Julia Vinograd http://juliavinograd.com/ Tue, 11 May 2021 03:26:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 https://juliavinograd.com/wp-content/uploads/2021/04/cropped-hh-32x32.png Julia Vinograd http://juliavinograd.com/ 32 32 Malvern Bancorp (MLVF) Top Q2 earnings estimates https://juliavinograd.com/malvern-bancorp-mlvf-top-q2-earnings-estimates/ Mon, 10 May 2021 21:45:09 +0000 https://juliavinograd.com/malvern-bancorp-mlvf-top-q2-earnings-estimates/

Malvern Bancorp (MLVF) came out with quarterly profit of $ 0.30 per share, beating Zacks’ consensus estimate of $ 0.19 per share. This compares to a profit of $ 0.25 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents a surprise profit of 57.89%. A quarter ago, this holding company for Malvern Federal Savings Bank was expected to post a profit of $ 0.25 per share when it actually produced a profit of $ 0.30, offering a surprise by 20%.

In the past four quarters, the company has beaten consensus EPS estimates three times.

Malvern Bancorp, which is part of the Zacks Banks – Northeast industry, reported revenue of $ 7.97 million for the quarter ended March 2021, missing Zacks’ consensus estimate of 2.34%. This compares to revenue of $ 7.76 million a year ago. The company has beaten consensus revenue estimates twice in the past four quarters.

The sustainability of the immediate move in stock prices based on recently released numbers and future earnings forecasts will depend primarily on management comments on the profit call.

Shares of Malvern Bancorp have added about 21.3% year-to-date compared to the S&P 500’s 12.7% gain.

What’s next for Malvern Bancorp?

While Malvern Bancorp has outperformed the market so far this year, the question that comes to investors’ minds is, what’s next for the stock?

There are no easy answers to this key question, but the company’s earnings outlook is a reliable metric that can help investors address it. This not only includes the current consensus earnings forecast for the coming quarter (s), but also how those expectations have changed in recent times.

Empirical research shows a strong correlation between short-term stock market movements and trends in earnings estimate revisions. Investors can track these revisions on their own or rely on a proven scoring tool like Zacks Rank, which has impressive experience in harnessing the power of earnings estimate revisions.

Prior to the release of these results, the trend in estimate revisions for Malvern Bancorp was mixed. While the magnitude and direction of estimate revisions may change as a result of the company’s newly released earnings report, the current state results in a Zacks # 3 (Hold) rank for the stock. . Thus, stocks are expected to move in line with the market in the near future. You can see the full list of current Zacks # 1 Rank (Strong Buy) stocks here.

It will be interesting to see how the estimates for the coming quarters and the current year evolve in the days to come. The current consensus EPS estimate is $ 0.23 on $ 8.4 million of revenue for the next quarter and $ 1 on $ 33.07 million of revenue for the current year.

Investors should be aware that the outlook for the industry can also have a significant impact on the performance of the stock. In terms of Zacks industry rankings, Banks – Northeast is currently in the top 10% of the 250+ Zacks industries. Our research shows that the top 50% of industries ranked by Zacks outperform the bottom 50% by a factor of more than 2 to 1.

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To read this article on Zacks.com, click here.

BMTX) to Announce First Quarter 2021 Results and Host Webcast https://juliavinograd.com/bmtx-to-announce-first-quarter-2021-results-and-host-webcast/ Mon, 10 May 2021 12:51:00 +0000 https://juliavinograd.com/bmtx-to-announce-first-quarter-2021-results-and-host-webcast/


