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NASCAR CUP SERIES RACE #24 – RICHMOND
Only three races remain in the NASCAR Cup Series (NCS) regular season, each of which will be contested on three completely different track configurations: a short track, road course and superspeedway. First up on the final push to the end of the regular season is the .75-mile, D-shaped oval of Richmond Raceway. Sunday’s Federated Auto Parts 400 will mark the series’ return to short track competition for the first time since April. While this is the second appearance of the season by NASCAR’s premier series at Richmond, this weekend will be the first-ever summer race weekend in the series’ history at the Virginia venue.
The spring race at Richmond Raceway saw Hendrick Motorsports’ William Byron lead the charge for the bowtie brigade, driving his No. 24 Chevrolet Camaro ZL1 to a third-place finish. Three other Chevrolet drivers where in tow to give the Camaro ZL1 four top-10 finishes, including Byron’s teammates Kyle Larson (fifth) and Alex Bowman (eighth); and Richard Childress Racing’s Austin Dillon and the No. 3 Chevrolet Camaro ZL1 team in 10th.
Richmond Raceway has hosted the NCS 131 times since the track’s inaugural event in 1953, with a Chevrolet-powered machine taking the victory a manufacturer-leading 39 times. Of those wins includes a streak of six consecutives triumphs, dating from May 2006 to September 2008. That string of victories performed by four different Chevrolet drivers holds the series’ record for the longest streak of consecutive wins at the track. The bowtie’s most recent victory at the track came in April 2021, where Alex Bowman recorded the first of his career-high four wins on the season.
NCWTS ROUND OF 10: RACE TWO
Looking to continue the manufacturer’s momentum as the series’ most recent winner, Chevrolet drivers and teams of the NASCAR Camping World Truck Series (NCWTS) are back in action this weekend, joining the NASCAR Cup Series for a doubleheader race weekend at Richmond Raceway. Taking the green under the lights on Saturday night, the Worldwide Express 250 for Carrier Appreciation marks the second of three races in the NCWTS Round of 10, giving the playoff field another opportunity to win and advance to the next round to continue the chase to the title.
Grant Enfinger and the No. 23 GMS Racing Silverado RST team heads into the race weekend as the only team with a guaranteed spot into the NCWTS Round of Eight following their win at the playoff opener at Lucas Oil Indianapolis Raceway Park. Chevrolet’s other playoff contender, Carson Hocevar, will head to Richmond seven points above the playoff cutline. 2022 marks just the second full-time season for the 19-year-old Niece Motorsports driver, with Hocevar racing his way into the coveted playoff field in both seasons. In 17 NCWTS races this season Hocevar has recorded six top-fives, including three in a row in recent events (Nashville – third; Mid-Ohio – third; Pocono – fifth).
The single appearance by the NCWTS at Richmond this season will be the 14th race in the series’ history at the track. The Virginia short track first hosted the series in 1995, with Terry Labonte driving the No. 5 Chevrolet for team owner Rick Hendrick to victory lane in the inaugural event. In the series’ 13 races at the track, Chevrolet has captured six of those victories to lead all manufacturers.
Notable entries into the NCWTS field this weekend includes Rajah Caruth, who will be back behind the wheel of the No. 7 Spire Motorsports Silverado RST. The 20-year-old Chevrolet driver made his NCWTS debut with the team earlier this season at World Wide Technology Raceway, piloting the Chevrolet-powered machine to a strong 11th-place finish. His second career NCWTS start will come at a track that holds a special place in Caruth’s young racing career, with Richmond Raceway also being the venue where he made his NASCAR Xfinity Series debut back in April.
NXS PLAYOFF PICTURE: FIVE-TO-GO
The NASCAR Xfinity Series (NXS) is heading into an off weekend, but the grind doesn’t stop as pressure of the looming playoffs builds with just five races left in the NXS regular season. Chevrolet put on a strong showing in the series’ trip to the manufacturer’s home track of Michigan International Speedway, with JR Motorsports’ Justin Allgaier recording a runner-up finish and leading the bowtie brigade to seven top-10 finishes. Allgaier and the No. 7 JR Motorsports Camaro SS team has now finished in the top-three in three of the last four races, dating back to his most recent win at New Hampshire Motor Speedway.
The weekend started out strong for the manufacturer right out of the gate, with Noah Gragson and the No. 8 JR Motorsports Camaro SS team capturing Chevrolet’s series-leading 12th pole win of the season. Leading the field to the green flag of the 125-lap race, Gragson went on to sweep both stage wins after pit strategy during the midway point provided crew chief Luke Lambert with the opportunity to opt for track position during a green flag pit cycle to compete for the stage two win. Gragson’s stage sweep marked Chevrolet’s manufacturer-leading 33rd NXS stage win of the season.
Following a series-leading 18th top-10 finish of 2022, AJ Allmendinger remained at the top of the NXS driver points standings, with fellow Chevrolet driver Justin Allgaier just 19 points back in the second position. Chevrolet also continues to hold strong in the top spot of the NXS manufacturer points standing, 89 points ahead of second. In the series’ 21 races thus far, Chevrolet drivers have accumulated 14 of those wins.. exactly double the win count of its manufacturer competitors combined (Toyota – 6; Ford – 1).
ONE PLAYOFF SPOT UP FOR GRABS
Kevin Harvick’s win at Michigan International Speedway made him the 15th different NASCAR Cup Series winner this season, leaving just one single spot remaining on the playoff grid for drivers to point their way into the 2022 NCS playoff field. Three races remaining in the series’ regular season means three opportunities for new winners.. which could potentially make a single win for some drivers not enough to secure their playoff berth.
Chevrolet’s NCS playoff outlook heading into Richmond:
· 2020 NCS Champion, Chase Elliott, remains in the top position in both driver points ranking and playoff ranking as he closes in on what would be his first career NCS regular season championship. In the NCS driver points standings, Elliott leads second-place Ryan Blaney by 119 points. Elliott’s series-leading four wins and 25 playoff points also has the Chevrolet driver ranked at the top of the playoff grid. Elliott could potentially clinch the regular season championship as early as this weekend at Richmond. The Chevrolet driver would need a 121-point lead over second-place in order secure the title.
· Seven different Chevrolet drivers have made at least one trip to victory lane and taken a spot in the 16-driver NCS playoff field thus far, giving the bowtie brand 43 percent of the playoff field with three races to go in the regular season.
· The first Chevrolet driver on the outside looking in is Petty GMS driver Erik Jones. While entering the Richmond race weekend below the cutline, the No. 43 Chevrolet Camaro ZL1 has recorded three top-10 finishes in the past five races.. making the team a strong contender to become the series’ 16th new winner of 2022.
· The winningest brand in the NASCAR Cup Series, Chevrolet, continues to sit atop the NCS manufacturer points standings, 76 points over second place. Along with its 13 wins and a winning percentage of 57%, Chevrolet also continues to lead the series in top-fives (54), top-10s (102), stage wins (20) and laps led (2,806).
BOWTIE BULLETS
· Active NASCAR Cup Series Chevrolet drivers that have won at Richmond Raceway:
Alex Bowman, No. 48 Hendrick Motorsports Camaro ZL1 (1 win – 2021)
Kyle Larson, No. 5 Hendrick Motorsports Camaro ZL1 (1 win – 2017)
· Chevrolet has recorded 39 wins and 46 pole wins at Richmond Raceway, both of which are series-leading statistics. Of those race wins includes a streak of six consecutive wins (2006-2008), giving the bowtie brand the record for the longest streak of consecutive wins in series’ history at the track.
· Current NASCAR Cup Series points leader, Chase Elliott, leads the series in a variety of statistical measures, including: race wins (4), laps led (658), average running position (10.5), average finish (10.3), top-10 finishes (15) and playoff points (25). Elliott could potentially clinch the regular season championship as early as this weekend, with the driver needing a 121-point lead over second-place to secure the title.
· Chevrolet heads into the Richmond race weekend with a manufacturer-leading 13 NASCAR Cup Series wins in 23 points-paying races. The bowtie brand also continues to lead its manufacturer competitors in NCS top-fives (54), top-10s (102), laps led (2,806) and stage wins (20).
· Seven Team Chevy drivers have combined 20 NASCAR Cup Series stage wins:
Tyler Reddick 2 - Fontana x2
Alex Bowman 1 - Las Vegas
Ross Chastain 4 - Las Vegas, Darlington, Charlotte, Pocono
William Byron 3 – Phoenix, Atlanta, Talladega
Daniel Suarez 2 – COTA, Charlotte
Chase Elliott 3 – Martinsville x2, Charlotte, Atlanta x2
Kyle Larson 3 – Bristol, Sonoma, Pocono
· Chevrolet leads the driver points standing in both the NASCAR Cup Series and the NASCAR Xfinity Series. Chase Elliott remains in the top position in the NCS standings with a 119-point lead over second; and AJ Allmendinger continues to lead the NXS standings by 19 points. Chevrolet also remains atop both the NCS and NXS manufacturer points standings.
· With its 40 NASCAR Cup Series Manufacturer Championships, 33 NASCAR Cup Series Driver Championships, and 827 all-time NASCAR Cup Series wins, Chevrolet continues to hold the title of winningest brand in NASCAR.
FOR THE FANS
· Fans can visit the Team Chevy Racing Display in the Fan Midway at Richmond Raceway.
· Fans can check out an assortment of Chevrolet vehicles including: Corvette Z51, Camaro ZL1, Tahoe LTZ, Silverado 2500HD Crew High Country, Silverado 1500 Crew ZR2, & Blazer Premier AWD.
TEAM CHEVY QUESTION AND ANSWER SESSIONS AT THE DISPLAY:
Saturday, August 13
· Derek Kraus, Colby Howard & Jake Garcia - 12 p.m.
· Matt DiBenedetto - 12:15 p.m.
· Grant Enfinger & Jack Wood - 12:30 p.m.
· Carson Hocevar & Dean Thompson - 1 p.m.
Sunday, August 14
· Ricky Stenhouse Jr. – 12 p.m.
· Landon Cassill – 12:15 p.m.
Chevrolet Display Hours of Operation:
Saturday, August 13: 11 a.m. – 8 p.m.
Sunday, August 14: 9 a.m. – 3 p.m.
TUNE IN
USA Network will broadcast the NASCAR Cup Series Federated Auto Parts 400 at 3 p.m. ET on Sunday, August 14. Live coverage can also be found on the NBCSports Gold App, MRN and SiriusXM NASCAR Radio Channel 90.
FS1 will broadcast the NASCAR Camping World Truck Series Worldwide Express 250 for Carrier Appreciation at 8 p.m. ET on Saturday, August 13. Live coverage can also be found on MRN and SiriusXM NASCAR Radio Channel 90.
QUOTABLE QUOTES
ROSS CHASTAIN, NO. 1 MOOSE FRATERNITY CAMARO ZL1
There was a lot of fall off at the Richmond race earlier this year. The way it played out and with all of the different strategies, were you surprised with how that race played out?
"I wasn't really surprised. From what I’ve seen since I’ve been around Richmond is that it has been a high fall off track. In the Xfinity Series, my spotter Lorin Rainer in 2016, he told me going into the weekend that if I would just listen to him, that I would run good. We had an 80 lap run to the finish and with 20 to go we went from 20th to seventh in Johnny Davis’ car. It was because we saved our rear tires. It’s the same thing this year, I burned off my front tires because we had such short runs in the spring for most of the race, and then all of the sudden we had a long run at the end and I wasn’t prepared as a driver for that. I put my front tires past the limit and made speed early but it really cost me when there was a really long run at the end."
KYLE LARSON, NO. 5 HENDRICKCARS.COM CAMARO ZL1
Larson on the challenge of Richmond Raceway:
"What makes Richmond (Raceway) so difficult is the slow pace and the tires fall off quite a bit with the Next Gen car. It was difficult to pass earlier this year. Qualifying will be important and just taking care of your rear tires on a long run will be key."
CLIFF DANIELS, CREW CHIEF, NO. 5 HENDRICKCARS.COM CAMARO ZL1
Daniels on the organization’s gains on tracks less than a mile-and-a-half:
"We’ve upgraded our short-track program a lot. Our cars were okay at Richmond (Raceway) – we weren’t great. We certainly weren’t that good at Gateway. We really did a lot of work to get better for New Hampshire (Motor Speedway). We did not execute a good race at New Hampshire but we had a lot of car speed and the car had a lot of potential."
CHASE ELLIOTT, NO. 9 NAPA AUTO PARTS CAMARO ZL1
Elliott on racing at Richmond:
"In the spring, I really felt like we had a better car than where we finished. Strategy didn’t quite work in our favor, so I’m looking forward to seeing what we can do when we return this weekend. Passing is going to be tough again, so I really feel like qualifying and getting good track position is going to be important."
ALAN GUSTAFSON, CREW CHIEF, NO. 9 NAPA AUTO PARTS CAMARO ZL1
Gustafson on how to run well at Richmond:
"You need to have good security in the car and really being able to cut the center is important in order to perform well at Richmond (Raceway). Brakes can be difficult there, it’s not a super tough braking track but it’s very finicky how you use them. So, brakes can be paramount to the performance of the car. Those are the keys to be able to go fast. Of course, you also have to have good strategy. We had a lot of long green flag runs there in the spring so pit stops are also going to be super important."
NOAH GRAGSON, NO. 16 CHEVY ACCESSORIES CAMARO ZL1
“Richmond is a really fun racetrack and I'm looking forward to trying to learn more in this new car each week. We had so much speed last weekend in Michigan, so everyone on this No. 16 team is super optimistic going into the weekend. It will be a challenge, since this is the first racetrack that I will really have to use the brake pedal on in the Cup series and my first short track. Having a win at Richmond in the Xfinity series also brings some confidence. That, plus the speed we have shown lately, makes me really eager for the weekend."
WILLIAM BYRON, NO. 24 LIBERTY UNIVERSITY CAMARO ZL1
Byron on if he’s in ‘playoff mode’ yet:
"I don’t try to get into any sort of mode. I just try to race. We try, at times, to simulate what a playoff race would be like or things like that, but it never seems to work too well. We’re going to try our best when the playoffs start and we’re trying our best this weekend. Hopefully this weekend goes as we want it to. The only thing that races right now represent are the strengths or weaknesses at certain tracks. I feel like we’ve gotten the road courses pretty good, and we were really good at the short tracks earlier this year as well. Even though Richmond (Raceway) isn’t in the playoffs anymore, it’s a short track that will kind of represent a Phoenix (Raceway)-type track."
RUDY FUGLE, CREW CHIEF, NO. 24 LIBERTY UNIVERSITY CAMARO ZL1
Fugle on his thoughts for Richmond:
"We feel good about Richmond (Raceway). We ran really good there in the spring and led a lot of laps. The way that the pit strategy played out is the only reason we didn’t win. I could have made a different call but with the information I had at the time, I still feel like it was the right call. I’m just excited to get back there and give it another go. This race will be a day race instead of a night race. The track temperature will be higher which means you need more grip. You’ll have less grip in the track but more grip in the car hopefully and build off of that."
JUSTIN HALEY, NO. 31 LEAFFILTER GUTTER PROTECTION CAMARO ZL1
“We had some issues last week in Michigan, but I'm looking forward to a fresh start at Richmond. We have been working hard on our short track program, so hopefully all the hard work translates over to this week and we can get a good finish."
ALEX BOWMAN, NO. 48 ALLY CAMARO ZL1
Bowman on heading to Richmond this weekend:
"The No. 48 team has had success there which always helps our confidence. We ran well and took home a top 10 at Michigan (International Speedway) so we all feel like there is no reason we can’t go to Virginia this Sunday and build some momentum for the playoffs. Greg (Ives, crew chief) is really good about keeping us focused one race at a time, which helps us take the pressure off and perform when the time comes. We will study hard, prepare as much as we can and go execute this weekend."
GREG IVES, CREW CHIEF, NO. 48 ALLY CAMARO ZL1
Ives on the top-10 finish at Michigan:
"It was a fight all day, but our team has that spirit in us. Starting 30th was not what any of us had in mind, but Alex (Bowman) did a great job to stay in it and trust myself and the rest of the team to get him what he needed. He was able to be aggressive and make the right moves to get to the front of the field. Our pit crew executed well and while I always want to do better, last weekend was a huge momentum-building moment for the No. 48 team as we head toward the start of the playoffs."
DANIEL SUAREZ, NO. 99 COMMSCOPE CAMARO ZL1
Do you get frustrated with the way the last two weeks have gone?
"You get mad for a bit and disappointed, but not frustrated. Our Chevrolets have been really fast. We were in position to win at Indy. We were second headed to the final lap and we had a cut tire.
On Sunday, if the race had gone without a caution another lap, we would have been back up in the lead. It was just bad luck on the timing. If we keep running as well as we have the last two weeks luck will turn our way and we will be very happy."
GRANT ENFINGER, NO. 23 SUREDONE / AUTO PARTS 4LESS SILVEARDO RST
“I'm definitely a short track guy, so I get excited any time the Camping World Truck Series heads to one. I think Richmond is a place that myself and Hensley have had some success at, and I also think that it's one of those places that fits my natural driving style, so I don't have to change any of my normal tendencies are to race there. I like that the tires fall off, and that we're slipping and sliding, and that we have to manage that situation the whole time. We have some confidence from our last showing at IRP, so we're going to roll that right into Richmond this week."
JACK WOOD, NO. 24 CHEVYLINERS.COM SILVERADO RST
"I'm looking forward to racing at Richmond on Saturday. I've never raced there before, but Grant has been pretty strong there in the past, so hopefully, I'll be able to learn some stuff from him about how that track tends to race. Hopefully, we can use this second short track race in a row as an opportunity to fix some of our problems from last time out at IRP, and I think there will be a good chance that we unload with a fast No. 24 ChevyLiners.com Silverado RST. It was nice to have an off week, but I'm ready to get back in the seat again."
GM PR | https://speedwaydigest.com/index.php/news/nascar-cup-series-news/72011-ncs-at-richmond-team-chevy-advance | 2022-08-11T20:58:11Z | speedwaydigest.com | control | https://speedwaydigest.com/index.php/news/nascar-cup-series-news/72011-ncs-at-richmond-team-chevy-advance | 1 | 1 | green-iguana-35 | null |
Budding Short Tracker … Richmond Raceway plays hosts to the third short track event of the 2022 season on Saturday night and Tyler Ankrum looks to extend his short track aptitude. The driver of the No. 16 LiUNA! Toyota Tundra TRD Pro has a potent track record in Virginia’s capital with two top-five finishes in as many starts at the three-quarter mile facility. Ankrum and the No. 16 team are fresh off their best result of the season at Indianapolis Raceway Park (IRP) after scoring a sixth-place finish and are in position to be a playoff spoiler on Saturday evening.
Long Short Track Record … In his 84 NASCAR Camping World Truck Series starts, Ankrum has gleaned 13 races worth of short track experience. The 22-year-old has a wealth of familiarity at venues similar to Richmond and has tallied top-10 results at four of the five short tracks at which he’s competed in Camping World Trucks competition, most recently at IRP on July 29th. Prior to entering the tailgating ranks, Ankrum forged his short track experience in the ARCA Menards Series East by winning the championship in 2018, a season that included three short track victories at South Boston Speedway, Thompson Speedway, and Iowa Speedway.
Season to Date … Ankrum continues to hold the 12th spot in the Camping World Trucks point standings after 17 of 23 scheduled events. The San Bernardino, Calif. driver has earned seven top-10 results, with a best finish of sixth at IRP, and owns an average finish of 15.4.
Chassis Selection … HRE’s No. 16 LIUNA team led by crew chief Scott Zipadelli has prepared chassis No. 009 to return to action at Richmond. This Toyota Tundra TRD Pro is coming off a sixth-place result at IRP two weeks ago. Prior to it’s sixth-place finish in Clermont, IN, Ankrum finished 13th behind the wheel of this chassis at World Wide Technology Raceway in June.
Tune In … FOX Sports 1 will carry all on-track activity on Saturday, beginning with practice and qualifying at 3:00 p.m. ET. NASCAR Raceday kicks off race coverage at 7:00 p.m. ET followed by the green flag at 8:00 p.m. ET. Stay connected with the No. 16 LIUNA team by following @Hattori_Racing on Twitter, @hattoriracing on Instagram, and Hattori Racing Enterprises on Facebook.
Tyler Ankrum Quote:
On short track racing at Richmond:
“I’ve loved racing at Richmond the last couple years, and it’s great the Truck Series was brought back there. It’s pretty high speed for a short track, but the pavement has become so abrasive that it can turn into a tire management game pretty quick. We had a great run with our LIUNA Toyota Tundra TRD Pro last time out at IRP, and that place has some similar characteristics to Richmond, so that gives me and our team a lot of confidence that we can continue our performance this weekend. We’ve had a couple top 10’s at the short tracks this year, so I’m looking forward to building on that. Hopefully we can keep our truck well balanced all race and keep the tires under it. If we do that, I think we’ll put ourselves in a great position at the end of the night.”
HRE PR | https://speedwaydigest.com/index.php/news/nascar-truck-series-news/71997-richmond-gives-ankrum-another-shot-for-short-track-success | 2022-08-11T20:58:36Z | speedwaydigest.com | control | https://speedwaydigest.com/index.php/news/nascar-truck-series-news/71997-richmond-gives-ankrum-another-shot-for-short-track-success | 1 | 1 | green-iguana-35 | null |
Richmond Raceway Stats
- Jack Wood will make his first career start in any series at Richmond Raceway on Saturday.
2022 NCWTS Season Stats
- Starts: 17, Best start: 10th, Best finish: 13th (Atlanta), Current points position: 25th
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- Chassis History/Info: Wood and the No. 24 team will compete with GMS Racing chassis no. 302 at Richmond Raceway. This specific chassis has quite the lengthy history on it, dating back to 2017 when it was initially debuted. Since the time it first joined the GMS fleet, multiple drivers have driven it to six top-fives and 10 top-10 finishes, including one win at Darlington Raceway in the spring of 2021, where it last competed. Richmond will mark the first time that Wood has piloted this Silverado RST.
- Birthday Celebrations: On Sunday, August 7th, Jack Wood turned 22 years old. How did he celebrate? By going to the racetrack of course! Wood enjoyed the weekend off by attending the NTT IndyCar Series and Trans-Am race events on the streets of Nashville.
- Richmond Rookie: Jack Wood is one of 16 drivers on the entry list that have never made a NASCAR national series start at Richmond Raceway. The rookie has three previous NCWTS short track starts under his belt, including two at Martinsville Speedway and one at Lucas Oil Indianapolis Raceway Park. With a background in short track racing on the West Coast, however, Wood is prepared to make his first laps at the iconic Virginia track on Saturday.
- JW Quote: "I'm looking forward to racing at Richmond on Saturday. I've never raced there before, but Grant has been pretty strong there in the past, so hopefully, I'll be able to learn some stuff from him about how that track tends to race. Hopefully, we can use this second short track race in a row as an opportunity to fix some of our problems from last time out at IRP, and I think there will be a good chance that we unload with a fast No. 24 ChevyLiners.com Silverado RST. It was nice to have an off week, but I'm ready to get back in the seat again."
GMS Racing PR | https://speedwaydigest.com/index.php/news/nascar-truck-series-news/72004-gms-racing-ncwts-race-preview-richmond-raceway | 2022-08-11T20:58:49Z | speedwaydigest.com | control | https://speedwaydigest.com/index.php/news/nascar-truck-series-news/72004-gms-racing-ncwts-race-preview-richmond-raceway | 1 | 1 | green-iguana-35 | null |
The Grand Prix of Portland at Portland International Raceway (PIR) is less than a month away and will feature nine total races from five different racing series in one action-packed Labor Day weekend, Sept. 2-4.
Stock car racing will headline Saturday’s action as the ARCA Menards Series West returns to PIR for the second time this year. Then the green flag drops on the weekend’s main event featuring the NTT INDYCAR SERIES on Sunday, Sept. 4.
The NTT INDYCAR SERIES field will once again feature seven-time NASCAR Cup Series champion Jimmie Johnson. Johnson’s legendary NASCAR career spanned 20 years (2001-2020) and featured 83 wins (tied for sixth all time). His seven championships tie him with Richard Petty and Dale Earnhardt Sr. for the most in NASCAR history.
Johnson currently pilots the No. 48 Carvana Chip Ganassi Racing Honda in his second NTT INDYCAR SERIES season. He will look to build on last year’s 20th-place finish in his very first appearance at PIR.
“With the progress we have been making lately, I’m really excited to get back to Portland this year,” Johnson said. “We have come a long way in a season, and I’m just looking forward to seeing the progression each and every week.”
The veteran racer has shown signs of improvement in the back half of his second open-wheel season, which also includes all the oval races this season, as evidenced by a 16th-place finish at The Honda Indy 200 at Mid-Ohio Presented by the All-New 2023 Civic Type R (July 3rd) and more recently by 11th and fifth-place results at Iowa Speedway.
“We made some changes to our thought patterns at Mid-Ohio and have been progressing significantly each week,'' Johnson said. “We are focusing more on what I need to feel comfortable in the car, which translates to me being able to push the limits more. The Iowa result was such a morale booster for everyone on the No. 48 (team). It was so fulfilling. We made great strides in Toronto as well.”
The ARCA Menards Series West race at PIR on Saturday, Sept. 3, will give series points leader Jake Drew a chance to win for the second time at the 1.97-mile, 12-turn permanent road course this season. Drew took home his first career checkered flag in a rain-shortened Portland 112 on June 4th and followed that victory up with wins at Sonoma Raceway and Irwindale Speedway.
The 22-year old, second-year ARCA driver of the No. 6 Sunrise Ford Racing machine has put together an impressive 2022 campaign with these three consecutive wins, two straight pole awards and top five finishes in all six ARCA Menards Series West races. The Fullerton, Calif. product credits the team around him.
“I think it’s just how hard the whole team works from the shop to the track,” Drew said. “We’re always doing our best. Even with all the success we’ve had, we’re still just pushing like we’re still hunting down that first win. It makes it fun when we’re doing good, of course. That’s what we’re all here for.”
Drew, who spent his childhood racing go karts before making the jump to stock cars, will approach the upcoming race at Portland full of confidence after winning at PIR in June and earning a pole at the track in 2021.
“I’m hoping it doesn’t rain again. The rain was definitely tricky, but we did race there last year in the dry,” Drew said. “We got the pole last year by a significant amount of time and pulled out some pretty big leads throughout the race. I think the competition will be a little bit closer than it was last year or even in the rain earlier this year, but I still think we have a super strong package. And I can bring 16 years of karting experience along with me as always when we go to the road courses, so that always helps.”
Additionally, the Road to Indy Presented by Cooper Tires will join the NTT INDYCAR SERIES and ARCA Menards Series West at PIR on race weekend with all three series of the open-wheel development ladder running races: Indy Lights Presented by Cooper Tires on Sunday (Sept. 4) and tripleheader races for both Indy Pro 2000 Championship Presented by Cooper Tires and Cooper Tires USF2000 Championship.
For ticket pricing, grandstand seating locations and additional festival information, visit portlandgp.com. Tickets start at just $20, and children 12 and under receive free general admission and access to the paddock. Stay up to speed on the Grand Prix of Portland on social media all year long by following #PortlandGP.
Portland GP PR | https://speedwaydigest.com/index.php/news/racing-news/71979-grand-prix-of-portland-will-feature-nine-races-from-five-racing-series | 2022-08-11T20:58:56Z | speedwaydigest.com | control | https://speedwaydigest.com/index.php/news/racing-news/71979-grand-prix-of-portland-will-feature-nine-races-from-five-racing-series | 1 | 1 | green-iguana-35 | null |
The 19th and 20th races of the 2022 Western Midget Racing presented by Masters Design and Construction season hit the dirt this weekend. Friday night will see the stock production powered Midgets at the Ocean Speedway in Watsonville, Calif. The series’ second-ever stop at Marysville Raceway Park is on deck for Saturday night’s action.
Friday’s race at Ocean includes Ocean Sprints presented by Taco Bravo and the special Terry Traub Tribute for Hobby Stocks. The entire night can be streamed live on FloRacing.com Saturday’s Marysville action is the championship night for Hobby Stocks plus 360 Sprint Cars, with racing broadcast on NorCalSpeed.TV part of the SPEED SPORT TV platform.
Blake Bower’s back-to-back NorCal sweeps in July have boosted the 2021 champion from Brentwood into the lead of the 2022 series. Bower has won nine of his 13 starts in the tour to enjoy a 32-point advantage over Las Vegas’ Kyle Hawse. Oakley’s Bryant Bell, Peoria, Ariz.’s Cory Brown, and Lodi’s Nate Wait will each hit or exceed 12 starts following this weekend’s action as the championship fight will tighten in the best-of-12 format.
Brown will be making his Marysville Raceway debut and continues to search for a victory in Watsonville as well. Brown is having a career-best campaign in 2022 with three wins at Adobe Mountain Speedway and a runner-up performance at Ocean Speedway on July 29. Greg Jewett returns to Western Midget Racing this weekend in search of his first series triumph as well.
Santa Cruz’ Logan Mitchell is the most-improved rookie driver this season, earning a series-best third place finish at Petaluma on July 30 driving the No. 96x for Mayer Iron.
The top-ten in the championship are Bower, Kyle Hawse, Todd Hawse of Moorpark, Bell, Brown, Wait, Mitchell, French Camp’s Sage Bordenave, Upperlake’s Brody Petire, and Goodyear, Ariz.’s Chloe High. Kyle Hawse and Bower lead the series with ten top-fives each, while Brown has top-fived in nine of his ten starts this season.
Teams who travel from more than 240 miles to compete will be eligible for a part of the $400 in road warrior money offered at each round this season.
Western Midget Racing is presented by: Masters Design and Construction, Rockwell Security, Rams Racing, Hoosier Racing Tire, Extreme Mufflers, FTK, Blud Lubricants, and West Evans Motorsports.
Car construction details are available at www.WesternMidgetRacing.com or find the series on Facebook!
WMR PR | https://speedwaydigest.com/index.php/news/racing-news/71982-wmr-hits-watsonville-and-marysville-this-weekend | 2022-08-11T20:59:02Z | speedwaydigest.com | control | https://speedwaydigest.com/index.php/news/racing-news/71982-wmr-hits-watsonville-and-marysville-this-weekend | 1 | 1 | green-iguana-35 | null |
Season 8 of the ABB FIA Formula E World Championship will climax in South Korea this weekend with the 2022 Hana Bank Seoul E-Prix where the champion driver and team will be crowned and the world’s first all-electric motorsport series will mark 100 races.
Eleven teams and 22 drivers have competed in Formula E’s biggest racing season to date with Rounds 15 and 16 to come this Saturday and Sunday and four drivers still in contention for the title at the top of the standings.
It will be the first time Formula E has raced in South Korea with the E-Prix taking place on a unique track constructed around and even looping through the Jamsil Olympic Stadium, the first world championship sporting event held at the venue since the Olympic Games in 1988.
Stoffel Vandoorne leads the way for Mercedes-EQ in a bid to make it back-to-back wins following their Drivers' and Teams' World Championship success last year in Season 7. The Belgian extended his lead to 36 points over nearest rival Mitch Evans (Jaguar TCS Racing) during the SABIC London E-Prix two weeks ago that saw his closest competitors falter.
Consistency is critical in the ABB FIA Formula E World Championship. While Vandoorne has achieved only one win this season compared to three each for Evans and Edoardo Mortara (ROKiT Venturi Racing) in third place, Vandoorne has the most podium finishes and has scored on 13 occasions this season, taking the honour from Daniel Abt as the most consistent points finisher in a campaign. Vandoorne’s last four rounds have all yielded top four finishes and a pair of podiums: the gauntlet has been thrown by the Mercedes-EQ driver.
In his fourth campaign, Vandoorne has been around the series long enough to know that securing his first World Championship title is far from a sure thing in Seoul, where race strategy will be affected by high humidity and record-breaking levels of rainfall this week that will demand outstanding planning and driving execution.
Mitch Evans (Jaguar TCS Racing) had worked his way into closest contention of top spot but a crushing technical problem in London put a huge dent in his chances. The Kiwi was on track to pin Vandoorne back to a 22-point lead, some 14 fewer than his current advantage but an inverter problem at the end of Round 14 saw him out of fourth and into retirement despite front-running pace.
But opportunity remains for Evans. He has dominated entire race weekends before, most notably in Rome this season, but the stakes are much higher this time around and Vandoorne only has to outdo the Jaguar driver in Round 15 for the battle to be over.
In third and fourth respectively, Edoardo Mortara and DS TECHEETAH's Jean-Éric Vergne have it all to do. Mortara topped the standings at the halfway stage of the season after a run of two wins and two more podiums in Berlin and Jakarta. Since then, the Swiss has only managed two low-scoring points finishes in New York City and a pair of non-scores in London, but he remains just five points back from Evans.
Similarly, Vergne has hit his worst-ever run in Formula E, with four consecutive blanks for the very first time in the championship. While it’s an uncharacteristic return from the Frenchman, JEV is the only driver in the top four to have won the World Championship – twice – and experience could still earn a place on the podium.
The Teams' battle
Mercedes-EQ stretched its lead in London with silverware for both de Vries and Vandoorne. Back-to-back titles look to be on with a 36-point margin on ROKiT Venturi Racing in second, with DS TECHEETAH behind the Monegasque outfit by 11 points.
Landmarks await
On Sunday, the second race of the 2022 Hana Bank Seoul E-Prix double-header will be Formula E’s 100th E-Prix. The race is also the end of the Gen2 era, the second version of Formula E race car.
As such, the centenary E-Prix will appropriately mark three huge generational leaps in EV technology and industry-leading sustainability achievements ahead of the debut in Season 9 of the fastest, lightest, most powerful and efficient electric race car ever built – the Gen3.
The 1,000 club
As the only driver set to line up on the grid this weekend and race in all 100 E-Prix, Lucas di Grassi (ROKiT Venturi Racing) is also chasing a landmark 1,000 points. The Brazilian has been an intrinsic part of Formula E from day zero and is set to become the only driver to have entered every E-Prix to-date following Sam Bird’s (Jaguar TCS Racing) unfortunate withdrawal through injury as the only other ever-present driver to date.
Topping off his Season 8 with 1,000 points, following a maiden win for ROKiT Venturi in London which saw him reach 996 in his Formula E career so far, it would be some way to celebrate. Lucas has eyes on that prize but the goal for Seoul is to go out and seal championship silverware for Venturi.
"I'm very proud of to be able to be competitive for eight years now, in a championship which is super competitive," said di Grassi. "The level of the teams that drive versus us is just insanely good. But we go to Seoul with our main target being the Teams' World Championship, for ROKiT Venturi Racing to be number one.
"The task is hard, but it's mathematically feasible. So until it's unfeasible, we're going to work very hard. We know how things are in Formula E, everything can happen. So we're going to be on top of it and try to get this World Championship title for the team."
An all-new challenge
The newest circuit on the Formula E calendar is at Seoul's Olympic Park. The lap starts with a tight, technical run before entering the Jamsil Olympic stadium where the 22 racers will put on a show for thousands of fans in the stadium seats.
As they leave the stadium a batch of sweeping turns leading to long straights connected by 90-degree turns follows as the circuit wraps around the Olympic park and the drivers jostle for position around this fast 2.6km, 22-turn circuit.
Seoul also brings more high temperatures for the teams to manage. EV battery systems and powertrains are at their most efficient and performant inside a specific temperature window.
Managing raw, outright pace with efficiency and high ambient temperatures will be a weekend-long battle for drivers and engineers. There will be plenty of thinking and thousands of kilometres worth of simulator data put into play to ensure ATTACK MODEs, FANBOOST and race strategy are on-point by the first race on Saturday.
It will all be hypothetical for the engineers until they can get out on track in Free Practice to corroborate the maths and sim work they have put in since London. In addition, the new track surface will evolve rapidly. What might be true on Saturday morning might be completely different by the afternoon, and certainly by Sunday.
Add to that the complications from expected downpours and high humidity. Whoever triumphs in Seoul will have more than earned their silverware in the most dramatic ABB FIA Formula E World Championship season to date.
Don't miss a minute of Season 8. Keep track of the best ways to tune in where you are at
fiaformulae.com/watch. | https://speedwaydigest.com/index.php/news/racing-news/72001-season-8-of-the-abb-fia-formula-e-world-championship-culminates-in-korea | 2022-08-11T20:59:09Z | speedwaydigest.com | control | https://speedwaydigest.com/index.php/news/racing-news/72001-season-8-of-the-abb-fia-formula-e-world-championship-culminates-in-korea | 1 | 1 | green-iguana-35 | null |
Talladega Superspeedway is proud to announce that multi-Platinum singer-songwriter Chase Rice, who also has NASCAR ties, will be the featured artist for the track’s traditional Saturday Night Infield Concert, Oct. 1, during an exciting NASCAR Playoffs weekend, featuring the YellaWood 500.
Rice will take the stage at NASCAR’s “Party Capital” just hours after the conclusion of the Sparks 300 (NASCAR Xfinity Series) and Chevy Silverado 250 (NASCAR Camping World Truck Series) races, and the night before the YellaWood 500 NASCAR Cup Series event (Sunday, Oct. 2). It will mark the second time that Rice has performed at the biggest and baddest race track on the planet (spring of 2015). The best part about the concert is that admission is FREE with the purchase of a Sunday race ticket for the YellaWood 500. Breakout country artist Bailey Zimmerman will open the anticipated night.
“We are thrilled to have Chase Rice back with us at Talladega Superspeedway for our popular Saturday Night Infield Concert,” said Talladega Superspeedway Chairman Brian Crichton. “We have amazing fans, and knowing what an incredible entertainer Chase is, everyone in attendance is going to have an incredible time. Chase will continue the tradition in our world-famous infield, and it’s one fans will not want to miss.”
With more than 2.3 million albums sold and over 2.3 billion total streams, plus a legion of passionate fans at his high-energy concerts across the globe, Rice has established himself as a powerful force in Nashville and beyond. With a forthcoming album crafted in his rural Tennessee home-turned-studio, his sound continues to evolve to reflect the realities of his life, as evidenced by recent single “If I Were Rock & Roll” and his latest release, “Key West & Colorado.” The new music serves as a follow up to his three-part project, The Album, featuring his latest Platinum-certified No. 1 hit, “Drinkin’ Beer. Talkin’ God. Amen. (featuring Florida Georgia Line)” and Platinum-certified Top 10 hit “Lonely If You Are.”
This is the same gravelly-voiced Chase Rice fans first fell in love with years ago – but better. Freer. Unbeholden and uninhibited, somehow capable of evoking Chris LeDoux and The Chronic, campfire singalongs and stadium anthems, all at once. The new music builds upon the success of his sophomore album, Lambs & Lions, which featured the Triple-Platinum, two-week chart topper “Eyes On You” – Rice’s first No. 1 as an artist and the most-streamed song of his career.
In addition to a hugely successful music career, Rice also has an athletic background as a former linebacker at the University of North Carolina, and was a part of the sport of NASCAR, serving as a rear tire carrier for the Hendrick Motorsports team pit crew before moving to Nashville to pursue music full-time.
Warner Music Nashville / Elektra Music Group breakout country artist Zimmerman is following an explosive trajectory after an unexpected, whirlwind rise. His undeniable smash “Fall In Love” features Zimmerman’s “blistering...effortlessly gritty, fervent vocal” (Billboard). The song is currently racing up the country radio charts and multiple all-genre Billboard charts, having already charted at No. 1 on Apple Music’s Top Country Songs chart and SiriusXM The Highway’s Top 30 Countdown earlier this year.
A victory by a playoff eligible driver in any of the trio of October events will make it to the next round of their respective NASCAR Playoffs series. The YellaWood 500 will serve as the second race in the Round of 12 and will feature NASCAR’s ’Next Gen’ car. Bubba Wallace is the defending Champion of the YellaWood 500. Brandon Brown won last year’s Xfinity Series race while Tate Fogleman took the top honors in the Camping World Truck Series race.
Guests attending the weekend can be immersed into the sport of NASCAR by being a part of the Talladega Garage Experience, which gives the ability to be up-close to NASCAR’s top drivers and teams via a fan walkway under the same roof as the NASCAR Cup Series garage bays. For all race weekend ticket information, log onto www.talladegasuperspeedway.com
Fans are encouraged to keep up with all the happenings at the biggest, baddest race track on the planet by following Talladega Superspeedway on Twitter, Facebook and Instagram, as well as the all-new NASCAR Tracks App. for the latest speedway news.
TSS PR | https://speedwaydigest.com/index.php/news/speedway-news/71998-multi-platinum-country-artist-chase-rice-to-perform-saturday-night-infield-concert-oct-1-at-talladega-superspeedway-during-nascar-playoffs-weekend | 2022-08-11T20:59:47Z | speedwaydigest.com | control | https://speedwaydigest.com/index.php/news/speedway-news/71998-multi-platinum-country-artist-chase-rice-to-perform-saturday-night-infield-concert-oct-1-at-talladega-superspeedway-during-nascar-playoffs-weekend | 1 | 1 | green-iguana-35 | null |
The stars and cars of the FASTRAK Pro Late Model Touring Series will invade Virginia Motor Speedway for the $3000 to win Prelude to the World Championship. Many of the Mid-Atlantic's top Pro Late Model drivers will be on hand to not only take home the $3000 top prize but also get some valuable track time for the $50,000 to win FASTRAK World Championship set for September 23-24, 2022.
"What this essentially boils down to is a paid practice for Pro Late Model competitors for our upcoming $50,000 to win FASTRAK World Championship presented by Dealer Group USA," commented track owner and President Bill Sawyer.
Sawyer added, "the FASTRAK Pro Late Model races are some of the best races we host here at Virginia Motor Speedway; no matter where you look, there is always three and four wide action throughout the field."
Also, see the tracks Budweiser Modified, Truckin Thunder Sportsman, and Collision One Limited Stocks in action.
Competitor gates for Saturday, August 20, will open at 3 pm, with spectator gates opening at 5 pm. On track, activities will begin at 5:45 pm with hot laps.
Adult tickets are just $15; seniors (60+) $12; military $10; students 13 – 17 years old $8; and children 12 and under free. Pit passes, regardless of age, will be $25. Prelude to the World Championship tickets can be purchased in advance by going to https://bit.ly/Prelude_tx or at the gate on race day.
16" coolers are welcomed, but no glass is allowed. There is plenty of free well-lit parking, and camping (no hookups) is allowed at no charge on a first-come, first-served basis.
Bill Sawyer's Virginia Motor Speedway is a ½-mile dirt oval track located on U.S. Route 17, eight miles north of Saluda, VA, and 25 miles south of Tappahannock, VA, in Jamaica, VA. The speedway is just a short drive from Richmond, Fredericksburg, Southern Maryland, and the Hampton Roads area.
Race fans can go to www.vamotorspeedway.com to view the complete schedule Virginia Motor Speedway's 2022 season, find detailed event information, get the latest news, and get complete ticket and camping information. Also, fans can get social with Virginia Motor Speedway by following @vamotorspeedway on Twitter, clicking "Like" at www.facebook.com/VaMotorSpeedway , and on www.youtube.com/VaMotorSpeedway.
VMS PR | https://speedwaydigest.com/index.php/news/speedway-news/72008-virginia-motor-speedway-to-host-the-3000-to-win-prelude-to-the-world-championship-saturday-august-20 | 2022-08-11T21:00:18Z | speedwaydigest.com | control | https://speedwaydigest.com/index.php/news/speedway-news/72008-virginia-motor-speedway-to-host-the-3000-to-win-prelude-to-the-world-championship-saturday-august-20 | 1 | 1 | green-iguana-35 | null |
YouTube sensation Cleetus McFarland, whose popular videos about racing and cars have built a worldwide audience of nearly 3.5 million subscribers, will present an action-packed two days of racing and fun at legendary Bristol Motor Speedway on Labor Day weekend, Sept. 3-4.
The first of its kind event will feature two intense Burnout Competitions, high-flying Stadium Super Trucks and the inaugural Bristol 1000, a 100-lap race of survival in vintage Crown Victoria sedans for an all-star cast of drivers.
Saturday will be all about burnouts. Drag Racers perform them to heat their tires prior to a run down the quarter-mile and NASCAR drivers do them in wild victory celebrations along the front-stretch. Either way, fans enjoy watching the smoke billow from the heated rubber tires. There will be two different burnout competitions, an Open Burnout Competition that will pay $5,000 to the winner, and an invitation-only Pro Burnout Competition, that will award the winner $10,000. In addition, there will be a special rivals burnout competition between select personalities.
“We have everything from 2,000-horsepower supercharged Camaros to daily driver Mustangs,” McFarland said. “There’s a 1971 Duster, a supercharged Chevelle. It’s literally about who can blow up their tires the best and not blow their engines. There’s usually a lot of carnage going on in the burnout competitions.”
On Sunday, the Bristol 1000 will showcase an all-star cast of pro and part-time race car drivers mixed with an array of social media influencers competing on the all-concrete high-banks at the controls of nitrous-powered Crown Victoria sedans.
Among the notable competitors, NASCAR Camping World Truck Series star Hailie Deegan is scheduled to compete, along with her father, former freestyle motocross and X-Games superstar Brian Deegan, winner of the last two Cleetus Crown Vic races. A wide assortment of YouTube and social media influencers are also on the entry list.
The Bristol 1000 will challenge the participants to survive 100 laps around the tough BMS half-mile oval. McFarland says he can’t believe he and his friends are getting to race the workhorse sedans known for their use as police cruisers around The World’s Fastest Half-Mile.
“The driver’s list for the Bristol 1000 is insane," McFarland told the media recently. "We will have have YouTubers and professional motorsports drivers. It brings a huge variation of motorsports together. At the end of the day, we’re getting to race at Bristol Motor Speedway. It doesn’t get any better than that.”
The event also will showcase 12 of Robby Gordon’s Stadium Super Trucks competing both days. McFarland, who drives one of the trucks, put on a demonstration for the media recently in his Super Truck to promote the event. He performed several jumps, including one of more than 200 feet over an orange sports car.
If you are a gearhead, car lover or high-performance enthusiast, this is certainly an event you won’t want to miss. An open Pit Party will be held each day where fans can come into the infield and check out the historic track up close, see the Crown Vics, Stadium Super Trucks and other cars and get autographs from the unique cast of characters.
“Our audience is a little bit NASCAR, a little bit Monster Jam and a lot of YouTube viewers,” McFarland said. “The burnouts are great for the kids and the Bristol 1000 is great for the guys who like head-to-head racing. There’s action going on that appeals to everyone.”
Tickets for the event start at $30 for Saturday and $40 for Sunday. Kids tickets are $10 on Saturday and $15 on Sunday. A weekend combo ticket is available for $60 for adults and $20 for kids. Event parking is $10 per day. To purchase tickets and parking passes for the Cleetus and Cars / Bristol 1000 event, please visit the Bristol Motor Speedway website, or call the BMS Ticket Sales Center at (866) 415-4158.
CLEETUS & CARS / BRISTOL 1000 WEEKEND SCHEDULE
Saturday, Sept. 3, 2022
11 a.m. Spectator Parking Lots Open
1 p.m. Spectator Gates Open
1-4 p.m. Pit Party
4 p.m. Skid Pad Action Begins
5 p.m. Open Burnout Competition ($5,000 to win)
7 p.m. Stadium Super Trucks Exhibition
8 p.m. Burnout Rivals Invitational Competition
8:30 p.m. Pro Burnout Competition ($10,000 to win)
Sunday, Sept. 4, 2022
9 a.m. Spectator Parking Lots Open
10 a.m. Spectator Gates Open
10 a.m.-1 p.m. Pit Party
2 p.m. Bristol 1000 Qualifying
3 p.m. Stadium Super Trucks Exhibition
4 p.m. Bristol 1000 Opening Ceremonies
4:30 p.m. Bristol 1000 Race (100 laps)
6:30 p.m. Event Complete
BMS PR | https://speedwaydigest.com/index.php/news/speedway-news/72013-youtube-sensation-cleetus-mcfarland-and-friends-invade-iconic-bristol-motor-speedway-on-labor-day-weekend-with-cleetus-cars-bristol-1000 | 2022-08-11T21:00:31Z | speedwaydigest.com | control | https://speedwaydigest.com/index.php/news/speedway-news/72013-youtube-sensation-cleetus-mcfarland-and-friends-invade-iconic-bristol-motor-speedway-on-labor-day-weekend-with-cleetus-cars-bristol-1000 | 1 | 1 | green-iguana-35 | null |
When you think about hypertension, heart disease usually comes to mind. But now expectant moms have another reason for concern.
