Tuesday 14 September 2010 9:01 pm A law of unintended consequences haunts those who rewrite the rules whatsapp WHEN rival financial centres rewrote their rulebooks to their own disadvantage, London pounced. If current proposals are mishandled, the City’s competitors will be more than ready for the chance to steal back some of the UK’s financial thunder.In the last half-century, America’s regulators have unwittingly been some of the City’s best friends. Their generosity began with the introduction of America’s Interest Equalisation Tax in 1964 as a temporary measure – subsequently extended again and again. It was intended to reduce the balance of payments deficit by taxing Americans for acquiring foreign-issued stocks and debt obligations. In practice, US investors decided that they wanted to free their offshore dollars from the onerous US controls. Capital outflows continued, with London’s eurodollar market the main beneficiary, while the US capital market saw sales by European and Japanese issuers decline from $326m in the first half of 1963 to under $40m in 1964. Subsequent tax changes were too late to slow the development of the market that had been created in London.In 2002, American regulation once again gave London an inadvertent helping hand with Sarbanes-Oxley (Sarb-Ox). Under pressure after the Enron and WorldCom scandals, politicians passed Sarb-Ox to enhance US accounting standards. The increased weight of compliance drove companies elsewhere, and to London in particular. Notably, the flourishing of London’s Alternative Investment Market has been linked to the fallout from Sarb-Ox. In 2007, Senator Charles Schumer and New York’s Mayor Michael Bloomberg warned that New York could lose its status as a major financial centre within 10 years.Professor Niall Ferguson, author of The Ascent of Money, told City A.M. that history shows just how careful regulators need to be. “Financial history is littered with the unintended consequences of regulatory changes. From the Interest Equalisation Act to Sarb-Ox, New York has repeatedly suffered setbacks because of mistakes made in Washington. It is too early to tell if Dodd-Frank will have similar damaging effects. A lot will depend on how uniformly Basel III is applied and on what the EU and national governments decide to do. If I had to make a bet it would be that London will end up being hurt more by new European rules than New York is hurt by the new American rules.”London cannot rely on American mistakes to keep it competitive. With risks from new European regulations in play, there is all the more reason not to add to the danger by rushing through changes at home. KCS-content Tags: NULL More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comPuffer fish snaps a selfie with lucky divernypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Show Comments ▼ whatsapp Share
Tags: Mobile Online Gambling Email Address Casino & games 9th September 2019 | By contenteditor Hesse has repeated its threat to break away from Germany’s other 15 federal states and develop its own regulatory framework for gambling should lawmakers fail to overhaul the country’s laws by 2021. Hesse has repeated its threat to break away from Germany’s other 15 federal states and develop its own regulatory framework for gambling should lawmakers fail to overhaul the country’s laws by 2021.The state’s Minister for the Interior Peter Beuth warned that should the state’s calls for an end to the prohibition on in-play wagering and online casino go unheeded, it would cease working toward a federal model.The Regional Council of Darmstadt is preparing to begin processing federal sports betting licence applications from January 2020. Beuth said this was being done to break the legal impasse and channel players away from illegal offerings.“The limitation to 20 licences can finally be removed, and the Hessian demand for a qualitative licensing process has been taken into account,” Beuth said. “Only with a legal offering can we prevent players drifting towards the black market, and at the same time enforce the important goals of addiction prevention and he protection of minors.”But he added that further changes to regulations were necessary to properly kick-start the regulation of the market.The third amended State Treaty on Gambling, signed by the heads of government in March, expires on 30 June, 2021, with the intention of having a new framework agreed upon and implemented from that date.“Hesse has been working for years to create the basis for a gambling regulatory model that makes playing in the legal market attractive,” Beuth said.“It makes no sense to completely regulate the interests of the players. For example, a blanket ban on in-play betting is not realistic. Similarly, online casino games should be allowed because only legal games can be effectively regulated.”Beuth said that for this to be possible, a new federal regulatory body,which could act as the central licensing and enforcement authority for the market, must be created, as well as an enhanced self-exclusion system.However he added that Hesse would only continue to work towards the federal framework if such changes were accepted.“If our other amendments remain unheeded, Hesse will have to introduce its own gambling laws,” he said. “In 2021, a simple ‘keep it up’ will not be supported by us,” he explained. “If necessary, we will create our own state legislation.”In related news, Hesse has proposed an amendment to its state gambling laws to increase the share of tax revenue granted to support voluntary work for sports, education and youth initiatives in the state. Associations supported by voluntary workers are set to see their funding increase by 10% a year, which Beuth described as a good investment in sports and volunteering. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Hesse reiterates breakaway threat over gambling law overhaul Regions: Europe Central and Eastern Europe Germany Topics: Casino & games Legal & compliance Sports betting
