I think these are 3 of the best UK shares I could buy this decade!

first_img I’ve been looking for top UK shares to buy in 2021. Here are three I think could make me money in my Stocks and Shares ISA during the next 10 years:#1: Investing in the low-carbon futureThe worsening climate crisis is prompting global legislators to get their skates on to reduce carbon emissions. And I believe this provides ample investment opportunities for UK share investors. I can invest in platinum miners, for example, whose material is used in catalytic converters. I can buy shares in investment companies which build wind farms, too. Or I can invest in businesses that make parts for energy storage technology at solar power plants. In truth, the list is vast.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…One green UK share on my watchlist today is Velocys (LSE: VLS). This company turns household waste and forest residues into biofuels that are used in heavy goods transport and air travel. A word of warning, though: Covid-19 lockdowns and their impact on aviation traffic, allied with the impact of restrictions on broader economic conditions, could deal some damage to Velocys’s profits column in the near term.#2: Another green machineSpeaking of green shares, I think TI Fluid Systems (LSE: TIFS) is another top UK stock to buy for the 2020s. This is because it manufactures fluid-carrying systems that are used in cars. Electric vehicles require much more of this sort of hardware, and sales of these low-carbon vehicles are shooting through the roof. Global sales of cars using electric technology soared 43% in 2020 to more than 3m units.A word of warning, though. Price is still a barrier when it comes to purchasing an electric-based vehicle, of course. A prolonged pandemic, and a subsequent long downturn in the global economy, therefore, could damage sales of these cleaner cars in the short-to-medium term. This could deal a significant blow to TI Fluid Systems’s bright growth outlook. City analysts are expecting a 300% rise in annual profits in 2021, but forecasts can change. And a sharp share price correction could follow as a result.#3: A top UK tech shareThe number of cyber attacks has ballooned over the past decade. And the events of 2020 have widened the scope for hackers and fraudsters to have a field day in the future. The pandemic, for instance, has lit a fire under the online shopping segment and the number of people who choose to work from home.This provides UK shares that provide cybersecurity to companies and individuals with ample revenues opportunities. Stocks like Avast (LSE: AVST), which provides protection in the home, at the workplace, and to mobile and broadband network providers too. Investors need to be remember, though, that hackers are becoming more and more sophisticated, and particularly as state-sponsored activity is on the rise. A high-profile failure of Avast’s systems could deal a hammer blow to the take-up of its products, and to its share price as a result. Royston Wild | Saturday, 13th February, 2021 | More on: AVST TIFS VLS Image source: Getty Images Simply click below to discover how you can take advantage of this. Enter Your Email Address Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Avast Plc. 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. 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. 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.center_img I think these are 3 of the best UK shares I could buy this decade! Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. “This Stock Could Be Like Buying Amazon in 1997” See all posts by Royston Wildlast_img read more

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El Consejo sopesa la propuesta de permanecer en el centro…

