text stringlengths 46 525k | url stringlengths 24 420 | crawl_date timestamp[us, tz=UTC]date 2022-04-01 00:01:42 2022-09-25 07:27:13 | id stringlengths 24 420 | label bool 2
classes |
|---|---|---|---|---|
Woman clinging to stop sign rescued during western Arizona flooding
GOLDEN VALLEY, AZ (3TV/CBS 5) — A woman is safe after being rescued during flash flooding Monday afternoon in western Arizona.
Around 5 p.m. Monday, a construction crew in Golden Valley called 911 about a woman who was holding onto a stop sign as waters were rising in a running wash near Shinarump Drive and Agate Road. Mohave County deputies responded, along with search and rescue crews.
When waters began to recede a short time later, they were able to safely walk her out of the wash. The 42-year-old woman was not hurt.
Officials stress that drivers should not attempt to cross flooded roadways. Flooding chances continue for the Valley and other parts of the state. Stay with First Alert Weather for the latest.
Copyright 2022 KTVK/KPHO. All rights reserved. | https://www.azfamily.com/2022/07/26/woman-clinging-stop-sign-rescued-during-western-arizona-flooding/ | 2022-07-26T19:26:52Z | https://www.azfamily.com/2022/07/26/woman-clinging-stop-sign-rescued-during-western-arizona-flooding/ | true |
Dealing with homelessness is a complex issue facing many areas across the U.S.
In Tennessee, lawmakers have made it a felony to camp illegally on public property.
However, in Chattanooga, a nonprofit organization runs a city-sanctioned program that allows people to camp outside at the corner of 12th and Peeples.
Tom Benson calls the community his home.
“I can leave during the day and go to college, and I know I can come back with all my belongings and know everything will be safe and that I’ll always have a bed," he said.
Marybeth Shinn, a professor at Vanderbilt in Nashville, Tennessee, believes the lack of affordable housing contributes to homelessness.
“If we make housing affordable for families, that’s sufficient to end homelessness,” Shinn said. “We know what does it. We managed to cut homelessness among military veterans almost in half.”
From 2009 to 2019, a coordination of state and federal efforts got nearly 40,000 veterans off the streets. Those efforts didn’t extend everywhere else. But as homelessness remains steady nationwide, more dollars have been dedicated to help fix the problem.
In Colorado, the governor approved $45 million dollars to convert a youth corrections facility into a homeless recovery campus. In Asheville, North Carolina, a nonprofit with city and county help purchased an old Days Inn hotel. The rooms will soon become homes for people used to living on the streets.
In Chattanooga, the mayor announced a $100 million dollar commitment to affordable housing, along with the camp at 12th and Peeples. Residents of the camp want to one day look for homes in a city where the price of a home has nearly doubled in the last three years.
Ann-Marie Fitzsimmons and Niki Keck run the nonprofit that runs the camp.
“On our intake forms that we have them fill out when they come in and we ask them, ‘What’s keeping you from housing?’ Almost 100% of them will address rent prices or lack of housing,” Fitzsimmons said. “We can’t hold all the people here in Chattanooga that are homeless. Whether this law was passed or not, they still have no place to go."
Meanwhile, people at the camp are hanging in there, hoping for brighter days ahead.
“We’re all like brothers and sisters here," Lee Shelton said. "We hang in there with each other." | https://www.3newsnow.com/news/national/two-americas/finding-solutions-to-address-the-homeless-crisis | 2022-07-26T19:27:59Z | https://www.3newsnow.com/news/national/two-americas/finding-solutions-to-address-the-homeless-crisis | false |
WASHINGTON (AP) — The former chief of staff to former Vice President Mike Pence has testified before a federal grand jury investigating the Jan. 6, 2021, assault on the U.S. Capitol, a person familiar with the matter said Monday.
Marc Short, a close aide to Pence, was at the Capitol on the day of the siege and was with the vice president as he fled his post presiding over the Senate and hid from rioters who had stormed the building and called for his hanging.
Short appeared before the grand jury after receiving a subpoena to do so, according to the person, who insisted on anonymity to discuss an ongoing investigation. The appearance was first reported by ABC News, which said it took place last week. A spokesman for the U.S. attorney’s office did not immediately return a phone message and email seeking comment Monday.
On CNN Monday evening, Short confirmed the appearance, saying, “I did receive a subpoena for the federal grand jury and I complied with that subpoena.”
He said it was his “only appearance before the grand jury” but declined to speak further about the questioning.
It was not immediately clear what Short was asked during his grand jury appearance, but the Justice Department has been investigating wide-ranging efforts by allies of former President Donald Trump to undo the results of the 2020 presidential election, including through the creation of slates of fake electors in battleground states intended to subvert the vote count.
Attorney General Merrick Garland told reporters last week that “no person is above the law” and described the investigation into the attack on the Capitol as the most important and most sweeping probe in the Justice Department’s history.
Short has also cooperated in a separate House committee investigation of the insurrection.
In video testimony played at one of the panel’s hearings last month, Short recalled that Pence had communicated to Trump “many times” that he did not agree with efforts to get him to overturn the election results, including by rejecting electors or by simply declaring Trump the winner.
____
Follow Eric Tucker at http://www.twitter.etuckerAP | https://phl17.com/national-news/ap-source-top-aide-to-pence-testifies-before-1-6-grand-jury/ | 2022-07-26T19:31:51Z | https://phl17.com/national-news/ap-source-top-aide-to-pence-testifies-before-1-6-grand-jury/ | false |
Their first flight demonstrations won’t happen until Saturday afternoon, but some of the U.S. Navy Blue Angels flight team should arrive early Thursday.
The team is scheduled to arrive at Dayton International Airport at about 10 a.m. Thursday, weather permitting, according to the CenterPoint Energy Dayton Air Show.
The air show happens Saturday and Sunday at Dayton International.
The Navy’s famed flight demonstration squadron will perform with their new F/A-18 Super Hornets in Dayton for the first time this weekend. Another local connection: The planes’ electric generators are made by GE Aviation employees in Vandalia.
The Blue Angels team will travel with 55 team members to orchestrate those flights.
Earlier this month, the Blue Angels selected the squadron’s first female demonstration pilot, Lt. Amanda Lee, of Minnesota. Hundreds of women have served with the Blue Angels in a variety of capacities over 55 years, but Lee is the first woman to serve as demonstration pilot, the Navy said.
The squadron’s last show was July 23-24 at the Milwaukee Air and Water Show.
Dayton Air Show gates open both days at 9 a.m. and close at 6 p.m. Aerial shows will take place from noon to 4:15 p.m. Saturday and Sunday. The schedule is the same both days, except for a fly-by from a U.S. Air Force E-3 AWACS Sunday only.
For show tickets and an updated parking plan, go to https://daytonairshow.com.
About the Author | https://www.springfieldnewssun.com/local/new-details-blue-angels-will-be-in-town-early-thursday/4WPKFHXOCJCUDK6IH6QDNTZD3Y/ | 2022-07-26T19:39:56Z | https://www.springfieldnewssun.com/local/new-details-blue-angels-will-be-in-town-early-thursday/4WPKFHXOCJCUDK6IH6QDNTZD3Y/ | true |
You need to enable JavaScript to run this app. | https://sportspyder.com/mcb/duke-blue-devils-basketball/articles/40187590 | 2022-07-26T19:43:51Z | https://sportspyder.com/mcb/duke-blue-devils-basketball/articles/40187590 | true |
COLUMBUS, Ohio (WCMH) — A butter sculpture of five Ohio kids and their fair animals stands alongside the iconic butter cow at the Ohio State Fair this year.
The American Dairy Association Midwest selected five participants showing their animals including a lamb, chicken, and a pig “to reflect on the true meaning and traditions of the fair, which began in 1850.”
Made from approximately 2,530 pounds of butter, this is the largest butter cow displayed at the Ohio State Fair to date and the first display built in two years.
Over the weekend, the sculptors started their assembly by building wooden and steel frames to support the weight of the butter. They worked with 55-pound blocks for hours layering, molding, and smoothing the butter in a 46-degree cooler inside the Dairy Products Building at the Ohio Expo Center.
Over the years at the Ohio State Fair, the American Dairy Association Mideast has honored great Ohioans and moments in Ohio history such as Brutus Buckeye and Urban Meyer after the Ohio State Football National Championship win in 2015, the Cleveland Cavaliers after their 2016 NBA Championship win, and most recently in 2019 the Apollo 11 crew and Neil Armstrong’s 50th anniversary of becoming the first person to walk on the moon.
The fair runs from Wednesday, July 27, through Sunday, August 7. | https://www.texomashomepage.com/news/national-news/ohio-state-fair-butter-sculptures-revealed/ | 2022-07-26T19:44:43Z | https://www.texomashomepage.com/news/national-news/ohio-state-fair-butter-sculptures-revealed/ | true |
Russia to drop out of International Space Station after 2024
MOSCOW (AP) — Russia will pull out of the International Space Station after 2024 and focus on building its own orbiting outpost, the country’s new space chief said Tuesday amid high tensions between Moscow and the West over the fighting in Ukraine.
The announcement, while not unexpected, throws into question the future of the 24-year-old space station, with experts saying it would be extremely difficult — a “nightmare,” by one reckoning — to keep it running without the Russians. NASA and its partners had hoped to continue operating it until 2030.
“The decision to leave the station after 2024 has been made,” Yuri Borisov, appointed this month to lead the Russian space agency, Roscosmos, said during a meeting with President Vladimir Putin. He added: “I think that by that time we will start forming a Russian orbiting station.”
The space station has long been a symbol of post-Cold War international teamwork in the name of science but is now one of the last areas of cooperation between the U.S. and the Kremlin.
NASA had no immediate comment.
Borisov’s statement reaffirmed previous declarations by Russian space officials about Moscow’s intention to leave the space station after 2024 when the current international arrangements for its operation end.
Russian officials have long talked about their desire to launch the country’s own space station and have complained that the wear and tear on the aging International Space Station is compromising safety and could make it difficult to extend its lifespan.
Cost may also be a factor: With Elon Musk’s SpaceX company now flying NASA astronauts to and from the space station, the Russian Space Agency lost a major source of income. For years, NASA had been paying tens of millions of dollars per seat for rides to and from the station aboard Russian Soyuz rockets.
The Russian announcement is certain to stir speculation that it is part of Moscow’s maneuvering to win relief from Western sanctions over the conflict in Ukraine. Borisov’s predecessor, Dmitry Rogozin, said last month that Moscow could take part in negotiations about a possible extension of the station’s operations only if the U.S. lifts its sanctions against Russian space industries.
The space station is jointly run by Russia, the U.S., Europe, Japan and Canada. The first piece was put in orbit in 1998, and the outpost has been continuously inhabited for nearly 22 years. It is used to conduct scientific research in zero gravity and to test technology for future journeys to the moon and Mars.
It typically has a crew of seven, who spend months at a time aboard the station as it orbits about 260 miles above Earth. Three Russians, three Americans and one Italian are now on board.
The $100 billion-plus complex, which is about as long as a football field, consists of two main sections, one run by Russia, the other by the U.S. and the other countries. It was not immediately clear what will have to be done to the Russian side of the complex to continue safely operating the space station once Moscow pulls out.
Former NASA astronaut Scott Kelly, who spent 340 continuous days aboard the International Space Station in 2015 and 2016, said that the Russian statement “could be just more bluster,” noting that “after 2024″ is vague and open-ended.
“I believe Russia will stay as long as they can afford to as without ISS they have no human spaceflight program,” he said. “Cooperation with the West also shows some amount of legitimacy to other, nonaligned nations and to their own people, which Putin needs as the war in Ukraine has damaged his credibility.”
Former Canadian astronaut Chris Hadfield tweeted in reaction to the announcement: “Remember that Russia’s best game is chess.”
Kelly said the design of the station would make it difficult but not impossible for the remaining nations to operate it if Russia were to withdraw.
Jordan Bimm, a historian of science, technology and medicine at the University of Chicago, said the Russian statement “does not bode well for the future of the ISS,” adding that “it creates a constellation of uncertainties about maintaining the station which don’t have easy answers.”
“What will `leaving’ look like?” he questioned. “Will the last cosmonauts simply undock a Soyuz and return to Earth, leaving the Russian-built modules attached? Will they render them inoperable before leaving? Will NASA and its international partners have to negotiate to buy them out and continue using them? Can these modules even be maintained without Russian know-how?”
Bimm said that theoretically it is possible to keep the station running after the Russians bail out, but “practically it could be a nightmare depending on how hard Russia wanted to make it for NASA and its remaining partners.”
If the Russian components of the station were detached or inoperable, the most immediate problem would be how to boost the complex periodically to maintain its orbit, he said. Russian spacecraft that arrive at the station with cargo and crew members are used to help align the station and raise its orbit.
Scott Pace, director of George Washington University’s space policy institute, said other considerations include replacing the ground communications that Moscow provides.
He said, too, that “it remains to be seen whether the Russians will, in fact, be able to launch and maintain their own. independent station.”
Russia has made no visible effort so far to develop its own space station, and the task appears increasingly daunting now amid the crisis in Ukraine and the Western sanctions that have limited Russia’s access to Western technology.
Well before the development of the International Space Station, the Soviets — and then the Russians — had a number of their own space stations, including Mir. The U.S. likewise had Skylab.
John Logsdon, founder and former director of the George Washington University institute, said NASA has had plenty of time to prepare for a Russian withdrawal, given the threats coming out of Moscow, and would be derelict in its duty if it hadn’t been thinking about this for several years.
“One alternative is to declare victory with the station and use this as an excuse to deorbit it and put the money into exploration,” he said, adding: “Its political value clearly has declined over time.”
___
AP aerospace writer Marcia Dunn reported from Cape Canaveral, Florida.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kttc.com/2022/07/26/russia-withdraw-international-space-station-project-after-2024/ | 2022-07-26T19:46:17Z | https://www.kttc.com/2022/07/26/russia-withdraw-international-space-station-project-after-2024/ | true |
AUSTIN, Texas, July 26, 2022 /PRNewswire/ -- Digital Turbine, Inc. (NASDAQ: APPS), a global mobile platform company, announced it will host a conference call and webcast to discuss its fiscal 2023 first quarter financial results and operating progress on Monday, August 8th, at 4:30pm ET/1:30pm PT. The call, hosted by Digital Turbine Chief Executive Officer Bill Stone and Chief Financial Officer Barrett Garrison, can be accessed by dialing 855-238-2713 in the United States or 412-542-4111 from international locations. Please dial in at least ten minutes before the scheduled start time, identify yourself and ask for the Digital Turbine call. A live and archived webcast of the call can be accessed via the Investor Relations section of Digital Turbine's website. The webcast will be archived for a period of one year.
For those unable to join the live call, a playback will be available through August 15, 2022. The replay can be accessed by dialing 877-344-7529 in the United States or 412-317-0088 from international locations, passcode 6410980.
Digital Turbine is the leading independent mobile growth platform and levels up the landscape for advertisers, publishers, carriers and OEMs. By integrating a full ad stack with proprietary technology built into devices by wireless operators and OEMs, Digital Turbine supercharges advertising and monetization. The company is headquartered in Austin, Texas, with global offices in New York, Los Angeles, San Francisco, London, Berlin, Singapore, Tel Aviv and other cities serving top agency, app developer and advertising markets. For additional information visit www.digitalturbine.com.
Follow Digital Turbine:
Twitter: https://twitter.com/DigitalTurbine
Facebook: https://www.facebook.com/DigitalTurbineInc
LinkedIn: https://www.linkedin.com/company/digital-turbine?trk=tyah&trkInfo=tas:digital+tur
Digital Turbine
Investor Relations Contact:
Brian Bartholomew
Digital Turbine
brian.bartholomew@digitalturbine.com
View original content:
SOURCE Digital Turbine, Inc. | https://www.wsaz.com/prnewswire/2022/07/26/digital-turbine-host-fiscal-2023-first-quarter-financial-results-conference-call-august-8-2022-430pm-et/ | 2022-07-26T19:47:07Z | https://www.wsaz.com/prnewswire/2022/07/26/digital-turbine-host-fiscal-2023-first-quarter-financial-results-conference-call-august-8-2022-430pm-et/ | true |
Unions Power America Contest and Sweepstakes give back to hardworking union workers who never let America down.
WASHINGTON, July 26, 2022 /PRNewswire/ -- Union Plus is proud to announce that our annual Labor Day celebration, Unions Power America, is back and bigger than ever. Union Plus will be giving away a total of $185,000 in cash prizes through the Unions Power America Contest and Sweepstakes in honor of exceptional union workers who make our country strong.
"Union members are America's heroes," reflects Mitch Stevens, Union Plus president, "and Union Plus is proud to honor them this, and every Labor Day with the Unions Power America Contest, Sweepstakes and Labor Day event. Recent efforts and victories by workers to unionize their workplaces remind us that unions are for, and built by, hardworking, extraordinary people. Unions and their members are the backbone of our nation and it is Union Plus' great privilege to celebrate their vital contribution to our communities."
The Unions Power America Contest
July 18-August 8
Union members can nominate themselves or another union member for the $25,000 Unions Power America Contest Grand Prize by visiting unionplus.org/laborday and sharing how they power America forward by going the extra mile to support others at work, in their neighborhoods and communities. In addition to the $25,000 Grand Prize, an additional $85,000 in cash prizes for First, Second and Third Prize winners will also be awarded. For Official Rules, visit unionplus.org/laborday.
The Unions Power America Sweepstakes
August 10-August 29
By entering the Unions Power America Sweepstakes at unionplus.org/laborday, union members have an opportunity to win the $50,000 Grand Prize or one of 25, $1,000 prizes. After initial entry, entrants can earn bonus entries by completing simple, fun, online activities to increase their chances of winning. For Official Rules, visit unionplus.org/laborday.
Winners of the Unions Power America Contest and Sweepstakes will be announced during the Union Plus Labor Day virtual celebration, at 6pm ET on September 5th, at unionplus.org/laborday.
This year's Labor Day giveaways surpass the cash prizes awarded last year, going further to celebrate the diversity of union members across the country who are powering America forward.
The Unions Power America Contest and Sweepstakes are extensions of the year-round support Union Plus offers. Union Plus provides exclusive savings and discounts to union members, as well as exclusive benefits such as scholarships and hardship programs. Since 2009, Union Plus has awarded over $16 million in grants and scholarships to union members.
Union Plus, founded by the AFL-CIO in 1986, uses the collective buying power of America's 14 million union members to deliver top-quality benefits and services at competitive prices for working families. Union Plus offers a wide range of programs created specifically for union members, including hardship help, scholarships, cash back shopping, credit cards, home mortgages, discounts on mobile plans, insurance plans, travel and entertainment discounts and so much more.
View original content:
SOURCE Union Plus | https://www.wbtv.com/prnewswire/2022/07/26/union-plus-award-185000-union-members-celebration-labor-day/ | 2022-07-26T19:48:16Z | https://www.wbtv.com/prnewswire/2022/07/26/union-plus-award-185000-union-members-celebration-labor-day/ | true |
Get Moving!® Health and Wellness Event and Back to School Bash in Omaha
OMAHA, Neb., July 26, 2022 /PRNewswire/ -- On Saturday, July 30, 2022, the National Alliance for Hispanic Health, Healthy Americas Foundation, and OneWorld Community Health Centers, Inc. will celebrate their 16th annual ¡Vive tu vida! Get Up! Get Moving!® event in Omaha with special guest Walkaround Elmo from Sesame Street® who will greet kids and families and hand out free Sesame Street in Communities resources. The event includes free health screenings (glucose, cholesterol), COVID-19 tests and vaccines and boosters, health and wellness activities for the whole family, and referrals to community health services. The 2022 event series is sponsored nationally by the Siemens Foundation.
"We are excited to be back together in-person for this great event. It is an honor to join the Alliance in ensuring that everyone has access to care and educational resources needed to achieve the best health possible," said Andrea Skolkin, CEO of OneWorld Community Health Centers, Inc. "All children who complete at least three health activities will be eligible for a backpack and school supplies."
"Reducing health disparities requires multi-faceted approaches and we're honored during these health fairs to promote health and wellness for the entire family," said Dave Pacitti, President, Siemens Medical Solutions USA, Inc.; Head of the Americas, Siemens Healthineers; and member of the Siemens Foundation Board of Directors. "We're committed to advancing health equity by promoting primary healthcare, diagnostic screening, workforce training for the healthcare sector, and capital loan support for community clinics, and thrilled to support ¡Vive tu vida! Get Up! Get Moving!® in Omaha," concluded David Etzwiler, CEO of Siemens Foundation.
"We are so happy that we can bring ¡Vive tu vida! Get Up! Get Moving!® to Omaha this year to support individuals to lead healthier lifestyles and provide essential health services to communities," said Dr. Jane Delgado, President and CEO of the National Alliance for Hispanic Health, the nation's leading Hispanic health advocacy group. "This year, we are proud to bring the All of Us traveling exhibit to Omaha. Through All of Us, we will build the foundation for a new era of health care where medicine is representative of all individuals."
