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Husband and wife team taking on 3,000 mile Atlantic ocean rowing challenge
- Credit: Mrandmrseas
A couple from Colchester are set to embark on a 3,000 mile rowing challenge across the Atlantic ocean.
Nina and Simon Crouchman will be taking on the feat, which may take over 50 days, in December, rowing from La Gomera in the Canary Islands to Nelson's Dockyard English Harbour in Antigua & Barbuda.
They will be confined to their 24-foot boat, "The Kracken," and will use water purified after being pumped straight from the ocean.
The event is part of the Talisker Whisky Atlantic Challenge, and the couple will be raising money for the Samaritans charity, which Nina said is "close to our hearts" after a friend of the pair took their own life.
The couple, from Rowhedge, have been rowing for 10 years but Nina said this challenge is “nothing like the rowing we’ve done in the past".
Preparations for December have been on-going for a couple of years, with the pair dedicating themselves to intense training to ensure they are ready for the challenge.
Nina said: “It’s not just physical training it’s mental training as well.
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“We’re going to be rowing two hours on, two hours off, one at a time for 24 hours a day - your body needs to be able to react at any time of the day.
“When you get home from work, you’re tired, but you don’t just sit down and have a cup of tea, you get straight on the rowing machine.
“We’re in the gym and we do PT (personal training) at five in the morning. It’s not just sitting on a bike you’re pumping heavy stuff to make sure that your body can do anything at any time of the day.
“We’re rowing three times a week on the water, we’re on rowing machines at home every other day."
Part of the requirements for the race is that money is raised for a charity. Nina said picking the Samaritans was an easy decision.
“While rowing we will be going through isolation and loneliness which is exactly what people who reach out to Samaritans use their services for.
“The Samaritans in lockdown in particular were helping a lot of people. It affected us with a friend of ours that took their own life."
Nina and Simon are "hoping to be the fastest husband and wife to cross" so will need to beat 51 days.
The pair say they hope to complete their compulsory hours required to qualify for the challenge on the water this weekend. They will then have an inspection in August with a final inspection in La Gomera.
They are still looking for sponsorship and more information can be found on the pair's website here. | https://www.eadt.co.uk/news/colchester-couple-taking-on-talisker-whisky-atlantic-challenge-9174410 | 2022-07-28T19:09:07Z | https://www.eadt.co.uk/news/colchester-couple-taking-on-talisker-whisky-atlantic-challenge-9174410 | true | 1 |
President Joe Biden hailed as "historic" the Senate Democrats' agreement on a bill to fight the climate crisis and decrease the cost of prescription drugs – key pieces of his domestic agenda.
"It's a big deal," Biden said of the bill, called the Inflation Reduction Act, at the White House Thursday. He said the legislation also would both reduce inflationary pressure on the economy and serve as the most important investment the nation has ever made in energy security.
"With this legislation, we're facing up to some of our biggest problems and we're taking a giant step forward as a nation," he said.
He noted that both former Vice President Al Gore, a champion of climate change reform, and Larry Summers, who has been critical of the Biden administration's economic approach, expressed support for the bill.
Agreement on the legislation took months after Senate Democratic holdout Joe Machin backtracked his support for the larger bill earlier in July, saying he was hesitant to approve more spending when inflation was so high. Manchin had opposed parts of the bill that included investments in combating climate change and tax provisions, leaving a slimmed-down healthcare-focused bill instead.
But now, with the West Virginia senator's surprise reversal Wednesday, the bill appears to be moving forward.
"I want to thank Leader Schumer and Joe Manchin for their extraordinary effort it took to reach this result," Biden said.
The bill includes about $300 billion in deficit reduction and $370 billion in energy and climate spending provisions. It would also raise about $313 billion from a new 15% corporate minimum tax.
The president noted that the bill does not include several parts of his Build Back Better agenda that he says he will continue to fight for — provisions that would make childcare and elder care more affordable, reduce the cost of college and pre-school and expand Medicaid.
"This bill is far from perfect. It's a compromise. But it's often how progress is made," Biden said. "My message to Congress is this: This is the strongest bill you can pass" to reduce inflation, combat climate crisis and reduce the burden facing lower and middle class families, he said.
"Pass it for America."
The Senate could take up the bill as early as next week. Democrats are hoping to bring it to the floor using a budget process called reconciliation to avoid a Republican filibuster. Support from all 50 Senate Democrats would be necessary to pass it.
Manchin says Biden was not involved in bill negotiations
Manchin said Thursday morning he did not confer with President Biden about the deal as negotiations evolved.
"President Biden was not involved," Manchin told West Virginia radio host Hoppy Kercheval. "I was not going to bring the president in. I didn't think it was fair to bring him in."
Manchin added that if Biden was involved, the deal "very well could not have happened at all. It could have absolutely gone sideways."
And he pushed back on rhetoric that he walked away from the bill a few weeks ago.
"I'm not walking away from anything. I'm just being very cautious," he said, pointing to his concerns about increasing inflation.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.klcc.org/npr-news/npr-news/2022-07-28/inflation-and-climate-change-tackled-in-new-senate-deal-that-biden-calls-historic | 2022-07-28T19:13:37Z | https://www.klcc.org/npr-news/npr-news/2022-07-28/inflation-and-climate-change-tackled-in-new-senate-deal-that-biden-calls-historic | true | 22 |
JUAREZ, Mexico (Border Report) – A firebomb attack on a Juarez funeral home claimed the life of a man and left two others injured early Thursday.
The fire at the Del Carmen funeral home in the Guadalajara neighborhood was reported around 6 a.m., a short time after neighbors had called in a report that gunmen shot at the pumps of a nearby gasoline station, police and firefighters told Border Report.
The fire at the funeral home likely was started by Molotov cocktails, Juarez police and firefighters said. Remnants of at least one such bottle were found at the scene, authorities said.
Firefighters said the burn victims – a 46-year-old man, another adult and a child – were living in the back of the business. No one was hurt at the gasoline station that was shot at.
“When the unit arrived, (the firefighters) saw there were injured persons including one inside, who were rescued by our personnel with first-, second, and third-degree burns,” said Sergio Rodriguez, commander of the Juarez Fire Department.
Earlier this month, unknown persons hurled Molotov cocktails at two other funeral homes and set a parked public transportation bus on fire.
Juarez police have not established a motive for the attacks. | https://www.wnct.com/border-report-tour/firebomb-attack-on-funeral-home-kills-1-injures-2-in-juarez/ | 2022-07-28T19:15:40Z | https://www.wnct.com/border-report-tour/firebomb-attack-on-funeral-home-kills-1-injures-2-in-juarez/ | false | 17 |
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WILKES-BARRE — A woman awaiting sentencing on charges she threatened to expose a self-made sex tape was arraigned on allegations she assaulted her ex-girlfriend and threatened to burn her house.
Emily Merth, 26, addresses listed as Elk Street, Hanover Township, and York, York County, punched her ex-girlfriend in the face, sent harassing text messages and uploaded the ex-girlfriend’s driver’s license information, Social Security number and nude images on social media, according to court records.
Wilkes-Barre police alleged Merth has been harassing the woman since Feb. 25 and threatened to burn the woman’s house on Lawrence Street.
Merth was arraigned Wednesday by District Judge Joseph Halesey in Luzerne County Central Court on charges of terroristic threats, stalking, simple assault and harassment. She was remanded to the county correctional facility for lack of $15,000 bail.
In an unrelated case, Luzerne County Judge Joseph F. Sklarosky Jr. issued a capias warrant for Merth on March 7 when she failed to appear for her sentencing hearing on a charge of criminal attempt to commit theft by extortion.
Court records say Merth provided sexual services to David Schwager inside a Carey Avenue, Wilkes-Barre, residence on Dec. 30, 2019. Schwager noticed Merth was recording and asked her to stop before leaving, court records say.
Merth allegedly told Schwager she films porn that she sells for money.
After Schwager left, Merth learned of Schwager’s standing in the community as an attorney and threatened to release the video unless he paid $1,000, court records say.
Merth was apprehended by city police June 23 when she was jailed on Sklarosky’s capias warrant. She is scheduled to be sentenced Aug. 25.
In another unrelated case, Pittston Township police charged Merth with disrupting or prevent operation of train, harassment and disorderly conduct for an incident on June 22. | https://s24526.pcdn.co/news/1567607/woman-linked-to-sex-tape-case-charged-with-threatening-girlfriend | 2022-07-28T19:17:42Z | https://s24526.pcdn.co/news/1567607/woman-linked-to-sex-tape-case-charged-with-threatening-girlfriend | true | 3 |
Silver also surged by Rs 1,335 to Rs 56,937 per kg from Rs 55,602 per kg in the previous trade.
In the international market, gold was trading higher at USD 1,747 per ounce while silver was flat at USD 19.38 per ounce.
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The government raised another ₹4,000 crore on the second day of the 5G spectrum auctions, taking its total proceeds from the sale to ₹1.49 lakh crore. The action on Wednesday was muted, though some circles saw intense bidding in the mid band or C-band (3.3-3.67 GHz), and high band (26 GHz) for the second successive day.
Airtel, Jio Select 5G Gear Partners, Voda Idea in TalksBharti Airtel and Reliance Jio Infocomm are believed to have finalised their 5G equipment partners, awarding contracts to Finland’s Nokia, Sweden’s Ericsson and Korea’s Samsung, officially shutting out Chinese vendors Huawei and ZTE from the rollouts of the next-gen technology.
SC Upholds PMLA Provisions’ ValidityThe Supreme Court has upheld the constitutional validity of the provisions of the Prevention of Money Laundering Act (PMLA), calling it a “unique and special legislation” and underlining the powers of the Directorate of Enforcement (ED) to hold inquiries, arrest people and attach property.
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Download The Economic Times News App to get Daily Market Updates & Live Business News. | https://economictimes.indiatimes.com/markets/commodities/news/gold-jumps-rs-592-silver-rallies-rs-1335/articleshow/93186665.cms | 2022-07-28T19:18:15Z | https://economictimes.indiatimes.com/markets/commodities/news/gold-jumps-rs-592-silver-rallies-rs-1335/articleshow/93186665.cms | false | 15 |
Meta, the parent company of Facebook and Instagram, posted its first revenue decline in history Thursday, dragged down by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies.
The results largely followed a broader decline in the digital advertising market that is dinging Meta rivals such as Google, Twitter — which also posted a revenue decline — and Snap. Google’s parent company Alphabet reported its slowest quarterly growth in two years on Tuesday.
CEO Mark Zuckerberg said Meta is slowing its pace of investments and plans to “steadily reduce” employee growth after a hiring blitz earlier this year.
“This is a period that demands more intensity,” he said in a conference call with analysts. “Expect us to get more done with fewer resources.”
Beyond the economic downturn, Meta faces some unique challenges, including the looming departure of its chief operating officer Sheryl Sandberg, the chief architect of the company’s massive advertising business.
In addition to TikTok, the decline in ad spending among the downturn and Apple’s privacy changes, “questions about Meta’s leadership” — including Sandberg’s exit and negative sentiment about the company as a whole — also contributed to the decline, said Raj Shah, a managing partner at digital consultancy Publicis Sapient.
Meta earned profits of $6.69 billion, or $2.46 per share, in the April-June period. That’s down 36% from $10.39 billion, or $3.61 per share, in the same period a year ago.
Revenue was $28.82 billion, down 1% from $29.08 billion a year earlier.
Analysts, on average, were expecting earnings of $2.54 per share on revenue of $28.91 billion, according to a poll by FactSet.
“The year-over-year drop in quarterly revenue signifies just how quickly Meta’s business has deteriorated,” said Insider Intelligence analyst Debra Aho Williamson in an email. “Prior to these results, we had forecasted that Meta’s worldwide ad revenue would increase 12.4% this year, to nearly $130 billion. Now, it’s unlikely to reach that figure.”
She added that the good news — if it could be called that — is that Meta’s competitors are also experiencing slowdowns.
Meta is in the midst of a corporate transformation that it says will take years to complete. It wants to evolve from a provider of social platforms to a dominant power in a nascent virtual reality construct it calls the “metaverse” — sort of like the internet brought to life, or at least rendered in 3D. CEO Mark Zuckerberg has described it as an immersive virtual environment, a place people can virtually “enter” rather than just staring at a screen. The company is investing billions in its metaverse plans that will likely take years to pay off — and as part of its plan renamed itself Meta last fall.
“Expect Meta’s decline to continue until Meta can monetize the metaverse, and begin another Meta-reverse,” Shah said.
Meta forecasts revenue of $26 billion to $28.5 billion for the current quarter, which is below Wall Street’s expectations.
“This outlook reflects a continuation of the weak advertising demand environment we experienced throughout the second quarter, which we believe is being driven by broader macroeconomic uncertainty,” finance chief David Wehner said in a statement. Meta said Wehner is being promoted to chief strategy officer, where he will oversee the company’s strategy and corporate development. Susan Li, currently vice president of finance, will replace him as CFO.
Shares of Meta Platforms Inc. fell $6.88, or 4.1%. to $162.70 in after-hours trading. The stock had closed up $10.43, or 6.6%. at $169.58 on Wednesday in the regular trading session. Meta’s stock has lost more than half its value since the start of this year. | https://www.counton2.com/business/ap-business/facebook-parent-meta-posts-first-revenue-decline-in-history/ | 2022-07-28T19:25:45Z | https://www.counton2.com/business/ap-business/facebook-parent-meta-posts-first-revenue-decline-in-history/ | false | 43 |
Stocks are extending their gains on Wall Street in afternoon trading Thursday after shaking off an early slide following a report that signaled the U.S. economy is either already in a recession or well on its way.
The S&P 500 was up 1.1% as of 2:26 p.m. Eastern. The Dow Jones Industrial Average was up 1.1% and the Nasdaq was 0.8% higher. Smaller company stocks also rose, lifting the Russell 2000 by 0.9%.
The indexes fell in the early going after the Commerce Department reported that the economy shrank from April through June, contracting at a 0.9% annual pace. The latest decline in the gross domestic product — the broadest gauge of the economy — followed a 1.6% annual drop from January through March. Consecutive quarters of falling GDP are an informal, though not definitive, indicator of a recession.
The GDP report for last quarter pointed to weakness across the economy. Consumer spending slowed as Americans bought fewer goods. Business investment fell. Inventories tumbled as businesses slowed their restocking of shelves, shedding 2 percentage points from GDP.
The Federal Reserve has made slowing U.S. economic growth in order to tame the highest inflation in 40 years its goal by raising interest rates, most recently on Wednesday. The latest GDP report, along with other recent weak data, could be giving some investors confidence that the central bank will not have to be as aggressive about hiking rates in the months to come.
“Sometimes bad news is good news,” said Megan Horneman, chief investment officer at Verdence Capital Advisors.
The Fed raised its key short-term interest rate by 0.75 percentage points on Wednesday, bringing it to the highest level since 2018. The move sparked a broad market rally led by technology stocks that helped give the Nasdaq its biggest gain in over two years. The major indexes are now all on pace for a weekly gain, extending Wall Street’s strong July rally.
Technology stocks and retailers, restaurant chains and other companies that rely on direct consumer spending helped lift the S&P 500 Thursday. Microsoft rose 2.8%, Target gained 3.2% and McDonald's was 1.4% higher.
Communication services stocks were the only laggards. Meta Platforms fell 7% after the social media giant said its revenue fell last quarter for the first time ever, dragged down by a drop in ad spending.
In a busy week of corporate earnings reports investors have focused on what companies are saying about inflation and the impact rising interest rates are having on their business and customers.
Markets were spooked Monday after retail giant Walmart warned that its profits are being hurt by rising prices for food and gas, which are forcing shoppers to cut back on more profitable discretionary items such as clothing.
Stanley Black & Decker slumped 14.4% Thursday after the tool maker's second-quarter results fell short of Wall Street's estimates. The company noted that demand significantly slowed in May and June.
Oshkosh fell 6.3% after the company reported weaker-than-expected quarterly results and lowered its 2022 profit guidance, citing lingering supply chain disruptions and inflation.
Meanwhile, Spirit Airlines shares rose 4.1% after JetBlue said it agreed to buy the budget airline for $3.8 billion to create the nation's fifth largest airline. The agreement, which still requires regulator and shareholder approval, comes a day after Spirit's attempt to merge with Frontier Airlines fell apart.
Bond yields were broadly lower. The two-year Treasury yield, which tends to move with expectations for the Fed, fell to 2.88% from 2.98% late Wednesday. The 10-year yield, which influences mortgage rates, fell to 2.69% from 2.74%.
Credit: Seth Wenig
Credit: Seth Wenig
Credit: Seth Wenig
Credit: Seth Wenig | https://www.ajc.com/news/nation-world/stocks-on-wall-street-rise-after-shaky-start-on-gdp-report/F2S7UAWZSJGQLCA6OOS27EDNXU/ | 2022-07-28T19:28:29Z | https://www.ajc.com/news/nation-world/stocks-on-wall-street-rise-after-shaky-start-on-gdp-report/F2S7UAWZSJGQLCA6OOS27EDNXU/ | false | 32 |
DETROIT (AP) — The Michigan Supreme Court outlawed automatic life sentences Thursday for people who were 18 when they participated in first-degree murder, opening a door to shorter prison terms and opportunities for parole.
In a 4-3 opinion, the court said mandatory no-parole sentences at that age violate the Michigan Constitution's ban on “cruel or unusual” punishment.
The “sentence lacks proportionality because it fails to take into account the mitigating characteristics of youth, specifically late-adolescent brain development,” Justice Elizabeth Welch wrote for the majority.
Prosecutors still can pursue life sentences for 18-year-olds. But a judge first must hold a hearing where defense lawyers can present mitigating evidence, such as education, family life, decision-making skills and other factors.
It would be similar to the hearings now held for people who were 17 or younger when they participated in first-degree murder.
The state's high court ruled in the case of Kemo Parks, who was 18 in 2016 when he assisted his cousin in a murder outside a Flint market. His conviction meant an automatic no-parole sentence.
In dissent, Justice Elizabeth Clement said the court was intruding on the Legislature's job to set criminal justice policy.
“I would not be surprised if the court extends its current line in the near future. ... Young adults are, after all, not the only ones subject to factors that cloud their reasoning — indeed, we are all subject to cognitive biases to different extents,” said Clement, who was joined by justices Brian Zahra and David Viviano.
The court did not indicate whether its decision would be applied to other prisoners who have exhausted appeals of their sentence. But the court sent a similar case back to the Court for Appeals for more work, citing the Parks result.
“I believe it will be retroactive, but that needs to be litigated further,” said Jessica Zimbelman of the State Appellate Defender Office, known as SADO.
Another SADO attorney, Angeles Meneses, said the office represents many people in the same situation as Parks.
___
Follow Ed White at http://twitter.com/edwritez | https://www.myjournalcourier.com/news/article/Mich-court-bars-automatic-life-sentences-for-17335801.php | 2022-07-28T19:28:48Z | https://www.myjournalcourier.com/news/article/Mich-court-bars-automatic-life-sentences-for-17335801.php | false | 12 |
DES MOINES, Iowa (AP) — One of the nation’s biggest lottery prizes got a little bigger Thursday as the Mega Millions jackpot increased to an estimated $1.1 billion.
The increase ahead of Friday night’s drawing makes the jackpot the third largest, behind $1.5 billion prizes won in 2018 and 2016.
The Mega Millions prize has grown so large because it has been more than three months since anyone matched the game’s six numbers and snagged the jackpot. That amounts to 29 consecutive drawings without a winner.
Before rushing out to spend $2 on a ticket, keep in mind that the odds of winning the Mega Millions jackpot are a staggering 1 in 302.5 million.
The $1.1 billion prize is for players who get their winnings through an annuity, paid annually over 29 years. Nearly all winners take the cash option, which for Friday’s drawing is an estimated $648.2 million. | https://www.wpri.com/lottery/mega-millions-jackpot-now-1-1-billion-nations-3rd-largest/ | 2022-07-28T19:30:44Z | https://www.wpri.com/lottery/mega-millions-jackpot-now-1-1-billion-nations-3rd-largest/ | false | 31 |
Red Sox: Most likely player to be moved if Boston sells, and where he could go
The Red Sox could end up being sellers at the MLB Trade Deadline and, if that happens, one player is most likely to be traded and a destination is obvious. It’s been a tumultuous month of July for the Boston Red Sox. On the heels of a torrid June that saw...
fansided.com | https://www.newsbreak.com/news/2679967091393/red-sox-most-likely-player-to-be-moved-if-boston-sells-and-where-he-could-go | 2022-07-28T19:33:34Z | https://www.newsbreak.com/news/2679967091393/red-sox-most-likely-player-to-be-moved-if-boston-sells-and-where-he-could-go | false | null |
Wicket-keeping legend Adam Gilchrist on Thursday said he wants the Board of Control for Cricket in India (BCCI) to allow the Indian cricketers to take part in T20 leagues outside the country. (More Cricket News)
The BCCI, presently, does not allow the Indian players to participate in overseas T20 leagues like Australia's Big Bash League to maintain exclusivity of IPL.
"It will be wonderful (if the Indian players are allowed to play in overseas T20 leagues), I personally feel that it won't diminish the IPL, it will only grow them as a brand. If they (Indian players) can play in Australia or South Africa," Gilchrist told reporters.
"But the challenge is we are all playing our domestic seasons at the same time, so that is a hard thing, isn’t it?," he added.
Gilchrist's suggestion came after a day he questioned the growing dominance of the Indian Premier League (IPL) franchises in world cricket.
However, the three-time World Cup winner maintained he was not against the most world's most popular T20 league.
"I'm not criticising the IPL, but why won’t Indian players come and play in the Big Bash league? I’ve never had an open and honest answer: Why are some leagues accessing every player in the world? No Indian player plays in any other T20 league. I am not saying in a provocative sense, but is that a fair question?" he asked.
"I really want to highlight (that the) six seasons (I played in the IPL) I loved it. It was a great experience. It is the premier T20 competition in the world, but it is important to allow other boards and countries to prosper as well," he added.
Need to be patient with Rishabh Pant
Gilchrist once again praised India's swashbuckling wicket-keeper batter Rishabh Pant and urged the Indian board to be patient with him when things go awry.
"He (Pant) is one of the most exciting cricketers to watch, I think he just lights up a stage, and makes an electric atmosphere when he is playing, that is wonderful," Gilchrist said.
"The BCCI, the management and the selectors will just need to be patient with him. A few innings if he doesn’t score they shouldn’t be too harsh on him, because you don’t want to suppress the natural flair,” he added. | https://www.outlookindia.com/sports/bcci-should-allow-indian-cricketers-to-play-in-foreign-t20-cricket-leagues-says-adam-gilchrist-news-212666 | 2022-07-28T19:37:36Z | https://www.outlookindia.com/sports/bcci-should-allow-indian-cricketers-to-play-in-foreign-t20-cricket-leagues-says-adam-gilchrist-news-212666 | true | 10 |
Washington [US], July 28 (ANI): A new analysis explores relationships between domestic cats' hormone levels, gut microbiomes, and social behaviors, shedding light on how these solitary animals live in high densities.
Most feline species display solitary and territorial behavior, but domestic cats often live in high densities, raising the question of what strategies cats use to establish cohabitating groups. Social behaviors of cats can be influenced by hormones and the mix of different microbe species living in their guts -- known as the gut microbiome. Studying these factors could help illuminate the group dynamics of cohabitating cats.
In that vein, Koyasu and colleagues conducted a two-week-long study of three different groups of five cats living together in a shelter. They used video cameras to observe the cats' behavior, measured hormone levels in their urine, and collected feces to evaluate the mix of microbial species in the cats' microbiomes.
Statistical analysis of the data revealed that cats with high levels of the hormones cortisol and testosterone had less contact with other cats, and those with high testosterone were more likely to try to escape. Meanwhile, cats with low cortisol and testosterone were more tolerant in their interactions with other cats. The researchers also found greater similarity of gut microbiomes between cats who had more frequent contact with each other, and they found links between the gut microbiome, social behavior, and cortisol levels.
Meanwhile, contrary to the researchers' expectations from research on animals that typically live in groups, cats with high levels of the hormone oxytocin did not display bonding behaviors described as "socially affiliative." This suggests that oxytocin might function differently for typically solitary animals living in groups than for animals that typically live in groups.
The researchers outline possible directions for future research to further deepen understanding of cohabitating cat dynamics, such as a follow-up study that observes cats for several months, rather than just two weeks, and investigations to tease out causal relationships between hormones and social behaviors.
The authors add: "Low testosterone and cortisol concentrations in cats enabled them to share the space and live together, but the higher the oxytocin, the less affiliative behavior with others and the more lonely they are. The function of oxytocin was different from that of affinity for a group-mate. Cats may not consider other individuals living in the same space as tight relationship group-mates." (ANI) | https://www.aninews.in/news/science/study-uncovers-links-between-hormones-gut-microbes-and-social-behavior-in-cohabitating-cats20220728234053/ | 2022-07-28T19:37:47Z | https://www.aninews.in/news/science/study-uncovers-links-between-hormones-gut-microbes-and-social-behavior-in-cohabitating-cats20220728234053/ | true | 4 |
American Family Insurance Mutual Holding Co recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
6000 American Parkway Madison, WI 53783
As of the latest 13F report, the guru’s equity portfolio contained 12 stocks valued at a total of $2.04Bil. The top holdings were HYDW(53.32%), HYLB(13.20%), and IWP(7.27%).
According to GuruFocus data, these were American Family Insurance Mutual Holding Co’s top five trades of the quarter.
Xtrackers Low Beta High Yield Bond ETF
American Family Insurance Mutual Holding Co reduced their investment in ARCA:HYDW by 6,160,000 shares. The trade had a 11.91% impact on the equity portfolio. During the quarter, the stock traded for an average price of $45.89.
On 07/28/2022, Xtrackers Low Beta High Yield Bond ETF traded for a price of $46.8597 per share and a market cap of $1.25Bil. The stock has returned -4.64% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Xtrackers USD High Yield Corporate Bond ETF
During the quarter, American Family Insurance Mutual Holding Co bought 5,547,000 shares of ARCA:HYLB for a total holding of 7,989,808. The trade had a 9.16% impact on the equity portfolio. During the quarter, the stock traded for an average price of $35.3.
On 07/28/2022, Xtrackers USD High Yield Corporate Bond ETF traded for a price of $35.63 per share and a market cap of $4.08Bil. The stock has returned -7.37% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
iShares U.S. Credit Bond ETF
The guru established a new position worth 2,500,000 shares in NAS:USIG, giving the stock a 6.24% weight in the equity portfolio. Shares traded for an average price of $51.87 during the quarter.
On 07/28/2022, iShares U.S. Credit Bond ETF traded for a price of $52.5 per share and a market cap of $7.15Bil. The stock has returned -12.34% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
iShares Russell 3000 ETF
The guru sold out of their 592,626-share investment in ARCA:IWV. Previously, the stock had a 6.23% weight in the equity portfolio. Shares traded for an average price of $236.7 during the quarter.
On 07/28/2022, iShares Russell 3000 ETF traded for a price of $234.55 per share and a market cap of $10.67Bil. The stock has returned -9.41% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Russell 3000 ETF has a price-earnings ratio of 17.72 and a price-book ratio of 3.23.
Vanguard Intermediate-Term Corporate Bond ETF
American Family Insurance Mutual Holding Co reduced their investment in NAS:VCIT by 1,031,000 shares. The trade had a 3.56% impact on the equity portfolio. During the quarter, the stock traded for an average price of $81.31.
On 07/28/2022, Vanguard Intermediate-Term Corporate Bond ETF traded for a price of $82.535 per share and a market cap of $42.52Bil. The stock has returned -11.51% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way. | https://www.gurufocus.com/news/1837890/american-family-insurance-mutual-holding-co-buys-2-sells-3-in-2nd-quarter | 2022-07-28T19:41:13Z | https://www.gurufocus.com/news/1837890/american-family-insurance-mutual-holding-co-buys-2-sells-3-in-2nd-quarter | false | 167 |
The Tipperary GAA Raceday took place last Monday, July 25 at Galway races. This event forms a major part of our fundraising activities each year and continues to be extremely well supported.
On the day guests were kept entertained by MC Paul Collins who presided over a very successful auction as well as interviewing a number of special guests. We thank all those who attended or supported our Raceday and made it the great occasion it was.
To see the images from the day out, click >arrow> or 'Next' to see everyone in attendance.
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Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.
Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm. | https://www.ireland-live.ie/news/tipperary-live/872199/pics-tipperary-gaa-race-day-a-big-success-in-galway.html | 2022-07-28T19:41:45Z | https://www.ireland-live.ie/news/tipperary-live/872199/pics-tipperary-gaa-race-day-a-big-success-in-galway.html | false | 4 |
Gazprom’s $40 billion MoU with…
Gazprom has resumed gas supply…
Shell (NYSE: SHEL) reported on Thursday another record in quarterly earnings—its second record-setting quarter in a row–as oil and gas prices surged and refining margins spiked.
Shell booked adjusted earnings—the measure most closely watched by analysts—of $11.472 billion for the second quarter, up from the previous record earnings of $9.130 billion booked for the first quarter this year, and more than double the $5.534 billion in earnings for the second quarter of last year. The Q2 2022 earnings were also ahead of analyst expectations of $11 billion.
The higher earnings mainly reflected higher realized prices, higher refining margins, and higher gas and power trading and optimization results, Shell said.
Cash flow from operating activities jumped by 26% sequentially to $18.655 billion.
Following the record results, Shell announced a share buyback program of $6 billion, which is expected to be completed by the third-quarter 2022 results announcement. These share repurchases will add to the $8.5 billion buyback program for the first half of 2022, which was completed in early July.
“With the current energy sector outlook and subject to Board approval, shareholder distributions are expected to remain in excess of 30% of cash flow from operating activities,” Shell said.
Analysts had expected Europe’s biggest firms—Shell, BP, and TotalEnergies—to boost share repurchases, and some also anticipated that Shell could announce a further dividend increase on the back of another set of blockbuster results for the second quarter.
But Shell did not. The supermajor left its dividend unchanged at $0.25 per share for the second quarter.
“With volatile energy markets and the ongoing need for action to tackle climate change, 2022 continues to present huge challenges for consumers, governments, and companies alike. Consequently, we are using our financial strength to invest in secure energy supplies which the world needs today, taking real, bold steps to cut carbon emissions, and transforming our company for a low-carbon energy future,” Shell CEO Ben van Beurden said.
By Tsvetana Paraskova for Oilprice.com
More Top Reads From Oilprice.com:
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. | https://oilprice.com/Latest-Energy-News/World-News/Shell-Books-Record-Profit-As-Commodity-Prices-Rally.html | 2022-07-28T19:42:58Z | https://oilprice.com/Latest-Energy-News/World-News/Shell-Books-Record-Profit-As-Commodity-Prices-Rally.html | false | 1 |
As Florida State prepares for another football season, the Seminoles enter fall camp with a better understanding of what is expected of them. Players and coaches have gone through their fair share of growing pains in the past two seasons under coach Mike Norvell, with much of the roster undergoing a major rebuild.
As FSU heads into Year 3, the depth chart features a comfortable mix of veterans and young players. That familiarity in the system has led to a much smoother start to camp Wednesday, with coaches spending more time installing plays rather than teaching fundamentals.
“With so many returning guys, there’s a standard and expectation and they know what that needs to be,” said Norvell.
Norvell credits new NCAA rules, which allow programs limited availability with players to help transition from offseason workouts into fall camp.
“We were able to get some beneficial work,” explained Norvell. “We did a good job in our meetings and were very aggressive on our first day of installation, which kind of showed up with some of the young guys because, in the summer, you aren’t allowed to go against anyone.”
The amount of growth from the team, from the first days of offseason conditioning to spring camp through summer workouts, allowed coaches to push players on the field. FSU coaches put the team through its paces, not afraid to utilize speed and tempo. A far cry from the first fall practice in 2020.
“It’s night and day,” said Norvell. “We were able to be very aggressive in installations and now get to try to push it to another level of creating adversity and making them uncomfortable. There will always be uncomfortable moments that show up, but these guys care.
“It was probably the most I’ve been able to pack into a first-day install as long as I can remember and it was intentional because of the way these guys have come along and I thought they were ready for it.”
Defensive tackle Robert Cooper noticed a difference in the team’s ability to handle the increased workload.
“I did see a big difference just in how fast everybody was moving,” said Cooper. “It shows you how confident more people are in what they’re doing and what was expected from [defensive coordinator] Coach [Adam] Fuller to [offensive coordinator] Coach [Alex] Atkins. Everybody knows what needs to be done and the standard has been set these last couple of years.”
Cooper, a redshirt senior, is also quick to credit the team’s work over the offseason to prepare for this upcoming camp.
“You could tell everybody was together; everybody was fighting for each other,” he said. “If one guy got tired, you saw everyone helping him. We didn’t leave one man behind. We all know what we want at the end of the day. We can’t sit here and talk about ‘We want this and we want that,’ we have to do it with action.”
FSU opens the season by hosting Duquesne on Aug. 27 at 5:30 p.m. It’s the earliest the Seminoles have started play since 2002 when they took on Iowa State in Kansas City.
Gibbons earns preseason honors
Redshirt senior offensive lineman Dillan Gibbons was named a candidate for the Wuerffel Trophy watch list.
Gibbons started 11 games at guard last season for the Seminoles, joining the program as a graduate transfer from Notre Dame. He was an honorable mention all-ACC selection in 2021 after allowing no sacks while protecting the left side of the offensive line.
Away from the field, Gibbons established a nonprofit foundation to help raise money for those in need. He is also a nominee for the Allstate AFCA Good Works Team.
The Wuerffel Trophy is named for former Florida quarterback Danny Wuerffel and is awarded to a Football Bowl Subdivision player who best exemplifies community service and leadership skills. Semifinalists will be announced on Nov. 1 and finalists on Nov. 22, with a winner revealed on Dec. 8.
