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Art Collection Featuring Warhol, Picasso Heads To Auction, Valued At $600 Million

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Sotheby’s announced the sale of a private modern and contemporary art collection featuring Andy Warhol and Pablo Picasso pieces valued at more than $600 million, saying that was the highest estimate ever placed on any collection to come to auction.

The 65 works in the Macklowe Collection represent “an unrivalled ensemble that charts the high points of Western artistic achievement of the last 80 years,” Sotheby’s said in a press release.

“There can be no doubt that this sale will captivate top collectors from around the world and that it will make history as a defining moment in the art market,” said Charles Stewart, Sotheby’s chief executive officer, at a live streamed press conference on Thursday.

The announcement is a welcome piece of revitalizing news for the international art market as it rebounds from the pandemic, which drove down sales and caused layoffs at galleries and dealerships. Sales plummeted in value by 22% in the art market in 2020, according to a report by Art Basel and UBS.

Real estate mogul Harry Macklowe and his wife Linda acquired the pieces over the course of their decades-long marriage, but a New York judge ordered them to sell the collection and split the proceeds during their 2018 divorce trial.

Sotheby’s said on Thursday it would offer the Macklowe Collection at two sales in New York, one on Nov. 15 and the second in May 2022.

The first auction will feature iconic works such as Warhol’s silkscreen portraits of Marilyn Monroe, an enormous tritone painting by Mark Rothko, and a seascape by Gerhard Richter.

Other distinctive pieces that will be sold in November include Alberto Giacometti’s “Le Nez” sculpture of a long-nosed figure in a cage, a painting from Cy Twombly’s “A Scattering of Blossoms” series, and a Picasso sculpture dedicated to his friend, the French poet Guillaume Apollinaire.

Appeal Court temporarily halt’s Rivers, Lagos from collecting VAT

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The Court of Appeal in Abuja Nigeria’s capital has temporarily halted the Rivers State government from collecting Value Added Taxes VAT until all legal disputes relating to the matter are resolved.

The court ordered that the judgment of the State high court from which the Rivers State drew authorities to collect the tax must not be implemented.

Justice Haruna Simon Tsanami who issued the order in Abuja on Friday also directed that the law passed by Rivers State House of Assembly and assented to by governor Nyesom Ezenwo Wike must not be implemented.

The appellate court held that since parties have submitted themselves to the authorities of the court for adjudication of the matter, they must not do anything that Will destroy the subject matter of the appeal.

In a specific term, Justice Tsanami said the party should maintain status quo antebellum favour of the Federal Inland Revenue Services FIRS and against the respondents.

The matter has been slated for September 16 for hearing of motion for joinder by Lagos State.

FIRS, in an appeal marked CA/PH/282/2021, is praying the court to set aside the judgment of a Rivers State High Court which granted power to the state to collect Value Added Tax, VAT.

The tax collection agency is also asking the appellate court to stay the execution of Rivers’ judgment.

US Justice Department Sues Texas Over State’s New Abortion Law

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The United States Justice Department is suing Texas over a new state law that bans most abortions, arguing that it was enacted “in open defiance of the Constitution.”

The lawsuit, filed Thursday in federal court in Texas, asks a federal judge to declare that the law is invalid, “to enjoin its enforcement, and to protect the rights that Texas has violated.”

The Texas law, known as SB8, prohibits abortions once medical professionals can detect cardiac activity — usually around six weeks, before some women know they’re pregnant.

Courts have blocked other states from imposing similar restrictions, but Texas’ law differs significantly because it leaves enforcement to private citizens through civil lawsuits instead of criminal prosecutors.

Pressure had been mounting on the Justice Department not only from the White House — US President Joe Biden has said the law is “almost un-American” — but also from Democrats in Congress, who wanted US Attorney General Merrick Garland to take action.

Earlier this week, Garland vowed the Justice Department would step in to enforce a federal law known as the Freedom of Access to Clinic Entrances Act.

The law that takes effect in September it was signed into law by Gov. Greg Abbott; a measure that would prohibit in Texas abortions as early as six weeks — before some women know they are pregnant — and open the door for almost any private citizen to sue abortion providers and others.

The signing of the bill opens a new frontier in the battle over abortion restrictions as first-of-its-kind legal provisions — intended to make the law harder to block — are poised to be tested in the courts.

“Our creator endowed us with the right to life and yet millions of children lose their right to life every year because of abortion,” Abbott said in the bill signing ceremony.

The governor’s signature comes just after the U.S. Supreme Court said it would hear a case concerning a Mississippi law that would ban most abortions after 15 weeks, and which could lead to new limits on abortion rights.

