Dip buyers! I think this dirt-cheap FTSE 100 stock could surge next week

first_img “This Stock Could Be Like Buying Amazon in 1997” Royston Wild | Saturday, 14th March, 2020 | More on: FERG 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. Dip buyers! I think this dirt-cheap FTSE 100 stock could surge next week Enter Your Email Address A week, just like in politics, is a long time in financial markets. This is particularly the case today as the coronavirus crisis keeps traders and investors glued to their screens for all the latest news on infection rates, government action, and comments from big business on the pandemic.It’s anyone’s guess as to what market sentiment will be like when Ferguson (LSE: FERG) comes to update shareholders next week. The plumbing specialist is slated to release half-year financials on 17 March.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…Still, unless there’s another washout in investor confidence I reckon this is a share that could gain serious traction on the back of the release.Building a head of steamThe recent share price descent at Ferguson – one which saw the FTSE 100 plumb its cheapest in nine months – leaves it trading on a low forward price-to-earnings (P/E) multiple of 14.3 times. Given that this upcoming release is likely to underline the strength of its core North American markets, it’s a reading that leaves plenty of scope for a meaty share price rise.Most recent data from the Commerce Department underlined the strength of Ferguson’s underlying markets. These showed US housing starts in January breach 1m for the second month in a row. This came in at a seasonally adjusted 1.57m. On top of this, officials upgraded their figures for December to 1.63m from 1.61m previously.This wasn’t the main standout figure from that latest release, however. Oh no. Instead, it was news that building permits in the US rang in at 987,000 last month that grabbed the headlines. This was the biggest number since the summer of 2007.A brilliant buyIs it likely that share pickers will be that bothered by the release, though? Or should I say, will the market be more bothered by the prospect of the coronavirus outbreak derailing the strong homes market and with it Ferguson’s profits outlook for the rest of 2020?Obviously investors need to bear in mind the huge disruption that the COVID-19 tragedy will cause to the entire North American economy. Though having said that, it’s possible that recent Federal Reserve action to limit the economic impact will serve directly to support the US housing market.The Fed last week hacked back its benchmark rate to 1% to 1.25% in an emergency ruling on 3 March. In the following hours mortgage rates fell to multi-decade lows (according to Freddie Mac, the average rate on a 30-year fixed-rate mortgage dropped to 3.29%, the lowest since the lender began collating such data half a century ago).It’s more than likely that rates will fall even more when the central bank next convenes in midweek.I remain convinced that Ferguson remains a top share for long-term investors to buy. The massive homes shortage in the US means that building rates will have to remain strong. And so demand for the Footsie firm’s fittings should keep growing, too. I’d happily buy this share in an ISA or similar product today. Simply click below to discover how you can take advantage of this. See all posts by Royston Wildcenter_img 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.last_img read more

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Where is the Boohoo share price going in June?

