New Jersey Resources Corp (NJR) Q4 2020 Earnings Call Transcript

New Jersey Resources Corp (NJR) Q4 2020 Earnings Call Transcript
Motley Fool Transcribers, The Motley Fool

NJR earnings call for the period ending September 30, 2020.

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  • Trump White House begins packing up

    One day after President Trump was impeached for the second time and with less than a week to go before President-elect Joe Biden’s inauguration, the Trump White House began cleaning out its desks on Thursday.

  • White Army vet charged in shooting Black girl at Trump rally

    A white military veteran shot and wounded a 15-year-old girl when he fired his gun into a car carrying four Black teenagers during a tense confrontation at a Trump rally near the Iowa Capitol last month. Michael McKinney, 25, is charged with attempted murder in the Dec. 6 shooting in Des Moines. McKinney, who was heavily armed and wearing body armor, told police he fired the shot in self-defense.

  • Georgia's First Vietnamese American State Rep Wears Áo Dài to Swear-In

    Bee Nguyen, Georgia's first Vietnamese American state representative, donned an áo dài to her swearing-in ceremony on Tuesday. Regarded as the most popular national costume of Vietnam, the áo dài for women is a long dress with a contoured top that flows over loose-fitting trousers that reach the sole of the feet. Nguyen, 39, decided to wear the garment in response to the Capitol siege on Jan. 6, in which rioters carried the South Vietnamese flag.

  • Marjorie Taylor Greene says she’ll file impeachment articles against Joe Biden on his first day in office

    'On January 21, 2021, I'll be filing Articles of Impeachment against Joe Biden for abuse of power,' Ms Greene had tweeted

  • The White House said it was unlocking a vaccine reserve — but it was reportedly already empty

    A reserve of second-dose COVID-19 vaccines set to be repurposed as first doses is already empty, state and federal officials briefed on distribution plans tell The Washington Post.Both the coronavirus vaccines currently authorized in the U.S. require two doses to be fully effective. So when distribution of first doses began, the Trump administration held back matching second doses to make sure recipients would be fully protected against COVID-19. Amid a massive demand for more doses, Health and Human Services Secretary Alex Azar announced earlier this week that the department would begin doling out those reserved doses to more people, saying increased production speed would make up for the soon-to-be-depleted reserve.But as officials soon learned, the federal government had stopped stockpiling second dose vaccines weeks ago, they tell the Post. Both first and second doses were instead taken right off the manufacturing line. That meant Azar's announcement reportedly released a stockpile that didn't exist. The U.S. had already reached its maximum distribution capacity, and new doses distributors were expecting next week weren't coming, the Post reports.HHS spokesperson Michael Pratt confirmed in an email to the Post that the last of the reserve had been taken out for shipment this weekend. He didn't acknowledge Azar's comments, but said Operation Warp Speed had "always intended to transition from holding second doses in reserve as manufacturing stabilizes and we gained confidence in the ability for a consistent flow of vaccines." he also said states had only ordered 75 percent of the vaccines available to them. Read more at The Washington Post.More stories from theweek.com Trump's vaccine delay is getting suspicious Do Democrats realize the danger they are in? 5 scathing cartoons about Trump's second impeachment

  • Prosecutor: Capitol rioter aimed 'to take hostages'

    A retired Air Force officer who was part of the mob that stormed the U.S. Capitol last week carried plastic zip-tie handcuffs because he intended “to take hostages,” a prosecutor said in a Texas court on Thursday. The prosecutor had argued that Brock should be detained, but Magistrate Judge Jeffrey L. Cureton said he would release Brock to home confinement. Cureton ordered Brock to surrender any firearms and said he could have only limited internet access as conditions of that release.

