The News and Times Review from Michael_Novakhov (14 sites): The News and Times from Michael_Novakhov (19 sites): 1. Russia from Michael_Novakhov (114 sites): Voice of America: Casino Mogul, GOP Donor Adelson Battling Cancer

Casino magnate and GOP donor Sheldon Adelson has cancer and has not been at his company’s offices in Las Vegas since around Christmas Day.

Adelson’s poor health was revealed earlier this week by one of his company’s attorneys during a court hearing in a years-old case brought by a Hong Kong businessman. The founder and CEO of Las Vegas Sands Corp. did not participate in the casino operator’s conference call with analysts and investors following its earnings report in January.

Attorney James Jimmerson told the court Monday that he learned last month “of the dire nature of Mr. Adelson’s condition, health.” The comment from the attorney came when discussing whether Adelson could sit for a deposition in the case and was first reported by The Nevada Independent.

Cancer treatment

Las Vegas Sands Corp. Thursday told The Associated Press that Adelson has cancer.

“Mr. Adelson is still dealing with certain side effects from medication he is taking for the treatment of non-Hodgkin’s lymphoma,” company spokesman Ron Reese said in an emailed statement Thursday night. “These side effects have restricted his availability to travel or keep regular office hours.”

The effects haven’t prevented Adelson, 85, from fulfilling his duties as chairman and CEO, Reese said. The company expects he’ll return after he completes treatment.

Adelson also suffers from peripheral neuropathy, a condition that affects the nervous system.

The billionaire and his wife, Miriam, gave President Donald Trump’s campaign $30 million in 2016. They followed that by contributing $100 million to the Republican Party for the 2018 midterm elections.

Court case

Adelson is Las Vegas Sands’ largest shareholder and regularly participates in the company’s earnings calls, but was absent when it reported results Jan. 23. Sands President Robert Goldstein said at the time that Adelson was “a little bit under the weather.”

“We met with him yesterday,” Goldstein said of Adelson during the January call. “He’s taking some medications making him a bit drowsy, so he decided this morning to take a rain check on this one.”

Adelson was expected to testify in the case brought by Hong Kong businessman Richard Suen and his company, Round Square Co. He testified in 2013 and 2008 in the case’s two previous trials.

Suen has been seeking compensation because he said he helped Sands secure business in the Chinese gambling enclave of Macau. Sands has argued Suen didn’t help get crucial approval to build casinos in Macau and deserves nothing.

Voice of America

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Breaking News – Caribbean and Latin America Daily News: CARIBBEAN NEWS ROUNDUP – MARCH 1, 2019



News Americas, NEW YORK, NY, Fri. Mar. 1, 2019: Here are the top headlines making news from the Caribbean for Friday, March 1, 2019.

An earthquake measuring a magnitude of 3.3 occurred in Dominica Thursday afternoon.

Barbados has topped this year’s WJP Rule of Law Index for the Caribbean region.

House Democrats are set to reintroduce the Dream Act on March 12th to also include immigrants with TPs and Deferred Departure protections.

The Trump administration has announced Thursday it is extending TPS programs for immigrants from Haiti and three other nations.

Guyana’s Opposition Leader has refused an invitation to meet with President David Granger and accused the government of perpetrating fraud.

The U.S. government has spent more than $560 million to boost security in the Caribbean but doesn’t know whether its efforts have worked.

PAHO is calling for countries in the Caribbean and Latin America to prepare for possible outbreaks of dengue.

The Caribbean media fraternity is mourning noted cricket journalist and former Gleaner Sports Editor Tony Becca who passed away on Thursday morning.

And a former UK Marine, Richard Allen, has completed a solo 3000-mile journey from Sierra Leone in West Africa to Guyana in a small boat.

The post CARIBBEAN NEWS ROUNDUP – MARCH 1, 2019 appeared first on Caribbean and Latin America Daily News.

Breaking News – Caribbean and Latin America Daily News

Twitter Search / NBCLatino: “Bilingual education is a right in this state,” said @AInfanteGreen. “It is a MLL crisis. But it is very much a Latino crisis.” https://www.nbcnews.com/news/latino/new-york-failing-non-english-speaking-students-report-finds-n977086 …

“Bilingual education is a right in this state,” said .

“It is a MLL crisis. But it is very much a Latino crisis.” https://www.nbcnews.com/news/latino/new-york-failing-non-english-speaking-students-report-finds-n977086 …

Twitter Search / NBCLatino

The Puerto Rico Times Topics from Michael_Novakhov (15 sites): Puerto Rico News – Caribbean and Latin America from Michael_Novakhov (11 sites): Twitter Search / NBCLatino: “Bilingual education is a right in this state,” said @AInfanteGreen. “It is a MLL crisis. But it is very much a Latino crisis.” https://www.nbcnews.com/news/latino/new-york-failing-non-english-speaking-students-report-finds-n977086 …

“Bilingual education is a right in this state,” said .

“It is a MLL crisis. But it is very much a Latino crisis.” https://www.nbcnews.com/news/latino/new-york-failing-non-english-speaking-students-report-finds-n977086 …

Twitter Search / NBCLatino

Puerto Rico News – Caribbean and Latin America from Michael_Novakhov (11 sites)

The Puerto Rico Times Topics from Michael_Novakhov (15 sites)

Commentary – Caribbean and Latin America Daily News: Trump’s America – Episode # 110 – Reparations For All?



