Foxtons furloughs some staff and cuts pay for rest as revenues slump

first_imgFoxtons has announced that its commission revenue have dropped by 47% since the beginning of the Coronavirus crisis compared to the same time last year and that it is to raise money from the City to help finance the agency through the crisis.The company has also revealed that it has furloughed some staff and that those who haven’t been part of this scheme and who earn a basic salary of over £40,000 have been asked to take a 20% pay cut for April and May, and hat approximately 80% accepted.Also, all Executive Directors have volunteered to take a 20% reduction in base pay and all Non-Executive Directors a 20% reduction in fees for at least the two months of April and May.CEO Nic Budden (left) says the London property market has been severely disrupted by the Coronavirus crisis, cutting short a strong start to the year for the company.Until the lockdown, he say it started the year in a strong financial position, with a cash balance of over £15m and no external borrowings and a growing sales commission pipeline.“We have since prioritised the safety of our people and customers with a range of actions, including closing all our branches. We also worked quickly to minimise cash outflow ahead of a period of significantly reduced revenues for an uncertain duration,” he says.Foxtons has also decided to raise cash from the City in case of a ‘worst case scenario’ and to preserve it business capability so that it’s ready once the crisis ends.“This is an extremely challenging period for everyone but our people have been amazing in responding and I am confident we have taken the right measures both for our stakeholders and the business so that we can emerge from this crisis with the capability and financial position to thrive,” says Budden. Coping with coronavirus nic Budden Foxtons April 17, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » COVID-19 news » Foxtons furloughs some staff and cuts pay for rest as revenues slump previous nextCOVID-19 newsFoxtons furloughs some staff and cuts pay for rest as revenues slumpThe agency is battening down the hatches and planning for all eventualities including a Coronavirus ‘worst case scenario’ and is therefore raising extra cash from the City.Nigel Lewis17th April 202001,928 Viewslast_img read more

Justified…

first_imgPeople often describe Hollywood as a strange beast, by which they tend to mean it has a closed, glazed expression, piercing eyes, and a vast, sore-infested underbelly.In fact an elderly Marlon Brando would be a perfect cast, and, if still alive, he was an extra of choice for director David Lynch, an auteur exiled and virtually alienated by the studios for trying to bring art back into the business – and almost bankrupting a fair portion of it – who in 2001’s Mulholland Drive produced some thinly veiled allusions towards the “execs” who spin the web of intrigue in those dusty corners of Hollywood that the cameras never reach.The result was that the industry cut him loose to the point that even the French shunned their beloved muse. Now, if you want the best in web TV, Lynch is your man.So, anomalies like this aside, and no doubt thanks to the wilful self-distortions it drip-feeds its consumers on personal rose-tinted voyages through its past, Hollywood is normally only seen from the neck up. But currently blowing is a landmark legal case that threatens to expose the whole hideous bodyshot.This is courtesy of Anthony Pellicano, self-professed “private investigator to the stars”, who has dug up dirt for clients as diverse as Hilary Clinton, Steven Seagal and Michael Jackson. The detective’s sordid exploits are too numerous to recount here – imagine a particularly lurid Raymond Chandler novel and you get the picture.But now, despite a spate of prison spells to deter him, Pellicano has gone a bridge too far. A botched blackmail by Pellicano of a journalist getting too close to all his secrets culminated in the FBI raiding his office and uncovering almost two billion pages of phone tap transcripts.The resultant grand jury investigation is now about to indict the industry figures they believe knowingly instigated wiretapping and witness tampering. And we’re not talking Joey extras. Managers, actors, businessmen and lawyers are being questioned, and in some cases subpoenaed, by the federal government in a widening grand jury investigation of suspected illegal wiretapping that has moved beyond Los Angeles and as far as New York.Those being investigated and hoping not to receive the call include former Disney President Michael Ovitz, Paramount Chairman Brad Grey, Universal President Ron Meyer and legendary entertainment attorney Bert Fields. All your basic dream merchants bathing in the same swamp of corruption, blackmail and corporate greed. It turns out that if you sell people a dream, you are probably the stuff of nightmares.Lavish and fantastical as his imaginings were, David Lynch never came close to rivalling this. So it seems that life – and a good sprinkling of investigative journalism – triumphs over art any day. But as we will probably now suffer a thousand preachy Michael Moor-esque documentaries, maybe gazing down at all the corpulent rot was a bad idea. It will only be reflected in the films we see.ARCHIVE: 3rd week MT 2005last_img read more