first_img 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. Alan Oscroft owns shares of boohoo group. The Motley Fool UK has recommended boohoo 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. Where is the Boohoo share price going in June? We Boohoo (LSE: BOO) shareholders haven’t had a great 2021 so far, with our shares down 9% since the start of the year. But we’ve just seen a bit of an uptick in the past couple of days, so where is the share price likely to go in June?Based purely on my opinion that Boohoo shares are undervalued, I reckon it should go up. But I do see some factors that appear to be holding it back. For one thing, the attraction of online sellers that propelled so many of them upwards in 2020 is subsiding. When high street stores are all closed, that’s good news for online retail, for sure. But that’s over now.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…And I think the early pandemic climb in 2020 was overdone. Well, overdone for the short term if it was based solely on the store closures effect, that is. With a long-term view to the company’s potential growth, I reckon the Boohoo share price was still good value, even at its high point last year.Boohoo share price volatilityBut the past year or so does highlight for me a couple of the risks of buying Boohoo shares. One is that, as with just about any growth share, there’s a lot of sentiment behind the price. And that sentiment can often turn sour. I think Boohoo should be one of June’s winners. But sentiment leads to volatility, and there’s every chance we could see a couple of bearish summer months.The Boohoo share price is up 35% over the past two years, which is a great result. But it’s down nearly 30% since mid-June last year. So depending on when an investor might have bought, Boohoo could be anything from a big winner to a big loser right now. And that’s in the space of just two years.The other big risk is it’s actually very hard to put a rational valuation on the stock. We’re now looking at a trailing P/E of over 40. There’s a lot of future growth already built into that valuation. I might simply have got my assessment wrong, and the shares might be overvalued. I don’t think so, but there’s uncertainty here.Slowing growth?There’s one other thing I reckon could be holding the Boohoo share price back from a bullish summer. It comes from the company’s last set of results. They were just fine, in my view. But the outlook for the current year will have disappointed some investors. Boohoo expects revenue growth of around 25%, which might sound good. But it does follow on from a year with 40% growth. And when revenue growth for a stock like this starts to slow, we often see a period of weakness.So to sum up. I think Boohoo deserves to gain in June. But there are short-term factors I think could hold it back. Still, I say that’s a good thing for investors who are still in a net buying phase. Looking for new share ideas?Grab this FREE report now.Inside, you discover one FTSE company with a runaway snowball of profits.From 2015-2019…Revenues increased 38.6%.Its net income went up 19.7 times!Since 2012, revenues from regular users have almost DOUBLEDThe opportunity here really is astounding.In fact, one of its own board members recently snapped up 25,000 shares using their own money… So why sit on the side lines a minute longer?You could have the full details on this company right now. Grab your free report – while it’s online. Alan Oscroft | Friday, 4th June, 2021 | More on: BOO Simply click below to discover how you can take advantage of this.center_img One FTSE “Snowball Stock” With Runaway Revenues 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. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Image source: Getty Images See all posts by Alan Oscroftlast_img read more

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Nominations for JustGiving Awards close this weekend

first_imgNominations for JustGiving Awards close this weekend The deadline to vote for this year’s JustGiving fundraiser awards is fast approaching with entries closing this Sunday 7th August. Anyone who has used JustGiving to fundraise or crowdfund can be put forward in recognition for their work for good causes, with fundraisers recognised for everything from creativity to endurance.Nominations must be made online at www.justgiving.com/awards/2016/. Awards last year included Outstanding Commitment to Fundraising, won by Alex Smith, who does Ironman Endurance events whilst carrying his son to raise funds for their charity Harrison’s Fund, which aims to eradicate Duchenne muscular dystrophy, Kindness Crowdfunder of the Year, won by Wayne Botting who raised over £8,000 towards the purchase of a new wheelchair for a 12-year-old girl with Cerebral Palsy, and Young Fundraiser of the Year, won by Madison Glinski, who busks and runs charity auctions to raise funds for Little Harbour Children’s Hospice.  65 total views,  1 views today Melanie May | 4 August 2016 | News Tagged with: Awards Justgivingcenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5  66 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

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Professor uses sticky notes to promote healing

