A Hedge Fund With Ties to Trump Is Polluting One of Brooklyn’s Poorest Communities

Lenore Staats

Tipping Point covers environmental justice stories about and, where possible, written by people in the communities experiencing the stark reality of our changing planet.

It’s time to wake up. On Global Climate Day of Action, VICE Media Group is solely telling stories about our current climate crisis. Click here to meet young climate leaders from around the globe and learn how you can take action.

Maria Escalera breathes some of the most polluted air in New York City. The 64-year-old works at a family health center near the industrial waterfront of Brooklyn’s Sunset Park neighborhood. Her office is within walking

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Unemployment trust fund, long list of other items on special session agenda

Lenore Staats



a large tall tower with a sky background: State Capitol building in Louisiana.


© Provided by WVUE New Orleans
State Capitol building in Louisiana.

NEW ORLEANS, La. (WVUE) – As state legislators prepare to begin another special session on Monday (Sept. 28), some say the state of Louisiana’s unemployment trust fund is a top concern that will be addressed during the 30-day conclave.

Rep. Jerome “Zee” Zeringue, a Republican from Houma, who chairs the House Appropriations Committee, and Sen. Troy Carter, a Democrat from New Orleans, who is chairman of the Senate Labor and Industrial Relations Committee agree the pandemic has put a lot of pressure on the unemployment trust fund,

“Unemployment insurance

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Biggest mutual funds and ETFs with the best 10-year returns

Lenore Staats

Bigger doesn’t always mean better.

With an average 10-year gain of roughly 12% — and more than $3 trillion in AUM — the industry’s 20 biggest mutual funds and ETFs were outpaced by the broader fund industry, Morningstar Direct data show. Index trackers such as the SPDR S&P 500 ETF Trust (SPY) and the SPDR Dow Jones Industrial Average ETF Trust (DIA), meanwhile, posted gains of 14.87% and 13.60%, respectively, according to Morningstar Direct data.

In bonds, the iShares Core US Aggregate Bond ETF (AGG) generated a gain of 3.65%.

Despite some impressive short-term returns, the year-to-date average among the

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Foreign funds offload RM558.4mil of local equities last week

Lenore Staats

KUALA LUMPUR: Foreign funds have offloaded RM558.4mil net of local equities on Bursa Malaysia during the Sept 14-19 period against RM71.2mil net acquired during the previous period of Sept 7-12.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said Bursa’s international investors began the week by withdrawing RM187.9mil net of local equities last Monday.

The local bourse, however, was up by 0.4%, supported by net buying activity by retail investors who scooped up RM280.3mil of local equities as they weighed prospects for a Covid-19 vaccine.

AstraZeneca (AZN) disclosed that it has resumed British clinical trials of its Covid-19 vaccine which

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Agreements signed to link food sector SMEs to investment funds

Lenore Staats

AMMAN — The Jordan Enterprise Development Corporation (JEDCO) has signed three memoranda of understanding (MoUs) with investment banking services companies to qualify potential industrial companies operating in the food processing sector and subsequently connect them with a number of investment funds, based on the recommendations of the food manufacturing committee.

The MoUs were signed in the presence of Minister of Industry, Trade and Supply, and JEDCO Chairman Tareq Hamouri and Chairman of the committee and the Jordan Industrial Estates Company Luay Sahwil, and representatives of the industrial sector and directors of investment banking services companies, according to a JEDCO statement.

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Atar Capital Acquires Foodservice Packaging Manufacturer WinCup From Funds Managed by BlackRock

Lenore Staats

LOS ANGELES–(BUSINESS WIRE)–Atar Capital, a Los Angeles-based global private investment firm, announced today it has completed the acquisition of WinCup from funds managed by BlackRock, Inc., a global investment management firm. Headquartered in Georgia, WinCup employs nearly 1,000 people across eight manufacturing facilities that provide nationwide production and distribution of a comprehensive portfolio of traditional and biodegradable foodservice packaging products. The company is first to market with two flagship products, Phade®, an award-winning marine biodegradable, home and industrial compostable straw; and Vio®, the only biodegradable foam-based cups, lids and straws in the US and Canada. WinCup serves an

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Hitachi preparing to pull out of nuclear project in blow to UK climate ambitions

Lenore Staats

Hitachi is preparing to abandon plans to build a new power station at Wylfa on Anglesey, an island off the coast of north Wales, in a severe blow to Britain’s struggling nuclear power programme.

