FERGUSON, MISSOURI // A man who opened fire on officers in Ferguson on the anniversary of Michael Brown’s death was critically wounded when the officers shot back, St Louis County’s police chief said early Monday.
Chief Jon Belmar said officers had been tracking the man, who they believed was armed, during a protest marking the death of Brown, the black, unarmed 18-year-old whose killing by a white Ferguson police officer touched off a national “Black Lives Matter” movement.
The man approached the officers, who were in an unmarked police van, and opened fire, Mr Belmar said. The officers returned fire from inside the vehicle and then pursued the man on foot when he ran.
The man again fired on the officers, the chief said, and all four officers fired back. He was struck and fell.
The man was taken to a hospital, where Mr Belmar said he was in “critical, unstable” condition in surgery. He was not immediately identified.
None of the officers was seriously injured. All four have been put on standard administrative leave.
The shooting happened shortly after what the chief called “an exchange of gunfire between two groups” rang out around 11.15pm on Sunday while protesters were gathered on West Florissant Avenue, a business zone that saw rioting and looting last year after Brown’s killing. The shots sent protesters and reporters running for cover.
The chief said an estimated six shooters unleashed a “remarkable” amount of gunfire over about 45 seconds.
Mr Belmar waved off any notion that the people with the weapons were part of the protest.
“They were criminals. They weren’t protesters,” he said.
The man who fired on officers had a semi-automatic 9mm gun that was stolen last year from Cape Girardeau, Missouri, according to the chief.
“There is a small group of people out there that are intent on making sure that peace doesn’t prevail,” he said. “There are a lot of emotions. I get it. But we can’t sustain this as we move forward.”
The anniversary of the killing, which cast greater scrutiny on how police interact with black communities, has sparked days of renewed protests, though until Sunday they had been peaceful and without any arrests.
Before the gunfire, protesters were blocking traffic and confronting police. One person threw a glass bottle at officers but missed.
For the first time in three consecutive nights of demonstrations, some officers were dressed in riot gear, including bulletproof vests and helmets with shields.
One officer was treated for cuts related to a brick thrown at his face, Mr Belmar said. Police made an unknown number of arrests and at one point early Monday shot smoke to disperse the crowd that lingered on West Florissant, he said.
Several other peaceful events earlier Sunday were held to mark the anniversary.
Brown’s father, Michael Brown Sr, led a march through town. It started at the site where Brown was fatally shot by officer Darren Wilson. A grand jury and the US Department of Justice declined to prosecute Wilson, who resigned in November.
Later, a few hundred people turned out at Greater St Mark Family Church for a service to remember Brown, with his father joining other relatives sitting behind the pulpit.
Organisers of some of the weekend activities pledged a day of civil disobedience on Monday, but have not offered specific details.
* Associated Press
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Tips on buying property during a pandemic
Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.
While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.
While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar.
Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.
Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.
Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities.
Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong.
Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Major honours
ARSENAL
BARCELONA
- La Liga - 2013
- Copa del Rey - 2012
- Fifa Club World Cup - 2011
CHELSEA
- Premier League - 2015, 2017
- FA Cup - 2018
- League Cup - 2015
SPAIN
- World Cup - 2010
- European Championship - 2008, 2012
Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg