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Man fatally struck by MBTA Commuter Rail train in Bridgewater
BRIDGEWATER − An adult male was struck and killed by an MBTA Commuter Rail train early Sunday morning, police said.“The man entered the right of way on the Middleborough Main Line inbound side in the vicinity of Titicut St. Grade Crossing in Bridgewater as an MBTA Commuter Rail train was passing through,” MBTA Transit Police Department Superintendent Richard Sullivan said.
The incident occurred about 8 a.m.
The victim, who was not yet identified by police, was pronounced dead due to the injuries he sustained.
“On behalf of the Transit Police Department and the entire MBTA organization we offer our most sincere condolences to the decedent's family and loved ones,” Sullivan said.
Enterprise staff writer Amelia Stern can be reached by email at astern@enterprisenews.com.
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https://www.enterprisenews.com/story/news/local/2023/07/31/bridgewater-fatal-train-crash-mbta-commuter-rail-titicut-street/70498506007/
| 2023-07-31T20:34:08
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https://www.enterprisenews.com/story/news/local/2023/07/31/bridgewater-fatal-train-crash-mbta-commuter-rail-titicut-street/70498506007/
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18-year-old from ‘Brainy Bunch’ family graduates with master’s degree
MONTGOMERY, Ala. (WSFA/Gray News) – At age 18, most people are just heading into their freshman year of undergraduate studies. But one 18-year-old from Alabama is graduating with her master’s degree.
Marianna Harding is graduating from Auburn University with a master’s degree in agriculture at the age of 18.
She also graduated from high school at age 11.
Harding comes from a Montgomery family known as “The Brainy Bunch” – she is one of 10 children, most of whom started college by the age of 12. One of the boys even graduated law school at 19.
All the children grew up homeschooled. Harding is the eighth child in the family.
She said there was always healthy competition between siblings.
“We all had different interest levels, and most of us different colleges,” she said.
In 2022, Harding earned her bachelor’s degree virtually from a university in Nebraska. Shortly after, she was off to Auburn’s campus to get her master’s degree.
“Although my focus was very much on studies, there was no lack of fun times,” she said.
While on campus, Harding was part of multiple clubs, a campus employee, and kept active in her church. She hopes that her story will encourage others to go after their goals no matter their age.
Now that she has graduated, Harding will begin working for the Lee County Extension where she’ll teach others about agriculture.
Parents Kip and Mona Lisa Harding made an appearance on NBC’s “Today Show” in 2014 to discuss their book, “The Brainy Bunch: The Harding Family’s Method to College Ready by Age Twelve.” They also have a YouTube channel.
“My kids are not any smarter than anybody else’s, they’re really motivated and they’re very hard working, but really feel like anyone can get these kinds of results,” Mona Lisa Harding said during a 2021 interview.
Copyright 2023 WSFA via Gray Media Group, Inc. All rights reserved.
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https://www.wistv.com/2023/07/31/18-year-old-brainy-bunch-family-graduates-with-masters-degree/
| 2023-07-31T20:34:08
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https://www.wistv.com/2023/07/31/18-year-old-brainy-bunch-family-graduates-with-masters-degree/
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Early in the onset of the Covid 19 pandemic, I read that dogs and cats are common carriers of various coronaviruses. As a healthcare provider and dog owner, I was concerned about the implications this might have for my family and millions of pet owners. This information posed many questions: Are these animals susceptible to harboring Covid 19 virus? Can they be infected by it? Can they spread it to humans? If not, why not? Is the human immune system invigorated against coronavirus by constant exposure to household pets? Does this translate into decreased susceptibility to Covid 19? Are any researchers comparing the frequency/severity of Covid 19 infections in pet owners vs. non-owners? I doubt if any one person has definitive answers to all these questions. Veterinarians, virologists and epidemiologists could provide pieces of knowledge to this puzzle. I would appreciate a response from any of you with special knowledge that could help create a clearer picture of these issues before another viral epidemic comes along.
People are also reading…
Robert Perkin
Foothills
Disclaimer: As submitted to the Arizona Daily Star.
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https://tucson.com/opinion/letters/letter-coronavirus-and-pets/article_1eefcc4a-2bdd-11ee-8dc7-2b8433e9ca85.html
| 2023-07-31T20:34:10
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https://tucson.com/opinion/letters/letter-coronavirus-and-pets/article_1eefcc4a-2bdd-11ee-8dc7-2b8433e9ca85.html
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THOUSAND OAKS, Calif., July 31, 2023 /PRNewswire/ -- Amgen (NASDAQ:AMGN) today announced that it will report its second quarter financial results on Thursday, August 3, 2023, after the close of the U.S. financial markets. The announcement will be followed by a conference call with the investment community at 1:30 p.m. PT. Participating in the call from Amgen will be Robert A. Bradway, chairman and chief executive officer, and other members of Amgen's senior management team.
Live audio of the conference call will be simultaneously broadcast over the internet and will be available to members of the news media, investors and the general public.
The webcast, as with other selected presentations regarding developments in Amgen's business given by management at certain investor and medical conferences, can be found on Amgen's website, www.amgen.com, under Investors. Information regarding presentation times, webcast availability and webcast links are noted on Amgen's Investor Relations Events Calendar. The webcast will be archived and available for replay for at least 90 days after the event.
About Amgen
Amgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. This approach begins by using tools like advanced human genetics to unravel the complexities of disease and understand the fundamentals of human biology.
Amgen focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve health outcomes and dramatically improve people's lives. A biotechnology pioneer since 1980, Amgen has grown to be one of the world's leading independent biotechnology companies, has reached millions of patients around the world and is developing a pipeline of medicines with breakaway potential.
Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average and is also part of the Nasdaq-100 index. In 2022, Amgen was named one of the "World's Best Employers" by Forbes and one of "America's 100 Most Sustainable Companies" by Barron's.
For more information, visit Amgen.com and follow us on Twitter, LinkedIn, Instagram, TikTok and YouTube.
CONTACT: Amgen, Thousand Oaks
Jessica Akopyan, 805-440-5721 (media)
Elissa Snook, 609-251-1407 (media)
Arvind Sood, 805-447-1060 (investors)
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https://www.kfyrtv.com/prnewswire/2023/07/31/amgen-announces-webcast-2023-second-quarter-financial-results/
| 2023-07-31T20:34:10
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https://www.kfyrtv.com/prnewswire/2023/07/31/amgen-announces-webcast-2023-second-quarter-financial-results/
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Imagine stepping on stage with your favorite artist in VR from your browser. Discover secret rooms, join live Q&As with other fans, shop for merch, and more. Connect with your audience like never before.
NEW YORK, July 31, 2023 /PRNewswire/ -- BR Marketing Group, a leading luxury brand marketing agency in NYC, is excited to offer its new Web Virtual Reality (WebVR) service to clients worldwide. With this service, clients can create memorable marketing experiences in WebVR. WebVR is a technology that allows users to enjoy virtual reality from their browsers, without any extra hardware or software.
BR Marketing Group has a team of creative experts who design and promote WebVR experiences that capture the unique essence of each brand. Whether it's a concert, a store, a gallery, or more BR Marketing Group can bring it to life in WebVR.
"Our service stands out because we embrace the future. We know how innovative technologies like WebVR can transform the customer experience," said Andrea Canas, CEO of BR Marketing Group.
- Drake, global superstar, has recently taken his concerts and online store to the next level by adding immersive technology for an interactive virtual experience. He is not alone. Luxury brands and artists are following suit.
- Revenue in the VR Advertising market is projected to reach US$161.70m in 2023, revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2.33%, resulting in a projected market volume of US$177.30m by 2027, according to a recent study.
WebVR is still a new and fast-growing tech, able to give immersive, interactive, awe-inspiring experiences. WebVR also connects with IRL events, enabling users to explore real-world objects, locations, and people through VR.
To get more info on WebVR or work with BR Marketing Group for your next virtual or IRL event, visit us at brmarketgroup.com or call 332-600-4466.
About BR Marketing Group
As one of the first creative agencies to offer WebVR immersive services, BR Marketing Group combines its web development, design, and marketing skills to create amazing VR events that connect the virtual and physical worlds.
BR Marketing Group is a leading luxury brand marketing agency in NYC, led by Andrea Cañas, a visionary Latina leader. She and her team of creative experts' craft captivating and unforgettable marketing experiences that bring out the unique essence of each brand they work with.
View original content to download multimedia:
SOURCE BR Marketing Group
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https://www.1011now.com/prnewswire/2023/07/31/br-marketing-group-launches-webvr-immersive-service-new-way-boost-brand-loyalty-engagement/
| 2023-07-31T20:34:13
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https://www.1011now.com/prnewswire/2023/07/31/br-marketing-group-launches-webvr-immersive-service-new-way-boost-brand-loyalty-engagement/
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Easton tornado storm also ripped through Brockton, East Bridgewater with microburst damage
BROCKTON — Severe thunderstorms caused microburst damage in Brockton, East Bridgewater and parts of Easton on Saturday, July 29, bringing down powerlines, trees and damaging homes, the National Weather Service said.
The storm that caused the damage also produced a minute-long EF-1 tornado in Easton with winds reaching a maximum speed of 105mph.
The Brockton Fire Department responded to an excess of 50 storm-related calls between 6 p.m. on Saturday through 8 a.m. on Sunday, said Fire Chief Brian Nardelli.
"Those were just in regard to downed wires, poles etc. but there were also calls for medical assistance," he said.
According to Nardelli, there were no major injuries.
National Grid crews also worked throughout the night to restore power to the area.
"National Grid was very responsive and were restoring power right from the start," said Nardelli Monday.
On Sunday, July 30 at 11:45 a.m., the Brockton Emergency Management Agency reported on Facebook that only 226 customers in the city were left without power at that time. As of Monday, power was restored to everyone in Brockton, East Bridgewater and Easton.
Easton v. the worldRoad trip: Easton 12U stars headed to Cal Ripken Baseball World Series in Missouri
What is a microburst?
“A microburst is another term for straight-line winds. Think about a microburst as a kind of a rush of wind within a thunderstorm," said Joe Dellicarpini, a meteorologist with the National Weather Service in Norton. "Almost like if you took a glass of water and spilled it on a table, the water rushes out in all directions. That's exactly what happens in a microburst over an area of about a mile or two square miles,” he said.
We had a survey team in Brockton yesterday and they found all straight-line / microburst damage — in other words, all the trees that were damaged fell in the same direction,” said Dellicarpini.
Dramatic funnel cloud in Raynham in 2018Tornado scare rattles Brockton, Bridgewater, Raynham area
What is the difference between a microburst and a tornado?
A tornado, on the other hand, is a funnel that comes down from the thunderstorm and produces wind damage over a very localized area, said Dellicarpini.
The tornado that touched down in Easton was 400 yards in length and 100 yards wide. Categorized as an EF-1 tornado, its winds reached a maximum speed of 105 miles per hour.
According to the National Weather Service, the Enhanced Fujita Scale (EF Scale) is used to assign a tornado a rating based on estimated wind speeds and related damage. An EF-1 tornado has wind speeds between 86 and 110mph.
What is the property assessed for?How much would fairgrounds purchase cost Brockton taxpayers?
How common are tornadoes in Massachusetts?
According to reporting by WCVB, this Saturday’s tornado marked the third confirmed tornado in New England this month, and the region's second within 48 hours.
The National Weather Service previously confirmed an EF-0 tornado (winds between 65 and 85mph) in North Brookfield, a town in Worcester County, on July 16 and another EF-1 tornado in New Hampshire on July 28.
“We see a few of them every year. They're not completely unusual,” said Dellicarpini. A lot of them, however, are very short lived, he said. “This one was only on the ground for about a minute. They come down quickly and go right back up.”
According to Dellicarpini, most of Massachusetts’ tornados are considered relatively weak, with winds of around 80mph. “This one was a little bit stronger though. It had winds estimated at 105mph,” he said.
How many people are still without power?
According to a representative from National Grid, as of Monday, power was restored to everyone in Brockton, East Bridgewater, and Easton who had lost it due to the storm.
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https://www.enterprisenews.com/story/weather/2023/07/31/easton-ma-tornado-thunderstorm-microbursts-wind-brockton-east-bridgewater-power-outage-national-grid/70497005007/
| 2023-07-31T20:34:14
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https://www.enterprisenews.com/story/weather/2023/07/31/easton-ma-tornado-thunderstorm-microbursts-wind-brockton-east-bridgewater-power-outage-national-grid/70497005007/
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Biden has decided to keep Space Command in Colorado, rejecting move to Alabama, officials tell AP
WASHINGTON (AP) — President Joe Biden has decided to keep U.S. Space Command headquarters in Colorado, overturning a last-ditch decision by the Trump administration to move it to Alabama and ending months of politically fueled debate, according to senior U.S. officials.
The officials said Biden was convinced by the head of Space Command, Gen. James Dickinson, who argued that moving his headquarters now would jeopardize military readiness. Dickinson’s view, however, was in contrast to Air Force leadership, who studied the issue at length and determined that relocating to Huntsville, Alabama, was the right move.
The officials spoke on condition of anonymity to discuss the decision ahead of the announcement.
The president, they said, believes that keeping the command in Colorado Springs would avoid a disruption in readiness that the move would cause, particularly as the U.S. races to compete with China in space. And they said Biden firmly believes that maintaining stability will help the military be better able to respond in space over the next decade. Those factors, they said, outweighed what the president believed would be any minor benefits of moving to Alabama.
Biden’s decision is sure to enrage Alabama lawmakers and fuel accusations that abortion politics played a role in the choice. The location debate has become entangled in the ongoing battle between Alabama Republican Sen. Tommy Tuberville and the Defense Department over the move to provide travel for troops seeking reproductive health care. Tuberville opposed the policy is blocking hundreds of military promotions in protest.
The U.S. officials said the abortion issue had no effect at all on Biden’s decision. And they said the president fully expected there would be different views on the matter within the Defense Department.
Formally created in August 2019, the command was temporarily based in Colorado, and Air Force and Space Force leaders initially recommended it stay there. In the final days of his presidency Donald Trump decided it should be based in Huntsville.
The change triggered a number of reviews.
Proponents of keeping the command in Colorado have argued that moving it to Huntsville and creating a new headquarters would set back its progress at a time it needs to move quickly to be positioned to match China’s military space rise. And Colorado Springs is also home to the Air Force Academy, which now graduates Space Force guardians, and more than 24 military space missions, including three Space Force bases.
Officials also argued that any new headquarters in Alabama would not be completed until sometime after 2030, forcing a lengthy transition.
Huntsville, however, scored higher than Colorado Springs in a Government Accountability Office assessment of potential locations and has long been a home to some of earliest missiles used in the nation’s space programs, including the Saturn V rocket. It is home to the Army’s Space and Missile Defense Command.
According to officials, Air Force Secretary Frank Kendall, who ordered his own review of the matter, leaned toward Huntsville, while Dickinson was staunchly in favor of staying put. The officials said Defense Secretary Lloyd Austin presented both options to Biden.
The decision was good news for Colorado lawmakers.
“For two and a half years we’ve known any objective analysis of this basing decision would reach the same conclusion we did, that Peterson Space Force Base is the best home for Space Command,” Sen. John Hickenlooper, D-Colo., said in a statement. “Most importantly, this decision firmly rejects the idea that politics — instead of national security — should determine basing decisions central to our national security.”
Sen. Michael Bennet, D-Colo., said the decision “restores integrity to the Pentagon’s basing process and sends a strong message that national security and the readiness of our Armed Forces drive our military decisions.”
Copyright 2023 The Associated Press. All rights reserved.
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https://www.wistv.com/2023/07/31/biden-has-decided-keep-space-command-colorado-rejecting-move-alabama-officials-tell-ap/
| 2023-07-31T20:34:15
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https://www.wistv.com/2023/07/31/biden-has-decided-keep-space-command-colorado-rejecting-move-alabama-officials-tell-ap/
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Donald Trump did this to himself and “his own words will be his downfall”. He could have “saved” all these problems by just negotiating a settlement. He deserves all the negative attention. Very sad for the republicans in the upcoming election. They have no one to really come forward that aren’t in Trumps sphere.
Mary beth Schneider
East side
Disclaimer: As submitted to the Arizona Daily Star.
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https://tucson.com/opinion/letters/letter-donald-trump/article_91b7185e-2cbf-11ee-a5e5-a717b8c227d6.html
| 2023-07-31T20:34:16
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https://tucson.com/opinion/letters/letter-donald-trump/article_91b7185e-2cbf-11ee-a5e5-a717b8c227d6.html
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RYE BROOK, N.Y., July 31, 2023 /PRNewswire/ -- Belle Haven Investments is proud to be Certified™ by Great Place To Work® for the second year in a row. The prestigious award is based entirely on what current employees say about their experience working at Belle Haven Investments. This year, 93% of employees said it's a great place To Work – 36 points higher than the average U.S. company.
Great Place To Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.
"Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," says Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. "By successfully earning this recognition, it is evident that Belle Haven Investments stands out as one of the top companies to work for, providing a great workplace environment for its employees."
Matt Dalton, CEO & CIO, expressed his excitement emphasizing "We owe the Firm's continued success to our dedicated and awesome employees. We celebrate and thank them for all they do to earn this incredible recognition."
About Belle Haven Investments
Belle Haven Investments is an independent, employee-owned asset manager that focuses exclusively on fixed income. They prioritize service, reliability, and customization, nurturing long-term partnerships with their clients. Their core values - trust and communication - permeate both external client relationships and internal team dynamics. The autonomy given to employees fosters trust, driving them to deliver their best work daily. To learn more, visit: https://www.bellehaven.com/
About Great Place to Work Certification™
Great Place To Work® Certification™ is the most definitive "employer-of-choice" recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified.
Contact:
Nicole Robbins
robbinsn@bellehaven.com
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https://www.kfyrtv.com/prnewswire/2023/07/31/belle-haven-investments-earns-2023-great-place-work-certification/
| 2023-07-31T20:34:16
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https://www.kfyrtv.com/prnewswire/2023/07/31/belle-haven-investments-earns-2023-great-place-work-certification/
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Total new annualized premiums up 11%; strong capital position
CARMEL, Ind., July 31, 2023 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) today reported net income of $73.7 million, or $0.64 per diluted share, in 2Q23 compared to $233.3 million, or $1.99 per diluted share, in 2Q22. Net operating income (1) was $62.3 million, or $0.54 per diluted share, in 2Q23 compared to $135.1 million, or $1.15 per diluted share, in 2Q22.
"Production was strong in both our Consumer and Worksite Divisions, with notable sales increases in Life, Medicare Supplement and Supplemental Health, driven by continued growth in producing agent counts," said Gary C. Bhojwani, chief executive officer.
"Variable investment income results improved sequentially, yet reflect a tough comparable in the second quarter of 2022 when results reached a five-year high. Health claims impacted our results in the quarter. We expect this elevated claims experience to moderate in the second half of the year, based on leading indicators. Our long-term view of the Health business remains positive."
"New money rates were once again strong in the quarter at 6.34%, which drove continued improvement in the earned yield on investments allocated to insurance products. Our consolidated risk based capital (RBC) ratio of 386% was comfortably above our target as was our holding company liquidity of $176 million. Free cash flow generation in the quarter was robust."
Second Quarter 2023 Highlights (as compared to the corresponding period in the prior year where applicable)
- Total Health insurance new annualized premiums ("NAP") (4) up 15%; total Life insurance NAP up 8%
- Medicare Supplement NAP up 29%; Consumer Division field agent-sold Life insurance NAP up 20%
- Consumer Division field producing agent count up 8%; Worksite Division producing agent count up 32%
- Returned $47.4 million to shareholders
- Book value per share was $17.56; book value per diluted share, excluding accumulated other comprehensive loss,(2) was $32.34
- Return on equity ("ROE") of 14.8%; operating ROE, as adjusted,(6) of 8.0%
Adoption of New Accounting Standard
As previously disclosed, we adopted ASU 2018-12 related to targeted improvements to the accounting for long-duration insurance contracts effective January 1, 2023. We selected the modified retrospective transition method except for market risk benefits where we were required to use the full retrospective approach. All prior periods presented herein have been recast in accordance with the new standard. As a result of the adoption of the new guidance, shareholders' equity as of December 31, 2022, increased $368.0 million and was comprised of increases to retained earnings and accumulated other comprehensive income (loss) of $232.2 million and $135.8 million, respectively. Net income and operating earnings (1) for the second quarter of 2022 increased $97.2 million and $35.0 million, respectively. Concurrent with the adoption of the new guidance, we also updated the method of determining non-operating earnings for our fixed indexed annuities to better isolate the volatile non-economic accounting impacts of that line of business.
INSURANCE OPERATIONS
Annuity products accounted for 26 percent of the Company's margin for the quarter and annuity premiums collected decreased 8 percent in 2Q23 compared to 2Q22.
Health products accounted for 48 percent of the Company's insurance margin for the quarter and 63 percent of insurance policy income.
Life products accounted for 26 percent of the Company's insurance margin for the quarter and 36 percent of insurance policy income.
Sales of health products were up 15 percent and sales of life products were up 8 percent in 2Q23 compared to 2Q22.
Total allocated expenses were $149.5 million, down 2 percent from 2Q22.
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The fair value of CNO's available for sale fixed maturity portfolio was $21.0 billion compared with an amortized cost of $23.6 billion. Net unrealized losses were comprised of gross unrealized gains of $106.1 million and gross unrealized losses of $2,710.8 million. The allowance for credit losses was $66.1 million at June 30, 2023.
At both amortized cost and fair value, 94 percent of fixed maturities, available for sale, were rated "investment grade".
Non-Operating Items
Net investment losses in 2Q23 were $31.3 million including the unfavorable change in the allowance for credit losses of $9.9 million which was recorded in earnings. Net investment losses in 2Q22 were $27.1 million including the unfavorable change in the allowance for credit losses of $23.7 million which was recorded in earnings.
During 2Q23 and 2Q22, we recognized a decrease in earnings of $4.0 million and $21.7 million, respectively, due to the net change in market value of investments recognized in earnings.
During 2Q23 and 2Q22, we recognized an increase in earnings of $50.4 million and $160.6 million, respectively, resulting from changes in the estimated fair value of embedded derivative liabilities and market risk benefits related to our fixed indexed annuities. Such amounts include the impacts of changes in market interest rates and equity impacts used to determine the estimated fair values of the embedded derivatives and market risk benefits.
In 2Q22, other non-operating items included an increase in earnings of $14.0 million for the mark-to-market change in the agent deferred compensation plan liability which was impacted by changes in the underlying actuarial assumptions used to value the liability. We recognize the mark-to-market change in the estimated value of this liability through earnings as assumptions change.
Statutory (based on non-GAAP measures) and GAAP Capital Information
Our consolidated statutory risk-based capital ratio was estimated at 386% at June 30, 2023, reflecting estimated 2Q23 statutory operating income of $37 million (and $76 million in the first six months of 2023) and the payment of insurance company dividends (net of capital contributions) to the holding company of $40.5 million during 2Q23 (and $74.7 million in the first six months of 2023).
During 2Q23, we repurchased $30.0 million of common stock under our securities repurchase program (including $0.9 million of repurchases settled in 3Q23). We repurchased 1.4 million common shares at an average cost of $22.28 per share. As of June 30, 2023, we had 113.7 million shares outstanding and had authority to repurchase up to an additional $641.8 million of our common stock. During 2Q23, dividends paid on common stock totaled $17.4 million.
Unrestricted cash and investments held by our holding company were $176 million at June 30, 2023, compared to $167 million at December 31, 2022.
Book value per common share was $17.56 at June 30, 2023 compared to $15.47 at December 31, 2022. Book value per diluted share, excluding accumulated other comprehensive income (loss) (2), was $32.34 at June 30, 2023, compared to $31.89 at December 31, 2022.
The debt-to-capital ratio was 36.3 percent and 39.2 percent at June 30, 2023 and December 31, 2022, respectively. Our debt-to-total capital ratio, excluding accumulated other comprehensive income (loss) (3) was 23.4 percent at both June 30, 2023 and December 31, 2022.
Return on equity for the trailing four quarters ended June 30, 2023 and 2022, was 14.8% and 20.9%, respectively. Operating return, excluding significant items, on equity, excluding accumulated other comprehensive income (loss) and net operating loss carryforwards (6) for the trailing four quarters ended June 30, 2023 and 2022, was 8.0% and 12.7%, respectively.
In this news release, CNO includes non-GAAP measures to enhance investors' understanding of management's view of the business. The non-GAAP measures are not a substitute for GAAP, but rather a supplement to increase transparency by providing broader perspective. CNO's definitions of non-GAAP measures may differ from other companies' definitions. More detailed information including various GAAP and non-GAAP measurements are located at CNOinc.com in the Investors section under SEC Filings.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements within the meaning of federal securities laws. These prospective statements reflect management's current expectations, but are not guarantees of future performance. Accordingly, please refer to CNO's cautionary statement regarding forward-looking statements, and the business environment in which the Company operates, contained in the Company's Form 10-K for the year ended December 31, 2022 and any subsequent Form 10-Q or Form 10-K on file with the Securities and Exchange Commission and on the Company's website at CNOinc.com in the Investors section. CNO specifically disclaims any obligation to update or revise any forward-looking statement because of new information, future developments or otherwise.
EARNINGS RELEASE CONFERENCE CALL WEBCAST:
The Company will host a conference call to discuss results on August 1, 2023 at 11:00 a.m. Eastern Time. During the call, we will be referring to a presentation that will be available at the Investors section of the company's website.
To participate by dial-in, please register at https://www.netroadshow.com/events/login?show=5ac4628b&confId=53584. Upon registering, you will be provided with call details and a registrant ID used to track attendance on the conference call. Reminders will also be sent to registered participants via email.
For those investors who prefer to listen to the call online, we will be broadcasting the call live via webcast. The event can be accessed through the Investors section of the company's website: ir.CNOinc.com. Participants should go to the website at least 15 minutes before the event to register and download any necessary audio software.
ABOUT CNO FINANCIAL GROUP
CNO Financial Group, Inc. (NYSE: CNO) secures the future of middle-income America. CNO provides life and health insurance, annuities, financial services, and workforce benefits solutions through our family of brands, including Bankers Life, Colonial Penn, Optavise and Washington National. Our customers work hard to save for the future, and we help protect their health, income and retirement needs with 3.2 million policies and $34 billion in total assets. Our 3,400 associates, 4,600 exclusive agents and 4,000 independent partner agents guide individuals, families and businesses through a lifetime of financial decisions. For more information, visit CNOinc.com.
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SOURCE CNO Financial Group, Inc.
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https://www.1011now.com/prnewswire/2023/07/31/cno-financial-group-reports-second-quarter-2023-results/
| 2023-07-31T20:34:20
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https://www.1011now.com/prnewswire/2023/07/31/cno-financial-group-reports-second-quarter-2023-results/
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It's pretty clear to anyone with eyes that global warming is here, and getting worse. The time for self-deception about something so dangerous is over. Something to consider: with catastrophic heating, it's not just human comfort at risk. A rancher living off-grid during a deadly heat wave may possibly be able to hunker down inside and wait out the heat, but his herd of cattle can't. Nor can his neighbor's corn field or orchard. The effects of global warming will effect everyone, except perhaps a few billionaires tucked comfortably away in their doomsday bunkers. The rest of us are in trouble.
Marian Weaver
Bisbee
Disclaimer: As submitted to the Arizona Daily Star.
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https://tucson.com/opinion/letters/letter-heat/article_5bede4fc-2b37-11ee-ba5c-8bcbbd5beb6d.html
| 2023-07-31T20:34:22
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https://tucson.com/opinion/letters/letter-heat/article_5bede4fc-2b37-11ee-ba5c-8bcbbd5beb6d.html
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Buttigieg touts progress in goal for half of new car sales to be electric vehicles
WASHINGTON (Gray DC) - Following an announcement of private investment plan for 30,000 new electric vehicle chargers across the United States, Transportation Secretary Pete Buttigieg said government investment has paved the way private companies to produce more electric cars.
“Federal investment to try and make up the difference where markets are still getting ready, and then the private sector, private industry, needs to do the rest,” Buttigieg said.
Leading global electric vehicle manufacturers, including Ford, General Motors and BMW have joined together to build 30,000 electric vehicle chargers across the country.
“When you fill up your gas car with gas you’re counting on private companies to set up for that,” Buttigieg said. “We really need private industry to play more of a roll in investing in and running these electric vehicle charging stations.”
The government has set aside $7.5 billion for states to create their own networks of EV chargers, but the Biden administration wants to guarantee things like price transparency, and guaranteeing a charger from one company works for another company’s vehicles.
“They are going to meet standards that we have set, and they’ll have to in order to qualify for federal support.”
Buttigieg said if the U.S. does not take the lead on electric vehicles, someone else will.
“There is a race, whether people realize it or not,” Buttigieg said. “Where in the middle of a heated race to win the future of electric vehicles.”
The federal money for EV charging networks comes from the Bipartisan Infrastructure Law passed in 2021.
Copyright 2023 Gray DC. All rights reserved.
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https://www.wistv.com/2023/07/31/buttigieg-touts-progress-goal-half-new-car-sales-be-electric-vehicles/
| 2023-07-31T20:34:22
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https://www.wistv.com/2023/07/31/buttigieg-touts-progress-goal-half-new-car-sales-be-electric-vehicles/
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- VOXZOGO® Growth Continued in the Second Quarter Driven by Global Demand Resulting in Increased Full Year 2023 Guidance
- Pivotal Program with VOXZOGO in New, Potential Second Indication, Hypochondroplasia, to Begin in the Fourth Quarter of 2023
- U.S. Approval of ROCTAVIAN™ Received in the Second Quarter and Commercial Launch Underway; Commercial Launch in Europe Making Progress
SAN RAFAEL, Calif., July 31, 2023 /PRNewswire/ -- BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) today announced financial results for the six months and second quarter ended June 30, 2023.
"Outstanding execution across our business led to record revenues in the first half of 2023. We reached more children with VOXZOGO around the world, as physicians and families sought treatment with the only approved medicine targeting the genetic cause of achondroplasia," said Jean-Jacques Bienaimé, Chairman and Chief Executive Officer of BioMarin. "We were also very pleased to have received the highly anticipated U.S. approval of ROCTAVIAN, the only gene therapy treatment for severe hemophilia A. U.S. commercial launch activities are well underway following the June 29 approval, in parallel with launch progress across a number of European countries."
Mr. Bienaimé added, "for the remainder of 2023, we plan to build on the foundation of growth and profitability achieved in the first half of the year, expand VOXZOGO globally and treat the first ROCTAVIAN patients in the U.S. and Europe."
Financial Highlights:
- Total Revenues for the second quarter of 2023 were $595.3 million, an increase of 12% compared to the same period in 2022. The increase in Total Revenues was primarily attributed to the following:
- GAAP and Non-GAAP Net Income increased by $28.3 million and $28.4 million, respectively, for the second quarter of 2023 compared to the same period in 2022. The increased net income was primarily due to higher gross profit and interest income, partially offset by higher spend in research and development programs to support both early-stage research and clinical activities, as well as higher selling, general and administrative expenses due to higher foreign currency losses and to support the commercial launches of VOXZOGO and ROCTAVIAN.
Recent Product Approvals and Launches (ROCTAVIAN and VOXZOGO)
- On June 29, 2023 the FDA approved ROCTAVIAN gene therapy for the treatment of adults with severe hemophilia A (congenital factor VIII (FVIII) deficiency with FVIII activity < 1 IU/dL) without antibodies to adeno-associated virus serotype 5 (AAV5) detected by an FDA-approved test. The FDA approval is based on data from the global Phase 3 GENEr8-1 study, the largest Phase 3 trial of any gene therapy in hemophilia. The one-time, single-dose infusion is the first approved gene therapy for severe hemophilia A in the U.S. ROCTAVIAN was first conditionally approved by the European Commission in August 2022.
Following FDA approval, the Company activated its U.S.-based salesforce and communicated that ROCTAVIAN is expected to be available for commercial use in August. BioMarin estimates that there are approximately 2,500 people living with severe hemophilia A in the United States who are eligible for treatment and receiving care at approximately 140 hemophilia treatment centers. - In Europe, BioMarin continues to make progress on the pricing and reimbursement process for ROCTAVIAN in Germany, France and Italy to facilitate access. BioMarin is working directly with the German National Association of Statuary Health Insurance Funds (GKV) to finalize access to ROCTAVIAN. At present, people in Germany with severe hemophilia A, who are eligible for treatment with ROCTAVIAN, can access treatment through either Named Patient authorizations or previously secured Outcomes Based Agreements. In France and Italy, BioMarin is working directly with the single public insurance funds in each country to secure reimbursement and access to ROCTAVIAN, expected later in 2023.
- As of the end of June 2023, more than 2,000 children with achondroplasia were being treated with VOXZOGO across 36 active markets. In the second quarter, patient growth remained strong worldwide. Based on these trends, today BioMarin updated full-year 2023 VOXZOGO guidance to between $400 million and $440 million. VOXZOGO is currently approved for the treatment of children 2 years old and older in Europe, for children 5 years old and older in the U.S., and approved for all ages from birth in Japan.
VOXZOGO and ROCTAVIAN Market Expansion Opportunities
- Today, BioMarin announced its plan to begin enrollment in the pivotal program with VOXZOGO for the treatment of children with hypochondroplasia, a condition characterized by impaired bone growth. Hypochondroplasia is a genetic statural condition caused by a mutation (gene change) in the fibroblast growth factor receptor-3 (FGFR3) gene.
Leveraging years of safety data from the VOXZOGO development program in achondroplasia, emerging data from an investigator-led Phase 2 study and following receipt of feedback from FDA, BioMarin plans to begin the 6-month observation arm of the study later this year, followed by the 52-week randomized, double-blind, placebo-controlled phase of the 80-participant clinical trial. If successful, BioMarin believes this study will be able to support regulatory approval in this large indication. - In the coming months in the U.S. and Europe, the Company expects to learn the outcome of its request to expand VOXZOGO access to younger age groups, based on favorable results from a Phase 2 study in infants and young children and the importance of starting treatment as early as feasible. Age expansions would provide access to treatment with VOXZOGO to more than 1,000 additional children in the U.S. and Europe.
- Additional product expansion opportunities with ROCTAVIAN continue, including a clinical study investigating ROCTAVIAN treatment in those with active or prior inhibitors and continued exploration of methods of administering ROCTAVIAN in people with pre-existing antibodies against AAV5.
Earlier-stage Development Portfolio (BMN 255, BMN 331, BMN 351, BMN 349, BMN 293)
- BioMarin plans to showcase its Research and Development capabilities and earlier-stage product candidate updates at its R&D Day on September 12, 2023. Details on accessing the live event will be available on BioMarin's website in early September.
- BMN 255 for hyperoxaluria in chronic liver disease: The Company has concluded the multi-ascending dose study with BMN 255 in healthy human volunteers. Based on early data demonstrating a rapid and potent increase in plasma glycolate following treatment with BMN 255, BioMarin plans to open enrollment in an expanded study in patients with chronic liver disease and hyperoxaluria in the second half of 2023. The Company believes the availability of a potent, orally bioavailable, small molecule like BMN 255 may be able to significantly reduce disease and treatment burden in a patient population with significant unmet need.
- BMN 331 gene therapy product candidate for Hereditary Angioedema (HAE): Dosing continues in the Phase 1/2 HAERMONY study to evaluate BMN 331, an investigational AAV5-mediated gene therapy for people living with HAE. In January 2023, BioMarin shared that the first participant treated with the 6e13vg/kg dose demonstrated C1-Inhibitor levels that were approaching the therapeutically relevant range. In March 2023, the second sentinel participant was safely dosed at 6e13vg/kg and this individual has had a similar initial response. BioMarin will continue to monitor the trajectory of expression in these two individuals before deciding on next steps in this program.
- BMN 351 for Duchenne Muscular Dystrophy (DMD): Investigational New Drug application (IND)-enabling activities continue with BMN 351, an antisense oligonucleotide therapy for individuals with exon 51-skip-amenable DMD. BMN 351 was developed using familiar chemistry and superior biology, by targeting a novel, splice enhancer site demonstrating improved binding affinity and tolerability in preclinical models. Preclinical data suggest that restored expression of near-full-length dystrophin protein at levels of up to 40% will convert phenotypes from rapid loss to durable preservation of strength and ambulation.
- BMN 349 for alpha-1 antitrypsin deficiency: Preclinical studies have demonstrated that BMN 349 is an orally bioavailable, small molecule that preferentially sequesters mutant protein, preventing polymerization in liver cells that drive the progressive liver disease form of the illness. In preclinical studies BMN 349 is titratable to effect, with rapid onset and high potency. Preclinical results have strong implications for potential improvement of current management, particularly for severe liver disease requiring rapid action. IND enabling studies are concluding and BioMarin plans to submit the IND in the second half of 2023.
- BMN 293 for MYBPC3 hypertrophic cardiomyopathy (HCM): Mutations in the MYBPC3 gene are the most common cause of inherited HCM. Early investigations suggest that gene therapy-mediated gene transfer can lead to widespread expression of the gene product, cardiac myosin-binding protein C (MyBP-C), in cardiac tissue, which can normalize cardiac hypertrophy, improve relaxation kinetics and potentially alleviate functional deficits in individuals suffering from cardiomyopathy. IND enabling studies are underway and have incorporated pre-IND feedback from the FDA. BioMarin's goal is to submit an IND for BMN 293 in the second half of 2023.
2023 Full-Year Financial Guidance (in millions, except % and EPS amounts) (Updated)
BioMarin will host a conference call and webcast to discuss second quarter 2023 financial results today, Monday, July 31, 2023, at 4:30 p.m. ET. This event can be accessed through this link or on the investor section of the BioMarin website at www.biomarin.com.
About BioMarin
Founded in 1997, BioMarin is a global biotechnology company dedicated to transforming lives through genetic discovery. The Company develops and commercializes targeted therapies that address the root cause of genetic conditions. BioMarin's robust research and development capabilities have resulted in multiple innovative commercial therapies for patients with rare genetic disorders. The Company's distinctive approach to drug discovery has produced a diverse pipeline of commercial, clinical, and pre-clinical candidates that address a significant unmet medical need, have well-understood biology, and provide an opportunity to be first-to-market or offer a substantial benefit over existing treatment options. For additional information, please visit www.biomarin.com.
Forward-Looking Statements
This press release and the associated conference call and webcast contain forward-looking statements about the business prospects of BioMarin Pharmaceutical Inc. (BioMarin), including, without limitation, statements about: the expectations of Total Revenues, Net Product Revenues, Enzyme Product Revenues, Gross Profit, Research and Development Expense (R&D), Selling, General and Administrative Expense (SG&A), GAAP Net Income, Non-GAAP Income, GAAP Diluted EPS and Non-GAAP Diluted EPS for the full-year 2023; cash flows from operating activities; the timing of orders for commercial products; the timing of BioMarin's clinical development and commercial prospects, including announcements of data from clinical studies and trials; the clinical development and commercialization of BioMarin's product candidates and commercial products, including (i) the potential to leverage VOXZOGO in conditions beyond achondroplasia, such as hypochondroplasia, (ii) the results from clinical studies regarding product expansion opportunities for ROCTAVIAN, (iii) BioMarin's plans to initiate and enroll an expanded study of BMN 255 in the second half of 2023, (iv) BioMarin's plan to submit an IND for BMN 349 in the second half of 2023, and (v) BioMarin's goal to submit an IND for BMN 293 in the second half of 2023; the potential approval and commercialization of BioMarin's product candidates, including commercialization of ROCTAVIAN for the treatment of severe hemophilia A in the U.S. following FDA approval in June 2023, and the timing of such approval decisions and product launches, including (i) the anticipated start and growth of commercial sales of VOXZOGO in additional countries, and (ii) BioMarin's expectation that U.S. and EU health authorities take action on its supplemental marketing applications for VOXZOGO in the coming months and the number of additional children that will be eligible for VOXZOGO if such age expansions are accepted; the expected benefits and availability of BioMarin's product candidates; and potential growth opportunities and trends, including that BioMarin expects accelerated growth of VOXZOGO revenues as the product launch continues in future quarters and that BioMarin expects growth of ROCTAVIAN revenues as the product's access is expanded in Europe and following commercial launch in the U.S.
These forward-looking statements are predictions and involve risks and uncertainties such that actual results may differ materially from these statements. These risks and uncertainties include, among others: BioMarin's success in the commercialization of its commercial products, impacts of macroeconomic and other external factors on BioMarin's operations; results and timing of current and planned preclinical studies and clinical trials and the release of data from those trials; BioMarin's ability to successfully manufacture its commercial products and product candidates; the content and timing of decisions by the FDA, the European Commission and other regulatory authorities concerning each of the described products and product candidates; the market for each of these products; actual sales of BioMarin's commercial products; the introduction of generic versions of BioMarin's commercial products, in particular generic versions of KUVAN; and those factors detailed in BioMarin's filings with the Securities and Exchange Commission (SEC), including, without limitation, the factors contained under the caption "Risk Factors" in BioMarin's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 as such factors may be updated by any subsequent reports. Stockholders are urged not to place undue reliance on forward-looking statements, which speak only as of the date hereof. BioMarin is under no obligation, and expressly disclaims any obligation to update or alter any forward-looking statement, whether as a result of new information, future events or otherwise.
