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STOCKHOLM, April 14, 2022 /PRNewswire/ -- First quarter highlights
- Group organic sales grew by 3% YoY driven by Networks in North America and in Europe and Latin America. Reported sales were SEK 55.1 (49.8) b.
- Reported gross margin was 42.3% (42.8%) impacted by proactive investments in supply chain resilience in Networks. Rolling four quarter gross margin was 43.2%.
- Due to the indefinite suspension of affected business in Russia, a provision for impairment of assets and other extraordinary costs of SEK -0.9 b. was booked in the quarter as other operating expenses in segment Networks. Around one third of this amount will impact cash flow.
- EBIT amounted to SEK 5.9 b. with an EBIT margin of 10.7% when excluding the provision and a revaluation of Ericsson Ventures investments of SEK -0.3 b. Reported EBIT was SEK 4.7 (5.3) b.
- EBITA amounted to SEK 6.1 b. with an EBITA margin of 11.0% when excluding the provision and the revaluation of Ericsson Ventures investments. Reported EBITA was SEK 4.9 (5.5) b.
- Networks EBIT margin was 18.7% when excluding the provision related to Russia. In addition, EBIT was negatively impacted by timing of software sales in a large contract as well as by increased R&D. Reported EBIT margin was 16.6% (20.0%).
- Organic sales in Emerging Business and Other grew by 15% YoY driven by Cradlepoint.
- Reported net income was SEK 2.9 (3.2) b.
- Free cash flow before M&A was SEK -1.7 (1.6) b. impacted primarily by proactive inventory build-up for supply chain resilience. Net cash on March 31, 2022, was SEK 65.2 b. compared with SEK 43.0 b. on March 31, 2021.
[1] Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statements.
Comments from Börje Ekholm, President and CEO of Ericsson (NASDAQ:ERIC)
We continue to execute on our strategy to be a leading mobile infrastructure provider and to establish a focused enterprise business. We see strong business momentum and our investments in technology and a resilient supply chain have allowed us to continue to win market share and deliver on customer commitments in spite of global supply chain challenges. In the quarter, we saw organic sales[1] growth of 3%. Gross margin at 42.3% (42.8%) indicates underlying stability while absorbing cost increases in the supply chain. Our EBITA margin was 11.0%, adjusted for revaluation of holdings and provision related to Russia.
Russia's invasion of Ukraine and the resulting humanitarian disaster is a major setback for the world. While mobile infrastructure is essential for communications in Russia, it has been clear from the start of the invasion that business in Russia would have to be reconsidered. Following current sanctions, we have announced an indefinite suspension of our affected business in Russia and recorded a provision for impairment of assets and other extraordinary costs of SEK -0.9 b. in Q1. We will continue to monitor and respond to the situation day by day, with priority on the safety and well-being of our people.
In our core mobile infrastructure business, we foresee a longer investment cycle compared with previous mobile generations as 5G's broad application usage will drive a continued need to increase capacity. Technology leadership is driving our competitiveness, and in the quarter, we invested SEK -10.7 (-9.6) b. in R&D.
Networks sales[1] grew organically by 4% in Q1 reflecting our continually strengthened market position. Gross margin was 44.7% (46.1%). Software sales vary between quarters, and a certain SEK 1 b. annual software contract that is normally recorded in Q1, is this year delayed into Q2. Gross margin was also negatively impacted by proactive investments in supply chain resilience. Hard work throughout the organization enabled us to deliver on customer commitments despite global supply chain challenges. We also continue to increase our R&D investments to extend our leadership. R&D increased by SEK -1 b. YoY and was primarily related to our Cloud RAN portfolio, which gives customers more flexible deployment options, and to next generation ASICs that provide industry-leading radio performance, energy savings and footprint reduction. We foresee long-term attractive return on our investments similar to the last few years.
Digital Services organic sales[1] were down by -2% YoY in the quarter and EBIT was SEK -1.4 b. We are building a strong platform for Digital Services and sales development in the cloud native 5G core portfolio is encouraging with double digit growth, albeit from a low base. However, the overall result in the quarter is not satisfactory. The target of a limited loss for 2022 is challenging especially in light of the increased investments in R&D in service orchestration and 5G portfolio. We now increase focus on accelerating sales growth and addressing efficiency to improve profitability.
To capture opportunities in the rapidly growing enterprise space, we are focusing on two specific areas. The first focus area is wireless networks for enterprise where we already offer easy-to-use pre-packaged solutions, with Cradlepoint showing strong growth in the first quarter as 5G coverage increases on the US C-band. We also see growing momentum for our 5G portfolio in Dedicated Networks. In addition, we are increasing investments in our enterprise go-to-market organization.
The other focus area is a Global Network Platform, which will be built on global unified interfaces, so called APIs. Developers and enterprises will be able to create new use cases and experiences, like high quality video or XR on top of the 5G network, which enable operators and the industry to monetize the network investment in new ways. Ericsson intends to play a major role in building the API platform. With our previously announced intention to acquire Vonage – more than 1 million developers, 120,000 enterprise customers and a proven scaled API infrastructure – we will have a strong position to deliver on this ambition.
Ericsson's IPR licensing revenues in Q1 were affected by several expiring patent license agreements pending renewal and by 5G license negotiations. We are confident in our strong 5G position and leading patent portfolio, positioning us well to conclude pending and future license renewals. Revenues from current IPR licensing contracts are estimated to SEK 1.0–1.5 b. in Q2. The actual revenue impact will depend on timing as well as terms and conditions of new agreements.
We are currently engaging with the Department of Justice (DOJ) regarding the breach notices it issued relating to the Deferred Prosecution Agreement. The resolution of these matters could result in a range of actions by DOJ, and may likely include additional monetary payments, the magnitude of which cannot at this time be reliably estimated. As this process is ongoing, we remain limited in what we can say about the historical events covered in the Iraq investigation and our ongoing engagement on the matter. We are fully committed to co-operating with the DOJ and our work to further strengthen our Ethics and Compliance program, controls and our culture remains a top priority. It was actually our improved compliance program that allowed us to identify the misconduct in Iraq that started at least back in 2011.
In light of the global supply chain challenges, we decided to create a buffer of vital components in order to secure that we meet customer delivery commitments. In the quarter this had a material impact on inventory levels and therefore Free cash flow before M&A amounted to -1.7 (+1.6) b. We expect elevated inventory levels to remain in the next few quarters.
We are well positioned to continue our strategic journey. The mobile infrastructure business will remain our core and we will not spare any effort to strengthen our position here. Our ambition is to continue to grow and develop this business based on market growth and market share gains. In the growing enterprise space, we are seeing good traction for our established portfolio with Cradlepoint and Dedicated Networks. We continue to work towards closing the Vonage acquisition in the first half of 2022 and to start developing the Global Network Platform.
With our investments in both our core and enterprise businesses, as well as in our culture, we are determined to continue to make Ericsson a stronger, more resilient company while at the same time put it on a higher growth trajectory. Our key focus is to accelerate the pace towards reaching our long-term target of an EBITA margin of 15–18% and our ambition is to reach this target no later than in 2–3 years.
Börje Ekholm
President and CEO
[1] Sales adjusted for comparable units and currency
NOTES TO EDITORS
You find the complete report with tables in the attached PDF or on www.ericsson.com/investors
Video webcast for analysts, investors and journalists
President and CEO Börje Ekholm and CFO Carl Mellander will comment on the report and take questions at a video webcast at 9:00 AM CEST (8:00 AM BST London, 3:00 AM EDT New York).
To join the webcast, please go to www.ericsson.com/investors
To ask a question, please call:
Sweden: +46 (0)8 566 426 51 (Toll-free Sweden: 0200 883 685)
International/UK: +44 (0)333 300 0804 (Toll-free UK: 0800 358 9473)
US: +1 631 913 1422 (Toll-free US: +1 855 85 70686)
PIN code: 57370869#
Please call in at least 15 minutes before the webcast starts.
The webcast will be available on-demand after the event and can be viewed at www.ericsson.com/investors.
FOR FURTHER INFORMATION, PLEASE CONTACT
Contact person
Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com
Additional contacts
Stella Medlicott, Senior Vice President, Marketing and Corporate Relations
Phone: +46 730 95 65 39
E-mail: media.relations@ericsson.com
Investors
Lena Häggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail: lena.haggblom@ericsson.com
Stefan Jelvin, Director, Investor Relations
Phone: +46 709 86 02 27
E-mail: stefan.jelvin@ericsson.com
Media
Kristoffer Edshage, Director Corporate Media
Phone: +46 722 20 44 46
E-mail: media.relations@ericsson.com
Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com
This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 AM CEST on April 14, 2022.
This information was brought to you by Cision http://news.cision.com
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SOURCE Ericsson | https://www.wistv.com/prnewswire/2022/04/14/ericsson-reports-first-quarter-results-2022/ | 2022-04-14T07:23:03 | 1 | https://www.wistv.com/prnewswire/2022/04/14/ericsson-reports-first-quarter-results-2022/ |
PHILADELPHIA (AP) — Max Scherzer finally could pitch with all his strength now that his right hamstring wasn’t bothering him anymore.
It took a bit for him to figure that out, but when he did, he looked back to his Cy Young self.
Scherzer settled in after working out of an early jam, Pete Alonso drove in five runs with a homer and two doubles and the New York Mets beat the Philadelphia Phillies 9-6 Wednesday. It took loading the bases in the first for Scherzer (2-0) to recalibrate how to pitch on his right leg again, then he struck out the next batter, induced a groundout and allowed one run and five hits with seven strikeouts in five innings.
“I just wasn’t completely executing every pitch where it needed to be,” Scherzer said. “Fortunately enough to be able to walk three in an inning to not have that spiral out of control and give up a bunch of runs in that situation. That really set a tone and allowed our offense to get going.”
Alonso and the rest of New York’s offense provided more than enough run support for the 37-year-old three-time Cy Young Award winner. Brandon Nimmo hit a solo home run off Aaron Nola in the third inning — the first Mets hit of the afternoon — before the middle of the order teed off in the fourth and fifth.
“We did an excellent job of pouring it on all day,” said Alonso, who was again the designated hitter instead of his preference to play first base. “We had excellent at-bats one through nine, and that’s what it takes to win these tough, divisional games.”
Alonso’s first RBI double helped knock Nola out of the game. The right-hander also lost command in the fourth, walking a batter and hitting two more to load the bases and get the hook from manager Joe Girardi. Nola (1-1) allowed three earned runs on three hits in 3 1/3 innings.
The Mets also knocked around the Phillies bullpen, which went five relievers deep after Nola’s short start and with an off day coming up. Alonso drilled a three-run homer run to right-center in the sixth to make it 8-1 and close Scherzer’s day after throwing 96 pitches.
“That was a big moment in the game that kind of put us ahead by a bunch, and thankfully that was enough,” Alonso said. “Philly has a great offense. They’re a great team. They started to come back there. But I feel like coming through like that for the team was huge.”
All nine batters who started the game for New York reached base at least once. Philadelphia got to the Mets bullpen in the later innings, with Nick Castellanos hitting an RBI double and reigning NL MVP Bryce Harper launching his first home run of the season to make it interesting before Edwin Diaz closed it out.
SEGURA INJURED
Phillies second baseman Jean Segura left in the sixth after getting hit by a pitch in his left forearm. He walked to first base and was attended to by a trainer before coming out of the game.
PHILIES ROSTER MOVES
After the game, the Phillies optioned right-hander Connor Brogdon and left-hander Damon Jones to Triple-A and activated right-hander James Norwood off the bereavement list.
METS LINEUP FLIP
Manager Buck Showalter flipped Francisco Lindor into the second spot in the lineup with Starling Marte batting third. Lindor doubled and scored in the fifth, while Marte had an RBI single in the sixth.
QUICK CAMEO
Closer Corey Knebel’s return from the COVID-related injured list meant the end of 28-year-old journeyman reliever Jeff Singer’s brief time with his hometown Phillies. The South Jersey native who was working with his father at a Northeast Philadelphia car dealership in 2016 when the team signed him got to sit in the bullpen Tuesday night and had dozens of friends and family in attendance for his first game in a major league uniform.
“He got to fulfill a lifetime dream, and I think that was a special day for him,” Girardi said. “It could be just the start of things to come.”
TRAINER’S ROOM
Mets: Showalter hopes right-handed reliever Trevor May can dodge the injured list with a minor triceps strain and expects the right-hander to benefit from the team’s day off Thursday.
Phillies: OF Odúbel Herrera (strained right oblique) began a rehab assignment at Single-A Clearwater on Tuesday. Girardi said Herrera got four at-bats in his first game with the Threshers as the designated hitter and was scheduled to play five innings in center field Wednesday.
UP NEXT
Mets: Chris Bassitt is set to start Friday afternoon against the Arizona Diamondbacks in the home opener at Citi Field.
Phillies: Kyle Gibson takes the mound Friday night for the opener of a three-game series at the Miami Marlins.
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://www.cbs42.com/sports/scherzer-cruises-alonso-drives-in-5-as-mets-beat-phillies/ | 2022-04-14T07:23:07 | 0 | https://www.cbs42.com/sports/scherzer-cruises-alonso-drives-in-5-as-mets-beat-phillies/ |
Next generation lifestyle platform joins the world's most stylish football club with branding on iconic kits and avant-garde collaborations
PARIS, April 14, 2022 /PRNewswire/ -- French sports giant Paris Saint-Germain and GOAT, the global platform for the past, present and future, today announce a major multiyear global partnership that will see GOAT become the new official sleeve partner of the club. In addition to GOAT's presence on the sleeve of the club's men's first team shirts, the partnership will see the two brands collaborating to promote GOAT's premium platform and its offerings to a new generation of football and fashion fans worldwide.
GOAT will join the club as an Official Partner until the end of the current season before becoming the sleeve partner and one of the club's Principal Partners beginning in July 2022. The GOAT brand will be displayed on all of the club's performance kits, including training, warm-up and match apparel.
With innovation at the forefront of both brands, the partnership will introduce first-of-its-kind initiatives, including unique content and collaborations. The partnership will also strengthen each brand's global footprints, reaching a wider audience in key markets.
"We are delighted to welcome GOAT into the Paris Saint-Germain family with this partnership that will see them join the exclusive roster of club partners present on our iconic jerseys," said Marc Armstrong, Chief Partnerships Officer of Paris Saint-Germain. "GOAT is a perfect fit for the club and further supports our position as a leading global sports and lifestyle icon for fans all over the world. Together we will develop exciting and creative experiences to connect with supporters everywhere."
"Paris Saint-Germain is one of the most influential clubs in the world and we're excited to partner with them as we continue to build our global community," said Eddy Lu, Co-Founder and CEO of GOAT Group. "We're not only bringing together two leading lifestyle brands, but uniting a community of athletes, creatives and fans around the world. This partnership plays to each other's strengths, with innovative collaborations in the months and years to come."
A dedicated PSG experience will launch on the GOAT platform, with a selection of Paris Saint-Germain lifestyle apparel and objects from the past, present and future.
GOAT is the global platform for the past, present and future. Since its founding in 2015, GOAT has become the leading and most trusted sneaker marketplace in the world, and has expanded to offer apparel and accessories from select emerging, contemporary and iconic brands. Through its unique positioning between the primary and resale markets, the company offers styles across various time periods on its digital platforms and in its retail locations, while delivering products to over 40 million members across 170 countries.
Paris Saint-Germain football club was created in 1970 and celebrated its 50th anniversary in 2020. Ever since QSI purchased the club in 2011, Paris Saint-Germain has undergone a transformation to become one of the world's top football clubs and global sports brands.
The Club has won 27 trophies in just ten years, for a total 43 in its history, making it the most successful football club in France. Paris Saint-Germain has attracted many great players including Ronaldinho, David Beckham, Zlatan Ibrahimovic, and currently Lionel Messi, Neymar Jr and Kylian Mbappé, some of the best players in the world.
The international popularity of the Club never stops growing. It is now one of the most followed clubs in the world, expanding from zero to a community of over 160 million social media followers in ten years.
This pioneering Club – which includes men's football, women's football, handball and judo squads – made the ground-breaking move to incorporate an Esports team in 2016. Giving back to the community is fundamental to the Club, which has drastically increased the capacity of its Foundation to develop wide-reaching and efficient programs to help underprivileged youngsters.
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SOURCE GOAT Group | https://www.wistv.com/prnewswire/2022/04/14/goat-become-paris-saint-germains-sleeve-partner/ | 2022-04-14T07:23:10 | 0 | https://www.wistv.com/prnewswire/2022/04/14/goat-become-paris-saint-germains-sleeve-partner/ |
MIAMI (AP) — Udonis Haslem started the Miami Heat postseason with an apology.
It wasn’t a real apology.
Haslem, like many other Heat players, is amused by the notion that the No. 1 seed in the Eastern Conference playoffs isn’t considered a favorite to win the Eastern Conference title. Miami doesn’t have an MVP candidate, didn’t have anyone qualify for the top 20 in the league’s scoring race, and according to FanDuel Sportsbook only has the third-best odds of winning the East behind Milwaukee and Boston.
“It might not be the sexiest,” Haslem, the longtime Heat captain and 19-year veteran, said of Miami’s 53-29 regular season mark. “We ain’t got nobody out here scoring 85 points in one game. Ain’t got none of that. But we are winning basketball games collectively as a unit and as a team. I’m sorry to everybody in the basketball world that that’s not sexy enough for you guys, but we’re thankful for the guys that we have and the opportunity that we have to be the No. 1 seed.”
Miami opens the playoffs at home on Sunday afternoon; the Heat will find out their opponent on Friday night. By then, the Heat expect to have center Bam Adebayo — out because of a stint in the league’s health and safety protocols — back and ready for Game 1. He was the only Heat player missing Wednesday when the team resumed practice after a two-day, players-only, bonding trip to the Bahamas.
“In terms of whether there’s motivation because people are counting us out or not giving us a due respect, each person can translate that on their own,” Heat coach Erik Spoelstra said. “I think the more powerful motivation is what we’re trying to play for and compete for, which is the hardest thing you attempt to do in a team sport, to compete for a title.”
It might seem surprising to some that a team that made headlines a few weeks ago for an in-game argument — All-Star forward Jimmy Butler exchanging words with Spoelstra during a time out, then Haslem getting involved in a rather demonstrative way — went on vacation together. Whatever caused that argument was forgotten by the next day anyway, since some players arrived for work the following morning and found Butler and Haslem already in the locker room and carrying on with their usual brand of conversation and nonsense.
The Heat insist they’re united. They bicker, and that argument wasn’t the worst dustup the team has experienced this season, but Haslem said that’s all part this team’s DNA.
“Typical day in Miami, man,” Haslem said of the time-out mess last month. “That’s how we get stuff done around here. We believe in eye-to-eye communication. … You say what you’ve got to say, I’ll say what I’ve got to say, I love you, you love me, let’s get back on the basketball court, let’s play.”
That dustup came during a four-game Miami losing streak. When that slide ended, the Heat won six straight to lock up the No. 1 seed in the East before losing a meaningless regular-season finale in Orlando. Most Heat regulars didn’t play in that game, and the Bahamas trip then got underway.
Being the No. 1 seed guarantees nothing; no top seed has won the East title since Cleveland in 2016, and a top seed has only made one East final in the last four years — that being Milwaukee, when it lost to Toronto in 2019.
But the Heat, just as they were in the bubble two years ago when they went to the NBA Finals as the East’s No. 5 seed, insist that they believe they have enough to contend for a title.
“I feel good. I do,” Butler said. “I don’t put a ceiling or basement on anything, man, because we can’t control everything. I just know that if we focus in on us, and what we can control, and what we’re capable of, we’re going to be OK.”
___
More AP NBA: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports | https://www.cbs42.com/sports/sorry-not-sorry-heat-arent-fazed-by-the-lack-of-believers/ | 2022-04-14T07:23:14 | 1 | https://www.cbs42.com/sports/sorry-not-sorry-heat-arent-fazed-by-the-lack-of-believers/ |
Lucerne intends to vote AGAINST the reelection of Brent Wissink to Management Board, AGAINST the reelection of entire six member supervisory board, AGAINST granting board authority to issue shares and AGAINST the approval of remuneration report
GREENWICH, Conn. and AMSTERDAM, April 14, 2022 /PRNewswire/ -- Lucerne Capital Management, L.P. (Lucerne), a long-term shareholder of Just Eat Takeaway.com (the "Company"), disclosed how it intends to vote at the Company's Annual General Meeting (AGM), which will be held on May 4, 2022.
"Our votes today are intended to send a clear message to the board expressing our disappointment in Just Eat Takeaway.com's financial performance," said Pieter Taselaar, Founding Partner and Portfolio Manager of Lucerne. "There is a clear need for significant change to propel the company to reach its full potential."
Lucerne's full intentions on how it will vote at the AGM are as follows:
Proposal 1 - Open Meeting
- Vote: None
Proposal 2a - Receive Report of Management Board (Non-Voting)
- Vote: None
Proposal 2b - Approve Remuneration Report
- Lucerne intends to vote against.
- Rationale: Lucerne believes a vote "against" is appropriate, as the 2021 remuneration itself is not in line with the overall performance of the Management Board and the Supervisory Board.
Proposal 2c - Adopt Financial Statements and Statutory Reports
- Lucerne intends to vote for.
- Rationale: a vote "for" given the current absence of a reason to doubt the Company's audit procedures or its auditors.
Proposal 3 - Amend Remuneration Policy for Management Board
- Lucerne intends to abstain from voting.
Proposal 4a - Approve Discharge of Management Board
- Lucerne intends to vote against.
- Rationale: Lucerne inter alia believes that Management Board's communication with shareholders on various important issues has been poor.
Proposal 4b - Approve Discharge of Supervisory Board
- Lucerne intends to vote against.
- Rationale: Lucerne believes that the Supervisory Board is inter alia co-responsible for poor communication by the Management Board.
Proposal 5a - Reelect Jitse Groen to Management Board
- Lucerne intends to abstain from voting.
Proposal 5b - Reelect Brent Wissink to Management Board
- Lucerne intends to vote against.
- Rationale: Lucerne believes that Mr. Wissink is co-responsible for inter alia poor communication with shareholders.
Proposal 5c - Reelect Jorg Gerbig to Management Board
- Lucerne intents to vote for.
Proposal 6a up to and including 6f- Reelection of the members of the Supervisory Board
- Lucerne intends to vote against.
- Rationale: Lucerne believes that is in the Company's best interest that the current Supervisory Board should be replaced, due to said communication issues.
Proposal 7 - Grant Board Authority to Issue Shares
- Lucerne intends to vote against.
- Rationale: current share price is not attractive.
Proposal 8 - Authorize Board to Exclude Preemptive Rights from Share Issuances
- Lucerne intends to vote against.
- Rationale: potential dilution in relation to the current none-attractive share price.
Proposal 9 - Authorize Repurchase of Up to 10 Percent of Issued Share Capital
- Lucerne intends to vote for.
Proposal 10 - Other Business (Non-Voting)
- Vote: None
Proposal 11 - Close Meeting
- Vote: None
Lucerne Capital Management, founded in 2000 and co-managed by Pieter Taselaar and Thijs Hovers, is an investment firm specializing in bottom-up stock selection with a focus on European markets.
Media Contacts
Steve Bruce/Taylor Ingraham
ASC Advisors
+1 203 992 1230
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ATLANTA (AP) — For one night, at least, the Atlanta Hawks looked like the team that made a stunning run to the Eastern Conference final last summer.
Trae Young bounced back from a sluggish start to score 24 points and De’Andre Hunter led a third-quarter surge Wednesday that carried the Hawks to a 132-103 rout of the Charlotte Hornets in a play-in game.
“We’re definitely confident right now,” Hunter said. “But we’ve got a lot more work to do. We’re not satisfied yet.”
The Hawks were a bit of a disappointment during the regular season, finishing ninth in the East after their surprising playoff success in 2021.
They’ve still got to win one more play-in game just to make the playoffs, heading to Cleveland to face the Cavaliers on Friday night. The winner claims the No. 8 seed in the East and will face the top-seeded Miami Heat in the opening round of the playoffs.
The season is over for the Hornets, who were overwhelmed in the 9-10 play-in game for the second year in a row and haven’t made the playoffs since 2016.
Still, coach James Borrego called it another step forward for a rebuilding team.
“A lot of good things have happened for this franchise based on where we’re at today compared to where we were two or three years ago,” he said.
Miles Bridges was ejected in the fourth quarter and could be facing additional punishment from the league office after he appeared to strike a young fan with his mouthpiece.
All five Atlanta starters scored in double figures, as did Bogdan Bogdanovic off the bench. It was Hunter who came up big in the decisive third period, bursting out with 16 points after being held to 3 in the first half.
“I think I’m a big part of this team,” Hunter said. ”Me being aggressive, scoring and defending, helps this team a lot.”
Hunter finished with 22 points, while Danilo Gallinari added 18 and Clint Capela 15. Kevin Huerter and Bogdanovic chipped in with 13 apiece.
The Hornets closed the regular season strong and felt like they had a good chance to win a couple of play-in games on the road. But those hopes came crashing down against their I-85 rival.
LaMelo Ball led Charlotte with 26 points on 7-of-25 shooting.
The Hawks led by 13 in the first half before settling for a 60-52 advantage at the break. Charlotte had a bit of momentum in the closing minutes of the half, but it sure didn’t carry over to the third.
The Hawks outscored the Hornets 42-24 during that 12-minute barrage, hitting 16 of 24 shots, and led 102-76 heading to the final period.
With the Hornets doubling at every opportunity, Young made only 1 of 9 shots in the opening quarter and 3 of 13 in the first half.
But his teammates found plenty of open looks and made the Hornets pay dearly.
“It’s great for my team,'” said Young, who had 11 assists. “If you can make two guys guard you, it only opens up the floor for everybody else. I have to embrace it.”
Charlotte should’ve known what kind of night it would be on their way to State Farm Arena.
The Hornets’ chartered bus was blocked by a freight train that stopped on a crossing near the downtown sports complex. The bus had to turn around and take a different route to the arena, delaying Charlotte’s arrival for pregame warmups.
It didn’t get much better once the game tipped off.
BRIDGES EJECTION
The Hornets’ frustration boiled over with about 6 1/2 minutes to go when Bridges complained so vehemently about a goaltending call that he picked up two quick technicals and was ejected.
Then, with a Hawks fan yapping at him on the way to the locker room, the Hornets player wildly threw his mouthpiece and appeared to strike a female who was simply watching the scene.
Bridges went on Twitter shortly after the game looking to make amends.
“Somebody get me in contact with the young lady,” he said. “That’s unacceptable.”
Bridges said he’ll accept whatever punishment he gets from the league.
“I was upset about a call, a couple of calls really,” he said. “I let my temper get the best of me. It was definitely the wrong thing to do.”
TOURNAMENT FEEL
The Hawks were in a play-in game for the first time, but Hunter knows something about the one-and-done feel of the format.
During his college career at Virginia, he helped lead the Cavaliers to the national championship in 2019.
“It’s like the NCAA Tournament,” Hunter said. “I’m not sure how feel about it. We won, so I guess I like it. But I’m not sure. It’s tough.”
TIP INS
Hornets: Terry Rozier had 21 points. …. As a team, Charlotte shot 37.8% (37 of 90) from the field.
Hawks: F John Collins (sprained foot, sprained finger) has stepped up workouts but still wasn’t able to play. His hasn’t been in a game since March 11. … G Lou Williams also was inactive with lower back discomfort. … Capela had 17 rebounds, leading the Hawks to a 54-41 edge on the boards.
UP NEXT
The Hawks went 3-1 against the Cavaliers during the regular season, splitting the two games in Cleveland.
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DENVER, April 13, 2022 /PRNewswire/ -- Magellan, a leader in providing turnkey services for building fiber and broadband networks, has submitted another round of broadband grant applications for its clients across state and federal programs in the first quarter of 2022. Covering over 150,000 premises across six states, these grants will bring fiber-to-the-home (FTTH) services to underserved communities across the U.S.
Magellan's Grants Division spent six months positioning rural and urban organizations to take advantage of these programs, allowing them to accelerate their deployment of FTTH services. Magellan is their turnkey partner to secure funding, design networks, manage construction and ensure compliance with grant programs.
"Today's funding landscape is stronger than ever. Cooperatives, tribes, municipalities, and telcos have unique opportunities to secure federal and state funds through programs that were not previously available to them," says Magellan CEO John Honker. "These programs support not only rural communities, but also urban centers that traditionally have not qualified for grants.
"Our Grants Division works across all funding programs with staff that have their fingers on the pulse of federal funding agencies and their state counterparts. We manage these complex programs for our clients, allowing them to capture state and federal dollars but without all the challenges that come with grant funding."
To date, Magellan has secured and managed over $300 million in broadband funding for public organizations across the U.S. and Canada.
About Magellan
Magellan provides planning, engineering, grant development, implementation, and management of the fastest, most technologically advanced fiber and broadband networks. Our mission is to connect every community, one at a time, to the digital economy so that no one is left behind. Our goal is to deliver practical broadband solutions that our clients can implement in their communities. Through Magellan's services, more than $1 billion in new broadband investments has connected more than 1,000 schools, hospitals, libraries and governments and passed nearly 1 million homes with fiber-optic broadband. Learn more at www.magellan-advisors.com.
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NEW YORK, April 13, 2022 /PRNewswire/ -- Moore Kuehn, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against:
- AbbVie Inc. (NYSE: ABBV)
The company, its officers, or directors misrepresented and/or failed to disclose that: (1) safety concerns about Xeljanz extended to Rinvoq and other JAK inhibitors; (2) as a result, it was likely that the FDA would require additional safety warnings for Rinvoq and would delay the approval of additional treatment indications for Rinvoq; and (3) therefore, Defendants' statements about the company's business, operations, and prospects lacked a reasonable basis. As a result of the alleged wrongful acts and omissions, AbbVie's securities have experienced a significant decline in market value and AbbVie investors have suffered significant damages.
- International Business Machines Corporation (NYSE: IBM)
Please contact only if you acquired shares before April 4, 2017.
After the close of the market on October 16, 2018, IBM revealed a shortfall in revenue and disappointing 3Q2018 growth associated with the Company's Strategic Imperatives and CAMSS lines of business, particularly its Cloud business line.
On October 20, 2021, after the close of the market, the Company issued a press release announcing its 3Q2021 results. The Company announced total revenues for the quarter of $17.62 billion, a shortfall of $191.84 million based on analyst estimates. The main culprit was the Cloud & Cognitive Software segment, which had revenues of $5.69 billion, a shortfall of approximately $80 million based on analyst estimates of $5.77 billion. Over 42% of the $191 million shortfall was attributable to the Company's Cloud & Cognitive Software segment – where most of the strategic revenue produced by the fraudulent scheme and wrongful reclassification of revenues from non-strategic to strategic historically went.
Shareholders of ABBV or IBM should contact Fletcher Moore, Esq. by email at fmoore@moorekuehn.com or telephone at (212) 709-8245.
Moore Kuehn is a New York-based law firm with attorneys representing investors, stockholders, unitholders, and consumers. Attorney advertising. Prior results do not guarantee similar outcomes.
Moore Kuehn, PLLC
Fletcher Moore, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
fmoore@moorekuehn.com
(212) 709-8245
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Photography News: Nikon has released full details of firmware 2.0 for the Z9, unlocking an impressive array of video specs
NEW YORK, April 14, 2022 /PRNewswire/ -- B&H is pleased to announce firmware version 2.0 for the Nikon Z9 Mirrorless Camera. This is an enormous update with the headline feature being the addition of internal raw video formats at up to 8K.
Cinema Upgrades
This update has a heavy focus on video improvements:
- N-RAW recording at up to 8.3K 60p or 4.1K 120p (full-frame)
- ProRes RAW recording up to 4.1K 60p
- UHD 4K 60p recordings will oversample from the 8K image area for improved image quali
- Waveform monitor function for real-time exposure analysis
- Red "Rec" frame indicator
- Dedicated video info display shows dedicated settings, such as frame size, codec, and more.
- Top control panel shows some video-specific info.
- Fine ISO Control for adjusting exposure in 1/6 EV steps
- Fast AF-ON is assignable to custom buttons; two different AF speeds can be set to different controls.
- Slow shutter speed video of slower than 1/frame rate for working in extreme darkness or to intentionally introduce blur
Photo Upgrades
While not as many upgrades came to the photo side of the Z9 there are some impressive new additions:
- Pre-release Capture function will pre-record up to 1 second of burst images before your press the shutter.
- Select between 20 types of Custom Wide-Area AF patterns.
- General AF performance has been improved.
- During image review users can skip to the first shot in each burst.
- Motion Blend function will merge a series of images to create a composite all in camera.
- Long Exposure display shows a live count of exposure time and the viewfinder now can be dimmed even further.
General Upgrades
Beyond the improvements to the video and photo pipelines, Nikon has taken care to improve general functionality of the Z9.
- Real Live Viewfinder can be set to a 120 fps refresh rate.
- Auto Exposure has improved consistency with human faces.
- Prioritize Viewfinder mode mimics the DSLR shooting experience.
- AWD improvements with rapid scene changes.
- Focus Point Select Speed custom setting for tuning speed points can move through frame.
- Shutter release indicators appear more clearly on displays.
- Enhanced memory set/recall function includes instant recall of several focus positions.
- Recalling shooting functions (hold) is added to conventional recalling shooting function so there is no need to hold the button.
- Option to switch focus/control ring roles
This firmware update is providing almost as many new features as a true Mark II release would've brought. If you already have a Z9, please be sure to visit Nikon's Support Page for additional details when the update becomes available.
Please note that supply of the Nikon Z9 is highly constrained, and any orders will be filled on a first-come-first-served basis.
Learn more with B&H Explora
https://www.bhphotovideo.com/explora/videos/video/nikon-z9-firmware-v20-unleashes-the-cameras-full-cinema-potential
Nikon Z9 Firmware V2.0 Unleashes the Camera's Full Cinema Potential
https://youtu.be/OIGixb4sl8E
About B&H Photo Video
As the world's largest source of photography, video, and audio equipment, as well as computers, drones, and home and portable entertainment, B&H is known worldwide for its attentive, knowledgeable sales force and excellent customer service, including fast, reliable shipping. B&H has been satisfying customers worldwide for over 45 years.
Visitors to the website can access a variety of educational videos and enlightening articles. The B&H YouTube Channel has an unmatched wealth of educational content. Our entertaining and informative videos feature product overviews from our in-house specialists. You can view the B&H Event Space presentations from many of the world's foremost experts and interviews with some of technology's most dynamic personalities. Tap into this exciting resource by subscribing to the B&H YouTube Channel here. In addition to videos, the B&H Explora blog presents new product announcements, gear reviews, helpful guides, and tech news written by product experts and industry professionals, as well as our award-winning podcasts.
Contact Information
Henry Posner
B&H Photo Video
212-615-8820
https://www.bhphotovideo.com/
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Acquisition will support expansion and growth in North America
DENVER, DALLAS, and LONDON, April 14, 2022 /PRNewswire/ -- OTA Insight, the global leader in cloud-based hospitality commercial intelligence, today announced that it has completed the acquisition of Dallas-based Kriya RevGEN, a leading hotel revenue intelligence platform that integrates and normalizes disparate data sources across hotel systems to provide a consistent view of hotel performance. This announcement follows last month's acquisition of short-term rental data provider Transparent and marks a significant step forward in OTA Insight's efforts to help hoteliers drive better commercial decisions.
Kriya RevGEN's platform, Spider Analytics, simplifies and streamlines data collection, analysis, and reporting to optimize performance across groups of hotels. Kriya RevGEN brings together multiple portfolio views and seamlessly integrates data from a variety of hotel systems, to save hotel executives and management teams valuable time, boosting productivity and surfacing key revenue opportunities. Since its formation in 2013, Kriya RevGEN has grown to provide revenue solutions to over 1,000 hotels across US and Canada and supports nearly all global brands, systems, and leading management companies.
"RevGEN has experienced rapid, organic growth over the past few years, especially within management groups and chains," said Bill Daviau, co-founder, and CEO of Kriya RevGEN. "OTA Insight's vision, global reach, and culture make it the perfect fit for our team. We are excited about this next stage of our growth."
Together, OTA Insight and Kriya RevGEN will integrate to form the only business intelligence solution available on the market that can deliver tailored insights for both hotel-level users and multi-property users. "We feel really privileged to be bringing together the very best teams, solutions, and data to deliver the next generation commercial platform for the hospitality industry," said Sean Fitzpatrick, CEO at OTA Insight. "We are so impressed how Kriya RevGEN simplifies the management of complex commercial strategies across hotel portfolios. Bill and the Kriya RevGEN team's commitment to delivering transformative applications, the highest quality data, and great customer service make Kriya RevGen and OTA Insight the perfect match."
"As a long-time customer of both OTA Insight and Kriya RevGen, I am thrilled to see them combine together to level-up the distribution and data analytics game," said Gaurav Sharma, EVP, Revenue Distribution at EOS Hospitality. "Kriya's secret sauce is simplicity — their ability to deploy complex metrics in a fashion that complements multi-tier commercial needs."
To learn more about Kriya RevGen visit: https://otai.co/3DGr7Zu
About Kriya RevGen - Kriya RevGEN powers the hotel revenue management business intelligence and streamlines reservation-level data across all major branded and most independent systems. Founded in 2013, RevGEN has organically grown to partner with more than 1,000 hotels and some of the most iconic brands and hotel management companies in the US. The company also provides a boutique revenue management service and task force to complement its flagship product, Spider Analytics, further solidifying the company as a leader in the hotel revenue management space. Kriya RevGEN is headquartered outside of Dallas, TX and is a 2021 certified Great Place to Work.
About OTA Insight - OTA Insight empowers hoteliers to deliver smarter revenue, distribution, and marketing outcomes through its market-leading commercial platform. With live updates, 24/7 support, and highly intuitive and customizable dashboards, OTA Insight integrates with industry tools including hotel property management systems, leading RMS solutions, and data benchmarking providers. OTA Insight's team of international experts supports more than 55,000 properties in 185 countries. Winner of the Best Rate Shopping & Market Intelligence Solution, Parity Management Software, and Business Intelligence categories in the 2021 and 2022 HotelTechAwards, OTA Insight is widely recognised as a leader in hospitality business intelligence.
Media Contact: Adam Swart, (917) 359-8969, adam@otainsight.com
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SOURCE OTA Insight | https://www.wistv.com/prnewswire/2022/04/14/ota-insight-acquires-kriya-revgen-adding-market-leading-hotel-portfolio-amp-chain-revenue-intelligence-solution-commercial-platform/ | 2022-04-14T07:23:48 | 0 | https://www.wistv.com/prnewswire/2022/04/14/ota-insight-acquires-kriya-revgen-adding-market-leading-hotel-portfolio-amp-chain-revenue-intelligence-solution-commercial-platform/ |
Average Property Tax Also Up 2 percent, to $3,785, as Effective Rate Declines Slightly; Highest Effective Tax Rates in Illinois, New Jersey, Connecticut, Vermont, Pennsylvania
IRVINE, Calif., April 14, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, today released its 2021 property tax analysis for almost 87 million U.S. single family homes, which shows that $328 billion in property taxes were levied on single-family homes in 2021, up just 1.6 percent from $323 billion in 2020. That was well down from the 5.4 percent increase seen from 2019 to 2020 and marked the second smallest rise over the past five years.
Meanwhile, the average tax on single-family homes in the U.S. in 2021 increased at the smallest pace in the five years, rising 1.8 percent from $3,719 in 2020 to $3,785 last year. The latest figures resulted in an effective tax rate of 0.9 percent, down from 1.1 percent in 2020.
The report analyzed property tax data collected from county tax assessor offices nationwide at the state, metro and county levels, along with estimated market values of single-family homes calculated using an automated valuation model (AVM). The effective tax rate was the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area.
"It's hardly a surprise that property taxes increased in 2021, a year when home prices across the country rose by 16%," said Rick Sharga, executive vice president of market intelligence at ATTOM. "In fact, the real surprise is that the tax increases weren't higher, which suggests that tax assessments are lagging behind rising property values, and will likely continue to go up in 2022."
In 2021, effective rates declined even as total taxes rose because home values went up far faster than taxes around the country. Median values spiked by more than 10 percent in most of the U.S., as a glut of home buyers kept chasing a tight supply of homes, pushing the nation's decade-long market boom onward. The buyer surge continued as home-mortgage rates hovered around 3 percent and many households continued to trade congested areas more susceptible to the two-year-old Coronavirus pandemic, for the relative safety and larger spaces offered by houses and condominiums.
Property taxes increase faster than national average in 74 percent of markets
Despite the national increase in the average property tax of just 1.8 percent from 2020 to 2021, larger gains were seen in 163, or 74 percent, of the 220 metropolitan statistical areas analyzed in the report. That happened as taxes rose far less than the national figure across major metros with populations of at least 1 million last year. Those areas had about three-quarters of the population of all metros in the report, which helped keep the national increase low.
Among metro areas with a population of at least 1 million that had the largest increases in average property taxes last year, were Nashville, TN (up 27 percent); Milwaukee, WI (up 18.6 percent); Baltimore, MD (up 12.3 percent); Grand Rapids, MI (up 12.3 percent) and Louisville, KY (up 11 percent).
Major markets with the largest decreases in average property taxes included Pittsburgh, PA (down 35.1 percent); New Orleans, LA (down 20.2 percent); Houston, TX (down 18.7 percent); Dallas, TX (down 12.2 percent) and Austin, TX (down 7.7 percent).
Highest effective property tax rates in Illinois, New Jersey and Connecticut
States with the highest effective property tax rates in 2021 were Illinois (1.86 percent), New Jersey (1.73 percent), Connecticut (1.67 percent), Vermont (1.55 percent) and Pennsylvania (1.37 percent).
Other states in the top 10 for highest effective property tax rates were Nebraska (1.36 percent), New Hampshire (1.35 percent), New York (1.35 percent), Texas (1.31 percent) and Iowa (1.31 percent).
Hawaii, Alabama, Utah, Arizona and Nevada post lowest effective rates
The lowest effective tax rates in 2021 were in Hawaii (0.27 percent), Alabama (0.37 percent), Utah (0.39 percent), Arizona (0.41 percent) and Nevada (0.41 percent).
Other states in the top 10 for lowest effective property tax rates last year were Idaho (0.43 percent), Colorado (0.43 percent), Tennessee (0.45 percent), West Virginia (0.5 percent) and South Carolina (0.5 percent).
Average tax up to 10 times higher in most expensive versus least expensive states
New Jersey's average single-family-home tax of $9,476 in 2021 again led the nation. That amount was roughly 10 times more than the average of $901 in West Virginia, which had the nation's smallest average levy. Others states in the top five last year were Connecticut ($7,464), Massachusetts ($6,777), New Hampshire ($6,698) and New York ($6,617).
Others in the bottom five were Alabama ($905), Arkansas ($1,195), Mississippi ($1,243) and Louisiana ($1,248).
Northeastern and midwestern metro areas have highest effective tax rates
Among 220 metropolitan statistical areas around the country with a population of at least 200,000 in 2021, 19 of the 20 highest effective tax rates were in the Northeast and Midwest. Nine of the top 10 were New York, Connecticut and Illinois.
Metro areas with the highest effective property tax rates in 2021 were Rochester, NY (2.22 percent); Rockford, IL (2.16 percent); Syracuse, NY (2.16 percent); Binghamton, NY (2.1 percent) and Trenton, NJ (2.07 percent).
Aside from Rochester, the highest rates among metro areas with a population of at least 1 million in 2021 were in Hartford, CT (1.98 percent); Chicago, IL (1.84 percent); Philadelphia, PA (1.6 percent) and Cleveland, OH (1.56 percent).
