A dividend stock I’d avoid if I were you!

first_img Image source: Getty Images. Savills (LSE: SVS) is one big-yielding dividend stock I’m avoiding right now. I don’t care about its inflation-mashing 4.2% forward yield. Its rock-bottom forward P/E ratio around 10 times holds zero appeal either. With home sales on the verge of collapse, I consider the estate agency too risky by far.Brexit uncertainty has been decking business at Savills in recent times. The colossal political and economic uncertainty has seen the number of overall property listings sink during the past couple of years. It’s a saga that remains a long way off being resolved too. The coronavirus crisis though, is a problem that threatens to rip out the heart of the market.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…Sales to slumpA study by home sellers Knight Frank illustrates the point perfectly. It suggests home sales will slump 38% in 2020 to number just 734,000. A small consolation to London-focussed Savills is that there’ll be “slightly smaller falls” in Greater London and in the ‘Prime Central London’ market, according to the data. House prices nationwide will drop 3% year-on-year too, it predicts.In sunnier news, Knight Frank expects sales and prices to rise 18% and 8% respectively in 2021. However, it doesn’t expect next year’s improved market to completely absorb the blow of this year. The agent predicts that “of the nearly 526,000 sales we expect to be ‘lost’ this year, fewer than half will be carried into 2021.”Lockdown to last?Its bearish analysis comes as no surprise. New sales enquiries have dived by almost half since the government published advice for would-be buyers and sellers. In line with other social distancing advice, ministers have advised homeowners “not let people visit your property for viewings”. It has also prohibited calls from estate agents, photographers, energy performance certificate experts and other professionals.It’s hoped the lockdown measures will begin to ease by the summer. But don’t bank on it, I say. We all want to get out and about as soon as possible and the government is eager to loosen the leash. However, a sharply-accelerating infection rate would suggest current timescales could be thrown out the window. Some 5,903 more people tested positive for the coronavirus on Sunday, soaring from 3,735 a day earlier.A dicey dividend stockSavills has taken action on the dividend given what it deems “current uncertainty over the impact of COVID-19 on global real estate market activity in the coming months.” Last week, it said it was axing final ordinary and supplemental interim dividends. Although it added it would consider paying an enhanced interim dividend around the time of its AGM in June.I warn against Savills shareholders getting their hopes up though. Clearly the homes market could be in a state of disarray for the next couple of years, and with this group profits could well tank.The estate agent’s balance sheet is strong and it will look to keep it that way, given current uncertainty. This is a share, therefore, I think will likely disappoint on the dividend front in 2020, and possibly beyond too. 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. 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. Royston Wild | Monday, 6th April, 2020 | More on: SVS A dividend stock I’d avoid if I were you! Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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.center_img “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Simply click below to discover how you can take advantage of this. See all posts by Royston Wild 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.last_img read more

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Who is Johnny Sexton: Ten things you should know about the Ireland fly-half

