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FTSE investors: Can the gold price reach a new record high in July?

first_imgFTSE investors: Can the gold price reach a new record high in July? Tezcan Gecgil, PhD | Sunday, 28th June, 2020 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Gold recently hit a high for 2020. The spot price is up over 13% year-to-date, hovering at $1,765 per ounce. In late June it went over $1,775 to see its highest level in almost a decade. Our readers may remember that it had hit an all-time record of $1,900 in September 2011.The performance of FTSE shares is usually negatively correlated to gold, which tends to do well when there is fear in equity markets. As we start the second half of the year, do you also think there is a case to be made for gold? Then there are several ways you can include the shiny metal in your portfolio.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Catalysts behind the price of goldNews headlines regarding a second wave Covid-19 cases, especially in Asia, Latin America, and the US, are hitting the wires worldwide. Volatility has once again kicked in broader markets, including many FTSE shares. The past week has seen the FTSE 100 gyrate between 6,335 and 6,050. Given the health and economic effects of the pandemic, investor sentiment may soon turn bearish again. Then it’d not be surprising to see main stock indexes swing lower soon.Such weakness in equity markets could be good for the price of gold, which is usually regarded as a ‘safe haven’. For hundreds of years, it has been as anstore of wealth and a hedge against economic or political uncertainties. Market participants have turned bullish on the precious metal in 2020 also due to the cheap money that is available worldwide. Many central banks, including the Bank of England, have cut interest rates further to help ease the pain of economic uncertainty. Economists are nervous as more debt has been issued and more money created than at any other time in history. There tends to be a negative correlation between interest rates and gold.How to include gold in your portfolioA diversified portfolio should ideally be made up of different asset classes. Many analysts recommend holding up to 10% of your investment in gold. Buying the physical asset is one option. In the UK, you can purchase the shiny metal through the Royal Mint Bullion.You may also consider investing in exchange-traded funds (ETFs), such as the WisdomTree Physical Gold ETF or the Invesco Physical Gold ETC. Owning some gold through miners may be another way to stay ahead of the curve. Which gold-mining shares would I consider backing? I’d start my research with companies that have strong asset bases, experienced management, and robust balance sheets.Within the FTSE 100 and FTSE 250, companies that mine gold include Chile’s Antofagasta, Mexico-based Fresnillo, Russian operation Polymetal International, and Centamin, which focuses on the the Arabian-Nubian Shield. So far in 2020, the returns for these four companies have been -1%, 31%, 33%, and 40%, respectively.Investors should note that most gold stocks are low dividend-payers. So they may not be appropriate for passive income investing.Finally, there are investment funds that invest in various miners. They include the BlackRock Gold and General, UBS Solactive Pure Gold Miners ETF, and iShares Gold Producers UCITS ETF.Foolish takeawayAll asset classes have their advantages and disadvantages. I believe the rally in gold will likely push the price over $1,800 in 2020. However, as always, research your investments carefully and invest in companies your really believe have a long-term future. “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. tezcang has no position in any of the shares mentioned. The Motley Fool UK has recommended Fresnillo. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Sharescenter_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. Simply click below to discover how you can take advantage of this. Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Tezcan Gecgil, PhDlast_img read more

