Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy 14 recommended0 commentsShareShareTweetSharePin it This sermon was delivered by Pastor Tara Beth Leach, Senior Pastor, First Church of the Nazarene of Pasadena, on Sunday, July 31, 2016. After graduating from Olivet Nazarene University in 2005 with a BA in Youth Ministry, Tara Beth has had the opportunity to serve in full-time ministry in various local churches. She has served in churches in Upstate New York and Naperville, IL, as both a Teaching Pastor and Youth Pastor, and most recently accepted a call to Pasadena First Church of the Nazarene (“PazNaz”) on May 22, 2016 as its new Senior Pastor. She is a student at Northern Theological Seminary where she also works as a Teaching Assistant for Scot McKnight. She is regular writer for Mission Alliance and has contributed to other publications such as Christian Week, The Jesus Creed, The Table Magazine, Reflecting the Image Devotional, Renovating Holiness, and most recently a chapter in The Apostle Paul and the Christian Life: Ethical and Missional Implications of the New Perspective with other contributors including N.T. Wright, James D.G. Dunn, Scot McKnight, and Bruce Longenecker. Her chapter is entitled “The Symphonic Melody: Wesleyan Holiness Theology Meets New Perspective Paul.” Tara Beth is also the author of the forthcoming InterVarsity Press book, Emboldened (2017) and a Beacon Hill Press book, Kingdom Culture (late 2016).Pastor Tara Beth Leach has two beautiful and rambunctious children, Caleb and Noah, and has been married to the love of her life, Jeff, for almost 10 years.First Church of the Nazarene of Pasadena, 3700 East Sierra Madre Boulevard, Pasadena, (626) 351-9631 or visit www.paznaz.org. Top of the News Subscribe First Heatwave Expected Next Week Community News Make a comment More Cool Stuff Sermons and Lessons Video: The Church on Mission Trusts Ruthlessly Delivered by PASTOR TARA BETH LEACH, Senior Pastor, First Church of the Nazarene of Pasadena Published on Tuesday, August 2, 2016 | 4:22 pm Herbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyThe Most Obvious Sign A Guy Likes You Is When He Does ThisHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeautyWhat’s Your Zodiac Flower Sign?HerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeauty Your email address will not be published. Required fields are marked * faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News Name (required) Mail (required) (not be published) Website Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Business News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena
$1,135 Interest expense, net 5,986.9 1,226,519 0% 16.7 274,480 241,581 Other $ 4,406,183 The TJX Companies, Inc. Reports Q4 and Full Year FY21 Results; Reports Above-Plan Q4 Overall Open-Only Comp Store Sales of Down 3%; Plans to Declare Quarterly Dividend at Current Rate in the First Quarter of Fiscal 2022 January 30,2021 3,272,193 0.92 Other Total TJX 30,813.6 (128.5) Thirteen Weeks Ended Australia 124,143 32,136,962 Fiscal 2021 TJX International (Europe & Australia) $2,225 TAGS 12,206,462 -2% 30,813.6 $7,402 90.5 47,163 2,224,758 February 1,2020 325,523 10,943,210 Selling, general and administrative expenses 90,470 Increase in net operating lease liabilities 312,233 16.9 41.2 TJX Canada +2% (1,418.3) Loss on early extinguishment of debt 3,272.2 CEO and President Comments Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, “As we report our 2020 results, I want to thank our global Associates for their extraordinary efforts during an unprecedented year. They pulled together and worked as ‘One TJX,’ and I am especially proud of their commitment to the health and safety protocols for our Associates and customers. I want to give special recognition to our store, distribution, and fulfillment center Associates who have been physically coming in to work to keep our business open. I could not be prouder of our teams around the world who achieved monumental tasks in the face of a global pandemic in 2020.” Herrman continued, “In terms of the business results, I am very pleased that our fourth quarter open-only comp store sales were down only 3%, exceeding our plans. Our brands, values, and exciting gift assortments resonated with customers, and we achieved these results despite numerous COVID-related headwinds. Overall open-only comp store sales improved each month of the quarter and were positive in January. Further, open-only comp store sales exceeded our plans across each of our divisions, including at HomeGoods which once again delivered a double-digit increase. We also saw continued strength in our home and beauty departments. As we start the new fiscal year, while uncertainty around COVID-19 remains, we feel very good about the strength of the business and our market share opportunities beyond the health crisis. We are convinced that our entertaining, treasure hunt shopping experience, our differentiated, branded merchandise selections, and value proposition will continue to resonate with consumers. We see many opportunities to leverage our flexible business model, gain more customers, and continue driving the successful growth of TJX for many years ahead.” Margins For the fourth quarter of Fiscal 2021, the Company’s consolidated pretax profit margin was 4.6%, which includes a 2.9 percentage point negative impact due to a debt extinguishment charge (described below) of $312 million. The Company’s merchandise margin was up versus the prior year. For the full year Fiscal 2021, the Company’s consolidated pretax profit margin was 0.3%, which includes a 1.0 percentage point negative impact due to a debt extinguishment charge (described below) of $312 million in the fourth quarter. Debt Extinguishment Charge On November 30, 2020, the Company completed the issuance and sale of $500 million aggregate principal amount of 1.15%, 7.5-year notes and $500 million aggregate principal amount of 1.60%, 10.5-year notes. The Company used the proceeds to fund its cash tender for $364.50 million of its 4.50% notes and $754.15 million of its 3.875% notes on December 4, 2020, prior to their scheduled maturities of April 15, 2050 and April 15, 2030 respectively. The total charge for the early extinguishment of this debt reduced fourth quarter and full year Fiscal 2021 pretax income by $312 million. Cash and Dividend Update The Company generated $4.6 billion of operating cash flow for the full year Fiscal 2021 and ended the year with $10.5 billion of cash. The Company declared a quarterly dividend in the fourth quarter of Fiscal 2021 at an increased rate of $.26 per share. This represented a 13% increase in the per share dividend compared to the Company’s previous dividend paid in March 2020. The Company expects to declare a dividend of $.26 per share in the first quarter quarter of Fiscal 2022, subject to Board approval. Temporary Store Closings The Company currently has approximately 690 stores that are temporarily closed due to government mandates in response to the COVID-19 global pandemic. The vast majority of these stores are located in Europe, where the Company expects stores will be temporarily closed for an estimated 67% of the first quarter of Fiscal 2022. In total, based on restrictions currently in place, the Company expects its stores to be closed for approximately 11% of the first quarter of Fiscal 2022. All of the Company’s e-commerce businesses remain open, including tkmaxx.com in the U.K. Open-Only Comp Store Sales Due to the temporary closing of stores as a result of the COVID-19 global pandemic, the Company’s historical definition of comp store sales is not applicable this quarter and for Fiscal 