  • Jacob Blake Himself Blows Up ‘Unarmed’ Media Narrative

    In his first television interview since being shot in the back by police, Jacob Blake admitted that he not only had a knife in his possession at the time of the shooting, but also “dropped” it before picking it up again. “I realized I had dropped my knife, had a little pocket knife. So I picked it up after I got off of him because they tased me and I fell on top of him,” Blake told Michael Strahan in an interview that aired Thursday on ABC’s Good Morning America (GMA). “I shouldn’t have picked it up, only considering what was going on,” he continued. “At that time, I wasn’t thinking clearly.” Earlier this month, Kenosha County district attorney Michael Graveley said that he would not file charges against Officer Rusten Sheskey, who shot Blake seven times, given that the officer was acting in self-defense against an armed assailant. Blake also had a past arrest for resisting police with a knife. Blake’s admission contradicts past statements from his family and attorneys, who denied that he had a knife in his possession when police shot him on August 23, in an incident that stemmed from a 911 call made by the mother of Blake’s children, who told police that Blake was trying to drive away in her rental car with two of his sons. “My son didn’t have a weapon,” Blake’s father told the Chicago Sun-Times for an August 25 story. Patrick Salvi Jr., an attorney for the Blake family, told CNN on August 26 that Blake did not have a knife in the car. “Witnesses confirm that he was not in possession of a knife and didn’t threaten officers in any way,” Blake’s attorney, Ben Crump, said in a statement released on August 27. At the time, Blake had a warrant out for his arrest on charges of trespassing, disorderly conduct, and third-degree sexual assault, which the operator relayed to the responding officers. With the outstanding felony charges, police were required by law to take Blake into custody. In the interview with GMA, Blake also claimed that “I hadn’t done anything so I didn’t feel like they were there for me,” though investigators later found that, prior to the arrest, Blake had looked up his own warrant on a police website and had sent a text mentioning the warrant. ABC made no mention of either fact in the interview. The shooting went viral on social media after being recorded on video, showing officers screaming at Blake to “drop the knife.” In the subsequent days — which included deadly violence, rioting, and looting — the Wisconsin Department of Justice Division of Criminal Investigation revealed that Blake admitted to having “a knife in his possession.” But much of the mainstream press ran with the initial claim that he was “unarmed.” “Wisconsin’s governor on Monday called in the National Guard to help quell unrest after police shot an unarmed Black man in the latest incident this summer to stir cries of injustice and divide a nation over the urgency of bringing fundamental change to law enforcement,” read the lede of five-person Washington Post byline on August 24. Earlier this month, the Post drew pushback after it maintained the “unarmed” description of Blake in reporting the decision by authorities to not pursue police charges. Though the paper did correct the narrative, one story published January 5 still refers to Blake as “unarmed.” (Update: the story has now been “corrected” by the paper, though it reads “[w]hile his family has said he was not armed when shot by police, prosecutors said video evidence depicts him holding a knife,” failing to note that Blake himself has now admitted to having one.) The Post did not return a request for comment on the discrepancy. In the days after the shooting, CNN ran multiple articles describing Blake as “unarmed” which have yet to be corrected. “Video shows police shoot unarmed Black man” is a current link to an August 24 segment hosted by CNN anchor Jake Tapper. An August 28 USA Today “fact check” titled “Jacob Blake did not ‘brandish’ knife, get gun before Kenosha police shooting” argued that “Blake was not ‘brandishing’ anything in the video taken by bystanders,” even as it noted that the clip “shows something in Blake’s hand, but the resolution is low, so it could be a knife.” But rather than issue a correction or a retraction on January 5, PolitiFact merely updated the post with an editor’s note stating that prosecutors had revealed “Blake was armed with a ‘razor blade-type knife’ when he was shot by police.” The explanation? “That does not affect the rating for this item because ratings are based on what is known at the time.” In other words, it used to be true.

