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TEL AVIV, Israel, July 25, 2022 /PRNewswire/ -- CropX Technologies, a global leader in digital agronomic solutions for farming operations, recently offered farmers in the Netherlands greater insight into how the government's new proposed nitrogen emission reductions will affect their farms. This helps farmers understand and prepare for the impact it will have on their operations and gives members of the general public and policymakers an easier way to understand the proposed nitrogen targets.
Nitrogen is a vital nutrient for crop and pasture growth but causes ecological problems when too much is released into the environment. In the Netherlands, manure from dairy operations is a significant source of emissions and is the focus of a government plan for emission reductions across the country.
CropX operates the precision mapping tool Boer&Bunder (www.boerenbunder.nl), which takes publicly available data on agricultural fields and makes it accessible in an online mapping platform. After the Dutch government released its map of proposed reduction targets, CropX quickly made it available to the public on Boer&Bunder as part of its free tier of access. Users can search specific field plots to see proposed reduction targets for each location.
"Making the Dutch government's nitrogen reduction map accessible helps everyone understand better the emission standards that could affect how farms are run in the foreseeable future," says Gert Sterenborg, Product Manager at CropX.
Boer&Bunder gives users insights into agricultural fields within the countries that it covers, currently the Netherlands, Belgium, Luxembourg, Denmark, Austria, France and two states in Germany. This includes field by field data on historic crop rotations and precise field plotting for planning and invoicing. Users can also access elevation maps and satellite imagery and have access to different data sets based on subscription tiers.
About CropX
CropX is one of the fastest growing providers of agribusiness farm management solutions in the world, deployed in over 50 countries and across all the arable continents. The CropX platform synthesizes data from the earth and sky to offer advanced soil and crop intelligence and a suite of digital decision and planning tools, all on an easy-to-use app capable of tracking multiple farms and fields. CropX is backed by the world's leading agribusinesses and VCs, who recognize that CropX's precision-ag technologies set new standards of best practices for environmental sustainability and greater farm productivity. Learn more at https://www.cropx.com
Photo - https://mma.prnewswire.com/media/1865944/CropX.jpg
Logo - https://mma.prnewswire.com/media/1751720/CropX_Logo.jpg
Media Contact
Hanna Day-Woodruff
Marketing and Communications Specialist
hanna.dw@cropx.com
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SOURCE CropX | https://www.ktre.com/prnewswire/2022/07/25/cropx-technologies-helps-farmers-understand-pending-nitrogen-regulations/ | 2022-07-25T19:45:26Z | https://www.ktre.com/prnewswire/2022/07/25/cropx-technologies-helps-farmers-understand-pending-nitrogen-regulations/ | true |
Lucky' in this case stands simply\n> \"Luck is where preparation & oportunily meet!\"\nWhat the... is 'sodality' and does any 0rganisation still use these letters anyway!!!??\n'the Order', then? \"A society composed, ostentaiclays [sickipedia! ha! ha!] for example by monothecousy members\nHaving said above, what do you get after doing: A Energy prices have risen significantly since last winter, and the Michigan Public Service Commission is recommending residents who rely on propane for heating lock in supplies now before winter weather increases demand.
Propane providers offer various plans such as pre-buy and fixed-price plans that can help customers save money compared to market prices later in the year. When looking into a plan, customers should know their average use to avoid buying too much or too little. Additionally, propane users are advised to look into possible fees such as installation, service, pickup or disconnect before signing a contract. Customers are also encouraged to have answers to questions before signing. Important questions can include what service and payment options are available, how prices are determined, how often tanks will be refilled, and how much advance time is needed for delivery outside a normal schedule. | https://www.wsgw.com/mpsc-advises-propane-users-prepare-now-for-heating-season/ | 2022-07-25T19:46:43Z | https://www.wsgw.com/mpsc-advises-propane-users-prepare-now-for-heating-season/ | false |
WASHINGTON (AP) — As President Joe Biden continues to recover from his coronavirus infection, the White House plans to hold a summit on Tuesday to discuss developing a new generation of vaccines that could more effectively guard against contagious variants.
The summit, which involves top administration officials, scientists and pharmaceutical executives, comes as the country faces a surge of infections from BA.5, a variant that’s an offshoot of the omicron strain.
Although the current generation of vaccines, plus antiviral drugs, have helped prevent hospitalizations and deaths, there are hopes that new versions could provide more durable protection against disruptive infections.
Biden was likely infected by the BA.5 variant, and he tested positive on Thursday. A new note from his doctor, released on Monday, said his symptoms have “almost completely resolved.”
Although he still has some nasal congestion and hoarseness, his vital signs remain “absolutely normal,” wrote Dr. Kevin O’Connor.
Biden has been taking the antiviral drug Paxlovid, and he plans to remain isolated in the White House residence.
“He continues to be very specifically conscientious to protect any of the Executive Residence, White House, Secret Service and other staff whose duties require any (albeit socially distanced) proximity to him,” O’Connor wrote.
On Monday afternoon, Biden is scheduled to deliver virtual remarks to the National Organization of Black Law Enforcement Executives conference in Orlando, Fla. He’s also expected to participate in a virtual meeting with business executives and labor leaders to discuss the Chips Act, a proposal to bolster domestic manufacturing.
Biden has held no public events since Friday, when he held another virtual meeting with economic advisers. | https://www.cenlanow.com/politics/ap-politics/doctor-bidens-covid-symptoms-almost-completely-resolved/ | 2022-07-25T20:02:34Z | https://www.cenlanow.com/politics/ap-politics/doctor-bidens-covid-symptoms-almost-completely-resolved/ | true |
Which wireless computer monitor is best?
There are tons of TVs and PC monitors to choose from with wide-ranging features such as high dynamic range playback, high resolutions and high refresh rates. The vast majority of them require a wired connection, usually using an HDMI cable. But there are some situations, such as business conference rooms, that make it inconvenient or impossible to use a cable.
For those cases, consider a reliable, feature-packed wireless monitor. The Samsung M80B is the best since it sports a UHD resolution, integrated streaming services and dependable wireless connectivity.
What to know before you buy a wireless computer monitor
They work better than screencasting
You can use screen mirroring to send a copy of a device’s screen to many modern TVs. This feature works with most smartphones, tablets and laptops. However, it’s not the main purpose of most TVs, and, in many cases, the connectivity implementation is not very good. Wireless screencasting usually results in a highly compressed image that doesn’t look great and lags significantly behind the input device.
Wireless monitors are different. Since they’re intended specifically as wireless PC displays, you can trust that they’re easy to use, maintain a robust connection and don’t lead to tons of artifacts or other visual infidelity issues.
They aren’t great for gaming
While wireless monitors usually have less lag than TVs during screencasting, they still have a lot more input latency than a wired monitor. For that reason, any type of game that requires timing will be all but impossible to play. You could, in theory, still play simple games like board games or educational titles that don’t rely on reflexes.
They are great for business use
If you need to outfit a conference room with a TV that anyone can connect their laptop to with ease, a wireless PC monitor is worth considering. They’re generally engineered for wide compatibility and can maintain a more consistent connection than other wireless display solutions. They also tend to have fewer annoying ads and more easy customization options compared to smart TVs.
What to look for in a quality wireless computer monitor
Size and resolution
There’s a chance a wireless monitor will sit farther away from viewers than a typical monitor. In that case, you might want to get something that normally would be a bit large. For example, a 32-inch monitor is too big for many people’s desks. If you’re sitting four feet from it, though, 32 inches is a fine size.
On the other side of the coin, a high resolution isn’t quite as critical if you’re sitting farther away. Viewing a 1080p display from several feet away, you won’t be able to tell much difference between it and a 720p display.
Built-in streaming services
Many wireless monitors closely tread the line between computer monitor and TV. Some of the best sport an integrated operating system and apps, quite like a smart TV. Also, like a TV, you don’t have to use them. But that kind of technology can greatly improve the functionality and convenience of a display, especially if it’s pulling double duty for work and play.
Integrated voice assistants
While plenty of TVs offer voice control when searching for and playing shows, few of them offer full-fledged voice assistant support. In that sense, wireless monitors often resemble smart monitors, which in some cases are the same thing.
In addition to supporting assistant services such as Bixby and Alexa, some wireless monitors — namely those from Samsung — can even serve as smart home hubs for some smart protocols.
Wireless connectivity protocols
Most wireless displays use Wi-Fi to connect, which ensures enough bandwidth to transmit a nearly uncompressed image. But it’s not the only type of wireless connection. For example, Mac users or owners of Apple-based smart homes will appreciate Apple AirPlay compatibility for screen mirroring and streaming audio.
How much you can expect to spend on a wireless computer monitor
The most affordable ones only cost about $200, although they aren’t very big. You can spend as much as $600 on something with a 4K resolution and a built-in webcam.
Wireless computer monitor FAQ
Do portable monitors make good wireless displays?
A. Only in very specialized situations. Some portable monitors sport wireless connectivity, but it’s rarely more reliable than screencasting to a smart TV. Plus, portable monitors are small by necessity, which negates most of the usefulness of a wireless monitor. Nonetheless, if you need something that looks good and works on the go, a portable computer monitor can be a good choice.
Are wireless computer monitors good for watching movies?
A. For the most part, wireless displays are geared more toward functionality than entertainment. That doesn’t mean they look bad, but they won’t be able to bring out the absolute best in a 4K Blu-ray or anything mastered in HDR. For example, few wired PC monitors offer home cinema-level contrast levels and local dimming, so there definitely aren’t any wireless monitors that do. For casually enjoying streamed shows, though, a wireless monitor can work just fine, especially if it sports integrated streaming apps.
What’s the best wireless computer monitor to buy?
Top wireless computer monitor
What you need to know: It’s large with a high resolution and plenty of useful features.
What you’ll love: Its 4K resolution, dependable connectivity and long-term reliability make it the best high-dollar option. Features like integrated Alexa and Bixby voice control, plus the ability to serve as a SmartThings hub, make it perfect for smart homes. There’s even an integrated webcam, making this one perfect for working from home.
What you should consider: It’s relatively expensive and, in some cases, may have ads on the home screen.
Where to buy: Sold by Amazon
Top wireless computer monitor for the money
What you need to know: It’s clearer and better-looking than most of the competition but still doesn’t cost very much.
What you’ll love: At 27 inches, its UHD panel delivers a crisper image than most TVs. It’s treated to resist glare in sunny environments, offers 100-millimeter VESA mounting support and has 3 USB-A 3.2 Gen 1 points for connecting peripherals.
What you should consider: Since it’s not very big, it isn’t ideal for large rooms or viewing by large groups.
Worth checking out
What you need to know: There aren’t many super-affordable, compact monitors like this one, which makes a great secondary display or full-fledged smart TV for a small room.
What you’ll love: If you want one display that supports your laptop and late-night TV viewing habits, this one’s worth a look. In addition to Wi-Fi connections, it’s compatible with Apple AirPlay 2 and has most of the popular streaming services already installed.
What you should consider: The resolution and contrast levels leave a bit to be desired.
Where to buy: Sold by Amazon
Pull out: If you need to outfit a conference room with a TV that anyone can connect their laptop to with ease, a wireless PC monitor is worth considering.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://www.cenlanow.com/reviews/br/electronics-br/computer-monitors-br/best-wireless-computer-monitors/ | 2022-07-25T20:04:12Z | https://www.cenlanow.com/reviews/br/electronics-br/computer-monitors-br/best-wireless-computer-monitors/ | true |
NEW YORK, July 25, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of IonQ, Inc. (NYSE: IONQ) between March 30, 2021 and May 2, 2022, both dates inclusive (the "Class Period"), of the important August 1, 2022 lead plaintiff deadline.
SO WHAT: If you purchased IonQ securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the IonQ class action, go to https://rosenlegal.com/submit-form/?case_id=6703 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 1, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) IonQ had not yet developed a 32-qubit quantum computer; (2) IonQ's 11-qubit quantum computer suffered from significant error rates, rendering it useless; (3) IonQ's quantum computer is not sufficiently reliable, so it is not accessible despite being available through major cloud providers; (4) a significant portion of IonQ's revenue was derived from improper round-tripping transactions with related parties; and (5) as a result of the foregoing, defendants' positive statements about IonQ's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the IonQ class action, go to https://rosenlegal.com/submit-form/?case_id=6703 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.wkyt.com/prnewswire/2022/07/25/ionq-deadline-alert-rosen-recognized-investor-counsel-encourages-ionq-inc-investors-secure-counsel-before-important-august-1-deadline-securities-class-action-ionq/ | 2022-07-25T20:05:39Z | https://www.wkyt.com/prnewswire/2022/07/25/ionq-deadline-alert-rosen-recognized-investor-counsel-encourages-ionq-inc-investors-secure-counsel-before-important-august-1-deadline-securities-class-action-ionq/ | true |
Dawn Cameron, president of the Colebrook Homeowners Cooperative, stands in the co-op with her husband on July XX, days after it was announced the CHC would receive more than $2 million in grants from the U.S. Department of Agriculture-Rural Development to make needed infrastructure improvements there. A separate grant from the Neil and Louise Tillotson Foundation will pay for razing and removing 11 dilapidated residences, including those behind the Camerons.
COLEBROOK -- About half occupied, the 47-lot Colebrook Homeowners Cooperative is supposed to use about 2,000 gallons of municipal water a day, but due to old, leaky pipes, it’s consuming more than that in less than three hours. Federal and local funding will pay for upgrades to improve the system.
Built in the 1960s as a mobile-home park, the cooperative was formed in 2013 and is the northernmost resident-owned community in New Hampshire.
While residents are connected to and pay for town water and sewer services, the connections – and the town’s liability to maintain them – stop at the edge of the cooperative.
Since they were first installed, the cooperative's internal connections have deteriorated to such a level that the cost of repairs would be next to impossible for residents to afford, which is why Dawn Cameron, the president of the CHC, is grateful to both the Neil and Louise Tillotson Foundation and the U.S. Department of Agriculture – Rural Development.
In May, the Tillotson Foundation awarded the cooperative a $100,000 grant to raze and remove 11 abandoned residences, making room for new units. In July, the USDA awarded the cooperative $2,084,000 in funding to upgrade water, sewer, stormwater and electrical infrastructure.
Cumulatively, the private and federal money will make the cooperative a better, safer, more desirable place to live, said Cameron, with the expected added benefit of driving down month “lot rent.”
The lot rent includes the fee paid to the cooperative for a house lot, for sewer service and for water.
“We were literally drowning in our water bills, and still would be,” said Cameron, had the town not given the cooperative several abatements.
But the abatements were a temporary respite from addressing the underlying problem of old water and sewer pipes that had to be replaced, she said, which is why the USDA-Rural Development grants are a godsend.
“We are completely thrilled," Cameron said.
Her husband, Douglas, pointed out that many residents who live in the cooperative are older and live on fixed incomes, which meant that without the grants, there was no way the it could have undertaken all the necessary work.
The cooperative has been fixing leaks in the water and sewer systems as it finds them, according to Dawn Cameron, but there are simply too many leaks, many of which have yet to be discovered.
She thanked the town of Colebrook for being supportive, and gave special kudos to Brian Sullivan, the head of the water and sewer department.
Sarah Waring, the USDA director of Rural Development in Vermont and New Hampshire, said the impacts of the funding are "transformational and timely."
"The Colebrook Homeowners Cooperative is an important and popular affordable-housing option for families and workers in the North Country," she said in a prepared statement. | https://www.unionleader.com/news/local/northernmost-resident-owned-community-in-new-hampshire-receives-over-2-million-for-infrastructure-improvements/article_16c7db6a-cd78-5a1b-992a-2a8da4fd8767.html | 2022-07-25T20:09:01Z | https://www.unionleader.com/news/local/northernmost-resident-owned-community-in-new-hampshire-receives-over-2-million-for-infrastructure-improvements/article_16c7db6a-cd78-5a1b-992a-2a8da4fd8767.html | true |
Little Miss Flint hosts Back to School Bash for local residents
FLINT, Mich., (WNEM) - Back to school is just around the corner and inflation is making those binders, books, and backpacks even more expensive. Little Miss Flint is trying to help out local residents with an event today at the Flint farmer’s market provided free school supplies to the community.
Little Miss Flint made back to school a little easier today for Flint residents, “I’m helping the kids here inside Flint who can’t afford to get a backpack.” Little Miss Flint, Mari Copeny said
Mari Copeny hosted her annual Back to School Bash with free backpacks, books, and everything school supplies, from crayons to glue.
“This year is because, you know, finances are a little tight, and we try to take advantage of making sure the kids are supplied and then the stores don’t have a lot of school supplies. So, coming in, taking advantage of the free resources is a plus for our family,” Flint resident, Rawanna Logan said.
Inflation is making back to school shopping tough for all ages right now, “I can’t afford it,” Mott Community College student Holly Schalau. “I’m poor as frick right now. Poor as dirt.”
She was in line with hundreds of other people, a line that stretched the length of the Flint farmer’s market. “There’s a lot of parents who can’t really afford to get their kids like new back to school items, or like a new backpack or new uniform clothes.” Copeny stated.
Doctor Mona Hanna-attisha made an appearance as well to get people on the Flint registry, a way to connect residents with resources.
“I think it also speaks to kind of the isolation that’s happened the last couple years. Like we haven’t been able to see people in a long time and it’s so wonderful to see people. So, folks are kind of coming back out,” MSU pediatrician, Dr. Mona Hanna-attisha said.
Attendees were able to earn a twenty-dollar voucher to flint fresh if they signed up with the Flint registry.
“People in this community are still struggling with issues like being able to afford backpacks and back to school supplies, and needing to get connected to resources,” Dr. Mona stated.
Copyright 2022 WNEM. All rights reserved. | https://www.wnem.com/2022/07/25/little-miss-flint-hosts-back-school-bash-local-residents/ | 2022-07-25T20:11:41Z | https://www.wnem.com/2022/07/25/little-miss-flint-hosts-back-school-bash-local-residents/ | false |
WFO MIDLAND/ODESSA Warnings, Watches and Advisories for Monday, July 25, 2022
_____
FLASH FLOOD WARNING
Flash Flood Statement
National Weather Service Midland/Odessa TX
246 PM CDT Mon Jul 25 2022
...FLASH FLOOD WARNING REMAINS IN EFFECT UNTIL 430 PM CDT THIS
AFTERNOON FOR NORTH CENTRAL JEFF DAVIS COUNTY...
At 246 PM CDT, Doppler radar indicated thunderstorms producing heavy
rain across the warned area. Between 1.5 and 2 inches of rain have
fallen. Flash flooding is ongoing or expected to begin shortly.
HAZARD...Flash flooding caused by thunderstorms.
SOURCE...Radar.
IMPACT...Flash flooding of small creeks and streams, urban areas,
highways, streets and underpasses as well as other poor
drainage and low-lying areas.
Some locations that will experience flash flooding include...
mainly rural areas of North Central Jeff Davis County
This includes the following streams and drainages...
Ninemile Draw, Madera Canyon and Cherry Creek.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
Please report observed flooding to local emergency services or law
enforcement and request they pass this information to the National
Weather Service when you can do so safely.
_____
Copyright 2022 AccuWeather | https://www.ctpost.com/weather/article/TX-WFO-MIDLAND-ODESSA-Warnings-Watches-and-17327867.php | 2022-07-25T20:12:28Z | https://www.ctpost.com/weather/article/TX-WFO-MIDLAND-ODESSA-Warnings-Watches-and-17327867.php | false |
JERSEYDALE, Calif. (AP) — Firefighters have significantly slowed the spread of a huge wildfire burning in a forest near Yosemite National Park, where thousands of residents from mountain communities were still under evacuation orders Monday and smoke was spreading for hundreds of miles around.
Crews “made good headway” against the Oak Fire, according to a Sunday night incident report by the California Department of Forestry and Fire Protection, or Cal Fire. “Fire activity was not as extreme as it has been in previous days.”
But smoke from the fire drifted more than 200 miles (322 kilometers), reaching Lake Tahoe, parts of Nevada and the San Francisco Bay Area, officials said.
“It’s been just horrendous with the air quality,” said Kim Zagaris, an advisor with the Western Fire Chiefs Association, which maps wildfires across the country.
More than 2,500 firefighters with aircraft support were battling the blaze that erupted last Friday southwest of the park, near the town of Midpines in Mariposa County. Officials described “explosive fire behavior” on Saturday as flames made runs through bone-dry vegetation caused by the worst drought in decades.
By Monday morning, the blaze had consumed more than 26 square miles (67 square kilometers) of forest land, with 10% containment, Cal Fire said. The cause was under investigation.
Firefighters working in steep terrain on the ground protected homes on Sunday as air tankers dropped retardant on 50-foot (15-meter) flames racing along ridgetops east of the tiny community of Jerseydale. Personnel face tough conditions that include steep terrain, sweltering temperatures and low humidity, Cal Fire said.
There are two major blazes burning in California, which is experiencing a fairly typical ramp-up to what is sure to be an active fire year once California’s infamous Santa Ana and Diablo wind events begin in September, Zagaris said.
“We’ve been fortunate. We’re not quite as far along as we were at this time last year,” he said. “But the fuels, the vegetation, are much dryer than they were last year. It’s so dry out there.”
Zagaris compared the wildfires in California this year to 2008, when few blazes burned early but a mid-summer barrage of lightning hit the state “and before we knew it there were 2,000 fires burning in the northern part of the state.”
Evacuations were in place Monday for over 6,000 people living across a several-mile span of the sparsely populated fire zone in the Sierra Nevada foothills, though a handful of residents defied the orders and stayed behind, said Adrienne Freeman, a U.S. Forest Service spokesperson.
“We urge people to evacuate when told,” she said.
Lynda Reynolds-Brown and her husband, Aubrey, awaited news about the fate of their home from an evacuation center at an elementary school. They fled as ash rained down and the fire descended a hill towards their property.
“It just seemed like it was above our house and coming our way really quickly,” Reynolds-Brown told KCRA-TV.
Gov. Gavin Newsom proclaimed a state of emergency for Mariposa County because of the fire’s effects.
Flames destroyed at least 10 residential and commercial structures and damaged five others, Cal Fire said. Assessment teams were moving through mountain towns to check for additional damage, Fouts said.
Numerous roads were closed, including a stretch of State Route 140 that’s one of the main routes into Yosemite.
California has experienced increasingly larger and deadlier wildfires in recent years as climate change has made the West much warmer and drier over the past 30 years. Scientists have said weather will continue to be more extreme and wildfires more frequent, destructive and unpredictable.
Pacific Gas & Electric said on its website that more than 2,600 homes and businesses in the area had lost power as of Monday and there was no indication when it would be restored.
The Oak Fire was sparked as firefighters made progress against an earlier blaze, the Washburn Fire, that burned to the edge of a grove of giant sequoias in the southernmost part of Yosemite National Park.
The latter fire, spanning a 7.5-square-mile (19-square-km) area, was 87% contained on Monday after burning for two weeks and moving into the Sierra National Forest.
___
Weber reported from Los Angeles. | https://www.wfla.com/news/national/ap-us-news/firefighters-slow-growth-of-california-blaze-near-yosemite/ | 2022-07-25T20:17:18Z | https://www.wfla.com/news/national/ap-us-news/firefighters-slow-growth-of-california-blaze-near-yosemite/ | true |
Augustana College announces 2022 commencement participants
ROCK ISLAND-- Augustana College, Rock Island, Ill., held its commencement ceremony on Sunday, May 22. U.S. Senator Dick Durbin delivered the address. The graduating class totaled 508.
Those graduating were given advice by Senator Durbin, who reflected on the resilience and hard work of this year's graduates and commended Augustana's commitment to preparing the next generation of peacemakers and problem solvers.
Among the graduates who participated in the ceremony: Sydney Silverthorn from Eureka was recognized with a major(s) in Graphic Design and Jessica Smith from Roanoke was recognized with a major(s) in Psychology and Sociology.
Millikin University spring 2022 Dean's List
DECATUR-Millikin University has announced the names of the outstanding undergraduates who have been named to the Dean's List for the spring 2022 semester.
Local students include Tessa Wiegand and Morgan Greene of Eureka.
Tjaden named to the Dean's List at Palmer
DAVENPORT, IA- Lauren Tjaden of Minonk has been named to the spring 2022 Dean's List at Palmer College of Chiropractic's Main campus in Davenport, IA. | https://pantagraph.com/college-news/article_8f3cbbce-0c4f-11ed-ace3-fb4167186a55.html | 2022-07-25T20:18:59Z | https://pantagraph.com/college-news/article_8f3cbbce-0c4f-11ed-ace3-fb4167186a55.html | true |
HARARE, Zimbabwe — Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency.
The unprecedented move was announced Monday by the country's central bank, the Reserve Bank of Zimbabwe, to boost confidence in the local currency.
Trust in Zimbabwe's currency is low after people saw their savings wiped out by hyperinflation in 2008 which reached 5 billion%, according to the IMF.
With strong memories of that disastrous inflation, many Zimbabweans today prefer to scramble on the illegal market for scarce U.S. dollars to keep at home as savings or for daily transactions. Faith in Zimbabwe's currency is already so low that many retailers don't accept it.
The central bank disbursed 2,000 coins to commercial banks on Monday. The first batch of the coins was minted outside the country but eventually they will be produced locally, according to the governor of the Reserve Bank of Zimbabwe, John Mangudya.
The coins can be used for purchases in shops, depending on whether the shop has enough change, he said.
“The government is trying to moderate the very high demand for the U.S. dollar because this high demand is not being matched by supply,” said Zimbabwean economist Prosper Chitambara.
“The expectation is that ... there will also be moderation in terms of the depreciation of the local currency, which should have some kind of stabilizing effect in terms of pricing of goods,” he said.
Any individual or company can buy the coins from authorized outlets such as banks, according to an announcement by the country’s central bank.
People can buy the gold coins from authorized agents such as banks using the local currency or foreign currencies and purchasers can choose to keep the coins at a bank or take them home. Foreigners can only buy the coins in foreign currency, said the central bank.
Called Mosi-oa-Tunya, which in the local Tonga language refers to Victoria Falls, the coins “will have liquid asset status, that is, it will be capable of being easily converted to cash, and will be tradable locally and internationally. The coin may also be used for transactional purposes,” said the central bank. People holding the coins can only trade them for cash after 180 days from the date of buying, the bank said.
The coins, each weighing one troy ounce with a purity of 22 carats, can also be used as security for loans and credit facilities, said the central bank. The price of the coins will be determined by the international market rate for an ounce of gold, plus 5% for the cost of producing the coin. At the time of the launch Monday, the cost of Mosi oa Tunya coin was $1,824.
Internationally, gold coins are used in countries such as China, South Africa and Australia to hedge against inflation and as an investment opportunity, although they are not as widely used as currency as envisaged by Zimbabwe’s central bank, said Chitambara.
“For Zimbabwe we are in chronic hyperinflation so the expectation is that there will be a huge uptake of these gold coins,” he said. However, most Zimbabweans struggle with daily survival and won't be able to buy them, he said.
“For the common man, there is not really much to benefit directly from this, especially if you don’t have any excess cash," said Chitambara.
“Many people have no money for bread, let alone for savings,” he said. "The expectation is that indirectly it will benefit the ordinary person through moderating the prices.”
Companies with excess cash can find the coins useful to store value and also as an alternative investment asset, although individuals and companies are likely to continue preferring the dollar because “it is convenient and highly liquid,” he said.
Selling the coins in fast depreciating local currency could also result in “rent-seeking behavior, speculation and arbitrage within the economy,” as some could buy using local currency and then sell in dollars later, he said.
The fact that Zimbabwe's central bank would have to buy the gold from miners of the metal such as informal artisanal miners could also present challenges and result in increased smuggling, analysts say.
“Gold deliveries in Zimbabwe have significantly recovered because of the appetizing U.S. dollar payments offered to artisanal miners," noted securities firm Morgan & Co in a market intelligence report.
"However, should there be a disparity between the amount of U.S. dollars used to purchase the gold from miners and the U.S. dollars used to pay for the coins, this could squeeze the central bank and its intermediaries’ foreign currency reserves. If this ripples to artisanal gold miners, this could result in low deliveries to Fidelity Printers and increase gold smuggling activities,” noted the Morgan report. Fidelity Printers, a subsidiary of the central bank, is the country’s only authorized gold buyer.
Zimbabwe has substantial gold deposits and exports of the precious metal is one of the southern African country’s major foreign currency earners. Gold production improved to about 30 tons in 2021, compared to 19 tons in 2020, according to official figures. Small–scale producers such as poorly regulated artisanal miners contributed 19 tons of the gold delivered in 2021, according to official figures.
Gold smuggling has been rampant. The country is estimated to be losing about $100 million dollars worth of gold monthly to smuggling, home affairs minister Kazembe Kazembe has said. Smuggling is costing the country about 36 tons of gold annually, according to a report issued this month by the Center for Natural Resource Governance, a local natural resources watchdog. Legally all gold mined in Zimbabwe is supposed to be sold to the central bank, but many producers prefer to smuggle the gold out of the country in order to get payment in U.S. dollars. | https://www.phillytrib.com/news/africa/zimbabwe-debuts-gold-coins-as-legal-tender-to-stem-inflation/article_2507a043-baed-5a78-9463-ffa00eb10a22.html | 2022-07-25T20:19:11Z | https://www.phillytrib.com/news/africa/zimbabwe-debuts-gold-coins-as-legal-tender-to-stem-inflation/article_2507a043-baed-5a78-9463-ffa00eb10a22.html | true |
CEO of Integrity awarded for his outstanding efforts to build and support a diverse workforce by Comparably, a widely respected company reputation platform
DALLAS, July 25, 2022 /PRNewswire/ -- Integrity Marketing Group, LLC ("Integrity"), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced Co-Founder and CEO Bryan W. Adams has won a 2022 "Best CEO for Diversity" award from Comparably, a well-respected organization that recognizes top-ranked CEOs and companies. Integrity joins the ranks of other noteworthy award winners in the large employer category, which has included Adobe, Microsoft, ADP, IBM, Uber and Hubspot, among others.
Derived from 15 million ratings across 70,000 companies, the list of "Best CEOs for Diversity" is unique from other awards because it is based on anonymous feedback from Integrity's nearly 6,000 employees.
"I am honored to receive this award because it reinforces and validates our ongoing efforts to build a culture that puts people first in everything we do," said Bryan W. Adams. "We work with incredible people who understand that diverse voices lead to better decision making and greater innovation. Integrity is an organization that proactively seeks and creates opportunities to celebrate and activate our core values of Integrity, Respect, Family, Service and Partnership. We are constantly working to make Integrity one of the best places in the country for talented people to build exceptional careers."
Integrity offers every eligible employee an ownership stake in the company from day one through their innovative and generous Integrity Employee Ownership Plan. The company also provides many employee-culture focused events throughout the year, including Women's Month, Diwali and Juneteenth celebrations, among others.
"At Integrity, we pride ourselves on building a culture that acknowledges the broad diversity of our employees — it's part of our winning strategy," shared Rachelle McReynolds, Chief HR Officer and VP of People & Culture. "It wouldn't be possible without Bryan's enthusiastic support and personal championship of these efforts. As a leader, he is passionate about creating an environment that includes the unique perspectives and potential of all Integrity team members, and he consistently demonstrates this commitment not only in word, but in action."
"Bryan is incredibly well deserving of this award — I am continuously impressed by the lengths he will go to build a strong employee culture," stated Steve Young, Chairman of Integrity's Board of Directors. "His knowledge of the industry and how his employees fit into its larger picture have shaped his vision. By putting his team and his people first, Bryan has created a culture that supports and invigorates Integrity's mission to serve the life, wealth and health needs of more Americans. His efforts are paving the way for other companies in this field to establish best practices that will surely become the industry standard."
For more information about Integrity's workplace culture, visit www.integritymarketing.com/Culture.
Integrity, headquartered in Dallas, Texas, is a leading distributor of life and health insurance, and provider of innovative solutions for wealth management and retirement planning. Through its partner network, Integrity helps millions of Americans protect their life, health and wealth with a commitment to meet them wherever they are — in person, over the phone and online. Integrity's cutting-edge technology helps streamline the insurance and financial planning experience for all stakeholders. In addition, Integrity develops products with carrier partners and markets them through its distribution network of agencies, brokerages and RIAs throughout the nation. Integrity's nearly 6,000 employees work with more than 450,000 agents and advisors who serve over 10 million clients annually. In 2022, Integrity will help carriers place more than $12 billion in new sales and oversee more than $20 billion of assets under management and advisement through its RIA and broker-dealer platforms. For more information, visit www.integritymarketing.com.
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PORTLAND, Ore. — The Pacific Northwest is bracing for a major heat wave, with temperatures forecast to top 100 degrees Fahrenheit (37.8 Celsius) in some places this week as climate change fuels longer hot spells in a region where such events were historically uncommon.
“To have five-day stretches or a weeklong stretch above 90 degrees is very, very rare for the Pacific Northwest,” said Vivek Shandas, professor of climate adaptation at Portland State University.
Local officials and residents have been scrambling to adjust to longer, hotter heat waves following last summer's deadly “heat dome.” In late June and early July 2021, about 800 people died across Oregon, Washington and British Columbia during the days-long extreme heat event, which saw record temperatures soar to 116 degrees F (46.7 C) in Portland and smash heat records in cities and towns across the region. Many of those who died were elderly and lived alone.
While temperatures aren’t expected to reach those highs next week, the number of consecutive hot days has officials on guard. Portland, Oregon, could top 100 degrees F (37.8 C) on Tuesday and wide swaths of western Oregon and Washington are predicted to be well above historic averages throughout the week.
“It’s nothing we haven’t seen before in terms of the magnitude, but the duration of the event is fairly unusual,” said John Bumgardner, a meteorologist at the National Weather Service office in Portland.
“We’re trying to message that people who don’t have AC might have a harder time near the end of the event,” said Bumgardner, adding there may be an “accumulation” of sleep deprivation if it doesn’t cool off sufficiently at night. Overnight temperatures may not dip below the 70s in some areas.
Much of the U.S. saw above-average warmer temperatures in June, according to the National Oceanic and Atmospheric Administration. The NOAA estimates that weather and climate disasters, including tornados, hail and extreme drought, have cost at least $9 billion in damage across the nation so far this year.
Portland’s Bureau of Emergency Management is opening cooling centers in public buildings and installing misting stations in parks. Officials hope outreach efforts will help those facing the greatest risk from heat, including people who are older, people who live alone, those with disabilities, low-income households without air conditioning and the unhoused.
“Unfortunately there’s this intersection of our climate crisis and our housing emergency,” said Jonna Papefthimiou, Chief Resilience Officer for the Portland Bureau of Emergency Management, adding that unhoused people “face the greatest risk from all kinds of severe weather.”
Last year’s deadly heat dome prompted the city of Portland and the state of Oregon to take action. The Portland Housing Bureau will require newly constructed subsidized housing to have air conditioning. A new state law will require housing built after April 2024 to have air conditioning in at least one room, and prevents landlords from restricting tenants from installing cooling devices in most cases.
Portland also launched a heat response program to provide heat pumps and cooling devices to vulnerable residents. It aims to distribute 15,000 units over the next five years.
Some 3,000 cooling units have been ordered but only around 750 have been installed so far, according to figures from Earth Advantage, the nonprofit overseeing the program’s purchases and logistics. This is partly due to supply chain shortages amid growing demand for air conditioners, according to Jaimes Valdez, the Organizational, Development and Policy Manager for the Portland Clean Energy Fund, which oversees the initiative.