Dr. Karen Schliep, Led Study says “There have been suggestions that it is also related to the future risks of dementia.”
Dr. Karen Schliep led the study of nearly 60- thousand women who had experienced a pregnancy. She recently presented her findings at the Alzheimer’s Assocaition’s International Conference.
Dr. Karen Schliep says “Our findings was that whether you have gestational diabetes or
Research shows that hypertensive disorders of pregnancy or HDP occurs in nearly one in seven pregnancies
But there is some good news .
Dr. Karen Schliep says “If you have a pregnancy complication like hypertensive pregnancies, they have found if you come in for care and go through regular women’s health visits be properly treated for future risks of hypertension.
Dr. Schliep says that also means making modifications in things like your diet, lifestyle, and treatment.
Dr. Karen Schliep says “This is something that we can do something about. We need that proper follow up and communication with your primary care provider particularly for women who experience pregnancy complications.” | https://www.local3news.com/alzheimers-study-shows-link-between-hypertension-and-pregnancy/article_f63847e2-19ad-11ed-a323-5703b502f823.html | 2022-08-11T21:00:39Z | local3news.com | control | https://www.local3news.com/alzheimers-study-shows-link-between-hypertension-and-pregnancy/article_f63847e2-19ad-11ed-a323-5703b502f823.html | 1 | 1 | green-iguana-35 | null |
The US Centers for Disease Control and Prevention says the nation should move away from restrictive measures such as quarantines and social distancing and focus on reducing severe disease from COVID-19.
In new guidelines released Thursday, the agency no longer recommends staying at least 6 feet away from other people to reduce the risk of exposure -- a shift from guidance that had been in place since the early days of the pandemic.
The shift is a sign of how much has changed since the beginning of the pandemic more than two years ago. Nearly the entire US population has at least some immunity through vaccination, previous infection or, in some cases, both.
"The current conditions of this pandemic are very different from those of the last two years," said Greta Massetti, branch chief of the Field Epidemiology and Prevention Branch at the CDC, in a news briefing Thursday.
"High levels of population immunity due to vaccination and previous infection and the many available tools to prevent to the general population and protect people at higher risk allow us to focus on protecting people from serious illness from COVID-19."
The new CDC guidelines say contact tracing, another hallmark during the pandemic, should be limited to hospitals and certain high-risk group-living situations such as nursing homes, and the guidelines de-emphasize the use of regular testing to screen for COVID-19, except in certain high-risk settings like nursing homes and prisons.
The new guidance also does not advise quarantining people who've been exposed to COVID-19 but are not infected.
But the guidance does keep some measures the same. It encourages testing for people with symptoms and their close contacts. It also says people who test positive should stay home for at least five days and wear a mask around others for 10 days. It also continues to recommend that people wear masks indoors in about half the country.
The new guidelines also tailor advice on isolation for people who became very sick from COVID-19. People with moderate symptoms -- such as shortness of breath, and those who were hospitalized -- should stay at home for at least 10 days. People with compromised immune systems should now talk to their doctor about ending their isolation after an infection.
There's new advice on what to do if your COVID-19 symptoms rebound, too. If you end your isolation, and your COVID-19 symptoms get worse, you should start your isolation over again and see your doctor.
Trying to meet people where they are
The changes are an acknowledgment that SARS-CoV-2 may be with us for the long haul. They aim to help people live their lives around COVID-19 with minimal disruptions to work and school. They are also more risk-based, advising people who are at higher risk for severe illness to take more personal precautions than others.
"I think they just overall come into alignment with what people are doing anyway," says Dr. Peter Chin-Hong, an infectious disease specialist at the University of California at San Francisco.
Chin-Hong thinks some states, like California, will continue to go beyond the CDC's guidance in their own recommendations, but by and large, he thinks these reflect the prevailing attitudes toward the pandemic. He sees it as a move by the CDC to try to regain the public's trust.
A recent survey from the Annenberg Public Policy Center shows that most Americans (54%) are no longer masking indoors, and about 4 in 10 say they've fully returned to their pre-pandemic routines -- up from 16% in January.
"What the CDC is, in my opinion, trying to do, they are trying to still be relevant, and maybe when they say something, people will listen to them instead of being completely 180 degrees away from what behavior is anyway," Chin-Hong said.
Bill Hanage, an epidemiologist at the Harvard T.H. Chan School of Public Health, agrees that the new guidance shows that the CDC is trying to meet people where they are.
"I think that this is a point where you actually have to sort of get real and start giving people tools they can use to do something or not. Because otherwise, people will just will not take you seriously," Hanage said.
Other experts, however, feel that the CDC's new guidelines don't go far enough to correct scientific missteps in previous guidance.
"This revision does not go anywhere near enough to correct the problems of flawed recommendations and lack of evidence," said Dr. Eric Topol, a cardiologist at Scripps Research Institute in La Jolla, California, said in an email to CNN. Topol has been critical of the CDC for many months, saying it wasn't strict enough with its isolation policies for people with COVID.
Latest advice to stay safe from COVID
The CDC recommends that COVID-19 prevention practices continue to depend on a person's risk of becoming severely ill and on the COVID-19 community levels. Community levels reflect cases in a community as well as hospitalization rates and hospital capacity.
When the COVID community level is high -- as it currently is in 41% of counties -- the CDC continues to recommend that everyone wear high-quality masks indoors. High-risk people should also wear quality masks when the community level is medium, as it now is in 39% of counties.
The agency also puts more emphasis on improving ventilation. Aerosol scientists have long complained that the 6-foot social distancing guidance was arbitrary and unhelpful because the virus that causes COVID-19 can float through the air for greater distances.
The CDC continues to stress the use of vaccines and therapeutics to reduce "medically significant illness" in COVID-19. For the general population, the agency noted that being vaccinated and boosted is highly protective against severe illness and death. The CDC urges everyone to stay up to date on their recommended shots.
In addition to vaccination, the agency urges additional measures for people with suppressed immune function, including the use of Evusheld, a kind of passive immunity that's given before a person gets sick. It's especially helpful for people who can't mount an immune response, and experts say it has been underutilized in this country.
The agency also stresses the use of antiviral medications in people who catch COVID-19 and are at higher risk for severe outcomes. This group includes people who are older or unvaccinated or those who have certain medical conditions that put them at higher risk. Conditions that increase risk include overweight and obesity, pregnancy, smoking, diabetes, cancer, heart disease and mental health conditions, including depression.
COVID guidance for schools
Some of the changes in the guidelines will apply to schools.
The agency removed the recommendation that kids in different classrooms avoid mixing, a practice known as cohorting. It also removed advice that kids who are contacts of someone who tested positive for COVID-19 take regular tests -- and test negative -- to remain in the classroom, which was known as test-to-stay.
Some educators said they didn't expect the updated CDC guidelines to change much, at least for this school year.
"We welcome clear, concise and actionable guidance from the CDC. Specific to this latest round, we don't expect it to be particularly disrupting or impactful in schools," said Noelle Ellerson Ng, associate executive director of Advocacy & Governance at AASA, The School Superintendents Association.
Many districts have finalized their opening plans and mitigation strategies, and are sticking to what worked the prior school year to keep kids in schools learning.
The-CNN-Wire™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.local3news.com/local-news/cdc-ends-recommendations-for-social-distancing-and-quarantine-for-covid-19-control-no-longer-recommends/article_1316adfe-19a9-11ed-823c-9795f2e51317.html | 2022-08-11T21:00:51Z | local3news.com | control | https://www.local3news.com/local-news/cdc-ends-recommendations-for-social-distancing-and-quarantine-for-covid-19-control-no-longer-recommends/article_1316adfe-19a9-11ed-823c-9795f2e51317.html | 1 | 1 | green-iguana-35 | null |
You can now send your application for an absentee ballot for the November 8th State General Election and the City of Chattanooga Council District 8 Run Off Election.
Click here to access Hamilton County's Election Commission website to request an absentee ballot or check the status of a submitted Absentee Application.
Now accepting absentee applications for the November 8, 2022 State General Election and SEPARATE applications for the City of Chattanooga Council District 8 Run-Off Election. Begin your application online: https://t.co/17toFcEA9o pic.twitter.com/tR5zxUYUI4
— Hamilton County Election Commission (@VoteHamiltonTN) August 10, 2022
Those applications are due on September 8-th. | https://www.local3news.com/local-news/hamilton-county-election-commission-opens-online-absentee-ballot-applications/article_acea493c-19b2-11ed-b0ad-a33b0445f8d1.html | 2022-08-11T21:01:03Z | local3news.com | control | https://www.local3news.com/local-news/hamilton-county-election-commission-opens-online-absentee-ballot-applications/article_acea493c-19b2-11ed-b0ad-a33b0445f8d1.html | 1 | 1 | green-iguana-35 | null |
The House select committee investigating January 6, 2021, has recently interviewed former Transportation Secretary Elaine Chao and is in talks with former Education Secretary Betsy DeVos as well as former National Security Adviser Robert O'Brien, multiple sources tell CNN. Chao and DeVos, both members of former President Donald Trump's Cabinet, resigned a day after the attack on the US Capitol and discussed invoking the 25th Amendment to remove Trump from power.
News of Chao's cooperation, and the committee's discussions with DeVos and O'Brien have not been previously reported. It comes after former Secretary of State Mike Pompeo met with the panel on Tuesday. The 25th Amendment was a topic of focus during Pompeo's meeting, CNN previously reported.
Additionally, sources tell CNN the committee is still negotiating terms for a potential interview with former Director of National Intelligence John Ratcliffe. Given the classified nature of Ratcliffe's former role, there are unique issues the two sides have to work out, the sources said.
At least nine Cabinet-level officials who were still in their roles on January 6 are known to have cooperated with or are engaging with the committee.
Like Pompeo, DeVos and Chao are known to have explored the idea of possibly removing Trump from power via the 25th Amendment in the immediate aftermath of the January 6 attack. While Pompeo served out his tenure as Secretary of State, DeVos and Chao both sent letters of resignation to Trump on January 7.
As national security adviser, O'Brien was not a member of Trump's Cabinet but sources say he was involved in high-level discussions about the 25th Amendment immediately following January 6. In a statement to CNN, O'Brien denied that, saying, "I was at no time involved in discussions about invoking the 25th Amendment."
CNN previously reported that O'Brien also considered resigning from his post over Trump's response to the violence that day but ultimately decided to remain in the job.
O'Brien was out of town on January 6 but his deputy, Matthew Pottinger, was in Washington and told his boss that day he was resigning. Pottinger testified publicly during the committee's last hearing focused on Trump's 187 minutes of inaction as the violence unfolded.
A spokesperson for the committee declined to comment on cooperation with DeVos, O'Brien and Chao.
A spokesperson for Chao declined to comment. A spokesperson for DeVos disputed the notion that DeVos is actively in discussions about scheduling an interview, but provided no further comment to CNN. O'Brien did not comment on his talks with the committee.
Zeroing in on talk of the 25th Amendment
Multiple former Cabinet officials who have been interviewed by the committee were asked about the 25th Amendment, according to numerous sources familiar with the investigation. But the panel still appears to be seeking information about those discussions following January 6.
In a June interview with USA Today, DeVos acknowledged publicly for the first time that she discussed the possibility of invoking the 25th Amendment with other Cabinet members and then-Vice President Mike Pence following January 6.
Devos told USA Today that before she resigned, she explored whether using the 25th Amendment to remove Trump from office was a viable option. DeVos said Pence told her he would not support using the 25th Amendment and that his backing would be necessary for such an effort to be successful.
Sources have told CNN that Chao, the wife of Senate Minority Leader Mitch McConnell, had similar discussions prior to stepping down as Secretary of Transportation.
During her public testimony before the committee during a hearing earlier this summer, Cassidy Hutchinson, a former aide to Trump White House chief of staff Mark Meadows, testified that after the attack on the Capitol, Pompeo warned Meadows that Cabinet secretaries discussed whether to invoke the 25th Amendment.
"You're technically the boss of all the Cabinet secretaries," Hutchinson quoted Pompeo telling Meadows. "And you know if the conversations progressed, you should be ready to take action on this."
Several other Trump Cabinet officials are known to have met with the committee already, including former Treasury Secretary Steven Mnuchin, former acting Homeland Security Secretary Chad Wolf, former Labor Secretary Eugene Scalia, former acting Defense Secretary Chris Miller and former acting Attorney General Jeffrey Rosen.
The committee also met with former Attorney General William Barr but he had left the administration prior to January 6. Trump's former acting White House chief of Staff Mick Mulvaney met with the panel last month.
Both Wolf and one of his top deputies, Ken Cuccinelli, sat for interviews with the committee several months ago, sources said. CNN previously reported the interviews.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.local3news.com/regional-national/first-on-cnn-elaine-chao-trumps-former-transportation-secretary-met-with-jan-6-committee-as/article_c1712631-a35d-5a7d-90e1-d3dc04f2000a.html | 2022-08-11T21:01:33Z | local3news.com | control | https://www.local3news.com/regional-national/first-on-cnn-elaine-chao-trumps-former-transportation-secretary-met-with-jan-6-committee-as/article_c1712631-a35d-5a7d-90e1-d3dc04f2000a.html | 1 | 1 | green-iguana-35 | null |
The most recent flash flooding event on Wednesday dropped as much as 4-6" of rainfall across portions of the Tennessee Valley. Roadways, low-lying areas, and local farmland all took on excess flood water. The water has since receded, but the saturated ground left behind can slow down food production for local farmers.
"If the ground is really wet, a tractor can get stuck. Which means we have to wait to use the tractor to prepare our fields for fall, so it pushes back our planting and harvesting date," said Courtney Parker with Crabtree Farms.
Saturated grounds can put farmland at the risk of flooding, which can lead to additional issues. "The way that it affects us is that it flows down the slope of the land into our backfield and completely saturates the soil. It also causes a lot of erosion in between our rows," said Parker.
Clay soil is the most common in our area and is known to drain poorly. Over time, farmers can balance their soil with organic compost such as manure to reduce the time that the ground remains saturated.
"Most of the soil around here is clay, which means that whenever it rains we are holding onto the water a lot longer compared to places that don't have clay in their soil," said Parker.
Farmers also plant cover crops such as clover and oats as a protective measure to reduce flood-related damages throughout the rainy season. | https://www.local3news.com/the-impact-of-flash-flooding-on-local-farmers/article_5bfa3780-19a8-11ed-8279-ab5d483f256e.html | 2022-08-11T21:02:10Z | local3news.com | control | https://www.local3news.com/the-impact-of-flash-flooding-on-local-farmers/article_5bfa3780-19a8-11ed-8279-ab5d483f256e.html | 1 | 1 | green-iguana-35 | null |
Watch: Trooper with ‘cat-like’ reflexes catches dog as it jumps out of car window
An Oregon state trooper deserves a round of a-paws after he was caught on camera using his "cat-like" reflexes to save a dog as it leaped out of a car window.
Video from Oregon State Police shows the trooper talking to a driver he pulled over for speeding, while also petting a pug, the "coconspirator," in the front seat. All of a sudden, a dog from the backseat climbs into the front seat and jumps right out the window.
"While contacting the driver & distracted by a coconspirator, a canine occupant attempted to elude on foot," OSP said on Twitter.
Trooper Silver, using his "cat-like reflexes," caught the dog before it could hit the ground running on the highway — then released the pups and their human with a warning.
Last week, Oregon state troopers made headlines when they responded to reports of two cars racing each other and ended up pulling over "Lightning McQueen" and "Dinoco," two cars from Pixar’s "Cars" franchise.
Photo credit: Oregon State Police
The trooper followed the two cars but didn’t see anyone racing, so he pulled "Lightning McQueen" over for following too close, then "Dinoco" pulled over with him. The trooper talked to both drivers about the importance of highway safety. | https://www.fox32chicago.com/news/oregon-state-trooper-catches-dog-jumping-out-car-window | 2022-08-11T21:02:31Z | fox32chicago.com | control | https://www.fox32chicago.com/news/oregon-state-trooper-catches-dog-jumping-out-car-window | 1 | 1 | green-iguana-35 | null |
Trio plead not guilty in shooting that paralyzed off-duty Chicago Police Officer Danny Golden
CHICAGO - The three men charged in a shooting that left off-duty Chicago Police Officer Danny Golden paralyzed in Beverly last month entered a plea of not guilty Thursday.
Attempted murder charges were filed against 22-year-old Bryant Hayes and Justen Krismantis, and 28-year-old Demetrius Harrell in July, and a Cook County judge ordered the three held without bond.
Prosecutors said the three suspects got into a fight with customers at a Beverly bar on July 9, and the fight spilled outside.
Prosecutors said that off-duty Officer Golden was acting as a peacekeeper and was walking away from the suspects when one pulled out a gun and began firing.
Golden was hit in the back, severing his spine and paralyzing him below the waist.
It’s tragic what happened," said Liam Hopkins, a friend of Golden’s family. "There’s no answer for any of that. Danny Golden serves our community, and he served our country selflessly over the last eight years."
Golden is a US Army veteran and a third generation Chicago police officer.
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Prosecutors said they recovered text messages showing the three suspects laughing about what happened.
MORE: Ring video captures moment off-duty Chicago cop was shot in Beverly
"The defendants also joked about the incident afterwards stating, "let’s get drunk this weekend and start a bar fight." And, "that (expletive) was fun they beat my ass too."
The next court date for the suspects is Oct. 13. | https://www.fox32chicago.com/news/trio-plead-not-guilty-in-shooting-that-paralyzed-off-duty-chicago-police-officer-danny-golden | 2022-08-11T21:02:43Z | fox32chicago.com | control | https://www.fox32chicago.com/news/trio-plead-not-guilty-in-shooting-that-paralyzed-off-duty-chicago-police-officer-danny-golden | 1 | 1 | green-iguana-35 | null |
TOO CUTE: Aquarium wants your help with naming its otter pups
WILMINGTON, N.C. (WECT/Gray News) - The North Carolina Aquarium at Fort Fisher is asking for the public’s help in naming its three Asian small-clawed otter pups.
WECT reports the otter pups were born on May 21 during a full moon, king tide and a storm.
“The team at the aquarium researched and shared meaningful naming ideas based on the native habitat of Asian small-clawed otters and the unique circumstances of when they were born. We’re sharing the top four trios of names and asking our community to vote for their favorite,” said Shannon Anderson, the otter keeper at the aquarium.
The aquarium team shared the following trio of names with their explanations:
- Stella, Mae and Selene (moon, Thailand moon goddess and goddess of the moon)
- Padma, Bulan and Melati (Indonesia’s three national flowers — the Giant Padma, Anggrek bulan, the moth orchid; and Melati putih, the Arabian Jasmine)
- Tala, Reyna and Ula (bright star, queen and small one)
- Java, Bali and Nusa (volcanic islands in Indonesia)
The aquarium is taking votes here.
Copyright 2022 WECT via Gray Media Group, Inc. All rights reserved. | https://www.wave3.com/2022/08/11/too-cute-aquarium-wants-your-help-with-naming-its-otter-pups/ | 2022-08-11T21:16:29Z | wave3.com | control | https://www.wave3.com/2022/08/11/too-cute-aquarium-wants-your-help-with-naming-its-otter-pups/ | 1 | 1 | green-iguana-35 | null |
US Postal Service plans holiday price hikes for 3rd straight year
Published: Aug. 11, 2022 at 4:20 PM EDT|Updated: 56 minutes ago
(CNN) - The U.S. Postal Service plans to raise the prices during the peak holiday season for the third year in a row.
The postal service said the temporary price increase on a variety of mail services would offset rising delivery costs.
The increases will range from 25 cents to $6 per package.
They will cover individual and business mailings for priority mail, priority mail express and first-class package service.
They would go into effect on Oct. 2 and last through Jan. 22.
The postal regulation commission has to give the green light for the higher rates to go into effect.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wave3.com/2022/08/11/us-postal-service-plans-holiday-price-hikes-3rd-straight-year/ | 2022-08-11T21:16:36Z | wave3.com | control | https://www.wave3.com/2022/08/11/us-postal-service-plans-holiday-price-hikes-3rd-straight-year/ | 1 | 1 | green-iguana-35 | null |
The 7th Battalion The Rifles - London and the South's premier British Army Reserve Infantry Battalion conducts aviation familiarization training with the Florida National Guard's 1-111th General Support Aviation Battalion for Northern Strike '22, at Camp Grayling, Michigan, on Aug. 9, 2022. Northern Strike '22 brings 7,400 participants from 19 states and four coalition countries to Northern Michigan to validate the readiness and interoperability of multicomponent, multinational, and interagency partners. (U.S. Army National Guard video by Staff Sgt. Chazz Kibler)
This work, FLNG Trains with British Army, by SSG Chazz Kibler, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright. | https://www.dvidshub.net/video/853912/flng-trains-with-british-army | 2022-08-11T21:16:46Z | dvidshub.net | control | https://www.dvidshub.net/video/853912/flng-trains-with-british-army | 1 | 1 | green-iguana-35 | null |
After extensive planning and coordination between headquarters Air Force, the
Air Force Installation and Mission Support Center and major commands, the
first Air Force EOD Team regional competitions and Air Force EOD Team of the
Year Grand Finale are now in the history books. Find out more about this new
program designed to drive innovation, restore readiness, and develop and
retain leaders within the Air Force EOD community.
This work, Air Force EOD Team of the Year Grand Finale (Captioned), by Luke Allen and John Goddin, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright. | https://www.dvidshub.net/video/853927/air-force-eod-team-year-grand-finale-captioned | 2022-08-11T21:17:11Z | dvidshub.net | control | https://www.dvidshub.net/video/853927/air-force-eod-team-year-grand-finale-captioned | 1 | 1 | green-iguana-35 | null |
U.S. Customs and Border Protection, Air and Marine Operations (AMO) agents interdicted three separate pangas transporting a total of 72 Mexican nationals on April 5, 2022.
AMO detected three pangas with their lights off carrying multiple persons. The pangas were traveling in the direction of the Maritime International Boundary Line toward the United States.
At approximately 2 a.m. two of the three pangas were interdicted at sea, while one made landfall on the rocky shoreline of Sunset Cliff in Point Loma.
Marine Interdiction Agents (MIA) and U.S. Border Patrol Agents responded to the Sunset Cliffs area where the third panga made landfall. Migrants fled from the panga and attempted to abscond from the scene.
At this time a MIA observed a female migrant still in the water where she was being crushed by the panga and struggling to stay afloat against the high tides. The agent immediately entered the ocean and swam to rescue the woman. As the agent swam to the rocky shore with the woman in tow, another agent climbed down the rocks to assist safely pulling the woman out of the water.
“Smugglers have no regard for the safety of their passengers,” said Director Air and Marine Operations, Brandon Tucker. “This situation could have been fatal for all onboard.”
EMS arrived at the scene and transported the woman and another injured migrant to a local hospital.
The remainder of the migrants were taken into custody by USBP to nearby Border Patrol stations to be processed.
This work, CBP Mission Ready: San Diego Air and Marine Operations Interdicts Panga Boats, by Mani Albrecht, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright. | https://www.dvidshub.net/video/853936/cbp-mission-ready-san-diego-air-and-marine-operations-interdicts-panga-boats | 2022-08-11T21:17:42Z | dvidshub.net | control | https://www.dvidshub.net/video/853936/cbp-mission-ready-san-diego-air-and-marine-operations-interdicts-panga-boats | 1 | 1 | green-iguana-35 | null |
HOUSTON, Aug. 11, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announces operational and financial results for the three months ended June 30, 2022 and declares a quarterly cash dividend of $0.24 per common share.
Q2 2022 Financial Highlights
- Net earnings of $2.5 million, or $0.56 per diluted common share, on revenues of $992.1 million for the second quarter of 2022, compared to net earnings of $4.7 million, or $1.10 per diluted common share, on revenues of $486.7 million for the second quarter of 2021.
- Net cash used in operating activities was $30.1 million, versus net cash generated by operating activities of $29.1 million for the second quarter of 2021. The decrease was primarily driven by an increase in the market price of crude oil and an increase in crude oil inventory and changes in working capital.
- Adjusted net earnings of $3.1 million, or $0.69 per diluted common share, compared to adjusted net earnings of $1.9 million, or $0.44 per diluted common share, for the second quarter of 2021.
- Adjusted cash flow of $9.0 million versus $7.4 million for the second quarter of 2021.
Adjusted net earnings (losses), adjusted earnings (losses) per diluted common share and adjusted cash flow are non-generally accepted accounting principle ("non-GAAP") financial measures that are defined and reconciled in the financial tables later in this release.
Additional Q2 2022 Highlights
- Cash and cash equivalents position was $67.7 million at June 30, 2022, versus $97.8 million at December 31, 2021, primarily due to an increase in crude oil inventory barrels, due in part to timing of customer deliveries, together with an increase in crude oil prices.
- Enhanced financial liquidity of $102.0 million at June 30, 2022, including cash and cash equivalents and $34.3 million available under the Company's $40.0 million Credit Agreement.
- Adam's crude oil marketing subsidiary, GulfMark Energy, Inc. ("GulfMark"), marketed 94,876 barrels per day ("bpd") of crude oil, compared to 89,585 bpd during the second quarter of 2021 and 90,385 bpd during the first quarter of 2022. GulfMark held 573,036 barrels of crude oil inventory at June 30, 2022, compared to 259,489 barrels at December 31, 2021.
- The collective fleet of Service Transport Company ("Service Transport"), Adams' liquid chemicals, pressurized gases, asphalt and dry bulk transportation subsidiary, traveled 6.86 million miles versus 7.25 million miles during the second quarter of 2021 and 6.80 million miles during the first quarter of 2022.
- Adams' crude oil pipeline and storage segment, which was established following the purchase of the Victoria Express Pipeline System ("VEX Pipeline System") in October 2020, further expanded its scope of operations. Pipeline throughput increased to 13,281 bpd from 7,876 bpd for the second quarter of 2021 and 10,486 bpd for the first quarter of 2022, and terminalling volumes grew to 13,704 bpd from 8,106 bpd in the second quarter of 2021 and 10,948 bpd for the first quarter of 2022.
Kevin J. Roycraft, Adams' Chief Executive Officer, said, "We are delighted to report continued momentum through the second quarter, resulting in a strong first half of 2022 both operationally and financially. All three of our segments made important progress on their strategic initiatives designed to sustain profitability and grow their respective businesses for the long-term benefit of our shareholders. I want to thank all of our team members for their steadfast dedication to providing our customers with a safe, efficient and best-in-class service offering."
Capital Investments and Dividends
During the second quarter of 2022, the Company spent capital of $1.1 million for tractors, trailers and other field equipment. In addition, Adams paid dividends of $1.1 million, or $0.24 per common share.
As part of Adams' on-going capital allocation strategy, the Board of Directors has declared a quarterly cash dividend for the second quarter of 2022 of $0.24 per common share, payable on September 23, 2022, to shareholders of record as of September 9, 2022. Adams' has consistently paid a dividend since 1994.
Outlook
Mr. Roycraft concluded, "We look forward to further executing our strategic plan to drive increased efficiencies across the entire organization. We continue to have a strong financial position, which includes a liquidity position of more than $102 million at the end of this year's second quarter. As in the past, we will continue to leverage our significant operational expertise and financial flexibility to execute on opportunities designed to prudently grow our business. We remain laser focused on providing significant long-term value for our shareholders, demonstrated by the regular return on capital through our consistent payment of quarterly cash dividends."
Use of Non-GAAP Financial Measures
This press release and accompanying schedules includes the non-GAAP financial measures of adjusted cash flow, adjusted net earnings (losses) and adjusted earnings (losses) per common share. The accompanying schedules provide definitions of these non-GAAP financial measures and reconciliations to their most directly comparable financial measures calculated and presented in accordance with GAAP. Company management believes these measures are useful indicators of the financial performance of our business and uses these measurements as aids in monitoring the Company's ongoing financial performance from quarter to quarter and year to year on a regular basis and for benchmarking against peer companies. Our non-GAAP financial measures should not be considered as alternatives to GAAP measures such as net income, operating income, net cash flow provided by operating activities, earnings per share or any other measure of financial performance calculated and presented in accordance with GAAP. Adams' non-GAAP financial measures may not be comparable to similarly titled measures of other companies because they may not calculate such measures in the same manner as Adams does. The non-GAAP financial measures are defined and reconciled in the financial tables below.
About Adams Resources & Energy, Inc.
Adams Resources & Energy, Inc. is engaged in crude oil marketing, transportation, terminalling and storage and tank truck transportation of liquid chemicals and dry bulk through its subsidiaries, GulfMark Energy, Inc., Service Transport Company, Victoria Express Pipeline, LLC and GulfMark Terminals, LLC. For more information, visit www.adamsresources.com.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. In many cases you can identify forward-looking statements by terminology such as "anticipate," "intend," "plan," "project," "estimate," "continue," "potential," "should," "could," "may," "will," "objective," "guidance," "outlook," "effort," "expect," "believe," "predict," "budget," "projection," "goal," "forecast," "target" or similar words. Statements may be forward looking even in the absence of these particular words. Where, in any forward-looking statement, the Company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, and any other risk factors included in Adams' reports filed with the Securities and Exchange Commission. However, there can be no assurance that such expectation or belief will result or be achieved. Unless legally required, Adams undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact
Tracy E. Ohmart
EVP, Chief Financial Officer
tohmart@adamsresources.com
(713) 881-3609
Investor Relations Contact
Gary Guyton or Steven Hooser
Three Part Advisors
(214) 442-0016
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SOURCE Adams Resources & Energy, Inc. | https://www.witn.com/prnewswire/2022/08/11/adams-resources-amp-energy-inc-announces-results-second-quarter-2022-declares-quarterly-dividend/ | 2022-08-11T21:18:39Z | witn.com | control | https://www.witn.com/prnewswire/2022/08/11/adams-resources-amp-energy-inc-announces-results-second-quarter-2022-declares-quarterly-dividend/ | 1 | 1 | green-iguana-35 | null |
Gennadiy Golovkin gained notoriety for his historic knockout streak and became a fan favorite of Mexican boxing fans for labeling his aggressive approach as “Mexican style.”
The fighter from Kazakhstan with memorable one-liners sold out events at the Forum, Madison Square Garden in New York and the O2 Arena in London. “The Big Drama Show” was a hit worldwide and then suddenly the middleweight terror become a middle-aged man.
Golovkin wasn’t planning on fighting at 40 and he likely didn’t expect to wait four years for a trilogy bout with Saul “Canelo” Alvarez. Everything changed for Golovkin after Alvarez left the ring in Las Vegas as the winner of the rematch with a majority decision.
Golovkin had his first career loss and the 23-fight knockout streak was a distant memory, as the rockstar-type fame slowly faded over a four-year wait.
“When he behaved in an unpredictable and illogical manner, at some point, I stopped believing that we were going to see each other in the ring again,” Golovkin said through a translator. “I stopped thinking about that fight and forgot about that. I realized that he was going to come to me again probably when I’m 50, but this fight is taking place now.”
Golovkin is accustomed to waiting after spending his prime years scaring off opponents with his knockout highlights. Eventually, Alvarez stepped up and they delivered two thrilling middleweight title bouts, but in the sport of boxing, controversial scorecards tend to overshadow the memorable fights.
Many ringside writers and boxing pundits had Golovkin as the winner of both fights, but all Golovkin had to show was a 2018 loss and a 2017 split draw with an absurd scorecard of 118-110 in favor of Alvarez. Scorecards, however, are subjective and Alvarez winning the competitive bouts was far from a robbery, but Golovkin had done enough to at least receive a third shot without the lengthy wait.
Golovkin’s wait is scheduled to end Sept. 17 in Las Vegas at T-Mobile Arena, where the first two fights took place. Golovkin said it’s probably not his last fight because he wants to have one in Kazakhstan, but he mentioned that his days of being an active fighter with multiple bouts a year likely ended when the COVID-19 pandemic hit in 2020.
“I still have a lot of plans,” Golovkin said. “I still have big plans. There is my home country of Kazakhstan where I believe I need a fight. And on one side, I can say that I retired some time ago when the pandemic began, you know, with the active part of my career. But on the other hand, I still have some class in the world of boxing. So, you’ll see me.”
Speaking of class, Golovkin might say Alvarez doesn’t have much of it because of the way he’s handled many aspects of their rivalry, including negotiations for finalizing the three fights. Alvarez, 32, would likely say the same about Golovkin because of Golovkin’s remarks in the past four years.
The animosity between the two former sparring partners started after Golovkin called Alvarez a cheater for testing positive for a banned substance that postponed their rematch in 2018. Alvarez claimed it was tainted meat that triggered the positive test, but Golovkin didn’t buy it and never retracted his comments.
“I’m not that kind of person who’s going to belittle any athlete’s achievements and Canelo’s achieved a lot,” Golovkin said. “But there are some other questions about how he did that and what he used. I did not say something just because I just came up with it. There are lab results. The doctor said that there were the results of water testing. And when asked, I said, ‘Yes, I believe that he cheated.’ And if somebody in his team didn’t like my words, I believe it’s their problem.”
Golovkin rarely misses opportunities to criticize Alvarez, but he does have respect for the Mexican star for stepping into the ring when others shied away. That could explain why Golovkin had tamed verbal jabs for Alvarez after losing to Dmitry Bivol in May.
Alvarez challenged himself by fighting a bigger opponent in Bivol at light heavyweight and he became the undisputed champion at super middleweight. Golovkin respects Alvarez’s boldness and perhaps waiting four years could be worth it if he’s able to take Alvarez’s super middleweight titles.
“I was certain that our fight was going to take place and it didn’t bother me,” Golovkin said about Alvarez’s loss to Bivol. “And I was happy with the fact that with this loss, he sort of brought himself back to reality or he was brought back to reality. He was somewhere in the clouds and now I’m hoping that our fight is going to be somewhat down to earth.”
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Throughout the entire NBA, the jersey No. 6 will one day belong only to one man.
The league announced Thursday afternoon that it will retire No. 6 for all NBA teams in honor of Bill Russell, the Boston Celtics great who won 11 championships and was a civil rights pioneer. Russell died last month at 88, and the league’s tribute puts his legacy on par with Jackie Robinson’s No. 42 in baseball.
Current players who wear No. 6, including the Lakers’ LeBron James, will be allowed to continue wearing the number. No new players will wear it until it is Russell’s alone. In the coming season, all players will wear a No. 6 patch on their right shoulder, and a No. 6 on a clover-shaped logo will appear on the sideline near the scorer’s table.
Russell’s jersey is the first to be retired throughout the league. It is befitting of a man who was the face of the league’s most dominant dynastic run in the 1950s and 60s, who became the first Black head coach in a major American sports league and who campaigned for civil rights in an era of tremendous racial strife.
“Bill Russell’s unparalleled success on the court and pioneering civil rights activism deserve to be honored in a unique and historic way,” NBA Commissioner Adam Silver said in a league-issued statement. “Permanently retiring his No. 6 across every NBA team ensures that Bill’s transcendent career will always be recognized.”
In Southern California, Russell will long be remembered as a tormentor: Seven of his titles with Boston (including both as head coach) came against the Lakers. But Russell was also the first to unlock facets of the game as an athletic, shot-deflecting center – his defensive prowess is widely considered the biggest pillar of the Celtic’s 11 titles in 13 years. A five-time league MVP, he was inducted into the Basketball Hall of Fame both as a player and coach.
Russell was also a critic of racial inequality in the United States when Black athletes had much at stake. A native of Louisiana who knew the sting of discrimination well as a child and even upon achieving sports stardom, Russell marched on Washington in 1963, notably ran integrated basketball camps in a time of segregation, and was one of the most powerful figures on the Cleveland Summit in 1967.
In his later years, Russell was showered with accolades, including the Presidential Medal of Freedom in 2011, and the Finals MVP trophy was named after him in 2009. In 2020 after Kobe Bryant’s death, Russell memorably set aside the coastal rivalry and wore purple and gold in Bryant’s honor — a well-received gesture of grace.
After his death, Lakers governor Jeanie Buss tweeted: “Bill Russell was a treasure as a player, coach and especially as a human being.”
There were 25 players who wore No. 6 last season, including former Lakers Alex Caruso (Bulls), Lou Williams (Hawks) and Lance Stephenson (Pacers). James has worn No. 6 (his Miami Heat number) for the last two seasons as a Laker after starting his Los Angeles tenure with his Cleveland number 23.
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COSTA MESA — It was one thing for running back Joshua Kelley to make the Chargers’ roster after a standout career at UCLA, but it is quite another for him to win a larger role in 2022, after two seasons backing up starter Austin Ekeler. Kelley realized he needed to make some big changes this past offseason.
Changes to his workout regime.
Changes to his diet.
Changes to his commitment to the game.
So, he enlisted the help of Overtime Athletes in St. Petersburg, Florida.
“My whole goal this offseason was to become the best football player I could possibly be,” Kelley said after Thursday’s practice at Jack Hammett Sports Complex, the Chargers’ last before their exhibition opener against the Rams on Saturday night at SoFi Stadium.
“It wasn’t to relax, to wind down, to do all sorts of business activities, or vacation. It was to be the best player I could be for this year. So, I evaluated myself. I looked at my strengths and weaknesses, and I felt like I could add some more muscle, add some more explosiveness.
“I took the program I had seriously. I just attacked it.”
Locked in a training camp battle with rookie Isaiah Spiller, a third-round draft pick from Texas A&M this past spring, and Larry Rountree III, a second-year player from Missouri, Kelley decided it was time to reach out for help in an attempt to win the fight and enhance his role.
No question, Ekeler’s name is engraved in stone at the top of the depth chart at running back. But injuries are bound to happen, and Spiller and Rountree didn’t figure to spend their offseasons on their couches playing video games and eating candy bars. They were going to be working, too.
On the advice of a former teammate and with some research on the Internet, Kelley found a program that suited him. After sending Chris Barnard of Overtime Athletes a direct message on Instagram, Kelley got down to business. He didn’t travel to Florida but communicated online.
“These guys had a whole program for me, specifically, and I just attacked it,” Kelley said. “I would find videos of them and I was like, ‘This is some dope stuff.’ I said, “I’m a big fan of this.’ They were like, ‘We got you. Send us your numbers, your height, weight, your goals.’ Boom. Cool.”
Kelley, who has modest career totals of 144 carries, 456 yards and two touchdowns to go with 28 receptions and 186 yards, has been pleased with the results so far in camp. He’s expected to split time with Spiller and Rountree on Saturday night against the Rams.
“It’s been a huge transition,” Kelley said. “I’m like, ‘Boom, faster and stronger.’ There’s a big difference. There’s a correlation between nutrition, the weight room and the field. All that stuff. It feels good. They got me right, but I’m still attacking that program. It doesn’t stop.”
Asked specifically about his play in camp, Kelley said, “I feel like, for me, I’m getting better. I feel like I’m learning. It’s my second year in the offense. Things are slowing down. I’m getting into a rhythm. I’m just learning. Nothing is always perfect. I’m continuing to grow. I’m not thinking so much.”
JAMES (NON) UPDATE
Derwin James Jr.’s “hold-in” reached Day 13 of camp, with Chargers coach Brandon Staley saying there was no change in the All-Pro safety’s status while awaiting a contract extension. James continued his routine of cheering and coaching from the sideline during practice.
With three weeks of camp down and with an exhibition Saturday and two joint practices with the Dallas Cowboys next week, Staley was asked if he would like to have the contract situation resolved and have his defensive leader involved in next week’s activities with Dallas.
“Of course,” Staley said. “I think what’s most important to us is that we get the contract negotiation right. First things first is just the main thing. Then all of the football stuff will take care of itself. Derwin has been very patient through the process and he’s been a tremendous leader.
“I think he’s handled it extremely well. His teammates have handled it extremely well. We’re looking for good news soon.”
INJURY UPDATES
Staley ruled out cornerback Tevaughn Campbell and linebacker Ty Shelby for Saturday’s game against the Rams because of injuries and said linebacker Nick Niemann would be a game-time decision.
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By KATHLEEN RONAYNE | Associated Press
SACRAMENTO — California should invest tens of billions of dollars in water recycling, storage and desalination over the next two decades to shore up its supply as the state gets drier and hotter, Gov. Gavin Newsom said in a proposal released Thursday.
It comes as drought continues to grip the U.S. West and the state prepares to lose 10% of its water supply by 2040, according to projections by the Department of Water Resources. The Democratic governor discussed the proposal at the construction site of a plant to remove salts from river water that should be fresh, the type of project he said the state needs more of in the coming years.
His proposed water recycling targets, which would make treated waste water safe for drinking, would cost $27 billion by 2040, his proposal said. That was the biggest price tag associated with the plan, which also relies on billions in money already approved in past state budgets. The plan envisions that money coming from both state and federal sources.
In total, he wants to boost water annual supply by nearly 3 million acre feet each year; one acre foot can supply about two households.
His plan also calls to expand water storage, in above-ground reservoirs and underground aquifers, by about 4 million acre feet — nearly enough water to fill Shasta Lake, the state’s largest reservoir. New storage infrastructure would help the state capture more water during times of heavy rain, like the two large storms California saw last October and December.
The proposal comes amid the third year of a drought, the state’s second in the past decade. Most of the state’s major reservoirs are far below normal levels after the state saw its driest January through March in at least a century. That’s typically when most of the state’s rain and snow falls.
Meanwhile the Colorado River, a key source of water for Southern California, has reached critically low levels. In boosting the state’s water supply from sources like recycling, the Newsom administration hopes to reduce dependence on the river and other water exports.
The state’s approach to water shortages has focused too much on conservation, Newsom said.
“What we are focusing on is creating more supply, we’re focused on creating more water,” he said.
Interest in water recycling is expanding across the West as states and cities see their water supplies threatened by extended droughts. About two dozen communities, including those in Nevada and Colorado, rely on some recycled water for drinking, but that number is expected to grow.
The Metropolitan Water District of Southern California, which provides water for nearly half the state’s residents, is building a massive water recycling project. Congress included $1 billion for water reuse projects in the West in the infrastructure bill passed last year.
Newsom has resisted conservation mandates, instead calling on Californians to voluntarily reduce their water use by 15%, a target that the state is far from meeting. He’s asked the state’s more than 400 local water districts to implement their own plans to reduce water use and has set a few statewide policies, like a ban on watering decorative grass.
The new proposal doesn’t call for any immediate, mandatory cuts to water use in cities or on farms. Instead, he wants the State Water Resources Control Board to develop efficiency targets for every district, but they would only take effect next spring if there’s another dry winter. He’s also proposing spending $1 billion to get rid of 500,000 square feet of turf.
But Newsom said he wants the Legislature to consider a law that would let the state curtail people’s water rights even when its not a drought. The state operates an archaic system of water rights to govern how much water cities, farms and others are entitled to take and from where. An effort is underway to digitize records that spell out those terms, some more than a century old.
Desalination would make up only about 3% of the added water supply Newsom is calling for, most of it coming from brackish water, which isn’t as salty as water that comes from the ocean.
His plan doesn’t spell out how much water would come from removing salt from ocean water, a more controversial practice, but he’s calling on various state agencies to create a process for citing such projects by 2023.
“As California becomes hotter and drier, we must become more resourceful with the strategic opportunity that 840 miles of ocean coastline offer to build water resilience,” the plan said.
He’s not proposing any new money to boost water storage, instead working to speed up projects that have already been proposed. The state has already put $350 million aside for hundreds of projects aimed at making it easier to recharge groundwater storage.
He’s also committing to pushing forward with seven water storage projects funded by a 2014 bond that voters passed, including a delayed reservoir project.
State Sen. Brian Dahle, a Republican running against Newsom in this fall’s election, said he supports building more reservoirs, water recycling and desalination, but that he doubts the governor’s plan will come with real follow through. He pointed to the fact that no projects have been completed with the bond money the state passed eight years ago.
“When do the people wake up and go, ‘I want results. I actually want some results and I want to stop being promised and charged for non-results,’” he said.
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Fifty-two students to pursue hospitality studies at 10 California colleges
SACRAMENTO, Calif., Aug. 11, 2022 /PRNewswire/ -- The California Hotel & Lodging Association Hospitality Foundation announced today it has awarded $165,000 in scholarships to 52 students to pursue hospitality, tourism, and culinary arts degrees at 10 California colleges.
Winners of the coveted scholarships will be celebrated at the Hospitality Foundation's annual gala on Nov. 3, 2022 at Disney's Grand California Hotel and Spa.
"It has been invigorating to engage with the students this year during the scholarship interview process and to learn about their visions for our industry," said Michael Pace, the Foundation President, and General Manager at the InterContinental Mark Hopkins hotel in San Francisco. "These students have the potential to redefine the lodging industry in exciting new ways. As a hospitality professional, this scholarship program excites me because it provides our industry with the opportunity to encourage an enthusiastic and talented pool of future leaders to continue pursuing careers in hotels and restaurants."
This year's award recipients include students from San Diego State University, University of San Francisco, San Jose State, Cal Poly Pomona, California State University, Monterey Bay, City College of San Francisco, Chico State University, California State University Long Beach, Orange Coast and California State University East Bay.
CHLAHF's scholarship committee, comprised of hospitality professionals, reviewed each application, selecting the honorees based on their grade point average, declaration to pursue a hospitality degree and dedicated hospitality work experience.
About the California Hotel & Lodging Association Hospitality Foundation
CHLAHF is a non-profit organization that provides scholarships and research in support of excellence among industry employees and hospitality students. Our aim is to raise the profile and promote excellence in the California hospitality industry. CHLAHF was formed in April 2019 when two large supporters of hospitality education – The Hotel & Restaurant Foundation and The CHLA Education Foundation – combined to support the future of hospitality in California. For more information, please go to https://chlafoundation.org.
Media Inquiries:
Jennifer Flohr
916-554-2667
jennifer@calodging.com
View original content:
SOURCE California Hotel & Lodging Association Hospitality Foundation | https://www.witn.com/prnewswire/2022/08/11/chla-hospitality-foundation-awards-165000-college-scholarships/ | 2022-08-11T21:20:11Z | witn.com | control | https://www.witn.com/prnewswire/2022/08/11/chla-hospitality-foundation-awards-165000-college-scholarships/ | 1 | 1 | green-iguana-35 | null |
Retirement can loom like a dark cloud for small-business owners. Many invest blood, sweat and tears — and every penny — into building their business but never set cash aside for the future.
A huge number of entrepreneurs have reported putting aside no retirement savings at all. For some, selling the business is their only retirement plan.
That’s a risky bet, says Keith Hall, president and chief executive officer of the National Association for the Self-Employed.
“You’re putting all of your eggs in one basket. Not just your current lifestyle, but your future,” Hall says. “If something goes wrong, you sacrifice both.”
And the list of things that could go wrong is long: Your business could fail. Your health could fail. You may not find a buyer. You may have to sell for less than you need. You may not be able to retire fully.
Rather than gamble on everything going right, diversify your nest egg so it will last you well into your later years.
MAKE RETIREMENT PLANNING A PRIORITY
Saving for retirement is often the last item on your budget and the first to get cut in favor of other priorities, Hall says. Instead, make it as important as paying your mortgage or running your business.
This won’t come naturally to most entrepreneurs, who are often hyper-focused on immediate needs and tend to plan in three- to five-year increments.
“It’s hard as an entrepreneur and small-business owner to think 20-plus years out,” says Mary Bell Carlson , owner of Carlson Consulting LLC. “I’m often figuring out what I need to do today for immediate cash and long-term profitability.”
But Carlson, a financial counselor and certified financial planner, makes a point to invest where she can. She and her husband contribute to his employer-provided retirement plan. They each also put money into individual retirement accounts, among other investments.
“My biggest lesson has been to start, no matter how small the amount; it’s just important to start,” she says.
Determine what you can afford, whether that’s 1%, 5% or 10% of your gross earnings, and commit to it, Hall says. Over a long enough window, even small, regular contributions will compound into something meaningful.
There are a number of retirement plans for small-business owners, each with requirements, stipulations and tax implications.
- TRADITIONAL, ROTH IRA: Individual retirement accounts are easy to open and available to virtually anyone. You can contribute up to $6,000 in 2022 (up to $7,000 if you’re 50 or older). The main difference between traditional and Roth IRAs is whether you want tax savings now or later. Traditional IRAs use pre-tax income, but you pay taxes when the money comes out. With Roths, it’s the other way around.
