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Property shares are looking much better value than physical property and there is a need for consolidation in the sector with too many companies and liquidity only in the leading stocks.This is the sort of property analyst’s message that the industry has become used to in the 1990s. But the same message was being heard 50 years ago when Warburg (then known as Hurst-Brown, Buckmaster and Peter Hicks) began property research.Warburg’s first note, which came out in January 1949, was re-published this week to celebrate the broker’s 50 years of research and the retirement of head analyst Roger Moore after 25 years.Moore was arguably the doyen of property analysts and, until recently, was voted the best in the sector every year.Fifty years ago, there were 132 quoted property companies – roughly the same number as today.‘Very little changes over the cycles other than the names of companies and personalities,’ concludes Moore.‘Property will always be a sector prone to feast or famine and one in which fortunes can be made with little equity capital outlay won or lost. History shows that the shrewd investor cystallises or consolidates gains but those who become so intoxicated by their success that they begin to think they are infallible often lose their fortunes in cataclysmic fashion.’ read more
A Palm Beach County mother is under arrest, accused of using her car to drag a police officer at least 20 feet during school drop-off.According to an arrest report, it happened on Wednesday morning at Liberty Park Elementary School in Greenacres. The report states that 29-year-old Pracilla Alejandro was illegally parked in a crosswalk outside the school.When a school district police officer asked Alejandro to move her car, Alejandro allegedly responded in an angry tone, “Where am I supposed to park then?”The officer told Alejandro that she could park near the curb, to which she responded, “You are not a real cop, you are just a school cop.”Alejandro then refused to give the officer her driver’s license and registration, as requested.The arrest report states, “Mrs. Alejandro continued her verbal assault on [the officer] in a highly agitated and aggressive tone.”The officer had placed her body within the car’s open driver’s-side door and the frame.According to the arrest report, Alejandro drove away without warning, causing the officer “to be trapped and dragged by the moving vehicle,” about 20 to 25 feet.The officer held onto the car and grabbed Alejandro, who eventually stopped the vehicle. At that point, the officer pepper sprayed Alejandro and took her into custody.Police say Alejandro’s young daughter was in the car during the entire incident.The officer suffered cuts to her right forearm, as well as a severe bruise to her right shin.Alejandro was later booked into the Palm Beach County Jail on charges of aggravated battery on a law enforcement officer and resisting an officer with violence. read more
NASCAR lost one of its legends Friday when Junior Johnson died at age 88. Johnson was one of the most successful drivers and team owners in the sport’s early decades, and he was a part of the inaugural NASCAR Hall of Fame Class in 2010. He also attracted a devoted fan base through his backstory of outrunning the law as he hauled moonshine across North Carolina, an endeavor that, in turn, led to him running stock cars. MORE: Notable sports deaths of 2019People associated with NASCAR, in reacting to the news of his death, detailed Johnson’s outsize role in building stock car racing into a national sport:NASCAR statement from Jim France on the passing of Junior Johnson. pic.twitter.com/Kg8aaVitxH— NASCAR (@NASCAR) December 20, 2019No one outside the France family has been more instrumental to the growth of Nascar than #JuniorJohnson, who has passed at age 88. A superstar driver, then multi-championship team owner, he brought RJR/Winston to Nascar, vaulting the sport to national prominence.— Mike Joy (@mikejoy500) December 20, 2019Robert Glenn Johnson, Jr.The Last American Hero.What a Legend.Rest easy Junior. https://t.co/NdSokBy8G0— Dale Earnhardt Jr. (@DaleJr) December 20, 2019really saddened by the news of the passing of NASCAR pioneer Junior Johnson. it’s been a tough year for the guys from the early days. 😪 pic.twitter.com/Q4hGgOxr3d— Wood Brothers Racing (@woodbrothers21) December 20, 2019Every aspiring driver needs to know Junior Johnson’s story. RIP the true soul of NASCAR. Built cars to outrun the law. Then, only legends receive pardons from Presidents. pic.twitter.com/M8fbwthL2U— Kurt Busch (@KurtBusch) December 21, 2019Junior Johnson was both an all-time great driver and an all-time great owner as well. His legacy will live on in the sport for generations. pic.twitter.com/E7P7osKWBV— Jaret Lundberg (@IceTitan80) December 20, 2019A one of a kind icon. Larger than life on and off the track.I’ve always dreamed of sitting and listening to Junior Johnson tell stories about his career. I can’t even imagine.Thank you Junior, for everything. pic.twitter.com/1ApTjr2bnS— Seth Sharp (@SethSharp35) December 20, 2019Junior Johnson was one of the coolest people who ever lived. Innovator. Bootlegger. Man’s man. American badass of the highest order.The Last American Hero.One of the great pleasures of my career was sitting alongside him @NASCARHall voting days, and listening.Rest easy, sir. pic.twitter.com/RMKfAoi0Bl— Marty Smith (@MartySmithESPN) December 21, 2019My favorite Junior Johnson story was when I personally went to JJs house at 19 years old trying to get a job in the sport. He was mowing his yard, shut his mower off and just told me the best way to do it. It was a moment engraved in my head forever.Hate to lose these legends.— 𝐒𝐭𝐞𝐯𝐞 𝐂𝐚𝐫𝐧𝐞𝐬 (@racechaser1one) December 20, 2019 read more
Executives from the Guyana National B r o a d c a s t i n g Authority (GNBA) and the Guyana Elections Commission (GECOM) met on Thursday to discuss collaboration for the upcoming March 2, 2020, General and Regional Elections. Attending the meeting on behalf of the GNBA were Board Chairman Leslie Sobers, Board Member and Chair of the Monitoring and Compliance Committee Jocelyne Josiah, Board Secretary Violet Boyal, Head of the Monitoring and Compliance Department Christina Bianchini, and Public Relations Officer Joel Ally. On GECOM’s side were Chairman Justice Claudette Singh, Chief Elections Officer Keith Lowenfield, and Public Relations Officer Yolanda Ward. Sobers gave a synopsis of the mandate of the GNBA and the scope of the authority with respect to its monitoring parameters and capacity. The Chairman alluded to the fact that GECOM has a wider mandate as it relates to monitoring during the elections period, and it is the intention of the Authority to collaborate with the Guyana Elections Commission and the Ethnic Relations Commission (ERC) during the elections period. He went on to explain that the Authority, similar to the ERC and GECOM, monitors for content that may incite racial hatred or crime and public disorder, with respect to broadcasting. He pointed out that enshrined in the Broadcasting Act, there is a fairness doctrine which means that broadcasters, when dealing with controversial issues, must cater for balance and fairness with respect to treatment, time and space allocation. Board member Josiah informed GECOM representatives that there is an entire department at the GNBA that monitors content. She proffered that the Code of Conduct for GECOM needs to be reviewed and updated in preparation for the upcoming elections; GECOM representatives agreed. PRO Ally informed the meeting that the populace is gradually moving away from the mainstream media and social media is continuously growing. He added that reporters in addition to signing on to the Media Code of Conduct should also reflect those principles stipulated in the Code of Conduct when posting content and opinions on social platforms; being cognisant of the fact that they have an influence on their followers.???????????????????????????????????? read more