“This equipment is in high demand, not just in the region but globally,” said Valdez, citing recent heat waves in Europe. “We do see a lot of need and this program is ramping up.”
Portland Parks and Recreation and Human Access Project, a nonprofit working to increase access to and recreation in the city’s Willamette River, are promoting six recommended swimming areas in the river ahead of the heat wave.
“The Willamette River is owned by the citizens of Oregon and it’s a free accessible resource,” said HAP’s Willie Levenson, who added that taking a dip in the river can help “mitigate extreme heat.”
To reduce emissions and adapt to climate change in the long term, experts say cities will have to improve urban design standards as well as buildings’ insulation, weatherization and heating and cooling systems.
PSU’s Shandas says the Pacific Northwest has “tipped over into a new normal.”
“The ecology is not prepared for it, our infrastructure’s not prepared for it, and certainly the communities are just now trying to figure out what to do about it,” he said. | https://www.kivitv.com/news/heat-wave-to-hit-pacific-northwest-a-year-after-deadly-event | 2022-07-25T20:23:27Z | https://www.kivitv.com/news/heat-wave-to-hit-pacific-northwest-a-year-after-deadly-event | true |
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
© 2022 Good Karma Brands Milwaukee, LLC. | https://wtmj.com/ap-news/2022/07/25/ap-top-business-news-at-1218-p-m-edt-18/ | 2022-07-25T20:24:24Z | https://wtmj.com/ap-news/2022/07/25/ap-top-business-news-at-1218-p-m-edt-18/ | false |
By SCOTT BAUER
Associated Press
MADISON, Wis. (AP) — Four people in Wisconsin with disabilities have filed a lawsuit asking a federal court to ensure that they’ll be able to get help turning in their ballots, even though the conservative-leaning state Supreme Court said no one other than the voter can return absentee ballots in person. The lawsuit was filed Friday in U.S. District Court in Madison. It comes in response both to the Wisconsin Supreme Court ruling earlier this month and comments made by Meagan Wolfe, administrator of the Wisconsin Elections Commission. The state Supreme Court ruled that absentee ballot drop boxes are illegal and that only the voter can return their absentee ballot in person to the clerk’s office or a designated site.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. | https://wtmj.com/ap-news/2022/07/25/wisconsin-disabled-voters-file-federal-lawsuit-over-ballots-2/ | 2022-07-25T20:27:00Z | https://wtmj.com/ap-news/2022/07/25/wisconsin-disabled-voters-file-federal-lawsuit-over-ballots-2/ | true |
CEO of Integrity awarded for his outstanding efforts to build and support a diverse workforce by Comparably, a widely respected company reputation platform
DALLAS, July 25, 2022 /PRNewswire/ -- Integrity Marketing Group, LLC ("Integrity"), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced Co-Founder and CEO Bryan W. Adams has won a 2022 "Best CEO for Diversity" award from Comparably, a well-respected organization that recognizes top-ranked CEOs and companies. Integrity joins the ranks of other noteworthy award winners in the large employer category, which has included Adobe, Microsoft, ADP, IBM, Uber and Hubspot, among others.
Derived from 15 million ratings across 70,000 companies, the list of "Best CEOs for Diversity" is unique from other awards because it is based on anonymous feedback from Integrity's nearly 6,000 employees.
"I am honored to receive this award because it reinforces and validates our ongoing efforts to build a culture that puts people first in everything we do," said Bryan W. Adams. "We work with incredible people who understand that diverse voices lead to better decision making and greater innovation. Integrity is an organization that proactively seeks and creates opportunities to celebrate and activate our core values of Integrity, Respect, Family, Service and Partnership. We are constantly working to make Integrity one of the best places in the country for talented people to build exceptional careers."
Integrity offers every eligible employee an ownership stake in the company from day one through their innovative and generous Integrity Employee Ownership Plan. The company also provides many employee-culture focused events throughout the year, including Women's Month, Diwali and Juneteenth celebrations, among others.
"At Integrity, we pride ourselves on building a culture that acknowledges the broad diversity of our employees — it's part of our winning strategy," shared Rachelle McReynolds, Chief HR Officer and VP of People & Culture. "It wouldn't be possible without Bryan's enthusiastic support and personal championship of these efforts. As a leader, he is passionate about creating an environment that includes the unique perspectives and potential of all Integrity team members, and he consistently demonstrates this commitment not only in word, but in action."
"Bryan is incredibly well deserving of this award — I am continuously impressed by the lengths he will go to build a strong employee culture," stated Steve Young, Chairman of Integrity's Board of Directors. "His knowledge of the industry and how his employees fit into its larger picture have shaped his vision. By putting his team and his people first, Bryan has created a culture that supports and invigorates Integrity's mission to serve the life, wealth and health needs of more Americans. His efforts are paving the way for other companies in this field to establish best practices that will surely become the industry standard."
For more information about Integrity's workplace culture, visit www.integritymarketing.com/Culture.
Integrity, headquartered in Dallas, Texas, is a leading distributor of life and health insurance, and provider of innovative solutions for wealth management and retirement planning. Through its partner network, Integrity helps millions of Americans protect their life, health and wealth with a commitment to meet them wherever they are — in person, over the phone and online. Integrity's cutting-edge technology helps streamline the insurance and financial planning experience for all stakeholders. In addition, Integrity develops products with carrier partners and markets them through its distribution network of agencies, brokerages and RIAs throughout the nation. Integrity's nearly 6,000 employees work with more than 450,000 agents and advisors who serve over 10 million clients annually. In 2022, Integrity will help carriers place more than $12 billion in new sales and oversee more than $20 billion of assets under management and advisement through its RIA and broker-dealer platforms. For more information, visit www.integritymarketing.com.
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SOURCE Integrity Marketing Group, LLC | https://www.kswo.com/prnewswire/2022/07/25/bryan-w-adams-named-best-ceo-diversity-comparablys-top-100-awards/ | 2022-07-25T20:31:23Z | https://www.kswo.com/prnewswire/2022/07/25/bryan-w-adams-named-best-ceo-diversity-comparablys-top-100-awards/ | false |
By KATE BRUMBACK
Associated Press
ATLANTA (AP) — The prosecutor who’s investigating whether former President Donald Trump and his allies illegally tried to interfere in the 2020 election in Georgia cannot question a lawmaker who signed a certificate falsely stating that Trump won the state, a judge ruled Monday.
Superior Court Judge Robert McBurney agreed with Republican state Sen. Burt Jones that Fulton County District Attorney Fani Willis had a conflict of interest because she hosted a fundraiser last month for Jones’ Democratic opponent in November’s election for lieutenant governor. McBurney said during a hearing last week that Willis’ decision to host the fundraiser was “a ‘What are you thinking?’ moment. The optics are horrible.”
Willis can still ask other witnesses about Jones, the judge said, but will not be able to bring charges against him. Instead, the Prosecuting Attorneys’ Council of Georgia, a nonpartisan association of Georgia district attorneys, should appoint another prosecutor to decide if any charges should be brought against Jones, one of 16 Georgia Republicans who falsely claimed to be the state’s “duly elected and qualified” electors.
“Today’s ruling is a huge win for our campaign — but more importantly, for due process and the rule of law in Georgia,” Jones said in an emailed statement.
Willis’ office was still reviewing the order and didn’t have an immediate comment, spokesperson Jeff DiSantis said.
The judge’s decision Monday likely has no real bearing on the future of Willis’ overarching investigation into what she has called “a multi-state, coordinated plan” by Trump’s campaign to influence the results of the 2020 election. But it served as a rebuke of Willis and provided ammunition to her critics who have accused her of pursuing a politically motivated case.
McBurney said in his order that Willis was within her rights to host the fundraiser but that her decision “has consequences.”
“She has bestowed her office’s imprimatur upon Senator Jones’s opponent. And since then, she has publicly (in her pleadings) labeled Senator Jones a ‘target’ of the grand jury’s investigation,” the judge wrote. “This scenario creates a plain — and actual and untenable — conflict. Any decision the District Attorney makes about Senator Jones in connection with the grand jury investigation is necessarily infected by it.”
Willis serves as the “legal advisor” for the special grand jury and she and her prosecutors “largely shape the grand jury’s investigation by subpoenaing witnesses and leading their questioning,” McBurney wrote in his order.
The order says Willis and her team cannot subpoena Jones or seek to obtain any records from him, may not publicly categorize him as a subject or target of the special grand jury’s investigation and may not ask the special grand jury to include any recommendations about him in its final report.
McBurney denied a request from 11 of the other people who signed the false electoral certificate to disqualify Willis from matters regarding them and also declined to quash subpoenas for them.
Willis opened the investigation last year, and a special grand jury was seated in May at her request. The special grand jury cannot issue an indictment but instead will issue recommendations when its investigation is done. It will then be up to Willis to decide whether to seek an indictment from a regular grand jury.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. | https://wtmj.com/national/2022/07/25/judge-georgia-probe-prosecutor-cant-question-fake-elector/ | 2022-07-25T20:31:42Z | https://wtmj.com/national/2022/07/25/judge-georgia-probe-prosecutor-cant-question-fake-elector/ | true |
- A judge effectively barred a Georgia prosecutor from investigating one of 16 Republican "fake electors" for former President Donald Trump.
- The judge ruled that a recent campaign fundraiser Fulton County District Attorney Fani Willis hosted for the Democratic political opponent of Republican state Sen. Burt Jones disqualified her.
- Fulton County Judge Robert McBurney denied a motion by 11 other Trump electors who sought to quash a grand jury subpoena issued at the behest of Willis.
- Trump is being investigated for possible criminal meddling in Georgia's 2020 presidential election, which President Joe Biden won.
A judge Monday effectively barred a Georgia prosecutor from investigating Republican state Sen. Burt Jones — one of 16 "fake electors" for former President Donald Trump — saying she was disqualified by hosting a campaign fundraiser for Jones' political opponent.
In the same order, Fulton County Judge Robert McBurney also denied a motion by 11 other Trump electors who sought to quash grand jury subpoenas to them issued at the behest of county District Attorney Fani Willis.
Willis may continue to investigate those individuals — and Trump himself — for possible criminal meddling in Georgia's 2020 election.
But McBurney's order as it relates to Jones, the Republican nominee for lieutenant governor, is an embarrassing loss for Willis, whose investigation is considered the biggest threat to Trump in terms of potential criminal liability.
McBurney's ruling bars Willis and her special prosecution team from issuing a subpoena to Jones, from categorizing him as a subject or target of the grand jury probe and from asking the grand jury to include any recommendation about him in its final report.
Willis' office will be allowed to ask witnesses about Jones' involvement in efforts to cast doubt on the 2020 election results.
Money Report
But she may not use such evidence to develop a criminal case against him, if one is warranted, the judge ruled.
Instead, that decision will be left up to a different prosecutor's office, as selected by the state's attorney general, McBurney ordered.
"An investigation of this significance, garnering the public attention it necessarily does and touching so many political nerves in our society, cannot be burdened by legitimate doubts about the District Attorney's motives," McBurney wrote in his order.
"The District Attorney does not have to be apolitical, but her investigations do," the judge added.
Willis and the grand jury in Atlanta are eyeing efforts by Trump, his lawyers and other allies to get Georgia officials to overturn President Joe Biden's popular election win in that state.
Because the president won Georgia, a slate of Biden electors for the Electoral College won the right to cast ballots for him in that body, which under the U.S. Constitution determines the winner of the national presidential election.
After the 2020 election, people who claimed to be electors for Trump in seven battleground states that he lost to Biden submitted certificates to the National Archives, setting the stage for a possible legal dispute over which slate of electors would be chosen to cast ballots.
And Trump in early January 2021 pressured Georgia's secretary of state to "find" him enough votes in the popular election to reverse Biden's win, which would in turn mean that Trump would be able to argue he was entitled to the state's Electoral College delegates.
Last week, Willis' office said in a court filing that the DA had notified all 16 of the false electors in Georgia that they were targets of her criminal investigation.
Eleven of the electors filed a motion to quash subpoenas seeking their testimony from the special grand jury that is gathering evidence in the probe. Jones filed a motion to disqualify Willis from investigating him because of her support for his opponent in the 2022 midterm election.
McBurney in his order Monday said that Willis was "within her rights as an elected official" to host a June 14 fundraiser for the Democratic nominee for lieutenant governor, Charlie Bailey, who won a runoff in the party's primary a week after that event.
But "this choice ... has consequences," McBurney wrote.
"She has bestowed her office's imprimatur upon Senator Jones's opponent. And since then, she has publicly (in her pleadings) labeled Senator Jones a 'target' of the grand jury's investigation," the judge wrote.
"This scenario creates plain — and actual and untenable — conflict. Any decision the District Attorney makes about Senator Jones in connection with the grand jury investigation is necessarily infected by it." | https://www.nbcdfw.com/news/business/money-report/georgia-prosecutor-fani-willis-disqualified-from-investigating-trump-fake-elector-in-criminal-probe/3030964/ | 2022-07-25T20:32:30Z | https://www.nbcdfw.com/news/business/money-report/georgia-prosecutor-fani-willis-disqualified-from-investigating-trump-fake-elector-in-criminal-probe/3030964/ | false |
Green Bay police review video in which officer grabs Dillon
Green Bay police say their internal affairs department is conducting a review after a video on social media showed an officer grabbing Packers running back A
GREEN BAY, Wis. (AP) — Green Bay police say their internal affairs department is conducting a review after a video on social media showed an officer grabbing Packers running back A.J. Dillon during a Saturday night soccer match at Lambeau Field.
Video posted on social media showed Dillon in the end zone greeting fans in the stands during the exhibition match between FC Bayern Munich and Manchester City FC. Dillon appeared to be on the verge of doing a Lambeau leap into the crowd when the video showed an officer grabbing him by the back of his collar and giving him a shove.
After fans booed and Dillon appeared to offer an explanation, the officer backed off and allowed Dillon to jump into the stands. When the video started to gain attention on social media, Dillon tweeted out his account of what happened.
“It is clear that there was a miscommunication between the officer and Mr. Dillon,” Green Bay police chief Chris Davis said Monday in a statement. “The Green Bay Police Department appreciates the perspective and supportive words from Mr. Dillon. The Green Bay Police Department Professional Standards/Internal Affairs Division has initiated a review of this incident.”
Davis' statement didn't identify the officer shown on the video.
Dillon said on social media that a couple of security officials had helped him come down to the field during a rain delay in Saturday’s soccer match so that he could do a Lambeau leap to excite the crowd.
“I’m assuming (the officer) missed them telling me to come down,” Dillon said.
In a later tweet, Dillon described the incident as “just miscommunication between parties.”
“The @GBPolice are great people and I’m glad we have them down for our games to keep us safe,” Dillon said. “Standing there in the pouring rain with all those people, it’s hard to know what’s going on with just one. All good.”
When he was asked about the incident Monday after the Packers’ annual shareholders meeting, team president/CEO Mark Murphy called it “obviously a very unfortunate situation that occurred.”
___
More AP NFL: https://apnews.com/NFL and https://twitter.com/AP_NFL | https://www.wbay.com/2022/07/25/green-bay-police-review-video-which-officer-grabs-dillon/ | 2022-07-25T20:36:04Z | https://www.wbay.com/2022/07/25/green-bay-police-review-video-which-officer-grabs-dillon/ | false |
Mission-Driven Nonprofits Partner to Preserve Affordability of Magnolia Plaza Senior Apartments
Amid Housing Affordability Crisis, Rising Rents Leave Low-Income Seniors on Fixed-Incomes Susceptible To Housing Insecurity
NEW YORK, July 25, 2022 /PRNewswire/ -- CPC Mortgage Company, a mission-driven nonprofit mortgage lender, and BRIDGE Housing, a leading nonprofit developer, owner and manager of affordable housing in California, Oregon and Washington, announced $19.4 million in financing to refinance and preserve the Magnolia Plaza Senior Apartments. Located at 630 Baden Avenue in South San Francisco, CA, the property provides 125 units of affordable housing for low-income senior citizens.
According to reports, the senior citizen population is one of the fastest growing in the country, with seniors facing higher cost burdens as they age. With many seniors living on lower, fixed incomes, they often face a difficult choice of either paying the rising costs of rent or paying for other necessities, putting them at increased risk of housing instability.
"As a nonprofit lender, we look at deals through a lens of social impact. Every borrower and every transaction has the potential to help us continue to invest in communities," said John Cannon, President, CPC Mortgage Company. "Partnering with a company like BRIDGE Housing that shares our values and is committed to lifting up the communities they serve was a natural fit. We're proud that BRIDGE chose CPC Mortgage Company to provide the financing that allows them continue their work of bringing safe, quality affordable housing to the communities they serve."
"For seniors, particularly those with lower incomes, it makes all the difference in the world to have a stable, affordable home," said Ken Lombard, President and CEO of BRIDGE. "We're grateful for the innovative partnership with CPC Mortgage Company, which will help us preserve and enhance Magnolia Plaza's affordability for the long term."
"It was a pleasure to work with Jonathan Stern and BRIDGE's acquisition and capital market teams to help facilitate the purchase and preservation of this legacy asset," said David Galst, Vice President and Mortgage Officer at CPC Mortgage Company's California office. "Complex, affordable transactions with expedited timeframes can be particularly challenging to get to the closing table. The partnership between CPC Mortgage Company and BRIDGE, two nonprofits with extensive experience in affordable housing, helped make the process and execution of both the bridge and perm loan much smoother."
Built in 1988, the property is a 125‐unit, garden‐style apartment building that is age restricted to seniors age 62 and over. While there is a current requirement that 63 units be income-restricted to residents with incomes at or below 80% area median income, BRIDGE has initially restricted 84 of the units to 80% AMI or lower, and expects to be able to increase this number going forward.
The complex provides elevators, laundry facilities, community room, library, computer lab, and landscaped garden walkways. Magnolia Plaza Senior Apartments is adjacent to an architecturally distinguished surplussed school building, which was renovated by the City of South San Francisco as a senior center for the residents of both the development and the larger community. The complex includes a historic reconstruction of the city's original one-room schoolhouse as a project office and community room.
BRIDGE was a member of the original enterprise that constructed Magnolia Plaza Senior Apartments in 1988, and recently purchased the property from the remaining partners. The Community Preservation Corporation (CPC), the nonprofit parent company of CPC Mortgage Company, extended a $19.4 million bridge loan that was essential to BRIDGE's acquisition of the property due to an expedited closing timeline and the complex structure of the transaction. The first mortgage financing CPC Mortgage Company is providing via a Freddie Mac Targeted Affordable Housing loan that is refinancing the CPC bridge loan, providing BRIDGE with flexibility to resyndicate the property in the future.
The partnership between BRIDGE and CPC Mortgage Company brings together two unique mission-driven organizations, an owner-investor and a lender, that each focus on creating a social impact through responsible investments in multifamily housing. CPC Mortgage Company provides access to affordable and flexible mortgage products that are critical for multifamily building owners to maintain the physical and financial health, and the affordability of their properties. BRIDGE is a mission-driven nonprofit that pays close attention to the double-bottom line of financial and social return on investment, always in pursuit of quality, quantity, affordability and in keeping with its core values.
CPC Mortgage Company is a subsidiary of The Community Preservation Corporation (CPC), an S&P AA- rated, nonprofit multifamily finance company that has delivered more than $12.5 billion to finance more than 220,000 units of affordable and workforce housing. As the only nonprofit mortgage lender with a suite of Freddie Mac, Fannie Mae and HUD/FHA nationally licensed products, CPC Mortgage Company brings its flexible capital and unique expertise to borrowers and communities to expand and preserve affordable and workforce housing. Revenue generated from CPC Mortgage Company supports the mission-aligned work of CPC to create a positive social impact through investments in housing and community development. Visit us at communityp.com/mortgagecompany
BRIDGE Housing Corporation, a leading nonprofit developer and owner of affordable housing, creates and manages a range of high-quality, affordable homes for families and seniors in California, Oregon and Washington. Since it was founded in 1983, BRIDGE has participated in the development of more than 18,000 homes. For more information, visit www.bridgehousing.com
Contact:
Jordyn Leon
785-979-5775
jordyn.leon@berlinrosen.com
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SOURCE Community Preservation Corporation | https://www.wistv.com/prnewswire/2022/07/25/cpc-mortgage-company-bridge-housing-close-194-million-refi-preserve-125-units-affordable-senior-housing-south-san-francisco/ | 2022-07-25T20:38:10Z | https://www.wistv.com/prnewswire/2022/07/25/cpc-mortgage-company-bridge-housing-close-194-million-refi-preserve-125-units-affordable-senior-housing-south-san-francisco/ | false |
TAIPEI, July 25, 2022 /PRNewswire/ -- QNAP® Systems, Inc., today launched the TS-h1290FX NAS. Providing QNAP's first PCIe 4.0 and U.2 NVMe/SATA all-flash NAS in a tower form factor, the TS-h1290FX excels in the most demanding work environments such as collaborative high-resolution video workflows. Featuring AMD EPYC ™ 8/16-core processors, built-in 25GbE and 2.5GbE connectivity, PCIe Gen 4 expansion, and up to petabyte-scale storage capacity, the TS-h1290FX tackles data-intensive and latency-sensitive applications, such as large media file transfer, real-time editing of 4K/8K high-resolution media, online collaborative workflows, and virtualization applications.
"Modern businesses and studios shouldn't need to dedicate entire rooms to accommodate hot and loud servers, and that's where the TS-h1290FX comes in. Contained within a unique tower form factor and utilizing quiet cooling is exceptional performance driven by a server-grade processor, all-flash U.2 NVMe SSD storage, and QNAP's enterprise-grade QuTS hero operating system," said Jason Hsu, Product Manager of QNAP.
With a sleek design, easily scalable storage, and near-silent cooling, the TS-h1290FX (Dimensions: 368 x 362 x 152.7 mm) is ideal for small/medium businesses and video editing teams for high-speed backup, collaboration, and video editing workflows. To streamline workflows, the TS-h1290FX offers direct connectivity for up to 20 PC/workstations when used with QNAP's PCIe network cards. It is fully compatible with mainstream software solutions and can tackle bandwidth-demanding challenges such as real-time 4K/8K video editing and collaborative editing. Its fanless CPU cooler and near-silent 90mm system fan also provide effective cooling without distracting noises, making it ideal for integrating into modern work environments.
For TS-h1290FX specifications and to view the full QNAP NAS lineup, please visit http://www.qnap.com/. Customers interested in purchasing can request a quote here.
About QNAP
Media Contact
marketing@qnap.com
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SOURCE QNAP Systems, Inc. | https://www.kswo.com/prnewswire/2022/07/25/qnap-launches-ts-h1290fx-first-tower-u2-nvmesata-all-flash-nas-powered-by-amd-epyc-fulfilling-25gbe-collaborative-workflow-environments/ | 2022-07-25T20:38:26Z | https://www.kswo.com/prnewswire/2022/07/25/qnap-launches-ts-h1290fx-first-tower-u2-nvmesata-all-flash-nas-powered-by-amd-epyc-fulfilling-25gbe-collaborative-workflow-environments/ | false |
WASHINGTON, July 25, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it will release its financial results for the fiscal quarter ended June 30, 2022, on Monday, August 8, 2022, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m. eastern time.
The conference call can be accessed by telephone or webcast as follows:
Dial-In (Domestic): (888) 346-2616
Dial-In (International): (412) 902-4254
Webcast: https://www.farmermac.com/investors/events-presentations/
When dialing in to the call, please ask for the "Farmer Mac Earnings Conference Call." This call can be heard live and will also be available for replay on Farmer Mac's website following the conclusion of the conference call.
About Farmer Mac
Farmer Mac is a vital part of the agricultural credit markets and was created to increase access to and reduce the cost of credit for the benefit of American agricultural and rural communities. As the nation's secondary market for agricultural credit, we provide financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from access to flexible, low-cost financing and risk management tools. Farmer Mac's customers benefit from its low cost of funds, low overhead costs, and high operational efficiency. More information about Farmer Mac is available on Farmer Mac's website at www.farmermac.com.
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SOURCE Farmer Mac | https://www.wistv.com/prnewswire/2022/07/25/farmer-mac-announce-second-quarter-2022-financial-results/ | 2022-07-25T20:39:13Z | https://www.wistv.com/prnewswire/2022/07/25/farmer-mac-announce-second-quarter-2022-financial-results/ | true |
WFO MIDLAND/ODESSA Warnings, Watches and Advisories for Monday, July 25, 2022
_____
FLASH FLOOD WARNING
Flash Flood Statement
National Weather Service Midland/Odessa TX
246 PM CDT Mon Jul 25 2022
...FLASH FLOOD WARNING REMAINS IN EFFECT UNTIL 430 PM CDT THIS
AFTERNOON FOR NORTH CENTRAL JEFF DAVIS COUNTY...
At 246 PM CDT, Doppler radar indicated thunderstorms producing heavy
rain across the warned area. Between 1.5 and 2 inches of rain have
fallen. Flash flooding is ongoing or expected to begin shortly.
HAZARD...Flash flooding caused by thunderstorms.
SOURCE...Radar.
IMPACT...Flash flooding of small creeks and streams, urban areas,
highways, streets and underpasses as well as other poor
drainage and low-lying areas.
Some locations that will experience flash flooding include...
mainly rural areas of North Central Jeff Davis County
This includes the following streams and drainages...
Ninemile Draw, Madera Canyon and Cherry Creek.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
Please report observed flooding to local emergency services or law
enforcement and request they pass this information to the National
Weather Service when you can do so safely.
_____
Copyright 2022 AccuWeather | https://www.theheraldreview.com/weather/article/TX-WFO-MIDLAND-ODESSA-Warnings-Watches-and-17327867.php | 2022-07-25T20:40:12Z | https://www.theheraldreview.com/weather/article/TX-WFO-MIDLAND-ODESSA-Warnings-Watches-and-17327867.php | true |
CLOSE ENCOUNTER: Man comes face to face with black bear
JUPITER, Fla. (WPBF) – A Florida man had a close encounter with a black bear and he caught the animal on video.
Doug Covin said he came face to face with the bear in Jupiter after hearing a small noise, followed by the breaking of a branch on a nearby tree.
“Look up and there’s a 150 pound black bear, maybe 10 feet from me, staring at me,” Covin said. “I didn’t know what it was at first. I was looking right at him and I was thinking, ‘What am I looking at? That’s a bear staring right at me.’”
Covin was able to capture footage of the black bear after he backed away and called 911.
He said the bear was in the tree for about half an hour before it ran a block away and camped out in another tree.
“To have it here in Jupiter, it’s still hard to wrap my mind around the fact,” Covin said. “I mean, we see squirrels and an occasional oppossum or raccoon in the backyard, but it’s pretty unbelievable to have one [a bear].”
The Florida Fish and Wildlife Conservation Commission (FWC) said bear sightings are rare in this part of south Florida, but they do happen from time to time.
The animals are also more active this time of year, and juvenile bears like the one encountered by Covin tend to wander off into unexpected areas.
The FWC said they set a trap and are trying to locate the black bear.
“Every time I hear a noise I’m going to be like, ‘Is it another bear?,’” Covin said. “So, it will take a little while to get over this one. Not that I was scared of him, but it’s just definitely a shocker.”
The FWC said if you come across a bear, make sure to give it space, don’t approach it and definitely don’t feed it.
Copyright 2022 WPBF via CNN Newsource. All rights reserved. | https://www.cleveland19.com/2022/07/25/close-encounter-man-comes-face-face-with-black-bear/ | 2022-07-25T20:41:14Z | https://www.cleveland19.com/2022/07/25/close-encounter-man-comes-face-face-with-black-bear/ | false |
SEATTLE (AP) _ F5 Networks Inc. (FFIV) on Monday reported fiscal third-quarter earnings of $83 million.
On a per-share basis, the Seattle-based company said it had net income of $1.37. Earnings, adjusted for one-time gains and costs, were $2.57 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.23 per share.
The computer networking company posted revenue of $674.5 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $667.4 million.
For the current quarter ending in September, F5 expects its per-share earnings to range from $2.45 to $2.57. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.28.
The company said it expects revenue in the range of $680 million to $700 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $690.2 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FFIV at https://www.zacks.com/ap/FFIV | https://www.sfchronicle.com/business/article/F5-Fiscal-Q3-Earnings-Snapshot-17327943.php | 2022-07-25T20:41:34Z | https://www.sfchronicle.com/business/article/F5-Fiscal-Q3-Earnings-Snapshot-17327943.php | false |
Through Their A Greater Good Platform, The Brand Aims to Launch Their First Ever Denim Circularity Initiative
PHILADELPHIA, July 25, 2022 /PRNewswire/ -- Anthropologie is pleased to announce their collaboration with Cotton Incorporated's Blue Jeans Go Green™ program: an initiative at the forefront of denim recycling. Beginning today, Anthropologie customers are invited to bring in their pre-loved denim to any of the brand's 200+ US retail locations to be recycled into insulation materials used in various applications through Cotton Incorporated's consumer sustainability program.
Earlier this year, Anthropologie announced its A Greater Good platform, which details their journey to becoming more environmentally sustainable and socially conscious. Through conservation initiatives, partnering with a diverse array of non-profit partners, and working to ensure the products they sell are ethically sourced, the brand hopes to incite meaningful change.
In support of their A Greater Good platform, Anthropologie aims to launch their denim circularity initiative, support their waste-reduction initiatives, and reduce their environmental impact. Aiming to divert denim waste from landfills and turn old denim into something new, the brand will bring together their loyal community and engaged social network to amplify this nationwide sustainability effort.
"At Anthropologie we are committed to creating a more sustainable future and being mindful of our environmental impact on the planet across our business operations," states Elizabeth Preis, Anthropologie's Chief Marketing Officer. "We are continually ideating new and inventive ways to enforce sustainability efforts across all facets of our brand's ecosystem by repurposing reclaimed objects into imaginative displays in our stores, utilizing upcycled materials in our one-of-a-kind windows, and transforming everyday materials into unique and surprising packaging. We are thrilled to be working with Cotton's Blue Jeans Go Green™ program to extend the lifecycle of jeans by collecting unwanted denim from our devoted community which will be recycled to create something new."
"As part of their ongoing commitment to sustainability, we are thrilled to have Anthropologie participate in the Blue Jeans Go Green™ program as they introduce denim recycling to their customers," says Andrea Samber, director of consumer marketing, brand partnerships for Cotton Incorporated. "While denim, made from cotton, is natural, sustainable, and durable, we know consumers change preference in style, size, or it can just get worn to the point that it's time to move out of the closet. By reimagining what their old denim can do, their customers can reduce textile waste and close the loop on cotton sustainability, ensuring Anthropologie's continued mindfulness about their environmental impact."
Today through August 7, 2022, customers who recycle their denim at Anthropologie stores across the US will receive $20 off a new, full-price jean purchase of $100 or more. Customers are invited to recycle any type of denim apparel item inclusive of jeans, jackets, shirts, skirts and more, as long as it's made of 90% cotton or greater. The brand will be accepting denim drop-offs through August 31.
A unique lifestyle brand, Anthropologie is in constant conversation with our thoughtful, creative-minded community, and we take pride in our connection with individuals who prioritize self-expression and are in active pursuit of inspiration. We are committed to exceeding our customer's expectations in unexpected, personalized ways. Over the years, our product offering has expanded to encompass apparel, shoes, accessories, activewear, bridal (through our sister brand BHLDN), beauty, wellness, furniture, home décor, garden (through our sister brand Terrain), and so much more, the majority of which is available only at Anthropologie. Founded in 1992, Anthropologie now ships to over 100 countries (through www.anthropologie.com) and operates more than 200 stores around the world.
The Blue Jeans Go Green™ denim recycling program was created in 2006 by Cotton Incorporated as a call-to-action to recycle denim and give it "new life" by transforming it into something new.
The program strives to inspire sustainable living by educating people on cotton's natural lifecycle and engages consumers and local communities by diverting unwanted denim from landfills, helping to close the loop on cotton sustainability while emphasizing the environmental stewardship of the U.S. cotton industry at large.
Blue Jeans Go Green™ is a trademark of Cotton Incorporated.
Kate Haldy
Anthropologie
PR@Anthropologie.com
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SOURCE Anthropologie | https://www.kxii.com/prnewswire/2022/07/25/anthropologie-announces-collaboration-with-cotton-incorporateds-blue-jeans-go-green-program/ | 2022-07-25T20:41:43Z | https://www.kxii.com/prnewswire/2022/07/25/anthropologie-announces-collaboration-with-cotton-incorporateds-blue-jeans-go-green-program/ | true |
Topeka man arrested after domestic dispute sends teenage girl to hospital
TOPEKA, Kan. (WIBW) - The Shawnee County Sheriff’s Office announced a 23-year-old male is in custody and facing multiple domestic related charges following an altercation in the 800 block of NE 62nd Street on Sunday night.
Mario Cabrera Jr. , 23, was arrested and booked into the Shawnee Department of Corrections shortly after 11:00 p.m. Sunday night. He was charged with aggravated domestic battery, aggravated assault, aggravated kidnapping, domestic battery, criminal restraint, and interference with law enforcement.
Deputies responded to reports of a domestic disturbance late Sunday night. Officials say a 19-year-old female received medical attention at the scene and was then transported to a local hospital with non-life threatening injuries. Cabrera stayed inside of the residence for several minutes before coming outside where deputies were then able to take him into custody without further incident.
The incident is still under investigation.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/07/25/topeka-man-arrested-after-domestic-dispute-sends-teenage-girl-hospital/ | 2022-07-25T20:42:11Z | https://www.wibw.com/2022/07/25/topeka-man-arrested-after-domestic-dispute-sends-teenage-girl-hospital/ | true |
In 1960, the world population was 3 billion. This year the world population will surpass 8 billion. Consider the impacts on 'migration' which is propelled by repressive governments, war, crime, lack of economic security, all made worse by a growing population. Some think that border walls are the answer to keeping migrants out. Unfortunately, they do not address the causal factors of migration which will only increase with climate change. How many farmers will be able to grow food without adequate water? How much of the forest land will be destroyed by fire? How much land will be lost to rising seas? Significantly more people will become migrants and puny border walls will not stop them. Remember, the world population growth will continue and be 9 billion in 10 years.
Michael Mount
Foothills
Disclaimer: As submitted to the Arizona Daily Star. | https://tucson.com/opinion/letters/letter-population-growth-and-border-walls/article_bf285728-0c20-11ed-8b19-a34790f4597e.html | 2022-07-25T20:42:33Z | https://tucson.com/opinion/letters/letter-population-growth-and-border-walls/article_bf285728-0c20-11ed-8b19-a34790f4597e.html | true |
First annual Make A Day event for 100 Indiana children in need
FISHERS, Ind., July 25, 2022 /PRNewswire/ -- July 25 through July 29, 2022, DeVeau's is hosting the first Make A Day Indiana event. This will be a week-long, entirely free camp for 100 in-need children in and around the Indianapolis area to have an amazing experience during which our singular mission is to truly MAKE THEIR DAY. In addition to giving kids the adventure of a fun gymnastics camp, each child attending this Make A Day event will leave with a new backpack full of school supplies for the upcoming school year, donated by generous DeVeau's gymnastics families. We are also grateful to Fishers Parks and Recreation for donating books and supplies. Meals will be donated by Portillo's, Dominos, Arby's, and Little Caesars. Haircuts will also be provided by Cameron w/Braids and Fades.