- SOLO 401(K): Available to business owners with no full-time employees (exception made for a spouse). The contribution limit is up to $61,000 for 2022, though that’s broken into two parts, each with limits. Similar to an employer-sponsored 401(k), contributions are pre-tax and withdrawals are taxed as income.
- SEP IRA: A Simplified Employee Pension IRA, or SEP IRA, operates much like a traditional IRA, except you can contribute a lot more. Annual contributions are capped at $61,000 in 2022 versus $6,000 for a standard IRA. Another key difference: If you put money into your own SEP IRA, you must contribute an equal percentage to employees. This option is best for solopreneurs or those with few employees.
- SIMPLE IRA: This option has a lower contribution limit, up to $14,000 in 2022 (for those under age 50), but it offers employee accounts and is easier for small companies to administer than a traditional 401(k). You must offer a 3% match or a blanket 2% contribution to all employees. You can deduct contributions made to your account and those made on your employees’ behalf.
GET INPUT FROM A PROFESSIONAL
Sure, you can try to decode which retirement plan is best for your business. Or you can work with a certified financial planner or registered investment advisor to determine the best path. Doing the latter can give you confidence in your strategy, help you avoid any costly penalties and ensure you don’t leave any money on the table.
If selling is still part of your retirement plan, the help of a professional is essential, says Norm Sherman, a certified mentor with SCORE , a national volunteer organization that offers free business mentorship. First, you need to know whether your business is sellable and what you can realistically expect to net in a sale.
An investment banker or business broker can evaluate your revenue, profit margins, business structure and market to give you an honest assessment and help you better position your business for a future sale.
“It costs you nothing to get answers to these questions,” Sherman says. “Don’t operate blindly; find experts who can help you.”
The content is for educational and informational purposes and does not constitute investment advice. Kelsey Sheehy is a writer at NerdWallet. Email: ksheehy@nerdwallet.com. Twitter: @kelseylsheehy. | https://nypost.com/2022/08/11/dont-bank-on-your-business-to-fund-your-retirement-2/ | 2022-08-11T21:21:13Z | nypost.com | control | https://nypost.com/2022/08/11/dont-bank-on-your-business-to-fund-your-retirement-2/ | 1 | 1 | green-iguana-35 | null |
No.15 seed Simona Halep eased her way into the quarterfinals at the National Bank Open presented by Rogers for the sixth time in her career, fending off World No.21 Jil Teichmann 6-2, 7-5 in an hour and a half. Here are three takeaways from the former World No.1's victory:
Halep thrives at this level, and in Canada: WTA 1000 events have become Halep’s happy place after nearly a decade at the top of the game. She has more match-wins at WTA 1000 events than any other player, with 182 after Thursday’s win (Victoria Azarenka’s 177 and Caroline Wozniacki’s 176 are next on the list).
And out of all of the WTA 1000 events on tour, the National Bank Open is one of Halep’s best. She won the event in 2016 and 2018, making it one of the five events Halep has won two times in her career.
However, both of Halep’s Canadian titles have come in Montreal; her career-best result in Toronto was a runner-up finish to Belinda Bencic in 2015. Halep would surely like to complete a trifecta of titles by triumphing for the first time in the province of Ontario.
Supreme Simona 🤙
— wta (@WTA) August 11, 2022
🇷🇴 @Simona_Halep advances into her 39th quarterfinal at WTA 1000 level!
Faces No.10 seed Gauff for a place in the semis!#NBO22 pic.twitter.com/iJobARhbJ2
Experience key in windy conditions: Teichmann has proven her bona fides on the North American summer hardcourt swing over the last two years, reaching the final at 2020 Lexington and making her first WTA 1000 final last year in Cincinnati.
But on a blustery day in Toronto, Halep’s lengthier experience at this level paid dividends in the tricky conditions. In the first set, Halep expanded her margins for error and gave Teichmann few opportunities to attack.
Self-described perfectionist Halep stayed focused and overcame inevitable patches of errors generated by the wind, and she leaned on her stellar defense and rally tolerance when Teichmann tightened affairs in the second set.
Teichmann mixed things up with increasing forays to the net as the match progressed. But Halep stayed sturdy and was never broken in the close second set, and she was rewarded with her 35th match-win of the season, trailing only Iga Swiatek (47) and Ons Jabeur (37).
Gauff awaits: Halep’s road will not get any easier when she takes on No.10 seed Coco Gauff in the quarterfinals. Gauff is putting together a career-best season, and she has shown a champion’s mettle this week by beating Wimbledon champion Elena Rybakina and Aryna Sabalenka in third-set tiebreaks in her last two matches.
However, Halep can comfort herself with the fact that she is 3-0 against Gauff, with a straight-sets win on each surface. Halep beat Gauff en route to her 2019 Wimbledon title (which was Gauff’s career breakthrough event), and she has picked up two more wins this year, on the hard courts of Indian Wells and the clay of Madrid. | https://www.wtatennis.com/news/2738353/three-takeaways-halep-tops-teichmann-sets-gauff-meeting-in-toronto | 2022-08-11T21:21:15Z | wtatennis.com | control | https://www.wtatennis.com/news/2738353/three-takeaways-halep-tops-teichmann-sets-gauff-meeting-in-toronto | 1 | 1 | green-iguana-35 | null |
Disgraced ex-Gov. Andrew Cuomo says any alleged sexual harassment was just part of the job!
The former three-term governor sued state Attorney General Letitia James — one year to the date he announced he was stepping down amid the scandal.
The action seeks money for what Cuomo claims are unpaid legal bills in connection to a federal lawsuit filed by a state trooper who alleges Cuomo sexually harassed her.
The Aug. 10-filed case hinges on whether or not the alleged behavior was part of Cuomo’s official duties as governor.
“A state officer is entitled to a defense in any civil action arising out of any alleged act or omission which occurred or is alleged in the complaint to have occurred while the employee was acting within the scope of his public employment or duties,” reads the lawsuit filed in Manhattan Supreme Court by Cuomo on Wednesday.
The anonymous trooper is identified in a scathing report by James only as “Trooper 1.” The James independent probe documented the claims of nearly a dozen women, many of them staffers, against Cuomo while he was governor.
Cuomo denied the allegations while announcing his resignation one week later amid multiple scandals, including scrutiny of his handling of COVID-19 nursing home deaths and his use of staff to write a book on the pandemic while in office for a $5.1 million book deal.
His legal team is now arguing that taxpayers ought to pay for him to fight a civil case in U.S. District Court in Brooklyn brought by the trooper, who claims Cuomo made suggestive comments and touched her inappropriately while she served on his protective detail.
Her federal suit seeks unspecified monetary damages from state taxpayers.
James has argued the alleged sexual harassment falls outside of the “scope of his public employment” defined by a state law outlining how public officials can be reimbursed for legal expenses.
“Andrew Cuomo is trying to force New Yorkers to pay his legal bills because he believes sexual harassment was within his ‘scope of employment’ as governor. Sexually harassing young women who work for you is not part of anyone’s job description. Taxpayers should not have to pony up for legal bills that could reach millions of dollars so Mr. Cuomo’s lawyer can attack survivors of his abuse,” a James spokeswoman said in a statement.
Campaign finance records filed last month show Cuomo’s campaign war chest has dwindled in recent months to just $10.6 million from $18 million a year ago in part due to ongoing legal bills.
James has approved reimbursing former Secretary to the Governor Melissa DeRosa for legal bills connected to the case brought by the trooper, which her office argues were squarely within the scope of her official day job.
The new suit filed by Cuomo against James – first reported by the Times Union of Albany – rehashes numerous grievances by the former governor against his erstwhile political ally and her report, which he and political allies argue was tinged with political bias.
An Assembly impeachment inquiry also concluded Cuomo sexually harassed multiple women.
“Governor Cuomo did not sexually harass anyone,” Cuomo attorney Rita Glavin said in a statement.
“The petition Governor Cuomo filed yesterday is about enforcing the law and ensuring fairness and transparency—something the AG has repeatedly denied him,” she added.
While the AG report provided new insights into how the governor engaged with female staff members and other women, it did not result in any criminal charges against the three-term governor.
“The report has been reviewed by five separate district attorneys and every single one has declined to move forward based on it — it was nothing more than a political document and holds no legal weight. Their political games continue,” Cuomo spokesman Richard Azzopardi said in a statement. | https://nypost.com/2022/08/11/ex-ny-gov-cuomo-says-taxpayers-to-pay-for-alleged-sexual-harassment/ | 2022-08-11T21:21:19Z | nypost.com | control | https://nypost.com/2022/08/11/ex-ny-gov-cuomo-says-taxpayers-to-pay-for-alleged-sexual-harassment/ | 1 | 1 | green-iguana-35 | null |
For the second day in a row, Coco Gauff took the scenic route to victory in a third-set tiebreak, defeating No.6 seed Aryna Sabalenka 7-5, 4-6, 7-6(4) to reach the National Bank Open quarterfinals for a second year in a row.
Gauff led by a 3-0 double break in the second set, but had to come from 3-0 down in the third set to seal victory. The run of play mirrored her second-round defeat of Elena Rybakina, in which the 18-year-old missed four match points in the second set but came from a break down to win a third-set tiebreak.
"It definitely gives me a lot of confidence because I know I can tough it out in those tough moments," Gauff said afterward. "These are the type of players that I need to have to beat if I want to win a Grand Slam.
"So these matches are giving me more confidence. And I know how it feels in those moments against these players. They're not going to give you anything and you shouldn't expect that."
At 3 hours and 11 minutes long, the contest was the longest of Gauff's career so far, exceeding the 2 hours and 57 minutes she needed to beat Yulia Putintseva at Rome 2021. It was the second time Gauff and Sabalenka had needed a third-set tiebreak to decide a match; Sabalenka had won the previous time, at Ostrava 2020, but this result took Gauff into a 3-1 head-to-head lead overall.
Roland Garros finalist Gauff also booked her place in her sixth quarterfinal of 2022 so far, and fourth in her last five tournaments. Her overall season record is now 30-14, and the result was the teenager's third Top 10 win of the year. Gauff's quarterfinal test will be against No.15 seed Simona Halep, who came through against Jil Teichmann 6-2, 7-5. Gauff has yet to win a set from Halep in three previous meetings.
The Coco Express 🚆
— wta (@WTA) August 11, 2022
After 3h11m No.10 seed 🇺🇸 @CocoGauff battles past Sabalenka to reach her sixth quarterfinal of the year!
Faces the winner of Halep vs. Teichmann 🔜#NBO22 pic.twitter.com/gHpqixzBIf
Twists and turns: Despite a slew of early break point chances for both, neither player could convert through the first 10 games. But Gauff took her fifth opportunity to lead 6-5, forcing Sabalenka into a volley error after some remarkable defence.
That was the start of a breathtaking purple patch for Gauff, who dazzled with dropshots, volleys and a phenomenal redirected forehand en route to breaking for 3-0 in the second set.
But when Gauff's touch at net deserted her in the next game, momentum began to shift. Sabalenka broke to cut the deficit to 3-1; found her best serves and backhands to save triple break point and prevent Gauff from taking a 5-3 lead; and levelled at 4-4 after a series of hammer-blow forehands.
As Gauff continued to struggle, Sabalenka reeled off seven straight games and held a point to break for 4-0 in the third set. But Gauff saved it with a service winner -- the start of her own comeback. The climax of the third set was riveting as both players went toe-to-toe with each other, and Gauff's ability to batten down the hatches on serve and defence proved key.
With Sabalenka taking more risks, Gauff won the tiebreak's key point with absurd retrieving to move up 5-3, before closing the match out with consecutive service winners.
"Pretty much from 3-0 up in the second to [3-0 down in the third set], I was reverting back to old mentalities," Gauff said. "And I said if I was going to lose, I'm not going to lose like this. So I had to change. And that's what I did."
Up, up and away 🚀
— wta (@WTA) August 11, 2022
A ridiculous backhand winner from 🇺🇸 @CocoGauff on her way to taking the first set over Sabalenka, 7-5! #NBO22 pic.twitter.com/cW01sJtJn2
By the numbers: Both players won 131 points, a reflection on how tight the match was. Each posted a fairly balanced ratio between winners and unforced errors: Sabalenka struck 41 winners to Gauff's 32, but 42 unforced errors to Gauff's 37.
A less positive statistic for both was the number of double faults they endured. In the previous round, Gauff had committed 13, her highest tally since Charleston 2021; here, she exceeded that for a total of 15, including one down set point in the second set.
Several of Sabalenka's 18 double faults were also ill-timed. She served three en route to getting broken at 5-5 in the first set, and another trio at 5-5 in the third set (a game she managed to win anyway). Sabalenka also double faulted to fall behind 3-0 in the second set, and to get broken back for 3-2 in the third.
In four matches on the North American hard courts this year so far, Sabalenka has now committed 67 double faults. | https://www.wtatennis.com/news/2738438/gauff-holds-off-sabalenka-in-toronto-wins-longest-match-of-career | 2022-08-11T21:21:21Z | wtatennis.com | control | https://www.wtatennis.com/news/2738438/gauff-holds-off-sabalenka-in-toronto-wins-longest-match-of-career | 1 | 1 | green-iguana-35 | null |
Since its creation nearly nine years ago, The Information has built itself into a solid subscription business that consistently delivers analysis and scoops about the tech world, primarily to a lucrative audience of high-flying C-suite-ers. Founder and CEO (and Vanity Fair New Establishment alumna) Jessica Lessin wouldn’t cough up just how many subscribers the publication now has, but she did share a personnel move that stands to take its reader-revenue mojo to the next level: The Information has hired News Corp veteran Karl Wells as its first chief commercial officer, a role that reflects, according to Lessin, how “we’re really gonna ramp up on the business side.”
By the looks of his résumé, Wells has been a subscription wizard at News Corp’s Dow Jones unit for the past seven years, most recently as chief subscriptions officer, a role that includes consumer oversight of Barron’s, MarketWatch, and Lessin’s old stomping grounds, The Wall Street Journal. Before that, Wells worked for The Sun, News Corp’s ferocious U.K. tabloid, which flirted with a paywall back in 2013 only to do a 180 about two years later. “He’s coming aboard to really build out the next phase of The Information,” Lessin told me, plugging two other new recruits in a similar vein: Michelle Evers, who recently left her post at Time to oversee The Information’s brand partnerships; and George Diguido, formerly of Insider, as vice president of growth. “I’m thrilled with the growth of our subscription business, and it has been very organic, but we’re just scratching the surface on the growth of that business, the growth of our B2B corporate business, our brand-partnerships business around events, and so on. So what Karl’s gonna do is ramp that up across the board.”
In the absence of cold, hard numbers, Lessin said revenues are up 35% year-over-year and that The Information has more than 360,000 “active readers,” meaning only a certain slice of them are paying readers. (Others get free newsletters and comped articles and such.) The company’s headcount is now north of 50—about two-thirds of those in the newsroom—and Lessin said she thinks they could “easily double” that within the next couple of years. But what to make of the “brain drain” I read about recently, a bunch of Information folks—including heavyweights like Jessica Toonkel and Martin Peers—departing for the likes of Bloomberg, Politico, and the Journal? “I see talent flowing towards us,” Lessin countered. “We just hired rock stars from The New York Times and Bloomberg. I think as we become more influential, we have a reputation as being a great magnet and platform for talent. I feel pretty good about the direction we’re headed in.”
Apart from the new hires, there was something else that Lessin—who moonlights as an angel investor in start-ups including the forthcoming Justin Smith and Ben Smith project, Semafor—wanted to riff about in the wake of this week’s news that Axios has sold itself to Cox Enterprises for $525 million. “We’re building this company over the very long term,” she said. “We don’t have investors. I own the company. We’re not coming up with, ‘We need to hit this number to sell the company in three years.’ Twenty or 30 years from now, I think the Times will be around. The Journal. Bloomberg. We’ll be around. I don’t think any of these V.C.-backed start-ups are gonna be around.” | https://www.vanityfair.com/news/2022/08/the-next-phase-of-the-information-jessica-lessin | 2022-08-11T21:21:35Z | vanityfair.com | control | https://www.vanityfair.com/news/2022/08/the-next-phase-of-the-information-jessica-lessin | 1 | 1 | green-iguana-35 | null |
MONTREAL, Aug. 11, 2022 /PRNewswire/ - IOU FINANCIAL INC. ("IOU Financial" or the "Company") (TSXV: IOU), a leading online lender to small businesses (IOUFinancial.com), announced today the grant of options pursuant to its Stock Option Plan.
The Company granted options entitling its senior officers, directors, and certain managers and consultants to acquire up to an aggregate of 2,650,000 Common Shares of the Corporation ("Shares") at an exercise price of $0.16. These options have a term of five years from the date of grant with one-third (1/3) vesting immediately and one-third (1/3) which will vest on each of the first and second anniversaries of the date of grant.
IOU Financial Inc. is a wholesale lender that provides quick and easy access to growth capital to small businesses through a network of preferred brokers across the US and Canada. Built on its proprietary IOU360 technology platform that connects underwriters, merchants and brokers in real time, IOU Financial has become a trusted alternative to banks by originating over US$1 billion in loans to fund small business growth since 2009. IOU was named one of the 50 Best Places to Work in Fintech for 2022 by American Banker and trades on the TSX Venture Exchange under the symbol IOU (TSXV: IOU), and on the US OTC markets as IOUFF. To learn more about IOU Financial's corporate history, financial products, or to join our broker network please visit www.IOUFinancial.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE IOU Financial Inc. | https://www.witn.com/prnewswire/2022/08/11/iou-financial-reports-grant-stock-options/ | 2022-08-11T21:21:46Z | witn.com | control | https://www.witn.com/prnewswire/2022/08/11/iou-financial-reports-grant-stock-options/ | 1 | 1 | green-iguana-35 | null |
Do you know what a mortage is, really?
More than half of Americans — including some homeowners — don’t know the true definition of the common real estate loan, according to a new survey.
Conducted by OnePoll on behalf of PrimeLending, 2,000 Americans were asked from a list of options what the definition of a mortgage is, as part of a broader knowledge test of the housing market.
Only 49% of people chose the correct definition of the word “mortgage” from a list of options — 54% of them being homeowners and 40% of those who rent.
Of homeowners surveyed, 42% actually had a mortgage on their homes, while just under half (48%) used cash to purchase. Meanwhile, only a small fraction inherited their home from a family member (7%).
However, most participants thought they chose the correct definition of “mortgage,” with 80% of those who contributed to the poll thinking they passed the test. In fact, 55% said they thought they were “very informed” on the housing market.
Beyond the definition of mortgage, poll-takers seemed hazy on details about the process of buying a home in general, with 18% of people saying they had no idea how much a down payment on a house should be. On top of that, 41% claimed you do not have to pay the bank back on your mortgage if they go out of business, which isn’t true.
Regardless of being informed or not, 45% of people surveyed said they were looking to purchase a house in the next three to five years.
That’s where having an expert in mortgage lending comes in handy.
“When it comes to getting the best mortgage, choosing an experienced, knowledgeable lender is critical,” Tim Elkins, chief production officer of PrimeLending, said. “Your mortgage lender should be able to run several scenarios and help you evaluate all your options.” | https://nypost.com/2022/08/11/more-than-half-of-americans-dont-know-understand-mortgages/ | 2022-08-11T21:22:07Z | nypost.com | control | https://nypost.com/2022/08/11/more-than-half-of-americans-dont-know-understand-mortgages/ | 1 | 1 | green-iguana-35 | null |
The NBA will retire Bill Russel’s uniform No. 6 throughout the league following the basketball legend’s recent passing.
“Bill Russell’s unparalleled success on the court and pioneering civil rights activism deserve to be honored in a unique and historic way,” NBA Commissioner Adam Silver said in a statement. “Permanently retiring his No. 6 across every NBA team ensures that Bill’s transcendent career will always be recognized.”
“This is a momentous honor reserved for one of the greatest champions to ever play the game,” NBPA Executive Director Tamika Tremaglio added. “Bill’s actions on and off the court throughout the course of his life helped to shape generations of players for the better and for that, we are forever grateful. We are proud to continue the celebration of his life and legacy alongside the league.”
Russell cemented himself as the winningest athlete in the history of American sports during his tenure with the Boston Celtics. Over his 13-year career with Boston from 1956-69, the hall of famer amassed 11 NBA titles and led his team to eight consecutive NBA championships in his final eight seasons. Before dominating the NBA, he had additionally won back-to-back national championships with the University of San Francisco and a gold medal with the U.S. Olympic Men’s Basketball Team.
Russell also garnered a plethora of achievements when he wasn’t playing the sport he loved. The dominant center became the first black head coach in the NBA after being hired by the Celtics in 1966. Several years later, he became the first black player to be inducted into the Naismith Memorial Basketball Hall of Fame in 1975.
Throughout his life, Russell heavily advocated for equality and inclusion alongside other monumental figures, including Rev. Martin Luther King Jr. His activism was later recognized in 2011 when he was awarded the Medal of Freedom – the nation’s highest civilian honor – by then-President Barack Obama.
Along with the retirement of Russell’s number, which he wore for the entirety of his career, all NBA players will don a commemorative patch on their jerseys and each team’s court will display a clover-shaped logo with the No. 6 on the sideline.
The Celtics, Russell’s longtime team both as a player and coach, will additionally recognize their franchise star another way, though they have yet to announce their plans.
Players who actively wear No. 6 – headlined by LeBron James – will be permitted to continue sporting the digit, but teams will no longer be able to issue it out. | https://nypost.com/2022/08/11/nba-to-retire-bill-russells-no-6-league-wide/ | 2022-08-11T21:22:13Z | nypost.com | control | https://nypost.com/2022/08/11/nba-to-retire-bill-russells-no-6-league-wide/ | 1 | 1 | green-iguana-35 | null |
It’s just another day in the naked city.
New Yorkers barely flinched Thursday as a naked man wearing nothing but dress socks strolled through a Manhattan subway station and onto the street, according to new photos.
Jaded straphangers seemed unsurprised at seeing the apparently disturbed man, as he sauntered out of a No. 6 train car and onto the City Hall subway station platform at about 9 a.m.
Some didn’t even look up from their phones while others glanced at the NSFW scene and gave little reaction — either oblivious to what was happening or taking the old-fashioned New York approach by minding their own business.
The man walked out of the station and marched right up with his birthday suit toward 1 Police Plaza, where a uniformed officer was seen calling for help — and casting his eyes away.
The unidentified man was taken to Bellevue Hospital for examination, a police spokesperson said. No further details were available.
It’s not the first time someone stripped down to nothing but footwear in the city’s transit system. Back in 2014, viral photographs showed a snoozing man on the E train – wearing only beat-up sneakers and sweat socks.
Witnesses at the time said the man dozed off between swigs of Jack Daniels and seemed not to care as straphangers snapped pictures of the bizarre scene. | https://nypost.com/2022/08/11/new-yorkers-barely-flinch-as-a-naked-man-strolls-through-subway/ | 2022-08-11T21:22:19Z | nypost.com | control | https://nypost.com/2022/08/11/new-yorkers-barely-flinch-as-a-naked-man-strolls-through-subway/ | 1 | 1 | green-iguana-35 | null |
Ravens safety Tony Jefferson can finally see clearly, now that… he has glasses.
On Wednesday, Jefferson took to Twitter to reveal the “dumbest thing” he might’ve ever done to hinder his play on the field.
“I can’t even lie — I stopped wearing my glasses years ago and that might’ve been the dumbest thing I’ve done. I can see so much clearer and further with my glasses. It’s wild,” tweeted Jefferson.
“Just been going out there regular smh. Just got my contacts too,” the 30-year-old wrote in a separate tweet.
Rich Ohrnberger — a former offensive guard, who played for the Patriots, Cardinals and Chargers — quote-tweeted Jefferson, and recalled his experience with “blurry” vision throughout his NFL career.
“Not joking, I played 7 season through college and in the league blurry as hell… in 2012 I got glasses and contacts,” Ohrnberger tweeted, referring to the year he signed with Arizona.
“Mind Blown. I could read safeties numbers for the first time instead of guessing. Total game changer. …those next couple of years were so much easier!!!”
Since entering the league in 2013, Jefferson has recorded 469 combined tackles, 34 tackles for loss, 23 passes defended, 9.5 sacks, eight forced fumbles and four interceptions.
After four years with the Cardinals, where he began his pro career, Jefferson signed a four-year, $34 million contract with the Ravens ahead of the 2017 season. He suffered a season-ending torn ACL in 2019, and was released on February 14, 2020.
Jefferson underwent another knee procedure in February 2021, and signed a one-year contract in June with the 49ers, only to be placed on injured reserve in August, and later released.
In February, Jefferson re-signed with the Ravens, and he is relishing in the opportunity to be back on the football field.
“It’s a good time to be a Raven,” he said earlier this month. “I’m just feeling way fresher and way more relaxed when I’m out there. I guess I’m just more appreciative that I’m able to be out here and play football. I’m not going to let any negative thoughts affect the way I play the game. I know where I could have been and I know where I came from. I’m just enjoying it.”
Jefferson’s improved vision could be the catalyst for his best on-field action yet. | https://nypost.com/2022/08/11/ravens-tony-jefferson-admits-he-needed-glasses-during-nfl-career/ | 2022-08-11T21:22:31Z | nypost.com | control | https://nypost.com/2022/08/11/ravens-tony-jefferson-admits-he-needed-glasses-during-nfl-career/ | 1 | 1 | green-iguana-35 | null |
PolarityTE to host conference call and webcast today, August 11, 2022, at 4:30 p.m. ET
SALT LAKE CITY, Aug. 11, 2022 /PRNewswire/ -- PolarityTE, Inc. (Nasdaq: PTE) a biotechnology company developing regenerative tissue products and biomaterials, today provided a business update and reported financial results for the quarterly period ended June 30, 2022.
- In January 2022, PolarityTE was advised by the U.S. Food and Drug Administration (FDA) that it could conduct human clinical trials under PolarityTE's investigational new drug application (IND) for SkinTE. In May 2022, the FDA granted PolarityTE's request for SkinTE to be designated as a Regenerative Medicine Advanced Therapy (RMAT). As a result of the RMAT designation the Company was able to engage in an expedited dialogue with the FDA on the tasks that are likely to be necessary to support a Biologics License Application (BLA) for SkinTE. Based on that dialogue the Company plans to run a second multi-center, randomized controlled trial under its current IND to support approval of a broad diabetic foot ulcers (DFUs) indication for SkinTE in a BLA, and the Company plans to follow-up with the FDA regarding the design and implementation of the second clinical trial. The Company believes this strategy will be the fastest and least costly approach to achieving its first BLA submission for SkinTE, with DFUs representing the largest market opportunity within the category of chronic cutaneous ulcers. The Company plans to further engage with the FDA to fully define its development plan for other wound indications.
- In May 2022, PolarityTE began enrollment in its Phase III randomized controlled trial (RCT), which is a pivotal study under its open IND. The RCT will enroll up to 100 subjects at up to 20 clinical sites in the United States. Subjects will be randomized to one of two treatment groups, receiving either SkinTE plus the standard of care (SOC) or the SOC alone. The primary endpoint is the incidence of DFUs closed at 24 weeks. Secondary endpoints include percent area reduction (PAR) at 4, 8, 12, 16 and 24 weeks; improved quality of life, including social isolation, depression, odor, improved function, ambulation, and return to activities based on changes in wound quality of life; and new onset infection of the DFU requiring treatment with topical and/or systemic antibiotics. The Company estimates that it may be able to complete enrollment of 100 subjects by the end of calendar year 2023.
- At the end of April 2022, the Company sold its preclinical research services business operated under its subsidiary, IBEX Preclinical Research, Inc. ("IBEX"), and related real estate assets, and the Company received a promissory note in the principal amount of $0.4 million for the IBEX business and net cash proceeds of $2.3 million from the sale of the real property associated with that business.
- The Company had cash and cash equivalents of $20.5 million and working capital of $19.4 million at June 30, 2022.
Richard Hague, Chief Executive Officer, commented, "The RMAT designation we achieved has already benefited us by expediting direct communication with the FDA, which has provided important guidance on the milestones we need to achieve to efficiently advance our development program for SkinTE in the DFU indication, and what additional work we may need to do to for SkinTE to be approved for other indications. This will allow us to prioritize our efforts to advance SkinTE and effectively manage our capital and resources accordingly."
There have been significant changes in the Company's operations affecting its results of operations for the six-month period ended June 30, 2022, compared to six-month period ended June 30, 2021.
On July 23, 2021, the Company submitted an IND for SkinTE to the FDA as the first step in the regulatory process for obtaining licensure for SkinTE under Section 351 of the Public Health Service Act. The FDA subsequently issued clinical hold correspondence identifying certain issues that needed to be addressed before the IND could be approved. The Company provided responses to the FDA, and on January 14, 2022, the FDA sent correspondence informing the Company that the clinical hold had been removed. Acceptance of the IND by the FDA enables the Company to commence the first of two expected pivotal studies needed to support a BLA for SkinTE. The Company ceased selling SkinTE at the end of May 2021, when the period of enforcement discretion previously announced by the FDA with respect to its IND and premarket approval requirements for regenerative medicine therapies, such as SkinTE, came to an end, and the Company does not expect to be able to commercialize SkinTE until a BLA is approved, which the Company believes will take at least three to four years. Consequently, the Company recognized products net revenues in the six months of 2021, and did not have any such revenues in the first six months of 2022.
The Company's subsidiary, Arches Research, Inc. ("Arches") began offering COVID-19 testing services in May 2020 under 30-day renewable testing agreements with multiple nursing home and pharmacy facilities in the state of New York controlled by a single company, which substantially added to the Company's services net revenues in the first three months of 2021. When the New York nursing homes and pharmacies adopted on-site employee testing at the end of March 2021, the Company's COVID-19 testing revenues declined substantially, and in August 2021, the Company decided to cease COVID-19 testing. Arches focused its research and development resources on supporting our IND and clinical trial efforts for the remainder of 2021 and continued in that role in the first quarter of 2022. However, going forward the Company does not expect it will have the same need for research and development staff associated with product development and, as a result, the Company reduced research and development staff in April 2022, and began to eliminate or sell certain items of equipment that had been leased or purchased for its research and development activity.
While the Company was exploring the opportunities for selling IBEX and the real property used in the IBEX business, IBEX assumed a more passive approach to marketing its services, which resulted in a decline in IBEX services revenues in the first six months of 2022 compared to the first six months of 2021. With the sale of IBEX and related real property completed at the end of April 2022, the Company's services net revenues were nominal in the first six months of 2022 and the Company does not expect any services net revenues in the last six months of 2022.
As a result of the foregoing developments, the Company made a number of changes to its operations that impacted its results of operations. These included reductions in work force and reducing the services and infrastructure needed to support a larger work force and commercial sales effort.
Comparison of the six months and three months ended June 30, 2022, to the six months and three months ended June 30, 2021
Net Revenues and Gross Profit. The Company ceased commercial sales of SkinTE in the second calendar quarter of 2021 and sold the IBEX services business at the end of April 2022, so the Company was not engaged in any revenue generating business activity at June 30, 2022, and does not expect to generate operating revenues from any business activity for the foreseeable future. The decreases in revenues, cost of revenues, and gross (loss) profit for the six-month and three-month periods ended June 30, 2022, compared to the same periods in 2021 are consistent with the Company's cessation of revenue-generating business activity.
Operating Costs and Expenses. Operating costs and expenses decreased $5.2 million, or 25%, for the six-month period ended June 30, 2022, compared to the six-month period ended June 30, 2021, and decreased $3.6 million, or 35%, for the three-month period ended June 30, 2022, compared to the three-month period ended June 30, 2021.
Research and development expenses decreased 10% for the six-month period ended June 30, 2022, compared to the six-month period ended June 30, 2021, and decreased 27%, for the three-month period ended June 30, 2022, compared to the three-month period ended June 30, 2021. The decrease is primarily attributable to costs in the six-month period ended June 30, 2021, for completing the Company's pre-IND diabetic foot ulcers trial, lab supplies for work on preparing the technical items for the Company's IND, and consulting services for preparing the IND that did not recur in the six-month period ended June 30, 2022, which was partially offset by an increase primarily attributable to the SkinTE manufacturing and overhead personnel redirecting their efforts following the cessation of SkinTE sales to research and development activities and increased costs related to quality control supplies and infrastructure implemented for the Company's DFU clinical trial.
The amount of general and administrative expenses decreased 14% for the six-month period ended June 30, 2022, compared to the six-month period ended June 30, 2021, and decreased 28%, for the three-month period ended June 30, 2022, compared to the three-month period ended June 30, 2021. The Company effectuated a reduction in force for its commercial operations in the second quarter of 2021. Consequently, there were reductions in cash compensation, stock compensation, consulting fees, and travel expense. Furthermore, with the cessation of SkinTE sales the Company re-allocated manufacturing supplies and compensation from general and administrative expenses to research and development costs. These reductions were offset by professional fees incurred in connection with the Company's pursuit of a strategic transaction that did not materialize and investment banking fees paid in connection with an at-the-market offering the Company terminated in the first quarter of 2022.
In the first six months of 2021, the Company incurred sales and marketing costs related to its commercial sales effort that did not recur in the first six months of 2022. In connection with terminating commercial sales of SkinTE, the Company realized as a restructuring charge a loss on impairment of property and equipment in the amount of $0.4 million and a charge of $0.3 million for employee severance and revaluing of equity awards related to severance, which was offset by a gain of $0.3 from early termination of an office/ laboratory lease in Augusta, Georgia. In the first six months of 2022 the Company realized a nominal amount of restructuring charges on employee severance.
Operating Loss and Net Loss. Operating loss decreased $1.2 million, or 7%, for the six-month period ended June 30, 2022, compared to the six-month period ended June 30, 2021, and decreased $1.9 million, or 22%, for the three-month period ended June 30, 2022, compared to the three-month period ended June 30, 2021.
Net loss decreased $16.8 million, or 81%, for the six-month period ended June 30, 2022, compared to the six-month period ended June 30, 2021, and decreased $3.1 million, or 98%, for the three-month period ended June 30, 2022, compared to the three-month period ended June 30, 2021. Warrants issued in connection with financings we completed in 2022, 2021 and 2020 are classified as liabilities and remeasured each period until settled, classified as equity, or expiration. As a result of the periodic remeasurement, the Company recorded a gain for change in fair value of common stock warrant liability of $11.7 million for the six-month period ended June 30, 2022, compared to a loss of $2.2 million for the six-month period ended June 30, 2021, and a gain for change in fair value of common stock warrant liability of $6.6 million for the three-month period ended June 30, 2022, compared to a gain of $1.8 million for the three-month period ended June 30, 2021. The Company issued common stock purchase warrants in January 2021, as an inducement to holders of warrants issued in December 2020 to exercise those December warrants. As a result, the Company recognized an inducement loss of $5.2 million for the six-month period ended June 30, 2021. There was no similar inducement loss in the first six months of 2022.
The table below provides a reconciliation of adjusted net loss, which is a non-GAAP measure that shows net loss before fair value adjustments relating to the Company's common stock warrant liability and warrant inducement loss, to GAAP net loss. The Company believes adjusted net loss is useful to investors because it eliminates the effect of non-operating items that can significantly fluctuate from period to period due to fair value remeasurements. For purposes of calculating non-GAAP per share metrics, the same denominator is used as that which was used in calculating net loss per share under GAAP. Other companies may calculate adjusted net loss differently than the Company does. Adjusted net loss has limitations as an analytical tool and you should not consider adjusted net loss in isolation or as a substitute for the Company's financial results prepared in accordance with GAAP.
The conference call can be accessed by calling 1-800-207-0148 with passcode 893469 and referencing "PolarityTE Second Quarter 2022 Business Update and Financial Results." A webcast of the conference call can be accessed by using the link below.
A replay of the earnings conference call will be available for 30 days, beginning approximately one hour after the conclusion of the call and can be found by visiting PolarityTE's website at https://www.polarityte.com/news-media/events, or by clicking on the link above.
PolarityTE, Inc., headquartered in Salt Lake City, Utah, is a biotechnology company developing regenerative tissue products. PolarityTE's first regenerative tissue product is SkinTE®. PolarityTE has an open investigational new drug application (IND) for SkinTE® with the U.S. Food and Drug Administration (FDA) and is now pursuing the first of two pivotal studies on SkinTE® needed to support a biologics license application (BLA). SkinTE® is available for investigational use only. Learn more at www.PolarityTE.com.
Certain statements contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. They are generally identified by words such as "believes," "may," "expects," "anticipates," "intend," "plan," "will," "would," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to the impact of the COVID-19 pandemic, future clinical studies, and FDA regulatory matters, which cannot be predicted, and the risk factors and other items described in more detail in the "Risk Factors" section of the Company's Annual Reports and other filings with the SEC (copies of which may be obtained at www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.
POLARITYTE, the POLARITYTE logo, SKINTE, WHERE SELF REGENERATES SELF and WELCOME TO THE SHIFT are registered trademarks of PolarityTE, Inc.
CONTACTS
Investors:
PolarityTE Investor Relations
ir@PolarityTE.com
385-831-5284
Media:
David Schull or Ignacio Guerrero-Ros
David.schull@russopartnersllc.com
Ignacio.guerrero-ros@russopartnersllc.com
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SOURCE PolarityTE, Inc. | https://www.witn.com/prnewswire/2022/08/11/polarityte-reports-second-quarter-2022-financial-results-provides-business-update/ | 2022-08-11T21:24:03Z | witn.com | control | https://www.witn.com/prnewswire/2022/08/11/polarityte-reports-second-quarter-2022-financial-results-provides-business-update/ | 1 | 1 | green-iguana-35 | null |
A 93-year-old Leesburg man died Monday from injuries he suffered in an Aug. 4 crash in Ashburn.
The single-vehicle accident happened about 12:30 p.m. at Landsdowne Woods and Slatestone Court when the driver ran off the road, striking an embankment and a fallen tree, the Loudoun County Sheriff's Office said.
The driver and a passenger were both taken to area hospitals. The sheriff's office was notified Monday that the driver, 93-year-old Siegfried H. Lehnigk, had died from his injuries. | https://www.insidenova.com/news/crime_police/leesburg-man-93-dies-after-ashburn-crash/article_6211db8c-19b7-11ed-bebc-7fcacbcf0fe5.html | 2022-08-11T21:24:10Z | insidenova.com | control | https://www.insidenova.com/news/crime_police/leesburg-man-93-dies-after-ashburn-crash/article_6211db8c-19b7-11ed-bebc-7fcacbcf0fe5.html | 1 | 1 | green-iguana-35 | null |
CORAL GABLES, Fla., Aug. 11, 2022 /PRNewswire/ -- Relmada Therapeutics, Inc. (Nasdaq: RLMD) ("Relmada," the "Company," "we," "us, "our"), a late-stage biotechnology company addressing diseases of the central nervous system (CNS), today provided a corporate update and announced preliminary and unaudited financial results for the three and six months ended June 30, 2022. The Company will host a conference call today, Thursday, August 11, at 4:30 PM Eastern Time/1:30 PM Pacific Time.
Recent Corporate Highlights
- FDA granted Fast Track designation to REL-1017 as a monotherapy for the treatment of major depressive disorder (MDD)
- Appointed John Hixon, a biopharmaceutical marketing and commercial planning veteran, to serve as the newly created position of Head of Commercial
- Published REL-1017 preclinical data on the lack of reinforcement behavior, physical dependence, and withdrawal signs in the peer-reviewed journal, Scientific Reports, and preclinical data suggesting that uncompetitive NMDAR blockers with a preference for the GluN1-2D subtype may be of particular therapeutic relevance in the peer-reviewed journal, Pharmaceuticals
"We are rapidly approaching multiple key catalysts from Reliance, the ongoing Phase 3 clinical development program for REL-1017 as a paradigm shifting novel treatment for individuals living with MDD," said Sergio Traversa, Relmada's Chief Executive Officer. "We anticipate completing the enrollment of Reliance III, the monotherapy trial, shortly, followed soon thereafter by a top-line readout of the study. We also continue to expect top-line results from Reliance I and Reliance II, the two ongoing sister, two-arm, placebo-controlled, pivotal studies evaluating REL-1017 as a potential adjunctive treatment, in this second half of the year.
"In addition to receiving Fast Track designation for REL-1017 as a monotherapy for the treatment of MDD, we achieved important progress with our commercial preparation activities for REL-1017," continued Sergio Traversa. "To this end, we recently appointed John Hixon, who has over 36 years of sales and marketing experience within the biopharmaceutical industry, including direct marketing expertise in the CNS and depression space, as Head of Commercial."
Upcoming Anticipated Milestones for REL-1017
- Results of RELIANCE III monotherapy MDD trials in the second half of 2022 with last patient enrolled before the end of August, 2022
- Results of RELIANCE I and RELIANCE II adjunctive MDD trials in the second half of 2022
- Results of RELIANCE – OLS (Long-term, Open-label) study in MDD in the first half of 2023
Second Quarter 2022 Financial Results
- Research and development expense for the three months ended June 30, 2022, totaled $24.6 million, compared to $17.3 million for the three months ended June 30, 2021. The increase was primarily driven by increased costs associated with preparing and conducting Reliance, the Company's Phase 3 program for REL-1017.
- General and administrative expense for the three months ended June 30, 2022, totaled $14.6 million compared to $9.1 million for the three months ended June 30, 2021, an increase of approximately $5.5 million. The increase was primarily driven by an increase in stock-based compensation.
- The net loss for the three months ended June 30, 2022, was $39.9 million, or $1.33 per diluted share, compared with a net loss of $26.6 million, or $1.56 per diluted share, for the three months ended June 30, 2021.
Six Months Ended June 30, 2022 Financial Results
- Research and development expense for the six months ended June 30, 2022, totaled $49.6 million, compared to $31.4 million for the six months ended June 30, 2021. The increase was primarily driven by increased costs associated with preparing and conducting Reliance, the Company's Phase 3 program for REL-1017.
- General and administrative expense for the six months ended June 30, 2022, totaled $27.9 million, compared to $17.5 million for the six months ended June 30, 2021. The increase was primarily driven by an increase in stock-based compensation.
- Net loss for the six months ended June 30, 2022 and 2021 was $79.7 million and $48.8 million, respectively. The Company had a net loss of $2.73 and $2.90 per share for the six months ended June 30, 2022 and 2021, respectively.
- As of June 30, 2022, the Company had cash, cash equivalents, and short-term investments of approximately $212.0 million, compared to cash, cash equivalents, and short-term investments of approximately $211.9 million at December 31, 2021.
Conference Call and Webcast Details
About REL-1017
REL-1017, a new chemical entity (NCE) and novel NMDA receptor (NMDAR) channel blocker that preferentially targets hyperactive channels while maintaining physiological glutamatergic neurotransmission, is currently in late-stage development for the treatment of major depressive disorder (MDD). The ongoing Reliance Clinical Research Program is designed to evaluate the potential for REL-1017 as a rapid-acting, oral, once-daily antidepressant treatment. In a Phase 2 trial, REL-1017 demonstrated rapid, robust, and sustained antidepressant effects with statistically significant improvements compared to placebo. The Phase 2 study also showed a favorable pharmacokinetic, safety, and tolerability profile of REL-1017 consistent with results observed in previously completed Phase 1 studies.
About Relmada Therapeutics, Inc.
Relmada Therapeutics is a late-stage biotechnology company addressing diseases of the central nervous system (CNS), with focus on major depressive disorder (MDD). Relmada's experienced and dedicated team is committed to making a difference in the lives of patients and their families. Relmada's lead program, REL-1017, is a new chemical entity (NCE) and novel NMDA receptor (NMDAR) channel blocker that preferentially targets hyperactive channels while maintaining physiological glutamatergic neurotransmission. REL-1017 has entered late-stage development as a novel treatment for MDD in adults. In addition, Relmada is advancing a clinical-stage program in neurodegenerative diseases based on psilocybin and select derivative molecules. Learn more at www.relmada.com.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by us or on our behalf. This press release contains statements which constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including but not limited to statements regarding Relmada's plans to develop REL-1017, and expectations related to trials evaluating REL-1017 and potential regulatory approval of REL-1017. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described under the heading "Risk Factors" set forth in the Company's reports filed with the SEC from time to time. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Relmada undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results and that the risks described herein should not be a complete list.
Investor Contact:
Tim McCarthy
LifeSci Advisors
212-915-2564
tim@lifesciadvisors.com
Media Inquiries:
FischTank PR
relmada@fischtankpr.com
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Sales up 73% year-over-year and up 42% sequentially
PHOENIX, Aug. 11, 2022 /PRNewswire/ -- SenesTech, Inc. (NASDAQ: SNES, "SenesTech" or the "Company"), (www.senestech.com) the rodent fertility control experts and inventors of the only EPA registered contraceptive for male and female rats, ContraPest®, today announced record second quarter 2022 product sales, with sales increasing 73% compared to the second quarter in the prior year, and up 42% sequentially from the first quarter of 2022. The second quarter represented a new quarterly record for SenesTech, with June being the highest revenue month ever.
Sales growth during the quarter was led by increases in the Company's e-commerce solutions, continued traction within zoos and animal sanctuaries, deployment of ContraPest at two campuses of a major Silicon Valley technology company, deployment into a county homeless encampment, and continued expansion in poultry facilities. The poultry expansion is being driven by the launch of the novel and patent pending Elevate Bait System™ with ContraPest ("Elevate") as both new and existing customers add the system to their pest management programs.
Elevate, the first product of its kind specifically designed to address rat problems in above-ground locations, commenced shipments on June 15th following a slight delay due to supply chain disruptions. In just the final nine business days of the quarter, Elevate shipments totaled 1,500 units, with customers primarily coming from the agribusiness segment. The Company believes Elevate will help key agricultural customers better meet their needs of addressing roof rats, which species characteristically reside above ground, especially in the rafters of barns, granaries and storage and manufacturing facilities. The Elevate system, with its suspended bait station, is revolutionary within the pest control industry, which typically utilizes traditional bait boxes to deliver pesticides and other products. The system is designed to permit easy drop in and replacement of new 8-ounce bottles of ContraPest, reducing servicing time and cost.
The Company's e-commerce platform continues to be a key driver of growth for SenesTech, representing 55% sequential revenue growth and contributing nearly 50% of overall sales during the second quarter. The e-commerce growth is being driven by its marketing initiatives, including the award-winning "Operation Rat Race" campaign, resulting in consistent increases in traffic, as well as increased website functionality. In particular, the state of California, which recently implemented the Ecosystems Protection Act of 2021, banning the use of commonly used second-generation anticoagulant poisons under many circumstances, saw e-commerce sales more than double sequentially from the first quarter of 2022.
The zoos and sanctuaries segment continues to be a key early adopting segment for ContraPest, where the Company has grown the vertical over 300% in the past 12 months, with nearly 70 current customers. ContraPest has been shown in multiple, independent deployments to be effective when used alone or in conjunction with other integrated pest management (IPM) tools, with efficacy improvements of up to more than 90% over the use of traditional IPM methods. This makes ContraPest a logical choice for deployments in zoos and sanctuaries where traditional methods are falling short and where there is a heightened risk of non-target species exposure. A recent and significant win in one of the 5 largest zoos in the country was the successful breeding, egg recovery, and hatching of endangered birds in the aviary. This had been impossible for the past few years due to a rat infestation and subsequent predation of eggs before they could be collected. The zoo staff credits the addition of ContraPest to their IPM as what allowed them to finally get the rat population under control. This success is important not only to the birds in the aviary, but as a demonstrated tool that can contribute to the conservation of threatened species. Additionally, the Company has developed customized programs for zoos and sanctuaries with targeted advertising and sales efforts and expects the addition of Elevate to accelerate growth into this market going forward.
"The second quarter represents another quarter of record quarterly sales and strong sequential growth of 42% from the most recent quarter," said Ken Siegel, SenesTech's Chief Executive Officer. "With Elevate now available nationwide, coupled with strong e-commerce return on ad spend metrics, and increasing adoptions across a wide variety of industry segments, I believe we are well positioned to continue to grow adoption in the quarters to come."
Second Quarter 2022 Highlights
- Revenue during Q2 2022 was approximately $277,000 compared to approximately $160,000 in Q2 2021, an increase of 73%; and compared to approximately $195,000 in Q1 2022, a sequential increase of 42%.
- Gross profit during Q2 2022 was approximately $136,000 or 49% of total revenue, compared to approximately $41,000, or 26% of total revenue, in Q2 2021.
