This dividend growth stock hasn’t cut payouts! I’d still avoid it at all costs

first_img Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Shipping giant Clarkson (LSE: CKN) has a long record of dividend growth. I fear, though, this could come crashing down before long. News in recent days has intensified my concerns too.It hasn’t decided to axe dividends entirely. Late last month, it advised it would “defer the decision on the amount and timing of the [final] dividend until later in the year once the impact of Covid-19 on maritime markets and [our] business becomes clearer.”5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Worrying newsI’m not particularly hopeful any final payout for 2019 will eventually be paid. The shipping industry is sinking as global lockdowns smash trade. It’s why maritime research body Sea-Intelligence told the BBC ship journeys could topple around 25% in the first half of 2020.For the whole year, Sea-Intelligence expects journeys to drop 10% year-on-year. And this, coupled with the possibility of slumping shipping rates, could create a perfect storm for the likes of Clarkson.Should rates also fall at the same level as they did following the 2008/2009 banking crisis (by 20%), and sailing volumes remain around 10% lower, operating losses of up to $23bn could materialise, the organisation estimates.To put this into context, Sea-Intelligence says: “That would wipe out the shipping firms’ last eight years’ worth of profits.”Prolonged painDividend growth hero Clarkson has raised annual payouts every year for more than a decade and a half on the spin. But I fear the coronavirus outbreak could put this proud record to the sword.It’s not just the threat of overspill into the second half of the year. Some parts of Europe are lifting lockdowns and the US could be on the brink of easing its own restrictive measures. But rising global infection rates mean governments could soon back-peddle on attempts to lift quarantine measures.It’s the likes of Clarkson that also have to fear the consequences of a deep and lasting recession when the coronavirus crisis begins to recede. International Monetary Fund forecasts yesterday suggested a sharp decline in the world economy this year and just a modest recovery in 2021 too.Dividend growth to fall?There’s also plenty of worrying signals for Clarkson’s broking services. The Baltic Dry Index was sinking even before the Covid-19 outbreak hit global trade. It’s fallen 70% since last September.Aside from the rising pressure on its dry cargo and container operations, weak energy demand threatens to smack the profits it generates from tankers and liquid natural gas carriers. Painful and prolonged crude price weakness casts a cloud over its offshore broking services as well.City analysts expect Clarkson to endure a 12% earnings drop in 2020. However, they expect the business to rebound in 2021 and record a 21% bottom-line rise. The chances of both forecasts being hacked down as the year progresses are high and rising, in my opinion.I think it’s just a matter of time before the business bites the bullet and stops growing dividends as heavy profits pressure sets in.center_img Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. This dividend growth stock hasn’t cut payouts! I’d still avoid it at all costs Royston Wild | Thursday, 16th April, 2020 | More on: CKN See all posts by Royston Wildlast_img read more

Concern expects a fall of €5 million

first_img Concern Worldwide expects a drop of €5 million in its fundraising in Ireland for 2008 but given the economic situation is pleased with the result, according to its head of fundraising. Concern raised €45 million in Ireland in 2007 and is estimating €40 million in 2008.Concern says most donors are continuing to support them but that the average donation has fallen slightly, while the most substantial reduction in support has been from the business sector and wealthy individuals. This was evident in the early part of last year, but worsened towards the year end.‘‘Most people are continuing to give – and we are extremely grateful for that – but the amounts are down,” said Richard Dixon, head of fundraising for Concern Worldwide.‘‘While the large donations are down, they didn’t disappear altogether, and they are still going to be around 10-11 per cent of the total donated funds. ‘‘Yes, times are tough, and it would be easy to whinge incessantly, but that would not be beneficial, appropriate or honest, as people have been good in supporting us,” said Dixon.Concern Worldwide finished last year 7 per cent down on its projections and was ‘‘thrilled’’. Its 2007 accounts show that it raised €55.6 million. Of that, €45 million was for the Republic, with the rest from Britain and the North. It is expected that 2008 will finish at €40 million raised in the Republic.Concern’s non-government donations break down as follows: 11 per cent from corporate/ large donors (17 per cent in 2007); 80 per cent from individual donations (75 per cent in 2007); and community fundraising – such as treks, fasts and pub quizzes – account for 8/9 per cent.Some €3 million of the individual donations are left to the charity in wills. This is set to suffer in coming years – estates are taking longer to close because houses are not selling and, when they do sell, they are going for less.Concern World wide has had to make a number of tough decisions as a result of the deteriorating economy and the tightening of funding lines.These included not replacing head office staff who have left, closing projects overseas, and a pay freeze for last year and 2009, as well as reductions in all non-essential expenditure, such as travel and subsistence.www.concern.net AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Giving/Philanthropy Ireland Research / statistics  24 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Concern expects a fall of €5 million Howard Lake | 17 February 2009 | News 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.last_img read more

