astead herndonBut there’s other times when he sounds very much like many of the black leaders in Wilmington who say, I don’t know if I like this remedy, but I do know that the issue of integration is really important. So he’s kind of firmly in the middle. And that kind of middle ground is something we see him stake on a number of issues, most notably crime, where he takes the kind of position and relies on those personal relationships with black communities, while, according to his critics, legislating in the interest of white ones.[music]michael barbaroWe’ll be right back. So Joe Biden takes the middle ground, or the middle ground for that time, on busing. How do we then see that in his approach to crime?astead herndonThis one’s a little different, because while Biden on busing was seen as kind of emblematic of the larger Democratic stance, with crime, he was really kind of pushing the boundaries. At that time, particularly in the ‘80s and ‘90s, was a kind of moral panic happening throughout the country — astead herndonJoe Biden takes the position, as many other politicians did at that time, that they were not opposed to the idea of integration. What they’re opposed to was the remedy. astead herndonIn 1984, that establishes mandatory minimums. In ‘86, the Anti-Drug Abuse Act creates harsher sentences for crack than powder cocaine. And it kind of builds up into the early ‘90s, when Bill Clinton is elected president, the ‘94 bill — astead herndonJoe Biden himself tells a story about how he was the only lifeguard at a newly integrated pool in Wilmington. archived recording (joe biden)I haven’t always been right. I know we haven’t always gotten things right. But I’ve always tried. astead herndonAnd Biden, as someone who had come up in Wilmington, a community that was experiencing these things closely, he had black community leaders, neighbors of his, saying the issue was very important, but that they were looking at kind of root cause problems of why crime was happening. They were talking about issues like education or job opportunities and the like. When the outer Wilmington and the kind of all-white suburbs, you were hearing a more vocal cry for increasing cops, increasing prisons, and really cracking down on those tough-on-crime measures that came to the cities. So again, Biden is caught between political problem, but also one that’s divided pretty clearly on racial lines.michael barbaroAnd so what does he do? astead herndon— the “three strikes and you’re out” kind of policy — archived recording (joe biden)I have argued that the least effective remedy to be imposed is the busing remedy. michael barbaroDo you think it’s possible that he might fear that if he apologizes, that that might weaken him more with moderate voters who don’t feel that Americans should have to apologize for that period, for those instincts, and for those policies?astead herndonI think that’s a big possibility. I also think Joe Biden was acting in what he believes was good faith, even at that moment, and what he thinks was the evidence in front of him and the context of the time. I think it’s important to always go back to Delaware with him. And in the moment that he comes up in, it is part of his personal and political identity that he was an advocate for the black communities and that he was performing a new role and, frankly, public service to those communities that white politicians had not done in that state. And so I think it’s bigger than just the political realities of right now and what apologizing would mean. To apologize would go to the heart of what his identity has been since he got in public office in the 1970s.michael barbaroMm-hmm. And he’s just not willing to apologize for that. Because in fact, he’s still proud of it.astead herndonThe evidence in front of us tells us that’s true. He was praising the crime bill just years ago. And he has called it, at some points, his greatest accomplishment. And he has shown a real resistance to the many opportunities that activists and other rivals have given him to say that those actions were a mistake.[music]michael barbaroAstead, thank you very much. We appreciate it.astead herndonThanks for having me.michael barbaroWe’ll be right back.Here’s what else you need to know today. On Tuesday, the Trump administration said it would end its attempts to ask about citizenship on the 2020 census, dropping the proposed question from the survey. The decision comes just days after the Supreme Court ruled that the administration had failed to offer a compelling explanation for including the question, which critics said was an attempt to discourage undocumented immigrants from filling out the census, and ultimately, skew the results of the census in favor of Republicans. And House Democrats have filed a lawsuit against the Treasury Department and the Internal Revenue Service, demanding access to President Trump’s tax returns. The lawsuit moves a months-old political dispute between Congress and the White House into the federal courts. At the heart of the fight is whether Congress has the legal right to review the president’s personal financial information. The White House says that such requests must be limited to materials needed to draft laws. House Democrats say that their powers are far broader and are not subject to second-guessing by the executive branch.That’s it for “The Daily.” I’m Michael Barbaro. See you on Friday, after the holiday. astead herndonAnd Joe Biden runs for Senate in 1971 as a new type of Democrat — archived recording (jesse jackson)This ill-conceived bill, fed by a media frenzy over crime, was on the fast track to the president’s desk for signature by Christmas. archived recording (joe biden)If we want to have this campaign litigated on who supports civil rights and whether I did or not, I’m happy to do that. I was a public defender. I didn’t become a prosecutor. I came out, and I left a good law firm to become a public defender, when, in fact — [APPLAUSE] — when, in fact, my city was in flames because of the assassination of Dr. King. astead herndonThere’s this split screen of Joe Biden