3 Monster Growth stocks still undervalued

A poor jobs report didn’t derail the markets last week. New jobs in April totaled just 266,000, well below the expected 978,000, and the official unemployment rate, which was expected to hit 5.8%, actually edged up to 6.1%. Even so, the technology-weighted NASDAQ gained 0.88% in Friday’s session, the larger S&P 500 rose 0.75% by the end of the day. These gains took the S&P to a new all-time high, gaining 13% year-to-date. Market growth so far this year has been widespread, based on a general economic reopening as corona panic narrows in the rearview mirror. Widespread market gains create a positive environment for growth stocks. Using the TipRanks database, we extracted three stocks that fit a profile: a buy rating from Wall Street, recent stock appreciation that is sharply outperforming all markets, and considerable upside potential, indicating that ‘they can still be undervalued. Here are the details. Crocs (CROX) We’re going to start in footwear, where Crocs took the world by storm almost 20 years ago, when they started selling their brand of foam clogs. The shoes were big, bright, and even tacky – but they caught on and succeeded, and the company has since branched out into more traditional footwear, including sandals, sneakers, and even dress shoes. The brand has become popular with teens, who see it as ‘ugly chic’ and retro – but have driven sales. And increasing sales is the point of the game. The company’s quarterly revenue hit its recent low in the fourth quarter of 2019 and has since recorded 5 consecutive quarter-over-quarter gains, with the last three also being year over year earnings. The most recent quarterly reports, released last month for 1Q21, showed $ 460.1 million on the high line, a company record and a 63% year-over-year gain. EPS, at $ 1.47, was down from $ 2.69 in the fourth quarter – but up more than 800% from the 16 cents recorded in the quarter last year. This gain helped to cap a year in which CROX shares have appreciated 374% and are still on the rise. Crocs’ outperformance caught the attention of Piper Sandler analyst Erinn Murphy, who is ranked in the top 10% of Wall Street stock market professionals. “We commend the Crocs team for their continued execution, disciplined inventory and account management, and underlying reinvestments in the health of the brand. Additionally, with strong visibility in Q2 (sales forecast + 60% to 70%) and 2H estimates progressing easily with strong backlog plans to boot, we think bears worried about the sustainability of the Brand dynamics will need to hibernate for an additional 12 months, ”Murphy noted. To that end, Murphy gives CROX an overweight (i.e. buy) rating, and his price target of $ 140 suggests he’s up about 29% over the next 12. month. (To look at Murphy’s track record, click here) It’s clear Wall Street generally agrees with Piper Sandler’s take on Crocs. The stock has 8 recent reviews, including 6 buy and 2 hold, giving the stock its Strong Buy consensus rating. The share price is $ 108.92 and the average target of $ 123.75 indicates room for growth of around 14% over the coming year. (See CROX stock review on TipRanks) Cleveland-Cliffs, Inc. (CLF) We will continue our growth stock review with Cleveland-Cliffs. This Ohio-based mining and steel company has four active iron mines in northern Minnesota and Michigan. The company started out as a miner and in 2020 acquired two steel companies, AK Steel and ArcelorMittal USA, and has become both self-sufficient in the steel industry, from earth to foundry, and the largest North American producer of flat rolled steel. The company has seen its shares rise significantly in recent quarters, thanks to rising revenues. CLF is up 393% from that period a year ago, surpassing the S&P’s 44% gain in one year. The Cleveland-Cliffs increase came as the company generated more than $ 1 billion in revenue for four consecutive quarters. The most recent quarter, 1Q21, posted $ 4.02 billion on the top line. Although slightly lower than analysts’ expectations, that total was up 84% from the fourth quarter and almost 10 times higher than the $ 385.9 million in the quarter last year. On the earnings side, CLF posted modest net income of $ 41 million in the quarter, or 7 cents per share. This is a solid turnaround from last year’s quarter net loss of $ 52 million, or 18 cents per share. The earnings and profit gains are seen as a benchmark for the company, which is entering its first full year as a self-sufficient iron miner and steelmaker. In addition to starting the year on a positive note, the company also boasted $ 1.8 billion in liquidity. Lucas Pipes, 5-star analyst at B. Riley, writes of Cleveland-Cliffs: “With near-term cash flow expected to be robust ($ 2.3 billion forecast for 2021), the company expects use excess cash flow to aggressively reduce debt. We see low leverage as a strategic priority for the company at this time, as it proves the benefits of its fully integrated model. In our opinion, Cleveland-Cliffs represents the most attractive value of the space. The comments confirm Pipes’ buy rating, and he sets a price target of $ 24 that implies upside potential of 56% year-on-year. (To view Pipes’ track record, click here) Overall, the street view of CLF is currently divided evenly down the middle. 3 purchases and 3 withholdings correspond to a consensual moderate purchase rating. The average price target is $ 25.40 and implies that analysts see the stock rise by about 20% from current levels. (See CLF stock market analysis on TipRanks) Atlas Air (AAWW) Last but not least, Atlas Air, a $ 2 billion player in the aviation industry. Atlas operates as a freight airline and passenger charter service, and an aircraft rental company for other airlines, leasing aircraft as well as air and ground crew services. The company controls a fleet of Boeing commercial jets, including 747s, 777s, 767s and 737s, configured for a variety of roles. As one can imagine, Atlas saw its business decline during the corona pandemic – but was able to weather the crisis due to the long-term nature of most of its leases. The top line is up 33% year-over-year for 1Q21, to $ 861.3 million. Profits, at $ 3.05 per share, are positive, and although they were down $ 6.20 in the fourth quarter, they are up 238% from the quarter last year. The company expects business to continue this year as demand for air cargo exceeds supply given the rapid pace of economic reopening. Over the past 12 months, Atlas Air has seen strong share growth, rising 108%. Still, Truist’s 5-star analyst Stephanie Benjamin believes the stock has more room to grow. “We believe that AAWW’s diverse fleet and international reach positions the company favorably to capitalize on the increased demand for air cargo due to the global growth of e-commerce and continued supply chain disruptions. Additionally, while AAWW was a ‘beneficiary of COVID’, we believe its increased focus on long-term contracts over the past year has fundamentally strengthened its business model and should provide greater revenue / profit visibility. in the future, ”said Benjamin. Unsurprisingly, Benjamin is pricing the stock at Buy, with a price target of $ 95 which implies a 28% rise this year. (To see Benjamin’s track record, click here) Overall, Wall Street agrees with Benjamin’s call on this. and all are to be bought, which is the unanimity of the Strong Buy consensus rating. With an average price target of $ 86.67 and a current price of $ 74.03, this stock is up 17% one year (see AAWW stock analysis on TipRanks). For great ideas for stocks traded at attractive valuations, check out the Best Stocks to Buy from TipRanks, a newly launched tool that brings together all the information about TipRank stocks. Disclaimer: The opinions expressed in this article are those of featured analysts only. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

IDFC First Bank Q4 Results: Profit climbs 78% to Rs 128 crore https://juliavinograd.com/idfc-first-bank-q4-results-profit-climbs-78-to-rs-128-crore/ Sun, 09 May 2021 04:06:00 +0000 https://juliavinograd.com/idfc-first-bank-q4-results-profit-climbs-78-to-rs-128-crore/ NEW DELHI: Saturday reported a 78 percent rise in net profit to Rs 128 crore for the fourth quarter ended March 2021. The private sector lender reported profit of Rs 72 crore in the corresponding quarter from January to March one year ago.