Pandemic surges, economy sputters

first_imgIt’s really quite sickening. The bourgeoisie calculates profit and loss with callous disregard for the masses suffering from both the soaring COVID caseload and a collapsed job market. Now, many who became unemployed in the spring are running out of their 26 weeks of unemployment benefits. There were nearly 1 million new applications for unemployment insurance in the second week of November. But the stock market went up and down like a roller coaster last week, as hopeful news about Pfizer’s COVID-19 vaccine was followed by reports of surging viral infections. On the one hand, the shareholders could not contain their orgiastic excitement over Big Pharma making big money on millions and millions of vaccinations. But their enthusiasm was deflated as they counted the costs of more COVID cases: more medical bills for insurance companies to cover, more workers calling out sick, more deaths — and potentially more mass anger.   Why does the Dow Jones or the S&P rise and fall? Stock fluctuations basically reflect optimism or pessimism on the part of the 1% about their future bottom line — i.e., their ability to maximize the exploitation of labor. If there is a successful vaccine that will eventually help get workers back to producing what Marxists call “surplus value,” the portion of sales revenue above and beyond the cost of labor power, they will reap profits. But right now, workers can’t produce wealth if they are sick, dead or have to be quarantined so they don’t bring the virus into the workplace.Republicans and Democrats have failed to put forth a badly needed second stimulus bill, such as the HEROES Act passed by the House but not the Senate.Meanwhile, records are being broken every day for new infections. As with any crisis under capitalism dependent on racism, Black, Latinx and Indigenous communities suffer disproportionately. It doesn’t have to be this wayEven with the prospects of a COVID-19 vaccine, it’s hard for the masses of working class and oppressed people to see light at the end of the tunnel. And a cure for the pandemic will not cure capitalism of its own built-in sickness — a drive to maximize individual profits by driving down labor costs and thus beating out competitors. This has, since the early 1800s, caused cyclical economic downturns — crises of overproduction — that are doubly devastating in the current period of generalized capitalist decline. A lot of the jobs recently lost will not come back.As COVID deaths in the U.S. approach 250,000, and cases top 11 million; China in contrast has had fewer than 90,000 cases and below 5,000 deaths. Progress on a vaccine is further along than in the U.S.Moreover, China’s economy has not only reopened and recovered, it is the only major economy projected to grow in 2020. This is not just China boasting. The prediction comes from the International Monetary Fund’s World Economic Outlook report!Why the discrepancy? While there is a capitalist class in China, with some of its members very wealthy compared to the Chinese masses, China has a workers’ state whose orientation is fundamentally socialist. This means that human needs take precedence over profit.Socialism is exactly what workers all over the world — and this country is no exception — need. With a socialized health care system, workers would no longer be at the mercy of the for-profit medical industrial complex. There would be no Big Pharma bosses, who see only dollar signs in a much-needed COVID vaccine and treatment drugs. There would be laws to guarantee that everyone’s basic economic needs would be met.That won’t come about overnight, of course. In the meantime, socialists need to be in the vanguard of pushing demands that address the survival needs of the working class. These include good-paying jobs for those able to work and comparable income for anyone unable; free health care for everyone; and safe working conditions including PPE, hazard pay and no retaliation against workers who become ill, have to be quarantined or refuse to work unsafely.As the struggle grows, so will the realization of this basic class truth: A system that cannot meet these basic demands is a system that belongs in the trash can of history! FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

R.D. Olson Construction Commences Residence Inn by Marriott in Pasadena

first_img 28 recommended0 commentsShareShareTweetSharePin it Make a comment Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Top of the News R.D. Olson Construction has begun construction on a five-story, 144-room Residence Inn by Marriott extended stay hotel in Pasadena, California, the first hotel to be constructed in Old Town Pasadena in more than 15 years. The Irvine, California-based general contractor was selected by owner Fair Oaks Hotels, LLC to construct the $30.5 million 94,091 square-foot hotel which is slated for completion in fall 2015. R.D. Olson has been an active builder of hospitality properties over the past year, with more than six projects currently under construction in California.The hotel’s guest amenities will include more than 1,000 square-feet of meeting space, an on-site market, elevated deck with a pool and spa, breakfast area, fire pit, exercise room and fully equipped business center. Awbrey Cook Rogers McGill Architects will serve as the architectural firm for the project with interior design by Seattle-based Degen & Degen. Design elements are a playful rendition of the arts and crafts heritage of Old Town Pasadena, blending iconic period gestures with modern detailing. Marriott’s latest Gen 9 Design will showcase contemporary furnishings within a traditional setting, incorporating natural materials such as brick, stone, hand glazed tile and dark wood.“This construction project sits at the gateway to Old Town Pasadena and will take the lead in bringing more available rooms to this destination city,” said Bill Wilhelm, president of R.D. Olson Construction. “It is exciting to contribute to an area like Old Town Pasadena that is so steeped in tradition.”The hotel’s interior and exterior design will weave in subtle Mediterranean architecture and design through the use of parapet and tiled gable roofs, hipped-roof corner towers and plaster walls. Additionally, a variety of window openings are highlighted, including groupings of punched, multi-story windows which allow ample natural light into the building.R. D. Olson most recently broke ground on the 250-room Paséa Hotel & Spa in Huntington Beach, Calif., and the 221-room Courtyard by Marriott in Anaheim, Calif., and is in the process of a significant hotel conversion near Los Angeles International Airport. The firm also completed the 210-room Courtyard by Marriott Irvine Spectrum in June. Earlier this year, R.D. Olson Construction was honored with the Icon Award from Marriott’s Design and Construction division for excellence in construction.About R.D. Olson ConstructionFounded by Bob Olson in 1979, R.D. Olson Construction is one of the top 50 general contracting firms in California. R.D. Olson Construction is a premier builder in the hospitality industry for several national hoteliers, including Marriott, Hilton, Hyatt, Ritz Carlton, and Starwood. R.D. Olson Construction is also experienced in multi-family housing, entertainment, retail, restaurant and corporate facility projects. Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Business News R.D. Olson Construction Commences Residence Inn by Marriott in Pasadena 144-Room Hotel is First Ground-Up Hotel Project in Old Town Pasadena in 15 Years From STAFF REPORTS Published on Tuesday, September 30, 2014 | 10:52 am Name (required)  Mail (required) (not be published)  Website  Community News HerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeautyHerbeautyThe Most Obvious Sign A Guy Likes You Is When He Does ThisHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeauty10 Reasons Why Selena Gomez Has Billions Of FansHerbeautyHerbeauty Subscribecenter_img More Cool Stuff Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Darrel Done BusinessVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Business News Your email address will not be published. Required fields are marked * Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDSlast_img read more