The lowest effective rates in 2021 were in Honolulu, HI (0.25 percent); Daphne-Fairhope, AL (0.27 percent); Montgomery, AL (0.31 percent); Tuscaloosa, AL (0.35 percent) and Prescott, AZ (0.35 percent).
The lowest rates among metro areas with a population of at least 1 million in 2021 were in Phoenix, AZ (0.38 percent); Nashville TN (0.41 percent); Las Vegas, NV (0.41 percent); Salt Lake City, UT (0.42 percent) and Denver, CO (0.48 percent).
Average annual property taxes top $10,000 in 16 counties
Among 1,481 U.S. counties with at least 10,000 single-family homes in 2021, 16 had an average single-family-home tax of more than $10,000, including 12 in the New York City metro area. The top five were Kings County (Brooklyn), NY ($13,734); Marin County, CA (outside San Francisco) ($13,719); Westchester County, NY ($13,674); Essex County, NJ ($13,116) and Nassau County, NY ($13,095).
"Prospective homeowners often fail to include property taxes when considering the cost of homeownership," Sharga added. "But, especially in some of the higher-priced markets across the country, property taxes can add thousands of dollars to annual ownership costs, and possibly be the difference between someone being able to afford a home or not. It's critically important for consumers to factor in taxes, insurance and maintenance when determining whether they're ready for the financial responsibility of home ownership."
About ATTOM
ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 20TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, property reports and more. Also, introducing our newest innovative solution, that offers immediate access and streamlines data management – ATTOM Cloud.
Media Contact:
Christine Stricker
949.748.8428
christine.stricker@attomdata.com
Data and Report Licensing:
datareports@attomdata.com
949.502.8313
datareports@attomdata.com
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SOURCE ATTOM | https://www.wistv.com/prnewswire/2022/04/14/property-taxes-single-family-homes-rise-across-us-2021-328-billion/ | 2022-04-14T07:23:54 | 0 | https://www.wistv.com/prnewswire/2022/04/14/property-taxes-single-family-homes-rise-across-us-2021-328-billion/ |
BERLIN, April 14, 2022 /PRNewswire/ -- Reputation DAO, a verifiable, decentralized and programmable reputation service for DeFi, has today announced it has raised US$4.75 million (EUR€4.365 million) in seed funding investment from DACM, AirTree Ventures, Koji Capital and Framework Ventures. Sergey Nazarov, co-founder of Chainlink, has also joined Reputation DAO as an advisor.
DeFi markets continue to grow rapidly, with the total value locked rising to $200 billion at the beginning of 2022. However, the absence of reputation and identity services in DeFi, combined with lending platforms requiring >100% collateralization, means that the potential capital that can flow into DeFi is limited.
Reputation DAO is building the fundamental infrastructure, powered by Chainlink, for a comprehensive credit system to emerge in DeFi – the equivalent of a credit scoring system in traditional finance – to unlock under collateralized lending to a wider set of use cases and take DeFi mainstream.
Reputation DAO is the latest project launched out of Mycelium, an Australian-rooted global network building next-generation transaction technology, including Tracer DAO. Founders Pat McNab and Ash Morgan started building Reputation DAO in late 2019 to open up the black box of existing credit and reputation systems in DeFi, to create a transparently governed system enabling secure, confident interactions within the DeFi economy.
"Whilst DeFi is forming an alternate rail for finance to evolve, there's an abundance of financial data relating to risk, credit and identity that could be leveraged to unlock new applications within DeFi - such as unsecured lending," says Pat McNab, Co-Founder of Reputation DAO.
"Interoperability between DeFi and traditional finance is integral to onboard trillions of dollars in capital and billions of users. Reputation DAO provides the conduit for this data to flow into smart contracts, providing greater security, rates and guarantees."
The funding will drive the development of the reputation infrastructure and scoring product. By scaling their analytics engine, Reputation DAO can map off-chain data such as AML/KYC, traditional credit scores and social media data to enhance the assessment of account-specific risk metrics that are delivered into smart contracts to facilitate hundreds of billions in loans.
Richard Galvin, co-founder & CEO, DACM, "Credit scoring is a critical function of both bank and external providers in the traditional finance system. This clarity, for both borrowers and lenders has not been a function of DeFi to date. With the maturing of the ecosystem and the rise of DAOs that will need independent, and reliable information, we think Reputation DAO is fundamental infrastructure for the sectors next growth phase."
Sergey Nazarov, co-founder, Chainlink, "DeFi is already redefining the global financial industry, but one of the missing links hindering its growth is the lack of a comprehensive credit system. By enabling the secure transfer of real-world data to blockchains, Chainlink is helping Reputation DAO unlock the reputation infrastructure necessary to accelerate global DeFi adoption."
Reputation DAO (f.k.a. Chainlink Oracle Reputation) is building verifiable, decentralized and programmable reputation services for DeFi. Reputation is building a bridge between DeFi and traditional finance, enabling individuals to leverage their real-world financial data and identity when interacting with smart contracts. With a powerful data streaming engine, Reputation DAO analyses account, oracle and DAO specific data on-chain. Reputation is the key to unlocking DeFi and bringing numerous new decentralized applications to life.
DACM are a leading digital asset fund manager with global operations. Co-founded by Richard Galvin and Gabriel Abed in 2017, DACM manage around $500m in venture capital, long only and market neutral strategies for clients from around the world. DACM have generated world leading returns for their clients utilizing a combination of deep technology and infrastructure research, coupled with proprietary commercial research and valuation techniques. The DACM Digital Asset Fund was the number 1 performing long only crypto fund globally in 2020 and 2021.
KEY LINKS
Find out more about Reputation DAO
Reputation's Twitter
Reputation's Discord
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- 80% of respondents in this year's survey pointed to a non-technical executive as the primary advocates for AI ethics, compared to 15% in 2018
- 79% of CEOs surveyed are prepared to implement AI ethics practices but less than a quarter of organizations have acted on it
- 68% of organizations acknowledge diversity is important to mitigating bias in AI, but respondents indicated their AI teams are: 5.5 times less inclusive of women, 4 times less inclusive of LGBT+ individuals and 1.7 times less racially inclusive
ARMONK, N.Y., April 14, 2022 /PRNewswire/ -- A new IBM (NYSE: IBM) Institute for Business Value (IBV) study revealed a radical shift in the roles responsible for leading and upholding AI ethics at an organization. When asked which function is primarily accountable for AI ethics, 80% of respondents pointed to a non-technical executive, such as a CEO, as the primary "champion" for AI ethics, a sharp uptick from 15% in 2018.
Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/9002052-ibm-study-ai-ethics-action-enterprise-guide-progressing-trustworthy/
The global study* also indicates that despite a strong imperative for advancing trustworthy AI, including better performance compared to peers in sustainability, social responsibility, and diversity and inclusion, there remains a gap between leaders' intention and meaningful actions. The study found:
Business executives are now seen as the driving force in AI ethics
- CEOs (28%) – but also Board members (10%), General Counsels (10%), Privacy Officers (8%), and Risk & Compliance Officers (6%) are viewed as being most accountable for AI ethics by those surveyed.
- While 66% of respondents cite the CEO or other C-level executive as having a strong influence on their organization's ethics strategy, more than half cite board directives (58%) and the shareholder community (53%).
Building trustworthy AI is perceived as a strategic differentiator and organizations are beginning to implement AI ethics mechanisms.
- More than three-quarters of business leaders surveyed this year agree AI ethics is important to their organizations, up from about 50% in 2018.
- At the same time, 75% of respondents believe ethics is a source of competitive differentiation, and more than 67% of respondents that view AI and AI ethics as important indicate their organizations outperform their peers in sustainability, social responsibility, and diversity and inclusion.
- Many companies have started making strides. In fact, more than half of respondents say their organizations have taken steps to embed AI ethics into their existing approach to business ethics.
- More than 45% of respondents say their organizations have created AI-specific ethics mechanisms, such as an AI project risk assessment framework and auditing/review process.
Ensuring ethical principles are embedded in AI solutions is an urgent need for organizations, but progress is still too slow
- More surveyed CEOs (79%) are now prepared to embed AI ethics into their AI practices – up from 20% in 2018 -- and more than half of responding organizations have publicly endorsed common principles of AI ethics.
- Yet, less than a quarter of responding organizations have operationalized AI ethics, and fewer than 20% of respondents strongly agreed that their organization's practices and actions match (or exceed) their stated principles and values.
- 68% of surveyed organizations acknowledge that having a diverse and inclusive workplace is important to mitigating bias in AI, but findings indicate that AI teams are still substantially less diverse than their organizations' workforces: 5.5 times less inclusive of women, 4 times less inclusive of LGBT+ individuals and 1.7 times less racially inclusive.
"As many companies today use AI algorithms across their business, they potentially face increasing internal and external demands to design these algorithms to be fair, secured and trustworthy; yet, there has been little progress across the industry in embedding AI ethics into their practices," said Jesus Mantas, Global Managing Partner, IBM Consulting. "Our IBV study findings demonstrate that building trustworthy AI is a business imperative and a societal expectation, not just a compliance issue. As such, companies can implement a governance model and embed ethical principles across the full AI life cycle."
The time for companies to act is now. The study data suggests that those organizations who implement a broad AI ethics strategy interwoven throughout business units may have a competitive advantage moving forward. The study provides recommended actions for business leaders including:
- Take a cross-functional, collaborative approach - ethical AI requires a holistic approach, and a holistic set of skills across all stakeholders involved in the AI ethics process. C-Suite executives, designers, behavioral scientists, data scientists, and AI engineers each have a distinct role to play in the trustworthy AI journey.
- Establish both organizational and AI lifecycle governance to operationalize the discipline of AI ethics - take a holistic approach to incentivizing, managing and governing AI solutions across the full AI lifecycle, from establishing the right culture to nurture AI responsibly, to practices and policies to products.
- Reach beyond your organization for partnership – expand your approach by identifying and engaging key AI-focused technology partners, academics, startups, and other ecosystem partners to establish "ethical interoperability."
*Methodology
The IBV study, "AI ethics in action: An enterprise guide to progressing trustworthy AI," surveyed 1,200 executives in 22 countries across 22 industries to understand where executives stand on the importance of AI ethics and how organizations are operationalizing it. The study was conducted in cooperation with Oxford Economics in 2021. The full study is available at https://www.ibm.com/thought-leadership/institute-business-value/report/ai-ethics-in-action.
About IBM Institute for Business Value
For two decades, the IBM Institute for Business Value has served as the thought leadership think tank for IBM. What inspires us is producing research-backed, technology-informed strategic insights that help leaders make smarter business decisions.
From our unique position at the intersection of business, technology, and society, we survey, interview, and engage with thousands of executives, consumers, and experts each year, synthesizing their perspectives into credible, inspiring, and actionable insights.
To stay connected and informed, sign up to receive IBV's email newsletter at ibm.com/ibv. You can also follow @IBMIBV on Twitter or find us on LinkedIn at https://ibm.co/ibv-linkedin
Media Contact:
Marisa Conway
IBM External Relations
conwaym@us.ibm.com
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SOURCE IBM | https://www.wistv.com/prnewswire/2022/04/14/responsibility-ai-ethics-shifts-tech-silo-broader-executive-champions-says-ibm-study/ | 2022-04-14T07:24:09 | 0 | https://www.wistv.com/prnewswire/2022/04/14/responsibility-ai-ethics-shifts-tech-silo-broader-executive-champions-says-ibm-study/ |
Semafone unveils a new name, new visual identity, and refreshed positioning to support its strategic mission and accelerated growth plans
BOSTON and GUILDFORD, England, April 14, 2022 /PRNewswire/ -- Semafone®, the leading provider of data security and compliance for call and contact centers, announced today it has rebranded as Sycurio™. The company's new name reflects its growing stature as a visionary global provider of pioneering cloud-based solutions that simplify how organizations manage data protection, regulatory compliance, and payment security in today's increasingly hyper-connected world.
Marking a major milestone for the company, the new brand identity is rooted in Sycurio's commitment to delivering innovative data security solutions and services that make it easier for organizations to realize their digital trust vision and safeguard every customer interaction, in every channel – while delivering a standout customer experience that builds trust and loyalty.
"Semafone is now Sycurio, and our bold new look and logo reflects who we are today and our future ambition – making data protection simpler and more accessible for all. As the shift to digital continues to accelerate, building and preserving digital trust is becoming a commercial and operational 'must have' and businesses that lead the way in security, privacy and compliance will become the titans of tomorrow," said Gary E. Barnett, CEO, Sycurio.
In addition to its new name and logo, Sycurio has rebranded its award-winning portfolio of cloud-based data security solutions and services and introduced a product tiering structure to simplify how partners and customers identify the capabilities they need.
"Building on our rich history, we'll continue delivering the most flexible cloud solutions; as well as applying pioneering new approaches and technologies to ensure that brands, large and small, can confidently transact in every channel and keep consumer and citizen trust intact. As we embark on the next exciting chapter of our corporate journey, we're looking forward to working closely with our partners and our customers so that, together, we can create a more secure digital world," concludes Gary E. Barnett.
About Sycurio™
Sycurio is a leading provider of flexible cloud-based solutions and services that simplify how organizations manage data protection, regulatory compliance, and payment security in today's increasingly connected world. It's innovative data security solutions enable organizations to realize their digital trust vision and safeguard every customer interaction, in every channel, while delivering a standout customer experience that builds lasting loyalty. Sycurio's patented data capture methods ensure that sensitive information, including payment card, bank details, and personally identifiable information (PII), such as social security numbers, can be processed in a manner that protects against the risk of fraud and ensures compliance with industry regulations such as the Payment Card Industry Data Security Standard (PCI DSS).
Founded in 2009, as Semafone, the company now supports customers in 26 countries on five continents. Sycurio is vertically agnostic, and its extensive customer base includes companies such as Amica Mutual Insurance, British Sky Broadcasting, BT Group, and Sutter Health.
Livingbridge is a major investor in Sycurio.
As a recognized global leader in transactional security, Sycurio's technology is integrated with over 60 Payment Service Providers. Sycurio (formerly Semafone) has achieved the leading security and payment certifications: ISO 27001:2013, UK Cyber Essentials certification, PA-DSS certification for its Sycurio.Voice payment solution, PCI DSS Level 1 Service Provider, registered Visa Level 1 Merchant Agent and Mastercard Site Data Protection (SDP) Compliant Registered Service Provider. To learn more, visit www.sycurio.com.
Media Contact:
Mandy Pattenden
Sycurio
mandy.pattenden@sycurio.com
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SOURCE Semafone | https://www.wistv.com/prnewswire/2022/04/14/semafone-announces-rebrand-changes-name-sycurio/ | 2022-04-14T07:24:16 | 0 | https://www.wistv.com/prnewswire/2022/04/14/semafone-announces-rebrand-changes-name-sycurio/ |
OSAKA, Japan, April 13, 2022 /PRNewswire/ -- Toyobo Co., Ltd. has launched a major U.S. marketing initiative for Nerbridge TM ("the product", hereafter), a conduit for peripheral nerve regeneration.
On January 11, 2022, Toyobo kicked off the sales promotion campaign at a conference jointly held in Carlsbad, California, by three societies – the American Association for Hand Surgery (AAHS), the American Society for Peripheral Nerve (ASPN) and the American Society for Reconstructive Microsurgery (ASRM). The campaign is being conducted in partnership with the exclusive U.S. distributor of Nerbridge TM, Synovis Micro Companies Alliance, Inc. (hereafter Synovis), a subsidiary of Baxter International Inc., a global medtech leader.
The global nerve conduit market is estimated at around 150,000 units as of 2021 and has been growing at a rate of 15 percent per annum*1. The U.S. accounts for about 70 percent of the share, making it the biggest market of its kind in the world.
Toyobo plans to feature the product in collaboration with Synovis at conferences held by various societies. At the events, the company plans to present data*2,3 on clinical tests, post-sale surveys and clinical practice it has accumulated since the company started marketing the product in Japan in 2013. The societies to which Toyobo will showcase the product are those holding conferences across the United States, including ASRM, ASSH and the American Society of Plastic Surgeons.
The product is a medical device used with the aim of facilitating regeneration and reconstructing functions of peripheral nerves severed or lost due to external injury. The device is a tube made of polyglycolic acid filled with sponge-shaped collagen, which enables the creation of an environment to induce nerve growth and reconstruct the severed section. The sponge-like structure of collagen has been confirmed as effective in multiplying nerve cells. The nerve conduit products made of synthesized materials that are available on the overseas market have reportedly caused some instances of triggering inflammatory reactions when the materials have decomposed inside the body*4. However, such events were not found with Nerbridge TM in a systematic literature search Toyobo has been making for the past several years in Japan. Using Nerbridge TM makes it unnecessary to harvest healthy peripheral nerves for autografting, reducing the patient's burden and shortening the time needed for surgical treatment.
Toyobo plans to enhance the production capacity of the product by the end of 2025 as well as expanding the scope of its clinical applications. To respond to the increasing demand expected for nerves conduits in the U.S. and elsewhere in the world, Toyobo will strengthen its production and sales capacities, thus becoming the leading company in the nerve conduit business field.
About Nerbridge TM
Brand name: Nerbridge TM
US FDA 510(k): Clearance No. K152967／Nerve Cuff
JP MHLW: Approval No.22500BZX00106000／Absorbent nerve regeneration inducer with the use of collagen
*1 Global Nerve Conduit, Nerve Wrap and Nerve Graft Repair Product Market Growth 2021-2026
*2 Product document of Nerbridge TM
*3 Kusuhara H, et al. A clinical multi-center registry study on digital nerve repair using a biodegradable nerve conduit of PGA with external and internal collagen scaffolding.、Microsurgery. 2018;1–5.
*4 Kehoe S, et al., FDA approved guidance conduits and wraps for peripheral nerve injury: A review of materials and efficacy、Injury, Int. J. Care Injured 43 (2012) 553–572.
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SOURCE Toyobo Co., Ltd. | https://www.wistv.com/prnewswire/2022/04/14/toyobo-launches-major-marketing-initiative-nerbridgetm-us-setting-sights-global-nerve-conduit-market/ | 2022-04-14T07:24:23 | 0 | https://www.wistv.com/prnewswire/2022/04/14/toyobo-launches-major-marketing-initiative-nerbridgetm-us-setting-sights-global-nerve-conduit-market/ |
Increase in defense budget expenditure for modernization of existing vetronics systems, integration of new age information technologies, and need for open architecture drive the global vetronics market.
PORTLAND, Ore., April 14, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Vetronics Market by Platform (Homeland Security, Military), by Vehicle Type (Main Battle Tank, Light Combat Vehicles, Armored Personnel Carriers, Infantry Fighting Vehicle, Others), by System (Weapon and Control System, Command and Communication, Navigation and Display, Sensor and Optronics, Power System, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030" As per the report, the global vetronics industry was accounted for $4.20 billion in 2020, and is expected to reach $6.50 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030.
Download Report (230 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/1752
Major determinants of the market growth
Rise in defense budget expenditure for modernization of existing vetronics systems, incorporation of new age information technologies, and demand for open architecture have boosted the growth of the global vetronics market. However, surge in cyber threats and high manufacturing cost hinder the market growth. On the contrary, proactive government initiatives and surge in share of electronic components in military vehicles would open new opportunities in the future.
Covid-19 scenario:
- The Covid-19 pandemic negatively affected the military industry and ventronics market due to limited business operations and logistics support and shift in budget allocations toward managing medical crisis.
- However, North America and Asia-Pacific countries are more inclined toward modernizing their military fleet, even during the pandemic. This increased the demand for vetronics.
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The main battle tank segment dominated the market
By vehicle type, the main battle tank segment held the largest share in 2020, accounting for nearly one-third of the global vetronics market, owing to rise in investments from defense organization for acquisition of these vehicles. However, the infantry fighting vehicle segment is estimated to register the highest CAGR of 5.3% during the forecast period, due to rise in demand to integrate these vehicles with advanced vetronics systems.
The transportation segment to portray the highest CAGR through 2030
By platform, the homeland security segment is projected to manifest the highest CAGR of 4.9% from 2021 to 2030. Moreover, the military segment held the largest share in 2020, accounting for nearly three-fourths of the global vetronics market, due to integration of vetronics system in homeland security vehicles to improve operational efficiency and reduce the response time to support business opportunities. The research also analyzes the military segment.
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North America held the lion's share
By region, the market across North America dominated in 2020, accounting for more than two-fifths of the market, owing to presence of several market players and high defense budget expenditure of countries including the U.S. However, the global vetronics market across Asia-Pacific is expected to showcase the highest CAGR of 5.9% during the forecast period, due to integration of novel technologies and surge in efforts taken by countries such as India and China to increase indigenous manufacturing capabilities.
Major market players
- Thales Group
- Saab Ab
- Curtiss-Wright Corporation
- BAE Systems
- General Dynamics Corporation
- Rheinmetall AG
- Leonardo S.p.A.
- L3harris Technologies, Inc.
- Raytheon Technologies Corporation
- Lockheed Martin Corporation.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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SOURCE Allied Market Research | https://www.wistv.com/prnewswire/2022/04/14/vetronics-market-reach-650-billion-globally-by-2030-46-cagr-allied-market-research/ | 2022-04-14T07:24:29 | 0 | https://www.wistv.com/prnewswire/2022/04/14/vetronics-market-reach-650-billion-globally-by-2030-46-cagr-allied-market-research/ |
TAMPA, Fla. (WFLA) – You’ll notice it feels a bit muggier this morning. We also have some extra clouds around to start the day. With a mix of sun and clouds through the day, temperatures rise into the mid-upper 80s.
A front stalls to our north today, and it will help generate a few afternoon and evening showers. Overall, the rain chance is just 20%, and most of the late-day storms will be east of I-75.
The front lingers to our north tomorrow, so it stays warm and muggy with a 20% rain chance. Highs will be in the upper 80s. The rain chance drops to just 10% Saturday.
Expect a steamy day Saturday with highs in the upper 80s. Make sure to stay hydrated if you’re outside for long periods of time.
The humidity remains high for Easter Sunday, so those sunrise services may feel muggy. The rain chance is slightly higher Sunday afternoon, especially for inland spots. We have a 30% chance of rain, and that increases to 40% on Monday when a cold front arrives.
Behind the front, temperatures return to average for mid-April in the low-mid 80s, and the humidity will drop. | https://www.wfla.com/weather/forecast/increasing-humidity-into-easter-weekend/ | 2022-04-14T08:00:47 | 0 | https://www.wfla.com/weather/forecast/increasing-humidity-into-easter-weekend/ |
GUANGZHOU, China, April 14, 2022 /PRNewswire/ -- The upcoming 131st China Import and Export Fair (Canton Fair) will present more than 2.9 million products covering eight major sectors, among which the electronic and home appliances exhibition zone will feature nearly 2,600 companies with 140,000 products.
The home appliance exhibition zone will gather China's leading brands such as Haier, Hisense, Gree, Midea, Changhong, TCL, along with small- and medium-sized manufacturers and exporters, to further explore the diverse market.
"The vivid gathering of the entire industrial chain of China's intelligent manufacturing at the Canton Fair will enable comprehensive presentation of the sector's cutting-edge technology as well as promote efficient cross-border businesses," said Alan Liu, Deputy Director-General of the Foreign Affairs Office at Canton Fair.
Canton Fair presents the new stay-at-home business
Since 2021, home-based and online businesses have played a significant role in major economies, stimulating the global home appliance market. According to GFK, from January to November 2021, the global retail sales of white appliances maintained steady growth with sales increasing by 14.8 percent, and small household appliances increased by 11.1 percent.
China's home appliance industry, with its stable supply chain and industrial facilities, has further developed its market via the Canton Fair.
Stove and smoking machine companies, as well as small kitchen appliance manufacturers, have upgraded their products to enable a healthier stay-at-home life. Large-capacity range hoods, high thermal efficiency gas stoves, and cold water-free gas heaters have further increased popularity in the market, including Schindler's Sky AI large suction range hood, which can monitor the firepower in real-time and automatically adjust the suction power during the cooking.
Leading companies such as Midea, Haier, Vatti and Sacon are also focusing on developing intelligent systems for kitchen appliances, which can connect multiple isolated devices onto one super terminal to enable a smarter experience through its distribution network, application-free installation and direct supporting service.
Canton Fair brings new technology to promote high-quality development
According to the China Hardware and Electromechanical Chamber of Commerce, China's total exports of household electrical appliances reached 118.45 billion USD in 2021, an increase of 26.4 percent over 2020.
With record-high export scale and growth rate of the sector in the past ten years, Canton Fair's home appliance exhibition area has developed rapidly to echo the intelligent innovation in the industry, bringing a variety of products with independent research and development technology to global buyers.
Signature products at the Fair will include televisions with new display and big screen technology, such as a transformable OLED television with flexible screen presented by Skyworth.
Cleaning appliances are also becoming more intelligent. Ecovacs will showcase its multi-purpose sweeping and mopping robot vacuum and cleaning station, which has mop self-cleaning and hot air drying, automatic dust collection, anion sterilization and water tank self-filling functions. The sweeping robot has enabled voice control with 12 sweeping and mopping cleaning modes.
Please register https://www.cantonfair.org.cn/en-US/register/index#/foreign-email for more business opportunities.
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SOURCE Canton Fair | https://www.1011now.com/prnewswire/2022/04/14/131st-canton-fair-presents-new-home-appliance-business-stay-at-home-economy/ | 2022-04-14T08:10:39 | 0 | https://www.1011now.com/prnewswire/2022/04/14/131st-canton-fair-presents-new-home-appliance-business-stay-at-home-economy/ |
HONG KONG, April 14, 2022 /PRNewswire/ -- Akeso, Inc. (9926.HK) ( "Akeso" ), a China-based biopharmaceutical company focusing on the development and commercialization of innovative therapeutic antibodies for Oncology & Immunology, announced the publication of preclinical results of its PD-1/CD73 bi-specific antibody (AK131) at the American Association for Cancer Research (AACR) Annual Meeting 2022. AK131 has demonstrated to have potent in-vitro and in-vivo anti-tumor activities.
Abstract: AK131, an anti-PD1/CD73 bispecific antibody for cancer immune therapy
AK131 is a bi-specific antibody derived from Penpulimab (Akeso's marketed PD-1 antibody ) and AK119 (Akeso's CD73 antibody in clinical stage). AK119 is a dual mechanism antibody (2021 SITC poster #750) that both blocks the generation of adenosine and stimulates antigen specific B cell activation. Adenosine is a key immune suppressive molecule contributing to the resistance of PD-1 antibody therapy. Both CD73 and PD-1 are with high expression in the tumor microenvironment. Moreover, a growing body of literature evidence supports an important role of B cells in anit-tumor immunity. Thus the company developed a bi-specific PD-1/CD73 antibody with the capacity to relieve immune checkpoint control of T cells, activate B cells, and eliminate immune suppression by adenosine, for immune therapy of cancer.
The results and observations in AK131's preclinical study support the development of AK131 as an anti-tumor agent in the clinic:
- AK131 effectively bound to human PD-1 and CD73 with high affinity. The interaction between PD-1 and its ligand PD-L1 was blocked by AK131 in reporter gene assay.
- In cellular assays, AK131 effectively promoted the secretion of IFN-γ and IL-2 by T cells in co-culture of PBMCs and Raji-PDL1 cells.
- Moreover, AK131 inhibited CD73 enzymatic activity and induced endocytosis of CD73. AK131 enhanced the expression of CD69, CD83, HLA-DR and IgM which are markers of B cell activation in an adenosine-independent manner.
- In in-vivo assay, AK131 successfully inhibited tumor growth in C57BL/6-hPD1/hPDL1/hCD73 transgenic mice MC38-hPDL1-hCD73 tumor syngeneic model.
Reference
[1] Huang S, Apasov S, Koshiba M, Sitkovsky M. Role of A2a extracellular adenosine receptor-mediated signaling in adenosine-mediated inhibition of T-cell activation and expansion. Blood. 1997; 90:1600-10.
[2] [2] Novitskiy SV, Ryzhov S, Zaynagetdinov R, Goldstein AE, Huang Y, Tikhomirov OY, Blackburn MR, Biaggioni I,Carbone DP, Feoktistov I, et al. Adenosine receptors in regulation of dendritic cell differentiation and function. Blood. 2008; 112:1822-31.
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SOURCE Akeso, Inc. | https://www.1011now.com/prnewswire/2022/04/14/akeso-publishes-preclinical-results-pd-1cd73-bi-specific-antibodyak131at-american-association-cancer-research-aacr-2022-annual-meeting/ | 2022-04-14T08:10:46 | 1 | https://www.1011now.com/prnewswire/2022/04/14/akeso-publishes-preclinical-results-pd-1cd73-bi-specific-antibodyak131at-american-association-cancer-research-aacr-2022-annual-meeting/ |
HONG KONG, April 14, 2022 /PRNewswire/ -- Akeso, Inc. (9926.HK) ( "Akeso" ), a China-based biopharmaceutical company focusing on the development and commercialization of innovative therapeutic antibodies for Oncology & Immunology, announced the publication of preclinical results of its PD-1/LAG-3 bi-specific antibody (AK129) at the American Association for Cancer Research (AACR) Annual Meeting 2022. Both in vitro and in vivo preclinical data demonstrated that AK129 has enhanced T cell activation activity with robust anti-tumor activity compared to PD-1 and LAG-3 antibody combo.
Abstract: AK129, an anti-PD1/LAG-3 bi-specific antibody for cancer therapy
https://www.abstractsonline.com/pp8/#!/10517/presentation/17739
AK129, a bi-specific antibody, acts by co-blocking two immune checkpoint molecules co-expressed on T cells, PD-1 and LAG-3. Signaling through PD-1/PD-L1 exerts major effects on cytokines production by T cells, inhibiting the production of IFN-γ and IL-2. LAG-3 is a cell surface molecule expressed on effector T cells and Tregs, which plays a vital role in regulating T cell function to promote tumor immune escape. LAG-3 and PD-1 mediate different signaling pathways, but they may act synergistically to cause effector T cells inactivation and exhaustion. AK129 is being investigated as a cancer immunotherapeutic agent.
Results and observations from AK129's preclinical study support the development of AK129 as a cancer immunotherapeutic agent in the clinic:
- AK129 showed good antigen binding to PD-1 and LAG-3. Coinsidently, AK129 potently inhibited the binding of LAG-3 to its ligand MHC-II, and the binding of PD-1 to its ligand PD-L1, thus blocking downstream immune suppression.
- At the individual target level, AK129 demonstrated a similar PD-1 blocking activity compared to penpulimab, and similar LAG-3 blocking activity compared to relatlimab. Importantly, at the whole cell level, the enhancement effect of AK129 is stronger than the combination of penpulimab and relatlimab, as evidenced by significantly higher level of IL-2 and IFN-γ secretion from PBMCs.
- AK129 showed favorable anti-tumor activity in BALB/c-hPD1/hLAG3 mice CT26.WT tumor model, with tumor growth inhibition values reaching 99.27% and 89.48% in high dose (20 mg/kg) and low dose (4 mg/kg) group of AK129, respectively.
Reference
[1] Kraman M, Faroudi M, Allen N, Kmiecik K, Gliddon D, Seal C, Koers A, Wydro M, Winnewisser J, Young L, Tuna M, Doody J, Morrow M, Brewis N. FS118, a bispecific antibody targeting LAG-3 and PD-L1, Enhances T-Cell activation result_x0002_ing in potent antitumor activity. Clin Cancer Res 2020; 26:3333–3344
[2] Maruhashi T, Sugiura D, Okazaki IM, Okazaki T. LAG-3: from molecular functions to clinical applications. J Immunother Cancer. 2020 Sep;8(2):e001014. doi: 10.1136/jitc-2020-001014. PMID: 32929051; PMCID: PMC7488795. [3] Long L, Zhang X, Chen F, Pan Q, Phiphatwatchara P, Zeng Y, Chen H. The promising immune checkpoint LAG-3: from tumor microenvironment to cancer immunotherapy. Genes Cancer. 2018 May;9(5-6):176-189. doi: 10.18632/genesandcancer.180. PMID: 30603054; PMCID: PMC6305110.
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SOURCE Akeso, Inc. | https://www.1011now.com/prnewswire/2022/04/14/akeso-publishes-preclinical-results-pd-1lag-3-bi-specific-antibodyak129at-american-association-cancer-research-aacr-2022-annual-meeting/ | 2022-04-14T08:10:52 | 1 | https://www.1011now.com/prnewswire/2022/04/14/akeso-publishes-preclinical-results-pd-1lag-3-bi-specific-antibodyak129at-american-association-cancer-research-aacr-2022-annual-meeting/ |
HONG KONG, April 14, 2022 /PRNewswire/ -- Akeso, Inc. (9926.HK) ( "Akeso" ), a China-based biopharmaceutical company focusing on the development and commercialization of innovative therapeutic antibodies for Oncology & Immunology, announced the publication of preclinical results of its anti-TIGIT monoclonal antibody (AK127) showing potent preclinical anti-tumor activities at the American Association for Cancer Research (AACR) Annual Meeting 2022.
Abstract:AK127, a novel monoclonal antibody (mAb) targeting T cell immunoreceptor (TIGIT)
AK127 is a novel humanized immunoglobulin (Ig) G1 monoclonal antibody (mAb) targeting T cell immunoreceptor with immunoglobulin and immunoreceptor tyrosine-based inhibitory motif domain (TIGIT). AK127 specifically binds to TIGIT and blocks the interaction of TIGIT with its ligands, thus relieving immune suppression and promoting anti-tumor immune response.
Immune checkpoint blocking antibodies achieved great clinical success, yet a large fraction of cancer patients receive minimum benefit from current immunotherapies targeting PD-1 and CTLA-4. As a new multifunctional immune checkpoint molecule, TIGIT holds promise to become an important cancer immune therapy target.
The observations in AK127's preclinical study support the development of AK127 as an anti-tumor agent in the clinic:
- AK127 blocked the immune inhibitory signal mediated by TIGIT, resulting in enhanced IL-2 secretion.
- AK127 exhibited binding to FcγRIa, FcγRIIIa and C1q, and eliciting ADCC, ADCP and CDC.
- In animal models, both AK104 (0.5 mg/kg) and AK127 (4 mg/kg) significantly inhibited tumor growth.
- The combination of AK127 and AK104 produced a significantly enhanced anti-tumor effect than either monotherapy, demonstrating the synergistic anti-tumor activity of AK127 combined with AK104.
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SOURCE Akeso, Inc. | https://www.1011now.com/prnewswire/2022/04/14/akeso-publishes-preclinical-results-tigit-monoclonal-antibodyak127at-american-association-cancer-research-aacr-2022-annual-meeting/ | 2022-04-14T08:10:59 | 1 | https://www.1011now.com/prnewswire/2022/04/14/akeso-publishes-preclinical-results-tigit-monoclonal-antibodyak127at-american-association-cancer-research-aacr-2022-annual-meeting/ |
GOTHENBURG, Sweden, April 14, 2022 /PRNewswire/ --
New Wave Group AB today published the Annual Report and Sustainability Report for 2021 on www.nwg.se.
The printed version of the Annual Report and Sustainability Report can be ordered by email info@nwg.se.
FOR MORE INFORMATION, PLEASE CONTACT:
CEO
Torsten Jansson
Phone: +46 31–712 89 01
E-mail: torsten.jansson@nwg.se
CFO
Lars Jönsson
Phone: +46 31–712 89 12
E-mail: lars.jonsson@nwg.se
This information is information that New Wave Group AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons detailed above, at 9:00 a.m. CET on 14 April 2022.
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SOURCE New Wave Group | https://www.1011now.com/prnewswire/2022/04/14/annual-report-sustainability-report-2021-new-wave-group-ab/ | 2022-04-14T08:11:06 | 0 | https://www.1011now.com/prnewswire/2022/04/14/annual-report-sustainability-report-2021-new-wave-group-ab/ |
VANCOUVER, BC, April 14, 2022 /PRNewswire/ - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce its gold production and gold revenue for the first quarter of 2022. All dollar figures are in United States dollars unless otherwise indicated.
- Total gold production of 209,365 ounces (including 12,892 ounces of attributable production from Calibre Mining Corp. ("Calibre")), 5% (9,760 ounces) above budget, and consolidated gold production of 196,473 ounces from the Company's three operating mines, 4% (8,431 ounces) above budget, with solid performances from all the Company's three mines, with each mine exceeding its budgeted production for the first quarter of 2022
- Consolidated gold revenue was $366 million on sales of 195,100 ounces at an average realized price of $1,874 per ounce
- For 2022, B2Gold remains well positioned for continued strong operational and financial performance with total gold production guidance of between 990,000 - 1,050,000 ounces (including 40,000 - 50,000 attributable ounces projected from Calibre) with total consolidated cash operating costs forecast to be between $620 - $660 per ounce (see "Non-IFRS Measures") and total consolidated all-in sustaining costs ("AISC") (see "Non-IFRS Measures") forecast to be between $1,010 - $1,050 per ounce
- The Company announced an updated and significantly increased Mineral Resource estimate for the Anaconda area, comprised of the Menankoto permit and the Bantako North permit, located approximately 20 kilometres from the Fekola Mine; preliminary planning by the Company has demonstrated that a pit situated on the Anaconda area could provide saprolite (weathered) material to be trucked to and fed into the Fekola mill commencing as early as late 2022, subject to obtaining all necessary permits and completion of a final mine plan, with the potential to add an average of approximately 80,000 to 100,000 ounces per year to the Fekola mill's annual gold production
- B2Gold's Namibian subsidiary was recognized by the Namibian Revenue Agency as the highest revenue contributor among "Overall Top Contributors" in calendar year 2021
Total gold production in the first quarter of 2022 was 209,365 ounces (including 12,892 ounces of attributable production from Calibre), above budget by 5% (9,760 ounces), and consolidated gold production from the Company's three operating mines was 196,473 ounces, above budget by 4% (8,431 ounces), with solid performances from the Company's three mines, with each mine exceeding its budgeted production for the first quarter of 2022 (see "Operations" section below). Due to the timing of higher-grade ore mining, consolidated gold production from the Company's three operating mines is expected to be significantly weighted to the second half of 2022. As expected, compared to the first quarter of 2021, total consolidated gold production was lower by 5% (11,279 ounces), due to the planned significant waste stripping campaign and lower mined ore tonnage at the Fekola Mine in the first quarter of 2022, as Phase 6 of the Fekola Pit continues to be developed in the first half of 2022.
The Company is currently compiling its consolidated cash operating costs and consolidated AISC results for the first quarter of 2022, which will be released along with its first quarter of 2022 financial results after the North American markets close on Tuesday, May 3, 2022.
For full-year 2022, the Company's total gold production is forecast to be between 990,000 - 1,050,000 ounces (including 40,000 - 50,000 attributable ounces projected from Calibre) with total consolidated cash operating costs forecast to be between $620 - $660 per ounce and total consolidated AISC forecast to be between $1,010 - $1,050 per ounce. The Company's consolidated gold production from its three operating mines is forecast to be between 950,000 - 1,000,000 ounces in 2022, with consolidated cash operating costs forecast to be between $600 - $640 per ounce and consolidated AISC forecast to be between $1,000 - $1,040 per ounce. Notwithstanding the ongoing sanctions on Mali announced by the Economic Community of West African States ("ECOWAS") on January 9, 2022, including closure of a number of the borders with Mali, the Fekola Mine continues to operate at full capacity and the Company expects to meet its 2022 production guidance for the Fekola Mine.
For the first half of 2022, consolidated gold production is forecast to be between 390,000 - 410,000 ounces, which is expected to increase significantly to between 560,000 - 590,000 ounces during the second half of 2022. Based mainly on the weighting of production and timing of stripping activities, consolidated cash operating costs are expected to be between $760 - $800 per ounce in the first half of 2022, before significantly improving to between $490 - $530 per ounce during the second half of 2022. In addition, consolidated AISC are expected to be between $1,250 - $1,290 per ounce in the first half of 2022 before significantly improving to between $820 - $860 per ounce during the second half of 2022.
For the first quarter of 2022, consolidated gold revenue was $366 million on sales of 195,100 ounces at an average realized price of $1,874 per ounce, compared to $362 million on sales of 202,330 ounces at an average realized price of $1,791 per ounce in the first quarter of 2021. The slight increase in gold revenue of 1% ($4 million) was 5% attributable to the increase in the average realized gold price, offset by a 4% impact from the decrease in gold ounces sold (mainly due to the lower gold production).
Mine-by-mine gold production in the first quarter of 2022 (including the Company's estimated 25% attributable share of Calibre's production) was as follows:
Fekola Gold Mine - Mali
The Fekola Mine in Mali had a successful start to the year with first quarter of 2022 gold production of 101,648 ounces, slightly above budget by 1% (917 ounces), as higher than budgeted processed grade (6%) offset lower than budgeted processed tonnes (5%). Following initial difficulties with importing reagents into Mali as a result of economic border sanctions imposed on Mali by ECOWAS, on January 9, 2022, as a precautionary response, the planned processing of saprolite ore at the Fekola Mine was temporarily suspended to reduce reagent consumption and ensure that sufficient reagents remained available to process higher-grade ore to meet budgeted gold production (which resulted in lower than budgeted throughput for the first quarter of 2022). Although the sanctions continue, the situation has normalized as regular imports of reagents were received by Fekola in February and March 2022. As a result, saprolite ore was reintroduced back into the Fekola mill feed blend at the end of February 2022, and the processing of saprolite ore resumed as planned. Fekola's gold production is expected to be significantly weighted to the second half of 2022 when mining reaches the higher-grade portion of Phase 6 of the Fekola Pit and Cardinal operations are at full capacity. As expected, compared to the first quarter of 2021, Fekola's gold production was lower by 19% (23,440 ounces), due to planned significant waste stripping and lower mined ore tonnage, as Phase 6 of the Fekola Pit continues to be developed in the first half of 2022.
For the first quarter of 2022, mill feed grade was 1.54 grams per tonne ("g/t") compared to budget of 1.45 g/t and 1.99 g/t in the first quarter of 2021; mill throughput was 2.20 million tonnes compared to budget of 2.31 million tonnes and 2.07 million tonnes in the first quarter of 2021; and gold recovery averaged 93.3% compared to budget of 93.5% and 94.4% in the first quarter of 2021. For the first quarter of 2022, as described above, processed grade was above budget while processed tonnes were below budget mainly due to the temporary suspension of processing saprolite ore, offset by the processing of higher-grade ore, in January and February 2022. Processed grade was lower compared to the first quarter of 2021 due to the planned significant waste stripping campaign in the first quarter of 2022.
The Fekola Mine is expected to produce between 570,000 - 600,000 ounces of gold in 2022 at cash operating costs of between $510 - $550 per ounce and AISC of between $840 - $880 per ounce. For the first half of 2022, Fekola's gold production is expected to be between 220,000 - 230,000 ounces, which is expected to increase significantly to between 350,000 - 370,000 ounces during the second half of 2022. Based mainly on the weighting of production and timing of pre-stripping, Fekola's cash operating costs are expected to be between $720 - $760 per ounce in the first half of 2022, before significantly improving to between $380 - $420 per ounce during the second half of 2022. In addition, Fekola's AISC are expected to be between $1,140 - $1,180 per ounce in the first half of 2022, before significantly improving to between $660 - $700 per ounce during the second half of 2022.
