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Yang’s Forward party merges with groups led by former GOP officials
( The Hill ) – Former Democratic New York City mayoral candidate and presidential candidate Andrew Yang has joined forces with former Republicans, Democrats and independents on the Forward Party, Yang announced Wednesday.
The political party, initially formed in October, is now a merger of three organizations: Yang’s Forward Party, the Renew America Movement, consisting of former Republicans led by former Trump White House official Miles Taylor, and the Serve America Movement, made up of Democrats, independents and Republicans, and founded by former Rep. David Jolly (R-Fla.)
Forward Party leaders are billing it as the biggest third party in the country, saying it will reject political extremes and pursue common ground.
“Not Left. Not Right. Forward,” reads a slogan on the party’s website.
GOP senators block bill expanding care for veterans exposed to toxinsYang, who left the Democratic party in October, echoed similar sentiments in his own announcement.
“I knew the country needed a new kind of party to help realign our politics and reverse the polarization that is tearing our country apart,” he wrote .
In a Wednesday op-ed in The Washington Post, Yang, Jolly and former Gov. (R-N.J.) Christine Todd Whitman said Forward will unite Americans.
“The United States badly needs a new political party — one that reflects the moderate, common-sense majority,” they wrote.
According to Yang’s announcement, the Forward Party is currently on the ballot in several states.
The Hill has reached out to Yang and the Forward Party for comment.
Copyright 2022 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.For the latest news, weather, sports, and streaming video, head to FOX8 WGHP. | https://www.newsbreak.com/news/2683734360737/yang-s-forward-party-merges-with-groups-led-by-former-gop-officials | 2022-08-02T07:14:42Z | https://www.newsbreak.com/news/2683734360737/yang-s-forward-party-merges-with-groups-led-by-former-gop-officials | true | 11 |
Citigroup downgraded shares of Janus Henderson Group (NYSE:JHG – Get Rating) from a neutral rating to a sell rating in a research note released on Friday morning, Marketbeat.com reports. They currently have $22.10 target price on the stock, down from their previous target price of $23.20.
JHG has been the subject of several other reports. JPMorgan Chase & Co. cut Janus Henderson Group from a neutral rating to an underweight rating and cut their price target for the company from $27.00 to $18.00 in a research note on Monday, July 18th. Deutsche Bank Aktiengesellschaft cut their target price on Janus Henderson Group from $24.00 to $23.00 in a research note on Wednesday, July 13th. Keefe, Bruyette & Woods downgraded shares of Janus Henderson Group from a market perform rating to an underperform rating and lowered their price target for the stock from $28.00 to $22.00 in a report on Tuesday, June 28th. The Goldman Sachs Group lowered their price target on shares of Janus Henderson Group from $27.00 to $21.00 and set a sell rating for the company in a report on Wednesday, June 29th. Finally, StockNews.com began coverage on shares of Janus Henderson Group in a report on Thursday, March 31st. They set a hold rating for the company. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Reduce and an average price target of $21.22.
Janus Henderson Group Price Performance
Shares of NYSE JHG opened at $26.56 on Friday. The business’s 50 day moving average price is $25.04 and its two-hundred day moving average price is $30.41. The company has a market cap of $4.46 billion, a PE ratio of 9.00 and a beta of 1.47. The company has a quick ratio of 2.56, a current ratio of 4.85 and a debt-to-equity ratio of 0.07. Janus Henderson Group has a twelve month low of $22.22 and a twelve month high of $48.55.
Janus Henderson Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Monday, August 8th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, August 5th. This represents a $1.56 dividend on an annualized basis and a yield of 5.87%. Janus Henderson Group’s payout ratio is currently 52.88%.
Insiders Place Their Bets
In other Janus Henderson Group news, insider Georgina Fogo sold 10,701 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $23.29, for a total transaction of $249,226.29. Following the completion of the sale, the insider now directly owns 101,862 shares in the company, valued at approximately $2,372,365.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 18.10% of the company’s stock.
Institutional Trading of Janus Henderson Group
Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Janus Henderson Group by 211.3% during the 4th quarter. Russell Investments Group Ltd. now owns 97,235 shares of the company’s stock worth $4,075,000 after acquiring an additional 66,001 shares during the period. Ibex Wealth Advisors boosted its position in shares of Janus Henderson Group by 112.6% during the 4th quarter. Ibex Wealth Advisors now owns 37,053 shares of the company’s stock worth $1,554,000 after purchasing an additional 19,621 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Janus Henderson Group by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,147,470 shares of the company’s stock worth $132,005,000 after purchasing an additional 105,109 shares in the last quarter. UMB Bank N A MO bought a new position in shares of Janus Henderson Group during the 4th quarter worth about $145,000. Finally, WINTON GROUP Ltd boosted its position in shares of Janus Henderson Group by 10.3% during the 4th quarter. WINTON GROUP Ltd now owns 46,800 shares of the company’s stock worth $1,963,000 after purchasing an additional 4,365 shares in the last quarter. 78.39% of the stock is currently owned by institutional investors and hedge funds.
Janus Henderson Group Company Profile
Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.
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Receive News & Ratings for Janus Henderson Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Janus Henderson Group and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.wkrb13.com/2022/08/02/janus-henderson-group-nysejhg-cut-to-sell-at-citigroup.html | 2022-08-02T07:17:45Z | https://www.wkrb13.com/2022/08/02/janus-henderson-group-nysejhg-cut-to-sell-at-citigroup.html | false | 1 |
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An advocate was allegedly killed by five unidentified assailants in Telangana’s Mulugu District. The incident took place around 6.30 pm on Monday, August 1, when advocate Malla Reddy was proceeding towards his residence at Hanmakonda from Mulugu District in his car with the driver.
According to the driver, five assailants wearing facemasks came in another car and stopped them. Two of the assailants took hold of the driver and three of them took the advocate into the bushes nearby and stabbed him to death.
Mulugu District Superintendent of Police, Sangram Singh Patil, while speaking to India Today over the phone, said, “We have formed teams to identify and apprehend the assailants. They were wearing face masks and none of them seemed familiar to the driver. We have registered a case. An investigation is underway. The body of the deceased has been shifted to Hospital for post-mortem examination.”
The Telangana High Court Bar Association has condemned the brutal murder of Advocate Malla Reddy. They have further demanded that the assailants must be arrested at the earliest. | https://www.indiatoday.in/crime/story/advocate-murdered-five-man-gang-telangana-mulugu-1982776-2022-08-02?utm_source=rss | 2022-08-02T07:23:02Z | https://www.indiatoday.in/crime/story/advocate-murdered-five-man-gang-telangana-mulugu-1982776-2022-08-02?utm_source=rss | false | 2 |
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TOKYO (AP) — Asian shares were mostly lower Tuesday amid concerns about regional stability as an expected visit by U.S. House Speaker Nancy Pelosi to Taiwan prompted threats from Beijing.
Benchmarks headed downward across the board in the region in early trading, including Japan, China, South Korea and Australia.
China sees Taiwan as its own territory and has repeatedly warned of “serious consequences” if the reported trip to the island democracy goes ahead. Pelosi has said she is visiting Singapore, Malaysia, South Korea and Japan for talks on a variety of topics, including trade, COVID-19, climate change and security.
While there have been no official announcements, local media in Taiwan reported Pelosi will arrive Tuesday night, making her the highest-ranking elected U.S. official to visit in more than 25 years.
“Risk sentiment took a hit following reports suggesting U.S. House Speaker Pelosi is to go ahead with her visit to Taiwan. Investors are likely to be looking for defensive positions as the geopolitical situation could escalate over the next few days,” said Anderson Alves of ActivTrades.
Japan's benchmark Nikkei 225 declined 1.4% to 27,594.73. South Korea's Kospi slipped 0.5% to 2,439.62. Hong Kong's Hang Seng dropped 2.5% to 19,675.87, while the Shanghai Composite dove 2.3% to 3,186.27.
“The first big relief point will be Pelosi’s safe arrival in Taiwan, followed by her safe departure. No party wants a real war, but the risk of mishap or even aggressive war game escalation is real, which could always lead to a tactical mistake,” Stephen Innes, managing partner at SPI Asset Management said.
Australia’s S&P/ASX 200 edged 0.1% higher to 6,998.10.
The Reserve Bank of Australia on Tuesday boosted its benchmark interest rate for a fourth consecutive month to a six-year high of 1.85%. It was the third consecutive hike of half a percentage point. When the central bank lifted the rate by a quarter percentage point at its monthly board meeting in May, it was the first rate hike in more than 11 years.
The cash rate is now at its highest point since May 2016 when the bank cut the rate from to 1.75% from 2%.
On Wall Street, stocks gave up early gains and closed slightly lower as investors began another busy week of company earnings and economic reports.
The S&P 500 gave up an early gain to end down 0.3% at 4,118.63. The Dow Jones Industrial Average dipped 0.1% to 32,798.40 and the Nasdaq fell 0.2% to 12,368.98. Smaller company stocks also gave back some of their recent gains, nudging the Russell 2000 0.1% lower to 1,883.31.
Bond yields mostly fell. The yield on the 10-year Treasury, which influences mortgage rates, fell to 2.60% from 2.65% late Friday.
August’s subdued opening follows a solid rally for stocks last month: July was the best month for the S&P 500 index since November 2020. Stocks have been falling for much of the year as investors worry about high inflation and rising interest rates. A key concern remains whether central banks will raise interest rates too aggressively and push economies into a recession.
A report last week showed that the U.S. economy contracted last quarter and could be in a recession. Stocks' recent rally came as worrisome economic reports gave some investors confidence that the Fed can dial back its aggressive pace of rate hikes sooner than expected.
More than half of the companies in the S&P 500 have reported their latest earnings results, which have been mostly better than expected. Many companies have also warned that inflation is hurting consumer spending and squeezing operations. Businesses have been raising prices to try to keep up profits.
Wall Street will also get several updates on the job market, which has remained strong. The Labor Department will release its June survey on job openings and labor turnover on Tuesday and its closely-watched monthly employment report for July on Friday.
A surge in oil prices throughout the year only worsened the impact from inflation. U.S. crude oil prices are up roughly 25% in 2022 and that has raised gasoline prices in the U.S. to record levels.
In energy trading, benchmark U.S. crude lost 5 cents to $93.84 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, fell 13 cents to $99.90 a barrel.
In currency trading, the U.S. dollar edged down to 130.79 Japanese yen from 131.71 yen. The euro cost $1.0239, down from $1.0259.
___
Yuri Kageyama is on Twitter https://twitter.com/yurikageyama | https://www.trumbulltimes.com/news/article/Asian-shares-fall-on-worries-about-Pelosi-s-visit-17344704.php | 2022-08-02T07:29:10Z | https://www.trumbulltimes.com/news/article/Asian-shares-fall-on-worries-about-Pelosi-s-visit-17344704.php | true | 11 |
White House Hands Taiwan Over on a Silver Platter: 'We Do Not Support' Independence
Regarding the comments he made during a Monday news briefing, President Joe Biden may as well have gift-wrapped Taiwan to hand over to the Chinese Communist Party itself.
The country of Taiwan remains, to this day, one of the few areas over which Bejing claims sovereignty but does not outright control. While the U.S. has avoided fully affirming China’s sovereignty over Taiwan, for decades it has recognized the “One China” policy, which claims that the People’s Republic of China — founded and ruled over by the CCP — is “the sole legal Government of China.” Therefore, the Republic of China — Taiwan’s democratic government — is not officially recognized by the U.S. government.
Tensions began escalating when news broke that Speaker of the House Nancy Pelosi was expected to visit Taiwan’s capitol, Taipei, during her upcoming tour of Asia, making her the highest ranking U.S. official in twenty-five years to make an official visit.
Likely in response to CCP pressure, Pelosi refused to even mention the country in a statement detailing her planned trip.
Even more disturbingly, White House rhetoric on Tawian/China relations took a sudden shift. Confused and softened messaging from Biden and his White House made one thing very clear — the Democrats currently in power have no clear conviction on the matter.
If you were to look at NBC News’ coverage of the event, you would be none the wiser that Biden had, in fact, sold out one of the sole bastions of freedom left in the Eastern world.
“Biden Says U.S. Will Defend Taiwan Militarily If China Invades,” a NBC News clip of the briefing is titled on YouTube.
Nothing in that title is an outright lie, but it omits some important context.
While Biden did admit that he would be willing to send troops to defend against Taiwan being “taken by force,” one could infer from his statements that, if such a takeover is coerced using less violent methods, the U.S. would not be offering military aid.
Later, the White House flat out admitted that it does not support Taiwan, assuring that CCP officials had no reason to be concerned with Pelosi’s visit.
“We have said that we do not support Taiwan independence, and we have said that we expect cross-strait differences to be resolved by peaceful means,” National Security Council spokesman John Kirby said, according to the Independent U.K.
“Put simply, there is no reason for Beijing to turn a potential visit consistent with long-standing U.S. policy into some sort of crisis or conflict or use it as a pretext to increase aggressive military activity in or around the Taiwan Strait”.
There should be a clear, unquestioned understanding that Taiwan is an independent country, not a province of Communist China.
Unfortunately, to Biden and his cronies, that doesn’t appear to be the case.
If the White House’s confusion over what stance to take in regards to Taiwan’s independence is clear to us, it’s most certainly also clear to CCP officials.
And China will likely be more willing to act amidst the chaos. War preparations currently underway in Taiwan suggest as much.
Truth and Accuracy
We are committed to truth and accuracy in all of our journalism. Read our editorial standards. | https://www.westernjournal.com/white-house-hands-taiwan-silver-platter-not-support-independence/?utm_source=facebook&utm_medium=raisingred&utm_campaign=lminetwork&utm_content=2022-08-02 | 2022-08-02T07:39:28Z | https://www.westernjournal.com/white-house-hands-taiwan-silver-platter-not-support-independence/?utm_source=facebook&utm_medium=raisingred&utm_campaign=lminetwork&utm_content=2022-08-02 | true | 35 |
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A2Z Market Research published new research report on Global Portable Vascular Doppler Market covering the micro-level of analysis by competitors and key business segments (2022-2027). The Global Portable Vascular Doppler market report explores a comprehensive study on various segments like opportunities, size, development, innovation, sales, and overall growth of major players. Portable Vascular Doppler Market research report on the latest developments in the world of Portable Vascular Doppler. Scoured the trade press and spoke to Healthcare industry insiders to bring you a report that’s as up to date as the moment. Portable Vascular Doppler report covers the latest trends in the wine market, including new wines, packaging, and the wine trade. We’ve also included a section on the economic outlook for the Portable Vascular Doppler market, which might affect sales over the next few years.
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The market was studied across External Portable Vascular Doppler and Internal Portable Vascular Doppler based on Category. Report provides a basic overview of the industry including definitions, classifications, applications and Portable Vascular Doppler industry chain structure. Top Companies in this report are: Vcomin, Atys Medical, EDAN, Huntleigh Diagnostics, CooperSurgical, CHISON, Newman Medical, Hadeco, Shenzhen Bestman Instrument, Wallach Surgical Devices, Natus Medical
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The Portable Vascular Doppler market was studied across the Americas, Asia-Pacific, Europe, Middle East & Africa based on region. The Americas is further explored Portable Vascular Doppler report across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied Portable Vascular Doppler report across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further analyzed Portable Vascular Doppler report across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. Finally, Europe, the Middle East & Africa is further studied. Portable Vascular Doppler report across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and the United Kingdom.
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+1 775 237 4147 | https://thenelsonpost.ca/news/304000/global-report-on-portable-vascular-doppler-market-with-vcomin-atys-medical-edan-huntleigh-diagnostics-coopersurgical-size-2022-growth-opportunities-and-worldwide-forecast-to-2027/ | 2022-08-02T07:41:37Z | https://thenelsonpost.ca/news/304000/global-report-on-portable-vascular-doppler-market-with-vcomin-atys-medical-edan-huntleigh-diagnostics-coopersurgical-size-2022-growth-opportunities-and-worldwide-forecast-to-2027/ | false | 1079 |
Bots to resolve queries and AI solutions to help customers renew their policies automatically and even measure calorie intake. Giving a glimpse into insurance in the tech age, Girish Nayak of ICICI Lombard General Insurance Co Ltd says companies are tailoring their offerings for efficiency and personalised experiences.
An app developed by the company is helping retail and corporate customers use features such as teleconsultation and homecare. A newly launched AI-based feature is helping them understand their health vitals and calorie intake, Nayak, the company's chief, Customer Service, Operations and Technology, told.
(Edited by : Sangam Singh) | https://www.cnbctv18.com/finance/icici-lombards-girish-nayak-says-drones-ai-iot-cloud-set-to-transform-insurance-industry-14336942.htm | 2022-08-02T07:42:43Z | https://www.cnbctv18.com/finance/icici-lombards-girish-nayak-says-drones-ai-iot-cloud-set-to-transform-insurance-industry-14336942.htm | false | null |
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Hynoski, Cordle won't get any tender loving from the Giants
Henry Hynoski and Jim Cordle won’t be making $1.323 million in 2014. At least not from the Giants.
The fullback and center, respectively, both ended the season on injured reserve and go into this offseason as restricted free agents. They will not receive tender offers from the Giants as the deadline for making such offers looms. Teams must decide by March 11 – the start of full-blown free agency – if they will tender their restricted free agents and the Giants have already told Hynoski and Cordle that they will not be doing so, according to sources. The lowest tender an NFL team can put on an RFA is a right of first refusal, and that comes with the price tag of a $1.323 million salary for 2014.
Hynoski and Cordle may wind up back with the Giants, but not until they become unrestricted free agents. And if they do return, it will be for less than the $1.323 million.
The news on Hynoski was first reported by ProFootballTalk.com. The Star-Ledger first reported the Cordle decision.
The Hynoski move makes sense as the Giants already have FB John Conner under contract for 2014. They might invite Hynoski to camp to compete against Conner if he does not sign elsewhere. Cordle, meanwhile, was a backup center who stepped in as a starter. The Giants are looking to upgrade their offensive line from starters to reserves. But like Hynoski, they could bring Cordle back for less than the tender offer if he does not sign elsewhere.
That leaves two other UFAs for the Giants to deal with: linebackers Mark Herzlich and Spencer Paysinger. Paysinger’s agent told Newsday that he had yet to hear from the Giants either way; again, the deadline to make a decision is March 11.
Just to go over the rules of restricted free agents, in case you forgot from last year when Stevie Brown, Andre Brown and Victor Cruz all went through the process, teams can designate RFAs in any of four ways with various salaries:
The first is a right of first refusal, which means the player can receive offers from other clubs and the original team has a chance to match or beat the offer. If the player signs elsewhere, the original team receives no compensation. If he stays with the original club, his one-year salary is $1.323 million.
The second option is to tender the player at his original draft level. In the case of all of the Giants’ RFAs, they were all undrafted, so that’s not really an option. But just to complete the explanatory circle, the salary for such a designation would be $1.431 million. If the player signs with another team, the original team gets a draft pick in the round that the player was originally taken.
Option three: A second-round tender. If a team signs an RFA it must give the original team a second-round pick. The salary for this level is $2.187 million.
And finally, the first-round tender. This is what the Giants put on Cruz last year. No RFA has found another team willing to give up a first-round pick to sign him in more than a decade. A first-round tender comes with a one-year salary of $3.113 million.
Of course, there is a fifth option. The non-tender. And that seems to be the Giants’ most popular one so far this offseason. | https://www.newsday.com/sports/football/giants/hynoski-cordle-won-t-get-any-tender-loving-from-the-giants-u22285 | 2022-08-02T07:51:47Z | https://www.newsday.com/sports/football/giants/hynoski-cordle-won-t-get-any-tender-loving-from-the-giants-u22285 | false | 1 |
First of four Wine & Wisdom events starts tonight
Wine & Wisdom, a longstanding Asotin County Library program in partnership with Humanities Washington and Basalt Cellars, returns in August with four programs at 6:30 on Tuesday evenings.
First of four Wine & Wisdom events starts tonight
Wine & Wisdom, a longstanding Asotin County Library program in partnership with Humanities Washington and Basalt Cellars, returns in August with four programs at 6:30 on Tuesday evenings.
Two programs will be in person and two online. Registration isn’t required for the in-person events, which will be at 6:30 p.m. today and Aug. 16 at Basalt Cellars, 906 Port Drive, in Clarkston. They include:
“Humanity in Print: Literature and Human Rights” with Richard Middleton-Kaplan, tonight; and
“Diamonds in the Rough: The Gentrification of Rural Washington” with Jennifer Sherman, Aug. 16.
Registration at asotincountylibrary.org/wine-wisdom-2022 is required for the online presentations:
“American Democracy’s Indigenous Roots and Future” with Fern Naomi Renville, next Tuesday.
“What Laughter Tells Us: Asian Americans, Comedy and Belonging” with Michelle Liu, Aug. 23.
Questions can be directed to Adult Services Librarian Erin Kolb at ekolb@aclib.org or (509) 758-5454.
Comedy ‘Puffs’ is playing this weekend in Lewiston
A satire inspired by the popular “Harry Potter” book and movie series wraps up its run with three performances this weekend in Lewiston.
The Lewiston Civic Theatre production of “Puffs,” written by Matt Cox, is directed by Amanda Marzo and is described as “suitable for young wizards 13 and older.”
According to a news release, the comedy follows a group of kids just trying to get through the challenges that magic school brings.
Marzo describes it as “a hilarious satirical play for anyone who didn’t receive their Magic School acceptance letter, and who read the HP book series annually. It’s for people that watch the films on a loop, and are able to quote the many celebrities on screen with almost perfect impersonations. ... This play is a great way to celebrate all things Potter and also a great way to critique some of the messages presented in the series.”
Performance are 7 p.m. Friday and Saturday and 2 p.m. Sunday at the Normal Hill Campus (former LHS Auditorium), 1114 9th Ave, Lewiston. Cost is $20 for adults, $17 for seniors and veterans, $15 for students and $12 for children.
More information and tickets are available at www.lctheatre.org or by calling (208) 746-3401.
TO SUBMIT BRIEFS: Groups and organizations may submit event information pertaining to seniors in the region for free publication in the monthly Golden Times magazine. All submissions are subject to editing and space restraints and must include the name and phone number of the person submitting the information. Questions may be directed to editor Julie Breslin at jbreslin@lmtribune.com or (208) 791-6635. Submissions may be sent to goldentimes@lmtribune.com or Golden Times, P.O. Box 957, Lewiston, ID 83501. Information for the September issue must be received by 5 p.m. Aug. 15.
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A receipt was sent to your email. | https://lmtribune.com/golden_times/briefs/article_222351bb-c568-5280-bea0-b61d2d378b16.html | 2022-08-02T07:52:24Z | https://lmtribune.com/golden_times/briefs/article_222351bb-c568-5280-bea0-b61d2d378b16.html | true | 1 |
Penn Station work to be completed around Labor Day, Amtrak says
New details emerged Friday about Amtrak’s plan to take some Penn Station tracks out of service this summer to perform infrastructure upgrades on the LIRR’s aging and overstressed Manhattan terminal.
A panel of executives from Amtrak, which owns and operates Penn Station, testified before the New Jersey State Senate Legislative Oversight Committee in Trenton on Friday. The hearing came a day after Amtrak announced a multistep plan to address some of the problems at Penn, through which 600,000 customers travel each day — nearly half of them on the Long Island Rail Road.
Amtrak president and CEO Charles “Wick” Moorman declined to provide many specifics about the agency’s plan to take some of Penn’s 21 tracks out of service for prolonged periods during the summer months to perform upgrades on the western part of the station’s tracks. He did say that he expected the project would entail “two-to-three significant [track] outages” during weekday periods and that the bulk of the work would be completed by around Labor Day.
“There may be different numbers of tracks closed at different times of the day. We have to work through that,” Moorman said. “Obviously our goal is to have the least number of tracks closed that we possibly can during the two peaks.”
Moorman said Amtrak would meet with officials from the LIRR and NJ Transit over the next week to work out details of the project and its effect on rail customers. Information will be released to the public early in the week after that.
The project follows a string of major service disruptions originating at Penn in recent weeks, including two train derailments in 10 days.
Meanwhile, Assemb. Jeffrey Dinowitz (D-Bronx), chairman of the Assembly Committee on Corporations, Authorities and Commissions, said Friday that he intended to hold a hearing next month to discuss the recent problems at Penn Station and their impact on the LIRR.
Dinowitz was responding to a letter sent to him by Sen. Todd Kaminsky (D-Long Beach) calling for both houses of New York’s State Legislature to hold an “emergency, joint hearing” that would include Amtrak representatives. “In light of serious issues surrounding Penn Station . . . and its failing infrastructure, Long Island commuters have faced unprecedented hardship that must be addressed,” Kaminsky wrote. | https://www.newsday.com/long-island/transportation/new-details-emerge-on-penn-station-track-upgrade-plan-l86791 | 2022-08-02T07:54:42Z | https://www.newsday.com/long-island/transportation/new-details-emerge-on-penn-station-track-upgrade-plan-l86791 | false | 1 |
Danny Gokey gets hokey on 'My Best Days'
Danny Gokey doesn't play it safe on his debut, "My Best Days" (19/RCA Nashville). The "American Idol" finalist sure strikes out a lot on any number of overwrought attempts to fashion himself as a country singer. But when Gokey connects, as he does on the gorgeous, inspirational Rascal Flatts-ish ballad "Tiny Life" and the Gloriana-like single "My Best Days Are Ahead of Me," it's almost enough to forgive the clumsy country near-parody "Life on Ya" or the ridiculous faux-streetwise, country-blues gibberish of "Be Somebody." Almost.
DANNY GOKEY
"My Best Days"
GRADE C+
BOTTOM LINE Wildly uneven country-pop debut | https://www.newsday.com/entertainment/music/danny-gokey-gets-hokey-on-my-best-days-w03669 | 2022-08-02T08:06:09Z | https://www.newsday.com/entertainment/music/danny-gokey-gets-hokey-on-my-best-days-w03669 | true | null |
Anthony Albanese jokes about Scott Morrison leaving The Lodge on Have You Been Paying Attention?
Anthony Albanese’s cheeky joke about what he did at The Lodge after Have You Been Paying Attention? panel asks if he’s got the ‘smell of Morrison’ out of place yet
- PM Albanese appeared on 10’s Have You Been Attention? on Monday
- He joked that he had to do an ‘exorcism’ at The Lodge after Scott Morrison left
- The quip was prompted by Ed Kavalee who asked if he’d gotten the ‘Morrison scent’ out
Anthony Albanese joked that he had to perform an ‘exorcism’ at The Lodge after Scott Morrison left.
The prime minister made the cheeky joke when he appeared as a special guest on 10’s current affairs panel show Have You Been Paying Attention? on Monday.
The panelists began questioning Mr. Albanese when comedian and show host Ed Kavalee asked him if he’d managed to get ‘the scent of Morrison’ from The Lodge, the Prime Minister’s official residence in Canberra.
Anthony Albanese (pictured) joked that he had to perform an ‘exorcism’ at The Lodge after Scott Morrison left the property
‘Prime Minister, I see you’re at The Lodge, have you managed to get that Morrison smell out yet?’ Kavale joked.
Mr. Albanese replied with humor: ‘The exorcism has taken place.’
The show’s host, Tom Gleisner, asked what it was like to live in The Lodge.
“It’s a big step up from my social housing from last night,” the prime minister joked.
“The only way I would get into a house with a tennis court was to become prime minister.”
Mr Albanese also noted how his dog Toto now had plenty of space in the backyard to run around in compared to the backyard at his former home in Marrickville in central Sydney.
The response was prompted by comedian Ed Kavalee (pictured) who asked the Prime Minister on Have You Been Paying Attention? how long it took him to get the ‘Morrison smell’ out
The other panelists on the 10 program also joined in with Mr Albanese’s light-hearted questions and gibberish
The other panelists also joined in with the light-hearted questions and ribbing.
Comedian and broadcaster Sam Pang joked that the prime minister “should be in the country” when he set a date for a referendum for the indigenous vote to parliament.
“That’s just mean, Sam,” Mr. Albanian replied. “I’ve been warned about you, Sam.”
Comedian Kitty Flanagan has asked a series of questions about Mr. Albanian’s dog, Toto.
TV writer and comedian Aaron asked if he should be nicknamed ‘Antal’ because Scott Morrison was called ‘ScoMo’.
“I’ll just let it pass,” the Prime Minister said as the audience laughed.
Mr Albanese said moving to The Lodge was a ‘big step up from my social housing construction last night’ and joked that he would have to become Prime Minister to get a house with a tennis court
It took Scott Morrison (pictured) five days to leave The Lodge and nearly two weeks to vacate Kirribilli House after his election defeat in May
Albanian took up residence at The Lodge in June after beating Scott Morrison in the May federal election.
He chose to live in The Lodge above Kirribilli House in Sydney because it was ‘the capital of the country’ and ‘important’.
Morrison was given the nickname ‘Squat Morrison’ after it took him five days to leave The Lodge and nearly two weeks to vacate Kirribilli House following the Coalition defeat. | https://whatsnew2day.com/anthony-albanese-jokes-about-scott-morrison-leaving-the-lodge-on-have-you-been-paying-attention/ | 2022-08-02T08:06:45Z | https://whatsnew2day.com/anthony-albanese-jokes-about-scott-morrison-leaving-the-lodge-on-have-you-been-paying-attention/ | false | 1 |
Bouygues beats core profit expectations in H1, raises telecoms target
The construction, telecoms and media group posted a current operating profit of 492 million euros ($505.23 million) for the six months to June, ahead of analysts' median forecast of 409 million euros according to a company-compiled poll. | https://telecom.economictimes.indiatimes.com/amp/news/bouygues-beats-core-profit-expectations-in-h1-raises-telecoms-target/93289951 | 2022-08-02T08:07:53Z | https://telecom.economictimes.indiatimes.com/amp/news/bouygues-beats-core-profit-expectations-in-h1-raises-telecoms-target/93289951 | true | null |
Hillman Solutions (NASDAQ:HLMN – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 3rd. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Hillman Solutions (NASDAQ:HLMN – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.01 by $0.08. The company had revenue of $363.01 million during the quarter, compared to the consensus estimate of $363.00 million. The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. On average, analysts expect Hillman Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Hillman Solutions Stock Performance
Hillman Solutions stock opened at $10.36 on Tuesday. The firm’s 50 day simple moving average is $9.91 and its 200 day simple moving average is $10.25. The company has a current ratio of 2.48, a quick ratio of 0.57 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $2.01 billion, a PE ratio of -5.21 and a beta of 1.45. Hillman Solutions has a 1-year low of $8.01 and a 1-year high of $13.46.
Insider Activity
Institutional Investors Weigh In On Hillman Solutions
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Hillman Solutions by 86.8% in the 1st quarter. Vanguard Group Inc. now owns 8,783,728 shares of the company’s stock worth $104,350,000 after acquiring an additional 4,080,908 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Hillman Solutions by 23.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,796,852 shares of the company’s stock worth $21,347,000 after purchasing an additional 338,863 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Hillman Solutions by 17.1% during the 1st quarter. Clearbridge Investments LLC now owns 2,017,430 shares of the company’s stock worth $23,967,000 after purchasing an additional 295,330 shares during the period. Penn Capital Management Company LLC boosted its holdings in Hillman Solutions by 31.4% during the 1st quarter. Penn Capital Management Company LLC now owns 865,014 shares of the company’s stock valued at $7,944,000 after acquiring an additional 206,694 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Hillman Solutions by 24.3% in the 1st quarter. Bank of America Corp DE now owns 692,084 shares of the company’s stock valued at $8,222,000 after buying an additional 135,312 shares during the period.
Analyst Ratings Changes
Separately, Barclays decreased their price objective on shares of Hillman Solutions from $15.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $15.36.
Hillman Solutions Company Profile
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.
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Receive News & Ratings for Hillman Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillman Solutions and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.wkrb13.com/2022/08/02/hillman-solutions-hlmn-to-release-earnings-on-wednesday.html | 2022-08-02T08:11:07Z | https://www.wkrb13.com/2022/08/02/hillman-solutions-hlmn-to-release-earnings-on-wednesday.html | false | 1 |
Prime Minister Narendra Modi and visiting Maldivian President Ibrahim Mohamed Solih on Tuesday held extensive talks with an aim to ramp up overall bilateral strategic ties including in areas of trade and investment.
Solih, accompanied by a high-level delegation, arrived in Delhi on Monday on a four-day visit.
The Maldives is one of Indias key maritime neighbours in the Indian Ocean Region and the overall bilateral ties including in areas of defence and security have been on an upward trajectory in the last few years.
After a meeting with Solih, External Affairs Minister S Jaishankar on Monday evening said Indias Neighbourhood First policy and the Maldives India First policy are “complementary” and they take the special partnership forward.
Besides official engagements in New Delhi, President Solih will also visit Mumbai and participate in business events.
The ties between India and the Maldives have been on an upswing since Solih took charge of the top office in November 2018.
Prime Minister Modi attended the inauguration ceremony of President Solih.
In December 2018, Solih visited India, which was his first overseas tour after becoming the president.
Modi visited the Maldives in June 2019 and it was his first overseas visit in his second term as the prime minister.
Last week, Chief of Maldivian defence forces Maj Gen Abdulla Shamaal visited India.
In March, External Affairs Minister Jaishankar, during a visit to Male, handed over a coastal radar system to the country. India and Maldives share common perspectives on maritime security issues in the Indian Ocean and have been working together to expand defence cooperation.
Development cooperation has been a key pillar of the India-Maldives relationship with New Delhi providing Lines of Credit of over USD 1.2 billion (one billion=100 crores) for infrastructure and grants for community development projects to the island nation.
In August last year, the island nation sealed a contract for the implementation of an India-funded connectivity project.
Under the Greater Male Connectivity Project (GMCP) project, a 6.74 km long bridge and causeway link will be built to connect the capital city Male with adjoining islands of Villingli, Gulhifalhu and Thilafushi.
Funded under a grant of USD 100 million and a Line of Credit of USD 400 million from India, it will be reportedly the largest infrastructure project in the Maldives.
(Except for the headline, this story has not been edited by The Federal staff and is auto-published from a syndicated feed.) | https://thefederal.com/from-the-wires/pm-modi-holds-talks-with-visiting-maldivian-president-solih/ | 2022-08-02T08:13:49Z | https://thefederal.com/from-the-wires/pm-modi-holds-talks-with-visiting-maldivian-president-solih/ | true | 2 |
Pop singer Beyonce's seventh studio album 'Renaissance' debuted last month to universal acclaim, but one lyric in the song 'Heated' left many listeners angry on social media.
The song includes the word "spaz" during a verse in which Beyonce sings: "Spazzin' on that a**, spazz on that a**."
In the medical field, "spastic" refers to a disability that makes it difficult for people to control their muscles, especially in their arms and legs.
The singer's team confirmed to Variety that the lyric will be removed.
"The word, not used intentionally in a harmful way, will be replaced," a statement from Beyonce's team reads.
The lyric was criticised as ableist and offensive on social media, and it even inspired an essay published on The Guardian in which writer Hannah Diviney wrote, "Beyonce's commitment to storytelling musically and visually is unparalleled, as is her power to have the world paying attention to the narratives, struggles and nuanced lived experience of being a Black woman.... But that doesn't excuse her use of ableist language."
According to 'Variety', Beyonce's decision to remove the ableist lyric follows Lizzo's decision to do the same.
Lizzo used the same term in her song "Grrrls" off her latest album, 'Special'. In the original track, Lizzo sang: "Hold my bag, b***h, hold my bag/ Do you see this s**t? I'm a spaz."
The new version of the song finds Lizzo singing "Hold me back."
[With Inputs From IANS] | https://www.outlookindia.com/art-entertainment/beyonce-to-remove-offensive-renaissance-lyrics-after-ableist-backlash-news-213559 | 2022-08-02T08:15:28Z | https://www.outlookindia.com/art-entertainment/beyonce-to-remove-offensive-renaissance-lyrics-after-ableist-backlash-news-213559 | false | 3 |
Construction at the Dobson Ranch Library
The Dobson Ranch Library is nearing its final phase of construction, with an estimated completion date in September. Construction will expand the library's footprint by 1600 square feet, and will add a THINKspot makerspace for community innovation and networking. Additionally, the façade of the building is being updated. This improved entry will offer greater visibility and convenience for library users. This is the biggest renovation the Dobson Ranch Library has undergone since it was built in 1987. Funding for the renovation is from the Parks and Culture Bonds issue approved by Mesa voters in 2018. | https://www.newsbreak.com/news/2684167629218/construction-at-the-dobson-ranch-library | 2022-08-02T08:19:14Z | https://www.newsbreak.com/news/2684167629218/construction-at-the-dobson-ranch-library | true | null |
If US House of Representatives Speaker Nancy Pelosi comes to Taiwan, she would likely arrive this evening or tomorrow morning after visiting Malaysia, a US analyst said yesterday.
According to the China Press, a Malaysian Chinese-language newspaper, she is to arrive in Kuala Lumpur today for her second stop.
