Uses abuses and alternatives to the net present value rule

Share to Twitter Share to Linkedin 2021 was the year net-zero commitments went mainstream. Following the COP 26 climate conference in Glasgow, well over 100 governments have set a net-zero decarbonization target. These commitments cover 88% of global emissions, 90% of global GDP, and 85% of global population . Nearly one-thousand municipalities and over three thousand private businesses have also made net-zero commitments as part of the UN’s Race to Zero decarbonization initiative. While these commitments are a positive first step, they must now be backed by concerted action. The stakes are higher than ever as climate change continues to intensify. Net zero by 2050 is a science-based goal that aims to limit the worst effects of global warming. Policymakers, business leaders, and the public should understand both the origins and urgency around this crucial climate goal. A manmade crisis Human activities produce around 35 billion tons of carbon … [Read more...] about How Net Zero Became Our Global Climate Goal And Why We Need It

Absconding politician Shrikant Tyagi was arrested Tuesday from Meerut, officials said, days after he was seen in a social media video abusing and assaulting a woman for objecting to his alleged illegal constructions at a housing society here. Tyagi was at large since Friday evening, and the Noida Police had announced a reward of Rs 25,000 on his arrest. Additional Director General of Uttar Pradesh Police (law and order) Prashant Kumar said in Lucknow Tyagi has been arrested. On the controversy surrounding security given to Tyagi by the Uttar Pradesh police, Kumar said he had no such protection after February 2020. A senior Noida police officer told PTI, "Tyagi's three associates were also held along with him." Before the arrests, Tyagi's wife was once again detained for questioning Tuesday morning in the case lodged at the Phase 2 police station here, according to officials. Tyagi, who was at large since Friday evening, had Monday moved a court in the Gautam Buddh Nagar … [Read more...] about Politician who abused, assaulted Noida woman arrested

This article first appeared in The Edge Malaysia Weekly, on August 1, 2022 - August 07, 2022. - A + A WILL it be third time’s the charm for Jardine Cycle & Carriage Ltd, which launched yet another unconditional takeover offer for Cycle & Carriage Bintang Bhd (CCB) on July 14? Jardine’s bid to acquire the rest of the shares in CCB that it does not already own — at an offer price of RM2.70 per share — marks its third attempt at making CCB a fully owned subsidiary. As with the first two exercises, the current offer is expected to fall short, because even though it is higher than the previous offers of RM2.20 per share followed by another at RM2.40, it is still far from the RM4.65 enterprise value (EV) that the main dissenting shareholder Datuk David Goh contends it is worth. In an exclusive interview with The Edge in July last year, Goh said that the underlying value of CCB — one of the largest Mercedes-Benz dealerships in the country — was at … [Read more...] about Suspense over Jardine’s third attempt at CCB privatisation

Share to Twitter Share to Linkedin In a surprise announcement, online jeweler Blue Nile said Monday that it has entered into an agreement to be acquired by an investor group comprised of funds managed by Bain Capital Private Equity and Bow Street LLC . The all-cash deal is valued at $500 million. The announcement came at the same time the Seattle-based company released its third quarter earnings report that disclosed a 4.3 percent drop in net sales. The report was issued without comment and a conference call scheduled for Monday was abruptly canceled. Bain Capital and Bow Street will acquire 100 percent of the outstanding shares of Blue Nile common stock. Blue Nile stockholders will receive $40.75 in cash per share, representing a premium of approximately 34 percent over Blue Nile's closing price on November 4. The deal, which requires customary closing conditions, including the approval of Blue Nile's stockholders and regulatory approvals, is expected … [Read more...] about Blue Nile To Be Acquired By Bain Capital and Bow Street, Goes Private, Q3 Sales Down 4.3%

Share to Twitter Share to Linkedin Both oil and gas exported from Russia bring in significant revenue that can be used to support the Russian war in Ukraine. But the export revenue from oil sales is much greate r than export revenue from gas sales. If the West stops buying oil this really hurts Russia – more than if the West stopped buying gas. Back in May, the EU agreed to ban all Russian oil imports by the end of 2022, at least those that are delivered by sea. That was a good move. Russia threatens to cut gas supplies to the European Union. Russia has realized that cutting natural gas doesn’t affect their export revenue (like oil does) but it affects the economies of EU countries a lot more. Russia supplied the EU with 40% of its gas last year , with Germany, Italy, and Netherlands the top three importers in actual volumes of gas. Germany had imported more than 50% of its gas from Russia via the Nord Stream 1 pipeline. By the end of June, … [Read more...] about Russia Threatens, EU Reduces, US Industry Helps To Untangle The Natural Gas War In Europe.

