Zongo’s death: Two years after this murder the persons responsible are still free

first_img News On the occasion of the second anniversary of the murder of journalist Norbert Zongo on 13 December 1998, Reporters Sans Frontières (RSF) once again denounces the fact that the culprits have not been punished. After two years, none of the six suspects identified by an independent commission of inquiry in May 1999 has been charged, and François Compaoré, the president’s brother, implicated in the affair, has not even been heard by the judge responsible for investigating this case.On 27 November 2000, the Burkina Faso embassy in Paris refused to grant visas to two RSF representatives who wished to attend the press freedom festival in Ouagadougou. The organisation is outraged at this refusal and pointed out to the Burkina Faso ambassador that “this decision shows, once again, that the Burkina Faso authorities do not wish to get to the bottom of this affair. It is unacceptable that a non-governmental human rights organisation may not freely visit your country.”RSF is taking advantage of this commemorative day to run a press campaign in seven Burkina Faso newspapers and two pan-African weeklies. The organisation also wanted like to buy space to put up 4×3 m posters in the streets of Ouagadougou, but the municipality refused “due to the specific nature of the posters”. The picture used in this campaign is of a birthday cake with two candles, with the caption: “Norbert Zongo’s murderers are celebrating their second year of impunity”.Norbert Zongo was director of the weekly L’Indépendant. His charred body was found with those of three companions in his car on 13 December 1998 – the date of the beginning of a wave of protest throughout the country. Scores of demonstrations were held in 1999 in Ouagadougou and the country’s main towns. On 7 May 1999, after hearing over two hundred people, an independent commission of inquiry responsible for “determining the causes of the death” of journalist Norbert Zongo, concluded that “the motives for this quadruple murder lie in the investigations carried out by this journalist for years, and especially his recent inquiry into the death of David Ouedraogo, the driver of François Compaoré, a presidential adviser” who also happens to be the president’s brother. The report also names six “serious suspects” in this affair. All are members of the special presidential guard (RSP).In May 1999 Robert Ménard, RSF general secretary, was expelled from the country by order of the deputy minister for security, Djibril Bassolé. Two representatives of the organisation were prohibited from entering the country on their arrival at Ouagadougou airport in September of the same year. In both cases, the members of RSF had valid visas granted by the Burkina Faso embassy in France. News Receive email alerts Organisation June 11, 2021 Find out more Help by sharing this information Burkina FasoAfrica Follow the news on Burkina Faso June 7, 2021 Find out more Time is pressing, 20 years after Burkinabe journalist’s murdercenter_img RSF_en Burkina FasoAfrica News June 11, 2021 Find out more to go further Burkinabe legislative threat to press freedom must be declared unconstitutional Burkina Faso’s media group’s five-day suspension is too harsh, RSF says News December 7, 2000 – Updated on January 20, 2016 Zongo’s death: Two years after this murder the persons responsible are still freelast_img read more

Limerick appeal to save ‘gay bull’ Benjy

first_imgWalk in Covid testing available in Limerick from Saturday 10th April RELATED ARTICLESMORE FROM AUTHOR Email Linkedin Surgeries and clinic cancellations extended Twitter WhatsApp Advertisement Facebook No vaccines in Limerick yet center_img Previous articleLimerick pensioners remanded on terrorism chargesNext articleInsider information Alan Jacqueshttp://www.limerickpost.ie by Alan Jacques | [email protected] rights activist John Carmody is calling on Limerick people to help save the life of a ‘gay bull’ that is destined for slaughter because he has shown no interest in cows and has a sexual preference for other bulls.Sign up for the weekly Limerick Post newsletter Sign Up Animal Rights Action Network (ARAN), founded by Mr Carmody, last week responded to plans to destroy Benjy, a pedigree Charolais bull, purchased for purposes of breeding by a farmer in County Mayo.ARAN has teamed up with one of the UK’s biggest online gay magazines THEGAYUK, and the Hillside Animal Sanctuary in Norwich, to save Benjy.The group has secured a deal with the owner of the bull so the animal can live out his life in peace. THEGAYUK have also launched an online campaign to raise funds to purchase the bull and transport him from Ireland to Britain and help with the lifelong cost of keeping Benjy at the animal sanctuary.John Carmody said that Benjy’s plight is not only hitting the hearts of Irish people, but people worldwide and he has spoken to media sources from far and wide including RTE Radio One and Russia Today about the campaign.“I can’t believe how international this has gone,” said Mr Carmody.ARAN program co-ordinator Jackie Fitzgerald said that Benjy’s plight had touched hearts across the globe.“Like every other animal, Benjy should be to be free of death, pain and suffering.  We hope the people of Limerick get behind the fundraising drive to raise money to save Benjy,” she said.At the time of going to press terminally ill Simpsons co-creator Sam Simon had donated €6,250 to the cause. NewsBreaking newsLocal NewsLimerick appeal to save ‘gay bull’ BenjyBy Alan Jacques – November 18, 2014 671 Shannondoc operating but only by appointment Print TAGSAnimal Rights Action Network (ARAN)Benjyfeaturedgay bullJohn CarmodylimerickSam SimonThe Simpsons Proceedures and appointments cancelled again at UHL First Irish death from Coronavirus last_img read more