2021. In order to provide a performance indicator for its stores as they reopen, the Company has been temporarily reporting a new sales measure: open-only comp store sales. Open-only comp store sales includes stores initially classified as comp stores at the beginning of Fiscal 2021 that have had to temporarily close due to the COVID-19 pandemic. This measure reports the sales increase or decrease of these stores for the days the stores were open in the current period against sales for the same days in the prior year. Sales by Business Segment The Company’s open-only comp store sales and net sales by division, in the fourth quarter and full year, were as follows: -7% 22,839 24,145.0 Inventory Total inventories as of January 30, 2021, were $4.3 billion, compared with $4.9 billion at the end of the prior fiscal year. Overall product availability in the marketplace remains excellent and the Company continues to focus its buying towards the categories that have had the strongest demand. The Company is well positioned to deliver a fresh assortment of merchandise to its stores and e-commerce sites throughout the spring season. Outlook For the first three weeks of the first quarter of Fiscal 2022, overall open-only comp store sales trends were better than the fourth quarter of Fiscal 2021, despite unfavorable weather in the U.S. In the periods before and after the unfavorable weather, overall open-only comp store sales were positive. In the first quarter of Fiscal 2022, the Company expects total sales, pretax margin, and earnings per share to be negatively impacted from the temporary store closings described above. Due to the continued uncertainty of the current environment and the difficulty in forecasting the impact of the global pandemic on temporary store closures and consumer behavior, demand, and traffic, the Company is not providing financial guidance at this time. Stores by Concept During the fiscal year ended January 30, 2021, the Company increased its store count by 43 stores to a total of 4,572 stores and increased square footage by 1% over the same period last year. The Company’s slower pace of store growth in Fiscal 2021 was due to a reduction of capital spending in response to the global pandemic. The majority of new store openings planned for Fiscal 2021 were delayed until Fiscal 2022. 32% 0.23 (278.3) Purchase of investments 3.3 Total segment profit $6,921 (1,552.0) 89,263 Winners Cost of sales, including buying and occupancy costs $ 34.8 $4,031 949.2 10,803.7 1,717,754 (1,071.6) TJX January 30,2021 Europe 89,263 1 Open-only comparable store sales outside the U.S. calculated on a constant currency basis, which removes the effect of changes in currency exchange rates. 2 Open-only comparable store sales exclude e-commerce sites (tjmaxx.com, marshalls.com, sierra.com, and tkmaxx.com) and include Sierra stores. 3 Net sales in TJX Canada and TJX International include the impact of foreign currency exchange rates. 4 Figures may not foot due to rounding. 5 Combination of T.J. Maxx and Marshalls. 6 Net sales include Sierra’s e-commerce and store sales. 7 Includes Homesense stores in the U.S. (200,315) (568.0) $25,665 Federal, state and foreign income taxes recoverable — $6,096 Pinterest 7.7 217.4 $3,842 $ Loss on early extinguishment of debt 1,273 (1,000.0) — 749.7 (296.5) 2,135,329 Fourth QuarterNet Sales ($ in millions) 3,4 Shareholders’ equity Accounts receivable and other current assets Net income 0.26 821 18.8 0.26 34 Cash dividends paid 48 1.0 6,096,237 307,081 0.81 FY21 54 Fifty-Two Weeks Ended $1,718 961,045 $ Cash dividends declared per share Homesense End HomeSense 4,561.9 83.8 Decrease (increase) in income taxes recoverable $ Beginning $12,206 (201.5) $ 2.7 1,411.2 Cash and cash equivalents at beginning of year 32,136,962 +12% 41,716,977 $837 4,066.7 13% 78 FRAMINGHAM, Mass.–(BUSINESS WIRE)–Feb 24, 2021– The TJX Companies, Inc. (NYSE: TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced sales and operating results for the fourth quarter ended January 30, 2021. Net sales for the fourth quarter of Fiscal 2021 were $10.9 billion. Overall open-only comp store sales (defined below) were down 3% versus last year. Net income for the fourth quarter was $326 million. Diluted earnings per share were $.27, which includes a debt extinguishment charge (described below) of $.18 per share. The Company’s higher tax rate in the fourth quarter of Fiscal 2021 resulted in a decrease in earnings per share of $.05 compared to the prior year. The higher tax rate was primarily due to the Company shifting to a year-to-date net income position in the fourth quarter and the related impact of the jurisdictional mix of profits and losses. The Company’s results for the fourth quarter of Fiscal 2021 were negatively impacted by the temporary closure of some of its stores due to the COVID-19 global pandemic. Although the Company’s stores in the U.S. were generally open the entire fourth quarter, stores in Europe were closed for approximately 63% of the fourth quarter and stores in Canada were closed for about 32% of the quarter. In total, the Company had stores closed for approximately 13% of the fourth quarter due to the COVID-19 global pandemic (see table below). The Company estimates that these European and Canadian closures may have resulted in approximately $950 million to $1.05 billion in lost sales during the fourth quarter of Fiscal 2021. This range of estimated lost sales assumes all European and Canadian stores operated at similar open-only comp store sales trends as the third and fourth quarters of Fiscal 2021, respectively. Based on management’s estimate of profit dollars on this range of lost sales, the Company estimates that fourth quarter Fiscal 2021 earnings per share were negatively impacted by approximately $.18 to $.21. For the full year Fiscal 2021, net sales were $32.1 billion. Fiscal 2021 overall open-only comp store sales were down 4% versus last year. Net income was $90 million. Diluted earnings per share were $.07, which includes a debt extinguishment charge (described below) of $.19 per share. The Company’s results for Fiscal 2021 were negatively impacted by the temporary closure of its stores for approximately 24% of the year due to the COVID-19 global pandemic (see table below). Q4 FY21 and Full Year Fiscal 2021 Store Closures by Region (in percent of store days closed) Net cash provided by (used in) financing activities (2,414.9) T.K. Maxx (1,462.0) (42.9) 0.9 Payments on revolving credit facilities 0.9 TJX Canada FY2021 680,520 TJX Canada End 5,325.0 (93.2) 0.27 — 19.1 (34.2) 25,664,805 $ — 9,060.3 In the United States: $961 Weighted average common shares – diluted (3.2) Sales and maturities of investments 32.4 $ About The TJX Companies, Inc. The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. As of January 30, 2021, the end of the Company’s fiscal year, the Company operated a total of 4,572 stores in nine countries, the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, and four e-commerce sites. These include 1,271 T.J. Maxx, 1,131 Marshalls, 821 HomeGoods, 48 Sierra, and 34 Homesense stores, as well as tjmaxx.com, marshalls.com, and sierra.com in the United States; 280 Winners, 143 HomeSense, and 102 Marshalls stores in Canada; 602 T.K. Maxx and 78 Homesense stores, as well as tkmaxx.com, in Europe; and 62 T.K. Maxx stores in Australia. TJX’s press releases and financial information are available at TJX.com. Fourth Quarter and Full Year Fiscal 2021 Earnings Conference Call At 11:00 a.m. ET today, Ernie Herrman, Chief Executive Officer and President of TJX, will hold a conference call to discuss the Company’s fourth quarter and full year Fiscal 