By Arthur Piccolo

News Americas, NEW YORK, NY, Fri. Mar. 1, 2019: Here is a “great” way for Democrats to re-elect Donald Trump …

Support ridiculous impossible to implement divisive campaign proposals! That yes may win over just enough primary voters to win the nomination and insure their defeat in November. It has a name – PYRRIC VICTORY!

Let me begin with a timely lead in to the specific issue that got my attention and is this episode’s theme. Reparations is an example of a far wider theme the ability of so-called Democrats to defeat themselves and re-elect Trump.

This week we just witnessed another glaring example the so-called Michael Cohen hearings especially by the House Oversight Committee.

A comical spectacle in which Democrats in Congress fool themselves into believing they are destroying Donald Trump by having a “STAR” (sic) witness a Complete S _ _ _  B_ _  SB for short and convicted felon on his way to prison for lying to Congress and many other crimes but presented by the Congressional Democrats as The Oracle of Truth & Wisdom.

Augmented in full force by the likes of the Comedy News Network (CNN) which was out in full force with so many of their “expert” commentators lined up together it was difficult to fit them all on any TV screen.

Led by the likes of Head Clowns like Wolf Blitzer but so many others it amounted to the largest gathering of Clowns in one place at one time in all of Clown history. They were all jumping with joy, cheering Cohen’s every duplicitous lie, high 5ing each other and coming out of their pants ..

Convinced this is the END of President Donald Trump. Finally!!!

Here is the point Dear Readers ….

This Circus accomplished nothing except FOOL Democrats. NO body cared or watched nor should they have believed this Con Man except political Junkies both Democrats and Republicans plus those of us who must. All of the politicos have already made up their minds about Trump for or against.

Most Americans did not watch or care. Specifically swing voters who will decide who is elected President in 2020. Why it is damaging for Democrats is that it has the so-called leaders in Congress wrapped up in this idiocy that they do not focus on doing a job in Congress Americans care about.

Yes, this useful introduction finally brings me to REPARATIONS as another example of a key flaw among Democrats that can re-elect Donald Trump

Some of the announced Democratic candidates for President have begun announcing they favor the government giving African Americans alive today monetary reparations for the crime of Slavery back up until the Civil War.

Here is the very, very big problem.

It is never going to happen but to the extent voters believe it might if a Democrat is elected President it might and can lose a lot of votes. I could probably write a thesis on this subject, but I won’t. Just stay with a few points but again reparations is simply a useful example of a much larger class of issues that can be used as extremely useful wedge issue by Donald Trump and the Republican Party to re-elect Trump President.

One trap has already arisen for these Democratic candidates. Why only African Americans what about Native American who were the victims of genocide led by President Andrew Jackson one of Trump’s heroes. His portrait displaced prominently in the Oval Office.

So now those candidates who favor reparations – their names don’t matter – have logically been forced to agree of course Native Americans also deserve reparations for crimes against them. So far so good? Well what about all the Chinese who were treated just like slaves brought here from China on false pretenses in the 19th century to build the trans-continental U.S. railroad system. Also terrible crimes against an entire class of individuals.

How about the outrageous internment of Japanese American citizens? Of course, Japanese Americans deserve reparations too. What about all the Latinos who occupied territory seized by the American government some butchered many more evicted from their lands to create more U.S. states.

How about Jews in America long discriminated against? And likewise, it is well documented early Irish and Italian and other early immigrants’ groups were horribly abused and suffered terrible discrimination.

Don’t all of their descendants deserve some reparations be it less for some than others? Can we exclude women as a class and all who are handicapped too yet more massive discrimination throughout American history?

Does this sound farcical yet. It should not the horrors of slavery, genocide, internment, bigotry, etc. etc. all well documented? The farce is NOT providing reparations to the individuals who suffered these crimes but paying it to other generations later. The farce is that virtually every class of Americans will have to be included be it at different levels. The farce is for these payments to have any useful meaning it would likely cost more than the entire federal budget all by itself and bankrupt the nation.

How about the many who are doing very well today in America as a result of the suffering of their ancestors do even the well-off get reparations too?

I took this long on this subject which is going nowhere because by being rhetorically theatrical here I am highlighting the much larger problem.

Democrats are very capable of LOSING to Trump. By beating themselves just as they did in 2016 with the candidate from Hell Hillary Clinton.

So here is a lesson for the Democratic candidates who were trapped when asked about reparations and for those who will be …

“Reparation to me means righting the wrongs of prior crimes against entire classes of Americans most notably African Americans and Natives Americans but also many others. We cannot bring back the many dead who would clearly qualify for reparations. I wish we could. What we can do today and tomorrow is give adequate attention and resources to their descendants still struggling today, especially their communities …

If I am elected President, I will acknowledge the issue and the need for reparations and do so in a logically fair and useful way by addressing inequality in each form it takes and bring that message to the American people and disadvantage impoverished communities every day.”

FREE important advice for Democratic candidates for President.

While this particular campaign issue may be short lived fade away unless Trump decides to use it like he will socialism the point is as I addressed that issue last episode Democrats must not get trapped by him or Republicans.

Whether it is socialism, reparations, impeachment, immigration and on and on Democrats need to run on a meaningful vision for the future of America not be trapped in the past or false hopes or by wedge terminology.

We need a NEW Democratic Party, a SMARTER Democratic Party. That is the way to send Donald Trump packing in 2020. Even more …

This is the sway to create a far greater America for the 21st century.

Amen for this week until next.