"DeVeau's has been and will continue to be committed to teaching our students the importance of community service, of thinking beyond ourselves and our comfort zones to make an impact in our community in a positive way," said owner Luke Lautzenheiser. "After nearly two years of supporting Make A Day from afar, Tanny Arnold and I decided we could use our large platform to impact families with children in the greater Indianapolis area," Lautzenheiser continued.
Make A Day is a 501c3 Non Profit with a mission to serve those in the community that could use a helping hand, time, and attention. Founded in Columbus, Ohio, Make a Day is partnering with DeVeau's for this event as it expands into Indiana. DeVeau's School of Gymnastics has provided quality gymnastics instruction for over 40 years offering recreational programs, competitive teams, Ninja Zone classes, and camps to children and youth in and around the Indianapolis area. While it's well-known for developing world-class competitive gymnasts, DeVeau's central focus is on teaching goal setting, self-motivation, positive self-esteem, and a love of learning and trying new things.
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SOURCE DeVeau's School of Gymnastics | https://www.kxii.com/prnewswire/2022/07/25/deveaus-school-gymnastics-hosts-free-youth-camp/ | 2022-07-25T20:43:57Z | https://www.kxii.com/prnewswire/2022/07/25/deveaus-school-gymnastics-hosts-free-youth-camp/ | true |
ATLANTA, July 25, 2022 /PRNewswire/ -- The American Transportation Research Institute (ATRI) today launched a short survey to better understand truck driver perspectives and issues with Driver-Facing Cameras (DFCs).
ATRI's DFC research was a top research priority of its Research Advisory Committee in 2021. Previous FMCSA-sponsored research conducted by ATRI documented that truck drivers have very positive opinions about road-facing cameras, but numerous driver concerns were raised about driver-facing cameras. ATRI's DFC survey is designed to better understand the specific issues and concerns truck drivers have, and to determine what, if any, strategies might address those concerns.
The OOIDA Foundation participated in both the prioritization of the DFC research, as well as in the DFC survey design.
The second component of ATRI's DFC research will focus on how DFC video feeds could be used by defense attorneys to reduce unfavorable litigation outcomes against truck drivers and motor carriers.
The survey is available online here.
ATRI is the trucking industry's 501(c)(3) not-for-profit research organization. It is engaged in critical research relating to freight transportation's essential role in maintaining a safe, secure and efficient transportation system.
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SOURCE American Transportation Research Institute | https://www.wibw.com/prnewswire/2022/07/25/atri-launches-survey-gather-truck-driver-perspectives-driver-facing-cameras/ | 2022-07-25T20:43:58Z | https://www.wibw.com/prnewswire/2022/07/25/atri-launches-survey-gather-truck-driver-perspectives-driver-facing-cameras/ | false |
Updated July 25, 2022 at 4:19 PM ET
Bob Rafelson, the maverick producer/writer/director who rode the counterculture groundswell of the 1960s and '70s as deftly as anyone in Hollywood, died on Saturday at his home in Aspen, Colo. He was 89.
He spent his career upending conventions, though his breakthrough project didn't suggest he'd do that. When your showbiz calling-card is that you helped invent a TV boy-band to spoof the Beatles, nobody expects you to turn around and pioneer a whole new filmmaking style.
Still, it was his success as co-creator of The Monkees that helped bankroll the production company that made him a central figure of what was known as the American New Wave.
In just a few years, Rafelson's company produced Dennis Hopper's groundbreaking Easy Rider, Peter Bogdanovich's black and white masterwork The Last Picture Show, the Oscar-winning Vietnam documentary Hearts and Minds, and Rafelson's own road-trip film, Five Easy Pieces, probably best known for a scene in which Jack Nicholson finds a complicated work-around for a roadside diner's no-substitutions policy.
Though that widely imitated scene is comic, Five Easy Pieces is something of a tragicomedy – the story of a once-brilliant classical pianist who's been knocking around as a rough-mannered oil-rigger, but is caught up short by the news that his father is dying. The film, for which Rafelson came up with the story, is subtle and thoughtful, with something of Chekhov to it. And it brought out a vulnerability in Nicholson that feels, in retrospect, like a revelation.
Five Easy Pieces was nominated for four Oscars, including Best Actor for Nicholson, and best picture and screenplay for Rafelson. And it served as a model for the sort of independent, introspective films these two men would specialize in — six in all, including a remake of The Postman Always Rings Twice, based on the noir novel by James M. Caine. In Postman, Rafelson teamed his leading man with Jessica Lange, who was having trouble getting substantial roles after her debut in the remake of King Kong. Also on the set was a young first-time screenwriter named David Mamet.
Though the film was reasonably well received, Rafelson's career, by that time, was mostly in the rear-view mirror. Postman was the last film he produced, and though he continued writing and directing for two more decades, none of his later projects connected with audiences as his early work had.
Still, as a nurturer of indie talent, and a producer who turned the actors and writers he worked with into stars, his influence has long outlived his presence on Hollywood backlots.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.apr.org/2022-07-24/bob-rafelson-five-easy-pieces-director-and-the-monkees-co-creator-has-died | 2022-07-25T20:45:15Z | https://www.apr.org/2022-07-24/bob-rafelson-five-easy-pieces-director-and-the-monkees-co-creator-has-died | true |
BATON ROUGE, La. — Raising Cane's is hoping to win a jackpot for its workers.
Raising Cane’s founder Todd Graves announced Monday he has purchased 50,000 Mega Millions lottery tickets.
Raising Cane's said if any of the 50,000 tickets is the lucky number, each of its employees would win thousands based on current calculations.
The Mega Millions jackpot prize reached an estimated $810 million Monday morning, after 28 consecutive drawings without a winner.
RELATED: Mega Millions jackpot goes up again
The Tuesday-night jackpot is the third largest jackpot prize in the game's history and only two billion-dollar jackpots have ever been higher for Mega Millions.
The jackpot is currently the nation's fourth-largest-ever lottery prize. The world record for a jackpot remains $1.586 billion, which was a Powerball prize awarded in 2016.
"As soon as we heard how big this jackpot prize is, we couldn’t miss out on the chance to win the Mega Millions jackpot and share it with our Crew who always stand together," Graves said. "None of what we do at Cane’s would be possible without our Crew, which is why we are always looking for ways to bring them a little extra fun, and if we’re lucky, a surprise on Wednesday morning."
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Woman gets 1 year in prison for $400K GoFundMe scam
CAMDEN, N.J. (AP) — A woman who admitted her role in a scam that raised $400,000 using a fake story about a homeless man received a one-year prison sentence in federal court Thursday.
Katelyn McClure was also ordered to make restitution and serve three years’ supervised release. The 32-year-old Bordentown, New Jersey resident is scheduled to be sentenced on state charges next month and could receive more prison time.
A message was left Thursday with an attorney representing McClure.
McClure and her then-boyfriend, Mark D’Amico, fabricated the story about homeless veteran Johnny Bobbitt Jr. giving McClure $20 when she ran out of gas on a Philadelphia highway in 2017.
In truth, state and federal prosecutors said, the group had met near a Philadelphia casino in October 2017 shortly before they told their story.
They publicized the story through local and national media interviews and created a GoFundMe account that more than 14,000 people donated to, thinking the money was to help Bobbitt, according to prosecutors. Law enforcement began investigating after Bobbitt sued the couple, accusing them of not giving him the money.
The federal criminal complaint alleged all of the money raised in the campaign was spent by March 2018, with large chunks spent by McClure and D’Amico on a recreational vehicle, a BMW and trips to casinos in Las Vegas and New Jersey.
D’Amico, described as the group’s ringleader, pleaded guilty to federal charges and was sentenced in April to 27 months in prison. He was also ordered to make restitution and is scheduled for sentencing on separate state charges next month.
Bobbitt was sentenced to five years’ probation on state charges in 2019 and faces sentencing next month on federal charges.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kwch.com/2022/07/25/woman-gets-1-year-prison-400k-gofundme-scam/ | 2022-07-25T20:45:46Z | https://www.kwch.com/2022/07/25/woman-gets-1-year-prison-400k-gofundme-scam/ | false |
NPR News Bob Rafelson, 'Five Easy Pieces' director, has died at age 89 By Bob Mondello Published July 25, 2022 at 2:29 PM MDT Facebook Twitter Email Filmmaker Bob Rafelson, a key figure in the 1970s New Hollywood movement and director of Five Easy Pieces, has died at 89 from lung cancer. Copyright 2022 NPR | https://www.kunm.org/npr-news/2022-07-25/bob-rafelson-five-easy-pieces-director-has-died-at-age-89 | 2022-07-25T20:46:58Z | https://www.kunm.org/npr-news/2022-07-25/bob-rafelson-five-easy-pieces-director-has-died-at-age-89 | false |
On Sunday night at the University of Michigan Medical School's annual white coat ceremony, incoming medical students recited oaths, received their white coats – then dozens of them walked out.
At issue was the keynote speaker: Dr. Kristin Collier, a Michigan faculty member and primary care physician who has spoken publicly about her Christian beliefs and anti-abortion views.
In a video posted online, dozens of students can be seen walking out of the auditorium as Collier began her address. The video, recorded and posted by Detroit resident Brendan Scorpio, has been viewed more than 11 million times.
Incoming medical students walk out at University of Michigan’s white coat ceremony as the keynote speaker is openly anti-abortion pic.twitter.com/Is7KmVV811
— Scorpiio (@PEScorpiio) July 24, 2022
In an interview with NPR, Scorpio, who attended the ceremony to support a friend in the incoming medical student class, estimated that roughly 70 of the 170 incoming students walked out, followed by some friends and family "in solidarity."
In total, he guessed, 35 to 40% of the audience took part in the walkout.
"The overall message that the students wanted to push was that reproductive rights, abortion, is health care," Scorpio said. "Reproductive rights for anyone who is able to give birth are incredibly important and should be something that's allowed to everyone in the country."
In an emailed statement, the University of Michigan said that Collier was chosen for the keynote address through a system of nominations and voting by a medical school honor society.
"The White Coat Ceremony is not a platform for discussion of controversial issues," the school's statement said. "Dr. Collier never planned to address a divisive topic as part of her remarks. However, the University of Michigan does not revoke an invitation to a speaker based on their personal beliefs."
The university remains "committed to providing high quality, safe reproductive care for patients, across all their reproductive health needs," including abortion care, the statement said.
Collier has served on Michigan's faculty for 17 years, according to her introduction by a dean, who described her as an "enormously popular" teacher and physician. She serves as director of the medical school's Health, Spirituality and Religion program.
Collier is a frequent speaker and panelist on issues of bioethics and the role of spirituality in healthcare. On her Twitter, she has written about racism, ageism and ableism in medicine and advocated for better healthcare access for incarcerated people and residents of rural America.
But it was her anti-abortion comments that came under scrutiny by Michigan medical students.
In an interview with a Catholic newsletter published last month, Collier said that she had been raised in a non-religious household and had come to Christianity – and her current anti-abortion views – as an adult, after finishing medical school and becoming a physician.
"[H]olding on to a view of feminism where one fights for the rights of all women and girls, especially those who are most vulnerable. I can't not lament the violence directed at my prenatal sisters in the act of abortion, done in the name of autonomy," Collier wrote in the days after the publication of a draft of the Supreme Court's decision to overturn Roe v. Wade.
holding on to a view of feminism where one fights for the rights of all women and girls, especially those who are most vulnerable. I can’t not lament the violence directed at my prenatal sisters in the act of abortion, done in the name of autonomy.
— Kristin Collier (@KristinCollie20) May 4, 2022
"Liberation that costs innocent lives is just oppression that is redistributed," she concluded.
After medical school officials invited her to speak at the ceremony, students circulated a petition calling for a change of speaker, citing anti-abortion comments in her tweets and public appearances. More than 400 students, alumni and faculty have reportedly signed it.
"An anti-choice speaker as a representative of the University of Michigan undermines the University's position on abortion and supports the non-universal, theology-rooted platform to restrict abortion access," the petition's authors wrote.
Abortion is legal in Michigan, though the procedure is subject to a number of restrictions, including a post-viability ban except when the mother's life is endangered. Women seeking an abortion in Michigan are subject to an "informed consent" law and must wait 24 hours before undergoing the procedure.
In her remarks on Sunday, Collier did not expressly mention abortion. Instead, she urged incoming students to retain their humanity as they move through their medical education and career.
truly grateful for the support, emails, texts, prayers and letters I’ve received from all over the world regarding the event that will happen today. i feel so bolstered by it. and for my team that have carried me daily thru this —I love you
— Kristin Collier (@KristinCollie20) July 24, 2022
"You can easily end up seeing your patients as a bag of blood and bones, or viewing life as molecules in motion," she said. "Get to know your patients as human beings, not just as their scans, labs, chemistry and data."
Before the ceremony, apparently in response to news of the petition calling for her removal as keynote speaker, Collier wrote on Twitter that she felt "truly grateful for the support, emails, texts, prayers and letters I've received from all over the world."
"[I] feel so bolstered by it. and for my team that have carried me daily thru this —I love you," she wrote.
Collier did not respond to NPR's request for comment.
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JUNO BEACH, Fla., July 25, 2022 /PRNewswire/ -- NextEra Energy Capital Holdings, Inc. today announced that it will conduct a remarketing of its Series J Debentures due Sept. 1, 2024 (the "Debentures") (CUSIP No. 65339KBL3), which are currently outstanding in the aggregate principal amount of $1.5 billion, on Aug. 2, 2022 (and, if necessary, on the following two business days). The Debentures were originally issued as part of NextEra Energy, Inc.'s Corporate Units (CUSIP No. 65339F796) on Sept. 9, 2019 (the "Corporate Units") in conjunction with a Purchase Contract Agreement, dated as of Sept. 1, 2019 (the "Purchase Contract Agreement"). The Debentures are guaranteed by NextEra Energy Capital Holdings' parent company, NextEra Energy, Inc. (NYSE: NEE).
If the remarketing is successful, the interest rate on the Debentures will be reset to a rate that will enable the Debentures to be remarketed at a price equal to or greater than the sum of the Remarketing Treasury Portfolio Purchase Price, the Separate Debentures Purchase Price and the Remarketing Fee (as those terms are defined in the Officer's Certificate, dated Sept. 9, 2019, creating the terms of the Debentures under the Indenture, dated as of June 1, 1999, as amended). The reset interest rate and the subsequent interest payment dates will be established on the date of the successful remarketing and become effective on the third business day following the date of such successful remarketing. The Remarketing Fee will not exceed 0.25% of the sum of the Remarketing Treasury Portfolio Purchase Price plus the Separate Debentures Purchase Price.
Upon a successful remarketing, the proceeds of the remarketing of the Debentures that are components of the Corporate Units will be used to purchase a portfolio of U.S. Treasury securities (or principal or interest strips thereof), or if U.S. Treasury securities (or principal or interest strips thereof) that are to be included in such portfolio have a yield that is less than zero, then, at NextEra Energy Capital Holdings' option, such portfolio will consist of an amount in cash equal to the aggregate principal amount at maturity of the applicable U.S. Treasury securities (or principal or interest strips thereof), which will be substituted for the Debentures and pledged to secure the obligation of the holders of the Corporate Units to purchase NextEra Energy common stock on Sept. 1, 2022, pursuant to the Purchase Contract Agreement. The proceeds from the remarketing of any Debentures that are not a component of Corporate Units and whose holders elect to include some or all of those Debentures in the remarketing will be paid to such holders.
Barclays Capital Inc., Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC are the remarketing agents.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities to which this communication relates in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before a prospective purchaser invests in the Debentures, such person should read the prospectus in that registration statement and the related prospectus supplement to be filed with the SEC and other documents the issuer has filed with the SEC for more complete information about the issuer and the offering to which this communication relates. A prospective purchaser may get these documents when available for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer or the remarketing agents will arrange to send a prospective purchaser the prospectus and the related prospectus supplement if such person request it by calling Barclays Capital Inc. toll free at (888) 603-5847, Goldman Sachs & Co. LLC toll-free at (866) 471-2526 and Credit Suisse Securities (USA) LLC toll-free at (800) 221-1037.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is America's largest electric utility that sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.8 million customer accounts, or more than 12 million people across Florida. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire and Wisconsin. NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry on Fortune's 2022 list of "World's Most Admired Companies," recognized on Fortune's 2021 list of companies that "Change the World" and received the S&P Global Platts 2020 Energy Transition Award for leadership in environmental, social and governance. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.
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The World Health Organization has declared monkeypox a public health emergency of global concern. Here's what that means and where the U.S. stands in terms of treatments and vaccines.
Copyright 2022 NPR
The World Health Organization has declared monkeypox a public health emergency of global concern. Here's what that means and where the U.S. stands in terms of treatments and vaccines.
Copyright 2022 NPR | https://www.knau.org/2022-07-25/the-who-declares-monkeypox-a-public-health-emergency-as-cases-pass-16-000-worldwide | 2022-07-25T20:52:16Z | https://www.knau.org/2022-07-25/the-who-declares-monkeypox-a-public-health-emergency-as-cases-pass-16-000-worldwide | false |
- GAAP net loss margin of (7.3)% and GAAP loss per diluted share of $(6.62) impacted by non-recurring charges of $747 million, largely driven by loss from sale of Russia business and EMEA asset impairment
- Delivered ongoing (non-GAAP) EBIT margin(2) of 9.0% and ongoing (non-GAAP) earnings per diluted share(1) of $5.97, despite elevated cost inflation and demand slowdown
- North America region delivered strong results with EBIT(3) margin of 14.1% led by previously executed cost-based price increases offset by lower volumes and elevated cost inflation
- Returned ~$400 million in repurchases and dividends in the quarter, on track with commitment to return over $1.5 billion to shareholders in the year
- Progressed EMEA strategic review and global portfolio transformation with the agreement to sell the Whirlpool Russia business
- Revised full-year 2022 guidance to $9.50 to $11.50 earnings per diluted share on a GAAP basis and $22.00 to $24.00 on an ongoing basis(2), cash provided by operating activities of $1.85 billion and free cash flow(4) of $1.25 billion
BENTON HARBOR, Mich., July 25, 2022 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR), committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home, today reported second quarter 2022 financial results.
KEY RESULTS
CASH FLOW
QUARTERLY HIGHLIGHTS
- Net sales decline of (4.3)%, or (2.3)% excluding currency, impacted by supply chain disruptions and demand slowdown, partially offset by favorable product price/mix
- Go-to-market actions delivered 675 basis points of price/mix with previously announced cost-based pricing actions fully in place across the globe
REGIONAL REVIEW
- Industry volumes down 6 percent year over year, largely offset by execution of cost-based pricing actions
- EBIT margin(3) of 14.1 percent, compared to 18.3 percent in the same prior-year period, despite cost inflation increases peaking
- Demand negatively impacted by war in Ukraine; revenue decline, excluding currency, of 10.3 percent
- EBIT margin(3) of 0.2 percent, compared to 2.5 percent in the same prior-year period, impacted by lower volumes and cost inflation, partially offset by cost-based pricing actions
- Revenue growth driven by cost-based price increases, fully offsetting industry decline
- EBIT margin(3) of 7.2 percent, compared to 9.7 percent in the same prior-year period, impacted by cost inflation partially offset by cost-based pricing actions
- Revenue increase driven by strong volume growth compared to prior year's Covid-related shutdowns in India
- EBIT margin(3) of 6.8 percent, compared to 1.7 percent in the same prior-year period, driven by top-line growth and cost-based pricing actions, fully offsetting inflation
FULL-YEAR 2022 OUTLOOK
- Expect full-year 2022 revenues of approximately $20.7 billion (down approximately 6 percent)
- Reduced earnings per diluted share from $24.00 to $26.00 to $9.50 to $11.50 on a GAAP basis and $22.00 to $24.00 on an ongoing basis(2)
- Reduced cash provided by operating activities to $1.85 billion from $1.95 billion; free cash flow(4) of $1.25 billion remains unchanged
- Updated GAAP and adjusted tax rate (non-GAAP) from 24 to 26 percent to a GAAP tax rate of 34 to 36 percent and an adjusted tax rate (non-GAAP) of 21 to 23 percent
ABOUT WHIRLPOOL CORPORATION
Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home. In an increasingly digital world, the company is driving purposeful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit and Yummly. In 2021, the company reported approximately $22 billion in annual sales, 69,000 employees and 54 manufacturing and technology research centers. Additional information about the company can be found at WhirlpoolCorp.com.
WEBSITE DISCLOSURE
We routinely post important information for investors on our website, WhirlpoolCorp.com, in the "Investors" section. We also intend to update the "Hot Topics Q&A" portion of this webpage as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the "Investors" section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our webpage is not incorporated by reference into, and is not a part of, this document.
WHIRLPOOL ADDITIONAL INFORMATION
This document contains forward-looking statements about Whirlpool Corporation and its consolidated subsidiaries ("Whirlpool") that speak only as of this date. Whirlpool disclaims any obligation to update these statements. Forward-looking statements in this document may include, but are not limited to, statements regarding future financial results, long-term value creation goals, portfolio transformation, restructuring and repurchase expectations, productivity, direct-to-consumer sales growth, raw material prices and the impact of COVID-19 and the Russia/Ukraine conflict on our operations. Such statements can be identified by the use of terminology such as "may," "could," "will," "should," "possible," "plan," "predict," "forecast," "potential," "anticipate," "estimate," "expect," "project," "intend," "believe," "may impact," "on track," and similar words or expressions. Many risks, contingencies and uncertainties could cause actual results to differ materially from Whirlpool's forward-looking statements. Among these factors are: (1) the ongoing Russian invasion of Ukraine and related conflict and sanctions; (2) COVID-19 pandemic-related business disruptions and economic uncertainty; (3) intense competition in the home appliance industry reflecting the impact of both new and established global competitors, including Asian and European manufacturers, and the impact of the changing retail environment, including direct-to-consumer sales; (4) Whirlpool's ability to maintain or increase sales to significant trade customers and the ability of these trade customers to maintain or increase market share; (5) Whirlpool's ability to maintain its reputation and brand image; (6) the ability of Whirlpool to achieve its business objectives and leverage its global operating platform, and accelerate the rate of innovation; (7) Whirlpool's ability to understand consumer preferences and successfully develop new products; (8) Whirlpool's ability to obtain and protect intellectual property rights; (9) acquisition, divestiture and investment-related risks, including risks associated with our past acquisitions; (10) Whirlpool's ability to navigate risks associated with our presence in emerging markets; (11) risks related to our international operations, including changes in foreign regulations; (12) Whirlpool's ability to respond to unanticipated social, political and/or economic events; (13) information technology system failures, data security breaches, data privacy compliance, network disruptions, and cybersecurity attacks; (14) product liability and product recall costs; (15) the ability of suppliers of critical parts, components and manufacturing equipment to deliver sufficient quantities to Whirlpool in a timely and cost-effective manner; (16) our ability to attract, develop and retain executives and other qualified employees; (17) the impact of labor relations; (18) fluctuations in the cost of key materials (including steel, resins, copper and aluminum) and components and the ability of Whirlpool to offset cost increases; (19) Whirlpool's ability to manage foreign currency fluctuations; (20) impacts from goodwill impairment and related charges; (21) triggering events or circumstances impacting the carrying value of our long-lived assets; (22) inventory and other asset risk; (23) health care cost trends, regulatory changes and variations between results and estimates that could increase future funding obligations for pension and postretirement benefit plans; (24) litigation, tax, and legal compliance risk and costs, especially if materially different from the amount we expect to incur or have accrued for, and any disruptions caused by the same; (25) the effects and costs of governmental investigations or related actions by third parties; (26) changes in the legal and regulatory environment including environmental, health and safety regulations, and taxes and tariffs; (27) Whirlpool's ability to respond to the impact of climate change and climate change regulation; and (28) the uncertain global economy and changes in economic conditions which affect demand for our products. Additional information concerning these and other factors can be found in Whirlpool's filings with the Securities and Exchange Commission, including the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. Price increases and/or actions referred to throughout the document reflect previously announced cost-based price increases.
SUPPLEMENTAL INFORMATION - CONSOLIDATED FINANCIAL STATEMENTS RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Millions of dollars except per share data)
(Unaudited)
We supplement the reporting of our financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial measures, some of which we refer to as "ongoing" measures, including earnings before interest and taxes (EBIT), EBIT margin, ongoing EBIT, ongoing EBIT margin, ongoing earnings per diluted share, adjusted effective tax rate, sales excluding currency and free cash flow. Ongoing measures exclude items that may not be indicative of, or are unrelated to, results from our ongoing operations and provide a better baseline for analyzing trends in our underlying businesses. Sales excluding foreign currency is calculated by translating the current period net sales, in functional currency, to U.S. dollars using the prior-year period's exchange rate compared to the prior-year period net sales. Management believes that sales excluding foreign currency provides stockholders with a clearer basis to assess our results over time, excluding the impact of exchange rate fluctuations. Management believes that adjusted tax rate provides investors with a meaningful, consistent comparison of the Company's effective tax rate, excluding the pre-tax income and tax effect of certain unique items. Management believes that free cash flow and adjusted free cash flow provides investors and stockholders with a relevant measure of liquidity and a useful basis for assessing the company's ability to fund its activities and obligations. The Company provides free cash flow related metrics, such as adjusted free cash flow as a percentage of net sales, as long-term management goals, not an element of its annual financial guidance, and as such does not provide a reconciliation of adjusted free cash flow to cash provided by (used in) operating activities, the most directly comparable GAAP measure, for these long-term goal metrics. Whirlpool does not provide a non-GAAP reconciliation for its forward-looking long-term value creation goals, such as organic net sales, EBIT, free cash flow conversion, ROIC and gross debt/EBITDA, as these long-term management goals are not annual guidance, and the reconciliation of these long-term measures would rely on market factors and certain other conditions and assumptions that are outside of the company's control. We believe that these non-GAAP measures provide meaningful information to assist investors and stockholders in understanding our financial results and assessing our prospects for future performance, and reflect an additional way of viewing aspects of our operations that, when viewed with our GAAP financial measures, provide a more complete understanding of our business. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. These ongoing financial measures should not be considered in isolation or as a substitute for reported net earnings available to Whirlpool per diluted share, net earnings, net earnings available to Whirlpool, net earnings margin, net sales, effective tax rate and cash provided by (used in) operating activities, the most directly comparable GAAP financial measures. We also disclose segment EBIT an important financial metric used by the Company's Chief Operating Decision Maker to evaluate performance and allocate resources in accordance with ASC 280 - Segment Reporting. GAAP net earnings available to Whirlpool per diluted share and ongoing earnings per diluted share are presented net of tax, while individual adjustments in each reconciliation are presented on a pre-tax basis; the income tax impact line item aggregates the tax impact for these adjustments. The tax impact of individual line item adjustments may not foot precisely to the aggregate income tax impact amount, as each line item adjustment may include non-taxable components. Historical quarterly earnings per share amounts are presented based on a normalized tax rate adjustment to reconcile quarterly tax rates to full-year tax rate expectations. We strongly encourage investors and stockholders to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.
SECOND-QUARTER 2022 ONGOING EARNINGS BEFORE INTEREST AND TAXES AND ONGOING EARNINGS PER DILUTED SHARE
The reconciliation provided below reconciles the non-GAAP financial measures ongoing earnings before interest and taxes and ongoing earnings per diluted share, with the most directly comparable GAAP financial measures, net earnings (loss) available to Whirlpool and net earnings (loss) per diluted share available to Whirlpool, for the three months ended June 30, 2022. Net earnings (loss) margin is calculated by dividing net earnings (loss) available to Whirlpool by net sales. Ongoing EBIT margin is calculated by dividing ongoing EBIT by net sales. EBIT margin is calculated by dividing EBIT by net sales. The earnings per diluted share GAAP measure and ongoing measure are presented net of tax, while each adjustment is presented on a pre-tax basis. Our second-quarter GAAP tax rate was (11.1)%. The aggregate income tax impact of the taxable components of each adjustment is presented in the income tax impact line item at our second-quarter adjusted tax rate (non-GAAP) of 18.8%.
*As a result of our current period GAAP earnings loss, the impact of antidilutive shares was excluded from the loss per share calculation on a GAAP basis. The share count adjustment used in the calculation of the second-quarter ongoing earnings per diluted share includes basic shares outstanding of 56.0 million plus the impact of antidilutive shares of 0.3 million which were excluded on a GAAP basis.
SECOND-QUARTER 2021 ONGOING EARNINGS BEFORE INTEREST AND TAXES AND ONGOING EARNINGS PER DILUTED SHARE
The reconciliation provided below reconciles the non-GAAP financial measures ongoing earnings before interest and taxes and ongoing earnings per diluted share, with the most directly comparable GAAP financial measures, net earnings available to Whirlpool and net earnings per diluted share available to Whirlpool, for the three months ended June 30, 2021. Net earnings margin is calculated by dividing net earnings available to Whirlpool by net sales. Ongoing EBIT margin is calculated by dividing ongoing EBIT by net sales. EBIT margin is calculated by dividing EBIT by net sales. The earnings per diluted share GAAP measure and ongoing measure are presented net of tax, while each adjustment is presented on a pre-tax basis. Our second-quarter GAAP tax rate was 13.9%. The aggregate income tax impact of the taxable components of each adjustment is presented in the income tax impact line item at our second-quarter adjusted tax rate (non-GAAP) of 25.0%.
FULL-YEAR 2022 OUTLOOK FOR ONGOING EARNINGS BEFORE INTEREST AND TAXES AND ONGOING EARNINGS PER DILUTED SHARE
The reconciliation provided below reconciles the non-GAAP financial measures ongoing earnings before interest and taxes and ongoing earnings per diluted share, with the most directly comparable GAAP financial measures, net earnings available to Whirlpool and net earnings per diluted share available to Whirlpool, for the twelve months ending December 31, 2022. Ongoing EBIT margin is calculated by dividing ongoing EBIT by net sales. EBIT margin is calculated by dividing EBIT by net sales. The earnings per diluted share GAAP measure and ongoing measure are presented net of tax, while each adjustment is presented on a pre-tax basis. Our anticipated full-year GAAP tax rate is 34.0% to 36.0%. The aggregate income tax impact of the taxable components of each adjustment is presented in the income tax impact line item at our anticipated full-year adjusted tax (non-GAAP) rate between 21.0% and 23.0%.
*Earnings Before Interest & Taxes (EBIT) is a non-GAAP measure. The Company does not provide a forward-looking quantitative reconciliation of EBIT to the most directly comparable GAAP financial measure, net earnings available to Whirlpool, because the net earnings available to noncontrolling interests item of such reconciliation -- which has historically represented a relatively insignificant amount of the Company's overall net earnings -- implicates the Company's projections regarding the earnings of the Company's non wholly-owned subsidiaries and joint ventures that cannot be quantified precisely or without unreasonable efforts.
FREE CASH FLOW
Free cash flow is cash provided by (used in) operating activities after capital expenditures. The reconciliation provided below reconciles six months ended June 30, 2022 and 2021 and 2022 full-year free cash flow with cash provided by (used in) operating activities, the most directly comparable GAAP financial measure. Free cash flow as a percentage of net sales is calculated by dividing free cash flow by net sales.
Throughout 2021 and comparable periods, the Company defined adjusted free cash flow as cash provided by (used in) operating activities less capital expenditures and including proceeds from the sale of assets/businesses, and changes in restricted cash. Starting in 2022, the Company presents free cash flow which is cash provided by (used in) operating activities less capital expenditures. Adjusted free cash flow of $769 million for the second quarter of 2021 has been restated to $462 million free cash flow measure to conform with current year presentation.
*Financial guidance on a GAAP basis for cash provided by (used in) financing activities and cash provided by (used in) investing activities has not been provided because in order to prepare any such estimate or projection, the Company would need to rely on market factors and certain other conditions and assumptions that are outside of its control.
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KANSAS CITY, Mo., July 25, 2022 /PRNewswire/ -- Custom Truck One Source, Inc. ("Custom Truck One Source" or the "Company") (NYSE: CTOS) today announced it will release second quarter 2022 financial results after the market close on Tuesday, August 9, 2022.
Management will discuss the results on a conference call at 5:00 p.m. EDT on Tuesday, August 9, 2022. The webcast and a presentation of financial information will be publicly available at investors.customtruck.com. To listen by phone, please dial 1-855-327-6837 or 1-631-891-4304. A replay of the call will be available until midnight EDT, Tuesday, August 16, 2022, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 10019703.
ABOUT CUSTOM ONE TRUCK ONE SOURCE
Custom Truck One Source is a leading provider of specialized truck and heavy equipment solutions to the utility, telecommunications, rail and infrastructure markets in North America. The Company's solutions include rentals, sales, aftermarket parts, tools, accessories and service, equipment production, manufacturing, financing solutions, and asset disposal. With vast equipment breadth, the Company's team of experts service its customers across an integrated network of locations across North America. For more information, please visit customtruck.com.
INVESTOR CONTACT
Brian Perman, Vice President, Investor Relations
844-403-6138
investors@customtruck.com
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SOURCE Custom Truck One Source, Inc. | https://www.wagmtv.com/prnewswire/2022/07/25/custom-truck-one-source-announce-second-quarter-2022-financial-results/ | 2022-07-25T20:57:03Z | https://www.wagmtv.com/prnewswire/2022/07/25/custom-truck-one-source-announce-second-quarter-2022-financial-results/ | true |
CALGARY, AB, July 25, 2022 /PRNewswire/ - Gibson Energy Inc. announced today that Ms. Diane Kazarian joined the Company's Board of Directors effective today.
"We are pleased to have Diane join Gibson's Board of Directors," said James Estey, Chair of Gibson. "In order to ensure our continued comprehensive oversight of the Company, including its financial reporting, risk management, regulatory compliance and corporate governance, the Board remains committed to having access to the right skillsets and a broad range of expertise, and perspectives. Diane brings over 30 years' experience interacting with boards of directors, including audit and risk committees, and regulators in both Canada and the U.S. In joining the Board, Diane also brings a track-record of advancing diversity and inclusion as well as being an active member in the community through her numerous not-for-profit endeavors."
Prior to joining Gibson, Ms. Kazarian was the first female Managing Partner of the Greater Toronto Area at PwC and a member of the Leadership Team at PwC. Reporting directly to the Chief Executive Officer, Ms. Kazarian led PwC's largest market in Canada and managed a team of approximately 300 partners and 4,000 individuals. Prior to, Ms. Kazarian was an Audit Partner and Adviser for over 25 years, including the roles of National Financial Service Leader, National Banking and Capital Markets Leader, and National IFRS Leader.
Ms. Kazarian holds a Bachelor of Science in Business Administration, Accounting Major, from Bryant University and is a Fellow of Chartered Professional Accountants of the Ontario Institute of Chartered Accountants. Ms. Kazarian is also a member of the board of Choice Properties Real Estate Investment Trust, chair of the board of St. Joseph's Health Centre Foundation and a member of the board of Unity Health Toronto. Ms. Kazarian also sits on the boards of Bryant University, Appleby College Foundation and Kingsway College School.
As part of joining Gibson's Board of Directors, Ms. Kazarian will also serve on the Audit Committee.
Gibson Energy Inc. ("Gibson" or the "Company") (TSX: GEI), is a Canadian-based liquids infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products. Headquartered in Calgary, Alberta, the Company's operations are focused around its core terminal assets located at Hardisty and Edmonton, Alberta, and include the Moose Jaw Facility and an infrastructure position in the U.S.
Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com.
For further information, please contact:
Mark Chyc-Cies
Vice President, Strategy, Planning & Investor Relations
Phone: (403) 776-3146
Email: mark.chyc-cies@gibsonenergy.com
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SOURCE Gibson Energy Inc. | https://www.wagmtv.com/prnewswire/2022/07/25/gibson-energy-announces-addition-ms-diane-kazarian-companys-board-directors/ | 2022-07-25T21:07:22Z | https://www.wagmtv.com/prnewswire/2022/07/25/gibson-energy-announces-addition-ms-diane-kazarian-companys-board-directors/ | true |
ATLANTA, July 25, 2022 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR) will announce its second quarter 2022 results Thursday, August 4, 2022 after market close. A conference call and audio webcast to review second quarter 2022 results will be held on Friday, August 5, 2022, at 9:00 a.m. ET. Scheduled to speak are John Anzalone, Chief Executive Officer; Lee Phegley, Chief Financial Officer; Brian Norris, Chief Investment Officer; Kevin Collins, President; and David Lyle, Chief Operating Officer.
A presentation will be available on the Company's Web site at www.invescomortgagecapital.com prior to the call.
An audio replay will be available until August 19, 2022 by calling:
888-566-0495 (North America) or 1-203-369-3054 (International).
Invesco Mortgage Capital Inc. is a real estate investment trust that primarily focuses on investing in, financing and managing mortgage-backed securities and other mortgage-related assets. Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Advisers, Inc., a registered investment adviser and an indirect, wholly-owned subsidiary of Invesco Ltd., a leading independent global investment management firm. Additional information is available at www.invescomortgagecapital.com.
Investor Relations Contact: Jack Bateman, 404-439-3323
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SOURCE Invesco Mortgage Capital Inc. | https://www.wagmtv.com/prnewswire/2022/07/25/invesco-mortgage-capital-inc-announce-second-quarter-2022-results/ | 2022-07-25T21:09:02Z | https://www.wagmtv.com/prnewswire/2022/07/25/invesco-mortgage-capital-inc-announce-second-quarter-2022-results/ | true |
The Orlando Sentinel Editorial Board interviews Sean Cooper, Jacqueline Kelley Davis, James Evans, Eric Monte, candidates for Seminole County School Board District 2.
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Seminole County School Board District 2: Sean Cooper, Kelley Davis, James Evans, Eric Monte
Advertisement | https://www.orlandosentinel.com/opinion/editorial-board-interviews/os-op-seminole-school-board-cooper-kelley-davis-james-20220725-aytuheyvxngbzcw56k3rhojke4-story.html | 2022-07-25T21:10:16Z | https://www.orlandosentinel.com/opinion/editorial-board-interviews/os-op-seminole-school-board-cooper-kelley-davis-james-20220725-aytuheyvxngbzcw56k3rhojke4-story.html | false |
Physically challenged runners find fulfillment at S.F. Marathon
By SHAWN CHITNIS
Click here for updates on this story
SAN FRANCISCO, California (KPIX) — Among the thousands who finished the 45th annual San Francisco Marathon on Sunday was a team of runners brought together by adversity.
“We just accomplished something big. I’m just incredibly proud of all of us,” Ashley Zirkle said Sunday after completing the marathon.
Zirkle could not compete in another marathon after donating a kidney to a stranger she connected with during the pandemic. She wanted to make a difference in someone else’s life and be a positive presence during such a difficult time.
“You gain someone who becomes your own support system as well,” she told KPIX.
Zirkle traveled from Seattle to run as a member of the Degree Not Done Yet team. “Life is not much different post donation. You can still go out and accomplish very big things.”
Sagirah Ahmed Norris, from Houston, also had to wait to return to marathon running after she was diagnosed with multiple sclerosis in 2018. She was told at that time that she would need a wheelchair and be dependent on others for five years. But a stem cell transplant and special training got her to San Francisco this weekend.
“I’m not done yet living my life, I’m not done yet being the best mom yet, I’m not done being the best wife I can be,” Ahmed Norris said. “What makes you keep moving, what makes you keep going, what makes you not done yet no matter the challenges you’ve had.”
Her best friend served as a guide for her throughout the race.
Michael Zampella was the third member of the team sponsored by the deodorant Degree. He suffers from a degenerative eye disease and had to leave a career in education after losing his vision. Another injury kept him from finishing his first marathon in another city but he was among the finishers in San Francisco Sunday along with Zirkle and Ahmed Norris.
“If they can do it, I can do it. What am I holding myself back from not achieving?” Desi Okeoke, U.S. director of Degree asked.
All three plan to keep going with new goals and to inspire others to realize they too are “Not Done Yet” with whatever struggles life may present.
“No matter the challenge, you can break down that barrier, knock down that obstacle,” Zirkle said.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://kion546.com/news/2022/07/25/physically-challenged-runners-find-fulfillment-at-s-f-marathon/ | 2022-07-25T21:10:29Z | https://kion546.com/news/2022/07/25/physically-challenged-runners-find-fulfillment-at-s-f-marathon/ | true |
Stocks fall with dollar while oil rises; earnings and Fed meeting are in focus
By Sinéad Carew
NEW YORK, July 25 (Reuters) - U.S. equities were choppy on Monday with the Nasdaq leading declines ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike.
In currencies, the dollar index, which touched a 20-year high earlier this month, was down slightly and gold also slipped.
Janet Yellen, the U.S. Treasury Secretary, had said on Sunday that while U.S. economic growth was slowing, a recession was not inevitable.
Treasury yields edged slightly higher as investors awaited the Federal Reserve's likely 75-basis-point interest rate increase later this week amid growing concerns about an economic slowdown and the potential for recession.
Also giving investors pause was the wait for earnings in big companies such as Apple, Microsoft and Amazon.com, as well as second-quarter GDP data.
"Right now we're just in a holding pattern waiting for all those developments to play out," said Michael O´Rourke, chief market strategist at JonesTrading in Stamford, Connecticut.
"People are probably just taking some risk off ahead of the earnings. We've seen interest rates rise a little too so that's helping some of the value names like banks."
The Dow Jones Industrial Average fell 17.86 points, or 0.06%, to 31,881.43, the S&P 500 lost 7.65 points, or 0.19%, to 3,953.98 and the Nasdaq Composite dropped 82.71 points, or 0.7%, to 11,751.40.
Earlier, a widely watched survey showed German business morale falling more than expected in July as high energy prices and looming gas shortages push Europe's largest economy towards a recession.
But the pan-European STOXX 600 index finished up 0.13%, while MSCI's gauge of stocks across the globe shed 0.18%.
The German data had weighed on investor moods in Europe along with a slew of downbeat earnings and a survey over the weekend that showed some industrial companies in Germany cutting production in reaction to soaring energy prices.
Meanwhile in treasuries, the gap between yields on two- and 10-year Treasury notes, seen as a recessionary indicator when the short-end yield is higher than the long end, has been inverted for more than two weeks.
"This is the first meaningful yield curve inversion we've had since 2006 for any period of time," said David Petrosinelli, senior trader at InspereX, adding that this fed into a generally accepted narrative of a slowdown at the very least.
Benchmark 10-year notes last fell 9/32 in price to yield 2.8123%, from 2.781% late on Friday. The 2-year note last fell 3/32 in price to yield 3.035%, from 2.991%.
In currencies, the dollar index, which measures the greenback against a group of major currencies, fell 0.244%, with the euro up 0.13% to $1.0223.
The Japanese yen weakened 0.39% versus the greenback at 136.59 per dollar, while sterling was last trading at $1.2054, up 0.43% on the day.
"Pre-Fed caution is keeping the dollar off its highs. The market is going to be eager to see if the run of softer data has in any way changed the Fed´s hawkish rate path," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington, DC.
"The economy continues to show pretty solid underlying momentum but at the same time, high inflation, rising interest rates, they are certainly having an impact on the economy."
Oil prices rose on Monday, bolstered by a slightly weaker U.S. dollar while investors seesawed between supply fears and bets rising U.S. interest rates could weaken demand.
U.S. crude last rose 1.9% to $96.45 per barrel and Brent was at $104.98, up 1.7% on the day.
Spot gold dropped 0.5% to $1,718.72 an ounce as investors positioned themselves ahead of the Fed meeting.
Bitcoin last fell 3.1% to $21,885.31.
(Additional reporting by Herbert Lash and Chuck Mikolajczak in New York, Tommy Wilkes in London, Kevin Buckland in Tokyo, Lucy Raitano in London, editing by Mark Heinrich and Marguerita Choy) | https://www.dailymail.co.uk/wires/reuters/article-11047457/Stocks-fall-dollar-oil-rises-earnings-Fed-meeting-focus.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-25T21:11:27Z | https://www.dailymail.co.uk/wires/reuters/article-11047457/Stocks-fall-dollar-oil-rises-earnings-Fed-meeting-focus.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
ENGLEWOOD, N.J., July 25, 2022 /PRNewswire/ -- 20 Grand kicked off highly anticipated leasing efforts this week. Premier Developers has announced their exclusive partnership with CJ Dalton for the leasing and marketing of the 96 upscale rentals in downtown Englewood, NJ.
Featuring high-end, hotel-inspired amenities, the 5-story 20 Grand anticipates opening its doors to residents in late August 2022. Homes are available in contemporary studio, 1-bedroom, 1-bedroom + home office, 2-bedroom and 2-bedroom + home office layouts. Amenities include a lush courtyard sanctuary with pool, on-site garage parking, state-of-the-art fitness center, sauna, yoga studio and an entertaining lounge with billiards table.
The property's expansive roof deck offers 360 degree views and includes a dining terrace, intimate seating areas and grilling stations. 20 Grand also features two commercial retail suites bringing new businesses to downtown Englewood.
"This project is dear to me, It has been meticulously designed by myself and Vanessa DeLeon. Both of us are long-time residents of Bergen County. I am excited for people to experience the Premier lifestyle in the heart of Englewood!," said Peter Tiflinsky, Owner of Englewood Cliffs-based Premier Developers. "We're eagerly looking forward to the opening of 20 Grand to our residents."
CJ Dalton's broker, Taryn Byron, will be handling all leasing and marketing efforts for 20 Grand. Taryn is a highly experienced broker, with seventeen years' experience.
"The CJ Dalton team understands luxury real estate like no other, making them a natural fit for 20 Grand," said Mr. Tiflinsky. "Taryn is an exceptionally talented broker, and we're pleased to be working with the CJ Dalton team."
Situated in the heart of historic downtown Englewood in Bergen County, NJ, 20 Grand's unique location on New Jersey's Gold Coast showcases a philosophy of exceptional design that integrates stylish good looks, spatial harmony and a wealth of practical solutions for everyday living. Designed by architectural firm CPA Architecture, 20 Grand offers a sophisticated, holistic design vision with a passion for individuality and carefully considered detail.
20 Grand features a collection of studio to 2 plus-bedroom residences ranging from 531 to 1,381 square-feet. The elegant homes are priced from $2,445 per month and are available for occupancy in late August.
Interior spaces and 20 Grand's model home curated by award winning design firm, Vanessa Deleon Associates, feature expansive kitchens with stainless steel appliances, upscale fixtures, and stunning details. Bedroom suites offer residents a place to rest and relax, with ample closet space. Spa-inspired bathrooms include custom floating vanities incorporating organic wood tones and walk-in showers are adorned with sleek rain showerhead fixtures. All homes feature cutting-edge technology including keyless entry, in-home full sized laundry centers and multi-zone climate control. The building includes a door attendant and secure parking facility.
20 Grand's Englewood location has long attracted those commuting to New York City for business and pleasure who appreciate its proximity to the George Washington Bridge and access to major highways. The vibrant downtown of Englewood is illuminated by a diverse dining and shopping scene. An abundant offering of dining, shopping and nightlife pursuits are just minutes away in Fort Lee, Edgewater and Paramus. 20 Grand is located at 20 Grand Avenue in Englewood.
More information about 20 Grand can be found at: https://live20grand.com/
Premier Developers is based out of Englewood Cliffs, NJ. For over 20 years, Peter Tiflinsky and Premier Developers have built more than just a quality home, they build a lifestyle. With projects ranging in size and scale, Premier Developers retains strong focus on customer satisfaction and quality of craftsmanship. Those traits have distinguished Premier Developers as one of the leading development firms in the New Jersey area. You can truly feel the difference a Premier home brings to the community through attention to detail, the latest trends and quality and undivided attention to their future resident's lifestyles.
CJ Dalton is a full service luxury real estate brokerage headquartered in Englewood, New Jersey. Founded in 2020 by veteran broker Taryn Byron, the firm's team of real estate experts specialize in advising high net worth individuals in the Bergen and Hudson counties. Unlike the traditional agent-centric real estate model, the client is at the center of CJ Dalton's collaborative, advisory approach.
Hyper-focusing on the nuanced layers and specialized aspects of sales, leasing, marketing, and research, allows CJD to be dynamic and creative while bringing unprecedented value. Their goal is to ensure transparency and accountability every step of the way in order to achieve superior results.
Media Inquiries: (201)633-7600, info@cjdalton.com
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SOURCE CJ Dalton | https://www.wcjb.com/prnewswire/2022/07/25/20-grand-kicks-off-highly-anticipated-leasing-efforts/ | 2022-07-25T21:11:35Z | https://www.wcjb.com/prnewswire/2022/07/25/20-grand-kicks-off-highly-anticipated-leasing-efforts/ | false |
ROCHESTER, N.H. (AP) _ Albany International Corp. (AIN) on Monday reported second-quarter net income of $39.2 million.
The Rochester, New Hampshire-based company said it had profit of $1.25 per share. Earnings, adjusted for one-time gains and costs, came to $1.06 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The textile and composite maker posted revenue of $261.4 million in the period.
Albany International expects full-year earnings in the range of $3.30 to $3.60 per share, with revenue in the range of $970 million to $1.01 billion.
Albany International shares have declined 7% since the beginning of the year. In the final minutes of trading on Monday, shares hit $82.21, a rise of roughly 1% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIN at https://www.zacks.com/ap/AIN | https://www.mrt.com/business/article/Albany-International-Q2-Earnings-Snapshot-17328035.php | 2022-07-25T21:11:45Z | https://www.mrt.com/business/article/Albany-International-Q2-Earnings-Snapshot-17328035.php | true |
Goalkeeper of Ghana’s Black Galaxies, Danlad Ibrahim says the team must execute every strategy necessary to secure qualification to the 2023 CHAN tournament.
Speaking to Sunyani-based Service Radio, the Asante Kotoko shot-stopper said he looks forward to the clash against Nigeria in the final phase of the qualifiers for the tournament,
“Ghana and Benin, who qualifies will meet Nigeria when you play this kind of games, it doesn't necessarily mean you have to win but the most important thing is to qualify, so we have to execute every strategy to qualify,” Danlad Ibrahim indicated.
The Asante Kotoko goalkeeper was in post for the Black Galaxies on Sunday when the team defeated Benin 3-0 in the first leg of the scheduled two-legged encounter.
Despite the big advantage ahead of the reverse fixture, Danlad Ibrahim insists there is still work to be done.
“Even though we are leading by 3-0, but in football, everything can happen, we are not yet done, we have to work hard in Benin and get the qualification,” the goalkeeper noted. | https://mobile.ghanaweb.com/GhanaHomePage/SportsArchive/We-have-to-execute-every-strategy-to-qualify-for-2023-CHAN-Black-Galaxies-goalie-1589810 | 2022-07-25T21:12:35Z | https://mobile.ghanaweb.com/GhanaHomePage/SportsArchive/We-have-to-execute-every-strategy-to-qualify-for-2023-CHAN-Black-Galaxies-goalie-1589810 | true |
TOLEDO, Ohio, July 25, 2022 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) today announced it will release second quarter 2022 financial results after the close of trading on the New York Stock Exchange on Tuesday, August 9, 2022. The Company will host a conference call and webcast on Wednesday, August 10, 2022, at 9:00 a.m. Eastern Time to discuss these results. The Company's earnings release will be available in the Investors section of the Company's website.
Investors and other interested parties may access the conference call in the following ways:
- At the Company's website: www.welltower.com.
- Via webcast: https://events.q4inc.com/attendee/101792930. A webcast replay will be available approximately two hours after the conclusion of the conference call and will be available for 90 days. Joining via webcast is recommended for those who will not be asking questions.
- By telephone: The participant toll-free dial-in number is (888) 340-5024. International dial-in is (646) 960-0135. The conference ID number is 8230248. All phone participants are asked to dial in 15 minutes prior to the start of the call to ensure connectivity.
A replay of the conference call will be available beginning at approximately 1:00 p.m. ET on August 10, 2022 and ending on August 17, 2022. The replay dial-in number for U.S. participants is 1 (800) 770-2030. For international participants, the replay dial-in is 1 (647) 362-9199. The replay conference ID number is 8230248.
Welltower® Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers, and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada, and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.com.
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FLINT, MI -- A former director of the Michigan Department of Health and Human Services is asking a Genesee County judge to dismiss 10 criminal charges against him, saying they can only survive in a world of wizardry.
Attorneys for Nick Lyon, the former director, made the formal motion to dismiss Flint water crisis charges against him, including nine counts of involuntary manslaughter, on Monday, July 25, and used a reference to Harry Potter to make his point.
Lyon’s motion says Michigan Solicitor General Fadwa Hammoud wants Judge Elizabeth Kelly to “wave a magic wand” and remand his case back to a district court to comply with a recent state Supreme Court decision.
The state’s highest court held last month that a one-man grand jury used to indict Lyon, former Michigan Gov. Rick Snyder and seven others didn’t have the authority to do so and that those charged with the alleged crimes are entitled to preliminary exams that they did not initially receive.
“This is a court, not the Hogwarts School of Witchcraft & Wizardry, and this Court should not engage in the practice of wizardry,” Lyon’s motion says in part.
The motion challenges Hammoud’s request that Kelly remand the water crisis cases back to a district court, allowing them to continue.
Lyon’s motion says prosecutors shouldn’t be allowed to start over in the Flint water prosecutions but should be told the cases are being put to rest.
“The Supreme Court could not have been more clear. This court erred in denying Director Lyon’s motion to dismiss and is now obligated on remand to grant that motion,” Monday’s filing says. “The prosecution’s (position) is meritless. The relief sought is not at all ‘consistent’ with the Supreme Court’s position ...
“The Supreme Court said that the indictment must be dismissed -- not remanded, not transferred. Dismissed. So, that is what this Court must do.”
Kelly had denied Lyon’s initial motion to dismiss the charges against him but the Supreme Court reversed Kelly’s ruling.
Hammoud, who is leading the state’s prosecution of Lyon, said after the Supreme Court decision that she would continue to prosecute Snyder, Lyon and seven other current and former government employees on Flint water charges by sending the cases back to Genesee District Court to allow for preliminary examinations.
MLive-The Flint Journal could not immediately reach a spokeswoman for Hammoud for further comment on Monday.
Kelly has scheduled a motion hearing on the water cases for Aug. 9.
Read more at The Flint Journal:
Judge had no power to indict in Flint water crisis cases, Michigan Supreme Court rules
What does Michigan Supreme Court’s Flint water ruling mean for ex-Gov. Snyder?
Michigan solicitor general says she won’t drop Flint water prosecutions | https://www.mlive.com/news/flint/2022/07/lyon-channels-harry-potter-in-asking-judge-to-dismiss-flint-water-charges.html | 2022-07-25T21:12:42Z | https://www.mlive.com/news/flint/2022/07/lyon-channels-harry-potter-in-asking-judge-to-dismiss-flint-water-charges.html | true |
NEW YORK (AP) — The players' association rejected what Major League Baseball called its final offer for an international draft, a move that will keep direct draft-pick compensation in place for free agents and likely limit the market for some older players.
The union announced its decision about eight hours before Monday's midnight EDT deadline for an agreement, timing specified in the March 10 lockout settlement.
“Each of our proposals was focused on protecting against the scenario that all players fear the most — the erosion of our game on the world stage, with international players becoming the latest victim in baseball’s prioritization of efficiency over fundamental fairness,” the union said in a statement. “The league’s responses fell well short of anything players could consider a fair deal."
The decision keeps in place until December 2026 a system of qualifying offers for free agents that began in 2012. A club can make a qualifying offer following the World Series to a free agent who has been with the team since opening day, a one-year contract for the average of the top 125 deals by average annual value. Last year's figure was $18.4 million.
If a player rejects a qualifying offer and signs elsewhere, the signing team is subject to a loss of one or two amateur draft picks and a reduction in international signing bonus pool allotment.
Some older players have found their market lessened because of the compensation. Craig Kimbrel and Dallas Keuchel delayed signing in 2019 until June, after the draft pick compensation no longer was attached.
Among the older players eligible for free agency after this season are Anthony Rizzo, J.D. Martinez, Chris Sale and Charlie Morton.
Top players have found robust markets. This year's group is headed by Aaron Judge, Jacob deGrom and Trea Turner .
"We are disappointed the MLBPA chose the status quo over transitioning to an international draft that would have guaranteed future international players larger signing bonuses and better educational opportunities, while enhancing transparency to best address the root causes of corruption in the current system,” MLB said in a statement.
An amateur draft was established for residents of the United States and Canada in 1965 and extended to residents of U.S. territories such as Puerto Rico in 1990. MLB has pushed for a similar international amateur draft, saying part of its rationale was to combat illicit agreements made before players are age eligible — either 16 or 15 if the player turns 16 later in the signing period.
MLB proposed last July 28 that a 2024 international draft include spending of $181 million for the top 600 players and $190 million in total, up from $166 million in the 2021 signing period.
Players waited until early this July to make a counteroffer. They proposed a draft be allocated $260 million for the 2024 signing period, with teams having to guarantee slot values while having the flexibility to exceed them within bonus pools.
MLB increased its offer Saturday to $191 million for 2024 and said it was a final proposal. MLB dropped mandatory drug testing with penalties for positive tests and also changed its proposed medical combine from mandatory to optional. Management also offered to guarantee a minimum of $5,000 in educational money, a figure rising to $10,000 if the player passes a General Educational Development Test.
The union said MLB's offer was not sufficient.
“Our draft proposals — unprecedented in MLBPA history — sought to establish minimum guarantees in player signings, roster spots, infrastructure investments, playing opportunities, scouting opportunities, as well as enforcement measures to combat corruption,” the union said. “We also made proposals to compensate international signees more fairly and in line with other amateurs, and to ensure that all prospects have access to an educational and player development safety net.”
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://www.sfgate.com/sports/article/MLB-players-union-rejects-international-draft-17328011.php | 2022-07-25T21:12:49Z | https://www.sfgate.com/sports/article/MLB-players-union-rejects-international-draft-17328011.php | false |
SAGINAW, MI — An attorney for nearly 30 years with the depth of experience that comes with it, local attorney Andrew D. Concannon has thrown his hat in the ring to be Saginaw County’s next Circuit Court judge.
Concannon, 55, is running for the seat that will be vacated at year’s end by retiring Judge James T. Borchard, whose court exclusively handles child custody, divorce, and family law-related files. His replacement will maintain this role.
Concannon graduated from Troy Athens High School in 1985, after which he attended Michigan State University and majored in History. He then attended University of Detroit Law School, graduating from there in 1993.
“In college, I focused on becoming a social scientist or an attorney,” Concannon said. “I ultimately gravitated to the law because I thought it was a noble calling and an interesting course of study with intellectual rigor. I was proved right on both counts.”
Concannon passed the Michigan Bar Exam on his first attempted in July 1993, being sworn in as an attorney shortly thereafter. He is licensed to practice in both of Michigan’s federal courts, as well as the federal courts in Illinois, Wisconsin, the U.S. 6th Circuit Court of Appeals, and the U.S. Supreme Court.
“My various experiences in 28 years as an attorney have provided me with scores of interesting and difficult challenges that I could not imagine grappling with in another field of employment,” Concannon said.
Concannon’s focus has been as a litigator and trial lawyer, having handled disputes involving individuals, businesses, and governments.
“My practice, and my client base, are varied,” he said. “I represent farmers negotiating loans with banks, individuals in business disputes, individuals in family and trust disputes, as well as representing parties in cases involving municipal issues like zoning and municipal governance. It is by far the most varied experience of any candidate in this race.”
Since 2001, Concannon has been a partner with the firm of Smith Bovill, which has offices at 200 St. Andrews Road in Saginaw and 140 W. Tuscola St. in Frankenmuth.
Concannon believes he’s the best candidate for the judgeship based on his years of legal experience, which he refers to as “deep and varied.”
“I have argued over 50 appeals while my opponents combined have argued less than 10,” he said. “I have tried more than two dozen jury trials. My opponents total less than half of that. I am the only candidate in this race to have both the highest rating for legal ability and ethics by the most recognized attorney rating service, Martindale Hubbell (‘AV-Preeminent’) as well as the Wolverine Bar Association judicial candidate rating of ‘Well Qualified.’”
While he acknowledged the experience of his four fellow candidates, Concannon said depth, variety, and duration matters when selecting the county’s next judge.
“The Circuit Court presides over felony cases, civil cases, cases involving claims for review of the Constitution and statutes, claims for injunctive relief, declaratory relief as well as family law matters,” he said. “I am the only candidate who has the depth and breadth of experience to handle all types of these cases because I have handled all of them over the last 28 years.”
To Concannon, this experience matters because it “is the key component to inform a judge on a fair disposition of the matter before him or her. Knowing the law alone is not enough.”
If elected, Concannon said he would look to expand both electronic filing and remote technology.
“Saginaw County is in the early stages of electronic filing and I would be very active in doing the work needed to make it succeed and as soon as possible,” he said. “Likewise, Zoom technology is here to stay in all our day-to-day lives and the court experience is changing as well to allow more and more matters to be handled remotely. This promotes less costly litigation and attorney fee expense, and I would actively promote remote technology.”
Similarly, he would be active in monitoring and promoting alternative dispute resolutions in the cases before him and would move to conduct expeditious trials when settlements are not options.
“It is important that the litigants feel the judge takes an interest in their case, and that they will have their day in court as soon as possible,” he said.
Concannon is married to Saginaw native Tracy Wait, who was in the first graduating class of Nouvel Catholic Central in 1985. They met while attending MSU and she “has remained my best friend and partner for the last 35 years,” Concannon said.
The couple has two adult sons, William Concannon, 26, and Ethan Concannon, 22. The former is an honors graduate from Clemson University in Computer Science and received his Master’s Degree in Computer Analytics from Georgia Tech in the fall of 2021. He is a data scientist in Chicago.
The latter is to graduate in May from the University of Michigan with degrees in Computer Science and Mathematics. He is currently interning as a software engineer for a start-up in Chicago.
Concannon said he has received endorsements from labor organizations, elected officials from both parties at the state and local levels, and from numerous local attorneys.
Concannon’s campaign website is available at www.concannonforjudge.com.
He is one of five candidates vying for Borchard’s seat, the others being Debra S. Kauten, Janey J. Lamar, Brittany Dicken, and Megan Cottington-Heath. All their names will appear on the Aug. 2 general election ballot, with the two who garner the most votes advancing to the Nov. 8 general election.
“Every candidate has some degree of experience,” Concannon said. “The voters have seen our signs and our names on billboards. Ultimately though, it is my hope that the voters will investigate on their own if they can, evaluate the mailings they may receive, and also look online at all of the web sites to compare and contrast the candidates, and to weigh the experience that each candidate would bring to the bench if elected. I believe that, if given that chance, I will prove worthy of the vote of the voters of Saginaw County.
“I hope the citizens of our great county can look to our race (despite the fact that it will be easy to miss at the bottom of the ballot) and cast an informed vote,” he said.
Read more:
Brittany Dicken, former Friend of the Court director, running for Saginaw County judge
Saginaw attorney Janey Lamar announces candidacy for Saginaw County Circuit Court judgeship
Saginaw County to keep judgeship thanks to bipartisan collaboration among officials | https://www.mlive.com/news/saginaw-bay-city/2022/07/andrew-concannon-lawyers-with-nearly-30-years-of-varied-experience-running-for-saginaw-county-judge.html | 2022-07-25T21:12:54Z | https://www.mlive.com/news/saginaw-bay-city/2022/07/andrew-concannon-lawyers-with-nearly-30-years-of-varied-experience-running-for-saginaw-county-judge.html | true |
LIVE: Former Sedgwick County detention deputy who failed to stop jail breach, faces new charges
WICHITA, Kan. (KWCH) - The Sedgwick County Sheriff’s Office will hold a briefing to discuss the arrest of Dustin Burnett as well as new charges related to his employment with the sheriff’s office. The briefing will be held at 4 p.m. on the second floor of the jail complex at 141 W. Elm.
On Friday, Burnett was charged with two counts of official misconduct. During a briefing the previous day, Sedgwick County Sheriff Jeff Easter said Burnett was arrested following an investigation into a major breach at the Sedgwick County Detention Facility.
Easter said inmates used a pipe to create a hole in the wall. From there they lowered a sheet to a person on the outside who used it to smuggle two cell phones and marijuana in. There were supposed to be three other drops, including one where a gun was raised into the jail, but an inmate alerted deputies to what was happening.
Easter said Burnett was the on-duty detention deputy at the time of the incident. He said Burnett saw the inmates create the hole and saw them bring contraband into the facility, and did not stop it or alert anyone about what was going on.
Copyright 2022 KWCH. All rights reserved. | https://www.kwch.com/2022/07/25/sheriff-former-sedgwick-county-detention-deputy-who-failed-stop-jail-security-breach-faces-new-charges/ | 2022-07-25T21:12:55Z | https://www.kwch.com/2022/07/25/sheriff-former-sedgwick-county-detention-deputy-who-failed-stop-jail-security-breach-faces-new-charges/ | false |
TOLEDO, Ohio, July 25, 2022 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) today announced it will release second quarter 2022 financial results after the close of trading on the New York Stock Exchange on Tuesday, August 9, 2022. The Company will host a conference call and webcast on Wednesday, August 10, 2022, at 9:00 a.m. Eastern Time to discuss these results. The Company's earnings release will be available in the Investors section of the Company's website.
Investors and other interested parties may access the conference call in the following ways:
- At the Company's website: www.welltower.com.
- Via webcast: https://events.q4inc.com/attendee/101792930. A webcast replay will be available approximately two hours after the conclusion of the conference call and will be available for 90 days. Joining via webcast is recommended for those who will not be asking questions.
- By telephone: The participant toll-free dial-in number is (888) 340-5024. International dial-in is (646) 960-0135. The conference ID number is 8230248. All phone participants are asked to dial in 15 minutes prior to the start of the call to ensure connectivity.
A replay of the conference call will be available beginning at approximately 1:00 p.m. ET on August 10, 2022 and ending on August 17, 2022. The replay dial-in number for U.S. participants is 1 (800) 770-2030. For international participants, the replay dial-in is 1 (647) 362-9199. The replay conference ID number is 8230248.
Welltower® Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers, and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada, and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.com.
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SOURCE Welltower Inc. | https://www.weau.com/prnewswire/2022/07/25/welltower-announces-date-second-quarter-2022-earnings-release-conference-call-webcast/ | 2022-07-25T21:13:26Z | https://www.weau.com/prnewswire/2022/07/25/welltower-announces-date-second-quarter-2022-earnings-release-conference-call-webcast/ | true |
U.S. weighs declaring monkeypox a health emergency -Washington Post
July 25 (Reuters) - The Biden administration is weighing whether to declare the monkeypox outbreak in the country a public health emergency, the Washington Post reported on Monday.
The government is also planning to name a White House coordinator to oversee the country's response to the outbreak, according to the report.
The White House did not immediately respond to a request for comment.
The news comes days after the World Health Organization issued a high-level alert, declaring the outbreak of the mild viral infection a global health emergency.
So far, nearly 70 countries in which monkeypox is not endemic have reported outbreaks of the viral disease, with confirmed cases crossing 16,600.
Two cases of monkeypox, which causes flu-like symptoms and skin lesions, were identified in the United States among children for the first time last week. (Reporting by Amruta Khandekar; Editing by Anil D'Silva) | https://www.dailymail.co.uk/wires/reuters/article-11047557/U-S-weighs-declaring-monkeypox-health-emergency-Washington-Post.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-25T21:13:30Z | https://www.dailymail.co.uk/wires/reuters/article-11047557/U-S-weighs-declaring-monkeypox-health-emergency-Washington-Post.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
JUSTIN, Texas, July 25, 2022 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it plans to report its financial results for the second quarter ended June 30, 2022 after market close on Monday, August 8, 2022. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period.
Those interested are invited to listen to the live webcast online here. A replay of the webcast will be available shortly afterwards here.
Date: Monday, August 8, 2022
Time: 5:00 pm ET
U.S. Dial-in: 877-407-9169
International Dial-in: 201-493-6755
Access ID: 13731720
A telephonic replay of the conference call will be available shortly after its conclusion through August 22, 2022.
Toll-free Replay Number: 877-660-6853
International Replay Number: 201-612-7415
Replay ID: 13731720
Canoo's mission is to bring EVs to Everyone. The company has developed breakthrough electric vehicles based on our proprietary multi-purpose platform technologies, that are reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that spans the full lifecycle of the vehicle. Distinguished by its experienced team from leading technology and automotive companies – Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space that is customizable across all owners in the vehicle lifecycle to support a wide range of vehicle applications for consumers and businesses.
Canoo has teams in Texas, Oklahoma, Arkansas, Michigan and California. For more information, please visit www.canoo.com. For Canoo press materials, including photos, please visit press.canoo.com. For investors, please visit investors.canoo.com.
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SOURCE Canoo | https://www.kfyrtv.com/prnewswire/2022/07/25/canoo-announce-second-quarter-2022-financial-results/ | 2022-07-25T21:13:44Z | https://www.kfyrtv.com/prnewswire/2022/07/25/canoo-announce-second-quarter-2022-financial-results/ | true |
BETHESDA, Md., July 25, 2022 /PRNewswire/ -- AGNC Investment Corp. ("AGNC" or the "Company") (Nasdaq: AGNC) today announced financial results for the quarter ended June 30, 2022.
SECOND QUARTER 2022 FINANCIAL HIGHLIGHTS
- $(1.34) comprehensive loss per common share, comprised of:
- $0.83 net spread and dollar roll income per common share, excluding estimated "catch-up" premium amortization benefit 1
- $11.43 tangible net book value per common share as of June 30, 2022
- $0.36 dividends declared per common share for the second quarter
- -10.1% economic return on tangible common equity for the quarter
OTHER SECOND QUARTER HIGHLIGHTS
- $61.3 billion investment portfolio as of June 30, 2022, comprised of:
- 7.4x tangible net book value "at risk" leverage as of June 30, 2022
- Cash and unencumbered Agency MBS totaled approximately $2.8 billion as of June 30, 2022
- 7.2% average projected portfolio life CPR as of June 30, 2022
- 2.70% annualized net interest spread and TBA dollar roll income for the quarter, excluding estimated "catch-up" premium amortization benefit
- Capital markets activity
MANAGEMENT REMARKS
"Financial markets remained under significant pressure in the second quarter as the Federal Reserve indicated a more aggressive path of monetary policy tightening," said Peter Federico, the Company's President and Chief Executive Officer. "The expectation of materially higher short-term rates drove significant interest rate volatility and increased the probability of a recession. This challenging monetary policy and macro-economic environment led to broad-based financial market weakness during the second quarter. Agency MBS were no exception, as the spread between Agency MBS and swap and Treasury rates widened meaningfully in April and again in June.
