Category: anvzrm

Brazil betting launch faces delays after regulatory shift

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Brazil’s Secretariat of Evaluation, Planning, Energy and Lottery (SECAP) has launched a third consultation on fixed-odds sports betting, heralding a major shift in its approach to regulation of the market and all but certainly delaying the launch of legal sports betting in the country. Topics: Legal & compliance Sports betting 18th February 2020 | By contenteditor Subscribe to the iGaming newsletter Tags: Mobile Online Gambling OTB and Betting Shops Brazil’s Secretariat of Evaluation, Planning, Energy and Lottery (SECAP) has launched a third consultation on fixed-odds sports betting, heralding a major shift in its approach to regulation of the market and all but certainly delaying the launch of legal sports betting in the country.The new consultation, launched yesterday (17 February), calls for public comment on a shift to a concession model, where a fixed number of licences are put up for tender. This marks a sharp about-turn from the original plan of a qualitative model, in which any operator able to meet the licence conditions would have been able to secure approval to operate.The change is the result of an intervention from the Attorney General’s Office of the National Treasury (PGFN), which consults on legal matters within the Ministry of Finance.The PGFN argued that a concession model would give the government more control over the Brazilian sports betting industry, both to crack down on wrongdoing by licensees and to tackle illegal operators targeting the market.This is the third publication to be run by SECAP on sports betting, following one launched on 30 July, attracting 1,849 submissions. A second, which ran until 27 September, invited public comment on draft sports betting regulations, and attracted 2,644 comments.While SECAP noted that these had been crucial in preparing the draft Presidential Decree to implement sports betting legislation, the latest consultation will look to improve the draft further by developing a concession-based model.The latest consultation will run until 6 March, meaning that the opening of the market is likely to be pushed back. Once the final decree is published, the legislation will come into effect 180 days later.This final Presidential Decree was originally expected to be published in January or February. As a result of the consultation, and factoring in time to consider the submissions and any changes, the earliest point at which the market could launch is likely to be late 2020.Operators hoping for a licence in Brazil have already faced an unexpected hike in potential tax rates, after the 1% turnover tax included in the original draft decree was raised to 3%. This was down to the 3% rate being included in Law Number 13,756/18, which was signed into law in December 2018.A Presidential Decree cannot override a law, meaning the tax rate could not be changed. Brazil betting launch faces delays after regulatory shift Email Address Legal & compliance Regions: LATAM Brazillast_img read more

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Sterling Bank Plc (STERLN.ng) Q32013 Interim Report

first_imgSterling Bank Plc (STERLN.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2013 interim results for the third quarter.For more information about Sterling Bank Plc (STERLN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Sterling Bank Plc (STERLN.ng) company page on AfricanFinancials.Document: Sterling Bank Plc (STERLN.ng)  2013 interim results for the third quarter.Company ProfileSterling Bank Plc is a financial services institution in Nigeria offering banking products and services to the corporate and commercial sectors as well as high net-worth individuals, small businesses and joint venture partnerships. The company provides a full-service offering for consumer and commercial banking as well as corporate, investment and wholesale banking. This includes loans and advances, letters of credit, equipment leasing, money market operations and electronic banking as well as financial advisory and securities trading services. The company was founded in 1960 and formerly known as NAL Bank Plc. Its head office is in Lagos, Nigeria. Sterling Bank Plc is listed on the Nigerian Stock Exchangelast_img read more

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National Foods Holdings Limited (NTFD.zw) 2014 Annual Report

first_imgNational Foods Holdings Limited (NTFD.zw) listed on the Zimbabwe Stock Exchange under the Agri-industrial sector has released it’s 2014 annual report.For more information about National Foods Holdings Limited (NTFD.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the National Foods Holdings Limited (NTFD.zw) company page on AfricanFinancials.Document: National Foods Holdings Limited (NTFD.zw)  2014 annual report.Company ProfileNational Foods is Zimbabwe’s largest food manufacturer. The company was established in 1920 and produces a broad range of basic foods including maize meal, flour, cooking oil, margarine, rice, salt, snacks, biscuits, pasta, sugar beans, baked beans, popcorn, as well as soap and a full range of animal feed. Recently, a maize based cereal has been added to the National Foods product portfolio. The company’s iconic and home-grown brands Red Seal, Pearlenta, Gloria, Mahatma, Better Buy, ZimGold, National Foods Stockfeeds, Iris, Zapnax, KING and most recently Allegros Popticorn are loved across the length and breadth of Zimbabwe. Gloria and Red Seal have been trusted and esteemed brands in Zimbabwe for almost a 100 years. The company has 2 major shareholders; Innscor Africa Limited 37.73% and Tiger Brands 37.45%. The National Foods Workers Trust, which was established in 1985 by way of a Donation also owns 9.85% of the company. The beneficiaries of the Trust are the National Foods Ltd non-managerial employees. The company is listed on the Zimbabwe Stock Exchange. National Foods has manufacturing sites in Harare, Bulawayo and Mutare from which it distributes its products throughout Zimbabwe. Our people work passionately to add value to the lives of our customers and consumers through our products; striving to continuously improve our existing products as well as progressively adding new categories to our portfolio. National Foods Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