2021 results, operations, and business trends. A real-time webcast of the call will be available to the public at TJX.com. A replay of the call will also be available by dialing (866) 367-5577 (U.S. only) or (203) 369-0233 through Wednesday, March 3, 2021, or at TJX.com. Important Information at Website Archived versions of the Company’s conference calls are available in the Investors section of TJX.com after they are no longer available by telephone, as are reconciliations of non-GAAP financial measures to GAAP financial measures and other financial information. The Company routinely posts information that may be important to investors in the Investors section at TJX.com. The Company encourages investors to consult that section of its website regularly. Forward-looking Statement SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: execution of buying strategy and inventory management; operational and business expansion and management of large size and scale; customer trends and preferences; various marketing efforts; competition; economic conditions and consumer spending; the ongoing COVID-19 global pandemic and associated containment and remediation efforts; labor costs and workforce challenges; personnel recruitment, training and retention; data security and maintenance and development of information technology systems; corporate and retail banner reputation; quality, safety and other issues with our merchandise; compliance with laws, regulations and orders and changes in laws, regulations and applicable accounting standards; serious disruptions or catastrophic events and adverse or unseasonable weather; expanding international operations; merchandise sourcing and transport; commodity availability and pricing; fluctuations in currency exchange rates; fluctuations in quarterly operating results and market expectations; mergers, acquisitions, or business investments and divestitures, closings or business consolidations; outcomes of litigation, legal proceedings and other legal or regulatory matters; disproportionate impact of disruptions in the second half of the fiscal year; cash flow; inventory or asset loss; tax matters; real estate activities; and other factors that may be described in our filings with the Securities and Exchange Commission. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized. 32 Net sales: 12.7 Depreciation and amortization 32.4 TJX Canada Sierra 38% Other assets 5,948.2 $41,717 Income before income taxes 2,236.6 -4% February 1,2020 U.S. 36.2 3,053 January 30,2021 — Income before income taxes $ 2.6 24,533,815 1,214,703 Payments of long-term debt and extinguishment expenses Share-based compensation 5,332.9 3,066.5 (182,615) 7,454,988 $ 7,882,575 5,664,996 $ 1,207 Current assets: $ -4% Property additions TJX 3,053 -7% — $ 1.5 The TJX Companies, Inc. and Consolidated Subsidiaries Financial Summary (Unaudited) (In Thousands Except Per Share Amounts) Net cash provided by operating activities Loss on property disposals and impairment charges 7.6 By Digital AIM Web Support – February 24, 2021 $ 3,228.3 $ 1,326,275 3,216.8 Canada TJX 3,030.2 1,219,365 $ 588.8 Deferred income tax (benefit) TJX International 63% ASSETS $ The TJX Companies, Inc. and Consolidated Subsidiaries Condensed Statements of Cash Flows (Unaudited) (In Millions) Beginning 62 10,469.6 169,209 Local NewsBusiness (42.4) 754.3 Merchandise inventories 4,972,954 515,559 Current portion of long-term debt $ Other long-term liabilities Total current assets Facebook 8,890.7 (6.2) The TJX Companies, Inc. and Consolidated Subsidiaries Selected Information by Major Business Segment (Unaudited) (In Thousands) $1,952 1,951,658 3,216.8 29,845,780 Goodwill 99.0 1,326,275 (23.4) Marmaxx 8,990.0 TOTAL ASSETS — 2 Square feet figures may not foot due to rounding. -8% 1% $ Current liabilities: 5,832.7 $ 4,406,183 46 Net increase in cash and cash equivalents Fifty-Two Weeks Ended — 23% 1.0 (1,133,990) Non-current deferred income taxes, net Store Locations 1 — 4,823.4 Total current liabilities 280 7,150.3 Cash and cash equivalents Accounts payable Twitter 2,836,088 $ 4,872.6 $ HomeGoods (230.7) Long-term debt $ FY21 3,553.0 180,734 Full YearOpen-Only CompStore Sales1,2 5,036.1 2,672.6 Marmaxx 29.6 24,145.0 $6,356 867.3 4,529 HomeGoods 1,271 24% 509,562 37.2 1,219,479 1 Store counts above include both banners within a combo or a superstore. Includes stores that were or are temporarily closed due to COVID-19. In Canada: 312,233 Operating lease right of use assets T.J. Maxx $ 10,026 Net income 7.4 16.1 18.5 Gross Square Feet 2 FY2020 February 1,2020 58.5 125.0 (28.8) Payments for debt issuance expenses (60.1) Decrease (increase) in merchandise inventories 1,134,689 8,741,805 1,677.6 $ 7,816.6 312.2 $2,836 29.3 $ The TJX Companies, Inc. and Consolidated Subsidiaries Condensed Balance Sheets (Unaudited) (In Millions) 78 FY2021 Long-term operating lease liabilities 20% — HomeGoods (U.S.) 7 $ 7,743.2 $ Net cash (used in) investing activities TJX International (Europe & Australia) +13% FY2020 (1,223.1) 851.1 $ General corporate expense 142.2 In Europe: 130,046 Pinterest Cash and cash equivalents at end of year $ 121.6 $ Net property at cost 64,778 $ 232.1 896.1 1.3 $10,943 View source version on businesswire.com:https://www.businesswire.com/news/home/20210224005570/en/ CONTACT: The TJX Companies, Inc. Debra McConnell Global Communications (508) 390-2323 KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FASHION OTHER RETAIL COSMETICS RETAIL SPECIALTY SOURCE: The TJX Companies, Inc. Copyright Business Wire 2021. PUB: 02/24/2021 07:33 AM/DISC: 02/24/2021 07:33 AM http://www.businesswire.com/news/home/20210224005570/en 1,021,267 97 T.K. Maxx (Provision) benefit for income taxes WhatsApp 637.3 $ Total net sales Thirteen Weeks Ended In the U.S.: (Increase) in accounts receivable and other assets Q4 FY21 Proceeds from issuance of common stock 1,130 Investment in Familia Diluted earnings per share 2,193,101 (230.2) Marmaxx (U.S.) 5,6 January 30,2021 15,739.3 2,111.2 10,469.6 In Australia: 128,738 439,037 508,138 $32,137 7,252.8 186.6 Marshalls 120.7 Marmaxx (U.S.) 5,6 312,233 $ TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY Marshalls HomeGoods (U.S.) 7 102 (29.3) 1.2 3,469,794 3.1 10,026 HomeGoods Proceeds from long-term debt including revolving credit facilities Effect of exchange rate changes on cash Net sales 1,063.9 Homesense $ 7,402,361 $ 19,362,573 594 2.67 6,920,701 3,216.8 LIABILITIES AND SHAREHOLDERS’ EQUITY Other 6,355,770 — $ CASH FLOWS FROM FINANCING ACTIVITIES: Region 4,031,406 809 $ 180,734 — 34.9 CASH FLOWS FROM INVESTING ACTIVITIES: 773.5 10,943,210 $ 3,842,064 (in millions) $ $ Segment profit (loss): 200.2 508,138 4,337.4 Increase in accounts payable 835,308 Fifty-Two Weeks Ended 12,206,462 Facebook 891,180 $ January 30,2021 29% Increase in accrued expenses and other liabilities 870.8 (341,485) 4,572 Accrued expenses and other current liabilities 602 1,131 January 30,2021 (503,618) TJX International February 1,2020 The TJX Companies, Inc. and Consolidated Subsidiaries Notes to Consolidated Condensed StatementsIn December 2019, a novel coronavirus (“COVID-19”) emerged and spread worldwide. The World Health Organization declared COVID-19 a pandemic in March 2020, resulting in federal, state and local governments and private entities mandating various restrictions, including travel restrictions, restrictions on public gatherings, stay at home orders and advisories and quarantine or isolation protocols for those who may have been exposed to the virus. In March 2020, the Company temporarily closed all of its stores, its online businesses, its distribution centers and its offices, with Associates