that you often hear about when you talk to people in Wilmington. There is the neighbor who would go to black churches, would know the kind of leaders by name, and the issues they were advocating for. But then in Washington, you have a Joe Biden that is using those stories of Wilmington to kind of pass more tough-on-crime measures that some in that community say they weren’t asking for. In 1977, he first proposes mandatory minimums for drug sentences. And through the ‘80s, in his connection with Strom Thurmond, they end up passing a really kind of significant set of bills. astead herndonWe know that Joe Biden very rarely apologizes. But it was not until this year that you really have an articulation from Vice President Biden that he played a role as a senator in creating some of these disparities. archived recordingIt’s going nationwide, especially among the young, a drug so pure and so strong, it might just as well be called crack of doom. On its most literal level, it was two top-tier Democrats having the most confrontational, direct moment we’ve seen in the primary so far. michael barbaroAnd what do we understand about how the black community back in Delaware felt about these tough crime measures at the time?astead herndonJoe Biden talks about, to this day, in his presidential campaign, they make a big point to say that the Congressional Black Caucus overwhelmingly voted for the bill and that black leaders at the time were very supportive of the bill. That is partly true. The Congressional Black Caucus certainly backed the bill after showing some initial wariness. The majority of its members voted for it. There were some vocal black mayors who were calling for these particular measures. But there were also some who were against it. astead herndon— a Democrat who understands black communities and has personal and deep relationships in those communities, but as a Democrat who can also unite the kind of outer portions of the state, which saw those issues very differently. astead herndonThe head of the Congressional Black Caucus spoke out against it. Representatives like Bobby Scott said they knew that the kind of increase of police in these neighborhoods would cause detrimental effects.michael barbaroRight. So what turns out to be, over time, the actual impact of all of these bills, including the biggest of them all, that 1994 crime bill, in the years that followed?astead herndonThe undeniable impact is an explosion of America’s prison population that has disproportionately affected black and brown communities. So coming out of the ‘80s and ‘90s, you have a pretty clear articulation from then-Senator Biden that cops and the expansion of cops is a preventative measure. astead herndonYou get a court order in the late ‘70s that says that Delaware schools are too racially segregated, and they must form a plan for racial integration. And a plan is instituted by the courts that says, from the city in Wilmington, which is majority black, and the suburbs outside of it, that both those groups of students were for some portion of their schooling going to have to bus to the opposite community. So for the kind of inner city students, which are majority black, they were going to have to go out to the suburbs for six years. And the outer suburbs would have to come into Wilmington schools for about three years. So this becomes the plan that’s put in place that inflames those racial tensions on both sides of the state.michael barbaroAnd what is Biden’s opposition to that specific solution?astead herndonThat the idea of integration was not a problem, but it was how the courts were forcing them to go about it. You have to think — if you were a parent in the suburbs, which is almost exclusively white, who had made that choice for your family almost entirely around the school district that your child was supposed to go into. And then there is a court order that comes down that says not only are different people coming to that school, but that your child is going to be put on a bus to a different school. That is the logic that those parents used to oppose the idea of busing. And so at one point in 1975, Joe Biden says, the real problem with busing is you take people who aren’t racist, people who are good citizens, who believe in equal education and opportunity, and you stunt their children’s intellectual growth by busing them to an inferior school. And you’re going to fill them with hatred.michael barbaroSo Biden is sympathizing with white parents in the suburbs who are suddenly feeling dislocated by this decision. But what about black parents in this city whose children would be bused to these theoretically better schools in the suburbs? What is Biden saying to them?astead herndonThis is an important point. Although the kind of white suburbs were almost uniformly against busing, somewhat because of the method and sometimes because of pure racism, in black communities, particularly in Wilmington, there is not universal agreement on this issue. There is universal consensus that integration is important and that their schools had not been adequately funded or not been adequately supported by the state. But when you look at polling and when you talk to people at the time, the actual issue of busing is controversial. Remember, these parents themselves had to send their children further away into neighborhoods and communities that may have not always been welcoming to those students. So it wasn’t universally loved. In one poll, about 40 percent of black parents supported the idea, 40 percent were against it, around 20% were unsure. Joe Biden tries to take a nuanced position, where sometimes it seems like he is a vocal opponent of the idea of busing and that he is signaling to the kind of white Delaware that he is their advocate. archived recording (bill clinton)“Three strikes and you’re out” will be the law of the land. michael barbaroFrom The New York Times, I’m Michael Barbaro. This is “The Daily.”Today: In the Democratic race for president, Joe Biden is being asked to confront a record on race that some in his party now see as outdated and unjust. Astead Herndon on the policies Biden embraced and how they were viewed when he embraced them.