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Seed Co International Limited (SCIL.zw) 2018 Prospectus

first_imgSeed Co International Limited (SCIL.vx) listed on the Victoria Falls Stock Exchange under the Agricultural sector has released it’s 2018 prospectus For more information about Seed Co International Limited (SCIL.vx) reports, abridged reports, interim earnings results and earnings presentations, visit the Seed Co International Limited (SCIL.vx) company page on AfricanFinancials.Document: Seed Co International Limited (SCIL.vx)  2018 prospectus Company ProfileSeed Co International Limited is one of the leading certified seed companies authorized to market seed varieties developed by itself, government and other associated seed breeders in its markets. From years of intensive investment in R&D, the Company is involved in the breeding, multiplication and distribution of mainly hybrid seed varieties. Seed Co International Limited is primarily listed on the Botswana Stock Exchange, with a secondary listing on the Victoria Falls Stock Exchangelast_img read more

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How I’d invest for a passive income if the market crashes again

first_img Our 6 ‘Best Buys Now’ Shares Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Obtaining a passive income has become more difficult over the past few months, as a number of stocks have cut their dividends. There may be further changes to dividend policies should another market crash occur later in the year, thereby making the task of generating an income return on your capital even more challenging.However, by focusing on defensive stocks with affordable dividends, you could build a resilient portfolio that offers a reliable long-term passive income.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…Defensive stocksSome companies have been negatively impacted by the recent market crash and uncertain outlook for the economy. Others, meanwhile, continue to offer an attractive passive income due to their business models being relatively defensive. In other words, they are less reliant on the economy’s outlook than their stock market peers.As such, it may be prudent to purchase companies with defensive characteristics during a market crash. They may be less likely to cut or postpone their dividends, and may even be able to raise shareholder payouts to provide a growing passive income over the long run.An affordable passive incomeCompanies that pay affordable dividends may also offer a more resilient passive income during periods of economic strain. A business that uses a modest portion of its net profit to pay dividends may not need to reduce its shareholder payouts in a scenario where its profitability comes under pressure.Therefore, focusing your capital on companies with attractive dividend coverage ratios could be a shrewd move. The dividend coverage ratio is calculated by dividing net profit by dividends paid, with a figure in excess of one showing that profits fully covered shareholder payouts. However, to obtain a more secure dividend, investors may wish to purchase companies that have dividend coverage ratios that are in excess of one so as to enjoy a margin of safety.Spreading the riskObtaining a passive income from a wide range of assets was possible prior to the global financial crisis. However, low interest rates since then mean that the income returns on cash and bonds have been disappointing. They now look set to remain low over the coming years to support the economic recovery.Therefore, diversifying across a range of dividend stocks is likely to become increasingly important. Investors may have a larger proportion of their portfolio in equities, which poses greater risks than having a mix of income-producing assets that includes cash and bonds.Through buying multiple stocks to create a passive income, you can lower your company-specific risk. This is the risk that one or more companies experience disappointing periods that have a large impact on your portfolio’s overall performance. By spreading your capital across many businesses, it is possible to enjoy a more reliable income over the coming years – even if there is a further market crash. How I’d invest for a passive income if the market crashes again 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. 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. 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. Peter Stephens | Monday, 20th July, 2020 Simply click below to discover how you can take advantage of this. Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Peter Stephenslast_img read more