working remotely where possible. In May 2020, the Company began reopening stores and by the end of the second quarter, more than 4,500 of the Company’s worldwide stores, and each of its online businesses had reopened. In response to increasing cases of COVID-19 a number of our stores have temporarily closed again. As of February 23, 2021, the Company had approximately 690 stores temporarily closed in Europe and Canada due to local government mandates in response to the ongoing global pandemic. The vast majority of these stores are located in Europe, and the Company expects these stores will temporarily be closed for a significant portion of the first quarter of Fiscal 2022. The Company’s tkmaxx.com e-commerce business in the U.K. remains open. These and other factors have had and may continue to have a material impact on our business, results of operations, financial position and cash flows.The Company has taken several steps to further strengthen our financial position and balance sheet, and maintain financial liquidity and flexibility, including suspending our share repurchase program, reviewing operating expenses, evaluating, and in some cases, extending merchandise payment terms, reducing capital expenditures, negotiating rent deferrals for a significant number of stores and not declaring a dividend in the first nine months of fiscal 2021. In April 2020 the Company issued $4.0 billion in aggregate principal long-term debt. In August 2020, the Company increased its borrowing capacity under revolving credit facilities with a new $500 million facility, making a total of $1.5 billion available to the Company. Additionally, during the fourth quarter, the Company issued $1.0 billion in aggregate long-term debt and accepted for purchase $1.1 billion in combined aggregate principal amount of certain of its notes issued on April 1, 2020 pursuant to cash tender offers. The Company paid $1.4 billion aggregate consideration (including transaction costs) and recorded a $312 million pre-tax loss on the early extinguishment for the accepted notes.While the Company’s Board of Directors did not declare a dividend in the first nine months of fiscal 2021, the Board of Directors declared a dividend of $0.26 per share in the fourth quarter of fiscal 2021, payable in March 2021.Prior to the suspension of the share buyback program during the first quarter of fiscal 2021, TJX repurchased and retired 3.2 million shares of its common stock at a cost of $190 million on a “trade date” basis. TJX records the repurchase of its stock on a cash basis, and the amounts reflected in the financial statements may vary from the above amounts due to the timing of settlement of repurchases. As of January 30, 2021, the Company had approximately $3.0 billion available under previously announced stock repurchase programs. February 1,2020 (578.6) 41,716,977 932,312 1,498,537 984,790 $ 10.7 Fourth QuarterOpen-Only CompStore Sales1,2 279 Full YearNet Sales ($ in millions) 3,4 556,745 Loss on early extinguishment of debt 836,706 7,020,917 312,233 998,172 Interest expense, net 47,163 137 (29.1) -3% 1.5 47.0 95.5 $19,363 Current portion of operating lease liabilities 211.2 $ CASH FLOWS FROM OPERATING ACTIVITIES: February 1,2020 In the United States: 0.07 143 Payments for repurchase of common stock Twitter $5,665 WhatsApp Previous article$14.5 Billion Worldwide Medical Gases and Equipment Industry to 2027 – Impact of COVID-19 on the Market – ResearchAndMarkets.comNext articleGlobal $79.23 Bn Regenerative Medicine Markets, Analysis 2015-2019 & Forecasts 2020-2026 – ResearchAndMarkets.com Digital AIM Web Support
News Updates’Not Unusual That A Girl Of 16 Years Falls In Love With A Boy Aged 24 Years Or Vice Versa’ : HP High Court Grants Bail In POCSO Case LIVELAW NEWS NETWORK15 Feb 2021 7:14 AMShare This – xThe Himachal Pradesh High Court recently granted bail to a 24 year old youth, who was accused in a POCSO case for having sexual intercourse with a girl aged 16 years.A single bench of Justice Anoop Chitkara noted that the accused, who has been under custody for over three months, was romantically involved with the girl. Even the girl “was bold enough to declare that she was in love with…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 Himachal Pradesh High Court recently granted bail to a 24 year old youth, who was accused in a POCSO case for having sexual intercourse with a girl aged 16 years.A single bench of Justice Anoop Chitkara noted that the accused, who has been under custody for over three months, was romantically involved with the girl. Even the girl “was bold enough to declare that she was in love with the accused”, the Court observed.”When her parents asked her to return home, she refused to go with thembecause she was in love with the petitioner. The girl’s unequivocal declaration abouther passion for the boy is not an ordinary activity for a young girl in a Hindu rural society”, the Court observed.”The boy is aged 24 years, whereas the girl is aged 16. Even though the age gap between them is enormous, this is probably because of social background. Families arrange marriages in the Indian social setup. In such arrangements, mostly, the bride is younger than the groom, sometimes with a considerable age gap. The children also notice that their father is older than their mother. Such social settings might be a catalyst for a girl to fall in love with a more senior boy. Even otherwise, it is not unusual that a girl aged 16 years of age falls in love with a boy aged 24 years or vice versa. Love is indeed blind. Undoubtedly, he should not have had coitus with the victim, but allegedly still, he went ahead with it. It is also beyond any comprehension that he should have refrained from caressing, fondling, and talking of the penetrative act. Undoubtedly, due to the lack of an appropriate curriculum on sex education in schools, people do not know what is legally prohibited. It is for the Executive to think about sex education. However, it is a policy matter for the policymakers to consider, and this Court refrains from commenting upon it”, the Court further observed.The Court noted that the age of consent for sex has been made 18 years with the enactment of the POCSO Act and that a child under 18 years of age cannot consent, then how much mature, intelligent, or informed she may be. It said: “Until 19th June 2012, when the Government notified POCSO, and till 1st April 2013, when the Government notified IPC amendments, the age of consent was 16 years. It is common knowledge that today’s generation is far ahead then what they were in the 20th century. Availability of smartphones and better access to internet has brought all knowledge instantly to their palms. Be that as it may, in a democracy, the Legislative wisdom reflects the people’s will. In this backdrop, the Courts have to be overly concerned. When the legislature says that a child under 18 years of age cannot consent, then how much mature, intelligent, or informed a child maybe, she cannot consent”.The court observed that it is not a case of forcible sexual relationship; instead, the victim surrendered to the petitioner’s physical desires out of her love and affection towards him. Therefore, the Court proceeded to allow his bail application.”The victim’s boldness to declare her passion towards the petitioner in the presence of her father and Police speaks volumes. Further, she also told them explicitly that she left her home out of her own free will and refused to go back with her father. These facts point out that the victim, being 16 years of age, though a minor, voluntarily left her home.Therefore, the rigors to reject bail and reasons to continue