What: ¡Vive tu vida! Get Up! Get Moving!® event featuring:
- Back to School Bash: Children at the event will receive a backpack with school supplies
- Free Health Screenings: HIV/STI, Blood Pressure, Glucose, Cholesterol, and COVID-19 Vaccinations
- Healthy snacks: Produce giveaway and nutrition education
- Family fun: Games, raffles, and much more!
- Science: All of Us Research Program Traveling Exhibit
(The Traveling Exhibit will remain onsite from August 1 to 5, 2022)
Where: 4920 S 30th St., Omaha, NE 68107
When: Saturday, July 30, 2022 from 1:00 to 5:00pm
Cost: FREE!
To find a ¡Vive tu vida! Get Up! Get Moving!® event in your city, please call the Su Familia Helpline at 1-866-783-265 or visit www.healthyamericas.org/get-up-get-moving. To learn more about the All of Us Research Program, please visit www.JoinAllofUs.org/todos.
View original content to download multimedia:
SOURCE National Alliance for Hispanic Health | https://www.wbtv.com/prnewswire/2022/07/26/walkaround-elmo-sesame-street-joins-vive-tu-vida-get-up/ | 2022-07-26T19:48:22Z | https://www.wbtv.com/prnewswire/2022/07/26/walkaround-elmo-sesame-street-joins-vive-tu-vida-get-up/ | false |
NEW YORK, July 26, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of World Wrestling Entertainment, Inc. (NYSE: WWE) resulting from allegations that WWE may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased WWE securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=7052 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
WHAT IS THIS ABOUT: On June 15, 2022, The Wall Street Journal published an article entitled "WWE Board Probes Secret $3 Million Hush Pact by CEO Vince McMahon, Sources Say" which revealed that "[t]he board of World Wrestling Entertainment Inc. [] is investigating a secret $3 million settlement that longtime chief executive Vince McMahon agreed to pay to a departing employee with whom he allegedly had an affair, according to documents and people familiar with the board inquiry." The article further revealed, among other things, that "[t]he board's investigation, which began in April, has unearthed other, older nondisclosure agreements involving claims by former female WWE employees of misconduct by Mr. McMahon and one of his top executives, John Laurinaitis, the head of talent relations at WWE, the people said." On this news, WWE's stock price fell $2.31 per share, or 3.4%, to close at $64.87 per share on June 16, 2022, the next full trading day.
On June 17, 2022, before trading hours, WWE issued a press release entitled "WWE® & Board of Directors Joint Release" which announced that "a Special Committee of the Board is conducting an investigation into alleged misconduct by its Chairman and CEO Vincent McMahon and John Laurinaitis, head of talent relations, and that, effective immediately, McMahon has voluntarily stepped back from his responsibilities as CEO and Chairman of the Board until the conclusion of the investigation." On this news, WWE's stock fell $2.36 per share, or 3.6%, to close at $62.51 per share on June 17, 2022.
On July 22, 2022, Vince McMahon announced his retirement from WWE.
On July 25, 2022, WWE filed with the SEC a current report on Form 8-K which announced, among other things, that "[t]he Company has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future), and that were not recorded in the WWE consolidated financial statements, should have been recorded as expenses in the quarters in which those agreements were made (the "Unrecorded Expenses")[,]" which "[a]s of the date hereof, the Company has identified Unrecorded Expenses totaling approximately $14.6 million." The report further announced that "the Company currently anticipates that it will revise its previously issued financial statements to record the Unrecorded Expenses in the applicable periods for the years ended December 31, 2019, 2020 and 2021, as well as the first quarter of 2022[.]" Finally the report also announced that "[t]he Company has also received, and may receive in the future, regulatory, investigative and enforcement inquiries, subpoenas or demands arising from, related to, or in connection with these matters."
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
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
View original content to download multimedia:
SOURCE Rosen Law Firm, P.A. | https://www.wbay.com/prnewswire/2022/07/26/wwe-investor-news-rosen-trusted-top-ranked-investor-counsel-encourages-world-wrestling-entertainment-inc-investors-inquire-about-securities-class-action-investigation-wwe/ | 2022-07-26T19:49:46Z | https://www.wbay.com/prnewswire/2022/07/26/wwe-investor-news-rosen-trusted-top-ranked-investor-counsel-encourages-world-wrestling-entertainment-inc-investors-inquire-about-securities-class-action-investigation-wwe/ | true |
Denise Van Outen has 'her smile and sparkle back' with new man Jimmy Barba following her split from ex Eddie Boxshall, says pal Duncan James
Denise Van Outen's good friend Duncan James insists his pal has got 'her sparkle back' after finding love again following her split from Eddie Boxshall.
TV presenter Denise, 48, ended her seven-year relationship with Eddie back in January this year after discovering unfaithful messages, but she is now dating new man Jimmy Barba.
Speaking of his delight at seeing his friend content in her life again, Duncan told the Mirror: 'After the year that she's had, she just deserves some happiness.
All smiles: Denise Van Outen's good friend Duncan James insists his pal has got 'her sparkle back' after finding love again following her split from Eddie Boxshall
'I'm just really happy for her and she's got her smile back and her sparkle back it's really lovely to see that.'
Former Big Brother Italy contestant and aspiring musician Jimmy makes the television personality laugh like no other man she's ever met.
Sources told MailOnline he has arrived at the 'perfect moment' for Denise.
End of the road: Denise, 48, ended her seven-year relationship with Eddie in January after discovering unfaithful messages, and Duncan (pictured) is happy she's content in her life again
The insider said: 'Denise has had a really difficult few months since the split with Eddie.
'She wanted to give herself time to trust again and that was a tough process to go through after everything that went on when things broke down with Eddie.
'But then she met Jimmy and it just felt right. He makes her laugh out loud, he's a very funny, charismatic and outgoing guy and is able to make Denise laugh like she never has before.
Loved-up: Denise is now dating new man Jimmy Barba (pictured), with the former Big Brother Italy contestant making the television personality laugh like no other man she's ever met
'He cracks her up and they are very happy together. It's obviously very early days but it's very clear that Jimmy is keen on Denise.'
It comes as it emerged Eddie is working on a new song about his split from Denise.
Former city trader Eddie, 49, is now detailing the end of the couple's romance in the new track.
New venture: It comes as it emerged Eddie is working on a new song about his split from Denise (pictured with DJ Luke Hemmings)
He told MailOnline: 'The first edit of the track was something I worked on with a fellow producer and close friend Mark Dedross after only a couple of months of splitting with Denise.
'After more time the first edit felt too depressing so we reworked it to be a more up beat Nu Disco track where the lyrics became a more rhetorical question.
'“Now that you’re gone , what am I gonna do?” became a positive note that life will carry on regardless of the public break up, my error of judgement at that time and also the unfounded accusations.'
Eddie insisted there were no hard feelings on his part, but admitted Denise's new romance with Jimmy has developed quickly.
He added: 'I’m happy for her newfound whirlwind love and romance with her new partner and I sincerely wish them both the best luck in the world going forward.'
Moving on: Eddie told MailOnline: 'I’m happy for her newfound whirlwind love and romance with her new partner and I sincerely wish them both the best' (Eddie and Denise pictured in 2019) | https://www.dailymail.co.uk/tvshowbiz/article-11051143/Denise-Van-Outen-smile-sparkle-new-man-Jimmy-Barba.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-26T19:53:28Z | https://www.dailymail.co.uk/tvshowbiz/article-11051143/Denise-Van-Outen-smile-sparkle-new-man-Jimmy-Barba.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
LA Times Today: SoCal’s most remarkable tide pools
Watch L.A. Times Today at 7 p.m. on Spectrum News 1 on Channel 1 or live stream on the Spectrum News App. Palos Verdes Peninsula and Orange County viewers can watch on Cox Systems on channel 99.
A day at the beach can be as educational as it is relaxing.
From sea anemones to hermit crabs, there is no shortage of life in California’s tide pools.
L.A. Times contributor Catherine Pearlman visited some of Southern California’s most remarkable tide pools.
From sea anemones to hermit crabs, there is no shortage of life in California’s tide pools.
L.A. Times contributor Catherine Pearlman visited some of Southern California’s most remarkable tide pools. | https://www.latimes.com/travel/socal-tide-pools-latt-123 | 2022-07-26T19:54:19Z | https://www.latimes.com/travel/socal-tide-pools-latt-123 | false |
This development's new 24,000 SF clinic space will offer a new primary care, retail pharmacy and walk-in clinic that will provide expanded health services to an area of Billings that is experiencing significant growth.
BILLINGS, Mont., July 26, 2022 /PRNewswire/ -- PMB along with SCL Health Medical Group, now Intermountain Healthcare, will officially kick off construction of a new two-story 63,000 square foot medical building on the West End at a groundbreaking ceremony on Monday, July 25, 2022. The development's new 24,000 square foot clinic space located at 602 Henry Chapple St., Billings, MT 59102 will offer a new primary care, retail pharmacy and walk-in clinic that will provide expanded healthcare services to an area of Billings that is experiencing significant growth.
"Our mission is to bring primary and specialty care to Montanans when and where they need it," said Lee Syphus, Vice President of SCL Health Medical Group in Montana. "That's why we're growing our Medical Group practice across the state, and we're excited to provide this growing community with easier access to care."
The new clinic will offer primary care services by appointment on weekdays, plus walk-in care open 365 days a year with no appointment necessary. Roughly five family medicine providers, five walk-in providers and three internal medicine specialists will make up the full-time medical staff to start, with a total of 10 internal medicine specialists planned. The clinic space will also offer a convenient retail pharmacy, a one-stop shop where patients can access care and pick up prescriptions at the same time.
Additionally, SCL Health uses patient-friendly tools that allow online scheduling and check-in, which makes it easy to get care when needed, whether it's planned or unplanned.
"West End is the fastest-growing area of Billings, and we're proud to be a part of building out essential services for this community," said Jake Dinnen, Senior Vice President for healthcare developer PMB.
"It's also the area of town with the least access to primary care services," said Syphus. "Identifying and addressing these gaps in care is core to our mission and our promise to deliver high-quality, comprehensive care close to home."
San Diego-based PMB is the developer, the design was created by Billings-based Collaborative Design, and the contractor is Billings-based Hardy Construction.
PMB is a purpose-driven healthcare real estate developer with a mission to improve healthcare delivery, effect change, and positively impact communities. Our company is 100 percent focused on healthcare real estate across the continuum of care including behavioral health, life sciences, ambulatory care centers, medical office buildings, inpatient hospitals, post-acute hospitals, senior living facilities, and parking structures. PMB has developed over 115 facilities to date representing approximately 6 million square feet. The firm owns and manages 70 medical facilities comprising over 5.2 million square feet. For more information, please visit our website at www.pmbllc.com or our blog at https://pmbllc.com/pmb-scl-health-medical-group-break-ground-on-a-63000-sf-medical-office-building-in-billings-mont
SCL Health Medical Group is now part of Intermountain Healthcare, a Utah-based nonprofit health system of 33 hospitals, 385 clinics and more than 3,800 physicians and advanced care providers across seven states in the Rocky Mountain west. Intermountain is widely recognized as a leader in adopting evidence-based practices to deliver consistent high-quality outcomes at sustainable cost. Within that system, SCL Medical Group comprises more than 830 providers and 160 primary and specialty care clinics in Colorado, Montana and Northern Wyoming.
View original content to download multimedia:
SOURCE PMB | https://www.wagmtv.com/prnewswire/2022/07/26/pmb-amp-scl-health-medical-group-break-ground-63000-sf-medical-office-building-billings-mont/ | 2022-07-26T19:55:18Z | https://www.wagmtv.com/prnewswire/2022/07/26/pmb-amp-scl-health-medical-group-break-ground-63000-sf-medical-office-building-billings-mont/ | true |
TIRANA, Albania (AP) — Albania’s former President Ilir Meta on Monday took over the leadership of his old political party and pledged to fight government corruption through referendums.
Meta, 53, who was replaced Sunday by new President Bajram Begaj, was elected Monday as leader of a committee that would re-organize his old left-wing Socialist Movement for Integration party, or LSI, into a re-named the Party of Freedom.
After he was elected as the country’s president in 2017, Meta left the party’s post, which was taken over by his wife, Monika Kryemadhi. She resigned five years later.
Following Meta’s passionate speech against the Socialist-led government of Prime Minister Edi Rama, the LSI convention decided to change the party’s name and reorganize.
The former president started his political career with the left-wing Socialist Party, but in 2004 left it to form the smaller LSI. During his presidency, Meta often clashed with the Socialists government, blocking the nominations of ministers and vetoing legislation. | https://www.cenlanow.com/international/ap-international/albanias-ex-president-takes-over-his-old-political-party/ | 2022-07-26T19:55:50Z | https://www.cenlanow.com/international/ap-international/albanias-ex-president-takes-over-his-old-political-party/ | false |
COLUMBUS, Ohio (WCMH) — A butter sculpture of five Ohio kids and their fair animals stands alongside the iconic butter cow at the Ohio State Fair this year.
The American Dairy Association Midwest selected five participants showing their animals including a lamb, chicken, and a pig “to reflect on the true meaning and traditions of the fair, which began in 1850.”
Made from approximately 2,530 pounds of butter, this is the largest butter cow displayed at the Ohio State Fair to date and the first display built in two years.
Over the weekend, the sculptors started their assembly by building wooden and steel frames to support the weight of the butter. They worked with 55-pound blocks for hours layering, molding, and smoothing the butter in a 46-degree cooler inside the Dairy Products Building at the Ohio Expo Center.
Over the years at the Ohio State Fair, the American Dairy Association Mideast has honored great Ohioans and moments in Ohio history such as Brutus Buckeye and Urban Meyer after the Ohio State Football National Championship win in 2015, the Cleveland Cavaliers after their 2016 NBA Championship win, and most recently in 2019 the Apollo 11 crew and Neil Armstrong’s 50th anniversary of becoming the first person to walk on the moon.
The fair runs from Wednesday, July 27, through Sunday, August 7. | https://www.wivb.com/news/national/ohio-state-fair-butter-sculptures-revealed/ | 2022-07-26T19:58:43Z | https://www.wivb.com/news/national/ohio-state-fair-butter-sculptures-revealed/ | false |
SC, others sue Biden Administration over school nutrition assistance
COLUMBIA, S.C. (WCSC) - South Carolina’s attorney general joined 21 other attorneys general in a lawsuit filed Tuesday over what calls new White House guidance on sex discrimination that threats schools and programs that rely on federal nutrition assistance.
The USDA’s Food and Nutrition Services issued the guidance to states on May 5 announcing that discrimination based on sex in Title IX and the Food and Nutrition Act includes discrimination based on “sexual orientation and gender identity,” Attorney General Alan Wilson says.
That, he said, put South Carolina’s Title IX and SNAP school lunch funding at risk.
“I’m not going to stand by and let the Biden administration hold school lunches hostage over radical ideology,” Wilson said. “This administration continues to try to redefine its role, but no matter what they want to do, this administration can’t redefine its executive power defined in the Constitution. The fact remains that the president did not follow the law in trying to implement this.”
In the suit, the attorneys general argue the USDA’s Guidance is illegal because:
- It was issued without providing the state and other stakeholders the opportunity for input as required by the Administrative Procedures Act.
- The USDA premised its guidance on an obvious misreading and misapplication of the Supreme Court’s holding in Bostock v. Clayton County.
- The Guidance imposes new and unlawful regulatory measures on state agencies and operators receiving federal financial assistance from the USDA. This will inevitably result in regulatory chaos that threatens essential nutritional services to some of the most vulnerable citizens.
A coalition of 26 attorneys general called on Biden to withdraw that guidance in a letter on June 14.
In that letter, they argue that the guidelines state the intent is to “provide direction to stae agencies and program operators regarding processing program complaints that allege discrimination on the basis of gender identity and sexual orientation in programs or activities receiving federal assistance.”
But, they argue, by “vastly expanding the concept of ‘discrimination on the basis of sex’ to include gender identity and sexual oriention, the guidance does more more than offer direction.”
“It imposes new—and unlawful—regulatory measures on state agencies and operators receiving federal financial assistance from the USDA,” the letter states. “And the inevitable result is regulatory chaos that would threaten the effective provision of essential nutritional services to some of our most vulnerable citizens.”
The APA, the letter states, requires that the public be given notice and afforded the opportunity to comment when a government agency engages in substantive law or policymaking.
The National School Lunch Program services nearly 30 million school children each day, many of whom rely on it for breakfast, lunch, or both, Wilson’s office says. Approximately 100,000 public and non-profit private schools and residential childcare institutions receive federal funding to provide subsidized free or reduced-price meals for qualifying children.
South Carolina joined the lawsuit, which was led by Tennessee Attorney General Herbert Slatery III and Indiana Attorney General Todd Rokita. Other states joining the suit are Alabama, Alaska, Arizona, Arkansas, Georgia, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Montana, Nebraska, Ohio, Oklahoma, South Dakota, Texas, Utah, Virginia, and West Virginia.
Copyright 2022 WCSC. All rights reserved. | https://www.wistv.com/2022/07/26/sc-others-sue-biden-administration-over-school-nutrition-assistance/ | 2022-07-26T19:58:59Z | https://www.wistv.com/2022/07/26/sc-others-sue-biden-administration-over-school-nutrition-assistance/ | false |
BUFFALO, N.Y. (WIVB) — Through the federal Uniting for Ukraine program, at least 100,000 Ukrainians will be admitted to the United States as they flee a country under invasion by Russia.
Those who arrive will be in the United States for a two-year period of parole. Here’s how the program works:
A Ukrainian seeking to come here will first need a financial sponsor in the United States for the duration of their stay. The American must file a declaration of financial support. The government will then make sure they’re able to financially support someone.
On Tuesday morning, Dr. Molly Carr, the CEO of Jewish Family Services of WNY, was at the Dnipro Ukrainian Cultural Center in Buffalo for an announcement. She says Jewish Family Services of WNY (JFS) was approached by Jewish Federations of North America (JFNA) with a funding offer for resources for sponsorship circles and behavioral health services for people coming here.
“Sponsorship circles allow JFS to work with teams of volunteers to provide extended support while also ensuring that professional JFS staff are available to provide trauma care and counseling,” Dr. Carr said.
These sponsorship circles are made up of at least five people. Last week, JFS held two informational sessions on becoming a sponsor. Two more sessions will be held on August 2 (Dnipro Ukrainian Cultural Center, Buffalo) and August 4 (Jewish Community Center, Getzville) at 6 p.m.
JFNA is collaborating with The Shapiro Foundation in this effort. More information on the Uniting for Ukraine program can be found here. Information on opportunities to help through Jewish Family Services can be found here.
Latest Posts
- Ohio State Fair butter sculptures revealed
- GOP lawmaker attends gay son’s wedding after voting against marriage equality
- Republican lawmakers want to increase pilot retirement age amid airline struggles
- Plan for distribution of Buffalo 5/14 Survivors Fund posted
- More people calling out sick from work, data shows
Evan Anstey is an Associated Press Award and Emmy-nominated digital producer who has been part of the News 4 team since 2015. See more of his work here and follow him on Twitter. | https://www.wivb.com/news/local-news/buffalo/jewish-family-services-showing-people-how-they-can-sponsor-ukrainians-coming-to-us/ | 2022-07-26T19:59:01Z | https://www.wivb.com/news/local-news/buffalo/jewish-family-services-showing-people-how-they-can-sponsor-ukrainians-coming-to-us/ | true |
WFO PORTLAND Warnings, Watches and Advisories for Wednesday, July 27, 2022
_____
AIR QUALITY ALERT
Air Quality Alert Message
Southwest Clean Air Agency
Oregon Department of Environmental Quality
Lane Regional Air Protection Agency
Relayed by National Weather Service Portland OR
1157 AM PDT Tue Jul 26 2022
...AIR QUALITY ADVISORY IN EFFECT FOR THE WILLAMETTE AND LOWER
COLUMBIA RIVER VALLEYS UNTIL 9 PM PDT SATURDAY...
The Southwest Clean Air Agency, the Oregon Department of
Environmental Quality, and the Lane Regional Air Protection Agency
have issued an Air Quality Advisory, which is in effect until 9 PM
PDT Saturday.
An Air Quality Advisory for ozone has been issued. High levels of
ozone in the lower atmosphere in the region combined with forecasted
conditions will cause air quality to reach unhealthy levels for
sensitive groups at times through Saturday evening. This includes
children, people over 65, pregnant women, and people with heart
disease or respiratory conditions. Health officials recommend
sensitive groups limit outdoor activity when pollution levels are
high.
DEQ urges residents to protect their health and limit activities
that cause pollution during the heat wave. Recommendations include:
1. Limit driving by using public transit, carpooling and other
alternative transportation.