Total income in the fourth quarter rose to Rs 4,834 crore from Rs 4,576 crore in the same period of fiscal 20, IDFC First Bank said in a regulatory filing.

On the asset front, gross non-performing assets (NPA) or bad debt as a percentage of gross loans as of March 31, 2021, rose to 4.15% from 2.60% the previous year at the same period.

At the same time, net NPAs also rose to 1.86% from 0.94% in March 2020.

As a result, the provision (other than tax) and contingencies have increased to Rs 603 crore from Rs 412 crore in the same quarter a year ago.

In the fourth quarter of fiscal 21, the bank released Rs 324 crore from provisions made for a telecommunications account based on the market value of the instruments and took additional provisions of Rs 375 crore for COVID-19 which is carried over to the next financial year for the unprecedented. situation resulting from the second wave of COVID-19 in India, he said.

For the full year 2020-2021, the bank recorded a profit of Rs 452 crore against a loss of Rs 2,864 crore in the previous fiscal year.

Total income during the year rose to Rs 18,221.5 crore from Rs 18,029.7 crore the previous year.

“Including the Rs 3000 crore equity raised through QIP on April 6, 2021, our overall capital adequacy is strong at 16.32 percent. We maintain high levels of liquidity with a liquidity coverage ratio of 153 percent “, IDFC First Bank MD V Says Vaidyanathan.

OCBC’s first quarter profit more than doubled to record $ 1.5 billion, Bank News and Top Stories https://juliavinograd.com/ocbcs-first-quarter-profit-more-than-doubled-to-record-1-5-billion-bank-news-and-top-stories/ Fri, 07 May 2021 03:43:13 +0000 https://juliavinograd.com/ocbcs-first-quarter-profit-more-than-doubled-to-record-1-5-billion-bank-news-and-top-stories/

SINGAPORE – OCBC beat market expectations on Friday, May 7, as its first quarter profit more than doubled thanks to strong performance in its wealth management and insurance businesses and lower bad debt provisions.

Singapore’s second-largest local bank net profit hit a quarterly high of $ 1.5 billion for the three months ending March, beating the $ 901.9 million average of analyst estimates compiled by Refinitiv , and against $ 698 million for the quarter of last year.

Non-interest income jumped 70% year-on-year to $ 1.47 billion on higher fees, trading and insurance income, amid an improving operating environment and favorable market conditions, OCBC said.

Net interest income fell 11% to $ 1.44 billion from $ 1.63 billion last year. This is mainly due to a 20 basis point squeeze in the net interest margin in a still low interest rate environment, the bank said.

The net interest margin, a key indicator of bank profitability, stood at 1.56 percent. It was unchanged from the previous quarter and lower than the 1.76% in the first quarter of 2020.

Credit costs also fell to 22 basis points from 86 a year ago, amid improving economic prospects.

Provisions for the quarter of $ 161 million, primarily for impaired assets, were 75 percent lower than $ 657 million a year ago.

About half of the provisions for impaired assets were set aside for the bank’s remaining oil and gas exposure in its portfolio.

Net fees and commissions rose 7% to a record high of $ 585 million, driven by a record $ 321 million in wealth management fees.

The net interest margin stood at 1.56%, unchanged from the previous quarter, and below 1.76% in the first quarter of 2020.

Group CEO Helen Wong, who delivered her first set of OCBC results, said earnings were exceptional due to favorable market conditions.

“We made very strong profits in key markets and businesses. We are also seeing diversified profits, and that relies on the strength and resilience of our three pillars – wealth, insurance and of course, banking, ”she said at a press briefing on Friday.

Ms. Wong said the bank is witnessing a strong recovery in global production and trade this year, spurred by the resumption of economic activity in the United States amidst monetary stimulus and fiscal spending.

China, another important economy, has seen an acceleration in the recovery of exports and very strong domestic demand, said Ms Wong, who added that the economic recovery is also expected to be strong in the bank’s main markets of Singapore. , Malaysia, Indonesia and Greater China.

She warned, however, that the recovery was not yet widespread. “This is largely due to the emerging variants of Covid-19 and the slow roll-out of vaccination in some countries. So a real return to normal will take time, and maybe longer than we realize this year. ”

The bank will focus on deepening its network to support its clients and capitalize on signs of sector recovery, Wong added. “We will see our loan portfolio as having momentum to drive faster growth the rest of the year, and I am thinking of mid to high single-digit growth in our loan portfolio.”

OCBC is already seeing increased demand for loans in infrastructure, logistics, transportation and real estate, as well as a growing appetite for private funds managing the region’s wealth, she said.

Ms Wong said she did not expect huge allocations over the next three quarters, with relief programs seeing healthy paybacks as such programs dwindle.

Loans under relief represented 2 percent of total OCBC loans, unchanged from last quarter, and their amount increased from $ 5.7 billion to $ 5.1 billion.

OCBS peers, DBS and UOB, also reported strong first quarter results.

Globally, bank profits rebounded after their Covid-19 collapse, boosted by a return to revenue growth, surging business profits and lower loss provisions that hurt their profits the last year.

