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Police release new photos as they search for the gunman who killed UnitedHealthcare CEOBy Tunji Olaopa The Nigerian Tribune was established in 1949 by Chief Obafemi Awolowo. Being seventy-five years old in 2024 and hence achieving the status of Nigeria’s privately-owned newspaper in Nigeria is a testament not only to the foresight of Chief Awolowo and the managerial acumen of those who have kept its legacies afloat all these years. It is also an indictment of all that have gone wrong with nation-building in Nigeria since independence in 1960. My time at the Nigerian Tribune was one of the best I had ever had in terms of intellectual stimulation and engagement. The editorial board meeting was always an intense one that task our critical perspectives on issues surrounding Nigeria’s economy, political status, democratic governance, international relations, and all sundry matters that relate with the founding vision of the newspaper. An editorial board that had the imprint of Alhaji Lateef Jakande, Aiyekooto Chief Olabisi Onabanjo, Abba Saheed Akogun Tola Adeniyi, Mr. Felix Adenaike, Mr. Biodun Oduwole, Mr. Folu Olamiti, Chief Ebenezer Babatope, Dr, Dokun Bojuade, Prof. Ebenezer Obadare, Prof. Wale Adebanwi, Prof. Farooq Kperogi, my colleague at the National Institute (NIPSS), Kuru, late Dr. Obadiah Mailafia, Edward Dickson, Dr. Lasisi Olagunju, Debo Abdulai, Sina Oladeinde, Prof. Adeola Adenikinju, Dr Festus Adedayo, Dr Wale Are-Olaitan, and so many other worthy gladiators of the journalistic guild. The Nigerian Tribune had to guard its ramparts against an encroaching debilitation of journalism as the fourth estate of the realm. At the height of the administrative violence of consecutive military regimes in Nigeria, the press and the media became the whipping boys that were subjected either to the culture of silence under the jackboot, or were lured into the warm arms of corrupt tendencies. It therefore takes only a fearless newspaper to keep churning out editorials that are sufficiently pungent and incisive to retain the sense of what an intrepid and ethical journalism ought to look like. It was not surprising therefore that the Tribune would be one of the outlets for my intellectual restlessness and my coming of age in terms of reform advocacy. I was then a public servant that was struggling with the challenge of being a neutral and anonymous while also passionately trying to push the fundamental elements of institutional reform and administrative matters into the public consciousness. And being in the midst of eminent scholars, academics, journalists and personalities was all the encouragement I needed to contribute my own quota to the critical enunciation of what ails Nigeria’s postcolonial status and how it could be resolved. I am a development thinker and institutional reformer, and Nigeria’s predicaments cannot be divorced from the lackluster performance of her civil service system and its capability readiness to capacitate democratic governance. The significance and continuing relevance of the Nigerian Tribune cannot be dissociated from the ideological sophistication and foresightedness of Awolowo’s nationalism and patriotic commitment to the Nigerian state. Awolowo’s intellectual and political engagement with the Nigerian state was one of tough love. Even though for him, Nigeria was “a mere geographical expression,” it was the responsibility of Nigerian nationalists and statesmen and women to fill out its potentials and responsibilities to its masses of citizens. And Awolowo had to grab the dilemma of being a Yoruba leader and a Nigerian nationalist by the horn. Being Yoruba, in his reckoning was a necessary plank in holding up Nigeria to its plural essence, rather than a divisive ethnic element. To prove his commitment to fashioning a truly significant ideological framework that would ground democratic governance, Awolowo insisted on democratic socialism as Nigeria’s ideological way out of her postcolonial national morass. Democratic socialism is a unique ideology. For democratic socialists, capitalism cannot be trusted to guarantee essential freedom and equality. Hence, there is the need for the state to interfere in the economy while also facilitating political and economic democracy. Awolowo’s brand of democratic socialism is even more unique. He advocates a limited form of social or public ownership of resources and a decentralized system that permits limited central government. This fits into his understanding of the plural nature of the Nigerian state and the significance of a federal system that allows the federating regions and states to develop at their own pace. The state and its federating units must however facilitate state-led infrastructural development that channels the state’s resources into education and others. A good ideology requires a mouthpiece that could stand as a critical intermediary between the state and the society, and between the government and the governed. The Nigerian Tribune, within Awolowo’s governance and political vision, was supposed to constitute a gadfly that continually and consistently sting the government of the day into incessant awareness of its responsibility to the masses. Awolowo was convinced of the relevance of his ideological predisposition for the political well-being of the Nigerian state, and so he was determined to pursue that ideological imperative through the establishment of a privately owned newspaper as a platform for disseminating the elements of democratic socialism, critique consecutive governments on their many governance deviations, and keep alive the challenge of making life meaningful for Nigerians. Of course, we cannot turn a blind eye to the immediate reason that led to the establishment of the Nigerian Tribune—a reactive development that sought to counteract Nnamdi Azikiwe’s West African Pilot and its ethnic triumphalism. That was the prerogative of Awolowo and the rest of the Yoruba political class, to undermine the self-righteous pursuit of Igbo nationalism by Azikiwe. However, it was not only Azikiwe that suffered the untoward consequences of a devastating critical pen. The Tribune was also deployed in the internal rivalry between Awolowo and S. L. Akintola, Awolowo’s nemesis