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Declassified files show the note to former MP John Spellar also said the republican party had ignored the “visceral component of sectarianism” in responding to a new government good relations strategy. Mr Spellar, then a Northern Ireland Office minister, had launched a consultation on the “A Shared Future” document, an attempt to address community divisions, segregation and sectarianism in the region at a time when the devolved powersharing institutions were suspended. A file at the Public Record Office in Belfast shows that OFMDFM official Chris Stewart wrote to the minister in July about a response to the document from Sinn Fein representative Bairbre de Brun. Mr Stewart told Mr Spellar that Ms de Brun’s letter had been critical of the document and was clearly intended to “mark your card”. He said among a number of points raised by de Brun was that “the promotion of equality is the key to improving community relations”. His memo adds: “Sinn Fein is clearly seeking to position or align the issue of community relations within its equality and human rights agenda. “This general Sinn Fein position has resulted in a simplistic analysis of community relations, which is flawed in its description of the causes and necessary policy response. “There is of course, no doubt that a lack of equality has been a contributing factor to poor community relations. “However, Sinn Fein ignores the many other factors, not least the violent conflict that resulted in over 3,000 deaths. “Sinn Fein also portrays poor community relations (for nationalists) as being a purely rational response to the political situation. “This ignores the more visceral component of sectarianism, which is all too prevalent in both communities.” Mr Stewart continues: “To suggest, as Sinn Fein does, that the promotion of equality should be the key component of good relations policy is to ignore the key message in A Shared Future, that indirect approaches alone are insufficient to deal with sectarianism and the abnormal relationship between sections of the Northern Ireland community.” The official recommended the minister invite representatives of Sinn Fein to a meeting to discuss the policy. The file also contains a note about Mr Spellar’s meeting with DUP representatives Maurice Morrow and Peter Weir the following month to discuss the document. The note says: “Morrow said he had no problem with sharing the future and suggested that the first step to that would be an election to decide who spoke for whom – though he was quick to say he didn’t want politics to dominate the meeting.” It adds: “Weir said that the biggest step towards improving community relations would be the creation of a political environment that had the broad support of both unionism and nationalism, and the GFA (Good Friday Agreement) could not create that environment.”
WASHINGTON — President-elect Donald Trump called his meeting with Justin Trudeau productive and says the prime minister made a commitment to work with the United States to end the drug crisis amid the threat of stiff tariffs. “We discussed many important topics that will require both Countries to work together to address, like the Fentanyl and Drug Crisis that has decimated so many lives as a result of Illegal Immigration, Fair Trade Deals that do not jeopardize American Workers, and the massive Trade Deficit the U.S. has with Canada,” Trump said in a post on Truth Social Saturday. Trudeau flew to Florida Friday evening to attend a dinner at Mar-a-Lago, where Trump’s transition team is based. The in-person meeting came at the end of a rocky week in which Trump threatened to impose stiff tariffs on all imports from Canada and Mexico, unless the two countries stop illegal border crossings and prevent illicit drugs from entering the United States. Trump said he and Trudeau discussed the drug crisis and the president-elect made it “very clear that the United States will no longer sit idly by as our Citizens become victims” of the drug epidemic, which he attributed to cartels and fentanyl coming from China. “Prime Minister Trudeau has made a commitment to work with us to end this terrible devastation of U.S. Families,” Trump posted. Trump said the pair also discussed illegal immigration, as well as trade, energy and the Arctic. Trump’s post did not directly mention tariffs and it’s unclear whether the prime minister’s visit has alleviated his concerns about the border. Trudeau, in West Palm Beach Saturday morning, answered a reporter’s question about the dinner, calling it “an excellent conversation.” A statement from the Prime Minister’s Office said the two leaders “shared a productive wide-ranging discussion over dinner.” It was centred on collaboration and strengthening the bilateral relationship. “As Canada’s closest friend and ally, the United States is our key partner, and we are committed to working together in the interests of Canadians and Americans,” the statement said. Trudeau had a notably rocky relationship with the Republican leader during the first Trump administration. However, the prime minister was the first G7 leader to visit Trump since the Nov. 5 election. Trump’s tariff threats are critical for Canada. More than 77 per cent of Canadian exports go to the United States. Trudeau said earlier Friday that he would resolve the issue by talking with Trump.