Seed Co Limited (SEED.zw) listed on the Zimbabwe Stock Exchange under the Agricultural sector has released it’s 2016 presentation results for the full year.For more information about Seed Co Limited (SEED.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Seed Co Limited (SEED.zw) company page on AfricanFinancials.Document: Seed Co Limited (SEED.zw) 2016 presentation results for the full year.Company ProfileSeed Co Limited is the leading producer and marketer of certified crop seeds in Zimbabwe, supplying hybrid maize seed to commercial farmers as well as wheat, soya bean, barley, sorghum and ground nut seed. The seeds is grown from parent seeds under contract by an established network of seed producers. Innovation and pioneering breeding methods drive the Seed Company’s success; having successfully developed hybrid crop seed varieties in Zimbabwe that are recorded as the highest yielding varieties in their class. The Seed Company has a dedicated research team; producing hybrid crop seeds and non-hybrid cereals and oil crop seed varieties that are suitable and adaptable for Zimbabwe’s ecological conditions. Seed Co Limited is listed on the Zimbabwe Stock Exchange
TATEPA Limited (TATEPA.tz) listed on the Dar es Salaam Stock Exchange under the Agri-industrial sector has released it’s 2018 annual report.For more information about TATEPA Limited (TATEPA.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the TATEPA Limited (TATEPA.tz) company page on AfricanFinancials.Document: TATEPA Limited (TATEPA.tz) 2018 annual report.Company ProfileTanzania Tea Packers Limited (TATEPA) is an agricultural holding company involved in growing, processing, blending, packing and selling tea in Tanzania and for international export. The company also has interests in growing and distributing avocadoes and tropical fruit. Tatepa Limited holds a 75% stake in Wakulima Tea Company Limited which grows, processes and sells tea for local and export markets; a 74.3% stake in Rungwe Avocado Company Limited which grows, packs and exports avocadoes; and a 54.4% stake in Freshfields Investments Limited. Other subsidiary companies include Kibena Tea Limited which grows and processes tea and Chai Bora Limited which blends, packages and markets packed tea in Tanzania and for international export. TATEPA Limited is listed on the Dar es Salam Stock Exchange
MPICO Limited (MPICO.mw) listed on the Malawi Stock Exchange under the Property sector has released it’s 2020 interim results for the forth quarter.For more information about MPICO Limited (MPICO.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the MPICO Limited (MPICO.mw) company page on AfricanFinancials.Document: MPICO Limited (MPICO.mw) 2020 interim results for the forth quarter.Company ProfileMalawi Property Investment Company Limited (MPICO) is a property company with interests in property development, rentals and property management. The company owns, leases, manages and develops commercial, residential and industrial properties in major towns and cities in Malawi. MPICO’s property portfolio includes offices, high-rise buildings, residential homes, warehouses and retail outlets; providing property solutions for clients in the major towns and cities of Malawi, including Blantyre, Lilongwe and Mzuzu. MPICO owns 35 commercial buildings and a selection of flats, private-lease houses and guest lodges; Its subsidiaries included Capital Developments Limited and New Capital Properties Limited. Malawi Property Investment Company Limited (MPICO) is listed on the Malawi Stock Exchange
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” Kevin Godbold | Wednesday, 22nd July, 2020 | More on: SGE SN Image source: Getty Images Why I’d buy these 2 top FTSE 100 shares for August and beyond I last wrote about medical technology company Smith & Nephew (LSE: SN) on 6 May when the share price stood near 1,621p. I was reporting the first-quarter trading figures from the top FTSE 100 share and described them as “dire.”The coronavirus crisis induced a temporary collapse in demand for the firm’s replacement joints, fittings, nuts, bolts, rods, fracture repair and other products. Hospitals had postponed most of their usual procedures to cope with the demands of Covid-19.5G 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…More poor trading figuresSince then, on 1 July, the company updated the market about trading in the second quarter. Once again, the figures were poor. The directors pointed to an underlying revenue decline of about 29%. However, they were “encouraged” by improving performance as the quarter progressed. Revenue had declined by 47% in April, 27% in May, and 12% in June.The firm pointed out that revenue performance “correlated strongly” with the easing of lockdown restrictions and the resumption of elective surgeries. Indeed, it seems the pandemic is shaping up as a temporary setback for Smith & Nephew.I think the stock