Although the Malaysian government has not announced an official itinerary, the paper cited a person familiar with the plans as saying she would only stay for a few hours.
Photo: AFP / Singaporean Ministry of Communications and Information
Meanwhile, South Korean National Assembly Speaker Kim Jin-pyo’s office yesterday said he would meet with Pelosi on Thursday morning before holding a news conference and eating lunch together.
Based on Pelosi’s itinerary thus far, Josh Rogin, a political analyst for the Washington Post and CNN, on Twitter yesterday predicted that “the Taiwan stop would likely be after her Malaysia stop, meaning Tuesday night or Wednesday morning.”
Sources yesterday told the Chinese-language Liberty Times (sister paper of the Taipei Times) yesterday that the time of Pelosi’s arrival in Taiwan would be close to what others have speculated.
Photo: Ann Wang, Reuters
Arrangements are being made, including a public appearance with a visit to the Legislative Yuan tomorrow, they said, adding she would also meet with President Tsai Ing-wen (蔡英文).
However, given the sensitivity involved, plans would change according to situations, they added.
Meanwhile, local media quoted other sources as saying that Pelosi could possibly stay at the Grand Hyatt Taipei in Xinyi District (信義) or the Marriott Taipei in Zhongshan District (中山).
Asked about the potential visit, Premier Su Tseng-chang (蘇貞昌) did not confirm or deny the possibility, but said Taiwan welcomed all foreign guests and promised to make the best arrangements with respect to their itineraries.
Pelosi arrived in Singapore early yesterday for the first stop on her Asia tour.
Pelosi met with Singaporean Prime Minister Lee Hsien Loong (李顯龍), President Halimah Yacob and other Cabinet members, the Singaporean Ministry of Foreign Affairs said.
Lee welcomed a US commitment to strong engagement with the region and the two sides discussed ways to deepen US economic engagement through initiatives such as the Indo-Pacific Economic Framework, the ministry said in a statement.
Lee and Pelosi also discussed the war in Ukraine, tensions surrounding Taiwan and China, and climate change, it said.
Lee “highlighted the importance of stable US-China relations for regional peace and security,” it added, in an apparent allusion to reports that Pelosi could visit Taiwan.
In Beijing, Chinese Ministry of Foreign Affairs spokesman Zhao Lijian (趙立堅) reiterated earlier warnings, saying “there will be serious consequences if she insists on making the visit.”
He did not spell out any specific consequences.
“We are fully prepared for any eventuality,” he said. “The People’s Liberation Army will never sit by idly. China will take strong and resolute measures to safeguard its sovereignty and territorial integrity.”
Washington has tried to assure Beijing there is no reason to “come to blows” and that if such a visit occurred, it would signal no change in US policy.
ARRANGEMENTS MADE: Sources told the ‘Liberty Times’ that Nancy Pelosi could visit the legislature tomorrow and she might also meet with President Tsai Ing-wen If US House of Representatives Speaker Nancy Pelosi comes to Taiwan, she would likely arrive this evening or tomorrow morning after visiting Malaysia, a US analyst said yesterday. According to the China Press, a Malaysian Chinese-language newspaper, she is to arrive in Kuala Lumpur today for her second stop. Although the Malaysian government has not announced an official itinerary, the paper cited a person familiar with the plans as saying she would only stay for a few hours. Meanwhile, South Korean National Assembly Speaker Kim Jin-pyo’s office yesterday said he would meet with Pelosi on Thursday morning before holding a news conference and
COMING TO TAIWAN? A US aircraft carrier and its strike group have returned to the South China Sea as tensions with China rise over the House speaker’s possible visit US House of Representatives Speaker Nancy Pelosi invited other top lawmakers to join her on a visit to Taiwan, a US representative told NBC News on Wednesday, in the first on-the-record confirmation of the speaker’s planned visit. US Representative Michael McCaul said in an interview with the US news outlet that he and fellow Representative Gregory Meeks had been invited to join Pelosi on a visit to Taiwan next month. McCaul, a Republican, is a ranking member of the House Committee on Foreign Affairs alongside Meeks, the Democratic chairman. Although he declined the offer due to a personal obligation, McCaul encouraged others to
‘UNNERVED’: Vladimir Putin and Xi Jinping spoke about teamwork before Ukraine’s invasion, but Xi has been shocked by Russia’s ‘pathetic’ performance, Jim Mattis said Russia’s invasion of Ukraine has affected the timing and strategy of Chinese President Xi Jinping’s (習近平) plan to take Taiwan by force, former US secretary of defense Jim Mattis told a forum in Taipei yesterday, where experts from around the world stressed the importance of like-minded democracies standing together in the face of rising authoritarianism. Mattis and other security experts were invited to speak either in-person or virtually at the Ketagalan Forum to discuss the impact of the Russia-Ukraine war on the Indo-Pacific region. Xi and Russian President Vladimir Putin spoke at length about teamwork and partnership before the invasion, but Xi
‘EXCITED TO GO’: Stopping short of saying she would visit Taiwan on her trip, the US House leader said she wants the US Congress to be part of Biden’s Asia agenda There is no reason for China and the US “to come to blows” should US House of Representatives Speaker Nancy Pelosi visit Taiwan during her current trip to Asia, the White House said on Friday, underscoring the international tensions surrounding her travel plans. The remarks by National Security Council spokesman John Kirby came as Pelosi offered a rationale for a visit to Asia that she had not before stated. She referred to US President Joe Biden’s focus on Asia and referenced his recent trip to South Korea and Japan, telling reporters: “He has visited there, his vice president has visited, the | https://www.taipeitimes.com/News/front/archives/2022/08/02/2003782817 | 2022-08-02T08:20:23Z | https://www.taipeitimes.com/News/front/archives/2022/08/02/2003782817 | true | 1 |
Taylor Swift’s representative has defended the singer’s private jet use.
The 32-year-old found herself under fire on Friday, after being named the celebrity with the worst carbon emissions as a result of the luxury craft.
One of her team said on Monday, the use was down to her constantly loaning out the aircraft.
They told BuzzFeed News: “Taylor’s jet is loaned out regularly to other individuals.
“To attribute most or all of these trips to her is blatantly incorrect.”
The Grammy winner was named by analytics agency Yard for taking 170 flights since January and reportedly emitting more than 800 tons of carbon.
Despite the representative’s comment, critics on Twitter argued Swift is still at fault for her top spot on the carbon league table, even if other people are using the aircraft.
Kylie Jenner, Drake and other celebrities have also sparked outrage over their frequent private jet use.
The “Keeping Up With the Kardashians” star, posted a photo of herself and partner Travis Scott, 31, standing between their aircraft on July 15, writing: “You wanna take mine or yours?”
The social media upload, and the make-up mogul’s flight history, led many to refer to her as a “climate criminal”.
She has yet to address the row.
Drake, 35, used Instagram last week to defend a 14-minute flight.
He said: “This is just them moving planes to whatever airport they are being stored at for anyone who was interested in the logistics. Nobody takes that flight.” | https://www.iol.co.za/travel/world/north-america/taylor-swifts-representative-defends-singers-private-jet-use-d07075ff-6a45-5eb7-985d-139bccc2cd5f | 2022-08-02T08:20:37Z | https://www.iol.co.za/travel/world/north-america/taylor-swifts-representative-defends-singers-private-jet-use-d07075ff-6a45-5eb7-985d-139bccc2cd5f | true | 2 |
ANKARA, August 2. /TASS/. The West’s potential pressure on Turkey in order for it to change its position on the Montreux Convention which regulates maritime traffic in the Straits will be useless, Director of Turkey’s Foreign Policy Institute Huseyin Bagci told TASS on Tuesday.
In March, Turkey closed passage through the Bosporus and the Dardanelles for warships of any country citing its right to do so within the framework of the Montreux Convention. Turkish Defense Minister Hulusi Akar repeatedly asserted that to date, not a single warship of non-adjacent countries has entered the Bosporus and Ankara supports the preservation of the existing balance in the Black Sea region.
"Putting pressure on Turkey under various pretexts is senseless and hopeless," the expert said replying to a question about possible pressure on Ankara on the part of some NATO allies who, according to media outlets, earlier have already made such attempts using the Istanbul grain talks as an excuse.
"Yes, Turkey is a NATO country but the Montreux Convention and the grain deal have nothing to do with the alliance and are not the purview of NATO. In this case, Turkey, on one hand, acts based on the authority vested in it by the Convention, on the other, [it acts] as a country of the Black Sea region which implements the policy of regional balances," the political scientist said.
He added that Turkey has special relations with Russia and Ukraine which "significantly facilitated reaching the Istanbul grain agreements." "I think, [Turkey] won’t stop with these achievements and will use its potential to attain settlement in Ukraine," the expert said.
A package of documents geared towards resolving the issue of food and fertilizer supplies on global markets was signed on July 22 in Istanbul. Under the Russia-UN memorandum, the United Nations undertakes to work toward lifting anti-Russian restrictions hampering the exports of agricultural products and fertilizers. Another document envisages a mechanism of exporting grain from Ukraine-controlled Black Sea ports. An agreement between Russia, Turkey, Ukraine and the United Nations provides for the establishment of a four-party coordination center to search ships carrying grain in order to prevent weapons smuggling and avoid any false flag. Within the framework of the implementation of the "grain deal," the first dry cargo vessel carrying corn left Odessa on August 1. | https://tass.com/world/1487809 | 2022-08-02T08:24:59Z | https://tass.com/world/1487809 | true | 1 |
SEC: Insider trading ahead of Nexen takeover
The Securities and Exchange Commission filed a complaint in court against a firm controlled by a Chinese billionaire and other traders, accusing them of making more than $13 million from insider trading ahead of a bid by China's CNOOC for Canadian oil company Nexen Inc.
The SEC said Friday the federal court in Manhattan had frozen assets worth more than $38 million belonging to Hong Kong-based Well Advantage, controlled by Zhang Zhirong, and other unnamed traders who used accounts in Hong Kong and Singapore to trade in Nexen stock.
They made trading profits of $7 million and $6 million respectively by using inside knowledge of the merger to buy Nexen shares before the announcement, the SEC says.
The trading was suspicious, the SEC claims in its complaint, because the accounts used to buy the shares had "either no history or extremely limited history" of buying Nexen shares before July 2012.
CNOOC said on July 23 it had agreed to acquire Nexen for $15.1 billion, China's biggest foreign takeover bid. Shares of Nexen jumped almost 52 percent that day.
The SEC does not allege any wrongdoing by Zhang, but notes that he is the controlling shareholder of a company that engages in significant business activities with CNOOC.
A spokeswoman for CNOOC declined to comment. Calls to Well Advantage's office in Hong Kong were not answered Saturday.-- Reuters | https://www.newsday.com/business/sec-insider-trading-ahead-of-nexen-takeover-l64510 | 2022-08-02T08:27:34Z | https://www.newsday.com/business/sec-insider-trading-ahead-of-nexen-takeover-l64510 | true | 1 |
Doctors will turn off Archie Battersbee's life support today: Family's fight to keep the 12-year-old alive enters final hours as they vow to go to Supreme Court after judges refused to postpone withdrawal of his life-sustaining treatment
- Archie, who has been in a coma since April, is expected to be taken off his ventilator at 12pm today
- Court of Appeal ruled continuing life support was not in the best interests of 12-year-old from Essex
- Judges rejected a plea from his parents to keep Archie alive until his case could be considered by UN
- But family were given short delay until today to could consider any other last-minute legal applications
Doctors treating Archie Battersbee will withdraw his life support at midday today - unless the Supreme Court agrees a dramatic last-minute intervention.
The 12-year-old boy from Southend-on-Sea in Essex, who has been in a coma since April, is expected to be taken off his ventilator at 12pm after the Court of Appeal ruled continuing life support was not in his best interests.
A panel of three judges rejected a plea from his parents to keep Archie alive until his case could be considered by the UN Committee on the Rights of Persons with Disabilities. But they gave the family a short delay on withdrawing life support until noon today, so they could consider any other last-minute legal applications they wish to make.
The Court of Appeal judges yesterday refused to grant permission to Archie's parents - Hollie Dance and Paul Battersbee, who are separated but both live in Southend - to appeal against their ruling at the Supreme Court.
However, Miss Dance and Mr Battersbee could now ask Supreme Court justices to consider their application for permission to appeal directly – despite that same court previously refusing them permission to appeal.
Speaking today on Good Morning Britain, she said: 'I know Archie's still with us. I promised Archie I would fight for his life to the end and that's what I'm doing. All he needs is time, that's what we're asking for.'
There has not yet been any word from the Supreme Court over whether judges had agreed to accept the family's case, meaning any decision over Archie's fate could come at the 11th hour today. If the court agrees to hear the case then doctors will be ordered to keep him on life support until judges have reached a decision.
Archie, an aspiring Olympic gymnast, was fit and healthy until April this year, when he was found unconscious at home. His mother believes he was taking part in an online 'blackout' challenge. He suffered catastrophic brain damage and has never regained consciousness. Doctors say his brain stem is dead, meaning he will not recover.
Archie, of Southend-On-Sea, Essex, suffered brain damage at home on April 7 and is in coma. Medics say he is 'brain dead'
Doctors have been given permission to turn off Archie's life support machine, but his parents are trying to continue the fight to keep him alive. Pictured is Archie in hospital
Archie was found with a ligature around his neck on April 7 and never regained consciousness. Doctors at the Royal London Hospital in Whitechapel believe he is 'brain-stem dead' but his parents are fighting to keep his mechanical ventilation
The parents of Archie Battersbee, Paul Battersbee and Hollie Dance, outside Royal London Hospital in Whitechapel yesterday
The Christian Legal Centre said that it will stand by Archie's parents (pictured yesterday) as they fight in the Supreme Court
Miss Dance and Mr Battersbee made an urgent application to the UN Committee on the Rights of Persons with Disabilities last week after their court battle against Barts Health NHS Trust over his treatment ended.
The youngster was due to have his life-support at the Royal London Hospital in east London ended yesterday at 2pm, after a High Court judge ruled this to be in his best interests and the family exhausted all routes of appeal.
However, the UN committee issued a request to the UK Government last Friday, asking that it 'refrain from withdrawing life-preserving medical treatment, including mechanical ventilation and artificial nutrition and hydration' from Archie while his case is under consideration by the committee.
The Government's legal department then wrote an urgent letter on Sunday on behalf of Health Secretary Steve Barclay, asking the courts to urgently consider the committee's request.
Sir Andrew McFarlane, sitting with Lady Justice King and Lord Justice Moylan, said yesterday: 'My decision is that, save for granting a short stay until 12 noon tomorrow, the parents' application for any further stay is dismissed.'
The judge said the Convention on the Rights of Persons with Disabilities, under which the UN committee made its request, is an 'unincorporated international treaty'.
He said: 'It is not part of the law of the United Kingdom ... and it is not appropriate for this court to apply an unincorporated international treaty into its decision-making process.'
He added: 'Every day that (Archie) continues to be given life-sustaining treatment is contrary to his best interests and, so, a stay, even for a short time, is against his best interests.'
The judge said that was the decision that has been taken in the courts of England and Wales.
The judges refused to grant permission to appeal against their ruling at the Supreme Court.
Miss Dance indicated she and Mr Battersbee will make an application to the UK's highest court.
She said: 'We continue to be shocked and traumatised by the brutality of the UK courts and the hospital trust.
'Our wishes as parents continue to be trampled on and ignored. We do not understand the urgency and rush to end life-support.
'The hospital trust has at no point given us time to come to terms with what has happened.
'This is no way for a compassionate society to treat a family in our situation. We will continue to fight for Archie.'
In his ruling, Sir Andrew referred to the medical evidence before Mr Justice Hayden, who ruled on July 15 that Archie's life-sustaining treatment should be withdrawn.
He said: 'In short, his system, his organs and, ultimately, his heart are in the process of closing down. The options before the court have always been stark.'
The judge added that the options before the courts on previous occasions were either that treatment was withdrawn immediately, resulting in Archie's death a short while later, or the option favoured by his parents that he would die at some time in the coming weeks - in their words at a time 'chosen by God'.
Edward Devereux QC, acting for Miss Dance and Mr Battersbee, had argued that the committee's request is 'binding' under international law.
However, lawyers representing both the trust and Archie's guardian - an independent expert appointed to make submissions about his welfare - argued the request was not enforceable.
Archie's case was first heard in May, by a High Court judge who concluded treatment should be withdrawn, but that decision was overturned by the Court of Appeal on the basis that the wrong legal test had been applied and sent for reconsideration by a different judge.
A letter from the NHS Trust to Archie's parents, which was shared with MailOnline with their permission
In a letter, Archie's parents Hollie Dance and Paul Battersbee plead with Health Secretary Steve Barclay to intervene
Archie has not regained consciousness after he was found unresponsive with a ligature around his neck at his home
Archie with his mother Hollie Dance (left), brother Tom Summers and sister Lauren Summers
Following a second High Court hearing, Mr Justice Hayden ruled it was in Archie's best interests for treatment to be withdrawn and that doing so would be 'lawful'.
The Court of Appeal refused permission to appeal against that decision and the Supreme Court refused to grant a further stay to the withdrawal of life support on Thursday last week.
Archie's parents then made an application to the UN committee and received a letter on Friday which included a request for 'the state party to refrain from withdrawing life-preserving medical treatment, including mechanical ventilation and artificial nutrition and hydration' while it considered Archie's case.
The trust wrote to the family over the weekend to inform them it intended to end treatment yesterday afternoon, but the Government then referred the UN's request to the court for 'urgent consideration' on Sunday.
Miss Dance said previously the family felt 'relieved' that the Government had taken the UN's intervention seriously.
Archie's parents are being supported by campaign organisation the Christian Legal Centre.
The trust previously said in a letter to Miss Dance and Mr Battersbee that the withdrawal process will aim to 'preserve Archie's dignity'.
The trust said in the letter: 'We understand that any discussions around the withdrawal of Archie's treatment are very difficult and painful.
'However, we want to ensure that you and your family are involved as much as you wish to be.'
It added: 'You or any of the family may wish to lie on Archie's bed with him or have him in your arms, if that should be practically possible.'
Miss Dance said this would amount to 'extraordinary cruelty' and a 'flagrant breach of Archie's rights as a disabled person'.
She said: 'Archie is entitled to have the decisions about his life and death, taken by the NHS and UK courts, to be scrutinised by an international human rights body.
'Hastening his death to prevent that would be completely unacceptable.'
Judges heard that Miss Dance found Archie unconscious with a ligature over his head on April 7, after she believes he took part in an online challenge.
Doctors believe Archie is brain-stem dead and say continued life-support treatment is not in his best interests.
Today, a former High Court judge for the Family Division said parents 'need all the time that they need to get to grips with the appalling tragedy that they are unexpectedly confronted with', in cases where they face losing their child.
Asked to explain how he sees his role as a judge, Sir Mark Hedley told BBC Radio 4's Today programme: 'The law itself is quite straightforward: it requires me to act in the interests of the child and to look at the child's interests, so far as I can, through the eyes of the child.
'The views of the parents, the medical authorities, are before me through their respective teams and my job is to try and look at it through the eyes of the child.'
Sir Mark said there is a case for saying lawyers should not be introduced 'too quickly'.
He added: 'If there is a process by which parents and doctors can mediate before the lawyers are involved that might be helpful in many cases.
'But within the courtroom itself, in my experience, the tensions in the actual courtroom are quite low. Everybody is trying their very best to give of their best in impossibly difficult circumstances.'
A spokesman for the Department of Health and Social Care said: 'We recognise this is an exceptionally difficult time for Archie Battersbee's family and our thoughts are with them.
'The Government asked the High Court to urgently consider the request from the UN Committee on the Rights of Persons with Disabilities.'
Alistair Chesser, chief medical officer for Barts Health NHS Trust, said: 'Our heartfelt sympathies and condolences remain with Archie's family at this difficult time.
'We are following the direction of the courts, so no changes will be made to Archie's care whilst the family appeal to the Supreme Court, though we will prepare to withdraw treatment after mid-day tomorrow unless directed otherwise.' | https://www.dailymail.co.uk/news/article-11071993/Archie-Battersbee-Doctors-turn-boys-life-support-today.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-02T08:27:49Z | https://www.dailymail.co.uk/news/article-11071993/Archie-Battersbee-Doctors-turn-boys-life-support-today.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true | 3 |
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HONG KONG SAR - Media OutReach - 2 August 2022 - A pioneering and bold attempt to apply artificial intelligence (AI) technologies in the performing arts was carried out by Hong Kong Baptist University (HKBU) in a public concert held on 14 July in Hong Kong.
The innovative performance was the first human-AI collaboration of its kind in the world, and it showcased how AI can be a creative force that can perform music, create cross-media art, and dance.
The performance was powered by the AI technologies developed by HKBU scientists under the "Building Platform Technologies for Symbiotic Creativity in Hong Kong" research project. The concert, dubbed "A Lovers' Reunion", was the Annual Gala Concert of the HKBU Symphony Orchestra, and it was conducted by its music director, Professor Johnny M Poon.
The research project is led by Professor Guo Yike, Vice-President (Research and Development) of HKBU, and supported by HK$52.84 million (US$6.77 million) in funding from the Theme-based Research Scheme under the Research Grants Council. Its deputy project coordinator, Professor Johnny M Poon, is the Associate Vice-President (Interdisciplinary Research) and the Founding Dean of HKBU's School of Creative Arts.
The project team also comprises computer scientists from HKBU's Augmented Creativity Lab. The unique mix of scientists and artists in the project team enables them to merge their cross-disciplinary knowledge and come up with sparkling ideas on how to unleash the endless possibilities of art creation with the infusion of cutting-edge technologies.
At the Concert, the project team presented a performance that marked the first time in the world that an AI choir had combined with an AI-generated visual storyteller to perform interactively with a conductor and an orchestra. The HKBU Symphony Orchestra shared the stage with an AI virtual choir to perform a newly arranged version of the song Pearl of the Orient with the voices of 320 virtual performers.
The AI virtual choir was "trained" by HKBU researchers using the generative models of singing that they built by extracting and disentangling key contributing features of vocal singing from a collection of songs recorded by professional singers.
An AI media artist learnt from the lyrics of the Pearl of the Orient, and it created a stunning cross-media visual narrative of the song according to its interpretation of the underlying meaning of the lyrics. Unlike the conventional AI machines that import images as a reference for the algorithms to mimic, it used textual lyrics as the sole input so that it can associate the underlying meaning of the lyrics with an appreciation of the beauty of Hong Kong.
Another highlight of the Concert was a ballet performance featuring AI virtual dancers in Ravel's Daphnis et Chloé, accompanied live by the HKBU Symphony Orchestra. With the help of professional dancers from the Hong Kong Dance Company, the AI virtual dancers interpreted the underlying emotional and aesthetic connections between the music and the dance. The dance movements, inspired by a newly discovered species of box jellyfish in Hong Kong, were then choreographed.
Please click here to view highlights of the performance, and click here for more production details of the performance.
The AI-driven performance is one of the many milestone deliverables of the "Building Platform Technologies for Symbiotic Creativity in Hong Kong" research project, and others include an art data repository, a generative AI algorithms system, a research theatre, a digital art and policy network, and some unique and creative application projects, to name but a few.
Another important initiative HKBU is organising is the "Human, Machine, Art, Creativity: International Symposium" in the Hong Kong Convention and Exhibition Centre on 9 August.
"AI is revolutionising numerous fields of knowledge, and it is playing a more and more significant role in many creative processes like music, visual arts and architecture. The Symposium will gather world-renowned researchers from academia and industry, crossing different expertise areas, to jointly discuss emerging topics in human-AI symbiotic art creativity," said Professor Guo.
The Symposium will cover topics including the enabling technologies of symbiotic art creation and manifestation, the aesthetics and cognitive values of symbiotic art creativity, the new trend of the art economy with Web 3.0, new issues raised by the new forms of art in society, and the impact on art community stakeholders, among others.
Interested parties can visit the Symposium's website for more details.
Hashtag: #HongKongBaptistUniversity #HKBU | https://www.taiwannews.com.tw/en/news/4614156 | 2022-08-02T08:30:49Z | https://www.taiwannews.com.tw/en/news/4614156 | true | 6 |
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A2Z Market Research published new research report on Global Blood Bank Information Systems Market covering the micro-level of analysis by competitors and key business segments (2022-2027). The Global Blood Bank Information Systems market report explores a comprehensive study on various segments like opportunities, size, development, innovation, sales, and overall growth of major players. Over the past year, we’ve witnessed an unprecedented wave of innovation in the Healthcare industry. This year, we’re already seeing the emergence of new, more advanced technologies, which can perform a wide range of tasks.
Get Sample Report With Table And Graphs: www.a2zmarketresearch.com/sample?reportId=315150
The market was studied across External Blood Bank Information Systems and Internal Blood Bank Information Systems based on Category. Report provides a basic overview of the industry including definitions, classifications, applications and Blood Bank Information Systems industry chain structure. Top Companies in this report are: McKesson, Blood Bank Computer Systems, Mediware, Jinfeng Yitong, Roper Industries, Fengde, Zhongde Gaoye, Mak-System, Cerner Corporation, IT Synergistics, Haemonetics, SCC Soft Computer, Compugroup, Psyche Systems, Integrated Medical Systems
“The Global Blood Bank Information Systems Market size was estimated at a reasonable million USD in 2021 and expected to reach a healthy million USD in 2022, and is projected to grow at a steady CAGR to get a prominent million USD by 2027.”
Blood Bank Information Systems Market Overview:
Various factors are responsible for the Blood Bank Information Systems market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Healthcare competitors. This report is a consolidation of primary and secondary research, which provides Blood Bank Information Systems market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitutes, and the degree of competition prevailing in the Blood Bank Information Systems market. Our report offers a comprehensive account of the current state of the Healthcare market and describes its future prospects as well. We also illustrate how to make future business plans based on our predictions.
Segmentation
The report offers an in-depth assessment of the Blood Bank Information Systems market strategies, geographic and business segments of the key players in the market, also provides insights on current and future market trends, prominent regional market analysis and industry chain analysis of the global and regional Blood Bank Information Systems markets.
Type
Blood Donor Management Module, Blood Bank Transfusion Service Module, Others
Application
Blood Station, Hospital
The Blood Bank Information Systems market was studied across the Americas, Asia-Pacific, Europe, Middle East & Africa based on region. The Americas is further explored Blood Bank Information Systems report across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied Blood Bank Information Systems report across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further analyzed Blood Bank Information Systems report across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. Finally, Europe, the Middle East & Africa is further studied. Blood Bank Information Systems report across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and the United Kingdom.
Get Discount: www.a2zmarketresearch.com/discount/315150
Cumulative Impact of COVID-19 on Blood Bank Information Systems report:
Our ongoing Blood Bank Information Systems report research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. In addition, the updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the Blood Bank Information Systems market.
The Porter Matrix evaluates and categorizes the Blood Bank Information Systems vendors in the market based on Business Strategy (Industry Coverage, Business Growth, Financial Viability, and Channel Support) and Blood Bank Information Systems Product Satisfaction (Ease of Use, Product Features, Value for Money, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Blood Bank Information Systems Market Share Analysis: Knowing Blood Bank Information Systems’s market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the Blood Bank Information Systems market characteristics in accumulation, dominance, fragmentation, and amalgamation traits.
The report answers questions such as:
1. What is the Blood Bank Information Systems market size and forecast of the Global Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Blood Bank Information Systems Market during the forecast period?
3. Which products/segments/applications/areas to invest in over the forecast period in the Global Blood Bank Information Systems Market?
4. What modes and strategic moves are suitable for entering the Global Blood Bank Information Systems Market?
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+1 775 237 4147 | https://thenelsonpost.ca/news/303247/global-report-on-blood-bank-information-systems-market-with-mckesson-blood-bank-computer-systems-mediware-jinfeng-yitong-roper-industries-report-2022-sophisticated-analysis-with-growth-forecasts/ | 2022-08-02T08:35:12Z | https://thenelsonpost.ca/news/303247/global-report-on-blood-bank-information-systems-market-with-mckesson-blood-bank-computer-systems-mediware-jinfeng-yitong-roper-industries-report-2022-sophisticated-analysis-with-growth-forecasts/ | true | 1079 |
V2 further empowers all teams to create and scale standout audience experiences
LINZ, Austria, Aug. 2, 2022 /PRNewswire/ -- Storyblok, the content management system (CMS) category leader for 2022 that empowers both developers and content teams to create better content experiences across all digital channels, today announced the launch of its all-new CMS. Storyblok V2 includes a fresh user interface complete with an all new design experience, collaboration tools, and an enhanced digital asset manager designed to improve content workflows.
In Storyblok's The State of Content Management 2022 report, it was revealed that 47.96% of businesses use 2 to 3 CMSs, and 47.08% said 2 to 3 different teams use those CMSs. V2 further solidifies Storyblok as a future-proof CMS that enhances content experiences at any scale.
Storyblok's powerful headless CMS architecture enables developers to build anything, publish everywhere, and integrate with any technology stack. Content teams are empowered to create independently with a visual editing experience, Google Docs-style collaboration suite, composable components, presets, and powerful publishing workflows. V2 also introduces support for a US data center, providing Storyblok users with additional hosting options across the US and Europe. All of this results in a scalable digital experience for audiences that delivers fast performance, optimized omnichannel storytelling, and robust personalization and localization.
A Forrester report called The Forrester Wave™: Agile Content Management Systems (CMSes), Q1 2021 said: "As organizations produce more experiences that leverage a common back end, the value of those services and assets increases relative to the cost to create them. Brands grapple with the challenge of delivering content to new endpoints (e.g., web, mobile, smart displays, voice assistants, and marketplaces), so it's important to manage content and experiences centrally to drive reuse. This makes updating and analyzing — and optimizing — experiences more efficient as well."
"We've been fortunate to have a front-row view inside the content operations of some of the world's leading businesses," said Alexander Feiglstorfer, Co-Founder and CTO of Storyblok. "We built V2 because companies need flexibility and smarter workflows to adapt and scale to support the ever-increasing complexity of omnichannel digital experiences. After testing it in beta with our 82k+ users over the past year and listening to their feedback, we're finally ready to show even more companies what content management should be like in the 21st century."
"We live in a world of connected channels and interfaces and expect modern digital experiences for every digital interaction. But most CMSs in use today were built at a time when there were only desktop web browsing experiences," said Dominik Angerer, Co-Founder and CEO of Storyblok. "Many businesses fail at managing content across departments and are not capable of providing high performance, personalized experiences at scale. It's time for businesses to fix these challenges. Storyblok V2 is the content engine for any digital experience and helps businesses tell their stories on any channel."
On Thursday, August 4th at 11am Eastern / 5pm CEST, Storyblok is hosting a live V2 launch event that includes a demo of the new features and a panel discussion exploring the future of content experiences. Register here to attend this online event and see the full schedule.
Resources
- Learn more about Storyblok: https://www.storyblok.com
- View Storyblok's press kit (includes images of V2): https://www.storyblok.com/press
- See case studies: https://www.storyblok.com/case-studies
About Storyblok
Storyblok, the content management system (CMS) category leader for 2022, empowers both developers and content teams to create better content experiences across any digital channel.
Storyblok enhances audience experiences with best-in-breed performance, optimized omnichannel storytelling, and robust personalization. Enable content teams to create and manage content intuitively and independently with drag and drop visual editing, custom collaboration workflows, and a world-class digital asset manager. Empower developers to build anything, integrate with everything, and publish everywhere with Storyblok's headless CMS architecture.
Leading brands such as Adidas, T-Mobile, Harvard Business School, Renault, and Marc O'Polo use Storyblok to shape their digital storytelling.
See why Storyblok was named the #1 CMS for 2022 by G2 at www.storyblok.com and follow Storyblok on LinkedIn and Twitter.
Press Contact
Brandon Watts
brandon.watts@storyblok.com
View original content:
SOURCE Storyblok | https://www.alaskasnewssource.com/prnewswire/2022/08/02/storyblok-launches-new-cms-experience-shape-future-digital-storytelling/ | 2022-08-02T08:35:47Z | https://www.alaskasnewssource.com/prnewswire/2022/08/02/storyblok-launches-new-cms-experience-shape-future-digital-storytelling/ | true | 12 |
BY CLAUDIA TALLY
A petition from candidates in Moresby Northwest has prevented counting from progressing for almost four days and the returning officer fears they may not meet the deadline if this continues.
Returning Officer Vincent Manukayasi said counting was suspended since Friday last week and at 9am yesterday he received a letter from candidates notifying him that counting would be further boycotted until their demands have been met.
“The attached MoU serves to inform you of our collective stance to boycott counting for Port Moresby Northwest until our concerns are adequately addressed. Effective immediately our scrutineers will vacate PILAG counting venue and continue this boycott until further notice,” the letter supported by 16 of the 27 Moresby Northwest candidates stated.
By 1.30pm yesterday, counting did not start as only eight scrutineers were present at the venue at Pacific Institute of Leadership and Governance, Waigani.
Mr Manukayasi said since counting began he has received a number of petitions all calling for a recount of ballot boxes.
“They want a recount but we can’t do a recount. We have the quality check coming up where we will go back and recount and recheck all the individual ballot papers,” he said.
Mr Manukayasi also advised that he would circulate a notice to all scrutineers advising that he would go ahead with counting and that they should be present.
According to him at least 15 scrutineers should be present for the counting process to resume.
At the time of interview there were 14 ballot boxes yet to be counted; 3 from Ward 1, 1 from Ward 10 and 10 from Ward 7.
“If we don’t start now (yesterday), we have the quality check to go through also and I’m afraid we won’t make the deadline,” said Mr Manukayasi.
The candidates have also written to NCD Election Manager Kila Ralai seeking an audience with him regarding responses to their petitions. | https://postcourier.com.pg/petitions-stop-counting-in-moresby-northwest/ | 2022-08-02T08:37:02Z | https://postcourier.com.pg/petitions-stop-counting-in-moresby-northwest/ | false | 1 |
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A2Z Market Research published new research report on Global Military Aircraft Ejection Seats Market covering the micro-level of analysis by competitors and key business segments (2022-2027). The Global Military Aircraft Ejection Seats market report explores a comprehensive study on various segments like opportunities, size, development, innovation, sales, and overall growth of major players. Military Aircraft Ejection Seats Market research report on the latest developments in the world of Military Aircraft Ejection Seats. Scoured the trade press and spoke to Electronics & Semiconductor industry insiders to bring you a report that’s as up to date as the moment. Military Aircraft Ejection Seats report covers the latest trends in the wine market, including new wines, packaging, and the wine trade. We’ve also included a section on the economic outlook for the Military Aircraft Ejection Seats market, which might affect sales over the next few years.
Get Sample Report With Table And Graphs: www.a2zmarketresearch.com/sample?reportId=21204
The market was studied across External Military Aircraft Ejection Seats and Internal Military Aircraft Ejection Seats based on Category. Report provides a basic overview of the industry including definitions, classifications, applications and Military Aircraft Ejection Seats industry chain structure. Top Companies in this report are: Martin-Baker Aircraft, NPP Zvezda, RUAG Group, SEMMB, Safran, UTC Aerospace Systems
“The Global Military Aircraft Ejection Seats Market size was estimated at a reasonable million USD in 2021 and expected to reach a healthy million USD in 2022, and is projected to grow at a steady CAGR to get a prominent million USD by 2027.”
Military Aircraft Ejection Seats Market Overview:
Various factors are responsible for the Military Aircraft Ejection Seats market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Electronics & Semiconductor competitors. This report is a consolidation of primary and secondary research, which provides Military Aircraft Ejection Seats market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitutes, and the degree of competition prevailing in the Military Aircraft Ejection Seats market. Our report offers a comprehensive account of the current state of the Electronics & Semiconductor market and describes its future prospects as well. We also illustrate how to make future business plans based on our predictions.
Segmentation
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Type
Combat Aircraft Ejection Seat, Training Aircraft Ejection Seat
Application
Combat Aircraft, Trainer Aircraft
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The Porter Matrix evaluates and categorizes the Military Aircraft Ejection Seats vendors in the market based on Business Strategy (Industry Coverage, Business Growth, Financial Viability, and Channel Support) and Military Aircraft Ejection Seats Product Satisfaction (Ease of Use, Product Features, Value for Money, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
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+1 775 237 4147 | https://thenelsonpost.ca/news/303267/global-report-on-military-aircraft-ejection-seats-market-with-martin-baker-aircraft-npp-zvezda-ruag-group-semmb-safran-size-present-and-future/ | 2022-08-02T08:37:27Z | https://thenelsonpost.ca/news/303267/global-report-on-military-aircraft-ejection-seats-market-with-martin-baker-aircraft-npp-zvezda-ruag-group-semmb-safran-size-present-and-future/ | true | 1079 |
The purr-fect dining experience is upon us, as one pet food company is set out to open an Italian restaurant that intends to “mirror the sensory experience of cats at mealtime”.
Do you have to eat on all fours? I mean, no one is stopping you, but that would be a bit weird.