2. Avoid unnecessary engine idling.
3. Refuel vehicles during cooler evening hours.
4. Postpone mowing the lawn or using leaf blowers.
5. Postpone painting and aerosol spray projects.
Smog irritates the eyes, nose and lungs and contributes to breathing
problems. Consult your health care provider if these symptoms
worsen.
Ozone forms when hot temperatures and low winds combine with
pollution from cars, gas-powered engines and chemicals in paints and
aerosols. These air pollutants react with sunlight and heat to
produce ozone and haze.
Ozone pollution increases throughout the day with exposure to
sunlight so pollution levels tend to be highest during the afternoon
and early evening hours. Air quality monitors may show good air
quality in the morning, then quickly jump to unhealthy levels later
in the day.
More information about air quality can be found at:
_____
Copyright 2022 AccuWeather | https://www.sfgate.com/weather/article/WA-WFO-PORTLAND-Warnings-Watches-and-Advisories-17330295.php | 2022-07-26T19:59:33Z | https://www.sfgate.com/weather/article/WA-WFO-PORTLAND-Warnings-Watches-and-Advisories-17330295.php | true |
NEW YORK (AP) — Stocks are being dragged lower early Tuesday after a warning from corporate giant Walmart that inflation was negatively impacting American consumers’ spending power.
The S&P 500 index was down 0.9% as of 11:15 a.m. Eastern. The Dow Jones Industrial Average lost 0.4% and the Nasdaq Composite was down noticeably more, falling 1.4%.
Walmart shares dropped nearly 9% after the retail giant cut its profit outlook for the second quarter and the full year, saying rising prices for food and gas are forcing shoppers to cut back on discretionary items, particularly clothing, that carry higher profit margins.
Walmart’s profit warning in the middle of the quarter is rare, and raised worries about how the highest inflation in 40 years is affecting the entire retail sector. The stocks of other major chains, including Target, Macy’s and Kohl’s, fell following Walmart’s announcement.
Investors have remained deeply concerned about the negative impacts of inflation on company profits and how it will impact the U.S. consumer. While Americans’ balance sheets are relatively strong from the savings they built up during the pandemic, those savings are being spent on high gas and food prices.
Shares of automaker General Motors were down roughly 2% after the company said its second-quarter profit fell 40% from a year ago, as computer chip and parts shortages hobbled factory output and drove the company’s U.S. sales down more than 15%.
The Detroit automaker earned $1.67 billion from April through June, well below the $2.79 billion it made a year earlier. GM couldn’t deliver 95,000 vehicles during the quarter because it lacked parts.
Investors are also looking to the Federal Reserve, which is is expected to announce a rate hike of up to three-quarters of a percentage point on Wednesday, triple the usual margin. The central bank is waging an aggressive campaign to stem four-decade high inflation. The expected hike would put the Fed’s benchmark rate in a range of 2.25% to 2.5%, the highest since 2018.
Tech heavyweights Apple, Meta, Microsoft and Amazon are due to report their results later this week.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. | https://wtmj.com/national/2022/07/26/grim-news-from-walmart-sends-us-markets-tumbling-5/ | 2022-07-26T19:59:59Z | https://wtmj.com/national/2022/07/26/grim-news-from-walmart-sends-us-markets-tumbling-5/ | false |
This development's new 24,000 SF clinic space will offer a new primary care, retail pharmacy and walk-in clinic that will provide expanded health services to an area of Billings that is experiencing significant growth.
BILLINGS, Mont., July 26, 2022 /PRNewswire/ -- PMB along with SCL Health Medical Group, now Intermountain Healthcare, will officially kick off construction of a new two-story 63,000 square foot medical building on the West End at a groundbreaking ceremony on Monday, July 25, 2022. The development's new 24,000 square foot clinic space located at 602 Henry Chapple St., Billings, MT 59102 will offer a new primary care, retail pharmacy and walk-in clinic that will provide expanded healthcare services to an area of Billings that is experiencing significant growth.
"Our mission is to bring primary and specialty care to Montanans when and where they need it," said Lee Syphus, Vice President of SCL Health Medical Group in Montana. "That's why we're growing our Medical Group practice across the state, and we're excited to provide this growing community with easier access to care."
The new clinic will offer primary care services by appointment on weekdays, plus walk-in care open 365 days a year with no appointment necessary. Roughly five family medicine providers, five walk-in providers and three internal medicine specialists will make up the full-time medical staff to start, with a total of 10 internal medicine specialists planned. The clinic space will also offer a convenient retail pharmacy, a one-stop shop where patients can access care and pick up prescriptions at the same time.
Additionally, SCL Health uses patient-friendly tools that allow online scheduling and check-in, which makes it easy to get care when needed, whether it's planned or unplanned.
"West End is the fastest-growing area of Billings, and we're proud to be a part of building out essential services for this community," said Jake Dinnen, Senior Vice President for healthcare developer PMB.
"It's also the area of town with the least access to primary care services," said Syphus. "Identifying and addressing these gaps in care is core to our mission and our promise to deliver high-quality, comprehensive care close to home."
San Diego-based PMB is the developer, the design was created by Billings-based Collaborative Design, and the contractor is Billings-based Hardy Construction.
PMB is a purpose-driven healthcare real estate developer with a mission to improve healthcare delivery, effect change, and positively impact communities. Our company is 100 percent focused on healthcare real estate across the continuum of care including behavioral health, life sciences, ambulatory care centers, medical office buildings, inpatient hospitals, post-acute hospitals, senior living facilities, and parking structures. PMB has developed over 115 facilities to date representing approximately 6 million square feet. The firm owns and manages 70 medical facilities comprising over 5.2 million square feet. For more information, please visit our website at www.pmbllc.com or our blog at https://pmbllc.com/pmb-scl-health-medical-group-break-ground-on-a-63000-sf-medical-office-building-in-billings-mont
SCL Health Medical Group is now part of Intermountain Healthcare, a Utah-based nonprofit health system of 33 hospitals, 385 clinics and more than 3,800 physicians and advanced care providers across seven states in the Rocky Mountain west. Intermountain is widely recognized as a leader in adopting evidence-based practices to deliver consistent high-quality outcomes at sustainable cost. Within that system, SCL Medical Group comprises more than 830 providers and 160 primary and specialty care clinics in Colorado, Montana and Northern Wyoming.
View original content to download multimedia:
SOURCE PMB | https://www.wbrc.com/prnewswire/2022/07/26/pmb-amp-scl-health-medical-group-break-ground-63000-sf-medical-office-building-billings-mont/ | 2022-07-26T20:00:19Z | https://www.wbrc.com/prnewswire/2022/07/26/pmb-amp-scl-health-medical-group-break-ground-63000-sf-medical-office-building-billings-mont/ | false |
PORTLAND, Maine — A former Biddeford Middle School special education assistant has pleaded guilty to a federal charge of possession of child pornography.
Jesse Kiesel, 49, of Biddeford pleaded guilty last week to one felony count o possession of child pornography and federal prosecutors dismissed a second charge of attempted transfer of obscene materials to a minor.
Prosecutors said that in April 2021 Kiesel engaged in a chat using the social media platform SnapChat and Google Hangouts with an undercover member of law enforcement posing as a 13-year-old girl.
During the chat, Kiesel steered the conversation towards the topics of sex and sexual contact, and ultimately transmitted sexually explicit photos and video to the undercover officer, according to court documents.
In May 2021, law enforcement executed a search warrant at Kisiel's home and found a computer with more than 600 photos and videos of child pornography that Kiesel had located on the "dark web," prosecutors said.
Kiesel faces a maximum sentence of 20 years in prison and a $250,000 fine. According to the plea agreement, prosecutors agreed to recommend a sentence of no more than 87 months.
A date for sentencing has not yet been set.
The case was investigated by Homeland Security Investigations with assistance from the Biddeford Police Department, Newbury Police Department in Massachusetts, and the United States Marshals Service. | https://www.newscentermaine.com/article/news/crime/former-biddeford-school-ed-tech-pleads-guilty-to-federal-child-pornography-charge-special-education-educaation-technician/97-5d0e5599-6d85-42b2-a453-335c1936958b | 2022-07-26T20:04:56Z | https://www.newscentermaine.com/article/news/crime/former-biddeford-school-ed-tech-pleads-guilty-to-federal-child-pornography-charge-special-education-educaation-technician/97-5d0e5599-6d85-42b2-a453-335c1936958b | true |
When the World Health Organization declared monkeypox a public health emergency over the weekend, it also warned of another threat to society:
"Stigma and discrimination can be as dangerous as any virus," said WHO Director-general Tedros Adhanom Ghebreyesus.
In fact, the WHO emergency committee that had previously considered whether to issue such a declaration was unable to reach a consensus in part because of concerns about the risk of stigma, marginalization and discrimination against the communities hit hardest by the virus.
The global monkeypox outbreak appears to mostly affect men who have sex with other men. A study published in the New England Journal of Medicine found that 98% of people diagnosed with the virus between April and June in more than a dozen countries identify as gay or bisexual men, and the WHO says that 99% of U.S. cases are related to male-to-male sexual contact.
That means that the public health systems can target their messaging and interventions to the specific communities most at risk. But it also carries the risk of stigmatizing those populations, while sowing complacency in others that could still be vulnerable.
Public health experts stress that monkeypox is relevant to everyone, since it can spread through skin-to-skin contact and potentially contaminated objects like clothing or towels. And viruses can infect anyone. The U.S. has already documented two cases of monkeypox in children, for example.
"While we may be seeing clusters primarily in certain groups of people, viruses do not discriminate by race, by religion, or by sexual orientation," infectious disease researcher Dr. Boghuma Titanji told NPR.
How exactly can leaders educate people about monkeypox without stigmatizing those who are most likely to be affected by it?
At a Tuesday briefing, White House adviser Dr. Ashish Jha urged people not to "use this moment to propagate homophobic or transphobic messaging," instead encouraging them to stick to evidence and facts, and to do so respectfully.
Steven Thrasher, a writer and professor at Northwestern's Medill School of Journalism, says part of the solution is having adequate resources in place for testing, vaccinating and supporting people when they're diagnosed (the U.S. has been criticized for its limited supply of vaccines, but is expected to make more available in the coming weeks). Another part is tackling homophobia itself.
"Because as long as there is a homophobic society and people are afraid of what it means to come forward, that this thing will make people think that they're gay, then they're not going to want to come forward," Thrasher told NPR last month. "And there's no easy fix for that. That's a long-term problem that needs long-term thinking to undo and make different."
How to think about risks and be proactive
The monkeypox virus is similar to smallpox and endemic to Africa — nearly all cases previously found outside the continent were tied to international travel and imported animals. What's different now is how well it spreads through intimate person-to-person contact, says Jason Cianciotto, a vice president of Gay Men's Health Crisis.
"But it doesn't necessarily have to be sexual: cuddling, massage, sharing bedding or towels that have come in contact with pustules," he told NPR's Weekend Edition. "Even if you're fully clothed, if you're on the dance floor or dancing close to someone, there is the possibility of transmission."
Dr. Ali Khan, a former official of the Centers for Disease Control and Prevention who worked on previous monkeypox outbreaks in Indiana and the Democratic Republic of Congo, says about 95% of infections are transmitted by sexual contact.
He tells Morning Edition that the fact that the outbreak is most concentrated among men who have sex with men provides a good opportunity for prevention activities within this group, which has been proactive about getting information and lining up for vaccinations.
"But there is the reminder that people who are not amongst this group are at risk, and we need to be concerned — not panicked, but concerned — and make sure that we do adequately prevent this infection from continuing to spread," he says. Khan added that public health data plays a crucial role in identifying cases, treating individuals, vaccinating close contacts and slowing the spread.
There were 3,487 confirmed cases reported in the U.S. as of Monday. And as Cianciotto notes, a rise in cases doesn't just mean that more people are at risk — it could mean that more vulnerable people are at risk.
"I'm really concerned that if the monkeypox outbreak goes unchecked, that it, too, will concentrate among low-income communities of color where HIV and COVID-19 is concentrating among immigrants, particularly those undocumented who are afraid to access health care," he said. "And that would be a tragedy."
Why stigma is dangerous, and how to combat it
Titanji, the clinical researcher, says it's dangerous for public health messaging to falsely suggest that monkeypox is not an issue of concern to anyone other than men who have sex with men.
That's in part because it breeds stigma, which could prevent infected people from coming forward, seeking care and alerting their close contacts.
"When we are trying to contain an outbreak, what we want ... is people to seek medical care when they see suspected lesions, so that they can be tested and be offered the treatment they need," she says.
She adds that most people won't need to be hospitalized for treatment, since many tend to recover with supportive care, hydration and isolation. (The CDC says more than 99% of patients can expect to survive, though some researchers worry monkeypox could mutate and become more dangerous).
Failure to address stigma early on can also create a sense of complacency in other segments of the population who may not otherwise be paying attention to the public health emergency, Titanji adds.
She says it's important for public health officials to act early, and offer messaging that is not only clear but can also earn and restore the public's trust. For her personally, that involves sticking to facts, acknowledging unknowns and being clear that information may change as the science evolves.
Cianciotto says there are three main pieces of information he would like to share with men who have sex with men.
"The first is to be aware, but don't panic," he says. "The second is that if they have flu-like symptoms or start to see a rash, to seek medical attention and stay home, right? And the third is just to care for each other, right? And that's what the second thing is about — knowing and understanding, just like we did for COVID-19. If we don't feel well, don't go out, get the help that we need and care for and educate each other."
What the HIV/AIDS response can teach us
Public health experts and advocates are looking back at the HIV/AIDS crisis of the 1980s and 1990s as an example of what not to do.
Titanji explains that because some of the first cases of HIV were identified in gay men, it was quickly — and inaccurately — labeled "a gay disease."
The stigma and blame kept many people hidden in shame, causing pain and suffering in the LGBTQ community. It also meant that public health officials didn't channel the appropriate resources into addressing the outbreak when it first began.
"In hindsight, we know that the impacts of that stigma that was present in the early days of the HIV response lingered for multiple years later on, and we have essentially been playing catch-up to destigmatize HIV since that time," Titanji says, adding that she sees parallels with the monkeypox outbreak today.
Cianciotto, of Gay Men's Health Crisis, says one of the most important takeaways from the HIV/AIDS crisis is the value of a sex-positive approach to education. He points to New York City, where thousands of appointments for monkeypox vaccines filled up within a matter of hours, as proof that people in these vulnerable groups will take appropriate precautions if given the right information.
"We are not going to end HIV, and we're certainly not going to curtail the monkeypox epidemic, by trying to shame people into not having sex or only having certain types of sex with certain people," he adds. "When you equip people with the information they need to make healthy choices for themselves and for their community, and when you help them approach those decisions with self-love and acceptance, it's amazing what the community is able to achieve."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.iowapublicradio.org/news-from-npr/news-from-npr/2022-07-26/as-monkeypox-spreads-know-the-difference-between-warning-and-stigmatizing-people | 2022-07-26T20:05:13Z | https://www.iowapublicradio.org/news-from-npr/news-from-npr/2022-07-26/as-monkeypox-spreads-know-the-difference-between-warning-and-stigmatizing-people | false |
FREDERICK — For the second straight year, the Mountain District champion advanced to the American Legion state tournament title game, and for the second straight year, Western Maryland came up just short.
Following in Garrett County's footsteps in 2021, Fort Cumberland Post 13 won three games this weekend to advance to the final day. However, Francis Scott Key Post 11 hurler Ryan DeSanto proved to be too much.
Fort Cumberland, in search of its first state championship since 1976, took too long to figure out DeSanto, as Post 13's comeback attempt came up a little short to fall to FSK, 4-2, at McCurdy Field on Tuesday morning.
Frostburg Post 24 in 1991 remains as the most recent Western Maryland legion squad to win the tournament.
It's Post 11's first state crown since 1998.
"The DeSanto kid came out there, and he was blistering us," Fort Cumberland manager Scott Stevenson said. "He was throwing strikes, striking kids out. It's tough to win games when you strike out that many times.
"As long as we held them close, 4-0, I kept telling them, 'We're still in this game, chip away.' ... Cayden (Bratton) pitched his tail end off. He did his job. We just couldn't get it done offensively."
Fort Cumberland faced an uphill battle entering Tuesday. With a 3-1 mark in state tournament play, Post 13 needed to beat FSK Post 11, the tournament hosts, twice because they were undefeated at 4-0 in the double-elimination format.
More than that, Fort Cumberland also faced the task of figuring out a 6-foot-4 Division 1-bound pitcher in DeSanto, who, along with his twin brother Drew DeSanto, are committed to Saint Joseph's.
For five innings, Fort Cumberland had no luck in that department.
DeSanto retired 15 straight batters to begin the game, and his offense contributed three runs to the cause in the second and another in the fourth for a 4-0 lead.
Yet, Post 13 once again showcased the never-say-die attitude they've displayed during the week.
Bratton, the starting pitcher, opened the top of the sixth with a first-pitch single to right field, erasing any thoughts of a perfect game or a no-hitter with one swing of the bat.
Three batters later, Bradyn Speir took care of the shutout with a sacrifice fly to center field.
"We didn't have a baserunner for five innings, and once we got a baserunner you could tell he couldn't hit the strike zone as well," Bratton said. "He was a little bit rattled. We did our job at the end, but we could've started off like that, too."
Before Speir's sacrifice fly, Fort Cumberland had a small opening for a big sixth inning.
Landon McAlpine drew a walk after Bratton's single to put runners on first and second with no outs, and Tyler Wilhelm laid down a bunt down the left side. The bunt hung up in the air and the FSK third baseman dove for the catch.
The ball was just out of reach, however, McAlpine rightly froze on the elevated bunt to avoid a possible double play had it been caught. FSK alertly corralled the baseball, which bounced perfectly in its fielder's lap, and made a good throw to get the force out at second.
Baseball is a game of inches, and it was a crucial, possibly decisive moment for the ball to bounce Francis Scott Key's way. It was nearly a bases-loaded, no-out jam, and it resulted in just one run.
Still, Fort Cumberland brought the go-ahead run to the plate in the seventh. With two outs and nobody on, Griffin Madden drew a walk, and Alex Kennell threw his hands at a two-strike offering from DeSanto for a single up the middle.
More importantly, DeSanto finally hit his pitch limit at 109 during Kennell's at-bat, and his brother Drew DeSanto came on for the final out.
Bratton recorded his second base hit of the game with an RBI single to cut the Post 13 deficit to 4-2, but DeSanto was able to get McAlpine to fly out to left field to win the championship.
Stevenson drew similarities between Ryan DeSanto and Southern ace Isaac Upole, a West Virginia signee. Both are towering lefties that rely heavily on their exceptional fastballs.
DeSanto also draws comparisons to Clear Spring lefthander Hutson Trobaugh, who is no stranger to Allegany County having pitched gems against both Mountain Ridge and Allegany last high school baseball season.
Yet, DeSanto and Trobaugh, an Old Dominion commit, differ in their pitch sequence. DeSanto almost exclusively gets ahead in counts with his fastball, and Trobaugh likes to pitch backward and use his off-speed stuff early and often.
It was merely a different version of the same story, as DeSanto shined in allowing just two hits and two earned runs with 14 strikeouts and two walks in 6 2/3 innings pitched in a dominating victory over Fort Cumberland.
For his efforts, DeSanto was named both Most Valuable Player and Best Pitcher of the tournament — the first such player to win both awards in the same tourney since 2009.
"I was just trying to use my fastball to get ahead in counts, try to get that 0-1," DeSanto said. "The fastball was working well in and out, and then I was using the curveball when I needed to and the changeup on hitters that I thought were timed up on my fastball."
While Bratton was out-dueled by his dominating counterpart, his performance was nothing to be ashamed of. On just three days rest, Bratton went the distance, allowing four runs on seven hits with two strikeouts and one walk in six innings pitched.
The main damage dealt by FSK occurred in the second frame. Drew DeSanto, Logan Keepers and Kyle Cruz all had RBIs in the inning, and Kade Linton doubled in the third to make it 4-0 Post 11.
After that, Bratton put up three straight zeroes to give his offense a chance.
It wasn't the result Fort Cumberland had hoped for, but Post 13 put on an impressive showing. FSK was just a team of destiny, ending a 24-year state championship drought on its home field.
"It was a great experience for me, for coach (Pat) Brode, for all these players," Stevenson said. "If you'd have asked anybody, where do you think Cumberland would be come Saturday? I think a lot of folks would've said they'd be in their cars on their way home.
"We proved a point here. We wanted to show folks what we're capable of doing. When the game was over, a couple of the umpires came over to say that our kids are quality kids, played hard throughout and they were very polite.
"As a coach, that's all I can ask for. I think we represented Fort Cumberland Post 13 very well down here in this tournament." | https://www.times-news.com/sports/local_sports/fort-cumberland-state-runner-up-after-4-2-defeat-to-fsk-post-11/article_71d16a50-0d0b-11ed-a9a3-bf003f0655a8.html | 2022-07-26T20:08:35Z | https://www.times-news.com/sports/local_sports/fort-cumberland-state-runner-up-after-4-2-defeat-to-fsk-post-11/article_71d16a50-0d0b-11ed-a9a3-bf003f0655a8.html | true |
KENT COUNTY, MI – Three people were seriously injured in a crash Tuesday morning.