Biden, Trump Officials To Attend DC Event Marking Anniversary Of Abraham Accords

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U.S Senior officials from the Biden and Trump administrations will make a rare joint appearance at an event marking the one-year anniversary of the signing of the Abraham Accords next week in Washington, the confab’s organizers told The Times of Israel on Thursday.

The Tuesday event at the Four Seasons Hotel is being organized by the Abraham Accords Peace Institute, which was launched by Jared Kushner, former president Donald Trump’s senior adviser and son-in-law, and one of the main brokers of the normalization agreements Israel signed last year with the United Arab Emirates, Bahrain, Morocco and Sudan.

Kushner will be in attendance and offer opening remarks, said AAPI executive director Robert Greenway, who was senior director for Middle Eastern affairs on Trump’s National Security Council when the Abraham Accords were signed.

After Kushner’s address, Greenway will moderate a panel featuring the ambassadors of some of the countries represented in the accords — Israeli Ambassador to the US Gilad Erdan, UAE Ambassador to the US Yousef al-Otaiba and Bahrain Ambassador to the US Sheikh Abdullah bin Rashid al-Khalifa. The panel will be followed by a private luncheon for those in attendance.

Also in attendance will be members of Congress, senior representatives from the US State Department along with representatives from Egypt and Jordan, which “laid the foundation for the Abraham Accords” by being the first Arab countries to sign peace deals with Israel in 1979 and 1994 respectively, Greenway said.

F.G Boosts Power Supply With N1.3trn, Discos Remit N26.8 Billion

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The Federal Government of Nigeria has supported the supply of electricity in the country with about N1.3 trillion as the Distribution Companies remitted N26.8 billion in June this year.

The Nigerian Bulk Electricity Trading Plc, which disclosed this noted that the fund, an N701.9 billion Payment Assurance Facility (PAF) and another N600 billion was implemented from 2017 to 2020.

NBET disclosed in Abuja, that the development leapfrogged electricity generation capacity by 6500MW, pushing capacity to 7659MW.

While the company named EKO Electricity Distribution Company (EKEDC) as the highest remitter in the June 2021 Electricity Market Payment received for grid distributed electricity in the Nigerian Power Sector, the agency’s Head of Corporate Communications Henrietta Ighomrore said ensuring efficient transactions in the sector remained sacrosanct.

While the Nigerian Electricity Regulatory Commission (NERC) had set a Minimum Remittance Order for the utility companies, NBET said none of the DisCos met the order 100 per cent.

The agency however noted that EKEDC came close with a 93.4 per cent remittance of its threshold, insisting that strategies and initiatives are being deployed to enhance the market liquidity in the sector through improved payments to the generation companies.

Challenges relating to capacity, especially the shortage of gas and the inability of some GENCOS to meet their immediate obligations, had led to the implementation of the N701.9 Billion Payment Assurance Facility (PAF). The fund was disbursed from January 2017 till December 2018.

The N701.9 billion PAF was later followed with another N600 billion facility for 2019/2020, and later metamorphosed into the Power Sector Reform programme.

Lebanon Breaks Deadlock For New Government, First Since Port Blast

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Lebanese factions formed a new government on Friday, breaking a 13-month deadlock that saw the country slide deeper into financial chaos and poverty.

Lebanon has been without a fully empowered government since the catastrophic August 4, 2020 explosion at Beirut port, which forced the resignation of then Prime Minister Hassan Diab’s government.

Rival political groups had been locked in disagreement over the make-up of a new government since then, hastening the country’s economic meltdown.

The new cabinet of 24 ministers headed by billionaire businessman Najib Mikati was announced by the president’s office, and later by the Secretary-General of the Council of Ministers, Mahmoud Makkieh.

Ministers were handpicked by the same politicians who have ruled the country for the past decades and whose corruption and mismanagement many blame for the country’s current crisis.

The new government announced Friday faces a mammoth task that few believe can be surmounted, including undertaking critically needed reforms. Among its first jobs will be overseeing a financial audit of the Central Bank, and resuming negotiations with the International Monetary Fund for a rescue package to stem the country’s collapse. The new cabinet is also expected to oversee general elections scheduled for next year.

Mikati, a businessman tycoon from the northern city of Tripoli and one of the richest men in Lebanon, was tasked with forming a new government in July. He is widely considered to be part of the same political class that brought the country to bankruptcy. He served as prime minister in 2005 and from 2011 to 2013.

Just In: Lagos State Signs VAT Bill Into Law

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The Executive Governor of Lagos State Babajide Sanwo-Olu on Friday signed into law the State VAT Bill.

The state commissioner for information and strategy Gbenga Omotosho in a statement said the governor signed the “bill for a law to impose and charge VAT on certain goods and services” in Lagos State. “By this act, the Bill has now become a Law,” Omotosho said.