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Declassified files show the note to former MP John Spellar also said the republican party had ignored the “visceral component of sectarianism” in responding to a new government good relations strategy. Mr Spellar, then a Northern Ireland Office minister, had launched a consultation on the “A Shared Future” document, an attempt to address community divisions, segregation and sectarianism in the region at a time when the devolved powersharing institutions were suspended. A file at the Public Record Office in Belfast shows that OFMDFM official Chris Stewart wrote to the minister in July about a response to the document from Sinn Fein representative Bairbre de Brun. Mr Stewart told Mr Spellar that Ms de Brun’s letter had been critical of the document and was clearly intended to “mark your card”. He said among a number of points raised by de Brun was that “the promotion of equality is the key to improving community relations”. His memo adds: “Sinn Fein is clearly seeking to position or align the issue of community relations within its equality and human rights agenda. “This general Sinn Fein position has resulted in a simplistic analysis of community relations, which is flawed in its description of the causes and necessary policy response. “There is of course, no doubt that a lack of equality has been a contributing factor to poor community relations. “However, Sinn Fein ignores the many other factors, not least the violent conflict that resulted in over 3,000 deaths. “Sinn Fein also portrays poor community relations (for nationalists) as being a purely rational response to the political situation. “This ignores the more visceral component of sectarianism, which is all too prevalent in both communities.” Mr Stewart continues: “To suggest, as Sinn Fein does, that the promotion of equality should be the key component of good relations policy is to ignore the key message in A Shared Future, that indirect approaches alone are insufficient to deal with sectarianism and the abnormal relationship between sections of the Northern Ireland community.” The official recommended the minister invite representatives of Sinn Fein to a meeting to discuss the policy. The file also contains a note about Mr Spellar’s meeting with DUP representatives Maurice Morrow and Peter Weir the following month to discuss the document. The note says: “Morrow said he had no problem with sharing the future and suggested that the first step to that would be an election to decide who spoke for whom – though he was quick to say he didn’t want politics to dominate the meeting.” It adds: “Weir said that the biggest step towards improving community relations would be the creation of a political environment that had the broad support of both unionism and nationalism, and the GFA (Good Friday Agreement) could not create that environment.”DUP ministers Peter Robinson and Nigel Dodds were sanctioned in 2000 by Stormont’s leaders over their plan to disrupt the powersharing Executive. Minutes of an Executive meeting from June of that year state further action would be considered “as appropriate” if the DUP went ahead with a threat to rotate its ministers. The minutes are within files which have been declassified at the Public Record Office in Belfast. Devolved powersharing had been restored to Northern Ireland in May 2000 when Ulster Unionist leader David Trimble had received the backing of his party to go back into the Assembly, despite there having been no decommissioning of IRA arms at that point. Then DUP deputy leader Mr Robinson and Mr Dodds took up the offices as ministers for regional development and social development, but refused to attend Executive meetings due to the presence of Sinn Fein ministers. The party also said it would rotate its ministerial posts to prevent other parties from taking them. A minute of an Executive meeting on June 8 said Mr Robinson and Mr Dodds had refused a request from First Minister Mr Trimble and deputy First Minister Seamus Mallon to meet with them “to discuss recent public comments by the DUP concerning their positions as ministers”. The minute records that the Executive endorsed a proposal from the First and deputy First Ministers to write again to the two DUP ministers setting out sanctions against them. It says: “The First Minister and and Deputy First Minister would assume responsibility for representing the Executive Committee on transport matters at the British-Irish Council in place of the Minister for Regional Development. “The Minister for Social Development and the Minister for Regional Development would not be nominated to attend meetings of the Joint Ministerial Committee. “Pending the receipt of satisfactory assurances from DUP Ministers regarding the confidentiality and integrity of Executive Committee business, the Minister for Social Development and Minister for Regional Development would not receive Executive Committee papers as of right. “The First Minister and Deputy First Minister would seek briefing, as appropriate, from officials in the Department for Regional Development and Department for Social Development.” The minute continues: “If the DUP carried out their threat to change the holders of the two Ministerial offices on a frequent basis, the Executive Committee would consider other action as appropriate.” Mr Robinson and Mr Dodds resigned as ministers on June 27 and were replaced by party colleagues Gregory Campbell and Maurice Morrow. A minute from an Executive meeting that day says: “The Executive Committee noted that the Minister for Social Development and Minister for Regional Development would be resigning their posts that afternoon, and expressed concern at the proposed rotation of the ministries held by their Party Members.”