first_imgTwitter Paris Jones TCU holds fourth annual TCU Gives Day to gather donations for the university Paris Joneshttps://www.tcu360.com/author/paris-jones/ Facebook Previous articleFounder of Vietnam Women’s Memorial speaks on struggles of womenNext articleThanksgiving donations are underway Paris Jones RELATED ARTICLESMORE FROM AUTHOR The University of Houston-Downtown Paris Jones is a senior news and media studies major from Mason, Texas. She serves a managing editor for TCU360.com. One of her proudest accomplishments is her ability to drink a half liter bottle of water in seven seconds. Linkedin ReddIt ‘The Office Gif Club’ GroupMe gives hundreds of students an Office gif a day Off campus shooting incident ‘not a random act,’ no TCU students involved TCU places second in the National Student Advertising Competition, the highest in school history Paris Joneshttps://www.tcu360.com/author/paris-jones/ The College of Science and Engineering Dean, Phil Hartman, retires after 40 consecutive years Paris Joneshttps://www.tcu360.com/author/paris-jones/ Facebook Paris Joneshttps://www.tcu360.com/author/paris-jones/ Twitter printA strategic communication professor put up a display encouraging students to think of ways to heal outside of her office on the first floor of Moudy South.A TCU professor gave students a chance to express their feelings about the presidential election in a unique way: with Post-it notes.Ashley English, a strategic communication professor, put up four large sheets of paper outside her office in Moudy South on Wednesday morning. The first sheet read “How can we promote healing after the election? Use a posted note and share your ideas!” The sign had arrows pointing to the other sheets that read “as an individual,” “as a university” and “as a nation.”She left markers and Post-it notes by the wall, encouraging students to write a way to heal and stick it under one of the categories.English said she wanted students to think about the role they play in promoting unity after the divisive presidential election.“I knew that half of the people I encountered the next day after the election results were announced would be thrilled and excited about what had occurred, and then there was a population that would be distraught, concerned and shocked,” English said. “Part of this opportunity was to give students the opportunity to think about, whether you’re happy or sad, what is your responsibility to encourage unity.”English said she was more focused on the dialogue the Post-it notes would create rather than how many students participated in the activity.“What I’m counting on is, I hear conversation,” English said. “There’s conversation going on outside of my office.”By Friday afternoon, there were about 100 sticky notes on the sheets. One of the most common messages was not to stereotype all of a candidate’s supporters.English said she believes there were people throughout the election who were afraid to show support for their candidate, and she wanted to make sure students were able to write what they were feeling without fear of backlash, regardless of who they supported.“People felt that they wanted to support Donald Trump, and if they express that publicly they would get ridiculed,” English said. “People felt ‘I need to hold this in,’ and that’s something that resonated with me. Why do people feel they can’t say out loud where they really are? I was yelling out of my office ‘write something’ because I want people to feel like they can share– even if they think it’s not in a way that would go over well.”English said she takes the display down when she is out of her office to avoid damage, but plans to keep putting it up so more students can come by and share.Here are a few of the posts so far. ReddIt + posts Linkedin Some of the sticky notes posted under the “as an individual” column, TCU Frog Camps returning to more traditional look this summerlast_img read more

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La Salle High School 57th Annual Academic Awards Night

first_img Your email address will not be published. Required fields are marked * Make a comment EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Name (required)  Mail (required) (not be published)  Website  Business News Subscribe HerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeauty10 Instagram Girls Women Obsess OverHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeauty More Cool Stuff Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Top of the News center_img Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News 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. First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,PCC – EducationVirtual Schools PasadenaDarrell Done EducationHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes 4 recommended0 commentsShareShareTweetSharePin it Education La Salle High School 57th Annual Academic Awards Night From STAFF REPORTS Published on Wednesday, May 15, 2013 | 4:44 pm On Tuesday evening, May 14, 2013, La Salle High School celebrated their 57th annual Academic Awards Night by honoring 9-11th grade students with Certificates of Excellence and Merit for their academic achievements in subjects such as Computers and Information Technology, Rise of Nations, English, Health, Twentieth Century, Church History, New Testament, Algebra, Chemistry, Biology, Calculus, Spanish, Audio Video Productions, Dance, Physics, Acting, and many other curriculum.Top honorees were Thea McKay, receiving awards in 10 different curriculum with Sierra Bononi and Erin McFaul each receiving awards in 8 different curriculum.A total of 220 students from grades 9 through 11 received awards with the Senior class set to receive their awards on May 24th, graduation night. Congratulations to each and every one of these high achievers carrying on the La Salle motto of Learn, Serve, Lead.For more information, contact La Salle High School, 3880 East Sierra Madre Blvd., Pasadena, (626) 351-8951 or visit www.lasallehs.org. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

