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Firefighters from across West Yorkshire have been tackling a fire in Leeds today.
Services were called at around 3pm after reports of a cornfield fire off Manor Crescent in Rothwell.
A total of five fire crews from Garforth, Rothwell, Hunslet, Leeds and Normanton attended the scene.
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Firefighters extinguished the blaze and all crews had left the field by 4.30pm. | https://www.yorkshireeveningpost.co.uk/news/west-yorkshire-firefighters-called-to-tackle-corn-field-blaze-in-leeds-3801083 | 2022-08-10T19:53:39Z | https://www.yorkshireeveningpost.co.uk/news/west-yorkshire-firefighters-called-to-tackle-corn-field-blaze-in-leeds-3801083 | false | null |
Routine childhood vaccinations are still below pre-pandemic levels in Colorado, and health officials are pushing to catch kids up before they return to school.
The number of shots given to Colorado kids tanked during the stay-at-home order in spring 2020, with a roughly 38% decline compared to the same period in 2019. The numbers have mostly recovered, but about 9% fewer shots were given between March 20 and July 30 of this year than during the same period in 2019.
Dr. Meg Tomcho, a pediatrician at Denver Health, said her office saw a major decline in routine visits in the first months of the pandemic, but that patient volume is now slightly above normal. She said she’s seen some “spillover” hesitancy about routine vaccinations because of misinformation about the COVID-19 shots, but it’s not a huge shift.
“It is so much easier and safer to prevent disease than to treat disease,” she said at a mobile vaccine clinic at Clayton Early Learning in Denver on Friday. “We can get back on track to not seeing these diseases if we just focus on prevention.”
Denver Health has held mobile clinics for years, though they’ve taken on a new urgency following news that polio is spreading at low levels in two New York counties where only about 60% of toddlers are vaccinated. There’s no sign polio has made a return in Colorado, though the state has experienced outbreaks of preventable diseases, including measles and pertussis, in recent years.
The most recent statewide data on the vaccination rate is from the 2020-2021 school year, when 95% of kids were vaccinated against polio, and at least 91% had each of the other required shots. That was comparable to the previous year, but there was a slight drop-off among kindergarteners, with one in 10 not protected against polio and chickenpox.
The kindergarten vaccination rate is typically lower than the rate for older children, because parents who forgot to schedule shots before their kids started school will often do so after their school reminds them, said Dr. Sean O’Leary, an infectious disease specialist at Children’s Hospital Colorado. And while the vaccination rate is slightly lower than in 2019, it’s still better than it was in 2018, he said.
“Ninety-plus percent is good. We want to do better,” he said.
The vast majority of children in the state are fully vaccinated and have strong protection, but the concern is that there are pockets where the immunization rate is much lower, which would make an outbreak of a highly contagious virus like measles harder to contain, O’Leary said. In 2019, measles outbreaks in undervaccinated communities were contained because the surrounding areas had high coverage rates and public health leaders were able to launch a full-scale response, but the country might not be so lucky next time, he said.
“Now we’re in a situation where the measles vaccination rates have dipped and public health is stretched pretty thin,” he said.
Almost all health insurance plans are required to cover routine vaccinations without out-of-pocket costs, though parents can be charged if their children receive other services during a visit for their shots. Children without health insurance, who are American Indian or who are covered by Medicaid can receive free shots through the Vaccines for Children program.
On Aug. 2, the Colorado Department of Public Health and Environment started sending out text messages and emails to the parents of about 32,000 kids who may be behind on their routine vaccines. It pulled information for children between 4 and 6 whose records showed they weren’t up-to-date on their shots for measles, mumps and rubella, or for diphtheria, tetanus and pertussis.
Joe Hollman, a spokesman for the state health department, said the agency plans to reach out later this month to parents of older and younger children who are behind on their routine vaccinations.
Last year, the Denver Health team partnered with 11 schools in the fall and 16 in the spring to bring shots to areas with low vaccination rates, said Lucy Devaney, an AmeriCorps volunteer acting as immunization outreach and education coordinator in Denver. The clinics make it easier to catch kids up, because their parents don’t have to worry about taking off work, she said.
Getzy Martinez, who teaches at Clayton Early Learning, said that the mobile event Friday was convenient and allowed her and daughter Lylah Salazar to avoid waiting rooms full of sick people. Lylah, who is almost 2 and attends preschool at Clayton, only had to take one shot, for COVID-19, and rapidly got over the pinch when offered a lollipop.
“It just made me feel better that she can get it here,” Martinez said.
While the COVID-19 vaccine isn’t required for school, it’s a good idea for parents to get it for their kids, O’Leary said. While most kids don’t have severe symptoms from COVID-19, the same is true for some other vaccine-preventable diseases, including polio.
“COVID is a lot more severe in kids than some of the other diseases we vaccinate for,” he said.
The morning started slowly, with no one seeking routine vaccinations from the blue canopies on the campus’s lawn in the first hour. By the end of the day, they’d given children a combined 19 vaccines for COVID-19, but only three routine shots. Adults who’d missed shots or needed boosters also received a combined 14 doses.
It wasn’t a bad turnout, but on the busiest days, they can see more than 100 patients, said Denver Health spokeswoman Amber D’Angelo.
Devaney said she thought people might be experiencing some “vaccine fatigue” after hearing about COVID-19 shots, making them less likely to seek out routine vaccinations.
The routine shots “are just as important as the COVID vaccine,” she said.
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PLANO, Texas, Aug. 10, 2022 /PRNewswire/ -- NuZee, Inc. (NASDAQ: NUZE), a leading U.S. producer and co-packer of single serve coffee formats, today announced the closing of its previously announced underwritten public offering of 4,200,000 shares of its common stock at a public offering price of $0.82 per share. Gross proceeds before deducting underwriting discounts, commissions and other offering expenses are approximately $3.4 million.
Maxim Group LLC acted as sole book-running manager for the offering.
NuZee has granted the underwriter a 45-day option to purchase up to an additional 630,000 shares at the public offering price, less underwriting discounts and commissions.
The securities were offered pursuant to an effective shelf registration statement (including a prospectus) on Form S-3 (No. 333-248531) previously filed with and declared effective by the U.S. Securities and Exchange Commission (the "SEC"). The securities were offered only by means of a written prospectus and prospectus supplement that form a part of the effective registration statement. A final prospectus supplement describing the terms of the public offering has been filed with the SEC and is available on the SEC's website located at www.sec.gov. Electronic copies of the final prospectus supplement and accompanying prospectus relating to the public offering may be obtained by contacting Maxim Group LLC, 300 Park Avenue, New York, NY 10022, or by telephone at (212) 895-3745.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. NuZee cautions you that such statements are simply predictions and actual events or results may differ materially. These statements reflect NuZee's current expectations and NuZee does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other NuZee statements will not be realized. Further, these statements involve risks and uncertainties, many of which are beyond NuZee's control, which could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties, many of which are beyond our control, include: NuZee's plan to obtain funding for its operations, including funding necessary to develop, manufacture and commercialize its products; the impact to NuZee's business from COVID 19, including supply chain interruptions; general market acceptance of and demand for NuZee's products; NuZee's reliance on third-party roasters to roast and blend coffee beans necessary to produce its products and provide its co-packing services; NuZee's ability to successfully achieve the anticipated results of strategic transactions; the fact that certain of NuZee's single serve coffee products are expected to be manufactured, processed and packaged for NuZee by its new partner on a purchase order basis pursuant to the agreement between the parties; the fact that sales are completed on a purchase order basis without any written agreement between NuZee and its customers; and NuZee's commercialization, marketing and manufacturing capabilities and strategy. For a description of additional factors that may cause NuZee's actual results, performance or expectations to differ from any forward looking statements, please review the information set forth in the 'Risk Factors' and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the NuZee's public reports and NuZee's other filings made with the SEC.
NuZee, Inc., (NASDAQ: NUZE) is a leading co-packing company for single serve coffee formats that partners with companies to help them develop within the single serve and private label coffee category.
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SOURCE NuZee, Inc. | https://www.blackhillsfox.com/prnewswire/2022/08/10/nuzee-announces-closing-34-million-underwritten-public-offering-common-stock/ | 2022-08-10T19:57:35Z | https://www.blackhillsfox.com/prnewswire/2022/08/10/nuzee-announces-closing-34-million-underwritten-public-offering-common-stock/ | true | 23 |
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Roline's Uniquely Filipino - Vacaville
A Vacaville restauranteur's cookbook was featured in the press kit for the new Jo Koy movie "Easter Sunday!" Our own Filipina foodie queen, Tina Macuha, is checking out Roline's Uniquely Filipino!
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Turn On | https://www.cbsnews.com/sacramento/video/rolines-uniquely-filipino-vacaville-1/ | 2022-08-10T19:58:01Z | https://www.cbsnews.com/sacramento/video/rolines-uniquely-filipino-vacaville-1/ | true | null |
Mr. T, the Parisian restaurant in the trendy Marais, now has a second location in Los Angeles, officially opening Aug. 16.
“When we finally decided to bring Mr. T to the U.S., it was tough choosing between New York and L.A.,” owner Guillaume Guedj told WWD. “But to me, the local products, the produce, fish and meat from California are just some of the best in the world. To be able experiment and evolve our menu with some of the finest fresh materials we can have access to, it was a no-brainer to choose L.A.”
Guedj is the restauranteur behind Gyoza Bar, Ramen Bar and the two Michelin-starred Passage 53. Opened in 2017, Mr. T — named after the Paris head chef, Tsuyoshi Miyazaki — has become a popular hangout for creative types.
The same may be said for the new L.A. location; located at 953 North Sycamore Avenue, Mr. T is in good company, up the street from artistic boutique Just One Eye, Tartine bakery, gourmet eatery Sightglass Coffee, record shop Supervinyl and hot spot Gigi’s — all openings that have transformed the once-gritty street, on the outer western edge of Hollywood.
“The restaurant still retains the cozy, intimate vibe of the Paris location that people know and love, but we made this one bigger and brighter, with our first-ever outdoor space that matches the energy of the L.A. people,” continued Guedj. “We have always had a lot of American, and specifically L.A.-based, customers at the Paris restaurant who kept asking us to come to the U.S., so it’s been a great opportunity to be closer to them.”
The late architect Richard Altuna designed the interior, working alongside Guedj. Altuna customized brass pendant lamps for the space, an industrial aesthetic using raw stone, white quartz and concrete, with Tzalam wood seating sourced from Mexico.
Using local ingredients, the menu offers a mix of French, North African and Asian influences: roast lamb kebab; comté mac and cheese with mimolette flambé; uni with koshihikari rice, confit egg yolk and sea urchin crème; chicken tsukune mille-feuille with sweet potato purée and candied kumquat; carrot merguez frites; caramelized half Liberty duck with Weiser Farms potatoes and crêpe.
Cocktails, named after hip-hop hits (there’s a turntable in the private room), include “Can’t Knock The Hustle,” with Japanese whiskey and amaro topped with smoked cinnamon. Guests can also expect Mr. T’s signature drink — vodka, blackberry and mint with St. Germain foam — fine Burgundy and Bordeaux.
Mr. T will be open Tuesday through Saturday from 5:30 p.m. to 11 p.m. | https://wwd.com/eye/lifestyle/parisian-restaurant-mr-t-los-angeles-1235296137/ | 2022-08-10T20:00:04Z | https://wwd.com/eye/lifestyle/parisian-restaurant-mr-t-los-angeles-1235296137/ | true | 1 |
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The Island With Bear Grylls - S4 Ep. 2
Adventure
Air Date: Sat 20 Feb 2021Expires: in 11 months
The young group's campsite turns into a swamp in the rain. They join up with the olders but immediately there's a row.
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Home | https://10play.com.au/the-island-with-bear-grylls/episodes/season-4/episode-2/tpv210307tdshx | 2022-08-10T20:05:25Z | https://10play.com.au/the-island-with-bear-grylls/episodes/season-4/episode-2/tpv210307tdshx | true | null |
Soldier’s assault suit against officers can proceed to trial
By BEN FINLEY
Associated Press
NORFOLK, Va. (AP) — A federal judge says a U.S. Army lieutenant can go to trial against police officers in Virginia whose traffic stop drew national attention and outrage. Caron Nazario was pepper-sprayed, struck and handcuffed in the town of Windsor after driving slowly to a well-lit service station a mile down the road. Judge Roderick Young ruled that Nazario can present a jury with his claims of false imprisonment, assault and battery and illegal search under Virginia law. But the judge says federal immunity laws shield the officers from claims that their treatment of the Black and Hispanic soldier violated the U.S. Constitution. | https://keyt.com/news/2022/08/10/soldiers-assault-suit-against-officers-can-proceed-to-trial/ | 2022-08-10T20:05:41Z | https://keyt.com/news/2022/08/10/soldiers-assault-suit-against-officers-can-proceed-to-trial/ | false | null |
Noah Gragson finally earned a promotion to NASCAR's top level and will drive for Petty GMS next season.
Gragson will replace Ty Dillon in the No. 42 Chevrolet beginning with next season's exhibition race at Los Angeles Memorial Coliseum. He will be teammates with Erik Jones, who recently signed an extension to continue with the team that launched this year when GMS Racing moved up to the Cup Series by merging with Richard Petty Motorsports.
The promotion to NASCAR's top series puts Gragson with another one of NASCAR's greats. He drove in the Truck Series for two-time Cup champion Kyle Busch and has spent four seasons driving in the Xfinity Series for JR Motorsports, the team co-owned by Hall of Famer Dale Earnhardt Jr.
Now he'll drive for Richard Petty, the seven-time NASCAR champion and Hall of Famer. Petty sat next to Gragson at Wednesday's announcement.
Gragson, a 24-year-old from Las Vegas, said being able to “officially say I will be competing full-time in the NASCAR Cup Series is a dream come true.”
“With where I am at right now with my racing career and JR Motorsports, how that operation is run, the whole atmosphere they have... that's kind of what I see over here at Petty GMS,” Gragson said. “It's a family atmosphere, great people, great leaders, and for a 24-year-old guy, for them to take the opportunity and want to hire me, it is truly humbling.”
Gragson is currently fourth in the Xfinify Series standings, with three wins and a guaranteed spot in the playoffs. He made it to the championship finale last season and finished a career-best third in the standings. Gragson has eight career victories in 123 Xfinity Series starts.
“We’re excited to have Noah join the Petty GMS family and climb in the No. 42 next season,” said Petty, chairman of the team. “Noah’s proven he can win in the Truck and Xfinity Series and compete for championships, and we know he will bring that same fire with him to Petty GMS next season.”
His promotion to the top level has been slower than he'd like, though, likely because of Gragson's tumultuous time on and off the track. He's an aggressive driver who Earnhardt Jr. has told to calm down in the past, and he's also physically sparred with rivals after a race.
Gragson has been given a part-time schedule in the Cup Series this year with Beard Motorsports, a team owned by Las Vegas natives, and made his Daytona 500 debut in February. He has nine starts this season with a best finish of 18th at Kansas.
“Noah has shown tremendous talent throughout his career,” Petty GMS Owner Maury Gallagher said in a statement. “I’ve watched Noah from a young age competing on the West Coast to now competing at NASCAR’s top level and he’s shown the commitment, desire and ability to win at every level.
"As we move in to our second year of competition in the Cup Series, Noah is a great fit for our organization and I think with Erik and his experience, the two will prove to be contenders each week.”
___
More AP auto racing: https://apnews.com/apf-AutoRacing and https://twitter.com/AP_Sports | https://www.lakecountystar.com/sports/article/Noah-Gragson-to-move-to-Cup-Series-in-2023-with-17364954.php | 2022-08-10T20:07:10Z | https://www.lakecountystar.com/sports/article/Noah-Gragson-to-move-to-Cup-Series-in-2023-with-17364954.php | false | 11 |
Shafaq News/ On Wednesday, the Shiite Coordination Framework (CF) confirmed that it would proceed with forming a new government.
The CF’s statement comes hours after the leader of the Sadrist Movement, Muqtada al-Sadr, called the Supreme Judicial Council to dissolve parliament within the next week.
During a meeting for its forces, the CF discussed the political process in Iraq, foremost dialogues among the national forces to achieve the constitutional dues, including forming a government and choosing a new President of the Republic.
The CF parties affirmed their “respect” for the official institutions and the judicial and legislative authority.
They also called the political forces to "work together to preserve the democratic gains and continue dialogues to reach solutions to the current crisis and form a government able to overcome the challenges, especially in the field of energy and water scarcity and approving the federal budget.
The Framework called on the Iraqi masses to support “all legal and constitutional steps to form a government and defend the democratic path” in Iraq.
Earlier today, Al-Sadr urges the Iraqi judiciary to dissolve the parliament before the next weekend
Al-Sadr urged the chairperson of the Supreme Judicial Council to take action following the expiration of the constitutional deadlines for naming a president and a prime minister.
"I am addressing the Iraqi judiciary that we hope it does it right, albeit political and security pressures and leaks here and there, by dissolving the parliament by the next weekend and authorizing the president of the republic to decide a date for an early election under a set of conditions we will announce later," he continued.
Al-Sadr warned that the "rebels will have a different stance if the people get disappointed once again," asking "the rebels, the members of the resigned Sadrist bloc, and other lawmakers to file complaints before the federal court via the committee in charge of the sit-ins."
Protesters rallied by al-Sadr and his Sadrist Movement tore down concrete barriers and entered the Green Zone, which houses government departments and foreign missions, before breaking into parliament and starting an open-ended sit-in last month. | https://www.shafaq.com/en/Iraq-News/CF-to-proceed-in-forming-a-new-government | 2022-08-10T20:08:21Z | https://www.shafaq.com/en/Iraq-News/CF-to-proceed-in-forming-a-new-government | true | 1 |
SHAFAQNA- FIFA ticket sales site refers to ‘Occupied Palestinian territories’, not Israel.
Israelis who wanted to reserve their tickets for the 2022 FIFA World Cup in Qatar didn’t find Israel on the list of countries, but were offered “Occupied Palestinian territories” as their location instead.
Israelis were allowed to travel to Qatar to attend football matches from November 21 to December 18, 2022, despite Doha not having diplomatic ties with the Jewish state.
However, Israel was noticeably omitted from the FIFA site reservation page, although there is no other way to buy tickets other than through this intermediary.
Source :i24news
READ MORE FROM SHAFAQNA:
Dohanewss: Israel’s blockade leaves little hope for Gazan fans to attend Qatar World Cup | https://en.shafaqna.com/276078/fifa-world-cup-site-replaces-israel-with-occupied-palestinian-territories/ | 2022-08-10T20:10:30Z | https://en.shafaqna.com/276078/fifa-world-cup-site-replaces-israel-with-occupied-palestinian-territories/ | false | null |
WACO, Texas — A Little League batter rose from a beaning to console the upset pitcher in a dramatic scene at a Little League regional tournament game Tuesday in Waco, Texas.
The incident happened during a Little League Southwest Regional Playoff final.
Righthander Kaiden Shelton of Pearland, Texas, was facing batter Isaiah Jarvis of Tulsa, Oklahoma, Tuesday when an 0-2 pitch got away from him and slammed into Jarvis' helmet. Jarvis fell to the ground clutching his head as his concerned coaches ran to his aid.
After a few moments, Jarvis' head cleared enough for him to walk unaided to first base. Meantime, Shelton stood on the mound staring at the ground in tears over what happened.
After a moment, Jarvis walked to the mound and put his arms around Shelton, telling him, “Hey, you're doing great. Let's go.”
Shelton's teammates and coach gathered around the pair to join in consoling the young righty.
The gesture drew a standing ovation. Pearland went on to beat Tulsa 9-4 and advance to the Little League World Series in Williamsport, Pennsylvania, starting next week.
'I could hardly breathe' | Pearland pitcher reflects on hitting his friend in the head with a pitch
KHOU 11 reporter Xavier Walton caught up with pitcher Kaiden Shelton (who goes by 'Bubs') when he got back to Pearland after the game. He asked what was going through his head after he realized he hit Jarvis.
As it turns out, the two had become friends before the game even started.
"Like, two days ago, I walked into their room because the door was open and I picked up a brownie and threw it at the wall. We just became friends after that," Bubs said. "And now I'm friends with the whole team."
Bubs said he was happy that his new friend wasn't badly hurt but upset at himself for hitting a batter.
"I could hardly breathe, honestly, at that point. And he came over and he hugged me and he told me I got this and he was, like, 'Take deep breaths and just think happy thoughts,'" Kaiden Shelton said. "It made me feel happy, and at the same time sad because I hit him."
Bubs said he talked to Jarvis after the game and his friend/foe told him to go win it all. It's safe to say the Oklahoma team will be rooting on Pearland in the LLWS. | https://www.wfmynews2.com/article/sports/little-league-batter-hit-by-pitch-rises-to-console-upset-pitcher/530-8591b52f-9336-4263-997f-05cfd42fa055 | 2022-08-10T20:11:24Z | https://www.wfmynews2.com/article/sports/little-league-batter-hit-by-pitch-rises-to-console-upset-pitcher/530-8591b52f-9336-4263-997f-05cfd42fa055 | false | 23 |
WINNIPEG, MB, Aug. 10, 2022 /PRNewswire/ - Pollard Banknote Limited (TSX: PBL) ("Pollard") today released its financial results for the three and six months ended June 30, 2022 and announced the reappointment of Dr. Jerry Gray to the Board of Directors.
Results and Highlights for the Second Quarter ended June 30, 2022
- Sales reached $115.9 million, up 2.2% from the second quarter of 2021
- Combined sales(1) in the quarter, including our share of our NeoPollard Interactive LLC ("NPi") joint venture's sales, reached $128.3 million, up 4.1% from the $123.3 million achieved in 2021
- Income from operations was $8.7 million, compared to $12.1 million in the second quarter of 2021. A significant factor impacting the decline was the receipt of $3.2 million in Canada Emergency Wage Subsidy ("CEWS") in 2021, recorded as other income, compared to $nil received in 2022
- Adjusted EBITDA(1) achieved in the second quarter of 2022 of $18.9 million decreased from $22.6 million in the second quarter of 2021, also reflecting the reduction in CEWS received relative to 2021 of $3.2 million
- NPi continued to demonstrate strong organic growth when compared to the second quarter of 2021, and both NPi and the Michigan iLottery operation have grown sequentially over the past year, achieving our second highest quarterly margin of $7.5 million
- Charitable gaming and eGaming systems businesses continue to experience unprecedented demand, achieving strong revenues and earnings
- Our instant ticket production and sales volumes were negatively impacted due to a number of factors including staffing and production challenges
- Retail sales of instant ticket products remain at strong levels
- Ongoing inflationary cost increases on our key instant ticket inputs (paper, ink and freight) continue to negatively impact margins
- Our strategy of increased selling prices on contract extensions and RFP's is seeing success in its early roll out and will help mitigate our current margin pressures in the quarters to come
- Effective immediately, our former Director Dr. Jerry Gray has been reappointed to serve as a Director until the May 2023 Annual General Meeting
"Our second quarter results are comparable with our first quarter of 2022, reflecting the strong demand in our main product categories," declared John Pollard, Co-Chief Executive Officer. "In particular our charitable gaming businesses, including eGaming systems, and our iLottery operations generated very strong results again, combining strong revenue with effective cost management to produce very positive margins."
"Our largest business remains instant tickets, and we continued to see challenges in this area, notwithstanding the ongoing significant demand from our lottery customers. Increases in the prices of key inputs such as paper, ink and freight began in the later part of 2021 and continued with greater effect in the second quarter, with some further increases expected in the third and fourth quarters of 2022. The nature of our instant ticket contracts includes longer terms (averaging around four years) with primarily fixed prices for the entirety of the term and, as such, it is very difficult to pass on large input cost increases immediately."
"However, one of our key strategies to offset these input cost increases is to raise our selling prices during contract extensions and RFP's as they come up for bid. Although our average length of contract is in the four year range, a number of significant contracts are up for extension or rebid in 2022. While still early in the process, we have had a number of successes and indications from the lottery market of higher selling prices being accepted. Often these new contracts don't start until a few months into the future so while we may not see significant immediate positive impact to our margins, the foundation is being set for improved margins over time. In the immediate term, we continue to execute other strategies to help mitigate the significant input cost increases as well."
"Our second quarter instant ticket production volume fell short of our budget by approximately 8-10% and was lower than our record production volume achieved in the first quarter of this year. A number of factors negatively impacted our production volume including: continuing challenges recruiting and retaining entry level staff, increased staffing challenges with a higher number of call-outs and absences impacting efficiency, a higher number of unexpected mechanical and production issues, and greater complexity of work as we start into our specialty season. Our sales volumes were also lower than budget reflecting the lower production volume, further negatively impacting our margins."
"We are focused on increasing our production volumes going forward as this is one of our best levers to help mitigate the higher input costs associated with our instant tickets. We believe a number of initiatives we have implemented will address the issues experienced in the second quarter and expect our production numbers to be higher in the third quarter and beyond."
"Demand for all of our main products remains very strong," remarked Doug Pollard, Co-Chief Executive Officer. "Instant ticket sales at retail remain at the high levels experienced in the first quarter of 2022, and as a result our lottery orders also remain very strong. Charitable gaming, including our eGaming systems solutions, are also seeing very strong consumer demand and our iLottery financial results achieved its second highest quarterly results ever. Lotteries are increasingly looking at new and innovative methods to provide exciting gaming opportunities to their customers, such as in-lane purchasing solutions and new game content, and Pollard is well positioned to take advantage of these new opportunities."
"Charitable gaming and eGaming systems results continue to be very strong as consumer demand remains very robust. Our pull-tab and bingo paper business generated significant positive results again in the second quarter as sales demand allows us to sell everything we produce and we continue to focus on increasing our production capacity. Strong margins reflect the strength of the current demand and our ability to pass on cost increases in this particular area."
"eGaming systems (including our Diamond Game and Compliant Gaming brands) continue to achieve record results through the use of expanded game content on our devices, including the use of progressive jackpots in certain jurisdictions, improved game content and increased installation of machines, including additional sites. As charities look to expand their involvement in eGaming, we believe Pollard is uniquely situated to capitalize on these opportunities."
"Our iLottery operations achieved significant growth when compared to the second quarter of 2021 and sequentially over the last few quarters. The $7.5 million margin earned from all of our iLottery contracts is second only to the first quarter of 2021, which experienced a very large double jackpot run. Strong gross gaming revenue growth was attained in Virginia and Alberta. And Michigan continues its steady recent growth, with margins the highest in the last four quarters, along with good cost control also contributing positively."
"We remain very excited about our business and the opportunities before us," concluded John Pollard. "While it will take time to absorb our unprecedented key input cost increases and return our instant ticket margins to their historic levels through higher selling prices, we have already seen the market accepting higher pricing during contract extensions and RFP's and we believe this will continue. And our remaining businesses including charitable gaming, eGaming systems and iLottery remain extremely strong with expectations this will continue to provide growth in the future."
Dr. Jerry Gray reappointed Independent Director
Pollard is pleased to announce today the reappointment of Dr. Jerry Gray as an Independent Director of Pollard effective immediately.
Dr. Gray had previously served as a Director of Pollard and its preceding businesses from the time of the initial IPO in 2005 until his retirement in 2021. During that time, he was an integral part of the leadership team and provided significant counsel to Pollard's senior management.
He has agreed to be reappointed to the Board of Directors on an interim basis until a permanent Director will be elected, which is anticipated to occur at the May 2023 annual general meeting.
Dr. Gray's extensive experience and knowledge of Pollard will be extremely helpful in moving the business forward and he will also be joining the Audit, Compensation and Governance and Nominating Committees immediately.
In addition to his 16 years serving on the Board of Pollard, Jerry is Dean Emeritus of the I. H. Asper School of Business at the University of Manitoba where he also held the CA Manitoba Endowed Chair in Business Leadership. He is Past Chair of the Winnipeg Regional Health Authority and a former director and Chairman of the Board of Directors of Gendis, Inc. He has consulted with many major corporations in the United States and Canada in the areas of motivation, organizational design, manpower planning, managing change, management development, incentive system design, customer service and strategic planning.
Gordon Pollard, Chairman of Pollard, stated, "Jerry is a tremendous resource and possesses a wealth of knowledge from his sixteen years of previous service to our business and we are very pleased he has agreed to join the board on an interim basis. We will continue to invest the time and resources to identify the right high-quality candidate for election to our Board of Directors and anticipate we will put forward for election a permanent independent director at the annual general meeting in May 2023. Until that time, Jerry will provide his keen insight to help Pollard continue to excel in a seamless manner from both a business and a corporate governance perspective."
Jerry Gray commented, "I am thrilled to be able to assist Pollard again through my participation as a Director on the Board and I look forward to helping the leadership team continue its successful growth, particularly given the exciting opportunities that exist at this time in both the lottery and charitable gaming markets."
Use of GAAP and Non-GAAP Financial Measures
The selected financial and operating information has been derived from, and should be read in conjunction with, the unaudited condensed consolidated financial statements of Pollard as at and for the three and six months ended June 30, 2022. These financial statements have been prepared in accordance with the International Financial Accounting Standards ("IFRS" or "GAAP").
Reference to "EBITDA" is to earnings before interest, income taxes, depreciation, amortization and purchase accounting amortization. Reference to "Adjusted EBITDA" is to EBITDA before unrealized foreign exchange gains and losses, and certain non-recurring items including acquisition costs, litigation settlement costs, contingent consideration fair value adjustments and insurance proceeds (net). Adjusted EBITDA is an important metric used by many investors to compare issuers on the basis of the ability to generate cash from operations and management believes that, in addition to net income, Adjusted EBITDA is a useful supplementary measure.
Reference to "Combined sales" is to sales recognized under GAAP plus Pollard's 50% proportionate share of NeoPollard Interactive LLC's ("NPi") sales, its iLottery joint venture operation. Reference to "Combined iLottery sales" is to sales recognized under GAAP for Pollard's 50% proportionate share of its Michigan Lottery joint iLottery operation plus Pollard's 50% proportionate share of NPi' s sales, its iLottery joint venture operation.
EBITDA, Adjusted EBITDA, Combined sales and Combined iLottery sales are measures not recognized under GAAP and do not have a standardized meaning prescribed by GAAP. Therefore, these measures may not be comparable to similar measures presented by other entities. Investors are cautioned that EBITDA, Adjusted EBITDA, Combined sales and Combined iLottery sales should not be construed as alternatives to net income or sales as determined in accordance with GAAP as an indicator of Pollard's performance or to cash flows from operating, investing and financing activities as measures of liquidity and cash flows.
Forward-Looking Statements
Certain statements in this report may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this document, such statements include such words as "may," "will," "expect," "believe," "plan" and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this document. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.
POLLARD BANKNOTE LIMITED
Pollard is one of the leading providers of products and solutions to lottery and charitable gaming industries throughout the world. Management believes Pollard is the largest provider of instant tickets based in Canada and the second largest producer of instant tickets in the world. In addition, management believes Pollard is also the second largest bingo paper and pull-tab supplier to the charitable gaming industry in North America and, through its 50% joint venture, the largest supplier of iLottery solutions to the U.S. lottery market.
On January 14, 2021, Pollard completed the acquisition of Next Generation Lotteries AS ("NGL"). On December 31, 2020, Pollard signed a definitive agreement to acquire 100% of the equity of NGL for a purchase price of €36.0 million ($56.5 million), prior to standard working capital adjustments and certain deferred cash considerations, of which €4.0 million ($5.9 million) will be paid upon the achievement of certain gross margin targets in 2021. The purchase price was funded from existing Pollard cash resources and availability under the existing credit facilities, and the issuance of treasury shares of Pollard for approximately €5.2 million ($8.0 million).
Results of Operations – Three months ended June 30, 2022
During the three months ended June 30, 2022, Pollard achieved sales of $115.9 million, compared to $113.4 million in the three months ended June 30, 2021. Factors impacting the $2.5 million sales increase were:
- eGaming systems revenue increased sales by $3.0 million, largely due to a higher number of eGaming machines placed at charitable establishments as compared to 2021.
- The higher average selling price of charitable games in 2022 also increased sales by $2.7 million, as we have been able to pass along inflationary cost increases to our charitable gaming customers.
- Charitable gaming sales volumes were lower in the second quarter of 2022 when compared to the record high pull-tab sales volumes achieved in the second quarter of 2021, decreasing sales by $1.7 million. Despite ongoing similar strong demand in 2022, 2021 sales volumes were boosted by additional sales from pre-existing inventory.
- A higher instant ticket average selling price increased sales by $2.1 million as compared to 2021 due to increased proprietary product sales. This increase was partially offset by a decrease in instant ticket sales volumes in 2022, which decreased sales by $1.3 million.
- Lower sales of ancillary lottery products and services decreased revenue by $3.8 million as compared to 2021. This decline was largely due to decreased sales of licensed products, partially offset by increased sales of digital products.
- Lower sales from Michigan iLottery also decreased revenue in 2022 by $0.7 million as compared to 2021.
- During the three months ended June 30, 2022, Pollard generated approximately 72.4% (2021 – 69.3%) of its revenue in U.S. dollars including a portion of international sales which are priced in U.S. dollars. During the second quarter of 2022, the actual U.S. dollar value was converted to Canadian dollars at $1.269, compared to a rate of $1.226 during the second quarter of 2021. This 3.5% increase in the U.S. dollar value resulted in an approximate increase of $2.8 million in revenue relative to the second quarter of 2021. In addition, during the quarter the value of the Canadian dollar strengthened against the Euro resulting in an approximate decrease of $0.6 million in revenue relative to the second quarter of 2021.
Cost of sales was $94.7 million in the second quarter of 2022 compared to $90.5 million in the second quarter of 2021. The increase of $4.2 million in cost of sales was primarily the result of inflationary pressures on raw material costs, increases in certain manufacturing overhead costs and higher exchange rates on U.S. dollar denominated expenses in 2022. Partially offsetting these increases were decreases in instant ticket and licensed product sales volumes as compared to the second quarter of 2021.
Gross profit was $21.2 million (18.3% of sales) in the second quarter of 2022 compared to $22.9 million (20.2% of sales) in the second quarter of 2021. This decrease of $1.7 million in gross profit was primarily a result of lower instant ticket production volumes, lower instant ticket sales margins, due to a less profitable customer mix and increased manufacturing costs, including the impact of inflation, and lower Michigan iLottery sales as compared to 2021. These decreases were partially offset by the increases in eGaming systems, charitable gaming, and digital product sales as compared to 2021. The lower gross margin percentage was largely due to the impact of inflationary cost increases of instant ticket inputs and lower Michigan iLottery sales, partially offset by increases in eGaming systems, charitable gaming and digital product sales.
Administration expenses were $12.3 million in the second quarter of 2022 and $11.1 million in the second quarter of 2021. Increased compensation and travel related costs incurred in the second quarter of 2022 were partially offset by a reduction in acquisition costs.
Selling expenses increased to $4.5 million in the second quarter of 2022 from $4.2 million in the second quarter of 2021. The increase was primarily due to increased customer contract costs incurred in the second quarter of 2022.
Pollard's share of income from its 50% owned iLottery joint venture, NPi, increased to $5.1 million in the second quarter of 2022 from the $2.5 million achieved in the second quarter of 2021. Contracts held by NPi continued to experience organic growth throughout the second quarter of 2022, increasing NPi's revenue as compared to 2021.
