Economic life – Water Valley Chamber http://watervalleychamber.info/ Fri, 07 Jan 2022 23:45:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.2 https://watervalleychamber.info/wp-content/uploads/2021/11/wat.png Economic life – Water Valley Chamber http://watervalleychamber.info/ 32 32 Brookfield Reinsurance increases stake in American Equity Investment Life Holding Company https://watervalleychamber.info/brookfield-reinsurance-increases-stake-in-american-equity-investment-life-holding-company/ Fri, 07 Jan 2022 22:11:45 +0000 https://watervalleychamber.info/brookfield-reinsurance-increases-stake-in-american-equity-investment-life-holding-company/ Content of the article BROOKFIELD, NEWS, January 07, 2022 (GLOBE NEWSWIRE) – Brookfield Asset Management Reinsurance Partners Ltd. (NYSE, TSX: BAMR) (together with its affiliates, “Brookfield Reinsurance”) announced today that it has purchased an additional 6,775,000 shares of common stock of American Equity Investment Life Holding Company (NYSE: AEL) (“AEL” ), bringing its combined total […]]]>

Content of the article

BROOKFIELD, NEWS, January 07, 2022 (GLOBE NEWSWIRE) – Brookfield Asset Management Reinsurance Partners Ltd. (NYSE, TSX: BAMR) (together with its affiliates, “Brookfield Reinsurance”) announced today that it has purchased an additional 6,775,000 shares of common stock of American Equity Investment Life Holding Company (NYSE: AEL) (“AEL” ), bringing its combined total ownership interest in AEL to approximately 16%. The share purchase took place under the terms of the previously announced investment agreement between Brookfield Reinsurance and AEL after receiving the required regulatory approvals on December 29, 2021. Brookfield Reinsurance acquired the additional shares at a price of 37, $ 33 per share, or AEL’s adjusted book value as of September 30, 2021, for total consideration of approximately $ 253 million.

Content of the article

About Brookfield Reinsurance

Brookfield Asset Management Reinsurance Partners Ltd. (NYSE: BAMR; TSX: BAMR) operates a leading reinsurance business focused on providing capital-based and annuity solutions for insurance and reinsurance companies, and retirement risk transfer products for pension plan sponsors. Each Class A Exchangeable Share of Brookfield Reinsurance is exchangeable at the rate of one share for one Class A Limited Voting Share of Brookfield Asset Management Inc. (NYSE: BAM; TSX: BAM.A).

For more information, please visit our website at bamr.brookfield.com or contact:

Content of the article

Notice to readers

Brookfield Reinsurance is not making any offer or invitation of any kind through the communication of this press release and in no case should it be construed as a prospectus or an advertisement.

Some of the information contained in this document is based on or derived from information provided by independent third party sources. Although Brookfield Reinsurance believes this information to be accurate as of the date it was produced and that the sources from which this information was obtained are reliable, Brookfield Reinsurance makes no representations or warranties, express or implied, as to relates to the accuracy, reasonableness or completeness of any of the information or assumptions on which such information is based, contained herein, including, but not limited to, information obtained from third parties .

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Welcome the unvaccinated and let life return to normal, says Erin O’Toole https://watervalleychamber.info/welcome-the-unvaccinated-and-let-life-return-to-normal-says-erin-otoole/ Fri, 07 Jan 2022 03:00:00 +0000 https://watervalleychamber.info/welcome-the-unvaccinated-and-let-life-return-to-normal-says-erin-otoole/ OTTAWA – It’s time to accept that some Canadians will never be vaccinated against COVID-19 and find a workaround instead of defaulting to lockdowns, Conservative Leader Erin O’Toole said Thursday. With most of the population vaccinated, Canada should be able to manage a semblance of normal life using rapid tests and better access to personal […]]]>

OTTAWA – It’s time to accept that some Canadians will never be vaccinated against COVID-19 and find a workaround instead of defaulting to lockdowns, Conservative Leader Erin O’Toole said Thursday.

With most of the population vaccinated, Canada should be able to manage a semblance of normal life using rapid tests and better access to personal protective equipment, O’Toole said at a press conference in Ottawa.

“That’s not to say that I don’t think people shouldn’t be vaccinated. This means that we have to face the reality that there will be a small number of unvaccinated, ”he said.

Currently, nearly 80% of the Canadian population is considered fully vaccinated against COVID-19, although the first doses continue to be given daily, including to children aged five to 11, who do not. became eligible only at the end of last year.

Widespread vaccination mandates are in place, but new rules will be implemented in the coming days as the most transmissible Omicron variant lashes across the country.

Among them, a requirement from next week for cross-border truckers to present proof of vaccination, an approach according to O’Toole that risks thousands of job losses and new problems in the supply chain.

There must be a way to accommodate people like them that also preserves public health, he said, such as greater use of rapid tests.

O’Toole lambasted the government for the speed with which it is putting faster tests in the hands of Canadians.

Prime Minister Justin Trudeau announced on Wednesday that 140 million rapid tests will be shipped to provinces this week, after 35 million tests were delivered last month.

By December, Ottawa had ordered 95 million tests, and O’Toole noted that provinces cited a lack of tests to delay going back to school this month, raising questions about whether the federal offer actually responds to provincial demand.

Delaying the start of in-person school is one of many public health measures reimposed as cases rise due to the Omicron strain.

Hospitalization rates are also increasing, and data suggests that Canadians who are not vaccinated against COVID-19 are more likely to be hospitalized if they are infected.

In British Columbia, for example, people who were not fully vaccinated accounted for only 16.2% of COVID-19 cases reported between December 28 and January 3, but accounted for 51.4% of hospitalizations during the same period .

The main reason for the new restrictions is the need to protect health care capacity.

O’Toole did not respond directly when asked on Thursday why people who have chosen not to be vaccinated should be accommodated when their hospitalization rates place increased restrictions on Canadians vaccinated.

Instead, he accused Trudeau of sowing division by making vaccination a political issue since the federal election campaign last summer.

“If I thought this was a way to increase immunization levels, I would have taken this approach during the election,” he said.

O’Toole also said the federal government’s failures to provide rapid tests, personal protective equipment and effective contact tracing mean that provinces have no choice but to force shutdowns of businesses and tell people to ask for federal economic assistance.

“It funds blockages rather than funding tools to help us maintain a certain balance here,” he said.

The Liberals said Thursday that O’Toole was the one supporting the lockdowns.

The office of Health Minister Jean-Yves Duclos stressed that the Conservatives oppose mandatory vaccine requirements for federal workers and travelers, as well as for Members of Parliament on Parliament Hill, although ‘they agreed to respect them.