first_imgCan’t get to the shops? You can download the digital edition of Rugby World straight to your tablet or subscribe to the print edition to get the magazine delivered to your door.Follow Rugby World on Facebook, Instagram and Twitter. 6. He married his childhood sweetheart Laura Priestley in 2013 and the couple have three children together – Luca, Amy and Sophie.When was Johnny Sexton World Player of the Year?7. In 2018, he was named World Rugby’s Player of the Year, which made him only the second Irishman to receive the honour. Hooker Keith Wood won the accolade back in 2001.8. Sexton kicked a late drop-goal against France in Paris in the first round of the 2018 Six Nations to secure an 15-13 victory and put Ireland on their way to a Grand Slam. He also won won Six Nations titles in 2014 and 2015.9. His favourite TV show is the Netflix hit Narcos and his favourite film is Quentin Tarantino’s 2009 release Inglourious Basterds.10. He made his 100th Test appearance against Wales in the Autumn Nations Cup in 2020. Facts and figures about the Leinster and Lions No 10 Who is Johnny Sexton: Ten things you should know about the Ireland fly-halfIreland captain Johnny Sexton is a rugby icon who made his international debut in 2009 against Fiji.The majority of Sexton’s professional career has been spent at Leinster, where he won the European Cup in 2009, 2011, 2012 and 2018, while he also had a two-year stint in Paris with Racing 92 between 2013 and 2015.Related: Johnny Sexton’s Life in PicturesTen things you should know about Johnny Sexton1. Sexton was part of the first Ireland men’s team to beat New Zealand in a Test match, kicking ten points in their 40-29 victory in Chicago in 2016. He was also at fly-half when they beat the All Blacks for a second time, in Dublin in 2018, and provided 11 points from his boot in the 16-9 triumph.2. He has a younger brother, Jerry Sexton, who plays for the Doncaster Knights in the English Championship and has been capped by Ireland U20. Their uncle, Willie Sexton, also won three caps for Ireland.3. Sexton played in all six Tests on the 2013 and 2017 British & Irish Lions tours, which resulted in a 2-1 series win in Australia and a drawn series in New Zealand.How old is Johnny Sexton?4. He was born on 11 July 1985 in Dublin and has a Bachelor of Commerce degree from University College Dublin.5. Sexton is an ambassador for Make-A-Wish Ireland alongside Ireland team-mates Andrew Conway and Keith Earls. Johnny Sexton lines up a kick at goal in the Six Nations (Getty Images) last_img read more

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El Salvador: Missionaries head into the field, face challenges