(This series dedicated in honor of the late Liu Xiaobo & Jamal Khashoggi)

Arthur-Piccolo-ObamasAmerica

EDITOR’S NOTE: About The Writer: Arthur Piccolo is a professional writer and commentator and often writes about Latin America for New Americas. 

Huge discount on Seasonal Travel Deals. Book now & Get up to $15* Off with coupon code TLCHEAP15. Hurry! Offer Valid for Limited Period Only

The post Trump’s America – Episode # 110 – Reparations For All? appeared first on Caribbean and Latin America Daily News.

Commentary – Caribbean and Latin America Daily News

The Puerto Rico Times Topics from Michael_Novakhov (15 sites): Puerto Rico News – Caribbean and Latin America from Michael_Novakhov (11 sites): Commentary – Caribbean and Latin America Daily News: Trump’s America – Episode # 110 – Reparations For All?



By Arthur Piccolo

News Americas, NEW YORK, NY, Fri. Mar. 1, 2019: Here is a “great” way for Democrats to re-elect Donald Trump …

Support ridiculous impossible to implement divisive campaign proposals! That yes may win over just enough primary voters to win the nomination and insure their defeat in November. It has a name – PYRRIC VICTORY!

Let me begin with a timely lead in to the specific issue that got my attention and is this episode’s theme. Reparations is an example of a far wider theme the ability of so-called Democrats to defeat themselves and re-elect Trump.

This week we just witnessed another glaring example the so-called Michael Cohen hearings especially by the House Oversight Committee.

A comical spectacle in which Democrats in Congress fool themselves into believing they are destroying Donald Trump by having a “STAR” (sic) witness a Complete S _ _ _  B_ _  SB for short and convicted felon on his way to prison for lying to Congress and many other crimes but presented by the Congressional Democrats as The Oracle of Truth & Wisdom.

Augmented in full force by the likes of the Comedy News Network (CNN) which was out in full force with so many of their “expert” commentators lined up together it was difficult to fit them all on any TV screen.

Led by the likes of Head Clowns like Wolf Blitzer but so many others it amounted to the largest gathering of Clowns in one place at one time in all of Clown history. They were all jumping with joy, cheering Cohen’s every duplicitous lie, high 5ing each other and coming out of their pants ..

Convinced this is the END of President Donald Trump. Finally!!!

Here is the point Dear Readers ….

This Circus accomplished nothing except FOOL Democrats. NO body cared or watched nor should they have believed this Con Man except political Junkies both Democrats and Republicans plus those of us who must. All of the politicos have already made up their minds about Trump for or against.

Most Americans did not watch or care. Specifically swing voters who will decide who is elected President in 2020. Why it is damaging for Democrats is that it has the so-called leaders in Congress wrapped up in this idiocy that they do not focus on doing a job in Congress Americans care about.

Yes, this useful introduction finally brings me to REPARATIONS as another example of a key flaw among Democrats that can re-elect Donald Trump

Some of the announced Democratic candidates for President have begun announcing they favor the government giving African Americans alive today monetary reparations for the crime of Slavery back up until the Civil War.

Here is the very, very big problem.

It is never going to happen but to the extent voters believe it might if a Democrat is elected President it might and can lose a lot of votes. I could probably write a thesis on this subject, but I won’t. Just stay with a few points but again reparations is simply a useful example of a much larger class of issues that can be used as extremely useful wedge issue by Donald Trump and the Republican Party to re-elect Trump President.

One trap has already arisen for these Democratic candidates. Why only African Americans what about Native American who were the victims of genocide led by President Andrew Jackson one of Trump’s heroes. His portrait displaced prominently in the Oval Office.

So now those candidates who favor reparations – their names don’t matter – have logically been forced to agree of course Native Americans also deserve reparations for crimes against them. So far so good? Well what about all the Chinese who were treated just like slaves brought here from China on false pretenses in the 19th century to build the trans-continental U.S. railroad system. Also terrible crimes against an entire class of individuals.

How about the outrageous internment of Japanese American citizens? Of course, Japanese Americans deserve reparations too. What about all the Latinos who occupied territory seized by the American government some butchered many more evicted from their lands to create more U.S. states.

How about Jews in America long discriminated against? And likewise, it is well documented early Irish and Italian and other early immigrants’ groups were horribly abused and suffered terrible discrimination.

Don’t all of their descendants deserve some reparations be it less for some than others? Can we exclude women as a class and all who are handicapped too yet more massive discrimination throughout American history?

Does this sound farcical yet. It should not the horrors of slavery, genocide, internment, bigotry, etc. etc. all well documented? The farce is NOT providing reparations to the individuals who suffered these crimes but paying it to other generations later. The farce is that virtually every class of Americans will have to be included be it at different levels. The farce is for these payments to have any useful meaning it would likely cost more than the entire federal budget all by itself and bankrupt the nation.

How about the many who are doing very well today in America as a result of the suffering of their ancestors do even the well-off get reparations too?

I took this long on this subject which is going nowhere because by being rhetorically theatrical here I am highlighting the much larger problem.

Democrats are very capable of LOSING to Trump. By beating themselves just as they did in 2016 with the candidate from Hell Hillary Clinton.