first_imgEl Consejo sopesa la propuesta de permanecer en el centro denominacional La relocalización es ‘sólo una máscara de la auténtica reforma que se necesita’ dice el informe 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 Rector Smithfield, NC In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Executive Council, Youth Minister Lorton, VA New Berrigan Book With Episcopal Roots Cascade Books 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 Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Submit an Event Listing [Episcopal News Service – Linthicum Heights, Maryland] Las oficinas denominacionales de la Iglesia seguirían en el Centro de la Iglesia Episcopal en Nueva York si el Consejo Ejecutivo acepta una recomendación recibida el 26 de febrero de parte de un grupo de ejecutivos de la Sociedad Misionera Nacional y Extranjera (DFMS, por su sigla en inglés).De cuatro principales escenarios analizados, “la misión reconciliadora de Dios se promueve mejor” permaneciendo en el 815 de la Segunda Avenida en Manhattan y consolidando las operaciones en el centro denominacional de la Iglesia mediante la liberación de más espacio para alquilarlo a arrendatarios de afuera, que los 3,5 pisos que tenemos al presente alquilados, dice un informe dirigido al Consejo. Esta opción obraría “en el mejor interés económico de la organización, tanto desde el punto de vista del efecto presupuestario como de los fines de la inversión a largo alcance”.La DFMS, la entidad corporativa de la Iglesia, alquila al presente 2,5 pisos al Ad Council y un piso a la Misión Permanente de Haití ante las Naciones Unidas. El centro denominacional tiene nueve pisos de espacio para oficinas.El estudio comenzó en febrero de 2012, cinco meses antes de que se reuniera la Convención General, cuando el Comité de Finanzas para la Misión le pidió a la gerencia de la DFMS que estudiara la posible relocalización de la sede de la Iglesia.La Resolución D016 de la Convención General, aprobada en julio pasado, decía que “es la voluntad de esta Convención mudar el centro denominacional de la Iglesia” de ese edificio.El informe apuntaba que el grupo cree que “la verdadera energía subyacente en [el empeño] de examinar la localización del centro denominacional atañe menos a su localización y más al modo en que realmente funciona”, añadiendo que los firmantes “no podrían estar en mayor acuerdo sobre la necesidad de reformar la manera en que la Sociedad Misionera Nacional y Extranjera funciona y sirve a las necesidades de la Iglesia, particularmente en lo que concierne a fomentar, alentar y sostener la misión a nivel local en asociación con el liderazgo local”.Definiendo el deseo de relocalizarse como “sólo una máscara de la auténtica reforma que se necesita y se exige”, el grupo cuestiona “¿cuánto tiempo, nos preguntamos, habría de pasar antes de que las quejas sobre el aislamiento del centro de la Iglesia en Nueva York se convirtieran en quejas sobre el aislamiento de la Iglesia en alguna otra ciudad?”“Quizá más que cambiar la ubicación de nuestra ansiedad comunitaria de un sitio a otro, nos resultaría de mayor provecho a largo plazo si hiciéramos uso de nuestro mejor criterio para tomar una decisión racional y estratégica que favorezca más el compromiso de la Iglesia con la misión de Dios y luego exponer claramente esa decisión a la Iglesia”.El obispo Stacy Sauls, encargado de operaciones de la Iglesia Episcopal, le dijo al Consejo que la pregunta sobre la relocalización del centro denominacional suele hacerse cada cierto tiempo. La primera vez fue aproximadamente ocho años después de que el edificio se estrenara, y el tema al parecer se repite con el mismo intervalo, señaló él.Sauls, el tesorero y director de Finanzas Kurt Barnes, el subjefe de operaciones y director de la Misión Sam McDonald, el director de Recursos Humanos John Colón y el asesor legal Paul Nix, son miembros todos ellos del Grupo de Supervisión Ejecutiva, compuesto por 10 personas, que llevó a cabo el estudio en la pasada primavera.El estudio consideró Chicago, Atlanta, Washington, Dallas/Ft. Worth, Houston, Minneapolis, Detroit, Miami, Filadelfia, Boston, Charlotte, Ft. Lauderdale y Cincinnati, al igual que otras localidades en Nueva York, como alternativas al centro denominacional que se inauguró hace 50 años.La firma internacional de bienes raíces Cushman & Wakefield asesoró el estudio y la Diócesis de Los Ángeles sufragó los honorarios de su trabajo.“Creemos que la mejor alternativa es vender la propiedad”, había dicho John Cushman, el presidente de la firma de bienes raíces, a los comités de Finanzas para la Misión y Gobierno y Administración para la Misión, horas antes ese mismo día. Esa conclusión parte, afirmó él, del sentir que la propiedad y la administración de bienes raíces “no está en consonancia con las competencias fundamentales de la Iglesia”.Más tarde en el día,  Nat Rockett, vicepresidente ejecutivo de Cushman & Wakefield, dijo ante todo el Consejo que no es inusual que su firma llegara a una conclusión diferente a la del Grupo de Supervisión Ejecutiva, porque la firma de bienes raíces atendió a una serie de factores diferentes y limitados.Después de que se presentara la recomendación, el Consejo debatió la conclusión durante una sesión ejecutiva en la segunda jornada de su reunión de invierno de tres días de duración. La sesión se celebró a puertas cerradas en parte porque la discusión del informe del grupo conllevaba información de bienes, tal como la prevista tasa de alquiler por pie cuadrado en el mercado inmobiliario del edificio de 11 plantas y su presunto valor en el mercado de bienes raíces. Esa información también estará ausente de la versión del informe que se espera se publique aquí el 27 de febrero.El consejo no tomó ninguna decisión sobre la recomendación y [los comités] de Finanzas para la Misión y Gobierno y Administración para la Misión elevarán el informe en la reunión del Consejo del 8 al 10 de junio.El Grupo de Supervisión Ejecutiva llegó a su conclusión unánime, dice el informe, luego de analizar cinco “consideraciones de la misión”, incluidas la unidad de la Iglesia, las asociaciones de la misión, la continuidad de los servicios prestados, la promoción de la justicia y la maximización de los recursos financieros para la misión. La consideración global, según Sauls, fue la mayordomía desde el punto de vista de la administración económica de los recursos de la Iglesia para la misión.La unidad de la Iglesia se fortalece más cuando la oficina matriz de ésta es accesible a sus miembros, dijeron ellos. Nueva York responde mejor a ese objetivo porque el 80 por ciento de los episcopales (casi 567,00, en base a la asistencia dominical promedio en 2011) asiste al culto en las zonas horarias del este y la ciudad está más al alcance por vía aérea de los episcopales que vienen de fuera de los Estados Unidos, según el informe.Una serie de importantes asociaciones misionales se verían negativamente afectadas si el centro denominacional se mudara a otra ciudad, dice el informe, porque tal traslado significaría una mayor separación entre la DFMS y socios tales como el  Grupo de Pensiones de la Iglesia, Ayuda y Desarrollo Episcopales, la Iglesia de la Trinidad de Wall Street, las Naciones Unidas y el Observador Anglicano ante la ONU, las agencias de reasentamiento [de inmigrantes y refugiados] incluido el Ministerio Episcopal de Migración, la Fundación de la Iglesia Episcopal, la Asociación Nacional de Escuelas Episcopales y los  Colegios y Universidades de la Comunión Anglicana.Mudarse de Nueva York tendría “un impacto muy negativo” en seguir brindándoles servicios a la Iglesia y al mundo porque el 73 por ciento del personal de Nueva York (75 de los 102 empleados) probablemente no estaría en disposición de irse de la ciudad. El informe calcula que costaría $2,6 millones los costos de compensaciones laborales y mudanza. Si bien podría ahorrarse dinero por los reducidos costos de empleo en otras ciudades, esos empleados que sí se mudaran con el centro denominacional tendrían sus salarios congelados, en tanto los trabajadores de reemplazo serían contratados conforme a las tasas al uso [en el lugar], presumiblemente más bajas. En consecuencia, existiría una estructura salarial de dos niveles que podría tener un efecto negativo en la moral del personal, dice el informe.“Cuestionamos la prudencia de tal disrupción en el preciso momento en que la Iglesia está reformándose para tener un foco misional cada vez mayor y cuando más se necesita el personal que facilite, anime y lleve adelante las iniciativas que se están aplicando como partes del Presupuesto de las Marcas de la Misión, tal como fuera adoptado por la Convención General de 2012”, dicen los redactores del informe.El informe agrega que el Ministerio Episcopal de Migración (EMM, sigla en inglés) podría verse amenazado por ese traslado porque es improbable que muchos miembros de su personal fuesen a abandonar Nueva York, ya que allí abundan los empleos relacionados con el trabajo de reasentamiento. Si una pérdida significativa de personal afectara la capacidad del EMM de ofrecer los servicios por los que recibe subvenciones gubernamentales, el ministerio tendría que cesar.El informe expresa preocupación respecto a irse de Nueva York debido a las leyes que podrían encontrarse en otras partes. Las parejas casadas del mismo sexo se verían obligadas a elegir entre sus empleos y el mudarse a una jurisdicción que no reconoce sus matrimonios, sugieren los firmantes. Nueva York reconoce los matrimonios de personas del mismo sexo.“Queremos dejar aclarado que nosotros, como gerencia, aplicaremos todo lo que deba hacerse para servir a la Iglesia, y además, que creemos que todo el personal de la Iglesia pondrá su mejor empeño al mismo fin”, dicen los firmantes. “Sin embargo, sí nos preguntamos  sobre el efecto que tendría en nuestra voz profética el indiscriminado despido de personal a fin de reemplazarlo con mano de obra más barata, a falta de alguna razón persuasiva, si no perentoria, para hacerlo”.“Como líderes en la Iglesia, tenemos una particular preocupación sobre los efectos de nuestro testimonio respecto a la cuestión de la igualdad matrimonial cuando algunas personas casadas empleadas por nosotros se verían obligadas a optar entre sus empleos y el que sus matrimonios sean reconocidos”.Y varias de las ciudades que se han contemplado [como posibles sedes] se encuentran en estados en que rigen “leyes migratorias regresivas, leyes que prohíben la igualdad matrimonial y leyes que alientan la violencia armada”, dice el informe.“¿Qué dice el lugar donde localizamos nuestra oficina matriz acerca de lo que creemos?, preguntan los redactores.La recomendación del informe pide también que se negocien acuerdos por escrito con todas las agencias asociadas que al presenten ocupan gratuitamente 1,5 plantas del centro denominacional “para compartir más equitativamente costos, riesgos y recompensas y, lo que es más importante, para ampliar las asociaciones misionales”. Esas agencias incluyen Ayuda y Desarrollo Episcopales, la Asociación Nacional de Escuelas Episcopales, Colegios y Universidades de la Comunión Anglicana, la Oficina del Observador Anglicano ante las Naciones Unidas, la Sociedad de la Biblia y el Libro de Oración Común y el Club de Publicaciones de la Iglesia [Church Periodical Club]. La DFMS le brinda también varios servicios a estas agencias, incluidos servicios bancarios y de contabilidad, administración de beneficios, correo, teléfono e infraestructura de información sin costo alguno.De esas siete agencias, la DFMS sólo ha suscrito un acuerdo con Ayuda y Desarrollo Episcopales, la cual ocupa casi la mitad del espacio cedido a las agencias.“Lo que nunca antes hemos hecho, lo tomamos conscientemente en cuenta  y se lo informamos por completo a la Iglesia, que estos acuerdos tienen un costo real — un costo real de funcionamiento y un costo desde el punto de vista de pérdida de réditos de lo que, de otro modo, sería un espacio alquilable”, dice el informe.El informe señala también que el Consejo resolvió en octubre de 2008 que cualquier agencia nueva que se instalara en el centro denominacional pagaría un alquiler negociado “a menos que existieran razones imperiosas para no cobrar el alquiler” Los redactores [del informe] recomiendan cobrarles a las agencias por el espacio y hacer una subvención para compensar el cargo, en todo o en parte. Esto “haría más claro para todos la realidad de que el arreglo actual tiene costos reales que corren por cuenta de la DFMS y ayudaría a todas las partes a entender los costos reales de sus  ministerios y planificarían en consecuencia”, afirma.El informe advierte que al menos cuatro agencias (Ayuda y Desarrollo Episcopales, la Fundación de la Iglesia Episcopal, Colegios y Universidades de la Comunión Anglicana y el Observador Anglicano ante las Naciones Unidas) probablemente no se irían de Nueva York si la DFMS se mudara. Por consiguiente, se enfrentarían con [la necesidad de] tener que alquilar espacio.“Esto nos conduce a una pregunta sencilla: si nuestras agencias afiliadas están dispuestas a pagar las tasas del mercado a terceros, ¿podrían estar dispuestas a compartir los costos con la entidad que los ha albergado gratis durante tantos años?”.Las  subvenciones en este trienio compensarían completamente el alquiler que se cobrara, pero en el futuro, el informe sugiere que la compensación del alquiler debida a esas subvenciones podría ser de menos del 100 por ciento y podría negociarse de manera diferente con cada agencia, “dependiendo de las diferencias en circunstancias y de los objetivos de la asociación”.El forjar tales acuerdos “distribuiría el riesgo de la propiedad del centro denominacional entre varias entidades en lugar de concentrarlo solamente en la DFMS”, dice el informe.El informe reconoce que parte del interés en relocalizar el centro denominacional se afinca en el deseo de eliminar pagos de deuda del presupuesto de la DFMS. El presupuesto incluye pagos sobre dos préstamos  y una línea de crédito para gastos de funcionamiento para la cual no hay saldo.Un préstamo es por un espacio de estacionamiento en Austin, Texas, que se compró como un sitio probable donde relocalizar los Archivos de la Iglesia Episcopal. Los ingresos de esa operación cubren el interés sobre el préstamo y ha permitido el reembolso de parte del capital, dice el informeEl segundo préstamos, que asciende a $37 millones, se pidió en 2004 para pagar una extensa remodelación de la sede central de la Iglesia luego de que el Consejo decidiera no relocalizar las oficinas denominacionales. Gran parte de ese trabajo tuvo que ver con la reducción de asbesto. Según el informe, el préstamo fue renegociado en 2010 y debe renegociarse de nuevo en 2016.El saldo del préstamo a fines de 2012 era de $32.642.800 y el pago de la deuda anual asciende a $2.684.519. El préstamo está asegurado por valores sin restricción en la cartera de inversiones, no por el edificio mismo.Debido a que la tasa de interés es del 3,69 por ciento y la DMFS espera (basándose en la experiencia) ganar anualmente un 8 por ciento sobre sus inversiones, sería más prudente invertir los réditos de la venta del centro denominacional en lugar de liquidar el préstamo, dice el informe.El informe incluye también un detallado análisis del eventual impacto financiero a lo largo de 15 años de elegir cada uno de los cuatro escenarios.En otro asunto del pleno, el 26 de febrero, el Consejo:* autorizó una línea de crédito de $250.000 a la Iglesia Episcopal en Carolina del Sur.* Escuchó un resumen de la 15ª. reunión  del Consejo Consultivo Anglicano a fines del año pasado en Auckland, Zelanda, que presentó Josephine Hicks, la miembro laico de la delegación de la Iglesia Episcopal. El período de tres reuniones de Hicks terminó con la reunión de Auckland.* Recibió una actualización sobre la recuperación de la Diócesis de Haití luego del terremoto.– La Rda. Mary Frances Schjonberg es redactora y reportera de Episcopal News Service.Traducido por Vicente Echerri Curate (Associate & Priest-in-Charge) Traverse City, MI Tags Rector and Chaplain Eugene, OR Featured Events Rector Washington, DC Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Tampa, FL Submit a Press Release Rector Hopkinsville, KY Family Ministry Coordinator Baton Rouge, LA Priest Associate or Director of Adult Ministries Greenville, SC Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Bath, NC Rector Knoxville, TN Rector Martinsville, VA Assistant/Associate Priest Scottsdale, AZ Featured Jobs & Calls Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Canon for Family Ministry Jackson, MS This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem center_img Assistant/Associate Rector Washington, DC Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Shreveport, LA An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Course Director Jerusalem, Israel Por Mary Frances Schjonberg Posted Feb 27, 2013 The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Director of Administration & Finance Atlanta, GA Cathedral Dean Boise, ID Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Director of Music Morristown, NJ Press Release Service Submit a Job Listing Assistant/Associate Rector Morristown, NJ Rector Albany, NY Associate Rector Columbus, GA Rector Pittsburgh, PA Missioner for Disaster Resilience Sacramento, CA Associate Rector for Family Ministries Anchorage, AK Rector Collierville, TN An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Belleville, IL Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector/Priest in Charge (PT) Lisbon, ME Associate Priest for Pastoral Care New York, NY Bishop Diocesan Springfield, IL Curate Diocese of Nebraska Rector (FT or PT) Indian River, MI Priest-in-Charge Lebanon, OH Executive Council February 2013 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 last_img read more