first_img Bishop Diocesan Springfield, IL Rector/Priest in Charge (PT) Lisbon, ME Rector Belleville, IL Family Ministry Coordinator Baton Rouge, LA Submit an Event Listing Anglican Communion, Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Press Release Service Director of Music Morristown, NJ Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Featured Events Rector Shreveport, LA In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector Washington, DC Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Pittsburgh, PA Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Canon for Family Ministry Jackson, MS An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Submit a Press Release Rector and Chaplain Eugene, OR Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Assistant/Associate Rector Morristown, NJ AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Curate (Associate & Priest-in-Charge) Traverse City, MI Youth Minister Lorton, VA Rector Collierville, TN Course Director Jerusalem, Israel 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 Submit a Job Listing Associate Rector Columbus, GA Rector Smithfield, NC center_img Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Featured Jobs & Calls This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Tags Missioner for Disaster Resilience Sacramento, CA Assistant/Associate Rector Washington, DC Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET 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 Rector Knoxville, TN Rector Hopkinsville, KY Rector Bath, NC Rector Tampa, FL Latin America, Rector Martinsville, VA 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 [Episcopal News Service – San Salvador, El Salvador] For missionaries Tom and Dianne Wilson the most challenging part of service in El Salvador thus far has been learning Spanish.The couple, from Rutland, Massachusetts, and members of St. Francis Episcopal Church in Holden, in the Diocese of Western Massachusetts, arrived on March 4 and have spent the first six weeks of missionary service in the Anglican/Episcopal Church of El Salvador, studying Spanish at the Center for Exchange and Solidarity and living with a host family, completing the Spanish-language immersion experience.“Language is the biggest challenge,” followed by the heat and the mosquitoes, said Dianne Wilson, 65, a retired municipal government tax assessor.Before they arrived, Tom Wilson, 50, said “they had a million concerns” related to being “foreigners in a foreign land,” but that the church has done a great job of welcoming them and helping them to acclimate.The Wilsons first involvement with Episcopal Church missionaries came when they were members of St. Andrew’s Episcopal Church on Martha’s Vineyard, Massachusetts, and part of a support team for a friend who was serving in Kenya. When they moved to St. Francis in 2007, the church had just recently established a relationship with Foundation Cristosal, said Dianne Wilson.St. Francis had committed to tithing 10 percent to the human rights-based community development organization with roots in the Anglican and Episcopal churches operating in El Salvador, but Cristosal didn’t want the money unless church members planned to visit, she said.“When we got there, they were just planning their second trip to El Salvador and I wanted to see the other side of it [missionary service on the ground],” said Dianne Wilson.Tom Wilson, a former finance director for a nonprofit organization, however, wasn’t immediately sold, he said, because the trip didn’t include building anything. Rather than construct “projects” Cristosal works to empower the poor to act for justice and development as equal citizens in a democratic society, and Tom said he didn’t care to have a “kumbaya” moment, but in the end he decided he couldn’t let his wife go to Central America alone.“Human rights-based development is a hard concept, until you see it,” said Tom Wilson, who later became the chair of St. Francis’ mission committee.It was the passion, however, of Cristosal’s executive director, Noah Bullock, that set the Wilsons on the path to missionary service, they said.That was the first of the Wilsons three visits to Cristosal and El Salvador. Their fourth visit came in August 2012, when they spent two weeks living in El Maizal, a small community two-and-a half hours drive from San Salvador and 20 miles from the Guatemala border where the church has a guest house and a farm. The Wilsons will serve out the missionary commitment in El Maizal, and will move there in the coming days.The Wilsons’ main priority, they said, is to teach English as a second language to the community’s children and interested adults, and to manage the guesthouse which, when up and running, can host 12 people.There are about 30 cinderblock homes in the area, and also an Episcopal school. It’s an area that was destroyed by earthquakes in 2001 and rebuilt with the help of Episcopal Relief & Development.In the 1980s El Salvador suffered a brutal civil war, fought mainly over inequality. And in the years following the 1992 United Nations-brokered Peace Accords, the smallest, most densely populated country in Central America has experienced a number of devastating natural disasters. It has one of the highest murder rates in the world. Inequality continues to persist, with some 50 percent of adult population unemployed and 47 percent of people living in extreme poverty.The couple has committed to three years of service, and they understand that the journey will not be easy.“This is a hard life, not to mention what you are going to witness – people live in abject poverty,” said Dianne Wilson. “It’s an incredibly hard life: We are visiting it, they are living it.”The Wilsons are blogging about their experiences here. — Lynette Wilson is and editor/reporter for Episcopal News Service. She is currently based in San Salvador, El Salvador. El Salvador: Missionaries head into the field, face challenges Priest Associate or Director of Adult Ministries Greenville, SC Rector Albany, NY Assistant/Associate Priest Scottsdale, AZ Missionaries Director of Administration & Finance Atlanta, GA By Lynette WilsonPosted Apr 17, 2013 New Berrigan Book With Episcopal Roots Cascade Books Rector (FT or PT) Indian River, MI Cathedral Dean Boise, ID Curate Diocese of Nebraska Associate Priest for Pastoral Care New York, NY Priest-in-Charge Lebanon, OH Associate Rector for Family Ministries Anchorage, AK last_img read more

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What You Should Know About International Schools Before Enrolling Your Kid…