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8.3% dividend yields! 2 UK shares I’d buy in February and hold for 10 years

first_img8.3% dividend yields! 2 UK shares I’d buy in February and hold for 10 years 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. FREE REPORT: Why this £5 stock could be set to surge Enter Your Email Address Get the full details on this £5 stock now – while your report is free. Simply click below to discover how you can take advantage of this. 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. Confidence on UK share markets remains pretty delicate as we move into mid-February. Neither the FTSE 100 nor the FTSE 250 have made any notable progress in the year to date. In fact the Footsie is down since the turn of 2021 as enduring fears over Covid-19 provoke investor jitters.I consider this to be a wasted opportunity. This is because UK stock markets are packed with quality stocks that should thrive over the long term. And a large number of these are still trading at rock-bottom prices following the 2020 stock market crash.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…Careful now!Of course, investors need to be careful as the public health emergency rolls on. Shareholder returns took an almighty smack last year as hundreds of UK shares cut, postponed or cancelled dividends following the coronavirus outbreak. There could be a repeat in 2021 should Covid-19 continue to spread, creating more profits woe and damaging already-strained balance sheets.But as a long-term investor myself, I’m continuing to invest in my Stocks and Shares ISA. And I will continue to do so, even if stories about Covid-19 variants cast doubts on the economic recovery. I think there are stacks of quality UK shares with the strength to keep weathering the impact of lockdowns and travel restrictions. Defensive stocks like this include telecoms providers, beverages manufacturers and makers of personal goods. Demand for their goods and services remains fairly constant during economic upturns and downturns.2 UK dividend shares on my ISA watchlistHere are two UK stocks I’m thinking of adding to my Stocks and Shares ISA this month. I think they’re in great shape to keep paying big dividends whatever happens in the fight against Covid-19.#1: Direct Line Insurance Group. Non-life insurance demand tends to be stable irrespective of broader economic conditions. It’s particularly predictable when it comes to car insurance as having cover on your motor is a legal requirement. There is a risk that further Covid-19 lockdowns could hamper insurance uptake as Britons stay indoors, thus hitting profits at Direct Line. But on the other side, infection fears have increased the number of people picking their cars over using public transport. This will likely continue as long as Covid-19 persists. Today Direct Line carries a meaty 7.5% dividend yield for 2021.#2: Polymetal International. Gold prices flew to record peaks in 2020 as the emergence of Covid-19 boosted demand for flight-to-safety assets. The successful rollout of vaccines in stemming the crisis might make bullion values backpedal from current levels below those all-time highs. And this would be detrimental for gold producers like Polymetal, naturally. But there are other reasons why I think gold prices could still rise regardless of this scenario. The prospect of a sinking US dollar is one, making it cheaper to buy greenback-denominated gold. So is broad concern over rocketing inflation due to ongoing central bank and government stimulus. These are macroeconomic issues that could continue long past 2021 too. I’d buy UK gold-producing shares like 8.3%-yielding Polymetal to ride this theme.center_img Our 6 ‘Best Buys Now’ Shares Royston Wild | Thursday, 11th February, 2021 | More on: DLG POLY Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. 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. Image source: Getty Images See all posts by Royston Wildlast_img read more

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My best shares to buy now list: 1 FTSE 100 dividend stock I like right now

first_img Enter Your Email Address Jabran Khan | Friday, 12th February, 2021 | More on: SSE Simply click below to discover how you can take advantage of this. 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. My best shares to buy now list: 1 FTSE 100 dividend stock I like right now Jabran Khan 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. FREE REPORT: Why this £5 stock could be set to surge 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.center_img My best shares to buy now list is split into different categories. One of these categories is for dividend stocks I believe can make me a passive income. With that in mind, I’ll tell you why I like FTSE 100 energy supplier SSE (LSE:SSE) right now.Defensive capabilitiesSSE is the third-largest supplier of electricity and gas in the UK. It supplies electricity and gas under the Southern Electric, Scottish Hydro Electric, SWALEC, and Atlantic brands. It currently services over 7m customers.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…There are a few utility companies on my best shares to buy now list. Utility companies possess excellent defensive capabilities, as they are essential bills. The recent economic downturn may have forced consumers to cut back on luxuries. Bills such as mortgages, council tax, and utilities are essential, however.In general, utilities businesses tend to be favourable income investments as utilities are in a generally stable industry. SSE can rely on long-term contracts with customers, usually a minimum of a year in most cases. This provides a healthy regular income stream.Why is it on my best shares to buy now list?SSE is classed as a blue-chip stock and I believe it carries less risk than a smaller business. Every investment has some level of risk, however, organisations as big as SSE have more mechanisms in place to prevent issues from arising. If problems do crop up, big companies are often better equipped to handle them more effectively.SSE has long been considered one of the UK’s best blue-chip stocks. The FTSE 100 offers an average dividend yield of close to 3%. At the time of writing, SSE currently supports a dividend yield of just over 5%, which is very tempting. At current levels, SSE’s share price is nearly 15% lower than at this time last year, trading at 1428p per share as I write. It currently trades at 16.1 times earnings. I wouldn’t class that as cheap, but it’s not expensive either.Apart from its size and operational reach, I really like SSE as it is diversifying its operations towards renewable energy. Renewable energy presents a big challenge for traditional energy firms as they commit to net carbon zero. SSE is developing the world’s largest offshore wind farm. In addition to this, it is involved in many other projects as part of joint ventures across Europe.Risk and rewardMany firms across the FTSE 100 had to cut dividends when the market crashed due to the global pandemic.The risk with SSE is that it could cut its dividend, which it did recently to meet capital spending requirements. Furthermore, a high dividend yield might indicate a business in distress. The yield could be high because the company’s shares have fallen in response to financial troubles, and the struggling company hasn’t cut its dividend yet. Management has reaffirmed its commitment to the dividend for at least the next year. In the near term, it looks sustainable. As with all of my best shares to buy now list, I look at the long term rather than short-term buy and sell strategies. SSE is firmly in the long term section of my list. Here is another FTSE 100 dividend stock I really like right now. Image source: Getty Images Our 6 ‘Best Buys Now’ Shares Get the full details on this £5 stock now – while your report is free. Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. See all posts by Jabran Khanlast_img read more

