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Kemper Corporation (KMPR) CEO Joe Lacher on Q1 2020 Results - Earnings Call Transcript




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Taylor Morrison Home Corporation's (TMHC) CEO Sheryl Palmer on Q1 2020 Results - Earnings Call Transcript




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America First Multifamily Investors, L.P. (ATAX) CEO Chad Daffer on Q1 2020 Results - Earnings Call Transcript




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Redwood Trust, Inc. (RWT) CEO Chris Abate on Q1 2020 Results - Earnings Call Transcript




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Home Capital Group Inc. (HMCBF) CEO Yousry Bissada on Q1 2020 Results - Earnings Call Transcript




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Heritage Insurance Holdings, Inc. (HRTG) CEO Bruce Lucas on Q1 2020 Results - Earnings Call Transcript




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US CDC, FDA Chiefs in Self-Quarantine After COVID-19 Exposure

CDC chief ‘will be teleworking for the next two weeks’ after a 'low-risk exposure’




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Newspaper Report: Indian, Chinese Troops Square off on Sikkim Border

150 soldiers said to be involved in the confrontation




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Newly Appointed Iraqi PM Meets with US and Iran Ambassadors

Mustafa al-Kadhimi chaired his first cabinet meeting Saturday




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Abbasi questions NAB inaction on sugar, wheat crisis

ISLAMABAD PML-N leader Shahid Khaqan Abbasi Saturday blamed the federal cabinet and the Economic Coordination Committee for the sugar crisis and increase in its price.He was talking to the media after recording his statement with the inquiry commission constituted to probe the scandal at the...




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Abbasi questions NAB inaction on sugar, wheat crises

ISLAMABAD PML-N leader Shahid Khaqan Abbasi on Saturday blamed the federal cabinet and the Economic Coordination Committee for the sugar crisis and increase in its price.He was talking to the media after recording his statement with the inquiry commission constituted to probe the scandal at the...




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Abbasi questions NAB inaction on sugar, wheat crisis

ISLAMABAD PML-N leader Shahid Khaqan Abbasi Saturday blamed the federal cabinet and the Economic Coordination Committee for the sugar crisis and increase in its price.He was talking to the media after recording his statement with the inquiry commission constituted to probe the scandal at the...




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Quarantine for UK arrivals 'would be devastating'

LONDON: A 14-day quarantine period for all travellers coming to Britain would have a devastating impact on both the UK aviation industry and wider economy, a trade body has warned. The Government will reportedly announce the mandatory quarantine as part of measures aimed at avoiding a second peak...




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Israeli girl revamps classic playing cards to represent gender equality


"All genders are equal, so why is the Queen worth less? And what about the Jack, where's the princess?"




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Iran praises Palestinian PFLP for commemorating Soleimani on Quds Day


Recent praise and PFLP work with Tehran in Lebanon may point to increased Iranian support for the group.




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Covid-19 toll on marriage: divorce inquiries on the rise as stay-home measures push Hong Kong couples off the edge

Confined to their 100 sq ft space in a subdivided flat in Hong Kong amid the Covid-19 pandemic, Wendy Cheung and her husband quarrelled numerous times over hygiene, money and caring for their son.Finally, she decided it was time to get a divorce after eight years of marriage.The distress caused by the fear of coronavirus infection, confinement measures and social isolation has taken a toll on couples. Cooped-up Hongkongers have been flooding hotlines with calls seeking help with conflicts at…




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Hong Kong finance chief sees hope for third quarter, but warns return of protests could derail retailers’ prospects

Hong Kong’s financial chief said there could be light at the end of the tunnel for the city’s economy in the third quarter of this year on Sunday, while doubling down on his call for an end to protests, which he warned could further hurt local businesses and restaurants.Writing on his official blog, Financial Secretary Paul Chan Mo-po noted Hong Kong’s coronavirus-ravaged economy had suffered its worst decline on record, shrinking by 8.9 per cent year on year in the first quarter based on his…




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Coronavirus: Dr Anthony Fauci self-quarantining along with two other White House task force members

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"I thought I was going to die": Kashmera Shah, wife of Krushna Abhishek of The Kapil Sharma Show, slams Mumbai hospitals after Bigg Boss contestant Sambhavna Seth refused treatment - Janta Ka Reporter