One killed in Ector County crash

first_img Pinterest One killed in Ector County crash WhatsApp Previous articleMan caught sleeping in stolen vehicleNext articleDAILY OIL PRICE: April 4 admin Twitter Facebook View of an evidence vault in the Ector County Courthouse jail that was used for the U.S. Marshal’s Service. The jail and offices took up approximately 45,000 square feet. One man was killed and another man from Odessa was injured in a two-vehicle crash Monday in west Ector County.Luis Leon-Amador, 49, of Miami Gardens, Fla. was driving a 2005 Saturn Vue south at about 5:15 a.m. Monday on FM 866 near State Highway 302, a Texas Department of Public Safety news release stated. Gilberto Pando, 55, of Odessa was traveling west in a 2012 Chevrolet Silverado on SH 302 when Leon-Amador failed to yield the right of way at the intersection, causing Pando to collide with Leon-Amador.Leon-Amador was pronounced dead at the scene, the release detailed, and Pando was taken to Medical Center Hospital with non-incapacitating injuries. The release added that neither driver was wearing a seatbelt. Pinterest Twitter WhatsApp Facebook By admin – April 4, 2018 Local Newslast_img read more

Fundraiser dinner

first_img Facebook Previous articleHART: So much you do not hear on “racial injustice”Next articleCornhole tournament and fundraiser Odessa American Facebook WhatsApp By Odessa American – April 18, 2021 The Life Center has scheduled a fundraiser dinner featuring speaker Benjamin Watson, former NFL player, author, speaker and philanthropist, at 6:30 p.m. April 27 at the Odessa Marriott Hotel & Conference Center, 305 E. Fifth St.Table sponsorships and individual tickets are available at or by calling 432-683-6072. Pinterest WhatsApp Local News Twitter Pinterest Twitter Fundraiser dinnerlast_img read more

Transport Minister seeks meeting with the PARC road safety group

first_img Main Evening News, Sport and Obituaries Tuesday May 25th Twitter WhatsApp Facebook Facebook Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry Further drop in people receiving PUP in Donegal 75 positive cases of Covid confirmed in North Pinterest Twitter Google+center_img By News Highland – December 12, 2013 RELATED ARTICLESMORE FROM AUTHOR Previous articleCanavan returns to club managementNext articleMore technical problems for Ulster Bank customers News Highland Google+ Gardai continue to investigate Kilmacrennan fire 365 additional cases of Covid-19 in Republic Transport Minister Leo Varadker has sought a meeting with the Road Safety Organisation PARC after speaking with the group’s founder in Leinster House last evening.Inishowen based Susan Grey was attending the committee stage of the Road Safety Bill, when the minister approached her and asked for a meeting in the New Year.She told Highland Radio News it’s a very positive step, and outlined some of the issues agreed at committee stage:[podcast][/podcast]Meanwhile, new figures show that motorists in Donegal are the least likely to receive penalty points.An analysis of points issued between January 2011 and November this year shows that motorists in Clare are the most likely to be stopped by gardai.Drivers least likely to get points are those in Donegal, followed by Monaghan, Mayo, Kerry and North Tipperary. WhatsApp News Transport Minister seeks meeting with the PARC road safety grouplast_img read more