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A UK share I’d buy to double my money in the next decade

first_imgA UK share I’d buy to double my money in the next decade Get the full details on this £5 stock now – while your report is free. Image source: Getty Images. I’d like to double my money in the next 10 years. There are a number of approaches I could take to investing in UK shares with this goal. One would be to select a share whose share price I expected to grow. This is what is often called ‘growth investing’. Another way would be to select a share with a high income. Often this is called ‘income investing’.For the best chances of doubling my money with UK shares, I’d usually look at a growth share. However, the performance of growth shares can be very uneven. Unproven technologies or new markets can be rewarding – but they can also be challenging. I’ve been hunting for an income share I think can double my money over the next decade.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…These UK shares yield 10%Imperial Brands (LSE:IMB) has a yield that currently hovers around 10%. That means that for every £100 I put in the shares today, I expect to receive £10 in dividends each year. Even if Imperial doesn’t raise its dividend, and even if I don’t reinvest the dividends, that means that after 10 years I expect to have received my investment back in dividends – and still have the shares.This expectation does depend on the dividend being sustained. Companies can cut or stop paying dividends at any time. Last year, for example, Imperial cut its dividend by a third. Assuming the dividends are sustained, it could take less than 10 years to double my money if I reinvested them. That’s thanks to the power of compounding. Let’s say I put the first year’s dividends into shares. If they continued to trade at the current price, that would mean I would hold £1,100 of shares after a year. So in the second year, my dividend payment at 10% would be £110, not £100. In that way, I would expect to double my money in less than a decade.However, that does depend on what the future share price is. If the share price goes up, then when I buy more in the future, they would likely be yielding less than 10%. On the positive side, though, my initial investment would benefit from this share price appreciation.The company’s main focus is selling cigarettes. While that has been a lucrative business for decades, cigarette use is falling in many developed markets. That could affect the company’s future ability to pay dividends and its share price.Uncertain growth prospectsWhy is Imperial yielding 10%? Tobacco shares often have high yields, but the yield here is higher than for fellow UK share British American Tobacco, for example. I think it partly reflects City concern that the company will be unable to perform well in the future.That could affect dividends. It could also weigh negatively on the share price. To double my money in 10 years with a 10% yield, I would not only want the dividend to be sustained. I would also need the share price to stay flat or increase. If the share price falls a lot, that would affect my overall return.So while I am confident Imperial can profit from cigarettes for decades to come, there are some analysts that are not so confident. However, I hope that by investing in Imperial I can double my money in a decade. That’s why I have made the move and put money into Imperial shares. christopherruane owns shares of British American Tobacco and Imperial Brands. The Motley Fool UK has recommended Imperial Brands. 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. Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. 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. See all posts by Christopher Ruanecenter_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. FREE REPORT: Why this £5 stock could be set to surge Christopher Ruane | Thursday, 4th March, 2021 | More on: IMB Simply click below to discover how you can take advantage of this. Enter Your Email Addresslast_img read more