Anaconda Area
On March 23, 2022, the Company announced an updated and significantly increased Mineral Resource estimate for the Anaconda area, comprised of the Menankoto permit and the Bantako North permit, located approximately 20 kilometres from the Fekola Mine. The updated and significantly increased Anaconda Mineral Resource estimate (as at January 11, 2022) constrained within a conceptual pit shell at a gold price of $1,800 per ounce included an initial Indicated Mineral Resource estimate of 32,400,000 tonnes at 1.08 g/t gold for a total 1,130,000 ounces of gold, and Inferred Mineral Resource estimate of 63,700,000 tonnes at 1.12 g/t gold for 2,280,000 ounces of gold. The Mineral Resource estimate included first time reporting of 1,130,000 ounces of Indicated Mineral Resources and an increase of 1,510,000 ounces (196% increase) of Inferred Mineral Resources since the initial Inferred Mineral Resource estimate in 2017 (21,590,000 tonnes at 1.11 g/t gold, for 767,000 ounces).
In 2022, the Company has budgeted $33 million for development of infrastructure for Phase I saprolite mining at the Anaconda area, including road construction. Based on the updated Mineral Resource estimate and B2Gold's preliminary planning, the Company has demonstrated that a pit situated on the Anaconda area could provide selective higher grade saprolite material (average grade of 2.2 g/t) to be trucked to and fed into the Fekola mill commencing as early as late 2022 at a rate of 1.5 million tonnes per annum. Subject to obtaining all necessary permits and completion of a final development plan, the trucking of selective higher grade saprolite material to the Fekola mill would increase the ore processed and annual gold production from the Fekola mill, with the potential to add an average of approximately 80,000 to 100,000 ounces per year to the Fekola mill's annual gold production. The plan to truck the selective higher grade saprolite material is not included in the Company's 2022 production guidance and the Anaconda area Mineral Resources have not been included in the current Fekola life of mine plan.
Based on this updated Mineral Resource Estimate and the 2022 exploration drilling results, the Company has commenced a Phase II scoping study to review the project economics of constructing a stand-alone mill near the Anaconda area. Subject to receipt of a positive Phase II scoping study, the Company expects that the saprolite material would continue to be trucked to and fed into the Fekola mill during the construction period for the Anaconda area stand-alone mill.
In 2022, the Company will continue drilling to infill and extend the saprolite resource area and to follow up on the sulphide mineralization at the Anaconda area, including the Mamba and Adder zones, and several other targets below the saprolite mineralization. The good grade and width combinations at the Anaconda area continue to provide a strong indication of the potential for Fekola-style south plunging bodies of sulphide mineralization, which remains open down plunge. Five drill rigs are currently drilling in the Anaconda area.
Masbate Gold Mine – The Philippines
The Masbate Mine in the Philippines had a strong start to the year with first quarter of 2022 gold production of 59,764 ounces, above budget by 11% (5,711 ounces) and 4% (2,251 ounces) higher compared to the first quarter of 2021, mainly due to higher processed grade.
For the first quarter of 2022, mill feed grade was 1.19 g/t compared to budget of 1.09 g/t and 1.10 g/t in the first quarter of 2021; mill throughput was 2.01 million tonnes compared to budget of 1.93 million tonnes and 1.95 million tonnes in the first quarter of 2021; and gold recovery averaged 78.0% compared to budget of 79.7% and 83.6% in the first quarter of 2021. Processed grade was above budget in the first quarter of 2022 due to mining additional (unbudgeted) higher-grade areas identified within the planned mining areas. In addition, mine haulage optimizations (which resulted in shorter than planned hauls of waste and increased mining rates) also contributed to the above budgeted mined high-grade ore tonnage in the first quarter of 2022. Compared to the first quarter of 2021, gold recoveries were lower as a result of processing a higher proportion of fresh rock ore in the first quarter of 2022.
The Masbate Mine is expected to produce between 205,000 - 215,000 ounces of gold in 2022 at cash operating costs of between $740 - $780 per ounce and AISC of between $1,070 - $1,110 per ounce. Masbate's gold production is scheduled to be relatively consistent throughout 2022.
Otjikoto Gold Mine - Namibia
The Otjikoto Mine in Namibia performed well during the first quarter of 2022, producing 35,061 ounces of gold, 5% (1,803 ounces) above budget, with processed tonnes, grade and recoveries all slightly better than budget. As a result of the timing of higher-grade ore mining, Otjikoto's gold production is expected to be significantly weighted to the second half of 2022 when mining is scheduled to reach the higher-grade portions of Phase 3 of the Otjikoto Pit and ore production ramps up at the Wolfshag underground mine. As expected, compared to the first quarter of 2021, gold production was significantly higher by 52% (12,019 ounces), as processed ore in the first quarter of 2021 was primarily sourced from existing stockpiles while significant waste stripping operations continued at both the Wolfshag and Otjikoto pits.
For the first quarter of 2022, mill feed grade was 1.31 g/t compared to budget of 1.26 g/t and 0.82 g/t in the first quarter of 2021; mill throughput was 0.85 million tonnes compared to budget of 0.84 million tonnes and 0.89 million tonnes in the first quarter of 2021; and gold recovery averaged 98.5% compared to budget of 98.0% and 97.6% in the first quarter of 2021.
Development of the Wolfshag underground mine continues to progress with ore production expected to commence in the first half of 2022. The initial underground Mineral Reserve estimate for the down-plunge extension of the Wolfshag deposit includes 210,000 ounces of gold in 1.2 million tonnes of ore at 5.57 g/t gold.
The Otjikoto Mine is expected to produce between 175,000 - 185,000 ounces of gold in 2022 at cash operating costs of between $740 - $780 per ounce and AISC of between $1,120 - $1,160 per ounce. For the first half of 2022, Otjikoto's gold production is expected to be between 65,000 - 70,000 ounces, which is expected to increase significantly to between 110,000 - 115,000 ounces during the second half of 2022. Based mainly on the weighting of the planned production and timing of pre-stripping, Otjikoto's cash operating costs are expected to be between $960 - $1,000 per ounce in the first half of 2022, before significantly improving to between $620 - $660 per ounce during the second half of 2022. In addition, Otjikoto's AISC are expected to be between $1,460 - $1,500 per ounce in the first half of 2022, before significantly improving to between $930 - $970 per ounce during the second half of 2022.
The Company is pleased with its first quarter of 2022 production results as outlined in this news release, particularly given the challenges mining companies are facing around the world. Based on a strong first quarter, the Company is on track to meet its annual gold production guidance for 2022 of between 990,000 - 1,050,000 ounces (including 40,000 - 50,000 attributable ounces projected from Calibre) with total consolidated cash operating costs of between $620 - $660 per ounce and total consolidated AISC of between $1,010 - $1,050 per ounce. The Company is currently compiling its consolidated cash operating costs and consolidated AISC results for the first quarter of 2022, which will be released along with its first quarter of 2022 financial results after the North American markets close on Tuesday, May 3, 2022.
The Company's ongoing strategy is to continue to maximize profitable production from its mines, further advance the Anaconda and Gramalote development projects, advance the Company's numerous brownfield and greenfield exploration projects, evaluate new exploration, development and production opportunities and continue to pay an industry leading dividend yield.
B2Gold will release its first quarter of 2022 financial results after the North American markets close on Tuesday, May 3, 2022.
B2Gold executives will host a conference call to discuss the results on Wednesday, May 4, 2022, at 10:00 am PST/1:00 pm EST. You may access the call by dialing the operator at +1 (778) 383-7413 / +1 (416) 764-8659 (Vancouver/Toronto) or toll free at +1 (888) 664-6392 prior to the scheduled start time or you may listen to the call via webcast by clicking here. A playback version will be available for two weeks after the call at +1 (416) 764-8677 (local or international) or toll free at +1 (888) 390-0541 (passcode 666652 #).
Bill Lytle, Senior Vice President and Chief Operating Officer, a qualified person under NI 43-101, has approved the scientific and technical information related to operations matters contained in this news release.
ON BEHALF OF B2GOLD CORP.
"Clive T. Johnson"
President and Chief Executive Officer
For more information on B2Gold please visit the Company website at www.b2gold.com or contact:
The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release.
Production results and production guidance presented in this news release reflect total production at the mines B2Gold operates on a 100% project basis. Please see our Annual Information Form dated March 30, 2022 for a discussion of our ownership interest in the mines B2Gold operates.
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including: projections; outlook; guidance; forecasts; estimates; and other statements regarding future or estimated financial and operational performance, gold production and sales, revenues and cash flows, and capital costs (sustaining and non-sustaining) and operating costs, including projected cash operating costs and AISC, and budgets on a consolidated and mine by mine basis; the impact of the COVID-19 pandemic on B2Gold's operations, including any restrictions or suspensions with respect to our operations and the effect of any such restrictions or suspensions on our financial and operational results; the ability of the Company to successfully maintain our operations if they are temporarily suspended, and to restart or ramp-up these operations efficiently and economically, the impact of COVID-19 on the Company's workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, our planned capital and exploration expenditures; future or estimated mine life, metal price assumptions, ore grades or sources, gold recovery rates, stripping ratios, throughput, ore processing; statements regarding anticipated exploration, drilling, development, construction, permitting and other activities or achievements of B2Gold; and including, without limitation: B2Gold generating operating cashflows of approximately $625 million in 2022 which are expected to be significantly weighted to the second half of 2022; remaining well positioned for continued strong operational and financial performance for 2022; projected gold production, cash operating costs and AISC on a consolidated and mine by mine basis in 2022, including production being weighted heavily to the second half of 2022; total consolidated gold production of between 990,000 and 1,050,000 ounces in 2022 with cash operating costs of between $620 and $660 per ounce and AISC of between $1,010 and $1,050 per ounce; the Fekola mill being expected to run at an annualized throughput rate of approximately 9.0 Mtpa (over the long-term); the completion of an updated mineral resource estimate for the Anaconda area in the first quarter of 2022; the potential upside to increase Fekola's gold production in 2022 by trucking material from the Anaconda area, including the potential to add approximately 80,000 to 100,000 per year to Fekola's annual production profile, and for the Anaconda area to provide saprolite material to feed the Fekola mill starting in late 2022; the commencement of a Phase II study for the Anaconda area upon completion of the updated mineral resource estimate on the sulphide material becomes and based on 2022 exploration drilling results to review the project economics of trucking sulphide material to the Fekola mill as compared to constructing another stand-alone mill near Anaconda; the potential for production from the Cardinal zone to add approximately 50,000 ounces in 2022 to the Company's production profile and approximately 60,000 per year over the next 6 to 8 years; the Fekola Mine to be well-positioned for any potential supply disruptions caused by the border closures following the ECOWAS sanctions; the development of the Wolfshag underground mine at Otjikoto, including the results of such development and the costs and timing thereof; stope ore production at the Wolfshag underground mine at Otjikoto commencing late in the first half of 2022; the potential payment of future dividends, including the timing and amount of any such dividends, and the expectation that quarterly dividends will be maintained at the same level; and B2Gold's attributable share of Calibre's production. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made.
Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond B2Gold's control, including risks associated with or related to: the duration and extent of the COVID-19 pandemic, the effectiveness of preventative measures and contingency plans put in place by the Company to respond to the COVID-19 pandemic, including, but not limited to, social distancing, a non-essential travel ban, business continuity plans, and efforts to mitigate supply chain disruptions; escalation of travel restrictions on people or products and reductions in the ability of the Company to transport and refine doré; the volatility of metal prices and B2Gold's common shares; changes in tax laws; the dangers inherent in exploration, development and mining activities; the uncertainty of reserve and resource estimates; not achieving production, cost or other estimates; actual production, development plans and costs differing materially from the estimates in B2Gold's feasibility and other studies; the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulations; the ability to replace mineral reserves and identify acquisition opportunities; the unknown liabilities of companies acquired by B2Gold; the ability to successfully integrate new acquisitions; fluctuations in exchange rates; the availability of financing; financing and debt activities, including potential restrictions imposed on B2Gold's operations as a result thereof and the ability to generate sufficient cash flows; operations in foreign and developing countries and the compliance with foreign laws, including those associated with operations in Mali, Namibia, the Philippines and Colombia and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements or resource nationalization generally, including in response to the COVID-19 outbreak; remote operations and the availability of adequate infrastructure; fluctuations in price and availability of energy and other inputs necessary for mining operations; shortages or cost increases in necessary equipment, supplies and labour; regulatory, political and country risks, including local instability or acts of terrorism and the effects thereof; the reliance upon contractors, third parties and joint venture partners; the lack of sole decision-making authority related to Filminera Resources Corporation, which owns the Masbate Project; challenges to title or surface rights; the dependence on key personnel and the ability to attract and retain skilled personnel; the risk of an uninsurable or uninsured loss; adverse climate and weather conditions; litigation risk; competition with other mining companies; community support for B2Gold's operations, including risks related to strikes and the halting of such operations from time to time; conflicts with small scale miners; failures of information systems or information security threats; the ability to maintain adequate internal controls over financial reporting as required by law, including Section 404 of the Sarbanes-Oxley Act; compliance with anti-corruption laws, and sanctions or other similar measures; social media and B2Gold's reputation; risks affecting Calibre having an impact on the value of the Company's investment in Calibre, and potential dilution of our equity interest in Calibre; as well as other factors identified and as described in more detail under the heading "Risk Factors" in B2Gold's most recent Annual Information Form, B2Gold's current Form 40-F Annual Report and B2Gold's other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission (the "SEC"), which may be viewed at www.sedar.com and www.sec.gov, respectively (the "Websites"). The list is not exhaustive of the factors that may affect B2Gold's forward-looking statements.
B2Gold's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. These assumptions and factors include, but are not limited to, assumptions and factors related to B2Gold's ability to carry on current and future operations, including: the duration and effects of COVID-19 on our operations and workforce; development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; B2Gold's ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs, including gold; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.
B2Gold's forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. B2Gold does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits or liabilities B2Gold will derive therefrom. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.
Non-IFRS Measures
This news release includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards ("IFRS"), including "cash operating costs" and "all-in sustaining costs" (or "AISC"). Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and should be read in conjunction with B2Gold's consolidated financial statements. Readers should refer to B2Gold's Management Discussion and Analysis, available on the Websites, under the heading "Non-IFRS Measures" for a more detailed discussion of how B2Gold calculates certain of such measures and a reconciliation of certain measures to IFRS terms.
Cautionary Statement Regarding Mineral Reserve and Resource Estimates
The disclosure in this news release was prepared in accordance with Canadian National Instrument 43-101, which differs significantly from the requirements of the United States Securities and Exchange Commission ("SEC"), and resource and reserve information contained or referenced in this news release may not be comparable to similar information disclosed by public companies subject to the technical disclosure requirements of the SEC. Historical results or feasibility models presented herein are not guarantees or expectations of future performance.
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SOURCE B2Gold Corp. | https://www.1011now.com/prnewswire/2022/04/14/b2gold-reports-strong-gold-production-q1-2022-with-total-gold-production-209365-oz-5-above-budget-track-meet-annual-guidance-990000-1050000-oz-total-gold-production/ | 2022-04-14T08:11:14 | 0 | https://www.1011now.com/prnewswire/2022/04/14/b2gold-reports-strong-gold-production-q1-2022-with-total-gold-production-209365-oz-5-above-budget-track-meet-annual-guidance-990000-1050000-oz-total-gold-production/ |
AUSTIN, Texas, April 13, 2022 /PRNewswire/ -- Card My Yard has been recognized and ranked as number four of the Top New and Emerging Franchises in 2022 in the April/May issue of Entrepreneur magazine, on newsstands now and currently ranks as number one in the category of Yard Sign Rental Franchises and number 299 overall. The ranking highlights the newest and hottest companies that have begun offering franchise opportunities since 2017.
"It is an honor to be recognized by Entrepreneur Magazine as a top new and emerging franchise this year," James Stanley, chief franchise officer of Card My Yard said. "This award is a reflection of the hard work of our employees and nearly 500 franchisees. We are proud of what we have accomplished together and look forward to continuing spreading the Card My Yard mission across the country."
Card My Yard experienced an increase of 40% system-wide revenue over the same period as 2020 and in 2021, franchise owners drove over two million miles to help celebrate more than 150,000 orders to help their customers celebrate special days. Card My Yard sets itself apart from competitors with its innovative, streamlined online ordering system that helps bring in about 3,000 system-wide orders every week.
Notable awards for Card My Yard include being selected as an Ernst & Young Entrepreneur of the Year finalist, Woman's Way Business awards finalist, the Austin Business Journal's Top 2021 Fastest Growing Companies and a 2021 Greater Austin Business Award honoree, among others.
The Top New and Emerging Franchises ranking is based on information submitted to Entrepreneur for its annual Franchise 500® and is part of the brand's continuing effort to best understand and evaluate the ever-changing franchise marketplace. To qualify for inclusion on the 2022 list, companies featured have been offering a franchise model for five years or fewer and were assessed across multiple data points including unit growth, start-up costs and fees, training and support, the parent company's financial stability and brand strength.
"Entrepreneur's Top New and Emerging List not only highlights some of the hottest companies in the franchise business but underscores that creativity and innovation are alive and well in 2022," Liane Caruso, senior vice president of franchising of Entrepreneur said. "Each year approximately 300 brands begin franchising their concepts, showcasing the incredible diversity, opportunity, and accessibility that exists for today's entrepreneur."
To view Card My Yard in the full ranking, visit https://www.entrepreneur.com/franchises/topnew. Results can also be seen in the April/May issue of Entrepreneur, available on newsstands now.
Card My Yard
Founded in 2014, Card My Yard is America's premier yard greetings service with nearly 500 franchise locations in 45 states and a national headquarters in Austin, Texas. Catering to special occasions, events and milestones, the company has transformed celebrations across the country and continues to make a positive impact in communities nationwide. With a mission to spread joy on a daily basis, Card My Yard offers readily available and custom signs to commemorate all occasions. For more information, visit www.cardmyyard.com and stay connected @cardmyyard.
Elizabeth Christian Public Relations
Victoria Gonzalez
956.778.8877
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SOURCE Card My Yard | https://www.1011now.com/prnewswire/2022/04/14/card-my-yard-named-one-2022s-top-new-emerging-franchises-by-entrepreneur/ | 2022-04-14T08:11:20 | 1 | https://www.1011now.com/prnewswire/2022/04/14/card-my-yard-named-one-2022s-top-new-emerging-franchises-by-entrepreneur/ |
BEIJING, April 14, 2022 /PRNewswire/ -- From a herd of China's wandering Asian elephants to the 15th Conference of the Parties (COP15) to the Convention on Biological Diversity held in Kunming, southwest China's Yunnan Province, topics related to ecological civilization in the country are attracting more and more attention.
Recently Chinese President Xi Jinping inspected the city of Wuzhishan in south China's Hainan Province.
Hainan is a province of ecological resources and the work of building the Hainan Tropical Rainforest National Park is top priority, he said when visiting a section of the park on Monday.
Strategic significance of national park development
The Hainan Tropical Rainforest National Park boasts one of the most concentrated, best preserved and largest contiguous tropical rainforests in China. The park covers nine cities and counties, with a total area of 4,400 square km, or about one-seventh of Hainan Island's land area.
It is an important part of the world's tropical rainforest and a key area for biodiversity conservation in the country.
Learning about efforts to protect the environment and biodiversity in the park, Xi highlighted the need to fully understand the strategic significance of Hainan's national park development to the country, and urged continuous and solid efforts in this regard.
Last year, the Chinese leader announced the official designation of the country's first group of national parks when delivering a keynote speech via video link at the leaders' summit of the COP15. The Hainan Tropical Rainforest National Park is one of them.
In recent years, Hainan has promoted the construction of the park, strengthening the restoration of tropical rainforest and carrying out ecological relocation projects in core protected areas.
In late March, researchers discovered eight new macrofungi species in the park. These can decompose cellulose and lignin and play a significant decomposition role in the tropical rainforest ecosystem.
Continuous efforts in building eco-civilization
Over the years, Xi has stressed advancing ecological civilization on many occasions. "Lucid waters and lush mountains are invaluable assets," the frequently-quoted words by Xi, have been a key component of his thoughts on ecological progress.
In March last year, China adopted a blueprint for the country's social and economic development over the next five to 15 years, demanding the all-round green transformation of social and economic development and the construction of a Beautiful China.
The country has also announced that it will strive to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060, which means it will complete the world's largest reduction in carbon emission intensity, and realize carbon neutrality from carbon peaking in the shortest time in global history.
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THUNDER BAY, ON, April 14, 2022 /PRNewswire/ - Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) and Fort William First Nation, Red Rock Indian Band and the Biinjitiwaabik Zaaging Anishinaabek (collectively the "Cooperating Participants") jointly announce that they have advanced their relationship through a signed Exploration Agreement (the "EA") effective as of April 13, 2022.
Clean Air Metals and its wholly-owned subsidiary, Panoramic PGMs (Canada) Ltd., are undertaking mineral exploration and development activities on mining claims located in the Greenwich Lake Area and Tartan Lake Area, related to the Company's Thunder Bay North Project (the "Project"). The Company's exploration and development activities are located on lands which the Participating First Nations assert are part of their traditional territory and in which the Participating First Nations assert their members hold and exercise Aboriginal and/or Treaty rights (the "Rights").
The EA confirms a framework for a mutually beneficial relationship between the Cooperating Participants regarding the Project, based on the relationship affirmed by a Memorandum of Agreement ("MOA") signed January 8, 2021 (press release January 11, 2021). The MOA and new EA establish a foundation for collaborative and respectful communications to facilitate Clean Air Metals' consultation with the Participating First Nations to identify:
- Potential impacts of the Project on the Participating First Nations interests and Rights;
- Design appropriate measures to mitigate and avoid any adverse effects; and
- To adopt an approach which enhances positive impacts and benefits.
The Cooperating Participants have affirmed their ongoing relationship through the new EA during the exploration phase of the Project effective from May 1, 2020 to present. The Cooperating Participants will work in good faith to negotiate a Long Term Relationship Agreement ("LTRA") during the subsequent technical feasibility study phases of the Project.
Chief of Red Rock Indian Band, Marcus Hardy, stated that "the Participating Communities appreciate the commitment to equity, diversity and inclusion that Clean Air Metals continues to demonstrate. Sustainable development by Clean Air Metals of the critical minerals platinum, palladium, copper and nickel found at the Thunder Bay North Project will allow our youth and young adults to address climate change and participate meaningfully in the global transition to cleaner forms of energy."
Chief Executive Officer of Clean Air Metals, Abraham Drost, stated that " Clean Air Metals is very pleased to sign this Exploration Agreement and to be an active Participant at the Thunder Bay North critical minerals project along with the Fort William First Nation, the Red Rock Indian Band and Biinjitiwabik Zaaging Anishinaabek. The Company pledges integrity and meaningful consultation and accommodation with affected First Nation communities and commends the Participating Communities for their vision around sustainable regional economic development."
Clean Air Metals continued to apply COVID-19 avoidance and personal protection measures for its geological staff, drilling contractor and service suppliers during the third quarter and has had zero occurrences of COVID-related illness year to date. Personnel are required to maintain physical distance, use Personal Protective Equipment (PPE), self-monitor and self-isolate or elect to work from home. The Company follows provincial government COVID protocols.
Clean Air Metals' flagship asset is the 100% owned, high grade Thunder Bay North Project, a platinum, palladium, copper, nickel project located near the City of Thunder Bay, Ontario and the Lac des Iles Mine owned by Impala Platinum. The Thunder Bay North Project hosts the twin magma conduit bodies which host Current and Escape deposits forming the basis for a positive preliminary economic assessment (PEA) around a ramp access underground mine filed January 12, 2022.
The Thunder Bay North project PEA envisions a 10-year mine life at 3600 tonnes per day with a fully discounted NPV5 of C$425 million and an IRR of 31% against initial capital of $367 million. The commodity mix at Thunder Bay North fits well with the recently announced Ontario Critical Minerals Strategy.
Executive Chair Jim Gallagher and CEO Abraham Drost lead an experienced technical team to guide preparation for prefeasibility studies of a low-carbon, sustainable mining operation at Thunder Bay North. As the former CEO of North American Palladium Ltd. which owned the Lac des Iles Mine prior to the sale to Impala Platinum in December 2019, Jim Gallagher and team are credited with the mine turnaround and creation of significant value for shareholders.
"Abraham Drost"
Abraham Drost, Chief Executive Officer of Clean Air Metals Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation, including statements regarding the potential of the Thunder Bay North Project and the Escape and Current deposits and timing of technical studies including prefeasibility studies and updated mineral resource estimates. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projection.
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SOURCE Clean Air Metals Inc. | https://www.1011now.com/prnewswire/2022/04/14/clean-air-metals-first-nation-partners-advance-their-relationship-with-an-exploration-agreement-thunder-bay-north-project/ | 2022-04-14T08:11:35 | 1 | https://www.1011now.com/prnewswire/2022/04/14/clean-air-metals-first-nation-partners-advance-their-relationship-with-an-exploration-agreement-thunder-bay-north-project/ |
Despite recovery, smart card shipments won't reach pre-pandemic levels until 2025
LONDON, April 14, 2022 /PRNewswire/ -- After a significant decrease in 2020, the worldwide shipments of contactless ticketing smart cards recovered 6% to reach 302 million in 2021, according to ABI Research, a global technology intelligence firm. While many countries are still in various states of reduced transit services, the chipset shortage will make its presence known in 2022, causing a shortfall in supply for lower ASP end markets and resulting in a drop in 2022 shipments to just under 290 million.
"2021 resulted in low growth for the overall contactless ticketing market on a global scale. Overall, 2021 saw a total of 302 million micro and memory shipments, with continued migration from memory to microcontroller, but lower growth because of the continuing pandemic and many countries maintaining distancing measures. With most global transport networks running limited services, ridership was much lower than pre-pandemic levels," says Sam Gazeley, Digital Payment Technologies Research Analyst at ABI Research.
It is unlikely that the global market for ticketing smart card shipments will recover in several years. This is not only due to the ongoing pandemic concerns in most countries, but also the chipset shortage, which is currently in its most critical year. The short supply of chips to cards will be felt more harshly in developing and emerging economies, as transit authorities struggle to stump up the higher ASP the contactless ticketing smart cards will now command. North America and Europe will experience lessened effects.
"Many transit authorities are looking to migrate to EMV as a standard for their ticketing solutions. With contactless payments in all markets experiencing a sharp upturn during COVID-19, around 150 large cities are looking to transition from proprietary systems toward EMV, including those in Ireland, the United Arab Emirates (UAE), India, and Russia. California is also looking to implement a state-wide closed-loop EMV system," Gazeley explains.
While the trend toward mobile ticketing was already present pre-pandemic, moving into a post-COVID ticketing ecosystem has only served to accelerate the move toward mobile. A requirement to increase the level of choice of contactless experiences, coupled with the chipset shortage, has forced the hand of many transit authorities to expand ticketing options to entice travelers back to the transit network.
As it relates to mobile ticketing, QR codes will still hold the lion's share of the mobile ticketing market (QR code tickets accounted for 64% of all tickets delivered in 2021). According to Gazeley, "This is thanks to a mature and well-established market presence in airline boarding passes, paired with a growing presence in mass transit applications within the Asia-Pacific region, most notably in China and India."
These findings are from ABI Research's Contactless Ticketing Smart Card Technologies market data report. This report is part of the company's Digital Payment Technologies research service, which includes research, data, and analyst insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
Contact Info:
Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com
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U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, April 14, 2022 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company.
The Company is pleased to announce that it has purchased five heavy haul rigs to move drilling and plant processing equipment. The Company has lost critical time waiting to get drilling equipment moved and has seen a large increase in heavy haul rig costs. DME spent in excess of USD 700,000.00 to move rigs and equipment on the first seven wells. Initially, the rig mobilization on Well #1 was approximately $26,000.00, in 18 months the cost has escalated to $164,000.00 on Well #7 for rig de-mobilization. The Company's excellent cash position has made it possible to control costs and timing of equipment moves with the purchase of five heavy haul trucks. DME is finalizing the separate company, which will have under ten employees, and the equipment will be contracted out and provide additional cash flow to the company's bottom line.
"Management has taken advantage of a healthy treasury to combat inflation and supply chain issues," says Robert Rohlfing, CEO of Desert Mountain Energy Corp. "This acquisition not only solves those issues but will provide additional cash flow. The fleet will be contracted out when not being used by the Company."
ABOUT DESERT MOUNTAIN ENERGY
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.
We seek safe harbor
"Robert Rohlfing"
Robert Rohlfing
Exec Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company's anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
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SOURCE Desert Mountain Energy Corp. | https://www.1011now.com/prnewswire/2022/04/14/desert-mountain-energy-makes-strategic-move-address-rig-moving-inflation-amp-availability-issues/ | 2022-04-14T08:11:49 | 0 | https://www.1011now.com/prnewswire/2022/04/14/desert-mountain-energy-makes-strategic-move-address-rig-moving-inflation-amp-availability-issues/ |
Event features "Re-Concept Cars" created by a team of top auto builders and Sydney Sweeney
SAN JOSE, Calif., April 14, 2022 /PRNewswire/ -- Today, eBay Motors announces the first ever New York Auto Parts Show, designed to demonstrate how car enthusiasts can build, fix, or maintain their dream car. In the face of unprecedented supply chain challenges, the show debuts a line of "Re-Concept cars," assembled in partnership with some of the industry's top builders and biggest stars. Over the course of several days, eBay Motors will prove the best 'new' car on the road can start with one that already exists.
While the floor of the New York Auto Show is filled with brand new models and Concept Cars, these vehicles are often impossible for most people to access – let alone drive every day. So in a timely twist, eBay Motors is showcasing the clever ways enthusiasts are using parts and accessories to make and maintain their dream cars. The Re-Concept Cars exhibition celebrates innovative ideas and designs from top auto builders and DIY customizers, including actress Sydney Sweeney.
"Since buying my Ford Bronco last February, I've done everything from rebuilding the transmission, to wire brushing out rust," said Sydney Sweeney. "It's really important to me to preserve the integrity of the original Ford build, so when I need a rare part – like a unique transmission adaptor that is next-to-impossible to come by – eBay Motors is always my first stop."
In recent years, both the average car age and average mileage have significantly increased, as new cars are harder to come by and consumers opt to stretch the life of their current vehicles. And since last summer, "project car" sales on eBay Motors have grown 158% – with more people taking on true fixer-uppers.
"Supply chain challenges are impacting everyone – professional mechanics, DIY enthusiasts, daily commuters – and that's leading to some really innovative solutions," said Ron Jaiven, GM of Parts & Accessories, eBay Motors. "eBay Motors has long been the place for enthusiasts to discover hard-to-find parts and accessories needed to build, fix, or maintain virtually any car. The New York Auto Parts Show is highlighting just how much is possible when it comes to giving an existing car a new life."
Held at the iconic Classic Car Club of Manhattan, the show is part education and part inspiration. Attendees can explore in detail each of the "Re-Concept Cars," speak with the builders themselves, and learn more about how the right part can be a game-changer when it comes to starting – or finishing – a project. Those not in NYC can access behind-the-scenes content and DIY tips on @eBayMotors and at eBay.com/autopartsshow.
The Builders
- The New Throwback | Sydney Sweeney (1969 Ford Bronco) – Sweeney surprised everyone after a TikTok video of her working on her beloved vintage Bronco went viral earlier this year. She has partnered with eBay Motors to complete her rebuild and display it at the New York Auto Parts Show.
- The Family Muscle Car | Freddy "Tavarish" Hernandez (Chrysler Pacifica) – Hernandez is working with eBay Motors to drop a Hellcat engine into a Chrysler Pacifica (minivan) - an insane upgrade that will get the DIY auto community talking.
"I've never bought a new car in my life and I don't plan to start now," said Freddy Hernandez. "eBay Motors is my go to when I need to find a part to keep any of my many projects running like the day they were bought, even the ones that are more than 30 years old."
- The Mod-Monster | Grind Hard Plumbing Co. (90's Ford Ranger) – Grind Hard Plumbing Co took a classic 90's Ford Ranger and turned it into a truly unique 6 wheel vehicle bringing the creativity and "wow factor" of a 'Re-Concept Car' to life with a new engine, wheels and accessories.
"We're building things that have never been built before almost every day, and that requires a massive variety of parts, some of them very rare and hard to find," said Edwin Olding, part-owner of Grind Hard Plumbing Co. "That's why we get our parts from eBay Motors. They have the largest inventory of new and used parts and we can always find what we need."
- The rEVamp | Emelia Hartford (00's Prius) – A builder who is also a burgeoning actress, Emelia drove this Prius daily for years. When she started using her Prius to transport car parts, she was inspired to up the horsepower and reincarnate it with a new turbocharged Honda engine and 6-speed manual.
"I drove my 2007 Prius into the ground and was thrilled when I found out I could work with eBay Motors to keep her going," said Emelia Hartford. "There's almost nothing that compares to the thrill of unpacking the perfect part for your vehicle project, installing it, and starting the engine."
The New York Auto Parts Show is open to the public from 11am – 5pm, Thursday, April 14, at the Classic Car Club of Manhattan on Pier 76. Attendees can examine all four of the Re-Concept Cars, explore the parts and accessories used to transform the vehicles, and even speak to a few of the builders. You'll also find a pair of custom motorcycles from artist J Shia, a V8 Tesla and custom camper van from Rich Rebuilds as well as Nascar legend Smokey Yunick's famed Plymouth Hot Vapor car, restored and displayed by Danny Soliz of Hill Country Performance.
- Motors Parts & Accessories generate over $10B in annual GMV
- One out every three eBay shoppers buys parts and accessories.
- In Q4 2021, the following P&A categories saw particularly notable GMV increases:
eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2021, eBay enabled over $87 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.
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STOCKHOLM, April 14, 2022 /PRNewswire/ -- First quarter highlights
- Group organic sales grew by 3% YoY driven by Networks in North America and in Europe and Latin America. Reported sales were SEK 55.1 (49.8) b.
- Reported gross margin was 42.3% (42.8%) impacted by proactive investments in supply chain resilience in Networks. Rolling four quarter gross margin was 43.2%.
- Due to the indefinite suspension of affected business in Russia, a provision for impairment of assets and other extraordinary costs of SEK -0.9 b. was booked in the quarter as other operating expenses in segment Networks. Around one third of this amount will impact cash flow.
- EBIT amounted to SEK 5.9 b. with an EBIT margin of 10.7% when excluding the provision and a revaluation of Ericsson Ventures investments of SEK -0.3 b. Reported EBIT was SEK 4.7 (5.3) b.
- EBITA amounted to SEK 6.1 b. with an EBITA margin of 11.0% when excluding the provision and the revaluation of Ericsson Ventures investments. Reported EBITA was SEK 4.9 (5.5) b.
- Networks EBIT margin was 18.7% when excluding the provision related to Russia. In addition, EBIT was negatively impacted by timing of software sales in a large contract as well as by increased R&D. Reported EBIT margin was 16.6% (20.0%).
- Organic sales in Emerging Business and Other grew by 15% YoY driven by Cradlepoint.
- Reported net income was SEK 2.9 (3.2) b.
- Free cash flow before M&A was SEK -1.7 (1.6) b. impacted primarily by proactive inventory build-up for supply chain resilience. Net cash on March 31, 2022, was SEK 65.2 b. compared with SEK 43.0 b. on March 31, 2021.
[1] Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statements.
Comments from Börje Ekholm, President and CEO of Ericsson (NASDAQ:ERIC)
We continue to execute on our strategy to be a leading mobile infrastructure provider and to establish a focused enterprise business. We see strong business momentum and our investments in technology and a resilient supply chain have allowed us to continue to win market share and deliver on customer commitments in spite of global supply chain challenges. In the quarter, we saw organic sales[1] growth of 3%. Gross margin at 42.3% (42.8%) indicates underlying stability while absorbing cost increases in the supply chain. Our EBITA margin was 11.0%, adjusted for revaluation of holdings and provision related to Russia.
Russia's invasion of Ukraine and the resulting humanitarian disaster is a major setback for the world. While mobile infrastructure is essential for communications in Russia, it has been clear from the start of the invasion that business in Russia would have to be reconsidered. Following current sanctions, we have announced an indefinite suspension of our affected business in Russia and recorded a provision for impairment of assets and other extraordinary costs of SEK -0.9 b. in Q1. We will continue to monitor and respond to the situation day by day, with priority on the safety and well-being of our people.
In our core mobile infrastructure business, we foresee a longer investment cycle compared with previous mobile generations as 5G's broad application usage will drive a continued need to increase capacity. Technology leadership is driving our competitiveness, and in the quarter, we invested SEK -10.7 (-9.6) b. in R&D.
Networks sales[1] grew organically by 4% in Q1 reflecting our continually strengthened market position. Gross margin was 44.7% (46.1%). Software sales vary between quarters, and a certain SEK 1 b. annual software contract that is normally recorded in Q1, is this year delayed into Q2. Gross margin was also negatively impacted by proactive investments in supply chain resilience. Hard work throughout the organization enabled us to deliver on customer commitments despite global supply chain challenges. We also continue to increase our R&D investments to extend our leadership. R&D increased by SEK -1 b. YoY and was primarily related to our Cloud RAN portfolio, which gives customers more flexible deployment options, and to next generation ASICs that provide industry-leading radio performance, energy savings and footprint reduction. We foresee long-term attractive return on our investments similar to the last few years.
Digital Services organic sales[1] were down by -2% YoY in the quarter and EBIT was SEK -1.4 b. We are building a strong platform for Digital Services and sales development in the cloud native 5G core portfolio is encouraging with double digit growth, albeit from a low base. However, the overall result in the quarter is not satisfactory. The target of a limited loss for 2022 is challenging especially in light of the increased investments in R&D in service orchestration and 5G portfolio. We now increase focus on accelerating sales growth and addressing efficiency to improve profitability.
To capture opportunities in the rapidly growing enterprise space, we are focusing on two specific areas. The first focus area is wireless networks for enterprise where we already offer easy-to-use pre-packaged solutions, with Cradlepoint showing strong growth in the first quarter as 5G coverage increases on the US C-band. We also see growing momentum for our 5G portfolio in Dedicated Networks. In addition, we are increasing investments in our enterprise go-to-market organization.
The other focus area is a Global Network Platform, which will be built on global unified interfaces, so called APIs. Developers and enterprises will be able to create new use cases and experiences, like high quality video or XR on top of the 5G network, which enable operators and the industry to monetize the network investment in new ways. Ericsson intends to play a major role in building the API platform. With our previously announced intention to acquire Vonage – more than 1 million developers, 120,000 enterprise customers and a proven scaled API infrastructure – we will have a strong position to deliver on this ambition.
Ericsson's IPR licensing revenues in Q1 were affected by several expiring patent license agreements pending renewal and by 5G license negotiations. We are confident in our strong 5G position and leading patent portfolio, positioning us well to conclude pending and future license renewals. Revenues from current IPR licensing contracts are estimated to SEK 1.0–1.5 b. in Q2. The actual revenue impact will depend on timing as well as terms and conditions of new agreements.
We are currently engaging with the Department of Justice (DOJ) regarding the breach notices it issued relating to the Deferred Prosecution Agreement. The resolution of these matters could result in a range of actions by DOJ, and may likely include additional monetary payments, the magnitude of which cannot at this time be reliably estimated. As this process is ongoing, we remain limited in what we can say about the historical events covered in the Iraq investigation and our ongoing engagement on the matter. We are fully committed to co-operating with the DOJ and our work to further strengthen our Ethics and Compliance program, controls and our culture remains a top priority. It was actually our improved compliance program that allowed us to identify the misconduct in Iraq that started at least back in 2011.
In light of the global supply chain challenges, we decided to create a buffer of vital components in order to secure that we meet customer delivery commitments. In the quarter this had a material impact on inventory levels and therefore Free cash flow before M&A amounted to -1.7 (+1.6) b. We expect elevated inventory levels to remain in the next few quarters.
We are well positioned to continue our strategic journey. The mobile infrastructure business will remain our core and we will not spare any effort to strengthen our position here. Our ambition is to continue to grow and develop this business based on market growth and market share gains. In the growing enterprise space, we are seeing good traction for our established portfolio with Cradlepoint and Dedicated Networks. We continue to work towards closing the Vonage acquisition in the first half of 2022 and to start developing the Global Network Platform.
With our investments in both our core and enterprise businesses, as well as in our culture, we are determined to continue to make Ericsson a stronger, more resilient company while at the same time put it on a higher growth trajectory. Our key focus is to accelerate the pace towards reaching our long-term target of an EBITA margin of 15–18% and our ambition is to reach this target no later than in 2–3 years.
Börje Ekholm
President and CEO
[1] Sales adjusted for comparable units and currency
NOTES TO EDITORS
You find the complete report with tables in the attached PDF or on www.ericsson.com/investors
Video webcast for analysts, investors and journalists
President and CEO Börje Ekholm and CFO Carl Mellander will comment on the report and take questions at a video webcast at 9:00 AM CEST (8:00 AM BST London, 3:00 AM EDT New York).
To join the webcast, please go to www.ericsson.com/investors
To ask a question, please call:
Sweden: +46 (0)8 566 426 51 (Toll-free Sweden: 0200 883 685)
International/UK: +44 (0)333 300 0804 (Toll-free UK: 0800 358 9473)
US: +1 631 913 1422 (Toll-free US: +1 855 85 70686)
PIN code: 57370869#
Please call in at least 15 minutes before the webcast starts.
The webcast will be available on-demand after the event and can be viewed at www.ericsson.com/investors.
FOR FURTHER INFORMATION, PLEASE CONTACT
Contact person
Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com
Additional contacts
Stella Medlicott, Senior Vice President, Marketing and Corporate Relations
Phone: +46 730 95 65 39
E-mail: media.relations@ericsson.com
Investors
Lena Häggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail: lena.haggblom@ericsson.com
Stefan Jelvin, Director, Investor Relations
Phone: +46 709 86 02 27
E-mail: stefan.jelvin@ericsson.com
Media
Kristoffer Edshage, Director Corporate Media
Phone: +46 722 20 44 46
E-mail: media.relations@ericsson.com
Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com
This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 AM CEST on April 14, 2022.
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SOURCE Ericsson | https://www.1011now.com/prnewswire/2022/04/14/ericsson-reports-first-quarter-results-2022/ | 2022-04-14T08:12:03 | 1 | https://www.1011now.com/prnewswire/2022/04/14/ericsson-reports-first-quarter-results-2022/ |
Next generation lifestyle platform joins the world's most stylish football club with branding on iconic kits and avant-garde collaborations
PARIS, April 14, 2022 /PRNewswire/ -- French sports giant Paris Saint-Germain and GOAT, the global platform for the past, present and future, today announce a major multiyear global partnership that will see GOAT become the new official sleeve partner of the club. In addition to GOAT's presence on the sleeve of the club's men's first team shirts, the partnership will see the two brands collaborating to promote GOAT's premium platform and its offerings to a new generation of football and fashion fans worldwide.
GOAT will join the club as an Official Partner until the end of the current season before becoming the sleeve partner and one of the club's Principal Partners beginning in July 2022. The GOAT brand will be displayed on all of the club's performance kits, including training, warm-up and match apparel.
With innovation at the forefront of both brands, the partnership will introduce first-of-its-kind initiatives, including unique content and collaborations. The partnership will also strengthen each brand's global footprints, reaching a wider audience in key markets.
"We are delighted to welcome GOAT into the Paris Saint-Germain family with this partnership that will see them join the exclusive roster of club partners present on our iconic jerseys," said Marc Armstrong, Chief Partnerships Officer of Paris Saint-Germain. "GOAT is a perfect fit for the club and further supports our position as a leading global sports and lifestyle icon for fans all over the world. Together we will develop exciting and creative experiences to connect with supporters everywhere."