“By opposing these measures, including for his own deputies, Mr. O’Toole effectively supports the continuation of the blockages,” said a statement from the Duclos office.

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American Equity Investment Life (NYSE: AEL) Equity Rating Improved by Evercore ISI https://watervalleychamber.info/american-equity-investment-life-nyse-ael-equity-rating-improved-by-evercore-isi/ Wed, 05 Jan 2022 12:42:43 +0000 https://watervalleychamber.info/american-equity-investment-life-nyse-ael-equity-rating-improved-by-evercore-isi/ American Equity Investment Life (NYSE: AEL) was raised by Evercore ISI from an “online” rating to an “outperforming” rating in a research note published Wednesday, Fly reports. The brokerage currently has a price target of $ 46.00 on shares of the financial services provider, up from its previous price target of $ 34.00. Evercore ISI’s […]]]>

American Equity Investment Life (NYSE: AEL) was raised by Evercore ISI from an “online” rating to an “outperforming” rating in a research note published Wednesday, Fly reports. The brokerage currently has a price target of $ 46.00 on shares of the financial services provider, up from its previous price target of $ 34.00. Evercore ISI’s price target would suggest a potential rise of 13.55% from the security’s previous close.

A number of other brokerages have also recently published reports on the AEL. Raymond James raised his price target on American Equity Investment Life from $ 37.00 to $ 40.00 and gave the stock an “outperformance” rating in a research report on Thursday, November 18. Piper Sandler upgraded American Equity Investment Life from a “neutral” to an “overweight” rating and increased its target price for the share from $ 36.00 to $ 46.00 in a research report released Wednesday. JPMorgan Chase & Co. raised its price target on American Equity Investment Life from $ 37.00 to $ 41.00 in a research report released Tuesday. Keefe, Bruyette & Woods upgraded American Equity Investment Life from a “market performance” rating to an “outperformance” rating and set a price target of $ 42.00 for the company in a research report released on Wednesday 1 December. Finally, Zacks investment research reduced American Equity Investment Life from a “strong buy” rating to a “conservation” rating and set a price target of $ 42.00 for the company. in a research report Tuesday. Four equity research analysts rated the stock with a conservation rating and eight issued a buy rating for the company. According to MarketBeat.com, American Equity Investment Life currently has a consensus rating of “Buy” and an average price target of $ 40.15.

(A d)

The global lithium market is expected to grow by 500% due to a growing need for lithium batteries. And a junior mining company in a renowned South American location is in the right place at the right time to capitalize on this megatrend.

NYSE: AEL open at $ 40.51 Wednesday. The stock’s 50-day moving average price is $ 36.20, and its 200-day moving average price is $ 33.15. American Equity Investment Life has a 52 week low at $ 26.21 and a 52 week high at $ 41.49. The company has a market cap of $ 3.75 billion, a P / E ratio of 11.28 and a beta of 1.21. The company has a debt to equity ratio of 0.09, a quick ratio of 0.34, and a current ratio of 0.34.

American Equity Investment Life (NYSE: AEL) last released its quarterly earnings data on Monday, November 8. The financial services provider reported EPS of $ 1.46 for the quarter, beating consensus analysts’ estimates of $ 0.76 by $ 0.70. American Equity Investment Life recorded a return on equity of 5.87% and a net margin of 10.79%. The company posted revenue of $ 542.56 million for the quarter, compared to a consensus estimate of $ 578.71 million. In the same quarter of the previous year, the company posted earnings per share of $ 0.99. The company’s revenue was down 32.1% year-on-year. As a group, sell-side analysts predict that American Equity Investment Life will post earnings per share of 3.87 for the current fiscal year.

Separately, CEO Anant Bhalla sold 10,214 shares of the company in a trade on Tuesday, November 30. The stock was sold for an average price of $ 29.64, for a total value of $ 302,742.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s shares.

Institutional investors have recently increased or reduced their stakes in the company. Balyasny Asset Management LLC increased its stake in American Equity Investment Life shares by 12.8% in the third quarter. Balyasny Asset Management LLC now owns 297,013 shares of the financial services provider valued at $ 8,783,000 after purchasing an additional 33,611 shares in the last quarter. Comerica Bank increased its stake in American Equity Investment Life shares by 82.7% in the third quarter. Comerica Bank now owns 147,313 shares of the financial services provider valued at $ 4,988,000 after purchasing an additional 66,685 shares in the last quarter. Gyon Technologies Capital Management LP acquired a new equity interest in American Equity Investment Life in the third quarter valued at $ 1,129,000. Schonfeld Strategic Advisors LLC increased its stake in American Equity Investment Life shares by 21.0% in the third quarter. Schonfeld Strategic Advisors LLC now owns 54,827 shares of the financial services provider valued at $ 1,620,000 after purchasing an additional 9,527 shares in the last quarter. Finally, Easterly Investment Partners LLC acquired a new stake in American Equity Investment Life shares in the third quarter valued at $ 6,862,000. Hedge funds and other institutional investors hold 90.64% of the company’s shares.

About American Equity Investment Life

American Equity Investment Life Holding Co is engaged in the development and sale of fixed index and fixed rate annuity products. It focuses on the following portfolios: commercial mortgages, agricultural mortgages and residential mortgages. The company was founded by David J. Noble on December 15, 1995 and is headquartered in West Des Moines, IA.

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Analyst Recommendations for American Equity Investment Life (NYSE: AEL)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

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American Equity Investment Life Holding Preferred Shares, Series A, Outperform Yield Territory by 5.5% https://watervalleychamber.info/american-equity-investment-life-holding-preferred-shares-series-a-outperform-yield-territory-by-5-5/ Tue, 04 Jan 2022 19:22:34 +0000 https://watervalleychamber.info/american-equity-investment-life-holding-preferred-shares-series-a-outperform-yield-territory-by-5-5/ IOn Tuesday trading, shares of American Equity Investment Life Holding Co. 5.95% non-cumulative fixed rate reset preferred stock, Series A (ticker: AEL.PRA) fell above the 5.5 mark % based on its quarterly dividend (annualized at $ 1.4875), with stocks changing hands for as little as $ 27.00 a day. This compares to an average return […]]]>

IOn Tuesday trading, shares of American Equity Investment Life Holding Co. 5.95% non-cumulative fixed rate reset preferred stock, Series A (ticker: AEL.PRA) fell above the 5.5 mark % based on its quarterly dividend (annualized at $ 1.4875), with stocks changing hands for as little as $ 27.00 a day. This compares to an average return of 5.24% in the “Financial” preferred share category, according to Favorite Stock Channel. At the last closing, AEL.PRA traded with a premium of 10.00% over the amount of its liquidation preference, against an average premium of 6.49% in the “Financial” category. Investors should keep in mind that stocks are not cumulative, which means that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming an ordinary dividend.

