Scottish Mortgage Investment Trust has smashed the FTSE 100. I’d continue buying for retirement

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. Image source: Getty Images 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. “This Stock Could Be Like Buying Amazon in 1997” 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. Paul Summers | Tuesday, 14th July, 2020 | More on: SMT Our 6 ‘Best Buys Now’ Sharescenter_img Paul Summers owns shares in Scottish Mortgage Investment Trust. 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. Enter Your Email Address See all posts by Paul Summers FTSE 100 member Scottish Mortgage Investment Trust (LSE: SMT) has absolutely smashed the performance of the aforementioned index since the start of 2020. Its share price is now 55% higher than where it was in January. The FTSE 100, in sharp contrast, is down almost 20%.Why is this and, importantly, can it last?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…Why is SMT outperforming?That’s easy. In line with its strategy of buying companies offering “the best potential durable growth opportunities for the future,” SMT’s portfolio is made up of some of the biggest tech stocks on the planet. Think online giants Amazon and movie streaming service Netflix. Both have thrived in recent months, thanks to the lockdown. By far SMT’s best performer, however, has been electric vehicle hot stock Tesla. Its share price is up 250% since the start of the year, making it the trust’s largest holding.Aside from its stellar performance, investors in SMT also benefit from a relatively low ongoing charge of just 0.36%. Passively tracking an index like the FTSE 100 via an exchange-traded fund might be even cheaper. But it would be hard to argue that managers James Anderson and Tom Slater don’t offer value for money compared to other professional investors. The FTSE 100’s underperformance isn’t hard to explain either. In contrast to SMT, some of its largest constituents are oil and companies, banks, insurance firms, and airlines. You don’t need me to tell you that none of these have done well in 2020. Can it continue?Here’s where things get a bit tricky. The fact SMT holds some of the most ‘loved’ (hyped) stocks in the world is clearly a blessing right now. However, it could prove a burden if market sentiment turns, perhaps as a result of increasing regulation of the tech sector. In such a scenario, those companies priced to perfection will likely be hit the hardest.Another more-widespread market crash can’t be ruled out either. How many inexperienced traders who have benefited from the recovery will be able to maintain their composure if we experience a significant second wave of the coronavirus? Given our tendency to swing from greed to fear in a heartbeat, I’d say at least some will panic. Remember also that a good number of the stocks SMT holds are very liquid. If there’s another stampede for the exits, people will sell what they can, not necessarily what they want to. In this sense, it might be argued that the FTSE 100 offers a better margin of safety. Then again, value-focused investors have been ‘wrong’ for years.Keep calm and carry onOn reflection, however, I’m staying put. While the staggering rise of some of its holdings does make me nervous, the fact that SMT is diversified across 89 companies should provide some protection in the event of a few experiencing problems. You also need to remember that market moves — even sizeable ones — are unlikely to matter much over a lifetime of investing. The passage of time and the freedom to do nothing remain the private investor’s key advantages when building a nest egg for retirement.So, as tempting as it may be to snatch at profits, my view is that anyone already invested should continue holding and add on any weakness. That’s what I’ll be doing anyway. As a long-term holding for fund-focused, growth-minded investors, SMT takes some beating. Scottish Mortgage Investment Trust has smashed the FTSE 100. I’d continue buying for retirement Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