in the Western Region. The unfortunate result is the role that the newspaper played in stoking the fire that conflagrated the region. But the Awolowo-Akintola could also be seen from an ideological perspective, the conflict between democratic socialism and the capitalist path favored by Akintola. And it would seem that Awolowo won out because he understood the power of the media, and Tribune not only constructed Awolowo as he wanted to be constructed, but also constructed the ideological reality he wanted Nigeria to adopt for betterment of the people. The Tribune’s metamorphosis over the years is a testament to its sturdy resilience and a self-reflexive capacity to keep rethinking its objectives within the context and challenges in time and space. While other competitors of a bygone era had been swept under the carpet of history, the Tribune has nestled itself into relevance through a consistent articulation of the relevance of Awolowo’s nationalist call for a responsible government with an ideological vision for making Nigeria work for Nigerians, thus conferring on it the remarkable garland of being Nigeria’s oldest privately-owned newspaper. And that essentially is its own legacy especially in a generation that is technology-driven and social media focused. The influence of the social media today speaks to a form of epistemological relativism that challenges the significance of truth. The social media fragments reality in a way that has implications for journalism. Now, everyone with a phone and internet-access can report any news from any angle and perspective. The sensational rated by virality has obliterated the objective. The critical question is how do we begin to understand journalism in a context of postcolonial political predicament and in a post-truth world? Can journalism afford to be dragged into the turbulence of post-truth reporting? While not discountenancing the significance of social media as a platform for resistance and political mobilization, we cannot also ignore its capacity for the fragmentation of fact and the capacity to sensationalize truth. When we situate journalism between the ethical responsibility to mediate influence and facilitate action, then we immediately see how journalism is conjoined to ethics; indeed, we see how journalism that lacks ethics becomes a dangerous handmaid of a post-truth world. We begin to see the dire challenges of reporting the facts within a postcolonial context like Nigeria where facts are sacrosanct to the determination of the well-being of Nigerians and the forging of a strong nation. Outside of an ethical responsibility to gatekeep journalism, what happened as the crisis of the Western Region becomes almost inevitable in a state experimenting with democratic governance and needing an ethical journalism to make sense of it. This is where it makes sense to locate the future prospects of the Nigerian Tribune in contemporary Nigeria. To overcome its sordid past and consolidate its current achievements, the Tribune must situate itself at the forefront of ethical journalism that keeps alight the ideological underpinning of the role that journalism can play in articulating the imperatives of democratic governance, the challenges of serving as a watchdog that consistently put democracy under vigilance, and the necessities of gatekeeping the professional ethic of patriotic journalism. Henry Anatole Grunwald, former United States ambassador to Austria, aptly sums the dilemma of journalism in today’s world: “Journalism can never be silent: that is its greatest virtue and its greatest fault. It must speak, and speak immediately, while the echoes of wonder, the claims of triumph and the signs of horror are still in the air.” Traversing the line between virtue and vice, for journalism in Nigeria today, demands a significant reflection on the governance structure of any newspaper. In its contemporary iteration, the Nigerian Tribune seems to have hit upon a critical understanding of staffing eminent personalities, from academics and scholars to astute journalists and editors with the acumen for excellence. It is to the governance structure one must then look for a consistent objective that navigate the terrible terrain of politics with an ethical compass and the standard of objectivity. This is both the legacy that the Nigerian Tribune has left for print journalism in Nigeria, and the responsibility it must keep shouldering to uphold its service to democracy. *Prof. Tunji Olaopa is the Chairman, Federal Civil Service Commission, Abuja tolaopa2003@gmail.comHATTIESBURG, Miss. (AP) — Cobie Montgomery had 21 points in Southern Miss' 81-64 win over Alabama State on Thursday. Montgomery shot 6 for 10 (6 for 9 from 3-point range) and 3 of 4 from the free-throw line for the Golden Eagles (4-4). Denijay Harris scored 20 points and added 20 rebounds. Neftali Alvarez shot 4 of 6 from the field and 3 of 4 from the free-throw line to finish with 13 points, while adding six rebounds. The Hornets (3-6) were led in scoring by CJ Hines, who finished with 18 points. Amarr Knox and Shawn Fulcher each had 11 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
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Swiss National Bank trimmed its position in shares of Meritage Homes Co. ( NYSE:MTH – Free Report ) by 0.4% during the third quarter, HoldingsChannel.com reports. The firm owned 70,900 shares of the construction company’s stock after selling 300 shares during the period. Swiss National Bank’s holdings in Meritage Homes were worth $14,539,000 at the end of the most recent quarter. A number of other hedge funds have also recently made changes to their positions in MTH. Wedge Capital Management L L P NC boosted its stake in shares of Meritage Homes by 734.4% during the third quarter. Wedge Capital Management L L P NC now owns 272,122 shares of the construction company’s stock valued at $55,804,000 after purchasing an additional 239,511 shares in the last quarter. Swedbank AB bought a new position in shares of Meritage Homes during the first quarter worth about $25,495,000. Mizuho Markets Americas LLC bought a new position in shares of Meritage Homes during the second quarter worth about $22,887,000. Boston Partners bought a new position in shares of Meritage Homes during the first quarter worth about $23,106,000. Finally, Blackstone Inc. raised its position in shares of Meritage Homes by 216.7% during the first quarter. Blackstone Inc. now owns 190,000 shares of the construction company’s stock worth $33,337,000 after acquiring an additional 130,000 shares during the last quarter. 