San Diego remembers Sagon Penn

first_imgMembers of the San Diego Committee Against Police Brutality (CAPB) and ­Workers World Party remembered the legacy of Sagon Penn on Aug. 18 as part of their local Black August Observance.On March 31, 1985, Penn, a 23-year-old African-American man and other passengers riding in his truck were racially profiled as gang members by San Diego police officers Donovan Jacobs and Tom Riggs — despite no history of gang involvement by any of the young men. “I’m going to stop a truckload of Crips,” Riggs radioed.Addressing Penn with the provocative greeting, “What’s up, Blood?” the officers asked Penn for his ID. Penn gave them his entire wallet. The officers returned his wallet and told him to remove his ID. Penn complied with their demands while asking what the problem was. As the story goes, the officers subsequently began to beat Penn, a martial arts expert. Jacobs punched Penn while Riggs kicked Penn and beat him with a baton.Blocking some of the blows, Penn defended himself, got ahold of Jacobs’ revolver, fatally shooting Jacobs and injuring Riggs and their ride-along passenger. Subsequently charged with manslaughter and murder, Penn was found not guilty in two trials. The jury deadlocked 11-1 in favor of Penn for the involuntary manslaughter charge.Despite his acquittals, Penn became persona non grata with the San Diego prosecutors and police agencies. For the next 17 years, Sagon Penn dealt with their constant harassment. Stating he “couldn’t have a life,” Penn committed suicide on July 4, 2002.For many Black San Diegans, people of color and other progressive communities, Penn is remembered as a martyr of international importance. He was a child of the Civil Rights and Black Power movements here. His family members were stalwarts in the struggle for Black Liberation. As the public rallied in defense of Sagon Penn, his case brought over two decades of Black Liberation struggles in San Diego full-circle.Anti-police brutality campaigns and Black Liberation struggleThe economy of San Diego is vastly different than that of Los Angeles and San Francisco. Since World War II, and following the collapse of the cannery industry, San Diego lacked an industrial base. Instead, real estate speculation, private investment firms, military contracting and tourism have historically defined San Diego’s economy. In recent decades, biotechnology has also made its mark. With the exception of the military’s enlisted ranks, the economy of San Diego has been historically structured with little to no regard for Black labor or life.Yet a contradiction arose in the 1950s and 1960s, with the rapid growth of Black San Diego. The city was not planned for Black people, but the rapid growth of the military made Black resettlement inevitable.Under these conditions, the police became a containing force for all of Black San Diego. This has brought meaning to all elements of grassroots mobilization. Central to the National Question and Liberation of Black and Brown San Diegans, struggles against police brutality and biased policing have informed campaigns over housing, employment, education, immigration and even anti-apartheid solidarity.In 1963, Black San Diegans organized a branch of the Afro-American Association, a proto-Black Power organization that influenced the formation of the Us Organization and the Black Panther Party in later years.Amidst struggles for housing and economics, AAA head Joshua Von Wolfolk demanded that San Diego police “start treating Black citizens like human beings and not like dogs.” Von Wolfolk demanded the creation of a San Diego human relations commission as well as other reforms. “If you cannot do the right thing, we’ll get on with the revolution,” Von Wolfolk declared.The next year, younger affiliates of the AAA and a new Black Power organization, the Black Conference (which included University of California-San Diego graduate student Angela Davis), organized the first solely anti-police brutality group in the city, the Citizens Patrol Against Police Brutality.Following the lead of the Citizens Alert Patrol in Los Angeles, the CPAPB followed squad cars, observed arrests, informed the public of their rights and participated in Black consciousness-raising efforts. The CPAPB and young members of the Black Conference eventually formed the San Diego chapter of the Us Organization by early 1967. One of its members was the longtime activist Vernon Sukumu, who served as head of the Sagon Penn Defense Committee 20 years later.Committee Against Police Brutality in action in San DiegoFrom the late 1960s through the 1980s, anti-police brutality efforts united Black and Brown residents and fueled every moment of the Black Liberation struggle. The 1975 death of Puerto Rican youth Tato Rivera in National City and the 1978 killing of Tyrone Thomas by San Diego police conjoined African Liberation struggles and immigration struggles for local Black and Chicanx organizations. News of the Penn case reached as far as South Africa and garnered the support of a number of activists, athletes and entertainers.Formed in August 1999, the San Diego Committee Against Police Brutality followed in this tradition, especially in four important cases: the Sagon Penn case, the 1999 death of former National Football League linebacker Demetrius Dubose, the 2003 death of Billye Venable and the death of Victor Ortega in 2004. With evidence of state targeting of Black and Brown people, evidence of witness and jury tampering, lying under oath and collusion between the court and the police agencies, these four cases underscore the need for the CAPB.The San Diego CAPB now proposes a revival of the San Diego Sagon Penn Copwatch Chapter, the establishment of peace patrols, continued political education about police practices, the collection of data and the eventual establishment of a truly independent Citizens Review Board on police practices.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Global Semiconductor Process Control Equipment Market (2021 to 2025) – Featuring Applied Materials, ASML…