The graph below shows the one-year performance of AEL.PRA shares, compared to AEL:

Below is a dividend history chart for AEL.PRA, showing historical dividend payouts on American Equity Investment Life 5.95% Fixed Rate Resetting Non-Cumulative Preferred Shares Series A:

AEL.PRA + Dividend + History + Graph


Free report: higher dividends of 7% and more (paid monthly)

As of Tuesday’s trading session, American Equity Investment Life Holding Co’s 5.95% fixed rate reset non-cumulative preferred shares (ticker: AEL.PRA) are currently down about 1.8% on this day. there, while common stocks (ticker: AEL) are trading flat.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Iran’s connectivity plans suddenly come to life https://watervalleychamber.info/irans-connectivity-plans-suddenly-come-to-life/ Mon, 03 Jan 2022 11:18:00 +0000 https://watervalleychamber.info/irans-connectivity-plans-suddenly-come-to-life/ The second freight train connecting Pakistan to Turkey via Iran left with the coordination of customs, railways and freight forwarders in the three countries after the successful launch of the service last month, according to the news agency Fars. The 24-car train carrying talc, a mineral-based product commonly used in baby powder, cosmetics, personal hygiene […]]]>

The second freight train connecting Pakistan to Turkey via Iran left with the coordination of customs, railways and freight forwarders in the three countries after the successful launch of the service last month, according to the news agency Fars.

The 24-car train carrying talc, a mineral-based product commonly used in baby powder, cosmetics, personal hygiene and industrial products, left the dry port of Azakhel in Pakistan for Istanbul in Turkey on Thursday.

After arriving at Zahedan station in Iran via the Mirjaveh border, the cargo is transhipped into covered wagons to be transported to the Razi border from where it will cross Turkey.

In order to increase international trade, Iran’s new administration has said its priority is to complete transit corridors and establish rail links with neighboring countries and others to strengthen passenger and freight transport. railway.

Iran, Pakistan and Turkey are the founders of the Organization for Economic Cooperation (OCE), currently a 10-member political and economic intergovernmental organization established in 1985.

The first freight train carrying rice, dates and pink salt rolled out of Margala station in Islamabad for Istanbul last month after a 10-year hiatus, carrying more than a dozen containers.

The 6,540 km journey from the Pakistani capital to the largest city in Europe takes 10 days, less than half the time required for a trip equivalent to 21 days at sea.

It covers 1,990 km within Pakistan, passing through Quetta to Taftan on the Iranian border and to Tehran and Tabriz over a section of 2,603 ​​km before ending in Istanbul via Ankara.

The three countries launched the Islamabad-Tehran-Istanbul (ITI) container train service in 2009, but it was only achieved through testing and was never fully operational.

Despite this, they still planned to follow the original freight trains with passenger services and operationalize the transnational ITI line with the aim of improving connectivity with the Chinese Belt and Road Initiative (BRI). .

“The departure of the container train from Pakistan to Iran and Turkey was a long-held dream of countries in the region, which has come true again,” Pakistani Minister of Railways Azam Khan Swati said. , at the opening of the project.

He said strengthening and expanding CEE rail cooperation can contribute to regional stability and peace.

The ITI, by extension, will connect to China’s Xinjiang Autonomous Region which is populated by ethnically Turkish Uyghur Muslims and further strengthen the BRI, a trillion-dollar plan to connect the infrastructure and economies of Asian countries. , Africa and Europe.

China views Iranian transport in particular as part of the BRI and has sought to be closely involved in building the infrastructure of the West Asian nation. The ITI Railroad, on the other hand, will help Iran bypass US sanctions.

For Tehran, this is an interesting alternative trade route as the CEE countries trade in local currencies.

The United States followed a policy of “maximum pressure” against Iran in order to isolate the country by cutting all modes of international trade with the Islamic Republic. However, it is virtually impossible to isolate and prevent Iran from trading with its neighbors.

UAE-Iran-Turkey land corridorr

Last month, an official with the Iranian Road Maintenance and Transport Organization said that the Islamic Republic, Azerbaijan and Georgia had reached an agreement on the establishment of a transit road connecting the Persian Gulf to the Black Sea.

This transit route has the potential to be linked to the ITI and further enhance connectivity in the region, given that Pakistan and Turkey are both close allies of Azerbaijan in addition to having strong trade relations with the region. ‘Iran.

Javad Hedayati also announced the testing of a transit corridor connecting the UAE to Turkey via Iran after two trucks entered the Islamic Republic on a RoRo freighter and traveled the rest of the way to to their destination across the Bazaargan Border.

The new service has cut the journey time by eight days, which normally takes 20 days and requires crossing the Bab al-Mandeb Strait to the Red Sea and the Suez Canal, he said.

“The land transit time was much shorter than the sea transit time, and its economic viability has been confirmed. In addition, it does not have the costs and stoppages of crossing the Suez Canal,” Hedayati said. .

The test coincided with a rare visit to Tehran by the UAE’s senior national security adviser, Sheikh Tahnoon bin Zayed Al Nahyan, in early December. According to media reports, the launch of the land transit corridor connecting the UAE to Turkey via Iran featured prominently in discussions with his Iranian counterpart Ali Shamkhani and other officials.

Turkish Foreign Minister Mevlut Cavusoglu, however, was quoted on Friday as saying his country had received a proposal from the United Arab Emirates on land transport via Iraq.

“We took advantage of it,” he said, explaining that the two sides signed a land transport agreement during his visit to the United Arab Emirates ahead of President Recep Tayyip Erdogan’s visit to the Arabian Persian Gulf country on next month.

“When we do the math, any ship currently sailing from Istanbul to the United Arab Emirates takes 25-28 days by sea, but it takes 10 days by land. However, most of that time is spent on customs clearance, ”Cavusoglu said.

“This time should be reduced … We are negotiating now,” he said, adding that they were motivated by the desire to reduce this time via the Iraqi route which could be reduced if the rail and road projects between the Turkey and Iraq were implemented.

Last year, the Turkish transport minister said that Baghdad and Ankara are planning a railway line from the Iraqi port of Faw in the southern province of Basra to the capital and the Turkish border.

Iranian Minister of Roads and Urban Development Rostam Qasemi signed an agreement with his Iraqi counterparts for the implementation of the Basra-Shalamcheh railway during his visit to Baghdad last month.