Traffic was backed up for construction on westbound I-96 between Morse Lake Avenue SE and Whitneyville Avenue when the driver of a sedan ran into a semitrailer that was stopped around 11:30 a.m., July 26, Michigan State Police said. | https://www.mlive.com/news/grand-rapids/2022/07/3-people-seriously-injured-in-crash-with-semi-on-i-96.html | 2022-07-26T20:11:40Z | https://www.mlive.com/news/grand-rapids/2022/07/3-people-seriously-injured-in-crash-with-semi-on-i-96.html | false |
MOSCOW -- Russia will pull out of the International Space Station after 2024 and focus on building its own orbiting outpost, the country's new space chief said Tuesday amid high tensions between Moscow and the West over the fighting in Ukraine.
The announcement, while not unexpected, throws into question the future of the 24-year-old space station, with experts saying it would be extremely difficult - perhaps a "nightmare," by one reckoning - to keep it running without the Russians. NASA and its partners had hoped to continue operating it until 2030.
"The decision to leave the station after 2024 has been made," Yuri Borisov, appointed this month to lead the Russian space agency, Roscosmos, said during a meeting with President Vladimir Putin. He added: "I think that by that time we will start forming a Russian orbiting station."
The space station has long been a symbol of post-Cold War international teamwork in the name of science but is now one of the last areas of cooperation between the U.S. and the Kremlin.
NASA had no immediate comment.
Borisov's statement reaffirmed previous declarations by Russian space officials about Moscow's intention to leave the space station after 2024 when the current international arrangements for its operation end.
RELATED | Russia threatens to abandon American astronaut in space as sanctions threaten peace aboard ISS
Russian officials have long talked about their desire to launch their own space station and have complained that the wear and tear on the aging International Space Station is compromising safety and could make it difficult to extend its lifespan.
Cost may also be a factor: With Elon Musk's SpaceX company now flying NASA astronauts to and from the space station, the Russian Space Agency lost a major source of income. For years, NASA had been paying tens of millions of dollars per seat for rides aboard Russian Soyuz rockets.
The Russian announcement is certain to stir speculation that it is part of Moscow's maneuvering to win relief from Western sanctions over the conflict in Ukraine. Borisov's predecessor, Dmitry Rogozin, said last month that Moscow could take part in negotiations about a possible extension of the station's operations only if the U.S. lifts its sanctions against Russian space industries.
Former Canadian astronaut Chris Hadfield tweeted in reaction to Tuesday's announcement: "Remember that Russia's best game is chess."
RELATED | Russia hits Ukraine's Black Sea port in wake of grain deal
The space station is jointly run by Russia, the U.S., Europe, Japan and Canada. The first piece was put in orbit in 1998, and the outpost has been continuously inhabited for nearly 22 years. It is used to conduct scientific research in zero gravity and test out technology for future journeys to the moon and Mars.
It typically has a crew of seven, who spend months at a time aboard the station as it orbits about 260 miles (420 kilometers) above Earth. Three Russians, three Americans and one Italian are now on board.
The $100 billion-plus complex is about as long as a football field and consists of two main sections, one run by Russia, the other by the U.S. and the other countries. It was not immediately clear what will have to be done to the Russian side of the complex to safely operate the space station once Moscow pulls out.
Former NASA astronaut Scott Kelly, who spent 340 continuous days aboard the International Space Station in 2015 and 2016, said that the Russian statement "could be just more bluster," noting that "after 2024" is vague and open-ended.
"I believe Russia will stay as long as they can afford to, as without ISS they have no human spaceflight program," he said. "Cooperation with the West also shows some amount of legitimacy to other, nonaligned nations and to their own people, which Putin needs, as the war in Ukraine has damaged his credibility."
Kelly said the design of the station would make it difficult but not impossible for the remaining nations to operate it if Russia were to withdraw.
RELATED | NASA plans to retire International Space Station by crashing it on Earth
Jordan Bimm, a historian of science at the University of Chicago, said the Russian statement "does not bode well for the future of the ISS," adding that "it creates a constellation of uncertainties about maintaining the station which don't have easy answers."
"What will leaving' look like?" he asked. "Will the last cosmonauts simply undock a Soyuz and return to Earth, leaving the Russian-built modules attached? Will they render them inoperable before leaving? Will NASA and its international partners have to negotiate to buy them out and continue using them? Can these modules even be maintained without Russian know-how?"
Bimm said that running the station after the Russians bail out "could be a nightmare depending on how hard Russia wanted to make it for NASA and its remaining partners."
If the Russian components of the station were detached or inoperable, the most immediate problem would be how to boost the complex periodically to maintain its orbit, he said. Russian spacecraft that arrive at the station with cargo and crew members are used to help align the station and raise its orbit.
Scott Pace, director of George Washington University's space policy institute, said it also "remains to be seen whether the Russians will, in fact, be able to launch and maintain their own independent station."
Russia has made no visible effort so far to develop its own space station, and the task appears increasingly daunting now amid the crisis in Ukraine and the Western sanctions that have limited Russia's access to Western technology.
Well before the International Space Station, the Soviets - and then the Russians - had a number of their own space stations, including Mir. The U.S. likewise had Skylab.
John Logsdon, founder and former director of the George Washington University institute, said NASA has had plenty of time to prepare for a Russian withdrawal, given the threats coming out of Moscow, and would be derelict in its duty if it hadn't been thinking about this for several years.
"One alternative is to declare victory with the station and use this as an excuse to de-orbit it and put the money into exploration," he said, adding: "Its political value clearly has declined over time." | https://abc30.com/russia-news-international-space-station-the-iss/12074675/ | 2022-07-26T20:12:01Z | https://abc30.com/russia-news-international-space-station-the-iss/12074675/ | true |
MEMPHIS, Tenn., July 26, 2022 /PRNewswire/ -- Methodist Le Bonheur Healthcare has named Kate Dowd senior vice president and chief legal officer. In this role she will direct the Memphis-based integrated healthcare system's legal department and risk management goals.
"After a comprehensive nationwide search, it became clear the right candidate was already within our organization," said Monica Wharton, MLH executive vice president and chief administrative officer. "Kate's experience navigating complex healthcare-related legal matters gives me great confidence she will successfully lead our multifaceted legal affairs efforts and serve as a trusted member of our system leadership team."
Dowd has a decade of experience specializing in health and regulatory law, most recently serving as MLH's regulatory counsel. Prior to joining MLH in 2019, she served as an attorney in the Healthcare Regulatory and Transactions Practice Group at Butler Snow LLP.
"Our policies, best practices and unshakeable commitment to our patients enable us to deliver outstanding care," added Wharton. "Kate's core values align perfectly with our mission to improve the health and wellbeing of our community."
Originally from Charlotte, North Carolina, Dowd has called Memphis home for 17 years. She received her undergraduate degree from Rhodes College and graduated cum laude from the Cecil C. Humphreys School of Law at the University of Memphis. She is a member of the American Health Law Association, the Tennessee Bar Association and the Memphis Bar Association, and recently served as chair and president emeritus of the local Memphis Bar Association's health law section.
Photo 1 attached: Methodist Le Bonheur Healthcare has named Kate Dowd senior vice president and chief legal officer.
Based in Memphis, Tennessee, Methodist Le Bonheur Healthcare has been caring for patients and families regardless of ability to pay for more than 100 years. Guided by roots in the United Methodist Church and founded in 1918 to help meet the growing need for quality healthcare in the greater Memphis area, MLH has grown from one hospital into a comprehensive healthcare system with 13,000 Associates supporting six hospitals, including nationally ranked Le Bonheur Children's Hospital, ambulatory surgery centers, outpatient facilities, hospice residence and physician practices serving communities across the Mid-South.
View original content to download multimedia:
SOURCE Methodist Le Bonheur Healthcare | https://www.wcjb.com/prnewswire/2022/07/26/methodist-le-bonheur-healthcare-names-kate-dowd-svpchief-legal-officer/ | 2022-07-26T20:13:11Z | https://www.wcjb.com/prnewswire/2022/07/26/methodist-le-bonheur-healthcare-names-kate-dowd-svpchief-legal-officer/ | true |
Talkwalker, in partnership with Twitter, analyzed over 16.2 million cost-of-living conversations to reveal the impact of rapidly rising costs on global consumers
- People on Twitter aged 25-34, saw the sharpest increase in cost of living conversations, highlighting their increased concerns about the crisis.
- Consumers are most anxious about the rising cost of gas and heating.
- Many believe long-term saving solutions are prohibited by high initial outlays.
NEW YORK, July 26, 2022 /PRNewswire/ -- Talkwalker, a leading consumer intelligence platform, in partnership with Twitter, announced the launch of its Exploring the Cost of Living Conversation 2022 report. As a Twitter Official Partner, Talkwalker was able to analyze over 16 million cost-of-living conversations on Twitter, to understand how this global issue is impacting consumers.
The insights within this report can enable brands to be more empathetic during this time, and allow them to adapt their campaigns and comms strategies to fit today's consumers' wants and needs.
"There's no escaping the rising cost of living," said Elena Melnikova, Talkwalker's CMO. "With consumers across the globe having their budgets squeezed, and brands facing a challenging sales period. 79% of conversations around the rising costs of essentials are focused on gas, fuel, and rent, leaving less money for food and frivolities. To maintain their appeal, brands need to adjust their strategies to align with consumer concerns and sentiment."
The report is based on Twitter data, analyzed through Talkwalker's Consumer Intelligence Acceleration Platform™. This combination of valuable data and powerful analytics provides additional insights into the ongoing situation.
"Twitter is where the world comes to discuss what's happening" said Lauren Jenkins, Head of the Twitter Official Partner Program. "As the cost of living crisis develops, we've seen people discuss its implications on Twitter. During this time, it's important that brands stay connected to their customers and listen to their needs. Social listening platforms like Talkwalker and social media platforms like Twitter can help brands discover the insights necessary to encourage empathetic brand actions and communications that will resonate with their audiences.
These insights highlight changes in several consumer buying habits:
- Consumers are willing to spend more, but only within reason, with many concerned about brands potentially profiteering from the crisis.
- Budget cuts are leading people into changing their long-term life decisions, rethinking everything from buying electric vehicles, to how they manage their retirement.
- Many consumers are turning to Twitter for help, with new types of communities born, focused on helping those survive the crisis, with money-saving tips and discount codes.
To discover more, you can download the Exploring the Cost of Living Conversation report here.
About Talkwalker
Talkwalker is the #1 consumer intelligence company and is dedicated to helping brands close the gap between brand and consumer. Recognized by Forrester as a Leader in Consumer Intelligence and Social Listening, Talkwalker brings together market-leading social analytics and AI technology, with unstructured data expertise, and a global team of insights analysts and data storytellers.
Talkwalker enables brands to put consumers at the heart of their decision-making, empowering them to embrace smarter innovation, create more successful campaigns, and provide enhanced customer experiences. With teams around the world, Talkwalker helps over 2,500 global brands to be consumer close, and accelerate their brand growth.
To discover more about Talkwalker, please visit www.talkwalker.com.
About Twitter, Inc. (NYSE: TWTR)
Twitter is what's happening and what people are talking about right now. To learn more, visit about.twitter.com and follow @Twitter. Let's talk.
Contact
Tom Francoeur, Crackle PR
tom@cracklepr.com
View original content to download multimedia:
SOURCE Talkwalker | https://www.kwch.com/prnewswire/2022/07/26/new-talkwalker-report-reveals-young-people-twitter-are-most-concerned-by-rising-cost-living/ | 2022-07-26T20:14:02Z | https://www.kwch.com/prnewswire/2022/07/26/new-talkwalker-report-reveals-young-people-twitter-are-most-concerned-by-rising-cost-living/ | false |
Get Moving!® Health and Wellness Event and Back to School Bash in Omaha
OMAHA, Neb., July 26, 2022 /PRNewswire/ -- On Saturday, July 30, 2022, the National Alliance for Hispanic Health, Healthy Americas Foundation, and OneWorld Community Health Centers, Inc. will celebrate their 16th annual ¡Vive tu vida! Get Up! Get Moving!® event in Omaha with special guest Walkaround Elmo from Sesame Street® who will greet kids and families and hand out free Sesame Street in Communities resources. The event includes free health screenings (glucose, cholesterol), COVID-19 tests and vaccines and boosters, health and wellness activities for the whole family, and referrals to community health services. The 2022 event series is sponsored nationally by the Siemens Foundation.
"We are excited to be back together in-person for this great event. It is an honor to join the Alliance in ensuring that everyone has access to care and educational resources needed to achieve the best health possible," said Andrea Skolkin, CEO of OneWorld Community Health Centers, Inc. "All children who complete at least three health activities will be eligible for a backpack and school supplies."
"Reducing health disparities requires multi-faceted approaches and we're honored during these health fairs to promote health and wellness for the entire family," said Dave Pacitti, President, Siemens Medical Solutions USA, Inc.; Head of the Americas, Siemens Healthineers; and member of the Siemens Foundation Board of Directors. "We're committed to advancing health equity by promoting primary healthcare, diagnostic screening, workforce training for the healthcare sector, and capital loan support for community clinics, and thrilled to support ¡Vive tu vida! Get Up! Get Moving!® in Omaha," concluded David Etzwiler, CEO of Siemens Foundation.
"We are so happy that we can bring ¡Vive tu vida! Get Up! Get Moving!® to Omaha this year to support individuals to lead healthier lifestyles and provide essential health services to communities," said Dr. Jane Delgado, President and CEO of the National Alliance for Hispanic Health, the nation's leading Hispanic health advocacy group. "This year, we are proud to bring the All of Us traveling exhibit to Omaha. Through All of Us, we will build the foundation for a new era of health care where medicine is representative of all individuals."
What: ¡Vive tu vida! Get Up! Get Moving!® event featuring:
- Back to School Bash: Children at the event will receive a backpack with school supplies
- Free Health Screenings: HIV/STI, Blood Pressure, Glucose, Cholesterol, and COVID-19 Vaccinations
- Healthy snacks: Produce giveaway and nutrition education
- Family fun: Games, raffles, and much more!
- Science: All of Us Research Program Traveling Exhibit
(The Traveling Exhibit will remain onsite from August 1 to 5, 2022)
Where: 4920 S 30th St., Omaha, NE 68107
When: Saturday, July 30, 2022 from 1:00 to 5:00pm
Cost: FREE!
To find a ¡Vive tu vida! Get Up! Get Moving!® event in your city, please call the Su Familia Helpline at 1-866-783-265 or visit www.healthyamericas.org/get-up-get-moving. To learn more about the All of Us Research Program, please visit www.JoinAllofUs.org/todos.
View original content to download multimedia:
SOURCE National Alliance for Hispanic Health | https://www.kwch.com/prnewswire/2022/07/26/walkaround-elmo-sesame-street-joins-vive-tu-vida-get-up/ | 2022-07-26T20:15:35Z | https://www.kwch.com/prnewswire/2022/07/26/walkaround-elmo-sesame-street-joins-vive-tu-vida-get-up/ | true |
The founder and CEO of the fast food chain Raising Cane's hopes one of his employees hits it big with the Mega Millions jackpot.
Todd Graves announced on Twitter Monday that he bought 50,000 lottery tickets.
"Hoping to share the winning jackpot with our 50,000 Raising Cane's Crew," Graves tweeted alongside a video showing the purchase.
Buying 50,000 lottery tickets is harder than you think! 😉 Hoping to share the winning jackpot with our 50,000 @RaisingCanes Crew. pic.twitter.com/hLlajBJwlH
— Todd Graves (@ToddGraves) July 25, 2022
According to CNN, Graves spent $100,000 on the lottery tickets.
In a news release provided to CBS News, Raising Cane's said if one of the tickets wins, every employee will split the winnings.
Graves added in the news release that the company is "always looking for ways to bring them a little extra fun," USA Today reported.
According to the Mega Millions website, the jackpot for Tuesday's drawing is expected to be $830 million.
The drawing is slated for 11 p.m. ET. | https://www.wrtv.com/news/national/raising-canes-ceo-buys-50-000-mega-millions-tickets-to-share-with-employees | 2022-07-26T20:15:42Z | https://www.wrtv.com/news/national/raising-canes-ceo-buys-50-000-mega-millions-tickets-to-share-with-employees | true |
Ukraine war: Johnson says Churchill's spirit 'walking with Zelenskyy' as PM presents him with leadership award
The prime minister praised Mr Zelenskyy's "sheer courage" as he presented him with the Sir Winston Churchill Leadership Award.
Tuesday 26 July 2022 20:40, UK
Boris Johnson says he could imagine Winston Churchill's spirit walking with Volodymyr Zelenskyy and "probably would have wept" at the Ukrainian president's "sheer courage" during the Russian invasion of his country.
The prime minister praised Mr Zelenskyy as he presented him with the Sir Winston Churchill Leadership Award.
The country's ambassador to the UK, Vadym Prystaiko, was in London to accept the honour on his president's behalf while Mr Zelenskyy listened to the ceremony virtually.
Mr Johnson said as the Russian military offensive unfolded in February in a "moment of supreme crisis", Mr Zelenskyy faced a test of leadership that was "in its way as severe as Churchill's challenge in 1940" during World War Two.
Putin's invasion 'significantly undermined' by one key weapon - latest updates
The prime minister pointed out that Mr Zelenskyy chose to stay in the capital Kyiv, like Churchill stayed in London in 1940 while the Nazis invaded France.
Speaking about the early part of the Ukraine war, Mr Johnson said: "I think Churchill would have cheered - and probably would have wept too - because he was often moved to tears, at the sheer courage, the moral physical courage you showed in those grim weeks.
The PM added: "Never in my lifetime in international affairs has there been clearer case of right against wrong."
He continued: "The global wave of solidarity for Ukraine was, in large measure, generated by your articulation of the cause.
"Your defiance, your dignity, your unfailing good humour, has moved millions.
"As you stand against barbarism, you have become a symbol of the heroism of the Ukrainian people."
Comparing Mr Zelenskyy with Churchill, Mr Johnson said: "I can imagine his spirit walking with you, silently urging you on, encouraging you through every ordeal, jabbing the way ahead with his walking stick.
"And perhaps marvelling at your superb contempt for danger. Something I think he understood."
'You have been called upon to give the roar... and you delivered it magnificently'
He added: "Like Churchill, you've understood that you yourself are not the lion. The Ukrainian people are the lion. You have been called upon to give the roar. The roar of freedom against tyranny, of good against evil, of light against darkness, and you have delivered that roar magnificently."
In response, Mr Zelenskyy said it was his "honour to receive this leadership award".
He also spoke Churchill's own words when he said in May 1945 after the end of World War Two that it's "not victory of a party, or of any class. It's a victory of the great British nation as a whole".
Mr Zelenskyy said the award "does not only reflect my efforts" as he praised the bravery of thousands of Ukrainian men and women in the battles against Russian forces.
Mr Zelenskyy said: "The award would have been impossible if the entire Ukrainian people had not risen up to defend their freedom against the attack of tyranny, attempting to send us back to the worst reality of the 20th century, which back then was defeated due to the Churchill factor in particular."
The president also praised Mr Johnson for his support militarily "in the darkest times… who had no thought in quitting the struggle", saying: "This award is yours as well Boris. This is the manifestation of our joint leadership of Ukrainians and Britons and all those who will not give their freedom away to any tyrant." | https://news.sky.com/story/ukraine-war-johnson-says-churchills-spirit-walking-with-zelenskyy-as-pm-presents-him-with-leadership-award-12659629 | 2022-07-26T20:16:18Z | https://news.sky.com/story/ukraine-war-johnson-says-churchills-spirit-walking-with-zelenskyy-as-pm-presents-him-with-leadership-award-12659629 | true |
Wheat for Sep. gained 33.75 cents at $8.0375 a bushel; Sep. corn rose 17 cents at $5.97 a bushel, Sep. oats was up 9 cents $4.5150 a bushel; while Sep. soybeans advanced 59.75 cents at $15.3275 a bushel.
Beef and pork were lower on the Chicago Mercantile Exchange. Aug. live cattle fell .88 cent at $1.3687 a pound; Aug. feeder cattle was down 1.88 cents at $1.7742 a pound; while Aug. lean hogs was off .25 cent at $1.1697 a pound. | https://www.expressnews.com/business/article/Grains-higher-Livestock-lower-17330400.php | 2022-07-26T20:16:24Z | https://www.expressnews.com/business/article/Grains-higher-Livestock-lower-17330400.php | false |
Amine Laouar guilty of Leon Street's murder and injuring two others
- Published
A university student has been found guilty of killing one man and injuring two more during a spree of "random" knife attacks in north London.