Pet food company Fancy Feast will open a pop-up restaurant in New York and will be serving cat food-inspired dishes to a lucky handful of diners.
The pet food company has designed a specialty menu in collaboration with chef Amanda Hassner and Michelin star chef Cesare Casella.
The menu will feature dishes inspired by tinned cat food from the pet food company with dishes like ‘salmone con pomodorini’ and ‘brasato di manzo’, according to a sample menu posted by the company.
“Food has the power to connect us to others in meaningful ways and take us to places we have never been,” said Hassner.
Hassner intends for the dishes to be “prepared in ways that help cat owners understand how their cats experience food – from flavor, to texture, to form”.
Reservations for the restaurant will open soon, but be quick, only 16 lucky cat aficionados will be lucky enough to dine at the restaurant.
I wonder if you’ll be allowed to bring your cat?
This tweet is unavailable or no longer exists. | https://10play.com.au/theproject/articles/you-can-now-eat-gourmet-cat-food-for-humans-at-this-new-york-restaurant/tpa220802fwbka | 2022-08-02T08:37:47Z | https://10play.com.au/theproject/articles/you-can-now-eat-gourmet-cat-food-for-humans-at-this-new-york-restaurant/tpa220802fwbka | false | 1 |
EAST Sepik Governor Allan Bird says he does not dream to become a Prime Minister but his priority is to use the mandate for the good of the Sepik people.
He says he was born at Boram Hospital in Wewak but his mother took him and his sister to Madang when he was a toddler in search of a better life just after independence.
He says he grew up in the settlements of Madang and that was his better life and many Sepiks and PNGeans have similar stories to his.
However, he said he has one goal in life and that is to try and make the place he was born in a better place for other children to grow up in so that they don’t have to live the life that he and many others did.
“I am not one of those MPs who dreams of becoming PM so I can change the world,” Mr Bird said.
“I try to change the world with whatever I have now.
“I have experienced first-hand two prime ministers and I already know who the one who cares about Sepik people.
“Do I agree with everything Hon Marape stands for? No I don’t but I focus on the things we do agree on.
“Do I swap something that works for a gamble? I don’t play pokies, I don’t bet on horses, I don’t gamble. I make calculated decisions based on facts and experience.
“The Sepik people took a gamble on me in 2017. In 2022, they elected someone they know. It’s no longer a game of chance for them.
“They know me. They made a deliberate decision this time.
“By the same token, do I take a risk on some unknown PM we have never seen in the job before?
“I have worked in a building full of ambitious people in the last five years.
“It has given me enough time to assess how all of them will perform once they have power.
“Every colleague MP has made their own assessments just like I have. Mipla ino longlong. (We are not stupids)
“I have seen many of the PM aspirants many of you talk about.
“While they may look so nice and humble and go to church, when they had power, the hidden narcissist came out.
“Some of these MPs would be worse than O’Neil if they became PM. There are two MPs other than Marape I would trust with the PM’s job but both of them are not ready yet.
“My first priority is to the Sepik people and that means finding the best PM who cares about Sepiks just as much as he cares for every other PNGean.
“The Sepiks need a PM who will give them the same opportunities that other PNGeans have.
“I told them what Mr Marape has done for them at every single rally I went to. They gave me 127,000 votes, 67,000 votes more than in 2017.
“I will use this mandate for the good of the Sepik people because I believe what is good for the Sepik people, is also good for PNG.
“We have a Vision to build the Sepik economy so that Sepik can contribute more to the country.
“Marape sees that vision.
“He gave us the EU STREIT program because it’s part of the Vision. Marape approved the financing arrangement for wharves and infrastructure in the greater Sepik because he sees the Vision of how Sepik can contribute to the country.
Do I, as governor and spokesman throw away this Vision in a gamble for politics? My desire is to help PNG by getting Sepik and Sepik people to realise our fullest potential.
PNG needs every province to be strong, prosperous and peaceful. We are attempting to achieve this outcome in our part of the world.
Politics is just another tool to achieving our Vision and that Vision is aligned to Vision 2050. And we will stick with what works.” | https://postcourier.com.pg/why-marape/ | 2022-08-02T08:38:41Z | https://postcourier.com.pg/why-marape/ | false | 1 |
Brittney Griner back in Russian court on cannabis charge
KHIMKI, Russia (AP) - Brittney Griner was back in court on Tuesday for her trial for cannabis possession amid U.S. diplomatic efforts to secure her release.
If convicted, the WNBA star and two-time Olympic gold medalist could face 10 years in prison. As her trial has progressed, the Biden administration has faced growing public pressure to get her released.
In an extraordinary move, Secretary of State Antony Blinken last week spoke to his Russian counterpart, Sergey Lavrov, urging him to accept a deal under which Griner and Paul Whelan, an American imprisoned in Russia on an espionage conviction, would go free.
The Lavrov-Blinken call marked the highest-level known contact between Washington and Moscow since Russia sent troops into Ukraine more than five months ago, the direct outreach at odds with U.S. efforts to isolate the Kremlin.
People familiar with the proposal say it envisions trading Griner and Whelan for the notorious arms trader Viktor Bout. It underlines the public pressure that the White House has faced to get Griner released.
White House Press Secretary Karine Jean-Pierre told reporters Monday that Russia has made a “bad faith” response to the U.S. government’s offer, a counteroffer that American officials don’t regard as serious. She declined to elaborate.
Griner has acknowledged there were vape canisters containing cannabis oil in her luggage when she was arrested at a Moscow airport in February. But she insisted that she had no criminal intent and that the canisters ended up in her luggage because she was packing hastily. Griner played for a Russian women’s basketball team in the WNBA off-season.
To bolster her case, her defense lawyers presented testimony from doctors that she was prescribed cannabis as a treatment for pain. Medical marijuana treatment is not legal in Russia.
While judges have leeway to consider mitigating factors under Russian law, acquittals are rare and account for less than 1% of cases in Russian criminal prosecutions.
A conviction, however, could potentially pave the way for Griner’s exchange as Russian officials said it could only happen after the judicial process is completed.
Tom Firestone, a Washington attorney who formerly served as legal adviser at the U.S. Embassy in Moscow, said Griner could be handed a tough sentence as a way for Russians “to maximize their leverage in negotiations.” He told The Associated Press that Russia “may want to let this play out a little bit longer and try to extract more concessions.”
Russian officials have scoffed at U.S. statements about the case, saying they show a disrespect for Russian law. They remained poker-faced, urging Washington to discuss the issue through “quiet diplomacy without releases of speculative information.”
___
Eric Tucker in Washington DC contributed to this story.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wtap.com/2022/08/02/brittney-griner-back-russian-court-cannabis-charge/ | 2022-08-02T08:42:07Z | https://www.wtap.com/2022/08/02/brittney-griner-back-russian-court-cannabis-charge/ | false | 50 |
Arsenal transfer news LIVE: Leicester ‘expecting Tielemans bid’, Timo Werner LATEST, Leno closing in on Fulham
LEICESTER are expecting Arsenal to swoop in and make an offer for Youri Tielemans before the summer transfer window slams shut, according to reports.
Elsewhere, the Gunners are reportedly thinking about making a bid for Chelsea flop Timo Werner this summer.
Meanwhile, the club have reached a full agreement with Fulham over the signing of Bernd Leno who is set to undergo his medical this week.
The German international is desperate for some first team action with the World Cup just months away.
However, Mikel Arteta has revealed Arsenal's transfer activity is NOT yet finished this summer as there is plans for more incomings.
Get all the latest transfer news from around the world...
IN: Marquinhos, Fabio Vieira, Matt Turner, Gabriel Jesus, Oleksandr Zinchenko
OUT: Alexandre Lacazette (released)
Torreira set for Galatasaray transfer
Lucas Torreira is set to end his Arsenal hell and join Galatasaray.
Torreira expressed his desire to quit Arsenal this summer after spending last season on loan with Fiorentina.
And he's finally got his wish it's been claimed by Fabrizio Romano.
He tweeted: "Arsenal have received Galatasaray proposal for Lucas Torreira. It would be a permanent deal, waiting for the player to agree on personal terms.
"Arsenal are prepared to accept and sell Torreira immediately."
Arsenal get transfer tips
The acquisition of Gabriel Jesus won't be enough for Arsenal to challenge the Premier League big boys.
That's according to Kevin Campbell who reckons the Gunners need another forward who's more versatile to break into the Prem elite.
He told Football Insider: "We need another forward.
"I would sign a versatile forward who can play across the front line. This is where Liverpool and Man City have got it right in my opinion. They have interchangeable pieces up top."
Keane rubbishes top four chances
Arsenal's hopes of a top-four finish next season have been rubbished by Roy Keane.
Keane reckons the Gunners' best chance of Champions League qualification came and went last season when they were pipped to the position by Spurs.
And he doubts they've got the minerals to snatch the coveted spot this time round, despite making a slew of signings.
Keane said on Sky: "I think last season was their big opportunity [to return to the Champions League].
"They blew it, they got into a great position, four, five games to go in the season you think they’re in pole position and they blew it. They couldn’t get over the line."
Leno set for Fulham transfer
Bernd Leno is set to quit Arsenal to join Fulham in an £8million deal this week, according to reports.
The German will become No1 goalkeeper at Craven Cottage after losing his place at the Emirates to Aaron Ramsdale.
According to transfer expert Fabrizio Romano, Leno has agreed to join Marco Silva's newly promoted side in an £8m deal.
The stopper has settled on a three-year contract with Fulham, with the option for a fourth year.
Leno will undergo his medical with the West Londoners this week.
Ramsey relishes Nice challenge
Former Arsenal star Aaron Ramsey can't wait to hit the ground running with Nice after his Juventus nightmare.
Ramsey took to social media to express his delight, where he tweeted in French: "A new chapter with Nice."
In English, he added: "Can’t wait to get started."
Nice confirm Ramsey transfer
Nice have confirmed the free transfer arrival of Aaron Ramsey after the Arsenal icon was released by Juventus.
Despite having a year left on his contract in Turin, the Old Lady decided to terminate his contract at the Allianz Stadium.
It was reported over the weekend how the Ligue 1 side were keen on bringing the 31-year-old to the Allianz Riviera.
And it is believed that the Wales international turned down the chance to follow compatriot Gareth Bale to America.
Charlotte FC were willing to make Ramsey their highest-paid player on a two-year deal, but he has decided to try his luck in France.
A statement on Nice's website read: "Welcome to your new home, Aaron."
Good morning Arsenal fans
Leicester are expecting Arsenal to swoop in and make an offer for Youri Tielemans this month.
But is has been reported that the Gunners are yet to turn their interest in Tielemans into a formal bid.
SunSport exclusively revealed last month that the Gunners were weighing up a £30million bid for the midfielder.
According to The Guardian, the Foxes are expecting the North Londoners to submit a bid for the Belgium international.
But they claim there have been no offers for Tielemans yet from any club, with Manchester United also said to be keeping tabs.
Leicester boss Brendan Rodgers has warned teams looking to raid his side that they will not be "exploited" into selling any their best players.
Meanwhile, Arsenal boss Mikel Arteta’s cull is gathering pace as he looks to offload 11 players who were part of the pre-season tour of America, reports SunSport's Mark Irwin.
Bernd Leno will be next out of the Emirates after agreeing an £8m move to newly-promoted Fulham.
Nuno Tavares as well as Arthur Okonwko have already been loaned out to Marseille and Crewe respectively.
And Folarin Balogun is set to spend a season on loan over in France with Reims.
But the Gunners have still not found any buyers for Hector Bellerin, Pablo Mari, Lucas Torreira, Ainsley Maitland-Niles and Reiss Nelson.
Record signing Nicolas Pepe will also be shifted if Arteta signs another winger.
Alex Runarsson is also up for grabs despite offering potential Europa League back-up to Aaron Ramsdale and Matt Turner.
But Arteta confirmed he wants more signings to help him find the “perfect balance”.
The Spanish tactician told Sky: “We are still hoping to do something else if the market allows us to do that.
“You have seen some movement in the few days as well. We want to get the perfect balance and the plan we wanted from the beginning.
“Whether we accomplish that or not is another story.”
Finally, Arsenal are weighing up a shock swoop for Chelsea’s Timo Werner in the summer.
The Blues are open to parting ways with Werner before the transfer window closes.
The Gunners are interested in poaching the struggling forward from their London rivals, according to Defensa Central.
The Germany international has endured an underwhelming two-years with the Blues – scoring only 10 goals in 56 Premier League matches
Arsenal tipped for top four
Arsenal's hopes of a top four finish this season has been backed by Manchester United legend Peter Schmeichel.
Schmeichel reckons the Gunners' summer signings will give them the boost needed to edge their rivals for the coveted position.
The legendary goalkeeper told the Times: "I’m looking at Arsenal and for the first time in a long time thinking 'top four'"
Time will Tiel
Leicester are expecting Arsenal to swoop in and make an offer for Youri Tielemans before the summer transfer window slams shut.
But is has been claimed that the Gunners are yet to turn their interest in Tielemans into a formal bid.
SunSport exclusively revealed last month that the Gunners were weighing up a £30million move for the midfielder.
And according to The Guardian, the Foxes are expecting the North Londoners to submit a bid for the Belgium international.
But they state there have been no offers for Tielemans yet from any club, with Manchester United also said to be keeping tabs.
Leicester boss Brendan Rodgers has warned teams looking to raid his side that they will not be "exploited" into selling their best players
How to watch doc
Arsenal's upcoming documentary All Or Nothing: Arsenal will be shown on Amazon Prime Video.
Amazon Prime Video typically costs £7.99 a month, but can be watched for free by grabbing a 30-day Amazon Prime trial.
You can cancel at any time during the month-long trial and Amazon Prime Video is available to stream on your mobile, tablet, TV or games console
Primed and ready
Arsenal and Amazon have confirmed that their hugely-anticipated documentary All Or Nothing: Arsenal will be released on Thursday, August 4, 2022.
Cameras followed the Gunners around last season providing brand new insight into Mikel Arteta's squad.
Amazon have also announced the staggered release of the episodes:
Episodes 1-3 - Thursday August 4
Episodes 4-6 - Thursday August 11
Episodes 7-8 - Thursday August 18Casadei transfer bid
Chelsea have been knocked back in their approach for Inter Milan wonderkid and Arsenal target Cesare Casadei after his club rejected their £6.7million opening offer.
Casadei enjoyed a superb 2021-2022 season for Inter’s youth squad, where he chipped in with 17 goals and five assists in 40 games across all competitions.
According to Gazzetta dello Sport, the Blues have failed with a £6.7m bid for the Italy Under-19 international.
They add that Inter would rather the player depart on loan, with Sassuolo and Torino keen to agree a temporary deal.
But the West Londoners aren’t giving up on their pursuit of the highly-rated teenager, with La Repubblica insisting they are preparing a new offer.
Though it has been said that the Nerazzurri will refuse to part ways with Casadei unless they receive a bid in the region of £17m.
They also declare that they face competition from the Gunners in the race to secure the 19-year-old’s services.
It has been claimed the North Londoners have made an enquiry for the youngster
The Wright stuff
Arsenal legend Ian Wright was ecstatic after England Women were crowned champions of Europe.
Wright said: "I can’t put into words how much work has gone into this and they’re getting what they deserve. I’m so proud, I can’t believe it! I’m still a bit shocked by it.
"She [manager Sarina Wiegman] has used that XI through the whole of the tournament but the people that are coming on know that they’ve got a role to play and they’re happy to come off the bench and play their role.
“Every single player has played a part. It hurts [to lose a final]. I walked past the trophy in 2009 and it stayed with me forever. I’m so happy”
All Gunned out
Arsenal boss Mikel Arteta’s cull is gathering pace as he looks to offload 11 players who were part of last week’s pre-season tour of America, reports SunSport's Mark Irwin.
Bernd Leno will be next out of the Emirates door after agreeing an £8million move to newly-promoted Fulham.
Nuno Tavares and Arthur Okonwko have already been loaned out to Marseille and Crewe respectively.
And Folarin Balogun is set to spend a season on loan in France with Reims.
But the Gunners have still not found any buyers for former first-team regulars Hector Bellerin, Pablo Mari, Lucas Torreira, Ainsley Maitland-Niles and Reiss Nelson.
Record signing Nicolas Pepe will also be shifted to the departure lounge if Arteta signs another winger.
Alex Runarsson is also up for grabs despite offering potential Europa League back-up to Aaron Ramsdale and new signing Matt Turner.
Not so Keane
Manchester United legend Roy Keane is not backing Arsenal to make the top four despite a brilliant pre-season campaign.
Appearing on a Sky Bet debate, Keane said: "I couldn’t agree more I think this [previous season] was their opportunity [to return to the Champions League].
"They blew it, they got into a great position, four, five games to go in the season you think they’re in pole position and they blew it.
"They couldn’t get over the line. They were poor, the Newcastle game was a real blow to them where they never turned up.
"The manager was quite critical of them after the game, some of the players were - senior ones - so you wouldn’t be putting any bets on Arsenal to finish top four next season because the other teams.
"Man United will get better you’d of thought. Tottenham will be stronger, you can’t see it, big set-back"
Gunner get ya
Arsenal are weighing up a shock swoop for Chelsea flop Timo Werner in the summer.
The Blues are open to parting ways with Werner before the end of the transfer window.
The Gunners are interested in poaching the forward from their London rivals, according to Defensa Central.
The Germany international has endured an underwhelming two-years with the Blues – scoring only 10 goals in 56 Premier League games
Rena-to go
Arsenal have suffered a transfer blow in their hunt for a new midfielder as Renato Sanches looks set to join Paris Saint-Germain.
Sanches is nearing a loan move away from Lille and PSG will be obligated to buy him next summer for £8million.
The Gunners have been linked with the Portugal international in the past as have Wolves and AC Milan.
The 24-year-old was signed at Lille by new PSG manager Christophe Galtier and director of football Luis Campos, with it appearing the trio will team-up again in Paris, claim outlet O Jogo
Don't sign Pepe
Liverpool hero Dietmar Hamann advised Newcastle not to sign Arsenal flop Nicolas Pepe.
Hamann told Genting Casino: "Nicolas Pepe has shown glimpses of what he can do and when he's on form he's as good to watch as anyone else but the risk is too big for me.
"Newcastle are a special club and I think the pressure could be even bigger than at Arsenal because at Arsenal the expectations are lower.
"For a player who performs well one in every eight games, I'd leave that transfer alone if I were Newcastle"
Fab few days
Ex-Arsenal and Chelsea star Cesc Fabregas has completed a free transfer to Como and becomes a part-owner of the Italian second-division side.
Fabregas left Monaco at the end of last season when his deal expired.
But aged 35, the former Barcelona star has no plans to retire yet as he penned a two-year deal with the Serie B side.
The ex-Spain international is tasked with leading the team back into the top flight
Sanogo on the move
Former Arsenal flop Yaya Sanogo is close to join Moroccan side Raja Casablanca.
According to GOAL, Sanogo is set to make the surprise move after his deal at Huddersfield ended at the end of last season.
The striker spent all of last season at the Terriers but played just nine games in total failing to score.
The 29-year-old is most remembered for his time at the Emirates as a youngster where he never reached his full potential
Ramsey's next destination
Former Arsenal star Aaron Ramsey is close to joining Nice on a free transfer.
That is according to Get French Football News, which claim Ramsey has an agreement in principle with the ambitious club.
The 31-year-old is a free agent after having his Juventus contract terminated.
The Wales international is believed to have rejected an offer from MLS side Charlotte to remain in Europe
More signings coming
Arsenal manager Mikel Arteta confirmed he wants more signings to help him find the “perfect balance”.
Arteta told Sky: “We are still hoping to do something else if the market allows us to do that.
“You have seen some movement in the few days as well.
“We want to get the perfect balance and the plan we wanted from the beginning.
“Whether we accomplish that or not is another story”
So long Balogun
Arsenal ace Folarin Balogun is undergoing a medical today ahead of a loan switch to Reims.
Balogun, 21, is set to leave the Emirates on a temporary deal to gain more first team experience.
The striker will join the French club for the season, according to French newspaper L'Equipe.
There is reported to be no option or obligation to buy for Reims and the deal is a straight loan
Leno goes to Fulham
Arsenal have agreed a deal with Fulham to sell goalkeeper Bernd Leno.
The Cottagers have been tracking Leno for much of the summer and are set to seal the move soon.
According to The Athletic, Marco Silva's side have had an £8million bid accepted.
The Germany international has also agreed personal terms and will undergo a medical this week before finalising the transfer
Keane shares Arsenal worry
Arsenal are still lacking the steel required despite making a slew of signings this summer.
That's the view of Roy Keane who reckons the Gunners need some experienced players in the group.
He said on Sky Sports: "But there’s still a softness to the group, they’re young, you need experience lads to get you over the line in big games but there’s a softness to them.
"Even the two centre-halves." | https://www.the-sun.com/sport/5878677/arsenal-transfer-news-live-youri-tielemans-timo-werner/ | 2022-08-02T08:46:52Z | https://www.the-sun.com/sport/5878677/arsenal-transfer-news-live-youri-tielemans-timo-werner/ | false | 6 |
“Children are often denied an education because there are no government schools in this village. To attend school, they need to travel almost 5 km to Pandariya village,” admits farmer Bhairon Singh Jatav, who owns a 1.25 acre farm.
Jatav isn’t the only one irked by the lack of a government school in Adampur Chhawani, Phanda Janpad of Bhopal district.
Labourer Ballobai agrees: “Our village suffers from lack of good roads, electricity and drainage. But these problems fall small compared to the need for educational facilities here which affect the future of our children.”
“There is no school or anganwadi here. Ten years ago, an anganwadi was set up in a rented accommodation. The structure is lying in shambles now. Shut since last five years, it is being used as a shelter for animals,” Ballobai laments. She believes it to be wiser to elect women for the Gram Panchayat, as they “might take the access to educational facilities more seriously compared to previous male representatives.”
The sarpanch and 20 panchayat members of this all-women panchayat were elected unopposed this year. The panchayat members elected by this village of 3,842 people are a heterogenous lot comprising graduates, those who are contesting elections for the first time, and also those who have only studied up to fifth grade. Interestingly, although the sarpanch’s seat was reserved for a Backward Caste (OBC) candidate without specific gender priority, 22-year-old housewife Krishna Rawat has been elected as the sarpanch. In the previous term, though the panchayat was led by a woman – Shakun Neemnarayan – the rest of the panchayat members were male.
Local resident Misribai told 101Reporters: “Besides education, roads, and drainage, the garbage dump in Adampur is a big issue. The stench and leachate from this dump have contaminated the waters of Adampur and Haripur villages too. We sincerely hope that our women-only panchayat tackles this issue.”
Earlier this month, 101Reporters had covered the landfill disaster impacting almost 200 families of Adampur Chhawani Gram Panchayat, which seems to be the piping issue this election.
Developmental roadmap
Sarpanch Krishna Rawat, who holds a postgraduate degree and was elected unopposed by the electorate, told 101Reporters that a roadmap for the development of Adampur Chhawani was underway.
“We have decided to renovate the building in which the anganwadi was functioning in the past, and get it up and running. Since a year and a half, when I moved to this village, I have been seeing children attend schools in neighbouring villages. Thus, I have prioritised the setting up of a government primary or middle school here.”
Explaining the seriousness of the landfill issue, she added: “There was a lot of opposition by villagers when the landfill was shifted here by the City Corporation. It now poses a major problem. The only solution regarding the landfill is to ensure that it is maintained with due diligence. We will start off by filing complaints. If these produce no results, we will resort to protests.”
Rawat believes that the leachate from the garbage landfill is affecting the water resources of neighbouring villages, and orders of the National Green Tribunal (NGT) are not being followed.
Based on the prize money announcement to an unopposed all-women panchayat, newly elected Rashmi awaits to disburse the amount for the school construction plan. CM Shivraj Singh Chauhan had declared a 15 lakh cash incentive for a collectively agreed upon all-women panchayat.
Furthermore, she points out: “There have been no roads built in our village since 2019. Neither are there enough drains; the few existing ones are in a state of disrepair. We have hence commenced work on building drains, while preparing to handle the other jobs in due course.”
Echoing Rashmi’s development views, her colleague, Seema says that they intend to send across the anganwadi and school construction plans to the Zilla Panchayat soon. “If necessary, we shall take it up with the local MLA, and the Chief Minister too.”
Explaining the closure of the local anganwadi, ex-sarpanch Neemnarayan says: “The anganwadi was functioning from rented premises in the past. But owing to the sad state of the building, it had to be shut down for safety reasons. We were planning to renovate the building when the panchayat elections came by. Hence, nothing could be done.”
How an all-women panchayat came into being
Recounting the process, Bilkhariya Mandal Prashant Thakur, ex-deputy sarpanch told 101Reporters, ‘Initially, the villagers had proposed my name as the sarpanch but following CM’s announcement, I thought of an all-women panchayat. We agreed to have my younger brother’s wife Krishna’s name proposed instead. Further, the village elders and ex-panchayat members agreed to it.”
Commenting on her family proposing the candidature of daughter-in-law Krishna for the post of village sarpanch, mother-in-law Kusumbai said: “When my son first recommended my daughter-in-law for the position, I was hesitant, wondering how she’d juggle our home with administrative responsibilities. But today, I’m proud of her for taking on the reins of the village.” | https://www.thestatesman.com/education/mp-women-panchayat-raises-hopes-better-schooling-anganwadi-facilities-1503096027.html | 2022-08-02T08:48:55Z | https://www.thestatesman.com/education/mp-women-panchayat-raises-hopes-better-schooling-anganwadi-facilities-1503096027.html | true | 2 |
Brand Continues to Capture Increased Share of Market in SUV, Electric and Hybrid Vehicle Segments
IRVINE, Calif., Aug. 2, 2022 /PRNewswire/ -- Led by the all-new Sportage SUV, Kia America today announced overall July sales of 62,449 units. Available in gas, hybrid and plug-in hybrid drivetrains, the Sportage SUV posted record July sales of 11,985 units, breaking the previous July mark set in 2021. Sales of the Sorento SUV, which is also available in gas, HEV and PHEV configurations, increased 16-percent month-over-month. Overall, sales of Kia's electric and hybrid models increased 86-percent year-over-year.
"As Kia continues to outpace the industry, we are well on our way to establishing the brand as a sales leader with our popular Sorento and Sportage SUVs and our electrified models including the EV6 and Niro models," said Eric Watson, vice president, sales operations, Kia America. "With the introduction of the Sportage PHEV and the ongoing popularity of the all-electric Kia EV6, the brand's push toward electrification is ongoing and we expect to continue gaining share in this important category. Kia's eco-friendly line-up will be further enhanced as production begins on the all-new 2023 Niro family of hybrid models which arrive in Kia showrooms this October."
In addition to sales, July saw several significant announcements coming from the brand, including:
- A new creative campaign for one of the brand's most iconic models, the 2023 Soul. The campaign features NFTs as talent and incorporates a unique QR code embedded into the creative. When viewers scan the code with a smartphone, they can easily obtain one of 10,100 Kia-themed NFTs and it will be seamlessly deposited and stored in their own Sweet blockchain wallet.
- Kia's continued expansion of the company's commitment to education through $1,800,000 in donations to fund scholarships for underrepresented and underprivileged students across the U.S.
Kia America - about us
Headquartered in Irvine, California, Kia America continues to top automotive quality surveys and is recognized as one of the 100 Best Global Brands. Kia serves as the "Official Automotive Partner" of the NBA and offers a range of gasoline, hybrid, plug-in hybrid, and electrified vehicles sold through a network of more than 750 dealers in the U.S., including several cars and SUVs proudly assembled in America.
For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.
View original content to download multimedia:
SOURCE Kia America | https://www.kplctv.com/prnewswire/2022/08/02/kia-america-announces-july-sales/ | 2022-08-02T08:53:17Z | https://www.kplctv.com/prnewswire/2022/08/02/kia-america-announces-july-sales/ | false | 15 |
Watchdog extends protective measures at Sberbank Switzerland
The Swiss financial regulator (FINMA) has extended previously imposed protective measures at the Zurich-based subsidiary of Russian bank Sberbank.
This content was published on August 2, 2022 - 10:03These measures, intended to mitigate a risk of liquidity problems at Sberbank (Switzerland), will remain in force until September 1, 2022, FINMA said in a statementExternal link on Tuesday. The investigating agent appointed by FINMA will continue to perform their duties.
Specifically, these are measures to protect creditors. They include a deferral of obligations from deposits as well as a far-reaching ban on disbursements and transactions.
The measures, which were imposed in MarchExternal link, had already been extended on June 1 and partially lifted for a short period in July so the bank could settle claims of non-sanctioned creditors. Repayments to sanctioned persons or to the parent company Sberbank of Russia in particular were excluded.
Sberbank (Switzerland) is an indirect subsidiary of Sberbank of Russia. It is not directly affiliated with the Sberbank Europe Group, which is affected by sanctions due to the war in Ukraine.
In compliance with the JTI standards
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Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch. | https://www.swissinfo.ch/eng/business/watchdog-extends-protective-measures-at-sberbank-switzerland/47796884?utm_campaign=swi-rss&utm_source=multiple&utm_medium=rss&utm_content=o | 2022-08-02T09:02:42Z | https://www.swissinfo.ch/eng/business/watchdog-extends-protective-measures-at-sberbank-switzerland/47796884?utm_campaign=swi-rss&utm_source=multiple&utm_medium=rss&utm_content=o | false | 1 |
Feogi.Com Scam {Aug 2022} Read The Entire Review Now!
This post on Feogi.com Scam includes all relevant details regarding the website’s legitimacy. Kindly read this post and learn its valuable details.
Does your outfit look incomplete without accessories? You can get beautiful accessories from Feogi shops in the United States. The website has fantastic sunglasses, chains, etc. Is Feogi.com Scam? This post will give you an answer as here we will discuss all the essential details regarding the legitimacy of this website.
So, kindly check all the essential details and know if the website is legit.
Table of Contents
Is this a website scam?
As we have mentioned above, this website deals in many beautiful types of accessories, so if you need any of such products, you can visit this website and get your hands on their fantastic collection. But, the website should be legit. Then only you will be worth paying for your order. Here we will discuss details like Feogi.com Reviews, registration date, trust factor, and other important details that are important to check legitimacy. Kindly check the details.
- Registration Date: December 23, 2020, is the website’s registration date. The Feogi shop was launched around one and a half years ago.
- Registrar: Feogi shop is registered by Tucows Domains Inc.
- Trust Count: The website has an average trust score. It got a sixty percent trust factor. The score is quite acceptable, but we should check other factors too.
- Shopper’s Opinion: Many excellent and positive reviews were seen on this website, gaining the shopper’s trust. Some other review sites also shared reviews.
- Social Media: Is Feogi.com Scam? This puts a question mark on everyone’s mind because the website has zero connections with social media networks.
- Data Security: We should be aware while sharing data with online sites. But, this domain uses a secure HTTPS server to transfer data.
- Policies: The website has mentioned its policies in their respective columns. So, one can find details regarding their return, shipping, and other policies on the website.
- Expiry Date: Feogi shop will expire on December 23, 2022.
- Missed Data: The website has not shared its phone number details. Although, the address and email id is mentioned in the Contact section.
Overview on Feogi.com Scam
Feogi is an online shop that strives to bring the best collection of accessories for men and women. They are shipping in more than 40 countries and impressing their customers with their beautiful collection. Also, the website offers impressive discounts to get extra benefits. You can also get these beautiful accessories from the Feogi shop. So kindly look at the details of the products.
- Bracelet
- Chains
- Pendants
- Sunglasses
- Rings
- Chain Sets
Features of Feogi shop
- Purchase bracelets from https://feogi.com/.
- Email Id: services@feogi.com
- Address info: 536 Sherman Oaks, 15030 Ventura Blvd, 91403 CA.
- Phone number details are unfound.
- Is Feogi.com Scam? We have found many good and positive reviews on the official website. Moreover, some other review portals have shared average ratings.
- Return Policy: The shoppers have one month to return the goods in case they are defective, or you are unsatisfied.
- Shipping Policy: After shipment, your orders may get delivered within 2-4 weeks
- Payment Modes: Amex, Apple Pay, GPay, Discover, Visa, MasterCard, etc.
Positive Points
- Worldwide shipping is offered.
- Coupon codes are offered to avail of discounts.
- Email and address details are mentioned.
- We have found average reviews on online review portals. However, good reviews were seen on the official layout.
Negative Points
- The phone number is unavailable.
- Social media networks are zero.
Feogi.com Reviews
Feogi shop has many positive reviews and ratings on its products. The official website shared many positive comments from the users like the buyers were satisfied with the bracelets and the quality. However, other trustworthy platforms shared reviews and ratings. One online portal shared a 3.4/5 rating and commented that customers were satisfied with the discounts offered, but delivery took a long time. Furthermore, social media networks are zero. This website is unavailable on any social media platform, which makes it suspicious. You can check details on Credit Card Scamming here.
Final Thoughts
Wrapping up this post on Feogi.com Scam, we have found that this shop is relatively new and was registered one year and eight months ago. Moreover, the trust count is average, with only a 60% score. Therefore, we cannot trust this website blindly, and it requires more investigation before trusting. You should be aware of fraudulent activities and Paypal Scamming and take necessary steps.
What are your thoughts on the Feogi shop? Please let us know in the comment section below. | https://www.dodbuzz.com/feogi-com-scam/ | 2022-08-02T09:03:56Z | https://www.dodbuzz.com/feogi-com-scam/ | true | 1 |
Katanning Sheep Feed Intake Facility launches landmark research project
Katanning’s new Sheep Feed Intake Facility has launched its first research project — a five-year effort aimed at helping farmers breed more efficient and sustainable animals.
The $3.8 million facility, which opened in April, was funded by the State Government as a site for the Department of Primary Industries and Regional Development to conduct research into carbon sequestration and emissions reduction.
The new project, announced on July 29, aims to improve the feed conversion efficiency of sheep so future generations require less feed to produce more meat, while emitting less methane and carbon dioxide.
DPIRD is leading the research with help from Meat and Livestock Australia.
The department said the research would underpin the addition of sustainability traits to Australian Sheep Breeding Values, or ASBVs, so farmers could select animals that achieve their breeding objectives.
Lambs from DPIRD’s Genetic Resource Flock at Katanning, which also receives MLA funding, will be used for the project.
Project lead, DPIRD research scientist Beth Paganoni, said the facility’s state-of-the-art equipment would enable accurate measures of feed intake, gas production and body composition to be measured together for the first time.
“It has previously been difficult to measure feed intake on large numbers of sheep accurately, but now we have the facilities and technology to do so,” she said.
“Over the next five years we plan to measure the feed intake, growth and composition of about 4000 lambs from 100 sires to investigate the genetic relationships between feed intake, feed conversion efficiency and gas production.
“These ASBVs will assist the Australian sheep industry to breed a more efficient, sustainable flock, while reducing production costs and improving environmental outcomes to respond to customer demand for low emission meat and wool.”
The biggest of its kind in Australia, the feed intake facility — which can accommodate 300 sheep in 20 pens — is housed at DPIRD’s Katanning Research Station farm.
It includes a semi-controlled environment with technology to continuously monitor temperature and an automated feed delivery system.
Each sheep will have individual meals weighed using electronic identification technology and total feed intake recorded throughout a 24-hour period, with emissions measured using portable accumulation chambers.
A new Dual Energy X-ray Absorptiometry, or DEXA, machine will be used to objectively measure muscle, fat and bone weight, to provide a live analysis of body composition.
The animals’ initial diet will feature a high growth feed regime, such as feedlot grower pellets, to provide the foundation benchmark, though the research could later extend to poorer feed quality and additives.
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Sign up for our emails | https://www.countryman.com.au/countryman/news/katanning-sheep-feed-intake-facility-launches-landmark-research-project-c-7733268 | 2022-08-02T09:06:03Z | https://www.countryman.com.au/countryman/news/katanning-sheep-feed-intake-facility-launches-landmark-research-project-c-7733268 | true | 1 |
Celebrate the Arts Date: September 1, 2022
Location: The Hilton, 801 University Drive East, College Station, TX 77840 Time: 6:00
Celebrate the Arts 2022 Raffle Tickets
This year’s Celebrate the Arts event will take place at The Stella Hotel on the evening of Wednesday, September 1, 2022. Join us in celebrating the arts in the Brazos Valley and raising funds in support of The Arts Council - the leader in the arts for over fifty years! In this raffle, enter to win a David Yurman Solari Triple Drop Earring in 18k Yellow Gold with a Pavé Diamond Wrap ($4,000 value). By entering into our raffle, you not only gain the chance to win this beautiful bracelet, donated courtesy of David Gardner’s Jewelers and Gemology, but you also support the Arts Council in providing: arts education to at-risk and underserved youth in our area, kids helping kids program with Empty Bowls, Jr. to support local in-school food pantries, rural grants to our affiliates in underserved areas, employment opportunities for local artists and residency opportunities for artists around the world, free gallery shows to the public, funding and professional development opportunities for affiliate arts and culture organizations in the Brazos Valley support to strengthen the arts and culture- friendly community through impactful artistic programs to enhance the quality of life in the Brazos Valley, and more! The Raffle Drawing will take place on September 1, 2022 at the Celebrate the Arts Event. Winner need not be present to win. All proceeds benefit The Arts Council of Brazos Valley, a 501 (c)(3) organization. The Arts Council, as part of the prize, will pay witholding tax in accordance with IRS raffle rules on behalf of the winner | https://insitebrazosvalley.com/events/celebrate-the-arts/ | 2022-08-02T09:07:22Z | https://insitebrazosvalley.com/events/celebrate-the-arts/ | true | 1 |
This East African nation is known for stability. But drought and rising prices are fueling insecurity
By Sam Kiley, CNN
A maelstrom of howling brown dust engulfs travelers through Isiolo. A few weeks earlier, 11 people were reported to have been killed around the north Kenyan town in the space of 10 days.