VA Failed to Report 90 Percent of Poor-Performing Doctors

first_imgStars and Stripes | 05 Dec 2017 | by Nikki WentlingWASHINGTON –– The Department of Veterans Affairs fails to report 90 percent of poor-performing doctors to national and state databases intended to alert other hospitals of misconduct, according to findings released Monday by the Government Accountability Office.The government watchdog found VA officials were slow to investigate when concerns were raised about the performance of certain doctors. Further, in eight out of nine cases, the VA failed to report doctors who didn’t meet health care standards.“Until [the Veterans Health Administration] strengthens its oversight of these processes, veterans may be at increased risk of receiving unsafe care through the VA health care system,” the GAO concluded.The findings were based on reviews of 148 instances of complaints against VA medical providers at five hospitals from 2013 to 2017. The concerns ranged from unsafe or inconsistent practices to doctors incorrectly recording patient visits.The VA failed to document about half of those cases, the GAO found. For 16 doctors, the VA waited multiple months or years to initiate reviews of complaints.During that time, nine doctors were disciplined by the VA for possible professional incompetence or misconduct, or they resigned to avoid disciplinary action. But the VA didn’t report any of them to state licensing boards, and only one was reported to the National Practitioner Data Bank. Those databases are designed to inform other health care facilities about doctors’ past performance.In one instance, a doctor who resigned from the VA while under investigation was not reported, and later hired to another, non-VA hospital in the same city. Two years later, that hospital disciplined the doctor for the same conduct that prompted the VA investigation, the GAO reported.The GAO is recommending the VA improve oversight of how concerns raised about doctors are reviewed and documented. In response to the watchdog report, VA Deputy Chief of Staff Gina Farrisee wrote the agency agreed with the recommendations and would comply with them by October 2018.“Without documentation and timely reviews of providers’ clinical care, [VA] officials may lack information needed to reasonably ensure that providers are competent to provide safe, high quality care to veterans,” the GAO report reads.The U.S. Office of Special Counsel has recently received complaints from whistleblowers that seem to back up the GAO findings of VA leadership failing to address concerns about doctors, inspectors wrote.A subcommittee of the House Committee on Veterans’ Affairs is planning to meet Wednesday morning to discuss the report publicly.Read the full report here.FacebookTwitterCopy LinkEmailSharelast_img read more