- Advertisement – It’s Wednesday, July 3. archived recording (bill clinton)We have the tools now. Let us get about the business of using them. archived recording (joe biden)I applied to the city of Wilmington for a job, and I was the only white employee here. And I learned so much. And I realized that I live in a neighborhood where I could turn on the television, and I’d see and listen to Dr. King and others. But I didn’t know any black people. No, I really didn’t. You didn’t know any white people either. That’s the truth. archived recording (joe biden)And on the issue that the argument is about — and that is whether or not busing is, A, required constitutionally, and B, has a utilitarian value for desegregation — I come down on the side of A, it is not constitutionally required, and B, it is not a useful tool. archived recording (joe biden)I’m Joe Biden, and I’m a candidate for the United States Senate. But it also felt like this was about the details of a specific policy that Biden was a part of. And most of us probably don’t really understand what his intentions were or what the context of that policy was. So take us back to that time. Where was Joe Biden in his political career?astead herndonWell, Joe Biden began as a lawyer in Wilmington and, eventually, a city councilor in the county. And he was emerging at a really racially contentious time within the city and state. astead herndonJesse Jackson spoke out against it. astead herndon— around the explosion of drugs in cities — archived recording (joe biden)Not enough prosecutors to convict them, not enough judges to sentence them, and not enough prison cells to put them away for a long time. archived recording (joe biden)Before I start, I’d like to say something about the debate we had last night. And I heard, and I listened to, and I respect Senator Harris. But we all know that 30 seconds to 60 seconds on a campaign debate exchange can’t do justice to a lifetime committed to civil rights. archived recording (bill clinton)Thank you, Mr. Vice President, for your introduction and for your labors on this bill. archived recordingCrack, the most addictive form of cocaine, is now sweeping New York. archived recording (kamala harris)I do not believe you are a racist. And I agree with you when you commit yourself to the importance of finding common ground. But I also believe — and it’s personal. And I was actually very — it was hurtful to hear you talk about the reputations of two United States senators who built their reputations and career on the segregation of race in this country. And it was not only that, but you also worked with them to oppose busing. And there was a little girl in California who was part of the second class to integrate her public schools. And she was bused to school every day. And that little girl was me. So I will tell you that on this subject, it cannot be an intellectual debate among Democrats. We have to take it seriously. We have to act swiftly. michael barbaroAstead, to the average American watching the debates last week, what do you think that this now famous confrontation between Joe Biden and Kamala Harris seemed to be about?astead herndon- Advertisement – archived recording (joe biden)Politicians have done such a job on the people that the people don’t believe them anymore. And I’d like a shot at changing that. archived recording (joe biden)Where the court has concluded that a school district, a state, or a particular area has intentionally attempted to prevent black, or any group of people, from attending a school, the court should and must declare that to be unconstitutional and thereby move from there to impose a remedy to correct the situation. astead herndonIt was part of his identity and part of his brand that he cared about civil rights, understood the plight of African-Americans in Wilmington, but also, he understood that kind of outer white Delaware was really motivated around grievance at the time. In 1971, a group of black students had filed a lawsuit in hopes to get the schools to further desegregate. And so the question of school segregation and school integration was very much on the forefront of the state’s politics. And at the exact same time, that’s when the young Joe Biden makes his way to Capitol Hill.michael barbaroAnd what was Biden’s position when it came to desegregation? archived recordingIn April, after the murder of Martin Luther King, the National Guard was called out in several cities to put down riots. One of these cities was Wilmington, Delaware. But now, in Wilmington, the National Guard is still on duty. And the governor, Charles Terry, has no plan to send it back. archived recording (joe biden)That Barack and I finally reduced the disparity in sentencing, which we had been fighting to eliminate, in crack cocaine versus powder cocaine. It was a big mistake when it was made. We thought we were told by the experts that, crack, you never go back. It was somehow fundamentally different. It’s not different. But it’s trapped an entire generation. archived recordingThe truth is every major crime bill since 1976 that’s come out of this Congress has had the name of the Democratic senator from the state of Delaware, Joe Biden, on that bill. astead herndonHe felt that the kind of presence of police officers, the increased presence of police officers in these communities, would inherently mean that crime would go down. As the years have gone on, it has become clear that the actual effect was not that, but was the disruption of the communities themselves. When I was in Wilmington talking to folks there, they were saying by 1994, it was already clear that the tough-on-crime kind of measures of the ‘80s weren’t working on the streets. It was not decreasing crime, but more importantly, it was causing a kind of incarceration effect that didn’t have the terminology for mass incarceration that we now call it, but it was clear that communities were getting ruptured by the increase in sentences and the increased focus on tough-on-crime