The pestilence of Covid is still in the dust-choked air, the ground is baked by drought. The murder and misery would seem biblical — if they were not so very modern.
They’ve already played out on the other side of the continent where climate change and overgrazing have hastened the spread of the Sahara desert south into Mali, Niger, and northern Nigeria.
Indeed the Sahel and the Maghreb have experienced widening desertification and, alongside it, frantic humanitarian crises and growing violence, especially from Islamic extremists.
In Kenya, the killings in the north do not (yet) have a neo-religious drive. But growing insecurity, in a country that’s been traditionally seen as the stable diplomatic and humanitarian hub in the Horn of Africa torn by war, is being fueled by many of the same factors that have set the Sahel aflame.
The murder of dozens of people over the last two years, including two chiefs in Marsabit, 160 miles north of Isiolo town, and eight others in one attack last May not far from the regional capital, has prompted a ferocious crackdown by Kenya’s police and other forces.
After one sweep through Marsabit county in June, police captured 200 machine guns, automatic rifles, and other weapons plus about 3,000 rounds of ammunition.
Just as in west Africa, Kenya’s problems are being deepened by climate change.
Kenya is enduring its worst drought in 40 years, according to the government and UN. More than four million people are “food insecure,” and 3.3 million can’t get enough water to drink.
Across the Horn of Africa, that figure leaps to 11.6 million.
Ileret, on the northern shore of Lake Turkana, is famously parched. But the local nomadic pastoralists have managed to exist, even thrive, in harsh conditions for centuries. Their herds of goats and camels are periodically fattened by fresh pastures that emerge from the savannah when it, occasionally, rains.
For more than two years it just hasn’t. Local officials in the Ileret district told CNN that around 85% of livestock here has perished. Surviving herds are being driven south in search of grazing.
Either way, those left behind have close to nothing to live on.
Akuagok is a widow who lives in a manyatta (collection of nomadic huts) about half an hour north of Ileret. It keeps some of the desert wind but little of the dust out of the lungs of her six children.
She survives on a meal every three days, which depends on whether she’s able to sell charcoal in Ileret to buy unground wheat which her older kids grind by hand with a stone and then mix with water into chapattis
“I eat when I can. Mostly I don’t eat every day. Sometimes when I sell charcoal I can eat maybe once or twice in three days,” she says.
Her youngest, Arbolo, is two. He wails when he’s laid down for a height measurement at an outreach mission from Medecins sans Frontieres (MSF) — but is listless when the circumference measurement of his upper arm shows up red on the MSF tape that measures the extent of malnutrition. The red means he’s severely acutely malnourished — what most people would say is “starving.”
Members of Akuagok’s tribe, the Daasanach, crowded around her shouting their own stories of loss — loss of friends to illness perhaps caused by hunger, loss of animals, and how now, even when they make a very little cash, it’s never enough to get by.
Here, in Ileret, the cost of food has trebled since Russia invaded Ukraine on February 24 this year. Ukraine used to produce 11.5% of the world’s wheat for export and 17% of the world’s export market of maize. Maize flour, known as ugali, is Kenya’s staple. Across Kenya, the price of Ugali has at least doubled for most people.
Even if it rains in Ileret, Akuagok’s life won’t improve much. She has no animals left and food prices are unlikely to fall much. The United Nations’ World Food Programme, which might step in, usually gets 40% of its wheat from Ukraine. The UN’s Food and Agricultural Organization is appealing for $172 million in aid for the Horn of Africa to head off catastrophe. But as the war in Ukraine continues, that figure will surely rise.
Kenya has experienced bouts of lawlessness and land invasions before. But for many, even people used to seeing their own ethnic group violently take over grazing, or raid cattle, there’s been a shift for the worse in Kenya.
Lemarti Lemar, a Samburu community leader, and well-known musician says he has lost “at least 30” cattle to the drought.
“People are just losing everything they own. If a guy loses 50 cattle that’s a loss of $25,000 or more. But more dangerous is that the young moran (warriors) have no cattle left to look after. They get hold of illegal guns, they have nothing to do. They’ve stopped listening to the elders and some have become gangsters,” he told CNN.
“We’re losing control,” he added.
Kenya faces general elections in the middle of next month. The process often provokes fears of instability in the country and, if the results are contested, the potential for political violence could escalate.
In the marginalized communities across the northern counties, urban-based politicians have paid lip service to the unfolding horrors. The government ended, and swiftly reinstated, subsidies on fuel in July. But as Kenya’s population is largely centered in the center and south of the country, northern insecurity hasn’t been a major election issue.
But that may be forced on the central government after the elections, as pastoralists seeking grazing now bring camels to browse on hedges in Isiolo.
Seeking pasture, they’ve invaded wildlife parks and sanctuaries, bringing them ever closer to the tourist attractions that are one of Kenya’s biggest export earners.
No effort has been made to drive them out but the heavy toll their livestock takes on the landscape means it will struggle to recover in the next rains, if they ever come.
Past experience across Africa has shown that drought combined with overgrazing means when rains do fall, they wash away topsoil in vast quantities. Once that happens, there’s little left but desert, after just a few years.
“Any time you get people who are hungry and without other options you’ve got a security situation. (In) Northern Kenya we’re bordered by South Sudan, Ethiopia, and Somalia, all of which are still in the grip of conflict that spews small arms into this ecosystem, so you’ve got a lot of weapons up here and increasing hunger so, yeah, I’d say that’s an increasing security concern,” said Frank Pope, CEO of charity Save the Elephants, based in Kenya’s Samburu National Reserve.
Pope’s organization also works with elephants in Mali, West Africa, much of which, he now warns, was savannah not long ago but now sustains only “elephant, goats, and insurgents.”
The combination of drought, soaring food and fuel prices due to a distant war, a burgeoning population, and civil wars on Kenya’s doorstep is an incendiary mix.
And that may be bad news for humanitarian operations in neighboring Somalia, Ethiopia, and South Sudan which depend on Kenya’s ports, and relative calm, as a base of operations and essential location for logistics.
And as the effects of climate change take hold in Kenya, as children face malnutrition and their mothers waste away, compounded by the desperate battle for nomads and pastoralists to survive, this once stable region is showing few signs that it can cope alone.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://kyma.com/cnn-europe-mideast-africa/2022/08/01/this-east-african-nation-is-known-for-stability-but-drought-and-rising-prices-are-fueling-insecurity/ | 2022-08-02T09:12:26Z | https://kyma.com/cnn-europe-mideast-africa/2022/08/01/this-east-african-nation-is-known-for-stability-but-drought-and-rising-prices-are-fueling-insecurity/ | false | 13 |
Petersburg's COVID new cases flat; Virginia cases holding steady
Virginia reported 21,350 new cases of coronavirus in the week ending Sunday, from 21,149 the week before of the virus that causes COVID-19.
Virginia ranked 21st among the states where coronavirus was spreading the fastest on a per-person basis, a USA TODAY Network analysis of Johns Hopkins University data shows. In the latest week coronavirus cases in the United States increased 7.4% from the week before, with 906,593 cases reported. With 2.56% of the country's population, Virginia had 2.35% of the country's cases in the last week. Across the country, 28 states had more cases in the latest week than they did in the week before.
Petersburg reported 119 cases and zero deaths in the latest week. A week earlier, it had reported 119 cases and zero deaths. Throughout the pandemic it has reported 9,051 cases and 141 deaths.
Colonial Heights reported 84 cases and zero deaths in the latest week. A week earlier, it had reported 80 cases and zero deaths. Throughout the pandemic it has reported 5,560 cases and 101 deaths.
Hopewell reported 91 cases and zero deaths in the latest week. A week earlier, it had reported 77 cases and zero deaths. Throughout the pandemic it has reported 6,743 cases and 119 deaths.
Prince George County reported 103 cases and zero deaths in the latest week. A week earlier, it had reported 100 cases and zero deaths. Throughout the pandemic it has reported 9,859 cases and 80 deaths.
Dinwiddie County reported 77 cases and one death in the latest week. A week earlier, it had reported 82 cases and zero deaths. Throughout the pandemic it has reported 6,120 cases and 96 deaths.
Sussex County reported 13 cases and zero deaths in the latest week. A week earlier, it had reported 36 cases and zero deaths. Throughout the pandemic it has reported 2,631 cases and 43 deaths.
Within Virginia, the worst weekly outbreaks on a per-person basis were in Campbell County with 605 cases per 100,000 per week; Norton County with 528; and Galax County with 520. The Centers for Disease Control says high levels of community transmission begin at 100 cases per 100,000 per week.
Adding the most new cases overall were Fairfax County, with 2,478 cases; Prince William County, with 1,168 cases; and Chesterfield County, with 1,153. Weekly case counts rose in 66 counties from the previous week. The worst increases from the prior week's pace were in Chesterfield, Campbell and Henrico counties.
​
>> See how your community has fared with recent coronavirus cases
Across Virginia, cases fell in 63 counties, with the best declines in Fairfax County, with 2,478 cases from 2,793 a week earlier; in Lynchburg, with -1 cases from 245; and in Richmond County, with -71 cases from 35.
In Virginia,
51 people were reported dead of COVID-19 in the week ending Sunday. In the week before that, 66 people were reported dead.A total of 1,954,716 people in Virginia have tested positive for the coronavirus since the pandemic began, and 20,918 people have died from the disease, Johns Hopkins University data shows. In the United States 91,316,648 people have tested positive and 1,029,926 people have died.
Note: Johns Hopkins University data includes Virginia's independent cities as counties in the listing. There are 133 "county" entries in the data. In cases with naming conflicts, the independent city will be marked with "City County," such as "Fairfax City County" and "Fairfax County."
>> Track coronavirus cases across the United States
Virginia's COVID-19 hospital admissions falling
USA TODAY analyzed federal hospital data as of Sunday, July 31. Likely COVID patients admitted in the state:
- Last week: 1,969
- The week before that: 2,116
- Four weeks ago: 1,898
Likely COVID patients admitted in the nation:
- Last week: 75,143
- The week before that: 73,476
- Four weeks ago: 63,312
Hospitals in 24 states reported more COVID-19 patients than a week earlier, while hospitals in 21 states had more COVID-19 patients in intensive-care beds. Hospitals in 30 states admitted more COVID-19 patients in the latest week than a week prior, the USA TODAY analysis of U.S. Health and Human Services data shows.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Johns Hopkins University and the Centers for Disease Control. If you have questions about the data or the story, contact Mike Stucka at mstucka@gannett.com. | https://www.progress-index.com/story/news/2022/08/01/gda-covid-19-state-2022-08-01-va-npri/65388059007/ | 2022-08-02T09:16:34Z | https://www.progress-index.com/story/news/2022/08/01/gda-covid-19-state-2022-08-01-va-npri/65388059007/ | true | 1 |
Passenger taken to hospital after crash involving police car in Avonmouth
One person had to be taken to hospital after getting injured in a crash involving a police car in Avonmouth.
An investigation has started following the incident which happened just after 11.30pm on Saturday 30 July on Poplar Way.
A spokesperson for Avon and Somerset Police said: "At approximately 11.35pm a collision occurred in Poplar Way between a police vehicle and a Volkswagen Sirocco.
"A passenger in the Volkswagen sustained an injury and was taken to hospital. They have since been discharged following treatment. Two police officers also attended hospital as a precaution."
The force is making a mandatory referral to the Independent Office for Police Conduct due to police involvement in the collision.
Any witnesses or other motorists with dashcam footage are being asked to call 101 and give reference number 5222182320. | https://www.itv.com/news/westcountry/2022-08-02/passenger-taken-to-hospital-after-crash-involving-police-car | 2022-08-02T09:19:32Z | https://www.itv.com/news/westcountry/2022-08-02/passenger-taken-to-hospital-after-crash-involving-police-car | true | null |
Chloe Kelly has revealed she is going to frame the sports bra she was wearing as she celebrated scoring the winning goal of the Women's Euro 2022 final. The England forward's goal, scored during extra time of the final at Wembley on Sunday (July 31), turned out to be the winning goal of the tournament, after it put England in the lead against old rivals Germany with a final score of 2-1.
As the biggest-ever Euros crowd erupted in a packed-out Wembley stadium, Kelly whipped off her football shirt to run round the pitch spinning it euphorically over her head, sports bra on show. The move was apparently worth the inevitable yellow card, as what fans have described as "the perfect feminist image" will be emblazoned in the public memory as the symbol of England's victory.
So it's no wonder Kelly wants to preserve the memory forever, by framing her famous sports bra, reports the Sun. Jubilant after her team have won England's first football trophy since 1966, Kelly said: "I'm going to frame my boots, my shirt and, of course, my sports bra — absolutely everything."
READ MORE: Chloe Kelly offered 'Freedom of Ealing' honour after historic win
Kelly said she hadn't planned to strip off, explaining: "The celebration just came in the moment. I never thought of that moment happening. You don't expect it to happen, so I just went mental. I said to my family before the game that there's going to be a Bobby Zamora moment [the QPR legend who inspired the celebration].
"I'm just soaking up all of these experiences. It's a once-in-a-lifetime experience. I hope our fans did that, too. To do this in front of our home fans is so special and a dream come true. I don't think it has truly sunk in. We won the Euros and I scored the [winning] goal. It's unreal."
The moment was a dream come true for the fans as well, who have been truly inspired by Chloe, flooding Twitter with praise for the Man City forward as she appeared on Good Morning Britain on Tuesday (August 2). "She really is grounded. What a role model," applauded one fan, as another added: "I love her. The way she play the game, support others, her attitude."
A third inspired fan couldn't get enough of the famous sports bra moment, tweeting: "Chloe Kelly's celebration photo is the perfect feminist image. Shirt off, not to be sexy, not for anyone else, but in pure joy, celebrating her own power and skill with her teammates having just won the Euros. I want this on my wall. Sports bras, not burnt bras. What an icon."
Other fans have insisted the footballer's shirt-off moment was a homage to another women's football legend, former USA midfielder Brandi Chastain. The photo of Chastain on her knees and screaming with delight in a black sports bra as she celebrated the USA's victory in the 1999 World Cup final has gone down in history.
The Lionesses' Euro victory on Sunday was celebrated in Wembley in front of a crowd of 87,192 - the biggest ever crowd at any Euros, men's or women's. The game was also watched by a record TV audience of 17.4 million at homes across the nation. The Queen said the team were an "inspiration".
The winning goal was a dream comeback for Kelly, who suffered an ACL injury that scuppered her chances for the Olympic team last year, and threatened to do the same for the Euros. She said she has decided to celebrate the win by "getting another puppy" on Friday, after convincing her boyfriend of the idea.
Kelly appeared alongside the rest of the England team - looking slightly worse for wear - to celebrate with fans in Trafalgar Square on Monday (August 1), and has admitted she's already hungry for more. She said: "I never really looked at my phone after the final until I got home — and then I couldn't sleep. I've still not got through all my messages."
"To celebrate with the fans in Trafalgar Square was amazing. I can't put into words what is happening. I can't reach out to everyone but just thank you for the support. Looking at this medal makes you so much hungrier for more. The World Cup is around the corner. I want to win trophies. As a young girl, you grow up seeing people win trophies — and we're here doing that. One is not enough. We want more."
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Lionesses smash BBC record as more than 17 million tune in to final triumph
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US Embassy 'scraps diplomacy' in hilarious video supporting Lionesses | https://www.mylondon.news/sport/england-lionesses-chloe-kelly-says-24646578 | 2022-08-02T09:24:52Z | https://www.mylondon.news/sport/england-lionesses-chloe-kelly-says-24646578 | false | 1 |
GUANGZHOU, China, Aug. 2, 2022 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading Chinese beauty company, today announced that it has received a letter from the New York Stock Exchange (the "NYSE") dated August 1, 2022 (the "August Letter"), notifying the Company that it has regained compliance with the NYSE's continued listing criterion of a minimum share price as set forth in Section 802.01C of the NYSE Listed Company Manual (the "NYSE Minimum Price Continued Listing Criterion").
As previously announced, the Company received a letter from the NYSE dated April 11, 2022, notifying the Company that it was below compliance standards due to the average closing price of the Company's American depositary shares being less than $1.00 for a consecutive 30 trading-day period. Following the receipt of the August Letter, the Company is no longer considered below the NYSE Minimum Price Continued Listing Criterion and has regained compliance regarding this matter.
Safe Harbor Statement
This announcement contains statements that may constitute "forward-looking" statements that are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs, plans, outlook and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which includes but are not limited to the following: the Company's growth strategies; its future business development, results of operations and financial condition; its ability to continue to roll out popular products and maintain the popularity of existing products; its ability to anticipate and respond to changes in industry trends and consumer preferences and behavior in a timely manner; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; its ability to integrate newly-acquired businesses and brands; trends and competition in and relevant government policies and regulations relating to China's beauty market; changes in its revenues and certain cost or expense items; and general economic conditions in China. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About Yatsen Holding Limited
Yatsen Holding Limited (NYSE: YSG) is a leading player in China's beauty market with a mission to create an exciting new journey of beauty discovery for consumers in China and around the world. Founded in 2016, the Company has launched and acquired multiple color cosmetics and skincare brands, including Perfect Diary, Little Ondine, Abby's Choice, Galénic, DR.WU (its mainland China business), Eve Lom and Pink Bear. The Company's flagship brand, Perfect Diary, is one of the top color cosmetics brands in China in terms of online retail sales value. Leveraging its digitally native direct-to-customer business model, the Company has built core capabilities which enable it to launch and scale multiple brands quickly while offering a wide selection of products to a growing variety of customers. The Company reaches and engages with customers directly, both online and offline, with expansive presence across all major e-commerce, social and content platforms in China.
For more information, please visit http://ir.yatsenglobal.com/.
For investor and media inquiries, please contact:
In China:
Yatsen Holding Limited
Investor Relations
E-mail: ir@yatsenglobal.com
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: yatsen@thepiacentegroup.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: yatsen@thepiacentegroup.com
View original content:
SOURCE Yatsen Holding Limited | https://www.nbc11news.com/prnewswire/2022/08/02/yatsen-regains-compliance-with-nyse-minimum-price-continued-listing-criterion/ | 2022-08-02T09:27:32Z | https://www.nbc11news.com/prnewswire/2022/08/02/yatsen-regains-compliance-with-nyse-minimum-price-continued-listing-criterion/ | true | 22 |
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SHENZHEN, China, Aug. 2, 2022 /PRNewswire/ -- To further enhance the charm of Shenzhen and its international influence, promote the development of the nighttime economy, enrich nighttime cultural life, and create an world-class brand of light and shadow art and the capital of light and shadow, the Glow Shenzhen 2022 will be held from December 16, 2022 (Friday) to February 19, 2023 (Sunday).
To strengthen the interactive relationship between light and shadow art and public space, encourage art practitioners and young artists from universities to widely participate in the creation of works, the Glow Shenzhen 2022 will uphold the principle of openness and inclusiveness, and open call from domestic and abroad.
Event Name
Glow Shenzhen 2022 OPEN CALL
Event Framework
Organizer: Organizing Committee of Glow Shenzhen
Supporter: ASIA DATA GROUP/HUACAISHENGSHI (Shenzhen) Culture Technology Co., Ltd.
Participants
# Independent artists from home and abroad
# Teachers and students of fine arts colleges and universities
# Relevant art and design institutions, groups, enterprises and institutions
In order to actively explore the development of industry-academia-research activities of Glow Shenzhen, this event has set up a "Green Channel for Young Artists" to encourage the participation of students from colleges and universities. The work that has the highest scores by young artists from colleges and universities will directly get the opportunity to be exhibited in the event.
Requirements for works
- Works for the competition shall fall into the category of light art, there being no limit to the form and style of expression (including but not limited to installation, sculpture, projection, media façade, immersible space, visual image, and so on).
- Entries shall be created locally by means of artistic scenario, and participants shall ensure that the works to be placed on exhibition at home first or combined with local creation in Shenzhen (works for traveling exhibition or from secondary creation of the original works must be equipped with related instructions for the first-created or first exhibited), and for such entries it is to be promised not to have any legal dispute as to copyright, portrait rights, reputation rights, privacy, etc.
- Works for the competition shall focus on artistry, interactivity, innovation, publicness and safety, and give full consideration to the aesthetics of light and shadow works during the day as well as its integration with people, environment and nature, so as to try not to damage the surrounding original infrastructure, and adapt to the outdoor environment for more than 3 months of exhibition.
- If works for the competition have the function of urban furniture, they must not only meet the above conditions, but also give comprehensive consideration to the experience of the crowd, the use of the furniture and the service function of the furniture and the artistic expression of light and shadow requirements, with sturdiness, safety, installation and adaptation to the outdoor environment for more than 6 months.
Recruiting time and submitting way
(i) Recruiting time
From July 22, 2022 (Friday) to September 9, 2022 (Friday)
(ii) Content to be submitted
- Application Form. Signed file(s) shall be submitted in .PDF.
- Real Identity. In contributing, candidates/institutions must attach proof of identity (scanned copy of ID card/passport), or legal and valid documents such as business license or certificate of legal entity. As for students from colleges and universities, a copy of their student ID card or an electronic student ID card shall be submitted additionally.
- Design Instruction. Including the program name, design concept, work specifications, colors, production materials, dimensions, cost estimates (including but not limited to production, transportation, installation), etc.
- Drawings. Including the intention statement diagram, renderings of the work, etc., all in the format of .jpeg, with resolution of 300dpi, drawn in A4 against white background, and indicated the color of each part in the electronic file. The author can also produce 3D animation video clips and other materials that help illustrate the design intent, with a resolution of 1920*1080p in MP4 format.
- Miscellaneous. The relevant materials that candidates/institutions consider necessary to submit as supporting instructions.
For aforementioned materials, their electronic versions shall be provided.
(iii) Submitting way
Candidates/institutions can put into a folder (titled "Glow Shenzhen 2022 + name/institution + works name") the application form, identity proof, design instructions, drawings and other documents, with the same email title as the folder title, and send it to the official email of the Organizing Committee of Glow Shenzhen after compression: glowshenzhen@cgj.sz.gov.cn.
There being no entry fees for the event. When registering, please leave your real name, contact number and email address, as well as any other matters that need to be specified for following contact.
Works Selection
In order to ensure the fairness and impartiality of the selection process, after receiving the works, the organizer shall sort and screen them to ensure that the submitted works meet the requirements of the collection. After finishing the sorting and screening, the organizer will organize a selection committee to select the collected works and determine the eligible works.
Reward Scheme
(i) Selected works
- Certificate of Honor. The organizer will issue certificates of honor for the eligible works.
- Launching support. After the works are selected, the organizer will communicate with the candidates/institutions about launching. If the works meet the launching conditions, the curatorial unit will support the landing of the eligible works by means of work procurement and exhibition services according to the curatorial demand of this Glow Shenzhen event, and the candidates/institutions will be responsible for the production and implementation of the launching works. In order to vigorously support the "Green Channel for Young Artists" program, the organizer will provide comprehensive support for the works created by students from colleagues and universities with the highest scores, including additional curatorial and implementation support.
- Promotional support. The organizer will provide promotional support for exhibition for the outstanding and featured works, and have the opportunity to recommend them to other domestic cities, business districts, internationally renowned lighting festival exhibitions and commercial transformation, etc., with its candidates /institutions having the opportunity to be invited to participate in the third Glow Shenzhen Forum.
(ii) Unselected works
Unselected works will be entered into the alternative works library, issued an electronic entry certificate, and improved to be submitted for the next Glow Shenzhen OPEN CALL again.
Data Acquisition
- Application Form for Glow Shenzhen 2022 OPEN CALL (Appendix 1)
- Overview of Glow Shenzhen 2022 (Appendix 2)
- Past Materials and Videos of Glow Shenzhen
To download the information, please click on the link:
Password：glow
Notes
(a) Candidates/institutions shall strictly abides by the laws and regulations of the People's Republic of China, and guarantee the originality of the works for the competition, and the exclusive and complete copyright of the same.
(b) Works for the competition may not involve in any litigation, nor infringe any legal rights and interests of others, including but not limited to portrait rights, name rights, copyright, trademark rights and other legal rights and interests.
(c) Works for the competition may not contain content that violates the Constitution of the People's Republic of China and any other laws and regulations, and may not be suspected of ethnic discrimination, and religious discrimination, or other content that is contrary to social morality and good customs.
(d) The intellectual achievements involved in the launched works shall be shared between the organizer and the candidates/institution, and the organizer has the rights of exhibition, research and evaluation, photography and video, collection and publication, as well as publicity and promotion for the selected works. All the candidate schemes are non-returnable, so please keep your own manuscripts.
(e) Due to viruses, hacker attacks, and other man-made interference, unexpected events, force majeure or some factors beyond the control of the organizer, the organizer has the right to unilaterally postpone or cancel some and all events when the management, security, evaluation and fairness of the events are seriously affected. The organizer will not be responsible for any infringement of the independent intellectual property rights of the design elements, patterns and layout of the works submitted by the candidates/institutions during the program presentation and public exhibition, and will only cooperate and assist the candidates/institutions to defend their rights.
(f) The selection results shall be announced in October 2022 on the platforms such as the official website of Shenzhen Municipal Bureau of Urban Management and Comprehensive Law Enforcement and the WeChat Official Account of "Glow Shenzhen".
(g) For the submitted works obtaining launching support, candidates/institutions must participate in the design deepening and implementation of the works in the subsequent implementation process. If the depth of design cannot meet the launching requirements due to the candidates'/institutions' own reasons and cannot be landed, or if the candidates/institutions cannot cooperate with the organizer to provide launching support in time and their works cannot be successfully landed before the opening of this Glow Shenzhen event, then the candidates/institutions will be regarded as giving up the opportunity of launching support provided by this event.
(h) Any candidate/institution that submits works for the competition shall be deemed to have confirmed and complied with all the provisions and requirements of this collection scheme, and to assume all responsibilities for their works. In the event that the candidate violates the aforementioned terms and conditions, the organizer shall have the right to immediately disqualify the candidate/institution from the competition and withdraw the awards and interests granted to the candidate/institution, and any legal proceedings, legal liabilities and property losses arising therefrom shall be nothing to do with the organizer, and borne by the candidate/institution.
(i) The organizer shall have the final right to interpret this public collection.
Contacts
Wei Yuan, +86 13824330322
Lv Yuang, +86 18825100802
Zeng Xin, +8615625757173, zengxin@it-works.com.cn
View original content:
SOURCE Asia Data Group | https://www.kcrg.com/prnewswire/2022/08/02/glow-shenzhen-2022-open-call/ | 2022-08-02T09:28:38Z | https://www.kcrg.com/prnewswire/2022/08/02/glow-shenzhen-2022-open-call/ | false | 12 |
Two new scholarship funds were made available to the University of Haifa, the university announced on Tuesday, thanks to donations provided by Brazilian-Jewish businessman Elie Horn.
A sum of $120 million will be available for “Ahavat Olam” (eternal love) scholarships intended for students interested in pursuing in-depth studies in Jewish religion, heritage, and history. An additional sum of $3 million will be earmarked specifically for female students who face difficulties financing their studies.
Helping women
“It is a great privilege to help young women and men to realize their full potential,” Horn said. “I am pleased to cooperate with the University of Haifa in order to help promote social change and narrow gaps among the whole population, particularly among women.”
console.log("BODY2. CatId is:"+catID);if(catID==120){console.log("BODY. YES for anyclip script");document.getElementsByClassName("divConnatix")[0].style.display ="none";var script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1i_12258'); document.getElementsByClassName('divAnyClip')[0].appendChild(script);}else if(catID!=69 && catID!=2){console.log("BODY. YES for vidazoo script");document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://static.vidazoo.com/basev/vwpt.js'; script.setAttribute('data-widget-id','60fd6becf6393400049e6535'); document.getElementsByClassName('divVidazoo')[0].appendChild(script); }“It is a great privilege to help young women and men to realize their full potential.”
Elie Horn
These scholarships also stand at $2,000 a year and the plan is to award them to some 500 women students over the next three years. The threshold criterion for this scholarship is the student’s socioeconomic background; additional criteria such as military or civilian national service or community service will provide extra points.
Providing for the future of Jewish education
The Ahavat Olam program is a long-term program, aimed at awarding annual grants to students across all the departments and study programs. Each scholarship will be at the sum of $2,000 and is open to bachelor’s and master’s degree students in any year of study.
The scholarship can potentially provide $6,000 for undergraduate students and $4,000 for master’s degree students. In addition to their regular study program, recipients of the Ahavat Olam scholarship will take academic courses in areas of Jewish studies taught in the various departments. They will also participate in enrichment courses and activities in fields promoting pluralistic Judaism, Jewish culture, heritage and history.
“I’m proud that we are able to offer these scholarships and to help a large and diverse circle of candidates, particularly after two difficult years due to the COVID pandemic,” University of Haifa President Prof. Ron Rubin commented.
He added that “The University of Haifa promotes social mobility and thanks to these new scholarships we will be able to make higher education accessible to wider circles who might otherwise have chosen not to pursue academic studies due to financial considerations. Naturally, we thank Elie Horn and we are looking forward with excitement to the upcoming academic year,” he concluded.
Since one of the focuses of the Ahavat Olam scholarship is in the fields of Jewish studies and heritage, a condition for acceptance is matriculation in either Bible Studies or toshba (Oral Torah). Candidates who do not meet this condition will be able to choose an alternative application track requiring successful completion of two academic courses in Jewish Studies, without additional fees, from the existing range of courses offered by the university in the field.
University Rector, Prof. Gur Alroey, said he anticipates that the scholarship will make a real contribution to strengthening the field.
“In recent years there has been a decline in the number of students coming to the Jewish studies departments. In the long term, this will weaken the entire research discipline. Now, thanks to the Ahavat Olam scholarship, students from all faculties and departments will join these courses, breathing new life into the Biblical Studies and Jewish History departments,” he said. | https://www.jpost.com/j-spot/article-713698 | 2022-08-02T09:30:27Z | https://www.jpost.com/j-spot/article-713698 | false | 1 |
Telugu Desam Party supremo and former chief minister N Chandrababu Naidu seems to be compromising with the situation these days. He revolted against Prime Minister Narendra Modi before the 2019 general elections and broke the alliance. He rallied the non-BJP wings at the national level and had even tied-up with the Congress.
But, after the TDP’s debacle in the elections, Chandrababu Naidu is said to be moving closer to the BJP leadership. He had recently extended support to the BJP-led NDA candidate in the Presidential election. He is said to be lobbying with the BJP top leadership to restore ties with the party for the 2024 general elections.
He is now getting ready to face Prime Minister Narendra Modi and is all set to share a meeting to be chaired by the Prime Minister in Delhi on August 6. The prime minister had convened a meeting to celebrate the Azadi Ka Amruth meeting commemorating the 75 years of Independence. The Central government had invited Chandrababu Naidu from Andhra Pradesh to attend the meeting.
As chief minister, Y S Jagan Mohan Reddy too will be attending the meeting. He is also scheduled to meet Prime Minister Narendra Modi on the day and ask for release of funds for the Polavaram Project, including the rehabilitation and resettlement package.
Both Chandrababu Naidu and Jagan Mohan Reddy don’t see eye to eye. The political differences between the two leaders have gone even personal and they hate each other to the core. As Chandrababu Naidu announced the boycott of the Assembly, they have not seen eye to eye in the last one year.
The two leaders are scheduled to attend the meeting and it is to be seen how Chandrababu Naidu faces Narendra Modi chairing the meeting and Jagan Mohan Reddy attending the meeting. | https://www.telugu360.com/jagan-naidu-to-attend-meeting-with-modi-on-aug-6/ | 2022-08-02T09:34:00Z | https://www.telugu360.com/jagan-naidu-to-attend-meeting-with-modi-on-aug-6/ | true | 1 |
LEADING OFF: Trade deadline, Soto sweepstakes, deGrom return
By The Associated Press
The Juan Soto sweepstakes come down to the wire, with baseball’s trade deadline fast approaching at 6 p.m. EDT. Soto is the biggest name on the block, with Washington considering bids for the 23-year-old slugger after he turned down a $440 million, 15-year deal to stay with the team. Willson Contreras, J.D. Martinez and Josh Bell are some other dangerous hitters likely available, while the starting pitcher pool could include Giants lefty Carlos Rodón, Marlins right-hander Pablo López and Red Sox righty Nathan Eovaldi. Meanwhile, Mets ace Jacob deGrom finally returns from a string of injuries to make his season debut in Washington. The two-time NL Cy Young Award winner has not pitched in the majors since July 7, 2021. | https://ktvz.com/sports/ap-national-sports/2022/08/02/leading-off-trade-deadline-soto-sweepstakes-degrom-return-2/ | 2022-08-02T09:36:05Z | https://ktvz.com/sports/ap-national-sports/2022/08/02/leading-off-trade-deadline-soto-sweepstakes-degrom-return-2/ | false | 5 |
An ancient woodland in Northern Ireland has opened to the public for the first time in more than 500 years.
The Woodland Trust conservation charity hopes Mourne Park will now become a popular visitor attraction, having bought 156 hectares of the 212 hectare site last year.
It is currently raising funds to buy a further 46 hectares.
As part of the £5.2 million campaign, the trust has reinstated walking paths in woodland that has not offered public access since the 1500s.
Three trails have been completed over loose gravel paths covering a variety of gradients and lengths. They have been called the Bluebell Walk, the Woodland Loop and the Whitewater Trail.
Mourne Park is near Kilkeel in Co Down on the edge of the Mourne Mountains, an area of outstanding natural beauty.
The charity says the park is home to extremely rare woodland and is also inhabited by wildlife such as red squirrels, otters and pine martens.
The Woodland Trust, which is celebrating its 50th year, has bought 1,200 sites across the UK in the last five decades.
The initial purchase of Mourne Park was part funded by Stormont’s Department of Agriculture, Environment and Rural Affairs and the Garfield Weston Foundation.
Ian McCurley, director of Woodland Trust Northern Ireland, said: “Mourne Park is one of the most important areas of natural beauty in the whole of Northern Ireland, with 73ha of precious ancient woodland so incredibly rare to find.
“We want to open Mourne Park up in a sensitive way, to allow the public to enjoy it in all its glory. So we have created three walking trails in our first phase of works.
“In these times, when people are calling for more green space, access to the countryside has never been more important.”
He added: “We need help to acquire the additional 46ha, to complete restoration in this precious ancient landscape, improve access for people and create more havens for wildlife.
“To be able to protect woodlands on this landscape scale means more for nature, more for people and more for climate change.”
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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.tipperarylive.ie/news/national-news/875119/northern-irish-woodland-opens-to-the-public-for-first-time-in-five-centuries.html | 2022-08-02T09:36:48Z | https://www.tipperarylive.ie/news/national-news/875119/northern-irish-woodland-opens-to-the-public-for-first-time-in-five-centuries.html | false | 18 |
A second man has been charged with the murder of Victor Hamilton in Ballymena.
The 33-year-old accused, who was arrested in the early hours of Sunday, is due to appear before Antrim Magistrates’ Court, sitting in Ballymena, later on Tuesday.
Mr Hamilton was found dead in the driveway of his home in Orkney Drive in the Co Antrim town last Wednesday morning.
Another man appeared before a district judge on Monday, accused of the murder of the 63-year-old.
Mamadu Saido Djalo was remanded in custody.
A 33 year old man has been charged with murder by detectives investigating the murder of 63 year old Victor Hamilton. pic.twitter.com/PavtaiKJZG
— Police Mid and East Antrim (@PSNIMEADistrict) August 1, 2022
The 29-year-old, from Springfield Crescent in Belfast, appeared before Coleraine Magistrates’ Court, sitting in Ballymena, via video-link from Musgrave Street police custody suite in Belfast.
During the short hearing, he spoke only to confirm he understood the charge he was facing.
A detective sergeant told the court he could connect Djalo to the charge.
Blaine Nugent, representing the accused, said he was not in a position to make an application for bail on Monday.
He requested that the case be listed again in a week’s time so a bail application could be made.
Deputy District judge Philip Mateer remanded Djalo in custody until August 8 when he will appear before the court again.