  • Why the news media may not want to share Capitol riot images with the police

    Images taken by the media of the Capitol storming could help law enforcement identify participants. Evelyn Hockstein/For The Washington Post via Getty ImagesThe images from the Jan. 6 siege on the United States Capitol will likely be seared into the memories of many Americans. Photographs and video published in print, online and on television showed protesters breaking windows to enter the building, sitting at a desk in House Speaker Nancy Pelosi’s office and confronting an outnumbered Capitol police force. However, it may be the unpublished images that will be of most interest to law enforcement agencies as they track down and arrest as many of the rioters as possible for breaking a range of laws. The agencies may request or demand that news organizations turn over their unpublished material, which would force the media outlets to make uncomfortable choices. Journalists argue that if they are forced to reveal confidential sources or turn over any news information they have gathered but not yet published, it will erode the trust of sources and the public, who will doubt the independence that journalists often claim. Journalists serve the public, not the government. But is the public better served by bringing criminals to justice than protecting a journalistic principle? Conflicting interests Many of the people who participated in the attack on the Capitol building have been identified and arrested, some with help from photos published by the media and selfies and videos taken by the protesters. As the search for more suspects continues, if authorities seek unpublished images from the news media and media outlets willingly cooperate, it could put journalists in greater danger when covering future protests. Protesters may see them as potential informants and physically attack them to avoid being identified later. If the outlets resist and force authorities to issue subpoenas for the images, it is unlikely to improve the media’s standing with a distrustful public because it may appear the news organizations are obstructing justice. Equipment of media crews damaged during clashes after Trump supporters breached U.S. Capitol security. Tayfun Coskun/Anadolu Agency via Getty Images Dangers of covering protests Covering unrest is always dangerous for journalists, but the situation at the Capitol was especially so. The protesters were supporters of President Donald Trump, who has often referred to the media as the “enemy of the people.” Someone carved the words “Murder the Media” into a door in the building, and news outlets lost thousands of dollars of equipment when it was stolen and smashed by protesters. During protests after George Floyd was killed while being taken into police custody last summer, several reporters were injured and possibly targeted by protesters and police officers. In Seattle, police subpoenaed the Seattle Times and several television stations in June 2020 to obtain unpublished images from protests there to identify people suspected of criminal activity. The news organizations challenged the subpoenas in court under Washington state’s shield law, which protects journalists from being forced to name confidential sources or turn over unpublished information to state authorities. The Reporters Committee for Freedom of the Press filed a brief supporting the news organizations’ position, in which it argued that enforcing the subpoena would jeopardize journalists’ safety as well as their editorial independence. A judge ruled against them. Police later dropped the subpoenas because media appeals of the judge’s decision were likely to take too long to resolve. Journalists often fight subpoenas for their materials. kolderal/Moment/Getty Images Legal protections for journalists Because the Capitol siege happened on federal government property, the incident is being investigated by federal authorities, meaning any court challenges to subpoenas would likely end up in federal court. This complicates matters. Forty states have shield laws, but there is no federal shield law. In 1972, the U.S. Supreme Court ruled that journalists do not have a First Amendment right to refuse to reveal sources’ identities in response to a valid grand jury subpoena. The Branzburg v. Hayes decision was so divided, however, that many lower federal courts have limited its reach to grand jury situations. This means that journalists have a better chance of winning if they are subpoenaed to provide evidence in civil lawsuits or at criminal trials. The Jan. 6 incident does not involve confidential sources. Some federal courts have ruled that nonconfidential material gathered by journalists, including unpublished images, is also protected from disclosure, but the protection is usually less comprehensive than for confidential material. Given the seriousness of the Capitol incident, which led to five deaths, it would be difficult for journalists to successfully argue that their interests are more important than those of law enforcement. I have been studying the law regarding journalists and their sources for nearly 24 years. To my knowledge, U.S. journalists have rarely made the argument that they could face physical danger if they are forced to turn over information they have gathered. The closest parallel is a Washington Post reporter who successfully fought a subpoena from a war crimes tribunal 20 years ago because of fears of retribution in foreign conflict zones. One possible solution would be for news outlets to publish all images that have not already been published on their websites. That way, both the public and law enforcement agents would have access without a bruising legal battle over making the images available only to the police. A bonus would be that the public would have even more information about what happened.This article is republished from The Conversation, a nonprofit news site dedicated to sharing ideas from academic experts. It was written by: Anthony Fargo, Indiana University. Read more:The insurrection at the Capitol challenged how US media frames unrest and shapes public opinionHow should you read unnamed sources and leaks? Anthony Fargo does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

  • Army private charged in sexual assault of 19-year-old NC soldier who later died

    An Army private first class was arraigned on sexual assault charges before a military judge.

  • U.S. stands by Taiwan, envoy says after cancelled trip

    The United States stands by Taiwan and always will, the U.S. ambassador to the United Nations Kelly Craft said following a call with Taiwan President Tsai Ing-wen, who told her the island would continue to seek access to U.N. meetings. Craft had planned to visit Taipei this week, in the teeth of strong objections from China which views the island as its own territory.

  • Amid cacophony since Capitol siege, key officer stays silent

    In the week since a mob laid siege to the U.S. Capitol, the House has impeached President Donald Trump. Twitter and other social media sites have banned Trump and thousands of other accounts. Officer Eugene Goodman isn't saying whether he thinks he saved the Senate, as many of the millions who've viewed the video believe.