incarceration are reduced by the mitigating factors in the present case”, the Court said.The Court also remarked that people do not know what is legally prohibited due to the lack of an appropriate curriculum on sex education in schools.”It is for the Executive to think about sex education. However, it is a policy matter for the policymakers to consider, and this Court refrains from commenting upon it”, Justice Anoop Chitkara observed.In this case, the girl’s father had lodged the complaint before the Police that the accused kidnapped and raped his minor daughter. Based on this complaint, FIR was lodged against him and he was arrested. While considering the bail application, the court noted that neither S. 376 of the Indian Penal Code (IPC), nor S. 6 of the Protection of Children from Sexual Offences Act (POCSO) create any restriction on grant of bail.”If the legislature intended to bar bails altogether, then nothing had stopped them from making a similar bar as they put in place vide S. 37 of the Narcotics Drugs and Psychotropic Substances Act, 1985, (NDPS) or for S. 438 under Scheduled Caste and Scheduled Tribe (Prevention of Atrocities) Act, 1989, (SCSTPOA)”, the court said. The court noticed that the girl had declared that she was in love with the accused. The bench made the following observations”Kidnapping and rape are indeed very heinous offences. However, at the bail stage, the Court has to consider prima facie under what circumstances the offence is committed by the accused. Considering the same, the Court believes that the petitioner has made out a case for bail, and his further incarceration is uncalled for”, the Court said..Recently, the Madras High Court opined about the need to amend the POCSO Act to exempt the acts of adolescents entering into sexual relations with each other.”It is high time that the legislature takes into consideration cases of this nature involving adolescents involved in relationships and swiftly bring in necessary amendments under the Act. The legislature has to keep pace with the changing societal needs and bring about necessary changes in law and more particularly in a stringent law such as the POCSO Act”, the Madras HC observed.Click here to Read/Download OrderRead OrderSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story
Pinterest Carndonagh Harvard Professor leads North West City Region project Google+ Facebook Atlas for a City Region, an 18 month research project is to investigate how cross-border landscape will be shaped by the economic, political and social realities of Brexit.The project has been commissioned by Donegal County Council and Derry City and Strabane District Council under the auspices of the North West Regional Development Group.As part of the research project, Carndonagh native, Gareth Doherty, Assistant Professor at Harvard University’s Graduate School of Design will lead two groups of students on a tour of the North West City region in March.The prject which is supported by LYIT, ICLRD and Ulster University will examine how the region will evolve over time, taking into account both the short-term impact of Brexit as well as having a longer term perspective.Mr Doherty says Atlas for a City Region will design a range of scales from small urban spaces to the design of the region itself and aims to demonstrate how landscape architecture can be instrumental in shaping the landscape and political landscape. Google+ Journey home will be easier – Paul Hegarty WhatsApp Pinterest Arranmore progress and potential flagged as population grows Facebook Homepage BannerNews Twitter WhatsApp Important message for people attending LUH’s INR clinic DL Debate – 24/05/21 Twitter Harps come back to win in Waterford RELATED ARTICLESMORE FROM AUTHOR Previous articleJobs created by Local Enterprise Office Donegal up 19%Next articleTanaiste to visit North West for special Brexit meeting News Highland By News Highland – February 19, 2019 News, Sport and Obituaries on Monday May 24th
DL Debate – 24/05/21 Google+ News, Sport and Obituaries on Monday May 24th Pinterest WhatsApp Facebook Google+ WhatsApp Independent Councillor Niamh Kennedy has just been confirmed as Leas Cathaoirleach of Donegal County Council for the coming year.She replaces Fine Gael Councillor Martin Harley.Councillor Kennedy joins fellow Independent Councillor Nicholas Crossan as Cathaoirleach. Facebook Loganair’s new Derry – Liverpool air service takes off from CODA Twitter Pinterest Cllr Niamh Kennady confirmed as Leas Cathaoirleach Homepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Previous articleIndependent Nicholas Crossan elected CathaoirleachNext articleDCC to set up 6 committees at today’s AGM News Highland By News Highland – June 7, 2019 Nine til Noon Show – Listen back to Monday’s Programme Arranmore progress and potential flagged as population grows Twitter Important message for people attending LUH’s INR clinic
Publicans in Republic watching closely as North reopens further Loganair’s new Derry – Liverpool air service takes off from CODA Google+ WhatsApp Google+ Important message for people attending LUH’s INR clinic Pinterest Gardai in Letterkenny are currently reviewing CCTV following a report of an attempted robbery and assault of two children.The incident occurred on the Pearse Road area of Letterkenny on Saturday morning last shortly before 11am.The young boys alleged that they were assaulted during the attempted robbery by another male believed to be in his early teens.Garda Niall McGuire described it as a sustained attack:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/05/pearsrdattack.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest Previous article25 people awaiting in-patient beds at LUHNext articleGardai not ruling out fire being started deliberately at former school News Highland By News Highland – May 21, 2019 Community Enhancement Programme open for applications AudioHomepage BannerNews WhatsApp Facebook Nine til Noon Show – Listen back to Monday’s Programme Two children assaulted during attempted robbery in Letterkenny Arranmore progress and potential flagged as population grows
FBI(ARLINGTON, Mass.) — The FBI is offering a reward of up to $20,000 for information leading to the arrest of the person or persons who set fire to two Jewish centers in Massachusetts within a span of five days.On May 11, around 11 p.m. local time, authorities were alerted to a fire at the Chabad Center for Jewish Life of Arlington-Belmont in Arlington, Massachusetts. On May 16, just before 9 p.m. local time, authorities responded another blaze at the same center.About an hour later on that same night, authorities were alerted to a fire at the Chabad Lubavitch Jewish Center in Needham, Massachusetts, according to the FBI.At the time of the incidents, surveillance cameras captured an unknown man slowly walking to and from the locations where the flames ignited.The man, described as being about 5 feet, 11 inches tall, appears to be wearing khaki pants and a dark North Face jacket with a hood pulled over his head, according to the FBI.The FBI, along with state and local authorities, released the footage and announced the monetary reward on Tuesday in hopes the public can help identify the individual who may have information relevant to the investigation.“Although surveillance video has given us a promising start to this investigation, it will be the public’s eyes that help us bring justice home to them,” Joseph Bonavolonta, special agent in charge of the FBI’s Boston division, said in a statement Tuesday. “So if you recognize the individual in these videos, please contact us immediately.”Copyright © 2019, ABC Radio. All rights reserved.