"Looking ahead, while the near-term outlook continues to be uncertain, the longer-term outlook for Agency MBS has improved substantially. At current valuation levels, Agency MBS are extremely attractive relative to historical levels. The Federal Reserve has begun to reduce its portfolio organically, but that runoff will occur at a slower pace than previously anticipated as a result of reduced prepayments. Finally, and perhaps most importantly, the net supply of Agency MBS is now expected to be meaningfully lower than prior expectations.
"These positive developments provide reason for optimism that this period of weakness in the Agency MBS market is nearing its end. The favorable returns associated with Agency MBS in this wider spread regime and an improving technical outlook for mortgage supply and demand should provide a supportive backdrop for Agency MBS investors. Moreover, in this compelling investment environment, we believe AGNC is well-positioned to generate strong risk-adjusted returns for our stockholders."
"As a result of the challenging market conditions during the quarter, AGNC continued to maintain a defensive position, highlighted by lower leverage and our low interest rate exposure," said Bernice Bell, the Company's Executive Vice President and Chief Financial Officer. "Importantly, however, despite this defensive positioning, our net spread and dollar roll income per common share, excluding 'catch-up' premium amortization, increased to $0.83 for the second quarter, from $0.72 for the first quarter, due to exceptionally strong TBA dollar roll performance, higher asset yields and stable funding costs, net of our interest rate hedges. While dollar roll performance has moderated, our net spread and dollar roll income should be well protected against higher short-term rates as a result of our significant hedge portfolio."
TANGIBLE NET BOOK VALUE PER COMMON SHARE
As of June 30, 2022, the Company's tangible net book value per common share was $11.43 per share, a decrease of -12.9% for the quarter compared to $13.12 per share as of March 31, 2022. The Company's tangible net book value per common share excludes $526 million, or approximately $1.01 per share, of goodwill as of June 30, 2022 and March 31, 2022.
INVESTMENT PORTFOLIO
As of June 30, 2022, the Company's investment portfolio totaled $61.3 billion, comprised of:
- $59.5 billion of Agency MBS and TBA securities, including:
- $39.9 billion 30-year MBS,
- $15.8 billion 30-year TBA securities,
- $1.8 billion 15-year MBS,
- $0.1 billion 15-year TBA securities, and
- $1.6 billion 20-year MBS; and
- $1.8 billion of CRT and non-Agency securities.
As of June 30, 2022, 30-year and 15-year fixed-rate Agency MBS and TBA securities represented 91% and 3%, respectively, of the Company's investment portfolio, unchanged from March 31, 2022. The Company's TBA position is net of short TBA securities held as of the reporting date.
As of June 30, 2022, the Company's fixed-rate Agency MBS and TBA securities' weighted average coupon was 3.58%, compared to 3.20% as of March 31, 2022, comprised of the following weighted average coupons:
- 3.62% for 30-year fixed-rate securities;
- 3.27% for 15-year fixed rate securities; and
- 2.50% for 20-year fixed-rate securities.
The Company accounts for TBA securities and other forward settling securities as derivative instruments and recognizes TBA dollar roll income in other gain (loss), net on the Company's financial statements. As of June 30, 2022, such positions had a fair value of $15.9 billion and a GAAP net carrying value of $(107) million reported in derivative assets/(liabilities) on the Company's balance sheet, compared to $19.5 billion and $(609) million, respectively, as of March 31, 2022.
CONSTANT PREPAYMENT RATES
The Company's weighted average projected CPR for the remaining life of its Agency securities held as of June 30, 2022 decreased to 7.2% from 7.9% as of March 31, 2022. The Company's weighted average CPR for the second quarter was of 12.4%, compared to 14.5% for the prior quarter.
The weighted average cost basis of the Company's investment portfolio was 103.2% of par value as of June 30, 2022. The Company's investment portfolio generated net premium amortization cost of $(127) thousand, or less than $(0.01) per common share, for the second quarter, which includes a "catch-up" premium amortization benefit of $66 million, or $0.13 per common share, due to a decrease in the Company's CPR projections for certain securities acquired prior to the second quarter. This compares to net premium amortization benefit for the prior quarter of $78 million, or $0.15 per common share, including "catch-up" premium amortization benefit of $159 million, or $0.30 per common share.
ASSET YIELDS, COST OF FUNDS AND NET INTEREST RATE SPREAD
The Company's average asset yield on its investment portfolio, excluding the TBA position, was 3.09% for the second quarter, compared to 3.55% for the prior quarter. Excluding "catch-up" premium amortization, the Company's average asset yield was 2.58% for the second quarter, compared to 2.36% for the prior quarter. Including the TBA position and excluding "catch-up" premium amortization, the Company's average asset yield for the second quarter was 2.88%, compared to 2.28% for the prior quarter.
For the second quarter, the weighted average interest rate on the Company's repurchase agreements was 0.74%, compared to 0.23% for the prior quarter. For the second quarter, the Company's TBA position had an implied financing benefit of -0.04%, compared to a benefit of -0.49% for the prior quarter. Inclusive of interest rate swaps, the Company's combined weighted average cost of funds for the second quarter was a net cost of 0.18%, compared to a net cost of 0.09% for the prior quarter.
The Company's annualized net interest spread, including the TBA position and interest rate swaps and excluding "catch-up" premium amortization, for the second quarter was 2.70%, compared to 2.19% for the prior quarter.
NET SPREAD AND DOLLAR ROLL INCOME
The Company recognized net spread and dollar roll income (a non-GAAP financial measure) for the second quarter of $0.83 per common share, excluding $0.13 per common share of "catch-up" premium amortization benefit, compared to $0.72 per common share for the prior quarter, excluding 0.30 per common share of "catch-up" premium amortization benefit.
A reconciliation of the Company's net interest income to net spread and dollar roll income and additional information regarding the Company's use of non-GAAP measures are included later in this release.
LEVERAGE
As of June 30, 2022, $41.3 billion of repurchase agreements, $16.0 billion of net TBA dollar roll positions (at cost) and $0.1 billion of other debt were used to fund the Company's investment portfolio. The remainder, or approximately $1.9 billion, of the Company's repurchase agreements was used to fund purchases of U.S. Treasury securities ("U.S. Treasury repo") and is not included in the Company's leverage measurements. Inclusive of its TBA position and net payable/(receivable) for unsettled investment securities, the Company's tangible net book value "at risk" leverage ratio was 7.4x as of June 30, 2022, compared to 7.5x as of March 31, 2022. The Company's average "at risk" leverage for the second quarter was 7.8x tangible net book value, unchanged from the prior quarter.
As of June 30, 2022, the Company's repurchase agreements had a weighted average interest rate of 1.25%, compared to 0.37% as of March 31, 2022, and a weighted average remaining maturity of 46 days, compared to 64 days as of March 31, 2022. As of June 30, 2022, $17.8 billion, or 43%, of the Company's repurchase agreements were funded through the Company's captive broker-dealer subsidiary, Bethesda Securities, LLC.
As of June 30, 2022, the Company's repurchase agreements had remaining maturities of:
- $36.8 billion of three months or less;
- $3.0 billion from three to six months; and
- $1.4 billion from six to twelve months.
HEDGING ACTIVITIES
As of June 30, 2022, interest rate swaps, swaptions and U.S. Treasury positions equaled 126% of the Company's outstanding balance of repurchase agreements, TBA position and other debt, compared to 121% as of March 31, 2022.
As of June 30, 2022, the Company's interest rate swap position totaled $49.9 billion in notional amount, compared to $51.1 billion as of March 31, 2022. As of June 30, 2022, the Company's interest rate swap portfolio had an average fixed pay rate of 0.28%, an average receive rate of 1.51% and an average maturity of 3.9 years, compared to 0.26%, 0.30% and 4.0 years, respectively, as of March 31, 2022. As of June 30, 2022, 81% and 19% of the Company's interest rate swap portfolio were linked to the Secured Overnight Financing Rate ("SOFR") and Overnight Index Swap Rate ("OIS"), respectively.
As of June 30, 2022, the Company had payer swaptions outstanding totaling $6.8 billion, compared to $10.3 billion as of March 31, 2022, receiver swaptions outstanding totaling $0.2 billion, compared to none outstanding as of March 31, 2022, and net short U.S. Treasury positions outstanding totaling $15.9 billion, compared to $16.2 billion as of March 31, 2022.
OTHER GAIN (LOSS), NET
For the second quarter, the Company recorded a net loss of $(729) million in other gain (loss), net, or $(1.39) per common share, compared to a net loss of $(1,078) million, or $(2.06) per common share, for the prior quarter. Other gain (loss), net for the second quarter was comprised of:
- $(946) million of net realized losses on sales of investment securities;
- $(987) million of net unrealized losses on investment securities measured at fair value through net income;
- $49 million of interest rate swap periodic income;
- $786 million of net gains on interest rate swaps;
- $309 million of net gains on interest rate swaptions;
- $647 million of net gains on U.S. Treasury positions;
- $182 million of TBA dollar roll income;
- $(786) million of net mark-to-market losses on TBA securities; and
- $17 million of other miscellaneous gains.
OTHER COMPREHENSIVE LOSS
During the second quarter, the Company recorded other comprehensive loss of $(245) million, or $(0.47) per common share, consisting of net unrealized losses on the Company's Agency securities recognized through OCI, compared to $(491) million, or $(0.94) per common share, of other comprehensive loss for the prior quarter.
COMMON STOCK DIVIDENDS
During the second quarter, the Company declared dividends of $0.12 per share to common stockholders of record as of April 29, May 31, and June 30, 2022, totaling $0.36 per share for the quarter. Since its May 2008 initial public offering through the second quarter of 2022, the Company has declared a total of $11.6 billion in common stock dividends, or $45.04 per common share.
FINANCIAL STATEMENTS, OPERATING PERFORMANCE AND PORTFOLIO STATISTICS
The following measures of operating performance include net spread and dollar roll income; net spread and dollar roll income, excluding "catch-up" premium amortization; economic interest income; economic interest expense; estimated taxable income; and the related per common share measures and financial metrics derived from such information, which are non-GAAP financial measures. Please refer to "Use of Non-GAAP Financial Information" later in this release for further discussion of non-GAAP measures.
*Except as noted below, average numbers for each period are weighted based on days on the Company's books and records. All percentages are annualized, unless otherwise noted.
Numbers in financial tables may not total due to rounding.
- Tangible net book value per common share excludes preferred stock liquidation preference and goodwill.
- Table includes non-GAAP financial measures and/or amounts derived from non-GAAP measures. Refer to "Use of Non-GAAP Financial Information" for additional discussion of non-GAAP financial measures.
- Amount reported in gain (loss) on derivatives instruments and other securities, net in the accompanying consolidated statements of operations.
- Dollar roll income represents the price differential, or "price drop," between the TBA price for current month settlement versus the TBA price for forward month settlement. Amount includes dollar roll income (loss) on long and short TBA securities. Amount excludes TBA mark-to-market adjustments.
- The implied funding cost/benefit of TBA dollar roll transactions is determined using the "price drop" (Note 4) and market based assumptions regarding the "cheapest-to-deliver" collateral that can be delivered to satisfy the TBA contract, such as the anticipated collateral's weighted average coupon, weighted average maturity and projected 1-month CPR. The average implied funding cost/benefit for all TBA transactions is weighted based on the Company's daily average TBA balance outstanding for the period.
- The average implied asset yield for TBA dollar roll transactions is extrapolated by adding the average TBA implied funding cost (Note 5) to the net dollar roll yield. The net dollar roll yield is calculated by dividing dollar roll income (Note 4) by the average net TBA balance (cost basis) outstanding for the period.
- Amount calculated on a weighted average basis based on average balances outstanding during the period and their respective asset yield/funding cost.
- Represents periodic interest rate swap settlements. Amount excludes interest rate swap termination fees and mark-to-market adjustments.
- Cost of funds excludes other supplemental hedges used to hedge a portion of the Company's interest rate risk (such as swaptions and U.S. Treasury positions) and U.S. Treasury repurchase agreements.
- Represents interest rate swap periodic cost measured as a percent of total mortgage funding (Agency repurchase agreements, other debt and net TBA securities).
- "Catch-up" premium amortization cost/benefit is reported in interest income on the accompanying consolidated statements of operations.
- Investment securities include Agency MBS, CRT and non-Agency securities. Amounts exclude TBA and forward settling securities.
- Average repurchase agreements and other debt excludes U.S. Treasury repurchase agreements.
- Average stockholders' equity calculated as the average month-ended stockholders' equity during the quarter.
- Average tangible net book value "at risk" leverage during the period was calculated by dividing the sum of the daily weighted average Agency repurchase agreements, other debt, and TBA and forward settling securities (at cost) outstanding for the period by the sum of average stockholders' equity adjusted to exclude goodwill. Leverage excludes U.S. Treasury repurchase agreements.
- Tangible net book value "at risk" leverage as of period end was calculated by dividing the sum of the amount outstanding under repurchase agreements, other debt, net TBA position and forward settling securities (at cost), and net receivable / payable for unsettled investment securities outstanding by the sum of total stockholders' equity adjusted to exclude goodwill. Leverage excludes U.S. Treasury repurchase agreements.
- Average TBA coupon is for the long TBA position only.
- Includes forward starting swaps not yet in effect as of reported period-end.
- Economic return (loss) on tangible common equity represents the sum of the change in tangible net book value per common share and dividends declared on common stock during the period over the beginning tangible net book value per common share.
- Includes net TBA dollar roll position and, if applicable, forward settling securities.
STOCKHOLDER CALL
AGNC invites stockholders, prospective stockholders and analysts to attend the AGNC stockholder call on July 26, 2022 at 8:30 am ET. Interested persons who do not plan on asking a question and have internet access are encouraged to utilize the free webcast at www.AGNC.com. Those who plan on participating in the Q&A or do not have internet available may access the call by dialing (877) 300-5922 (U.S. domestic) or (412) 902-6621 (international). Please advise the operator you are dialing in for the AGNC Investment Corp. stockholder call.
A slide presentation will accompany the call and will be available at www.AGNC.com. Select the Q2 2022 Earnings Presentation link to download and print the presentation in advance of the stockholder call.
An archived audio of the stockholder call combined with the slide presentation will be available on the AGNC website after the call on July 26, 2022. In addition, there will be a phone recording available one hour after the call on July 26, 2022 through August 2, 2022. Those who are interested in hearing the recording of the presentation, can access it by dialing (877) 344-7529 (U.S. domestic) or (412) 317-0088 (international), passcode 4136711.
For further information, please contact Investor Relations at (301) 968-9300 or IR@AGNC.com.
ABOUT AGNC INVESTMENT CORP.
AGNC Investment Corp. is an internally-managed real estate investment trust ("REIT") that invests primarily in residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise or a U.S. Government agency. For further information, please refer to www.AGNC.com.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ materially from those projected in these forward-looking statements or from our historic performance due to a variety of important factors, including, without limitation, changes in interest rates, changes in MBS spreads to benchmark interest rates, changes in the yield curve, changes in prepayment rates, the availability and terms of financing, changes in the market value of the Company's assets, general economic or market conditions, and conditions in the market for Agency securities, any of which may be materially impacted by changes in the Federal Reserve's bond buying program, approaches to address the size of its bond portfolio or its monetary policy, and legislative and regulatory changes that could adversely affect the business of the Company. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements, are included in the Company's periodic reports filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company disclaims any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt of new information, or otherwise.
USE OF NON-GAAP FINANCIAL INFORMATION
In addition to the results presented in accordance with GAAP, the Company's results of operations discussed in this release include certain non-GAAP financial information, including "net spread and dollar roll income," "net spread and dollar roll income, excluding 'catch-up' premium amortization," "economic interest income" and "economic interest expense" (both components of "net spread and dollar roll income"), "estimated taxable income" and the related per common share measures and certain financial metrics derived from such non-GAAP information, such as "cost of funds" and "net interest spread."
"Net spread and dollar roll income" is measured as (i) net interest income (GAAP measure) adjusted to include TBA dollar roll income, interest rate swap periodic cost and other interest and dividend income (referred to as "adjusted net interest and dollar roll income") less (ii) total operating expense (GAAP measure). "Net spread and dollar roll income, excluding 'catch-up' premium amortization," further excludes retrospective "catch-up" adjustments to premium amortization cost due to changes in projected CPR estimates.
By providing users of the Company's financial information with such measures in addition to the related GAAP measures, the Company believes users will have greater transparency into the information used by the Company's management in its financial and operational decision-making. The Company also believes that it is important for users of its financial information to consider information related to the Company's current financial performance without the effects of certain transactions that are not necessarily indicative of its current investment portfolio performance and operations.
Specifically, in the case of "adjusted net interest and dollar roll income," the Company believes the inclusion of TBA dollar roll income is meaningful as TBAs, which are accounted for under GAAP as derivative instruments with gains and losses recognized in other gain (loss) in the Company's statement of operations, are economically equivalent to holding and financing generic Agency MBS using short-term repurchase agreements. Similarly, the Company believes that the inclusion of periodic interest rate swap settlements in such measure, which are recognized under GAAP in other gain (loss), is meaningful as interest rate swaps are the primary instrument the Company uses to economically hedge against fluctuations in the Company's borrowing costs and inclusion of periodic interest rate swap settlements is more indicative of the Company's total cost of funds than interest expense alone. In the case of "net spread and dollar roll income, excluding 'catch-up' premium amortization," the Company believes the exclusion of "catch-up" adjustments to premium amortization cost is meaningful as it excludes the cumulative effect from prior reporting periods due to current changes in future prepayment expectations and, therefore, exclusion of such "catch-up" cost or benefit is more indicative of the current earnings potential of the Company's investment portfolio. In the case of estimated taxable income (loss), the Company believes it is meaningful information as it is directly related to the amount of dividends the Company is required to distribute in order to maintain its REIT qualification status.
However, because such measures are incomplete measures of the Company's financial performance and involve differences from results computed in accordance with GAAP, they should be considered as supplementary to, and not as a substitute for, results computed in accordance with GAAP. In addition, because not all companies use identical calculations, the Company's presentation of such non-GAAP measures may not be comparable to other similarly-titled measures of other companies. Furthermore, estimated taxable income can include certain information that is subject to potential adjustments up to the time of filing the Company's income tax returns, which occurs after the end of its fiscal year.
A reconciliation of GAAP net interest income to non-GAAP "net spread and dollar roll income, excluding 'catch-up' premium amortization" and a reconciliation of GAAP net income to non-GAAP "estimated taxable income" is included in this release.
CONTACT:
Investors - (301) 968-9300
Media - (301) 968-9303
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SOURCE AGNC Investment Corp. | https://www.wbrc.com/prnewswire/2022/07/25/agnc-investment-corp-announces-second-quarter-2022-financial-results/ | 2022-07-25T21:14:13Z | https://www.wbrc.com/prnewswire/2022/07/25/agnc-investment-corp-announces-second-quarter-2022-financial-results/ | false |
MAUMEE, Ohio, July 25, 2022 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will release its 2022 second-quarter financial results on Wednesday, August 3, 2022. A press release will be issued at approximately 7 a.m. EDT, followed by a conference call and webcast at 10 a.m. EDT. Members of the company's senior management team will be available at that time to discuss the results and answer related questions.
The conference call can be accessed by telephone from both domestic and international locations using the information provided below:
Conference ID: 9943139
Participant Toll-Free Dial-In Number: 1-888-440-5873
Participant Toll Dial-In Number: 1-646-960-0319
Audio streaming and slides will be available online via a link provided on the Dana investor website: www.dana.com/investors.
A webcast replay will be available after 5 p.m. EDT and may be accessed via Dana's investor website.
About Dana Incorporated
Dana is a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company is shaping sustainable progress through its conventional and clean-energy solutions that support nearly every vehicle manufacturer with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions.
Based in Maumee, Ohio, USA, the company reported sales of $8.9 billion in 2021 with 40,000 people in 31 countries across six continents. Founded in 1904, Dana was named one of "America's Most Responsible Companies 2022" by Newsweek for its emphasis on sustainability and social responsibility. The company is driven by a high-performance culture that focuses on valuing others, inspiring innovation, growing responsibly, and winning together, earning it global recognition as a top employer. Learn more at dana.com.
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SOURCE Dana Incorporated | https://www.kwch.com/prnewswire/2022/07/25/dana-incorporated-announce-2022-second-quarter-financial-results-host-conference-call-webcast-august-3/ | 2022-07-25T21:15:08Z | https://www.kwch.com/prnewswire/2022/07/25/dana-incorporated-announce-2022-second-quarter-financial-results-host-conference-call-webcast-august-3/ | false |
WASHINGTON, July 25, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it will release its financial results for the fiscal quarter ended June 30, 2022, on Monday, August 8, 2022, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m. eastern time.
The conference call can be accessed by telephone or webcast as follows:
Dial-In (Domestic): (888) 346-2616
Dial-In (International): (412) 902-4254
Webcast: https://www.farmermac.com/investors/events-presentations/
When dialing in to the call, please ask for the "Farmer Mac Earnings Conference Call." This call can be heard live and will also be available for replay on Farmer Mac's website following the conclusion of the conference call.
About Farmer Mac
Farmer Mac is a vital part of the agricultural credit markets and was created to increase access to and reduce the cost of credit for the benefit of American agricultural and rural communities. As the nation's secondary market for agricultural credit, we provide financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from access to flexible, low-cost financing and risk management tools. Farmer Mac's customers benefit from its low cost of funds, low overhead costs, and high operational efficiency. More information about Farmer Mac is available on Farmer Mac's website at www.farmermac.com.
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SOURCE Farmer Mac | https://www.wbrc.com/prnewswire/2022/07/25/farmer-mac-announce-second-quarter-2022-financial-results/ | 2022-07-25T21:17:23Z | https://www.wbrc.com/prnewswire/2022/07/25/farmer-mac-announce-second-quarter-2022-financial-results/ | true |
TEL AVIV, Israel, July 25, 2022 /PRNewswire/ -- CropX Technologies, a global leader in digital agronomic solutions for farming operations, recently offered farmers in the Netherlands greater insight into how the government's new proposed nitrogen emission reductions will affect their farms. This helps farmers understand and prepare for the impact it will have on their operations and gives members of the general public and policymakers an easier way to understand the proposed nitrogen targets.
Nitrogen is a vital nutrient for crop and pasture growth but causes ecological problems when too much is released into the environment. In the Netherlands, manure from dairy operations is a significant source of emissions and is the focus of a government plan for emission reductions across the country.
CropX operates the precision mapping tool Boer&Bunder (www.boerenbunder.nl), which takes publicly available data on agricultural fields and makes it accessible in an online mapping platform. After the Dutch government released its map of proposed reduction targets, CropX quickly made it available to the public on Boer&Bunder as part of its free tier of access. Users can search specific field plots to see proposed reduction targets for each location.
"Making the Dutch government's nitrogen reduction map accessible helps everyone understand better the emission standards that could affect how farms are run in the foreseeable future," says Gert Sterenborg, Product Manager at CropX.
Boer&Bunder gives users insights into agricultural fields within the countries that it covers, currently the Netherlands, Belgium, Luxembourg, Denmark, Austria, France and two states in Germany. This includes field by field data on historic crop rotations and precise field plotting for planning and invoicing. Users can also access elevation maps and satellite imagery and have access to different data sets based on subscription tiers.
About CropX
CropX is one of the fastest growing providers of agribusiness farm management solutions in the world, deployed in over 50 countries and across all the arable continents. The CropX platform synthesizes data from the earth and sky to offer advanced soil and crop intelligence and a suite of digital decision and planning tools, all on an easy-to-use app capable of tracking multiple farms and fields. CropX is backed by the world's leading agribusinesses and VCs, who recognize that CropX's precision-ag technologies set new standards of best practices for environmental sustainability and greater farm productivity. Learn more at https://www.cropx.com
Photo - https://mma.prnewswire.com/media/1865944/CropX.jpg
Logo - https://mma.prnewswire.com/media/1751720/CropX_Logo.jpg
Media Contact
Hanna Day-Woodruff
Marketing and Communications Specialist
hanna.dw@cropx.com
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SOURCE CropX | https://www.cleveland19.com/prnewswire/2022/07/25/cropx-technologies-helps-farmers-understand-pending-nitrogen-regulations/ | 2022-07-25T21:17:48Z | https://www.cleveland19.com/prnewswire/2022/07/25/cropx-technologies-helps-farmers-understand-pending-nitrogen-regulations/ | false |
Tim Giago, the founder of the first independently owned Native American newspaper in the United States, has died at age 88, his former wife said.
Giago, who died at Monument Health in Rapid City on Sunday, created an enduring legacy during his more than four decades of work in South Dakota journalism, his colleagues said.
Giago founded The Lakota Times with his first wife, Doris, in 1981, and quickly showed that he wasn't afraid to challenge those in power and advocate for American Indians, she said.
Launching the paper, even years after the 1973 Wounded Knee siege between U.S. marshals and the American Indian Movement, was challenging because wounds still existed on the Pine Ridge Indian Reservation and in South Dakota, Doris Giago said.
Tim Giago blamed the American Indian Movement for violence on the reservation. Windows at the paper were broken and the office was firebombed.
“And through it all, Tim never backed down,” said Doris Giago, who was married to him from 1979 to 1986.
The Lakota Times was eventually renamed Indian Country Today. In a July 2021 interview with the paper, Giago recounted that tense period and “some of the hard things that came out of work.”
"One night got in my pickup and somebody put a bullet through my windshield and just missed my head,” Giago told the newspaper. “So, I mean, if that’s what it took to get the freedom of the press going on the reservation, I guess that’s what it took.”
Giago, a 1990 Nieman Fellow at Harvard University, wrote years later that while he was working as a reporter for the Rapid City Journal, he was bothered by the fact that although he had been born and raised on the Pine Ridge Indian Reservation, he was seldom given an opportunity to do news stories about the people of the reservation.
“One editor told me that I would not be able to be objective in my reporting. I replied, ‘All of your reporters are white. Are they objective when covering the white community?”'
The Giagos started the Lakota Times in a former beauty shop on the reservation, with no real training on the business side of newspapering, Doris Giago recalled.
“They gave us six months to succeed. They didn't think we would last after that. We learned from our mistakes,” she said.
In 1992, he changed the paper’s name to Indian Country Today to reflect its national coverage of Indian news and issues. He sold the paper to the Oneida Nation in 1998.
Two years later he founded The Lakota Journal and in 2009, he founded the Native Sun News, based in Rapid City, South Dakota.
"He always pushed for more, reaching for an even better way to serve Indian people with news. So after Lakota Times it was Indian Country Today. Then Lakota Journal. Then Native Sun News. He never lost his vision about how important it is for a community to have a journalistic recording of itself,” said Mark Trahant, Indian Country Today's editor-at-large.
Giago founded the Native American Journalists Association and served as its first president. He was also the first Native American to be inducted into the South Dakota Newspaper Hall of Fame.
Even though Giago's work had critics, they still respected him “for doing his job and protecting Native people,” Indian Country Today editor Jourdan Bennett-Begaye said.
“Nothing could stop him. What I really admired about him was his fearlessness,” she said.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. | https://wcfcourier.com/news/national/obituaries/tim-giago-trailblazing-native-american-journalist-dies/article_54688eb2-a6c5-5d8d-ae8f-4355cfaa6d39.html | 2022-07-25T21:17:51Z | https://wcfcourier.com/news/national/obituaries/tim-giago-trailblazing-native-american-journalist-dies/article_54688eb2-a6c5-5d8d-ae8f-4355cfaa6d39.html | false |
- Defender Service Awards returns to honor U.S. and Canadian organizations with a customized Land Rover Defender 130 vehicle, along with monetary prizes to further empower their efforts.
- Five Award Categories include: Animal Welfare, Veterans Outreach, Environmental and Conservation, Community Services and Search and Rescue.
- Beginning July 25 and ending September 7, 2022, Land Rover will be accepting video nominations from worthy organizations aligning with one of the five categories.
- To enter, Organizations must submit a video and be U.S.-based 501(c)(3)1 / Canadian registered charity whose efforts fall within one of the five categories outlined in the program
- Chase, the presenting sponsor will be donating $5,000 to each finalist. Category sponsors, including Pelican, Outside Interactive, Inc., dentsu X, ei3 and KONG Company, will donate $25,000 to their respective category winners.
- For information and rules3 on the 'Defender Service Awards' presented by Chase please visit LandRoverUSA.com www.landrover.ca or follow @LandRoverUSA/ @LandRoverCanada on Facebook, Instagram or Twitter
MAHWAH, N.J., July 25, 2022 /PRNewswire/ -- Land Rover today announced the launch of its second annual 'Defender Service Awards' presented by Chase, to celebrate and support U.S. non-profit and Canadian -based charitable organizations that are making a positive impact on their local community. Missions of organizations that align to one of the 5 contest categories of Search and Rescue, Environmental & Conservation, Veterans Outreach, Community Service, and Animal Welfare are encouraged to submit videos on how a new Land Rover Defender would help aid in their organization's mission.
Partners Brands have joined the second annual Defender Service Awards, to further recognize the incredible works of service of these organizations. Chase, as presenting sponsor will be donating $5,000 to each of the 5 finalists, per category for a total of $125,000. Category sponsors include Pelican for Search and Rescue; Outside Interactive, Inc. for Environmental & Conservation; dentsu X for Veterans Outreach, ei3 for Community Service and KONG Company for Animal Welfare. Each category sponsor will donate $25,000 to its respective category winner.
In addition to the monetary prizes, 5 custom Land Rover Defender 130 vehicles will be awarded to each of the category winners. The Defender 130 vehicle is all new for 2023, featuring 3 rows of seating for up to eight people, along with 88.9 cubic feet (2,516 litres) of load capacity, the Defender 130 vehicle is fully capable of assisting these organizations with transporting animals, gear or volunteers. Winning organizations will have the opportunity to outfit their vehicle with select Land Rover accessories, along with a custom exterior design wrap.
"After a successful introduction of the first 'Defender Service Awards' in 2021, we are honored to continue the legacy of recognizing organizations that make a difference in their communities," said Joe Eberhardt, President and CEO, Jaguar Land Rover North America. "This year, along with our presenting sponsor CHASE and five category sponsors, we will be able to reward non-profits with customized Defender 130 vehicles and monetary donations to help further their causes."
"Access to reliable transportation can dramatically help non-profits drive their mission forward" said Jagdeep Dayal, Head of Auto Partnerships at Chase. "Chase is proud to support Land Rover's customers and these community organizations, we can't wait to see what they'll do next."
Entrants can nominate organizations or organizations can nominate themselves by filling out the entry form and submitting an up to three-minute video that details the organization's mission, how it addresses a need in their community and how the Land Rover Defender will help to further their efforts. Land Rover will call for entries through September 7, 2022. Once selected by a panel of qualified judges, finalists' videos will be posted on Land RoverUSA.com and www.landrover.ca for public voting. All winners will be announced by December 1, 2022.
Previous winners of last year's 'Defender Service Awards' include Wolfe County Search and Rescue for Search and Rescue; New York Marine Center for Coastal and Marine Conservation; Humane Society of Independence County for Animal Welfare; Montgomery Emergency Medical Services for First Responders; One Tree Planted for Environmental; Hamptons Community Outreach for Urban Improvement; and Navarre Beach Fire Rescue Inc. for Fire Safety and Response. Each organization was gifted a customized Land Rover Defender 110 to help further their community outreach efforts.
For information on the 'Defender Service Awards' presented by Chase, please visit LandRoverUSA.com or www.landrover.ca or follow @LandRoverUSA/@LandRoverCanada on Facebook, Instagram or Twitter.
1. Organizations must be a US 501(c)(3) non-profit organization or Canadian charitable organization in one of the five (5) Categories specified, be approved by the Internal Revenue Service as a tax-exempt, charitable organization as of July 25, 2022, and maintain its tax-exempt status (i.e., good standing) until the end of the Contest Period. The US 501(c)(3) must be a public charity or a private operating foundation, but not a private foundation
2. All prices shown are Manufacturer's Suggested Retail Price. Excludes $1,350 destination and delivery, tax, title, license, and retailer fees, all due at signing, and optional equipment. Retailer price, terms and vehicle availability may vary. See your local authorized Land Rover Retailer for details.
3. Information and rules on the 'Defender Service Awards' presented by Chase can be found here and Canadian rules here
Note to Editors:
Information about Land Rover North America products is available to consumers at www.landroverusa.com or www.landrover.ca. Visit us.media.landrover.com for news releases, high-resolution photographs and broadcast quality video footage. Additional media updates are available on Facebook (LandRoverUSA) and Twitter (@interactivelr).
About Land Rover
Founded in 1948, Land Rover designs and engineers its vehicles in the United Kingdom. For over 70 years the brand has built a reputation for providing its clientele with some of the most luxurious and capable vehicles in the world; whether driving through the heart of the city or traversing the countryside on- and off-road. Today's Land Rover lineup includes the Defender; Discovery and Discovery Sport; Range Rover, Range Rover Sport, Range Rover Velar and Range Rover Evoque. Land Rover is fully engaged with sustainability initiatives and social concerns with continuous involvement in environmental and community programs. For more information, visit the official Land Rover websites for the USA, www.landroverusa.com or for Canada, www.landrover.ca.
About Jaguar Land Rover: Reimagining the future of modern luxury by design
Jaguar Land Rover is reimagining the future of modern luxury by design through its distinct, British brands.
Our current model range embraces fully electric and mild-hybrid vehicles, as well as the latest gasoline engines. Jaguar and Land Rover vehicles are in demand around the world and in Fiscal 2020/21 we sold 439,588 vehicles in 127 countries. Land Rover is the global leader of luxury SUVs through its three families of Range Rover, Discovery and Defender. Jaguar is the first ever brand to offer a premium all-electric performance SUV, the Jaguar I-PACE.
At heart we are a British company, with two major design and engineering sites, three vehicle manufacturing facilities, an Engine Manufacturing Centre and a Battery Assembly Centre in the UK. We also have vehicle plants in China, Brazil, India, Austria and Slovakia. Three of our seven technology hubs are in the UK – Manchester, Warwick (NAIC) and London – with additional sites in Shannon, Ireland, Portland, USA, Budapest, Hungary and Shanghai, China.
Central to our Reimagine strategy is the electrification of both the Land Rover and Jaguar brands with two clear, distinct personalities. All Jaguar and Land Rover nameplates are anticipated to be available in pure electric form by the end of the decade. This marks the start of the company's journey to become a net zero carbon business across its supply chain, products and operations by 2039.
As a wholly owned subsidiary of Tata Motors since 2008, Jaguar Land Rover has unrivalled access to leading global players in technology and sustainability within the wider Tata Group.
About Chase
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading financial services firm based in the United States with assets of $3.8 trillion and operations worldwide. Chase serves more than 66 million American households and 5 million small businesses with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: More than 4,700 branches in 48 states and the District of Columbia, 16,000 ATMs, mobile, online and by phone. For more information, go to chase.com.