The official IRNA news agency said the two sides then agreed to form a joint venture to complete the project within two months.

The 30 km railway is strategically important, which could eventually link Iran to the Mediterranean Sea via Iraq and Syria.

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New life breathed into the Winnipeg Hotel, the oldest building in the city center https://watervalleychamber.info/new-life-breathed-into-the-winnipeg-hotel-the-oldest-building-in-the-city-center/ Sat, 01 Jan 2022 12:00:00 +0000 https://watervalleychamber.info/new-life-breathed-into-the-winnipeg-hotel-the-oldest-building-in-the-city-center/ The oldest building in downtown Winnipeg could come to life, provided its bones are still strong. Work has started on a structural inspection of the Winnipeg hotel, with heritage lovers closely crossing their fingers it can be restored to old-fashioned glory and reopened as a boutique hotel. “Absolutely thrilled,” said Cindy Tugwell, Executive Director of […]]]>

The oldest building in downtown Winnipeg could come to life, provided its bones are still strong.

Work has started on a structural inspection of the Winnipeg hotel, with heritage lovers closely crossing their fingers it can be restored to old-fashioned glory and reopened as a boutique hotel.

“Absolutely thrilled,” said Cindy Tugwell, Executive Director of Heritage Winnipeg. “The transformation, if it takes place, from what it is now to what it could be, I think that would change Main Street forever.”

Built in 1873, the two-story building at 214 Main Street was originally called the Garry Saloon, probably named after the Hudson’s Bay Company Fort Garry, from which the land had been purchased.

She has been there to witness the arrival of railways and electricity, the evolution of roads from dirt to asphalt, and the demographic and economic booms – and downturns – that have marked the growth of the city. In fact, he even witnessed the city’s incorporation in 1873, a few months before that.

“It really is the Main Street hotels that brought this city to life and the story that can be told from this building,” Tugwell said.

Photograph of a muddy main street in 1872, facing north from Portage Avenue, a year before the Winnipeg Hotel was built. (City of Winnipeg Archives)

In September 1892, it was the site of the reorganization meeting of the 90th Battalion rugby football club into Osborne Football Club, which became the founding member of the Manitoba Rugby Football Union, a precursor to the CFL, according to local history blogger Christian Cassidy.

Its history is steeped in Winnipeg’s DNA, but a few years ago the hotel itself was almost historic.

He has seen many renovations and owners over the years and a change in his fortunes. Elements such as the wrought-iron balcony above the main entrance have been removed, the street-level bay windows replaced with glass blocks, and the brick facade covered with plywood and tiles.

The Winnipeg Hotel, on the left, and the Macdonald Building and Fortune Building, on the far right, circa 1926. At the time, the Macdonald Building was the commercial hotel. The smaller building in the middle is the old Dominion Hotel (later the Blue Note Café). (Thomas Burns Collection / Archives of Manitoba)

Over the past several decades his care has been neglected and he has gained a more mixed reputation, with the owner and nine women arrested in the mid-1980s for running a bawdy-house.

Tugwell described it as “an eyesore that everyone rushes past or drives or feels unsafe.”

More recently, it has continued to operate as a hotel occupied primarily by long-term residents in need of accommodation. Likewise, the nearby Macdonald and Fortune Blocks have faced a similar decline and a grim future.

The owners of all properties were approached in 2015 by developers who wanted to demolish the buildings to make way for a new 150-room long-term hotel. The owners accepted the deal, but the city had considered adding the buildings to the list of historic resources, preventing their demolition.

The Winnipeg hotel, as seen in the 1960s, after renovations changed its facade. (Archives of Manitoba)

Supporters of their demolition estimated that the cost of saving the Macdonald and Fortune Blocks alone would exceed $ 17 million. They tried to convince the city that no one would spend it.

That’s when John Pollard stepped in. The local businessman, co-CEO of Pollard Banknote, offered to buy and preserve the two joined blocks at the corner of Main Street and St. Mary’s Avenue.

The city ultimately decided to protect the properties, which killed the development agreement. The owners therefore accepted Pollard’s offer. The package included the Macdonald-Fortune blocks, the Winnipeg hotel and the vacant land between them.

Four years and several million dollars later, the Macdonald-Fortune Blocks reopened, their facades appearing as in the 1880s, as if they came from a time capsule.

“We’re really lucky. It’s an anomaly to have a family like that – taking over these buildings and doing what they did is huge. It’s so rare,” Tugwell said.

“They just came in and they took the harder route – the more expensive route, the hardest route – but they did the right thing and it’s going to resonate for generations to come. glad the hotel winnipeg is part of this package as he’s going to see what it can do and i know demolition would be absolutely a last resort. “

A horse and cart stand against the sidewalk in front of Macdonald and Fortune Blocks in this 1892 photo. The Winnipeg Hotel is on the left and the Dominion Hotel (later the Blue Note Café) is the shorter building in the middle. . (Victor Acker Collection / Archives of Manitoba)

Pollard was not sure the Winnipeg Hotel could be salvaged when he purchased it. Although the purchase was made in 2016, the title was not due to transfer until 2018, so he had to wait to get inside to do a full structural analysis and determine what, if anything, could be done. to save him.

At the time, Pollard’s son Ryan, who led the redevelopment of the Macdonald-Fortune Blocks, said “we haven’t had much time to think about what exactly this is going to be, but the vague plan is. to redevelop it into a charming hotel. We like the idea of ​​keeping the same use. “

The hotel bar was at the time the oldest business in town to operate permanently in one location.

It has been around since 1881, when the hotel expanded to three floors to meet the demands of an influx of settlers on the new Canadian Pacific Railway. Newly renamed the Winnipeg Hotel and offering 57 rooms, three living rooms and a modern dining room, its first guests arrived in September.

In 1882, Winnipeg’s population doubled to 25,000, and the hotel soon grew again. A four-story brick section, bringing the capacity to 80 rooms, was added in 1901.

The Winnipeg Hotel in 2015, long after many of its original features were removed or redesigned. (Murray Peterson / City of Winnipeg)

In the same year, the owners bought the neighboring Dominion hotel with plans to demolish it and build a five-story addition. It would have included an additional 70 to 80 rooms, a billiard room, an expanded restaurant, and elevators, but the plans never materialized.

Another booming section of town caught the attention of owners. They sold the Winnipeg hotel to buy the Queen’s Hotel on Portage Avenue and Notre Dame Avenue (now the courtyard of the BMO Tower).

The Pollards took possession of it in 2019 and helped tenants find new homes before closing it down to begin inspection work. The family runs Home First Winnipeg, a non-profit charitable organization established to provide affordable housing.