measures.michael barbaroAnd of course, the legacy of busing is that we’ve seen a resegregation of the U.S. school system, because the job was never really done.astead herndonExactly. There is a narrative that busing failed, but the truth is kind of murkier. Busing, as a policy, often did achieve its goals and racially integrate the places it was instituted. What failed was the political will to keep those measures in place that made integration happen and to see racial integration of schools as a necessary problem to solve. So in the last decades, you have not only overturned to pre-busing segregation levels, but in some places, you have racial segregation in schools becoming even worse than they were, or just as bad as they were, at the time of Brown v. Board of Education.michael barbaroSo Astead, it seems like what we’re seeing in the debate last week, in this exchange between Harris and Biden, was that Biden is going to have to confront these past policies as their legacies are understood in the current moment. And that means complicated legacies with real implications, many of them quite negative for the black community.astead herndonJoe Biden is being — his whole record is being examined in new ways. He’s run for president twice before, but never as a front-runner and never as someone who enjoys this amount of support among black communities. Remember, this is still the vice president to the first black president. This is still the person who is seen, oftentimes, as the most likely to beat President Trump in the Democratic Party, which black communities have often seen as their number one goal. So he’s enjoying this kind of support, robust support, among black communities, while at the same time, his rivals are trying to use his record, particularly on busing and crime, to wrest away those votes. And I think that’s a really interesting question, is will these moments, like the one Senator Harris made happen in the debate, will they start to chip away at that image of him as a champion and an advocate for black communities? As people come to understand the record and as people come to understand the context of Delaware at the time, will he be seen as someone who was navigating a difficult racial terrain or as someone who kept black people close, but fundamentally legislated in the interests of white communities?michael barbaroAnd so the question is, will voters evaluate him for what he was trying to accomplish in the ‘70s, and the ‘80s, and the ‘90s, or for what we now understand the impact of those bills to have been up through today? I wonder if you have any sense of how black voters are seeing that from your reporting.astead herndonI spent a lot of time in South Carolina, where we have the biggest population of black voters in the early states. And Joe Biden enjoys a large amount of goodwill in those places. What that is not is a deep connection to Joe Biden as an individual. As I heard someone say recently, his support is wide, but it’s thin. I think that people vote on a lot of different levels. Voting based on policy and record is one of them. Voting based on emotion, and feeling, and connection is another. And I think in this era for Democrats, and particularly for black Democrats who feel as if Trump has brought in a new era of white identity politics, there’s voting based on fear. And what you hear in South Carolina is not that they want to vote for Joe Biden because they believe in the things that he has done. But they see him as kind of an emergency fix to a much worse problem for them, which they believe is the presidency of Donald Trump.michael barbaroAstead, is what you’re saying the black voters may be more inclined to go with a safe choice, because in their mind, in this racial climate and in this political climate, the alternative, which is not winning the presidency, is far more threatening than a Democratic candidate with a debatable historical record on race?astead herndonYep. And I think it’s important to make distinctions when we talk about black voters. We particularly see that kind of calculation among older black voters and black voters who are in the South. Now among younger voters, we see a bigger willingness to reject Joe Biden because of some of those records and to embrace candidates who are talking more explicitly and openly about structural changes to create racial equity. But among the older voters, who remain the real heart and soul of the black vote and a sizable portion of the Democratic electorate, it’s that calculation of safety that’s really helping Joe Biden right now. But we should also say that among those older voters, many of them can remember 1994 and remember the 1980s and may have themselves supported these bills and seen their thinking change as well. And I think that’s the important thing to not forget, is just as Joe Biden has evolved, so have many of these people. And I’ve talked to people who don’t see what he did as particularly invalidating, frankly, because they have experienced that same evolution. And sometimes, I have talked to people who said that ‘94 crime bill ruined their homes, and they also say they can’t wait to vote for Joe Biden in the primary. astead herndon— and the violent crime that often associated and came with them. astead herndonBut in the bigger, more abstract view, these were two different generations of Democrats. One, a barrier-breaking, younger black senator, pushing the old guard, the senator who came in the 1970s, who had relationships with segregationists and avowed racists. She was pushing him on racial issues and trying to hold him accountable for how the Democratic Party has handled issues of race for decades leading up to this point.michael barbaro- Advertisement – michael barbaroWell, so Astead, what do you make of how defensive Biden has been to these criticisms and these questions about his legacy, rather than acknowledging, a lot has changed since then. I was doing what I thought was best in the moment. I now see, I now understand that it played out differently than I expected.astead herndonThis is a question I’ve thought a lot about. If by the early 1990s, it was clear to the cops on the ground in Wilmington that the tough-on-crime measures didn’t work, that the disparities that were created in the ‘80s between crack and cocaine were disproportionately hurting black communities, why did it take until this year for Joe Biden to acknowledge it himself? And we don’t have clear answers to that. archived recording (joe biden)In a nutshell, the president’s plan doesn’t include enough police officers to catch the violent thugs. archived recording (jesse jackson)Spending several billion dollars on prisons and longer sentences is not the answer to reducing crime. astead herndon— where, if you had three instances of drug offenses or violent drug offenses, it would be an instant life sentence. archived recordingIt’s the devil — see, this cocaine ain’t nothing but the devil, and the devil was telling me to do it. – Advertisement –