OCBC shares were up 15 cents or 1.2% to $ 12.55 at 11:16 a.m. Friday.

Students have more access to high-speed internet at home https://juliavinograd.com/students-have-more-access-to-high-speed-internet-at-home/ Fri, 07 May 2021 00:38:13 +0000 https://juliavinograd.com/students-have-more-access-to-high-speed-internet-at-home/

With West Virginia being one of the most rural areas in the country, not all communities have broadband internet access.

Nowadays, the Internet is more and more accessible to everyone, including students. Many schools are now distributing tablets and laptops for students to take home and work on homework. However, not all students have broadband internet.

That’s why U.S. Senator Shelley Moore Capito (right) has been working hard to add more broadband internet to communities across the mountain state.

“With this USDA program, we hope to bring rural America in and bridge this digital divide between urban and rural America in terms of connectivity,” Capito said.

The program represents more than $ 600 million in grants and loans. Capito says she encourages anyone with limited or no broadband service to contact her office.

Patrick Riddle, the technology coordinator for Ohio County Schools, says it not only gives students access to the Internet, but also strengthens their communication skills.

“It really level the playing field,” Riddle said. “Broadband access for kids is access to information at this point. Students are bringing devices back to us and some groups, and probably others next year. With them, being able to connect to the internet and search for information is huge. ”

Riddle says he teaches his students that the internet is meant to be used more as a tool of productivity than entertainment.

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Daily Digest: no special session yet https://juliavinograd.com/daily-digest-no-special-session-yet/ Fri, 07 May 2021 00:38:13 +0000 https://juliavinograd.com/daily-digest-no-special-session-yet/

Hello and welcome Thursday. Here is the summary.

1. It’s Thursday but still no special session. Minnesota lawmakers begin Thursday without a scheduled special session, but with many more details in hand on the bills they need to pass. Although leaders have hoped to schedule their session for today, Gov. Tim Walz has yet to announce when he will recall lawmakers to pass budget measures that were not completed at the end of the regular session. In an email to lawmakers and staff on Wednesday, House Speaker Melissa Hortman said the first extraordinary session could begin on Friday. In preparation for the special session, lawmakers held a series of briefing hearings on Wednesday on most of the unresolved budget bills. The House and Senate held separate hearings. Among the deals: A tax plan that will lower the second income tax bracket to 6.8% starting this year and freeze a state-wide property tax levy for businesses. An education spending bill that will give schools 2% more for every student each year, as well as help cope with skyrocketing special education spending. And a public safety budget that includes funding for about 70 new correctional officers. (MPR News)

2. Some things that didn’t happen and some things that did. Many of the hot button policy provisions debated earlier in the year were dropped in the final bills released on Wednesday. Among them: Democrats have failed to persuade Republicans to pass tougher gun laws, including expanded background checks and red flag gun seizures. And Republicans have failed to persuade Democrats to agree to any extension of gun rights. Republican attempts to further restrict abortion have failed. And Democrats’ attempts to obtain driver’s licenses for Minnesotans living without legal citizenship papers have failed. But other measures have survived: On Wednesday, Walz enacted a law on a set of regulations for assisted living facilities and protections for Minnesota seniors, which include the right of residents of senior care centers to install cameras in their rooms. And on Wednesday, a deal was announced to pay $ 13 million to license center operators who lost money due to the state’s ailing computer system for tabs and vehicle titles known as by MNLARS. If Walz were to call a special session for Friday, it remained unclear whether lawmakers could finish in one day, show up on Memorial Day weekend, or possibly take a weekend break and resume next week. (Pioneer Press)

3. The attempt to officially rename the lake fails. DFL House lawmakers dropped a proposal to officially recognize a lake in southern Minneapolis by its Dakota name, Bde Maka Ska, as officials scrambled to strike a deal on the state budget on Wednesday. Democrats wanted to use the state’s two-year spending plan to engage in an ongoing legal battle over what was to be called the People’s Waterbody. The problem emerged at the end of April, after the Minnesota Court of Appeals overturned a decision by the state’s Department of Natural Resources to strip the name of former Vice President John C. Calhoun. , defender of slavery and instrumental figure of the Indian Removal Act. According to the court, the power to take such measures rests with the legislature. House Democrats approved language reinstating the Indigenous name in a budget vote in late April. But the provision, opposed by the Republican-controlled Senate, was omitted from the final text of an environmental budget bill released on Wednesday. “It was something that the GOP Senate would absolutely not take,” said Representative Jamie Becker-Finn, DFL-Roseville, a US Indian lawmaker who had fought for change. (Star Tribune)

4. The money will go to try to stop the spread of CWD. Since the start of the Minnesota legislative session in January, the slow progression of chronic wasting disease has only increased. Now, leading lawmakers say they have an answer to better contain the highly contagious and deadly brain disease among the state’s deer population. Minnesota is set to impose stricter regulations on deer hunters and farmers while spending more money on research and prevention efforts as a centerpiece of the budget deal being finalized by Senate Republicans and House LDFs in a conference committee focused on the environment and natural resources. CWD legislation was a top priority for both political parties on the Legislative Assembly’s environmental committees, although they disagreed with the difficulty of cracking down on deer herders. The response to the disease was celebrated by LDF and Republicans this week with a deal to raise more money to tackle aquatic invasive species, among other policy and spending initiatives. On CWD, “we will really be able to show a compromise that all three branches of government can support,” said Bob Meier, deputy commissioner of the Department of Natural Resources, referring to the House, Senate and the governor’s office. (MinnPost)