- Net loss during Q2 2022 was $(2.6) million, compared with a net loss of $(1.7) million for Q2 2021.
- Adjusted EBITDA loss, which is a non-GAAP measure of operating performance, for Q2 2022 was $(2.3) million compared to $(2.1) million in Q2 2021.
- Cash at the end of June 2022 was approximately $5.0 million.
Use of Non-GAAP Measure
Adjusted EBITDA is a non-GAAP measure. However, this measure is not intended to be a substitute for those financial measures reported in accordance with GAAP. Adjusted EBITDA has been included because management believes that, when considered together with the GAAP figures, it provides meaningful information related to our operating performance and liquidity and can enhance an overall understanding of financial results and trends. Adjusted EBITDA may be calculated by us differently than other companies that disclose measures with the same or similar term. See our attached financials for a reconciliation of this non-GAAP measure to the nearest GAAP measure.
Conference Call Details
Date and Time: Thursday, August 11, 2022, at 5:00 pm ET
Call-in Information: Interested parties can access the conference call by dialing (844) 308-3351 or (412) 317-5407.
Live Webcast Information: Interested parties can access the conference call via a live Internet webcast, which is available in the Investor Relations section of the Company's website at http://senestech.investorroom.com/.
Replay: A teleconference replay of the call will be available for seven days at (877) 344-7529 or (412) 317-0088, replay access code 4931404. A webcast replay will be available in the Investor Relations section of the Company's website at http://senestech.investorroom.com/ for 90 days or https://app.webinar.net/5V6e8Kw8A01.
About SenesTech
We are "The Pest Control Difference" for the 21st century. We are rodent fertility control specialists fueled by our passion to create a healthy environment by virtually eliminating rodent pest populations. We keep an inescapable truth in mind. Two rats and their descendants can be responsible for the birth of up to 15,000 pups after a year. We invented ContraPest ® , the only U.S. EPA registered contraceptive for male and female rats. ContraPest ® fits seamlessly into all integrated pest management programs, greatly improving the overall goal of effective rat management. We strive for clean cities, efficient businesses and happy households – with a product that was designed to be effective and sustainable without killing rats. At SenesTech, we don't just eliminate rats. We make a better world.
For more information visit https://senestech.com/ and https://contrapeststore.com.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements include, among others, our belief that Elevate will help key agricultural customers better meet their needs of addressing roof rats that reside above ground, especially in the rafters of barns, granaries and storage and manufacturing facilities; our belief that the Elevate system is revolutionary within the pest control industry; our belief that the efficacy of ContraPest makes it a logical choice for deployments in zoos and sanctuaries where traditional methods are falling short and where there is a heightened risk of non-target species exposure; our expectation that the addition of Elevate will accelerate growth into the zoos and sanctuaries vertical going forward; our belief that interest is strong in Elevate and should provide us with the platform to penetrate into a number of key markets, particularly agriculture, that are looking for a solution that allows for the Targeting of roof rates where they live, eat and breed, which most times is in the rafters of their various buildings and structures; approval to sell Elevate by the state of California should bode well for further adoption in the second half of the year; our belief that it is evident that we are making traction in positioning ContraPest as a key component of an integrated pest management program; and our belief that we are well positioned to continue to grow adoption in the quarters to come. Forward-looking statements may describe future expectations, plans, results or strategies and are often, but not always, made through the use of words such as "believe," "may," "future," "plan," "will," "should," "expect," "anticipate," "eventually," "project," "estimate," "continuing," "intend" and similar words or phrases. You are cautioned that such statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, the impacts and implications of the COVID-19 pandemic, the successful commercialization of our products, market acceptance of our products, regulatory approval and regulation of our products and other factors and risks identified from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2021. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. Except as required by law, we do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.
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SOURCE SenesTech, Inc. | https://www.witn.com/prnewswire/2022/08/11/senestech-announces-record-second-quarter-2022-product-sales/ | 2022-08-11T21:25:16Z | witn.com | control | https://www.witn.com/prnewswire/2022/08/11/senestech-announces-record-second-quarter-2022-product-sales/ | 1 | 1 | green-iguana-35 | null |
DALLAS, Aug. 11, 2022 /PRNewswire/ -- Susan G. Komen®, the world's leading breast cancer organization, shares a few simple tips to become a healthier you. Statistics show that one in eight women in the U.S. will develop breast cancer in her lifetime, making breast cancer one of the leading diseases affecting women in the country. Bone health also becomes increasingly important for women as they age, as many women suffer from bone loss after menopause. Small lifestyle changes and incorporating healthy habits into your routine could improve both your bone and breast health and may help lower your risk of health issues in the future.
"There are some common risk factors for breast cancer and poor bone health: The exercise that we do and the foods we eat impact both of those things," says Susan G. Komen Scholar Dr. Jennifer Ligibel. Get moving! Living an active lifestyle may reduce your risk of illness and keep you feeling great. Here are a few ways you can make a difference in your life, starting today:
- Women who incorporate regular physical activity into their routine have a 10 – 20 percent lower risk of breast cancer than women who don't. Evidence also shows that exercise, especially weight bearing exercise is also incredibly important for maintaining bone health. So, whether you enjoy an intense aerobics class, or a swift power walk, you may lower your risk by staying active.
- Maintain a healthy weight: Women who gain weight in adulthood have an increased risk of breast cancer. Studies show that women who gain 20 pounds after the age of 18 have a 15 percent higher risk of breast cancer than women who gained little to no weight, and the chances increase with additional weight gain. Maintaining a healthy weight and increasing muscle on the body with exercises such as dancing, walking, or stair climbing may also increase bone health.
- Limit your alcohol intake: Limiting alcohol consumption can also decrease your risk of breast cancer and other health issues. One study found that women who consumed 2 – 3 alcoholic beverages per day had a 20 percent higher risk of breast cancer than women who do not consume alcohol. Consider limiting your alcohol intake to less than 1 drink per day for women and 2 drinks per day for men.
- Increase your fruit and vegetable consumption: Studies show women who eat the most vegetables have a lower risk of estrogen receptor-negative breast cancer compared to women wo eat the least vegetables. Consuming foods that have high levels of Vitamin D and calcium may also lower your risk of osteoporosis. Incorporating foods such as spinach, kale, and white beans can help you maintain healthy bones.
- Build your bone density early: Between the ages of 25 and 30, most people reach their peak bone mass. To avoid a severe decline of bone mass over time, it is recommended that you practice proper nutrition and get regular exercise during these crucial years. Taking preventative measures early in life can help cultivate healthy bones and prevent health issues down the line.
- Don't smoke: Women who smoke for many years may have a slightly increased risk of breast cancer. Tobacco smoke has nearly 250 harmful chemicals, at least 69 of which have been shown to cause cancer. Whether you have smoked for 10 months or 10 years, there are health benefits to quitting at any time.
- Be aware of menopausal hormone therapy (MHT): Experts recommend limiting hormone use to lower the risk of breast cancer. Women who take estrogen plus progestin to relieve symptoms related to menopause increase their risk of breast cancer. Consult your doctor before starting MHT and discuss the benefits and risks prior to the treatment.
- And finally, when you see your provider for annual exams, ask about your bone health. There are things you can do to promote both breast and bone health and being mindful of both can help detect changes in your body, early.
For more information on how you can increase your breast and bone health, visit https://www.komen.org/breast-and-bone-health/. Sponsored by Amgen.
Susan G. Komen® is the world's leading nonprofit breast cancer organization, working to save lives and end breast cancer forever. Komen has an unmatched, comprehensive 360-degree approach to fighting this disease across all fronts and supporting millions of people in the U.S. and in countries worldwide. We advocate for patients, drive research breakthroughs, improve access to high-quality care, offer direct patient support and empower people with trustworthy information. Founded by Nancy G. Brinker, who promised her sister, Susan G. Komen, that she would end the disease that claimed Suzy's life, Komen remains committed to supporting those affected by breast cancer today, while tirelessly searching for tomorrow's cures. Visit komen.org or call 1-877 GO KOMEN. Connect with us on social at www.komen.org/contact-us/follow-us/.
CONTACT: Camille Smith
Susan G. Komen
972-855-1688
csmith@komen.org
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SOURCE Susan G. Komen for the Cure | https://www.witn.com/prnewswire/2022/08/11/susan-g-komen-shares-tips-live-healthier-lifestyle/ | 2022-08-11T21:25:51Z | witn.com | control | https://www.witn.com/prnewswire/2022/08/11/susan-g-komen-shares-tips-live-healthier-lifestyle/ | 1 | 1 | green-iguana-35 | null |
WASHINGTON (AP) — Average long-term U.S. mortgage rates soared this week in a continued volatile market as the key 30-year loan rate jumped back over 5%.
Mortgage buyer Freddie Mac reports that the 30-year rate rose to 5.22% from 4.99% last week. By contrast, the rate stood at 2.87% a year ago.
The average rate on 15-year, fixed-rate mortgages, popular among those looking to refinance their homes, increased to 4.59% from 4.26%.
Last week the 30-year rate fell below 5% for the first time in four months, days after the Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point in its most aggressive drive in over three decades to tame record-high inflation. It was the central bank’s second such increase in less than two months.
Experts see some stability returning to the housing market as the drop in homebuyer demand moderates although supply remains fairly tight.
“Although rates continue to fluctuate, recent data suggest that the housing market is stabilizing as it transitions from the surge of activity during the pandemic to a more balanced market,” Freddie Mac chief economist Sam Khater said. “The consequence is that house prices likely will continue to rise, but at a slower pace, for the rest of the summer.”
Consumer prices jumped 8.5% in July compared with a year earlier, down from a 9.1% year-over-year increase in June, the government reported Wednesday. Falling prices for gas, airline tickets and clothes gave consumers a bit of relief last month, though overall inflation is still running at close to its highest level in four decades.
Rapidly hiking interest rates risks pushing the U.S. economy into a recession, but it is the Fed’s most powerful tool to get price increases back to its 2% annual inflation target.
Higher borrowing rates have discouraged house hunters and cooled a housing market that’s been hot for years. The National Association of Realtors reported last month that sales of previously occupied U.S. homes slowed for the fifth consecutive month in June.
Home prices have kept climbing — albeit at a slower pace than earlier this year —- even as sales slowed. The national median home price jumped 13.4% in June from a year earlier to $416,000. That’s an all-time high according to data going back to 1999, NAR said. | https://www.wpri.com/news/us-and-world/us-key-30-year-mortgage-rate-jumps-back-over-5-now-5-22/ | 2022-08-11T21:28:11Z | wpri.com | control | https://www.wpri.com/news/us-and-world/us-key-30-year-mortgage-rate-jumps-back-over-5-now-5-22/ | 1 | 1 | green-iguana-35 | null |
WASHINGTON D.C. -
Jennifer M. Granholm was first sworn in as the Secretary of Energy on February 25, 2021. She's the 16th Secretary of Energy for the United States.
Secretary Granholm is helping DOE achieve President Biden's goal of net-zero carbon emissions by the year, 2050.
Part of that, includes advances in clean energy tech. and creating nearly millions of good-paying, union clean energy jobs. Another part, building a future with clean energy.
She also oversees DOE's core missions of promoting America's leadership in scientific discovery. As well as, maintaining the nuclear deterrent and reducing nuclear danger and fixing the environmental harms that are caused by legacy defense programs.
Sec. Granholm is the former Governor of Michigan, serving 2003 to 2011. Prior to being governor, she served as the attorney general in the state from 1999 to 2003.
In 2004, she was introduced to the Michigan's Women's Hall of Fame.
During the 2016 presidential elections, Sec. Granholm, was the co-chair for the Clinton president campaign.
During Sec. Granholm's confirmation hearing on January 27, 2021, "I will focus on three missions: first, the security of America through the National Nuclear Security Administration and clean-up of our Cold War legacy, ensuring that we can protect our nation," she said, "Second, supporting the amazing scientific work being done at the DOE’s 17 National Labs and other facilities across the country, including on climate change and emissions reductions. And third, taking that research to scale, deploying it to create jobs for Americans." | https://www.nbcrightnow.com/national/united-states-secretary-for-department-of-energy-jennifer-m-granholm/article_9dfdc50a-19a5-11ed-9944-d7d52c9c8761.html | 2022-08-11T21:28:31Z | nbcrightnow.com | control | https://www.nbcrightnow.com/national/united-states-secretary-for-department-of-energy-jennifer-m-granholm/article_9dfdc50a-19a5-11ed-9944-d7d52c9c8761.html | 1 | 1 | green-iguana-35 | null |
Morgan Stanley outlook for GBP:
- "We turn bearish skew for GBP but see another sharp leg lower in GBP as unlikely. The BoE delivered a 50bp hike, in line with market expectations, but this decision was accompanied by a very bleak set of forecasts and an explicit warning of a protracted UK recession starting from 4Q22," MS notes.
- "It is these weak growth expectations which we think will continue to keep GBP on the back foot against its G10 peers. However, given how low growth expectations already are and how bearish sentiment is on GBP, we think the risk of a further sharp leg lower in GBP has decreased," MS adds.
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-- | https://www.forexlive.com/news/morgan-stanley-are-bearish-gbp-but-see-another-sharp-leg-lower-as-unlikely-20220811/ | 2022-08-11T21:31:26Z | forexlive.com | control | https://www.forexlive.com/news/morgan-stanley-are-bearish-gbp-but-see-another-sharp-leg-lower-as-unlikely-20220811/ | 1 | 1 | green-iguana-35 | null |
CDC loosens guidance on quarantining, social distancing for COVID-19
The Centers for Disease Control and Prevention released new COVID-19 guidance Thursday, loosening recommendations that have been in place since the onset of the pandemic.
Why it matters: The shift marks a significant change in how the nation deals with COVID-19 more than two years after the pandemic began. A majority of Americans are now fully vaccinated against the virus or have been exposed to it.
Be smart: The CDC is now putting more of an emphasis on personal choices to make informed decisions to protect oneself and others from severe illness, including by vaccination and masking.
Details: The agency is relaxing both quarantine and social distancing guidance.
- Unvaccinated people who are exposed to COVID-19 are no longer advised to quarantine for five days if they have not tested positive for the virus or are not showing symptoms.
- Instead, aligning with the same rules as for vaccinated individuals, the CDC now suggests wearing a high-quality mask for 10 days and getting tested on day 5.
- The agency is also no longer emphasizing social distancing as a key method to reduce the risk of exposure.
- Screening testing of asymptomatic people without known exposures is also no longer recommended in most community settings, the CDC said.
What they're saying: "COVID-19 continues to circulate globally, however, with so many tools available to us for reducing COVID-19 severity, there is significantly less risk of severe illness, hospitalization and death compared to earlier in the pandemic," the agency said.
By the numbers: About 67% of Americans are fully vaccinated against COVID-19.
- 79% have received at least one dose.
- 32% have received an additional vaccine dose or a booster dose. | https://www.axios.com/2022/08/11/cdc-covid-quarantining-social-distancing | 2022-08-11T21:36:02Z | axios.com | control | https://www.axios.com/2022/08/11/cdc-covid-quarantining-social-distancing | 1 | 1 | green-iguana-35 | null |
Twitter on Thursday said it was rolling out plans to combat misinformation on the platform ahead of the 2022 midterm elections.
Those plans include enforcing its civic integrity policy, which prohibits content that contains false or misleading information about the election or content that may suppress voting, preventing misleading tweets from being recommended to users, and protections for candidate and journalist accounts, Twitter said.
“Twitter is the place to find real-time, reliable information about the 2022 midterms – whether you’re looking for breaking news from reporters, information on voting or policy positions from candidates,” the company said in a statement.
“We aim to enable healthy civic conversation on Twitter, while ensuring people have the context they need to make informed decisions about content they encounter,” Twitter wrote.
The platform has previously withstood criticism for misinformation spread on its platform surrounding elections and the COVID-19 pandemic.
Twitter repeatedly labeled some of then-President Trump’s tweets as misleading in the lead up to and after the 2020 presidential election, and the company permanently suspended him from the platform following the Jan. 6, 2021 attack on the Capitol.
The platform on Thursday said it has tested new misleading information labels that increased clickthrough rates by 17 percent and decreased engagement, measured through metrics like the number of replies, retweets and likes.
Twitter said it prohibits accounts that misrepresent affiliation to a candidate or elected officials and the company was taking further action to protect accounts representing government officials, candidates and journalists.
Those new steps include “more sophisticated” alerts for suspicious activity, increased login defenses and expedited account recovery.
“Accounts will be reminded to use a strong password, encouraged to enable two-factor authentication and asked to check the third-party apps they’ve connected to their accounts,” Twitter said. “We will also enable password reset protection for accounts by default to help prevent unauthorized password changes.” | https://www.siouxlandproud.com/hill-politics/twitter-announces-civic-integrity-plans-ahead-of-2022-midterms/ | 2022-08-11T21:36:10Z | siouxlandproud.com | control | https://www.siouxlandproud.com/hill-politics/twitter-announces-civic-integrity-plans-ahead-of-2022-midterms/ | 1 | 1 | green-iguana-35 | null |
(KTLA) – Actress Anne Heche is now being investigated for felony driving under the influence after a fiery crash in the Mar Vista neighborhood of Los Angeles last week, the Los Angeles Police Department said Thursday.
The crash was originally investigated as a misdemeanor, but the case was updated to a felony after a victim came forward, Officer Annie Hernandez told Nexstar’s KTLA.
Law enforcement sources told TMZ that Heche was under the influence of cocaine and possibly other drugs.
The crash occurred on Aug. 5 when witnesses saw Heche’s car speeding through city streets before crashing in a two-story house and starting a fire.
Heche had to be extricated from the wreckage. It took firefighters more than an hour to extinguish the fire, according to the Los Angeles Fire Department.
Video showed Heche’s blue Mini Cooper Clubman being towed out of the home, with a woman sitting up on a stretcher and struggling as firefighters put her in an ambulance.
Heche remained hospitalized and on a ventilator Thursday.
“Shortly after the accident, Anne became unconscious, slipping into a coma and is in critical condition,” spokeswoman Heather Duffy Boylston said in an email to the Associated Press, adding that Heche suffered a “significant” pulmonary (lung) injury that requires mechanical ventilation, as well as “burns that require surgical intervention.”
No further details were provided by Duffy Boylston, who is Heche’s friend and podcast partner.
A native of Ohio, Heche first came to prominence on the NBC soap opera “Another World” from 1987 to 1991, for which she won a Daytime Emmy Award.
Her film career took off in the late 1990s, with Heche playing opposite stars including Johnny Depp (“Donnie Brasco”) and Harrison Ford (“Six Days, Seven Nights”).
In a 2001 memoir, “Call Me Crazy,” Heche talked about her lifelong struggles with mental health and a childhood of abuse.
She was married to camera operator Coleman Laffoon from 2001 to 2009. The two had a son together. She had another son during a relationship with actor James Tupper, her co-star on the TV series “Men In Trees.”
Heche has worked consistently in smaller films, on Broadway, and on TV shows in the past two decades. She recently had recurring roles on the network series “Chicago P.D.” and “All Rise,” and competed as a contestant on “Dancing With the Stars” in 2020.
The Associated Press contributed to this report. | https://www.siouxlandproud.com/news/national-news/actress-anne-heche-may-have-been-under-influence-of-drugs-during-fiery-crash-tmz/ | 2022-08-11T21:36:29Z | siouxlandproud.com | control | https://www.siouxlandproud.com/news/national-news/actress-anne-heche-may-have-been-under-influence-of-drugs-during-fiery-crash-tmz/ | 1 | 1 | green-iguana-35 | null |
WASHINGTON (Nexstar) — President Joe Biden has maintained fighting climate change is one of his top priorities, and Democrats are about to approve historic investments in clean energy with a package that’s also expected to reduce health care costs for many Americans.
The U.S. House will vote on the Inflation Reduction Act on Friday, but Democrats like New York Congressman Paul Tonko are already celebrating.
“I think the Inflation Reduction Act is yet another milestone of accomplishment,” Tonko said. “[It] will enable us to do a historic investment in climate change response, $370 billion.”
Congressman Jim McGovern (D-Mass.) said that in addition to helping to slow the planet’s warming, the package Democrats are expected to pass on a party-line vote will also reduce people’s energy bills.
“It provides cheaper, cleaner energy and gives our planet a fighting chance,” he said.
The package of will also extend Affordable Care Act subsidies and reduce health care costs for those on Medicare.
Republicans say new spending is a bad idea and that it will have negative impacts.
“All it is is tax and spending,” said Rep. Bruce Westerman (R-Ark.). “Continue to drive inflation, it’s going to raise taxes.”
“Raising taxes when we are in a recession, even if my friends on the other side won’t admit it, violates every good principle of good economics,” added Rep. Tom Cole (R-Okla.).
One of the biggest provisions in the package would implement is a 15% minimum corporate tax rate, and Democrats say no one who makes under $400,000 a year will see a tax hike. | https://www.siouxlandproud.com/washington/washington-dc/u-s-house-set-to-vote-on-historic-package/ | 2022-08-11T21:37:02Z | siouxlandproud.com | control | https://www.siouxlandproud.com/washington/washington-dc/u-s-house-set-to-vote-on-historic-package/ | 1 | 1 | green-iguana-35 | null |
Former White House chief of staff Mick Mulvaney on Thursday said that he saw former President Trump rip up documents but never saw the intentional destruction of important papers.
The remarks from Mulvaney, who has been critical of Trump, come days after the FBI conducted a search of Trump’s Mar-a-Lago estate that is linked to a probe on classified documents.
“I never saw the intentional destruction of documents for the purpose of keeping anything for the National Archives, or the public in the future,” Mulvaney told CNN’s “New Day” host Brianna Keilar
Mulvaney said that everyone in the administration knew the importance of preserving documents and that everyone including himself sometimes ripped up documents.
“And we knew the rules and yes, we taped them back together and yes, we made copies and keep in mind that’s important,” Mulvaney told Keilar.
“As long as copies are preserved, you can pretty much do whatever you want to with the other documents,” he added. “But we all knew the rules and I never saw the intentional destruction of documents whatsoever.”
Mulvaney reiterated that he saw documents being “handled in the ordinary course of business,” stating that every prior administration has fixed defaced documents.
“You never heard about him ripping and flushing documents,” Keilar asked Mulvaney.
“I saw him rip documents. I mean we did,” Mulvaney replied back.
“The flushing, you never heard about him flushing documents,” Keilar asked Mulvaney.
New York Times reporter Maggie Haberman earlier this week released a pair of photos from her forthcoming book to back up her reporting that White House staffers regularly found ripped-up printing paper in the toilet of the presidential residence during Trump’s term in office.
“Not a single time,” Mulvaney said.
Mulvaney’s remarks come after the FBI executed a search warrant at Trump’s Florida based residence on Monday. The raid was reportedly as part of an investigation into whether Trump brought classified documents with him when he left the White House. | https://www.wwlp.com/hill-politics/mulvaney-says-he-never-saw-intentional-destruction-of-documents-at-trump-white-house/ | 2022-08-11T21:37:57Z | wwlp.com | control | https://www.wwlp.com/hill-politics/mulvaney-says-he-never-saw-intentional-destruction-of-documents-at-trump-white-house/ | 1 | 1 | green-iguana-35 | null |
Senate Majority Leader Charles Schumer (D-N.Y.) dismissed questions about whether President Biden should run for a second term in 2024 and underscored the importance for Democrats of winning Senate seats in this year’s midterms.
“I’m not focusing on that,” Schumer said of a Biden 2024 bid on Thursday’s episode of “Joe Madison The Black Eagle” on SiriusXM.
Schumer listed Pennsylvania, Wisconsin, North Carolina and Ohio as among the Senate seats he could see flipping to Democrats in November.
“If I got two or three more seats [in the Senate], the bill we did now, as good as it is, would be nothing,” Schumer said, referring the Democrats’ multi-billion dollar climate, health care and tax bill that passed the evenly-divided Senate 50-50 with Vice President Harris casting the tiebreaker vote.
The Inflation Reduction Act was the product of an unexpected deal between Schumer and Sen. Joe Manchin (D-W.Va.) — a scaled-down version of the Build Back Better bill that Manchin stymied.
Now before the House, the bill is aimed at investing in domestic energy and lowering prescription drug costs by closing tax loopholes on wealthy individuals and corporations.
Schumer on Thursday said that, with more Senate seats, Democrats could reach loftier goals.
“We would get childcare. We would get paid family leave, we would get help for heavy elderly home care. We would get the kinds of things that, you know, Joe Manchin was against so we couldn’t do in this bill, we got a lot, but — so please, focus on the 2022 elections and let’s deal with the presidency after that.” | https://www.wwlp.com/hill-politics/schumer-says-hes-not-focusing-on-2024-when-asked-about-biden/ | 2022-08-11T21:38:03Z | wwlp.com | control | https://www.wwlp.com/hill-politics/schumer-says-hes-not-focusing-on-2024-when-asked-about-biden/ | 1 | 1 | green-iguana-35 | null |
On Thursday, negative outings of high capitalised stocks weigh the local stock market down despite positive market breadth.
Thus, equities trading at the Nigerian Exchange Limited (NGX) reversed its previous day’s positive outing, largely due to such high capitalised stocks as MTN Nigeria, Guaranty Trust Holding Company and Zenith Bank.
The All Share Index (ASI) dipped to 50,014.60 basis points as against its previous close of 50,075.47bps, thus pegging both the month-to-date and year-to-date performance at -0.71 per cent and 17.09 per cent.
Market Capitalisation followed suit the direction of the ASI to stand at N26.976 trillion, representing a 0.12 per cent decrease from the N27.009 trillion it stood at the end of the previous trading session, as investors networth waned by N33 billion in the session.
Bulls’ camp maintains dominance over the market breadth with 21 counters in the gainers’ chart pitted against 15 counters in the losers’ chart.
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On the performance board, NAHCO gained 10.00 per cent to become the best performing stock in the session, while from the rear of the chart, ABC Transport, Jaiz Bank, Stanbic, Cavetto and United Bank for Africa populated the top five losers’ chart.
Key sectoral indices closed in the same direction with the ASI, save for NGX Insurance, NGX Industry and NGX Growth sectors that gain weight, while NGX ASEM sectors closed flat.
Market activity as measured by volume and of trades waned in the session, with daily traded volume stood at 133.591 million units, representing 52.16 per cent downtick from a volume of 279.221 million units traded in the previous session.
The value of those traded stocks on the other hand inched up by 17.06 per cent in the session to stand at N2.438 billion as against a value of N2.082 billion recorded in the previous trading session.
United Bank for Africa dominated the volume charts as the top traded stock by volume for the trading session, while with regards to the value of traded stocks, MTN Nigeria took the lead of the top five performers.
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Local stock market closes in red despite robust trade
Expose Killers Of 6 Nigeriens In South East — Buhari
Local stock market closes in red despite robust trade | https://tribuneonlineng.com/local-stock-market-closes-in-red-despite-robust-trade/ | 2022-08-11T21:40:42Z | tribuneonlineng.com | control | https://tribuneonlineng.com/local-stock-market-closes-in-red-despite-robust-trade/ | 1 | 1 | green-iguana-35 | null |
GRAND RAPIDS, Mich. — Kent County Veterans Services (KCVS) helped veterans who are experiencing homelessness find the help they need at the 2022 Homeless Veterans Stand Down event in Grand Rapids on Thursday.
The event provided veterans with food and supplies in addition to giving them a chance to discuss possible resources.
“They supported us; they fought for our country,” says Community Outreach Specialist Rachel Wustman. “So we’re here to support them, whether it be claims or if they’re down on their luck, maybe behind on some bills; we can help pay those bills and catch them back up.”
Wustman says KCVS does whatever it can to offer any resources they may need, so they are hoping to raise awareness for their services.
“We have the Vet Center, which is a mental health counseling part of the VA,” Wustman explains. “We have community rebuilders, which can help house veterans. We have VFW, so we have American Legions that can help fund things. They've brought food; they've brought doughnuts and coffee.”
We’re told KCVS also has the Michigan Veterans Affairs Agency within its offices making efforts to locate DD214.
Wustman acknowledges that veterans sometimes struggle with paperwork; she says there are services that can help with that too.
“[Veterans service offers have] gone through the training; they continue to do the training,” she explains. “So let us help. Let us take that stress off of you.”
Wustman encourages all veterans and those who know veterans to reach out so they can offer their valuable services.
Visit their website for more information. | https://www.fox17online.com/news/local-news/grand-rapids/kent-county-outreach-event-raises-awareness-for-veterans-services | 2022-08-11T21:41:58Z | fox17online.com | control | https://www.fox17online.com/news/local-news/grand-rapids/kent-county-outreach-event-raises-awareness-for-veterans-services | 1 | 1 | green-iguana-35 | null |
(WXMI) — As we approach the unofficial end of summer this Labor Day, Michigan State Police (MSP) is kicking off its “Driver Sober or Get Pulled Over” campaign.
Troopers say many fatalities occur on the road over Labor Day weekend, often due to driving while impaired.
In response, MSP says it will ramp up its enforcement of traffic laws starting Friday, Aug. 12 through Labor Day weekend while educating motorists on the consequences of driving while under the influence.
We’re told local authorities will also participate in the campaign.
“The aim of the enforcement campaign is to drastically reduce deaths and serious injuries caused by impaired driving,” says Michigan Office of Highway Safety Planning (OHSP) Director Katie Bower. “This should be a time for friends and family to enjoy the final days of summer. Impaired driving puts everyone at risk and is always unacceptable.”
MSP says one third of drivers killed during Labor Day weekend between 2017 and 2021 had alcohol in their system, adding 45% of 2021 traffic deaths in Michigan involved drugs or alcohol.
Troopers remind Michiganders that it is illegal to be behind the wheel of a vehicle with a blood alcohol concentration (BAC) of 0.8, saying arrests may be made at smaller levels if drivers are believed to be impaired. | https://www.fox17online.com/news/local-news/michigan/msp-launches-drive-sober-or-get-pulled-over-campaign-friday | 2022-08-11T21:42:04Z | fox17online.com | control | https://www.fox17online.com/news/local-news/michigan/msp-launches-drive-sober-or-get-pulled-over-campaign-friday | 1 | 1 | green-iguana-35 | null |
I found another thing... it' a good song.... you can feel something special.. there may other.. I want just more new.... new rock nolie\nLeddie, Aug 31, 20__Spocks Granny________@lucore.s\n#443 by Niel71@bv4\ni think, my all time top songs of U2 on one DVD in chronologie ... in top\ni do ............ LANSING, Mich. — The Michigan Department of Agriculture and Rural Development (MDARD) has announced that spotted lanternfly has been found in Oakland County. This is the first detection of the bug in Michigan.
A small population of spotted lanternfly was found in Pontiac last week. The species is an invasive plant hopper that is native to eastern Asia. They prefer to feed on the invasive ailanthus tree, which is also known as the “tree of heaven.” They also feed on other trees such as black walnut, river birch, willow, sumac, and red maple. Spotted lanternfly also feed on plants such as grapes. When feeding, they create a sticky liquid called honeydew. Honeydew can collect on the ground or surrounding vegetation, which results in the growth of sooty mold. The mold can discolor or kill plants.
“The research community is still learning about the spotted lanternfly and its potential for impacting our natural resources as well as treatments to eliminate this pest,” said Michigan Department of Natural Resources invasive communications coordinator Joanne Foreman. “It also could have an effect on important timber species statewide. What the long-term impact might be is unknown.”
“MDARD and MDNR (Michigan Department of Natural Resources) are working with the United States Department of Agriculture to define the extent of the infestation,” said MDARD’s Pesticide and Plant Pest Management Division Director Mike Philip. “Although we can’t pinpoint exactly how it got here, it likely hitchhiked on nursery stock brought in from an infested state and has possibly been here for several months. We are in the assessment stage of response, but it is important to note that typical pest management techniques have not proven effective for eliminating the pest in other states.”
Spotted lanternfly was first found in the United States in southeastern Pennsylvania in 2014. Since that time, there have been confirmed sightings in Connecticut, Delaware, Indiana, Maryland, Massachusetts, New York, North Carolina, Ohio, Pennsylvania, Virginia, and West Virginia.
Now that the bug has been spotted in Michigan, the Michigan Department of Natural Resources recommends the following:
- Check your vehicle: check doors, sides, bumpers, wheel wells, grills, and roofs for spotted lanternfly eggs or insects. If any insects or eggs are found, destroy them.
- Park with windows closed
- Remove and destroy pests: scrape eggs into a plastic bag which contains hand sanitizer or rubbing alcohol, which will kill them.
- Remove host trees: remove ailanthus trees or “tree of heaven” to avoid attracting them.
- Report sighting: Photos can be sent to the Michigan Department of Natural Resources’ website to verify a report and help in identification.
“Although not unexpected, this is certainly tough news to share due to its potential to for it to negatively impact Michigan’s grade industry,” said Michigan Department of Agriculture and Rural Development Director Gary McDowell. “Spotted lanternfly has been moving closer to the state over the last few years. MDARD, along with our state, local and federal partners, has been working tirelessly to inform and educate growers and the public about this highly invasive insect.”
More information on identifying or reporting spotted lanternfly can be found on the Michigan.gov website. | https://www.fox17online.com/news/local-news/michigan/spotted-lanternfly-found-in-michigan | 2022-08-11T21:42:10Z | fox17online.com | control | https://www.fox17online.com/news/local-news/michigan/spotted-lanternfly-found-in-michigan | 1 | 1 | green-iguana-35 | null |
Arkansas Department of Health director speaks on the rise of monkeypox, 15 cases reported
As of Aug. 11, the Arkansas Department of Health has tracked 15 cases of monkeypox in the state.
The department offers an information call-in line for anyone who has questions about COVID-19 or monkeypox symptoms, transmission, testing and treatment.
Dr. Jennifer Dillaha, director of the department, said laboratories from across the state are able to electronically send positive test results for monkeypox so the department can track the number of cases more efficiently.
"I think we will see additional cases in Arkansas," she said. "What we see will depend on what happens around the country and how its spread."
Vaccines are only being provided to the following individuals at this time.
- Confirmed and presumed monkeypox exposures (includes those who had close physical contact with someone diagnosed with monkeypox).
- Those who know their sexual partner was diagnosed with monkeypox.
- Men who have sex with men (MSM) who in the last 14 days had a sexual encounter in a venue where there was known to be spread of monkeypox or in an area where monkeypox is spreading.
Dr. Dillaha said the department would like to be able to offer the vaccine to anyone who may be at risk for being exposed.
"When we can do that I think it will make a big difference in the number of cases that we see," she said.
Dr. Dillaha was previously the department's medical director for immunizations and the outbreak response program.
"It's something that I'm familiar with and something that our staff's working hard to make sure that people get the right care when they need it," she said. | https://www.swtimes.com/story/news/2022/08/11/15-monkeypox-cases-reported-arkansas-department-of-health/10301366002/ | 2022-08-11T21:43:14Z | swtimes.com | control | https://www.swtimes.com/story/news/2022/08/11/15-monkeypox-cases-reported-arkansas-department-of-health/10301366002/ | 1 | 1 | green-iguana-35 | null |
Recreational marijuana in Arkansas: Advocates wait to find out if it will go to a vote
Ruling expected in late September
The Arkansas Supreme Court agreed to allow the state to create ballots that include the recreational marijuana issue, but the justices are continuing to deliberate over the appeal to decide whether to allow those votes to count.
Responsible Growth Arkansas continues to be hopeful that the Arkansas Supreme Court will allow the votes to count, said Stephen Lancaster, who represents the organization.
“That gives the court a little time to consider all the arguments and issue an opinion before the election," Lancaster said.
Responsible Growth Arkansas made an appeal to the Arkansas Supreme Court after the Board of Election Commissioners rejected the group's ballot title.
If the state Supreme Court sides with Responsible Growth Arkansas, then the ballots that include the group's proposal will be counted, creating the possibility that Arkansans could pass recreational marijuana.
Previous coverage:Election commission rejects ballot title for marijuana proposal in Arkansas
Read this:Recreational marijuana petitions approved, Arkansas voters could decide proposal
Lancaster said that this is the move he expected the Arkansas Supreme Court to make.
“It’s exactly what we asked the court to do," Lancaster said. “It wasn’t a surprise."
Lancaster estimated that the court will issue a ruling in late September.
Responsible Growth Arkansas is taking this as a win, Lancaster said.
“We’re nonetheless pleased with their ruling," Lancaster said.
Alex Gladden is a University of Arkansas graduate. She previously reported for the Arkansas Democrat-Gazette and The Jonesboro Sun before joining the Times Record. She can be contacted at agladden@swtimes.com. | https://www.swtimes.com/story/news/2022/08/11/recreational-marijuana-arkansas-supreme-court-allows-ballots-include-weed/10300397002/ | 2022-08-11T21:43:20Z | swtimes.com | control | https://www.swtimes.com/story/news/2022/08/11/recreational-marijuana-arkansas-supreme-court-allows-ballots-include-weed/10300397002/ | 1 | 1 | green-iguana-35 | null |
Carbondale, Ill., is poised to become the closest provider of abortions to many southern states. Several providers are working to set up shop there. Not everyone in the community is pleased.
Copyright 2022 NPR
Carbondale, Ill., is poised to become the closest provider of abortions to many southern states. Several providers are working to set up shop there. Not everyone in the community is pleased.
Copyright 2022 NPR | https://www.klcc.org/2022-08-11/an-illinois-town-is-becoming-an-abortion-hub-some-locals-are-opposed-to-new-clinics | 2022-08-11T21:43:41Z | klcc.org | control | https://www.klcc.org/2022-08-11/an-illinois-town-is-becoming-an-abortion-hub-some-locals-are-opposed-to-new-clinics | 1 | 1 | green-iguana-35 | null |
Here & Now‘s Scott Tong speaks with NPR’s Ryan Lucas about Attorney General Merrick Garland’s remarks this afternoon. He’s been under pressure to comment on the search warrant executed on Monday at former President Donald Trump’s Florida home.
This article was originally published on WBUR.org.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.klcc.org/2022-08-11/attorney-general-garland-asks-floridas-federal-court-to-unseal-warrant-on-trumps-home | 2022-08-11T21:43:47Z | klcc.org | control | https://www.klcc.org/2022-08-11/attorney-general-garland-asks-floridas-federal-court-to-unseal-warrant-on-trumps-home | 1 | 1 | green-iguana-35 | null |
NPR's Juana Summers speaks with Andrew Weissmann, a former Justice Department prosecutor, about the motion to unseal the search warrant for Donald Trump's Florida home.
Copyright 2022 NPR
NPR's Juana Summers speaks with Andrew Weissmann, a former Justice Department prosecutor, about the motion to unseal the search warrant for Donald Trump's Florida home.
Copyright 2022 NPR | https://www.klcc.org/2022-08-11/former-doj-prosecutor-on-what-could-happen-if-trumps-warrants-are-unsealed | 2022-08-11T21:44:12Z | klcc.org | control | https://www.klcc.org/2022-08-11/former-doj-prosecutor-on-what-could-happen-if-trumps-warrants-are-unsealed | 1 | 1 | green-iguana-35 | null |
In Nebraska, the prosecution of an alleged illegal abortion has highlighted the fact that evidence from online services such as Facebook is fair game for evidence in a post-Roe U.S.
Copyright 2022 NPR
In Nebraska, the prosecution of an alleged illegal abortion has highlighted the fact that evidence from online services such as Facebook is fair game for evidence in a post-Roe U.S.
Copyright 2022 NPR | https://www.klcc.org/2022-08-11/nebraska-abortion-case-underscores-how-evidence-from-online-services-is-now-fair-game | 2022-08-11T21:44:25Z | klcc.org | control | https://www.klcc.org/2022-08-11/nebraska-abortion-case-underscores-how-evidence-from-online-services-is-now-fair-game | 1 | 1 | green-iguana-35 | null |
Mary Rodgers was a songwriter, children's book author, philanthropist and — perhaps most famously — the daughter of theatrical legend Richard Rodgers. Though she died in 2014, her memoirs were published on Tuesday. Titled Shy: The Alarmingly Outspoken Memoirs of Mary Rodgers, they're co-authored by New York Times theater critic Jesse Green.
The book, the product of hundreds of hours Green spent with Rodgers, has extensive, entertaining, even gossipy footnotes on just about every page. There's an asterisk after the very first word, "Daddy," and the note explains: "If you've read this far, you probably know that Daddy was Richard Rodgers (1902-1979): composer, womanizer, alcoholic, genius."
"What I wanted was her voice," Green explains, saying he didn't want to clog the narrative with a lot of descriptions of the people, places and shows Mary Rodgers was talking about. So, he came up with the idea of footnotes. "I felt if people are going to read this book, what would I want them to get is the experience of sitting in that room and listening to her. I don't want it to read like prose. I want it to read like dialogue or monologue, really."
Green knew about Mary Rodgers long before he met her. "I had been in a show she wrote the music for, Once Upon a Mattress, in high school and also at camp," he says. Green says he had a great deal of fun performing in Rodgers' most famous work – it's a kind of Borscht-Belt adaptation of The Princess and the Pea, and originally starred Carol Burnett on Broadway. He "loved the music and wondered who this woman was who wrote it," he says. "I mean, there were very few women composers ever on Broadway at that time, and certainly none whose shows were being done in high schools all around the country."
When he was assigned to write a profile of Rodgers' son Adam Guettel, composer of Floyd Collins and The Light in the Piazza, Green met Mary and her second husband, Hank Guettel. It was his introduction to Rodgers' alarmingly outspoken ways. "Their behavior was not demure, because during that meeting, just about any provocation from me, any slight little question would result in torrents of shockingly honest answers," Green says, "the kind you never expect as a journalist or really even as a partygoer... At one point, she handed me a kind of a dossier of material for my use in the story that included the kinds of things you would probably normally burn!"
Green and Rodgers hit it off and, several years before her death, she asked him if he'd collaborate on her memoirs. And true to its subtitle, the book is filled with alarmingly outspoken stories about some of the most prominent figures from the golden age of musical theater – not just "Daddy," but his collaborators, Lorenz Hart and Oscar Hammerstein. And members of the next generation, too: Readers learn that Rodgers dated both director/producer Hal Prince and lyricist Sheldon Harnick. There are some acid descriptions of librettist Arthur Laurents, and snapshots of Stephen Sondheim through the years.
Green says Rodgers evokes a whole world of privilege – she was educated at Brearley and Wellesley – not unlike Jane Austen's novels: "The restrictions, the opportunities, the conniving, the trying to find love without giving yourself away too cheaply, the mistakes. All of that was a great richness of material that she would just pour out, as I sat there typing madly."
So, the book is filled with stories about the difficult relationship she had with her ice-cold parents (her mother, Dorothy Rodgers, was called "La Perfecta," behind her back by her friends); her first marriage to an older man, Julian B. Beaty Jr., with whom she had three children and who turned out not only to be gay but physically abusive; the affairs she had before she married her second husband. "She went through a checklist of inappropriate men," says Green.
"There's a lot in this book that I think people sort of know or think they know, but they don't," Green explains. "And then there's a few things that I think are going to be shockers to people."
One of them — her relationship with Stephen Sondheim, who she met when they were teenagers through her dad's partner, Oscar Hammerstein. "He was, in a way, the love of her life," Green says. He'd thought it was strictly platonic, but she said that wasn't the case. "She fell hard for Sondheim when they were kids, when they played the first game of chess at Oscar Hammerstein's farm. And then Sondheim went and played Gershwin at the piano, and she was done for life."
But Sondheim was gay. "She told me something I have never read or heard before, that they had briefly what she called a 'trial marriage,' where they slept together in the same bed in a kind of nightmarish confusion about what they were doing, which was nothing," explains Green. "But trying to make some go of what was clearly a very powerful and deep and non-sexual relationship, at least from his side. And eventually, even she had to say, 'no, this is not going to work.'"
They did collaborate on some songs together – their parody of "The Boy from Ipanema" from The Mad Show in 1966, "The Boy From...," has become a cabaret staple. And they remained good friends over the years. Rodgers was part of Sondheim's elaborate celebrity scavenger hunts, all over New York City. And when Sondheim was working on Company, a show about a bachelor and his married friends, he peppered Rodgers with questions about marriage (by then, she was in her second). He even threw in a little Easter egg in the opening number, where one lyric says: "Hank and Mary get into town tomorrow."
Rodgers had an active but frustrating career as a theatrical songwriter. "Mary was quite talented, but was somewhat done in by being a talented person who was the daughter of the nearly universally acknowledged great composer of American musical theater," says Green. There were flops, shows that were never produced (including, tantalizingly, an adaptation of Carson McCullers' A Member of the Wedding), there were constant rumors that her songs were ghost-written by her father, which Green says she found amusing.
But at a certain point, "She just decided, I have a lot of things I can do and I'll try something else," says Green. "This world doesn't want me or isn't working for me right now. I don't need to win."
Perhaps as compensation for her difficult childhood, she threw herself into parenting – she had three more children with her second husband, though she also had the heartbreak of losing one child to an acute case of asthma.
And Mary Rodgers had a second career writing children's books, including Freaky Friday. The extremely popular novel, in which a mother and her daughter swap bodies, has been adapted several times for the screen and spawned sequels that Rodgers authored.
As a last act, Mary Rodgers served on the board of many major institutions, including as chair of the Juilliard School. Jesse Green says, in that role, she got to support generations of young musicians, actors and writers. "She was invested in the world of talent, not so much in the expression of her own," Green explains. "And that's what made her a great dame and a philanthropist with real heart and a wonderful person to be around."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.klcc.org/2022-08-11/published-8-years-after-her-death-mary-rodgers-memoir-is-a-true-tell-all-book | 2022-08-11T21:44:37Z | klcc.org | control | https://www.klcc.org/2022-08-11/published-8-years-after-her-death-mary-rodgers-memoir-is-a-true-tell-all-book | 1 | 1 | green-iguana-35 | null |
Despite a lot of economic uncertainty, most companies in the S&P 500 did better in the second quarter than Wall Street expected. But there were signs the economy is starting to slow down.
Copyright 2022 NPR
Despite a lot of economic uncertainty, most companies in the S&P 500 did better in the second quarter than Wall Street expected. But there were signs the economy is starting to slow down.
Copyright 2022 NPR | https://www.klcc.org/2022-08-11/u-s-companies-seem-to-be-doing-fine-but-below-the-surface-there-are-warning-signs | 2022-08-11T21:44:43Z | klcc.org | control | https://www.klcc.org/2022-08-11/u-s-companies-seem-to-be-doing-fine-but-below-the-surface-there-are-warning-signs | 1 | 1 | green-iguana-35 | null |
Bill Russell's No. 6 jersey is being retired across the NBA, a first for the league.
The NBA and the National Basketball Players Association announced Thursday that the number worn by the 11-time champion, civil rights activist and person good enough to be enshrined in the Basketball Hall of Fame as both a player and a coach was being permanently retired by all 30 teams.
"Bill Russell's unparalleled success on the court and pioneering civil rights activism deserve to be honored in a unique and historic way," NBA Commissioner Adam Silver said. "Permanently retiring his No. 6 across every NBA team ensures that Bill's transcendent career will always be recognized."
Players who currently wear No. 6 — including the Los Angeles Lakers' LeBron James — may continue doing so. But the number cannot be issued again, the league said.
All NBA players will wear a patch on the right shoulder of their jerseys this season, the league said, and every NBA court will display a clover-shaped logo with the No. 6 on the sideline near the scorer's table.
The Boston Celtics have "separate and unique recognition for him on their uniforms" planned, the NBA said.
Russell died on July 31 at the age of 88. He was the most prolific winner in NBA history, an 11-time champion during a 13-year career — winning the last two of those titles as a player-coach — and the first Black coach in any of the major U.S. pro sports to win a championship.
He marched with Martin Luther King Jr., stood with Muhammad Ali and received the Presidential Medal of Freedom from President Barack Obama.
And having his number retired leaguewide puts him in a very exclusive club.
Major League Baseball permanently retired No. 42 — in honor of Jackie Robinson, who broke the big league's color barrier — with the understanding that those who were wearing that number could continue to do so. Mariano Rivera of the New York Yankees was the last in the majors to wear No. 42, doing so through his final season in 2013.
The NHL, upon Wayne Gretzky's retirement in 1999, said his No. 99 would be retired leaguewide in honor of that sport's all-time scoring leader.