Demand for justice in “Balibo five” murders

first_img Google experiments drop Australian media from search results News Help by sharing this information Reporters Without Borders called for justice in the case of five journalists killed almost 30 years ago in East Timor as the judge at a coroner’s court in Glebe, Sydney (Australia) adjourned the three-week old inquiry to 1st May.The worldwide press freedom organisation said that based on testimony so far, it was possible to assert that British journalist Brian Peters and his four colleagues were victims of pre-meditated murder by the Indonesia Army and Timorese paramilitaries, that their bodies were burned to hide the evidence and that Australian authorities took part in a cover-up.It is now urgent to move from the inquiry stage to the justice stage so that those who killed Brian Peters and his four colleagues in Balibo can be arrested and put on trial and those who protected the killers sanctioned, Reporters Without Borders said.In a detailed analysis, the organisation said it was now possible to assert that:1. Brian Peters and the four other journalists did not die in crossfire or from a mortar shell, nor were they sheltering in a position held by Fretilin combatants.Extract from evidence given at the hearing:-> “P 1”, former Fretilin commander: “There was no further fighting when the Indonesian Army entered Balibo.”-> Colonel Subico, former Fretilin officer: “The journalists never took part in armed operations.”2. The murder of the five journalists was premeditated by the Indonesian Army and the Timorese paramilitaries.-> Fernando Mariz, former bodyguard to Indonesian Colonel Dading: “When I told Colonel Dading about the presence of journalists in Balibo, he told me that he had prepared good treatment for them, which I understood to mean that the journalists were going to be killed.”-> Ian Cunliffe, lawyer and former member of the Royal Commission on Intelligence and Security, testified about the statement by an Indonesian officer to his superior: “On your instructions, we have located and killed the five journalists. We are now awaiting your instructions in order to know what we should do with the bodies and the personal effects of the journalists.” Organisation News AustraliaAsia – Pacific 5. Indonesian officers Dading Kalbuadi, Yunus Yosfiah, Louis Taolin (secret services head), and paramilitary chiefs Lopez da Cruz and Jose Celestino were present at the scene of the murders during or just afterwards.-> Jose Celestino, founder of the pro-Indonesian KOTA party, who has since died, said in 1976 that he was with Dading, Yosfiah and Taolin at the time of the killings.6. Yunus Yosfiah, former Indonesian army officer who later became a minister, headed the invasion in the Balibo area, on 16 October 1975. He is suspected of having killed at least one of the journalists, Brian Peters.-> “Glebe 4”, former Indonesian army combatant: “I think that Yunus killed Brian Peters”.-> “Glebe 7”, a former Fretilin combatant: “I saw an officer shoot Brian Peters”.7. The Australian government destroyed documents that could compromise the Indonesian government in the case.-> Gary Lindworth, former Australian secret services analyst: “John Bennets, former deputy head of the Office of Current Intelligence (OCI), ordered the destruction of documents proving that Australia was aware of the premeditated nature of the murder, from the following day.”8. Australian prime minister at the time, Gough Whitlam, the foreign and defence ministers were informed about the murder of the journalists less than one hour later.-> Robin Dix, linguist with the Australian Navy: “I sent a message to the prime minister, the defence minister and the foreign minister less than an hour after receiving a message about the pre-meditated nature of the murder”.9. The Australian government lied when it publicly denied the implication of the Indonesian army in the murder.-> Gary Lindworth: “When I wrote a memo on the murder of the journalists, John Bennets immediately ordered the destruction of this note because we had to maintain good relations with Indonesia”.Reporters Without Borders recommends that:1. Yunus Yosfiah be brought, willingly or otherwise, before the Sydney court. ShouId he refuse to come to testify, then the Australian government should get Interpol involved in putting out an international arrest warrant for him.2. Gough Whitlam and his close aides at the time should come to give evidence before the Sydney court.3. The Australian government produce the missing pieces of evidence which disappeared when the offices of the Australian Security Intelligence Organisation (ASIO) moved from Melbourne to Canberra.4. US, New Zealand and British officials should come to tell the Sydney court about the information that their respective countries obtained at the time about the murder of their reporters.5. The court looks into the reasons for which authorities in Canberra and Washington, particularly then US Secretary of State, Henry Kissinger, lied about the five murders.6. Australian, New Zealand, British and US ambassadors in Jakarta intervene with the competent authorities to get official documents on the events in Balibo declassified.7. Future hearings should be held in public.The “Balibo Five” were reporting for two Australian TV stations as an Indonesian force prepared to invade East Timor in October 1975. They were: Australian reporter Greg Shackleton, Australian soundman Tony Stewart, New Zealand cameraman Gary Cunningham, British cameraman Brian Peters and British reporter Malcolm Rennie. Receive email alerts Follow the news on Australia News to go further November 19, 2020 Find out more AustraliaAsia – Pacific 3. The journalists were killed and their bodies burned to destroy all evidence.-> “M 4”, who was present at the scene of the killings: “Once the journalists were dead, they were dressed in Portuguese Army uniforms and photographed with weapons next to them. The bodies were then burned in the Chinese house.”4. The paramilitaries justified the murders saying the journalists were militant communists.-> Jill Jolliffee, an Australian journalist, reported remarks made by one of the leaders of the Timorese Democratic Union paramilitary, Lopez da Cruz: “We have killed the communist journalists of Balibo and we hope it will serve as a warning to the rest of the journalist community.” February 22, 2021 Find out more RSF condemns Facebook’s blocking of journalistic content in Australia On eve of the G20 Riyadh summit, RSF calls for public support to secure the release of jailed journalists in Saudi Arabia March 5, 2007 – Updated on January 20, 2016 Demand for justice in “Balibo five” murders January 21, 2021 Find out more News Reporters Without Borders highlights the key facts that have come to light during three weeks of hearings by a coroner’s court in Glebe, Sydney, into the deaths of Brian Peters and four other journalists in East Timor in1975. The organisation calls on the Australian and Indonesian authorities to move from investigation to judicial action. RSF_en last_img read more