5. Election security money on the way. Minnesota legislative leaders agreed on Wednesday on a long-delayed plan to use federal election security money that had been tied up in a bitter partisan fight against voter fraud and foreign cyberattacks. After lawmakers failed to agree earlier on a measure to free up more than $ 6.6 million in federal funds approved by Congress in 2018, the money will now be part of the deal. Wider state government funding between Governor Tim Walz, Senate Majority Leader Paul Gazelka, R-Nisswa, and House Speaker Melissa Hortman, DFL-Brooklyn Park. Some GOP lawmakers had sought to limit cybersecurity funding in favor of electoral fraud measures that have been at the center of President Donald Trump’s concerns. Democrats accused Republicans of downplaying the threat of cyber intrusions into state electoral systems despite evidence of Russian interference in the 2016 election. (Star Tribune)

You make MPR News possible. Individual donations are the source of the clarity of our reporters’ coverage across the state, the stories that connect us, and the conversations that offer insight. Help ensure that MPR remains a resource that brings Minnesotans together.

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The governor meets the Sasikala and Panneerselvam teams. Decision expected https://juliavinograd.com/the-governor-meets-the-sasikala-and-panneerselvam-teams-decision-expected/ Fri, 07 May 2021 00:38:13 +0000 https://juliavinograd.com/the-governor-meets-the-sasikala-and-panneerselvam-teams-decision-expected/

Governor of Tamil Nadu C Vidyasagar Rao met with E Palanisamy and O Panneerselvam on Wednesday.

Strong points

  • Sasikala’s choice E Palanisamy met the governor first
  • Acting Chief Minister Panneerselvam went next
  • Governor will not release decision tonight: sources


Governor C. Vidyasagar Rao heard competing arguments within the ruling Tamil Nadu party on Wednesday evening over who should be the chief minister. However, sources said he would not immediately disclose a decision on which AIADMK faction should attempt to prove that its leader should be head of government.

The governor first met with E Palaniswami, who sought the support of 125 lawmakers or state deputies. Next was O Panneerselvam, currently acting chief minister, who says he has 11 MPs. The two want to vote of confidence in the Legislature and have presented the governor with a list of lawmakers who support them.

Although numerically they are very unequal, both sides have shown equal competence in drama and political silliness and the ability to channel the wishes of J Jayalalithaa, the authoritarian matriarch of the party, who then passed away two months ago. that she was chief minister.

AIADMK has 134 of the 234 lawmakers in Tamil Nadu. The considerably larger faction is led by VK Sasikala, who was jailed in Bengaluru on Wednesday serving a four-year sentence for corruption. The sentence, handed down on Tuesday, eliminates her candidacy for chief minister, a campaign centered on her close relationship with Ms. Jayalalithaa, with whom she has lived for more than two decades. In her place, she chose Mr. Palaniswami as the alleged Chief Minister of AIADMK.

Members of this group accuse the governor of “undue delay” and AIADMK has launched an online campaign asking the public to complain in writing to Prime Minister Narendra Modi about the postponement of a decision, which they say , gives Mr. Panneerselvam the opportunity to shake up their team, which is sequestered in a complex to avoid defection.

Although Mr. Panneerselvam’s head count is minimal, it would be unwise to dismiss him as a night operator in this crisis, not least because public opinion has so far rallied to him.

There is also the fact that he is acting chief minister, which some experts say gives him enough power that his own claim to vote in trust cannot be dismissed without consideration.

He was appointed chief minister within hours of Ms Jayalalithaa’s death – a promotion that deserved little ado because it treated him like a stunt, twice choosing him to replace her when corruption cases loomed large. ‘urged them to take a break.

Much of his appeal was his utter and abject devotion to her – he sobbed the times he was sworn in as Chief Minister while he was alive, carried his picture in his chest pocket every day and refused. to occupy a chair or a desk. normally used by her.

Two Sundays ago, AIADMK met and decided that Mr. Panneerselvam, always like a bridesmaid, would be replaced as head of government by Ms. Sasikala. He sent his resignation to the governor, who asked him to take the charge on an interim basis, presumably until Ms Sasikala was sworn in. Then Mr. Pannerselvam became a thug. At the Jayalalithaa memorial on a beach in Chennai, he announced that he was planning to go nowhere.

Attorney General Mukul Rohatgi, who is the center’s main lawyer, told NDTV on Tuesday that if the governor found there were competing claims within the same party, he should request a composite floor test – which means than the 234 lawmakers in Tamil Nadu would. must sign their names and vote for one or the other candidate – Mr. Panneerselvam or Mr. Palaniswami.

Although Mr Panneerselvam said he resigned under pressure, experts say his resignation letter cannot be withdrawn.

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Trump rejects Reince Priebus, appoints Homeland Security Secretary John Kelly as chief of staff https://juliavinograd.com/trump-rejects-reince-priebus-appoints-homeland-security-secretary-john-kelly-as-chief-of-staff/ Fri, 07 May 2021 00:38:13 +0000 https://juliavinograd.com/trump-rejects-reince-priebus-appoints-homeland-security-secretary-john-kelly-as-chief-of-staff/

Donald Trump replaced Reince Priebus with John Kelly as White House chief of staff on Friday (File photo)


President Donald Trump ousted White House Chief of Staff Reince Priebus and replaced him with Homeland Security Secretary John Kelly on Friday in a major upheaval meant to restore order and military precision in a west wing beset for six consecutive months by chaos, infighting and some tangible achievements.