So here is a lesson for the Democratic candidates who were trapped when asked about reparations and for those who will be …

“Reparation to me means righting the wrongs of prior crimes against entire classes of Americans most notably African Americans and Natives Americans but also many others. We cannot bring back the many dead who would clearly qualify for reparations. I wish we could. What we can do today and tomorrow is give adequate attention and resources to their descendants still struggling today, especially their communities …

If I am elected President, I will acknowledge the issue and the need for reparations and do so in a logically fair and useful way by addressing inequality in each form it takes and bring that message to the American people and disadvantage impoverished communities every day.”

FREE important advice for Democratic candidates for President.

While this particular campaign issue may be short lived fade away unless Trump decides to use it like he will socialism the point is as I addressed that issue last episode Democrats must not get trapped by him or Republicans.

Whether it is socialism, reparations, impeachment, immigration and on and on Democrats need to run on a meaningful vision for the future of America not be trapped in the past or false hopes or by wedge terminology.

We need a NEW Democratic Party, a SMARTER Democratic Party. That is the way to send Donald Trump packing in 2020. Even more …

This is the sway to create a far greater America for the 21st century.

Amen for this week until next.

(This series dedicated in honor of the late Liu Xiaobo & Jamal Khashoggi)

Arthur-Piccolo-ObamasAmerica

EDITOR’S NOTE: About The Writer: Arthur Piccolo is a professional writer and commentator and often writes about Latin America for New Americas. 

Huge discount on Seasonal Travel Deals. Book now & Get up to $15* Off with coupon code TLCHEAP15. Hurry! Offer Valid for Limited Period Only

The post Trump’s America – Episode # 110 – Reparations For All? appeared first on Caribbean and Latin America Daily News.

Commentary – Caribbean and Latin America Daily News

Puerto Rico News – Caribbean and Latin America from Michael_Novakhov (11 sites)

The Puerto Rico Times Topics from Michael_Novakhov (15 sites)

Caribbean Journal: Saint Lucia Breaks Ground on $175M Airport Transformation

By Alexander Britell and Dana Niland

Saint Lucia has officially broken ground on one of the most highly anticipated airport redesigns in the region in recent memory.

The redevelopment of Saint Lucia’s Hewanorra International Airport kicked off this weekend, part of an estimated $175 million project.

The centerpiece of the project will be a brand-new, 337,000-square-foot terminal building – but it will be a wide-ranging process that will add everything from a new air traffic control tower to new road infrastructure and new parking aprons.

saint lucia airport transformation

“This is a welcome development and great news for the island’s tourism industry,” said Saint Lucia Prime Minister Allen Chastanet. “The redevelopment project seeks to provide a state of the art airport facility, which will become the standard of the region.”

The destination has also released the first renderings of the new project, marked by a sweeping arrivals area, a striking glass terminal and, well, a lot more space.

Chastanet said the hope was that the new terminal would help spur the development at least 1,000 new hotel rooms on the island.

saint lucia airport transformation

That would be a significant increase to a room stock that stands at about 5,000 in Saint Lucia right now, spread across a mix of large and small hotels, villas, apartments and guest houses.

In a statement, the Saint Lucia Tourism Authority said it was “ecstatic” about the project.

“We have outgrown the capacity at the current facility,” the tourism authority said in a statement. “This upgrade will significantly contribute to stayover arrivals. In an effort to secure commitments for increased international flights to the destination, the SLTA will continue negotiations with international agencies.”

The project is being made possible through the financial assistance of the government of Taiwan.

The redevelopment is slated for completion within a 30-month timeframe, which would mean mid-2021, according to the Saint Lucia Lucia Air and Sea Ports Authority.

— CJ

The post Saint Lucia Breaks Ground on $175M Airport Transformation appeared first on Caribbean Journal.

Caribbean Journal

The News and Times Review from Michael_Novakhov (14 sites): The FBI News Review: “mueller” – Google News: Poliana Botelho vs. Lauren Mueller added to UFC 236 – MMAjunkie

Feedly Logo
February 28, 2019
“mueller” – Google News: Poliana Botelho vs. Lauren Mueller added to UFC 236 – MMAjunkie
Alerta de Google: fbi: FBI officers arrest 18-year-old accused of making MCCTC threats
“fbi” – Google News: U.S. returns hundreds of artifacts to China after an Indiana man acquired them illegally – Indianapolis Star
“Dreyer’s English:” A Q&A With Random House Copy Chief – Forward
“mueller” – Google News: Mueller witness breaks silence to rebut roger stone, defend dog – MSNBC

“mueller” – Google News: Poliana Botelho vs. Lauren Mueller added to UFC 236 – MMAjunkie

FBI from Michael_Novakhov (25 sites)
By: MMAjunkie Staff | February 28, 2019 7:55 pm Follow @MMAjunkie Gallery Lauren Mueller def. Shana Dobson at UFC on FOX 29: Best photos view 8 images It won’t be against Paige VanZant, but Poliana Botelho will compete at UFC 236 in a women’s flyweight matchup with Lauren Mueller.
Read More

Alerta de Google: fbi: FBI officers arrest 18-year-old accused of making MCCTC threats

FBI from Michael_Novakhov (25 sites)
Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. CANFIELD, Ohio (WKBN) – Officers with the FBI Violent Crimes Task Force have arrested an 18-year-old who they said made threats against the Mahoning County Career and Technical Center on Wednesday.
Read More

“fbi” – Google News: U.S. returns hundreds of artifacts to China after an Indiana man acquired them illegally – Indianapolis Star