narvikk/iStockBy MORGAN WINSOR, EMILY SHAPIRO and IVAN PEREIRA, ABC News(NEW YORK) — A pandemic of the novel coronavirus has now killed more than 1.2 million people worldwide.Over 51.5 million people across the globe have been diagnosed with COVID-19, the disease caused by the new respiratory virus, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. The actual numbers are believed to be much higher due to testing shortages, many unreported cases and suspicions that some national governments are hiding or downplaying the scope of their outbreaks. The criteria for diagnosis — through clinical means or a lab test — has also varied from country to country.Since the first cases were detected in China in December, the virus has rapidly spread to every continent except Antarctica. The United States is the worst-affected nation, with more than 10.2 million diagnosed cases and at least 239,896 deaths.Nearly 200 vaccine candidates for COVID-19 are being tracked by the World Health Organization, at least 10 of which are in crucial phase three studies. Of those 10 potential vaccines in late-stage trials, there are currently five that will be available in the United States if approved.Here’s how the news developed Wednesday. All times Eastern:Nov 11, 10:46 pmPfizer vaccine temperature requirements ‘greatest drug distribution challenge’ yet, experts sayShould it be authorized, Pfizer’s coronavirus vaccine needs to be kept at extremely cold temperatures — which could pose a challenge in distributing doses across the country, pharmaceutical experts said Wednesday on ABC News Live Prime.The freezers needed to properly store Pfizer’s vaccine at around minus 70 degrees Celsius are “almost like unicorns in health care — they’re far and hard to find,” Soumi Saha, senior director of pharmacy consulting company Premier, Inc., told ABCNL.“[It’s] the coldest that any vaccine or any drug has ever been required to be stored at,” Saha said. “And so this is going to be the greatest drug distribution challenge that our country has ever faced because of the unique circumstances around the temperature requirement.”Keeping Pfizer’s vaccine stable when distributing it in rural communities might pose another challenge, according to Azra Behlim, senior director of pharmacy sourcing and program services at Vizient.“That is going to be a lot more difficult, because now we need to find a way to maintain that temperature while we are driving it out 20 or 50 miles in order to do an inoculation,” Behlim told ABCNL.Earlier this week, Pfizer and partner Biotech announced that their vaccine was “found to be more than 90% effective in preventing COVID-19” based on an early analysis that included 94 confirmed cases of COVID-19 in trial participants. More safety data is needed prior to authorization.Pfizer has committed to produce globally up to 50 million vaccine doses in 2020 and up to 1.3 billion doses in 2021.The company will distribute vaccine doses in special temperature-controlled thermal boxes packed with dry ice. Most will go from its Kalamazoo, Michigan, site directly to places where the vaccines are needed.Upon reaching their destination, the doses can be repacked with dry ice and stored for up to 15 days, stored in normal refrigerators for up to five days or kept in ultra-low-temperature freezers for up to six months. These freezers are typically only available at large medical centers.Nov 11, 8:14 pmUS sets new record in daily casesThe U.S. reported a record 144,270 daily COVID-19 cases on Wednesday, according to The COVID Tracking Project.It marked the first time the number of new cases nationally crossed 140,000. The figure also broke a record set the day before by more than 13,000 cases, based on data from the tracker.There were 1,421 deaths due to COVID-19 reported on Wednesday.Nov 11, 6:36 pmOhio governor announces new mask requirements, restrictions on social gatheringsAs Ohio sees record numbers of new COVID-19 cases and hospitalizations, Gov. Mike DeWine issued new requirements around mask-wearing and restrictions on social gatherings, including dancing.“Now we have been warned that when it got colder and drier and people were indoors more, the virus would rise up again,” DeWine said during a televised address to Ohioans Wednesday evening. “It certainly has. This surge is much more intense, widespread and dangerous.”Every single county in Ohio has a high rate of virus spread, the governor said, and on Tuesday the state reported its highest number of new COVID-19 cases, with 6,508. Hospitalizations, including the number of patients in intensive care units, have also reached record levels, he said.To help curb the spread of the virus, DeWine announced that the state’s mask mandate will be reissued on Wednesday with three additional provisions: Each business will be required to post a face-covering requirement sign at all public entrances to the store; each store will be responsible for ensuring customers and employees are wearing masks; and a new retail compliance unit will inspect businesses to ensure compliance of the mask order.A first violation will result in a written warning, while a record will result in the closure of the store for up to 24 hours, the governor said.“Most retail businesses have done a good job providing a safe place for their employees to work and for their customers to shop. However, it’s clear that there is some businesses where mask-wearing simply lacking,” he said.“We must do this to protect our front-line workers,” he said.The governor also announced “significant restrictions” on social gatherings that will be issued in the next few days, following “rapid spread” of the virus due to events like wedding receptions and funerals.Under the forthcoming order, “open congregate areas can no longer be open,” he said, and people need to be seated and wear masks unless eating or drinking. The order also prohibits activities like dancing and games, he said.DeWine warned that restaurants, bars and fitness centers may be forced to close if the current trajectory continues. The state will be revisiting a decision on those businesses on Nov. 19, he said. The governor also pleaded with the public to refrain from hosting and attending gatherings, and to avoid celebrating Thanksgiving with those outside your household or bubble. “We just need to avoid any unnecessary additional risk right now,” he said.Nov 11, 4:40 pmCalifornia reports 42.7% weekly increase in casesCalifornia is experiencing a 42.7% weekly increase in COVID-19 cases.California has over 984,000 confirmed cases and at least 18,070 fatalities, according to state data.The seven-day positivity rate stands at 4.3%.Nov 11, 4:15 pmPassenger on 1st Caribbean cruise tests positiveA passenger on board the first cruise to set sail in the Caribbean since the spring has tested positive for the coronavirus, according to The Points Guy (TPG) and another passenger. The ship is now headed back to Bridgetown, Barbados, where it originated on Saturday. All passengers were tested before arriving in Barbados and before boarding on Saturday. According to TPG, the passenger felt ill Wednesday and tested positive. All 53 passengers are now quarantined in their rooms.The cruise line did not immediately respond to ABC News’ request for comment. ABC News’ Sam Sweeney contributed to this reportNov 11, 3:50 pmPolicyLab forecasts ‘substantial growth’ in Northeast, Mid-AtlanticHospitalizations, intensive care unit admissions and ventilator use are now increasing throughout all 50 states, according to the new weekly report from PolicyLab at Children’s Hospital of Philadelphia.In four states — Montana, New Mexico, North Dakota and South Dakota — COVID-19 patients are occupying 50% or more of ICU beds.PolicyLab said it’s “forecasting substantial growth” in cases in the Northeast and Mid-Atlantic in the next four weeks.PolicyLab added, “We project that major cities in California will have significant case growth into mid-December, as will Portland and Seattle.”ABC News’ Brian Hartman contributed to this reportNov 11, 3:13 pmWhite House political director, 2 other aides test positiveWhite House political director Brian Jack and at least two other White House aides have tested positive for COVID-19, sources familiar with the matter told ABC News.At least 12 people in President Donald Trump’s orbit have tested positive since White House chief of staff Mark Meadows tested positive one week ago.ABC News’ John Santucci and Katherine Faulders contributed to this reportNov 11, 3:03 pmMaryland vs Ohio state football game canceled due to ‘elevated’ casesThis Saturday’s football game between Maryland and Ohio State has been canceled “due to an elevated number of COVID-19 cases” on Maryland’s team, the school announced.In the last week, eight football players have tested positive, the school said.