With his legislative agenda largely blocked, Trump became convinced that Priebus was a “weak” leader after being intensely urged by rival advisers to suppress the establishment Republican group that has long had friction with some of the loyalists of the Trump’s inner circle, according to White House officials. .

Kelly’s hiring is expected to result in potentially sweeping structural changes in the turbulent operation. Kelly intends to bring a semblance of traditional discipline to the West Wing, where war advisers have been able to bypass the chief of staff and report directly to the president and bypass the political process, according to people familiar with his plans.

Kelly, a retired four-star Navy general, won Trump’s endorsement for his work to combat illegal immigration and his leadership qualities, both on the battlefield and in the Department of Security domestic, according to White House officials, who said the president has been talking about replacing Priebus with Kelly in recent weeks.

“He’s a great American and a great leader,” Trump tweeted. “John did a spectacular job at Homeland Security as well. He was a real star in my administration.”

The President added: “I would like to thank Reince Priebus for his service and dedication to his country. We have accomplished a lot together and I am proud of him!”

The announcement follows deep personal animosity between Priebus and Anthony Scaramucci, newly appointed White House communications director, erupted into public view Thursday when Scaramucci accused the chief of staff of leaking damaging information to his subject to the media and saved Priebus in blasphemy. laced interview with The New Yorker.

Priebus said in a statement, “It has been one of the greatest honors of my life to serve this President and our country. I want to thank the President for giving me this very special opportunity. I will continue to be a strong supporter of the president’s agenda and policies. I cannot think of a better person than General John Kelly to succeed me and I wish him God’s blessings and great success. “

Priebus’ allies said he told them he resigned on Thursday, concluding that the internal chaos would only get worse. A friend of Priebus said the chief of staff described the situation as “unsustainable”, saying he felt humiliated by the president’s treatment of him and was frustrated that he could not assert control over the duties of base of the White House, such as policy-making, communications and even White House announcements – which have at times been made on impulse by the president, such as this week’s announcement to ban transgender people from serve in the military.

But some White House officials said the decision to leave Priebus was made by Trump and the president kicked him out on Friday. Those officials noted that Priebus chaired the Friday morning senior executives meeting and accompanied Trump to a law enforcement event in New York City.

Either way, his final departure was a humiliating coda for what had been a largely degrading tenure in which Priebus had regularly been belittled and emasculated by rival advisers – and even, at times, by the President himself.

When Air Force One landed at Andrew Air Force Base on Friday afternoon, Priebus, Senior Policy Advisor Stephen Miller and Social Media Director Dan Scavino all boarded a suburb. But moments later, Miller and Scavino jumped out of the vehicle and, as information leaked about the chief of staff’s ouster, reporters walked over to take pictures of Priebus, who was sitting alone on the rain-soaked tarmac. Priebus’ vehicle then withdrew from the presidential motorcade, which proceeded to the White House without him.

“I think any observer – including one who spoke no English and knew nothing about politics and came from another planet and another solar system – could, after observing the situation at the White House, realize that the White House is failing, “said one of them. informal White House adviser, who spoke on condition of anonymity to share a heartfelt assessment. “And when the White House fails, you can’t replace the president.”

Trump has long been drawn to military leaders – “my generals,” he calls them – and by appointing Kelly, the president hopes to bring military discipline to his often unruly West wing. Kelly is expected to be sworn in to the post on Monday morning and to call a Cabinet meeting.

Kelly, who is widely admired by members of the Trump family and loyalists, has forged ties with the president in recent months that have grown stronger when he has aggressively defended the travel ban policy. Their relationship has only grown stronger since then, with Trump telling his staff that he sees Kelly as someone who dutifully follows his agenda – including a crackdown on border security and a sharp reduction in illegal immigration – and does not pose a problem for him.

Sarah Huckabee Sanders, the new White House press secretary, said of Kelly in a statement: “The whole administration loves her and no one compares.”

Sanders also praised Priebus for his service. “He was loyal in his dedication to the president,” she said. “The President thanks him and his family for his excellent service to the country, and he will always be a member of the Trump team.”

Priebus, who as chairman of the Republican National Committee had a close relationship with Trump during last year’s campaign, has been appointed White House chief of staff to bring Washington’s experience to the administration of ‘a political novice.

Part of Priebus’ speech for the post was that he could use his long-standing connections with Republican leaders on Capitol Hill – including House Speaker Paul Ryan, R-Wis., A personal friend – to help push through Trump’s ambitious agenda, including major legislation. on health care and taxes.

But Priebus was consumed by internal battles, not only clashing with Scaramucci, but finding himself besieged by Trump advisers inside and outside the White House who complained of being ineffective and more concerned with its own public image than that of the president.

After Scaramucci was appointed communications director last week over Priebus ‘vehement objections, White House officials widely believed Priebus’ position had become more threatened.

Priebus firing rumors have been circulating for months now. As a senior White House official put it, there was a “six-month fake death march.” But the dynamics have changed over the past 10 days or so.