“It’s a testament to what this family is like. It’s just a wonderful, philanthropic family,” Tugwell said.

The Blue Note Café, formerly the Dominion Hotel, was nestled between the Winnipeg Hotel and the Macdonald-Fortune Blocks. (Winnipeg Free Press Archive)

The hotel property also had vacant neighboring land, formerly the location of the Dominion Hotel – and several subsequent businesses – before the building was razed in around 2010.

Once littered with discarded clothes and bottles and other trash thrown out of hotel windows, the grounds were cleared and fenced off.

Last summer it opened as an open-air pub and concert venue called Blue Note Park – a nod to the Blue Note Café that once occupied the space.

Blue Note Park, between the Winnipeg Hotel, on the left, and Macdonald Block, on the right. (Google Street View)

Since they were able to get inside the hotel, the Pollards have peeled off old layers of renovation but are reluctant to say how everything is going, preferring to wait to be absolutely certain of the building’s fate.

In response to why the family is tackling projects that other developers see as cumbersome and too expensive, Ryan said that’s never what their decisions have been measured against.

“We believe that the buildings that were built in Winnipeg at the turn of the century and still stand today are a defining part of our city’s character. It’s been a lot of fun playing a small role in keeping this kind of architecture alive in Winnipeg, ”he said.

Renovations have revealed that the upper stained glass frames are still in place above the main glass block windows. According to Christian Cassidy, the stained glass windows were also in place, locked away by a past renovation project, and were sent for restoration. (Christian Cassidy / Facebook)

The original details of the Winnipeg Hotel, including the iron balcony, floor to ceiling windows, and stained glass, can be seen in 1933. (Archives of Manitoba)

Cassidy saw optimistic signs outside the Winnipeg Hotel. Some original details, such as the stained glass windows and frames above the bay windows at street level, were discovered during the dismantling of the facade.

They had long been boxed in and covered with plywood and tiles that protected them.

“It is remarkable how intact the facade of the 1895 Winnipeg Hotel is now that much of its 1960s renovations have been removed. You can even see where the ‘Juliet Balcony’ was attached [above the main entrance]”Cassidy wrote in a post on her Facebook page.

While the building’s original architecture and details are important, making the building functional again and used in a way that draws people in “is really the big win here,” Tugwell said.

“We will always have the history of the hotel, regardless of what they may retain architecturally or what they have to recreate. We have to bring people back to the streets. It was part of the culture to be on Main Street and we were at risk of losing that.

“I feel like we’re going to get some of that back.”

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Say no to Fomo: how I agreed to stay inside | Life and style https://watervalleychamber.info/say-no-to-fomo-how-i-agreed-to-stay-inside-life-and-style/ Fri, 31 Dec 2021 19:51:00 +0000 https://watervalleychamber.info/say-no-to-fomo-how-i-agreed-to-stay-inside-life-and-style/ II never intended to hide in the toilet. There was a lot going on outside: intriguing conversations and top-notch networks; free drinks, air kisses and cold canapes which – I had quickly discovered, after glances – were quite, like my fellow assistants, there only for the show. The gallery was filled, I was assured, with […]]]>

II never intended to hide in the toilet. There was a lot going on outside: intriguing conversations and top-notch networks; free drinks, air kisses and cold canapes which – I had quickly discovered, after glances – were quite, like my fellow assistants, there only for the show. The gallery was filled, I was assured, with fashion figures and media leaders. I was lucky to have been invited to this lounge, one of the hostesses generously informed me. What exactly a “living room” is, I’m still not sure.

Deep down inside, I just didn’t want to be there. Just 90 minutes ago, I was looking at Gogglebox and laughing at Pringles in bed. But I went there out of a sense of duty. Perhaps a desire to broaden my horizons, or a compulsion to get out of my comfort zone, where I had become too secure and cozy. Now I was there, sitting in a locked booth, counting the minutes before I could leave without sounding rude.

Too often I went through this same stupid movement. Concerned about growing old and fearful of wasting my finite time on Earth lying on the couch, I would panic at the thought of seeing death before I knew it, full of regret. Frankly speaking, I would have a serious case of Fomo (fear of missing out). This feeling tends to peak in January when, rather than hibernating, as it would make eminently sense, I convince myself that exposure therapy will somehow improve me. I say yes to park joggers, parties and once, a ceilidh. But this year, I refuse to be sucked in again – I’m determined to accept saying yes to saying no to things I just don’t want to do.

For most of my young adult life, I held onto the idea that – generally speaking – I was pretty boring, pretty lazy, a fair amount of boredom. I would be mortified if someone gave me these labels; after all, I’m good value for money for weddings, funerals, and barmitzvahs (and I attend most of those I’m invited to) – but I still had a growing feeling that I wasn’t enjoying it. enough of life’s precious moments.

When did Fomo start? In school, reports often had the words “must try harder” – and I guess the idea stuck. There had been a relationship, my first in substance, where the circumstances meant that I internalized the idea that I was bleak and uninteresting. Friends would flock to underground parties and dance until mid-morning and I dragged myself to join them, moving miserably in the dark until I was too exhausted to continue, or too drunk to go. worry. It wasn’t that there were rules about what I liked and didn’t like; rather, I force myself to go out and stay outside – whether I want to or not – out of obligation to my future dying self.

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In short, a model has developed. Life was punctuated by things I didn’t really want to do, otherwise I would be remiss to do just enough, sometimes too little, and almost never too much. This is precisely how I arrived at this art exhibition.

Arrived alone, I reluctantly started talking to a serious man named Simon. He shared his opinions with me; we looked at art. As soon as it wasn’t mean I apologized and rushed to the bathroom. I just sat there for a while staring at the wall. Maybe 10 minutes later, I got back to the action. Was there a discussion about poetry, or was it pottery? The bar was running out of white wine. I felt like everyone was there for the same reason I was – because they felt like they should be. I’m sure I wasn’t the only one having horrible weather.

Recently I have spent a lot of time thinking about this evening. I’m starting to realize, slowly but surely, that I would like to reinvent the way I spend my time. All kinds of things contributed to this contrition: dead grandparents; new nephews; approaching 30. As I get a little older, I am less inclined to do anything that seems devoid of all fun and joy. Then there are the complications of Covid. I’m lucky to be fit and healthy, but now every event – birthday, breakfast at work, day trip – comes with a new, complex set of calculations related to my life. health and safety: is the risk worth it?