Other expenses were $0.8 million in the second quarter of 2022 compared to $2.0 million of other income achieved in the second quarter of 2021. This change of $2.8 million was primarily due to the reduction in CEWS, as Pollard received $nil in the second quarter of 2022 as compared to $3.2 million received in the second quarter of 2021. Partially offsetting this reduction in other income was the decrease in the contingent consideration fair value adjustment expense, as part of our Compliant acquisition, of $0.4 million as compared to 2021.
The net foreign exchange loss was $2.6 million in the second quarter of 2022 compared to a net foreign exchange gain of $0.7 million in the second quarter of 2021. The 2022 net foreign exchange loss of $2.6 million consisted of an unrealized foreign exchange loss of $2.4 million, primarily a result of the increased Canadian equivalent value of U.S. dollar denominated accounts payable and long-term debt due to the weakening of the Canadian dollar relative to the U.S. dollar. In addition, Pollard incurred a realized foreign exchange loss of $0.2 million, primarily due to foreign currency denominated accounts receivable collected being converted into Canadian dollars at unfavorable foreign exchanges rates.
The 2021 net foreign exchange gain of $0.7 million resulted in part from a $1.6 million unrealized foreign exchange gain, comprised predominately of an unrealized gain on U.S. dollar denominated accounts payable and long-term debt due to the strengthening of the Canadian dollar. This unrealized gain was partially offset by an unrealized loss on U.S. dollar denominated accounts receivable. Partially offsetting this unrealized gain was a $0.9 million realized foreign exchange loss as a result of foreign currency denominated accounts receivable collected being converted into Canadian dollars at unfavorable foreign exchange rates.
Adjusted EBITDA decreased to $18.9 million in the second quarter of 2022 compared to $22.6 million in the second quarter of 2021. The primary reasons for the $3.7 million decrease in Adjusted EBITDA include the reduction in other income (net of contingent consideration) of $3.2 million, largely due to the reduction in CEWS proceeds received as compared to 2021. Also contributing to this decrease is the reduction in gross profit of $1.9 million (net of amortization and depreciation), primarily due to lower instant ticket production volumes, lower instant ticket sales margins, including the impact of inflation, and lower Michigan iLottery sales, partially offset by the increases in eGaming systems, charitable gaming and digital product sales as compared to 2021. The increase in administration costs (net of acquisition costs) of $1.6 million and the increase in selling costs of $0.3 million also decreased Adjusted EBITDA in comparison to 2021. Partially offsetting these decreases to Adjusted EBITDA were an increase in equity investment income of $2.6 million and the lower realized foreign exchange loss of $0.7 million.
Interest expense increased to $2.1 million in the second quarter of 2022 from $1.1 million in the second quarter of 2021, primarily due to the increase in interest accretion on the discounted contingent consideration liability relating to the Compliant purchase of $0.5 million and an increase in interest rates, partially offset by a decrease in average long-term debt outstanding as compared to 2021.
Amortization and depreciation, including depreciation of property and equipment and the amortization of intangible assets, totaled $9.7 million during the second quarter of 2022 which decreased from $9.9 million during the second quarter of 2021. This decrease of $0.2 million was largely due to certain intangibles becoming fully amortized during 2021, which was partially offset by depreciation and amortization taken on newly acquired property, plant and equipment, and intangible assets.
Income tax expense was $1.5 million in the second quarter of 2022, an effective rate of 38.2%, which was higher than our domestic rate of 27.0% due primarily to the changes enacted with regards to the United Kingdom's corporation tax rates and the effect of non-taxable items related to foreign exchange, partially offset by the effect of the lower federal income tax rates in the United States.
Income tax expense was $4.0 million in the second quarter of 2021, an effective rate of 34.2%, higher than our domestic rate of 27.0% due primarily to the tax effect of unrecognized non-capital losses and non-deductible expenses. Partially offsetting these increases in effective rate were the lower federal income tax rates in the United States.
Net income was $2.5 million in the second quarter of 2022 compared to $7.7 million in the second quarter of 2021. The decrease in net income of $5.2 million was due primarily to the increase in other expenses of $2.8 million, largely due to the reduction in CEWS proceeds received as compared to 2021 of $3.2 million, and the increase in net foreign exchange loss of $3.3 million. The decrease in gross profit of $1.7 million also reduced net income as compared to 2021, primarily due to lower instant ticket production volumes, lower instant ticket sales margins, including the impact of inflation, and lower Michigan iLottery sales, but partially offset by the increases in eGaming systems, charitable gaming and digital product sales. Other factors contributing to the decrease in net income were the increase in administration expenses of $1.2 million, the increase in interest expense of $1.0 million and the increase in selling expenses of $0.3 million. Partially offsetting these decreases to net income were the increase in equity investment income of $2.6 million and a decrease in income tax expense of $2.5 million.
Net income per share (basic and diluted) decreased to $0.09 per share in the second quarter of 2022 from $0.29 per share in the second quarter of 2021.
Results of Operations – Six months ended June 30, 2022
During the six months ended June 30, 2022, Pollard achieved sales of $229.8 million, compared to $225.6 million in the six months ended June 30, 2021. Factors impacting the $4.2 million sales increase were:
- Higher eGaming systems revenue increased sales by $6.0 million due primarily to more retail establishments being open for the first two quarters of 2022 as compared to 2021, when a number of jurisdictions had closed retail establishments where eGaming machines are placed due to COVID-19, particularly during the first quarter of 2021. In addition, a higher number of eGaming machines placed at charitable establishments as compared to 2021 further contributed to the increase in eGaming systems sales.
- The higher average selling price of charitable games in the first two quarters of 2022 also increased sales by $5.5 million, as we have been able to pass along inflationary cost increases to our customers.
- Charitable gaming sales volumes were lower in the first two quarters of 2022 when compared to the record high pull-tab sales volumes achieved in the first half of 2021, decreasing sales by $2.5 million. Despite ongoing similar strong demand in 2022, 2021 sales volumes were boosted by additional sales from pre-existing inventory.
- Michigan iLottery sales were lower by $3.2 million as compared to 2021, when Michigan iLottery sales were higher as a result of a double jackpot run in the first quarter of 2021.
- A lower instant ticket average selling price decreased sales by $1.6 million as compared to 2021 due to lower margin customer mix, partially offset by increased proprietary product sales. This decrease was partially offset by an increase in instant ticket sales volumes in 2022, which increased sales by $0.3 million. Lower sales of ancillary lottery products and services decreased revenue by $1.7 million, largely due to decreased sales of licensed products, partially offset by increased sales of digital and loyalty products.
- During the six months ended June 30, 2022, Pollard generated approximately 71.5% (2021 – 69.7%) of its revenue in U.S. dollars including a portion of international sales which are priced in U.S. dollars. During the first six months of 2022 the actual U.S. dollar value was converted to Canadian dollars at $1.269, compared to a rate of $1.249 the first six months of 2021. This 1.6% increase in the U.S. dollar value resulted in an approximate increase of $2.6 million in revenue relative to the first six months of 2021. In addition, during the first six months of 2022, the value of the Canadian dollar strengthened against the Euro resulting in an approximate decrease of $1.2 million in revenue relative to the first six months of 2021.
Cost of sales was $186.6 million in the six months ended June 30, 2022, compared to $177.9 million in the six months ended June 30, 2021. This increase of $8.7 million was primarily a result of inflationary pressures on raw material costs, increases in certain manufacturing overhead costs and higher exchange rates on U.S. dollar denominated expenses in 2022. Partially offsetting these increases were decreases in ancillary lottery products and services sales, and charitable gaming sales volumes as compared to 2021.
Gross profit decreased to $43.2 million (18.8% of sales) in the six months ended June 30, 2022, from $47.7 million (21.1% of sales) in the six months ended June 30, 2021. This decrease in gross profit of $4.5 million was primarily the result of lower instant ticket sales margins, due to a less profitable customer mix, lower Michigan iLottery sales and increased manufacturing costs, including the impact of inflation, as compared to 2021. This decrease was partially offset by increases in eGaming systems, charitable gaming and digital product sales, which increased gross profit as compared to 2021. The lower gross margin percentage was largely due to the change in the mix of instant tickets sales to lower margin customers, lower Michigan iLottery sales and the impact of inflationary cost increases, partially offset by increases in eGaming systems, charitable gaming and digital product gross margins as compared to 2021.
Administration expenses increased to $24.3 million in the first six months of 2022 from $23.2 million in the first six months of 2021. The increase of $1.1 million was primarily a result of increased compensation, professional fees and travel related costs, partially offset by a reduction in acquisition costs.
Selling expenses increased to $9.0 million in the first six months of 2022 from $8.1 million in the first six months of 2021. The increase was primarily due to increased customer contract costs and higher compensation expenses.
Pollard's share of income from NPi increased to $9.0 million in the first six months of 2022 from $6.5 million in 2021. This $2.5 million increase was primarily due to increased organic growth achieved on contracts held by NPi throughout the first two quarters of 2022, increasing NPi's revenue as compared to 2021.
Other expenses were $0.8 million in the first six months of 2022 compared to $1.5 million of other income in 2021. This change of $2.3 million was partially due to Pollard receiving $nil CEWS in 2022 compared to $5.2 million received in 2021. However, in 2021, other income was partially offset by Pollard entering into an agreement for a one-time payment of $2.5 million to settle all aspects of certain litigation regarding a patent dispute relating to our instant ticket production. In addition, contingent consideration fair value adjustment expenses, as part of our Compliant acquisition, decreased by $0.2 million compared to 2021.
The net foreign exchange loss was $2.2 million in the first six months of 2022 compared to a net foreign exchange gain of $0.2 million in the first six months of 2021. The 2022 net foreign exchange loss of $2.2 million resulted from a net unrealized foreign exchange loss of $1.7 million, comprised predominately of an unrealized loss on U.S. dollar denominated accounts payable and long-term debt due to the weakening of the Canadian dollar. In addition, Pollard experienced a realized foreign exchange loss of $0.5 million as a result of foreign currency denominated accounts receivable collected being converted into Canadian dollars at unfavorable foreign exchange rates.
The 2021 net foreign exchange gain of $0.2 million resulted from a net unrealized foreign exchange gain of $2.5 million, comprised predominately of an unrealized gain on U.S. dollar denominated accounts payable and long-term debt due to the strengthening of the Canadian dollar. Partially offsetting the unrealized gain was a $2.3 million realized foreign exchange loss as a result of foreign currency denominated accounts receivable collected being converted into Canadian dollars at unfavorable foreign exchange rates.
Adjusted EBITDA decreased to $37.9 million in the first six months of 2022 compared to $45.9 million in the first six months of 2021. The primary reasons for the decrease of $8.0 million include the decrease in gross profit (net of amortization and depreciation) of $4.3 million, primarily the result of lower instant ticket sales margins, due to a less profitable customer mix, increased manufacturing costs, including the impact of inflation, and lower Michigan iLottery sales, partially offset by increases in eGaming systems, charitable gaming and digital product sales as compared to 2021. Other factors contributing to the decrease in Adjusted EBITDA include the reduction in other income (net of contingent consideration and litigation settlement) of $5.1 million, primarily due to the reduction in CEWS received of $5.2 million, higher administration expenses (net of acquisition costs) of $2.1 million and higher selling expenses of $0.9 million. These decreases were partially offset by the increase in equity investment income of $2.5 million and the reduction in realized foreign exchange loss of $1.9 million.
Interest expense increased to $3.9 million in the first six months of 2022 from $2.2 million in the first six months of 2021, primarily as a result of the increase in interest accretion on the discounted contingent consideration liability relating to the Compliant purchase of $1.3 million. Higher interest rates in 2022 also contributed to the increase in interest expense, partially offset by a decrease in average long-term debt outstanding as compared to 2021.
Amortization and depreciation, including amortization of intangible assets and depreciation of property and equipment, totaled $19.4 million during the first six months of 2022 which increased from $19.2 million during the first six months of 2021. The increase of $0.2 million was primarily as a result of amortization and depreciation taken on newly acquired property, plant and equipment, and intangible assets, partially offset by the reduction in amortization expense due to certain intangibles becoming fully amortized during 2021.
Income tax expense was $3.1 million in the first six months of 2022, an effective rate of 26.0%, which was lower than our domestic rate of 27.0% due primarily to the effect of the lower federal income tax rates in the United States, partially offset by changes enacted with regards to the United Kingdom's corporation tax rates and the effect of non-taxable items related to foreign exchange.
Income tax expense was $7.3 million in the first six months of 2021, an effective rate of 32.4%, which was higher than our domestic rate of 27.0% due primarily to the tax effect of unrecognized non-capital losses and non-deductible expenses. Partially offsetting these increases in effective rate were the lower federal income tax rates in the United States.
Net income decreased to $8.9 million in the first six months of 2022 from $15.1 million in the first six months of 2021. The primary reasons for the decrease of $6.2 million include the decrease in gross profit of $4.5 million, primarily the result of lower Michigan iLottery sales and lower instant ticket sales margins, due to a less profitable customer mix and increased manufacturing costs, including the impact of inflation, as compared to 2021. This decrease in gross profit was partially offset by increases in eGaming systems, charitable gaming and digital product sales as compared to 2021. Other factors contributing to the decrease in net income include the increase in administration expenses of $1.1 million, the increase in selling expenses of $0.9 million, the increase in other expenses of $2.3 million, the increase in interest expense of $1.7 million and the increase in net foreign exchange loss of $2.4 million. Partially offsetting these decreases were the increase in equity investment income of $2.5 million and the decrease in income tax expense of $4.2 million.
Net income per share (basic and diluted) decreased to $0.33 per share in the six months ending June 30, 2022, as compared to $0.56 per share in the six months ending June 30, 2021.
iLottery
Pollard and its iLottery partner, Neogames US LLP ("Neogames"), provide iLottery services to the North American Lottery market. In 2013, Pollard was awarded an iLottery contract from the Michigan Lottery. As a result, Pollard entered into a contract with Neogames to provide its technology in return for a 50% financial interest in the operation. Under IFRS, Pollard recognizes its 50% share in the Michigan Lottery contract in its consolidated statements of income in revenue and cost of sales.
In 2014 Pollard, in conjunction with Neogames, established NeoPollard Interactive LLC ("NPi"). All iLottery related customer contracts, excluding the Michigan Lottery iLottery contract, have been awarded to NPi. Under IFRS, Pollard accounts for its investment in its joint venture, NPi, as an equity investment. Under the equity method of accounting, Pollard recognizes its share of the income and expenses of NPi separately as equity investment income.
Beginning in the second quarter of 2020, with the onset of COVID-19, revenues from Pollard's contract with the Michigan Lottery increased substantially. Contracts held by NPi also experienced significant organic growth, in addition to the sales increase from the Virginia Lottery operation which added e-Instants on July 1, 2020. As well, NPi's contract with Alberta Gaming, Liquor & Cannabis ("AGLC"), went live with a limited product launch on September 30, 2020, with additional gaming verticals launching throughout 2021. The substantial jackpots for POWERBALL® and Mega Millions® awarded in the latter half of January 2021 further increased sales significantly in the fourth quarter of 2020 and the first quarter of 2021.
Sales and income before income taxes from our Michigan iLottery operation declined starting in the second quarter of 2021 due to reduced draw-based game sales after the double jackpots in the first quarter of 2021, increased online gaming competition and new pricing coming into effect with our four-year contract extension, starting at the beginning of 2021. In 2022, NPi continues to achieve strong organic growth, adding to sales and income before taxes.
Outlook
Overall demand for our main products and solutions is strong and we expect this to continue. Consumer demand for charitable gaming, eGaming systems and instant ticket products sold at retail have remained high throughout 2022. While the growth in instant ticket retail sales volumes have steadied after significant increases experienced during the pandemic, sales remain at the high levels attained throughout the first quarter of 2022. This retail demand has translated into significant orders from lotteries.
Our iLottery business is showing strong organic growth, both sequentially and in comparison to historic quarters, and we anticipate this will continue going forward. Michigan iLottery has demonstrated resilient incremental growth over the last four quarters despite the competitive environment with private iGaming operations. All of our contracts within NPi have also shown strong organic growth and we expect this to carry on.
Our current instant ticket production schedule reflects significant order volumes; however, challenges in the second quarter negatively impacted our production. We have initiated a number of actions to mitigate these challenges. As a result, we anticipate improved production volumes in future quarters, capitalizing on this order volume which will lead to higher sales volumes.
Inflationary increases, particularly as it relates to key instant ticket inputs, will continue to be a challenge. A significant portion of these cost increases have been implemented already in the first and second quarters of 2022; however, their full impact is still being absorbed in our results. We are working diligently on a number of strategies to offset these increases, including investigating potential alternate sources for key inputs, increasing production output, expanding capacity and most important among these, bidding at higher selling prices on contract extensions and RFP's as they come available. We will continue to pursue this higher selling price strategy and are so far very encouraged at the acceptance by the market of this strategy in a number of jurisdictions. Higher selling prices are a critical component of recovering these significant cost increases and achieving appropriate gross margins.
Helping to mitigate margin pressure, our charitable and eGaming businesses are expected to produce strong financial results, due to high levels of consumer demand and our ability to pass along cost increases.
We continue to make great strides with investing in our business through increasing our resources, expanding our product portfolio and investing in the technological solutions our lottery and charitable gaming customers require. We remain very excited about the strength of demand for our products and solutions, and are confident our strategies will allow us to improve our instant ticket margins. This, combined with strong results in many other areas of our business, will allow us to return to levels of profitability reflective of the value of our company.
"We were also disappointed in oOur second quarter instant ticket production volume, as it fell short of our budget by approximately 8-10% and was lower than our record production volume achieved in the first quarter of this year. A number of factors negatively impacted our production volume including: continuing challenges recruiting and retaining entry level staff, increased staffing challenges with a higher number of call-outs and absences impacting efficiency, a higher number of unexpected mechanical and production issues, and greater complexity of work as we start into our specialty season. Our sales volumes were also lower than budget reflecting the lower production volume, further negatively impacting our margins."
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SOURCE Pollard Banknote Limited | https://www.13abc.com/prnewswire/2022/08/10/pollard-banknote-reports-2nd-quarter-financial-results-reappointment-independent-director/ | 2022-08-10T20:15:38Z | https://www.13abc.com/prnewswire/2022/08/10/pollard-banknote-reports-2nd-quarter-financial-results-reappointment-independent-director/ | false | 12 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nba/washington-wizards/articles/40355494 | 2022-08-10T20:16:50Z | https://sportspyder.com/nba/washington-wizards/articles/40355494 | true | null |
Hot on the heels of the announcement (opens in new tab) of its new AI Machine Modeling technology, IK Multimedia has unveiled a new software "ecosystem" called Tonex, which is designed to go hand in hand with the new tech.
While the AI Machine Modeling itself lets electric guitar players model the sound of any of their guitar amps, cabs or gain pedals, the Tonex software lets users turn those models into a plugin.
IK's AmpliTube Tonex consists of four products in total – Tonex for Mac/PC, the Tonex app, Tonex in ToneNET and Tonex Capture.
Tonex for Mac/PC works as a standalone or as plugin for all the major DAWs for guitarists, and has two main sections: the Machine Modeler, where the AI Machine Modeling Tone Models are captured and generated, and the Player, where the Tone Models can be searched, browsed, played and their sound customized.
The Player features a sound-editing section with a full EQ, noise-gate, pre and post compressor, depth and presence controls, a high-quality reverb and VIR, the company's Volumetric Impulse Response technology, with multi-IRs per cabinet.
Amps and cabinets captured as Tone Models can also be separated, so users can experiment with their own IRs or use the VIR to access hundreds of virtual cabs and IRs. All of this can then be saved into a Tone Model preset.
Tonex for Mac/PC will be available in three versions with the same exact features, but a different number of Tone Models included – Tonex SE (200 Tone Models), Tonex (400 Tone Models), and Tonex MAX (1,000 Tone Models). A free version will also be available for sampling.
Next is the Tonex app, which is available both as a stand-alone app or as an AU plugin for all major mobile DAWs, and includes the same Player section as Tonex Mac/PC software. The Tonex App and Mac/PC software Tone Model library work in sync, so any user's collection of Tone Models can be played on any device.
Tonex SE will ring up at $/€99 until September (when its price will increase to $/€149), Tonex will be priced at $/€149 until September (with an increase to $/€249 afterwards), while Tonex MAX comes in at $/€249 until September, when its price will up to $/€399.
Tonex Capture, meanwhile, is available for $/€199 for now, with the price going up to $/€249 in September. Tonex SE is included with the purchase of Capture.
For more info on all things Tonex, visit IK Multimedia's website (opens in new tab). | https://www.guitarworld.com/news/ik-multimedia-amplitube-tonex-software | 2022-08-10T20:17:33Z | https://www.guitarworld.com/news/ik-multimedia-amplitube-tonex-software | false | 1 |
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DCP Midstream, LP Changes to Beneficial Ownership: Kimble William F (Director) (Form4)
Accepted:
Form Type:
4
Accession Number:
0001562180-22-005937 | https://www.benzinga.com/secfilings/22/08/28401577/dcp-midstream-lp-changes-to-beneficial-ownership-kimble-william-f-director-form4 | 2022-08-10T20:21:55Z | https://www.benzinga.com/secfilings/22/08/28401577/dcp-midstream-lp-changes-to-beneficial-ownership-kimble-william-f-director-form4 | false | 254241 |
Surgeries cancelled at Cambridge Memorial Hospital as staffing issues mount
Cambridge Memorial Hospital (CMH) has cancelled several surgeries over the last two days as staffing pressures combined with bed capacity limits put pressure on the overloaded system.
“We had to cancel some surgeries to create space for patients,” said CMH communications manager Stephan Beckhoff on Wednesday morning.
CMH confirmed a total of eight surgeries have been cancelled over the last two days, with six cancelled on Wednesday and two on Tuesday.
The hospital confirmed the cancelled surgeries were not cancer-related.
On Tuesday, CMH issued a warning telling people to expect long wait times in its emergency room.
The hospital warned on Tuesday wait times would be very high due to patient volumes, limited inpatient beds and ongoing staffing shortages.
Beckhoff confirmed to CTV News Kitchener some patients waited upwards of 13 hours Tuesday to receive treatment, depending on the severity of their case.
The hospital further confirmed it had 47 staff off work due to illness on Tuesday with 20 of those absences related to COVID-19.
The hospital currently has 174 job vacancies.
CMH held 22 admitted patients in the emergency room Tuesday morning— the highest-ever amount recorded by the hospital.
On Wednesday, the hospital held 13 in the emergency department.
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Draft speech on residential schools edited out blaming Ottawa for abuse: documents
Ottawa was careful to avoid admitting abuses Indigenous children suffered at residential schools happened 'at the hands of the federal government' in remarks prepared for a Liberal cabinet minister after the discovery of unmarked graves last year, documents show. | https://kitchener.ctvnews.ca/surgeries-cancelled-at-cambridge-memorial-hospital-as-staffing-issues-mount-1.6021949 | 2022-08-10T20:22:24Z | https://kitchener.ctvnews.ca/surgeries-cancelled-at-cambridge-memorial-hospital-as-staffing-issues-mount-1.6021949 | false | 2 |
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Severe Thunderstorm Warning issued for Jefferson, Lewis, Oswego by NWS
Effective: 2022-08-08 15:28:00 EDT Expires: 2022-08-08 16:30:00 EDT Urgency: Immediate Severity: Severe Certainty: Observed Instruction: For your protection move to an interior room on the lowest floor of a building. Torrential rainfall is occurring with these storms, and may lead to flash flooding. Do not drive your vehicle through flooded roadways. Target Area: Jefferson; Lewis; Oswego The National Weather Service in Buffalo has issued a * Severe Thunderstorm Warning for Southeastern Jefferson County in central New York Lewis County in central New York Eastern Oswego County in central New York * Until 430 PM EDT. * At 327 PM EDT, severe thunderstorms were located along a line extending from 7 miles east of Sandy Island Beach State Park to 9 miles southwest of Redfield, moving northeast at 40 mph. HAZARD...60 mph wind gusts. SOURCE...Radar indicated. IMPACT...Expect damage to trees and power lines. * Locations impacted include Watertown, Sandy Island Beach State Park, Fort Drum, Carthage, Lowville, Pulaski, West Carthage, Adams, Redfield and Glen Park. This includes Interstate 81 between exits 33 and 47. HAIL THREAT...RADAR INDICATED MAX HAIL SIZE...<.75 IN WIND THREAT...RADAR INDICATED MAX WIND GUST...60 MPH | https://www.newsbreak.com/news/2697186226200/heat-advisory-issued-for-eastern-albany-eastern-columbia-eastern-dutchess-by-nws | 2022-08-10T20:22:36Z | https://www.newsbreak.com/news/2697186226200/heat-advisory-issued-for-eastern-albany-eastern-columbia-eastern-dutchess-by-nws | false | 3 |
The Lezyne Micro Floor Drive Digital HPG is beautifully made and impressively effective, though unless you're travelling a lot and space is seriously at a premium, there are cheaper and/or lighter ways to get the job done.
You can frame mount this with the included bracket, though unless you just hate mini-pumps like they once turned your favourite puppy against you, I'm not sure why you'd want to. At 30cm long, around 6.5cm wide and 224g, it's considerably bigger and bulkier than a typical mini-pump.
The recently reviewed Velochampion Professional Bike Pump, for instance, is lighter at 146g, shorter at 22cm and still has a reversible chuck and a pressure gauge (it's analogue in this case, though).
The Lezyne isn't an especially quick pump to set up either, as you've got to unscrew the chuck (reversible to fit either Presta or Schrader) from the foot and then hold the very stiff gauge button for around four seconds to turn it on. It takes another long press to switch it off, though there's a fairly rapid auto-off if you forget. It's not a problem per se, just not ideal for emergency use in a rush, or in the rain...
The units can be switched between psi and bar, and it remembers your setting each time. The claimed maximum is 160psi, so it could also work for suspension tuning.
For my money, if you're not planning to fit this on the bike (or regularly pumping your tyres to 160psi), you're better off buying a normal track pump and benefiting from the extra volume and more easily used size... unless, of course, you're travelling with your bike. A lot. Especially if you're flying there.
The Micro Floor Drive comes into its own at that point, shifting lots of air quickly, giving you a live pressure readout and proving far, far easier to use – even from flat to high pressures – than a mini-pump, while not really being much larger than one as far as packing is concerned.
> 10 of the best bike bags and boxes – keep your bike safe when travelling
Up to around 45psi this easily adds 1psi per second to a 28mm road tyre, and it's really only at 50psi that resistance starts to rise. It generally took me another 75 seconds to add a second 45psi. So, two minutes overall from flat to 90psi.
Partly that's down to the extra resistance, but that's not especially bad – mostly it's down to having to find a comfortable hand position as you start working harder. The smooth, rounded handle is fine in itself, but the gold alloy tube can get uncomfortable between your fingers as you start to grip harder.
> How to choose the best bike tyre pressure – balancing speed, comfort and grip
I struggled to find a non-painful position for pushing down that would actually let me grip the tiny handle well enough to pull it back up. It can be fiddly. Eventually I found that using the heel of one hand to push, and one finger from the other wrapped underneath to pull, worked best for me.
The other end of the pump, with its fold-down steel footpeg, is at least completely faff-free and very secure, and you're not heating up your hand from compressing air because that's all occurring under your shoe. The height does mean it's easiest to use this while sitting down, mind you.
Value
Really, the only major, rather than niggling, issue with this pump is the price. Lezyne's own normal-sized Macro Floor Drive Digital Pump is usefully cheaper at £60, for instance.
> Buyer’s Guide: 10 of the best track pumps
At £89.99 it's up there with the Topeak JoeBlow Sport 2Stage, and that's a premium full-size design that can do both high pressures and high volumes (read our review here).
> Buyer’s Guide: The best mini-pumps
Vel's version of this – the AR Flow Travel Pump – is very similar for £40, although to be fair that does lack a gauge. Also, our tester Stu found the handle a bit uncomfortable.
Overall
This is a very well made and effective pump that's ideal for travel use. The handle could be better designed, though – and it's a pretty expensive way of solving a probably not very frequent problem.
Verdict
Very well made and efficient mini track pump that's ideal for travelling abroad
If you're thinking of buying this product using a cashback deal why not use the road.cc Top Cashback page and get some top cashback while helping to support your favourite independent cycling website
Make and model: Lezyne Micro Floor Digital Drive HP
Tell us what the product is for and who it's aimed at. What do the manufacturers say about it? How does that compare to your own feelings about it?
Lezyne says: "Providing floor pump performance in a portable package, the Micro Floor Drive Digital HPG is optimized for high-pressure applications and features a lightweight CNC-machined aluminum barrel, piston, base, and T-handle as well as a digital in-line pressure gauge. A stainless steel foot peg stabilizes the pump during use and its ABS Flip-Thread Chuck is both Presta and Schrader compatible."
Tell us some more about the technical aspects of the product?
Lezyne lists:
MAX:160psi/11bar
L: 300mm
208g
Digital display rounds PSI to the nearest whole number and bar is rounded to the nearest tenth.
Includes Composite Matrix Frame mount.
Rate the product for quality of construction:
9/10
Strong and impressively built.
Rate the product for performance:
8/10
Easily gets from zero to 90psi in two minutes.
Rate the product for durability:
9/10
Rate the product for weight (if applicable)
7/10
It inevitably compares badly to a regular mini-pump, but it's a good weight for the performance.
Rate the product for comfort (if applicable)
7/10
Smooth, rounded handle is a bit small, but this is still remarkably fatigue-free for a portable pump.
Rate the product for value:
4/10
It's expensive as either a floor pump or a frame-mounted mini pump.
Tell us how the product performed overall when used for its designed purpose
Very well – it shifts air quickly and neither heat nor stability are a problem when you're pumping.
Tell us what you particularly liked about the product
Impressive build, shifts air fast, much easier than a mini-pump.
Tell us what you particularly disliked about the product
Overkill for frame mounting, expensive, handle is a bit small.
How does the price compare to that of similar products in the market, including ones recently tested on road.cc?
It's expensive judged either as a track pump, a mini-pump or even a digital pump, but its performance and build quality do feel worth the premium – assuming you actually need to fill the niche this sits in.
Did you enjoy using the product? Yes
Would you consider buying the product? As an indulgence for a big trip, maybe.
Would you recommend the product to a friend? Yes
Use this box to explain your overall score
This is extremely well made and performs very well too, though while it's frame-mountable it's arguably overkill for almost anybody on the road or trails given the weight and bulk penalties of carrying it. It's also shorter and more expensive than a regular track pump for home use. Really, it's in its element as a 'travel' pump for going abroad, but unless you do a lot of that it's hard to justify. Nevertheless, if you need – or just want – that, it's very nicely done and largely very pleasing to use.
Age: 48 Height: 183cm Weight: 78kg
I usually ride: Vitus Zenium SL VR Disc My best bike is:
I've been riding for: 10-20 years I ride: A few times a week I would class myself as: Experienced
I regularly do the following types of riding: general fitness riding, mtb, | https://road.cc/content/review/lezyne-micro-floor-drive-digital-hpg-295117 | 2022-08-10T20:22:45Z | https://road.cc/content/review/lezyne-micro-floor-drive-digital-hpg-295117 | true | 1 |
Chrissy Teigen just “bumped” into John Legend‘s recent interview. While the 43-year-old EGOT winner was answering questions about his upcoming album Legend over Zoom on Tuesday (Aug. 9), his supermodel wife — who’s pregnant with the couple’s third child — made a surprise appearance and showed off her growing tummy.
Legend began his Zoom interview with Hit Network by revealing he performed his 2013 No. 1 smash “All Of Me” — which he famously wrote for Teigen — at their wedding. He then confirmed that Legend, which is scheduled for a Sept. 9 and contains 24 tracks across two discs, will include lots of “songs for Chrissy.”
“One of the final songs on the album is called ‘I Don’t Love You Like I Used To,’ which sounds almost like a breakup song as a title,” he shared as an example. “But if you listen to the lyrics, it’s really just about how your love grows with a person and it changes over time, and evolves over time. You don’t love that person like you used to because you’ve grown together and you’re experiencing new things and it’s tested in different ways.”
At that moment, Teigen’s shoulder moves into frame — followed by her visibly pregnant tummy. “There she is, and that belly,” Legend joyfully says as the Lip Sync Battle host puts a hand on her stomach and does a little dance.
Teigen first announced her pregnancy earlier this month, sharing mirror selfies of her baby bump and writing about how nervous she’s felt regarding the health of her new baby. She and Legend — who also share 6-year-old Luna and 4-year-old Miles — were expecting a little boy they named Jack in 2020, but the Cravings author lost him while 20 weeks pregnant.
“The last few years have been a blur of emotions to say the least, but joy has filled our home and hearts again,” she wrote in her August pregnancy announcement. “1 billion shots later (in the leg lately, as u can see!) we have another on the way. Every appointment I’ve said to myself, ‘ok if it’s healthy today I’ll announce’ but then I breathe a sigh of relief to hear a heartbeat and decide I’m just too nervous still. I don’t think I’ll ever walk out of an appointment with more excitement than nerves but so far, everything is perfect and beautiful and I’m feeling hopeful and amazing. Ok phew it’s been very hard keeping this in for so long!”
Watch Chrissy Teigen crash John Legend’s interview below: | https://www.billboard.com/music/music-news/chrissy-teigen-crashes-john-legend-interview-shows-off-baby-bump-1235124892/ | 2022-08-10T20:24:10Z | https://www.billboard.com/music/music-news/chrissy-teigen-crashes-john-legend-interview-shows-off-baby-bump-1235124892/ | true | 1 |
MCALLEN, Texas — Lin-Manuel Miranda, the Tony, Grammy and Pulitizer Prize-winning creator of "Hamilton" shared his first public reaction to a Texas church's unlicensed production of the hit musical on Wednesday.
In a tweet, Miranda condemned the production as "illegal, unauthorized" and thanked fans for making him aware of The Door McAllen's actions.
Miranda tweeted, "Now lawyers do their work."
The Door McAllen could face legal penalties for copyright infringement by producing the show without permission and making significant changes to the musical's script to include religious references.
The church posted a full-length video to YouTube after their Aug. 5 performance. Clips from the unauthorized production captured the attention of theatre fans on social media.
A spokesperson for "Hamilton" said a cease-and-desist letter was sent to the church on Saturday demanding all videos and pictures relating to the production be removed from online platforms.
After responding to the letter, The Door was allowed to continue with its Aug. 6 performance under the conditions that it wasn't live-streamed or recorded, and that no photos or videos be posted online, according to the spokesperson.
The Dramatists Guild, a union representing playwrights, composers, librettists, and lyricists writing for the stage, issued a statement Tuesday also condemning The Door's homemade "Hamilton."
"We hold up the Door McAllen Church's brazen infringement to shine a light on the problematic pattern of some theatrical organizations performing authors' work without a license and rewriting the text with authorial consent," a statement said.
"No organization, professional, amateur, or religious, is exempt from these laws," the statement continued.
In his tweet Wednesday, Miranda closed by saying, "And always grateful to the Dramatists Guild, who have the backs of writers everywhere, be it your first play or your fiftieth."
The Door changed several lyrics in "Hamilton" to reference religious beliefs.
In one modified song, according to videos posted online, the character Eliza Hamilton sang to the character of Alexander:
"My hope is in Jesus.
If you could just give him a chance today...
That would be enough."
After its Aug. 5 performance, a sermon included a pastor's comments comparing homosexuality to addiction and encouraged people "struggling" with homosexuality to seek guidance from God.
Pastor Roman Gutierrez previously told the Dallas Morning News that "all are welcome" and the church is not anti-LGBTQ.