Shirlee Smith | Women’s History Month – Honoring The Ordinary Ones

first_img Subscribe Business News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. SHIRLEE SMITH,Columnist Shirlee Smith | Women’s History Month – Honoring The Ordinary Ones By SHIRLEE SMITH Published on Tuesday, March 7, 2017 | 12:50 pm First Heatwave Expected Next Week Community News Top of the News Make a comment More Cool Stuff HerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeautyRub This All Over Your Body And He’s Guaranteed To Swoon Over YouHerbeautyHerbeautyHerbeautyBaby Boom: The Stars Are Getting Busy In QuarantineHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeauty faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Shirlee Smith can be reached by email at [email protected] There are so many women whose lives and contributions have demonstrated amazing courage and whose deeds influenced younger generations. How many? The list is formidable. How then do I meet the challenge of choosing who to write about?She was born in 1915 in Austin, Texas, to a 15-year-old mother who had been raped by a distant relative.She spent her first five years being cared for by her grandmother and an aunt. The 15-year-old mother went north to be employed as a servant by a wealthy family in Boston, Massachusetts. At the age of twenty, Lorenza Wiliams returned to Texas and took her child to live with her in Massachusetts.Black folks had a custom, as do other immigrants, of following the lead of family members who’ve moved to a place with better opportunities.And so Lorenza conscientiously saved the meager earnings paid to her, in preparation for the day she would go West with her daughter to join relatives who were living in the golden state of California.Seems, back in the day, and probably a custom practiced to this day, folks, as they moved to higher grounds, tended to embellish the circumstances of both their surroundings and of their place on the ladder of success and inclusion.Time passed. Lorenza and, by now, her teenage daughter, arrived in Los Angeles and took a cab from Union Station to the address of “Dad” and “Aunt Carrie” (Lorenza’s father and step-mother).The black cab driver was as astonished as the travelers were when they arrived at a large Spanish-style home on Highland Avenue in Hollywood that sat far back from the street with a stretch of green lawn that seemed to all of them the size of a golf course. The Golden State was indeed full of golden dreams, they surmised, as they stepped from the taxi cab with ragged suitcases in hand.“Dad and Aunt Carrie have sure enough done well!” they said they remarked when they would tell this story to future generations of their family.In 1930, when my mother and grandmother came to Los Angeles, they knew nothing of racial restrictive covenants that kept blacks and other minorities locked into clearly defined housing areas, which meant they would not be living on Highland Avenue.Fortunately for the travelers, the white family was away and the butler and the maid (Dad and Aunt Carrie) were alone at their place of employment. They were astonished to see their relatives at the front door.But other relatives had also made the journey from the South and they were not “live-ins” as domestics were called. Instead, they had a variety of jobs in the city. They lived in Boyle Heights and that’s where another cab driver took the two travelers.No cell phones to call and say they were on their way. In fact, back in 1930, most struggling folks didn’t have any kind of phone.So for what reason do these two women, mother and daughter, embody the historical category of those who influenced future generations for having lived lives that demonstrated amazing courage?Neither mother or daughter was accepted into Harvard or Yale. Neither of them developed a cure for a dreaded desease.According to family lore, each of them led fairly ordinary lives – such as it was defined. But maybe it’s the way we see things that helps the world ignore what’s called ordinary.They were ordinary women in the eyes of those who categorize us. But in the eyes of the generations to follow, both my grandmother and her daughter, my mother, were women not to be ignored when we talk about Women’s History Month.These women of the family, with minimal formal education but with a plethora of mother wit, saw to it that the children they were responsible for raising would understand that their role in life was to journey forward with a ragged suitcase or with a fine leather satchel.And the destination, whether at a wrong door in an up-scale Los Angeles neighborhood or on the east side of the city in Boyle Heights, should have the same end results.To be bold. To be daring. To take a chances. To travel outside the comfort zone.There are millions of women’s stories that make us all eligible for recognition during this month of March that celebrates our history.Your story, as well as that of your mother and your grandmother and her grandmother need to be recognized, acknowledged and praised. Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Your email address will not be published. Required fields are marked * Community News Name (required)  Mail (required) (not be published)  Website  6 recommended0 commentsShareShareTweetSharePin it EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Ocwen Releases Q2 Operating Results