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Informal group of Anglican – Roman Catholic theologians discusses ‘new…

first_img Ecumenical & Interreligious Canon for Family Ministry Jackson, MS AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis [Anglican Communion News Service] An informal but officially-sanctioned ecumenical dialogue between Anglican and Roman Catholic theologians has met to consider “the difficult question of Anglican orders.” The Malines Conversation Group was originally established in the early 1920s by Cardinal Désiré-Joseph Mercier, the Roman Catholic archbishop of Malines-Brussels; some 24 years after Pope Leo XIII declared that Anglican orders (the ordination of men and women in the Anglican Communion) were “absolutely null and utterly void.” The 1920s Malines Conversations Group envisioned the restoration of communion between Anglicans and Roman Catholics in the phrase l’Église Anglicane unie non absorbée – united, but not absorbed.The group’s communiqué, along with commentary by Church of England Diocese in Europe Bishop David Hamid, is here.Read the entire article here. May 1, 2018 at 5:54 pm As I recall it was not the Episcopal Church that in the 1890’s declared our orders null and void—long before the changes of the late 20th century in our church. This was a declaration of the Pope which almost immediately some in the RC wished to somehow undo. However that was an era in which they simply could never admit publicly that they had made an error. The dialogues since have found little to argue over in the matter of substance, but despite good will on all sides nothing can undo history except an admission that Pope Leo was wrong. Won’t happen. New Berrigan Book With Episcopal Roots Cascade Books Cathedral Dean Boise, ID Director of Administration & Finance Atlanta, GA Missioner for Disaster Resilience Sacramento, CA Tom Downs says: Assistant/Associate Priest Scottsdale, AZ Rector Martinsville, VA This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Informal group of Anglican – Roman Catholic theologians discusses ‘new layers of unity’ Assistant/Associate Rector Washington, DC Press Release Service May 1, 2018 at 11:44 am In view of changes within the Anglican communion in recent years, I do not think there is a snowball’s chance in hell that there can be any genuine kind of Anglican – Roman Catholic reunion within our lifetimes. After all it is Anglican (especially Episcopalian) leaders at the very top who have been regularly committing provocative acts that can only inflame the situation. To a degree we Episcopalians are being shunned at the moment by other fellow Anglicans. It is admittedly true that the present Pope would probably be happy to be more “flexible” but what would be the point if basic principles of church doctrine are lost in the process?I can only imagine how unhappy Pope Benedict must feel about the matter given the major effort he undertook to facilitate reconciliation.However “surreal” the sight of the fake Donald Trump in Times Square may have seemed, I find much more truly surreal the thought that the very church people who have been responsible for driving the Anglican/Episcopal Church apart are now trying to revive the effort to bring the Anglican and the Roman Catholic churches together. It just ain’t going to happen. Curate Diocese of Nebraska Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Posted May 1, 2018 Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Priest-in-Charge Lebanon, OH An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Priest Associate or Director of Adult Ministries Greenville, SC Comments (3) Rector Albany, NY 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 Assistant/Associate Rector Morristown, NJ Associate Priest for Pastoral Care New York, NY Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem 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 May 1, 2018 at 9:28 pm Having lived through – and survived – both Vatican 2 (in my pre-TEC days), as well as the normal aperiodic revision of our Book of Common Prayer, I doubt that the concerns about “provocative acts” will be an impediment. The Church Universal has changed over the millennia, as the Holy Spirit has moved it, and not only will TEC and most of the Anglican Communion continue to change, but so will the Roman Catholic Church. My former Church home, however, takes much longer to change since much of the senior clergy like to pretend that change cannot take place, and likes to imagine that the self-selected senior clergy are the protectors of all things traditional. Roman Catholic Bishops, including the numerous Bishops of Rome, have loved to claim that “x” Church has invalid orders; but the issue is really invalidity based upon decisions to exclude for reasons of good order and discipline (their definition) rather than upon validity of orders through actual maintenance of Apostolic Succession. Give it time, maybe another hundred or so years, and we’ll be on virtually the same page of the latest Book of Common Prayer. Anglican Communion, Rector Knoxville, TN Submit a Job Listingcenter_img Rector Tampa, FL Associate Rector for Family Ministries Anchorage, AK Rector Collierville, TN 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 Rector Smithfield, NC Course Director Jerusalem, Israel Rector and Chaplain Eugene, OR Submit an Event Listing In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Bishop Diocesan Springfield, IL Rector Belleville, IL Submit a Press Release Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Director of Music Morristown, NJ Rector (FT or PT) Indian River, MI Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Washington, DC Rector Bath, NC Featured Events Rector Shreveport, LA Associate Rector Columbus, GA Tags Rector/Priest in Charge (PT) Lisbon, ME Tony Oberdorfer says: Family Ministry Coordinator Baton Rouge, LA Featured Jobs & Calls The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Comments are closed. Curate (Associate & Priest-in-Charge) Traverse City, MI Rector Pittsburgh, PA Jerry Hannon says: Rector Hopkinsville, KY Youth Minister Lorton, VAlast_img read more

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Anglican hospital in Gaza draws on global support for healing…

first_img Rector Tampa, FL Anglican Communion, AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Featured Events Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Advocacy Peace & Justice, In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector Shreveport, LA Rector Hopkinsville, KY Course Director Jerusalem, Israel Submit a Press Release Assistant/Associate Priest Scottsdale, AZ By David PaulsenPosted Jun 3, 2021 Rector Washington, DC Family Ministry Coordinator Baton Rouge, LA Tags Featured Jobs & Calls Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector and Chaplain Eugene, OR Associate Rector Columbus, GA Rector/Priest in Charge (PT) Lisbon, ME Youth Minister Lorton, VA 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 Curate Diocese of Nebraska This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Submit a Job Listing Rector Martinsville, VA Rector Knoxville, TN Canon for Family Ministry Jackson, MS 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 Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector Collierville, TN Anglican hospital in Gaza draws on global support for healing ministry in aftermath of fighting Director of Administration & Finance Atlanta, GA Director of Music Morristown, NJ Curate (Associate & Priest-in-Charge) Traverse City, MI Assistant/Associate Rector Washington, DC Associate Rector for Family Ministries Anchorage, AK Priest-in-Charge Lebanon, OH The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Middle East Priest Associate or Director of Adult Ministries Greenville, SC Rector Belleville, IL Press Release Service Rector Albany, NY Rector Smithfield, NC Assistant/Associate Rector Morristown, NJ Missioner for Disaster Resilience Sacramento, CA Bishop Diocesan Springfield, IL Submit an Event Listing Cathedral Dean Boise, ID 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 Associate Priest for Pastoral Care New York, NY Rector (FT or PT) Indian River, MI Rector Bath, NC Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Pittsburgh, PA Palestinians are seen June 1 outside their homes, heavily damaged during recent Israeli strikes, in Beit Hanun in the northern Gaza Strip, more than a week after a ceasefire brought an end to 11 days of hostilities between Israel and Gaza rulers Hamas. Photo: NurPhoto via AP[Episcopal News Service] Tensions over the evictions of Palestinian families in East Jerusalem boiled over last month into 11 days of fighting between Israel and Hamas. Before agreeing to a May 21 ceasefire, Hamas fired rockets from the Gaza Strip into Israeli cities, while Israel launched airstrikes that leveled buildings in Gaza. Those attacks, along with clashes in Jerusalem between Palestinian protesters and Israeli police, reportedly left at least 260 Palestinians and 12 Israelis dead and hundreds more injured.One constant before, during and after the turmoil has been the ministry of Al Ahli Arab Hospital, a Diocese of Jerusalem facility in Gaza City that saw a surge in patients while sustaining minor damage during the Israeli airstrikes.“Our ministry is a ministry of healing and love and reconciliation,” Anglican Archbishop Hosam Naoum told Episcopal News Service in a Zoom interview on June 3. His diocese operates Al Ahli as a charity hospital, catering to impoverished families in Gaza, many of them Palestinian refugees. Other public hospitals in Gaza treated most of the patients who were injured during the Israeli airstrikes, Naoum said, and Al Ahli Arab Hospital’s 65 beds filled quickly with other patients who had been diverted there for non-emergency treatment, such as surgeries.Naoum expressed gratitude for the support his diocese has received from across the Anglican Communion, including from The Episcopal Church’s Good Friday Offering and from the fundraising of the American Friends of the Episcopal Diocese of Jerusalem, or AFEDJ. “That’s the greater sense of the body of Christ,” he said.AFEDJ updated its donors by email on June 3 with a report from the hospital’s director, Suhaila Tarazi. “There is no family that has not been affected by this war either physically, emotionally, or economically. Families have been shattered by its devastating impact, especially children,” she said. “Due to the closure of government health centers, Ahli now has an increased number of patients coming to us for treatment.”The hospital wasn’t hit directly by last month’s airstrikes, but one explosion was close enough to shatter windows at the hospital. No one was hurt, Naoum said.The hospital has about 120 full-time, part-time and seasonal employees. Naoum said one effect of the flareup of violence was that many of those employees camped at the hospital, some bringing their families, because travel between their homes and the hospital was limited by the attacks.The fighting also disrupted Gaza’s power grid, and money raised by AFEDJ was used to buy fuel for generators so the hospital could remain open during outages. The hospital also was able to purchase medical supplies and increase its free community clinic from one to four days a week.“We are grateful for your prayers and generosity,” Tarazi told AFEDJ. “Though the situation in Gaza is horrifying and grim, we at Ahli are confident that through your support we will replace despair with hope, mourning with comfort, humiliation with dignity, and injury with healing.”The clashes across Israel and the occupied Palestinian territories escalated last month just as Naoum was to be installed as archbishop. His installation ceremony was held May 13 at St. George’s Cathedral in Jerusalem amid tightened security in the city.The COVID-19 pandemic was a primary reason some Anglican bishops chose to watch the installation online rather than come to Jerusalem for the ceremony, Naoum said, though the Israeli-Palestinian conflict also has disrupted some travel to the city. St. George’s College typically hosts Holy Land pilgrims in its guest house; although many pandemic restrictions are being lifted as conditions improve, one group of pilgrims from the United States that had planned to visit in May chose to postpone their trip until September because of the renewed violence, Naoum said.In a written statement May 17 while the hostilities were still underway, Naoum praised Al Ahli Arab Hospital’s work on the “frontlines of these relief efforts,” but he warned that the conflict was overwhelming the hospital’s resources. “I therefore issue an appeal to our international partners and all people of goodwill to support this humanitarian mission through their generous contributions to Al Ahli Hospital, enabling them to show forth the compassionate love of Christ in real and tangible ways in these desperate circumstances.”AFEDJ Executive Director John Lent emphasized those needs in a message to his organization. “The healthcare system in Gaza has been overwhelmed by the pandemic,” Lent said. “Many clinics and hospitals closed during the pandemic and never reopened. Hospitals already are at full occupancy with COVID patients. There are severe shortages of medical supplies, medicine and blood. This escalating conflict pushes Gaza’s healthcare system way past the breaking point.”Presiding Bishop Michael Curry also offered support for the people of the Holy Land on behalf of The Episcopal Church. “We find ourselves full of sorrow and sadness,” Curry said on May 13. “We find ourselves grieving over the loss of life, destruction of homes and the fear that lives in the hearts of tens of thousands of innocent people. We join all people of faith to offer up prayers for healing, wholeness, restoration and reconciliation.”Those prayers and the church’s support continue in the aftermath of the fighting, as all sides struggle for a lasting peace.“The Episcopal Church continues to work in solidarity with the Diocese of Jerusalem and organizations like AFEDJ as we work for peace, advocate for human rights, seek to end the sources of violence and raise funds to benefit the ministries of the Diocese,” the Rev. Robert Edmunds, the church’s Middle East partnership officer, said in an email to ENS.Naoum, in his June 3 interview with ENS, said his Anglican diocese is uniquely positioned to be a force for reconciliation in the area, partly because of ministries like Al Ahli Arab Hospital.“We are known for being bridge-builders … bringing people closer together in these difficult times,” he said.– David Paulsen is an editor and reporter for Episcopal News Service. He can be reached at [email protected] Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem New Berrigan Book With Episcopal Roots Cascade Books last_img read more