I try to apply the same thinking to see if I will really appreciate something too. It means accepting invitations, but also politely declining – and making those decisions based on what I want to do, not what I think I have to do. I am always open to new experiences, people and places. Only now do I calmly admit my defeat, rather than feel ashamed if I throw in the towel. I may not always know what I will like or what will destroy my soul. But I try to ignore the pressure to be proactive and instead listen to my instincts. It’s harder than it looks.

In his 2012 book Missing Out, psychoanalyst Adam Phillips questions what it means to consider life as unlived. “The myth of our potential,” he writes, “can make our lives a perpetual failure… Now someone asks us not only to survive but to prosper, not just or only to be good but to make the most of it. our lives. “

The premise of Phillips’ position has never been truer. Ours is a consumed society obsessed with the efficient use of time. Social media platforms are often blamed for turning their users into sad, anxious scrollers, and for good reason. But the fact that these sites also require us to be constantly productive is often overlooked. Instagram insists we have something to show; Twitter obliges us forever think Something. We live in the “experience economy” where value is derived from To do. The pandemic has taught us that we don’t know what lies ahead; to make the most of now. I feel like some teens put more effort into their TikToks than I did in my entire career.

It’s kind of an obsession to be efficient not only in our work, but also in our hobbies. Because Yolo, far from being a harmless slogan, – made famous by Drake in The motto of 2011 – is in fact an insidious idiom; another iteration of the toxic nonsense “do something that scares you” and “make every moment count” that has slowly come to plague our daily lives.

I do not advocate total abstinence from ambition. Climb mountains! Learn languages! Tell me your fascinating stories about doing it on wine. It’s just that maybe making the most of every moment can also come from giving up rather than smiling and putting up with it. It’s fine to try new things, but I try to regularly remind myself that MasterChef is pretty awesome (just like watching YouTube compilations in my pants and scrolling through Scottish houses on Rightmove). It’s the beginning, but I have already noticed that I feel calmer, more comfortable.

Of course, all of this is a reflection of the stage of life I find myself in: without children or family responsibilities. No doubt the day will come when I will make a deal with the devil to have the chance to pay £ 8 again for a can of Red Stripe to drink while wading through sticky floors. But for now, at least, I’m free to make that opt-out choice.

One weekend at the end of last year my friends, my boyfriend and I rented a place by the sea. On Friday we happily trotted between quaint country pubs. Our Saturday, it had been mutually agreed by all the participants, was to be devoted to the march. A real hike. Through high winds we walked for six to seven hours through the coastal cliffs of Sussex. Ninety minutes later we had barely breached our proposed path and I was exhausted. I checked my phone and realized that 30 minutes inland we would come to a bus stop that would take us home.

Usually I would have walked, metaphorically sat in that toilet. Instead, I announced that I really wanted to take the bus. A look of relief spread over all faces. Turns out we all wanted to throw in the towel. And that’s what we’ve done.

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AM Best assigns preliminary credit score to Sutton Life Re, Ltd. https://watervalleychamber.info/am-best-assigns-preliminary-credit-score-to-sutton-life-re-ltd/ Wed, 29 Dec 2021 20:14:00 +0000 https://watervalleychamber.info/am-best-assigns-preliminary-credit-score-to-sutton-life-re-ltd/ Enter Wall Street with Street Insider Premium. Claim your 1-week free trial here. OLDWICK, NJ – (BUSINESS WIRE) – AM Best assigned a Preliminary Credit Assessment (PCA) to Sutton Life Re, Ltd. (Sutton Life Re) with a financial strength rating of A-pca (excellent) and a long-term issuer credit rating of “a-” pca (excellent). The outlook […]]]>

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OLDWICK, NJ – (BUSINESS WIRE) –
AM Best assigned a Preliminary Credit Assessment (PCA) to Sutton Life Re, Ltd. (Sutton Life Re) with a financial strength rating of A-pca (excellent) and a long-term issuer credit rating of “a-” pca (excellent). The outlook attributed to these PCAs is stable.

The BCPs reflect the strength of Sutton Life Re’s balance sheet, which AM Best considers to be very strong, as well as its adequate operational performance, neutral business profile and appropriate management of business risks. Sutton Life Re is a recently established Bermuda reinsurer affiliated with Sixth Street Partners, LCC (Sixth Street), a global investment firm which has committed significant capital in the life insurance / annuity field over the past year.

On December 3, 2021, Allianz Life Insurance Company of North America announced reinsurance agreements with Resolution Life Group Holdings LP and Talcott Resolution Life Insurance Company (Talcott), the latter of which is affiliated with Sixth Street and Sutton Life Re. transaction, approximately $ 20 billion of fixed index annuity liabilities will be placed with Talcott and Sutton Life Re. Upon closing of this transaction by the end of 2021, Talcott and Sutton Life Re will manage a liability and a surplus of $ 111 billion on a pro forma basis.

AM Best evaluated the proforma balance sheet of Sutton Life Re and projected the operating results under the PCA with ad hoc evaluations, and concluded that the entity would have a very strong balance sheet and adequate operating performance. Best’s capital adequacy ratio results show that the post-trade pro forma balance sheet is at the highest estimated level, in part due to relatively conservative investment allocations. In addition, Sutton Life Re will use Talcott’s already established resources and policies and procedures for the management of investments and for its enterprise risk management framework. AM Best anticipates that Sutton Life Re will engage in future transaction activities as it executes its strategy of engaging in reinsurance flow transactions and bulk acquisitions.

Despite these favorable assessments, AM Best notes that, as with any projection, actual results may vary significantly, resulting in different results. Confidence in projections is bolstered by the experienced management teams of Sutton Life Re and its immediate holding company, and by the availability of support from the organization’s subsidiaries.

This press release relates to preliminary credit reports that have been posted on the AM Best website. For all review information relating to the publication and relevant disclosures, including details of the office responsible for issuing each of the individual reviews referenced in this publication, please see AM Best’s Recent rating activity Web page. For more information on the use and limitations of rating and credit assessment notices, please see Best Credit Score Guide. For more information on the proper use of Best’s credit scores, Best’s preliminary credit reports, and AM Best’s press releases, please see Guide to Proper Use of Best Ratings and Reviews.

AM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry. Based in the United States, the company operates in more than 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information visit www.ambest.com.

Copyright © 2021 by AM Best Rating Services, Inc. and / or its affiliates. ALL RIGHTS RESERVED.