98.44% of the stock is owned by institutional investors and hedge funds. Meritage Homes Trading Up 3.8 % Shares of MTH stock opened at $184.44 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.75 and a current ratio of 1.75. Meritage Homes Co. has a fifty-two week low of $137.70 and a fifty-two week high of $213.98. The stock has a 50 day simple moving average of $192.28 and a two-hundred day simple moving average of $184.26. The company has a market cap of $6.67 billion, a P/E ratio of 8.35 and a beta of 1.82. Meritage Homes Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.00 dividend on an annualized basis and a yield of 1.63%. Meritage Homes’s dividend payout ratio (DPR) is presently 13.58%. Wall Street Analysts Forecast Growth MTH has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded Meritage Homes from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $205.00 to $235.00 in a research report on Thursday, October 31st. Wolfe Research upgraded Meritage Homes from a “peer perform” rating to an “outperform” rating and set a $230.00 price objective for the company in a research report on Wednesday, August 14th. Wedbush upgraded Meritage Homes from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $160.00 to $195.00 in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods lowered their target price on Meritage Homes from $210.00 to $198.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James downgraded Meritage Homes from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Meritage Homes currently has an average rating of “Hold” and a consensus price target of $218.17. View Our Latest Stock Analysis on Meritage Homes Meritage Homes Company Profile ( Free Report ) Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. Further Reading Want to see what other hedge funds are holding MTH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meritage Homes Co. ( NYSE:MTH – Free Report ). Receive News & Ratings for Meritage Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritage Homes and related companies with MarketBeat.com's FREE daily email newsletter .
Quest Partners LLC acquired a new position in Brown & Brown, Inc. ( NYSE:BRO – Free Report ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,641 shares of the financial services provider’s stock, valued at approximately $688,000. Several other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in Brown & Brown by 0.7% during the 2nd quarter. Principal Financial Group Inc. now owns 12,804,979 shares of the financial services provider’s stock worth $1,144,893,000 after acquiring an additional 86,824 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Brown & Brown by 0.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,915,425 shares of the financial services provider’s stock valued at $405,638,000 after purchasing an additional 28,180 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Brown & Brown by 24.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,489,305 shares of the financial services provider’s stock worth $311,979,000 after purchasing an additional 687,783 shares during the last quarter. Royal London Asset Management Ltd. increased its stake in shares of Brown & Brown by 105.1% in the second quarter. Royal London Asset Management Ltd. now owns 2,068,333 shares of the financial services provider’s stock worth $184,930,000 after buying an additional 1,059,711 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Brown & Brown by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,553,396 shares of the financial services provider’s stock valued at $138,899,000 after buying an additional 114,688 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors. Brown & Brown Stock Up 1.2 % Shares of Brown & Brown stock opened at $112.05 on Friday. The company has a 50-day simple moving average of $105.98 and a two-hundred day simple moving average of $98.63. Brown & Brown, Inc. has a 52-week low of $69.13 and a 52-week high of $114.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market capitalization of $32.04 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 2.52 and a beta of 0.82. Brown & Brown Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th were given a $0.15 dividend. This is a positive change from Brown & Brown’s previous quarterly dividend of $0.13. The ex-dividend date was Wednesday, November 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. Brown & Brown’s payout ratio is 16.35%. Insider Buying and Selling at Brown & Brown In related news, Chairman Hyatt J. Brown sold 134,640 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $104.51, for a total transaction of $14,071,226.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website . Company insiders own 17.02% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts have recently commented on BRO shares. StockNews.com downgraded shares of Brown & Brown from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Truist Financial increased their price objective on Brown & Brown from $116.00 to $118.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays boosted their target price on Brown & Brown from $108.00 to $119.00 and gave the company an “equal weight” rating in a research note on Thursday. Bank of America raised their price target on Brown & Brown from $108.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada boosted their price objective on shares of Brown & Brown from $113.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $107.42. Get Our Latest Analysis on Brown & Brown Brown & Brown Company Profile ( Free Report ) Brown & Brown, Inc markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services. Featured Stories Receive News & Ratings for Brown & Brown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brown & Brown and related companies with MarketBeat.com's FREE daily email newsletter .Sherrill’s run for New Jersey governor: ‘Lead, follow or get out of the way’
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