And now, Russell gets the same treatment. It also seems fitting that he and Robinson — both barrier-breakers — are linked again. Russell called Robinson a hero, once saying that "he showed me the way to be a man in professional sports."
Robinson, clearly, held Russell in high esteem as well. Rachel Robinson, his widow, asked Russell to be a pallbearer at her husband's funeral in 1972.
"This is a momentous honor reserved for one of the greatest champions to ever play the game," NBPA Executive Director Tamika Tremaglio said. "Bill's actions on and off the court throughout the course of his life helped to shape generations of players for the better and for that, we are forever grateful. We are proud to continue the celebration of his life and legacy alongside the league."
There have been more than 250 players in NBA history to wear a No. 6 jersey, including 24 who did so in at least one game last season — most notably, James, who has alternated between 6 and 23 throughout his NBA career.
Nobody has worn No. 6 for the Celtics since Russell's final season, 1968-69.
Russell is one of 12 players currently enshrined in the Basketball Hall of Fame who wore No. 6 at at least some point in their careers. The others: Julius Erving, Patrick Ewing, Ben Wallace, Don Barksdale, Chuck Cooper, Larry Costello, Tom Gola, Cliff Hagan, Alex Hannum, Buddy Jeanette and Neil Johnston.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.klcc.org/npr-news/npr-news/2022-08-11/bill-russells-no-6-is-being-retired-across-the-nba-a-first-for-the-league | 2022-08-11T21:44:55Z | klcc.org | control | https://www.klcc.org/npr-news/npr-news/2022-08-11/bill-russells-no-6-is-being-retired-across-the-nba-a-first-for-the-league | 1 | 1 | green-iguana-35 | null |
U.S. Army Corps of Engineers is providing remedial action at former Brookley Air Force Base, located in Mobile County, Alabama.
Delmonico-PKS JV, LLC, has been contracted by USACE Savannah District to perform the area clean up as part of the formerly Used Defense Sites (FUDS) Program.
The Department of Defense is responsible for the environmental restoration (cleanup) of properties that were formerly owned by, leased to, or otherwise possessed by the United States and under the jurisdiction of the Secretary of Defense prior to October 1986. Such properties are known as Formerly Used Defense Sites or FUDS. The U.S. Army is the DOD’s lead agent for the FUDS Program. The U.S. Army Corps of Engineers executes the FUDS Program on behalf of the U.S. Army and DOD.
As part of the clean-up process, barrels of materials are transported to the site, which are used to balance the groundwater pH levels.
“The barrels are holding two things. The sodium Bicarbonate is to adjust the pH of the groundwater,” said Carl Dokter, Savannah District FUDS’ program manager. “Once the pH of the groundwater is where it needs to be, the contractor will inject the Emulsified Lecithin Substrate product, which is a food grade carbon (lecithin based) that enhances the bioremediation. It basically creates an anerobic environment in the subsurface that allows bacteria to work on the contamination and degrade it.”
The barrels of product will diminish as well as the environmental service gets closer to completion.
“It looks ominous because there is fencing to keep people out and the product is stacked,” said Dokter. “As the products are injected into the groundwater, there will be fewer and fewer barrels. Once that process is complete, the contractor will be removing some of the soil that is the source of the contamination. And the hole will be replaced with clean soil. We anticipate the process to be complete by the end of October.”
The Department of Defense and the U.S. Army Corps of Engineers are committed to protecting human health and the environment and improving public safety by cleaning up environmental contamination at former military properties.
For inquiries about the FUDS Brookley AFB project, contact USACE Savannah District’s Public Affairs Office at phone number 912-677-6039.
This work, FUDS Brookley Air Force Base update, by Christopher Carranza, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright. | https://www.dvidshub.net/news/427069/fuds-brookley-air-force-base-update | 2022-08-11T21:46:56Z | dvidshub.net | control | https://www.dvidshub.net/news/427069/fuds-brookley-air-force-base-update | 1 | 1 | green-iguana-35 | null |
Walking into Hawk’s Cove, the new Integrated Resilience Center at Vandenberg Space Force Base, is a little like walking into a living room. A comfortable sofa and set of chairs sit in the reception area of the 6000 sq. ft. space where clients may have their first contact with support personnel who will guide them through every step of an often-challenging process in reporting sexual assault, harassment, or abuse.
“That’s one of the things we’ve heard, that it’s really a very nice, warm, welcoming space. You walk in and it really feels like there is this ambience of regardless of why I’m here, I know I’m going to be taken care of,” said Emily Dreiling, Vandenberg’s Director of Diversity, Equity, Inclusion and Accessibility (DEIA).
Dreiling is one of the Action Officers for the new Integrated Resilience Center at Vandenberg, one of seven locations for the Department of the Air Force’s Co-Location Pilot program that officially began on August 1. The pilot program will continue for six months in order to evaluate the effectiveness of placing response and assistance agencies in a single location to help survivors of sexual assault, sexual harassment, domestic violence, and other harmful behaviors.
Dreiling, who is an alternate Sexual Assault Response Coordinator (SARC) for Vandenberg as well as the DEIA director, is at the new facility fulltime. Hawk’s Cove also houses offices for a fulltime SARC, Victim Advocate, Domestic Abuse Victim Advocate, Community Support Coordinator, Violence Prevention Integrator, Civilian Health Promotion Services, and a satellite office for Equal Opportunity, Victims’ Counsel, Religious Support Team. While not all the installations in the Co-Location Pilot will have the same number of offices, they all share the same goal – attaining the right resources for anyone who walks through their door looking for help.
“If an individual can find their way into our center, there would not be a time when they would need to be redirected to another office. They would have that support all in one location,” said Dreiling.
As an example, Dreiling describes what would happen for someone seeking support from the Sexual Assault Prevention and Response (SAPR) office prior to the pilot initiation. She says the SAPR office has always provided around-the-clock response to a survivor. However, if a client requested an additional support component, such as religious support or mental health, the initial paperwork would be filed at the SAPR office, then the client would receive a series of referrals for different offices or agencies that were likely at different locations.
Dreiling said now with the Vandenberg Co-Location Pilot, if a client would like additional support from the Chaplain, mental health, the Victims’ Counsel or another office, the referred agency meets the client at the center.
“We’re really trying to make sure that once a person makes their way to the response arm of our programs, they are not having to go elsewhere unless it’s deemed necessary like medical care or for law enforcement investigations. But we, as the response arm of the pilot program, would still be going with that individual,” said Dreiling.
Another important aspect of the Co-Location Pilot is the location of the Integrated Resilience Center itself. Finding a single source of support for survivors of violence, abuse or harassment may be especially important to those who are hesitant to go outside their comfort zone, or in some cases, to a place that may be difficult to access.
Dreiling said, “When you start looking at barriers that might exist – especially to our spouse community needing help – we’re in an office that’s open and anybody can come in and walk through. We’ve received a lot of feedback that it is a more conducive to seeking assistance versus where they were previously located in the medical group because there’s just a lot more barriers, especially if someone is being trapped by their spouse or other things.”
Dreiling is an enthusiastic supporter of the Co-Location Pilot. She was also an Action Officer during the initial inspection of the Independent Review Commission on Sexual Assault in the Military, and is thrilled to see the IRC recommendations come to fruition.
“We just really want our pilot to be so successful here because we see such value and benefit. I know there’s a lot of focus on the data and all of the things that go along with making it a success. But really, just hearing the anecdotal stories and watching so many more people come through the door is exciting,” said Dreiling.
Hawk’s Cove offers support and advocacy services for sexual assault, sexual harassment, domestic violence, child abuse prevention, suicide prevention, resilience, and Diversity, Equity, Inclusion and Accessibility, Civilian Health Promotions and houses a satellite office for the Religious Support Team, Victim’s Council, and Equal Opportunity complaints for military and civilian personnel.
The seven installations selected for the Co-Location pilot were identified based on their population’s diversity, interest by the major command, and ability to execute the co-location. The pilot installations will be evaluated by comparing them to seven “control bases,” which have not co-located the requisite support offices and personnel.
This work, Vandenberg sees promise in Co-Location Pilot, by Rebecca Ward, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright. | https://www.dvidshub.net/news/427084/vandenberg-sees-promise-co-location-pilot | 2022-08-11T21:48:04Z | dvidshub.net | control | https://www.dvidshub.net/news/427084/vandenberg-sees-promise-co-location-pilot | 1 | 1 | green-iguana-35 | null |
SALISBURY, Md.- The Sarbanes branch of the Wicomico Public Library is in need of school supply donations. The donations will be used to create bookbags for local schools.
With inflation causing prices to rise, it has become harder for families and teachers to afford materials for the school year.
Without the proper supplies, it can be difficult for students to do well in class. The Wicomico Public Library wants to give all students the means for success.
The library is accepting donations until Sunday, Aug. 14.
Untia Bigelow, the volunteer coordinator, says the library will be happy to accept any supplies people can offer.
If you or someone you know would like to donate, the donation table is on the first floor of the library, next to the checkout desk. | https://www.wboc.com/news/education/wicomico-public-library-accepting-school-supply-donations/article_861ca2c2-19ae-11ed-9e7f-8fa6a9e61f28.html | 2022-08-11T21:51:49Z | wboc.com | control | https://www.wboc.com/news/education/wicomico-public-library-accepting-school-supply-donations/article_861ca2c2-19ae-11ed-9e7f-8fa6a9e61f28.html | 1 | 1 | green-iguana-35 | null |
(All amounts expressed in U.S. dollars unless otherwise noted)
TORONTO, Aug. 11, 2022 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") is pleased to provide an update on exploration activities at several projects and select mine sites. The Company's exploration focus remains on pipeline projects, near-mine opportunities and mineral reserve and mineral resource replacement and growth. Exploration highlights during the first half of 2022 include:
- Detour Lake – Conversion and expansion drilling continue to return promising results within and immediately adjacent to the current open pit, representing an opportunity to further optimize the recently updated mine plan. By the end of June 2022, more than 84,660 metres of drilling had been completed since the closure of the database in early February 2022 in connection with the most recent mineral resource estimate. Highlight intercepts of 1.1 grams per tonne ("g/t") gold over 55.9 metres at 354 metres depth and 1.4 g/t gold over 78.9 metres at 565 metres depth in hole DLM-22-425 in the Saddle Zone demonstrate the potential to deepen the pit and extend it further north. Step-out drilling returned 32.3 g/t gold over 4.8 metres at 955 metres depth in an intersection located more than two kilometres west of the open pit, demonstrating the potential for a significant extension of the deposit to the west that will be considered for underground mining opportunities
- Odyssey Underground Project at Canadian Malartic – Infill drilling continues to return strong results in the Odyssey South Zone, with recent results of 5.2 g/t gold over 17.0 metres at 359 metres depth. An initial mineral reserve estimate is expected at year-end 2022 and pre-commercial production from the Odyssey South orebody is expected to begin before the end of March 2023. Infill drilling also continues to return wide, high-grade intersections in the core of the East Gouldie deposit, with recent results including 4.9 g/t gold over 45.3 metres at 1,072 metres depth. Eastern extension and western extension of the deposit continues to be tested with recent results of 1.8 g/t gold over 62.9 metres at 1,580 metres depth, extending the zone 225 metres towards the west, filling the gap between the East Gouldie and the Norrie zones and providing potential for mineral resources addition
- Hope Bay – More than 46,000 metres of drilling have been completed year to date with seven drill rigs now operating at the Doris and Madrid deposits. Recent results at Doris confirm the potential to expand the deposit along strike to the north in the BTD Extension Zone and to the south in the Central and West Valley zones and demonstrate the potential for finding additional high grade fold-hinge structures below the historical zones with a recent intersection in the BTD Connector zone of 6.9 g/t gold over 32.2 metres at 495 metres depth
- Kirkland Lake Region – Following the merger with Kirkland Lake Gold Ltd. (the "Merger") that closed on February 8, 2022, the extension of the ramp from Macassa is now allowing drilling of the Amalgamated Kirkland ("AK") deposit from underground to complement surface drilling and accelerate the infill drilling of AK. The Company believes ore could be sourced for the Macassa mill in early 2024, which could provide flexibility to the operations. Recent results include a highlight intercept of 8.1 g/t gold over 13.8 metres at 208 metres depth. Infill drilling has also been completed at the Upper Beaver deposit, with a recent highlight intercept of 8.8 g/t gold and 0.54% copper over 12.0 metres at 1,600 metres depth. The Company's internal study on Upper Beaver is expected to be updated in 2023 taking into consideration synergy opportunities from the Merger
"The Company's ambitious exploration program for 2022 is yielding exciting results. At Detour Lake, the step-out drilling suggests good potential for an underground operation and extensions to the current open pits. At Canadian Malartic, the step-out drilling continues to significantly extend the East Gouldie deposit to the east and the west. At Hope Bay, the drill results confirm the expansion of the Doris deposit at depth with wide high grade intercepts, well ahead of our expectations," said Ammar Al-Joundi, Agnico Eagle's President and Chief Executive Officer. "In addition, we continue to generate significant exploration results at producing assets including Fosterville, Meliadine, LaRonde and Kittila. With these positive results, we are adding $30 million dollars to our exploration budget in 2022 as we aim to accelerate the realization of the full potential of existing operations and key projects in the Company's pipeline," added Mr. Al-Joundi.
Based on positive exploration results in the first half of 2022, a supplemental exploration budget of $30 million has been approved – The Company has numerous mines and pipeline projects with excellent potential to replace and increase mineral reserves and has prioritized assessing the full potential of its portfolio through exploration (see the Company's news release dated February 23, 2022 for a breakdown of the 2022 exploration budget). Positive exploration results in the first half of 2022 support the focused addition of supplemental budgets at several projects. An update on selected exploration programs and budgets is set out in the sections below.
Targeting growth of the Company's mineral reserves and mineral resources at year-end 2022 from a record level at year-end 2021 – At December 31, 2021, Agnico Eagle's proven and probable mineral reserve estimate totaled approximately 25.7 million ounces of gold, consisting of 2.4 million ounces of gold of proven mineral reserves (38.7 million tonnes grading 1.92 g/t gold) and of 23.3 million ounces of probable mineral reserves (298.3 million tonnes grading 2.43 g/t gold.) This was an increase of approximately 1.6 million ounces of gold (7%) and a 10% increase in grade compared with the prior year. At December 31, 2021, prior to the Merger, Kirkland Lake Gold's proven and probable mineral reserves totaled approximately 18.9 million ounces of gold, consisting of 3.7 million ounces of gold of proven mineral reserves (81.7 million tonnes grading 1.41 g/t gold) and of 15.2 million ounces of probable mineral reserves (502 million tonnes grading 0.94 g/t gold).
For a breakdown of the Company's mineral reserves and mineral resources as at December 31, 2021 by deposit refer to the Company's news release dated February 23, 2022. For Detour Lake's mineral reserves and mineral resources as at March 31, 2022 refer to the Detour Lake section of this new release and the Company's news release dated July 27, 2022.
A wide selection of recent drill results is compiled in a table in the Appendix to this news release, while highlight intercepts are set out in the sections below. Drill hole collar coordinates for the holes in this news release are also set out in the Appendix.
ABITIBI REGION, QUEBEC
Agnico Eagle is Quebec's largest gold producer with a 100% interest in the LaRonde complex (which includes the LaRonde and LaRonde Zone 5 ("LZ5") mines), the Goldex mine and a 50% interest in the Canadian Malartic mine. The Company has a multi-decade track record of exploration success in the Abitibi region, building on the discovery in the 1980s of the world-class LaRonde gold-rich polymetallic volcanic massive sulphide deposit, which has served as an operations and exploration hub that provides operating synergies to the Company's nearby mines and allows for the sharing of technical expertise.
LaRonde Complex – Three Underground Development Drifts Progressing Westward from LaRonde 3 Infrastructure; Drilling on Level 9 Tests Vertical Extension of Zone 3-1; Infill Drilling Confirms Grade and Width of Zone 11-3; Drilling Shows Potential for Westward Extension of LZ5 Mineralization
At the LaRonde complex, the Company now expects to spend approximately $14.8 million in 2022 to drill 43,500 metres and to develop, extend or rehabilitate three new exploration drifts on levels 9, 215 and 290 West from the LaRonde 3 infrastructure towards the west below the LZ5 mine workings.
A total of 13,434 metres of definition and exploration drilling was completed in the first half of 2022, amid a challenging environment for diamond driller staffing and as new exploration drifts are being developed for future drilling.
In the track drift on Level 9, a second drill station has been completed and a drill rig is now operating and targeting the down-plunge extension of the historical Bousquet Zone 3-1.
In the exploration drift on Level 215, the development is progressing faster than budgeted with a total of 1,015 metres developed in the first half of 2022. The rehabilitation work is completed, and the drift is currently being extended further to the west. Considering the good progress being made, the Company has allocated an additional $2.9 million budget to extend the exploration drift compared to the original February budget. A first drill is expected to be mobilized into the drift in the second quarter of 2023. The exploration drilling program from the Level 215 exploration drift will test vertical extensions between 1.5 and 3 kilometres depth of several known mineralized zones — Zone 3-1, Zone 3-4, the Bousquet 1 mine and the LZ5 mine — as the drift is advanced to the west.
In the exploration drift on Level 290 West, development progressed by 136 metres during the first half of 2022 before being paused until year-end to focus on Level 215 and other priority developments in the mine.
At the LZ5 mine, Zone 5 was extended to the west during the first half of 2022, with recent drilling highlights that included: 2.4 g/t gold over 18.1 metres at 692 metres depth in hole BZ-2021-008; 1.4 g/t gold over 16.0 metres at 1,017 metres depth in hole BZ-2021-009; and 2.1 g/t gold over 17.5 metres at 841 metres depth in hole BZ-2022-001. These wide and low-grade intercepts show the potential for the vertical and westward extension of Zone 5 mineral reserves and mineral resources onto the Company's 100%-owned Ellison property, which is immediately adjacent to the infrastructure at the LZ5 mine.
In Zone LR11-3, which is located at depth in the past-producing Bousquet 2 mine, infill drilling was completed to validate historical results and infill the zone prior to development in the ore. Gold production from LR11-3 development ore is expected to begin in late 2022 and full production is expected to start in the first half of 2023.
Selected recent drill results from Zone LR11-3 and the LZ5 mine are set out in a table in the Appendix and in the composite longitudinal map below.
[LaRonde Complex – Composite Longitudinal Section]
Goldex – Exploration Continues to Expand South Zone; Drilling Ongoing into Mineralization Below the Deep 2 Zone and in the West Area
At the Goldex mine, the Company expects to spend approximately $5.6 million in 2022 for 45,300 metres of drilling comprised of 39,300 metres of conversion drilling and 6,000 metres of exploration drilling, focused on the South Zone, M Zone, West area and at depth in the Deep 3 Zone.
The main target of exploration at Goldex in 2022 is the South Zone, which is located in the volcanic rocks south of the Goldex main deposit. The South Zone gold mineralization is hosted in multiple quartz-biotite-sulphide veins that have higher grades than those in the primary mineralized zones at Goldex.
Seven drills are currently active on the property and have completed a total of 22,036 metres of capitalized definition drilling and 1,697 metres of expensed exploration drilling during the first half of 2022.
Recent results from the western extension of the South Zone in Sector 2 include a highlight of 14.7 g/t gold over 3.0 metres at 955 metres depth in hole GD96-002. In the eastern extension of the South Zone, in Sector 3, the conversion drilling program continues to return excellent results, including 4.1 g/t gold over 20.0 metres at 1,291 metres depth in hole GD128-057. The Company expects that the South Zone will be an important contributor to the replacement of mineral reserves at Goldex at year-end 2022.
Exploration is also being conducted to test the deposit at depth below the Deep 2 mine and in the West area.
Selected recent drill results from Goldex are set out in the table in the Appendix and in the composite longitudinal section below.
[Goldex Mine – Composite Longitudinal Section]
Odyssey Project – Infill Drilling Progressing in the Odyssey South Zone with Expectations of Initial Mineral Reserves to be Declared at Year-end 2022 and Pre-commercial Production to Begin before the end of March 2023 from an Underground Ramp; Infill Drilling at East Gouldie Continues to Confirm Grade and Width in the Core of the Deposit while Exploration Drilling Continues to Expand the Zone to the East and West; Underground Development and Surface Construction Progressing on Schedule and on Budget
At the Canadian Malartic mine, the Company expects to spend approximately $11.9 million (50% basis) in 2022 for 136,800 metres (100% basis) of exploration and conversion drilling focused on aggressive infill drilling of the East Gouldie deposit to improve confidence in the mineral resource, to continue the conversion of inferred mineral resources to indicated mineral resources and to refine the geological model. With ramp development continuing as part of the Odyssey mine project, Canadian Malartic GP (the "Partnership") is conducting underground conversion drilling from the ramp.
Twenty drills are currently active on the property, with four underground drills completing infill drilling on the Odyssey South deposit, 12 surface drills focused on infilling and expanding the East Gouldie mineralization and four drills active in regional exploration. The Partnership drilled 95,030 metres (100% basis) during the first half of 2022.
Underground development in the first half of 2022 completed 685 metres of ramp and 2,622 metres of lateral development, with the ramp now reaching a depth of 380 metres below surface.
Selected recent exploration drill results from Odyssey South, East Gouldie and the regional program on the wider Canadian Malartic property portfolio are set out in a table in the Appendix and in the composite longitudinal section below.
[Canadian Malartic Mine – Composite Longitudinal Section]
Odyssey South
Drilling from underground gradually increased during the first half of 2022 as ramp development provided access to new diamond drill bays to test the Odyssey South and Odyssey Internal zones. Recent results continue to confirm the grades of these zones and the Company expects that the core portion of the Odyssey South deposit will be classified as mineral reserves at year-end 2022, with pre-commercial production to begin before the end of March 2023. The new underground access also allowed for additional drilling into the Odyssey internal zones where recent results continue to better define the continuity of zones within the porphyry, which is expected to have a positive impact on the mineral resources update at year-end.
East Gouldie
With the continued success at infilling East Gouldie at 75-metre spacing in the core of the deposit, the Company expects a significant portion of the East Gouldie deposit to be classified as indicated mineral resources at year-end 2022.
Recent expansion drilling to the west at depth is producing positive results, with highlight hole MEX22-231 returning 1.8 g/t gold over 62.9 metres at 1,580 metres depth in the western extension of the East Gouldie deposit approximately 225 metres west of the current mineral resources outline (previously reported on July 27, 2022). This intercept is approximately halfway between the East Gouldie deposit and the Norrie Zone to the west and shows the potential for East Gouldie to connect with other mineral inventories in the Norrie and South Sladen mineralized zones that are not yet classified as mineral resources.
Regional Exploration
In regional exploration at Canadian Malartic, the Company is planning to spend approximately $4.1 million (50% basis) in 2022 on 21,900 metres (100% basis) primarily to expand mineralization towards the east in the East Gouldie horizon and the new Titan zone at depth on the Rand Malartic property. During the first half of 2022, 18,896 metres (100% basis) were completed on the Rand Malartic, East Amphi and Midway properties.
Rand Malartic
On the Rand Malartic property, the priority remains to test the eastern extension of the East Gouldie deposit while also testing the eastern extension of the Odyssey North and Odyssey South zones associated with porphyry mineralization within the Piché Group. As previously disclosed during the first quarter of 2022, the Partnership repurchased the 2% NSR royalty on the Rand Malartic property for $7 million.
Recent hole RD20-4677B has intersected a new mineralized porphyry intrusion, returning 1.6 g/t gold over 29.3 metres (core length) at 1,208 metres depth approximately 820 metres east of the easternmost limit of Odyssey South Zone mineral resources, demonstrating potential to discover "Odyssey North and South" style of mineralization as exploration drilling advances towards the east.
In the eastern extension of East Gouldie, previously reported hole RD21-4689AA intersected 3.1 g/t gold over 7.9 metres (core length) at 2,537 metres depth, making it the deepest and easternmost drill hole to date. This intersection extends the East Gouldie mineralized corridor eastward by 500 metres, to approximately 1,700 metres east of the current mineral resources outline. Mineralization remains open to the east.
East Amphi and Camflo
Elsewhere on the Partnership's 13,582 hectare land position, exploration continues with work testing the deep extension of the East Amphi deposit and the ongoing compilation of all historical information around the Camflo deposit on the Camflo property, which the Partnership acquired in 2021.
The Camflo property lies to the north of the Odyssey project and includes the past producing Camflo mine which had historical production of approximately 1.6 million ounces of gold.
The Partnership's initial evaluation of the Camflo property has identified porphyry hosted gold mineralization that could potentially be mined via an open pit. Additional studies are underway to evaluate this mineralization and additional potential mineralization in adjacent rock types. A follow-up exploration program is planned for Camflo in 2023.
ABITIBI REGION, ONTARIO
Agnico Eagle acquired the Detour Lake and Macassa mines on February 8, 2022 as a result of the Merger. With the inclusion of these two assets in its portfolio, the Company is now Ontario's largest gold producer. Furthermore, the proximity of these mines to the Company's operations located in the Abitibi region of Quebec provides operating synergies and allows for the sharing of technical expertise.
Detour Lake – Drilling Confirms a Broad Corridor of Mineralization Extending from the Main Pit Continuing Through to the Planned West Pit; Potential to Continue Growing "Out-pit" Mineralization Two Kilometres West of the Current Resource Pit
At the Detour Lake mine, the Company expects to spend approximately $35.8 million in 2022 for 194,000 metres of capitalized drilling to expand mineral resources at depth and to the west, and $10.1 million for 40,000 metres for exploration drilling to continue to investigate the Sunday Lake Deformation Zone to the east and west of the current pit's mineral resources.
During the first half of 2022 at Detour Lake, the Company completed 99 holes totalling 108,023 metres of combined capitalized and expensed drilling. Approximately 84,660 metres of the drilling completed in the first half of 2022 was not included in the latest mineral reserve and mineral resource update for Detour Lake, which utilized a database that closed on February 5, 2022.
Selected recent drill intercepts from Detour Lake are set out in a table in the Appendix and in the plan map and composite longitudinal section below.
[Detour Lake Mine – Plan Map and Composite Longitudinal Section]
During the first half of 2022, drill results inside and proximate to the Saddle and future West Pit areas continue to confirm the presence of a broad corridor of mineralization extending from the Main Pit and continuing through to the planned West Pit. Recent results have been positive and are expected to support further resource upgrades and the identification of new resources north and below the current resource pit shell.
Highlights from recent drilling inside and near the future West Pit area include: hole DLM21-348A, which intersected 1.0 g/t gold over 41.0 metres at 488 metres depth and 5.0 g/t gold over 4.6 metres at 614 metres depth; hole DLM22-414, which intersected 2.1 g/t gold over 27.4 metres at 561 metres depth; hole DLM22-425, which intersected 1.1 g/t gold over 55.9 metres at 354 metres depth and 1.4 g/t gold over 78.9 metres at 565 metres depth; and hole DLM22-450W, which intersected 19.9 g/t gold over 2.7 metres at 315 metres depth and 2.2 g/t gold over 21.0 metres at 548 metres depth.
Drilling in the westerly plunge of the deposit both below and west of the future West Pit has continued to return wide intervals inclusive of a higher grade portion that support the potential to continue growing the "out-pit" mineralization, which now extends two kilometres west of the current resource pit. Recent drill results include the intersection of a new mineralized zone south and below the western extent of the West Pit resources.
Highlights from recent drilling below and immediately west of the West Pit include: hole DLM22-404W, which intersected 2.3 g/t gold over 88.2 metres at 806 metres depth, including 3.6 g/t gold over 45.1 metres at 822 metres depth; hole DLM22-446, which intersected 1.0 g/t gold over 53.0 metres at 691 metres depth and 2.1 g/t gold over 37.0 metres at 739 metres depth; hole DLM22-451, which intersected 1.8 g/t gold over 22.3 metres at 684 metres depth, and 1.0 g/t gold over 71.0 metres at 753 metres depth; and hole DLM22-422W, which intersected 13.1 g/t gold over 9.2 metres at 689 metres depth.
Continued drilling along the West Pit Extension has been encouraging, with mineralization occurring both within the Chloritic Greenstone (CG) unit, a marker horizon associated with mineral reserves and mineral resources in both the Main Pit and West Pit, and within altered mafic pillow flows, below and footwall to the CG unit, which is similar in nature to the mineralized zones in the West Pit.
In the first half of 2022, drilling intersected wide zones of mineralization with some containing high grade inclusions. In addition to holes highlighted in the July 27, 2022 news release (DLM22-448, which returned 32.3 g/t gold over 4.8 metres at 955 metres depth and hole DLM22-453, which returned 6.0 g/t gold over 5.6 metres at 940 metres depth and 4.9 g/t gold over 3.7 metres at 1,019 metres depth), hole DLM22-469 intersected 5.8 g/t gold over 13.1 metres at 917 metres depth, including 24.5 g/t gold over 2.6 metres at 913 metres depth; hole DLM-22-471 intersected 0.9 g/t gold over 30.3 metres at 951 metres depth and hole DLM22-430A intersected 3.6 g/t gold over 7.3 metres at 669 metres depth.
Results obtained during the first half of 2022 after the closure of the database on February 5, 2022, combined with results during the second half of 2022, are expected to have a positive impact on the mineral reserves and mineral resources estimate for the open pit at year-end 2022.
In addition, continued success in extending the mineralized zone outside of the pit towards the west is expected to result in an initial mineral resource estimate at year-end 2022 that would be the basis for potential underground mining scenarios. As part of the ongoing optimization of the Detour Lake mine, an evaluation of the underground potential has been initiated and is expected to be completed by year-end 2023.
Regional drilling planned at Detour Lake for the remainder of 2022 includes targets further west along the Sunday Lake Deformation Zone and the West Pit Extension. These targets have been optimized by the completion of ground geophysical surveying in the second quarter of 2022 which surveyed a 105 kilometre grid west and north of Hopper Lake along main structural trends. Investigative drilling East of the Main Pit is also planned to gather new geological information at depth in relatively untested ground.
As set out in the news release of July 27, 2022, the Company increased the mineral reserves at Detour Lake by 38% as at March 31, 2022 compared to the mineral reserves as at December 31, 2021.
At March 31, 2022, the Detour Lake mine is estimated to contain proven mineral reserves of 77.6 million tonnes grading 1.12 g/t gold for approximately 2.8 million ounces of gold and probable mineral reserves of 757.5 million tonnes grading 0.72 g/t gold for approximately 17.6 million ounces of gold.
Detour Lake's measured mineral resources totaled 1.3 million ounces of gold (27.8 million tonnes grading 1.44 g/t gold) and indicated mineral resources totaled 12.9 million ounces of gold (562.3 million tonnes grading 0.71 g/t gold) at March 31, 2022. In addition, Detour Lake contained inferred mineral resources of 1.8 million ounces of gold (75.2 million tonnes grading 0.75 g/t gold) at March 31, 2022.
Macassa and AK Deposit – Underground Drilling at Macassa Intersects High Grade Gold Mineralization on Four Mine Levels; New Exploration Ramp Provides Platform to Test AK Deposit from Underground; AK Surface Drilling Completed to Support Underground Project Development
With the completion of the Merger, Agnico Eagle's land position in the Kirkland Lake area of northeastern Ontario is now centered around the Macassa mine and covers over 29,469 hectares (approximately 35 kilometres long by up to 17 kilometres wide) of this prolific mining district. The Company's assets within the camp include the Macassa mine, the adjacent AK deposit, the Upper Beaver and Upper Canada deposits farther east as well as several other occurrences and adjacent joint venture interests.
This year at Macassa, the Company expects to spend approximately $20.3 million to develop exploration drifts to support 99,850 metres of capitalized drilling to expand mineral resources and $18.9 million for 89,700 metres of exploration drilling to investigate the South Mine Complex and Main Break along strike and at depth as well as the development of an exploration drift to support drilling and access to the AK deposit.
In the first half of 2022, the Company completed approximately 49,578 metres of underground drilling at Macassa, using up to nine underground drills on the 3400, 5100, 5300 and 5800 levels.
Selected recent drill intercepts from Macassa and AK are set out in a table in the Appendix and in the composite longitudinal sections below.
[Macassa Mine and AK Deposit – Composite Longitudinal Section]
[AK Deposit – Composite Longitudinal Section]
Drilling from the 3410 Incline targeted an underexplored area of the '04/Main Break west of historic mining areas.
The 5100 level drill program is targeting the '04 Break west of the Amikougami Cross Fault where little historic drilling was completed. At the end of the second quarter, a total of 6,863 metres of drilling had been completed in 16 holes, with hole 51-656 returning 3.7 g/t gold over 2.3 metres at 1,506 metres depth.
Drilling on the 5300 level was focused on extending and infilling the South Mine Complex to the east, with 13,009 metres of drilling completed in 36 holes during the first half of 2022. This program continues to see favourable results from both the extension and infill drilling with highlights including: 62.7 g/t gold over 2.0 metres at 1,635 metres depth in infill hole 53-4587; 47.3 g/t gold over 2.0 metres at 1,834 metres depth and 41.8 g/t gold over 2.0 metres at 1,841 metres depth in infill hole 53-4581; 14.2 g/t gold over 2.0 metres at 1,659 metres depth in extension hole 53-4552; and 14.1 g/t gold over 2.0 metres at 1,784 metres depth in extension hole 53-4544. Development advanced 185 metres in the first half of 2022 and included the excavation of two diamond drill bays.
Drilling on the 5300 level was also focused on extending and infilling the Lower South Mine Complex and South Mine Complex West. During the first half of 2022, a total of 6,477 metres of drilling was completed in 14 holes into these two targets, with highlights that include: 12.2 g/t gold over 2.0 metres (core length) at 1,946 metres depth in hole 53-4578 in the Lower South Mine Complex; and 30.9 g/t gold over 2.1 metres (core length) at 1,639 metres depth in hole 53-4580 in the South Mine Complex West.
Drilling from the 5807 Decline mainly tested the Deep Main Break east of Shaft #4 below the Kirkland Minerals property. Exploration development continued to advance in the first half of 2022 with 120 metres completed. At the end of the second quarter of 2022, a total of 11,040 metres of drilling had been completed in 21 holes, with highlights that include: 17.5 g/t gold over 2.0 metres at 2,362 metres depth in hole 58-730; 20.5 g/t gold over 1.7 metres at 2,211 metres depth in hole 58-723; and 12.7 g/t over 2.0 metres (core length) at 1,831 metres depth in hole 58-721. Drilling into this target will continue for the remainder of the year as development continues.
AK Deposit
Following completion of the Merger, the Company initiated development of an exploration decline from the existing near surface ramp infrastructure at Macassa to provide platforms to test the AK deposit from underground.
Mineralization at the AK deposit is generally vertical and controlled by quartz-carbonate veinlet envelopes that pinch and swell vertically and laterally, varying from 1 to 15 metres in thickness with local high grade, visible gold intercepts.
Out of a planned 982 metres, a total of 809 metres of exploration ramp development has been completed to date, including the excavation of five new underground drill platforms.
An underground diamond drilling program commenced in May 2022 and, by the end of the second quarter of 2022, a total of 3,068 metres of drilling from three platforms had been completed, testing the continuity of the higher-grade area of the AK deposit. Recent highlights from this underground program include: 14.1 g/t gold over 6.5 metres at 222 metres depth in hole KLAK-010; and 23.9 g/t gold over 2.0 metres at 112 metres depth in hole KLAK-011. This phase of the underground program at AK is on schedule for completion late in the fourth quarter of 2022.
Resource conversion drilling was also conducted from surface into the AK deposit, with 48 drill holes totalling 12,692 metres completed during the first half of 2022.
The surface infill drilling confirmed the grade, continuity and thickness of the higher-grade portions of the mineralized panel at AK. Recent highlights include hole KLAKC22-162 returning 8.7 g/t gold over 7.6 metres at 146 metres depth; and hole KLAKC22-152 returning 12.9 g/t gold over 12.6 metres at 171 metres depth.
Several deeper holes drilled into AK from the surface also returned positive results, including: hole KLAKC22-163W2, which intersected 18.3 g/t gold over 2.4 metres at 407 metres depth; and hole KLAKC22-166W2, which intersected 13.0 g/t gold over 2.5 metres at 496 metres depth.
The recent drill results from surface and underground will provide additional information for the technical evaluation of the AK deposit with an expected inclusion of AK mineralization in the mine's mineral reserves in 2023.
Once drilling from underground is advanced at AK, the Company will consider developing into the AK deposit and conducting a bulk sample. The AK deposit has the potential to be beneficial to the Macassa mine operation by providing a near surface, ramp accessible source of ore to supplement underground production.
The further expansion potential of the AK deposit is now being assessed, as the elimination of property boundaries as a result of the Merger simplifies targeting and exploration in the eastern extension of the deposit.
Regional exploration will also benefit from the recent land consolidation resulting from the Merger. The historic Main Break deposit of Kirkland Lake, where over 25 million ounces of gold have been produced historically, is now consolidated from its most western known extension at Macassa to the past-producing Sylvanite mine.
The Company has applied to obtain an Exploration License of Occupation for the Toburn mine, the easternmost past-producer on the Main Break. If granted this exploration license will permit the Company to carry out a comprehensive interpretation of the Main Break orebody and identify exploration targets similar to the South Mine Complex-type mineralization east of current mining operations at Macassa.
Upper Beaver – Resource Conversion Drilling Completed and New Target Areas Being Tested Outside the Mineral Resources Footprint
The Upper Beaver deposit is a gold-copper rich orebody that contains both vein and replacement-style mineralization. It extends from surface to approximately two kilometres below surface and remains open at depth. Gold mineralization occurs either as free/visible gold that is relatively common throughout the deposit or associated with sulphides. Copper mineralization occurs predominantly as chalcopyrite and occasionally as bornite in disseminations or in stringers/stockwork veinlets.
A total of 30 holes for 14,292 metres were drilled at the Upper Beaver project during the first half of 2022.
Selected recent drill intercepts from Upper Beaver set out in a table in the Appendix and in the composite longitudinal section below.
[Upper Beaver – Composite Longitudinal Section]
The recently completed resource conversion drilling program at Upper Beaver achieved multiple objectives that will benefit the technical evaluation and mineral reserve and mineral resource update expected in 2023. Among them, the recent drilling filled in gaps in the eastern portion of the Footwall Zone mineralized corridor, located between 800 and 1,000 metres below surface. Highlight intercepts include 16.7 g/t gold over 7.0 metres at 865 metres depth in hole KLUB22-751W3 and 12.4 g/t gold over 9.0 metres at 920 metres depth in hole KLUB21-137W5.
An increase in mineral resources is expected from this newly drilled gap area where no information was available for previous mineral resource estimates for Upper Beaver.
In addition, all drill holes targeting the gap areas of the Footwall Zone provided the opportunity to add drilling intercepts in the main Porphyry Zone, resulting in tighter spacing and increased confidence in the shape and continuity of the zone. For example, hole KLUB22-137W5, reported above, also returned 5.0 g/t gold over 14.1 metres in the Porphyry Zone at 839 metres depth.
Deeper conversion drilling also returned results confirming grades and thicknesses for both the Porphyry and Footwall zones of the Upper Beaver deposit. Hole KLUB21-328W11 returned 4.7 g/t gold and 0.3% copper over 7.0 metres at 1,550 metres depth in the Porphyry Zone and hole KLUB21-328W15 returned 8.8 g/t gold and 0.5% copper over 12.0 metres at 1,600 metres depth in the Footwall Zone.
With the resource conversion drilling completed, the focus of drilling at Upper Beaver has shifted outside of the mineral resources footprint to identify areas of potential future mineral resource growth and two areas have already delivered promising results.
Approximately 500 metres east of the main Upper Beaver deposit, hole KLUB22-172E intersected veining and alteration typical of the mineralization observed at Upper Beaver and assays returned 3.6 g/t gold and 1.1% copper over 1.2 metres (core length) at 1,550 metres depth. Follow-up hole KLUB22-172W2 returned 11.3 g/t gold and 0.1% copper over 0.7 metres (core length) at 1,464 metres depth in the same area, and more drilling is underway to further assess this new discovery.
To the west and approximately 800 metres north of the main Upper Beaver deposit, hole KLUB22-768 intersected low-angle veining with visible gold returning 11.5 g/t gold over 5.5 metres (core length) at 618 metres depth and 51.5 g/t gold over 5.2 metres (core length) at 629 metres depth. This mineralization is interpreted as the possible faulted and offset extension of the known North Basalt zone. Exploration drilling is ongoing to define the geometry of this new mineralization.
Regional exploration activity in the greater Upper Beaver area includes diamond drilling, geophysical and geochemical surveying, mapping and prospection. The objective is to develop additional mill feed for a future Upper Beaver mining operation, which includes target areas such as Upper Canada, Anoki-McBean, Munro and Bidgood.
NUNAVUT REGION
Agnico Eagle has identified Nunavut as a politically attractive and stable jurisdiction with enormous geological potential. With the Company's Meliadine mine and Meadowbank complex (including the Amaruq satellite deposit), together with the Hope Bay project and other exploration projects, Nunavut is a strategic operating platform that builds on the Company's established infrastructure, access roads, procurement synergies and the region's tremendous geological potential, with the ability to generate strong gold production and cash flows over several decades.
Meliadine – Significant Exploration and Conversion Results from Pump Deposit Near Surface and Down-Plunge at Depth
The Meliadine property includes seven gold deposits, six of which are part of the current mine plan. Tiriganiaq is the largest of the deposits with a strike length of approximately 3.0 kilometres at surface and a known depth of 812 metres.
Exploration during the first half of 2022 at the Meliadine mine site and surrounding areas totaled 35,606 metres, with work focused on three areas: deep exploration and conversion drilling at the Pump deposit, infill drilling of inferred mineral resources at depth in the Wesmeg and Tiriganiaq deposits and exploration drilling at the F-Zone deposit.
Selected recent exploration drill intercepts from the Pump deposit at the Meliadine property are set out in a table in the Appendix and in the plan map and composite longitudinal section below.
[Meliadine Mine – Plan Map & Pump Composite Longitudinal Section]
During the first half of 2022 at the Pump deposit, the Company completed 51 holes from surface totalling 16,890 metres to convert and expand the mineral resources at the Pump South and North zones.
The positive results from infill drilling at shallow depth into the Pump South Zone are expected to convert a portion of inferred mineral resources into indicated mineral resources in the eastern (main) ore plunge. Highlights include: hole M22-3364, which intersected 6.5 g/t gold over 4.1 metres at 143 metres depth; and hole M22-3361, drilled 36 metres to the east, which intersected 11.7 g/t gold over 4.2 metres at 125 metres depth. Other notable infill drilling results include hole M22-3362, drilled 51 metres further east, which returned 6.4 g/t gold over 5.4 metres at 76 metres depth; and hole M22-3360, drilled 93 metres east of hole M22-3364, which returned 9.4 g/t gold over 3.0 metres at 87 metres depth.
Approximately 200 metres deeper down-plunge in the same gold-mineralized oreshoot, hole M22-3380A intersected 9.3 g/t gold over 4.2 metres at 328 metres depth. Hole M22-3382A, drilled 33 metres to the east, intersected 7.7 g/t gold over 5.0 metres at 321 metres depth and hole M22-3384, drilled 80 metres east of hole M22-3364, intersected 20.4 g/t gold over 3.7 metres at 339 metres depth. These holes are expected to convert inferred mineral resources located between two substantial areas of indicated mineral resources.
In 2021, the exploration drilling program identified an important mineral inventory at the limits of the mineral resource along the main plunge. This year's follow-up drilling program has confirmed the grade, thickness and continuity of this new mineralized zone. Hole M22-3391, which returned 18.8 g/t gold over 5.3 metres at 565 metres depth, is expected to extend the inferred mineral resources down plunge. Hole M22-3401, drilled into inferred mineral resources located 106 metres to the east, returned 10.1 g/t gold over 5.0 metres at 488 metres depth.
Drilling of the Pump North and Pump South targets is planned to resume next winter. An internal study is underway of the underground portion of the Pump deposit and is due for completion in early 2023.
Elsewhere on the Meliadine property in the first half of 2022, a total of 18,716 metres of exploration and conversion drilling was carried out in Tiriganiaq and Wesmeg deposits from the newly developed exploration drift as well as from surface in the F-Zone deposit.
Based on recent success of the exploration programs at Meliadine in the first half of 2022, $6 million of the additional $30 million in exploration expenditure will be dedicated to drill an additional 40,000 metres to support mineral resources to mineral reserves conversion and the addition of mineral resources in the extensions of the known deposits.
Meadowbank – Infill Drilling at Whale Tail Underground Confirms Grade and Width of Stopes with Underground Production to Ramp Up in the Second Half of 2022; Exploration Drilling in Gap Between IVR Pit and IVR Underground Returns Positive Results; Deep Drilling Campaign Underway Below Whale Tail, IVR and Mammoth
The exploration program at Amaruq in 2022 is budgeted at $19.5 million for a planned 61,800 metres of exploration and conversion drilling, with 31,996 metres of drilling completed during the first half of 2022.
The exploration drilling in 2022 has several objectives: completing definition drilling of mineral resources to allow evaluation for possible Whale Tail Pit extension at its western end toward the Mammoth prospect as well as extending mineral resources at depth in the Whale Tail, IVR and Mammoth deposits; below the IVR pit, testing a gap between the open pit and the underground mineral resources; and continuing delineation drilling in the underground mine in the Whale Tail deposit to confirm the final shapes of stopes as production will gradually ramp up in the second half of 2022.
Selected recent drill intercepts from the exploration and conversion drilling at Amaruq are set out in a table in the Appendix and in the composite longitudinal section below.
[Meadowbank Complex – Amaruq Composite Longitudinal Section]
Underground infill drilling in the Whale Tail deposit during the first half of 2022 has increased confidence in the geological modelling of the deposit and better defined the stopes that are scheduled for production during the second half of 2022.
Highlights from this infill drilling include: hole AMQ-290-200-F1 returning 5.2 g/t gold over 7.2 metres at 285 metres depth and 5.5 g/t gold over 20.8 metres at 284 metres depth; hole AMQ-320-200-U1 returning 5.6 g/t gold over 27.0 metres at 305 metres depth; hole AMQ-320-201-U1 returning 3.4 g/t gold over 25.2 metres at 299 metres depth; hole AMQ-320-204-F1 returning 6.3 g/t gold over 20.0 metres at 314 metres depth; and hole AMQ-320-205-U1A returning 9.3 g/t gold over 21.2 metres at 282 metres depth.
Drilling into the gap between the IVR pit and the underground IVR mineral resources intersected significant mineralization that will likely contribute to increased mineral resources and the conversion of inferred mineral resources into indicated mineral resources in the upper portion of the underground IVR mineral resources. Highlights from this drilling include 6.8 g/t gold over 5.9 metres at 223 metres depth in hole AMQ21-2729, 5.3 g/t gold over 8.1 metres at 352 metres depth in hole AMQ21-2707A, 5.4 g/t gold over 9.5 metres at 296 metres depth in hole AMQ21-2745 and 20.3 g/t gold over 5.1 metres at 336 metres depth in hole AMQ21-2728A.
Drilling along the western limits of the IVR deposit resulted in highlights such as 13.5 g/t gold over 5.2 metres at 360 metres depth and 7.3 g/t gold over 3.3 metres at 401 metres depth in hole AMQ21-2690A. In the central portion of the IVR deposit, conversion hole AMQ21-2680 returned 6.0 g/t gold over 22.4 metres at 391 metres depth.
A deep drilling campaign began at Amaruq in late April with the objective of extending underground mineral resources under the Whale Tail, IVR and Mammoth known orebodies. To date, two deep holes at Whale Tail and two others at Mammoth were completed and intersected the targeted mineralized horizons, with all results pending. Drilling is also ongoing at IVR at depth where the deposit remains open.
Hope Bay – Drilling Tests Extensions of High-Grade Zones at Doris; Larger Production Scenarios Continue to be Evaluated
On February 18, 2022, the Company announced that it decided to maintain the suspension of production activities at the Hope Bay mine in order to dedicate the infrastructure of the Hope Bay site to exploration activities. Infrastructure work for water treatment and camp maintenance is also underway while the Company is studying larger production scenarios integrating the most recent results and the progress of the ongoing exploration campaign.
The exploration program is continuing to ramp up at Hope Bay, with 136 drill holes totalling 46,658 metres completed from surface and underground during the first half of 2022. Three drill rigs are now operating underground at the Doris deposit, three drill rigs are targeting deep extensions of the Doris deposit from surface and a seventh surface drill rig is operating at the Madrid deposit.