Lagos State House of Assembly on Thursday passed the state’s Value Added Tax (VAT) bill into law. The Assembly also passed the bill banning open grazing of cattle in the state.

Consequently, Lagos State Internal Revenue Service (LSIRS) has been empowered to administer and implement the law and account for money collected in accordance with the law.

The VAT law titled, “Lagos State Value Added Tax Law: A Bill for a Law to Impose and Charge Value Added Tax On Certain Goods And Services, Provide for the Administration of the Tax and for Related Matters,” empowers the state to charge VAT at the rate of six per cent on the value of goods and services in the state.

The law further states that revenue accruing from VAT would be shared on a ratio of 75 per cent to 25 per cent between the state government and the Local Government Council Areas.

With Sanwo-Olu signing the bill into law, Lagos State is the second state, after Rivers State, to have a VAT law that empowers it to collect the tax despite an ongoing legal tussle between Rivers State and the Federal Inland Revenue Service (FIRS).

Pay Parity Program: New Mexico Offers Pay Raise To Prekindergarten Teachers

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State officials responsible for early childhood education in New Mexico say that prekindergarten teachers deserve the same salaries as teachers of older students, and they are willing to pay for it.

According to 2020 data from the Bureau of Labor Statistics, preschool teachers not licensed for special education earn on average around $35,000 in most areas of New Mexico.

The Early Childhood Education and Care Department said its pay parity program could support around 200 educators.

Total salaries could increase to between $41,000 and around $65,500. The pay bump will be based on pay scales for public school staff.

Elizabeth Groginsky, early childhood education secretary said “Despite the fact that many Pre-K teachers and directors hold advanced educational degrees and qualifications comparable to their colleagues in K-12, their pay is typically much lower.”

The department said the pay parity program is open to an estimated 200 workers who hold a degree in early childhood education, and has already selected at least one qualified advocate. They said her income increased by $1,300.

Federal and state funding has allowed massive spending by the department, including the broadest family childhood subsidy in the nation. Families at 350% of the federal poverty line — $93,000 for a family of four — are eligible.

2021-2022 School Year: Cameroon Woos Child Miners Back To School

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Authorities in Cameroon say they are attempting to remove thousands of children working in gold mines along the country’s eastern border and send them back to school.

Some of the children were displaced from the Central African Republic because of violence there and dropped out of school to mine gold for survival.

The 2021-2022 school year in Cameroon started Monday, and Cameroon’s Ministry of Basic Education says thousands of children have not returned to class in areas along the border with the Central African Republic.

The government says many of the children prefer working in gold mines.

The mayor of Batouri, a town on the border, Auberlin d’Abou Mbelessa, says his district wants all children to immediately leave gold mining sites and go to schools.

He said village chiefs and religious leaders in Batouri have been asked to visit all houses, markets, farms, churches, mosques and mining sites to tell everyone that without education the future of children looks bleak.

Mbelessa said at least 300 of the children and teenagers are Central African Republic citizens displaced by violence and insecurity following the C.A.R.’s December 2020 general election.

Cameroon says there are over 400 mining sites on its eastern border, a majority of them illegal.

A government labor official in Batouri, Corine Mvondo, said Cameroon will punish people who stop children from going to school.

She said Cameroon is a signatory to the Worst Forms of Child Labor Convention which was adopted by the International Labor Organization on June 17, 1999.

She added that a 2011 Cameroonian law states that people involved in child labor are liable to prison time of 15 to 20 years and fines of up to $20,000.

Cameroon has promised to offer free primary education to children who leave the mines but some of the children say they lack food and books. The government has not said if it will provide those things if the children return to school.

Conservative MP Calls For Careers Advice For All Secondary School Pupils

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Ministers in the United Kingdom have been told careers advice is needed throughout all secondary schools across England if the Government is serious about levelling up.

Conservative Member of Parliament Mark Jenkinson (Workington) called for careers advice to be offered to all pupils from year 7 until they leave secondary school after GCSEs or A-levels, a service which some academy trusts do not offer.

Introducing his Education (Careers Guidance in Schools) Bill, Jenkinson said it would simplify current law, creating a “level playing field” instead of the difference between the contractual obligations academies have to provide advice, and the duty under the law other state-funded schools have.

His bill later cleared its first Commons hurdle by receiving an unopposed second reading and will undergo further scrutiny at a later date.

It has Government support, which increases its chance of becoming law.

He explained the need for his “landmark bill”, saying: “At present, the statutory duty to provide careers guidance falls on maintained schools, special schools and pupil referral units but not academies, although many academies do indeed have a contractual obligation to secure independent careers guidance through their own funding agreements.”

Labour shadow education minister Peter Kyle said the bill was “a vital way to expose children to alternative options to work with those surrounding them when growing up”.