He joins punter Alex Mastromanno (Ray Guy Award), safety Jammie Robinson (Jim Thorpe Award, Bronko Nagurski Award), linebacker Tatum Bethune (Butkus Award), tight end Camren McDonald (Mackey Award), running back Treshaun Ward (Doak Walker Award) and quarterback Jordan Travis (Maxwell Award) as Seminoles to earn preseason honors.
This article first appeared on OrlandoSentinel.com. Email Matt Murschel at mmurschel@orlandosentinel.com or follow him on Twitter at @osmattmurschel. | https://www.sun-sentinel.com/sports/florida-state-seminoles/os-sp-fsu-seminoles-football-fall-camp-mike-norvell-20220728-sgdrochlezgz5n2uck5wv4duyu-story.html | 2022-07-28T19:43:14Z | https://www.sun-sentinel.com/sports/florida-state-seminoles/os-sp-fsu-seminoles-football-fall-camp-mike-norvell-20220728-sgdrochlezgz5n2uck5wv4duyu-story.html | true | 2 |
Congress OKs bill to aid computer chip firms, counter China
WASHINGTON (AP) — The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China.
The House approved the bill by a solid margin of 243-187, sending the measure to President Joe Biden to be signed into law and providing the White House with a major domestic policy victory. About two-dozen Republicans voted for the legislation.
“My plea is put politics aside. Get it done,” Biden said before the vote, adding it would give the U.S. “the ability not only to compete with China for the future, but to lead the world and win the economic competition of the 21st century.”
Republicans argued the government should not spend billions to subsidize the semiconductor industry and GOP leadership in the House recommended a vote against the bill, telling members the plan would provide enormous subsidies and tax credits “to a specific industry that does not need additional government handouts.”
Rep. Guy Reschenthaler, R-Pa., said the way to help the industry would be through tax cuts and easing federal regulations, “not by picking winners and losers” with subsidies — an approach that Rep. Joseph Morelle, D-N.Y., said was too narrow.
“This affects every industry in the United States,” Morelle said. “Take, for example, General Motors announcing they have 95,000 automobiles awaiting chips. So, you want to increase the supply of goods to people and help bring down inflation? This is about increasing the supply of goods all over the United States in every single industry.”
Some Republicans viewed passing the legislation as important for national security. Rep. Mike McCaul, the top Republican on the House Foreign Affairs Committee, said it was critical to protect semiconductor capacity in the U.S., which he said was too reliant on Taiwan for the most advanced chips. That could prove to be a major vulnerability should China try to take over the self-governing island that Beijing views as a breakaway province
“I’ve got a unique insight in this. I get the classified briefing. Not all these members do,” McCaul said. “This is vitally important for our national security.”
The bill provides more than $52 billion in grants and other incentives for the semiconductor industry as well as a 25% tax credit for those companies that invest in chip plants in the U.S. It calls for increased spending on various research programs that would total about $200 billion over 10 years, according to the Congressional Budget Office.
A late development in the Senate — progress announced by Wednesday night by Democrats on a $739 billion health and climate change package — threatened to make it harder for supporters to get the semiconductor bill over the finish line, based on concerns about government spending.
Rep. Frank Lucas, R-Okla., said he was “disgusted” by the turn of events on Capitol Hill.
Despite bipartisan support for the research initiatives, “regrettably, and it’s more regrettably than you can possibly imagine, I will not be casting my vote for the chips and science act today.”
___
Associated Press writer Zeke Miller contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kctv5.com/2022/07/28/congress-oks-bill-aid-computer-chip-firms-counter-china/ | 2022-07-28T19:43:32Z | https://www.kctv5.com/2022/07/28/congress-oks-bill-aid-computer-chip-firms-counter-china/ | false | 26 |
Flash drought intensifies, causing agriculture concerns in the Plains and water shortages in the Northeast
By Judson Jones, Monica Garrett and Payton Major, CNN
Flash drought conditions intensified in the Northeast and across the southern Plains, causing agriculture concerns across the regions, according to the latest US Drought Monitor released Thursday morning.
“Temperatures across the region were generally 2-8 degrees warmer than normal, with the warmest readings occurring in Oklahoma, Texas, northern Arkansas, and the western half of Tennessee,” the US Drought Monitor wrote Thursday.
Extreme drought — the second highest level on the drought monitor — in Oklahoma quadrupled in coverage, now at over 27% this week.
“Crop failure and related problems are widespread in the part of the region experiencing flash drought, especially in northeast Texas, eastern and central Oklahoma, and northern Arkansas,” the US Drought Monitor said.
McLennan County, Texas, where the city of Waco is located, went from 17.5% of the county in exceptional drought, the highest level, to over 62% this week. Waco, Texas is on track to having one of its driest years on record.
Generally hot — temperatures 4-8 degrees Fahrenheit above average — and drier weather lead to growing precipitation deficits, reductions in streamflow, poor soil moisture and water shortages in some areas.
“Severe drought expanded in coverage in eastern Massachusetts, Rhode Island, and eastern Connecticut,” the Drought Monitor said. “Widespread calls for water conservation occurred from New England to the Hudson Valley and New Jersey, and hay fields struggled in Rhode Island.”
Hot and dry weather also covered south-central and southwest Missouri, where flash drought intensified and agricultural problems continued.
In Missouri, extreme drought has increased to 18% of the state, up 16% from last week.
“Just to the north of this region, heavier rains fell in two areas, one from southeast of Kansas City to southeast Missouri, and a second in central, eastern, and northeast Missouri. The latter caused flash flooding in the St. Louis area and a record one-day rainfall at St. Louis Lambert Airport,” the US Drought Monitor wrote in their report.
This rainfall has created a sharp contrast across the state between absolutely no drought in the north and extreme drought across the southern portion of the state.
Out West, rainfall has helped improve some areas suffering from long-term drought conditions.
“Rainfall from the North American Monsoon over the last few weeks led to some improvements in the drought situation across Arizona and New Mexico, where precipitation deficits lessened,” the US Drought Monitor said.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://keyt.com/news/2022/07/28/flash-drought-intensifies-causing-agriculture-concerns-in-the-plains-and-water-shortages-in-the-northeast/ | 2022-07-28T19:44:46Z | https://keyt.com/news/2022/07/28/flash-drought-intensifies-causing-agriculture-concerns-in-the-plains-and-water-shortages-in-the-northeast/ | true | 10 |
Academy Award winner Charlize Theron (Bombshell) and multi-Academy Award-winning filmmaker Alfonso Cuarón (Roma) will produce the film Jane, examining the family life of trailblazing sci-fi writer Philip K. Dick (Do Androids Dream of Electric Sheep?), for Amazon Studios, Deadline can confirm. They’re partnering on the project with Isa Hackett (The Man in the High Castle), who developed the work based on the lives of her father and his twin sister.
Jane is billed as a story about a woman’s unique relationship with her brilliant, but troubled twin, who also happens to be Philip K. Dick—the celebrated novelist behind Blade Runner source material Do Androids Dream of Electric Sheep?, along with such iconic titles as A Scanner Darkly and The Man in the High Castle, which have likewise been adapted for the screen. While attempting to rescue her brother from predicaments both real and imagined, Jane plunges deeper and deeper into a fascinating world of his creation. The pic is being eyed as a starring vehicle for Theron, to be directed by Cuarón.
The companies set to produce Jane are Electric Shepherd Productions, Denver and Delilah Productions, and Esperanto Filmoj. Cuarón’s longtime producer and Head of Esperanto Filmoj, Gabriela Rodriguez, is set to produce alongside Denver and Delilah’s Beth Kono and AJ Dix, and Electric Shepherd Productions’ Head of Film and Television Sarah Scougal and creative executive Kalen Egan. Lila Rawlings, Creative Development at Esperanto Filmoj, will serve as executive producer.
“The story of ‘Jane’ has been with me for as long as I can remember. Jane, my father’s twin sister who died a few weeks after birth, was at the center of his universe,” said Hackett. “Befitting a man of his unique imagination, this film will defy the conventions of a biopic and embrace the alternate reality Philip K. Dick so desperately desired—one in which his beloved sister survived beyond six weeks of age. It is her story we will tell, her lens through which we will see him and his imagination. There is no better way to honor him than to grant him his wish, if only for the screen. I’m immensely grateful for the partnership and the brilliance Charlize and Alfonso bring. Their support, particularly with this deeply personal story, means more to me than they could know.”
Theron and her Denver & Delilah Productions are represented by WME and Hansen, Jacobson, Teller; Cuarón by WME, Blue Marble Management and Shapiro Slewett & Kole; and Electric Shepherd Productions by WME and attorney Christopher Tricarico.
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Subscribe to Deadline Breaking News Alerts and keep your inbox happy. | https://deadline.com/2022/07/charlize-theron-alfonso-cuaron-team-for-philip-k-dick-film-jane-1235080152/ | 2022-07-28T19:47:58Z | https://deadline.com/2022/07/charlize-theron-alfonso-cuaron-team-for-philip-k-dick-film-jane-1235080152/ | false | 1 |
In a May 2022 interview with Spain’s Hellpress, TWISTED SISTER frontman Dee Snider, who was famously called to testify before the U.S. Senate against the proposition to have warning labels be placed on albums deemed “offensive” to listeners, once again spoke about the rise of political correctness in the social media era. Asked for his opinion of the current state of “censorship”, Dee said (as transcribed by BLABBERMOUTH.NET): “In the ’80s, it was the Reagan era — Ronald Reagan and Margaret Thatcher — and a very conservative world, and conservative people, puritan and religious people, were trying to stop rock and roll and [introduce] censorship of things. But now, over the years, it’s gone to the other side; it’s gone to the more liberal side. And the reasons [are], they’ll say, ‘We’re not being controlling. These words are hurtful and these words make people uncomfortable and these are not the nice things to say.’ And I understand that. We should always try to improve as a world. But when you start to look at history and challenge people for things that they did 10 years ago. I’m not talking about super-bad things — pedophilia; there’s no time limit on that. And they wanna change the past.
“You saw the movie ‘The Dirt’ [from] MÖTLEY CRÜE?! And there are a lot of people very upset that the movie showed women objectified. And they said, ‘It was the ’80s. That was what was happening. That happened.’
“You can’t change the past,” Dee added. “You can say, ‘Okay, we’re not gonna do that anymore.’ That’s what bothers me — when people try to wanna go back in time and somehow censor the past and change the past. We’ve gotta recognize that things happened — good things and bad things happened — and if we wanna make changes, make ’em moving forward, not going back and changing what happened.”
Snider went on to say that censorship crossed his mind while writing his latest solo album, “Leave A Scar”, but he pushed any fears of offending someone out of his head to get the record done.
“On [the] album, there’s a song called ‘In For The Kill’. The chorus is ‘In for the kill, fire at will.’ It’s using a gun metaphor and killing as a metaphor for achieving your goals and dreams. But my brain inside said, ‘Wait a minute. Can I write that?’ And my other brain, the bigger one, said, ‘Fuck yeah! Yes, you can. What the fuck? You’re Dee fucking Snider.’
“Just the idea that as a creative person, I was thinking about censoring. ‘Cause I’m a writer, I write screenplays and I just did my first novel, and when you write, never edit as you write. You write — just freely write — and then, after you [are done writing], then you go back and say, ‘Maybe I’ll edit some [of these things].’ But you should never be self-editing as you create. Creation should just come naturally and flow.”
In 1985, the Parents’ Music Resource Center (PMRC),led by Tipper Gore, was trying to introduce a parental warning system that would label all albums containing “offensive material.” The system was to include letters identifying the type of objectionable content to be found in each album (e.g. O for occult themes, S for sex, D for drugs, V for violence, etc.),which resulted in the “Parental Advisory” sticker now found on new album releases with “questionable content.” The incongruous trio of Snider, Frank Zappa and John Denver were called before Congress to testify in defense of music.
In 2015, Snider wrote an Op-Ed story for HuffingtonPost.com about his experience, saying: “Thirty years later, everything and nothing has changed. The ultra-conservatives still want to dictate to the masses what they deem acceptable for the general public to see and hear. The record industry is a mere shadow of its former self (apt punishment for its cowardice),and CDs and vinyl albums have almost become ‘novelties’ in a world driven by downloads. Yet, the warning labels still adorn individual track listings and albums online.
“While initially my appearance at those Senate hearings was damaging to my career and reputation, long term it was beneficial, showing people for the first time that I was much more than a screaming ‘Raggedy Ann on acid’ and a fairly intelligent, sentient human being. Fortunately, I have gone on to better things.”
TWISTED SISTER called it quits in 2016 after completing a farewell 40th-anniversary tour. | http://www.mkblog.mk-magazine.com/news_7-08/2022/07/28/dee-snider-blasts-retroactive-censorship-you-cant-change-the-past/ | 2022-07-28T19:50:40Z | http://www.mkblog.mk-magazine.com/news_7-08/2022/07/28/dee-snider-blasts-retroactive-censorship-you-cant-change-the-past/ | true | 2 |
Obama White House portrait to be unveiled at Sept. 7 event
WASHINGTON (AP) — Barack Obama‘s presidential portrait will be unveiled at the White House in a September ceremony hosted by his former No. 2, President Joe Biden.
Portraits of the former president and Michelle Obama will be presented in the East Room as is traditional, on Sept. 7, according to Obama’s office.
It will mark the first time the former first lady has returned to the White House since her husband left office in January 2017. The former president previously returned in April to mark the 12th anniversary of his signature health care law — and spent more than four hours meeting with Biden and greeting White House staff.
President Biden and first lady Jill Biden will host the Obamas for the occasion.
White House press secretary Karine Jean-Pierre was expected to announce the portrait unveiling during her press briefing later Wednesday. As with previous such ceremonies, the artists and details about the artwork won’t be released until the day of the ceremony.
The White House Historical Association has arranged portraits of recent presidents and first ladies since 1965, when it negotiated acquiring a portrait of former first lady Eleanor Roosevelt. In 1978, President Jimmy Carter unveiled the official White House portraits of former President Gerald Ford and former first lady Betty Ford in an East Room ceremony.
Carter later asked not to have a ceremony, according to the association, but most other former first couples have had one in their years since leaving office. The Obamas hosted the May 2012 unveiling of the portraits of former President George W. Bush and former first lady Barbara Bush.
“I think it’s fair to say that every president is acutely aware that we are just temporary residents -- we’re renters here,” Obama said then of the White House. “We’re charged with the upkeep until our lease runs out. But we also leave a piece of ourselves in this place.”
Bush said he was honored and joked, “I am also pleased, Mr. President, that when you are wandering these halls as you wrestle with tough decisions, you will now be able to gaze at this portrait and ask, what would George do?”
The White House portraits won’t be the Obamas’ first in Washington. They attended the unveiling of their portraits at the National Portrait Gallery in 2018. Obama joked then that artist Kehinde Wiley cheerfully ignored his suggestions for that likeness to feature “less gray hair” and “smaller ears.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.nbc11news.com/2022/07/28/obama-white-house-portrait-be-unveiled-sept-7-event/ | 2022-07-28T19:52:38Z | https://www.nbc11news.com/2022/07/28/obama-white-house-portrait-be-unveiled-sept-7-event/ | true | 33 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/indianapolis-colts/articles/40211520 | 2022-07-28T19:57:27Z | https://sportspyder.com/nfl/indianapolis-colts/articles/40211520 | true | null |
Aaron Rodgers, his man bun, and his new astrology tattoo are all about the love, man.
If you haven’t been paying attention over the last couple of years, Rodgers has gone full-blown hippie.
Plenty of Packers fans, and most other folks, don’t really care about Rodgers’ off-the-field endeavors given that amid his spiritual journey he hasn’t forgotten how to throw a football. The man has won back-to-back NFL MVPs, but it’s tough not to get caught up in Rodgers’ personal life when the guy is rumored to be dating a woman who goes by ‘Blu of Earth.’
THE BEST REACTIONS TO AARON RODGERS’ CON AIR LOOK
We also can’t forget that Rodgers took part in a Panchakarma cleanse earlier this season. You don’t even have to know what a Panchakarma cleanse is to know that it’s a little (a lot) out there.
The 38-year-old is now preparing for what will be his 18th season in the NFL.
Asked what motivates him heading into yet another year of football, his answer was “love,” because of course it was.
“Love, probably,” Rodgers told reporters at Green Bay training camp.
“Just tapping into the love of this game, love of my teammates. You know, that’s what gets me up in the morning, coming in here and loving what I do. And having that gratitude for this opportunity, because at some point, the ride’s gonna be over.”
It’s not chasing what would be his second Super Bowl ring or the $150 million extension he signed this offseason that motivates the QB. Nope, all the man needs is love.
Maybe Rodgers’ love comment was actually about backup QB Jordan Love, but given the hippie vibes he’s been oozing as of late it’s safe to say he’s talking about good old-fashioned love, love. | https://www.outkick.com/aaron-rodgers-love-motivates-him/ | 2022-07-28T20:02:58Z | https://www.outkick.com/aaron-rodgers-love-motivates-him/ | true | 1 |
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Where political district lines are drawn helps determine which party wins elections and gets into power. The U.S. Supreme Court is hearing a case on gerrymandering that would give unchecked power to state lawmakers to draw political maps.
Here & Now‘s Scott Tong talks with University of California Los Angeles election law expert Rick Hasen.
This article was originally published on WBUR.org.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.ypradio.org/2022-07-28/supreme-court-hears-latest-case-on-gerrymandering | 2022-07-28T20:06:21Z | https://www.ypradio.org/2022-07-28/supreme-court-hears-latest-case-on-gerrymandering | false | null |
Right now, residents in areas of eastern Kentucky are living through one of the “worst, most devastating flooding events in Kentucky’s history,” according to Gov. Andy Beshear.
Extensive property damage and loss of life is expected by the state government officials. As of Thursday morning, 23,000 Kentuckians were without power and several counties lost access to clean water.
Appalshop, a nonprofit media organization based in Whitesburg, has compiled a list of resources for people directly impacted by the storms who are seeking shelter, supplies or help finding loved ones.
Those looking for someone who is missing in Breathitt, Knott, Letcher or Perry counties are encouraged to call Kentucky State Police Post 13 at 606-435-6069 instead of 911.
During a news conference Thursday morning, Beshear discouraged people from sending clothes to affected areas right now. Instead, he recommended donating water and cleaning supplies.
Beshear also announced the creation of the state-managed Team Kentucky Flood Relief Fund for people to make monetary donations in the wake of the storms. The initiative is similar to a fund set up after massive tornadoes tore through western Kentucky late last year.
According to the National Weather Service, heavy showers and thunderstorms could return to the region Thursday night, compounding an already devastating situation.
Here’s how you can help:
Money donations:
Team Kentucky Flood Relief Fund via Gov. Andy Beshear
Appalachian Crisis Aid Fund via Foundation for Appalachian Kentucky
Fundraiser via eKY Mutual Aid
Item Donations:
State officials say water and cleaning supplies are the top priority. It is unclear at the moment how to send those items safely to the area. We will update when more information is available.
Volunteering:
At this point in the crisis, state officials are urging people who do not live in the area and are not emergency personnel to stay away. There are many blocked and flooded roads and washed out bridges in the region.
“We have a lot of people that need help that we can’t get to at the moment,” Beshear said. | https://wfpl.org/how-to-help-flood-victims-in-eastern-kentucky/ | 2022-07-28T20:10:10Z | https://wfpl.org/how-to-help-flood-victims-in-eastern-kentucky/ | true | 3 |
New York Giants Training Camp Report: July 28, 2022
This version of the New York Giants offense is not your grandfather's offense.
Creative alignments designed to optimize player skills have been the talk of camp so far. But the most significant concept generating buzz has been all about pre-snap motion, which the Giants are using very heavily on offense to help give an offense that in the past has ranked at or near the bottom of the league an additional competitive advantage.
One advantage is that it helps the quarterback better understand what defense he might be looking at. Another is that it can create confusion and a degree of guesswork for the defensive players.
"The offense is showing a lot of diversity, and it confuses defenses," said defensive lineman Leonard Williams. "I think when you have enough weapons on offense, you allow your offense to have that type of diversity. I think it’s good for the offense."
The pre-snap motion doesn't necessarily affect Williams as much as it does the guys behind him in the defense.
"I get my checks most of the time from the linebackers and stuff like that. But I can just hear the safeties and linebackers and the second-level communication, and it’s constantly changing," Williams said.
"I can tell motions, and stuff like that are happening while my hands are in the dirt because I hear those guys communicating in the backend. It’s causing a little bit of confusion, and it’s good for us as well – as a defense – to learn our communication and the things that we have to check."
The Giants aren't using pre-snap motion on every play--head coach Brian Daboll noted that there is a time and a place for its usage and noted that the more pre-snap motion planned, the quicker the players need to get out of the huddle and get lined up.
But so far, when the Giants have run pre-snap motion, the defense has had to stop and spend an extra second or two doing some thinking about it.
"What we’re trying to do is whatever we need to do to help our guys and cause conflicts, issues with the defense," said Daboll. "Is it more to learn? Sure, because there are added calls to it. You start on one side and have to be on the other side. You got to start in the backfield and be out here. You know, there’s a little bit of thinking that goes along with it."
The use of pre-snap motion also benefits the offense because of all they have to remember for each play to achieve the desired results.
"Obviously, you’ve got to be locked in," said running back Saquon Barkley. "You’ve got to take that time outside of football, outside of meeting rooms, to learn and know yourself.
"You’re going to have your mistakes, it's early in camp, but that’s what training camp is about. It's coming in here, trying new things, seeing what we can do as an offense, and seeing what we can add to our offensive game plan when we get ready for our season."
The pre-snap motion aligns with one of the identity elements Daboll wants from the team: being smart.
"We certainly put a lot on these players. One, because I think they can handle it, and if they can’t, we’ll tighten it back and make sure we do the things they can do," he said.
"There’s going to be more stuff added that we do. And that’s all really to prepare yourself when you start playing games. That’s what practice is for."
Mike Kafka Still Calling Plays for Now
Daboll hasn't decided yet who will be calling plays for the Giants this fall. Still, it's probably safe to say that offensive coordinator Mike Kafka, who has been calling the plays since the spring, hasn't done anything to jeopardize his first opportunity to call plays at the NFL level for the first time in his assistant coaching career so far.
"Yeah, Mike has done a really good job in the spring, which he handled the scripts," Daboll said.
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Daboll was quick to point out that he hasn't divorced himself from conversing with quarterback Daniel Jones after every play, that it's a collaborative effort. While things have been running smoothly with Kafka on the headset, Daboll said that when the preseason is over, he'll sit with Kafka to discuss how the summer went and what direction they take moving forward.
"I’ve been really happy with Mike. Not just his communication with the quarterback, but how he’s handled the offensive staff, how he’s handled the players," Daboll said. "He has a really good demeanor about himself. Once we cross that bridge, which we’ve still got a little bit here to go, you guys will know."
Injury Report
There was no change in the status of the three PUP players (receiver Sterling Shepard (Achilles), center Nick Gates (leg), and tackle Matt Peart (knee) or outside linebacker Azeez Ojaluri (hamstring, non-football injury). Ojulari, I'm told, is week-to-week while he rehabs his hamstring.
In some good news, linebacker Blake Martinez, who was held out of the team part of the drills Wednesday, saw an increased amount of snaps.
Transactions
The Giants waived inside Justin Hilliard Thursday morning. Hilliard, who still needs to serve a two-game league-imposed suspension for a PED violation, initially joined the Giants last September off waivers from the 49ers but spent most of last season on injured reserve.
New York announced they signed linebacker Austin Calitro, 28, who played his college ball at Villanova. Calitro initially signed as an undrafted free agent with the Jets following the 2017 draft and has since spent time on the rosters or practice squads with the Jets, 49ers, Seahawks, Browns, Jaguars, Bengals, Broncos, and Bears.
Calitro has 94 career tackles, 1.5 sacks, and two pass breakups in his NFL career.
Practice Observations
The Giants focused on third-and medium, and third-and-long situations.
Daniel Jones and his receivers spent the early part of practice working on short comeback routes.
Receiver Darius Slayton has had a poor start to his summer. Slayton had two bad dropped balls Thursday, including one perfectly placed over his shoulder on a deep ball by Daniel Jones.
Slayton did have a red-zone touchdown reception on a pass from Jones later in practice. But for the most part, he's struggled this summer with concentration drops.
Slayton projects to be the fifth receiver in the mix, and with a $2.5 million cap hit and no experience on special teams, Slayton is not helping his chances with his showing thus far.
A receiver who is helping his chances at a roster spot is Richie James, who was previously with the 49ers but had an injury. James, who has seen some first-team reps early this camp, also saw first-team reps in the spring when guys were missing due to injuries/rehab. He is a quick, shifty receiver who runs very decisively and is elusive enough to make men miss. Standing 5-foot-9 and 185 pounds, James isn't big, but he does a nice job of ducking under a defender's reach.
Second-year outside linebacker Elerson Smith is off to a good start this summer, picking up where he left off in the spring. Smith looks like he's added some muscle to his upper body, and he's consistently shown an ability to bend around the edge and get into the backfield. Smith, who has taken snaps with the first and second-team defenses, has a quick first step and burst and has been a disruptive player in the backfield.
Kenny Golladay rebounded nicely from a bad drop of a pass that was right in his hands early in practice to finish up strong. He caught a deep ball from Daniel Jones, beating Darnay Holmes down the sideline for the score.
Receiver Wan'Dale Robinson continues to impress. Not only does he catch everything that comes his way, but he shows an ability to adjust his route when he needs to come back for the ball. He'll then quickly snatch it out of the air and just as quickly put a spin move on the defender to get away from traffic. Robinson successfully did this on a pass defended by Aaron Robinson.
Backup quarterback Tyrod Taylor throws a nice deep ball. Taylor connected with Collin Johnson for a deep pass down the sideline, with cornerback Michael Jacquet III in coverage. Johnson also had another reception against CorDale Flott when the rookie slipped when trying to make a break in coverage.
Cool post-practice moment when head coach Brian Daboll, after dismissing the players for the day, stayed behind to help hand out Gatorade bottles as the players left the field.
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- Sign up for our FREE message board forums | https://www.si.com/nfl/giants/news/new-york-giants-training-camp-report-july-28-2022 | 2022-07-28T20:10:44Z | https://www.si.com/nfl/giants/news/new-york-giants-training-camp-report-july-28-2022 | false | 1 |
Vereeniging pupil dies after being run over by bus while trying to board
The Education Department said the teenager from Meyerton High School was boarding the scholar transport when it accidentally rode over him.
JOHANNESBURG - A grade 11 pupil has died after he was run over by a school bus in Vereeniging.
The Education Department said the teenager from Meyerton High School was boarding the scholar transport when it accidentally rode over him.
The department’s spokesperson Steve Mabona said an investigation has been launched to determine the exact circumstances that led to the schoolboy’s death.
“The incident occurred in the morning where the pupils were boarding the department’s scholar transport bus to school. It is reported that the pupil was fatally trampled by the bus as he was trying to board.” | https://ewn.co.za/2022/07/28/vereeniging-pupil-dies-after-being-ran-over-by-bus-while-trying-to-board | 2022-07-28T20:12:20Z | https://ewn.co.za/2022/07/28/vereeniging-pupil-dies-after-being-ran-over-by-bus-while-trying-to-board | true | null |
21-year-old wrong way driver charged with 3 counts of murder for fatal crash
LAUREL COUNTY, Ky. (WYMT/Gray News) – A driver has been charged in a fatal wrong-way crash that killed three people in Kentucky on Monday night.
Joshua Poore, 21, of Clovis, California, is charged with three counts of murder.
Police said they believe Poore was drunk at the time and was driving the wrong way on Interstate 75. He crashed into another vehicle, killing all three people inside.
The victims were from the Chicago area, identified as Deshawn Love, Iliya Dukes and Kevin Criglear. All three were in their mid-20s and pronounced dead at the scene.
Poore suffered serious but non-life-threatening injuries. He was released from UK Medical Center in Lexington on Wednesday and taken back to Laurel County, where the crash occurred.
Police also released surveillance video from a nearby weigh station that caught Poore’s vehicle on camera driving the wrong way on I-75.
Copyright 2022 WYMT via Gray Media Group, Inc. All rights reserved. | https://www.westernmassnews.com/2022/07/28/21-year-old-wrong-way-driver-charged-with-3-counts-murder-fatal-crash/ | 2022-07-28T20:14:57Z | https://www.westernmassnews.com/2022/07/28/21-year-old-wrong-way-driver-charged-with-3-counts-murder-fatal-crash/ | true | 10 |
- Student-designed project will investigate basis of telomere lengthening in astronauts
WASHINGTON, July 28, 2022 /PRNewswire/ -- Student Pristine Onuoha has won the eighth national Genes in Space STEM competition. Onuoha, who attends East Chapel Hill High School in Chapel Hill, NC, seeks to understand the mechanism behind telomere lengthening, a chromosomal change that has been observed in space travelers. Her experiment will be performed by astronauts aboard the International Space Station (ISS) next year.
Telomeres are structures that protect DNA from damage, and shorten with age and wear. Surprisingly, telomere lengthening has been observed in space travelers, notably Astronaut Scott Kelly, the subject of NASA's Twin Study. Onuoha's experiment will explore the possibility that telomere lengthening is caused by a space-induced proliferation of stem cells—undifferentiated cells from which specialized body components arise and which typically have long telomeres.
Onuoha developed her proposal with guidance from her teacher, Kimberly Manning, and her mentor, Harvard University scientist Ana Karla Cepeda Diaz. In their company, Onuoha will travel to NASA's Kennedy Space Center to watch her experiment launch to space in 2023.
This announcement concludes the 2022 Genes in Space competition. Founded by Boeing and miniPCR bio, Genes in Space invites students in grades 7 through 12 to design biology experiments that address real-world challenges in space exploration. Previous contest winners have explored phenomena ranging from DNA repair to immune dysfunction that have achieved significant experimental milestones, including the first use of CRISPR/Cas9 gene editing in space. The competition receives additional sponsorship from the ISS National Laboratory and New England Biolabs.
Onuoha's proposal was selected from a competitive field of 602 submissions from 1,175 students across the U.S. Authors of the top five proposals were invited to present their ideas to a distinguished panel of scientists, educators, and technologists at the ISS Research & Development Conference in Washington, D.C. The judges announced their selection at the conference Thursday afternoon.
For more information about the Genes in Space contest and all other awardees, visit: www.genesinspace.org.
Media contact: Katy Martin, genesinspace@minipcr.com, +1 781-990-8727
View original content to download multimedia:
SOURCE Genes in Space | https://www.wvlt.tv/prnewswire/2022/07/28/genes-space-contest-selects-winning-student-experiment-launch-space/ | 2022-07-28T20:16:12Z | https://www.wvlt.tv/prnewswire/2022/07/28/genes-space-contest-selects-winning-student-experiment-launch-space/ | true | 12 |
California Public Employees Retirement System trimmed its holdings in General Mills, Inc. (NYSE:GIS – Get Rating) by 1.2% in the first quarter, HoldingsChannel reports. The fund owned 4,534,971 shares of the company’s stock after selling 56,549 shares during the period. California Public Employees Retirement System’s holdings in General Mills were worth $307,108,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in GIS. Marquette Asset Management LLC purchased a new position in shares of General Mills in the first quarter worth $26,000. Ellis Investment Partners LLC increased its stake in shares of General Mills by 81.7% in the fourth quarter. Ellis Investment Partners LLC now owns 447 shares of the company’s stock worth $30,000 after buying an additional 201 shares during the period. HWG Holdings LP purchased a new position in shares of General Mills in the fourth quarter worth $30,000. Riverview Trust Co increased its position in General Mills by 204.7% during the 1st quarter. Riverview Trust Co now owns 457 shares of the company’s stock valued at $31,000 after purchasing an additional 307 shares during the period. Finally, Dixon Hughes Goodman Wealth Advisors LLC increased its position in General Mills by 67.8% during the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 515 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the period. 74.63% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
GIS has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of General Mills from $66.00 to $80.00 and gave the company a “market perform” rating in a research report on Thursday, June 30th. Royal Bank of Canada boosted their price objective on shares of General Mills from $66.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, July 1st. UBS Group initiated coverage on shares of General Mills in a research report on Wednesday, March 30th. They set a “neutral” rating and a $69.00 price objective on the stock. Credit Suisse Group set a $74.00 price objective on shares of General Mills in a research report on Tuesday, July 19th. Finally, Piper Sandler upped their target price on shares of General Mills from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $72.73.
General Mills Stock Down 0.8 %
General Mills (NYSE:GIS – Get Rating) last issued its quarterly earnings results on Wednesday, June 29th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.81 billion. General Mills had a return on equity of 23.74% and a net margin of 14.25%. General Mills’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. On average, sell-side analysts expect that General Mills, Inc. will post 4 EPS for the current year.
General Mills Announces Dividend
The business also recently declared a dividend, which was paid on Thursday, July 7th. Investors of record on Friday, July 8th were given a $0.54 dividend. The ex-dividend date of this dividend was Thursday, July 7th. General Mills’s dividend payout ratio is presently 48.87%.
Insider Buying and Selling
In other news, insider Dana M. Mcnabb sold 10,993 shares of General Mills stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $76.16, for a total transaction of $837,226.88. Following the completion of the sale, the insider now directly owns 14,884 shares in the company, valued at $1,133,565.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Dana M. Mcnabb sold 10,993 shares of General Mills stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $76.16, for a total transaction of $837,226.88. Following the completion of the sale, the insider now directly owns 14,884 shares in the company, valued at $1,133,565.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mark A. Pallot sold 2,255 shares of General Mills stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $74.66, for a total value of $168,358.30. Following the sale, the chief accounting officer now owns 17,087 shares of the company’s stock, valued at $1,275,715.42. The disclosure for this sale can be found here. Insiders sold a total of 42,737 shares of company stock worth $3,217,260 over the last three months. 0.53% of the stock is owned by insiders.