Kevin varvaro

Financial Analyst

+1 908 439 2200, ext. 5487

kevin.varvaro@ambest.com

Christophe sharkey

Manager, Public Relations

+1 908 439 2200, ext. 5159

christophe.sharkey@ambest.com

Michael adams

Associate Director

+1 908 439 2200, ext. 5133

michael.adams@ambest.com

Jim peavy

Director, Communications

+1 908 439 2200, ext. 5644

james.peavy@ambest.com

Source: AM Best

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Abdullahi A. Sule at 62: “Of life and of birth” https://watervalleychamber.info/abdullahi-a-sule-at-62-of-life-and-of-birth/ Mon, 27 Dec 2021 15:23:48 +0000 https://watervalleychamber.info/abdullahi-a-sule-at-62-of-life-and-of-birth/ On July 30, 2019, during the Tony Elumelu Forum, Vice President Yemi Osinbajo remarked that: It doesn’t matter whether we are young or old, our lives are essentially stories that are written and revised every day and on the occasion of 63rd Congress of Vice-Presidents. birthday, Engr Sule described Osinbajo as a devoted man who […]]]>

On July 30, 2019, during the Tony Elumelu Forum, Vice President Yemi Osinbajo remarked that: It doesn’t matter whether we are young or old, our lives are essentially stories that are written and revised every day and on the occasion of 63rd Congress of Vice-Presidents. birthday, Engr Sule described Osinbajo as a devoted man who is bound by honor and for whom piety is a way of life.

Indeed, life stories range from what we are born into, what our reality is and what our life can become, and to Engr Abdullahi A. Sule he understands that for a political leader be considered conscientious, he has to accomplish the tasks expected or demanded of him by his people with a sense of total loyalty and implicit dedication in order to secure a permanent place on the sands of time!

Today, as Engr Abdullahi Sule turns 62, there are many essential lessons to be learned about his life. According to JACK WELCH: Before being a leader, success is about developing yourself. When you become a leader, success is about making others grow! This attribute of GROWTH OF OTHER PEOPLE is what defines the policy and leadership style of Engineer Abdullahi A. Sule in Nasarawa.

For him, being a governor is not a question of himself or of his relatives and political friends; Abdullahi Sule’s leadership is about the people he serves and the others he meets and builds during this brief life journey. This is why Engr AA Sule is making governance in Nasarawa State more responsive, more people-centered, more human-capital-focused, more compassionate and more inclusive.

Saturday, JULY 15, 2019, approximately six weeks after he became governor; Engineer Abdullahi A. Sule was invited to discuss the ALMAJIRI PHENOMENON on the NTA (Nigeria Television Authority) during the 9pm WEEKEND FILE.

Engineer Sule has been shockingly outspoken and condemned the situation where parents, mostly from northern Nigeria, will give birth to many children and send them away from home to live in the care of Islamic teachers. He was not evasive, diplomatic, or politically correct. Engineer Sule simply spoke from his heart and said with dazzling clarity that Almajiri concept is a noble idea where young boys are sent as scholars to seek Islamic knowledge in distant lands and experiment. the vagaries of life along the way, thus being tempered by the vicissitudes of life and learning challenges as they become compassionate, broad-minded and embrace all of humanity.

However, after hundreds of years Almajiri’s noble university system has been bastardized to the point that the current form has condemned millions of children to a life of misery, if not worse, of crime, especially with groups. religious extremists who wait to enlist them when they are left miserable, vulnerable and prone to disease as they beg on the streets.

Engr Abdullahi A. Sule then signed the Nasarawa State Child Protection Law of 2019 which provides for the safety, security, welfare, care, good health and education of a child ”, after 14 years since the promulgation of the executive decree for the protection of children. in 2005.

History has it that private sector practitioners like engineer Abdullahi A. Sule, who was the former CEO of the Dangote Sugar Group, often enter the public service with corporate governance experience and a culture of leadership. the discipline. What generally remains to be seen is whether they can successfully transmit and infuse corporate culture into political governance.

Taking his place as the 4th democratically elected governor of Nasarawa State, Engr AA Sule forged his administration’s mantra: EXCEEDING ALL EXPECTATIONS which he said was not just a slogan, but a prayer. !

In his words; I entered politics to serve and make an impact on the lives of the people of Nasarawa State! For, indeed, if politics were a religion and Abdullahi Sule was its prophet, he would stand out as the apostle of open government and one who believes that citizens have the right to access documents, processes and government procedures, to allow greater transparency, accountability and effective public oversight.

For most political leaders, the terms accountability and transparency are just political slogans or empty slogans used in campaigns to attract the electorate. Engr AA Sule, on the other hand, is a straight arrow that is straight, resolute and a worthy example of probity and fiscal discipline, and that easily rises beyond the banality and inconstant materiality of “chop I cut the policy!

Sule has shown strong political will and sincere purpose in approving the Nasarawa State Procurement Law of 2020 as a direct by-product of good governance, and establishing the Office of Nasarawa State Public Procurement to serve as an integrity-focused mechanism that will manage public supplies and institute a responsible public procurement process, to ensure value for money

It has now been over two years and thanks to his human, humble and God-fearing values, engineer Abdullahi A. Sule is qualified enough to be called a SERVANT LEADER, that is, one who leads by serving others. .

Many years ago the great American icon and working class hero Walter Reuther, who as president of the United Auto Workers Union (UAW) grew the union to over 1.5 million members, reportedly said: There is no greater calling than to serve your fellow men and there is no greater contribution than to help the weak!

Nobel Laureate for Literature George Bernard Shaw, who lived to be 94, also reiterated that one person can make a difference in the life of a community and advance an entire people, when the primary goal of the leader is to serve. That’s what George Bernard Shaw meant when he said: a man who has a mind and knows he can always beat ten men who don’t and who don’t!

Sule took office as Governor of Nasarawa State holding in his left hand a document titled NEDS: Nasarawa Economic Development Strategy which summarized his vision and economic plan and in his right hand he held firmly to a sincere awe of God and a deep and lasting love. for the state of Nasarawa.

In just a few months of stewardship, the people of Nasarawa State began to see and hear how Governor Sule will quote Bible verses and recite the glorious Quran at public functions, where he reminded citizens that ‘He is well aware that one day he will stand before Allah Almighty and be accountable for his guidance. Sule was so cheeky during the 2019 national Quranic recitation held in Lafia to declare that no governor has a reason to steal given the legitimate surplus benefits that come with being a governor!

The fact remains that no other political leader in Nigeria in recent memory has repeatedly said how keenly aware and aware he is that God will be the ultimate judge of his actions as governor.

In May 2019, when he became governor, Abdullahi Sule took office with a fervent desire to foster the competitiveness of businesses in Nasarawa state. He wanted to unblock the constraints that had hitherto prevented investors from finding Nasarawa state attractive for business. It has started to establish new regulatory and institutional frameworks that will allow productive local and foreign companies to invest and develop, both nationally and internationally. Today, Nasarawa State is not only the most investor efficient state, but also the most investor friendly state in Nigeria.