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LSH kicked off Euro semi-finals with charity football fundraiser

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Accompanying image (left to right) – John Conteh, boxing legend, Mark Rigby, CEO of Lambert Smith Hampton, Guy Gregory, Lambert Smith Hampton, Head of London officeLambert Smith Hampton (LSH) Speaking after the event, Guy Gregory, LSH Head of London, said: “It is fantastic that despite the tighter economy property people showed their heart and helped to raise such a great sum of money for CLIC Sargent. This event gave us and our clients a chance to give something back.” About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 4 July 2008 | News Tagged with: Celebrity corporate Events LSH is a leading commercial property consultancy with an unrivalled national network focused on the UK and Ireland property markets. Its expert teams deliver a full spectrum of transactional and consultancy services and business-driven solutions for clients. LSH is the ‘UK’s most active national agent’, ‘Top National Office and Industrial Agent’ (Estates Gazette’s ‘EGi Deals Competition’) and ‘Industrial Agency Team of the Year’ (Property Week Property Awards 2007). For more media information contact: Sandy Townsend, Director – Head of Marketing, T: 020 7198 2070, E: [email protected] LSH kicked off Euro semi-finals with charity football fundraiser Kat ForseSenior Press OfficerCLIC SargentAbbey Wood Business ParkFiltonBristolBS34 7JUTel. 0117 3148620 Lambert Smith Hampton (LSH) offered clients the unique opportunity to attend a sports themed event and charity auction at the FA Headquarters in Soho Square on Wednesday 25 June.Boxing legend and former World Light-Heavyweight Champion, John Conteh, joined LSH directors and clients for an evening of networking and fundraising for CLIC Sargent, the leading children’s cancer charity. “We were thrilled to join LSH at the FA for an evening of fun and socialising whilst raising vital funds for CLIC Sargent. LSH raised more than £3,500 for CLIC Sargent on the evening which will make a huge difference to children and young people with cancer and their families,” says Rachel Williams, Corporate Account Manager for CLIC Sargent.center_img Notes to Editor: Advertisement For any media enquiries please contact Kat Forse in the CLIC Sargent press office on 0117 314 8620 or email: [email protected] to Sub Editors: Please note that the name ‘CLIC Sargent’ should not be abbreviated to CLIC, and that the word ‘CLIC’ should always appear in capitals, as above. Every day in the UK, 10 children and young people are diagnosed with cancer or leukaemia. CLIC Sargent acts as a lifeline keeping families together when the unimaginable happens. We provide clinical, psychosocial, emotional and financial care and support to them and their families. For more information visit www.clicsargent.org.uk  18 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Live coverage of the Euro semi-final was screened throughout the evening and die hard fans also had their picture taken with the FA cup and took part in a raffle to win a signed Chelsea football. The evening kicked off at 6.30pm with a drinks reception and canapés offering plenty of opportunity to network, while casting an eye over the fantastic range of auction lots available. – ENDS – For those keen to be part of foot-balling history there was the opportunity to bid for a mascot place and two guest tickets for the England v Czech Republic game on 20 August. Other exclusive lots on offer included lunch with Lawrence Dallaglio and a signed Year of the Rose book from England’s rugby Grand Slam heroes. Raffle prizes included Gresham Blake Ties designed by Barry McGuigan, Steve Coogan and Jose Mourhino.last_img read more

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Economist Suggests Considering Switch to ARP for Soybeans

first_img Facebook Twitter Facebook Twitter SHARE Consider soybean crop insurance switchIt seems likely the price of soybeans at harvest this fall could be much lower than it is now, so it might be time to think about a different crop insurance plan. University of Illinois Agricultural Economist Gary Schnitkey explains the difference between the twofederal crop insurance basic revenue protection forms, Revenue Protection (RP) and Area Risk Protection (ARP.)“RP is what most people buy, Revenue Protection,” he said. “It is a farm level product that makes payments based on what happens to farm yields. ARP is a county level product, so it makes payments based on what happens to county yields and county revenue, but it’s county yields that enter in the equation rather than farm yields for RP.”Schnitkey says there is a basic coverage advantage if you consider the switch this year to the ARP option.“The reason I think farmers should consider it is because they have a 90 percent coverage level in ARP vs. only going up to 85 percent on RP. This year we’re probably looking at some more downside price risk on soybeans and the 90 percent guarantee would cover more of that price risk.”Moving up to a 90 percent coverage level increases the price below which crop insurance payments occur. Given a $10.20 projected February price and a 90 percent coverage level, harvest prices below $9.18 a bushel for soybeans in November ($10.20 x .90) would generate payments, given that the harvest yield equals the guarantee yield. The break-even price drops to $8.67 at an 85 percent RP coverage level, and $8.16 at an 80 percent coverage level.Schnitkey says there are some caveats when switching from RP to ARP.“With ARP you will give up farm level coverage, so you won’t have your individual yields covered and you won’t also have prevented planting or replant payments,” he said.The coverage on ARP begins when the crop is planted. Because ARP uses county yields in its calculations, a farm may not receive a payment if the farm has a poor yield and the county does not. The relative premiums on RP and ARP vary across counties. Not all counties will have a 90% ARP premium that is lower than the 85 percent RP policies.Schnitkey adds a $10.20 per bushel projected price would be $1.35 higher than last year’s projected price of $8.85 per bushel. In and of itself, a higher projected price will offer additional revenue protection on soybeans without the need to consider the merits of RP versus ARP.Source: NAFB News Service Previous articleBeginning Farmers Learning to be Better Financial ManagersNext articleMorning Outlook Andy Eubank Home Indiana Agriculture News Economist Suggests Considering Switch to ARP for Soybeans SHARE Economist Suggests Considering Switch to ARP for Soybeans By Andy Eubank – Feb 6, 2017 last_img read more

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Limerick repossessions court disrupted by group of 30 protestors

first_imgFacebook RELATED ARTICLESMORE FROM AUTHOR Linkedin Previous article‘Get with the times’Next articleLiving City Staff Reporterhttp://www.limerickpost.ie NewsBreaking newsLimerick repossessions court disrupted by group of 30 protestorsBy Staff Reporter – May 8, 2015 640 No vaccines in Limerick yet Surgeries and clinic cancellations extended Shannondoc operating but only by appointment Print Emailcenter_img Twitter WhatsApp First Irish death from Coronavirus TAGSfeatured Advertisement Andrew [email protected] up for the weekly Limerick Post newsletter Sign Up A GROUP of up to 30 protestors interrupted proceedings at Limerick Circuit Courthouse this Friday as County Registrar Pat Wallace heard cases of  finacial institutions applying to the courts to repossess properties where borrowers had fallen into difficulty with repayments.30 people took part in a standing protest after the leader of the Irish Democratic Party asked the County Registrar to adjourn the 126 listed cases to allow the Government follow through on their measures to assist home owners in mortgage difficulty.County Registrar Pat Wallace was forced to leave the bench after Brian McCarthy of the Distressed Mortgage Holders, Kerry, Cork and Limerick group, interrupted proceedings and asked Mr Wallace to read a document.Insisting that the County Registrar read a document, Mr McCarthy refused to return to the public gallery until Mr Wallace did so.Asked if he was respondent to a case listed, Mr McCarthy said he was but he wanted to court to read the document because he questioned the viability of the evidence being presented to the court, people’s understanding of process and the fact that the banks were not present in court but represented by agents.Mr Wallace repeatedly asked him to take a seat and the proceedings were eventually halted after Ken Smollen of the Irish Democratic Party took to his feet asking that all cases be adjourned until the government had announced its plans to help keep families in their homes.Around 30 people sitting in the public gallery then stood up in support of Mr Smollen’s call and clapped and cheered loudly.The County Registrar said they were interfering with due process and eventually left the bench after asking the court’s caretaker Oliver McCarthy to notify the Garda sergeant of the disruption.Speaking outside the court, retired Garda Ken Smollen, leader of the Irish Democratic Party said people are terrified by the court process.“Most of these people have never been in court, It’s ok for the likes of me who is actually used to going into court, but these people are terrified.”“We are not trying to stop these cases people are not looking for write offs but we people want fairness. The banks will not engage fairly with people. The banks are refusing to engage fairly with people even though they say people are not engaging with them it’s the banks who are not engaging.“Because the government has actually stated that they are going to announce plans in the coming weeks to help keep families in their homes would it not be fair and appropriate that these cases at least be adjourned until the government has announced these plans?” he said.When the County Registrar returned 20 minutes later, Mr Wallace sympathised with the predicament of those in court but insisted he had a job to do.“Ladies and Gentlemen, I have a job to do. I am really sorry about your predicament. If you remain quiet you can stay in court if you don’t I’ll have to leave again and the gardai will remove you.”At the conclusion of the court sitting, a total of 11 orders had been granted to allow the financial institutions repossess properties where large capital balances, including arrears, had amounted.A large number of the cases were adjourned to the July and September sittings. Walk in Covid testing available in Limerick from Saturday 10th April Proceedures and appointments cancelled again at UHLlast_img read more