“The responsible thing for us to do is pause football activities,” Athletics Director Damon Evans said.The game will not be rescheduled, Maryland said. Four other games featuring ranked teams, including No. 1 Alabama, have been postponed this weekend due to COVID-19 outbreaks.Nov 11, 2:29 pmNY restaurants, bars to close at 10 pmRestaurants, bars and gyms in New York will close at 10 p.m. each night beginning this Friday, Gov. Andrew Cuomo said, citing those locations as “main spreaders” of COVID-19.Cuomo also said no more than 10 people are allowed in a private home for gatherings.The statewide positivity rate stands at 2.9%.ABC News’ Aaron Katersky contributed to this reportNov 11, 12:53 pmBroadway will be part of Macy’s TV-only Thanksgiving paradeBroadway will be back for one day as a part of Macy’s TV-only Thanksgiving Day parade. Participating in the televised event will be: “Hamilton,” “Mean Girls,” “Jagged Little Pill” and “Ain’t Too Proud – The Life and Times of The Temptations.” The parade telecast will also include pre-taped performances from representatives of groups including the New York City Pride March, the New York City Ballet, the West Point Marching Band and the National Puerto Rican Day Parade.ABC News’ Aaron Katersky contributed to this report.Nov 11, 12:06 pmUK’s death toll tops 50,000British health authorities reported 595 new COVID-19 deaths on Wednesday, bringing the United Kingdom’s death toll to over 50,000.The U.K. is the first country in the European region to top 50,000 deaths.Nov 11, 11:32 amItaly becomes 10th country to surpass 1 million casesItaly confirmed 32,961 new cases of COVID-19 in the last 24 hours, bringing its tally soaring past 1 million.The latest daily case count is just under the country’s all-time high of 39,809 on Nov. 7Italy also registered an additional 623 fatalities from COVID-19 in the past day, the highest since April but still under the country’s record of 919 deaths on March 27.The nationwide, cumulative total now stands at 1,028,424 confirmed cases with 42,953, according to data published Wednesday by Italy’s civil protection agency.Italy, once the epicenter of the coronavirus pandemic, is battling a rising number of COVID-19 infections as a second wave sweeps much of Europe. It’s the tenth country in the world to surpass 1 million confirmed cases, according to a real-time count kept by Johns Hopkins University.Nov 11, 11:22 amUnited disinfecting its busiest airports with electrostatic sprayingUnited said it’s disinfecting lobbies and terminals with electrostatic spraying at 35 of its busiest airports: Atlanta, Austin, Boston, Cleveland, Washington Reagan, Denver, Dallas Fort Worth, Newark, Fort Lauderdale, Greensboro, Guam, Honolulu, Washington Dulles, Houston George Bush, Kona, Las Vegas, Los Angeles, LaGuardia, London Heathrow, Orlando, Miami, Minneapolis/St. Paul, New Orleans, Maui, Chicago O’Hare, Portland, Philadelphia, Phoenix, San Diego, San Antonio, Seattle, San Francisco, Sacramento, Orange County and Tampa.Terminals at those airports are disinfected a few times a week and United said it plans to introduce the electrostatic spray cleaning nightly by early December.The electrostatic sprayer can “reach and uniformly coat germ-prone surfaces, including areas that conventional trigger sprays may easily miss,” United said.The airline said it hopes to expand to more airports next year.ABC News’ Gio Benitez contributed to this report.Nov 11, 10:40 amEthiopia’s case count tops 100,000 amid fears of civil warEthiopia has confirmed more than 100,000 COVID-19 cases, becoming one of just a handful of countries across Africa that have surpassed the grim milestone.Other African countries with over 100,000 confirmed cases as of Wednesday are Egypt with 109,000, Morocco with 265,000 and South Africa with 740,000. Meanwhile, the 54-nation African continent is approaching 2 million confirmed cases, according to the latest data from the Africa Centers for Disease Control and Prevention.The development comes as Ethiopia, one of Africa’s most populous countries, appears to be on the brink of civil war amid increasingly deadly skirmishes in its northern Tigray region between federal forces and Tigray’s ones.The United Nations and other groups have warned of a brewing humanitarian crisis that could affect up to 9 million people.Nov 11, 9:56 amEngland to give university students 7-day window to travel home for ChristmasUniversity students in England will be given a seven-day window next month to travel home before Christmas, with school campuses providing mass testing before they leave, according to new guidance published Wednesday by the U.K. government.After a second nationwide lockdown ends on Dec. 2, students will be allowed to travel home on staggered departure dates set by universities from Dec. 3 to Dec. 9.“The student travel window will mean students can travel having just completed the four-week period of national restrictions, reducing the risk of transmission to family and friends at home,” the U.K. government said in a press release announcing the new guidance.The government is urging universities to transition to remote learning by Dec. 9 so students can continue their education while also having the option to return home to study from there. The government said it will also work closely with universities to establish mass COVID-19 testing capacity.“Tests will be offered to as many students as possible before they travel home for Christmas, with universities in areas of high prevalence prioritised,” the government said. “If a student tests positive before their departure they will need to remain in self-isolation for the required period of 10 days. Moving all learning online by 9 December gives enough time for students to complete the isolation period and return home for Christmas.”English students at universities in Scotland, Wales or Northern Ireland are instructed to follow the guidance relevant to where they are living before returning home.The U.K. government’s universities minister, Michelle Donelan, acknowledged that the upcoming holidays “will feel different this year” due to the unprecedented situation.“We have worked really hard to find a way to do this for students, while limiting the risk of transmission,” Donelan said in a statement Wednesday. “Now it is vital they follow these measures to protect their families and communities, and for universities to make sure students have all the wellbeing support they need, especially those who stay on campus over the break.”Nov 11, 9:03 amTexas becomes first US state to surpass one million casesTexas has confirmed its one-millionth case of COVID-19, becoming the first U.S. state to do so.The Lone Star state confirmed 12,337 new cases in the past day, bringing its cumulative total to 1,010,364 confirmed cases as of early Wednesday. The state also registered an additional 114 fatalities from COVID-19, bringing its death toll to 19,337, according to a real-time count kept by Johns Hopkins University.Texas’ seven-day moving average of daily positive COVID-19 tests stands at 10%. Current hot spots within the southwestern state include the areas of Austin, Dallas, El Paso, Houston and San Antonio, according to Johns Hopkins data.Meanwhile, California is on track to become the second U.S. state to surpass one million confirmed cases. The Golden State confirmed 8,135 new cases in the past day, bringing its cumulative total to 989,432 confirmed cases as of early Wednesday, according to Johns Hopkins data.Nov 11, 8:31 amEurope clinches deal to buy up to 300M doses of Pfizer/BioNTech vaccinePfizer and BioNTech announced Wednesday that they have reached an agreement to supply up to 300 million doses of their experimental COVID-19 vaccine to Europe.The agreement with the European Commission provides a supply of 200 million doses and an option to request an additional 100 million doses, according to a joint press release from Pfizer and BioNTech.Doses allocated for European Union member states will be produced in BioNTech’s manufacturing sites in Germany as well as at Pfizer’s site in Belgium. If the vaccine candidate receives authorization from the European Medicines Agency, then doses will be ordered by the EU member states who have elected to receive the vaccine as part of the agreement.Deliveries are anticipated to start by the end of 2020, subject to clinical success and regulatory approval, according to the press release.