Alun Wyn Jones reacts to fondling incident with Joe Marler

first_imgJoe Marler just giving Alun Wyn Jones a quick check! Check your balls at https://t.co/IGMbVwcsdn #ENGvWAL #6Nations #SixNations pic.twitter.com/5c9LWjv14H— OddBalls (@myoddballs) March 7, 2020 The April issue of Rugby World magazine – focusing on a new generation of Six Nations stars – is out now.Follow Rugby World on Facebook, Instagram and Twitter. How is that in any way acceptable?— Alex (@alexhBS3) March 7, 2020 Video clip of the England loosehead paying particular attention to the Wales captain was shared widely on Twitter The above video clip of the England loosehead handling the Wales captain was shared widely on Twitter, and there were other reactions to the incident on the social media platform. Citing should follow that.— Ian Falconer (@IKFalconer) March 7, 2020The match officials did nothing at the time – referee Ben O’Keefe was focussed on defusing the fracas which led to a Wales knock-on being turned to a Wales penalty, with Owen Farrell adjudged to have shoved an opposition player. But Marler has been cited over the incident.World Rugby regulation 9.27, which covers any incident against the spirit of the game, states that “grabbing, twisting, or squeezing the genitals and/or breasts in the case of females” can be punished by a 12-week ban at the lower end. A mid-range ban is 18 weeks. The maximum punishment is 208 weeks. Alun Wyn Jones reacts to fondling incident with Joe MarlerWe expected a fiesty encounter at Twickenham between England and Wales but things took an odd turn when England prop Joe Marler was spotted fondling Wales skipper Alun Wyn Jones during a first-half scuffle. The footage has since gone viral on social media.Answering a question on the incident, post-match, the experienced lock called for a review from the sport’s governing body.“After 138 Tests for my country I know if I react it’s red card,” Jones said. “It’s tough. Hopefully World Rugby have a look at it.“Joe is a good bloke and lots happens on a rugby field. It’s difficult as captain because you feel you can’t speak to the referee about anything. I looked at the touch judge but he didn’t see what happened, which is fine.“A lot of footage was shown, a lot of supporters have seen what happened, it’s just very frustrating. We talk a lot about the TMO, footage and review but we don’t see a lot happening.”Here is the footage of the incident…last_img read more

Casu House / Arkstudio

first_imgShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/916464/casu-house-arkstudio Clipboard Lead Architect: Jessica Castillo Area:  820 m² Year Completion year of this architecture project Projects “COPY” Houses Save this picture!© Daniel Ojeda+ 33Curated by Clara Ott Share Photographs CopyHouses•Mariano Roque Alonso, Paraguay Architects: Arkstudio Area Area of this architecture project Paraguay Year: center_img 2018 Products translation missing: en-US.post.svg.material_description CopyAbout this officeArkstudioOfficeFollowProductsConcreteBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesMariano Roque AlonsoParaguayPublished on May 06, 2019Cite: “Casu House / Arkstudio” [Vivienda casu / Arkstudio] 06 May 2019. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodPanel Façade SystemRailing / BalustradesMitrexIntegrated Photovoltaic Railing – BIPV RailingMetal PanelsAurubisCopper Alloy: Nordic BrassHanging LampsVibiaHanging Lamp – VOLConcreteKrytonCrystalline Waterproofing – KIMSkylightsLAMILUXGlass Skylight FE PassivhausPorcelain StonewareCosentinoSurfaces – Dekton® Chromica CollectionBricksFeldhaus KlinkerThin Bricks – ClassicGlassDip-TechDigital Ceramic Printing for Interior DesignWoodStructureCraftEngineering – FootbridgesAluminium CompositesCymat Technologies Ltd.Bundang Doosan Tower – Alusion™ Stabilized Aluminum FoamTable LampsRoss GardamDesk Lamp – OraMore products »Save想阅读文章的中文版本吗?大屋盖住宅 / Arkstudio是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Products used in this ProjectRenders / 3D AnimationAutodeskAutoCAD 2D and 3D Design SoftwareClients:PS LineEngineering:Enrique GranadaLandscaping:ArkstudioConsultants:ArkstudioCollaborators:Diana Piris, Mauricio Gomez, Ana Paniagua, Sol RivasCity:Mariano Roque AlonsoCountry:ParaguayMore SpecsLess SpecsSave this picture!© Daniel OjedaText description provided by the architects. The main structure is a curved roof without intermediate structures, where the internal pillars are substituted by underground cables. The roof is supported by three concrete pillars that extend the curve, transmitting its weight to the ground. In addition, they work as gutter drops on each side, carrying the water to a cistern, where it is reused for irrigation of the land.Save this picture!© Daniel OjedaSave this picture!Lower FloorSave this picture!© Daniel OjedaColonial bricks were used for the formwork, as they provide texture, improve acoustics and contribute to the thermal insulation of the volume. As for the orientation, the house is located in order to protect with the roof the most unfavorable facades, east and west.Save this picture!© Daniel OjedaSave this picture!© Daniel OjedaTherefore, the house is protected from the sun during the day, especially in summer. That helps maintain a comfortable temperature inside the house. The large windows open completely and also the top of the roof has a small opening that works as a chimney, allowing better ventilation.Save this picture!© Daniel OjedaSave this picture!Section ASave this picture!© Daniel OjedaProject gallerySee allShow lessDaniels Building at University of Toronto / NADAAASelected ProjectsÁgueda House / Espaço ObjectoSelected Projects Share Casu House / Arkstudio ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/916464/casu-house-arkstudio Clipboard Manufacturers: AutoDesk, Porcelanosa Grupo, ARKSTUDIO, Decortiles, Eliane, Google Casu House / ArkstudioSave this projectSaveCasu House / Arkstudio Photographs:  Daniel Ojeda Manufacturers Brands with products used in this architecture project “COPY”last_img read more