first_img You have entered an incorrect email address! Please enter your email address here By Allen BrownThere are countless reasons a parent might look into international schooling options for their child. Contrary to popular belief, international schools aren’t only for ex-pats and ambassadors’ children. International schools educate children from all different backgrounds. The following will explore all the information you need to know about international schooling options before enrolling your child in one.Before we begin, it’s important to note that every child is different, and no one knows your kid better than you do. Trust your instincts when it comes to selecting the right school, and never be afraid of making changes if something isn’t working out. There is no such thing as one size fits all when it comes to education.International Schools Follow a Standardized and Respected CurriculumOne of the biggest draws of the international schooling system is a rigorous and well-respected curriculum. International schools follow one of a few research-based curriculums designed to leave graduates with as many options for further education and work regardless of the nation they wish to pursue these studies in.Graduating from an international school can ensure that your child’s educational history will be accepted and regarded as equal to education in the country where a university is located. For example, if a child attended an international school in Thailand, like rugbyschool.ac.th/, they would be eligible for university entrance in the United Kingdom or America. Of course, each country has its style of examinations, so your child might have to complete, for instance, the SATs, or something equivalent from another country.Make Sure the School is AccreditedWhen looking for an international school, you want to make sure that the school you’re considering is accredited. An accreditation program is what ensures that the education your child receives will be accepted by universities around the world. Before enrolling your child, make sure that the school can provide evidence of this and that you understand which nations and institutions accept the accreditation.International Schools Have Well-Developed Alumni NetworksIn addition to broadening university prospects, most international schools have highly active networks of alumni. This means that your child will have connections with a series of graduates who are open and willing to offer guidance, support, information, and connections to many different fields of work. Particularly if your child is seeking an unusual profession or one that is structured around who you know, an alumni network can be an excellent benefit.International Schools Are Used To a Wide Range of StudentsInternational schools are designed to work with children from a range of backgrounds with different cultural and linguistic experiences. This can be a massive help if you are moving to another country as your child will be with educators who understand how big of a change it can be and what methods help children adjust to their new school.International Schools Offer Exceptional Extracurriculars and Art ProgramsEven though the standardized curriculum could be called rigorous, international schools also understand the importance of a broad education, including art, music, drama, dance, athletics, and other extracurricular activities. International schools often have newer buildings, tools, and features designed to help facilitate the exploration of these interests.International Schools Offer Developed Language Acquisition ProgramsBecause of the international nature of these schooling systems, many offer stellar language acquisition programs. Studies have shown that learning languages are good for children’s cognitive development and their overall wellbeing. International schools are designed to help kids flourish, no matter where they decide to work and continue their education in the future. Because of this, there tend to be more options for learning new languages than in traditional public school systems.Many International Schools Have Boarding OptionsDepending on your situation, boarding might be something you’re considering. Boarding involves having a child stay overnight at their school either on weekdays or throughout the full semester. This suits families who want their child to get an excellent education but can’t, for whatever reason, live near enough to the school to make daily drop-offs and pickups possible. Many international schools have boarding options and provide healthy, nutritious meals, and all-hour care.The above information includes many important factors to consider with international schools before enrolling your child in one. Again, there is no harm in trying out a school with your kid and deciding it’s not the right fit. Every child has their own needs and learning style, and it’s okay if it takes some time to find what works best for you and your family. Please enter your comment! Share on Facebook Tweet on Twitter TAGSAccreditationAlumni NetworksArtBenefitsBoardingChildrenCulturalCurriculumEducationEnrollingGuideInternational SchoolLinguisticOptionsParentsstudentsVariety Previous article5 Things to do Following a Motorcycle AccidentNext articleDistrict to hold webinar on flood risk reduction; offers free continuing education credits to community associations Denise Connell RELATED ARTICLESMORE FROM AUTHOR Please enter your name here Support conservation and fish with NEW Florida specialty license plate Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 The Anatomy of Fear Save my name, email, and website in this browser for the next time I comment. LEAVE A REPLY Cancel replylast_img read more

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Ethanol Industry Welcomes EPA Approval of E15 for Commercial Marketplace