“It has reached a climax of the president complaining about Reince to all of us,” said the official, who requested anonymity to speak frankly. “If we’ve heard it once, we’ve heard it 20 times last week – this erosion of trust. The word was “weak” – “weak”, “weak”, “weak”. ‘I can not do it.’ “

Trump’s own family had soured on Priebus at least several weeks before. Jared Kushner, the president’s son-in-law and senior adviser, had told associates that he believed Priebus was doing a bad job and ineffectively running the White House – a view that Ivanka Trump, the president’s daughter and advisor, said. and First Lady Melania Trump also privately conveyed to the President.

Any negative mention of Priebus in a news story – even a single sentence or a simple clause – often prompted frantic phone calls from more junior staff members reporting directly to him, the kind of vigorous defense in the media that the President made use of. came to believe was not offered. to him. The impression in the White House – that Priebus was most concerned with defending his own image – further undermined his position with Trump and the president’s family.

Both Kushner and Ivanka Trump were in favor of Priebus leaving on Friday, but also expressed their admiration for Kelly, according to an administration official.

Ryan released a statement praising Priebus, saying he “left everything behind on the pitch, for our party and our country.”

“He’s done so much, and he did it all in style,” Ryan said. “I couldn’t be prouder to call Reince a dear friend.”

As Trump traveled to New York on Friday, he took Scaramucci and Priebus on Air Force One with him.

Asked to comment on the changes, Trump told reporters traveling with him that Priebus was a “good man” and that Kelly was “respected by everyone.”

Kelly enjoys a warm relationship with Chief White House strategist Stephen Bannon, who has worked closely with him to shape the administration’s border enforcement policy. They bonded through the military service of their families. Bannon, a former naval officer, has a daughter who graduated from the US Military Academy at West Point.

Kelly is also highly regarded by Kushner, who sees him as a stable presence with an understated personality. He described Kelly to Associates as the kind of person he would like to see more of his say in administration.

Kelly’s reputation and ability to work with both wings of a warring West wing made the decision easier for Trump, officials said.

(This story was not edited by NDTV staff and is auto-generated from a syndicated feed.)

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Season for Caring raises over $ 900,000; donations continue through January – Entertainment & Life – Austin 360 https://juliavinograd.com/season-for-caring-raises-over-900000-donations-continue-through-january-entertainment-life-austin-360/ Fri, 07 May 2021 00:38:13 +0000 https://juliavinograd.com/season-for-caring-raises-over-900000-donations-continue-through-january-entertainment-life-austin-360/

In the six weeks since the Statesman launched its 20th Caring Season on November 25, we’ve been able to make a real difference in the lives of many of our 12 featured families. We moved Ernest Kimble, 53, who has lived for decades in a motel, in an apartment; and Jennifer Tate, 47, and her son, Brennan, 7, left the RV where they lived and moved into a house.

Home repairs are underway for four of our families, while Kevin Duroy, 39, and his children Leyton, 9, and Jayme, 12, look forward to building a new home with the help of chapter members. Austin from the National Association of the Remodeling Industry.

On Monday, readers gave $ 687,867 in monetary donations and $ 219,329 in in-kind donations of goods and services. The total – $ 907,196 – makes it the second best year since the program began in 1999. During the 2017-18 season, readers gave $ 1,065,095 in monetary and in-kind donations.

There is still time to give. Donations will be accepted until January 31, either online at statesman.com/seasonforcaring or by sending checks payable to Statesman Season for Caring at Austin Community Foundation, c / o Statesman Season for Caring, 4315 Guadalupe St ., Suite 300, Austin, TX 78751.

Donations go to help featured families first, then local nonprofit partner agencies are able to help hundreds of other families with basic needs throughout the year. Season for Caring has donated over $ 12.5 million to our community.

All featured families still have items on their wishlists:

• Basil Seals, 42, and his daughters Beth, 16, and Sabrina, 18, who lost her mother Emily to cervical cancer in November, need help paying their bills. bills, laptops for the girls, and a slightly worn out car. (CareBox Program, 512-296-2180, careboxprogram.org)

• Mirtha Lugo, 53, worked two jobs to give her daughters, Andrea, 15, and Giselle, 14, the education and stability that she did not have in Paraguay or when she arrived in the United States. United. They need help with rent and utilities, as well as auto insurance and gift cards for gas and groceries. Andrea would like to take driver training courses, piano lessons and Japanese lessons. Giselle would like drawing lessons, a stand mixer and an electric drawing tablet. They also need furniture, including a loveseat, dressers, desk, and shelving. (Foundation Communities, 512-615-4758, foundcom.org)

• Charles and Debra Simpson will have many of the necessary repairs done to their mobile home, which was flooded in the Halloween flood in 2015, thanks to volunteer Jon Wells and ABC Home & Commercial Services. Apex Home Maintenance donated flooring. They still need car repairs, a wheelchair lift for the car, hearing aids for Charles, and eye exams. They would also like help paying for the funeral arrangements for Charles, 77, who suffers from congestive heart failure. (Hospice Austin, 512-342-4726, hospiceaustin.org)

• The Haroun family, who immigrated to Austin from Iraq in 2014, need help learning job skills for mom Bushra, 46. Once her daughter Sara, 3, with autism, gets more education, she will be able to better support her family. Father Idris Haroun, 66, has a knee injury due to his stay in Sudan and Iraq and can no longer work. They need a lightly used van, help with repaying their travel loans, linens, towels, curtains, rugs, a sewing machine, a small desk, dressers and clothes. ‘a vacuum. (Interfaith Action of Central Texas, 512-386-9145, ext. 7, interfaithtexas.org)