Doris Deposit
During the first half of 2022 at the Doris deposit, three drill rigs operating underground explored extensions of the BTD Extension, BTD Connector, Connector, Central and West Valley zones, and three drill rigs at surface tested deep extensions of the BTD Connector and BTD Central zones.
Selected recent drill intercepts from these zones extensions at Doris are set out in a table in the Appendix and in the composite longitudinal section below.
[Doris Deposit at Hope Bay Mine – Composite Longitudinal Section]
Drill results continue to demonstrate the excellent potential to grow the Doris deposit at depth below the dike in the BTD Extension and BTD Connector zones, and in the West Valley Zone above the dike to the south.
Drilling in the northernmost portion of the BTD Extension Zone has confirmed that the main hinge zone extends further north. Recent highlights include 20.9 g/t gold over 2.3 metres at 344 metres depth in hole HBDBE22-50888 and 20.9 g/t gold over 3.5 metres at 327 metres depth in hole HBDBE22-50886. Follow up drilling is ongoing in this area.
Drilling in the BTD Connector Zone has continued to confirm the northern and southern extensions of the West Limb and has extended the East Limb at depth. Recent highlights from BTD Connector include hole HBD22-036, which intersected 6.9 g/t gold over 32.2 metres at 495 metres depth, including 25.9 g/t gold over 5.0 metres at 494 metres depth; hole HBD22-030, which intersected 12.2 g/t gold over 7.1 metres at 492 metres depth; and hole HBD22-026, which intersected 20.4 g/t gold over 3.3 metres at 550 metres depth.
Drilling in the West Valley Zone has confirmed the extension of the zone by 77 metres to the south and above the dike, and the zone appears to continue into a gap of drilling immediately below the 210-metre level. Highlights from this drilling include; 25.4 g/t gold over 3.0 metres at 286 metres depth and 21.6 g/t gold over 3.1 metres at 292 metres depth in hole HBDWV22-50979; and 25.2 g/t gold over 3.4 metres at 250 metres depth and 14.1 g/t gold over 3.3 metres at 258 metres depth in hole HBDWV22-50953.
The results further demonstrate the potential to significantly grow the Doris mineral resources to support the development of additional underground exploration drifts and platforms to further confirm the size, shape and grade of these high-grade mineralized zone extensions.
During the second half of 2022 at Doris, work will continue extending the exploration drifts and investigating the deposit from underground and surface drill rigs.
Madrid Deposit
During the first half of 2022 at the Madrid deposit, one surface drill rig was in operation and mainly targeting the inflexion zone in the Naartok East area and the vertical extension of the Suluk zone.
The first result from the 2022 campaign at Madrid was from hole HBM22-040, which was drilled outside the Naartok East inflexion zone and intersected 7.0 g/t over 7.0 metres at 385 metres depth. Results from Suluk are pending.
During the second half of 2022, two drill rigs are planned to be in operation at Madrid targeting the Suluk vertical extension and the Naartok East Zone at greater depth.
The Suluk drilling will follow-up on two historical holes (HB03PMD225 and HBTMMSU-19-00023) that respectively returned 5.6 g/t over 9.0 metres at 540 metres depth and 10.8 g/t over 4.4 metres at 698 metres depth. These two holes are the deepest intersections of the Suluk Zone to date, and the zone remains open in all directions.
The Naartok East "below the dike" drilling will target areas below a barren (non gold-bearing) diabase dike where previous operators had ended their exploration holes. A recent reinterpretation of the geology at Naartok East and Naartok West suggests there is potential for near-surface gold mineralization to continue below the dike in a manner similar to the geological setting at the Doris deposit.
Selected recent drill intercepts from Madrid are set out in a table in the Appendix and in the composite longitudinal section below.
[Madrid Deposit at Hope Bay Mine – Composite Longitudinal Section]
Boston Deposit
The Boston deposit is located 60 kilometres south of the Doris processing facility and is accessible by helicopter support or via a winter trail for supply and has an airstrip for small fixed-wing aircraft.
At the camp, maintenance work is underway to refurbish the various facilities prior to resuming exploration drilling activities in the area in 2023.
The Boston deposit remains open in all direction with one of the best historical results at depth returning 56.6 g/t over 8.8 metres at 1,014 metres depth, demonstrating great potential to expand this high grade deposit further in all directions. There are also several near surface high grade occurrences that have not yet been drilled. Compilation and validation of the historical exploration database at Boston is underway, and the geological and structural models for the deposit will be updated to help generate new drill targets for the 2023 campaign.
Regional field exploration
This year's regional field exploration program began in early June, with geological teams set to evaluate more than 50 showings identified by previous explorers near current infrastructure in the northern portion of the Hope Bay property. The aim of the program is to increase understanding of the structural controls on mineralization and generate regional drill targets.
Exploration Plan and Budget
Based on recent success identifying deposit extensions and discovering new mineralized zones at depth in the Doris and Madrid deposits, the Company has allocated $24 million of the additional $30 million in exploration expenditure to continue drilling and development of exploration drifts at Doris in order to accelerate exploration from underground in the high potential areas that will ease future definition drilling for mineral resources conversion and mine development for future production resumption. The Company is now expected to spend approximately $56 million at Hope Bay in 2022 to develop new exploration drifts and for surface and underground exploration drilling at Doris and for surface exploration drilling on exploration at Madrid and other regional targets along the Hope Bay greenstone belt.
Exploration at Hope Bay is expected to continue through 2023 while larger production scenarios are being evaluated.
AUSTRALIA
Agnico Eagle acquired the Fosterville mine on February 8, 2022 as a result of the Merger. As the largest gold producer in the state of Victoria, Australia, the 100% owned Fosterville mine is a high-grade underground gold mine, located 20 kilometres from the city of Bendigo. The operation features low-cost gold production, as well as extensive in-mine and district scale exploration potential.
Fosterville – Exploration Ramp Completed Reaching the Robbins Hill Deposit; Drilling Extends the Lower Phoenix Zone
The Fosterville mine is hosted by Paleozoic rocks of the Bendigo zone. Gold mineralization is associated with high grade quartz lode within a wider refractory pyrite-arsenopyrite disseminated mineralization. The 2,857 hectare Fosterville mine property is surrounded by four exploration licences totalling 107,959 hectares and by 118,384 hectares of exploration (118,300 hectares) and mine (84 hectares) lease applications. The mineralization is hosted within the Fosterville and O'Dwyer's trends, which are parallel structures that host ore shoots associated with fold closures and multiple faulting and splay features.
Near mine exploration remains the main focus at Fosterville as the deposits remains open at depth, along plunge and laterally in the Lower Phoenix and Robbins Hill zones. A primary exploration objective at Fosterville remains to investigate for high grade quartz vein structures similar to the Swan Zone within the wider sulphide-mineralized envelope in the Lower Phoenix and Robbins Hill zones.
At the Fosterville mine in 2022, the Company expects to spend approximately $57.3 million for 234,000 metres of expensed and capitalized drilling and the completion of the Robbins Hill exploration ramp. During the first half of 2022 at the Fosterville mine, expensed exploration drilling totaled 26,957 metres and capitalized conversion drilling totaled 46,792 metres.
Recent results in the Lower Phoenix Zone from the Phoenix 3912 Drill Drive returned significant results in the down plunge extension of the zone. Close to the current limit of the mineral resources, hole UDH4378 returned 31.5 g/t gold over 8.0 metres at 1,581 metres depth, including 306.8 g/t gold over 0.7 metres at 1,583 metres depth. And approximately 81 metres away from the current mineral resources limit, hole UDH4372A returned 226.2 g/t gold over 1.4 metres at 1,716 metres depth, including 420.2 g/t gold over 0.8 metres, demonstrating the potential for the addition of mineral resources. Ongoing conversion and exploration drilling is aiming to fully replace the gold ounces mined out in 2022.
The decline into the Robbins Hill is now complete and is allowing access to drill into the mineral resources area. In the down plunge extension of the Robbins Hill, hole UDR003A returned 5.1 g/t gold over 6.1 metres at 1,377 metres depth, approximately 427 metres from the current mineral resource envelope, further demonstrating potential for the addition of mineral resources. Closer to the mineral resources area, hole UDR015 returned 68.0 g/t gold over 4.9 metres at 1,106 metres depth, including 390.2 g/t gold over 0.7 metres at 1,106 metres depth, approximately 75 metres away from the current mineral resources outline. The very high gold grades intersected in hole UDR015 down-plunge of the Robbins Hill mineral resources are due to the presence of visible gold in quartz vein mineralization — a style of mineralization similar to what is seen in the Swan Zone.
The ramp will now allow ongoing infill and expansion drilling with the objective of converting mineral resources into mineral reserves by year-end 2022.
Selected recent drill results from Fosterville are set out in the table in the Appendix and in the composite longitudinal sections below.
[Fosterville Mine – Composite Longitudinal Section]
[Lower Phoenix – Composite Longitudinal Section]
FINLAND
Agnico Eagle's Kittila mine in Finland is the largest primary gold producer in Europe. An underground shaft is under construction and is expected to be commissioned in late 2022 or early 2023.
Kittila – Drilling Confirms and Extends Main and Sisar Zones in Rimpi, Roura and Suuri Areas; Mineralization Confirmed in New Target Area Below Shaft Currently Under Construction
The Kittila mine and the Suurikuusikko property are hosted by Proterozoic rocks of the Svecofennian province. Gold mineralization is refractory with the gold occurring mainly associated with arsenopyrite and pyrite within the Suurikiisikko break. The large 20,466 hectare Kittila property hosts additional parallel structures that have similarities to the Suurikuusikko main break.
Near mine exploration remains the main focus as the deposit is open at depth and laterally and exploration drilling in recent years has succeeded in deepening the Kittila mineral resources limit by approximately 560 metres to 2,100 metres depth. A primary exploration objective at Kittila is to grow and develop the Sisar Zone as a new mining horizon parallel to the producing Main Zone.
At the Kittila mine in 2022, the Company expects to spend approximately $12.4 million for 69,600 metres of drilling focused on the Main zone in the Roura and Rimpi areas as well as the Sisar zone. The drilling includes 46,800 metres of capitalized conversion drilling at the mine and 22,800 metres of expensed exploration drilling. The expensed drilling is focused on targets beyond the current mineral reserve area, especially from 1,500 to 2,000 metres depth and at shallower depths in the area north of the mine.
During the first half of 2022 at the Kittila mine, exploration drilling totaled 35 holes (18,678 metres) and conversion drilling totaled 63 holes (21,518 metres).
Selected recent drill results from Kittila are set out in the table in the Appendix and in the composite longitudinal section below.
[Kittila Mine – Composite Longitudinal Section]
Deep exploration drilling is ongoing around hole ROD15-704D (reported in February 2016) in a target area located approximately 1,700 to 1,900 metres below surface in the Sisar Zone. In early 2022, drilling confirmed the potential to extend the gold mineralization in this target area, with highlight hole RIE21-700E returning two intercepts in the Sisar Zone of 6.3 g/t gold over 13.6 metres at 1,948 metres depth (released on February 23, 2022) and 5.7 g/t gold over 3.7 metres at 1,973 metres depth (released on April 28, 2022). Newly reported hole RIE21-700F intersected 3.0 g/t gold over 3.7 metres at 1,958 metres depth within the target area, further extending the Sisar zone at depth to the north.
At shallower depths in the northernmost portion of the Sisar Zone, hole RIE21-608 intersected 6.4 g/t gold over 4.9 metres at 1,067 metres depth, demonstrating the potential for further extension of the Sisar Zone to the north.
Exploration drilling completed in the first half of 2022 in the contact area between the Suuri and Roura areas extended gold mineralization down-plunge from the Suuri area within both the Main and Sisar zones. Highlights from this target area include: hole ROU21-600, which intersected 4.3 g/t gold over 6.0 metres at 1,046 metres depth in the Main Zone; hole ROU22-600, which intersected 7.0 g/t gold over 3.1 metres at 1,120 metres depth in the Sisar Zone; and hole ROU22-603, which intersected 5.3 g/t gold over 4.7 metres at 1,206 metres depth in the Sisar Zone.
Positive exploration results were also achieved further north in the Roura area. In the Main Zone, highlight intersections include 3.1 g/t gold over 7.7 metres at 1,058 metres depth and 4.8 g/t gold over 3.2 metres at 1,087 metres depth in hole ROD21-711B; 3.6 g/t gold over 6.2 metres at 1,057 metres depth in hole ROU22-605; and 3.7 g/t gold over 5.6 metres at 1,048 metres depth in hole ROD21-707. In the Sisar zone, hole ROD21-705 returned 5.2 g/t gold over 3.0 metres at 1,402 metres depth.
Exploration drilling is also ongoing in the deepest portion of the Suuri area in proximity to the proposed bottom of the new shaft currently under construction. In the Sisar Zone highlights from the first half of 2022 include 4.2 g/t gold over 4.7 metres at 1,121 metres depth in hole SUU22-600 and 3.8 g/t gold over 4.9 metres at 1,366 metres depth in hole SUU22-601. These intercepts have extended Suuri at depth, where mineralization in both the Main and Sisar zones remains open at depth and to the north and south.
MEXICO
Agnico Eagle's operations in Mexico have been a solid source of precious metals production (gold and silver) since 2009.
Pinos Altos – Drilling at Cubiro and Pinos Altos Deep Confirms and Extends High-Grade Gold Mineralization
At the Pinos Altos mine in 2022, the Company expects to spend approximately $4.3 million for 22,400 metres of drilling, including 17,400 metres of exploration expensed drilling and 5,000 metres of definition capitalized drilling.
Exploration drilling during the first half of 2022 focused on two targets: the Cubiro deposit, located nine kilometres northwest of the Pinos Altos mine site; and the deep extensions of the Cerro Colorado and Oberon de Weber zones at the Pinos Altos mine. The expensed exploration drilling totaled 7,671 metres and definition and conversion drilling totaled 2,238 metres.
At Cubiro, infill drilling was undertaken on the western part of the main Cubiro corridor. Exploration was also conducted to confirm and extend the North Cubiro structure laterally towards the southeast, leading to the discovery of a new mineralized ore shoot with a highlight result of 2.2 g/t gold and 24 g/t silver over 11.0 metres at 210 metres depth, including 10.0 g/t gold and 73 g/t silver over 2.7 metres in hole CBUG-22-175.
At the Pinos Altos Deep project, exploration holes were drilled in the vertical extension of the Cerro Colorado and Oberon de Weber zones, with the aim of extending structures at depth below the lowest production level. Highlights include 3.1 g/t gold and 301 g/t silver over 11.6 metres at 649 metres depth, including 4.1 g/t gold and 679 g/t silver over 5.8 metres at 648 metres depth in hole UG22-283.
Exploration at Pinos Altos will continue to investigate extensions of known mineralized zones and test new targets for the remainder of 2022.
Selected recent intercepts from drilling at the Cubiro deposit and the Pinos Altos Deep project at the Pinos Altos mine are set out in the table in the Appendix and in the plan map and composite longitudinal sections below.
[Pinos Altos Mine – Cubiro and Pinos Altos Plan Map]
[Pinos Altos Mine – Pinos Altos Composite Longitudinal Section]
[Pinos Altos Mine – Cubiro Composite Longitudinal Section]
La India – Drilling in Main Zone Shows Potential to Enlarge Open Pit to the West; Regional Exploration at La India Remains Focused on Chipriona Deposit and Other Sulphide Opportunities
At the La India mine in 2022, the Company expects to spend approximately $2.8 million for 13,000 metres of expensed exploration drilling near the mine and $3.0 million for 5,000 metres of expensed regional exploration drilling, field work including geological sampling, and new target generation.
Exploration drilling during the first half of 2022 had two objectives: testing the western extension of the Main Zone, with expensed exploration drilling totalling 5,412 metres (46 drill holes); and conducting infill drilling in the Chipriona deposit totalling 10,026 metres (58 drill holes). Regional exploration of early stage targets totaled another 5,038 metres (20 drill holes).
In the Main Zone, recent drilling has demonstrated a potential opportunity to enlarge the open pit towards an extension on the western fringe of the pit, with a recent highlight intersection of 1.1 g/t gold over 31.4 metres at 113 metres depth in hole INMRC22-2512.
Infill drilling at Chipriona continued to return high grade polymetallic mineralization throughout the deposit, with recent highlight intersections in hole CHP22-134 of 8.6 g/t gold, 452 g/t silver, 0.29% lead and 0.49% zinc over 14.5 metres at 139 metres depth, including 37.1 g/t gold, 1,520 g/t silver, 0.18% lead and 0.41% zinc over 3.0 metres at 134 metres depth. The Company is evaluating further drilling at Chipriona along strike to grow the mineral resources as it continues to study options to process sulphide ore at La India.
In regional exploration at La India, the Company continued to investigate for new oxide and sulphide mineralization targets including La Rocossa, Los Pinos, Ramona and Tres de Mayo.
Selected recent drill intercepts from the Main Zone and Chipriona deposit are set out in the table in the Appendix and in the plan map below.
[La India Mine – Chipriona Geology Plan Map]
Santa Gertrudis – Infill Drilling Program Targets Wide, Shallow Oxide Mineralization in Multiple Targets; Regional Exploration Grows Shallow Oxides and Investigates Potential for High-Grade Feeder System at Depth
At the Santa Gertrudis project in 2022, the Company expects to spend approximately $13.9 million for 43,150 metres of drilling, including 16,500 metres of infill drilling in the Cristina deposit and the series of deposits in the Zona Central trend as well as 26,650 metres of exploration drilling in several deposits including Amelia and Santa Teresa with a focus on growing mineral resources.
During the first half of 2022 at Santa Gertrudis, exploration drilling totaled 56 holes (26,780 metres) and infill drilling totaled 160 holes (14,712 metres).
Infill drilling completed in the first half of 2022 targeted shallow oxide mineralization in several deposits: Zona Central, Corridor Corral, Escondida, Greta and Cristina to advance scenarios to initiate mining in the oxide mineralization. Drilling at Cristina returned near-surface, broad intercepts of oxide mineralization. Highlights include 1.1 g/t gold over 54.8 metres at 59 metres depth in hole SG21-048 and 0.8 g/t gold over 34.0 metres at 45 metres depth in hole SG22-179.
Exploration drilling continued on several deposits during first half of 2022. At the Santa Teresa deposit, shallow oxide mineralization continued to grow with highlight results of 1.4 g/t gold over 9.6 metres at 123 metres depth in hole SGE22-567. At the Amelia deposit, exploration in the eastern, western and deep fringes of the deposit continued with highlight results of 5.3 g/t gold over 6.1 metres at 842 metres depth in hole SGE21-524. Elsewhere on the property, exploration continued to investigate for a high-grade feeder system below several shallow deposits including Toro, Centauro and Bertha with a highlight of 10.0 g/t gold over 6.1 metres at 72 metres depth in hole SGE21-525 in the Toro deposit.
Exploration at the Santa Gertrudis property for the rest of the year will continue the investigation by drilling of several targets generated by field work with the objective of growing the mineral resources while different scenarios for future project development are being considered.
Selected recent drill results from the Santa Gertrudis project are set out in a table in the Appendix and in the local geology map below.
[Santa Gertrudis Project – Local Geology Map]
About Agnico Eagle
Agnico Eagle is a senior Canadian gold mining company, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States and Colombia. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. The Company was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.
Further Information
For further information regarding Agnico Eagle, contact Investor Relations at info@agnicoeagle.com or call (416) 947-1212.
Forward-Looking Statements
The information in this news release has been prepared as at August 11, 2022. Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under the provisions of Canadian provincial securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, that address circumstances, events, activities or developments that could, or may or will occur are forward looking statements. When used in this news release, the words "anticipate", "could", "estimate", "expect", "forecast", "future", "plan", "possible", "potential", "will" and similar expressions are intended to identify forward-looking statements. Such statements include, without limitation: the Company's forward-looking guidance, including metal production, estimated ore grades, recovery rates, project timelines, drilling results and life of mine estimates; the estimated timing and conclusions of technical studies and evaluations; the methods by which ore will be extracted or processed; statements concerning the Company's expansion plans at Detour, Kittila, Meliadine Phase 2, the Amaruq underground project and the Odyssey project, including the timing, funding, completion and commissioning thereof and production therefrom; statements about the Company's plans at the Hope Bay mine; statements concerning other expansion projects, recovery rates, mill throughput, optimization and projected exploration, including costs and other estimates upon which such projections are based; estimates of future mineral reserves, mineral resources, mineral production and sales; the projected development of certain ore deposits, including estimates of exploration, development and production and other capital costs and estimates of the timing of such exploration, development and production or decisions with respect to such exploration, development and production; estimates of mineral reserves and mineral resources and the effect of drill results on future mineral reserves and mineral resources; statements regarding the Company's ability to obtain the necessary permits and authorizations in connection with its proposed or current exploration, development and mining operations and the anticipated timing thereof; statements regarding operations at and expansion of the Kitilla mine; statements regarding anticipated future exploration; the anticipated timing of events with respect to the Company's mine sites; and statements regarding anticipated trends with respect to the Company's operations, exploration and the funding thereof. Such statements reflect the Company's views as at the date of this news release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward looking statements contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and in management's discussion and analysis ("MD&A") and the Company's Annual Information Form ("AIF") for the year ended December 31, 2021 filed with Canadian securities regulators and that are included in its Annual Report on Form 40-F for the year ended December 31, 2021 ("Form 40-F") filed with the U.S. Securities and Exchange Commission (the "SEC") as well as: that governments, the Company or others do not take additional measures in response to the COVID-19 pandemic or otherwise that, individually or in the aggregate, materially affect the Company's ability to operate its business; that cautionary measures taken in connection with the COVID-19 pandemic do not affect productivity; that measures taken relating to, or other effects of, the COVID-19 pandemic do not affect the Company's ability to obtain necessary supplies and deliver them to its mine sites; that there are no significant disruptions affecting operations; that production, permitting, development, expansion and the ramp up of operations at each of Agnico Eagle's properties proceeds on a basis consistent with current expectations and plans; that the relevant metal prices, foreign exchange rates and prices for key mining and construction supplies (including labour) will be consistent with Agnico Eagle's expectations; that Agnico Eagle's current estimates of mineral reserves, mineral resources, mineral grades and metal recovery are accurate; that there are no material delays in the timing for completion of ongoing growth projects; that seismic activity at the Company's operations at LaRonde, Goldex and other properties is as expected by the Company; that the Company's current plans to optimize production are successful; and that there are no material variations in the current tax and regulatory environment. Many factors, known and unknown, could cause the actual results to be materially different from those expressed or implied by such forward looking statements. Such risks include, but are not limited to: the extent and manner to which COVID-19, and measures taken by governments, the Company or others to attempt to reduce the spread of COVID-19, may affect the Company, whether directly or through effects on employee health, workforce productivity and availability (including the ability to transport personnel to fly-in/fly-out camps), travel restrictions, contractor availability, supply availability, ability to sell or deliver gold dore bars or concentrate, availability of insurance and the cost thereof, the ability to procure inputs required for the Company's operations and projects or other aspects of the Company's business; uncertainties with respect to the effect on the global economy associated with the COVID-19 pandemic and measures taken to reduce the spread of COVID-19, any of which could negatively affect financial markets, including the trading price of the Company's shares and the price of gold, and could adversely affect the Company's ability to raise capital; the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, project development, capital expenditures and other costs; foreign exchange rate fluctuations; financing of additional capital requirements; cost of exploration and development programs; seismic activity at the Company's operations, including the LaRonde complex and Goldex mine; mining risks; community protests, including by First Nations groups; risks associated with foreign operations; governmental and environmental regulation; the volatility of the Company's stock price; and risks associated with the Company's currency, fuel and by-product metal derivative strategies. For a more detailed discussion of such risks and other factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release, see the AIF and MD&A filed on SEDAR at www.sedar.com and included in the Form 40-F filed on EDGAR at www.sec.gov, as well as the Company's other filings with the Canadian securities regulators and the SEC. Other than as required by law, the Company does not intend, and does not assume any obligation, to update these forward-looking statements.
Notes to Investors Regarding the Use of Mineral Resources
The mineral reserve and mineral resource estimates contained in this news release have been prepared in accordance with the Canadian securities administrators' (the "CSA") National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
For United States reporting purposes, the SEC adopted amendments to its disclosure rules (the "SEC Modernization Rules") to modernize the mining property disclosure requirements for issuers whose securities are registered with the SEC under the United States Securities Exchange Act of 1934, as amended (the "Exchange Act"), which became effective February 25, 2019. The SEC Modernization Rules more closely align the SEC's disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards, including NI 43-101, and replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7. Issuers were required to comply with the SEC Modernization Rules in their first fiscal year beginning on or after January 1, 2021, though Canadian issuers that report in the United States using the Multijurisdictional Disclosure System ("MJDS") may still use NI 43-101 rather than the SEC Modernization Rules when using the SEC's MJDS registration statement and annual report forms. Accordingly, mineral reserve and mineral resource information contained in this news release may not be comparable to similar information disclosed by United States companies.
As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources." In addition, the SEC has amended definitions of "proven mineral reserves" and "probable mineral reserves" in the SEC Modernization Rules, with definitions that are substantially similar to those used in NI 43-101.
Investors are cautioned that while the SEC now recognizes "measured mineral resources", "indicated mineral resources" and "inferred mineral resources", investors should not assume that any part or all of the mineral deposits in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. These terms have a great amount of uncertainty as to their economic and legal feasibility. Under Canadian regulations, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in limited circumstances. Investors are cautioned not to assume that any "measured mineral resources", "indicated mineral resources", or "inferred mineral resources" that the Company reports in this news release are or will be economically or legally mineable.
Further, "inferred mineral resources" have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that any part or all of an inferred mineral resource will ever be upgraded to a higher category.
The mineral reserve and mineral resource data set out in this news release are estimates, and no assurance can be given that the anticipated tonnages and grades will be achieved or that the indicated level of recovery will be realized. The Company does not include equivalent gold ounces for by-product metals contained in mineral reserves in its calculation of contained ounces and mineral reserves are not reported as a subset of mineral resources.
Scientific and Technical Information
The scientific and technical information contained in this news release relating to exploration, mineral reserves and mineral resources have been approved by Guy Gosselin, Eng. and P.Geo., Executive Vice President, Exploration and Eric Kallio, P.Geo, Executive Vice President, Exploration Strategy & Growth, each of whom is a "Qualified Person" for the purposes of NI 43-101.
Additional Information
Additional information about each of the Company's material mineral projects as at December 31, 2021, including information regarding data verification, key assumptions, parameters and methods used to estimate mineral reserves and mineral resources and the risks that could materially affect the development of the mineral reserves and mineral resources required by sections 3.2 and 3.3 and paragraphs 3.4(a), (c) and (d) of NI 43-101 can be found in the Company's AIF and MD&A filed on SEDAR each of which forms a part of the Company's Form 40-F filed with the SEC on EDGAR and in the following technical reports filed on SEDAR in respect of the Company's material mineral properties: 2005 LaRonde Mineral Resource & Mineral Reserve Estimate Agnico-Eagle Mines Ltd. LaRonde Division (March 23, 2005); NI 43-101 Technical Report Canadian Malartic Mine, Québec, Canada (March 25, 2021); Technical Report on the Mineral Resources and Mineral Reserves at Meadowbank Gold Complex including the Amaruq Satellite Mine Development, Nunavut, Canada as at December 31, 2017 (February 14, 2018); the Updated Technical Report on the Meliadine Gold Project, Nunavut, Canada (February 11, 2015); the Detour Lake Operation Ontario, Canada NI 43-101 Technical report as at July 26, 2021 (October 15, 2021); and the Updated NI 43-101 Technical Report Fosterville Gold Mine in the State of Victoria, Australia as at December 31, 2018 (April 1, 2019).
Note Regarding Drill Results Tables
The pierce points for the drill results in this news release are shown on accompanying composite longitudinal sections. The drill collar coordinates for each hole are set out in a table in the Appendix. Intercepts reported show uncapped and capped grades when appropriate over estimated true widths, based on geological interpretation that is being updated as new information becomes available with further drilling.
APPENDIX
Recent Selected Exploration Drill Results
LZ5 mine and Zone 11-3 at LaRonde complex
South Zone at Goldex
Odyssey South Zone and East Gouldie deposit at Canadian Malartic
Saddle, West Pit and West Pit Extension zones at Detour Lake
Macassa and AK deposit
Upper Beaver deposit at Kirkland Lake Regional
Pump deposit at Meliadine
IVR and Whale Tail deposits at Amaruq
Doris and Madrid deposits at Hope Bay
Fosterville
Main and Sisar zones in the Rimpi, Roura and Suuri areas at Kittila
Cubiro deposit and Pinos Altos Deep project at Pinos Altos
Main Zone and Chipriona deposit at La India
Santa Gertrudis
EXPLORATION DRILL HOLE COLLAR COORDINATES
SOURCE Agnico Eagle Mines Limited | https://www.wbko.com/prnewswire/2022/08/11/agnico-eagle-provides-an-update-year-to-date-exploration-results-detour-lake-returning-high-grade-intercepts-up-2-km-away-current-open-pit-east-gouldie-delivering-solid-infill-conversion-results-step-out-drilling-east-west-hope-bay-returning-wide-high-grade-intersections-below-doris-deposit-exploration-amalgamated-kirkland-deposit-kirkland-lake-advancing-surface-underground/ | 2022-08-11T21:53:22Z | wbko.com | control | https://www.wbko.com/prnewswire/2022/08/11/agnico-eagle-provides-an-update-year-to-date-exploration-results-detour-lake-returning-high-grade-intercepts-up-2-km-away-current-open-pit-east-gouldie-delivering-solid-infill-conversion-results-step-out-drilling-east-west-hope-bay-returning-wide-high-grade-intersections-below-doris-deposit-exploration-amalgamated-kirkland-deposit-kirkland-lake-advancing-surface-underground/ | 1 | 1 | green-iguana-35 | null |
Company to Host Conference Call at 5:00pm ET Today
PORTLAND, Ore., Aug. 11, 2022 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) ("Eastside" or the "Company"), a consumer-focused beverage company that builds craft inspired experiential brands and high-quality artisan products around premium spirits, digital can printing, co-packing and mobile filling, reported second quarter 2022 financial results for the period ended June 30, 2022.
Second Quarter 2022 Highlights:
- Digitally printed over 1.5 million cans since operations began at the end of April
- Improved EBITDA by $0.3 million from prior year second quarter
- Raised $1.0 million in during the quarter with proceeds used to purchase cans for the digital can printer
- Improved spirits gross profit over $1.5 million for the quarter from bulk wholesale activities
- Fully repaid Live Oak Debt Facility of $1.9 million
"We built on the progress made in Q1 and expect to continue to improve results through the balance of the year," said Geoffrey Gwin, Eastside's CEO.
Financial Results
Gross sales for the three months ending June 30, 2022 increased to $5.1 million from $3.6 million for the three months ending June 30, 2021 with record realized prices from bulk spirits sales, offset by Craft C+P sales. Sales of spirits during the quarter benefitted from the bulk sale of 651 barrels of TN whiskey and bourbon for gross proceeds of $2.6 million. This was partially offset by lower Azuñia volume resulting from cycling deep discounting to chains in the prior year. Portland Potato Vodka was soft as velocity per store declined, however, the impact to revenue almost entirely offset by a Q4 2021 price increase. A number of trends affected sales at Craft C+P including the relocation of the business, insourcing by customers, increased competition and the beginning of the Company's new digital can printing business.
Gross profit for the three months ending June 30, 2022 increased to $1.5 million from $0.9 million for the three months ending June 30, 2021. Gross margin increased to 30% for the three months ending June 30, 2022 from 26% for the three months ending June 30, 2021 primarily due to an improvement in Spirits margins, offset by lower margins for Craft C+P. Spirits margins increased due to high realized prices of bulk whiskey and bourbon and carryforward from Q4 2021 price increases. Craft C+P margins were lower due to reduced sales and higher expenses as the Company transitioned to its new digital can printing business and higher supply chain costs.
Operating costs for the three months ending June 30, 2022 increased to $2.6 million from $2.3 million for the three months ending June 30, 2021 due to entering into a lease management agreement and realizing a loss on its vehicles. Sales and marketing expenses were flat, and general and administrative expenses slightly increased from the prior year quarter due to higher rent from the Company's newly leased warehouses, offset by reduced headcount.
Net loss for the three months ending June 30, 2022 was $(1.8) million and for the three months ending June 30, 2021, net loss including discontinued operations was $(1.8) million. The Company accounted for the Redneck Riviera License Termination and closing of its retail tasting room as part of discontinued operations in its 2021 Form 10-Q filing. The Company reported adjusted EBITDA of $(0.4) million for the three months ending June 30, 2022 and $(0.7) million for the three months ending June 30, 2021. (See description of adjusted EBIDTA in "Use of Non-GAAP Measures" below.)
During the second quarter, the Company delivered 7,431 cases of spirits. Of that total, Portland Potato Vodka represented over 4,400 cases as the brand did not grow distribution outside of Oregon. The Company shipped 1,730 and 933 cases of Azuñia and Burnside, respectively. The following table details cases delivered during the three and six months ending June 30, 2022 and 2021:
The Company ended the quarter with $0.9 million in borrowings under its FIB credit facilities and reported cash of $1.0 million. During the quarter, the Company paid down $2.0 million of debt on both facilities. During the first half of 2022, the Company entered into a loan of $3.0 million to fund working capital. Subsequent to the second quarter of 2022, the Company amended and restated the aforementioned loan to increase the line of credit to $3.5 million.
The Company will give further updates on its earnings conference call.
Use of Non-GAAP Measures
Eastside Distilling's management evaluates and makes operating decisions using various financial metrics. In addition to the Company's GAAP results, management also considers the non-GAAP measure of adjusted EBITDA as a supplement to GAAP results. Management believes this non-GAAP measure provides useful information about the Company's operating results and assists investors in comparing the Company's performance across reporting periods on a consistent basis by excluding items that it does not believe are indicative of its core operating performance.
The Company defines adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, stock-based compensation, and other one-time items. The table below provides a reconciliation of this non-GAAP financial measure with the most directly comparable GAAP financial measure.
Second Quarter 2022 Conference Call Details
Date and Time: Monday, August 11, 2022 at 5:00pm ET
Call-in Information: Interested parties can access the conference call by dialing (844) 889-4332 or (412) 717-9595.
Live Webcast Information: Interested parties can access the conference call via a live Internet webcast, which is available in the Conference Calls section of the Company's website at https://www.eastsidedistilling.com/conference-calls.
Replay: A teleconference replay of the call will be available for three days at (877) 344-7529 or (412) 317-0088, confirmation #1330708. A webcast replay will be available in the Conference Calls section of the Company's website at https://www.eastsidedistilling.com/conference-calls for 90 days.
About Eastside Distilling
Eastside Distilling, Inc. (NASDAQ: EAST) has been producing high-quality, award-winning craft spirits in Portland, Oregon, since 2008. The Company is distinguished by its highly decorated product lineup that includes Azuñia Tequilas®, Burnside Whiskeys®, Hue-Hue Coffee Rum®, and Portland Potato Vodkas®. All Eastside spirits are crafted from natural ingredients for quality and taste. Eastside's Craft Canning + Printing subsidiary is one of the Northwest's leading independent mobile canning businesses and recently began digital can printing and co-packing through its recent asset acquisition.
Important Cautions Regarding Forward-Looking Statements
Certain matters discussed in this press release may be forward-looking statements that reflect our expectations or anticipations rather than historical fact. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions, general competitive factors, the impact of COVID-19 and related business disruption, the Company's ongoing financing requirements and ability to achieve financing, acceptance of the Company's products in the market, the Company's success in obtaining new customers, the Company's ability to execute its business model and strategic plans, and other risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"). A detailed discussion of the most significant risks can be found in the "Risk Factors" section of the Company's Annual Report on Form 10-K. The Company assumes no obligation to update the cautionary information in this press release.
Financial Summary Tables
The following financial information should be read in conjunction with the unaudited financial statements and accompanying notes filed by the Company with the Securities and Exchange Commission on Form 10-Q for the period ended June 30, 2022, which can be viewed at www.sec.gov and in the investor relations section of the Company's website at www.eastsidedistilling.com/investors.
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CALGARY, AB, Aug. 11, 2022 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce a 33% increase to our quarterly cash dividend to $0.08 CDN per share, payable on October 17, 2022 to all shareholders of record on September 30, 2022. The ex-dividend date for this payment is September 29, 2022. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. Our business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. Vermilion's operations are focused on the exploitation of light oil and liquids-rich natural gas conventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia.
Vermilion's priorities are health and safety, the environment, and profitability, in that order. Nothing is more important to us than the safety of the public and those who work with us, and the protection of our natural surroundings. We have been recognized by leading ESG rating agencies for our transparency on and management of key environmental, social and governance issues. In addition, we emphasize strategic community investment in each of our operating areas.
Employees and directors hold approximately 4% of our outstanding shares and are committed to delivering long-term value for all stakeholders. Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.
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TSX | NYSE | LSE: WPM
DIVIDEND DECLARATION
VANCOUVER, BC, Aug. 11, 2022 /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that its Board of Directors has declared its third quarterly cash dividend payment for 2022 of US$0.15 per common share.
Third Quarterly Dividend
The third quarterly cash dividend for 2022 of US$0.15 will be paid to holders of record of Wheaton common shares as of the close of business on August 26, 2022 and will be distributed on or about September 8, 2022. The ex-dividend trading date is September 7, 2022.
Under the Company's revised dividend policy, for the 2022 calendar year, the quarterly dividend per common share is targeted to equal the greater of 30% of the average cash generated by operating activities in the previous four quarters divided by the Company's then outstanding common shares, all rounded to the nearest cent and the dividend declared in the prior quarter. To minimize volatility in quarterly dividends, the Company has set a minimum quarterly dividend for the duration of 2022 equal to the dividend per common share declared in the prior quarter.
The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.
Dividend Reinvestment Plan
The Company has previously implemented a Dividend Reinvestment Plan ("DRIP"). Participation in the DRIP is optional. For the purposes of this quarterly dividend, the Company has elected to issue common shares under the DRIP through treasury at a 1% discount to the Average Market Price, as defined in the DRIP. However, the Company may, from time to time, in its discretion, change or eliminate the discount applicable to Treasury Acquisitions, as defined in the DRIP, or direct that such common shares be purchased in Market Acquisitions, as defined in the DRIP, at the prevailing market price, any of which would be publicly announced.
The DRIP and enrollment forms, including direct deposit, are available for download on the Company's website at www.wheatonpm.com, in the 'investors' section under the 'dividends' tab.
Registered shareholders may also enroll in the DRIP online through the plan agent's self-service web portal at: https://tsxtrust.com/DRIP
Beneficial shareholders should contact their financial intermediary to arrange enrollment. All shareholders considering enrollment in the DRIP should carefully review the terms of the DRIP and consult with their advisors as to the implications of enrollment in the DRIP.
This press release is not an offer to sell or a solicitation of an offer of securities. A registration statement relating to the DRIP has been filed with the U.S. Securities and Exchange Commission and may be obtained under the Company's profile on the U.S. Securities and Exchange Commission's website at http://www.sec.gov. A written copy of the prospectus included in the registration statement may be obtained by contacting the Corporate Secretary of the Company at 1021 West Hastings Street, Suite 3500, Vancouver, British Columbia, Canada V6E 0C3.
CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS
This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to future dividends. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements including risks discussed in the section entitled "Description of the Business – Risk Factors" in Wheaton's Annual Information Form available on SEDAR at www.sedar.com and Wheaton's Form 40-F for the year ended December 31, 2021 and Form 6-K filed March 31, 2022 both on file with the U.S. Securities and Exchange Commission on EDGAR. Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation) that there will be no material adverse change in the market price of commodities, that the mining operations from which Wheaton purchases precious metals will continue to operate, that each party will satisfy their obligations in accordance with the precious metals purchase agreements, that neither Wheaton nor the Mining Operations will suffer significant impacts as a result of an epidemic (including the COVID-19 virus pandemic) and that Wheaton's application of the CRA Settlement for years subsequent to 2010 is accurate (including the Company's assessment that there will be no material change in the Company's facts or change in law or jurisprudence for years subsequent to 2010) and possible domestic audits for taxation years subsequent to 2016 and international audits.
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SOURCE Wheaton Precious Metals Corp. | https://www.wbko.com/prnewswire/2022/08/11/wheaton-precious-metals-declares-quarterly-dividend/ | 2022-08-11T21:59:41Z | wbko.com | control | https://www.wbko.com/prnewswire/2022/08/11/wheaton-precious-metals-declares-quarterly-dividend/ | 1 | 1 | green-iguana-35 | null |
(All amounts in CDN$ unless otherwise indicated)
VANCOUVER, BC, Aug. 11, 2022 /PRNewswire/ - Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") today reports financial results for the three and six month periods ended June 30, 2022 ("Q1 2022" and "YTD 2022") compared to the three and six month periods ended June 30, 2021 ("Q2 2021" and "YTD 2021").
Acquisition by Hecla Mining Company
- On July 4, 2022, the Company entered into a definitive agreement with Hecla Mining Company ("Hecla"), as assigned and amended (the "Arrangement Agreement"), pursuant to which 1080980 B.C. Ltd. ("108"), a subsidiary of Hecla, will acquire all of the outstanding common shares of Alexco that 108 does not already own (the "Arrangement"). Each outstanding common share of Alexco will be exchanged for 0.116 of a share of Hecla common stock. The acquisition is subject to approvals by Alexco securityholders, as well as applicable regulatory approvals and the satisfaction or waiver of customary closing conditions. The board of directors of Alexco and Hecla have both unanimously approved the transaction.
Corporate
- The Company reported revenues of $3,952,000 for Q2 2022 compared to $7,939,000 for Q2 2021. Mining operations revenue, net of streaming payments related to the Wheaton Precious Metals Corp. ("Wheaton") silver purchase agreement ("SPA"), in Q2 2022 was $3,528,000 and was derived from concentrate sales from ore sourced from the Bermingham and Flame & Moth mines. In Q2 2022, the Company also recognized reclamation management revenue of $424,000.
- The Company recorded a write-down of mineral properties, plant and equipment of $97,048,000 during Q2 2022. As at June 30, 2022, indicators of impairment were identified, and the carrying value of the Keno Hill cash generating unit ("Keno Hill CGU") was compared with its recoverable amount. The recoverable amount of the Keno Hill CGU was determined by management based on the fair value less costs of disposal ("FVLCD") method using the implied value of Alexco based on the agreed transaction value with Hecla. Management assessed that the Keno Hill CGU carrying value exceeded its FVLCD and a write-down of mineral properties, plant and equipment was recognized.
- The Company reported a net loss of $95,062,000 for Q2 2022 which was primarily attributable to a write-down of mineral properties, plant and equipment and a gross loss from mining operations, partially offset by a gain on sale of mineral property rights related to the McQuesten mineral property and a fair value gain on the embedded derivative asset related to the Wheaton SPA. A net loss of $2,748,000 for Q2 2021 was primarily from ramp-up related costs at Keno Hill and general and administrative costs.
- The Company reported an adjusted net loss of $4,269,000 for Q2 2022 compared to $2,548,000 for Q2 2021. The adjusted net loss excludes the amounts recorded with respect to the fair value adjustment on the embedded derivative asset related to the Wheaton SPA and the non-cash write-down of mineral properties, plant and equipment (see "Non-GAAP Measures" in the MD&A for the three and six month periods ended June 30, 2022).
- The Company reported an operating loss of $105,662,000 for Q2 2022 compared to $2,489,000 for Q2 2021. The operating loss for Q2 2022 was related to a write-down of mineral properties, plant and equipment and a gross loss from mining operations.
- The Company's cash and cash equivalents as at June 30, 2022 totaled $8,901,000 compared to $9,933,000 as at December 31, 2021, while net working capital totaled $(6,368,000) compared to $1,389,000 as at December 31, 2021 (see "Non-GAAP Measures" in the MD&A for the three and six month periods ended June 30, 2022). The Company's restricted cash and deposits as at June 30, 2022 totaled $2,998,000 compared to $2,990,000 as at December 31, 2021.
Mine Operations and Exploration
- During the quarter, ramp-up of mining activity at Keno Hill continued to progress with underground development performance aided by improved equipment availability (versus Q1 2022) at both the Flame & Moth and Bermingham mines. Similarly, the District Mill saw improved throughput and metallurgical performance in the same period. Underground advance at Bermingham reached the 1120 level, where the upper portion of the high-grade Bear Zone has been cross-cut with two ore faces and predictive block model grades of 1,900 – 2,000 grams per tonne silver appear to be well supported or exceeded in mine based rib and face assays.
- While the underground performance improvements were notable, and the demonstrated supply of 150-250 tonnes per day of ore to the mill has been important, the rate of improvement in the advance of underground development remained insufficient to achieve the necessary number of production headings to sustain 400 tonnes per day feed to the mill before the end of 2022. To rectify this imbalance, in June, the Company elected to temporarily suspend milling operations to focus all efforts on advancing underground development, which saw a combined total of 150 meters of underground development in the Bermingham and Flame & Moth mines in the month of July.
- Surface exploration began with two drills in May with focus in the vicinity of the historic Silver King mine and the Coral Wigwam area, approximately 800 meters along structural trend from the Bermingham Mine. Early indications from shallow geology-defining drill holes in the Coral Wigwam area have identified a structural geology framework potentially similar to that which exists in the area of the Bermingham deposit.
Other Activities
- On April 13, 2022, the Company completed a non-brokered private placement offering with an affiliate of Hecla for 7,473,495 common shares at a price of $1.75 per share, resulting in gross proceeds of $13,078,616.
- On April 28, 2022, the Company received a further prepayment of US$5,000,000 under the unsecured revolving credit facility (the "Facility") with its offtaker. During Q2 2022, the Company repaid US$2,500,000 plus applicable interest and standby fees. Subsequent to period end, the Company repaid the entire outstanding balance of the Facility.
- On April 29, 2022, the Company sold to Victoria Gold Corp. ("Victoria") all of its rights, benefits and interests in and to the remaining option consideration payable to Alexco by Banyan Gold Corp. ("Banyan") under the option agreement with Banyan in exchange for 447,142 shares of Victoria. On May 4, 2022, the Victoria shares were sold for net proceeds of $6,000,000 after selling costs and commissions.
Key Performance Metrics
Qualified Persons
The disclosure in this news release of scientific and technical information has been reviewed and approved Sebastien D. Tolgyesi, P.Eng., P.Geo., Keno Hill Operations Manager, who is a Qualified Persons as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Alexco
Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District, in Canada's Yukon Territory, one of the highest-grade silver mines in the world. Alexco started concentrate production and shipments in 2021 and is currently advancing Keno Hill toward steady state production. Upon reaching commercial production, Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation's mineral resources through successful exploration.