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ViacomCBS Reports Q4 and Full Year 2020 Earnings Results

first_img 4,146 ViacomCBS Reports Q4 and Full Year 2020 Earnings Results Investing Activities: (In millions, except per share amounts) % ) N/M $B/W% Programming charges principally reflect accelerated amortization associated with changes in the expected monetization of certain programs, and decisions to cease airing, alter future airing patterns or not renew certain programs, in connection with management changes implemented as a result of the Merger. Full Year Ended December 31 Total Equity (Unaudited; in millions, except per share amounts) ) 1,650 Loss on extinguishment of debt 13 (1 $ 6,656 783 4.20 4 — 2,584 Adjusted (Non-GAAP) 1,569 * $ 135 .16 ) Reported (GAAP) — $ 2,443 † Non-GAAP measures are detailed in the Supplemental Disclosures at the end of this release. 4,668 $ 137 ) 99 2,305 1,171 (27 $ 14,992 (a) ) Gain on sales 1,246 3.73 % 69 Loss on extinguishment of debt (214) Net earnings (loss) from continuing operations Property and equipment, net (c) (b) 36 117 .92 89 (b) Reported EPS excludes the dilutive impact to shares since we reported a net loss. Adjusted EPS is calculated based on diluted weighted average shares outstanding of 618 million. $ 1,131 5 %$ 5,132 % Programming charges (d) (.18) Year Ended December 31, 2019 ) 1,391 Revenue$ 3,438 Reflects a charge to reduce the carrying value of our international broadcast licenses in Australia to their fair value. 2,826 1,131 2020 589 Adjusted diluted EPS from continuing operations attributable to ViacomCBS December 31, 159 .79 $ 1,141 (4) ) ) (453 2,910 ) 27 $ Cash and cash equivalents 826 467 ) 370 16,713 ) Increase in accounts payable and other liabilities (10) 126 2020 978 SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) 2020 2019 Depreciation of abandoned technology (c) Advertising$ 3,145 $ 3,030 119 $ in millions Reflects severance and exit costs relating to restructuring activities, costs incurred in connection with the Merger, legal proceedings involving the Company and other corporate matters. 6,700 $ 783 ) NEW YORK–(BUSINESS WIRE)–Feb 24, 2021– ViacomCBS Inc. (NASDAQ: VIAC; VIACA) today reported financial results for the quarter ended December 31, 2020. Statement from Bob Bakish, President & CEO “We started 2020 with clear goals: unlock the power of our combination, build robust operating momentum and accelerate our streaming strategy – and we delivered. In Q4, despite the ongoing impacts of COVID-19, we finished the year with strong advertising and affiliate results that demonstrate the strength of our core businesses and achieved incredible growth across our linked streaming ecosystem, reaching nearly 30 million global subscribers and over 43 million Pluto TV global MAUs. At today’s streaming investor event, we look forward to showcasing our opportunity to expand our position and bring ViacomCBS content and brands to streaming audiences around the world.” Q4 & FULL YEAR 2020 RESULTS* Items affecting comparability: Domestic (53) 993 65 (Unaudited; in millions, except per share amounts) ) %$ 25,285 (1,149 834 $ ) (.11) 4,139 49,585 Net EarningsfromContinuingOperationsAttributable toViacomCBS 10,363 $ $ Global streaming subscribers rose to nearly 30M, up 56% year-over-year.Domestic streaming subscribers reached 19.2M, up 71% year-over-year.CBS All Access and SHOWTIME OTT delivered their best quarter ever in sign-ups.CBS All Access’ momentum was driven by demand for sports content, including the NFL, UEFA and SEC, as well as original programming, including Star Trek: Discovery and The Stand, and content from ViacomCBS cable brands.SHOWTIME OTT benefitted from strong demand for original programming, including the premieres of Shameless and the limited series Your Honor, as well as theatricals. 3,223 682 29,590 Costs and expenses: $ in millions Full Year Ended December 31$ 2,561 302 $ Expenses (629 2019 (22,908) 2,584 Programming charges (b) 379 834 N/M 177 (c) 2019 (44 14 43 158 ) (324) 645 Class A Common Stock, par value $.001 per share; 375 shares authorized; 52 (2020 and 2019) shares issued Cash, cash equivalents and restricted cash at end of year (includes $135 (2020) and $202 (2019) of restricted cash) 584 159 ) $ 218 174 1,281 ) 1,230 (110) $ 11,924 5,963 (302) 1 (183) $ $ .02 4 GLOBAL (Includes Domestic Revenue) 2020 (5 $ (76 618 3 N/M = Not Meaningful 547 (367 31 6,005 (d) 7,017 129 — (156) ) 6,483 ) Earnings(Loss) fromContinuingOperationsBefore IncomeTaxes $ Quarter Ended December 31, 2020 (Provision)Benefit forIncome Taxes 3,168 $ ) Restructuring and other corporate matters .01 3,223 21 (25) $ (1,713 467 1,183 ) $ 5,393 (b) 3.92 Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies $ 350 Discrete tax items 1,083 % Net EarningsfromContinuingOperationsAttributable toViacomCBS $ 6,874 ) Net cash flow provided by operating activities from continuing operations $ 519 Reported (GAAP) $ 51 28 2019 $ 49 1.26 Restructuring and other corporate matters (a) CONSOLIDATED STATEMENTS OF OPERATIONS 2,121 Depreciation and amortization $ 492 $ %$ 1,857 5.13 480 BALANCE SHEET & LIQUIDITYFor the full year, ViacomCBS generated $2.2B of operating cash flow from continuing operations and $1.9B of free cash flow†, benefiting from the timing of production spending and cost savings.In Q4, as expected, the ramp up in production spend led to negative operating cash flow from continuing operations of $339 million and negative free cash flow† of $453 million. Content Licensing N/M = Not Meaningful (629) 769 Payment of payroll taxes in lieu of issuing shares for stock-based compensation 2,215 Quarter Ended December 31 802 167 2,436 (27) 2020 $ 570 .02 Reflects a gain on the sale of CBS Television City property and sound stage operation. Operating cash flow from continuing operations 38 – 21 Twitter 304 286 4,213 ) 2020 13,289 (155) Increase in inventory and related program and participation liabilities, net 810 % (6 1 Operating lease liabilities Selling, general and administrative % ) 3,308 — 3 Adjustments to reconcile net earnings from continuing operations to net cash flow provided by operating activities from continuing operations: %$ 9,751 23 467 Interest expense 214 2,563 (12 $ Year Ended 615 399 3.73 (20 $ Full Year Ended December 31$ 2,458 3,157 (788 .73 (e) 617 (40) 59 25 ) 2020 ) (268) Deferred tax provision (benefit) 589 1,500 225 2 Programming charges (b) (298) (206) (28) (302 ) 9 Reflects a gain on the sale of CNET Media Group (“CMG”). $ 3,088 938 ) 7 79 Adjusted net earnings from continuing operations attributable to ViacomCBS 6,837 ) 438 ) 1,994 (183) (20 120 (24 $ — 2019 (10 1,268 ViacomCBS stockholders’ equity: ) 616 (549) $B/W% 2020 $ Other, net 2019 2020 (3 1,516 %$ 12,589 42 Primarily reflects a deferred tax benefit of $768 million resulting from the transfer of intangible assets between our subsidiaries in connection with a reorganization of our international operations; a tax benefit of $44 million realized in connection with the preparation of the 2018 federal tax return, based on further clarity provided by the United States government on tax positions relating to federal tax legislation enacted in December 2017; and a tax benefit of $39 million triggered by the bankruptcy of an investee. $ (174 Adjusted OIBDA$ 1,183 $ 26,998 $ 112 Affiliate (15 Purchase of Company common stock Restructuring and other corporate matters (b) .01 685 $ 155 2,422 2,984 118 Deferred revenues Pluto TV grew its global monthly active users (MAUs) to 43M, up 80% year-over-year.Pluto TV’s domestic MAUs increased to 30.1M, up 34% year-over-year, and more than doubled its advertising revenue in the quarter.User engagement increased, with strong growth in total viewing minutes and average monthly watch time per user, including across connected TVs and mobile devices. (35 (Repayments of) proceeds from short-term debt borrowings, net 983 Equity in loss of investee companies, net of tax and distributions (112) Repayment of long-term debt 983 120 .07 1,809 Reflects a charge to reduce the carrying values of FCC licenses in two markets to their fair values. Quarter Ended December 31$ 845 Change in assets and liabilities VIAC-IR View source version on businesswire.com:https://www.businesswire.com/news/home/20210224005361/en/ CONTACT: Press: Justin Dini Executive Vice President, Corporate Communications (212) 846-2724 [email protected] Peter Collins Vice President, Corporate Communications (917) 826-4182 [email protected] Blaber Senior Director, Corporate Communications (646) 823-6616 [email protected] Pranita Sookai Director, Corporate Communications (718) 316-2182 [email protected] Investors: Anthony DiClemente Executive Vice President, Investor Relations (917) 796-4647 [email protected] Jaime Morris Vice President, Investor Relations (646) 824-5450 [email protected] Robert Amparo Manager, Investor Relations (347) 223-1682 [email protected] KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ENTERTAINMENT COMMUNICATIONS FILM & MOTION PICTURES TV AND RADIO GENERAL ENTERTAINMENT ONLINE PUBLIC RELATIONS/INVESTOR RELATIONS SOURCE: VIACOMCBS INC. Copyright Business Wire 2021. PUB: 02/24/2021 04:01 PM/DISC: 02/24/2021 04:01 PM http://www.businesswire.com/news/home/20210224005361/en (d) FILMED ENTERTAINMENT 24 Primarily reflects an increase in the value of our investment in fuboTV, which was sold in the fourth quarter of 2020. (279) 430 8,843 8,934 (e) Theatrical 9,716 $ 792 $ 9 1 %$ 3,746 (67 ) (339) (535) 4,146 Operating Q4 2020 revenue decreased 3% year-over-year, reflecting the decline in theatrical revenue, partially offset by growth in licensing and home entertainment revenue.Theatrical revenue was immaterial in the quarter as a result of the closure or reduction in capacity of movie theaters in response to COVID-19.Home entertainment revenue increased 14% year-over-year, driven by higher sales of catalog and Miramax titles.Licensing revenue grew 39% year-over-year due to higher licensing of catalog titles. Additional paid-in capital $ Full Year Ended December 31 $ 2,990 (57) — (239) 2019 $B/W% Adjusted OIBDA decreased 12% year-over-year mainly because of increased expenses to support the growth and expansion of CBS All Access. $ 80 $ (18 ) (.30) ) 2 $ 2019 571 163 Accumulated other comprehensive loss (8 769 3,147 137 $ 1,171 (97 $ (302) (530) 75 1,757 20 1,439 Facebook 2019 563 Diluted EPSfromContinuingOperations Long-term debt $ (1,224 1,705 Adjusted (Non-GAAP) $ Debt (111 2019 % 665 254 ) Year Ended December 31, 52,663 Other items, net 34 (.30) $ 29 544 .20 %$ 10,700 126 2020 (324) Reflects accelerated depreciation for technology that was abandoned in connection with synergy plans related to the Merger. 737 (a) 13 651 Restructuring and other corporate matters (a) 3.93 52,663 ) 48 $ (586 50 Net earnings from continuing operations 570 Current Liabilities: 3,168 .73 $ (6 $ % Basic 2,701 — As of December 31, 2020, the company had $3B of cash on its balance sheet and a committed $3.5B revolving credit facility that remains undrawn. 