first_img By Andy Eubank – Jun 16, 2012 Ethanol Industry Welcomes EPA Approval of E15 for Commercial Marketplace Facebook Twitter Previous articleNCBA Pleased with EPA Dust StandardNext articleState FFA Officers Preview Upcoming 83rd Indiana Convention Andy Eubank SHARE Home Energy Ethanol Industry Welcomes EPA Approval of E15 for Commercial Marketplace The U.S. Environmental Protection Agency (EPA) Friday gave the final approval to move forward with the sale of E15 ethanol blends.  The final issue preventing E15 from moving forward focused on residual fuel left in the hose of single hose pumps that would offer E15 and other fuels. Most importantly, this announcement knocks down the lone, significant regulatory hurdle standing in the way of getting E15 into the marketplace for passenger vehicles 2001 and newer. With guidance on that issue from the EPA, fuel providers and retailers wishing to sell E15 can do so provided they register with EPA and follow approved misfueling mitigation protocols.Responding to this news, the Renewable Fuels Association and Growth Energy issued the following statement:“Today’s announcement is a victory for American consumers.  Since filing the Green Jobs waiver three years ago, the ethanol industry has worked extensively with the EPA to meet the conditions they placed on the approval of the waiver last year.  At each step along the way, the industry has done its part to meet these conditions to get E15 into the marketplace.“The ethanol industry is grateful for the support from the White House and the numerous agencies involved in bringing this fuel to the marketplace. Clearly this administration understands that ethanol plays a significant role in reducing our dependence on foreign oil.“Now, America is changing the way it fuels up.  Higher level ethanol blends, like E15, offer consumers greater choice at the pump while further reducing our dependence on imported oil.  From more than three decades, ethanol has been proven a safe and effective fuel component, reducing tailpipe emissions and improving the quality of our air, while simultaneously providing the much-needed octane to help boost engine performance.“Ethanol is reducing our addition to foreign oil, lowering the price of gasoline, and creating domestic jobs that cannot be outsourced.  Offering E15 is a win-win for American consumers seeking the real options of a cost-effective fuel, which leads to a cleaner environment and increased energy security in America.”Source: Growth EnergyACE ReactsThe American Coalition for Ethanol (ACE) today praised the United States Environmental Protection Agency’s (EPA) approval of several retailers to legally sell E15 blends for use in cars built in model year 2001 and newer.The EPA previously approved ethanol producers who want their fuel used in E15, as well as plans for minimizing potential misfueling at the pump, and an independent third-party survey to assure the consistency and quality of E15 ethanol blends nationwide.ACE Senior Vice President Ron Lamberty, says today’s announcement is welcome news.“This announcement means E15 will finally be offered to consumers, and they can decide for themselves what kind of fuel they want to put in their cars. We are confident that when consumers try E15, they will find it’s a safe, quality fuel that costs less than gasoline and runs well in their car, and they will continue to buy it.” Lamberty said.E15 blends were approved for use in cars 2001 and newer earlier this year by the EPA.Source: American Coalition for Ethanol Facebook Twitter SHARElast_img read more

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Trump Escalates Trade War with Additional Talks of Tariffs

first_img Facebook Twitter Trump Escalates Trade War with Additional Talks of Tariffs By Hoosier Ag Today – Jun 20, 2018 President Donald Trump is taking the trade war with China to an unprecedented level that would impose tariffs on nearly every export China sends to the United States. Following the announcement Monday night by Trump that he is seeking an additional $200 billion worth of tariffs, China is looking to retaliate again. Trump says if China does, he would seek to impose another additional $200 billion in tariffs, taxing a total of $450 billion of the $505 billion of Chinese goods sent to the U.S. each year. In its response, China called the extreme pressure from Trump “blackmail,” adding that if the U.S. becomes “irrational” and issues the proposed list of products, China will “have to adopt” strong countermeasures. China has already vowed to impose tariffs on U.S. agricultural products, such as soybeans and pork, and many others, including corn, sorghum and beef.The trade war is proving to be costly to U.S. farmers. University of Illinois agriculture economist Scott Irwin this week on Twitter says the outlook has “moved into disaster territory,” specifically, regarding soybeans. And, Jim Bower of Bower Trading in his daily newsletter wrote: “At this point, it is hard to imagine the trade news getting much worse.” New crop soybean futures have dropped roughly 20 percent since May 29th, and corn futures are down 16 percent since late May.For soybeans, the decline is near a dollar and a half per bushel, representing a loss of more than $6 billion on the 2018 soybean crop. The American Soybean Association Tuesday linked the drop to the trade war, as President John Heisdorffer stated: “Soybean prices are declining as a direct result of this trade feud.” The statement says ASA is disappointed and highly concerned that trade tensions continue to ratchet up rather than de-escalate between the two countries.Farmers for Free Trade is again placing advertisements on cable television showing an on-the-ground look at how current trade disputes are damaging export markets for U.S. farmers. In conjunction with the U.S. Apple Association, the advertisement targets the retaliations to the Section 232 tariffs that include U.S. apples. Airing on television news networks frequently watched by President Trump, the advertisement will run in the immediate aftermath of new retaliatory tariffs being announced on American farm exports from key U.S. trading partners including Mexico, India, Canada, China and the European Union.U.S. apple exports are particularly prone to be hard hit by retaliatory tariffs. Jim Bair, U.S. Apple Association President & CEO, says: “Profit margins in agriculture are razor-thin, or nonexistent,” adding the dispute needs “resolved amicably and quickly.” However, Farmers for Free Trade director Brian Kuehl says the “situation is going from bad to worse.”Source: NAFB News Service SHARE Home Indiana Agriculture News Trump Escalates Trade War with Additional Talks of Tariffs SHARE Facebook Twitter Previous articleFreedom Caucus Farm Bill Support Still UncertainNext article2018 Indiana State Fair Competition Entry Fast Approaching Hoosier Ag Todaylast_img read more