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JPL and Caltech to Host 2018 COSPAR Conference

first_img First Heatwave Expected Next Week Community News Gregg Vane (left), strategic partner insular system exploration at JPL, and Thomas Prince (right), director of Caltech’s W.M. Keck Institute for Space Studies. Image Credit: Pasadena Convention & Visitors BureauThe Committee on Space Research (COSPAR), an international scientific organization, will have its 2018 meeting in Pasadena, California, hosted by the California Institute of Technology and supported by NASA’s Jet Propulsion Laboratory.“JPL and Caltech are great hosts for this because collectively we’re at the absolute forefront of space science, planetary science, Earth science and space-based astronomy,” said Gregg Vane, chairman of the local organizing committee for the COSPAR 2018 Scientific Assembly, and strategic planner in solar system exploration at JPL.The meeting will take place from July 14-22, 2018, at the Pasadena Convention Center and Hilton Hotel. COSPAR estimates that 3,500 people are expected to attend.JPL and Caltech will work closely with the COSPAR Scientific Commissions to put together a compelling program that will highlight all major scientific advances in Earth and space sciences that will have occurred in the year preceding the 2018 assembly.“There is a rich legacy of space exploration and discovery at Caltech and the Jet Propulsion Laboratory, including groundbreaking astrophysics research at the Palomar and Keck Observatories, and numerous successful robotic space missions including Voyager, Cassini, the Mars Curiosity rover, and the Orbiting Carbon Observatory-2,” said Thomas Prince, director of Caltech’s W.M. Keck Institute for Space Studies.Prince, who was formerly JPL’s chief scientist, will serve as the chair of the assembly’s International Scientific Program Committee, and JPL’s Rosaly Lopes, manager of JPL’s planetary science section and an internationally renowned expert in volcanology, will serve as deputy chair.“We are so honored to have papers from scientists, engineers and technologists from so many different countries showcasing the most exciting developments in space science,” said Lopes, who is also a senior research scientist at JPL.COSPAR was founded in 1958 by the International Council for Science. The organization focuses on the progress of a wide range of scientific investigations that space vechicles, rockets and balloons carry out, and aims to promote an international level of scientific research in space.?Members of COSPAR include national academies of sciences or the equivalent of some 46 space-faring and aspiring space-faring nations, and international scientific unions.Caltech manages JPL for NASA.For more information about COSPAR, visit https://cosparhq.cnes.fr Your email address will not be published. Required fields are marked * faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Science and Technology JPL and Caltech to Host 2018 COSPAR Conference From STAFF REPORTS Published on Monday, November 24, 2014 | 2:03 pm 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. Name (required)  Mail (required) (not be published)  Website  0 commentsShareShareTweetSharePin it Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Subscribecenter_img Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Herbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeautyRed Meat Is Dangerous And Here Is The ProofHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeauty10 Easy Tips To Help You Reset Your Sleep ScheduleHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyHow To Lose Weight & Burn Fat While You SleepHerbeautyHerbeauty Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Business News Top of the News More Cool Stuff Make a commentlast_img read more

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Increasing Natural Disasters Endanger Affordable Housing Supply