A 23-year-old woman arrested in Belfast on Friday by detectives investigating the murder was released on bail on Sunday pending further police inquiries. | https://www.irishexaminer.com/news/courtandcrime/arid-40931438.html | 2022-08-02T09:41:33Z | https://www.irishexaminer.com/news/courtandcrime/arid-40931438.html | false | 2 |
CEE MARKETS-Forint hits 1-week high on profit-taking amid risk-off mood
PRAGUE, Aug 2 (Reuters) - The Hungarian forint broke to the strong side of a major level against the euro on Tuesday, gaining on profit-taking after hitting recent lows, although pressure on central European currencies remained. The region's currencies have been on the back foot due to souring risk sentiment, with the forint the worst-hit as it touched record lows in the past month, as economic woes build in Europe, energy prices soar and fears of Russian gas supplies being shut off grow. The U.S. dollar is also weighing, drawing interest away from risk assets as the Federal Reserve tightens policy. Weakening purchasing manager indices (PMIs) in central Europe on Monday added to gloom, and global markets were also on edge as U.S. House of Representatives Speaker Nancy Pelosi was expected to visit Taiwan. The forint, though, was able to manage gains in shallow trading after crossing key levels, a trader said. The forint was up 0.6% at 396.7 to the euro at 0843 GMT, getting past the psychological 400 level and also beyond its 50-day moving average, which helped propel it to a one-week high. In Poland, the zloty inched up 0.1% to 4.71 per euro, but was expected to face continued pressure, which was also seen in stock markets as central European shares dropped with global peers. "The materializing threat of a global recession, coupled with concerns about disruptions in the transmission of Russian gas to Europe, will invariably constitute a mix of factors supporting the maintenance of the risk-off strategy," Bank Millennium said in its morning trade note. Market attention was also turned to the Czech crown , which was steady at 24.64 to the euro on Tuesday before a closely-watched central bank policy meeting on Thursday. The Czech National Bank's (CNB) revamped seven-seat board - with three new members and a new governor who has opposed rate hikes - meeting for the first time. While markets are split on whether another rate would be on the table, analysts also expected debate on an ongoing intervention mandate the bank has used since May to keep the crown from weakening. A weaker currency would add to inflationary pressures. "The crown is concentrated on the approaching CNB meeting where there is a risk of an end to interventions that would likely lead to significant and sudden weakening," CSOB analysts said. CEE SNAPSHO AT MARKETS T 1043 CET CURRENC IES Latest Previou Daily Change s bid close change in 2022 EURCZK Czech <EURCZK 24.6400 24.6370 -0.01% +0.94% = crown => EURHUF Hungary <EURHUF 396.700 399.250 +0.64% -6.88% = forint => 0 0 EURPLN Polish <EURPLN 4.7100 4.7145 +0.10% -2.53% = zloty => EURRON Romanian <EURRON 4.9275 4.9266 -0.02% +0.42% = leu => EURHRK Croatian <EURHRK 7.5190 7.5205 +0.02% -0.02% = kuna => EURRSD Serbian <EURRSD 117.290 117.390 +0.09% +0.25% = dinar => 0 0 Note: calculated from 1800 daily CET change Latest Previou Daily Change s close change in 2022 .PX Prague 1201.61 1206.89 -0.44% #VALUE! 00 .BUX Budapest 42229.3 42265.2 -0.08% -16.74% 8 4 .WIG20 Warsaw <.WIG20 1722.20 1736.47 -0.82% -24.03% > .BETI Buchares 12476.1 12528.5 -0.42% -4.48% t 1 5 .SBITO Ljubljan <.SBITO 1159.15 1159.88 -0.06% -7.67% P a P> .CRBEX Zagreb <.CRBEX 1954.64 1963.90 -0.47% -6.00% > .BELEX Belgrade <.BELEX 836.25 839.44 -0.38% +1.88% 15 15> .SOFIX Sofia <.SOFIX 602.54 602.07 +0.08% -5.21% > Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic CZ2YT= 2-year <CZ2YT= 5.9070 -0.2160 +571bp -18bps RR RR> s CZ5YT= 5-year <CZ5YT= 4.7220 -0.0230 +428bp +2bps RR RR> s CZ10YT <CZ10YT 4.0610 0.0760 +334bp +11bps =RR 10-year =RR> s Poland PL2YT= 2-year <PL2YT= 6.6640 -0.0030 +647bp +3bps RR RR> s PL5YT= 5-year <PL5YT= 5.8930 0.0180 +545bp +6bps RR RR> s PL10YT <PL10YT 5.4280 0.0470 +470bp +9bps =RR 10-year =RR> s FORWARD 3x6 6x9 9x12 3M interba nk Czech <CZKFRA 7.56 7.45 7.09 7.31 Rep ><PRIBO R=> Hungary <HUFFRA 14.09 14.22 14.12 12.02 ><BUBOR => Poland <PLNFRA 7.37 7.37 7.10 7.01 ><WIBOR => Note: are for ask FRA prices quotes ******************************************** ****************** (Reporting by Jason Hovet in Prague, Anita Komuves in Budapest and Pawel Florkiewicz in Warsaw, Editing by Angus MacSwan) | https://www.dailymail.co.uk/wires/reuters/article-11072337/CEE-MARKETS-Forint-hits-1-week-high-profit-taking-amid-risk-mood.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-02T09:42:24Z | https://www.dailymail.co.uk/wires/reuters/article-11072337/CEE-MARKETS-Forint-hits-1-week-high-profit-taking-amid-risk-mood.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false | 1 |
Investors need to evaluate how they stack up against other high credit quality fixed-income options before putting money in them.
On June 30, the government decided to leave interest rates on Small Saving Schemes (SSS) unchanged.
Expectations that the rates would be reset upward amid a rising interest-rate environment were high.
Investors need to evaluate how they stack up against other high credit quality fixed-income options before putting money in them.
Returns still attractive
Experts say the returns of some SSS still remain attractive.
"A few schemes like Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) still look attractive as they offer tax deduction. Interest income from them is also tax exempt," says Pankaj Mathpal, managing director, Optima Money Managers.
SSS returns look better than those offered by bank fixed deposits (FDs).
For example, National Savings Certificates (NSC), which have a five-year tenure, offer 6.8 per cent along with Section 80C deduction.
This is a better option than the 5.5-6 per cent being offered by five-year tax saving bank FDs.
However, advisors say one needs to take a holistic view when comparing these instruments.
"While comparing SSS rates with bank FDs, consider two points: Tax efficiency and lock-in period. SSS like PPF enjoy tax benefits which make their post-tax yield significantly better than bank FD rates. However, such investments typically have a long lock-in period," says Vibhor Mittal, chief business officer, fixed income, (YubiInvest), Yubi (formerly CredAvenue).
"For example, withdrawals from PPF are permitted only after year five. An investor who may need money in the near future, or who wants to park funds for personal emergencies, may consider bank FDs," adds Mittal.
Corporate FD rates on the upswing
FDs issued by quality corporates, typically with AAA ratings, are available at attractive interest rates.
Bajaj Finance, for instance, recently hiked its interest rates to 6.2 per cent on one-year and 7.4 per cent on three-year FDs.
AA+ rated FDs are even more attractive. For similar tenures, Shriram Transport Finance offers 6.5 per cent and 7.75 per cent respectively.
"Given their track record and higher rates compared to other products, offerings from companies like Bajaj Finance and Shriram Transport are attractive options," says Anup Bhaiya, founder and managing director, Money Honey Financial Services.
However, they can't compare with SSS on credit quality, as the latter enjoy sovereign backing.
Check out government debt
Conservative investors may also shop for government securities (G-Secs), state development loans (SDLs), and treasury bills from the RBI Retail Direct Web site.
These carry zero credit risk. Currently, 364-day treasury bills are offering a yield of 6.28 per cent. 91- and 182-day treasury bills are also available.
One- to two-year G-Secs are currently offering a yield of around 6.5 per cent, while five-year G-Secs are offering around 7.1 per cent.
While the interest rates on FDs and G-Secs are turning attractive, investors in the higher tax slabs may not want to invest in them, as interest from them gets taxed at the marginal tax rate.
Debt fund yields are improving
Investors may also consider debt funds that invest in quality bonds.
Corporate debt funds invest in bonds issued by corporate entities with AA+ and AAA ratings.
On May 31, corporate bond funds were offering an average yield to maturity of 6.54 per cent.
An expense ratio of around half percentage point leaves the investor with around 6 per cent expected return.
Investors may also consider target maturity funds maturing in four-five years.
They invest in G-Secs, SDLs, and bonds issued by quality PSUs.
"Select debt funds whose average maturity is in line with your investment horizon. Consider money market and short-duration funds for a shorter investment horizon, floating-rate funds for the medium term, and banking and PSU funds for the long term," says Mathpal.
Gains on the sale of debt fund units held for three years are treated as long-term capital gains and are taxed at 20 per cent post indexation, which makes them attractive for investors in the higher tax brackets.
With interest rates still rising, avoid longer-duration funds.
Feature Presentation: Aslam Hunani/Rediff.com | https://www.rediff.com/getahead/report/rising-interest-rates-what-scheme-to-invest/20220802.htm | 2022-08-02T09:45:24Z | https://www.rediff.com/getahead/report/rising-interest-rates-what-scheme-to-invest/20220802.htm | true | 1 |
London [UK], August 2 (ANI): Fernando Alonso will join Aston Martin in 2023 on a multi-year contract as a replacement for Sebastian Vettel.
The Aston Martin Aramco Cognizant Formula One Team announced that Alonso will be joining the team in 2023. The 41-year-old certainly does have a lot of experience under him and the hunger to win more titles.
Alonso, a two-time world champion who currently drives for Alpine will be filling up the place of Vettel who announced his retirement last week through a video posted by him on Instagram.
Aston Martin is looking to build a team that can win titles and the addition of Alonso's experience will definitely benefit the team as a whole. Aston Martin is currently second last in the standings.
"This Aston Martin team is clearly applying the energy and commitment to win, and it is, therefore, one of the most exciting teams in Formula One today," said Alonso in an official statement.
"I have known Lawrence and Lance for many years and it is very obvious that they have the ambition and passion to succeed in Formula One," he added.
Alonso believes in the vision that Aston Martin has for the future and wants to be a part of the project that will succeed in future.
"I have watched as the team has systematically attracted great people with winning pedigrees, and I have become aware of the huge commitment to new facilities and resources at Silverstone," he said.
"No one in Formula One today is demonstrating a greater vision and absolute commitment to winning, and that makes it a really exciting opportunity for me," said the 41-year-old racer.
Turning 41 recently, the Spanish racer still has the desire to win inside him and will be looking to carry that forward and win with Aston Martin in his future endeavors with the team.
"I still have the hunger and ambition to fight to be at the front, and I want to be part of an organization that is committed to learn, develop and succeed. We all appreciate that there is much to be done to get to the front, and that we must apply all our energies in working together to find performance," said Alonso.
"The passion and desire to perform that I have witnessed convince me to maintain my enjoyment and commitment to the sport. I intend to win again in this sport and therefore I have to take the opportunities that feel right to me," he continued.
Aston Martin's executive chairman Lawrence Stroll is aiming to make the team successful again in the highly competitive sport and hence the singing of a winner like Alonso just 6 days after the leaving message from Sebastian Vettel.
"I have known and admired Fernando for many years and it has always been clear that he is a committed winner like me," said Lawrence.
"I have set out to bring together the best people and develop the right resources and organisation to succeed in this highly competitive sport, and those plans are now taking shape at Silverstone," he continued. (ANI)
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body) | https://www.latestly.com/agency-news/sports-news-fernando-alonso-signs-multi-year-deal-with-aston-martin-to-join-in-2023-as-sebastian-vettels-replacement-4029799.html | 2022-08-02T09:47:12Z | https://www.latestly.com/agency-news/sports-news-fernando-alonso-signs-multi-year-deal-with-aston-martin-to-join-in-2023-as-sebastian-vettels-replacement-4029799.html | true | 2 |
Are you ready for the most cooked series on television to return to your screen? Because we most certainly are. The Masked Singer Australia has a launch date for 2022, and we’ve no doubt that fans are already starting to think about who may be singing beneath those absolutely ridiculous costumes.
With the risk of exposing ourselves as absolutely basic weirdos who love a little bit of Masked Singer drama, we decided to write up a quick guide to the new season and everything you can expect from it.
What is The Masked Singer?
In a nutshell, The Masked Singer Australia is a talent show in which a list of celebrities (or rather, personalities) sing on stage while wearing over-the-top costumes that hide their identities from the audience and judges.
The panel of judges, and the audience at home, hear a list of clues that hint at who it may be under the mask and people can make their guesses. When the singer is eliminated (it’s a voting process), they are unmasked, and you can bask in the glory of having guessed correctly or awkwardly sit there and learn you were wrong.
The Aussie series was born off the back of the success of the U.S version of The Masked Singer, which was inspired by a Korean game show, King of Mask Singer.
Who is on the Masked Singer in 2022?
The judging panel for the Aussie reality show has changed in 2022, with only Dave Hughes returning for season 4. He will be joined by Mel B (yes, of the Spice Girls), radio presenter Chrissie Swan and former Bachie contestant Abbie Chatfield.
How about the singers, though? The list of performing characters is slowly being revealed, and it’s as chaotic as ever. Here’s who we know is hitting the stage so far:
- Blowfly
- Mirrorball
- Popcorn
- Rooster
- Snapdragon
- Thong
- Tiger
- Zombie
Watch this space for updates. But for now, Thong is absolutely our fave (judging on looks alone).
Once again, the series will be hosted by everyone’s favourite TV dad, Osher Günsberg.
Do we have any clues to obsess over?
Yes! There aren’t too many just yet, but we have seen clues about there being a former Neighbours star competing on the show, along with a “gold medal-winning legend of Australian sport”.
We can also say folks are already starting to guess the identity of some of the contestants, with fans wondering if Mirrorball is none other than our girl, Kylie Minogue.
Everybody needs good Neighbours! Ramsay Street Royalty is behind one of our masks… but who?
— The Masked Singer Australia (@maskedsinger_au) August 1, 2022
The #MaskedSingerAU Starts 7.30 Sunday on 10 and 10 play on demand. pic.twitter.com/5xNh0VV5HY
When and where can we watch The Masked Singer Australia in 2022?
The Masked Singer Australia premieres Sunday, August 7 at 7.30 pm on 10 and 10 Play.
We will be sure to update this piece with more details on the 2022 season of The Masked Singer Australia as they become available. | https://www.lifehacker.com.au/2022/08/the-masked-singer-australia/ | 2022-08-02T09:47:20Z | https://www.lifehacker.com.au/2022/08/the-masked-singer-australia/ | false | 1 |
YAKIMA, Wash., Aug. 2, 2022 /PRNewswire/ -- Consumers have yet another reason to choose the Pink Lady® brand when shopping for apples. For the first time in the global brand's history, the beloved fruit was named Best Apple in the 2022 Healthy Snack Awards from Good Housekeeping in the Powerhouse Produce category. The awards are based on a lengthy testing process in which the registered dieticians and culinary pros at the Good Housekeeping Nutrition Lab pore over the nutrition facts, ingredient lists and flavor profiles of hundreds of snacks. All products must meet specific criteria to qualify and are subject to additional consumer testing and real-life analysis. The result is this article of 2022 winners, where Good Housekeeping notes that testers found the flavor of Pink Lady® "superior to that of other apples, saying it was 'crisp, refreshing and incredibly tasty."
Stefani Sassos, MS, RDN CDN and Deputy Nutrition Director for Good Housekeeping said, "The incredible flavor profile and impressive nutrition of Pink Lady® apples were some of the many reasons why the fruit stood out to our testers and judges. They make for an easy, nutrient dense snack at any time of day that provides a family-friendly snacking solution too."
To celebrate earning this impressive accolade, Pink Lady® apples are serving up new snack-spiration this month with recipes developed in partnership with lifestyle experts. The recipes will be shared with the growing community of Pink Lady® apple fans that are connected to the brand through its digital platforms.
"As a marketer and a shopper, it's incredible to know that over 5,300 product samples and nearly 50,000 data points were analyzed for the Good Housekeeping Nutrition Lab to choose the Healthy Snack Award winners," said Kathryn Grandy, Chief Marketing Officer of Pink Lady® America. "With so many options available, this annual roundup is hugely valuable for consumers looking for brands they can trust," she added. "We are ecstatic that Pink Lady® apples are a 2022 winner and are honored to see our brand next to the market's most innovative and delicious snacks."
Brought to the United States over 25 years ago, Pink Lady® brand apples are grown in Washington State, and other prime farming regions across the country. It is the first apple to blossom and the last to be harvested with each one soaking up 200 days of sunshine. As the 6th most popular variety on the market, Pink Lady® apples are often called out by name in recipes developed by noted chefs and bakers. Available in all seasons, Pink Lady® apples are known for their sweet and tart flavor and signature rosy color. Pink Lady® apples are perfect for snacking as well as baking and even cocktail making. For recipes, visit the pinkladyamerica.org and follow Pink Lady® America on Instagram and Facebook.
View original content to download multimedia:
SOURCE Pink Lady® America | https://www.wrdw.com/prnewswire/2022/08/02/pink-lady-apples-are-2022-good-housekeeping-healthy-snack-award-winner/ | 2022-08-02T09:58:38Z | https://www.wrdw.com/prnewswire/2022/08/02/pink-lady-apples-are-2022-good-housekeeping-healthy-snack-award-winner/ | true | 12 |
A detailed picture of how Sanjay Raut is involved in Patra Chawl case. Also, after being caught, how ED was slammed and tagged to target only opposition party leaders. | https://www.dnaindia.com/india/video-dna-know-how-sanjay-raut-is-involved-in-patra-chawl-case-2973326 | 2022-08-02T09:58:41Z | https://www.dnaindia.com/india/video-dna-know-how-sanjay-raut-is-involved-in-patra-chawl-case-2973326 | false | null |
I-T dept detects Rs 1,000-crore black income after raids on Gujarat group
- Country:
- India
The Income Tax Department has unearthed ''unaccounted'' income of more than Rs 1,000 crore after it raided a Gujarat-based business conglomerate last month, the CBDT said Tuesday.
''Unaccounted cash of Rs 24 crore and unexplained jewelry, bullion, etc. valued at Rs 20 crore have been seized so far,'' it said in a statement.
The searches were launched on July 20 and the agency covered 58 premises in Kheda, Ahmedabad, Mumbai, Hyderabad, and Kolkata.
The ''prominent'' business conglomerate is engaged in diversified fields of textiles, chemicals, packaging, real estate, and education, the CBDT said without identifying the group.
The Central Board of Direct Taxes (CBDT) is the administrative authority for the tax department.
Documents and digital data seized during the raids show that the group has been engaged in ''large-scale'' tax evasion by adopting various methods, including by way of ''unaccounted' cash sales outside the books of account, booking of bogus purchases, and cash receipts from real estate transactions, it said.
''The group has also been found involved in the layering of unaccounted sums through share premium from Kolkata-based shell companies.'' ''Certain instances of unaccounted income generated through cash-based 'sarafi' (unsecured) advance made have also been found,'' the statement said.
The business group was ''involved in profiteering through manipulation of share prices of its listed companies through operators.'' Seized data indicates the group has been siphoning off funds through fictitious entities for the personal use of promoters, it said, adding it was found ''manipulation'' of the books of account of the public limited companies of the congolmerate was being done, the CBDT said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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CBI questions ex-Mumbai police chiefs Sanjay Pandey, Param Bir Singh in corruption case against former minister Anil Deshmukh: Officials. | https://www.devdiscourse.com/article/business/2130657-i-t-dept-detects-rs-1000-crore-black-income-after-raids-on-gujarat-group | 2022-08-02T10:00:31Z | https://www.devdiscourse.com/article/business/2130657-i-t-dept-detects-rs-1000-crore-black-income-after-raids-on-gujarat-group | false | 1 |
Meghan Markle was shunned by a royal aide on her wedding day.
The Duchess of Sussex suffered with her veil as she entered the chapel unattended after a rude encounter with a military escort.
Meghan's veil had become twisted as she stepped out of the car. The Duchess was consequently helped by another aide along with designer Clare Waight Keller for Givenchy.
Speaking on an upcoming episode of the Mirror's Pod Save the Queen podcast, author Tom Bower reveals: "A military man told me an extraordinary story about Meghan when she arrived at the wedding at Windsor Castle on that glorious day in 2018.
"You see her get out of the car unaccompanied and she has problems with the train of her dress and the army officer doesn't step forward to help her.
"And the reason is, is the day before in the rehearsal, she had been very rude to him so he thought 'well I'm not going to help you today'.
"I didn't get the story from him but a fellow officer of his, who explained what had happened."
Meghan Markle walked down the aisle for Prince Harry accompanied by father-in-law Prince Charles. The couple welcomed their first child, Archie Harrison, a year later in 2019. | https://www.thenews.com.pk/latest/979034-meghan-markle-left-unattended-are-furious-row-with-s | 2022-08-02T10:00:43Z | https://www.thenews.com.pk/latest/979034-meghan-markle-left-unattended-are-furious-row-with-s | false | 2 |
Bollywood actress Mallika Sherawat made her acting debut with the 2004 film Murder. Since then she has appeared in several films like The Myth (2005), Hisss (2010), Politics of Love (2011), and Time Raiders (2016). She has established herself as the s*x symbol in the entertainment industry.
While Mallika is known for her bold onscreen attitude in films, she also has a no-holds-barred approach to answering questions. She recently spoke about the existence of the casting couch that did impact her career in the Indian film industry.
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As reported by Hindustan Times, Mallika Sherawat said, “All the A-lister heroes refused to work with me, because I wouldn’t compromise. It’s very simple — they like actresses who they can control and who will compromise with them. I am not that, my personality isn’t that. I didn’t want to subject myself to someone’s whims and fancies.”
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The 45-year-old actress, who was most recently seen in the film RK/RKay, elaborated further to clarify what she means by compromise. She said, “Sit, stand, anything. If the hero calls you at 3 Am and says, ‘Come to my house’, you have to go, if you are in that circle and if you are doing that film. If you don’t go, then you are out of the film.”
Mallika Sherawat then went on to add that she cut down on doing Bollywood films over the years and focused on Internation projects. The 2004 film Murder’s success worked in her favour as she bagged films that cast Jackie Chan. She even said how she got meet former US President Barak Obama twice.
Further reflecting on her almost two decades in cinema, the actress claimed that she is happy with the opportunities that came her way.
For more updates on Bollywood news, tune into Koimoi.
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Advertisement | https://www.koimoi.com/bollywood-news/mallika-sherawat-exposes-the-dark-side-of-bollywood-suffering-casting-couch-says-if-the-hero-calls-you-at-3am-at-his-house-youve-to-go/ | 2022-08-02T10:00:49Z | https://www.koimoi.com/bollywood-news/mallika-sherawat-exposes-the-dark-side-of-bollywood-suffering-casting-couch-says-if-the-hero-calls-you-at-3am-at-his-house-youve-to-go/ | false | 1 |
Some people were a tad surprised that Nadine Dorries was snapped with former Spice Girl Geri Halliwell (now Horner) celebrating the Lionesses’ famous victory over Germany.
England beat Germany 2-1 after extra time in front of 87,000 supporters at Wembley Stadium on Sunday, securing the first major tournament title for the country since 1966.
The TV audience peaked at 17.5million on BBC One.
However, Geri does appear a soft spot for the Tories and especially Margaret Thatcher.
But if that wasn’t enough another picture has emerged of Geri with her arms around Tory leadership favourite Liz Truss.
The Daily Mail‘s deputy political editor John Stevens shared the pic and wrote: Exclusive: Spice Girl Geri Horner told Liz Truss to “go for it!” as they met at Wembley yesterday.
It might be a tad hypocritical as Liz Truss launched personal attacks on Nicola Sturgeon, something which could further strain the relationship between Westminster and Holyrood if the Tory leadership hopeful becomes the next prime minister.
The Foreign Secretary labelled the First Minister an “attention-seeker” who should be ignored, while Ms Truss’s ally, Jacob Rees-Mogg, said the Scottish National Party leader is “always moaning”.
Also, Geri was the original Brexiteer…apparently.
Reactions
The puns rolled in, as Liz Truss hopes two become one in the leadership race, sorry.
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Related: As Lionesses roar to victory all the people you expect use the win to stoke gender debate | https://www.thelondoneconomic.com/news/liz-truss-pictured-with-spice-girl-and-the-internet-responded-331309/ | 2022-08-02T10:04:10Z | https://www.thelondoneconomic.com/news/liz-truss-pictured-with-spice-girl-and-the-internet-responded-331309/ | false | 1 |
AIRPORT CITY LOD ISRAEL, Israel (AP) _ AudioCodes Ltd. (AUDC) on Tuesday reported second-quarter earnings of $6.9 million.
On a per-share basis, the Airport City Lod Israel, Israel-based company said it had net income of 21 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 34 cents per share.
The communication components company posted revenue of $68.4 million in the period.
AudioCodes shares have dropped 31% since the beginning of the year. The stock has dropped 27% 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 AUDC at https://www.zacks.com/ap/AUDC | https://www.middletownpress.com/business/article/AudioCodes-Q2-Earnings-Snapshot-17344789.php | 2022-08-02T10:08:27Z | https://www.middletownpress.com/business/article/AudioCodes-Q2-Earnings-Snapshot-17344789.php | true | null |
Motorist in Offaly the worst offender as almost 600 drivers caught speeding across Ireland
A motorist in Offaly was the worst offender as almost 600 drivers were caught speeding across Ireland on Friday.
Over 121,000 vehicles were monitored across the country on Friday with 585 drivers detected speeding.
Gardai issued a list of the highest speeds detected with an Offaly motorist being the worst offender.
The motorist was caught travelling at 93km/h in a 50km/h zone on the Arden Road in Tullamore. Another motorist in Offaly was caught speeding at 135km/h on the M6 motorway.
The full list published by gardai was:
93 Km/h in 50 Km/h Arden Road, Tullamore Offaly
84 Km/h in 60 Km/h Finglas Road, Dublin 11, Dublin
110 Km/h in 80 Km/h R265 Cuttymanhill, St Johnston, Donegal
170 Km/h in 100 Km/h M50, Tymon North, Dublin 24
135 Km/h in 120 Km/h M7 Meelick Portlaoise
135 Km/h in 120 Km/h M6 Kilcurley Moate Offaly
Subscribe or register today to discover more from DonegalLive.ie
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/offaly-live/875138/motorist-in-offaly-the-worst-offender-as-almost-600-drivers-caught-speeding-across-ireland-in-one-day.html | 2022-08-02T10:17:34Z | https://www.ireland-live.ie/news/offaly-live/875138/motorist-in-offaly-the-worst-offender-as-almost-600-drivers-caught-speeding-across-ireland-in-one-day.html | true | 2 |
Global Automatic Agricultural Product Baler Industry Research Report 2022|John Deere, Vermeer, Kadant PAAL
The Automatic Agricultural Product Baler market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
According to our (Global Info Research) latest study, due to COVID-19 pandemic, the global Automatic Agricultural Product Baler market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during forecast period 2022-2028.
Market segment by Type, covers
Round Baler
Square Baler
Market segment by Application can be divided into
Hay
Cotton
Straw
Silage
Others
The key market players for global Automatic Agricultural Product Baler market are listed below:
John Deere
Vermeer
Kadant PAAL
Claas
Krone
Minos
Abbriata (Piedmont)
Case IH
Fendt (AGCO Corporation)
Massey Ferguson
Kuhn
New Holland
Foton Lovol
Takakita
MASCHIO GASPARDO
Demir Machinery
ORKEL
Enorossi
CICORIA
Zoomlion Heavy Machinery
UNIA
AGRO TIGER
Elibols
Shanghai Star Modern Agricultural Equipment Co.,Ltd.
Anyang Yugong
Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) https://www.globalinforesearch.com/reports/913630/automatic-agricultural-product-baler
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Automatic Agricultural Product Baler product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Automatic Agricultural Product Baler, with price, sales, revenue and global market share of Automatic Agricultural Product Baler from 2019 to 2022.
Chapter 3, the Automatic Agricultural Product Baler competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Automatic Agricultural Product Baler breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2017 to 2028.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, end user, from 2017 to 2028.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2017 to 2022.and Automatic Agricultural Product Baler market forecast, by regions, type and end user, with sales and revenue, from 2023 to 2028.
Chapter 12, the key raw materials and key suppliers, and industry chain of Automatic Agricultural Product Baler.
Chapter 13, 14, and 15, to describe Automatic Agricultural Product Baler sales channel, distributors, customers, research findings and conclusion, appendix and data source.
Customize Request
In order to meet the different needs of customers at different stages of development, Global Info Research Industry Research Institute can help customers complete market research that meets their needs according to their individual needs. Clients can either make adjustments on the basis of the original research report framework as needed, or directly submit actual needs, negotiate with our professional team to formulate a report plan, and finally complete a special customized research report.
Contact US
Global Info Research
E-mail: [email protected]
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Add:FLAT/RM A 9/F SILVERCORP INTERNATIONAL TOWER 707-713 NATHAN ROAD MONGKOK KL HONG KONG
Website: http://www.globalinforesearch.com | https://galleonnews.com/news/420443/global-automatic-agricultural-product-baler-industry-research-report-2022john-deere-vermeer-kadant-paal/ | 2022-08-02T10:18:08Z | https://galleonnews.com/news/420443/global-automatic-agricultural-product-baler-industry-research-report-2022john-deere-vermeer-kadant-paal/ | true | 74 |
WASHINGTON (AP) — A bipartisan group of senators is pushing compromise legislation to restore abortion access in the wake of the Supreme Court decision to overturn Roe v. Wade, a long shot effort to put a majority of the Senate on the record opposing the decision.
While the bill is not expected to pass — and is unlikely to even get a vote — the legislation introduced by two Republicans and two Democrats on Monday is intended to send a signal to state legislatures and the public that a majority of the Senate supports codifying Roe, even if they can’t get the necessary 60 votes to pass it in the 50-50 Senate.
“We still think there is utility in showing there is a bipartisan majority that would want to codify Roe,” even though the bill doesn’t have enough votes, said Democratic Sen. Tim Kaine of Virginia, who introduced the legislation with Democratic Sen. Kyrsten Sinema of Arizona and Republican Sens. Susan Collins of Maine and Lisa Murkowski of Alaska.
The legislation would prohibit most state regulations that prevent abortion access before fetal viability, generally considered to be around 24 weeks. It would allow state restrictions after that point, as long as the mother’s life is protected. It would also protect access to contraception, an issue after Justice Clarence Thomas suggested in a concurring opinion to the decision overturning Roe that decisions guaranteeing access to contraception and other rights may need to be revisited.
The bipartisan bill is narrower than legislation preferred by most Democrats — passed by the House but blocked by Senate Republicans — that would have protected abortion rights and expanded them beyond what was allowed in the landmark 1972 Roe v. Wade decision. Democratic Sen. Joe Manchin of West Virginia, Collins and Murkowski all voted against that bill despite opposition to the overturning of Roe.
Kaine said he felt like Democrats “left votes on the table” after that effort. He said he was encouraged by a new law designed to reduce gun violence that passed the House and Senate after horrific shootings in Texas and New York.
“There were not 60 votes either” for that legislation until members decided that inaction was no longer an option, he said.
Democrats would need 10 Republican votes to overcome a filibuster and get a bill through the 50-50 Senate, but only Collins and Murkowski have publicly backed abortion rights.
By overturning Roe, the court has allowed states to enact strict abortion limits, including many that had previously been deemed unconstitutional. The ruling is expected to lead to abortion bans in roughly half of the states.
Already, a number of GOP-controlled states have moved quickly to curtail or outlaw abortion, while states controlled by Democrats have sought to champion access. Voters now rank abortion as among the most pressing issues facing the country, a shift in priorities that Democrats hope will reshape the political landscape in their favor for the midterm elections.
The support of Kaine and Sinema, a moderate, comes as some activists have accused President Joe Biden and other top Democrats of failing to respond forcefully enough to the decision.
Kaine said there is an increased sense of urgency since the June decision, and suggested he or others may go to the floor at some point and request a vote, an effort that is unlikely to succeed but could call attention to the bill as majorities of Americans say they disagree with the Supreme Court decision.
“People are paying attention to it,” Kaine said. | https://myfox8.com/news/politics/ap-politics/bipartisan-compromise-bill-would-restore-abortion-rights/ | 2022-08-02T10:18:29Z | https://myfox8.com/news/politics/ap-politics/bipartisan-compromise-bill-would-restore-abortion-rights/ | false | 37 |
IF you love a puzzle look no further than this tricky challenge that's doing the rounds on TikTok.
The concept is simple: can you navigate three lines around a page without getting into a tangle?
It all starts with three pairs of boxes.
Drawing a line to match up the pairs sounds easy enough - until you realise space is limited.
The challenge is to draw a line from one to the other without causing the lines to clash with each other.
As revealed by TikTok user Yanri, you'll need to draw out the six squares and digits as seen in the video first.
Then you can commence the puzzle.
"The position is different and more difficult," the video maker said.
"How did you manage to do it?"
The user then reveals how they solved the puzzle with apparent ease on a piece of paper.
Most read in Tech
If you loved that puzzle, you might also want to try a colourful optical illusion that reveals how your brain can change the colour of objects.
Japanese psychologist and artist Akiyoshi Kitaoka created the illusion to show how moving objects can trick our brain into guessing their colour rather than observing it accurately.
There's also another which hides an A-list celeb image within a strange series of dots.
It's difficult to see, but a megastar's portrait is hidden among the dots that make up the brain-frazzling optical illusion.
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Want to know more about the weird and wonderful world of science? From the Moon to the human body, we have you covered...
- When is the next Full Moon?
- What is a Super Moon?
- What is SpaceX?
- Where is the edge of space?
- How many bones are in the human body?
- How many chromosomes do humans have?
- What causes a volcano to erupt?
- Which sharks attack the most humans?
- What are the conspiracy theories about the world ending?
- All the UFO sightings and whether aliens are real
- Which country has the most earthquakes?
We pay for your stories! Do you have a story for The Sun Online Tech & Science team? Email us at tech@the-sun.co.uk | https://www.the-sun.com/tech/5910437/genius-tough-puzzle-challenge-lines-connected/ | 2022-08-02T10:19:20Z | https://www.the-sun.com/tech/5910437/genius-tough-puzzle-challenge-lines-connected/ | true | 4 |
KHIMKI, Russia (AP) — American basketball star Brittney Griner was back in court on Tuesday for her trial for cannabis possession amid U.S. diplomatic efforts to secure her release.
During the hearing, prosecutors called a state narcotics expert who analyzed cannabis found in Griner’s luggage. Her defense fielded a specialist who challenged the analysis, charging that it was flawed and didn’t conform to official rules.
If convicted, the Women’s National Basketball Association (WNBA) star and two-time Olympic gold medalist could face 10 years in prison. As her trial has progressed, the Biden administration has faced growing public pressure to get her released.
In an extraordinary move, U.S. Secretary of State Antony Blinken last week spoke to his Russian counterpart, Sergey Lavrov, urging him to accept a deal under which Griner and Paul Whelan, an American imprisoned in Russia on an espionage conviction, would go free.
The Lavrov-Blinken call marked the highest-level known contact between Washington and Moscow since Russia sent troops into Ukraine more than five months ago, the direct outreach at odds with U.S. efforts to isolate the Kremlin.
People familiar with the proposal say it envisions trading Griner and Whelan for the notorious arms trader Viktor Bout. It underlines the public pressure that the White House has faced to get Griner released.
White House Press Secretary Karine Jean-Pierre told reporters Monday that Russia has made a “bad faith” response to the U.S. government’s offer, a counteroffer that American officials don’t regard as serious. She declined to elaborate.
Griner has acknowledged there were vape canisters containing cannabis oil in her luggage when she was arrested at a Moscow airport in February. But she insisted that she had no criminal intent and that the canisters ended up in her luggage because she was packing hastily. Griner played for a Russian women’s basketball team in the WNBA off-season.
To bolster her case, her defense lawyers have presented testimony from doctors that she was prescribed cannabis as a treatment for pain. Medical marijuana treatment is not legal in Russia.
While judges have leeway to consider mitigating factors under Russian law, acquittals are rare and account for less than 1% of cases in Russian criminal prosecutions.
A conviction, however, could potentially pave the way for Griner’s exchange as Russian officials said it could only happen after the judicial process is completed.
Tom Firestone, a Washington attorney who formerly served as legal adviser at the U.S. Embassy in Moscow, said Griner could be handed a tough sentence as a way for Russians “to maximize their leverage in negotiations.” He told The Associated Press that Russia “may want to let this play out a little bit longer and try to extract more concessions.”
Russian officials have scoffed at U.S. statements about the case, saying they show a disrespect for Russian law. They remained poker-faced, urging Washington to discuss the issue through “quiet diplomacy without releases of speculative information.” | https://www.dcnewsnow.com/news/brittney-griner-back-in-russian-court-on-cannabis-charge/ | 2022-08-02T10:19:25Z | https://www.dcnewsnow.com/news/brittney-griner-back-in-russian-court-on-cannabis-charge/ | false | 50 |
In March, Maira Omer had a summer holiday itinerary for what she described as “half of the world”, but with endless delays in securing visas, she was left despondent with nowhere to travel to this year.
The Dubai-based Pakistani book editor had Europe on her mind but faced weeks of waiting for visa appointments for some countries while others had no appointments left for this year.
She decided to take matters into her own hands and created an itinerary for her family that included Georgia, Azerbaijan and Croatia.
In the face of long waiting times for Schengen visas, many UAE residents — especially those from India and Pakistan — have set their sights on Georgia, Armenia and Azerbaijan, each of which provides visas on arrival to residents of the Emirates.
“Back in March, we were applying to visit a lot of countries because the restrictions had settled down a little bit … and this year, it was just boom … the world was open,” said Ms Omer, 30, a mother of one.
“Everyone was travelling so much in March, we did try to apply for let's say half of the world.
“Initially, we wanted to travel in May or June because that is when the summer starts over here and the heat gets brutal. We wanted to explore Europe [but] could not find any visa appointments.
“We tried Singapore but there were travel restrictions and we needed an invitation. We tried the UK and Canada and the US, and, in some cases, we were getting the closest [visa appointment] slot in April next year.”
The family were told to check websites regularly in case appointments became available.
She said many of her friends who travelled in the summer applied for Schengen visas back in January or February.
“We couldn't get any [visa] booking slots online and ended up going to the countries that provide visa on arrival … that was because, at that time, we just wanted to get it over with and needed to go somewhere.”
Ms Omer had hoped that visa appointments would open up so that her family could travel in August but found that all slots continued to be fully booked.
“We were desperate. We needed to change of scene and I wanted mountains and nature and something cooler. So, we ended up going for Georgia since it was visa on arrival,” she said.
The family booked a holiday package and their Croatia visa came through at the last minute, allowing them to spend close to two weeks in the three countries.
“These were literally last-resort countries and a lot more affordable. Every country that we visited has always surprised us with just how beautiful the landscape is,” she said.
The National reported in June that long waiting times for Schengen visas and difficulties in completing the necessary paperwork meant residents had little choice but to travel to countries not requiring a Schengen visa.
Although Europe is a top summer destination for many UAE residents, Schengen visas are required by citizens of more than 100 countries before they are allowed to travel to the continent.
Affordability and travel time
Travel agents in Dubai believe affordability, travel times and an array of activities have drawn people to Georgia, Armenia and Azerbaijan.
In the past 20 to 25 years, Georgia's dependence on tourism has increased significantly. The number of tourists increased from 85,000 in 1995 to 7.73 million in 2019.
In 1997, tourism revenue stood at $75 million, while in 2020, it was $586m.
Godly Babukutty, owner of Epic Travel in Dubai, said that some of his clients had applied for UK visas and had been waiting for 10 weeks.
“There are several easy places to visit such as Georgia, Armenia, Azerbaijan and Serbia, so people are opting to go to these,” said Mr Babukutty.
“From the UAE, we have 50 to 100 couples travelling to Georgia every week, with a majority of these from India, Pakistan and the Philippines.”
Mr Babukutty was in Georgia recently for meetings with business partners to widen offerings and activities for customers due to the increased demand.
“Even people who have travelled to Georgia or Romania once or twice want to travel again because there are lots of things you can do in these countries.
“Also, these countries are affordable and another factor is travel time, which is around three to three-and-a-half hours for these countries. All these countries are easily reachable and we have good connectivity.”
He said families travelling to Georgia could expect to spend Dh2,500 per person for a week.
Hotels see surge
Hotels in Georgia and Armenia have reported a surge in tourists from the UAE.
Antony Doucet, chief experience officer at Kerten Hospitality, who is currently in Tbilisi for the opening of luxury boutique hotel, The House Hotel Old Tbilisi, said there was increased interest in Tbilisi as a destination.
“During the pre-opening phase of The House Hotel Old Tbilisi, we were studying the market and we noticed that the UAE has increased the number of direct flights to Georgia. There are now five direct flights a day from the UAE to Tbilisi, in addition to other flights linking directly to Batumi,” said Mr Doucet.
“Overall, the good value for money, the undiscovered destination for travellers from the UAE and the frequency of direct flights have increased the interest in the country, and we are already seeing more and more inquiries from the region.
“Such is the case with visitors from Saudi Arabia, now that there are direct flights from Jeddah and Riyadh to Tbilisi, as well. If you are looking for an upcoming destination, then Georgia would be the place.”
Mr Doucet said Georgia's status as an all-year destination had contributed to the growing interest from the UAE, especially in the summer when the weather there is cooler.
In the winter months, the mountains have well-developed ski resorts that are much cheaper than those in Europe.
Inna Khostikyan, general manager at Republica Hotel Yerevan in Armenia, said she had seen an increase, although not major, in the number of tourists from the UAE.
She attributed the increase mostly to Indian residents travelling to Armenia. | https://www.thenationalnews.com/uae/transport/2022/08/01/georgia-and-armenia-tourism-is-booming-and-its-down-to-gulf-travellers/ | 2022-08-02T10:22:32Z | https://www.thenationalnews.com/uae/transport/2022/08/01/georgia-and-armenia-tourism-is-booming-and-its-down-to-gulf-travellers/ | false | 1 |
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EXPLAINER: Why the term ‘genocide’ matters in Ukraine war
WASHINGTON (AP) — When President Joe Biden declares Russia’s Ukraine war “genocide,” it isn’t just another strong word. Calling a campaign that’s aimed at wiping out a targeted group “genocide” not only increases pressure on a country to act, it can oblige it to. That’s partly because of a genocide treaty approved by the U.N. General Assembly after World War II, signed by the United States and more than 150 other nations. | https://www.newsbreak.com/news/2684304209820/flood-watch-issued-for-coconino-plateau-eastern-mogollon-rim-grand-canyon-country-by-nws | 2022-08-02T10:23:57Z | https://www.newsbreak.com/news/2684304209820/flood-watch-issued-for-coconino-plateau-eastern-mogollon-rim-grand-canyon-country-by-nws | true | 12721 |
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Health Minister Mansukh Mandaviya on Tuesday informed the Upper House that scientists have isolated the monkeypox virus and a vaccine, like that for Covid-19, might be developed.
While replying to a question regarding the steps taken to create awareness about monkeypox, he said: "Monkeypox has been isolated by our scientists and ICMR has also floated an 'expression of interest'. Like it was done during the time of Covid. On the basis of that, our scientists who come forward should be given an isolated virus so that its vaccine can be developed."
Upon being asked in the Rajya Sabha about the progress of vaccines for the disease, the Health Minister said that studies are still being conducted to find proper vaccination for the disease.
Only contact tracing and vaccinating people who were in close contact with a disease carrier are required and there is no need for countrywide vaccination for this disease. Scientists have isolated the monkeypox virus and will also develop a vaccine in India, he added.
According to the minister, monkeypox is not a new disease in India and in the world. Since 1970, many cases have been reported from Africa. The World Health Organization (WHO) has paid special attention to this infection. India has also started monitoring the cases.
On the steps taken to create awareness about monkeypox, Mandaviya said that the government has set up a task force and steps are also being taken to increase awareness about the disease.
He urged the people not to panic as the central government has been working in coordination with the state governments to contain the virus.
"When cases started appearing in the world, India had already started preparations. Before the first case appeared in Kerala, we had issued guidelines to all the states. We have also written to the governments at the international level that the screening report of the travellers should also be sent to us.
"If someone in the family has had monkeypox, then keeping a distance from him for 12-13 days can prevent the infection. With vigilance we can control it", Mandaviya said.
Speaking about Kerala, where the first case of monkeypox was reported, Mandaviya said: "If the government of Kerala needs any kind of help from the central government, it will be done. Still, the expert team of the central government is guiding the state government from time to time."
--IANS
avr/sks/bg
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) | https://www.business-standard.com/article/current-affairs/scientists-have-isolated-monkeypox-possible-to-develop-vaccine-mandaviya-122080200763_1.html | 2022-08-02T10:24:26Z | https://www.business-standard.com/article/current-affairs/scientists-have-isolated-monkeypox-possible-to-develop-vaccine-mandaviya-122080200763_1.html | false | 6 |
Ultra-high energy bills are here to stay, warns Cornwall Insight
Household energy bills will remain historically elevated into 2024, revealed Cornwall Insight, meaning the cost of living crisis will not be easing for Brits any time soon.
The energy specialist warned in its latest gloomy analysis on the price cap that a typical household’s energy bill will be well over £3,000 per year for at least the next 18 months.
This will peak in second quarter of next year, when prices for the default tariff are expected to average £3,729 per year – which will barely ease over next summer.
The painful longevity of high household energy bills, which spiked to a record £1,971 per year this April, has been powered by booming post-pandemic demand and continued wholesale market volatility following Russia’s invasion of Ukraine.
There are now extensive concerns over Russian gas supplies ahead of winter, with the Kremlin-backed gas giant Gazprom severely cutting flows into Europe in recent weeks amid a dispute over a turbine for a key pipeline.
The troubled continent relies on Russia for around 40 per cent of its imports, and the European Union (EU) is scrambling to secure alternative supplies and cut usage to reduce the possibility of blackouts and supply shortages.
While the UK only relies on Russia for four per cent of its gas supplies, markets are global and the domestic benchmark is volatile to instability in Europe.
The UK is connected to European supplies via interconnectors, and its primary vendors such as Norway are also looking to help the EU meet its energy needs.
Energy giants are making vast profits from soaring oil and gas profits, with BP the latest to unveil bumper second quarter earnings.
Rivals such as Shell and Equinor, alongside Stateside operators such ExxonMobil and Chevron have also reported massive profits.
Market carnage drives up energy bills
Alongside geopolitical uncertainty, the price cap has been influenced by market carnage – which has seen nearly 30 suppliers collapse over the past 12 months.
The clean-up costs include £2.7bn for the supplier of last resort process – which will be imposed on energy users – and around £3bn for Bulb Energy’s de-facto nationalisation – which will be met by taxpayers.
Its predictions are based on the price cap moving to a quarterly model, which is favoured by Ofgem in a “tend-to” consultation.
Dr Craig Lowrey, Principal Consultant at Cornwall Insight, recognised that “customers will be sadly used” to ever-increasing price cap forecasts.
He said: “We have less than a month until the new price cap is announced and given the trends in the wholesale market and the concerns over Russian supply, unfortunately the only change to the prediction is likely to be up. However, while the rise in forecasts for October and January is a pressing concern, it is not only the level – but the duration – of the rises that makes these new forecasts so devastating.”
Dr Lowrey noted that the Government pledged significant support for energy users – up to £1,200 per year for vulnerable households.
However, since the announcement in April from former Chancellor Rishi Sunak, Cornwall Insight’s forecast for October has spiked £500 to £3,358 per year.
He concluded: “Our new figures show that even increasing support for October will not make much of a dent in what is likely to be a sustained period of high energy bills. A review of delivering support for the next cap periods should be on the top of the to-do-list for any incoming Prime Minister. As our price cap breakdowns show, tinkering with VAT and policy costs will only make a dent in bills, when it is the high wholesale prices behind the increases.”
Cornwall Insight’s predictions follow forecasts from BFY Group the price cap will rise to £3,420 per year in October and £3,850 per year next January – in the coldest month of the year when demand is at its peak. | https://www.cityam.com/ultra-high-energy-bills-are-here-to-stay-warns-cornwall-insight/ | 2022-08-02T10:28:05Z | https://www.cityam.com/ultra-high-energy-bills-are-here-to-stay-warns-cornwall-insight/ | false | 1 |
2022 is Birmingham ’s year. The UK’s second city has the honour of hosting the Commonwealth Games for the first time. Plus, there’s a six-month-long celebration of the region bubbling away for those who visit the Birmingham 2022 Festival. Running until the end of September, the... | https://www.newsbreak.com/news/2685511817098/why-the-birmingham-2022-festival-should-be-on-your-radar | 2022-08-02T10:29:20Z | https://www.newsbreak.com/news/2685511817098/why-the-birmingham-2022-festival-should-be-on-your-radar | false | null |
THE WOODLANDS, Texas (AP) _ Huntsman Corp. (HUN) on Tuesday reported second-quarter earnings of $228 million.
On a per-share basis, the The Woodlands, Texas-based company said it had net income of $1.10. Earnings, adjusted for non-recurring costs, came to $1.28 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The chemical company posted revenue of $2.36 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $2.32 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUN at https://www.zacks.com/ap/HUN | https://www.houstonchronicle.com/business/article/Huntsman-Q2-Earnings-Snapshot-17344849.php | 2022-08-02T10:29:21Z | https://www.houstonchronicle.com/business/article/Huntsman-Q2-Earnings-Snapshot-17344849.php | false | null |
Analysis of the main downstream markets of global Sodium Hydrogen Sulphite Powder in 2022-2028
Global Info Research has conducted comprehensive and in-depth research on the global Sodium Hydrogen Sulphite Powder market.This market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
Request Free Sample Copy at:
https://www.globalinforesearch.com/reports/914799/sodium-hydrogen-sulphite-powder
According to our (Global Info Research) latest study, due to COVID-19 and Russia-Ukraine War influence, the global Sodium Hydrogen Sulphite Powder market size was valued at USD million in 2021 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during review period.
The Sodium Hydrogen Sulphite Powder market in the USA. is estimated at USD million in 2022, which currently accounts for a % share in the global market. China, the world`s second largest economy, is estimated at USD million in 2022 and holds a % percent.
Antioxidant occupied for % of the Sodium Hydrogen Sulphite Powder global market in 2021, and it is projected to value USD million by 2028, growing at a % CAGR in next six years. In terms of product type, Food Grade segment is altered to a % CAGR between 2022 and 2028.
Global key manufacturers of Sodium Hydrogen Sulphite Powder include VWR Life Sciences, Macron Chemicals, JTBaker, Millipore Sigma and RICCA, etc. In terms of revenue, the global top four players hold a share over % in 2021.
By Company
VWR Life Sciences
Macron Chemicals
JTBaker
Millipore Sigma
RICCA
Spectrum Chemicals MFG Corp
Beantown Chemical
Honeywell
ACROS ORGANICS
Electron Microscopy Sciences
Parchem Fine & Specialty Chemicals
Jay Dinesh Chemicals
American Elements
Segment by Type
Food Grade
Industrial Grade
Segment by Application
Antioxidant
Bleaching Agent
Preservative
This section covers regional segmentation which accentuates on current and future demand for Sodium Hydrogen Sulphite Powder market across North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Report Chapters
Chapter 1, to describe Sodium Hydrogen Sulphite Powder product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Sodium Hydrogen Sulphite Powder, with price, sales, revenue and global market share of Sodium Hydrogen Sulphite Powder from 2019 to 2022.
Chapter 3, the Sodium Hydrogen Sulphite Powder competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Sodium Hydrogen Sulphite Powder breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2017 to 2028.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2017 to 2028.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2017 to 2022.and Sodium Hydrogen Sulphite Powder market forecast, by regions, type and application, with sales and revenue, from 2023 to 2028.
Chapter 12, the key raw materials and key suppliers, and industry chain of Sodium Hydrogen Sulphite Powder.
Chapter 13, 14, and 15, to describe Sodium Hydrogen Sulphite Powder sales channel, distributors, customers, research findings and conclusion, appendix and data source.
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Website:http://www.globalinforesearch.com | https://galleonnews.com/uncategorized/419565/analysis-of-the-main-downstream-markets-of-global-sodium-hydrogen-sulphite-powder-in-2022-2028/ | 2022-08-02T10:31:55Z | https://galleonnews.com/uncategorized/419565/analysis-of-the-main-downstream-markets-of-global-sodium-hydrogen-sulphite-powder-in-2022-2028/ | true | 4655 |
NEW YORK, Aug. 2, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Tupperware Brands Corporation (NYSE: TUP) alleging that the Company violated federal securities laws.
Class Period: November 3, 2021 to May 3, 2022
Lead Plaintiff Deadline: August 15, 2022
No obligation or cost to you.
Learn more about your recoverable losses in TUP:
https://www.kleinstocklaw.com/pslra-1/tupperware-brands-corporation-loss-submission-form-2?id=30431&from=4
CLASS ACTION CASE DETAILS: The filed complaint alleges that Tupperware Brands Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) Tupperware was facing significant challenges in maintaining its earnings and sales performance; (ii) accordingly, Tupperware's full-year 2022 guidance was unrealistic and/or unsustainable; (iii) all the foregoing, once revealed, was likely to have a material negative impact on Tupperware's financial condition; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Tupperware you have until August 15, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Tupperware securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the TUP lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/tupperware-brands-corporation-loss-submission-form-2?id=30431&from=4.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
View original content:
SOURCE The Klein Law Firm | https://www.nbc12.com/prnewswire/2022/08/02/tup-alert-klein-law-firm-announces-lead-plaintiff-deadline-august-15-2022-class-action-filed-behalf-tupperware-brands-corporation-shareholders/ | 2022-08-02T10:36:31Z | https://www.nbc12.com/prnewswire/2022/08/02/tup-alert-klein-law-firm-announces-lead-plaintiff-deadline-august-15-2022-class-action-filed-behalf-tupperware-brands-corporation-shareholders/ | true | 20527 |
- Revenues of $3.6 billion, up 4% year-over-year
- Net Income of $172 million; Adjusted EBITDA of $366 million
- Diluted Earnings per Share of $1.24, or $1.59 on a non-GAAP basis
- Cash Flows from Operations of $40 million; Free Cash Flow of $19 million
- Net Bookings of $2.2 billion (book-to-bill ratio of 0.6); backlog of $34.7 billion up 4% year-over-year
RESTON, Va., Aug. 2, 2022 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE: LDOS), a FORTUNE 500® science and technology leader, today reported financial results for the second quarter of fiscal year 2022.
Roger Krone, Leidos Chairman and Chief Executive Officer, commented, "Leidos remains on track for another year of solid organic growth and core business profitability. The affirmation of our Defense Enclave Services contract award by the Government Accountability Office demonstrates our leadership in digital modernization across the federal government, with strong demand for our technology solutions and services across our diversified business portfolio. We continue to execute on our disciplined and balanced capital allocation strategy to drive shareholder value. And, we are proving our ability to compete successfully for talent with another quarter of robust hiring."
Summary Operating Results
Revenues for the quarter were $3.60 billion, up 4% in total and organically compared to the second quarter of fiscal year 2021. Revenues grew across all reportable segments; the largest contributors were continued growth of the Navy Next Generation Enterprise Network Recompete (NGEN-R) Service Management, Integration and Transport (SMIT) contract and increased deployments on the Defense Healthcare Management System Modernization (DHMSM) program.
Net income was $172 million and diluted EPS was $1.24. Net income and diluted EPS were up 1% and 5% year-over-year, respectively, and net income margin decreased from 4.9% to 4.8% year-over-year. Net interest expense increased to $50 million from $46 million in the second quarter of fiscal year 2021. In addition, the weighted average diluted share count for the quarter was 138 million compared to 143 million in the prior year quarter, which benefited from the retirement of 0.3 million shares as part of the final settlement of the Accelerated Share Repurchase (ASR) agreement implemented in the first quarter of fiscal year 2022.
Adjusted EBITDA was $366 million for the second quarter, up 2% year-over-year. Adjusted EBITDA margin decreased from 10.4% to 10.2% over the same period. Non-GAAP net income was $220 million for the second quarter, which was up slightly year-over-year, and non-GAAP diluted EPS for the quarter was $1.59, which was up 5% compared to the second quarter of fiscal year 2021.
Cash Flow Summary
In the second quarter of fiscal year 2022, Leidos generated $40 million of net cash provided by operating activities, used $8 million in investing activities and generated $6 million in financing activities. After adjusting for payments for property, equipment and software, quarterly free cash flow was $19 million.
In the quarter Leidos entered into a 364-day term loan credit agreement for a senior unsecured term loan facility in an aggregate principal amount of $380 million, and the proceeds were used to repay the $380 million senior unsecured term loan entered into on May 7, 2021. As of July 1, 2022, Leidos had $339 million in cash and cash equivalents and $5.2 billion of debt, including $150 million of Commercial Paper Notes outstanding.
After the close of the quarter, Leidos entered into a definitive agreement with private equity firm Advent International to acquire Cobham Aviation Services Australia's Special Mission business. The acquired business provides Border Force Airborne Surveillance and Maritime Safety Search and Rescue services to the Australian Federal Government. The acquisition is subject to customary closing conditions, including regulatory approvals.
On July 29, 2022, the Leidos Board of Directors declared that Leidos will pay a cash dividend of $0.36 per share on September 30, 2022 to stockholders of record at the close of business on September 15, 2022.
New Business Awards
Net bookings totaled $2.2 billion in the quarter, representing a book-to-bill ratio of 0.6. As a result, backlog at the end of the quarter was $34.7 billion, of which $7.5 billion was funded. During the quarter Leidos received several particularly important awards:
- Defense Information Systems Agency (DISA) Defense Enclave Services (DES). DISA awarded Leidos a single-award, indefinite delivery, indefinite quantity (IDIQ) contract with a total estimated value of $11.5 billion and a four-year base period of performance followed by three two-year option periods. Through the DES contract, Leidos will consolidate enterprise IT services and provide standardized, responsive and cost-effective solutions for more than 370,000 users spanning 22 Department of Defense (DoD) agencies and field activities with over 500 sites both in the U.S. and abroad. This work will focus on mission value and user experience, while improving cybersecurity, network availability and reliability for Fourth Estate agencies.
- Program Executive Office (PEO) Integrated Warfare Systems (IWS) Undersea Warfare Combat System and Product Support. Leidos was awarded a follow-on contract to support the Navy's PEO IWS Directorate. Under the contract, Leidos will perform a range of support services, including shipboard modernization, curriculum development, training conduct, depot support, technical data, maintenance planning and management. The single award, cost-plus-fixed-fee contract holds an approximate value of $291 million and includes a one-year base period of performance with four additional one-year option periods.
- Navy Medical Performance Research. Leidos was awarded a new task order by the Naval Medical Readiness Logistics Command, Detachment Fort Detrick, to support research to maximize warfighter performance and survivability in the aviation, underwater and special warfare environments. Under the contract, Leidos will support research on the human cognitive and physiological factors associated with military operations. The research focuses on motion sickness, aeromedical standards, hypoxia, fatigue assessment, aviation safety and both neurocognitive and neurophysiological effects. The contract holds an approximate value of $53 million and includes a one-year base period of performance with four one-year options and one six-month option.
- Punta Cana Security Checkpoint Upgrade. Leidos was selected by the Dominican Republic's Punta Cana International Airport to upgrade their security checkpoints. Punta Cana hosts more than 4 million tourists annually with strong projected growth over the coming years. The Leidos solution will keep passengers and staff safe while enhancing operational efficiencies and increasing passenger throughput. For example, using enhanced screening techniques, passengers will no longer need to remove electronics and liquids from carry-on bags. Implementation will be completed in the first half of 2023.
Forward Guidance
Leidos is maintaining its fiscal year 2022 guidance as follows:
For information regarding adjusted EBITDA margin and non-GAAP diluted EPS, see the related explanations and reconciliations to GAAP measures included elsewhere in this release.
Leidos does not provide a reconciliation of forward-looking adjusted EBITDA margins or non-GAAP diluted EPS to net income due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Because certain deductions for non-GAAP exclusions used to calculate projected net income may vary significantly based on actual events, Leidos is not able to forecast on a GAAP basis with reasonable certainty all deductions needed in order to provide a GAAP calculation of projected net income at this time. The amounts of these deductions may be material and, therefore, could result in projected net income and diluted EPS being materially less than what may be implied by projected adjusted EBITDA margins and non-GAAP diluted EPS.
Conference Call Information
Leidos management will discuss operations and financial results in an earnings conference call beginning at 8:00 A.M. eastern time on August 2, 2022. Analysts and institutional investors may participate by dialing +1 (877) 869-3847 (toll-free U.S.) or +1 (201) 689-8261 (international callers).
A live audio broadcast of the conference call along with a supplemental presentation will be available to the public through links on the Leidos Investor Relations website (http://ir.leidos.com).
After the call concludes, an audio replay can be accessed on the Leidos Investor Relations website or by dialing +1 (877) 660-6853 (toll-free U.S.) or +1 (201) 612-7415 (international callers) and entering conference ID 13731269.
About Leidos
Leidos is a Fortune 500® technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, civil and health markets. Leidos' 44,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Va., Leidos reported annual revenues of approximately $13.7 billion for the fiscal year ended December 31, 2021.
For more information, visit www.leidos.com.
Forward-Looking Statements
Certain statements in this release contain or are based on "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as "expects," "intends," "plans," "anticipates," "believes," "estimates," "guidance" and similar words or phrases. Forward-looking statements in this release include, among others, estimates of our future growth and financial and operating performance, including future revenues, adjusted EBITDA margins, diluted EPS (including on a non-GAAP basis), and cash flows provided by operating activities, as well as statements about our business contingency plans, uncertainties in tax due to new tax legislation or other regulatory developments, the impact of COVID-19 and related actions taken to prevent its spread, our contract awards, strategy, planned investments, sustainability goals and our future dividends, share repurchases, capital expenditures, debt repayments, acquisitions, dispositions, and cash flow conversion. These statements reflect our belief and assumptions as to future events that may not prove to be accurate.
Actual performance and results may differ materially from those results anticipated by our guidance and other forward-looking statements made in this release depending on a variety of factors, including, but not limited to: the impact of COVID-19 or future epidemics on our business, including the potential for facility closures, re-evaluation of U.S. government spending levels and priorities, delay of new contract awards, supply chain impacts, airline travel levels, our ability to recover costs under contracts, insurance challenges, uncertainty regarding the efficacy of vaccines against variants, booster vaccinations, or the lack of public acceptance of vaccines and low vaccination rates, and laws and regulations with respect to vaccinations; changes to our reputation and relationships with government agencies, developments in the U.S. government defense budget, including budget reductions, implementation of spending limits or changes in budgetary priorities; delays in the U.S. government budget process or approval of raises to the debt ceiling; delays in the U.S. government contract procurement process or the award of contracts or our ability to win contracts; delays or loss of contracts as a result of competitor protests; changes in U.S. government procurement rules, regulations and practices; changes in interest rates and inflation, and other market factors out of our control, including general economic and political conditions; our compliance with various U.S. government and other government procurement rules and regulations; governmental reviews, audits and investigations of Leidos; our reliance on information technology spending by hospitals/healthcare organizations, infrastructure investments by industrial and natural resources organizations and other customer investments related to our business; our ability to attract, train and retain skilled employees, including our management team, and to obtain security clearances for our employees; the mix of our contracts and our ability to accurately estimate costs associated with our firm-fixed-price and other contracts as well as our ability to realize as revenues the full amount of our backlog; cybersecurity, data security or other security threats, systems failures or other disruptions of our business; resolution of legal and other disputes with our customers and others or legal or regulatory compliance issues; our ability to effectively acquire businesses and make investments and any related contingencies or liabilities to which we may become subject; our ability to maintain relationships with prime contractors, subcontractors and joint venture partners; our ability to manage performance and other risks related to customer contracts, including complex engineering projects; our ability to obtain necessary components and materials to perform our contracts, including semiconductors and related equipment, on reasonable terms or at all; the failure of our inspection or detection systems to detect threats; changes in business conditions that could impact business investments and/or recorded goodwill or the value of other long-lived assets; the adequacy of our insurance programs designed to protect us from significant product or other liability claims; our ability to manage risks associated with our international business; our ability to declare future dividends or repurchase our stock based on our earnings, financial condition, capital requirements and other factors, including compliance with applicable laws and contractual agreements; changes in accounting, U.S. or foreign tax, export or other laws, regulations, and policies and their interpretation or application; and our ability to execute our business plan and long-term management initiatives effectively and to overcome these and other known and unknown risks that we face. This release also contains certain forward-looking statements with respect to Leidos' proposed acquisition of Cobham Aviation Services Australia, including benefits of the transaction, the anticipated timing of the transaction and the products and markets of each company. Many factors could cause actual future events to differ materially from the forward-looking statements in this release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the transaction, including the receipt of certain governmental and regulatory approvals, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the transaction on Cobham Aviation Services Australia's business relationships, operating results, and business generally, (v) risks that the proposed transaction disrupts current plans and operations of Leidos or Cobham Aviation Services Australia and potential difficulties in Cobham Aviation Services Australia's employee retention as a result of the transaction, (vi) risks related to diverting management's attention from Cobham Aviation Services Australia ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against Leidos or against Cobham Aviation Services Australia related to the merger agreement or the transaction, (viii) the ability of Leidos to successfully integrate Cobham Aviation Services Australia's operations, product lines, and technology, and (ix) the ability of Leidos to implement its plans, forecasts, and other expectations with respect to Cobham Aviation Services Australia's business after the completion of the proposed acquisition and realize additional opportunities for growth and innovation. These are only some of the factors that may affect the forward-looking statements contained in this release. For further information concerning risks and uncertainties associated with our business, please refer to the filings we make from time to time with the U.S. Securities and Exchange Commission ("SEC"), including the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Legal Proceedings" sections of our latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, all of which may be viewed or obtained through the Investor Relations section of our website at www.leidos.com.
All information in this release is as of August 2, 2022. Leidos expressly disclaims any duty to update the guidance or any other forward-looking statement provided in this release to reflect subsequent events, actual results or changes in Leidos' expectations. Leidos also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
Defense Solutions
Defense Solutions revenues of $2,052 million increased by 2% compared to the prior year quarter. The primary drivers of revenue growth were the ramp up of the Navy NGEN-R SMIT and the Enduring Indirect Fires Protection Capability (IFPC) contracts, which offset the completion of the programs supporting operations in Afghanistan, a reduction in the volume of material purchases supporting hypersonics programs and an adverse foreign exchange impact. For the quarter Defense Solutions operating income margin was 6.8% and non-GAAP operating income margin was 8.3%, both unchanged compared to the prior year quarter.
Civil
Civil revenues of $857 million increased by 7% compared to the prior year quarter. The primary drivers of revenue growth were the start up of the National Aeronautics and Space Administration (NASA) Advanced Enterprise Global Information Technology Solutions (AEGIS) program and increased demand on existing programs with commercial energy providers and the Department of Energy (DoE). Civil operating income margin for the quarter decreased to 4.4% from 6.9% in the prior year quarter. Non-GAAP operating income margin was 6.5%, compared to 9.1% in the prior year quarter. The decline in segment profitability was primarily attributable to an adverse arbitration ruling and associated legal fees totaling $17 million relating to the acquisition of IS&GS from Lockheed Martin.
Health
Health revenues of $688 million increased by 7% compared to the prior year quarter, primarily as a result of increased volumes on the DHMSM program and the ramp up of the Military and Family Life Counseling (MFLC) program. In addition, Leidos received a $28 million equitable adjustment to cover costs incurred as a result of the COVID-19 pandemic, which was the primary driver for operating income margin to improve from 16.6% to 18.3% and non-GAAP operating income margin to improve from 17.8% to 19.8% compared to the prior year quarter.
LEIDOS HOLDINGS, INC.
UNAUDITED BACKLOG BY REPORTABLE SEGMENT
(in millions)
Backlog represents the estimated amount of future revenues to be recognized under negotiated contracts. Backlog value is based on management's estimates about volume of services, availability of customer funding and other factors, and excludes contracts that are under protest. Estimated backlog comprises both funded and negotiated unfunded backlog. Backlog estimates are subject to change and may be affected by several factors, including modifications of contracts, non-exercise of options and foreign currency movements.
Funded backlog for contracts with the U.S. government represents the value on contracts for which funding is appropriated less revenues previously recognized on these contracts. Funded backlog for contracts with non-U.S. government entities and commercial customers represents the estimated value on contracts, which may cover multiple future years, under which Leidos is obligated to perform, less revenue previously recognized on the contracts.
Negotiated unfunded backlog represents estimated amounts of revenue to be earned in the future from contracts for which funding has not been appropriated and unexercised priced contract options. Negotiated unfunded backlog does not include unexercised option periods and future potential task orders expected to be awarded under IDIQ, General Services Administration Schedule or other master agreement contract vehicles, with the exception of certain IDIQ contracts where task orders are not competitively awarded or separately priced but instead are used as a funding mechanism, and where there is a basis for estimating future revenues and funding on future anticipated task orders.
The estimated value of backlog as of the dates presented was as follows:
The increase in backlog includes $49 million of backlog acquired through business combinations in our Defense Solutions reportable segment. Total backlog at July 1, 2022, included a negative impact of $268 million when compared to total backlog at July 2, 2021, primarily due to the exchange rate movements in the British pound and Australian dollar when compared to the U.S. dollar.
LEIDOS HOLDINGS, INC.
UNAUDITED NON-GAAP FINANCIAL MEASURES
Leidos uses and refers to organic growth, non-GAAP operating income, non-GAAP operating margin, adjusted EBITDA, adjusted EBITDA margin, non-GAAP diluted EPS, free cash flow and free cash flow conversion, which are not measures of financial performance under generally accepted accounting principles in the U.S. and, accordingly, these measures should not be considered in isolation or as a substitute for the comparable GAAP measures and should be read in conjunction with Leidos's consolidated financial statements prepared in accordance with GAAP.
Management believes that these non-GAAP measures provide another representation of the results of operations and financial condition, including its ability to comply with financial covenants. These non-GAAP measures are frequently used by financial analysts covering Leidos and its peers. The computation of non-GAAP measures may not be comparable to similarly titled measures reported by other companies, thus limiting their use for comparability.
Organic growth captures the revenue growth that is inherent in the underlying business excluding the impact of acquisitions made within the prior year; it is computed as current revenues excluding acquisition revenues within the last 12 months divided by previous year revenues excluding revenues from entities divested within the prior year.
Non-GAAP operating income is computed by excluding the following discrete items from operating income:
- Acquisition, integration and restructuring costs – Represents acquisition, integration, lease termination and severance costs related to acquisitions.
- Amortization of acquired intangible assets – Represents the amortization of the fair value of the acquired intangible assets.
- Asset impairment charges – Represents impairments of long-lived intangible assets.
Non-GAAP operating margin is computed by dividing non-GAAP operating income by revenues.
Adjusted EBITDA is computed by excluding the following items from income before income taxes: (i) discrete items as identified above; (ii) interest expense; (iii) interest income; (iv) depreciation expense; and (v) amortization of internally developed intangible assets.
Adjusted EBITDA margin is computed by dividing adjusted EBITDA by revenues.
Non-GAAP net income is computed by excluding the discrete items listed under non-GAAP operating income and their related tax impacts.
Non-GAAP diluted EPS is computed by dividing net income attributable to Leidos common stockholders, adjusted for the discrete items as identified above and the related tax impacts, by the diluted weighted average number of common shares outstanding.
Free cash flow is computed by deducting expenditures for property, equipment and software from net cash provided by operating activities.
Free cash flow conversion is computed by dividing free cash flow by non-GAAP net income attributable to Leidos common stockholders; operating cash flow conversion is computed by dividing net cash provided by operating activities by net income attributable to Leidos shareholders.
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SOURCE Leidos | https://www.wifr.com/prnewswire/2022/08/02/leidos-holdings-inc-reports-second-quarter-fiscal-year-2022-results/ | 2022-08-02T10:36:38Z | https://www.wifr.com/prnewswire/2022/08/02/leidos-holdings-inc-reports-second-quarter-fiscal-year-2022-results/ | false | 32 |
WASHINGTON (AP) — As the sun was rising in Kabul on Sunday, two Hellfire missiles fired by a U.S. drone ended Ayman al-Zawahri’s decade-long reign as the leader of al-Qaida. The seeds of the audacious counterterrorism operation had been planted over many months.
U.S. officials had built a scale model of the safe house where al-Zawahri had been located, and brought it into the White House Situation Room to show President Joe Biden. They knew al-Zawahri was partial to sitting on the home’s balcony.
They had painstakingly constructed “a pattern of life,” as one official put it. They were confident he was on the balcony when the missiles flew, officials said.
Years of efforts by U.S. intelligence operatives under four presidents to track al-Zawahri and his associates paid dividends earlier this year, Biden said, when they located Osama bin Laden’s longtime No. 2 — a co-planner of the Sept. 11, 2001, terrorist attacks on the U.S. — and ultimate successor at the house in Kabul.
Bin Laden’s death came in May 2011, face to face with a U.S. assault team led by Navy SEALs. Al-Zawahri’s death came from afar, at 6:18 a.m. in Kabul.
His family, supported by the Haqqani Taliban network, had taken up residence in the home after the Taliban regained control of the country last year, following the withdrawal of U.S. forces after nearly 20 years of combat that had been intended, in part, to keep al-Qaida from regaining a base of operations in Afghanistan.