  • More Inside Artist Jorge Pardo's Transformed Bushwick Carriage House

    When it came to the lighting in his home, Pardo drew inspiration from the insides of fruits, nuts, and seeds, as well as sea creatures and machine parts.Originally Appeared on Architectural Digest

  • Prosecutor: Capitol rioter who carried zip-tie handcuffs aimed 'to take hostages'

    A retired Air Force officer who was part of the mob that stormed the U.S. Capitol last week carried plastic zip-tie handcuffs because he intended "to take hostages," a prosecutor said in a Texas court on Thursday.

  • The FBI keeps making more arrests in the Capitol riot. Here are some Florida suspects

    As more rioters from the attack on the U.S. Capitol Jan. 6 get arrested, a clearer picture is emerging of who was there that day. At least a handful of Florida residents have been tracked down, thanks in part to video and images widely circulated on social media.

  • Trump's approval rating plunges to all-time low of 29 percent in new Pew poll

    President Trump's approval rating has fallen to the lowest level of his presidency, with a significant drop among Republicans.In the latest Pew Research Center poll released Friday, Trump received a job approval rating of 29 percent, which is his lowest-ever number in this poll and a decline of nine percentage points from August. Additionally, Pew notes that "much of the decline has come among Republicans and GOP leaners," 60 percent of whom approve of Trump's job performance compared to 77 percent in August.Additionally, Pew found that Trump voters "have grown more critical of their candidate's post-election conduct," as the "share of his supporters who describe his conduct as poor has doubled over the past two months, from 10 percent to 20 percent." The poll also found that only 29 percent of respondents said Trump should remain a major figure in U.S. politics in the years to come, while 68 percent said he shouldn't be.The poll was conducted in the wake of last week's deadly attack on the Capitol by a pro-Trump mob, which led to Trump becoming the first president in American history to be impeached twice. In the poll, three-quarters of respondents said Trump bears either a lot or some responsibility for the riot, while only 24 percent said he isn't responsible at all. Ahead of his upcoming Senate impeachment trial, 54 percent of respondents also said it would be better for Trump to be removed from office than finish his term, a possibility that has been ruled out due to the trial not being expected to begin until President-elect Joe Biden is in office.Pew Research Center conducted its poll by surveying 5,360 U.S. adults from Jan. 8-12. The margin of error is 1.9 percentage points. Read more at Pew Research Center.More stories from theweek.com Trump's vaccine delay is getting suspicious Do Democrats realize the danger they are in? 5 scathing cartoons about Trump's second impeachment

  • Talk or fight? In Afghanistan, signs Taliban now prefer victory.

    Whether the Taliban are serious about negotiating peace is a question that has dogged U.S.-backed Afghanistan talks since their inception.

  • Venezuela says Guaido nixed deal to buy coronavirus vaccines, opposition denies

    Lawyers for Venezuela's central bank on Thursday said opposition leader Juan Guaido rejected a proposed deal to buy coronavirus vaccines in Britain, an assertion the opposition dismissed as false. The lawyers said the bank - whose board was named by President Nicolas Maduro - requested the support of an ad-hoc central bank board appointed by Guaido to transfer $120 million in funds frozen in Britain to Gavi, an alliance seeking to improve poor countries' vaccine access. "Due to international sanctions the impacts of the COVID-19 pandemic in Venezuela have worsened, and President Maduro’s government has been unable to effect payment to Gavi to secure access to COVID-19 vaccines by any other means," the central bank's lawyers at Zaiwalla & Co said in a statement.

  • 12 Pakistani police fired for not protecting Hindu temple

    Pakistani authorities sacked a local police chief and 11 other policemen for failing to protect a Hindu temple that was set on fire and demolished last month by a mob led by hundreds of supporters of a radical Islamist party, police said Friday. The 12 policemen were fired over “acts of cowardice" and “negligence" for not trying to stop the mob when it attacked the temple, with some having fled the scene. Another 48 policemen were given various punishments following a probe into the attack, the police statement said.

  • Man accused of throwing fire extinguisher at Capitol police arrested

    The man accused of throwing a fire extinguisher during the Washington, D.C. riots last week has been arrested. Robert Sanford, a retired Chester Fire Department firefighter, was arrested on Thursday and charged with assault on a police officer, among other offenses. Attorney Enrique Latoison argues Sanford went on a free bus to the rally for Trump at the Capitol, but he did not enter the government building.

  • Transatlantic alliance due for a reset. But what about China?

    Europe’s bid for “strategic autonomy” and wariness of Washington are complicating President-elect Biden’s plan for a transatlantic China policy.