first_img Pinterest Previous articleHendrick hesitant to change Bowman’s engine before 500Next articleKayne Anderson Renewable Infrastructure Fund Surpasses $50 Million in Assets Digital AIM Web Support By Digital AIM Web Support – February 12, 2021 Facebook WhatsApp Pinterest Twitter Local NewsBusiness Twitter TAGS  Facebook WhatsApp Global Semiconductor Process Control Equipment Market (2021 to 2025) – Featuring Applied Materials, ASML Holding and Hitachi Among Others – ResearchAndMarkets.comlast_img read more

Man drowns in Creggan reservoir

first_img Dail hears questions over design, funding and operation of Mica redress scheme HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp Pinterest Man drowns in Creggan reservoir Google+ Facebook Dail to vote later on extending emergency Covid powers A 19-year-old man has drowned in a reservoir in Creggan in Derry.The emergency services were called to the scene early this morning, and police divers recovered the body at about 6.30amThe police are not treating the death as suspicious. PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal News Previous articleJury due to retire in Michaela McAreavey murder trialNext articleInvestigation launched to find who ploughed protected Donegal beach News Highland center_img Twitter Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHOR Pinterest WhatsApp By News Highland – July 12, 2012 Twitter Google+ Facebook Man arrested in Derry on suspicion of drugs and criminal property offences released last_img read more

Govt. Officials Like ‘Kumbhkarana’; Need To Be Woken Up From Slumber By Using Different Means: Jammu & Kashmir High Court