A defiant President Donald Trump accepted the Republican nomination for a second term on Thursday with a blistering attack on Democratic rival Joe Biden, asserting that a Biden victory in November would only exacerbate the racial strife and coronavirus pandemic besieging the nation.Speaking from the White House South Lawn despite criticism he was using the executive residence as a political prop, Trump portrayed Biden, a career politician with a long record as a moderate, as a far-left extremist who would usher in a lawless, dangerous America.”This election will decide whether we protect law-abiding Americans, or whether we give free rein to violent anarchic agitators and criminals who threaten our citizens,” Trump said on the fourth and final night of the Republican National Convention in a rambling speech that lasted more than an hour. In trying to paint Biden as a tool of the “radical left,” Trump also distorted the Democrat’s policy positions on a host of other issues, including immigration, guns, law enforcement, abortion and energy production.As the night unfolded, Biden struck back on Twitter, writing, “When Donald Trump says tonight you won’t be safe in Joe Biden’s America, look around and ask yourself: How safe do you feel in Donald Trump’s America?”The made-for-television scene – befitting the first reality TV host to serve as president – stood in marked contrast to Biden’s acceptance speech last week, which was broadcast live from a largely empty arena in a nod to the disease.The crowd, seated in white chairs inches apart, showed little evidence of social distancing or face masks despite health experts’ recommendations.The coronavirus prompted both political parties to scale back their conventions and make events mostly virtual. The Trump campaign said it had taken appropriate health precautions.In a reminder of the country’s divisions, attendees could hear anti-Trump protesters at nearby Black Lives Matter Plaza as he spoke.More than 180,000 deathsMore than 180,000 people have died in the United States from the coronavirus – more than any other country, according to a Reuters tally – amid a fresh wave of protests over the latest high-profile police shooting of a Black American.In Kenosha, relative calm returned after three nights of civil strife ending on Tuesday, including arson, vandalism and deadly shootings.Trump, a former New York real estate developer, is seeking to turn around a re-election campaign that has been largely overshadowed by a health crisis that has put millions of Americans out of work.In his speech on Thursday, Trump repeated his assertion that China is to blame for the pandemic and promised to rebuild what Republicans have called the “greatest economy” in history. But opinion polls have shown most Americans are disappointed in his response to the coronavirus, which he played down for weeks.While his approval rating among Republican voters remains high, dissent is mounting within the party. In three open letters being published on Thursday and Friday, Biden won endorsements from more than 160 people who worked for Republican former President George W. Bush or for past Republican presidential candidates Mitt Romney and John McCain, the New York Times and Politico reported.Earlier this week, 27 former Republican lawmakers endorsed Biden while the Lincoln Project, among the most prominent Republican-backed groups opposing Trump, said a former Republican Party head had joined it as a senior adviser.Thursday’s program aimed to counterbalance those defections, featuring a video showcasing former Democratic voters who say they now support Trump and remarks from US Representative Jeff Van Drew, who abandoned the Democratic Party to join the Republicans after voting against Trump’s impeachment this year.”Joe Biden is being told what to do by the radicals running my former party, the same radicals trying to install him as their puppet president,” he said.The program also included several emotional appeals, including from the parents of Kayla Mueller, an aid worker who died after being held captive for months by Islamic State militants in Syria. The Mueller parents said they blamed the Obama administration for failing to rescue Mueller.Trump kicked off the week on Monday by accusing Democrats of seeking to steal the election by advocating for mail-in voting. His previous high-profile speeches have also emphasized grim themes, including his inaugural address in January 2017 that described “American carnage.” Topics : “No one will be safe in Biden’s America.”Despite the pandemic, Trump delivered his remarks in front of more than 1,000 people, standing in front of dozens of American flags and basking in chants of “Four more years!” and “USA.!”Though an incumbent, Trump remains a self-styled outsider, an approach that won him the White House, his first elected office, in 2016 on a promise to end the crime and violence he said was afflicting the country.After days of civil unrest and violence in Kenosha, Wisconsin, where on Sunday police shot a Black man, Jacob Blake, in the back, Republicans on Thursday sought to turn the chaos to their advantage by claiming Biden would “defund the police.” Biden has rejected that position.