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Awareness of Anglican Communion radically changed in a decade

first_img The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group August 10, 2012 at 12:26 am Might I remind Canon Kearon that he is a servant of the Communion, not a political fixer for those who would centralize the Communion into a unitary and curial church, utterly disconnected from Anglican history and ecclessiology. It’s high time he left his insulting talking points and his nasty insinuations behind and tried having some serious engagement with those of us who oppose the proposed Anglican Covenant. AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Associate Rector for Family Ministries Anchorage, AK Press Release Service An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Featured Events August 9, 2012 at 9:22 pm Poor Canon Kearon. He is so desperately trying to make a silk purse out of a sow’s ear. It’s pitiful, really.As Bishop Jefferts Schori, her remarks are more troubling. Why in God’s name are we trying to find “other avenues” to fund an Anglican Communion Office that does not deserve the name? Anglican Communion, Jesse Zink says: Torey Lightcap says: Anglican Covenant, The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Family Ministry Coordinator Baton Rouge, LA By Matthew DaviesPosted Aug 9, 2012 Malcolm French+ says: August 13, 2012 at 10:20 am Hmmmm…. Sounds like Canon Kearon is jealous of the money TEC poured into Tanzania and other African provinces to buy their affection. Canon Kearon, if you really want money out of TEC you need to pretend you oppose their agenda of spiritual destruction. Then after a few months someone from TEC will contact you and offer to fly you and your family first class to America and give seed money for your favorite ministry. Remember… Indaba good — creation, science, evolution, Bible, revelation and reason are bad. Rector and Chaplain Eugene, OR Director of Administration & Finance Atlanta, GA Rector Pittsburgh, PA Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Priest-in-Charge Lebanon, OH Assistant/Associate Rector Morristown, NJ New Berrigan Book With Episcopal Roots Cascade Books August 9, 2012 at 6:22 pm I’m grateful to Matt Davies for taking the time to find answers to some of the questions about funding for the Anglican Communion Office. This is important reporting for the Communion, particularly the American church, as it helps us understand the result of funding decisions made at General Convention.I’m less impressed with the lede of the article, which claims the article will be about the entire Communion and then marshals evidence only from the American church. This seems to be evidence of one of the less desirable American traits, namely the willingness to generalize from a quite particular body of experience. My sense of the last decade is that the American church, particularly its liberal wing, has been rushing to catch up with where the rest of the world already was.-Jesse Zink Submit a Job Listing Rector Tampa, FL Cathedral Dean Boise, ID Canon for Family Ministry Jackson, MS August 9, 2012 at 5:09 pm “The Rev. Canon Kenneth Kearon, secretary general of the Anglican Communion, said that although he did not attend the 77th General Convention in Indianapolis, he is “more than heartened” by the passage of Resolution D008 that reaffirms the Episcopal Church’s commitment to building Anglican Communion partnerships.”We have always been committed to building Anglican Communion partnerships. We are just not willing to sacrifice women and LGBT people on the altar of “bibleolotry”. I am also heartened by B005’s re-committment to the Anglican Communion. It states a fact that has ever been thus. I am disappointed that B005 kicked the can down the road on the Anglican Covenant. Kearon’s delight at B005 only confirms what some of us already knew: Given half a chance, those who support the Anglican Covenant will work to resurrect it. When that happens and TEC has to take a stand, watch and see how “heartened” Kearon is about our “partnership”.Elizabeth KaetonLong Neck, DE Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Assistant/Associate Rector Washington, DC Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Curate Diocese of Nebraska General Convention, The Rev. Ann Fontaine says: Missioner for Disaster Resilience Sacramento, CA Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Albany, NY An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Rector Knoxville, TN Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Youth Minister Lorton, VA Associate Priest for Pastoral Care New York, NY August 9, 2012 at 4:00 pm “What is surprising and very heartening is the extent to which even those opposed [to the covenant] are now talking about the communion in a different way,” Kearon said. “This has been a huge learning experience. People have learned in the process a lot about their identity and what the Anglican Communion is.”I’ve heard a lot of baloney fron Canon Kearon over the years but this one could just take the cake. What’s surprising is the extent to which those committed to continuing to push this ill-conceived mess of cohersion clothed in covenant clothing are willing to ignore how ontologically antithetical it is to the core traditional value of Anglican comprehensiveness.BREAKING NEWS: We are opposed to the proposed covenant BECAUSE we value our identity as Anglicans … and what is disheartening is that after all this time Kearon still doesn’t “get that” as a data point. Seriously!Susan RussellAll Saints, Pasadena Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Submit a Press Release Tags Elizabeth Kaeton says: Comments are closed. Rector Bath, NC [Episcopal News Service] The world’s 80 million Anglicans are much more aware today than they were 10 years ago that they belong to a global communion, a realization that has led to a flourishing of international relationships between the Episcopal Church and other provinces, dioceses and individuals.The Rev. Canon Kenneth Kearon, secretary general of the Anglican Communion, said that although he did not attend the 77th General Convention in Indianapolis, he is “more than heartened” by the passage of Resolution D008 that reaffirms the Episcopal Church’s commitment to building Anglican Communion partnerships.“There is obviously a huge well of goodwill and commitment,” he told ENS in a recent interview at his London-based office. “The Episcopal Church has worked very hard at its relationships and more so in the last few years. Those relationships have paid off and are valued throughout the Anglican Communion. The question is how we are going to build on that commitment.”Kearon said he also is “very impressed” with the extent to which the Episcopal Church has taken seriously the Anglican Covenant, a document that initially had been intended as a way to bind Anglicans globally across cultural and theological differences.Through Resolution B005, the Episcopal Church declined to take a position on the Anglican Covenant at this time but committed to remaining a part of the process and to continuing to monitor the ongoing developments.