Green House / Zen Architects

first_imgArchDaily Architects: Zen Architects Area Area of this architecture project CopyAbout this officeZen ArchitectsOfficeFollowProductsWoodGlass#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesMelbourneIcebergAustraliaPublished on April 09, 2020Cite: “Green House / Zen Architects” 08 Apr 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogBathroom AccessorieshansgroheBath & Shower ThermostatsGlass3MGlass Finish – FASARA™ NaturalPartitionsSkyfoldVertically Folding Operable Walls – Mirage®WindowsVitrocsaSliding Window – Mosquito NetSinksBradley Corporation USASinks – Verge LVG-SeriesMetal PanelsTrimoQbiss One in Equinix Data CentreSignage / Display SystemsGoppionDisplay Case – Q-ClassMetal PanelsLongboard®Aluminum Battens – Link & Lock – 4″Sports ApplicationsPunto DesignPunto Fit in Ekaterinburg Public SpaceWoodBlumer LehmannFree Form Structures for Wood ProjectsKnobsKarcher DesignDoor Knob K390 (50)TablesVitsœ621 Side TableMore products »Save想阅读文章的中文版本吗?扬起‘帆板’,为住宅带来一阵清风 Green House / Zen Architects是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/879145/green-house-zen-architects Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/879145/green-house-zen-architects Clipboard Houses Green House / Zen ArchitectsSave this projectSaveGreen House / Zen ArchitectsSave this picture!© Emma Cross+ 11Curated by Fernanda Castro Share “COPY” Australia Green House / Zen Architects Photographs Photographs:  Emma Cross Manufacturers Brands with products used in this architecture project “COPY” Area:  132 m² Year Completion year of this architecture project Year:  2006 CopyHouses•Melbourne, Australia Projects Manufacturers: Australian Sustainable Hardwoods (ASH), Enviroshop, Radial TimbersSave this picture!© Emma CrossRecommended ProductsEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreDoorsECLISSESliding Pocket Door – ECLISSE LuceEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornText description provided by the architects. Located on a narrow site in Melbourne, the Green House was inspired by our client’s connection with landscape and represents the innovative use of sustainable design principles.Save this picture!© Emma CrossWe offset the house from the north boundary and created a courtyard with north-facing windows. Deciduous planting provides shade in summer, with additional plants integrated throughout the site to improve the indoor air quality. Perched above the surrounding rooftops and nestled in the tree canopies, a roof garden acts as an oasis from the urban environment.Save this picture!© Emma CrossSave this picture!Floor PlansSave this picture!© Emma CrossPassive heating is provided by a two storey north facing void that allows the sun to penetrate deep into the house, heating the thermal mass of exposed concrete floor and ceiling. Passive cooling is provided by windows located to catch breezes cooled by the courtyard plants and pond, while a two storey void facilitates natural heat removal through stack effect.The end result is a living, breathing, sustainable space that is a pleasure to inhabit.Save this picture!© Emma CrossOriginally published on September 06, 2017.Project gallerySee allShow lessCanal Art Museum / officePROJECTSelected ProjectsAlmora House / Tonkin Zulaikha GreerSelected Projects Sharelast_img read more