‘One Fine Day When The Relationship Turned Sour, She Filed A Complaint’; Bombay HC Grants Bail To Man Accused Of Rape [Read Order]

first_imgNews Updates’One Fine Day When The Relationship Turned Sour, She Filed A Complaint’; Bombay HC Grants Bail To Man Accused Of Rape [Read Order] Nitish Kashyap12 Aug 2020 4:18 AMShare This – xThe Bombay High Court on Monday granted bail to a man accused of rape by a 24-year-old woman who befriended him on Facebook. The accused was arrested on March 20, 2020 and has been in jail since then.Justice Bharati Dangre heard the bail application filed by Ataullah Ansari, who was arraigned as an accused after a case was registered at Kandivali police station and he was booked for offence…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Bombay High Court on Monday granted bail to a man accused of rape by a 24-year-old woman who befriended him on Facebook. The accused was arrested on March 20, 2020 and has been in jail since then.Justice Bharati Dangre heard the bail application filed by Ataullah Ansari, who was arraigned as an accused after a case was registered at Kandivali police station and he was booked for offence under Section 376(2)(n) of IPC. A chargesheet has been submitted by the police on June 18, 2020.Initially, the accused sought bail before the Metropolitan Magistrate which was rejected, hence he moved High Court. According to the alleged victim in the case who filed a complaint in January this year, she came to be in touch with the applicant via Facebook and she uploaded her mobile number on the Facebook Account. The applicant contacted her and there used to be frequent telephonic conversations between the two. In 2019, she went to Uttar Pradesh which happened to be her native place and the applicant also visited there. The complainant said that she has divulged to the applicant that she had married to one person and he has divorced her. The complainant further alleged that a proximity developed between her and the applicant which resulted into establishing a physical relationship. Then, a discord arose between the two and the FIR contains details of the same. Court noted-“The complaint lodged by the prosecutrix is an immediate response to the said discord. The complainant herself alleged that the Applicant severed contact with the prosecutrix and she reported the matter to her father which resulted into filing of the FIR at Kandivali Police Station. The case of the Applicant is to the effect that the prosecutrix maintained a physical relationship with the Applicant as they shared a close bond of friendship and she never objected to the said act of physical proximity. The prosecutrix at the time of incident was 24 years of age and, according to the Applicant, it was a decision taken by a major person in her full consciousness.”Thus, after perusing through the facts of the case, Justice Dangre observed-“The Applicant and the prosecutrix are major and as per the version of the complaint, she encouraged the friendship initially which slowly resulted into a physical one. She had accompanied the Applicant at several places where the Applicant established physical contact with her. She never objected to the same and from January, 2019 till filing of the complaint in March, 2020, allowed the relationship to flourish. Then, one fine day, when the relationship turned sour, she filed the complaint. Prima facie reading of the complaint does not make out a case of sexual indulgence without her consent or against her will but points out a consensual act. The Applicant has been arrested since March 2019. In the backdrop of the allegations in the complaint, when prima facie no case of forcible sexual act is made out, he is entitled to be set on bail.”Thus, the applicant’s bail application was allowed and he was directed to furnish a bond of Rs.20,000.Case Number: Bail Application No.390 of 2020 Case name: Ataullah Fakruddin Ansari Vs. The State of MaharashtraCoram: Bharati Dangre JCounsel: Adv Hare Krishna Mishra instructed by Adv Sanjay Singh for the applicant and APP Rutuja Amnekar for the StateClick Here To Download Order[Read Order] Next Storylast_img read more

Brundidge PD in search for man

first_img Published 4:00 am Friday, September 11, 2015 By Jaine Treadwell Troy falls to No. 13 Clemson Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthGet Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Print Article Remember America’s heroes on Memorial Day Latest Stories Anyone knowing the whereabouts of Motley is asked to call the Brundidge Police Department at 334-735-3333 or Crime Stoppers at 215-STOP. A tip could lead to a cash reward.Central Alabama CrimeStoppers is a nonprofit agency that needs and appreciates monetary donations for the community. Donations are tax deductible at Plans underway for historic Pike County celebration “The mobile home was occupied by William Houston, Taylor Keuscher and a small child when the subject entered the mobile home without permission,” Beasley said. “He was armed with a pistol. The occupants of the mobile home knew the subject but were not friends with him.”Beasley said Houston and Keuscher identified Motley as the one who entered the mobile home and said he left their residence with Houston’s Visa debit card, his driver’s license, and six $10 bills, among other items.Beasley said Motley’s girlfriend, Rachel L. Batie, lived in the nearby Four Oaks Apartments. When Beasley and Chief Moses Davenport went to the apartment to question her, she became disorderly. Central Alabama CrimeStoppers has requested the public’s assistance in locating Mario Tarrell Motley who is wanted by the Brundidge Police Department for armed robbery and burglary 1st degree in connection with a June home invasion.Motley is described as a 33-year-old black male, 6-feet, 1 inches tall and weighing about 184 pounds. His last known address is 3202 Mace St., Montgomery.Detective Charles Beasley said a home invasion occurred at Shady Lane Trailer Park, 850 County Road 3320 south of Brundidge between 10:30 and 10:45 a.m. on June 29. Email the author Brundidge PD in search for man Pike County Sheriff’s Office offering community child ID kits “The landlord let us in the apartment but Motley was not there,” Beasley said. “However, his car was parked at the apartment.”Beasley said Batie moved out of the apartment the next day and the BPD has not been able to locate her.“We believe when we find her, we’ll find Motley,” Beasley said. “We’re staying on this case and we’ve asked Central Alabama Crime Stoppers to assist us in finding Motley.”Beasley said Batie was charged with disorderly conduct and is to appear in municipal court in Brundidge on Wednesday. Sponsored Content Skip By Blood Sugar Blaster You Might Like Nomination forms available for Farm-City awards The Pike County Farm-City Awards Committee of the Pike County Chamber of Commerce is now accepting nominations for the 2015… read more Book Nook to reopen Md: Do This Immediately if You Have Diabetes (Watch)last_img read more