“What is surprising and very heartening is the extent to which even those opposed [to the covenant] are now talking about the communion in a different way,” Kearon said. “This has been a huge learning experience. People have learned in the process a lot about their identity and what the Anglican Communion is. Irrespective of the outcome, the experience of considering has been a very good learning experience for most Anglicans and has deepened their appreciation of what it is to be an Anglican.”The Anglican Covenant first was proposed in the 2004 Windsor Report as a way that the communion and its 38 autonomous provinces might maintain unity despite differences, especially relating to biblical interpretation and human sexuality issues. The report came in the wake of the 2003 election of Gene Robinson, an openly gay priest, as bishop of New Hampshire, a development that caused some provinces to declare broken or impaired communion with the Episcopal Church. The covenant also was a response to some church leaders crossing borders into other provinces to minister to disaffected Anglicans.“One of the best things that has happened for the Episcopal Church with respect to our engagement in the Anglican Communion has been the election and ordination of Gene Robinson,” Diocese of Connecticut Bishop Ian Douglas told ENS in a recent interview.Douglas said that for decades before 2003, if even two people turned up for a hearing on an Anglican Communion-related resolution at General Convention “we in the world mission committee felt like we were doing well … Then after 2003 and the Windsor Report … the hottest ticket in Columbus [at the 75th General Convention in 2006] was the open hearing on the Anglican Communion. More than 3,000 people attended and 92 witnesses testified. That’s a huge change.”Douglas said that he also sees this change at the local level, in his own diocese, where every year an Anglican mission consultation draws 200 to 300 people from up to 50 parishes, “all of which enjoy direct partnerships in mission with dioceses, parishes, individuals around the Anglican Communion. That is facilitated by the greater awareness at the local level, which we didn’t have a decade ago, and the flatter, digital communication world … That’s all part of the great communion that God is bringing about and it’s the hallmark of the Episcopal Church’s response to the communion.”At the 77th General Convention, which met July 5-12 in Indianapolis, the Episcopal Church committed itself in Resolution D008 to maintaining and reinforcing strong links across the worldwide Anglican Communion and to continued participation in its various councils, ministries and networks.The mission-driven budget adopted by convention for the 2013-2015 triennium maintains funding levels and grants for most of the Episcopal Church’s international Anglican partnerships, but it reduces by 35 percent, or $460,000, its financial support to the inter-Anglican budget for the London-based Anglican Communion Office.“We have tried hard to maintain our level of contribution to the Anglican Communion Office budget, and even though it will decline somewhat in the coming triennium, we intend to do all we can to maintain the individual partnership funding,” Presiding Bishop Katharine Jefferts Schori told ENS. “I am also aware that other avenues for funding are being explored.”Jefferts Schori, who serves on the Anglican Communion Standing Committee and Finance Committee, said that the great successes of recent years have been “the increase in diocesan and congregational mission partnerships across the Anglican Communion” and the Continuing Indaba program that has enabled Anglicans to discuss and learn about experiences from contexts far removed from their own and to wrestle with differences concerning issues such as human sexuality and theological interpretation.The mission partnerships and Continuing Indaba “have provided remarkable opportunities for Episcopalians and Anglicans to learn about the realities of life in different parts of the world, and hearts are being transformed thereby,” she said.International partnerships also are built and nurtured through Episcopal Relief & Development programs and United Thank Offering grants.In the 2013-2015 budget, the Episcopal Church maintains funding for its global covenant partners in the Anglican provinces of Central America and Mexico, and also for the Diocese of Liberia in the province of West Africa. Although there will be some decreases in funding for those commitments in the coming triennium, such reductions are part of a process, approved by a previous General Convention, towards autonomy for those partners that used to be a part of the Episcopal Church.“Support for the covenant agreements provides a means for all Episcopalians to participate in the development/mission work” of those churches, according to the budget commentary.Through other grants, the Episcopal Church continues its support for current relationships with the Anglican provinces of Burundi, Central Africa, Congo, Sudan, Philippines, as well as for the Council of Anglican Provinces of Africa, which provides support to the 12 Anglican provinces on the continent.An increase in funding of more than $21,000, for a total of $106,000, for the Diocese of Cuba represents a “major relationship priority for the triennium,” according to the budget commentary.Any shift in grant funding for the Anglican Communion is intended to focus efforts on the Episcopal Church’s primary partners in the coming triennium, the commentary notes.The portion of the budget that focuses on funding for Anglican partnerships was massaged and finalized at General Convention by the Joint Standing Committee on Program, Budget and Finance’s (PB&F) sub-committee for program.PB&F had decided to use as a template the budget proposed by the presiding bishop in June rather than the one offered by Executive Council earlier in the year. This template served as the foundation for the Five Marks of Mission budget ultimately passed by General Convention. It was structured around those five marks that General Convention had adopted as mission priorities in 2009.The Five Marks are:To proclaim the Good News of the Kingdom;To teach, baptize and nurture new believers;To respond to human need by loving service;To seek to transform unjust structures of society; andTo strive to safeguard the integrity of creation and sustain and renew the life of the earth.The Rev. David Ota, a General Convention deputy from the Diocese of California, told ENS that in the program sub-committee, which he chaired, there was general agreement that the budget should support the funding recommendations for the Episcopal Church’s covenant relationships and international partnerships.When it came to the inter-Anglican budget for the Anglican Communion Office, Ota said that the sub-committee used the $500,000 line item proposed in the Five Marks of Mission budget as a starting point rather than the $850,000 as recommended by Executive Council. The sub-committee, Ota said, agreed that $500,000 “would be a significant contribution” to the inter-Anglican budget. But many people who testified at an open hearing during General Convention raised concerns that such a cut “was too deep, and did not model good stewardship when during the previous triennium $1,160,000 was contributed. It was moved to increase the amount from $500,000 to $700,000 to reflect the concerns expressed.”In general, Ota said, PB&F and the program sub-committee “supported the proposals for honoring our commitments to the Anglican Communion partnerships and global mission [and] … supported the Five Marks of Mission through Anglican relations.”But Douglas, who serves as a member of the Anglican Communion Standing Committee, said that the cuts to the inter-Anglican budget “do not model good stewardship.”