10 Grace Street, Mitchelton, Qld 4053A THREE bedroom home has come in under suburb median for a pair of first home buyers, but they will have a bit of work to do to get it up to scratch.The single bathroom, single car garage home at 10 Grace Street, Mitchelton, sold for $525,000, about $15,000 less than the owners had originally priced the home at.The figure was less than the suburb’s median house price of $640,000. The area is classed a high demand market by realestate.com.au with 671 visits per property, higher than the Queensland average (316). More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019Agent Michael Mills of Denovans had marketed the property as one that had “charm, space and potential” and attracted “several offers along the way”.He said a young couple bought the property but would need to put in a bit of elbow grease and money on upgrades.“Things like polished floors, bit of gardening, landscaping, extension, deck or veranda, that’s what the buyers are intending to do,” he said. “They’re first home buyers. They have a bit of work to do. I think there was a little too much work for some buyers. I had quite a few buyers through and several offers along the way.”He said the market was quite as the election neared.“One thing I’ve noticed is there’s not as much stock around at the moment. This time of year in past years, spring into summer has been a good selling time. Sometimes when there’s election about that’s slows it up. I think buyers and sellers will come back out in force after elections are over.”
Pension funds still have a few years to benefit from the current dislocation of the credit market, according to the head of investments at a £3.3bn (€4bn) UK local authority pension scheme.Speaking with IPE magazine for a special report on credit in the May issue, Mark Lyon of East Riding Pension Fund said that, in 2010, he had initially predicted a 3-5 year period of banks retreating from lending, but now believed the retrenchment could last up to 10 years.“Much of what we’ve done in alternatives has been about taking advantage of the dislocation in credit markets,” he said, noting that the fund had opted to invest in senior real estate debt, but also less commonplace asset classes such as aircraft leasing.“While I wouldn’t class aircraft leasing as credit because the majority of our investments are in the equity part of the capital structure, the drivers of the return opportunity are very similar,” Lyon added. “The banks are no longer there, so that has led to a bit of an outsized return, plus an illiquidity premium and a premium for being a less well-known asset class in the UK.”Lyon, who prior to joining the local government sector worked in corporate finance at BDO Stoy Hayward, was unsure whether the fund would necessarily return to traditional risk-free fixed income allocations once markets normalised, noting that it depended on how much the normalisation diluted returns.“If we go back to where we were in 2006-07, particularly in areas like corporate mezzanine debt – where I have some concerns already that the level of covenant-like deals and leverage ratios that are coming through – then it’s unlikely that a fund like ours would hang in there.”For more on credit investment, see the special report in the May issue of IPE magazine
Sharing is caring! Share 7 Views no discussions Share Daryl Vaz. Image via: nynetnews.comKINGSTON, Jamaica (JIS) — Jamaica’s Minister of Information, Daryl Vaz has called on media practitioners to take a more professional approach to reporting and to stop the practice of speculative and sensational journalism.He made specific reference to a matter of extradition reported in the media this week. Vaz, who was speaking at Thursday’s post cabinet press briefing, said the media reports of the extradition of politicians has been driven by a particular source and lawyer aided and abetted by journalists and talk show hosts, who give ample time for speculation and rumour to be discussed as news.Vaz said he had spoken with the prime minister, deputy prime minister and the minister of justice, who have all indicated that the government of Jamaica has not been informed of any such thing in any area of government.“I intend for what it is worth to write to the Press Association of Jamaica so that I can put on record not only the government’s dissatisfaction but that of well thinking Jamaicans…. I find it unprofessional, distasteful and disingenuous. I urge the media to stop it regardless of who is in government… This is not productive neither is it in anyone’s interest or productive to have rumour and speculation become headlines in newspapers and news stories,” Vaz emphasized.Caribbean News Now Tweet Share NewsRegional Unprofessional approach to journalism must stop, says Jamaican minister by: – October 15, 2011
14 Views no discussions Tweet NewsRegional Reflections of Fidel: The overwhelming victory of Daniel and the FSLN by: – November 11, 2011 Share Share Share Sharing is caring! Fidel Castro. Image via: globalresearch.caON Sunday, November 6, 72 hours ago, there was a general election in which Nicaragua’s Daniel Ortega and the FSLN won an overwhelming victory.Perhaps by chance, the following day was the 94th anniversary of the glorious Soviet Socialist Revolution. Indelible pages of history were written by Russian workers, peasants and soldiers, and the name of Lenin will forever shine among men and women who dream of a just destiny for humanity.These issues are constantly more complex and efforts invested in educating new generations will never be sufficient. For that reason, today I am dedicating a space to comment on this event, in the midst of so many taking place every day on the planet and of which news arrives in a growing number of ways barely imaginable a few decades ago.I must say that the elections in Nicaragua were in the traditional and bourgeois style, which has nothing just or equitable about it, given that the oligarchical sectors, anti-nationalist and pro-imperialist in nature, as a rule have a monopoly on the economic and publicity resources which – in general and particularly so in our hemisphere – are in the service of the empire’s political and military interests. This precisely highlights the magnitude of the Sandinista victory.This is a truth which is well known in our homeland since Martí died in combat in Dos Ríos on May 19, 1895, “so that the independence of Cuba will prevent in time the expansion of the United States throughout the Antilles, and that nation falling, with even more force, upon our American lands.” We will never tire of repeating it, especially