BioMarin®, BRINEURA®, KUVAN®, NAGLAZYME®, PALYNZIQ®, VIMIZIM® and VOXZOGO® are registered trademarks of BioMarin Pharmaceutical Inc., or its affiliates. ROCTAVIANTM is a trademark of BioMarin Pharmaceutical Inc. ALDURAZYME® is a registered trademark of BioMarin/Genzyme LLC. All other brand names and service marks, trademarks and other trade names appearing in this release are the property of their respective owners.
Non-GAAP Information
The results presented in this press release include both GAAP information and Non-GAAP information. Non-GAAP Income is defined by the Company as GAAP Net Income excluding amortization expense, stock-based compensation expense, contingent consideration expense, and, in certain periods, certain other specified items, as detailed below when applicable. The Company also includes a Non-GAAP adjustment for the estimated tax impact of the reconciling items. Non-GAAP Diluted EPS is defined by the Company as Non-GAAP Income divided by Non-GAAP diluted shares outstanding
BioMarin regularly uses both GAAP and Non-GAAP results and expectations internally to assess its financial operating performance and evaluate key business decisions related to its principal business activities: the discovery, development, manufacture, marketing and sale of innovative biologic therapies. Because Non-GAAP Income, Non-GAAP Diluted EPS and Non-GAAP Diluted Shares are important internal measurements for BioMarin, the Company believes that providing this information in conjunction with BioMarin's GAAP information enhances investors' and analysts' ability to meaningfully compare the Company's results from period to period and to its forward-looking guidance, and to identify operating trends in the Company's principal business. BioMarin also uses Non-GAAP Income internally to understand, manage and evaluate its business and to make operating decisions, and compensation of executives is based in part on this measure.
Non-GAAP Income and its components are not meant to be considered in isolation or as a substitute for, or superior to comparable GAAP measures and should be read in conjunction with the consolidated financial information prepared in accordance with GAAP. Investors should note that the Non-GAAP information is not prepared under any comprehensive set of accounting rules or principles and does not reflect all of the amounts associated with the Company's results of operations as determined in accordance with GAAP. Investors should also note that these Non-GAAP financial measures have no standardized meaning prescribed by GAAP and, therefore, have limits in their usefulness to investors. In addition, from time to time in the future there may be other items that the Company may exclude for purposes of its Non-GAAP financial measures; likewise, the Company may in the future cease to exclude items that it has historically excluded for purposes of its Non-GAAP financial measures. Because of the non-standardized definitions, the Non-GAAP financial measure as used by BioMarin in this press release and the accompanying tables may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies.
The following tables present the reconciliation of GAAP reported to Non-GAAP adjusted financial information:
View original content to download multimedia:
SOURCE BioMarin Pharmaceutical Inc.
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https://www.kfyrtv.com/prnewswire/2023/07/31/biomarin-announces-strong-second-quarter-2023-results-record-breaking-revenues-first-half-2023-including-13-year-over-year-growth-year-to-date/
| 2023-07-31T20:34:23
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https://www.kfyrtv.com/prnewswire/2023/07/31/biomarin-announces-strong-second-quarter-2023-results-record-breaking-revenues-first-half-2023-including-13-year-over-year-growth-year-to-date/
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NEW YORK, July 31, 2023 /PRNewswire/ -- Debevoise & Plimpton LLP announced today the release of its 2023 Private Equity Midyear Outlook, a helpful summary of the various forces shaping the industry and the strategies market participants are using during this dynamic time.
At the beginning of the year, we noted in our Private Equity Report: 2023 Outlook the considerable macroeconomic and geopolitical challenges facing private equity. As we pass the year's midpoint, those challenges continue to hang over the private equity industry like a stalled weather system, refusing to dissipate, as existing obstacles have solidified and new hurdles have emerged. While the crisis around the collapse of Silicon Valley Bank, First Republic Bank and Signature Bank was not protracted, it nonetheless compounded an already difficult liquidity environment. Fundraising remains highly competitive. The polarization around ESG in the United States has intensified, resulting in a patchwork of wildly different state legislation. The SEC continues to take aim at private fund practices, while in the EU, new regulations stand to complicate both fundraising and the M&A landscape. In this environment, caution rules the day for both sponsors and investors.
And yet, with creativity and persistence, deals are getting done. Lenders are adjusting their balance sheet exposures. Direct lending and co-investments, as well as innovative deal structures, help to fill the financing gaps caused by the pull-back in syndicated debt financings. Brand-name funds are weathering fundraising headwinds by offering incentives and flexibility with terms, while first-time managers are building track records by raising capital deal-by-deal. And through it all, bright spots have begun to appear. The U.S. IPO market is showing early signs of thawing. In Latin America, proactive monetary policy, the move toward nearshoring and a spate of welcomed governmental reforms give reason for optimism. And while investors continue their caution regarding China, other Asian markets such as Japan, Australia and India are showing healthy levels of activity.
The full report is available here.
About the Debevoise Private Equity Group
Debevoise is a trusted partner and legal advisor to a majority of the world's largest private equity firms, and has been a market leader in the Private Equity industry for over 40 years. The firm's Private Equity Group brings together the diverse skills and capabilities of more than 400 lawyers around the world from a multitude of practice areas, working together to advise our clients across the entire private equity life cycle. The Group's strong track record, leading-edge insights, deep bench and commitment to unified, agile teams are why, year after year, clients quoted in Chambers Global, Chambers USA, The Legal 500 and PEI cite Debevoise for our close-knit partnership, breadth of resources and relentless focus on results.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients' most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.
View original content:
SOURCE Debevoise & Plimpton LLP
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https://www.1011now.com/prnewswire/2023/07/31/debevoise-releases-2023-private-equity-midyear-outlook/
| 2023-07-31T20:34:27
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https://www.1011now.com/prnewswire/2023/07/31/debevoise-releases-2023-private-equity-midyear-outlook/
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Re: 7/26 opinion “Girl dinner...”
I couldn’t believe my eyes on reading this one. A resurgence of salty snacks?? Most processed food is already loaded with excessive sodium. Just a few points on the dangers:
The health risks of excessive sodium intake include:
High blood pressure, heart disease, stroke, kidney disease, osteoporosis, stomach cancer
The average American consumes about 3,400 milligrams of sodium per day, well above the recommended daily intake of 2,300 milligrams for adults.
Most of our sodium intake comes from processed foods and salty snacks.
Girl dinner can be a major source of excess sodium, especially if it is done on a regular basis.
Is this another war on women’s (and children’s) health? Instead of blindly adopting the latest Tik-Tok fad and thinking of it as a new norm, we would do well to find out who is pushing eating lots more salty snacks,.
People are also reading…
And don’t get me started on all the sugar in everything we eat.....
Klara Cserny
Southwest side
Disclaimer: As submitted to the Arizona Daily Star.
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https://tucson.com/opinion/letters/letter-stop-the-salt/article_00e05b9c-2c97-11ee-b810-ab9f7e37d360.html
| 2023-07-31T20:34:28
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https://tucson.com/opinion/letters/letter-stop-the-salt/article_00e05b9c-2c97-11ee-b810-ab9f7e37d360.html
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Defective: After recalls, Americans continue to die and get injured as products remain in homes and for sale online
Watchdogs say companies don’t do enough to alert customers to dangerous household goods
Deer Park, New York (InvestigateTV) — P.J. Matzen was only 3 months old when he uttered his first words to his parents. “I love you,” he babbles in a video taken by his mother.
They were the only words he would ever say.
On Oct. 11, 2019, Phillip Matzen found his son blue, lifeless and face down in an inclined sleeper made by Kids2. P.J. died the following day.
His parents had no idea that six months earlier, the U.S. Consumer Product Safety Commission and the manufacturers of two of these popular baby products had issued recalls for them.
The Matzens also had no idea the CPSC hired an independent doctor to review these products for possible danger. The month before P.J. died, that doctor declared “no inclined sleep products are safe” warning the design has an increased risk for suffocation because babies can roll and aren’t able to “self-correct.”
By then, millions of these sleepers had been sold.
But the April 2019 recalls of Kids2 rocking sleepers and the Fisher-Price Rock ‘n Play did not stop the deaths. P.J. is one of at least a dozen infants who died in one of those inclined sleepers after the recalls, according to CPSC.
Because of the rising death toll — and the availability of those products on the secondary market — the CPSC and the manufacturers of those sleepers re-announced the recalls this past January.
“Unfortunately, today’s announcement highlights the fact that these products are still in too many homes, and babies continue to be put at risk,” CPSC chairman Alexander Hoehn-Saric wrote in a statement accompanying the re-announcement.
However, the re-announcement of the Kids2 rocking sleepers and the Fisher-Price Rock ‘n Play is not an anomaly.
An InvestigateTV analysis of CPSC data shows that since 2000, the agency has had to re-announce the recall of at least 46 products because the original alert did not reach the ears of consumers and, in many cases, continued to cause harm.
The deaths of at least 16 children or adults were tied to a defective product that had been previously recalled, the analysis of the federal data shows. At least 300 were injured.
Consumer advocates such as Nancy Cowles with Kids in Danger say the government and the manufacturers need to do more to protect Americans — particularly infants and toddlers — from products they know are dangerous.
“Make sure that once you do the recall you actually get them out of homes,” said Cowles, who is the executive director of the Chicago nonprofit that advocates for safer baby products. “Most products — children’s products — that we’ve tracked . . . are still in homes. Nowhere near a majority of products that are recalled are taken out of homes.”
The story of the inclined sleepers epitomizes what consumers advocates say is a flawed recall system that leaves defective and deadly products in American homes and for sale on online marketplaces and at garage sales.
A family was unaware of a recall until it was too late
Kiara Matzen once told her mother — P.J.’s grandmother — that she feels as if her son’s life was nothing but a dream because it was cut so short.
“Every day, I’m still trying to process it,” Kiara said.
Kiara was 19 when she learned that she was pregnant. Friends and relatives showered her with many necessities for the baby, including a Kids2 Ingenuity Rock N’ Soothe Sleeper.
Kids2 began marketing its incline sleepers three years after Fisher-Price designed and launched its Rock ‘n Play in 2009, which was the first incline sleeper to hit the market and became instantly popular.
About 4.7 million Rock ‘n Plays were sold during its 10 years on the market. Kids2 sold nearly 700,000 inclined sleepers that had various different names.
Kiara doesn’t remember who gave her the sleeper, but P.J. slept in it every day from the time he was born.
On the morning of Oct. 11, 2019, Kiara escorted her mother, Lydia Calvacca, to a doctor’s appointment. While waiting to be seen, Kiara pulled up an app on her phone that connected her to cameras in her home.
She wanted to check on P.J.
“I saw something wasn’t right. He was on his stomach,” Kiara said.
Lydia also caught a glimpse of the image on Kiara’s phone.
“I saw the way he was laying in the bassinet. And I was an EMT for seven years and I knew it was not a normal sleeping position,” Lydia said. “I said to her, ‘Call your husband right now. Tell him to wake the baby up.’”
P.J.’s father immediately dialed 911 after finding his son lifeless. Police officers arrived before medics and rushed P.J. to the hospital.
He died the following day.
“That night that he was in the hospital, my whole family came to the hospital, and my sister-in-law said that ... ‘I think I heard that it was recalled,’” Kiara said.
It was the first time she had heard that P.J.’s inclined sleeper had been recalled.
“If they would have spent more time and attention, maybe even money to get that recall product, that it was recalled out, then, you know ... me and probably a bunch of other parents would have stopped using it,” Kiara said.
Both Kids2 and Fisher-Price posted about the original recall on their Facebook pages and Twitter feeds, but neither has since mentioned the re-announcement of the recall made earlier this year on their social media accounts, based on a search of their posts on each platform. They did, however, place the re-announcements of the recalls on their websites.
Neither company responded to InvestigateTV’s requests for comment.
Despite the best efforts of the CPSC to alert consumers to recalls, the agency is largely powerless to force companies to do more.
CPSC publicizes recalls on its websites and social media platforms, but it doesn’t have the budget to launch campaigns about dangerous products.
“It would be much better if the companies actually used the same sort of marketing budget and marketing strategies that they initially used to sell the products to get these defective products off the markets,” said Daniel Mann, a product liability lawyer in Philadelphia who has represented dozens of families harmed by dangerous consumer goods.
After some recalls, Americans still are vulnerable to death and injury
The 46 products that have had re-announced recalls have been linked to at least 150 deaths and at least 800 injuries, with the majority of the harm coming before the recall.
In 2016, the CPSC re-announced the recall of trapeze rings on a backyard play house because so few of the products had been returned, meaning they likely were still in use. The agency received more than 100 reports of the rings breaking, leading to injuries. It did not indicate how many reports of breakage it received after the recall.
In 2012, a 7-month-old Houston baby died in a crib that had been recalled two years earlier.
Months after a 2008 recall of a bassinet that had been linked to strangulation and suffocations deaths, CPSC reported that two more babies had died.
And the problems aren’t just isolated to items for children.
Take the case of a bathrobe that was recalled in 2009 because of flammability failures: In the months after the recall, the CPSC learned that six elderly women died when the robes they were wearing caught fire. Most of them were cooking at the time.
Still, Mann, the Philadelphia attorney, said “the Fisher-Price Rock ‘n Play is probably the most epic consumer product disaster in United States history.”
In June 2021, a Fisher-Price executive admitted to Congress during a hearing that it was aware of at least 97 infant deaths linked to a Rock ‘n Play.
At least eight more died after that, including a 4-month-old who died in September 2020 and a 2-month-old who died in March 2021.
Mann represents a family whose 4-month-old son died on Feb. 1, 2021 while in a Rock ‘n Play at a babysitter’s home. Neither his parents nor the babysitter were aware of the recall, Mann said.
“For those parents where their deaths occur after the recall,” Mann said, “it’s even more tragic.”
Federal law leaves CPSC without necessary authority to rid households of dangerous products
CPSC chairman Hoehn-Saric admits that his agency is largely powerless to force companies to do more in recalls.
The Consumer Product Safety Act tips the balance of power away from the government regulator and into the hands of the companies that make and market products.
When a defect is discovered, the companies decide when and how a recall will be conducted.
“We can push them,” he said, “but forcing them is a whole different matter.”
The CPSC’s so-called sister agencies — the Food and Drug Administration and the National Highway Transportation Safety Administration — which also issue recalls, can alert the public on their own, without a company’s permission.
“We don’t know (of) other federal agencies subject to a law like this. Getting information out to consumers quickly is extremely important to prevent those unnecessary deaths and injuries,” Hoehn-Saric said.
But only Congress has the power to unlock the handcuffs that it has put on an agency that is supposed to regulate more than 15,000 categories of everyday products from appliances to tools to toys.
The CPSC can’t force a company to spend money to advertise a recall. It also can’t dictate what consumers will receive in exchange for returning a defective product.
Fisher-Price, for example, on its website offered consumers the choice of a potty chair, a stuffed Barney the dinosaur or a Thomas & Friends racetrack in exchange for the Rock ‘n Play, which cost between $50 and $150. The recall announcements mention that consumers should contact the company for a voucher or refund.
Kids2 offered a refund for its defective inclined sleepers.
Recalled products can be found on secondary marketplaces and at garage sales
The CPSC’s own reports show that many recalled products remain unaccounted for, leaving consumers at risk.
In its fiscal year 2021 report on its annual performance measures, the CPSC reported that 32% of products recalled during that period had been returned or the defective part had been corrected.
The agency noted that this rate meant that it had met its performance goals.
“The other issue that we have in terms of having hard metrics is some of the recalls, if it’s for a cheap product, that’s a buck, we may never know exactly what happens because a lot of people hear about those recalls and just throw the product away,” Hoehn-Saric said.
More dangerously, however, the products may end up on secondary marketplaces and in garage sales.
Hoehn-Saric has taken a particularly hard stance against Meta and its Facebook Marketplaces.
Rock ‘n Plays continue to show up for sale there.
InvestigateTV bought a Rock ‘n Play on Facebook Marketplace in December and found others for sale in early July. Consumers were also selling the Kids2 rocking sleeper on the platform in that month.
“You should never have seen that product on their marketplace. They’re in a position where they can see what’s going up on the marketplace before it gets to the public,” Hoehn-Saric said. “And that’s the best time to step in and say, ‘You can’t post that. There’s a recall on it.’”
When asked about finding recalled items on its marketplace, a spokeswoman for Meta issued a brief statement: “Like other platforms where people can buy and sell goods, there are instances of people knowingly or unknowingly selling recalled goods on Marketplace. We take this issue seriously and when we find listings that violate our rules, we remove them.”
It is illegal to sell a recalled product. Big box stores and online retailers such as Amazon generally are quick to remove recalled items from their shelves.
In 2022, TJX, the parent company of T.J. Maxx, Marshalls and Homegoods, agreed to pay a $13 million fine to the CPSC for knowingly selling inclined sleepers after the recall.
When the CPSC finds a recalled item on a secondary marketplace, the agency asks the platform to remove it — but it’s often a game of whack-a-mole: as one goes down, another comes up.
Consumers also sometimes disguise the products by failing to mention their specific names in the description. For example, “Rock ‘n Play” won’t return any results on Facebook Marketplace. But the product will turn up if searching for bassinets, sleepers or rockers.
Regarding the secondary marketplaces, Hoehn-Saric said that it is “very difficult for [CPSC] to require or force them to take action. I think that is important. And I think it’s good business for them to be able to protect their own customers.”
Grieving family members become disciples of safe sleeping practices
Since P.J.’s death, Kiara Matzen and Lydia Calvacca have turned their agony into advocacy through their social media channels.
They post about the importance of following safe sleep guidelines, where babies should be on their backs, on a firm surface with no blankets, pillows or stuffed toys in the crib or bassinet.
“There’s a [Facebook] page called safe infant sleep ... It’s a support group for moms that have lost their babies to unsafe sleep practices. And they are just wonderful. They’re wonderful. Every time I see a woman with a new baby, I always tell them about this page,” Calvacca said. “I have pictures of my grandson on my desk and ... I always tell them the story. I don’t just say, ‘Oh, that’s my grandson.’ I let them know what happened because I feel it’s my responsibility to educate people so this doesn’t happen to them.”
Kiara and Phillip now have two daughters. The youngest is just 2 months old.
The family sued Kids2 and reached a confidential settlement last year.
Calvacca said that when she keeps her granddaughters for overnight stays, she’s too afraid to sleep.
“It sucks. Because I want to be able to enjoy them the way I enjoyed P.J. without worrying and being nervous that something’s going to happen. And this incident has taken that away from me,” Calvacca said. “It’s taken some of my joy for my other grandchildren away from me, and that angers me.”
InvestigateTV associate producer Austin Hedgcoth contributed to this story.
Copyright 2023 Gray Media Group, Inc. All rights reserved.
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| 2023-07-31T20:34:28
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ORISKANY, N.Y. -- 12 Oneida County kids from Remsen and Sauquoit have headed to the New York State Sheriff's Summer Camp.
The kids will enjoy a weeklong stay on the shores of Keuka Lake.
The Tour Bus left around noon to bring everyone to the campsite.
According to the Oneida County Sheriff's Office, "The Sheriffs’ Summer Camp is a program of the New York State Sheriffs’ Institute, Inc. The Sheriffs’ Institute was established in 1979 to assist the office of the Sheriff in advancing education in the criminal justice community, and supporting victims of crime and their families."
According to members from the Sheriff's Office, the goal of the camp is to leave the 9- to 12-year-old children with an experience that will create lifelong memories.
Sergeant Curtis Morgan, who runs the Community Fairs Unit, said he is very excited to help the children have an experience that not many get to have.
The kids will return from summer camp on Saturday, August 5.
For more on the Sheriffs' Institute, click here.
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https://www.wktv.com/news/12-oneida-county-kids-heading-to-nys-sheriffs-summer-camp/article_f4cf0830-2f20-11ee-aeb9-5316964c77e6.html
| 2023-07-31T20:34:29
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ORLANDO, Fla. — Central Florida homeless shelters are seeing the number of people needing medical attention skyrocket as summer temperatures continue to soar.
Eric Gray, executive director of the Christian Service Center, said the number of people they’re seeing pass out from the heat has tripled. He said they’re having to call ambulances on average three times a day.
>>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<<
“When you’re sleeping outdoors and the heat index at midnight is still 95 degrees, which it was many times last week, you’re not having a chance for your body to sort of recover,” Gray said.
Daytime highs hit the mid-90s this weekend in Orlando, but heat index values reached between 105 and 110 across most of Central Florida.
Read: Here’s how hot and extreme the summer has been, and it’s only halfway over
“It’s been astronomically hot,” said Samona Forbes, who is homeless.
“The heat is unbearable,” Willie Taylor, who is also homeless, said. “It’s like some days you can’t breathe. You get dizzy. You pass out.”
Both Taylor and Forbes said they’ve collapsed from the extreme heat this month.
Read: Study reveals extreme heat costs healthcare system $1 billion each summer
“I got overheated and I passed out,” Taylor said. “I mean, I woke up I was sweating real bad. I didn’t know where I was.”
Gray said they’re also seeing people walk into the center with burnt feet.
Sometimes it’s minor other times, it’s third-degree burns.
Read: Biden announces measures to address extreme heat
“If you if you’re walking across the pavement, it’s 180 degrees in direct sunlight,” Gray said. “So we see people walk around literally that have tried to strap leaves to their feet. I mean it’s that level of severe.”
Gray said because of the high temperatures and need in the community, the center expanded its cooling center this summer and opens up additional space once the heat index hits 103.
He said they’re also providing shoes for people, but they always need more donations.
You can learn more about how to donate here.
Read: 9 tips to prevent dehydration in extreme heat
Click here to download the free WFTV news and weather apps, click here to download the WFTV Now app for your smart TV and click here to stream Channel 9 Eyewitness News live.
©2023 Cox Media Group
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Imagine stepping on stage with your favorite artist in VR from your browser. Discover secret rooms, join live Q&As with other fans, shop for merch, and more. Connect with your audience like never before.
NEW YORK, July 31, 2023 /PRNewswire/ -- BR Marketing Group, a leading luxury brand marketing agency in NYC, is excited to offer its new Web Virtual Reality (WebVR) service to clients worldwide. With this service, clients can create memorable marketing experiences in WebVR. WebVR is a technology that allows users to enjoy virtual reality from their browsers, without any extra hardware or software.
BR Marketing Group has a team of creative experts who design and promote WebVR experiences that capture the unique essence of each brand. Whether it's a concert, a store, a gallery, or more BR Marketing Group can bring it to life in WebVR.
"Our service stands out because we embrace the future. We know how innovative technologies like WebVR can transform the customer experience," said Andrea Canas, CEO of BR Marketing Group.
- Drake, global superstar, has recently taken his concerts and online store to the next level by adding immersive technology for an interactive virtual experience. He is not alone. Luxury brands and artists are following suit.
- Revenue in the VR Advertising market is projected to reach US$161.70m in 2023, revenue is expected to show an annual growth rate (CAGR 2023-2027) of 2.33%, resulting in a projected market volume of US$177.30m by 2027, according to a recent study.
WebVR is still a new and fast-growing tech, able to give immersive, interactive, awe-inspiring experiences. WebVR also connects with IRL events, enabling users to explore real-world objects, locations, and people through VR.
To get more info on WebVR or work with BR Marketing Group for your next virtual or IRL event, visit us at brmarketgroup.com or call 332-600-4466.
About BR Marketing Group
As one of the first creative agencies to offer WebVR immersive services, BR Marketing Group combines its web development, design, and marketing skills to create amazing VR events that connect the virtual and physical worlds.
BR Marketing Group is a leading luxury brand marketing agency in NYC, led by Andrea Cañas, a visionary Latina leader. She and her team of creative experts' craft captivating and unforgettable marketing experiences that bring out the unique essence of each brand they work with.
View original content to download multimedia:
SOURCE BR Marketing Group
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https://www.kfyrtv.com/prnewswire/2023/07/31/br-marketing-group-launches-webvr-immersive-service-new-way-boost-brand-loyalty-engagement/
| 2023-07-31T20:34:30
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The daily national news on TV has become the daily global warming news. Lester Holt now leads off with heat domes, fires, record high temperatures of both air and oceans, tornados. And soon enough we will see reporters covering the devastation from giant hurricanes.
Denial of the science is getting harder for Republicans, who even complained that Biden wasn't confrontative enough with China's leaders on their increasing coal-fired plants. They still fear that the issue is a ploy to increase the size of government. Yikes, the big government mayor of Phoenix convincingly wants federal disaster aid for relentless heat waves.
Yet we all keep adding millions of tons of carbon from fossil fuels, knowing that this will only bake in centuries of even greater heat and more deaths.
It is time for a tax on carbon! It is the single best legislation to take on global warming.
People are also reading…
Roger Wolf, member of the Citizens Climate Lobby
Foothills
Disclaimer: As submitted to the Arizona Daily Star.
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https://tucson.com/opinion/letters/letter-the-evening-news/article_b277eab4-2bd9-11ee-87a7-cfefb3430d18.html
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Published: Jul. 31, 2023 at 3:05 PM CDT|Updated: 29 minutes ago
Broadband revenue up 20% and Video SaaS revenue up 58% year over year
SAN JOSE, Calif., July 31, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the second quarter of 2023.
"While we achieved double digit year over year Broadband and Video SaaS revenue growth and strong gross margins for the second quarter, we experienced hardware sales delays across our business segments resulting in total revenue that was below our expectations," said Patrick Harshman, president and chief executive officer of Harmonic. "Despite these short-term headwinds, we have the largest backlog in our Company's history and our operating model continued to deliver solid profitability. The strength of our market position was reinforced by several new customer wins which further supports our multi-year growth plan."
Q2 Financial and Business Highlights
Financial
Revenue: $156.0 million, down 1% year over year
Gross margin: GAAP 54.5% and non-GAAP 54.7%, compared to GAAP 52.3% and non-GAAP 52.8% in the year ago period
Operating income: GAAP income $10.0 million and non-GAAP income $18.2 million, compared to GAAP income $15.1 million and non-GAAP income $21.4 million in the year ago period
Net income: GAAP net income $1.6 million and non-GAAP net income of $14.0 million, compared to GAAP net income $14.8 million and non-GAAP net income $17.6 million in the year ago period
Adjusted EBITDA: $21.1 million income compared to $24.3 million income in the year ago period
EPS: GAAP net income per share of $0.01 and non-GAAP net income per share of $0.12, compared to GAAP net income per share of $0.14 and non-GAAP net income per share of $0.16 in the year ago period
Cash: $71.0 million, down $50.8 million year over year
Business
CableOS® solution commercially deployed with 98 customers, serving 21.0 million cable modems, and initial orders received from two new Tier 1 customers
Recognized for the first time as the "cable broadband equipment" market share leader, by the most recent Dell'Oro Group1 report
Signed a follow-on multi-year software contract with an existing Tier 1 customer
Live sports streaming SaaS expansions and new wins drove 58.3% Video SaaS revenue growth year over year
Select Financial Information
Explanations regarding our use of non-GAAP financial measures and related definitions, and reconciliations of our GAAP and non-GAAP measures, are provided in the sections below entitled "Use of Non-GAAP Financial Measures" and "GAAP to Non-GAAP Reconciliations".
Financial Guidance
Conference Call Information
Harmonic will host a conference call to discuss its financial results at 2:00 p.m. PT (5:00 p.m. ET) on Monday, July 31, 2023. The live webcast will be available on the Harmonic Investor Relations website at http://investor.harmonicinc.com. To participate via telephone, please register in advance using this link, https://register.vevent.com/register/BI455acac6063542fb837fd89bddfb1d84. A replay will be available after 5:00 p.m. PT on the same web site.
About Harmonic Inc.
Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet cable services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at www.harmonicinc.com.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to our expectations regarding: net revenue, gross margins, operating expenses, operating income (loss), Adjusted EBITDA, tax expense and tax rate, EPS and cash. Our expectations regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include, in no particular order, the following: the market and technology trends underlying our Video and Broadband businesses will not continue to develop in their current direction or pace; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost of revenue or operating expenses may exceed our expectations; the impact of general economic conditions on our sales and operations; the mix of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in capital spending in the cable, satellite, telco, broadcast and media industries; customer concentration and consolidation; our ability to develop new and enhanced products in a timely manner and market acceptance of our new or existing products; losses of one or more key customers; risks associated with our international operations; exchange rate fluctuations of the currencies in which we conduct business; risks associated with our CableOS and VOS product solutions; dependence on various video and broadband industry trends; inventory management; the lack of timely availability or the impact of increases in the prices of parts or raw materials necessary to produce our products; the effect of competition, on both revenue and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business of natural disasters. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Harmonic's filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K for the year ended December 31, 2022, our most recent Quarterly Report on Form 10-Q and our Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to the Company as of the date hereof, and Harmonic disclaims any obligation to update any forward-looking statements.
Use of Non-GAAP Financial Measures
The Company reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP" or referred to herein as "reported"). However, management believes that certain non-GAAP financial measures provide management and other users with additional meaningful financial information that should be considered when assessing our ongoing performance. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business, establish operating budgets, set internal measurement targets and make operating decisions.
These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with generally accepted accounting principles and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. The Company believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Harmonic's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Harmonic's results of operations in conjunction with the corresponding GAAP measures.
The Company believes that the presentation of non-GAAP measures, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and its historical and projected results of operations. Non-GAAP financial measures should be viewed in addition to, and not as an alternative to, the Company's reported results prepared in accordance with GAAP.
The non-GAAP measures presented here are: Gross profit, operating expenses, income (loss) from operations, non-operating expenses and net income (loss) (including those amounts as a percentage of revenue), Adjusted EBITDA and net income (loss) per diluted share. The presentation of non-GAAP information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP, and is not necessarily comparable to non-GAAP results published by other companies. A reconciliation of the historical non-GAAP financial measures discussed in this press release to the most directly comparable historical GAAP financial measures is included with the financial statements provided with this press release. The non-GAAP adjustments described below have historically been excluded from our GAAP financial measures.
Our non-GAAP financial measures reflect adjustments based on the following items, as well as the related income tax effects:
Stock-based compensation - Although stock-based compensation is a key incentive offered to our employees, we continue to evaluate our business performance excluding stock-based compensation expenses. We believe that management is limited in its ability to project the impact stock-based compensation would have on our operating results. In addition, for comparability purposes, we believe it is useful to provide a non-GAAP financial measure that excludes stock-based compensation in order to better understand the long-term performance of our core business and to facilitate the comparison of our results to the results of our peer companies.
Restructuring and related charges - Harmonic from time to time incurs restructuring charges which primarily consist of employee severance, one-time termination benefits related to the reduction of its workforce, lease exit costs, and other costs. These charges are associated with material business shifts. We exclude these items because we do not believe they are reflective of our ongoing long-term business and operating results.
Non-cash interest expense and other expenses related to convertible notes and other debt - We record the amortization of issuance costs as non-cash interest expense. We believe that excluding these costs provides meaningful supplemental information regarding operational performance and liquidity, along with enhancing investors' ability to view the Company's results from management's perspective. In addition, we believe excluding these costs from the non-GAAP measures facilitates comparisons to our historical operating results and comparisons to peer company operating results.
Gain and losses on equity investments - We exclude the gain and losses from the sale of our equity investments in calculating our non-GAAP financial measures. We exclude these items because we do not believe they are reflective of our ongoing long-term business and operating results.
Discrete tax items and tax effect of non-GAAP adjustments - The income tax effect of non-GAAP adjustments relates to the tax effect of the adjustments that we incorporate into non-GAAP financial measures in order to provide a more meaningful measure of non-GAAP net income.
Depreciation - Depreciation expense, along with interest, tax and stock-based compensation expense, and restructuring charges, is excluded from Adjusted EBITDA because we do not believe depreciation and the other items relate to the ordinary course of our business or are reflective of our underlying business performance.
Non-recurring advisory fees - There were non-recurring costs that we excluded from non-GAAP results relating to professional accounting, tax and legal fees associated with strategic corporate initiatives, including assessing corporate structure and organization, as we seek to optimize value for our business.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.
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Doctors concerned brain-eating amoeba infection could increase due to warmer water temperatures
PHOENIX (KPHO/Gray News) -- Some scientists predict brain-eating amoeba cases could grow since we’ve had record heat and water temperatures are increasing.
The amoeba, naegleria fowleri, can enter the body through the nose and travel to the brain, resulting in an infection. While cases are limited over the years, there have been multiple in Arizona at Lake Pleasant and Lake Mead.
Most recently in Nevada, a child died because of the disease.
Brain-eating amoeba is a microscopic parasite found in warm, fresh bodies of water like hot springs or lakes. You can’t get it by accidentally swallowing the water or through a cut. The only way to get infected is by getting it far up your nose by diving or cannonballing into a lake.
Although infection is rare, the disease has a 97% fatality rate since symptoms are common at first. The disease is usually only diagnosed when it’s in the late-stage and symptoms progress to more severe illness like hallucinations and seizures. By that point, it’s usually too late to treat the disease effectively.
There are only about 10 cases per year, but experts say because the amoebas live in warm, fresh bodies of water, they expect to see that number increase with rising temperatures.
Dr. Wassim Ballan, an infectious disease specialist at Phoenix Children’s Hospital, said there are concerns about cases rising, as well as a number of other infectious diseases.
“We are probably going to see a change in trends because of the climate changing and the temperatures rising,” Ballan said. “So there is a lot of concern in the infectious disease community about a lot of different infections, including amoebic infections becoming more common as the climate is warming.”
He also said parents who notice their child feeling unwell after a day of swimming should get them checked out right away. Early symptoms usually start five days after infection. They include sudden fever, headache, and stiff neck. Because the amoebas can only be deadly by entering through the nose, doctors recommend you not jump or dive into the water and instead hold your nose or wear nose clips. Or better yet, keep your head above water.
Digging in shallow water is also not advised since it stirs up the sediment where the amoeba live. It’s important to note there haven’t been any recent cases at Saguaro Lake. Since they started tracking the disease in 1962, there have been only 160 reported cases, so it’s infrequent. Still, Ballan said it isn’t worth the risk when prevention is so easy.
For more information on the naegleria fowleri, visit the Centers for Disease Control and Prevention’s website.
Copyright 2023 KPHO/KTVK via Gray Media Group, Inc. All rights reserved.
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| 2023-07-31T20:34:34
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Rome, N.Y. -- The 2023 Rome Sports Hall of Fame Induction Ceremony took place on Sunday.
Eight of Rome's best coaches and athletes were inducted as family and friends gathered to watch.
Scott Pitoniak, a nationally recognized writer and best-selling author from Rome was this year's emcee.
This year's Hall of Fame class included:
- Peter A. Fabrizio Jr.
- Tom Gifford
- Billie Mays Jr.
- Doug Meiss
- Ralph Mirabelli
- Regina Jacobs Recco
- Jeff Skibitski
- John Walsh
Each of Hall of Famers have cemented their athletic legacy over the past few decades in the Copper City.
All eight inductees reached "all-star" status in athletics at either Rome Free Academy or Rome Catholic.
The 45th Annual Awards Banquet was held at Vernon Downs Hotel and Casino at 5:30 p.m.
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https://www.wktv.com/news/2023-rome-sports-hall-of-fame-induction-ceremony/article_f098b1b4-2f1e-11ee-8aff-a73e9d01763b.html
| 2023-07-31T20:34:35
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WINTER SPRINGS, Fla. — Seminole County firefighters said they put out the flames after a bed caught fire inside a Winter Springs mobile home.
Firefighters said they responded to the home on Helen Street around 11 a.m. and put the fire out within 10 minutes of getting the 911 call.
>>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<<
No one was injured in the fire.
Firefighters said the Red Cross is assisting the family displaced by the fire.
Click here to download the free WFTV news and weather apps, click here to download the WFTV Now app for your smart TV and click here to stream Channel 9 Eyewitness News live.
©2023 Cox Media Group
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https://www.wftv.com/news/local/bed-catches-fire-winter-springs-mobile-home/LEK66LUL6NFX5P5AVZDM2QH5UE/
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Total new annualized premiums up 11%; strong capital position
CARMEL, Ind., July 31, 2023 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) today reported net income of $73.7 million, or $0.64 per diluted share, in 2Q23 compared to $233.3 million, or $1.99 per diluted share, in 2Q22. Net operating income (1) was $62.3 million, or $0.54 per diluted share, in 2Q23 compared to $135.1 million, or $1.15 per diluted share, in 2Q22.
"Production was strong in both our Consumer and Worksite Divisions, with notable sales increases in Life, Medicare Supplement and Supplemental Health, driven by continued growth in producing agent counts," said Gary C. Bhojwani, chief executive officer.
"Variable investment income results improved sequentially, yet reflect a tough comparable in the second quarter of 2022 when results reached a five-year high. Health claims impacted our results in the quarter. We expect this elevated claims experience to moderate in the second half of the year, based on leading indicators. Our long-term view of the Health business remains positive."
"New money rates were once again strong in the quarter at 6.34%, which drove continued improvement in the earned yield on investments allocated to insurance products. Our consolidated risk based capital (RBC) ratio of 386% was comfortably above our target as was our holding company liquidity of $176 million. Free cash flow generation in the quarter was robust."
Second Quarter 2023 Highlights (as compared to the corresponding period in the prior year where applicable)
- Total Health insurance new annualized premiums ("NAP") (4) up 15%; total Life insurance NAP up 8%
- Medicare Supplement NAP up 29%; Consumer Division field agent-sold Life insurance NAP up 20%
- Consumer Division field producing agent count up 8%; Worksite Division producing agent count up 32%
- Returned $47.4 million to shareholders
- Book value per share was $17.56; book value per diluted share, excluding accumulated other comprehensive loss,(2) was $32.34
- Return on equity ("ROE") of 14.8%; operating ROE, as adjusted,(6) of 8.0%
Adoption of New Accounting Standard
As previously disclosed, we adopted ASU 2018-12 related to targeted improvements to the accounting for long-duration insurance contracts effective January 1, 2023. We selected the modified retrospective transition method except for market risk benefits where we were required to use the full retrospective approach. All prior periods presented herein have been recast in accordance with the new standard. As a result of the adoption of the new guidance, shareholders' equity as of December 31, 2022, increased $368.0 million and was comprised of increases to retained earnings and accumulated other comprehensive income (loss) of $232.2 million and $135.8 million, respectively. Net income and operating earnings (1) for the second quarter of 2022 increased $97.2 million and $35.0 million, respectively. Concurrent with the adoption of the new guidance, we also updated the method of determining non-operating earnings for our fixed indexed annuities to better isolate the volatile non-economic accounting impacts of that line of business.
INSURANCE OPERATIONS
Annuity products accounted for 26 percent of the Company's margin for the quarter and annuity premiums collected decreased 8 percent in 2Q23 compared to 2Q22.
Health products accounted for 48 percent of the Company's insurance margin for the quarter and 63 percent of insurance policy income.
Life products accounted for 26 percent of the Company's insurance margin for the quarter and 36 percent of insurance policy income.
Sales of health products were up 15 percent and sales of life products were up 8 percent in 2Q23 compared to 2Q22.
Total allocated expenses were $149.5 million, down 2 percent from 2Q22.
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The fair value of CNO's available for sale fixed maturity portfolio was $21.0 billion compared with an amortized cost of $23.6 billion. Net unrealized losses were comprised of gross unrealized gains of $106.1 million and gross unrealized losses of $2,710.8 million. The allowance for credit losses was $66.1 million at June 30, 2023.
At both amortized cost and fair value, 94 percent of fixed maturities, available for sale, were rated "investment grade".
Non-Operating Items
Net investment losses in 2Q23 were $31.3 million including the unfavorable change in the allowance for credit losses of $9.9 million which was recorded in earnings. Net investment losses in 2Q22 were $27.1 million including the unfavorable change in the allowance for credit losses of $23.7 million which was recorded in earnings.
During 2Q23 and 2Q22, we recognized a decrease in earnings of $4.0 million and $21.7 million, respectively, due to the net change in market value of investments recognized in earnings.
During 2Q23 and 2Q22, we recognized an increase in earnings of $50.4 million and $160.6 million, respectively, resulting from changes in the estimated fair value of embedded derivative liabilities and market risk benefits related to our fixed indexed annuities. Such amounts include the impacts of changes in market interest rates and equity impacts used to determine the estimated fair values of the embedded derivatives and market risk benefits.
In 2Q22, other non-operating items included an increase in earnings of $14.0 million for the mark-to-market change in the agent deferred compensation plan liability which was impacted by changes in the underlying actuarial assumptions used to value the liability. We recognize the mark-to-market change in the estimated value of this liability through earnings as assumptions change.