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post Ocwen Releases Q2 Operating Results in Daily Dose, Featured, Headlines, Investment, Journal, News Share Save Previous: The Figures Behind Judicial State Foreclosures Next: The Industry Pulse: Updates on ComplianceEase, CoreLogic, and More The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Florida-based Ocwen Financial Corporation, a financial services holding company which services and originates loans through its subsidies, released its operating results for Q2 2018.The numbers reflected a GAAP loss of $29.8 million, compared to a net loss of $44 million, a $14.7 million improvement, according to Ocwen’s statement. The company generated “revenue of $253.6 million and cash flows from operating activities of $97.2 million for the three months ended June 30, 2018, and ended the quarter with $228.4 million of cash.”Despite these losses, Ocwen CEO John Britti states that Ocwen has remained focused on helping homeowners, resolving legacy regulatory and legal matters, and investing excess cash and preparing for its merger with PHH, an acquisition that was announced in February of this year.“We have made progress in all four areas,” Britti said. “Ocwen completed 10,752 modifications to help homeowners stay in their homes while providing loan investors better outcomes than foreclosure. Regarding legacy regulatory and legal matters, we believe that as a result of court rulings, settlements, and ongoing negotiations, we are continuing to make progress on this front.”Ocwen recorded pre-tax losses at $28.4 million, a $13.2 million improvement in a year-over-year analysis, with the servicing segment recording $2.1 million of pre-tax income, the Lending segment recordeding $1.4 million of pre-tax income, its reverse mortgage lending business recording $3.1 million of pre-tax income, and the forward lending recapture business suffering a $1.7 million pre-tax loss.Additionally, the Corporate segment recorded a $31.9 million pre-tax loss, which was “primarily driven by $13.4 million of corporate interest expense, $7.4 million of ongoing strategic transaction, and restructuring costs and $5.3 million of CFPB and state regulatory related legal fees and other expenses.””Our primary emphasis, however, has been on developing our plans for integration upon closing of our merger with PHH,” Britti said. “We have made solid progress towards closing the transaction, and we are currently targeting closing the acquisition in the third quarter of 2018. Our integration planning has progressed sufficiently for us to revise our annual synergy run-rate target up to $100 million over annualized Q2 2018 operating expenses for both companies combined.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Kristina Brewer is the Editorial Assistant of Publications for the Five Star Institute, including DS News and MReport magazine. She is a graduate of the University of North Texas (UNT), where she received her Bachelor of Arts in English with a concentration in rhetoric and writing and a minor in global marketing. During this time, she served as Director of Philanthropy in the national women’s fraternity Zeta Tau Alpha, of which she is an alumna. Her passion for philanthropy continued after university when she was an intern at Keep Denton Beautiful, a local partner of Keep America Beautiful, where she drove membership, organized events, and led social media campaigns. Brewer honed her writing at the North Texas Daily, UNT’s student-run newspaper where she wrote about faculty, mentorship, and student life. Brewer also previously worked at Optimus Business Plans where she helped start-ups create funding proposals, risk assessments, and management plans. Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Ocwen Releases Q2 Operating Results Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago 2018-07-26 Kristina Brewer Servicers Navigate the Post-Pandemic World 2 days ago About Author: Kristina Brewer July 26, 2018 985 Views last_img read more

