have started a consultation process with employeerepresentatives over these proposals.”Prudential is to invest in its telephone and Internetservice to try to secure new sales.The present sales force of 1,400 will be replaced by asmaller specialist force who will provide a face-to-face financial planningservice.Dave Parsons, regional officer for the MSF, is unhappy withthe way Prudential made the announcement. He said, “We were particularlydisappointed that we were not consulted until the morning of the announcement.“At the moment it is a proposal but as soon as it goes intothe public domain it is much more difficult to influence.“We will be examining the proposal in detail and making surethey give us all the numbers. We will try to keep as many people as possiblebut it is an extremely sad day.” Previous Article Next Article Prudential tries to soften blow as it axes 2,000On 20 Feb 2001 in Personnel Today Comments are closed. Related posts:No related photos.last_img read more

Derek Jeter relists lakefront estate outside NYC with $2M price cut

Posted On May 12 2021 by

first_img hamptons-weeklytristate-weekly Tags Share via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Derek Jeter and the lakefront mansion (Getty, Redfin, Wikipedia Commons)Yankees Hall of Famer Derek Jeter has relisted his lakefront mansion outside New York City with a $2 million price cut.The five-time World Series champion swung and missed on the first offering, and is now asking $12.75 million for the Greenwood Lake mansion, according to Mansion Global. Jeter and his wife Hannah, first listed the 12,000-square-foot home in 2018, then pulled it from the market a year later.The castle-style property was built in the early 1900s and overlooks the town’s namesake lake. It has six bedrooms, twice as many bathrooms, a large turret and a replica of the Statue of Liberty.Jeter, who is now CEO and part owner of the Miami Marlins, bought the two parcels that make up the 4-acre property in 2003 and 2005, for a total of $1.6 million. In September, the Jeters listed their 30,800-square-foot Tampa mansion  — aka St. Jetersburg — for $29 million.ADVERTISEMENT[MG] — Dennis Lynchlast_img read more

Red Sox legend David Ortiz shot at club in Dominican Republic, father says

Posted On May 8 2021 by

first_img FacebookTwitterLinkedInEmailChristian Petersen/Getty Images(SANTO DOMINGO, Dominican Republic) — Boston Red Sox legend David Ortiz was shot at a nightclub in the Dominican Republic late Sunday, according to his father. The bullet entered Ortiz’s back and exited through his abdomen, according to Ortiz’s father, Leo, who spoke to reporters outside the hospital in Santo Domingo where he is being treated. His father said Ortiz was out of surgery just after midnight and he is in stable condition.No organs were compromised, according to his father.Leo Ortiz happily told reporters outside the hospital, in Spanish, “Big Papi will be around for a long time.”An investigation into the shooting has been opened, but police said in a brief statement they do not believe the motive was robbery.The suspect in the shooting was immediately roughed up by onlookers and taken to the hospital for treatment. He was treated and released into police custody.“They called to tell me that David is injured and that they took him to a medical center, but they did not tell me how he is or exactly where he was transferred,” Leo Ortiz told ESPN via telephone earlier in the evening from the Dominican Republic.“At the moment, everything is confusing. I’m trying to find out where they took my son,” Ortiz’s father added.The slugger was born in Santo Domingo, Dominican Republic, and is not just one of the biggest baseball players in the country’s rich history of the sport, but one of its most well-known celebrities overall.The shooting took place at Dial Bar and Lounge, a nightclub in the nation’s capital, according to ESPN. CCTV footage acquired by ABC News shows a crowded bar with people scattering after the shots are fired and Ortiz, sitting at the bar, appearing to grab his side.“Our thoughts are with David Ortiz, who is reportedly hospitalized after being shot in his hometown of Santo Domingo, Dominican Republic,” MLB tweeted on its official account.The Red Sox released a statement of their own later in the evening, saying, “Late last night we were made aware of an incident involving David Ortiz in the Dominican Republic. David’s family has confirmed that he sustained a gunshot wound to the lower back/abdominal region. David is being treated at Clinica Abel Gonzalez in Santo Domingo where he is recovering after surgery.”“We have offered David’s family all available resources to aid his recovery and will continue to keep them in our hearts,” the statement continued.Ortiz, 43, won three World Series — in 2004, 2007 and 2013 — and was one of the biggest pieces of breaking the so-called curse of the Boston Red Sox.Lovingly known as “Big Papi,” he was a 10-time All-Star, seven-time Silver Slugger winner and finished in the top 5 in MVP voting five times. He was also the World Series MVP in 2013.Hall of Fame pitcher Pedro Martinez, a legend in the Dominican Republic in his own right, and a former teammate with Ortiz on the 2004 champion Red Sox, tweeted, “I’m at peace knowing you out of danger, you a strong man Compai, can’t wait to hear your voice.”Ortiz walked away from baseball in 2016, still at the top of his game. He hit .315 and led the league in doubles and runs batted in, but held fast in his decision to walk away as he had announced months earlier.He finished his career with 541 career home runs, 17th all-time, and was eighth all-time in extra-base hits (1,192) and 12th all-time in doubles (632).Copyright © 2019, ABC Radio. All rights reserved. June 10, 2019 /Sports News – National Red Sox legend David Ortiz shot at club in Dominican Republic, father says Written bycenter_img Beau Lundlast_img read more