Midwest, mid-Atlantic still getting soaked from Gordon

first_imgABC News(JACKSON, Miss.) — Remnants of Tropical Storm Gordon are continuing to soak the South and Midwest.On Thursday, north of Jackson, Mississippi, more than 10 inches of rain fell, flooding streets and neighborhoods. Near Pensacola, Florida, more than a foot of rain has fallen in the last few days. Central Missouri on Thursday saw more than 5 inches, which caused additional flooding.Even more rain is expected as Gordon’s moisture is expected to continue interacting with a Midwest cold front.Flash flood watches this morning stretch from Arkansas to Maryland.Parts of Illinois may see 10 inches of rain because of Gordon, remnants of which also are moving east and north to areas that are expecting heavy precipitation over the next few days.Three separate storm systems are being tracked in the Atlantic.Florence, now a tropical storm with winds of about 65 mph, is moving toward the United States.Behind Florence are two tropical waves that could become storms — Helene and Isaac — meanwhile Florence is expected to regain strength and become a major hurricane early next week. It’s forecast to pass south of Bermuda at some point on Tuesday, after which it could encroach on the East Coast.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Goodlord becomes first property firm to sign race equality charter

first_imgHome » News » Agencies & People » Goodlord becomes first property firm to sign race equality charter previous nextAgencies & PeopleGoodlord becomes first property firm to sign race equality charterLettings platform commits to new measures enshrined in the Race Fairness Commitment, to ensure equality of opportunity for staff.Richard Reed7th July 20200692 Views Goodlord has become the first property sector company to sign the Race Fairness Commitment (RFC).By pledging to the Charter, Goodlord commits to adopting new, data-driven measures to combat the career obstacles faced by Black, Asian and ethnic minority colleagues.Pioneered by diversity recruitment specialists, Rare, the RFC initiative was unveiled this week and has already been embraced by 16 of the UK’s leading law firms.Measures in the RFC include collecting quantitative data and monitoring employee lifecycles from recruitment to senior promotion, in order to identify the points at which Black, Asian and ethnic minority team members are unfairly falling behind their peers.Better recognisedThe RFC also involves a commitment to ensure race and racism are better recognised and talked about internally.Rare is making the RFC’s methodology available free to any employers who want to identify and tackle their organisations’ points of adverse impact on race. Detailed guidance and modelling are available at is calling on other property sector companies to embrace the charter and put diversity at the heart of their recruitment and HR processes.Tackling inequalityWilliam Reeve, Goodlord CEO, said, “It’s a privilege to sign this charter and be the first property sector business to do so. We must all do more to tackle inequality through tangible action. How we recruit our teams and how we treat them in the workplace are two areas where more must be done.“Goodlord isn’t perfect. But we are committed to practising what we preach and doing everything in our power to move things in a positive direction. We believe embracing the Race Fairness Commitment is a key step in this journey.”Donovan Frew, CTO at Goodlord and NED at Rare, added: “As a black person in leadership positions at both Goodlord and Rare, signing this charter means a lot to me personally. For too long people have been held back from maximising their potential solely based on the colour of their skin.“This is as ridiculous as it is pernicious. Diversity has always been important to us here at Goodlord, but more can always be done. By signing up to this commitment we are agreeing to treat racial diversity like we treat every other important metric in the business; measure it, analyse it and act upon it.”Donovan Frew Race Fairness Commitment Racial equality Race awareness goodlord William Reeve July 7, 2020Richard ReedWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

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