Clause Limiting Time Client Can Sue Attorney Violates Public Policy

first_imgJennifer Nelson for www.theindianalawyer.com FacebookTwitterCopy LinkEmailShare The contract a client signed to have the Conour Law Firm represent her contained a clause limiting her ability to sue the firm to one year, which the Indiana Court of Appeals found violated public policy and the Indiana Rules of Professional Conduct. The lawsuit seeking to recover settlement funds stolen by William Conour continues against his former colleague.Rene DiBenedetto entered into a contract with the Conour Law Firm in April 2010 to have the firm represent her in an automobile accident. Her case settled, but she never received any of the settlement money. Timothy Devereux at that time worked at the law firm and met with DiBenedetto about her case. He left the firm at the end of 2011, and in April 2012, Conour was charged with wire fraud for stealing millions from clients. DiBenedetto filed her lawsuit against Devereux in October 2013.She alleged Devereux breached a “duty to make sure that the law firm would make reasonable efforts to ensure that the firm had in effect measures giving reasonable assurance that all lawyers and non-lawyers in the firm conform to the Rules of Professional Conduct.” She contended Devereux “is liable for Rene DiBenedetto’s loss of settlement proceeds” by virtue of his employment relationship with Conour.Devereux moved for summary judgment, which the trial court denied. In Timothy Devereux v. Rene DiBenedetto, 49A02-1411-CT-780, he argued that DiBenedetto was bound by the one-year limitation in her contract with the law firm as to when she could bring a lawsuit, and she had one year after Conour’s arrest to file the suit.There have been no Indiana decisions addressing shortening the period of limitations for legal action against an attorney. The judges looked toCharnay v. Cobert, 51 Cal. Rptr. 3d 471, 481 (Cal. Ct. App. 2006), a legal malpractice decision regarding a clause in a billing contract requiring the client to contest the bill within 10 days or be bound by it. That court noted a contractually shortened limitations period has not been upheld outside of straightforward transactions.“We agree with the Charnay analysis and find it consistent with Indiana Rule of Professional Conduct 1.8(h). The clause in DiBenedetto’s contract with the Firm that shortens the time for filing a lawsuit violates public policy and is void. Therefore, the trial court properly denied Devereux’s motion for summary judgment. We expressly decline to comment on the merits of DiBenedetto’s action against Devereux. The opinion should be read to address the issue of the limitations clause found in the contract between DiBenedetto and the Firm, and nothing else.last_img read more

Ween Announces Three Night Run In Las Vegas, Their First Since 2005

first_imgThe Ween reunion dates keep coming in! Today’s announcement is a big one, as the band has revealed plans to play three nights in Las Vegas, NV in early 2017. The shows mark Ween’s first performances in Sin City since 2005, when they performed surrounding the Vegoose Festival over ten years ago. The excitement is palpable.Ween has been focusing heavily on multi-night runs across the country, and this is no exception. The band will set up shop at the Brooklyn Bowl Las Vegas from February 17-19. Not only are these Ween’s first Vegas shows since 2005, but the run comes a full year after the band’s initial return to form in Colorado in February of 2016.One year later, and it’s nice to see that Ween isn’t slowing down in the slightest.Ween Announces Their First Release Since 2008, “GodWeenSatan Live”A pre-sale for tickets will begin tomorrow, October 25th, with the full on sale this Friday, October 28th. More info about tickets can be found here. We can’t wait to see what Ween will do over this President’s Day weekend celebration. ¡Viva Las Vegas!last_img read more

