tyb
how 'bout that zep song brah…
Abbas approved 67% pay rise for PA officials despite West Bank economic collapse
Palestinian President Mahmoud Abbas approved a 67 per cent pay rise for Palestinian Authority (PA) officials – as well as other financial benefits amounting to tens of thousands of dollars – while the West Bank’s economy struggled and swathes of public sector employees spent months with reduced pay, newly-leaked documents have revealed.
A series of confidential documents disclosing the pay rises were this week posted to social media and subsequently viewed by the Associated Press. The documents show that, in 2017, Abbas approved pay rises for PA officials, increasing their monthly salaries from $3,000 to $5,000. The prime minister’s monthly salary was raised to $6,000, the Times of Israel reported.
In addition, these pay rises were implemented retroactively to 2014, the year that the national unity government took office in the occupied West Bank. This gave ministers “an extra bonus of tens of thousands of dollars,” Palestinian officials who spoke to the Israeli daily on condition of anonymity revealed.
Other financial benefits approved during this period include giving ministers living outside Ramallah – the seat of the government – $10,000 a year to rent a house in the city. The president also allowed currency exchange rates to be inflated, giving ministers a 17 per cent premium when converting their salaries to Israeli shekels, the currency used throughout much of the West Bank.
These moves were kept secret from the Palestinian public for the past two years.
The revelations have been met with anger, particularly given the deteriorating economic situation in the West Bank, high unemployment rates and the fact that public sector employees have been forced to accept pay cuts.
According to a recent report by the World Bank, unemployment rates in the West Bank stand at 18-19 per cent, increasing to 40 per cent for young people under the age of 30. A 2017 report found that GDP in the West Bank rose only 2.4 per cent that year, “a statistic that actually points to a drop in per-capita GDP because the population increased more than that”.
For those Palestinians in employment, the average salary is $700 to $1,000 a month. Faced with a rising cost of living due to the West Bank economy’s reliance on Israeli currency and imports, many families struggle to make ends meet. In fact, nine per cent of West Bankers live below the $5.50 per day poverty line.
Since 2017, this financial situation has worsened significantly. An Israeli Knesset committee last year approved a bill to deduct the value of Palestinian prisoners’ stipends from the tax revenues it collects on behalf of the PA under the interim agreements of the Oslo Accords, which are thought to amount to $222 million a month. In February, the Israeli cabinet approved the bill, deducting over 500 million shekels ($138 million) from the PA’s monthly revenue. In response, the PA said it would not accept any of the tax revenues Israel collects on its behalf as long as Tel Aviv withholds parts of the payments.
To mitigate these cuts, the PA announced that it would only pay Palestinian civil servants 50 per cent of their salaries, as well as forcing thousands of employees into early retirement to reduce costs.
https://www.middleeastmonitor.com/20190606-abbas-approved-67-pay-rise-for-pa-officials-despite-west-bank-economic-collapse/
PAR INVESTMENT PARTNERS LP sold $7.24m of Global Eagle Entertainment-June 4
Global Eagle Entertainment Inc. is a United States-based provider of aircraft connectivity systems, operations solutions and media content to the travel industry. The Company's segments include Connectivity and Content. Its Connectivity segment provides airline partners and passengers with Wi-Fi connectivity over Ku-band satellite transmissions, and to a lesser extent operations solutions to airline customers. Its Content segment selects, manages and distributes wholly owned and licensed media content, video and music programming, applications, digital advertising solutions and games to over 150 airlines across the world, as well as to maritime and other away-from-home non-theatrical markets. The Company, through its product and services platform, provide airlines with a range of in-flight solutions, including Wi-Fi, movies, television, music, interactive software, as well as portable in-flight entertainment solutions, content management services and e-commerce solutions.
Number of employees : 1 500 people.
https://www.marketscreener.com/GLOBAL-EAGLE-ENTERTAINMEN-8079267/company/
anons who don't think these sales are going off in the background here's some detail:
This stock trades about 1.38 million average on a daily basis. It trades at about .50 cents a share. These were sold at .25 cents a share and it was 28 million shares………..
Dark-Pools…..
Today's trade
Global Eagle Entertainment Inc. (ENT)
NasdaqCM - NasdaqCM Real Time Price.
0.51+0.0278 (+5.7652%)
Volume(today) 598,482
Avg. Volume 1,380,801
https://finance.yahoo.com/quote/ENT?p=ENT&.tsrc=fin-srch
What is a Dark Pool?
A dark pool is a private financial forum or exchange for trading securities. Dark pools allow investors to trade without exposure until after the trade has been executed.
Dark pools are a type of alternative trading system that give investors the opportunity to place orders and make trades without publicly revealing their intentions during the search for a buyer or seller.
Dark pools emerged in the 1980s when the Securities and Exchange Commission (SEC) allowed brokers to transact large blocks of shares. Electronic trading and an SEC ruling in 2007 that was designed to increase competition and cut transaction costs have stimulated an increase in the number of dark pools. Dark pools can charge lower fees than exchanges because they are often housed within a large firm and not necessarily a bank.
For example, Bloomberg LP owns the dark pool Bloomberg Tradebook, which is registered with the SEC. Dark pools were historically mostly used by institutional investors for block trades involving a large number of securities.
However, dark pools are no longer used only for large orders. A study by Celent found that the average order size dropped from 430 shares in 2009 to approximately 200 shares in 2013.
RIDICULOUS BULLSHIT on that point.
https://www.investopedia.com/terms/d/dark-pool.asp
https://www.secform4.com/insider-trading/1512077.htm
10% owner(s) bought $39.99m of shares in Myovant Sciences-June 4
Myovant Sciences Ltd, is a clinical-stage biopharmaceutical company. The Company is focused on developing and commercializing therapies for the treatment women’s health and endocrine diseases. Its lead product candidate is Relugolix, which is an oral, once-daily, small molecule that acts as a gonadotropin-releasing hormone (GnRH) receptor antagonist that binds to and inhibits receptors in the anterior pituitary gland. Inhibition of GnRH receptors decreases the release of the gonadotropins, luteinizing hormone (LH), and follicle-stimulating hormone (FSH), thereby decreasing the down-stream production of estrogen and progesterone by the ovaries in women and testosterone by the testes in men. It is also advancing relugolix for the treatment of heavy menstrual bleeding associated with uterine fibroids, endometriosis-associated pain, and advanced prostate cancer. The Company is developing MVT-602, an oligopeptide kisspeptin agonist, for the treatment of female infertility.
Number of employees : 86 people.
https://www.marketscreener.com/MYOVANT-SCIENCES-LTD-31698733/company/
https://www.secform4.com/insider-trading/1679082.htm
welcome newfag
you no lacist in here…you go now, you lacist
got one.