The Japanese industrial group is expected to make the formal decision at a board meeting in Tokyo on Wednesday, said multiple figures close to the project.

The move is the latest blow to the UK’s nuclear plan at a time when it is rushing to cut the emissions that cause climate change in order to meet a “net zero carbon” target by 2050.

Wind has taken

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Shrinkflex plans IPO to raise funds

Lenore Staats

Shrinkflex plans IPO to raise funds

Proceeds earmarked for second facility

Shrinkflex Thailand Plc, the country’s largest shrink-film label manufacturer, is planning an initial public offering on the Market for Alternative Investment (MAI) to raise money for a second production facility.

The company submitted its listing application on the MAI in the industrial sector in June and is planning a roadshow to showcase its products for the domestic and overseas markets.

Shrinkflex founder and chief executive Sung Cheong Tsoi said the company hired RHB Securities Thailand Plc as its financial adviser, with newly increased registered capital of no more than

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EB-5 fund invests $50M in Hialeah warehouse park — looking for more Florida projects

Lenore Staats

An EB-5 investment firm searched the state for a potential prosperous development, and decided to bet on a Hialeah warehouse project. And it has another $125 million to drop.

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CanAm Enterprises, founded 33 years ago in Canada, invested $50 million into the Countyline Corporate Park project in August. The money will fund construction of 1.2 million square feet of warehouse space. Flagler Global Logistics, a subsidiary of the Downtown Miami-based development and investment firm Florida East Coast Industries, is developing the 8.4 million-square-foot industrial park running from Northwest 154th to 170th streets and Northwest 97th to 107th avenues

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Kenya: 100,000 Dairy Farmers to Access Credit From Family Bank’s Sh1 Billion Fund

Lenore Staats

Nairobi — Family Bank has entered into a partnership with Performeter Agribusiness Limited in a deal that will see 100,000 farmers in dairy cooperatives access credit to finance fodder production, a critical barrier to the competitiveness of Kenya’s dairy sector.

Through this partnership, the Bank has set aside Sh 1 billion to facilitate industrial production of fodder by financing the fodder production activities namely; land preparation, planting, fertilization, weed control, harvesting, ensiling, baling and transportation, up to the point where the dairy farmer receives the fodder at the farm.

This is aimed at supporting the dairy farmers to have all-year-round

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LIC Housing plans to raise Rs 50,500 crore through debt securities

Lenore Staats

The company has devised a 4-R strategy – retail, recovery, retention and re-engineering – as the guiding force for fighting Covid-19.

Mortgage lender LIC Housing Finance will seek shareholders’ approval at its annual general meeting (AGM) on September 28 to raise up to Rs 50,500 crore. The fund raising will be done by issuing debt securities or other hybrid instruments on a private placement basis. The company plans to raise the amount in one year by issuing debt instruments in one or more tranches, till the next AGM.

In its annual report released on Wednesday, the housing finance company has

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Atar Capital Acquires Foodservice Packaging Manufacturer WinCup From Funds Managed by BlackRock – Press Release

Lenore Staats

LOS ANGELES–(Business Wire)–Atar Capital, a Los Angeles-based global private investment firm, announced today it has completed the acquisition of WinCup from funds managed by BlackRock, Inc., a global investment management firm. Headquartered in Georgia, WinCup employs nearly 1,000 people across eight manufacturing facilities that provide nationwide production and distribution of a comprehensive portfolio of traditional and biodegradable foodservice packaging products. The company is first to market with two flagship products, Phade®, an award-winning marine biodegradable, home and industrial compostable straw; and Vio®, the only biodegradable foam-based cups, lids and straws in the US and Canada. WinCup serves an impressive blue-chip

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New York court grants IDC access to Gupta financial records from 17 international banks

Lenore Staats



a man looking at the camera


© Copyright (c) Daily Maverick , All Rights Reserved


In August, a Manhattan judge granted a secret court order giving the Industrial Development Corporation (IDC) access to Gupta financial records held at more than a dozen New York banks.

The order allowed the IDC’s lawyers in New York to subpoena 17 banks the Gupta family, their associates and several connected companies had used as part of the family’s global money machine to transact in dollars. 