Amine Laouar, 21, repeatedly stabbed Leon Street, 48, who was on his way to the shops in Neasden on 11 January last year, the Old Bailey heard.
Mr Street managed to get home after the attack but died an hour later.
At the Old Bailey, Laouar was convicted of murder, attempted murder and grievous bodily harm with intent.
He will be sentenced on Wednesday.
Jurors heard minutes before attacking Mr Street, Laouar targeted Mirvais Khan as he walked along Neasden Lane North.
The defendant, who lived in nearby Press Road, ran up behind him and stabbed him once in the back, penetrating his lung.
Mr Khan was "very fortunate" to have survived, jurors were told.
The third stabbing was carried out six days later, on the morning of 17 January.
Mitul Karaniya had gone out to buy breakfast and was passing the exact spot where Mr Khan was attacked.
He was also caught unawares, with his attacker running up and stabbing him in the back, the court heard.
Mr Karaniya suffered broken ribs and punctured lungs.
Prosecutor Bill Emlyn Jones QC told the trial each victim appeared to have been chosen at random and that the victims were not connected to each other in any way.
"The only thing they appear to have had in common is that they happened to be walking along the same stretch of Neasden Lane North at the time when they were attacked.
"None of them knew their attacker. None of them had done anything which might explain what happened to them," he said.
Laouar was identified as the attacker by DNA evidence.
Two knives were found at the scene of the first two stabbings, while the knife used in the attack on Mr Karaniya was found in the wardrobe of the defendant's bedroom.
A jacket which had Mr Karaniya's blood and Mr Street's DNA was also recovered from Laouar's wardrobe.
During the trial, Laouar claimed he had been framed by the real killer and the prosecution had the wrong man.
Following the verdict, he shouted angrily in the dock and was told repeatedly to sit down.
Det Insp Tom Williams said: "Laouar carried out a series of terrifying and totally random attacks on three innocent men who he hadn't met before.
"Tragically, his actions resulted in the death of a much-loved man who was only out that night to buy food for him and his girlfriend. My thoughts remain with her and the rest of Leon's family.
"I would also like to praise the bravery of the two other victims in this case who have supported our investigation while they continue to deal with the consequences of what happened to them." | https://www.bbc.co.uk/news/uk-england-london-62312603 | 2022-07-26T20:18:11Z | https://www.bbc.co.uk/news/uk-england-london-62312603 | false |
MADISON, Wis. (AP) _ The winning numbers in Tuesday afternoon's drawing of the Wisconsin Lottery's "Pick 3 Midday" game were:
7-7-4
(seven, seven, four)
MADISON, Wis. (AP) _ The winning numbers in Tuesday afternoon's drawing of the Wisconsin Lottery's "Pick 3 Midday" game were:
7-7-4
(seven, seven, four) | https://www.mrt.com/lottery/article/Winning-numbers-drawn-in-Pick-3-Midday-game-17330236.php | 2022-07-26T20:19:24Z | https://www.mrt.com/lottery/article/Winning-numbers-drawn-in-Pick-3-Midday-game-17330236.php | false |
Talkwalker, in partnership with Twitter, analyzed over 16.2 million cost-of-living conversations to reveal the impact of rapidly rising costs on global consumers
- People on Twitter aged 25-34, saw the sharpest increase in cost of living conversations, highlighting their increased concerns about the crisis.
- Consumers are most anxious about the rising cost of gas and heating.
- Many believe long-term saving solutions are prohibited by high initial outlays.
NEW YORK, July 26, 2022 /PRNewswire/ -- Talkwalker, a leading consumer intelligence platform, in partnership with Twitter, announced the launch of its Exploring the Cost of Living Conversation 2022 report. As a Twitter Official Partner, Talkwalker was able to analyze over 16 million cost-of-living conversations on Twitter, to understand how this global issue is impacting consumers.
The insights within this report can enable brands to be more empathetic during this time, and allow them to adapt their campaigns and comms strategies to fit today's consumers' wants and needs.
"There's no escaping the rising cost of living," said Elena Melnikova, Talkwalker's CMO. "With consumers across the globe having their budgets squeezed, and brands facing a challenging sales period. 79% of conversations around the rising costs of essentials are focused on gas, fuel, and rent, leaving less money for food and frivolities. To maintain their appeal, brands need to adjust their strategies to align with consumer concerns and sentiment."
The report is based on Twitter data, analyzed through Talkwalker's Consumer Intelligence Acceleration Platform™. This combination of valuable data and powerful analytics provides additional insights into the ongoing situation.
"Twitter is where the world comes to discuss what's happening" said Lauren Jenkins, Head of the Twitter Official Partner Program. "As the cost of living crisis develops, we've seen people discuss its implications on Twitter. During this time, it's important that brands stay connected to their customers and listen to their needs. Social listening platforms like Talkwalker and social media platforms like Twitter can help brands discover the insights necessary to encourage empathetic brand actions and communications that will resonate with their audiences.
These insights highlight changes in several consumer buying habits:
- Consumers are willing to spend more, but only within reason, with many concerned about brands potentially profiteering from the crisis.
- Budget cuts are leading people into changing their long-term life decisions, rethinking everything from buying electric vehicles, to how they manage their retirement.
- Many consumers are turning to Twitter for help, with new types of communities born, focused on helping those survive the crisis, with money-saving tips and discount codes.
To discover more, you can download the Exploring the Cost of Living Conversation report here.
About Talkwalker
Talkwalker is the #1 consumer intelligence company and is dedicated to helping brands close the gap between brand and consumer. Recognized by Forrester as a Leader in Consumer Intelligence and Social Listening, Talkwalker brings together market-leading social analytics and AI technology, with unstructured data expertise, and a global team of insights analysts and data storytellers.
Talkwalker enables brands to put consumers at the heart of their decision-making, empowering them to embrace smarter innovation, create more successful campaigns, and provide enhanced customer experiences. With teams around the world, Talkwalker helps over 2,500 global brands to be consumer close, and accelerate their brand growth.
To discover more about Talkwalker, please visit www.talkwalker.com.
About Twitter, Inc. (NYSE: TWTR)
Twitter is what's happening and what people are talking about right now. To learn more, visit about.twitter.com and follow @Twitter. Let's talk.
Contact
Tom Francoeur, Crackle PR
tom@cracklepr.com
View original content to download multimedia:
SOURCE Talkwalker | https://www.wlbt.com/prnewswire/2022/07/26/new-talkwalker-report-reveals-young-people-twitter-are-most-concerned-by-rising-cost-living/ | 2022-07-26T20:19:54Z | https://www.wlbt.com/prnewswire/2022/07/26/new-talkwalker-report-reveals-young-people-twitter-are-most-concerned-by-rising-cost-living/ | false |
GRAND RAPIDS, Mich. (AP) — A man died after being struck by a steel door during storms Saturday night, authorities say.
The accident occurred around 10 p.m. at the Sandy Point Beach House restaurant, the Grand Rapids Fire Department said.
When first responders arrived, they found a man on the floor with a "traumatic injury,” firefighters said.
A large, hinged door on a shipping container in the outside bar area of the restaurant struck the man, Lt. Bill Smith said. The man was taken to a hospital where he later died.
Police have not released the man's name.
It's unclear whether the man was an employee, a customer or someone just passing through, police said.
The National Weather Service reported winds were gusting as high as 49 mph (78.86 kilometers per hour) around 10 p.m. Saturday in Grand Rapids. | https://www.mrt.com/news/article/Firefighters-Man-dies-after-struck-by-steel-door-17330376.php | 2022-07-26T20:21:44Z | https://www.mrt.com/news/article/Firefighters-Man-dies-after-struck-by-steel-door-17330376.php | false |
Talkwalker, in partnership with Twitter, analyzed over 16.2 million cost-of-living conversations to reveal the impact of rapidly rising costs on global consumers
- People on Twitter aged 25-34, saw the sharpest increase in cost of living conversations, highlighting their increased concerns about the crisis.
- Consumers are most anxious about the rising cost of gas and heating.
- Many believe long-term saving solutions are prohibited by high initial outlays.
NEW YORK, July 26, 2022 /PRNewswire/ -- Talkwalker, a leading consumer intelligence platform, in partnership with Twitter, announced the launch of its Exploring the Cost of Living Conversation 2022 report. As a Twitter Official Partner, Talkwalker was able to analyze over 16 million cost-of-living conversations on Twitter, to understand how this global issue is impacting consumers.
The insights within this report can enable brands to be more empathetic during this time, and allow them to adapt their campaigns and comms strategies to fit today's consumers' wants and needs.
"There's no escaping the rising cost of living," said Elena Melnikova, Talkwalker's CMO. "With consumers across the globe having their budgets squeezed, and brands facing a challenging sales period. 79% of conversations around the rising costs of essentials are focused on gas, fuel, and rent, leaving less money for food and frivolities. To maintain their appeal, brands need to adjust their strategies to align with consumer concerns and sentiment."
The report is based on Twitter data, analyzed through Talkwalker's Consumer Intelligence Acceleration Platform™. This combination of valuable data and powerful analytics provides additional insights into the ongoing situation.
"Twitter is where the world comes to discuss what's happening" said Lauren Jenkins, Head of the Twitter Official Partner Program. "As the cost of living crisis develops, we've seen people discuss its implications on Twitter. During this time, it's important that brands stay connected to their customers and listen to their needs. Social listening platforms like Talkwalker and social media platforms like Twitter can help brands discover the insights necessary to encourage empathetic brand actions and communications that will resonate with their audiences.
These insights highlight changes in several consumer buying habits:
- Consumers are willing to spend more, but only within reason, with many concerned about brands potentially profiteering from the crisis.
- Budget cuts are leading people into changing their long-term life decisions, rethinking everything from buying electric vehicles, to how they manage their retirement.
- Many consumers are turning to Twitter for help, with new types of communities born, focused on helping those survive the crisis, with money-saving tips and discount codes.
To discover more, you can download the Exploring the Cost of Living Conversation report here.
About Talkwalker
Talkwalker is the #1 consumer intelligence company and is dedicated to helping brands close the gap between brand and consumer. Recognized by Forrester as a Leader in Consumer Intelligence and Social Listening, Talkwalker brings together market-leading social analytics and AI technology, with unstructured data expertise, and a global team of insights analysts and data storytellers.
Talkwalker enables brands to put consumers at the heart of their decision-making, empowering them to embrace smarter innovation, create more successful campaigns, and provide enhanced customer experiences. With teams around the world, Talkwalker helps over 2,500 global brands to be consumer close, and accelerate their brand growth.
To discover more about Talkwalker, please visit www.talkwalker.com.
About Twitter, Inc. (NYSE: TWTR)
Twitter is what's happening and what people are talking about right now. To learn more, visit about.twitter.com and follow @Twitter. Let's talk.
Contact
Tom Francoeur, Crackle PR
tom@cracklepr.com
View original content to download multimedia:
SOURCE Talkwalker | https://www.ktre.com/prnewswire/2022/07/26/new-talkwalker-report-reveals-young-people-twitter-are-most-concerned-by-rising-cost-living/ | 2022-07-26T20:27:14Z | https://www.ktre.com/prnewswire/2022/07/26/new-talkwalker-report-reveals-young-people-twitter-are-most-concerned-by-rising-cost-living/ | false |
PCORI also approves $3.9 million for projects to implement research findings for care of appendicitis and serious mental illness
WASHINGTON, July 26, 2022 /PRNewswire/ -- The Patient-Centered Outcomes Research Institute (PCORI) has approved funding awards totaling $258 million to support 26 new research studies. These studies aim to fill evidence gaps and improve health care decision making for a range of high-burden conditions among adults and children, including asthma, bone fractures, migraines, intellectual and developmental disabilities, and sinus infections.
Five comparative clinical effectiveness research (CER) studies focus on improving mental health and another four CER studies focus on heart conditions, which have both continued to worsen in the U.S. amid the COVID-19 pandemic.
Additionally, PCORI today announced about $3.9 million for two projects that aim to promote wider, faster adoption of useful findings from completed PCORI-funded CER studies into typical care practices.
"Reflecting priorities encapsulated in PCORI's recently adopted Strategic Plan, today's funding approvals are an important step in advancing PCORI's work to generate and disseminate information that improves the quality and relevance of evidence available to help patients and all stakeholders make better-informed decisions about their health," said PCORI Executive Director Nakela L. Cook, M.D., M.P.H. "Facing a complex health care system and many care options, patients need reliable information to help them understand which care options will work best for them in their particular circumstances."
The newly approved CER studies on mental health will expand an existing robust portfolio of PCORI-funded research examining the effectiveness of mental health care options for adults and children.
One study will assess the comparative effectiveness of first- and second-line pharmacologic treatment strategies used to help people with bipolar disorder who are experiencing a major depressive episode. Funded for nearly $25 million, this large study aims to include 2,800 adult participants at 38 academic medical centers and community sites across the U.S.
A second study will compare the benefits and potential harms of electroconvulsive therapy and intravenous ketamine for rapid treatment of acute suicidal depression. Funded at about $28.5 million, this large study aims to include 1,500 adults at 10 to 13 sites across the U.S.
A third study will assess the comparative effectiveness of two interventions, text-messaging enhanced telehealth services and financial incentives, to increase outpatient addiction treatment among adults with opioid use disorder after they are discharged from an emergency department.
Two other studies will:
- Compare the effectiveness of in-person and technology-enhanced screening and referral programs at improving screening, referral, treatment attendance, and communication and care coordination for pregnant and postpartum individuals with substance use disorders.
- Compare two interventions – one involving a safety plan with follow-up contacts and the other a brief crisis-oriented intervention targeting interpersonal functioning – to see whether either is better at reducing suicidal ideation and attempts among English- and Spanish-speaking adolescents who receive care in urban emergency departments.
Four newly approved CER studies will add to PCORI's portfolio of funded research determining the effectiveness of cardiac health care options for adults. The largest will compare two therapies used to restore normal heartbeat patterns in millions of patients with both heart failure and reduced ejection fraction. It aims to determine whether His or left bundle branch cardiac pacing or biventricular pacing offers any advantages over the other. Funded at more than $31 million, the study aims to enroll over 2,000 adults at 55 sites in the U.S. and Canada.
Three other studies will:
- Compare patient-centered outcomes for cardiac rehabilitation delivered via telehealth or in-person among chronic heart disease patients.
- Compare the effectiveness of two classes of antianginal medications among older adults with stable angina and multiple chronic conditions.
- Compare blood pressure outcomes among a diverse population of patients with high blood pressure who receive either telehealth-supported, team-based care with a pharmacist or enhanced usual care with telehealth-enabled home blood pressure monitoring equipment and instruction.
These implementation projects will focus on:
- Promoting informed decision making between antibiotics versus appendectomy among eligible patients with appendicitis at 15 hospitals across the U.S., using a program that includes a patient decision support tool.
- Incorporating an mHealth program, which includes a patient smartphone app and an online clinician dashboard, into routine care at three community mental health agencies to help people with serious mental illness manage their symptoms.
PCORI also awarded funding to compare preventive therapies for migraines and bone fractures as well as multiple studies that focus on assessing ways to promote healthy aging. Details of the newly approved studies can be found on PCORI's website.
Details of all studies and projects approved for PCORI funding to date are available on the organization's website. All funding awards were approved pending a business and programmatic review by PCORI staff and the issuance of formal award contracts. With these latest awards, PCORI will have invested more than $3.7 billion to fund patient-centered CER and support other projects designed to enhance CER methods and the infrastructure necessary to conduct CER rigorously and efficiently.
The Patient-Centered Outcomes Research Institute (PCORI) is an independent nonprofit organization authorized by Congress in 2010. Its mission is to fund research that will provide patients, their caregivers and clinicians with the evidence-based information needed to make better-informed health care decisions. PCORI is committed to continuously seeking input from a broad range of stakeholders to guide its work.
View original content to download multimedia:
SOURCE Patient-Centered Outcomes Research Institute | https://www.ktre.com/prnewswire/2022/07/26/pcori-approves-258-million-fund-research-studies-addressing-mental-health-heart-related-care-range-chronic-acute-conditions/ | 2022-07-26T20:27:25Z | https://www.ktre.com/prnewswire/2022/07/26/pcori-approves-258-million-fund-research-studies-addressing-mental-health-heart-related-care-range-chronic-acute-conditions/ | false |
LAKE CHARLES, La. (KLFY) – One man has been arrested and two more suspects are being sought in connection with a series of vehicle robberies in South Lake Charles and Moss Bluff in the last days of June, according to the Calcasieu Parish Sheriff’s Office (CPSO).
Jermaine C. Obrien, Jr., 20, faces 16 counts of simple burglary; three counts of theft of a firearm; three counts of possession of a firearm by persons convicted of domestic violence; and four counts of theft less than $1,000, and one count of possession of CDS II with intent to distribute, and possession of marijuana. Obrien was booked into the Calcasieu Parish Correctional Center, and his total bail was set at $150,000.
Deputies are also searching for Taveon E. Williams, 20, and Melchezieck J. Simon, 20, both of Lake Charles, who are suspected of helping Obrien. Warrants were issued for their arrest on July 20, according to deputies.
Deputies responded to a number of unlocked vehicle burglaries between June 24 and 29. With the help of CPSO Real Time Crime Center during the initial investigation, detectives were able to view surveillance footage gathered from residents and businesses located near the burglaries. Three men, believed to be Obrien, Williams, and Simon, driving a silver four-door sedan, were seen in the footage.
On July 4, Lake Charles Police detained Obrien, who allegedly had silver four-door sedan registered in his name. Detectives issued a warrant for the arrest of Obrien on July 14, and arrested him after a traffic stop on July 18.
If anyone has information on the whereabouts of Simon or Williams, they are asked to call CPSO at (337) 491-3605 or Crime Stoppers at (337) 439-2222. | https://www.cenlanow.com/crime/1-arrested-2-sought-in-lake-charles-moss-bluff-car-burglaries/ | 2022-07-26T20:30:21Z | https://www.cenlanow.com/crime/1-arrested-2-sought-in-lake-charles-moss-bluff-car-burglaries/ | true |
SACRAMENTO (AP) _ The winning numbers in Tuesday afternoon's drawing of the California Lottery's "Daily 3 Midday" game were:
1-2-2
(one, two, two)
SACRAMENTO (AP) _ The winning numbers in Tuesday afternoon's drawing of the California Lottery's "Daily 3 Midday" game were:
1-2-2
(one, two, two) | https://www.ctinsider.com/lottery/article/Winning-numbers-drawn-in-Daily-3-Midday-game-17330478.php | 2022-07-26T20:31:23Z | https://www.ctinsider.com/lottery/article/Winning-numbers-drawn-in-Daily-3-Midday-game-17330478.php | false |
PORTLAND, Ore. — On a rainy Sunday morning, hundreds of people lined up at the Mittleman Jewish Community Center in the Hillsdale area of Portland. Some arrived as early 90 minutes ahead of the big event. They came loaded down with bags, wagons and carts full of items that aren't allowed in normal curbside recycling bins — things like plastic clamshells used for take-out, coffee cup lids, pill bottles and straws.
"We are at the James Neighborhood Recycling event. It's very exciting to be here and exciting he does this," said one woman who lined up early.
"I love it. I'd be putting all this stuff in the trash and I really don't want to do that," said another woman.
As a DJ played rock music in the background, they waited to have their bags counted. They came to help save the Earth. They came to see and support the man who has become the region's recycling rock star, 24-year-old James Harris.
"It's so amazing what this young man has done to make this a huge success," said Michelle Bombet Minch, who helped coordinate the event at the Jewish Community Center.
James, his mom and an army of volunteers set up tents, tables and collection bins, ready to accept hard-to-recycle plastics.
At just $3 a bag, it's an affordable option for people to make sure their recyclables don't end up in a landfill — and helps James earn a living.
"I like collecting stuff by people dropping off things they'd throw away. I'm saving the planet and earning money," James said.
Diagnosed on the autism spectrum: James was fascinated by recycling
James has come a long way since his childhood, when his mother said he would run away from people, had behavior issues and had a hard time communicating. At 4 years old, James was diagnosed with autism. His mother, Kathi Goldman, worried about what kind of future he'd have. How would he fit into the world and how he would support himself.
"When he was little, it was hard. I never envisioned where he is now that he could even be able to do what he does now," she said.
James was always fascinated with garbage and recycling, his mom said. She had the idea of starting a neighborhood recycling business. That was when James was 18. They started with a handful of neighbors in Portland's Bridlemile neighborhood picking up plastics that aren't accepted curbside.
"In the beginning, I didn't know anything about recycling, but now I'm excited. I see how much we bring in and we are doing our part. It's a little part, but we are doing our part," Kathi said.
Doing their part has grown from a few neighbors to 400 customers.
"I knew it was going to get big. I didn't know it was going to get this big," James said.
The company recently achieved nonprofit status, and is currently looking for a small space in southwest Portland to turn into a recycling depot.