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Supreme court upholds prison terms for defamation and insult

first_img Follow the news on Costa Rica Receive email alerts News RSF_en September 26, 2019 Find out more November 12, 2019 Find out more Eleven organizations from civil society create the Forum on Information & Democracy, a structural response to information disorder 30 countries sign up to “information and democracy” partnership started by RSF News May 9, 2006 – Updated on January 20, 2016 Supreme court upholds prison terms for defamation and insult to go furthercenter_img News News Forum on Information and Democracy 250 recommendations on how to stop “infodemics” November 11, 2020 Find out more Costa RicaAmericas Help by sharing this information Costa RicaAmericas Organisation Reporters Without Borders voiced concern today about a Costa Rican supreme court decision on 3 May rejecting a newspaper lawyer’s petition for article 7 of the press law to be struck down as unconstitutional. The article provides for prison sentences for those who use the media to defame or insult.“We call on the government to reconsider the press law and to begin a debate on the subject with the media and journalists’ associations,” Reporters Without Borders said. “In view of the controversy about the court’s decision to uphold article 7, which seriously limits journalists’ freedom of expression, parliament must now be involved.”First adopted 104 years ago, the article provides for sentences of between one and 120 days in prison for those who defame or insult in newspaper columns, and for the editors that publish them.The petition against the article was filed on 24 February 2004 by Carlos Serrano, the legal representative of the group that owns the daily newspaper Extra, after three of its journalists were convicted under the article. He said its penalties were much too severe compared with the penalties under the criminal code for an attack on a person’s honour, which are limited to fines.Among the supreme court ruling’s many critics is Raúl Silesky of the Instituto de Prensa y Libertad de Expresión (Press and Free Expression Institute), who said upholding article 7 of the press law would “foster self-censorship and undermine Costa Rican democracy.”last_img read more

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Doctrine Of Frustration Under Section 56 Of Contract Act Not Applicable To Lease Agreements : Delhi HC [Read Judgment]