after our people have demonstrated their capacity to withstand half a century of that empire’s sustained economic blockade and brutal aggression.However, it is not hatred which moves our people, but ideas. They gave birth to our solidarity with the people of Sandino, the General of free men and women, whose deeds we read about with admiration as students more than 60 years ago now, and lacking the marvelous cultural perspectives of those who, in a few days, together with high school students, will participate in what has become a beautiful tradition: the University Books and Reading Festival.The heroic death of the Nicaraguan hero who fought against the yankee occupiers of his territory was always a source of inspiration for Cuban revolutionaries. There is nothing strange about our solidarity with the Nicaraguan people, expressed since the very first day of the revolutionary triumph in Cuba on January 1, 1959.Yesterday, November 8, Granma recalled the heroic death in 1976, barely two and a half years before the FSLN triumph, of its founder Carlos Fonseca Amador, “the tayacán [daring leader] conqueror of death,” as a beautiful song written in his memory says, “bridegroom of the Red and Black Homeland, all of Nicaragua cries out for you ‘Present.’”I know Daniel well; he never adopted extremist positions and was always invariably faithful to basic principles. Charged with the presidency, based on a collegiate political leadership, he was characterized by his respectful conduct in the context of the varying points of view of compañeros from tendencies which emerged within Sandinism at a certain stage of the struggle before the triumph. He thus became a promoter of unity among revolutionaries and he maintained in constant contact with the people. The great influence that he acquired among Nicaragua’s poorest sectors is due to that.The profundity of the Sandinista Revolution earned him the hatred of the Nicaraguan oligarchy and yankee imperialism.The most atrocious crimes were perpetrated against his country and his people during the dirty war that Reagan and Bush promoted by the administration and the Central Intelligence Agency.Countless counterrevolutionary bands were organized, trained and supplied by them; drug trafficking became the instrument for financing the counterrevolution and the tens of thousands of weapons brought into the country resulted in the death or injury of thousands of Nicaraguans.The Sandinistas maintained elections in the midst of that unequal and unjust battle.This situation was compounded by the collapse of the Socialist camp, the imminent disintegration of the USSR and the beginning of the Special Period in our homeland. In these highly difficult circumstances and in spite of the majority support of the Nicaraguan people, expressed in all the opinion polls, a victorious election was made impossible.The Nicaraguan people were once again forced to endure almost 17 years of corrupt and pro-imperialist governments. The indicators for the health, literacy and social justice implemented in Nicaragua began to fall painfully. However, under Daniel’s leadership, the Sandinista revolutionaries continued their struggle throughout those bitter years, and once again the people restored the government, albeit in extremely difficult circumstances which demanded maximum experience and political wisdom.Cuba continued under the brutal yankee blockade, additionally suffering the harsh consequences of the Special Period and the hostility of one of the worst murderers who has governed the United States, George W. Bush, son of the father who had promoted the dirty war in Nicaragua, terrorist Posada Carriles’ liberty to distribute arms among Nicaraguan counterrevolutionaries, and who pardoned Orlando Bosch, the other mastermind of the Cubana passenger plane sabotage.However, a new stage was beginning in our America with the Bolivarian Revolution in Venezuela and the coming to power in Ecuador, Bolivia, Brazil, Uruguay, Argentina and Paraguay of governments committed to the independence and integration of the Latin American peoples.With satisfaction, I can moreover affirm that Cuba’s solidarity with the homeland of Sandino never ceased in the field of political and social solidarity. In all justice, I should point out that Nicaragua was one of the countries which best utilized Cuba’s collaboration in health and education.The thousands of doctors who have volunteered their services in that heroic sister country feel highly motivated by the Sandinistas’ excellent use of their efforts. The same could be affirmed in relation to the thousands of teachers who, once in the early phase of the process, went to the remotest mountain regions to teach campesinos to read and write. Today, educational experiences in general and particularly the practices of medical teaching derived from the Latin America School of Medicine, in which thousands of excellent doctors have been trained, have been transferred to Nicaragua. These realities constitute an excellent stimulus for our people.These details that I am mentioning are no more than an example of the prolific efforts of Sandinista revolutionaries for their homeland’s development.The fundamental aspect of Daniel’s role and in my opinion, the reason behind his overwhelming victory, is that he never moved away from his contact with the people and the incessant struggle for their well-being. Today he is a veritably experienced leader who was capable of managing complex and difficult situations, starting with the years during which his country was once again under the aegis of rapacious capitalism. He knows how to manage complicated problems in an intelligent manner, what he can or cannot do, what he must or must not do to guarantee peace and the sustained advance of the country’s economic and social development. He knows very well that the resounding victory is due to his heroic and valiant people, through their broad participation and close to two thirds of votes in his favor. He was capable of achieving close links with workers, campesinos, students, youth, women, technicians, professionals, artists and all the progressive sectors and forces sustaining the country and contributing to its advance. I believe that the call to all democratic political forces prepared to work for the country’s independence and economic and social development is very correct.In the current world the problems are extremely complex and difficult. But while the world exists, we small countries can and must exercise our rights to independence, cooperation, development and peace.Fidel Castro RuzNovember 9, 2011, 8:12 p.m.