A Case For The National Courts Of Appeal

first_imgColumnsA Case For The National Courts Of Appeal Faisal C K1 Nov 2020 12:49 AMShare This – xThe rising heap of pending case-dockets in Indian courts and the resultant ‘delayed justice’ and sometimes ‘hurried justice’ cry out loudly that our judicial system has become “a beautiful and ineffectual angel, beating in the void his luminous wings in vain”. Justice has been reduced into parchment and law has been divorced from life. According to the Indian Judiciary Annual…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 rising heap of pending case-dockets in Indian courts and the resultant ‘delayed justice’ and sometimes ‘hurried justice’ cry out loudly that our judicial system has become “a beautiful and ineffectual angel, beating in the void his luminous wings in vain”. Justice has been reduced into parchment and law has been divorced from life. According to the Indian Judiciary Annual Report 2018-19, published by the Supreme Court of India, the total number of the pending dockets before the Supreme Court is 59,867 (2019 Jan-Oct.) The data show an upward trend as it was 57,346 and 55,588 in 2018 and 2017 respectively. The huge pendency undermines the glory of the Supreme Court as a constitutional and federal court and the guardian of the Constitution and Lady Justice. The Supreme Court disposed 34,653 cases in 2019 January-October period. The lion’s share of this number is appeals, among them; sizeable chunk is Special Leave Petitions under Article 136 of the Constitution. For example, the State of Kerala has approximately 4000 dockets pending before the Supreme Court and ¾ of them are SLPs as on 30th March 2020. As per 2015 data, just 7 per cent of the judgments passed by the Supreme Court in the previous year dealt substantially with Constitutional matters. Legal researcher Mr. Nick Robinson, pointed out the growing proportion of routine appeals in the apex court’s workload as against core Constitutional matters. Mr. Robinson in his analysis of 50 years of Supreme Court data, had found that the number of matters decided by Constitution Benches was falling steadily. In the second half of the 2000s, Constitution benches heard an average of 6.4 matters per year, the lowest ever level. It should be compared with the fact that the Supreme Court of the USA (SCOTUS) and the United Kingdom Supreme Court (the UKSC) apex judicial bodies in their respective realms, dispose less than 100 cases per year. The 2019 Year-End Report on the Federal Judiciary, published by the SCOTUS, states that “During the 2018 Term, 73 cases were argued and 69 were disposed of in 66 signed opinions” by the SCOTUS. The Supreme Court Annual Report 2018–2019 of the UKSC says that it heard only 91 appeals between 1 April 2018 and 31 March 2019 and delivered only 64 judgments. The Supreme Court of India has gained a vast and undefined jurisdiction. As per the Handbook on Practice and Procedure and Office Procedure (2017), published by the Supreme Court, the Court entertains around 45 categories of cases. By framing the Basic Structure Doctrine and the Collegium System, the Supreme Court assumed unprecedented powers in the Constitutional amendment and the judicial appointment. The increased jurisdiction has resulted in delayed justice. Mr. K.K.Venugopal, the present Attorney General of India, in a lecture delivered in 2010 titled Towards a Holistic Restructuring of the Supreme Court of India had opined that the founding fathers of the Constitution envisaged the Jurisdiction of the Supreme Court as limited to (i) All matters involving substantial questions of law relating to the interpretation of the Constitution of India or of national or public importance; ii) Validity of laws, Central and State; iii) After Kesavananda Bharati, (1973) the judicial review of Constitutional Amendments; iv) Resolving conflicts between States and the Centre as well as the original jurisdiction to dispose of suits in this regard; v) To settle differences of opinion of important issues of law between High Courts; vi) Additionally, Presidential