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SOURCE Land Rover | https://www.wbrc.com/prnewswire/2022/07/25/land-rover-launches-second-annual-defender-service-awards-presented-by-chase-honor-us-canadian-organizations-making-difference-their-communities/ | 2022-07-25T21:18:52Z | https://www.wbrc.com/prnewswire/2022/07/25/land-rover-launches-second-annual-defender-service-awards-presented-by-chase-honor-us-canadian-organizations-making-difference-their-communities/ | false |
Total passenger traffic in 2Q22 increased 19.2% compared to 2Q19 and 39.3% YoY
MEXICO CITY, July 25, 2022 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), a leading international airport group with operations in Mexico, the U.S., and Colombia, today announced results for the three- and six-month periods ended June 30, 2022.
2Q22 Highlights1
- Total passenger traffic increased 39.3% year over year (YoY), reflecting the impact of the Covid-19 pandemic, which had affected travel demand since mid-March 2020, and exceeded 2Q19 levels by 19.2%. By country of operations, 2Q22 passenger traffic showed the following recoveries compared to 2Q19 levels:
- Revenues increased 49.4% YoY to Ps.6,319.7 million and by 55.3% compared to 2Q19 revenues. Excluding construction revenues, revenues increased 48.3% YoY and 45.1% against 2Q19.
- Consolidated commercial revenues per passenger were Ps.119.6 in 2Q22.
- Consolidated EBITDA increased 61. 4% YoY to Ps.4,040.6 million and 47.2% compared to 2Q19.
- Adjusted EBITDA Margin (excluding the effect of IFRIC 12) increased to 70.5%, from 64.8% in 2Q21 and 69.5% in 2Q19.
- Cash & cash equivalents of Ps.7,331.1 million at quarter-end and Net Debt-to-LTM EBITDA at 0.4x.
- Principal debt payments of Ps.107.3 million, or approximately 0.9% of Total Debt, mature during the remainder of 2022. Aerostar renegotiated its US$50 million principal amount of 6.75% senior secured notes maturing in May 2035, while Airplan in Colombia made principal payments of Ps.794.5 million in connection with its 12-Year syndicated loan facility with eight banks, with the next principal payment at Airplan due 2025.
- On June 1, 2022 ASUR paid an ordinary and extraordinary net cash dividend for a total of Ps.15.03 per share in relation to its ordinary "B" and "BB" Series shares, representing a total amount of Ps.4,509 million.
2Q22 Earnings Call
Date & Time: Tuesday, July 26, 2022 at 10:00 AM US ET; 9:00 AM CT
Dial-in: 1-888-394-8218 (Toll-Free US & Canada) and 1-323-794-2590 (International & Mexico)
Access Code: 2205298
Replay: Tuesday, July 26, 2022 at 1:00 PM US ET, ending at 11:59 PM US ET on Tuesday, August 2, 2022.
Dial-in number: 1-844-512-2921 (Toll-Free US & Canada); 1-412-317-6671 (International & Mexico). Access Code: 2205298
For a full version of ASUR's Second Quarter 2022 Earnings Release, please visit: http://www.asur.com.mx/en/investor-relations/financial-information.html
Definitions
Concession Services Agreements (IFRIC 12 interpretation). In Mexico and Puerto Rico, ASUR is required by IFRIC 12 to include in its income statement an income line, "Construction Revenues," reflecting the revenue from construction or improvements to concessioned assets made during the relevant period. The same amount is recognized under the expense line "Construction Costs" because ASUR hires third parties to provide construction services. Because equal amounts of Construction Revenues and Construction Costs have been included in ASUR's income statement as a result of the application of IFRIC 12, the amount of Construction Revenues does not have an impact on EBITDA, but it does have an impact on EBITDA Margin. In Colombia, "Construction Revenues" include the recognition of the revenue to which the concessionaire is entitled for carrying out the infrastructure works in the development of the concession, while "Construction Costs" represents the actual costs incurred in the execution of such additions or improvements to the concessioned assets.
Majority Net Income reflects ASUR's equity interests in each of its subsidiaries and therefore excludes the 40% interest in Aerostar that is owned by other shareholders. Other than Aerostar, ASUR owns (directly or indirectly) 100% of its subsidiaries.
EBITDA means net income before provision for taxes, deferred taxes, profit sharing, non-ordinary items, participation in the results of associates, comprehensive financing cost, and depreciation and amortization. EBITDA should not be considered as an alternative to net income, as an indicator of our operating performance or as an alternative to cash flow as an indicator of liquidity. Our management believes that EBITDA provides a useful measure that is widely used by investors and analysts to evaluate our performance and compare it with other companies. EBITDA is not defined under U.S. GAAP or IFRS and may be calculated differently by different companies.
Adjusted EBITDA Margin is calculated by dividing EBITDA by total revenues excluding construction services revenues for Mexico, Puerto Rico, and Colombia and excludes the effect of IFRIC 12 with respect to the construction or improvements to concessioned assets. ASUR is required by IFRIC 12 to include in its income statement an income line reflecting the revenue from construction or improvements to concessioned assets made during the relevant period. The same amount is recognized under the expense line "Construction Costs" because ASUR hires third parties to provide construction services. In Mexico and Puerto Rico, because equal amounts of Construction Revenues and Construction Costs have been included in ASUR's income statement as a result of the application of IFRIC 12, the amount of Construction Revenues does not have an impact on EBITDA, but it does have an impact on EBITDA Margin, as the increase in revenues that relates to Construction Revenues does not result in a corresponding increase in EBITDA. In Colombia, construction revenues do have an impact on EBITDA, as construction revenues include a reasonable margin over the actual cost of construction. Like EBITDA Margin, Adjusted EBITDA Margin should not be considered as an indicator of our operating performance or as an alternative to cash flow as an indicator of liquidity and is not defined under U.S. GAAP or IFRS and may be calculated differently by different companies.
About ASUR
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports in the Americas. These comprise nine airports in southeast Mexico, including Cancun Airport, the most important tourist destination in Mexico, the Caribbean, and Latin America, and six airports in northern Colombia, including José María Córdova International Airport (Rionegro), the second busiest airport in Colombia. ASUR is also a 60% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport serving the capital of Puerto Rico, San Juan. San Juan's Airport is the island's primary gateway for international and mainland-US destinations and was the first and currently the only major airport in the US to have successfully completed a public–private partnership under the FAA Pilot Program. Headquartered in Mexico, ASUR is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares. For more information, visit www.asur.com.mx
Analyst Coverage
In accordance with Article 4.033.01 of the Mexican Stock Exchange Internal Rules, ASUR reports that the stock is covered by the following broker-dealers: Actinver Casa de Bolsa, Banorte, Barclays, BBVA Bancomer, BofA Merrill Lynch, Bradesco, BTG Pactual, Citi Global Markets, Credit Suisse, GBM Grupo Bursatil, Goldman Sachs, HSBC Securities, Insight Investment Research, Itau BBA Securities, JP Morgan, Morgan Stanley, Nau Securities, Punto Research Santander, Scotiabank, UBS Casa de Bolsa and Vector.
Please note that any opinions, estimates or forecasts with respect to the performance of ASUR issued by these analysts reflect their own views, and therefore do not represent the opinions, estimates or forecasts of ASUR or its management. Although ASUR may refer to or distribute such statements, this does not imply that ASUR agrees with or endorses any information, conclusions or recommendations included therein.
Forward Looking Statements
Some of the statements contained in this press release discuss future expectations or state other forward-looking information. Those statements are subject to risks identified in this press release and in ASUR's filings with the SEC. Actual developments could differ significantly from those contemplated in these forward-looking statements. In particular, the impact of the COVID-19 pandemic on global economic conditions and the travel industry, as well as on the business and results of operations of the Company in particular, is expected to be material, and, as conditions are changing rapidly, is difficult to predict. The forward-looking information is based on various factors and was derived using numerous assumptions. Our forward-looking statements speak only as of the date they are made and, except as may be required by applicable law, we do not have an obligation to update or revise them, whether as a result of new information, future or otherwise.
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SOURCE Grupo Aeroportuario del Sureste, S.A.B. de C.V. | https://www.kold.com/prnewswire/2022/07/25/asur-reports-2q22-financial-results/ | 2022-07-25T21:19:45Z | https://www.kold.com/prnewswire/2022/07/25/asur-reports-2q22-financial-results/ | true |
SANTA CRUZ, Calif., July 25, 2022 /PRNewswire/ -- Santa Cruz County Bank (OTCQX: SCZC), today announced the launch of a $5 million Share Repurchase Program. The Bank's Board of Directors authorized the Share Repurchase Program and received the required approvals from the California Department of Financial Protection and Innovation as well as the Federal Deposit Insurance Corporation.
This is the first share buyback program in the history of the Bank. In March 2022, the Bank completed a previously announced 2-for-1 stock split.
"Since our founding, we have continuously aligned the Bank's strategic initiatives with increasing shareholder value," stated Chairman William J. Hansen. "The Board's authorization of this Program is based upon the strength of our balance sheet, our financial performance and continued growth. This Program further demonstrates our commitment to enhancing the value for all stockholders investing in Santa Cruz County Bank."
The Board's authorization for the Program permits the repurchase of up to $5 million of Santa Cruz County Bank common shares in open market and privately-negotiated transactions. Additionally, the Bank entered into contract with Janney Montgomery Scott LLC, a nationally recognized broker dealer, to facilitate repurchases. The Bank intends that all share repurchases will be made in compliance with the Securities Exchange Act of 1934 under rules 10b-18 and 10b5-1. The Stock Repurchase Program, which will expire on May 20, 2023, may be suspended, terminated, or modified at any time without notice. Shares purchased under the program will reduce the number of shares outstanding and will be returned to authorized but unissued status.
The timing and amount of common stock repurchases made pursuant to the Santa Cruz County Bank Share Repurchase Program are subject to various factors, including the Bank's capital position, liquidity, financial performance, alternative uses of capital, stock trading price, regulatory requirements and general market conditions. The repurchase program does not obligate the Bank to acquire any particular number of shares, and the repurchase program may be suspended or discontinued at any time at the Bank's discretion.
ABOUT SANTA CRUZ COUNTY BANK
Santa Cruz County Bank was founded in 2004. Locally-owned and operated, Santa Cruz County Bank is a full-service community bank headquartered in Santa Cruz, California. The bank has branches in Aptos, Capitola, Cupertino, Monterey, Santa Cruz, Scotts Valley and Watsonville. Santa Cruz County Bank is distinguished from "big banks" by its relationship-based service, problem-solving focus and direct access to decision makers. The bank is a leading SBA lender in Santa Cruz County and Silicon Valley and a top USDA lender in the state of California. The bank's many awards include: eight consecutive years in American Banker's Top 200 Community Banks in the Nation: Bauer Financial Superior 5-Star rating for every quarter in 2021: six consecutive years in Financial Management Consulting Group's Top 10 banks in California and ranked 13 out of 127 California banks based upon overall financial performance in 2021. As a full-service bank, Santa Cruz County Bank offers competitive deposit and lending solutions for businesses and individuals; including business loans, lines of credit, commercial real estate financing, construction lending, agricultural loans, SBA and USDA government guaranteed loans, asset-based lending, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment and treasury management. True to its community roots, Santa Cruz County Bank has supported regional well-being by actively participating in and donating to local not-for-profit organizations.
Santa Cruz County Bank stock is publicly traded on the OTCQX U.S. Premier marketplace under the symbol SCZC. Stock purchase orders may be placed online, through a brokerage firm, or through Market Makers listed in the Investor Relations section of the bank's website. For more information about Santa Cruz County Bank, visit www.sccountybank.com.
This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the Bank is conducting its operations, including the real estate market in California and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
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SOURCE Santa Cruz County Bank | https://www.wbrc.com/prnewswire/2022/07/25/santa-cruz-county-bank-announces-5-million-share-repurchase-program/ | 2022-07-25T21:20:06Z | https://www.wbrc.com/prnewswire/2022/07/25/santa-cruz-county-bank-announces-5-million-share-repurchase-program/ | false |
Department of Transportation worker stabbed to death by ex-wife at worksite, authorities say
MURPHYSBORO, Ill. (KFVS/Gray News) - The ex-wife of an Illinois Department of Transportation worker is accused of stabbing him to death at a work zone, according to authorities.
Illinois officials said IDOT worker Edward Stallman was in an altercation with his ex-wife, 41-year-old Alexis Stallman, when she stabbed him, resulting in his death.
In a release, the Jackson County Sheriff’s Office said it had investigated what was first thought to be a crash death at a work zone in Murphysboro, Illinois, on July 20.
The officers reportedly determined Edward Stallman’s death was a murder later based on the injuries to the victim’s body.
Jackson County State’s Attorney Joseph Cervantez told KFVS both Alexis and Edward Stallman had reportedly been in a virtual family court hearing before the ex-husband’s death.
Cervantez said the evidence shows that Alexis Stallman drove out to the worksite, where she and her husband got into an altercation. He said there was some confusion in whether it happened in the vehicle or at the job site.
What’s not confusing, Cervantez says, is how Edward Stallman died. An autopsy revealed he’d been stabbed in the chest with some kind of blade.
The Jackson County Sheriff’s Office said Alexis Stallman has been charged with three counts of first degree murder and one count of aggravated domestic battery.
She is being held at the Jackson County Jail with bond set at $2 million.
Alexis Stallman is scheduled to make a first appearance before the court on July 22.
If convicted, she faces up to 60 years in prison.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wlbt.com/2022/07/25/department-transportation-worker-stabbed-death-by-ex-wife-worksite-authorities-say/ | 2022-07-25T21:20:17Z | https://www.wlbt.com/2022/07/25/department-transportation-worker-stabbed-death-by-ex-wife-worksite-authorities-say/ | false |
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JACKSON, Miss. (AP) — A former federal prosecutor investigating millions in misspent welfare dollars in Mississippi has been dropped from the case by the state agency that hired him.
The state Department of Human Resources will find a new lawyer to replace Brad Pigott, a former U.S. attorney recruited roughly a year ago to help recoup $77 million in welfare funds identified by the state auditor.
The decision to remove Pigott as lead attorney in the civil case was first reported by Mississippi Today, a nonprofit digital news operation that has reported extensively on the welfare scandal. Pigott said he was fired about a week after he filed a subpoena for records from the University of Southern Mississippi Athletic Foundation.
Pigott was seeking records related to $5 million in welfare money the university foundation received to build a volleyball stadium, and included communications between the foundation and former Mississippi Gov. Phil Bryant.
“All I did, and I believe all that caused me to be terminated from representing the department or having anything to do with the litigation, was to try to get the truth about all of that,” Pigott told Mississippi Today.
Shad White, Mississippi's state auditor, has said the welfare fraud his office uncovered amounts to the state's largest public corruption case in two decades. He criticized the decision to drop Pigott.
“Firing Pigott is a mistake,” White posted Saturday on Twitter. He added: “Pigott worked well with my office, communicating regularly with us about the status of the case and how we could share information.”
Robert Anderson, executive director of the Department of Human Services, said in a statement that Pigott's contract expires at the end of July and won't be renewed, news outlets reported.
In a statement, Anderson said Pigott had filed “an extensive subpoena” seeking records from the athletic foundation “without any prior discussion” with Human Services officials.
“Attorneys represent clients, and MDHS is the client in this case," Anderson said. "I hope I don’t need to explain that an attorney needs to remain in close communication with his client at all times.”
Earlier this month, U.S. Rep. Bennie Thompson, a Mississippi Democrat, asked the Justice Department to investigate Bryant in connection with the welfare fraud case.
The congressman's request came after a defendant in the case said in a court document that she steered $1.1 million in welfare money to former NFL star Brett Favre at the direction of Bryant. The former governor, a Republican, has denied the accusations.
The allegation was made by Nancy New, who pleaded guilty in April along with her son, Zachary New, to charges of misusing public money. The mother and son, who ran a nonprofit group and an education company in Mississippi, have agreed to testify against others.
Favre has not been charged with any criminal wrongdoing and has repaid the money. He has said that he didn’t know the money he received came from welfare funds, and has denied the auditor’s allegations that he was paid for events he didn’t attend. | https://www.expressnews.com/news/article/Mississippi-drops-attorney-investigating-welfare-17328030.php | 2022-07-25T21:20:47Z | https://www.expressnews.com/news/article/Mississippi-drops-attorney-investigating-welfare-17328030.php | false |
ALBANY, N.Y. (WIVB) — New York Gov. Kathy Hochul announced Monday that the State Office of Renewable Energy Siting has approved a permit to Hecate Energy Cider Solar LLC to develop a 500-megawatt solar facility in the towns of Oakfield and Elba.
This is the fifth major renewable energy facility approved since 2020 and will be the largest solar facility in the state. Once it is completed, the facility is expected to generate clean energy to power more than 125,000 area homes, which will result in a reduction of around 462,000 tons of CO2 annually.
The project is expected to provide approximately $30 million in new revenue to the county, town and school district and will create 495 jobs.
“Today’s announcement is a significant step in reducing our dependence on fossil fuels and further cements New York as a national leader in the fight to combat climate change,” Gov. Hochul said. “This project brings New York closer to not just meeting but exceeding our goal of maintaining 70 percent of our electricity from renewable resources while creating well-paying green jobs — creating a greener, more prosperous Empire State for generations to come.”
To see the full permit and more information, click here.
Aidan Joly joined the News 4 staff in 2022. He is a graduate of Canisius College. You can see more of his work here. | https://www.wivb.com/news/local-news/western-new-york/genesee-county/hochul-announces-approval-of-nys-largest-solar-facility-in-genesee-county/ | 2022-07-25T21:21:05Z | https://www.wivb.com/news/local-news/western-new-york/genesee-county/hochul-announces-approval-of-nys-largest-solar-facility-in-genesee-county/ | true |
The NFL is offering more ways for fans to watch football games. The league launched its streaming service, NFL+, on Monday.
NFL+ will give consumers access to live local regular season and postseason games on their phones or tablets. They will also get access to audio of games that are not in their market.
"Today marks an important day in the history of the National Football League with the launch of NFL+," said NFL Commissioner Roger Goodell. "The passionate and dedicated football fans are the lifeblood of the NFL, and being able to reach and interact with them across multiple platforms is incredibly important to us."
The service costs $4.99 a month or $39.99 a year. Fans can upgrade to NFL+ Premium for $9.99 a month or $79.99 a year.
NFL+ Premium offers all of the features of NFL+ as well as game replays and the All-22 feature, which allows fans to study the game like coaches.
The NFL's regular season kicks off on Sept. 8. | https://www.kbzk.com/news/national/nfl-launches-streaming-service | 2022-07-25T21:21:49Z | https://www.kbzk.com/news/national/nfl-launches-streaming-service | true |
Mission-Driven Nonprofits Partner to Preserve Affordability of Magnolia Plaza Senior Apartments
Amid Housing Affordability Crisis, Rising Rents Leave Low-Income Seniors on Fixed-Incomes Susceptible To Housing Insecurity
NEW YORK, July 25, 2022 /PRNewswire/ -- CPC Mortgage Company, a mission-driven nonprofit mortgage lender, and BRIDGE Housing, a leading nonprofit developer, owner and manager of affordable housing in California, Oregon and Washington, announced $19.4 million in financing to refinance and preserve the Magnolia Plaza Senior Apartments. Located at 630 Baden Avenue in South San Francisco, CA, the property provides 125 units of affordable housing for low-income senior citizens.
According to reports, the senior citizen population is one of the fastest growing in the country, with seniors facing higher cost burdens as they age. With many seniors living on lower, fixed incomes, they often face a difficult choice of either paying the rising costs of rent or paying for other necessities, putting them at increased risk of housing instability.
"As a nonprofit lender, we look at deals through a lens of social impact. Every borrower and every transaction has the potential to help us continue to invest in communities," said John Cannon, President, CPC Mortgage Company. "Partnering with a company like BRIDGE Housing that shares our values and is committed to lifting up the communities they serve was a natural fit. We're proud that BRIDGE chose CPC Mortgage Company to provide the financing that allows them continue their work of bringing safe, quality affordable housing to the communities they serve."
"For seniors, particularly those with lower incomes, it makes all the difference in the world to have a stable, affordable home," said Ken Lombard, President and CEO of BRIDGE. "We're grateful for the innovative partnership with CPC Mortgage Company, which will help us preserve and enhance Magnolia Plaza's affordability for the long term."
"It was a pleasure to work with Jonathan Stern and BRIDGE's acquisition and capital market teams to help facilitate the purchase and preservation of this legacy asset," said David Galst, Vice President and Mortgage Officer at CPC Mortgage Company's California office. "Complex, affordable transactions with expedited timeframes can be particularly challenging to get to the closing table. The partnership between CPC Mortgage Company and BRIDGE, two nonprofits with extensive experience in affordable housing, helped make the process and execution of both the bridge and perm loan much smoother."
Built in 1988, the property is a 125‐unit, garden‐style apartment building that is age restricted to seniors age 62 and over. While there is a current requirement that 63 units be income-restricted to residents with incomes at or below 80% area median income, BRIDGE has initially restricted 84 of the units to 80% AMI or lower, and expects to be able to increase this number going forward.
The complex provides elevators, laundry facilities, community room, library, computer lab, and landscaped garden walkways. Magnolia Plaza Senior Apartments is adjacent to an architecturally distinguished surplussed school building, which was renovated by the City of South San Francisco as a senior center for the residents of both the development and the larger community. The complex includes a historic reconstruction of the city's original one-room schoolhouse as a project office and community room.
BRIDGE was a member of the original enterprise that constructed Magnolia Plaza Senior Apartments in 1988, and recently purchased the property from the remaining partners. The Community Preservation Corporation (CPC), the nonprofit parent company of CPC Mortgage Company, extended a $19.4 million bridge loan that was essential to BRIDGE's acquisition of the property due to an expedited closing timeline and the complex structure of the transaction. The first mortgage financing CPC Mortgage Company is providing via a Freddie Mac Targeted Affordable Housing loan that is refinancing the CPC bridge loan, providing BRIDGE with flexibility to resyndicate the property in the future.
The partnership between BRIDGE and CPC Mortgage Company brings together two unique mission-driven organizations, an owner-investor and a lender, that each focus on creating a social impact through responsible investments in multifamily housing. CPC Mortgage Company provides access to affordable and flexible mortgage products that are critical for multifamily building owners to maintain the physical and financial health, and the affordability of their properties. BRIDGE is a mission-driven nonprofit that pays close attention to the double-bottom line of financial and social return on investment, always in pursuit of quality, quantity, affordability and in keeping with its core values.
CPC Mortgage Company is a subsidiary of The Community Preservation Corporation (CPC), an S&P AA- rated, nonprofit multifamily finance company that has delivered more than $12.5 billion to finance more than 220,000 units of affordable and workforce housing. As the only nonprofit mortgage lender with a suite of Freddie Mac, Fannie Mae and HUD/FHA nationally licensed products, CPC Mortgage Company brings its flexible capital and unique expertise to borrowers and communities to expand and preserve affordable and workforce housing. Revenue generated from CPC Mortgage Company supports the mission-aligned work of CPC to create a positive social impact through investments in housing and community development. Visit us at communityp.com/mortgagecompany
BRIDGE Housing Corporation, a leading nonprofit developer and owner of affordable housing, creates and manages a range of high-quality, affordable homes for families and seniors in California, Oregon and Washington. Since it was founded in 1983, BRIDGE has participated in the development of more than 18,000 homes. For more information, visit www.bridgehousing.com
Contact:
Jordyn Leon
785-979-5775
jordyn.leon@berlinrosen.com
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SOURCE Community Preservation Corporation | https://www.wflx.com/prnewswire/2022/07/25/cpc-mortgage-company-bridge-housing-close-194-million-refi-preserve-125-units-affordable-senior-housing-south-san-francisco/ | 2022-07-25T21:21:58Z | https://www.wflx.com/prnewswire/2022/07/25/cpc-mortgage-company-bridge-housing-close-194-million-refi-preserve-125-units-affordable-senior-housing-south-san-francisco/ | true |
City officials have reopened Bismarck's 26th Street from Main Avenue through Broadway Avenue.
The stretch was to be closed to traffic through Wednesday for work on the railroad tracks across 26th Street. That work has been postponed, the city said Monday. | https://bismarcktribune.com/news/local/city-reopens-26th-street/article_57d92f64-0c54-11ed-b2be-17a79736a092.html | 2022-07-25T21:24:57Z | https://bismarcktribune.com/news/local/city-reopens-26th-street/article_57d92f64-0c54-11ed-b2be-17a79736a092.html | true |
SACRAMENTO (AP) _ The winning numbers in Monday afternoon's drawing of the California Lottery's "Daily 3 Midday" game were:
4-6-4
(four, six, four)
SACRAMENTO (AP) _ The winning numbers in Monday afternoon's drawing of the California Lottery's "Daily 3 Midday" game were:
4-6-4
(four, six, four) | https://www.ncadvertiser.com/lottery/article/Winning-numbers-drawn-in-Daily-3-Midday-game-17327942.php | 2022-07-25T21:29:53Z | https://www.ncadvertiser.com/lottery/article/Winning-numbers-drawn-in-Daily-3-Midday-game-17327942.php | true |
TOPANGA, Calif. — Authorities in California say actor Jason Momoa was uninjured after he was involved in a head-on collision with a motorcycle on Sunday in Topanga.
According to California Highway Patrol, around 10:55 a.m., a motorcyclist driving westbound on Old Topanga Road crossed over the double yellow lines and ran into Momoa's vehicle, USA Today reported.
KTLA reported the motorcyclist, 21-year-old Vitaliy Avagimyan was ejected from his bike.
TMZ reported the "Aquaman" man star flagged down a motorist to call 911.
Troopers said Avagimyan was transported to a nearby hospital with minor, non-life-threatening injuries, the news outlets reported.
According to CHP, Momoa was not injured, the news outlets reported.
The cause of the crash remains under investigation. | https://www.abcactionnews.com/entertainment/actor-momoa-uninjured-after-head-on-collision-with-motorcycle | 2022-07-25T21:30:05Z | https://www.abcactionnews.com/entertainment/actor-momoa-uninjured-after-head-on-collision-with-motorcycle | true |
Shares of Evergy Inc.
EVRG,
+1.00%
inched 1.00% higher to $64.95 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
SPX,
+0.13%
rising 0.13% to 3,966.84 and the Dow Jones Industrial Average
DJIA,
+0.28%
rising 0.28% to 31,990.04. This was the stock's third consecutive day of gains. Evergy Inc. closed $8.18 short of its 52-week high ($73.13), which the company achieved on April 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as NextEra Energy Inc.
NEE,
+0.91%
rose 0.91% to $80.98, Dominion Energy Inc.
D,
+1.62%
rose 1.62% to $78.60, and Southern Co.
SO,
+1.04%
rose 1.04% to $72.69. Trading volume (853,458) remained 328,957 below its 50-day average volume of 1.2 M.
Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use. | https://www.marketwatch.com/story/evergy-inc-stock-outperforms-market-on-strong-trading-day-01658782336-d383b5859090 | 2022-07-25T21:30:33Z | https://www.marketwatch.com/story/evergy-inc-stock-outperforms-market-on-strong-trading-day-01658782336-d383b5859090 | false |
MEDFORD TOWNSHIP, N.J. — New Jersey firefighters and volunteers worked for close to nine hours this past weekend to free a dog stuck in a drain pipe for over a week.
Medford Township Police Department said fire crews, officers, and volunteers were able to rescue 8-year-old coonhound Dylan on Sunday.
NJ.com reported the dog had been missing since July 15 after he got out of his foster home.
News12 reported the dog's foster owner found the dog Saturday stuck 150 feet into an 18-inch storm drain pipe.
WPVI reported that crews began digging around 7 p.m. Once they reached the pipe, they started banging on it to get the dog to crawl to the firefighters.
By 1 a.m. Sunday, the dog was freed, WPVI reported.
According to the police department, the dog was transported to Mount Laurel Animal Hospital, where he is expected to make a full recovery. | https://www.abcactionnews.com/news/national/dog-freed-after-being-trapt-for-1-week-inside-new-jersey-drain-pipe | 2022-07-25T21:31:00Z | https://www.abcactionnews.com/news/national/dog-freed-after-being-trapt-for-1-week-inside-new-jersey-drain-pipe | true |
Consolidated Results of Operations - Three-Month Periods Ended June 30, 2022 and 2021:
KING OF PRUSSIA, Pa., July 25, 2022 /PRNewswire/ -- Universal Health Realty Income Trust (NYSE:UHT) announced today that for the three-month period ended June 30, 2022, net income was $5.2 million, or $.38 per diluted share, as compared to $6.6 million, or $.48 per diluted share, during the second quarter of 2021.
As calculated on the attached Schedule of Non-GAAP Supplemental Information ("Supplemental Schedule"), our funds from operations ("FFO"), were $12.2 million, or $.88 per diluted share, during the second quarter of 2022, as compared to $12.6 million, or $.92 per diluted share, during the second quarter of 2021.
Our financial results for the three-month period ended June 30, 2021 included a gain of $1.3 million, or $.09 per diluted share, related to the sale of certain real estate assets. After adjusting the reported net income for the three-month period ended June 30, 2021 for the $1.3 million gain, as computed on the Supplemental Schedule, our adjusted net income was $5.3 million, or $.39 per diluted share, during the second quarter of 2021.
The decrease in our adjusted net income of $99,000, or $.01 per diluted share, during the second quarter of 2022, as compared to the second quarter of 2021, was due primarily to: (i) a decrease of $737,000, or $.05 per diluted share, related to a vacant specialty hospital located in Chicago, Illinois, on which, as discussed below, the lease expired on December 31, 2021; (ii) a decrease of $184,000, or $.01 per diluted share, resulting from an increase in interest expense primarily due to increased borrowings and an increase in our borrowing rate; partially offset by; (iii) a net increase of $341,000, or $.02 per diluted share, resulting from the asset purchase and sale agreement with Universal Health Services, Inc. ("UHS") that occurred on December 31, 2021; (iv) an increase of $335,000, or $.02 per diluted share, resulting from the impact of the fair market value lease renewal on Wellington Regional Medical Center, which became effective on January 1, 2022, and; (v) an increase of $146,000, or $.01 per diluted share, resulting from an aggregate net increase in the income generated at various properties.
During the second quarter of 2022, as compared to the second quarter of 2021, our FFO decreased $450,000, or $.04 per diluted share. The decrease was due to the above-mentioned $99,000, or $.01 per diluted share, decrease in adjusted net income experienced during the second quarter of 2022, as compared to the second quarter of 2021, as well as a $351,000 decrease in depreciation and amortization expense incurred on our consolidated and unconsolidated investments.
Consolidated Results of Operations - Six-Month Periods Ended June 30, 2022 and 2021:
For the six-month period ended June 30, 2022, net income was $10.6 million, or $0.77 per diluted share, as compared to $12.2 million, or $.89 per diluted share during the first six months of 2021.
As calculated on the Supplemental Schedule, our FFO were $24.6 million, or $1.78 per diluted share, during the first six months of 2022, as compared to $25.4 million, or $1.84 per diluted share, during the first six months of 2021.
After adjusting the reported results for the six-month period ended June 30, 2021 for the above-mentioned $1.3 million gain recorded during the second quarter of 2021, as computed on the Supplemental Schedule, our adjusted net income was $10.9 million, or $.79 per diluted share during the first six months of 2021.
The decrease in our adjusted net income of $280,000, or $.02 per diluted share, during the first six months of 2022, as compared to the comparable period of 2021, was primarily due to: (i) a decrease of $1.6 million, or $.12 per diluted share, related to a vacant specialty hospital located in Chicago, Illinois, on which, as discussed below, the lease expired on December 31, 2021; (ii) a decrease of $273,000, or $.02 per diluted share, resulting from an increase in interest expense primarily due to increased borrowings and an increase in our borrowing rate; partially offset by; (iii) a net increase of $666,000, or $.05 per diluted share, resulting from the asset purchase and sale agreement with UHS that occurred on December 31, 2021; (iv) an increase of $670,000, or $.05 per diluted share, resulting from the impact of the fair market value lease renewal on Wellington Regional Medical Center, which became effective on January 1, 2022, and; (v) an increase of $278,000, or $.02 per diluted share, resulting from an aggregate net increase in the income generated at various properties.
During the first six months of 2022, as compared to the comparable period of 2021, our FFO decreased $776,000, or $.06 per diluted share. The decrease was due to the above-mentioned $280,000, or $.02 per diluted share, decrease in adjusted net income experienced during the first six months of 2022, as compared to the first six months of 2021, as well as a $496,000 decrease in depreciation and amortization expense incurred on our consolidated and unconsolidated investments.
Dividend Information:
The second quarter dividend of $.71 per share, or $9.8 million in the aggregate, was declared on June 8, 2022 and paid on June 30, 2022.
Capital Resources Information:
At June 30, 2022 we had $284.3 million of borrowings outstanding pursuant to the terms of our $375 million revolving credit agreement and $87.5 million of available borrowing capacity as of that date, net of outstanding borrowings and letters of credit.
Vacant Specialty Facilities:
As previously disclosed, the lease on the specialty hospital located in Chicago, Illinois, expired on December 31, 2021 and the facility is currently vacant. During the three and six-months ended June 30, 2021, we earned $390,000 and $780,000, respectively, of lease revenue in connection with this property. The operating expenses incurred by us in connection with this facility during the three and six-months ended June 30, 2022 were $347,000 and $840,000, respectively. Prior to 2022, the former tenant was responsible for the operating expenses on this facility. Pursuant to the terms of the lease that expired in December, 2021, we earned approximately $1.6 million of lease revenue during the 2021 full year.
We estimate that the aggregate operating expenses for the three vacant specialty facilities, including the facility located in Chicago, Illinois, as well as facilities located in Evansville, Indiana, and Corpus Christi, Texas (which have been vacant since 2019), will approximate $1.3 million during the remaining six months of 2022. Future operating expenses related to these facilities will be incurred by us during the time they remain owned and vacant. We continue to market these specialty facilities to potential interested parties. However, should these properties continue to remain vacant for an extended period of time, or should we incur substantial renovation costs to make the properties suitable for other operators/tenants, our future results of operations could be materially unfavorably impacted.
General Information, Forward-Looking Statements and Risk Factors and Non-GAAP Financial Measures:
Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human-service related facilities including acute care hospitals, behavioral health care hospitals, specialty facilities, medical/office buildings, free-standing emergency departments and childcare centers. We have investments or commitments in seventy-six properties located in twenty-one states.
This press release contains forward-looking statements based on current management expectations. Numerous factors, including those disclosed herein, those related to the potential impact of COVID-19 on our financial results, as well as the operations and financial results of each of our tenants, those related to healthcare industry trends and those detailed in our filings with the Securities and Exchange Commission (as set forth in Item 1A-Risk Factors and in Item 7-Forward-Looking Statements in our Form 10-K for the year ended December 31, 2021 and in Item 7-Forward-Looking Statements and Certain Risk Factors in our Form 10-Q for the quarter ended March 31, 2022), may cause the results to differ materially from those anticipated in the forward-looking statements. Readers should not place undue reliance on such forward-looking statements which reflect management's view only as of the date hereof. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Many of the factors that could affect our future results are beyond our control or ability to predict, including the impact of the COVID-19 pandemic. Future operations and financial results of our tenants, and in turn ours, could be materially impacted by various developments including those related to COVID-19. Such developments include, but are not limited to, decreases in staffing availability and related increases to wage expense experienced by our tenants resulting from the nationwide shortage of nurses and other clinical staff and support personnel, the impact of government and administrative regulation and stimulus on the health care industry; declining patient volumes and unfavorable changes in payer mix caused by deteriorating macroeconomic conditions (including increases in uninsured and underinsured patients as the result of business closings and layoffs); potential disruptions related to supplies required for our tenants' employees and patients; and potential increases to other expenditures. Due to COVID-19 restrictions and its impact on the economy, we may experience a decrease in prospective tenants which could unfavorably impact the volume of new leases, as well as the renewal rate of existing leases. The COVID-19 pandemic may delay our construction projects which could result in increased costs and delay the timing of opening and rental payments from those projects, although no such delays have yet occurred. The COVID-19 pandemic could also impact our indebtedness and the ability to refinance such indebtedness on acceptable terms, as well as risks associated with disruptions in the financial markets and the business of financial institutions as the result of the COVID-19 pandemic, which could impact us from a financing perspective; and changes in general economic conditions nationally and regionally in the markets where our properties are located resulting from the COVID-19 pandemic. We are not able to quantify the impact that these factors will have on our future operations, but developments related to the COVID-19 pandemic could have a material adverse impact on our future financial results.