Europe’s calmer side

first_imgAuthor, essayist, and historian Stella Ghervas ― a visiting scholar at Harvard’s Center for European Studies ― was born in Moldova; studied in Russia, Romania, and Switzerland; and until recently taught in France.Her transnational background, along with a mastery of six languages, makes Ghervas a living embodiment of one of her favorite ideas: that Europe is more expansive than most of us think. It’s a region, she said, that historically, culturally, and geographically includes not just the Western Europe of Britain, France, and Germany, but also Russia and a multitude of nations between the Baltic and the Black Sea. Of European history, she said, “We have to have this enlarged understanding.”This culture-blending longue durée sense of the continent will soon be on display in “What Is Europe? Politics, Power, and Peace, 1700-2015,” a course Ghervas is offering at Harvard Summer School starting on June 22.Her students will get a novel view of Europe: that its history is more about making peace than it is about making war. The course, said Ghervas, will change the commonplace approach to European studies, which has been to teach a “history of violence: wars, revolutions, strong commotions, a history of discontinuities.”Later this year, she will complete a book for Harvard University Press on the history of peacemaking in Europe, and its evolution since the 18th century from a place of warring states, to states in uneasy balance, and finally to states in permanent negotiation with one another.The book, “Conquering Peace: From the Enlightenment to the European Union,” starts in 1713, when the Treaty of Utrecht was signed, ending Louis XIV’s ambitions to dominate all of Europe. This series of pacts, also called the Peace of Utrecht, introduced the term “balance of power,” which for a time, Ghervas said, became the chief way “to maintain equilibrium and peace in Europe.”In her course, Ghervas will touch on primary documents in the continent’s history of peace. Students will also focus on the personalities whose ideas and actions shaped the concept of a united Europe. Early on was author and thinker Abbé de Saint-Pierre, whose “Project for Setting an Everlasting Peace in Europe” (1713) became a classic. This influential essay proposed a confederation that would have not only a common court but also a common army.The Enlightenment soon boiled with ideas about the nature of peace and war. Jean-Jacques Rousseau wrote “The Plan for Perpetual Peace” (1756), inviting readers to imagine what he admitted seemed to stretch credulity: a peaceful Europe, tamed by the machinery for regular negotiation, and even a “mankind united by love and friendship.”Immanuel Kant, in his 1795 “perpetual peace” essay, held that statesmen should follow the example of philosophers, who “dream this sweet dream.” Peace is not a natural state of humankind, he wrote, and therefore can be made durable only if is established through institutions. That idea was a harbinger of the League of Nations.Essays on perpetual peace ― and on which institutions could best support it ― became so popular, said Ghervas, that in the early 18th century to the mid-19th century they inspired a literary genre. More than 120 essays, she said, were written on the subject during that time.In the 19th century came more thinkers and diplomats who worked in the direction of peace: statesman and political writer Friedrich von Gentz, who promoted cooperation between the great powers; Tsar Alexander I of Russia, a war hero who championed peace; and Italian patriot Giuseppe Mazzini, whose Young Europe network advocated a “United States of Europe.”Ghervas will also set out to rescue the memory of Woodrow Wilson, 28th president of the United States. His idea of a body of nations was disparaged in America after World War I, but in Europe today he is a regarded as a visionary figure. In a recent visit to the National Portrait Gallery in Washington, D.C., Ghervas searched high and low for Wilson’s image, finally finding “a small picture in a hidden corner.”“It was a sign,” she said, of how peacemaking has been relegated to a corner by historians who preferred to see their stories through the lens of war.From the time of Saint-Pierre onward, “the idea of Europe and the idea of peace” were conflated, said Ghervas, in concepts like “peace as a common project” and Europe as “a peaceful coalition of nations.” Before then, national sovereignty alone was regarded as the guiding principle for European nations.“The history of Europe has been a race between war and peace, and between imperialism and self-rule,” said Ghervas. The summer course will follow the dates and places that mark that racetrack: 1713 and Utrecht; 1815 and the Congress of Vienna, whose “congress system” of regular meetings began a century of peace in Europe, interrupted only by the Crimean War (1853-56); 1919 and the League of Nations, an attempt at establishing peace through an institution; and 1945, a year that saw the end of the barbarism of World War II, but also a devastated continent and the lowest ebb of European civilization.The year 1945 also saw the revival of hopes for an institutionally unified Europe. First came the two tentative early models, the six-nation European Coal and Steel Community (1951) and the European Economic Community (1957). Then, in 1993, came the 19-nation European Union.“Ideas influence reality,” said Ghervas. But after ideas come the practicalities of “engineering peace,” she added, to create a permanent bridge between “the ideals of peace and concrete reality.”The class will cross the history of ideas with political and diplomatic history; it will use the past to bring clarity to the present, with crises in Europe foremost. “History is important,” said Ghervas. “It’s not abstract ― it’s thoroughly imprinted on the present.”Ghervas’ own academic trajectory has evolved within the triangle of an enlarged Europe: Paris or London at one vertex; Moscow or St. Petersburg at a second; and a historical Constantinople (Istanbul) at a third vertex. So another touchstone in her summer course is that history is personal. “I try to remind my students that European history is not only battles, empires, and institutions,” she said. “It is made of real people, with weaknesses and strengths.” Some lived at a grand, nation-shaking level, like Tsar Alexander I; others lived ordinary lives.History can be written and taught with limitations in mind, as with national narratives that discourage diversity, she said. It can also be taught “to reconcile people, to open their minds, and to make students feel understanding or empathy for other people.”last_img read more