Public “wouldn’t know who to complain to” about charity fundraising

first_imgPublic “wouldn’t know who to complain to” about charity fundraising About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 13 February 2007 | News The Fundraising Standards Board which launched yesterday reports that new research shows that the majority of people in the UK would not know where to go if they had a complaint about a charity’s fundraising.The GfK NOP poll, commissioned last month by the Fundraising Standards Board (FSB), found that 86% of people polled had given to charity last year, but only 22% said they knew whom to contact to lodge a complaint with. The FSB said that this demonstrated the need for an independent standards board.The research people were most likely to consider making an official complaint if a charity continued to contact them after they had asked them not to, or if a charity had exaggerated, not told the truth to them or if they had been misled by the charity. Advertisement  12 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Fundraising Standards Board can now handle both of these types of complaint.The GfK NOP survey was conducted via telephone on behalf of the Fundraising Standards Board between 12 and 14 January 2007, with 1,000 individuals taking part.last_img read more

Lowndes County, Ala.: Roots of revolution

first_imgPart 1: “Lowndes County: ‘The original Black Panther Party’”A revolutionary movement was born in 1966 in the tiny Alabama community of White Hall, Lowndes County — population 831. Local activists and members of the Student Nonviolent Coordinating Committee formed the Lowndes County Freedom Organization, an independent Black political party. The LCFO was known locally as “the Black Panther Party” for its ballot symbol. Later, some of the SNCC members founded the Black Panther Party for Self-Defense, the Black nationalist and socialist organization anchored in California, with a name, symbol and inspiration drawn from Alabama roots and resistance.Lowndes County Freedom Organization, home of the “original Black Panther Party.” Alabama, 1966.Fightback in Lowndes County by oppressed peoples has a long history. From 1800 through the 1830s, the Creek Nation waged a fierce battle to stop the seizure of their land by white colonizers. As slavery and white supremacy became the law of the land, resistance continued.In 1861, in Lowndes and Montgomery counties, a hundred enslaved people of African descent, together with “poor whites of the country,” planned a rebellion to redistribute the “land, mules and money” of plantation owners. Twenty-five Black and four white insurrectionists were executed when their plot was discovered. (Herbert Aptheker, “American Negro Slave Revolts,” International Publishers, 1943)In the 1930s, the Sharecroppers Union, organized primarily by the Communist Party USA, led 6,000 members in Lowndes, Macon, Montgomery and Dallas counties. In 1935, the SCU conducted a spring cotton choppers’ strike and a summer cotton pickers’ strike to end starvation wages of $4 a month and stop workers from being evicted as mechanized farming took hold. Demands included equal pay for women and no discrimination against Black people.Repression in Lowndes County was brutal, with floggings, rapes and assassinations of union organizers and supporters. However, “armed strikers organized their own ‘posses’ and in one instance a group ‘met the vigilantes as they started to raid a striker’s shack. When the [boss’s] gang saw the opposition was formidable, they ran.’” (Robin D.G. Kelley, “Hammer and Hoe: Alabama Communists during the Great Depression,” University of North Carolina, 1990)The long tradition of resistance continued into 1966. On the night SNCC called the first voter registration meeting in Lowndes County, a room full of Black farmers showed up — armed. When told that SNCC was “a nonviolent organization,” an older farmer replied, “You turn the other cheek, and you’ll get handed half of what you’re sitting on.“ (Kelley)Black women leadBlack women were at the heart of civil rights work in Lowndes County. Gardenia White of White Hall was the lead plaintiff in White v. Crook, a landmark case that strengthened the Civil Rights movement and was a cornerstone of the developing women’s liberation movement.The case was filed to put Black people on the jury rolls and then expanded to challenge a law that kept all women from serving on Alabama juries. Jury selection became a movement focus after all-white juries acquitted white supremacists of murdering Viola Liuzzo and Jonathan Daniels, white civil rights workers, in Lowndes County.White and the other plaintiffs won in 1966. The historic White v. Crook suit was one of the first brought to end the systematic exclusion of Blacks from jury service. It also became the first U.S. case in which “a federal court relied on [equal protection in] the 14th Amendment to rule a state law unconstitutional because of sex discrimination.” (Dr. Susan Mallon Ross, “Dialogic Rhetoric,” tinyurl.com/zjjkzvw)The winning brief was co-authored by legendary Black civil rights lawyer Pauli Murray — who also co-founded the National Organization for Women.Another landmark victory was won in 1968 on behalf of Black teachers being denied tenure and job benefits in Alabama. Teacher Dorothy Hinson of White Hall, who initiated the suit, belonged to the activist Jackson family and was the sister of farmer Matthew Jackson, who provided housing, support and arms to SNCC workers in Lowndes County. (­tinyurl.com/z9z6ahf)FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