Statutory (based on non-GAAP measures) and GAAP Capital Information
Our consolidated statutory risk-based capital ratio was estimated at 386% at June 30, 2023, reflecting estimated 2Q23 statutory operating income of $37 million (and $76 million in the first six months of 2023) and the payment of insurance company dividends (net of capital contributions) to the holding company of $40.5 million during 2Q23 (and $74.7 million in the first six months of 2023).
During 2Q23, we repurchased $30.0 million of common stock under our securities repurchase program (including $0.9 million of repurchases settled in 3Q23). We repurchased 1.4 million common shares at an average cost of $22.28 per share. As of June 30, 2023, we had 113.7 million shares outstanding and had authority to repurchase up to an additional $641.8 million of our common stock. During 2Q23, dividends paid on common stock totaled $17.4 million.
Unrestricted cash and investments held by our holding company were $176 million at June 30, 2023, compared to $167 million at December 31, 2022.
Book value per common share was $17.56 at June 30, 2023 compared to $15.47 at December 31, 2022. Book value per diluted share, excluding accumulated other comprehensive income (loss) (2), was $32.34 at June 30, 2023, compared to $31.89 at December 31, 2022.
The debt-to-capital ratio was 36.3 percent and 39.2 percent at June 30, 2023 and December 31, 2022, respectively. Our debt-to-total capital ratio, excluding accumulated other comprehensive income (loss) (3) was 23.4 percent at both June 30, 2023 and December 31, 2022.
Return on equity for the trailing four quarters ended June 30, 2023 and 2022, was 14.8% and 20.9%, respectively. Operating return, excluding significant items, on equity, excluding accumulated other comprehensive income (loss) and net operating loss carryforwards (6) for the trailing four quarters ended June 30, 2023 and 2022, was 8.0% and 12.7%, respectively.
In this news release, CNO includes non-GAAP measures to enhance investors' understanding of management's view of the business. The non-GAAP measures are not a substitute for GAAP, but rather a supplement to increase transparency by providing broader perspective. CNO's definitions of non-GAAP measures may differ from other companies' definitions. More detailed information including various GAAP and non-GAAP measurements are located at CNOinc.com in the Investors section under SEC Filings.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements within the meaning of federal securities laws. These prospective statements reflect management's current expectations, but are not guarantees of future performance. Accordingly, please refer to CNO's cautionary statement regarding forward-looking statements, and the business environment in which the Company operates, contained in the Company's Form 10-K for the year ended December 31, 2022 and any subsequent Form 10-Q or Form 10-K on file with the Securities and Exchange Commission and on the Company's website at CNOinc.com in the Investors section. CNO specifically disclaims any obligation to update or revise any forward-looking statement because of new information, future developments or otherwise.
EARNINGS RELEASE CONFERENCE CALL WEBCAST:
The Company will host a conference call to discuss results on August 1, 2023 at 11:00 a.m. Eastern Time. During the call, we will be referring to a presentation that will be available at the Investors section of the company's website.
To participate by dial-in, please register at https://www.netroadshow.com/events/login?show=5ac4628b&confId=53584. Upon registering, you will be provided with call details and a registrant ID used to track attendance on the conference call. Reminders will also be sent to registered participants via email.
For those investors who prefer to listen to the call online, we will be broadcasting the call live via webcast. The event can be accessed through the Investors section of the company's website: ir.CNOinc.com. Participants should go to the website at least 15 minutes before the event to register and download any necessary audio software.
ABOUT CNO FINANCIAL GROUP
CNO Financial Group, Inc. (NYSE: CNO) secures the future of middle-income America. CNO provides life and health insurance, annuities, financial services, and workforce benefits solutions through our family of brands, including Bankers Life, Colonial Penn, Optavise and Washington National. Our customers work hard to save for the future, and we help protect their health, income and retirement needs with 3.2 million policies and $34 billion in total assets. Our 3,400 associates, 4,600 exclusive agents and 4,000 independent partner agents guide individuals, families and businesses through a lifetime of financial decisions. For more information, visit CNOinc.com.
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I still see many yellow TUGO, TEP bicycles parked, and locked, of course, at Ronstadt Center downtown. Who in their right mind is going to “rent” a bicycle, when it is 105 degrees in the shade? Signs at Ronstadt try to discourage misfits, the houseless and petty criminals from congregating there, but since Sun Tran rides are FREE all year, that allows anyone to sit, stand or walk at that bus “gathering” place! Signs there say; THIS AREA IS FOR BUS PATRONS ONLY
“NO TRESPASSING”. ARS-13-1502. And: NO LOITERING. ARS-13-2905. But are these Statute (ARS) numbers only suggestions here and not really enforceable?
There are Rent-A-Cops, or even real Tucson Police patrolling Ronstadt on occasion. One night I even saw a TPD squad drive thru at 5 mph. That will definitely stop crime, for the moment.
Kenneth Unwin Jr.
People are also reading…
East side
Disclaimer: As submitted to the Arizona Daily Star.
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https://tucson.com/opinion/letters/local-issues/letter-bike-or-bus-today/article_2d859b94-2cbf-11ee-8415-3f14412fe852.html
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NEW YORK MILLS, N.Y. -- The 10th Annual Believe 271 Memorial Golf Tournament took place this morning at Twin Ponds Golf & Country Club in New York Mills.
Over 160 golfers were entered in the Robert L. LeBuis Memorial Tournament. LeBuis was a former Barneveld Volunteer Fire Company Captain and Treasurer of Believe 271 before he passed away in July 2021.
100% of the proceeds from the Believe 271 Golf Tournament stay local and help firefighters and their families in the fight against cancer.
Since its start in 2014, the Believe 271 Foundation has presented 80 volunteer firefighters from 37 different fire departments with
104 checks totaling $349,674.00 to assist them in their battle with cancer.
All of the volunteer firefighters and auxiliary members live within Oneida or Herkimer County according to the Believe 271 Foundation.
One of the teams featured in this year's Golf Tournament were family members of the late Robert L. LeBuis.
"It's a tremendous honor to our family," Joe LeBuis, son of Robert L. LeBuis said. "We're all so proud they decided to do this and to continue to honor his legacy."
According to Fred Sherman, who is the Vice President of the Believe 271 Foundation, having this Golf Tournament each year is a big fundraiser that helps Believe 271 continue its mission.
"To me, it's very rewarding to be able to give back to people who are in need like this," Sherman said. "It all comes from the heart and it feels really good to do something like this."
Brian Szkotak, who is the Second Assistant Chief of the Lake Delta Fire Department was in attendance. Szkotak was recently diagnosed with Prostate Cancer in January and Believe 271 has helped him along his journey.
"This organization has been very supportive to me and my family and has led me on the right path," Szkotak said. "There are no words that can explain how much I appreciate for what they've done for me and my family."
In addition to the Tournament, there was a "Golf Balls From Heaven" that gave people a chance to win prizes with all donations going to help offset medical costs for local volunteer firefighters.
The four honorees include Past Chief Gary Skinner, Lieutenant Mark Shafer, Firefighter Melissa Eaton and Assistant Chief Szkotak.
For more information regarding Believe 271, you can visit their website here.
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https://www.wktv.com/news/believe-271-golf-tournament-in-its-10th-year-continues-mission/article_c58154c8-2ef5-11ee-bec0-7f68e8446237.html
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Updated July 31, 2023 at 4:09 PM ET
Pee-wee Herman, the comic creation of actor/writer Paul Reubens, would often toss taunts of the schoolyard into his casual conversation. It was one of the character's go-to bits.
"Why don't you take a picture? It'll last longer!"
"That's my name! Don't wear it out!"
And, most iconically,
"I know you are, but what am I?"
Of course, when it came to Pee-wee himself, with his tight gray suit, red bow tie, crew cut, rouged cheekbones and ruby-red lips, "What am I?" was the real question – it was the one he posed merely by existing.
Reubens died Sunday of cancer at the age of 70. He was an actor – but for a long time, he tried to convince the public that Pee-wee was a real person, not a character.
Folks didn't know what to make of Reubens' petulant man-child at first. Created in 1977, while Reubens was a member of the Los Angeles sketch troupe The Groundlings, Pee-wee was part prop comic, part brat and part trickster spirit. There was something fearless in Pee-wee, something unapologetic and brash that took you a second to process. The character was very obviously and intentionally what folks used to call a sissy – but how could a sissy own the stage like he did? Bask in the spotlight like he did? How could a sissy so confidently and explicitly dictate the terms for his audience on how to experience him?
The Pee-wee Herman Show at The Groundlings Theatre soon had LA hipsters lining up around the block for a midnight show that mixed puppets and parody with archival educational films – the precise fuel mixture that powered Reubens' later CBS Saturday morning show, Pee-wee's Playhouse.
It was never Peter Pan, what he was doing. Yes, Pee-wee was a boy who never grew up, but he was more than that — he was one singular adult's remembrance of what it was like being a kid. Specifically, of those parts of childhood we pretend not to see in our own children — the narcissism, the selfishness, the utter lack of basic human empathy. The monstrous bits.
In Pee-wee's Big Adventure, it manifested in his hilariously obsessive drive to recover his stolen bike — a quest which would cause him to trample on the feelings of friends like Amazing Larry (Lou Cutell) and Dottie (E.G. Daily). On Pee-wee's Playhouse, it took the form of gleeful admonitions to his viewers to "scream real loud" whenever anyone said the week's secret word. (Spare a thought for the long-suffering parents who'd hoped that sitting their kids in front of the TV would allow them a moment's peace to finish their coffee.) On 1988's magnificent holiday staple Pee-wee's Playhouse Christmas Special, Reubens zeroed in kids' ravenous greed for presents, turning Pee-wee into a monster who only reluctantly sees the light once guilted into it. (Like Scrooge, he's a lot more fun to hang around with before his last-minute epiphany.)
To watch Pee-wee was to re-experience childhood the way we'd forgotten it actually was – pure, concentrated, distilled to its essence, when riding your bike and playing with your toys and screaming real loud was all it took to fill a day. Pee-wee was a creature of impulse, anarchy and id – which is probably why Reubens' frequent appearances on Late Night with David Letterman helped launch him to stardom.
Reubens' silliness worked on a different frequency than Letterman's – Pee-wee was wilder and far less inhibited than Letterman could ever hope to be, and Letterman knew to play up his own tetchy, aggrieved discomfort at Pee-wee's hijinks for comedic effect. The two men vibrated at opposite ends of the comedic spectrum, but they worked together brilliantly. In those interview segments, which quickly devolved into Pee-wee's signature giggles, you laughed at Reubens' ability to take complete control of the experience, and at Letterman's entirely uncharacteristic willingness to give over the reins.
In the coming days, our social media feeds will fill up with a lot of Pee-wee's greatest hits – Large Marge; "Tequila!"; Jambi the Genie; Chairy; Reubens' extended and entirely improvised death scene in the Buffy the Vampire Slayer movie; "I'm a loner, Dot. A rebel."; and, of course, "Come on, Simone. Let's talk about your big 'but.'"
Me, though, I'll be putting on the aforementioned Pee-wee's Playhouse Christmas Special, because it will remind me of one of Reubens' most overlooked talents – his ability to sneak an artisanal blend of fey subversiveness into the mainstream. That special injected a defiantly, yet matter-of-fact, queer sensibility into the CBS primetime airwaves of Reagan's America: The Del Rubio Triplets! Zsa Zsa Gabor! Little Richard! Annette Funicello and Frankie Avalon! KD Lang! Charo! The LA Men's Chorus dressed up as a Marine choir! And, most indelibly, Grace Jones as green Gumby, drag singing a club mix of "The Little Drummer Boy."
Keep your "I meant to do that." Keep your dancing on the biker bar to "Tequila." The image of Reubens that I'll be holding closest to my heart over the next few days is of him rocking out in the background as Jones sings in the glare of the spotlight.
Because I swear you can see, in just the way he holds his body, the mischievous delight he's taking in what he's unleashing on an unsuspecting public: Grace Jones, ladies and gentlemen, delivered unto your living rooms, pulling up to the bumper of your cozy family holiday special, an entirely singular brand of weirdness served up to you hot and fresh, with a high, unselfconscious giggle.
Jennifer Vanasco contributed to earlier versions of this story.
Copyright 2023 NPR. To see more, visit https://www.npr.org.
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Littlefield man sentenced to 20 years for manipulating girl into sending child porn
A 29-year-old Littlefield man, who admitted to tricking an 11-year-old girl into sending him explicit pictures online, buying her a sex toy and sneaking into her bedroom wearing a ski mask, was sentenced Wednesday to 20 years in prison.
Nathan Alexander Garcia faced between five to 20 years in prison after pleading guilty in March to a count of receipt of child pornography.
He appeared before U.S. District Judge James Wesley Hendrix for a sentencing hearing. Probation provided a sentencing guideline of 210 to 240 months in prison.
However, prosecutors and Garcia's defense attorney agreed that a 20 year prison sentence was appropriate in this case.
He was initially indicted on counts of enticement and attempted enticement of a minor, a possession of child pornography involving a prepubescent minor, production of child pornography and receipt of child pornography.
At least one of the charges carries a maximum penalty of life in prison.
As part of his plea deal, the remaining charges were dismissed.
However, Hendrix admitted that the disturbing facts in the case had him considering rejecting the plea deal, saying Garcia's actions were "unthinkable" and "shocking."
Garcia's charges stemmed from an investigation by the Littlefield Police Department that began on April 17, 2022, when the girl's mother told investigators that she discovered that her 11-year-old daughter had been communicating with and exchanging explicit images with a man named Alex.
The next day Garcia, who knew the family, had told the girl's mother that Alex sent the girl a sex toy a few days earlier.
The Avalanche-Journal does not identify victims of sexual abuse.
Garcia told police that he believed Alex lived in Lubbock and had communicated with and exchanged nude photographs with the girl for about five months.
The girl told a forensic interviewer that she was in a relationship with Alex, who was older than her, and that she cared for him. She said the relationship began about four months earlier when Alex messaged her by text.
She said Alex requested explicit images from her and the two exchanged images.
The girl said at one point she met Alex in person, when she told him to leave their front door unlocked and he snuck into her room wearing a ski mask.
She said Alex didn't speak when he visited and they communicated by text the whole time he was there.
Investigators eventually discovered that Alex was Garcia all along.
Garcia admitted to tricking the girl into a relationship with him and asking her for explicit images. A search of his iPad yielded 50 explicit images he received from the girl.
They also found nearly 480 files containing child sexual abuse materials involving other children.
Investigators also learned that Garcia asked the girl to destroy her journal in which she wrote about her relationship with Alex.
Hendrix asked prosecutors for a reason he should accept the plea deal.
Callie Woolam told the court that the agreement weighed heavily on sparing the girl from testifying at a trial. She said the girl was traumatized by Garcia's actions.
"She truly believed she was chatting with someone else," she said.
Woolam said that the plea deal was still a just outcome.
"20 years is still a lengthy sentence," she said.
Garcia's attorney, David Sloan, told the court that his client, who was also a victim of sexual abuse as a child, cooperated with law enforcement when they discovered his crime.
Garcia addressed the court saying there was no excuse for what he did and apologized to the girl and her family, who were not in the courtroom.
Hendrix ultimately agreed that the 20-year sentence was appropriate, but told Garcia that his actions were no less egregious.
"You tricked her, you used her and you manipulated her into complying with your request for your own pleasure," he told Garcia. "She will have to deal with this for the rest of her life. It will never go away. She will never be the same. Ever."
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https://www.lubbockonline.com/story/news/courts/2023/07/31/man-sentenced-to-20-years-for-tricking-girl-into-sending-child-porn/70475070007/
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13% Sequential Revenue Growth Including 10% Organic
Maintains Strong Balance Sheet Post-Acquisitions of Atreus and businessfourzero
CHICAGO, July 31, 2023 /PRNewswire/ -- Today Heidrick & Struggles International, Inc. (Nasdaq: HSII) ("Heidrick & Struggles", "Heidrick" or the "Company") announced financial results for its second quarter ended June 30, 2023.
Second Quarter Highlights:
- Net revenue of $271.2 million increased 13% sequentially, 10% organically
- Operating income of $13.6 million decreased $4.2 million sequentially and operating margin was 5.0%
- Adjusted operating income of $20.8 million increased 17% sequentially and adjusted operating margin was 7.7%
- Adjusted EBITDA of $36.4 million increased 33% sequentially and adjusted EBITDA margin was 13.4%
- Net income was $9.0 million and diluted earnings per share was $0.44; adjusted net income was $15.0 million and adjusted diluted earnings per share was $0.73
"We are very pleased with the second quarter results which included the first full quarter of results from our recent acquisition of Atreus Group ("Atreus") in our On-Demand Talent segment, as well as the results from businessfourzero ("B4Z") in our Heidrick Consulting segment. Even before the positive effects of these acquisitions, each of our lines of business demonstrated organic sequential growth, despite ongoing macro uncertainty and an anticipated return to more normalized levels of business performance. This validates our focus on the steadfast execution of our strategy while maintaining strong profitability," stated Heidrick & Struggles' President and Chief Executive Officer, Krishnan Rajagopalan. "Importantly, the integrations of both our recent acquisitions are progressing smoothly. We are advancing our diversification strategy while continuing to make appropriate investments in our digital capabilities and technologies throughout the company. These initiatives are aimed at providing our clients with the next generation of talent and leadership advisory services, enabling them to achieve higher performance through their leaders and teams in an ever-evolving business landscape."
2023 Second Quarter Results
Consolidated net revenue of $271.2 million compared to record consolidated net revenue of $298.7 million in the 2022 second quarter. Consolidated financial results include the first full quarter of contribution from the Company's recent acquisitions of Atreus and B4Z.
On a sequential basis, 2023 second quarter net revenue increased 13.3% from the 2023 first quarter, 10% of that growth was organic, as the Company experienced growth in Executive Search driven by the Americas and Europe markets, partially offset by a decline in the Asia Pacific market, along with sequential revenue growth in Heidrick Consulting and On-Demand Talent. 2023 second quarter adjusted operating income increased 17.2% and adjusted operating margin increased 30 basis points to 7.7% compared to 7.4% in the 2023 first quarter. Adjusted EBITDA of $36.4 million in the 2023 second quarter increased 33% sequentially and adjusted EBITDA margin increased 190 basis points to 13.4% compared to 11.5% in the 2023 first quarter. 2023 second quarter adjusted net income was $15.0 million compared to $15.6 million in the 2023 first quarter. This generated adjusted diluted earnings per share in the 2023 second quarter of $0.73 compared to $0.76 in the 2023 first quarter.
Executive Search net revenue of $206.8 million compared to net revenue of $253.9 million in the 2022 second quarter reflecting an anticipated market slowdown combined with a return to more normalized operating levels. Excluding the impact of exchange rate fluctuations, which negatively impacted results by 0.3%, or $0.8 million, net revenue decreased 18.2%, or $46.3 million, from the 2022 second quarter. Net revenue decreased 21.3% in the Americas (down 21.2% on a constant currency basis), decreased 5.3% in Europe (down 6.1% on a constant currency basis), and decreased 23.9% in Asia Pacific (down 20.5% on a constant currency basis) when compared to the prior year second quarter. The Social Impact and Industrial practice groups exhibited growth over the prior year.
The Company had 423 Executive Search consultants at June 30, 2023, compared to 388 at June 30, 2022. Productivity, as measured by annualized Executive Search net revenue per consultant, was $1.9 million compared to $2.6 million in the 2022 second quarter, reflecting a higher number of consultants combined with lower revenue. Average revenue per executive search was approximately $143,000 compared to $153,000 in the prior year period. The number of search confirmations decreased 12.7% compared to the year-ago period.
On-Demand Talent net revenue of $39.2 million, an increase of 75.5% compared to net revenue of $22.4 million in the 2022 second quarter, primarily due to the acquisition of Atreus, partially offset by a decrease in the volume of legacy on-demand projects.
Heidrick Consulting net revenue of $25.2 million compared to net revenue of $22.4 million in the 2022 second quarter. The Company had 89 Heidrick Consulting consultants at June 30, 2023, compared to 66 at June 30, 2022.
Consolidated salaries and benefits decreased $28.8 million, or 13.9%, to $178.9 million compared to $207.7 million in the 2022 second quarter. Year-over-year, fixed compensation expense increased $18.8 million due to base salaries and payroll taxes, the deferred compensation plan, reorganization, and retirement and benefits, as well as the acquisitions of Atreus and B4Z, partially offset by a decrease in stock compensation. Variable compensation decreased $47.6 million due to lower bonus accruals related to decreased consultant productivity. Salaries and benefits expense was 66.0% of net revenue for the quarter compared to 69.5% in the 2022 second quarter.
General and administrative expenses increased $5.3 million, or 15.1%, to $40.5 million compared to $35.2 million in the 2022 second quarter. The increase was due to intangible amortization and accretion, office occupancy, IT, and taxes and licenses, partially offset by a decrease in business development travel. As a percentage of net revenue, general and administrative expenses were 14.9% for the 2023 second quarter compared to 11.8% in the 2022 second quarter.
The Company's cost of services was $25.3 million, or 9.3% of net revenue for the quarter, compared to $17.4 million, or 5.8% of net revenue in the 2022 second quarter. This related to an increase in the volume of On-Demand Talent projects driven by the acquisition of Atreus.
The Company's research and development expenses were $5.7 million, or 2.1%, of net revenue for the quarter compared to $4.5 million, or 1.5%, of net revenue for the second quarter 2022.
In the 2023 second quarter, the Company recorded a non-cash goodwill impairment charge of $7.2 million associated with the Company's Heidrick Consulting segment. In the 2022 fourth quarter, the Company conducted its most recent annual goodwill impairment evaluation, which indicated that the carrying value of the Heidrick Consulting reporting unit was less than its fair value. During the 2023 second quarter, the Company acquired B4Z and recorded approximately $7.1 million of goodwill in the Heidrick Consulting reporting unit. Due to the inclusion of goodwill in a reporting unit with a pre-existing fair value shortfall, the Company identified a triggering event and performed an interim goodwill impairment evaluation during the 2023 second quarter, which resulted in the impairment of the recently acquired B4Z goodwill.
Including the previously mentioned non-cash impairment charge, operating income was $13.6 million for the quarter compared to $33.9 million in the 2022 second quarter. Operating income margin was 5.0% versus 11.3% in the 2022 second quarter. Excluding the non-cash impairment charge, adjusted operating income in the 2023 second quarter was $20.8 million and adjusted operating margin was 7.7%.
Adjusted EBITDA was $36.4 million compared to $36.8 million in the 2022 second quarter. Adjusted EBITDA margin was 13.4%, compared to 12.3% in the 2022 second quarter. In Executive Search, adjusted EBITDA was $53.9 million compared to $52.3 million in the prior year period. In On-Demand Talent, adjusted EBITDA was $2.6 million versus $0.6 million in the prior year period. In Heidrick Consulting, adjusted EBITDA was a loss of $1.6 million compared to a loss of $0.1 million in the prior year period.
Net income was $9.0 million and diluted earnings per share was $0.44, with an effective tax rate of 46.8%. This compares to net income of $24.1 million and diluted earnings per share of $1.19, with an effective tax rate of 30.9% in the 2022 second quarter. Excluding the non-cash impairment charge recorded in the 2023 second quarter, adjusted net income was $15.0 million and adjusted diluted earnings per share was $0.73, with an adjusted effective tax rate of 37.7%.
Net cash provided by operating activities was $46.9 million, compared to $82.7 million in the 2022 second quarter. Cash, cash equivalents and marketable securities at June 30, 2023 was $239.0 million compared to $336.6 million at June 30, 2022 and $621.6 million at December 31, 2022. The Company's cash position typically builds throughout the year as employee bonuses are accrued, mostly to be paid out in the first half of the year.
2023 Six Months Results
For the six months ended June 30, 2023, consolidated net revenue was $510.5 million compared to $582.6 million in the first six months of 2022. Excluding the impact of exchange rate fluctuations, which negatively impacted results by 1.0%, or $6.1 million, consolidated net revenue decreased 11.3%, or $65.9 million, compared to the prior year period.
Executive Search net revenue in the first six months of 2023 decreased 20.0%, or $99.2 million, to $397.3 million from $496.5 million in the first six months of 2022. Excluding the impact of exchange rate fluctuations, which negatively impacted results by 1.0%, or $5.1 million, net revenue decreased 19.0%, or $94.1 million. Net revenue decreased 21.5% in the Americas (decreased 21.3% on a constant currency basis), decreased 13.7% in Europe (decreased 11.3% on a constant currency basis), and decreased 21.9% in Asia Pacific (decreased 18.0% on a constant currency basis). Only the Social Impact and Industrial practice groups exhibited growth over the prior year. Productivity was $1.9 million for the first six months of 2023 compared to $2.6 million in the first six months of 2022. The average revenue per executive search was $133,000 in the first six months of 2023 compared to $137,000 the same period in 2022, while search confirmations decreased 17.6%.
On-Demand Talent net revenue in the first six months of 2023 was $70.4 million compared to $45.7 million in the same period of 2022. The increase in net revenue was primarily driven by the acquisition of Atreus, as well as an increase in the volume of legacy on-demand projects.
Heidrick Consulting net revenue in the first six months of 2023 increased 6.3%, or $2.5 million, to $42.9 million from $40.4 million in the first six months of 2022. Excluding the impact of exchange rate fluctuations, which negatively impacted results by 2.0%, or $0.8 million, Heidrick Consulting revenue increased 8.3%, or $3.3 million, compared to the prior year period.
Operating income for the first six months of 2023 was $31.4 million compared to operating income of $64.1 million in the same period of 2022. The operating income margin was 6.1% compared to 11.0% in the first six months of 2022. Excluding the non-cash impairment charge recorded in the 2023 year-to-date period, adjusted operating income was $38.6 million and adjusted operating income margin was 7.6%.
Adjusted EBITDA for the first six months of 2023 was $63.8 million and adjusted EBITDA margin was 12.5%, compared to adjusted EBITDA of $72.5 million and adjusted EBITDA margin of 12.4% for the same period in 2022. In Executive Search, adjusted EBITDA was $102.3 million compared to $104.2 million in the prior year period. In On-Demand Talent, adjusted EBITDA was $1.2 million versus $0.9 million in the prior year period. In Heidrick Consulting, adjusted EBITDA was a loss of $4.3 million compared to a loss of $1.9 million in the prior year period.
Net income for the first six months of 2023 was $24.6 million and diluted earnings per share was $1.19, with an effective tax rate of 38.1%. This compares to net income of $42.6 million and diluted earnings per share of $2.08, with an effective tax rate of 32.2%, in the first six months of 2022. Excluding the restructuring charge recorded in the 2023 year-to-date period, adjusted net income was $30.6 million and adjusted diluted earnings per share was $1.48 with an adjusted effective tax rate of 34.8%.
Dividend
The Board of Directors declared a 2023 second quarter cash dividend of $0.15 per share payable on August 25, 2023, to shareholders of record at the close of business on August 11, 2023.
2023 Third Quarter Outlook
The Company expects 2023 third quarter consolidated net revenue of between $245 million and $265 million, which reflects typical summer seasonality, while acknowledging that continued fluidity in external factors, such as the foreign exchange and interest rate environments, foreign conflicts, inflation and macroeconomic constraints on pricing actions, may impact quarterly results. In addition, this outlook is based on the average currency rates in June 2023 and reflects, among other factors, management's assumptions for the anticipated volume of new Executive Search confirmations, On-Demand Talent projects, and Heidrick Consulting assignments, consultant productivity, consultant retention, and the seasonality of the business along with the current backlog.
Quarterly Webcast and Conference Call
Heidrick & Struggles will host a conference call to review its second quarter results today, July 31, 2023 at 5:00 pm Eastern Time. Participants may access the Company's call and supporting slides through its website at www.heidrick.com or by dialing (888) 440-4091 or (646) 960-0846, conference ID# 6106012. For those unable to participate on the live call, a webcast and copy of the slides will be archived at www.heidrick.com and available for up to 30 days following the investor call.
About Heidrick & Struggles International, Inc.
Heidrick & Struggles (Nasdaq: HSII) is a premier provider of global leadership advisory and on-demand talent solutions, serving the senior-level talent and consulting needs of the world's top organizations. In our role as trusted leadership advisors, we partner with our clients to develop future-ready leaders and organizations, bringing together our services and offerings in executive search, diversity and inclusion, leadership assessment and development, organization and team acceleration, culture shaping and on-demand, independent talent solutions. Heidrick & Struggles pioneered the profession of executive search more than 65 years ago. Today, the firm provides integrated talent and human capital solutions to help our clients change the world, one leadership team at a time. ® www.heidrick.com
Non-GAAP Financial Measures
To supplement the financial results presented in accordance with generally accepted accounting principles in the United States ("GAAP"), Heidrick & Struggles presents certain non-GAAP financial measures. A "non-GAAP financial measure" is defined as a numerical measure of a company's financial performance that excludes or includes amounts different than the most directly comparable measure calculated and presented in accordance with GAAP in the statements of comprehensive income, balance sheets or statements of cash flow of the Company.
Non-GAAP financial measures used within this earnings release are adjusted operating income, adjusted operating income margin, adjusted net income, adjusted diluted earnings per share, adjusted effective tax rate, adjusted EBITDA, adjusted EBITDA margin, and consolidated net revenue excluding the impact of exchange rate fluctuations. These measures are presented because management uses this information to monitor and evaluate financial results and trends. Management believes this information is also useful for investors to evaluate the comparability of financial information presented. Reconciliations of these non-GAAP financial measures to the most directly comparable measures calculated and presented in accordance with GAAP are provided as schedules attached to this release.
Adjusted operating income reflects the exclusion of goodwill impairment.
Adjusted operating income margin refers to adjusted operating income as a percentage of net revenue in the same period.
Adjusted net income and adjusted diluted earnings per share reflect the exclusion of goodwill impairment, net of tax.
Adjusted effective tax rate reflects the exclusion of goodwill impairment, net of tax.
Adjusted EBITDA refers to earnings before interest, taxes, depreciation, intangible amortization, equity-settled stock compensation expense, earnout accretion, earnout obligation adjustments, contingent compensation related to acquisitions, deferred compensation plan income and expense, reorganization costs, impairment charges, restructuring charges, and other non-operating income (expense).
Adjusted EBITDA margin refers to adjusted EBITDA as a percentage of net revenue in the same period.
The Company evaluates its results of operations on both an as reported and a constant currency basis. The constant currency presentation is a non-GAAP financial measure, which excludes the impact of fluctuations in foreign currency exchange rates. The Company believes providing constant currency information provides valuable supplemental information regarding its results of operations, consistent with how it evaluates its performance. The Company calculates constant currency percentages by converting its financial results in a local currency for a period using the average exchange rate for the prior period to which it is comparing. This calculation may differ from similarly titled measures used by other companies.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding guidance for the third quarter of 2023. The forward-looking statements are based on current expectations, estimates, forecasts, and projections about the industry in which we operate and management's beliefs and assumptions. Forward-looking statements may be identified by the use of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "outlook," "projects," "forecasts," "aim" and similar expressions. Forward-looking statements are not guarantees of future performance, rely on a number of assumptions, and involve certain known and unknown risks and uncertainties that are difficult to predict, many of which are beyond our control. Factors that may cause actual outcomes and results to differ materially from what is expressed, forecasted, or implied in the forward-looking statements include, among other things, our ability to attract, integrate, develop, manage and retain qualified consultants and senior leaders; our ability to prevent our consultants from taking our clients with them to another firm; our ability to maintain our professional reputation and brand name; our clients' ability to restrict us from recruiting their employees; our heavy reliance on information management systems; risks arising from our implementation of new technology and intellectual property to deliver new products and services to our clients; our dependence on third parties for the execution of certain critical functions; the fact that we face the risk of liability in the services we perform; the fact that data security, data privacy and data protection laws and other evolving regulations and cross-border data transfer restrictions may limit the use of our services and adversely affect our business; any challenges to the classification of our on-demand talent as independent contractors; the increased cybersecurity requirements, vulnerabilities, threats and more sophisticated and targeted cyber-related attacks that could pose a risk to our systems, networks, solutions, services and data; the impacts, direct and indirect, of the COVID-19 pandemic (including the emergence of variant strains) or other highly infectious or contagious disease on our business, our consultants and employees, and the overall economy; the aggressive competition we face; the fact that our net revenue may be affected by adverse economic conditions including inflation, the impact of foreign currency exchange rate fluctuations; our ability to access additional credit; social, political, regulatory, legal and economic risks in markets where we operate, including the impact of the ongoing war in Ukraine and the risks of an expansion or escalation of that conflict; unfavorable tax law changes and tax authority rulings; the timing of the establishment or reversal of valuation allowance on deferred tax assets; the fact that we may not be able to align our cost structure with net revenue; any impairment of our goodwill, other intangible assets and other long-lived assets; our ability to execute and integrate future acquisitions; and the fact that we have anti-takeover provisions that could make an acquisition of us difficult and expensive. We caution the reader that the list of factors may not be exhaustive. For more information on these risks, uncertainties and other factors, refer to our Annual Report on Form 10-K for the year ended December 31, 2022, under the heading "Risk Factors" in Item 1A, as updated in Part II of our subsequent Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Investors & Analysts:
Suzanne Rosenberg, Vice President, Investor Relations
srosenberg@heidrick.com
Media:
Nina Chang, Vice President, Corporate Communications
nchang@heidrick.com
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SOURCE Heidrick & Struggles International, Inc.
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‘I’ll be able to walk again’: 6-year-old shot in road rage incident confident about her future
LOUISVILLE, Ky. (WAVE/Gray News) – A 6-year-old’s life may be changed forever after she was shot in the back during a road rage incident on July 10, but that’s not crushing the young girl’s spirit.
Onyx, 6, was in the car with her family when a road rage incident with a group of motorcyclists in Kentucky led to a shooting.
A bullet went through the girl’s back and she had to have emergency surgery.
Onyx has been recovering since and may never walk again. Being in a wheelchair is her new reality.
“I really liked going through the hallways to test it out,” Onyx said, talking about her wheelchair. “I wanted to do it again and then I did.”
The 6-year-old who just wants to dance and play is finding comfort in doing donuts in her wheelchair.
Onyx said she remembers leaving the park on July 10, getting in the car and the moment when she was shot.
“I remember getting carried into the hospital,” she recalled.
Those chain of events left Onyx’s mother, Chyna Sands, with the task of telling her daughter her new reality.
Sands said she told Onyx the bullet severed her back and she can’t use her legs like she used to – a conversation that is still setting in for the young girl.
She’s had to explain to Onyx that she must be in a wheelchair because she can’t walk.
But Onyx didn’t let this get her down too much. She said she is tired of people saying what she can’t do. To her, she has no doubt about what the future holds.
“I’ll be able to walk again, I know I will,” Onyx said with confidence. “I believe that I will be able to walk again.”
That mindset is what Sands says keeps her going.
As of right now, no one has been charged for the shooting which keeps Sands on edge.
“They want me to be patient, but I am out of patience,” Sands said. “I would like to see justice for an innocent 6-year-old who was minding her own business.”
While those responsible are out free, small things like getting into a car are now triggers of trauma.
“Because I got shot in the back, and I’m a little bit scared to get in the car because it brings back the memories,” Onyx said.
Hearing Onyx say that is a hard pill to swallow for a mother that loves to travel everywhere with her daughter.
“As her mom, I’m used to being her superhero,” Sands said. “I fix all of her problems and that’s something that I can’t fix.”
Copyright 2023 WAVE via Gray Media Group, Inc. All rights reserved.
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SEMINOLE COUNTY, Fla. — The Florida Health Department is alerting residents and visitors of toxic blue-green algae found in a Seminole County Lake.
>>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<<
The alert is in response to a water sample taken at Lake Jesup on July 26.
Read: Small plane makes emergency landing in Palm Bay field
Health officials said people should take extra precautions due to the danger of the toxic waters that may impact their health, including the following:
-Do not drink, swim, wade, or use personal watercraft, water skis, or boats in waters where there is a visible bloom.
-Wash your skin and clothing with soap and water if you have contact with algae or discolored or smelly water.
- Keep pets away from the area. Waters where there are algae blooms, are not safe for animals. Pets and livestock should have a different source of water when algae blooms are present.
Read: Idaho mom Lori Vallow Daybell sentenced in deaths of 2 children and her romantic rival
·-Do not cook or clean dishes with water contaminated by algae blooms. Boiling the water will not eliminate the toxins.
·-Eating fillets from healthy fish caught in freshwater lakes experiencing blooms is safe. Rinse fish fillets with tap or bottled water, throw out the guts, and cook fish well.
- Do not eat shellfish in waters with algae blooms.
Read: Powerful thunderstorms could bring damaging winds & some flooding to metro Orlando
Blue-green algae blooms can impact human health and ecosystems, including fish and other aquatic animals.
Some environmental factors that contribute to blue-green algae blooms are sunny days, warm water temperatures, still water conditions, and excess nutrients.
Blooms can appear year-round but are more frequent in summer.
Many types of blue-green algae can produce toxins.
For more information, click here:
Click here to download the free WFTV news and weather apps, click here to download the WFTV Now app for your smart TV and click here to stream Channel 9 Eyewitness News live.
©2023 Cox Media Group
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NEW YORK, July 31, 2023 /PRNewswire/ -- Debevoise & Plimpton LLP announced today the release of its 2023 Private Equity Midyear Outlook, a helpful summary of the various forces shaping the industry and the strategies market participants are using during this dynamic time.
At the beginning of the year, we noted in our Private Equity Report: 2023 Outlook the considerable macroeconomic and geopolitical challenges facing private equity. As we pass the year's midpoint, those challenges continue to hang over the private equity industry like a stalled weather system, refusing to dissipate, as existing obstacles have solidified and new hurdles have emerged. While the crisis around the collapse of Silicon Valley Bank, First Republic Bank and Signature Bank was not protracted, it nonetheless compounded an already difficult liquidity environment. Fundraising remains highly competitive. The polarization around ESG in the United States has intensified, resulting in a patchwork of wildly different state legislation. The SEC continues to take aim at private fund practices, while in the EU, new regulations stand to complicate both fundraising and the M&A landscape. In this environment, caution rules the day for both sponsors and investors.
And yet, with creativity and persistence, deals are getting done. Lenders are adjusting their balance sheet exposures. Direct lending and co-investments, as well as innovative deal structures, help to fill the financing gaps caused by the pull-back in syndicated debt financings. Brand-name funds are weathering fundraising headwinds by offering incentives and flexibility with terms, while first-time managers are building track records by raising capital deal-by-deal. And through it all, bright spots have begun to appear. The U.S. IPO market is showing early signs of thawing. In Latin America, proactive monetary policy, the move toward nearshoring and a spate of welcomed governmental reforms give reason for optimism. And while investors continue their caution regarding China, other Asian markets such as Japan, Australia and India are showing healthy levels of activity.
The full report is available here.
About the Debevoise Private Equity Group
Debevoise is a trusted partner and legal advisor to a majority of the world's largest private equity firms, and has been a market leader in the Private Equity industry for over 40 years. The firm's Private Equity Group brings together the diverse skills and capabilities of more than 400 lawyers around the world from a multitude of practice areas, working together to advise our clients across the entire private equity life cycle. The Group's strong track record, leading-edge insights, deep bench and commitment to unified, agile teams are why, year after year, clients quoted in Chambers Global, Chambers USA, The Legal 500 and PEI cite Debevoise for our close-knit partnership, breadth of resources and relentless focus on results.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients' most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.
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SOURCE Debevoise & Plimpton LLP
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After our monthly breakfast, one of our 31 members brought up a subject that caught us by surprise. It seems the State Motor Vehicle Division (MVD) no longer sends out notices for license tab renewals. He happened to look down at his vehicle license plate and saw that his license tab was expired (March 2023). He immediately contacted MVD on South Broadmont Drive and was notified that it is the car owner's responsibility to keep their license tab up to date. He renewed his license tab in addition to paying a fine for being late. The clerk attending to him said the same thing happened to her. Several of our members reported they too were past due on their tabs and didn't recall being sent renewal notices. Our question is did MVD ever send out a notice via any newspaper or public media source to inform the general public of this policy change? Why is there a late fee if no notice was issued regarding the policy change?
David Quiroz
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Northeast side
Disclaimer: As submitted to the Arizona Daily Star.
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SAUQUOIT, N.Y. -- Multiple fire departments are on scene of a house fire at 9315 Paris Hill Rd.
The fire was called in just before 11:00 Sunday evening.
This is a developing story; updates will be posted as they become available.
Seven people are being assisted by the Red Cross and one firefighter was injured in a fire Saturday night on James Street in Utica.
A late-night fire on Thursday in Annsville destroys a home on Glenmore Road.
Oneonta fire investigators along with State fire investigators are looking into the cause of an early morning fire at a garden center.
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This article was written by a human.
That's worth mentioning because it's no longer something you can just assume. Artificial intelligence that can mimic conversation, whether written or spoken, has been in the news a lot this year, delighting some members of the public while worrying educators, politicians, the World Health Organization, and even some of the people developing AI technology.
Misuse of AI is part of what actors and writers are striking about in Hollywood, and the threat of AI is something Hollywood was imagining long before it was real.