• Michael Gomez, 52, will soon see the ground floor of his house transformed by CG&S Design-Build to make it accessible to him. He lost both of his legs to diabetes and kidney disease. The family needs help adapting their car to prosthetics, auto repairs, dressers, a refrigerator, dishwasher, washer, dryer, and dog groomer. They also need driving lessons for their 17-year-old twins. (Central Texas Meals on Wheels, 512-476-6325, mealsonwheelscentraltexas.org)

• The Tates need a washer and dryer, refrigerator, and lawn mower and hedge trimmers for the new home. They also need auto repairs and new tires, as well as after-school and summer programs for Brennan. (The SAFE Alliance; 512-267-7233; safeaustin.org)

• Diana Castro, 50, has three jobs to take care of her family. All are deaf. His 9-year-old Marc has leukemia. Castro and his daughter Alyssa were treated to a mother-daughter day with shopping at Lilly Pulitzer, pedicures at Caesar’s Nails & Spa and lunch at the Lorraine bakery. They still need help with medical bills, rent, a washer, dryer, couch, computer, and printer. (AnyBabyCan, 512-454-3743, anybabycan.org)

• Annie Colson, 81, cares for her son Earl, 58, who has had a stroke. Their bathroom will be remodeled by Simply Sold to be accessible to Earl, who uses a wheelchair. The exterior of their home is also undergoing renovations with a new roof, siding and windows from Austin Pro Construction and Sanders Roofing & Exteriors. Their house still needs flooring, wall repairs and railings, and they also need help fixing the car from Annie Colson’s niece, who looks after them both. (AGE of Central Texas, 512-451-4611, ageofcentraltx.org)

• Jacqueline Murorunkwere and her five children now have two lightly used cars and new household items, thanks to Amplify Credit Union. In March, they will move out of transitional housing for people who have been victims of domestic violence and who will need more furniture. (Caritas d’Austin, 512-646-1277, caritasofaustin.org)

• Keith Desilets, who turns 41 on New Year’s Day, suffers from cerebral palsy and some developmental delays. The community of Westwood High School, where he works as a gardener, donated and matched him with auto repairs and home repairs, including a new garage door from Precision Garage Door of Austin and an air conditioner of Service Wizard Air Conditioning & Heating. She has only a few things left on her wish list, including pest control and dog grooming. He would also like to take a vacation because he has never had one. (Family Eldercare, 512-450-0844, familyeldercare.org)

• Ernest Kimble has seen many of his needs met, including readers who have come together to pay his rent for the year. He uses cold store gift cards. (Central Texas Community Action Inc., 512-392-1161, communityaction.com)

• Kevin Duroy, 39, and his children Leyton, 9, and Jayme, 12, who lost mom Trisha to cervical cancer in June, need furniture for their new home. (Wonders & Worries, 512-329-5757, wonderersandworries.org)

Source link ]]> Three Chinese students injured in car attack near Toulouse https://juliavinograd.com/three-chinese-students-injured-in-car-attack-near-toulouse/ Fri, 07 May 2021 00:38:13 +0000 https://juliavinograd.com/three-chinese-students-injured-in-car-attack-near-toulouse/

A man “deliberately” crashed into his car in a group of pedestrians, seriously injuring three Chinese students, one of them seriously, near the French city of Toulouse on Friday, authorities said, adding that the attack did not was not related to terrorism. The 28-year-old driver, arrested immediately after in the suburb of Blagnac, “deliberately hit three people” on a crosswalk, Toulouse prosecutor Pierre-Yves Couilleau said. The suspect, a single man who lives with his mother in Blagnac, had previously suffered from serious psychiatric problems and was released from a court-ordered hospital stay in December 2016, the prosecutor said. “What matters in this case is the person’s psychiatric profile,” he added. “The individual arrested immediately after the event said he had been planning this act for a month,” the prosecutor said later in a statement. Asked whether the man was motivated by terrorism, the prosecutor said the attack was “nothing of the sort”. The driver has already had around 10 convictions for crimes not related to terrorism, he said. The investigation should be managed by the ordinary judicial police rather than by the Paris counterterrorism unit, he added. The victims are Chinese exchange students at ICD-Toulouse International Business School. A 23-year-old woman was the most seriously injured, and two men, aged 22 and 23, were also injured and one of them is still in hospital, the prosecutor said. The woman’s life is not in danger, police said. The attack occurred in front of the Blagnac campus of the Institute for Social Research, an AFP journalist said. On Friday evening, French Interior Minister Gérard Collomb welcomed the police response, declaring that “the investigation will determine the nature of his act”. The attack came days after China asked France to “guarantee the safety” of its nationals, who are regularly victims of thieves. On November 2, a group of around 40 Chinese tourists was attacked with tear gas and robbed in front of a three-star hotel near Orly airport in Paris. On Friday, a 15-year-old at the time of the attack was sentenced by a juvenile court to two years in prison for violently assaulting and robbing a Chinese textile worker last year in the Paris suburb of Aubervilliers. The 49-year-old man died five days from his injuries. France has also been the target of a series of vehicle attacks by extremists inspired by the Islamic State group. In July last year, a Tunisian plowed a 19-ton truck into a crowd in the southern city of Nice, killing 86 people.

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