FBI from Michael_Novakhov (25 sites)
CLOSE Chinese cultural artifacts are repatriated to the People’s Republic of China during a ceremony at the Eiteljorg Museum in Indianapolis. Mykal McEldowney, IndyStar While Don Miller was hauling the world’s treasures into his Rush County farmhouse over the decades, one wonders whether he foresaw a posthumous international ceremony.
Read More

“Dreyer’s English:” A Q&A With Random House Copy Chief – Forward

Forward
In the world of nonfiction, the past year has been one of headline-making bestsellers, many of them fueled by the allure of inside gossip on President Trump. See: Michael Wolff’s “Fire and Fury,” Bob Woodward’s “Fear,” James Comey’s “A Higher Loyalty” and Omarosa Newman’s “Unhinged.”
Read More

“mueller” – Google News: Mueller witness breaks silence to rebut roger stone, defend dog – MSNBC

FBI from Michael_Novakhov (25 sites)
Mueller witness breaks silence to rebut roger stone, defend dog03:21In a “Beat” exclusive, “Person 2” in Mueller’s Roger Stone indictment counters Stone’s threats against his dog. It comes as Michael Cohen’s testimony puts new heat on President Trump, Roger Stone and Donald Trump Jr.March 1, 2019
Read More
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Caribbean Journal: Royal Caribbean Ship Completes $115 Million Redesign

By the Caribbean Journal staff

Royal Caribbean’s Navigator of the Seas cruise ship has arrived in Miami fresh off a $115 million redesign.

The 3,386-passenger ship, which will be sailing five and nine-night Caribbean itineraries, has added a host of new amenities, from a new poolscape to an onboard blow-dry bar to what it calls the “longest aqua coaster at sea.”

Other additions include an Italian eatery by celebrity chef Jamie Oliver; a laser tag arena; a FlowRider; a Polynesian-style bar called The Bamboo Room and a New England-inspired seafood eatery called Hooked.

“We have really dialed up the adventure and Caribbean vibes in ways that will make Navigator of the Seas the ultimate getaway to take from Miami,” said Michael Bayley, President and CEO, Royal Caribbean International. “Independence and Mariner of the Seas, the first two modernized ships in our Royal Amplified program, have quickly become standout hits, and Navigator builds on this momentum with a combination of new, exciting features and signature Royal Caribbean offerings that will surprise and delight guests cruising with us for the first time and those who have vacationed with us before.”  

Navigator is the latest beneficiary of the fleet modernization program, which will see a total investment of $1 billion, according to the company.

It will extend to 10 different ships over a four-year period.

Navigator will soon call on Royal’s new Perfect Day at CocoCay private destination beginning in May.

The post Royal Caribbean Ship Completes $115 Million Redesign appeared first on Caribbean Journal.

Caribbean Journal

Caribbean Journal: Tobago Seeing Jump in Tourist Arrivals

By Dana Niland
CJ Contributor

Tobago is seeing an increase in international arrivals over the past few months, due in large part to the airline’s weekly Sunwing flight from Toronto, Canada.

Sunwing’s Boeing 737, which has a capacity of 189 passengers, made its inaugural flight from the Toronto Pearson International Airport to the A.N.R. Robinson Airport in December, and has since made 10 trips to Tobago.

The airline is responsible for bringing 1,399 passengers to Tobago with an average flight capacity of 74 percent, according to the company.

tobago tourist arrivals

The new Starfish Tobago.

Those numbers are rising, however; in its last four trips, between January 1 and February 21, it recorded a flight capacity of over 90 percent.

These figures have sparked a 5.2 percent growth in overall international arrivals to Tobago from December 2018 to January 2019, according to local tourism officials.

Sunwing recently debuted its Starfish hotel brand in Tobago, following a strategic alliance with Rex Resorts.

— CJ

The post Tobago Seeing Jump in Tourist Arrivals appeared first on Caribbean Journal.

Caribbean Journal

The News and Times Review from Michael_Novakhov (14 sites): The Global Security Review from Michael_Novakhov (11 sites): Russia News: “Russia Ukraine” – Google News: Euan MacDonald: Ukraine’s Friend and Foe of the Week – Kyiv Post

Euan MacDonald: Ukraine’s Friend and Foe of the Week  Kyiv Post

Editor’s Note: This feature separates Ukraine’s friends from its enemies. The Order of Yaroslav the Wise has been given since 1995 for distinguished *service* to …

“Russia Ukraine” – Google News

Russia News

The Global Security Review from Michael_Novakhov (11 sites)

The News and Times Review from Michael_Novakhov (14 sites)

Saved Stories – Puerto Rico News: 9:00 PM 2/28/2019 – Mr. President, Methinks humbly that you ought to resign. It will be better for you and for the country in these circumstances.


Michael_Novakhov
shared this story
from Trump Investigations.

The Criminal Pattern of the Trump Presidency becomes clearer and comes into the relief  more and more every day. The question is: where is the line when it becomes intolerable and obviously harmful to the country? We are very close to this line. Every insanity should meet its limits imposed  by the collective mind of the Society. And so does the insanity of the Trump Presidency. Mr. President, Methinks humbly that you ought to resign. It will be better for you and for the country in these circumstances. Give it a thought. – M.N. – 2.28.19

Saved Stories – Puerto Rico News

Business – Caribbean and Latin America Daily News: Parkland Fuel Corporation Announces Record 2018 Adjusted EBITDA of $887 million & Dividend Increase

News Americas, CALGARY, Alberta, Feb. 28, 2019: Parkland Fuel Corporation, (“Parkland”, “We”, the “Company”, or “Our”) (TSX:PKI) announced today the financial and operating results for the three months and year ended December 31, 2018. All financial figures are expressed in Canadian dollars unless otherwise noted.