first_img December 3, 2020 976 Views Subscribe Previous: Real Estate Valuations in a Time of Crisis Next: Housing Trends and Georgia’s Political Fortunes Sign up for DS News Daily Tagged with: Climate Science flooding Related Articles Climate Science flooding 2020-12-03 Christina Hughes Babb  Print This Post Home / Daily Dose / Increasing Natural Disasters Endanger Affordable Housing Supply Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Christina Hughes Babbcenter_img Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Flooding and other natural disasters are increasing, scientists say, putting the nation’s already dwindling affordable housing supply at risk, according to a peer-reviewed environmental research paper entitled, “Sea Level Rise and Coastal Flooding Threaten Affordable Housing,” by Climate Central and the National Housing Trust.A combination of low-income housing’s fragile infrastructure, socioeconomic vulnerability, and increasingly frequent flooding presents “a triple threat” to occupants of the country’s “already scarce affordable housing,” conclude the study’s authors.Their paper presents the bleak possibility of a mid-century America that has lost a significant percentage of residential inventory to flooding, water damage, and rising ocean levels. Because they often occupy low-lying neighborhoods and low-quality structures, low-income residents are particularly vulnerable.The researchers predict that, while the trends will affect cities across the nation, damage will be highly concentrated in particular metros. The number of housing units exposed to frequent flooding will triple between 2000 and 2050, and 20 cities will account for 75% of the exposure, the authors concluded. The U.S. by 2050 is expected to lose 24,519 units to repeated flooding, and Virginia, Massachusetts, New Jersey, and other mid-Atlantic regions face the most risk.Research showed that the frequency of coastal floods is increasing and will continue to do so—they show a correlation between increased flooding and “continued high carbon emissions.”The widely accepted expectation of a 100-year flood (with a 1% annual chance of occurrence) could be happening at an average of 40 times more often at tide gauges across the contiguous U.S., the study showed, and areas with a typical once-per-year tidal flooding could see weekly flooding by 2050.The authors explain the methodology for determining “affordability” and risk in the report at iopscience.org, and provided the following graphic:”The combination of physical vulnerability of affordable housing infrastructure, socioeconomic vulnerability, and more frequent flooding due to sea-level rise presents a triple threat to residents of the country’s already scarce affordable housing,” note the authors.Even dimmer is the reality that once a unit of affordable housing is wiped out by a storm, flood, or other disaster, it is difficult to replace.Laurie Schoeman, national director of resilience and disaster recovery for Enterprise Community Partners, a national nonprofit affordable housing developer, spoke to Bloomberg’s CityLab about the study.“It’s so hard to replenish housing stock once it’s lost,” she said, “often due to NIMBYism and racism. Both lead to lost affordable housing stock not being replaced anytime soon.”One of the study’s authors and Climate Central’s CEO and Chief Scientist Benjamin Strauss explains that all property owners stand to be harmed by flooding, but that those in affordable housing would find it more challenging to recover.“Many more people in the general population will be affected by sea-level rise than the affordable housing population,” Strauss told CityLab. “But the affordable population group is the one likely to hurt the most, who can’t afford to find a remedy on their own, and tend to not have the voice needed to change the allocation of public resources.”Because of the concentration in certain areas, the scientists said, it might be possible to address the issue of preserving coastal-area housing via “limited, strategic, and city-level efforts” Share Save in Daily Dose, Featured, Market Studies, News Increasing Natural Disasters Endanger Affordable Housing Supply Data Provider Black Knight to Acquire Top of Mind 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. last_img read more

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Maratha Reservation : SC Urged To Tag Matter With Petitions Challenging EWS Reservation