first_imgNews UpdatesGovt. Officials Like ‘Kumbhkarana’; Need To Be Woken Up From Slumber By Using Different Means: Jammu & Kashmir High Court Sparsh Upadhyay11 Dec 2020 4:08 AMShare This – xExpressing its displeasure over the working of the government officials in Jammu and Kashmir, the J&K High Court on Wednesday (09th December) compared the Government officials with “Kumbhkarna” from Ramayana, who used to sleep for six months at a stretch. The Bench of newly appointed Acting Chief Justice Rajesh Bindal further observed, “As has been mentioned in Ramayana,…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?LoginExpressing its displeasure over the working of the government officials in Jammu and Kashmir, the J&K High Court on Wednesday (09th December) compared the Government officials with “Kumbhkarna” from Ramayana, who used to sleep for six months at a stretch. The Bench of newly appointed Acting Chief Justice Rajesh Bindal further observed, “As has been mentioned in Ramayana, Demon King Rawana had to use a lot of noise and different means to wake up Kumbhkarana, when his kingdom was in trouble. Here also the government officials are to be woken up from slumber by using different means.” The matter before the Court The Court was hearing a writ petition filed by the National India Construction Company, challenging the rejection of the bid submitted by it during technical evaluation for construction of a road under the Pradhan Mantri Gram Sadak Yojana (PMGSY). As per the procedure, firstly technical bids were to be opened and those who qualified that stage were to be considered for financial evaluation. However, the petitioner’s bid was rejected during technical evaluation and the reason assigned was “rejected-technical” It was submitted by the Petitioner that it was deprived of participation in the tendering process in the last seven years on account of the frivolous dispute created by the department. Court’s Order Noting that the petitioner was not fulfilling the conditions as it did not have the requisite amount of turnover during five previous financial years before the e-NIT was issued, the Court held that the challenge to the rejection of its bid on account of non-fulfilment of those conditions, cannot be entertained after his technical bid had been rejected. Thus, the Court dismissed the petition. Court’s Observations The Court, in its order, noted that in the instant case, a project for creation of infrastructure in Union Territory of Jammu & Kashmir had been put on hold, on account of interim stay granted by this Court on 17.04.2018. “As usual the department was sleeping over the matter. They did not even take care to file objections immediately after receipt of notice”, said the Court. Noting that in the instant case, replies/objections were not filed in time, the Court stated that in some cases replies/objections are not filed even for a decade. In this context, the Court observed as to how lightly the litigation is taken by offices in Jammu & Kashmir and that the result of “this casualness is causing huge loss to the public exchequer”. Further, the Court remarked that despite its order of May, 2019, the official respondents “continued sleeping over the matter for more than one year and objections were not filed to the writ petition. To wake them up, they had to be scolded.” The Court also observed that “apparently there has to be some monitoring authority standing on the heads of all departments with a stick to take even routine work from them…there can be some vested interest to keep silent and delay execution of projects.” Lastly, the Court said, “All the government employees are trustees of the public money and time has come that people can ask them to be accountable for not using the same properly or wasting the same. The way of working and attitude of shirking responsibility will not change unless the people at the helm of affairs are held accountable for their actions and inactions; of course, bonafides are always seen.” Court’s observation regarding the cost of the Project While observing that many similar instances have come before the Court earlier, the Court found it strange that any successful bidder is ready and willing to execute the project at the same rates even after five to ten years after the same was allotted. To this, the Court said, “Apparently, it can be for one reason that the rates at which the works are allotted are so high that any contractor is able to execute the same even after five to ten years of allotment thereof, even if the time provided for completion of the work maybe 1-2 years.” Further, noting that there could be an issue of quality of construction, the Court directed the Chief Secretary, Government of Jammu & Kashmir to refer some cases for test audit to the Central Road Research Institute, New Delhi for quality of the works being executed here. The Court ordered that the estimated cost of the project calculated by the department should also be gone into by the Institute. Case title – M/s National India Construction Company v. State of J&K and others [OWP No. 672/2018 (O & M)] Click Here To Download OrderRead OrderNext Storylast_img read more

Jadestone, Total relinquish SC56 offshore licence in Philippines

first_img Jadestone Energy expects to record $50.5m impairment charge for relinquishing the licence. (Credit: Keri Jackson from Pixabay) Singapore-based Jadestone Energy and Total have voluntarily surrendered and terminated Service Contract 56 (SC56) in the Sulu Sea in the Philippines.In this connection, Jadestone’s fully-owned subsidiary Mitra Energy (Philippines SC-56) and operator Total E&P Philippines, a subsidiary of Total, have notified the Philippines Department of Energy of their decision.Jadestone Energy expects to record a one-time impairment charge of nearly $50.5m for relinquishing the licence.The amount is a total of historical capitalised exploration expenditures on the SC56 block, which is mainly associated with the company’s previous management.Jadestone Energy president and CEO Paul Blakeley said: “We remain focussed on our strategy of delivering value from producing fields and near-term developments in the Asia Pacific region, while avoiding early-phase greenfield exploration plays such as SC56, requiring multi-year capital programmes prior to production and cashflow.“Nor would the major investments in new pipelines and facilities fit our sustainability objectives which include a focus on maximising use of existing infrastructure.“SC56 was a legacy asset inherited from the previous management and only had option value through a carried well.”In December 2017, Mitra SC56 had filed a  arbitration case against its partner Total alleging that the latter breached their 2012-dated farm out agreement.One of the accusations made by it on Total was that the latter did not drill an exploration well on the deepwater Halcon prospect in the SC56 licence.Total holds a stake of 75% in the offshore licenceTotal holds a stake of 75% in the offshore licence, while Jadestone Energy holds the remaining 25%.In January 2020, Jadestone Energy got a favourable ruling from the tribunal, which concluded that Total had breached the farm out agreement. The tribunal ordered Total to pay over $11m to its partner to settle the issue.Following the relinquishment and termination of SC56, the partners will have to make a payment for their unfulfilled work commitments at the offshore Filipino licence.Jadestone Energy’s share will be met partly from the proceeds of the arbitration ruling. The partners will be subject to a payment for not meeting their work commitments at the Filipino licencelast_img read more