“Parkland continues to deliver strong performance across the enterprise,” said Bob Espey, President and Chief Executive Officer. “A standout fourth quarter in the supply segment underpinned our record results, while continued synergy realization and underlying organic growth initiatives positively contributed. While Parkland benefited from higher than normal refining margins in the fourth quarter, we are focused on driving sustainable and long-term cash flow growth within the ratable portions of our business. I would like to thank the entire Parkland team for their hard work and continued focus on safety to deliver another record year.”

Dividend Increase

Parkland’s annualized common share dividend will increase two cents per share, from $1.174 to $1.194, effective with the monthly dividend payable on April 15, 2019 to shareholders of record at the close of business on March 22, 2019.

Q4 & Full-Year 2018 Highlights

  • Fourth quarter Adjusted EBITDA of $285 million and net earnings of $77 million ($0.58 per share, basic) was driven by strong refining crack spreads, continued efforts in executing Parkland’s supply strategy and synergy realization.
  • Full-year Adjusted EBITDA of $887 million and net earnings of $206 million ($1.56 per share, basic). As the acquisition of the majority of the Canadian business and assets of CST Brands, Inc. (the “Ultramar Acquisition”) closed on June 28, 2017, and the acquisition of all outstanding shares of Chevron Canada R & M ULC (the “Chevron Acquisition”) closed on October 1, 2017 (collectively, the “Acquisitions”), the increase in full-year Adjusted EBITDA and net earnings was driven by full year contributions from the Acquisitions in addition to the factors outlined above. See Section 3 of the Management’s Discussion and Analysis for further discussion.
  • Fourth quarter fuel and petroleum product volume was 4.4 billion litres, relatively flat compared to the fourth quarter of 2017 (“Q4 2017”). On a full-year basis, fuel and petroleum product volume was 17.0 billion litres, up 27% year-over year, primarily driven by incremental business from the Acquisitions.
  • Fourth quarter Adjusted distributable cash flow increased by $73 million to $175 million, resulting in an Adjusted dividend payout ratio of 23%. Full-year Adjusted distributable cash flow increased by $317 million to $568 million, resulting in an Adjusted dividend payout ratio of 28%.
  • Total Funded Debt to Credit Facility EBITDA ratio of 2.5 times as at December 31, 2018.
  • Completed 2018 initiatives that are expected to result in run-rate annual synergies on the Acquisitions of approximately $100 million. We continue to expect that annual run-rate synergies on the Acquisitions will reach approximately $180 million by the end of 2020.
  • Announced during the fourth quarter a new strategic initiative to bring Filld’s mobile fuelling service to consumers across Canada, starting in Vancouver, British Columbia. Parkland co-led a $15 million investment into Series B Preferred Shares in the capital of Filld in October 2018. As part of Parkland’s investment, Parkland will be the exclusive supplier of fuel to Filld in Canada.

Retail Highlights

  • Fourth quarter Adjusted EBITDA of $78 million, a decrease of $16 million relative to Q4 2017 due to very strong comparable gasoline and diesel margins in Q4 2017 and softer fourth quarter 2018 margins in some markets. Our underlying Retail business is performing well, with consistent execution in the field resulting in strong key performance indicators. Full-year Adjusted EBITDA was $316 million, an increase of $85 million relative to 2017 primarily due to the Acquisitions.
  • Fourth quarter Company C-Store SSSG was 10.3%, our 12th consecutive quarter of positive Company C-Store SSSG, while full-year Company C-Store SSSG was 7.6%. Growth was attributable to the successful implementation of the new On the Run / Marché Express Flagship and Retrofit store concepts, the successful roll-out of Parkland’s proprietary private label brand 59th Street Food Co., and continued backcourt convenience store optimization that resulted in higher forecourt to backcourt conversion rates.
  • Fourth quarter Company Volume SSSG was 3.5%, while full-year Company Volume SSSG was 0.7%. The increases were primarily due to strategic efforts to increase same-store volume at Company sites.
  • We retrofitted 78 existing On the Run / Marché Express locations and constructed twelve Flagship locations in 2018. Our development initiatives will see the brand rolled out across our Canadian network in the coming years. In 2018, we expanded our private label brand, “59th Street Food Co.”, and are now offering 20 products at select Parkland locations. We are planning to launch an additional 20 private label products in 2019. In addition, we are currently testing our “Journie” loyalty program in two Canadian markets, and expect to expand the program across our network in 2019.

Commercial Highlights

  • Fourth quarter Adjusted EBITDA of $27 million, approximately flat compared to Q4 2017. Full-year Adjusted EBITDA was $93 million, an increase of $23 million relative to 2017 primarily due to the Acquisitions and strong first half 2018 propane organic growth and customer wins.
  • Fourth quarter Fuel and petroleum product volume decreased 4% relative to Q4 2017, primarily due to softer volumes in Western Canada. This was partially offset by a 4% decrease in operating costs as Parkland continues to maintain a strong emphasis on cost management.
  • Ongoing optimization of our Commercial brand portfolio in various geographies has seen certain legacy operations, particularly in Eastern Canada, successfully rebranded to Ultramar. This enables Parkland to drive future growth and sustained profitability under one aligned customer value proposition.