  1. "I thought I was going to die": Kashmera Shah, wife of Krushna Abhishek of The Kapil Sharma Show, slams Mumbai hospitals after Bigg Boss contestant Sambhavna Seth refused treatment  Janta Ka Reporter
  2. Kashmera Shah says Krushna Abhishek is okay with her bold photoshoots: ‘One of the reasons he fell for...  Hindustan Times
  3. Bigg Boss contestant Kashmera Shah on casting couch: I faced it, but never went through with it  Bollywood Life
  4. View Full coverage on Google News






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Angelina Jolie's kids determined to 'treat her like a queen' on Mother's Day

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Netflix's 'The Crown' criticized for branding Queen as a 'woman of limited intelligence'

'The Crown' depicted Queen Elizabeth as a 'countryside woman of limited intelligence'




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Iqra Aziz surprised by mom Asiya Aziz

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Salman Khan, Jacqueline Fernandez's 'Tere Bina' teaser is out now

Salman Khan also extended wishes to all the mothers on Mother’s Day.




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Patient escapes from quarantine centre

KASUR: One Covid-19 patient escaped from the DPS quarantine centre on Saturday. Seven days ago, Abubakkar, a resident of Gulburg Colony, was found Covid-19 positive. He was sent to the DPS quarantine...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]




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No COVID-19 quarantine facility to be set up in Manghopir: Saeed Ghani

The Sindh government has assured the local Manghopir representatives that it will not establish any quarantine centre in Union Council 4, as keeping suspected patients of the coronavirus in the locality would be a risky proposition keeping in view the weak civic infrastructure of the area.The...




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Two 'RAW-backed MQM-London' men remanded to FIA custody

The administrative judge of the anti-terrorism courts on Saturday remanded two suspects to the custody of the Federal Investigation Agency for investigation into their alleged links with India’s Research & Analysis Wing and the Muttahida Qaumi Movement-London .The FIA’s investigating...




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Three key U.S. coronavirus officials in self-quarantine after COVID-19 exposure

Three senior officials guiding the U.S. response to the coronavirus pandemic were in self-quarantine on Saturday after coming into contact with someone who had tested positive for the disease, their agencies and spokesmen said.




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Mauritanians flock to mosques after prayer ban lifted

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Britain to introduce 2-week quarantine for arrivals

LONDON: Britain plans to introduce a 14-day mandatory quarantine for most international arrivals, reports said Saturday, despite growing pressure on the government to relax virus lockdown measures. It comes as the UK, which has the world’s second highest coronavirus death toll after the US,...




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Crisis lays bare poverty in Geneva, as thousands queue for food

GENEVA: In one of the world´s most expensive cities, thousands of people lined up Saturday for free food, as the COVID-19 crisis casts a spotlight on Geneva´s usually invisible poor.In the Swiss city famous for its private banks, luxury watchmakers and fancy boutiques, people began...




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Britain mulls quarantine for visitors from abroad

LONDON: Britain could introduce a 14-day mandatory quarantine for international arrivals to stem the spread of coronavirus, an airline association said on Saturday, sparking alarm in an industry already hard hit by the global pandemic.Tim Alderslade, chief executive of Airlines UK, the trade body...




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Mauritanians flock to mosques after prayer ban lifted

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Crisis lays bare poverty in Geneva as thousands queue for food

GENEVA: In one of the world’s most expensive cities, thousands of people lined up on Saturday for free food, as the Covid-19 crisis casts a spotlight on Geneva’s usually invisible poor.In the Swiss city famous for its private banks, luxury watchmakers and fancy boutiques, people began...




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Liquor traders held; huge quantity of alcohol seized

Islamabad : Industrial-Area police have arrested a wine dealer and recovered 115 bottles of wine and 150 litres liquor from him, a police spokesman said.He said that Deputy Inspector General of Police Waqar Uddin Syed assigned special task to SP Industrial Area Zubair Ahmed Sheikh, to ensure...




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Another rape case raises questions about police handling heinous crimes

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Abbasi wants PM, Asad quizzed by sugar scam probe body

ISLAMABAD: Senior vice president of the main opposition Pakistan Muslim League-Nawaz (PML-N) Shahid Khaqan Abbasi has urged the commission of inquiry on the sugar scam to include Prime Minister Imran Khan and the then finance minister Asad Umar in the investigation to find out the truth.

Talking to reporters after appearing before the commission with another senior party leader and former minister Khurram Dastagir Khan here on Saturday, Mr Abbasi said he had told the commission there would be no worth of its report if it did not summon the prime minister and Mr Umar, the then chairman of the Economic Coordination Committee (ECC) that had allowed export of sugar despite knowing it was not available in stock.