Canberra’s Mariner’s Skills Evaluation Underway

first_img View post tag: Mariners View post tag: skills View post tag: News by topic Share this article View post tag: underway Back to overview,Home naval-today Canberra’s Mariner’s Skills Evaluation Underway Canberra’s Mariner’s Skills Evaluation Underwaycenter_img View post tag: Canberra’s Training & Education Newly commissioned Landing Helicopter Dock, HMAS Canberra, has proven she has what it takes to conduct a safe boarding operations recently, with tough couple of days of assessment from Navy’s Sea Training Group.The testing period forms part of the Mariner Skills Evaluation which checks a range of mariner competencies specific to maintaining the safety of the ship and ship’s company at sea. Canberra’s was tested on her ability to operate in a peace-time environment and overcome a range of potential emergencies.The first two days of evaluation were conducted alongside Fleet Base East before the ship sailed for the first time as HMAS Canberra to conduct the sea phase.The boarding operation was the second evolution to be assessed, with Canberra already having achieved the necessary standard for Diving Operations.Sea Training Group’s Fleet Direction Officer, Lieutenant Commander Aaron Scott, said that the aim of the evaluation was to test a basic low level boarding.“We conducted a training exercise with Canberra’s boarding party to ensure that it was safe and effective at going through their procedures for conducting low level boarding operations.“Canberra’s boarding team did really well, they were safe, effective and very enthusiastic. They performed their job to a good standard,” Lieutenant Commander Scott said.Canberra’s First Lieutenant, Lieutenant Commander Michael Nipperess, said the ship had to work together to effect a successful boarding operation.“A boarding operation not only involves the teams that go out to board the vessel, but also the boat crews who take the teams out, the operations staff who provide the information, logistics personnel that sustain the team, and the others who allocate weapons, body armour and radios for the teams to prepare,” said Lieutenant Commander Nipperess.“It takes a range of teams from across the ship to be prepared so we can effect a professional, safe boarding operation which achieves the aims of the mission,” he said.Able Seaman Kye Jones said he enjoyed being part of Canberra’s boarding team.“In my role as crew security, I help keep the boarding team and the crew of the vessel being boarded safe,” said Able Seaman Jones.“Our boarding team has trained hard in a relatively short period of time to build a strong bond and I think that is what led to a good result,” he said.Canberra’s Boarding Officer, Lieutenant Ben Stewart, said he was very proud of the team.“We came together, did what we trained to do, and executed it well,” he said.Canberra sailed this month to conduct the at sea phase of Mariner Skills Evaluation prior to returning alongside Fleet Base East for a reduced activity period over Christmas.Press Release View post tag: Evaluation December 29, 2014last_img read more