Contact
Forward-Looking Statements
Some statements ("forward-looking statements") in this news release contain forward-looking information concerning Alexco's anticipated results and developments in Alexco's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future, made as of the date of this news release. Forward-looking statements may include, but are not limited to, statements with respect to the consummation and timing of the Arrangement, approval of the Arrangement by securityholders, the satisfaction of the conditions precedent to the Arrangement, timing, receipt and anticipated effects of court, regulatory and other consents and approvals, statements with respect to the future remediation and reclamation activities, future mineral exploration including the potential structural geology of mineral properties, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, future mine construction and development activities, future mine operation and production, estimated production headings through the remainder of 2022, the timing of activities and reports, the amount of estimated revenues and expenses, the success of exploration activities, permitting time lines, and requirements for additional capital and sources and uses of funds. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors, which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, the risk that the Arrangement may not close when planned or at all or on the terms and conditions set forth in the Arrangement Agreement; the failure of the Company and Hecla to obtain the necessary regulatory, court, securityholder, and other third-party approvals, or to otherwise satisfy the conditions to the completion of the Arrangement, in a timely manner, or at all, may result in the Arrangement not being completed on the proposed terms, or at all; changes in laws, regulations and government practices; if a third party makes a Superior Proposal (as defined in the Arrangement Agreement), the Arrangement may not be completed and the Company may be required to pay the Termination Fee; if the Arrangement is not completed, and the Company continues as an independent entity, there are risks that the announcement of the Arrangement and the dedication of substantial resources of the Company to the completion of the Arrangement could have an impact on the Company's current business relationships and could have a material adverse effect on the current and future operations, financial condition and prospects of the Company; risks related to actual results and timing of exploration and development activities; actual results and timing of mining activities; actual results and timing of environmental services activities; actual results and timing of remediation and reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of silver, gold, lead, zinc and other commodities; possible variations in mineable resources, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; First Nation rights and title; continued capitalization and commercial viability; global economic conditions; competition; and delays in obtaining governmental approvals or financing or in the completion of development activities. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, the assumptions as to the ability of Alexco and Hecla to receive, in a timely manner and on satisfactory terms, the necessary regulatory, Court, securityholder and other third party approvals, the satisfaction of the conditions to closing of the Arrangement in a timely manner and completion of the Arrangement on the expected terms, the expected adherence to the terms of the Arrangement Agreement and agreements related to the Arrangement Agreement, the adequacy of our and Hecla's financial resources, the assumption that Alexco will be able to raise additional capital as necessary, that the proposed exploration and development will proceed as planned, and that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
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SOURCE Alexco Resource Corp. | https://www.wave3.com/prnewswire/2022/08/11/alexco-announces-second-quarter-2022-results/ | 2022-08-11T22:01:53Z | wave3.com | control | https://www.wave3.com/prnewswire/2022/08/11/alexco-announces-second-quarter-2022-results/ | 1 | 1 | green-iguana-35 | null |
The Boys Releases a Full Scene From Soldier Boy’s Red Thunder Movie
Right now, Warner Bros. Discovery execs are thinking about shelving The Flash due to Ezra Miller’s ongoing legal troubles. But in the fictional universe of The Boys, the powers-that-be at Vought International aren’t going to let something like mass murder get in the way of their profit margins. Even after Jensen Ackles’ Soldier Boy went nuclear in several populated areas, the company is still trying to make money off the world’s first superhero. That’s why Vought is bringing his films back to its own streaming service, Vought++. You can view their announcement, along with a clip from Red Thunder, below.
A few seconds of Red Thunder were shown in an episode of The Boys season 3 earlier this year. But Amazon has just released a full three-minute scene from the fake movie, which supposedly hit theaters in 1983. The clip also boasts a disclaimer from Vought acknowledging Soldier Boy’s recent crimes (including the “murder” of Queen Maeve), which they blame on his radicalization by Russians during his time in captivity. Regardless, the company wants viewers to remember him as a “defender of democracy and freedom,” especially when it’s time to renew their subscriptions.
We saw your tweets, opened your emails, and read your one-star reviews. That’s why we’re making the brave choice to bring Soldier Boy back to Vought++. Films like Red Thunder will now have this content warning to properly prepare patriots before they press play! pic.twitter.com/2r6AsKVpuP
— Vought International (@VoughtIntl) August 11, 2022
RELATED: The Boys Season 4 Promotes Cameron Crovetti To Series Regular
Set during the Soviet invasion of Afghanistan, Red Thunder found Soldier Boy sharing the screen with his fellow members of Payback. The scene features Ackles’ character at the mercy of a Russian colonel, who taunts his prisoner with news that his girlfriend, Crimson Countess, and sidekick, Gunpowder, have also been captured. However, a revelation like this probably wouldn’t faze Soldier Boy in real life. Based on what we learned about him in season 3, he likely wouldn’t have lifted a finger to help any of his teammates in the event of an actual kidnapping. But sometimes you need to put on a show for your adoring public.
All eight episodes of The Boys season 3 are available to stream on Amazon Prime.
Would you like to see more scenes from the film? Let us know in the comment section below!
Recommended Reading: The Boys Omnibus Vol. 1
We are also a participant in the Amazon Services LLC Associates Program. This affiliate advertising program also provides a means to earn fees by linking to Amazon.com and affiliated sites. | https://www.superherohype.com/tv/517801-the-boys-releases-a-full-scene-from-soldier-boys-red-thunder-movie | 2022-08-11T22:04:52Z | superherohype.com | control | https://www.superherohype.com/tv/517801-the-boys-releases-a-full-scene-from-soldier-boys-red-thunder-movie | 1 | 1 | green-iguana-35 | null |
NEW YORK, Aug. 11, 2022 /PRNewswire/ -- New York resident and Coinbase shareholder A. Manny Alicandro has filed a class action in federal court in Manhattan alleging that Coinbase, Global Inc. and several senior executives and insiders misled prospective investors about their true intentions to sell shares in Coinbase's Direct Listing public offering on April 14, 2021.
While the prospectus stated that there was no assurance that any shareholders would sell any shares in the offering, nine of the defendants took actions to rapidly and significantly increase the amount of readily saleable Coinbase Class A common shares they held in the days leading up to the offering and then sold more than seven million shares of Coinbase stock on April 14, 2021, the first day of public trading, receiving more than $2.7 billion in proceeds. More than 1.3 million of those shares were sold immediately at the market opening that day at a price of $381 per share.
In a direct listing public offering, unlike an IPO, the issuing company's insiders sell their shares directly to the public. Mr. Alicandro, who purchased Coinbase stock on April 14, 2021, alleges in the complaint that this distinction means that information disclosed to prospective investors about the intentions of company insiders to sell stock is important to prospective investors in deciding whether to buy stock in the offering and that Coinbase and the insiders who sold should have disclosed their true intentions to sell millions of shares collectively.
Mr. Alicandro is represented by Michael Samuel and Andrew D. Beresin of the Samuel Law Firm in New York.
Media Contact:
Michael Samuel
michael@thesamuellawfirm.com
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SOURCE The Samuel Law Firm | https://www.wave3.com/prnewswire/2022/08/11/samuel-law-firm-files-class-action-against-coinbase/ | 2022-08-11T22:05:14Z | wave3.com | control | https://www.wave3.com/prnewswire/2022/08/11/samuel-law-firm-files-class-action-against-coinbase/ | 1 | 1 | green-iguana-35 | null |
The National Weather Service in Cheyenne has issued a
* Flash Flood Warning for...
The Mullen Burn Scar in...
Southeastern Carbon County in south central Wyoming...
Southwestern Albany County in southeastern Wyoming...
* Until 645 PM MDT.
* At 351 PM MDT, Doppler radar indicated thunderstorms producing
heavy rain over the Mullen Burn Scar. Between 0.5 and 1 inch of
rain has fallen. Flash flooding is ongoing or expected to begin
shortly.
Excessive rainfall over the burn scar may result in debris flow. The
debris flow can consist of rock, mud, vegetation and other loose
materials.
HAZARD...Flash flooding caused by thunderstorms in and around
the Mullen Burn Scar.
SOURCE...Radar.
IMPACT...Flooding of areas in and around the Mullen Burn Scar.
* Some locations that will experience flash flooding include...
Albany, Bobbie Thompson Campground, Rob Roy Campground, Rob Roy
Reservoir, Illinois Creek Campground, Miller Lake Campground,
Evans Creek Campground, French Creek Campground and Centennial.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Move away from recently burned areas. Life-threatening flooding of
creeks, roads and normally dry arroyos is likely. The heavy rains
will likely trigger rockslides, mudslides and debris flows in steep
terrain, especially in and around these areas.
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
&&
FLASH FLOOD...RADAR INDICATED
Weather Alert
...FLOOD ADVISORY IN EFFECT UNTIL 445 PM MDT THIS AFTERNOON...
* WHAT...Flooding caused by excessive rainfall is expected.
* WHERE...A portion of southeast Wyoming, including the following
county, Albany. This includes areas near Foxpark.
* WHEN...Until 445 PM MDT.
* IMPACTS...Minor flooding in low-lying and poor drainage areas.
* ADDITIONAL DETAILS...
- At 249 PM MDT, Doppler radar indicated heavy rain due to
thunderstorms. Minor flooding is ongoing or expected to begin
shortly in the advisory area. Between 0.25 and 0.5 inches of
rain have fallen.
- Additional rainfall amounts up to 0.5 inches are expected
over the area. This additional rain will result in minor
flooding.
- Some locations that will experience flooding include...
Albany, Lake Owen, Lake Owen Campground, Evans Creek
Campground, Miller Lake Campground, Bobbie Thompson
Campground, Woods Landing-Jelm and Woods Landing.
- http://www.weather.gov/safety/flood
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
Flooding is occurring or is imminent. It is important to know where
you are relative to streams, rivers, or creeks which can become
killers in heavy rains. Campers and hikers should avoid streams or
creeks.
&&
Weather Alert
...FLOOD ADVISORY IN EFFECT UNTIL 630 PM MDT THIS EVENING...
* WHAT...Flooding caused by excessive rainfall is expected.
* WHERE...Portions of south central Wyoming and southeast Wyoming,
including the following counties, in south central Wyoming,
Carbon. In southeast Wyoming, Albany.
* WHEN...Until 630 PM MDT.
* IMPACTS...Minor flooding in low-lying and poor drainage areas.
* ADDITIONAL DETAILS...
- At 334 PM MDT, Doppler radar indicated heavy rain due to
thunderstorms. Minor flooding is ongoing or expected to begin
shortly in the advisory area. Between 0.25 and 0.5 inches of
rain have fallen.
- Some locations that will experience flooding include...
Bobbie Thompson Campground, Rob Roy Campground and Rob Roy
Reservoir.
- http://www.weather.gov/safety/flood
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
Move away from recently burned areas. Life-threatening flooding of
creeks, roads and normally dry arroyos is likely. The heavy rains
will likely trigger rockslides, mudslides and debris flows in steep
terrain, especially in and around these areas.
&&
A haul truck with a 250-ton capacity carries coal after being loaded from a nearby mechanized shovel at the Spring Creek strip mine near Decker, Mont.
HELENA — A federal agency has once again failed to consider possible damage to the environment caused by mining coal when setting land management policies governing a major coal-producing region in Wyoming and Montana, a judge ruled this past week.
The ruling rejected resource management plans created in November 2019 by the Bureau of Land Management offices in Miles City, Montana, and Buffalo, Wyoming. The BLM plans would direct the management of the Powder River Basin — where the land agency says nearly 44% of all coal produced in the U.S. comes from — for the next 20 years.
This is the second time, both under President Donald Trump, that the same jurist has rejected the agency’s resource management plans governing the potential use of just over 20,300 square miles of land in Montana and Wyoming. The Biden administration defended the second plan.
Those 2019 plans also failed to consider limiting the expansion of coal mines or eliminating some coal deposits from leasing eligibility, U.S. District Judge Brian Morris in Great Falls said in his ruling Wednesday.
Morris gave BLM up to a year to produce new resource management plans that take into consideration the public health impacts — both climate and non-climate related — of burning fossil fuels recovered from federal lands when it determines how much, if any, coal should be available to lease.
In the meantime, any new or pending leases of coal, oil or natural gas in the areas must undergo a comprehensive environmental analysis that complies with Morris’ order and the National Environmental Policy Act, which requires agencies to assess the environmental effects of their proposed actions before making decisions.
BLM and the state of Wyoming argued the agency’s land-use planning process did not allow it to consider a no-leasing alternative, court records said.
“Coal mining represents a potentially allowable use of public lands, but BLM is not required to lease public lands,” Morris said.
But coal mines in the region have been closing as scientists say human-caused climate change will continue to make weather more extreme, wildfires more frequent and destructive, and water supplies less reliable.
“The Bureau of Land Management is singularly focused on propping up the dying coal industry at the expense of its legal obligations to consider public health and the climate,” Melissa Hornbein, a senior attorney at the Western Environmental Law Center, said in a statement. “That a federal judge ordered the Bureau to consider a no-leasing alternative and disclose to the public how many people will be sickened and die as a result of the combustion of federal coal is groundbreaking.”
BLM does not comment on pending litigation, spokesperson Brian Hires said.
Agency offices updated their resource management plans in 2015. Environmental groups — including the Western Organization of Resource Councils — challenged the Montana and Wyoming plans in court.
The plans would have made 80 billion tons of federally owned coal available for leasing and allow access to 12,500 square miles of land for oil and gas development, according to the National Resources Defense Council.
Environmental groups argued that the 2015 plans did not meet National Environmental Policy Act requirements in part because they didn’t consider the effect of offering less coal for lease and did not analyze the environmental and human consequences of burning the coal.
In March 2018, Morris ordered the agency to re-do the plans, in part to consider reducing the amount of coal available for leasing and to analyze the environmental effects of burning the coal, oil and natural gas available for lease under the plans. | https://www.wyomingnews.com/laramieboomerang/news/judge-blm-ignores-environment-in-coal-region-plan/article_c7a3473d-5f6b-55a1-a9d5-320b4d543031.html | 2022-08-11T22:10:17Z | wyomingnews.com | control | https://www.wyomingnews.com/laramieboomerang/news/judge-blm-ignores-environment-in-coal-region-plan/article_c7a3473d-5f6b-55a1-a9d5-320b4d543031.html | 1 | 1 | green-iguana-35 | null |
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Higher Ed Gamma
MOOCs and beyond.
Title
The Next Iterations of Disruptive Innovation
Be afraid. Be very afraid. But don’t stand still.
Just when colleges and universities began to feel that operations were returning to normal, new variants and mutations emerged to upset the apple cart. I’m not referring to the Beta, Delta, or Omicron BA 1, BA4, and B5 COVID strains.
I’m talking about a new forms of educational disruption that have their gun sights set on those non-traditional students who are looking for “a path to a career rather than a four-year pit stop.”
The disruptor’s strategy is double or even triple barreled.
First come the claims that too many degree programs fail to provide a payoff. According to one recent study, in over a quarter of degree programs in Massachusetts, graduates earn less than high school graduates and must work for 20 plus years to recoup their education’s cost. Altogether, a fifth of all graduates fall into this category.
Then there’s the charge that oversight of academic quality and outcomes by accreditors is slipshod. Here’s one shocking example: South College in Savannah, has a 4 percent graduation rate and leaves its students with an average debt of $25,000, and yet remains accredited. It’s not alone. According to one analyst, the regional accreditor SACSCOC has given the greenlight to a hundred other campuses that graduate a quarter or less of their students.
As another study reported, only a miniscule number of accreditors’ disciplinary actions were for low graduation rates, high loan default rates, poor quality academic programs, or low post-graduation earnings. In the hyperbolic words of one critic, “accreditors work for colleges, and in doing so, predictably refrain from scrutinizing colleges’ academic results or designs and from approving new colleges that might bring change and improvement to the sector.”
Which educational providers are sanctioned for poor outcomes and low-quality programming? Typically, proprietary institutions, like barber colleges and beauty schools, that serve very few students.
Next comes the argument that no one who was serious about developing faster, cheaper paths into “high paying, in-demand jobs, like data and software engineering,” would “create [the] university as the way to get there.” As Michelle Donelan, the UK’s former minister for higher education put it:
“Too many have been misled by the expansion of popular-sounding courses with no real demand from the labour market…. Quite frankly, our young people have been taken advantage of – particularly those without a family history of going to university. Instead, some have been left with the debt of an investment that didn’t pay off in any sense.”
So what, then, are the answers?
The company that Tony Blair’s son Euan founded, Multiverse, arranges professional apprenticeships in business operations, data science, and software engineering.
Stig Leschly of College101 argues that existing colleges and universities need “competition from new colleges started by social entrepreneurs and nonprofit organizations with experience in education and workforce development.” He envisions a higher ed equivalent of charter schools, those publicly funded K-12 schools run by teachers, parents, or community groups, which operate outside the rules that govern other public schools.
At a time when many existing institutions find it exceedingly difficult to innovate or be entrepreneurial, weighed down by incumbent technologies, an entrenched faculty, high fixed costs, and unwieldly systems of governance, risk taking, innovation, and creativity, Leschly argues, must come from outside the academy.
All this sounds quite vague. Insofar as these ideas are practical and scalable, they resemble the models already deployed by Southern New Hampshire University and Western Governors University.
But keep two thoughts in mind.
1. The disruptors’ diagnosis of the weaknesses in today’s system of higher education is not wholly wrong.
- We do need more meaningful accountability and oversight from government agencies and accrediting agencies for quality and outcomes.
Of course, those assessments need to be made in a nuanced and mindful way, attentive to differences in institutional mission and the composition of student bodies. - We do need alternate tracks into the workforce for those whose lives make a traditional in-person, full-time college education impossible.
But I do think we probably shouldn’t claim that those alternative paths are equivalent to a traditional college education. - Institutions as a whole and individual departments need to become more attentive to their graduates’ employment prospects.
I consider it a moral responsibility to embed career identification and preparation within degree programs and better align courses with the kinds of jobs that graduates will enter.
2. A shift in control of Congress could very well result in expanded opportunities for alternate providers to access federal financial aid.
- These might include apprenticeship and training programs, boot camps, skills academies, and other outcomes-focused pathways.
- We may also see an acceleration in the elimination of associate and bachelor degree requirements for a growing number of jobs as a way to enhance economic mobility.
Still, there are good reasons for the US Department of Education and the accreditors’ reluctance to allow new institutions to feed at the federal financial aid trough. We shouldn’t shut our eyes to the abuses we have witnessed: fraudulent advertising, abusive recruitment strategies, misleading job placement records, high loan default rates. The list goes on.
Early in this century, radical disruptors did try to compete directly with existing non-profits. However, the for-profits were largely driven into the ground thanks to aggressive action by regulators that were subsequently upheld by the courts.
Then, the for-profit sector embraced a very different strategy: serving as strategic partners, as online program managers, internship intermediaries, consultancies, and providers of data analytics, ePortfolios, marketing and student enrollment management services, skills transcripts and badges, and student success coaching.
But as the political winds shift and doubts about higher education’s value swell, a growing number of traditional higher ed’s potential competitors see an opening. So do other institutions. There are the major tech firms which are under pressure to tangibly demonstrate their commitment to advancing social mobility and equity, as well as non-profits such as museums and foundations that hope to seize the day, broaden their mission, and connect to their target audiences in new ways.
Existing institutions have several huge home court advantages in the competition for students: tradition; a monopoly over the most valuable credentials; an experience that the vast majority of young people covet; established brands and reputation; and, at least for now, strong backing from state legislatures, Congress, the White House, and the relevant federal agencies.
But there are signs that these plusses are more fragile than previously thought, which makes innovation imperative. How might institutions do this?
- Leverage Institutional partnerships:
Connect with local institutions -- hospitals, K-12 schools, local government, museums, and social service organizations —and offer more hybrid experiences: internships, residencies, and collaborative problem-solving projects in conjunction with these partner institutions. - Offer a more flexible, personalized education:
Let students design customized, individualized majors in areas better aligned with their interests that allow them to leverage prior learning and outside-the-classroom learning experiences. - Embrace the applied and the practical liberal arts:
Why not offer liberal arts majors or certificates that offer a vocational payoff, for example, in development and philanthropy, multimodal communication, including visual and online communication, policy planning and analysis, technical writing, or translation? - Connect disciplines in innovative ways:
Transdisciplinary areas of concentration draw upon multiple fields of study to address a pressing social problem, develop new high-demand skills sets, and better prepare students for careers in emerging fields. Examples might include child welfare, conflict resolution, digital arts, media, and design, economic, environmental, and social sustainability, equity, the law, and public policy, health economics and policy, museum experiences planning, social entrepreneurship, and urban and rural planning, design, and development.
As I gaze into my crystal ball, I see mounting competition ahead. Don’t brush off the looming threats. Be proactive.
- Develop, design, and implement programs that offer tangible outcomes.
- Expedite students’ time to degree by awarding credit for prior learning and permitting increased flexibility in how undergraduates fulfill graduation requirements.
- Identify, establish, and take advantage of community partnerships.
- Cultivate a forward-looking mindset that is alert to challenge, strategic, and solution focused.
The future is not fixed, fated, or foreordained. It’s what we make it. So follow the advice of Back to the Future’s Doc Brown and “make it a good one!”
Steven Mintz is professor of history at the University of Texas at Austin.
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Resources for faculty and staff from our partners at Times Higher Education.
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- Thinking About the 2U Layoffs | Inside Higher Ed | https://www.insidehighered.com/blogs/higher-ed-gamma/next-iterations-disruptive-innovation | 2022-08-11T22:22:30Z | insidehighered.com | control | https://www.insidehighered.com/blogs/higher-ed-gamma/next-iterations-disruptive-innovation | 1 | 1 | green-iguana-35 | null |
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Learning Innovation
A space for conversation and debate about learning and technology.
Title
‘Disposable City’ and ‘Universities on Fire’
Reading about the coming climate catastrophe in Miami as we wait for Bryan Alexander's new book.
Disposable City: Miami's Future on the Shores of Climate Catastrophe by Mario Alejandro Ariza
Published in July of 2020.
Bryan Alexander's Universities on Fire: Higher Education in the Climate Crisis is among the most anticipated books of the coming year.
While we wait for the March 28th, 2023 release date of Bryan's book, we can keep having the conversation (that Bryan is leading) on higher ed and climate change.
Disposable City: Miami's Future on the Shores of Climate Catastrophe is a book we might want to discuss.
What reading Disposable City did for me was to help make the coming impact of climate change more tangible, immediate, and terrifying. The brilliance of Disposable City is that the book zooms in on a single place, localizing and specifying the likely impacts of sea rise and extreme weather.
I'm looking forward to reading Bryan's book to connect climate change directly to issues of resilience and sustainability for our colleges and universities. If academia is in for any of the heat, weather, and ocean level rises that Miami will face in this century, we need to start preparing now.
Before reading Disposable City, climate change was not the first thing I'd think of when thinking about Miami. What comes to mind when we think of Miami is luxury real estate and tourism. Will Smith never talks about a coming climate catastrophe in his 2011 hit song.
Mario Alejandro Ariza is ideally situated to guide us through what Miami will likely experience when the water, storms, and heat overwhelm the city's infrastructure. A journalist who came to Florida as a kid from the Dominican Republic, Ariza is deeply ingrained in Miami's culture. Ariza's parents transformed themselves into successful real estate agents. He knows firsthand how the Miami luxury real estate market for oceanfront condos seems to keep expanding.
Some of the best chapters of Disposable City involve exploring why Miami residents, and by extension, the rest of us in the US, seem to discount the future so heavily.
This discounting goes beyond a failure to price in the likely impact of the ocean flowing into the foundations and lower floors of apartments and homes with a view of the water. At every level, the complex governmental, insurance, and finance structures that underpin the real estate market seem incapable of grasping that the water is coming.
The depressing conclusion that Ariza comes to in Disposable City is the groups most likely to suffer most as the water rises are the people least equipped to cope. Miami is one the most stratified cities in the US, with a small concentration of highly wealthy celebrity financiers and real estate developers (and celebrity entertainers and athletes), all served by armies of low-paid service workers.
When we think of Miami, we think of Gloria Estefan and Shakira, where we should be picturing the baristas, maids, and waiters that make up the vast majority of the city's low-wage workforce.
The working poor and the struggling middle class, not to mention those families living below the poverty line, will have little ability to cope with the consequences of extreme weather. Already among the country's most cost-burdened places for housing, those living and working in Miami have few options to move to climate-resilient areas.
One trend document in Disposable City is climate gentrification. Properties at higher elevations and are therefore safer from rising sea levels are becoming unaffordable for most residents.
The wealthy continue to bid up prices on oceanfront condos, but at the same time, they are buying properties in the previously working class and heavily nonwhite areas away from the coast. In Miami, affluence buys some insulation from climate change.
How the concept of climate gentrification will play out in our already wealth-concentrated and highly unequal system of higher education is fascinating (and depressing) to ponder.
Maybe the next gathering on climate change and higher ed should take place in Miami.
What are you reading?
Trending Stories
THE Campus
Resources for faculty and staff from our partners at Times Higher Education.
- Address bias in teaching, learning and assessment in five steps
- Is it possible to decolonise the business curriculum?
- What determines the success of an international branch campus?
- Engineering schools are riddled with issues – reinvention is required
- Rhythm of a class: lesson-planning and assessment in block teaching
Most Shared Stories
- Popular chemistry textbook's new edition will be free
- Why DEI initiatives are likely to fail (opinion) | Inside Higher Ed
- One university reimagines student affairs (opinion) | Inside Higher Ed
- Higher education should prepare for five new realities (opinion) | Inside Higher Ed
- Thinking About the 2U Layoffs | Inside Higher Ed | https://www.insidehighered.com/blogs/learning-innovation/%E2%80%98disposable-city%E2%80%99-and-%E2%80%98universities-fire%E2%80%99 | 2022-08-11T22:22:40Z | insidehighered.com | control | https://www.insidehighered.com/blogs/learning-innovation/%E2%80%98disposable-city%E2%80%99-and-%E2%80%98universities-fire%E2%80%99 | 1 | 1 | green-iguana-35 | null |
Riga, the capital of Latvia, has welcomed its 10 millionth guest since the Freeport of Riga was first established in 2000. The lucky guest and her family were aboard Costa Cruises’ Costa Fascinosa, and were treated to celebratory festivities and exclusive greetings from the city’s mayor and other local authorities.
10 Millionth Guest Celebrated in Style
Riga, which itself has a metro population of just over one million residents, has welcomed and entertained more than 10 million guests in 20 years. The lucky 10 millionth guest – Tanja Cassandra Karina Bittner from Weiherhammer, Germany – arrived aboard Costa Fascinosa on Sunday, August 7, 2022.
Bittner was traveling with her husband and 8-year-old son on the Concordia-class vessel, sailing a Northern Europe itinerary that included other amazing ports such as Stockholm, Helsinki, and Tallin.
Both active travelers, Bittner and her husband enjoy history and architecture, which inspired them to explore this Baltic itinerary.
As the honored 10 millionth guest, Bittner, along with her husband and son, was treated to a special evening program, arranged as a surprise gift by the Freeport of Riga Authority. The program included a dinner highlighting local cuisine at the historical House of the Blackheads, a private sightseeing tour, and a festive concert on the dock.
“All evening I felt like in a fairy tale! We will definitely come back to Riga again,” said Bittner.
Costa Cruises has been visiting Riga since 2005, with various ships calling on the charming port a total of 52 times in the past 15 years, bringing more than 140,000 visitors to the city.
“It is always a great pleasure to be in the beautiful Riga and an honor to witness this important milestone for Riga Port,” said Captain Mario Moretta, captain of Costa Fascinosa.
“We are extremely happy that the 10th million passenger at Riga Port is travelling with us on the Costa Fascinosa. Congratulations to Riga Port for this incredible achievement and we are looking forward to being back again in the Latvian capital.”
Visitors From Many Nations and Cruise Lines
Over the years, Riga’s popularity as a cruise destination has grown. While the majority of the city’s visitors arrive via local and regional passenger ferries, roughly 1.2 million guests have arrived via cruise ships.
More than 120 cruise ships have visited Riga since 2000, with Royal Caribbean International’s Voyager of the Seas as the largest ship to have called on the port to date. Guests have come from many countries, including Germany, the United States, Great Britain, Sweden, and Canada.
So far in 2022, more than 60 cruise ship calls have already been registered in Riga, bringing nearly 43,000 guests to the city.
A total of more than 100 visits are schedule this year, a dramatic increase from past years that may be due in part to the cancelation of St. Petersburg calls in the region, with Riga serving as an alternative port of call on many itineraries.
Cruise lines calling on Riga this year include not only Costa Cruises, but also Royal Caribbean International, Norwegian Cruise Line, TUI Cruises, P&O Cruises, Hapag-Lloyd Cruises, Oceania Cruises, MSC Cruises, and more.
When visiting the port, cruise guests can enjoy an array of shore tours to explore local culture, including visiting a local farm, browsing the diverse Central Market, guided tours of amazing architecture, photo highlight tours, and more. | https://www.cruisehive.com/costa-cruises-passenger-is-10-millionth-guest-to-riga/78762 | 2022-08-11T22:24:36Z | cruisehive.com | control | https://www.cruisehive.com/costa-cruises-passenger-is-10-millionth-guest-to-riga/78762 | 1 | 1 | green-iguana-35 | null |
Disney Cruise Line has begun to notify guests with unused Future Cruise Credits (FCCs) related to pandemic shutdown cruise cancelations that the expiration date for those credits is fast approaching.
Guests who do not use their FCCs will instead receive refunds, but will lose the bonus credit offered during the industry-wide cruise shutdown.
Credits Expire September 30
When Disney Cruise Line was forced to cancel sailings during the shutdown, guests were offered the option of either receiving a full refund, or else choosing a future cruise credit worth 125% of the cruise fare paid.
While mandatory taxes and fees, as well as specialty add-ons, were still refunded, this bonus offer tempted many prospective guests to stay invested in a cruise vacation, even as the pandemic continued and cruise ships remained inactive.
Those credits, however, are now set to expire. According to the terms of the FCCs, they must be redeemed for a Disney cruise setting sail no later than September 30, 2022.
Disney Cruise Line has sent email notifications to guests who have not used any of their FCCs to remind them of the deadline.
“We are reaching out with important information about the cruise credit you were previously provided,” the email reads. “This is a reminder, that your future cruise credit can only be used for sailings that depart by September 30, 2022.“
Disney Dream was the first of the cruise line’s ships to restart guest operations, sailing from Port Canaveral for the first time after the shutdown on August 9, 2021. The remaining Disney ships all began sailing within a few weeks, and Disney Wonder, the last ship in the fleet, set sail from San Diego on October 1, 2021.
More recently, Disney Wish debuted on July 14, 2022, as the first of the Triton-class vessels and the first new ship to join Disney Cruise Line in more than 10 years.
Guests booking a cruise using their FCCs need to be especially aware – the cruise they book must set sail no later than September 30, 2022 – less than two months away – or else the credit will not be able to be applied, and the 25% bonus will be forfeited instead.
Guests should also note that not everyone will be receiving the notification email. Only guests who have used none of their FCCs will be notified, while guests who have used some, but not all, of their credits will not be contacted. The same expiration deadline applies to all guests with pandemic-related credits.
Other Options for FCCs
With just a few weeks remaining before the FCCs expire, eager Disney Cruise Line guests may be unable to fully redeem their special offers. They will not necessarily lose all the credit, however.
If guests have sizeable future cruise credits but book a cruise for less than the amount of the credit, the remaining credit balance will be applied to the account for that cruise as a non-refundable onboard credit.
That onboard credit, then, can be used for a variety of shipboard purchases on their upcoming cruise, such as specialty makeovers, spa reservations, souvenir photographs, specialty dining, souvenirs, and more.
Guests who are unable to cruise prior to September 30, 2022, will forfeit the bonus amount of the future cruise credit, but will instead be refunded the full original fare cost. This refund will be returned to the original form of payment after September 30, but may take up to two billing cycles – one billing cycle is typically a month – to be processed.
Refunds for unused FCCs will be processed automatically and guests do not need to reach out to the cruise line.
If guests who are unable to use their future cruise credits no longer have the credit card the original cruise (canceled during the pandemic) was booked with, however, they should either reach out to their credit card company or associated bank or contact Disney Cruise Line for assistance. | https://www.cruisehive.com/disney-reminds-guests-that-future-cruise-credits-set-to-expire/78799 | 2022-08-11T22:24:42Z | cruisehive.com | control | https://www.cruisehive.com/disney-reminds-guests-that-future-cruise-credits-set-to-expire/78799 | 1 | 1 | green-iguana-35 | null |
MSC Cruises’ entire fleet just received a new marine environmental protection certification, ISO 21070:2017. The certification specifies sustainable procedures for the shipboard management of waste, from the delivery of waste to the treatment and storage of waste, and it’s set to be received by all future ships built for MSC Cruises.
MSC’s New Marine Environmental Protection Certificate
Announced today, MSC Cruises’ entire fleet achieved ISO 21070:2017 certification, and all future ships built for the line will receive this certification as they enter service.
It is designed to provide information on waste management practices for port authorities to consider when calculating fee reduction for use of port reception facilities, in accordance with European Union Directive 2019/883.
MSC Cruises’ new marine environmental protection certification, ISO 21070:2017, sets procedures for shipboard management of waste, such as handling, collection, separation, marking, treatment, and storage. The certification also describes the ship-to-shore interface and the delivery of waste from the ship to port reception facilities.
“We are delighted that our entire fleet is now certified with ISO 21070:2017. As we work to solve the great sustainability challenges that our industry faces, we continue to deploy every tool available to accelerate this, including industry standards and certification. We are and will always remain committed to environmental protection,” Minas Myrtidis, VP of Environmental Operations & Compliance, stated.
As of January 21, 2022, ISO 21070:2017 is a complimentary certificate as part of the European Union Implementing Regulation 2022/91. EU Implementing Regulation 2022/91 ensures that ships produce reduced quantities of waste and manage waste in a sustainable and environmentally sound manner.
Read Also: MSC Cruises Drops Pre-Cruise Testing from U.S. Ports
ISO, the International Organization for Standardization, is a worldwide federation of national standards bodies, ISO member bodies, and it stands to provide the most efficient management of waste and reduce the time and resource burden in segregating and handling waste on the ship and in the ports.
Prime efforts of ISO 21070:2017 include prevention/elimination/minimization of waste prior to sailing, minimization of waste at the source on the ship, waste segregation on the ship, waste minimization once segregated, waste storage on board, and health and safety concerns surrounding the handling, storage, and offloading of waste.
More Environmentally Friendly Cruise Ships Entering MSC Cruises’ Fleet
MSC Cruises has a comprehensive Sustainability Action Plan, establishing six key areas with corresponding activities, goals, and targets. The six key work streams across MSC are transitioning to net-zero emissions, scrutinizing resource use and waste, supporting our people, investing in sustainable tourism, building greener terminals, and procuring sustainably.
With the goal of transitioning to net-zero emissions, seven of its 19 ships, including its new ships, are fitted with shore power capability, enabling onboard engines to be switched off, cutting emissions.
MSC World Europa is MSC Cruises’ most sustainable and futuristic cruise ship, powered by cleaner fuel, with green technology integrated throughout the ship. Coming into service in December 2022, the 205,700-gross ton ship will commence her season with a special four-night sailing from Doha to Dubai.
With a guest capacity of 6,762, the ship is the first LNG-propelled new cruise ship for the line with the latest water recycling technology to purify wastewater and features propellers that reduce underwater noise in respect of marine wildlife.
MSC Euribria is set to debut in June 2023, offering seven-night itineraries to the Norwegian fjords from Kiel, Germany, followed by four and five-night sailings from Genoa, Italy. The 183,500 gross-ton ship features a guest capacity of 6,327.
Read Also: MSC Cruises Ships by Size, Age and Class
The new Liquefied Natural Gas (LNG) powered ship uses state-of-the-art sustainable technologies to protect and preserve our marine ecosystem. The hull of the ship is coated with special paint to reduce the growth of organisms, reduce drag, and maintain efficiency through the water.
New sister ships, MSC Seascape and MSC Seashore, are equipped with the latest-generation environmental technology with improvements to energy efficiency, upgraded systems to reduce air emissions, and an advanced wastewater treatment system with purification standards that are higher than most wastewater treatment facilities ashore.
The 181,541 gross ton MSC Virtuosa is one of the two largest in MSC Cruises’ fleet, along with her sister ship MSC Grandiosa, and is one of the most environmentally-sound ships at sea, featuring an advanced wastewater treatment system and a wide range of energy-saving equipment to maximize efficiencies such as smart heating, ventilation, and air conditioning. | https://www.cruisehive.com/msc-cruises-achieves-new-environmental-protection-certification/78800 | 2022-08-11T22:24:48Z | cruisehive.com | control | https://www.cruisehive.com/msc-cruises-achieves-new-environmental-protection-certification/78800 | 1 | 1 | green-iguana-35 | null |
Guests booked on the upcoming August 16, 2022 sailing of Norwegian Dawn have received an email confirming the cancelation of Copenhagen, Denmark, as a port of call on their itinerary. Little explanation is offered, and no additional port will be substituted on the 10-night cruise.
Copenhagen Canceled
In an email sent to booked guests, Norwegian Cruise Line has confirmed that the Libra-class Norwegian Dawn, which is currently sailing a variety of one-way northern European itineraries, will not be visiting Copenhagen on the August 16 cruise.
“We are committed to delivering exceptional vacation experiences around the world. As such, it is always our intention to maintain original itineraries,” the email reads. “However, at times, unforeseen circumstances require us to make modifications.”
Instead of calling on Copenhagen from 10 a.m. to 6 p.m. on Wednesday, August 24, the ship will have a day at sea, with no substitute port of call. The vessel will arrive in Amsterdam much earlier than previously scheduled, however.
Originally, Norwegian Dawn was planned to arrive in Amsterdam – the disembarkation port for this particular sailing – at 6 a.m. on Friday, August 26. Now, the vessel will arrive the evening before, at 4 p.m. on Thursday, August 25.
This gives guests an opportunity to have an enjoyable evening in Amsterdam. Debarkation is still planned for Friday morning at the original time.
Why the Cancelation?
Norwegian Cruise Line has offered no details explaining why the call in Copenhagen must be canceled, but it may not have to do with Denmark’s capital at all.
Recent drought and salt in the Netherlands’ North Sea Canal has created some restrictions on lock operation into the port of Amsterdam, which is limiting when vessels may enter the port.
The salt levels are of particular concern, as that impacts local water supply quality. By restricting lock operation, less salt is permitted into the canal and the water supply is better protected.
To compensate for the change in operation, vessels are only being permitted in groups rather than individual passage into Amsterdam. This is causing some delays in vessel passage, and cruise ships must plan for those delays as necessary.
Similar delays impacted Royal Caribbean International’s Jewel of the Seas earlier this month, as well as Holland America Line’s MS Rotterdam. Both cruise lines had to adjust multiple itineraries due to the low water levels and high salt content.
Because Norwegian Dawn is disembarking at Amsterdam, it is essential that the vessel arrive in a timely manner to that port. If the ship were to be delayed because of lock closure, guests’ travel plans to return home could be dramatically disrupted, as would embarkation for the next voyage, a 10-night cruise between Amsterdam and Southampton.
Norwegian Dawn has a guest capacity of 2,340 passengers per voyage, which means 4,000 or more passengers could be impacted by Amsterdam delays.
The Port of Amsterdam implemented this temporary change in scheduling on an as-needed basis in mid-July, and it will continue so long as necessary.
No Compensation Offered
At this time, guests booked on the August 16 sailing with its now-altered itinerary are not being offered any compensation for the change. This is not required, as cruise lines often have to adjust itineraries and ports of call for a variety of circumstances outside the cruise line’s control.
Poor weather, regional tensions, unexpected port traffic, dock damage, and other factors can all impact a cruise ship’s schedule.
According to Norwegian Cruise Line’s Guest Ticket Contract, part 7 section C, the cruise line has the sole discretion to “cancel any scheduled call at any port for any reason and at any time” and no mention is made of compensation for such changes. When cruise passengers book and pay for a cruise, they agree to the terms of that contract.
While the August 16 sailing of Norwegian Dawn will no longer feature Copenhagen, the ship will still be visiting a variety of other amazing destinations in northern Europe, including ports in Sweden, Finland, Estonia, Lithuania, Poland, and Germany. A total of six ports of call remain on the itinerary – seven if the early arrival into Amsterdam is included. | https://www.cruisehive.com/norwegian-cruise-line-cancels-port-of-call-for-european-sailing/78773 | 2022-08-11T22:24:54Z | cruisehive.com | control | https://www.cruisehive.com/norwegian-cruise-line-cancels-port-of-call-for-european-sailing/78773 | 1 | 1 | green-iguana-35 | null |
Although speculating on an individual EV manufacturer may present the most exciting proposition, the infrastructural road inherent in ChargePoint (CHPT) presents fewer fundamental risks. No one can say for sure which EV companies will ultimately win out in 10 or 20 years. However, if electric mobility is the answer, charging stations will always be relevant. Thus, if you had to bet on the arena, CHPT may be the ideal choice. I am neutral on ChargePoint.
Essentially, the basic thesis here is that investors of CHPT stock are selling tickets to the big game as opposed to wagering on which team will win the matchup. Back when the combustion car industry started to initiate mass production, several brands – including American Motor, Austin, and Auburn – threw their hat in the ring.
The reason you don’t hear much about the aforementioned firms? They’re defunct. Similarly, the explosion of new EV competitors – while boosting confidence in the underlying innovation – likely won’t be around over the next decade or so.
Eventually, consolidation takes over, with the most compelling brands merging together to form superior economies of scale. Unfortunately, the less-enticing companies simply go out of business. However, what would be less prone to failure are the infrastructural firms, thus natively supporting CHPT stock and its ilk.
ChargePoint Stock Analysis
On TipRanks, CHPT has an 8 out of 10 Smart Score rating. This indicates moderate potential for the stock to outperform the broader market.
CHPT Stock and Economic Realities
Typically, EV drivers respond to the criticism that the industry lacks enough infrastructure by retorting that personal residences provide all the charging infrastructure one needs. While this may be true for the more affluent drivers, according to the Office of Energy Efficiency & Renewable Energy, only “63% of all occupied housing units have a garage or carport.”
While it’s a significant figure, it also leaves out 37% of housing units that don’t have garages or carports. Likely, this dynamic won’t change anytime soon. While the median household income in the U.S. is likely around $70,000 today – it was $67,521 in 2020 – the price of everything has shot up because of the soaring inflation rate.
Indeed, with the average sales price of houses sold in the U.S. hitting $525,000 in the second quarter of this year, the dream of homeownership is slipping away from many families and individual buyers. Combine that with brewing layoffs in the technology sector, and economic realities suggest that more people will consider renting than would be normal for any other cycle.
However, the above dynamic cynically bodes well for CHPT stock. For one thing, the underlying company’s charging stations – which can be integrated into places people frequent, such as retail centers and workplaces – deliver much-needed relevance. Second, ChargePoint enjoys organic opportunities via retrofitting apartment complexes’ parking lots with EV charging posts.
The Chicken-and-Egg Problem
Although CHPT stock brings reliable long-term relevance to the table, it too can’t escape from the classic chicken-and-egg problem that impacts the EV industry. Namely, in order for EV manufacturers to justify the investment in churning out new vehicles, they must have reassurances that adequate infrastructure would be in place.
However, the infrastructure providers also face the same dilemma but from the opposite side of the fence. For them to justify their investments in building out charging posts and stations, they must have confidence that EV makers will continue to pump out new vehicles – and not just for the affluent, who likely have multiple homes with garages.
While the matter is a fundamental obstacle for CHPT stock, the risk-reward profile arguably favors ChargePoint and its peers. On the EV manufacturing side, the risk isn’t just centered on acquiring the necessary capital to produce vehicles. Rather, they must have some reasonable confidence that their particular brand will resonate with consumers over others.
Unfortunately, EVs tend to lack character, which is not something you can say about combustion cars. For instance, most people are familiar with the rumble of American V8 engines or the fuel-efficient (and reliable) nature of Japanese inline-four cylinder motors.
On the other hand, setting aside the exterior elements, the powertrain for all EVs is largely identical: a lithium-ion battery pack that scoots drivers from one place to another in relative silence. Since all EVs fundamentally do the same thing, though, each manufacturer needs to bring a compelling element to the table.
Fortunately for ChargePoint, no one cares about the brand of electrons that are transferred to their vehicles, so long as the transfer occurs.
A Look at ChargePoint’s Financials
Although the broader narrative for CHPT stock is intriguing, investors must consider the underlying financial profile. Unfortunately, this is where the wheels start to come off a bit from ChargePoint’s thesis. For the three months ended April 30, 2022 (the company’s most recent quarterly report), ChargePoint delivered total revenue of $81.6 million, a doubling of its year-ago quarter’s sales tally of $40.5 million.
Unfortunately, under the cost of revenue, the line item for networked charging systems spiked up to $56.3 million in the latest quarter (compared to $23.7 million one year ago). The end result is that gross profit for the most recent quarter was $12.1 million, only a 31% lift from the year-ago level.
In addition, the net loss for the three months ended April 30, 2022, was $89.3 million, comparing very unfavorably to the net loss of $46.6 million against the prior-year level. Therefore, CHPT stock isn’t without its own significant risks.
What is the Target Price for CHPT Stock?
Turning to Wall Street, CHPT stock has a Moderate Buy consensus rating based on eight Buys, four Holds, and no Sells assigned in the past three months. The average CHPT price target is $19.13, implying 14.6% upside potential.
Takeaway – ChargePoint is the Best House in the Worst Block
While the transition to EV presents an exciting long-term opportunity, for now, the harsh economic realities of the moment present substantial headwinds, both for EV manufacturers and infrastructure providers. However, when push comes to shove, if one had to invest in this space, CHPT stock presents an ideal narrative.
No one knows for sure which EV brand will emerge as the dominant player. However, everyone will need access to convenient charging, making ChargePoint’s business model more credible in a relative sense. | https://www.tipranks.com/news/article/if-you-must-invest-ev-sector-chargepoint-chpt-stock-may-be-best-bet/ | 2022-08-11T22:29:01Z | tipranks.com | control | https://www.tipranks.com/news/article/if-you-must-invest-ev-sector-chargepoint-chpt-stock-may-be-best-bet/ | 1 | 1 | green-iguana-35 | null |
WalkMe (WKME), a cloud-based digital adoption platform, reported its Q2-2022 earnings results earlier today. Both revenue and earnings per share (EPS) topped analyst estimates. As a result, the stock finished 9.2% higher today.
Here are some key highlights from WKME’s Q2 earnings report:
- Revenue grew 28% year-over-year, reaching $59.9 million and beating estimates by about 0.9%. Subscriptions made up 90.5% of sales and grew at the same rate.
- Earnings per share were -$0.19 compared to EPS of -$0.16 in Q2 2021, beating the consensus estimate of -$0.23.
- Remaining Performance Obligation (RPO), calculated as a company’s backlog + deferred revenues, came in at $346 million, increasing 33% compared to the prior-year period.
- Free cash flow was -$12.2 million for the quarter. In Q2 of last year, the company lost only -$7.4 million.
- Annual recurring revenue from Digital Adoption Platform users increased 60% year-over-year.
- The company had cash and equivalents of nearly $318 million at the end of the quarter.
WKME also gave Q3 and full-year guidance. It expects Q3 revenue to grow about 24% to 25% year-over-year and its non-GAAP operating earnings to be between -$15.5 million to -$16.5 million. For the full year, revenue is expected to grow by 27% to 29%, and operating income should range from -$65 million to -$68 million.
Website Traffic Hinted at Strong Revenue Growth
TipRanks’ Website Traffic Tool, which uses data from SEMrush Holdings (SEMR), the world’s biggest website usage monitoring service, offers insight into WalkMe’s performance this quarter.
According to the tool, WalkMe’s website recorded a 115.2% rise in global visits in Q2, compared to the same period last year. Moreover, year-to-date, WKME’s traffic increased by 82.99% compared to the previous year. This explains the company’s solid revenue growth for the period.
Is WKME a Good Stock to Buy?
Turning to Wall Street, WalkMe has a Strong Buy consensus rating based on seven Buys and two Holds assigned in the past three months. The average WalkMe price target of $16.75 implies 36.6% upside potential. Price targets range from a low of $10 to a high of $28. With the stock currently at $12.26, the high price target implies that the stock could potentially more than double from here.
Conclusion: A Solid Earnings Beat, but No Profitability
WKME did well to beat both EPS and revenue expectations in Q2. The company is experiencing strong growth, and it looks like this growth will continue. However, its losses are expanding, which is not the greatest sign.
Nonetheless, it can maintain those losses right now as it has no debt and a large amount of cash that makes up over 30% of its market cap. Analysts are also very bullish on the stock. Therefore, even though it is generating losses, it may be a stock worth considering for growth investors. | https://www.tipranks.com/news/why-walkme-stocks-earnings-surprised-investors-sparking-a-9-2-rally/ | 2022-08-11T22:29:08Z | tipranks.com | control | https://www.tipranks.com/news/why-walkme-stocks-earnings-surprised-investors-sparking-a-9-2-rally/ | 1 | 1 | green-iguana-35 | null |
When you think about hypertension, heart disease usually comes to mind. But now expectant moms have another reason for concern.
Dr. Karen Schliep, Led Study says “There have been suggestions that it is also related to the future risks of dementia.”
Dr. Karen Schliep led the study of nearly 60- thousand women who had experienced a pregnancy. She recently presented her findings at the Alzheimer’s Association's International Conference.
Dr. Karen Schliep says “Our findings was that whether you have gestational diabetes or
Research shows that hypertensive disorders of pregnancy or HDP occurs in nearly one in seven pregnancies
But there is some good news .