“Today’s finalized supply agreement with the European Commission represents the largest initial order of vaccine doses for Pfizer and BioNTech to date and a major step toward our shared goal of making a COVID-19 vaccine available to vulnerable populations,” Pfizer chairman and CEO Albert Bourla said in a statement Wednesday.Last month, the European Medicines Agency began a rolling review of data on the efficacy and safety of the vaccine candidate to determine whether the drug should be authorized for use.Pfizer, a New York-based pharmaceutical giant, and BioNTech, a German biotechnology company, announced Monday that the experimental vaccine appears to be at least 90% effective in an early analysis. The European Medicines Agency said in a statement Monday that it “has not yet had a chance to formally assess these efficacy data.”Nov 11, 5:57 amVanuatu confirms first case since pandemic beganA small island nation in the southwestern Pacific Ocean has remained untouched by the coronavirus pandemic — until now.Vanuatu confirmed its first case of COVID-19 on Tuesday.Vanuatu’s Ministry of Health said the case is a 23-year-old man who had returned to the archipelago nation on Nov. 4, after traveling to the United States. He tested positive during a routine screening on the fifth day of quarantine.The man, who hasn’t shown any symptoms, will remain in isolation until health clearance is provided, according to the health ministry.“Physical distancing and personal protection measures were applied and maintained during the flight, throughout the arrival process, during transport to and during registration at the quarantine facility,” the ministry said in a press release. “The person had been identified during pre-travel registration as traveling from a higher-risk location, therefore was seated separately at the back of the plane and was screened and transported separately from other arriving passengers. The case did not share a room with anyone else at the quarantine facility and is reported to have adhered to all appropriate measures throughout the travel and quarantine process.”Nov 11, 5:27 amRussia records highest number of daily deathsRussia registered 432 deaths from COVID-19 in the last 24 hours, setting a new single-day record.An additional 19,851 new cases of COVID-19 were also confirmed nationwide over the past day, according to Russia’s coronavirus response headquarters. It’s the first time in six days that daily infections didn’t exceed 20,000.The country’s cumulative total now stands at 1,836,960 cases with 31,593 deaths, according to the coronavirus response headquarters.Moscow remains the epicenter of the country’s outbreak and recent surge. More than 22% of the newly confirmed cases — 4,477 — and nearly 17% of the new deaths — 73 — were reported in the capital, according to Russia’s coronavirus response headquarters.Despite the growing number of infections and deaths, Russian authorities have repeatedly said they have no plans to impose another nationwide lockdown.The Eastern European country of 145 million people has the fifth-highest tally of COVID-19 cases in the world, behind only the United States, India, Brazil and France, according to a real-time count kept by Johns Hopkins University.Nov 11, 5:17 amNearly 1,000 inmates at Colorado jail have tested positiveThe El Paso County Jail in Colorado has had 976 inmates and 85 staff members who have tested positive for COVID-19 since the pandemic began.The outbreak at the jail was first reported on Oct. 26, when eight employees across varying assignments were found to be infected. The following day, the El Paso County Sheriff’s Office announced that two more deputies who work there and eight inmates had tested positive.“An aggressive, prioritized COVID testing schedule was implemented for staff and inmates,” the sheriff’s office said in a statement on its website, where it provides updates on the outbreaks as test results become available.There were 911 inmates and 73 staff members who tested positive on Monday alone. It’s unclear how many total inmates were in custody that day.“The threat of further infection will continue to increase over the next several weeks,” the sheriff’s office said. “At this point in time, there have been no inmates who have had to be hospitalized. They are all being treated in the facility by our medical provider, WellPath.”Visitation at the jail remains closed.Nov 11, 4:09 amUS reports another record high of over 136,000 new casesThere were 136,325 new cases of COVID-19 identified in the United States on Tuesday, marking a new single-day record, according to a real-time count kept by Johns Hopkins University.It’s the seventh straight day that the country has reported over 100,000 new infections. Tuesday’s tally tops the nation’s previous all-time high of 128,412 new cases A total of 10,257,825 people in the United States have been diagnosed with COVID-19 since the pandemic began, and at least 239,683 of them have died, according to Johns Hopkins. The cases include people from all 50 U.S. states, Washington, D.C. and other U.S. territories as well as repatriated citizens.Much of the country was under lockdown by the end of March as the first wave of pandemic hit. By May 20, all U.S. states had begun lifting stay-at-home orders and other restrictions put in place to curb the spread of the novel coronavirus. The day-to-day increase in the country’s cases then hovered around 20,000 for a couple of weeks before shooting back up and crossing 100,000 for the first time on Nov. 4.Copyright © 2020, ABC Audio. All rights reserved.
DTI Secretary Stephen Byers last week made the strongest suggestion to datethat parental leave will become paid, following a review this autumn.Unpaid parental leave of up to 13 weeks was introduced on 15 December lastyear. It applies to all parents with children under the age of five, born afterthe implementation date.Launching the review of parental leave and maternity pay at the conference organisedby New Ways to Work on 9 May, Byers stated repeatedly that the argument formaking parental leave paid will be closely considered.He further fuelled speculation by telling delegates that restricting theright to children born after the implementation date, a move the Government hasbeen criticised for, would make it easier to pay parents taking time off.”We looked at whether it should apply to children born after that dateor to all children under five and we decided on the former,” he told delegates.”The TUC feels we have misinterpreted the directive. We feel that wehave interpreted it correctly. On whether it should be paid, it may make iteasier for the Government to look more sympathetically at paid parentalleave.”Employers are opposed to paying the leave, as even unpaid it is a major costburden to business.Government figures put the cost of unpaid leave at £35m. Independentthink-tanks predicted it would cost £300m if paid. The consultation paper is due in the autumn. Byers hints at bringing in paid parental leaveOn 16 May 2000 in Personnel Today Comments are closed. Related posts:No related photos. Previous Article Next Article
The issue of stress is driving a wedge between employers and their staffwith workers increasingly reporting the problem, but bosses regularlydismissing them as malingerers. A new survey from law firm Peninsula has highlighted the growing dichotomyof opinion around workplace stress, with 91 per cent of workers admitting tofeeling stressed, but almost 70 per cent of employers believing it to be ‘justan excuse’. Despite a growing recognition of the effect that stress can have onindividual and organisational productivity, seven in 10 employers consider itto be ‘just a phase’ that doesn’t merit time off work. Although 76 per cent of the 958 employers polled admitted they wereconcerned stress was having a negative affect on employees, 62 per said it wasnot a reasonable excuse for taking time off. Only a quarter believe staff should be excused from work if they aresuffering from stress, while 13 per cent said that staff could stay at homeonly very occasionally. Conversely, 77 per cent of the 4,125 employees in the survey have alreadytaken time off to come to terms with stress. The conflicting opinions between employees and managers was so great that 65per cent would not even admit they were stressed to their employer. The Peninsula research also found a further 79 per cent of employees feltorganisations were failing to understand the seriousness of the problem. The Chartered Institute of Personnel and Development (CIPD) warned that highstress levels would lead to increased staff turnover and absence. CIPD employee relations adviser Ben Willmott said employee morale andproductivity were also important considerations. He added that firms ignoringthe need to manage workplace stress effectively also risk possible enforcementaction by the Health & Safety Executive under the Health and Safety at WorkAct. By Ross Wigham Previous Article Next Article Comments are closed. Related posts:No related photos. Employers dismiss stress claims as ‘just an excuse’On 13 Apr 2004 in Personnel Today