We believe that, if and when applicable, adjusted net income and adjusted net income per diluted share (as reflected on the Supplemental Schedule), which are non-GAAP financial measures ("GAAP" is Generally Accepted Accounting Principles in the United States of America), are helpful to our investors as measures of our operating performance. In addition, we believe that, when applicable, comparing and discussing our financial results based on these measures, as calculated, is helpful to our investors since it neutralizes the effect in each year of material items that are non-recurring or non-operational in nature including items such as, but not limited to, gains on transactions.
Funds from operations ("FFO") is a widely recognized measure of performance for Real Estate Investment Trusts ("REITs"). We believe that FFO and FFO per diluted share, which are non-GAAP financial measures, are helpful to our investors as measures of our operating performance. We compute FFO, as reflected on the attached Supplemental Schedules, in accordance with standards established by the National Association of Real Estate Investment Trusts ("NAREIT"), which may not be comparable to FFO reported by other REITs that do not compute FFO in accordance with the NAREIT definition, or that interpret the NAREIT definition differently than we interpret the definition. FFO adjusts for the effects of certain items, such as gains on transactions that occurred during the periods presented. FFO does not represent cash generated from operating activities in accordance with GAAP and should not be considered to be an alternative to net income determined in accordance with GAAP. In addition, FFO should not be used as: (i) an indication of our financial performance determined in accordance with GAAP; (ii) an alternative to cash flow from operating activities determined in accordance with GAAP; (iii) a measure of our liquidity, or; (iv) an indicator of funds available for our cash needs, including our ability to make cash distributions to shareholders. A reconciliation of our reported net income to FFO is reflected on the Supplemental Schedules included below.
To obtain a complete understanding of our financial performance these measures should be examined in connection with net income, determined in accordance with GAAP, as presented in the condensed consolidated financial statements and notes thereto in this report or in our other filings with the Securities and Exchange Commission including our Report on Form 10-K for the year ended December 31, 2021 and our Report on Form 10-Q for the quarter ended March 31, 2022. Since the items included or excluded from these measures are significant components in understanding and assessing financial performance under GAAP, these measures should not be considered to be alternatives to net income as a measure of our operating performance or profitability. Since these measures, as presented, are not determined in accordance with GAAP and are thus susceptible to varying calculations, they may not be comparable to other similarly titled measures of other companies. Investors are encouraged to use GAAP measures when evaluating our financial performance.
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SOURCE Universal Health Realty Income Trust | https://www.wymt.com/prnewswire/2022/07/25/universal-health-realty-income-trust-reports-2022-second-quarter-financial-results/ | 2022-07-25T21:32:30Z | https://www.wymt.com/prnewswire/2022/07/25/universal-health-realty-income-trust-reports-2022-second-quarter-financial-results/ | true |
WFO MIDLAND/ODESSA Warnings, Watches and Advisories for Monday, July 25, 2022
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FLASH FLOOD WARNING
Flash Flood Statement
National Weather Service Midland/Odessa TX
246 PM CDT Mon Jul 25 2022
...FLASH FLOOD WARNING REMAINS IN EFFECT UNTIL 430 PM CDT THIS
AFTERNOON FOR NORTH CENTRAL JEFF DAVIS COUNTY...
At 246 PM CDT, Doppler radar indicated thunderstorms producing heavy
rain across the warned area. Between 1.5 and 2 inches of rain have
fallen. Flash flooding is ongoing or expected to begin shortly.
HAZARD...Flash flooding caused by thunderstorms.
SOURCE...Radar.
IMPACT...Flash flooding of small creeks and streams, urban areas,
highways, streets and underpasses as well as other poor
drainage and low-lying areas.
Some locations that will experience flash flooding include...
mainly rural areas of North Central Jeff Davis County
This includes the following streams and drainages...
Ninemile Draw, Madera Canyon and Cherry Creek.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
Please report observed flooding to local emergency services or law
enforcement and request they pass this information to the National
Weather Service when you can do so safely.
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Copyright 2022 AccuWeather | https://www.stamfordadvocate.com/weather/article/TX-WFO-MIDLAND-ODESSA-Warnings-Watches-and-17327867.php | 2022-07-25T21:35:06Z | https://www.stamfordadvocate.com/weather/article/TX-WFO-MIDLAND-ODESSA-Warnings-Watches-and-17327867.php | true |
IRVING, Texas, July 25, 2022 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) will release second quarter 2022 financial results on Tuesday, Aug. 9, 2022. A press release will be issued via PR Newswire and available at 5 p.m. ET. Additionally, a slide presentation will be available on the investor relations section of the company's website at http://www.darlingii.com.
Randall C. Stuewe, Chairman and Chief Executive Officer, and Brad Phillips, Executive Vice President and Chief Financial Officer, will host a teleconference and webcast at 9 a.m. ET, Wednesday, Aug. 10, 2022.
Due to historically high call volume, the company is offering participants the opportunity to register in advance for the conference through the following link: https://dpregister.com/sreg/10169154/f3a6e5cbb6
Registered participants will receive an email with a calendar reminder and a dial-in number and PIN that will allow them immediate access to the call on Aug. 10, 2022.
Participants who do not wish to pre-register for the call may dial in using 844-868-8847 (U.S. callers), or 412-317-6593 (international callers) and ask for the "Darling Ingredients" call. A replay will be available two hours after completion of the call through August 17, 2022. To access the replay, please dial 877-344-7529 (U.S. callers), 855-669-9658 (Canada) and 412-317-0088 (International callers) and reference passcode 8664057. The live webcast and archived replay also can be accessed on the Company's web site at http://ir.darlingii.com.
About Darling
Darling Ingredients Inc. (NYSE: DAR) is the largest publicly traded company turning edible by-products and food waste into sustainable products and a leading producer of renewable energy. Recognized as a sustainability leader, the company operates more than 250 plants in 17 countries and repurposes approximately 15% of the world's meat industry waste streams into value-added products, such as green energy, renewable diesel, collagen, fertilizer, animal proteins and meals and pet food ingredients. To learn more, visit darlingii.com. Follow us on LinkedIn.
Contact:
Suann Guthrie
VP, Investor Relations, Sustainability & Communications
(469) 214-8202
suann.guthrie@darlingii.com
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NPR's Mary Louise Kelly speaks with Rep. Elissa Slotkin, D-Mich., about her trip to Ukraine with a bipartisan Congressional delegation and meeting with President Zelenskyy.
Copyright 2022 NPR
NPR's Mary Louise Kelly speaks with Rep. Elissa Slotkin, D-Mich., about her trip to Ukraine with a bipartisan Congressional delegation and meeting with President Zelenskyy.
Copyright 2022 NPR | https://www.kcbx.org/2022-07-25/rep-elissa-slotkin-on-her-visit-to-ukraine-and-meeting-with-president-zelenskyy | 2022-07-25T21:43:44Z | https://www.kcbx.org/2022-07-25/rep-elissa-slotkin-on-her-visit-to-ukraine-and-meeting-with-president-zelenskyy | false |
LUTZ, Fla. (AP) _ TRxADE HEALTH, Inc. (MEDS) on Monday reported a loss of $1.1 million in its second quarter.
The Lutz, Florida-based company said it had a loss of 13 cents per share.
The company posted revenue of $3.3 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEDS at https://www.zacks.com/ap/MEDS | https://www.ourmidland.com/business/article/TRxADE-Q2-Earnings-Snapshot-17328072.php | 2022-07-25T21:46:17Z | https://www.ourmidland.com/business/article/TRxADE-Q2-Earnings-Snapshot-17328072.php | false |
Joni Mitchell returns to Newport Folk Festival By Gabe O'Connor, Matt Ozug Published July 25, 2022 at 5:08 PM EDT Facebook Twitter LinkedIn Email For the first time since 2000, folk legend Joni Mitchell took to the stage with some friends, to the delight of fans at the Newport Folk Festival. Copyright 2022 NPR | https://www.wvpublic.org/2022-07-25/joni-mitchell-returns-to-newport-folk-festival | 2022-07-25T21:47:08Z | https://www.wvpublic.org/2022-07-25/joni-mitchell-returns-to-newport-folk-festival | true |
NEW YORK, July 13, 2022 /PRNewswire/ -- Figue announced a partnership with the coveted East Hampton restaurant Moby's, which is celebrating its 10th year. Moby's hosts will be dressed in Figue to greet their guests every weekend. Each hosts will identify pieces aligned with their personality and style, which will highlight Figue's versatility as well as the diversity and effortlessness of the collection.
CEO and Creative Director Liz Lange said "It is wonderful to have Figue at Moby's, my favorite restaurant in the Hamptons. Our collections and inspirations have always been intertwined with my Hamptons lifestyle and aesthetics and the relaxed atmosphere, hip crowd and great food at Moby's makes it a delightful place to see some of the pieces."
Founded in New York City in 2012 and acquired by current CEO and Creative Director, Liz Lange, in December 2020, Figue is a dreamy combination of luxe and laid back. Figue's free spirit-meets-sophisticate line of ready-to-wear, handbags, footwear, accessories and home design is proudly infused with bohemian gorgeousness. Our soulful spirit and global sensibility are expressed through our mix of unique prints, layered textures, pom poms, hand-cut tassels and artisanal beadwork. Welcome to the multi-colored magic of Figue.
@figuelove #figuelove #summeroffigue
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CINCINNATI (AP) _ Medpace Holdings Inc. (MEDP) on Monday reported second-quarter earnings of $49.4 million.
On a per-share basis, the Cincinnati-based company said it had net income of $1.46.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The provider of outsourced clinical development services posted revenue of $351.2 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $346.7 million.
Medpace expects full-year earnings to be $6.07 to $6.36 per share, with revenue in the range of $1.41 billion to $1.44 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEDP at https://www.zacks.com/ap/MEDP | https://www.beaumontenterprise.com/business/article/Medpace-Q2-Earnings-Snapshot-17328021.php | 2022-07-25T21:49:50Z | https://www.beaumontenterprise.com/business/article/Medpace-Q2-Earnings-Snapshot-17328021.php | true |
Alexandria Real Estate Equities, Inc. Reports: 2Q22 and 1H22 Net Income per Share - Diluted of $1.67 and $0.74, respectively; and 2Q22 and 1H22 FFO per Share - Diluted, As Adjusted, of $2.10 and $4.15, respectively
Published: Jul. 25, 2022 at 4:10 PM EDT|Updated: 2 hours ago
PASADENA, Calif., July 25, 2022 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced financial and operating results for the second quarter ended June 30, 2022.
Ringing of the New York Stock Exchange Opening Bell to celebrate our 25th anniversary
In celebration of our 25th anniversary as a publicly traded company, we recently rang The Opening Bell® at the New York Stock Exchange to mark this momentous milestone. From our initial public offering on May 27, 1997 through May 27, 2022, we have generated a total stockholder return ("TSR") of 1,902%, assuming reinvestment of dividends, substantially outperforming the MSCI U.S. REIT Index TSR of 803% and the FTSE Nareit Equity Office Index TSR of 457%.
A REIT industry-leading high-quality roster of over 1,000 tenants with high-quality revenues and cash flows, strong margins, and operational excellence
Record rental rate increases and continued historic high leasing volume
For 2Q22, rental rate increases of 45.4% and 33.9% (cash basis) represent the second- highest and the highest quarterly increases in Company history, respectively.
During 2Q22, we executed 2,279,758 RSF of leasing activity, representing the third-highest quarter of leasing volume in Company history; 87% of this leasing activity was generated from a roster of over 1,000 tenants and other relationships.
Continued strong net operating income and internal growth
Net operating income (cash basis) of $1.6 billion for 2Q22 annualized, up $315.5 million, or 24.3%, compared to 2Q21 annualized.
Strong valuations for partial interest sale and dispositions
During 2Q22, we completed a partial interest sale and dispositions aggregating $548.7 million, including:
Sale of a 70% interest in 300 Third Street in our Cambridge/Inner Suburbs submarket for a sales price of $166.5 million, or $1,802 per RSF, representing capitalization rates of 4.6% and 4.3% (cash basis).
Sale of 12 properties in our Route 128 and Route 495 suburban submarkets of Greater Boston for an aggregate sales price of $334.4 million, or $542 per RSF, representing a capitalization rate (cash basis) of 5.1%.
Strong and flexible balance sheet with significant liquidity as of June 30, 2022
Investment-grade credit ratings ranked in the top 10% among all publicly traded U.S. REITs.
Net debt and preferred stock to Adjusted EBITDA of 5.5x and fixed-charge coverage ratio of 5.1x for 2Q22 annualized.
Total debt and preferred stock to gross assets of 28%.
98.3% of our debt has a fixed rate.
13.6 years weighted-average remaining term of debt.
$5.5 billion of liquidity.
Continued high demand for Alexandria's brand drives visibility for future growth aggregating $665 million of incremental annual rental revenue
Our highly leased value-creation pipeline of current and key near-term projects that are under construction or that will commence construction in the next six quarters is expected to generate greater than $665 million of incremental annual rental revenue, primarily commencing from 3Q22 through 2Q25.
7.8 million RSF of our value-creation projects, which are 78% leased/negotiating, are either under construction or expected to commence construction in the next six quarters.
Continued dividend strategy to share growth in cash flows with stockholders
Common stock dividend declared for 2Q22 of $1.18 per common share, aggregating $4.60 per common share for the twelve months ended June 30, 2022, up 24 cents, or 6%, over the twelve months ended June 30, 2021. Our FFO payout ratio of 56% for the three months ended June 30, 2022 allows us to continue to share growth in cash flows from operating activities with our stockholders while also retaining a significant portion for reinvestment.
Seventh overall Nareit Investor CARE Award winner
We received the 2022 Nareit Investor CARE (Communications and Reporting Excellence) Silver Award in the Large Cap Equity REIT category for superior shareholder communications and reporting. This represents our fifth consecutive and seventh overall Nareit Investor CARE Award since 2015, demonstrating consistency in delivering best-in-class transparency, quality, and efficiency in communications and reporting to the investment community.
Key items included in operating results
External growth and investment in real estate
Delivery and commencement of value-creation projects
During 2Q22, we placed into service development and redevelopment projects aggregating 375,394 RSF across multiple submarkets.
80% of construction costs related to active development and redevelopment projects aggregating 5.9 million RSF are under a guaranteed maximum price ("GMP") contract or other fixed contracts. Our budgets also include construction cost contingencies in GMP contracts plus additional landlord contingencies that generally range between 3% and 5%.
Annual net operating income (cash basis) is expected to increase by $39 million upon the burn-off of initial free rent from recently delivered projects.
During 2Q22, we commenced construction on six value-creation projects aggregating 917,599 RSF, including the following development projects:
As of 2Q22, our highly leased value-creation pipeline of current and key near-term projects that are under construction or that will commence construction in the next six quarters aggregates 7.8 million RSF and is 78% leased/negotiating.
Alexandria is at the vanguard of innovation for a high-quality roster of over 1,000 tenants, with a focus on accommodating their current needs and providing them with a path for future growth
Reduced the upper end of our range of 2022 guidance for acquisitions by $750 million to a range from $2.6 billion to $2.8 billion.
During 2Q22, we completed acquisitions in our key life science cluster submarkets aggregating 1.1 million RSF of future development and redevelopment opportunities for an aggregate purchase price of $280.1 million.
Balance sheet management
Key metrics as of June 30, 2022
$33.7 billion in total market capitalization.
$23.4 billion in total equity capitalization, which ranks in the top 10% among all publicly traded U.S. REITs.
No debt maturities prior to 2025.
13.6 years weighted-average remaining term of debt.
Key capital events
During 2Q22, we entered into new forward equity sales agreements aggregating $403.4 million to sell 2.4 million shares under our ATM program at an average price of $169.38 per share (before underwriting discounts). As of June 30, 2022, the remaining aggregate amount available under our ATM program for future sales of common stock was $246.6 million.
During 2Q22, we did not issue shares to settle our outstanding forward equity agreements. We expect to issue an aggregate of 9.0 million shares at an average price of $187.91 per share to settle all our outstanding forward equity sales agreements and receive net proceeds of approximately $1.7 billion in 2H22.
In April 2022, we repaid two secured notes payable aggregating $195.0 million due in 2024 with an effective interest rate of 3.40%. As a result, we recognized a loss on early extinguishment of debt of $3.3 million.
Investments
As of June 30, 2022:
Subsequent event
On July 1, 2022, Stephen A. Richardson, our Co-Chief Executive Officer, tendered his resignation from all of his positions with the Company and its subsidiaries, effective July 31, 2022, and notified the Company of his intent to retire from full-time employment and his professional career for family and personal reasons.
Industry and ESG leadership: catalyzing and leading the way for positive change to benefit human health and society
In June 2022, we released our 2021 ESG Report, which highlights our longstanding ESG leadership. The report details our efforts to advance our ESG impact, including by driving high-performance building design and operations to reduce carbon emissions, mitigating climate-related risk in our real estate portfolio, and investing in and providing essential infrastructure for sustainable agrifoodtech companies. It also showcases Alexandria's comprehensive efforts to catalyze the health, wellness, safety, and productivity of our employees, tenants, local communities, and the world through the built environment and beyond, including through our visionary social responsibility endeavors. Notable initiatives presented in the report that highlight our innovative approach include:
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office REIT, is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, agtech, and technology campuses in AAA innovation cluster locations, with a total market capitalization of $33.7 billion and an asset base in North America of 74.1 million SF as of June 30, 2022. The asset base in North America includes 41.1 million RSF of operating properties and 5.9 million RSF of Class A properties undergoing construction, 9.9 million RSF of near-term and intermediate-term development and redevelopment projects, and 17.2 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech, and technology campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, agtech, and technology companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value. For additional information on Alexandria, please visit www.are.com.
Guidance June 30, 2022 (Dollars in millions)
The following updated guidance is based on our current view of existing market conditions and assumptions for the year ending December 31, 2022. There can be no assurance that actual amounts will not be materially higher or lower than these expectations. Also, refer to our discussion of "forward-looking statements" on page 8 of this Earnings Press Release for additional details.
Key changes to our guidance include the reduction of an aggregate $635 million to our uses of capital, comprising a $350 million reduction in acquisitions and a $285 million reduction in construction spending. This reduction was offset by construction spending from January through June 2022, which increased by $335 million to slightly above the high end of our previous guidance range, as a result of construction spending associated with the leasing of our development and redevelopment projects under construction and our near-term pipeline projects. In addition, the midpoint of our guidance for funds from operations per share, as adjusted increased by three cents driven by strong same property performance and general and administrative savings in 2H22 resulting from the retirement of Stephen A. Richardson, our Co-Chief Executive Officer.
Earnings Call Information and About the Company June 30, 2022
We will host a conference call on Tuesday, July 26, 2022, at 3:00 p.m. Eastern Time ("ET")/noon Pacific Time ("PT"), which is open to the general public, to discuss our financial and operating results for the second quarter ended June 30, 2022. To participate in this conference call, dial (833) 366-1125 or (412) 902-6738 shortly before 3:00 p.m. ET/noon PT and ask the operator to join the call for Alexandria Real Estate Equities, Inc. The audio webcast can be accessed at www.are.com in the "For Investors" section. A replay of the call will be available for a limited time from 5:00 p.m. ET/2:00 p.m. PT on Tuesday, July 26, 2022. The replay number is (877) 344-7529 or (412) 317-0088, and the access code is 7939670.
Additionally, a copy of this Earnings Press Release and Supplemental Information for the second quarter ended June 30, 2022 is available in the "For Investors" section of our website at www.are.com or by following this link: https://www.are.com/fs/2022q2.pdf.
For any questions, please contact Joel S. Marcus, executive chairman and founder; Peter M. Moglia, co-chief executive officer and co-chief investment officer; Stephen A. Richardson, co-chief executive officer; Dean A. Shigenaga, president and chief financial officer; Paula Schwartz, managing director of Rx Communications Group, at (917) 633-7790; or Sara M. Kabakoff, vice president – communications, at (626) 578-0777.
About the Company
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, agtech, and technology campuses in AAA innovation cluster locations, with a total market capitalization of $33.7 billion and an asset base in North America of 74.1 million square feet ("SF") as of June 30, 2022. The asset base in North America includes 41.1 million RSF of operating properties and 5.9 million RSF of Class A properties undergoing construction, 9.9 million RSF of near-term and intermediate-term development and redevelopment projects, and 17.2 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech, and technology campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, agtech, and technology companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value. For additional information on Alexandria, please visit www.are.com.
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This document includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding our 2022 earnings per share attributable to Alexandria's common stockholders – diluted, 2022 funds from operations per share attributable to Alexandria's common stockholders – diluted, net operating income, and our projected sources and uses of capital. You can identify the forward-looking statements by their use of forward-looking words, such as "forecast," "guidance," "goals," "projects," "estimates," "anticipates," "believes," "expects," "intends," "may," "plans," "seeks," "should," "targets," or "will," or the negative of those words or similar words. These forward-looking statements are based on our current expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts, as well as a number of assumptions concerning future events. There can be no assurance that actual results will not be materially higher or lower than these expectations. These statements are subject to risks, uncertainties, assumptions, and other important factors that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, without limitation, our failure to obtain capital (debt, construction financing, and/or equity) or refinance debt maturities, lower than expected yields, increased interest rates and operating costs, adverse economic or real estate developments in our markets, our failure to successfully place into service and lease any properties undergoing development or redevelopment and our existing space held for future development or redevelopment (including new properties acquired for that purpose), our failure to successfully operate or lease acquired properties, decreased rental rates, increased vacancy rates or failure to renew or replace expiring leases, defaults on or non-renewal of leases by tenants, adverse general and local economic conditions, an unfavorable capital market environment, decreased leasing activity or lease renewals, failure to obtain LEED and other healthy building certifications and efficiencies, and other risks and uncertainties detailed in our filings with the Securities and Exchange Commission ("SEC"). Accordingly, you are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements are made as of the date of this Earnings Press Release and Supplemental Information, and unless otherwise stated, we assume no obligation to update this information and expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in our forward-looking statements, and risks to our business in general, please refer to our SEC filings, including our most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q.
Alexandria®, Lighthouse Design® logo, Building the Future of Life-Changing Innovation®, That's What's in Our DNA®, At the Vanguard and Heart of the Life Science Ecosystem™, Alexandria Center®, Alexandria Technology Square®, Alexandria Technology Center®, and Alexandria Innovation Center® are copyrights and trademarks of Alexandria Real Estate Equities, Inc. All other company names, trademarks, and logos referenced herein are the property of their respective owners.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/25/alexandria-real-estate-equities-inc-reports-2q22-1h22-net-income-per-share-diluted-167-074-respectively-2q22-1h22-ffo-per-share-diluted-adjusted-210-415-respectively/ | 2022-07-25T21:50:03Z | https://www.mysuncoast.com/prnewswire/2022/07/25/alexandria-real-estate-equities-inc-reports-2q22-1h22-net-income-per-share-diluted-167-074-respectively-2q22-1h22-ffo-per-share-diluted-adjusted-210-415-respectively/ | false |
LAS VEGAS, July 25, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2022 as well as second quarter 2022.
"Total revenue for the second quarter was roughly $629 million, up 28 percent from 2019," stated Drew Wells, senior vice president, revenue. "Demand strength persisted throughout the quarter resulting in TRASM increases of over 15 percent, year over three-year, on capacity growth in excess of 13 percent, when compared with 2019. The month of June was particularly strong with TRASM up roughly 20 percent for the month, year over three-year. July TRASM is currently trending in-line with June yielding similar year over three-year percentage increases. In addition, we expect July's load factor to come in slightly higher than June's result of 90 percent."
"Second quarter CASM, excluding fuel and 2022 employee recognition bonus, was up 14 percent year over three-year, in-line with our prior guidance," stated Gregory Anderson, executive vice president, chief financial officer. "Our fuel cost per gallon was $4.32, slightly above our previous guidance. This increase in fuel price coupled with a slight reduction in fuel efficiency from the first quarter, attributable to a more than eight-point increase in load factor, resulted in roughly $9 million in incremental fuel expense for the quarter. Based on the above results, we expect an earnings per share, excluding 2022 employee recognition bonus, of roughly $0.62 for the second quarter."
*Total system includes scheduled service and fixed fee contract. System revenue passenger miles and system load factor are not useful statistics as system available seat miles include both ASMs flown by fixed fee flying as well as non-revenue producing repositioning flights used for operational needs. Fixed fee flying is better measured through dollar contribution versus operational statistics.
Allegiant Travel Company
Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant's all-Airbus fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF
ALGT/G
Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.
For further information please visit the company's investor website: http://ir.allegiantair.com
Reference to the Company's website above does not constitute incorporation of any of the information thereon into this news release.
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SOURCE Allegiant Travel Company | https://www.mysuncoast.com/prnewswire/2022/07/25/allegiant-reports-june-2022-traffic/ | 2022-07-25T21:50:10Z | https://www.mysuncoast.com/prnewswire/2022/07/25/allegiant-reports-june-2022-traffic/ | false |
SALT LAKE CITY, July 25, 2022 /PRNewswire/ -- ARUP Laboratories today announced that it has begun in-house testing for monkeypox. The Orthopoxvirus (includes monkeypox virus) by PCR test (test code 3005716) is a real-time polymerase chain reaction (RT-PCR) test to detect the DNA of orthopoxviruses, including monkeypox.
ARUP's test is similar to the CDC assay that other laboratories have begun offering to address overflow testing in public health laboratories and to heighten the national response to monkeypox, a rare infection characterized by fever, head and muscle aches, swollen lymph nodes, and a rash that resembles pimples or blisters. The ARUP test differs from the CDC assay in that it has been validated for both dry-swab specimen collection and for collection using viral transport media. Specimens are easier to collect and transport when viral transport media can be used.
In addition, ARUP's laboratory-developed test has been validated for an automated specimen extraction method and can be performed on high-throughput instruments to optimize workflow efficiency, decrease turnaround times, and enable rapid scaling of testing capacity if needed.
"Since the initial outbreak of monkeypox in the United States, ARUP has actively participated with the CDC and other national reference laboratories in formulating an appropriate national response," said Tracy George, MD, ARUP president and chief scientific officer. "We are well prepared and deeply committed to support the needs of public health laboratories and our hospital and health system clients nationwide to help manage this outbreak."
ARUP's test will also be submitted for New York Department of Health approval. During this approval process, ARUP will continue to offer monkeypox testing to New York clients through a referral partner.
ARUP also continues to perform all medically relevant tests, with the exception of viral cultures, to help provide a differential diagnosis for individuals suspected or confirmed to have monkeypox.
For more information about monkeypox testing at ARUP, visit Frequently Asked Questions on aruplab.com, or the ARUP Consult Monkeypox topic. The latest CDC information about monkeypox is available here.
About ARUP Laboratories
Founded in 1984, ARUP Laboratories is a leading national reference laboratory and a nonprofit enterprise of the University of Utah and its Department of Pathology. ARUP offers more than 3,000 tests and test combinations, ranging from routine screening tests to esoteric molecular and genetic assays. ARUP serves clients across the United States, including many of the nation's top university teaching hospitals and children's hospitals, as well as multihospital groups, major commercial laboratories, group purchasing organizations, military and other government facilities, and major clinics. In addition, ARUP is a worldwide leader in innovative laboratory research and development, led by the efforts of the ARUP Institute for Clinical and Experimental Pathology®. ARUP is ISO 15189 CAP accredited.
ARUP Media Contact
Lisa Carricaburu, media@aruplab.com, 801-541-5041
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SOURCE ARUP Laboratories | https://www.mysuncoast.com/prnewswire/2022/07/25/arups-new-monkeypox-test-can-be-performed-more-specimen-types-high-throughput-instruments/ | 2022-07-25T21:50:17Z | https://www.mysuncoast.com/prnewswire/2022/07/25/arups-new-monkeypox-test-can-be-performed-more-specimen-types-high-throughput-instruments/ | true |
Updated July 25, 2022 at 4:19 PM ET
Bob Rafelson, the maverick producer/writer/director who rode the counterculture groundswell of the 1960s and '70s as deftly as anyone in Hollywood, died on Saturday at his home in Aspen, Colo. He was 89.
He spent his career upending conventions, though his breakthrough project didn't suggest he'd do that. When your showbiz calling-card is that you helped invent a TV boy-band to spoof the Beatles, nobody expects you to turn around and pioneer a whole new filmmaking style.
Still, it was his success as co-creator of The Monkees that helped bankroll the production company that made him a central figure of what was known as the American New Wave.
In just a few years, Rafelson's company produced Dennis Hopper's groundbreaking Easy Rider, Peter Bogdanovich's black and white masterwork The Last Picture Show, the Oscar-winning Vietnam documentary Hearts and Minds, and Rafelson's own road-trip film, Five Easy Pieces, probably best known for a scene in which Jack Nicholson finds a complicated work-around for a roadside diner's no-substitutions policy.
Though that widely imitated scene is comic, Five Easy Pieces is something of a tragicomedy – the story of a once-brilliant classical pianist who's been knocking around as a rough-mannered oil-rigger, but is caught up short by the news that his father is dying. The film, for which Rafelson came up with the story, is subtle and thoughtful, with something of Chekhov to it. And it brought out a vulnerability in Nicholson that feels, in retrospect, like a revelation.
Five Easy Pieces was nominated for four Oscars, including Best Actor for Nicholson, and best picture and screenplay for Rafelson. And it served as a model for the sort of independent, introspective films these two men would specialize in — six in all, including a remake of The Postman Always Rings Twice, based on the noir novel by James M. Caine. In Postman, Rafelson teamed his leading man with Jessica Lange, who was having trouble getting substantial roles after her debut in the remake of King Kong. Also on the set was a young first-time screenwriter named David Mamet.
Though the film was reasonably well received, Rafelson's career, by that time, was mostly in the rear-view mirror. Postman was the last film he produced, and though he continued writing and directing for two more decades, none of his later projects connected with audiences as his early work had.
Still, as a nurturer of indie talent, and a producer who turned the actors and writers he worked with into stars, his influence has long outlived his presence on Hollywood backlots.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.nepm.org/2022-07-24/bob-rafelson-five-easy-pieces-director-and-the-monkees-co-creator-has-died | 2022-07-25T21:50:51Z | https://www.nepm.org/2022-07-24/bob-rafelson-five-easy-pieces-director-and-the-monkees-co-creator-has-died | true |
FORT WORTH, Texas (AP) _ Range Resources Corp. (RRC) on Monday reported second-quarter profit of $452.9 million.
The Fort Worth, Texas-based company said it had profit of $1.77 per share. Earnings, adjusted for non-recurring gains, were $1.27 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The independent oil and gas company posted revenue of $1.23 billion in the period. Its adjusted revenue was $1.06 billion, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $980.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RRC at https://www.zacks.com/ap/RRC | https://www.beaumontenterprise.com/business/article/Range-Resources-Q2-Earnings-Snapshot-17328114.php | 2022-07-25T21:51:05Z | https://www.beaumontenterprise.com/business/article/Range-Resources-Q2-Earnings-Snapshot-17328114.php | false |
Far too many people aren’t set up for retirement. There are a number of reasons that contribute to this, but one of the leading obstacles to achieving financial freedom is, unsurprisingly, debt.
If we look back to the period from 2000 to 2007, the economy really heated up. Then the great recession hit, and the wheels started to come off. An important part of this story involves taking into consideration what happened with student debt. Since the start of the great recession, student debt has skyrocketed. According to the board of governors of the Federal Reserve system, during this time student debt has more than tripled.
Here is where things went wrong for a lot of people. People were losing their jobs, and some of the popular remedies being thrown out into the discussion were “Go back to school, learn a new trade, switch career fields, or get an MBA!” The problem was that people didn’t have jobs, so they didn’t have the money to pay for tuition. They had to borrow, which put them further in debt without any income coming in while they were back in school.
There’s No “Good” Kind of Debt – Debt is Debt
It is compelling to compare student debt with credit card debt during the great recession. Credit card debt dropped during much of the time, while student debt did the opposite. What makes matters so much worse (and is a dirty secret of debt in our country) is that you can’t get rid of student debt the way you can get rid of other kinds of debt.
Unlike in the case of student debt, you could max out your credit cards by going to Las Vegas. You could gamble up a storm, have a blowout party weekend, spend all kinds of money, and put it all on your credit card. Then, if your credit card debt is below $50,000, you can bankrupt that credit card. However, if you have a $50,000 student debt, you can’t bankrupt that debt. Sure, some politicians talk about forgiving student debt, but so far it is just talk. There are some programs out there that can forgive certain amounts of student debt for teaching or public service, but you cannot bankrupt it away. That’s with you forever.
How Debt Impacts Life Decisions
Something many don’t stop to consider, when seemingly making decisions that are supposed to improve their lifestyle (e.g., acquiring more education), is how that student loan debt impacts homeownership rates. When student debt goes up, homeownership gets pushed down, leading to young people not being able to afford to buy a home. The result is they have to rent.
Let’s flip this around. This means you have a lot of people looking for houses to rent, which creates a need in the marketplace. This means you should be a landlord. You might think that’s crazy—a real leap of logic. But homeownership among young people is at its lowest point in three generations. The young are renting. Period. What does that tell you? It tells me that debt has caused a severe situation. Student debt has a direct correlation to homeownership rates going down. If that’s not financial imprisonment, then I don’t know what is. They just forced you to become somebody who leases property from somebody else. I don’t know what else to call that. Sorry, if you are renting because you have to, you’re a captive.
And so it goes with debt in all its forms. When you are beholden to another, that is imprisonment. When the presence of that debt precludes you from making strategic financial decisions, that is imprisonment. Learn more about how to dig out from under the debt you have in your life – even what was considered “good debt” – in order to experience the financial freedom you deserve. | https://www.forbes.com/sites/forbesbooksauthors/2022/07/25/understanding-the-true-burden-of-debt-to-your-financial-freedom/ | 2022-07-25T21:51:32Z | https://www.forbes.com/sites/forbesbooksauthors/2022/07/25/understanding-the-true-burden-of-debt-to-your-financial-freedom/ | true |
New Neighborhood Coworking Company Founded by Former WeWork Execs Opens On-Demand, Enterprise-Grade Workspot in Harrison, NY
HARRISON, N.Y., July 25, 2022 /PRNewswire/ -- Daybase, the hybrid work company, today launched its first Westchester location in Harrison, NY, bringing a new neighborhood-based work experience to local residents and businesses.