market agrees with that assessment because today’s share price near 1,659p is close to its level in May. And it’s only around 17% below its position prior to the stock market crash. My assumption is the stock will recover along with the resumption of normal demand.So we could be seeing a decent entry point now for a long-term investment in the company’s shares. The forward-looking earnings multiple for 2021 sits near 20. That’s a full-looking valuation. But the company is a quality operation and has been prized by investors for as long as I’ve been following the stock.Building up recurring revenuesSince my previous article about integrated accounting, payroll, and payments solutions provider Sage (LSE: SGE), the top FTSE 100 share has been treading water. Indeed, over the past couple of months, the share price has been consolidating. However, it looks set to break higher now. And with good reason.The firm has been enjoying success at migrating its customers to cloud-based subscription services and building up recurring revenues. But the coronavirus crisis has temporarily knocked earnings. City analysts have pencilled in a dip in earning per share of around 12% for the current trading year to September.At 709p, the share price remains about 11% below its pre-spring-crash level. And I reckon the share will likely continue to make progress as the economy normalises. The company’s business has defensive qualities backed by a decent record of growing revenue, earnings, cash flow, and shareholder dividends. To me, the future looks bright for the business.The forward-looking earnings multiple for the trading year to September 2021 sits around 26 and the anticipated dividend yield is close to 2.5%. That’s not cheap. But I see this as a quality enterprise that’s earned its valuation. Enter Your Email Address Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares 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. Kevin Godbold has no position in any share mentioned. The Motley Fool UK has recommended Sage Group. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. See all posts by Kevin Godbold
Architects: Ido, Kenji Architectural Studio Area Area of this architecture project Projects “COPY” Photographs: Yohei SasakuraText description provided by the architects. The house is designed for 4 members of a family with two kids. The house is placed at urban district and a small plot of only 43.21sqm in Osaka, Japan. Around the site is the mixed-use area where small houses, small factories, and small office buildings coexist together without any harmony.Save this picture!© Yohei SasakuraRecommended ProductsDoorsRabel Aluminium SystemsMinimal Sliding Door – Rabel 62 Slim Super ThermalWindowsSolarluxSliding Window – CeroDoorsECLISSESliding Pocket Door – ECLISSE LuceDoorsSky-FrameInsulated Sliding Doors – Sky-Frame ArcThe client’s former house, which stood at this site, was a wooden two-story house. The adjacent sites were close and natural light didn’t enter into the old house. Therefore the client requested the family room (living area, dining area and kitchen) to be as large as possible without pillars or road-bearing walls, and that natural light that comes into the house, especially into the family room. Save this picture!© Yohei SasakuraFirst, since the site was narrow, the volume of the building took up as much of the site as possible. According to the lifestyle of the client, the bedroom of the couple and wet areas were placed in the ground floor, the family room was placed in the first floor, the rooms of children were placed in the second floor and the terrace was placed on the roof. For a structural reason, the large openings were not able to open out on the road side of the first floor of the building. So, I rotated the volume of the second floor 14 degrees for the axis of the building, and interstitial spaces between the rotated wall and the outer wall of the building became voids. The skylight was set up in the upside of the void, and is intended to allow natural light to drop on the family room of the first floor. Save this picture!© Yohei SasakuraMoreover, one of two walls rotated 14 degrees on the plan of the second floor is also inclined to the verticality, and the part which overlaps with stairs is turned up, and has become like origami or a facet. This inclined wall frees people’s feeling by deviation from the norm, simultaneously the sense of touch of the degree of inclination and the light to reflect of that inclination cause a new physical sense. Save this picture!© Yohei SasakuraThe building’s white box is completely different from the building of the neighborhood. It is the appearance which the cylindrical volume of the second floor rotated 14 degrees penetrates into the building. Box-shaped cantilevered stairs are floating in the void.Save this picture!First Floor PlanProject gallerySee allShow lessAD Round Up: Institutional Architecture Part XArticlesStarbucks Espresso Journey / NendoSelected Projects Share House in Tamatsu / Ido, Kenji Architectural StudioSave this projectSaveHouse in Tamatsu / Ido, Kenji Architectural Studio Photographs CopyHouses•Osaka, Japan CopyAbout this officeIdo, Kenji Architectural StudioOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesDabasOsakaKenji Architectural StudioIdoWoodHouses3D ModelingJapanPublished on October 18, 2012Cite: “House in Tamatsu / Ido, Kenji Architectural Studio” 18 Oct 2012. ArchDaily. Accessed 11 Jun 2021.