References and Article 131of the Constitution. He is of the view that the Appellate Jurisdiction and Writ Jurisdiction should be detached from the Supreme Court. Mr. Venugopal opined that the National Courts of Appeal should be set up, by appropriate constitutional amendments, to finally dispose the appeals from the High Courts under Articles 132,133 and 134, the Special Leave Petitions under Article 136 and Statutory Appeals. He suggested that the National Courts of Appeal should be located in the four regional zones of the country and they should be placed in between the Supreme Court and the High Courts in the hierarchy of the courts. Mr. Venugopal suggested that four Regional or Zonal Courts of Appeal should be set up to absorb the 140 categories of cases which are today pending in the Supreme Court of India being matrimonial, rent control, labour, service, land acquisition and other such like cases. These cases would belong to the exclusive jurisdiction of the Courts of Appeal. The Supreme Court would then be left with only those cases which, as pointed out earlier, would fall within the true jurisdiction of the Apex Court of the country. The Court of Appeal would finally decide all cases arising from the High Courts relating to the 140 sub-categories mentioned earlier, without any further appeal. In a 1982 article, Justice K.K. Mathew had contemplated Courts of Appeal to relieve the huge backlog of cases pending in the Supreme Court of India. Later, Justice Bhagwati in the Bihar Legal Support Authority v. Chief Justice of India and Anr. (1986) observed that “The Supreme Court of India was never intended to be a regular court of appeal against orders made by the High Court or the Sessions court or the magistrates.” Article 136 envisaged only a corrective jurisdiction that is extra-ordinary and limited in its nature. But this aspect has widely been ignored in practice.The Law Commission of India in its 229th Report (2009) had recommended the division of the Supreme Court into a Constitution Bench at Delhi and Cassation Benches in four regions at Delhi, Chennai/Hyderabad, Kolkata and Mumbai. Article 130 of the constitution provides that the Supreme Court shall sit in Delhi or in such other place or places, as the Chief Justice of India may, with the approval of the President, from time to time, appoint. Hence, the Supreme Court may also ponder over the proposal of setting up of regional benches of the apex court to ensure accessible and speedy justice.A study by Mr Nick Robinson had exposed the regional disparity in the Supreme Court case-dockets. The States geographically adjacent to the seat of the Supreme Court, like Punjab, Haryana and Uttarakhand have a share of 6.2% each in the total dockets pending before the Supreme Court. Meanwhile the far away but vast states like Tamil Nadu and Karnataka have only 1.1% and 2.4% of the cases respectively. It demonstrates the difficulty of the people from South India and North East to access the Supreme Court. Justice turns costly and unaffordable for them. In 2016 a PIL was filed by Mr V. Vasantha Kumar praying for the setting up of the National Courts of Appeals at New Delhi, Kolkata, Mumbai and Chennai. Then the Chief Justice referred the matter for a Constitution Bench. The amici curiae in the case, Mr K.K. Venugopal and Mr. T.R. Andhyarujina vehemently supported the idea of the National Court of Appeal. The Congress, in its manifesto for the 2019 Lok Sabha elections had proposed the setting up of a National Court of Appeals as an intermediary court between the Supreme Court and the High Courts in India to hear routine appeals in civil and criminal matters from the High Courts. The setting up of the National Courts of Appeal will make justice more accessible, speedy and affordable for the commoner. Furthermore, it would relieve the Supreme Court from the role of a ‘Jack of all trades’ and restore its pristine glory as a true constitutional and federal court.Views are personal. (Faisal C.K is an Under Secretary in the Law Department, Government of Kerala)Next Storylast_img read more