Dell EMC Integrated Data Protection Appliance is Now Even Better

first_imgNew today, the Dell EMC Integrated Data Protection Appliance (IDPA) has become more advanced with simpler management and monitoring, increased cloud-readiness with cloud disaster recovery and improved data protection for VMware workloads.IDPA, launched last year, is converged data protection appliance that offers integrated protection storage and software, search and analytics, and cloud tier for long-term retention.Powerful Ease of Use: Centralized Management and Monitoring IDPA now boasts a new IDPA System Manager UI for centralized monitoring and management with easy-to-use intuitive navigation.The IDPA System Manager helps organizations looking to modernize their infrastructure to simplify backups and automate tasks, including monitoring, management and reporting. Users are able to monitor and manage IDPA for the majority of their daily activities from a centralized, customizable dashboard.Comprehensive reporting is also included to ensure visibility into the backup environment, and it is available on-demand with a single click.Watch the video:>Modern and Comprehensive Cloud-Readiness Across Cloud JourneyModern and efficient cloud readiness is the centerpiece of Dell EMC products and strategy. We continue to evolve our products to support all aspects customers cloud journey. IDPA was launched with native Cloud-tiering for long-term retention and archiving to public or private cloud.With this release, we are introducing Cloud Disaster Recovery for IDPA. This new add-on feature enables virtual machine images protected on IDPA to be copied to object storage within Amazon Web Services for a modern, cost-efficient disaster recovery solution that takes advantage of the cloud. This service enables the orchestration and automation of disaster recovery (DR) testing, DR fail-over and failback to/from the cloud in a disaster scenario. No data protection infrastructure is needed for the failover/recovery within AWS, and no compute resources are needed until a failover occurs, greatly reducing costs. With Cloud Disaster Recovery, IDPA enables customers to leverage cloud across diverse cloud use-cases and benefit from the cloud economics and efficiencies for data protection with minimal additional learning or operational costs.Wait, there’s more… VMware functionality and operational improvementsIDPA now also offers VM file-level recovery, enabling recovery of multiple files, single files or folders.And, we’ve made many more operational improvements —making modern and simple IDPA even easier to maintain.With this new version, IDPA takes a massive step forward by providing enhanced simplicity, ease of use and more powerful data protection for our customers and help them take advantage of the cloud as part of their data protection.To learn more about the Dell EMC IDPA, check out the Dell EMC IDPA home page and follow @DellEMCProtect on Twitter for our latest announcements and content.last_img read more

Great Fall Foliage

first_img“The Weather Channel has color maps on the Internet that are supposed to show thewaves of color as they move through the mountains,” he said. “Services like that canprovide a much more accurate short-term picture than a long-range forecast like this.” * Cool nights with no freezes or frosts. “Overall, fall colors should be well above average,” Coder said. “The yellows may not beas intense. But the oranges and reds are on line to be great if the weather cooperatesbetween now and then.” “We’ve got a good leaf volume out there,” Coder said. “And so far we’ve had a prettygood year in terms of disease and environmental problems that affect tree health.” Fall foliage colors come in waves, starting with yellows and moving through the orangesto a final red-leaf peak. A person’s definition of the “peak” season may depend on whetherthe definer prefers yellow leaves or red. * Slight drought conditions in the last half of the growing season and on into the fall. Other factors, he said, include the volume of leaves on the trees and the overall health ofthe leaves. “From Aug. 15 to Sept. 15,” he said, “we usually got a lot of nervous calls from peopleabout the leaves ‘going early.’ They see the wild muscadines and maybe the yellow poplarsturning yellow and get worried. But that’s normal.” * Cool, bright, sunny days. “It doesn’t take much to break the leaves off,” he said. “The leaves are barely held onto thetree while they change color in the fall. A lot of wind and rain can knock them off beforethey develop their full color.” But Coder said he wouldn’t hinge all his foliage-viewing plans on that prediction. “The last two weeks of October and the first week of November are on schedule to begreat stuff,” he said. “Right now it looks like the orange peak should be about Oct. 29.” All Coder can vouch for now, he said, is that the stage is set for fall colors well aboveaverage. “The factors that set the intensity of the color have been very favorable,” he said. “Nowwe have to get the weather that will hold the leaves on the trees.” An early frost or freeze, heavy rains or high winds could undo it all, Coder said. Many yellow-leaf trees, he said, tend to color and drop early in any year but are morelikely to go prematurely in dry years. “This is not atypical. It’s really a keen indicator of theseason,” Coder said. The peak of the season, he said, is still more than a month away. Coder said cool, clear and dry are the keys to vivid fall foliage colors: “Dry weather helps bring out the best colors,” said Kim Coder, a University of Georgiaforester. “The weather we’ve had so far has set up an above-average year for fall foliage innorth Georgia.” To learn more about fall leaf colors, check the UGA D.B. Warnell School of ForestResources’ “Poetry of Color in the Woods” page on theWorld Wide Web. Dry late-summer weather has hurt south Georgia farm crops. But in north Georgia, thelack of rain has helped set the stage for what could be a glorious fall foliage season.last_img read more