Credit Risk Transfers: Hot Topic of 2017

first_img Tagged with: Fannie Mae Freddie Mac Front Cash Flows GSEs Last Cash Flows LIBOR floaters Modifiable and Combinable REIT eligibility RMBS Securities Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Credit Risk Transfers: Hot Topic of 2017 The Credit Risk Transfer (CRT) market continues to be a compelling investment vehicle that offers residential mortgage backed security (RMBS) investors an opportunity to achieve attractive risk-adjusted returns, while accessing various parts of post-crisis mortgage credit and origination. Following the mortgage crisis, the Federal Housing Finance Agency (FHFA) has mandated a number of changes affecting the government-sponsored enterprises (GSEs), mainly Fannie Mae and Freddie Mac, reducing the risk of losses that the GSEs may pose to taxpayers. Both Freddie Mac and Fannie Mae issued the first CRT transactions in 2013 in efforts to convey portions of their previously retained credit risk for the Agency mortgages they guarantee to the private sector. The collateral is newly issued (post-crisis) and incorporates significant reform in origination standards. Further, the reference collateral can vary in coupon and loan-to-value, but is primarily conventional 30 year fixed rate mortgages.CRT issuance primarily comes in two series: Connecticut Avenue Securities (CAS) by Fannie Mae, and Structured Agency Credit Risk (STACR) by Freddie Mac. As of May 2017, 47 CRT deals with combined security balances of $45 billion have been issued since the program’s inception in 2013. This represents exposure to over $1.3 trillion of residential single-family mortgages. Unlike traditional RMBS securities, payments made to investors are not directly from the underlying mortgage cash flows, but are instead remitted by Fannie or Freddie to CRT investors. The prepayments and the defaults incurred on the underlying reference pools are then reflected in payments by the GSEs to bondholders.The coupons paid by the GSEs are uncapped LIBOR floaters and carry various attachment points of credit enhancement. The GSE oversight and review of originator and servicer performance provides an additional layer of surveillance, which represents a further positive to underlying fundamentals. The CRT program offers a uniform and standardized investment vehicle for investors to access post-crisis mortgage credit. Program issuance has dwarfed the size of the RMBS 2.0 market (i.e., post-crisis non-QM mortgage securitizations) through today, in part due to the lack of standardization of the RMBS 2.0 market. CRT has become one of the few investment areas where investors can access this post-crisis mortgage credit. The deal structures have been evolving since 2013, initially originating only a first pay (M1) and last cash flow (LCF). Since then, these securities have evolved into anywhere from three to five tranches per transaction collateral pool. The deals now also offer exchangeable securities (MAC) where bondholders can split holdings into various access points of credit tranching or interest rates.Investors have many options to express views within housing including relative value to other U.S. structured products and broader fixed income, views on the path of home prices and the path of interest rates going forward, and technical factors arising from the declining outstanding float in legacy RMBS sectors. Dealers are heavily involved in making markets on the various tranches due to the synergies in primary issuance and trading this sector in secondary markets. Rating agencies have taken positive actions on many of the tranches due to the credit performance of the assets, issuing several upgrades and positive rating outlooks as the depth of the market continues to grow. Given that the CRT market is one of the only sizable sectors available to investors in post-crisis mortgage credit and underwriting today, the GSEs continue to work on expanding the investor base. For instance, once the work on the products REIT eligibility is finished and implemented, it should further improve the size and depth of the investor base.The CRT market remains well supported, while the collateral and structural benefits are high. We believe different parts of the capital structure add relative value in our portfolio construction. Some of the areas we find beneficial include:Front Cash Flows (M1s) are front sequentials, which pay atop the cash flow waterfall. They shorten as rates rally, but don’t extend significantly in an interest rate selloff. To clarify, mortgage rates are pegged to the on-the-run 10-year U.S. Treasury note and with higher rates, mortgage rates increase, slowing principal prepayments and therefore these bonds slow down or extend. The uncapped LIBOR floater offers additional protection against rising rates enhancing the risk-adjusted return profile. They are low beta and stable carry.Last Cash Flows (LCFs) are generally the second or third payer in the sequential waterfall. They are longer in spread duration and carry thick coupon spreads. Similar to the M1, the LCF’s are also uncapped floaters that may increase in value in scenarios of higher rates and cash flow extension.Modifiable and Combinable (MACs): These options allow a framework for investors to exchange tranches to express differing credit or interest rate views, for example by splitting off the interest-only portion or increasing/decreasing loss support.Home prices have continued their steady improvement and today, coupled with new post-crisis underwriting guidelines, the underlying sector outlook is strong. Continued enhancements to the program, structure, and the growing depth of the investor base, all while housing and market fundamentals remain robust, are reasons for our focus and positioning within the CRT sectors. Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Fannie Mae Freddie Mac Front Cash Flows GSEs Last Cash Flows LIBOR floaters Modifiable and Combinable REIT eligibility RMBS Securities 2017-05-30 Neil Aggarwal in Daily Dose, Featured, News, Secondary Market Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Neil Aggarwal The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Share Save Previous: Carson: The Right Mindset Can Overcome Next: Under the Microscope – How Effective are QM Rules? Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Neil Aggarwal, Portfolio Manager & Sector Specialist, RMBS, joined Semper Capital Management in 2017 as the Portfolio Manager and Sector Specialist for RMBS and other residential credit sectors. Aggarwal has over 14 years of experience in securitized products, trading, structuring, and credit analysis. Prior to joining Semper, he served as the Mortgage Credit Sector Head and Senior Trader for a securitized products strategy at BlueCrest Capital Management. Prior to BlueCrest, he was a SVP in RMBS and mortgage trading at Jefferies, where he primarily focused on market making and structuring. Earlier in his career, he was a residential mortgage loan/RMBS trader for Barclays Capital and C12 Capital, and a RMBS structurer for Citigroup. Aggarwal earned a BS in Mathematics and a BS in Finance with Honors from the University of Maryland. The Best Markets For Residential Property Investors 2 days ago Credit Risk Transfers: Hot Topic of 2017  Print This Post May 30, 2017 2,889 Views last_img read more