Delhi High Court Directs Insurance Companies To Communicate Their Approval To Hospitals Within 30 To 60 Minutes To Ensure Discharge Of COVID Patients In Time

first_imgNews UpdatesDelhi High Court Directs Insurance Companies To Communicate Their Approval To Hospitals Within 30 To 60 Minutes To Ensure Discharge Of COVID Patients In Time Nupur Thapliyal28 April 2021 11:28 PMShare This – xThe Delhi High Court on Wednesday issued slew of directions on the availability of Remdesivir in an online portal, providing information on the availability of vacant beds capable of providing oxygen treatment and approval by insurance companies during discharge of covid 19 patients. A single judge bench comprising of Justice Pratibha M Singh issued directions in two petitions concerning the non availability of Remdesivir and issues of the portal maintained by Government of NCT of Delhi with regards to the hospital admissions at by Insurance companies during discharge of COVID-19 patientsThe Court directed Insurance Regulatory and Development Authority of India (IRDAI) to issue immediate instructions to insurance companies/their agents to ensure that whenever requests are received for approval for discharge of patients who were affected by COVID-19 and are covered by insurance policies, no delay occurs in giving the approvals.Further directions are as follows:- Insurance companies/their agents be directed to communicate their approvals to the concerned hospitals/establishments within a maximum time period of 30 to 60 minutes, in order to ensure that the discharge of the patients is not delayed in any manner.- Once a patient is ready for discharge and while the attendant of the patient is waiting for the discharge slip to be processed, the hospitals/establishments can, instead of holding up the bed, process the new admission on that bed so that the bed does not remain unoccupied and needy patients are immediately given admission for their treatment.Shortage of Remdesivir and Online Portal During the course of hearing, the Court was apprised that out of the total available Remdesivir vials of 16, lakhs, 72,000 vials were allocated to Delhi from 21st April to 30th April 2021. Moreover, the Court was informed that there were total 7 manufacturers of Remdesivir however, none was located in Delhi. At this stage, the Special Secretary of GNCTD’s Department of Health and Family Welfare apprised the Court that the number of vials procured were only 2500 and the remaining have been distributed through private channels to the patients or hospitals directly. In view of this, reliance was made on a fresh circular issued by the Delhi Government proposing to create a portal for the purpose of distribution of Remdesivir vials. “It is public knowledge that most government and private hospitals issue prescriptions to the patients and the attendants to the patients are left to arrange the medicine on their own. The situation is so alarming that family members of patients travel across the city repeatedly visiting distributors, chemists, stockists to obtain the medicine. This could also be leading to exposure of so many persons to the virus. As of last night, post the filing of the present writ petition, a circular/order has been issued to closely monitor the distribution of Remdesivir and for creation of a portal on real time basis.” The Court observed at the outset. Observing that the portal is being developed, the Court directed that instead of routing all the drugs through the hospitals or other medical establishments, the patient/family member/attendant of the patient should be allowed to put in a request in the portal for obtaining the Remdesivir, along with the following details: – Name of the patient – Name of the hospital where the patient is admitted (prescription of the hospital would also be uploaded) – Covid-19 positive report – Aadhaar number of the patient (copy of Aadhar card be uploaded) – Name and mobile no. of the patient/family member/attendant who would be making the payment and taking delivery of the drug. At the outset, the Court however noted that it would consider whether a Committee needs to review the administrative protocol for administration of the said drug. Hospital Admissions and Availability of Oxygen Beds During the course of hearing, it was submitted by the petitioner before the Court that the GNCTD portal could be misleading as the patients are unable to obtain admissions due to large number of people already being in queue for obtaining ICU admissions. Moreover, it was submitted that a proper distinction between various types of beds available in each hospital is made. “…it is clear that the portal is only providing two separate categories i.e., Covid-19 beds and Covid-19 ICU beds. This distinction could be confusing for the user inasmuch as some of the hospitals do not have oxygenated beds even in the Covid-19 beds category. It is a matter of common knowledge that most patients are isolating in their homes unless they suffer from comorbidities. Patients look for hospitals and like establishments primarily when the oxygen levels dip and therefore, having non-oxygenated beds for Covid-19 patients may not be of much use.” The Court observed. Noting that it would be useful it the hospitals indicate as to whether the beds vacant are capable of providing oxygen treatment or not, the Court observed that the data on the portal has to be on “much more real time basis” which need to be updated every one or two hours. In view of this, the Court gave directions to the GNCTD to seek instructions on the aspect of amending the portal and also as to whether a helpline, which would ring on a rotational basis and can be manned even remotely by Nodal Officers who may be allocated to a hospital, can be made available in each of the hospitals. Click Here To Read OrderTagsdelhi high court covid 19 second covid wave remdesivir oxygen beds directions Justice Pratibha M Singh Next Storylast_img read more

Pay talks stop as unions reject 3 per cent offer

first_img Comments are closed. Pay talks stop as unions reject 3 per cent offerOn 27 Feb 2001 in Personnel Today Previous Article Next Article Local government pay talks have ground to a halt followingthe rejection by unions of a 3 per cent pay offer from local authorities. Unions are demanding a £1,000 flat rate pay claim, but theEmployers’ Organisation for Local Government (EOfLG) claims that 97 per cent ofcouncils cannot afford a flat rate increase.A significant flat rate increase is the only way to improverecruitment and retention problems in local government, unions believe. But the EOfLG argues local authorities do not have arecruitment and retention problem at the bottom end of the pay scale, which theflat rate is aimed at.  Adrian Pritchard, co-chairman of Socpo’s pay and employeerelations group, said, “Local government skills shortages are higher up incouncils, such as in the social services, lawyers and in IT, so a flat rateincrease will not help us recruit and retain skilled staff.”An EOfLG spokesperson said, “A 3 per cent increase will putthe local council minimum wage at £4.64, which is over a pound more than thenational minimum and 50p more than NHS lowest pay.”  The EOfLG claims that it consulted its members and 75 percent of them could not afford more than a 3 per cent pay rise.Socpo’s Pritchard said, “An increase of 6.4 per cent wouldcripple local government and price its staff out of the market.” Malcolm Wing, Unison’s national secretary, said, “Why shouldour members put up with low pay, demanding and often stressful work, when theycan get as much as £8 an hour stacking shelves overnight in a supermarket?”The EOfLG will consult with members before talks recommenceon 20 March. Related posts:No related photos.last_img read more