3rd Annual Asheville Van Life Rally Run Down

first_imgDo you remember your first wilderness experience? Or maybe your favorite wilderness experience? That’s what we were asking folks at the 3rd Annual Asheville Van Life Rally last week at the Wedge at Foundation. Adventure vehicles from all over came together for a night of cold beer, live music, art, and most importantly – van envy. We decided to do things a little different for this one. We joined forces with the crew from the Blue Ridge Outdoors Asheville office, and our friends from Crazy Creek and Nat Geo Maps to find out about attendant’s first or favorite time spent outdoors.Being outside is extremely important to us and everyone who is involved with the Live Outside and Play program. We wanted to celebrate the idea of being outside by finding out what the crowd had to say about their most memorable wilderness experiences. We came to the party armed to the teeth with Crazy Creek Classic chairs as prizes for those who stopped by to chat. The idea was to have the crowd talk to us about their most memorable wilderness experience, then we’d snap a Polaroid picture of them and have them pin it up on a large map of the United States provided to us by Nat Geo Maps. By the end of the night, our map was PACKED with polaroids of smiling adventure enthusiasts. If there’s one thing we’ve learned during our time on the road, it’s that people are very passionate about the outdoors and the gear that keeps them safe and comfortable while they are exploring the places they love. That was reinforced as we spoke to close to a hundred folks who shared fond memories of times spent in nature. We hear it all the time, participants shared their memories of their Crazy Creek Classic chairs that regularly last them 20+ years. All of the van life rallies that we have been a part of have been a blast. This one was no exception. The place was jam-packed with adventure vehicles in all shapes in sizes. There were Toyota Tacomas outfitted with rooftop tents, cross-country motorcycles, and vans, vans, vans! As the sun went down and the music played on, we couldn’t help but sit back and smile. It’s been a wild ride for us this year and as fall starts to take hold we couldn’t be more thankful for being able to attend events like this and for YOU who make it all possible. If you like the gear we’re reppin’, or what we’re wearing, check out some of the sponsors that make this tour possible: La Sportiva, Crazy Creek, National Geographic, RovR Products, Sea to Summit, Mountain House, LifeStraw, and Lowe Alpine.last_img read more

Huntington Woman Killed in Crash

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 44-year-old woman was killed when she crashed her car in her hometown of Huntington over the weekend.Suffolk County police said Tracymarie Verme was driving a Lexus westbound on Central Street, when she struck two unoccupied parked vehicles west of Clinton Avenue at 4:31 p.m. Saturday.The victim was take to Huntington Hospital, where she was pronounced dead.Second Squad detectives impounded the vehicle, are continuing the investigation and ask anyone with information on the crash to call them at 631-854-8252.last_img