The veteran value investor’s flagship Ariel Fund was up 14% in January after taking a hit in 2022. Now he is betting big on entertainment, private equity and — surprise! — housing. In an era when dyed-in-the wool value investing strategists have been pushed aside for sexier growth and quantitative managers, John W. Rogers Jr.’s patient contrarian approach has proven resilient in the aftermath of multiple market storms. Rogers, the founder and co-CEO of Ariel Investments, started the firm in 1983 just three years after graduating from Princeton. Forty years later, the oldest Black-owned investment firm in the U.S. manages more than $16 billion in assets. Most of that is in mutual funds and separately managed accounts, though $1.45 billion is in a new private equity fund dubbed Project Black. The brainchild of his co-CEO Mellody Hobson, the new fund aims to buy existing mid-size businesses and install Black and Latino executives who can build them into top tier suppliers … [Read more...] about The Comeback King: For 40 Years, John Rogers Has Come Out Of Bear Markets Stronger
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6-Year-Old Orders $1,000 Worth Of Food From Dad’s Phone, Parents Say
A Michigan family was taken by surprise Saturday night when a seemingly never-ending stream of food deliveries were brought to their door, all allegedly purchased by their 6-year old son. Mason Stonehouse had been “playing” on his father’s cellphone at around 9 p.m. Saturday. Unbeknownst to parents Keith and Kristin Stonehouse, Mason was actually in the process of ordering an elaborate menu filled with chili cheese fries, pizzas, shrimp, chicken and ice cream from the GrubHub food delivery app, WDIV 4 News reported . It wasn’t until bags and bags of takeout arrived on the family’s doorstep, after Mason had gone to bed, that the couple realized what he had done, according to the outlet. (RELATED: GrubHub Gives Everyone In New York City $15 Off For Lunch Orders, Chaos Ensues) A Macomb County child spent $1,000 of his parent’s money Saturday night as he was “playing” on his dad’s GrubHub app. https://t.co/CLajk25sbS — Local 4 WDIV Detroit (@Local4News) January 31, 2023 … [Read more...] about 6-Year-Old Orders $1,000 Worth Of Food From Dad’s Phone, Parents Say
Felling of 143-year-old Krabi tree to boost environmental awareness sparks outrage
PHUKET: The felling of a 143-year-old ma haard tree, to be turned into a sculpture for Krabi Town, sparked social media outrage after pictures circulated on Facebook of the downed tree this week. Krabi Municipality Mayor Kittisak Phukaoluan took credit for the idea and responded to the criticism by explaining that the structure would be a positive way to promote environmental conservationism and tourism in Krabi. “Even though the public seriously criticized this decision, I think it is a good strategy for boosting the environmental conservation movement. It will make people more aware of the destruction of nature and it will motivate us to protect our environment,” Mr Kittisak explained. “It will also promote the arts in Krabi.” Related news Phuket police bust Nigerian overstayers 4 hours ago Reasons Why You Should Live in Kamala Phuket feat. Twin Palms Residences Montazure 4 hours ago Mr Kittisak announced that the sculpture made … [Read more...] about Felling of 143-year-old Krabi tree to boost environmental awareness sparks outrage
24-Year-Old Arrested In Connection With Dallas Zoo Monkey Theft
Share to Twitter Share to Linkedin Topline Dallas Police on Thursday arrested a 24-year-old man for allegedly stealing two emperor tamarin monkeys from the Dallas Zoo, the police announced on Friday, following an unusual disappearance of the monkeys and a search that took the internet by storm. Key Facts Police said they arrested Davion Irvin after a tip led them to the Dallas World Aquarium, where they said he had been seen near an animal exhibit. In a report on Friday, police said they followed Irvin after they spotted him boarding a public train, and arrested him in another neighborhood, before taking him to Dallas County Jail. Irwin was charged with six counts of cruelty to a non-livestock animal, while additional charges are possible, according to police . Key Background Local police launched an investigation into what they suspected was a theft of the zoo’s two tamarin monkeys, after they went missing Monday morning. … [Read more...] about 24-Year-Old Arrested In Connection With Dallas Zoo Monkey Theft
Moroccan Lingerie Brand Nessiam Expands Into The US Market
Share to Twitter Share to Linkedin Ensuring authenticity, no marketing materials for the brand or models are ever retouched Morocco is known for a lot of things like distinct architecture, mountains, and desert, but it’s not necessarily known for lingerie. And the UAE isn’t known for lingerie the way it is known for being visionary and entrepreneurial. But, there are several homegrown brands that have popped up in the UAE over the past years and Nessiam is one of them. Its production is done in Morocco but the company is Dubai based. It’s pandemic launched lingerie and swimwear brand founded by two men: Simohammed Damiri, who is of Moroccan origin and Hamza Aouadi, who is of Algerian origin. The brand is gaining traction in the US, especially for its body positivity ethos. And it stands by the idea that sexiness doesn’t have a size, as it creates affordable and sustainable looks that includes plus sizes. According to African Heroes , Nessiam … [Read more...] about Moroccan Lingerie Brand Nessiam Expands Into The US Market