In 1968, for instance, the year before humans first set foot on the moon — and a time when astronauts still used pencils and slide rules to calculate re-entry trajectories because their space capsules had less computing power than a digital watch has today — Stanley Kubrick introduced movie audiences to a sentient HAL-9000 computer in 2001: A Space Odyssey.
HAL (for Heuristically Programmed Algorithmic Computer) introduced itself early in the film by saying, "No 9000 computer has ever made a mistake or distorted information. We are all, by any practical definition of the words, foolproof and incapable of error."
'Open the pod bay door, HAL'
So why was HAL acting so strangely? He (it?) was responsible for maintaining all aspects of a months-long space flight, ferrying astronauts to the moons of Jupiter. Programmed to run the mission flawlessly, the computer's behavior had become alarming, and two of the astronauts had decided to shut down some of its functions. Their plan was short-circuited when HAL, lip-reading a conversation they'd managed to keep him from hearing, cast one of them adrift while he was outside the ship repairing an antenna and refused to let the other back on board.
"Open the pod bay door, HAL" became one of the most quoted film lines of the decade when the computer responded, "I'm sorry, Dave, I'm afraid I can't do that. This mission is too important for me to allow you to jeopardize it."
It's hard to articulate what a genuine shock this was for 1960s movie audiences. There'd been films with, say, robots causing havoc, but they were generally robots doing someone else's bidding. Movie robots, at that point, were about brawn, not brain.
And anyway, malevolent robot stories were precisely the sort of B-movie silliness Kubrick was trying to avoid. So his intelligent machine simply observed (with an unblinking red eye) and, when addressed directly, spoke with a calm, modulated voice, not unlike the one that would be adopted four decades later by Siri and Alexa.
Darwin Among the Machines
Earlier literary notions of "artificial" intelligence — and there were not a lot of them at that point — hadn't really caught the public's imagination. Samuel Butler's 1863 article Darwin Among the Machines, is generally thought to be the origin of this species of writing, and it mostly just notes that while humankind invented machines to assist us — and remember, a really sophisticated machine in 1863 was the steam locomotive — we were increasingly assisting them: tending, fueling, repairing.
Over tens of thousands of years, Butler wondered, might humans not evolve in much the same way Darwin's study of natural selection had just established the rest of the plant and animal kingdoms do, to the point that we would become dependent on our devices?
But even when he incorporated that idea a decade later into a satirical novel called Erewhon, expounding for several chapters on self-replicating machines, Butler barely touched on the notion that those machines would develop consciousness. And neither did the influential 19th-century science fiction writers who followed him. H.G. Wells and Jules Verne invented plenty of unorthodox devices as they sent characters to the center of the Earth, and into space and the recesses of time, without ever considering that those devices might want to do things on their own.
The term "artificial intelligence" wasn't even coined (by American computer scientist John McCarthy) until about a dozen years before Kubrick made his Space Odyssey. But HAL made an impression on the public where scientists had not. Within just a couple of years, movie computers didn't just want spaceship domination; in Colossus: The Forbin Project (1970), they wanted to take over the world.
Malignant machines gone viral
And then this notion of technology-run-wild, ran wild. A high school student played by Matthew Broderick nearly started World War III in WarGames (1983) when he thought he was hacking a computer company's website but accidentally challenged the Pentagon's defense network to a quick game of "global thermonuclear war." The problem, it soon became clear, was that no one told the defense network they were just "playing."
Elsewhere, mechanical men stopped being all-brawn and got a new dispensation to think for themselves, something fiction had granted them before Hollywood got around to it.
In the 1940s, sci-fi novelist Isaac Asimov came up with "Three Laws of Robotics" that would theoretically keep "independent" machines in line. When Asimov's story I, Robot, was turned into a film a half-century or so later, those laws should have reassured Will Smith as he stared down thousands of bots. But he had good reason to be skeptical; he was fighting a robot rebellion.
The Terminator movies effectively put all these themes on steroids — cyborgs in the service of a computerized, sentient, civil-defense network called Skynet, designed to function without any human input. A "Nuclear Fire" and three billion human deaths later, what was left of humanity was engaged in a war against the machines that has so far consumed six films, a TV series, a pair of web series, and innumerable games.
And nuclear blasts weren't necessary to make machine intelligence alarming, a fact cyberpunk-noir established definitively in Blade Runner with its "replicants," and in a Matrix series that reduced all of humanity to a mere power source for machines.
Hollywood's still fighting that vision. Who knows what "The Entity" wants in Mission Impossible: Dead Reckoning (presumably we'll find out next year in Part Two), but whatever it is, it won't bode well for humanity.
Hollywood concentrates on exploiting our fears — in the late 20th century, we worried about ceding control to technology. In the 21st century, we worry about losing control of technology.
It seems not to have occurred to Tinseltown that AI might do the things it's actually doing — make social media dangerous, or make undergrad writing courses unteachable, or screw up relationships by auto-completing incorrectly. None of those are terribly cinematic, so Hollywood concentrates on exploiting our fears — in the late 20th century, we worried about ceding control to technology. In the 21st century, we worry about losing control of technology.
Bring on the droids
Have there also been friendlier film visions of AI? Sure. George Lucas came up with lovable droids R2-D2 and C-3PO for Star Wars, and Pixar gave us Wall-E, a bot who was pluckily determined to clean up an entire planet we'd despoiled.
Spike Jonze's drama Her imagined a sentient, Siri-like personal assistant as a digital girlfriend. Star Trek's Data was not just a Next Generation android version of Mr. Spock, but also a sort of emotion-challenged Pinocchio.
And another Pinocchio — this one fashioned to stand the test of time — would have been Stanley Kubrick's own answer to the question he'd posed with HAL in 1968.
Kubrick labored for decades to hone the script for A.I. Artificial Intelligence, then just two years before he died, handed the project off to Steven Spielberg — the story of David, a robot child who has been programmed to love, and who ends up going beyond that programming.
"Until you were born," William Hurt's Professor Hobby told the bionic child he'd modeled on his own son, "robots didn't dream, robots didn't desire unless we told them what to want." The miracle, he went on, was that though David was engineered rather than born, he shared with humans "the ability to chase down our dreams...something no machine has ever done, until you."
That may not have been enough to make David a real boy, but it put a gentle face on what is perhaps our greatest fear about AI – that we are mortal, and it is not.
In the film, David outlives all of humanity, never growing up, never changing. And perhaps because he was played by Haley Joel Osment, or perhaps because Spielberg was calling the shots, or perhaps because the music swelled ... just so — it didn't feel the least bit threatening.
Copyright 2023 NPR. To see more, visit https://www.npr.org.
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Propelled by a rocket-fueled lineup that mixes star signings Corey Seager and Marcus Semien with younger ignitors such as Josh Jung, the Texas Rangers have been holding down first place in the AL West since April 9 and have led the stalking Houston Astros by as many as 6.5 games. But even after a massive offseason overhaul of the starting rotation, GM Chris Young has been spending the days leading up to the midnight hour that is Tuesday's MLB trade deadline pursuing more, more, more.
Specifically, more pitching. After acquiring Jacob deGrom, Nathan Eovaldi, Andrew Heaney and Jake Odorizzi and re-signing Martín Pérez over the winter, the Rangers have now added Max Scherzer and Jordan Montgomery in trades. That brings the count, if you weren't keeping track, to seven veteran starting pitchers added or retained since the end of the 2022 season. And incredibly, the Rangers' ethos of pitching abundance is necessary. They might even need more.
That’s the Astros effect.
As Young and manager Bruce Bochy knew coming into the season — and even after they leapt out to the pole position — stealing the division from the defending World Series champs and perennial contenders was never going to be easy. That explains Texas' heavy spending on a lacking starting rotation in the offseason and why they're aggressively retooling it now as one of the deadline's most obvious buyers.
Entering Monday, the Astros have closed the AL West gap — which reached its 6.5-game apex on June 23 — to just one game. Playoff odds from FanGraphs and Baseball Prospectus chart the Astros, not the Rangers, as the favorites to win the division and seize one of the byes into the ALDS.
If Young and Bochy had their druthers, they would be lining up deGrom, Eovaldi and Jon Gray for the stretch run, which includes a three-game showdown with the Astros in Arlington in early September. But that vision went out the window a while ago. With deGrom out for the season after elbow surgery and Eovaldi at least temporarily on the injured list due to elbow issues that sapped his velocity, the Rangers are assembling a trade-deadline backup plan to buttress the offseason master plan.
They certainly hope Eovaldi — whose ace turn was a big reason for the Rangers' first-half surge — returns soon, but for now, Scherzer and Montgomery will step in atop a rotation that needs to stabilize if Texas is going to take advantage of a fully loaded lineup. The pitching has not been holding up its end of the bargain recently. The Rangers staff ranks eighth-worst by park-adjusted ERA- since June 1 and third-worst since June 23, the peak of their AL West dominance. Figuring out exactly how to apportion the incoming help — which includes earlier bullpen acquisition Aroldis Chapman and reliever Chris Stratton from the Montgomery deal — will be crucial.
Scherzer, taking flight from Queens amid the New York Mets' retrenchment, will reunite with pitching coach Mike Maddux after working with him in Washington and aim to find a consistent form that keeps him productive despite the pains of aging. Montgomery, meanwhile, has been a beacon of consistency, despite moving for the second straight trade deadline. Since the start of 2022, when he was with the New York Yankees, the 30-year-old lefty has a 3.46 ERA (good for a 117 ERA+) in 299 1/3 innings.
Pretty much everyone on the Texas staff is contributing to the recent stumbles, but Pérez (7.13 ERA since June 23) and Andrew Heaney (6.21 ERA in that time) have been particularly vulnerable to damaging home runs. One or both are likely to find themselves moving to the bullpen as Scherzer and Montgomery slot into the rotation, but this could be the start of a shuffle of competence. Dane Dunning, the 28-year-old righty-hander who has filled in admirably in deGrom’s absence, boasts a 3.28 ERA, but worrisome underlying numbers (such as a 15.5% strikeout rate) point to overperformance that might give way to something more like his 4.87 xERA or 4.26 FIP.
Scherzer has struggled with home runs himself. The 39-year-old has allowed 23 in 19 starts this season and might benefit from working in shorter bursts. His performance in the middle innings, by ERA (6.25) or wOBA allowed (.398), is bottom-five among qualified starters.
Montgomery, who will hit free agency at season’s end, has been steadier, even if he doesn’t come with Scherzer’s ceiling or pedigree. He has given up only 0.74 homers per nine innings and sports a 2.37 ERA since the beginning of June, despite the generalized chaos that was unfolding around him in St. Louis.
Scherzer, Montgomery and any other pre-deadline additions are walking into a high-stakes race. With the Los Angeles Angels' decision to add around Shohei Ohtani and the Seattle Mariners not yet moving in any direction, the AL West might be doling out some of the league's toughest schedules the rest of the way.
And, of course, the Astros loom. Buoyed by All-Star Kyle Tucker and breakout outfielder Chas McCormick, Houston made up much of the ground in the division without thumpers Jose Altuve and Yordan Alvarez, who recently returned from injuries. Now, the Astros earn projection systems’ benefit of the doubt by putting all those pieces together, along with José Abreu, who has rebounded from a brutal start to bat .282/.324/.473 the past two months.
Houston has pitching depth questions of its own, following injuries to Luis Garcia, Lance McCullers Jr. and Jose Urquidy, but it can point to a track record of developing solutions.
For now, the Rangers have decided their best tact is to buy solutions, with cash and with prospects. This lineup — best in the AL and second overall to the Atlanta Braves, by wRC+ — is World Series-level good. All the days spent in first, though, don't guarantee the Rangers passage to October glory or even to the playoffs. With the super-competent Astros and super-motivated Angels charging hard, the Rangers will need all the arms they can get to power this season to an ending as satisfying as its early trajectory.
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Jury poised to deliberate death penalty or life sentence for gunman in Pittsburgh synagogue massacre
PITTSBURGH (AP) — A jury is set to deliberate whether to impose the death penalty or a sentence of life in prison without parole on a man who spewed antisemitic hate before fatally shooting 11 worshippers at a synagogue in the heart of Pittsburgh’s Jewish community.
The same jurors who convicted 50-year-old Robert Bowers in June on 63 criminal counts listened to closing arguments Monday in the penalty phase of his federal trial, held nearly five years after the truck driver from suburban Baldwin perpetrated the deadliest attack on Jews in U.S. history.
Bowers defiled a place of worship when he entered the Tree of Life synagogue on Oct. 27, 2018, and opened fire with an AR-15 rifle, shooting everyone he could find in a mass murder clearly motivated by religious hatred, said U.S. Attorney Eric Olshan.
Bowers raved incessantly on social media about his hatred of Jewish people — using a slur for Jewish people some 400 times on a social media platform favored by the far right — and remains proud that he killed Jews, the prosecutor reminded jurors,
“Do not be numb to it. Remember what it means. This defendant targeted people solely because of the faith that they chose,” Olshan said.
He added: “This is a case that calls for the most severe punishment under the law: the death penalty.”
Bowers’ lead defense attorney, Judy Clarke, acknowledged the horror of his crimes but urged jurors to opt for a life sentence.
“What has happened cannot be undone. We can’t rewind the clock and make it that this senseless crime never happened. All we can do is make the right decision going forward. We are asking you to make the right decision, and that is life,” Clarke said in her closing argument.
A life sentence would mean that “prison is where Mr. Bowers will die in obscurity, not as a hero and not as a martyr,” she said.
Bowers’ attorneys have argued that he has schizophrenia, a serious brain disorder whose symptoms include delusions and hallucinations, and that Bowers attacked the synagogue out of a delusional belief that Jews were helping to bring about a genocide of white people by coming to the aid of refugees and immigrants. Clarke recounted Bowers’ history of psychiatric hospitalizations, including an extended stay in a residential juvenile mental health program.
The defense also presented evidence of Bowers’ difficult childhood.
Olshan disputed the defense experts’ diagnosis of schizophrenia, asserting that Bowers was not suffering psychosis but had chosen to believe white supremacist rhetoric. And while acknowledging that Bowers was a depressed, neglected child, Olshan downplayed the significance of it, noting that Bowers had held jobs, paid bills, and was an otherwise functioning adult.
“He was not a child, he was a grown man. He was responsible for his actions, not his family and things that happened decades earlier. He was, he is responsible for his actions,” Olshan said.
In order to impose death, jurors must find that aggravating circumstances, which make the crime especially heinous, outweigh mitigating factors that could be seen as diminishing his culpability. Those aggravating circumstances could include the vulnerability of Bowers’ elderly and disabled victims and his targeting of Jewish people.
Olshan played a composite of 911 calls made from inside the synagogue, including audio of people being shot and a survivor’s horrified screams.
He said Bowers had taken “11 people, 11 full lives, 11 people who loved their families, 11 people who loved their friends, 11 people who were loved. ... How do you measure the impact of all of that loss?”
The prosecutor spoke about 75-year-old Joyce Fienberg’s care for her family and 65-year-old Richard Gottfried’s devotion to his faith. He said Dr. Jerry Rabinowitz, 66, had the ethos of a country doctor: “He loved delivering babies but he never delivered judgment.” David Rosenthal, 54, and Cecil Rosenthal, 59, intellectually disabled brothers, “loved life,” Olshan said. “But maybe more than anything, they loved Tree of Life.”
The other deceased victims were Rose Mallinger, 97; Bernice Simon, 84, and her husband, Sylvan Simon, 86; Dan Stein, 71; Melvin Wax, 87; and Irving Younger, 69.
The attack also wounded seven people, including five responding police officers. Bowers was shot three times before surrendering when he ran out of ammunition.
___
Rubinkam reported from northeastern Pennsylvania.
Copyright 2023 The Associated Press. All rights reserved.
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Published: Jul. 31, 2023 at 3:15 PM CDT|Updated: 19 minutes ago
Second Quarter Highlights
Second quarter 2023 net income attributable to Huntsman of $19 million compared to $228 million in the prior year period; second quarter 2023 diluted earnings per share of $0.11 compared to $1.10 in the prior year period.
Second quarter 2023 adjusted net income attributable to Huntsman of $39 million compared to $250 million in the prior year period; second quarter 2023 adjusted diluted earnings per share of $0.22 compared to $1.21 in the prior year period.
Second quarter 2023 adjusted EBITDA of $156 million compared to $410 million in the prior year period.
Second quarter 2023 net cash provided by operating activities from continuing operations was $40 million. Free cash flow from continuing operations was a use of cash of $11 million for the second quarter 2023 compared to a source of cash of $178 million in the prior year period.
Repurchased approximately 3.8 million shares for approximately $98 million in the second quarter 2023.
THE WOODLANDS, Texas, July 31, 2023 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today reported second quarter 2023 results with revenues of $1,596 million, net income attributable to Huntsman of $19 million, adjusted net income attributable to Huntsman of $39 million and adjusted EBITDA of $156 million.
Peter R. Huntsman, Chairman, President, and CEO, commented:
"During the quarter, business activity in each of our core regions remained under pressure, although we did see demand fundamentals in many of our core markets stabilize, albeit at a lower level than the prior year. We continued to drive efficiencies in our cost structure which will ensure we are well positioned to improve profitability once demand returns to a more normalized level. We remain positive on the long-term trends and value we will capture in energy efficiency and lightweighting in the construction, transportation, and industrial markets. Over the past several years we have made a significant effort to reduce leverage and drive capital discipline. The output of this effort is now allowing us to return significant amounts of capital to shareholders during a year which for the chemical industry may end up being just as, if not more, challenging than the pandemic year 2020. Our financial strength is also allowing us to evaluate both organic and in-organic investment opportunities to strengthen our Company for the long-term, however, we will continue to be disciplined with our available capital and protect our investment grade rating."
Segment Analysis for 2Q23 Compared to 2Q22
Polyurethanes
The decrease in revenues in our Polyurethanes segment for the three months ended June 30, 2023 compared to the same period of 2022 was primarily due to lower sales volumes, lower MDI average selling prices and the negative impact of foreign currency exchange rate movements against the U.S dollar. Sales volumes decreased primarily due to lower demand, primarily in the Americas. MDI average selling prices decreased primarily due to less favorable supply and demand dynamics. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes, lower MDI margins, the negative impact of foreign currency exchange rate movements against the U.S. dollar and a gain from an insurance settlement received in the second quarter of 2022, partially offset by higher equity earnings from our minority-owned joint venture in China and cost savings achieved from our cost optimization programs.
Performance Products
The decrease in revenues in our Performance Products segment for the three months ended June 30, 2023 compared to the same period of 2022 was primarily due to lower sales volumes and reduced average selling prices, partially offset by improved sales mix. Sales volumes decreased in all regions primarily due to slowing construction activity, and reduced demand in coatings and adhesives, lubes and other industrial markets. The decrease in segment adjusted EBITDA was primarily due to decreased sales volumes and lower average selling prices.
Advanced Materials
The decrease in revenues in our Advanced Materials segment for the three months ended June 30, 2023 compared to the same period of 2022 was primarily due to lower sales volumes, partially offset by higher average selling prices. Sales volumes decreased primarily due to reduced customer demand in our infrastructure markets and the deselection of lower margin business. Average selling prices increased largely due to improved sales mix. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes.
Corporate, LIFO and other
For the three months ended June 30, 2023, adjusted EBITDA from Corporate and other was a loss of $38 million, which remained the same as a loss of $38 million for the same period of 2022.
Liquidity and Capital Resources
During the three months ended June 30, 2023, our free cash flow from continuing operations was a use of cash of $11 million as compared to a source of cash of $178 million in the same period of 2022. As of June 30, 2023, we had approximately $1.9 billion of combined cash and unused borrowing capacity.
During the three months ended June 30, 2023, we spent $51 million on capital expenditures from continuing operations as compared to $65 million in the same period of 2022. During 2023, we expect to spend between $230 million to $250 million on capital expenditures.
Income Taxes
In the second quarter of 2023, our effective tax rate was 46% and our adjusted effective tax rate was 39%. We expect our 2023 adjusted effective tax rate to be approximately 26% to 29%. We expect our long-term adjusted effective tax rate to be approximately 22% to 24%. Our second quarter 2023 tax expense was negatively impacted by an $8 million non-cash valuation allowance increase.
Earnings Conference Call Information
We will hold a conference call to discuss our second quarter 2023 financial results on Tuesday, August 1, 2023, at 10:00 a.m. ET.
The conference call will be accompanied by presentation slides that will be accessible via the webcast link and Huntsman's investor relations website, www.huntsman.com/investors. Upon conclusion of the call, the webcast replay will be accessible via Huntsman's website.
Upcoming Conferences During the third quarter 2023, a member of management is expected to present at: UBS Chemical Conference on September 6, 2023 Jefferies Industrials Conference on September 7, 2023
A webcast of the presentation, if applicable, along with accompanying materials will be available at www.huntsman.com/investors.
About Huntsman: Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2022 revenues of approximately $8 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 7,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Forward-Looking Statements: This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, divestitures or strategic transactions, business trends and any other information that is not historical information. When used in this press release, the words "estimates," "expects," "anticipates," "likely," "projects," "outlook," "plans," "intends," "believes," "forecasts," or future or conditional verbs, such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, management's examination of historical operating trends and data, are based upon our current expectations and various assumptions and beliefs. In particular, such forward-looking statements are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the Company's operations, markets, products, prices and other factors as discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"). Significant risks and uncertainties may relate to, but are not limited to, increased energy costs in Europe, inflation and resulting monetary tightening in the US, geopolitical instability, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of the Company's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in the Company's businesses and to realize anticipated cost savings, and other financial, operational, economic, competitive, environmental, political, legal, regulatory and technological factors. Any forward-looking statement should be considered in light of the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2022, which may be supplemented by other risks and uncertainties disclosed in any subsequent reports filed or furnished by the Company from time to time. All forward-looking statements apply only as of the date made. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.
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| 2023-07-31T20:34:48
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Published: Jul. 31, 2023 at 3:05 PM CDT|Updated: 29 minutes ago
Broadband revenue up 20% and Video SaaS revenue up 58% year over year
SAN JOSE, Calif., July 31, 2023 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT) today announced its unaudited results for the second quarter of 2023.
"While we achieved double digit year over year Broadband and Video SaaS revenue growth and strong gross margins for the second quarter, we experienced hardware sales delays across our business segments resulting in total revenue that was below our expectations," said Patrick Harshman, president and chief executive officer of Harmonic. "Despite these short-term headwinds, we have the largest backlog in our Company's history and our operating model continued to deliver solid profitability. The strength of our market position was reinforced by several new customer wins which further supports our multi-year growth plan."
Q2 Financial and Business Highlights
Financial
Revenue: $156.0 million, down 1% year over year
Gross margin: GAAP 54.5% and non-GAAP 54.7%, compared to GAAP 52.3% and non-GAAP 52.8% in the year ago period
Operating income: GAAP income $10.0 million and non-GAAP income $18.2 million, compared to GAAP income $15.1 million and non-GAAP income $21.4 million in the year ago period
Net income: GAAP net income $1.6 million and non-GAAP net income of $14.0 million, compared to GAAP net income $14.8 million and non-GAAP net income $17.6 million in the year ago period
Adjusted EBITDA: $21.1 million income compared to $24.3 million income in the year ago period
EPS: GAAP net income per share of $0.01 and non-GAAP net income per share of $0.12, compared to GAAP net income per share of $0.14 and non-GAAP net income per share of $0.16 in the year ago period
Cash: $71.0 million, down $50.8 million year over year
Business
CableOS® solution commercially deployed with 98 customers, serving 21.0 million cable modems, and initial orders received from two new Tier 1 customers
Recognized for the first time as the "cable broadband equipment" market share leader, by the most recent Dell'Oro Group1 report
Signed a follow-on multi-year software contract with an existing Tier 1 customer
Live sports streaming SaaS expansions and new wins drove 58.3% Video SaaS revenue growth year over year
Select Financial Information
Explanations regarding our use of non-GAAP financial measures and related definitions, and reconciliations of our GAAP and non-GAAP measures, are provided in the sections below entitled "Use of Non-GAAP Financial Measures" and "GAAP to Non-GAAP Reconciliations".
Financial Guidance
Conference Call Information
Harmonic will host a conference call to discuss its financial results at 2:00 p.m. PT (5:00 p.m. ET) on Monday, July 31, 2023. The live webcast will be available on the Harmonic Investor Relations website at http://investor.harmonicinc.com. To participate via telephone, please register in advance using this link, https://register.vevent.com/register/BI455acac6063542fb837fd89bddfb1d84. A replay will be available after 5:00 p.m. PT on the same web site.
About Harmonic Inc.
Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet cable services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at www.harmonicinc.com.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to our expectations regarding: net revenue, gross margins, operating expenses, operating income (loss), Adjusted EBITDA, tax expense and tax rate, EPS and cash. Our expectations regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include, in no particular order, the following: the market and technology trends underlying our Video and Broadband businesses will not continue to develop in their current direction or pace; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost of revenue or operating expenses may exceed our expectations; the impact of general economic conditions on our sales and operations; the mix of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in capital spending in the cable, satellite, telco, broadcast and media industries; customer concentration and consolidation; our ability to develop new and enhanced products in a timely manner and market acceptance of our new or existing products; losses of one or more key customers; risks associated with our international operations; exchange rate fluctuations of the currencies in which we conduct business; risks associated with our CableOS and VOS product solutions; dependence on various video and broadband industry trends; inventory management; the lack of timely availability or the impact of increases in the prices of parts or raw materials necessary to produce our products; the effect of competition, on both revenue and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business of natural disasters. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Harmonic's filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K for the year ended December 31, 2022, our most recent Quarterly Report on Form 10-Q and our Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to the Company as of the date hereof, and Harmonic disclaims any obligation to update any forward-looking statements.
Use of Non-GAAP Financial Measures
The Company reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP" or referred to herein as "reported"). However, management believes that certain non-GAAP financial measures provide management and other users with additional meaningful financial information that should be considered when assessing our ongoing performance. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business, establish operating budgets, set internal measurement targets and make operating decisions.
These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with generally accepted accounting principles and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. The Company believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Harmonic's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Harmonic's results of operations in conjunction with the corresponding GAAP measures.
The Company believes that the presentation of non-GAAP measures, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and its historical and projected results of operations. Non-GAAP financial measures should be viewed in addition to, and not as an alternative to, the Company's reported results prepared in accordance with GAAP.
The non-GAAP measures presented here are: Gross profit, operating expenses, income (loss) from operations, non-operating expenses and net income (loss) (including those amounts as a percentage of revenue), Adjusted EBITDA and net income (loss) per diluted share. The presentation of non-GAAP information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP, and is not necessarily comparable to non-GAAP results published by other companies. A reconciliation of the historical non-GAAP financial measures discussed in this press release to the most directly comparable historical GAAP financial measures is included with the financial statements provided with this press release. The non-GAAP adjustments described below have historically been excluded from our GAAP financial measures.
Our non-GAAP financial measures reflect adjustments based on the following items, as well as the related income tax effects:
Stock-based compensation - Although stock-based compensation is a key incentive offered to our employees, we continue to evaluate our business performance excluding stock-based compensation expenses. We believe that management is limited in its ability to project the impact stock-based compensation would have on our operating results. In addition, for comparability purposes, we believe it is useful to provide a non-GAAP financial measure that excludes stock-based compensation in order to better understand the long-term performance of our core business and to facilitate the comparison of our results to the results of our peer companies.
Restructuring and related charges - Harmonic from time to time incurs restructuring charges which primarily consist of employee severance, one-time termination benefits related to the reduction of its workforce, lease exit costs, and other costs. These charges are associated with material business shifts. We exclude these items because we do not believe they are reflective of our ongoing long-term business and operating results.
Non-cash interest expense and other expenses related to convertible notes and other debt - We record the amortization of issuance costs as non-cash interest expense. We believe that excluding these costs provides meaningful supplemental information regarding operational performance and liquidity, along with enhancing investors' ability to view the Company's results from management's perspective. In addition, we believe excluding these costs from the non-GAAP measures facilitates comparisons to our historical operating results and comparisons to peer company operating results.
Gain and losses on equity investments - We exclude the gain and losses from the sale of our equity investments in calculating our non-GAAP financial measures. We exclude these items because we do not believe they are reflective of our ongoing long-term business and operating results.
Discrete tax items and tax effect of non-GAAP adjustments - The income tax effect of non-GAAP adjustments relates to the tax effect of the adjustments that we incorporate into non-GAAP financial measures in order to provide a more meaningful measure of non-GAAP net income.
Depreciation - Depreciation expense, along with interest, tax and stock-based compensation expense, and restructuring charges, is excluded from Adjusted EBITDA because we do not believe depreciation and the other items relate to the ordinary course of our business or are reflective of our underlying business performance.
Non-recurring advisory fees - There were non-recurring costs that we excluded from non-GAAP results relating to professional accounting, tax and legal fees associated with strategic corporate initiatives, including assessing corporate structure and organization, as we seek to optimize value for our business.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.
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| 2023-07-31T20:34:51
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After reading “Ciscomani embraces bipartisan approach” (The Star, July 25), I had to wonder if the editor who budgeted this fawning piece had accepted a payoff. Seriously: It read as a handout from the congressman’s office or as a naive recitation of campaign talking points on the part of an out-of-town writer unaware of the controversies surrounding Juan Ciscomani’s election and service in the House.
Ciscomani is an astute politician who took advantage of a gerrymander and an inept Democratic opponent in 2022. He will be difficult to dislodge as long as he can keep the focus on his biography and not on the divisive issues that preoccupy his party. Instead, he serves up a pablum of seven bills. Three are inherently bipartisan: veterans services, stiffer penalties for cartel “spotters.” Three are regional housekeeping measures. Only one, aiming to boost copper mining, has the potential to spark debate. On the important issues of the day, and on Ciscomani’s voting record, the writer drew a blank.
People are also reading…
Robert Laux-Bachand
Green Valley
Disclaimer: As submitted to the Arizona Daily Star.
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https://tucson.com/opinion/letters/local-issues/letter-we-already-know-ciscomanis-story/article_d645b524-2c93-11ee-8927-a7795b0a12a7.html
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HERKIMER, N.Y. -- Herkimer County is looking for your feedback.
A survey created by the county is asking residents about community needs in the areas of children’s mental health and childcare.
Herkimer County Public Health said that the survey will help them to "understand the current state of children's services in our community; identify any gaps or areas for improvement; and ensure every child receives the care and attention they deserve."
You can get to the survey by scanning the QR code, or you can click here to be taken to the survey website.
The online survey is only expected to take about a minute to complete. It will be live for about two weeks.
“We created a survey to ascertain community input on the needs and potential gaps in children's services throughout the county," Christina Cain, director of Herkimer County Public Health, said. "The survey is designed to be quick and offers a unique opportunity to shape the future of children's services. By sharing your thoughts and experiences, you actively contribute to building a stronger support system for children in Herkimer County.”
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https://www.wktv.com/news/herkimer-county-is-looking-for-your-input-in-the-form-of-a-survey/article_26688b0a-2fa8-11ee-bbfd-17526391c6ea.html
| 2023-07-31T20:34:53
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https://www.wktv.com/news/herkimer-county-is-looking-for-your-input-in-the-form-of-a-survey/article_26688b0a-2fa8-11ee-bbfd-17526391c6ea.html
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Florida - Monday July 31, 2023: Official data released Friday by the Centers for Medicare and Medicaid Services (CMS) show that Florida’s Medicaid redetermination process, in the month following the end of federal “continuous coverage” provisions, resulted in 249,427 Floridians being disenrolled, 82 percent of whom had their cases closed for procedural or “red tape” reasons, not necessarily because they were no longer eligible.
The data released by CMS shows Florida pushed more people off Medicaid in the first month of the redetermination process than any other state.
In light of this official data, Florida Policy Institute (FPI) CEO Sadaf Knight reiterated calls for the state to pause its Medicaid redetermination process and to opt into policy waivers offered by CMS in order to reduce numbers of procedural denials.
“The CMS data confirms what health care advocacy groups and nonprofits have been saying for more than a year — that re-determining Medicaid for nearly 5 million Floridians would be a tremendous undertaking and would cause tremendous coverage loss for families if the state didn’t better prepare. “
In addition, there have been widespread reports that Floridians who have lost coverage are having difficulty getting through to the Department of Children and Families (DCF) on the phone to get help with their re-determinations.
In April, Florida was second to last in the percent of calls to DCF abandoned by consumers - 48%, ranking Florida 50th out of 50 states and DC. Florida also had the third longest wait times - 40 minutes on average, ranking 49th out of 51 states and DC.
Back in May, when preliminary data surfaced showing that a large share of Floridians whose coverage was terminated had been disenrolled from Medicaid for procedural reasons, FPI and 51 other organizations called on state policymakers to pause the redetermination process.
“We are again urging the Department of Children and Families and Gov. DeSantis to temporarily pause Florida’s Medicaid ‘unwinding’ and conduct a thorough analysis of systemic problems, including the woefully inadequate phone system. Florida is also the only state in the nation to refuse the option of policy waivers from CMS, which would allow the department to reduce red tape for families who are trying to navigate a labyrinth of confusing notices and hours-long call wait times. The state should opt into appropriate waivers, which would allow them to reduce unnecessary procedural disenrollments, and preserve health care access for eligible, vulnerable children and families. “The health and well-being of adults and children is of the utmost priority, and continuing down this redetermination path without a better grasp of the situation and more transparency in the state’s process will have deleterious effects.”
FPI is an independent, nonpartisan, and nonprofit organization dedicated to advancing state policies and budgets that improve the economic mobility and quality of life for all Floridians.
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https://www.wqcs.org/wqcs-news/2023-07-31/florida-policy-institute-calls-on-governor-to-pause-medicaid-re-determination-process-and-adopt-the-policy-waivers-offered-by-cms
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Tax-free weekend days away in S.C.: What shoppers need to know to save
COLUMBIA, S.C. (WIS) - Americans could spend record dollars on back-to-school shopping this year.
South Carolinians can save some money on their purchases soon with the state’s tax-free weekend coming up.
It runs from Friday, Aug. 4, to Sunday, Aug. 6, and during that time, certain items are exempt from the state’s 6% sales tax and local sales taxes.
To make the most of it, experts say it pays to do your homework on back-to-school shopping.
“That’s a significant discount, and it can add up to a sizable savings, depending on what consumers are looking for,” University of South Carolina Research Economist Joey Von Nessen said.
Last year, shoppers bought more than $26 million in tax-exempt items during the state’s tax-free weekend, according to the South Carolina Department of Revenue.
In general, tax-exempt items are those like supplies used for school assignments, electronics, clothing and shoes, and bed and bath items, all new or used.
Items that are not exempt include rented clothing and shoes, items used in a business or trade, and items placed on layaway or deferred payment plans.
“If you can, only purchase what you need specifically for that moment because there’s a real possibility that if you don’t need it specifically for back-to-school, it’s going to be on sale again for Thanksgiving, Black Friday,” Michael Watson, who teaches in the University of South Carolina’s College of Hospitality, Retail and Sport Management, said.
Experts also caution buyer beware.
Some stores will raise their prices during this period to make up for discounts.
“Don’t get caught up in the, ‘I’m going to save money and buy a bunch of impulse items,’” Watson said. “Don’t do that, because you’ve just erased a bunch of your savings.”
The cost of school supplies has gone up nearly 25% in the last two years, according to the U.S. Bureau of Labor Statistics’ Consumer Price Index.
The outlook is mixed on how this could affect Americans’ spending this year.
“Inflation has had a significant effect over the last two years, and it has eroded purchasing power by raising prices, and consumers are feeling that when they go to the store,” Von Nessen said.
The National Retail Federation projects Americans will spend a record $41.5 billion on back-to-school shopping this year, averaging nearly $900 per household, while a survey from Deloitte predicts this spending could decrease for the first time in nearly a decade.
“I think it’s likely we’ll see more spending this year just because prices have gone up, so everything’s more expensive, and that’s going to lead to higher total sales volume,” Von Nessen said. “But at the same time, because things are more expensive, consumers are really going to be looking for a bargain in a way that they haven’t over the last two years.”
For South Carolinians who would rather avoid the crowds in stores and shop online, eligible items are still tax-free if purchased online as well.
The Department of Revenue has more information on tax-free weekend on its website.
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Denver Broncos wide receiver K.J. Hamler was diagnosed with "mild heart irritation" called pericarditis, he announced via Instagram, Monday.
In light of the medical condition, the Broncos are reportedly planning to waive him on a non-football illness designation. The move is procedural, with hopes to bring him back, according to a report from NFL Network's Mike Garafolo.
He's reportedly expected to be to miss weeks, not months with the condition.
As noted by Garafalo, the move to waive Hamler allows for his return, whereas placing him on reserve or the non-football injury list could prevent him from playing for the entire season. The team also needs the roster spot with wide receiver Tim Patrick also sidelined with an Achilles injury.
This story will be updated with more information shortly.
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ARMONK, N.Y., July 31, 2023 /PRNewswire/ -- The IBM (NYSE: IBM) board of directors has elected Michael Miebach to the board, effective October 30, 2023.
Michael Miebach, 55, is the chief executive officer of Mastercard Incorporated and a member of its board of directors. An innovator and technologist, Mr. Miebach has led Mastercard, a global technology company in the payments industry, since January 2021. Previously Mastercard's chief product officer, Mr. Miebach has deep experience in digital transformation, cybersecurity and delivering data-driven insights.
Arvind Krishna, IBM chairman and chief executive officer, said: "We are delighted that Michael Miebach will join the IBM board of directors. Michael is an accomplished technologist and international business leader. His insights and experience will strongly benefit IBM and its shareholders."
Mr. Miebach is a member of the Business Roundtable, the Business Council and the International Business Council of the World Economic Forum. He is a trustee of the United States Council for International Business and also serves on the United States Treasury Advisory Committee on Racial Equity.
Mr. Miebach holds a Master of Business Administration from the University of Passau in Germany.
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SOURCE IBM
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13% Sequential Revenue Growth Including 10% Organic
Maintains Strong Balance Sheet Post-Acquisitions of Atreus and businessfourzero
CHICAGO, July 31, 2023 /PRNewswire/ -- Today Heidrick & Struggles International, Inc. (Nasdaq: HSII) ("Heidrick & Struggles", "Heidrick" or the "Company") announced financial results for its second quarter ended June 30, 2023.
Second Quarter Highlights:
- Net revenue of $271.2 million increased 13% sequentially, 10% organically
- Operating income of $13.6 million decreased $4.2 million sequentially and operating margin was 5.0%
- Adjusted operating income of $20.8 million increased 17% sequentially and adjusted operating margin was 7.7%
- Adjusted EBITDA of $36.4 million increased 33% sequentially and adjusted EBITDA margin was 13.4%
- Net income was $9.0 million and diluted earnings per share was $0.44; adjusted net income was $15.0 million and adjusted diluted earnings per share was $0.73
"We are very pleased with the second quarter results which included the first full quarter of results from our recent acquisition of Atreus Group ("Atreus") in our On-Demand Talent segment, as well as the results from businessfourzero ("B4Z") in our Heidrick Consulting segment. Even before the positive effects of these acquisitions, each of our lines of business demonstrated organic sequential growth, despite ongoing macro uncertainty and an anticipated return to more normalized levels of business performance. This validates our focus on the steadfast execution of our strategy while maintaining strong profitability," stated Heidrick & Struggles' President and Chief Executive Officer, Krishnan Rajagopalan. "Importantly, the integrations of both our recent acquisitions are progressing smoothly. We are advancing our diversification strategy while continuing to make appropriate investments in our digital capabilities and technologies throughout the company. These initiatives are aimed at providing our clients with the next generation of talent and leadership advisory services, enabling them to achieve higher performance through their leaders and teams in an ever-evolving business landscape."
2023 Second Quarter Results
Consolidated net revenue of $271.2 million compared to record consolidated net revenue of $298.7 million in the 2022 second quarter. Consolidated financial results include the first full quarter of contribution from the Company's recent acquisitions of Atreus and B4Z.
On a sequential basis, 2023 second quarter net revenue increased 13.3% from the 2023 first quarter, 10% of that growth was organic, as the Company experienced growth in Executive Search driven by the Americas and Europe markets, partially offset by a decline in the Asia Pacific market, along with sequential revenue growth in Heidrick Consulting and On-Demand Talent. 2023 second quarter adjusted operating income increased 17.2% and adjusted operating margin increased 30 basis points to 7.7% compared to 7.4% in the 2023 first quarter. Adjusted EBITDA of $36.4 million in the 2023 second quarter increased 33% sequentially and adjusted EBITDA margin increased 190 basis points to 13.4% compared to 11.5% in the 2023 first quarter. 2023 second quarter adjusted net income was $15.0 million compared to $15.6 million in the 2023 first quarter. This generated adjusted diluted earnings per share in the 2023 second quarter of $0.73 compared to $0.76 in the 2023 first quarter.