Supply Highlights

  • Fourth quarter Adjusted EBITDA of $199 million, an increase of $105 million relative to Q4 2017. These exceptional results were primarily driven by profitable supply sourcing initiatives, improved supply economics, continued efforts in executing Parkland’s supply advantage strategy and strong refining crack spreads. Due to the rapid price decrease of both crude feedstock and refined products in the fourth quarter, Parkland also realized a $49 million benefit from its working capital funding agreement at the Burnaby Refinery which flows through cost of purchases. On a full-year basis, this benefit totalled $20 million.
  • Full-year Adjusted EBITDA of $561 million, an increase of $401 million relative to 2017. The increase was driven by full year contributions from the Acquisitions and the factors outlined above.
  • Refinery utilization, which measures the amount of crude oil processed and converted to products in the Burnaby Refinery, was 87.8% for the fourth quarter, compared to 94.4% for Q4 2017. The Burnaby Refinery processed intermediary products and bio-fuels such as canola and tallow which are not reflected in crude throughput, and therefore not included in refinery utilization.

Parkland USA Highlights

  • Completed three acquisitions in 2018, the largest of which was the acquisition of all of the issued and outstanding equity interests of Rhinehart Oil Co., LLC and its affiliates (the “Rhinehart Acquisition”). The Rhinehart Acquisition closed on August 27, 2018, and added 10 distribution facilities, 9 retail sites, and 4 cardlock facilities across Utah, Colorado, Wyoming and New Mexico.
  • Fourth quarter Adjusted EBITDA of $11 million, an increase of $7 million relative to Q4 2017. Full-year Adjusted EBITDA was $28 million, an increase of $12 million relative to 2017. The increases are primarily due to the Rhinehart Acquisition and Parkland’s continued focus on its strategy to drive new business, grow organically and manage costs.
  • Fuel and petroleum product volume increased 92 million litres in the fourth quarter and 119 million litres on a full-year basis, relative to Q4 2017 and full-year 2017, respectively. The increase was primarily due to the Rhinehart Acquisition and organic growth initiatives.
  • Subsequent to the quarter, Parkland opened a Houston office that will support its growing supply and trading business in the U.S. and Caribbean markets.
  • Parkland will continue to look for acquisition opportunities in the U.S., including tuck-in opportunities in and around its existing regional operations centers and new regional operations centers in areas where we can establish a supply advantage.

Corporate Segment Highlights

  • Marketing, general and administrative expenses were $32 million in the fourth quarter and $111 million on a full-year basis. As expected, these expenses increased primarily due to additional corporate costs to support the larger integrated business and execute future growth strategies. In particular, additional costs were incurred for technological innovation initiatives and employee costs to support Parkland’s growth.

Consolidated Financial Overview

($ millions, unless otherwise noted) Three months ended December 31, Year ended December 31,
2018 2017 2016 2018 2017 2016
Financial Summary
Sales and operating revenue(6) 3,526 3,429 1,740 14,442 9,560 6,266
Adjusted gross profit(1) 587 469 197 1,995 1,094 708
Adjusted EBITDA(1) 285 198 77 887 418 253
Net earnings 77 49 3 206 82 48
Per share – basic 0.58 0.37 0.03 1.56 0.70 0.50
Per share – diluted 0.57 0.37 0.03 1.53 0.69 0.49
Distributable cash flow(2) 151 45 29 416 151 120
Per share(2)(3) 1.14 0.33 0.30 3.15 1.29 1.26
Adjusted distributable cash flow(2) 175 102 43 568 251 153
Per share(2)(3) 1.32 0.78 0.45 4.30 2.15 1.60
Dividends 41 39 28 159 138 110
Dividends declared per share outstanding 0.2934 0.2886 0.2835 1.1704 1.1510 1.1250
Dividend payout ratio(2) 27 % 89 % 94 % 38 % 91 % 91 %
Adjusted dividend payout ratio(2) 23 % 38 % 64 % 28 % 55 % 71 %
Total assets 5,661 5,412 2,562 5,661 5,412 2,562
Total long-term liabilities 2,750 2,469 692 2,750 2,469 692
Shares outstanding (millions) 134 131 96 134 131 96
Weighted average number of common shares (millions) 133 131 96 132 117 95
Operating Summary
Fuel and petroleum product volume (million litres)(4) 4,354 4,432 2,783 16,978 13,333 10,415
Fuel and petroleum product adjusted gross profit(1) (cpl)(5):
Retail 7.69 8.95 5.39 7.83 7.17 5.48
Commercial(6) 9.02 8.59 11.47 8.56 9.25 11.09
Parkland USA 4.97 3.48 3.62 3.95 3.32 3.46

(1) Measure of segment profit. See Section 13 of the MD&A.
(2) Non-GAAP financial measure. See Section 13 of the MD&A.
(3) Calculated using the weighted average number of common shares.
(4) Fuel and petroleum product volume represents external volumes only. Intersegment volumes, including volumes produced by the Burnaby Refinery and transferred to the Retail and Commercial segments, are excluded from this reported volume.
(5) “cpl” stands for cents-per-litre and is a key performance indicator. See Section 13 of the MD&A.
(6) For comparative purposes, sales and operating revenue and fuel and petroleum product adjusted gross profit (cpl) for the three months ended December 31, 2017 was restated for a reclassification from Commercial to Supply, reflecting a change in customer service delivery structure in 2018.