General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.
Further Reading
- Get a free copy of the StockNews.com research report on General Mills (GIS)
- The MarketBeat Podcast: Portfolio Management in Market Downturns
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- Shopify Stock Rallies Despite Quarterly Loss
- Two Automation Stocks The Institutions Are Buying
- Can Owens-Corning Insulate Your Portfolio?
Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS – Get Rating).
Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.wkrb13.com/2022/07/28/california-public-employees-retirement-system-sells-56549-shares-of-general-mills-inc-nysegis.html | 2022-07-28T20:16:21Z | https://www.wkrb13.com/2022/07/28/california-public-employees-retirement-system-sells-56549-shares-of-general-mills-inc-nysegis.html | false | 11 |
(The Center Square) – Massachusetts’s fiscal year 2023 budget has been signed into law, Gov. Charlie Baker said.
The Republican governor, who is serving out the final months of his second term in office, announced the $52.7 billion fiscal document will fully fund the Student Opportunity Act. The budget, signed Thursday morning, invests in communities, families, businesses, and workers, in addition to providing record investments in early childhood education and care, housing and workforce development.
“With the commonwealth in a historically strong fiscal position, the FY23 budget supports tax relief for hundreds of thousands of taxpayers, while making record investments in education and local aid,” Baker said in the release. “Since coming into office, our administration has worked closely with the Legislature to ensure the budget is structurally sound and protected from unpredictable economic fluctuations, and I am pleased to sign another budget that maintains this commitment while making investments that help Massachusetts’ families and communities grow and thrive.”
The budget, according to the release, is balanced, doesn’t feature any one-time revenue streams, and won’t raise taxes or fees. The document does contain $315 million that will be used for permanent tax cuts that were enacted through separate legislation that is currently pending in the state Legislature.
According to the release, the budget features the upgraded $39.576 billion tax revenue forecast, which is a $2.66 billion increase, and will support $52.7 billion in gross spending. The budget features a $1.5 billion investment in the state’s Stabilization Fund, pushing the total to $8.4 billion. Since 2015, the fund has increased by $7.3 billion.
One-time transfers, according to the release, are featured in the budget, including $266 million for the Massachusetts Bay Transportation Authority for safety and workforce development, $175 million to a new trust fund focused on early education and care, and $150 million to the Student Opportunity Act. | https://www.thecentersquare.com/massachusetts/massachusetts-52-7-billion-budget-signed-by-governor/article_908b58b0-0e83-11ed-90d7-c32d2f975904.html | 2022-07-28T20:19:33Z | https://www.thecentersquare.com/massachusetts/massachusetts-52-7-billion-budget-signed-by-governor/article_908b58b0-0e83-11ed-90d7-c32d2f975904.html | true | 1 |
Police investigating homicide in Northern New York
Published: Jul. 28, 2022 at 3:32 PM EDT|Updated: 46 minutes ago
TUPPER LAKE, N.Y. (WCAX) - Police are investigating a homicide in Northern New York.
It happened in the village of Tupper Lake.
Police were called to a residence on Lakeview Avenue at about 1 p.m. Thursday, where they say they found a person dead.
Investigators say a possible suspect was taken into custody and there is no threat to public safety.
Tupper Lake Police and New York State Police are still investigating and no other details were released.
Copyright 2022 WCAX. All rights reserved. | https://www.wcax.com/2022/07/28/police-investigating-homicide-northern-new-york/ | 2022-07-28T20:20:29Z | https://www.wcax.com/2022/07/28/police-investigating-homicide-northern-new-york/ | false | null |
You need to enable JavaScript to run this app. | https://sportspyder.com/mlb/miami-marlins/articles/40211038 | 2022-07-28T20:20:52Z | https://sportspyder.com/mlb/miami-marlins/articles/40211038 | false | null |
Woman, 70, feared unfair eviction over clerical error
Deannie Brown, 70, had lived in the same apartment for eight years with her ailing husband, Vernon. Just three months after his death, the Palm Beach County Housing Authority (PBCHA) told her it was taking away her $700 a month rent subsidy. Contact 5 brought Deannie Brown and her...
www.wflx.com | https://www.newsbreak.com/news/2679996809190/woman-70-feared-unfair-eviction-over-clerical-error | 2022-07-28T20:22:26Z | https://www.newsbreak.com/news/2679996809190/woman-70-feared-unfair-eviction-over-clerical-error | false | null |
Janney Montgomery Scott LLC lowered its position in Devon Energy Co. (NYSE:DVN – Get Rating) by 9.8% in the 1st quarter, Holdings Channel reports. The fund owned 228,269 shares of the energy company’s stock after selling 24,680 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Devon Energy were worth $13,498,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Foundation Resource Management Inc. raised its holdings in Devon Energy by 2.6% in the 1st quarter. Foundation Resource Management Inc. now owns 69,158 shares of the energy company’s stock worth $4,089,000 after purchasing an additional 1,767 shares during the period. Oppenheimer & Co. Inc. raised its stake in Devon Energy by 58.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 74,961 shares of the energy company’s stock worth $3,302,000 after buying an additional 27,575 shares in the last quarter. Ellevest Inc. increased its position in shares of Devon Energy by 41.9% during the first quarter. Ellevest Inc. now owns 1,538 shares of the energy company’s stock worth $91,000 after purchasing an additional 454 shares in the last quarter. People s United Financial Inc. boosted its holdings in Devon Energy by 21.5% in the fourth quarter. People s United Financial Inc. now owns 24,952 shares of the energy company’s stock valued at $1,099,000 after purchasing an additional 4,412 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in Devon Energy in the first quarter valued at $662,000. Institutional investors own 87.01% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on DVN shares. Bank of America reduced their price target on shares of Devon Energy from $80.00 to $66.00 and set a “neutral” rating for the company in a research report on Tuesday, July 19th. StockNews.com upgraded shares of Devon Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Truist Financial raised their price target on shares of Devon Energy from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, July 19th. Morgan Stanley cut their price target on shares of Devon Energy from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Tuesday, July 19th. Finally, Stifel Nicolaus increased their price objective on shares of Devon Energy from $88.00 to $93.00 in a research report on Thursday, June 9th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.24.
Devon Energy Price Performance
Devon Energy (NYSE:DVN – Get Rating) last announced its quarterly earnings results on Monday, May 2nd. The energy company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.74 by $0.14. Devon Energy had a net margin of 25.69% and a return on equity of 36.57%. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the business earned $0.45 EPS. Equities analysts forecast that Devon Energy Co. will post 9.09 EPS for the current fiscal year.
Devon Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Monday, June 13th were paid a dividend of $1.27 per share. This is a positive change from Devon Energy’s previous quarterly dividend of $1.00. This represents a $5.08 annualized dividend and a yield of 8.53%. The ex-dividend date was Friday, June 10th. Devon Energy’s dividend payout ratio (DPR) is currently 95.31%.
Devon Energy announced that its Board of Directors has authorized a stock buyback plan on Monday, May 2nd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the energy company to buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Insider Buying and Selling
In other Devon Energy news, Director Ann G. Fox sold 2,150 shares of Devon Energy stock in a transaction on Monday, June 13th. The shares were sold at an average price of $70.27, for a total value of $151,080.50. Following the transaction, the director now directly owns 26,858 shares in the company, valued at $1,887,311.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Dennis C. Cameron sold 4,537 shares of Devon Energy stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $53.55, for a total value of $242,956.35. Following the sale, the executive vice president now owns 270,269 shares of the company’s stock, valued at $14,472,904.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann G. Fox sold 2,150 shares of Devon Energy stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $70.27, for a total transaction of $151,080.50. Following the completion of the sale, the director now directly owns 26,858 shares in the company, valued at approximately $1,887,311.66. The disclosure for this sale can be found here. Insiders have sold 35,316 shares of company stock worth $2,345,388 in the last ninety days. 0.80% of the stock is owned by corporate insiders.
Devon Energy Profile
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.
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Could Google's DeepMind help cure all diseases? Super-AI reveals 3-D 'universe' map of the 200 MILLION proteins contained in every living thing that help scientists engineer treatments for all illnesses
- Google's DeepMind can unlock the 3-D structure of 200 million proteins that are the building blocks of life, the Alphabet-owned firm announced on Thursday
- Before AlphaFold solved biology's most intractable problem in November 2020, it took scientists months or even years to understand proteins' structure
- AlphaFold's been used for understanding diseases, protecting honey bees and looking deeper into the origins of life itself, DeepMind explained
- Experts have warned about the concentration of power that such AI can make worse, but DeepMind claims it has consulted with ethicists and scientists to make its program open-sourced and to minimize potential risks
Google's DeepMind artificial intelligence has revealed the 3-D structure of 200 million proteins that are contained in every living organism - enabling scientists to instantaneously access in-depth information on the building blocks of life.
Scientists used to spend many months or years to understand the structure of proteins prior to the AI program known as AlphaFold having solved one of biology's most difficult problems in November 2020. Researchers often used tools like X-rays, but now that complex information is available as quickly as a Google search.
AlphaFold can predict the structure of almost all proteins - whether in animals, plants, humans, bacteria or other organisms - that are known to science. This ability to quickly see a protein's structure in three dimensions is valuable for scientists seeking to cure diseases and researchers looking to solve problems like plastics pollution because it gives them a completely detailed look at the proteins that underpin all biological processes.
However, as with anything involving AI, this work has risks. A Nature study from March showed that scientists' drug discovery algorithm could, with some minor tweaks, generate toxic concoctions like the VX nerve agent and other chemical warfare molecules.
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Google's DeepMind artificial intelligence can now reveal the structure of 200 million proteins that are the building blocks of life, enabling scientists to use that knowledge in a wide range of ways. Pictured above is F2OH23.2 protein, a plant protein that represents a potential new structural superfamily unlike anything seen before
Being able to understand the shape of a protein allows researchers to determine how it works in the body and, for example, how effective certain drugs might be when interacting with it. Pictured above: Vitellogenin, a protein that's involved in the immune system of egg-laying animals including honeybees
'It’s been so inspiring to see the myriad ways the research community has taken AlphaFold, using it for everything from understanding diseases, to protecting honey bees, to deciphering biological puzzles, to looking deeper into the origins of life itself,' said DeepMind Founder and CEO Demis Hassabis
DeepMind claims it has followed a 'responsible' path by consulting with more than 30 experts across biology, ethics, security and safety so that the AI's benefits could be shared in a way that minimizes potential risks.
Even so, numerous experts, including ex-Google AI ethics employee Timnit Gebru, have raised concerns about the technology's potential to reinforce a concentration of power that results in discrimination.
Up to this point, over 500,000 researchers worldwide from 190 countries have used the AlphaFold database - to view more than 2 million structures.
'It’s been so inspiring to see the myriad ways the research community has taken AlphaFold, using it for everything from understanding diseases, to protecting honey bees, to deciphering biological puzzles, to looking deeper into the origins of life itself,' said DeepMind Founder and CEO Demis Hassabis in a Thursday statement.
Up to this point, over 500,000 researchers worldwide from 190 countries have used the AlphaFold database - which includes the predicted structures for plants, animals, bacteria, fungi and other organisms - to view more than 2 million structures (like the one seen above)
The new database could help anyone from scientists working on malaria vaccines to experts trying to solve ocean plastics pollution and researchers studying honey bee immunity. Pictured above is CCR4-NOT transcription complex subunit 9, a protein that regulates an important cellular process in human beings
As with anything involving AI, this work has risks. A Nature study from March showed that scientists' drug discovery algorithm could, with some minor tweaks, generate toxic concoctions like the VX nerve agent. Pictured above: Nuclear pore complex protein Nup205, which is part of a large complex that acts as a gateway in and out of the cell nucleus
The advancement announced is a collaboration between DeepMind, a UK-based subsidiary of Alphabet, and the European Bioinformatics Institute.
'AlphaFold is the singular and momentous advance in life science that demonstrates the power of AI. Determining the 3D structure of a protein used to take many months or years, it now takes seconds,' said Eric Topol, founder and director of the Scripps Research Translational Institute, in a statement.
'AlphaFold has already accelerated and enabled massive discoveries, including cracking the structure of the nuclear pore complex,' he explained. 'And with this new addition of structures illuminating nearly the entire protein universe, we can expect more biological mysteries to be solved each day.'
Finding a new drug that can heal an illness is painstakingly difficult - especially when trying to determine how different receptors - proteins that bind to the drug - work as a family. Meaning, scientists often want to find a drug or molecule that targets one member of that family but not all of them. That's where AlphaFold's capabilities can help.
'This could accelerate drug discovery in a way that we've never seen before,' Karen Akinsanya, president of research and development at Schrodinger in New York, said.
Plastics pollution - the world produces some 400 million tons of it per year - is one perhaps surprising area where AlphaFold could play a pivotal role. Scientists at the Centre for Enzyme Innovation at the University of Portsmouth are developing a unique solution, something they call a 'fully circular plastic economy' that would use enzymes, which are proteins that speed up metabolism, to break plastic polymers. That way, they could be 100% recycled back to their initial state – or even upcycled into material that has the quality of virgin plastic - instead of polluting the oceans.
'One year after open-sourcing its AlphaFold Protein Structure Database, DeepMind and EMBL's European Bioinformatics Institute are expanding it from nearly 1M to over 200M protein structures, covering almost every organism that has had its genome sequenced, a huge milestone,' Alphabet CEO Sundar Pichai said on Twitter.
'As pioneers in the emerging field of ‘digital biology', we’re excited to see the huge potential of AI starting to be realised as one of humanity’s most useful tools for advancing scientific discovery and understanding the fundamental mechanisms of life,' Hassabis said.
Although DeepMind has prided itself on the database being open-sourced to allow scientists broad access, the company's founder admitted during the announcement to reporters that they may need to restrict access in the future.
'Future [systems], if they do carry risks, the whole community would need to consider different ways of giving access to that system—not necessarily open sourcing everything—because that could enable bad actors,' Hassabis said.
'Open-sourcing isn’t some sort of panacea,' Hassabis added. 'It’s great when you can do it. But there are often cases where the risks may be too great.'
Alphabet CEO Sundar Pichai heralded the announcement of the database's expanded capabilities in a statement posted to Twitter (seen above)
Today's announcement shows that, thanks to AlphaFold, researchers have access to a much higher number of protein structures for their work
The AI's work isn't without risks, as experts fear these types of programs could be misused. The latest update includes the predicted structures for animals, plants, bacteria, fungi and more (as seen above) | https://www.dailymail.co.uk/sciencetech/article-11058243/Google-DeepMind-AI-reveals-3D-structure-200-million-proteins-contained-living-thing.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-28T20:26:16Z | https://www.dailymail.co.uk/sciencetech/article-11058243/Google-DeepMind-AI-reveals-3D-structure-200-million-proteins-contained-living-thing.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true | 4 |
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WASHINGTON (AP) — The FBI has reached out to attorneys representing Olympic gold medalist Simone Biles and other women who were sexually assaulted by Larry Nassar to begin settlement talks in the $1 billion claim they brought against the federal government, according to three people familiar with the matter.
The FBI’s general counsel contacted the lawyers for Olympic gold medalists Biles, Aly Raisman and McKayla Maroney and dozens of other women on Wednesday. The FBI’s attorneys told the lawyers for the women that they had received the legal claims and the agency was “interested” in a resolution, including discussions about a potential settlement, the people said.
The people could not discuss details of the negotiations publicly and spoke to The Associated Press on condition of anonymity.
John Manly, a lawyer who represents more than 90 victims, declined to comment when contacted earlier Thursday by the AP. The settlement talks were first reported by the Wall Street Journal.
The victims had brought claims against the FBI for failing to stop the sports doctor when the agency first received allegations against him. FBI agents in 2015 knew that Nassar was accused of assaulting gymnasts, but they failed to act, leaving him free to continue to target young women and girls for more than a year. He pleaded guilty in 2017 and is serving decades in prison.
Indianapolis-based USA Gymnastics told local agents in 2015 that three gymnasts said they were assaulted by Nassar, a team doctor. But the FBI did not open a formal investigation or inform federal or state authorities in Michigan, according to the Justice Department’s inspector general. Los Angeles agents in 2016 began a sexual tourism investigation against Nassar and interviewed several victims but also didn’t alert Michigan authorities, the inspector general said.
Nassar wasn’t arrested until the fall of 2016 during an investigation by police at Michigan State University, where he was a doctor. The Michigan attorney general’s office ultimately handled the assault charges against Nassar, while federal prosecutors in Grand Rapids, Michigan, filed a child pornography case.
The Justice Department in May said that it would not pursue criminal charges against former agents who were accused of giving inaccurate or incomplete responses during the inspector general’s investigation. At the time, Justice officials said they were “adhering to its prior decision not to bring federal criminal charges” after a “careful re-review of evidence.”
The opening of settlement talks come as senior Justice Department officials, including Assistant Attorney General Kenneth Polite, who runs the department’s criminal division, met with members of Congress about the case on Thursday, according to two of the people. In that meeting with several senators, Polite and others presented proposals to change the law to close what officials see as gaps in the statute that had prevented a case from being brought, the people said.
Polite would not give the lawmakers underlying evidence they had requested, one of the people said.
The people could not publicly discuss details of the private meeting and spoke to the AP on condition of anonymity.
FBI Director Christopher Wray has acknowledged major mistakes and said what happened was “inexcusable.” The FBI later fired the supervisory special agent who had interviewed Maroney in 2015. The Justice Department’s inspector general had harshly criticized that agent and his former boss — the agent in charge of the Indianapolis office — for their handling of the allegations.
“I’m especially sorry that there were people at the FBI who had their own chance to stop this monster back in 2015 and failed, and that is inexcusable,” Wray said at a September 2021 congressional hearing. “It never should have happened, and we’re doing everything in our power to make sure it never happens again.” | https://www.theheraldreview.com/sports/article/FBI-open-to-settling-claims-by-gymnasts-abused-by-17336096.php | 2022-07-28T20:27:13Z | https://www.theheraldreview.com/sports/article/FBI-open-to-settling-claims-by-gymnasts-abused-by-17336096.php | true | 42 |
SAN FRANCISCO (AP) _ Eventbrite, Inc. (EB) on Thursday reported a loss of $20.1 million in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 20 cents.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The company posted revenue of $66 million in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $65.1 million.
For the current quarter ending in October, Eventbrite said it expects revenue in the range of $65 million to $68 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EB at https://www.zacks.com/ap/EB | https://www.darientimes.com/business/article/Eventbrite-Q2-Earnings-Snapshot-17336166.php | 2022-07-28T20:30:26Z | https://www.darientimes.com/business/article/Eventbrite-Q2-Earnings-Snapshot-17336166.php | false | null |
Sligo Rovers 2
Motherwell 0
(Sligo win 3-0 on aggregate)
Jessica Farry reports from The Showgrounds
SLIGO ROVERS have made history, progressing to the third round of the Europa Conference League qualifiers, beating Scottish Premier League side Motherwell 3-0 on aggregate.
Winning 1-0 from the first leg, Rovers ensured their place in the next round with an impressive 2-0 win on the night, creating history for the club.
It’s the first time they have progressed through two rounds in one campaign.
The Bit O’Red knew coming into this game that they were on the verge of creating history. Never before has a Rovers team gone through two rounds in the one European campaign, and this tie was their best chance in quite some time.
Having seen off part-time side Bala Town thanks to a penalty shoot-out at The Showgrounds two weeks ago, Rovers went into the second round against Motherwell as underdogs.
But they stunned Graham Alexander’s side at Fir Park last Thursday, bringing a 1-0 lead back to The Showgrounds.
Even still, the Steelmen were favourites heading into the second leg, particularly considering the pressure they faced in the aftermath of that shock defeat.
John Russell and his players remained confident but were still aware of the massive task at hand.
The former Rovers midfielder kept his faith in the same starting 11 that recorded that win over the ‘Well last week, while Graham Alexander made just one change with former Bohs man Ross Tierney coming into the team.
It was a dream start for the Bit O’Red, with their lead after two minutes coming from a somewhat unlikely source.
Defender Blaney stepped up to take the free-kick from 25 yards and blasted it past Liam Kelly in the ‘Well goals to send his side into dreamland.
Rovers were comfortable in the lead but had to deal with a sustained period of pressure from the Scots who were really not putting Luke McNicholas under pressure.
They did, however, have a goal chalked off for offside, but it was as close as they would come to levelling the score.
The hosts almost doubled their lead when Niall Morahan shook off a couple of players, picking out Keena who hit it first time straight into the arms of Kelly.
The Steelmen were struggling to take control of proceedings, with Rovers’ lead comfortable at the halfway point.
‘Well had to step it up in the second half, but they were playing against a Rovers side determined to hold on for a famous victory.
Rugby Analysis
Get Murray Kinsella's match analysis and Garry Doyle's updates from New Zealand exclusive to members
Become a MemberAgain, the Bit O’Red had to sustain a spell of pressure but came through it with top marks.
And while Rovers were hanging on for the victory, all the pressure was relieved in the dying moments when substitute Max Mata was released, the New Zealander coolly tucking past Kelly to send the Showgrounds into chaos.
Rovers will take on Norwegian side Stavanger away next Thursday. But for now, the fans will enjoy a special occasion.
Sligo Rovers: Luke McNicholas, Lewis Banks, Shane Blaney, Garry Buckley, Paddy Kirk; Niall Morahan (Max Mata 69), David Cawley (Nando Pijnaker 79), Adam McDonnell (Kailin Barlow 79); Will Fitzgerald (Frank Liivak 90), Karl O’Sullivan; Aidan Keena.
Motherwell: Liam Kelly; Paul McGinn, Bevis Mugabi (Sondre Johansen 69), Rickie Lamie, Jake Carroll; Callum Slattery, Blair Spittal (Connor Shields HT), Barry Maguire (Sean Goss 69); Josh Morris, Kevin Van Veen, Ross Tierney (Joseph Efford 69).
Referee: Bojan Pandzic (Sweden).
Attendance: 3,876 | https://www.the42.ie/sligo-complete-famous-win-over-motherwell-to-progress-in-europe-5828553-Jul2022/ | 2022-07-28T20:31:08Z | https://www.the42.ie/sligo-complete-famous-win-over-motherwell-to-progress-in-europe-5828553-Jul2022/ | true | 1 |
SANTA CLARA, Calif., July 28, 2022 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its second quarter of fiscal year 2023 financial results on Thursday, August 25, 2022, at 1:45 p.m. Pacific Time.
Conference Call
Interested parties may join the conference call by dialing 1-888-317-6003 or 1-412-317-6061, passcode 6112887. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/. A replay of the call can be accessed by dialing 1-877-344-7529 or 1-412-317-0088, passcode 2421301 until Thursday, September 1, 2022.
About Marvell
To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better.
Marvell and the Marvell logo are registered trademarks of Marvell and/or its affiliates.
For further information, contact:
Ashish Saran
Senior Vice President, Investor Relations
408-222-0777
ir@marvell.com
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NEW YORK, July 28, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of MINISO Group Holding Limited (NYSE: MNSO) resulting from allegations that MINISO may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased MINISO securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=7814 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
WHAT IS THIS ABOUT: On July 26, 2022, during trading hours, market analyst Blue Orca Capital published a report regarding MINISO Group Holding Limited which alleges several issues with the Company including that "MINISO Lies about its Core Business Model" because "MINISO claims that 99% of its stores in China, its key market, are operated by franchisees independent from the Company. … Through our investigation, … we found over 620 supposedly independent franchises, which, according to Chinese corporate records, are registered under the names of MINISO executives or individuals closely connected to the Company's chairman[,]" and "MINISO Admitted in Chinese Media that 40% of Stores Directly Owned." The report further alleges that "IPO Proceeds Siphoned by Chairman through Crooked Headquarters Deal." Finally, the report alleges that MINISO is a "Retailer In Decline: Shrinking Revenues, Falling Franchise Fees and Store Closures[,]" due in part to "Franchise Fees Dropped by 63%, Indicating Lagging Interest."
On this news, MINISO American Depositary Share (ADS) price fell $1.08 per ADS, or 14.98%, to close at $6.13 per ADS on July 26, 2021, on unusually heavy trading volume. On July 27, 2022, MINISO's ADSs closed at $5.66 per ADS, representing more than a 70% decline from the $20.00 IPO price.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
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The Rosen Law Firm, P.A.
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New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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SOURCE Rosen Law Firm, P.A. | https://www.wtap.com/prnewswire/2022/07/28/mnso-loss-alert-top-ranked-rosen-law-firm-encourages-miniso-group-holding-limited-investors-with-losses-inquire-about-securities-class-action-investigation-mnso/ | 2022-07-28T20:33:04Z | https://www.wtap.com/prnewswire/2022/07/28/mnso-loss-alert-top-ranked-rosen-law-firm-encourages-miniso-group-holding-limited-investors-with-losses-inquire-about-securities-class-action-investigation-mnso/ | false | 31 |
When oil revenues began to power record-breaking growth in Guyana, Lilian Chatterjee, Canada’s High Commissioner to Guyana saw an opportunity to grow the relationship between Canada and Guyana even further. At the time (2019), Chatterjee was getting near the end of her term and wanted to fulfill a goal before moving on to a new role. So, she called Winston Kassim with an idea, and the native son of Guyana now living in Canada instantly took up the challenge.
Chatterjee’s idea was to establish the Canada-Guyana Chamber of Commerce (GGCC) that could help further trade and investment between two nations for which she has great affection. However, in order to bring the idea to fruition, Chatterjee knew she had to recruit highly respected people in both countries who could lead the way and bring others onboard. That’s when Chatterjee picked up the phone and called Kassim in Toronto.
Winston Kassim was born in Albouystown, Georgetown, the sixth of seven children of the late Superintendent of Police, Subaydar Kassim and the late Noorun Nisa Kassim. When the family moved to East Canje, Berbice, he attended St. Patrick’s Anglican School. After completing his secondary education at Indian Education Trust College in Georgetown, while still a teenager, Winston Kassim began his professional career at Barclays Bank.
Kassim comes from a well-known respected family who has given back to the community and public service of Guyana. His maternal grandfather, Imam Khoda Baksh was the first Imam at the Adelphi Masjid in the early 1900s. His father retired from the Guyana Police in 1972 as a Superintendent after a distinguished career of 30 years. His eldest Brother, Sultan Feroze Kassim retired as the Deputy Commissioner of Police in 2001 after 38 years while another brother, the late Dr Sultan Farook Kassim served for over 25 years in the public hospitals of Suddie, Port Mourant, and Georgetown.
After various postings throughout the Caribbean, Winston left Barclays in 1975 and moved to Canada with his wife, Kameni Cheddie. While raising a family in Toronto and pursuing a university degree at night, Winston embarked on a career with Royal Bank of Canada (RBC) in 1976. Over the next 40 years, Kassim excelled in a number of leadership roles at RBC, including as the executive Head of Strategy and Strategic Performance Management for Retail Banking in Canada and the Caribbean.
It was in this later role that Kassim led large strategic initiatives and helped RBC set industry-leading benchmarks for performance, which resulted in the bank winning four prestigious international awards including “Best North American Retail Bank in 2012 and 2013, and “Best Retail Bank in the World” awards in 2014 and 2015. This was the first time in the 30-year history of the U.K.-based Retail Banker International Awards that any bank had won best global retail bank in consecutive years.
While at RBC, Kassim also obtained his designation as a certified board director from the Institute of Corporate Directors through the University of Toronto and has served on a variety of boards including RBC Royal Bank Barbados Limited. He was also a champion of diversity in the workplace and led a number of bank-wide initiatives to promote a more inclusive environment and culture. And when he retired from RBC in December of 2015, Kassim formed his own boutique management consulting company which specializes in providing strategic planning, performance management and communications advice to selected global companies, particularly with respect to large-scale investments. At the same time, he has continued in a wide range of charitable causes where his highly regarded financial and corporate governance capabilities have been put to effective use.
Consequently, Chatterjee knew that Kassim’s business credentials and connections would help in recruiting business leaders in Canada as Chamber members. And she also knew that Kassim’s reputation as an outstanding community leader and volunteer would serve them well in setting the right focus and framework for the nascent Chamber.
“I was drawn to volunteerism early in my career, while I was still a young man,” explains Kassim. “The full credit for that goes to my mother who instilled in me a passion for community service, and I followed her lead. She encouraged me to volunteer with Hindu, Islamic, and other faith communities, and I began by assisting in establishing a number of community and faith-based centres in the Greater Toronto area.”
That grounding in community service has stayed with Kassim throughout his life, and many worthy causes in both Canada and Guyana have benefited from it. For example, he has been involved in a wide variety of humanitarian charities including serving two terms (2010 to 2014) as Chair of the International Development and Relief Foundation, one of Canada’s top charities. Since then, IDRF has implemented a range of projects throughout Guyana in partnerships with CIOG, National Committee of Sisters Affairs (NACOSA) and the Doobay Gafoor Medical and Research Centre (DGMRC), the latter of which Kassim played a pivotal personal role in helping Dr. Budhendranauth Doobay establish in 2010.
“Mr. Kassim was among the first set of individuals who provided his own funds to help establish the centre,” recalls Dr. Doobay. “He was most instrumental in securing a vast number of individuals to donate their monies since the centre was established. I continue to rely on Winston’s financial and governance expertise to help expand the centre in Guyana.”
This life-long commitment to volunteerism and giving back to the community resulted in Mr. Kassim being made a Member of the Order of Canada (the first Guyanese born citizen of Canada to be awarded the nation’s highest civilian honour) in 2009, being selected as a Torch Bearer for the Vancouver 2010 Olympic Games, and being awarded a Queen’s Diamond Jubilee Medal for volunteerism in 2012. Currently, Kassim serves as an inaugural Governor with Toronto’s International Business University (IBU).
After accepting Chatterjee’s challenge to serve as a founding director and as the Canadian Co-chair of the Chamber alongside its Guyanese Chair Anand Beharry of the Beharry’s conglomerate Group, Kassim set about recruiting Canadian business leaders to become members, setting up a board, and recruiting a Chief Executive Officer (CEO).
With the help and support of many government, business and community leaders in both nations, the Canada-Guyana Chamber of Commerce officially launched on December 4, 2020, with some 27 founding members who provided legacy funds to cover the Chamber’s short-term operations. To commemorate the second anniversary of the Chamber, a fund-raising gala will take place in Toronto on September 24 of this year.
With offices in both Georgetown and Toronto, the Chamber continues to grow and now has more than 60 members. And while challenges and opportunities still lie ahead, Kassim is grateful the Chamber has come as far as it has, in such a brief time. But it wasn’t easy.
Kassim says the successful launch of the Chamber and its ability to thrive in turbulent times has required hard work by the current top-notch Board of Directors comprising both Canadian and Guyanese business individuals.
From the Guyana side, he paid special recognition to Mr. Anand Beharry and the CGCC’s CEO, Ms. Treina Butts. On the Canadian side, he fondly remembers the late Mr. Richard Whyte who played a pivotal role during the Chamber’s formulation stage, along with the former Deputy Minister for the Ontario Provincial Government, Mr. Fareed Amin who is the Chair of the Chamber’s Planning and Policy sub-committee.
Kassim also singled out two ex-officio members of the CGCC for praise, the new Canadian High Commissioner to Guyana Mr. Mark Berman and Mr. Jake Thomas, Senior Trade Commissioner at the Canadian High Commission, both of whom have been actively promoting Guyana’s opportunities throughout Canada. However, he reserves his greatest praise for Lilian Chatterjee.
“Lilian had the vision and stuck with it, even when COVID-19 threatened to derail all our efforts,” says Kassim. “And while Lilian has moved on to become Canada’s High Commissioner to Barbados and the Eastern Caribbean, her legacy of the Canada-Guyana Chamber of Commerce will live on for many years and bring benefits to many people in both countries.” | https://www.inewsguyana.com/the-birth-and-rapid-rise-of-the-canada-guyana-chamber/ | 2022-07-28T20:36:49Z | https://www.inewsguyana.com/the-birth-and-rapid-rise-of-the-canada-guyana-chamber/ | true | 1 |
SEATTLE (AP) _ Amazon.com Inc. (AMZN) on Thursday reported a second-quarter loss of $2.03 billion, after reporting a profit in the same period a year earlier.
The Seattle-based company said it had a loss of 20 cents per share. Earnings, adjusted for non-recurring costs, came to 10 cents per share.
The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The online retailer posted revenue of $121.23 billion in the period, surpassing Street forecasts. Fourteen analysts surveyed by Zacks expected $119.67 billion.
Amazon shares have declined 27% since the beginning of the year, while the S&P's 500 index has decreased 15%. In the final minutes of trading on Thursday, shares hit $122.28, a decrease of 33% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMZN at https://www.zacks.com/ap/AMZN | https://www.thehour.com/business/article/Amazon-Q2-Earnings-Snapshot-17336219.php | 2022-07-28T20:37:52Z | https://www.thehour.com/business/article/Amazon-Q2-Earnings-Snapshot-17336219.php | true | 11 |
Tomorrow marks the release of King Princess’ (real name Mikaela Straus) new album, Hold On Baby. It will also mark the release of a new posthumous track from late Foo Fighters drummer Taylor Hawkins, as he performs on Hold On Baby closer “Let Us Die” (not to be confused with Foo Fighters’ “Let It Die”). In a new interview with Zane Lowe (as Billboard notes), she discusses how Hawkins came to be on the song.
Straus noted she and producer Mark Ronson both thought “Let Us Die,” the album closer, was a terrific song. She said, “He was like, ‘But we really need a drummer who’s going to bring life to this. This needs to be a living and breathing person behind a drum kit and not a programmed beat, not a sample. This is the type of song that needs humanity behind all the instruments.'”