Executive Search net revenue of $206.8 million compared to net revenue of $253.9 million in the 2022 second quarter reflecting an anticipated market slowdown combined with a return to more normalized operating levels. Excluding the impact of exchange rate fluctuations, which negatively impacted results by 0.3%, or $0.8 million, net revenue decreased 18.2%, or $46.3 million, from the 2022 second quarter. Net revenue decreased 21.3% in the Americas (down 21.2% on a constant currency basis), decreased 5.3% in Europe (down 6.1% on a constant currency basis), and decreased 23.9% in Asia Pacific (down 20.5% on a constant currency basis) when compared to the prior year second quarter. The Social Impact and Industrial practice groups exhibited growth over the prior year.
The Company had 423 Executive Search consultants at June 30, 2023, compared to 388 at June 30, 2022. Productivity, as measured by annualized Executive Search net revenue per consultant, was $1.9 million compared to $2.6 million in the 2022 second quarter, reflecting a higher number of consultants combined with lower revenue. Average revenue per executive search was approximately $143,000 compared to $153,000 in the prior year period. The number of search confirmations decreased 12.7% compared to the year-ago period.
On-Demand Talent net revenue of $39.2 million, an increase of 75.5% compared to net revenue of $22.4 million in the 2022 second quarter, primarily due to the acquisition of Atreus, partially offset by a decrease in the volume of legacy on-demand projects.
Heidrick Consulting net revenue of $25.2 million compared to net revenue of $22.4 million in the 2022 second quarter. The Company had 89 Heidrick Consulting consultants at June 30, 2023, compared to 66 at June 30, 2022.
Consolidated salaries and benefits decreased $28.8 million, or 13.9%, to $178.9 million compared to $207.7 million in the 2022 second quarter. Year-over-year, fixed compensation expense increased $18.8 million due to base salaries and payroll taxes, the deferred compensation plan, reorganization, and retirement and benefits, as well as the acquisitions of Atreus and B4Z, partially offset by a decrease in stock compensation. Variable compensation decreased $47.6 million due to lower bonus accruals related to decreased consultant productivity. Salaries and benefits expense was 66.0% of net revenue for the quarter compared to 69.5% in the 2022 second quarter.
General and administrative expenses increased $5.3 million, or 15.1%, to $40.5 million compared to $35.2 million in the 2022 second quarter. The increase was due to intangible amortization and accretion, office occupancy, IT, and taxes and licenses, partially offset by a decrease in business development travel. As a percentage of net revenue, general and administrative expenses were 14.9% for the 2023 second quarter compared to 11.8% in the 2022 second quarter.
The Company's cost of services was $25.3 million, or 9.3% of net revenue for the quarter, compared to $17.4 million, or 5.8% of net revenue in the 2022 second quarter. This related to an increase in the volume of On-Demand Talent projects driven by the acquisition of Atreus.
The Company's research and development expenses were $5.7 million, or 2.1%, of net revenue for the quarter compared to $4.5 million, or 1.5%, of net revenue for the second quarter 2022.
In the 2023 second quarter, the Company recorded a non-cash goodwill impairment charge of $7.2 million associated with the Company's Heidrick Consulting segment. In the 2022 fourth quarter, the Company conducted its most recent annual goodwill impairment evaluation, which indicated that the carrying value of the Heidrick Consulting reporting unit was less than its fair value. During the 2023 second quarter, the Company acquired B4Z and recorded approximately $7.1 million of goodwill in the Heidrick Consulting reporting unit. Due to the inclusion of goodwill in a reporting unit with a pre-existing fair value shortfall, the Company identified a triggering event and performed an interim goodwill impairment evaluation during the 2023 second quarter, which resulted in the impairment of the recently acquired B4Z goodwill.
Including the previously mentioned non-cash impairment charge, operating income was $13.6 million for the quarter compared to $33.9 million in the 2022 second quarter. Operating income margin was 5.0% versus 11.3% in the 2022 second quarter. Excluding the non-cash impairment charge, adjusted operating income in the 2023 second quarter was $20.8 million and adjusted operating margin was 7.7%.
Adjusted EBITDA was $36.4 million compared to $36.8 million in the 2022 second quarter. Adjusted EBITDA margin was 13.4%, compared to 12.3% in the 2022 second quarter. In Executive Search, adjusted EBITDA was $53.9 million compared to $52.3 million in the prior year period. In On-Demand Talent, adjusted EBITDA was $2.6 million versus $0.6 million in the prior year period. In Heidrick Consulting, adjusted EBITDA was a loss of $1.6 million compared to a loss of $0.1 million in the prior year period.
Net income was $9.0 million and diluted earnings per share was $0.44, with an effective tax rate of 46.8%. This compares to net income of $24.1 million and diluted earnings per share of $1.19, with an effective tax rate of 30.9% in the 2022 second quarter. Excluding the non-cash impairment charge recorded in the 2023 second quarter, adjusted net income was $15.0 million and adjusted diluted earnings per share was $0.73, with an adjusted effective tax rate of 37.7%.
Net cash provided by operating activities was $46.9 million, compared to $82.7 million in the 2022 second quarter. Cash, cash equivalents and marketable securities at June 30, 2023 was $239.0 million compared to $336.6 million at June 30, 2022 and $621.6 million at December 31, 2022. The Company's cash position typically builds throughout the year as employee bonuses are accrued, mostly to be paid out in the first half of the year.
2023 Six Months Results
For the six months ended June 30, 2023, consolidated net revenue was $510.5 million compared to $582.6 million in the first six months of 2022. Excluding the impact of exchange rate fluctuations, which negatively impacted results by 1.0%, or $6.1 million, consolidated net revenue decreased 11.3%, or $65.9 million, compared to the prior year period.
Executive Search net revenue in the first six months of 2023 decreased 20.0%, or $99.2 million, to $397.3 million from $496.5 million in the first six months of 2022. Excluding the impact of exchange rate fluctuations, which negatively impacted results by 1.0%, or $5.1 million, net revenue decreased 19.0%, or $94.1 million. Net revenue decreased 21.5% in the Americas (decreased 21.3% on a constant currency basis), decreased 13.7% in Europe (decreased 11.3% on a constant currency basis), and decreased 21.9% in Asia Pacific (decreased 18.0% on a constant currency basis). Only the Social Impact and Industrial practice groups exhibited growth over the prior year. Productivity was $1.9 million for the first six months of 2023 compared to $2.6 million in the first six months of 2022. The average revenue per executive search was $133,000 in the first six months of 2023 compared to $137,000 the same period in 2022, while search confirmations decreased 17.6%.
On-Demand Talent net revenue in the first six months of 2023 was $70.4 million compared to $45.7 million in the same period of 2022. The increase in net revenue was primarily driven by the acquisition of Atreus, as well as an increase in the volume of legacy on-demand projects.
Heidrick Consulting net revenue in the first six months of 2023 increased 6.3%, or $2.5 million, to $42.9 million from $40.4 million in the first six months of 2022. Excluding the impact of exchange rate fluctuations, which negatively impacted results by 2.0%, or $0.8 million, Heidrick Consulting revenue increased 8.3%, or $3.3 million, compared to the prior year period.
Operating income for the first six months of 2023 was $31.4 million compared to operating income of $64.1 million in the same period of 2022. The operating income margin was 6.1% compared to 11.0% in the first six months of 2022. Excluding the non-cash impairment charge recorded in the 2023 year-to-date period, adjusted operating income was $38.6 million and adjusted operating income margin was 7.6%.
Adjusted EBITDA for the first six months of 2023 was $63.8 million and adjusted EBITDA margin was 12.5%, compared to adjusted EBITDA of $72.5 million and adjusted EBITDA margin of 12.4% for the same period in 2022. In Executive Search, adjusted EBITDA was $102.3 million compared to $104.2 million in the prior year period. In On-Demand Talent, adjusted EBITDA was $1.2 million versus $0.9 million in the prior year period. In Heidrick Consulting, adjusted EBITDA was a loss of $4.3 million compared to a loss of $1.9 million in the prior year period.
Net income for the first six months of 2023 was $24.6 million and diluted earnings per share was $1.19, with an effective tax rate of 38.1%. This compares to net income of $42.6 million and diluted earnings per share of $2.08, with an effective tax rate of 32.2%, in the first six months of 2022. Excluding the restructuring charge recorded in the 2023 year-to-date period, adjusted net income was $30.6 million and adjusted diluted earnings per share was $1.48 with an adjusted effective tax rate of 34.8%.
Dividend
The Board of Directors declared a 2023 second quarter cash dividend of $0.15 per share payable on August 25, 2023, to shareholders of record at the close of business on August 11, 2023.
2023 Third Quarter Outlook
The Company expects 2023 third quarter consolidated net revenue of between $245 million and $265 million, which reflects typical summer seasonality, while acknowledging that continued fluidity in external factors, such as the foreign exchange and interest rate environments, foreign conflicts, inflation and macroeconomic constraints on pricing actions, may impact quarterly results. In addition, this outlook is based on the average currency rates in June 2023 and reflects, among other factors, management's assumptions for the anticipated volume of new Executive Search confirmations, On-Demand Talent projects, and Heidrick Consulting assignments, consultant productivity, consultant retention, and the seasonality of the business along with the current backlog.
Quarterly Webcast and Conference Call
Heidrick & Struggles will host a conference call to review its second quarter results today, July 31, 2023 at 5:00 pm Eastern Time. Participants may access the Company's call and supporting slides through its website at www.heidrick.com or by dialing (888) 440-4091 or (646) 960-0846, conference ID# 6106012. For those unable to participate on the live call, a webcast and copy of the slides will be archived at www.heidrick.com and available for up to 30 days following the investor call.
About Heidrick & Struggles International, Inc.
Heidrick & Struggles (Nasdaq: HSII) is a premier provider of global leadership advisory and on-demand talent solutions, serving the senior-level talent and consulting needs of the world's top organizations. In our role as trusted leadership advisors, we partner with our clients to develop future-ready leaders and organizations, bringing together our services and offerings in executive search, diversity and inclusion, leadership assessment and development, organization and team acceleration, culture shaping and on-demand, independent talent solutions. Heidrick & Struggles pioneered the profession of executive search more than 65 years ago. Today, the firm provides integrated talent and human capital solutions to help our clients change the world, one leadership team at a time. ® www.heidrick.com
Non-GAAP Financial Measures
To supplement the financial results presented in accordance with generally accepted accounting principles in the United States ("GAAP"), Heidrick & Struggles presents certain non-GAAP financial measures. A "non-GAAP financial measure" is defined as a numerical measure of a company's financial performance that excludes or includes amounts different than the most directly comparable measure calculated and presented in accordance with GAAP in the statements of comprehensive income, balance sheets or statements of cash flow of the Company.
Non-GAAP financial measures used within this earnings release are adjusted operating income, adjusted operating income margin, adjusted net income, adjusted diluted earnings per share, adjusted effective tax rate, adjusted EBITDA, adjusted EBITDA margin, and consolidated net revenue excluding the impact of exchange rate fluctuations. These measures are presented because management uses this information to monitor and evaluate financial results and trends. Management believes this information is also useful for investors to evaluate the comparability of financial information presented. Reconciliations of these non-GAAP financial measures to the most directly comparable measures calculated and presented in accordance with GAAP are provided as schedules attached to this release.
Adjusted operating income reflects the exclusion of goodwill impairment.
Adjusted operating income margin refers to adjusted operating income as a percentage of net revenue in the same period.
Adjusted net income and adjusted diluted earnings per share reflect the exclusion of goodwill impairment, net of tax.
Adjusted effective tax rate reflects the exclusion of goodwill impairment, net of tax.
Adjusted EBITDA refers to earnings before interest, taxes, depreciation, intangible amortization, equity-settled stock compensation expense, earnout accretion, earnout obligation adjustments, contingent compensation related to acquisitions, deferred compensation plan income and expense, reorganization costs, impairment charges, restructuring charges, and other non-operating income (expense).
Adjusted EBITDA margin refers to adjusted EBITDA as a percentage of net revenue in the same period.
The Company evaluates its results of operations on both an as reported and a constant currency basis. The constant currency presentation is a non-GAAP financial measure, which excludes the impact of fluctuations in foreign currency exchange rates. The Company believes providing constant currency information provides valuable supplemental information regarding its results of operations, consistent with how it evaluates its performance. The Company calculates constant currency percentages by converting its financial results in a local currency for a period using the average exchange rate for the prior period to which it is comparing. This calculation may differ from similarly titled measures used by other companies.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding guidance for the third quarter of 2023. The forward-looking statements are based on current expectations, estimates, forecasts, and projections about the industry in which we operate and management's beliefs and assumptions. Forward-looking statements may be identified by the use of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "outlook," "projects," "forecasts," "aim" and similar expressions. Forward-looking statements are not guarantees of future performance, rely on a number of assumptions, and involve certain known and unknown risks and uncertainties that are difficult to predict, many of which are beyond our control. Factors that may cause actual outcomes and results to differ materially from what is expressed, forecasted, or implied in the forward-looking statements include, among other things, our ability to attract, integrate, develop, manage and retain qualified consultants and senior leaders; our ability to prevent our consultants from taking our clients with them to another firm; our ability to maintain our professional reputation and brand name; our clients' ability to restrict us from recruiting their employees; our heavy reliance on information management systems; risks arising from our implementation of new technology and intellectual property to deliver new products and services to our clients; our dependence on third parties for the execution of certain critical functions; the fact that we face the risk of liability in the services we perform; the fact that data security, data privacy and data protection laws and other evolving regulations and cross-border data transfer restrictions may limit the use of our services and adversely affect our business; any challenges to the classification of our on-demand talent as independent contractors; the increased cybersecurity requirements, vulnerabilities, threats and more sophisticated and targeted cyber-related attacks that could pose a risk to our systems, networks, solutions, services and data; the impacts, direct and indirect, of the COVID-19 pandemic (including the emergence of variant strains) or other highly infectious or contagious disease on our business, our consultants and employees, and the overall economy; the aggressive competition we face; the fact that our net revenue may be affected by adverse economic conditions including inflation, the impact of foreign currency exchange rate fluctuations; our ability to access additional credit; social, political, regulatory, legal and economic risks in markets where we operate, including the impact of the ongoing war in Ukraine and the risks of an expansion or escalation of that conflict; unfavorable tax law changes and tax authority rulings; the timing of the establishment or reversal of valuation allowance on deferred tax assets; the fact that we may not be able to align our cost structure with net revenue; any impairment of our goodwill, other intangible assets and other long-lived assets; our ability to execute and integrate future acquisitions; and the fact that we have anti-takeover provisions that could make an acquisition of us difficult and expensive. We caution the reader that the list of factors may not be exhaustive. For more information on these risks, uncertainties and other factors, refer to our Annual Report on Form 10-K for the year ended December 31, 2022, under the heading "Risk Factors" in Item 1A, as updated in Part II of our subsequent Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Investors & Analysts:
Suzanne Rosenberg, Vice President, Investor Relations
srosenberg@heidrick.com
Media:
Nina Chang, Vice President, Corporate Communications
nchang@heidrick.com
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SOURCE Heidrick & Struggles International, Inc.
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UTICA, N.Y. -- The start of a mixed-use project on Hotel Street in Utica was announced today.
The project is expected to feature 70 loft-style apartments and ground-floor retain space in the Bagg's Square corridor.
The development team for the project is Lahinch Group, Morrisroe Lynn Development and Hueber-Breuer Construction.
"The total renovation will cost nearly $20 million, and work was started last week. Earlier this year, New York State’s Empire State Development announced that the project had been awarded a $3 million through the Restore New York Communities Initiative grant and was previously awarded a $1 million capital grant," a release stated.
The row-style buildings of 119-137 Hotel St. are the three buildings to be renovated.
"Once completed, it will restore this vital, but long-time dormant corridor in Utica’s Downtown," a release stated.
87,000 square feet will be renovated, and it's expected to be a "a connection point to Genesee Street, Mohawk Valley Hospital System, Nexus Center and Harbor Point."
According to today's announcement on Hotel Street, the project is expected to be completed in about a year.
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| 2023-07-31T20:34:59
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Trader Joe’s falafel recalled because it may contain rocks
(Gray News) – Trader Joe’s is recalling a cooked falafel product because it “may contain rocks.”
The grocery chain announced Friday that the supplier of its Fully Cooked Falafel (SKU# 93935) warned it about the product possibly containing rocks.
Trader Joe’s said the recalled falafel is sold in its stores in Alabama, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Vermont, Wisconsin and Washington, D.C.
“All potentially affected product has been removed from sale and destroyed,” Trader Joe’s said in its announcement.
Customers are urged to discard the falafel and return it to any Trader Joe’s location for a full refund.
Trader Joe’s also announced Friday that it was recalling some of its cookies because they also may contain rocks, and the chain recently recalled its broccoli cheddar soup because it may contain insects.
Copyright 2023 Gray Media Group, Inc. All rights reserved.
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ESPN's ongoing talent shakeup is expected to produce a dramatically revamped A team for its NBA broadcasts.
Per the New York Post's Andrew Marchand, the network has laid off longtime analyst Mark Jackson and is planning to promote analyst Doris Burke to call games alongside lead play-by-play man Mike Breen. It's also expected to hire Doc Rivers to complete the three-person team that anchors the network's NBA Finals coverage.
Rivers has spent the last 24 seasons as an NBA head coach, but remains without work after being fired by the Philadelphia 76ers this offseason. He would join Burke in replacing Jeff Van Gundy, who was laid off last month amid a wave of high-profile talent cuts at the network.
Jackson worked alongside Breen and Van Gundy for 15 seasons across two stints starting in 2006.
The moves would mark a return for Rivers to the NBA Finals broadcast booth after a stint with ABC in 2004. Rivers called the Finals that year alongside Al Michaels after he was fired as the head coach of the Orlando Magic early that same season. His broadcast stint was brief, though. Rivers returned to NBA sidelines the following season as the head coach of the Boston Celtics, whom he coached to an NBA championship five seasons later.
The promotion of Burke would be a historic one. She's previously worked the NBA Finals as a sideline reporter and has long been a game analyst for ESPN, most recently alongside Jones on the network's B team. If promoted, she would be the first woman to call NBA Finals games on network TV.
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IEEE Transactions on Pattern Analysis and Machine Intelligence (TPAMI) achieves highest impact factor among Computer Society journals
LOS ALAMITOS, Calif., July 31, 2023 /PRNewswire/ -- The IEEE Computer Society (CS), the leading global computer science and engineering member community, announced today that its journal IEEE Transactions on Pattern Analysis and Machine Intelligence (TPAMI) earned the highest 2022 Journal Impact Factor™ (JIF™) of all IEEE CS publications, securing the top spot among artificial intelligence journals.
"Computer science and engineering represent some of the most prominent, promising areas of research today," said Nita Patel, president, IEEE CS. "As the number of papers in our field continues to climb, paper acceptance gets increasingly competitive, and our editors work tirelessly to ensure that only the top papers make their way into our journals. We're thrilled to, once again, hold top impact factor rankings, and we thank all of our volunteers for their commitment to excellence."
Impact factor measures the frequency with which the average article in a publication has been cited in a particular year. The calculation is based on a two-year period and involves dividing the number of times articles were cited by the number of articles that are citable. It offers a key metric to assess the overall strength and industry influence of a particular publication.
Overall, 11 IEEE CS journals now hold the coveted top impact factor ranking in their specialty field. The following four publications join TPAMI to round out the top five highest-ranked IEEE CS journals:
- IEEE Transactions on Affective Computing (TAC)
- IEEE Transactions on Knowledge and Data Engineering (TKDE), a new entrant to IEEE CS' top five journals
- IEEE Transactions on Services Computing (TSC)
- IEEE Transactions on Mobile Computing (TMC), a new entrant to IEEE CS' top five journals
In addition, IEEE CS' fully open access publication, IEEE Open Journal of the Computer Society, received its first impact factor in Clarivate's Emerging Sources Citation Index™ (ESCI), which features newly launched, niche, and open access journals publishing high-quality research on a range of topics. This is the first year Clarivate included the multidisciplinary ESCI in its JIF review.
"We're thrilled that IEEE Open Journal of the Computer Society had the opportunity to be recognized this year," said Greg Byrd, IEEE CS VP of Publications. "With the innovative research it brings to the field, it is certain to have a long-standing impact on the computer science and engineering community."
Impact factor applies not only to scientific and engineering journals but to technical magazines as well. Those IEEE CS publications with the highest impact factor rankings include:
"One of the most important things about impact factor rankings is that they point to the most highly researched topics in the field," said Patel. "This year, there's a heavy focus on artificial intelligence, data science, and mobile computing. It will be interesting to watch the evolution of these topics and the advances that arise from papers presented in Computer Society publications."
JIF rankings are released annually in Clarivate's Journal Citation Reports™ (JCR™). These reports evaluate more than 21,500 high-quality academic journals from across more than 250 scientific and research disciplines.
To learn more about IEEE Computer Society journals and the research they offer, visit https://www.computer.org/publications.
About the IEEE Computer Society
Engaging computer engineers, scientists, academia, and industry professionals from all areas of computing, the IEEE Computer Society (CS) sets the standard for the education and engagement that fuels continued global technological advancement. Through conferences, publications, and programs, and by bringing together computer science and engineering leaders at every phase of their career for dialogue, debate, and collaboration, IEEE CS empowers, shapes, and guides the future of not only its members, but the greater industry, enabling new opportunities to better serve our world. Visit computer.org for more information.
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Published: Jul. 31, 2023 at 3:15 PM CDT|Updated: 20 minutes ago
Second Quarter Highlights
Second quarter 2023 net income attributable to Huntsman of $19 million compared to $228 million in the prior year period; second quarter 2023 diluted earnings per share of $0.11 compared to $1.10 in the prior year period.
Second quarter 2023 adjusted net income attributable to Huntsman of $39 million compared to $250 million in the prior year period; second quarter 2023 adjusted diluted earnings per share of $0.22 compared to $1.21 in the prior year period.
Second quarter 2023 adjusted EBITDA of $156 million compared to $410 million in the prior year period.
Second quarter 2023 net cash provided by operating activities from continuing operations was $40 million. Free cash flow from continuing operations was a use of cash of $11 million for the second quarter 2023 compared to a source of cash of $178 million in the prior year period.
Repurchased approximately 3.8 million shares for approximately $98 million in the second quarter 2023.
THE WOODLANDS, Texas, July 31, 2023 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today reported second quarter 2023 results with revenues of $1,596 million, net income attributable to Huntsman of $19 million, adjusted net income attributable to Huntsman of $39 million and adjusted EBITDA of $156 million.
Peter R. Huntsman, Chairman, President, and CEO, commented:
"During the quarter, business activity in each of our core regions remained under pressure, although we did see demand fundamentals in many of our core markets stabilize, albeit at a lower level than the prior year. We continued to drive efficiencies in our cost structure which will ensure we are well positioned to improve profitability once demand returns to a more normalized level. We remain positive on the long-term trends and value we will capture in energy efficiency and lightweighting in the construction, transportation, and industrial markets. Over the past several years we have made a significant effort to reduce leverage and drive capital discipline. The output of this effort is now allowing us to return significant amounts of capital to shareholders during a year which for the chemical industry may end up being just as, if not more, challenging than the pandemic year 2020. Our financial strength is also allowing us to evaluate both organic and in-organic investment opportunities to strengthen our Company for the long-term, however, we will continue to be disciplined with our available capital and protect our investment grade rating."
Segment Analysis for 2Q23 Compared to 2Q22
Polyurethanes
The decrease in revenues in our Polyurethanes segment for the three months ended June 30, 2023 compared to the same period of 2022 was primarily due to lower sales volumes, lower MDI average selling prices and the negative impact of foreign currency exchange rate movements against the U.S dollar. Sales volumes decreased primarily due to lower demand, primarily in the Americas. MDI average selling prices decreased primarily due to less favorable supply and demand dynamics. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes, lower MDI margins, the negative impact of foreign currency exchange rate movements against the U.S. dollar and a gain from an insurance settlement received in the second quarter of 2022, partially offset by higher equity earnings from our minority-owned joint venture in China and cost savings achieved from our cost optimization programs.
Performance Products
The decrease in revenues in our Performance Products segment for the three months ended June 30, 2023 compared to the same period of 2022 was primarily due to lower sales volumes and reduced average selling prices, partially offset by improved sales mix. Sales volumes decreased in all regions primarily due to slowing construction activity, and reduced demand in coatings and adhesives, lubes and other industrial markets. The decrease in segment adjusted EBITDA was primarily due to decreased sales volumes and lower average selling prices.
Advanced Materials
The decrease in revenues in our Advanced Materials segment for the three months ended June 30, 2023 compared to the same period of 2022 was primarily due to lower sales volumes, partially offset by higher average selling prices. Sales volumes decreased primarily due to reduced customer demand in our infrastructure markets and the deselection of lower margin business. Average selling prices increased largely due to improved sales mix. The decrease in segment adjusted EBITDA was primarily due to lower sales volumes.
Corporate, LIFO and other
For the three months ended June 30, 2023, adjusted EBITDA from Corporate and other was a loss of $38 million, which remained the same as a loss of $38 million for the same period of 2022.
Liquidity and Capital Resources
During the three months ended June 30, 2023, our free cash flow from continuing operations was a use of cash of $11 million as compared to a source of cash of $178 million in the same period of 2022. As of June 30, 2023, we had approximately $1.9 billion of combined cash and unused borrowing capacity.
During the three months ended June 30, 2023, we spent $51 million on capital expenditures from continuing operations as compared to $65 million in the same period of 2022. During 2023, we expect to spend between $230 million to $250 million on capital expenditures.
Income Taxes
In the second quarter of 2023, our effective tax rate was 46% and our adjusted effective tax rate was 39%. We expect our 2023 adjusted effective tax rate to be approximately 26% to 29%. We expect our long-term adjusted effective tax rate to be approximately 22% to 24%. Our second quarter 2023 tax expense was negatively impacted by an $8 million non-cash valuation allowance increase.
Earnings Conference Call Information
We will hold a conference call to discuss our second quarter 2023 financial results on Tuesday, August 1, 2023, at 10:00 a.m. ET.
The conference call will be accompanied by presentation slides that will be accessible via the webcast link and Huntsman's investor relations website, www.huntsman.com/investors. Upon conclusion of the call, the webcast replay will be accessible via Huntsman's website.
Upcoming Conferences During the third quarter 2023, a member of management is expected to present at: UBS Chemical Conference on September 6, 2023 Jefferies Industrials Conference on September 7, 2023
A webcast of the presentation, if applicable, along with accompanying materials will be available at www.huntsman.com/investors.
About Huntsman: Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2022 revenues of approximately $8 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 60 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 7,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Forward-Looking Statements: This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, divestitures or strategic transactions, business trends and any other information that is not historical information. When used in this press release, the words "estimates," "expects," "anticipates," "likely," "projects," "outlook," "plans," "intends," "believes," "forecasts," or future or conditional verbs, such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, management's examination of historical operating trends and data, are based upon our current expectations and various assumptions and beliefs. In particular, such forward-looking statements are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the Company's operations, markets, products, prices and other factors as discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"). Significant risks and uncertainties may relate to, but are not limited to, increased energy costs in Europe, inflation and resulting monetary tightening in the US, geopolitical instability, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of the Company's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions and manufacturing optimization improvements in the Company's businesses and to realize anticipated cost savings, and other financial, operational, economic, competitive, environmental, political, legal, regulatory and technological factors. Any forward-looking statement should be considered in light of the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2022, which may be supplemented by other risks and uncertainties disclosed in any subsequent reports filed or furnished by the Company from time to time. All forward-looking statements apply only as of the date made. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.
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Utica, N.Y.-- A Utica man was arrested after he allegedly made threats to harm others and threw knives at police officers, all while having multiple needles stuck in his arm.
Officers were called to Lafayette Street at State Street to check on a male who was acting erratically and making threatening statements to passing pedestrians.
When officers arrived on scene, they noticed 43-year-old Joseph Arsenault of Utica with a tourniquet around his arm and multiple hypodermic needles sticking out from his arm.
They also found that he was armed with two knives. As officers were trying to negotiate with Arsenault, he began to walk toward an officer in an aggressive manner and threw the knives at the officer. That officer was able to take cover behind a tree and was uninjured. Another officer was able to taser Arsenault, who was then taken into custody and then transported to the hospital.
Arsenault was charged with 2 counts of menacing a police officer and criminal possession of a weapon.
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Two Lexington men plead guilty to meth conspiracy charges
COLUMBIA, S.C. (WIS) - Two Lexington men pleaded guilty in federal court to methamphetamine conspiracy charges.
According to the Department of Justice (DOJ), the Lexington County Sheriff’s Department (LCSD) Narcotics Enforcement Team along with the Bureau of Alcohol, Tobacco, Firearms and Explosives investigated Christopher Jeffcoat, 42, and Kenneth Frye, 59, alongside a third defendant, Jerry Cordell.
The DOJ said their investigation found the men distributed methamphetamine in Lexington County and an undercover agent bought methamphetamine ranging from 50 grams up to over 200 grams at a time from them on seven different occasions.
Jeffcoat and Frye face up to 40 years in federal prison, a fine of up to $250,000 and four years of probation following their time in prison.
A U.S. district judge accepted their guilty pleas and will sentence them both after receiving and reviewing a sentencing report prepared by the U.S. Probation Office, the DOJ added.
Cordell previously pleaded guilty for his involvement and is also waiting to be sentenced.
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PHILADELPHIA, July 31, 2023 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) today published its 2022 Sustainability Report, with the theme Reimagining Possibilities. The report provides updates on the company's progress against its 2030 and 2040 sustainability goals, includes new disclosures and reaffirms Livent's commitment to responsible production and expansion.
Paul Graves, president and chief executive officer of Livent, commented: "We believe the lithium industry will play an increasingly important role in the clean energy transition towards a more sustainable, low-carbon future. Our 2022 Sustainability Report demonstrates how Livent is reimagining what's possible for producing more of the lithium the world needs while continuing to lead our industry forward in corporate social responsibility, environmental stewardship and transparency."
Report Highlights:
- Initial global Scope 3 screening of Livent's Greenhouse Gas (GHG) emissions and first disclosures on global air pollutants
- Completion of ISO-compliant Life Cycle Assessments (LCAs) for all of Livent's major lithium chemical products, ahead of the original 2025 target
- Achievement of Livent's 2030 Waste Disposed intensity reduction target, ahead of schedule
- Summary of recent water and biodiversity studies conducted at the Salar del Hombre Muerto in Argentina
- Updates on other key collaborations and initiatives to support a low-carbon future, minimize environmental impacts, expand local community engagement and development efforts, protect human rights, and build a more engaged, diverse and inclusive workforce
To view Livent's 2022 Sustainability Report, visit livent.com/sustainability. The report will be made available in multiple languages.
Key ESG metrics in the report were reviewed and assured by ERM Certification and Verification Services (ERM CVS).
About Livent
For nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The Company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent has a combined workforce of approximately 1,350 full-time, part-time, temporary, and contract employees and operates manufacturing sites in the United States, England, China and Argentina. For more information, visit Livent.com.
Livent Forward-Looking Statements
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "will continue to," "will likely result," "is on track," "should," "expect," "expects," "intends," "plans," "anticipates," "believe," "believes," "estimates," "predicts," "potential," "continue," "could," "forecast," "future," "is confident that," or "projects," the negative of these terms and other comparable terminology. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within Livent's 2022 Form 10-K filed with the SEC as well as other SEC filings and public communications. Livent cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. Livent undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.
The Company's investor relations website, located at https://ir.livent.com, should be considered as a recognized channel of distribution, and the Company may periodically post important information to the website for investors, including information that the Company may wish to disclose publicly for purposes of complying with federal securities laws.
Media contact: Juan Carlos Cruz +1.215.299.6725
juan.carlos.cruz@livent.com
Investor contact: Daniel Rosen +1.215.299.6208
daniel.rosen@livent.com
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The Pro Football Hall of Fame will formally welcome its Class of 2023 on Saturday. This week, Yahoo Sports is highlighting each member of the nine-man class, leading up to the big ceremony.
Although Cincinnati Bengals cornerback Ken Riley was never selected to play in an AFL All-Star Game or a Pro Bowl after the AFL and NFL merger, his impact on the game went beyond those accolades.
A four-year starter in college, Riley was a quarterback at Florida A&M who brought the Rattlers to three Southern Intercollegiate Athletic Conference titles and a 23-7 record. He also shined academically, earning Rhodes Scholar candidacy.
Riley was selected in the sixth round of the 1969 Common Draft by the Cincinnati Bengals, where he would spend all 15 years of his professional career. Hall of Fame head coach Paul Brown converted Riley to a cornerback since the Bengals selected quarterback Greg Cook with the fifth overall pick of the draft.
"We were stereotyped then," Riley told The Ledger in 2008 of Black players. "Everything down the middle — the quarterback, the center, the middle linebacker — those positions required thinking, so they didn't put us there."
However, Riley excelled at his new position.
Riley’s impact on defense was clear — he made his first career interception in his fifth game.
"Kenny was a splendid player and still holds the Bengals record for most interceptions over a career," team owner Mike Brown said in 2022. "It would be a wonderful thing if he were selected for the Hall of Fame."
Riley's team record of 65 career interceptions has yet to be broken. He also held other Bengals records, such as most seasons played (15) and most interceptions in a single season (nine).
"I don't know how you put a number on intelligence," Riley's former Cincinnati teammate Cris Collinsworth said. "And I don't know how many touchdowns he saved the Bengals because he knew what was coming."
"Ken showed tremendous leadership as a student and a quarterback," Florida A&M Sports Hall of Fame chairman Alvin Hollins said to the Tallahassee Democrat in 2020. "The only regret is that he didn't get in the Pro Football Hall of Fame before he passed. Several of the players he coached made it to the NFL. We had great success with him as a coach and athletics director."
After his retirement from the NFL, Riley spent two years with the Green Bay Packers as an assistant coach. He eventually returned to his alma mater and served as Florida A&M's head coach from 1986-1993, earning two MEAC conference titles. Riley also served as FAMU's athletic director from 1994-2004.
He died in 2020 at the age of 72 from a heart attack.
Although this honor comes after his death, Riley believed that his work would eventually speak for itself. He never complained or sought public recognition.
"Your work speaks for you," Riley once said about the possibility of receiving the honor. "If it's God's will, maybe one day it will happen."
Riley’s widow, Barbara, will represent him in Canton when he is officially enshrined.
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NEW HARTFORD, N.Y. -- New Hartford Police are asking for the public's help in investigating an accident that occurred on Saturday afternoon.
According to a release by the police department, they, along with New York Mills Fire and Edwards Ambulance were dispatched to a car-pedestrian accident in front of Five Below in Consumer Square.
The victim was transported to St. Elizabeth's medical center.
New Hartford PD is looking for anyone who may have witnessed the accident. If you have information on what happened, you're asked to call New Hartford Police Officer Robert Cornish at 315-724-7111.
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ARMONK, N.Y., July 31, 2023 /PRNewswire/ -- The IBM (NYSE: IBM) board of directors has elected Michael Miebach to the board, effective October 30, 2023.
Michael Miebach, 55, is the chief executive officer of Mastercard Incorporated and a member of its board of directors. An innovator and technologist, Mr. Miebach has led Mastercard, a global technology company in the payments industry, since January 2021. Previously Mastercard's chief product officer, Mr. Miebach has deep experience in digital transformation, cybersecurity and delivering data-driven insights.
Arvind Krishna, IBM chairman and chief executive officer, said: "We are delighted that Michael Miebach will join the IBM board of directors. Michael is an accomplished technologist and international business leader. His insights and experience will strongly benefit IBM and its shareholders."
Mr. Miebach is a member of the Business Roundtable, the Business Council and the International Business Council of the World Economic Forum. He is a trustee of the United States Council for International Business and also serves on the United States Treasury Advisory Committee on Racial Equity.
Mr. Miebach holds a Master of Business Administration from the University of Passau in Germany.
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Aleksandar Kovacevic 2023 Mifel Open Odds
After bowing out in the round of 32 of the Hall of Fame Open in his most recent tournament (losing to Jordan Thompson), Aleksandar Kovacevic will open the Mifel Open versus Omni Kumar (in the round of 32). Kovacevic currently is +3300 to win it all at Cabo Sports Complex.
Find all the latest odds for the 2023 Mifel Open and place your bets with a new user bonus from BetMGM.
Kovacevic at the 2023 Mifel Open
- Next Round: Round of 32
- Tournament Dates: July 28 - August 6
- Venue: Cabo Sports Complex
- Location: Los Cabos, Mexico
- Court Surface: Hard
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Kovacevic's Next Match
In the round of 32 of the Mifel Open, on Monday, July 31 (at 11:40 PM ET), Kovacevic will play Kumar.
Kovacevic currently has odds of -350 to win his next matchup versus Kumar. Check out the latest odds for the entire field at BetMGM.
Want to bet on Kovacevic? Head to BetMGM using our link for a bonus bet special offer for new players!
Kovacevic Stats
- In his last match, Kovacevic came up short 0-6, 1-6 against Thompson in the Round of 32 of the Hall of Fame Open.
- Kovacevic is 9-14 over the past 12 months, with no tournament victories.
- Kovacevic is 7-9 on hard courts over the past 12 months.
- Kovacevic, over the past 12 months, has played 23 matches across all court types, and 25.2 games per match.
- On hard courts, Kovacevic has played 16 matches over the past year, and 25.6 games per match.
- When it comes to serve/return winning percentages over the past 12 months, Kovacevic has won 76.7% of his games on serve, and 17.0% on return.
- On hard courts over the past year, Kovacevic has been victorious in 17.6% of his return games and 78.6% of his service games.
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Jackpocket Crowns its First $100K Winner in Massachusetts, Partnership With Circle K Offers a New, Convenient Way to Play the Lottery
BOSTON, July 31, 2023 /PRNewswire/ -- Jackpocket, America's #1 lottery app*, launched in Massachusetts in partnership with Circle K, one of the largest convenience store brands in the United States.
Yesterday, a Jackpocket customer ordered a $100,000 winning lottery ticket for the daily "Mass Cash" drawing using the app.
"We are excited that our partnership with Circle K landed our first $100K winner in the Bay State, cementing Jackpocket's presence in Massachusetts," said Peter Sullivan, CEO of Jackpocket. "Jackpocket's mission is to make the lottery more accessible and convenient to play. As Tuesday's Mega Millions crosses the $1 billion mark, it's easier than ever to play your favorite games from anywhere in Massachusetts."
To celebrate the new partnership, Jackpocket is offering lottery fans across the state their first lottery ticket for free on the app. New players will receive a $2 lottery ticket by entering the code HEYMASS at checkout. Lottery fans can play Powerball and Mega Millions—currently over $1.05B—as well as local favorites MassCash (the game responsible for the $100K winning ticket), Megabucks Doubler, Lucky for Life, and The Numbers Game.
"We're proud to partner with Jackpocket in Massachusetts and make this fun and convenient experience available to every lottery player across the state," said Melissa Lessard, the head of North American marketing at Circle K. "At Circle K, we are always looking for ways to make life a little easier for our customers and providing the opportunity for customers to order official state lottery tickets with just the tap of a button through the Jackpocket app is yet another example of that commitment."
Massachusetts is now the 17th state available for lottery play on the Jackpocket app. Jackpocket is iCAP certified for best practices in player protection, backed by the expertise of the National Council on Problem Gambling. To ensure player safety, Jackpocket offers consumer protections such as daily deposit and spend limits, self-exclusion, and in-app access to responsible gambling resources.
*According to data from AppFollow
*Must be 18 or older to play. Jackpocket is not affiliated with and is not an agent of the Massachusetts State Lottery. Please visit jackpocket.com/tos for full terms of service. Gambling Problem? Call 1-800-327-5050.
Are You Our Next BIG Winner? Visit play.jackpocket.com or download Jackpocket for iOS and Android and get in the game. New players can receive a $2 lottery ticket by entering the code HEYMASS at checkout.
About Jackpocket
Jackpocket is on a mission to create a more convenient, fun, and responsible way to take part in the lottery. The first licensed third-party lottery courier app in the United States, Jackpocket provides an easy, secure way to order official state lottery tickets. Jackpocket is currently available in Arizona, Arkansas, Colorado, Idaho, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oregon, Texas, Washington D.C., and West Virginia, and is expanding to many new markets. Download the app on iOS and Android or participate via desktop. Follow along on Facebook, Twitter and Instagram.
About Circle K and Alimentation Couche-Tard Inc.
Couche-Tard is a global leader in convenience and mobility, operating in 25 countries and territories, with more than 14,400 stores, of which approximately 11,000 offer road transportation fuel. With its well-known Couche-Tard and Circle K banners, it is one of the largest independent convenience store operators in the United States and it is a leader in the convenience store industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, as well as in Ireland. It also has an important presence in Poland and Hong Kong Special Administrative Region of the People's Republic of China. Approximately 128,000 people are employed throughout its network.
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https://www.1011now.com/prnewswire/2023/07/31/massachusetts-lottery-fans-can-now-play-record-105b-mega-millions-their-phone/
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Phoenix is expected to get another heatwave this week, after the city has already suffered under high temperatures that surpassed 110°F for a national-record of 31 consecutive days through Sunday.
