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Drop in Boxing Day footfall ‘signals return to declining pre-pandemic levels’Philadelphia Mayor Cherelle L. Parker is shying away from confirming Philly’s “sanctuary city” status in the wake of Donald Trump’s landslide election, despite pressure from Latino activists. Parker, who was just took office on January first, took a pass on reaffirming the city’s sanctuary status in the week after Trump’s election in November. And since then, she and her administration have largely refused to comment too deeply on the issue, according to the Philadelphia Inquirer . The Philly city council designated the town as a sanctuary for illegal border crosses in 2016, and this week, Parker spokesperson Joe Grace insisted that the order “remains in place.” “The Parker administration remains laser-focused on the agenda that Philadelphians elected her to implement: making Philadelphia a safer, cleaner, greener city, with access to economic opportunity for all,” Grace added. But activists are vexed that Parker is not giving the issue more attention. “We are concerned about how she’s not publicly supporting,” said immigrant activist Patty Torres, co-deputy director of Make the Road Pennsylvania. “Philadelphia definitely needs a leader that protects immigrant families, now more than ever.” Blanca Pacheco, codirector of New Sanctuary Movement of Philadelphia, added, “We hope that she fights back as previous administrations have done. We can work together to fight back, and make the city stand for families and for freedom.” Still, Parker ran for mayor with a tough-on-crime theme last year when she won election, and opposing deportations would seem to be a contradiction to that pledge. Some are reading into Parker’s refusal to jump on the sanctuary train as evidence that she will side with the incoming Trump administration’s deportation goals. The Manhattan Institute’s Rafael Mangual, for one, insisted that Parker’s aversion to commenting on the issue is “a signal that she’s going to back away from the sanctuary-city policy.” Like other major U.S. cities, Philly has also seen busloads of illegals flood into its confines, but not to the same extent as cities such as Chicago, New York City, and Denver. According to WHYY radio , at 13.9 percent, the percentage of migrants in its population is higher than it has been since the 1940s. And last year, the city reported that nearly 3,000 migrants arrived on 71 buses that stopped there. By this year, the Migration Policy Institute estimated that there are 47,000 “unauthorized” migrants in Philly. Overall, the state of Pennsylvania has spent about $1,216,181,625 on Biden’s border crisis. Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston , or Truth Social @WarnerToddHuston
‘Freedom and democracy': Taiwan president seeks deeper ties with Guam, envoy says US support continues
VERO BEACH, Florida, Dec. 26, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. ARR ("ARMOUR" or the "Company") today announced guidance on the January 2025 cash dividend for the Company's Common Stock of $0.24 per Common share. January 2025 Common Stock Dividend Information Month Dividend Holder of Record Date Payment Date January 2025 $0.24 January 15, 2025 January 30, 2025 Certain Tax Matters ARMOUR has elected to be taxed as a real estate investment trust ("REIT") for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. Actual dividends are determined at the discretion of the Company's board of directors, which may consider additional factors including the Company's results of operations, cash flows, financial condition and capital requirements as well as current market conditions, expected opportunities and other relevant factors. About ARMOUR Residential REIT, Inc. ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises or guaranteed by the Government National Mortgage Association. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission ("SEC"). Safe Harbor This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. The Company disclaims any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. Additional Information and Where to Find It Investors, security holders and other interested persons may find additional information regarding the Company at the SEC's internet site at www.sec.gov , or the Company website at www.armourreit.com , or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations. Investor Contact: Gordon Harper Chief Financial Officer ARMOUR Residential REIT, Inc. (772) 617-4340 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Naidu flags cyber crimes, mobile addiction at education event
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The Madhya Pradesh High Court has stayed the annual general meeting (AGM) of Religare Enterprises until further notice following a writ petition filed by an investor. ET Year-end Special Reads Corporate Kalesh: Top family disputes of India Inc in 2024 The world of business lost these eminent people in 2024 Fast, faster, fastest: How 2024 put more speed into your shopping In a stock exchange filing, the New Delhi-based financial company said it had received an email from the lawyers of the writ petitioner filed before the court in Jabalpur. Religare's annual general meeting to get the shareholders' nod for three resolutions including the reappointment of chairperson Rashmi Saluja was scheduled for December 31. The order dated December 18 said, "Till further orders, the notice dated 09.12.2024 and the Annual General Body Meeting of Respondent No. 7 (REL), which is scheduled to be held on 31.12.2024, shall remain stayed." The petition by the investor alleged that if the AGM took place as scheduled, it would enable the acquirers (the Burmans) to exploit their dominant shareholding and change Religare's management. 