Another quarter, another Apple ( AAPL 0.59% ) sale from Warren Buffett. The legendary investor sold a massive chunk of Apple stock yet again in the third quarter, estimated to be worth more than $20 billion, or 100 million shares. Berkshire Hathaway -- the company Buffett controls -- still owns $70 billion of Apple stock, but it is now a much smaller position than at the start of the year. Why is Buffett selling? This article will get into the likely culprit a little later. More importantly, what is Buffett buying today? Not much, but Berkshire Hathaway did take a stab and acquired 3.5% of Domino's Pizza ( DPZ 1.68% ) last quarter. Here's why the company may look attractive to Buffett and his investment team at the moment. Why Berkshire Hathaway keeps trimming Apple The Apple investment has generated over $100 billion in capital gains for Berkshire Hathaway. Throughout 2024, Buffett has begun to realize a lot of these gains, raising Berkshire Hathaway's cash position to more than $300 billion. He is likely shying away from Apple as such a large position in the Berkshire Hathaway portfolio for a simple reason: valuation . It has nothing to do with market timing, or Buffett making a bet that the stock market is going to crash anytime soon. The stock just looks overvalued at these prices. And it is hard to disagree with this sentiment. At current prices, Apple is trading at a price-to-earnings ratio ( P/E ) of 37. While not an egregious earnings ratio for a high-growth stock, Apple isn't a fast grower anymore. In fact, it is barely growing at all, and at a significantly slower pace than inflation. In the last three years, Apple's revenue is only up 3% on a cumulative basis. Buffett is likely concerned about the stock underperforming due to this tepid growth combined with a high earnings ratio. It is not like Apple is now a bad business; just one where the stock is priced to perfection. It is hard to compound your capital owning something like this. Domino's Pizza: The next restaurant franchising giant? On the other side of the spectrum, Berkshire Hathaway initiated a new position in Domino's Pizza last quarter, now owning a sizable chunk of the business. This is not nearly as large of a position as Apple, but it is curious that Berkshire Hathaway is buying the stock now. Buffett famously likes the capital-light franchising model for restaurants, and has been an ardent fan of McDonald's business success (along with its food) for a long time. Domino's Pizza runs a similar franchising model for its pizza shops. Like McDonald's a few decades ago, Domino's is now planning a major global expansion for its franchise. It is planning to open 800 to 850 new stores this year. Store count at the end of last quarter was 21,000. If it adds around 1,000 stores a year, the company will reach the same store level count as McDonald's today (over 40,000) in around 20 years. This lines up with management's long-term guidance of 7% sales growth and 8% operating income growth from 2026 to 2028. Berkshire Hathaway is likely attracted to Domino's because of this long-term growth potential. As he likes to say, growth and value are tied at the hip. If a company is set to grow its earnings at a durable rate for a long while, you can pay more for its current earnings and still make money. This is unlike Apple, which trades at a high P/E, but with low growth. DPZ Dividend Per Share (TTM) data by YCharts Should you buy Domino's stock? Even with a better growth profile than Apple -- or really, the average stock in the market -- Domino's trades at a P/E ratio of 26, which is below the S&P 500 ( ^GSPC 0.35% ) average of 30. It may be simplifying things, but this contradiction should make Domino's Pizza stock a buy at current prices. Don't forget that the company's robust capital returns program too. Domino's has grown its dividend per share by 474% in the last 10 years, while bringing its shares outstanding down by 38% due to a consistent share repurchase program. There's no reason to think both trends won't continue for the foreseeable future, either. Add these into the mix, and Domino's Pizza looks like a foolproof stock to buy and hold for the long term. No wonder Buffett and Berkshire Hathaway are buying.None
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LOS ANGELES, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Dentsply Sirona, Inc. ("Dentsply" or the "Company") XRAY investors of a class action representing investors that bought securities between December 1, 2022, and November 6, 2024 , inclusive (the "Class Period"). Dentsply investors have until January 27, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy , by phone 310-692-8883 or email : lesley@portnoylaw.com , to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. The lawsuit, filed in the U.S. District Court for the Southern District of Florida, brings claims under sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") on behalf of a class comprising individuals who purchased Dentsply common stock between December 1, 2022, and November 6, 2024 (the "Class Period") and suffered damages as a result (the "Class"). The Complaint alleges that during the Class Period, Defendants made materially false and misleading statements and failed to disclose significant negative information about the Company's operations and future prospects. Specifically, it is claimed that Defendants did not inform investors that: (1) the Company's Byte aligners had caused severe injuries to patients over several years; (2) the Company had not reported these injuries to the U.S. Food and Drug Administration (FDA); and (3) the financial value attributed to the Byte aligners was significantly overstated, among other issues. When the truth came to light, the Complaint states that Dentsply's stock price dropped by $6.72 per share, a decline of more than 28%, closing at $17.26 per share on November 7, 2024, resulting in losses for investors. Please visit our website to review more information and submit your transaction information. The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes. Lesley F. Portnoy, Esq. Admitted CA and NY Bar lesley@portnoylaw.com 310-692-8883 www.portnoylaw.com Attorney Advertising © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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