2019 Outlook & Guidance Range

Parkland will remain focused on its key strategies of organic growth, building a strong supply advantage and acquiring prudently. We will focus our efforts across three areas of operation (Canada, US & International):

  • Canada: Network development, optimize operations, increase customer loyalty and penetration, leverage scale
  • United States: Continued organic growth, target acquisitions with potential to enhance our supply advantage
  • International: Business continuity, asset optimization and growth

Enabled by integrated supply and marketing:

  • Supply: Leverage market inefficiencies and expand our supply advantage
  • Marketing: Enhanced customer value proposition across our entire portfolio

Our 2019 Guidance for Adjusted EBITDA attributable to Parkland is $960 million, with anticipated variance of up to 5 percent (“2019 Guidance Range”). In addition, the Company expects to spend approximately $200 million of maintenance capital expenditures. Our 2019 Guidance Range includes the expected contribution from Parkland’s 75% interest in SOL Investments Limited (“SOL”) and excludes the impact of adopting IFRS 16 – Leases. Parkland is in the process of assessing the impact of adopting IFRS 16 – Leases, which will be completed and disclosed in the March 31, 2019 Interim Condensed Consolidated Financial Statements and MD&A.

The 2019 Guidance Range includes some key assumptions highlighted below:

  • Burnaby refining margins forecast in line with the 5-year historical average
  • The performance of recently acquired businesses, general market conditions, including but not limited to fuel margins and weather, will remain substantially consistent in 2019
  • The low end of our 2019 Guidance Range accounts for potential adverse market conditions across our areas of operations, as well as the potential for lower refining margins than currently observable, while the high end of our 2019 Guidance Range accounts for greater than expected contributions from acquisition synergies, refining margins and organic growth

In addition, the factors and assumptions which contribute to Parkland’s assessment of the 2019 Guidance Range are consistent with existing Parkland disclosure and such guidance range is subject to risks and uncertainties inherent in Parkland’s business. Readers are directed to the “Risk Factors” section in the Annual MD&A and the Annual Information Form for a description of such factors, assumptions, risks and uncertainties.

Conference Call and Webcast Details: Q4 2018 & Year-end Results

Parkland will host a webcast and conference call on Friday, March 1, 2019 at 6:30am MST (8:30am EST) to discuss the results.

To listen to the live webcast and watch the presentation, please use the following link:

https://event.on24.com/wcc/r/1939108/C2E33F78683C1160CA31B32003C1BF58

Analysts and institutional investors interested in participating in the question and answer session of the conference call may do so by calling 1-888-390-0605 (toll-free) (Conference ID: 46696156).

Please connect and log in approximately 10 minutes before the beginning of the call.

The webcast will be available for replay two hours after the conference call ends. It will remain available at the link above for one year and will also be posted to www.parkland.ca.

MD&A and Consolidated Financial Statements

The Q4 2018 Management’s Discussion and Analysis (“MD&A”) and the 2018 Consolidated Financial Statements provide a detailed explanation of Parkland’s operating results for the year ended December 31, 2018. An English version of these documents will be available online at www.parkland.ca and SEDAR immediately after the results are released by newswire under Parkland’s profile at www.sedar.com. French Financial Statements and MD&A will be posted to www.parkland.ca and SEDAR as soon as they become available.

Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”). When used in this news release the words “expect”, “will”, “could”, “would”, “believe”, “continue”, “pursue” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, cash flow growth, run-rate synergies, private label program expansion, fuel volume growth, new business objectives, organic growth initiatives; Adjusted EBITDA Guidance; capital expenditure forecasts, contribution of the SOL business and 2018 U.S. acquisitions, forecast crack spreads and refining margins; supply improvement and optimization and plans and objectives of or involving Parkland.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, general economic, market and business conditions; industry capacity; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 9, 2018 and in “Forward-Looking Information” and “Risk Factors” in the Q4 2018 MD&A, each as filed on SEDAR and available on the Parkland website at www.parkland.ca.

Non-GAAP Financial Measures

This news release refers to certain non-GAAP financial measures that are not determined in accordance with International Financial Reporting Standards (“IFRS”). Distributable cash flow, distributable cash flow per share, adjusted distributable cash flow, adjusted distributable cash flow per share, dividend payout ratio and adjusted dividend payout ratio are not measures recognized under IFRS and do not have standardized meanings prescribed by IFRS. Management considers these to be important supplemental measures of Parkland’s performance and believes these measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in its industries. See Section 13 of the Q4 2018 MD&A for a discussion of non-GAAP measures and their reconciliations to the nearest applicable IFRS measure.

Adjusted EBITDA and adjusted gross profit are measures of segment profit. See Section 13 of the Q4 2018 MD&A and Note 24 of the 2018 Consolidated Financial Statements for a reconciliation of these measures of segment profit. Annual Synergies is an annualized measure and is considered to be forward-looking information. See Section 10 of the Q4 2018 MD&A. Investors are encouraged to evaluate each measure and the reasons Parkland considers it appropriate for supplemental analysis.

Investors are cautioned, however, that these measures should not be construed as an alternative to net earnings determined in accordance with IFRS as an indication of Parkland’s performance. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

ABOUT PARKLAND FUEL CORPORATION

Parkland is Canada and the Caribbean’s largest, and one of America’s fastest growing, independent suppliers and marketers of fuel and petroleum products and a leading convenience store operator. Parkland services customers in 25 countries through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

The post Parkland Fuel Corporation Announces Record 2018 Adjusted EBITDA of $887 million & Dividend Increase appeared first on Caribbean and Latin America Daily News.

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