"Paris Saint-Germain is one of the most influential clubs in the world and we're excited to partner with them as we continue to build our global community," said Eddy Lu, Co-Founder and CEO of GOAT Group. "We're not only bringing together two leading lifestyle brands, but uniting a community of athletes, creatives and fans around the world. This partnership plays to each other's strengths, with innovative collaborations in the months and years to come."
A dedicated PSG experience will launch on the GOAT platform, with a selection of Paris Saint-Germain lifestyle apparel and objects from the past, present and future.
GOAT is the global platform for the past, present and future. Since its founding in 2015, GOAT has become the leading and most trusted sneaker marketplace in the world, and has expanded to offer apparel and accessories from select emerging, contemporary and iconic brands. Through its unique positioning between the primary and resale markets, the company offers styles across various time periods on its digital platforms and in its retail locations, while delivering products to over 40 million members across 170 countries.
Paris Saint-Germain football club was created in 1970 and celebrated its 50th anniversary in 2020. Ever since QSI purchased the club in 2011, Paris Saint-Germain has undergone a transformation to become one of the world's top football clubs and global sports brands.
The Club has won 27 trophies in just ten years, for a total 43 in its history, making it the most successful football club in France. Paris Saint-Germain has attracted many great players including Ronaldinho, David Beckham, Zlatan Ibrahimovic, and currently Lionel Messi, Neymar Jr and Kylian Mbappé, some of the best players in the world.
The international popularity of the Club never stops growing. It is now one of the most followed clubs in the world, expanding from zero to a community of over 160 million social media followers in ten years.
This pioneering Club – which includes men's football, women's football, handball and judo squads – made the ground-breaking move to incorporate an Esports team in 2016. Giving back to the community is fundamental to the Club, which has drastically increased the capacity of its Foundation to develop wide-reaching and efficient programs to help underprivileged youngsters.
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SOURCE GOAT Group | https://www.1011now.com/prnewswire/2022/04/14/goat-become-paris-saint-germains-sleeve-partner/ | 2022-04-14T08:12:10 | 0 | https://www.1011now.com/prnewswire/2022/04/14/goat-become-paris-saint-germains-sleeve-partner/ |
LUND, Sweden, April 14, 2022 /PRNewswire/ -- Immunovia, Inc., the American subsidiary of Immunovia AB (Nasdaq Stockholm: IMMNOV), has submitted an application for a Current Procedural Terminology (CPT) Proprietary Laboratory Analyses (PLA) code to the American Medical Association (AMA) for the IMMray PanCan-d test.
A PLA code for IMMray PanCan-d would allow health care professionals to specifically identify IMMray PanCan-d when submitting information and claims to health insurances and payers.
The PLA submission by Immunovia will be reviewed and voted on by the Technical Advisor Group on May 13th during a panel meeting. If approved, the issued PLA code would be published on July 1, 2022, and would be effective on October 1, 2022.
The CPT codes offer doctors and health care professionals a uniform language for coding medical services and procedures. It is the most widely accepted medical nomenclature used in the US to report physician and healthcare professional services including laboratory tests under public and private health insurance programs.
PLA Codes are an addition to the CPT code set approved by the AMA CPT Editorial Panel. They are alpha-numeric CPT codes with a corresponding descriptor for laboratories or manufacturers that want to identify their test more specifically.
For more information, please contact:
Philipp Mathieu
Acting CEO and President
Email: philipp.mathieu@immunovia.com
Tobias Bülow
Senior Director Investor Relations and Corporate Communications
Email: tobias.bulow@immunovia.com
Tel: +46 736 36 35 74
This is information that Immunovia is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:45 CET April 14, 2022.
About Immunovia
Immunovia AB is a diagnostic company with the vision to revolutionize blood-based diagnostics and increase survival rates for patients with cancer.
Our first product, IMMray™ PanCan-d is the only blood test currently available specifically for the early detection of pancreatic cancer. The test has unmatched clinical performance. Commercialization of IMMray™ PanCan-d started in August 2021 in the USA and IMMray™ PanCan-d is offered as a laboratory developed test (LDT) exclusively through Immunovia, Inc. For more information see: www.immunoviainc.com.
Immunovia collaborates and engages with healthcare providers, leading experts and patient advocacy groups globally to make this test available to all high-risk pancreatic cancer groups.
The USA, the first market in which IMMray™ PanCan-d is commercially available, is the world's largest market for the detection of pancreatic cancer with an estimated value of more than USD 4 billion annually.
Immunovia's shares (IMMNOV) are listed on Nasdaq Stockholm. For more information, please visit www.immunovia.com.
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SOURCE Immunovia AB | https://www.1011now.com/prnewswire/2022/04/14/immunovia-cpt-pla-code-submission-immray-pancan-d-test-is-agenda-american-medical-association/ | 2022-04-14T08:12:16 | 1 | https://www.1011now.com/prnewswire/2022/04/14/immunovia-cpt-pla-code-submission-immray-pancan-d-test-is-agenda-american-medical-association/ |
The cause of Jean-Marc Vallée's sudden death has been shared.
The "Big Little Lies" director died at the age of 58 on Christmas Day in Quebec from "a fatal cardiac arrhythmia secondary to severe coronary atherosclerosis," according to a family statement explaining the coroner's report, obtained by Deadline.
Coronary atherosclerosis, or coronary artery disease (CAD), is a common heart disease that occurs when plaque builds up on the walls of the arteries, according to the Centers for Disease Control and Prevention. The disease blocks blood flow to the heart and can result in cardiac arrhythmia, or an irregular heartbeat, which can be fatal.
On April 13, Vallée's sons Alex, 29, and Émile, 25, showed appreciation for the director's fans, saying in a statement that they have received lots of messages about Vallée's "friendship, esteem and respect."
They shared, "We are sincerely grateful and we hope that his creativity will continue to serve as inspiration and guidance to the people in this industry that he was so passionate about."
'Big Little Lies' Stars at the 2020 Golden Globes
Entertainment News
In December, an initial report left Vallée's family unclear about the cause of his death. In a statement obtained by E! News at the time, the family explained his passing "was not caused by the intervention of another party, a voluntary act, or a known disease."
Vallée's two sons, who he shares with ex-wife Chantal Cadieux, previously wrote that they will remember their father as a "generous man, deeply human and who lived life to its fullest."
"He wanted to live a long life and was working on major projects," they said in December. "He was a source of inspiration for many and leaves wonderful memories for those who had the privilege to work with him, to love him and to appreciate his craft."
Vallée is also the director of movies like "Dallas Buyers Club," "Wild" and "C.R.A.Z.Y." His talent won him two 2017 Primetime Emmy Awards for outstanding limited series and outstanding directing for a limited series, receiving the recognition for his work on "Big Little Lies."
The show's cast shared their condolences on social media after news of his death was announced, remembering the moments they shared on set with Vallée.
"Big Little Lies" alum Nicole Kidman posted a series of photos with the late director, writing in the caption, "It's hard to imagine someone as vital, energetic and present as Jean-Marc being gone. I'm shattered. He was at the center of my creative universe and I can't overstate his significance to me.
"Jean-Marc was not only responsible for some of the most rewarding professional experiences of my career, but his friendship, kindness and love were an inspiring force I will carry with me," she added. "I will always cherish those nights filming above the crashing waves of Big Sur ... It doesn't get better than that. I am forever grateful for my time shared with this extraordinary human." | https://www.nbcnewyork.com/entertainment/entertainment-news/big-little-lies-director-jean-marc-vallees-cause-of-death-revealed/3645558/ | 2022-04-14T08:12:17 | 0 | https://www.nbcnewyork.com/entertainment/entertainment-news/big-little-lies-director-jean-marc-vallees-cause-of-death-revealed/3645558/ |
Lucerne intends to vote AGAINST the reelection of Brent Wissink to Management Board, AGAINST the reelection of entire six member supervisory board, AGAINST granting board authority to issue shares and AGAINST the approval of remuneration report
GREENWICH, Conn. and AMSTERDAM, April 14, 2022 /PRNewswire/ -- Lucerne Capital Management, L.P. (Lucerne), a long-term shareholder of Just Eat Takeaway.com (the "Company"), disclosed how it intends to vote at the Company's Annual General Meeting (AGM), which will be held on May 4, 2022.
"Our votes today are intended to send a clear message to the board expressing our disappointment in Just Eat Takeaway.com's financial performance," said Pieter Taselaar, Founding Partner and Portfolio Manager of Lucerne. "There is a clear need for significant change to propel the company to reach its full potential."
Lucerne's full intentions on how it will vote at the AGM are as follows:
Proposal 1 - Open Meeting
- Vote: None
Proposal 2a - Receive Report of Management Board (Non-Voting)
- Vote: None
Proposal 2b - Approve Remuneration Report
- Lucerne intends to vote against.
- Rationale: Lucerne believes a vote "against" is appropriate, as the 2021 remuneration itself is not in line with the overall performance of the Management Board and the Supervisory Board.
Proposal 2c - Adopt Financial Statements and Statutory Reports
- Lucerne intends to vote for.
- Rationale: a vote "for" given the current absence of a reason to doubt the Company's audit procedures or its auditors.
Proposal 3 - Amend Remuneration Policy for Management Board
- Lucerne intends to abstain from voting.
Proposal 4a - Approve Discharge of Management Board
- Lucerne intends to vote against.
- Rationale: Lucerne inter alia believes that Management Board's communication with shareholders on various important issues has been poor.
Proposal 4b - Approve Discharge of Supervisory Board
- Lucerne intends to vote against.
- Rationale: Lucerne believes that the Supervisory Board is inter alia co-responsible for poor communication by the Management Board.
Proposal 5a - Reelect Jitse Groen to Management Board
- Lucerne intends to abstain from voting.
Proposal 5b - Reelect Brent Wissink to Management Board
- Lucerne intends to vote against.
- Rationale: Lucerne believes that Mr. Wissink is co-responsible for inter alia poor communication with shareholders.
Proposal 5c - Reelect Jorg Gerbig to Management Board
- Lucerne intents to vote for.
Proposal 6a up to and including 6f- Reelection of the members of the Supervisory Board
- Lucerne intends to vote against.
- Rationale: Lucerne believes that is in the Company's best interest that the current Supervisory Board should be replaced, due to said communication issues.
Proposal 7 - Grant Board Authority to Issue Shares
- Lucerne intends to vote against.
- Rationale: current share price is not attractive.
Proposal 8 - Authorize Board to Exclude Preemptive Rights from Share Issuances
- Lucerne intends to vote against.
- Rationale: potential dilution in relation to the current none-attractive share price.
Proposal 9 - Authorize Repurchase of Up to 10 Percent of Issued Share Capital
- Lucerne intends to vote for.
Proposal 10 - Other Business (Non-Voting)
- Vote: None
Proposal 11 - Close Meeting
- Vote: None
Lucerne Capital Management, founded in 2000 and co-managed by Pieter Taselaar and Thijs Hovers, is an investment firm specializing in bottom-up stock selection with a focus on European markets.
Media Contacts
Steve Bruce/Taylor Ingraham
ASC Advisors
+1 203 992 1230
sbruce@ascadvisors.com / tingraham@ascadvisors.com
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SOURCE Lucerne Capital Management | https://www.1011now.com/prnewswire/2022/04/14/lucerne-capital-management-discloses-vote-may-4th-just-eat-takeawaycom-annual-general-meeting/ | 2022-04-14T08:12:23 | 1 | https://www.1011now.com/prnewswire/2022/04/14/lucerne-capital-management-discloses-vote-may-4th-just-eat-takeawaycom-annual-general-meeting/ |
With a suspected gunman behind the Brooklyn subway shooting in custody, attention has now pivoted to not only how the attack could have happened, but how the suspect could have gotten away so easily and undetected.
An MTA surveillance camera in the Sunset Park station wasn't working at the time of the shooting that left 10 people shot and more than a dozen more hurt, three sources said.
It's not clear why that was the case, but officials say there were "a lot of different options" from cameras elsewhere on the subway line to get a glimpse of the shooter.
The MTA didn't provide any information as to why the surveillance camera would not be functioning properly, which in part allowed suspect Frank James to slip away after the shooting, seemingly undetected by police and officials.
In an effort to illustrate to riders that the subway is safe, MTA Chairman Janno Lieber said there was more than enough video evidence to help the NYPD make an arrest.
"We have 600 cameras on the line just in Brooklyn, over 10,000 in the system, way, way up from where it was a couple years ago. So we have a lot of video," Lieber said in an interview on NSNBC's "Morning Joe."
He went on to say that the agency and police "have video now of three angles of this fellow ... entering the system obviously with a lot of material."
New York City Mayor Eric Adams deflected any notion that he or the police department should have had cameras in the station, noting that the cameras are controlled by the MTA, which is under the control of the state.
"They are cooperating with us, to assist us in finding out what happened at the train station. We don't have a full understanding of that as of this moment, but that is the control of the MTA. They have been extremely cooperative. We thank them for that," Adams said.
When asked if the cameras should be under the NYPD's system, Adams again pointed to the state, saying the governor would have to make that call.
"Anytime you have an incident like this and review, you look at what are the best practices and what we can do better. We need to learn from any issue of this magnitude," he said.
But it doesn't all come down to cameras, as the mayor has previously hinted at having gun-detecting technology added to subway stations. That kind of tech is currently used in places like ballparks and stadiums, and on Wednesday, Adams said he would continue looking into technology that "can help keep people equal safe during this new climate of over-proliferation of guns."
Adams said the new devices are not like ones used at airports, but rather can be added without people even knowing that they are present.
"You just walk normally through the system. It is not even detectable that the devices are there," the mayor said. "We think there's some great promise in this technology. We are going to continue to explore that."
When asked about safety in the subway, Lieber said that the agency does not want to "create an environment where people can't go about their business and create something that's impractical." He noted that many people carry backpacks and other bags onto the subway every day, and that some devices would impede on their ability to get around quickly and easily.
Lieber, who said that they would not let the subway "be taken over by maniacs," called for more cops on subways and platforms in order to help those who feel vulnerable.
Police and security officials have made many attempts to harden the city against such attacks, putting officers on trains and platforms, installing cameras and even doing rare spot checks for weapons on passengers entering some stations. Yet the sprawling system, with nearly 500 stations, largely remains like the city streets themselves: Too big to guard and too busy to completely secure.
Even before the attack, the mayor had vowed to increase subway patrols and launch sweeps of subway stations and trains to remove homeless people using them as shelters.
In the 1980s, New York City’s subways were a symbol of urban disorder: graffiti-covered, crime-plagued and shunned by tourists. Like the rest of the city, though, the subways have since cleaned up their act.
Before COVID-19 hit, the main problem with the trains wasn’t crime but overcrowding and breakdowns related to aging infrastructure.
Christopher Herrmann, a former city police officer who is now a professor at the John Jay College of Criminal Justice, said episodes like Tuesday's are bound to provoke a new round of anxiety, especially among subway riders.
“With 9/11, you have a specific target: the World Trade Center,” Herrmann said. “A lot of people can wrap their heads around that.”
But the seeming randomness of Tuesday's attack “really invokes a lot of fear and worry,” he said, “because most people don’t consider themselves a target.” | https://www.nbcnewyork.com/news/local/after-brooklyn-subway-shooting-many-left-asking-why-werent-station-cameras-working/3645557/ | 2022-04-14T08:12:24 | 1 | https://www.nbcnewyork.com/news/local/after-brooklyn-subway-shooting-many-left-asking-why-werent-station-cameras-working/3645557/ |
For 28 hours, the manhunt consumed New York City — and Lee Vasu was there to see it come to an end.
"I turned to my wife and said 'That’s the shooter, sweetheart we need to go now, get the baby and go," he told NBC New York.
It was lunchtime Wednesday in the East Village when Vasu came within feet of Frank James, the suspected gunman accused of carrying out the Brooklyn subway attack that left 10 people shot and even more injured. Vasu's first thought: the safety of his family.
"I got them out of there, that was my first instinct. I was worried, I didn’t want to take my phone out of my pocket, the guy had a duffle bag," he said. "I kept my eye on him the whole time so he wouldn’t escape. When he was right near us, he was six or seven feet from me, he was mumbling to himself. He didn’t seem right … he said eff the FBI, he was arguing with himself."
Vasu quickly flagged down a nearby officer. By then, enough witnesses were on to the 62-year-old suspect. It was soon over.
"People were walking behind him, I said, 'Guys, stay away from him, trust me — this is the guy!' I see the police walking from over there, I said 'This is the guy, catch him, catch him!' Thank god, we catch him," said Zack Tahhan, who said he also helped flag down officers.
"Before I knew it…all of a sudden, they had the guy in handcuffs, totally calm," another witness to the arrest said.
Mayor Eric Adams thanked the NYPD and federal agents who helped haul the suspect in — which in turn, helped calm the nerves of a city on edge.
"We got him! We got him!” Adams said.
NBC New York first obtained surveillance video of what police believe is the suspect wearing a construction vest, entering a Brooklyn subway station Tuesday, hours before the attack onboard the train. Sources said cameras at the 36th Street stop were not working, but the MTA credits the ones that were for helping in the investigation.
"We have 600 cameras on the line just in Brooklyn, over 10,000 in the system, way, way up from where it was a couple years ago. So we have a lot of video," Lieber said in an interview on NSNBC's "Morning Joe."
A motive remains unclear but James' arrest brought a sense of relief to New Yorkers, happy to know he’s off the streets.
"I'm happy for New York City because we don’t need these maniacs on the streets, we want to ride the subway safely," Vasu said. | https://www.nbcnewyork.com/news/local/hear-from-nyers-who-flagged-down-police-and-alerted-them-to-brooklyn-subway-shooter/3645602/ | 2022-04-14T08:12:30 | 0 | https://www.nbcnewyork.com/news/local/hear-from-nyers-who-flagged-down-police-and-alerted-them-to-brooklyn-subway-shooter/3645602/ |
DENVER, April 13, 2022 /PRNewswire/ -- Magellan, a leader in providing turnkey services for building fiber and broadband networks, has submitted another round of broadband grant applications for its clients across state and federal programs in the first quarter of 2022. Covering over 150,000 premises across six states, these grants will bring fiber-to-the-home (FTTH) services to underserved communities across the U.S.
Magellan's Grants Division spent six months positioning rural and urban organizations to take advantage of these programs, allowing them to accelerate their deployment of FTTH services. Magellan is their turnkey partner to secure funding, design networks, manage construction and ensure compliance with grant programs.
"Today's funding landscape is stronger than ever. Cooperatives, tribes, municipalities, and telcos have unique opportunities to secure federal and state funds through programs that were not previously available to them," says Magellan CEO John Honker. "These programs support not only rural communities, but also urban centers that traditionally have not qualified for grants.
"Our Grants Division works across all funding programs with staff that have their fingers on the pulse of federal funding agencies and their state counterparts. We manage these complex programs for our clients, allowing them to capture state and federal dollars but without all the challenges that come with grant funding."
To date, Magellan has secured and managed over $300 million in broadband funding for public organizations across the U.S. and Canada.
About Magellan
Magellan provides planning, engineering, grant development, implementation, and management of the fastest, most technologically advanced fiber and broadband networks. Our mission is to connect every community, one at a time, to the digital economy so that no one is left behind. Our goal is to deliver practical broadband solutions that our clients can implement in their communities. Through Magellan's services, more than $1 billion in new broadband investments has connected more than 1,000 schools, hospitals, libraries and governments and passed nearly 1 million homes with fiber-optic broadband. Learn more at www.magellan-advisors.com.
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SOURCE Magellan Advisors | https://www.1011now.com/prnewswire/2022/04/14/magellan-submits-over-400-million-broadband-grant-applications-cooperatives-tribes-municipalities-amp-independent-telcos/ | 2022-04-14T08:12:30 | 1 | https://www.1011now.com/prnewswire/2022/04/14/magellan-submits-over-400-million-broadband-grant-applications-cooperatives-tribes-municipalities-amp-independent-telcos/ |
HANGZHOU, China, April 14, 2022 /PRNewswire/ -- Hikvision, an IoT solution provider with video as its core competency, has extended its global warranty on premium project products to 5 years. The new, 5-year warranty will further support Hikvision customers with easy project maintenance and increased cost efficiency.
A wide range of Hikvision product lines are covered by the new, 5-year warranty, including Hikvision Panoramic network cameras, DeepinView and Ultra Series cameras, DeepinMind and Ultra Series NVRs; and a number of explosion-proof and anti-corrosion cameras. A full list of products covered by the warranty is available here.
The newly extended warranty will apply automatically for all premium project orders shipped from Hikvision to the original buyer from 1st January 2022. It will also apply in all countries worldwide.
Trust for the long term
The new 5-year warranty provides even greater peace of mind and cost-control assurances for Hikvision customers, further extending confidence in Hikvision products and brand.
Frank Zhang, President of Hikvision's International Product and Solution Center, says: "We are committed to delivering superior product quality and service to our customers, and the new 5-year warranty is the proof. The extended warranty gives our customers an assurance of quality and reliability, which translates into peace of mind, cost transparency, and a stronger, longer-lasting partnership with Hikvision."
About Hikvision
Hikvision is an IoT solution provider with video as its core competency. Featuring an extensive and highly skilled R&D workforce, Hikvision manufactures a full suite of comprehensive products and solutions for a broad range of vertical markets. In addition to the security industry, Hikvision extends its reach to smart home tech, industrial automation, and automotive electronics industries to achieve its long-term vision. Hikvision products also provide powerful business intelligence for end users, which can enable more efficient operations and greater commercial success. Committed to the utmost quality and safety of its products, Hikvision encourages partners to take advantage of the many cybersecurity resources Hikvision offers, including the Hikvision Cybersecurity Centre. For more information, please visit us at www.hikvision.com.
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SOURCE Hikvision Digital Technology | https://www.1011now.com/prnewswire/2022/04/14/new-hikvision-5-year-global-warranty-premium-project-oriented-products/ | 2022-04-14T08:12:37 | 0 | https://www.1011now.com/prnewswire/2022/04/14/new-hikvision-5-year-global-warranty-premium-project-oriented-products/ |
Police say they are looking for a man involved in sexually abusing a 59-year-old woman on a street curb on March 31st.
Investigators say around 2 a.m. in the East Flatbush section of Brooklyn, a man on a motorized scooter stopped in front of the victim who was walking with a bag in hand.
He slapped her in the face, knocking her down, and rode away on his scooter, but soon returned. She was still struggling to get up from the ground while he approached again and proceeded to sexually abuse her.
Video released by investigators shows multiple vehicles drove by while the incident unfolded, but no one intervened. Afterward, the suspect got back on his scooter and fled on Church Avenue.
The victim refused medical care at the scene.
Anyone with information in regard to this incident is asked to call the NYPD's Crime Stoppers Hotline at 1-800-577-TIPS (8477) or for Spanish, 1-888-57-PISTA (74782). The public can also submit their tips by logging onto the CrimeStoppers website at https://crimestoppers.nypdonline.org/ or on Twitter @NYPDTips.
All calls are strictly confidential. | https://www.nbcnewyork.com/news/local/scooter-rider-sought-in-brooklyn-sex-assault/3645560/ | 2022-04-14T08:12:37 | 0 | https://www.nbcnewyork.com/news/local/scooter-rider-sought-in-brooklyn-sex-assault/3645560/ |
Photography News: Nikon has released full details of firmware 2.0 for the Z9, unlocking an impressive array of video specs
NEW YORK, April 14, 2022 /PRNewswire/ -- B&H is pleased to announce firmware version 2.0 for the Nikon Z9 Mirrorless Camera. This is an enormous update with the headline feature being the addition of internal raw video formats at up to 8K.
Cinema Upgrades
This update has a heavy focus on video improvements:
- N-RAW recording at up to 8.3K 60p or 4.1K 120p (full-frame)
- ProRes RAW recording up to 4.1K 60p
- UHD 4K 60p recordings will oversample from the 8K image area for improved image quali
- Waveform monitor function for real-time exposure analysis
- Red "Rec" frame indicator
- Dedicated video info display shows dedicated settings, such as frame size, codec, and more.
- Top control panel shows some video-specific info.
- Fine ISO Control for adjusting exposure in 1/6 EV steps
- Fast AF-ON is assignable to custom buttons; two different AF speeds can be set to different controls.
- Slow shutter speed video of slower than 1/frame rate for working in extreme darkness or to intentionally introduce blur
Photo Upgrades
While not as many upgrades came to the photo side of the Z9 there are some impressive new additions:
- Pre-release Capture function will pre-record up to 1 second of burst images before your press the shutter.
- Select between 20 types of Custom Wide-Area AF patterns.
- General AF performance has been improved.
- During image review users can skip to the first shot in each burst.
- Motion Blend function will merge a series of images to create a composite all in camera.
- Long Exposure display shows a live count of exposure time and the viewfinder now can be dimmed even further.
General Upgrades
Beyond the improvements to the video and photo pipelines, Nikon has taken care to improve general functionality of the Z9.
- Real Live Viewfinder can be set to a 120 fps refresh rate.
- Auto Exposure has improved consistency with human faces.
- Prioritize Viewfinder mode mimics the DSLR shooting experience.
- AWD improvements with rapid scene changes.
- Focus Point Select Speed custom setting for tuning speed points can move through frame.
- Shutter release indicators appear more clearly on displays.
- Enhanced memory set/recall function includes instant recall of several focus positions.
- Recalling shooting functions (hold) is added to conventional recalling shooting function so there is no need to hold the button.
- Option to switch focus/control ring roles
This firmware update is providing almost as many new features as a true Mark II release would've brought. If you already have a Z9, please be sure to visit Nikon's Support Page for additional details when the update becomes available.
Please note that supply of the Nikon Z9 is highly constrained, and any orders will be filled on a first-come-first-served basis.
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https://www.bhphotovideo.com/explora/videos/video/nikon-z9-firmware-v20-unleashes-the-cameras-full-cinema-potential
Nikon Z9 Firmware V2.0 Unleashes the Camera's Full Cinema Potential
https://youtu.be/OIGixb4sl8E
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SOURCE B&H Photo | https://www.1011now.com/prnewswire/2022/04/14/nikon-z9-camera-v20-firmware-offers-major-upgrades-video-more-info-bamph/ | 2022-04-14T08:12:43 | 1 | https://www.1011now.com/prnewswire/2022/04/14/nikon-z9-camera-v20-firmware-offers-major-upgrades-video-more-info-bamph/ |
Polly Glover realized her son had asthma when he was 9 months old. Now 26, he carries an inhaler in his pocket whenever he’s out and about in Prairieville, Louisiana, part of Ascension Parish.
“He probably needs to leave Ascension quite frankly,” Glover says, but he hasn’t because “this is his home and this is our family and this is our community.”
The parish is part of the 85-mile (137-kilometer) span between New Orleans and Baton Rouge officially called the Mississippi River Chemical Corridor, more commonly known as Cancer Alley. The region's air quality is some of the worst in the United States, and in several places along the corridor, cancer risks are much higher than levels considered acceptable by the U.S. Environmental Protection Agency.
Glover says the air is “terrible” where she lives, but there’s also great biodiversity — osprey, eagles, migratory birds, deer, rabbits, fish and alligators — among the region's lakes, rivers and wetlands. The environmental advocate has been working for 30 years to preserve the place she’s loved since childhood.
That’s why she is wary of anything that might make air quality worse or threaten wildlife — and her biggest fear now is that a $4.5 billion plant designed to capture climate-changing carbon and make clean-burning hydrogen fuel will actually do more harm to the Lake Maurepas basin.
The blue hydrogen energy plant is slated to be built and operated by Air Products and Chemicals, a multinational petrochemical company. The company says the plant will capture airborne carbon emissions created during production and put them safely underground — a process called carbon capture and storage.
“Sometimes I think people think you’re kind of bubbling this in at the bottom of the lake,” said Simon Moore, vice president of investor relations, corporate relations and sustainability at Air Products. “You know, this is a mile below the Earth’s surface, where the geological formation of the rock has this porous space, which simply absorbs the CO2.”
Still, Glover is worried. “I’m not a scientist. I’m a mom who cares,” she said. “We have got to be better stewards of the environment and while reducing carbon emissions is necessary, injecting them into the basin is not the answer.”
More Carbon Capture Coverage
There are several other carbon capture and storage projects proposed or in the works throughout the U.S., including in Louisiana, Texas, Minnesota, Michigan, Iowa and California. Companies behind them maintain they can successfully remove carbon from the air to reduce pollution, then safely transport and store the carbon underground — or do both.
In some cases, oil and gas companies are banking on this new technology to either help build new profit centers, such as plants that make hydrogen, or extend the lifespan of their fossil fuel facilities.
Carbon capture and storage projects are gaining traction since Congress approved $3.5 billion for them last year. The Global CCS Institute, a think tank seeking to advance these projects globally, called it the “single largest appropriation of money for CCS in the history of the technology.”
In the latest report from the United Nations Intergovernmental Panel on Climate Change, the world's top scientists said carbon capture and storage technology has to be part of the range of solutions to decarbonize and mitigate climate change. But they said solar and wind energy and electricity storage are improving faster than carbon capture and storage.
Opponents of carbon capture and storage maintain the technology is unproven and has been less effective than alternatives such as solar and wind at decarbonizing the energy sector.
“Carbon capture is neither workable nor feasible,” said Basav Sen, climate justice policy director for the Institute for Policy Studies, a progressive think tank based in Washington, D.C. “It’s merely an excuse for the fossil fuel industry to keep operating the way it does.”
A study in late 2020 by researchers from the University of California, San Diego, found over 80% of 39 projects that have sought to commercialize carbon capture and storage ended in failure. The study cited a lack of technological readiness as a top factor.
But even if the technology was deployed successfully, several critics say the projects would pose threats to the public health of communities long plagued by air and water pollution.
First, they said any project that prolongs the lifespan of an existing industrial facility presents additional environmental harm by extending the amount of time it pollutes a community, which the IPCC report confirms.
Second, they noted that since carbon capture would require more energy to power the equipment, it would result in more air pollution because the technology can only catch a portion of the carbon emitted by a facility.
Howard Herzog, a senior research engineer at the Massachusetts Institute of Technology and pioneer of carbon capture and storage technology, disputed this in an interview with the Associated Press. But he acknowledged there is a risk in transporting and storing carbon.
In 2020, a pipeline carrying compressed carbon dioxide ruptured in the town of Satartia, Mississippi, which caused over 40 people to get hospital treatment and more than 300 to evacuate. The incident is cited by experts, advocates and residents who live near proposed carbon capture and storage projects to illustrate the potential dangers of transporting carbon long distances.
Injecting carbon underground for storage could end up contaminating aquifers, according to Nikki Reisch, director of the climate and energy program for the Center for International Environmental Law.
Over 500 environmental organizations, including the law center, signed an open letter published in the Washington Post in July 2021, calling carbon capture and storage a “false solution.”
In response, the Carbon Capture Coalition, which advocates the technology, released its own letter in August with over 100 signatories. They pressed Congress to include investment in carbon capture and storage in any upcoming legislation.
Matt Fry, a state and regional policy manager with the Great Plains Institute, a Minneapolis-based climate and energy think tank, told AP the technology is essential to meeting mid-century climate goals.
“The potential for a completely decarbonized, electrified world is a reality,” Fry said. “But we’re going to need to transition to get there. And it’s going to require carbon capture to address those emissions.”
At the point of capture, Herzog said, the technology poses a “very low” threat to public health. “There's always a chance of some mishaps,” he added, “but on the overall scale of chemical plants, (the technology) is fairly benign.”
Still, residents near proposed projects worry.
In California's Central Valley agricultural region, Chevron, Microsoft and Schlumberger New Energy are collaborating to build a facility in the town of Mendota that will create energy by converting agricultural waste into carbon monoxide and hydrogen gas, then mixing it with oxygen to generate electricity with the promise of capturing 99% of the carbon from the process.
Chevron said it plans to inject the carbon “underground into nearby deep geologic formations."
That's concerning for Nayamin Martinez, who lives in the valley and is the director of the Central California Environmental Justice Network. “That worries us a lot,” she said. “What does that mean in terms of risk for contamination of drinking water?”
Creighton Welch, a spokesperson for Chevron, said the process they plan to use is safe. “CO2 capture, injection, and storage are not new technologies and have been conducted safely for decades,” Welch said.
Back in Louisiana, Glover and other residents also fear carbon capture technology will affect the water. The carbon dioxide captured at the Air Products and Chemicals facility will be stored in sites such as under Lake Maurepas, an important wetland.
Kim Coates, who lives on the lake's northeast side, said it's a buffer between the Gulf of Mexico and residents. But she said she's witnessed generations of destruction to that ecosystem through industrial development and, more recently, hurricanes and tropical storms.
Now Coates fears more of the same if carbon is stored under the lake. “We’ve seen the destruction over time with no one looking forward to what was going to happen in the future,” she said.
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content. | https://www.nbcnewyork.com/news/national-international/battle-over-carbon-capture-as-tool-to-fight-climate-change/3645591/ | 2022-04-14T08:12:43 | 0 | https://www.nbcnewyork.com/news/national-international/battle-over-carbon-capture-as-tool-to-fight-climate-change/3645591/ |
STOCKHOLM, April 14, 2022 /PRNewswire/ -- The shareholders of Calliditas Therapeutics AB (publ), Reg. No. 556659-9766, with registered office in Stockholm, are summoned to the annual general meeting on Thursday 19 May 2022.
With reference to the Swedish Act (2022:121) on temporary exceptions to facilitate the execution of general meetings in companies and other associations, the Board of Directors has decided that the annual general meeting will be conducted by advance voting only, without physical presence of shareholders, proxies and third parties.
Calliditas Therapeutics welcomes all shareholders to exercise their voting rights at the annual general meeting through advance voting according to the procedure set out below. Information on the resolutions passed at the annual general meeting will be published on 19 May 2022, as soon as the result of the voting has been finally confirmed.
In the advance voting form, the shareholders may request that a resolution on one or several of the matters on the proposed agenda below should be deferred to a so-called continued general meeting, which cannot be conducted solely by way of advance voting. Such continued general meeting shall take place if the annual general meeting so resolves or if shareholders with at least one tenth of all shares in the company so request. The shareholders are reminded of their right to request information in accordance with Section 23 of the Swedish Act (2022:121) on temporary exceptions to facilitate the execution of general meetings in companies and other associations and if the Board of Directors determines it can be done without significant harm to the company, the Board of Directors and the CEO shall provide information on circumstances that may affect the assessement of the company's or its subsidiaries' (together the "Group") financial situation and the company's relation to another company within the Group. A request for such information shall be made in writing to Calliditas Therapeutics, att. Fredrik Johansson, Kungsbron 1 D5, SE-111 22 Stockholm, Sweden, or by e-mail to fredrik.johansson@calliditas.com no later than on 9 May 2022.
Participation, etc.
Shareholders who wish to participate, through advance voting, in the meeting must:
- be recorded in the share register maintained by Euroclear Sweden AB relating to the circumstances on Wednesday 11 May 2022, and
- give notice of participation by casting their advance votes in accordance with the instructions under the heading "Advance voting" below, so that the advance voting form is received by Euroclear Sweden AB no later than on Wednesday 18 May 2022.
Shareholders whose shares are registered in the name of a nominee through a bank or a securities institution must temporarily re-register their shares in their own names to be entitled to participate in the meeting. Such registration, which may be temporary (so-called voting rights registration), must be duly effected in the share register maintained by Euroclear Sweden AB on Friday 13 May 2022, and the shareholders must therefore advise their nominees well in advance of this date.
Advance voting
The shareholders may only exercise their voting rights at the annual general meeting by voting in advance, so-called postal voting, in accordance with Section 22 of the Swedish Act (2022:121) on temporary exceptions to facilitate the execution of general meetings in companies and other associations. A special form shall be used for advance voting. The form is available on the company's website, www.calliditas.se. The advance voting form is considered as the notification of participation.
The completed voting form must be received by Euroclear Sweden AB no later than Wednesday 18 May 2022. The form may be submitted via e-mail to GeneralMeetingService@euroclear.com or by post to Calliditas Therapeutics AB (publ), annual general meeting 2022, c/o Euroclear Sweden, Box 191, SE-101 23 Stockholm. Shareholders may also cast their advance votes electronically through BankID verification via https://anmalan.vpc.se/EuroclearProxy/.
If the shareholder votes in advance by proxy, a signed and dated power of attorney shall be enclosed to the form. If the shareholder is a legal entity, a certificate of incorporation or a corresponding document shall be enclosed to the form. The shareholder may not provide special instructions or conditions in the voting form. If so, the vote (i.e. the advance vote in its entirety) is invalid. Further instructions and conditions are included in the form for advance voting.
For questions regarding the annual general meeting or to have the advance voting form sent by post, please contact Euroclear Sweden AB, by telephone +46 8 402 91 33 (Monday-Friday 09:00-16:00 CEST).
Number of shares and votes
As per the date of this notice there are a total of 53,172,170 shares outstanding in the company that entitle to one vote per share at the general meeting. As per the date of this notice the company holds no treasury shares.
Proposed agenda
1. Election of a chairman of the meeting
2. Election of one or two persons to approve the minutes
3. Preparation and approval of the voting register
4. Approval of the agenda
5. Determination of whether the meeting was duly convened
6. Presentation of the annual report and auditor's report and the consolidated financial statements and auditor's report for the Group
7. Resolutions regarding:
a. Adoption of the income statement and balance sheet and the consolidated income statement and consolidated balance sheet,
b. Allocation of the company's profit or loss according to the adopted balance sheet, and
c. Discharge from liability for board members and the CEO
8. Determination of the number of members of the Board of Directors and the number of auditors
9. Determination of remuneration for the Board of Directors and the auditors
10. Election of the Board of Directors
11. Election of chairman of the Board of Directors
12. Election of accounting firm or auditors
13. Resolution on principles for appointing the nomination committee
14. Resolution on approval of the Board of Directors' remuneration report
15. Resolution to authorize the Board of Directors to resolve on issue of new shares, warrants and/or convertibles
16. Resolutions, in order to facilitate implementation of and delivery of shares under a contemplated At-the-market program (the "ATM Program"), to:
a. Amend the articles of association
b. Authorize the Board of Directors to resolve on issue of new C-shares
c. Authorize the Board of Directors to resolve on purchase of C-shares, and
d. Authorize the Board of Directors to resolve on transfer of own ordinary shares
17. Resolution, in order to adopt a long-term performance-based incentive program for members of the Board of Directors, on:
a. Adoption of a long-term performance-based incentive program for members of the Board of Directors
b. Issue of warrants
c. Equity swap agreement with a third party
18. Resolution, in order to adopt a long-term incentive program for the company's management and key personnel, on:
a. Adoption of a long-term incentive program for the company's management and key personnel
b. Issue of warrants
c. Equity swap agreement with a third party
Item 1, 8-12 – The nomination committee's proposal to the annual general meeting 2022
The nomination committee of Calliditas Therapeutics, which consists of Karl Tobieson (Linc AB) (chairman of the nomination committee), Elmar Schnee (chairman of the Board of Directors), Patrik Sobocki (Stiftelsen Industrifonden) and Pär Sjögemark (Handelsbanken Fonder) proposes the following:
- that Dain Hård Nevonen, member of the Swedish Bar Association, shall be appointed chairman at the annual general meeting.
- that the number of members of the Board of Directors shall be six (6) without deputies.
- that the number of auditors shall be one (1) without deputies
- that the directors' fee shall be paid with SEK 900,000 (850,000) to the chairman of the Board of Directors and SEK 350,000 (300,000) to each one of the other members who are not employed in the Group, SEK 200,000 (150,000) to the chairman of the audit committee and SEK 100,000 (75,000) to the other members of the audit committee who are not employed in the Group as well as SEK 50,000 (50,000) to the chairman of the remuneration committee and SEK 25,000 (25,000) to the other members of the remuneration committee who are not employed in the Group. In addition to the above-proposed remuneration for ordinary board work, it is proposed that board members residing in the United States shall receive an additional amount of SEK 140,000 (140,000) and that board members residing in Europe, but outside the Nordics, shall receive an additional amount of SEK 50,000 (50,000).
- that the fee to the auditor shall be paid in accordance with approved statement of costs.
- that the board members Elmar Schnee, Hilde Furberg, Diane Parks and Molly Henderson are re-elected as board members and that Henrik Stenqvist and Elisabeth Björk are elected as new board members, for the period up until the end of the next annual general meeting. Lennart Hansson has declined re-election.
Information on the proposed new board members
Henrik Stenqvist, born in 1968. Henriks Stenqvist holds a degree in Finance and Business Administration from University of Linköping. Henrik has served as CFO of several listed life science companies and currently, he is the CFO of SOBI. Previous positions include CFO at Recipharm, CFO at Meda, Regional Finance Director at AstraZeneca, Finance Director at Astra Export & Trading and Board member of MedCap AB. Henrik Stenqvist holds 2,500 shares in Calliditas Therapeutics and is considered to be independent of Calliditas Therapeutics and its management as well as of Calliditas Therapeutics' larger shareholders.
Elisabeth Björk, born in 1961. Elisabeth Björk is an endocrinologist by training and an associate professor of medicine at Uppsala University, Sweden. Elisabeth Bjӧrk is the Senior Vice President, Head of Late-stage Development, Cardiovascular, Renal and Metabolism (CVRM), BioPharmaceuticals R&D at AstraZeneca leading the global development of medicines within this area. Throughout her career at AstraZeneca, she has gained broad drug development experience covering clinical development phase I-IV, large outcomes programs, major global filings and health authority interactions (FDA, EMA, Japan) and commercial strategy/implementation. Elisabeth Björk holds no shares in Calliditas Therapeutics and is considered to be independent of Calliditas Therapeutics and its management as well as of Calliditas Therapeutics' larger shareholders.
- that Elmar Schnee is re-elected chairman of the Board of Directors.
- that Ernst & Young AB is re-elected, in accordance with the audit committee's recommendation. Should Ernst & Young AB be re-elected, the nomination committee notes that Ernst & Young AB has communicated that Anna Svanberg will be re-elected as the auditor in charge.
- that the principles for appointing the nomination committee are left unchanged from the previous year.
A presentation of the individuals proposed for reelection is available at www.calliditas.se/en/.
Item 2 – Election of one or two persons to approve the minutes
The Board of Directors proposes that Patrik Sobocki (Stiftelsen Industrifonden) and Karl Tobieson (Linc AB), or if one or both of them have an impediment to attend, the person or persons instead appointed by the Board of Directors, are elected to approve the minutes of the annual general meeting together with the chairman. The task of approving the minutes of the annual general meeting also includes verifying the voting register and that the advance votes received are correctly stated in the minutes of the annual general meeting.
Item 3 – Preparation and approval of the voting register
The voting register proposed for approval is the voting register drawn up by Euroclear Sweden AB on behalf of Calliditas Therapeutics, based on the annual general meeting's share register and advance votes received, as verified and recommended by the persons approving the minutes.
Item 7b – Allocation of the company's profit or loss according to the adopted balance sheet
The Board of Directors proposes that no dividends shall be paid for the financial year 2021 and that that SEK 1,203,117 thousand is carried forward.
Item 13 – Resolution on principles for appointing the nomination committee
The nomination committee proposes that the annual general meeting resolves that the principles for appointing the nomination committee shall be left unchanged from the previous year, in accordance with the below.
The nomination committee shall be composed of the chairman of the Board of Directors together with one representative of each of the three largest shareholders, based on ownership in the company as of the expiry of the third quarter of the financial year. Should any of the three largest shareholders renounce its right to appoint one representative to the nomination committee, such right shall transfer to the shareholder who then in turn, after these three, is the largest shareholder in the company. The Board of Directors shall convene the nomination committee. The member representing the largest shareholder shall be appointed chairman of the nomination committee, unless the nomination committee unanimously appoints someone else.