McDermott, Turner lead Pacers to 121-88 rout of Jazz

first_img Written by FacebookTwitterLinkedInEmailSALT LAKE CITY (AP) — Doug McDermott scored a season-high 21 points and the Indiana Pacers rolled to an easy victory without their leading scorer, beating the Utah Jazz 121-88 on Monday night.Victor Oladipo, averaging 21.4 points, missed his fourth game with a sore right knee, so his teammates turned up their defensive intensity and spread the ball.Myles Turner set the tone with 16 points, all in the first three quarters, and seven Pacers reached double figures. Tyreke Evans scored 14 points and Cory Joseph and Domantas Sabonis each had 13.The Pacers shot a season-best 58.3 percent and made half of their 18 3-point attempts.Donovan Mitchell, who scores 20.6 per game, sat out his second game with bruised ribs and Utah was playing a back-to-back, but it was 19 turnovers and poor shooting that buried the Jazz and dropped their usually stellar home record to 2-6.The Jazz repeatedly tried to dribble through the Pacers’ tenacious defense or pass over their outstretched hands. Even Utah’s traditionally supportive crowd booed at times as Utah’s turnovers led to 25 Indiana points.Turner drew Rudy Gobert outside and made his first five shots, mostly on mid-range jumpers off pick-and-pop actions.Turner signed a four-year, $72 million extension in the offseason and the big man from Texas went to work earning it, dropping fat, gaining muscle and improving his shot during the summer.After a four-game stretch where he didn’t score more than nine points, Turner has reached double figures in five consecutive games.He missed Friday’s loss to San Antonio with an ankle injury but was active from the start against Utah. Led by his 11 points in the first half, the Pacers were ahead by as many as 14 before settling for a 58-47 advantage at the break.The Jazz have lost six of eight.TIP-INSPacers: The Pacers beat the Jazz 121-94 last Monday. … Indiana is 8-0 when making at least half its 3-pointers. … The Pacers had their largest margin of victory this season and their first 30-point-plus win on the road in 22 years.Jazz: Rubio had 23 points on 10-of-13 shooting on Sunday against Sacramento but just three points on 1-of-6 shooting against the Pacers, typical of his up-and-down season. … Thabo Sefolosha and Joe Ingles both got technical fouls. … Utah went 8 for 31 on 3s.UP NEXTPacers: Continue their road trip at Phoenix on Tuesday night.Jazz: Visit the Brooklyn Nets on Wednesday night. Tags: Basketball/NBA/Utah Jazz November 26, 2018 /Sports News – Local McDermott, Turner lead Pacers to 121-88 rout of Jazz Associated Presslast_img read more

Taiwan breaks ground on new submarine construction yard

first_img Taiwan is starting construction of a new facility that will allow the country to build its own submarines.The ground breaking ceremony for the construction yard was held in the southern port city of Kaohsiung on May 9 and was attended by Taiwan president Tsai Ing-wen.Construction of the facility begins after the US approved transfer of technologies in 2018 that would enable Taiwan to develop submarines locally.Reports from last year also said that the country attracted several companies from the US, Europe, India and Japan for its indigenous submarine program.Construction works on the shipyard are expected to be completed by the end of 2020 while the first boat is envisioned for a 2024 delivery. A total of 8 units are to be built.Taiwan currently operates two World War 2 era submarines and two Hai Lung-class (Zwaardvis-class) boats which were delivered to Taiwan from the Netherlands in 1987 and 1988. Authorities Back to overview,Home naval-today Taiwan breaks ground on new submarine construction facility May 9, 2019, by Taiwan breaks ground on new submarine construction facilitycenter_img navaltoday Share this article View post tag: Taiwan Navylast_img read more

Police Warn of Drunk Driving Crackdown Dec. 5 to Jan. 2 in Ocean City

first_imgThe Ocean City Police Department will join the statewide “Drive Sober or Get Pulled Over” campaign with sobriety checkpoints and saturation patrols from Dec. 5 to Jan. 2. Ocean City Police DepartmentThe department received a $7,500 grant from the state Division of Highway Traffic Safety to pay for increased patrols, and City Council will vote Thursday to add the grant to the city budget.The idea behind the campaign is to raise awareness about the dangers of drinking alcohol and driving through a combination of high visibility enforcement and public education.“This is a critical law enforcement program that can save lives during a time of the year when impaired driving traditionally increases by nearly 10 percent,” Ocean City Police Chief Chad Callahan said in a news release. “This initiative brings attention to the serious consequences of drunk driving and the grave danger those who choose to drink and drive pose to all who share the road with them.”The department traditionally announces its saturation initiatives in an effort to prevent drunk driving and other traffic offenses before enforcing them.last_img read more