“I understand that a lot of folk involved in the budget process are trying to balance a lot of difficult realities, and it’s always easier to cut those things that are the furthest from home,” he told ENS. “But I am quite upset on where we landed. The contributions to the inter-Anglican budget help to bring us together as Christians.”Douglas said that he hopes that a global capital campaign will be launched soon to support the Anglican Communion Office.The London-based office facilitates the work of the Anglican Communion’s ecumenical dialogues and the instruments of communion – the Lambeth Conference of bishops, the Primates Meeting, and the Anglican Consultative Council, the communion’s main policy-making body.Anglican Communion Secretary General Kearon said that the office also acts “as a connecting place, a place of engagement … We seek to enable the relationships that take place [throughout the communion].”Other ministries managed through the office include the Continuing Indaba program and the Anglican Alliance that coordinates development, relief and advocacy work across the communion.“Provincial contributions are a tangible sign of commitment to the Anglican Communion,” Kearon told ENS. “The budget is used to enable the work of this office to continue, to enable the instruments of communion to meet and to ensure that the decisions and wishes of those are carried out. We shape our work around the Five Marks. Any cut in our budget means that the communion’s witness expressed from this office is that much less.”The requested annual amount from each of the Anglican Communion’s 38 provinces is based on a combination of factors, Kearon said, including “what the province has given in the past,” the number of Anglicans in a province, and the Gross Domestic Product of the province’s country or countries.In the last triennium the Episcopal Church contributed $1.16 million to the inter-Anglican budget, 50 percent of the asked-for amount. The Episcopal Church is the second-highest contributor to the inter-Anglican budget after the Church of England, which also does not pay its full asking. Over the past three years, some other provinces have not paid in full their suggested contributions to that budget.The inter-Anglican budget amounts to 58 percent of the Anglican Communion Office’s total income. The rest, 42 percent, comes from restricted giving and other contributions.Through provincial contributions, Kearon said, “there is an element of the strong supporting the weak. Small provinces need their membership in the Anglican Communion but cannot contribute. Strong churches in the communion have always supported the weak.”Kearon said that the implications of the funding reduction from the Episcopal Church have yet to be determined and that his office would know more later this year after the ACC meets in Auckland, New Zealand.Despite the funding reduction, Kearon said that he is “very impressed” with the way General Convention conducted its business and continues to be optimistic about the future of the Anglican Communion.Douglas agreed. “I continue to be incredibly upbeat about the Episcopal Church and the Anglican Communion,” he said. “I do believe that we are very much a communion in the process of becoming and I believe that at ACC probably the primary conversation will be about power and money and not primarily about human sexuality because I think we’ll be in a place to have deep and meaningful conversations about our legacy of colonialism and how we are informed as Anglicans. It is a new world. Will we be a new communion?”— Matthew Davies is an editor/reporter of the Episcopal News Service. Assistant/Associate Priest Scottsdale, AZ Director of Music Morristown, NJ August 9, 2012 at 11:31 am The floating of an Anglican Covenant in 2004’s Windsor Report probably shouldn’t be seen as its point of origination. The seeds of it were planted in at least 2000 through a document titled “To Mend the Net,” in which Archbishops Drexel Gomez and Maurice Sinclair wrote, “we do affirm the exercise of a form of political authority at the international level” by which conversation over the question of innovation “should not be pre-empted by unauthorised innovation” itself. Associate Rector Columbus, GA Rector Collierville, TN August 9, 2012 at 12:06 pm “The Anglican Covenant first was proposed in the 2004 Windsor Report as a way that the communion and its 38 autonomous provinces might maintain unity despite differences, especially relating to biblical interpretation and human sexuality issues”This statement should be “the Anglican Covenant was proposed to appease those who had differences with TEC and Canada and to bring these 2 provinces back into line with those who oppose full inclusion or to kick them out and perhaps replace them with someone else.”Also – B005 was the way TEC says no while still hedging its bets. A lukewarm wishy washy way of doing business. It is clear that TEC has no intention of approving anything like the Covenant and there is no budget to monitor developments – follow the money if you want to know the truth about TEC and its actions. Kevin Kallsen says: Rector Shreveport, LA Rector Smithfield, NC Course Director Jerusalem, Israel Awareness of Anglican Communion radically changed in a decade Convention pledges ongoing support for direct Anglican partnerships TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Bishop Diocesan Springfield, IL In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector Belleville, IL Rector/Priest in Charge (PT) Lisbon, ME Rector Hopkinsville, KY Curate (Associate & Priest-in-Charge) Traverse City, MI Comments (8) Priest Associate or Director of Adult Ministries Greenville, SC Jeremy Bates says: This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Washington, DC Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Martinsville, VA Featured Jobs & Calls Submit an Event Listing General Convention 2012 Susan Russell says: Rector (FT or PT) Indian River, MIlast_img read more