2,005 (101) (142) 66 5,035 Quarter Ended $ December 31, December 31, (13 709 2020 $B/W% (14 (8 $ $ 3,967 (99) 430 27 3,168 $ (.42) 2,637 841 3,129 Free cash flow (132) 2,294 Diluted EPS from continuing operations attributable to ViacomCBS 2,133 177 SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Unaudited; in millions, except per share amounts) Results for the quarters and years ended December 31, 2020 and 2019 included certain items identified as affecting comparability. Adjusted operating income before depreciation and amortization (“Adjusted OIBDA”), adjusted earnings from continuing operations before income taxes, adjusted provision for income taxes, adjusted net earnings from continuing operations attributable to ViacomCBS, and adjusted diluted EPS from continuing operations (together, the “adjusted measures”) exclude the impact of these items and are measures of performance not calculated in accordance with accounting principles generally accepted in the United States of America (“GAAP”). We use these measures to, among other things, evaluate our operating performance. These measures are among the primary measures used by management for planning and forecasting of future periods, and they are important indicators of our operational strength and business performance. In addition, we use Adjusted OIBDA to, among other things, value prospective acquisitions. We believe these measures are relevant and useful for investors because they allow investors to view performance in a manner similar to the method used by our management; provide a clearer perspective on our underlying performance; and make it easier for investors, analysts and peers to compare our operating performance to other companies in our industry and to compare our year-over-year results. Because the adjusted measures are measures of performance not calculated in accordance with GAAP, they should not be considered in isolation of, or as a substitute for, operating income (loss), earnings (loss) from continuing operations before income taxes, provision benefit for income taxes, net earnings (loss) from continuing operations attributable to ViacomCBS or diluted EPS from continuing operations, as applicable, as indicators of operating performance. These measures, as we calculate them, may not be comparable to similarly titled measures employed by other companies. The following tables reconcile the adjusted measures to their most directly comparable financial measures in accordance with GAAP. (3 25 Other assets (e) Restructuring and other corporate matters (b) %$ 2,562 — (183) 769 Total costs and expenses 632 19 21,360 618 Stock-based compensation 2019 (97 56 $ 438 (b) $B/W% Content Licensing 122 CONSOLIDATED STATEMENTS OF CASH FLOWS (247) 119 (17 (962) Net cash flow used for investing activities from discontinued operations 99 $ $ 1,632 $ (119 Net gains (losses) from investments (27 447 ) $ in millions Accounts payable $ 140 Adjusted OIBDA was $18M compared to a loss of $119M in the prior year quarter as lower revenue was more than offset by lower distribution costs from fewer theatrical releases. CABLE NETWORKSIn Q4, ViacomCBS owned the most top 30 cable networks among viewers 18-49 and 9 of the top 10 original series with kids 2-11; Showtime also had 2 of the top 4 scripted shows on premium cable in the quarter.Q4 2020 revenue increased 11% year-over-year, driven by growth in content licensing, affiliate and advertising revenue.Affiliate revenue increased 8% year-over-year, fueled by growth in streaming subscription revenue, including from SHOWTIME OTT, as well as expanded distribution and contractual rate increases, partially offset by linear subscriber declines.Advertising revenue rose 8% year-over-year, reflecting growth in streaming advertising revenue from Pluto TV as well as higher pricing, which more than offset lower linear impressions.Content licensing revenue increased 48% year-over-year, driven by growth from the licensing of library programming. — $B/W% $ $ ) 1 2,700 2,305 (299) 3,147 ) $ 618 Quarter Ended December 31 (520 645 Equity in earnings (loss) of investee companies, net of tax $B/W% — 16,056 2,239 715 Year Ended December 31, 2020 Net loss from investments (e) Net cash flow provided by operating activities (130) $ 50 44 83 140 Net earnings (loss) (ViacomCBS and noncontrolling interests) ) 2,983 Reflects a gain on the sale of CMG. 3,339 209 (171) Net earnings from discontinued operations 31 Net earnings (loss) from continuing operations .23 1,891 (214) Gain on sales Items affecting comparability: 4,375 Basic net earnings (loss) per common share attributable to ViacomCBS: Investments Primarily reflects a benefit from the remeasurement of our U.K. net deferred income tax asset as a result of an increase in the U.K. corporate income tax rate from 17% to 19% enacted during the third quarter of 2020. Net gains from investments %$ 25,285 (f) (1) (13 13 DOMESTIC 2020 $ $ Depreciation and amortization (a) (c) 2020 Includes an impairment charge of $50 million to write down an investment to its fair value; a gain on marketable securities of $35 million and gains on the sale and acquisition of joint ventures of $11 million. 717 Diluted EPSfromContinuingOperations $ Net earnings (loss) attributable to ViacomCBS 16,545 Revenues$ 6,874 (258) (22,958) (62 $ % (16 ) Revenue$ 514 .22 $ (.49) 48 ) 1,451 International Net earnings from discontinued operations $ .04 (774) B/(W)% Twitter % (2,901) 129 By Digital AIM Web Support – April 6, 2021 220 Interest income Net earnings from discontinued operations 8,521 677 Operating income (loss) Programming and other inventory 2,098 1,083 (58) Net cash flow provided by (used for) operating activities fromcontinuing operations (GAAP) 645 2019 N/M 3,955 14 2019 $ Other investing activities 72 Free cash flow (Non-GAAP) $ .07 $ Beginning Q1 2021, streaming & digital video revenue will be presented as global streaming revenue, including global revenue from advertising on the company’s pay and free streaming services, subscription fees for its pay streaming services, and advertising and subscriptions for its other digital video products. Global subscribers include customers who access the company’s domestic or international streaming services, either directly through its owned and operated apps and websites, or through third-party distributors. Streaming metrics are as of December 31, 2020. 60 8 Other (254) (12 (3) ) (20 264 .19 496 Weighted average number of common shares outstanding: (12 (85) 243 12 615 Quarter Ended December 31$ 888 ) 1,499 292 ) ) $ 532 (1,216) (183) 2,635 2020 ASSETS 8 (1,031) $ 492 (1.34) $354 Receivables, net Revenue$ 3,112 (14 GAAP 2020 $B/W% $ 1,714 589 20 (142 — 29 ) Current assets of discontinued operations 23 (6) 86 13,779 (6 $ REPORTING SEGMENTS TV ENTERTAINMENTIn Q4, CBS was the most-watched network in Daytime and Late Night and claimed the quarter’s top drama, news magazine and 4 of the top 5 comedies, as well as the top new comedy series.Q4 2020 revenue benefitted from strong affiliate revenue growth, which was offset by lower content licensing revenue.Affiliate revenue increased 23% year-over-year, driven by growth in reverse compensation and retransmission fees, as well as robust streaming subscription revenue from CBS All Access.Advertising revenue declined 1% year-over-year, reflecting the impacts from the delayed start of the fall broadcast season and the sale of CNET Media Group, which was offset by record growth in political advertising.Content licensing revenue decreased 20% year-over-year due to a lower volume of licensing from COVID-related production delays. $ (428 Programming and other inventory Operating Activities: (900) 5,481 16,612 573 $ 6,656 Adjusted OIBDA$ 18 31 Operating lease assets 1,714 7 3 ) Facebook $ 2019 Full Year Ended December 31 – (20) 9,166 5 176 (10) $ in millions 4 (345) 169 638 LIABILITIES AND STOCKHOLDERS ’ EQUITY Effect of exchange rate changes on cash, cash equivalents and restricted cash 8,843 277 781 $ $ 1.04 (44) 1,729 Participants’ share and royalties payable Full Year Ended December 31 30 Accrued programming and production costs See notes on the following tables for additional information on items affecting comparability. Net cash flow used for financing activities Impairment charge (c) (36 13 Prepaid expenses 579 Impairment charge (b) Other current liabilities $ $ Amounts attributable to ViacomCBS: 11 1.31 Total current liabilities (.63) 9,048 Diluted 85 1.31 Participants’ share and royalties payable 39 19 8,602 180 2019 ) 778 565 Quarter Ended December 31 Programming charges primarily related to the abandonment of certain incomplete programs resulting from production shutdowns related to COVID-19. Reflects severance, exit costs and other costs related to the Merger and a charge to write down property and equipment classified as held for sale. 82 (399) (133) Other liabilities 3,667 Theatrical Assets of discontinued operations 15 263 $847 197 Capital expenditures Commitments and contingencies ) (67 $ (535) Non-GAAP† 1 (69) (93) 430 4,743 SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) $ in millions, except per share amounts .04 Retained earnings 10,375 8,494 .19 (6) (1,970) Total ViacomCBS stockholders’ equity $ ) 5,129 ) 3,657 (973 Gain on sales (c) $ $ $ (25 (7) 85 Net earnings (loss) Diluted EPSfromContinuingOperations (a) 177 Adjusted OIBDA$ 549 206 Advertising 176 Adjusted OIBDA (Non-GAAP) Net earnings (loss) from continuing operations Net cash flow provided by (used for) investing activities 2,215 2,983 ) 8 ) $ 25 3,199 (67 159 VIACOMCBS INC. AND SUBSIDIARIES 615 Television programming and feature film cost amortization 11,045 (14,215) 593 Programming charges (d) $ Pension and postretirement benefit obligations (Unaudited; in millions, except per share amounts) Current Assets: 622 1,975 (549) 810 632 $ At December 31, Net cash flow provided by (used for) investing activities from continuing operations 4 1,669 7 58 140 1.27 5,320 (85) (88) (23 *During the fourth quarter of 2020, ViacomCBS entered into an agreement to sell Simon & Schuster, which was previously reported as the Publishing segment. Simon & Schuster has been presented as a discontinued operation in the company’s consolidated financial statements for all periods. OVERVIEW OF Q4 REVENUE REVENUE BY TYPEAffiliate revenue increased 13% year-over-year, driven by strong growth in streaming subscription revenue, higher reverse compensation and retransmission fees, as well as expanded distribution.Advertising revenue grew 4% year-over-year, reflecting higher streaming advertising and political advertising sales, which more than offset the adverse effects of COVID-19.Content licensing revenue decreased 3% year-over-year, reflecting a lower volume of licensing due to COVID-related production delays. Advertising 1.03 1,891 28 16 Increase in income taxes 1 (f) 618 (299) 97 $ 3,126 171 ) Net cash flow provided by operating activities from discontinued operations 26,998 Net earnings from discontinued operations, net of tax Primarily reflects an increase in the value of our investment in fuboTV, Inc. (“fuboTV”), which was sold in the fourth quarter of 2020. $ 115 (339 † Non-GAAP measures are detailed in the Supplemental Disclosures at the end of this release 2,410 2019 (125 Proceeds from issuance of senior notes Adjusted OIBDA grew 1% year-over-year as a result of the increase in revenue and savings from restructuring activities, which was mostly offset by increased expenses for programming, participations, advertising and promotions, including to support the growth of the company’s streaming services. 2,347 Acquisitions, net of cash acquired (147) (341 8,567 $B/W% 756 $ 6,008 14 Full Year Ended December 31 63 ) Quarter Ended Revenues 438 $ Licensing (42 636 2019 (706) (386 .61 ABOUT VIACOMCBS ViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the US television audience and boasts one of the industry’s most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution and advertising solutions for partners on five continents. For more information about ViacomCBS, please visit www.viacomcbs.com and follow @ViacomCBS on social platforms. CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS This communication contains both historical and forward-looking statements. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements within the Private Securities Litigation Reform Act of 1995. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements reflect our current expectations concerning future results and events; generally can be identified by the use of statements that include phrases such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “likely,” “will,” “may,” “could,” “estimate” or other similar words or phrases; and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause our actual results, performance or achievements to be different from any future results, performance or achievements expressed or implied by these statements. These risks, uncertainties and other factors include, among others: changes in consumer behavior, as well as evolving technologies, distribution platforms and packaging; the impact on our advertising revenues of changes in consumers’ content viewership, deficiencies in audience measurement and advertising market conditions; our ability to maintain attractive brands and our reputation, and to offer popular programming and other content; increased costs for programming, films and other rights; competition for content, audiences, advertising and distribution; the potential for loss of carriage or other reduction in or the impact of negotiations for the distribution of our content; losses due to asset impairment charges for goodwill, intangible assets, FCC licenses and programming; the risks and costs associated with the integration of the CBS Corporation and Viacom Inc. businesses and investments in new businesses, products, services and technologies, including our streaming initiatives; evolving business continuity, cybersecurity, privacy and data protection and similar risks; content infringement; the impact of COVID-19 (and other widespread health emergencies or pandemics) and measures taken in response thereto; domestic and global political, economic and/or regulatory factors affecting our businesses generally; liabilities related to discontinued operations and former businesses; the loss of key talent and strikes and other union activity; potential conflicts of interest arising from our ownership structure with a controlling stockholder; and other factors described in our news releases and filings with the Securities and Exchange Commission, including but not limited to our most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. There may be additional risks, uncertainties and factors that we do not currently view as material or that are not necessarily known. The forward-looking statements included in this communication are made only as of the date of this communication, and we do not undertake any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances. ) Other current assets Operating income (loss) (910) Quarter Ended December 31, (600) Goodwill 5.38 $ 2,595 .02 Adjusted (Non-GAAP) ) ) $ 31 $ (56) 3,199 541 Capital expenditures (Unaudited; in millions, except per share amounts) 976 Adjusted OIBDA$ 801 Pinterest (595) 2,285 $ (1,323 WhatsApp 18,002 15,371 Reflects severance, exit costs and other costs related to the Merger. Net EarningsfromContinuingOperationsAttributable toViacomCBS (367 (Decrease) increase in pension and postretirement benefit obligations 1,738 Intangible assets, net 16 (4) (20 485 2020 219 Operating Income (Loss) (GAAP) $ 1,083 $ 445 (Provision) benefit for income taxes 4,139 2 Earnings fromContinuingOperationsBefore IncomeTaxes 433 2,550 $ $ 231 Pinterest (31) 5,393 ) 2,369 769 Financing Activities: (d) (90) WhatsApp 6,656 1,387 3,308 — (214) Quarter Ended December 31 $ (386) Diluted EPSfromContinuingOperations Net gain from investments (d) 44 (214) 140 3.74 (.42) International ) 1 Net earnings (ViacomCBS and noncontrolling interests) $ (214) 2,045 .05 Provision forIncome Taxes 0.92 117 (39) (126) 129 Provision forIncome Taxes 7,937 Loss on extinguishment of debt 4,146 Increase in receivables (3 Liabilities of discontinued operations Domestic $ 549 % Year Ended 630 38 Quarter Ended December 31 (b) 1,861 Proceeds from dispositions (a) (c) $ in millions 88 December 31, (174) Assets held for sale 3 Deferred income tax liabilities, net Programming charges principally reflect accelerated amortization associated with changes in the expected monetization of certain programs, and decisions to cease airing, alter future airing patterns or not renew certain programs, in connection with management changes implemented as a result of the Merger. — $ Restructuring and other corporate matters (a) 1,446 (29) 29,785 620 ) (148) 23 1.26 2020 Accrued expenses 2,813 (68) ) Programming charges primarily related to the abandonment of certain incomplete programs resulting from production shutdowns related to COVID-19. 274 $ ) (114) Quarter Ended December 31, 2019 % ) Net Earnings(Loss) fromContinuingOperationsAttributable toViacomCBS (530 28 — Dividends (112) $ Proceeds from exercise of stock options 5.13 8,296 2,990 Items affecting comparability: (.25) 2,501 Reflects a charge to reduce the carrying value of our international broadcast licenses in Australia to their fair value. 12 4,139 (125 49,585 $ 12,449 $ Affiliate B/(W)% 589 Reflects severance and exit costs relating to restructuring activities and costs incurred in connection with the Merger. Gain on sales (d) VIACOMCBS INC. AND SUBSIDIARIES (2 $ (3) 2,595 — 250 Diluted net earnings (loss) per common share attributable to ViacomCBS: (6) 356 SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) (Unaudited; in millions, except per share amounts) Free Cash Flow Free cash flow is a non-GAAP financial measure. Free cash flow reflects our net cash flow provided by operating activities (used for) from continuing operation less capital expenditures. Our calculation of free cash flow includes capital expenditures because investment in capital expenditures is a use of cash that is directly related to our operations. Our net cash flow provided by operating activities from continuing operations is the most directly comparable GAAP financial measure. Management believes free cash flow provides investors with an important perspective on the cash available to us to service debt, make strategic acquisitions and investments, maintain our capital assets, satisfy our tax obligations, and fund ongoing operations and working capital needs. As a result, free cash flow is a significant measure of our ability to generate long-term value. It is useful for investors to know whether this ability is being enhanced or degraded as a result of our operating performance. We believe the presentation of free cash flow is relevant and useful for investors because it allows investors to evaluate the cash generated from our underlying operations in a manner similar to the method used by management. Free cash flow is among several components of incentive compensation targets for certain management personnel. In addition, free cash flow is a primary measure used externally by our investors, analysts and industry peers for purposes of valuation and comparison of our operating performance to other companies in our industry. As free cash flow is not a measure calculated in accordance with GAAP, free cash flow should not be considered in isolation of, or as a substitute for, either net cash flow provided by (used for) operating activities from continuing operations as a measure of liquidity or net earnings (loss) as a measure of operating performance. Free cash flow, as we calculate it, may not be comparable to similarly titled measures employed by other companies. In addition, free cash flow as a measure of liquidity has certain limitations, does not necessarily represent funds available for discretionary use and is not necessarily a measure of our ability to fund our cash needs. The following table presents a reconciliation of our net cash flow provided by (used for) operating activities from continuing operations to free cash flow: 14 $ 5,132 Net earnings (loss) attributable to ViacomCBS (207) (44) 60 Net gains from investments (e) 7 2,296 1,171 111 (549) Noncontrolling interests $ 3,515 12 ) 91 (765) 829 $ 625 Net earnings (loss) from continuing operations .23 155 $ 19,717 ) (142) 447 $ Other financing activities 214 (59) (In millions) 180 CONSOLIDATED BALANCE SHEETS $ Current liabilities of discontinued operations 14 23,401 13 $826 STREAMING & DIGITAL VIDEO REVENUE 5.15 1,546 .03 ) 2019 $ Other ) 1,709 5.36 Expenses 9 SPOTLIGHT ON STREAMING In Q4, ViacomCBS delivered robust global streaming & digital video revenue and user growth across its premium, pay and free services. Q4 GLOBAL HIGHLIGHTS*Global streaming & digital video revenue increased 71% year-over-year to $888M, driven by 74% growth in streaming subscription revenue and 69% streaming advertising revenue growth.Domestic streaming & digital video revenue growth accelerated from 56% in Q3 to 72% in Q4, resulting in revenue of $845M. Gain on sales (e) 13,207 1,317 The year ended December 31, 2020 includes an impairment charge of $25 million to reduce the carrying value of intangible assets to fair value and accelerated depreciation of $12 million for technology that was abandoned in connection with synergy plans related to the merger of Viacom Inc. with and into CBS Corporation (the “Merger”). The quarter and year ended December 31, 2019 include an impairment charge of $20 million to reduce the carrying value of intangible assets to fair value. Impairment charge (b) Net gains from investments (f) (206) $ (14 Less: Net earnings from discontinued operations, net of tax Net earnings from continuing operations attributable to ViacomCBS (loss) 4.83 809 (.49) (.49) Redeemable noncontrolling interest Discrete tax items (g) 8,652 % 2,305 617 Impairment of equity-method investment 1.04 $B/W% Earnings fromContinuingOperationsBefore IncomeTaxes 1 25,285 Affiliate 4.83 2,422 623 $ 11,074 Treasury stock, at cost; 503 (2020) and 501 (2019) Class B Shares 2,158 (a) (a) $ 26,998 $ ) Depreciation and amortization (32 6,052 9,481 Adjusted (Non-GAAP) (15 % 797 (g) ) 4.20 188 ) 5.13 Benefit(Provision) forIncome Taxes — Discrete tax items Reported (GAAP) 810 Net earnings attributable to noncontrolling interests $ 29 1,598 2019 — 1,602 Items affecting comparability: $ Internationally, Pluto TV MAUs grew to 12.9M, including expanding in Spain and Brazil during the quarter.Pluto TV also closed new global distribution agreements with Samsung and Google. (133) 6,037 Deferred income tax assets, net Cash, cash equivalents and restricted cash at beginning of year (includes $202 (2020) and $120 (2019) of restricted cash) Expenses $ $ Local NewsBusiness Programming charges (c) $ (142) (12 Net increase (decrease) in cash, cash equivalents and restricted cash 783 Total Assets Other SUPPLEMENTAL DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES (Continued) Total Liabilities and Equity Home Entertainment 3.73 16 1.26 3,339 Discrete tax items (f) 11,902 (827) (827) 1 1,358 .05 $ Total current assets 12,554 $369 13 ) (258) $ 215 2020 71 (110) $ Content Licensing (d) Net earnings (loss) Reported (GAAP) Reflects a gain on marketable securities of $113 million; gains of $22 million on the sale and acquisition of joint ventures; and an impairment charge of $50 million to write down an investment to its fair value. ) 2019 – (0.49 (145) Earnings fromContinuing OperationsBefore IncomeTaxes (19 2020 547 2020 564 (1,832) Total Revenues$ 6,874 2,701 2,215 (19) (.21) VIACOMCBS INC. AND SUBSIDIARIES 395 13 (345) 1,184 Gain on sales (b) (453) Program rights obligations 1,583 (12,170) (13 Class B Common Stock, par value $.001 per share; 5,000 shares authorized; 1,068 (2020) and 1,064 (2019) shares issued 826 N/M TAGS  117 3,119 Year Ended December 31, $ Previous articleLatest Labor Optimization Solution by Indeavor Helps CPG Manufacturers Keep Up With DemandNext articleThe AI Infrastructure Alliance Launches With 25 Members to Create the Canonical Stack for Artificial Intelligence Projects Digital AIM Web Supportlast_img read more