Should a shareholder having appointed a representative to the nomination committee no longer be among the three largest shareholders at a point in time falling three months before the annual general meeting at the latest, the representative appointed by such shareholder shall resign and the shareholder who is then among the three largest shareholders shall have the right to appoint one representative to the nomination committee. Unless there are specific reasons otherwise, the already established composition of the nomination committee shall, however, remain unchanged in case such change in the ownership is only marginal or occurs during the three month period prior to the annual general meeting. Where a shareholder has become one of the three largest shareholders due to a material change in the ownership at a point in time falling later than three months before the annual general meeting, such shareholder shall however in any event have the right to take part of the work of the nomination committee and participate in its meetings. Should a member resign from the nomination committee before his or her work is completed, the shareholder who has appointed such member shall appoint a new member, unless that shareholder is no longer one of the three largest shareholders, in which case the largest shareholder in turn shall appoint the substitute member. A shareholder who has appointed a representative to the nomination committee shall have the right to discharge such representative and appoint a new representative.
Changes to the composition of the nomination committee shall be announced immediately. The term of office for the nomination committee ends when the next nomination committee has been appointed. The nomination committee shall carry out its duties as set out in the Swedish Code of Corporate Governance.
Item 14 – Resolution on approval of the Board of Directors' remuneration report
The Board of Directors proposes that the annual general meeting resolves to approve the remuneration report on remunerations according to Chapter 8, section 53 a of the Swedish Companies Act (2005:551) (the "Companies Act").
Item 15 – Resolution to authorize the Board of Directors to resolve on issue of new shares, warrants and/or convertibles
The Board of Directors proposes that the annual general meeting resolves to authorize the Board of Directors to, at one or several occasions and for the period up until the next annual general meeting, increase the company's share capital by issuing new shares, warrants and/or convertibles. Such share issue resolution may be carried out with or without deviation from the shareholders' preferential rights and with or without provisions for contribution in kind, set-off or other conditions. The authorization may only be utilized to such extent that the number of shares issued under the authorization, or the number of shares created in connection with exercise of warrants or conversion of convertibles, corresponds to a dilution of not more than 15 percent of the total number of shares outstanding at the time of the general meeting's resolution on adoption of the proposed authorization, reduced with the number of shares transferred to ensure delivery of shares under the company's ATM Program in accordance with item 16d below.
The purpose of the authorization is to increase the financial flexibility of the company and the general flexibility of the Board of Directors. Should the Board of Directors resolve on an issue with deviation from the shareholders' preferential rights, the reason for this shall be to finance an acquisition of operations, to procure capital to finance the development of projects or to commercialize the company' s products. Upon such deviation from the shareholders' preferential rights, the new issue shall be made at market terms and conditions.
The CEO shall be authorized to make such minor adjustments to this resolution that may be necessary in connection with the registration.
Item 16 – Resolution, in order to facilitate implementation of and delivery of shares under a contemplated "At-the-market" program (the "ATM Program"), to:
Since 2020, Calliditas has had its shares, in the form of American Depositary Shares ("ADSs"), listed in the United States on The Nasdaq Global Select Market. Calliditas' board of directors has been evaluating the opportunity of launching a so called At-The-Market program ("ATM Program") in the US market. ATM Programs are common among many US listed companies, including Life Science companies. Approximately 70 percent of eligible Life Science Companies in the United States have ATM Programs in place. The board of directors of Calliditas is thus proposing to the shareholders to adopt resolutions to allow for an ATM Program as set out below in this agenda item 16, subject to AGM approval and further resolutions by the board before implementation of the program, however, no assurances can be given that a program will be utilized and the future use of an ATM Program will be evaluated by the Board of Directors taking other potential sources of financing, capital need and shareholder dilution into consideration.
An ATM Program is an efficient and cost-effective method to raise equity in the US market, from time to time, and with significantly lower transactional costs compared to traditional capital raising alternatives. Sales are effected in "at the market" transactions of ADSs on The Nasdaq Global Select Market and/or negotiated transactions in the US subject to applicable US regulations and documentation. Having an ATM Program in place is expected to enable Calliditas to efficiently source capital in the US market, subject to demand and board approval. An ATM Program may also be used to settle reverse enquiries from institutional buyers. An ATM Program, if used, may also increase the liquidity of Calliditas' ADSs in the United States.
16a - Amend the articles of association
The Board of Directors proposes that the annual general meeting resolves to amend the articles of association as follows.
A new section, § 5, together with an updated wording of § 4, is proposed in the articles of association. The new § 5, together with the amended § 4, allows for C-shares to be issued, conversion of C-shares into ordinary shares, redemption and regulates preferential rights.
Following the insertion of a new section, a renumbering of sections is proposed, whereby the previous § 5 becomes § 6 and so on.
The Board of Directors proposes that the CEO shall be authorized to make the minor adjustments to this resolution that may be necessary in connection with their registration.
16b - Authorize the Board of Directors to resolve on issue of new C-shares
The Board of Directors proposes that the annual general meeting resolves to authorize the Board of Directors, during the period until the annual general meeting 2023 on one or more occasions, to increase the company's share capital by not more than SEK 236,321 by the issue of not more than 5,908,019 C-shares, each with a quota value of SEK 0.04. With deviation from the shareholders' pre-emption rights, the participating bank shall be entitled to subscribe for the new C-shares at a subscription price corresponding to the quota value of the shares.
The purpose of the authorization and the reason for the deviation from the shareholders' pre-emption rights in connection with the issue of shares is to ensure delivery of shares to be sold under the company's ATM Program.
16c - Authorize the Board of Directors to resolve on purchase of C-shares
The Board of Directors proposes that the Board is authorized, during the period until the annual general meeting 2023, on one or more occasions, to decide on purchases of up to 5,908,019 C-shares in accordance with purchase offerings directed to all shareholders of C-shares which shall comprise all outstanding C-shares. Repurchases shall be effected at a purchase price corresponding to the quota value of the share. Payment for the acquired C-shares shall be made in cash. The company may purchase maximum so many shares that the company's holding of own shares after the purchase amounts to a maximum of one-tenth of all the shares in the company.
The purpose of the authorization is to ensure delivery of shares to be sold under the company's ATM Program.
16d - Authorize the Board of Directors to resolve on transfer of own ordinary shares
The Board of Directors proposes that the Board of Directors is authorized, during the period until the next annual general meeting, on one or more occasions, to transfer up to 5,908,019 ordinary shares (following the re-classification from C-shares), to be effected outside Nasdaq Stockholm against payment in cash. Such transfers may be effected at a price in cash which corresponds to the market price at the time of the transfer of the Calliditas Therapeutics shares transferred with such deviation as the Board of Directors finds appropriate. The authorization under this item may only be utilized to the extent that the shares transferred by virtue of this authorization, together with any shares issued by virtue of the authorization under item 15 above, do not exceed 20 percent of the total number of shares outstanding at the time of the general meeting's resolution on the proposed authorization.
The purpose of the authorization is to ensure delivery of shares to be sold under the company's ATM Program.
Item 17 – Resolution, in order to adopt a long-term performance-based incentive program for members of the Board of Directors, on:
The nomination committee proposes that the annual general meeting resolves to implement a long-term performance-based incentive program for members of the Board of Directors of Calliditas Therapeutics AB ("Board LTIP 2022") in accordance with items 17a – 17b below. The resolutions under items 17a – 17b below are proposed to be conditional upon each other. Should the majority requirement for item 17b below not be met, the nomination committee proposes that Calliditas Therapeutics shall be able to enter into an equity swap agreement with a third party in accordance with item 17c below and resolutions under items 17a and 17c shall then be conditional upon each other.
Board LTIP 2022 is a program under which the participants will be granted, free of charge, share awards subject to performance vesting ("Share Awards") that entitle to shares in Calliditas Therapeutics to be calculated in accordance with the principles stipulated below, however not more than 50,000 shares. As part of the implementation of Board LTIP 2022, not more than 50,000 warrants can be issued in accordance with item 17b below.
17a - Adoption of a long-term performance-based incentive program for members of the Board of Directors
The rationale for the proposal
Board LTIP 2022 is intended for main owner independent members of the Board of Directors in Calliditas Therapeutics. The nomination committee believes that an equity-based incentive program is a central part of an attractive and competitive remuneration package in order to attract, retain and motivate internationally competent members of the Board of Directors, and to focus the participants on delivering exceptional performance which contributes to value creation for all shareholders. Board LTIP 2022 is adapted to the current position and needs of Calliditas Therapeutics. The nomination committee is of the opinion that Board LTIP 2022 will increase and strengthen the participants' dedication to Calliditas Therapeutics' operations, improve company loyalty and be beneficial to both the shareholders and Calliditas Therapeutics.
Conditions for Share Awards
The following conditions shall apply for the Share Awards.
1. The Share Awards shall be granted free of charge to the participants as soon as practicable after the annual general meeting.
2. The Share Awards shall vest gradually over approximately three years, corresponding to three terms up to the date of, whichever is earliest, (i) the annual general meeting 2025 or (ii) 1 July 2025 (the "Vesting Date"), where each term equals the period from one annual general meeting up until the day falling immediately prior to the next annual general meeting or the Vesting Date, as applicable (each such period a "Term"). The Share Awards shall vest with 1/3 at the end of each Term, provided that the participant is still a Board member of Calliditas Therapeutics on the said date. In addition to the vesting conditions just stated, the Share Awards are subject to performance vesting based on the development of the Calliditas Therapeutics share price, in accordance with the vesting conditions below.
3. The Share Awards are subject to performance vesting based on the development of the Calliditas Therapeutics share price over the period from the date the Share Awards are allocated ("Grant Date") up to and including the day before the Vesting Date. The development of the share price will be measured based on the volume-weighted average price of the Calliditas Therapeutics share on Nasdaq Stockholm for the 10 trading days immediately preceding the Grant Date and the 10 trading days immediately preceding the Vesting Date, respectively. In the event Calliditas Therapeutics' share price has increased by more than 60 percent, 100 percent of the Share Awards shall vest, and should the share price have increased by 20 percent, 33 percent of such Share Awards shall vest. In the event of an increase of the share price of between 20 and 60 percent, vesting of the Share Awards will occur linearly. Should the increase of the share price be less than 20 percent, vesting will not occur at all.
4. The earliest point in time at which shares may be obtained from vested Share Awards shall be as soon as possible after the Vesting Date and once an assessment of the performance criteria has been made.
5. Each vested Share Award entitles the holder to receive one share in Calliditas Therapeutics without any compensation being payable provided that the holder is still a Board member of Calliditas Therapeutics at the relevant time of vesting with the exception of certain customary "good leaver"-situations (death and permanent incapacity to complete the assignment due to illness or accident) and this shall also apply during the first year up until the day of the annual general meeting 2023.
6. The number of Share Awards will be re-calculated in the event that changes occur in Calliditas Therapeutics' equity capital structure, such as a bonus issue, merger, rights issue, share split or reverse share split, reduction of the share capital or similar measures.
7. The Share Awards cannot be transferred and may not be pledged.
8. The Share Awards can be granted by the parent company as well as any other company within the Calliditas Therapeutics group.
9. In the event of a public take-over offer, asset sale, liquidation, merger or any other such transaction affecting Calliditas Therapeutics, the Share Awards will vest in their entirety upon completion of such transaction.
10. The Share Awards shall otherwise be subject to the terms set forth in the separate agreements with the participants and the detailed terms for Board LTIP 2022.
Allocation
The number of Share Awards that shall be granted to each participant shall equal the below amount for the respective participant divided by the volume-weighted average price of the Calliditas Therapeutics share on Nasdaq Stockholm for the 10 trading days preceding the Grant Date.
The Share Awards under Board LTIP 2022 shall be awarded in accordance with the following:
- Share Awards calculated based on SEK 1,300,000 to the chairman of the Board of Directors; and
- Share Awards calculated based on SEK 500,000 to each of Diane Parks, Hilde Furberg, Molly Henderson, Henrik Stenqvist and Elisabeth Björk.
In any event, Board LTIP 2022 will comprise a total number of Share Awards which, if all Share Awards are vested in accordance with the vesting conditions above, can entitle to not more than 50,000 shares in Calliditas Therapeutics.
Preparation of the proposal
Board LTIP 2022 has been prepared by the nomination committee and has been structured based on an evaluation of prior incentive programs and market practice for comparable European (including Swedish) and American listed companies.
Dilution
Assuming a volume-weighted average price of the Calliditas Therapeutics share on Nasdaq Stockholm for the 10 trading days preceding the Grant Date of SEK 100.00, Board LTIP 2022 will comprise not more than 38,000 shares in total, which corresponds to a dilution of approximately 0.07 percent on a fully diluted basis. Taking into account also the shares which may be issued pursuant to previously implemented incentive programs in the company, the maximum dilution amounts to 6.2 percent on a fully diluted basis. Taking into account also the shares which may be issued pursuant to previously implemented incentive programs in the company as well as the incentive program for the company's management and key personnel proposed to the annual general meeting 2022, the maximum dilution amounts to 9.4 percent on a fully diluted basis. The dilution is only expected to have a marginal effect on the company's key performance indicator "Earnings (loss) per share".
Information about Calliditas Therapeutics' existing incentive programs can be found in Calliditas Therapeutics' annual report for 2021, note 10, which is available on the company's website, www.calliditas.se/en/.
Scope and costs of the program
Board LTIP 2022 will be accounted for in accordance with "IFRS 2 – Share-based payments". IFRS 2 stipulates that the Share Awards shall be expensed as personnel costs over the vesting period and will be accounted for directly against equity. Personnel costs in accordance with IFRS 2 do not affect the company's cash flow. Social security costs will be expensed in the income statement during the vesting period.
Assuming a volume-weighted average price of the Calliditas Therapeutics share on Nasdaq Stockholm for the 10 trading days preceding the Grant Date of SEK 100.0, the annual cost for the Board LTIP 2022, according to IFRS 2, is estimated at approximately SEK 0.5 million pre-tax. The estimated IFRS 2 cost has been calculated with a Monte Carlo simulation. The annual cost for social security contributions is estimated at SEK 0.7 million, based on an annual increase in the share price of 20 percent, the aforementioned assumptions and a social security tax rate of 31.42 percent. The total annual cost for Board LTIP 2022 during the term of the program, including costs according to IFRS 2 and social security charges, is therefore estimated to approximately SEK 1.2 million.
The total cost of the Board LTIP 2022, including all costs referred to above and social security charges, is estimated to amount to approximately SEK 3.7 million under the above assumptions.
Delivery of shares under Board LTIP 2022
In order to ensure the delivery of shares under Board LTIP 2022, the nomination committee proposes that the annual general meeting resolves to issue warrants in accordance with item 17b below.
17b –Issue of warrants
In order to ensure the delivery of shares under Board LTIP 2022, the nomination committee proposes that the annual general meeting resolves to issue not more than 50,000 warrants, whereby the company's share capital can increase by not more than SEK 2,000 in accordance with the following:
1. The right to subscribe for the warrants shall, with deviation from the shareholders' pre-emptive rights, only vest with Nefecon AB, a wholly owned subsidiary of Calliditas Therapeutics. The reason for the deviation from the shareholders' pre-emptive rights is the implementation of Board LTIP 2022. Nefecon AB shall be entitled to transfer the warrants to participants of Board LTIP 2022, or a financial intermediary in connection with the exercise of Share Awards.
2. The warrants shall be issued free of charge and shall be subscribed for on a subscription list no later than 1 July 2022. The Board of Directors may extend the subscription period.
3. The detailed terms of the warrants are set out in the complete proposal which is kept available to the shareholders.
4. The exercise price for subscription for shares based on the warrants shall correspond to the share's quota value.
5. The CEO shall be authorized to make such minor adjustments that may be necessary in connection with the registration of the new issue.
6. Notification of subscription of shares by the exercise of Warrants can be made from and including the day of registration of the Warrants with the Swedish Companies' Office up until and including 31 December 2025.
7. Shares which are issued following subscription shall entitle to participation in the distribution of profits for the first time on the nearest record date occurring after the subscription has been exercised.
17c – Equity swap agreement with a third party
Should the majority requirement for item 17b above not be met, the nomination committee proposes that the annual general meeting resolves that Board LTIP 2022 shall instead be hedged so that Calliditas Therapeutics can enter into an equity swap agreement with a third party on terms in accordance with market practice, whereby the third party in its own name shall be entitled to acquire and transfer shares of Calliditas Therapeutics to the participants.
Item 18 – Resolution, in order to adopt a long-term incentive program for the company's management and key personnel, on:
The Board of Directors of Calliditas Therapeutics proposes the introduction of a long-term incentive program for the company's management and key personnel (including employees and consultants) in accordance with the following.
The Board of Directors proposes that the annual general meeting resolves to implement a long-term incentive program for management and key personnel (including employees and consultants) in Calliditas Therapeutics ("ESOP 2022") in accordance with items 18a – 18b below.
The resolutions under items 18a – 18b below are proposed to be conditional upon each other. Should the majority requirement for item 18b below not be met, the Board of Directors proposes that Calliditas Therapeutics shall be able to enter into an equity swap agreement with a third party in accordance with item 18c below and resolutions under items 18a and 18c shall then be conditional upon each other.
ESOP 2022 is a program under which the participants will be granted, free of charge, stock options to acquire shares in Calliditas Therapeutics ("Options"), subject to vesting over a three-year period in accordance with the below. The Board of Directors proposes that a maximum of 2,000,000 Options are allocated to the participants.
18a – Adoption of a long-term incentive program for the company's management and key personnel
The rationale for the proposal
ESOP 2022 is intended for members of management and key personnel (including employees and consultants) in Calliditas Therapeutics. The Board of Directors of Calliditas Therapeutics believes that an equity-based incentive program in the form of stock options is a central part of an attractive and competitive remuneration package in order to attract, retain and motivate competent members of management and key personnel (including employees and consultants) in Calliditas Therapeutics, and to focus the participants on delivering exceptional performance which contributes to value creation for all shareholders.
The proposed program is key for the company's ability to attract, retain and motivate competent key persons in the United States as well as in Europe in the company's operations and commercial functions scaling up the market launch of TARPEYO in the United States and the development of the company's pipeline assets. During the fourth quarter of 2021, the company received accelerated approval in the United States and currently the company are launching TARPEYO in the United States. When recruiting experienced commercial personnel in the United States and other key employees in the United States and Europe it will be important for Calliditas Therapeutics to be able to offer attractive compensation terms. A competitive equity-based incentive program will be a key component in order to be able to attract and retain highly skilled and experienced individuals as Calliditas Therapeutics launches TARPEYO in the United States.
The Board of Directors of Calliditas Therapeutics believes that ESOP 2022 will fortify the alignment of the interests of the participants and the interests of the shareholders. ESOP 2022 is adapted to the current position and needs of Calliditas Therapeutics. The Board of Directors is of the opinion that ESOP 2022 will increase and strengthen the participants' dedication to Calliditas Therapeutics' operations, improve company loyalty and that ESOP 2022 will be beneficial to both the shareholders and Calliditas Therapeutics.
Conditions for Options
The following conditions shall apply for the Options.
- The Options shall be granted free of charge to the participants.
- The Board of Directors shall resolve upon the allocation of Options between the date of the annual general meeting 2022 and the date of the annual general meeting 2023 (with each respective granting falling on a "Grant Date").
- Each Option entitles the holder to acquire one share in Calliditas Therapeutics for a pre-determined exercise price. The exercise price will correspond to 115 percent of the volume weighted average price of the Calliditas Therapeutics share on Nasdaq Stockholm during the ten trading days preceding the Grant Date.
- The Options shall vest over a three-year period, with 20 percent on the first anniversary of the Grant Date, with an annual vesting of 40 percent during the second year after the Grant Date, and with an annual vesting of 40 percent during the third year after the Grant Date, and thereafter be exercisable, provided that the holder, with certain exceptions, still is employed by Calliditas Therapeutics (or, in the case of consultants, still provides services to Calliditas Therapeutics).
- Following the expiry of the vesting period, the Options may be exercised during a one-year period.
- The number of Options shall be subject to customary re-calculation, for example in the event that changes occur in Calliditas Therapeutics' equity capital structure, such as a bonus issue, merger, rights issue, share split or reverse share split, reduction of the share capital or similar measures.
- The Options are non-transferable and may not be pledged.
- The Options may be granted by the parent company as well as any other company within the Calliditas Therapeutics group.
- In the event of a public take-over offer, significant asset sale, liquidation, merger or any other such transaction affecting Calliditas Therapeutics, the Options will vest in their entirety following the completion of a change of control.
Allocation
The right to receive Options shall accrue to up to 100 employees or consultants of the company. The Board of Directors may grant Options, on one or several occasions, between the date of the annual general meeting 2022 and the date of the annual general meeting 2023. The maximum number of Options that may be allocated to the participants under ESOP 2022 is 2,000,000.
The maximum allocation per individual in each category shall be 300,000 Options for Category 1 (CEO), 250,000 Options for Category 2 (Management) and 100,000 Options for Category 3 (Other key personnel and consultants).
Preparation, administration and the right to amend the terms of the Options
The Board of Directors is responsible for preparing the detailed terms and conditions of ESOP 2022, in accordance with the above-mentioned terms and guidelines. To this end, the Board of Directors shall be entitled to make adjustments to meet foreign regulations or market conditions, including resolving on cash or other settlement if deemed favorable for Calliditas Therapeutics based on foreign tax regulations. The Board of Directors may also make other adjustments if significant changes in Calliditas Therapeutics or its environment would result in a situation where the adopted terms and conditions of ESOP 2022 no longer serve their purpose.
Preparation of the proposal
ESOP 2022 has been initiated by the Board of Directors of Calliditas Therapeutics and has been structured based on an evaluation of prior incentive programs and market practice for comparable European (including Swedish) and American listed companies. ESOP 2022 has been prepared by the Remuneration Committee and reviewed by the Board of Directors.
Dilution
Subject to certain recalculation conditions, the maximum number of shares that may be issued under ESOP 2022 is 2,000,000 which corresponds to a dilution of approximately 3.6 percent on a fully diluted basis. Taking into account also the shares which may be issued pursuant to already allocated warrants under the company's outstanding incentive programs, the maximum dilution amounts to approximately 9.4 percent on a fully diluted basis.
The dilution is expected to have a marginal effect on the company's key performance indicator "Earnings (loss) per share".
Information about Calliditas Therapeutics' existing incentive programs can be found on Calliditas Therapeutics' website, www.calliditas.se/en/, under "Remuneration" as well as in the company's annual report.
Scope and costs of the program
ESOP 2022 will be accounted for in accordance with "IFRS 2 – Share-based payments". IFRS 2 stipulates that the Options shall be expensed as personnel costs over the vesting period. Personnel costs in accordance with IFRS 2 do not affect the company's cash flow. Social security costs will be expensed in the income statement according to UFR 7 during the vesting period.
Assuming a share price at the time of allocation of Options of SEK 100.0, an annual increase in the share price of 15 percent and that all Options are allocated up-front under the assumptions set out under "Dilution" above, the average annual cost for Calliditas Therapeutics according to IFRS 2 is estimated to approximately SEK 16.2 million per year before tax. The average annual social security costs over the vesting period are estimated to approximately a total of SEK 10.9 million, based on the above assumptions, that all Options are fully vested, a vesting period for all Options of three years and social security costs of 31.42 percent. It is envisaged that the social security costs associated with ESOP 2022 will be covered by the cash received from the participants at exercise of Options. If necessary, social security costs will be covered by hedging measures through the issue of warrants (see item 18b below) which would be exercised by a financial intermediary in connection with the exercise of the Options. In either case, the social security costs associated with ESOP 2022 will be fully covered and will hence not affect the company's cash flow.
The total cost of ESOP 2022, including all social security costs, is estimated to amount to approximately SEK 81.3 million under the above assumptions.
The costs associated with ESOP 2022 are expected to have a marginal effect on the company's key performance indicator "Expenses relating to R&D/operating expenses".
Delivery of shares under ESOP 2022
In order to ensure the delivery of shares under ESOP 2022 and if necessary for hedging of social security costs, the Board of Directors proposes that the annual general meeting resolves to issue and use warrants in accordance with item 18b below.
18b –Issue of warrants
In order to ensure the delivery of shares under ESOP 2022, and for hedging of social security costs, the Board of Directors proposes that the annual general meeting resolves to issue not more than 2,000,000 warrants, whereby the company's share capital could be increased by not more than SEK 80,000.
The right to subscribe for the warrants shall, with deviation from the shareholders' pre-emptive rights, only be granted Nefecon AB, a wholly owned subsidiary of Calliditas Therapeutics. The reason for the deviation from the shareholders' pre-emptive rights is the implementation of ESOP 2022. Nefecon AB shall be entitled to transfer the warrants to participants or a financial intermediary in connection with exercise.
The warrants shall be issued free of charge. The exercise price for subscription for shares based on the warrants shall correspond to the share's quota value.
The full terms and conditions for the warrants are presented in the complete proposal which is kept available to the shareholders in accordance with the below.
18c – Equity swap agreement with a third party
Should the majority requirement for item 18b above not be met, the Board of Directors proposes that the annual general meeting resolves that ESOP 2022 instead shall be hedged through an equity swap agreement with a third party on terms in accordance with market practice, whereby the third party in its own name shall be entitled to acquire and transfer shares of Calliditas Therapeutics to the participants.
Majority rules
The implementation of the Board of Directors' proposals under item 15 and items 16a – 16d are subject to the approval at the annual general meeting with at least two thirds (2/3) of both the votes cast and of the shares represented at the meeting. Resolution in accordance with item 17b and 18b above requires approval of at least nine tenths (9/10) of the shares represented and votes cast at the annual general meeting.
Other information
The annual report and the auditor's report for the financial year 2021, proxy form and advance voting form, the remuneration report and other supporting documents for the general meeting, including complete proposals and statements from the Board of Directors, as well as the statement from the auditor pursuant to Chapter 8, Section 54 of the Companies Act will be available to the shareholders at the company's office on Kungsbron 1 D5, SE-111 22 Stockholm, Sweden, and on the company's webpage, www.calliditas.se/en/, no later than 28 April 2022. In connection with the publication of the notice, the nomination committee's proposal and motivated statement will be available on the address stated above as well as on the website stated above. Copies of the documents will be sent to the shareholders who so request and who inform the company of their postal address.
Processing of personal data
For information on how your personal data is processed, please see the integrity policy that is available at Euroclear's website, https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.
Stockholm, April 2022
Calliditas Therapeutics AB (publ)
The Board of Directors
This is an in-house translation of the Swedish original wording. In case of discrepancies between the English translation and the Swedish original, the Swedish text shall prevail.
For further information, please contact:
Mikael Widell, Investor relations
Email: mikael.widell@calliditas.com
Telephone: +46 703 11 99 60
The information was submitted for publication, through the agency of the contact person set out above, at 08:30 am CEST on April 14, 2022.
Disclaimer
Nothing in this notice shall constitute an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any sale of any securities described herein in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction
About Calliditas
Calliditas Therapeutics is a commercial stage biopharma company based in Stockholm, Sweden focused on identifying, developing and commercializing novel treatments in orphan indications, with an initial focus on renal and hepatic diseases with significant unmet medical needs. Calliditas' lead product, TARPEYOTM (budesonide) delayed release capsules, has been approved by the FDA and is the subject of a marketing authorization application (MAA) with the European Medicines Agency (EMA). Additionally, Calliditas is conducting a pivotal clinical trial with its NOX inhibitor product candidate setanaxib in primary biliary cholangitis and is initiating a head and neck cancer Phase 2 trial with setanaxib. Calliditas' common shares are listed on Nasdaq Stockholm (ticker: CALTX) and its American Depositary Shares are listed on the Nasdaq Global Select Market (ticker: CALT).
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SOURCE Calliditas Therapeutics | https://www.1011now.com/prnewswire/2022/04/14/notice-annual-general-meeting-calliditas-therapeutics-ab-publ/ | 2022-04-14T08:12:49 | 0 | https://www.1011now.com/prnewswire/2022/04/14/notice-annual-general-meeting-calliditas-therapeutics-ab-publ/ |
Ukrainian forces said they hit and badly damaged the flagship of Russia's Black Sea fleet, and Russia said its crew had to evacuate as a result of a fire without acknowledging an attack, as the battle shifts east and around the battered city of Mariupol where the defenders were still holding out.
The governor of the Odesa region, Maksym Marchenko, said the Ukrainians struck the guided-missile cruiser Moskva with two missiles and caused “serious damage.”
Russia’s Defense Ministry confirmed the ship was damaged but not that it was hit by Ukraine — it said ammunition on board detonated as a result of a fire of as-yet undetermined causes. The entire crew was evacuated, it added; the cruiser typically has about 500 on board.
If confirmed, the sinking of the cruiser would be a major blow to Russia, after the tank carrier Orsk was hit and set on fire in an attack in Berdyansk in the Sea of Azov late last month.
The reported ship attack by Neptune cruise missiles came a day after President Joe Biden called Russia’s actions in Ukraine “a genocide” and approved $800 million in new military assistance to Kyiv, saying weapons from the West have sustained Ukraine’s fight so far and “we cannot rest now.” The munitions include artillery systems, armored personnel carriers and helicopters.
More Russia-Ukraine War Coverage
Russia invaded on Feb. 24 with the goal, according to Western officials, of taking Kyiv, toppling the government and installing a Moscow-friendly replacement. But the ground advance slowly stalled and Russia lost potentially thousands of fighters. The conflict has killed untold numbers of Ukrainian civilians and forced millions more to flee. It also has rattled the world economy, threatened global food supplies and shattered Europe’s post-Cold War balance.
The presidents of Poland, Lithuania, Latvia and Estonia showed their support to Ukraine on a visit Wednesday to war-ravaged areas and demanded accountability for what they called war crimes. They meet with their counterpart, Volodymyr Zelenskyy, and visited Borodyanka, one of the towns near Kyiv where evidence of atrocities was found after Russian troops withdrew to focus on the country's east.
"There are no doubts that they committed war crimes. And for that, they should be accountable,” Latvian President Egils Levits said of the Russians.
The Lithuanian president, Gitanas Nauseda, added: “The fight for Europe’s future is happening here." He called for tougher sanctions, including against Russian oil and gas shipments and all the country’s banks.
In one of the most crucial battles of the war in the southern port city of Mariupol, Russian Defense Ministry spokesman Maj.-Gen. Igor Konashenkov said 1,026 troops from the Ukrainian 36th Marine Brigade surrendered at a metals factory. But Vadym Denysenko, adviser to Ukraine’s interior minister, rejected the claim, telling Current Time TV that “the battle over the seaport is still ongoing today.”
Russian troops are gearing up for a major offensive in the eastern Donbas region, where Moscow-allied separatists and Ukrainian forces have been fighting since 2014. Mariupol is a key piece in the Russian campaign and lies in the Donbas, which the Russians have pummeled for weeks.
It was unclear when a surrender may have occurred or how many forces were still defending Mariupol.
Russian state television broadcast footage Wednesday that it said was from Mariupol showing dozens of men in camouflage walking with their hands up and carrying others on stretchers or in chair holds. One man held a white flag. In the background was a tall industrial building with its windows shattered and roof missing, identified by the broadcaster as the Iliich metalworks.
A U.N. task force warned that the war threatens to devastate the economies of many developing countries that are facing even higher food and energy costs and increasingly difficult financial conditions. U.N. Secretary-General Antonio Guterres said the war is “supercharging” a crisis in food, energy and finance in poorer countries that were already struggling to deal with the COVID-19 pandemic, climate change and a lack of access to funding.
In his nightly address, Zelenskyy noted that the prosecutor of the International Criminal Court visited the Kyiv suburb of Bucha, which was controlled by Russian forces until recently and where evidence of mass killings and more than 400 bodies were found.
“It is inevitable that the Russian troops will be held responsible. We will drag everyone to a tribunal, and not only for what was done in Bucha,” Zelenskyy said late Wednesday.
He also said work was continuing to clear tens of thousands of unexploded shells, mines and trip wires left in northern Ukraine by the departing Russians. He urged people returning to homes to be wary of any unfamiliar objects and report them to police.
Also Wednesday, a report commissioned by the Organization for Security and Cooperation in Europe found “clear patterns of (international humanitarian law) violations by the Russian forces in their conduct of hostilities.” It was written by experts selected by Ukraine and published by the Vienna-based organization, which promotes security and human rights.
The report said there were also violations by Ukraine, but concluded those committed by Russia “are by far larger in scale and nature.”
Russian President Vladimir Putin has denied his troops committed atrocities, saying Tuesday that Moscow “had no other choice” but to invade and would “continue until its full completion and the fulfillment of the tasks that have been set.” He insisted Russia’s campaign was going as planned despite a major withdrawal after its forces failed to take the capital and suffered significant losses.
Click here for complete coverage of the crisis in Ukraine.
Associated Press writer Robert Burns in Washington, and AP journalists around the world contributed to this report. | https://www.nbcnewyork.com/news/national-international/ukraine-says-it-struck-russian-flagship-forced-crew-to-evacuate/3645612/ | 2022-04-14T08:12:50 | 0 | https://www.nbcnewyork.com/news/national-international/ukraine-says-it-struck-russian-flagship-forced-crew-to-evacuate/3645612/ |
Acquisition will support expansion and growth in North America
DENVER, DALLAS, and LONDON, April 14, 2022 /PRNewswire/ -- OTA Insight, the global leader in cloud-based hospitality commercial intelligence, today announced that it has completed the acquisition of Dallas-based Kriya RevGEN, a leading hotel revenue intelligence platform that integrates and normalizes disparate data sources across hotel systems to provide a consistent view of hotel performance. This announcement follows last month's acquisition of short-term rental data provider Transparent and marks a significant step forward in OTA Insight's efforts to help hoteliers drive better commercial decisions.
Kriya RevGEN's platform, Spider Analytics, simplifies and streamlines data collection, analysis, and reporting to optimize performance across groups of hotels. Kriya RevGEN brings together multiple portfolio views and seamlessly integrates data from a variety of hotel systems, to save hotel executives and management teams valuable time, boosting productivity and surfacing key revenue opportunities. Since its formation in 2013, Kriya RevGEN has grown to provide revenue solutions to over 1,000 hotels across US and Canada and supports nearly all global brands, systems, and leading management companies.
"RevGEN has experienced rapid, organic growth over the past few years, especially within management groups and chains," said Bill Daviau, co-founder, and CEO of Kriya RevGEN. "OTA Insight's vision, global reach, and culture make it the perfect fit for our team. We are excited about this next stage of our growth."
Together, OTA Insight and Kriya RevGEN will integrate to form the only business intelligence solution available on the market that can deliver tailored insights for both hotel-level users and multi-property users. "We feel really privileged to be bringing together the very best teams, solutions, and data to deliver the next generation commercial platform for the hospitality industry," said Sean Fitzpatrick, CEO at OTA Insight. "We are so impressed how Kriya RevGEN simplifies the management of complex commercial strategies across hotel portfolios. Bill and the Kriya RevGEN team's commitment to delivering transformative applications, the highest quality data, and great customer service make Kriya RevGen and OTA Insight the perfect match."
"As a long-time customer of both OTA Insight and Kriya RevGen, I am thrilled to see them combine together to level-up the distribution and data analytics game," said Gaurav Sharma, EVP, Revenue Distribution at EOS Hospitality. "Kriya's secret sauce is simplicity — their ability to deploy complex metrics in a fashion that complements multi-tier commercial needs."
To learn more about Kriya RevGen visit: https://otai.co/3DGr7Zu
About Kriya RevGen - Kriya RevGEN powers the hotel revenue management business intelligence and streamlines reservation-level data across all major branded and most independent systems. Founded in 2013, RevGEN has organically grown to partner with more than 1,000 hotels and some of the most iconic brands and hotel management companies in the US. The company also provides a boutique revenue management service and task force to complement its flagship product, Spider Analytics, further solidifying the company as a leader in the hotel revenue management space. Kriya RevGEN is headquartered outside of Dallas, TX and is a 2021 certified Great Place to Work.
About OTA Insight - OTA Insight empowers hoteliers to deliver smarter revenue, distribution, and marketing outcomes through its market-leading commercial platform. With live updates, 24/7 support, and highly intuitive and customizable dashboards, OTA Insight integrates with industry tools including hotel property management systems, leading RMS solutions, and data benchmarking providers. OTA Insight's team of international experts supports more than 55,000 properties in 185 countries. Winner of the Best Rate Shopping & Market Intelligence Solution, Parity Management Software, and Business Intelligence categories in the 2021 and 2022 HotelTechAwards, OTA Insight is widely recognised as a leader in hospitality business intelligence.
Media Contact: Adam Swart, (917) 359-8969, adam@otainsight.com
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SOURCE OTA Insight | https://www.1011now.com/prnewswire/2022/04/14/ota-insight-acquires-kriya-revgen-adding-market-leading-hotel-portfolio-amp-chain-revenue-intelligence-solution-commercial-platform/ | 2022-04-14T08:12:56 | 0 | https://www.1011now.com/prnewswire/2022/04/14/ota-insight-acquires-kriya-revgen-adding-market-leading-hotel-portfolio-amp-chain-revenue-intelligence-solution-commercial-platform/ |
Average Property Tax Also Up 2 percent, to $3,785, as Effective Rate Declines Slightly; Highest Effective Tax Rates in Illinois, New Jersey, Connecticut, Vermont, Pennsylvania
IRVINE, Calif., April 14, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, today released its 2021 property tax analysis for almost 87 million U.S. single family homes, which shows that $328 billion in property taxes were levied on single-family homes in 2021, up just 1.6 percent from $323 billion in 2020. That was well down from the 5.4 percent increase seen from 2019 to 2020 and marked the second smallest rise over the past five years.
Meanwhile, the average tax on single-family homes in the U.S. in 2021 increased at the smallest pace in the five years, rising 1.8 percent from $3,719 in 2020 to $3,785 last year. The latest figures resulted in an effective tax rate of 0.9 percent, down from 1.1 percent in 2020.
The report analyzed property tax data collected from county tax assessor offices nationwide at the state, metro and county levels, along with estimated market values of single-family homes calculated using an automated valuation model (AVM). The effective tax rate was the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area.
"It's hardly a surprise that property taxes increased in 2021, a year when home prices across the country rose by 16%," said Rick Sharga, executive vice president of market intelligence at ATTOM. "In fact, the real surprise is that the tax increases weren't higher, which suggests that tax assessments are lagging behind rising property values, and will likely continue to go up in 2022."
In 2021, effective rates declined even as total taxes rose because home values went up far faster than taxes around the country. Median values spiked by more than 10 percent in most of the U.S., as a glut of home buyers kept chasing a tight supply of homes, pushing the nation's decade-long market boom onward. The buyer surge continued as home-mortgage rates hovered around 3 percent and many households continued to trade congested areas more susceptible to the two-year-old Coronavirus pandemic, for the relative safety and larger spaces offered by houses and condominiums.
Property taxes increase faster than national average in 74 percent of markets
Despite the national increase in the average property tax of just 1.8 percent from 2020 to 2021, larger gains were seen in 163, or 74 percent, of the 220 metropolitan statistical areas analyzed in the report. That happened as taxes rose far less than the national figure across major metros with populations of at least 1 million last year. Those areas had about three-quarters of the population of all metros in the report, which helped keep the national increase low.
Among metro areas with a population of at least 1 million that had the largest increases in average property taxes last year, were Nashville, TN (up 27 percent); Milwaukee, WI (up 18.6 percent); Baltimore, MD (up 12.3 percent); Grand Rapids, MI (up 12.3 percent) and Louisville, KY (up 11 percent).
Major markets with the largest decreases in average property taxes included Pittsburgh, PA (down 35.1 percent); New Orleans, LA (down 20.2 percent); Houston, TX (down 18.7 percent); Dallas, TX (down 12.2 percent) and Austin, TX (down 7.7 percent).
Highest effective property tax rates in Illinois, New Jersey and Connecticut
States with the highest effective property tax rates in 2021 were Illinois (1.86 percent), New Jersey (1.73 percent), Connecticut (1.67 percent), Vermont (1.55 percent) and Pennsylvania (1.37 percent).
Other states in the top 10 for highest effective property tax rates were Nebraska (1.36 percent), New Hampshire (1.35 percent), New York (1.35 percent), Texas (1.31 percent) and Iowa (1.31 percent).
Hawaii, Alabama, Utah, Arizona and Nevada post lowest effective rates
The lowest effective tax rates in 2021 were in Hawaii (0.27 percent), Alabama (0.37 percent), Utah (0.39 percent), Arizona (0.41 percent) and Nevada (0.41 percent).
Other states in the top 10 for lowest effective property tax rates last year were Idaho (0.43 percent), Colorado (0.43 percent), Tennessee (0.45 percent), West Virginia (0.5 percent) and South Carolina (0.5 percent).
Average tax up to 10 times higher in most expensive versus least expensive states
New Jersey's average single-family-home tax of $9,476 in 2021 again led the nation. That amount was roughly 10 times more than the average of $901 in West Virginia, which had the nation's smallest average levy. Others states in the top five last year were Connecticut ($7,464), Massachusetts ($6,777), New Hampshire ($6,698) and New York ($6,617).
Others in the bottom five were Alabama ($905), Arkansas ($1,195), Mississippi ($1,243) and Louisiana ($1,248).
Northeastern and midwestern metro areas have highest effective tax rates
Among 220 metropolitan statistical areas around the country with a population of at least 200,000 in 2021, 19 of the 20 highest effective tax rates were in the Northeast and Midwest. Nine of the top 10 were New York, Connecticut and Illinois.
Metro areas with the highest effective property tax rates in 2021 were Rochester, NY (2.22 percent); Rockford, IL (2.16 percent); Syracuse, NY (2.16 percent); Binghamton, NY (2.1 percent) and Trenton, NJ (2.07 percent).
Aside from Rochester, the highest rates among metro areas with a population of at least 1 million in 2021 were in Hartford, CT (1.98 percent); Chicago, IL (1.84 percent); Philadelphia, PA (1.6 percent) and Cleveland, OH (1.56 percent).
The lowest effective rates in 2021 were in Honolulu, HI (0.25 percent); Daphne-Fairhope, AL (0.27 percent); Montgomery, AL (0.31 percent); Tuscaloosa, AL (0.35 percent) and Prescott, AZ (0.35 percent).
The lowest rates among metro areas with a population of at least 1 million in 2021 were in Phoenix, AZ (0.38 percent); Nashville TN (0.41 percent); Las Vegas, NV (0.41 percent); Salt Lake City, UT (0.42 percent) and Denver, CO (0.48 percent).
Average annual property taxes top $10,000 in 16 counties
Among 1,481 U.S. counties with at least 10,000 single-family homes in 2021, 16 had an average single-family-home tax of more than $10,000, including 12 in the New York City metro area. The top five were Kings County (Brooklyn), NY ($13,734); Marin County, CA (outside San Francisco) ($13,719); Westchester County, NY ($13,674); Essex County, NJ ($13,116) and Nassau County, NY ($13,095).
"Prospective homeowners often fail to include property taxes when considering the cost of homeownership," Sharga added. "But, especially in some of the higher-priced markets across the country, property taxes can add thousands of dollars to annual ownership costs, and possibly be the difference between someone being able to afford a home or not. It's critically important for consumers to factor in taxes, insurance and maintenance when determining whether they're ready for the financial responsibility of home ownership."
About ATTOM
ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 20TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, property reports and more. Also, introducing our newest innovative solution, that offers immediate access and streamlines data management – ATTOM Cloud.
Media Contact:
Christine Stricker
949.748.8428
christine.stricker@attomdata.com
Data and Report Licensing:
datareports@attomdata.com
949.502.8313
datareports@attomdata.com
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BERLIN, April 14, 2022 /PRNewswire/ -- Reputation DAO, a verifiable, decentralized and programmable reputation service for DeFi, has today announced it has raised US$4.75 million (EUR€4.365 million) in seed funding investment from DACM, AirTree Ventures, Koji Capital and Framework Ventures. Sergey Nazarov, co-founder of Chainlink, has also joined Reputation DAO as an advisor.
DeFi markets continue to grow rapidly, with the total value locked rising to $200 billion at the beginning of 2022. However, the absence of reputation and identity services in DeFi, combined with lending platforms requiring >100% collateralization, means that the potential capital that can flow into DeFi is limited.
Reputation DAO is building the fundamental infrastructure, powered by Chainlink, for a comprehensive credit system to emerge in DeFi – the equivalent of a credit scoring system in traditional finance – to unlock under collateralized lending to a wider set of use cases and take DeFi mainstream.
Reputation DAO is the latest project launched out of Mycelium, an Australian-rooted global network building next-generation transaction technology, including Tracer DAO. Founders Pat McNab and Ash Morgan started building Reputation DAO in late 2019 to open up the black box of existing credit and reputation systems in DeFi, to create a transparently governed system enabling secure, confident interactions within the DeFi economy.
"Whilst DeFi is forming an alternate rail for finance to evolve, there's an abundance of financial data relating to risk, credit and identity that could be leveraged to unlock new applications within DeFi - such as unsecured lending," says Pat McNab, Co-Founder of Reputation DAO.
"Interoperability between DeFi and traditional finance is integral to onboard trillions of dollars in capital and billions of users. Reputation DAO provides the conduit for this data to flow into smart contracts, providing greater security, rates and guarantees."
The funding will drive the development of the reputation infrastructure and scoring product. By scaling their analytics engine, Reputation DAO can map off-chain data such as AML/KYC, traditional credit scores and social media data to enhance the assessment of account-specific risk metrics that are delivered into smart contracts to facilitate hundreds of billions in loans.
Richard Galvin, co-founder & CEO, DACM, "Credit scoring is a critical function of both bank and external providers in the traditional finance system. This clarity, for both borrowers and lenders has not been a function of DeFi to date. With the maturing of the ecosystem and the rise of DAOs that will need independent, and reliable information, we think Reputation DAO is fundamental infrastructure for the sectors next growth phase."
Sergey Nazarov, co-founder, Chainlink, "DeFi is already redefining the global financial industry, but one of the missing links hindering its growth is the lack of a comprehensive credit system. By enabling the secure transfer of real-world data to blockchains, Chainlink is helping Reputation DAO unlock the reputation infrastructure necessary to accelerate global DeFi adoption."
Reputation DAO (f.k.a. Chainlink Oracle Reputation) is building verifiable, decentralized and programmable reputation services for DeFi. Reputation is building a bridge between DeFi and traditional finance, enabling individuals to leverage their real-world financial data and identity when interacting with smart contracts. With a powerful data streaming engine, Reputation DAO analyses account, oracle and DAO specific data on-chain. Reputation is the key to unlocking DeFi and bringing numerous new decentralized applications to life.
DACM are a leading digital asset fund manager with global operations. Co-founded by Richard Galvin and Gabriel Abed in 2017, DACM manage around $500m in venture capital, long only and market neutral strategies for clients from around the world. DACM have generated world leading returns for their clients utilizing a combination of deep technology and infrastructure research, coupled with proprietary commercial research and valuation techniques. The DACM Digital Asset Fund was the number 1 performing long only crypto fund globally in 2020 and 2021.
KEY LINKS
Find out more about Reputation DAO
Reputation's Twitter
Reputation's Discord
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- 80% of respondents in this year's survey pointed to a non-technical executive as the primary advocates for AI ethics, compared to 15% in 2018
- 79% of CEOs surveyed are prepared to implement AI ethics practices but less than a quarter of organizations have acted on it
- 68% of organizations acknowledge diversity is important to mitigating bias in AI, but respondents indicated their AI teams are: 5.5 times less inclusive of women, 4 times less inclusive of LGBT+ individuals and 1.7 times less racially inclusive
ARMONK, N.Y., April 14, 2022 /PRNewswire/ -- A new IBM (NYSE: IBM) Institute for Business Value (IBV) study revealed a radical shift in the roles responsible for leading and upholding AI ethics at an organization. When asked which function is primarily accountable for AI ethics, 80% of respondents pointed to a non-technical executive, such as a CEO, as the primary "champion" for AI ethics, a sharp uptick from 15% in 2018.
Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/9002052-ibm-study-ai-ethics-action-enterprise-guide-progressing-trustworthy/
The global study* also indicates that despite a strong imperative for advancing trustworthy AI, including better performance compared to peers in sustainability, social responsibility, and diversity and inclusion, there remains a gap between leaders' intention and meaningful actions. The study found:
Business executives are now seen as the driving force in AI ethics
- CEOs (28%) – but also Board members (10%), General Counsels (10%), Privacy Officers (8%), and Risk & Compliance Officers (6%) are viewed as being most accountable for AI ethics by those surveyed.
- While 66% of respondents cite the CEO or other C-level executive as having a strong influence on their organization's ethics strategy, more than half cite board directives (58%) and the shareholder community (53%).
Building trustworthy AI is perceived as a strategic differentiator and organizations are beginning to implement AI ethics mechanisms.
- More than three-quarters of business leaders surveyed this year agree AI ethics is important to their organizations, up from about 50% in 2018.
- At the same time, 75% of respondents believe ethics is a source of competitive differentiation, and more than 67% of respondents that view AI and AI ethics as important indicate their organizations outperform their peers in sustainability, social responsibility, and diversity and inclusion.
- Many companies have started making strides. In fact, more than half of respondents say their organizations have taken steps to embed AI ethics into their existing approach to business ethics.
- More than 45% of respondents say their organizations have created AI-specific ethics mechanisms, such as an AI project risk assessment framework and auditing/review process.
Ensuring ethical principles are embedded in AI solutions is an urgent need for organizations, but progress is still too slow
- More surveyed CEOs (79%) are now prepared to embed AI ethics into their AI practices – up from 20% in 2018 -- and more than half of responding organizations have publicly endorsed common principles of AI ethics.
- Yet, less than a quarter of responding organizations have operationalized AI ethics, and fewer than 20% of respondents strongly agreed that their organization's practices and actions match (or exceed) their stated principles and values.
- 68% of surveyed organizations acknowledge that having a diverse and inclusive workplace is important to mitigating bias in AI, but findings indicate that AI teams are still substantially less diverse than their organizations' workforces: 5.5 times less inclusive of women, 4 times less inclusive of LGBT+ individuals and 1.7 times less racially inclusive.
"As many companies today use AI algorithms across their business, they potentially face increasing internal and external demands to design these algorithms to be fair, secured and trustworthy; yet, there has been little progress across the industry in embedding AI ethics into their practices," said Jesus Mantas, Global Managing Partner, IBM Consulting. "Our IBV study findings demonstrate that building trustworthy AI is a business imperative and a societal expectation, not just a compliance issue. As such, companies can implement a governance model and embed ethical principles across the full AI life cycle."
The time for companies to act is now. The study data suggests that those organizations who implement a broad AI ethics strategy interwoven throughout business units may have a competitive advantage moving forward. The study provides recommended actions for business leaders including:
- Take a cross-functional, collaborative approach - ethical AI requires a holistic approach, and a holistic set of skills across all stakeholders involved in the AI ethics process. C-Suite executives, designers, behavioral scientists, data scientists, and AI engineers each have a distinct role to play in the trustworthy AI journey.
- Establish both organizational and AI lifecycle governance to operationalize the discipline of AI ethics - take a holistic approach to incentivizing, managing and governing AI solutions across the full AI lifecycle, from establishing the right culture to nurture AI responsibly, to practices and policies to products.
- Reach beyond your organization for partnership – expand your approach by identifying and engaging key AI-focused technology partners, academics, startups, and other ecosystem partners to establish "ethical interoperability."
*Methodology
The IBV study, "AI ethics in action: An enterprise guide to progressing trustworthy AI," surveyed 1,200 executives in 22 countries across 22 industries to understand where executives stand on the importance of AI ethics and how organizations are operationalizing it. The study was conducted in cooperation with Oxford Economics in 2021. The full study is available at https://www.ibm.com/thought-leadership/institute-business-value/report/ai-ethics-in-action.
About IBM Institute for Business Value
For two decades, the IBM Institute for Business Value has served as the thought leadership think tank for IBM. What inspires us is producing research-backed, technology-informed strategic insights that help leaders make smarter business decisions.
From our unique position at the intersection of business, technology, and society, we survey, interview, and engage with thousands of executives, consumers, and experts each year, synthesizing their perspectives into credible, inspiring, and actionable insights.
To stay connected and informed, sign up to receive IBV's email newsletter at ibm.com/ibv. You can also follow @IBMIBV on Twitter or find us on LinkedIn at https://ibm.co/ibv-linkedin
Media Contact:
Marisa Conway
IBM External Relations
conwaym@us.ibm.com
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SOURCE IBM | https://www.1011now.com/prnewswire/2022/04/14/responsibility-ai-ethics-shifts-tech-silo-broader-executive-champions-says-ibm-study/ | 2022-04-14T08:13:29 | 1 | https://www.1011now.com/prnewswire/2022/04/14/responsibility-ai-ethics-shifts-tech-silo-broader-executive-champions-says-ibm-study/ |
Semafone unveils a new name, new visual identity, and refreshed positioning to support its strategic mission and accelerated growth plans
BOSTON and GUILDFORD, England, April 14, 2022 /PRNewswire/ -- Semafone®, the leading provider of data security and compliance for call and contact centers, announced today it has rebranded as Sycurio™. The company's new name reflects its growing stature as a visionary global provider of pioneering cloud-based solutions that simplify how organizations manage data protection, regulatory compliance, and payment security in today's increasingly hyper-connected world.
Marking a major milestone for the company, the new brand identity is rooted in Sycurio's commitment to delivering innovative data security solutions and services that make it easier for organizations to realize their digital trust vision and safeguard every customer interaction, in every channel – while delivering a standout customer experience that builds trust and loyalty.
"Semafone is now Sycurio, and our bold new look and logo reflects who we are today and our future ambition – making data protection simpler and more accessible for all. As the shift to digital continues to accelerate, building and preserving digital trust is becoming a commercial and operational 'must have' and businesses that lead the way in security, privacy and compliance will become the titans of tomorrow," said Gary E. Barnett, CEO, Sycurio.
In addition to its new name and logo, Sycurio has rebranded its award-winning portfolio of cloud-based data security solutions and services and introduced a product tiering structure to simplify how partners and customers identify the capabilities they need.
"Building on our rich history, we'll continue delivering the most flexible cloud solutions; as well as applying pioneering new approaches and technologies to ensure that brands, large and small, can confidently transact in every channel and keep consumer and citizen trust intact. As we embark on the next exciting chapter of our corporate journey, we're looking forward to working closely with our partners and our customers so that, together, we can create a more secure digital world," concludes Gary E. Barnett.
About Sycurio™
Sycurio is a leading provider of flexible cloud-based solutions and services that simplify how organizations manage data protection, regulatory compliance, and payment security in today's increasingly connected world. It's innovative data security solutions enable organizations to realize their digital trust vision and safeguard every customer interaction, in every channel, while delivering a standout customer experience that builds lasting loyalty. Sycurio's patented data capture methods ensure that sensitive information, including payment card, bank details, and personally identifiable information (PII), such as social security numbers, can be processed in a manner that protects against the risk of fraud and ensures compliance with industry regulations such as the Payment Card Industry Data Security Standard (PCI DSS).
Founded in 2009, as Semafone, the company now supports customers in 26 countries on five continents. Sycurio is vertically agnostic, and its extensive customer base includes companies such as Amica Mutual Insurance, British Sky Broadcasting, BT Group, and Sutter Health.
Livingbridge is a major investor in Sycurio.
As a recognized global leader in transactional security, Sycurio's technology is integrated with over 60 Payment Service Providers. Sycurio (formerly Semafone) has achieved the leading security and payment certifications: ISO 27001:2013, UK Cyber Essentials certification, PA-DSS certification for its Sycurio.Voice payment solution, PCI DSS Level 1 Service Provider, registered Visa Level 1 Merchant Agent and Mastercard Site Data Protection (SDP) Compliant Registered Service Provider. To learn more, visit www.sycurio.com.
Media Contact:
Mandy Pattenden
Sycurio
mandy.pattenden@sycurio.com
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LENZING, Austria, April 14, 2022 /PRNewswire/ -- The VEOCEL™ brand has been striving for sustainability in the face of the worsening impact of climate change on the planet and on people's lives. This year, the VEOCEL™ brand will continue its efforts on delivering its promise of being a responsible natural care brand. In addition, the brand will also focus on the core commitments around care for the oceans, climate change, decarbonization and the future generations.
Paving the way for a net-zero nonwovens industry, the VEOCEL™ brand cares for the forests and develops innovative solutions that offer environmentally responsible raw materials to partners. For several years, the nonwovens industry had responded to its part on caring for the environment. VEOCEL™'s partners have made move towards adopting the carbon neutral VEOCEL™ branded lyocell fibers to reduce their emission impact. The VEOCEL™ brand also works closely with industry organizations to ensure that the brand's materials fulfil internationally recognized environmental production standards.
Looking ahead, the VEOCEL™ brand will keep innovating and raising standards to bring better and more sustainable solutions for everyday care products to build a better future.
Here is an overview of the latest VEOCEL™ brand stories:
Monique Buch appointed as Lenzing's Vice President of Global Nonwovens Business and shares her role and vision for the industry
Lenzing has announced Monique Buch as the new Vice President Global Nonwovens Business. In a Q&A session, Monique shared her plans to reinforce VEOCEL™'s promise to be "a responsible natural care brand" as it continues to explore the best ways to take care of its customers, partners and the environment.
Jürgen Eizinger elected to be part of the board members for INDA
Jürgen Eizinger, Senior Commercial Director, Nonwovens Business EU/AM/MEA, has been chosen to be part of the board members for INDA to bring the vision of the VEOCEL™ brand to the board and support the association in driving sustainability and circularity for the nonwovens industry.
VEOCEL™ brand partners with Suominen to champion carbon neutral nonwovens fabrics
Suominen, the global leading nonwovens supplier and manufacturer for wipes, is the first partner to adopt the industry's first carbon neutral VEOCEL™ Lyocell fibers with a net-zero carbon footprint to reduce climate impact.
MTT wipes made of VEOCEL™ branded fibers are now IWSFG certified
Moist toilet tissue (MTT) wipes made from VEOCEL™ Lyocell fibers with Eco Disperse technology have passed the stringent guidelines of the International Water Services Flushability Group (IWSFG) and are deemed flushable, thus contributing to a healthier sewage system and helping to reduce water pollution.
VEOCELTM awarded Outstanding Contribution Award for Sustainability at Sustainable Development in China Forum 2021
The VEOCEL™ brand was awarded the "2021 Outstanding Contribution Award for Sustainability" at the Sustainable Development in China Forum in recognition of its contribution to sustainability and efforts in achieving carbon neutrality in the nonwovens industry.
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Increase in defense budget expenditure for modernization of existing vetronics systems, integration of new age information technologies, and need for open architecture drive the global vetronics market.
PORTLAND, Ore., April 14, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Vetronics Market by Platform (Homeland Security, Military), by Vehicle Type (Main Battle Tank, Light Combat Vehicles, Armored Personnel Carriers, Infantry Fighting Vehicle, Others), by System (Weapon and Control System, Command and Communication, Navigation and Display, Sensor and Optronics, Power System, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030" As per the report, the global vetronics industry was accounted for $4.20 billion in 2020, and is expected to reach $6.50 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030.
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Major determinants of the market growth
Rise in defense budget expenditure for modernization of existing vetronics systems, incorporation of new age information technologies, and demand for open architecture have boosted the growth of the global vetronics market. However, surge in cyber threats and high manufacturing cost hinder the market growth. On the contrary, proactive government initiatives and surge in share of electronic components in military vehicles would open new opportunities in the future.
Covid-19 scenario:
- The Covid-19 pandemic negatively affected the military industry and ventronics market due to limited business operations and logistics support and shift in budget allocations toward managing medical crisis.
- However, North America and Asia-Pacific countries are more inclined toward modernizing their military fleet, even during the pandemic. This increased the demand for vetronics.
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The main battle tank segment dominated the market
By vehicle type, the main battle tank segment held the largest share in 2020, accounting for nearly one-third of the global vetronics market, owing to rise in investments from defense organization for acquisition of these vehicles. However, the infantry fighting vehicle segment is estimated to register the highest CAGR of 5.3% during the forecast period, due to rise in demand to integrate these vehicles with advanced vetronics systems.
The transportation segment to portray the highest CAGR through 2030
By platform, the homeland security segment is projected to manifest the highest CAGR of 4.9% from 2021 to 2030. Moreover, the military segment held the largest share in 2020, accounting for nearly three-fourths of the global vetronics market, due to integration of vetronics system in homeland security vehicles to improve operational efficiency and reduce the response time to support business opportunities. The research also analyzes the military segment.
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North America held the lion's share
By region, the market across North America dominated in 2020, accounting for more than two-fifths of the market, owing to presence of several market players and high defense budget expenditure of countries including the U.S. However, the global vetronics market across Asia-Pacific is expected to showcase the highest CAGR of 5.9% during the forecast period, due to integration of novel technologies and surge in efforts taken by countries such as India and China to increase indigenous manufacturing capabilities.
Major market players
- Thales Group
- Saab Ab
- Curtiss-Wright Corporation
- BAE Systems
- General Dynamics Corporation
- Rheinmetall AG
- Leonardo S.p.A.
- L3harris Technologies, Inc.
- Raytheon Technologies Corporation
- Lockheed Martin Corporation.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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SOURCE Allied Market Research | https://www.1011now.com/prnewswire/2022/04/14/vetronics-market-reach-650-billion-globally-by-2030-46-cagr-allied-market-research/ | 2022-04-14T08:13:48 | 0 | https://www.1011now.com/prnewswire/2022/04/14/vetronics-market-reach-650-billion-globally-by-2030-46-cagr-allied-market-research/ |
BALTIMORE — Starting off with some sunshine and warm temperatures, in the 60s! Winds out of the southwest will allow temperatures to warm up into the 80s this afternoon with a cold front advancing from the west. An isolated severe thunderstorm is possible between 1-7 PM. Damaging winds and small hail will be the main threats. Temperatures only climb into the 70s on Good Friday, with lots of sunshine! Another rain chance is in the forecast for Saturday. Easter Sunday looks rain-free with highs in the low-60s!
Stay Tuned!
7 Day Forecast:
Thursday: A chance of showers and thunderstorms before 4pm, then showers likely and possibly a thunderstorm between 4pm and 5pm, then a chance of showers and thunderstorms after 5pm. Increasing clouds, with a high near 81. Southwest wind 10 to 15 mph, with gusts as high as 31 mph. Chance of precipitation is 60%. New rainfall amounts of less than a tenth of an inch, except higher amounts possible in thunderstorms.
Thursday Night: A chance of showers, mainly before 9pm. Cloudy during the early evening, then gradual clearing, with a low around 48. Northwest wind 6 to 11 mph, with gusts as high as 18 mph. Chance of precipitation is 30%.
Friday: Sunny, with a high near 71. Light and variable wind becoming south 5 to 8 mph in the afternoon.
Friday Night: Partly cloudy, with a low around 53. South wind 7 to 10 mph.
Saturday: A chance of showers, mainly after 3pm. Partly sunny, with a high near 69. Chance of precipitation is 30%.
Saturday Night: A chance of showers before 9pm. Partly cloudy, with a low around 44. Chance of precipitation is 30%.
Sunday: Sunny, with a high near 58.
Sunday Night: Partly cloudy, with a low around 38.
Monday: A chance of showers after 9am. Partly sunny, with a high near 59. Chance of precipitation is 30%.
Monday Night: A chance of showers. Mostly cloudy, with a low around 43. Chance of precipitation is 50%.
Tuesday: A chance of showers. Partly sunny, with a high near 63. Chance of precipitation is 50%.
Tuesday Night: A chance of showers. Partly cloudy, with a low around 43. Chance of precipitation is 40%.
Wednesday: Mostly sunny, with a high near 63. | https://www.wmar2news.com/weather/isolated-storms-this-afternoon | 2022-04-14T08:25:49 | 0 | https://www.wmar2news.com/weather/isolated-storms-this-afternoon |
This is CNBC's live blog tracking developments on the war in Ukraine. See below for the latest updates.
Russia's Moskva, a flagship missile cruiser from the Black Sea fleet, was set aflame and evacuated after being hit in a Ukrainian missile attack, according to Ukrainian authorities.
The Russian Ministry of Defense confirmed the ship caught fire and was "seriously damaged," according to the state media service TASS, and said the entire crew had been evacuated.
Meanwhile, Ukrainian President Volodymyr Zelenskyy has predicted that the Russian leadership will either seek peace, or leave the international arena forever.
Russia will seek peace or leave the international arena forever: Zelenskyy
In his latest nightly address, Ukrainian President Volodymyr Zelenskyy predicted that the Russian leadership will either seek peace, or would leave the international arena forever.
Money Report
He also called again for an oil embargo from his European counterparts. "The European Union must stop sponsoring Russia's military machine," he said in the speech.
-Matt Clinch
Czech Republic reopens embassy in Kyiv
The Czech Republic has reopened its embassy in Ukraine's capital, Kyiv, nearly two months after it closed on Feb. 24 when Russia's invasion began.
The Ministry of Foreign Affairs said in a tweet its diplomats are back in Ukraine and the Czech flag is once again flying above the embassy.
"This is one of the many steps we are taking to show our support for Ukraine. Czechia will always stand with Ukraine," the ministry said.
Other countries that have announced the return of their diplomats to Kyiv include Slovenia, Estonia and Turkey.
— Chelsea Ong
‘Sapiens’ author says Ukraine war could mark most dangerous moment since Cuban missile crisis
Israeli historian and bestselling author Yuval Noah Harari has told CNBC said the growing risk that Russia may turn to nuclear weapons or other forms of chemical or biological warfare to advance its onslaught posed an existential threat to humanity.
While acknowledging the current threat of nuclear war is "not very likely," Harari said that everybody — governments and individuals — should be "very concerned."
"It's a possibility, a real possibility that we need to consider. And that's terrible news for the whole human race," he said.
Read the full story here.
-Karen Gilchrist
Details revealed on $800 million U.S. weapons package for Ukraine
U.S. Secretary of Defense Lloyd Austin on Wednesday night revealed details about the latest military aid package the United States will send to Ukraine, which includes 300 armored vehicles, artillery and anti-chemical protective equipment.
A post on his official Twitter account listed 200 M113 armored personnel carriers and 100 other armored, wheeled vehicles. The M113 is an older, tracked vehicle that the United States began using before the Vietnam War.
Among the newer weapons in the package are 500 Javelin missiles and 300 Switchblade attack drones. Ukrainian defenders have used the Javelin and other shoulder-launched weapons to devastating effect against Russian tanks and other vehicles.
Eight howitzers and 40,000 artillery rounds are also part of the newest U.S. arms shipment.
The list includes "protective equipment" against chemical, biological and radiological attacks, as well as 30,000 sets of body armor and helmets.
Military observers and others have voiced fears that Vladimir Putin may use weapons of mass destruction against Ukrainian troops and civilians as Russia continues to suffer defeats on the battlefield.
"We continue to stand with the brave Ukrainian people in their fight for freedom," Austin said. "To that end, this latest support package contains many of the highly effective weapons systems we have already provided along with critical new capabilities."
— Ted Kemp
Ukraine claims it has damaged a Russian warship in the Black Sea
Ukraine claimed it has damaged a Russian warship, the Moskva, stationed in the Black Sea after striking it with Neptune missiles.
"It has been confirmed that today the missile cruiser 'Moscow' went exactly where it was sent to by our border guards on Zmiinyi Island! Neptune missiles which are guarding the Black Sea caused very serious damage to the Russian ship," Maksym Marchenko, the governor of the Odesa region, said in a Telegram post.
Russian State Media service TASS, quoting the Russian Ministry of Defense, confirmed the ship caught fire after being "seriously damaged" and that the entire crew had been evacuated.
According to the Russian ministry, the fire started after ammunition was detonated onboard the warship. "As a result of a fire, ammunition detonated on the Moskva missile cruiser. The ship was seriously damaged. The crew was completely evacuated," TASS quoted the Russian the ministry as saying.
Ukrainian Presidential Advisor Oleksiy Arestovych claimed that 510 Russian crew members were on board the ship during a television interview. During the interview, Arestovych sarcastically said two sailors must have caused the fire by smoking in the wrong place, or maybe they were just unlucky.
Arestovych also said the Moskva was the same warship that asked Ukrainian soldiers on Snake Island (a Ukrainian island on the Black Sea) to surrender at the start of the conflict, with the Ukrainian troops telling the marines on the ship to "go f--- yourself." Audio recordings of this incident went viral back in February.
Unlike the Russian logistics vessel Orsk which Ukraine destroyed last month, the guided missile cruiser Moskva is an offensive warship designed to attack targets from a distance. Moscow used the ship off the coast of Syria in 2015.
—NBC News, Riya Bhattacharjee, Ted Kemp | https://www.nbcnewyork.com/news/business/money-report/russian-flagship-missile-cruiser-seriously-damaged-after-blast-in-black-sea/3645586/ | 2022-04-14T08:38:22 | 0 | https://www.nbcnewyork.com/news/business/money-report/russian-flagship-missile-cruiser-seriously-damaged-after-blast-in-black-sea/3645586/ |
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Brooklyn Subway Shooting Suspect Arrested; Called Police Tip Line on Himself, Sources Say
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Weather Video | https://www.nbcnewyork.com/weather/video-weather/latest-forecast-from-storm-team-4-4003/3645611/ | 2022-04-14T08:38:28 | 0 | https://www.nbcnewyork.com/weather/video-weather/latest-forecast-from-storm-team-4-4003/3645611/ |
Here’s some fodder for the bathroom wall: Andrew Scala made me go both ways.
To be fair, though, it’s not like I haven’t dabbled. Orlando’s chicken sandwich scene is a mixed bag of hard-core breast boosters and die-hard thigh guys.
When Scala and I first connected, his popular JAM Hot Chicken pop-up had secured its perfect little walk-up on Winter Park’s New England Avenue, but it would be another six months before folks began hauling his heavy-duty handhelds to waiting tables and idling cars.
“Most chefs will say a chicken thigh is the best part of the bird for a sandwich,” said an emphatic, supremely confident Scala back in June. “Wrong!”
It’s not that I don’t appreciate chicken breast. Chicken breast built Hugh Jackman’s “Wolverine,” for crying out loud. But my job doesn’t require me to maintain 6 percent body fat. And so, I’ve always leaned more toward the latter.
Why?
Thighs yield. They’re predictably tender and juicy. They’re forgiving. Breasts require more finesse. Scala has it.
JAM Hot’s beautifully brined, boneless Bell & Evans breasts are a food writer’s exceptionally effective afflatus for effusive, alliterative accolades.
For those of you ready to hate on my vocabulary, here’s the Cliff’s Notes version: This sandwich is dope.
And, like the Nashville chicken that inspired it (and the Wolverine), fiery hot.
But only if you want it to be. The plain (an unfair distinction, really — it’s an exceptional sandwich) is the foundation for the increasingly incendiary evolution that follows.
“It was always my goal to make the chicken, just the fried chicken, taste amazing — even if you get it plain,” says Scala. “If the plain’s not good, nothing else is going to be good.”
Oh, it’s good. And Scala’s double dredge method — taking the chicken from the flour mix to the spiced buttermilk bath and back again — is key. I liken it to an elevation of the extra crispy Kentucky Fried my mom would bring home in the bucket once in a blue moon. Scala laughs. For an Orlando native, this translates to Publix fried chicken.
“You can’t go wrong with it,” he says. “And I was chasing that.”
He ran straight past. Scala’s chicken breasts are hand tenderized with a mallet.
“It gets it to where it’s not looking like the typical kidney-shaped chicken breast. It elongates.”
My hot-level sandwich looked something like a soft-shell crab beckoning from the “shell” of its dome-like brioche.
“Yeah,” he says, chuckling. “That’s a big thing for me. Having character on each one, so they don’t all look the same. Each breast looks different.”
The singular shapes were so important in fact, that back during his pop-up days, Scala would snip each one with kitchen shears, “different parts of the breast after tenderizing,” he explains. But the brick-and-mortar doesn’t allow for such artiste behavior. “It’s tedious,” he says. “I got away from it the first week we opened.”
Rest easy, the only thing uniform about the three dishes we took home was the excellence. Twenty-five minutes in the car and the sandwiches were remained beautifully wrapped and composed. Even more wondrous: pretty darn crispy. I tossed an errant nugget of breading to the dog and luxuriated in the cartoonlike crunching that ensued. Hot out the fryer? It’s fire.
Housemade pickles are sturdy — a little sweet, a lot garlicky. “It was crinkle-cut or die for me on the pickles,” says Scala.
Slaw is simple and mercifully devoid of mayo — there’s plenty in the comeback sauce and really, who needs more of it on a deep-fried sandwich that gets a post-fry oil bath? And speaking of, it’s miraculous how un-greasy it is, considering.
As far as heat? The level 3, for me, was entirely manageable, despite its cumulative effect. I’ll definitely go one higher on my next visit. But really, no pressure. This sandwich should be eaten the way you like it. Treat it like a pleasure cruise, not a contest. It’s that good.
But it ain’t no hero-maker. This breast isn’t building anything but Dad Bod at best. (I’m sure Hugh Jackman would love it.) But oh, what a good time you’ll have wrecking yourself. Or, you know, on cheat days.
If you go
JAM Hot Chicken: 400 W. New England Ave. in Winter Park; jamhotchickenfl.com
Want to reach out? Find me on Facebook, Twitter or Instagram @amydroo or on the OSFoodie Instagram account @orlando.foodie. Email: amthompson@orlandosentinel.com. For more fun, join the Let’s Eat, Orlando Facebook group or follow @fun.things.orlando on Instagram, Facebook and Twitter. | https://www.orlandosentinel.com/food-restaurants/os-et-nashville-hot-chicken-orlando-jam-winter-park-review-amy-drew-thompson-20220414-l4lbe2zbjfbcznbvfgpuutldsq-story.html | 2022-04-14T09:13:38 | 0 | https://www.orlandosentinel.com/food-restaurants/os-et-nashville-hot-chicken-orlando-jam-winter-park-review-amy-drew-thompson-20220414-l4lbe2zbjfbcznbvfgpuutldsq-story.html |
RICHMOND, Va. (WRIC) – Police were called to the intersection of Fairfax Avenue and East 18th Street for a report of a shooting early Thursday morning.
Once on scene, the found two men with gunshot wounds. Both were taken to the hospital with non-life threatening injuries.
Anyone with any information is asked to call Crime Stoppers at (804) 780-1000. | https://www.wric.com/news/breaking-news/two-men-shot-on-richmonds-southside/ | 2022-04-14T09:14:36 | 1 | https://www.wric.com/news/breaking-news/two-men-shot-on-richmonds-southside/ |
James, 62, is the man authorities say donned a gas mask, released a smoke bomb and opened fire on a crowded Brooklyn subway Tuesday morning.
He was taken into custody Wednesday afternoon.
NYPD Commissioner Keechant Sewell said James was spotted by bystanders in the area of St. Marks Place and First Avenue in the East Village.
Among the calls that came into Crime Stoppers was a person purporting to be the suspect himself.
According to police sources, James called the NYPD, and told them that he's the man police are looking and that he wants to turn himself in.
"I think you're looking for me," the caller reportedly said. "I'm seeing my picture all over the news and I'll be around this McDonalds."
They say he gave a name and a description of what he was wearing. He reportedly told police his phone was dying and that he would either be in McDonald's charging his phone or in front when police arrive.
By the time police responded, he had left the McDonald's at East 6th Street and First Avenue.
When officers didn't find him at the restaurant, they drove around the neighborhood looking for him. According to police sources, good Samaritans told police they thought the suspect was down the block.
James was then spotted standing at a kiosk charging his phone. He was arrested without incident at St. Mark's Place and First Avenue, and he was transported to the 9th Precinct.
"My fellow New Yorkers, we got him," Mayor Eric Adams said. "We got him."
RELATED | Frank R. James: What we know about Brooklyn subway shooting suspect
James will be charged under a federal statute that prohibits terrorist and other violent attacks in mass transit system. The federal government will also charge him with crossing state lines.
We hope this arrest brings some solace to the victims and the people of the city of New York," Sewell said. "We used every resource at our disposal to gather and process significant evident that directly links Mr. James to the shooting. We were able to shrink his world quickly. There was nowhere left for him to run."
Watch full special report on James' arrest here:
Officials say the investigation remains ongoing, and they urge anyone with additional information to call the NYPD's Crime Stoppers Hotline at 1-800-577-TIPS (8477) or for Spanish, 1-888-57-PISTA (74782).
James will face life in prison if convicted in the attack, which left at least 29 people shot or otherwise injured, shaking a city already unnerved by a sharp rise in crime.
Officials said any potential motive remains unclear, but witnesses said the lone gunman was seen mumbling to himself while wearing a reflective vest before putting on the gas mask and removing a canister from his bag that then filled the car with smoke. He then began shooting.
Ten people were struck by bullets, while others were either grazed or hurt in the chaos that followed.
None of the injuries were considered life-threatening, and authorities said a magazine that jammed in the gun may have saved lives.
After the shooting, NYPD Chief of Detective James Essig said James boarded an R train that pulled into the station and went one stop before exiting at the 25th Street station. After that, James was seen again at a Park Slope subway stop just under an hour later before fading from view.
Authorities identified James as a person of interest Tuesday night, but by Wednesday, after the investigation linked James to the crime in numerous ways, Mayor Eric Adams said he was considered the suspect and a wanted fugitive.
That determination was made overnight after more than 18 hours of investigation that included video, cell phone data, and witness interviews.
"There was a clear desire to create terror," Adams said. "If you bring a smoke bomb or would you bring a semi-automatic weapon with a gas mask and in a very methodical way injured...innocent New Yorkers, that is terror."
RELATED | Brooklyn subway shooting heightens fears about transit safety
While the cameras in the station were inoperable, law enforcement officials were able to get an image of the suspect from a bystander's cell phone video. The NYPD then located a U-Haul van on Kings Highway in Gravesend that they believe James drove to New York City from Philadelphia on Monday.
They said a pillow inside indicated he may have been sleeping there, and a nearby subway station is where they believe he entered the system.
The keys to that van were found in the shooter's possessions left behind at the subway station, NYPD Chief of Detectives James Essig said.
Also recovered at the scene was a 9 mm Glock semi-automatic handgun, three extended magazines, a hatchet, gasoline, four smoke grenades (two detonated and two undetonated) and bag of consumer grade fireworks, as well as a credit card authorities say was used to rent the U-Haul. The gun was purchased from a licensed pawn shop in Ohio in 2011, the ATF determined.
The gun, and the purchase of a gas mask on eBay, are among the pieces of evidence that elevated James from person of interest to suspect, sources said.
Investigators also grew more comfortable calling James a suspect after they re-interviewed witnesses who initially gave a height description of the gunman that did not match James' 6-foot-2 frame.
Phantom Fireworks confirmed in a statement that James purchased products in Wisconsin believed to have been left behind in the 36th Street subway station.
Authorities have discovered no meaningful felony arrests in James' criminal history, only a number of misdemeanor charges. But James was known to the NYPD with a rap sheet spanning six years, 1992 to 1998, with nine prior arrests.
RELATED | Witnesses describe chaotic scene after NYC subway shootings
Profanity-laced social media posts from James seem to be highly critical of the mayor for his homeless policy, including videos filled with racist and sexist insults and rambling rants about Adams' crackdown on people living in the subway.
Mayor Adams appeared on Good Morning America Wednesday and said officials are considering the use of state-of-the-art metal detectors in the city's subway system moving forward.
"It's not the traditional metal detectors that you see at airports," Adams said. "Technology has advanced so much. When you think about it, we have not advanced with technology. The cities...when it comes down to protecting the citizens better, I'm open to all technology."
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Submit a News Tip | https://abc7ny.com/brooklyn-shooting-nyc-subway-frank-james-sunset-park/11746831/ | 2022-04-14T09:22:02 | 0 | https://abc7ny.com/brooklyn-shooting-nyc-subway-frank-james-sunset-park/11746831/ |
Dear Amy: I’ve been married to my husband for 29 years. He’s a good dad to our grown children and a good husband to me.
One thing gives me a lot of anxiety and causes heated arguments: I would like to visit my family and friends in Greece, where I am originally from.
He does not have as much time off from work as I do, and he dislikes taking long trips. He’s a homebody.
I have more time off from work, and I have the time and the means to travel to my homeland for a visit.
My husband and I have arguments over me traveling with our kids, or going away with my girlfriends for a couple of days. He always guilts me or makes me afraid to go, and sometimes he even threatens me with a divorce if I go. We end up having huge fights about this.
Otherwise, he lets me do whatever I like to do. He will absolutely not see a therapist. I sometimes feel trapped because I have to make my case each time for why I want to go anywhere.
I wish I had a magic wand to make him understand that it is important for me to be with my family and to occasionally take overnight trips to see people in order to stay connected.
Your suggestions?
– Homebound
Dear Homebound: Other than controlling your time away from your home, your husband “lets you do whatever you like to do.”
Yes, marriage is fueled by compromise, but one partner should not actually be in charge of the other.
The kindest assumption is that your husband feels extremely anxious about you being away from home, and he reacts to his anxiety by acting out and trying to control you.
I suggest that you sit down with him and say: “Over the next 12 months, I plan to be away from home overnight for a total of around 14 [or whatever number] nights. This includes a trip to Greece, and an overnight or two with the kids or my friends. I’d love for you to come with me to Greece, if you can swing it. I understand that this is hard for you.”
If your relatively brief sojourns away from home inspire him to threaten divorce or emotionally punish you, then you need to decide whether you are willing to tolerate that in order to stay with him.
Threats of divorce are an extremely manipulative tool to try to control you, made by someone who feels very out of control. These threats actually weaken your relationship. If this is his “go to” nuclear option, then you should call him on it.
Dear Amy: My best friend has the annoying habit of copying me.
If I upgrade my phone, she upgrades hers. If I buy a designer purse, she’ll purchase the same brand.
If I tell her I’ve had lunch in a nearby town, she’ll ask where and later book a table.
I spend time researching what I buy, where I shop, and new places to visit.
It feels like she uses me as a concierge or personal shopper.
I used to joke with my husband, “Let’s see how long it takes her to buy one like this.” Over time, though, her behavior has worn thin. It infuriates me.
Is she being competitive? Envious? Clueless?
She sometimes does the same thing with her daughters.
I hope you can offer a fresh perspective that will make it possible for me to broach the subject with her.
– Copied
Dear Copied: The “appropriate” response is to feel flattered.
Your actual response is to feel annoyed. Part of the joy of your curation-experience is to find special items or experiences that are unique to you.
Tell her! Say, “I think I’m not ‘supposed’ to feel this way, but – honestly – when you duplicate my purchases, I notice it and … it bothers me.”
Dear Amy: My wife and I are planning our anniversary celebration for the end of July, with more than 100 expected guests from nearby cities and a few from out of state on our invite list.
When should we send invitations?
– Wondering
Dear Wondering: July can be a busy month for people who may already be scrambling to put their summer plans together.
Send a “Save the Date” email now, noting the particulars and asking people to put this on their calendars.
Send your invitation in late-May or early June; this will give everyone several weeks to RSVP.
You can email Amy Dickinson at askamy@amydickinson.com or send a letter to Ask Amy, P.O. Box 194, Freeville, NY 13068. | https://www.al.com/life/2022/04/ask-amy-my-homebody-husband-threatens-divorce-when-i-plan-to-go-out-of-town.html | 2022-04-14T09:29:12 | 0 | https://www.al.com/life/2022/04/ask-amy-my-homebody-husband-threatens-divorce-when-i-plan-to-go-out-of-town.html |
DEAR ABBY: My husband, “Jonah,” comes from a large family. They are rude people who live in a small, rural town, and they don’t like outsiders. Jonah and I have been together 15 years (married for eight), and I have never been invited to his mother’s home or some of his siblings’ homes.
We love to entertain, so they attend our holiday parties, where they literally walk in without greeting me. They eat all our food and leave without saying goodbye or even helping with the cleanup. It’s “pack behavior.” They do this all together. I have reached the point that I no longer want to host these events. I feel uncomfortable in my own home.
Jonah and I have started cutting back on the number of parties we host, and now they are making rude comments about it. My husband acknowledges that they’re a bunch of miserable, rude people, but that doesn’t help the situation.
I don’t want anything to do with them, and I don’t want to be forced to keep inviting a bunch of ungrateful individuals who don’t have even the common courtesy to speak to me. How can I make Jonah understand how I feel? Please help. -- ANNOYED IN NEW JERSEY
DEAR ANNOYED: If you have expressed to your husband what you have written in your letter, he DOES understand, but doesn’t want to acknowledge it. The way his family has treated you is deplorable. If you don’t wish to entertain them, let your husband buy and prepare the food and do the cleanup with no help from them afterward, while you go and do something alone or with people whose company you enjoy. He can also visit his relatives without you if he wishes.
DEAR ABBY: My adult granddaughter, “Kaia,” is in a relationship with “Jenny.” Jenny’s stepmom doesn’t believe in gay marriage or homosexuality. I’m having a hard time dealing with the fact that Jenny’s family doesn’t accept Kaia or allow her in their home. Kaia is excluded from all holidays and family functions.
I don’t know what to do or say to her about this. They are getting married in two months, and Jenny’s family is still shunning her. How do I deal with these “holy rollers” who use the church as a reason to hate my granddaughter? I don’t want to die knowing she’ll have a miserable life ahead of her. Please help me. -- SUPPORTIVE IN CALIFORNIA
DEAR SUPPORTIVE: If Jenny’s family are truly good Christians, they may not dislike your granddaughter. They may be following a misguided directive to love the “sinner” but hate the “sin.”
I cannot advise strongly enough that Kaia and Jenny discuss the ramifications of that family’s stance BEFORE they marry. I am surprised Jenny would attend family gatherings from which Kaia is excluded. If this continues after the marriage, it could damage their relationship. A counselor at the nearest LGBTQ center would be helpful in facilitating this discussion.
Be as supportive to your granddaughter and Jenny as you can so they know you’re always in their corner. Encourage them to cultivate their own “chosen family” as they move into their future.
Dear Abby is written by Abigail Van Buren, also known as Jeanne Phillips, and was founded by her mother, Pauline Phillips. Contact Dear Abby at www.DearAbby.com or P.O. Box 69440, Los Angeles, CA 90069. | https://www.al.com/life/2022/04/dear-abby-i-resent-hosting-my-husbands-miserable-rude-family-during-holidays.html | 2022-04-14T09:29:18 | 1 | https://www.al.com/life/2022/04/dear-abby-i-resent-hosting-my-husbands-miserable-rude-family-during-holidays.html |
With his sweeping domestic agenda on hold and images of horror in Ukraine dominating headlines, President Joe Biden is scrounging for ways to demonstrate that he’s still making progress for Americans at a time when many feel the country is heading in the wrong direction.
Six months out from the midterm elections, Biden’s team is betting that smaller, discrete announcements can break through to voters better than talk of transformational plans that are so far only aspirational. And as the global focus is on Ukraine, the White House is eager for Americans to see Biden tackling the kitchen-table issues important to them –- none more so than the searing inflation exacerbated by the Russian invasion.
Last week, that meant aides positioned big rigs outside the White House so Biden could talk about efforts to get more truck drivers on the road. A day later, he welcomed back former President Barack Obama for the signing of an executive order updating the Affordable Care Act. And after that, he signed bipartisan legislation intended to safeguard the U.S. Postal Service’s financial future.
This week, he’s notching his heaviest domestic travel in months. On Thursday, he is to visit Greensboro, North Carolina, to highlight his plans to boost domestic supply chains and high-tech workforces. It comes after a Tuesday stop in Iowa to announce that his administration was granting a waiver to allow more ethanol in gasoline year-round, a move that officials estimated would shave 10 cents per gallon off gasoline prices — but at just 2,300 gas stations out of the nation’s more than 100,000.
More Biden Administration Coverage
The White House says the public focus on the war in Ukraine is “understandable” and it's realistic about the challenges facing Biden in breaking through.
“While the world needs to understand and see how he is leading on the war, the country needs to see how he is continuing to lead on the economy,” White House press secretary Jen Psaki said Wednesday. “Being able to continue to speak to our domestic audience about that is a huge priority. And his schedule tells the story of how much of a priority it is.”
All of the policies Biden is touting will have a direct impact on American lives — but they also fall far short of the goals that Biden set for himself when taking office. Taken together, they show how the White House is trying to regain momentum at a time when Biden is under pressure to recalibrate his ambitions.
“I think it makes good strategic sense that, if you’re going to be stymied by Congress, you take matters into your own hands,” said Eric Schultz, a communications official in the Obama White House.
It’s a dynamic that Obama himself confronted, particularly in his second term in office, when he used his executive authority to push forward his agenda as much as possible.
“It’s not a coincidence that this strategy emerged when Republicans threw up their hands and decided they didn’t want to be governing partners,” Schultz said.
Schultz said Democrats need to demonstrate they’re making progress even if they’re not passing the sweeping legislation they promised.
“Did we accomplish everything we wanted to? No,” he said. “But did we roll up our sleeves every day and push the needle forward? Yes.”
While there have been successes, notably the confirmation of Judge Ketanji Brown Jackson to be the first Black woman on the Supreme Court, much of Biden’s agenda remains stalemated — or worse.
Lawmakers are struggling to hash out a bipartisan compromise on legislation that’s intended to help the U.S. compete economically with China. Biden’s sweeping Build Back Better legislation is dead in the water, waiting for Democratic Sen. Joe Manchin to decide what, if anything, he’ll support. Immigration reform, gun control legislation and voting reform have fallen out of the national conversation.
That’s left Biden touting the benefits of infrastructure legislation that passed last year — old bridges slated for replacement are a staple of his domestic travels — and looking for other, small policies that can be advanced.
Adam Green, co-founder of the Progressive Change Campaign Committee, said smaller initiatives are only going to help if they “lay the groundwork for passing much bigger policies.”
“Singles are fine if they’re a prelude to a grand slam,” he said, adding that Democrats face “a motivation challenge" ahead of the midterms. “Democrats are not going to get people to the polls with a lot of singles.”
William Galston, a senior fellow at the Brookings Institution, said Biden is trying to make the most of a difficult situation.
“He’s doing what he can now that some of his grander plans have been sidetracked,” he said.
Galston recalled a similar strategy when he worked on domestic policy for President Bill Clinton. Before the midterms in 1994, the White House worked on “running up the score” with policy proposals that were less controversial.
“It was just what happened when the White House conceded defeat on its central agenda item,” which was health care reform for Clinton.
“Those smaller victories made absolutely no difference in the midterms. The fact that they were below the radar screen was good news for passing legislation, but bad news for their political effectiveness,” he said. For Biden, “that’s likely to be the case this time, too.” | https://www.nbcnewyork.com/news/politics/thinking-small-biden-scrounges-for-ways-to-break-through/3645626/ | 2022-04-14T09:43:35 | 0 | https://www.nbcnewyork.com/news/politics/thinking-small-biden-scrounges-for-ways-to-break-through/3645626/ |
Most people know Edmond Rostand's 1897 play Cyrano de Bergerac as a romantic, swashbuckling classic, staged with swords and capes and a big prosthetic nose. But a new production opening Wednesday at the Brooklyn Academy of Music, with film star James McAvoy as Cyrano, dispenses with all that.
Instead, there's beatboxing, a multiracial cast in modern dress and Scottish actor McAvoy with his own regular-sized nose, rapping about how very large it is. Cyrano tells the story of a romantic triangle — the poetic soldier Cyrano loves the beautiful and witty Roxane, who in turn loves the handsome, but tongue-tied Christian. So, Cyrano helps the young man win Roxane by providing him with the words he doesn't have.
"This is about three people who are objectified and who suffer because of their objectification," says McAvoy. "Whether they're objectified because they are beautiful or ugly or not. It's about the feeling. And I think that not having the nose allows us to see all their pain." And wit. And passion.
The spartan staging, where actors frequently speak into microphones and sit looking directly at the audience, instead of each other, provides a feeling of closeness. "From an acting point of view, it makes eye contact feel so intimate," says Evelyn Miller, whose Roxane is portrayed as a college student wearing a denim jumpsuit. "To turn and look [at another actor], after doing a five-minute scene where you haven't looked at them at all — you've just been listening profoundly and intensely — to suddenly turn and make eye contact feels so intimate."
Listening to the language profoundly and intensely in this contemporary adaptation is what director Jamie Lloyd is after — not just for the actors, but for the audience. "We paint on the back wall ... a particular sentence that Cyrano says: 'I love words. That's all,'" he says. "And in a way, that became the kind of defining idea of the entire production; it was only about the words, in a play that features characters that are obsessed with language."
He says they use language in ways that can be wonderful or damaging. At one point, Cyrano wins a duel, purely with his linguistic gifts. You don't need to see a sword to know that he's cut his opponent to the quick.
Lloyd commissioned playwright Martin Crimp to write the adaptation. Since Crimp is fluent in French, he read the Rostand in the original. "The thing that I responded to most strongly as a writer is the language, is the virtuosic display," Crimp says. "One rule [for me] was that the rhyming couplets were really important. If I got rid of those, I'd be throwing out the baby with the bathwater."
Lloyd highlights the language in different ways: Because the actors talk directly into their microphones, they can speak softly and everyone in the theater can hear them. "In many ways, it's more like screen acting than stage acting," he says. "And, in fact, even more than that, it's more like radio acting."
For McAvoy, the style of this nose-less Cyrano, which has played in Glasgow and won an Olivier for Best Revival in London, forces audiences to lean in. "I've never experienced silences in the audience like this," the actor says. "I've experienced pauses and things like that. But the silence in the audience is unbelievable."
It's a response McAvoy hopes Cyrano gets from Brooklyn audiences, as well.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.mainepublic.org/2022-04-14/a-stripped-down-cyrano-a-london-import-is-all-about-language | 2022-04-14T09:47:13 | 0 | https://www.mainepublic.org/2022-04-14/a-stripped-down-cyrano-a-london-import-is-all-about-language |
Police in Grand Rapids have released videos of an incident earlier this month when an unnamed officer shot a Black man in the back of his head following an apparent struggle for the officer's Taser.
Copyright 2022 Michigan Radio
Police in Grand Rapids have released videos of an incident earlier this month when an unnamed officer shot a Black man in the back of his head following an apparent struggle for the officer's Taser.
Copyright 2022 Michigan Radio | https://www.mainepublic.org/2022-04-14/a-video-shows-a-michigan-officer-on-a-black-mans-back-before-he-fatally-shot-him | 2022-04-14T09:47:19 | 1 | https://www.mainepublic.org/2022-04-14/a-video-shows-a-michigan-officer-on-a-black-mans-back-before-he-fatally-shot-him |
Rhode Island was the first state to legalize sites where people can bring illegal drugs and use them while being monitored for overdose. Local communities still need to be convinced to host one.
Copyright 2022 The Public's Radio
Rhode Island was the first state to legalize sites where people can bring illegal drugs and use them while being monitored for overdose. Local communities still need to be convinced to host one.
Copyright 2022 The Public's Radio | https://www.mainepublic.org/2022-04-14/communities-are-divided-over-rhode-islands-plan-for-safe-drug-injection-sites | 2022-04-14T09:47:25 | 0 | https://www.mainepublic.org/2022-04-14/communities-are-divided-over-rhode-islands-plan-for-safe-drug-injection-sites |
Climate change is bringing more extreme weather that often leads to mass power outages. That has more Americans installing home generators. (Story originally aired on ATC on Jan. 31, 2022.)
Copyright 2022 NPR
Climate change is bringing more extreme weather that often leads to mass power outages. That has more Americans installing home generators. (Story originally aired on ATC on Jan. 31, 2022.)
Copyright 2022 NPR | https://www.mainepublic.org/2022-04-14/encore-home-generator-sales-spike-with-mass-outages-climate-change-and-covid | 2022-04-14T09:47:31 | 1 | https://www.mainepublic.org/2022-04-14/encore-home-generator-sales-spike-with-mass-outages-climate-change-and-covid |
The music video remains one of the most popular of all time. The iconic blue guitar that Kurt Cobain played in that video will be up for auction next month.
Copyright 2022 NPR
The music video remains one of the most popular of all time. The iconic blue guitar that Kurt Cobain played in that video will be up for auction next month.
Copyright 2022 NPR | https://www.mainepublic.org/2022-04-14/guitar-from-nirvanas-smells-like-teen-spirit-video-will-be-sold-at-auction | 2022-04-14T09:47:37 | 0 | https://www.mainepublic.org/2022-04-14/guitar-from-nirvanas-smells-like-teen-spirit-video-will-be-sold-at-auction |
The House investigation of the 2021 attack on the U.S. Capitol is in its final stages. NPR's A Martinez talks to Rep. Zoe Lofgren, a member of the Jan. 6 panel, about what's next.
Copyright 2022 NPR
The House investigation of the 2021 attack on the U.S. Capitol is in its final stages. NPR's A Martinez talks to Rep. Zoe Lofgren, a member of the Jan. 6 panel, about what's next.
Copyright 2022 NPR | https://www.mainepublic.org/2022-04-14/jan-6-panel-must-invite-trump-to-testify-committee-member-rep-lofgren-says | 2022-04-14T09:47:43 | 1 | https://www.mainepublic.org/2022-04-14/jan-6-panel-must-invite-trump-to-testify-committee-member-rep-lofgren-says |
Morning news brief By Leila Fadel, Steve Inskeep Published April 14, 2022 at 5:06 AM EDT Facebook Twitter LinkedIn Email Listen • 11:21 People in Grand Rapids, Mich., protest the killing of a Black man by police. The suspect in the Brooklyn subway shooting is in custody. The U.S. is assisting Ukraine in its war crimes probe. Copyright 2022 NPR | https://www.mainepublic.org/2022-04-14/morning-news-brief | 2022-04-14T09:47:50 | 1 | https://www.mainepublic.org/2022-04-14/morning-news-brief |
The Centers for Disease Control and Prevention will require travelers to mask up in airports, planes, buses, trains and at transit hubs until May 3. That mandate had been set to expire next week.
Copyright 2022 NPR
The Centers for Disease Control and Prevention will require travelers to mask up in airports, planes, buses, trains and at transit hubs until May 3. That mandate had been set to expire next week.
Copyright 2022 NPR | https://www.mainepublic.org/2022-04-14/the-federal-transportation-mask-mandate-has-been-extended | 2022-04-14T09:47:56 | 1 | https://www.mainepublic.org/2022-04-14/the-federal-transportation-mask-mandate-has-been-extended |
The U.S. and European allies have accused Russia of war crimes in Ukraine. The Biden administration says it's helping Ukraine investigate. The Justice Department and State Department are assisting.
Copyright 2022 NPR
The U.S. and European allies have accused Russia of war crimes in Ukraine. The Biden administration says it's helping Ukraine investigate. The Justice Department and State Department are assisting.
Copyright 2022 NPR | https://www.mainepublic.org/2022-04-14/ukraines-probe-into-russian-war-crimes-will-get-help-from-the-u-s-and-others | 2022-04-14T09:48:02 | 1 | https://www.mainepublic.org/2022-04-14/ukraines-probe-into-russian-war-crimes-will-get-help-from-the-u-s-and-others |
A few hundred Ukrainian refugees have made it to the U.S. A family in Arlington, Va., has been hosting a Ukrainian refugee and her two children since March 8.
Copyright 2022 NPR
A few hundred Ukrainian refugees have made it to the U.S. A family in Arlington, Va., has been hosting a Ukrainian refugee and her two children since March 8.
Copyright 2022 NPR | https://www.mainepublic.org/2022-04-14/we-meet-one-of-the-first-ukrainian-families-to-arrive-in-the-u-s | 2022-04-14T09:48:08 | 1 | https://www.mainepublic.org/2022-04-14/we-meet-one-of-the-first-ukrainian-families-to-arrive-in-the-u-s |
A year after President Biden announced plans to withdraw from Afghanistan, NPR's A Martinez talks to Cecilia Muñoz, a former Obama White House official, about how Afghan refugees are faring.
Copyright 2022 NPR
A year after President Biden announced plans to withdraw from Afghanistan, NPR's A Martinez talks to Cecilia Muñoz, a former Obama White House official, about how Afghan refugees are faring.
Copyright 2022 NPR | https://www.mainepublic.org/2022-04-14/welcome-us-helps-refugees-such-as-afghans-and-ukrainians-settle-in-the-u-s | 2022-04-14T09:48:14 | 1 | https://www.mainepublic.org/2022-04-14/welcome-us-helps-refugees-such-as-afghans-and-ukrainians-settle-in-the-u-s |
Throughout the pandemic, music venues have had to close across the country. Many owners believed their business insurance would help. But, it turns out, their policies weren't designed for COVID-19.
Copyright 2022 NPR
Throughout the pandemic, music venues have had to close across the country. Many owners believed their business insurance would help. But, it turns out, their policies weren't designed for COVID-19.
Copyright 2022 NPR | https://www.mainepublic.org/2022-04-14/what-happens-when-insurance-companies-decline-to-cover-losses-due-to-a-pandemic | 2022-04-14T09:48:20 | 1 | https://www.mainepublic.org/2022-04-14/what-happens-when-insurance-companies-decline-to-cover-losses-due-to-a-pandemic |
KYIV, Ukraine — Ukrainian forces said they struck and seriously damaged the flagship of Russia's Black Sea fleet, dealing a potentially major setback to Moscow's forces as they try to regroup for a renewed offensive in eastern Ukraine after retreating from much of the north, including the capital.
Russia said Thursday the entire crew of the Moskva, a warship that would typically have 500 sailors on board, was forced to evacuate after a fire overnight and also reported it was badly damaged. It did not acknowledge any attack, which would also deal a major blow to Russian prestige seven weeks into a war that is already widely seen as a historic blunder.
The reported ship attack came hours after Ukraine's allies sought to rally new support for the embattled country. On a visit with leaders from three other countries on Russia's doorstep who fear they could next be in Moscow's sights, Lithuania's President Gitanas Nauseda declared that “the fight for Europe’s future is happening here.”
Meanwhile, U.S. President Joe Biden, who called Russia’s actions in Ukraine “a genocide” this week, approved $800 million in new military assistance to Kyiv. He said weapons from the West have sustained Ukraine’s fight so far and “we cannot rest now.”
The news of the flagship's damage overshadowed Russian claims of advances in the southern port city of Mariupol, where they have been battling the Ukrainians since the early days of the invasion in some of the heaviest fighting of the war — at a horrific cost to civilians.
Russian Defense Ministry spokesman Maj.-Gen. Igor Konashenkov said Wednesday that 1,026 troops from the Ukrainian 36th Marine Brigade surrendered at a metals factory in the city. But Vadym Denysenko, adviser to Ukraine’s interior minister, rejected the claim, telling Current Time TV that “the battle over the seaport is still ongoing today.”
It was unclear when a surrender may have occurred or how many forces were still defending Mariupol.
Russian state television broadcast footage Wednesday that it said was from Mariupol showing dozens of men in camouflage walking with their hands up and carrying others on stretchers or in chair holds. One man held a white flag.
Mariupol's capture is critical for Russia because it would put a swath of territory in its control that would allow its forces in the south, who came up through the annexed Crimean Peninsula, to link up with troops in the eastern Donbas region, Ukraine's industrial heartland and the target of the coming offensive.
Moscow-backed separatists have been battling Ukraine in the Donbas since 2014, the same year Russia seized Crimea. Russia has recognized the independence of the rebel regions in the Donbas.
But the loss of the Moskva, which satellite images show was at the port of Sevastopol in Crimea a week ago, could set those efforts back.
The governor of the Odesa region, Maksym Marchenko, said the Ukrainians struck the guided-missile cruiser with two Neptune missiles and caused “serious damage.” Russia’s Defense Ministry said ammunition on board detonated as a result of a fire.
It was not clear if the ship was totally disabled, but even serious damage could be a major blow to Russia, which already saw its tank carrier Orsk hit late last month.
Hours after the attack was reported, Ukrainian authorities said on the Telegram messaging service that explosions had struck Odesa, Ukraine's largest port which lies on the Black Sea, as does Sevastopol. They urged residents to remain calm and said there is no danger to civilians.
Russia invaded on Feb. 24 with the goal, according to Western officials, of rapidly seizing Kyiv, toppling the government and installing a Moscow-friendly replacement. But the ground advance stalled in the face of strong Ukrainian resistance with the help of Western arms, and Russia has lost potentially thousands of fighters. The conflict has killed untold numbers of Ukrainian civilians and forced millions more to flee.
A U.N. task force warned that the war threatens to devastate the economies of many developing countries that are facing even higher food and energy costs and increasingly difficult financial conditions. U.N. Secretary-General Antonio Guterres said the war is “supercharging” a crisis in food, energy and finance in poorer countries that were already struggling to deal with the COVID-19 pandemic, climate change and a lack of access to funding.
The war has also unsettled the post-Cold War balance in Europe — and particularly worried countries on NATO's eastern flank that fear they could next come under attack. As a result, those nations have been some of Ukraine's staunchest supporters.
The presidents of Poland, Lithuania, Latvia and Estonia traveled Wednesday to war-ravaged areas in Ukraine and demanded accountability for what they called war crimes. They met with Ukrainian President Volodymyr Zelenskyy and visited Borodyanka, one of the towns near Kyiv where evidence of atrocities was found after Russian troops withdrew to focus on the country's east.
"There are no doubts that they committed war crimes. And for that, they should be accountable,” Latvian President Egils Levits said.
Nauseda of Lithuania called for tougher sanctions, including against Russian oil and gas shipments and all the country’s banks.
In his nightly address, Zelenskyy noted that the prosecutor of the International Criminal Court visited the Kyiv suburb of Bucha, which was controlled by Russian forces until recently and where evidence of mass killings and more than 400 bodies were found.
“It is inevitable that the Russian troops will be held responsible. We will drag everyone to a tribunal, and not only for what was done in Bucha,” Zelenskyy said late Wednesday.
He also said work was continuing to clear tens of thousands of unexploded shells, mines and trip wires left in northern Ukraine by the departing Russians. He urged people returning to homes to be wary of any unfamiliar objects and report them to police.
___
Associated Press writer Robert Burns in Washington, and AP journalists around the world contributed to this report. | https://www.5newsonline.com/article/news/nation-world/ukraine/russian-flagship-ukraine/507-4fa3d1ee-c250-4e8c-9347-1a0f72049512 | 2022-04-14T09:48:28 | 1 | https://www.5newsonline.com/article/news/nation-world/ukraine/russian-flagship-ukraine/507-4fa3d1ee-c250-4e8c-9347-1a0f72049512 |
GREENWOOD — In the current job market, one Greenwood-based business knows it needs to stand out to attract top talent in a high demand industry.
"So [the] multifamily and construction industry sometimes isn't always so glamorous," said Anna Larson, the internship program director for Garrett Companies. "We are pushing dirt, moving dirt."
The Garrett Companies is based in Greenwood but builds apartment complexes all across the country, including a new project going up in the shadow of their headquarters in Johnson County.
"But the reality is we are building homes for people," said Larson. "And people will always need a place to live."
It is a full service company, focusing on multi family development, construction and property management and they are staying busy. Which is why four years ago, the company created a robust internship program for both high school and college students to create a pipeline to their industry.
They started out with five interns. This summer, Garrett Companies plans to welcome nearly 30 interns on board for this hands-on opportunity.
Larson says they take a very holistic approach, where interns won't sit behind a cubicle doing various tasks throughout the day. Interns are involved in all aspects of the company, so she says it is perfect for students who aren't exactly sure what they want to do after school. Plus, the company offers a number of opportunities for professional development and fun.
"A speaker series, professional development, networking events," said Larson. "We do a service project which is really unique. Our interns are given a budget and a project and its up to them to make it happen using their different skill sets."
The approach is working. Right now, Garrett Companies has seven people on staff who started out as interns and more are set to arrive post-graduation this May.
Riley Shives, a part-time corporate accountant with Garrett Companies, started his journey as an intern and will step on full-time with the business after he completes school.
"Coming into my internship program, I really didn't know much about the industry: construction, real estate and development," said Shives. "Internships are really a great stepping stone between your school and your books and actual business."
Shives says not only did he gain industry knowledge and skills during his internship, but he also got immersed immediately into the company's culture through all of the programming. Plus, he had the opportunity to help mentor the high school interns. He says he made connections and friendships through this experience to last a lifetime.
He has advice to students considering any internship opportunity this summer.
"Don't be afraid to step out of your comfort zone and take the risk," said Shives. "Be willing to show up every day and ask questions, and be willing to grow."
The Garrett Companies internship program also landed a top spot on Firsthand's top 100 internship list, coming in at 29th in the nation. In addition, The Garrett Companies was awarded the 3rd best construction internship in the country.
There are still spots open for this summer's program. | https://www.wrtv.com/news/hiring-hoosiers/hiring-hoosiers-greenwood-based-business-creates-talent-pipeline-through-internship-experience | 2022-04-14T10:00:14 | 0 | https://www.wrtv.com/news/hiring-hoosiers/hiring-hoosiers-greenwood-based-business-creates-talent-pipeline-through-internship-experience |
Murphy issues ‘clarification’ on NJ COVID vaccine mandate
Healthcare workers and others that work in so-called "congregate settings" will not have to receive a second booster dose of COVID-19 vaccine to keep their jobs.
Gov. Phil Murphy issued a new executive order on Wednesday that clarified the definition of “up to date” to include only one booster dose and to clarify that a second booster dose is not required.
In a statement, Murphy urged healthcare workers to voluntarily get the second dose, as he said he did himself, but is not making it a requirement of employment.
"Even though it is not required, I encourage New Jerseyans who the CDC has advised would benefit from their second booster to roll up their sleeves and give themselves an added dose of defense against COVID-19, like I did yesterday," Murphy said.
Under Executive Order No. 294: "A covered worker is considered “up to date with their COVID-19 vaccinations” if they have received a primary series, which consists of either a 2-dose series of an mRNA COVID-19 vaccine or a single dose COVID-19 vaccine and the first booster dose for which they are eligible, as recommended by the Centers for Disease Control and Prevention."
The clarification comes just days after the April 11 deadline for healthcare workers to prove they had gotten boosted, or risk losing their jobs.
The numbers here in New Jersey and from around the nation are clear – getting boosted is directly linked to less-severe COVID-19 symptoms and illness and far lower rates of hospitalization and death. Our steadfast vaccination efforts have effectively lowered the risk we face in New Jersey, and as we navigate the path to normalcy, we must continue to do all we can to protect ourselves, our families, and our communities. - Gov. Phil Murphy
It is unclear how many healthcare workers have refused to get the extra dose of COVID vaccine.
New Jersey hospitals had reported better than 90% compliance with the original order requiring full vaccination, but The New Jersey Hospital Association says they do not have figures on booster compliance.
In the general population, 6,840,819 people who live, work or study in New Jersey have received the first full course of vaccination. However, less than half have received even one booster dose.
Eric Scott is the senior political director and anchor for New Jersey 101.5. You can reach him at eric.scott@townsquaremedia.com
Click here to contact an editor about feedback or a correction for this story. | https://nj1015.com/murphy-issues-clarification-on-nj-covid-vaccine-mandate/ | 2022-04-14T10:00:15 | 0 | https://nj1015.com/murphy-issues-clarification-on-nj-covid-vaccine-mandate/ |
BOSTON — It was the achievement of the 1960s, landing a man on the moon. The historic event was a direct result of President John F. Kennedy and his "moonshot" program.
Now, President Joe Biden has a similar ambition—cutting deaths related to cancer.
CANCER IMPACTS EVERYONE
The thing about cancer is that it really doesn't care what plans you have.
"Your whole universe goes into sky fall," Karen Howley LaCamera said about her own ovarian cancer diagnosis.
"I am still angry," Dana Bernson said as she reflects on her late husband Jon who passed away when she was just 29.
LaCamera and Bernson are just two of the countless cancer stories that can be told in the United States. Every American seems to have their own story of a friend or family member getting the horrific news from a doctor.
Each year in the United States, there are over 1.8 million cancer diagnoses and over 600,000 deaths.
BIDEN'S MOONSHOT
There is a lot going on in our country, but one issue that may fly a bit under the radar is what Biden calls his "cancer moonshot."
“We can end cancer as we know it," Biden said at a recent press event.
It's modeled after Kennedy's dream of going to the moon. In his budget released last month, the President requested billions from Congress for new research.
It's a program that started during the Obama administration when Biden was vice president. The President wants the death rate from cancer cut by at least 50% over the next 25 years with a focus on funding new research methods.
WHAT CAN CHANGE?
So much of what is talked about in Washington never really happens so you may be curious how close are we to really curing cancer or cutting down the number of deaths? For answers, we went to the Dr. Dana Farber Cancer Institute in Boston.
"Can cancer be cured in our lifetime?" correspondent Joe St. George asked Dr. Harold Bernstein, an oncologist and lecturer at Harvard University.
"Cancer isn't just one thing," Burstein explained.
"The Kennedy moonshot was actually pretty easy—cancer is a more complicated problem," Burstein said.
The doctor believes this moonshot is a lot harder. In the 1960s, NASA had the science.
"We don't have all the science we need," Burstein said.
However, spending billions he says will help create better treatments and screenings.
"We don’t have a test to do early detection of pancreatic cancer," Burstein cited as one example.
Burstein says taxpayer-funded research could change that in our lifetime, while a cure is less likely.
"Would that be a blood test," St. George asked.
"Probably," Burstein said.
One of the biggest issues more funding might solve is access to screenings that work. Of course, more screenings can result in fewer deaths.
Burstein envisions fewer appointments in hospitals and more mobile vans that can provide screenings like mammograms.
"It’s not cheap but it’s more costly to treat cancer," Burstein added.
So what are the doctors' concerns? The pandemic showed us that when the government gets involved in health care, some distrust is created. For this to work, it can’t be political.
SURVIVING AND LIVING
As for LaCamera and Bernson, both women are actively doing their own part to cut down on deaths the best they can.
LaCamera speaks on behalf of the Dana Farber Cancer Institute to help encourage women to get screened.
Meanwhile, Bernson volunteers with the American Cancer Society.
"How is it that I made it through," LaCamera reflects each day.
Thankful for being able to share Jon’s story and explain why I use my voice to advocate as an @acscan and @ACSCANMA volunteer with @JoeStGeorge from @EWScrippsCo this morning
— Dana Bernson (@dlbernson) March 18, 2022
🎤 📺 pic.twitter.com/uj1avFjjis
"I was lucky to find a new fantastic partner," Bernson says with a smile as she tries to honor her late husband.
"I think cancer has touched all of us," LaCamera said. | https://www.wrtv.com/news/national-politics/what-can-president-bidens-cancer-moonshot-actually-achieve | 2022-04-14T10:00:20 | 0 | https://www.wrtv.com/news/national-politics/what-can-president-bidens-cancer-moonshot-actually-achieve |
Casting Crowns got its official start in 2003. Beginning as a youth group worship band, Casting Crowns found chart-topping success with Christian hits like "East to West" and "The Voice of Truth." The band typically tours on just the weekends as most members work in ministry during the week.
Christian group Casting Crowns will perform at the BancorpSouth Arena in Tupelo next Friday, April 22 starting at 7 p.m. The long-running band will perform alongside We The Kingdom, a Christian band that has found recent success in the realm of faith-based music.
Casting Crowns got its official start in 2003. Beginning as a youth group worship band, Casting Crowns found chart-topping success with Christian hits like "East to West" and "The Voice of Truth." The band typically tours on just the weekends as most members work in ministry during the week.
Courtesy
Christian group Casting Crowns will perform at the BancorpSouth Arena in Tupelo next Friday, April 22 starting at 7 p.m. The long-running band will perform alongside We The Kingdom, a Christian band that has found recent success in the realm of faith-based music.
TUPELO • One of the most popular contemporary Christian bands in the country will return to Tupelo next week.
The Grammy- and Dove-winning band Casting Crowns will entertain concertgoers at the BancorpSouth Arena on Friday, April 22, beginning at 7 p.m. The faith-based rock group will perform alongside We The Kingdom, a Christian group that has found chart-topping success in recent years.
The band has stopped in Tupelo multiple times while touring over the years.
Casting Crowns has been spreading the Gospel with their own unique blend of traditional rock and spirituality since 2003. In the years since they began recording, they have produced hits like "Who Am I," "East to West" and "Voice of Truth."
Some of We The Kingdom's more popular songs include "Holy Water" and "God So Loved."
Casting Crowns lead singer Mark Hall said the band typically only tours on the weekends. Throughout the week, the members all work in Christian ministry.
Hall said he's thrilled to be returning to Tupelo with one of his favorite contemporary rock groups.
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"We The Kingdom is one of our favorite worship bands," said Hall. "We've been leading their songs at our church for a long time."
The lead singer said the goal of the concert is to offer a high energy, family-oriented experience.
"We want to remind everyone that Jesus is the healer. He is hope, unity and peace," said the youth pastor. "Everyone that came to Jesus came to him for what they thought he could give them. The person of who Jesus is is what we need."
Hall also hopes to provide audience members with the same messages he delivers as church leader.
"We tour on the weekends and try to pour into audience what I try to pour into those that I pastor," Hall said.
Tupelo is the first stop on the joint tour which includes visits to Birmingham, Oklahoma City and Raleigh.
For tickets to next weekend's concert, email the BancorpSouth Arena at info@bcsarena.com or call 662-841-6573.
BROOKE BULLOCK BURLESON is a digital producer for the Daily Journal. Contact her at brooke.burleson@djournal.com. | https://www.djournal.com/news/local/christian-band-casting-crowns-to-perform-at-bancorpsouth-arena/article_e2f2f7c5-be93-5324-9a67-01515e6d9f7b.html | 2022-04-14T10:01:31 | 1 | https://www.djournal.com/news/local/christian-band-casting-crowns-to-perform-at-bancorpsouth-arena/article_e2f2f7c5-be93-5324-9a67-01515e6d9f7b.html |
In this file photo from 2017, MLM Clothiers owner Joe Yarber stands inside the downtown Tupelo business. The clothing store will celebrate its 82nd birthday, next week.
MLM Clothiers has been a staple in Tupelo fashion since 1940. This year, they are celebrating their 82nd anniversary with a week full of festivities including discounts, Blue Delta Jeans fittings and welcoming back former employees.
In this file photo from 2017, MLM Clothiers owner Joe Yarber stands inside the downtown Tupelo business. The clothing store will celebrate its 82nd birthday, next week.
THOMAS WELLS | DAILY JOURNAL
MLM Clothiers has been a staple in Tupelo fashion since 1940. This year, they are celebrating their 82nd anniversary with a week full of festivities including discounts, Blue Delta Jeans fittings and welcoming back former employees.
TUPELO • One of downtown Tupelo's most storied businesses will make up for missing its 80th birthday with an all-out celebration for its 82nd.
MLM Clothiers in Tupelo will celebrate its 82nd birthday next week with discounts, prizes and special guests. The business will kick off the festivities on Monday, April 18, and continue to commemorate the anniversary with events throughout the week. A stalwart for Tupelo clothing stores, MLM was established in April of 1940 and has remained at its Spring Street storefront since its inception.
Corinth-turned-Tupelo native Katherine Johnson is the Tupelo staple's store manager. She said this year's celebration will be special in part to make up for pandemic-fueled delays.
"Usually we just have little specials and gift card giveaways, but this year we're going all out," said Johnson, who has been with the store since 2016. "We were going to do this in 2020 for our 80th anniversary, but for obvious reasons, we could not."
A few of next week's festivities include brunch, birthday cake on and custom Blue Delta Jeans fittings.
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The schedule of events is as follows:
Monday: brunch and bloody marys and discounts on athletic wear
Tuesday: custom fittings from Blue Delta Jeans, plus a $75 discount on ordered jeans
Wednesday: discounts on Peter Millar clothing
Thursday: a birthday celebration with hotdogs grilled in the alley and cake
Friday: discounts on Jack Victor clothing and a Jack Victor suit giveaway
Additionally, all T-shirts in store will be 20% off throughout next week, and customers who spend $500 or more will be entered to win a pair of Blue Delta Jeans.
For Johnson, the most rewarding part of managing a business as storied as MLK is adopting customers and coworkers as family.
"MLM is a special place," said Johnson. "We're so much more than a clothing store. I consider my coworkers and customers my family."
BROOKE BULLOCK BURLESON is a digital producer for the Daily Journal. Contact her at brooke.burleson@djournal.com. | https://www.djournal.com/news/local/mlm-clothiers-celebrates-82-years-in-downtown-tupelo/article_13a7e4ee-c907-56f4-b21f-ec75db6a5c49.html | 2022-04-14T10:01:37 | 1 | https://www.djournal.com/news/local/mlm-clothiers-celebrates-82-years-in-downtown-tupelo/article_13a7e4ee-c907-56f4-b21f-ec75db6a5c49.html |
TUPELO • As the longest-serving member of the Tupelo City Council, Ward 4 Councilwoman Nettie Davis understands the important roles patience and perseverance play in achieving her goals.
Now in her sixth term of office, Davis wants to see the continued growth of her community through housing development, infrastructure updates and recreational upgrades. Davis said her goal for this term was to bring in more young people and build up Black-owned businesses in her ward.
To do that, Davis believes building affordable housing to attract first-time buyers is essential.
“I have some areas in my ward that need new housing to recruit young professionals,” she said. “They have some nice projects with beautiful housing, but they are still not coming up with housing that first-time buyers would be interested in.”
While she wants to see housing tackled sooner rather than later, Davis did not offer specifics on what measures she wanted the city to employ other than recruiting more homebuilders to her ward.
Meanwhile, there are multiple building projects already taking place in Ward 4, including the construction of a row of seven homes on Tolbert Street facing Gumtree Park and the continued development along Jackson Street, which crosses through her ward from Front Street to Lumpkin Avenue.
Sidewalks not sitting in the sideline
Davis said sidewalks are an important backbone to a thriving city. The more alternative methods of travel available to a community, the better, she said.
“I would like for our communities to be more walkable,” Davis said. “Sidewalks would be very helpful in our neighborhoods.
City Engineer Dennis Bonds said the city’s sidewalks are a priority. Tupelo was recently awarded a grant from the Federal Transportation Alternatives Program through the Mississippi Department of Transportation and the Federal Highway Administration, and a portion of those funds will construct sidewalks in Ward 4 on North Gloster and through a section of Barnes Crossing. The section on North Gloster will connect a nearby apartment complex to Walgreens.
Davis said she has been advocating for sidewalks for years and is proud to see the project moving forward.
“I’ve been pushing hard for (sidewalks) at those apartments,” she said during a recent work session on the topic of capital improvement.
Bonds said the city could complete the sidewalks in about a year, noting the city is in the beginning stages of receiving the grant.
Infrastructure improvements are needed
Davis also listed addressing infrastructure and water, sewer, and drainage issues as top priorities. She noted the city should be able to use federal money from the recent infrastructure bill and the American Rescue Plan Act toward these goals.
“Sewage is very important all over the city, and we are supposed to get money to improve the infrastructure in our area and sewage drainage,” she said. “Basically, if I can get those things accomplished, I think we would be doing really well.”
Tupelo Conventions and Visitors Bureau Executive Director Neal McCoy previously said the city could use about $9.4 million from the city’s ARPA allocations on water, sewer and drainage projects throughout the city, but the bulk would be used on drainage.
McCoy noted the city needs at least $30 million in drainage repairs.
Neighborhood associations are vital to growing communities
Like neighboring Councilman Travis Beard in Ward 3, Davis said she wanted the city to help re-establish her ward’s neighborhood associations, which she believes could help spur positive change following the city’s hiring of a coordinator for the associations to act as a liaison between homeowners and the city.
“We need to revitalize the association on Park Hill,” she said, adding that she was happy to see the creation of the new West Jackson neighborhood association.
Tupelo Mayor Todd Jordan said that while his administration is focused on neighborhood associations, he also noted that the only way to see more progress from them would be to get more homeowners involved.
“I encourage everyone, if you don’t have (an association), start one,” Jordan said. “And if you are not active in your neighborhood association, look into getting a little more active. That means you care about where you live.”
Gumtree Park renovations are a priority for Davis
On recreation, Davis said she wanted to push for more upgrades to Gumtree Park, including covered pavilions.
“I am trying to put an emphasis on quality of life,” she said.
Should the city build covered pavilions in Gumtree Park, it would follow a series of upgrades the Front Street park has seen in recent months. Last year, the city constructed a new stage in the park.
Davis said building pavilions are the next step in making the park the best it can be. They would allow families to gather there and have a place to sit away from the sun.
But Jordan said recreation was taking a backseat for the administration over the next six months. Instead, infrastructure would continue to be the city’s chief priority.
The city’s updated capital plan places multiple park renovations and upgrades with a target of 2024. Gumtree Park is slated to move forward with pavilion upgrades, along with Ballard Park, Hancock Park and Lee Acres. | https://www.djournal.com/news/local/nettie-davis-sees-affordable-housing-as-key-to-ward-4-growth/article_53bedf8c-9224-5496-bfa7-d1e89c9887b3.html | 2022-04-14T10:01:43 | 1 | https://www.djournal.com/news/local/nettie-davis-sees-affordable-housing-as-key-to-ward-4-growth/article_53bedf8c-9224-5496-bfa7-d1e89c9887b3.html |
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People's Rep'c of Guinea-Bissau, Republic of Guyana, Republic of Heard and McDonald Islands Holy See (Vatican City State) Honduras, Republic of Hong Kong, Special Administrative Region of China Hrvatska (Croatia) Hungary, Hungarian People's Republic Iceland, Republic of India, Republic of Indonesia, Republic of Iran, Islamic Republic of Iraq, Republic of Ireland Israel, State of Italy, Italian Republic Japan Jordan, Hashemite Kingdom of Kazakhstan, Republic of Kenya, Republic of Kiribati, Republic of Korea, Democratic People's Republic of Korea, Republic of Kuwait, State of Kyrgyz Republic Lao People's Democratic Republic Latvia Lebanon, Lebanese Republic Lesotho, Kingdom of Liberia, Republic of Libyan Arab Jamahiriya Liechtenstein, Principality of Lithuania Luxembourg, Grand Duchy of Macao, Special Administrative Region of China Macedonia, the former Yugoslav Republic of Madagascar, Republic of Malawi, Republic of Malaysia Maldives, Republic of Mali, Republic of Malta, Republic of Marshall Islands Martinique Mauritania, Islamic Republic of Mauritius Mayotte Micronesia, Federated States of Moldova, Republic of Monaco, Principality of Mongolia, Mongolian People's Republic Montserrat Morocco, Kingdom of Mozambique, People's Republic of Myanmar Namibia Nauru, Republic of Nepal, Kingdom of Netherlands Antilles Netherlands, Kingdom of the New Caledonia New Zealand Nicaragua, Republic of Niger, Republic of the Nigeria, Federal Republic of Niue, Republic of Norfolk Island Northern Mariana Islands Norway, Kingdom of Oman, Sultanate of Pakistan, Islamic Republic of Palau Palestinian Territory, Occupied Panama, Republic of Papua New Guinea Paraguay, Republic of Peru, Republic of Philippines, Republic of the Pitcairn Island Poland, Polish People's Republic Portugal, Portuguese Republic Puerto Rico Qatar, State of Reunion Romania, Socialist Republic of Russian Federation Rwanda, Rwandese Republic Samoa, Independent State of San Marino, Republic of Sao Tome and Principe, Democratic Republic of Saudi Arabia, Kingdom of Senegal, Republic of Serbia and Montenegro Seychelles, Republic of Sierra Leone, Republic of Singapore, Republic of Slovakia (Slovak Republic) Slovenia Solomon Islands Somalia, Somali Republic South Africa, Republic of South Georgia and the South Sandwich Islands Spain, Spanish State Sri Lanka, Democratic Socialist Republic of St. Helena St. Kitts and Nevis St. Lucia St. Pierre and Miquelon St. Vincent and the Grenadines Sudan, Democratic Republic of the Suriname, Republic of Svalbard & Jan Mayen Islands Swaziland, Kingdom of Sweden, Kingdom of Switzerland, Swiss Confederation Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand, Kingdom of Timor-Leste, Democratic Republic of Togo, Togolese Republic Tokelau (Tokelau Islands) Tonga, Kingdom of Trinidad and Tobago, Republic of Tunisia, Republic of Turkey, Republic of Turkmenistan Turks and Caicos Islands Tuvalu Uganda, Republic of Ukraine United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe | https://www.djournal.com/news/local/the-punch-list/article_598e0a7f-906e-507c-aac2-acd1324a1b00.html | 2022-04-14T10:01:49 | 0 | https://www.djournal.com/news/local/the-punch-list/article_598e0a7f-906e-507c-aac2-acd1324a1b00.html |
OXFORD
One by one, news trickled out that someone was coming back.
Guys who could have moved on did not, and Ole Miss baseball would return intact one of the SEC’s top offenses from the 2021 season.
Tim Elko, Kevin Graham and Justin Bench wanted to give it another go. Freshman stars Jacob Gonzalez and TJ McCants would be in place. So would veterans like Peyton Chatagnier, Hayden Leatherwood and Hayden Dunhurst, and suddenly the Rebels would have a DH and eight position players from the starting lineup in Game 3 of the Tucson Super Regional.
It was news that stoked preseason optimism for the Rebels who began the season at No. 5 in the D1Baseball.com Top 25 and would spend two weeks at No. 1.
The Rebels enter this weekend’s series at South Carolina tied for last in the SEC West with co-struggler Mississippi State at 4-8. Swept by Tennessee and Alabama, they haven’t won a conference home game amid their electric Swayze Field atmosphere.
Fans are asking where has the offense gone? It’s a valid question.
Graham’s injury didn’t help things – but he’s back, and the issue has been more complex than one man missing.
“A couple of guys have really struggled. My frustration, probably, is more with consistency through games and through weekends,” hitting coach Mike Clement said.
The Rebels are hitting just .234 in conference play after hitting .289 against the league last season.
Averages are down for a lot of players, but in some cases that’s off-set by power.
Gonzalez hit .325 in SEC play last year and is at .239 right now. Six of his 11 SEC hits are home runs, and his 31 total bases in conference play are second on the team only to Elko.
Elko has been the outlier as his production has matched expectations for his return. He’s hitting .400 in league play with six home runs and 19 RBIs.
“Our strategy has really been just to go up and fight every at-bat, get to a good pitch and put a good swing on it,” Elko said. “The big thing for us is to continue to fight, make those pitchers work.”
The Rebels haven’t made pitchers work enough for Clements.
“What we haven’t done in league play as well is take our walks. We’ve gotten in 2-0 counts and maybe chased a pitch that the general fan would not see to make it 2-1 instead of 3-0. That really affects an at-bat,” he said.
Clements pointed to McCants and Chatagnier as examples of this. He wants to see pitch selection improve for them and others, though a fix for the offense will be unique from player to player.
Across the board in conference play walks are down, and strikeouts are up.
With a pitching rebuild coming the common thought was that the Rebels would have to score a lot of runs in some games. The back half of that thought is they would be capable.
For now offense at Ole Miss is not a house of cards, where one wayward card brings down the whole thing.
It’s more like the family game Jenga where you can pull out pieces here and there, and the tower still stands.
But the instability is noticeable. | https://www.djournal.com/sports/college/ole-miss/rebels-hope-patience-pitch-selection-help-offense-return-to-last-years-production/article_e806a095-1661-5538-a41a-181ebf73beaa.html | 2022-04-14T10:01:55 | 0 | https://www.djournal.com/sports/college/ole-miss/rebels-hope-patience-pitch-selection-help-offense-return-to-last-years-production/article_e806a095-1661-5538-a41a-181ebf73beaa.html |
TAMPA, Fla. (WFLA) — Authorities are searching for a gunman who opened fire at a bar in Plant City, killing one person and leaving another with injuries.
The shooting happened at about 10 p.m. Wednesday night at the Twilight Zone Bar, 4010 E. State Road 60.
Hillsborough County Sheriff’s Office spokeswoman Amanda Granit said there was a physical altercation inside the bar, which escalated into a shooting, and the fight spilled out into the parking lot.
A deputy was patrolling the area, heard gunshots ring out and responded to the scene.
She noticed a vehicle flee the bar and crash. Granit said the driver had suffered a gunshot wound and was taken to a Lakeland hospital with non-life-threatening injuries.
Another victim was found in the area and was rushed to the hospital, where they later died.
Granit described the suspect as a light-skinned Hispanic male in his 20s or 30s. He is around 6 feet tall with a medium build, a goatee and a large tattoo on the side of his neck.
Granit said he fled the area in a dark colored newer-model Dodge Charger, heading westbound on State Road 60.
Authorities are currently reviewing surveillance video of the incident. Granit said there was no threat to the public at this time.
“This is an establishment where people come to relax, have fun with their friends and that joy was taken by someone who let anger get the best of him last night,” Granit said. | https://www.wfla.com/news/hillsborough-county/plant-city-bar-shooting-leaves-1-dead-1-hurt/ | 2022-04-14T10:08:56 | 0 | https://www.wfla.com/news/hillsborough-county/plant-city-bar-shooting-leaves-1-dead-1-hurt/ |
TAMPA, Fla. (WFLA) — At least one person was killed in an early morning crash on U.S. 301 in Thonotosassa on Thursday.
There is still no word on what led to the crash, which happened at the intersection of U.S. 301 and McIntosh Road around 4:45 a.m.
WFLA’s Deanne King says U.S. 301 is closed in both directions from Knights Griffin Road to McIntosh Road.
Drivers can use Morris Bridge Road or Paul Buchman Highway as a detour. | https://www.wfla.com/news/traffic/deadly-crash-closes-u-s-301-in-thonotosassa/ | 2022-04-14T10:09:02 | 0 | https://www.wfla.com/news/traffic/deadly-crash-closes-u-s-301-in-thonotosassa/ |
Column: Carbon pricing needed now to address climate change
“UN Panel’s Climate Report Grim,” read the headline in The Herald-Times’ March 1 edition. The story covered the latest assessment from the Intergovernmental Panel on Climate Change, which reflected agreement among hundreds of top-level scientists that climate change is real, is caused in part by human activity, and needs to be addressed urgently.
The IPCC’s harrowing report concludes with a discussion of policies to reduce the climate change threat, among them, carbon pricing.
Carbon pricing is a powerful strategy against climate change, not least because it strikes at the ugly truth of our dependence on fossil fuels, namely that there are huge hidden costs to using the atmosphere and oceans as dumping grounds for greenhouse gas emissions. Pricing carbon-related emissions exposes these hidden costs. At present, not only do our transportation, electricity generation and manufacturing sectors not pay these costs, in many cases, they are subsidized instead.
What are these hidden costs? Harm to health caused by pollution, in the form of deaths, sickness and diseases, for starters. Weather disasters like hurricanes, flooding, wildfires, prolonged drought, rising sea levels, extreme heat events — all linked to climate change — kill and wreak havoc on our lives and cost $148 billion annually in the U.S. alone.
Why would carbon pricing work? The International Monetary Fund, in a 2019 report, explained it this way: “of the various mitigation strategies to reduce fossil fuel CO2 emissions, carbon taxes are the most powerful and efficient, because they allow firms and households to find the lowest-cost ways of reducing energy use and shifting toward cleaner alternatives.”
The IPCC’s assessment gives an even stronger endorsement: “Pricing of greenhouse gases, including all those based on carbon, is a crucial tool in any cost-effective climate change mitigation strategy, as it provides a mechanism for linking climate action to economic development.”
Of course, carbon pricing would increase prices not only at the gas pump, but on all consumer goods, partly because electricity is used throughout the economy. However, there is a mechanism to offset these rising prices. Revenues from fees on carbon extraction can be returned to middle- and lower-income families. Indeed, the IPCC says that redistributing the carbon tax to people or regions that are disproportionately impacted “may be one of the most important features of carbon tax policies.” Studies have shown that this policy of distributing dividends to offset higher costs will more than compensate about two-thirds of the nation’s families.
Many countries are already using carbon pricing as part of their strategy for reducing carbon emissions. Our closest trading partners, Canada and the European Union, both employ the policy. The IPCC report points out that: “By 2019, 57 nations around the world had implemented or scheduled implementation of carbon pricing. These initiatives cover 11 gigatons of carbon dioxide or about 20% of greenhouse gases emissions.”
The U.S. needs to move much faster in order to achieve the nation’s goal of reducing greenhouse gases by 50% by 2030. The need has never been more urgent, as the IPCC assessment makes clear: “Any further delay in concerted anticipatory global action on adaptation and mitigation will miss a brief and rapidly closing window of opportunity to secure a livable and sustainable future for all.”
The politicians we send to Congress have a crucial role to play in securing a livable future. As various primary candidates for the Senate and House of Representatives announce themselves, we, the people, also have an important role to play. We can ask them about their positions on addressing climate change, and particularly about carbon pricing.
Lee Ehman and Richard Durisen are residents of Bloomington and members of the South Central Indiana chapter of Citizens' Climate Lobby. | https://www.heraldtimesonline.com/story/opinion/columns/guest/2022/04/14/column-carbon-pricing-needed-now/7232760001/ | 2022-04-14T10:13:17 | 1 | https://www.heraldtimesonline.com/story/opinion/columns/guest/2022/04/14/column-carbon-pricing-needed-now/7232760001/ |
Edgewood star Taylor Minnick earns Big Ten Freshman of the Week honors for Indiana softball
BLOOMINGTON, Ind. – For the third straight week and fourth time this season, Indiana softball has the Big Ten Freshman of the Week. This time it's Taylor Minnick, who earns her first career honor.
Minnick, a native of Bloomington, Ind., and graduate of Edgewood High School, hit .667 on the weekend in the Hoosiers sweep over Rutgers. Minnick recorded four hits, five runs, a home run and was walked five times. Her slugging percentage was 1.500 and her on base percentage was .818.
More:Drive to succeed: Edgewood's Taylor Minnick H-T All-Area Softball Player of the Year
More:High School Notebook: Edgewood's Taylor Minnick, named softball All-State, All-Star
More:New IHSAA classifications bringing big changes to Edgewood sports
In the Hoosiers game against Rutgers on April 8 Minnick connected on her third home run of the season to help the Hoosiers to a 6-4 win over Rutgers. Minnick is hitting .542 through nine Big Ten games.
Minnick leads the Big Ten in batting average (.463) and on base percentage (.585), ranks second in OPS (1.414) and third in slugging percentage (.829).
Minnick is currently on a seven-game hit streak. In the Hoosiers game against Rutgers on April 9 the Hoosiers trailed 2-1 and Minnick had a key RBI double that started a four-run inning for Indiana.
Follow Indiana Softball on Facebook, Twitter and Instagram. | https://www.heraldtimesonline.com/story/sports/college/softball/2022/04/14/edgewoods-taylor-minnick-earns-big-ten-freshman-week-honors/7312103001/ | 2022-04-14T10:13:29 | 1 | https://www.heraldtimesonline.com/story/sports/college/softball/2022/04/14/edgewoods-taylor-minnick-earns-big-ten-freshman-week-honors/7312103001/ |
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Activate your digital account | https://www.heraldtimesonline.com/restricted/?return=https%3A%2F%2Fwww.heraldtimesonline.com%2Fstory%2Fsports%2F2022%2F04%2F14%2Fhow-conference-indiana-baseball-play-out-bloomington-teams%2F7286202001%2F | 2022-04-14T10:17:38 | 0 | https://www.heraldtimesonline.com/restricted/?return=https%3A%2F%2Fwww.heraldtimesonline.com%2Fstory%2Fsports%2F2022%2F04%2F14%2Fhow-conference-indiana-baseball-play-out-bloomington-teams%2F7286202001%2F |
DO JUST ONE THING
Simple, easy and money-saving ideas that also do something positive for the environment:
Unplug rechargeable batteries
Rechargeable batteries are environmentally friendly, since they can be charged over and over before eventually being replaced. But many of us leave rechargeable products plugged into the wall indefinitely, which uses power even though the integrated battery is already at full charge. Look around the house for rechargeable products like an electric toothbrush, electric razors, power tools, smartphones and kids’ games. Unplug them to prevent wasting energy, and charge them up only when you need them. This will help save energy and prevent unnecessary wear on the rechargeable battery, too.
Save fuel by cleaning out car
The heavier your car, the more fuel it uses. So take this time to do a spring cleaning and remove any unnecessary items that have been left in your car. Every 50 pounds of extra weight increases your car’s fuel consumption by 1%. Don’t think of your back seats and trunk as extra storage; instead, lighten the load by removing unnecessary sports equipment, boxes and store purchases, and save a little at the pump.
LIST-MANIA
Best Places for Easter
To find out which cities promise the most egg-citing time on Sunday, personal finance website WalletHub compared the 100 largest cities across 13 key metrics, ranging from candy and chocolate shops per capita to the city’s Christian population to expected weather.
1. Pittsburgh
2. Birmingham, Ala.
3. Orlando, Fla.
4. Cincinnati
5. St. Louis
6. Cleveland
7. Buffalo, N.Y.
8. El Paso, Texas
9. New Orleans
10. Honolulu
56. Fort Wayne
76. Indianapolis
NEWS OF THE WEIRD
By Chuck Sheppard
Least Competent Criminal: Thomas Eugene Colucci of Spring Hill, Florida, wasn’t quite sure that the methamphetamine he purchased from a man he met at an area bar was the real deal, Fox13-TV reported. So on March 10, he called 911 to ask authorities to test his stash. Colucci told the Hernando County Sheriff’s Office that as an experienced meth user, he knew what it should feel like, and handed two small baggies over to a deputy. He wanted officials to “put the person in trouble” who sold him the drugs, but he couldn’t provide a name or contact information. Deputies did test the substance, which proved to be meth, and placed Colucci under arrest for possession. | https://www.kokomotribune.com/news/features/stuff-we-like-thursday-april-14-2022/article_b49c6266-bb32-11ec-8176-a30be0845196.html | 2022-04-14T10:27:36 | 1 | https://www.kokomotribune.com/news/features/stuff-we-like-thursday-april-14-2022/article_b49c6266-bb32-11ec-8176-a30be0845196.html |
ANNAPOLIS — AMC Theatres has announced that it is buying the Westfield Annapolis Mall movie theater.
The move is part of a larger deal with Bow Tie Cinemas to operate seven locations in Connecticut, New York, and the one in Annapolis.
The theater is expected to open up next weekend, April 21.
AMC released a statement saying the acquisition will help the company further recover from the pandemic. | https://www.wmar2news.com/news/local-news/amc-theatres-purchase-theatre-at-the-westfield-annapolis-mall | 2022-04-14T10:31:57 | 0 | https://www.wmar2news.com/news/local-news/amc-theatres-purchase-theatre-at-the-westfield-annapolis-mall |
BALTIMORE — Today is Wawa Day! The convenience store is celebrating 58 years in business by offering customers any size hot coffee for free.
This offer is good all day at any Wawa location.
The company expects to give away two million cups of free coffee today.
They'll also be giving out a million dollars among several charities including the special Olympics and the American red cross. | https://www.wmar2news.com/news/local-news/wawa-offering-free-coffee-in-honor-of-58th-anniversary | 2022-04-14T10:32:03 | 0 | https://www.wmar2news.com/news/local-news/wawa-offering-free-coffee-in-honor-of-58th-anniversary |
BOSTON — It was the achievement of the 1960s, landing a man on the moon. The historic event was a direct result of President John F. Kennedy and his "moonshot" program.
Now, President Joe Biden has a similar ambition—cutting deaths related to cancer.
CANCER IMPACTS EVERYONE
The thing about cancer is that it really doesn't care what plans you have.
"Your whole universe goes into sky fall," Karen Howley LaCamera said about her own ovarian cancer diagnosis.
"I am still angry," Dana Bernson said as she reflects on her late husband Jon who passed away when she was just 29.
LaCamera and Bernson are just two of the countless cancer stories that can be told in the United States. Every American seems to have their own story of a friend or family member getting the horrific news from a doctor.
Each year in the United States, there are over 1.8 million cancer diagnoses and over 600,000 deaths.
BIDEN'S MOONSHOT
There is a lot going on in our country, but one issue that may fly a bit under the radar is what Biden calls his "cancer moonshot."
“We can end cancer as we know it," Biden said at a recent press event.
It's modeled after Kennedy's dream of going to the moon. In his budget released last month, the President requested billions from Congress for new research.
It's a program that started during the Obama administration when Biden was vice president. The President wants the death rate from cancer cut by at least 50% over the next 25 years with a focus on funding new research methods.
WHAT CAN CHANGE?
So much of what is talked about in Washington never really happens so you may be curious how close are we to really curing cancer or cutting down the number of deaths? For answers, we went to the Dr. Dana Farber Cancer Institute in Boston.
"Can cancer be cured in our lifetime?" correspondent Joe St. George asked Dr. Harold Bernstein, an oncologist and lecturer at Harvard University.
"Cancer isn't just one thing," Burstein explained.
"The Kennedy moonshot was actually pretty easy—cancer is a more complicated problem," Burstein said.
The doctor believes this moonshot is a lot harder. In the 1960s, NASA had the science.
"We don't have all the science we need," Burstein said.
However, spending billions he says will help create better treatments and screenings.
"We don’t have a test to do early detection of pancreatic cancer," Burstein cited as one example.
Burstein says taxpayer-funded research could change that in our lifetime, while a cure is less likely.
"Would that be a blood test," St. George asked.
"Probably," Burstein said.
One of the biggest issues more funding might solve is access to screenings that work. Of course, more screenings can result in fewer deaths.
Burstein envisions fewer appointments in hospitals and more mobile vans that can provide screenings like mammograms.
"It’s not cheap but it’s more costly to treat cancer," Burstein added.
So what are the doctors' concerns? The pandemic showed us that when the government gets involved in health care, some distrust is created. For this to work, it can’t be political.
SURVIVING AND LIVING
As for LaCamera and Bernson, both women are actively doing their own part to cut down on deaths the best they can.
LaCamera speaks on behalf of the Dana Farber Cancer Institute to help encourage women to get screened.
Meanwhile, Bernson volunteers with the American Cancer Society.
"How is it that I made it through," LaCamera reflects each day.
Thankful for being able to share Jon’s story and explain why I use my voice to advocate as an @acscan and @ACSCANMA volunteer with @JoeStGeorge from @EWScrippsCo this morning
— Dana Bernson (@dlbernson) March 18, 2022
🎤 📺 pic.twitter.com/uj1avFjjis
"I was lucky to find a new fantastic partner," Bernson says with a smile as she tries to honor her late husband.
"I think cancer has touched all of us," LaCamera said. | https://www.wmar2news.com/news/national-politics/what-can-president-bidens-cancer-moonshot-actually-achieve | 2022-04-14T10:32:09 | 0 | https://www.wmar2news.com/news/national-politics/what-can-president-bidens-cancer-moonshot-actually-achieve |
GREENE COUNTY, Ala. (WIAT) — A woman was trapped in her home and several homes in Eutaw’s Branch Heights neighborhood have significant damage following Wednesday night’s storms, according to officials.
Levi Murrow Sr. Ct. is just one of many spots hit and officials are asking people to stay away from this area because of hazards like power lines that you might not see and could be very dangerous if you visit the area.
“I was in my room and put my pillow on my face. I wasn’t sure if it was going to happen,” Eutaw resident Damon Gibbs said. “It just went by quick. We didn’t know anything was going on at first. It just happened quick.”
It was a terrifying 30 seconds for Gibbs when those strong winds ripped through the neighborhood. It was quick enough to tear apart these homes and move cars away from where they were parked.
“We got about five or six houses that have damage,” Eutaw Police Chief Tommy Johnson said. “Right now, we’re going to assess the damage we get.”
The damage is still very hard to see with the power out and power lines scattered sporadically. Officials said the woman was safely freed. No significant injuries have been reported.
“I see so many people get out of their homes. I think God that we still have our home,” Eutaw resident Billy Hicks said.
Hicks is lucky enough to still have his home, offering space for anyone who still needs a place to stay.
“It’s a very good community,” Hicks said. “I love it.”
As daylight approaches, officials are going to be out here all day on Thursday looking and assessing to see just how much damage was done. | https://www.cbs42.com/news/eutaws-branch-heights-neighborhood-sees-significant-damage-to-homes/ | 2022-04-14T10:34:57 | 1 | https://www.cbs42.com/news/eutaws-branch-heights-neighborhood-sees-significant-damage-to-homes/ |
It is a mostly cloudy morning as the rain comes to an end. We will become partly cloudy through the morning commute. Temperatures are in the 60s.
The cold front will stall along the coast today, and we will become mostly sunny this afternoon. High temperatures will be in the lower to mid 70s.
Tonight, it will be mostly clear and colder. Lows will be in the mid to upper 40s.
Good Friday will mostly sunny, breezy, and warmer. High temperatures will be in the upper 70s to lower 80s. Rain will return on Friday night with lows in the 50s.
Easter Weekend Outlook: The old cold front will retreat north as a warm front this weekend. A few upper-level disturbances will move across this front on Saturday and Sunday. This will bring us scattered showers and some storms on Holy Saturday. A few storms could be strong south of I-20 where it will be unstable. Watch out for gusty winds and possibly some hail. High temperatures will be in the mid 70s.
If you are headed to Alabama’s “A Day” game at 2:00 PM you will need to plan for some rain with temperatures in the 70s. This also means we could see some showers for the debut of the USFL and the Birmingham Stallions game on Saturday Evening at 6:30 PM.
Unfortunately, it looks like we will have more scattered showers and some storms on Easter Sunday. Sunrise services could see a few showers with more scattered showers and storms during the day. These storms are not expected to be severe, but some could be strong across South Alabama. I’m not expecting it to rain all day. It will be mild with high temperatures in the mid to upper 70s. Easter Egg hunts might need to be indoors this year.
Next Week Outlook: A cold front will move across Alabama on Monday morning with scattered showers and storms. A few could be strong. Then we will become partly cloudy by the afternoon with high temperatures in the lower 70s. High pressure will build over the Southeast U.S. on Tuesday. We will be mostly sunny and cooler with highs in the upper 60s. It will stay dry on Wednesday with more sunshine and highs warming up into the mid 70s. Forecast models are not in agreement with the weather on Thursday. The GFS brings us rain with a cold front, but the Euro keeps us dry. We will have to watch to see how this evolves as we head into next week. Both models do agree we will be dry on Friday with highs in the 70s.
Follow Us on Facebook: Chief Meteorologist Ashley Gann, Meteorologist Dave Nussbaum, Meteorologist Michael Haynes and Meteorologist Alex Puckett | https://www.cbs42.com/weather/sunshine-is-back-today-and-friday-but-rain-returns-for-easter-weekend/ | 2022-04-14T10:35:03 | 1 | https://www.cbs42.com/weather/sunshine-is-back-today-and-friday-but-rain-returns-for-easter-weekend/ |
Administration unveils steps to boost racial equity in govt
(AP) - The Justice Department is improving language access to its programs to help people with limited English proficiency better report crimes. The Interior Department is providing technical assistance to Native American tribes to help them apply for grants. The Energy Department is helping low-income households access programs to weatherize their homes and save energy.
Those efforts are among hundreds of strategies and commitments the Biden administration was announcing Thursday. They are the product of an executive order that President Joe Biden signed hours after taking office with the goal of advancing racial equity and support for underserved communities across the federal government.
The order was the first of its kind by a president, said Chiraag Bains, deputy assistant to the president for racial justice and equity.
“We set the mission and the mandate for every agency, the entire federal government, to center equity in all that we do,” Bains told The Associated Press on Wednesday.
After more than a year of review, more than 90 federal agencies, including all major Cabinet departments, were releasing their “equity action plans” on Thursday.
The plans outline more than 300 strategies and commitments that aim to make federal policies fairer for everyone, including poorer communities and communities of color; tribal, rural and LGBTQ communities; and people with disabilities and women and girls.
They were to be discussed at a White House event hosted Thursday by domestic policy adviser Susan Rice, budget director Shalanda Young and members of the Cabinet. Biden, a Democrat, has one of the most diverse Cabinets, with Black and Hispanic people leading major departments, including Defense, Health and Human Services, Housing and Urban Development, and the Environmental Protection Agency.
Some of the equity plans have been announced, such as work by the Department of Housing and Urban Development to close the racial gap in homeownership, address disproportionate rates of homelessness among underserved communities and reduce bias in home appraisals.
Others strategies are being made public for the first time, such as Defense Department efforts to promote the use of artificial intelligence technology to reduce algorithmic bias by investing in the development of a more diverse AI workforce. That work includes partnerships with historically Black colleges and universities.
Equity action teams at every agency led the reviews. Bains said that, taken together, the strategies “will advance equity and justice so that everybody can thrive in America.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.kttc.com/2022/04/14/administration-unveils-steps-boost-racial-equity-govt/ | 2022-04-14T10:42:40 | 0 | https://www.kttc.com/2022/04/14/administration-unveils-steps-boost-racial-equity-govt/ |
Elon Musk offers to buy Twitter
Published: Apr. 14, 2022 at 5:38 AM CDT|Updated: moments ago
NEW YORK (AP) — Elon Musk offers to buy Twitter at $54.20/share.
He says the social media platform should be transformed as a private company.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kttc.com/2022/04/14/elon-musk-offers-buy-twitter/ | 2022-04-14T10:42:46 | 0 | https://www.kttc.com/2022/04/14/elon-musk-offers-buy-twitter/ |
Pope marks Holy Thursday ahead of prison feet-washing ritual
VATICAN CITY (AP) — Pope Francis has celebrated Mass in St. Peter’s Basilica to mark Holy Thursday, hours before he was expected at an Italian prison to perform a foot-washing ritual for a dozen inmates in a gesture of humility.
Attending the Mass were some 1,800 priests. Francis in his homily advised priests not to focus on worldly concerns such as power, planning and bureaucracy. He exhorted them to “serve, with a clear conscience, the holy and faithful people of God.”
Francis made no reference to decades of scandals involving priests who sexually abused children and were often transferred from parish to parish by bishops who tried to avoid embarrassment rather than protect minors.
In the afternoon, Francis is expected at a prison in Civitavecchia, a port town 80 kilometers (50 miles) northwest of Rome, for the foot-washing ceremony that recalls Jesus’ gesture of humility for his apostles.
Francis has made paying attention to those on society’s margins — including refugees, migrants and people in prisons — a hallmark of his papacy. On Holy Thursday in past years, he has gone to prisons in or near Rome.
Holy Week, which draws hundreds of thousands of faithful to the Vatican, began with Palm Sunday Mass on April 10 in St. Peter’s Square.
This year, the Good Friday torch-lit Way of the Cross procession returns to its traditional venue at the ancient Colosseum after a two-year absence due to the coronavirus pandemic.
The Vatican has invited a Russian woman and a Ukrainian woman, who work together at a Rome hospital, to carry a cross together during the procession. That has angered some Ukrainians, including Ukraine’s ambassador to the Holy See and the archbishop of Kyiv. Their objections center on whether such a gesture, implying reconciliation, is suitable, given Russia’s invasion of its neighbor Ukraine and ongoing war against the country’s people.
The Vatican is still going ahead with the procession’s lineup of participants, who take turns carrying a lightweight cross during the procession, which is presided over by the pontiff and recalls Jesus’ death by crucifixion.
Holy Week culminates on Easter Sunday, two days later.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kttc.com/2022/04/14/pope-marks-holy-thursday-ahead-prison-feet-washing-ritual/ | 2022-04-14T10:42:52 | 0 | https://www.kttc.com/2022/04/14/pope-marks-holy-thursday-ahead-prison-feet-washing-ritual/ |
Teen says gaming headset saved him from stray bullet
LOS ANGELES (KCAL/KCBS) - A family counts itself fortunate. They still don’t know where a bullet that struck an 18-year-old came from, but they now realize how close they came to tragedy.
A gaming headset is credited with saving the life of Jonathan Gonzalez.
“You can see the damage. It actually bent this piece of metal here and went through,” said Gonzalez, an active gamer.
He was on his PlayStation the morning of April 1 just after midnight listening to music and chatting with friends when he felt something hit his head.
“It felt like if you’re wearing a bike helmet, and someone just smacks the top of your head,” Gonzalez said.
He looked up and found the bullet hole in his bedroom window. The gunshot ripped his curtains down.
After it struck him in the head, the bullet ricocheted against the wall and landed in his bed.
“If it wasn’t for these on my head, it probably would’ve went through,” Gonzalez said.
He ran to his parents’ room shouting he thought he’d been shot.
Nearly two weeks later, his family is still trying to process this close call.
“It’s still a trigger for me to process the thought that I could’ve lost my son. We were asleep, and if it did hurt him, we would not have known until we woke up hours later,” said Janet Popoca, the teen’s mother.
When the Los Angeles Police Department responded, officers could not find the shooter. They don’t believe the gun was fired at close range.
Gonzalez’s mom says even officers couldn’t believe what happened. “They were just shocked,” she said.
Gonzalez said he keeps thinking about how an inch in either direction could’ve changed things drastically.
“Minding my own business in my own room, and I could’ve been gone. Just thinking about it for the first week made me sick,” he said.
Razor, the company that makes the headphones, sent him a replacement.
Gonzalez said he still loves to game, but he’s now leery of what’s happening outside his window.
Police are still investigating the shooting.
Gonzalez’s family said they hope for an arrest, but they are learning to appreciate life a lot more.
Copyright 2022 KCAL/KCBS via CNN Newsource. All rights reserved. | https://www.kttc.com/2022/04/14/teen-says-gaming-headset-saved-him-stray-bullet/ | 2022-04-14T10:42:58 | 0 | https://www.kttc.com/2022/04/14/teen-says-gaming-headset-saved-him-stray-bullet/ |
“Uneasy lies the head that wears a crown,” goes the most famous line from Shakespeare’s “Henry IV, Part 2.” But the actors staging the play for Orlando Shakes might be feeling the weight of pressure and responsibility themselves.
The production is being staged without a director, without designers — and with only a week’s rehearsal, as it would have been in Shakespeare’s day, a concept described as a “Bare Bard” production.
If the actors have been worried, they didn’t show it at a preview performance Wednesday night. The comedy sparkled, the drama hit home and only once — when an actor was late with his entrance — did the onstage performers look around with panic-stricken faces. That lasted but a moment, though — and truth be told, added to the fun of seeing of what actor Timothy Williams called in a precurtain speech, “really live theater.”
“Henry IV, Part 2″ always is rather schizophrenic in nature, veering from potent emotional drama to silly comedy on a moment’s notice. Without a director to smooth transitions and temper emotional levels, those ragged edges are more obvious in this production.
Yet the individual scenes did not suffer, and — forgive me, Orlando’s many talented designers — I found myself so engrossed in the characterizations that I barely noticed the lack of theatrical lighting or the rudimentary mishmash of costume choices (the actors chose their own garb).
I was a bit puzzled by the Rolling Stones logo T-shirt worn by the actor giving the prologue and epilogue until the significance hit me — the giant, open mouth symbolizes the speaker isn’t a character, just a narrative voice. Clever.
Other characters dress to emphasize their personalities: As Falstaff, a joke of a creature, Philip Nolen dons what appears to be a leftover Santa Claus coat, making himself a visual joke as well. As young Prince Hal, Benjamin Bonenfant shimmies into the eternal signifier of a bad boy — black biker pants.
The story picks up where “Henry IV, Part 1″ left off — though that was more than two years ago because of the COVID-19 pandemic. Thankfully, Orlando Shakes plays a preshow refresher video that documents the twists and turns of its “Fire and Reign” series — a chronological presentation of seven Shakespeare History plays chronicling the rise of Henry V and the Wars of the Roses.
Though it was fun to catch up, you don’t really have to know everything that came before to understand what’s happening now. King Henry IV is very near the end of his life. His heir, Prince Hal, is busy with youthful indiscretions — though signs of maturity are starting to show. He did, at the end of Part 1, kill a leading rebel to protect his father’s reign.
Like his character, Bonenfant comes into his own in this play. He makes it thrilling to see Hal make peace with his father and accept his destiny. And he makes it chilling when he turns on old friends to assume his new role.
Nolen is a comic treat — skipping across the stage, giddily proclaiming “The laws of England are at my command,” when he learns of Hal’s rise in status. He’s matched by Anne Hering, as the garrulous Mistress Quickly, who mines genuine humor in her character’s litany of complaints, asides and wheedling pleas.
Williams brings a fine sense of decorum to the Lord Chief Justice, Kathryn Tkel’s impassioned monologue makes you wish her character had more to do, and Johnathan Arvelo commands attention as the very smooth-talking Prince John.
Jim Ireland has a consistent take on the aged Henry IV, though some bigger peaks and valleys among the ailing man’s demeanor could have made an even more touching impression.
This was No. 3 in the “Fire and Reign” series — and the best yet. Bring on “Henry V.”
‘Henry IV, Part 2′
- Length: 2:20, including intermission and a video recap of the story thus far
- Where: Orlando Shakes, 812 E. Rollins St. in Orlando
- When: Through April 24
- Cost: $22 and up
- Info: orlandoshakes.org
Find me on Twitter @matt_on_arts, facebook.com/matthew.j.palm or email me at mpalm@orlandosentinel.com. Want more theater and arts news and reviews? Go to orlandosentinel.com/arts. For more fun things, follow @fun.things.orlando on Instagram, Facebook and Twitter. | https://www.orlandosentinel.com/entertainment/arts-and-theater/os-et-shakes-henry-iv-part-2-review-matthew-palm-20220414-sqfi2t3flfculemt4aitoo43tm-story.html | 2022-04-14T10:45:16 | 0 | https://www.orlandosentinel.com/entertainment/arts-and-theater/os-et-shakes-henry-iv-part-2-review-matthew-palm-20220414-sqfi2t3flfculemt4aitoo43tm-story.html |
Here's why this iconic Peoria landmark is set to change colors again this weekend
People across the globe celebrate Easter with religious services, egg hunts and special foods.
Peoria will add festive lighting to that list.
The Murray Baker Bridge will be lit in white, sparkling lights overnight on Friday, April 15, for Good Friday and on Sunday, April 17, for Easter.
The bridge will be lit in "white sparkle dynamic" — a slow, random blinking, creating a sparkling effect, said city of Peoria spokesperson Stacy Peterson.
“Community members have really enjoyed the variety of color schemes that we’ve used in the past, but this weekend people will enjoy the slow sparkle of white lights across this landmark cantilever bridge,” she added.
It will be the second annual special bridge lighting for both days.
New multi-hued LED lights were added to the bridge when its deck was reconstructed in 2020.
The bridge bill: Who pays the light bill for the Murray Baker Bridge? The amount depends on where you live
How to get special lighting on the bridge
Peoria has scheduled 25 holidays this year featuring special lighting. (Afterward, the bridge's hues revert to the city colors of green, yellow and blue.)
In addition, individuals or organizations can arrange their own special lighting in advance through requests to the Peoria Public Works Department. City policy requires at least 30 days' notice on such a request and forbids "lighting for political events, and/or political campaigns." The fee is $200 per evening, or $150 for nonprofits.
From the archives: Murray Baker Bridge brought big changes to Peoria, good and bad
Who's been honored with special bridge lights recently?
The bridge was lit in purple from April 1-5 upon a request by Gift of Hope Organ & Tissue Donor Network to mark National Donate Life Month. Earlier this week, it was colored orange to mark National Work Zone Awareness Week.
Questions regarding the Murray Baker Bridge Ornamental Lighting Program, Light Up the Bridge, should be directed to the Peoria Public Works Department by emailing publicworks@peoriagov.org or calling 309-494-8800. | https://www.pjstar.com/story/news/local/2022/04/14/murray-baker-bridge-peoria-lit-good-friday-and-easter/9518765002/ | 2022-04-14T10:45:22 | 0 | https://www.pjstar.com/story/news/local/2022/04/14/murray-baker-bridge-peoria-lit-good-friday-and-easter/9518765002/ |
Jurors will hear closing arguments from attorneys this morning in the trial for Anthony Todt, the Connecticut physical therapist accused in the 2020 killings of his wife, children and dog at their Central Florida home.
After closings, the 12-person jury will begin deliberations in the case against Todt, 46.
He is charged with four counts of first-degree murder and one count of animal cruelty in the killings of 42-year-old Megan Todt; the couple’s children Alek, 13, Tyler, 11, and Zoe, 4; and their dog Breezy.
Todt has pleaded not guilty.
Although he initially confessed to the killings, Todt has since blamed his wife. On the witness stand Wednesday, Todt testified he wasn’t even present at their Celebration home when his three kids were killed by their mother, who he claimed gave them a poisoned dessert and stabbed them in their sleep before killing herself.
“I was covering for my wife,” he told jurors about his confession. “Obviously, unsuccessfully. I had no clue how my kids died.”
Authorities discovered Todt living with his family’s blanket-wrapped decomposing bodies Jan. 13, 2020 while serving a warrant to arrest him on federal health care fraud charges related to his Connecticut physical therapy business. Megan Todt and her three children had been dead for “at least a couple weeks” before they were found, according to a medical examiner.
After his arrest, Todt told detectives he and his wife had an agreement to kill their family, prosecutors said.
“Everybody needed to die in order to pass over to the other side together because the apocalypse was coming,” Assistant State Attorney Danielle Pinnell told jurors in the trial’s opening statements.
Todt said he and his wife spoke to their children about killing themselves.
“We don’t want you to die,” Todt claimed his kids said. “We want to die with you.”
Jurors watched a video of the interrogation, in which Todt described how suffocated his children one by one, then his wife after she failed to commit suicide by stabbing herself. The cause of death for all four victims was homicidal violence of “unspecified means” in association with a Benadryl toxicity, the medical examiner said.
Testifying in his own defense, Todt said his wife became fixated with reincarnation as her health declined and came to believe that if they “burned the family karma” in their current life, they would be reincarnated to a better life.
“Mr. Todt, what could have prevented Megan from killing her children?” Orange-Osceola Public Defender Bob Wesley asked his client.
“I have no idea,” Todt testified. “We woke up that morning she was pain-free. Everything was good. ... That’s the biggest thing that affects me. I didn’t see this coming.”
In the weeks after the slayings, Todt told jurors he tried to kill himself in a variety of ways, including overdosing on Benadryl, though he “chickened out” of using a knife. He claimed to have no recollection of his interviews with detectives, and only remembered falling and waking up in jail.
“My testimony today is the fact that Megan killed her kids and killed herself,” he said.
This is a developing story. Check back later for updates.
mcordeiro@orlandosentinel.com | https://www.orlandosentinel.com/news/crime/os-ne-anthony-todt-florida-killings-trial-day-4-20220414-vzqah74winfcbnd7htpjgde6fq-story.html | 2022-04-14T10:45:23 | 1 | https://www.orlandosentinel.com/news/crime/os-ne-anthony-todt-florida-killings-trial-day-4-20220414-vzqah74winfcbnd7htpjgde6fq-story.html |
For decades, Florida’s leaders have been chipping away at the reproductive freedom of desperate women, using tools crafted from falsehood.
The big lie, of course, is that lawmakers are acting out of concern for women’s health. Every time a new abortion restriction comes up, that paternalistic pretense dissolves to expose the real target: Women’s freedom.
That sentiment was clear during the recent legislative session, when lawmakers passed HB 5, a near-absolute ban on abortion after 15 weeks’ gestation. The bill makes no provision for women impregnated through rape, incest or human trafficking. And it includes a biologically implausible definition of conception, which could shave two weeks or more off that time frame.
Florida courts should be quick to slap down laws laden with bold-faced deception, especially when they allow the government to intrude on private medical decisions. Florida’s long-established, and unusually strong, right to privacy should be enough to protect women from meddling in their medical decisions But last week, a ruling by a Leon County circuit judge bought into the misleading rhetoric, in a ruling reinstating the state’s mandatory 24-hour waiting period before a woman can have an abortion.
Circuit Judge Angela Dempsey’s ruling recited misleading talking points that supported a distressing conclusion: Women seeking abortions in Florida have to be instructed to think — no, really think — about the ramifications of their decision for at least 24 hours before they can terminate a pregnancy.
As if Floridian women were in the habit of stumbling into abortion clinics on a whim.
Dempsey’s ruling included this obvious whopper: “The plain purpose of the act,” she wrote, “is to enhance a pregnant woman’s voluntary and informed consent…” Baloney. The plain purpose of the law, passed in 2015 as SB 724, is to throw yet another roadblock in the path of a woman who has already considered her options and knows what she needs to do. For many low-income women, requiring two doctor’s visits within a 24-hour period will constitute a significant hardship. Only 17 of Florida’s 67 counties have at least one abortion provider, meaning some women must travel an hour or more to find a clinic.
Dempsey went on to recite a laundry list of emotions she says can result from abortion, including “regret, severe depression, loss of esteem, grief and sorrow.” But studies of abortion reveal a significantly different reality. According to the American Psychological Association, the real risk to a woman’s mental health comes when she wants to terminate a pregnancy — but is not allowed to do so.
Most women make these decisions thoughtfully. And they can point to solid reasons behind their choice. The Alan Guttmacher Institute, which studies reproductive issues, found that about three-quarters of women who have had abortions say unwanted pregnancies would have hurt their ability to work, go to school or care for other dependents — including children they’re already raising. By the same ratio, women express fear that an unwanted pregnancy could significantly hamper their economic stability. And there’s a strong connection between domestic violence and a woman’s decision to abort.
That’s the biggest fallacy of Florida’s 24-hour ban, and one Dempsey swallowed whole: The state can’t claim to offer “informed consent” out of false concern for women’s well-being, while ignoring the far greater disruption that an unwanted pregnancy can create.
It’s been nearly 50 years since Roe vs. Wade promised reproductive liberty to American women. Yet those freedoms seem under attack like never before, and it’s impossible to know how far the backsliding could extend. That’s why voters should put reproductive freedom high on their list when evaluating candidates. It’s easy to take this progress for granted. But as recent events prove, there’s still plenty of ground to lose.
The Orlando Sentinel Editorial Board consists of Opinion Editor Krys Fluker, Editor-in-Chief Julie Anderson, Viewpoints Editor Jay Reddick and El Sentinel Editor Jennifer A. Marcial Ocasio. Contact us at insight@orlandosentinel.com | https://www.orlandosentinel.com/opinion/editorials/os-op-abortion-florida-legislature-ruling-roe-20220414-voo2tigwunha5lprjonac3ax24-story.html | 2022-04-14T10:45:29 | 0 | https://www.orlandosentinel.com/opinion/editorials/os-op-abortion-florida-legislature-ruling-roe-20220414-voo2tigwunha5lprjonac3ax24-story.html |
After a grueling legislative session, nine amendments, three committee votes, and finally late-night House and Senate floor votes last month, SB 1078 has passed and is on its way to the governor’s office to be signed into law.
Those following the bill have watched as it evolved from a straight abolition of soil and water conservation districts to its current state: an insidious, below-the-belt attack on those who seek a volunteer elected position to assist in the protection of our natural resources.
The bill limits who qualifies to run for the districts, effectively pushing out scientists, teachers, engineers, grant managers, community leaders, and many other qualified individuals invested in seeing our soil and water resources protected.
As written, the bill allows only those directly involved in agriculture or recently retired from agriculture to run for the office. In practice, this means that urban districts with limited farmer populations will lose representation.
Further, the restructuring of the districts into single-member subdivisions will make the recruitment of qualified candidates even more difficult, as not all the subdivisions in each county will have a qualified agricultural worker or retiree. That, compounded with requirements a SWCD board must meet with five members, will lead to dissolution of SWCD boards in counties that need them the most.
If this bill becomes law, Florida will begin dissolving its soil and water districts beginning in January 2023. Such a move directly contradicts the governor’s priorities regarding the environment as he stated in 2019, “Our water and natural resources are the foundation of our economy and our way of life in Florida. The protection of water resources is one of the most pressing issues facing our state.”
Why dissolve a publicly-elected board whose purpose is to “coordinate assistance from all available sources — public and private, local, state and federal—to develop locally-driven solutions to natural resources concerns”, as described by the National Association of Conservation Districts.
The bill raises other questions about the precedent the State of Florida is willing to set around publicly elected positions and whether they are willing to push the boundaries of what would be allowed under the 14th Amendment.
As the St. Johns Soil and Water Conservation District Chair, Nicole Crosby, stated, “Only reasonable restrictions are allowed under the 14th amendment. This precedent-setting restriction is clearly unconstitutional and will likely be challenged in court on the taxpayer’s dime.”
The districts serve a multitude of purposes around the state: some contract with the Florida Department of Agriculture and Consumer Services to enroll landowners in best management practices, others sponsor farmers markets or gleaning programs that help address food insecurity in underserved communities. Still others are active in their local 4-H programs and sponsor poster contests for school children.
District activities are dependent on their local priorities and are a direct reflection of the communities they serve. They operate at no cost to the taxpayer and in return, donate their time and energy to educating the public about our state’s natural resources.
Dismantling the districts will not further the governor’s environmental objectives and will only add unnecessary burdens and additional expense to Florida taxpayers.
Jessica Ferris serves on the Leon Soil and Water Conservation District.
This piece first appeared in the Tallahassee Democrat, which is part of the Invading Sea collaborative of Florida editorial boards focused on the threats posed by the warming climate. | https://www.orlandosentinel.com/opinion/guest-commentary/os-op-save-soil-water-conservation-districts-20220414-eaena6xhdvamxdfwujyivrwmyu-story.html | 2022-04-14T10:45:35 | 0 | https://www.orlandosentinel.com/opinion/guest-commentary/os-op-save-soil-water-conservation-districts-20220414-eaena6xhdvamxdfwujyivrwmyu-story.html |