But the lead on his whereabouts was only the first step. Confirming al-Zawahri’s identity, devising a strike in a crowded city that wouldn’t recklessly endanger civilians, and ensuring the operation wouldn’t set back other U.S. priorities took months to fall into place.
That effort involved independent teams of analysts reaching similar conclusions about the probability of al-Zawahri’s presence, the scale mock-up and engineering studies of the building to evaluate the risk to people nearby, and the unanimous recommendation of Biden’s advisers to go ahead with the strike.
“Clear and convincing,” Biden called the evidence. “I authorized the precision strike that would remove him from the battlefield once and for all. This measure was carefully planned, rigorously, to minimize the risk of harm to other civilians.”
The consequences of getting it wrong on this type of judgment call were devastating a year ago this month, when a U.S. drone strike during the chaotic withdrawal of American forces killed 10 innocent family members, seven of them children.
Biden ordered what officials called a “tailored airstrike,” designed so that the two missiles would destroy only the balcony of the safe house where the terrorist leader was holed up for months, sparing occupants elsewhere in the building.
A senior U.S. administration official, speaking on the condition of anonymity to discuss the strike planning, said al-Zawahri was identified on “multiple occasions, for sustained periods of time” on the balcony where he died.
The official said “multiple streams of intelligence” convinced U.S. analysts of his presence, having eliminated “all reasonable options” other than his being there.
Two senior national security officials were first briefed on the intelligence in early April, with the president being briefed by national security adviser Jake Sullivan shortly thereafter. Through May and June, a small circle of officials across the government worked to vet the intelligence and devise options for Biden.
On July 1 in the White House Situation Room, after returning from a five-day trip to Europe, Biden was briefed on the proposed strike by his national security aides. It was at that meeting, the official said, that Biden viewed the model of the safe house and peppered advisers, including CIA Director William Burns, Director of National Intelligence Avril Haines and National Counterterrorism Center director Christy Abizaid, with questions about their conclusion that al-Zawahri was hiding there.
Biden, the official said, also pressed officials to consider the risks the strike could pose to American Mark Frerichs, who has been in Taliban captivity for more than two years, and to Afghans who aided the U.S. war efforts who remain in the country. U.S. lawyers also considered the legality of the strike, concluding that al-Zawahri’s continued leadership of the terrorist group and support for al-Qaida attacks made him a lawful target.
The official said al-Zawahri had built an organizational model that allowed him to lead the global network even from relative isolation. That included filming videos from the house, and the U.S. believes some may be released after his death.
On July 25, as Biden was isolated in the White House residence with COVID-19, he received a final briefing from his team.
Each of the officials participating strongly recommended the operation’s approval, the official said, and Biden gave the sign-off for the strike as soon as an opportunity was available.
That unanimity was lacking a decade earlier when Biden, as vice president, gave President Barack Obama advice he did not take — to hold off on the bin Laden strike, according Obama’s memoirs.
The opportunity came early Sunday — late Saturday in Washington — hours after Biden again found himself in isolation with a rebound case of the coronavirus. He was informed when the operation began and when it concluded, the official said.
A further 36 hours of intelligence analysis would follow before U.S. officials began sharing that al-Zawahri was killed, as they watched the Haqqani Taliban network restrict access to the safe house and relocate the dead al-Qaida leader’s family. U.S. officials interpreted that as the Taliban trying to conceal the fact they had harbored al-Zawahri.
After last year’s troop withdrawal, the U.S. was left with fewer bases in the region to collect intelligence and carry out strikes on terrorist targets. It was not clear from where the drone carrying the missiles was launched or whether countries it flew over were aware of its presence.
The U.S. official said no American personnel were on the ground in Kabul supporting the strike and the Taliban was provided with no forewarning of the attack.
In remarks 11 month ago, Biden had said the U.S. would keep up the fight against terrorism in Afghanistan and other countries, despite pulling out troops. “We just don’t need to fight a ground war to do it.”
“We have what’s called over-the-horizon capabilities,” he said.
On Sunday, the missiles came over the horizon. | https://www.wwlp.com/news/watching-al-qaida-chiefs-pattern-of-life-was-key-to-his-death/ | 2022-08-02T10:37:59Z | https://www.wwlp.com/news/watching-al-qaida-chiefs-pattern-of-life-was-key-to-his-death/ | false | 46 |
Anthony Cumia announces hiatus from web talk show, hints at rehab
Radio host Anthony Cumia, a mainstay of “Opie and Anthony” before his 2014 firing and subsequent return as host of the subscription Web series “The Anthony Cumia Show,” announced he is leaving the program for a month to undergo some form of rehab.
The Long Island native told guest Ron Bennington on Wednesday’s show, “I’m going to be away for about a month,” according to a transcript at the comedy-industry website TheInterrobang.com. “I will not see the month of April here,” Cumia added, later specifying that, “Saturday, I am taking a plane out of here, let’s just say. Out of New York, and going somewhere where I will spend a month . . . relaxing . . . learning . . . umm . . . rehabilitating perhaps is a word that could be used.”
He went on to say, “I don’t even know what I’m going into. I don’t know what the rules are, I don’t know what it’s going to be. It’s like a big mystery-adventure-type thing. But I guess after this whole thing is said and done with, I might have a better understanding as to how I should proceed in the future and perhaps not get myself embroiled in legalities and what not that have plagued me for the wonderful year that is 2016 . . . and a few years prior that led up to it.”
In December, Cumia pleaded not guilty to assaulting his girlfriend Danielle Brand, 26, at his Roslyn Heights home, and was released without bail. She suffered a fractured rib, swollen arm and chest pain, prosecutors said. In July 2014, SiriusXM radio fired him after he tweeted vulgar comments about a black woman he claimed had punched him in Times Square. The satellite-radio company called the statements “abhorrent” and “wholly inconsistent with what SiriusXM represents.”
Guest hosts in the interim begin with comedian Jim Norton on April 4, followed by more than a dozen individuals and teams including Bennington on April 6, Colin Quinn on April 11, Jim Florentine on April 14, Rich Vos and Luis Gomez on April 19 and Joe List and Mark Normand on May 4. April 25-28 is a vacation week. | https://www.newsday.com/entertainment/celebrities/anthony-cumia-announces-hiatus-from-web-talk-show-hints-at-rehab-l74214 | 2022-08-02T10:47:19Z | https://www.newsday.com/entertainment/celebrities/anthony-cumia-announces-hiatus-from-web-talk-show-hints-at-rehab-l74214 | false | 1 |
SOUTHFIELD, Mich., Aug. 2, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the second quarter 2022.
Second Quarter 2022 Highlights
- Sales outperformed global industry production by six percentage points, reflecting growth over market in both Seating and E-Systems
- Sales increased 7% to $5.1 billion, compared to $4.8 billion in the second quarter of 2021
- Net income of $69 million and adjusted net income of $107 million, compared to $175 million and $148 million, respectively, in the second quarter of 2021
- Core operating earnings of $187 million, compared to $233 million in the second quarter of 2021
- Earnings per share of $1.14 and adjusted earnings per share of $1.79, compared to $2.89 and $2.45, respectively, in the second quarter of 2021
- Net cash provided by operating activities of $11 million and free cash flow of $(161) million, compared to $260 million and $120 million, respectively, in the second quarter of 2021
- Entered into a definitive agreement to acquire I.G. Bauerhin (IGB) to further expand our capabilities in thermal comfort solutions
- Acquired Thagora Technology SRL, a company specializing in material utilization hardware and software technologies
- Received Quality First award from Stellantis for achievements and commitment to industrial development and production
- Released 2021 Sustainability Report, featuring progress on Lear's renewable energy strategy, innovative green products, supplier sustainability and Diversity, Equity and Inclusion efforts
- Returned $96 million to shareholders through share repurchases and dividends
- Cash and cash equivalents of $828 million and total available liquidity of $2.8 billion at quarter end
"In a quarter marked with continued industry supply chain disruptions, including significant COVID-related production shutdowns in China, and increased commodity costs, Lear recorded solid financial results in the second quarter," said Ray Scott, Lear's President and Chief Executive Officer. "We are proactively taking steps to reduce costs and improve our manufacturing flexibility to position the Company to succeed in multiple industry volume scenarios. The IGB acquisition we announced in the quarter will further strengthen Lear's position as the leading supplier of automotive seating. Our increased emphasis on thermal comfort will create value for our customers through innovative and efficient products that improve quality, performance, weight, and cost. The strategic actions we are taking are designed to increase earnings and cash flow, and support increased cash returns to shareholders."
In the second quarter, global vehicle production increased by 1% compared to a year ago, with North America up 12%, Europe down 5%, and China down 3%. Global production increased on a Lear sales-weighted basis(2) by approximately 2%.
Sales in the second quarter increased 7% to $5.1 billion compared to a year ago. Excluding the impact of foreign exchange, commodities and acquisitions, sales were up 8%, reflecting the addition of new business in both business segments and increased production on key Lear platforms. Sales growth over market in the second quarter was six percentage points, driven primarily by the impact of new business in both segments.
Core operating earnings were $187 million, or 3.7% of sales, compared to $233 million, or 4.9% of sales, in 2021. The decrease in earnings resulted primarily from higher commodity costs and the impact of foreign exchange, which were partially offset by the addition of new business and higher production on key Lear platforms. In the Seating segment, margins and adjusted margins were 5.5% and 6.0% of sales, respectively. In the E-Systems segment, margins and adjusted margins were 0.2% and 2.0% of sales, respectively.
Earnings per share were $1.14. Adjusted earnings per share were $1.79, down from $2.45 in 2021, primarily reflecting lower operating earnings.
In the second quarter of 2022, net cash provided by operating activities was $11 million, and free cash flow(1) was $(161) million.
(1) For more information regarding our non-GAAP financial measures, see "Non-GAAP Financial Information" below.
(2) The production change on a Lear sales-weighted basis is calculated using Lear's prior year regional sales mix and second quarter fiscal calendar. Management believes this provides a more meaningful comparison of the Company's global revenue growth relative to global vehicle production.
IGB Acquisition
On May 20, 2022, Lear announced that it had entered into a definitive agreement to acquire IGB, a German-based supplier of automotive seat heating, ventilation, active cooling, steering wheel heating, seat sensors, and electronic control modules. This acquisition will expand Lear's product capabilities into active cooling and complement existing offerings in specialized thermal comfort seating solutions that improve vehicle performance and packaging. Under the terms of the agreement, Lear will acquire IGB for €140 million, on a cash and debt free basis. The transaction is subject to regulatory approvals and other customary closing conditions and adjustments.
Share Repurchases
During the second quarter of 2022, we repurchased 380,220 shares of our common stock for a total of $50.2 million. At the end of the second quarter, we had a remaining share repurchase authorization of approximately $1.3 billion, which expires on December 31, 2024, and reflects approximately 14% of our total market capitalization at current market prices.
Since initiating the share repurchase program in 2011, we have repurchased 52.8 million shares of our common stock for a total of $4.8 billion at an average price of $91.27 per share. This represents a reduction of approximately 50% of our shares outstanding since the time we began the program.
2022 Financial Outlook
Compared to our prior financial outlook, we have narrowed the ranges, but the midpoint of the range for net sales and core operating earnings are unchanged. Our 2022 financial outlook is summarized below:
The industry volume assumptions underlying Lear's 2022 financial outlook are derived from several sources, including internal estimates, customer production schedules and the most recent S&P Global Mobility production estimates for Lear's vehicle platforms.
The financial outlook is based on a full year average exchange rate of $1.06/Euro and 6.60 RMB/$.
Certain of the forward-looking financial measures above are provided on a non-GAAP basis. The Company does not provide a reconciliation of such forward-looking measures to the most directly comparable financial measures calculated and presented in accordance with GAAP because to do so would be potentially misleading and not practical given the difficulty of projecting event-driven transactional and other non-core operating items in any future period. The magnitude of these items, however, may be significant.
Second Quarter 2022 Conference Call and Webcast Information
A conference call and webcast will be held to discuss Lear's second quarter 2022 financial results and related matters on August 2, 2022, at 8:30 a.m. EDT. The webcast link for the conference call will be available through Lear's investor relations webpage at ir.lear.com. In addition, the conference call can be accessed by dialing 1-877-883-0383 (domestic) or 1-412-902-6506 (international) with Conference I.D. 5082523. The webcast replay will be available two hours following the call.
Non-GAAP Financial Information
In addition to the results reported in accordance with accounting principles generally accepted in the United States (GAAP) included throughout this press release, the Company has provided information regarding "pretax income before equity income, interest, other (income) expense, restructuring costs and other special items" (core operating earnings or adjusted segment earnings), "pretax income before equity income, interest, other (income) expense, depreciation expense, amortization of intangible assets, restructuring costs and other special items" (adjusted EBITDA), "adjusted depreciation and amortization," "adjusted net income attributable to Lear" (adjusted net income), "adjusted diluted net income per share attributable to Lear" (adjusted earnings per share) and "free cash flow" (each, a non-GAAP financial measure). Other (income) expense includes, among other things, non-income related taxes, foreign exchange gains and losses, gains and losses related to certain derivative instruments and hedging activities, gains and losses on the disposal of fixed assets and the non-service cost components of net periodic benefit cost. Adjusted depreciation and amortization represents depreciation expense and amortization of intangible assets adjusted for intangible asset impairment charges. Adjusted net income and adjusted earnings per share represent net income attributable to Lear and diluted net income per share attributable to Lear, respectively, adjusted for restructuring costs and other special items, including the tax effect thereon. Free cash flow represents net cash provided by operating activities less capital expenditures.
Management believes the non-GAAP financial measures used in this press release are useful to both management and investors in their analysis of the Company's financial position and results of operations. In particular, management believes that core operating earnings, adjusted EBITDA, adjusted depreciation and amortization, adjusted net income and adjusted earnings per share are useful measures in assessing the Company's financial performance by excluding certain items that are not indicative of the Company's core operating performance or that may obscure trends useful in evaluating the Company's continuing operating activities. Management also believes that these measures provide improved comparability between fiscal periods. Management believes that free cash flow is useful to both management and investors in their analysis of the Company's ability to service and repay its debt. Further, management uses these non-GAAP financial measures for planning and forecasting future periods.
Core operating earnings, adjusted EBITDA, adjusted depreciation and amortization, adjusted net income, adjusted earnings per share and free cash flow should not be considered in isolation or as a substitute for net income attributable to Lear, diluted net income per share attributable to Lear, cash provided by operating activities or other income statement or cash flow statement data prepared in accordance with GAAP or as a measure of profitability or liquidity. In addition, the calculation of free cash flow does not reflect cash used to service debt and, therefore, does not reflect funds available for investment or other discretionary uses. Also, these non-GAAP financial measures, as determined and presented by the Company, may not be comparable to related or similarly titled measures reported by other companies.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and liquidity. The words "will," "may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expects," "intends," "estimates," "forecasts" and similar expressions identify certain of these forward-looking statements. The Company also may provide forward-looking statements in oral statements or other written materials released to the public. All statements contained or incorporated in this press release or in any other public statements that address operating performance, events or developments that the Company expects or anticipates may occur in the future are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, its Quarterly Report on Form 10-Q for the quarter ended April 2, 2022, and its other Securities and Exchange Commission filings. Future operating results will be based on various factors, including actual industry production volumes, the impact of the ongoing COVID-19 pandemic and the Ukraine war on the Company's business and the global economy, supply chain disruptions, commodity prices, the impact of restructuring actions and the Company's success in implementing its operating strategy.
Information in this press release relies on assumptions in the Company's sales backlog. The Company's sales backlog reflects anticipated net sales from formally awarded new programs less lost and discontinued programs. The Company enters into contracts with its customers to provide production parts generally at the beginning of a vehicle's life cycle. Typically, these contracts do not provide for a specified quantity of production, and many of these contracts may be terminated by the Company's customers at any time. Therefore, these contracts do not represent firm orders. Further, the calculation of the sales backlog does not reflect customer price reductions on existing or newly awarded programs. The sales backlog may be impacted by various assumptions embedded in the calculation, including vehicle production levels on new programs, foreign exchange rates and the timing of major program launches.
The forward-looking statements in this press release are made as of the date hereof, and the Company does not assume any obligation to update, amend or clarify them to reflect events, new information or circumstances occurring after the date hereof.
About Lear Corporation
Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of talented employees in 38 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 186 on the Fortune 500. Further information about Lear is available at lear.com or on Twitter @LearCorporation.
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SOURCE Lear Corporation | https://www.wdbj7.com/prnewswire/2022/08/02/lear-reports-second-quarter-2022-results/ | 2022-08-02T10:48:50Z | https://www.wdbj7.com/prnewswire/2022/08/02/lear-reports-second-quarter-2022-results/ | true | 20 |
Three years ago, Mason Lester, a rambunctious toddler, tumbled off his family's porch and broke his wrist. His mother, nine months pregnant, rushed him to a nearby hospital, where she made a confounding discovery: Their health insurance had vanished.
Alarmed, Katie Lester called the Tennessee Medicaid agency, TennCare, which had covered her during a prior pregnancy and insured Mason since the day he was born.
TennCare said the family was no longer enrolled because they had failed to respond to a packet of essential paperwork. But Lester hadn't seen the packet, nor a termination letter. Years would pass before it became clear what went wrong: Due to a clerical error, TennCare had mailed both to a horse pasture.
The loss of Medicaid was catastrophic for the Lesters, an impoverished family that owns a small lawn-cutting business in Belfast, a town of 600 about an hour south of Nashville. Lester and her husband appealed TennCare's decision but were rejected. They reapplied and were denied after mailed paperwork once again failed to reach their home. The Lesters said they were left uninsured for most of the next three years, during which the coronavirus, injuries, and a cesarean birth buried them under more than $100,000 of debt, which savaged their credit and dashed plans to buy their first home.
"It was like we just got run over by a bus when I found out we didn't have insurance," Lester said.
The Lesters' story may be a warning of what's to come for many poor Americans. Because of the COVID-19 public health emergency, TennCare and Medicaid programs in other states largely have been barred from dropping anyone, and Medicaid enrollment has swelled to historical highs. But when the emergency is declared over, states will once again require families to prove they are poor enough to qualify for coverage. Millions are expected to lose their insurance in the year that follows, including countless people like the Lesters who meet the requirements for Medicaid but get lost in its labyrinthine bureaucracy.
Problems with the verification process have long shadowed TennCare, an agency that prides itself on keeping enrollment small and spending lean. State officials have for years been criticized for requiring Tennesseans to navigate a thicket of paperwork. Prior investigations of TennCare revealed that most people are dropped because of incomplete or unreturned forms. As few as 5% of those dropped are found to be ineligible.
Thirty-five TennCare members challenged its "defective" renewal process in a class-action lawsuit in 2020, and the ongoing case recently added plaintiffs, including the Lesters. The lawsuit accuses TennCare of befuddling its members with vague and contradictory instructions; demanding information it already has or does not need; ignoring the information that members provide; improperly rejecting termination appeals; and, sometimes, sending essential paperwork to addresses that it "knows, or should know," are wrong.
Michele Johnson, executive director of the nonprofit Tennessee Justice Center, which leads the lawsuit, described TennCare's renewal process as a "gotcha game."
"The state's focus is on trying to find someplace where a family tripped up, rather than on ensuring that the process accurately enrolls families who are eligible," Johnson said.
The lawsuit asks a federal judge to order TennCare to reenroll about 108,000 people who were dropped in the 12 months before the pandemic emerged and maintain their coverage until and unless the agency can prove they do not qualify.
Waverly Crenshaw Jr., a federal judge in Tennessee, at a March hearing expressed concern about eligible people losing coverage and said termination letters sent by TennCare contain "misleading" language about appealing the decision.
That language has appeared in TennCare letters since at least 2015, including during a period when hundreds of thousands of Tennesseans were cut from its programs, according to TennCare documents obtained by KHN.
"People are falling through the cracks," the judge said. "And we need something there to catch them before they are swallowed up in the abyss."
Soon those cracks will widen.
The federal public health emergency is set to expire in October, and Medicaid programs across the country are poised to once again ask families for proof of income. TennCare estimates the renewal process will prune enrollment back to a pre-pandemic level of about 1.4 million members within a year, which means about 300,000 people will leave or be dropped.
Johnson said the looming end of the federal emergency gives the class-action suit "greater importance" even though it is focused on the 108,000 people who were dropped between March 2019 and March 2020.
"We would not expect the state to fix the problems just for the 108,000 and yet leave the defective process in effect for everyone else," Johnson said.
TennCare officials declined to be interviewed for this story or answer questions about the lawsuit or the appeal information in its termination letters.
In response to emailed questions, agency spokesperson Amy Lawrence said that TennCare is "continually improving the eligibility process" but that members are responsible for keeping their addresses up to date and responding to any renewal paperwork.
When the federal emergency ends, TennCare expects to automatically renew at least half of its members using readily available electronic data, then will send paperwork packets to the rest ― as many as 850,000 people ― over the next year, Lawrence said.
The Paperwork Purge
TennCare members have been here before. It was messy.
TennCare renewals were paused in 2014 so officials could focus on implementation of the Affordable Care Act. TennCare grew by more than 350,000 people before renewals resumed and many were disenrolled.
A 2019 investigation by The Tennessean newspaper revealed that a sliver of those people were found to be ineligible for TennCare before they were dropped. A government audit affirmed this finding: Of more than 242,000 children cut from TennCare from 2016 to mid-2019, only 5% were determined to be ineligible for coverage.
An additional 66% ― or about 159,000 kids ― lost their insurance because TennCare said their families did not respond to renewal paperwork or provide enough info on that paperwork, according to the audit.
One of those families was the Lesters, who lost their coverage in May 2019. Documents provided by the family and filed in their lawsuit show their packet of TennCare paperwork was first mailed to a house where the Lesters had lived on and off. The packet was returned to TennCare as "undeliverable," then erroneously re-mailed to a horse pasture next to a relative's house, then returned to TennCare again.
In other words, the Lesters did not complete the paperwork because they never saw it.
And TennCare knew it.
TennCare also mailed the Lesters' termination letter to the horse pasture, which is why the family did not realize Mason was uninsured. Lester filed an appeal, but TennCare rejected it as "untimely," according to a TennCare court filing. Lester filed a new application, but TennCare denied it, the filing states.
In June 2019, Lester gave birth to another son, Memphis, while still trying to convince TennCare they should qualify for Medicaid.
"Hours after having a baby, still doped up in my hospital bed, I was getting in my email, trying to find proof of income to get them everything they needed," she said.
In 2020, while still uninsured, Lester contracted COVID and required hospitalization for two days, she said. The following fall, Memphis stepped on a shard of glass and needed surgery, then soon afterward was hospitalized for a week with COVID and respiratory syncytial virus, or RSV, his mother said. Weeks after that, in October 2021, Mason stumbled in the yard and shattered another bone.
This time, hospital staff reenrolled Mason in TennCare in a "presumptive eligibility" category, according to the family's lawsuit. TennCare covered Mason for about four months before dropping him again.
One month later, in April, the Lesters connected with the Tennessee Justice Center, which finally discovered the clerical error that steered their TennCare paperwork to the horse pasture.
The Lesters joined the center's lawsuit the following month, and weeks after that TennCare approved coverage for the whole family, saying in a court filing that eligibility was affirmed through the discovery process. The coverage is retroactive to 2019, so it should erase much of the Lesters' medical debt.
But TennCare defends its initial decision to drop the family, arguing they were "appropriately terminated" for failing to complete renewal paperwork. Kimberly Hagan, the agency's director of member services, said in a court filing that the Lesters' problems were "entirely attributable to the failure of the U.S. Postal Service," which was not delivering mail to the Lesters' home and gave TennCare an "erroneous forwarding address."
"While this is an unfortunate set of circumstances, it was not of TennCare's making and in no way reflects a systemic issue with TennCare's eligibility reverification and redetermination processes," Hagan said.
Hagan also said the Lesters could have obtained the lost paperwork by logging in to TennCare's web portal, TennCare Connect. The portal, part of a $400 million modernization of TennCare, launched about two months before the Lesters' problems began in 2019.
TennCare Sent 'Misleading' Letter for Years
The lawsuit also unearthed concerns that families cut from TennCare may have been misinformed of their right to appeal before an impartial official, also known as a "fair hearing."
The concerns stem from a paragraph included in some TennCare termination letters. It reads: "If you still think we made a mistake about a fact, you can have a fair hearing. If you don't think we made a mistake about a fact, you can't have a fair hearing."
KHN obtained copies of two TennCare templates for termination letters, dated 2015 and 2017, that both contain this language. It was also included in a letter sent to the Lesters.
Crenshaw, the federal judge, said on March 4 that this language "misleads" because people are entitled to a hearing if they believe TennCare made a mistake in "the application of [their] facts to the law." TennCare has been telling them otherwise, the judge said.
"They don't lose their right to a hearing. They may be wrong, but ... don't they still have that right to a hearing?" the judge said.
"At a minimum, it frustrates their due process rights," he added.
An example of a mistake involving "the application of facts to the law" would be TennCare accurately denying someone coverage because their income is too high but failing to consider them for another kind of coverage with a higher income limit.
Johnson, the head of the Tennessee Justice Center, said "many of the mistakes" made by TennCare are like this. In 2019 the agency failed to consider applicants for seven eligibility categories, each of which allows for different income levels, she said.
TennCare denies that its letters were misleading but said in a new court filing that they have been "voluntarily modified" to exclude this language.
KHN (Kaiser Health News) is a national newsroom that produces in-depth journalism about health issues. It is an editorially independent operating program of KFF (Kaiser Family Foundation).
Copyright 2022 Kaiser Health News. To see more, visit Kaiser Health News. | https://www.delawarepublic.org/npr-headlines/npr-headlines/2022-08-02/they-lost-medicaid-when-paperwork-was-sent-to-a-pasture-signaling-the-mess-to-come | 2022-08-02T10:49:34Z | https://www.delawarepublic.org/npr-headlines/npr-headlines/2022-08-02/they-lost-medicaid-when-paperwork-was-sent-to-a-pasture-signaling-the-mess-to-come | false | 28 |
Nichola Murphy
Made In Chelsea star Binky Felstead stunned in a bustier wedding dress for her Corfu wedding with Max Darnton – but it wasn't her first outfit choice.
Binky Felstead's outfit for her second wedding with her husband Max Fredrik Darnton was just as gorgeous as you'd expect, but the former Made In Chelsea star almost didn't wear the strapless bridal gown.
SEE: Exclusive: Binky Felstead and Max Fredrik Darnton share photos from their dream wedding day
The mother-of-two had already worn a beautiful, low-key dress for her civil ceremony with Max in Chelsea in 2021, but she pulled out all the stops for her Corfu wedding celebrations with around 100 of their friends and family. Styled by P.S. Bridal, the 32-year-old TV star wore a corseted gown by Israeli designer Liz Martinez, featuring a strapless neckline, structured bodice with embroidered detailing and tulle skirt.
WATCH: Celeb brides' most unconventional wedding dresses revealed
"I felt confident and very 'me' in it," Binky exclusively told HELLO!. She added: "When I first tried it on, I had already got what I thought was The Dress, but I hadn't felt the feeling I felt with this dress, with any of the others."
Max clearly loved his wife's chosen outfit, as he said: "Binks looked absolutely incredible – like in-credible."
LOOK: 8 Made in Chelsea stars' weddings and engagements that are straight out of a fairytale
SHOP: 25 pretty high-street bridesmaid dresses to fall in love with
On 23 July 2021, almost exactly one year before their destination wedding, Binky was pictured wearing a Halfpenny London ensemble for her UK ceremony, consisting of a softly draping slip dress under a floral appliqué bolero. "I went for understated, but elegant," she said at the time.
The bride had already got her dress when she found her bustier gown. Photographer: Sandra von Riekhoff/Divine Day Photography
She wore her brunette hair in soft waves, finished with a white floral headband, as well as natural glowing makeup.
Months later and Binky had gone dress shopping again in preparation for her Corfu ceremony, which took place at The White House at Kalami, home to British author Lawrence Durrell and his wife Nancy in the 1930s.
In March 2022, she shared a peek inside her bridal fittings and showed off some of the gorgeous designs that didn't make the cut. Modelling four different dresses, she said: "It took loads of beautiful dresses to finally find the one … here are a few I adored whilst searching.
Binky wore a Halfpenny London ensemble for her UK ceremony
"… I’ve officially now said yes to a couple of dresses & I cannot wait to show you what I’ve found - thank you @psbridalstyling for putting up with me changing my mind a million times and constantly asking 'does my bum look big in this?!' Bring on Summer 2022 for the wedding party of my dreams!!!"
They included a strapless dress with a sweetheart neckline featuring a plunging sheer panel, a gown with a fitted silhouette and a tiered fishtail skirt, and a sparkling gown with a sheer corset bodice.
MORE: Inspired by Stacey Solomon? 7 corset wedding dresses we love
Planning your wedding? Sign up to HELLO!’s brand new Bride Guide newsletter for expert advice, budget help, wedding inspiration and real life stories delivered straight to your inbox. | https://www.hellomagazine.com/brides/20220802147028/binky-felstead-almost-didnt-wear-bustier-bridal-dress-corfu-wedding/ | 2022-08-02T10:50:19Z | https://www.hellomagazine.com/brides/20220802147028/binky-felstead-almost-didnt-wear-bustier-bridal-dress-corfu-wedding/ | true | 1 |
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Getting a summer job is often a way for students to make a bit of extra money before heading to university, whether that involves working in a pub, in a restaurant or a shop. It may come as a surprise that Kate Middleton did just that. But she didn't have the most typical summer job.
According to the book 'Kate: The Future Queen', Kate Middleton worked as a deckhand on yachts in Southampton. Author and royal biographer Katie Nicholl says the work Kate did as a deckhand was "back-breaking", The Daily Express reports.
One of the skippers who worked with Kate said she was "very professional" and "mucked in". But Kate's colleagues liked to have a bit of fun and at one point, played a prank on her. One part of her job was giving clients a safety demonstration, which involved showing how the vessel's life jackets worked.
READ MORE: Kate Middleton's little trick with her chin that means she always looks incredible in pictures
But on one occasion, during the demonstration her former colleagues pulled an embarrassing prank on Kate that left her "mortified". One skipper, Cal Tomlinson, said: "When she pulled the toggle, the thing inflated and a load of condoms fell out.
"She was mortified and very embarrassed. She took it more seriously than the others might have, but she wasn't thrown off her stride." But it seems that retaliation wasn't Kate's thing: "She was angry at first, but she settled down, and I don't remember her ever getting them back.”
Despite the embarrassing prank, Kate has encouraged her children to work. She revealed that her eldest son, Prince George, also has a rather unusual job. During the school holidays, George moved animal feed at the Cambridges' family home in Norfolk, Anmer Hall in Sandringham. Kate said: “That was George’s job at half term — moving feed.”
Kate went back to her sailing routes on Sunday, as she took part in a friendly "Commonwealth Race" against New Zealand and alongside four-time Olympic champion Sir Ben Ainslie. The mum-of-three was in Plymouth for the 1851 Trust's event, which Kate was made a patron of in 2014.
Photos showed the future Queen sporting a wetsuit, as she joined the British racing team. Kate's team sailed to victory in front of fans that lined the Plymouth coast. Sir Ben praised Kate's sailing abilities, saying: "She's a really good sailor in her own right."
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Lionel Messi intervened to stop security guards from dragging a young fan away after his latest outing for Paris Saint-Germain - and then granted the boy a picture with him after the ordeal. The talismanic forward was in sensational form during PSG's victory over Nantes in the Trophee des Champions final on Sunday.
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Who is the GOAT?
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Who is the GOAT?
- 5%Diego Maradona
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This young fan was being taken away by security but Messi stopped them so the boy take a selfie with him ❤️ pic.twitter.com/MHNfpSs2O0
— R (@Lionel30i) July 31, 2022
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TOPEKA, Kan. (AP) — Kansas on Tuesday will hold the nation’s first test of voter feelings about the recent Supreme Court decision overturning Roe v. Wade, with people throughout the state deciding whether to allow their conservative Legislature to further restrict or ban abortion.
The referendum on the proposed anti-abortion amendment to the Kansas Constitution is being closely watched as a barometer of liberal and moderate voters’ anger over the June ruling overturning the nationwide right to abortion. But the outcome might not reflect broader sentiments about the issue in the country as a whole, given how conservative Kansas is and how twice as many Republicans as Democrats have voted in its August primaries over the past decade.
Supporters of the measure wouldn’t say before the vote whether they intend to pursue a ban if it passes, but they’ve spent decades pushing for new restrictions on a nearly annual basis and many other states in the Midwest and South have banned abortion in recent weeks. By not stating their position, they were seeking to win over voters who favored some restrictions but not an outright ban.
Abortion rights advocates expect the Legislature to ban abortion if the ballot measure passes, and the state saw a surge in early voting with an electorate more Democratic than usual.
“At what level does the insanity stop?” said Eric Sheffler, a 60-year-old retired Army officer and Democrat who cast a “no” vote early in the Kansas City suburbs. “What will they try to control next?”
The Kansas measure would add language to the state constitution saying that it doesn’t grant a right to abortion, which would allow lawmakers to regulate it as they see fit. Kentucky will vote in November on adding similar language to its constitution.
Meanwhile, Vermont will decide in November whether to add an abortion rights provision to its constitution. A similar question is likely headed to the November ballot in Michigan.
The Kansas measure is a response to a state Supreme Court decision in 2019 declaring that access to abortion is a matter of bodily autonomy and a “fundamental” right under the state’s Bill of Rights.
Both sides together have spent more than $14 million on their campaigns. Abortion providers and abortion rights groups were key donors for the “no” side, while Catholic dioceses heavily funded the “yes” campaign.
“I just feel like people have become so nonchalant about abortion, like it’s just another method of birth control,” said Michelle Mulford, a 50-year-old Kansas City-area teacher and Republican who voted early for the proposed amendment, adding that she supports exceptions to an abortion ban for cases of rape, incest or life-threatening pregnancies.
Even though some early voters favor banning nearly all abortions, the vote yes campaign pitched its measure as a way to restore lawmakers’ power to set “reasonable” abortion limits and preserve existing restrictions.
Kansas doesn’t ban most abortions until the 22nd week of pregnancy. But a law that would prohibit the most common second-trimester procedure and another that would set special health regulations for abortion providers remain on hold because of legal challenges.
Stan Ellsworth, a 69-year-old Republican retiree in the Kansas City area, said the argument that voting yes means an abortion ban is “crap.”
“I haven’t talked to a single person who wants that,” he said after voting yes early in the Kansas City suburbs. “Most will accept reasonable exceptions and I think the other side knows that’s true.”
White House press secretary Karine Jean-Pierre weighed in on the Kansas vote Monday, saying: “If it passes, tomorrow’s vote in Kansas could lead to another state eliminating the right to choose and eviscerating access to health care.”
The Republican-controlled Legislature has had anti-abortion majorities since the early 1990s. Kansas hasn’t gone further in restricting abortion because abortion opponents have felt constrained either by past federal court decisions or because the governor was a Democrat, like Gov. Laura Kelly, who was elected in 2018.
Kelli Kolich, a 35-year-old Kansas City-area pizza restaurant operator and unaffiliated voter, said she voted no because she believes people have a fundamental right to make their own health care choices and expects a yes vote to “eliminate that right.”
“Women would not have the ability to determine the best choices for themselves,” she said after voting early, as she played with her 18-month-old son.
___
Stafford reported from Overland Park and Olathe.
___
Follow John Hanna on Twitter: https://twitter.com/apjdhanna | https://www.fox44news.com/news/kansas-first-state-to-vote-on-abortion-since-roes-demise/ | 2022-08-02T10:56:40Z | https://www.fox44news.com/news/kansas-first-state-to-vote-on-abortion-since-roes-demise/ | false | 42 |
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Commonwealth Games: England's men take gold in lawn bowls triples
Last updated on .From the section Commonwealth Games
England's men beat Australia 14-12 in a tense match in the lawn bowls triples event to win Commonwealth Games gold.
Louis Ridout, Nick Brett and Jamie Chestney took a 12-1 lead after nine ends but the Australians drew level at 12-12 after the 16th end.
Lucy Beere earned Guernsey's first medal since 1994 as she won silver in the women's singles event, losing out to Australia's Ellen Ryan for gold.
"I'm absolutely over the moon, I don't think it's sunk in yet," said Chestney.
"I'm pretty emotional, up and down, to get over the line - there's no feeling like it, the best moment of my career," he added.
His team-mate Brett said: "If you'd had said to us at the start of the game you'd be 12-12 with two ends to play, we'd have all taken that. Jamie [Chestney] played a couple of bombs. These two have played fantastically - they have been outstanding."
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U.S. consumer stands down in January
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The Conference Board is reporting Tuesday that its Consumer Confidence Index now stands at 61.1, down from a revised 64.8 in December. Economists had expected a reading of 68. The index had surged from 40.9 in October to 64.8 in December.