Straus continued:
“So he called [Hawkins]. He called him and he sent him the song and he’s like, ‘Do you want to play on this?’ And he was like, ‘Yeah, man! It’s a great song! Yeah!’ And I was like, ‘Are you f*ckin’ serious?’ […] We FaceTimed, so he was recording it at their studio and I was in Brooklyn and we were feeding it through the console. So pretty trippy, too, to be in my childhood home studio, listening to this guy play on my dad’s speakers. And my dad sitting there, watching… I can’t even describe it. I was so emotional. It was crazy.
But in between takes, we’d FaceTime and he was just so kind. […] He was just saying he loves playing drums. And to hear that from somebody who’s lived such a life that, at his age and playing for as long as he has in so many different bands and his own projects, for him to just love to play the f*cking drums, that to me is just what we should all strive to be: Somebody who does not lose that love of their instrument.”
She also said of Hawkins’ death, “To find out, I was just completely in shock, and then a couple weeks later I was like, ‘Guys, I think that what we need to do is reach out to his team and just let them decide whatever they want, because it’s up to them and it’s up to his legacy, but I will include that he did love this song and that’s the reason that I would want him on it is because he loved it.’ But we sent this message and it was very respectful, I think. They came back and said, ‘As long as he wanted to be on it, that sounds great.’ And they were just so kind. And I can’t even imagine getting a message like that during that time. I was just so anxious and sad and nervous to just ask of someone like that. But they felt that it was an homage. And it is an homage. It’s for Taylor.”
Watch the interview clip here.
Hold On Baby is out 7/29 via Zelig Records/Columbia. Pre-save it here. | https://uproxx.com/pop/king-princess-taylor-hawkins-drum-let-us-die/ | 2022-07-28T20:39:42Z | https://uproxx.com/pop/king-princess-taylor-hawkins-drum-let-us-die/ | false | 1 |
GUADALAJARA, Mexico, July 28, 2022 /PRNewswire/ -- Betterware de Mexico S.A.P.I. de C.V. (NASDAQ: BWMX), ("Betterware" or the "Company"), announced today its consolidated financial results for the second quarter fiscal year 2022. The figures presented in this report are expressed in nominal Mexican Pesos (Ps.) unless otherwise noted, presented and approved by the Board of Directors, prepared in accordance with IFRS, and may include minor differences due to rounding. The Company will host a conference call at 9:00 am (Eastern Time) on July 29, 2022, to discuss its results for the second quarter of 2022.
Key Highlights of Q2 2022
- Betterware is positioned to continue its history of growth in the future and maintain its hallmarks of high profitability, strong balance sheet and cash flow generation.
- JAFRA acquisition contributes to the Group's revenue growth, profitability and cashflow generation.
- Company introduces guidance inclusive of the acquisition of JAFRA, noting that due to a tougher external environment than anticipated, it expects 2022 net revenues and EBITDA for Betterware de Mexico to be lower than its previous guidance. A revised consolidated guidance for the year, including JAFRA, is released.
Luis G. Campos, Executive Chairman of the Board, stated, "The completion of the acquisition of Jafra on April 7th is instrumental to our future growth plans, as we are now a multi-channel group with unique brands in different product segments, targeting similar consumer profiles and distribution channels in Mexico and the U.S. We are excited about our growth prospects as a group and are confident on our talented team´s ability and defined action plans to capitalize on the opportunities that lie ahead, even in uncertain periods.
The first half of 2022 has presented relevant challenges, with a tougher than expected external environment and increased uncertainty, which negatively impacted our consumers and our associates and distributors. In this context, we continued to advance our key priorities. We stabilized Betterware´s associate and distributor base at approximately 880 thousand and 44 thousand respectively for the last eight weeks, while showing signs of recovery in the last two weeks and maintaining the activity levels, resulting in average weekly sales of more than double of our pre-pandemic comparable period, and we capitalized on opportunities to expand our reach with the successful completion of the JAFRA acquisition. We are confident that this stabilization period, after the extraordinary growth experienced since the pandemic began, is setting the base for future revenue and EBITDA growth in the years to come.
We maintain our focus on our long-term growth opportunities which will allow us to maximize value for all Betterware's stakeholders in the long term."
Luis G. Campos
Executive Chairman of the Board
JAFRA Acquisition
On April 7, 2022, the Company announced the successful completion of the acquisition of 100% of JAFRA's operations in Mexico and the United States, along with JAFRA´s trademark rights worldwide.
JAFRA, a leading company in the beauty and personal care products industry, is a strong and well positioned international brand with access to millions of households in Mexico and in the U.S. through its direct selling business model.
The acquisition provides a unique opportunity for us to enter an attractive and complementary new industry for Betterware, with estimated annual revenues in Mexico and the U.S. of approximately US$100 billion, with the proven experience of JAFRA´s management team.
The transaction, which is expected to be highly accretive for Betterware since its first year adding approximately Ps. 550M to EBITDA in 2022*, was funded primarily by debt, on a debt-free, cash-free basis with a purchase price of US$246M, an attractive valuation even without considering any of the identified cost synergies of between US$10M and US$15M per year.
We are confident in our ability to accelerate JAFRA´s profitable growth by leveraging our scale and infrastructure, by replicating Betterware´s three strategic pillars into JAFRA´s day to day operations.
Consolidated Group
The incorporation of JAFRA allows us to create a multi-channel group with unique brands in different product segments, targeting similar consumer profiles and distribution channels in Mexico and the U.S.
JAFRA and Betterware share the key features that will allow us for continued success going forward:
- Asset-light business models with low CAPEX requirements
- High profitability and high free cash flow generation
- Flexibility to promptly adapt to different market conditions and consumption trends.
Our action plans for each company, described below, have been defined to regain growth and successfully expand our business towards additional international markets, such as the United States in the case of Betterware, and Colombia and Peru in future years in the case of the consolidated group.
All of this will be possible thanks to JAFRA´s and Betterware´s outstanding and experienced management teams, which will remain focused on their respective business, operating as independent companies, supported by the new corporate structure announced in February 2022, which will be overseeing both companies.
Q2 2022 Operating Metrics and Consolidated Results
- Net Revenues
Net revenues for Q2 2022 increased 25% to Ps. 3,242.9M from Ps. 2,594.5M in Q2 2021, mainly explained the inclusion of JAFRA´s net revenues since the acquisition was completed on April 7th, 2022.
Betterware's net revenues reflect the following three factors:
- Back to normal consumption: Shifts in consumption of product categories
- Back to normal activities: Effects of spring vacation, Labor Day, Mother´s Day and Teacher´s Day, which have always temporarily affected sales
- Inflation: impact in the consumers´ disposable income
These three factors resulted in higher-than-average weekly churn rates in our associates and distributors base in Betterware. For the period, on average we had 44.4 thousand distributors, 32% lower than in Q2 2021, and 908.0 thousand associates, 25% lower than in Q2 2021.
These factors also impacted performance in JAFRA, where on average we had 22.4 thousand leaders, 7% lower than in Q2 2021, and 409.7 thousand consultants, 10% lower than in Q2 2021.
- Gross Margin
Gross margin expanded 1,230 bps to 69.1% in Q2 2022 from 56.8% in Q2 2021, mainly due to the incorporation of JAFRA´s operations to our business, reflecting its higher gross margin profile.
Betterware´s Gross margin expanded 41 bps to 57.2% in Q2 2022 from 56.8% in Q2 2021, due to the increase in our product prices of 12% previously announced, efficient cost management and the stabilization of supply chains, which allowed us to offset cost pressures and discounted sales to reduce inventory levels for the quarter.
- EBITDA
For the second quarter of 2022, consolidated EBITDA decreased 20% Year-on-Year to Ps. 595.3M, compared to Ps. 746.0M in Q2 2021, of which Betterware represented Ps. 383.3M of consolidated EBITDA and JAFRA, in turn, Ps. 212.1M.
For Betterware, EBITDA decreased due to the lower revenue and operating leverage relative to the prior year period, as SG&A expenses represented 34.9% of net revenues for Q2 2022, compared to 28.8% of Q2 2021.
Consolidated EBITDA margin contracted 1,039 bps to 18.4% in Q2 2022 compared to 28.8% in Q2 2021, reflecting the incorporation of Jafra into the results, which historically has had a lower EBITDA margin than Betterware, which opens the opportunity for us to improve JAFRA´s cost structure and increase margins in the future.
During the quarter, we cut fixed costs in Betterware to adjust to the new level of revenues going forward which led us to incur in one-time expenses of approximately Ps. 15M related to the restructuring of our workforce, which should positively reflect on EBITDA margins in the future.
- Net Income
For the second quarter of 2022, consolidated Net Income decreased 45% Year-on-Year to Ps. 252.0M, compared to Ps. 460.9M in 1H 2021, which only considers JAFRA results since the acquisition was completed on April 7th, 2022.
Adjusted consolidated Net Income, which excludes non-cash income of Ps. 28.3M related to the unrealized gain in mark-to-market valuation of financial derivative instruments, which do not affect the Company´s cash flows or operating income, decreased 48%. Adjusted Earnings per Share were Ps. 5.99.
1H 2022 Operating Metrics and Consolidated Results
- Net Revenues
Net revenues for 1H 2022 decreased 7% to Ps. 5,112.1M from Ps. 5,496.1M in 1H 2021, which only considers JAFRA´s results since the acquisition was completed.
The lower level of consolidated net revenue resulted mainly from the effects of the return to normality and high inflation rates previously described in the Q2 2022 Results section, deriving in a lower average distributor and associates' base in Betterware and lower level of consultants and leaders in JAFRA.
- Gross Margin
Consolidated gross margin expanded 991 bps to 67.1% in 1H 2022 from 57.1% in Q1 2021, mostly explained by the inclusion of JAFRA´s operations to the business during the second quarter, reflecting its higher gross margin profile.
Betterware´s gross margin expanded 348 bps, mainly driven by the product price increase of 12% announced at the beginning of the year, efficient cost management and planning for freight expenses.
- EBITDA
For the first half of 2022, consolidated EBITDA decreased 32% Year-on-Year to Ps. 1,143.1M, compared to Ps. 1,669.6M in 1H 2021, which only considers JAFRA´s results since the acquisition was completed. Betterware represented approximately 81% of consolidated EBITDA for the period.
Consolidated EBITDA margin contracted 802 bps to 22.4% in 1H 2022 compared to 30.4% in 1H 2021, reflecting JAFRAs inclusion to the results.
For Betterware, EBITDA margin contracted 356 bps to 26.8% in 1H 2022 compared to 30.4% in 1H 2021, reflecting the extremely tough comparison base, a lower operating leverage in line with the current level of sales, and higher operating expenses due to surging inflation.
- Net Income
For the first half of 2022, consolidated Net Income decreased 53% Year-on-Year to Ps. 519.3M, compared to Ps. 1,099.4M in 1H 2021, which only considers JAFRA´s results since the acquisition was completed.
Adjusted consolidated Net Income, which excludes non-cash expense of Ps. 71.1M related to the unrealized loss in mark-to-market valuation of financial derivative instruments, which do not affect the Company´s cash flows or operating income, decreased 37%, explained by a lower EBITDA and higher interest expense due to the acquisition of JAFRA. Adjusted Earnings per Share were Ps. 15.82.
Strong Balance Sheet
As of the end of Q2 2022, the Company's financial position remains strong, reflecting the main attributes of our differentiated business model, namely high cash flow generation and asset light business model.
The mainly debt funded acquisition of JAFRA, which resulted in a cash outflow of Ps. 574M from our balance sheet, increased our leverage ratio to 2.2x Net Debt to EBITDA in Q2 2022, considering Betterware´s last twelve months EBITDA and JAFRA´s 1H 2022 Annualized Adjusted EBITDA. While our position remains strong and conservative, we are confident that Betterware´s and JAFRA´s high cash flow generation nature will allow us to gradually deleverage going forward.
As of Q2 2022, our Balance Sheet includes approximately Ps. 482M in additional inventory proactively acquired at the beginning of the year in response to supply chain disruptions and to a lesser extent the ending inventory also reflects lower-than-expected sales. As we expect the global supply chain situation to normalize, our inventory levels are expected to be gradually reduced during Q3 2022 and going forward, which will improve our cash conversion cycle, without impacting our gross margins.
Outlined Action Plan
- Betterware
From the start of the second half of 2021 to date, Betterware and the home solutions market experienced a downturn due to the return to normality, following the extraordinary growth during the COVID period, namely from Q1 2020 to Q1 2021, which resulted in a 211% growth in our average weekly gross revenues and a 183% growth in our average associate and distributor base.
The effects of the return to normality have been amplified by a softer-than-expected economic environment and a weaker consumer spending, which has been impacted by the highest inflation rate in Mexico since 2001, which has decreased spending on discretionary products. In fact, according to the market study we entrusted to one of the most prestigious companies in its field in Mexico, the market size for household products temporarily expanded from approximately Ps. 82 billion in 2019 to approximately Ps. 134 billion in 2020, and in 2021 it normalized back to its pre-pandemic level. In turn, we managed to expand our average weekly gross revenues from Ps. 119M in Q2 2019 to Ps. 240M weekly gross revenues in 2Q 2022, representing a 26% CAGR. This resulted in an increase in market share to 7.7% in 2021, up from 5.0% in 2020, due to our successful business model.
During this uncertain and unusual period, we have remained focused on maintaining profitability while taking internal action to stabilize and improve our business trend. During the first quarter of 2022 we recovered our profitability levels thanks to the flexibility and resiliency of our business model, while during the second quarter, we stabilized our network of associates and distributors, maintaining our base at approximately 880 thousand and 44 thousand respectively, for the last eight weeks of the quarter and showing signs of recovery in the last two. While the churn rates for associates and distributors for the quarter remained at higher than usual weekly rates, at 3.6% and 2.1% respectively, we have seen this trending back to normal levels during the last eight weeks of the period, which has us optimistic that our network will start to experience growth prior to year-end and continuing going forward. It is important to mention that we have experienced an associate growth month-to-date in July 2022, being the first month since February 2021 that we grow our salesforce.
In this market downturn, both associates and distributors have remained active, with weekly rates of 28.2% and 78.3% respectively for the quarter, resulting in average weekly sales today more than double of our pre-pandemic comparable period (Q2 2019), expanding our market share to 7.7% and our household penetration to 29%, attaining a stronger brand positioning and market dominance. This proves the resiliency of our business model, where we´ve been able to retain Associates and Distributors, despite a normalization in demand.
The home solutions market pre-pandemic secular trends remain valid and stronger than ever. To seize the opportunity that these trends bring and return to growth, we are deploying several initiatives based on our three strategic pillars:
- Grow the core: reinforce our position in core categories (e.g. Home Organization, Space Optimization, and Cooking, and Commuting Solutions, which lost share in our sales during the downturn and are ready to regain relevance).
- Expand our portfolio into promising Concepts, such as: Bedding, Home Entertainment, Kids, Pets, Tabletop, and Drinkware. Additionally, we are developing an innovative "cleaning products" line, which could disrupt the market, and increase the frequency of purchase from our customers. More to come soon.
- Upgrading our e-commerce website, which should increase our penetration, attracting customers we don´t reach with our traditional model. It is important to stand out that (1) we will keep a model in which our Associates and Distributors are benefited from these customers, and (2) since our launch in December 2020, we´ve learned many details that we are adapting to make this platform successful in the medium term.
- The recent rollout of our new Betterware Plus app should yield more retention and activity, as our Associates and Distributors enjoy the new and improved benefits of this new platform.
- Undergoing a process of evaluation of data analysis capabilities at JAFRA and Betterware, to replicate best practices in both companies.
As mentioned before, we have two main avenues for organic growth: expanding household penetration and increasing share of wallet.
Our household penetration in Mexico expanded from 24% in 2020 to 29% in 2021, according to the latest market study concluded in March 2022. Relevant opportunities to further expand our household penetration and reach our target 40% include:
- Refocused rewards program to incentivize associate and distributor growth and reactivation.
- Hybrid model between personal contact and technology. Relaunched person-to-person companion program, which allows distributors to support their associates in developing their business leveraging on technological tools.
- Revamping of the physical and digital catalogues. Enabled first dual strategy through QR codes on the physical catalogue, strengthening our digital catalogue design.
- Social selling and social influencing. Currently working on this front, the progress will be shared in the coming quarters.
As for increasing our share of wallet, the results of the market study referred above, clearly identify the existing market size opportunity in various categories and concepts we participate in. With this new knowledge, we are ready to ride the curve back to growth as the Home and Life Solutions market stabilizes:
- Innovation. Continue increasing market penetration in core categories as we mentioned above.
- Expand to new categories, as we also mentioned above in the Product Innovation pillar.
- Pricing Strategy. Revised pricing strategy will focus on delivering great value packages to fuel consumer´s desire to buy as disposable income remains pressured. Furthermore, we are adjusting prices to reflect the recent decline in container costs, which will further incentive consumers to purchase our products.
In terms of our international expansion plans to support our long-term growth:
- We started our initial assessment and are in the process of finding the right team to lead the expansion of Betterware to the United States with the aim of starting operations in Q4 2023.
- For the longer term, we target further international expansion to South America, namely Colombia and Peru, between 2025 and 2026.
- JAFRA
Having completed the acquisition of JAFRA in 2022, we are focused on reaccelerating its growth to high single-digit or low double-digit in the near term beginning in 2023, as well as improving its profitability and cash flow generation. We are confident we can achieve our objectives by replicating Betterware´s three strategic pillars into JAFRA´s day to day operations, and we have been intensively working to set up the conditions to achieve our growth and profitability objectives:
- Product Innovation: implementing our best practices to achieve a successful and enhanced innovation pipeline in JAFRA´s product line.
- Technology: focusing our digital efforts through a comprehensive strategy to provide a better experience for consumers.
- Business Intelligence: replicating Betterware´s big data capabilities to improve JAFRA´s understanding of the market and accelerate its market penetration.
- Finance: As for efficiencies and synergies, for 2023 are expected to be in the range of Ps. 200M and Ps. 300M million. These include:
For the rest of 2022 and going forward, we will continue the integration process and the evaluation of efficiency and growth opportunities.
Growth Expectations for 2022
Given our consolidated results for the first half of the year, we expect our consolidated net revenues to be in the range of Ps. 12,800M and Ps. 14,200M, and our consolidated EBITDA to be in the range of Ps. 2,400 and Ps. 2,700M, which include JAFRA's full year 2022 results. Our full year expectations per company, including JAFRA´s full year results, are as follows:
In the longer term, we are fully confident of our growth opportunities in the years to come.
For Betterware, we remain confident we will reach our target of 40% household penetration in Mexico, as well as expand our geographic reach, starting with expansion to the United States, which we have already started the initial evaluation process, and expect to start operations by Q4 2023.
And for JAFRA, we are confident that based on our three strategic pillars of product innovation, technology and business intelligence, and executing on the efficiency strategies we have already identified, we will reignite its revenue growth while improving its EBITDA margins in the short and long term.
Dividend
The prevailing macroeconomic outlook is characterized by low growth, high inflation and increasing interest rates for the coming months and, furthermore, supply chain disruptions remain at present and can potentially prevail in the future. In this context, we remain focused on Jafra's efficient integration and consolidation in the short-term.
Based on the above and considering the revenue decline year-to-date, our Board of Directors has proposed to adjust the dividend payment to Ps. 200M for the quarter, a sustainable level even in this uncertain environment, prioritizing company's financial strength after the temporary cash reduction in our balance sheet due to the initial cash investment of Ps. 574M related to the acquisition of Jafra, as well as other investments aimed at unleashing JAFRA's full potential and enhancing its value through investments in venues like Business Intelligence and further IT capabilities, coupled with severance payments due to workforce restructuring, a temporary increase in inventories aimed at preserving an adequate service level to our customers, and anticipating higher interest payments due to rising interest rates.
The dividend is subject to approval at the Ordinary General Shareholders' Meeting of August 19th, 2022.
In the longer term, we remain fully confident in our ability to generate strong cash flows and continue to return value to our shareholders through constant and growing dividend payments as our businesses continue to grow. As the situation stabilizes and our strategies begin to show results in JAFRA, the board will analyze the long-term sustainable dividend policy.
Share Repurchase Program
During the second quarter, we paused the execution of our share repurchase program due to the completion of the JAFRA acquisition. We will continue to conservatively analyze the appropriate execution of the repurchase program, as we remain focused on maximizing long-term shareholder´s value while maintaining a strong balance sheet.
Use of Non-IFRS Financial Measures
This announcement includes certain references to EBITDA, EBITDA Margin, Net Debt:
EBITDA: defined as profit for the year adding back the depreciation of property, plant and equipment and right of use assets, amortization of intangible assets, financing cost, net and total income taxes
EBITDA Margin: is calculated by dividing EBITDA by net revenues
EBITDA and EBITDA Margin are not measures recognized under IFRS and should not be considered as an alternative to, or more meaningful than, consolidated net income for the year as determined in accordance with IFRS or as indicators of our operating performance from continuing operations. Accordingly, readers are cautioned not to place undue reliance on this information and should note that these measures as calculated by the Company, may differ materially from similarly titled measures reported by other companies.
Betterware believes that these non-IFRS financial measures are useful to investors because (i) Betterware uses these measures to analyze its financial results internally and believes they represent a measure of operating profitability and (ii) these measures will serve investors to understand and evaluate Betterware's EBITDA and provide more tools for their analysis as it makes Betterware's results comparable to industry peers that also prepare these measures.
About Betterware de México, S.A.P.I. de C.V.
Founded in 1995, Betterware de Mexico is the leading direct-to-consumer company in Mexico focused on creating innovative products that solve specific needs regarding organization, practicality, space saving and hygiene within the household. Betterware's wide product portfolio includes home organization, kitchen, commuting, laundry and cleaning, as well as other categories that include products and solutions for every corner of the household.
The Company has a differentiated two-tier network of distributors and associates that sell their products through twelve catalogues per year. All products are designed by the Company and under the Betterware brand name through its different sources of product innovation. The Company's state-of-the-art infrastructure allows it to safely and timely deliver its products to every part of the country, backed by the strategic location of its national distribution center. Today, the Company distributes its products in Mexico and Guatemala, and has plans of additional international expansion.
Supported by its asset light business model and its three strategic pillars of Product Innovation, Business Intelligence and Technology, Betterware has been able to achieve sustainable double-digit growth rates by successfully expanding its household penetration and share of wallet.
Forward-Looking Statements
This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will", "estimate", "continue", "anticipate", "intend", "expect", "should", "would", "plan", "predict", "potential", "seem", "seek," "future," "outlook", and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The reader should understand that the results obtained may differ from the projections contained in this document and that many factors could cause our actual activities or results to differ materially from the activities and results anticipated in forward looking statements. For this reason, the Company assumes no responsibility for any indirect factors or elements beyond its control that might occur inside Mexico or abroad and which might affect the outcome of these projections and encourages you to review the 'Cautionary Statement' and the 'Risk Factor' sections of our annual report on Form 20-F for the year ended December 31, 2020 and any of the Company's other applicable filings with the Securities and Exchange Commission for additional information concerning factors that could cause those differences
The Company undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date hereof. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Further information on risks and uncertainties that may affect the Company's operations and financial performance, and the forward statements contained herein, is available in the Company's filings with the SEC. All forward-looking statements are qualified in their entirety by this cautionary statement.
Q2 2022 Conference Call
Management will hold a conference call with investors on July 29, 2022 at 8:00 am Central Standard Time (CST)/ 9:00am Eastern Time (EST). For anyone who wishes to join live, the dial-in information is:
Toll Free: 1-877-451-6152
Toll/International: 1-201-389-0879
Conference ID: 13731394
If you wish to listen to the replay of the conference call, please see instructions below:
Toll Free: 1-844-512-2921
Toll/International: 1-412-317-6671
Replay Pin Number: 13731394
* JAFRA´s 2022 estimated EBITDA after the closing of the acquisition, which excludes adjusted EBITDA of Ps. 158.4M pertaining to January 1st to April 6th,2022.
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The flashy Brooklyn pastor who was robbed of more than $1 million in jewelry during a live-streamed church service was accused of stealing $90,000 from a congregant in a lawsuit filed last year.
Bishop Lamor Whitehead — who is known for flaunting his Gucci suits, diamond-encrusted chains and stable of luxury vehicles — allegedly has a history of grifting and even served time in prison for identity theft and grand larceny.
Pauline Anderson, 56, accused the Rolls-Royce driving clergyman of convincing her to liquidate her life savings and pay him a $90,000 “investment” with the promise that he would buy and renovate a home for her, according to her Brooklyn Supreme Court lawsuit.
But instead of helping her find a home, Whitehead, 44, allegedly used the funds as down payment on the contract to purchase a $4.4 million home for himself in Saddle River, New Jersey, says the suit, first reported by The City on Thursday.
Anderson said she was told she couldn’t get a mortgage because of her bad credit, which is when Whitehead stepped in with his offer to help, the lawsuit alleges.
He later allegedly told her that he was investing the cash in his company, and had no obligation to pay it back, according to the suit.
“Ms. Anderson was instead left with nothing but a vague promise by Mr. Whitehead to pay the funds back in the future followed by an assertion that he had no further obligation to do so,” the filing charges.
Anderson is seeking $1 million in damages for Whitehead’s “morally reprehensible acts,” and for “losing her entire life savings” the filing claims.
The case, which was filed in Brooklyn Supreme Court, is still pending.
Whitehead has not filed any papers in the case nor has any lawyer appeared on his behalf, court records show.
The flamboyant pastor has had ties to Mayor Eric Adams since at least 2013 and last made headlines in May when he tried to negotiate the surrender of an accused subway shooter and claimed to have spoken with Hizzoner while the suspect was on the loose.
On Sunday, Whitehead was accosted during services at the Leaders of Tomorrow International Ministries in Canarsie by three gun-wielding men who made off with a treasure trove of items, including a $75,000 Rolex watch.
He later defended his lifestyle, saying that his public displays of wealth didn’t lead to the gunpoint robbery, as critics suggested his “blinged-out’’ look could have made him an outsize target.
Whitehead did not immediately return a message left at the congregation Thursday.
Anderson’s lawyers declined to comment since the lawsuit is still pending. | https://nypost.com/2022/07/28/bk-bishop-who-was-robbed-stole-congregants-retirement-savings-suit/ | 2022-07-28T20:41:25Z | https://nypost.com/2022/07/28/bk-bishop-who-was-robbed-stole-congregants-retirement-savings-suit/ | false | 2 |
Stocks are closing higher on Wall Street Thursday as investors weighed fresh data showing that the U.S. economy shrank for a second consecutive quarter in the Spring. The data heightened fears that the U.S. economy is already in or heading for a recession, but also stoked optimism that the Fed could temper its aggressive rate rises. The S&P 500, the Dow Jones Industrial Average and the technology-heavy Nasdaq Composite each remain on track to end the week higher. Meta Platforms shares sank after the social media giant said that for the first time ever, its revenue fell last quarter.
(asterisk)(asterisk)(asterisk) THIS IS A BREAKING NEWS UPDATE. AP's earlier story appears below. (asterisk)(asterisk)(asterisk)(asterisk)
Stocks are extending their gains on Wall Street in afternoon trading Thursday after shaking off an early slide following a report that signaled the U.S. economy is either already in a recession or well on its way.
The S&P 500 was up 1.1% as of 2:26 p.m. Eastern. The Dow Jones Industrial Average was up 1.1% and the Nasdaq was 0.8% higher. Smaller company stocks also rose, lifting the Russell 2000 by 0.9%.
The indexes fell in the early going after the Commerce Department reported that the economy shrank from April through June, contracting at a 0.9% annual pace. The latest decline in the gross domestic product — the broadest gauge of the economy — followed a 1.6% annual drop from January through March. Consecutive quarters of falling GDP are an informal, though not definitive, indicator of a recession.
The GDP report for last quarter pointed to weakness across the economy. Consumer spending slowed as Americans bought fewer goods. Business investment fell. Inventories tumbled as businesses slowed their restocking of shelves, shedding 2 percentage points from GDP.
The Federal Reserve has made slowing U.S. economic growth in order to tame the highest inflation in 40 years its goal by raising interest rates, most recently on Wednesday. The latest GDP report, along with other recent weak data, could be giving some investors confidence that the central bank will not have to be as aggressive about hiking rates in the months to come.
“Sometimes bad news is good news,” said Megan Horneman, chief investment officer at Verdence Capital Advisors.
The Fed raised its key short-term interest rate by 0.75 percentage points on Wednesday, bringing it to the highest level since 2018. The move sparked a broad market rally led by technology stocks that helped give the Nasdaq its biggest gain in over two years. The major indexes are now all on pace for a weekly gain, extending Wall Street’s strong July rally.
Technology stocks and retailers, restaurant chains and other companies that rely on direct consumer spending helped lift the S&P 500 Thursday. Microsoft rose 2.8%, Target gained 3.2% and McDonald's was 1.4% higher.
Communication services stocks were the only laggards. Meta Platforms fell 7% after the social media giant said its revenue fell last quarter for the first time ever, dragged down by a drop in ad spending.
In a busy week of corporate earnings reports investors have focused on what companies are saying about inflation and the impact rising interest rates are having on their business and customers.
Markets were spooked Monday after retail giant Walmart warned that its profits are being hurt by rising prices for food and gas, which are forcing shoppers to cut back on more profitable discretionary items such as clothing.
Stanley Black & Decker slumped 14.4% Thursday after the tool maker's second-quarter results fell short of Wall Street's estimates. The company noted that demand significantly slowed in May and June.
Oshkosh fell 6.3% after the company reported weaker-than-expected quarterly results and lowered its 2022 profit guidance, citing lingering supply chain disruptions and inflation.
Meanwhile, Spirit Airlines shares rose 4.1% after JetBlue said it agreed to buy the budget airline for $3.8 billion to create the nation's fifth largest airline. The agreement, which still requires regulator and shareholder approval, comes a day after Spirit's attempt to merge with Frontier Airlines fell apart.
Bond yields were broadly lower. The two-year Treasury yield, which tends to move with expectations for the Fed, fell to 2.88% from 2.98% late Wednesday. The 10-year yield, which influences mortgage rates, fell to 2.69% from 2.74%.
Credit: Seth Wenig
Credit: Seth Wenig
Credit: Seth Wenig
Credit: Seth Wenig | https://www.journal-news.com/nation-world/wall-street-extends-gains-after-shaky-start-on-gdp-report/BXCMLTJQAFHNRH7DJMM5JYCNQI/ | 2022-07-28T20:41:47Z | https://www.journal-news.com/nation-world/wall-street-extends-gains-after-shaky-start-on-gdp-report/BXCMLTJQAFHNRH7DJMM5JYCNQI/ | true | 32 |
BELMONT — Belmont is holding its annual road race on Saturday, August 13, as part of Old Home Day activities. It's been said that the Belmont 10 Mile Road Race is the oldest 10 Mile in NH. Now that’s an experience to add to your bucket list.
If you are planning a trip to the Lakes Region in early August, this event may be perfect to participate in with friends and family. Past participants have raved about the race course, with its meandering back roads and a challenging hill waiting to greet you near the finish. The race starts at 8:30 a.m. sharp, so arrive at Belmont Middle School prior to 8:00 a.m. for same day registration. | https://www.laconiadailysun.com/community/announcements/belmont-10-mile-road-race-set-for-aug-13/article_594103a2-0db9-11ed-9b94-fb8bee401540.html | 2022-07-28T20:41:54Z | https://www.laconiadailysun.com/community/announcements/belmont-10-mile-road-race-set-for-aug-13/article_594103a2-0db9-11ed-9b94-fb8bee401540.html | true | null |
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WASHINGTON (AP) — The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely China.
The House approved the bill by a solid margin of 243-187, sending the measure to President Joe Biden to be signed into law and providing the White House with a major domestic policy victory. Twenty-four Republicans voted for the legislation.
“Today, the House passed a bill that will make cars cheaper, appliances cheaper, and computers cheaper," Biden said. “It will lower the costs of every day goods. And it will create high-paying manufacturing jobs across the country and strengthen U.S. leadership in the industries of the future at the same time."
As the vote was taking place, Biden was discussing the economy with CEOs at the White House. During the event, he was handed a note informing him it was clear the bill would pass — a development that produced a round of applause before the tally was final.
Republicans argued the government should not spend billions to subsidize the semiconductor industry and GOP leadership in the House recommended a vote against the bill, telling members the plan would provide enormous subsidies and tax credits "to a specific industry that does not need additional government handouts.”
Rep. Guy Reschenthaler, R-Pa., said the way to help the industry would be through tax cuts and easing federal regulations, “not by picking winners and losers” with subsidies — an approach that Rep. Joseph Morelle, D-N.Y., said was too narrow.
“This affects every industry in the United States," Morelle said. “Take, for example, General Motors announcing they have 95,000 automobiles awaiting chips. So, you want to increase the supply of goods to people and help bring down inflation? This is about increasing the supply of goods all over the United States in every single industry.”
Some Republicans viewed passing the legislation as important for national security. Rep. Mike McCaul, the top Republican on the House Foreign Affairs Committee, said it was critical to protect semiconductor capacity in the U.S., which he said was too reliant on Taiwan for the most advanced chips. That could prove to be a major vulnerability should China try to take over the self-governing island that Beijing views as a breakaway province
“I've got a unique insight in this. I get the classified briefing. Not all these members do," McCaul said. “This is vitally important for our national security."
The bill provides more than $52 billion in grants and other incentives for the semiconductor industry as well as a 25% tax credit for those companies that invest in chip plants in the U.S. It calls for increased spending on various research programs that would total about $200 billion over 10 years, according to the Congressional Budget Office.