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England hang on for win over Italy and Grand Slam opportunity

first_imgMonday Mar 11, 2013 England hang on for win over Italy and Grand Slam opportunity England were put under serious pressure by a determined Italy side that scored the only try of the game, but couldn’t force a late draw. The 18-11 win for England sets them up for a Championship decider against Wales in Cardiff next weekend.  England were less than convincing as an improved Italian side pushed them all the way, including a frantic last few momoments that had the home side desperately defending their line.Flyhalf Toby Flood produced a top quality kicking display as he slotted six penalties from six attempts to set up their fourth successive win in this year’s tournament.“It wasn’t pretty against Italy and it will be hard to watch the video back. But it was a great thing to happen in that way, so going to Wales we know there’s still a lot to work on,” said Ben Youngs.“There’s no arrogance. Had we won by quite a few points, it probably wouldn’t have done us any favours. Sunday wasn’t exactly what we wanted but it’s the best thing to have a little scare like that and come out on top. It’s a little blessing – and slap on the wrist.Italy got the only try of the game, and stunning score that was summed up brilliantly by flyhalf Luciano Orquera as he put in a pinpoint crosskick for Luke McLean, who finished well.Time: 5:45Credit: rbs6nationsADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Six Nations 2013 Related Articles 424 WEEKS AGO The Six Nations 2013 Highlights Montage 429 WEEKS AGO Vincent Clerc’s incredible volley almost… 430 WEEKS AGO France get first tournament win with Paris… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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