Philippine website editor held on defamation charge

first_img PhilippinesAsia – Pacific Condemning abusesProtecting journalistsMedia independenceInternational bodies WomenFreedom of expressionUnited NationsJudicial harassment Philippines: RSF and the #HoldTheLine Coalition welcome reprieve for Maria Ressa, demand all other charges and cases be dropped to go further Maria Ressa (on the left) was arrested in Rappler’s offices February 13, and is being kept in detention for the night. (photo : MARIA TAN / AFP) PhilippinesAsia – Pacific Condemning abusesProtecting journalistsMedia independenceInternational bodies WomenFreedom of expressionUnited NationsJudicial harassment ——————————————————————————–UpdateRSF is relieved to learn that Maria Ressa was released on bail this morning, deplores the fact that she had to spend a night in detention on a completely spurious charge, and calls for the immediate withdrawal of all judicial proceedings against her, Rappler and the website’s former court reporter, Reynaldo Santos Jr.——————————————————————————–Chosen as one of Time Magazine’s “persons of the year” in 2018, Ressa will spend tonight, February 13 in detention after being arrested at Rappler headquarters by agents from the National Bureau of Investigation armed with an arrest warrant issued on the basis of online defamation case filed last week.It seems that her arrest was left until the end of the afternoon with the deliberate aim of keeping her in detention overnight. According to her colleagues, the judge said there was no time to handle the bail request until tomorrow.The Philippine justice department filed the case against Ressa and Rappler on 6 February over an article published in 2012 about alleged ties between a Philippine businessmen and the then president of the country’s supreme court. The charges, which carry a possible 12-year jail sentence, were brought under a cyber-crime law that had not yet taken effect when the article was published.“Maria Ressa has no place in prison and the judicial persecution to which she is being subjected is becoming increasingly unacceptable,” RSF secretary-general Christophe Deloire said. “Digging up an old case that was dismissed in February 2018 is absolutely absurd and confirms that this is not justice but an attempt to gag a media outlet and editor recognized internationally for their professionalism and independence.”Deloire added: “We are asking the UN secretary-general to intercede as quickly as possible to end this harassment. At the same time, we ask the court that handles this case to dismiss all the charges against Maria Ressa and Rappler.”This is the sixth charge to be brought against Ressa in more than a year of systematic judicial harassment.  Four charges of tax evasion and failing to file income tax returns were brought against Rappler and Ressa last November. A fifth, completely spurious, charge was brought in December.Ressa is one of the 25 members of an international panel created at RSF’s initiative last year that drafted an international Declaration on Information and Democracy. On the basis of the declaration, the leaders of 12 democratic countries launched a political process on 11 November aimed at providing democratic guarantees for news and information and freedom of opinion.As well as being one of Time Magazine’s “persons of the year,” Ressa also received the 2018 Press Freedom Award from the Committee to Protect Journalists and has become a symbol of the Philippine media’s fight against intimidation by President Rodrigo Duterte.The Philippines is ranked 133rd out of 180 countries in RSF’s 2018 World Press Freedom Index. February 13, 2019 – Updated on June 11, 2020 Philippine website editor held on defamation charge News Organisation Filipina journalist still held although court dismissed case eleven days ago News Receive email alertscenter_img News News Follow the news on Philippines May 3, 2021 Find out more Mass international solidarity campaign launched in support of Maria Ressa Reporters Without Borders (RSF) condemns today’s arrest of Maria Ressa, the editor of the independent Manila-based news website Rappler, on a defamation charge, and is referring the Philippine government’s repeated persecution of this journalist and her website to the United Nations secretary-general. February 16, 2021 Find out more RSF_en June 1, 2021 Find out more Help by sharing this information last_img read more

Fannie Mae Dividend Payments to Exceed Treasury Draws

first_imgHome / Daily Dose / Fannie Mae Dividend Payments to Exceed Treasury Draws Servicers Navigate the Post-Pandemic World 2 days ago Share Save Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. February 21, 2014 723 Views Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Fannie Mae Income Report U.S. Department of the Treasury Demand Propels Home Prices Upward 2 days ago About Author: Colin Robins Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articlescenter_img  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Industry Leader Calls CFPB Deputy Director’s Comments ‘Irresponsible’ Next: Stewart Expands Capital Markets Service Offerings Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae Dividend Payments to Exceed Treasury Draws in Daily Dose, Featured, Government, Headlines, News The Best Markets For Residential Property Investors 2 days ago Fannie Mae released its Comprehensive Income Statement for the fourth quarter of 2013, noting a quarterly comprehensive income of $6.6 billion. It was the eighth consecutive quarterly profit for the government-sponsored enterprise (GSE).The report noted the positive quarterly income “contributed to Fannie Mae’s positive net worth of $9.6 billion as of December 31, 2013.”Annual net income for Fannie Mae was $84 billion.The company will pay $7.2 billion in dividends on senior preferred stock to the U.S. Department of the Treasury in March, 2014.  The payment marks “the first time in which the company”s cumulative dividend payments to Treasury will exceed its total draws,” the statement reports.Through the end of December, 2013, Fannie Mae requested cumulative draws totaling $116.1 billion and paid $113.9 billion in dividends to Treasury. The March payment will exceed total Treasury draws.The report comments, “Fannie Mae has not received funds from Treasury since the first quarter of 2012.”Since January 1, 2009, Fannie Mae has provided $4.1 trillion in liquidity to the mortgage market through its purchasing and guaranteeing of loans. The GSE enabled borrowers to complete 12.3 million refinancings, 3.7 million home purchases, and financed 2.2 million units of multifamily housing.Fannie Mae credits the strong earnings of Q4 2013 to stable revenues, credit-related income, and fair value gains. Credit-related income specifically received boosts from an increase in home prices, a decline in the delinquency rate, and “updated assumptions and data used to estimate the company’s allowance for loan losses in 2013.”The report notes further factors in the increased income: “Fannie Mae’s 2013 financial results also were positively affected by the release of the company’s valuation allowance against its deferred tax assets and the large number of resolutions the company entered into during the year relating to representation and warranty matters and servicing matters.”However, the report is cautious about the foreseeable future, noting that while it expects to remain strong in the coming years, net income in the future is expected to drop from 2013. Fannie Mae Income Report U.S. Department of the Treasury 2014-02-21 Colin Robins Subscribelast_img read more