Brand Concepts Consolidated December 2022 Net Sales at Rs 45.36 crore, up 69.75% Y-o-Y
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Brand Concepts are: Net Sales at Rs 45.36 crore in December 2022 up 69.75% from Rs. 26.72 crore in December 2021. Quarterly Net Profit at Rs. 2.83 crore in December 2022 up 101.93% from Rs. 1.40 crore in December 2021. EBITDA stands at Rs. 6.50 crore in December 2022 up 73.33% from Rs. 3.75 crore in December 2021. Brand Concepts EPS has increased to Rs. 2.79 in December 2022 from Rs. 1.32 in December 2021. Read More Brand Concepts shares closed at 261.80 on February 02, 2023 (NSE) and has given 95.37% returns over the last 6 months and 249.77% over the last 12 months. Brand Concepts Consolidated Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from … [Read more...] about Brand Concepts Consolidated December 2022 Net Sales at Rs 45.36 crore, up 69.75% Y-o-Y
100+ test negative after Koh Samui Covid-19 case of the Thai/French woman
So far, more than 100 people have tested negative for Covid-19 after a 57 year old French/Thai woman tested positive for the virus in Koh Samui. Her case is the first on the island in 7 months and health officials are investigating to determine if she came in contact with the virus on the island, when travelling from France or possibly while in quarantine at an ASQ hotel in Samut Prakan, just southeast of Bangkok. The woman, born in Thailand, was repatriating back to Thailand with her family. She has dual citizenship. Meanwhile, 30 people are considered to be at “high risk” of contracting the virus. The Koh Samui Hospital director Veerasak Lorthongkum says those people, including her husband and son, as well as people seated close to her onboard a flight, show no signs of infection. Traces of the virus were found on gym equipment at the ASQ hotel in Samut Prakan where the woman stayed when she arrived back in Thailand. She spent the mandatory 2 weeks in isolation upon entering … [Read more...] about 100+ test negative after Koh Samui Covid-19 case of the Thai/French woman
Chiang Rai activist sentenced to 28 years for royal defamation
A Chiang Rai activist will now spend the next 28 years behind bars after being charged with royal defamation. Mongkol Tirakote, an activist and online clothing vendor was charged with two separate royal defamation cases after posting defamatory comments online. According to The Hindu , the kingdom’s lese-majeste laws are among the harshest in the world with rights groups saying they are used to suppress public debate. Royal defamation convictions can carry a jail term of up to 15 years per charge. The 29-year-old’s prison sentence was originally 42 years but the court reduced it following his testimony, according to his lawyer. Human Rights Watch senior researcher, Sunai Phasuk, says the 28-year sentence is the second-highest handed down by a Thai court. The highest jail term sentenced over a royal defamation case came in 2021 when a Thai court handed down a 43-year jail term to a woman after she was found guilty of insulting the monarchy. Originally, her prison … [Read more...] about Chiang Rai activist sentenced to 28 years for royal defamation
Davos 2023: Shift to old pension schemes may inhibit states’ spending, says Raghuram Rajan
State governments adopting the so-called old pension scheme may end up curbing current expenditure as they build up liabilities for the future, according to Raghuram Rajan, the former governor of the Reserve Bank of India. “I think the reason we moved to the new pension scheme was because in the old pension scheme there were huge liabilities that built up. It is important to remember that defined benefit schemes typically are easier for government to take on because you are not recognizing the liabilities,” Rajan told Moneycontrol in an interview at Davos 2023 . Also Read: Himachal Pradesh govt approves restoration of old pension scheme “And that implies that what you have really built up is a government liability for the future. And if you are prudent, that inhibits your spending today.” Rajan’s comments come in the backdrop of a few state governments in India moving back to the old pension scheme for their employees. Read More Under the old … [Read more...] about Davos 2023: Shift to old pension schemes may inhibit states’ spending, says Raghuram Rajan
Himachal Pradesh govt approves restoration of old pension scheme
Himachal Pradesh CM Sukhvinder Singh Sukhu (Image: Wikipedia) The Himachal Pradesh government on Friday approved restoration of Old Pension Scheme in its first cabinet meeting, calling it a "Lohri gift" to 1.36 lakh employees who currently are under the New Pension Scheme. The Congress party had promised to take a decision to restore Old Pension Scheme (OPS) at the first meeting of the government and it stood by the promise. The Cabinet also decided to adopt the Election Manifesto of the Congress party as policy document of the Government. Briefing media persons after the cabinet meeting, Chief Minister Sukhvinder Singh Sukhu said: "During her election tour, AICC general secretary Priyanka Gandhi had told us to promise restoration of OPS and we included it in the Pratigya Patra and fulfilled the promise at very first cabinet meeting". He further added that the benefit of old pension scheme would be given from today (January 13, 2023) and notification in this regard would … [Read more...] about Himachal Pradesh govt approves restoration of old pension scheme