The Conference Board says that even though consumers were more upbeat about jobs, they were less optimistic about income prospects. Rising gas prices have also taken a toll on sentiment.
A reading of 90 indicates a healthy economy, a level the index hasn't approached since December 2007 when the recession began.
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Kansas first state to vote on abortion since Roe’s demise
TOPEKA, Kan. (AP) - Kansas on Tuesday will hold the nation’s first test of voter feelings about the recent Supreme Court decision overturning Roe v. Wade, with people throughout the state deciding whether to allow their conservative Legislature to further restrict or ban abortion.
The referendum on the proposed anti-abortion amendment to the Kansas Constitution is being closely watched as a barometer of liberal and moderate voters’ anger over the June ruling overturning the nationwide right to abortion. But the outcome might not reflect broader sentiments about the issue in the country as a whole, given how conservative Kansas is and how twice as many Republicans as Democrats have voted in its August primaries over the past decade.
Supporters of the measure wouldn’t say before the vote whether they intend to pursue a ban if it passes, but they’ve spent decades pushing for new restrictions on a nearly annual basis and many other states in the Midwest and South have banned abortion in recent weeks. By not stating their position, they were seeking to win over voters who favored some restrictions but not an outright ban.
Abortion rights advocates expect the Legislature to ban abortion if the ballot measure passes, and the state saw a surge in early voting with an electorate more Democratic than usual.
“At what level does the insanity stop?” said Eric Sheffler, a 60-year-old retired Army officer and Democrat who cast a “no” vote early in the Kansas City suburbs. “What will they try to control next?”
The Kansas measure would add language to the state constitution saying that it doesn’t grant a right to abortion, which would allow lawmakers to regulate it as they see fit. Kentucky will vote in November on adding similar language to its constitution.
Meanwhile, Vermont will decide in November whether to add an abortion rights provision to its constitution. A similar question is likely headed to the November ballot in Michigan.
The Kansas measure is a response to a state Supreme Court decision in 2019 declaring that access to abortion is a matter of bodily autonomy and a “fundamental” right under the state’s Bill of Rights.
Both sides together have spent more than $14 million on their campaigns. Abortion providers and abortion rights groups were key donors for the “no” side, while Catholic dioceses heavily funded the “yes” campaign.
“I just feel like people have become so nonchalant about abortion, like it’s just another method of birth control,” said Michelle Mulford, a 50-year-old Kansas City-area teacher and Republican who voted early for the proposed amendment, adding that she supports exceptions to an abortion ban for cases of rape, incest or life-threatening pregnancies.
Even though some early voters favor banning nearly all abortions, the vote yes campaign pitched its measure as a way to restore lawmakers’ power to set “reasonable” abortion limits and preserve existing restrictions.
Kansas doesn’t ban most abortions until the 22nd week of pregnancy. But a law that would prohibit the most common second-trimester procedure and another that would set special health regulations for abortion providers remain on hold because of legal challenges.
Stan Ellsworth, a 69-year-old Republican retiree in the Kansas City area, said the argument that voting yes means an abortion ban is “crap.”
“I haven’t talked to a single person who wants that,” he said after voting yes early in the Kansas City suburbs. “Most will accept reasonable exceptions and I think the other side knows that’s true.”
White House press secretary Karine Jean-Pierre weighed in on the Kansas vote Monday, saying: “If it passes, tomorrow’s vote in Kansas could lead to another state eliminating the right to choose and eviscerating access to health care.”
The Republican-controlled Legislature has had anti-abortion majorities since the early 1990s. Kansas hasn’t gone further in restricting abortion because abortion opponents have felt constrained either by past federal court decisions or because the governor was a Democrat, like Gov. Laura Kelly, who was elected in 2018.
Kelli Kolich, a 35-year-old Kansas City-area pizza restaurant operator and unaffiliated voter, said she voted no because she believes people have a fundamental right to make their own health care choices and expects a yes vote to “eliminate that right.”
“Women would not have the ability to determine the best choices for themselves,” she said after voting early, as she played with her 18-month-old son.
___
Stafford reported from Overland Park and Olathe.
___
Follow John Hanna on Twitter: https://twitter.com/apjdhanna
Copyright 2022 The Associated Press. All rights reserved. | https://www.wndu.com/2022/08/02/kansas-first-state-vote-abortion-since-roes-demise/ | 2022-08-02T11:03:10Z | https://www.wndu.com/2022/08/02/kansas-first-state-vote-abortion-since-roes-demise/ | true | 42 |
A financial crisis has begun in Ukraine. The currency is in free fall to the point where the national bank has just ordered exchange kiosks to stop displaying the exchange rate. The government is running a deficit it can’t cover and the leading state-owned companies have started defaulting on their debt. And the economy is on course to contract by over a third by the end of this year – a catastrophic crash, worse than any of the multiple crises seen since the collapse of the Soviet Union.
The war with Russia is the main cause, but the paucity of financial help from the West is making the collapse of Ukraine’s economy worse. As bne IntelliNews has reported, Ukraine is running out of money. During a call on August 1, President Volodymyr Zelenskiy asked his French counterpart Emmanuel Macron to help release the EU’s second tranche of macro-financial assistance to Ukraine worth €8bn. Earlier, European Commission spokesperson Arianna Podesta said there are currently insufficient funds to provide Ukraine with the second tranche. The government has to cover enormous military spending, the fiscal deficit stands at approximately $5bn per month, and without external help, which Ukraine is not getting, it cannot sustain this spending.
According to the estimates of IER experts, real GDP dropped by about 46% year on year in March 2022, and over the next three months, the rate of GDP contraction stabilised at the level of 39-40% y/y. In the worst of the 2014 Euromaidan revolution the economy contracted by 17% in the second quarter of that year, but then began to bounce back and was back in the black by the start of the following year.
In June, the contraction of real gross value added in the agricultural sector accelerated. This was primarily a result of the temporary occupation of the Kherson oblast and part of the Zaporizhia oblast, which substantially contributed to crop production (grain, vegetables and fruits) in June 2021. However, in the second half of this year, the IER forecasts a gradual improvement in the economic situation, depending on how the war goes. As a result, real GDP is estimated to decline by about 30% y/y in 2022.
However, the GDP contraction may be much higher if inflation accelerates further, logistics do not improve and hostilities intensify.
The physical economy is bearing the brunt of the war and has shown itself to have some resilience, but the financial system is starting to buckle. The central bank hiked its prime rate to 25% on June 2 and intends to keep it there for two years. The National Bank of Ukraine (NBU) also devalued the currency on July 21 from around UAH28 to the dollar to UAH36, a drop of 25%, to bring the official rate in line with the cash rate on the street. But the currency immediately fell further to UAH41 and will continue to slide. (chart)
The government is running a deficit of around $5bn a month, which is being financed almost entirely by the NBU’s printing presses. This is not sustainable. The Western donors have sent a total of $12.3bn since the start of the war five months ago – about $2.75bn per month – but this is insufficient to cover the funding gap. The EU and the US have promised another $16bn but the distribution of this money has been dogged by bureaucratic delays, and in the meantime the economy is in a slow crash.
The shortfall is already having an impact on the NBU’s reserves, which have fallen by about $5bn in the last two months, further undermining the value of the hryvnia. And the government has ordered all the state-owned companies to delay their debt payments to “preserve cash.” As a result, Naftogaz defaulted on a $335mn bond, despite having the money to hand and management wanting to pay to preserve the company's credit history.
Grain exports resumed on August 1, which will bring some badly needed revenues, but as grain shipments are only expected to earn some $1bn a month, the numbers still don’t add up. Kyiv got some relief as the Paris Club of sovereign creditors agreed to delay all payments on sovereign debt for at least one year, but the private investors are less enthusiastic. The holders of Naftogaz’s bond were advised to reject the company’s request to delay redemptions and coupon payments as the company was “still a going concern” and had the cash to pay on its balance sheet.
The government is in a very difficult place now. With much of its manufacturing industry and infrastructure damaged or destroyed and with insufficient income to cover the budget, it is in a poor position to sustain what increasingly looks like a long fight. Kyiv is now entirely dependent on the West's supplies, especially materiel, but the West is running down its stocks of ammunition and its manufacturing sector is not able to quickly produce more. The US in particular has compensated by sending more powerful weapons, such as the US M142 High Mobility Artillery Rocket Systems (HIMARS), that have had a devastating effect on Russian forces, but these are not game-changers, as the Russian military machine keeps grinding on.
In two ominous signs in July the Kremlin cancelled the second Russia-Africa Summit, due to be held in November, and at the end of July Kyiv ordered the evacuation of the parts of the Donetsk region it still controls, nominally to avoid problems in the winter. Both suggest that the fighting will continue into November and possibly beyond and that Russia continues to make steady, albeit very slow, progress in its campaign to take control over the whole of the greater Donbas region.
The government has limited capacity to raise resources to cover its funding gap via taxes (the economy is weak) or debt (international capital markets are closed for Ukraine; at the internal capital market, the Ministry of Finance is unwilling to sell debt at new higher interest rates which distort monetary transmission).
This situation is not sustainable. Although the NBU can provide direct support to the government, this comes at a cost of burning foreign exchange reserves at a fast pace. In June alone, the central bank sold approximately $4bn of its reserves to support the hryvnia and the NBU predicted a decrease in international reserves in the second half of 2022 by 8.6% – from $22.8bn to $20.8bn by the end of the year.
With limited resources and instruments, the central bank is caught on the horns of a dilemma, but cannot simultaneously defend the exchange rate, print money (UAH225bn, or $6.1bn, since the beginning of the war) to cover fiscal deficits, and support the stability of the financial system. Something will have to give – and the value of the currency is probably the first thing that will go. In the past few days the NBU has forbidden exchange kiosks from reporting the exchange rate, in an effort to “shield” the population from the rapidly collapsing currency.
A financial crisis is already upon us. The projected funding from the international community for the second half of 2022 is about $18bn. With monthly foreign exchange interventions of about $4bn and external debt payments (principal and interest) of $3bn in the rest of 2022, more defaults are on the cards, otherwise foreign exchange reserves could decline to a dangerously low level of $12-15bn, say experts – far below the level needed to support the value of the hryvnia.
Some of that pressure has been removed after the Paris Club of sovereign creditors gave Ukraine a one-year delay on payments in July, but the private creditors have not been as forgiving, and on July 26 the state-owned gas company Naftogaz defaulted on a $335mn bond redemption, despite having the cash to meet its obligation. The government has ordered the state-owned banks to delay their payments to “preserve cash.”
In addition to the debt another big call on the budget will be the need to buy more gas for the winter. Ukraine currently has the lowest level of gas storage in all of Europe, with the tanks only 22% full as of the last week in July. Naftogaz says it needs to buy another 5bn cubic metres of gas in an extremely tight market at an estimated cost of $7.8bn. It is not clear where the companies will find either the gas or the money to buy it with.
But there is some good news. Economic activity has begun recovering in Ukraine after a significant drop at the beginning of the full-scale invasion, according to Deputy Chairman of the National Bank Serhii Nikolaychuk. This does not mean that the GDP is growing but that the depth of the fall is decreasing, he said in July.
The economy's recovery can be seen in the following indicators: revitalisation of trade networks, increase in restaurant turnover, and a drop in the number of non-working businesses. In addition, exports are also gradually recovering and the end of the blockade on Ukrainian ports should make a very big difference to Ukraine’s balance of payments.
Nevertheless, NBU predicts a 2022 drop in GDP of more than a third and an increase in inflation to more than 30%. The national bank estimates that the economy will decline by 40% in the first half of this year and will end the year down by 30-35%. At the same time, analysts of the regulator believe that the economy of Ukraine will show a recovery of 5-6% in 2023-2024. This will become possible if the active phase of the war ends and the Black Sea ports are unblocked.
The regulator expects inflation to return to the goal of 5% in 2025. According to the NBU forecast, inflation will decrease to 20.7% in 2023 and 9.4% in 2024. | https://www.intellinews.com/kyiv-blog-a-financial-crisis-has-begun-in-ukraine-252223/ | 2022-08-02T11:03:42Z | https://www.intellinews.com/kyiv-blog-a-financial-crisis-has-begun-in-ukraine-252223/ | false | 4 |
FC Isle of Man 'can play better' after defeat, says manager Chris Bass
Last updated on .From the section Football
FC Isle of Man "can play better" than they did during their 0-1 defeat by Lower Breck FC in the opening match of the season, manager Chris Bass said.
The Ravens made their debut in the North West Counties League Premier Division on Saturday after gaining promotion in their first season.
The match saw one Isle of Man and two Lower Breck players shown red cards at The Bowl in Douglas.
Bass said while it was "frustrating", it was a "learning curve" for the team.
The first player sent off was Lower Breck midfielder Thomas Williams, for an incident off the ball just four minutes in.
Eight minutes later Michael Monagan scored the only goal of the match for the visitors, lifting the ball in to the right corner of the net.
Shortly after that, the visitors were down to nine men when Ryan Beigan was sent off for a heavy challenge on Chris Cannell.
With 20 minutes remaining, last season's star striker for the Ravens, Sean Doyle, picked up an injury which forced him off the pitch, before Karl Clark was shown a red card for a challenge in the 88th minute.
Despite several chances during the match, the home side failed to equalise before the final whistle.
Speaking after the game, Bass said: "In terms of management, it's probably one of the most frustrating games you're ever going to be involved in."
"Our delivery of crossing could have perhaps been better," he said.
"Our passing especially down the channels could have been better, the amount of balls that we played into touch down the channels, we've got to improve on that.
"But we've also got to remember, we've gone up a league, and if anybody thinks this is going to be an easy season, if we play like that too often there's going to be a team that beats us five or six-nil, never mind one.
"But I do think that we can play better than we did.
"It's just a sad day for us, but it's a learning curve for the lads. They're going to have go away and pick themselves up."
The Ravens next take on Litherland REMYCA on Merseyside on Wednesday. | https://www.bbc.co.uk/sport/football/62379158 | 2022-08-02T11:04:47Z | https://www.bbc.co.uk/sport/football/62379158 | false | 2 |
Match Details
Fixture: (3) Ons Jabeur vs Madison Keys.
Date: August 3, 2022.
Tournament: Mubadala Silicon Valley Classic 2022.
Round: Second round (Round of 16).
Venue: San Jose, California, United States.
Category: WTA 500.
Surface: Hard.
Prize money: $757,900.
Live telecast: USA - Tennis Channel | UK - Amazon Prime Video.
Ons Jabeur vs Madison Keys preview
Third seed Ons Jabeur will face Madison Keys in the second round of the Silicon Valley Classic on Wednesday.
Jabeur has had a good season, winning 36 out of 46 matches with two titles to her name. The first of these came at the Madrid Open, where she beat Jessica Pegula in the final despite being bageled in the second set. The 27-year-old followed this up by reaching the final of the Italian Open, but lost to Iga Swiatek.
Jabeur had a terrific grass-court season, where she won her second title of 2022 at the bett1open in Berlin. She beat Karolina Muchova, Alycia Parks, Aliaksandra Sasnovich and Coco Gauff to reach the final. she led 6-3, 2-1 in the title clash when her opponent, Belinda Bencic, retired due to an ankle injury.
Jabeur then competed at Wimbledon and reached the final after defeating Marie Bouzkova and Tatjana Maria in the quarterfinals and semifinals respectively. However, she lost 3-6, 6-2, 6-2 to Elena Rybakina in the championship match.
Madison Keys has won 20 out of 31 matches this season, including winning the Adelaide International 2 by beating Alison Riske in the final. The American has had good results in big tournaments, reaching the semifinals of the Australian Open and the quarterfinals at Indian Wells.
At the Silicon Valley Classic, Keys reached the second round after defeating Zhang Shuai 6-4, 6-2.
Ons Jabeur vs Madison Keys head-to-head
The head-to-head between the two players currently stands at 0-0 as they haven't faced one another before.
Ons Jabeur vs Madison Keys odds
(To be updated)
Ons Jabeur vs Madison Keys prediction
Jabeur will enter the match as the favorite but Keys should not be written off, especially since she is playing at home.
Keys has a pretty decent record on hardcourts this season, winning 14 out of 20 matches. Jabeur has a lower win percentage, winning just eight out of 13 matches.
Jabeur will look to be aggressive from the start and will try to disrupt the pace of rallies using slices and drop shots. The Tunisian's adventurous playing style won't be easy to counter, especially considering she has reduced her error count of late.
Keys is one of the cleanest strikers on the women's circuit and when on song, she can beat anyone on the tour. If she can find her rhythm early, this could be a very competitive match.
In the end, it will come down to who makes fewer errors. Considering Jabeur's form, expect her to come out on top in this one.
Pick: Jabeur to win in straight sets. | https://www.sportskeeda.com/tennis/silicon-valley-classic-2022-ons-jabeur-vs-madison-keys-preview-head-to-head-prediction-odds-pick | 2022-08-02T11:04:55Z | https://www.sportskeeda.com/tennis/silicon-valley-classic-2022-ons-jabeur-vs-madison-keys-preview-head-to-head-prediction-odds-pick | false | 1 |
This website is the best site that could make our time become easy just when having any entertainments to access its wide source to entertain people including kids which really get many popular to the users so don’. People will just need an unite source of games if the search that are looking could go fast and direct to any good and also fastest search about funny that they actually play through such fun apps which can bring in many users by finding many different collections of fun like arche type June YTD 2022 Digital Revenue and Adjusted Operating Income 50% of Total
Net Leverage Declines to 4.65x
Raising 2022 Guidance
PURCHASE, N.Y., Aug. 2, 2022 /PRNewswire/ -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare", the "Company," "we," "us," or "our") announced today its financial results for the second quarter ended June 30, 2022.
"I am proud to share that the Townsquare Team delivered another quarter of strong revenue and profit growth, and in doing so, we achieved all-time record highs for both net revenue and Adjusted EBITDA. Our performance clearly demonstrates the strength and differentiation of our digital businesses and our legacy broadcast business. Townsquare's second quarter net revenue increased year-over-year by +14%, exceeding our guidance range, and Adjusted EBITDA increased +7% year-over-year, meeting our guidance range. In addition, our digital revenue growth accelerated from the first quarter (Q1 +16% year-over-year), with second quarter total digital revenue increasing +21% year-over-year. Our strong top-line growth, margin profile, and cash generation characteristics have contributed to the reduction of our net leverage, now at a historical low of 4.65x as of June 30th, including the repurchase and retirement of $19 million of our Senior Secured Notes at or below par in Q2," commented Bill Wilson, Chief Executive Officer of Townsquare Media, Inc. "We are also pleased to announce that we are raising our FY 2022 guidance following the close of the Cherry Creek acquisition on June 17th. Our updated full year guidance reflects the ongoing momentum of our business and the strength of our performance to date, fueled by our differentiated digital platform. As a Digital First Local Media Company focused principally on markets outside of the Top 50 in the United States, we have a resilient digital growth engine supported by subscription digital marketing solutions, with a large addressable market and limited competition. As we move forward, we expect double-digit digital net revenue growth to continue at strong margins, reaching our digital revenue target of at least $275 million in 2024. With half of our total revenue and profit coming from digital today, it is our belief that over time as digital continues to meaningfully grow, Townsquare should and will be afforded a sum-of the-parts valuation that our digital assets deserve."
Segment Reporting
We have three reportable operating segments, Subscription Digital Marketing Solutions, Digital Advertising and Broadcast Advertising. The Subscription Digital Marketing Solutions segment includes our subscription digital marketing solutions business, Townsquare Interactive. The Digital Advertising segment, marketed externally as Townsquare Ignite, includes digital advertising on our owned and operated digital properties and our digital programmatic advertising platform. The Broadcast Advertising segment includes our local, regional, and national advertising products and solutions delivered via terrestrial radio broadcast, and other miscellaneous revenue that is associated with our broadcast advertising platform. The remainder of our business is reported in the Other category, which includes our live events business. The Company has presented segment information for the three and six months ended June 30, 2021 in conformity with the current period's segment information.
Second Quarter Highlights*
- As compared to the second quarter of 2021:
- Subscription Digital Marketing Solutions ("Townsquare Interactive") net revenue increased 13.7%
- Digital Advertising net revenue increased 25.4%
- Subscription Digital Marketing Solutions Adjusted Operating Income increased 9.8%
- Digital Advertising Adjusted Operating Income increased 11.8%
- Diluted income per share was $0.24, and Adjusted Net Income per diluted share was $0.71
- Townsquare Interactive added approximately 1,150 net subscribers
- Repurchased aggregate $19.2 million of our 2026 Secured Senior Notes at or below par
- Completed the acquisition of Cherry Creek Broadcasting LLC ("Cherry Creek") for $18.4 million, net of closing adjustments
Year to Date Highlights*
- As compared to the six months ended June 30, 2021:
- Subscription Digital Marketing Solutions net revenue increased 14.3%
- Digital Advertising net revenue increased 21.4%
- Subscription Digital Marketing Solutions Adjusted Operating Income increased 8.6%
- Digital Advertising Adjusted Operating Income increased 12.4%
- Townsquare Interactive added approximately 2,200 net subscribers
Guidance
For the third quarter of 2022, net revenue is expected to be between $120 million and $127 million and Adjusted EBITDA is expected to be between $30 million and $32 million.
For the full year 2022, net revenue guidance is raised to be between $465 million and $480 million and Adjusted EBITDA guidance is raised to be between $116 million and $121 million.
Quarter Ended June 30, 2022 Compared to the Quarter Ended June 30, 2021
Net Revenue
Net revenue for the three months ended June 30, 2022 increased $14.6 million, or 13.6%, as compared to the same period in 2021. Our Digital Advertising net revenue increased $7.5 million, or 25.4%, and our Subscription Digital Marketing Solutions net revenue increased $2.8 million, or 13.7%, as compared to the same period in 2021 due in part to the addition of approximately 1,150 additional net subscribers during the second quarter of 2022.
Our Other net revenue increased $3.7 million due to an increase in the number of live events held in the current period and our Broadcast Advertising net revenue increased $0.6 million, or 1.0%, as compared to the same period in 2021, due to increases in the purchase of new advertising by our clients.
Adjusted EBITDA
Adjusted EBITDA for the quarter ended June 30, 2022, increased $2.1 million, or 6.8%, to $32.4 million, as compared to $30.3 million in the same period last year. Adjusted EBITDA (Excluding Political) increased $1.4 million, or 4.8%, to $31.1 million, as compared to $29.6 million in the same period last year.
Net Income
Net income for the quarter ended June 30, 2022, decreased $5.2 million to $4.9 million, as compared to $10.1 million in the same period last year.
Six Months Ended June 30, 2022 Compared to the Six Months Ended June 30, 2021
Net Revenue
Net revenue for the six months ended June 30, 2022, increased $26.1 million, or 13.3%, as compared to the same period in 2021. Our Digital Advertising net revenue increased $11.7 million, or 21.4% and our Subscription Digital Marketing Solutions net revenue increased $5.6 million, or 14.3% as compared to the same period in 2021 due in part to the addition of approximately 2,200 additional net subscribers during the six months ended June 30, 2022.
Our Other net revenue increased $4.7 million due to the increase in live events held during the period, as compared to the same period a year ago. Our Broadcast Advertising net revenue increased $4.1 million, or 4.0%, due to increases in the purchase of new advertising by our clients.
Adjusted EBITDA
Adjusted EBITDA for the six months ended June 30, 2022 increased $4.0 million, or 8.0% to $54.4 million, as compared to $50.4 million in the same period last year. Adjusted EBITDA (Excluding Political) increased $3.4 million, or 6.9%, to $52.8 million, as compared to $49.4 million in the same period last year.
Net Income
Net income for the six months ended June 30, 2022 increased $3.7 million, or 93.2%, to $7.7 million, as compared to $4.0 million in the same period last year.
Liquidity and Capital Resources
As of June 30, 2022, we had a total of $22.8 million of cash and cash equivalents and $530.8 million of outstanding indebtedness, representing 4.86x and 4.65x gross and net leverage, respectively, based on Adjusted EBITDA for the twelve months ended June 30, 2022, of $109.1 million.
The table below presents a summary, as of July 29, 2022, of our outstanding common stock.
Conference Call
Townsquare Media, Inc. will host a conference call to discuss certain second quarter 2022 financial results and 2022 guidance on Tuesday, August 2, 2022 at 8:00 a.m. Eastern Time. The conference call dial-in number is 1-877-407-0784 (U.S. & Canada) or 1-201-689-8560 (International) and the confirmation code is 13731436. A live webcast of the conference call will also be available on the investor relations page of the Company's website at www.townsquaremedia.com.
A replay of the conference call will be available through August 9, 2022. To access the replay, please dial 1-844-512-2921 (U.S. and Canada) or 1-412-317-6671 (International) and enter confirmation code 13731436. A web-based archive of the conference call will also be available at the above website.
About Townsquare Media, Inc.
Townsquare is a community-focused digital media and digital marketing solutions company with market leading local radio stations, principally focused outside the top 50 markets in the U.S. Our assets include a subscription digital marketing services business, Townsquare Interactive, providing website design, creation and hosting, search engine optimization, social media and online reputation management as well as other digital monthly services for approximately 29,000 SMBs; a robust digital advertising division, Townsquare Ignite, a powerful combination of a) an owned and operated portfolio of more than 400 local news and entertainment websites and mobile apps along with a network of leading national music and entertainment brands, collecting valuable first party data and b) a proprietary digital programmatic advertising technology stack with an in-house demand and data management platform; and a portfolio of 357 local terrestrial radio stations in 74 U.S. markets strategically situated outside the Top 50 markets in the United States. Our portfolio includes local media brands such as WYRK.com, WJON.com and NJ101.5.com, and premier national music brands such as XXLmag.com, TasteofCountry.com, UltimateClassicRock.com, and Loudwire.com. For more information, please visit www.townsquaremedia.com, www.townsquareinteractive.com and www.townsquareignite.com.
Forward-Looking Statements
Except for the historical information contained in this press release, the matters addressed are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often discuss our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "aim," "anticipate," "estimate," "expect," "forecast," "outlook," "potential," "project," "projection," "plan," "intend," "seek," "believe," "may," "could," "would," "will," "should," "can," "can have," "likely," the negatives thereof and other words and terms. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors. While it is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by us include the impact of general economic conditions in the United States, or in the specific markets in which we currently do business including supply chain disruptions, inflation, labor shortages and the effect on advertising activity, industry conditions, including existing competition and future competitive technologies, the popularity of radio as a broadcasting and advertising medium, cancellations, disruptions or postponements of advertising schedules in response to national or world events, including the COVID-19 pandemic, our ability to develop and maintain digital technologies and hire and retain technical and sales talent, our dependence on key personnel, our capital expenditure requirements, our continued ability to identify suitable acquisition targets, and consummate and integrate any future acquisitions, legislative or regulatory requirements, risks and uncertainties relating to our leverage and changes in interest rates, our ability to obtain financing at times, in amounts and at rates considered appropriate by us, our ability to access the capital markets as and when needed and on terms that we consider favorable to us and other factors discussed in this section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" in this report and under "Risk Factors" in our 2021 Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 16, 2022, as well as other risks discussed from time to time in our filings with the SEC. Many of these factors are beyond our ability to predict or control. In addition, as a result of these and other factors, our past financial performance should not be relied on as an indication of future performance. The cautionary statements referred to in this section also should be considered in connection with any subsequent written or oral forward-looking statements that may be issued by us or persons acting on our behalf. The forward-looking statements included in this report are made only as of the date hereof or as of the date specified herein. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Non-GAAP Financial Measures and Definitions
In this press release, we refer to Adjusted Operating Income, Adjusted EBITDA, Adjusted EBITDA (Excluding Political), Adjusted Net Income and Adjusted Net Income Per Share which are financial measures that have not been prepared in accordance with generally accepted accounting principles in the United States ("GAAP").
We define Adjusted Operating Income as operating income before the deduction of depreciation and amortization, stock-based compensation, corporate expenses, transaction costs, business realignment costs, impairment of goodwill, long-lived and intangible assets and net loss (gain) on sale and retirement of assets. We define Adjusted EBITDA as net income (loss) before the deduction of income taxes, interest expense, net, loss (gain) on extinguishment and modification of debt, transaction costs, depreciation and amortization, stock-based compensation, business realignment costs, impairment of long-lived assets, intangible assets and investments, change in fair value of investment, net (loss) gain on sale and retirement of assets and other expense (income) net. We define Adjusted EBITDA (Excluding Political) as Adjusted EBITDA less political net revenue, net of a fifteen percent deduction to account for estimated national representative firm fees, music licensing fees and sales commissions expense. Adjusted Net Income is defined as net income (loss) before the deduction of transaction costs, business realignment costs, impairment of long-lived assets, intangible assets and investments, change in fair value of investment, net loss (gain) on sale and retirement of assets, loss (gain) on extinguishment and modification of debt, gain on insurance recoveries and net income attributable to non-controlling interest, net of income taxes. Adjusted Net Income Per Share is defined as Adjusted Net Income divided by the weighted average shares outstanding. We define Net Leverage as our total outstanding indebtedness, net of our total cash balance as of June 30, 2022, divided by our Adjusted EBITDA for the twelve months ended June 30, 2022. These measures do not represent, and should not be considered as alternatives to or superior to, financial results and measures determined or calculated in accordance with GAAP. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. You should be aware that in the future we may incur expenses or charges that are the same as or similar to some of the adjustments in the presentation, and we do not infer that our future results will be unaffected by unusual or non-recurring items. In addition, these non-GAAP measures may not be comparable to similarly-named measures reported by other companies.
We use Adjusted Operating Income to evaluate the operating performance of our business segments. We use Adjusted EBITDA and Adjusted EBITDA (Excluding Political) to facilitate company-to-company operating performance comparisons by backing out potential differences caused by variations in capital structures (affecting interest expense), taxation and the age and book depreciation of facilities and equipment (affecting relative depreciation expense), which may vary for different companies for reasons unrelated to operating performance, and to facilitate year over year comparisons, by backing out the impact of political revenue which varies depending on the election cycle and may be unrelated to operating performance. We use Adjusted Net Income and Adjusted Net Income Per Share to assess total company operating performance on a consistent basis. We use Net Leverage to measure the Company's ability to handle its debt burden. We believe that these measures, when considered together with our GAAP financial results, provide management and investors with a more complete understanding of our business operating results, including underlying trends, by excluding the effects of transaction costs, net loss (gain) on sale and retirement of assets, business realignment costs and certain impairments. Further, while discretionary bonuses for members of management are not determined with reference to specific targets, our board of directors may consider Adjusted Operating Income, Adjusted EBITDA, Adjusted EBITDA (Excluding Political), Adjusted Net Income, Adjusted Net Income Per Share and Net Leverage when determining discretionary bonuses.
Investor Relations
Claire Yenicay
(203) 900-5555
investors@townsquaremedia.com
The following table presents Net revenue and Adjusted Operating Income by segment, for the three and six months ended June 30, 2022, and 2021, respectively (in thousands):
The following table reconciles Net revenue to Net revenue, excluding political revenue on a GAAP basis by segment for the three and six months ended June 30, 2022, and 2021, respectively (in thousands):
The following table reconciles on a GAAP basis net income (loss), the most directly comparable financial measure calculated and presented in accordance with GAAP, to Adjusted Net Income for the three and six months ended June 30, 2022, and 2021, respectively (in thousands, except per share data):
The following table reconciles on a GAAP basis net income (loss), the most directly comparable financial measure calculated and presented in accordance with GAAP, to Adjusted EBITDA, Adjusted EBITDA (Excluding Political), and Adjusted EBITDA Less Interest, Capex and Taxes for the three and six months ended June 30, 2022, and 2021, respectively (dollars in thousands):
The following table reconciles net income, the most directly comparable financial measure calculated and presented in accordance with GAAP, to Adjusted EBITDA on a quarterly basis for the twelve months ended June 30, 2022 (dollars in thousands):
The following tables reconcile Operating income (loss), the most directly comparable financial measure calculated and presented in accordance with GAAP, to Adjusted Operating Income by segment for the three months ended June 30, 2022, and 2021 (in thousands):
The following tables reconcile Operating income (loss), the most directly comparable financial measure calculated and presented in accordance with GAAP, to Adjusted Operating Income by segment for the six months ended June 30, 2022, and 2021 (in thousands):
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SOURCE Townsquare Media, Inc. | https://www.kcrg.com/prnewswire/2022/08/02/townsquares-second-quarter-net-revenue-adjusted-ebitda-reach-all-time-high-with-net-revenue-14-adjusted-ebitda-7-year-over-year/ | 2022-08-02T11:05:13Z | https://www.kcrg.com/prnewswire/2022/08/02/townsquares-second-quarter-net-revenue-adjusted-ebitda-reach-all-time-high-with-net-revenue-14-adjusted-ebitda-7-year-over-year/ | false | 22 |
A new study from Juniper Research has found that the total number of digital wallet users will exceed 5,2-billion globally in 2026, up from 3,4-billion in 2022; representing strong growth of over 53%.
The research predicts that the presence of ‘superapps’ will drive digital wallet use in developing countries that are currently considered cash heavy.
Superapps are multipurpose apps able to integrate digital payments alongside other services, including wealth management and e-commerce.
The study identified three countries in Asia Pacific primed for rapid growth over the next four years: Philippines; Thailand; and Vietnam.
It predicts that the adoption of digital wallets will near 75% of the population in each of these countries by 2026. It cited the rising access to online and mobile commerce services as driving forces behind the use of digital wallets, notably through superapps.
Research co-author Damla Sat explains: “These rapidly growing markets represent a significant opportunity for digital wallet vendors, but they must work intelligently to maximise their position. A highly competitive wallets’ landscape means that vendors must differentiate themselves by integrating machine learning to provide spending insights and introduce new services such as wealth management to add value.”
Additionally, the research identified QR code payments as the most popular digital wallet transaction type in 2026; reaching 380-billion transactions globally, and accounting for over 40% of all transactions by volume.
However, as usage within markets including China and India reaches its apex, vendors must innovate to remain competitive entering new geographic markets. Therefore, the research recommends that QR code payment vendors integrate loyalty features and personalised marketing capabilities to incentivise merchant acceptance, which will be critical to driving adoption. | https://it-online.co.za/2022/08/02/more-than-half-the-global-population-will-use-digital-wallets-by-2026/ | 2022-08-02T11:05:32Z | https://it-online.co.za/2022/08/02/more-than-half-the-global-population-will-use-digital-wallets-by-2026/ | false | 3 |
BEIJING, Aug. 2, 2022 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced an extraordinary general meeting of the Company (the "Meeting") will be held at 10 A.M. on August 19, 2022, Beijing time (10 P.M. on August 18, 2022, U.S. Eastern time) at Floor 8, No.2 Guanghua Road, Chaoyang District, Beijing, China. The purpose of the Meeting is to amend the Company's Amended and Restated Memorandum and Articles of Association currently in effect (the "Current M&A") to change the voting power of the Class B ordinary shares of par value of US$0.002 each (the "Class B Ordinary Shares") from fifteen (15) votes for each Class B Ordinary Share to thirty-five (35) votes for each Class B Ordinary Share. Pursuant to the Current M&A, Company obtained the ordinary resolutions of the holders of Class B Ordinary Shares to approve the proposed variation of rights of Class B Ordinary Shares set forth in the notice of the Meeting on August 2, 2022. The Company has established the close of business on August 2, 2022, Eastern time (the "Record Date"), as the record date for determining shareholders entitled to notice of, and to vote at, the Meeting and any adjournments or postponements thereof.
Copies of the notice of the Meeting and the form of proxy are available on the Company's corporate investor relations website at https://ir.ucommune.com.
About Ucommune International Ltd
Ucommune is China's leading agile office space manager and provider. Founded in 2015, Ucommune has created a large-scale intelligent agile office ecosystem covering economically vibrant regions throughout China to empower its members with flexible and cost-efficient office space solutions. Ucommune's various offline agile office space services include self-operated models, such as U Space, U Studio, and U Design, as well as asset-light models, such as U Brand and U Partner. By utilizing its expertise in the real estate and retail industries, Ucommune operates its agile office spaces with high efficiency and engages in the urban transformation of older and under-utilized buildings to redefine commercial real estate in China.
Safe Harbor Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's growth strategies; its future business development, results of operations and financial condition; its ability to understand members' needs and provide products and services to attract and retain members; its ability to maintain and enhance the recognition and reputation of its brand; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with members and business partners; trends and competition in China's agile office space market; changes in its revenues and certain cost or expense items; the expected growth of China's agile office space market; PRC governmental policies and regulations relating to the Company's business and industry, and general economic and business conditions in China and globally and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
Ucommune International Ltd
ir@ucommune.com
ICR, LLC
Robin Yang
ucommune@icrinc.com
+1 (212) 537-3847
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SOURCE Ucommune International Ltd | https://www.wcax.com/prnewswire/2022/08/02/ucommune-announces-extraordinary-general-meeting/ | 2022-08-02T11:05:38Z | https://www.wcax.com/prnewswire/2022/08/02/ucommune-announces-extraordinary-general-meeting/ | true | 41 |
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