James Neighborhood Recycling expands
James Neighborhood Recycling now includes a much bigger neighborhood. Instead of collecting the recyclables in Kathi's SUV, they've expanded to a large cargo van. And it's not just daily customers anymore, but recyclers all over the region who flock to his mega-recycling events. Regulars include people like Aaron Ward, who owns Old School Craft Services, which provides catering services for the film and television industry – shows like Grimm and Portlandia.
"We've been trying to find a way to deal with all the waste we bring to film sets all over town. James has been a lifesaver for businesses and the community," Ward said.
Ward brought mostly number 5 and 6 plastics to the James Recycling event. Number 5 is polypropylene used in yogurt cups, hummus tubs and single-use cutlery. Number 6 is polystyrene, rigid plastic, including Styrofoam, some meat trays, egg cartons and aspirin bottles. He had 18 bags full. For $54, it will all be recycled.
"I wish they'd have more of these events. Then, I wouldn't have to keep all this stuff at my house," Ward said.
Does all this stuff really get recycled? 'Absolutely!'
When people ask if all the plastic really gets recycled, Kathi and James assure them it does. They've partnered with Denton Plastics, an industrial plastic recycler. After the recycling event, James and his mom haul the recyclable items to their garage, where a shredder grinds it into millions of multi-colored shards of plastic.
"It looks like sand," James said after shredding a big batch of plastic.
They take the shredded plastic to Denton Plastics where they make it into pellets.
“Absolutely, it gets recycled,” said Denton Plastics President Nicole Janssen.
Those pellets are sold to different molding companies to make toys, nursery pots, and construction materials like conduit pipe. Janssen said Oregon passed legislation to modernize recycling and includes funding for more events like the ones held by James Neighborhood Recycling.
"I think James is going to be a leader in teaching other communities to do this. You can move great things when you start a little thing like this. Nobody ever thought it would become this big and I think it's just going to continue to grow," Janssen said.
Hiring more people on the autism spectrum
As the business grows, James and his Mom want to hire more people like James. Employees like Sam, who also has autism, performed DJ duties for the James Recycling event.
"I'm just playing the music in the background," Sam said.
Alex Tenison, who sorted plastics at the number 4 recycling station, is also on the autism spectrum.
"I'm helping James," he said, as he tossed some squeezable plastic containers into a sorting bag.
Their long term goal is to hire more full and part-time employees and find permanent places for them to have jobs at the James Recycling events.
"It means so much to me that I can help people who are on the spectrum or have other abilities and also help the community to recycle," Kathi Goldman said.
Giving hope to other parents of children with autism
She gets a lot of questions from other parents who have children with autism who ask her how she did it. Kathi likes to give them hope.
"Just being able to reassure them it's hard when they're young. It won't always be this hard. It will get easier. I have been in the same struggle they're in. It feels good to give them hope," she said.
James finds his place in the world
James makes a salary now, lives independently, and has found his place in the world.
"He's embraced by the community which didn't always happen when he was younger. To see all these people come out to support him and his dream is to me, as a mom, it's wonderful," Kathi said.
At the recycling event at Mittleman Jewish Community Center, James and his crew collected 3,000 pounds of discarded items that would have otherwise ended up in the landfill. Like the recyclables he collects, James' life has been transformed through his dream to help save the world.
“He wanted to do something good for the planet and it’s turned into something that’s good for James,” said DJ Mahler, one of James’ aides.
At the end of the James Neighborhood recycling event, as they broke down the tents and tables in a downpour and loaded up their van, James and Kathi hugged, and James gave his mom a thumbs up sign.
"I'm just so proud of him," Kathi said. “I think he’s living the dream, now.”
Where to find the next James Neighborhood Recycling events
The next James Neighborhood Recycling events are:
- Saturday, July 30, 2022: 10 a.m. to 12:30 p.m. at Exceed Enterprises, 5285 SE Mallard Way Milwaukie, OR 97222
- Saturday, August 13, 2022: Columbia Sportswear Headquarters, 14375 NW Science Park Drive, Portland, OR 97229
For event details, information on how to sort and to sign up for event notifications, click here to visit James Neighborhood Recycling's website. | https://www.kgw.com/article/features/portland-man-autism-recycling-business/283-ae3550f3-c1cd-423d-b9de-77f1483e6408 | 2022-07-26T20:42:25Z | https://www.kgw.com/article/features/portland-man-autism-recycling-business/283-ae3550f3-c1cd-423d-b9de-77f1483e6408 | true |
4-time Olympian survives plane crash with family and their puppy: ‘It is a miracle’
DETROIT (WXYZ) - A four-time Olympian survived a plane crash with her family in Michigan over the weekend.
From the wreckage, it’s hard to believe anyone survived when the single-engine Beechcraft A36 crashed just after takeoff.
Olympian Chirine Njeim, her husband Ronny Kamal and their 17-year-old niece Siena Kamal were on the plane.
Siena Kamal’s mother said the 17-year-old is in good spirits, but her left hand is covered in burns, with her forearm also burned.
“It is a miracle that all three people survived,” Ray Township Fire Department Chief Mark Hoskin said.
Officials say the couple’s puppy, Charlie, initially couldn’t be found in the wreckage. However, the following day a newspaper delivery driver, Penny Faulk, spotted the dog, who was later reunited with the family.
“I thought I saw a deer walk in front of me. I slowed down and I looked, and it was a puppy. I opened my door and called the dog over,” Faulk said.
Currently, the only person hospitalized from the crash is Ronny Kamal. The 44-year-old from Chicago underwent surgery. Officials say his piloting skills may have been what saved their lives.
“He [Ronny Kamal] had some piloting skills because the plane could have easily nosedived, and it could have been a totally different story,” Hoskin said.
Njeim has represented Lebanon in the Olympic sports of long-distance running and Alpine skiing.
Copyright 2022 WXYZ via CNN Newsource. All rights reserved. | https://www.wkyt.com/2022/07/26/4-time-olympian-survives-plane-crash-with-family-their-puppy-it-is-miracle/ | 2022-07-26T20:42:25Z | https://www.wkyt.com/2022/07/26/4-time-olympian-survives-plane-crash-with-family-their-puppy-it-is-miracle/ | true |
analysis: Labor is winding back reforms meant to hold super funds accountable to their members
Who could even question a requirement that super funds act in the best financial interests of their members?
Labor's new assistant treasurer Stephen Jones, that's who.
While the treasurer himself has been working on Thursday's major economic statement, Jones has asked the treasury to consider concerns relating to the "regulatory complexity" of a requirement that funds act in their members' best financial interests — a requirement that on the face of it is straightforward.
Oddly, he titled the announcement "Review to strengthen super" — a title he might need to rework if the review finds the duty should be weakened.
The Coalition strengthened the requirement a year ago as part of a suite of reforms called "Your Future, Your Super", changing it from a duty to act in the "best interests" of members to the best "financial" interests of members.
The difference between the two is that whereas spending members' funds on things such as corporate hospitality or wellbeing services or news websites might arguably be in the best interests of members, it need not be in the best interests of members.
And that's what superannuation funds are meant to be for — to grow rather than spend the trillions entrusted with them for workers' retirements.
To make sure the funds do it, the Coalition reversed the onus of proof. If questioned, fund directors needed to be able to demonstrate that their spending was in the best financial interests of their members, or at least in what they thought at the time would be their members' best financial interests.
'Best financial interests' up for review
That might be the "regulatory complexity" the assistant treasurer is referring to — a requirement that directors use their members' funds to grow their members' funds, and be able to demonstrate that's what they were attempting if asked.
It's good news for members — whose compulsorily-acquired funds the directors are managing — but troubling for some directors (in industry funds most directors are union and employer representatives), and Jones listened to the directors.
He has backed them on another concern.
The Coalition's regulations require funds to itemise their spending on political donations and payments to related parties and industrial bodies, as well as their spending on marketing, in a statement to members before each annual meeting.
Transparency up for review
Jones has drafted regulations that remove the requirement for itemisation while leaving in place the requirement for funds to report the totals to members.
It won't save the funds work (they still have to itemise each payment in order to prepare the totals), but it will save them embarrassment.
And he is tampering with perhaps the most important super reform of them all.
Last year, for the first time, each of the 80 MySuper funds (the funds into which new employees can be defaulted) was graded on its performance.
Performance test up for review
Thirteen failed. They weren't being graded on absolute returns. That would have been unfair. They were graded on returns over the past seven years given their stated investment strategy.
If their strategy had been to, say, invest all of their members' funds in shares, and shares did badly, that would be fine so long as the fund's shares didn't do significantly worse than the share market as a whole over seven years — which is a way of saying it is a hard test to fail.
Under the Your Future, Your Super rules the 13 funds that failed were required to write to their members telling them they had performed badly and suggesting they switch to a better-performing product.
The second test will be this year. Any funds that fail two years in a row get banned from accepting new members.
Not that it's likely to come to that. Eleven of the 13 have merged or are in the process of merging with better funds, which is how the system is supposed to work. It is weeding out dud funds, and advancing members' interests.
Even the fear of failing is advancing members' interests. Industry observers say funds likely to fail are cutting their fees to ensure they don't. The performance test is on returns net of fees.
Twelve month pause
From next year the test was to be extended to all super funds, whether default or not, so it could really weed out the duds. The Productivity Commission found non-default funds performed notably worse than default funds.
But Jones says he'll stop the extension — "pause" is his word — for 12 months while the treasury rechecks the system for "unintended outcomes".
Hundreds of funds (some of them bad) will be given a reprieve, something that was itself unintended when the system was set up.
There are genuine concerns about the test. It is backward-looking, as it has to be, and funds in difficulty will have it made worse by an exodus of members when the results are published.
But these are concerns for the directors of the funds, not their members. And Australians put more of their money into super than anything other than housing.
A landmark 2018 Productivity Commission inquiry found much of the system was a "mess" that allowed poorly performing funds to produce $660,000 less in retirement than well-performing funds.
Your Future, Your Super was the government's response to that. It's already achieved a lot. Until the new minister hit pause, it was about to achieve more.
Peter Martin is visiting fellow at the Crawford School of Public Policy, Australian National University. This piece first appeared on The Conversation. | https://www.abc.net.au/news/2022-07-27/labor-winding-back-superannuation-reforms/101271562 | 2022-07-26T20:44:49Z | https://www.abc.net.au/news/2022-07-27/labor-winding-back-superannuation-reforms/101271562 | false |
After an ancient fish developed legs, its newly discovered descendent Qikiqtania wakei went back to swimming in open water.
Copyright 2022 NPR
After an ancient fish developed legs, its newly discovered descendent Qikiqtania wakei went back to swimming in open water.
Copyright 2022 NPR | https://www.nprillinois.org/2022-07-26/fossil-shows-fish-evolved-to-walk-on-land-then-went-back-to-the-water | 2022-07-26T20:45:23Z | https://www.nprillinois.org/2022-07-26/fossil-shows-fish-evolved-to-walk-on-land-then-went-back-to-the-water | false |
MILFORD TOWNSHIP, Ohio (AP) — Authorities say a medical helicopter responding to the scene of a fatal accident in southwestern Ohio crashed when it hit power lines.
The three crew members aboard the aircraft were able to safely exit and were not seriously injured.
The CareFlight helicopter was approaching the scene of a two-vehicle accident that occurred around 4:15 a.m. Tuesday in Milford Township when it crashed into power lines and went down. The cause of the crash will be investigated.
Authorities say an Indiana woman was killed in the vehicle accident and three other people were injured.
The cause of the accident remains under investigation. | https://www.wane.com/news/indiana/medical-helicopter-crashes-while-en-route-to-fatal-accident/ | 2022-07-26T20:45:55Z | https://www.wane.com/news/indiana/medical-helicopter-crashes-while-en-route-to-fatal-accident/ | false |
BEIJING, July 26, 2022 /PRNewswire/ -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce company in China, today announced it received notification from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") that it has regained compliance with the minimum bid price requirement of US$1.00 per share under the Nasdaq Listing Rules (the "Listing Rules").
On July 25, 2022, Nasdaq provided confirmation to the Company that for at least 10 consecutive business days, from July 11 to July 22, 2022, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.
About Glory Star
Since its establishment in 2016, Glory Star has been laser focused on developing an ecosystem for its users that incorporates quality content, e-commerce, social networking, and gaming. The Company continues to integrate its cutting edge blockchain technologies, massive user base from its CHEERS ecosystem, quality content offerings, and its well-established e-commerce platform, and through the right application of 5G, AR, VR and NFT technologies to develop a metaverse boasting a wide range of "online + offline" and "virtual + reality" scenarios. Glory Star's CHEERS Video and e-Mall platforms provide a solid foundation for it to rapidly develop different entertainment and shopping applications for the metaverse. Glory Star also provides a suite of tools for its users to facilitate the development of new content by creators. The Company is remaining at the forefront of disrupting the way new media and e-commerce is operated. For more information, please visit http://ir.gsmg.co/.
Safe Harbor Statement
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company's ability to continue successful development and launch of its metaverse; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors; other factors, risks and uncertainties set forth in documents filed by the Company with the Securities and Exchange Commission (the "SEC") from time to time, including the Company's Annual Report on Form 20-F filed with the SEC on March 8, 2022. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.
Contacts
Glory Star New Media Group Holdings Limited
Yida Ye
Email: yeyida@gsmg.co
View original content:
SOURCE Glory Star New Media Group Holdings Limited | https://www.wkyt.com/prnewswire/2022/07/26/glory-star-new-media-group-holdings-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement/ | 2022-07-26T20:46:40Z | https://www.wkyt.com/prnewswire/2022/07/26/glory-star-new-media-group-holdings-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement/ | false |
RADNOR, Pa., July 26, 2022 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Missfresh Limited ("Missfresh") (NASDAQ: MF). The action charges Missfresh with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Missfresh's materially misleading statements and omissions to the public, Missfresh investors have suffered significant losses.
CLICK HERE TO SUBMIT YOUR MISSFRESH LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/missfresh-limited?utm_source=PR&utm_medium=link&utm_campaign=missfreshx&mktm=r
TO VIEW OUR VIDEO, PLEASE CLICK HERE
LEAD PLAINTIFF DEADLINE: SEPTEMBER 12, 2022
CLASS PERIOD: PURSUANT AND/OR TRACEABLE TO MISSFRESH'S JUNE 2021 IPO THROUGH JULY 12, 2022
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or Toll Free (844) 887-9500 or Email at info@ktmc.com
Kessler Topaz is one of the world's foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
In June 2021, Missfresh conducted its initial public offering (IPO), selling 21 million American Depository Shares ("ADSs") at $13.00 per ADS.
On April 29, 2022, after trading hours, Missfresh filed a Notification of Late Filing on a Form 12b-25, which announced that Missfresh "will not be able to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2021 … by the prescribed filing deadline of April 30, 2022." Missfresh explained that "[t]he independent Audit Committee of [Missfresh]'s board of directors, with the assistance of professional advisors, is in the process of conducting an internal review of certain matters, including those relating to transactions between [Missfresh] and certain third-party enterprises." Following this news, Missfresh ADSs fell 13% to close at $0.448 per ADS on May 2, 2021, the next trading day.
Then, on May 24, 2022, after trading hours, Missfresh issued a press release entitled "Missfresh Announces Receipt of Nasdaq Notification Regarding Late Filing of Form 20-F" announcing "that it received a notification letter dated May 19, 2022 . . . from the Listing Qualifications Department of The Nasdaq Stock Market Inc. ("Nasdaq"), indicating that [Missfresh] is not in compliance with the requirements for continued listing." Following this news, Missfresh ADSs fell 9% over the next two trading days to close at $0.167 per ADS on May 26, 2021.
Finally, on July 1, 2022, Missfresh issued a press release entitled "Missfresh Announces the Substantial Completion of the Audit Committee-Led Independent Internal Review." In the press release, Missfresh disclosed that "certain revenue associated with these reporting periods in 2021 may have been inaccurately recorded in [Missfresh]'s financial statements." As of the date the complaint was filed, Missfresh ADSs closed at $0.389 per ADS, well below Missfresh's IPO price of $13.00 per ADS.
Missfresh investors may, no later than September 12, 2022 seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Missfresh investors who have suffered significant losses to contact the firm directly to acquire more information.
CLICK HERE TO SIGN UP FOR THE CASE
WHO CAN BE A LEAD PLAINTIFF?
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453
info@ktmc.com
View original content to download multimedia:
SOURCE Kessler Topaz Meltzer & Check, LLP | https://www.wkyt.com/prnewswire/2022/07/26/mf-deadline-alert-kessler-topaz-meltzer-amp-check-llp-reminds-investors-september-12-2022-deadline-securities-fraud-class-action-lawsuit/ | 2022-07-26T20:47:23Z | https://www.wkyt.com/prnewswire/2022/07/26/mf-deadline-alert-kessler-topaz-meltzer-amp-check-llp-reminds-investors-september-12-2022-deadline-securities-fraud-class-action-lawsuit/ | false |
A north Alabama woman was arrested Saturday after police said she fired at officers Saturday responding to a domestic violence call.
Meighan Smith, 33, was arrested by Albertville police and charged with first-degree attempted assault.
Smith barricaded herself in a residence on Section Line Road when responding police wanted to speak with her. She fired one shot at the officers, police said.
She surrendered to police 2½ hours later. | https://www.al.com/news/2022/07/north-alabama-woman-arrested-after-shooting-at-police.html | 2022-07-26T20:47:43Z | https://www.al.com/news/2022/07/north-alabama-woman-arrested-after-shooting-at-police.html | false |
Record rain causes heavy flooding in St. Louis area; 1 dead
O’FALLON, Mo. (AP) — Record rainfall caused widespread flash flooding across the St. Louis area early Tuesday, killing one person, displacing many others and prompting rescues from vehicles and homes.
One person died when a car in St. Louis was found covered in more than 8 feet (2.4 meters) of water. Several puppies drowned when a building became flooded at Stray Paws Adoptables, a stray dog rescue operation in St. Peters, a St. Louis suburb. Firefighters in boats rescued other dogs from the building.
Damage across the region was widespread after a massive downpour dropped more than 12 inches (30 centimeters) of rain in parts of St. Charles County and up to 10 inches (25 centimeters) elsewhere in the St. Louis metropolitan area. Most of the rain fell in a few hours shortly after midnight.
By noon, about 9 inches (23 centimeters) of rain had fallen at Lambert Airport, demolishing the previous daily record of 6.85 inches set Aug. 20, 1915, when remnants of the Galveston, Texas, hurricane moved north to St. Louis. Forecasters expected more storms through the rest of the week.
Firefighters were busy with water rescues. Sections of interstates 70, 64, 55 and 44 were all closed at various times as water swamped the roadways. Some motorists took to social media to report being stranded for hours.
In the city of St. Louis, the fire department rescued people from several homes after floodwaters made it into houses. Fire Chief Dennis Jenkerson said at a news conference that many homes suffered significant damage, and some roofs were collapsing under the weight of the water.
Across the region, firefighters and other first responders rescued more than 100 people, mostly from vehicles that tried to pass through water-covered roadways.
“We’ve had a tremendous amount of cars that have been door-deep and also roof-deep in some of these low-lying areas,” Jenkerson said.
The water was above the roof of a car found just after 10 a.m. in a neighborhood near Forest Park. One person was pulled out but pronounced dead. Their identity has not been released.
In the St. Louis County town of Brentwood, residents were forced to evacuate when Deer Creek overflowed. Rising waters also threatened homes in Ladue, one of the wealthiest cities in Missouri.
Flooding was so bad that the iconic Gateway Arch closed for the day.
National Weather Service meteorologist Marshall Pfahler said a storm stalled over the St. Louis area around midnight and kept pouring water over the same relatively narrow band.
“You have this swath of up to 10-inch amounts, and a county or two south they had a trace or even less,” Pfahler said.
The remarkable rainfall followed a period of extended drought in the region. The ground was rock-hard before Tuesday morning and Pfahler said that may have played a small role in the flash flooding. A bigger factor, he said, was that the storm hit a metro area with a lot of concrete and asphalt, rather than grassy areas that could absorb the moisture more readily.
While the St. Louis region got the worst of it, other places were soaked, too. The central Missouri town of Mexico received more than 6 inches (15 centimeters) of rain. Similar rainfall totals were reported in parts of southern Illinois.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wbay.com/2022/07/26/record-rain-causes-heavy-flooding-st-louis-area-1-dead/ | 2022-07-26T20:48:13Z | https://www.wbay.com/2022/07/26/record-rain-causes-heavy-flooding-st-louis-area-1-dead/ | false |
NEWPORT, R.I., July 26, 2022 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (Nasdaq: PANL), a global provider of comprehensive maritime logistics solutions, today announced that it will release its second quarter 2022 financial results after market hours on Tuesday, August 9, 2022, along with an accompanying presentation that will be available with our Securities and Exchange Commission filing.
The company will host a teleconference to discuss the Company's second quarter 2022 financial results, including a question-and-answer session with management, at 8:00 a.m. ET on Wednesday, August 10, 2022.