A crowd at an election rally in Uttar Pradesh. (Image Source: AP/File photo) The prime minister has set the cat among the pigeons, with his fusillade against election freebies while inaugurating the Bundelkhand expressway. He said the culture of garnering votes by promising freebies harms the country’s economic development and warned the youth, ‘Your present will be lost and your future pushed into darkness.’ Those who believe in distributing freebies, he said, would never build infrastructure, sorely needed for securing the country’s future. That little speech succinctly lays out the rationale against populism---it promises instant gratification, at the cost of future penury. Predictably, the speech drew the ire of AAP supremo Arvind Kejriwal, who defended his trademark policy of giving away free power. His promise of giving 300 units of free power to each household if his party wins the Gujarat elections is estimated to cost the state Rs 8700 crore a year. It is policies such as … [Read more...] about The hidden cost of free lunches

LEGAL AID | Human rights lawyer Angelo Karlo Guillen interviews clients during a fact-finding mission on Negros Island in 2019. (NUPL PHOTO) Seventeen months after narrowly surviving a stabbing attack, an Iloilo-based human rights lawyer who has been repeatedly red-tagged gets honored by a US-based international human rights organization. Angelo Karlo Guillen is this year’s recipient of the Roger N. Baldwin Medal of Liberty Award, the Human Rights First organization announced in a statement on Aug. 8.“For more than 30 years, the Baldwin Medal has brought recognition and support to extraordinary activists who are advancing the protection of human rights at great personal risk,” said Human Rights First president and chief executive officer Michael Breen in a statement. Human Rights First noted Guillen’s work as a human rights defender and official of the National Union of Peoples’ Lawyers (NUPL) and his “focus on helping document human rights violations and educating farmers … [Read more...] about Lawyer who survived slay try to get international rights award

The benchmark Philippine Stock Exchange index (PSEi) edged higher on Tuesday despite the latest gross domestic product numbers showing the economy expanded slower than expected to 7.4 percent in the second quarter of the year. The PSEi rose 0.54 percent, or 34.73 points, to 6,468.97 while the broader All Shares index added 0.22 percent, or 7.71 points, to 3,456.44. The Bank of the Philippine Islands (BPI) said growth in the second quarter might have been higher if oil prices were stable. Economists polled by Reuters expected the economy to grow by 8.6 percent in the second quarter. “Nonetheless, the economy has shown its resilience despite this headwind. The impact on mobility has been minimal so far despite the increase in transport costs,” BPI said. The lender added that slower growth was expected in the second half of the year due to “fading base effects and the impact of inflation.” “Pent up demand may still be present but most likely it’s as strong as before. … [Read more...] about PH equities cheer strong Q2 economic growth

U.S. stocks continued to claw their way back last week, especially growth stocks . For the week, the Nasdaq posted a gain of 2.2% and the S&P 500 rose 0.4%. The Dow? Not so much, sliding just 0.1%. A blowout jobs report for July offered up another dose of good news for the economy and not-so-good news for the stock market, but equity investors hung in there. U.S. employers added 528,000 jobs to their payrolls last month , which was more than twice what was expected, and that added credence to the Federal Reserve 's stance that the U.S. economy is not in a recession given the continued strength of the labor market. So, the thinking goes, the Fed will continue to be aggressive in raising interest rates to cool down inflation, because it's not impacting companies' willingness to hire. That led to a steep selloff in U.S. Treasurys, with the yield on the 10-year Treasury note ending the week at 2.83%. Oil prices continue to tumble, hitting their lowest level since early … [Read more...] about Live from InvestFest with Downtown Josh Brown, BitBoy Crypto, and Lamar Wilson

Screenshot of the Supreme Court main building MANILA, Philippines — The Supreme Court has ruled that the privilege of the writ of amparo is meant to protect victims from the threat of extrajudicial killing, as it upheld a protective order for a woman who lost her husband to the Duterte administration’s war on drugs in 2016. In denying the petition of law enforcers to dismiss the writ, the high court explicitly recognized the death of Christina Gonzales’ husband as an “extralegal killing,” and affirmed the finding of the Court of Appeals (CA) that the widow had good reason to fear for her life. Gonzales’ husband, Joselito, was a suspected drug dealer who was killed in a police operation in Antipolo City in July 2016, shortly after then-President Rodrigo Duterte came into power. The previous administration’s bloody campaign against illegal drugs claimed the lives of thousands of drug suspects, for which Duterte and his subordinates were charged with crimes against humanity in … [Read more...] about SC favors drug war widow, calls PNP ops ‘extralegal killing’