first_imgNews UpdatesDoctrine Of Frustration Under Section 56 Of Contract Act Not Applicable To Lease Agreements : Delhi HC [Read Judgment] LIVELAW NEWS NETWORK22 May 2020 2:02 AMShare This – xIn a notable judgment, the Delhi High Court has held that the doctrine of frustration under Section 56 of the Indian Contract Act is not applicable to lease agreements.This ruling in this case Ramanand vs Dr Gireesh Soni was based on SC precedents which held that Section 56 is applicable only to “executory contracts” and not to “executed contracts”.A contract for lease whereunder the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn a notable judgment, the Delhi High Court has held that the doctrine of frustration under Section 56 of the Indian Contract Act is not applicable to lease agreements.This ruling in this case Ramanand vs Dr Gireesh Soni  was based on SC precedents which held that Section 56 is applicable only to “executory contracts” and not to “executed contracts”.A contract for lease whereunder the lessee obtains possession from the lessor is an executed contract, noted the HC, from a Division Bench judgment of the Delhi HC in Hotel Leela Venture Ltd. v. Airports Authority of India.Referring to the SC precedent in the case Raja Dhruv Dev Chand v. Raja Harmohinder Singh & Anr., AIR 1968 SC 1024, the HC bench of Justice Prathiba M Singh noted that Section 56 of the Contract Act does not apply to cases in which there is a completed transfer.”The above judgment laid down unequivocally that a lease is a completed conveyance though it involves monthly payment and hence, Section 56 cannot be invoked to claim waiver, suspension or exemption from payment of rent. This view of the Supreme Court has been reiterated in T. Lakshmipathi and Ors. v. P. Nithyananda Reddy and Ors., (2003) 5 SCC 150, as also in Energy Watchdog (supra)”, observed Justice Prathiba Singh.The order has come in an application which sought suspension of rent citing the COVID-19 lockdown. The application sought a suspension of the direction passed by the HC in 2017 to pay rent at the rate of Rs 3.5 lakhs per month for a property in Khan Market, New Delhi as a condition for staying the eviction order passed by the Rent Controller Court.’Force Majeure’, ‘Act Of God’ & ‘Doctrine Of Frustration’ Under Indian Contract Act [Explainer]Principle under Section 32 of the Contract Act not applicableReferring to the SC decision in Energy Watchdog v. CERC & Ors., (2017) 14 SCC 80 , the HC observed that in case the contract itself contains an express or implied term relating to a force majeure condition, the same shall be governed by Section 32 of the ICA. Section 56 of the Contract Act, which deals with impossibility of performance, would apply in cases where a force majeure event occurs outside the contract.”The force majeure clause in the contract could also be a contingency under Section 32 which may allow the tenant to claim that the contract has become void and surrender the premises. However, if the tenant wishes to retain the premises and there is no clause giving any respite to the tenant, the rent or the monthly charges would be payable”, the Court observed. However, in the instant case, there was no rent agreement, and hence the Court held that Section 32 was not applicable. Also, the applicant was already under an order of eviction, and was continuing occupation of the premises on the basis of an interim order passed by the HC.”There is no rent agreement or lease deed between the parties and hence Section 32 of the ICA has no applicability. The case is governed by the provisions of the Delhi Rent Control Act, 1958. Section 56 of the ICA does not apply to tenancies. The Tenants also do not urge that the tenancy is void under Section 180 (B)(e) of the TPA. The tenants are also not `Lessees’ as an eviction decree has already been passed against them”, the Court observed. [Contract Act] Sec 32 Instead Of Sec 56 Applies When Parties Agree In Advance On Contingency Which Makes Performance Impossible : SCTemporary non-use of property will not render the lease voidThe Court also held that temporary non-use of premises due to the lockdown which was announced due to the COVID-19 outbreak cannot be construed as rendering the lease void under Section 108(B)(e) of the Transfer of Property Act. The tenant cannot also avoid payment of rent in view of Section 108(B)(l). Mere non-use may not always entitle the tenant for suspension of rent, the Court said, referring to Raichurmatham Prabhakar and Ors. v. Rawatmal Dugar, (2004) 4 SCC 766. No equitable grounds to suspend rentThe Court also held that there were no equitable grounds to suspend rent. It was noted that the premises were in the posh locality of Khan Market in Delhi, where the applicant had been running a footwear shop since 1975 at a monthly rent of Rs 350. The rent was enhanced to Rs 3.5 lakhs per month only in 2017 after the HC order, as a condition for grant of stay for continued use and occupation, after the decree of eviction was passed.The amount being paid, when compared to the prevalent market rent in the area, is on the lower side.  The Court said that “judicial notice can be taken of the fact that the prevalent rent in Khan Market is amongst the highest in the whole of Asia. The amount being paid by the Tenants, though substantial, is on the lower side as compared to other properties in Khan Market”.The Court also observed that the case was not covered by the protective orders passed by the Ministry of Home Affairs during lockdown, as they were intended for the benefit of migrants, students and other stranded persons occupying rented premises.However providing some relief to the tenants, the the Court granted postponement or relaxation in the schedule of payment of rent owing to the lockdown.Click here to download the judgment  Next Storylast_img
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State Cannot Opposes Registering Of FIR When There Is Allegation Of Interpolation In Judicial Records: Jharkhand HC [Read Order]