To access the teleconference, please dial 800-343-5172 (domestic) or 785-424-1699 (international) approximately ten minutes before the teleconference's scheduled start time and reference Conference ID: PANLQ222.
A recording of the call will also be available for one week following the teleconference and will be accessible by calling 800-938-2490 (domestic) or 402-220-9028 (international).
About Pangaea Logistics Solutions Ltd.
Pangaea Logistics Solutions Ltd. provides logistics services to a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The Company addresses the transportation needs of its customers with a comprehensive set of services and activities, including cargo loading, cargo discharge, vessel chartering, and voyage planning. Learn more at www.pangaeals.com.
Contacts
Investor Relations Contacts
Emily Blum
Prosek Partners
973-464-5240
eblum@prosek.com
Gianni Del Signore
Pangaea Logistics Solutions Ltd.
401-846-7790
Investors@pangaeals.com
View original content:
SOURCE Pangaea Logistics Solutions Ltd. | https://www.wkyt.com/prnewswire/2022/07/26/pangaea-logistics-solutions-ltd-report-second-quarter-2022-results/ | 2022-07-26T20:48:21Z | https://www.wkyt.com/prnewswire/2022/07/26/pangaea-logistics-solutions-ltd-report-second-quarter-2022-results/ | false |
MOSCOW (AP) — Russia will pull out of the International Space Station after 2024 and focus on building its own orbiting outpost, the country's new space chief said Tuesday amid high tensions between Moscow and the West over the fighting in Ukraine.
The announcement, while not unexpected, throws into question the future of the 24-year-old space station, with experts saying it would be extremely difficult — perhaps a “nightmare," by one reckoning — to keep it running without the Russians. NASA and its partners had hoped to continue operating it until 2030.
“The decision to leave the station after 2024 has been made,” Yuri Borisov, appointed this month to lead the Russian space agency, Roscosmos, said during a meeting with President Vladimir Putin. He added: “I think that by that time we will start forming a Russian orbiting station.”
The space station has long been a symbol of post-Cold War international teamwork in the name of science but is now one of the last areas of cooperation between the U.S. and the Kremlin.
NASA had no immediate comment.
U.S. State Department spokesman Ned Price called the announcement “an unfortunate development” given the “valuable professional collaboration our space agencies have had over the years.” National Security Council spokesperson John Kirby said the U.S. is “exploring options” for dealing with a Russian withdrawal.
Borisov’s statement reaffirmed previous declarations by Russian space officials about Moscow’s intention to leave the space station after 2024 when the current international arrangements for its operation end.
Russian officials have long talked about their desire to launch their own space station and have complained that the wear and tear on the aging International Space Station is compromising safety and could make it difficult to extend its lifespan.
Cost may also be a factor: With Elon Musk’s SpaceX company now flying NASA astronauts to and from the space station, the Russian Space Agency lost a major source of income. For years, NASA had been paying tens of millions of dollars per seat for rides aboard Russian Soyuz rockets.
The Russian announcement is certain to stir speculation that it is part of Moscow’s maneuvering to win relief from Western sanctions over the conflict in Ukraine. Borisov’s predecessor, Dmitry Rogozin, said last month that Moscow could take part in negotiations about a possible extension of the station’s operations only if the U.S. lifts its sanctions against Russian space industries.
Former Canadian astronaut Chris Hadfield tweeted in reaction to Tuesday's announcement: “Remember that Russia’s best game is chess.”
The space station is jointly run by Russia, the U.S., Europe, Japan and Canada. The first piece was put in orbit in 1998, and the outpost has been continuously inhabited for nearly 22 years. It is used to conduct scientific research in zero gravity and test out technology for future journeys to the moon and Mars.
It typically has a crew of seven, who spend months at a time aboard the station as it orbits about 260 miles (420 kilometers) above Earth. Three Russians, three Americans and one Italian are now on board.
The $100 billion-plus complex is about as long as a football field and consists of two main sections, one run by Russia, the other by the U.S. and the other countries. It was not immediately clear what will have to be done to the Russian side of the complex to safely operate the space station once Moscow pulls out.
Former NASA astronaut Scott Kelly, who spent 340 continuous days aboard the International Space Station in 2015 and 2016, said that the Russian statement “could be just more bluster,” noting that ”after 2024" is vague and open-ended.
“I believe Russia will stay as long as they can afford to, as without ISS they have no human spaceflight program," he said. “Cooperation with the West also shows some amount of legitimacy to other, nonaligned nations and to their own people, which Putin needs, as the war in Ukraine has damaged his credibility.”
Kelly said the design of the station would make it difficult but not impossible for the remaining nations to operate it if Russia were to withdraw.
Jordan Bimm, a historian of science at the University of Chicago, said the Russian statement “does not bode well for the future of the ISS,” adding that “it creates a constellation of uncertainties about maintaining the station which don’t have easy answers.”
“What will `leaving' look like?” he asked. "Will the last cosmonauts simply undock a Soyuz and return to Earth, leaving the Russian-built modules attached? Will they render them inoperable before leaving? Will NASA and its international partners have to negotiate to buy them out and continue using them? Can these modules even be maintained without Russian know-how?”
Bimm said that running the station after the Russians bail out "could be a nightmare depending on how hard Russia wanted to make it for NASA and its remaining partners.”
If the Russian components of the station were detached or inoperable, the most immediate problem would be how to boost the complex periodically to maintain its orbit, he said. Russian spacecraft that arrive at the station with cargo and crew members are used to help align the station and raise its orbit.
Scott Pace, director of George Washington University’s space policy institute, said it also "remains to be seen whether the Russians will, in fact, be able to launch and maintain their own independent station.”
Russia has made no visible effort so far to develop its own space station, and the task appears increasingly daunting now amid the crisis in Ukraine and the Western sanctions that have limited Russia’s access to Western technology.
Well before the International Space Station, the Soviets — and then the Russians — had a number of their own space stations, including Mir. The U.S. likewise had Skylab.
John Logsdon, founder and former director of the George Washington University institute, said NASA has had plenty of time to prepare for a Russian withdrawal, given the threats coming out of Moscow, and would be derelict in its duty if it hadn't been thinking about this for several years.
“One alternative is to declare victory with the station and use this as an excuse to de-orbit it and put the money into exploration,” he said, adding: “Its political value clearly has declined over time.”
___
AP aerospace writer Marcia Dunn reported from Cape Canaveral, Florida. AP journalists Matthew Lee and Tracy Brown contributed from Washington.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. | https://www.mynews13.com/fl/orlando/ap-top-news/2022/07/26/russia-to-opt-out-of-international-space-station-after-2024 | 2022-07-26T20:49:10Z | https://www.mynews13.com/fl/orlando/ap-top-news/2022/07/26/russia-to-opt-out-of-international-space-station-after-2024 | true |
TUCSON, Ariz. (KGUN) — The Arizona Cardinals inserted a unique clause into the massive Kyler Murray contract extension.
According to ESPN's Josh Weinfuss — who got a copy of the contract clause from a source — the clause requires Murray to take part in four hours of independent study per week.
Apparently geared toward requiring Murray complete film study to familiarize himself with his team and opponents, the study requirement has some teeth. It forbids him from playing video games, watching TV or surfing the internet during study sessions.
If Murray does not complete the required study, he could be found in violation of his contract.
Murray signed a five-year, $230.5 million deal with $160 million guaranteed. It makes him the second-highest-paid player in the NFL by some calculations.
Weinfuss reports that the independent study clause is "unusual, if not unprecedented."
----
——-
Phil Villarreal is the senior real-time editor for KGUN 9. He is also a digital producer and host of "Phil on Film" seen weekly on Good Morning Tucson, Phil moved to KGUN after 17 years with the Arizona Daily Star. He is married and has four children. Share your story ideas and important issues with Phil by emailing phil.villarreal@kgun9.com or by connecting on Facebook, Instagram, and Twitter. | https://www.kgun9.com/news/local-news/cardinals-requiring-kyler-murray-to-study-film-for-four-hours-a-week | 2022-07-26T20:50:03Z | https://www.kgun9.com/news/local-news/cardinals-requiring-kyler-murray-to-study-film-for-four-hours-a-week | true |
BLUEFIELD, Va. (AP) _ First Community Bancshares Inc. (FCBC) on Tuesday reported second-quarter earnings of $11.2 million.
The Bluefield, Virginia-based bank said it had earnings of 67 cents per share.
The holding company for First Community Bank posted revenue of $36.8 million in the period. Its revenue net of interest expense was $36.4 million, topping Street forecasts.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FCBC at https://www.zacks.com/ap/FCBC | https://www.ourmidland.com/business/article/First-Community-Bancshares-Q2-Earnings-Snapshot-17330438.php | 2022-07-26T20:50:15Z | https://www.ourmidland.com/business/article/First-Community-Bancshares-Q2-Earnings-Snapshot-17330438.php | true |
In the early 1930s, the U.S. Senate enlisted a young economist named Simon Kuznets to figure out how badly the economy had been ravaged by the Great Depression, and whether policies were doing much to fix it. Back then, the government did not monitor the economy in a rigorous way. In fact, for a long time, the very concept of a single, nationwide entity known as "the economy" was alien to people, at least in the modern sense (for more on this, stay tuned for a Planet Money "Summer School" episode out on July 20).
After a lot of pretty boring work, sifting through papers and compiling statistics, Kuznets and his team delivered their report to Congress in 1934. It was titled, "National Income, 1929-1932," and it provided the federal government with the first comprehensive accounting system to measure the economy. The report introduced America to a new concept: that you can size up the nation's entire economy with a single number. Back then, Kuznets called it "national income," but it was a forerunner to a concept that today we call GDP (short for Gross Domestic Product).
The idea of using a single number to measure the size of the economy was an immediate sensation. All of a sudden, the country had a more scientific way to estimate economic growth, to judge leaders and policies on their economic performance, and to decide whether they should change course. The number was adopted by basically every nation on earth. To this day, the number moves markets, helps countries prove their ability to repay loans and assess their capability to fight wars, and shapes the policies of governments and central banks. Kuznets ended up winning a Nobel Prize in part for helping to create it.
But in the very report to Congress in which Kuznets pioneered the measurement of GDP, he also cautioned against putting too much stock in it. "The valuable capacity of the human mind to simplify a complex situation in a compact characterization becomes dangerous when not controlled," Kuznets cautioned in the report.
Kuznets was particularly concerned that this single metric, which only estimates the size of the economy, could overshadow the inequality found within the economy. "Economic welfare cannot be adequately measured unless the personal distribution of income is known," Kuznets wrote. Nonetheless, to the chagrin of a long line of economists, this single number continues to dominate the conversation.
Nearly a century after Kuznets pioneered the use of GDP, economists Thomas Blanchet, Emmanuel Saez, and Gabriel Zucman are trying to revolutionize it. In a new paper titled "Real-Time Inequality," the economists imagine a new kind of GDP, one that isn't merely a single number telling us about total economic growth, but a collection of numbers telling us where the gains from this growth are flowing. They already have a working prototype that they've published online, and it can provide some important insights about our economy right now.
GDP, The Remix
Gabriel Zucman is an economist at UC Berkeley and the director of the James M. and Cathleen D. Stone Center on Wealth and Income Inequality. He has been working to transform government economic statistics — also called "national accounts" — for almost a decade. He says the national accounts offer the public valuable insights about economic growth. However, Zucman says, "The big problem is these data do not tell you who is benefiting from economic growth."
America, of course, already has tons of data on inequality. The problem, Zucman says, is it usually takes a year or two for this data to be updated. "It's not enough to come in two years after the policy battle, and say, 'Look, this is what happened to inequality,'" Zucman says. "That's too late."
Their new project is an effort to fix this. Cobbling together data from a variety of official sources, Zucman and his colleagues have pioneered a method to compute in a more timely fashion how different income groups — like the working class and the middle class — are doing economically. They hope this prototype will inspire the federal government to follow suit and soon "produce numbers about how income is growing for each social group at the exact time when the Bureau of Economic Analysis releases its official GDP growth numbers."
[Editor's note: This is an excerpt of Planet Money's newsletter. You can sign up here.]
Zucman envisions a future where this data could inform and shape policy decisions. When considering policies like sending stimulus checks or providing tax relief, Zucman says, policymakers and voters need to know things like "which groups need more support, or whether the government may be actually overshooting, which might lead to inflation."
The Great Recession vs The Pandemic Recession
To test their new "Real-Time Inequality" tool, Zucman and his colleagues look back at economic history, and use it to see how different income groups fared in past recessions and recoveries.
After the Great Recession began back in 2007, Zucman says, it took four years for GDP to recover back to its pre-crisis period. "But it took ten years for the bottom 50 percent of the income distribution — half of the population — to recover and get to its pre-Great Recession level. So you had a massive disconnect between how GDP was growing and how income was growing for most of the population."
Compare that to the pandemic recession and recovery. It took 20 months for the bottom 50 percent to recover to their pre-crisis income level. That was about twice as long as it took for the top 50 percent to recover. However, over the last year or so, it's been the poorer half of America that — for once — has been improving their (relatively meager) position, with surging incomes that have helped push them closer to richer Americans.
Benefiting from a tight labor market and generous government benefits, the bottom 50 percent had a disposable income that was 20 percent higher in 2021 compared to 2019. It was completely unprecedented. Pandemic-era government benefits were rolled back in 2022, knocking incomes back down, but the poorer half of America has continued to see incomes grow faster than the top half of America, due to a super-tight labor market (and perhaps, to some extent, richer workers leaning away from pressing for wage increases in order to preserve their ability to work remotely).
According to Zucman's Real-Time Inequality tool, in the first quarter of 2022, the bottom 50 percent of income earners saw a 5.1% gain in their real incomes (after accounting for inflation). The middle 40 percent of earners saw only a 1.6% increase. Meanwhile, the top ten percent and one percent saw declines of 1.4% and 3.1%, respectively (largely because of the crash in the stock market and other asset markets, where the rich disproportionately invest their money).
Inequality, in other words, has been shrinking. It's an extraordinary change from the past 40 years, where the bottom has seen very little income growth and the top has seen massive gains.
As a sort of proof of concept for the political value of their tool, the White House jumped on the chance to highlight the gains for working class Americans when Zucman and his team first released their inequality-focused GDP prototype earlier this year.
But there's also the other side of the coin of wage surges for low-income Americans. Evidence suggests it's one reason why inflation has been surging: in a tight labor market, businesses have been forced to pay low-wage workers more, and they've been raising their prices to cover growing labor costs (in addition to energy costs and other surging costs). Macroeconomic theory has long posited that there's a tradeoff between inflation and a super-tight, wage-surging labor market.
"Like everybody, I dislike inflation," Zucman says. "But, look, if it's the price to pay for gains for groups that have been excluded from growth, let's discuss. I think the tool that we're trying to develop is precisely what will make it possible to have an informed debate about these sort of trade offs."
It's pretty darn clear, though, where the wind is blowing. The Federal Reserve is now raising interest rates, which will likely end the bonanza for low-income workers.
Interestingly, Simon Kuznets isn't only famous for pioneering GDP. He's also famous for the "Kuznets curve." It's an idea — informed by data Kuznets observed back in the 1950s — that as countries develop, inequality first increases, but then it peaks and begins to plummet. Despite the gains for working class Americans seen in recent months, if the past 40 years of American economic history are any indication, that's a pipe dream.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.wunc.org/2022-07-19/meet-the-new-gdp-prototype-that-tracks-inequality | 2022-07-26T20:51:02Z | https://www.wunc.org/2022-07-19/meet-the-new-gdp-prototype-that-tracks-inequality | true |
The Best Ray-Ban Sunglasses on Amazon: Aviator, Wayfarer and More
Summer is still here and many of us are loving the sunny days and outdoors. If you're still daydreaming about a sunnier destination, you may want to pick up some new shades for your next vacation. Amazon has are over 100 can't-miss deals on Ray-Ban sunglasses, some are almost 60% off.
The eyewear brand launched in the 1930s and has become a summer staple accessory for influencers and celebrities alike. Having a pair of Ray-Ban sunglasses in the mix is key for a stylish summer season and right now, you can even pick a pair of select Ray-Ban sunglasses for under $100. Bonus: Amazon Prime wardrobe shoppers can try select shades for free for seven days to make sure they're the right fit.
On Amazon, you can find deals on celeb-loved sunglasses like the versatile Ray-Ban Wayfarer. There are many options to choose from when it comes to finding the perfect sunglasses: the best shade, metal frame, 100 UV protection, polarized lenses, and prescription lenses. Before you pick the frames that complement your face and summer style, you can unlock free 2-day shipping with an Amazon Prime membership. A 30-day free trial will also allow you to take advantage of all the discounts.
Ahead, here are our favorite picks of Ray-Ban sunglasses to show off your iconic style.
Best Ray-Ban Deals
RELATED CONTENT:
The 14 Most Stylish Sunglasses Under $50 to Shop for Summer
10 Celeb-Loved Sunglasses for Summer 2022: J.Lo, Hailey Bieber & More
The Best Deals on Summer Dresses You Can Still Shop at Amazon
Hailey Bieber's Favorite Denim Shorts Are on Sale for $24 at Amazon
The Best Flowy, Lightweight Linen Pants for Women to Shop This Summer
There Are So Many Beauty Deals to Shop Now on Amazon
Amazon’s Best-Selling Vitamin C Serum Is 45% Off
The Best Deals on Birkenstock Sandals Still Available on Amazon
Hailey Bieber's Vogue Eyewear Line Has the Chicest, Cool-Girl Sunnies | https://www.etonline.com/the-best-ray-ban-sunglasses-on-amazon-aviator-wayfarer-and-more-148510 | 2022-07-26T20:52:46Z | https://www.etonline.com/the-best-ray-ban-sunglasses-on-amazon-aviator-wayfarer-and-more-148510 | false |
Firefox
Chrome
Edge
Safari
Images
Video
Music
SFX
Templates
Editorial
3D Models
Tools
Blog
Enterprise
Pricing
Home
Catalog
Create
Predict
Plan
Menu
Help
Medium
Rarely used
This asset has some traction but few have discovered it yet.
Stock Vector ID: 22088260
Vector Formats
EPS
600 × 600 pixels • 2 × 2 in • DPI 300 • JPG
Vector Contributor
smilewithme
Our company
Sell your content
About us
Careers
Press/Media
Investor relations
Shutterstock Blog
Popular searches
Coupons
Apps
iOS app
Android app
Partner
Developers
Affiliate/Reseller
International reseller
Legal
Website Terms of Use
Terms of Service
Privacy policy
Services
Live assignments
Rights and clearance
Contact us
English
© 2003-2022 Shutterstock, Inc. | https://www.shutterstock.com/image-vector/valentines-day-card-idea-vector-22088260 | 2022-07-26T20:53:50Z | https://www.shutterstock.com/image-vector/valentines-day-card-idea-vector-22088260 | false |
Reports second quarter 2022 GAAP earnings of $0.33 per share and operating (non-GAAP) earnings of $0.53 per share, in top end of guidance range
Closed on minority sale of FET LLC, raising $2.4 billion at historic premium valuation
Solid execution to improve the balance sheet with over $2.5 billion of debt retired year-to-date
Anticipates achieving targeted FFO/Debt of ~13% in 2023, ahead of schedule
Updates and affirms full-year GAAP and operating guidance and provides outlook for third quarter
AKRON, Ohio, July 26, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported second quarter 2022 GAAP earnings of $187 million, or $0.33 per basic and diluted share, on revenue of $2.8 billion. In the second quarter of 2021, the company reported GAAP earnings of $58 million, or $0.11 per basic and diluted share, on revenue of $2.6 billion. GAAP results include special items listed below.
Operating (non-GAAP) earnings* were $0.53 per share for the second quarter of 2022, in the upper end of the company's guidance range. In the second quarter of 2021, operating (non-GAAP) earnings were $0.59 per share and $0.47 per share on a pro forma basis when adjusting for the company's previously announced accounting policy changes, Ohio rate credits and equity financing transactions.
"Through the first half of 2022, we've made tremendous progress to strengthen our culture, optimize our operations and bolster our financial position, supporting our mission to become a more customer-focused and sustainable company," said Steven E. Strah, FirstEnergy president and chief executive officer. "We made substantial progress to improve the balance sheet by utilizing the proceeds from our historic equity raises to retire over $2.5 billion of debt and fund our regulated capital investment programs that generate strong earnings and cash flow," he added. "We now believe we are on the path to achieve solid investment grade credit metrics of approximately 13% Funds from Operations to Debt in 2023 – one year ahead of schedule."
For the third quarter of 2022, the company is providing a GAAP and operating (non-GAAP) forecast range of $400 million to $455 million, or $0.70 to $0.80 per share based on 571 million shares outstanding.
FirstEnergy updated its full-year 2022 GAAP earnings forecast range to $1,240 million to $1,355 million, or $2.17 to $2.37 per share based on 571 million shares outstanding. The company also affirmed its full-year 2022 operating (non-GAAP) earnings guidance range of $1,315 million to $1,430 million, or $2.30 to $2.50 per share based on 571 million shares outstanding.
