Two UK television stations, whose founder has been banned from the country for almost a decade, have been fined £300,000 for inciting murder and broadcasting hate speeches.
The media regulator Ofcom found that four programmes on Peace TV and Peace TV Urdu breached broadcasting rules on incitement to commit crime, hate speech, abuse and offence after it aired diatribes that described people “worse than animals” and advocated the execution of magicians.
It ruled that the broadcasts were “very serious” and could encourage vulnerable viewers to commit killings.
The watchdog had threatened to strip the stations, which claimed to reach 200 million viewers, of the licences but both voluntarily surrendered them last November.
“In this case, the potential for very serious harm if this material incited others was clear, “ the watchdog said.
“Ofcom was concerned that the statements made by the scholar had the clear potential to influence impressionable viewers by encouraging serious crime, up to and including murder, and/or leading to disorder in relation to members of the public, in particular to Muslim people practicing magic as part of their faith.
“We also found that the scholar’s religious standing gave his statements greater weight and authority with the viewer, which compounded the seriousness of the breach. Ofcom considers the potential harm arising from such hate speech to be very serious.”
Both the satellite stations are funded by UK registered charity the Islamic Research Foundation International.
The licence for Peace TV was held by Lord Productions Limited, which has been fined £100,000, and Club TV, which held the licence for Peace TV Urdu, has been fined £200,000 over the breaches.
“In reaching its decision on the imposition of a sanction in this case, Ofcom has taken full account of the need to ensure that any penalty acts as a deterrent, including to other broadcasters,” it added.
“In this case Ofcom believed that a financial penalty was necessary to reflect the serious nature of the Code breaches and to act as an effective incentive to comply with the Code, for other licensees.”
Club TV and Lord Productions Limited are both owned by parent company Universal Broadcasting Corporation Limited.
Ofcom previously fined Club TV £65,000 for hate speech violations in 2016.
Indian-born Islamic preacher Zakir Naik, who is based in Malaysia, founded UBCL and is also the founder and chair of the IRFI charity.
Two of the breaches related to him.
The 53-year-old, who preached on the stations, is banned from the UK, India and Bangladesh and is accused by the Indian government of laundering £23m.
India and Bangladesh have accused him of inspiring terror acts, after the perpetrators of two separate attacks had allegedly followed his sermons.
In 2010, Britain banned Mr Naik from entering the country, citing “unacceptable behaviour”, although it never spelled out the nature of the behaviour.
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- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
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Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
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Etihad and Emirates fly direct to Kolkata from Dh1,504 and Dh1,450 return including taxes, respectively. The flight takes four hours 30 minutes outbound and 5 hours 30 minute returning.
The trains
Numerous trains link Kolkata and Murshidabad but the daily early morning Hazarduari Express (3’ 52”) is the fastest and most convenient; this service also stops in Plassey. The return train departs Murshidabad late afternoon. Though just about feasible as a day trip, staying overnight is recommended.
The hotels
Mursidabad’s hotels are less than modest but Berhampore, 11km south, offers more accommodation and facilities (and the Hazarduari Express also pauses here). Try Hotel The Fame, with an array of rooms from doubles at Rs1,596/Dh90 to a ‘grand presidential suite’ at Rs7,854/Dh443.
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What should do investors do now?
What does the S&P 500's new all-time high mean for the average investor?
Should I be euphoric?
No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.
So what happened?
It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.
"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."
Should I buy? Should I sell?
Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.
"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.
All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.
Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.
Will the rally last?
No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.
"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."
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MOUNTAINHEAD REVIEW
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