A late development in the Senate — progress announced by Wednesday night by Democrats on a $739 billion health and climate change package — threatened to make it harder for supporters to get the semiconductor bill over the finish line, based on concerns about government spending.
Rep. Frank Lucas, R-Okla., said he was “disgusted" by the turn of events on Capitol Hill.
Despite bipartisan support for the research initiatives, “regrettably, and it's more regrettably than you can possibly imagine, I will not be casting my vote for the Chips and Science Act today."
Leading into the vote, it was unclear whether any House Democrats would join with Sen. Bernie Sanders, I-Vt., in opposing the bill; in the end, none did.
Commerce Secretary Gina Raimondo talked to several of the most progressive members in a meeting before the vote, emphasizing that the proposal was a critical part of the president's agenda and that Democrats needed to step up for him at this important moment.
___
Associated Press writer Zeke Miller contributed to this report. | https://www.thehour.com/news/article/Congress-OKs-bill-to-aid-computer-chip-firms-17335898.php | 2022-07-28T20:42:38Z | https://www.thehour.com/news/article/Congress-OKs-bill-to-aid-computer-chip-firms-17335898.php | true | 26 |
- Updated Hungarian Translation
- Upgrade to the Trade window to allow scrolling in the buy and sell portion.
The trade window rebuild took longer than expected, but it can now handle infinite items for buy and sell without anything going off screen. :)
Start typing to see game suggestions. This only suggests apps that have a store page.
The trade window rebuild took longer than expected, but it can now handle infinite items for buy and sell without anything going off screen. :)
Some depots below may not display changed files because our bot does not the specific depot or game.
Game can be donated with a key, by sending a gift, or using curator system. | https://steamdb.info/patchnotes/9203960/ | 2022-07-28T20:43:09Z | https://steamdb.info/patchnotes/9203960/ | true | null |
AUSTIN, Texas, July 28, 2022 /PRNewswire/ -- Vyopta, the leader in digital collaboration and experience optimization, today announced the U.S. Department of Labor as the latest government agency to adopt Vyopta's technology.
Vyopta supports a wide range of U.S. government departments, agencies and bureaus. This includes the Center for Medicare & Medicaid Services, Department of Veterans Affairs, Department of Defense, Federal Reserve Bank, General Services Administration (GSA), Social Security Administration, U.S. Census Bureau, U.S. Courts, U.S. Senate, and more.
With over 16,000 employees, the mission of the U.S. Department of Labor is to foster, promote, and develop the welfare of the wage earners, job seekers, and retirees of the United States; improve working conditions; advance opportunities for profitable employment; and assure work-related benefits and rights.
In October 2021, Vyopta achieved certification under the U.S. Federal Risk and Authorization Management Program (FedRAMP) in collaboration with the GSA and is the only digital user experience management for multi-vendor UC/collaboration technologies available in the FedRAMP Marketplace.
"It's an honor to provide the U.S. Department of Labor with a holistic view of their collaboration estate," said Alfredo Ramirez, CEO of Vyopta. "With many government employees working remotely as well as in different geographies, assuring best-in-class user experience by managing and optimizing collaboration technology performance is essential to workforce engagement, well-being and productivity."
Related:
- U.S. Government Designates $100 Million to Improve User Experience
- Vyopta Becomes First Digital Employee Experience Management Solution in FedRAMP Marketplace
Vyopta, a leader in digital user experience management for collaboration, has helped 40 million people collaborate better. Its Technology Insights and Space Insights applications have helped identify and address over 9 million issues. Vyopta helps organizations deliver the best UC user experience and optimize their UC and real estate investments. Hundreds of organizations worldwide spanning 20+ industries use Vyopta.
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SOURCE Vyopta Inc | https://www.wowt.com/prnewswire/2022/07/28/us-department-labor-selects-vyopta-manage-optimize-digital-collaboration-experiences/ | 2022-07-28T20:46:08Z | https://www.wowt.com/prnewswire/2022/07/28/us-department-labor-selects-vyopta-manage-optimize-digital-collaboration-experiences/ | true | 11 |
The Momentus Capital family of companies is a founding member of the new coalition dedicated to addressing economic disparities and accelerating economic opportunities.
ARLINGTON, Va. and SAN DIEGO, July 28, 2022 /PRNewswire/ -- Momentus Capital is honored to serve as one of the founding members of newly created Economic Opportunity Coalition (EOC).
Vice President Kamala Harris announced today historic efforts to catalyze and align both public and private investments — including formation of the new EOC — to address economic disparities and accelerate economic opportunity in communities of color and other underserved communities.
The EOC is made up of 23 companies and foundations, including 14 companies ranked in the Fortune 500. Their goal is to focus commitments in a few areas that will move the needle — aligning their major investments in communities of color with investments made by the Biden-Harris Administration.
"Momentus Capital is uniquely positioned to serve a significant role representing mission-driven financial institutions on the Economic Opportunity Coalition," said Ellis Carr, president and CEO of the Momentus Capital family of companies, which includes Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies. "Our team has extensive experience with small business and community development, and the ability to offer a continuum of capital at every growth stage to support economic mobility and wealth creation."
"We are thankful to the Biden-Harris Administration for its support of the Economic Opportunity Coalition. Working together in this public-private partnership will help create social and economic justice in disinvested communities," Mr. Carr added. "This coalition will bolster the work that Momentus Capital is doing to provide communities with the opportunities they deserve to succeed and thrive. We can accomplish much more, and much faster, by combining our efforts strategically than we would by acting separately."
The founding members of the EOC include Ariel Investments, Bank of America, BNY Mellon, Capital One, Citi, Discover, Ford Foundation, Goldman Sachs, Google, Key Bank, Kresge Foundation, Mastercard, McDonald's, McKinsey & Company, Micron, Momentus Capital, Moody's, Netflix, PayPal, PNC, The Rockefeller Foundation, TIAA, and Upstart.
The EOC will coordinate across public, private and social sector organizations. It will develop and deploy products that solve challenges in getting resources where they are needed most, and it will drive toward outcomes for meaningful action.
The coalition members have made significant commitments across each of the four focus areas, including a number of investments since the group formed earlier this year:
- Investing in community development financial institutions (CDFIs) and minority depository institutions (MDIs)
- Supporting entrepreneurship and minority-owned businesses
- Expanding inclusive and equitable access to credit and other financial services facilitating financial health
- Making infrastructure investments that create more community wealth
These commitments, which represent only a small fraction of total commitments from the EOC, show the immense resources these founding members bring to the table, but they acknowledge they must do more.
Over the coming months, the EOC will build on investments the Biden-Harris Administration has made and develop new solutions that reimagine how capital, technology, and talent are deployed in underserved communities. They will be built with and for the community, leveraging existing strengths and assets to address the root causes of economic inequality.
The Momentus Capital family of companies is already working to transform how investments and capital flow into communities. This includes:
- Financial capital: a range of flexible debt and equity products to meet Momentus Capital's partners' needs, as well as access to new markets and potential investors
- Knowledge capital: business advising, assistance, and training to develop the skills and insights that can help partners advance their enterprises
- Social capital: connections to networks and people that can help Momentus Capital's partners succeed
Among the recent programs and initiatives from the Momentus Capital family of companies:
- Launching an Impact Investing group to jumpstart growth-stage businesses that will impact their communities. Equity investments make up less than 2% of CDFI portfolios in the United States. This will fill a crucial gap for companies like this that need more than traditional debt products.
- Coming Soon! Momentus Capital is developing a first-of-its kind mission-driven investment bank to better connect investors with community organizations through community-centric securities offerings.
- Activate Detroit, a new loan product that is empowering Black entrepreneurs by focusing on character-based evaluations, rather than credit scores.
- Impower, which helps business owners who have been denied a commercial real estate loan, assisting them with the opportunity to build wealth, create jobs and stay in the communities they serve.
- The Equitable Development Initiative, Housing Equity Accelerator Fellowship, and Growing Diverse Housing Developers, all of which provide training, mentorship, connections, and pathways to financing for developers of color, helping them overcome racial barriers and systemic issues.
- Expanding access to Ventures+, a proprietary loan processing and portfolio management tool that has become one of the top resources for small business and community lenders. This has helped other local lenders create an impact in their communities by providing access to high-level services they would otherwise be unlikely to manage on their own.
Leveraging 80 years of combined experience, a portfolio of nearly $3 billion, and strong community engagement, the Momentus Capital family of companies has delivered more than $23 billion in financing, created and preserved 250,000 jobs, and served 12,000 small businesses and five million people across their history.
More information is available on the Momentus Capital fact sheet (PDF).
Momentus Capital is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve.
Through our family of mission-driven organizations including Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies, we are working to reinvent traditional financial systems that have failed to address systemic issues of inequality, economic empowerment, and the widening racial wealth gap.
Each organization under the Momentus Capital brand will continue operating as a separate entity committed to serving its key market and clients, albeit with additional resources and product offerings.
We offer a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology services that advance locally-led solutions.
Leveraging 80 years of combined experience, a portfolio of nearly $3 billion, and strong community engagement, the family of companies has delivered more than $23 billion in financing, created and preserved 250,000 jobs, and served 12,000 small businesses and five million people across their history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, Michigan, Nevada, New York, Texas, and Washington, D.C.
Learn more at momentuscap.org.
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SOURCE Momentus Capital | https://www.kktv.com/prnewswire/2022/07/28/momentus-capital-commends-biden-harris-administration-supporting-economic-opportunity-coalition-committing-address-economic-disparities-communities-color/ | 2022-07-28T20:46:31Z | https://www.kktv.com/prnewswire/2022/07/28/momentus-capital-commends-biden-harris-administration-supporting-economic-opportunity-coalition-committing-address-economic-disparities-communities-color/ | false | 12 |
TOKYO (AP) — Japan’s push to obtain UNESCO World Heritage recognition for a former gold mine key to the nation’s industrialization will be delayed because its application was insufficient, officials said Thursday.
The efforts to obtain a UNESCO listing for the Sado Island mine were protested by South Korea and have added to their diplomatic frictions over Japan’s colonization of the Korean Peninsula and its actions in World War II.
The mine in northern Japan operated for nearly 400 years and was once the world’s largest gold producer before closing in 1989.
South Korea opposed the registration as inappropriate because of Japan’s wartime abuse of Korean laborers. Seoul has said Koreans brought to Japan during its 1910-1945 colonization of the Korean Peninsula were put to forced labor at the mine.
Historians say Japan used hundreds of thousands of Korean laborers, including those forcibly brought from the Korean Peninsula, at mines and factories to make up for labor shortages, as most working-age men were sent to battlefronts across Asia and the Pacific.
The town and Niigata prefectural sites praise the Sado Island mine for mining technology development before and after industrialization. There is no mention of its wartime use of Korean laborers.
Japan submitted a letter of recommendation to nominate the mine to UNESCO earlier this year and hoped it would be listed next year. On Thursday, however, culture minister Shinsuke Suematsu told reporters registration next year “would be difficult.”
Suematsu said the UNESCO office cited “insufficiency” in the content of the application but he was not more specific. “It is extremely regrettable, but we have decided to resubmit the documents,” he said. An interim document will be submitted by the end of September and a formal version by Feb. 1.
The Agency for Cultural Affairs later said the additional information requested by UNESCO involved sections of a former waterway used to collect gold dust. While Japan provided an explanation for the waterway sections as a set, UNESCO wanted fuller descriptions for each of them separately. The agency said the issue is mostly technical and not related to interpretation of wartime history.
Another Japanese site with similar sensitivities was granted UNESCO recognition in 2015. Gunkanjima, or Battleship Island, in Nagasaki prefecture, was a former coal mine site recognized as important to the Meiji Industrial Revolution in Japan. South Korea protested that the site omitted mention of Koreans toiling on the island, which triggered a UNESCO decision urging Japan to present more balanced history.
Prime Minister Fumio Kishida’s government previously considered delaying the Sado Island nomination but apparently reversed itself after facing growing pressure from ultra-conservatives in the ruling party known for their efforts to whitewash Japan’s wartime past.
Relations between Tokyo and Seoul are at their lowest level in years due to disputes stemming from Japan’s sexual abuse of Korean women and use of forced laborers before and during World War II.
___
Follow Mari Yamaguchi on Twitter at https://www.twitter.com/mariyamaguchi | https://www.8newsnow.com/news/international/japans-push-for-unesco-to-list-divisive-gold-mine-delayed/ | 2022-07-28T20:51:09Z | https://www.8newsnow.com/news/international/japans-push-for-unesco-to-list-divisive-gold-mine-delayed/ | false | 31 |
- Student-designed project will investigate basis of telomere lengthening in astronauts
WASHINGTON, July 28, 2022 /PRNewswire/ -- Student Pristine Onuoha has won the eighth national Genes in Space STEM competition. Onuoha, who attends East Chapel Hill High School in Chapel Hill, NC, seeks to understand the mechanism behind telomere lengthening, a chromosomal change that has been observed in space travelers. Her experiment will be performed by astronauts aboard the International Space Station (ISS) next year.
Telomeres are structures that protect DNA from damage, and shorten with age and wear. Surprisingly, telomere lengthening has been observed in space travelers, notably Astronaut Scott Kelly, the subject of NASA's Twin Study. Onuoha's experiment will explore the possibility that telomere lengthening is caused by a space-induced proliferation of stem cells—undifferentiated cells from which specialized body components arise and which typically have long telomeres.
Onuoha developed her proposal with guidance from her teacher, Kimberly Manning, and her mentor, Harvard University scientist Ana Karla Cepeda Diaz. In their company, Onuoha will travel to NASA's Kennedy Space Center to watch her experiment launch to space in 2023.
This announcement concludes the 2022 Genes in Space competition. Founded by Boeing and miniPCR bio, Genes in Space invites students in grades 7 through 12 to design biology experiments that address real-world challenges in space exploration. Previous contest winners have explored phenomena ranging from DNA repair to immune dysfunction that have achieved significant experimental milestones, including the first use of CRISPR/Cas9 gene editing in space. The competition receives additional sponsorship from the ISS National Laboratory and New England Biolabs.
Onuoha's proposal was selected from a competitive field of 602 submissions from 1,175 students across the U.S. Authors of the top five proposals were invited to present their ideas to a distinguished panel of scientists, educators, and technologists at the ISS Research & Development Conference in Washington, D.C. The judges announced their selection at the conference Thursday afternoon.
For more information about the Genes in Space contest and all other awardees, visit: www.genesinspace.org.
Media contact: Katy Martin, genesinspace@minipcr.com, +1 781-990-8727
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SOURCE Genes in Space | https://www.fox19.com/prnewswire/2022/07/28/genes-space-contest-selects-winning-student-experiment-launch-space/ | 2022-07-28T20:51:48Z | https://www.fox19.com/prnewswire/2022/07/28/genes-space-contest-selects-winning-student-experiment-launch-space/ | true | 12 |
Deal on Capitol Hill could ease seniors’ health costs
A deal on Capitol Hill that could cut prescription drug costs for millions of Medicare beneficiaries was cautiously cheered by older Americans and their advocates Thursday even as many worried it might never come to fruition.
The health care and climate agreement struck by Senate Majority Leader Chuck Schumer and Democratic Sen. Joe Manchin includes landmark provisions that could help senior citizens, including a cap on out-of-pocket Medicare drug costs and a requirement that the government negotiate prices on some high-cost drugs.
Some of the issues addressed in the deal have been talked about for decades and proved elusive. But Manchin’s backing brought new optimism to many who have lobbied and prayed for relief.
“We worry constantly, ‘Will we be able to afford this?’” said Becky Miller, a 67-year-old retired teacher from Bradenton, Florida, who spends thousands of dollars each year for drugs to treat epilepsy, heart problems and an inflammatory disease that affects her spine.
She is afraid the powerful pharmaceutical lobby might still thwart the plan, but said, “If this goes through, it will help a lot of people.”
Several prongs of the proposal have the potential to bring relief to millions of people:
— It would cap out-of-pocket drug costs at $2,000 a year for Medicare beneficiaries. No such limit exists today, and some older people on costly drugs can run up bills of tens of thousands of dollars.
— It would give Medicare, for the first time, the ability to directly negotiate with pharmaceutical companies over the price of drugs, though the number of medications subject to the provision would be limited.
— It would create a new “inflation rebate” requiring drug companies to give refunds to Medicare beneficiaries for increases in prescription drug prices that exceed the rate of inflation.
— It would provide coverage of vaccines for senior citizens. Some Medicare beneficiaries have had to pay out of pocket for recommended immunizations, such as the one against shingles.
Earlier proposals were more generous and, along the way, provisions to pay for senior citizens’ glasses, hearing aids and dental care were trimmed. But news of a possible deal still drew applause.
“This would nonetheless be transformational, just not as transformational,” said David Lipschutz, associate director of the nonpartisan Center for Medicare Advocacy. “It might not have been everything that everyone hoped for from the beginning, but this is nonetheless a huge step.”
Tricia Neuman, a Medicare expert with the nonpartisan Kaiser Family Foundation, was likewise optimistic, saying, “Congress is on the cusp of making major changes to the Medicare drug benefit that could provide significant help to people struggling with their drug costs.”
If passed, an estimated 4.1 million Medicare beneficiaries would start getting free vaccines as soon as next year, Neuman said. Drug companies would also be required to start giving the rebates next year.
Other proposals would take longer to kick in. The cap on out-of-pocket spending — estimated to help 1.45 million people — would start in 2025. And in 2026, the government would be able to start negotiating prices, beginning with 10 drugs and increasing to 20 by 2029.
The Senate is expected to vote on the wide-ranging measure next week, but with the chamber divided 50-50 and the Republicans staunchly opposed, the Democrats will have no votes to spare. A House vote would follow, perhaps later in August.
One key vote, Sen. Kyrsten Sinema, D-Ariz., was still reviewing the agreement, a spokeswoman said. Sinema backed Manchin last year in insisting on making the legislation less expensive but objected to proposals to raise tax rates.
Pamela Stevens, a 69-year-old from San Dimas, California, pays around $10,000 annually in out-of-pocket expenses for drugs to treat diabetes and other conditions. She is a retired nurse and her husband a retired accountant, and said that while they aren’t poor, drug costs leave them little wiggle room. They never go out to eat or on vacation, and she sometimes goes without cholesterol drugs to cut costs.
Passage of the proposal, Stevens said, would give her some freedom and a chance to do more than just sit home watching TV. But she is not convinced it will happen.
“I am not going to hold my breath,” she said. “My hopes have been dashed too many times.”
In Oakland, California, 67-year-old Gay Cohen will pay $14,000 this year out of pocket for a generic version of the cancer drug Revlimid. Cohen, who worked on the implementation of the Affordable Care Act in the Obama administration, was diagnosed with multiple myeloma in 2020.
“It’s scandalous to pay that much money for something that is literally keeping me alive,” Cohen said. The cap on out-of-pocket costs would help him once it kicks in.
He added: “I’m really excited it’s happening. I wish it were coming sooner.”
By MATT SEDENSKY and CARLA K. JOHNSON
Associated Press | https://www.mymotherlode.com/news/national/general-election/2692364/deal-on-capitol-hill-could-ease-seniors-health-costs.html | 2022-07-28T20:53:05Z | https://www.mymotherlode.com/news/national/general-election/2692364/deal-on-capitol-hill-could-ease-seniors-health-costs.html | false | 54 |
GOLETA, Calif. (AP) _ Deckers Outdoor Corp. (DECK) on Thursday reported fiscal first-quarter earnings of $44.8 million.
The Goleta, California-based company said it had profit of $1.66 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The maker of Ugg footwear posted revenue of $614.5 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $575.3 million.
Deckers expects full-year earnings to be $17.50 to $18.35 per share, with revenue in the range of $3.45 billion to $3.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DECK at https://www.zacks.com/ap/DECK | https://www.myjournalcourier.com/business/article/Deckers-Fiscal-Q1-Earnings-Snapshot-17336205.php | 2022-07-28T20:56:12Z | https://www.myjournalcourier.com/business/article/Deckers-Fiscal-Q1-Earnings-Snapshot-17336205.php | false | null |
Tokyo, July 28, 2022 (GLOBE NEWSWIRE) -- The global protective coatings market size was valued at USD 15.81 billion in 2022. Coatings play a significant role in the protection of assets in the industrial, commercial, and architectural markets. Coatings are generally understood to be a thin layer of solid substance applied to a surface to improve its functional, aesthetic, or protective qualities. They are a liquid, liquefiable, or mastic mixture, more particularly, that when applied to a surface hardens into a protective, ornamental, or useful adhering film. To prevent corrosion of the substrate, protective coatings are put on a surface.
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Additionally, protective coatings are utilized in the civil construction and infrastructure sector for flooring, wood finishes, interior and external walls, bridges, swimming pools, doors, and ceilings. Increased investments in infrastructure development and increased renovation of older buildings are two variables that operate as important market growth drivers.
Report highlights
- On the basis of formulating technology, the solvent based segment is the leading segment and is expected to make the largest contribution to the protective coatings market. They are used extensively. The use of organic solvents made it considerably simpler to apply paint, allow it to cure, and create an even, long-lasting paint coat. However, as the solvents evaporate, they release Volatile Organic Compounds (VOCs), which smell bad and are hazardous to the environment. In humid conditions, coatings with a solvent base are advantageous. When opposed to water-based coatings, which perform worse in humid settings, solvent-based coatings require a lot less time to dry. Liquidizing agents, which are a component of solvent-based coatings, hasten drying time by a chemical reaction with ambient oxygen. Because of their nature, solvent-based coatings are simple to apply in a humid environment and at various temperatures.
- On the basis of resin type, the epoxy segment had the largest market share and is anticipated to keep growing during the projection period. The capacity of epoxy coatings to endure intense temperatures makes them highly valued. Epoxy also has the benefit of drying quickly, minimizing production pauses while the coating cures. Epoxy is also resistant to exposure to chemicals, all types of leaks, and surface scratches. This prevents the coating from deteriorating and needing maintenance.
- On the basis of end use industry, the infrastructure and construction segment is expected to be the largest segment. Preventing structures against solvents, dust, fungi, corrosion, humidity, and other threats that could compromise their stability and operation is the main goal of protective coatings. In addition to offering waterproofing solutions, protective coatings help stop water leaks. Buildings, dams, wells, bridges, floors, wood finishes, and external and interior walls may all function in demanding situations and circumstances attributable to protective coatings that act as a protective barrier.
Regional Snapshots
Asia-Pacific held dominant position and has largest share of protective coatings market. It is anticipated to increase rapidly during the forecast period as a result of significant infrastructure improvements. The region includes nations at various stages of economic development. Protective Coatings are used in a variety of end-use industries, including Civil Building & Infrastructure and Marine, which is primarily responsible for the region's growth.
Due to rising government spending in infrastructure development projects, it is projected that infrastructure and building will increase in developing Asia Pacific countries like China and India. Among other things, these projects involve building bridges, trains, airports, and more. Hence, this region is expected to grow at highest rate.
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Scope of the Report
Market dynamics
Drivers
On a massive scale, it is predicted that putting the existing corrosion management strategies into practice might result in yearly cost savings of between 15 and 35 percent. Depending on the type of environment they are exposed to, metals have a natural tendency to shift to a low energy state and so seek to form oxides, hydroxides, carbonates, sulfides, and other compounds. Lightweight metals have become the material of choice in many industries. In the automotive, aerospace, and consumer goods industries, aluminum, titanium, and now even magnesium, have become essential materials. Due to their wide availability, exceptional strength-to-weight ratios, and versatility, they are a preferred solution for product engineers all over the world. Hence, increase in corrosion concerns in various end use industries is fueling the growth of the market across globe.
Restraints
Protective coatings are expensive, and the cost of producing them is rising along with the cost of energy. The price of raw materials has increased as a result of increasing crude oil prices and shifting foreign exchange rates. The cost of the raw materials used to make protective coatings varies greatly. The least costly of them is acrylic. The priciest kind of protective coatings are epoxies. Manufacturers must pay additional costs owing to increasing energy taxes on top of the pricing of raw materials, which leads to greater operational expense and lower margins of profit.
Opportunities
In addition to extending the lifespan of the current substrates, protective coatings are applied. There are systems that operate continuously in several sectors. A few of these involve the usage of harsh materials or exposure to changing climatic conditions. As a result, the equipment's structure degrades or the process becomes less efficient, leading to the shutdown of the plant or a halt in all operations. Protective coatings aid in averting these problems, saving on the expense of equipment repair and shutdown. Because seawater is corrosive, the marine industry is vulnerable to damage to boats, ships, and docks. In the marine industry, coatings like waterproofing coats and joints & crack filler coats are frequently utilised for maintenance. Hence, increasing demand for maintenance for existing substrates are becoming a boom in the market.
Challenges
Manufacturers have been forced to create products with low volatile organic compounds (VOCs), high solid content, and fewer toxic biocides as a result of increasingly strict rules limiting the use of protective coatings. REACH, Green Seal, the Solvent Emissions Directive (SED), and the Biocidal Products Directive (BPD) are tough environmental laws that regulate chemical registration, evaluation, authorization, and restraint as well as the emission of volatile organic compounds and hazardous air pollutants (hazardous air pollutants). This has caused technical issues with the application of solvent-based coatings. The industries are changing their practices to employ more ecologically friendly coatings as a result of these laws. Development of new products that abide by these strict restrictions and make it profitable for industries, however, is a challenge. Hence, creation of affordable items while observing tight environmental restrictions that limit the market growth.
Related Reports
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Recent Developments
- With COSCO shipping, Hong Kong's top shipping company, Jotun has formed a joint venture. Both sides benefit from this enterprise in equal measure. The business combines Jotun's cutting-edge, high-performance coatings technology with its infrastructure, industry, and knowledge, while Jotun retains its coveted COSCO reputation in China, the company's most important market.
Market Segmentation
By Formulation Technology
- Solvent based
- Water based
- Powder coatings
By Resin Type
- Epoxy
- Polyurethane
- Acrylic
- Alkyd
- Zinc
By End Use
- Infrastructure
- Commercial Real Estate
- Industrial Plants and Facilities
- Oil & Gas
- Power
- Mining
By Application
- Abrasion Resistance
- Chemical Resistance
- Fire Protection
- Heat Resistance
- Corrosion Resistance
- Pipe Coatings
- Tank Linings
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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https://twitter.com/Precedence_R | https://www.globenewswire.com/news-release/2022/07/28/2488281/0/en/Protective-Coatings-Market-Size-to-Surpass-USD-21-7-Bn-by-2030.html | 2022-07-28T20:56:51Z | https://www.globenewswire.com/news-release/2022/07/28/2488281/0/en/Protective-Coatings-Market-Size-to-Surpass-USD-21-7-Bn-by-2030.html | false | 4 |
LOS ANGELES (AP) — “Jeopardy!” is giving itself two answers to the question of who gets to host the quiz show — Mayim Bialik and Ken Jennings.
Bialik and Jennings have been serving as rotating hosts since Mike Richards exited the show amid controversy after a short tenure as the late Alex Trebek’s replacement.
Executive producer Michael Davies said in an announcement posted online Wednesday that deals were signed with Bialik and Jennings “to be the hosts of Jeopardy! moving forward.”
“In Mayim and Ken, we have two outstanding hosts at the beginning of their Jeopardy! hosting careers who connect with their own unique fanbases, new fans, and the traditional Jeopardy! viewer,” Davies said in the statement.
Jennings, an all-time “Jeopardy!” champion, and actor Bialik (“Call Me Kat,” “The Big Bang Theory”) were among the guest hosts who filled in after Trebek’s death from cancer in 2020. While the stints were seen as tryouts, the job unexpectedly went to then-executive producer Richards last summer.
At the same time, Bialik was given a role by “Jeopardy!” studio Sony as emcee for the show’s prime-time and spinoff series, including a new college championship. It was viewed in part as an effort to placate fans who complained that the succession of guest hosts seemed like a publicity stunt and that the job was Richards’ all along.
But Richards was quickly gone from the show following a report of his past unguarded and offensive comments on a podcast. Jennings and Bialik stepped in to share hosting duties as their schedules allowed.
Davies laid out details of how the job-sharing plan would work when the show begins its new season in September.
Jennings, who is also a “Jeopardy!” consulting producer, will kick off the season and host the Tournament of Champions with past winners including Amy Schneider, Matt Amodio, Mattea Roach and Ryan Long. During that period, Bialik will host “Celebrity Jeopardy!” on ABC in prime time.
“When she takes over from Ken in January, the current plan is to have her host a couple of new tournaments as well as the Jeopardy! National College Championship” and whatever else her commitment to “Call Me Kat” will allow for with “Jeopardy!” Davies said.
“We know you value consistency, so we will not flip flop the hosts constantly and will keep you informed about the hosting schedule,” he said.
“Jeopardy!” had enjoyed remarkable stability under Trebek, who hosted the show for 37 seasons. Davies said that Bialik and Jennings “love and and respect this institution of a television program.” | https://www.fox46.com/nexstar-media-wire/mayim-bialik-ken-jennings-to-share-job-as-jeopardy-host/ | 2022-07-28T20:59:03Z | https://www.fox46.com/nexstar-media-wire/mayim-bialik-ken-jennings-to-share-job-as-jeopardy-host/ | true | 47 |
Microsoft Edge will soon automatically compress disk caches, helping to improve its performance and giving users a noticeable speed boost.
The company says its goal is to “deliver the best performing browser possible on Windows and other platforms,” despite hot competition from Google Chrome (which along with Edge is based on the Chromium platform), and Apple's Safari.
Microsoft said that from Edge 102 onwards, its browser would “automatically compress disk caches on devices that meet eligibility checks, to ensure the compression will be beneficial without degrading performance.”
Microsoft Edge 102
According to Microsoft, contents in the caches that browsers create are “often highly compressible.” Caches are an important aspect of loading webpages quickly, but the negative effect they can have on a computer’s disk space can slow the actual machine down. By compressing its caches, Microsoft Edge should be able to perform quickly while adding less strain onto the machine.
Microsoft Edge has long had a competitive disadvantage despite being the default browser on modern Windows machines, however the company has been working hard pushing updates to make it quicker, more responsive, and a better all-round offering.
> We've found the best productivity tools around (opens in new tab)
> This Microsoft Edge update will give power users plenty to celebrate (opens in new tab)
> Exclusive: Microsoft Edge scores victory over Google Chrome in a key market (opens in new tab)
Most recently, the browser’s CPU and memory requirements have been slashed, which would have a less damaging effect on battery life. Bleeping Computer (opens in new tab) reports that sleeping tabs should use 32% less memory on average, with CPU usage dropping by 37%.
Furthermore, the company’s roadmap hints at future updates that are designed to boost productivity. Last month, we reported on a new side-by-side feature that we expect to be coming to Edge in August 2022.
- Protect your browsing history with the best VPNs and our favorite proxies | https://www.techradar.com/news/a-clever-trick-has-allowed-microsoft-edge-to-become-faster-than-ever | 2022-07-28T21:01:33Z | https://www.techradar.com/news/a-clever-trick-has-allowed-microsoft-edge-to-become-faster-than-ever | false | 7 |
You Deserve to Play These Five Unique Courses From Around the World
According to the National Golf Foundation, 80% of golfers have plans to tee up a golf-getaway in 2022. To help you plan your next golf escape we’ve curated a collection of unique courses from around the world that promise an unforgettable trip. From a 9-hole course carved in...
traveldreamsmagazine.com | https://www.newsbreak.com/news/2680442240459/you-deserve-to-play-these-five-unique-courses-from-around-the-world | 2022-07-28T21:01:46Z | https://www.newsbreak.com/news/2680442240459/you-deserve-to-play-these-five-unique-courses-from-around-the-world | true | null |
New Urgent Care Serves Downtown Los Angeles Area
LOS ANGELES, July 28, 2022 /PRNewswire/ -- PIH Health opened a new Urgent Care Center in Los Angeles located at 2200 West 3rd Street, suite 120 to service those who live, work and play in the Westlake District, Downtown Los Angeles and surrounding areas. Community members who have an urgent medical need and cannot get in to see their regular doctor will now have access to high-quality medical services closer to their home and places of work. PIH Health Urgent Care Center Westlake is located one mile from PIH Health Good Samaritan Hospital.
The urgent care center offers care for minor illnesses, such as earaches, persistent coughs and minor wounds that may need stitches. Sports physicals are also offered at this facility.
"The opening of Urgent Care Center Westlake will allow us to expand our services to patients in the Los Angeles community and surrounding areas," says Jaime Diaz MD, chief medical officer, PIH Health Good Samaritan Hospital and medical director, PIH Health Urgent Care System. "This new facility will give local community members access to our highly trained network of compassionate care providers so that they can receive medical treatment when they need it."
Below are some of the conditions that are treated at PIH Health's new Urgent Care Center Westlake location:
- Animal bites
- Asthma
- Broken bones
- Burns
- Cold & flu symptoms
- Cuts & bruises
- Headaches
- Infections
- Sprains and strains
- Stomach or abdominal pain
- Urinary tract infections
The new Los Angeles facility joins other PIH Health Urgent Care Centers in Downey, Hacienda Heights, La Habra, Montebello, Santa Fe Springs, and Whittier. Urgent Care Center Westlake is open every day from 10 a.m. to 8 p.m., including holidays. No appointment is necessary, just walk in. To view a list of all PIH Health Urgent Care Center locations or to check wait times, visit PIHHealth.org/UCC.
PIH Health is a nonprofit, regional healthcare network that serves approximately 3.7 million residents in the Los Angeles County, Orange County and San Gabriel Valley region. The fully integrated network is comprised of PIH Health Downey Hospital, PIH Health Good Samaritan Hospital, PIH Health Whittier Hospital, 35 outpatient medical office buildings, a multispecialty medical (physician) group, home healthcare services and hospice care, as well as heart, cancer, digestive health, orthopedics, women's health, urgent care and emergency services. The organization is nationally recognized for excellence in patient care and patient experience, and the College of Healthcare Information Management Executives (CHIME) has identified PIH Health as one of the nation's top hospital systems for best practices, cutting-edge advancements, quality of care and healthcare technology. PIH Health is also certified as a Great Place to Work®. For more information, visit PIHHealth.org or follow us on Facebook, Twitter, or Instagram.
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SOURCE PIH Health | https://www.kwtx.com/prnewswire/2022/07/28/pih-health-opens-urgent-care-center-westlake/ | 2022-07-28T21:01:59Z | https://www.kwtx.com/prnewswire/2022/07/28/pih-health-opens-urgent-care-center-westlake/ | true | 11 |
WFO ALBANY Warnings, Watches and Advisories for Thursday, July 28, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Albany NY
339 PM EDT Thu Jul 28 2022
...A strong thunderstorm will impact portions of southwestern Albany
and central Schoharie Counties through 445 PM EDT...
At 338 PM EDT, Doppler radar was tracking a strong thunderstorm over
Worcester, or 11 miles southeast of Cooperstown, moving east at 35
mph.
HAZARD...Wind gusts up to 50 mph and pea size hail.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects. Minor damage to outdoor objects is
possible.
Locations impacted include...
Jefferson, Westerlo, Berne, Middleburgh, Summit, Schoharie,
Richmondville, Livingstonville, North Blenheim, Breakabeen,
Preston-Potter Hollow, Preston Hollow, Rensselaerville, East Berne,
West Richmondville, Shoefelt Corners, Baird Corners, West Berne,
Huntersland and Warnerville.
This includes Interstate 88 between exits 20 and 21.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
Torrential rainfall is also occurring with this storm and may lead to
localized flooding. Do not drive your vehicle through flooded
roadways.
This storm may intensify, so be certain to monitor local radio
stations and available television stations for additional information
and possible warnings from the National Weather Service.
A Severe Thunderstorm Watch remains in effect until 800 PM EDT for
east central New York.
LAT...LON 4262 7463 4266 7464 4267 7396 4240 7398
4240 7403 4243 7403 4242 7417 4246 7465
4252 7471
TIME...MOT...LOC 1938Z 272DEG 31KT 4257 7477
MAX HAIL SIZE...0.25 IN
MAX WIND GUST...50 MPH
...A strong thunderstorm will impact portions of southeastern
Hamilton, southwestern Warren and northwestern Saratoga Counties
through 415 PM EDT...
At 339 PM EDT, Doppler radar was tracking a strong thunderstorm near
Sacandaga Campground, or 19 miles north of Gloversville, moving east
at 35 mph.
HAZARD...Winds in excess of 40 mph and half inch hail.
Edinburg, Wells, Lake Luzerne Campground, Day Center, Sacandaga
Campground, Lake Luzerne, Hadley, Stony Creek, Harrisburg, Hope,
Benson, Thurman Station, Beartown, Tenantville, Blackbridge, Fourth
Lake, Conklingville, Maple Grove, Stony Creek Station and Athol.
eastern and east central New York.
LAT...LON 4328 7372 4322 7413 4325 7414 4325 7422
4322 7422 4322 7428 4337 7435 4354 7384
TIME...MOT...LOC 1939Z 251DEG 28KT 4331 7422
MAX HAIL SIZE...0.50 IN
MAX WIND GUST...40 MPH
_____
Copyright 2022 AccuWeather | https://www.trumbulltimes.com/weather/article/NY-WFO-ALBANY-Warnings-Watches-and-Advisories-17336031.php | 2022-07-28T21:03:53Z | https://www.trumbulltimes.com/weather/article/NY-WFO-ALBANY-Warnings-Watches-and-Advisories-17336031.php | true | 11 |
Former WWE Legend Reportedly Debating 2024 Presidential Bid
A WWE hall of famer sounds ready to run for President of the United States. Jesse Ventura recently appeared on the Talk is Jericho podcast and seemed to tease he's debating a run for president in 2024. The 71-year-old revealed he wants to run with a new political party since he doesn't trust Republicans or Democrats.
"Now it's more serious than ever. I mean, I dabbled with the Green Party two years ago 'til I found out they were split and were completely dysfunctional," Ventura said, per Thirsty for News. "But I've been communicating and working very close now with Andrew Yang, and Andrew Yang is the real deal and Andrew Yang is forming what's going to be called the Forward Party."
God bless Jesse Ventura. #gorilla https://t.co/dBeGTJl8W8
— Nathan Bones (@fretlessnathan) July 15, 2022
Ventura continued: "And we're calling it that because we want to look forward into the future — we don't want the past, we don't want nothing to do with the [Democrats] and [Republicans]. They're the past, this is going to be the Forward Party, and we're hoping to get ballot access and candidates on the slate and have a presidential candidate and a convention by the 2024 election. And I'll tell you why, Chris, right now, 60% of the country doesn't want [Joe] Biden or [Donald] Trump."
Ventura has his share of political experience as he was the governor of Minnesota from 1999 to 2003. Before becoming governor, Ventura was the Mayor of Brooklyn Park, Minnesota from 1991 to 1995. When Ventura ran for governor, he was with the Reform Party and defeated the Republican and Democratic nominees.
This is not the first time Ventura talked about running for president. In 2020, the WWE Hall of Famer endorsed the Green Party and show interest in running for its nomination for the 2020 presidential election. But shortly after joining the Green Party in May 2020, Ventura decided not to run.
"Unfortunately logistics are not going to allow that to happen," Ventura said at the time, per CBS News. Pro wrestling fans know how important Ventura was for WWE in the 1980s. From 1985 to 1990 Ventura was an outspoken commentator for WWE and worked with Gorilla Monsoon and Vince McMahon. His antics led to him being inducted into the WWE Hall of Fame in 2004. | https://popculture.com/sports/news/former-wwe-legend-jesse-ventura-debating-2024-presidential-bid/ | 2022-07-28T21:06:40Z | https://popculture.com/sports/news/former-wwe-legend-jesse-ventura-debating-2024-presidential-bid/ | true | 2 |
FREMONT, Calif., July 28, 2022 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced workplace productivity, today reported financial results that are determined in accordance with generally accepted accounting principles in the United States ("GAAP") for the three and six months ended June 30, 2022.
Second Quarter 2022 Financial Highlights:
- Revenue increased 2% to $6.05 million, compared to $6.0 million in the prior-year quarter, and decreased by 4% sequentially compared to $6.3 million in Q1 2022.
- Gross margin was 50.2% compared with 54.7% for the prior year's quarter and 49.7% in the preceding quarter. Margins were negatively impacted by increased component and shipping costs.
- Operating expenses for the second quarter of 2022 were $2.8 million, an increase of 17% compared to operating expenses of $2.4 million in the prior year quarter, and an increase of 7% sequentially in the preceding quarter.
- Operating income was $189,000 compared to an operating income of $814,000 for the prior-year quarter, and $464,000 in the preceding quarter.
"In Q2, we experienced some strong headwinds, and our results were impacted by supply chain issues and material shortages that were outside our control. The majority of our business is driven by the deployments of App-driven mobile Point of Sale (mPOS) systems, which were greatly impacted by the shortage of hardware components such as mobile printers and cash drawers. Although we were in a position to deliver the scanners, the end customers needed components from other providers to deploy successfully. The upgrade portion of our business, where end customers add scanning after they deploy initial systems, remained strong. Our balance sheet and liquidity continue to be in a healthy position to meet the challenging environment," said Kevin Mills, president and chief executive officer.
"In Q2, we announced the launch of SocketScan S720, an upgraded version of the S700, that reads both 1D and 2D barcodes on paper and screen. S720 is a drop-in replacement for our most popular product, S700, while adding QR code functionality that has become increasingly important in today's digital-centric world. In Q3, we will launch an upgrade program to allow existing S700 customers to upgrade their existing scanners in an easy and convenient way.
"We also upgraded our CaptureSDK to include the C820, the free camera-based scanner, so our developer partners could begin the process of offering free scanning to their customers. Our upgraded SM Keyboard application in the Capture SDK enables the end users to scan using the built-in camera for free. The addition of the C820 allows our developer partners to serve all their end users, from price-sensitive to performance-sensitive with one integration.
"Another new product we introduced in Q2 is SocketScan S370 which supports both barcode scanning and Near Field Communication (NFC) Reading and Writing technologies. The S370 provides the ability to read both QR code-based and NFC-based credentials, giving our App partners the flexibility to accept multiple formats with one device. The S370 can also read credentials following ISO 18013-5, the Mobile Driver's Licenses (mDLs) standard being adopted in many states and countries.
"Looking ahead, we anticipate ongoing inflation and supply chain constraints throughout the year. We remain focused on delivering on our customer commitments and investing for the future. When the macro environment pressures subside, we are confident that our commitment to innovation and customer service will once again deliver long-term growth," concluded Mills.
Conference Call
Management of Socket Mobile will hold a conference call and webcast today at 2 P.M. Pacific (5 P.M. Eastern) to discuss the quarterly results and outlook for the future. The dial-in number to access the call is (866) 374-5140 passcode 26060302#. A live and replay audio webcast of the conference call can be accessed through a link https://onlinexperiences.com/Launch/QReg/ShowUUID=3858E4DD-C95E-42E5-8A98-C59967D4F80A&LangLocaleID=1033
About Socket Mobile, Inc.
Socket Mobile is a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Socket Mobile's revenue is primarily driven by the deployment of third-party barcode-enabled mobile applications that integrate Socket Mobile's cordless barcode scanners and contactless readers/writers. Mobile Applications servicing the specialty retailer, field service, transportation, and manufacturing markets are the primary revenue drivers. Socket Mobile has a network of thousands of developers who use its software developer tools to add sophisticated data capture to their mobile applications. Socket Mobile is headquartered in Fremont, Calif., and can be reached at +1-510-933-3000 or www.socketmobile.com. Follow Socket Mobile on LinkedIn, Twitter @socketmobile, and on our sockettalk blog.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding new mobile computer and data collection products, including details on the timing, distribution, and market acceptance of the products, and statements predicting trends, sales, market conditions, and opportunities in the markets in which we sell our products. Such statements involve risks and uncertainties, and actual results could differ materially from the results anticipated in such forward-looking statements as a result of a number of factors, including, but not limited to, the risk that our new products may be delayed or not rollout as predicted, if ever, due to technological, market, or financial factors, including the availability of necessary working capital, the risk that market acceptance and sales opportunities may not happen as anticipated, the risk that our application partners and current distribution channels may choose not to distribute the new products or may not be successful in doing so, the risk that acceptance of our new products in vertical application markets may not happen as anticipated, and other risks described in our most recent Form 10-K and 10-Q reports filed with the Securities and Exchange Commission.
Socket is a registered trademark of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective owners.
© 2022, Socket Mobile, Inc. All rights reserved.
– Financial tables to follow –
*Derived from audited financial statements.
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SOURCE Socket Mobile, Inc. | https://www.witn.com/prnewswire/2022/07/28/socket-mobile-reports-second-quarter-six-months-2022-results/ | 2022-07-28T21:06:44Z | https://www.witn.com/prnewswire/2022/07/28/socket-mobile-reports-second-quarter-six-months-2022-results/ | false | 11 |
Join executives from July 26-28 for Transform's AI & Edge Week. Hear from top leaders discuss topics surrounding AL/ML technology, conversational AI, IVA, NLP, Edge, and more. Reserve your free pass now!
I recently came across this exchange in the comment section of an article on diversity in tech that caught my eye.
Commentor 1: This diversity theme is wearing thin.
Commentor 2: Diversity isn’t a theme or a buzzword. It’s an incredibly complex need to include half the population in an industry they have long since been kept out of.
Not to overanalyze this little exchange, but there’s a lot to unpack here — and it is emblematic of a larger issue. There are some individuals who are clearly missing the point around the value that greater diversity brings. At the same time, there are also many thousands of people who feel shut out of an entire industry which affects them in a very direct way — and they are stunned by how this could not be considered important.
The challenge? Getting to a place where there is an understanding that everyone, universally, benefits from having a more diverse, equitable and inclusive workplace. Diverse work environments create room for different perspectives, promote novel ways of thinking, enhance problem-solving and spur innovation.
Is there really a diversity problem in tech?
Let’s first reaffirm that yes, even now in 2022, diversity in tech is a concern. Tracking with a report from the U.S. Equal Employment Opportunity Commission (EEOC), recent research from Zippia found that, “Men hold 75% of U.S. tech jobs and are offered 3% higher salaries than women.” Compared to industries in general, “the high-tech industry employs a smaller proportion of Black Americans (7.4% versus 14.4%), Latinx Americans (8% versus 13.9%), and women (36% versus 48%).”
Specific to the representation of Black talent, the Kapor Center’s 2022 State of Tech Diversity report found that, “Between 2014 and 2021, the industry produced only a 1% increase in Black representation within technical roles in large tech companies. Black talent represents a mere 4.4% of board roles, 3.7% in technical roles, and just 4.0% in executive leadership.”
On top of that, a wage gap persists, with Black workers who are on average “paid 4% less than peers and often hired in lower-level roles than their qualifications justify.”
Why is there a lack of diversity in tech?
Beginning in 2017 with the #MeToo movement and propelled by the Black Lives Matter protests of 2020, there was a strong call for all companies, including tech, to rethink their approach to diversity, equity and inclusion (DEI). In the years that followed, across the spectrum of industries, companies were put in a position of self-reflection and choice about how they would tackle this issue going forward.
For tech companies, the issues seemed particularly ingrained in the culture and difficult to solve. So, what if we just step back and ask the experts why there is a persistent lack of diversity in tech? Here’s one answer to consider.
In an Information Age article, Laura Smith, former Head of Diversity, Equity and Inclusion at Bolt, a San Francisco-based software company, describes it this way. “It’s easy for companies to view the lack of diversity in tech as a pipeline problem or a legacy issue – it’s a comfortable diagnosis that would mean that it’s someone else’s problem, another area’s fault,” says Smith.
“The uncomfortable truth is that the pipeline and the industry are like a colander: The whole structure has holes,” Smith added. “From getting individuals interested into the field, from equitable access to programs and entry-level opportunities, from uncomfortable and unaccommodating cultures that leak diverse talent to a lack of recognition and development of underrepresented individuals that do find their way into organizations, we have so many holes to fill before we start seeing diverse and inclusive workplaces become the norm in tech.”
One of the “holes” that Smith mentions is centered around the fact that people don’t have a sense of belonging. That’s confirmed by research from the consulting firm, Capgemini which indicates that “globally, only 24% of women and ethnic minorities in tech roles feel like they have a sense of belonging in organizations, despite 75% of leadership executives believing the opposite.”
The research behind how DEI attracts and retains employees
As daunting as it may seem, tech companies are realizing that tackling DEI is no longer an option—not if a company wants to grow and thrive. Prospective hires and current employees don’t just want diversity, equity and inclusion, they expect it. Let’s look at a small portion of the overwhelming amount of research that indicates that DEI is becoming essential to recruitment and retention.
The Built In 2022 State of DEI in Tech Report states that:
- 67% of employees said they would be more inclined to stay in their current role if their employer improved its DEI efforts, a jump from the 51% who indicated this in 2020.
- 58% said DEI initiatives are very important to them when considering a job opportunity.
Wiley surveyed 2,030 technologists and found that:
- 68% reported that they have felt “… uncomfortable in a job because of their gender, ethnicity, socio-economic background or neurodevelopmental condition.”
This isn’t just about making all people in the tech industry feel included and valued — as important as that is. It is also about the very survival of a company and being able to differentiate itself in the hiring marketplace.
A struggle to make progress, but there are hopeful signs
Progress has been slow, and many tech companies are struggling to find their footing with advancing DEI. Built In’s research says that “In spite of the promises many companies made in the past two years to take action on DEI, 35% of surveyed companies reported they are still in the beginning stages of building a DEI program. Additionally, 30% of tech professionals said their companies either don’t have any DEI programs in place or are making a very poor effort.”
Leaders are reportedly feeling the pinch. Wiley research asserts that 68% of businesses feel there is a lack of diversity in their workforce, but many are unsure how to address it. Similarly, Capgemini research found that “90% of organizations worldwide are having trouble implementing inclusion practices and designing services within technology teams.”
But there are hopeful signs. Companies are committing to DEI, and there is evidence that they will be significantly increasing their investment in areas such as intentionally sourcing diverse talent, implementing inclusion tactics and conducting robust DEI training programs.
Breaking through the barriers
The good news is that there are some concrete ways that professionals working in tech can advance DEI. In fact, that’s the only way it will work. We are way beyond the idea that somehow DEI belongs to those in HR and it’s solely their problem to solve. Going back to our original exchange, Commentor 2 had it right. DEI is not just a theme, program or initiative. For it to have impact, it has to be part of the very fabric of the organization in a way that involves everyone.
“DEI is a business strategy, not just an HR strategy. While a big part of it overlaps with HR and operations, it must encompass the entire organization for it to make real changes and be successful.”
—Stephanie Barnes, senior sourcing recruiter at Amazon and diversity and inclusion consultant in Medium.
Start your journey from where you are
If your organization is largely homogeneous, the idea that you can turn this around immediately is unrealistic and can set the organization up to fail. Work toward major aspirational goals, but set your immediate sights on achievable milestones. Consider what you can implement right away, such as education and training, and what may need more time, such as stripping out biases from all systems and processes.
Action: Assess where you stand on the DEI continuum and determine both short and long-term goals.
Make it a business objective. Because it is.
It’s clear that DEI is critical to an organization’s ability to not just survive, but thrive. For that reason, it needs to extend beyond HR and become a business objective for every division, department, leader and individual. In addition to the compelling research above on retention and recruitment, research from Forbes found that “diversity is a key driver of innovation and is a critical component of being successful on a global scale. A majority of respondents agreed that diversity is crucial to encouraging different perspectives and ideas that foster innovation.”
Action: Include DEI objectives in business planning and have it cascade throughout the organization with related accountability in place.
Create awareness (without shaming or blaming)
The key is to use information about the tech industry’s lack of diversity to generate awareness. However, the tricky part of that is to do so without shaming or blaming, which can polarize large factions of the company, leaving it paralyzed to move forward. The challenge is to make sure that everyone feels like they are part of the solution.
Action: Make sure that any communication and education efforts are broadly inclusive.
Identify and work with resistors
If there is widespread resistance to DEI in the organization, this needs to be considered and plans shaped accordingly. If there are pockets of resistance, then you can tackle these preemptively. But in both cases, the key is to make the case that having a diverse, equitable and inclusive culture benefits everyone, universally.
Explore the foundations of the resistance. If people don’t feel connected to the culture, look at what specifically is affecting them negatively. Could it be fear of being left behind? Or fear that they will never have a sense of belonging, no matter how hard they try?
Action: Include pulse checks to find out how people are feeling about their sense of value and belonging in the organization. Determine common threads and proactively address the issues.
Implement concrete actions that demonstrate progress
Creating some immediate “wins” toward a more diverse, equitable and inclusive culture creates positive momentum. Consider, what can you do right now to make a difference? Are your hiring, interview and advancement practices as inclusive as possible? Do your meetings foster a sense of belonging for everyone involved? One way to affect this is to ensure that your education and training are shaped around creating an inclusive culture that can help uncover biases and address difficult issues like these.
Action: Shape your education and training around creating some immediate wins, while at the same time making inroads into tackling complex issues incrementally.
“Training should include how to have difficult/courageous conversations about bias in the real world.”
—The ACT Report: Action to Catalyze Tech: A Paradigm Shift for DEI
What are tech companies doing to address DEI?
Curious to see what other tech companies are doing to address DEI? You may want to look at the work the Aspen Institute is doing.
Over 30 CEOs and executives from large “technology organizations, including Airbnb, Apple, Dropbox, Etsy, Google, LinkedIn, Twitter, Salesforce, Spotify, and Uber, have committed to being founding signatories of the ACT Report, pledging to hold themselves and their companies accountable to accelerate progress toward achieving DEI success.”
Together, they represent more than 500,000 tech employees. Echoing some of the summarized points you’ve read here, the report offers additional research, insights, and perspectives into how organizations can break through barriers to advance DEI.
With much commitment from major players in the tech field, progress will continue. The results will be well worth the time and investment. With this newfound energy, it is possible to hope that the tech industry will not only become increasingly diverse in the coming years, but will be more equitable and inclusive for all.
Natasha Nicholson is the director of content marketing at Kantola Training Solutions.
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You might even consider contributing an article of your own! | https://venturebeat.com/2022/07/28/diversity-in-tech-breaking-through-the-barriers/ | 2022-07-28T21:07:11Z | https://venturebeat.com/2022/07/28/diversity-in-tech-breaking-through-the-barriers/ | true | 2 |
The Centers for Disease Control and Prevention (CDC) says 23 previously healthy infants came down with parechovirus (PeV) meningoencephalitis in Tennessee.
The CDC stated they were all admitted to Tennessee children’s hospital within weeks of each other, beginning in April.
According to the CDC, the virus can cause sepsis-like disease and attack the central nervous system in severe cases.
The CDC reports that 21 of the infants have recovered without complications. However, the CDC said that one child is at risk of hearing loss and another, who experienced seizures, is expected to have severe developmental delays.
Earlier this month, the CDC issued an advisory to clinicians because the agency has observed the virus circulating across the country. The advisory lets health officials know what to look for and how to handle patients with the virus. | https://www.turnto23.com/news/national/23-infants-in-tennessee-treated-for-potentially-dangerous-virus | 2022-07-28T21:07:39Z | https://www.turnto23.com/news/national/23-infants-in-tennessee-treated-for-potentially-dangerous-virus | false | null |
A deal on Capitol Hill that could cut prescription drug costs for millions of Medicare beneficiaries was cautiously cheered by older Americans and their advocates Thursday even as many worried it might never come to fruition.
The health care and climate agreement struck by Senate Majority Leader Chuck Schumer and Democratic Sen. Joe Manchin includes landmark provisions that could help senior citizens, including a cap on out-of-pocket Medicare drug costs and a requirement that the government negotiate prices on some high-cost drugs.
Some of the issues addressed in the deal have been talked about for decades and proved elusive. But Manchin's backing brought new optimism to many who have lobbied and prayed for relief.
“We worry constantly, ‘Will we be able to afford this?’” said Becky Miller, a 67-year-old retired teacher from Bradenton, Florida, who spends thousands of dollars each year for drugs to treat epilepsy, heart problems and an inflammatory disease that affects her spine.
She is afraid the powerful pharmaceutical lobby might still thwart the plan, but said, “If this goes through, it will help a lot of people.”
Several prongs of the proposal have the potential to bring relief to millions of people:
— It would cap out-of-pocket drug costs at $2,000 a year for Medicare beneficiaries. No such limit exists today, and some older people on costly drugs can run up bills of tens of thousands of dollars.
— It would give Medicare, for the first time, the ability to directly negotiate with pharmaceutical companies over the price of drugs, though the number of medications subject to the provision would be limited.
— It would create a new “inflation rebate” requiring drug companies to give refunds to Medicare beneficiaries for increases in prescription drug prices that exceed the rate of inflation.
— It would provide coverage of vaccines for senior citizens. Some Medicare beneficiaries have had to pay out of pocket for recommended immunizations, such as the one against shingles.
Earlier proposals were more generous and, along the way, provisions to pay for senior citizens’ glasses, hearing aids and dental care were trimmed. But news of a possible deal still drew applause.
“This would nonetheless be transformational, just not as transformational," said David Lipschutz, associate director of the nonpartisan Center for Medicare Advocacy. “It might not have been everything that everyone hoped for from the beginning, but this is nonetheless a huge step.”
Tricia Neuman, a Medicare expert with the nonpartisan Kaiser Family Foundation, was likewise optimistic, saying, “Congress is on the cusp of making major changes to the Medicare drug benefit that could provide significant help to people struggling with their drug costs."
If passed, an estimated 4.1 million Medicare beneficiaries would start getting free vaccines as soon as next year, Neuman said. Drug companies would also be required to start giving the rebates next year.
Other proposals would take longer to kick in. The cap on out-of-pocket spending — estimated to help 1.45 million people — would start in 2025. And in 2026, the government would be able to start negotiating prices, beginning with 10 drugs and increasing to 20 by 2029.
Medicare can't currently negotiate drug prices with pharmaceutical companies, leaving taxpayers on the hook to pay for whatever the companies charged, said Bill Sweeney, a senior vice president at AARP.
“Why would we create a situation where we’re at the mercy of the drug companies to pay whatever they charge?” he asked.
The Senate is expected to vote on the wide-ranging measure next week, but with the chamber divided 50-50 and the Republicans staunchly opposed, the Democrats will have no votes to spare. A House vote would follow, perhaps later in August.
One key vote, Sen. Kyrsten Sinema, D-Ariz., was still reviewing the agreement, a spokeswoman said. Sinema backed Manchin last year in insisting on making the legislation less expensive but objected to proposals to raise tax rates.
Pamela Stevens, a 69-year-old from San Dimas, California, pays around $10,000 annually in out-of-pocket expenses for drugs to treat diabetes and other conditions. She is a retired nurse and her husband a retired accountant, and said that while they aren't poor, drug costs leave them little wiggle room. They never go out to eat or on vacation, and she sometimes goes without cholesterol drugs to cut costs.
Passage of the proposal, Stevens said, would give her some freedom and a chance to do more than just sit home watching TV. But she is not convinced it will happen.
“I am not going to hold my breath,” she said. “My hopes have been dashed too many times.”
In Oakland, California, 67-year-old Gary Cohen will pay $14,000 this year out of pocket for a generic version of the cancer drug Revlimid. Cohen, who worked on the implementation of the Affordable Care Act in the Obama administration, was diagnosed with multiple myeloma in 2020.
“It’s scandalous to pay that much money for something that is literally keeping me alive,” Cohen said. The cap on out-of-pocket costs would help him once it kicks in.
He added: “I’m really excited it’s happening. I wish it were coming sooner.”
___
Associated Press writer Amanda Seitz in Washington contributed to this report.
Credit: J. Scott Applewhite
Credit: J. Scott Applewhite
Credit: J. Scott Applewhite
Credit: J. Scott Applewhite | https://www.journal-news.com/nation-world/deal-on-capitol-hill-could-ease-seniors-health-costs/IMLU2PBTMJARHF3RBYGC7LS4VY/ | 2022-07-28T21:11:37Z | https://www.journal-news.com/nation-world/deal-on-capitol-hill-could-ease-seniors-health-costs/IMLU2PBTMJARHF3RBYGC7LS4VY/ | false | 54 |
The Atlanta Falcons announced they have signed S Henry Black to the roster on Thursday.
OFFICIAL: We have made two roster moves, including the signing of S Henry Black.
— Atlanta Falcons (@AtlantaFalcons) July 28, 2022
In a corresponding move, the Falcons waived TE Brayden Lenius.
Black, 25, wound up going undrafted out of Baylor back in 2020. He later signed a rookie contract with the Packers, but was waived and later added to their practice squad.
Black has been on and off of their practice squad since then. Green Bay declined to tender him an offer this offseason, making him an unrestricted free agent.
In 2021, Black appeared in all 17 games for the Packers and recorded 35 tackles, one interception, a forced fumble and two pass deflections.
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CLAYTON, Mo. (AP) _ Olin Corp. (OLN) on Thursday reported second-quarter earnings of $422.1 million.
On a per-share basis, the Clayton, Missouri-based company said it had profit of $2.76.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share.
The chlor-alkali and ammunition producer' posted revenue of $2.62 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $2.52 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OLN at https://www.zacks.com/ap/OLN | https://www.manisteenews.com/business/article/Olin-Q2-Earnings-Snapshot-17336176.php | 2022-07-28T21:17:36Z | https://www.manisteenews.com/business/article/Olin-Q2-Earnings-Snapshot-17336176.php | false | null |
Health News Roundup: Russia daily COVID cases hit highest since April; Sanofi lifts profit outlook as Dupixent sales surge 43% and more
Chief Medical Officer Paul Kelly said in a statement that the National Incident Centre had been activated to enhance coordination across Australia's states and territories to manage the outbreak. Reinfection, severe outcome more common with BA.5 variant; virus spike protein toxic to heart cells The following is a summary of some recent studies on COVID-19.
Following is a summary of current health news briefs.
Cheap copies of GSK's HIV prevention drug could be ready in 2026
British drugmaker GSK has struck a deal to allow low-cost generic versions of its long-acting HIV preventive medicine to be used in the developing world, including sub-Saharan Africa where the virus remains a leading cause of death. Each year, roughly 1.5 million new cases of HIV are recorded globally, most of which occur in resource-limited countries, and disproportionately impact women and adolescent girls.
AbbVie's Allergan reaches $2 billion opioid lawsuit settlement - Bloomberg News
AbbVie Inc's unit Allergan has reached an agreement to pay over $2 billion to resolve thousands of lawsuits related to the marketing of its opioid painkiller, Bloomberg News reported on Wednesday, citing people familiar with the matter. The deal would settle more than 3,000 lawsuits filed by state and local governments, but complete terms of the settlement are still being chalked out, according to the report. Thousands of lawsuits have been filed against drugmakers, distributors and pharmacies over the U.S. opioid crisis.
U.S. can conduct 60,000-80,000 monkeypox tests per week, HHS secretary says
The United States has the capacity to conduct 60,000-80,000 tests for monkeypox virus per week, Health and Human Services Secretary Xavier Becerra said on Thursday. When the monkeypox outbreak began, the U.S. was able to conduct only 6,000 tests per week, Becerra told reporters during a telephone briefing.
CVS siphoned millions from 'safety net' hospitals - New York lawsuit
New York on Thursday sued CVS Health Corp for allegedly forcing hospitals that serve low-income patients to pay millions of dollars to access discounted prescription drugs, violating state antitrust law. In a lawsuit filed in state court in Manhattan, New York Attorney General Letitia James said CVS group abused its market power by requiring hospitals and clinics to use a CVS subsidiary, Wellpartner, to fill prescriptions for discounted drugs at CVS pharmacies.
Australia makes monkeypox a disease of national significance
Australia said on Thursday the spread of monkeypox was now a "communicable disease incident of national significance" to allow for a more coordinated response, following the World Health Organization's declaration of a global health emergency. Chief Medical Officer Paul Kelly said in a statement that the National Incident Centre had been activated to enhance coordination across Australia's states and territories to manage the outbreak.
Reinfection, severe outcome more common with BA.5 variant; virus spike protein toxic to heart cells
The following is a summary of some recent studies on COVID-19. They include research that warrants further study to corroborate the findings and that has yet to be certified by peer review. Reinfections, severe outcomes may be more common with BA.5
Thousands of dead migrant seabirds wash up on Canada shore, avian flu suspected
The carcasses of thousands of migrant seabirds have washed up on the shores of eastern Canada this week and preliminary findings showed that the birds died of avian flu. Since May 2022, the Canadian Food Inspection Agency has confirmed 13 positive cases of highly pathogenic avian influenza in the eastern Canadian province of Newfoundland.
Russia daily COVID cases hit highest since April
Russia reported 11,515 new daily coronavirus cases on Thursday, authorities said, the highest such figure since April 13. Forty-one people in Russia died of coronavirus over the last day, the country's anti-COVID-19 taskforce said in an update.
Sanofi lifts profit outlook as Dupixent sales surge 43%
French healthcare group Sanofi lifted its full-year earnings outlook on continued forecast-beating sales growth for its bestselling drug Dupixent. In a statement on Thursday, Sanofi said it now expects 2022 adjusted earnings per share to grow by about 15%, excluding the effect of currency swings. It had previously predicted low double-digit percentage growth.
Pfizer leaves COVID product forecast unchanged, shares fall
Pfizer Inc did not raise its 2022 forecast for sales of its COVID-19 vaccine and antiviral treatment on Thursday, and its shares fell nearly 5% before recovering. The U.S. drugmaker maintained its full-year forecast of around $54 billion for its COVID products, even as second-quarter sales of its Paxlovid antiviral pills were much higher-than-expected, raising concerns among some analysts over Pfizer's long-term growth prospects.
(With inputs from agencies.)
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Situation wasn't this bad even during British rule: TMC on unparliamentary words row | https://www.devdiscourse.com/article/health/2126255-health-news-roundup-russia-daily-covid-cases-hit-highest-since-april-sanofi-lifts-profit-outlook-as-dupixent-sales-surge-43-and-more | 2022-07-28T21:18:17Z | https://www.devdiscourse.com/article/health/2126255-health-news-roundup-russia-daily-covid-cases-hit-highest-since-april-sanofi-lifts-profit-outlook-as-dupixent-sales-surge-43-and-more | true | 1 |
LIVERMORE, Calif. (AP) _ McGrath RentCorp (MGRC) on Thursday reported second-quarter earnings of $26.1 million.
The Livermore, California-based company said it had profit of $1.07 per share.
The business-to-business rental company posted revenue of $177 million in the period.
McGrath expects full-year revenue in the range of $695 million to $720 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGRC at https://www.zacks.com/ap/MGRC | https://www.bigrapidsnews.com/business/article/McGrath-Q2-Earnings-Snapshot-17336119.php | 2022-07-28T21:18:36Z | https://www.bigrapidsnews.com/business/article/McGrath-Q2-Earnings-Snapshot-17336119.php | false | null |
2022-2030 Report on Global Fiberglass Storage Box Market by Player, Region, Type, Application and Sales Channel
This report studies the Fiberglass Storage Box market, covering market size for segment by type (E-glass, C-glass, etc.), by application (Household, Commercial, etc.), by sales channel (Direct Channel, Distribution Channel), by player (Dock Box Depot, Maine Mystique, Beachcomber Fiberglass Technology, Frigibar Industries, Release Marine, etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
This report provides detailed historical analysis of global market for Fiberglass Storage Box from 2016-2021, and provides extensive market forecasts from 2022-2030 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Fiberglass Storage Box market.
Moreover, the impact of COVID-19 is also concerned. Since outbreak in December 2019, the COVID-19 virus has spread to all around the world and caused huge losses of lives and economy, and the global manufacturing, tourism and financial markets have been hit hard, while the online market/industry increase. Fortunately, with the development of vaccine and other effort by global governments and organizations, the negative impact of COVID-19 is expected to subside and the global economy is expected to recover.
This research covers COVID-19 impacts on the upstream, midstream and downstream industries. Moreover, this research provides an in-depth market evaluation by highlighting information on various aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news & trends. In the end, this report also provides in-depth analysis and professional advices on how to face the post COIVD-19 period.
The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
Leading players of Fiberglass Storage Box including:
Dock Box Depot
Maine Mystique
Beachcomber Fiberglass Technology
Frigibar Industries
Release Marine
Accmar Equipment
Cheyenne
GIBI Marine
C&M Marine Products
Thomas Products, Inc.
Wahoo Docks
Market split by Type, can be divided into:
E-glass
C-glass
A-glass
Other
Market split by Application, can be divided into:
Household
Commercial
Industrial
Market split by Sales Channel, can be divided into:
Direct Channel
Distribution Channel
Market segment by Region/Country including:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America (Brazil, Argentina and Colombia etc.)
Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
If you have any special requirements, please let us know and we can provide you the customized report as you want.
Table of content
Table of Contents
Chapter 1 Fiberglass Storage Box Market Overview
1.1 Fiberglass Storage Box Definition
1.2 Global Fiberglass Storage Box Market Size Status and Outlook (2016-2030)
1.3 Global Fiberglass Storage Box Market Size Comparison by Region (2016-2030)
1.4 Global Fiberglass Storage Box Market Size Comparison by Type (2016-2030)
1.5 Global Fiberglass Storage Box Market Size Comparison by Application (2016-2030)
1.6 Global Fiberglass Storage Box Market Size Comparison by Sales Channel (2016-2030)
1.7 Fiberglass Storage Box Market Dynamics (COVID-19 Impacts)
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/Expansion)
1.7.4 COVID-19 Impacts
1.7.5 Post-Strategies of COVID-19
Chapter 2 Fiberglass Storage Box Market Segment Analysis by Player
2.1 Global Fiberglass Storage Box Sales and Market Share by Player (2019-2021)
2.2 Global Fiberglass Storage Box Revenue and Market Share by Player (2019-2021)
2.3 Global Fiberglass Storage Box Average Price by Player (2019-2021)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Fiberglass Storage Box Market Segment Analysis by Type
3.1 Global Fiberglass Storage Box Market by Type
3.1.1 E-glass
3.1.2 C-glass
3.1.3 A-glass
3.1.4 Other
3.2 Global Fiberglass Storage Box Sales and Market Share
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CHARLESTON, S.C., July 28, 2022 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), a cloud-based benefits administration technology company committed to helping customers and the people they serve get the most out of their health care and benefit programs, today announced it is offering Claims Audit & Recovery Services as an extension of its Benefitplace™ Health Insights data analytics platform.
According to the American Medical Association, more than 20 percent of all medical claims contain errors, resulting in billions of dollars of overpayments to providers each year. Benefitfocus’ Claims Audit & Recovery Services complements employers’ existing audit capabilities and leverages proprietary technology to dig deeper into their previously paid medical claims to ensure they were billed, priced and paid appropriately. Benefitfocus then helps identify and recover any improperly paid amounts directly from the providers on behalf of the employer health plan.
Benefitfocus estimates it can identify three-to-five percent of all medical claims as overpaid with a 70 percent rate of recovery. For an employer with 7,000 employees and an average of $52 million in paid medical claims annually, that could be up to $2 million in overpayments recovered for the employer each year.
“For self-funded employers and their plan members, chronic provider overpayments represent money that should never have been spent and can lead to unnecessary cost increases for employers and employees, often in the form of higher premiums or deductibles,” said Tina Provancal, Chief Product & Strategy Officer at Benefitfocus. “Our Claims Audit & Recovery Services adds an extra layer of support for employers to help them identify and reduce unintended spend, enabling them to reinvest those dollars back into their benefits programs and ultimately, put money back into the pockets of employees and their families.”
Claims Audit & Recovery Services is the newest solution available on Benefitplace™ Health Insights, a robust reporting and analytics platform that provides employers with data and insights that help them make more informed decisions about their benefits programs. Coupled with the platform’s Rx Insights module, customers can better manage rising health care costs and take proactive cost-saving measures on behalf of their employees. Additional information on Benefitplace Health Insights can be found here.
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Benefitfocus (NASDAQ: BNFT) is a cloud-based benefits administration technology company committed to helping our customers, and the people they serve, get the most out of their health care and benefit programs. Through exceptional service and innovative SaaS solutions, we aim to be the safest set of hands for our customers helping to simplify the complexity of benefits administration while delivering an experience that engages people and unlocks the potential for better health and improved outcomes. Our mission is simple: to improve lives with benefits. Learn more at www.benefitfocus.com, LinkedIn and Twitter.
Media Contact: | https://www.eagletribune.com/region/benefitfocus-enhances-health-insights-platform-to-include-claims-audit-and-recovery-services/article_e78df53d-42c4-5228-9f42-9d26d8ac838f.html | 2022-07-28T21:27:09Z | https://www.eagletribune.com/region/benefitfocus-enhances-health-insights-platform-to-include-claims-audit-and-recovery-services/article_e78df53d-42c4-5228-9f42-9d26d8ac838f.html | true | 3 |
Florida residents and businesses likely will continue to feel the sting of high natural-gas prices when they pay electric bills next year.
Florida Power & Light, Duke Energy Florida and Tampa Electric Co. estimated in regulatory filings Wednesday that they will spend nearly $3.4 billion more on power-plant fuel this year than had been expected.
While it is too early to know exactly how that will affect customers, utilities generally are allowed to recoup their fuel costs. As a result, the companies likely will seek to collect the money on customers’ bills next year — along with whatever the costs will be for fueling power plants in 2023.
Florida utilities are heavily dependent on natural gas and have grappled for months with high gas prices. FPL, for example, said in a document filed in April at the Florida Public Service Commission that natural-gas prices were significantly higher than expected.
“The natural gas market has not stabilized in the intervening three months,” FPL said in its filing Wednesday at the commission. “In fact, market conditions have grown even more volatile since then.”
Each year, electric utilities go before the commission with projections of what their fuel costs will be in the coming year. The commission then sets the amounts that utilities will be able to collect from customers over the coming year.
If, during the course of the year, costs are substantially higher than expected, utilities can seek what are known as “mid-course corrections” that allow them to increase the amounts that customers pay. FPL, Duke and Tampa Electric each received such a mid-course correction after the 2022 amounts were set.
But the filings Wednesday indicate the projections used in the mid-course corrections fell far short of actual costs.
FPL estimated it will have an “under-recovery” of $1,658,287,443 this year, while Duke projected its under-recovery at $1,308,956,670 and Tampa Electric came in at $411,964,625, according to the filings.
“The primary reason for the expected 2022 under-recovery is a substantial increase in the price of natural gas, compared to the company’s original 2022 mid-course projection,” W. Ashley Sizemore, a Tampa Electric official, said in written testimony that was part of the company’s Wednesday filing.
The utilities face a Sept. 2 deadline to file projected fuel costs for 2023. The commission is scheduled to hold a hearing that will start Nov. 1 on the amount of costs that will be passed on to consumers next year.
FPL suggested in the filing Wednesday that its under-recovered 2022 costs should not be considered during the November hearing. It said it would like the commission to consider the costs near the end of 2022 or early in 2023, “based on an updated calculation.”
A report this month by the U.S. Energy Information Administration said natural-gas prices rose steadily from January through May, before declining in June. It pointed to a combination of reasons for price volatility, including “uncertainty in the global natural gas markets leading up to and following Russia’s full-scale invasion of Ukraine on Feb. 24, as well as from weather-related fluctuations in natural gas demand.” | https://www.wuwf.org/florida-news/2022-07-28/high-fuel-costs-continue-to-hit-utilities | 2022-07-28T21:29:43Z | https://www.wuwf.org/florida-news/2022-07-28/high-fuel-costs-continue-to-hit-utilities | true | 4 |
SALINAS, Calif., July 28, 2022 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited earnings results for the second quarter 2022. Net income for the quarter ended June 30, 2022, was $1.5 million representing an increase of 36% or $407 thousand over the quarter ended March 31, 2022. Earnings per share for the quarter were $0.38 compared with $0.28 prior quarter.
SECOND QUARTER HIGHLIGHTS:
- Core Loan growth, excluding PPP, from the second quarter of 2022 vs. second quarter 2021 was $87.6 million or 30%.
- Non-Performing loans to total loans for the quarter ended June 30, 2022, was 0.06% compared to 0.29% as of June 30, 2021.
- Year to date net income as of June 30, 2022, was $2.7 million. Basic earnings per share of $0.67 for the six months ended June 30, 2022.
- Net income for the quarter ended June 30, 2022, was $1.5 million representing an increase of 36% or $407 thousand over the quarter ended March 31, 2022 and 39% or $433 thousand increase from the second quarter ended June 30, 2021.
- Basic earnings per share of $0.38 for the three months ended June 30, 2022, compared to $0.28 for the prior quarter and $0.28 for the same period in 2021.
Noting positive results for the quarter, Anker Fanoe, President and Chief Executive Officer, stated "An increase in interest earning assets of core loans and investments, along with PPP forgiveness in the second quarter, resulted in noteworthy net income in an unpredictable economic environment."
As of June 30, 2022, total assets were $502.9 million. Since March 31, 2022, total assets have increased $20.6 million or 4.3%, and since June 30, 2021, total assets have increased by $25.7 million or 5.4%.
Total gross loans outstanding were $380 million as of June 30, 2022, which includes $4.8 million in Paycheck Protection Program (PPP) loans. This exceeded gross loan balances at June 30, 2021 by $17.3 million representing an increase of 4.8% year-over-year. In the second quarter, since March 31, 2022, the Bank's core loan portfolio, excluding PPP, increased by $27.5 million or 7.9%. "Positive core loan growth continues as our team works closely with clients. Credit quality remains strong and the Bank has continued strong deposit balances," shared Sandi Eason, Executive Vice President and Chief Operating Officer.
As of June 30, 2022, total deposits were $437.7 million compared with total deposits of $418.8 million at March 31, 2022, representing an increase of $18.8 million, or 4.5% during the second quarter of 2022. Total deposits have increased by $4.5 million or 1% compared to June 30 of the prior year.
Shareholder Equity was $45.6 million at June 30, 2022, representing growth of $4 million, or 9.7% over a year ago, related to increased retained earnings. The Company's subsidiary, Pacific Valley Bank equity increased to $60.8 million at June 30, 2022 compared to $59.16 million at March 31, 2022. The Bank is considered to be well capitalized and its Capital Ratios exceed regulatory minimums.
Net Interest Income was $4.9 million and $4.0 million for the quarters ending June 30, 2022 and June 30, 2021, respectively. The annualized net interest margin for the second quarter 2022 equated to 4.37% compared with 3.65% for the second quarter of 2021. The Company has maintained consistent net interest margin over the past two years, in part due to the Bank's participation in the PPP Program which allowed for short-term forgivable loans with an interest rate of 1.00%. While the origination of PPP loans has applied downward pressure to net interest margin, the PPP loans originated in the first round during 2020 and the second round in 2021 have had a significant impact on the Bank's financial statements. During the second quarter of 2022, the Bank recognized approximately $1 million in deferred fees realized from forgiven PPP loans originated during the program.
For the three months ended June 30, 2022, the Provision for Loan Losses was $0 compared with $0 provision expense for the same period ending June 30, 2021. Allowance for Loan Losses is approximately 1.5% of total loans, excluding PPP, as of June 30, 2022. Credit quality has continued to improve, non-performing loans to total loans for the quarter ended June 30, 2022 was 0.06% compared to 0.29% as of June 30, 2021.
For the quarter ended June 30, 2022, Non-Interest Income was $366 thousand compared with $285 thousand for the same period of 2021, representing an increase of 28%, primarily related to service charges on deposit accounts.
Operating expenses were $3.2 million for the second quarter of 2022, a decrease of $135 thousand, or 4%, over the quarter ended March 31, 2022.
ABOUT PACIFIC VALLEY BANK:
Pacific Valley Bancorp completed its formation and reorganization as a bank holding company for Pacific Valley Bank on January 4, 2022. The Company is a registered bank holding company with the Federal Reserve Bank, but it has not registered its securities under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, and it therefore does not file periodic reports with the Securities and Exchange Commission.
Pacific Valley Bank is a full service business bank that commenced operations in September 2004 to provide exceptional service to customers in Monterey County. Pacific Valley Bank operates business at three locations; administrative headquarters and branch offices in Salinas, King City and Monterey, California. The Bank offers a broad range of banking products and services, including credit and deposit services to small and medium sized businesses, agriculture related businesses, non-profit organizations, professional service providers and individuals.
For more information, visit www.pacificvalleybank.com.
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. Accordingly, readers should not place undue reliance on these forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions in all areas in which the Company conducts business, including the competitive environment for attracting loans and deposits; supply and demand for real estate and periodic deterioration in real estate prices and/or values in California or other states where we lend; changes in the financial performance and/or condition of our borrowers, depositors, key vendors or counterparties; changes in our levels of delinquent loans, nonperforming assets, allowance for loan losses and charge-offs; the effect of changes in laws and regulations, including accounting practices; changes in estimates of future reserve requirements and minimum capital requirements based upon periodic review thereof under relevant regulatory and accounting requirements; fluctuations in the interest rate and market environment; cyber-security threats, including the loss of system functionality, theft, loss of customer data or money; technological changes and the expanding use of technology in banking; the costs and effects of legal, compliance and regulatory actions; acts of war or terrorism, or natural disasters; and other factors beyond the Company's control. These forward-looking statements, which reflect management's views, are as of the date of this release. Pacific Valley Bancorp has no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
Contact
Anker Fanoe, Chief Executive Officer (831) 771-4384
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SOURCE Pacific Valley Bancorp | https://www.nbc11news.com/prnewswire/2022/07/28/pacific-valley-bancorp-announces-its-second-quarter-2022-financial-results/ | 2022-07-28T21:30:52Z | https://www.nbc11news.com/prnewswire/2022/07/28/pacific-valley-bancorp-announces-its-second-quarter-2022-financial-results/ | false | 11 |
WILMINGTON, Del. (AP) _ Chemours Co. (CC) on Thursday reported second-quarter net income of $201 million.
On a per-share basis, the Wilmington, Delaware-based company said it had profit of $1.26. Earnings, adjusted for non-recurring costs, came to $1.89 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The chemical company posted revenue of $1.92 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.82 billion.
Chemours shares have climbed 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $34.90, a rise of 7% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CC at https://www.zacks.com/ap/CC | https://www.theridgefieldpress.com/business/article/Chemours-Q2-Earnings-Snapshot-17336397.php | 2022-07-28T21:32:40Z | https://www.theridgefieldpress.com/business/article/Chemours-Q2-Earnings-Snapshot-17336397.php | false | 21 |
The worst is true: Horses cost a ridiculous amount of money to keep. Even when they don’t intend to hurt you, they can. (When I say “hurt,” what I really mean is they can kill you.) And even though civilization itself could not have been forged without their strength and endurance, today they don’t serve many practical purposes (unless you’re Amish).
And yet.
Has any of this stopped me from organizing my entire life around these four-legged wonders, these majestic creatures?
I think you know where this is going.
An editor at a fancy publishing house once sent back an essay I had written. How, she demanded to know, could I have possibly grown up owning horses if I was indeed raised in a trailer by a single mother and grandmother in the wilds of New Mexico? (Never mind the fact that this big-city lady had no concept of rural life nor the fact that a lot of Americans manage to have horses without belonging to aristocratic hunt clubs and such.)
I told her three words made it possible: Sacrifice. Determination. Delusion.
Some little girls seem to be born loving horses even when nobody in their family has any connection to them. But me, I always felt that I inherited my bone-deep love of them the same way I got my blue eyes and lumpy thighs – passed down from one generation to the next. My grandmother was an equestrian, as was my mother, and my rancher uncle made sure I had my first pony by the time I was five. But I had already been galloping around the living room on hobby horses as soon as I could walk.
Buying a horse is a huge expense for any single mother but especially for my mother, who had been left bankrupt by a man she married when I was seven. She co-signed a loan he needed to start a flower shop; I still believed in Santa but even I wasn’t surprised when this guy left with somebody else, taking with him the small amount of money she had inherited from a relative. Lucky for me, getting a horse could be free if you took the ones nobody else wanted, or could handle. “Well darlin’, if you can catch him, you can have him,” is the way it usually went.
Feeding them, stabling them, buying tack (saddles and bridles), getting them shod, paying vet bills – now that is the endless, gaping maw that eats all your Benjamins.
A daughter with a horse is like having a daughter plus the responsibility of an extra child who will never grow up and get a job. Yet for me, not having a horse was never even discussed. Mom took all the double shifts at the hospital and weekend side jobs she could. It was always death-do-us-part. I sometimes wonder if she wanted to give me something as big, strong and reliable as a horse because she so desperately wanted to provide a caring father in my life but could never secure one.
This is how I measured the commitment Mom had to me having horses: She wore the same pair of black cowboy boots from the time I entered elementary school until I started college. She never bought herself anything on our spending sprees at the TG&Y, but instead waited until my aunt cleaned out her closet and shipped the castoffs in cardboard boxes. Our ’67 station wagon doubled as a truck, hauling hay bales and grain sacks; she kept it running with bailing wire until 1982 when she hit a pothole going 25 miles an hour and the rusted frame cracked.
Still, Mom made sure I had riding lessons from the time I was old enough to sit on a horse.
What I am trying to tell you is that when people talk about “family values,” mine have four legs and eat alfalfa. I have kept true to them all my life, and it has been one of the reasons I’ve called Southern California home for so long.
Even in the midst of high-rises, you can feel the agrarian roots of this region, finding dedicated pockets of horse communities sprinkled far and wide, from the stables of L.A.’s Atwater Village smashed up against the 5 Freeway, to the cowboy wonderland of Norco in Riverside County, to the elegant jumping arenas of San Juan Capistrano – and dozens more. While my friends were buying nice suburban homes, I was still renting any rattrap near a barn just so I could keep arranging my days around my afternoon ride.
I have so many times traded great career opportunities in big cities like Paris and New York for the feeling of constant, true partnership with another living thing, and for the feeling of being connected to the natural world. For a horse’s sweet breath and the sleek summer coat on a bay, a gray, a chestnut.
I’m married now and settled in Orange Park Acres, an equestrian community full of bridle paths in Orange County that dates back to 1928. Our place is small and old, but boasts the all-important stalls and a paddock out back. I said “I do” to the rare man who understands why I would give “my kingdom for a horse,” to quote Shakespeare’s “Richard III.” We’re raising a son who knows what it means to muck a stall and feed the animals in the morning, who understands that the happiness and well-being of another creature depend on his help and care.
In today’s world, finding a sense of responsibility and interconnectedness is elusive. It’s also easy to forget to feel awe and humility – feelings I have every day when I look at something as grand as a horse. I sometimes think I have measured out my life in trots and canters. And I would do it all again. | https://www.dailybreeze.com/2022/07/28/the-emotional-reasons-one-woman-has-centered-her-life-around-horses/ | 2022-07-28T21:34:00Z | https://www.dailybreeze.com/2022/07/28/the-emotional-reasons-one-woman-has-centered-her-life-around-horses/ | true | 11 |
AUSTIN, Texas (AP) _ Digital Realty Trust Inc. (DLR) on Thursday reported a key measure of profitability in its second quarter. The results fell short of Wall Street expectations.
The Austin, Texas-based real estate investment trust said it had funds from operations of $451.9 million, or $1.55 per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.64 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $53.2 million, or 19 cents per share.
The real estate investment trust posted revenue of $1.14 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $1.16 billion.
Digital Realty Trust expects full-year funds from operations in the range of $6.95 to $7.05 per share, with revenue in the range of $4.65 billion to $4.75 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLR at https://www.zacks.com/ap/DLR | https://www.ctpost.com/business/article/Digital-Realty-Trust-Q2-Earnings-Snapshot-17336319.php | 2022-07-28T21:35:40Z | https://www.ctpost.com/business/article/Digital-Realty-Trust-Q2-Earnings-Snapshot-17336319.php | true | 601 |
Among the beach-goers on one of the hottest days of the summer yesterday was one of Saysutshun’s blonde raccoons.
Marian Stewart, a resident of Nanaimo’s Protection Island, and her partner had crossed over to scrape the bottom of their boat, and spotted the raccoon north of Midden Bay in the mid afternoon Wednesday, July 27.
“Mom came down with three of her babies. She was completely blonde and those are dark little babies,” Stewart said.
The genetic trait has been passed down over the years among Saysutshun’s raccoon population. Stewart said in the mid ’80s she had a huge white raccoon on her roof on Protection Island, and has seen blonde raccoons three or four times over the past 35 years.
According to a traditional story posted on Saysutshun’s official website, a cormorant, otter and raccoon conspired to steal a coho salmon at a feast, but were caught by the eagle, who started handing out punishments.
“As each one was getting in trouble, Raccoon became more and more afraid of what was going to happen to him because he had planned the whole idea and … became so afraid he turned white,” the story noted.
To read the story, visit http://newcastleisland.ca/culture-and-history. For more information about visiting Saysutshun, visit http://newcastleisland.ca.
READ ALSO: Blonde raccoons remain elusive on Newcastle Island
READ ALSO: On this island, even bandits prefer blondes
editor@nanaimobulletin.com
Like us on Facebook and follow us on Twitter | https://www.kimberleybulletin.com/news/island-dwelling-blonde-raccoon-hits-the-beach-on-hot-summer-day-in-b-c/ | 2022-07-28T21:37:12Z | https://www.kimberleybulletin.com/news/island-dwelling-blonde-raccoon-hits-the-beach-on-hot-summer-day-in-b-c/ | false | 12 |
ISTANBUL, Turkiye–(BUSINESS WIRE)–#CTBIT—Star Apple Labs Limited, a DAO (Decentralized Autonomous Organization), announced the issuance of the MNA tokens. These tokens are created on blockchain technology with an aim to solve the irrationality and inefficiency of the M&A market. People are aware of the ever-growing potential of the M&A market. However, with growth comes risks minimizing the efficiency and success rate of M&A deals.
An official representative of Star Apple said, “We are delighted to enter the cryptocurrency exchange market. We want to achieve 100% transparency, reduce trust issues and attain cost reduction in all M&A deals. MNA Token is created to help companies conduct easy merger and acquisition processes. Our vision is to become a global exchange by creating a healthy cryptocurrency ecosystem.”
Creators claim that to start with, MNA tokens will be used in corporate M&As, but the future goal is also to tokenize bonds, artworks, real estate, copyrights, and patents in the future, starting with corporate M&A.
CTBIT Exchange is a global virtual asset exchange that is scheduled to open soon in Turkey. As a professional cryptocurrency exchange, they are packed with some exciting features such as copy trading, system trading, and futures trading. They also exhibit an NFT marketplace where dividends are paid with exchange coins when setting up NFT product sales.
In order to reap the benefits of the synergy between MNA tokens and blockchain exchanges, Star Apple invested in CTBIT. By investing CTBIT, Star Apple aims not only to conduct extensive R&D on tokens but also to list their MNA tokens on the exchange. If the MNA token lists on its own exchange successfully, the probability of being listed on major exchanges around the world, such as Binance, Coinbase, and Bitget, is expected to be increased.
The official from Star Apple also said that through this investment, they would continue to research and develop blockchain technology and collaborate to expand the latest service products such as NFT (Non-Fungible Token) and DeFi. In addition, they will put their best foot forward to bring forth customer satisfaction and include various investment choices for MNA token holders and CTBIT users.
Due to the recent coin price drop, more and more companies are going bankrupt as there is a lack of liquidity in funds. However, Star Apple is among those companies that looked for opportunities to expand their business amidst these hurdles. In the past, when the dot-com bubble burst, many IT companies disappeared, but eventually, companies such as Google and Amazon emerged. As the saying goes, “TOO BIG TO FAIL,” it is worth waiting to witness whether Star Apple’s investment of CTBIT can help them overcome this market situation and pave the way to becoming a leading blockchain company.
Contacts
Media Contacts
Star Apple Labs Limited
Shirley Sabia
+90 242 501 8481
info@starapplemna.com | https://www.01net.it/mna-token-issuer-star-apple-invests-in-ctbit-crypto-exchange/ | 2022-07-28T21:37:40Z | https://www.01net.it/mna-token-issuer-star-apple-invests-in-ctbit-crypto-exchange/ | true | 2 |
Emma Raducanu's new coach drops hint on what to expect ahead of US Open partnership
EMMA RADUCANU has teamed up with a new coach as she prepares to defend her US Open title next month.
Wimbledon: Emma Raducanu exits on day three of tournament
Emma Raducanu's new coach, Dmitry Tursunov, has insisted that he will be working tirelessly to improve her game after teaming up with the teenage Brit earlier this week. Raducanu had been without a coach since parting ways with Torben Beltz back in April but has decided to partner with Tursunov as she prepares to defend her US Open title over the coming weeks.
Tursunov will be by Raducanu's side when she returns to action next week at the Citi Open in the United States after crashing out of Wimbledon in the second round earlier this month. He is already drawing up a plan of action that he is hoping will aid Raducanu's game and recently insisted that clear communication and the ability to find a common ground is always crucial in any working relationship between a player and their coach.
"You need to have the other person agree with the process, and you have to find better ways of communicating and getting your point across," said Tursunov in an interview with tennis.com.
"And, of course, players are quite sensitive. They're one of the best in their fields. It's about showing them they have room to improve."
JUST IN: Nadal criticised for 'digusting' traits despite being likeable player
Raducanu will be desperately hoping that Tursunov will be able to prove that he is the right coach for her as they get to work over the next few weeks ahead of the US Open, which is set to get underway in late August. She has struggled to find a long-term coaching setup in the months since winning at Flushing Meadows last year and was recently urged to seek out the perfect supporting team by seven-time Grand Slam champion John McEnroe.
"No one wins a major if they are not a great player and, hopefully, she has belief, but a lot has changed for her since then," said McEnroe following Raducanu's previous split with Beltz.
"I’m not close to her. In fact. As a matter of fact, I’ve never spoken to her, I hope to have the opportunity soon because she is obviously a breath of fresh air. She is a very sweet girl, a beautiful girl, and plays great tennis, what’s not to like?
"It has been hard to watch her struggling, but I don’t know if she needs time. She needs the right stability and people around her, and I don’t know what’s going on there.
"You don’t go through a tournament where you don’t lose a single set, and beat some of the top female players, and not be a great player."
FOLLOW OUR NEW DAILY EXPRESS SPORT INSTAGRAM PAGE | https://www.express.co.uk/sport/tennis/1647539/Emma-Raducanu-new-coach-drops-hint-US-Open-tennis-news | 2022-07-28T21:40:15Z | https://www.express.co.uk/sport/tennis/1647539/Emma-Raducanu-new-coach-drops-hint-US-Open-tennis-news | false | 1 |
2022-2027 Global and Regional Indoor Sports Floors Industry Status and Prospects Professional Market Research Report Standard Version
The global Indoor Sports Floors market is expected to reach US$ XX Million by 2027, with a CAGR of XX% from 2022 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
By Market Verdors:
Coswick Hardwood
Plyboo
Spacva
Thornton Sports
Polytan Sportstättenbau
Remp Rubber Flooring
Flexco
GameCourts.Com
GEOPLAST
Graboplast
Isolgomma
Beka Sport
Bergo Flooring
Conica
AREA CUBICA
Artimex Sport
KRAIBURG Relastec
LIMONTA SPORT
MONDO
No Fault
Polyflor
Responsive Industries
Robbins Performing Arts
Vesmaco
By Types:
Plastic Floor
Wooden Floor
Synthetic Floor
Rubber Floor
Epoxy Floor
Others
By Applications:
Basketball
Tennis
Volleyball
Badminton
Others
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.
Table of content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.4.1 North America Market States and Outlook (2022-2027)
1.4.2 East Asia Market States and Outlook (2022-2027)
1.4.3 Europe Market States and Outlook (2022-2027)
1.4.4 South Asia Market States and Outlook (2022-2027)
1.4.5 Southeast Asia Market States and Outlook (2022-2027)
1.4.6 Middle East Market States and Outlook (2022-2027)
1.4.7 Africa Market States and Outlook (2022-2027)
1.4.8 Oceania Market States and Outlook (2022-2027)
1.4.9 South America Market States and Outlook (2022-2027)
1.5 Global Indoor Sports Floors Market Size Analysis from 2022 to 2027
1.5.1 Global Indoor Sports Floors Market Size Analysis from 2022 to 2027 by Consumption Volume
1.5.2 Global Indoor Sports Floors Market Size Analysis from 2022 to 2027 by Value
1.5.3 Global Indoor Sports Floors Price Trends Analysis from 2022 to 2027
1.6 COVID-19 Outbreak: Indoor Sports Floors Industry Impact
Chapter 2 Global Indoor Sports Floors Competition by Types, Applications, and Top Regions and Countries
2.1 Global Indoor Sports Floors (Volume and Value) by Type
2.1.1 Global Indoor Sports Floors Consumption and Market Share by Type (2016-2021)
2.1.2 Global Indoor Sports Floors Revenue and Market Share by Type (2016-2021)
2.2 Global Indoor Sports Floors (Volume and Value) by Application
2.2.1 Global Indoor Sports F
CONTACT US:
North Main Road Koregaon Park, Pune, India – 411001.
International: +1(646)-781-7170
Asia: +91 9169162030
Visit: https://www.24chemicalresearch.com/ | https://galleonnews.com/uncategorized/412033/2022-2027-global-and-regional-indoor-sports-floors-industry-status-and-prospects-professional-market-research-report-standard-version/ | 2022-07-28T21:41:23Z | https://galleonnews.com/uncategorized/412033/2022-2027-global-and-regional-indoor-sports-floors-industry-status-and-prospects-professional-market-research-report-standard-version/ | true | 3200 |
IOWA CITY, Iowa (AP) _ MidWestOne Financial Group Inc. (MOFG) on Thursday reported second-quarter net income of $12.6 million.
The bank, based in Iowa City, Iowa, said it had earnings of 80 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The holding company for MidWestOne Bank posted revenue of $57.1 million in the period. Its revenue net of interest expense was $52.1 million, exceeding Street forecasts.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOFG at https://www.zacks.com/ap/MOFG | https://www.lmtonline.com/business/article/MidWestOne-Q2-Earnings-Snapshot-17336418.php | 2022-07-28T21:44:02Z | https://www.lmtonline.com/business/article/MidWestOne-Q2-Earnings-Snapshot-17336418.php | false | null |
WFO BINGHAMTON Warnings, Watches and Advisories for Thursday, July 28, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Binghamton NY
452 PM EDT Thu Jul 28 2022
...Strong thunderstorms will impact portions of south central
Delaware, Sullivan, northern Lackawanna, Wayne and northwestern Pike
Counties through 530 PM EDT...
At 452 PM EDT, Doppler radar was tracking strong thunderstorms along
a line extending from near Jeffersonville to Archbald. Movement was
east at 30 mph.
HAZARD...Wind gusts up to 40 mph.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects.
Locations impacted include...
Fallsburg, Carbondale, Archbald, Monticello, Blakely, Dickson City,
Olyphant, Clarks Summit, Lackawaxen and Blooming Grove.
This includes the following highway exits...
Interstate 86/Route 17 between 96 and 104.
Pennsylvania Interstate 81 between 194 and 199.
Interstate 84 between 26 and 30.
Interstate 476 near 131.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
A Severe Thunderstorm Watch remains in effect until 800 PM EDT for
central New York...and northeastern Pennsylvania.
LAT...LON 4177 7455 4132 7518 4150 7576 4164 7554
4164 7547 4170 7546 4194 7510 4190 7450
4188 7446
TIME...MOT...LOC 2052Z 291DEG 26KT 4184 7498 4149 7552
MAX HAIL SIZE...0.00 IN
MAX WIND GUST...40 MPH
NY
. NEW YORK COUNTIES INCLUDED ARE
ALBANY CLINTON COLUMBIA
DELAWARE DUTCHESS ESSEX
FRANKLIN GREENE OTSEGO
RENSSELAER ST. LAWRENCE SARATOGA
SCHENECTADY SCHOHARIE SULLIVAN
ULSTER WARREN WASHINGTON
_____
Copyright 2022 AccuWeather | https://www.registercitizen.com/weather/article/NY-WFO-BINGHAMTON-Warnings-Watches-and-17336396.php | 2022-07-28T21:44:14Z | https://www.registercitizen.com/weather/article/NY-WFO-BINGHAMTON-Warnings-Watches-and-17336396.php | true | 10 |
DETROIT (AP) — A Detroit firefighter was rescued Thursday after being trapped in a burning vacant home that collapsed, officials said.
Two firefighters originally were trapped in the structure on the city's east side but one was freed quickly, said James Harris, a Detroit Fire Department spokesman.
At least five other firefighters were taken to a hospital for smoke inhalation, heat-related complaints and other injuries, Harris said. Their medical conditions were not immediately available.
Other details on the collapse and fire were not immediately available, Harris said.