Dr. Karen Schliep says “If you have a pregnancy complication like hypertensive pregnancies, they have found if you come in for care and go through regular women’s health visits be properly treated for future risks of hypertension.
Dr. Schliep says that also means making modifications in things like your diet, lifestyle, and treatment.
Dr. Karen Schliep says “This is something that we can do something about. We need that proper follow up and communication with your primary care provider particularly for women who experience pregnancy complications.” | https://www.local3news.com/eye-on-health-alzheimers-study-shows-link-between-hypertension-and-pregnancy/article_f63847e2-19ad-11ed-a323-5703b502f823.html | 2022-08-11T22:29:28Z | local3news.com | control | https://www.local3news.com/eye-on-health-alzheimers-study-shows-link-between-hypertension-and-pregnancy/article_f63847e2-19ad-11ed-a323-5703b502f823.html | 1 | 1 | green-iguana-35 | null |
The Senate recently passed Georgia Senator Jon Ossoff's legislation to boost solar manufacturing in America.
The Solar Energy Manufacturing for America Act is aimed at strengthening American energy independence and reducing dependence of overseas imports.
“What this bill is going to do is incentivize direct manufacturing products in the United States. It is going to give us more control over our supply chains and that is how we strengthen our energy independence by producing more of these products at home,” Scott Moskowitz said.
The Solar Energy Manufacturing for America Act will help create more jobs, lower energy costs, and more.
Scott Moskowitz is the Head of Public Affairs for QCELLS, a solar manufacturing company in Dalton.
He said the Senate’s decision is timely with the company's recent announcement.
“It currently employees about 750 people and we are in the process of expanding and nearly doubling its capacity. We are going to bring on another 470 workers, well over a thousand people employed full time at that site in Dalton. That new investment of 171 million dollars is on top of what we originally invested. It makes that site the leading solar panel manufacturing facility in the country,” Moskowitz said.
SEMA will help QCELLS produce other expansions in the future, continuing to help the industry grow.
Moskowitz said this is just one step in meeting the demand for solar energy.
“Solar in most years us the leading form of new energy installed in the United States. We are installed more solar than we are natural gas, wind, and any other type of energy technology at the moment,” Moskowitz said.
He thanks Senator Ossoff and Warnock for their on-going support of clean energy and clean energy manufacturing.
“We have not had anything like this in the United States in a long time even though we want it to be a key manufacture for advanced technology like this. Georgia remains a fantastic place to be in the advanced manufacturing industry, we have a diverse set of businesses and industries here and a great high quality workforce,” Moskowitz said. | https://www.local3news.com/new-legislation-to-increase-solar-manufacturing-in-the-u-s/article_b4a24faa-19b0-11ed-baa2-5b91547334e4.html | 2022-08-11T22:29:46Z | local3news.com | control | https://www.local3news.com/new-legislation-to-increase-solar-manufacturing-in-the-u-s/article_b4a24faa-19b0-11ed-baa2-5b91547334e4.html | 1 | 1 | green-iguana-35 | null |
WASHINGTON — If you were exposed to COVID-19, take three home tests instead of two to make sure you’re not infected, according to new U.S. recommendations released Thursday.
Previously, the Food and Drug Administration had advised taking two rapid antigen tests over two or three days to rule out infection. But the agency says new studies suggest that protocol can miss too many infections, and could result in people spreading the coronavirus to others, especially if they don't develop symptoms.
The new guidance applies to people without symptoms who think they may have been exposed. People with symptoms can continue using two tests spaced 48 hours apart.
Thursday's update reflects the evolving understanding of the accuracy of antigen tests, which are less sensitive than laboratory tests but have become the standard testing approach due to their speed and convenience. Instead of detecting the coronavirus itself, they detect protein traces, known as antigens, similar to rapid flu tests.
Health officials have repeatedly cautioned that the tests can give false negatives if taken too early. The Centers for Disease Control and Prevention recommends people without symptoms wait five days after an exposure. That's because it generally takes several days before the antigens reach levels detectable via testing with a nose swab.
All 22 home antigen tests on the U.S. market were authorized for emergency use based on preliminary data, while companies and researchers gathered more definitive metrics on their accuracy.
The FDA said its latest decision reflects new information on the accuracy of antigen tests. In a government study, adding a third test improved accuracy from 62% to 79%. | https://www.krem.com/article/news/health/coronavirus/fda-recommends-3-home-covid-tests-if-exposed-to-boost-accuracy/507-83d87fc6-0948-41f2-80d6-9ce6d6a0b9db | 2022-08-11T22:29:57Z | krem.com | control | https://www.krem.com/article/news/health/coronavirus/fda-recommends-3-home-covid-tests-if-exposed-to-boost-accuracy/507-83d87fc6-0948-41f2-80d6-9ce6d6a0b9db | 1 | 1 | green-iguana-35 | null |
WASHINGTON — After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s nearly irresistible. The House is poised to pass a transformative bill Friday that would provide the most spending to fight climate change by any one nation ever in a single push.
Friday’s anticipated action comes 34 years after a top scientist grabbed headlines warning Congress about the dangers of global warming. In the decades since, there have been 308 weather disasters that have each cost the nation at least $1 billion, the record for the hottest year has been broken 10 times and wildfires have burned an area larger than Texas.
The crux of the long-delayed bill, singularly pushed by Democrats in a closely divided Congress, is to use incentives to spur investors to accelerate the expansion of clean energy such as wind and solar power, speeding the transition away from the oil, coal and gas that largely cause climate change.
The United States has put the most heat-trapping gases into the air, burning more inexpensive dirty fuels than any other country. But the nearly $375 billion in climate incentives in the Inflation Reduction Act are designed to make the already plummeting costs of renewable energy substantially lower at home, on the highways and in the factory. Together these could help shrink U.S. carbon emissions by about two-fifths by 2030 and should chop emissions from electricity by as much as 80%.
Experts say it isn't enough, but it's a big start.
“This legislation is a true game-changer. It will create jobs, lower costs, increase U.S. competitiveness, reduce air pollution,” said former Vice President Al Gore, who held his first global warming hearing 40 years ago. “The momentum that will come out of this legislation, cannot be underestimated."
The U.S. action could spur other nations to do more — especially China and India, the two largest carbon emitters along with the U.S. That in turn could lower prices for renewable energy globally, experts said.
Because of the specific legislative process in which this compromise was formed, which limits it to budget-related actions, the bill does not regulate greenhouse gas emissions, but deals mainly in spending, most of it through tax credits as well as rebates to industry, consumers and utilities.
Investments work better at fostering clean energy than regulations, said Leah Stokes, an environmental policy professor at the University of California, Santa Barbara. The climate bill is likely to spur billions in private investment, she said: “That’s what’s going to be so transformative.”
The bill promotes vital technologies such as battery storage. Clean energy manufacturing gets a big boost. It will be cheaper for consumers to make climate-friendly purchasing decisions. There are tax credits to make electric cars more affordable, help for low-income people making energy-efficiency upgrades and incentives for rooftop solar and heat pumps.
There are also incentives for nuclear power and projects that aim to capture and remove carbon from the atmosphere.
The bill moves to ensure that poor and minority communities that have borne the brunt of pollution benefit from climate spending. Farmers will receive help switching to climate-friendly practices and there’s money for energy research and to encourage electric heavy-duty trucks in place of diesel.
The Superfund program, used to pay for cleanup of the nation’s most heavily-polluted industrial sites, will receive more revenue from a bigger tax on oil.
The Rhodium Group research firm estimates the bill would dramatically change the arc of future U.S. greenhouse gas emissions, cutting them by 31% to 44% in 2030, compared to what had been shaping up to be 24% to 35% by 2005 without the bill, said Rhodium partner John Larsen. Clean power on the grid, an upcoming Rhodium report says, would jump from under 40% now to between 60% and 81% by 2030, he said.
“It’s not as big as I want, but it’s also bigger than anything we’ve ever done,″ said Sen. Brian Schatz, a Hawaii Democrat who leads the Senate climate caucus. “A 40% emissions reduction is nothing the U.S. has ever come close to before.″
As decisive a change as it is for U.S. policy and emissions, it still does not reach the official U.S. goal of cutting carbon pollution roughly in half by 2030 to achieve net-zero carbon emissions across the economy by 2050.
Not everyone is impressed.
"This law is big for the U.S. but in global terms long overdue," said Niklas Hohne, co-founder of the New Climate Institute in Germany. "The U.S. has a long way to go on climate change and is starting from a very, very high emission level.”
When U.S. historic carbon emissions are factored in, U.S. spending still lags behind Italy, France, South Korea, Japan and Canada, according to Brian O'Callaghan, lead researcher at the Oxford Economic Recovery Project at the University of Oxford. He noted the bill has nothing to fulfill America's broken promise of billions of dollars in climate aid for poor nations.
President Joe Biden has frequently said America is back in the fight against climate change, but other leaders have been skeptical with no legislation to back his claim.
And there may be disappointment. Americans hoping to buy an electric car may find many models ineligible for rebates until more components are made in the U.S. Local fights over siting new renewable energy projects could also hamper the pace of the buildout, some experts said. Environmental justice communities are concerned they'll be asked to accept new carbon capture projects.
Republicans, who unanimously opposed the bill in the Senate, say it would add to consumers’ energy costs, with House GOP Whip Steve Scalise claiming it “wastes billions of dollars in Green New Deal slush funds.”
Rhodium’s Larsen, who crunched the numbers in the bill, said it would lead to consumers paying up to $112 less a year in energy costs.
“As long as I’ve been in this game, progress on climate has always been higher costs for consumers. That’s not how this bill works,” Larsen said in an interview.
The Democrats didn't have a vote to spare in the evenly divided Senate and Sen. Joe Manchin, a conservative Democrat from coal-producing West Virginia, had long dashed hopes of an ambitious deal. But two weeks ago, faced with public shaming by environmental groups and sharp criticism even from his own colleagues, he stunned Washington by announcing his support for a bill that reduces drug costs, targets inflation and boosts renewables. Since the deal was announced July 27, Manchin has been an avid cheerleader for its passage. Sen. Krysten Sinema, D-Arizona, provided the vital 50th vote, allowing Vice President Kamala Harris to break the Senate tie.
The result is a 755-page bill that spends money without directly taking on fossil fuels, a disappointment to many on the left. Gore said the fossil fuel industry ran a decades-long “deeply unethical campaign to deceive people around the world,” casting doubt on climate change science.
The industry will face higher royalties and new fees for certain excess methane emissions, a potent greenhouse gas — a rare stick amid carrots. But the fossil fuel industry will remain a powerful force and have guaranteed opportunities to expand on federal lands and off the coast before renewables can be built in those places.
Nevertheless, “the undeniable outcome of this will be a real expansion of wind and solar,” said Harrison Fell, a professor focused on energy policy at North Carolina State University.
In 1988 on a steamy summer day, top NASA climate scientist Jim Hansen brought to public attention for the first time the decades-old concept of global warming when he told Congress carbon dioxide was heating up the Earth. That year became the hottest on record. Now, there have been so many hot years it ranks 28th hottest and Hansen has said he wishes his warnings didn't come true about climate change.
“It’s a mark of shame that it took this long for our political system to react,” said Bill McKibben, a long-time climate activist, adding that it leaves the fossil fuel industry with too much power. “But this will help catalyze action elsewhere in the world; it’s a declaration that hydrocarbons are finally in decline and clean energy ascendant, and that the climate movement is finally at least something of a match for Big Oil.” | https://www.krem.com/article/news/nation-world/congress-climate-change-bill-vote/507-4bab2b92-6dc9-4dcb-9662-daf31aef801b | 2022-08-11T22:30:09Z | krem.com | control | https://www.krem.com/article/news/nation-world/congress-climate-change-bill-vote/507-4bab2b92-6dc9-4dcb-9662-daf31aef801b | 1 | 1 | green-iguana-35 | null |
WASHINGTON — Whether it's the fitness tracker on your wrist, the “smart” home appliances in your house or the latest kids’ fad going viral in online videos, they all produce a trove of personal data for big tech companies.
How that data is being used and protected has led to growing public concern and officials’ outrage. And now federal regulators are looking at drafting rules to crack down on what they call harmful commercial surveillance and lax data security.
The Federal Trade Commission announced the initiative Thursday, seeking public comment on the effects of companies’ data collection and the potential benefit of new rules to protect consumers’ privacy.
The FTC defines commercial surveillance as “the business of collecting, analyzing and profiting from information about people.”
In Congress, bipartisan condemnation of the data power of Meta — the parent of Facebook and Instagram — Google and other tech giants that have earned riches by aggregating consumer information used by online advertisers, has brought national data privacy legislation to its closest point ever to passage.
Around the country, parents’ concern has deepened over the impact of social media on children. Frances Haugen, a former Facebook data scientist, stunned Congress and the public last fall when she exposed internal company research showing apparent serious harm to some teens from Instagram. Those revelations were followed by senators grilling executives from YouTube, TikTok and Snapchat about what they’re doing to ensure young users’ safety in the wake of suicides and other harms to teens attributed by their parents to their usage of the platforms.
The Democratic members of the FTC said Thursday it’s imperative for Congress to pass a new law, but that the agency was taking action in the meantime by issuing the notice of proposed rules.
“Mass surveillance has heightened the risks and stakes of data breaches, deception, manipulation and other abuses,” the FTC said..
Agency officials noted that the FTC has brought hundreds of enforcement actions against companies over the last two decades for violations of privacy and data security. They included cases involving the sharing of health-related data with third parties, the collection and sharing of sensitive TV viewing data for targeted advertising, and failure to put in adequate security measures to protect sensitive data such as Social Security numbers.
However, the officials said, the FTC’s ability to deter illegal conduct is limited because it generally lacks authority to seek financial penalties for initial violations of law. That could change if the comprehensive privacy legislation were to clear Congress.
“Firms now collect personal data on individuals at a massive scale and in a stunning array of contexts,” FTC Chair Lina Khan said in an online news conference. “Our goal today is to begin building a robust public record to inform whether the FTC should issue rules to address commercial surveillance and data security practices, and what those rules should potentially look like.”
“We are very, very eager to hear from the public,” Khan said.
Topics of interest could include how companies use algorithms and automated systems to analyze the information they collect, and the potential effects of various data practices.
Khan, who was an outspoken critic of Big Tech as a law professor, was appointed by President Joe Biden last year to head the FTC — an independent agency that polices competition and consumer protection as well as digital privacy.
The rulemaking proposal was adopted in a 3-2 vote by the five FTC commissioners. Khan and the other two Democrats voted to issue it, while the two Republicans opposed it. | https://www.krem.com/article/news/nation-world/ftc-considers-limiting-tech-data-collection/507-680349d7-a106-4af6-90b4-474fbb55f1a7 | 2022-08-11T22:30:15Z | krem.com | control | https://www.krem.com/article/news/nation-world/ftc-considers-limiting-tech-data-collection/507-680349d7-a106-4af6-90b4-474fbb55f1a7 | 1 | 1 | green-iguana-35 | null |
Several viral videos posted to TikTok and Instagram have claimed titanium dioxide, a whitening agent, is harmful for people who use tampons.
Bobby Parrish, a social media influencer with more than 1 million followers on Instagram, said titanium dioxide is “really bad for reproductive health” and claims it can cause excessive bleeding.
THE QUESTION
Is there evidence that titanium dioxide in tampons causes reproductive harm?
THE SOURCES
- American College of Obstetricians and Gynecologists
- American Chemistry Council
- Jen Gunter, M.D., an OB/GYN and a pain medicine physician and author of The Vajenda blog
- Tampax
THE ANSWER
No, there’s no evidence titanium dioxide in tampons causes reproductive harm.
WHAT WE FOUND
Titanium dioxide is white in color and is used to enhance the color and sheen of certain foods and everyday household products, including some brands of tampons.
According to the website for Tampax, one of the major manufacturers of tampons, titanium dioxide is used to make the thread used in the product look whiter.
Gynecologist Jen Gunter, M.D., wrote on her women’s health blog that despite claims about titanium dioxide and tampons that are being shared in the viral videos, people should not be worried.
“Please don’t panic about titanium dioxide in tampon strings,” Gunter wrote on her women’s health blog, The Vajenda. “Yes, I know there are scary videos circulating on TikTok, but this is chemophobia. And it’s also awful fear mongering as I have received panicked messages from women worried their tampons caused their pre-cancer of the cervix.”
She wrote the viral videos are citing studies done on rats. In those studies, the rats were exposed to titanium dioxide for prolonged amounts of time through inhalation, and some of them developed cancerous tumors in their lungs.
Humans aren’t exposed to the titanium dioxide in tampons in the same way, and titanium dioxide doesn’t typically dissolve in water, Gunter said.
“Titanium dioxide doesn’t dissolve in water, meaning the nanoparticles aren’t going to dissolve from the tampon string and get into the blood that might be pooling in the vagina and then get absorbed by the body,” Gunter wrote. “Meaning, you don’t have to worry that the blood soaked tampon string is leaking titanium dioxide nanoparticles into your vagina. When products like titanium dioxide are put on fabric, the point is to have them stay put on that fabric through the miracle of chemistry.”
In a post about titanium dioxide on their website, the American Chemistry Council (ACC) addresses those studies conducted on rats.
The ACC says titanium dioxide has been classified as “possibly carcinogenic to humans” by The International Agency for Research on Cancer, but that determination was based on animal studies, adding “extensive studies on titanium dioxide industry workers do not suggest an association between occupational exposure to titanium dioxide and an increased risk for cancer in humans.”
The American College of Obstetricians and Gynecologists told VERIFY, “There is no evidence that suggests that any tampons are safer than any other tampons, so we do not recommend any over the others. The most important thing regarding tampon safety is not to leave them in for more than eight hours in order to reduce the risk of toxic shock syndrome.” | https://www.krem.com/article/news/verify/health-verify/no-evidence-titanium-dioxide-in-tampons-causes-harm/536-78cc8bb6-b12d-4928-ba81-ea909aa33092 | 2022-08-11T22:30:22Z | krem.com | control | https://www.krem.com/article/news/verify/health-verify/no-evidence-titanium-dioxide-in-tampons-causes-harm/536-78cc8bb6-b12d-4928-ba81-ea909aa33092 | 1 | 1 | green-iguana-35 | null |
A law enforcement standoff with a suspect who authorities say attempted to breach the FBI's field office in Cincinnati on Thursday has ended, according to Clinton County Emergency Management Agency.
Officials gave no additional details on how the standoff ended or details on the suspect's condition. The standoff followed a chase with the suspect.
An armed man tried to enter the FBI office in Cincinnati Thursday morning around 9:15 a.m. ET, Lt. Nathan Dennis, a spokesperson for the Ohio State Highway Patrol, said in a news conference. The suspect was unsuccessful, however, and fled the area.
An Ohio state trooper spotted the suspect's vehicle at a northbound rest stop along Interstate 71 about 20 minutes after the attempted breach, Dennis said, and tried to initiate a traffic stop before the suspect fled.
"The suspect vehicle did fire shots during that pursuit," Dennis said. The suspect then exited onto State Route 73 and traveled east to Smith Road, where he headed north before eventually coming to a stop.
"Gunfire was exchanged between officers on scene and the suspect," Dennis said, adding the situation remains contained to a specific area and there is no risk to the public outside the immediate area.
At the time of the news conference, no officers had been injured, Dennis said. He declined to answer questions about whether the suspect had been positively identified or injured in the standoff with authorities.
A law enforcement source later told CNN authorities have identified the suspect.
The FBI confirmed the incident in a statement, saying it had "an armed subject attempt to breach" the facility's Visitor Screening Facility.
"Upon the activation of an alarm and a response by armed FBI special agents, the subject fled northbound onto Interstate 71," the statement said. "The FBI, Ohio State Highway Patrol, and local law enforcement partners are on scene near Wilmington, OH trying to resolve this critical incident."
A federal law enforcement source told CNN thse suspect was believed to be armed with a nail gun and AR-15. Another federal law enforcement source with knowledge of the incident told CNN FBI facilities around the country are reviewing their security posture in the wake of the incident.
The incident follows violent rhetoric posted online after the FBI went to former President Donald Trump's Florida home to serve a search warrant.
In a message reviewed by CNN on Thursday, FBI Director Chris Wray told the bureau's employees their "safety and security" was his "primary concern right now."
"There has been a lot of commentary about the FBI this week questioning our work and motives," Wray said. "Much of it is from critics and pundits on the outside who don't know what we know and don't see what we see. What I know -- and what I see -- is an organization made up of men and women who are committed to doing their jobs professionally and by the book every day; this week is no exception."
In remarks Thursday announcing the US Justice Department has filed a motion to unseal the search warrant served to Trump's Florida home, Attorney General Merrick Garland said he could not "stand by silently when their integrity is unfairly attacked. The men and women of the FBI and the Justice Department are dedicated, patriotic public servants."
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.local3news.com/regional-national/standoff-with-an-armed-suspect-who-tried-to-enter-the-fbis-cincinnati-office-has-ended/article_2ab73143-9998-519a-a7fc-f5023db92948.html | 2022-08-11T22:30:23Z | local3news.com | control | https://www.local3news.com/regional-national/standoff-with-an-armed-suspect-who-tried-to-enter-the-fbis-cincinnati-office-has-ended/article_2ab73143-9998-519a-a7fc-f5023db92948.html | 1 | 1 | green-iguana-35 | null |
The new director of the Bureau of Alcohol, Tobacco, Firearms and Explosives took the agency's helm last month at a time when gun violence and extremism are on the rise, putting him among a handful of top federal officials tasked with preventing and responding to high-profile incidents of violent crime rocking the nation.
"I think the first thing we need to do is to be honest about the fact that we have a problem," Steve Dettelbach, the ATF's first Senate-approved leader in seven years, told CNN in an interview this week. "I will tell you, it's gotten more bold, more brazen and more violent."
For Dettelbach, some of the problems on his hands are personal. With officials warning that faith-based communities will continue to be the targets of violence, he says his own faith has given him an important perspective on the matter.
"For too long -- and I say this as somebody who's dealt with a lot of victims in hate crimes and somebody who is Jewish American and raising Jewish children in this country -- for too long I think it was too easy for us to write off some of the rhetoric that was going on as kind of harmless, crazy rhetoric right until it wasn't harmless anymore," he said.
"I think anti-religious violence is a very real and troubling thing that we're facing. And it doesn't just go to any one group. Whether you're Muslim, whether you're Jewish, whether you're Christian," Dettelbach added. "I see reports of crimes that come across my phone daily and we're facing a lot of anti-religious violence."
Top officials with the Federal Bureau of Investigation and the Department of Homeland Security have warned that faith-based communities will likely remain targets for violence, urging state and local partners to evaluate their security postures for mass gathering events and at houses of worship.
Online forums linked to domestic violent extremists have referenced Jewish targets tied to conspiracy theories about Covid-19, the outcome of the 2020 election and "even the Taliban takeover of Afghanistan and resettlement of Afghans to the United States," according to an FBI and DHS letter obtained by CNN.
As a father, Dettelbach's message to other parents concerned about their kids' safety at school was an honest one: his agency will be relentless in its work to combat gun violence.
"There's absolutely nothing that a dad or a leader of a law enforcement agency can say to those families, except that we're going to be doing our best at ATF 24 hours a day, seven days a week, to try and help solve this problem," he said.
Dettelbach also took control of the agency at a time when the country is experiencing a surge in gun violence and a spate of mass shootings. Among other things, he's in charge of enforcing the Bipartisan Safer Communities Act, which, after being signed into law in June by President Joe Biden, became the most significant new federal legislation to address gun violence in decades.
Asked whether it feels there is an endless race against time to try to stop the next shooting, Dettelbach said: "You can call it an endless race to try and save people. You can call it the pounding, the pounding of (that's) in my head, in our heads all the time."
"So do I feel pressure? Yeah, I feel pressure. But it's no more pressure than the 5,000 folks at ATF have been feeling for years trying to deal with this," he said.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.local3news.com/regional-national/we-have-a-problem-new-atf-director-takes-agencys-reins-as-country-confronts-a-rise/article_74757a5d-870a-5078-9252-335c503d1b32.html | 2022-08-11T22:30:29Z | local3news.com | control | https://www.local3news.com/regional-national/we-have-a-problem-new-atf-director-takes-agencys-reins-as-country-confronts-a-rise/article_74757a5d-870a-5078-9252-335c503d1b32.html | 1 | 1 | green-iguana-35 | null |
David Condos, a reporter for the Kansas News Service, has won a National Edward R. Murrow Award — one the most prestigious prizes in broadcast journalism — for his coverage of western Kansas, its ongoing problems with water, its history of racism and how meatpacking transformed the region.
The Radio Television Digital News Association announced the award on August 11. Condos won the award for Excellence in Writing in its small market category.
Condos is a reporter for High Plains Public Radio (HPPR) and the Kansas News Service, which is based at KCUR. It’s the first-ever national Murrow Award for HPPR in the station’s 42-year history.
He won the award for three stories written and reported for Kansas News Service:
- What The History Of 'Noose Road' Tells Us About Kansas, Race And The Lynchings Of Black Men
- Farmers Trying To Save The Ogallala Aquifer Face Tension From Peers, But Their Profits Are Improving
- How a meatpacking plant changed one Kansas town 40 years ago and left a Colorado community behind
See all of David Condos' reporting.
“A national organization recognized what’s obvious to people in Kansas, that David is a talented and serious journalist,” said Scott Canon, the managing editor of the Kansas News Service. “His work has brought important stories to a statewide and national audience. David’s ability to report complicated stories in easily digestible ways is a rare thing.”
The award was given based on “excellence in writing that conveys the feeling and significance of events to the listener or viewer.” The Murrow Awards are among the most prestigious in news, recognizing the importance and impact of journalism as a service to the community.
Condos took home three regional Edward R. Murrow Awards earlier this year. Additionally, he received two national awards from the Public Media Journalists Association (PMJA): First place in enterprise reporting for his series on racism in Kansas, “Race in the Free State,” and second place in Photojournalism for his photo of Elizabeth Dole at the funeral of former U.S. Sen. Bob Dole.
Condos will be recognized alongside all of the award winners at the RTDNA’s gala in New York City in October. | https://www.kcur.org/inside-kcur/2022-08-11/kansas-news-service-reporters-work-wins-national-award-for-great-plains-coverage | 2022-08-11T22:32:06Z | kcur.org | control | https://www.kcur.org/inside-kcur/2022-08-11/kansas-news-service-reporters-work-wins-national-award-for-great-plains-coverage | 1 | 1 | green-iguana-35 | null |
The locations of lead service lines seem like the sort of thing someone would know, Congresswoman Sharice Davids said Thursday.
But as cities and counties across the U.S. grew, water utilities didn’t keep track of them all.
Now, they’re finally required to find them. The Environmental Protection Agency’s updated lead and copper rule requires utilities to create a lead service line inventory by October 2024.
Lead pipes — and infrastructure in general — is the sort of thing people don’t worry about until something has gone wrong, Davids said.
“That’s why it’s so important for us to be thinking about these infrastructure investments now so that in 50 years from now our children and grandchildren aren’t looking back and saying…why didn’t they take an inventory?” said Davids, D-Kansas.
Davids met Thursday with officials from local water utilities, the Environmental Protection Agency and Kansas Department of Health and Environment for an update on local efforts to inventory and replace lead service lines. And she visited the Olathe home of Jerry Land, a retired Teamster, where crews just replaced his lead service line.
Over the last six months, The Missouri Independent and NPR’s Midwest Newsroom have collaborated on a series of stories examining the issue of high levels of lead in children in Iowa, Kansas, Missouri and Nebraska.
Since lead was phased out of gasoline and prohibited from new pipes and paint, lead poisoning among children has plummeted. But the U.S. has not historically mandated widespread eradication of lead paint and pipes, so the danger remains, especially in the homes of poor and minority families.
Lead is a dangerous neurotoxin, and water is estimated to make up about 20% of a child’s lead exposure, according to the EPA.
The EPA banned new lead pipes in 1986 but never required utilities to thoroughly inventory their lead pipes before a crisis. Utilities have rarely been required to replace them under the federal lead and copper rule.
“This seems like the kind of thing where you’re like, ‘Oh, of course we would know,’ but with the ways that the cities have developed out, our county sometimes that information just is not readily available,” Davids said.
Now, the EPA is requiring utilities to find the lead lines — an estimated 5 to 10 million around the country — by 2024. And the bipartisan infrastructure bill approved by Congress last year includes $15 billion to replace them.
Davids worked on the bill as vice chair of the transportation and infrastructure committee.
She said local, state and federal officials told her about efforts to spread the word on lead service line replacement to hard-to-reach communities and the timeline for completion of the inventories due in just over two years.
It’s unclear how many lead service lines might remain in Kansas, but Jeffery Robichaud, water director for EPA Region VII, estimated it was at least 150,000, meaning hundreds of thousands of Kansans may be drinking water from those pipes.
Efforts to replace them are already underway in Olathe.
Land’s 100-year-old home was among the first in the city to have its lead line replaced. Land has lived there since the mid 1990s, and his late wife owned the house before.
The city sent Land and other homeowners in Olathe’s disadvantaged communities a letter notifying them of the lines, said Megan Spence, the city’s distribution compliance manager.
Land didn’t realize the lead line was there.
“I really didn’t know any different,” Land said. “I didn’t really tell any difference until they told me there could be lead…in it.”
He quickly agreed to have the lead line taken out. He said the city quickly removed it and replanted the grass they dug up a few days later.
“I was kind of worried a little bit, so I said, ‘Yeah, I want it out.’”
The Missouri Independent and the Midwest Newsroom are jointly exploring the issue of high levels of lead in the children in Iowa, Kansas, Missouri and Nebraska. | https://www.kcur.org/news/2022-08-11/kansas-congresswoman-sharice-davids-touts-federal-funds-for-lead-line-replacement | 2022-08-11T22:32:12Z | kcur.org | control | https://www.kcur.org/news/2022-08-11/kansas-congresswoman-sharice-davids-touts-federal-funds-for-lead-line-replacement | 1 | 1 | green-iguana-35 | null |
CORDELE, Ga. (WTXL) — A hospital authority in Clinch County was awarded a grant from the United States Department of Agriculture Thursday.
The USDA announced Thursday that the Clinch Hospital Authority will receive a grant worth $498,200 to provide the Hospital Authority of Clinch County funds to allow Clinch Memorial Family Practice to operate six days a week to test, vaccinate treat and educate on the COVID-19 pandemic.
The Clinch Hospital Authority was one of multiple entities to receive a portion of a $4.5 million in grant funding specially allocated to healthcare in rural Georgia.
The USDA held a press conference in Cordele Thursday announcing the award.
“Every American deserves access to high-quality and reliable health care services like urgent care and primary care, and President Biden, Vice President Harris, and Agriculture Secretary Vilsack know that people in rural communities deserve that access just as much as anyone,” USDA under secretary for rural development Xochit Torres Small said.
According to the news release, funding was made possible from the Emergency Rural Health Care Grants Programs via the American Rescue Plan Act.
Georgia Democratic Rep. Sanford Bishop (Ga.-02), who represents southwest and middle Georgia in the United States House of Representatives, attended the news conference announcing the award.
“Access to affordable health care that is close to home is a crucial quality of life issue for our rural communities,” Bishop said in a statement. “I have had many conversations with rural community leaders about the enormous strain they faced because of the COVID-19 pandemic — which hit us hard in Middle and Southwest Georgia. That is why I made sure the American Rescue Plan Act included emergency support for rural health care providers. I am glad to see that these funds are coming home to Cordele and other rural communities facing similar needs.”
Bishop is the chairman of the U.S. House of Representatives Appropriations Subcommittee on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies. | https://www.wtxl.com/news/local-news/clinch-county-hospital-authority-awarded-usda-grant | 2022-08-11T22:33:30Z | wtxl.com | control | https://www.wtxl.com/news/local-news/clinch-county-hospital-authority-awarded-usda-grant | 1 | 1 | green-iguana-35 | null |
CAIRO, Ga. (WTXL) — “Grady County, just like every other county in this country, is seeing a shortage of bus drivers,” Dr. Eric McFee.
School is back in session but the battle for more bus drivers has just begun. With over 4,400 students in Grady County’s school district 50% of them rely on school bus transportation. Grady School District currently has 22 drivers with 3 substitution faculty members stepping in.
A dilemma that is putting parents in tight situations when it comes to transportation for their children. Grady County Parent, Amy Meissner, feels for parents who aren’t able to make the adjustment so easily.
“I’m able to take my lunch from 2:30 to 3:30. I run and I get them and I come back to work but there’s a lot of kids and parents in our area who aren’t able to do that,” says Amy Meissner.
She found out the Friday before school began that there wouldn’t be a bus available for her route for the upcoming school year.
“We’re paying taxes and we want a bus,” says Meissner.
Though Superintendent McFee isn’t convinced money is the issue for the lack of bus driver applications.
“It would be difficult to sit there with 60 kids in my back, um, driving and the children sometime are not the most well behaved. It’s a dangerous job, I think um, respect has gone down hill a little bit in this country,” says McFee.
Grady County currently has all hands-on deck with coaches and even principles substituting as drivers. While they wait for those positions to fill the school district has hired an optimization consultant to help in the meantime.
“Well maybe we can reorganize the routes that they take. Maybe the routes can be done differently so that we can optimize the usage of the drivers. I can’t do it with less drivers that would be impossible,” says McFee.
The school system is working towards fixing the problem as soon as possible but in the meantime will continue to have drivers drive double routes to get kids home. | https://www.wtxl.com/news/local-news/grady-county-experiencing-bus-driver-shortage | 2022-08-11T22:33:36Z | wtxl.com | control | https://www.wtxl.com/news/local-news/grady-county-experiencing-bus-driver-shortage | 1 | 1 | green-iguana-35 | null |
A California federal judge ruled this week that Walgreens can be held responsible for contributing to the opioid crisis in San Francisco.
On Wednesday, U.S. District Judge Charles Breyer found that the pharmacy chain over-dispensed the addictive substances without proper due diligence and failed to report suspicious orders, the San Francisco City Attorney's office said in a press release.
In a 112-page opinion, Breyer wrote that over a 15-year span, the pharmacy chain wrote a lot of illegitimate opioid prescriptions, which led to hospitals being overwhelmed with opioid patients, syringe-clogged toilets forcing the closure of libraries, and children's playgrounds being littered with syringes, the Associated Press reported.
"Walgreens pharmacies in San Francisco dispensed hundreds of thousands of red flag opioid prescriptions without performing adequate due diligence. Tens of thousands of these prescriptions were written by doctors with suspect prescribing patterns," Breyer wrote the Associated Press reported. "The evidence showed that Walgreens did not provide its pharmacists with sufficient time, staffing, or resources to perform due diligence on these prescriptions."
According to the press release, a ruling on monetary damages will be determined in the "next stage of the trial."
“This decision gives voice to the thousands of lives lost to the opioid epidemic,” said San Francisco City Attorney David Chiu in a statement. “This crisis did not come out of nowhere. It was created by the opioid industry, and local jurisdictions like San Francisco have had to shoulder the burden for far too long. We are grateful the Court heard our arguments and held Walgreens responsible for the damage they caused.”
This isn't the first lawsuit Walgreens has had to deal with regards to the opioid crisis.
In May, the pharmacy chain reached a $683 million settlement with the state of Florida after they were accused of contributing to the crisis by improperly dispensing painkillers by the millions, the Associated Press reported. | https://www.wtxl.com/news/national/federal-judge-finds-walgreens-liable-for-contributing-to-san-francisco-opioid-crisis | 2022-08-11T22:33:49Z | wtxl.com | control | https://www.wtxl.com/news/national/federal-judge-finds-walgreens-liable-for-contributing-to-san-francisco-opioid-crisis | 1 | 1 | green-iguana-35 | null |
MIAMI (AP) — Prosecutors in South Florida announced a second-degree murder charge Thursday against social media model Courtney Clenney related to the fatal stabbing of her live-in boyfriend.
Miami-Dade State Attorney Katherine Fernandez Rundle announced the charge against the 26-year-old model during a news conference.
Clenney was arrested Wednesday in Hawaii. Fernandez Rundle said Clenney, who goes by the name Courtney Tailor on platforms like Instagram and OnlyFans, remains jailed in Hawaii while authorities work to have her extradited to Florida.
Fernandez Rundle characterized Christian Obumseli's April 3 death at the couple's Miami apartment as the culmination of a "tempestuous and combative relationship" that began in November 2020.
The county medical examiner said in an autopsy report that Obumseli, who worked in cryptocurrency, died from a forceful downward thrust from a blade that went 3 inches (7.6 centimeters) into his chest, piercing a major artery.
According to an arrest report, Clenney acknowledged killing Obumseli but said she was acting in self-defense. She said Obumseli had pushed her and thrown her to the floor, which prompted her to grab and knife and throw it at Obumseli from about 10 feet (3 meters) away.
The medical examiner said Obumseli's wound could not have been caused by a knife thrown from that distance.
Clenney's Miami defense lawyer, Frank Prieto, did not immediately respond to messages seeking comment from The Associated Press.
He previously told the Miami Herald that Clenney was in Hawaii while in rehabilitation for substance abuse and post-traumatic stress disorder. He said they look forward to clearing her name in court. | https://www.wtxl.com/news/national/social-media-model-charged-with-killing-boyfriend-in-florida | 2022-08-11T22:33:55Z | wtxl.com | control | https://www.wtxl.com/news/national/social-media-model-charged-with-killing-boyfriend-in-florida | 1 | 1 | green-iguana-35 | null |
Thursday evening First To Know Tropics check (08/11/2022)
There are no impending tropical systems forming to better-organized disturbances or depressions through upcoming weekend. There is still a zone of vast, dry air impeding the development efforts of recent disturbances, and that influence will persist into early next week. But, typical of mid- to late-August, a parade of tropical waves is emerging into the tropical eastern North Atlantic, where mid-season storms tend to originate. While no concerns exist for any local effects, we will continue to monitor activity as it reaches the waters off of western Africa. | https://www.wtxl.com/weather/thursday-evening-first-to-know-tropics-check-08-11-2022 | 2022-08-11T22:34:13Z | wtxl.com | control | https://www.wtxl.com/weather/thursday-evening-first-to-know-tropics-check-08-11-2022 | 1 | 1 | green-iguana-35 | null |
The US Centers for Disease Control and Prevention says the nation should move away from restrictive measures such as quarantines and social distancing and focus on reducing severe disease from Covid-19.
In new guidelines released Thursday, the agency no longer recommends staying at least 6 feet away from other people to reduce the risk of exposure -- a shift from guidance that had been in place since the early days of the pandemic.
The shift is a sign of how much has changed since the beginning of the pandemic more than two years ago. Nearly the entire US population has at least some immunity through vaccination, previous infection or, in some cases, both.
"The current conditions of this pandemic are very different from those of the last two years," said Greta Massetti, branch chief of the Field Epidemiology and Prevention Branch at the CDC, in a news briefing Thursday.
"High levels of population immunity due to vaccination and previous infection and the many available tools to prevent to the general population and protect people at higher risk allow us to focus on protecting people from serious illness from Covid-19."
The new CDC guidelines say contact tracing, another hallmark during the pandemic, should be limited to hospitals and certain high-risk group-living situations such as nursing homes, and the guidelines de-emphasize the use of regular testing to screen for Covid-19, except in certain high-risk settings like nursing homes and prisons.
The new guidance also does not advise quarantining people who've been exposed to Covid-19 but are not infected.
But the guidance does keep some measures the same. It encourages testing for people with symptoms and their close contacts. It also says people who test positive should stay home for at least five days and wear a mask around others for 10 days. It also continues to recommend that people wear masks indoors in about half the country.
The new guidelines also tailor advice on isolation for people who became very sick from Covid-19. People with moderate symptoms -- such as shortness of breath, and those who were hospitalized -- should stay at home for at least 10 days. People with compromised immune systems should now talk to their doctor about ending their isolation after an infection.
There's new advice on what to do if your Covid-19 symptoms rebound, too. If you end your isolation, and your Covid-19 symptoms get worse, you should start your isolation over again and see your doctor.
Trying to meet people where they are
The changes are an acknowledgment that SARS-CoV-2 may be with us for the long haul. They aim to help people live their lives around Covid-19 with minimal disruptions to work and school. They are also more risk-based, advising people who are at higher risk for severe illness to take more personal precautions than others.
"I think they just overall come into alignment with what people are doing anyway," says Dr. Peter Chin-Hong, an infectious disease specialist at the University of California at San Francisco.
Chin-Hong thinks some states, like California, will continue to go beyond the CDC's guidance in their own recommendations, but by and large, he thinks these reflect the prevailing attitudes toward the pandemic. He sees it as a move by the CDC to try to regain the public's trust.
A recent survey from the Annenberg Public Policy Center shows that most Americans (54%) are no longer masking indoors, and about 4 in 10 say they've fully returned to their pre-pandemic routines -- up from 16% in January.
"What the CDC is, in my opinion, trying to do, they are trying to still be relevant, and maybe when they say something, people will listen to them instead of being completely 180 degrees away from what behavior is anyway," Chin-Hong said.
Bill Hanage, an epidemiologist at the Harvard T.H. Chan School of Public Health, agrees that the new guidance shows that the CDC is trying to meet people where they are.
"I think that this is a point where you actually have to sort of get real and start giving people tools they can use to do something or not. Because otherwise, people will just will not take you seriously," Hanage said.
Other experts, however, feel that the CDC's new guidelines don't go far enough to correct scientific missteps in previous guidance.
"This revision does not go anywhere near enough to correct the problems of flawed recommendations and lack of evidence," said Dr. Eric Topol, a cardiologist at Scripps Research Institute in La Jolla, California, said in an email to CNN. Topol has been critical of the CDC for many months, saying it wasn't strict enough with its isolation policies for people with Covid.
Latest advice to stay safe from Covid
The CDC recommends that Covid-19 prevention practices continue to depend on a person's risk of becoming severely ill and on the Covid-19 community levels. Community levels reflect cases in a community as well as hospitalization rates and hospital capacity.
When the Covid community level is high -- as it currently is in 41% of counties -- the CDC continues to recommend that everyone wear high-quality masks indoors. High-risk people should also wear quality masks when the community level is medium, as it now is in 39% of counties.
The agency also puts more emphasis on improving ventilation. Aerosol scientists have long complained that the 6-foot social distancing guidance was arbitrary and unhelpful because the virus that causes Covid-19 can float through the air for greater distances.
The CDC continues to stress the use of vaccines and therapeutics to reduce "medically significant illness" in Covid-19. For the general population, the agency noted that being vaccinated and boosted is highly protective against severe illness and death. It urges everyone to stay up to date on their recommended shots.
In addition to vaccination, the agency urges additional measures for people with suppressed immune function, including the use of Evusheld, a kind of passive immunity that's given before a person gets sick. It's especially helpful for people who can't mount an immune response, and experts say it has been underutilized in this country.
The agency also stresses the use of antiviral medications in people who catch Covid-19 and are at higher risk for severe outcomes. This group includes people who are older or unvaccinated or those who have certain medical conditions that put them at higher risk. Conditions that increase risk include overweight and obesity, pregnancy, smoking, diabetes, cancer, heart disease and mental health conditions, including depression.
Covid guidance for schools
Some of the changes in the guidelines will apply to schools.
The agency removed the recommendation that kids in different classrooms avoid mixing, a practice known as cohorting. It also removed advice that kids who are contacts of someone who tested positive for Covid-19 take regular tests -- and test negative -- to remain in the classroom, which was known as test-to-stay.
Some educators said they didn't expect the updated CDC guidelines to change much, at least for this school year.
"We welcome clear, concise and actionable guidance from the CDC. Specific to this latest round, we don't expect it to be particularly disrupting or impactful in schools," said Noelle Ellerson Ng, associate executive director of advocacy and governance at AASA, The School Superintendents Association.
Many districts have finalized their opening plans and mitigation strategies and are sticking to what worked the prior school year to keep kids in schools learning.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.kitv.com/news/business/cdc-ends-recommendations-for-social-distancing-and-quarantine-for-covid-19-control-no-longer-recommends/article_d098627a-6740-5a57-8808-0da37d2cc1bf.html | 2022-08-11T22:44:14Z | kitv.com | control | https://www.kitv.com/news/business/cdc-ends-recommendations-for-social-distancing-and-quarantine-for-covid-19-control-no-longer-recommends/article_d098627a-6740-5a57-8808-0da37d2cc1bf.html | 1 | 1 | green-iguana-35 | null |
...RED FLAG WARNING IN EFFECT FOR LEEWARD AREAS TODAY...
.The combination of dry fuels, strong and gusty trade winds, and
low relative humidity will result in critical fire conditions at
times today. Any fires that develop could display extreme fire
behavior and be difficult to control.
...RED FLAG WARNING REMAINS IN EFFECT UNTIL 6 PM HST THIS EVENING
FOR GUSTY WINDS AND LOW RELATIVE HUMIDITY FOR LEEWARD SECTIONS OF
ALL ISLANDS...
* AFFECTED AREA...Leeward portions of all Hawaiian Islands.
* WIND...Northeast to east 20 to 30 mph with higher gusts.
* HUMIDITY...Around 45 percent in the afternoon.
* IMPACTS...Any fires that develop will likely spread rapidly.
Outdoor burning is not recommended.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
A Red Flag Warning means that critical fire weather conditions
are either occurring now or will shortly. A combination of strong
winds, low relative humidity, and warm temperatures can
contribute to extreme fire behavior. A Red Flag Warning does not
predict new fire starts.
&&
Weather Alert
...SMALL CRAFT ADVISORY NOW IN EFFECT UNTIL 6 PM HST THIS
EVENING...
* WHAT...East winds 20 to 25 knots.
* WHERE...Big Island Windward Waters, Maui County Leeward
Waters, Kaiwi Channel, Maui County Windward Waters and Oahu
Leeward Waters.
* WHEN...Until 6 PM HST this evening.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in these conditions.
&&
Courtney Clenney, 26, is scheduled to appear in Hilo District Court on Thursday following her arrest in Hakalau at the Exclusive Hawaii Rehab Center on the Big Island.
HONOLULU (KITV4) -- New details have been released in the case of a social media model charged with stabbing her boyfriend to death in their Miami apartment.
Courtney Clenney, 26, is scheduled to appear in Hilo District Court on Thursday following her arrest in Hakalau at the Exclusive Hawaii Rehab Center on the Big Island.
According to Hawaii Island Police, who assisted US Marshals with the arrest, Clenney was arrested around 9:30 a.m. on Aug. 10. She is wanted in Florida on one count of second-degree murder.
On Thursday, Florida law enforcement officials held a press conference formally announcing the murder charge against Clenney. During the presser, officials laid out a timeline of events they say led up to the deadly stabbing.
Police say Clenney grabbed a kitchen knife and stabbed her boyfriend, 27-year-old Christian Obmuseli, to death in their Miami apartment back on April 3.
Miami Police officers arrived at the scene and found the Clenney cradling Obmuseli with a stab wound to the chest. He was taken to hospital and later pronounced dead. An autopsy revealed that the knife wound punctured Obmuseli’s subclavian artery. The knife penetrated about three inches at a downward angle, the report stated.
Investigators said they found evidence that the couple had been in a volatile relationship since November 2020, with multiple incidences of domestic violence from both sides over the period of their relationship – including neighbor and security complaints at their Miami apartment.
During the press conference, investigators released surveillance footage from an incident in February 2022 inside the elevator at the apartment. The couple had only moved into the apartment together in January 2022, police said.
Clenney is being held at the Hawaii Police Department's East Hawaii Detention Center. A date for when she could be extradited back to Florida has not been set.
Clenney is a popular content creator on various social media platforms, including Instagram and OnlyFans, where she has amassed millions of online followers.
Do you have a story idea? Email news tips to news@kitv.com
Matthew has been the digital content manager for KITV4 since September 2021. Matthew is a prolific writer, editor, and self-described "newsie" who's worked in television markets in Oklahoma, California, and Hawaii. | https://www.kitv.com/news/crime/florida-law-enforcement-officials-release-new-details-in-murder-case-involving-onlyfans-model/article_9876c4fe-19c0-11ed-8662-6f8eefc42f79.html | 2022-08-11T22:44:20Z | kitv.com | control | https://www.kitv.com/news/crime/florida-law-enforcement-officials-release-new-details-in-murder-case-involving-onlyfans-model/article_9876c4fe-19c0-11ed-8662-6f8eefc42f79.html | 1 | 1 | green-iguana-35 | null |
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