Cédric von Däniken, Gani Turunc Photographs: Aytac Pekdemir Manufacturers Brands with products used in this architecture project CopyHouses, Renovation•Reichenbach im Kandertal, Switzerland Photographs Switzerland ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/921989/refurbishment-holiday-home-dolmus-architekten Clipboard Lead Architects: Save this picture!© Aytac Pekdemir+ 16Curated by Paula Pintos Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/921989/refurbishment-holiday-home-dolmus-architekten Clipboard “COPY” Houses Projects 2016 Refurbishment Holiday Home / dolmus ArchitektenSave this projectSaveRefurbishment Holiday Home / dolmus Architekten Manufacturers: GRAPHISOFT Save this picture!© Aytac PekdemirRecommended ProductsMetallicsTECU®Copper Surface – Classic CoatedWoodSculptformTimber Click-on BattensDoorsGorter HatchesRoof Hatch – RHT AluminiumDoorspanoramah!®ah! PivotText description provided by the architects. The chalet and its annex were modified and completely renovated. The gable roof was renewed and extended. It now also covers the already existing annex, which before was covered by a double pitch roof.Save this picture!© Aytac PekdemirThe facade of the annex and the conservatory were adapted to the current structure by using a horizontal wooden cladding. The roof as well as the cladding unite the old chalet and the annex visually as one building. The entrance area and the utility rooms of the annex are positioned with a gallery above.Save this picture!© Aytac PekdemirSave this picture!PlanSave this picture!© Aytac PekdemirSave this picture!SectionSave this picture!© Aytac PekdemirIn the old chalet, the interior walls were torn down to provide space for one big, fluent living and dining area. This main room is divided by the central staircase. On the ground floor there are two bedrooms and one bathroom arranged around this very staircase. The cladding of the interior on the main floor as well as the built-in furniture and the doors are made of brushed three-layer slab. On the massive ground floor the walls are plastered with clay plaster.Save this picture!© Aytac PekdemirProject gallerySee allShow lessHouse FG / DIPA ArquitectosSelected ProjectsMiragaia Residential Complex / Menos é Mais ArquitectosSelected Projects Share Architects: dolmus Architekten Area Area of this architecture project Refurbishment Holiday Home / dolmus Architekten ArchDaily Area: 130 m² Year Completion year of this architecture project Year: “COPY” CopyAbout this officedolmus ArchitektenOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationIcebergReichenbach im KandertalSwitzerlandPublished on June 09, 2021Cite: “Refurbishment Holiday Home / dolmus Architekten” 09 Jun 2021. ArchDaily. Accessed 10 Jun 2021.
Charity TV adverts in December face considerable competition from other charities’ TV campaigns, according to analysis conducted by digital media agency, equimedia. The agency reports that, over the 2016 Christmas period, charities are competing against an average of 10 other causes for viewers’ attention. It suggests that “this means that channel viewers could not only be suffering from Christmas Charity Commercial Fatigue, but that each organisation could be directly competing for attention on the same channel as other charities active in very similar fields”. Nielsen dataEquimedia analysed Nielsen data on December 2016 TV ad campaigns. They found that there were:60 charities running TV campaigns in Decemberon 413 digital, freeview and satellite TV channelsThe most popular TV channels for advertisers had up to 35 charity campaigns running at the same time, sometimes appearing in the same period as organisations “with very similar interests and propositions”.Overall there were an average of 10 charity adverts seeking donations on each channel.The most popular channels for charity commercials in December were:TV channels used by charity types for advertising at Christmas 2016. Source: equimedia and NielsenLouise Burgess, COO and founder of equimedia, accepts that Christmas is a key time for charity appeals. She commented: “However, what many may not realise is that their campaign could be so much more successful if it were not competing with so many others at the same time and on the same channel – and in many cases, against charities with very similar interests.“For very worthy causes to truly stand out at this vital time of year, they should be considering every communications option available to them, and how they can work together. TV has an undeniable impact and reach, but it should be matched with concurrent and cost effective digital strategies to make sure that the cause can be located online and that the messages align. In some cases we found that heavy TV charity advertisers were entirely dependent on their TV ad campaign as a donation source.” Howard Lake | 3 March 2017 | News Tagged with: Advertising christmas DRTV Research / statistics Advertisement Scale of charities’ Christmas TV advertising competition revealed 266 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis27 About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis27 265 total views, 1 views today