Payment systems work in such a way that Dubai-based transactions through the branches of the same banks

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The Zacks Analyst Blog Highlights: Cousins Properties, Duke Realty, Industrial Logistics Properties Trust and Four Corners Property Trust

Lenore Staats

For Immediate Release

Chicago, IL – September 31, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cousins Properties Inc. CUZ, Duke Realty Corp. DRE, Industrial Logistics Properties Trust ILPT and Four Corners Property Trust, Inc. FCPT

Here are highlights from Friday’s Analyst Blog:

4 REIT Stocks You Can Bet On After Dismal Q2

The coronavirus pandemic and the consequent shutdowns worldwide have affected the U.S. economy and businesses, and

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The fund managers, the sleuths and the mystery of the missing ESG

Lenore Staats

If fund managers are serious about clean investments, they need to get their hands dirty.
That’s the view of Sasja Beslik, head of sustainable finance at Swiss bank J Safra Sarasin, as demand surges for companies that perform well on environmental, social and governance (ESG) issues.
He himself has turned ESG detective in the past, flying to southern India after reading studies that found high water pollution levels around some factories mass-producing medicines.
Accompanied by a cameraman, Beslik spent 10 days meeting villagers and taking samples from streams close to the plants supplying companies that his then-firm had invested in.

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Making palm oil attractive again

Lenore Staats

During the first half of this oil marketing year (November 2019 to April 2020), palm oil imports were 29% down over the same period the previous year.

The impact of Covid-19 on cooking oils has been uneven. The demand for palm oil—used mainly in hotels, restaurants and cafes, and for confectionary, bakery items and fries—has suffered the most. In homes that can afford ‘soft oils’ like mustard, soybean and sunflower, it is not the preferred choice. Malaysia and Indonesia, the biggest suppliers of palm oil, and Indian oil sellers would like to change that.

During the first half of this

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UK funds coronavirus research for vulnerable global communities

Lenore Staats

The UK government is to invest £7.2m in 20 new research projects to address the impact of Covid-19 on vulnerable communities around the world.

Developing countries are facing immense pressures because of the global health crisis. The pandemic has not only put their health services under extreme pressure, but the global lockdown has damaged their economies disproportionately.

According to the UN, the number of people facing food shortages could double by the end of this year and about 150 million people worldwide lost full-time jobs in the first quarter of this year, with millions more expected to lose their livelihoods.

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Chinese banks reluctant to fund CPEC projects in current climate: Sources

Lenore Staats

ISLAMABAD: China Pakistan Economic Corridor (CPEC) has reportedly hit snags as the Chinese banks/ financial institutions are reluctant to fund the projects due to current state of affairs, well informed sources told Business Recorder.

In the past, the incumbent government’s Ministers openly accused former Chief Minister Punjab( currently Leader of Opposition in National Assembly), Mian Shahbaz Sharif and former Minister for Planning, Development and Reforms, Ahsan Iqbal of taking kickbacks in Chinese projects being established in CPEC. National Accountability Bureau (NAB) also started investigations which were later on shelved.

The issue of banks/ financial institutions reluctance in funding the projects

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Recovery uncertain: Core infra sectors shrink 9.6% in July

Lenore Staats

The contraction eased for a fifth straight month through July, and production gained momentum after lockdown curbs were eased substantially from June.

Contraction in eight key infrastructure industries narrowed to 9.6% on year in July from a 12.9% y-o-y fall witnessed in the previous month, but prospects of a sustained recovery still remain uncertain, given the fragile state of demand in the economy.

The contraction eased for a fifth straight month through July, and production gained momentum after lockdown curbs were eased substantially from June. Since these core infrastructure sectors make up for 40% of the index of industrial production,

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A Quick Analysis On Innovative Industrial Properties’ (NYSE:IIPR) CEO Compensation

Lenore Staats

Paul Smithers has been the CEO of Innovative Industrial Properties, Inc. (NYSE:IIPR) since 2016, and this article will examine the executive’s compensation with respect to the overall performance of the company. This analysis will also assess whether Innovative Industrial Properties pays its CEO appropriately, considering its funds from operations growth and total shareholder returns.

Check out our latest analysis for Innovative Industrial Properties

Comparing Innovative Industrial Properties, Inc.’s CEO Compensation With the industry

At the time of writing, our data shows that Innovative Industrial Properties, Inc. has a market capitalization of US$2.7b, and reported total annual CEO compensation of US$1.4m

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