Sud FM allowed back on the air, staff freed

first_img The 2020 pandemic has challenged press freedom in Africa News SenegalAfrica Organisation RSF_en to go further SenegalAfrica Help by sharing this information The information minister late yesterday announced the reopening of the privately-owned radio station Sud FM, which had been forcibly closed by police in the morning for “endangering state security” after it broadcast an interview with the head of an armed separatist movement in the southern Casamance region.The minister said Sud FM’s 19 staff members in Dakar and the head of its local station in the southern city of Ziguinchor could be released as “the persons likely to be charged have been detained and questioned.” No complaint has been made against the station. But the authorities seized a video camera and video cassette of the interview with the rebel leader when they raided the station manager’s home in Ziguinchor. ————————————————————————–17.10.05 Police close down Sud FM radio network throughout country, arrest staffReporters Without Borders roundly condemned the arrests of the staff of the privately-owned radio station Sud FM today and said it was astounded at the show of force by the Senegalese police in going to all of the station’s relays throughout the country in order to close them down.“This arbitrary and brutal police operation is total unacceptable,” the press freedom organisation said. “President Abdoulaye Wade must understand that the spectacle put on by his security forces today is incompatible with a democracy.” Reporters Without Borders added: “Sud FM’s personnel must be freed at once and the authorities must provide clear explanations about their intentions and the legal mechanism that led to this disturbing mechanism. A government may have to resolve a dispute with a news media, but there is never any justification for a police raid and a lack of transparency of the kind used in Sud FM’s closure.”Sud FM’s studios in Dakar were forcibly closed at around 8:40 a.m. today by police who arrested all those present and took them to the Dakar central police station, where officers in charge refused to comment when Reporters Without Borders later contacted them.In the course of the morning, the police also arrested a TV crew working for the international station TV5 which had joined a crowd of onlookers outside Sud FM’s studios on Macodou Ndiaye Street, near the port of Dakar. The crew, consisting of reporter Mata Maïga and cameraman Cheikh Sadibou Mané, were released a short while later.The Sud FM staff has been kept incommunicado ever since their arrest. The French news agency AFP said at least 19 of them were being held at the central police station.No complaint has been filed against the radio station. But, shortly after the arrests, interior minister Ousamane Ngom insisted that there should be no more broadcasting of an interview with Salif Sadio, one of the leaders of an armed insurrection that has existed in the southern Casamance region since the early 1980s. Ngom also said on Radio Futur Média (RFM) that Sud FM had been closed “in accordance with the law, for endangering state security.”Sud FM broadcast a long interview with Sadio, the military chief of the Movement of Casamance Democratic Forces (MFDC), in which he said: “I will come home after chasing Senegal out of Casamance.” It was the refusal of Sud FM’s journalists to surrender the recording of the interview to the police that prompted the arrests, one Dakar journalist said.The Sadio interview was conducted by Ibrahim Gassama, the head of a Sud FM local station in Ziguinchor, a city in Casamance. Fellow journalists said he was being held in the city’s central police station. The interview was broadcast simultaneously by all the Senegalese radio stations belong to the Sud FM network. The head of the station in the northern city of Saint-Louis also received a summons to report to the police, while the five other local stations were closed one after the other in the course of the day. Only the Sud FM station in Banjul, the capital of neighbouring Gambia, is still operating.The Sud FM independent radio network is one of the most popular in Senegal. It is owned by the privately-owned Sud Communication and has been broadcasting since 1994. Receive email alerts The Senegalese police yesterday closed down the privately-owned radio station Sud FM after it broadcast an interview with a rebel leader in the southern Casamance region. All of the Sud FM’s staff in Dakar and the head of its local station in the southern city of Ziguinchor were detained and finally released late last night. Sud FM was also finally allowed back on the air. Follow the news on Senegal March 5, 2021 Find out more RSF decries exceptional press freedom violations in Senegal RSF asks Senegal to amend its new press law News October 18, 2005 – Updated on January 20, 2016 Sud FM allowed back on the air, staff freed January 8, 2021 Find out more Reports News November 27, 2020 Find out morelast_img read more

Uncertainty Presents Risk to Mortgage Investors

first_img Tagged with: Bloomberg MBS Risk The uncertainty of the presidential election—however long that lasts—is bound to incite interest rate volatility, something that presents a peril to the mortgage-backed securities (MBS) market, according to Christopher Maloney, a market strategist and former portfolio manager who writes for Bloomberg.In October, volatility surged 76%. Last Friday it closed higher than it has since April 23, and experts say it could keep rising. Morgan Stanley analysts called the election “a 2.5 times vol multiplier,” he noted, adding that, “This may hurt MBS investors, as the chance of a borrower having an incentive to refinance is in part a function of interest rate volatility over the life of the loan. Homeowners refinancing mortgages give money back earlier than expected and at par, which would trigger a loss for those who purchased the securities at a premium.”In October, mortgages recorded a positive excess return of 12%, even though they were on a path halfway through the month to produce a loss.Writes Maloney, “The Federal Reserve’s support of the mortgage sector … undoubtedly played a role in helping it to end the month with a gain.”While the index overall ended with an excess-return gain of 12%, “the Fed’s most favored coupon, the UMBS 30-year 2%, saw an excess return of 38%. Of the central bank’s $113 billion MBS purchases last month, that coupon alone made up 46% of the total,” he wrote.Maloney goes on to explain why the current indecision could impact MBS risk in the period to come.”Despite the Fed’s continued support, this presidential election brings with it more uncertainty than any seen in decades. Investors like uncertainty least of all.”MBS analysts at NOMURA warned on Friday that an interest rate volatility hike, post election, is a key near-term risk, according to Maloney, whose article can be read in full on Bloomberg | Quint. Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Home / Daily Dose / Uncertainty Presents Risk to Mortgage Investors Share Save The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Uncertainty Presents Risk to Mortgage Investors Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily center_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: ‘Shaky’ Economy Hasn’t Slowed Rise in Home Equity Next: Nonprofit Calls on Policymakers to ‘Act Now for Housing’ Servicers Navigate the Post-Pandemic World 2 days ago Bloomberg MBS Risk 2020-11-05 Christina Hughes Babb in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago November 5, 2020 15,376 Views  Print This Post Related Articles Subscribelast_img read more