TCU rings in the holiday season with its annual Christmas Tree Lighting

first_imgCorinne Hildebrandthttps://www.tcu360.com/author/corinne-hildebrandt/ Parking lot closures cause new problems for students Previous articleWalsh named to Second Team All-Big 12Next articleNo. 23 TCU blitzes Belmont early, 87-76 Corinne Hildebrandt RELATED ARTICLESMORE FROM AUTHOR Fort Worth B-Cycle looks to attract more riders Twitter Linkedin What we’re reading: Arrivals in Argentina Corinne Hildebrandt is a sophomore journalism major and sociology minor from Wayne, Illinois. She enjoys staying active and has a difficult time sitting still for long periods of time. When she’s not reporting, Corinne is most likely on the go exploring the many restaurants (and ice cream shops) that Fort Worth has to offer. TCU places second in the National Student Advertising Competition, the highest in school history Facebook Linkedin What we’re reading: Controversy in D.C. ReddItcenter_img + posts Corinne Hildebrandthttps://www.tcu360.com/author/corinne-hildebrandt/ ReddIt Corinne Hildebrandthttps://www.tcu360.com/author/corinne-hildebrandt/ World Oceans Day shines spotlight on marine plastic pollution Corinne Hildebrandthttps://www.tcu360.com/author/corinne-hildebrandt/ Twitter Welcome TCU Class of 2025 Facebook Corinne Hildebrandt printTCU kicked off the holiday season Tuesday with some new items under the Christmas tree.Johnnyswim, a Los Angeles-based music duo, joined the annual tree lighting and fireworks display that ushers in the holiday season. On a stage centered in front of the decorated Christmas tree, the duo added personal twists to Christmas classics and played their own original holiday pieces. Brad Thompson, director of Student Activities, said organizers wanted the ceremony to be more of a concert-tree lighting with the live music as a primary attraction.“While music in the past has been in the background, it’s more like the highlight focus of the tree lighting this year,” Thompson said. Emily Cosler, a sophomore finance and marketing double major, said she thought Johnnyswim was the perfect addition to this year’s tree lighting. “It was absolutely amazing,” said Cosler. “I wouldn’t want any other band. They were so good up there and the whole crowd was into it.”Sydney Schumacher, a junior marketing major, said hosting a live concert at the ceremony made the event even better.  Many TCU students said they thought the concert drew larger crowds and created an even stronger sense of community. Members of all ages from the TCU community also gathered along the fluorescent trees lining the Campus Commons as children ran around laughing, writing letters to Santa and drinking hot chocolate in 70 degree weather.Sophomore Ashley Duncan, a neuroscience major on the pre-med track, said it’s a good break from all the stress that comes with the end of a semester. “It’s just a way to get everyone together to celebrate a time, have hot chocolate and see kids running around,” Duncan said. “It’s just like a community celebration.”Thompson said student activities puts a lot of care into planning the event which is what makes the ceremony so special for all members of the TCU community.“We’ve found that people just love being together with the community, the tree and the fireworks—all that stuff is what they come for,” said Thompson. “TCU has changed so much over the years, but I think this is a tradition that has really continued to hold firm.”last_img read more