The 5,000-square-foot street-level retail space offers members a variety of space types, both bookable and unassigned, designed for individual and group work activities. The spaces are available completely on-demand, with bookable spaces reservable by the hour through the Daybase mobile app.
The founders of Daybase were joined by Harrison Mayor Richard Dioniso, along with other Harrison and County officials for a ribbon-cutting and tour of the new space. It is located at 326 Halstead Avenue on the ground level of the AvalonBay apartment complex.
The company, launched by a team of former WeWork executives, is developing a network of its on-demand workspots in neighborhoods and communities across the country, to create a purpose-built third space, between home and the office, for the post-pandemic hybrid or remote worker.
"We created Daybase for the times when your office is too far, but home is too close," said Daybase CEO Joel Steinhaus. "Employees are rejecting a return to the five-day commute. However, they need a place that offers the functionality of the office, with the convenience of being down the street and available when they need it. In Harrison, we are excited to serve residents and local businesses. The opening of our first Westchester location represents step one in our long-term plan to build a national network of close-to-home workspots."
"To have Daybase, a hybrid working facility, available in Harrison will be a great opportunity for our residents and those who work remotely to connect and network with their neighbors, colleagues, local business people and entrepreneurs. We are thrilled to have a designated co-working space in Town and this will be a great addition to downtown Harrison and local businesses alike," said Harrison Supervisor/Mayor Richard Dionisio
Daybase offers members unlimited access to the Daylounge, with additional credits available for bookable spaces. The Daylounge has open, unassigned seating for quick tasks and casual conversations, while bookable spaces serve a set of activities that have proliferated during the pandemic — quiet study space for focus work, private space for video conferencing, and larger configurations for group collaborations. Non-members can also book time at Daybase through the app.
Partnering with AvalonBay Communities on the new location, Daybase is responding to the growing demand for flexible work space within multi-family, mixed-use, and retail developments across Westchester and the country.
"We are excited to welcome Daybase to Avalon Harrison," said Jeff Topchik, Vice President of Retail for AvalonBay Communities. "Daybase's model of creating a localized option of high-quality, professional-grade coworking space aligns with our vision of providing an amenity-rich environment for our residents to work, live, and experience. Daybase is a fantastic addition to our community."
Founded in 2020 in New York City, Daybase is a new model designed to create a seamless hybrid work experience. Created by a team of seasoned executives with experience in enterprise workplace solutions, design, architecture, technology, construction, finance, and real estate, Daybase offers a network of professional-grade, on-demand workspots, located close to home, in neighborhoods and communities across the country. For more information, please visit www.daybase.co.
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SOURCE Daybase | https://www.mysuncoast.com/prnewswire/2022/07/25/daybase-opens-first-hybrid-work-location-westchester/ | 2022-07-25T21:51:45Z | https://www.mysuncoast.com/prnewswire/2022/07/25/daybase-opens-first-hybrid-work-location-westchester/ | true |
As Europe experiences hot summers, it is no surprise that fires have popped in many regions. Two of the worst emerged right outside of Bordeaux, near the seaside community of the Bay of Arcachon. The fires began on July 12th and have burned thousands of hectares of forest in Gironde.
According to local reporting from the prefect of the region of the Gironde, as of Monday the 25th the fires were under control outside of Cap Ferret. The fire in in La Teste-de-Buch had been extinguished and the Landiras the fire seemed to contained but not yet put out.
The same public relations agency said that no new, “No new permits could be granted today to allow evacuees to return to their homes [in Landiras].”
Smoke could be smelled in Paris and Bordeaux and the fires could be seen from more than 40 kilometers away. Since the beginning of the crisis, 36,750 people had been evacuated. The area is home to many beachside retreats for the Southern French, as well as camp grounds and hiking opportunities in La Teste-de-Buch, an enormous green lung of a park on the outskirts of Cap Ferret.
Close to 1,700 French firefighters were battling the flames at their apex, in an unfortunate pattern that keeps repeating itself throughout much of wine country in Europe and the West Coast of the United States.
What the Analysts Say
Not everyone thinks the smoke will affect the fall harvest in many regions of Bordeaux. According to Alexis Weill, a senior advisor at Rothschild & Co. based in Paris, the “harvest should start mid-August for some whites [not the late-harvest wines] and beginning of Sept for the reds.”
He also intimated that the fire in Landiras was intentionally set, as sadly often happen in many wine regions of the world. That includes the disastrous Almeda Fire in Southern Oregon in the summer of 2020 which destroyed homes across the Southern half of the state.
The second fire, Weill added, destroyed “a 2000-year-old forest,” that was beloved by local residents near Cap Ferret. He goes on to note that there have been, “No fires in Gironde for 30 years. We never thought it was possible….usually, it’s Spain, Portugal or the South of France, not the Southwest.”
Nea Berglund, an owner of Château Carsin in Rions, Bordeaux, located fairly far from the fires, notes that, “It's heartbreaking and devastating to see friends leave behind their homes not knowing when you can get back.” In addition, Youmna Asseily, an owner of Château Biac in Langoiran, compared the smoke rising above her property to bad smog in London in the 1960s.
One can only hope that the fires dissipate as soon as possible. | https://www.forbes.com/sites/lizazimmerman/2022/07/25/fires-south-of-bordeaux-continue-to-improve/ | 2022-07-25T21:51:52Z | https://www.forbes.com/sites/lizazimmerman/2022/07/25/fires-south-of-bordeaux-continue-to-improve/ | false |
TAMPA, Fla. (AP) — When former President Donald Trump took the stage before a crowd of more than 5,000 young conservative activists in Tampa this weekend, he received the rock star’s welcome he’s grown accustomed to over the seven years in which he’s reshaped the Republican Party.
One night earlier, it was Florida Gov. Ron DeSantis who had the crowd on its feet as he headlined the day’s program at Turning Point USA’s annual Student Action Summit.
“To be honest, it’s like choosing between your favorite child,” said Leo Milik, 19, who lives in Barrington, Illinois, when asked whom he’d like to see as the party’s next nominee.
Milik, wearing a “Trump was Right” baseball cap, said both Republicans “have their pros, they have their cons.” For now, he said, he’s leaning toward Trump.
That sentiment reflects the soul searching underway inside the GOP as an invisible primary for the 2024 presidential nomination begins to take shape, dominated at least for the moment by Trump and DeSantis.
There’s little doubt that Trump is moving closer to announcing a third presidential campaign. But there’s genuine debate over whether he’s the party’s best candidate to take on President Joe Biden, who is otherwise seen as a vulnerable incumbent heading into the next campaign, weighed down by soaring inflation, sinking popularity and questions about his capacity to manage the U.S. into his 80s.
This summer’s hearings by the House committee investigating the deadly Jan. 6 insurrection have only amplified the GOP’s anxiety about Trump. A pair of weekend editorials in the New York Post and Wall Street Journal — publications owned by the often Trump-friendly Rupert Murdoch — underscored the impact, castigating the former president for refusing to call off the mob of his supporters as they stormed the U.S. Capitol to halt the peaceful transfer of power.
“As a matter of principle, as a matter of character, Trump has proven himself unworthy to be this country’s chief executive again,” wrote the New York Post.
But inside the Tampa Convention Center, mentions of Jan. 6 elicited cheers as a who’s who of Trump’s “MAGA movement” took the stage in a room that had the feel of a Las Vegas nightclub.
Young attendees dressed in sparkly heels and candy-colored cowboy boots danced under laser lights to a DJ before the program began. Speakers were introduced with WWE-style videos, elaborate pyrotechnics and smoke displays. Throughout the venue, ring lights were placed strategically in front of logoed backdrops for flattering photo ops. Outside, a small group of neo-Nazis briefly waved swastika flags.
The top draw was Trump, who again teased his future plans.
“I ran twice. I won twice and did much better the second time … and now we may just have to do it again,” he said to thundering cheers and chants of “Take it back!”
During his speech, Trump appeared intent to address criticism from some corners of the party that he is too focused on relitigating the 2020 election, telling the crowd he wanted to talk about “some of the really big issues.” But he quickly returned to familiar grievances, labeling himself the most persecuted politician in the nation’s history as he inched ever closer to announcing a run.
“If I renounced my beliefs, if I agreed to stay silent, if I stayed home, if I announced that I was not going to run for office, the persecution of Donald Trump would immediately stop,” he said. “But that’s what they want me to do. And you know what? There’s no chance I do that.”
DeSantis, who often insists he is focused solely on reelection as governor, headlined Friday night’s program in an appearance that strongly suggested his ambitions extend beyond the state.
He welcomed the crowd to the “free state of Florida” and highlighted the anti-COVID mitigation policies that made him a conservative hero during the height of the pandemic. And he bragged about his efforts to bar discussions of race and sexual orientation in Florida classrooms, as well as his battles with Disney.
“We’ve accomplished an awful lot in the state of Florida. But we have only begun to fight,” he said. “Because we are on a mission to keep the state of Florida free and to save our great country.”
An unscientific straw poll of attendees at the event found that 78.7% would vote for Trump in a GOP primary, with DeSantis coming in second with 19%. No other potential candidate came in above 1 percent.
And many were indeed all in on a Trump 2024 run.
“I love the idea, I absolutely do,” said Ryan Malone, 33, who recently moved from New York to Florida. While he is a big fan of DeSantis, he argued that Trump is best positioned to turn the country around from what he sees as Biden’s litany of failures.
“I think that he would get more done,” he said. “Again, I love DeSantis, he’s my 1A, right? But I do think that if we’re going to get out of this miserable period that we’re in, Trump is the guy to get us out of this hole.”
Still, he worried about what might happen if the two were to run against each other in a GOP primary.
“I wouldn’t want to see there be bad blood between the person who’s, like, the true leader of our party and then the person who’s, you know, the second coming,” he said.
But his wife, Dr. Mariuxi Viteri Malone, 33, is eager for DeSantis to run. As an immigrant from Ecuador, she said she was offended by Trump’s rhetoric toward Hispanics.
“Be nice!” he said. “That’s all you need to do.”
Others were more strategic in their thinking.
Cameron Lilly, 29, said that he personally likes DeSantis better than Trump, but nonetheless thinks another Trump run makes sense for the party.
“I think Ron DeSantis right now is wasting the one more chance that Trump has,” said Lilly, who works for a defense contractor in Annapolis, Maryland. “I like DeSantis even a little bit more. But I think if we want to have consistent conservatives in the White House, one more Trump term, DeSantis as vice president, and then potentially one or two more terms. That’s the way to keep conservatives in the White House for more years.”
Steven Dykstra, 22, had another reason.
“As much as I want DeSantis to be the president — he would make a great president — I want him to stay in Florida,” said Dykstra, who attends Pasco-Hernando State College. “If he were to run in 2024, he wouldn’t be our governor. He’s been a great governor. I think he should stay.”
Orlando sisters Sydney and Janae Kinne, who go by “The Patriot Sisters” online, said they were fans of both Trump and DeSantis, but don’t expect either to run in 2024.
“I would still vote for him. We’re still there. But I would like to see him in a different seat this year,” said Janae, 23, of Trump. “If he runs, I mean, we’re going to be on the street rooting for him anyways. But we’d like to see him start to raise up other people who have the same mentality.”
Sydney, 21, said she was looking for an alternative, but wasn’t sure who.
“That’s the question of the hour,” she said. “Right now what we need is someone that, yes, is strong, they’re strong-willed, but someone that’s a little more kind of rallying everyone together.”
But Zachary Roberson, 22, said that, if he ever had to choose between Trump and DeSantis, he’d pick the Florida governor.
“He seems like a more refined version of Trump. So I’m hoping he runs for president,” said Roberson, a student at Florida Gulf Coast University.
As for Trump, Roberson suggested: “You can run for governor here in Florida.” | https://www.wearegreenbay.com/top-stories/trump-v-desantis-young-conservatives-debate-gops-future/ | 2022-07-25T21:53:22Z | https://www.wearegreenbay.com/top-stories/trump-v-desantis-young-conservatives-debate-gops-future/ | false |
ANGOLA — The annual Lake James Antique Boat and Car Show is adding a new classic item in its 12th year, vintage campers.
The vintage campers are a new addition to the show started by Mike and Nancy McBride. The campers will be on display for guests to see restorations inside and out.
After inheriting a lake house from Nancy’s father, Mike started restoring a boat that led to the idea of a boat show on the lake. The boat, named Nadeen, will be at the show.
“It got started because her father owned a marina. She’s always been in the boating family. We inherited this property from her folks when they died. So I wanted a wood boat and that’s where it all started,” said Mike. “I met a guy out here on the lake that had a wooden boat and he introduced me to a club called the ACBS, as in Antique and Classic Boat Society. I met them and found out that they have boating events. Then we got involved in the club and became president of the club of the Indiana chapter and my wife was the secretary. And then I decided, well, we have a beautiful lake. Why don’t we have a boat show here?”
The boat show began in 2010 by Mike and Nancy McBride, long time residents of Lake James and members of the Lake James Association. This year’s show will include antique and classic boats, cars and mini campers.
Guests are welcome to come starting at 9 a.m. on Saturday with the show running throughout the day. Registration for anyone in the boat, car or camper show is 8-9 a.m.
The show will be held at the old Boat House marina site on Lake James, near the Jimmerson Creek bridge at the Four Corners created by the intersection of Bay View Road and C.R. 300W.
Many vendors and artists will be featured at the event. The Steuben Art Scene will be there with a tent showing and selling artist work.
Along with the vendors, Mike has made small wooden boats for children to paint for free.
This show is free to the public.
The boat show is still looking for volunteers to help park and set up for the festival. There is also availability to sponsor the event.
The McBrides would like to give thanks to all of their sponsors. Sponsors of the event are Jeff Bell Photography, Dry Dock Marine, Hagerty Insurance, JICI, Lake James Association, Mahogany Outfitters, Star Homes, Steuben County Tourism Bureau, Steuben County Community Foundation, TLA Signs and the Committee to Elect Rep. Denny Zent.
For volunteer opportunities or to support the event contact Mike McBride at lakejamesmike@gmail.com or call at 249-7464. | https://www.kpcnews.com/heraldrepublican/article_f53a6f4c-e706-5cf7-afc4-5a8a065cd729.html | 2022-07-25T21:55:55Z | https://www.kpcnews.com/heraldrepublican/article_f53a6f4c-e706-5cf7-afc4-5a8a065cd729.html | false |
BATON ROUGE, La. (BRPROUD) — The total number of monkeypox cases in Louisiana is 25 as of Monday, July 25, the Louisiana Department of Health reported.
LDH reported four new cases Monday. LDH said 22 cases are from LDH Region 1 in southeast Louisiana, and there is one case each in Region 3, Region 4, and Region 9. No further information about cases was shared by the state health department.
According to LDH’s webpage on monkeypox, there “likely” could be more undiagnosed cases in the state at this time.
For more information about monkeypox from LDH, click here. | https://www.myarklamiss.com/louisiana-news/25-monkeypox-cases-in-louisiana-ldh-says/ | 2022-07-25T21:57:09Z | https://www.myarklamiss.com/louisiana-news/25-monkeypox-cases-in-louisiana-ldh-says/ | false |
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MASKWACIS, Alberta (AP) — Pope Francis' apology Monday for the Catholic Church’s role in Canada's residential school system and the abuses that took place within it was a full-throated denunciation of a decadeslong policy of forced assimilation that aimed to strip Indigenous children of their culture and traumatized generations.
Speaking at the site of a former residential school south of Edmonton, Alberta, the pontiff said he was “deeply sorry” for actions by many in support of “the colonizing mentality of the powers that oppressed the Indigenous peoples.”
He also expressed sorrow over the schools' systemic marginalization, denigration and suppression of Indigenous people, languages and culture; the “physical, verbal, psychological and spiritual abuse” children suffered after being taken from their homes at a young age; and the “indelibly” altered family relationships that resulted.
“I myself wish to reaffirm this, with shame and unambiguously. I humbly beg forgiveness for the evil committed by so many Christians against the Indigenous peoples,” Francis said.
Here are some reactions to the pope's remarks:
___
“It was an achievement on the part of the Indigenous community to convince Pope Francis to come to a First Nation community and humble himself before survivors in the way he did today. It was special. And I know that it meant a lot to a lot of people. And every time he said the word sorry, people would start applauding,” Phil Fontaine, a residential school abuse survivor and former chief of the Assembly of First Nations, said in an interview with The Associated Press.
___
“We may all need time to fully absorb the gravity of this moment. ... If you want to help us heal, stop telling us to get over it. ... We can’t get over it when intergenerational trauma impacts every youth and every member, every family who had a residential school survivor. Instead of getting over it, I’m asking you to get with it, get with learning about our history, get with learning about our culture, our people, who we are,” Chief Desmond Bull of Louis Bull Tribe said during a news conference.
___
It “was validation that this really happened” for the apology to be heard by non-Indigenous people, Chief Tony Alexis of the Alexis Nakota Sioux Nation said, but the pope needs to follow up with action and “can’t just say sorry and walk away."
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“I’ve waited 50 years for this apology, and finally today I heard it,” Evelyn Korkmaz, a school survivor, said during a news conference. Unfortunately many family and community members did not live to see it due to suicide or substance-abuse, she said. But “I was hoping to hear some kind of work plan” for ways the church would be turning over documents and taking other concrete steps.
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“I have a lot of of survivors and thrivers in my community who are happy to hear the pope has come to apologize. Words cannot describe how important today is for the healing journey for a lot of First Nations people,” Chief Vernon Saddleback of Samson Cree Nation said in a news conference. “The pope apologizing today was a day for everyone in the world to sit back and listen.”
___
“It’s something that is needed, not only for people to hear but for the church to be accountable,” said Sandi Harper of Saskatoon, Saskatchewan, who attended the papal event in honor of her late mother, a former residential school student. Still, she told AP some Indigenous people are not ready for reconciliation: “We just need to give people the time to heal. It’s going to take a long time."
___
Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. | https://www.lmtonline.com/news/article/Tribal-leaders-members-react-to-pope-s-apology-17328163.php | 2022-07-25T22:03:07Z | https://www.lmtonline.com/news/article/Tribal-leaders-members-react-to-pope-s-apology-17328163.php | false |
SALT LAKE CITY, July 25, 2022 /PRNewswire/ -- ARUP Laboratories today announced that it has begun in-house testing for monkeypox. The Orthopoxvirus (includes monkeypox virus) by PCR test (test code 3005716) is a real-time polymerase chain reaction (RT-PCR) test to detect the DNA of orthopoxviruses, including monkeypox.
ARUP's test is similar to the CDC assay that other laboratories have begun offering to address overflow testing in public health laboratories and to heighten the national response to monkeypox, a rare infection characterized by fever, head and muscle aches, swollen lymph nodes, and a rash that resembles pimples or blisters. The ARUP test differs from the CDC assay in that it has been validated for both dry-swab specimen collection and for collection using viral transport media. Specimens are easier to collect and transport when viral transport media can be used.
In addition, ARUP's laboratory-developed test has been validated for an automated specimen extraction method and can be performed on high-throughput instruments to optimize workflow efficiency, decrease turnaround times, and enable rapid scaling of testing capacity if needed.
"Since the initial outbreak of monkeypox in the United States, ARUP has actively participated with the CDC and other national reference laboratories in formulating an appropriate national response," said Tracy George, MD, ARUP president and chief scientific officer. "We are well prepared and deeply committed to support the needs of public health laboratories and our hospital and health system clients nationwide to help manage this outbreak."
ARUP's test will also be submitted for New York Department of Health approval. During this approval process, ARUP will continue to offer monkeypox testing to New York clients through a referral partner.
ARUP also continues to perform all medically relevant tests, with the exception of viral cultures, to help provide a differential diagnosis for individuals suspected or confirmed to have monkeypox.
For more information about monkeypox testing at ARUP, visit Frequently Asked Questions on aruplab.com, or the ARUP Consult Monkeypox topic. The latest CDC information about monkeypox is available here.
About ARUP Laboratories
Founded in 1984, ARUP Laboratories is a leading national reference laboratory and a nonprofit enterprise of the University of Utah and its Department of Pathology. ARUP offers more than 3,000 tests and test combinations, ranging from routine screening tests to esoteric molecular and genetic assays. ARUP serves clients across the United States, including many of the nation's top university teaching hospitals and children's hospitals, as well as multihospital groups, major commercial laboratories, group purchasing organizations, military and other government facilities, and major clinics. In addition, ARUP is a worldwide leader in innovative laboratory research and development, led by the efforts of the ARUP Institute for Clinical and Experimental Pathology®. ARUP is ISO 15189 CAP accredited.
ARUP Media Contact
Lisa Carricaburu, media@aruplab.com, 801-541-5041
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SOURCE ARUP Laboratories | https://www.kait8.com/prnewswire/2022/07/25/arups-new-monkeypox-test-can-be-performed-more-specimen-types-high-throughput-instruments/ | 2022-07-25T22:04:01Z | https://www.kait8.com/prnewswire/2022/07/25/arups-new-monkeypox-test-can-be-performed-more-specimen-types-high-throughput-instruments/ | false |
DALLAS — A 37-year-old woman fired off several rounds with a handgun near a ticket counter in Dallas Love Field airport at 10:59 a.m. on Monday before being shot by a Dallas Police officer and taken to Parkland Hospital to have her injuries treated, police said.
Law enforcement has identified the suspect to WFAA as Portia Odufuwa.
In a press conference shortly after noon on Monday, Dallas Police Chief Eddie Garcia said the woman was dropped off at the airport and changed clothes in a restroom before approaching a ticket counter and firing a handgun.
It's not clear where the woman was aiming with her shots, or what her motive might have been, Garcia said, noting that the woman's shots did not strike anyone else in the airport.
Shortly after firing her weapon, Garcia said a Dallas Police officer shot at the woman and struck her in her lower body.
Garcia reported no other injuries from the shooting at the time of his press conference.
Video shared on social media in the wake of the reported shooting incident showed people crouching inside of the airport and taking cover after apparently being told to "run."
Sources tell WFAA that there may have been additional injuries in the chaos that ensued in those moments. Ambulances could be seen arriving at the airport at around 12:30 p.m.
The shooting caused widespread flight and security delays, as the airport had to be evacuated and all travelers had to be re-screened.
At 11:11 a.m., the Federal Aviation Administration issued a ground stop at Love Field over security concerns. The airport resumed operations just after 3:30 p.m. Monday.
Travelers were being asked to check with their airline for the latest updates on their flight status.
The Transportation Security Administration shortly before 12:30 p.m. reported that Love Field agents had evacuated everyone from the airport and were "in the process of rescreening all travelers through airport security checkpoint."
Around 2 p.m., TSA officials said "normal airport security checkpoint operations have resumed," thought flight operations were still suspended.
At least part of the airport was evacuated in the immediate wake of the shooing, a North Texas police chief reported. Rockwall Police Chief Max Geron, a former Dallas Police Department commander, tweeted about 11:20 a.m. that he "just got evacuated of Love Field after an apparent shooting."
"Family is safe," Geron tweeted. "TSA did a great job."
Additional video shared to social media revealed would-be passengers taking cover and crouching in an area between the airport and the tarmac.
Investigation continues after incident at Dallas Love Field where woman shot into ceiling
This is a breaking news story. Check back for more information as it develops. | https://www.weareiowa.com/article/news/local/shots-reportedly-fired-at-dallas-love-field-airport-dallas-police-say/287-a0fa0c01-dca6-40d9-bb00-bf244b4b13ed | 2022-07-25T22:04:23Z | https://www.weareiowa.com/article/news/local/shots-reportedly-fired-at-dallas-love-field-airport-dallas-police-say/287-a0fa0c01-dca6-40d9-bb00-bf244b4b13ed | true |
What's happening
Two of NASA's ISS space robots worked independently of one another, but at the same time.
Why it matters
This is the first time more than one of these space bots operated simultaneously and without much external support.
Not every worker aboard the International Space Station is a human. As a matter of fact, not every worker is an organic life-form. Hundreds of miles above Earth, floating right next to trained astronauts in this space-borne laboratory, you'll find Honey, Queen and Bumble.
They're NASA's flying robot helpers known as the Astrobees.
First launched to space in 2018, each cube-shaped, 12.5-inch-wide member of the trio is responsible for aiding ISS dwellers with important -- yet often tedious -- tasks like taking inventory, documenting experiments with built-in cameras or transporting cargo throughout the station. Honey and Bumble went up first, and were soon followed by Queen.
"In addition to making spaceflight safer and more cost effective, robotic assistants like the Astrobees could manage routine chores to free up humans for more complex work," NASA said. One day, these space bots might even blast off with astronauts on future missions to the moon, aka NASA's Artemis endeavor, Mars and, potentially, deep space.
They've now reached a milestone in their journey. NASA on Friday said that two Astrobees -- Queen and Bumble -- successfully operated independently, side by side with their mortal associates. "In past experiments," NASA said, "the robots have operated one at a time or have needed more hands-on support from their human colleagues."
Below, you can see footage of the duo toiling away alongside astronauts Raja Chari and Matthias Maurer.
In the foreground, the mint green Queen is capturing its first 360-degree panoramic image of the ISS' interior, according to NASA. Farther away, you can see a baby blue Bumble testing its navigation ability in what's known as the Harmony module -- an onboard utility hub -- and gathering new station mapping data. Pastel yellow Honey must have had duties elsewhere.
Both of these experiments, per the agency, are part of the Integrated System for Autonomous and Adaptive Caretaking Project, the organization that oversees the Astrobee system. ISAAC researchers are also in charge of these robot helpers' docking stations, where they return to rest, relax and literally recharge when low on battery.
But beyond teaching the Astrobees standard spacecraft monitoring and maintenance capabilities, the ISAAC team is trying to make these robots as autonomous as possible, though notably, the Astrobees can be manually remote-controlled when necessary. That's because, down the line, spacecraft like the lunar Gateway space station "won't be crewed year-round, and will need smart, self-run robots to keep an eye on things while humans are away," NASA said.
These droids aren't the first synthetic laborers to grace Earth's orbit. Their legacy rests on that of NASA's Spheres robots, which have lived alongside scientists in space for over a decade now. Though Spheres are quite similar to the Astrobees in purpose, they're built with older technology and, as their name suggests, are kind of round. Eventually, the Astrobees are meant to take over for Spheres, giving their predecessors a well-earned retirement.
As of April, the agency reported the Astrobees have operated for over 750 hours on the ISS, completed over 100 activities and proven capable of feats "previously in the realm of science fiction" like successfully reporting and investigating simulated anomalies aboard the station -- all on their own.
Last year, for instance, astronauts tinkered with the station's life support systems to make them detect a (false) super high concentration of carbon dioxide. Bumble quickly noticed, navigated the ISS to figure out what was wrong, indeed found the issue (a fake "sock" blocking a vent) and called for help.
It's almost like Honey, Bumble and Queen are slowly paving the way for humanity's own TARS, CASE and KIPP. | https://www.cnet.com/science/space/see-nasas-space-robots-working-together-on-iss-for-the-first-time/ | 2022-07-25T22:04:40Z | https://www.cnet.com/science/space/see-nasas-space-robots-working-together-on-iss-for-the-first-time/ | false |
WASHINGTON, July 25, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it will release its financial results for the fiscal quarter ended June 30, 2022, on Monday, August 8, 2022, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m. eastern time.
The conference call can be accessed by telephone or webcast as follows:
Dial-In (Domestic): (888) 346-2616
Dial-In (International): (412) 902-4254
Webcast: https://www.farmermac.com/investors/events-presentations/
When dialing in to the call, please ask for the "Farmer Mac Earnings Conference Call." This call can be heard live and will also be available for replay on Farmer Mac's website following the conclusion of the conference call.
About Farmer Mac
Farmer Mac is a vital part of the agricultural credit markets and was created to increase access to and reduce the cost of credit for the benefit of American agricultural and rural communities. As the nation's secondary market for agricultural credit, we provide financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from access to flexible, low-cost financing and risk management tools. Farmer Mac's customers benefit from its low cost of funds, low overhead costs, and high operational efficiency. More information about Farmer Mac is available on Farmer Mac's website at www.farmermac.com.
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SOURCE Farmer Mac | https://www.kait8.com/prnewswire/2022/07/25/farmer-mac-announce-second-quarter-2022-financial-results/ | 2022-07-25T22:05:14Z | https://www.kait8.com/prnewswire/2022/07/25/farmer-mac-announce-second-quarter-2022-financial-results/ | true |
Packers sign safety Leavitt ahead of camp
Published: Jul. 25, 2022 at 4:39 PM CDT|Updated: 28 minutes ago
GREEN BAY, Wis. (WBAY) - Rich gets richer, or at least Packers special teams coordinator Rich Bisaccia. That’s with Green Bay signing former Raiders special teams ace Dallin Leavitt just a couple days before the start of training camp.
Leavitt spent the last three seasons with the Raiders after signing with the team as an undrafted free agent in 2018. That’s the same year Bisaccia was hired as the Raiders’ special teams coordinator.
Leavitt played in 42 games with one start over his four years in Oakland and Las Vegas and racked up 24 tackles and a fumble recovery on special teams. Last year, Leavitt made his first start with the Raiders as a safety, and had a career high 12 tackles on special teams.
Copyright 2022 WBAY. All rights reserved. | https://www.wbay.com/2022/07/25/packers-sign-safety-leavitt-ahead-camp/ | 2022-07-25T22:08:43Z | https://www.wbay.com/2022/07/25/packers-sign-safety-leavitt-ahead-camp/ | true |
TSX and OTCQX: MPVD
TORONTO and NEW YORK, July 25, 2022 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) is pleased to announce the successful completion of its first analyst site tour since 2019, taking place on Wednesday July 20th. The Company also wishes to announce that it has entered into separate, privately negotiated transactions with certain holders of its outstanding 8.000% Senior Secured Second Lien Notes due 2022 (the "Notes") to repurchase for cancellation approximately US$26.4 million aggregate principal amount of the Notes for an aggregate cash repurchase price of approximately US$25.4 million (collectively, the "Repurchases").
Additionally, the company wishes to provide details for the release of its Q2 2022 earnings release and conference call.
Mountain Province Diamonds hosted a Site Tour to the Gahcho Kué Mine on July 20th, with financial analysts and advisors in attendance. In addition to visiting the active mining/processing areas of Gahcho Kué, the tour also visited the Kelvin Exploration Camp, where all recent exploration activity at the Kennady North Project, as well as the imminent summer 2022 drill program will be executed from. Present at the site tour was covering Equity Research Analyst Kieron Hodgson of Panmure Gordon, a UK-based Investment Bank which has coverage on the Company. Access to his research can be found via equity research portal Research-Tree.com.
The Company cautions that any such research provides a third-party view of the Company and is not endorsed by the Company. The Company will not redistribute third-party reports or otherwise republish or update such reports, but will maintain a list of analysts who cover the Company.
Mark Wall, the Company's President and Chief Executive Officer, commented:
"We were extremely pleased to host the financial community for a site tour, the first tour since 2019, and an opportunity for us to showcase the Kennady exploration properties and the Gahcho Kué operations. The tour came on the back of our press release on the growth potential of the Hearn orebody and we continue to focus on mine extension possibilities."
The Company has entered into separate, privately negotiated transactions with certain holders of its outstanding 8.000% Senior Secured Second Lien Notes due 2022 (the "Notes") to repurchase for cancellation approximately US$26.4 million aggregate principal amount of the Notes for an aggregate cash repurchase price of approximately US$25.3 million (collectively, the "Repurchases"). The last of the Repurchases is expected to close on or about July 26, 2022. Following the cancellation of the repurchased Notes, approximately US$273.5 million aggregate principal amounts of Notes will remain outstanding
Mountain Province may from time to time seek to repurchase additional Notes in open-market purchases, privately negotiated transactions or otherwise. Such repurchases, if any, will be upon such terms and at such prices as may be determined by the Company and the counterparty and will depend upon prevailing market conditions, the Company's liquidity requirements and other factors.
This news release is not an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
The Company will host its quarterly conference call on Wednesday August 10th, 2022 at 11:00am EST. Prior to the conference call, the Company will release Q2 2022 financial results on August 9th, after-market.
Conference Call Dial-in Details:
Conference ID: 56265156
Date of call: 08/10/2022
Time of call: 11:00 Eastern Time
Expected Duration: 60 minutes
Webcast Link: https://app.webinar.net/EjQrB08Bd0K
Participant Toll-Free Dial-In Number: (+1) 888-390-0546
Participant International Dial-In Number: (+1) 416-764-8688
A replay of the webcast and audio call will be available on the Company's website.
Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories. The Gahcho Kué Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls 106,202 hectares of highly prospective mineral claims and leases that surround the Gahcho Kué Joint Venture property that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites.
For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com.
The disclosure in this news release of scientific and technical information regarding Mountain Province's mineral properties has been reviewed and approved by Matthew MacPhail, P.Eng., MBA, and Tom E. McCandless, Ph.D., P.Geo., both employees of Mountain Province Diamonds and Qualified Persons as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
This news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian and United States securities laws concerning the business, operations and financial performance and condition of Mountain Province Diamonds Inc. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to operational hazards, including possible disruption due to pandemic such as COVID-19, its impact on travel, self-isolation protocols and business and operations, estimated production and mine life of the project of Mountain Province; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; the future price of diamonds; the estimation of mineral reserves and resources; the ability to manage debt; capital expenditures; the ability to obtain permits for operations; liquidity; tax rates; and currency exchange rate fluctuations. Except for statements of historical fact relating to Mountain Province, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be", "potential" and other similar words, or statements that certain events or conditions "may", "should" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of Mountain Province and there is no assurance they will prove to be correct.
Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include the development of operation hazards which could arise in relation to COVID-19, including, but not limited to protocols which may be adopted to reduce the spread of COVID-19 and any impact of such protocols on Mountain Province's business and operations, variations in ore grade or recovery rates, changes in market conditions, changes in project parameters, mine sequencing; production rates; cash flow; risks relating to the availability and timeliness of permitting and governmental approvals; supply of, and demand for, diamonds; fluctuating commodity prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated.
These factors are discussed in greater detail in Mountain Province's most recent Annual Information Form and in the most recent MD&A filed on SEDAR, which also provide additional general assumptions in connection with these statements. Mountain Province cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Mountain Province believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Although Mountain Province has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Mountain Province undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered as the property is developed.
Further, Mountain Province may make changes to its business plans that could affect its results. The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator. Mountain Province is exposed to actions taken or omissions made by the operator within its prerogative and/or determinations made by the joint venture under its terms. Such actions or omissions may impact the future performance of Mountain Province. Under its current note and revolving credit facilities Mountain Province is subject to certain limitations on its ability to pay dividends on common stock. The declaration of dividends is at the discretion of Mountain Province's Board of Directors, subject to the limitations under the Company's debt facilities, and will depend on Mountain Province's financial results, cash requirements, future prospects, and other factors deemed relevant by the Board.
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SOURCE Mountain Province Diamonds Inc. | https://www.wbay.com/prnewswire/2022/07/25/mountain-province-diamonds-announces-successful-analyst-site-tour-repurchases-senior-secured-second-lien-notes-details-second-quarter-2022-earnings-release-conference-call/ | 2022-07-25T22:11:16Z | https://www.wbay.com/prnewswire/2022/07/25/mountain-province-diamonds-announces-successful-analyst-site-tour-repurchases-senior-secured-second-lien-notes-details-second-quarter-2022-earnings-release-conference-call/ | true |
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