first_imgNews UpdatesMaratha Reservation : SC Urged To Tag Matter With Petitions Challenging EWS Reservation Radhika Roy1 Sep 2020 11:56 PMShare This – xThe Supreme Court on Tuesday (1 September) heard arguments with respect to reference to an 11-Judge Bench of the issue pertaining to whether the State had the power to exceed the 50% reservation cap, as dictated by a 9-Judge Bench in the case of Indra Sawhney.A Bench of Justices L. Nageswara Rao, Hemant Gupta and S. Ravindra Bhat heard the matter as Senior Advocates Mukul Rohatgi,…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 Supreme Court on Tuesday (1 September) heard arguments with respect to reference to an 11-Judge Bench of the issue pertaining to whether the State had the power to exceed the 50% reservation cap, as dictated by a 9-Judge Bench in the case of Indra Sawhney.A Bench of Justices L. Nageswara Rao, Hemant Gupta and S. Ravindra Bhat heard the matter as Senior Advocates Mukul Rohatgi, Kapil Sibal, Dr. Abhishek Manu Singhvi and Chander Uday Singh submitted their Rejoinder arguments in favour of the reference. Senior Advocate Mukul Rohatgi commenced his arguments by submitting to the Court that the Mandal Commission’s report itself stated that there was a need for a review after a period of 20 years. However, 30 years had already gone by. Rohatgi further submitted that the Indra Sawhney judgement only dealt with Articles 15(4) and 16(4) of the Constitution of India, and Articles 15(5) and 16(5) had not been considered. Additionally, interpretation of Articles 15(6) and 16(6) was now before the Constitution Bench and therefore, the instant matter should be tagged with that. “It is not appropriate for this case to be decided without that case being heard. So, it’s better if this case is tagged with that one”, submitted Rohatgi. The impact of Articles 338B and 342A on Articles 15 and 16 was also raised as Rohatgi informed the Bench that the same had not been considered in Indra Sawhney. He further shed a light on the submission of Senior Advocate Arvind Datar who had argued for the instant matter being heard before the issue of reference was considered. “A surprising submission was made by Datar in this matter. He said that the Court cannot refer this matter if the Court does not start hearing it. I don’t know what that is supposed to mean! Any type of case which comes before the Court, if the Bench feels at any stage, even while issuing notice, that the matter can be referred, they can do so. My friend was wrong in his submission”, stated Rohatgi. In order to buttress this submission, Rohatgi referred to the proviso of Article 145(3) and averred that it is settled law that the proviso and the main part of a provision must be construed together, and when the same is done in a wholesome manner, it becomes clear that the Bench can refer the issue at any stage. Rohatgi continued, “Provisos cannot be read in isolation without the main provision. It is an emphasis of Article 145.” He also brought the contention that majority of States had already breached the 50% limit and therefore, the instant order would have significant ramifications. Further, as the Constitution had itself breached the limit, then the only question that remained was the tagging of the instant matter with the one before the Constitution Bench. Rohatgi concluded his arguments by stating that the issues of caste, reservation and poverty were all linked and therefore, had to be decided together as it was no longer a mere lis between just two parties. Senior Advocate Kapil Sibal then began his submissions by informing the Court that the 50% limit was breached when constituent power was exercised by the Parliament. Further, the 9-Judge Bench in Indira Sawhney had kept the limit as exceeding 50% would have breached the Equality Clause, which was a part of basic structure. “The Parliament has already breached the limit. When the constituent power is to be tested, it will be tested on the touchstone of Article 14, on the touchstone of the basic structure. The Union of India itself states that 50% does not stand in the way and it can be breached. This means that Indra Sawhney is no longer good law”, submitted Sibal. Sibal referred to Para 799 of the Indra Sawhney judgment which pertained to whether backward classes could be identified exclusively on the basis of economic criterion; the judgement had held that the same could not be the sole criteria. “This question is bound to arise. And whichever way you look at it, it will impact the whole of India and the future of our country”, stated Sibal. At this juncture, Justice S. Ravindra Bhat informed Sibal that even if the breach had been sanctioned, the question of whether it was constitutionally permissible was to be seen. Justice Bhat continued, “You are not arguing on economic aspect at all. Your report is only on socially backward matters. 50% must be seen in that context. This breach must be seen in the context of a class which is not concerned with you at all”. Sibal responded that the Parliament, with its constituent power, created another class, by virtue of which another 10% had been reserved and increased the limit to 60%. If another class had been created, then that would lead to 70%. However, this failed to answer the basic question of what would be left with others. He then referred to the findings of the Bombay High Court wherein it was stated that 85% of State of Maharashtra was backward. He submitted that Indra Sawhney was based on the 1991 census and it had been two decades since then. Therefore, the 50% limit should be allowed to be breached. “50% is no longer the Lakshman Rekha. Chhattisgarh has 82% reservation, with Mizoram, Nagaland and others at 80%. The demographic has changed. In many States, there has been no development and the backward classes population has increased. This is for the Court to judicially decide. The pie has to be divided accordingly”, concluded Sibal. Senior Advocate Dr. Abhishek Manu Singhvi then began his submissions. He stated that this was the first time the intersections of Articles 15(4), 16(4), 338 and 342A would be decided. He further pointed out the contradiction in the arguments of the Petitioners, who allegedly had framed the matter as a case pertaining to major Constitutional issues, and were now contesting against the reference of the issue. Singhvi’s second submission was that the proviso to Article 145(3) was meant to enlarge the scope of the Supreme Court’s power and not limit it. “It is a clarificatory proviso, which is meant to state that the reference can be made at any stage. Beginning, middle, end; you can refer it whenever. This proviso is only clarifying it. Also, the High Court can refer to the Supreme Court under Article 133, but the Supreme Court cannot do so? Where do you even get this from?”, argued Singhvi. Singhvi further submitted the Petitioners’ argument would be a Constitutional prohibition on the powers of the Supreme Court and that would set a dangerous precedent. “Every case has been referred at the threshold stage. Look at the Sabarimala reference, or even the issue with respect to the EWS reservation which was referred by the Chief Justice’s Court in Janhit Abhiyan case”. Singhvi concluded his arguments by submitting, “Almost every State and Union Territory has exceeded the 50% cap. Keeping this substantial issue in mind, and acknowledging the lack of arguments on behalf of the Petitioners, please do consider referring the case”. Senior Advocate PS Patwalia also argued for the matter to be heard with the case of Janhit Abhiyan as they dealt with the same core issues. Senior Advocate CU Singh then commenced his arguments and sought to supplement the submission of Sibal by stating that Article 145(3) had to be read in a holistic manner. He asked the Bench that it had to be seen if the matter was “terra incognita” and that if it had not been decided before, then the it warranted reference. “For the Petitioners to say that the law they are challenging violated basic structure, and then to say that the matter does not involve a substantial question of law, in my respectful submission, is completely contradictory”, submitted Singh. On that note, the hearing came to an end. Rejoinder arguments will continue on the next date of hearing, that is, 3rd September. 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Female porpoise found washed up on Donegal beach