Television footage from the scene showed groups of firefighters working to clear debris and the trapped firefighter being freed after an hour and placed on a stretcher. | https://www.lakecountystar.com/news/article/Detroit-firefighter-rescued-from-collapsed-home-17336213.php | 2022-07-28T21:44:25Z | https://www.lakecountystar.com/news/article/Detroit-firefighter-rescued-from-collapsed-home-17336213.php | false | null |
Storm Prediction Ctr, Norman, OK Warnings, Watches and Advisories for Thursday, July 28, 2022
_____
SEVERE THUNDERSTORM WATCH
SEVERE THUNDERSTORM WATCH OUTLINE UPDATE FOR WS 505
NWS STORM PREDICTION CENTER NORMAN OK
403 PM EDT THU JUL 28 2022
SEVERE THUNDERSTORM WATCH 505 REMAINS IN EFFECT UNTIL 800 PM EDT
FOR THE FOLLOWING LOCATIONS
NY
. NEW YORK COUNTIES INCLUDED ARE
ALBANY CLINTON COLUMBIA
DELAWARE DUTCHESS ESSEX
FRANKLIN FULTON GREENE
HAMILTON HERKIMER MONTGOMERY
OTSEGO RENSSELAER ST. LAWRENCE
SARATOGA SCHENECTADY SCHOHARIE
SULLIVAN ULSTER WARREN
WASHINGTON
...A SEVERE THUNDERSTORM WARNING REMAINS IN EFFECT UNTIL 415 PM EDT
FOR CENTRAL SCHOHARIE COUNTY...
At 405 PM EDT, a severe thunderstorm was located over Breakabeen, or
9 miles south of Cobleskill, moving east at 35 mph.
HAZARD...60 mph wind gusts and penny size hail.
SOURCE...Radar indicated.
IMPACT...Expect damage to roofs, siding, and trees.
Locations impacted include...
Cobleskill, Middleburgh, Schoharie, Richmondville, Livingstonville,
North Blenheim, Breakabeen, Huntersland, Warnerville, Old Stone Fort,
Broome Center, West Fulton, Vintonton, Mineral Springs, Barnerville,
Howes Cave, Eminence, Housons Corners, Beards Hollow and Watsonville.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
For your protection move to an interior room on the lowest floor of a
building.
_____
Copyright 2022 AccuWeather | https://www.theridgefieldpress.com/weather/article/NY-Storm-Prediction-Ctr-Norman-OK-Warnings-17336122.php | 2022-07-28T21:45:34Z | https://www.theridgefieldpress.com/weather/article/NY-Storm-Prediction-Ctr-Norman-OK-Warnings-17336122.php | false | 11 |
SAN DIEGO, July 28, 2022 /PRNewswire/ -- Realty Income Corporation (Realty Income,NYSE: O), The Monthly Dividend Company®, today announced that it has established a $1.5 billion European commercial paper program (the "program"). The company now has a combined $3.0 billion of commercial paper capacity, including its recently upsized $1.5 billion U.S. commercial paper program.
Under the terms of the program, the company may issue and have outstanding at any time unsecured commercial paper notes, issuable in U.S. Dollars or other foreign currencies, up to a maximum aggregate amount outstanding of $1.5 billion (or its foreign currency equivalent). The notes will be sold under customary terms in the European commercial paper note market and will rank pari passu with all of the company's other unsecured senior indebtedness, including the company's outstanding senior notes and its U.S. commercial paper program, borrowings under the company's multicurrency revolving credit facility and term loan. The company intends to use proceeds from notes issued pursuant to the program for general corporate purposes. The company expects to use its $4.25 billion multicurrency revolving credit facility as a liquidity backstop for the repayment of the notes issued under the program and the U.S. commercial paper program.
The notes to be offered under the European commercial paper program have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes under the company's European commercial paper note program.
About Realty Income
Realty Income, The Monthly Dividend Company®, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats® index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 11,200 real estate properties owned under long-term net lease agreements with commercial clients. To date, the company has declared 625 consecutive common stock monthly dividends throughout its 53-year operating history and increased the dividend 116 times since Realty Income's public listing in 1994 (NYSE: O). Additional information about the company can be obtained from the corporate website at www.realtyincome.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this press release, the words "estimated," "anticipated," "expect," "believe," "intend," and similar expressions are intended to identify forward-looking statements. Forward-looking statements also include discussions of future operations and results, strategy, plans, or intentions of management and the program. Forward-looking statements are subject to risks, uncertainties, and assumptions about us, which may cause our actual future results to differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our continued qualification as a real estate investment trust; general domestic and foreign business and economic conditions; competition; fluctuating interest and currency rates; access to debt and equity capital markets; continued volatility and uncertainty in the credit markets and broader financial markets; other risks inherent in the real estate business including our clients' defaults under leases, potential liability relating to environmental matters, illiquidity of real estate investments, and potential damages from natural disasters; impairments in the value of our real estate assets; changes in income tax laws and rates; the continued evolution of the COVID-19 pandemic and the measures taken to limit its spread, and its impacts on us, our business, our clients, or the economy generally; the timing and pace of reopening efforts at the local, state and national level in response to the COVID-19 pandemic and developments, such as the unexpected surges in COVID-19 cases, that cause a delay in or postponement of reopenings; the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; any effects of uncertainties regarding whether the anticipated benefits or results of our merger with VEREIT, Inc. will be achieved; and those additional risks and factors discussed in our reports filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Those forward-looking statements are not guarantees of future plans and performance and speak only as of the date of this press release. Actual plans and operating results may differ materially from what is expressed or forecasted in this press release. We do not undertake any obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.
SOURCE Realty Income Corporation | https://www.prnewswire.com/news-releases/realty-income-announces-1-5-billion-euro-commercial-paper-program-301595699.html | 2022-07-28T21:46:11Z | https://www.prnewswire.com/news-releases/realty-income-announces-1-5-billion-euro-commercial-paper-program-301595699.html | true | 36 |
*SPOILERS AHEAD*
Emily Biberly and Cobie Blaze are a few days away from getting married on the groom’s 90th day, but does that mean they stayed together in 2022 after the show stopped filming? 29-year-old Emily from Kansas met 34-year-old Kobi from Cameroon during a wild party. One thing led to another, and Kobi proposed to Emily in Xi’an, China. One day Emily started throwing up, so she did some pregnancy tests. She discovered she was pregnant with her first child, and Kobi was thrilled to hear the news. Unfortunately, Kobi was not around when Emily gave birth to Koban in 2019, as he had to return to Douala, and she returned to the USA.
Being away from Kobe was heartbreaking for Emily, as she and the child could not see him for two years due to travel restrictions caused by the COVID-19 pandemic. When Koban turned 17 months old, Kode finally arrived in the United States. However, their reunion brought a new set of challenges for the couple of 90-day-old grooms. Kobi disagreed with Emily’s parenting choices, such as breastfeeding, and she forced him to sleep in another bedroom so he wouldn’t disrupt their son’s sleep schedule. Emily also insulted Kobe several times, not allowing him to drive a car or buying herself an engagement ring. Kobi’s culture demands that he be the head of the family, while Emily wants to control everything.
Related to this: Which of the actors of the 9th season of the series “90-day groom” became heroes and villains
Amid all this drama, Emily also found out that she was pregnant again with her second child with Kobi. Emily accused Kobe of advising her to stop taking birth control, while he defended his decision, saying that he knew women who later had difficulty conceiving because of it. On the other hand, Kobi made a bet on the “pulling” method, which clearly failed. The couple was recently photographed in New York when they were there to shoot the season 9 episode of the 90-Day Groom “Tell-All” in mid-June. A video was posted on the @Fraudedmedia Instagram account claiming that Emily did not “hit and throw” with Kobi, since the couple now have another child, who is about three to four months old.
View this post on Instagram
A post posted by Katrina (@fraudedmedia)
In the photos provided by an anonymous TLC viewer, Kobi and Emily were with their little girl and appeared to be walking with co-stars in the 90-day Fiance season 9 movie, Kara Bass and Guillermo Rojer, who are reportedly about to give birth to a baby. This observation not only confirmed that Kobe and Emily are together, but their current relationship status was revealed as a spoiler before fans saw them take a pregnancy test on the show. On July 11, both Emily and Kobe showed fans sonographic photos of their newborn baby before her presentation at the premiere of the 9th season of the 90-day Groom “Tell-All”.
In the series, Emily and Kobi feuded after she found out that he had told his friend Temperament about her pregnancy, even though it was supposed to be a secret. Emily realized that Kobe wasn’t happy in Kansas, and was furious when she found out that he was looking for a one-bedroom apartment in Ohio. A small house with two children is not what Emily wants for her and Kobi. In addition, Emily came to the conclusion that Kobe would leave her when he was just hoping to find a job in Ohio with the help of his friends from Cameroon. Kobe doesn’t want Emily to doubt him, but since they’re still together, the 90-day-old groom couple eventually reconciled and reunited their family again. | https://www.somagnews.com/what-happens-to-emily-coby-after-the-90-day-season-of-the-bride-spoilers/ | 2022-07-28T21:47:10Z | https://www.somagnews.com/what-happens-to-emily-coby-after-the-90-day-season-of-the-bride-spoilers/ | false | 1 |
PLEASANTON, Calif. , July 28, 2022 /PRNewswire/ -- 10x Genomics, Inc. (NASDAQ: TXG), a life sciences leader focused on mastering biology to advance human health, today announced the company will be participating in the upcoming UBS Genomics 2.0 and MedTech Innovations Summit in Dana Point, California.
10x Genomics' management is scheduled to participate in a fireside chat on Thursday, August 11, at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time). Interested parties may access a live and archived webcast of the presentation on the "Investors" section of the company's website at: https://investors.10xgenomics.com/.
10x Genomics is a life science technology company building products to interrogate, understand and master biology to advance human health. Our integrated solutions include instruments, consumables and software for analyzing biological systems at a resolution and scale that matches the complexity of biology. 10x Genomics products have been adopted by researchers around the world including in all of the top 100 global research institutions as ranked by Nature in 2020 based on publications and all of the top 20 global pharmaceutical companies by 2020 research and development spend and have been cited in over 3,800 research papers on discoveries ranging from oncology to immunology and neuroscience. Our patent portfolio comprises more than 1,500 issued patents and patent applications.
10x Genomics uses filings with the Securities and Exchange Commission, its website (www.10xgenomics.com), press releases, public conference calls, public webcasts and its social media accounts as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Contacts
Investors: investors@10xgenomics.com
Media: media@10xgenomics.com
View original content to download multimedia:
SOURCE 10x Genomics, Inc. | https://www.fox8live.com/prnewswire/2022/07/28/10x-genomics-present-ubs-genomics-20-medtech-innovations-summit/ | 2022-07-28T21:47:10Z | https://www.fox8live.com/prnewswire/2022/07/28/10x-genomics-present-ubs-genomics-20-medtech-innovations-summit/ | true | 13 |
CHICAGO, July 28, 2022 /PRNewswire/ - Venzee Technologies Inc. (TSXV: VENZ) (OTCQB: VENZF) ("Venzee'' or the "Company"), the artificial intelligence ("AI") platform for product data, is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement offering (the "Offering") of unsecured convertible debentures ("Debentures"). The principal sum of Debentures issued in the first tranche totals CAD $175,000. The Company may close further tranches.
John Abrams, CEO of Venzee, said, "We deeply appreciate the continued support from our investors, who continue to see the progress and enormous potential of Venzee as the disruptive AI platform for transforming and optimizing supply chains."
The Debentures will have a maturity date of three (3) years from the date of issuance and shall bear interest at a rate of 5% per annum, payable every six (6) months. The principal sum of the Debentures, or any portion thereof, are convertible at the option of the holder, anytime after six (6) months, into debenture units (each, a "Debenture Unit") at CAD $0.05 per Debenture Unit for the first year. In subsequent years, the Debentures are convertible at the greater of $0.10 or Market Price. Each Debenture Unit consists of one common share (a "Share") and one common share purchase warrant (a "Warrant") with each Warrant exercisable at CAD $0.08 for 36 months from the date of issuance. The Warrants will also be subject to an acceleration clause whereby, in the event the volume weighted average trading price of the Company's shares trading on the TSX Venture Exchange (the "Exchange"), or any other stock exchange on which the Company's Shares are then listed, is equal to or greater than $0.25 for a period of 30 consecutive trading days, the Company will have the right, but not the obligation, to accelerate the expiry date of the Warrants by giving written notice to the holders that the Warrants will expire on a date that is not less than 30 days from the date of notice.
In connection with the Debenture Offering, the Company paid finder's fee to certain registered brokerage firms, which was comprised of cash payment of $14,000 and the issuance of 280,000 finders' warrants upon the same terms and conditions as the Warrants.
The Debentures, Debenture Units, Warrants and any Common Shares resulting from the conversion of the Debentures or the exercise of Debenture Warrants will be subject to a hold period of four months and one day after the date of issuance thereof. The Company intends to use the proceeds of the Debenture Offering for general working purposes.
Venzee (TSXV: VENZ) (OTCQB: VENZF) is the leading artificial intelligence platform for product data used by global brands to speed time to market and create competitive supply chain advantages. Venzee's intelligent platform automates inefficient last-mile retail processes with a frictionless, machine-driven solution for sending and receiving product data.
Venzee believes intelligent supply chain functionality is inevitable and will significantly benefit growers, makers, brands, sellers, regulators, and consumers. Venzee is building the foundation for a future where seamless, accurate, automated data flow simplifies processes, removes friction, and creates value for all those that rely on the myriad of data and information surrounding any product, anywhere.
Venzee unlocks shareholder value by carrying out its mission to create intelligent technology that removes friction from the global supply chain. Its Mesh Connector™ product disrupts and displaces inefficient manual processes in favor of integrated, machine-driven solutions.
To learn more about the Venzee platform, visit venzee.com
LinkedIn: linkedin.com/company/venzee-inc/
Podcast: https://www.rethinkingsupplychain.com/
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the terms of the Offering, the completion of the Offering and the expected use of the net proceeds received by the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's management's discussion and analysis for the year ended December 31, 2018, and the quarter ended August 29, 2019, which are available under the Company's SEDAR profile at www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.
The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.
Neither TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Venzee Technologies Inc. | https://www.prnewswire.com/news-releases/venzee-technologies-closes-first-tranche-of-convertible-debenture-financing-301595754.html | 2022-07-28T21:47:59Z | https://www.prnewswire.com/news-releases/venzee-technologies-closes-first-tranche-of-convertible-debenture-financing-301595754.html | false | 69 |
Massey, Delbert Jack, July 24 1926 - July 20, 2022.
He was the loving husband of Marilyn Massey for 44 years. With her he had 11 children and stepchildren, 21 grandchildren and 16 great-grandchildren.
He is survived by children, Patty (Steve) Lemmon, David (Linda), Brian, Richard (Diane) and Stuart Massey, and Laura (Gary) Gillespie; and his stepchildren, John (Joanie) and Jeff (Tina) Stauder, Margie (Ralph) Wasielewski, and Mary (Hank) Spencer. He was preceded in death by stepson and his wife, Jim and Nancy Stauder; and first wife, Mary (Files) Massey.
Del retired from Monsanto in 1986. He received a master of science in chemistry from the University of Georgia, was an avid player of bridge and tennis, enjoyed singing barbershop, and took to home computers from their very start. He was a long time Kirkwood area resident.
In lieu of flowers, memorial contributions may be made to American Cancer Society. | https://www.timesnewspapers.com/webster-kirkwoodtimes/delbert-jack-massey/article_cab99058-0e86-11ed-a7fb-abf0822ab0d9.html | 2022-07-28T21:50:25Z | https://www.timesnewspapers.com/webster-kirkwoodtimes/delbert-jack-massey/article_cab99058-0e86-11ed-a7fb-abf0822ab0d9.html | false | 1 |
Toronto, Ontario--(Newsfile Corp. - July 28, 2022) - Lorne Park Capital Partners Inc. (TSXV: LPC) ("LPCP") today announced that, pursuant to the terms and conditions of the Company's Employee Share Savings Plan, it has issued a total of 71,876 common shares of LPCP to eligible employees at a price of $1.20. Of these common shares, 25,616 were issued to certain directors and officers of the Company.
About Lorne Park Capital Partners Inc.
LPCP was created to bring together boutique investment management and wealth advisory firms in order to deliver robust, cost-effective investment solutions to affluent investors, foundations, estates and trusts. LPCP's unique strategy creates better alignment between investment managers and wealth advisors while providing them with additional resources to accelerate their growth.
For further information, please contact:
Robert Sewell
Chief Executive Officer
Lorne Park Capital Partners Inc.
investor.relations@lpcp.ca
(905) 337-2227
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "plan", and other similar expressions. Forward-looking information addresses possible future events, conditions and financial performance based upon management's current expectations, estimates, projections and assumptions. In particular, the forward-looking information contained in this news release reflects assumptions about the timing and results of the issuance of common shares of LPCP pursuant to the Employee Share Savings Plan. Management of LPCP considers the assumptions on which the forward-looking information contained herein are based to be reasonable. However, by its very nature, forward-looking information inherently involves known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such information. Such risks include, without limitation, changes in economic conditions, applicable laws or regulations. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. LPCP disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
/NOT FOR DISTRIBUTION IN THE UNITED STATES, ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132217 | https://www.finanznachrichten.de/nachrichten-2022-07/56672284-lorne-park-capital-partners-inc-announces-issuance-of-shares-pursuant-to-its-employee-share-savings-plan-296.htm | 2022-07-28T21:50:26Z | https://www.finanznachrichten.de/nachrichten-2022-07/56672284-lorne-park-capital-partners-inc-announces-issuance-of-shares-pursuant-to-its-employee-share-savings-plan-296.htm | true | 5 |
WASHINGTON, July 28, 2022 /PRNewswire/ -- NASA Administrator Bill Nelson released this statement Thursday following approval by the U.S. Congress for the NASA Authorization Act of 2022, which is part of the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022.
"I am incredibly pleased Congress has passed the NASA Authorization Act of 2022 – the first authorization for our agency in five years. This act shows continued bipartisan support of NASA's many missions, including our Moon to Mars approach, as well extension of U.S. participation in the International Space Station to 2030."
"With strong support from the Biden-Harris Administration as well as this authorization, NASA will continue to advance scientific discoveries, enable sustainable aviation, address climate change, and much more."
"As we work to send the first woman and first person of color to the Moon under Artemis, I'd like to specifically recognize Senators Maria Cantwell, Roger Wicker, John Hickenlooper, Cynthia Lummis, as well as Representatives Eddie Bernice Johnson, Frank Lucas, Don Beyer, and Brian Babin, for their leadership in passing this bill. This generation – the Artemis Generation – is part of a sustainable exploration program that will last decades."
For more information on NASA and agency activities, visit:
View original content to download multimedia:
SOURCE NASA | https://www.wvlt.tv/prnewswire/2022/07/28/nasa-administrator-statement-agency-authorization-bill/ | 2022-07-28T21:51:08Z | https://www.wvlt.tv/prnewswire/2022/07/28/nasa-administrator-statement-agency-authorization-bill/ | true | 15 |
Would the Los Angeles Angels really trade All-Star pitcher/designated hitter Shohei Ohtani while he's at the peak of his career? It's been a question bandied about for a few weeks now.
Thursday, the New York Post reported that there's at least a remote possibility it could happen. An Ohtani trade remains "extremely unlikely," but the Angels are "perhaps for the first time not hanging up the phone" when teams come calling on Ohtani, so says the report.
Speculation here is that the Angels would wait until after a Juan Soto trade and then any team wanting Ohtani would need to beat whatever the Nationals got for Soto. Soto is younger and likely more of a sure thing moving forward, but Ohtani is essentially two players.
In 409 plate appearances, Ohtani has hit .257/.352/.492 (136 OPS+) with 16 doubles, two triples, 21 homers, 59 RBI, 55 runs and 11 steals. In 16 starts on the mound, he's 9-5 with a 2.80 ERA (144 ERA+), 1.00 WHIP and 134 strikeouts against 23 walks in 93 1/3 innings. The Angels are 9-7 when he's the starting pitcher and 33-49 when he's not.
Ohtani, 27, is only making $5.5 million this season. He'll hit free agency after the 2023 season.
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There are a convergence of factors that make a trade here incredibly complicated but also worth discussing.
We've got to consider how good Ohtani is both at hitting and pitching. He's already unique there. Then there's how little money he makes compared to how productive he is. There's the extra year of team control, so he's not a "rental," but it's only one more year before he's a free agent. The Angels are terrible and not looking much like a team ready to contend in 2023, either, so that's another factor. Ohtani has expressed his desire, multiple times, to play for a winner. Of course, it's not like he has the leverage to have a say here, as he doesn't have a no-trade clause.
Those seem like some defensible reasons for a non-contender to trade a player.
He's also insanely popular and still a big draw at the ballpark, even with the Angels out of contention. Angels owner Arte Moreno surely doesn't want to part with this type of generational talent. Would the Angels even be able to get enough value back in a trade? And they should be trying to contend next season, given where Mike Trout and Anthony Rendon are in terms of age and how much money they make. Dealing Ohtani would seem like waving the white flag on next year, too.
The best bet is Ohtani stays put through the trade deadline, but it's at least worth thinking through what a trade would look like at this point. | https://www.cbssports.com/mlb/news/angels-trading-shohei-ohtani-is-extremely-unlikely-but-not-out-of-the-question-per-report/ | 2022-07-28T21:51:35Z | https://www.cbssports.com/mlb/news/angels-trading-shohei-ohtani-is-extremely-unlikely-but-not-out-of-the-question-per-report/ | true | 1 |
MCLEAN, Va., July 28, 2022 /PRNewswire/ -- V2X, Inc., (NYSE: VVX), a leading provider of critical mission solutions and support to defense clients globally, will report its financial results for the Second quarter ended July 1, 2022, on Tuesday, August 9, 2022, after market close. Senior management will conduct a conference call at 4:30 p.m. ET that same day.
U.S.-based participants may dial in to the conference call at 877-242-2259, while international participants may dial 416-981-9017. A live webcast of the conference call as well as an accompanying slide presentation will be available on the V2X Investor Relations website at http://investors.vectrus.com.
A replay of the conference call will be posted on the V2X website shortly after completion of the call and will be available for one year. A telephonic replay will also be available through August 23, 2022, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 22020062.
ABOUT V2X
V2X is a leading provider of critical mission solutions and support to defense clients globally, formed by the 2022 merger of Vectrus and Vertex to build on more than 120 combined years of successful mission support. The Company delivers a comprehensive suite of integrated solutions across the operations and logistics, aerospace, training and technology markets to national security, defense, civilian and international clients. Our global team of approximately 14,000 employees brings innovation to every point in the mission lifecycle, from preparation, to operations, to sustainment, as they tackle the most complex challenges with agility, grit and dedication.
Contact Information
Mike Smith, CFA
michael.smith@vectrus.com
(719) 637-5773
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SOURCE V2X, Inc. | https://www.newschannel10.com/prnewswire/2022/07/28/v2x-announce-second-quarter-2022-financial-results/ | 2022-07-28T21:54:13Z | https://www.newschannel10.com/prnewswire/2022/07/28/v2x-announce-second-quarter-2022-financial-results/ | false | 11 |
HENDERSON, Nev., July 28, 2022 /PRNewswire/ -- VolitionRx Limited (NYSE AMERICAN: VNRX) ("Volition"), a multi-national epigenetics company, announced today that it has commenced an underwritten public offering of its common stock. All of the shares of common stock are being offered by Volition. In addition, Volition intends to grant the underwriter in the offering a 30-day option to purchase up to an additional 15% of the number of shares of common stock offered in the offering at the public offering price, less underwriting discounts and commissions. The final terms of the proposed offering will depend on market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Newbridge Securities Corporation is acting as the sole book-running manager of the offering.
The securities are being offered by Volition pursuant to a "shelf" registration statement on Form S-3 (File No. 333-259783) previously filed with the Securities and Exchange Commission (the "SEC") on September 24, 2021 and declared effective by the SEC on November 8, 2021. The offering is being made only by means of a prospectus supplement and an accompanying base prospectus, as may be further supplemented by any free writing prospectus and/or pricing supplement that the Company may file with the SEC. A preliminary prospectus supplement and an accompanying base prospectus describing the terms of the proposed offering have been filed with the SEC and are available on the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying base prospectus relating to the offering can also be obtained, when available, from Newbridge Securities Corporation, Attn: Equity Syndicate Department, 1200 North Federal Highway, Suite 400, Boca Raton, FL 33432, by email at syndicate@newbridgesecurities.com, or by telephone at (877) 447-9625. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Volition
Volition is a multi-national epigenetics company that applies its Nucleosomics™ platform through its subsidiaries to develop simple, easy-to-use, cost-effective blood tests to help diagnose and monitor a range of life-altering diseases, including some cancers and diseases associated with NETosis such as sepsis and COVID-19. Early diagnosis and monitoring have the potential to not only prolong the life of patients but also improve their quality of life. The tests are based on the science of Nucleosomics™, which is the practice of identifying and measuring nucleosomes in the bloodstream or other bodily fluid—an indication that disease is present. Volition is primarily focused on human diagnostics and monitoring, but also has a subsidiary focused on animal diagnostics and monitoring.
Volition's research and development activities are centered in Belgium, with an innovation laboratory and an office in the U.S. and additional offices in London and Singapore.
Media
Louise Batchelor/Debra Daglish, Volition
mediarelations@volition.com
+44 (0)7557 774620
Investors
Scott Powell, Volition
investorrelations@volition.com
+1 (646) 650 1351
Joseph Green, Edison Advisors
jgreen@edisongroup.com
+1 (646) 653 7030
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that concern matters that involve risks and uncertainties that could cause actual results to differ materially from those anticipated or projected in the forward-looking statements. These forward-looking statements reflect the current beliefs and expectations of management and include statements regarding the timing, size and expected gross proceeds of the offering, the satisfaction of customary closing conditions related to the offering and sale of securities, the grant to the underwriter of an option to purchase additional shares, and Volition's ability to complete the offering. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Although Volition believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are subject to risks and uncertainties that may cause Volition's actual activities or results to differ materially from those indicated or implied by any forward-looking statement, including, without limitation, due to risks and uncertainties related to market conditions and the satisfaction of closing conditions related to the proposed public offering, risks disclosed in the section titled "Risk Factors" included in the preliminary prospectus supplement filed with the SEC on July 28, 2022, and risks disclosed in other documents Volition files from time to time with the SEC, including Volition's Quarterly Reports on Form 10-Q and its Annual Report on Form 10-K. Forward-looking statements are made as of the date of this release, and, except as required by law, Volition does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
Nucleosomics™ and Nu.Q® and their respective logos are trademarks and/or service marks of VolitionRx Limited and its subsidiaries.
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SOURCE VolitionRx Limited | https://www.wlox.com/prnewswire/2022/07/28/volitionrx-limited-announces-proposed-underwritten-public-offering-common-stock/ | 2022-07-28T21:55:12Z | https://www.wlox.com/prnewswire/2022/07/28/volitionrx-limited-announces-proposed-underwritten-public-offering-common-stock/ | true | 12 |
A new Democratic spending package will expand the U.S. Internal Revenue Service (IRS) in an attempt to raise government revenues and fight inflation.
In a bill that Democrats call “The Inflation Reduction Act of 2022,” the size of the IRS could substantially grow as part of a wider effort to ramp up “taxpayer compliance,” according to the bill’s text that references a 2021 U.S. Department of the Treasury report. The bill will raise IRS spending by nearly $80 billion over the next 10 years, adding to its current $13.7 billion budget, to hire thousands of new IRS agents as well as expand the agency’s operations, facilities and services.
The IRS will be given $45 billion to hire more auditors and lawyers to increase its ability to collect taxes and punish those who fail to pay what they owe. The service will also be spending over $25 billion to cover its increasing operations expenses including office rent and transportation costs.
However, in testimony to the Senate Finance Committee in April, IRS Commissioner Charles Rettig said that over half of the agency’s employees work full time from home. Additionally, the service’s fleet of vehicles was already deemed to be bloated and the federal agency was unable to certify that its vehicles were only used for official business purposes, according to an Inspector General Report from 2021.
The spending package will also carve out an additional $5 billion and $3 billion for “Business Systems Modernization” and “Taxpayer Services.” The move is intended to generate $124 billion through improved “tax enforcement” measures and fight inflation, according to the Democrat summary of the bill.
Democrats are looking to raise government revenues to fund their spending package that will cost a total of $430 billion amid a period of economic malaise and declining audit rates.
An IRS spokesperson told the DCNF that the service does not comment on proposed legislation.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org. | https://dailycaller.com/2022/07/28/dem-spending-bill-shell-80-billion-supersize-irs/ | 2022-07-28T21:55:24Z | https://dailycaller.com/2022/07/28/dem-spending-bill-shell-80-billion-supersize-irs/ | true | 1 |
COLUMBUS, Ohio, July 28, 2022 /PRNewswire/ -- Diamond Hill Investment Group, Inc. (NASDAQ: DHIL) today reported unaudited financial results for the second quarter of 2022.
The following are selected highlights for the quarter ended June 30, 2022:
- Assets under management ("AUM") were $25.8 billion compared to $31.0 billion as of December 31, 2021, and $32.4 billion as of June 30, 2021.
- The AUM as of June 30, 2021 included $3.4 billion in AUM related to our high-yield focused advisory contracts which were sold in the third quarter of 2021.
- Average AUM was $28.2 billion compared to $32.1 billion for the second quarter of 2021.
- Net client outflows were $515 million, compared to $550 million of net inflows for the second quarter of 2021.
- Revenue was $39.0 million, compared to $45.1 million for the second quarter of 2021.
- Operating profit margin was 52% compared to 39% for the second quarter of 2021. Operating profit margin, as adjusted,6 was 40% compared to 43% for the second quarter of 2021.
- Investment loss was $17.7 million compared to investment income of $5.9 million for the second quarter of 2021.
- Net income attributable to common shareholders was $4.4 million compared to $16.9 million for the second quarter of 2021.
- Earnings per share attributable to common shareholders - diluted was $1.40 compared to $5.28 for the second quarter of 2021.
- Net operating income, as adjusted after tax per diluted share,5 was $3.77 compared to $4.44 for the second quarter of 2021.
- The Company returned $12.4 million to its shareholders via 69,693 shares repurchased during the quarter and $4.7 million via a $1.50 per share dividend during the quarter.
"Despite the difficult environment during the quarter, our core operating results were resilient," said Heather Brilliant, president and CEO. "Our net income and corresponding earnings per share were impacted significantly by the market downturn, which resulted in large unrealized losses on our corporate investments. While these seed capital investments may cause short-term volatility in our earnings, we believe they are important for the long-term growth of our business."
Dividends:
The Company announced today that its board of directors has approved the payment of a regular quarterly cash dividend of $1.50 per share. The dividend will be paid on September 16, 2022, to its shareholders of record as of September 1, 2022.
About Diamond Hill:
Diamond Hill invests on behalf of clients through a shared commitment to its valuation-driven investment principles, long-term perspective, capacity discipline and client alignment. An independent active asset manager with significant employee ownership, Diamond Hill's investment strategies include differentiated U.S. and international equity, alternative long-short equity and fixed income. As of June 30, 2022, Diamond Hill had $25.8 billion in AUM. For more information visit www.diamond-hill.com.
Use of Supplemental Data as Non-GAAP Performance Measure
As supplemental information, the Company is providing performance measures that are based on methodologies other than U.S. generally accepted accounting principles ("non-GAAP"). Management believes the non-GAAP measures below are useful measures of its core business activities, are important metrics in estimating the value of an asset management business, and may enable more appropriate peer comparisons. These non-GAAP measures should not be used as a substitute for financial measures calculated in accordance with U.S. generally accepted accounting principles ("GAAP") and may be calculated differently by other companies. The following schedule reconciles GAAP measures to non-GAAP measures for the three- and six-months ended June 30, 2022, and 2021, respectively.
The Company does not recommend that investors consider the above non-GAAP financial measures alone, or as a substitute for, financial information prepared in accordance with GAAP.
Throughout this press release, Diamond Hill may make forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, relating to such matters as anticipated operating results, prospects and levels of assets under management, technological developments, economic trends (including interest rates and market volatility), expected transactions and similar matters. The words "believe," "expect," "anticipate," "estimate," "should," "hope," "seek," "plan," "intend" and similar expressions identify forward-looking statements that speak only as of the date thereof. While we believe that the assumptions underlying our forward-looking statements are reasonable, investors are cautioned that any of the assumptions could prove to be inaccurate and, accordingly, our actual results and experiences could differ materially from the anticipated results or other expectations expressed in our forward-looking statements.
Factors that could cause our actual results to differ materially from the results referred to in the forward-looking statements are discussed under "Item 1A. Risk Factors" and elsewhere in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as well as under "Item 1A. Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022. These factors include, but are not limited to: the adverse effect from a decline in the securities markets; a decline in the performance of our products; the effect of national, regional, and global economic conditions generally, including the effects of the COVID-19 pandemic and the actions taken in connection therewith; political uncertainty caused by, among other things, political parties, economic nationalist sentiments, and tensions surrounding the current socioeconomic landscape; changes in interest rates; changes in national and local economic and political conditions; the continuing economic uncertainty in various parts of the world; changes in government policy and regulation, including monetary policy; changes in our ability to attract or retain key employees; unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations; and other risks identified from time-to-time in other public documents on file with the Securities and Exchange Commission.
In light of the significant uncertainties in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Diamond Hill or any other persons, that our objectives and plans will be achieved. All forward-looking statements made in this press release are based on information presently available to the management of Diamond Hill and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.
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SOURCE Diamond Hill Investment Group, Inc. | https://www.kcrg.com/prnewswire/2022/07/28/diamond-hill-investment-group-inc-reports-results-second-quarter-2022-declares-third-quarter-dividend/ | 2022-07-28T21:55:26Z | https://www.kcrg.com/prnewswire/2022/07/28/diamond-hill-investment-group-inc-reports-results-second-quarter-2022-declares-third-quarter-dividend/ | false | 18 |
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