While extreme heat affects everyone, the harms fall most on people experiencing homelessness and lower-income families who are more likely to lack access to air conditioning. Sitting or falling on the sidewalk is especially dangerous, because pavement absorbs heat and can reach temperatures of 180 in Phoenix, causing severe burns.
"Unhoused people accounted for about 40% of the 425 heat-associated deaths tallied last year in Maricopa County, home to Phoenix," the Associated Press recently reported.
"If this continues, we will see more heat-related deaths," Amy Schwabenlender, head of the Human Services Campus, a medical and social services center near "The Zone," an area where Phoenix's homeless population is clustered, told the news agency AFP earlier this month. "It is a life-and-death situation."
Unequal access to air conditioning is just one of the many ways that the growing effects of climate change have the biggest implications for the least advantaged. Here are some others.
Urban heat islands
More than 40 million Americans in cities are experiencing far more intense heat than those in rural areas thanks to urban "heat islands," according to an analysis released last week by the nonprofit research group Climate Central. Temperatures can be more than 8 degrees Fahrenheit warmer than in nearby rural environments.
Urban heat islands are created in cities where open land has been replaced with buildings, concrete sidewalks, paved parking lots and other materials that absorb and retain heat.
Due to fewer heat-reducing amenities like parks, yards and street trees, low-income neighborhoods and communities of color are more likely to be in severe heat islands. Baltimore's Franklin Square, a high-poverty, majority-Black neighborhood, is hotter than about two-thirds of the neighborhoods in the city and roughly 6 degrees hotter than Baltimore's coolest neighborhood, according to a 2019 investigation by NPR and the University of Maryland's Howard Center.
Outdoor work
Those in blue-collar occupations are far more likely to work outdoors in extreme heat. "Extreme heat poses a major health risk for outdoor workers, like UPS delivery people," Fortune reported last Friday. "Videos of drivers passing out have spread across social media."
As Voice of America noted last year, for many hourly workers, in the construction industry, even having the work day shortened in extreme heat has a downside, as it means lower earnings.
Wildfire smoke
Much of the northern United States has been dealing with air pollution caused by smoke drifting from hundreds of Canadian wildfires.
Low-income and communities of color have higher baseline rates of particle pollution because they are often near air pollution sources like highways and ports.
"Whether it's diesel trucks and buses in people's neighborhoods, commuter cars or power plants — there are a lot of communities that have already been impacted by air pollution," Sacoby Wilson, a public health professor at the University of Maryland, told Yahoo News last month. "This additional pollution from wildfires is making that situation worse."
This dangerous combination of brutal heat and wildfire smoke can lead to a variety of health effects ranging from asthma to reduced lung function, cardiovascular disease and death.
Flooding
Since warmer air holds more moisture, rainfall has been increasingly extreme in recent years, leading to flash floods like those that have recently killed residents of Pennsylvania, New Yorkand Vermont.
Due to lower-quality infrastructure, poorer communities are more vulnerable in floods. This is especially true in developing countries. Last September, flooding in Pakistan killed over 1,700 people, in part because buildings, roads and power lines are less fortified than in rich countries and weather tracking and emergency services are less advanced. (Flooding has already killed 55 Pakistanis this year.)
Last year, when flooding killed 13 New York City residents, 11 were in basement apartments. These often-cramped, illegal units are relatively affordable, due to their lack of light and air, but are more susceptible to flooding.
Sea-level rise caused by melting polar ice caps is also contributing to stronger hurricanes. In 2005, Hurricane Katrina the mortality rate among Black residents of Orleans Parish was up to 4 times as high as for white residents, according to the National Institute for Health, because many lower-income residents lacked the means to evacuate.
Solutions
Cities are beginning to address the threat from extreme heat. Eight cities around the world have appointed chief heat officers, including Miami, Los Angeles and Phoenix to coordinate heat preparedness and response.
Phoenix is opening air-conditioned cooling centers, arranging transportation to get the carless to them, and sending out volunteers with water bottles. It is also embarking on new strategies to reduce the urban heat island effect, such as painting pavement lighter colors that reflect heat instead of absorbing it.
To preserve access to air conditioning, some experts argue that utilities should be prevented from shutting electricity use for nonpayment in the summertime and that the federal government should subsidize electricity use for low-income households in the same way that it does home heating fuel.
"It's clear that we need to act now to develop a nationwide framework for climate adaptation to protect all vulnerable families from hotter summers, higher bills and more extreme weather events," Mark Wolfe and Cassandra Lovejoy, the co-directors of the Center on Energy Poverty, wrote last Thursday in CNN.
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Morning: Patchy drizzle. Mid 50s.
Afternoon: Passing storm. Mostly sunny. High 73.
Tonight: Mostly clear. Low 53.
Tomorrow: Mostly sunny and cooler. High 73. Low 52.
The cooler weather continues this week with lo humidity. Humidity plans to increase again as we head into next weekend along with unsettled weather.
It is possible to see a light lake effect drizzle upon waking up this morning. Chilly weather to start, just in the 50s! Temperatures today are expected to reach the low 70s. It will be mostly sunny, with the possibility of a passing shower or storm this afternoon. The weather remains dry and sunny for Tuesday and Wednesday, with highs in the low to mid 70s.
The humidity starts to increase for Thursday as a cold front approaches. A few showers and storms are possible Thursday evening. Highs in the mid 70s. Showers and storms continue into Friday, with highs in the mid 70s. The weather dries out again for next weekend with sunshine. We're a little warmer with highs in the upper 70s on Saturday and Sunday.
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| 2023-07-31T20:35:17
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IEEE Transactions on Pattern Analysis and Machine Intelligence (TPAMI) achieves highest impact factor among Computer Society journals
LOS ALAMITOS, Calif., July 31, 2023 /PRNewswire/ -- The IEEE Computer Society (CS), the leading global computer science and engineering member community, announced today that its journal IEEE Transactions on Pattern Analysis and Machine Intelligence (TPAMI) earned the highest 2022 Journal Impact Factor™ (JIF™) of all IEEE CS publications, securing the top spot among artificial intelligence journals.
"Computer science and engineering represent some of the most prominent, promising areas of research today," said Nita Patel, president, IEEE CS. "As the number of papers in our field continues to climb, paper acceptance gets increasingly competitive, and our editors work tirelessly to ensure that only the top papers make their way into our journals. We're thrilled to, once again, hold top impact factor rankings, and we thank all of our volunteers for their commitment to excellence."
Impact factor measures the frequency with which the average article in a publication has been cited in a particular year. The calculation is based on a two-year period and involves dividing the number of times articles were cited by the number of articles that are citable. It offers a key metric to assess the overall strength and industry influence of a particular publication.
Overall, 11 IEEE CS journals now hold the coveted top impact factor ranking in their specialty field. The following four publications join TPAMI to round out the top five highest-ranked IEEE CS journals:
- IEEE Transactions on Affective Computing (TAC)
- IEEE Transactions on Knowledge and Data Engineering (TKDE), a new entrant to IEEE CS' top five journals
- IEEE Transactions on Services Computing (TSC)
- IEEE Transactions on Mobile Computing (TMC), a new entrant to IEEE CS' top five journals
In addition, IEEE CS' fully open access publication, IEEE Open Journal of the Computer Society, received its first impact factor in Clarivate's Emerging Sources Citation Index™ (ESCI), which features newly launched, niche, and open access journals publishing high-quality research on a range of topics. This is the first year Clarivate included the multidisciplinary ESCI in its JIF review.
"We're thrilled that IEEE Open Journal of the Computer Society had the opportunity to be recognized this year," said Greg Byrd, IEEE CS VP of Publications. "With the innovative research it brings to the field, it is certain to have a long-standing impact on the computer science and engineering community."
Impact factor applies not only to scientific and engineering journals but to technical magazines as well. Those IEEE CS publications with the highest impact factor rankings include:
"One of the most important things about impact factor rankings is that they point to the most highly researched topics in the field," said Patel. "This year, there's a heavy focus on artificial intelligence, data science, and mobile computing. It will be interesting to watch the evolution of these topics and the advances that arise from papers presented in Computer Society publications."
JIF rankings are released annually in Clarivate's Journal Citation Reports™ (JCR™). These reports evaluate more than 21,500 high-quality academic journals from across more than 250 scientific and research disciplines.
To learn more about IEEE Computer Society journals and the research they offer, visit https://www.computer.org/publications.
About the IEEE Computer Society
Engaging computer engineers, scientists, academia, and industry professionals from all areas of computing, the IEEE Computer Society (CS) sets the standard for the education and engagement that fuels continued global technological advancement. Through conferences, publications, and programs, and by bringing together computer science and engineering leaders at every phase of their career for dialogue, debate, and collaboration, IEEE CS empowers, shapes, and guides the future of not only its members, but the greater industry, enabling new opportunities to better serve our world. Visit computer.org for more information.
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Ben Shelton 2023 Citi Open Odds
After bowing out in the round of 32 of the Truist Atlanta Open in his last tournament (losing to Juncheng Shang), Ben Shelton will start the Citi Open versus Shang (in the round of 32). Shelton has +2800 odds to win this tournament at William H.G. FitzGerald Tennis Center.
Find all the latest odds for the 2023 Citi Open and place your bets with a new user bonus from BetMGM.
Shelton at the 2023 Citi Open
- Next Round: Round of 32
- Tournament Dates: July 28 - August 7
- Venue: William H.G. FitzGerald Tennis Center
- Location: Washington, District of Columbia
- Court Surface: Hard
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Shelton's Next Match
Shelton will play Shang in the round of 32 of the Citi Open on Tuesday, August 1 at 7:00 PM ET.
Want to bet on Shelton? Head to BetMGM using our link for a bonus bet special offer for new players!
Shelton Stats
- In his most recent tournament, the Truist Atlanta Open, Shelton was eliminated in the Round of 32 by No. 156-ranked Shang, 4-6, 4-6.
- Through 20 tournaments over the past 12 months, Shelton has gone 12-20 and has yet to win a title.
- In 10 tournaments on hard courts over the past year, Shelton has gone 8-10.
- Over the past year (across all court surfaces), Shelton has played 32 matches and 29.8 games per match.
- Shelton, in 18 matches over the past year on hard courts, has played 30.1 games per match and won 49.3% of them.
- When it comes to serve/return winning percentages over the past 12 months, Shelton has won 82.1% of his games on serve, and 15.4% on return.
- As far as serve/return winning percentages on hard courts over the past year, Shelton has won 85.2% of his games on serve and 14.8% on return.
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| 2023-07-31T20:35:20
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Tech Veteran Brings Nearly Three Decades of Experience to Help Drive Growth for Leading Fast-Casual Mexican Restaurant
SAN DIEGO, July 31, 2023 /PRNewswire/ -- Modern Restaurant Concepts ("MRC"), a leading fast-casual restaurant platform comprised of the QDOBA and Modern Market Eatery brands, announced that Prashant Budhale has joined the company as Chief Technology Officer. Budhale brings more than 28 years of experience in technology leadership to MRC, and as CTO, will lead all technology across MRC brands.
"We are excited for Prashant to join the MRC team," said John Cywinski, CEO of Modern Restaurant Concepts. "I view technology as a foundational enabler of all that we do in the restaurant business, from a guest, team member, and corporate enterprise perspective. Prashant will lead our strategy to drive technology as a powerful brand differentiator, and he will be a terrific collaborator with our existing leadership team as well as our franchise partners moving forward."
"I'm excited about QDOBA's history of strong same store sales growth, potential for net unit growth, and the ability for technology to make a positive impact to both guest and team member experiences," Budhale said. "I'm also very encouraged by John's vision and Butterfly Equity's commitment to the growth of brands within MRC portfolio."
Prior to joining Modern Restaurant Concepts, Budhale served as Head of Technology for SONIC Drive-In, part of the Inspire Brands portfolio. At SONIC, he was responsible for the vision, development, and implementation of all technology initiatives across the 3,550 unit, $6B brand. Prior to SONIC, Prashant was Senior Director for Pizza Hut, part of YUM! Brands, where he led retail technology. Earlier in his career, Prashant worked as a software development consultant with IBM, Allstate, Oracle, Capgemini, and Fujitsu America.
QDOBA is a fast casual Mexican restaurant with over 750 locations in the U.S. and Canada. Committed to delivering flavor to people's lives, QDOBA uses ingredients prepared in-house, by hand, and fresh throughout the day, to create delicious menu options. Guests can experience QDOBA's delicious flavors by enjoying one of its signature menu options that are chef-crafted for convenience and ease or by customizing their burritos, tacos, burrito bowls, salads, quesadillas, and nachos to fit their personal tastes. For five years running, QDOBA has been voted the "Best Fast Casual Restaurant" as part of the USA TODAY 10Best Readers' Choice Awards. Discover more at www.QDOBA.com or on the QDOBA app.
For more information on the company, please visit www.QDOBA.com or follow the brand on Instagram, Facebook, Twitter and TikTok.
About Modern Restaurant Concepts
Modern Restaurant Concepts is one of the largest fast casual restaurant platforms in North America with nearly 800 units across two brands, QDOBA and Modern Market Eatery. The system operates corporate-owned and franchised units across nearly every U.S. state as well as Canada and Puerto Rico. Modern Restaurant Concepts is owned by Butterfly Equity, a Los Angeles-based private equity firm specializing in the food sector, with more than $10 billion of equity capital in companies ranging from growth-stage to Fortune 500 enterprises.
QDOBA is a fast casual Mexican restaurant with over 750 locations in the U.S. and Canada. Committed to delivering flavor to people's lives, QDOBA uses ingredients prepared in-house, by hand, and fresh throughout the day, to create delicious menu options. Guests can experience QDOBA's delicious flavors by enjoying one of its signature menu options that are chef-crafted for convenience and ease or by customizing their burritos, tacos, burrito bowls, salads, quesadillas, and nachos to fit their personal tastes. For five years running, QDOBA has been voted the "Best Fast Casual Restaurant" as part of the USA TODAY 10Best Readers' Choice Awards. Discover more at www.QDOBA.com or on the QDOBA app.
Modern Market Eatery is a food forward, sustainable fast casual restaurant concept that operates in Colorado, Texas, Arizona, and Indiana. Delivering the freshness and flavors of the market in a modern dining format and environment, Modern Market Eatery's menu of protein-centric bowls, garden fresh salads, toasted sandwiches and brick-oven pizzas redefine what it means to eat well at a reasonable price. For additional information about Modern Market Eatery, please visit www.modernmarket.com.
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| 2023-07-31T20:35:21
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Subscribe to The College Football Enquirer
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Dan Wetzel, Ross Dellenger & SI’s Pat Forde break down the fallout from last week’s news of Colorado leaving the Pac-12 for the Big 12.
Now that the dust has settled on Colorado’s exodus to the Big 12, the guys discuss which team could leave the Pac-12 next. The University of Arizona seems to be the most logical program to join a new conference, but the Pac-12 may not be willing to let another member go. Big 12 commissioner Brett Yormark has shown his savvy this offseason by keeping his foot on the pedal to acquire talented programs so it doesn’t look like he will stop until the Big 12 has 14 teams.
A new article came out from University of Minnesota players critiquing PJ Fleck and the culture of the football program. The show dissects the article and determines how much weight it does and should carry. PJ Fleck is an interesting character for sure, but there doesn’t seem to be much evidence of a toxic environment for student athletes.
New Ohio State commit Aaron Scott, Jr. took a moment to troll Michigan fans during his recruitment video. Scott revealed an Ohio State jersey that was pulled out of a University of Michigan backpack, giving the Michigan faithful a quick glimmer of hope before taking it away.
Hugh Freeze had a big week on the recruiting trail with a couple highly touted prospects committing to Auburn, including flipping a 5-star wideout from Alabama. Aside from football, Freeze won the first golf flight at the Auburn University Club. After some extensive investigative journalism, the podcast deduces that Hugh Freeze may in fact be a very good golfer.
Lastly, an Ohio State player isn’t as focused on NIL money, but rather farming supplies.
1:00 - What is the Pac-12's next move?
23:56 Do the Minnesota Golden Gophers have a toxic program?
45:00 Aaron Scott Jr commits to Ohio State over Michigan
48:40 Auburn is recruiting exceptionally well in Alabama right now
57:39 Ohio State’s Cade Stover has a unique NIL request
Follow Dan @DanWetzel
Follow Pat @ByPatForde
Follow Ross @RossDellenger
Check out all the episodes of the College Football Enquirer and the rest of the Yahoo Sports podcast family at https://apple.co/3zEuTQj or at Yahoo Sports Podcasts
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| 2023-07-31T20:35:21
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STATE OF NEW YORK (WKTV) -- New York State Police in Herkimer are asking for the public's help finding a missing 15-year-old female.
Emily R. Clapper was last seen leaving a house on State Route 51 in the Town of Winfield on July 29, 2023.
"She is described as a 5’4" white female with red hair. She was last seen wearing a grey hoodie, black leggings, and a pink shirt," police said.
Clapper is originally from Oneonta, and she is believed to be returning to Oneonta or Utica to stay with acquaintances.
If you have information, you're asked to call State Police at 315-366-6000.
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https://www.wktv.com/news/troopers-trying-to-locate-missing-local-15-year-old-girl/article_f5f1f236-2fb6-11ee-b767-6347d7400036.html
| 2023-07-31T20:35:24
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PHILADELPHIA, July 31, 2023 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) today published its 2022 Sustainability Report, with the theme Reimagining Possibilities. The report provides updates on the company's progress against its 2030 and 2040 sustainability goals, includes new disclosures and reaffirms Livent's commitment to responsible production and expansion.
Paul Graves, president and chief executive officer of Livent, commented: "We believe the lithium industry will play an increasingly important role in the clean energy transition towards a more sustainable, low-carbon future. Our 2022 Sustainability Report demonstrates how Livent is reimagining what's possible for producing more of the lithium the world needs while continuing to lead our industry forward in corporate social responsibility, environmental stewardship and transparency."
Report Highlights:
- Initial global Scope 3 screening of Livent's Greenhouse Gas (GHG) emissions and first disclosures on global air pollutants
- Completion of ISO-compliant Life Cycle Assessments (LCAs) for all of Livent's major lithium chemical products, ahead of the original 2025 target
- Achievement of Livent's 2030 Waste Disposed intensity reduction target, ahead of schedule
- Summary of recent water and biodiversity studies conducted at the Salar del Hombre Muerto in Argentina
- Updates on other key collaborations and initiatives to support a low-carbon future, minimize environmental impacts, expand local community engagement and development efforts, protect human rights, and build a more engaged, diverse and inclusive workforce
To view Livent's 2022 Sustainability Report, visit livent.com/sustainability. The report will be made available in multiple languages.
Key ESG metrics in the report were reviewed and assured by ERM Certification and Verification Services (ERM CVS).
About Livent
For nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The Company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent has a combined workforce of approximately 1,350 full-time, part-time, temporary, and contract employees and operates manufacturing sites in the United States, England, China and Argentina. For more information, visit Livent.com.
Livent Forward-Looking Statements
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "will continue to," "will likely result," "is on track," "should," "expect," "expects," "intends," "plans," "anticipates," "believe," "believes," "estimates," "predicts," "potential," "continue," "could," "forecast," "future," "is confident that," or "projects," the negative of these terms and other comparable terminology. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within Livent's 2022 Form 10-K filed with the SEC as well as other SEC filings and public communications. Livent cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. Livent undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.
The Company's investor relations website, located at https://ir.livent.com, should be considered as a recognized channel of distribution, and the Company may periodically post important information to the website for investors, including information that the Company may wish to disclose publicly for purposes of complying with federal securities laws.
Media contact: Juan Carlos Cruz +1.215.299.6725
juan.carlos.cruz@livent.com
Investor contact: Daniel Rosen +1.215.299.6208
daniel.rosen@livent.com
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SOURCE Livent Corporation
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Ernesto Escobedo 2023 Mifel Open Odds
Ernesto Escobedo will begin the Mifel Open in Los Cabos, Mexico versus Jason Jung in the round of 32. He was knocked off by Brandon Holt in the qualification round 1 of the Abierto Mexicano Telcel presentado por HSBC (his previous tournament). Escobedo has +8000 odds to be crowned champion at Cabo Sports Complex.
Find all the latest odds for the 2023 Mifel Open and place your bets with a new user bonus from BetMGM.
Escobedo at the 2023 Mifel Open
- Next Round: Round of 32
- Tournament Dates: July 28 - August 6
- Venue: Cabo Sports Complex
- Location: Los Cabos, Mexico
- Court Surface: Hard
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Escobedo's Next Match
In his opener at the Mifel Open, on Tuesday, August 1 (at 9:00 PM ET) in the round of 32, Escobedo will play Jung.
Escobedo currently has odds of -120 to win his next contest against Jung. Check out the latest odds for the entire field at BetMGM.
Want to bet on Escobedo? Head to BetMGM using our link for a bonus bet special offer for new players!
Escobedo Stats
- Escobedo came up short in his last match, 4-6, 7-6, 2-6 versus Holt in the qualifying round of the Abierto Mexicano Telcel presentado por HSBC on February 25, 2023.
- In five tournaments over the past 12 months, Escobedo is 4-5 and has yet to win a title.
- Escobedo is 4-5 on hard courts over the past year.
- Through nine matches over the past 12 months (across all court surfaces), Escobedo has played 25.6 games per match. He won 49.1% of them.
- In his nine matches on hard courts over the past year, Escobedo has played 25.6 games per match.
- Escobedo has won 19.7% of his return games and 80.6% of his service games over the past 12 months.
- Escobedo has claimed 80.6% of his service games on hard courts and 19.7% of his return games over the past 12 months.
Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER.
© 2023 Data Skrive. All rights reserved.
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2025 Cruises and Cruisetours from Alaska's Leading Cruise Line
on Sale August 3
Family Favorite Caribbean Princess to Sail Alaska for First Time
SANTA CLARITA, Calif., July 31, 2023 /PRNewswire/ -- Princess Cruises has unveiled its 2025 Alaska cruise and cruisetours season, featuring three captivating roundtrip itineraries and an exclusive new National Parks Cruisetour. These remarkable offerings are available for booking starting August 3.
New Adventures and Extended Journeys Await, including a Departure from LA:
New for 2025 from the cruise line that brings the most guests to Alaska every year is a 22-day roundtrip voyage sailing from San Francisco on Ruby Princess that coincides with the Summer Solstice, and a 17-day roundtrip cruise from Seattle on Grand Princess featuring three days of scenic glacier viewing. For guests seeking to sail from Southern California, a new 16-day roundtrip Inside Passage voyage from Los Angeles on Grand Princess offers a convenient and affordable option.
National Parks Cruisetour
Following its debut in 2024, the National Parks Cruisetour returns in 2025 with a 15-night adventure to five of Alaska's most breathtaking parks. Guests will have the opportunity to explore Glacier Bay, Denali, Wrangell-St. Elias, Kenai Fjords National Parks, and Klondike Gold Rush National Historical Park in Skagway. Unique to Princess, this experience combines a seven-day Voyage of the Glaciers cruise, scenic rail travel, and multiple days on land, including stays at four Princess-owned wilderness lodges.
"As the market leader in Alaska, we're excited to offer guests even more exciting ways to see the natural beauty of Alaska with itineraries in 2025 that serve up new adventures and extended journeys that first-time guests and repeat visitors are going to find intriguing," said John Padgett, Princess Cruises president. "We're also making it easier for guests to access an Alaska cruise by bringing back a roundtrip option out of Los Angeles, which also make it more affordable for millions within that drive market."
Caribbean Princess to Debut in Alaska in 2025
In 2025, seven Princess ships will sail to Alaska, including Caribbean Princess for the first time. In addition, the number of Princess homeports offering Alaska voyages expands to five with the addition of Los Angeles, with the season featuring 21 cruise destinations and four glacier-viewing experiences, highlighted by 88 visits to Glacier Bay National Park, taking more guests to this spectacular national park than any other cruise line.
With 155 total departures on 18 unique itineraries ranging in length from 4 to 22 days, cruise and cruisetour choices include:
Cruises – Seven Ships, Five Homeports
- NEW! Ultimate Alaska Solstice with Glacier Bay National Park: 22-day roundtrip from San Francisco on Ruby Princess – departs June 6, 2025
- NEW! Ultimate Alaska with Glacier Bay National Park: 17-day roundtrip from Seattle on Grand Princess – departs May 6, 2025
- Inside Passage with Glacier Bay National Park: 16-day roundtrip from Los Angeles on Grand Princess visiting Juneau, Skagway, Glacier Bay National Park, Sitka, Icy Strait Point, Ketchikan and Victoria, B.C. – departs August 30, 2025
- Voyage of the Glaciers: This top-rated seven-day itinerary features Juneau, Skagway, Ketchikan, and two glacier-viewing experiences at Glacier Bay National Park and Hubbard Glacier or College Fjord. Caribbean Princess, Coral Princess, and Sapphire Princess offer weekly northbound and southbound cruises from Vancouver, B.C. to Anchorage (Whittier) and vice versa. Guests can combine select seven-day voyages for an amazing 14-day Voyage of the Glaciers Grand Adventure – operates May 10 to September 13, 2025.
- Inside Passage: Princess' signature seven-day roundtrip sailings from Seattle and Vancouver, B.C., as well as 11-day roundtrip departures from San Francisco and Vancouver that include four ports of call and a day of glacier viewing. Many Inside Passage cruises include Glacier Bay National Park. Discovery Princess and Royal Princess sail from Seattle weekly, May 4 – September 21, 2025. Grand Princess offers weekly cruises from Vancouver, B.C., May 27 – August 19, 2025. Ruby Princess sails 11-day cruises roundtrip from San Francisco May 4 – September 13, 2025.
- Alaska Samplers: Three itineraries of four to five days offer shorter voyages for guests looking for a quick getaway. Discovery Princess, Royal Princess and Grand Princess operate four-day, roundtrip voyages between Vancouver, B.C. to Seattle with a stop in Ketchikan – departing April 30, May 13 and May 23, 2025. Caribbean Princess sails a four-day, roundtrip cruise from Vancouver, B.C., with a visit to Ketchikan departing September 13, 2025, and a five-day roundtrip cruise from Vancouver, B.C., with stops in Sitka and Ketchikan sailing May 5, 2025.
Cruisetours
- More than 26 cruisetour options give guests variety of choice with four styles of travel including Denali Explorer tours, On Your Own options, Connoisseur Deluxe Escorted and Off the Beaten Path.
- The exclusive Direct-to-the-Wilderness rail service ensures a seamless transition between the ship in Whittier and the Denali area on the same day.
Award-Winning North to Alaska Program
Princess' award-winning North to Alaska program enriches the onboard and onshore experience with local lumberjacks, Iditarod champions, and storytellers sharing their Alaska experiences and insights. Other offerings include Wild for Alaska seafood menus, a variety of shore excursions, Puppies in the Piazza to meet sled-dog puppies, Junior Ranger program for youth, and authentic commentary by Glacier Bay Park Rangers and Naturalists.
Visit www.princess.com/alaska for more details on the 2025 Alaska cruises and cruisetours season from Princess Cruises.
Additional information about Princess Cruises is available through a professional travel advisor, by calling 1-800-Princess (1-800-774-6237) or by visiting www.princess.com.
About Princess Cruises
Princess Cruises is The Love Boat, the world's most iconic cruise brand that delivers dream vacations to millions of guests every year in the most sought-after destinations on the largest ships that offer elite service personalization and simplicity customary of small, yacht-class ships. Well-appointed staterooms, world class dining, grand performances, award-winning casinos and entertainment, luxurious spas, imaginative experiences and boundless activities blend with exclusive Princess MedallionClass service to create meaningful connections and unforgettable moments in the most incredible settings in the world - the Caribbean, Alaska, Panama Canal, Mexican Riviera, Europe, South America, Australia/New Zealand, the South Pacific, Hawaii, Asia, Canada/New England, Antarctica, and World Cruises. The company is part of Carnival Corporation & plc (NYSE/LSE:CCL; NYSE:CUK).
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The NFL expanded the sexual assault portion of its personal conduct policy on Monday in the wake of Cleveland Browns quarterback Deshaun Watson's 11-game suspension last season, according to The New York Times' Jenny Vrentas.
The NFL altered its personal conduct policy to include sexual assault “involving threats or coercion,” and included a “pattern of conduct” and “offenses that involve planning” as factors that can lead to more serious penalties. The changes came in response to a judgment that former federal judge Sue L. Robinson issued last year in regards to Watson, per the report.
"We annually review our policies and programs with an eye toward continuous improvement based off previous experiences," NFL spokesman Brian McCarthy told The New York Times.
The Browns traded for Watson last year despite more than 20 accusations that he had sexually harassed and assaulted massage therapists during his time with the Houston Texans. More specifically, many women who accused Watson said they felt threatened or intimidated by Watson both due to him being an NFL quarterback and due to the impact he could have, both positively and negatively, on their business.
Watson has denied the accusations, and two Texas grand juries declined to pursue criminal charges against him. He has since settled all but two lawsuits that were filed against him, too.
Despite the allegations, the Browns signed Watson to a five-year, $230 million fully guaranteed deal. It marked the largest guaranteed money sum in NFL history.
Robinson oversaw the NFL’s investigation into Watson, and she initially suspended him for six games. In her decision, she cited the NFL’s guidelines as her reasoning for not pursuing a harsher punishment despite what she called “predatory” and “egregious” behavior from Watson. There was a clear difference in the NFL’s policy between physically violent and nonviolent offenses, and the policy called for a six-game suspension for first-time offenders who used physical violence.
The NFL and Watson eventually settled on an 11-game suspension. Watson was also fined $5 million and forced to enter a mandatory treatment program.
The new policy now includes sexual assault “involving threats or coercion” to the list of offenses that carry stricter punishment. A second violation, per the report, will result in banishment from the NFL. The revised policy also gives power to a third-party investigator to impose stricter penalties on players “for other types of prohibited conduct.” Including threats and coercion as means for sexual assault now brings the NFL’s policy in line with Major League Baseball and the NBA, as well as many states.
Watson appeared in the final six games of the season last year for the Browns, who went 7-10 and missed the playoffs for the 19th time in the last two decades. Watson threw for 1,102 yards, seven touchdowns and five interceptions.
"The whole situation changed me," Watson said of his suspension at training camp last week. "In a situation where I just had to lock in on myself, channel and really know who I'm surrounding myself with and just really who's going to be there and support me even when I'm at my lowest point and the last few years were definitely my lowest point in my life. But that's part of life. I just grow from it, I learn from it. I continue to move forward and push forward and continue to show my real character, my real personality and who I am."
The Browns will open their season against the Cincinnati Bengals on Sept. 10.
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UTICA, N.Y. (WKTV) -- Here is a selection of the top stories from the week of July 24.
Fairs, bears and stairs—those are the themes of the trending stories from the week. Stories about sports and a story about a flower field also made the top spots this week.
1. The story with the most engagement this week was one about a Rome sunflower field opening back up for another season. We spoke with the owner of Wagner Farm to see what visitors can expect this year. There are some fast facts about the Wagner Farm Sunflower Field at the bottom of that story.
Wagner Farm announced that it will be bringing back the much-anticipated sunflower fields at Old Oneida Road in Rome.
2. Two sports stories tied for the second-place spot as the article trending most. The most reactions on social media go to baseball-themed stories. A New Hartford Little League team had something to brag about this week. And the National Baseball Hall of Fame Induction Weekend wrapped up on Monday; we were there to cover it.
It may be Monday, but Hall of Fame Induction Weekend in Cooperstown is wrapping up today.
Seven teams from across the state are all that stand in the way of the New Hartford Little League All-Star team becoming state champions.
3. Moving along to the stories that rhyme this week—fairs, bears and stairs. At the end of last week, a story about an outdoor stairway in Ilion reopening rocketed to the top spot.
An outdoor stairway in Ilion that's been closed since December 2015 is now open for public use.
4. Stories about bears always seem to trend. Last week, a bear article made the list of top stories. This week, a bear was spotted on Route 171 in Frankfort.
There was another black bear spotted in Frankfort this morning.
5. The Boonville-Oneida County Fair was held this week. WKTV was live at the event for the first day. And each day after that, we highlighted a few events taking place at the fair. Here is a selection of stories about the fair that received the most social media attention. It includes a story featuring photographs. Did our camera catch you having fun at the fair this year?
Food, tractor pulls, animals, games, rides and displays were just some of the highlights from Day 4 of the Boonville-Oneida County Fair.
It's the third day of the Boonville-Oneida County Fair, and there's a lot planned for the day.
The multi-day Boonville-Oneida County Fair, now in its 135th year, kicked off this morning. This year's theme is Christmas in July at the Farm.
Just five miles west of Downtown Cooperstown is Jerry's Place Ice Cream and Grill in Hartwick.
Mohawk Valley Community College has a fairly new program in Film Production, and some of their students are wasting no time getting their start in producing a film.
"Coyotes are most numerous at the end of summer and in the fall, when pups are almost fully grown."
Beautiful art, novelty cars, and cold refreshments on a hot day. Where's the best place to get all three? The Munson Arts Festival.
It's that time of year again. It's Honor America Days in Rome. And this year features a robotic dog.
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(CNN) — The gunman who killed 11 people at Pittsburgh’s Tree of Life synagogue in 2018 should be sentenced to death, federal prosecutors argued to a jury on Monday, specifically noting his hatred for Jews and ongoing lack of remorse.
“He turned an ordinary Jewish Sabbath into the worst antisemitic mass shooting in US history, and he is proud of it,” US Attorney Eric Olshan said.
In their closing argument, prosecutors detailed five aggravating factors they say apply to every count the jury is considering: the defendant’s hatred of Jews, selection of the synagogue as a target, injuries to surviving victims, lack of remorse and victim impact.
“Eleven people, 11 full lives, 11 people who loved their families, 11 people who loved their friends, 11 people who were loved,” Olshan said. “Eight-hundred-and-thirteen years of life gone in less time than it took me to give you even the briefest window into how unique these people were. This man murdered every single one of them.”
The closing arguments took place Monday in the federal death penalty trial of Robert Bowers, 50, who was found guilty on June 16 of all 63 charges against him for carrying out the deadliest ever attack on Jewish people in the US. Twenty-two of those counts were capital offenses.
The jury further found he was eligible for the death penalty on July 13, moving the trial to a final sentencing stage.
This third and final phase of the trial has focused on aggravating and mitigating factors that potentially apply to Bowers. The prosecution highlighted testimony from victims’ family members talking about their loved ones, as well as Bowers’ continued hatred toward Jews and lack of remorse about his actions.
Meanwhile, the defense emphasized Bowers’ difficult childhood and mental health issues, including what they say is a delusional belief system and diagnoses of schizophrenia and epilepsy.
However, Olshan disputed these diagnoses in the prosecution’s closing argument.
“He is just a man who subscribes to common antisemitic, extremist beliefs and was very effective at using his very high IQ to plan and carry out a mass shooting against Jews,” he said.
A decision to sentence the gunman to death must be unanimous among the jury. Otherwise, he will be sentenced to life in prison without parole.
Judge Robert Colville instructed the jury on the law prior to closing arguments on Monday, telling them the decision on life in prison or death is “a uniquely individual moral judgment.”
“Whether or not the circumstances in this case justify a sentence of death rather than a sentence of life imprisonment without release is a decision that the law leaves entirely to you,” he said.
What happened in the attack
The antisemitic mass killing began on a rainy Saturday morning when Bowers burst into the synagogue and began shooting people using an AR-15-style rifle. The synagogue was hosting three congregations that day, Tree of Life, Dor Hadash and New Light, for weekly Shabbat services.
The victims included a 97-year-old great-grandmother, an 87-year-old accountant and a couple married at the synagogue more than 60 years earlier.
Prior to the attack, the gunman spent years posting hateful comments about immigrants and Jewish people on Gab, a small social media platform then used by far-right extremists. He criticized migrants as “invaders” and repeatedly disparaged the Hebrew Immigrant Aid Society, a nonprofit organization providing support to refugees that had recently held an event with the Dor Hadash congregation.
Bowers further expressed his hatred for immigrants and Jews as he was being arrested and continued to defend his antisemitic beliefs in jailhouse evaluations earlier this year, witnesses testified in the trial.
This is the second federal death penalty case to be prosecuted under the administration of President Joe Biden, who had criticized the death penalty on the campaign trail. In the first such case, concerning a terrorist who drove a U-Haul truck into cyclists and pedestrians on a New York City bike path, the jury failed to reach a unanimous decision, leading to a sentence of life without parole. Both cases were holdovers from the Trump administration.
At the same time, the Biden administration has put a moratorium on federal executions.
The-CNN-Wire
™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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Jackpocket Crowns its First $100K Winner in Massachusetts, Partnership With Circle K Offers a New, Convenient Way to Play the Lottery
BOSTON, July 31, 2023 /PRNewswire/ -- Jackpocket, America's #1 lottery app*, launched in Massachusetts in partnership with Circle K, one of the largest convenience store brands in the United States.
Yesterday, a Jackpocket customer ordered a $100,000 winning lottery ticket for the daily "Mass Cash" drawing using the app.
"We are excited that our partnership with Circle K landed our first $100K winner in the Bay State, cementing Jackpocket's presence in Massachusetts," said Peter Sullivan, CEO of Jackpocket. "Jackpocket's mission is to make the lottery more accessible and convenient to play. As Tuesday's Mega Millions crosses the $1 billion mark, it's easier than ever to play your favorite games from anywhere in Massachusetts."
To celebrate the new partnership, Jackpocket is offering lottery fans across the state their first lottery ticket for free on the app. New players will receive a $2 lottery ticket by entering the code HEYMASS at checkout. Lottery fans can play Powerball and Mega Millions—currently over $1.05B—as well as local favorites MassCash (the game responsible for the $100K winning ticket), Megabucks Doubler, Lucky for Life, and The Numbers Game.
"We're proud to partner with Jackpocket in Massachusetts and make this fun and convenient experience available to every lottery player across the state," said Melissa Lessard, the head of North American marketing at Circle K. "At Circle K, we are always looking for ways to make life a little easier for our customers and providing the opportunity for customers to order official state lottery tickets with just the tap of a button through the Jackpocket app is yet another example of that commitment."
Massachusetts is now the 17th state available for lottery play on the Jackpocket app. Jackpocket is iCAP certified for best practices in player protection, backed by the expertise of the National Council on Problem Gambling. To ensure player safety, Jackpocket offers consumer protections such as daily deposit and spend limits, self-exclusion, and in-app access to responsible gambling resources.
*According to data from AppFollow
*Must be 18 or older to play. Jackpocket is not affiliated with and is not an agent of the Massachusetts State Lottery. Please visit jackpocket.com/tos for full terms of service. Gambling Problem? Call 1-800-327-5050.
Are You Our Next BIG Winner? Visit play.jackpocket.com or download Jackpocket for iOS and Android and get in the game. New players can receive a $2 lottery ticket by entering the code HEYMASS at checkout.
About Jackpocket
Jackpocket is on a mission to create a more convenient, fun, and responsible way to take part in the lottery. The first licensed third-party lottery courier app in the United States, Jackpocket provides an easy, secure way to order official state lottery tickets. Jackpocket is currently available in Arizona, Arkansas, Colorado, Idaho, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oregon, Texas, Washington D.C., and West Virginia, and is expanding to many new markets. Download the app on iOS and Android or participate via desktop. Follow along on Facebook, Twitter and Instagram.
About Circle K and Alimentation Couche-Tard Inc.
Couche-Tard is a global leader in convenience and mobility, operating in 25 countries and territories, with more than 14,400 stores, of which approximately 11,000 offer road transportation fuel. With its well-known Couche-Tard and Circle K banners, it is one of the largest independent convenience store operators in the United States and it is a leader in the convenience store industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, as well as in Ireland. It also has an important presence in Poland and Hong Kong Special Administrative Region of the People's Republic of China. Approximately 128,000 people are employed throughout its network.
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John Isner 2023 Mifel Open Odds
John Isner, off a loss in the round of 32 of the Truist Atlanta Open (to Dominik Koepfer) in his previous tournament, will open the Mifel Open in Los Cabos, Mexico versus Rinky Hijikata in the round of 32. Isner's odds are +1400 to win this event at Cabo Sports Complex.
Find all the latest odds for the 2023 Mifel Open and place your bets with a new user bonus from BetMGM.
Isner at the 2023 Mifel Open
- Next Round: Round of 32
- Tournament Dates: July 28 - August 6
- Venue: Cabo Sports Complex
- Location: Los Cabos, Mexico
- Court Surface: Hard
Watch live sports without cable! Sign up today for a free trial to Fubo!
Isner's Next Match
In the round of 32 of the Mifel Open, on Monday, July 31 (at 10:20 PM ET), Isner will meet Hijikata.
Isner is currently listed at -160 to win his next contest against Hijikata. Check out the latest odds for the entire field at BetMGM.
John Isner Grand Slam Odds
- US Open odds to win: +12500
- Mifel Open odds to win: +1400
Want to bet on Isner? Head to BetMGM using our link for a bonus bet special offer for new players!