first_imgHomepage BannerNews Google+ By News Highland – May 4, 2020 Facebook Arranmore progress and potential flagged as population grows Community Enhancement Programme open for applications RELATED ARTICLESMORE FROM AUTHOR Pinterest Twitter Google+ Female porpoise found washed up on Donegal beach A porpoise has been found washed up on a beach in the Rosses area.The female was spotted alive by a passerby yesterday morning, however, upon arrival, the Donegal Irish Whale and Dolphin Group discovered the animal perished.The group says upon inspection the stranded porpoise’s ribs were starting to show and all teeth on the lower left jaw were missing while other teeth were badly worn which they say would suggest it hadn’t eaten in a while.center_img Facebook Previous articleHPSC confirm 19 people with Covid-19 have sadly diedNext articleMan in a critical condition following serious assault in Derry News Highland WhatsApp Nine til Noon Show – Listen back to Monday’s Programme Pinterest Loganair’s new Derry – Liverpool air service takes off from CODA Important message for people attending LUH’s INR clinic Twitter News, Sport and Obituaries on Monday May 24th WhatsApplast_img read more

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US Industrialist funds new Oxford School of Government

first_imgA Soviet Union-born, US businessman has donated £75m to Oxford University to help fund the creation of a new finishing school for international statesmen.Leonard Blavatnik, 53, whose fortune is estimated at £3bn, has given the University the money for the planned £100m School of Government, which would be built in the university’s new Radcliffe Observatory Quarter, a former hospital site in the city centre.The proposals are currently under formal consideration, but if the scheme is agreed by the university, it will open in 2012, offering a one-year Master’s degree.It is hoped that the school will create over 40 academic posts and rival the Kennedy school of government at Harvard.Mr Blavatnik, who features on the Forbes Top 100 Billionaire Rich-List, is founder of Access Industries and made his money in oil and other industries. The university has described his donation as “one of the most generous philanthropic gifts in the University’s 900-year history”.There has been a correction to this article: Mr Blavatnik is not Russian but a U.S. citizen. Apologies for the mistake (Ed).last_img read more

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