“We do not talk politics. We have presented facts before the commission. If the prime minister and the [former] ECC chairman are not called [for interrogation] there will be no worth of the commission’s report,” said Mr Abbasi, who had served as prime minister after disqualification of Nawaz Sharif in July 2017 as a result of the Supreme Court’s verdict in Al-Azizia corruption case.

Mr Abbasi had himself written a letter to the commission and offered his services to it by sharing his experiences in probing the sugar scam. He had stated that he would inform the commission how sugar scandals developed in the light of his experience as a former chief executive of the country.

Mr Abbasi held the prime minister directly responsible for over Rs100 billion sugar scam, saying the inquiry commission should ask him the reason for allowing sugar export despite the fact that the commodity was not available in surplus in the country and for not taking any step to prevent increase in its price. He said the export continued for 16 months with 45 per cent increase in the sugar price in the country, but the government took no notice of it.

The former prime minister alleged that the sugar mill owners earned Rs30 per kilogram extra due to this decision of the government. He said the increase in sugar price proved the decisions of the cabinet and the ECC to export sugar were wrong.

“There can be three factors behind this wrong decision. Either the prime minister is incompetent or corrupt or he is both. The facts prove he is incompetent as well as corrupt and the people of Pakistan are paying the price for it,” he said.

Mr Abbasi said he had told the inquiry commission it would not be able to understand the issue until it would not summon the members of the cabinet and the ECC.

“Is it not a matter of conflict of interests?” he asked, alleging those who made billions through the sugar scam were part of the federal cabinet.

Mr Abbasi said it was a clear, open and shut case as facts showed sugar was exported against the advice of the relevant authorities and continued to be exported for 16 months while prices rose. He said not only that, the government also imposed a special tax on sugar import to ensure the rise in price and exploitation of the people.

Replying to a question, the former prime minister said when the PML-N had left the government in 2018, the sugar price was Rs54 per kg. He said the PML-N had also given huge subsidy of over Rs20bn and even allowed the export, but at the same time it kept check on its price and brought the price down.

Responding to another query, he said they had not given anything in writing or any document, but they were ready to do so, if asked. However, he said, the minutes of the meetings of the cabinet and the ECC would be sufficient as evidence.

The federal cabinet in its meeting on April 28 had allowed three more weeks to the Sugar Forensic Commission (SFC) to compile its report on last year’s food crisis after the expiry of the April 25 deadline given for the task.

The commission headed by Federal Investigation Agency (FIA) Director General Wajid Zia had reportedly made a formal request to the federal government to grant it more time citing multiple reasons, including the situation created by coronavirus.

The commission had been constituted by the government in the first week of April following the release of two separate inquiry reports of the FIA on the issue of artificial shortage of sugar and wheat in the country and sudden increase in their prices last year.

The inquiry report on sugar had revealed names of many bigwigs, including Jahangir Tareen, former secretary general of the ruling Pakistan Tehreek-i-Insaf and a close confidant of Prime Minister Imran Khan, who had allegedly obtained benefit during the crisis.

The report had showed in the past few years sugar production was historically more than the local requirement and said therefore it was imperative to include this aspect related to export of sugar, including any subsidy given, its impact on local sugar prices and eventually major beneficiaries of such export subsidies, if any. The inquiry committee had found the sugar export was not justified as sugarcane production was expected to be low in harvesting season 2018-19 and with the export of sugar in Jan 2019, the prices of sugar sharply increased.

After the release of the report, the opposition had demanded that the PM take stern action against those who had been declared responsible for the crisis by the FIA committee.

PM Khan had vowed to take action, but said he would do so after receiving the forensic audit report from the commission he had constituted on the recommendation of the ‘initial’ reports. The commission comprises officials from a number of agencies and departments, including Intelligence Bureau and the Federal Board of Revenue.

Published in Dawn, May 10th, 2020




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Iraq's new govt reaches out to October protesters

Iraq's new government promised Saturday to release demonstrators arrested during mass protests that erupted in October and pledged justice and compensation to relatives of over 550 people killed during that unrest.




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Three key U.S. coronavirus officials in self-quarantine after COVID-19 exposure

Three senior officials guiding the U.S. response to the coronavirus pandemic were in self-quarantine on Saturday after coming into contact with someone who had tested positive for the disease, their agencies and spokesmen said.




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Benchmark's Bill Gurley on writing "Above the Crowd"

Gurley explains the through process of his writing and what he hopes to achieve with it.