Isner Stats
- In his most recent tournament, the Truist Atlanta Open, Isner was eliminated in the Round of 32 by No. 88-ranked Koepfer, 6-3, 6-7, 6-7.
- Isner is 12-14 over the past 12 months, with no tournament titles.
- Isner is 9-10 on hard courts over the past year.
- Isner, over the past year, has played 26 matches across all court surfaces, and 29.2 games per match.
- On hard courts, Isner has played 19 matches over the past year, and 28.3 games per match.
- Isner has won 11.0% of his return games and 88.1% of his service games over the past 12 months.
- On hard courts over the past year, Isner has been victorious in 10.3% of his return games and 89.8% of his service games.
Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER.
© 2023 Data Skrive. All rights reserved.
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Animal Shelters, Rescue Groups, and Happy Adopters, Nationally and Internationally, Encouraged to Celebrate the Role Adopted Dogs Play in Our Lives
PORT WASHINGTON, N.Y., July 31, 2023 /PRNewswire/ -- Tuesday, August 1st is DOGust 1ST ®– the official birthday for all rescue dogs – and North Shore Animal League America is encouraging animal lovers around the country and globe to join them in celebrating the incredible meaning our adopted animals add to our lives.
Since the actual dates of birth for most rescued dogs are unknown, Animal League America created DOGust 1st to celebrate rescue dogs (those adopted and those awaiting loving homes.) Since 2008, these "Mutt-i-grees" have had this day designated to honor the incredible impact they make on our lives.
"This is a wonderful opportunity to celebrate rescue dogs and the invaluable role they play in our lives, while raising awareness about the importance of rescue and adoption," said Joanne Yohannan, Senior Vice President, Operations, North Shore Animal League America.
In honor of DOGust 1st, North Shore Animal League America, and many of their shelter partners across the country, will be participating in DOGust 1st festivities throughout the week (August 1 – 7.) By encouraging adoption specials, birthday themed activities, and local media opportunities, even more rescue dogs are expected to find loving, responsible homes.
To find an adoptable pet at a shelter or rescue group in your area go to www.animalleague.org.
To find a participating DOGust 1st group near you visit www.animalleague.org/dogust1st.
For video highlights of DOGust 1st, visit: DOGUST 1ST ASSETS
Photo & Video Credit: North Shore Animal League America
MEDIA CONTACT:
KATHLEEN LYNN
Senior Director of Communications
Cell: (516) 528-7878
Email: KathleenL@animalleague.org
#DOGust1st #GetYourRescueOn
About NORTH SHORE ANIMAL LEAGUE AMERICA
Animal League America has saved more than 1.1 million lives. As the world's largest no-kill rescue and adoption organization, we understand that a rescue isn't complete until each animal is placed into a loving home. Our innovative programs provide education to reduce animal cruelty and advance standards in animal welfare. We reach across the country to rescue animals from overcrowded shelters, unwanted litters, commercial breeding facilities, natural disasters and other emergencies and find them permanent, loving homes. www.animalleague.org
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World Wrestling Entertainment will stage its marquee mid-year event this Saturday as SummerSlam takes place at Ford Field, home of the NFL’s Detroit Lions. After WrestleMania, SummerSlam is the second-biggest show WWE produces in a calendar year and this year’s card is typically strong from top to bottom.
Brock Lesnar, who has headlined nine previous SummerSlams, faces Cody Rhodes in a match that figures to finish their trilogy, Logan Paul is back to square off with Ricochet after a series of viral moments between the two and Roman Reigns continues to battle with his own family, putting both his Universal Championship and the title of “Tribal Chief” up against his cousin Jey Uso.
Here’s everything you need to know about this year’s SummerSlam:
WWE SummerSlam 2023
Date: Saturday, Aug. 5, 2023Time: 8 p.m. ET/5 p.m. PT (Pre-show starts at 7 p.m. ET)Site: Ford Field in Detroit
How to watch SummerSlam 2023
SummerSlam 2023 match card
• Logan Paul vs. Ricochet• Ronda Rousey vs. Shayna Baszler• Brock Lesnar vs. Cody Rhodes• SummerSlam Battle Royal (Sheamus, LA Knight, TBA)• Intercontinental Championship: Gunther (c) vs. Drew McIntyre• Women's Championship: Asuka (c) vs. Becky Lynch vs. Charlotte Flair• World Heavyweight Championship: Seth Rollins (c) vs. Finn Bálor• Undisputed Universal Championship: Roman Reigns (c) vs. Jey Uso
WWE SummerSlam ‘go-home’ Monday Night Raw preview
Monday, July 31 | 8 p.m. ET on USA from the Toyota Center in Houston
Lesnar and Paul will appear and both likely cut in-ring promos to build their matches this weekend. Rollins will team with Sami Zayn in place of an injured Kevin Owens to face the Judgment Day duo of Damian Priest and Dominik Mysterio to continue Priest’s “Money in the Bank” briefcase cash-in. In a non-SummerSlam related angle, Alpha Academy’s Maxxine Dupri will face Viking Raiders manager Valhalla after weeks of encounters between the factions.
• Brock Lesnar appears• Logan Paul appears• Maxxine Dupri vs. Valhalla• Seth Rollins and Sami Zayn vs. Damian Priest and Dominik Mysterio
WWE SummerSlam ‘go-home’ SmackDown card
Friday, Aug. 4 | 8 p.m. ET on Fox from the Nutter Center in Dayton, Ohio
The only announced segment for Smackdown is a singles match between the only two confirmed competitors in the SummerSlam battle royal, LA Knight and Sheamus.
• LA Knight vs. Sheamus
Storylines for WWE SummerSlam
Logan Paul vs. RicochetThese two first crossed paths in January's Royal Rumble match, staging an incredible spot with each spring-boarding halfway across the ring and clotheslining each other in mid-air.
Then, last month at the Money in the Bank ladder match, they went for another high spot that didn’t quite come off as smooth as Ricochet attempted a Spanish Fly from the top rope and put Paul through two tables. Ever since the two have traded barbs on social media and in an in-ring segment setting up the SummerSlam blow-off.
Well, at least now he know how we all felt when he was added to the match 🤷🏽♂️ https://t.co/8S5vmRBOHF
— Ricochet (@KingRicochet) July 8, 2023
Ronda Rousey vs. Shayna BaszlerBaszler, who got Rousey into the professional wrestling world to begin with, turned on her longtime friend during a women's tag team title defense at Money in the Bank, costing them the belts. When Rousey demanded an explanation two days later on Monday Night Raw, Baszler delivered a blistering promo in which she (correctly) pointed out that Rousey has had championship opportunities handed to her since she set foot in the WWE, while she has had to work for every spot she's ever had. This feud has felt a bit rushed, likely because of Rousey's reported "hard out" date to exit the company.
Brock Lesnar vs. Cody RhodesLess than 24 hours after failing to capture the undisputed Universal championship from Roman Reigns at WrestleMania, Cody Rhodes was set to team with Brock Lesnar to face Reigns and Solo Sikoa on Raw. Before that match began, Lesnar attacked Rhodes and pummeled him for nearly 10 minutes until the show went off the air. Rhodes got a narrow win the following month at Backlash and then Lesnar (storyline) broke Cody's left arm during an attack on the May 22 episode of Raw. Five days later Lesnar beat Rhodes by technical submission after working over the arm most of the match. Rhodes has since spent weeks trying to get a third match and finally got it on the July 17 episode of Raw when Lesnar accepted and proceeded to pummel Cody in front of his family at ringside.
Intercontinental Championship: Gunther (c) vs. Drew McIntyreAt WrestleMania Gunther retained the Intercontinental title in a triple-threat match against McIntyre and Sheamus in one of the best matches of the weekend. Following another successful defense over Matt Riddle at Money in the Bank, Gunther was confronted by a returning McIntyre, who hadn't been seen on TV since that WrestleMania match. Gunther formally accepted McIntyre's challenge on the July 24 episode of Raw.
Women's Championship: Asuka (c) vs. Bianca Belair vs. Charlotte FlairAsuka unsuccessfully challenged Belair for the title at WrestleMania but managed to win it at Night of Champions on May 27 thanks to a rather creative application of the blue mist. On the June 9 episode of Smackdown, Flair returned for the first time since WrestleMania to challenge Asuka, enraging Belair, who was in line for a rematch. The Flair-Asuka title match took place on June 30, with Belair interfering and laying both other women out. To resolve the issue a triple-threat was set for SummerSlam.
World Heavyweight Championship: Seth Rollins (c) vs. Finn BálorRollins won the newly introduced World Heavyweight Championship in a tournament final over AJ Styles. Soon thereafter Bálor began to stalk Rollins and demand a title match. There is history here as Bálor won the inaugural Universal Championship over Rollins at SummerSlam 2016, only to have to surrender it the next night on Raw due to an injury he suffered during the match. In promos to hype this match, Bálor has continually brought up that chapter as his motivation for targeting Rollins at this year's SummerSlam.
Undisputed Universal Championship: Roman Reigns (c) vs. Jey UsoThe Bloodline story involving members of the real-life Anoa'i wrestling family has been unfolding for more than three years at this point and has never been hotter. Since their tag-team championship loss at WrestleMania, Reigns has bullied and belittled his cousins, causing the Usos to turn on the "Tribal Chief" on the June 16 episode of SmackDown. In a tag-team match at Money in the Bank Jey became the first person to pin Reigns in nearly three years to win the match and set up a singles encounter for the undisputed Universal Championship at SummerSlam.
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Tech Veteran Brings Nearly Three Decades of Experience to Help Drive Growth for Leading Fast-Casual Mexican Restaurant
SAN DIEGO, July 31, 2023 /PRNewswire/ -- Modern Restaurant Concepts ("MRC"), a leading fast-casual restaurant platform comprised of the QDOBA and Modern Market Eatery brands, announced that Prashant Budhale has joined the company as Chief Technology Officer. Budhale brings more than 28 years of experience in technology leadership to MRC, and as CTO, will lead all technology across MRC brands.
"We are excited for Prashant to join the MRC team," said John Cywinski, CEO of Modern Restaurant Concepts. "I view technology as a foundational enabler of all that we do in the restaurant business, from a guest, team member, and corporate enterprise perspective. Prashant will lead our strategy to drive technology as a powerful brand differentiator, and he will be a terrific collaborator with our existing leadership team as well as our franchise partners moving forward."
"I'm excited about QDOBA's history of strong same store sales growth, potential for net unit growth, and the ability for technology to make a positive impact to both guest and team member experiences," Budhale said. "I'm also very encouraged by John's vision and Butterfly Equity's commitment to the growth of brands within MRC portfolio."
Prior to joining Modern Restaurant Concepts, Budhale served as Head of Technology for SONIC Drive-In, part of the Inspire Brands portfolio. At SONIC, he was responsible for the vision, development, and implementation of all technology initiatives across the 3,550 unit, $6B brand. Prior to SONIC, Prashant was Senior Director for Pizza Hut, part of YUM! Brands, where he led retail technology. Earlier in his career, Prashant worked as a software development consultant with IBM, Allstate, Oracle, Capgemini, and Fujitsu America.
QDOBA is a fast casual Mexican restaurant with over 750 locations in the U.S. and Canada. Committed to delivering flavor to people's lives, QDOBA uses ingredients prepared in-house, by hand, and fresh throughout the day, to create delicious menu options. Guests can experience QDOBA's delicious flavors by enjoying one of its signature menu options that are chef-crafted for convenience and ease or by customizing their burritos, tacos, burrito bowls, salads, quesadillas, and nachos to fit their personal tastes. For five years running, QDOBA has been voted the "Best Fast Casual Restaurant" as part of the USA TODAY 10Best Readers' Choice Awards. Discover more at www.QDOBA.com or on the QDOBA app.
For more information on the company, please visit www.QDOBA.com or follow the brand on Instagram, Facebook, Twitter and TikTok.
About Modern Restaurant Concepts
Modern Restaurant Concepts is one of the largest fast casual restaurant platforms in North America with nearly 800 units across two brands, QDOBA and Modern Market Eatery. The system operates corporate-owned and franchised units across nearly every U.S. state as well as Canada and Puerto Rico. Modern Restaurant Concepts is owned by Butterfly Equity, a Los Angeles-based private equity firm specializing in the food sector, with more than $10 billion of equity capital in companies ranging from growth-stage to Fortune 500 enterprises.
QDOBA is a fast casual Mexican restaurant with over 750 locations in the U.S. and Canada. Committed to delivering flavor to people's lives, QDOBA uses ingredients prepared in-house, by hand, and fresh throughout the day, to create delicious menu options. Guests can experience QDOBA's delicious flavors by enjoying one of its signature menu options that are chef-crafted for convenience and ease or by customizing their burritos, tacos, burrito bowls, salads, quesadillas, and nachos to fit their personal tastes. For five years running, QDOBA has been voted the "Best Fast Casual Restaurant" as part of the USA TODAY 10Best Readers' Choice Awards. Discover more at www.QDOBA.com or on the QDOBA app.
Modern Market Eatery is a food forward, sustainable fast casual restaurant concept that operates in Colorado, Texas, Arizona, and Indiana. Delivering the freshness and flavors of the market in a modern dining format and environment, Modern Market Eatery's menu of protein-centric bowls, garden fresh salads, toasted sandwiches and brick-oven pizzas redefine what it means to eat well at a reasonable price. For additional information about Modern Market Eatery, please visit www.modernmarket.com.
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BISMARCK, N.D. — (AP) — Two pipeline operators have agreed to pay a $12.5 million civil penalty related to crude oil spills in Montana and North Dakota.
The U.S. Environmental Protection Agency on Monday announced the settlement in a 2022 federal court lawsuit. Belle Fourche Pipeline Company and Bridger Pipeline LLC will pay the $12.5 million to resolve the claims made under the Clean Water Act and Pipeline Safety Laws, EPA said. The affiliated companies own and operate oil pipelines in Montana, North Dakota and Wyoming.
In 2015, Bridger's Poplar Pipeline broke and spilled more than 50,000 gallons (about 190,000 liters) of crude into the Yellowstone River near Glendive, Montana. Bridger has completed cleanup of the site, and in 2021 settled a lawsuit with federal and Montana authorities for $2 million.
In 2016, Belle Fourche's Bicentennial Pipeline in Billings County, North Dakota, broke due to a landslide and spilled over 600,000 gallons (about 2.3 million liters) of oil, impacting an unnamed tributary, Ash Coulee Creek and the Little Missouri River. Belle Fourche's cleanup is ongoing with oversight from North Dakota's Department of Environmental Quality, according to EPA.
Belle Fourche also will pay the state's past response costs, totaling over $98,000, according to court documents filed Monday.
“Oil pipeline spills can cause enormous and long-lasting damage to the environment,” Principal Deputy Assistant Administrator Larry Starfield of EPA’s Office of Enforcement and Compliance Assurance said in a statement. “This settlement holds Belle Fourche and Bridger Pipeline accountable for their significant oil spills and requires them to take meaningful measures to prevent future spills from their oil pipelines.”
The operators also are required to implement specified compliance measures, in addition to the civil penalty.
Belle Fourche and Bridger are owned by Wyoming-based True Companies, whose spokesman, when reached by email, did not have an immediate comment on the agreement.
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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DENVER, July 31, 2023 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR) today announced that it was selected by the Defense Information Systems Agency (DISA) to support coordination between federal and commercial licensees of the 3450 - 3550 MHz spectrum band. Palantir will provide its software platform to enable end-to-end automation that will enhance coordination between the Department of Defense and commercial spectrum licensees for shared use of the 3450-3550 MHz band within cooperative planning area (CPA) and periodic use area (PUA) coordination zone boundaries.
As part of an ongoing interagency effort to facilitate the shared usage of critically important mid-band spectrum, Palantir's software will enable DISA's Defense Spectrum Organization (DSO) to support formal and informal coordination processes between the Department of Defense and commercial licensees. Existing and future government activities in the spectrum band are vital to protect national security and ensure military readiness.
Palantir software will be used to integrate multiple existing functions and capabilities into a single infrastructure that will result in more efficient workflows, reducing the timelines for licensee coordination with DoD to establish sharing agreements and enable deployment of 5G wireless services within CPA/PUA boundaries. Palantir software will also be used to demonstrate the ability to support more advanced spectrum sharing use cases.
"We are proud to partner with DISA DSO to support the complex task of sharing limited spectrum resources between federal and commercial users," said Akash Jain, President, Palantir USG. "We are excited to rapidly deploy software that will accelerate and automate coordination workflows and enable the increasingly dynamic and efficient use of spectrum."
"As military and commercial use of radio-frequency spectrum continues to grow, spectrum coordination will be increasingly necessary to preserve the effectiveness of critical national security capabilities while enabling U.S. commercial leadership in 5G and other critical technology areas. Palantir looks forward to working alongside the Department of Defense to deploy innovative software solutions that support advanced spectrum sharing workflows and processes," said Miriam Marwick, SVP, Emerging Technologies, Palantir USG.
About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms' reliability; and our customer's ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
Media Contact
Lisa Gordon
media@palantir.com
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2025 Cruises and Cruisetours from Alaska's Leading Cruise Line
on Sale August 3
Family Favorite Caribbean Princess to Sail Alaska for First Time
SANTA CLARITA, Calif., July 31, 2023 /PRNewswire/ -- Princess Cruises has unveiled its 2025 Alaska cruise and cruisetours season, featuring three captivating roundtrip itineraries and an exclusive new National Parks Cruisetour. These remarkable offerings are available for booking starting August 3.
New Adventures and Extended Journeys Await, including a Departure from LA:
New for 2025 from the cruise line that brings the most guests to Alaska every year is a 22-day roundtrip voyage sailing from San Francisco on Ruby Princess that coincides with the Summer Solstice, and a 17-day roundtrip cruise from Seattle on Grand Princess featuring three days of scenic glacier viewing. For guests seeking to sail from Southern California, a new 16-day roundtrip Inside Passage voyage from Los Angeles on Grand Princess offers a convenient and affordable option.
National Parks Cruisetour
Following its debut in 2024, the National Parks Cruisetour returns in 2025 with a 15-night adventure to five of Alaska's most breathtaking parks. Guests will have the opportunity to explore Glacier Bay, Denali, Wrangell-St. Elias, Kenai Fjords National Parks, and Klondike Gold Rush National Historical Park in Skagway. Unique to Princess, this experience combines a seven-day Voyage of the Glaciers cruise, scenic rail travel, and multiple days on land, including stays at four Princess-owned wilderness lodges.
"As the market leader in Alaska, we're excited to offer guests even more exciting ways to see the natural beauty of Alaska with itineraries in 2025 that serve up new adventures and extended journeys that first-time guests and repeat visitors are going to find intriguing," said John Padgett, Princess Cruises president. "We're also making it easier for guests to access an Alaska cruise by bringing back a roundtrip option out of Los Angeles, which also make it more affordable for millions within that drive market."
Caribbean Princess to Debut in Alaska in 2025
In 2025, seven Princess ships will sail to Alaska, including Caribbean Princess for the first time. In addition, the number of Princess homeports offering Alaska voyages expands to five with the addition of Los Angeles, with the season featuring 21 cruise destinations and four glacier-viewing experiences, highlighted by 88 visits to Glacier Bay National Park, taking more guests to this spectacular national park than any other cruise line.
With 155 total departures on 18 unique itineraries ranging in length from 4 to 22 days, cruise and cruisetour choices include:
Cruises – Seven Ships, Five Homeports
- NEW! Ultimate Alaska Solstice with Glacier Bay National Park: 22-day roundtrip from San Francisco on Ruby Princess – departs June 6, 2025
- NEW! Ultimate Alaska with Glacier Bay National Park: 17-day roundtrip from Seattle on Grand Princess – departs May 6, 2025
- Inside Passage with Glacier Bay National Park: 16-day roundtrip from Los Angeles on Grand Princess visiting Juneau, Skagway, Glacier Bay National Park, Sitka, Icy Strait Point, Ketchikan and Victoria, B.C. – departs August 30, 2025
- Voyage of the Glaciers: This top-rated seven-day itinerary features Juneau, Skagway, Ketchikan, and two glacier-viewing experiences at Glacier Bay National Park and Hubbard Glacier or College Fjord. Caribbean Princess, Coral Princess, and Sapphire Princess offer weekly northbound and southbound cruises from Vancouver, B.C. to Anchorage (Whittier) and vice versa. Guests can combine select seven-day voyages for an amazing 14-day Voyage of the Glaciers Grand Adventure – operates May 10 to September 13, 2025.
- Inside Passage: Princess' signature seven-day roundtrip sailings from Seattle and Vancouver, B.C., as well as 11-day roundtrip departures from San Francisco and Vancouver that include four ports of call and a day of glacier viewing. Many Inside Passage cruises include Glacier Bay National Park. Discovery Princess and Royal Princess sail from Seattle weekly, May 4 – September 21, 2025. Grand Princess offers weekly cruises from Vancouver, B.C., May 27 – August 19, 2025. Ruby Princess sails 11-day cruises roundtrip from San Francisco May 4 – September 13, 2025.
- Alaska Samplers: Three itineraries of four to five days offer shorter voyages for guests looking for a quick getaway. Discovery Princess, Royal Princess and Grand Princess operate four-day, roundtrip voyages between Vancouver, B.C. to Seattle with a stop in Ketchikan – departing April 30, May 13 and May 23, 2025. Caribbean Princess sails a four-day, roundtrip cruise from Vancouver, B.C., with a visit to Ketchikan departing September 13, 2025, and a five-day roundtrip cruise from Vancouver, B.C., with stops in Sitka and Ketchikan sailing May 5, 2025.
Cruisetours
- More than 26 cruisetour options give guests variety of choice with four styles of travel including Denali Explorer tours, On Your Own options, Connoisseur Deluxe Escorted and Off the Beaten Path.
- The exclusive Direct-to-the-Wilderness rail service ensures a seamless transition between the ship in Whittier and the Denali area on the same day.
Award-Winning North to Alaska Program
Princess' award-winning North to Alaska program enriches the onboard and onshore experience with local lumberjacks, Iditarod champions, and storytellers sharing their Alaska experiences and insights. Other offerings include Wild for Alaska seafood menus, a variety of shore excursions, Puppies in the Piazza to meet sled-dog puppies, Junior Ranger program for youth, and authentic commentary by Glacier Bay Park Rangers and Naturalists.
Visit www.princess.com/alaska for more details on the 2025 Alaska cruises and cruisetours season from Princess Cruises.
Additional information about Princess Cruises is available through a professional travel advisor, by calling 1-800-Princess (1-800-774-6237) or by visiting www.princess.com.
About Princess Cruises
Princess Cruises is The Love Boat, the world's most iconic cruise brand that delivers dream vacations to millions of guests every year in the most sought-after destinations on the largest ships that offer elite service personalization and simplicity customary of small, yacht-class ships. Well-appointed staterooms, world class dining, grand performances, award-winning casinos and entertainment, luxurious spas, imaginative experiences and boundless activities blend with exclusive Princess MedallionClass service to create meaningful connections and unforgettable moments in the most incredible settings in the world - the Caribbean, Alaska, Panama Canal, Mexican Riviera, Europe, South America, Australia/New Zealand, the South Pacific, Hawaii, Asia, Canada/New England, Antarctica, and World Cruises. The company is part of Carnival Corporation & plc (NYSE/LSE:CCL; NYSE:CUK).
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The Fitness Superstore to Exclusively Carry the REP Line
DENVER, July 31, 2023 /PRNewswire/ -- Home and commercial gyms in the United Kingdom and Ireland are about to level up.
One of the USA's top gym equipment brands has joined forces with the UK's largest speciality fitness retailer. Starting this summer, Bodypower Sports Ltd. (trading as Fitness Superstore) will carry a large range of REP Fitness equipment. This expansion was in response to a growing demand overseas, after REP took the US by storm. It kicks off the launch of REP products throughout all of Europe, so more people can have access to REP's versatile, quality, innovative equipment.
REP, founded a decade ago in Colorado by two gym-loving brothers, has risen to become America's most popular brand in the home gym market. It offers a full line of gym gear, all designed by in-house, weightlifting engineers for both commercial and home gyms.
REP's award-winning power racks, benches, functional training gyms, and more will soon be available for UK customers to try out and order in Fitness Superstore showrooms across the UK (11 stores). Fitness Superstore, founded in 1994, is the largest supplier of specialist fitness equipment in the UK and is proud to feature the largest fitness equipment showrooms in the UK.
Fitness Superstore will also carry REP on its website, to be delivered throughout the UK and Ireland.
"Fitness Superstore is proud to exclusively represent this fantastic and innovative brand in the UK," says Paul Walker, Fitness Superstore managing director and owner.
Ryan McGrotty, co-founder or REP, echoes that. He says Fitness Superstore and REP make a great partnership because both are staffed by real-life fitness enthusiasts and professionals; they both offer a full range of equipment, and they both value creating community and making fitness accessible to all.
"We're excited to be working with such a strong partner in the UK with Fitness Superstore. We know they will offer a great shopping experience for all our fans in the UK who have been eagerly awaiting the availability of our products," says McGrotty. "Their broad store footprint will make it convenient for everyone to easily see and test our products before taking them home.
ABOUT REP
REP Fitness designs and sells world-class, innovative strength equipment that is sold around the world. REP was founded in Colorado in 2012 by two brothers with a shared passion for fitness and has grown into more than 300,000 square feet of office and distribution space and a team of more than 150 dedicated fitness enthusiasts. That shared passion for fitness is what drives REP's innovative spirit, where creating class-leading fitness equipment, with an emphasis on incredible home gyms, is paramount.
REP has been listed twice on the Inc. 5,000 fastest-growing companies — in 2018 and in 2021. REP products are frequently listed as top choices in many fitness publications, such as Men's Health.
For more information, visit repfitness.com. Connect with REP on Instagram, YouTube, Facebook, TikTok, and LinkedIn.
ABOUT FITNESS SUPERSTORE
Fitness Superstore, founded in 1994, is the largest supplier of specialist fitness equipment in the UK and is proud to feature the largest fitness equipment showrooms in the UK.
Learn more at fitness-superstore.co.uk. You can also connect with Fitness Superstore on Facebook, Instagram, YouTube, and TikTok.
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WASHINGTON — (AP) — President Joe Biden has decided to keep U.S. Space Command headquarters in Colorado, overturning a last-ditch decision by the Trump administration to move it to Alabama and ending months of politically fueled debate, according to senior U.S. officials.
The officials said Biden was convinced by the head of Space Command, Gen. James Dickinson, who argued that moving his headquarters now would jeopardize military readiness. Dickinson's view, however, was in contrast to Air Force leadership, who studied the issue at length and determined that relocating to Huntsville, Alabama, was the right move.
The officials spoke on condition of anonymity to discuss the decision ahead of the announcement.
The president, they said, believes that keeping the command in Colorado Springs would avoid a disruption in readiness that the move would cause, particularly as the U.S. races to compete with China in space. And they said Biden firmly believes that maintaining stability will help the military be better able to respond in space over the next decade. Those factors, they said, outweighed what the president believed would be any minor benefits of moving to Alabama.
Biden's decision is sure to enrage Alabama lawmakers and fuel accusations that abortion politics played a role in the choice. The location debate has become entangled in the ongoing battle between Alabama Republican Sen. Tommy Tuberville and the Defense Department over the move to provide travel for troops seeking reproductive health care. Tuberville opposed the policy is blocking hundreds of military promotions in protest.
The U.S. officials said the abortion issue had no effect at all on Biden's decision. And they said the president fully expected there would be different views on the matter within the Defense Department.
Formally created in August 2019, the command was temporarily based in Colorado, and Air Force and Space Force leaders initially recommended it stay there. In the final days of his presidency Donald Trump decided it should be based in Huntsville.
The change triggered a number of reviews.
Proponents of keeping the command in Colorado have argued that moving it to Huntsville and creating a new headquarters would set back its progress at a time it needs to move quickly to be positioned to match China’s military space rise. And Colorado Springs is also home to the Air Force Academy, which now graduates Space Force guardians, and more than 24 military space missions, including three Space Force bases.
Officials also argued that any new headquarters in Alabama would not be completed until sometime after 2030, forcing a lengthy transition.
Huntsville, however, scored higher than Colorado Springs in a Government Accountability Office assessment of potential locations and has long been a home to some of earliest missiles used in the nation’s space programs, including the Saturn V rocket. It is home to the Army’s Space and Missile Defense Command.
According to officials, Air Force Secretary Frank Kendall, who ordered his own review of the matter, leaned toward Huntsville, while Dickinson was staunchly in favor of staying put. The officials said Defense Secretary Lloyd Austin presented both options to Biden.
The decision was good news for Colorado lawmakers.
“For two and a half years we’ve known any objective analysis of this basing decision would reach the same conclusion we did, that Peterson Space Force Base is the best home for Space Command," Sen. John Hickenlooper, D-Colo., said in a statement. “Most importantly, this decision firmly rejects the idea that politics — instead of national security — should determine basing decisions central to our national security.”
Sen. Michael Bennet, D-Colo., said the decision “restores integrity to the Pentagon’s basing process and sends a strong message that national security and the readiness of our Armed Forces drive our military decisions.”
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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Animal Shelters, Rescue Groups, and Happy Adopters, Nationally and Internationally, Encouraged to Celebrate the Role Adopted Dogs Play in Our Lives
PORT WASHINGTON, N.Y., July 31, 2023 /PRNewswire/ -- Tuesday, August 1st is DOGust 1ST ®– the official birthday for all rescue dogs – and North Shore Animal League America is encouraging animal lovers around the country and globe to join them in celebrating the incredible meaning our adopted animals add to our lives.
Since the actual dates of birth for most rescued dogs are unknown, Animal League America created DOGust 1st to celebrate rescue dogs (those adopted and those awaiting loving homes.) Since 2008, these "Mutt-i-grees" have had this day designated to honor the incredible impact they make on our lives.
"This is a wonderful opportunity to celebrate rescue dogs and the invaluable role they play in our lives, while raising awareness about the importance of rescue and adoption," said Joanne Yohannan, Senior Vice President, Operations, North Shore Animal League America.
In honor of DOGust 1st, North Shore Animal League America, and many of their shelter partners across the country, will be participating in DOGust 1st festivities throughout the week (August 1 – 7.) By encouraging adoption specials, birthday themed activities, and local media opportunities, even more rescue dogs are expected to find loving, responsible homes.
To find an adoptable pet at a shelter or rescue group in your area go to www.animalleague.org.
To find a participating DOGust 1st group near you visit www.animalleague.org/dogust1st.
For video highlights of DOGust 1st, visit: DOGUST 1ST ASSETS
Photo & Video Credit: North Shore Animal League America
MEDIA CONTACT:
KATHLEEN LYNN
Senior Director of Communications
Cell: (516) 528-7878
Email: KathleenL@animalleague.org
#DOGust1st #GetYourRescueOn
About NORTH SHORE ANIMAL LEAGUE AMERICA
Animal League America has saved more than 1.1 million lives. As the world's largest no-kill rescue and adoption organization, we understand that a rescue isn't complete until each animal is placed into a loving home. Our innovative programs provide education to reduce animal cruelty and advance standards in animal welfare. We reach across the country to rescue animals from overcrowded shelters, unwanted litters, commercial breeding facilities, natural disasters and other emergencies and find them permanent, loving homes. www.animalleague.org
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MENLO PARK, Calif., July 31, 2023 /PRNewswire/ -- Robert Half Inc. (NYSE: RHI) announced today that its board of directors has approved a quarterly cash dividend of $0.48 per share. The cash dividend will be paid on Sept. 15, 2023, to all shareholders of record as of Aug. 25, 2023.
Robert Half is the world's first and largest specialized talent solutions and business consulting firm that connects people with meaningful work and provides companies with the talent and subject matter expertise they need to confidently compete and grow. Robert Half is the parent company of Protiviti®, a global consulting firm that provides internal audit, risk, business and technology consulting solutions. Robert Half, including Protiviti, has been named to the Fortune® Most Admired Companies™ and Most Innovative Companies lists and is a Forbes Best Employer for Diversity. Robert Half has talent solutions and consulting operations in more than 400 locations worldwide.
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WASHINGTON — (AP) — Hunter Biden's former business partner insisted in testimony to Congress Monday that President Joe Biden was never directly involved in their financial dealings, though Hunter would often put his famous father on speakerphone to impress clients and business associates.
The Republican-led House Oversight Committee conducted a more than-five hour interview with Devon Archer as part of its expanding congressional inquiry into the Biden family businesses as the GOP explores a potential impeachment inquiry into the president.
Both Republican and Democratic lawmakers inside the closed-door interview said Archer testified that over the span of 10 years, Hunter Biden put his father on the phone around 20 times while in the company of associates but “never once spoke about any business dealings.”
New York Rep. Dan Goldman, who was representing Democrats inside the room, told reporters after the interview that Archer testified that Hunter sold the “illusion of access” to his father by taking credit for things his father did as vice president that he had no part in.
But Rep. Andy Biggs, a Republican member of the Oversight Committee, came out of the interview saying that testimony implicated the president directly. “I think we should do an impeachment inquiry,” the Arizona lawmaker told reporters.
Biggs, reading from his notes, said Archer testified that the Ukrainian gas company "Burisma would have gone out of business sooner if the Biden brand had not been invoked. People would be intimidated to legally mess with Burisma because of the Biden family brand."
Archer, who served with Hunter Biden on the board of Burisma, has been seen by Republicans as a key witness in their search to directly connect the president to his son's various international business transactions.
Rep. James Comer, the GOP chairman of Oversight Committee, issued a subpoena to Archer in June, saying he “played a significant role in the Biden family’s business deals abroad, including but not limited to China, Russia, and Ukraine." He said Archer's testimony would be critical to the committee's investigation.
Republicans have focused much attention on an unverified tip to the FBI that alleged a bribery scheme involving Joe Biden when he was vice president. The claim, which first emerged in 2019, was that Biden pressured Ukraine to fire its top prosecutor in order to stop an investigation into Burisma, the oil-and-gas company where Hunter Biden was on the board.
Democrats on the committee, including Maryland Rep. Jamie Raskin, the ranking minority member, have reiterated that the Justice Department investigated the Burisma claim when Donald Trump was president and closed the matter after eight months, finding "insufficient evidence" that it was true. Democrats have also highlighted the transcript of an interview with Mykola Zlochevsky, Burisma's co-founder, in which he denied having any contact with Joe Biden while Hunter Biden worked for the company.
“Mr. Zlochevsky’s statements are just one of the many that have debunked the corruption allegations,” Raskin said.
On top of his relationship with Hunter Biden, who is currently facing federal tax charges, Archer has his own legal troubles stemming from a 2018 felony conviction for his role in a conspiracy to defraud a Native American tribe. That conviction was overturned later that year, but the court of appeals in New York reinstated it in 2020. His sentencing in the case has been repeatedly delayed by appeals.
Archer's appearance before lawmakers had been scheduled and canceled several times since June. Republicans suggested it was about to be delayed again after the Justice Department over the weekend asked a judge to schedule a date for Archer to surrender to prison and begin serving out his one-year sentence in the unrelated fraud case.
Republicans — led by Comer — criticized that delay, calling it an effort by the Justice Department to intimidate a witness. But the Justice Department in a follow-up memo to the court noted Archer's surrender was not imminent and asked a judge to ensure that he testified to Congress before reporting to prison.
“Mr. Archer will do what he has planned to do all along, which is to show up this morning and to honestly answer the questions that are put to him by the congressional investigators,” said Archer’s attorney, Matthew Schwartz, who is a managing partner at New York-based firm Boies Schiller Flexner.
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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Climate change has been an important issue for President Joe Biden since the beginning of his administration. And while a majority of Americans agree that we need to work to reduce global warming, the partisan divide surrounding climate change is growing.
"I don't think anybody can deny the impact of climate change anymore," Biden said during a press conference on extreme heat.
Amid a sizzling hot summer, Biden announced new actions to combat extreme heat and drought. It comes as Americans across the country are feeling first-hand evidence of the changing climate.
"All of these kinds of events are really starting to literally hit home. And many Americans are starting to go, 'Oh my God, this isn't distant in time and space. This is happening right now. And we need to act,'" said Anthony Leiserowitz, the director of the Yale Program on Climate Change Communication.
SEE MORE: Extreme heat expected to be costly, especially in Texas
According to polling from the Pew Research Center,a majority of Americans, 54%, think climate change is a major threat, but there's also a stark partisan divide. Over last 15 years, the percent of Democrats who say climate change is a major threat has gone up, while that answer went down among Republicans.
That partisan impact means politicians aren't the best messengers for climate change. But experts say new voices are stepping up to raise alarm about the warming planet in an impactful way.
"We're now seeing doctors and nurses talking about how climate change is showing up in their emergency room and in the waiting room. We're hearing from faith leaders saying our religion, Christianity, Judaism, Buddhism, Islam, all of these major leaders have said climate change is a fundamental moral issue that we must address as religious people," said Leiserowitz.
Local meteorologists can be some of the most effective messengers for climate change, and the White House appears to recognize that. The vice president's office has reached out to local weather forecasters to start a discussion on best practices for talking about climate change and its impact.
Trending stories at Scrippsnews.com
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CAA Football Commissioner Joe D’Antonio during the league’s media day last week characterized this NCAA era as “one of the most interesting and unsettling periods in the history of intercollegiate athletics.”
There are numerous reasons for that; Name, Image and Likeness and the transfer portal among the most discussed. Another is difficulty associated with securing conference-wide, linear television exposure on Saturdays for a high-quality FCS league, such as CAA Football.
CAA Football, which incudes the University of Richmond, William & Mary and Hampton, since 2019 has partnered with FloSports, a subscription video streaming service that offers live and on-demand access to events. CAA schools retain rights for local linear television distribution, but that requires access to regional networks and institutional investments not all are interested in making.
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Richmond intends for five of this season's six Spiders' home games — the most possible under the league's agreement with FloSports — to be available via a regional network, according to Bob Black, UR's director of broadcast & news content for athletics.
Otherwise, “all CAA Football games will be streamed on FloSports for this year and at least the next three years after this,” D’Antonio said.
There were conversations with potential partners to broadcast games on national linear TV, D’Antonio said. They did not mature, and he noted one factor.
“One of the things that’s very important to our membership is, aside from some early-season games, we want to remain a traditional conference as it relates to when our football games are played,” D'Antonio said. “We’re not looking to play games on Tuesday. We’re not looking to play games on Wednesday.
“We’re looking to provide a great campus atmosphere, great campus culture, and play our games on Saturday. And in doing so, the opportunities to provide national linear windows on Saturday for an FCS conference are very, very few and far between.”
In 76th year, 15 members
CAA Football is now a 15-team league, the largest in the FCS, with the July 1 additions of N.C. A&T and Campbell.
“Top to bottom, I think you could very strongly make the argument that we have the most competitive, best conference in FCS football,” said D’Antonio, the league commissioner since 2016.
Each team plays eight conference games.
“Every one of our teams would like an opportunity to make the playoffs and when you look at the talent we have across the league and the quality of games that we play, if you’re fortunate enough to be successful, then you’re going to be in the FCS playoffs at the end of the year,” D’Antonio said.
This is the league’s 76th season. It began as the Yankee Conference (1947-96) and evolved into Atlantic 10 Football (1997-06) before the CAA assumed operational control in 2007. Five CAA Football teams, including William & Mary and Richmond, are ranked in various preseason FCS polls.
“We are again primed to make a playoff push and certainly expect to compete for a national championship in Frisco, Texas,” D’Antonio said.
Game day enhancements
Replay sideline monitors will be used at all CAA Football games for the first time this season. They will allow referees to see what the replay official is observing in the press box during replay reviews.
The league expects that collaboration to improve the replay process, as has been the case in the FBS. Also, through the referee, coaches can gain a better understanding of how replays are interpreted.
Timeout countdown clocks will be used at all CAA Football games. Digital timers will be positioned on the sideline and operated by the timeout coordinator. They will display the time remaining following a TV timeout.
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1 injured in shooting at hotel in Lake Buena Vista, deputies say
LAKE BUENA VISTA, Fla. - A man was shot early Monday morning at a hotel in Lake Buena Vista, according to the Orange County Sheriff's Office.
Deputies responded to the Rosen Inn Lake Buena Vista on Palm Parkway shortly after 6 a.m. for a reported shooting.
When deputies arrived to the hotel, they found a man in his 20s who had been shot. He was transported to a local hospital with non-life threatening injuries, deputies said.
The shooter was taken into custody and the hotel is secure.
The investigation remains ongoing.
This is a developing story.
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ATLANTA, July 31, 2023 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN) today released its second quarter 2023 financial results. Complete financial results are available at investor.aarons.com. Highlights of those results are included below and in the attached supplement.