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Last week, the Securities and Exchange Board of India (Sebi) approved the Burman family's proposed open offer to acquire an additional 26% stake in Religare. Earlier this month, the Reserve Bank of India (RBI) also gave its approval to the offer by the promoter family of Dabur . "It is verily believed they would ensure that a more pliant management is put in place which would not interfere with their open offer since much opposition has been made by the present management, who have, inter alia, raised issues of undervaluation of the offer price," said the writ petition. Proxy advisory firm InGovern Research Services, which advised shareholders of Religare to vote against the reappointment of Saluja as a director, termed the court order "bizarre". "It's bizarre that the HC is intervening in an issue based on an RBI order, given RBI is an independent regulator," said Shriram Subramanian, founder and MD of InGovern Research. "The decision to block the AGM is illogical, as it makes the company non-compliant with the Companies Act." In August, Religare deferred its AGM from September to December. Following this, the Burman family filed a petition with the Delhi High Court against the Registrar of Companies (RoC) and Religare for delaying the AGM. The Religare management led by Saluja has been opposed to the open offer by Burmans, owner of consumer firm Dabur, citing concerns over a low offer price and "fit and proper" allegations. The open offer, announced at ₹235 per share, amounts to ₹2,116 crore in all for the additional stake. If successful, it would raise the Burman family's total stake in the New Delhi-based NBFC to well above 50%, effectively granting it majority control. (You can now subscribe to our Economic Times WhatsApp channel )
The Environmental Protection Agency (EPA) enhanced enforcement efforts this year, doubling financial penalties issued to polluters and issuing the first-ever arrest for a climate change-related crime, the agency said in a report Thursday. The EPA said it concluded more than 1,850 civil cases, a 3.4% increase over 2023, and charged 121 criminal defendants, a 17.6% increase over the previous year. The “revitalized enforcement and compliance efforts” resulted in the reduction or elimination of more than 225 million pounds of pollution in overburdened communities, the agency said in its final report on Biden-era enforcement actions before President-elect Donald Trump takes office in January. The agency said it issued $1.7 billion in fines and penalties, more than double the 2023 total and the highest level in seven years. Bolstered by 300 new employees hired since last year, the enforcement program focused on “21st century environmental challenges,” including climate change, environmental justice, and chemical waste, said David Uhlmann, EPA’s assistant administrator for enforcement and compliance assurance. More than half the agency’s inspections and settlements involved poor and disadvantaged communities long scarred by pollution, reflecting the Biden administration’s emphasis on environmental justice issues . | Enforcement efforts included first-ever criminal charges for a climate change-related crime. A California man was charged in March with smuggling climate-damaging air coolants into the United States. The case involved hydrofluorocarbons, a highly potent greenhouse gas also known as HFCs, a gas once commonly used in refrigerators and air conditioners. A 2020 law passed by Congress prohibits importation of HFCs without allowances issued by the EPA. The law is part of a global phaseout designed to slow climate change. Uhlmann called enforcement of the HFC law a high priority for the United States and the world. “Alongside methane, HFCs are one of the most significant near-term drivers of climate change. And the criminal program is front and center there,” he said. In other highlights, engine maker Cummins Inc. paid more than $2 billion in fines and penalties —and agreed to recall 600,000 Ram trucks—as part of a settlement with federal and California authorities. Cummins was found to use illegal software that let Ram trucks—manufactured by Stellantis—to skirt diesel emissions tests for nearly a decade. The fine is the largest ever secured under the federal Clean Air Act. The EPA and Justice Department also reached a $241.5 million settlement with Marathon Oil for alleged air quality violations at the company’s oil and gas operations on the Fort Berthold Indian Reservation in North Dakota. The settlement requires Marathon to reduce climate- and health-harming emissions from those facilities and will result in over 2.3 millions tons worth of pollution reduction, officials said. Uhlmann, who was confirmed as head of the enforcement office last year, said in an interview that with the help of a spending boost approved by Congress, the agency has made “consequential changes in how we approach enforcement at EPA.” “We’ve revitalized an enforcement program that suffered more than a decade of budget cuts and was badly hampered by the [COVID-19] pandemic,” he said. The agency also weathered a series of actions by former President Donald Trump’s administration to roll back environmental regulations and reduce overall staffing. “We’ve strengthened the partnership between the criminal and civil programs, and we’ve also focused on moving our cases with greater urgency so that we provide meaningful results to communities in time frames that make sense to the people who are harmed when unlawful pollution occurs,” Uhlmann said. With Trump set to return to the White House, Uhlmann said he hoped enforcement would not suffer, noting that a host of civil and criminal investigations begun in the past two years could bear fruit in 2025 and beyond. Trump, who has named former New York Rep. Lee Zeldin to be EPA administrator, has said he will again slash regulations and target what he calls onerous rules on power plants, factories, and oil and natural gas production. Uhlmann declined to speculate on how enforcement will change under Trump but said, “Upholding the rule of law and making sure that polluters are held accountable and communities are protected from harmful pollution is not a partisan matter. We do enforcement at EPA based on the law, based on the facts, without regard to politics. “So, you know, communities should expect that EPA will continue to protect them from harmful pollution.” —Matthew Daly, Associated Press The application deadline for Fast Company’s World Changing Ideas Awards is this Friday, December 6, at 11:59 p.m. PT. Apply today.