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Risking Another Housing Crisis?

first_img Fed Chair Jerome Powell Federal Reserve Governor Housing Market Lael Brainard 2018-12-10 Donna Joseph Servicers Navigate the Post-Pandemic World 2 days ago Risking Another Housing Crisis? Previous: Delaying the Dream of Homeownership Next: Slow Home Sales in the Golden State December 10, 2018 3,178 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Fed Chair Jerome Powell Federal Reserve Governor Housing Market Lael Brainard  Print This Post About Author: Donna Joseph Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Risking Another Housing Crisis? in Daily Dose, Featured, Government, News, Servicing Servicers Navigate the Post-Pandemic World 2 days ago Forbes contributor Pedro Nicolaci da Costa examines how banks can fortify themselves against another meltdown. His article, da Costa cites Lael Brainard, Federal Reserve Governor, who suggests mandating higher capital requirements on banks—given the continued stability projected by the U.S. economy.”At a time when cyclical pressures have been building and bank profitability has been strong, it might be prudent to ask large banking organizations to fortify their capital buffers, which could subsequently be released if conditions warrant,” Brainard said in a speech last week. Referencing the last financial crisis, Forbes indicated a majority of financial experts are in agreement that banks’ heavy reliance on debt to fund their operations was a key factor in brewing trouble within the housing sector. Are Banks Recession Ready?According to its Comprehensive Capital Analysis and Review, or Stress Test released in July, the Fed found that U.S. firms’ common equity capital ratio has more than doubled, rising to 12.5 percent at the end of Q1 2017 from 5.5 percent in Q1 2009, a total increase of $750 billion to $1.25 trillion. However, during the same period, the percentage of consumers who think credit will become easier to access over the next year declined, according to its Survey of Consumer Expectations. In addition, the Federal Reserve ’s first Financial Stability Report was released in December and assessed the resilience of the U.S. financial system and the triggers that can impact its stability. Speaking about the report, Jerome Powell, the Chairman of the Fed said, “Together, these reports contain a wealth of information on our approach to financial stability and to financial regulation more broadly. By clearly and transparently explaining our policies, we aim to strengthen the foundation of democratic legitimacy that enables the Fed to serve the needs of the American public.” Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Subscribe Related Articleslast_img read more

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Kerala HC Grants Relief To Cardiac Patient Who Complained Of Denial Of Treatment To Non-COVID Patients In Govt Hospital

first_imgNews UpdatesKerala HC Grants Relief To Cardiac Patient Who Complained Of Denial Of Treatment To Non-COVID Patients In Govt Hospital LIVELAW NEWS NETWORK26 May 2020 11:15 PMShare This – xThe High Court of Kerala has directed the State authorities to take up the request for medical review of a cardiac patient at the earliest, after he moved the Court complaining that Medical College Hospital, Alappuzha was denying treatment to non-COVID patients.A bench of Justice Anu Sivaraman passed the interim order in a writ petition filed by one Radhakrishnan (58), who said that the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe High Court of Kerala has directed the State authorities to take up the request for medical review of a cardiac patient at the earliest, after he moved the Court complaining that Medical College Hospital, Alappuzha was denying treatment to non-COVID patients.A bench of Justice Anu Sivaraman passed the interim order in a writ petition filed by one Radhakrishnan (58), who said that the cardiac OP wing of Medical College Hospital, Alappuha has been closed following COVID19. Stating that closure of the department for non-COVID-19 patients left him “medically stranded”, he sought for directions to open the cardiac OP wing.In the petition filed through Advocates SK Adhithyan and Keerthi S Jyothi, the petitioner submitted that he was diagnosed with three blockages in the heart and has since suffered three cardiac arrests, but was denied medical (Bypass) surgery by the Government hospitals, on the ground of giving priority to COVID patients.He further submitted that he belongs to the BPL category and cannot afford the hefty amount of Rs. 10,00,000/- being charged by the private hospitals to perform the ‘Coronary Artery Bypass Grafting/ Intensive Medical Management’ on him. The Government Pleader informed the Court that the petitioner’s medical review will be carried out soon and that appropriate follow up action will be taken if he is found suitable for undergoing the surgical procedure in accordance with priority.Following that, the Court directed the Director of the Medical College Hospital to see that the petitioner’s request for review is carried out at the earliest and that the petitioner is subjected to due procedure, in case he is suitable for the same.Click here to download orderRead OrderNext Storylast_img read more

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