Echoing comments from President Thomas Bach on a conference call with select Japanese media last week, the Executive Board “expressed its full commitment to the success of the Olympic Games Tokyo 2020 taking place from July 24 to August 9”, according to a statement from the IOC. Bach said the IOC remains “very confident” of a successful Games in the Japanese capital. Earlier, Japan’s Olympics Minister Seiko Hashimoto said the Host City Contract “calls for the Games to be held within 2020”. “That could be interpreted as allowing a postponement,” Hashimoto said in response to a question in Japan’s Parliament. Fears surrounding the coronavirus, which has killed 3,130 people and infected more than 92,000 worldwide, has sparked suggestions the Olympics and Paralympics may be cancelled or postponed. But the IOC has repeatedly insisted the Games will be held as planned, despite the virus spreading to more than 60 countries, and has attempted to quash rumours to the contrary. The IOC has encouraged athletes to “continue to prepare for the Olympic Games Tokyo 2020”, and said it was continuing to follow advice from the World Health Organization. Promoted ContentWhat Happens To Your Brain When You Play Too Much Video Games?Playing Games For Hours Can Do This To Your BodyLittle Georgie Henley Has Grown Into A Beautiful Swan!Did You Notice How Natural Simba’s Movements Looked In The Movie?6 Incredibly Strange Facts About HurricanesFantastic-Looking (and Probably Delicious) Bread Art9 Facts You Should Know Before Getting A TattooThe Very Last Bitcoin Will Be Mined Around 2140. Read More7 Ways To Understand Your Girlfriend Better7 Universities In The World With The Highest Market ValueThe Models Of Paintings Whom The Artists Were Madly In Love WithWhich Country Is The Most Romantic In The World? Loading… International Olympic Committee (IOC) has reiterated its commitment to holding this year’s Olympic Games in Tokyo as scheduled amid continued concerns over the impact of the coronavirus outbreak on the event. “The IOC Executive Board heard a report on all the measures taken so far to address the coronavirus situation, which was followed by a comprehensive discussion,” the IOC statement said. IOC Presidential spokesperson Mark Adams said possible options should the situation deteriorate had not been discussed. “There is no international travel ban and all the advice that we are getting is that the Games can and will go ahead,” Adams said. “At this precise time, we are expecting the Games to begin on the 24th of July.” IOC doyen Richard Pound warned last week that a decision on whether Tokyo 2020 goes ahead would have to be made by the end of May, should one be required. Pound, a former IOC vice-president, claimed it was more likely the event would be cancelled than postponed but stressed: “all indications are at this stage that it will be business as usual”. The virus has wreaked havoc on the sporting calendar and numerous events, including Olympic qualifiers and Tokyo 2020 test events, have been cancelled, postponed or relocated. Read Also:Tokyo 2020: IOC to continue to follow WHO on Coronavirus’ issue Tokyo 2020 today cancelled a wheelchair rugby test event, while others in sports such as sport climbing and boccia are set to take place using officials in place of athletes. FacebookTwitterWhatsAppEmail分享
Here we are on another Memorial Day. It will be a day without the Indianapolis 500 and without a double header on the baseball schedule. When I was a kid, there were several things you could be sure of on Memorial Day. The first was that somebody in the area would have a large parade honoring our military. I understand that there still are parades on Memorial Day but not the massive ones of years gone by.The second is the Indianapolis 500. Because of television coverage it was moved to Sunday so more people were likely to watch it. Of course, with auto racing sometimes the weather does push it back to Memorial Day or beyond–but only if weather does not cooperate.The third thing that is missing today is the possibility that someone in major league baseball will play a double header. Memorial Day and Fourth of July were always double headers until players made more money and decided their bodies were not made to play two games in one day. If you see a double header today, it will be a day-night double header so they can charge separate admission for each game.Oh, well! I guess I will just have to be satisfied with a good picnic gathering at my house and quit complaining.
FRANKLIN COUNTY, Ind. — Two people were hospitalized after a two-vehicle accident in Franklin County.Around 1:30 on Thursday, the Franklin County Sheriff’s Department responded to the accident on Oxford Pike at its intersection with Springfield Road.According to Police, Victoria Brown, 21, of Brookville was traveling north on Springfield Road and failed to yield to a vehicle driven by Lori K. Miller of Oxford, Ohio.Both vehicles came to rest in a field north of the roadway.Both drivers were transported to the hospital for treatment of their injuries.