Second Quarter 2023 Consolidated Results1:
- Revenues were $530.4 million, a decrease of 13.1%
- Net earnings were $6.5 million, an increase of 222.0%; Non-GAAP net earnings2 were $12.2 million, a decrease of 50.6%
- Adjusted EBITDA2,3 was $42.4 million, a decrease of 17.0%
- Diluted EPS was $0.21; Non-GAAP diluted EPS2 was $0.39
- Write-offs were 5.4% in the Aaron's Business, an improvement of 30 basis points
- Reduced debt $36.1 million in the quarter and $124.3 million since the prior year quarter-end
- Updates 2023 full year outlook; lowers revenues, maintains adjusted EBITDA, and increases adjusted free cash flow
Second Quarter 2023 Key Items:
The Aaron's Company
- Earnings were ahead of internal expectations largely due to ongoing expense controls, despite lower revenues in both business segments
- Ended the quarter with cash and cash equivalents of $38.4 million and debt of $186.1 million, resulting in a net debt2 reduction of $30.2 million in the quarter primarily due to strong cash provided by operating activities
Aaron's Business
- Earnings before income taxes were $30.8 million; adjusted EBITDA was $49.5 million, which exceeded internal expectations and increased 3.0% as compared to the prior year quarter primarily due to lower total operating expenses and lower write-offs
- Personnel and other operating expenses benefited from cost optimization initiatives and ongoing investments in technology platforms and marketing analytics
- Ended the quarter with 230 GenNext stores, 101 hubs, and 101 showrooms
- GenNext stores accounted for approximately 29% of lease revenues & fees and retail sales
- E-commerce revenues increased 5.5% as compared to the prior year quarter and represented 17.9% of lease revenues
BrandsMart
- Earnings before income taxes were $1.1 million; adjusted EBITDA was $4.5 million, which exceeded internal expectations despite lower revenues due to continued pressure on customer demand
- Began construction on first new BrandsMart store planned to open in Augusta, GA in Q4 2023
The Company will host an earnings conference call tomorrow, August 1, 2023, at 8:30 a.m. ET. Chief Executive Officer Douglas A. Lindsay will host the call along with President Steve Olsen and Chief Financial Officer C. Kelly Wall. A live audio webcast of the conference call and presentation slides may be accessed at investor.aarons.com and the hosting website at https://events.q4inc.com/attendee/457512107. A transcript of the webcast will also be available at investor.aarons.com.
About The Aaron's Company, Inc.
Headquartered in Atlanta, The Aaron's Company, Inc. (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods across its brands: Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. Aaron's offers a direct-to-consumer lease-to-own solution through its approximately 1,260 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform. BrandsMart U.S.A. is one of the leading appliance retailers in the country with ten retail stores in Florida and Georgia, as well as its e-commerce platform. BrandsMart Leasing offers lease-to-own solutions to customers of BrandsMart U.S.A. Woodhaven is the Company's furniture manufacturing division. For more information, visit investor.aarons.com, aarons.com, and brandsmartusa.com.
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DENVER, July 31, 2023 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR) today announced that it was selected by the Defense Information Systems Agency (DISA) to support coordination between federal and commercial licensees of the 3450 - 3550 MHz spectrum band. Palantir will provide its software platform to enable end-to-end automation that will enhance coordination between the Department of Defense and commercial spectrum licensees for shared use of the 3450-3550 MHz band within cooperative planning area (CPA) and periodic use area (PUA) coordination zone boundaries.
As part of an ongoing interagency effort to facilitate the shared usage of critically important mid-band spectrum, Palantir's software will enable DISA's Defense Spectrum Organization (DSO) to support formal and informal coordination processes between the Department of Defense and commercial licensees. Existing and future government activities in the spectrum band are vital to protect national security and ensure military readiness.
Palantir software will be used to integrate multiple existing functions and capabilities into a single infrastructure that will result in more efficient workflows, reducing the timelines for licensee coordination with DoD to establish sharing agreements and enable deployment of 5G wireless services within CPA/PUA boundaries. Palantir software will also be used to demonstrate the ability to support more advanced spectrum sharing use cases.
"We are proud to partner with DISA DSO to support the complex task of sharing limited spectrum resources between federal and commercial users," said Akash Jain, President, Palantir USG. "We are excited to rapidly deploy software that will accelerate and automate coordination workflows and enable the increasingly dynamic and efficient use of spectrum."
"As military and commercial use of radio-frequency spectrum continues to grow, spectrum coordination will be increasingly necessary to preserve the effectiveness of critical national security capabilities while enabling U.S. commercial leadership in 5G and other critical technology areas. Palantir looks forward to working alongside the Department of Defense to deploy innovative software solutions that support advanced spectrum sharing workflows and processes," said Miriam Marwick, SVP, Emerging Technologies, Palantir USG.
About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms' reliability; and our customer's ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
Media Contact
Lisa Gordon
media@palantir.com
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SAN JOSE, Calif., July 31, 2023 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal third quarter ended July 1, 2023 and outlook for its fiscal fourth quarter ending September 30, 2023.
"Our third quarter results were in line with our outlook. We continue to execute well and deliver consistent operating margins and solid cash generation," stated Jure Sola, Chairman and Chief Executive Officer. "Our strong performance in the first nine months and achievement of our outlook for the fourth quarter would result in fiscal 2023 revenue growth of approximately 14 percent and non-GAAP EPS growth of approximately 35 percent. The team remains focused on excellence in quality, delivery and consistently meeting the needs of our customers. We have a strong foundation and promising future," Sola concluded.
Fourth Quarter Fiscal 2023 Outlook
The following outlook is for the fiscal fourth quarter ending September 30, 2023. These statements are forward-looking and actual results may differ materially.
- Revenue between $2.1 billion to $2.2 billion
- GAAP diluted earnings per share between $1.24 to $1.34
- Non-GAAP diluted earnings per share between $1.47 to $1.57
Safe Harbor Statement
The statements above concerning our financial outlook for the fourth quarter fiscal 2023 and our expectations for growth in revenue and non-GAAP earnings per share in fiscal 2023 should such outlook be achieved, constitute forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in these statements as a result of a number of factors, most notably ongoing supply chain constraints and geopolitical uncertainty, including from the conflict in Ukraine. Other factors that could cause our results to differ from our forward-looking statements include adverse changes to the key markets we target; significant uncertainties that can cause our future sales and net income to be variable; reliance on a small number of customers for a substantial portion of our sales; risks arising from our international operations; and the other risk factors set forth in the Company's annual and quarterly reports filed with the Securities Exchange Commission.
The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter any of the forward-looking statements made in this earnings release, the conference call or the Investor Relations section of our website whether as a result of new information, future events or otherwise, unless otherwise required by law.
Company Conference Call Information
Sanmina will hold a conference call to review its financial results for the third quarter and outlook for the fourth quarter of fiscal 2023 on Monday, July 31, 2023 at 5:30 p.m. ET (2:30 p.m. PT). The access numbers are: domestic 833-816-1390 and international 412-317-0483. The conference will also be webcast live over the Internet. You can log on to the live webcast at Q3 Webcast Link. Additional information in the form of a slide presentation is available on Sanmina's website at www.sanmina.com. A replay of the conference call will be available for 48-hours. The access numbers are: domestic 877-344-7529 and international 412-317-0088, access code is 1520057.
About Sanmina
Sanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. Sanmina has facilities strategically located in key regions throughout the world. More information about the Company is available at www.sanmina.com.
Sanmina Contact
Paige Melching
SVP, Investor Communications
408-964-3610
Schedule 1
The statements above and financial information provided in this earnings release include non-GAAP measures of operating income, operating margin, net income, diluted earnings per share and pre-tax return on invested capital (ROIC). Management excludes from these measures stock-based compensation, restructuring, acquisition and integration expenses, impairment charges, amortization charges and other unusual or infrequent items, as adjusted for taxes, as more fully described below.
Management excludes these items principally because such charges or benefits are not directly related to the Company's ongoing core business operations. We use such non-GAAP measures in order to (1) make more meaningful period-to-period comparisons of the Company's operations, both internally and externally, (2) guide management in assessing the performance of the business, internally allocating resources and making decisions in furtherance of Company's strategic plan, (3) provide investors with a better understanding of how management plans and measures the business and (4) provide investors with a better understanding of our ongoing, core business. The material limitations to management's approach include the fact that the charges, benefits and expenses excluded are nonetheless charges, benefits and expenses required to be recognized under GAAP and, in some cases, consume cash which reduces the Company's liquidity. Management compensates for these limitations primarily by reviewing GAAP results to obtain a complete picture of the Company's performance and by including a reconciliation of non-GAAP results to GAAP results in its earnings releases.
Additional information regarding the economic substance of each exclusion, management's use of the resultant non-GAAP measures, the material limitations of management's approach and management's methods for compensating for such limitations is provided below.
Stock-based Compensation Expense, which consists of non-cash charges for the estimated fair value of equity awards granted to employees and directors, is excluded in order to permit more meaningful period-to-period comparisons of the Company's results since the Company grants different amounts and value of equity awards each quarter. In addition, given the fact that competitors grant different amounts and types of equity awards and may use different valuation assumptions, excluding stock-based compensation permits more accurate comparisons of the Company's core results with those of its competitors.
Restructuring, Acquisition and Integration Expenses, which consist of severance, lease termination costs, exit costs, environmental investigation, remediation and related costs and other charges primarily related to closing and consolidating manufacturing facilities and those associated with the acquisition and integration of acquired businesses, are excluded because such charges (1) can be driven by the timing of acquisitions and exit activities which are difficult to predict, (2) are not directly related to ongoing business results and (3) generally do not reflect expected future operating expenses. In addition, given the fact that the Company's competitors complete acquisitions and adopt restructuring plans at different times and in different amounts than the Company, excluding these charges or benefits permits more accurate comparisons of the Company's core results with those of its competitors. Items excluded by the Company may be different from those excluded by the Company's competitors and restructuring and integration expenses include both cash and non-cash expenses. Cash expenses reduce the Company's liquidity. Therefore, management also reviews GAAP results including these amounts.
Impairment Charges, which consist of non-cash charges, are excluded because such charges are non-recurring and do not reduce the Company's liquidity. In addition, given the fact that the Company's competitors may record impairment charges at different times, excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors.
Amortization Charges, which consist of non-cash charges impacted by the timing and magnitude of acquisitions of businesses or assets, are also excluded because such charges do not reduce the Company's liquidity. In addition, such charges can be driven by the timing of acquisitions, which is difficult to predict. Excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors because the Company's competitors complete acquisitions at different times and for different amounts than the Company.
Other Unusual or Infrequent Items, such as charges or benefits associated with distressed customers, expenses, charges and recoveries relating to certain legal matters, gains and losses on sales of assets, deferred tax adjustments and discrete tax items, are excluded because such items are typically non-recurring, difficult to predict or not directly related to the Company's ongoing or core operations and are therefore not considered by management in assessing the current operating performance of the Company and forecasting earnings trends. However, items excluded by the Company may be different from those excluded by the Company's competitors. In addition, these items include both cash and non-cash expenses. Cash expenses reduce the Company's liquidity. Management compensates for these limitations by reviewing GAAP results including these amounts.
Adjustments for Taxes, which consist of the tax effects of the various adjustments that we exclude from our non-GAAP measures, and adjustments related to deferred tax and discrete tax items. Including these adjustments permits more accurate comparisons of the Company's core results with those of its competitors. We determine the tax adjustments based upon the various applicable effective tax rates. In those jurisdictions in which we do not expect to realize a tax cost or benefit (due to a history of operating losses or other factors), a reduced tax rate is applied.
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CHICAGO — (AP) — , A leading anti-abortion organization criticized Republican Ron DeSantis on Monday for not supporting a national ban on the procedure, calling the Florida governor's position "unacceptable" as he seeks the GOP nomination for president.
The president of Susan B. Anthony Pro-Life America, an influential player in conservative politics, took issue with DeSantis' statements in a recent interview in which he declined to back a national abortion ban. SBA President Marjorie Dannenfelser said the anti-abortion movement and Americans across the U.S. deserve a president who will "boldly advocate" for a ban on abortion at 15 weeks of pregnancy.
“A pro-life president has a duty to protect the lives of all Americans. He should be the National Defender of Life," she said. “Gov. DeSantis’s dismissal of this task is unacceptable to prolife voters. A consensus is already formed. Intensity for it is palpable and measurable. There are many pressing legislative issues for which Congress does not have the votes at the moment, but that is not a reason for a strong leader to back away from the fight. This is where presidential leadership matters most."
DeSantis' campaign called the statement unjustified.
“Governor DeSantis delivers results and acts, especially when it comes to protecting life. He did so in Florida by signing the heartbeat bill and will be a pro-life president," Press Secretary Bryan Griffin said. "He does not kowtow to DC interest groups. This unjustified attack on him is another example of the DC political games that have seen conservatives falter in Washington while Governor DeSantis has produced unmatched conservative victories in Florida."
Susan B. Anthony Pro-Life America was responding to a recent interview in which Megyn Kelly asked DeSantis if he would support a national abortion ban. The U.S. Supreme Court last year overturned Roe v. Wade, the roughly 50-year-old ruling that established a federal right to abortion. Susan B. Anthony has said it would not support any White House candidate in 2024 who did not at a minimum support a 15-week federal ban.
In the interview, DeSantis noted he signed legislation in Florida to ban abortion at six weeks of pregnancy but suggested that individual states should decide the issue. He said he is “pro-life” but added that he is “running on doing things that I know I can accomplish.”
Democrats say the Supreme Court's decision and Republicans' focus on restricting abortion rights have helped motivate voters to favor more liberal candidates, and the party believes it will be a major factor again in 2024. Abortion rights were on the ballot in six states in 2022, and in every contest voters opted to protect them. In the battleground state of Wisconsin, a liberal candidate who made abortion rights a centerpiece of her campaign won an April election for a seat on the state's highest court.
A recent poll from The Associated Press-NORC Center for Public Affairs Research found that the majority of U.S. adults want abortion to be legal at least through the initial stages of pregnancy. About two-thirds of Americans said abortion should generally be legal, but only about a quarter said it should always be legal and only about 1 in 10 said it should always be illegal.
About half of Americans say abortions should be permitted at the 15-week mark, though 55% of those living in states with the most restrictive laws say abortion should be banned by that point, the poll found.
The criticism from a powerful organization comes at a tenuous time for DeSantis, who is seen as the top rival to former President Donald Trump for the GOP presidential nomination, but who has been running a distant second to Trump in public polling. DeSantis' campaign has been working in recent weeks to improve his trajectory and reboot his campaign, including cutting staff.
He is not alone in drawing criticism from Susan B. Anthony Pro-Life America, however. The group also was critical of Trump for not supporting the 15-week federal ban.
Trump has defended that position, noting he appointed the Supreme Court justices who made it possible for Roe v. Wade to be overturned. Trump also has said that Republicans' focus on restricting abortion
Some other Republicans seeking the nomination support the national ban. Former Vice President Mike Pence said he would go further, endorsing a ban at six weeks of pregnancy, or before some women know they are pregnant.
He told The Associated Press that abortion should be banned when a pregnancy isn't viable — a standard that would force women to carry pregnancies to term even when doctors have determined there is no chance a baby will survive outside the womb.
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Associated Press reporter Michelle L. Price contributed from New York.
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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As school starts to get underway across the U.S. in the coming weeks, many students and teachers will undergo mass shooting drills.
These types of drills have become more popular in recent years due to a number of notable mass shooting incidents at schools throughout the U.S.
While many experts say it's important to be prepared for such incidents, there are concerns that some drills can also cause psychological harm.
SEE MORE: Back-to-school spending higher as sales of electronics rise
Do drills work?
A study published in 2022 in the Journal of School Violencesaid schools that successfully implemented lockdowns had 60% fewer total casualties, with 79% reductions in victims pronounced dead at the scene, even after controlling for other variables during shooting incidents.
Other studies have shown similar results, reaffirming that successful lockdowns reduce casualties.
"There has never been a case where an armed assailant has, you know, breached a locked classroom door. When they've gotten in, it was either unlocked or they were able to like, shoot through glass, like a glass window and get in," said Franci Crepeau-Hobson, training director with the Colorado School Psychology Internship Consortium. "So knowing that kind of informed this idea in part that standard lockdown procedures are effective."
But experts expressed concerns that higher-intensity drills might lead to more harm than good.
One popular program is ALICE Training, which involves training that reportedly goes beyond lockdown-only drills.
"In the chaos of a violent critical incident, every second counts, and ALICE strategies equip civilians with life-saving options that go beyond the traditional and inadequate lockdown-only response," ALICE Training said in a press release.
Representatives for ALICE Training could not be reached for comment. The company's website said it uses "age-appropriate" training for students. Part of that training includes teaching kids how to distract assailants during incidents.
The training has been used at 5,500 schools across the U.S., Alice Training says.
SEE MORE: Secrets to save on back-to-school clothes and other items
Psychological impacts
It is when drills go beyond preparing for lockouts that concerns some experts. Of particular concern are when drills are done without any advanced warning.
"I guess you can kind of imagine that would be traumatic for a child to go through," said Crepeau-Hobson. "I mean, people thought they were gonna die and there was actual trauma. It was that it was that kind of harm that we were really concerned about and also, you know, engaging in, practices that there's no evidence that says these are actually helpful in terms of increasing school safety."
Dr. David J. Schonfeld, who directs the National Center for School Crisis and Bereavement, echoes Crepeau-Hobson's concerns. He said oftentimes trainings are done from the perspective of first responders who may not fully understand child development when developing their training.
"Children and sometimes the staff are not informed or aware that it's actually an exercise and feel that it is a real event," Schonfeld said. "This is a kind of extreme way to, to bring realism to the drill and it obviously can have significant emotional distress because the individual feels they're actually under attack."
Schonfeld said some of these drills can become way too realistic for young kids to handle.
"There really are simulations that are meant to mimic the actual advance, but they don't, they don't require deception, but they try and recreate the experience of being in an active shooter drill to varying degrees," he said. "So that might mean that they use actual weapons, they might use the sound of gunshots, hopefully blanks, as opposed to live ammunition. They will have individuals that maybe have makeup, to kind of mimic wounds or to mimic blood, they would have predatory and aggressive acting.
"So they might have someone not just go and check to see if the door knobs are locked in the various classrooms, but act as if they're trying to get into the door in a way that, you know, simulates someone who's actually trying to break in. And so we feel that those kind of exercises and drills are not necessary."
Tips for parents, teachers
With many students going through lockdown and active shooter trainings in the coming weeks, Crepeau-Hobson said there are a few things parents and teachers should be looking for.
For instance, there are questions parents can ask of administrators.
"I would ask, you know, is there a specific program you're using? Have the adults been trained? Is there evidence that this works? Have the kids been informed? Have the staff been informed? I'm assuming they would if the parents know what have you told the kids about it? Have you explained what's going to happen? Have you explained why you do this?" Crepeau-Hobson said.
"Because we know when we have those conversations with kids and explain this is why we do these drills, that actually helps to increase perceptions of safety and security."
Teachers may also have to deal with questions about drills immediately after such trainings.
"We can typically identify kids who might have a harder time, maybe kids who already have special needs or they have some kind of mental health challenge or something going on," Crepeau-Hobson said said. "And so we might be particularly careful with them, but if we do it right and we talk about it ahead of time, then we have a chance to talk about it afterwards, telling teachers it's OK to process it with your kids."
Schonfeld also suggests that educators understand children may not always be forthright with showing their feelings after such drills.
"I do think teachers if they're empathic and supportive can convey a culture or climate in a classroom where kids know they can come forward and talk to them and or talk to others in the school if they have distress from things that have happened or are happening in their lives, but we can't assume that they're going to disclose 100% of those experiences or feelings," he said.
Trending stories at Scrippsnews.com
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Highland Springs rising senior quarterback Khristian Martin, the reigning co-All-Metro football player of the year, on Sunday announced his verbal commitment to the University of Maryland , College Park.
Martin led the Springers to a Class 5 state championship last season and shared POY honors with Dinwiddie's Harry Dalton, who led the Generals to the Class 4 crown.
A three-star recruit in the Class of 2024 (247Sports), Martin also held offers from Virginia, Virginia Tech, Liberty, William & Mary and Texas A&M.
A 6-foot-4, 190-pound dual-threat signal caller, Martin, in 2022, accounted for 43 touchdowns running and passing.
He threw for 2,388 yards – to 16 different receivers – with 30 touchdowns and just one interception, while rushing for 773 yards and 13 TDs.
The Springers went 15-0, including a handful of wins against top-tier, out-of-state competition.
In a victory against Martinsburg, W.Va., Martin threw for 300 yards and ran for 114. He was named the Class 5 offensive player of the year.
A product of local quarterbacks coach Malcolm Bell's Undefeated Quarterback Training, Martin exhibits standout footwork, pocket awareness and accuracy, with a striking willingness to spread the ball around and find the open man.
Highland Springs quarterback Khristian Martin (12) celebrates with wide receiver Kemuel Fountain (84) after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
The Springers last year used his rushing prowess sparingly, but found ample success when deploying packages centered around designed carries for Martin.
Also a standout forward on the Springers basketball team, Martin helped Highland Springs win a state title on the hardwood in the 2021-22 season.
Highland Springs quarterback Khristian Martin (12) carries the ball during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
"I'd like to thank Coach (Loren) Johnson's and Coach (Reggie) Tennyson's staffs for embracing me and my athletic abilities in both sports," Martin said in a commitment video released on Sunday.
"I've made great memories with the teams, even winning state championships. But for me, football has always been my first love."
Highland Springs forward Khristian Martin (12) shoots over Stone Bridge wing Gabriel Coulthurst (12) during the Class 5 boys basketball quarterfinal on Friday, March 3, 2023 at J.R. Tucker High School in Henrico, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
A member of the Big Ten Conference, Maryland last season went 8-5 and beat No. 23-ranked NC State 16-12 in the Duke's Mayo Bowl.
It would seem Terrapins running backs coach Latrell Scott , a Richmond native with extensive recruiting roots in the area, helped bring Martin to College Park amid interest from top in-state programs like the Hokies and Cavaliers.
"804 (turtle emoji) let's GO," Scott tweeted on Sunday shortly after Martin's announcement.
All-Metro players of the year Harry Dalton of Dinwiddie (left) and Khristian Martin, of Highland Springs dominated area competition, but neither is finished playing high school football yet.
SHABAN ATHUMAN, TIMES-DISPATCH
A Mechanicsville High and Hampton University alumnus, Scott has coached at Virginia State, Norfolk State, VMI, Richmond, Virginia and JMU, among other stops.
Martin added that he developed a strong relationship with Terps head coach Michael Locksley, who visited Highland Springs personally on two occasions to court Martin.
The quarterback also sees ample opportunities for his professional life off the field through Maryland's mentor program.
"Go Terps!" Martin said with a smile upon announcing his college destination to a group gathered in Ashland on Sunday evening.
PHOTOS:Highland Springs dominates Maury 33-19 to win the state championship
Highland Springs head coach Loren Johnson gets doused in Gatorade after beating Maury in the state title game, one of three championships that area teams brought home this season.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs wide receiver Caron Ferguson (0) carries the ball for a touchdown during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs wide receiver Caron Ferguson (0) celebrates his touchdown score with wide receiver Takye Heath (2) and Khristian Martin (12) during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Maury quarterback Mario Miller (0) looks to make a pass during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Malik Morrow (44) celebrates after his team stopped Maury during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Aziz Foster-Powell (3) carries the ball as Maury defensive back Syncere Hawkins (10) defends during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs wide receiver Caron Ferguson (0) celebrates his touchdown score with wide receiver Takye Heath (2) and Khristian Martin (12) during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs quarterback Khristian Martin (12) celebrates with wide receiver Kemuel Fountain (84) after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Maury defensive back Elijah Moss (19) breaks up a pass intended for Highland Springs player Noah Jenkins (24) during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs wide receiver Caron Ferguson (0) tries to make a catch as Maury defensive backs Davontae Floyd (2) and Trevon Cannon (15) defend during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs head coach Loren Johnson celebrates with his team after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs head coach Loren Johnson runs away from the gatorade bath after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs quarterback Khristian Martin (12) looks to make a pass during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs head coach Loren Johnson poses for a picture with his team after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs wide receiver Brennan Johnson (11) gets hoisted after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Tkhi Alexander (70) celebrates his touchdown during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs players celebrate after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Darius Taylor (4) escorts running back Aziz Foster-Powell (3) to the endzone for a touchdown during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs head coach Loren Johnson tries to avoid the Gatorade bath after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs wide receiver Brennan Johnson (11) gets hoisted after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Aziz Foster-Powell (3) celebrates his touchdown during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs wide receiver Brennan Johnson (11) gets hoisted after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs players celebrate and dance after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs wide receiver Brennan Johnson (11) emrbaces one of his coaches after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs wide receiver Brennan Johnson (11) wipes tears as he celebrates after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Noah Jenkins (24) embraces Brennan Johnson (11) after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Maury defensive back Elijah Moss (19) breaks up a pass intended for Highland Springs player Noah Jenkins (24) during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Jakyre Henley (1) carries the ball as Maury wide receiver Davontae Floyd (2) and wide receiver Frederick Johnson (9) defend during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs defensive tackle Nick Jones (52) embraces wide receiver Brennan Johnson (11) after beating Maury 33-19 in a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs wide receiver Caron Ferguson (0) hauls in a catch during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Jakyre Henley (1) carries the ball during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Lance Nelson (9) celebrates with his teammates after scoring the team's first points in the first quarter of a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs wide receiver Caron Ferguson (0) leads his team onto the field before a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Maury wide receiver Frederick Johnson (9) carries the ball as Highland Springs player Malik Morrow (44) and player Brennan Johnson (11) bring him down during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Maury wide receiver DavontaeFloyd (2) hauls in a pass as Highland Springs player Braylon Johnson (8) brings him down during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Maury wide receiver Joshua Powell (3) hauls in a touchdown pass as Highland Springs player Alim Foster-powell (25) defends hauls in during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Takye Heath (2) meets the other team captains for a coin toss before a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Maury running back Melvin Lowe (13) carries the ball as Highland Springs player Takye Heath (2) brings him down during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Brennan Johnson (11) celebrates his interception int firs half of a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Maury wide receiver Joshua Powell (3) hauls in a touchdown pass as Highland Springs player Alim Foster-powell (25) defends hauls in during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Lance Nelson (9) returns an interception for a touchdown during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Maury running back Melvin Lowe (13) carries the ball during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs quarterback Khristian Martin (12) meets with is coach after being stopped on fourth down during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Takye Heath (2) lifts corner Alim Foster-powell's (25) chin after giving a touchdown to Maury wide receiver Joshua Powell (3) during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs quarterback Khristian Martin (12) carries the ball during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Maury running back Melvin Lowe (13) carries the ball as Highland Springs player Brennan Johnson (11) defends during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Lance Nelson (9) returns an interception for a touchdown during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
Highland Springs player Darius Taylor (4) brings down Maury running back Melvin Lowe (13) during a VHSL Class 5 football championship on Saturday, December 10, 2022 at S.B. Ballard Stadium in Norfolk, Virginia.
SHABAN ATHUMAN/TIMES-DISPATCH
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Florida girl, 13, shot by man who accused her of throwing rocks at his car, police say
MELBOURNE, Fla. - A 13-year-old girl was shot in Melbourne by a man who accused her and her friends of throwing rocks at his car, according to police.
The Melbourne Police Department responded to calls about the sound of gunshots near the intersection of North Wickham Road and Fountainhead Boulevard shortly after midnight on Monday.
The 13-year-old girl was transported to a local hospital where she was treated for a superficial, non-life threatening wound to her arm, police said.
She told police that she and her friends were confronted by an adult male driver driving a white truck or SUV who accused them of throwing rocks at his car, officials said. The girl then added the man allegedly fired shots toward the group.
That's when they all ran back into the Sabal Palms apartment complex, police said.
At around the same time, police said they received other reports from drivers complaining that juveniles were throwing rocks and cinder blocks at passing cars in the area.
Detectives said this is an isolated incident and the public has no reason to think this an ongoing threat.
MORE NEWS:
- 1 injured in shooting at hotel in Lake Buena Vista, deputies say
- VIDEO: Suspects accused of breaking into cars in downtown Orlando
- Man shot, killed by Florida police after firing gun at Palm Bay officers: officials
Police said there is no video of the incident, nor is there a more accurate description of the suspect or his car.
Anyone with information is urged to contact the Melbourne Police Department at 321-608-6731 and ask to speak to a detective.
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https://www.fox35orlando.com/news/florida-girl-13-shot-by-man-who-accused-her-of-throwing-rocks-at-his-car-police-say
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THOUSAND OAKS, Calif., July 31, 2023 /PRNewswire/ -- Amgen (NASDAQ:AMGN) today announced that it will report its second quarter financial results on Thursday, August 3, 2023, after the close of the U.S. financial markets. The announcement will be followed by a conference call with the investment community at 1:30 p.m. PT. Participating in the call from Amgen will be Robert A. Bradway, chairman and chief executive officer, and other members of Amgen's senior management team.
Live audio of the conference call will be simultaneously broadcast over the internet and will be available to members of the news media, investors and the general public.
The webcast, as with other selected presentations regarding developments in Amgen's business given by management at certain investor and medical conferences, can be found on Amgen's website, www.amgen.com, under Investors. Information regarding presentation times, webcast availability and webcast links are noted on Amgen's Investor Relations Events Calendar. The webcast will be archived and available for replay for at least 90 days after the event.
About Amgen
Amgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. This approach begins by using tools like advanced human genetics to unravel the complexities of disease and understand the fundamentals of human biology.
Amgen focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve health outcomes and dramatically improve people's lives. A biotechnology pioneer since 1980, Amgen has grown to be one of the world's leading independent biotechnology companies, has reached millions of patients around the world and is developing a pipeline of medicines with breakaway potential.
Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average and is also part of the Nasdaq-100 index. In 2022, Amgen was named one of the "World's Best Employers" by Forbes and one of "America's 100 Most Sustainable Companies" by Barron's.
For more information, visit Amgen.com and follow us on Twitter, LinkedIn, Instagram, TikTok and YouTube.
CONTACT: Amgen, Thousand Oaks
Jessica Akopyan, 805-440-5721 (media)
Elissa Snook, 609-251-1407 (media)
Arvind Sood, 805-447-1060 (investors)
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SOURCE Amgen
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SEATTLE, July 31, 2023 /PRNewswire/ -- Seabourn, the leader in ultra-luxury voyages and expedition travel, took delivery of its second expedition ship, Seabourn Pursuit, today during an official handover maritime ceremony at the T. Mariotti shipyard in Genoa, Italy. Seabourn Pursuit is the company's second purpose-built, ultra-luxury expedition ship and the newest expedition ship in the industry.
"I am honored to share this incredible moment with the entire Seabourn family as we welcome Seabourn Pursuit, our highly anticipated second ultra-luxury expedition ship, into our fleet," expressed Natalya Leahy, Seabourn President. "With remarkable craftsmanship by the Mariotti team, an abundance of space, and the breathtaking style of Tihany Design, Seabourn Pursuit raises the bar for ultra-luxury expedition travel. We are grateful to Mariotti and Tihany Design for their expertise in shaping and making our dream come true for our guests."
Leahy added that the state-of-the-art Seabourn Pursuit will provide the perfect combination of luxury and expedition. "Seabourn Pursuit offers the best of both worlds: our well-known signature luxury and elegance with the world of exploration and adventure. The ship is masterfully designed for our guests, who are extraordinary people looking for out of the ordinary experiences. Our guests will indulge in Seabourn's ultra-luxury style and enjoy our intuitive, personalized service, while the ship takes them to awe-inspiring destinations around the world that only few will ever visit in a lifetime."
"Today, one year after the delivery of Seabourn Venture, we are very happy to have completed and delivered her sister ship, Seabourn Pursuit," said Marco Ghiglione, Managing Director of T. Mariotti. "We are truly proud to have built the most outstanding ultra-luxury expedition ship for Seabourn, one of the leading cruise lines in the luxury market. This is another important masterpiece for Italian shipbuilding coming out of T. Mariotti shipyard, demonstrating again that our leadership in this sector is well consolidated. Thanks to Seabourn, all people involved in this journey, Lloyd's Register and the pencil of Adam Tihany, here is the new expedition jewel."
Seabourn Pursuit offers the same luxurious "yacht like" small ship experience that travelers have come to expect from Seabourn, enhanced by world-class equipment that allows the line to offer its widest range of expedition activities led by an expert 24-person expedition team of scientists, scholars, naturalists, and more. Seabourn Pursuit is designed and built for remote, diverse environments to PC6 Polar Class standards and will include a plethora of modern hardware and technology that will extend the ship's global deployment and capabilities. Seabourn Pursuit has close to 30,000 square feet of deck space and special touches at every turn. Those include indoor and outdoor guest areas with nearly 270-degree views, and a 4K GSS Cineflex Camera mounted on the mast of the Constellation Lounge capable of broadcasting imagery from miles ahead on monitors located throughout the ship and in guest suites.
In addition, Seabourn Pursuit, like the rest of the ships in the Seabourn fleet, offers an abundance of space and elegance, eight dining facilities serving gourmet cuisine, and luxurious all-suite accommodations, including a pair of two-level Wintergarden suites.
Seabourn Pursuit is scheduled to enter service August 12, 2023, and will sail five voyages in the Mediterranean before embarking on two voyages across the Atlantic and through the Caribbean. On October 10, 2023, the ship will arrive in Barbados to begin its expedition journeys, taking guests to remote corners of the globe. Seabourn Pursuit will head south for expeditions exploring coastal South America, the Amazon, and Antarctica into late March 2024.
Following its inaugural Antarctic season, the ship will head across the islands of the South Pacific and eventually to Australia, which will be the start of the line's first exploration of the Kimberley region in the Northern Territory and Western Australia between June and August 2024. The iconic Kimberley, with its red sandstone gorges, rivers, waterfalls, wildlife, and Aboriginal life and history, is the ideal setting for a truly, world-class expedition experience. In addition to the Kimberley, Seabourn Pursuit will visit Papua New Guinea, West Papua, Indonesia, and sail across the South Pacific between Chile and Melanesia between March and October 2024.
For more details about Seabourn, or to explore the worldwide selection of Seabourn cruising options, contact a professional travel advisor, call Seabourn at 1-800-929-9391 or visit www.seabourn.com.
About Seabourn:
Seabourn represents the pinnacle of ultra-luxury ocean and expedition travel and operates a suite of six modern ships with one under construction. The all-inclusive, boutique ships offer all-suite accommodations with oceanfront views; award-winning dining; complimentary premium spirits and fine wines available at all times; renowned service provided by an industry-leading crew; a relaxed, sociable atmosphere that makes guests feel at home; a pedigree in expedition travel through the Ventures by Seabourn program and two new ultra-luxury purpose-built expedition ships, including Seabourn Venture that launched in 2022 and Seabourn Pursuit scheduled to enter service in 2023. Seabourn takes travelers to every continent on the globe, visiting more than 400 ports including marquee cities and lesser-known ports and hideaways. Guests of Seabourn experience extraordinary offerings and programs, including partnerships with leading entertainers, dining, personal health and wellbeing, and engaging speakers.
For more details about Seabourn, or to explore the worldwide selection of Seabourn cruising options, contact a professional travel advisor, call Seabourn at 1-800-929-9391 or visit www.seabourn.com.
Seabourn is a brand of Carnival Corporation and plc (NYSE/LSE: CCL and NYSE: CUK).
Find Seabourn on Twitter, Facebook, Instagram, YouTube and Pinterest.
Notes to Editors:
Seabourn is consistently ranked among the world's top travel choices by professional critics and the discerning readers of prestigious travel publications such as Departures, Travel + Leisure and Condé Nast Traveler. Its stylish, distinctive cruising vacations are renowned for:
- Purpose-built expedition ships, PC6 ice-strengthened hull, with advanced maneuvering technology for superior stability, safety, and comfort
- World-class Expedition Team, delivering immersive experiences
- All veranda, all ocean-front suites luxuriously appointed
- Handcrafted itineraries developed for the expedition traveler to the most coveted and familiar remote destinations in the world
- Intimate ships with a private club atmosphere
- Intuitive, personalized service provided by staff passionate about exceeding guests' expectations
- Inclusive expedition experiences with Zodiacs, scuba diving and snorkeling
- Optional expedition experiences with kayaks and custom-built, 6-guest submarines giving the option to extend your expedition further for greater ocean exploration**
- Welcome toast and complimentary in-suite bar stocked with your preferences
- Hosted bridge policy* with Expedition team members providing firsthand access to the ship's command center and officers navigating your journey
- World-class dining venues are all complimentary, dine where, when and with whom you wish
- Tipping is neither required, nor expected
- Complimentary premium spirits and fine wines available on board at all times
- Meticulous and purposeful adventurers' resort at sea designed for the luxury traveler with unique attributes and spaces to enhance your experience
- Spa & Wellness with Dr. Andrew Weil, featuring an exclusive mindful living program**
- Committed to environmental stewardship and sustainability
*At the Captain's discretion
** Optional programs, for additional charge
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SOURCE Seabourn
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The Fitness Superstore to Exclusively Carry the REP Line
DENVER, July 31, 2023 /PRNewswire/ -- Home and commercial gyms in the United Kingdom and Ireland are about to level up.
One of the USA's top gym equipment brands has joined forces with the UK's largest speciality fitness retailer. Starting this summer, Bodypower Sports Ltd. (trading as Fitness Superstore) will carry a large range of REP Fitness equipment. This expansion was in response to a growing demand overseas, after REP took the US by storm. It kicks off the launch of REP products throughout all of Europe, so more people can have access to REP's versatile, quality, innovative equipment.
REP, founded a decade ago in Colorado by two gym-loving brothers, has risen to become America's most popular brand in the home gym market. It offers a full line of gym gear, all designed by in-house, weightlifting engineers for both commercial and home gyms.
REP's award-winning power racks, benches, functional training gyms, and more will soon be available for UK customers to try out and order in Fitness Superstore showrooms across the UK (11 stores). Fitness Superstore, founded in 1994, is the largest supplier of specialist fitness equipment in the UK and is proud to feature the largest fitness equipment showrooms in the UK.
Fitness Superstore will also carry REP on its website, to be delivered throughout the UK and Ireland.
"Fitness Superstore is proud to exclusively represent this fantastic and innovative brand in the UK," says Paul Walker, Fitness Superstore managing director and owner.
Ryan McGrotty, co-founder or REP, echoes that. He says Fitness Superstore and REP make a great partnership because both are staffed by real-life fitness enthusiasts and professionals; they both offer a full range of equipment, and they both value creating community and making fitness accessible to all.
"We're excited to be working with such a strong partner in the UK with Fitness Superstore. We know they will offer a great shopping experience for all our fans in the UK who have been eagerly awaiting the availability of our products," says McGrotty. "Their broad store footprint will make it convenient for everyone to easily see and test our products before taking them home.
ABOUT REP
REP Fitness designs and sells world-class, innovative strength equipment that is sold around the world. REP was founded in Colorado in 2012 by two brothers with a shared passion for fitness and has grown into more than 300,000 square feet of office and distribution space and a team of more than 150 dedicated fitness enthusiasts. That shared passion for fitness is what drives REP's innovative spirit, where creating class-leading fitness equipment, with an emphasis on incredible home gyms, is paramount.
REP has been listed twice on the Inc. 5,000 fastest-growing companies — in 2018 and in 2021. REP products are frequently listed as top choices in many fitness publications, such as Men's Health.
For more information, visit repfitness.com. Connect with REP on Instagram, YouTube, Facebook, TikTok, and LinkedIn.
ABOUT FITNESS SUPERSTORE
Fitness Superstore, founded in 1994, is the largest supplier of specialist fitness equipment in the UK and is proud to feature the largest fitness equipment showrooms in the UK.
Learn more at fitness-superstore.co.uk. You can also connect with Fitness Superstore on Facebook, Instagram, YouTube, and TikTok.
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SOURCE Rep Fitness
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https://www.kfyrtv.com/prnewswire/2023/07/31/rep-fitness-equipment-now-available-pre-order-uk-ireland/
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CAPE CANAVERAL, Fla. — (AP) — NASA is listening for any peep from Voyager 2 after losing contact with the spacecraft billions of miles away.
Hurtling ever deeper into interstellar space, Voyager 2 has been out of touch ever since flight controllers accidentally sent a wrong command more than a week ago that tilted its antenna away from Earth. The spacecraft's antenna shifted a mere 2%, but it was enough to cut communications.
Although it’s considered a long shot, NASA said Monday that its huge dish antenna in Canberra, Australia, is on the lookout for any stray signals from Voyager 2, currently more than 12 billion miles (19 billion kilometers) distant. It takes more than 18 hours for a signal to reach Earth from so far away.
In the coming week, the Canberra antenna — part of NASA's Deep Space Network — also will bombard Voyager 2’s vicinity with the correct command, in hopes it hits its mark, according to NASA's Jet Propulsion Laboratory, which manages the Voyager missions.
Otherwise, NASA will have to wait until October for an automatic spacecraft reset that should restore communication, according to officials.
Voyager 2 was launched in 1977 to explore the outer planets, just a couple weeks ahead of its identical twin, Voyager 1.
Still in touch with Earth, Voyager 1 is now nearly 15 billion miles (24 billion kilometers) away, making it humanity's most distant spacecraft.
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The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group. The AP is solely responsible for all content.
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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