Program offers classes for anyone over 50 years old

first_imgFacebook Twitter printTCU’s enrollment growth isn’t limited to its undergraduates.Silver Frogs, an extended education program for people over 50, has grown from 160 members to 500 since it started in 2015.Members pay $145 individually or $260 for couples for four weeks of programming. Non-credit classes and lectures are offered during the fall and spring. Classes are 90 minutes a week for four weeks, and lectures are one session for 90 minutes. There are 104 offerings this semester.“We sell out every semester,” said Julie Lovett, Silver Frogs liaison. “We have a retention rate of 89 percent right now from semester to semester.”She said there’s a range of options.“We have interest groups for arts, ethics, women and wine, a men’s breakfast club, square dancing, German,” Lovett said.Barbara and David McClellan are in their second semester of the program and are taking the rock ‘n’ roll class.“We both grew up in the ’60s and love the music,” Barbara McClellan said.Barbara is a TCU graduate, but that is not a requirement to be a member of Silver Frogs.Lovett said the response has been unbelievable.“We’ve really been able to maintain a sense of community with the Silver Frogs,” she said. “We’re always looking for new space to hold our programs, but at some point, you get too large where you become more of a number and we never want to get that big.” Linkedin Taylor Boserhttps://www.tcu360.com/author/taylor-boser/ Linkedin Taylor Boserhttps://www.tcu360.com/author/taylor-boser/ Taylor Boser Twitter Taylor Boserhttps://www.tcu360.com/author/taylor-boser/ CASA of Tarrant County advocates for children in foster care Welcome TCU Class of 2025 ReddIt Silver Frogs offers classes from anyone over 50 years old. Photo by Taylor Boser World Oceans Day shines spotlight on marine plastic pollution Ash Wednesday marks start of Lent I am a senior journalism major from the great city of Chicago. Watching E! News while eating a Chipotle burrito is my favorite pastime. Go Cowboys! + posts TCU places second in the National Student Advertising Competition, the highest in school history Taylor Boserhttps://www.tcu360.com/author/taylor-boser/ Facebook Counseling available as TCU mourns a student’s death Majority of faculty votes yes on DEI ballot ReddIt Previous articleStudents feel left out of campus activitiesNext articleWhat we’re reading: To destroy or not to destroy Taylor Boser RELATED ARTICLESMORE FROM AUTHORlast_img read more

Photojournalist “sent on holiday” after covering death of five children

first_img China’s Cyber ​​Censorship Figures News News Receive email alerts RSF_en Organisation December 5, 2012 – Updated on January 20, 2016 Photojournalist “sent on holiday” after covering death of five children Help by sharing this information ChinaAsia – Pacific June 2, 2021 Find out more Newscenter_img Follow the news on China ChinaAsia – Pacific March 12, 2021 Find out more Reporters Without Borders is dismayed to learn that independent photojournalist Li Yuanlong was forced to leave the southwestern province of Guizhou, where he lives, after he posted photos and information online about five homeless children who were found dead from carbon monoxide poisoning in a trash container.“Sending journalists who cover sensitive stories into internal exile is commonplace in China,” Reporters Without Borders said. “Prior to the Communist Party’s 18th Congress at the start of November, the procedure was used with many of the best-known independent news providers who are often interviewed by the foreign media.“The aim of this kind of reprisal is to encourage self-censorship and suppress information that raises questions about the policies or competence of the authorities.”The five children were found dead in a trash container in Bijie, a city in Guizhou province, on 15 November. They had taken refuge in the container because of the cold and were killed by the carbon monoxide generated by the fire they lit inside the container. A former reporter for the state-owned Bijie Daily who lives in the neighbourhood where the bodies were found, Li drew attention to the tragedy by posting an article and photos on the Chinese website KDnet.The Chinese school system came in for immediate criticism because no one had paid any attention to the fact that the children had not gone to school for several weeks. Six officials were fired after the story was picked up by the national and international media.Li was given a warning by the police, who told him to take down his story from the website. After he refused, he and his wife were taken by force to a nearby airport on 21 November and were put on a flight to the southern island of Hainan, hundreds of kilometres from their home.A message subsequently posted on KDnet from Li’s account denied that he had been subjected to internal exile. Identifying himself as Li, the author of the message said he had left in order to “deal with an emergency situation.”The claim was not confirmed by Li’s son, Li Muzi, when interviewed by the South China Morning Post.Li Yuanlong and his wife were finally able to return home after three days of “forced vacation” but, according to a Reporters Without Borders correspondent, the police are preventing them from giving interviews to the media.The authorities have had Li in their sights for some time. He was arrested by the Guizhou National Security Bureau in 2006 in connection with articles calling for democratization. And he was given a two-year jail sentence on 13 July 2007 on a charge of inciting the overthrow of the state.China is ranked 174th out of 179 countries in the 2011-2012 Reporters Without Borders press freedom index and is on the Reporters Without Borders list of “Enemies of the Internet.” Democracies need “reciprocity mechanism” to combat propaganda by authoritarian regimes April 27, 2021 Find out more China: Political commentator sentenced to eight months in prison News to go furtherlast_img read more