During his Sunday sermon, Gutierrez thanked the "Hamilton" team for "giving [the church] license to perform [their] version of "Hamilton," which the "Hamilton" team unequivocally denied.
"'Hamilton' does not grant amateur or professional licenses for any stage productions and did not grant one to The Door Church." | https://www.cbs19.tv/article/news/local/texas/lin-manuel-miranda-condemns-hamilton-production-by-texas-church/287-077c5f85-4616-4389-8a69-01afb158b4cb | 2022-08-10T20:26:02Z | https://www.cbs19.tv/article/news/local/texas/lin-manuel-miranda-condemns-hamilton-production-by-texas-church/287-077c5f85-4616-4389-8a69-01afb158b4cb | true | 13 |
As Comcast, Charter and Altice Add Nearly 700K Wireless Customers in Q2, 'Junior Cable' Gets Ready to Join the Mobile Fray
By Daniel Frankel published
Wireless companies are looking to steal fixed ISP marketshare from cable, but a wave of tier 2 & 3 MSOs are coming for their lunch, too
As the cable industry debates, deliberates and denies the impact of fixed wireless access on its suddenly stalled broadband subscriber growth, top U.S. MSOs continue to expand its own encroachment on wireless turf, as well.
Comcast, Charter Communications and -- to a more nascent extent -- Altice USA, collectively added nearly 700,000 wireless customers in the second quarter, matching their Q1 mobile growth performance.
Together these three tier 1 U.S. cable operators now have 9.2 million mobile lines between them.
And their being followed into the mobile fray by what one wireless analyst has termed "junior cable" -- privately held Cox Communications, WideOpenWest (WOW) and -- possibly -- Mediacom will soon enter the wireless market in "phase 2" of cable's mobile expansion.
According to Jeff Moore, who runs Wave7 Research, it's been the collective weight of the cable industry, not the nascent 5G building efforts of Dish Network, that has replaced swallowed-up Sprint as the nation's No. 4 wireless carrier.
Beyond that, NCTC CEO Lou Borrelli told Next TV in June that his cooperative is now aggressively involved with negotiating wholesale "MVNO" network lease deals with wireless companies on behalf of its some its more than 700 member cable operators, who he said have become interested in mobile very quickly upon seeing the quick growth experienced by Comcast and Charter.
The growing influence of cable in the U.S. mobile industry creates an interesting narrative of competitive juxtaposition, with T-Mobile and Verizon collectively adding 800,000 fixed wireless access customers in Q2, while Comcast and Charter flatlined on fixed high-speed internet expansion.
But this modern telecom-centric retelling of the ol' East Coast vs. West Coast rivalry is deceiving.
Both Comcast and Charter have built, largely in partnership, their respective Xfinity Mobile and Spectrum Mobile businesses on the backs of an MVNO deal with Verizon, while Altice USA recently established a new MVNO arrangement with T-Mobile.
These cable mobile operations are designed to heavily tap into the Wi-Fi resources provided by the MSO's fixed broadband networks, but there's still significant reliance on the MVNO partner -- so the more MVNO customers Verizon and T-Mobile have, the more they benefit.
According to information compiled by Recon Analytics Data (via FierceWireless), 27% of Xfinity Mobile and Spectrum Mobile customers acquired in July were Verizon defectors.
But Verizon is earning $13.13 a month from MVNO partnerships that not only include Comcast and Charter, but myriad other wireless providers, including US Mobile, Red Pocket Mobile, Lively and Affinity Cellular. Since Verizon doesn't have to market to those customers and support the subscriber relationship, it actually makes more money on the MVNO customers, Recon said.
Conversely, not only do top cable executives, including Comcast Chief Executive Brian Roberts, continue to dismiss the capacity of wireless networks to be able to compete with cable at scale over time, Recon also said that many of the 2.1 million FWA customers acquired by T-Mobile and Verizon so far have been new fixed high-speed internet subscribers, not cable defectors.
"It's not a zero sum game," Recond founder Roger Entner said.
Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!
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There was a problem. Please refresh the page and try again. | https://www.nexttv.com/news/as-comcast-charter-and-altice-add-nearly-700k-wireless-customers-in-q2-junior-cable-gets-ready-to-join-the-mobile-fray | 2022-08-10T20:26:11Z | https://www.nexttv.com/news/as-comcast-charter-and-altice-add-nearly-700k-wireless-customers-in-q2-junior-cable-gets-ready-to-join-the-mobile-fray | true | 1 |
The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has sought collaboration with the Infrastructure Concession Regulatory Commission (ICRC) on infrastructure development.
National President of NACCIMA, Ide John Udeagbala, who led a delegation of national officers to the ICRC office, said that its members were interested in contributing to the nation’s infrastructure development.
According to him, the association was interested in the pace of development in Nigeria, especially in the power and energy sector, adding that the body was willing to contribute to bridge infrastructure gaps.
In a statement issued on Wednesday, Manji Yarling, Ag. Head, Media and Publicity, ICRC quoted Udeagbala as saying “The aim of our visit today is to explore ways and lay a foundation for possible cooperation between our organisations on sectors that are of interest to our members.
“The sectors include: Infrastructure, power and energy; these sectors remain key assets to the growth and development of any economy.”
He said that the Organised Private Sector (OPS) was interested in contributing to infrastructure development in the country, stressing that government could deploy PPPs for such developments, particularly in the power and energy sector.
Udeagbala noted that NACCIMA was a body of all chambers of commerce across Nigeria, with activities spanning across the various sectors of the economy and is at the forefront of advocacy for policies to promote the interest of the private sector.
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He used the opportunity of the visit to congratulate the ICRC DG Michael Ohiani on his appointment and confirmation as substantive Director General.
“On behalf of the council and the entire members of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), I take this opportunity to congratulate you on your appointment.
“Your appointment is evidence of the Public and Private sectors’ faith in your inspirational leadership and ability to pilot the affairs of the Commission.
The President of NACCIMA also used the opportunity of the visit to name and decorate Ohiani as an Ambassador of NACCIMA.
Earlier, the DG of ICRC Ohiani, while welcoming the NACCIMA delegation said that the collaboration with NACCIMA was a welcome development as it would be mutually beneficial cooperation.
He explained to the group that the ICRC was set up by an Act in 2005, to regulate all government processes of infrastructure development using the Public Private Partnership Model.
In a presentation to the team, the ICRC pointed out that the federal government’s National Development Plan (NDP) 2021-2025 proposes an expenditure of N348 trillion out of which it can only afford N49.7 trillion across the three tiers of government.
The remaining N298 trillion is expected to come from the private sector, hence the need for private sector collaboration.
Members of the delegation were also informed that private sector operators were also allowed to make proposals for viable PPP projects which they have the capacity to undertake.
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NACCIMA seeks partnership with ICRC on infrastructure development | https://tribuneonlineng.com/naccima-seeks-partnership-with-icrc-on-infrastructure-development/ | 2022-08-10T20:26:57Z | https://tribuneonlineng.com/naccima-seeks-partnership-with-icrc-on-infrastructure-development/ | true | 1 |
SINGAPORE, Aug. 10, 2022 /PRNewswire/ -- Bonanza Goldfields Corp. (OTC:BONZ) is pleased to announce that the wholly owned subsidiary, Marvion™️, has signed a Memorandum of Understanding (MOU) with Talk+, to jointly promote the use of Marvion's Polygon DOTs in the Talk+ app.
Users of Talk+ app can use MarvionTM's Polygon chain DOTs for exclusive group chat. The benefits of the partnership include but are not limited to:
- Eco-friendly transaction using the Polygon chain;
- Providing user with additional channel for transaction; and
- Cryptocurrency security.
According to a survey released by Visa, nearly one-third of Hong Kong people have knowledge of cryptocurrencies, reflecting the escalating use of cryptocurrency. Visa also stated that during its recent earnings call, customers made $2.5 billion in payments with its crypto-linked cards in the first fiscal quarter of 2022. Hence, a secure, user friendly, fast and diverse cryptocurrency wallet is in high demand.
TALK+ is the first application in Hong Kong that integrates instant messaging communication and cryptocurrency wallet functions. It was developed by the founder Stark Chan. TALK+ differs from other electronic wallets in that it has multiple functions, including combining wallets and instant messaging application: users can easily, quickly, and accurately transfer cryptocurrencies to friends through the address book at anytime, anywhere. Most importantly, users do not need to ask the other party to submit their transfer address in the transaction process, which provide a higher level of user privacy. User can save on expensive handling fees and transaction time, and the encrypted currency will be instantly credited to users' Talk+ account. Concurrently, e-wallet in Talk+ supports a variety of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Dogecoin (DOGE), and you name it.
The Talk+ crypto wallet is divided in two parts: Decentralized Finance (DeFi) and Hot Wallet. The DeFi wallet allows user to have their own key in their mobile. No one is permitted to have users' asset custody, let alone to transfer their digital asset. Apart from the above, DeFi wallet in Talk+ app is a one-click access to most blockchain service platforms. The Hot Wallet provides a cross-chains bridge to users, connects third-party C2C ("Customer to Customer) user trading platform, and support different blockchain networks including BEP-20, ERC-20, TRON. User can ride on Talk+ to transfer their cryptocurrency from one blockchain to another.
Talk+ is a user friendly cryptocurrency wallet application, allowing both new and veteran cryptocurrency users to manage their blockchain accounts easily. It allows users to access the metaverse and decentralized financial services as a global hub. TALK+ implements a "Know your Customer" ("KYC") system, requires real-name authentication to connect to other cryptocurrency sales service providers,, ensuring strict financial security and preventing illegal activities. By integrating Talk+ into the MarvionTM solution, MarvionTM can provide users with a safe and trustless cryptocurrency transaction environment, while maintaining a high standard of compliance with Anti-Monday Laundering (AML) and Counter Terrorist Financing (CTF) practices.
Talk+ app charges a low transaction fees which is waived during the promotional period. Talk+ app has collaborated with "Transak", a world-renowned fiat-to-crypto payment gateway, which allows users to purchase crypto currencies with credit cards easily. It is user friendly for those who are not crypto savvy. As of today, Talk+ stores 95% of users' cryptocurrency in offline cold wallets, and only 5% will remain in an online hot wallet to minimise losses in the unlikely event that the system is compromised. The partnership between Talk+ and MarvionTM also promotes ESG through the use of the Polygon chain worldwide.
Kevin Tan, CEO of BONZ commented, "We are committed to developing the world's best DOT product for intangible assets in our bid to disrupt the digital asset community by facilitating an efficient and secure crypto transferring and messaging platform. Adopting Polygona (MATIC) in Talk+ app allows us to providea much better user's experience. It is a critical milestone to make NFT easily accessible to a broader user base with Talk+."
For more information on Marvion™️ and its h-DOT offerings, please visit www.marvion.media.
About Talk+
"Talk+" not only provides an extremely high level of privacy with end-to-end encryption messaging, it's also has a multi-cryptocurrency wallet functionality whereby users can easily purchase crypto online instantly or transfer them to friends by using its blockchain wallet feature. "Talk+" supports multiple cryptocurrencies and includes several wallet securities designs and protocols. For instance, the Hot and Cold Wallet feature allows users to save on transfer fees, speed up transaction confirmation and ensure that user assets remain secure.
Features of Talk+ include (but is not limited to)
- End-to-end encrypted instant messaging;
- Encrypted cryptocurrency wallet; and
- Economical transaction fee.
Features to Ensure Safety of the Cryptocurrency Wallet
- Safe and easy to remember "private key";
- Offline storage of cryptocurrency; and
- Electronic Wallet indemnity Fund
About BONZ
Bonanza Goldfields Corporation is a Las Vegas based mining and mineral exploration company, exploring gold and silver properties located in Goldfield, Tonopah and Comstock Mining Districts of Nevada, and the Chloride Mining District of Arizona.
The group is building an ecosystem and a metaverse for the media and entertainment industry that implements and adopts blockchain and NFT technologies, through mergers and acquisitions.
About Marvion™️
Marvion is a metaverse technology company in the media and entertainment industry, focusing on movies, drama, animation, comics, music, and games that provide content and entertainment to adults and children alike. Although most media and entertainment content are digital in nature today, they exist in the real world as intangible assets, such as intellectual property, licenses and contractual rights, with intrinsic value.
Marvion applies blockchain and NFT technologies as tools to disrupt and improve the existing media and entertainment industry and its current practices. The technology underpinning NFTs (non-fungible tokens) has multiple functional use cases, some of which have the power to transform our societies, and some of which may be subject to regulations. Marvion uses NFT technology solely to create a legally-binding digital ownership token (DOT) to both tangible and intangible media and entertainment assets, which our analysis suggests would functionally fall outside any regulatory perimeter.
More Information about Marvion™️:
Website: marvion.media
Facebook: facebook.com/marvionmetaverse
Instagram: instagram.com/marvion.media
Twitter: twitter.com/marvion_media
LinkedIn: linkedin.com/company/marvion
Telegram: t.me/marvion_media
About Hybrid DOT (h-DOT)
A h-DOT is an integrated, best in class, digital ownership token (DOT) that contains a smart contract that can execute transactions and also contains the specific legal terms of the intellectual property ownership, license and/or rights. Each Hybrid DOT (h-DOT) contains the following:
- A copy of the SPA for the purchase of the master license.
- Evidence or warranty of ownership of the relevant intellectual property.
- Ownership of the sub-license detailing the rights of the h-DOT holder.
- Image/video/music or other file depending on what the asset is.
For media queries, please contact:
Ms Marsella Cheng
Director, PR
media@Coinllectibles.Art
View original content:
SOURCE Bonanza Goldfields Corp. | https://www.newschannel10.com/prnewswire/2022/08/10/partnership-between-talk-marvion-promote-using-marvions-polygon-dots-talk-app/ | 2022-08-10T20:29:04Z | https://www.newschannel10.com/prnewswire/2022/08/10/partnership-between-talk-marvion-promote-using-marvions-polygon-dots-talk-app/ | true | 11 |
People.com Human Interest Elon Musk Sells $6.9B in Tesla Stock for the '(Hopefully Unlikely) Event That Twitter Forces' Buyout Deal Elon Musk sold 7.92 million shares in his electric car company for a total of about $6.9 billion By Jason Duaine Hahn Jason Duaine Hahn Website Jason Hahn is a Human Interest and Sports Reporter for PEOPLE. He's worked at PEOPLE's Los Angeles Bureau as a writer and reporter since 2017 and has interviewed the likes of Kobe Bryant, Arnold Schwarzenegger and Tom Brady. He has a B.A. in English from the University of California, Berkeley, and a Master's degree in Journalism from Columbia University. He previously worked for Complex Magazine in New York City. People Editorial Guidelines Published on August 10, 2022 03:51 PM Share Tweet Pin Email Elon Musk. Photo: Al Drago/Bloomberg via Getty Four months after he said he had no plans to sell more Tesla stock, Elon Musk has sold more Tesla stock. A series of filings with the Securities and Exchange Commission revealed Musk sold 7.92 million shares in his electric car company between Friday and Tuesday, per CNBC. The shares were reportedly worth about $6.9 billion. The news comes after Musk said he had "no further" plans to sell stock in the company on April 28 after selling $8.2 billion worth of shares. When asked on social media whether he was done selling Tesla stock, Musk replied in the affirmative on Tuesday: "In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don't come through, it is important to avoid an emergency sale of Tesla stock," Musk tweeted. Elon Musk Claims Twitter Has a 'Scheme to Mislead' as Company Slams His Alleged 'Excuses' in Court Filing In another tweet, Musk said he would buy Tesla stock again if the acquisition falls through. David Paul Morris/Bloomberg via Getty Images According to CNN, Musk previously sold shares in Tesla when he needed to raise money to pay taxes on the exercise of options that were going to expire. As of Wednesday, Musk's net worth is $250 billion, making him the wealthiest person in the world, per Bloomberg's Billionaire Index. Amazon founder Jeff Bezos is the second wealthiest person, with a net worth of $162 billion. In recent months, Musk has been in conflict with Twitter over their April agreement to allow the SpaceX founder to buy the social network for $44 billion. Twitter Sues Elon Musk to Prevent Him from Backing Out of Buyout Deal, Slams Billionaire's Behavior Musk moved to terminate the deal after he claimed the platform had more bot accounts than it disclosed. Twitter is now suing him in a Delaware court to complete the purchase and has defended itself against Musk's accusations. On Aug. 6, Musk said he would continue the acquisition if "Twitter simply provides their method of sampling 100 accounts and how they're confirmed to be real, the deal should proceed on original terms." RELATED VIDEO: Elon Musk Had Twins Last Year with Exec Shivon Zilis Just Weeks Before His & Grimes' Baby Was Born In a recent court filing, Twitter described Musk's reasoning for withdrawing from their deal as a "story, imagined in an effort to escape a merger agreement that Musk no longer found attractive." According to the Washington Post, the trial between Musk and Twitter will begin on Oct. 17 in the Delaware Court of Chancery and last five days. | https://people.com/human-interest/elon-musk-sells-tesla-stock-amid-twitter-lawsuit/ | 2022-08-10T20:31:12Z | https://people.com/human-interest/elon-musk-sells-tesla-stock-amid-twitter-lawsuit/ | true | 1 |
Conference Call and Live Audio Webcast Scheduled for Thursday, August 11, 2022, at 10:00 a.m. ET
Corporate Highlights
- Celebrated 10th anniversary as a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies
- Added to Russell 3000® Index, Russell 2000® Index and Russell Microcap® Index
- During the second quarter of 2022, $2.6 million was funded to existing borrowers
- Subsequent to quarter end, closed a new transaction, deploying $5.0 million
- SWK well positioned for current capital markets environment with cash and unfunded credit facility availability totaling $77.1 million as of June 30, 2022
Finance Receivables Segment Update
- For the three months ended June 30, 2022, GAAP net income was $0.6 million, or $0.04 per diluted share, a 96.0% decrease from June 30, 2021
- As of June 30, 2022, non-GAAP tangible finance book value per share was $18.48, a 7.2% increase from June 30, 2021
- Second quarter 2022 finance portfolio effective yield was 14.2%, a 2.0% increase compared with 13.9% for the second quarter 2021
- Second quarter 2022 finance portfolio realized yield was 15.0%, a 790 bps year-over-year decrease
- Second quarter 2022 core finance receivables business adjusted non-GAAP net income was $4.6 million, a 50.3% decrease from the second quarter of 2021
- As of June 30, 2022, total investment assets were $181.4 million, a 14.8% decrease from June 30, 2021
- During the second quarter of 2022, $17.2 million of principal payments and royalty paydowns were received, bringing total loan and royalty repayments to $78.7 million over the last twelve months
- For the trailing twelve months ended June 30, 2022, SWK's core finance receivables segment generated a 12.1% adjusted return on tangible book value
DALLAS, Aug. 10, 2022 /PRNewswire/ -- SWK Holdings Corporation (Nasdaq: SWKH) ("SWK" or the "Company"), a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, today provided a business update and announced its financial and operating results for the second quarter ended June 30, 2022.
"Over the past several quarters, SWK has had several successful payoffs in the portfolio, which we believe provide a strong endorsement of the innovation we support through our investments. While this, combined with our disciplined underwriting philosophy, led to a material decline in the size of our aggregate portfolio and a corresponding decrease in revenues year over year, we believe our focused stewardship of our shareholders' capital has provided an important benefit going forward – well positioning our balance sheet for the current environment," stated Winston Black, Chairman and CEO of SWK. "During the second quarter, SWK evaluated numerous life science financing opportunities with a focus on high quality assets that, we believe, are positioned to weather the current market volatility and challenging capital market environment. We believe these efforts will lead to additional closed financings in the second half of 2022."
Mr. Black continued, "Our capital position is strong with $55.1 million in cash and an untapped $22.0 million credit facility as of June 30, 2022. Our current liquidity and anticipated debt capital raise efforts will give us greater capacity to execute on new investment opportunities where our creative, non-dilutive financing can accelerate the growth of small and mid-sized life sciences companies and fuel the development and commercialization of lifesaving and life-enhancing technologies. The stock repurchase program SWK re-instituted during the quarter also reflects the Board of Director's confidence in our strategy and financial position and illustrates our ongoing commitment to accretive capital deployment."
Mr. Black concluded, "At the close of the second quarter, SWK was added to the Russell 2000, 3000 and Microcap Indexes, a catalyst that should expand awareness of our company within the investment community, increase liquidity of our stock, and broaden our shareholder base. Further, we recently celebrated our 10th anniversary under our current business strategy. Reflecting on the past 10 years, I am pleased to note that since the fourth quarter of 2012 we have produced consistent returns on our investments and to our shareholders with our book value per share increasing at a 10% compound annual growth rate. Looking ahead, our strategy will continue to focus on identifying companies, technologies and intellectual property to which our investment vehicles are well-suited and where strong risk-adjusted returns are likeliest to be achieved, while working with the team at Enteris BioPharma to unlock additional opportunities for growth."
Second Quarter 2022 Financial Results
During the last twelve month period, there were $78.7 million of loan repayments and royalty paydowns, which were partially offset by $45.0 million of new investments. As a result, income-producing assets (defined as finance receivables and corporate debt securities) totaled $175.0 million as of June 30, 2022. This is a 13.9% decrease compared with income-producing assets of $203.2 million as of June 30, 2021. Total investment assets, which include income-producing assets plus equity-linked securities, totaled $181.4 million as of June 30, 2022, compared to the June 30, 2021 total investment assets of $213.0 million.
For the second quarter 2022, SWK reported total revenue of $6.9 million, a 68.8% decrease compared to $22.3 million for the second quarter 2021. The $15.4 million decrease in revenue consisted of a $10.3 million decrease in Pharmaceutical Development segment revenue, which included $10.0 million of milestone revenue related to Enteris' License Agreement with Cara Therapeutics, Inc. received during the three months ended June 30, 2021, which did not recur during the three months ended June 30, 2022. Finance Receivables segment revenue decreased $5.0 million year-over-year to $6.8 million, with the decrease consisting of a $3.1 million decrease in interest and fees earned on finance receivables that were either paid off or paid down since the second quarter of 2021 and a $4.0 million decrease in net royalty income primarily due to the achievement of return premiums that caused a step down in royalty rates. The decrease in revenue was partially offset by a $2.1 million increase in interest and fees earned due to funding new and existing loans.
Income before taxes for the quarter was $0.7 million compared to $17.5 million for the same period the previous year, a decrease of 96%. The year-over-year decrease is due to a $10.3 million decrease in income from our Pharmaceutical Development segment and a $5.0 million decrease in income from our Finance Receivables segment. The decrease in income before income taxes was also due to a $1.0 million net loss on the change in fair value of our warrant assets and marketable investments. The decrease was partially offset by a $0.5 million decrease in expenses.
GAAP net income for the quarter ended June 30, 2022, decreased 96% to $0.6 million, or $0.04 per diluted share, from $14.0 million, or $1.09 per diluted share for the second quarter 2021.
For the second quarter 2022, non-GAAP adjusted net income was $2.2 million, a decrease from $17.2 million for the second quarter 2021. Non-GAAP adjusted net income for the Finance Receivables segment was $4.6 million, a decrease from $9.3 million for the second quarter 2021.
Book value per share was $21.15 as of June 30, 2022, compared to $20.18 as of June 30, 2021. Tangible financing book value per share totaled $18.48 as of June 30, 2022, a 7.2% increase from $17.23 as of June 30, 2021. Management views tangible financing book value per share as a relevant metric to value the Company's core finance receivable business. Tangible book value per share removes the value of the deferred tax asset from the book value.
Tables detailing SWK's financial performance for the second quarter 2022 are below.
Portfolio Status
At the end of the second quarter 2022, the weighted average projected effective yield of 14.2% for the finance receivables portfolio, including non-accrual positions, increased from 13.9% for the same period of the previous year. The projected effective yield is the rate at which income is expected to be recognized pursuant to the Company's revenue recognition policies, if all payments are received pursuant to the terms of the finance receivables and excludes non-interest earning assets such as warrants and equity investments.
For the second quarter 2022, the realized yield of the finance receivables portfolio was 15.0%, versus 22.9% for the same period the previous year. The realized yield is inclusive of all fees, including all realized unamortized fees, amendment fees, and prepayment fees, and is calculated based on the simple average of finance receivables at the beginning and end of the period. The realized yield is greater than the effective yield due to actual cash collections being greater than modeled.
Non-accrual loans totaled $9.8 million, while non-accrual royalty purchases, net of credit loss allowances, totaled $3.1 million. The $9.8 million loan to Flowonix Medical Inc. remains on non-accrual, and SWK continues to work with the company to achieve a resolution.
Subsequent to quarter end, SWK deployed $5.0 million in a structured debt transaction to Exeevo, Inc., while SWK royalties Beleodaq® and Trio were fully satisfied by achieving their respective multiple of invested capital caps. As of August 9, 2022, SWK had $3.9 million of unfunded commitments.
Total portfolio investment activity for the three months ended June 30, 2022, and 2021 was as follows (in thousands):
Adjusted Non-GAAP Net Income
The following table provides a reconciliation of SWK's reported (GAAP) consolidated net income to SWK's adjusted consolidated net income (Non-GAAP) for the three-month period ended June 30, 2022 and 2021. The table eliminates provisions for income taxes, non-cash mark-to-market changes on warrant assets and equity securities, amortization of Enteris intangible assets and any non-cash impact on the remeasurement of contingent consideration.
In the table above, management has deducted the following non-cash items: (i) change in the fair-market value of equities and warrants, as mark-to-market changes are non-cash, (ii) income taxes, as the Company has substantial net operating losses to offset against future income, (iii) amortization expense associated with Enteris intangible assets, and (iv) (gain) loss on remeasurement of contingent consideration.
Finance Receivables Adjusted Non-GAAP Net Income
The following table provides a reconciliation of SWK's consolidated adjusted income before provision for income taxes, listed in the table above, to the non-GAAP adjusted net income for the Finance Receivable segment for the three-month period ended June 30, 2022 and 2021. The table eliminates Enteris operating (income) loss. The adjusted income before income taxes is derived in the table above and eliminates income tax expense, non-cash mark-to-market changes on warrant assets and equity securities.
Conference Call Information
SWK Holdings will host a conference call and live audio webcast on Thursday, August 11, 2022, at 10:00 a.m. ET, to discuss its corporate and financial results for the second quarter 2022. Interested participants and investors may access the conference call by dialing either:
(844) 378-6488 (U.S.)
(412) 317-1079 (International)
Passcode: 10166330
An audio webcast will be accessible via the Investors Events & Presentations section of the SWK Holdings' website: https://swkhold.investorroom.com/events. An archive of the webcast will remain available for 90 days beginning at approximately 11:30 a.m. ET, on August 11, 2022.
Non-GAAP Financial Measures
This release includes non-GAAP adjusted net income and non-GAAP finance receivable segment net income, which are metrics that are not compliant with generally accepted accounting principles in the United States (GAAP).
Non-GAAP adjusted net income is adjusted for certain items (including (i) changes in the fair-market value of public equity-related assets and SWK's warrant assets as mark-to-market changes are non-cash, (ii) income taxes as the Company has substantial net operating losses to offset against future income, (iii) changes in the fair-market value of contingent consideration associated with the Enteris acquisition as these changes are non-cash, and (iv) depreciation and amortization expenses, primarily associated with the Enteris acquisition.
In addition to the adjustments noted above, non-GAAP finance receivable segment net income also excludes Enteris operating losses.
Tangible financing book value per share excludes the deferred tax asset, intangible assets, goodwill, Enteris PP&E, and contingent consideration associated with the Enteris transaction. Adjusted return on tangible financing book value is calculated by dividing finance receivables segment adjusted non-GAAP net income by tangible financing book value.
These non-GAAP measures may not be directly comparable to similar measures used by other companies in our industry, as other companies may define such measures differently. Management believes that these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends and provides useful additional information relating to our operations and financial condition. These metrics should be considered in addition to, and not as a replacement for, the most comparable GAAP measure.
About SWK Holdings Corporation
SWK Holdings Corporation is a specialized finance company with a focus on the global healthcare sector. SWK partners with ethical product marketers and royalty holders to provide flexible financing solutions at an attractive cost of capital to create long-term value for both SWK's business partners and its investors. SWK believes its financing structures achieve an optimal partnership for companies, institutions and inventors seeking capital for expansion or capital and estate planning by allowing its partners to monetize future cash flow with minimal dilution to their equity stakes. SWK also owns Enteris BioPharma, whose Peptelligence® and ProPerma® drug delivery technologies create oral formulations of peptide-based and BCS class II, III, and IV small molecules. With Enteris, SWK has the opportunity to grow its finance business by actively building a wholly-owned portfolio of milestones and royalties through licensing activities. Additional information on the life science finance market is available on the Company's website at www.swkhold.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as "believes," "expects," "anticipates," "intends," "estimates," "plan," "will," "may," "look forward," "intend," "guidance," "future" or similar expressions are forward-looking statements. Because these statements reflect SWK's current views, expectations and beliefs concerning future events, these forward-looking statements involve risks and uncertainties. Investors should note that many factors, as more fully described under the caption "Risk Factors" and elsewhere in SWK's Form 10-K, Form 10-Q and Form 8-K filings with the Securities and Exchange Commission and as otherwise enumerated herein, could affect the Company's future financial results and could cause actual results to differ materially from those expressed in such forward-looking statements. The forward-looking statements in this press release are qualified by these risk factors. These are factors that, individually or in the aggregate, could cause the Company's actual results to differ materially from expected and historical results. You should not place undue reliance on any forward-looking statements, which speak only as of the date they are made. We assume no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.
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SOURCE SWK Holdings Corporation | https://www.wwnytv.com/prnewswire/2022/08/10/swk-holdings-corporation-announces-financial-results-second-quarter-2022/ | 2022-08-10T20:36:21Z | https://www.wwnytv.com/prnewswire/2022/08/10/swk-holdings-corporation-announces-financial-results-second-quarter-2022/ | true | 15 |
U.S. judge says Quinn Emanuel can sue high-profile Honduran clan over unpaid fees
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(Reuters) - A federal judge in Washington, D.C., ruled Tuesday that Quinn Emanuel Urquhart & Sullivan can proceed with a lawsuit to recoup $1.4 million in allegedly unpaid legal fees from members of one of the wealthiest and politically connected families in Honduras.
U.S. District Judge Carl Nichols on Tuesday refused to dismiss it, finding the allegations sufficient to keep the case on track for now.
The firm claims it was never fully paid for its work defending members of the Rosenthal-Hidalgo family after they were targeted by the U.S. government for alleged connections to the Honduran drug-trafficking ring known as Cachiros.
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Lawyers for the defendants did not respond to requests for comment on the ruling. A spokesperson for Quinn Emanuel could not immediately be reached.
Federal prosecutors in Manhattan indicted Jaime Rosenthal Oliva, a former vice president of Honduras, and his eldest son, Yani Benjamin Rosenthal Hidalgo, on money laundering charges in 2015.
Quinn Emanuel in its lawsuit said its work helped avoid a longer sentence for Yani Rosenthal, who was eventually sentenced to 36 months in U.S. prison. Jaime Rosenthal remained at-large on the money-laundering charges until his death in 2019.
The U.S. Treasury Department also sanctioned Jaime and Yani Rosenthal and a Panamanian company the family owns, Inversiones Continental (Panama) SA, and its subsidiaries. ICP and its companies began to collapse under the sanctions, according to Quinn Emanuel.
The firm said its work for the Rosenthal-Hidalgos stopped other family-controlled entities from being sanctioned by the Treasury Department's Office of Foreign Assets Control and secured ICP's removal from the sanctions list.
Quinn Emanuel's 2019 lawsuit names as defendants Jaime Rosenthal's children — Patricia, Carlos and Cesar — and multiple companies they controlled, including Bus-Comm Inc, Cable Color SA de CV, Crediflash LLC, Fondo de Inversiones SA, and Prestadito de Costa Rica SA.
It said it stopped representing the Rosenthal-Hidalgo family in April 2016 after it stopped receiving payments. The firm said that by February 2018, "it became clear defendants had misrepresented ... their intention to pay."
The defendants in their motion to dismiss said they never signed any engagement letters with Quinn Emanuel, and that the firm's complaint does not specify its individual clients within the family.
The case is Quinn Emanuel Urquhart & Sullivan LLP v. Rosenthal-Hidalgo, U.S. District Court for the District of Columbia, No. 1:19-cv-01331
For Quinn Emanuel Urquhart & Sullivan: David Needham and Meghan McCaffrey of Quinn Emanuel Urquhart & Sullivan
For Adela Patricia Rosenthal-Hidalgo, Cable Color, Carlos Jose Rosenthal Hidalgo, Cesar Augusto Rosenthal Hidalgo, Fondo de Inversiones and Prestadito de Costa Rica: David Harris of the Law Office of David S. Harris
For Bus-Comm Inc: Jose Teurbe-Tolon of Xander Law Group; and Victor Rocha of the Law Offices of Victor E. Rocha
For Crediflash: Jose Teurbe-Tolon of Xander Law Group; and Victor Rocha of the Law Offices of Victor E. Rocha; and Luis Fernandez of the Law Offices of Luis Fernandez
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Our Standards: The Thomson Reuters Trust Principles. | https://www.reuters.com/legal/litigation/us-judge-says-quinn-emanuel-can-sue-high-profile-honduran-clan-over-unpaid-fees-2022-08-10/ | 2022-08-10T20:39:07Z | https://www.reuters.com/legal/litigation/us-judge-says-quinn-emanuel-can-sue-high-profile-honduran-clan-over-unpaid-fees-2022-08-10/ | true | 1 |
Wednesday 10 August 2022
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Comment | https://www.thenationalnews.com/opinion/cartoon/2022/08/10/cartoon-for-august-11-2022/ | 2022-08-10T20:41:10Z | https://www.thenationalnews.com/opinion/cartoon/2022/08/10/cartoon-for-august-11-2022/ | true | null |
SPRING VALLEY, Calif. — Students in East County San Diego headed back to class Wednesday.
It was the first day of school for the La Mesa-Spring Valley School District, which serves a little more than 10,000 students in grades K-8.
There are 18 elementary schools, 5 academies and middle schools, 1 preschool and 1 transitional kindergarten in the district.
One of the schools FOX 5 visited on the first day back was Loma Elementary in Spring Valley, which has around 300 students. Teachers like Katy Eton said she had first day jitters just like the students.
And it wasn’t only the first day for students, it was also the first day for Tara Bernal, who is starting her first year as Principal of Loma Elementary. She said she was most excited to see all the student’s faces since masks are optional this school year.
FOX 5 did ask if the school is experiencing a teacher shortage like other places nationwide. Bernal said yes, but it’s mostly for substitutes and teachers who work with children who have special needs.
If you’re interested in applying, you can do so by going to the La Mesa-Spring Valley School District’s website. | https://fox5sandiego.com/news/students-return-to-classroom-in-east-county/ | 2022-08-10T20:44:20Z | https://fox5sandiego.com/news/students-return-to-classroom-in-east-county/ | false | 2 |
Sydney, 10 Aug: World Cup-winning captain Meg Lanning is unlikely to lead Australia in the tour of India later this year as the skipper is taking an indefinite break from the game to “focus on myself.”
Australia are slated to tour India mid-December for five T20s before the home series against Pakistan and the T20 World Cup in South Africa next year.
“After a busy couple of years, I’ve made the decision take a step back to enable me to spend time focusing on myself,” Lanning said in a statement on Wednesday.