first_imgNews UpdatesState Cannot Opposes Registering Of FIR When There Is Allegation Of Interpolation In Judicial Records: Jharkhand HC [Read Order] LIVELAW NEWS NETWORK4 July 2020 7:51 AMShare This – xThe Jharkhand High Court on Tuesday directed the Director General of Police, Ranchi to register an FIR on the allegations of tampering and forging of judicial records, leveled by Scheduled Area Regulation Officer. “State cannot opposes registering of an FIR, when there is an allegation of interpolation in Judicial records and there is allegation of forgery. It is the duty of the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Jharkhand High Court on Tuesday directed the Director General of Police, Ranchi to register an FIR on the allegations of tampering and forging of judicial records, leveled by Scheduled Area Regulation Officer. “State cannot opposes registering of an FIR, when there is an allegation of interpolation in Judicial records and there is allegation of forgery. It is the duty of the State in these circumstances to see that an FIR is lodged,” single bench of Justice Ananda Sen observed while expressing surprise that the State Government had chosen to oppose the plea for registration of FIR on such a “serious issue”. The Petitioner, Mathias Vijay Toppo was a SAR Officer in Ranchi. He had moved the High Court stating that in some of the judicial records forgery was committed by replication of his signature. It was also submitted that there were 59 cases that were not even registered in the Trial Register but, had been shown to be disposed by making forgery. Expressing “surprise” on the stance taken by the State, that chose to oppose the petition, the court remarked, “Surprisingly the State is opposing registering of FIR. Learned APP opposes registering of FIR, for reasons best known. The attitude of State is not understood by the Court.” Noting that the allegations in question are very serious, the court recalled the ruling in Ramesh Kumari v. State (NCT) Delhi & Ors., (2006) 2SCC 677, whereby the Top Court had held that when a cognizable offence is made out and commission of the same has been complained of, before the police, the police cannot refuse to register a FIR. “Credibility of the information is not a condition precedent for registering a case. Further in this case taking the face value of the statement made by the petitioner the allegation levelled which is of tampering of court records and forging signature definitely makes out an offence under the IPC. These allegation needs to be investigated,” the bench said. Case Details: Case Title: Mathias Vijay Toppo v. State of Jharkhand & Ors. Case No.: WP (Cr.) No. 371/2018 Quorum: Justice Ananda Sen Appearance: Advocates R. Kirshna and Amit Kumar Sinha (for Petitioner); AAG Ashok Kumar (for State) Click Here To Download Order Read Order Next Storylast_img read more

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Donegal Senator criticises Governement over lack of funding for ferry services

first_img Google+ Donegal retains 14 Blue Flags, Lisfannon is not restored Donegal Senator criticises Governement over lack of funding for ferry services By News Highland – March 26, 2017 RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest Pinterest Today is the 30th anniversary of Eddie Fullerton’s murder Twitter LUH still not ready to restore IT systems Homepage BannerNewscenter_img Google+ Gardai investigate Castlefinn burglary Previous articleLast minute penalty leaves Donegal ruing missed chancesNext articleDonegal Junior League Results – Sunday 26th News Highland WhatsApp Facebook Facebook WhatsApp The Government has been criticised over its refusal to invest in Donegal’s ferry services.The Rathmullan to Buncrana and Greencastle to Magilligan services has previously been funded by Donegal County Council.Senator Pádraig Mac Lochlainn called on Minister Shane Ross to recognise the value the services are to tourism within the county.However, the Minister has stated that funding from both his department and Fáilte Ireland has been ruled out.Senator Mac Lochlainn says it is up to Governments on both sides of the border to invest in the ferry services:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/03/padweb-1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Gardai investigate deaths of two horses on the N56 Andrew McGinley says his children are getting him through life last_img read more

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