Secret identity

first_imgMichael Fosberg proudly refers to himself as AAA — Armenian African American.He didn’t find out about the African American part until he was a grown man.“My biological mother and adoptive stepfather raised me in a suburb just north of Chicago, and when they announced they were divorcing, while I was in my early 30s, I realized I knew nothing about my biological father whom my mother had left when I was just a baby,” he explained.So he tracked down his biological father, who informed Fosberg in that first, nervous phone call that he was black.“I was certainly shocked,” said Fosberg, “but not a shock of unacceptability, more of ‘Oh, my God, I knew this’ … or at least had a sense of this my entire life. I just never had the proof.”His life was changed forever. He tells his story all over the country in his one-man play, “Incognito,” which he’ll perform April 6 in Boylston Hall in an event hosted by the Du Bois Graduate Society, a student organization at the Graduate School of Arts and Sciences (GSAS), and co-sponsored by the Office of Diversity and Minority Affairs at GSAS.Fosberg’s father shared stories of family members who played significant roles in African-American history: a distant relation to the abolitionist John Brown; a great-great-grandfather who served in the 54th regiment during the Civil War; and a great-grandfather who was an all-star pitcher in the Negro baseball leagues.Amazed by this wealth of new information, Fosberg was also resentful of his mother “for not having shared this vital personal identity information with me,” he said. “I had to confront her but didn’t know how while harboring all the anger I did.”When Fosberg was a baby, he lived with his mother in a Roxbury housing project. “I was actually born in Long Beach, Calif., where my mother had run away to after leaving Boston University while she was pregnant with me and disowned by her family,” he said. “She was urged to return to Roxbury by my father and there she was — a 20-year-old, living in a tough ‘hood, in a very racially segregated city, with a black man, and disowned by her Armenian family.“It was a dear friend who called me and helped me understand what my mother, a young woman, had gone through to raise me in Boston during the late 1950s … and I realized I could forgive her for having to make some very difficult choices at a very young age.”In February, Fosberg published his memoir “Incognito: An American Odyssey of Race and Self-Discovery”; he has been performing his play around the country for 10 years.“I think it’s pretty amazing that I get to practice my particular art, get to provoke amazing dialogue following each show about issues of race, identity, stereotypes, divorce, adoption, finding a father, family secrets, etc., and make a pretty decent living doing so,” said Fosberg.“I have an amazing family, a rich family history, connections to people all across the country — both through family and through doing what I do — and, most importantly, I feel like I really know who I am and what my place is. I get to help people by being a bridge for difficult and often sensitive dialogue.”“Incognito” will be performed in the Fong Auditorium, Boylston Hall 110, from 5 to 7 p.m. on April 6. A discussion will follow. The performance is free, but seating is limited. Please rsvp to [email protected]last_img read more

Dreaming across America

first_imgCaren and her son Moses are Kenyan-born restaurant and cultural center owners filling stomachs and hearts in Durham, North Carolina. Uli is a German-raised, Peru-born microbrewer uniting and energizing the quiet coastal town of Grandy. And Caro is an El Salvador-born fashion designer sparking pride and style in Raleigh and Sanford.These three immigrant entrepreneurs, hailing from across the globe and settling throughout North Carolina, now have something new in common: their stories and small businesses are being tied together through the pilot of a new social enterprise based at the Harvard Innovation Labs. The venture, called “Dream Across America” (DreamxAmerica) joins two seldom-paired elements — filmmaking and impact investing — to highlight and support immigrant entrepreneurs launching small businesses across the country. It is co-led by a team of Harvard Law students and award-winning filmmakers in North Carolina.The team’s common motivator: to redefine and advance the American immigrant story. The co-founders are joined by intimate connections to America’s rich immigrant story: Andrew Leon Hanna, J.D. ’19 — a social entrepreneur, author, and Stanford Knight-Hennessy Scholar — is a first-generation Egyptian-American, and David Delaney Mayer — a Duke basketball player turned award-winning filmmaker — is the grandson of a refugee who immigrated from Germany after World War II.The venture’s filmmaking side aims to create greater unity and mutual understanding, across political divisions. DreamxAmerica is partnering with David Delaney Mayer Films to produce a docuseries of intimate portraits of the entrepreneurs. As producer Matt Brondoli noted, “It’s been inspiring to watch these [entrepreneurs] work. We try to convey their energetic spirit in the details of our footage — it’s in the small moments where the most inspiring things are found.”On the impact investing side, the goal is to partner with the featured entrepreneurs and enable small-business support. Kyrsten Lundh, J.D. ’19 talked about the aspiration: “These folks are already creating impactful legacies within their local communities. By facilitating opportunities for connection, support, and both social and financial investment, we want them to be empowered to cultivate their businesses and continue positively shaping those communities that rely on them.” As Adabelle U. Ekechukwu, J.D. ‘18 put it, “Being the daughter of two Nigerian immigrants who run their own small practices, I’ve witnessed how those deemed ‘other’ disproportionally struggle to find capital and support. [DreamxAmerica] presents an opportunity to help break down entry barriers that several immigrant entrepreneurs face in this country.”Looking forward, DreamxAmerica will launch in 2020 with its pilot, “DreamxNC,” and already has a letter of intent from PBS’s North Carolina affiliate to distribute its premiere season. It then plans to expand across the country, featuring and supporting small businesses in a range of local communities. Harvard Law professor and DreamxAmerica advisor Esme Caramello, J.D. ’99 summarized the effort’s unique vision:“A good story helps us to understand the world more deeply and with more nuance, priming us to act to promote justice. This project is extraordinary because it both brings us the stories that activate us and takes action itself.”last_img read more