Macerich looks to tap investors after stings from Covid then day traders

first_imgEmail Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Full Name* Message* Macerich CEO Thomas E. Hern and Arden Fair mall in Sacramento, California. (Macerich)Macerich Company, the beleaguered mall REIT whose stock briefly soared last week before falling back down, is preparing to issue up to $500 million of new equity.One of the largest shopping center owners in the U.S., Macerich is now shopping for investors to help it meet its outstanding debt obligations, according to filings with the Securities and Exchange Commission. The Santa Monica, California-based company has a $1.5 billion line of credit that was fully drawn and comes due in July, along with $800 million in mortgages in forbearance plans.The move comes a few days after individual investors bid up the share price of Macerich — along with now famously, GameStop, AMC and Bed Bath and Beyond — catching hedge funds that had bet against them off guard. It made for a wild week on Wall Street as Macerich shares surged 72 percent to a high of $22.38 on Jan. 27, before giving up the gains just as quickly. The stock closed Tuesday at $12.31.Despite the massive swings, or perhaps because of them, some companies emerged better positioned to cope with the financial effects of the pandemic.Movie theater chain AMC capitalized on its own volatility, raising $304 million by selling shares last week, and reducing its debt burden by $600 million as investor Silver Lake swapped debt for equity — clearing about $112 million in profit.Macerich didn’t have such luck, and its largest single investor, Ontario Teachers’ Pension Plan, cashed out last week as it rode the wave, selling all its shares for $500 million.Prior to the pandemic, which has pummeled the company, Macerich’s properties were already heavily leveraged. An infusion of $500 million through a new equity issuance would be a “good start,” said Alex Goldfarb, a Piper Sandler analyst who covers mall REITs.But Goldfarb said Macerich will need to raise as much as $2 billion this year to meet its outstanding debt and mortgage obligations.The company owns 28 shopping centers concentrated in California, Illinois and New York, totaling about 25 million square feet. It also has another 18 million square feet across 21 joint ventures in regional cities where it is at least a 50-percent owner.Preliminary figures Macerich released Monday ahead of its fourth quarter earnings show a predictable decline, Goldfarb said. Net operating income fell 33 percent to $155 million in Q4 compared to the same time in 2019. Tenant occupancy also slipped, to 90 percent from 94 percent, according to Piper Sandler. Funds from operations for Q4 also dropped to 72 cents a share from $1.01 year-over-year.Rent collection was strong in the fourth quarter, slightly above 2019 rates, indicating the company overcame collection difficulty experienced early in the pandemic. In the first quarter of 2020, Macerich collected just 26 percent of rent from tenants.Now, to help Macerich refinance its outstanding debt, “explaining its plans to recapitalize the business will be crucial to winning investors,” Goldfarb said.Contact Orion Jones Share via Shortlink TagsmacerichReal Estate and FinanceRetail Real Estatelast_img read more

Cryosphere: Entry beneath ice

first_imgIce shelves in West Antarctica have been shown to melt where warm circumpolar deep water enters a sub-shelf cavity. A bathymetric reconstruction of Totten Glacier in East Antarctica suggests that the same process may be at work there.last_img