For years, people saw Nasarawa as a poor semi-rural state of peasants. Engineer Abdullahi A. Sule has worked tirelessly over the past 30 months to move Nasarawa from the pools of poverty to the forefront of economic prosperity that is rapidly manifesting in the Karu Mega Bus Terminal Sule is in the process of build, the waterfalls of Farin Ruwa that it develops to stimulate tourism, the cinema and the production of electricity; the 13,000 hectares of mega industrial city located on the edge of the FCT around Karu-Gurku-Kabusu, as well as the imposing presence of agro-allied giants in the state of Nasarawa such as Dangote Sugar, Azman Rice, Flour Mills and the mega farms from Olams. like a bunch of tech hubs and world-class universities worthy of a great, friendly, affordable and inclusive place.

Indeed and without a doubt His Excellency Engineer Abdullahi A. Sule instilled pride and worth in his people, as the state of Nasarawa is increasingly recognized not only as open for business, but also as a secure center for peacebuilding and diplomacy, as well as as the national capital of culture, arts and entertainment.

It is said that it is when a leader responds to the needs of his followers like Engr Abdullahi A. Sule does that he becomes BIG in their eyes. Because, as Mahatma Gandhi once said: “Man becomes great exactly to the extent that he works for the well-being of his fellows!”

Engr Abdullahi A. Sule is a recipient of the Zik Award for Leadership and just like the revered Dr Nnamdi Azikiwe, Engr Sule also embodies political will! The Great Zik of Africa had the intellectual resonance of being futuristic and it stood for equity and social justice. Engineer AA Sule rules with the fear of God in his heart, which is why Arewa House, the historical research and documentation center, affiliated with Ahmadu Bello University in Zaria, also recognized Engr Abdullahi Sule as the face integrity.

The head of the delegation, Dr Samuel Salami, said that Arewa House chose Engineer Sule as the face of integrity “because of his striking resemblance to President Muhammadu Buhari, who is generally seen as a man of integrity. .

In the words of Dr Salami, the scarcity of gold makes it precious and Arewa House has found you worthy of being called the Face of Integrity because you are not only rare but also precious to Nigeria! In his response, Engineer Sule promised to continue living with the fear of God because in his own words: Once you have the fear of God, you will be like President Muhammadu Buhari!

In life, we all know that no human being has a crystal ball in which to look and know the exact time or place he or she will be born; or if he or she will live to become governor and no one knows when the curtains will fall on our lives, but even as we celebrate birthdays we must remember the famous prayer of Saint Francis of Assisi titled; The Song of the Sun, where he says: Everyone whom death finds doing the will of God is blessed!

The name ABDULLAHI in Islam means Servant of ALLAH and it is clear to friends and enemies that Engr. Abdullahi A. Sule is sincere in his work of God as Governor of Nasarawa State. This is what gives men of goodwill inside and outside the State the reason and the deep joy to say Happy 62nd Birthday Your Excellency!

Yakubu Lamai is the Director General of Strategic Communications and Events Management with HE Governor Abdullahi A. Sule of Nasarawa State.

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Life goes on for Kurigram tank residents https://watervalleychamber.info/life-goes-on-for-kurigram-tank-residents/ Sat, 25 Dec 2021 13:36:13 +0000 https://watervalleychamber.info/life-goes-on-for-kurigram-tank-residents/ Growing seasonal vegetables, raising sheep suitable for the region has become the key to changing the standard of living of the tank dwellers in Kurigram. A B After surviving this year’s floods and erosion, families living in char areas are starting to rebuild their lives Braving floods and erosion, residents of chars areas (river islands) […]]]>

Growing seasonal vegetables, raising sheep suitable for the region has become the key to changing the standard of living of the tank dwellers in Kurigram. A B

After surviving this year’s floods and erosion, families living in char areas are starting to rebuild their lives

Braving floods and erosion, residents of chars areas (river islands) are rebuilding their lives in northern Kurigram district through income-generating and social awareness programs.

Brahmaputra, Dharala, Teesta are the main among the 16 rivers that flow through this district where annual flooding and river erosion are common. Every year, hundreds of the marginal poor lose their land due to erosion and the flood.

As river erosion and flooding wash away homes, new land emerges from soil deposits which are called chars (sand bars). Homeless families often migrate to tanks for shelter and culture. Kurigram has 420, according to an official estimate.

During a recent visit to the Sardarpara village of Sadar upazila, a char from the Dharala river, the UNB reporter found 240 flood-devastated families rebuilding their lives by engaging in economic and social activities .

Residents of Malek and Dildar village said the road connecting the village to other parts broke down during the last flood, but locals fixed it with help from the union council and the individual help.

The local initiative made the road usable for vehicles and children can go to school again, they said.

Growing seasonal vegetables, raising sheep suitable for the region has become the key to changing the standard of living of the tank dwellers in Kurigram.

In addition to livelihoods, residents are made aware of legal and social rights and good governance that helps them become empowered and responsible citizens.

Much of the credit goes to the social development organization Friendship Bangladesh for supporting 720 families of 24 tanks in Chilmari, Rowmari and Sadar upazila on their journey towards this change.

Sumi Begum, another villager said: “We were recently trained in good governance where we learned about the harmful effects of domestic violence, early marriages, divorces, multiple marriages. She said they also now know the country’s constitution and parliament.

Whenever locals need legal support or have questions, the organization’s legal booth provides them with a free service, she said.

Babita Begum obtained a sheep under the ASD Project Transition Fund which has already given birth to three calves. “When I need the money, I can sell the animals and solve my problem. I feel relieved. “

“We used to buy fertilizer from the market, but now we make our own low cost organic fertilizer and have learned to use pheromone traps for insects,” said Ahad Ali, from the village. Her neighbors Rosna and Sazina Khatun echo the same sentiments.

To take advantage of different government facilities, they have learned to contact different offices now, the villagers said.

Dr Md Ashraful Islam Mallik, farmer and ASD project manager from Friendship Bangladesh, said that the perspective of tank dwellers changed a lot after receiving training on domestic violence and how to deal with it.

“Providing sheep to 240 families in the region saved them more in a short time,” said Dr Md Habibur Rahman, head of livestock in Sadar upazila.

All the sheep have been vaccinated and dewormed free of charge by the government, he said.

“As the char region is very suitable for sheep farming, this may be a viable option for people here to become self-sufficient while meeting their protein needs,” said the agent. breeding.

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