“I’m grateful for the support of CA and my team-mates and ask that my privacy is respected during this time,” she added.
The announcement comes days after Lanning led Australia to a gold medal at the Commonwealth Games in Birmingham.
“We’re proud of Meg for acknowledging that she needs a break and will continue to support her during this time,” Cricket Australia’s head of performance, women’s cricket, Shawn Flegler said.
“She’s been an incredible contributor to Australian cricket over the last decade, achieving remarkable feats both individually and as part of the team, and has been a brilliant role model for young kids.
“The welfare of our players is always our number one priority, and we’ll continue to work with Meg to ensure she gets the support and space she needs.”
The 30-year-old had made her international debut in 2010 and was named captain in 2014. She has led Australia 171 times.
In the past two years, she has led the team to a T20 and a 50-over World Cup titles alongside an Ashes series win. (PTI) | https://arunachaltimes.in/index.php/2022/08/11/lanning-takes-indefinite-break-from-cricket/ | 2022-08-10T20:45:15Z | https://arunachaltimes.in/index.php/2022/08/11/lanning-takes-indefinite-break-from-cricket/ | false | 2 |
Nelly didn’t missed the opportunity to take a dig at Irv Gotti.
The rapper and Ashanti hit the stage to perform their hit single “Body On Me” at the Oakland Arena in California on Friday night, and fans think their appearance together was to send a message to Irv Gotti. Nelly and Ashanti have not been particularly close since their breakup, and even their appearance at Fat Joe and Ja Rule’s Verzuz last year was a bit awkward for the couple.
However, it seems that the former couple is cordial as they performed “Body On Me,” showing off their old chemistry. The song was released in 2008 and features Akon (who was not present for the performance).
While the couple seemed to enjoy performing together, fans think that the couple’s appearance is to troll Irv Gotti, who said this week on Drink Champs that he was “hurt” when he found out that Ashanti was dating Nelly. The Murder Inc boss said he was in love with Ashanti as he insinuated that the two of them were involved in some kind of tryst, although he was married at the time.
Ashanti and Irv Gotti have not been on good terms, especially since she asked for the masters of her music. He has refused to hand them over despite making millions off of her, and he is also unhappy that she is seeking to record over her music so she can have full ownership.
Ashanti and Nelly dated for more than ten years before breaking up in 2014.
On Twitter, fans reacted to the former couple being on stage together.
“I know Irv somewhere fighting air seeing Nelly and Ashanti perform together,” one person wrote.
“Is this and the thing about him seeing Nelly and Ashanti together all from one interview or is this dude obsessed and talking about her all the time? I really need him to move on and seek therapy,” another person said.
“So Nelly and Ashanti performed together at his recent show. country grammar wins again lol somebody check on irv,” another person said.
In the meantime, Irv’s Drink Champs interview appears to be a venting session instead of therapy, as he gets angry when talking about Ashanti’s music and her effort’s to re-record her album.
According to him, Ashanti wants to cheat him out of the monies he earns from royalties from her music. Based on what Gotti says, it’s clear that although he claims to have worked on her music, he and Ashanti do not share the royalties as he has all of the ownership.
“Lucy and Grange weren’t in the studio with you making those records, I made those Ashanti records, oh I made those records,” he tells Nore. “Like She wrote them but she wrote them with the help of me telling her what to write,” he said.
Irv goes on to say that he ‘helped’ to make the records, and he tries to explain why he has 100% ownership of the records, although if he helped, it would be fair business practice to ensure that all the persons who helped earn from the records.
“I don’t lie. I helped make those records so I own them. I never sign my artists to 360 deals, I never said give me some of your show money… I never did that, I feel I was always very good to my artist,” he said.
However, Ja Rule, who was on the show with Irv Gotti, interjects to remind him to be fair as 360 deals never existed at the time, which contradicts Gotti’s statement about being good to artists.
“Let me make this statement, artists have ways of getting money, Rule makes a lot of money from shows, Ashanti makes a lot of money doing shows so what’s left for the guys doing the records, how do I make money? How I make money out of this is the masters so how am I supposed to feel when you remove that aspect, you really saying you don’t want sonny, JJ and Angie, my beautiful kids, you don’t want them to eat,” he says.
Although Gotti says if Ashanti gets to re-record her label, it would take away money from his children, elsewhere in the interview, he boasts about funding a $250 million documentary on Murder Inc as he again becomes obsessively angry at Ashanti for refusing to be a part of the documentary.
Ashanti is seeking to re-record her album under the cover laws, but Gotti says she would need the stems of the tracks to do that, and he is not going to give them to her.
“Ashanti I’m not falling for the banana in the tailpipe. This is where it’s going. She’s been performing for 20 years and she’s never asked for her stems. This is what happened, she went in the studio and tried to re-do ‘baby, baby, baby.’ She probably went in the studio, tried to and fell drastically short with people saying that don’t stand like what they did. So you want me to give you my stems of your whole album now after 20 years, you say you need it for shows, you want to take my stems and now you will be able to remake your f*****g album,” he says, raising his voice.
“When she’s on the shows and she says she will ‘spritz it up and jazz it up’, Ashanti you cannot spritz it or or jazz it up, the minute you spritzy it up and jazz it up it’s not a cover now it has to come back to me to clear it… If you change anything, it reverts back to the writers to clear it, let me just give you the answer right now, NO!” he shouts.
“NO!” so it’s up to you and whatever bullshit players and musicians you have to recreate the magic…” Gotti says.
Ashanti has not responded to Gotti’s interview. She had previously stated her album was to drop in February of this year, but that time has passed with no explanation, although Irv Gotti’s statements reveal the real reason Ashanti’s album hasn’t been ready. | https://stluciachronicle.com/nelly-clowns-irv-gotti-during-ashantis-surprise-performance/ | 2022-08-10T20:46:27Z | https://stluciachronicle.com/nelly-clowns-irv-gotti-during-ashantis-surprise-performance/ | true | 10 |
Hub City Press and the South Carolina Arts Commission announced that Robert Maynor has been selected as the winner of the 2022 South Carolina Novel Series for his debut novel, "The Big Game is Every Night," which Hub City Press will publish in the fall of 2023.
The South Carolina Novel Series publishes a novel by a South Carolina writer biennially. Writers selected for publication in this series are awarded $1,500 and book publication, including marketing and tour support from Hub City Press and the series partners, as well as placement in all South Carolina state libraries and readings/events with presenting sponsors.
“The South Carolina Arts Commission is proud to provide South Carolina’s artists with career development opportunities like this one. We are excited to read a novel that is set in our state and is by a South Carolina author. Congratulations to Robert on this achievement, and we thank Hub City Press for being our partners,” South Carolina Arts Commission Executive Director David Platts said.
“Hub City Press is thrilled to publish Robert's debut novel as the inaugural selection of the South Carolina Novel Series next year, and to continue the great work we have accomplished in our 15-year partnership with the South Carolina Arts Commission,” said Meg Reid, Director of Hub City Press.
"The Big Game is Every Night" is told in the keen, honest voice of a young high school football player growing up in rural South Carolina Lowcountry and gives readers a glimpse into the cultural forces that shape contemporary blue-collar America.
Robert Maynor is from the Lowcountry region. He lives and writes in a patched-up fish camp on the bank of the Edisto River, the longest free-flowing blackwater river in North America. His fiction explores the spectrum of complexities and contradictions in the contemporary American South. His short stories have appeared in Blood Orange Review, BULL, the Carolina Quarterly, and CRAFT, among other outlets.
His work has been nominated for a Pushcart Prize, and he is the past recipient of the Larry Brown Short Story Award and the Coker Fellowship in Fiction from the South Carolina Academy of Authors. "The Big Game Is Every Night" is his first novel.
The South Carolina Novel Series is open to writers of all levels who have lived in South Carolina for at least one year before submission of their manuscript. Co-sponsors include the South Carolina Arts Commission, the South Carolina State Library and South Carolina Humanities. Submissions for the series will open on Jan. 1 and close April 15 and require no submission fee. | https://www.indexjournal.com/lakelands_connector/maynor-selected-as-winner-of-the-2022-south-carolina-novel-series/article_b42d2ef5-fce7-559a-a68f-30e20a861e72.html | 2022-08-10T20:49:53Z | https://www.indexjournal.com/lakelands_connector/maynor-selected-as-winner-of-the-2022-south-carolina-novel-series/article_b42d2ef5-fce7-559a-a68f-30e20a861e72.html | true | 1 |
When Florida Gov. Ron DeSantis recently tweeted an image of what he said was a new state license plate featuring a coiled rattlesnake and the words "Don't Tread on Me," he said it sends a "clear message to out-of-state cars."
The imagery of the Revolutionary War-era Gadsden flag dates to Benjamin Franklin but has, for many, come to symbolize a far-right extremist ideology and the "Stop the Steal" movement that sought to overturn the 2020 presidential election results.
"'Love, love, love' Florida Gov. DeSantis new license plate; 'Don't Tread on Me!'" one Twitter user said. "This is how we feel about our great country..that is right now being systematically destroyed by the radical Left."
But such plates have gotten push back, not only in Florida, but in states such as Kansas, Missouri and Virginia, where similar plates have been available, in some cases for years, as fundraising tools for various organizations.
"The state can't claim a lack of knowledge about what this image represents to most of the public," says Rachel Carroll Rivas, deputy director of research and analysis for the Intelligence Project at the Southern Poverty Law Center.
She says it's become clear that the flag has been used for some "really awful" causes, most notably the Jan. 6 insurrection at the U.S. Capitol, where violent protesters attacked police as part of an effort to overturn the results of the 2020 presidential election.
Carroll Rivas compares it to a similar controversy over the use of the Confederate "stars and bars" flag on license plates. In 2009, the group Confederate Veterans, Inc., requested the flag on a specialty license plate, but Texas refused. The veterans group sued, and the case ultimately went to the Supreme Court. In 2015, in a 5-4 decision, the court held that such specialty plates (not to be confused with "vanity plates") were government speech and therefore states have the right to pick and choose what goes on them.
The long history of 'Don't tread on me'
Benjamin Franklin was the first to use the rattlesnake as a symbol of defiance against the British crown, says Marc Leepson, a journalist, historian and author of Flag: An American Biography. In 1775, Christopher Gadsden, a South Carolina politician, "took that menacing rattle rattlesnake and put it on the flag," Leepson says.
"One thing we can say about its origins, regardless of how it's used or who uses it or why it's used today, is that it really was just completely an anti-British [and] anti-colonial symbol," he says.
The journalist Rob Walker, writing in The New Yorker in 2016, said, "The Gadsden design remained something of a Revolutionary relic for many years." However, "[by] the nineteen-seventies, it had some popularity in Libertarian circles, as a symbol of ideological enthusiasm for minimal government and the rights of individuals."
Then came the Tea Party movement, which adopted the banner in 2010 as a sort of catch-all symbol of disgust with government. Since then, it has gone on to become a symbol for anti-government groups and individuals.
Extreme or not, First Amendment scholars such as Eugene Volokh of the University of Southern California say the Gadsden flag and the "Don't Tread on Me" motto are legitimate — and protected — speech, whether they are on a flag waving inside the besieged U.S. Capitol or on a vehicle license plate heading down a Florida highway.
"We know that some people are upset by that slogan," Volokh says. But, "the government is perfectly entitled to take controversial stands or in this case stands that have become newly controversial because some very small group of people have ended up using a symbol for purposes that are very different" from what it originally signified.
Plates in other states are also political
Other political and potentially controversial slogans routinely appear on license plates across the country, says Matt Dallek, a political historian at George Washington University's Graduate School of Political Management.
"I've seen some 'Live free or die' license plates in New Hampshire, which of course has been the state motto for decades," Dallek says. "You could argue that that certainly is a political statement" with a "fairly strong libertarian streak." District of Columbia plates, which have long sported an iteration of the Colonial-era rallying cry "No taxation without representation" are also in that vein, he says.
"But I think that 'Don't Tread on Me' has different, more extreme connotations, and therefore is more political and certainly is much more politicized," Dallek adds.
Politicized plates are available for other hot-button issues, as well. For example, "Trust Women/Respect Choice" is an option in Virginia, just as "Choose Life" is available on plates in Nebraska.
In the states where "Don't Tread on Me" plates have been introduced, they appear to be top sellers. And that's good news for the Florida Veterans Foundation, a veterans' advocacy group that stands to get $25 per Gadsden flag license plate.
But it hasn't been an easy road, says Chairman Dennis Baker. The choice of the Gadsden flag was made not by the group, but by a lawmaker pushing for the fundraising plate in 2019. "I think it was because other states were having such good success with it," he says.
He says the money the foundation hoped to raise could go a long way toward helping Florida veterans.
"Then January 6th happened and it was like, 'oh, s***,'" he says. By then it was too late, because Florida's legislature had already approved the design.
Baker explains that a minimum threshold of 3,000 plates must be preordered before the state will begin producing them. The Gadsden plate approved for the foundation had been languishing, but got a sudden boost after Gov. DeSantis' tweet last month, he says.
"I'm sure there's going to be at least a million people" who will now order one, says Baker. "I'm thinking there's that many people in Florida who would like to have the plate."
Kansas adopted the plate after Jan. 6 and despite the governor's veto
While Florida introduced the plate design in 2019, Virginia and Missouri did so a decade ago. Kansas approved the "Don't Tread on Me" plates only weeks after the Jan. 6, 2021 insurrection, when television images of rioters waving the flag were still fresh.
Democrat Dinah Sykes, minority leader in the Kansas Senate, opposed the measure when it came up for a vote in March of last year. "Whatever the original symbology of [the Gadsden flag] was ... I think a lot of people would argue that it's become a symbol of the people who marched on the Capitol," she says.
The plate design, meant to raise funds for the Kansas State Rifle Association, was subsequently vetoed by Kansas Gov. Laura Kelly, a Democrat, before the Republican-controlled legislature overrode it.
"I don't think it's appropriate," says Sykes, who is the Kansas Senate minority leader. "When I see that, whether it's a flag or a license plate ... it's not a good feeling for me."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://news.wgcu.org/2022-08-10/a-florida-license-plate-has-reopened-the-debate-over-the-dont-tread-on-me-flag | 2022-08-10T20:56:32Z | https://news.wgcu.org/2022-08-10/a-florida-license-plate-has-reopened-the-debate-over-the-dont-tread-on-me-flag | false | 36 |
Updated August 10, 2022 at 4:30 PM ET
LOS ANGELES — Kobe Bryant was one of the most photogenic sports figures in Los Angeles and images of him seen by millions around the world — smiling in victory, grimacing in agony — keep his memory alive.
But some photos of him should never be seen, his widow says, and she's seeking unspecified millions in compensation for snapshots taken of the NBA star's corpse that were circulated after he was killed in a helicopter crash with their daughter and seven others in 2020.
Vanessa Bryant's invasion of privacy trial against the Los Angeles County sheriff's and fire departments began Wednesday in a U.S. District Court just over a mile from where Kobe Bryant played most of his career with the Lakers. A jury was promptly seated in the case, and opening statements were scheduled to start in the afternoon.
Vanessa Bryant claims deputies did not take the photos for investigative purposes and shared them with firefighters who responded to the crash scene. The lawsuit said a deputy showed the photos to bar patrons and a firefighter showed them to off-duty colleagues.
"Mrs. Bryant feels ill at the thought that sheriff's deputies, firefighters, and members of the public have gawked at gratuitous images of her deceased husband and child," according to the lawsuit. "She lives in fear that she or her children will one day confront horrific images of their loved ones online."
Kobe Bryant, his 13-year-old daughter Gianna, and other parents and players were flying to a girls basketball tournament when their chartered helicopter crashed in the Calabasas hills west of Los Angeles in fog. Federal safety officials blamed pilot error for the wreck.
Vanessa Bryant has also sued the helicopter charter company and the deceased pilot's estate.
The county has argued that Bryant has suffered emotional distress from the deaths, not the photos, which were ordered deleted by Sheriff Alex Villanueva. They said the photos have never been in the media, on the internet or otherwise publicly disseminated and that the lawsuit is speculative about harm she may suffer.
A law prompted by the crash makes it a crime for first responders to take unauthorized photos of deceased people at the scene of an accident or crime.
The county already agreed to pay $2.5 million to settle a similar case brought by two families whose relatives died in the Jan. 26, 2020, crash.
Vanessa Bryant did not settle her case, indicating she's seeking more.
The litigation has at times been ugly.
When the county sought a psychiatric evaluation of Bryant to determine if she suffered emotional distress because of the photos, her lawyers criticized the "scorched-earth discovery tactics" to bully her and other family members of victims to abandon their lawsuits.
The county responded by saying they were sympathetic to Bryant's losses and dismissed her case as a "money grab."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.wkms.org/npr-news/npr-news/2022-08-10/trial-in-lawsuit-over-kobe-bryant-crash-photos-begins | 2022-08-10T21:01:04Z | https://www.wkms.org/npr-news/npr-news/2022-08-10/trial-in-lawsuit-over-kobe-bryant-crash-photos-begins | false | 50 |
SALT LAKE CITY, Aug. 10, 2022 /PRNewswire/ -- Sera Prognostics Inc., The Pregnancy Company® (Nasdaq: SERA), focused on improving maternal and neonatal health by providing innovative pregnancy biomarker information to doctors and patients, today announced financial results for the second quarter ended June 30, 2022.
Recent Highlights:
- Executed on Sera's strategy of pursuing healthcare systems where administrative and clinical leadership are aligned on incorporating PreTRM testing efficiently as an add-on to comprehensive services provided to pregnant women.
- Contracted with several new self-insured employer plans to incorporate PreTRM testing as an advanced pregnancy benefit.
- Demonstrated improved performance of the PreTRM test over an expanded time window for collecting blood, now from 18-20 weeks, allowing physicians to more easily schedule patients for preterm risk evaluation.
- Showed a sensitivity of nearly 90% for spontaneous preterm delivery risk prediction and a very high negative predictive value of 99% in a patient whose PreTRM test is interpreted to be "Lower Risk".
- Streamlined operations to meet our commercial plans, expand adoption of the PreTRM® Test and enable the Company to extend its operations into 2026 without the need for additional financing.
"We see a sizeable opportunity to increase awareness of our PreTRM® Test and build adoption within a variety of health systems," said Gregory C. Critchfield, MD, MS, Chairman and CEO of Sera Prognostics. "As example of many such systems, we are making demonstrable progress in contracting with self-insured employers who become adopters because they see the immediate value in managing escalating healthcare costs and offering important benefits to attract and retain talented employees. We anticipate additional clinical and health economic publications that further illustrate the clinical utility and benefit of PreTRM® technology, supporting the achievement of our vision to improve the well-being of mothers and newborns and decreasing healthcare costs."
Second Quarter 2022 Financial Results
Second quarter 2022 revenue of $78,000 compared to $20,000 for the same period of 2021.
Total operating expenses were $11.8 million, up from $7.4 million for the second quarter of 2021.
Research and development expenses for the second quarter of 2022 were $3.3 million compared to $2.8 million for the second quarter of 2021 due primarily to increased laboratory operations and clinical study costs.
Selling, general and administrative expenses for the second quarter of 2022 were $8.5 million, up from $4.6 million for the year-ago period due primarily to increased headcount as the company has scaled its commercial operations and general corporate infrastructure, as well as increased costs related to operating as a public company since our initial public offering in July 2021. Selling and marketing expenses decreased in the second quarter of 2022 compared to the first quarter of 2022 as we took steps to streamline our sales force and focus our commercial strategy in response to market dynamics.
Net loss for the second quarter of 2022 was $11.5 million compared to $6.3 million for the same quarter a year ago.
As of June 30, 2022, the Company had cash, cash equivalents, and available-for-sale securities of approximately $121 million.
Conference Call Information
Sera Prognostics will host a corresponding conference call and live webcast today to discuss second quarter 2022 operational highlights, financial results and key topics at 5:00 p.m. Eastern Time. Individuals interested in listening to the conference call may do so by dialing the following:
US domestic callers: (866) 218-2405
International callers: (412) 902-6607
Webcast Registration Link: https://app.webinar.net/JMrRmxrD9Qj
Live audio of the webcast will be available online from the Investors page of the Company's website at www.seraprognostics.com. The webcast will be archived on the Investors page and will be available for one year.
About Sera Prognostics, Inc.
Sera Prognostics is a leading health diagnostics company dedicated to improving the lives of women and babies through precision pregnancy care. Sera's mission is to deliver early, pivotal information in pregnancy to physicians, enabling them to improve the health of their patients, resulting in reductions in the costs of healthcare delivery. Sera has a robust pipeline of innovative diagnostic tests focused on the early prediction of preterm birth risk and other complications of pregnancy. Sera's precision medicine PreTRM® Test reports to a physician the individualized risk of spontaneous premature delivery in a pregnancy, enabling earlier proactive interventions in women with higher risk. Sera Prognostics is located in Salt Lake City, Utah.
About Preterm Birth
Preterm birth is defined as any birth before 37 weeks' gestation and is the leading cause of illness and death in newborns. The 2021 March of Dimes Report Card shows that more than one in ten infants is born prematurely. Prematurity is associated with a significantly increased risk of major long-term medical complications, including learning disabilities, cerebral palsy, chronic respiratory illness, intellectual disability, seizures, and vision and hearing loss, and can generate significant costs throughout the lives of affected children. The annual health care costs to manage short- and long-term complications of prematurity in the United States were estimated to be approximately $25 billion for 2016.
About the PreTRM® Test
The PreTRM® test is the only broadly validated, commercially available blood-based biomarker test that provides an early, accurate and individualized risk prediction for spontaneous preterm birth in asymptomatic singleton pregnancies. The PreTRM® test measures and analyzes proteins in the blood that are highly predictive of preterm birth. The PreTRM® test permits physicians to identify, during the 19th or 20th week of pregnancy, which women are at increased risk for preterm birth, enabling more informed, personalized clinical decisions based on each woman's individual risk. The PreTRM® test is ordered by a medical professional.
Sera Prognostics, the Sera Prognostics logo, The Pregnancy Company, and PreTRM are trademarks or registered trademarks of Sera Prognostics, Inc. in the United States and/or other countries.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to healthcare systems aligning on incorporating PreTRM testing as an add-on to comprehensive services provided to pregnant women; expanded adoption of the PreTRM® Test; the Company extending its operations into 2026 without the need for additional financing; demonstrable progress in contracting with self-insured employers; additional clinical and health economic publications that further illustrate the clinical utility and benefit of PreTRM® technology; the Company's strategy, future operations, prospects, plans, objectives of management; the Company's planned conference call and live webcast to discuss the quarter's operational highlights, financial results and key topics; availability of audio of the webcast online from the Investors page of the Company's website; and the company's strategic directives under the caption "About Sera Prognostics, Inc." These "forward-looking statements" are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by forward-looking statements. These risks and uncertainties include, but are not limited to: net losses, cash generation, and the potential need to raise more capital; revenues from the PreTRM test representing substantially all Company revenues to date; the need for broad scientific and market acceptance of the PreTRM test; a concentrated number of material customers; our ability to introduce new products; potential competition; our proprietary biobank; critical suppliers; the ongoing COVID-19 pandemic and its impact on our operations, as well as the business or operations of third parties with whom we conduct business; estimates of total addressable market opportunity and forecasts of market growth; potential third-party payer coverage and reimbursement; new reimbursement methodologies applicable to the PreTRM test, including new CPT codes and payment rates for those codes; changes in FDA regulation of laboratory-developed tests; the intellectual property rights protecting our tests and market position; and other factors discussed under the heading "Risk Factors" contained in our Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K, or Current Reports on Form 8-K filed with the SEC from time to time. All information in this press release is as of the date of the release, and the Company undertakes no duty to update this information unless required by law.
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SOURCE Sera Prognostics, Inc. | https://www.witn.com/prnewswire/2022/08/10/sera-prognostics-reports-second-quarter-2022-financial-results/ | 2022-08-10T21:02:46Z | https://www.witn.com/prnewswire/2022/08/10/sera-prognostics-reports-second-quarter-2022-financial-results/ | true | 77 |
The Gold River, California-based company has filed a federal lawsuit against Pinnacle Holding Company alleging federal trademark infringement and unfair competition
GOLD RIVER, Calif., Aug. 10, 2022 /PRNewswire/ -- Pinnacle Employee Services, a full-service human resources (HR) management company, today announced that on April 12, 2022, the company received full registration of its trademark "Pinnacle Employee Services®" with the U.S. Patent and Trademark Office. Trademark registration number 90376137 was granted to the company's owner and founder, Michael Allen. The trademark covers the business categories of human resources consultation and payroll preparation (Class 35).
Based in Gold River, CA, Pinnacle Employee Services, Inc. is a leader in the field of payroll, employee benefits, and human resources. Pinnacle Employee Services, Inc. has consistently done business using the 'Pinnacle Employee Services' tradename since September 2013, and the company considers its brand, name, and reputation to be of great value. Additionally, the company is the owner of the lawful trademark 'Pinnacle Employee Services,' as registered with the United States Patent and Trademark Office.
Pinnacle Employee Services, Inc. is committed to ensuring that current and potential competitors do not infringe on the company's goodwill or trademark. To that end, the company has filed a federal lawsuit in the United States District Court for the Eastern District of California against Pinnacle Holding Company, LLC (Case no. 2:22-cv-01367-CKD), alleging claims for federal trademark infringement and unfair competition based on the defendant's use of an identical name in conjunction with the offering of the same services. A copy of the lawsuit complaint may be accessed here: Lawsuit, Civil Cover Sheet.
Pinnacle Employee Services, based in Gold River, CA, is a full-service human resources management company that offers a comprehensive, intuitive HR Management platform that provides payroll, HR, benefits, and talent acquisition to small and medium-sized businesses in all industries. The company is owned by CEO Michael Allen, who possesses over 21 years of HR management experience and has been operating the business since 2005. For more information on Pinnacle Employee Services, visit https://pinnaclehro.com/.
Contact:
Beth Bryant
bbryant@bbwrites.com
508-786-3013
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SOURCE Pinnacle Employee Services, Inc. | https://www.walb.com/prnewswire/2022/08/10/pinnacle-employee-services-receives-full-registered-trademark-status-us-patent-trademark-office-its-company-brand-name-pinnacle-employee-services/ | 2022-08-10T21:02:56Z | https://www.walb.com/prnewswire/2022/08/10/pinnacle-employee-services-receives-full-registered-trademark-status-us-patent-trademark-office-its-company-brand-name-pinnacle-employee-services/ | false | 12 |
FOXBOROUGH, Mass. – Since Patriots fans last attended a game at Gillette Stadium, construction of the most dramatic improvements since its opening in 2002 have commenced in the north end of the stadium. Fans attending Patriots home games this season will notice changes throughout the north end of Gillette Stadium and the organization wants fans to be aware of the following:
- All entrance gates will be accessible; two gates have been renamed:
- Ticketmaster.com Gate (formerly the PrimeSport Gate)
- CVS Health Gate (formerly the uBid.com Gate)
- To view a map of stadium entrances, click here. - Seats in the north end zone remain fully accessible and have not been affected by the construction.
- Fans will still be able to walk between the east and west sides of the main concourse.
- The north end zone concessions have been relocated to temporary nearby locations on the main concourse.
- The north end zone video board is taking shape and a section of the new video board will be in place prior to the start of the 2022 regular season.
- Please be mindful of all posted signage and adhere to construction barriers that have been erected for fan safety.
- Ticket holders can save time accessing Gillette Stadium parking lots by purchasing prepaid parking passes. Prepaid parking passes guarantee access to stadium-side parking lots. All stadium-side Patriots parking is prepaid-only. All other general admission parking should enter through the P10 or P11 entrance.
- Free parking will be available to any ticket holder who registers to park in our designated Delayed Exit Lot.
- The MBTA offers train service from Boston and Providence to Patriots home games. Visit the MBTA website's Gillette Stadium Schedule for Patriots games.
- The Gillette Stadium Clear Bag Policy will be in effect. For a list of prohibited items and other details, click here.
- The transformation of the north end of Gillette Stadium will feature a completely reimagined Enel Plaza leading into the stadium, including a new and experiential lighthouse. Inside the stadium, there will be a massive new HD video board as well as new concession concepts and locations, new restrooms and other fan amenities. Construction is scheduled for completion prior to the 2023 NFL season. To learn more, click here. | https://www.patriots.com/news/new-england-fan-reminders-for-the-2022-preseason-opener | 2022-08-10T21:05:31Z | https://www.patriots.com/news/new-england-fan-reminders-for-the-2022-preseason-opener | true | 1 |
Public Health Ontario says there are now 478 confirmed cases of monkeypox in the province.
The agency’s latest report on the illness says 75 per cent of cases were reported in Toronto.
Most cases are reported in men but three are among females.
The report on cases as of Monday represents an increase from the 449 confirmed cases in Ontario as of last Thursday.
Public health says 15 people have been hospitalized with monkeypox in Ontario and two people have been in intensive care.
There are also seven probable cases in the province.
This report by The Canadian Press was first published Aug. 10, 2022. | https://www.thestar.com/news/canada/2022/08/10/public-health-ontario-reports-478-confirmed-monkeypox-cases-up-from-449-last-week.html | 2022-08-10T21:05:39Z | https://www.thestar.com/news/canada/2022/08/10/public-health-ontario-reports-478-confirmed-monkeypox-cases-up-from-449-last-week.html | true | null |
Dawn Lister, a criminal justice teacher and a member of Calvert's new police accountability board, addresses the panel at its first meeting on Wednesday.
A historic meeting took place Wednesday morning at the Harriet Elizabeth Brown Community Center in Prince Frederick as Calvert County’s recently appointed police accountability board convened for the first time.
The nine-member panel was created after state legislation passed in 2021 mandated Maryland’s jurisdictions create citizen committees to oversee local law enforcement. Calvert began its formulation process in a timely manner and, after several well-attended town hall-style meetings, began the application and vetting processes. One week before the state-mandated compliance date — July 1 — the county commissioners appointed eight of the nine members to the new board.
Wilson Parran, a former county commissioner, was appointed police accountability board chairman.
“I keep failing at retiring,” Parran quipped. “I love serving the community.”
The police accountability board and two other boards — an administrative charging committee and trial board — will be required to review citizens’ complaints regarding the job performances of local law enforcement officers.
Parran said the police accountability board will focus on “getting the facts so that whatever decision is made is based on facts and not bias.”
The members present introduced themselves to each other as well as to the live and virtual audience by giving their background information and goals they hope to accomplish as part of newly formed board.
“I want to do well for the citizens of Calvert County,” said Dawn Lister, a criminal justice teacher at Calvert High School.
“This is an opportunity to advocate on behalf of my community,” Leslie Parker stated.
Quentin Jones Jr. said he is a Department of Justice employee who is also a local pastor and member of the Maryland National Guard whose family has lived in Calvert since the 1700s.
“I want to preserve some of the legacy and integrity of the county,” Jones said.
Alphonso Hawkins, a county native with over four decades of law enforcement service, stated his aim is to “bridge the gap between the community and police. I know we are going to do the right thing.” Hawkins said. Of Calvert County, “it’s still country despite the traffic.”
Retired judge and semi-retired attorney Larry Lamson called Calvert, “just a wonderful place to live. I want to make sure the public has some faith in the system.”
Lamson is currently the only member of the trial board.
Stacey Stump, who is serving with Parran and Norman Dorn on the administrative charging committee, stated she is committed “to be very transparent for Calvert County citizens.”
Two more appointments to the administrative charging committee are pending.
Along the lines of transparency, Parran noted that the police accountability board has a website up and running and includes a link to a complaint form. Any complaint forms that are submitted would then go through a process for consideration.
Parran noted that since early July, the Calvert County Sheriff’s Office reported they had received three citizen complaints.
The police accountability board is fully staffed and members will receive stipends.
John Norris, county attorney, briefed the members on Maryland’s open meeting laws. The panel’s meetings will be open to the public.
At the end of the year, the board will be required to submit a report to the county commissioners and any recommended policy changes that the members feel would improve police accountability. | https://www.somdnews.com/recorder/news/local/calverts-police-accountability-board-holds-first-meeting/article_fab9e9ad-18df-50af-b66e-0a72c72f65cc.html | 2022-08-10T21:07:48Z | https://www.somdnews.com/recorder/news/local/calverts-police-accountability-board-holds-first-meeting/article_fab9e9ad-18df-50af-b66e-0a72c72f65cc.html | true | 1 |
NBA diversity study finds job gains by minorities, women
By AARON BEARD
AP Basketball Writer
A diversity report found the NBA posting nearly across-the-board gains in hiring of minorities and women after a small, one-year dip in its overall grade. Wednesday’s report card from The Institute for Diversity and Ethics in Sport (TIDES) at the University of Central Florida assigned an overall A grade, with an A-plus for racial hiring and a B-plus for gender hiring. The report annually examines positions for franchises as well as in league leadership, with this study using data to cover the 2021-22 season. A year earlier, the league saw its overall grade dip slightly to a B-plus despite its status as the leader among men’s professional leagues evaluated by TIDES. | https://ktvz.com/sports/ap-national-sports/2022/08/10/nba-diversity-study-finds-job-gains-by-minorities-women/ | 2022-08-10T21:07:57Z | https://ktvz.com/sports/ap-national-sports/2022/08/10/nba-diversity-study-finds-job-gains-by-minorities-women/ | false | null |
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Sectors | https://www.barchart.com/story/news/9615824/dollar-falls-sharply-on-dovish-u-s-cpi-report | 2022-08-10T21:13:00Z | https://www.barchart.com/story/news/9615824/dollar-falls-sharply-on-dovish-u-s-cpi-report | false | 79 |
ATLANTA, Aug. 10, 2022 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.1125 per share and declared such dividend payable October 4, 2022, to shareholders of record as of the close of business on September 15, 2022.
Headquartered in Atlanta, The Aaron's Company, Inc. is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods across its brands, Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. Aaron's offers a direct-to-consumer lease-to-own solution through its approximately 1,300 company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform. BrandsMart U.S.A. is one of the leading appliance and consumer electronics retailers in the southeast United States and one of the largest appliance retailers in the country with ten retail stores in Florida and Georgia. BrandsMart Leasing offers lease-to-own solutions to customers of BrandsMart U.S.A. Woodhaven is our furniture manufacturing division.
For more information, visit investor.aarons.com.
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SOURCE The Aaron's Company, Inc. | https://www.wtap.com/prnewswire/2022/08/10/aarons-directors-declare-cash-dividend/ | 2022-08-10T21:14:10Z | https://www.wtap.com/prnewswire/2022/08/10/aarons-directors-declare-cash-dividend/ | false | 21 |
NEW YORK (AP) — Former President Donald Trump showed up Wednesday for questioning under oath in New York’s civil investigation into his business practices. But he quickly made clear he wouldn’t be answering.
The ex-president issued a statement saying he had done nothing wrong but was invoking the Fifth Amendment’s protection against self-incrimination. It’s a constitutional right that gets high-profile exposure in settings from Congress to TV crime shows, but there are nuances. Here’s what it means — and doesn’t — to “plead (or ‘take’) the Fifth.”
WHAT IS ‘THE FIFTH’?
The Fifth Amendment to the U.S. Constitution establishes a number of rights related to legal proceedings, including that no one “shall be compelled in any criminal case to be a witness against himself.”
In the most direct sense, that means criminal defendants don’t have to give damning testimony in their own cases. But it has come to apply in non-criminal contexts, too.
WHAT’S THE THINKING BEHIND IT?
“It reflects many of our fundamental values and most noble aspirations,” the Supreme Court wrote in 1964.
Among those ideals: preventing people from being tortured into confessing or being shoehorned into a “cruel trilemma of self-accusation, perjury or contempt” of court.
Many decades earlier, the court also questioned the reliability of confessions made under duress.
THE AMENDMENT SPECIFICALLY REFERS TO CRIMINAL CASES. HOW CAN IT APPLY TO A CIVIL INVESTIGATION?
Over time, the Fifth Amendment’s protections have been understood to cover witnesses — not just defendants — in criminal and civil courts and other government settings. The Supreme Court has even held that Fifth Amendment rights protected the jobs of public employees who were fired after refusing to testify in investigations unless they got immunity from prosecution.
The Fifth Amendment also underpins the famous Miranda warning about the right to remain silent and have an attorney on hand while being questioned in police custody.
SO ARE THERE ANY LIMITATIONS?
Under what has become the legal standard, the witness has to be facing a genuine risk of criminal prosecution, said Paul Cassell, a criminal law professor at the University of Utah. That means prosecution on any charge in any U.S. court.
There are sometimes disputes over whether the right is being invoked inappropriately. The questioning side can ask a judge to declare that someone needs to answer or face contempt of court and possible penalties.
But “the courts have generally thought that they should give the benefit of the doubt to someone who might be criminally prosecuted, rather than force someone to testify and then learn: ‘Whoops!’” Cassell said.
OK. CAN SOMEONE WHO TAKES THE FIFTH DECIDE TO ANSWER SOME QUESTIONS, BUT NOT OTHERS?
Yes, it’s not necessarily all-or-nothing. But even deciding to answer selectively could be risky: Responding to one question can enable the other side to argue that the witness can’t refuse to answer other, related questions. Another concern: seemingly safe questions could be meant to build evidence about an allegation that’s not on the witness’ radar yet.
IF YOU INVOKE THE PROTECTION, DOES THAT WORK AGAINST YOU?
Legally, it depends. In a criminal case, prosecutors can’t comment on a defendant’s refusal to testify, and a jury can’t be advised that it’s OK to take defendants’ silence as a sign of guilt. The Supreme Court has said that allowing that inference penalizes defendants for simply availing themselves of a constitutional protection.
But in civil cases, jurors generally are allowed to hold silence against a defendant or witness.
Then there’s the court of public opinion.
“Does it look bad? In the general public’s understanding, yes,” says Howard University criminal law professor Lenese Herbert. “But that’s just a result of poor civics education.”
The former federal prosecutor often reminds her students that while jurors might want to hear a defendant’s side of the story, it’s a defense attorney’s job to make sure the jury understands that the client has the right not to take the stand.
CAN WE GET BACK TO TRUMP? HE’S BEING QUESTIONED IN A CIVIL INVESTIGATION. CAN HE CLAIM THERE’S POTENTIAL FOR CRIMINAL PROSECUTION?
Indeed, his lawyers have already asserted that New York Attorney General Letitia James’ civil inquiry is essentially a fact-finding mission for Manhattan District Attorney Alvin Bragg’s parallel criminal probe.
James has said her investigation found evidence that the businessman-turned-politician’s company, called the Trump Organization, puffed up the value of real estate assets to snag loans, insurance and tax breaks for land donations. Trump has denied the allegations, and the Republican has slammed the investigation as a political “witch hunt” by Democratic officials.
Meanwhile, other fruits of James’ probe led the DA’s office to bring criminal tax fraud charges against the Trump Organization and its finance chief. The defendants have pleaded not guilty in that case, which involves claims of off-the-books compensation.
WHAT HAS TRUMP SAID ABOUT ALL THIS?
In the past, Trump has repeatedly suggested that only people with something to hide avail themselves of the protection against self-incrimination. He once declared that “the mob takes the Fifth.”
But on Wednesday, he said he had no choice but to do so.
“I once asked, ‘If you’re innocent, why are you taking the Fifth Amendment?’ Now I know the answer to that question,” he said in his statement, calling the probe “a vindictive and self-serving fishing expedition.”
“The United States Constitution exists for this very purpose, and I will utilize it to the fullest extent to defend myself against this malicious attack.”
Trump lawyer Ronald Fischetti had said he’d advise Trump to take the Fifth unless given legal immunity for his answers, though Fischetti complained that publicity surrounding such a choice now could harm Trump’s defense if there’s a criminal charge down the road.
“How can I possibly pick a jury in that case?” Fischetti said in trying, unsuccessfully, to block Wednesday’s testimony.
Three of Trump’s adult children — Donald Jr., Ivanka and Eric — have already been questioned. Eric Trump invoked the Fifth Amendment more than 500 times during his 2020 deposition, according to a court filing. Donald Jr. and Ivanka reportedly gave their depositions recently, and it’s yet unclear whether they took the Fifth. | https://cw39.com/news/nationworld/what-does-it-actually-mean-to-take-the-fifth/ | 2022-08-10T21:15:24Z | https://cw39.com/news/nationworld/what-does-it-actually-mean-to-take-the-fifth/ | true | 81 |
(NewsNation) — Amazon has acquired the vacuum cleaner maker iRobot for $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns from privacy advocates about the tech giant’s power and ability to gain deeper insights into consumers’ lives.
iRobot sells its products worldwide and is most famous for the circular-shaped Roomba vacuum, which would join voice assistant Alexa, the Astro robot, Ring security cameras and others in the list of smart home features Amazon offers.
The acquisition also adds to Amazon’s vast store of consumer data — leading tech experts to raise the alarm that the tech giant could use this business deal to vacuum up personal information from inside users’ homes.
So, is Amazon’s purchase just another way to spy on consumers?
Advanced Roomba vacuums have internal mapping technology that could benefit Amazon. The technology allows the devices to learn the floor plan of a user’s home. Devices can remember up to 10 floor plans “so users can carry their robot to another floor or a separate home, where the robot will recognize its location and clean as instructed,” press releases by iRobot say. Some models have low-resolution cameras to avoid obstacles and aid in mapping.
“Now they can actually know the layout of your home and products that are in your home to target you for further purchases for really anything — any consumer goods,” said Rick Jordan, CEO and founder of Reachout Technology.
Amazon hasn’t had much success with household robots, but the iRobot acquisition and the company’s strong market reputation provide a “massive foothold in the consumer robot market” that could help Amazon replicate the success of its Echo line of smart speakers, said Lian Jye Su, a robotics industry analyst for ABI Research.
“If I was looking at this from Amazon’s perspective of wanting to provide a complete, connected home it’s a good ambitious goal in and of itself, it’s fairly ethical,” Jordan said. “However, there has to be a lot of transparency to consumers as far as what data they’re collecting and what they’re going to use it for.”
Amazon’s Alexa can already warm users’ homes, control the lights, keep track of schedules and add vacuuming to its list.
“This tech makes life easier for lazier people. I would include myself in that because of certain tasks I don’t like doing,” Jordan said. “That’s fine, but how do we give up so much privacy just to obtain a little more convenience?”
Here’s a glimpse at the data Roombas have already collected on users:
- Billing information
- Mailing address
- Social media accounts, if you signed up through one
- Any data from other devices you’ve connected to, including your smartphone
If you want to better protect yourself from targeted ads, check your privacy settings on your Amazon account. There, you can limit Amazon’s permission to track.
These privacy concerns come after the tech giant was previously in hot water for listening in through its devices like Alexa. Last month, Amazon admitted to providing Ring, the company’s security-surveillance doorbell, footage to law enforcement 11 times this year without the user’s permission. | https://www.ozarksfirst.com/local-news/national-news/what-personal-data-could-amazon-get-from-buying-roomba/ | 2022-08-10T21:15:53Z | https://www.ozarksfirst.com/local-news/national-news/what-personal-data-could-amazon-get-from-buying-roomba/ | false | 20 |
ALEXANDRIA, Va., Aug. 10, 2022 /PRNewswire/ -- Amidst troubling macroeconomic trends and talks of a possible recession, hiring defied all expectations with U.S. businesses adding 528,000 jobs in July. Compared to the broader employment trend, job growth in the IT sector remained essentially unchanged from June, down 0.02% in July, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment was up a meager 0.32% from July 2021, adding a net of only 17,400 jobs in the year's period. The Engineering sector showed a year-over-year job growth rate of 4.08%, with the addition of 106,900 jobs over the course of the year.
"We continue to see a very strong demand for tech talent and a shortage of qualified candidates," said Mark Roberts, CEO of TechServe Alliance. "This is validated by the low unemployment rate of 2.2% in the sector and by our member companies, who tell us that job requirements from their clients still continue unabated. It is not surprising that we are continuing to struggle in growing the overall technology jobs' pie because of this significant supply-demand imbalance.
"This really underscores the need for businesses to move quickly with hiring decisions, offer competitive compensation, and not hold out for that perfect candidate or they will lose the candidate to other employers in need of the same skill set."
The following table presents information about the total number of jobs in certain sectors that provide a significant amount of employment for IT and engineering professionals.
Technical note: TechServe Alliance's IT Employment Index and Engineering Employment Index are the first specific measurements of IT and engineering employment. These unique measurements of total IT and engineering employment are created monthly by studying the ongoing staffing patterns of a dozen IT and computer related occupations in 22 industries and industry sectors employing significant numbers of IT workers and nearly two dozen engineering occupations in 30 select industries and industry sectors employing significant numbers of engineering workers. Both the monthly IT Employment and Engineering Employment Indices are based on U.S. Bureau of Labor Statistics (BLS) data, which is subject to monthly revisions, and is revised accordingly. Both indices are also subject to periodic revisions and annual revisions / benchmarking that includes revisions to several years of employment data, which also may incorporate new occupational definitions. Both indices were revised / benchmarked going back several years starting with January 2022 data and published in February 4, 2022. In addition, both indices are subject to minor revisions to March and April data. The next major revision will be published in February 2023.
TechServe Alliance is the national trade association of the IT & Engineering staffing and solutions industry. IT & Engineering staffing and solutions firms count on TechServe Alliance to keep their leadership informed, engaged, and connected. TechServe Alliance serves as the voice of the industry before the policymakers and the national and trade press. By providing access to the knowledge and best practices of an entire industry and tapping the "collective scale" of its members, TechServe Alliance supports its members in the efficient delivery of best-in-class IT & Engineering staffing and solutions for clients and exceptional professional opportunities for every consultant.
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SOURCE TechServe Alliance | https://www.wtap.com/prnewswire/2022/08/10/flat-tech-employment-growth-indicative-continued-talent-crisis-high-demand-skill-sets/ | 2022-08-10T21:16:17Z | https://www.wtap.com/prnewswire/2022/08/10/flat-tech-employment-growth-indicative-continued-talent-crisis-high-demand-skill-sets/ | true | 10 |
"He's Fast But Not Fast Enough" K9 Takes Down Armed Burglary Suspect In Ocala, Florida! XActionsReplayCopy Video URLCopy Embed CodeList All VideosThe Look On Her Face Tho: Bet She ll Never Get Her Hair Braided Again! He s Fast But Not Fast Enough K9 Takes Down Armed Burglary Suspect In Ocala, Florida! Imma Pee In My Pants .. Things Went Left Quick When Freddie Gibbs Was Tryna Get Shorty s Boots Off! BROKEN? 2,381 views Uploaded August 10, 2022 K9 Leo captures an armed burglary suspect in Ocala, Florida. Posted By Persist SHOW MORESHOW LESS Please click the “Report” button below if the video on this page is not working properly. Report this video! NEVERMIND, TAKE ME BACK Thanks! Your cooperation in making Worldstar a better site is always appreciated. Our team will now look into fixing this error. URL EMBED AUTOPLAY Embedding Options (Click to copy) Click to copy the embed code Close COPIED! CLICK TO POST AND SEE COMMENTS RECOMMENDED STREAMERS | https://worldstar.com/videos/wshh162j16ThglinOCcq/quothe039s-fast-but-not-fast-enoughquot-k9-takes-down-armed-burglary-suspect-in-ocala-florida | 2022-08-10T21:19:10Z | https://worldstar.com/videos/wshh162j16ThglinOCcq/quothe039s-fast-but-not-fast-enoughquot-k9-takes-down-armed-burglary-suspect-in-ocala-florida | true | 97 |
FORT SILL, Okla. (Aug. 10, 2022) — When it rains, it drains, and it must go somewhere. Where does the rainwater on Fort Sill go?
Water from inside our homes goes to a wastewater treatment facility for purification, but water from roofs, streets and outdoor faucets is untreated and goes directly into the storm drains — and straight to our waterways — picking up all kinds of contaminants along the way.
Polluted stormwater causes problems that come with an extremely high environmental and monetary price tag. According to Scott Sherman, Environmental Quality Division of the Directorate of Public Works. The most cost-effective way to manage stormwater pollution is to prevent it in the first place.
Sherman outlined five major culprits and what you can do to prevent them from polluting our water supply:
Grass clippings – the amount of phosphorous in grass clippings from mowing your lawn just once can produce up to 100 lbs. of unwanted algae if it ends up in local lakes and ponds. Too many nutrients in streams and lakes cause rapid growth of algae. The best prevention is to compost or bag your leaves and lawn clippings.
Leaf litter and landscape trash – account for 56 percent of phosphorous in urban stormwater, not to mention clogging storm drains, causing potential flooding and increasing debris in our waterways.
“Algae looks bad, smells bad, degrades water quality and can be harmful to your health,” said Sherman.
To prevent landscape trash from getting into our waterways do not blow leaves or lawn clippings into the street.
Fertilizer over-application – Just 1 pound of fertilizer over-application on the average lawn can equate to 34.2 lbs. of excess algae growing in streams and lakes.
“Excess nutrients – specifically nitrogen and phosphorous, pollute stormwater run-off from urban areas, contributing to the third cause of lake deterioration in the U.S.,” Sherman said. “Always follow the manufacturer’s application recommendations. Fertilizing in the early fall promotes healthy root systems – leading to stronger, more resilient lawns and plants.”
Another way to prevent over application of fertilizer is to sweep up any spills or overspray of fertilizers on sidewalks and streets.
Washing your car in the driveway – When you wash your car in the driveway, you are washing about 120 gallons of grime-filled water downstream. The soap, together with the dirt, grease and grime flows untreated into nearby storm drains, which run directly into lakes and streams.
“Phosphates from soap can cause excess algae to grow, impacting aquatic habitats,” said Sherman. “You can use a commercial car wash, where water is recycled and sent to treatment facilities. Wash your car on the lawn or gravel and always dump your soapy bucket in the sink.”
The fifth culprit is dog poop. If owners do not clean up after their pooches, 390 million pounds of poop can wash into our waterways every year just in Oklahoma, said Sherman. Dog waste contains 10% phosphates and 2% nitrates, contributing to algae growth.
“As algae decays, it uses up oxygen in our water, leading to a decline in our drinking water quality — and making it more expensive to treat,” said Sherman. “Dog waste also carries disease-causing bacteria into our water supply. The best thing to do is clean up dog waste and dispose of it properly.”
Fort Sill has four main waterways that stormwater drains into: Medicine Creek, Sitting Bear Creek, Wolf Creek and East Cache Creek. Protect these waterways by keeping pollution out of storm drains and run off.
This work, Protecting our stormwater, by Christopher Wilson, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright. | https://www.dvidshub.net/news/426975/protecting-our-stormwater | 2022-08-10T21:25:06Z | https://www.dvidshub.net/news/426975/protecting-our-stormwater | false | 1 |
The first opera to be performed in the coming Centennial Season of the San Francisco Opera (SFO) will be the latest opera composed by John Adams, Antony and Cleopatra. This work was commissioned by SFO in conjunction with Liceu Opera Barcelona, Teatro Massimo di Palermo, and the Metropolitan Opera; but, because of its centennial significance, SFO will enjoy the privilege of giving the opera its world premiere performance. It will also mark the post-pandemic return of a full SFO season.
Eun Sun Kim conducting a reading of John Adams’ score this past December (photograph by Kristen Loken, courtesy of SFO)
As might be expected, the libretto of Adams’ opera involves an adaptation of the play by William Shakespeare with the same title. Adams himself worked on that adaptation with consultation provided by Elkhanah Pulitzer and Lucia Scheckner. Pulitzer will also direct the staging of the opera, and Scheckner will serve as dramaturg. The conductor will be Caroline H. Hume Music Director Eun Sun Kim.
As one can see from the Wikipedia page, Shakespeare’s play had one of the largest casts he had summoned to present his narrative. However, there are only five principal characters. In the opera performance the role of Cleopatra will be sung by soprano Amina Edris, who is, herself, Egyptian (as well as being and Adler alumna). Antony will be sung by bass-baritone Gerald Finley. Those that know their Roman history probably know that, following the assassination of Julius Caesar, the Roman Republic was led by a triumvirate, which included Mark Antony, Octavius Caesar, and Lepidus. Tenor Paul Appleby will sing the role of Caesar, and Lepidus will be sung by bass Philip Skinner (also an Adler alumnus). The only one of Shakespeare’s principal character to be omitted from the opera libretto is Sextus Pompey, who led a rebellion that tried to overthrow the triumvirate. (Those who know the line “Knew you not Pompey?” from Shakespeare’s Julius Caesar probably also know that it refers to Sextus’ father, who had been in a triumvirate with Julius, which dissolved when Caesar took full leadership.)
In the context of this cast of characters, it is worth noting that Shakespeare was not the only source for Adams’ libretto. Plutarch (46–119) wrote biographies of both Julius and Octavius (later Augustus) Caesar. Virgil, on the other hand, wrote his Aeneid in service to Augustus. He had previously written the Georgics, which he apparently read to Octavius after the latter had defeated Antony and Cleopatra at the Battle of Actium. There are other classical texts that Adams may have consulted (such as The Twelve Caesars of Suetonius); but Virgil and Plutarch appear to be the primary influences (unless I am informed otherwise).
This production will be given seven performances at 7:30 p.m. on September 10, 15, 23, and 27, and October 5 and at 2 p.m. on September 18 and October 2. Ticket prices range from $26 to $408; and, depending on location, there is a facility fee of either $2 or $3 per ticket. There will also be a livestream of the September 18 matinee. Virtual tickets will be available later this month for $27.50. At that time they will be processed through the Web page for digital content. All other tickets may be purchased in the outer lobby of the War Memorial Opera House at 301 Van Ness Avenue or by calling the Box Office at 415-864-3330. Box Office hours are 10 a.m.–5 p.m. on Monday and 10 a.m. to 6 p.m. on Tuesday through Saturday. There is also a Web page with hyperlinks for purchasing tickets for all seven of the performances. | http://therehearsalstudio.blogspot.com/2022/08/sfo-first-centennial-opera-to-be-new.html | 2022-08-10T21:27:37Z | http://therehearsalstudio.blogspot.com/2022/08/sfo-first-centennial-opera-to-be-new.html | true | 1 |
Guilty of 23 counts involving the online sexual exploitation of children.
(LINN COUNTY, Ore.) - 39-year-old John Anthony DiMolfetto, of Gates, Oregon was sentenced to 1,027 months in prison today.
Last week, he was found guilty of 23 counts related to an online child exploitation investigation which was reported to the Linn County Sheriff’s Office in April of 2020.
According to Linn County Sheriff Michelle Duncan, the investigation revealed John DiMolfetto created dozens of personas and used numerous social media and texting accounts to manipulate, deceive, and exploit children as young as 7-years-old over a span of nearly a decade.
Investigators believe DiMolfetto either exploited or attempted to exploit over 300 children across the United States in the six months prior to his arrest. Some of the child victims were known by John DiMolfetto and others were children he met on the internet.
He was arrested on May 13, 2020, after detectives of the Linn County Sheriff’s Office served a search warrant at his residence in Gates, Linn County, Oregon.
John DiMolfetto was found guilty of 23 counts involving the online sexual exploitation of children on August 3, 2022, following a bench trial. Some of the charges incurred sentences that will be served concurrently (at the same time).
However, ultimately John DiMolfetto will spend 35 years and 10 months in prison with no time reduction.
John DiMolfetto has been lodged at the Linn County Jail since the date of his arrest.
Source: Linn County Sheriff
All comments and messages are approved by people and self promotional links or unacceptable comments are denied. | http://salem-news.com/articles/august082022/dimolfetto-child-predator-oregon.php | 2022-08-10T21:29:29Z | http://salem-news.com/articles/august082022/dimolfetto-child-predator-oregon.php | false | 1 |
«In Indian, my mother’s language, my name means ‘Light that shines everywhere’ … even if my life paradoxically seems like an infinite tunnel where light never reaches». This is how Amitabho Carrer described himself ten years ago, who died at 37 after a life with a very rare disease. Funeral on Saturday | https://www.breakinglatest.news/news/mogliano-dies-at-37-after-a-life-with-a-very-rare-syndrome/ | 2022-08-10T21:29:30Z | https://www.breakinglatest.news/news/mogliano-dies-at-37-after-a-life-with-a-very-rare-syndrome/ | true | null |
Nathan Rourke and the B.C. Lions will get to know the Calgary Stampeders very well over the next few weeks.
B.C. (6-1) visits Calgary (5-2) on Saturday night in the first of three meetings between the conference rivals. The Lions return to McMahon Stadium on Sept. 17 before the two teams meet at B.C. Place Stadium on Sept. 24.
The Lions are in the midst of a stretch that sees them playing seven-of-eight games against West Division rivals. They've already secured wins over Saskatchewan (32-17 on July 29) and Edmonton (46-14 on Saturday) and will also face the Riders in a home-and-home series Aug. 19 and Aug. 26.
Six of Calgary's next seven regular-season contests are also within the West Division, including the annual home-and-home Labour Day series with Edmonton. The Stampeders will also face first-place Winnipeg (9-0) on Aug. 25.
Rourke is coming off a record-setting performance against Edmonton, completing 34-of-37 passes for 477 yards and five TD passes. The 477 yards was a Canadian single-game record while the 91.2 per cent completion mark was also a CFL mark.
He also ran five times for 25 yards and a TD.
Dominique Rhymes had nine catches for 91 yards and three TDs versus Edmonton while Lucky Whitehead registered six receptions for 148 yards and a touchdown.
Rourke currently leads the CFL in passing (2,418 yards), TDs (21) and completion percentage (81.3 per cent). The Lions are also tops in offensive points (35.7 per game), offensive TDs (31), net yards (447.9) passing yards (349.4), rushing TDs (10) and fewest sacks allowed (seven).
B.C. also sports a defence that's tops against the pass (224.6 yards per game) and run (75.3 yards) and is allowing a league-low 279.3 net offensive yards per game. The Lions are also second in fewest offensive points surrendered (18.4).
Calgary is coming off a 17-3 win over Ottawa that was anchored by its defence. Defensive back Titus Wall had two interceptions, returning one 46 yards for the TD, to help the Stamps earn their first win in three games.
Veteran starter Bo Levi Mitchell finished 13-of-27 passing for 137 yards with one interception. Mitchell, twice the CFL's outstanding player and a two-time Grey Cup champion, needs just six yards to surpass Henry Burris (32,191) as the franchise's all-time passing leader.
Dedrick Mills ran for 100 yards on 16 carries for Calgary, which boasts the CFL's top rushing attack (114.4 yards per game, 5.6-yard average per carry). Mills got the start ahead of injured incumbent Ka'Deem Carey, the league's second-ranked rusher with 471 yards (stellar 6.5-yard average).
Carey didn't practise Tuesday due to a hamstring injury.
Calgary was also minus head coach Dave Dickenson (COVID-19 protocol). Special teams co-ordinator Mark Kilam handled head-coaching duties against Ottawa but Dickenson will return to face B.C.
One of the many interesting matchups in this contest will be a B.C. offence that's recorded a CFL-leading 16 completions of 30-plus yards facing a Calgary defence that's allowed a league-low six 30-plus yard completions. Unfortunately for the Stampeders, veteran defensive back Tre Roberson (season-ending knee surgery) is out.
Pick: B.C.
Montreal Alouettes versus Winnipeg Blue Bombers (Thursday night)
At Winnipeg, veteran receiver Greg Ellingson returns for the Bombers (9-0) after missing three games with a hip injury. Quarterback Zach Collaros threw two TD passes and Janarion Grant returned a punt 57 yards for a touchdown to lead the West Division leaders to a 35-20 road win over Montreal (2-6). Starter Trevor Harris (back) didn't practise earlier in the week but will start after completing 16-of-26 passes for 127 yards and a TD with two picks in last week's loss.
Pick: Winnipeg.
Toronto Argonauts versus Hamilton Tiger-Cats (Friday night)
At Hamilton, Toronto (4-3) rallied for a 34-20 home win last week. Benoit Marion returned a blocked punt 24 yards for the TD as the Argos outscored their rivals 28-6 in the second half and 18-3 in the fourth. That's been a recurring problem for the Ticats (2-6), who've been outscored 154-58 in the second half and 95-29 in the fourth this season. Both of the home team's wins this season have come at Tim Hortons field but Matt Shiltz might start with incumbent Dane Evans nursing a reported shoulder ailment.
Pick: Hamilton.
Saskatchewan Roughriders versus Edmonton Elks (Saturday night)
At Edmonton, the Elks (2-6) haven't won at Commonwealth Stadium since October 2019, a span of 11 games. What's more, they're coming off a lopsided 46-14 road loss to the Lions last week. Saskatchewan (4-4) should be well rested coming off a bye week. The time off should benefit starter Cody Fajardo (knee), who's 4-0 versus Edmonton. The Riders have also won their last three games in the Alberta city, including a 26-16 decision on June 18.
Pick: Saskatchewan.
Last week: 4-0.
CP's overall record: 29-6.
This report by The Canadian Press was first published Aug. 10, 2022. | https://www.chroniclejournal.com/sports/national_sports/canadian-rourke-leads-b-c-lions-into-calgary-to-face-stamps-in-intriguing-matchup/article_f1b66492-3576-51bc-9043-8427ce3ebcd2.html | 2022-08-10T21:29:49Z | https://www.chroniclejournal.com/sports/national_sports/canadian-rourke-leads-b-c-lions-into-calgary-to-face-stamps-in-intriguing-matchup/article_f1b66492-3576-51bc-9043-8427ce3ebcd2.html | false | 17 |
ALBUQUERQUE, N.M. (AP) — A fear of attacks that had rippled through Muslim communities nationwide after the fatal shootings of four men in Albuquerque, New Mexico, gave way to shock and sadness when it turned out the suspect in the killings was himself a Muslim.
Muhammad Syed, 51, of Albuquerque, was arrested Monday after a traffic stop more than 100 miles (160 kilometers) from his Albuquerque home. The Afghan immigrant denied any connection to the crimes that shook the city and its small Muslim community.
In court documents, in fact, he told police that he was so unnerved by the slayings that he was driving to Houston to find a new home for his family.
But investigators say they have ample evidence to prove his guilt, though they have yet to uncover the motive. The first ambush-style shooting happened in November and was followed by three more between July 26 and Aug. 5.
According to the criminal complaint, police determined that bullet casings found in Syed’s vehicle matched the caliber of the weapons believed to have been used in two of the killings and that casings found at the crime scenes were linked to guns found at Syed’s home and in his vehicle.
Of the more than 200 tips police received, it was one from the Muslim community that led them to the Syed family, authorities said, noting that Syed knew the victims and “an interpersonal conflict may have led to the shootings.”
The news of Syed’s arrest stunned Muslims in Albuquerque.
“I wanted a little closure for the community, as we saw it going out of hand and people were really panicking, but, I’ll be honest with you, I was shocked,” said Samia Assed, a community organizer and member of the Islamic Center of New Mexico.
“I was angry, frustrated,” Assed said, adding that she did not want “these heinous crimes to be in any way, in any capacity used to divide a community.” But she also said that the Muslim community in New Mexico is “going to have a more united front.”
Prosecutors on Wednesday filed a motion to detain Syed without bond pending trial. “He is a very dangerous person, and the only way to protect the community is to hold the defendant in custody,” they said.
Authorities seized a 9 mm handgun from his vehicle and found an AK-47-style rifle and a pistol of the same caliber at the family home while serving a search warrant, according to court documents, which indicate the weapons were legally purchased last month. Syed bought the rifle, and his son Shaheen Syed purchased the pistol, at a local gun shop.
On Wednesday, Shaheen Syed was charged by federal prosecutors with providing a false Florida address when he bought two rifles last year. He has denied any role in the killings and has not been charged in connection with them.
Muhammad Syed has lived in the United States for about five years, police said. When interviewed by detectives, Syed spoke through a Pashto interpreter and said he had been with the special forces in Afghanistan and fought against the Taliban, the criminal complaint said.
Police say they are looking at a number of possible motives. When asked at a news conference Tuesday if Syed, a Sunni Muslim, was angry that his daughter married a Shiite Muslim, Deputy Police Cmdr. Kyle Hartsock did not respond directly. He said “motives are still being explored fully to understand what they are.”
Ahmad Assed, president of the Islamic Center of New Mexico, on Tuesday acknowledged that “there was a marriage,” but he cautioned against coming to any conclusions about the motivation of the suspect, who occasionally attended the center’s mosque.
CNN interviewed Syed’s daughter shortly before the announcement of his arrest. She said her husband was friends with two of the men who were killed. She also acknowledged her father initially was upset about her 2018 marriage but recently had been more accepting.
“My father is not a person who can kill somebody,” the woman told CNN, which did not disclose her identity to protect her safety. “My father has always talked about peace. That’s why we are here in the United States. We came from Afghanistan, from fighting, from shooting.”
In 2017, a boyfriend of Syed’s daughter reported to police that Syed, his wife and one of their sons had pulled him out of a car, punching and kicking him before driving away, according to court documents. The boyfriend, who was found with a bloody nose, scratches and bruises, told police that he was attacked because they did not want her in a relationship with him.
Syed was arrested in May 2018 after a fight with his wife turned violent, court documents said. Prosecutors said both cases were later dismissed after the victims declined to press charges.
Syed also was arrested in 2020 after he was accused of refusing to pull over for police after running a traffic light, but that case was eventually dismissed, court documents said.
The Albuquerque slayings drew the attention of President Joe Biden, who said such attacks “have no place in America.” They also sent a shudder through Muslim communities across the U.S. Some people questioned their safety and limited their movements.
“There is no justification for this evil. There is no justification to take an innocent life,” Nihad Awad, executive director of the Council on American–Islamic Relations, said at a Tuesday news conference in Washington, D.C. He called the killings “deranged behavior.”
The earliest case involves the November killing of Mohammad Ahmadi, 62, from Afghanistan.
Naeem Hussain, a 25-year-old man from Pakistan, was killed last Friday. His death came just days after those of Muhammad Afzaal Hussain, 27, and Aftab Hussein, 41, who were also from Pakistan and members of the same mosque.
Investigators consider Syed to be the primary suspect in the deaths of Naeem Hussain and Ahmadi but have not yet filed charges in those cases.
Ehsan Chahalmi, the brother-in-law of Naeem Hussain, said he was “a generous, kind, giving, forgiving and loving soul that has been taken away from us forever.”
Police said they were about to search Syed’s Albuquerque home on Monday when they saw him drive away in a Volkswagen Jetta that investigators believe was used in at least one of the slayings.
___
Dazio reported from Los Angeles and Fam from Winter Park, Florida. Associated Press writer Robert Jablon in Los Angeles and researchers Rhonda Shafner and Jennifer Farrar in New York contributed to this report.
___
Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. | https://myfox8.com/news/ap-top-headlines/afghan-man-charged-in-killings-of-muslims-in-new-mexico/ | 2022-08-10T21:30:50Z | https://myfox8.com/news/ap-top-headlines/afghan-man-charged-in-killings-of-muslims-in-new-mexico/ | false | 18 |
Indian actor Aamir Khan enjoyed “Forrest Gump” so much that he’s starring in a Hindi remake.
Released in 1994, the original film went on to sweep the Oscars, taking six trophies including best picture and best actor for Tom Hanks. Directed by Robert Zemeckis and written by Eric Roth based on Winston Groom’s novel, “Forrest Gump,″ is the tale of a slow-witted but mathematically gifted man who witnesses key points and figures of U.S. history, like the Vietnam War, presidents and Elvis Presley.
Nearly 30 years later, the story has been given an Indian makeover — with Khan taking on the role of the titular character “Laal Singh Chaddha” — including converting the line “Run, Forrest, run” into “Run, Laal, run.”
“I just remember seeing it a couple of times in a short span, and it had a deep impact on me, Khan says “I loved the character of Forrest. I loved the way Tom played the part as well. And it’s a film that stayed with me.”
It took a decade for Khan to get the movie rights. But big changes were made to root “Laal Singh Chaddha” in Indian history and culture, with both the Kargil war and superstar Shah Rukh Khan appearing.
Laal does not think life is like a box of chocolates, he instead likes to quote his mother talking about Golgappas – small circles of filled, deep-fried flatbread enjoyed with spiced water, which has a slightly different meaning than the original motto.
”(Forrest says) ‘my momma used to say life is like a box of chocolates: you never know which one you would get.’ And in this one, the English translation is, ‘My mama used to say that life is like a Golgappa: your stomach gets full, but your heart desires more,’” explains Khan.
He says writer Atul Kulkarni was adapting what was “essentially American” into something “quintessentially Indian and very relevant to us culturally.”
Directed by Advait Chandan, “Laal Singh Chaddha” also stars Kareena Kapoor Khan, Mona Singh and Naga Chaitanya.
Khan says he asked Kapoor Khan, who’s had a successful career for more than two decades, to try out for the pivotal role of Laal’s friend, Rupa D’souza.
“She’s such a huge star and she’s never auditioned for a part in her life. But for me, doing an audition for the part is perfectly natural because even I want to see how close I am to the character. So we’re not really testing to see that a person can act or not, but really how suitable the person is for the part. But that’s something which is very unusual in India.”
Another huge star who makes a small but important appearance in the movie is legendary Indian actor Shah Rukh Khan. No audition needed, as he’s portraying himself.
“We were trying to look for an equivalent to Elvis Presley in America. And I think for us, it was an obvious choice to go for Shah Rukh, because he’s such a huge star and everyone loves him so much,” Khan says. “He was really sporting and generous and said, yes, I’d love to do that.”
“Laal Singh Chaddha” is releasing around the world this month — including on 350 screens in the U.K., which is a new record for an Indian movie.
“I’m really nervous,” Khan admits.
“It’s a film that we’ve made with so much love and care and it’s been such a challenging film to make. The whole journey has been difficult but exciting and fun.”
A lot of that journey was spent sprinting towards the finish line — and he “ran a lot,” Khan says.
“For a month and a half we were traveling across the country, and each place we went to I just was running, and Advait as a director was quite heartless. He would start a shot and he would be in the car, and there would be a camera in the car, and I would be running and the car would be just driving, and it would be a few kilometers by the time he said cut.”
“Laal Singh Chaddha” releases in India, Germany, France, Singapore, the U.K. and the U.S. on Thursday. | https://cw39.com/news/entertainment/ap-entertainment/run-laal-run-aamir-khan-stars-in-indian-forrest-gump/ | 2022-08-10T21:31:02Z | https://cw39.com/news/entertainment/ap-entertainment/run-laal-run-aamir-khan-stars-in-indian-forrest-gump/ | true | 30 |
TORONTO - Several Ontario hospitals say they are preparing for potential shortage of epidural catheters as the province takes steps to track the inventory of the devices used to provide anesthesia during childbirth and some surgeries.
Lakeridge Health in Durham Region said it's facing a potential shortage of epidural catheters related to supply-chain issues across North America.
The health network, which consists of five hospitals, said it's working with the government of Ontario to address the issue, but notes it has an "adequate supply" for the short term.
Niagara Health said it's taking steps to manage its supply of epidural catheters, as well as conserve and share resources, in light of the global shortage.
The health unit said it also identifying alternative vendors.
"The medical team will work with each patient to assess their situation and determine pain management options," the health unit said in a statement.
"Hospitals across Ontario are facing similar pressures due to ongoing supply-chain issues, and we will continue to respond to these challenges."
William Osler Health System, a network of three hospitals in the Greater Toronto Area, said it has been working with suppliers and government to secure inventory and mitigate the impact on its services.
The health network said it has developed an epidural catheter supply strategy and continues to monitor the situation.
Ontario's health ministry said the province currently has an adequate supply of epidural catheters, but it will work with hospitals to track inventory and assess the need for redistribution of the devices when possible.
"Recently, some Canadian provinces have experienced shortages in the availability of epidural catheters due to supply chain issues," spokesman Bill Campbell said in a statement.
The ministry said hospitals will receive instructions on how to assess and report on current inventory in the coming days.
Meanwhile, the provincial agency Ontario Health is working with Health Canada, suppliers, distributors, manufacturers and other partners to "understand current and future supply" and "support a provincewide approach to equitable access to supplies," Campbell said.
The agency is also convening a clinical working group to advise on the issue and what's needed to offset potential effects on patient care, he said.
This report by The Canadian Press was first published Aug. 10, 2022. | https://www.kelownadailycourier.ca/news/national_news/quebec/article_f7ac2dd5-1258-57d0-8e33-fca6aca225e1.html | 2022-08-10T21:32:45Z | https://www.kelownadailycourier.ca/news/national_news/quebec/article_f7ac2dd5-1258-57d0-8e33-fca6aca225e1.html | false | 4 |
Ledge Wealth Management Inc. acquired a new position in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV – Get Rating) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,876 shares of the company’s stock, valued at approximately $595,000.
Other institutional investors also recently bought and sold shares of the company. Spire Wealth Management boosted its holdings in Invesco S&P 500 Low Volatility ETF by 5.6% in the 1st quarter. Spire Wealth Management now owns 38,904 shares of the company’s stock worth $2,610,000 after buying an additional 2,065 shares during the last quarter. Latitude Advisors LLC boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 50.0% during the 1st quarter. Latitude Advisors LLC now owns 8,658 shares of the company’s stock worth $581,000 after purchasing an additional 2,886 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 8.7% during the 1st quarter. Pinnacle Associates Ltd. now owns 7,251 shares of the company’s stock worth $486,000 after purchasing an additional 583 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in Invesco S&P 500 Low Volatility ETF by 210.7% in the first quarter. Qube Research & Technologies Ltd now owns 175,190 shares of the company’s stock valued at $11,753,000 after acquiring an additional 118,796 shares during the last quarter. Finally, PFS Investments Inc. lifted its holdings in Invesco S&P 500 Low Volatility ETF by 3.4% in the fourth quarter. PFS Investments Inc. now owns 1,233,773 shares of the company’s stock valued at $84,674,000 after acquiring an additional 40,058 shares during the last quarter.
Invesco S&P 500 Low Volatility ETF Trading Up 0.8 %
SPLV traded up $0.54 during trading hours on Wednesday, reaching $65.32. The company’s stock had a trading volume of 190,069 shares, compared to its average volume of 6,010,957. Invesco S&P 500 Low Volatility ETF has a fifty-two week low of $58.16 and a fifty-two week high of $69.82. The business’s 50-day moving average is $62.29 and its 200-day moving average is $64.24.
Further Reading
- Get a free copy of the StockNews.com research report on Invesco S&P 500 Low Volatility ETF (SPLV)
- The How And Why of Investing in Oil Stocks
- The How and Why of Investing in Gold Stocks
- Workhorse Group Is Ready To Get Back On The Horse
- A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
- Are 3M, Honeywell, GE Buys After Quarterly Reports?
Want to see what other hedge funds are holding SPLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV – Get Rating).
Receive News & Ratings for Invesco S&P 500 Low Volatility ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Low Volatility ETF and related companies with MarketBeat.com's FREE daily email newsletter. | https://theenterpriseleader.com/2022/08/10/ledge-wealth-management-inc-purchases-new-position-in-invesco-sp-500-low-volatility-etf-nysearcasplv.html | 2022-08-10T21:32:58Z | https://theenterpriseleader.com/2022/08/10/ledge-wealth-management-inc-purchases-new-position-in-invesco-sp-500-low-volatility-etf-nysearcasplv.html | true | 1 |
This Wednesday, Luan was officially presented as a new Santos player. Linked to Timão, the athlete spoke about his visit to Parque São Jorge. The player revealed that the pandemic hindered his adaptation at Corinthians and said that he lost space with the changes of coaches at the alvinegro club.
“I had been playing with Tiago Nunes. I scored. The pandemic arrived. When we came back, we didn’t keep the same pace, we didn’t do well as a team, and so did I. With the change of coach, I didn’t play. Last year I asked to play, I came back scoring. I helped get to the Paulista semi. With the change of coach, I missed the opportunity”, said the former number 7 of Timão in an interview at the official presentation at Santos.
Luan was signed in early 2020. The player scored two goals on his debut, in a 2-1 victory against New York City in the Florida Cup. However, throughout his career, the athlete lost ground. The former number 7 of Timão revealed that he did not understand why he was not being used by Vítor Pereira this season.
“I was always ready to play. I had an injury that hindered me, but I was already training normally. That was an option, I don’t know if it was the director’s or the coach’s. I was 100% prepared. I didn’t understand why I wasn’t playing. But that passed”, said Luan.
And throughout his career at the Parque São Jorge club, the player played 80 matches and scored 11 goals. Luan’s last match for Timão was in February this year, in a 1-1 draw against Botafogo de Ribeirão Preto, still in the first phase of Paulistão. He is on loan at Santos until November 30 this year.
See more at: Luan, Ball Market and Borrowed Players. | https://thegoaspotlight.com/2022/08/10/luan-says-he-was-100-and-says-he-doesnt-understand-why-he-wasnt-playing-for-corinthians/ | 2022-08-10T21:33:54Z | https://thegoaspotlight.com/2022/08/10/luan-says-he-was-100-and-says-he-doesnt-understand-why-he-wasnt-playing-for-corinthians/ | true | 2 |
MIDLAND, Mich., Aug. 10, 2022 /PRNewswire/ -- Dow (NYSE: DOW) has declared a dividend of 70 cents per share, payable September 9, 2022, to shareholders of record on August 31, 2022.
This marks the 444th consecutive dividend paid by the Company or its affiliates since 1912.
About Dow
Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance (ESG) leadership to achieve profitable growth and deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates 104 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $55 billion in 2021. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
Twitter: https://twitter.com/DowNewsroom
Facebook: https://www.facebook.com/dow/
LinkedIn: http://www.linkedin.com/company/dow-chemical
Instagram: http://instagram.com/dow_official
Cautionary Statement about Forward-Looking Statements
Certain statements in this report are "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements often address expected future business and financial performance, financial condition, and other matters, and often contain words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "may," "opportunity," "outlook," "plan," "project," "seek," "should," "strategy," "target," "will," "will be," "will continue," "will likely result," "would" and similar expressions, and variations or negatives of these words or phrases.
Forward-looking statements are based on current assumptions and expectations of future events that are subject to risks, uncertainties and other factors that are beyond Dow's control, which may cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements and speak only as of the date the statements were made. These factors include, but are not limited to: sales of Dow's products; Dow's expenses, future revenues and profitability; the continuing global and regional economic impacts of the coronavirus disease 2019 ("COVID-19") pandemic and other public health-related risks and events on Dow's business; any sanction, export restrictions, supply chain disruptions or increased economic uncertainty related to the ongoing conflict between Russia and Ukraine; capital requirements and need for and availability of financing; unexpected barriers in the development of technology, including with respect to Dow's contemplated capital and operating projects; Dow's ability to realize its commitment to carbon neutrality on the contemplated timeframe; size of the markets for Dow's products and services and ability to compete in such markets; failure to develop and market new products and optimally manage product life cycles; the rate and degree of market acceptance of Dow's products; significant litigation and environmental matters and related contingencies and unexpected expenses; the success of competing technologies that are or may become available; the ability to protect Dow's intellectual property in the United States and abroad; developments related to contemplated restructuring activities and proposed divestitures or acquisitions such as workforce reduction, manufacturing facility and/or asset closure and related exit and disposal activities, and the benefits and costs associated with each of the foregoing; fluctuations in energy and raw material prices; management of process safety and product stewardship; changes in relationships with Dow's significant customers and suppliers; changes in consumer preferences and demand; changes in laws and regulations, political conditions or industry development; global economic and capital markets conditions, such as inflation, market uncertainty, interest and currency exchange rates, and equity and commodity prices; business or supply disruptions; security threats, such as acts of sabotage, terrorism or war including the ongoing conflict between Russia and Ukraine; weather events and natural disasters; disruptions in Dow's information technology networks and systems; and risks related to Dow's separation from DowDuPont Inc. such as Dow's obligation to indemnify DuPont de Nemours, Inc. and/or Corteva, Inc. for certain liabilities.
Where, in any forward-looking statement, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. A detailed discussion of principal risks and uncertainties which may cause actual results and events to differ materially from such forward-looking statements is included in the section titled "Risk Factors" contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022. These are not the only risks and uncertainties that Dow faces. There may be other risks and uncertainties that Dow is unable to identify at this time or that Dow does not currently expect to have a material impact on its business. If any of those risks or uncertainties develops into an actual event, it could have a material adverse effect on Dow's business. Dow and TDCC assume no obligation to update or revise publicly any forward-looking statements whether because of new information, future events, or otherwise, except as required by securities and other applicable laws.
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SOURCE The Dow Chemical Company | https://www.wjhg.com/prnewswire/2022/08/10/dow-declares-quarterly-dividend-70-cents-per-share/ | 2022-08-10T21:33:54Z | https://www.wjhg.com/prnewswire/2022/08/10/dow-declares-quarterly-dividend-70-cents-per-share/ | false | 49 |
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PROSPECT CAPITAL CORP (Form424B2) (0001287032-22-000258)
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0001287032-22-000258 | https://www.benzinga.com/secfilings/22/08/28405100/prospect-capital-corp-form424b2-0001287032-22-000258 | 2022-08-10T21:34:48Z | https://www.benzinga.com/secfilings/22/08/28405100/prospect-capital-corp-form424b2-0001287032-22-000258 | true | 254241 |
CLEVELAND, Aug. 10, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) announced that Kenneth C. Schilling, Senior Vice President, Chief Financial Officer and Treasurer, intends to retire from the Company effective December 31, 2022, after a 31-year career with Hyster-Yale and its predecessor parent company, NACCO Industries. In the context of this retirement, the Board of Directors has appointed Scott A. Minder, currently the Vice President – Treasurer and Investor Relations of ATI Inc., to succeed Mr. Schilling as Senior Vice President, Chief Financial Officer and Treasurer effective August 29, 2022. At that time, Mr. Schilling will become Senior Vice President – Special Financial Advisor to the Chairman to help ensure a seamless transition until his retirement date.
During Mr. Schilling's tenure as Chief Financial Officer and Treasurer, he has been a key member of the Hyster-Yale senior management team. He has directed important strategic financial initiatives, including guiding Hyster-Yale through its spin off from NACCO Industries in September 2012. Further he has been an important influence on enabling the Company to best leverage its resources for investments in the people, products and processes that are setting the path for the Company's long-term growth. Mr. Schilling's service to the Company over the past 31 years has been outstanding and the senior leadership team is grateful that Mr. Schilling will lend his experience and expertise to ensuring a successful transition of the Chief Financial Officer and Treasurer role to Mr. Minder.
Mr. Minder most recently served as Vice President – Treasurer and Investor Relations of ATI Inc. since June 2018, having previously served as Vice President, Investor Relations since joining ATI in June 2017. Previously he worked for PPG Industries from 2009 to 2017 in various financial roles, including Director, Investor Relations, Global Business Controller – Industrial Coatings, Packaging Coatings and CFO-Automotive OEM Coatings. Prior to joining PPG Industries in 2009, Mr. Minder was CFO for the automotive division and Director, Global Quality at Penske Logistics. Mr. Minder also had a distinguished 11-year career with General Motors that spanned several positions of increasing responsibility within the finance function, including roles in manufacturing, marketing and corporate locations, culminating in investor relations. He has a B.S. in Management from Kettering University and a Master of Business Administration from Duke University.
In his role as Senior Vice President, Chief Financial Officer and Treasurer, Mr. Minder will oversee Hyster-Yale's finance, investor relations, tax and treasury functions.
Mr. Minder's selection is the outcome of an in-depth process to ensure that Mr. Schilling's successor has an extensive background in financial leadership, including treasury and process improvement, as well as financial oversight and participation in the Company's strategic initiatives. Mr. Minder's expertise makes him an outstanding successor as Hyster-Yale's next CFO and Treasurer. His breadth of financial expertise and background as a strong business leader, particularly in the automotive industry, is expected to serve the Company well as it continues to invest in its long-term growth strategy.
About Hyster-Yale Materials Handling
Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, offers a broad array of solutions to meet the specific materials handling needs of customers' applications. The Company's wholly owned operating subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. Subsidiaries of Hyster-Yale Group include Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names, and Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines. Hyster-Yale Group also has significant joint ventures in Japan (Sumitomo NACCO) and in China (Hyster-Yale Maximal). For more information about Hyster-Yale Materials Handling, Inc. and its subsidiaries, visit the Company's website at www.hyster-yale.com.
***
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SOURCE Hyster-Yale Materials Handling, Inc. | https://www.wjhg.com/prnewswire/2022/08/10/hyster-yale-materials-handling-inc-announces-cfo-succession-plan/ | 2022-08-10T21:35:21Z | https://www.wjhg.com/prnewswire/2022/08/10/hyster-yale-materials-handling-inc-announces-cfo-succession-plan/ | true | 11 |
GENEVA (AP) — Host nation Qatar is set to play in the opening game of its own World Cup tournament after all — and on a stand-alone day being added to the schedule barely 100 days before kickoff.
Soccer’s marquee tournament is now set start one day earlier than originally scheduled seven years ago in a move that would allow Qatar to play Ecuador on Nov. 20, a person familiar with the proposal told The Associated Press on Wednesday.
The person spoke on condition of anonymity because the person was not authorized to discuss the matter.
The proposal will be put before a committee comprised of FIFA president Gianni Infantino and the heads of the six continental soccer bodies, the person said. A decision is expected this week.
According to a letter sent by FIFA this week and seen by the AP, the governing body is asking for approval from the continental soccer bodies by Thursday.
Qatar should now get an exclusive Sunday slot for its opening ceremony and World Cup debut at the 60,000-capacity Al Bayt Stadium.
The World Cup is currently scheduled to start on Nov. 21, a Monday, based on a FIFA decision in 2015 after it agreed to push back the tournament to avoid the extreme desert heat in June and July. FIFA also got agreement for a shorter, 28-day program to minimize disruption to domestic soccer, especially in Europe, which will shut down ahead of the World Cup.
Recent World Cup tradition gave 2014 host Brazil and 2018 host Russia exclusive opening days to play their first opponents. But the tighter schedule in Qatar called for four games daily for the entire group stage — 48 games in 12 days.
At the tournament draw in Doha on April 1, the Netherlands, Senegal and Ecuador landed in Group A with Qatar. The Dutch and Senegal were allocated the 1 p.m. local time start and Qatar was to play Ecuador in the third game with an evening kickoff six hours later.
The proposal to create a 29-day tournament instead of 28 has been favored by Qatari officials and South American soccer body CONMEBOL, with talks also involving the Qatar and Ecuador soccer federations, the person told the AP.
FIFA acknowledged in its letter that changing the date, after tickets have been sold, would affect some traveling fans. However, FIFA said “any risk is sufficiently outweighed by the value and benefits of the proposal” commercially.
A Qatar-Ecuador game involves only a few players who are with European clubs. Several on the likely Ecuador roster play for clubs in Spain, the United States and Mexico, where leagues stop play ahead of the Nov. 12-13 weekend.
The schedule switch would have been tougher to agree to if Qatar was scheduled to open against the Netherlands, which has key members playing until Nov. 13 with clubs in England and Italy.
Because of the proposal, FIFA is expected to push back the Netherlands-Senegal from the lunchtime start to the early evening slot that would be vacated by Qatar.
While an opening game on a Sunday evening in Qatar should play well with viewers in Asia and Europe, in the United States it puts the World Cup in direct competition with NFL games. The U.S. soccer team plays its World Cup opener against Wales as the late Monday game in Qatar.
The 2022 World Cup is the first in the tournament’s 92-year history to be played outside of the traditional northern hemisphere summer. The previous 21 editions were all played between late-May and the end of July.
The Nov. 21-Dec. 18 tournament schedule was agreed to so European clubs could play on the Nov. 12-13 weekend before releasing their players to the 32 World Cup teams. Changing opening day should not alter the tournament rule that players must report from their clubs to national teams no later than Nov. 14, FIFA said in its letter.
The final will be played on Qatar’s National Day, a Sunday, allowing a full week for players to return to clubs before the Premier League plays its traditional Boxing Day games on Dec. 26.
Qatar original bid was made to host the tournament in June-July, promising innovative stadium cooling technology to overcome heat expected to reach 45 degrees Celsius (113 degrees Fahrenheit) during the first World Cup held in the Middle East.
In December 2010, Qatar won a controversial bid contest beating the United States 14-8 in a final round of voting by the FIFA executive committee, a group later widely discredited by corruption scandals.
More than four years later, FIFA moved the tournament to be played on dates when temperatures should be around 25 to 30 degrees C (77 to 86 degrees F).
Now, a further seven years later, the dates are set to change again.
___
More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports | https://myfox8.com/sports/ap-sports/fifa-looks-to-start-world-cup-in-qatar-1-day-earlier/ | 2022-08-10T21:36:14Z | https://myfox8.com/sports/ap-sports/fifa-looks-to-start-world-cup-in-qatar-1-day-earlier/ | false | 26 |
This year promises to be fruitful for Nintendo Switch, with upcoming releases including Bayonetta 3, Pokemon Scarlet and Violet and Splatoon 3. While Switch owners are waiting for these games, they should try Neon White, a recently released game. from the developer Angel Matrix and publisher Annapurna Interactive. Neon White, which is a hybrid of the mechanics of a puzzle platformer and a first-person shooter, released in June and received high praise and good reviews.
Neon White tells the story of its main character, suffering from amnesia, who finds himself transported from hell to heaven. As a Neon whose soul has been judged unfavorably, Neon White must compete with others to kill as many demons as possible and earn the right to go to Heaven. In between the platformer-based levels, players can interact and form relationships with non-player characters, including other neon red, green, yellow and purple. Many of the game’s design elements have been highly praised since its release, and it is currently among the highest-rated games of 2022.
link: Nintendo’s Splatoon 3 Live Presentation Announced This Week
Smooth, fast gameplay
The Neon White game, developed by Ben Esposito and written by Ryan Shannon, is inspired by a high-speed passage and is focused on a smooth and dynamic gameplay. Levels encourage the player to keep running and not stop while Neon mows down demon enemies; filled with secrets and tricks to increase speed, ranging from hidden shortcuts to White’s high jumps and ability to run on water. Top-level medals and other awards are primarily based on speed, encouraging players to master White’s dynamic movements.
In addition to platform levels, Neon White gives players weapons and abilities in the form of cards that can be collected and improved. Some maps have weapons, swords, and other items that White can equip, while others combine attack and defense abilities with White’s unique ways of moving around the map, such as shooting at a wall to increase the jump height. Finding and improving the best maps and weapons in Neon White can make the game even smoother and faster.
Stylish design and characters
But Neon White is not only White’s high—jumping and fast-paced gameplay. The cast of the game’s characters also received praise for their unique personalities and eye-catching design. Characters Neon White can interact with include his best friend Neon Yellow, potential love interest Neon Red, wild child Neon Purple, and mysterious rival Neon Green. Since the game takes place mostly in Heaven, White can also meet and talk with several adorable feline angels, including Mikey and Gabby.
The art style of the game is sharp and impressive, with bright colors that give the characters their names, contrasting with the stark white aesthetics of the main character and many Heaven-based platformer levels. Critics have compared Neon White’s anime aesthetic to that of Japanese action movies such as killer7. Its user interface is also minimalistic, which helps the game work well on the Nintendo Switch; an important point in favor of Neon White. Releases for other consoles are not currently planned and are not planned.
Neon white is great for playback
In addition to the platformer and first-person shooter elements, Neon White has segments inspired by the visual novel in which White can communicate with other neons and learn more about his mysterious life and death. Choosing white can lead to several endings, including “bad” and “good”. Most players reach a “bad” ending first, as the best ending requires players to perform certain actions, such as finding gifts and unlocking memories, before completing the game’s plot. Neon White players who failed to get a good ending are encouraged to continue playing so they can earn a happier fate for White and his fellow Neons.
In addition to repeating the story, secrets can be found on individual levels of Neon White and in segments between levels. Players can find collectibles, hidden cards, shortcuts and more, and levels can also be reworked to achieve greater speed and unlock rewards such as medals. There is even a special level of red medals awarded only to the fastest players. In addition to platforming and battles, players can complete side quests, give gifts to characters and decorate White’s room with new furniture and accessories received from heavenly angels.
Neon White may be a small independent studio release, but it should not be overlooked among the number of Nintendo Switch releases this year. Some fans and critics call Neon White a contender for numerous awards, including “Game of the Year”. Even if Switch owners are just looking for something to occupy themselves with until Bayonetta 3 or new Pokemon games are released, they can achieve much worse results than Neon White.
Neon White is already available on PC and Nintendo Switch. | https://www.somagnews.com/nintendo-switch-owners-shouldnt-sleep-on-neon-white/ | 2022-08-10T21:36:21Z | https://www.somagnews.com/nintendo-switch-owners-shouldnt-sleep-on-neon-white/ | false | 1 |
President Biden signs PACT Act into law
Legislation expands access to Veterans Affairs health care
WASHINGTON (Gray DC) - Veterans exposed to burn pits while serving overseas will have an easier time getting medical care. For many years, veterans’ service organizations have been working towards the change, saying younger veterans were dying due to exposure to toxic fumes, and said they’ve had to fight the VA to access care.
President Joe Biden signed the bipartisan Sergeant First Class Heath Robinson Honoring our Promise to Address Comprehensive Toxics (PACT) Act on Wednesday.
The law makes millions of combat veterans exposed to fumes from burning trash and fuel eligible for care from the VA, and for many, they will no longer be required to prove their illness is directly linked to breathing in smoke from burn pits.
Millions of veterans are eligible to make new claims. VA Secretary Denis McDonough said the VA is ready to handle the influx of new claims with new hires, and by processing claims electronically. He also tells Gray Television that the VA will make care available to more veterans immediately.
McDonough said, “No matter what the law says in terms of when it starts, we’re going to consider that having started today with the President’s signature. We’re going to get to work on it.”
McDonough also said the VA setup the website, va.gov/pact for veterans to file their claims. Activist and comedian Jon Stewart said it was really nice to see a burn lifted from the shoulders of these families, “Let’s get them the benefits that they deserve, the people that are fighting it right now, let’s get them the care they need.”
Copyright 2022 Gray DC. All rights reserved. | https://www.nbc12.com/2022/08/10/president-biden-signs-pact-act-into-law/ | 2022-08-10T21:39:56Z | https://www.nbc12.com/2022/08/10/president-biden-signs-pact-act-into-law/ | true | 13 |
You can now see and hear for yourself what YouTube keeps insisting is "misinformation" from President Donald Trump.
The social-media corporation, which incidentally suppressed that accurate reporting about Hunter Biden and his family cartel's schemes to do business with likely enemies of America just as his father was being voted on in 2020, censored a video from the Faith and Freedom Coalition.
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It held its Road to the Majority conference in Tennessee recently, and Trump, who has spoken at the event multiple times, addressed the audience.
Commentator Todd Starnes explained Trump commented on a variety of issues, to an enthused crowd.
TRENDING: Have we been fair-weather friends of Donald Trump?
"This is censorship, pure and simple," Ralph Reed, the founder of the Faith and Freedom Coalition, told Starnes.
YouTube claimed the speech violated its misinformation policy but the company refused to explain or provide specifics.
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It even rejected an appeal from the coalition.
"No doubt that the conservatives were victims of censorship – and for no good reason," Starnes said. "As Ralph Reed pointed out – disagreement does not equate to disinformation."
Starnes pointedly said YouTube can decide what is on its platform, and it has decided "Sex and debauchery meet their standards, but faith and freedom do not."
The speech itself:
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Trump commented on the "left-wing facism" that has engulfed Washington, D.C., these days.
And in November, at the midterm elections, he promised, "We're going to take back our freedom. We're going to take back our country."
He noted the "spirit of anger and hatred" that drives the leftists across America these days.
He said conservatives' wants are basic, and historic: home education, strong military, strong police, low taxes, few regulations.
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"So many things all of which we had just a year and a half ago," he said.
He pointed out leftists even "rage" against "nature itself."
"This is a spiritual problem," he said.
He explained radicalism has become the "religion" of leftist politicians.
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"It has warped their sense of wright and wrong, true and false, good and evil."
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Advertisement - story continues below | https://www.wnd.com/2022/08/see-youtube-insists-misinformation-trump/ | 2022-08-10T21:40:49Z | https://www.wnd.com/2022/08/see-youtube-insists-misinformation-trump/ | true | 1 |
Global High Voltage Power Transformer Market Research Report 2022 Professional Edition
The global High Voltage Power Transformer market was valued at 16340.15 Million USD in 2021 and will grow with a CAGR of 5.76% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
By Market Verdors:
By Types:
By Applications:
Key Indicators Analysed
Key Reasons to Purchase
Table of content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by High Voltage Power Transformer Revenue
1.4 Market Analysis by Type
1.4.1 Global High Voltage Power Transformer Market Size Growth Rate by Type: 2021 VS 2027
1.4.2 1-330 KV
1.4.3 330-500 KV
1.4.4 Above 500 KV
1.5 Market by Application
1.5.1 Global High Voltage Power Transformer Market Share by Application: 2022-2027
1.5.2 Residential Electricity
1.5.3 Commercial Electricity
1.5.4 Industrial Electricity
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global High Voltage Power Transformer Market
1.8.1 Global High Voltage Power Transformer Market Status and Outlook (2016-2027)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global High Voltage Power Transformer Production Capacity Market Share by Manufacturers (2016-2021)
2.2 Global High Voltage Power Transformer Revenue Market Share by Manufacturers (2016-2021)
2.3 Global High Voltage Power Transformer Average Price by Manufacturers (2016-2021)
2.4 Manufacturers High Voltage Power Transformer Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global High Voltage Power Transformer Sales Volume Market Share by Regio
CONTACT US:
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Similar Reports:
Global Extra High Voltage Power Transformer Market Insights and Forecast to 2028
Extra High Voltage Power Transformer Market – Global Outlook and Forecast 2022-2028
Global High-Voltage Power Transformer Market Insights and Forecast to 2028
High Voltage (35-550 KV) Power Transformer Market, Global Outlook and Forecast 2022-2028 | https://galleonnews.com/uncategorized/435746/global-high-voltage-power-transformer-market-research-report-2022-professional-edition-3/ | 2022-08-10T21:42:42Z | https://galleonnews.com/uncategorized/435746/global-high-voltage-power-transformer-market-research-report-2022-professional-edition-3/ | false | 3200 |
Polish newspaper Gazeta Wyborcza reported on Tuesday that up to 100,000 tons of chemical weapons of Nazi Germany left after World War II could be resting at the bottom of the Baltic Sea ready to trigger an environmental disaster as they corrode over time.
Gazeta Wyborcza wrote that between 40,000 to 100,000 tons of war-era weaponry lie at the bottom of various parts of the Baltic Sea.
"The exact quantity is difficult to estimate today. It is similarly difficult to precisely define all the dumping sites. After the Potsdam conference, soldiers of the Soviet Union who disarmed ammunition depots in Poland and Germany were responsible for 'neutralising' German chemical weapons."According to the newspaper, the chemical weapons in question are mainly barrels of mustard gas, aviation bombs, and mines containing chemical warfare agents, mainly mustard and arsenic.
The article reported that research by the Polish Academy of Sciences between 2011 and 2019 showed that mustard gas bombs pollute the sea to a radius of up to 70 meters, killing subaquatic flora and fauna.
Nazi chemical weapons were buried in the Baltic Sea in the first years after World War II by the decision of a specially created Trilateral Commission, comprising the US, the UK, and the Soviet Union.
The Gotland Basin in the sea's center between Sweden and the Baltic states was initially selected as the main dumping site.
"However the route turned out to be too far for the Russians. Tonnes of barrels were thrown from vessels at random places on the convoy routes. Crates of chemical weapons drifted until the wood decayed. Later they were carried by the currents to sit on the sea bed."A second selected dumping site was the Bornholm Basin to the east of the Danish island of Bornholm, where according to official Soviet records, around 40,000 tons of weapons were dumped at a depth of about 100 meters. Dozens of tons were also dumped in the Gdansk Basin near northern Poland's Hel Peninsula.
Last week, it was reported that a series of explosions took place in a police depot that contained Nazi-era explosives. This incident sparked a massive fire in the Grunewald forest, which took many hours to contain.
Munitions dating back to World War II are not uncommon finds in Germany and other EU countries. | https://www.sott.net/article/470862-100000-tons-of-Nazi-chemical-weapons-at-bottom-of-Baltic-Sea-Reports | 2022-08-10T21:44:41Z | https://www.sott.net/article/470862-100000-tons-of-Nazi-chemical-weapons-at-bottom-of-Baltic-Sea-Reports | false | 1 |
PARIS (AP) — Firefighters were battling a wildfire in southwestern France on Wednesday in a region known for its pine forests that was ravaged by flames last month.
The blaze forced the evacuation of about 8,000 people and destroyed at least sixteen houses. A major highway near the city of Bordeaux was closed on Wednesday afternoon due to the fire raging nearby.
Authorities in Spain´s northern Basque Country region said France has stopped freight trucks from crossing the border at Irun due to the fire.
Photos released by firefighters showed flames raging through pine forests, sending clouds of dark gray smoke soaring into the sky.
More than 60 square kilometers (23 square miles) have burned in the Gironde region and the neighboring Landes in the latest wildfire to erupt in a European nation as the continent swelters through a hot and dry summer.
French Interior Minister Gerald Darmanin announced that more firefighters have been sent to the site in an effort to contain the fire. In total, more than 1,000 firefighters, nine aircraft and two helicopters have been mobilized, he said.
The Gironde region was hit last month by major wildfires that forced the evacuation of more than 39,000 people, including residents and tourists.
France is this week in the midst of its fourth heat wave of the year as the country faces what the government warned is its worst drought on record. Temperatures in the south of the country are expected to reach up to 40 degrees Celsius (104 degrees Fahrenheit). | https://fox5sandiego.com/news/world-news/ap-international/wildfire-in-southwestern-france-6000-people-evacuated/ | 2022-08-10T21:45:34Z | https://fox5sandiego.com/news/world-news/ap-international/wildfire-in-southwestern-france-6000-people-evacuated/ | false | 33 |
Officers issued six traffic related warnings; dispatched two ambulances to Fort Memorial Hospital; notified the Fort Atkinson Water Department of a possible water main break in the 700 block of McMillen Street; administered one court ordered preliminary breath test; conferred with a landlord and tenants in the 900 block of East Street about issues they were having over their rental agreement and eviction which was resolved when the tenants agreed to be moved out by the end of the following day so the landlord can begin repair work; documented information about a dog being bitten by another dog in the 1600 block of Stacy Lane; notified the Fort Atkinson Fire Department of a request for mutual aid from the Whitewater Fire Department for a barn fire in their area; stood by with a boy until the parents could arrive at where he was because he was causing a disturbance but calmed down when the parents arrived in the 600 block of Riverside Drive; placed a request for extra patrol on the briefing board for suspicious activity in the 1100 block of South Main Street; joined Jefferson County Human Services in responding to a call for a welfare check of a resident in the 600 block of West Blackhawk Drive; took a 45-year-old intoxicated man into custody for detox clearance at Fort Memorial Hospital before transporting him to Tellurian; and handled one confidential incident of an undisclosed nature.
12:09 a.m.: A 43-year-old Fort Atkinson man was arrested for domestic abuse/battery, domestic abuse/disorderly conduct and domestic abuse/criminal damage to property following a complaint from his wife in the 800 block of Monroe Street. He was transported to the Jefferson County jail.
7:31 a.m.: A 26-year-old Whitewater man was cited for non-registration of vehicle, and warned for speeding and failing to provide proof of insurance at the intersection of Blackhawk Drive and North Main Street.
2:23 p.m.: A 58-year-old Fort Atkinson man was cited for non-registration of vehicle and warned for failing to obey sign at the intersection of West Milwaukee Avenue and Robert Street.
6:22 p.m.: A 43-year-old Maitland, Fla., man was issued a 15-day correction notice for failing to provide proof of insurance and warned for yellow light violation.
11:12 p.m.: A 33-year-old Fort Atkinson woman was cited for operating a vehicle after revocation of driver’s license at the intersection of West Sherman Avenue and Mechanic Street.
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STRATTEC SECURITY CORP General Corporate Statement (Form8)
Accepted:
Form Type:
8-K
Accession Number:
0001140361-22-028723 | https://www.benzinga.com/secfilings/22/08/28405380/strattec-security-corp-general-corporate-statement-form8 | 2022-08-10T21:47:59Z | https://www.benzinga.com/secfilings/22/08/28405380/strattec-security-corp-general-corporate-statement-form8 | false | 254241 |
There were 1,067 press releases posted in the last 24 hours and 218,617 in the last 365 days.
Book lovers across the nation can enjoy an early literary taste of the 2022 Library of Congress National Book Festival on PBS Books, which will host a series of virtual interviews with some of the festival’s featured authors beginning Aug. 15.
Click here for more information.
You are subscribed to Latest News and Upcoming Events from the Library of Congress. | https://www.einpresswire.com/article/585417994/news-upcoming-events-national-book-festival-on-pbs-books | 2022-08-10T21:52:12Z | https://www.einpresswire.com/article/585417994/news-upcoming-events-national-book-festival-on-pbs-books | false | null |
Fantasy Football 2022: Running Backs to Avoid in Drafts
Zach Buckley@@ZachBuckleyNBAFeatured Columnist IVAugust 10, 2022Fantasy Football 2022: Running Backs to Avoid in Drafts
The running back position is perhaps the hardest to evaluate in the fantasy football world.
While the value of a great running back still arguably trumps anything, the position has generally been devalued in the modern NFL, and it perhaps carries the greatest injury risk.
In other words, running backs may very well make or break your roster, so let's avoid the "break" part by spotlighting three backs to avoid in your draft.
Cordarrelle Patterson, Atlanta Falcons
Cordarrelle Patterson turned the 2021 campaign into his breakout season.
Good luck to anyone banking on a repeat.
Atlanta milked a ton of dual-threat mileage out of him, resulting in 618 rushing yards, 548 receiving yards and 11 total touchdowns. Those are intriguing numbers, but they're so far removed from his previous production that counting on a repeat feels incredibly optimistic at best.
There are two major worries here, though. The first is Patterson's late-season disappearing act. Over his final four outings, he totaled just 71 rushing yards, 29 receiving yards and a single touchdown. If that trend continues, he's unplayable in all but the deepest of leagues.
Second, Atlanta's offense looks dreadful. Marcus Mariota should open the season under center. Kyle Pitts is an electric playmaker, but he might be the only one, unless first-round rookie Drake London is a rapid learner. Outside of Pitts, you may not want to touch this offense.
Josh Jacobs, Las Vegas Raiders
Josh Jacobs is a tantalizing talent, and he has put up needle-moving numbers in the past.
So, what's the problem? Well, a couple of things, actually.
First, the next time he plays a full season will be the first. His offensive line isn't great. His rushing yards have declined from his previous season for a second year in a row. He has yet to record a receiving touchdown.
Potentially more problematic, though, is the fact that the new Raiders regime isn't the one that drafted him. Moreover, this one spent a fourth-round pick on Zamir White, who looks like he could heavily factor into the running back rotation, particularly if the franchise has no long-term plans with Jacobs, who didn't have his fifth-year contract option picked up.
James Conner, Arizona Cardinals
Few running backs produced more fantasy value than James Conner last season.
Don't count on that to last.
Conner's value was almost exclusively tied to the end zone. He was, admittedly, a touchdown machine (15 rushing scores, three touchdown catches), but those numbers don't always carry over. To that end, he scored all of six touchdowns the season prior and only seven the year before that.
If he isn't finding the end zone, he isn't worth the cost. He has yet to tally 1,000 rushing yards or 500 receiving yards in a single campaign and rarely comes particularly close to either. Unless you're willing to rely on presumably unsustainable scoring, you can find better options. | https://bleacherreport.com/articles/10044973-fantasy-football-2022-running-backs-to-avoid-in-drafts | 2022-08-10T21:53:20Z | https://bleacherreport.com/articles/10044973-fantasy-football-2022-running-backs-to-avoid-in-drafts | true | 1 |
ROCKVILLE, Md., Aug. 10, 2022 /PRNewswire/ -- A joint-venture between Minkoff Development and South Duvall has signed a lease with Hughes Network Systems, LLC (HUGHES) to build a 140,000 square foot build-to-suit project on Montgomery College's Germantown Campus. The campus currently is home to the Pinkney Innovation Complex for Science and Technology at Montgomery College (PIC MC) with Holy Cross Germantown Hospital as its anchor tenant. Located at 19710 Observation Drive in Germantown, Maryland, adjacent to the Hughes headquarters complex, the new high-tech manufacturing building will house production of Hughes satellite broadband and networking equipment.
"This new facility reflects our long-standing commitment to Montgomery County, as a local employer and business leader for more than 50 years and will help Hughes advance our mission of connecting the unconnected around the world with innovative satellite and networking solutions," said Jim Muir, III, vice president, corporate real estate at Hughes. "We look forward to inviting students from PIC MC to learn and grow with us and continuing to engage with the community where so many of our employees live and work."
Minkoff Development and South Duvall responded to an RFP from PIC MC in 2018 and the joint venture was awarded the exclusive development rights and long-term ground lease for the 5.67-acre parcel on the Montgomery College Germantown campus and located within a RISE & Opportunity zone.
"Hughes is a world-class provider of satellite and networking technologies with a long history in Montgomery County, Maryland," said Andy Chod, Co-President of Minkoff Development. "We are thrilled to be able to support their continued success in our local community and around the world."
As part of the arrangement, Hughes and Montgomery College (MC) will continue to collaborate on training and educational initiatives.
"Montgomery College is proud to be partnering with Hughes on this innovative venture. Together we can contribute even more to building the pipeline of talented, highly skilled workers at the MC Germantown Campus," said Dr. Jermaine F. Williams, president of Montgomery College. "We look forward to collaborating with Hughes to ensure that our students gain the skills they need to be competitive in the rapidly evolving workforce."
"We are excited about this mutually beneficial partnership with Hughes, where students will have the opportunity to interact with technology industry professionals on a regular basis. This transaction is the first of many anticipated collaborations between PIC MC, the real estate development community and technology companies at Montgomery College where we are creating an integrated academic, business, and research campus to inspire the next generation of technology industry leaders," said Michael Smith, Executive Director, Pinkney Innovation Complex for Science and Technology (PIC MC).
"South Duvall is fortunate to have excellent partners on this project," said Matthew Brown of South Duvall. "With Montgomery College providing an ideal location, Minkoff leading the development efforts, and Scheer Partners marketing and leasing the project, we had a huge advantage over our competition. The design is underway, and we expect to break ground in August, aiming for occupancy in fall of 2023."
Scheer Partners, Henry Bernstein, Matt Brady, and Aaron Gambini led the building's leasing efforts, and Kevin Wille, Nadia Kahler, and Brad Wilner with CBRE represented Hughes.
South Duvall (www.southduvall.com) is a commercial real estate investor headquartered in Rockville, MD focusing on value-add properties and select stabilized properties. Founded in 2017 by Robert Scheer, its principals have a two-decade track record of creating value through repositioning existing real estate assets throughout the Washington, D.C. Metro Area, Baltimore, and Philadelphia. While experienced in all asset classes, South Duvall is known for its expertise in Life Science, Health Care and Technology real estate. South Duvall's principals have developed over 600,000 SF of life science real estate and have additionally consulted on the development of two million square feet.
Since 1972, Minkoff has been actively engaged in Metropolitan Washington, DC's commercial real estate landscape. Offering development, leasing, construction and management services, our family-owned firm prides itself in fostering a caring environment to our tenants and attending to every detail in the buildings that we own. Our personal perspective is seen in every facet of the services that we offer, from finding the right home for businesses to guiding tenants through the design-build process or creating solutions to management requests as they arise. As an owner-operator, Minkoff affords its clients a smooth and transparent leasing experience and day-to-day operational excellence. Real estate remains a local industry that requires boots on the ground, and we give each project the specialized attention that it requires. Our vast expertise and deep understanding of the Washington market allow us to excel.
The Germantown Campus is home to the Pinkney Innovation Complex for Science and Technology at Montgomery College, or PIC MC, a hub of education, business, and entrepreneurship, where industry partners co-locate and actively interact with faculty and students to achieve both educational and economic success. The Montgomery College Germantown Campus features the Holy Cross Germantown Hospital, an 80,000 square foot Medical Office Building, a 145,000 square foot bioscience educational building and the Montgomery County-owned, Germantown Innovation Center that is a business incubator with 24 startup life sciences companies.
Hughes Network Systems, LLC (HUGHES), an innovator in satellite and multi-transport technologies and networks for 50 years, provides broadband equipment and services; managed services featuring smart, software-defined networking; and end-to-end network operation for millions of consumers, businesses, governments and communities worldwide. The Hughes flagship Internet service, HughesNet®, connects millions of people across the Americas, and the Hughes JUPITER™ System powers internet access for tens of millions more worldwide. Hughes supplies more than half the global satellite terminal market to leading satellite operators, in-flight service providers, mobile network operators and military customers. A managed network services provider, Hughes supports nearly 500,000 enterprise sites with its HughesON™ portfolio of wired and wireless solutions. Headquartered in Germantown, Maryland, USA, Hughes is owned by EchoStar. To learn more, visit www.hughes.com or follow HughesConnects on Twitter and LinkedIn.
EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pioneer in secure communications technologies through its Hughes Network Systems and EchoStar Satellite Services business segments. For more information, visit www.echostar.com. Follow @EchoStar on Twitter.
View original content to download multimedia:
SOURCE Scheer Partners, Inc. | https://www.wabi.tv/prnewswire/2022/08/10/minkoff-development-south-duvall-lease-build-to-suit-project-hughes-network-systems-pic-mc-montgomery-college-germantown-campus/ | 2022-08-10T21:54:14Z | https://www.wabi.tv/prnewswire/2022/08/10/minkoff-development-south-duvall-lease-build-to-suit-project-hughes-network-systems-pic-mc-montgomery-college-germantown-campus/ | true | 12 |
Two more people sentenced for their role in Bristol riot
Two more people have been sentenced after admitting offences committed during the Bristol riot.
Rose Lazarus, 21, of Bishopston, (pictured below) admitted a charge of violent disorder at Bristol Crown Court on Monday (August 8), and was sentenced to 14-months in prison.
During the riot, Lazarus attacked the line of officers over a sustained period of time, pushing and hitting against shields, and forcefully kicking out on multiple occasions. She was also seen to throw missiles at a police vehicle.
At the same court on Friday (August 5), Sidney Barnes, 22, from Sussex, admitted a charge of assaulting an emergency worker, and was sentenced to a 12-month community order, 870 hours of unpaid work and £250 costs.
To date, 20 people have been jailed for a combined total of 75 years and 11 months for their role in the riot.
Also appearing at court on Monday was Christopher Hind, 38, of Eastville, Bristol, who admitted a charge of violent disorder. He is due to be sentenced on Thursday 8 September.
Det Supt James Riccio said: “Three more people have now ultimately admitted their behaviour on the night of 21 March last year was criminal.
“Their admissions of guilt may well be a result of the compelling evidence investigators have gathered against them, but I also hope it is because they have come to realise their actions went too far.
“We fully respect the fundamental democratic right to peaceful protest but aggression and violence are unacceptable.”
We’d like to remind all concerned that criminal proceedings relating to the events of Sunday 21 March are ongoing against other defendants and that they have a right to a fair trial.
It is extremely important there should be no reporting, commentary or sharing of information online which could in any way prejudice these proceedings. | https://www.avonandsomerset.police.uk/news/2022/08/two-more-people-sentenced-for-their-role-in-bristol-riot/ | 2022-08-10T21:55:30Z | https://www.avonandsomerset.police.uk/news/2022/08/two-more-people-sentenced-for-their-role-in-bristol-riot/ | false | 1 |
PHILADELPHIA (AP) — A judge has reinstated third-degree murder charges against a woman in a crash on a Philadelphia interstate that claimed the lives of two Pennsylvania troopers and a civilian earlier this year.
Common Pleas Court Judge Lillian Ransom’s decision Wednesday comes more than a month after a municipal court judge dismissed the charges against 22-year-old Jayana Tanae Webb of Eagleville, The Philadelphia Inquirer reported.
Ransom cited previous witness testimony and tweets Webb is alleged to have sent that night along with video footage played in a previous hearing of the time-frame of the early morning crash on March 21 on Interstate 95.
Police said Troopers Martin Mack III and Branden Sisca were trying to get a man to safety after he was reported walking in the southbound lanes of I-95 near the sports stadiums in south Philadelphia. Police said a vehicle “traveling at a high rate of speed” struck all three, and all died at the scene. Mack enlisted in 2014 and Sisca did so last year. The other victim was identified as 28-year-old Reyes Rivera Oliveras of Allentown.
Defense attorney Michael Walker said he would seek reconsideration of the ruling, which he said had “deeply saddened" his client's family.
Webb is also charged with vehicular homicide, involuntary manslaughter and vehicular homicide while driving under the influence. The judge denied a motion by prosecutors to revoke bail for the defendant, which was set at $600,000 at a June hearing. | https://www.middletownpress.com/news/article/Murder-charges-reinstated-in-crash-that-killed-17365313.php | 2022-08-10T21:55:57Z | https://www.middletownpress.com/news/article/Murder-charges-reinstated-in-crash-that-killed-17365313.php | true | 14 |
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FLYWHEEL ADVANCED TECHNOLOGY, INC. General Corporate Statement (Form8)
Accepted:
Form Type:
8-K
Accession Number:
0001493152-22-021617 | https://www.benzinga.com/secfilings/22/08/28405740/flywheel-advanced-technology-inc-general-corporate-statement-form8 | 2022-08-10T21:57:56Z | https://www.benzinga.com/secfilings/22/08/28405740/flywheel-advanced-technology-inc-general-corporate-statement-form8 | false | 254241 |
Apple is continuing to invest in original podcast production. Bloomberg today reported that Apple has signed a deal with award-winning production company Futuro Studios.
Under the arrangement, Apple funds Futuro’s development of new podcasts but retains rights to the intellectual property to convert any of the works into video content — television shows and movies — for its streaming service Apple TV+.
This is a continuation of its podcasts strategy to date, which has seen Apple release a handful of Apple Original podcast series through its TV+ division. The original podcasts are available to listen in Apple Podcasts and any other podcast app via RSS feed.
This stands in stark contrast to Spotify’s moves in the podcasting space in recent years, which has paid hundreds of millions to acquire rights to top shows and make them exclusively available through the Spotify app.
Audio podcasts are a relatively cheap testing ground for story development. Rather than spending tens of millions on an unproven concept for TV+ upfront, Apple can produce a dozen or more podcasts for the price of a single episode of high-end television. If one of those podcasts is received well by listeners, Apple can use that as a signal to feel more confident in a TV or film order for the same story.
Going about it this way is significantly cheaper than having to acquire the adaptation rights for an established podcast from a publisher, as Apple retains the options upfront as part of the original production.
Standalone Apple Original Podcasts include ‘Missed Fortune’ (premiering next week), ‘Project Unabom’, ‘Run, Bambi Run’, ‘Hooked’ and more. However, none of those shows have announced a TV adaptation … so far. (Some other Apple Original Podcasts serve as companions to TV+ content, and were released simultaneously, such as the For All Mankind podcast.)
The Bloomberg report says Apple has spent about $10 million on standalone podcast production to date. For context, that is less than the production cost of a single episode of high-end premium streaming TV. Apple has surely already forked out more than that amount for licensing rights with Wondery alone, for Apple TV+ adaptations of The Shrink Next Door and WeCrashed.
This highlights just how cost-effective Apple’s content pipeline could be, if it can find a hit podcast worth making into a TV+ show.
FTC: We use income earning auto affiliate links. More. | https://9to5mac.com/2022/08/10/apple-original-podcasts-investment/ | 2022-08-10T22:02:14Z | https://9to5mac.com/2022/08/10/apple-original-podcasts-investment/ | false | 1 |
Is the Ooni Koda 12 Pizza Oven worth buying?
Cooking pizza at home can be challenging. Unless you use an appliance that delivers high temperatures and cooks evenly, the results can be unimpressive. That’s where the Ooni Koda 12 Pizza Oven comes in.
The manufacturer claims that this outdoor pizza oven is easy to use, heats up quickly and achieves high cook temperatures that create outstanding stone-baked results. The company also says you can transport the Ooni Koda 12 Pizza Oven easily. We decided to have a tester analyze this product’s features and functions.
Testing the Ooni Koda 12 Pizza Oven
We want our readers to understand how products operate, how they are beneficial and if they live up to manufacturer claims, so our testers analyze products in real-world settings. Our tester used the Ooni Koda 12 Pizza Oven just like our readers would, including setup, operation and tasting the pizza prepared in it to determine if it’s a worthwhile investment.
What is the Ooni Koda 12 Pizza Oven?
The Ooni Koda 12 Pizza Oven is a gas-powered oven that’s designed to be used outdoors. It boasts durable construction and well-made components, including a pizza stone and pizza peel. The oven is straightforward to set up and connects to a portable propane tank, making it versatile to use in various outdoor settings. The built-in ignition that produces instant flames and insulated steel construction that locks in heat allow it to achieve high cooking temperatures of up to 950 degrees in about 15 minutes.
Once heated, the Ooni Koda 12 cooks Neapolitan-style pizza in about 60 seconds with stone-baked results. Thanks to the high cooking temperatures, it makes pizza with a crispy crust and perfectly baked toppings. The dial control allows you to adjust the temperature for precise results. This compact outdoor oven can also be used to prepare other foods such as vegetables and meat.
Although Ooni Koda also makes a 16-inch model, the compact 12-inch model is less than 30 pounds, which makes it highly portable. It’s ideal for pizzas that are around 10 inches in size and is suitable for most pizza lovers’ needs. Cleanup is easy once you’re finished cooking.
Ooni Koda 12 Pizza Oven price and where to buy
You can purchase the Ooni Koda 12 Pizza Oven can from Ooni and Amazon. Regardless of the merchant, you can expect to pay $399.
How to use the Ooni Koda Pizza Oven
When we tested the Ooni Koda 12 Pizza Oven, we first chose an outdoor spot, removed it from the packaging, unfolded the legs and placed the pizza stone in the oven. We noticed that the stone fits tightly, but it’s easier to insert than it is to remove.
Next, we connected the oven to a propane tank via the included fuel line. This was a simple process. We turned on the ignition, which occasionally takes a few attempts to light. However, this is also easy to do.
The unit reaches temperatures of up to 950 degrees in about 15 minutes. We noted that the oven cooked well when set around 800 degrees and cooks a pizza in about 60 seconds. Due to the high temperatures produced by the oven, we were concerned about the crust of the pizza catching fire. We didn’t encounter this issue but realized that in case of a fire, the pizza should be removed and the fuel disconnected to allow the fire to burn out.
During the cooking process, it’s simple to turn the pizza with the included pizza peel. If need be, the peel can be used to remove the pizza and turn it before placing it back into the oven to finish baking.
As for cleanup, the most challenging part is removing cheese from the peel. The oven itself is simple to clean. Any burned-on food can be removed from the pizza stone with the peel.
Ooni Koda 12 Pizza Oven benefits
The Ooni Koda 12 Pizza Oven stands out from ranges and toaster ovens by baking pizza in seconds with the flavor, crunch and perfectly roasted toppings that are typical of stone-baked results. Because it’s made for outdoor use, it’s a worthwhile investment for any home cook who loves to prepare recipes in their backyards. Additionally, the compact design and easy operation and cleanup make it a small appliance suitable for outdoor entertainment away from home. Although it’s somewhat expensive, its impressive performance and solid build justify the cost.
Ooni Koda 12 Pizza Oven drawbacks
Overall, the Ooni Koda 12 is an impressive oven that bakes terrific pizza when used properly. We noticed a few issues, which aren’t major but can affect results.
In comparison with the larger Ooni Koda 16 model, which features burners on the back and sides, the Ooni Koda 12 only has one burner positioned at the back of the unit. This makes the 12 model slightly less powerful than its larger cousin.
Because the oven works with high cooking temperatures, there’s a bit of trial and error for novice users to achieve perfect results. Adjusting the temperature knob and monitoring pizza during cooking can help.
Another quirk we noticed is that the gas control knob is located in an awkward area at the back of the unit. Although somewhat frustrating, it isn’t a deal-breaker.
Should you get the Ooni Koda 12 Pizza Oven?
Anyone who loves to experiment with different pizza recipes or enjoys trying new gadgets for outside cooking will appreciate all that the Ooni Koda 12 Pizza Oven has to offer. It’s a must-have for avid pizza fans, and it’s satisfying to try various types of dough and toppings and tweak the oven settings and cook times to achieve your desired results.
Consider other products
Big Horn Outdoors Wood Pellet Pizza Oven
Although not quite as speedy at baking pizza as the Ooni Koda 12, this oven bakes in about 90 seconds with a cooking temperature as high as 860 degrees. It’s also about half the price of the Ooni Koda 12.
Sold by Amazon
Cuisinart CPO-600 Portable Outdoor Pizza Oven
This model features a compact design and is easy to operate. It has a lid for easy access to pizza while it bakes. The downside for some consumers is that it can take up to five minutes to bake a pizza. It’s available at a midrange price.
Sold by Amazon
Camp Chef Italia Artisan Pizza Oven
A key selling point of the Camp Chef Italia is the built-in temperature gauge that helps you achieve perfect results. It heats up and is ready to go in about 15 minutes. It reaches temperatures as high as 700 degrees.
Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://www.valleycentral.com/reviews/br/patio-br/grilling-outdoor-cooking-br/ooni-pizza-oven-review-does-this-gas-powered-outdoor-pizza-oven-deliver-pizzeria-results/ | 2022-08-10T22:02:16Z | https://www.valleycentral.com/reviews/br/patio-br/grilling-outdoor-cooking-br/ooni-pizza-oven-review-does-this-gas-powered-outdoor-pizza-oven-deliver-pizzeria-results/ | false | 32 |
NEW DELHI (AP) — Last month, a cybersecurity startup told a major Indian online insurance brokerage it had found critical vulnerabilities in the company’s internet-facing network that could expose sensitive personal and financial data from at least 11 million customers to malicious hackers.
The startup followed the standard ethical-hacker playbook, giving Policybazaar, the insurance aggregator, time to patch the flaws and inform authorities. It did not seek authorization in advance to test Policybazaar’s system but said it considered itself justified, in part because it had employees who were customers.
A week later, on July 24, Policybazaar, which is publicly traded and counts the Chinese conglomerate Tencent among its investors, notified India’s stock exchanges it had been illegally breached but “no significant customer data was exposed.”
It said little more.
The startup, CyberX9, is not keeping quiet. Its managing director wants Indians to know that the “multiple extremely critical” vulnerabilities were so easy to find it was almost as if Policybazaar intentionally left itself open to criminal or nation-state intrusion .
“It would’ve been extremely easy for anyone with good computer/IT knowledge to discover, exploit, and leak all of this data,” CyberX9 director Himanshu Pathak said.
The data include not just names, home and email addresses, dates of birth and phone numbers but what people must show to get insurance: digital copies of identification, health and financial documents including tax returns, pay slips, bank statements, driver licenses and birth certificates, CyberX9 said.
A broker for multiple carriers and types of policies that claims 90% of India’s online insurance aggregator market, Policybazaar amasses data through user uploads and self-generated records. It included questionnaires that Indian armed forces members filled out — the company offers various insurance policies tailored to them — listing their ranks, branch of service, and whether they work in danger zones and handle weapons and explosives.
The Associated Press reached three people listed in sample data including copies of sensitive personal documents provided by CyberX9, one a soldier stationed in Ladakh, a region in dispute with Pakistan and China. All three confirmed they were Policybazaar customers. All said they had not been made aware of any security incident.
According to documents on the website of Policybazaar’s parent company, PB Fintech Ltd., 56 million people were registered on the site at the end of December, including 11 million “transacting customers” who purchased 25 million insurance policies.
Policybazaar would not respond to questions from the AP, other than to say it had fixed the identified vulnerabilities and referred the incident to external advisers for a forensic audit.
It did not confirm that CyberX9 had alerted it to the vulnerabilities, describe how its IT system was “subject to illegal and authorized access” or explain what customer data was exposed. Policybazaar said the flaws were identified on July 19, the day after CyberX9 says it first alerted the brokerage.
Pathak provided the AP with copies of his email exchanges with India’s Computer Emergency Response Team (CERT-IN), which said on July 25 that Policybazaar reported the vulnerabilities had been fixed, and with a national cyber security official, Lt. Gen. Rajesh Pant, who told Pathak in a July 26 email: “Thanks for informing. Shall initiate action against Policy Bazaar.”
Neither CERT-IN nor Pant responded to AP emails seeking comment.
CyberX9 said it decided to probe Policybazaar’s network for flaws after learning during its November IPO how much sensitive and confidential data the company was managing.
It said it found five vulnerabilities and was able to retrieve user data with no authorization check — and there were no restrictions on how many times an unauthorized user could make such a retrieval.
The researchers tested the vulnerabilities “by fully automating them using very simple scripts, all of this without facing any viable restrictions by your systems,” CyberX9 told Policybazaar in the technical report it sent the company last month.
“Considering the simplicity and ease of discovery and exploitation of these vulnerabilities, Policybazaar have clearly left the doors open to threat actors to invade the lives of its users.”
It was unclear whether CyberX9 will face any legal repercussions for probing Policybazaar’s system.
The incident highlights India’s “complicated, messed-up” cybersecurity environment, where government officials often do not follow up to ensure better-protected networks, said Raman Jit Singh Chima, Asia policy director for the online rights nonprofit group AccessNow.
He said he believed Policybazaar made the vulnerability disclosure because insurance and securities regulators require it.
In India, as elsewhere, good-faith security researchers intent on preventing malicious hacks and ransomware attacks must tread carefully as they are constrained by vague computer crime laws. India’s laws draw no distinctions in malice and ethics when it comes to identifying and exploiting weaknesses in software code.
“There is ambiguity in the law — it says you can’t test without permission and only after that can you probe,” said Apar Gupta, executive director of the nonprofit Internet Freedom Foundation.
CERT-IN issued a responsible disclosure policy in September offering good-faith hackers guidelines, he said, but it includes a disclaimer that nods to the ambiguity. U.S. law is also ambiguous, though the U.S. Justice Department announced a new policy in May directing that “good-faith security research should not be charged.”
That means the system favors the brash and the bold, who better also have good lawyers.
Security experts said it seems the CyberX9 researchers, as Policybazaar customers, had good cause to probe the company’s digital edifice for easily exploited flaws as long as they did it responsibly.
In its report to Policybazaar, CyberX9 said it would be pleased to receive a so-called “bug bounty” reward -– which some companies customarily pay researchers for good-faith flaw identification — “though it is not necessary.”
Pathak said no such reward was paid.
India, with 800 million internet users, also does not have a data protection law even though the country’s top court in 2017 held privacy as a fundamental right and directed the government to draw up legislation. In Parliament, the bill was delayed by criticism over some provisions, including one that gave the government access to personal data in the name of “sovereignty.”
Last week, Parliament withdrew the legislation, saying it would start the process anew.
Digital experts say a data protection law is necessary in India where financial fraud and data leaks are rampant. Its absence has exacerbated privacy concerns in the country, where past incidents have seen both private companies and the government leak people’s data.
___
Bajak reported from Boston. | https://www.news10.com/business/ap-business/security-firm-finds-flaws-in-indian-online-insurance-broker/ | 2022-08-10T22:02:54Z | https://www.news10.com/business/ap-business/security-firm-finds-flaws-in-indian-online-insurance-broker/ | false | 37 |
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PRECIGEN, INC. Quarterly Report (Form10)
Accepted:
Form Type:
10-Q
Accession Number:
0001356090-22-000009 | https://www.benzinga.com/secfilings/22/08/28405848/precigen-inc-quarterly-report-form10 | 2022-08-10T22:04:12Z | https://www.benzinga.com/secfilings/22/08/28405848/precigen-inc-quarterly-report-form10 | true | 254241 |
NEW ORLEANS, Aug. 10, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed merger of Silverback Therapeutics, Inc. (the "Company") (NasdaqGM: SBTX) with ARS Pharmaceuticals, Inc. pursuant to which Silverback shareholders will end up owning just approximately 37% of the combined company, subject to certain adjustments. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgm-sbtx/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
1100 Poydras St., Suite 3200
New Orleans, LA 70163
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SOURCE Kahn Swick & Foti, LLC | https://www.newschannel10.com/prnewswire/2022/08/10/silverback-therapeutics-investor-alert-by-former-attorney-general-louisiana-kahn-swick-amp-foti-llc-investigates-merger-silverback-therapeutics-inc-sbtx/ | 2022-08-10T22:05:40Z | https://www.newschannel10.com/prnewswire/2022/08/10/silverback-therapeutics-investor-alert-by-former-attorney-general-louisiana-kahn-swick-amp-foti-llc-investigates-merger-silverback-therapeutics-inc-sbtx/ | false | 405 |
Continued gross margin expansion to 19.1% in Q2 from 17.2% in Q1, first quarter of positive Adjusted EBITDA generation and first quarter of share repurchases under the Normal Course Issuer Bid ("NCIB") program
TORONTO, Aug. 10, 2022 /PRNewswire/ - Payfare Inc. ("Payfare" or the "Company") (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for the gig workforce, today announced the filing of its Financial Statements and Management's Discussion and Analysis ("MD&A") for the quarter ending June 30, 2022. A comprehensive discussion of Payfare's financial position and results of operations are provided in the MD&A, which is filed on SEDAR under Payfare's profile and can be found at www.sedar.com.
- Revenue of $33.6 million in Q2 2022, representing a $24.8 million (285%) increase over Q2 2021, and an $8.7 million (35%) increase over Q1 2022.
- Gross profit of $6.4 million (19.1% margin) in Q2 2022, up $5.3 million compared to Q2 2021 (13.0% margin) and up $2.1 million compared to Q1 2022 (17.2% margin).
- Net loss improved to ($2.3 million) in Q2 2022 compared to a net loss of ($5.0 million) in Q2 2021.
- First quarter generating positive Adjusted EBITDA1 of $0.3 million in Q2 2022, a $3.4 million increase over Q2 2021 and a $1.2 million increase over Q1 2022.
- Under the Normal Course Issuer Bid (NCIB) program, the Company has repurchased 257,725 Common Shares to date at an average cost of $4.53 per share.
- Total gross dollar value (Total GDV)1 in Q2 2022 was $2.0 billion, an increase of $1.4 billion (257%) over Q2 2021 and $0.5 billion (36%) over Q1 2022.
- Ended Q2 2022 with 884,251 active users1, an increase of 621,684 (237%) compared to active users as at June 30, 2021 and an increase of 187,889 (27%) compared to active users as at March 31, 2022.
- Payfare increased its 2022 annual revenue guidance to $125 million - $135 million from its previous issued guidance of $115 million - $125 million, the midpoint of which represents 197% year over year growth.
- Successfully launched Paid App by Payfare in Q2 2022 with an initial cohort of new partner clients and a dedicated go-to-market strategy to convert a strong pipeline of new opportunities.
"The second quarter was a significant financial milestone for Payfare as we achieved positive Adjusted EBITDA for the first time," said Marco Margiotta, CEO and Founding Partner of Payfare. "We remain focused on growth and are able to deploy capital opportunistically including remaining active on buying back our shares, funding the launch of new products, and other strategic growth opportunities".
Management will host a conference call on Thursday, August 11, 2022, at 8:30 a.m. ET to discuss these results. A short presentation in connection with the conference call will be made available on the Company's website at https://corp.payfare.com/investors/. Management will also host a live question and answer session on the conference call with analysts.
To access the conference call, please dial (438) 803-0546 or (888) 440-2009. Please call the conference telephone number 10-15 minutes prior to the start time so that you are in the queue for an operator to assist in registering and patching you through.
An archived recording of the conference call will be available until August 19, 2022. To listen to the recording, call 647-362-9199 or 1-800-770-2030 and enter passcode 2151054.
Payfare is a global financial technology company powering digital banking and instant payment solutions for today's gig workforce. Payfare partners with leading platforms and marketplaces, such as Uber, Lyft and DoorDash, to provide financial health for their workforce.
This press release contains references to "active users", "Total GDV" and "Adjusted EBITDA" which are not measures prescribed by International Financial Reporting Standards (IFRS). These supplementary financial measures are provided as additional information to complement IFRS measures by providing a further understanding of our results of operations from management's perspective, to provide investors and security analysts with supplemental measures to evaluate the financial performance of the Company and highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS financial measures. Management also uses non-IFRS and supplementary financial measures to facilitate operating performance comparisons from period to period, prepare annual operating budgets and strategic business plans and to evaluate and price potential acquisitions. Accordingly, non-IFRS and supplementary financial measures should not be considered in isolation or as a substitute for analysis of our financial information reported under IFRS. Such measures do not have any standardized meaning prescribed by IFRS and, therefore, may not be comparable to similar measures presented by other corporations. The non-IFRS and supplementary financial measures are not subject to standard industry definition and our definitions and method of calculation may differ from other issuers and therefore may not be comparable to similar measures presented by other issuers.
The Company determines the number of users to its services based on active users. "Active users" represent users who have loaded earnings on their card in the period. "Total GDV" is defined as the aggregate dollar amount of active user earnings and direct deposits loaded on their payment card during the period.
"EBITDA" means net income (loss) before amortization and depreciation expenses, foreign exchange loss (gain), amortization of deferred income, finance and interest costs (income) and provision for income taxes.
"Adjusted EBITDA" adjusts EBITDA for stock-based compensation expense, transactional gains or losses on assets, asset impairment charges, loss on extinguishment of debts, interest income, net foreign exchange gains or losses, gains or losses from changes in fair value of derivative financial instruments and contingent consideration liabilities measured at fair value through profit or loss, gains or losses from disposals of equipment, net income or loss from equity accounted investees and income tax expense or recovery, restructuring costs and non-recurring expense items. Non-recurring expense items are transactions or events which management believes will not re-occur within the foreseeable future and includes legal and professional fees related to acquisition and going public transaction. The table below reconciles net loss to EBITDA and Adjusted EBITDA for the three and six months ended June 30, 2022 and 2021.
Additional information on these measure may be found under the heading "Definitions – IFRS, Additional GAAP and Non-GAAP Measures" in the MD&A for the three and six months ended June 30, 2022 and 2021 which is available under Payfare's profile on SEDAR at www.sedar.com and is incorporated by reference to this press release.
This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects Payfare's current expectations regarding future events as of the date hereof. Such forward-looking information may include but are not limited to statements regarding updated guidance information and target revenue ranges for 2022, converting a strong pipeline of new opportunities for Paid App by Payfare, the launch of new products, and other strategic growth opportunities, and Payfare's core business becoming self-financing. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Payfare's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks include the factors discussed under the "Risk Factors" section in Payfare's MD&A for the year ended December 31, 2021. Other factors that could cause actual results or events to differ materially include the inability of Payfare to launch and market its new programs or platforms that are planned for 2022 in a timely manner, Payfare's inability to manage the increased volume of new cardholder sign-ups, active users or transactions, the impact of inflation and rising costs of goods and services on Payfare's business model which may impact management's expectations on margin growth during 2022, the imposition of new restrictions related to the COVID-19 pandemic, Payfare's ability to finance and support new programs and platforms, and a general decline in the credit markets or gig economy in North America. Accordingly, readers should not place undue reliance on forward-looking information. The purpose of guidance contained in this news release is solely to update previously provided guidance and not to forecast or project future results. Readers are cautioned that such guidance is not appropriate for any other purpose. Payfare does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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SOURCE Payfare | https://www.kltv.com/prnewswire/2022/08/10/payfare-announces-second-quarter-2022-financial-results/ | 2022-08-10T22:11:53Z | https://www.kltv.com/prnewswire/2022/08/10/payfare-announces-second-quarter-2022-financial-results/ | true | 17 |
NEW YORK, Aug. 10, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Molecular Partners AG (NASDAQ: MOLN): (i) pursuant and/or traceable to the offering documents issued in connection with the Company's initial public offering conducted on or about June 16, 2021 (the "IPO"); and/or (ii) between June 16, 2021 and April 26, 2022, both dates inclusive (the "Class Period"), of the important September 12, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Molecular Partners securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Molecular Partners class action, go to https://rosenlegal.com/submit-form/?case_id=7548 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 12, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, the IPO documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, the complaint alleges that, throughout the Class Period, defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the IPO documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) ensovibep was less effective at treating COVID-19 than defendants had led investors to believe; (2) accordingly, the U.S. Food and Drug Administration ("FDA") was reasonably likely to require an additional Phase 3 study of ensovibep before granting the drug Emergency Use Authorization ("EUA"); (3) waning global rates of COVID-19 significantly reduced the Company's chances of securing EUA for ensovibep; (4) as a product candidate, MP0310 (AMG 506), in development for the treatment of certain types of cancer, was less attractive to Amgen Inc. ("Amgen") than defendants had led investors to believe; (5) accordingly, there was a significant likelihood that Amgen would return global rights of MP0310 to Molecular Partners; (6) as a result of all the foregoing, the clinical and commercial prospects of ensovibep and MP0310 were overstated; and (7) as a result, the IPO documents and defendants' public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Molecular Partners class action, go to https://rosenlegal.com/submit-form/?case_id=7548 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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SOURCE Rosen Law Firm, P.A. | https://www.kltv.com/prnewswire/2022/08/10/rosen-leading-investor-rights-law-firm-encourages-molecular-partners-ag-investors-with-losses-excess-100k-secure-counsel-before-important-deadline-securities-class-action-moln/ | 2022-08-10T22:12:40Z | https://www.kltv.com/prnewswire/2022/08/10/rosen-leading-investor-rights-law-firm-encourages-molecular-partners-ag-investors-with-losses-excess-100k-secure-counsel-before-important-deadline-securities-class-action-moln/ | false | 12553 |
Cruzeiro informed the members of the most expensive modality (they pay R$ 1 thousand monthly) that it will hold an event, this Thursday night, at Mineirão, to show the club’s new number 3 shirt. It will be yellow again, as it happened in the year of the fourth Brazilian championship, in 2014, and also in 2010. The image of the alleged shirt is already circulating on social networks.
Cruzeiro has not yet officially released the image, but it will be predominantly yellow with blue details. Cruzeiro has not yet released indications of what the new outfit of the Minas Gerais team will look like.
Alleged new Cruzeiro yellow shirt — Photo: Personal archive
On the back, the shirt will have a patch at the collar with a Cruzeiro shield in the midst of a simulacrum of the Brazilian coat of arms. Below, it will be written “200 years of Independence”, in reference to the anniversary of the date of Independence of the country, in 1822.
The shirt is yellow in allusion to the World Cup in Qatar, the Brazilian team and commemorating 200 years of Independence. It should be used in the game against Chapecoense, Saturday, in Brasília, at the Mané Garrincha stadium, in which Cruzeiro will be home team.
Announcement of the launch of Cruzeiro’s yellow jersey — Photo: Disclosure
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The event will also have the presence of influencers-supporters of the club. Cruzeiro has a yellow jersey again, after eight years. In 2014, when the World Cup was held in Brazil, Cruzeiro played with the yellow jersey, making its debut in the victory over Coritiba, at Mineirão.
Borges Cruzeiro commemoration against Coritiba — Photo: Juliana Flister / Agência Estado
In 2010, Cruzeiro also used the yellow jersey as a third kit, when it was runner-up in Brazil. At the time, the World Cup was played in South Africa.
Elicarlos, with the Cruzeiro shirt, on Neymar’s tail, in 2010 — Photo: Washington Alves/Disclosure/Vipcomm
Watch: all about Cruzeiro on ge, Globo and Sportv
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Man City ‘agree £12.6m fee with Anderlecht’ for transfer of Spanish U21 defender Sergio Gomez
MANCHESTER CITY have reportedly agreed a £12.6million fee with Anderlecht for Spanish defender Sergio Gomez.
Pep Guardiola has been keen to bolster his ranks at left-back after Oleksandr Zinechenko left for Arsenal.
The champions wanted Marc Cucurella but pulled out of a deal due to Brighton's asking price - before he joined Chelsea for £62m.
And now they have agreed a fee with Belgian side Anderlecht for Gomez, 21, according to Fabrizio Romano.
City are claimed to be paying around £12.6m for his services.
Zinchenko's departure to the Gunners means Gomez is likely to be in and around the City first team as soon as he arrives.
But the club do have a plan for him if he does not hit the ground running when he touches down in the North West.
LaLiga outfit Girona are believed to be keen on taking Gomez on loan if he does not prove himself worthy as part of Guardiola's immediate plans.
The Spain U21 star is one for the future at the Etihad though.
He enjoyed a breakthrough season last term following spells with Borussia Dortmund and Barcelona B.
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Gomez registered an impressive 15 assists in 49 games in all competitions for Anderlecht from left-back last season.
Meanwhile at national level the youngster has netted six goals in nine games for Spain U21s.
He is set to become City's fourth first team signing of the summer following the arrivals of Erling Haaland, Kalvin Phillips and Stefan Ortega. | https://www.the-sun.com/sport/5974141/man-city-transfer-sergio-gomez-anderlecht/ | 2022-08-10T22:16:07Z | https://www.the-sun.com/sport/5974141/man-city-transfer-sergio-gomez-anderlecht/ | true | 4 |
Global Biogas Plants Market Insights and Forecast to 2028
Biogas Plants market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Biogas Plants market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Segment by Application
By Company
By Region
Table of content
1 Report Business Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Biogas Plants Market Size Growth Rate by Type, 2017 VS 2021 VS 2028
1.2.2 Wet Digestion
1.2.3 Dry Digestion
1.3 Market by Application
1.3.1 Global Biogas Plants Market Size Growth Rate by Application, 2017 VS 2021 VS 2028
1.3.2 Industrial
1.3.3 Agricultural
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global Biogas Plants Market Perspective (2017-2028)
2.2 Biogas Plants Growth Trends by Region
2.2.1 Biogas Plants Market Size by Region: 2017 VS 2021 VS 2028
2.2.2 Biogas Plants Historic Market Size by Region (2017-2022)
2.2.3 Biogas Plants Forecasted Market Size by Region (2023-2028)
2.3 Biogas Plants Market Dynamics
2.3.1 Biogas Plants Industry Trends
2.3.2 Biogas Plants Market Drivers
2.3.3 Biogas Plants Market Challenges
2.3.4 Biogas Plants Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Biogas Plants Players by Revenue
3.1.1 Global Top Biogas Plants Players by Revenue (2017-2022)
3.1.2 Global Biogas Plants Revenue Market Share by Players (2017-2022)
3.2 Global Biogas Plants Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Biogas Plants Revenue
3.4 Global Biogas Plants Market Concentration Ratio
3.4.1 G
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NEW ORLEANS, Aug. 10, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Hanger, Inc. (NYSE: HNGR) to Patient Square Capital. Under the terms of the proposed transaction, shareholders of Hanger will receive only $18.75 in cash for each share of Hanger that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-hngr/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
1100 Poydras St., Suite 3200
New Orleans, LA 70163
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PHOENIX (AP) _ Avnet Inc. (AVT) on Wednesday reported fiscal fourth-quarter net income of $246.8 million.
The Phoenix-based company said it had net income of $2.51 per share. Earnings, adjusted for one-time gains and costs, were $2.07 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The distributor of electronic components posted revenue of $6.37 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $6.2 billion.
For the year, the company reported profit of $692.4 million, or $6.94 per share. Revenue was reported as $24.31 billion.
For the current quarter ending in October, Avnet expects its per-share earnings to range from $1.80 to $1.90.
Avnet shares have climbed 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $46.43, a climb of 11% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVT at https://www.zacks.com/ap/AVT | https://www.myjournalcourier.com/business/article/Avnet-Fiscal-Q4-Earnings-Snapshot-17365348.php | 2022-08-10T22:21:32Z | https://www.myjournalcourier.com/business/article/Avnet-Fiscal-Q4-Earnings-Snapshot-17365348.php | false | 11 |
Drilling and Completion Fluid Market, Outlook and Forecast 2022-2028
This report contains market size and forecasts of Drilling and Completion Fluid in global, including the following market information:
Global Drilling and Completion Fluid Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Drilling and Completion Fluid Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Drilling and Completion Fluid companies in 2021 (%)
The global Drilling and Completion Fluid market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Water-based System Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Drilling and Completion Fluid include Baker Hughes, Halliburton, Schlumberger, Newpark Resources, Tetra Technologies, CES, National Oilwell Varco, Secure Energy Services and Weatherford International, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Drilling and Completion Fluid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Drilling and Completion Fluid Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Drilling and Completion Fluid Market Segment Percentages, by Type, 2021 (%)
Water-based System
Oil-based System
Synthetic-based System
Others
Global Drilling and Completion Fluid Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Drilling and Completion Fluid Market Segment Percentages, by Application, 2021 (%)
Onshore
Offshore
Global Drilling and Completion Fluid Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Drilling and Completion Fluid Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Drilling and Completion Fluid revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Drilling and Completion Fluid revenues share in global market, 2021 (%)
Key companies Drilling and Completion Fluid sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Drilling and Completion Fluid sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Baker Hughes
Halliburton
Schlumberger
Newpark Resources
Tetra Technologies
CES
National Oilwell Varco
Secure Energy Services
Weatherford International
Qmax Solutions
Global Drilling and Chemicals
Sagemines
Scomi
Table of content
1 Introduction to Research & Analysis Reports
1.1 Drilling and Completion Fluid Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Drilling and Completion Fluid Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Drilling and Completion Fluid Overall Market Size
2.1 Global Drilling and Completion Fluid Market Size: 2021 VS 2028
2.2 Global Drilling and Completion Fluid Revenue, Prospects & Forecasts: 2017-2028
2.3 Global Drilling and Completion Fluid Sales: 2017-2028
3 Company Landscape
3.1 Top Drilling and Completion Fluid Players in Global Market
3.2 Top Global Drilling and Completion Fluid Companies Ranked by Revenue
3.3 Global Drilling and Completion Fluid Revenue by Companies
3.4 Global Drilling and Completion Fluid Sales by Companies
3.5 Global Drilling and Completion Fluid Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 Drilling and Completion Fluid Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers Drilling and Completion Fluid Product Type
3.8 Tier 1, Tier 2 and Tier 3 Drilling and Completion Fluid Players in Global Market
3.8.1 List of Global Tier 1 Drilling and Completion Fluid Companies
3.8
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Lower prices offer Americans slight reprieve from inflation
WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades. Government data released Wednesday showed that consumer prices jumped 8.5% in July compared with a year earlier. That’s down from a 9.1% year-over-year increase in June. On a monthly basis, prices were unchanged from June to July, the first time that has happened after 25 months of increases. The reprieve offered no certainty that prices would stay on the decline. Inflation has sometimes slowed only to re-accelerate later. ___
Social media offers parents more controls. But do they help?
SAN FRANCISCO (AP) — As concerns about social media’s harmful effects on teens continue to rise, platforms from Snapchat to TikTok to Instagram are bolting on new features designed to make their services safer and more age appropriate. But the changes rarely address the elephant in the the room — the algorithms pushing endless content that can drag anyone, not just teens, into harmful rabbit holes. Snapchat, for instance, just added new controls that let parents see who their teens are messaging, though not what they’re saying. Even if it works — and kids opt in — it’s still one more constantly evolving feature for parents to master.
___
Wall Street hits 3-month high as inflation cools
NEW YORK (AP) — Stocks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. The S&P 500 jumped 2.1% Wednesday on expectations that slower inflation will mean the Federal Reserve won’t hike interest rates as much as feared. Technology stocks, cryptocurrencies and other investments among the year’s biggest losers due to the Fed’s aggressive rate hikes led the way. Treasury yields pulled back following the inflation data, as traders pared their bets for how much the Fed will raise interest rates at its meeting next month.
___
Disney+ counts 221M streaming subscribers, topping Netflix
BURBANK, Calif. (AP) — Disney said Wednesday it added 14.4 million subscribers to its Disney+ streaming service in the April-June fiscal quarter, putting it just ahead of Netflix in the streaming wars with about 221 million total streaming subscriptions. Netflix ended June with 220.7 million subscribers after losing nearly 1 million subscribers in the past quarter. Burbank, California-based Disney on Wednesday reported revenue of $21.5 billion in the three months through July 2, up 26% from the same time last year. Earnings per share came to $1.09 when excluding certain items. Analysts polled by FactSet projected adjusted earnings of 97 cents per share on revenue of $20.99 billion for the quarter, according to FactSet Research.
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Elon Musk sells $7B in Tesla shares ahead of Twitter fight
AUSTIN, Texas (AP) — Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter. Musk disclosed in series of regulatory filings that he unloaded about 8 million shares of his company Tesla in recent days. He is attempting to back out of an agreement to buy Twitter for $44 billion. Musk is by far the largest individual shareholder in both Tesla and Twitter. Shares of Tesla closed Wednesday up almost 4%.
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Judge: Walgreens contributed to San Francisco opioid crisis
SAN FRANCISCO (AP) — A federal judge has ruled that Walgreens can be held responsible for contributing to San Francisco’s opioid crisis for over-dispensing opioids for years without proper oversight and failing to identify and report suspicious orders as required by law. San Francisco City Attorney David Chiu said the pharmacy chain failed to track opioid prescriptions, prevented pharmacists from properly vetting prescriptions and missed red flags about over-prescribing doctors. U.S. District Judge Charles Breyer ruled that for 15 years, Walgreens dispensed hundreds of thousands of pills, eventually contributing to the city’s hospitals being overwhelmed with opioid patients. Walgreens said it would appeal the ruling, which it said was not supported by “the facts and the law.”
___
Travelers are starting to get a break from higher airfares
DALLAS (AP) — Air travelers are finally getting a break on fares. The government said Wednesday that the average airfare dropped nearly 8% in July compared with June, to $311. The bad news is, that’s still almost 28% higher than last July. Airlines pushed fares up for most of this year because demand was high and there are fewer flights, meaning fewer seats to sell. The airlines also blame high jet fuel prices. Fares peaked in May, when sales for summer vacations were in full swing. Travel-data researcher Hopper expects domestic U.S. fares to average $286 in August and remain at or below $300 until October, when many people book Thanksgiving and Christmas travel.
___
Russians buy last goods from H&M, IKEA as stores wind down
MOSCOW (AP) — Russians are snapping up Western fashion and furniture this week as H&M and IKEA sell off the last of their inventory in Russia. Sweden-based H&M and Netherlands-based IKEA had paused sales after Russia sent troops into Ukraine. They’re now looking to unload their stocks of clothing and furnishings as they wind down operations in Russia. IKEA’s sales are online only, while the H&M store at a Moscow shopping mall saw a steady stream of young shoppers Tuesday. Both companies are laying off staffers as they scale down business in Russia. H&M said Tuesday that 6,000 workers will be affected. IKEA says it has 15,000 workers in Russia and Belarus, but it didn’t immediately confirm how many would lose their jobs.
___
China criticizes US chip law as threat to trade
BEIJING (AP) — China is criticizing a U.S. law to encourage processor chip production in the United States and reduce reliance on Asian suppliers as a threat to trade and an attack on Chinese business. The law signed this week by President Joe Biden promises grants and other aid to investors in U.S. chip factories. It responds in part to warnings that supplies might be disrupted if China attacks Taiwan, the world’s leading high-end chip producer. Beijing claims the self-ruled island as part of its territory. China’s Foreign Ministry says the U.S. chip law will “disrupt international trade and distort global semiconductor supply chains.” It says the law restricts business activity in China but gave no details.
___
The S&P 500 jumped 87.77 points, or 2.1%, to 4,210.24. The Dow Jones Industrial Average rose 535.10 points, or 1.6%, to 33,309.51. The Nasdaq surged 360.88 points, or 2.9%, to 12,854.80. The Russell 2000 index of smaller companies soared 56.36 points, or 2.9%, to 1,969.25. | https://www.myjournalcourier.com/business/article/Business-Highlights-Inflation-data-social-media-17365442.php | 2022-08-10T22:21:51Z | https://www.myjournalcourier.com/business/article/Business-Highlights-Inflation-data-social-media-17365442.php | false | 10 |
BOGOTA, Colombia (AP) _ Geopark Ltd. (GPRK) on Wednesday reported second-quarter net income of $67.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Bogota, Colombia-based company said it had net income of $1.12.
The oil and gas company posted revenue of $311.2 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPRK at https://www.zacks.com/ap/GPRK | https://www.myjournalcourier.com/business/article/Geopark-Q2-Earnings-Snapshot-17365255.php | 2022-08-10T22:22:45Z | https://www.myjournalcourier.com/business/article/Geopark-Q2-Earnings-Snapshot-17365255.php | true | null |
Baker-Polito Administration Announces $615,000 MassWorks Award for Melrose
Melrose — Today, Undersecretary of Community Development Ashley Stolba was joined by Mayor Paul Brodeur and other state and local officials to announce a $615,000 MassWorks Infrastructure Program grant to the City of Melrose to support development of a new four-story mixed-use building at 681-697 Main Street near downtown Melrose that will feature 4,300 square feet of ground-floor commercial space and 18 units of rental housing, three of which will be affordable, on the upper floors. The new building will replace two existing decrepit one-story commercial buildings, one fully vacant and one partially vacant, that cannot be revitalized due to structural concerns resulting from a deteriorated culvert underneath the site. The MassWorks award will be used to relocate the deteriorated culvert to allow for redevelopment of the site.
“In communities across the Commonwealth, our MassWorks program has funded necessary, yet often cost-prohibitive infrastructure work to help unlock the creation of key housing units and other economic development projects,” said Governor Charlie Baker. “We are glad to deploy resources to support a new mixed-use building featuring retail space and 18 apartments at the gateway to downtown Melrose.”
“Transit-oriented developments like this provide much-needed housing units near the places people already spend time, such as shops, restaurants, public transit stations, and other attractions,” said Lt. Governor Karyn Polito. “Congratulations to the City of Melrose on securing $615,000 in MassWorks funding to make this project a reality.”
MassWorks is a competitive program that offers cities and towns flexible capital funding to support and accelerate housing production and job growth. MassWorks is the largest program in Community One Stop for Growth, a single application portal and collaborative review process for grant programs launched in January 2021 to make targeted investments based on a development continuum.
With the addition of last year’s round, the Baker-Polito Administration has awarded 326 MassWorks grants to 181 communities and has invested over $608 million in public infrastructure projects throughout the Commonwealth. These grants have directly supported the creation of 21,000 new housing units and tens of thousands of new construction and permanent jobs, while also leveraging over $13 billion in private investment.
“MassWorks is a critical state resource we have deployed to support infrastructure projects that unlock housing production and commercial development across Massachusetts,” said Housing and Economic Development Secretary Mike Kennealy. “To that end, we proposed an important reauthorization of MassWorks as part of the FORWARD legislation that we filed in late April. We will continue to advocate for funding to support these critical developments that make our communities vibrant places to live and work.”
Including MassWorks grants, the Community One Stop for Growth program awarded $88 million for 196 projects in 122 communities across the Commonwealth in its first year. Of the 196 projects awarded, nearly one-third were located in a rural or small town, half were located in a Housing Choice Community, and one-third were located in a Gateway City.
“As a designated Housing Choice community, the City of Melrose has demonstrated its commitment to developing new housing that will help ease the housing shortage in Greater Boston and around the Commonwealth,” said Undersecretary of Community Development Ashley Stolba. “Every unit counts, and that’s why we are proud to direct a $615,000 MassWorks award to set the stage for 18 new apartments to be built in the city.”
"I'm thrilled that the City of Melrose has been awarded this significant state grant that will enable the redevelopment of this long vacant parcel to finally move forward," said State Senator Jason Lewis. "This project is a great example of the strong partnership between state and local government that the state legislature had in mind when we provided funding for the MassWorks grant program."
"I am thrilled Melrose has been awarded $615,000 to support the Ell Pond Culvert Relocation Project through the Executive Office of Housing and Economic Development's MassWorks Program and was glad to support its grant application," said State Representative Kate Lipper-Garabedian. "This funding will allow the City to increase its housing stock, ensure a sustainable environmental future, and continue to provide ample economic opportunities for residents and small businesses."
“As a gateway to Melrose’s downtown, the redevelopment of The Caruso’s building has been a priority for the City for the last twelve years and with this MassWorks grant, we are now in a position to act,” said Mayor Paul Brodeur. “The developer’s plans for a mixed-use project meets the City’s goals for increasing the housing stock, creates new business opportunities, bolsters the local economy, and improves the streetscape. I thank Secretary Kennealy and his team for their support.”
The full list of last year’s MassWorks grant recipients can be found here
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NEW ORLEANS, Aug. 10, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of One Medical (NasdaqGS:ONEM) to Amazon.com, Inc. (NasdaqGS: AMZN). Under the terms of the proposed transaction, shareholders of One Medical will receive $18.00 for each share of One Medical that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-onem/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
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PITTSFORD, N.Y. (WIVB) — The Bills have almost reached the finish line of training camp in Rochester. The final practice at St. John Fisher is on Thursday. The team went back to work on Wednesday but were not wearing pads, just helmets and shells for a lighter practice. Here are Josh Reed’s 4 observations from training camp:
Offensive line taking shape
For the first time since training camp started we got a chance to see what many believe will be the starting offensive line. LT- Dion Dawkins, LG- Rodger Saffold, C- Mitch Morse, RG- Ryan Bates, RT- Spencer Brown. The team continued to use several lineman at different positions and rotate players in and out of the lineup but with the first preseason game right around the corner it was good to see that group together and on the field for the first time at camp.
Araiza holds
A lot has been made about Matt Araiza’s inexperience at holding for field goals and extra points. The rookie punter held for Tyler Bass during a portion of practice and Bass knocked home all 6 of his field goal tries. When Bass finished, the team let Dawson Knox, Micah Hyde and Matt Barkley attempt extra points and they all made kicks. Case Keenum was the holder for all 3. On the surface, it looked like a moment of fun during a long camp but I’m sure Sean McDermott walked away with an emergency strategy.
Defensive back shuffle
Jaquan Johnson and Damar Hamlin continue to rotate at safety in place of Jordan Poyer. At this point, it looks like Johnson has the inside track to win the 3rd safety job behind Poyer and Micah Hyde. At cornerback, Dane Jackson, Kaiir Elam, and Christian Benford continue to rotate with the first team. Benford’s strong training camp continues and the rookie keeps turning heads.
Sidelined
Stefon Diggs received a rest day, Tavon Auston is day-to-day with tightness, and Tim Harris missed practice. Jordan Poyer watched practice with a sleeve on his elbow and not a brace. | https://www.informnny.com/news/4-observations-benford-continues-to-rotate-with-first-team-diggs-rests/ | 2022-08-10T22:31:32Z | https://www.informnny.com/news/4-observations-benford-continues-to-rotate-with-first-team-diggs-rests/ | false | 10 |
TORONTO, Aug. 10, 2022 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it has declared a dividend in the amount of CA$0.38 per share on its common shares, payable on September 15, 2022 to shareholders of record at the close of business on August 29, 2022.
Russel Metals is one of the largest metals distribution companies in North America, with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy products and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals. Its energy products operations carry a specialized product line focused on the needs of energy industry customers. Its steel distributors operations act as master distributors selling steel in large volumes to other steel service centers and large equipment manufacturers mainly on an "as is" basis.
If you would like to unsubscribe from receiving Press Releases, you may do so by emailing info@russelmetals.com; or by calling our Investor Relations Line: 905-816-5178.
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SOURCE Russel Metals Inc. | https://www.walb.com/prnewswire/2022/08/10/russel-metals-declares-82nd-consecutive-quarterly-common-share-dividend/ | 2022-08-10T22:31:31Z | https://www.walb.com/prnewswire/2022/08/10/russel-metals-declares-82nd-consecutive-quarterly-common-share-dividend/ | true | 32 |
Detroit Tigers fire general manager Al Avila after seven seasons
DETROIT — The Detroit Tigers have fired general manager Al Avila.
The team announced the decision Wednesday.
Before the 2022 season, Avila proclaimed the prolonged rebuild had ended and set his sights on snapping the franchise's seven-year postseason drought. But through 111 games, the Tigers own a 43-68 record, have the worst offense in baseball and are the worst team in the American League Central.
"Once I decided to make a change, I sat down with Al and thanked him for his nearly 22 years of service to our organization," owner Christopher Ilitch said in a statement. "Al's loyalty and dedication has served as an example to all during his time as a leader in our baseball operations department.
"I will oversee the search process for our next baseball operations leader, in collaboration with several members of our baseball and business operations executive teams."
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Until a new general manager is hired, assistant general manager Sam Menzin oversee the day-to-day operations for the team. Avila worked as the general manager for seven seasons, beginning in August 2015.
He compiled a 404-573 record.
"I want to re-establish our momentum and progress towards building a winning team and I am driven to find a talented executive to help us do that," Ilitch said. "They'll be entering an organization with many foundational elements in place and an exciting path forward.
"Tigers fans deserve winning teams, and I'm highly focused and committed to deliver that to the people of Detroit and Michigan. With new baseball operations leadership will come a fresh perspective toward evolving our roster and maximizing our talent to reach out objectives. To be clear, our goals are to build a team that wins on a sustainable basis, qualified for the playoffs, and ultimately wins the World Series."
A LOOK BACK:Al Avila took over 7 years ago. Here's how he has managed the roster
Under Avila's leadership, the Tigers never reached the playoffs. His best finish came in 2016, when the team went 86-75 and finished second in the AL Central but missed the postseason on the final day of the regular season.
Avila joined the organization in 2002 as assistant general manager.
"For nearly 22 years, I have given my heart and soul to this franchise, and I want to thank Mr. and Mrs. Ilitch, along with Chris, for the opportunity and treating me and my family as their own," Avila said in a statement. "We've celebrated successes and enjoyed great moments, and I'm proud to have worked with so many talented people in baseball operations and throughout the organization.
"I'll cherish our friendships and the successes we all celebrated together. To Tigers fans, you're the best and you deserve a winner. I wish the results would have been better this season but know there is a lot to look forward to in the coming years. God bless everyone."
Contact Evan Petzold at epetzold@freepress.com or follow him on Twitter @EvanPetzold. | https://www.usatoday.com/story/sports/mlb/tigers/2022/08/10/al-avila-detroit-tigers-fire-general-manager/10292131002/ | 2022-08-10T22:32:50Z | https://www.usatoday.com/story/sports/mlb/tigers/2022/08/10/al-avila-detroit-tigers-fire-general-manager/10292131002/ | false | 1 |
CHICAGO (AP) — Nico Hoerner homered to ignite a four-run rally in the seventh inning that sent the Chicago Cubs over power-hitting rookie Joey Meneses and the Washington Nationals 4-2 Wednesday.
Hoerner’s seventh home run ended a shutout bid by Nationals starter Josiah Gray and enabled the Cubs to earn just their second win in 51 games in which they trailed entering the seventh.
The Cubs have won four of six and next play Thursday in the Field of Dreams game in Iowa against Cincinnati.
Meneses homered in his third straight game for the Nationals, who have lost seven of eight.
The 30-year-old Meneses, who made his major league debut on Aug. 2, became the first player in Nationals franchise history to homer four times in his first seven games. Danny Espinosa and Geoff Blum each hit three homers in their first seven career MLB games.
Meneses hit a solo home run in the sixth. The first baseman/outfielder also singled and is hitting .348 in the majors.
Gray had a 2-0 lead and had permitted five hits before Hoerner homered. Gray was puled after Yan Gomes singled.
Nick Madrigal hit a single off reliever Steve Cishek (1-3), and a throwing error by center fielder Victor Robles enabled two runners to move into scoring position.
Rafael Ortega followed with a sacrifice fly off Cishek, and Ian Happ capped the comeback with an RBI single off Carl Edwards Jr.
Michael Rucker (1-1) pitched a scoreless seventh to earn his first major league win. Rowan Wick struck out Maikel Franco with the tying run at first to end the eighth and earned his sixth save in eight opportunities.
A diving catch by Robles in the fifth helped keep the Nationals ahead.
The Nationals took a 1-0 lead with two out in the third when Ortega made an unsuccessful diving attempt of a line drive by Cesar Hernandez that skipped past him in center for a double to score Tres Barrera from first.
Cubs left-hander Justin Steele was victimized by the lack of support despite striking out nine and walking none in six innings. He has allowed two earned runs while striking out 25 and walking two in his last three starts.
Steele struck out Barrera with the bases loaded to end the fourth.
ROSS WANTS MORE INTERNATIONAL GAMES
Cubs manager David Ross played in the Australian Baseball League and in Mexico City as a minor leaguer with the Dodgers, and was an announcer with ESPN for the 2019 MLB Little League Classic
Ross would like to participate in a series at Japan, where the Cubs opened the 2000 season against the Mets, as well at Puerto Rico and Cuba.
“It touches on the diversity of our game,” Ross said.
STRATEGY ON SOTO
Friday’s series opener against the Padres marks the return of All-Star RF Juan Soto and 1B Josh Bell to Nationals Park since they were traded for six players Aug. 2. Nationals manager Dave Martinez, who managed Soto for 4 1/2 seasons, joked about his plans to pitch to Soto.
“Were’e going to walk him,” Martinez said. “We’ll come up with a game plan. He’s got one of the best eyes I’ve seen for a young hitter in the major leagues.”
TRAINER’S ROOM
Nationals: DH Nelson Cruz (right shoulder soreness) appeared as a pinch-hitter in the eighth and singled. ... RHP Tyler Clippard (groin strain) threw two scoreless innings for Triple-A Rochester on Tuesday night and be activated as soon as Friday, Martinez said. ... RHP Erick Fedde (right shoulder inflammation) threw an extended bullpen session Tuesday and will throw a simulated game next week with the possibility he could return to the rotation. ... RHP Will Harris (thoracic outlet syndrome) suffered a groin injury during his rehab assignment and will be sidelined indefinitely, Martinez said.
UP NEXT
The Nationals will send RHP Cory Abbott (0-1, 5.68) to the mound Friday against the Padres. Abbott allowed seven runs in 3 2/3 innings in a 13-1 loss to the Phillies Sunday.
The Cubs will start LHP Drew Smyly (4-6, 3.97) Thursday against the Reds in the Field of Dreams game at Dyersville, Iowa. Smyly pitched 6 2/3 shutout innings Saturday against the Marlins.
___
More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://www.myplainview.com/sports/article/Hoerner-Cubs-top-power-hitting-rookie-Meneses-17365380.php | 2022-08-10T22:33:18Z | https://www.myplainview.com/sports/article/Hoerner-Cubs-top-power-hitting-rookie-Meneses-17365380.php | true | 10 |
NASHVILLE, Tenn., Aug. 10, 2022 /PRNewswire/ -- XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as exclusive advisor to Tower Fasteners (Tower) in its sale to All Integrated Solutions (AIS), a subsidiary of MSC Industrial Supply Co. (NYSE:MSM).
Tower is a second-generation value-added distributor of OEM fasteners and other components to a diverse set of industrial, medical equipment, aerospace, military, electronics, and security/fire & safety sectors. Founded in 1967, the company operates eight distribution centers along the East Coast and in the Southwestern regions of the United States, Mexico, and Europe. In 2018, Tower opened its first European distribution center in Dublin, Ireland. Tower will continue to operate under its current name after becoming an MSC company. Mark Shannon, President of Tower, will continue to lead the business, which has approximately 100 associates.
MSC's acquisition of Tower, made through its AIS subsidiary, expands the company's presence in the OEM fastener market, which it entered in 2018 with the acquisition of AIS, a leading value-added distributor of industrial fasteners and components, MRO supplies and assembly tools based in Wisconsin. Similarly, MSC will extend Tower's production fastener solutions to its manufacturing customers. Founded in 1941, MSC is a leading North American distributor of a broad range of metalworking and maintenance, repair and operations (MRO) products and services. As a $3.2 billion company with more than 6,500 associates and 3,000-plus suppliers, MSC helps its customers drive greater productivity, profitability and growth with approximately 2 million products, inventory management and other supply chain solutions.
"We could not have been more pleased with the job XLCS Partners did advising us during the sale of our business," said Bryan Shannon, Tower CEO. "From the introductory call with Anthony Contaldo to the final closing call, every person who worked with us was professional, thorough, and pleasant. This was our first experience in the M&A world and Anthony and his team guided us every step of the way. XLCS was the perfect advisory firm for the Shannon family."
XLCS acted as the exclusive M&A advisor to Tower and the transaction was led by Anthony Contaldo, Managing Partner and Jay Cremer, Vice President. The transaction was completed August 1, 2022.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com.
Kendra Span
kspan@xlcspartners.com
615-379-7783
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SOURCE XLCS Partners, Inc. | https://www.wtvm.com/prnewswire/2022/08/10/xlcs-partners-advises-tower-fasteners-sale-msc-industrial-supply-co/ | 2022-08-10T22:36:06Z | https://www.wtvm.com/prnewswire/2022/08/10/xlcs-partners-advises-tower-fasteners-sale-msc-industrial-supply-co/ | true | 11 |
Alexis Sanchez He closed his stage with Inter Milano and went to the European market in search of a new opportunity within the main leagues of the continent. After a long transfer window as a free footballer where he even sent a wink to River Platefinally it was the Olympic Marseille who accelerated for the Chilean and finalized his incorporation. In the official presentation of him with the colors of the French team, the winger was close to starting his stay with the left foot.
Several fans approached the doors of the club to welcome the most recent signing and Alexis made the decision to go out to greet those who gave him love from the first moment. What the native of Tocopilla never imagined is that when it comes to running in front of the fans he almost runs out of season: he stepped on a flare and a security guard had to help him to stay on his feet.
With the number 70 on his back, concern appeared for a few seconds and a supporter recorded the moment in which Sánchez stumbled in front of the fences. However, everything was in laughter since the footballer continued on his way and he turned to confirm that nothing had happened to compromise his physique ahead of the first training sessions at Marseille.
Through an official statement, the French runner-up indicated that the player successfully passed the medical examination with the club one day after arriving in the Mediterranean city and having reached an agreement with his contract. Alexis will be formally presented this Wednesday before the media and will be immediately available to play with the team coached by Croatian Igor Tudor.
At 33 years old, Sánchez adds a new historic European club and another league to his career after having played for Arsenal, Manchester United, Barcelona e Inter. With the Chilean national team he played 143 games and in total he has 17 titles.
Although Olympique has not given details of his contract, various local media assure that signed for one year, with the option of an additional one, and that his salary will amount to 3 million euros. Sánchez arrived in Marseille last night, where he was already welcomed by a large group of passionate Marseille fans who will accompany him in this new challenge.
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With information from EFE | https://thenewstrace.com/alexis-sanchez-signed-with-olympique-marseille-and-sparked-a-fan-revolution-the-blooper-that-caused-concern/243890/ | 2022-08-10T22:36:58Z | https://thenewstrace.com/alexis-sanchez-signed-with-olympique-marseille-and-sparked-a-fan-revolution-the-blooper-that-caused-concern/243890/ | false | 1 |
WASHINGTON (NEXSTAR) — President Joe Biden on Wednesday signed the PACT Act, a bill expanding health care access for veterans exposed to toxic burn pits.
Survivors and the loved ones of victims were at the White House for the emotional ceremony.
Veteran Ken Brownell said the day was “a great emotional release.”
“I’ve been fighting for this for years,” veteran Brandi Benson said.
Before Wednesday, many veterans say they suffered in the shadows.
“This is the most significant law our nation has ever passed to help millions of veterans,” Biden said.
Veteran John Baenen said he and his entire troop returned home with invisible wounds and conditions the VA refused to treat.
“I was 28 years old and did a cat scan … they told me I had the bone structure of a 58-year-old man,” he said. “We’re recognized now. We couldn’t even get the government to recognize us.”
The president said starting immediately, veterans can get coverage for 23 health care conditions that were previously denied.
For Danielle Robinson and many other families, the coverage comes too late. Danielle Robinson is the widow of Heath Robinson, who the bill is named after.
“It’s just bittersweet,” Danielle Robinson said. “He was around a burn pit for three months in Iraq.”
Their daughter was by the president’s side during the signing.
“I didn’t see this coming at all when we were fighting our battle, but I’m grateful for it happening. And I’m grateful for being the face of this if I had to be,” Danielle Robinson said.
VA Secretary Denis McDonough said his administration is already hiring thousands to handle an influx of patients no longer in the shadows.
“The VA is ready to take this on,” McDonough said. | https://www.counton2.com/news/washington-dc/bittersweet-biden-signs-bill-for-veterans-exposed-to-toxic-burn-pits/ | 2022-08-10T22:36:58Z | https://www.counton2.com/news/washington-dc/bittersweet-biden-signs-bill-for-veterans-exposed-to-toxic-burn-pits/ | false | 14 |
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