Second Quarter Results
Second quarter and year-to-date 2022 results reflect the impacts of certain accounting policy changes, rate credits that were provided to Ohio customers under the company's previously approved stipulation, and dilution related to the common equity financing transaction that closed at the end of 2021 and the sale of a minority interest in FirstEnergy Transmission, LLC that closed on May 31, 2022.
Excluding the impact of these items, second quarter operating results in the Regulated Distribution business declined slightly as a result of lower residential customer usage and higher planned expenses. This was partially offset by higher revenues related to capital investment programs in Ohio, Pennsylvania and New Jersey.
Total distribution deliveries increased 0.7% compared to the second quarter of 2021. Residential sales decreased 1.6%, largely due to milder weather, while Commercial deliveries increased 1.5% and sales to industrial customers increased 2.4%, reflecting a recovery from pandemic conditions. When adjusted for the impact of weather, total deliveries rose 1.3%, driven by a 2% increase in demand from commercial and industrial customers.
In the Regulated Transmission business, second quarter 2022 operating results benefited from the company's ongoing Energizing the Future capital investment program and lower revolver borrowings.
In the Corporate/Other segment, second quarter 2022 operating results improved as compared to the second quarter of 2021 due to higher returns on legacy, commodity-based investments, lower interest expense due to recent early debt redemptions and higher discrete tax benefits.
First Half Results
For the first half of 2022, FirstEnergy reported GAAP earnings of $475 million, or $0.83 per basic and diluted share, on revenue of $5.8 billion. This compares to GAAP earnings of $393 million, or $0.72 per basic and diluted share, on revenue of $5.3 billion in the first half of 2021. Results for both periods reflect the impact of special items listed below.
Operating (non-GAAP) earnings* for the first half of 2022 were on target at $1.12 per share, compared to $1.28 per share in the first half of 2021 and $1.06 per share on a pro forma basis in the first half of 2021, when adjusting for the impacts of accounting policy changes, Ohio rate credits and equity financing transactions described above.
Results for the first half of 2022, as compared to the same period of last year, primarily reflect the impact from higher investments and lower interest expense, partially offset by higher planned operating expenses.
Non-GAAP financial measures
* Operating earnings (loss) excludes "special items" as described below, and is a non-GAAP financial measure. Special items represent charges incurred or benefits realized that management believes are not indicative of, or may obscure trends useful in evaluating the Company's ongoing core activities and results of operations or otherwise warrant separate classification. Special items are not necessarily non-recurring. Management uses Operating earnings (loss) and Operating earnings (loss) per share to evaluate the Company's performance and manage its operations and frequently references these non-GAAP financial measures in its decision making, using them to facilitate historical and ongoing performance comparisons. Additionally, management uses Operating earnings (loss) per share by segment to further evaluate the Company's performance by segment and references this non-GAAP financial measure in its decision making. Operating earnings (loss) per share and Operating earnings (loss) per share for each segment is calculated by dividing Operating earnings (loss), which excludes special items as discussed herein, for the periods presented by the number of shares outstanding. Basic EPS (GAAP) and Operating EPS (Non-GAAP), as well as Basic EPS (GAAP) and Operating EPS (Non-GAAP) for each segment, are based on 571 million shares for the second quarter, first half, third quarter and full year of 2022 and 544 million for the second quarter and first six months of 2021. Furthermore, pro forma earnings per share are also a non-GAAP financial measure and adjust the 2021 operating earnings (loss) per share for the three and six months ended June 30, 2021, for certain accounting policy changes, rate credits and equity financing transactions that took effect or began to impact in 2022, which management believes provides for a more consistent and comparable measure of performance of its businesses period-over-period. Management believes that the non-GAAP financial measures of Operating earnings (loss) and Operating earnings (loss) per share, Operating earnings (loss) per share by segment, and pro forma earnings per share provide consistent and comparable measures of performance of its businesses on an ongoing basis. Management also believes that such measures are useful to shareholders and other interested parties to understand performance trends and evaluate the Company against its peer group by presenting period-over-period operating results without the effect of certain charges or benefits that may not be consistent or comparable across periods or across the Company's peer group. Generally, a non-GAAP financial measure is a numerical measure of a company's historical or future financial performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with accounting principles generally accepted in the United States (GAAP). These non-GAAP financial measures are intended to complement, and are not considered as alternatives to, the most directly comparable GAAP financial measures. Also, the non-GAAP financial measures may not be comparable to similarly titled measures used by other entities. Pursuant to the requirements of Regulation G, FirstEnergy has provided, where possible without unreasonable effort, quantitative reconciliations within this presentation of the non-GAAP financial measures to the most directly comparable GAAP financial measures.
Investor Materials and Teleconference
FirstEnergy's Strategic and Financial Highlights is posted on the company's Investor Information website – www.firstenergycorp.com/ir. To access the report, click on the Second Quarter 2022 Financial Results link.
The company invites investors, customers and other interested parties to listen to a live webcast of its teleconference for financial analysts and view presentation slides at 11:00 a.m. EDT tomorrow. FirstEnergy management will present an overview of the company's financial results, followed by a question-and-answer session. The teleconference and presentation can be accessed on the website by selecting the Second Quarter 2022 Earnings Webcast link. The webcast and presentation will be archived on the website.
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or online at www.firstenergycorp.com.
Forward-Looking Statements: This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on information currently available to management. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "forecast," "target," "will," "intend," "believe," "project," "estimate," "plan" and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, which may include the following the potential liabilities, increased costs and unanticipated developments resulting from government investigations and agreements, including those associated with compliance with or failure to comply with the Deferred Prosecution Agreement entered into on July 21, 2021, with the U.S. Attorney's Office for the Southern District of Ohio; the risks and uncertainties associated with government investigations and audits regarding Ohio House Bill 6, as passed by Ohio's 133rd General Assembly ("HB 6") and related matters, including potential adverse impacts on federal or state regulatory matters, including, but not limited to, matters relating to rates; the risks and uncertainties associated with litigation, arbitration, mediation, and similar proceedings, particularly regarding HB 6 related matters, including risks associated with obtaining court approval of the settlement agreement in the derivative shareholder lawsuits; changes in national and regional economic conditions, including recession and inflationary pressure, affecting us and/or our customers and those vendors with which we do business; weather conditions, such as temperature variations and severe weather conditions, or other natural disasters affecting future operating results and associated regulatory actions or outcomes in response to such conditions; legislative and regulatory developments, including, but not limited to, matters related to rates, compliance and enforcement activity, cybersecurity, and climate change; the ability to accomplish or realize anticipated benefits from our FE Forward initiative and our other strategic and financial goals, including, but not limited to, overcoming current uncertainties and challenges associated with the ongoing government investigations, executing our transmission and distribution investment plans, greenhouse gas reduction goals, controlling costs, improving our credit metrics, growing earnings and strengthening our balance sheet; changing market conditions affecting the measurement of certain liabilities and the value of assets held in our pension trusts may negatively impact our results of operations and related guidance, and may also cause us to make contributions to our pension sooner or in amounts that are larger than currently anticipated; the risks associated with cyber-attacks and other disruptions to our, or our vendors', information technology system, which may compromise our operations, and data security breaches of sensitive data, intellectual property and proprietary or personally identifiable information; mitigating exposure for remedial activities associated with retired and formerly owned electric generation assets; the ability to access the public securities and other capital and credit markets in accordance with our financial plans, the cost of such capital and overall condition of the capital and credit markets affecting us, including the increasing number of financial institutions evaluating the impact of climate change on their investment decisions; the extent and duration of the COVID-19 pandemic and the related impacts to our business, operations and financial condition resulting from the outbreak of COVID-19 including, but not limited to, disruption of businesses in our territories, supply chain disruptions, additional costs, workforce impacts and governmental and regulatory responses to the pandemic, such as the moratoriums on utility disconnections and workforce vaccination mandates imposed at varying points throughout the pandemic; actions that may be taken by credit rating agencies that could negatively affect either our access to or terms of financing or our financial condition and liquidity; changes in assumptions regarding factors such as economic conditions within our territories, the reliability of our transmission and distribution system, or the availability of capital or other resources supporting identified transmission and distribution investment opportunities; changes in customers' demand for power, including, but not limited to, economic conditions, the impact of climate change, or energy efficiency and peak demand reduction mandates; the potential of non-compliance with debt covenants in our credit facilities; the ability to comply with applicable reliability standards and energy efficiency and peak demand reduction mandates; changes to environmental laws and regulations, including, but not limited to, those related to climate change; labor disruptions by our unionized workforce; changes to significant accounting policies; any changes in tax laws or regulations, or adverse tax audit results or rulings; the risks and other factors discussed from time to time in our Securities and Exchange Commission ("SEC") filings. Dividends declared from time to time on FirstEnergy Corp.'s common stock during any period may in the aggregate vary from prior periods due to circumstances considered by FirstEnergy Corp.'s Board of Directors at the time of the actual declarations. A security rating is not a recommendation to buy or hold securities and is subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating. These forward-looking statements are also qualified by, and should be read together with, the risk factors included in FirstEnergy Corp.'s filings with the SEC, including, but not limited to, the most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The foregoing review of factors also should not be construed as exhaustive. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on FirstEnergy Corp.'s business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements. FirstEnergy Corp. expressly disclaims any obligation to update or revise, except as required by law, any forward-looking statements contained herein or in the information incorporated by reference as a result of new information, future events or otherwise.
View original content to download multimedia:
SOURCE FirstEnergy Corp. | https://www.kbtx.com/prnewswire/2022/07/26/firstenergy-announces-second-quarter-2022-financial-results/ | 2022-07-26T20:53:51Z | https://www.kbtx.com/prnewswire/2022/07/26/firstenergy-announces-second-quarter-2022-financial-results/ | false |
DETROIT (AP) — Thousands of people wrongly accused of fraud when seeking unemployment benefits can seek financial relief from the state, the Michigan Supreme Court said Tuesday, breaking new ground when someone claims their constitutional rights have been violated by the government.
“The state is prohibited from violating the rights the Constitution guarantees. If it does so, it is liable for the harm it causes,” Justice Megan Cavanagh wrote in a 4-3 opinion.
The three dissenters were justices nominated by the Republican Party.
An automated computer system used during the administration of Gov. Rick Snyder was a disaster over a two-year period. People were accused of cheating to get jobless aid. They were forced to repay money, along with substantial penalties, before the Unemployment Insurance Agency finally acknowledged widespread errors affecting more than 40,000 people.
Although refunds were made, the state still is being sued by people who argue that their due-process rights — a right to be heard — were violated while they tried to untangle themselves from the mess.
Some victims had to hire lawyers to fight false fraud findings. Others filed for bankruptcy, lost wages, suffered poor credit ratings or had trouble finding a job and housing.
The Supreme Court said it has the power to step in, especially when the Legislature hasn't come up with a law that offers a remedy to people whose rights have been violated by the state.
“If our Constitution is to function, then the fundamental rights it guarantees must be enforceable. Our basic rights cannot be mere ethereal hopes if they are to serve as the bedrock of our government,” Cavanagh wrote.
___
Follow Ed White at http://twitter.com/edwritez | https://www.beaumontenterprise.com/news/article/Unemployed-wrongly-accused-of-fraud-can-seek-cash-17330366.php | 2022-07-26T20:55:56Z | https://www.beaumontenterprise.com/news/article/Unemployed-wrongly-accused-of-fraud-can-seek-cash-17330366.php | false |
Stocks are lower on Wall Street in afternoon trading Tuesday after Walmart warned that inflation was negatively impacting American consumers' spending power.
The S&P 500 was down 1.3% as of 2:42 p.m. Eastern, wiping out modest gains from a day earlier. The Dow Jones Industrial Average was down 247 points, or 0.8%, at 31,744 and the Nasdaq Composite slid 2%.
Walmart shares dropped 8.3% after the retail giant cut its profit outlook for the second quarter and the full year, saying rising prices for food and gas are forcing shoppers to cut back on more profitable discretionary items, particularly clothing.
Walmart's profit warning in the middle of the quarter is rare, and raised worries about how the highest inflation in 40 years is affecting the entire retail sector. Stocks of other major chains fell following Walmart's announcement, made after Wall Street's closing bell on Tuesday. Target dropped 4.2%, Macy's slid 6.5% and Kohl's fell 8%.
Investors have remained deeply concerned about inflation's impact on company profits and how it will affect U.S. consumers. While Americans' finances are relatively strong thanks to savings built up during the pandemic, those nest eggs are being spent on high gas and food prices.
The major indexes are coming off solid gains last week fueled by mostly better-than-expected reports on corporate profits. Falling yields in the bond market also helped, easing the pressure on stocks after expectations for rate hikes by the Federal Reserve propelled yields higher much of this year.
The central bank is expected to announce a rate hike of up to three-quarters of a percentage point on Wednesday, triple the usual amount. The central bank is waging an aggressive campaign to stem four-decade high inflation. The expected hike would put the Fed's benchmark rate in a range of 2.25% to 2.5%, the highest since 2018.
Bond yields were mixed Tuesday. The two-year Treasury yield, which tends to move with expectations for the Fed, rose to 3.04% from 3.02% late Monday. The 10-year yield, which influences mortgage rates, fell to 2.79% from 2.82%.
Technology stocks, retailers and communication companies were among the biggest drags on the benchmark S&P 500 index. Microsoft was down 3.5%, Amazon slid 5.3% and Facebook owner Meta Platforms dropped 4.5%.
The losses easily outweighed gains by health care and utilities stocks. Small company stocks also fell, sending the Russell 2000 0.6% lower.
Investors were eying the latest batch of corporate earnings reports.
Shares of automaker General Motors fell 3.1% after the company said its second-quarter profit fell 40% from a year ago, as computer chip and parts shortages hobbled factory output and drove the company's U.S. sales down more than 15%.
The Detroit automaker earned $1.67 billion from April through June, well below the $2.79 billion it made a year earlier. GM couldn't deliver 95,000 vehicles during the quarter because it lacked parts.
Shopify slumped 15.3% after the Canadian e-commerce company said it is cutting 10% of its staff, or about 1,000 employees, as it reckons with an unexpected sales downturn after pandemic-fueled growth.
Tech heavyweights Alphabet and Microsoft report their results after the closing bell, while Meta, Apple and Amazon report later in the week. | https://www.abc15.com/news/national/bad-news-from-walmart-as-inflation-curbs-spending-us-markets-sent-tumbling | 2022-07-26T21:01:09Z | https://www.abc15.com/news/national/bad-news-from-walmart-as-inflation-curbs-spending-us-markets-sent-tumbling | true |
LONDON, UK — A fossil of a 560-million-year-old creature, which researchers believe to be the first animal predator, has been named after the British naturalist and broadcaster David Attenborough.
Scientists said Monday they believe the specimen, named Auroralumina attenboroughii, is the earliest creature known to have a skeleton. It is related to the group that includes corals, jellyfish and anemones, they say.
“It’s generally held that modern animal groups like jellyfish appeared 540 million years ago in the Cambrian explosion," said Phil Wilby, a palaeontologist at the British Geological Survey. “But this predator predates that by 20 million years."
He said it was “massively exciting” to know that the fossil was one of possibly many that hold the key to “when complex life began on Earth.”
The fossil was found in Charnwood Forest near Leicester in central England, where Attenborough used to go fossil hunting.
The 96-year-old said he was “truly delighted."
Frankie Dunn, from the Oxford University Museum of Natural History, said the specimen was very different to other fossils found in Charnwood Forest and around the world.
Dunn said, unlike most other fossils from the Cambrian period, “this one clearly has a skeleton, with densely-packed tentacles that would have waved around in the water capturing passing food, much like corals and sea anemones do today."
The first part of the creature's name is Latin for dawn lantern, in recognition of its great age and resemblance to a burning torch.
The Cambrian explosion, which took place between about 541 million to 530 million years ago, was an evolutionary burst that saw the emergence of a huge diversity of animals. Many of the creatures evolved hard body parts such as calcium carbonate shells during this time. | https://www.wtsp.com/article/news/nation-world/early-animal-predator-named-after-david-attenborough/507-e7e21045-a9b9-4aa1-b5e1-9f44fee9e5a2 | 2022-07-26T21:08:16Z | https://www.wtsp.com/article/news/nation-world/early-animal-predator-named-after-david-attenborough/507-e7e21045-a9b9-4aa1-b5e1-9f44fee9e5a2 | false |
Jews make up just 2% of the U.S. population. But according to the Anti-Defamation League, they’re the target of the majority of religious-based hate crimes — nearly 60 percent.
The ADL reports Connecticut saw a 42% increase in antisemitic incidents in 2021 over the year before. Those incidents included a bomb threat, as well as vandalism and harassment at Jewish institutions, schools, homes and online. Neo-Nazi and white supremacist flyers have been found in 20 towns in the state since February of this year, according to the ADL.
“The data is quite alarming,” said Avinoam Patt, a professor and director of Judaic Studies at the University of Connecticut. “But at the same time this conforms to our understanding of how antisemitism functions throughout history.”
Patt said antisemitism is often called “the oldest hatred.”
“But really functions as a type of conspiracy theory which often goes hand in hand with other forms of racism, xenophobia, discrimination,” he said.
Megan Black is Common Good Program Director at the non-profit Western States Center. She works in racial justice and faith-based organizing and said growing antisemitism nationwide has fed into what’s known as the “great replacement” theory.
“This idea that the white Christian majority in the country is being displaced by non-Christians and by Black people and by brown people, and that Jews are actually the ones who are responsible for that replacement,” Black said, explaining the conspiracy theory. “That it's a plot by a global cabal or some kind of secretive Jewish conspiracy group that is pulling the strings on these puppets.”
The “great replacement” theory puts a new label on old fears. Populist leaders — like fascist leaders of the past — warn that a group of outsiders is threatening the safety and survival of the majority. This fear is used to justify action against the “other.” As people buy into this conspiratorial thinking, Black said they lose faith in democracy.
“It boils down ultimately to this act of having to share power in a democracy and this experience of feeling extremely threatened by that in this society right now,” she said.
These theories — that Jews somehow pull the strings, and that others are therefore threatened by it — have painfully practical manifestations. The link between hate and violence is playing out in everyday America.
“For those of us who were paying attention to what the insurrectionists on Jan. 6th were wearing and saying, we could see this overlap between extreme white nationalism and Holocaust denial,” Patt said. “[It’s] the same thing that we could see at the Unite the Right rally in Charlottesville in August of 2017, the sort of chanting of ‘Jews will not replace us.’”
The key to addressing the problem? Patt says it’s education.
“Listening to one another, hearing about one another and knowing when it is time for us to speak out against all forms of hate speech when we encounter it,” he said.
And Black says that, if the design of antisemitism and white supremacy are to divide communities, then it’s up to people who it seeks to marginalize to come together.
“So one of the most important things we can do is seek to be in relationship, in partnership with each other,” she said.
Learn more
Cutline, Antisemitism Rising: Bearing Witness Then and Now
July 28 at 8 p.m. on CPTV
For decades, the Holocaust remembrance movement has called on the world to “never forget.” But recent surveys find many Americans – especially younger generations – lack basic knowledge of the Holocaust. On “Cutline, Antisemitism Rising: Bearing Witness Then and Now,” hear the personal stories of survivors living in Connecticut. Explore Holocaust education’s changing context and how antisemitism animates extremism today. And learn about an ongoing archaeological expedition that has unearthed relics from a Nazi extermination camp in Poland. | https://www.nepm.org/2022-07-26/a-look-at-rising-antisemitism-in-connecticut-and-nationwide | 2022-07-26T21:09:20Z | https://www.nepm.org/2022-07-26/a-look-at-rising-antisemitism-in-connecticut-and-nationwide | false |
SAN JOSE, Calif., July 26, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal fourth quarter and fiscal year 2022 financial results on Tuesday, August 16, 2022, before the market opens.
Lumentum will hold a conference call the same day at 5:30 a.m. PT/8:30 a.m. ET. A live webcast of the call and the replay will be available in the Investors section of the Lumentum website at http://investor.lumentum.com.
To participate via telephone:
US: (844) 200-6205
International: (929) 526-1599
Access Code: 824091
The Company recommends participants dial in at least 10 minutes before the scheduled start to minimize potential delays in joining the call.
Lumentum also encourages those who plan to dial into the conference call to pre-register: pre-registration link. Callers who pre-register will be given a unique dial-in number and PIN via email to gain immediate access to the call.
To listen to a replay via telephone:
Dial-In: (866) 813-9403 or (929) 458-6194
Access Code: 159915
Start Date: August 16, 2022, 8:30 a.m. PT
End Date: August 23, 2022, 9 p.m. PT
The earnings press release will be posted at http://investor.lumentum.com under the "Financial News Releases" section. Additional materials supporting the conference call and earnings release will be posted under the "Events and Presentations" section.
About Lumentum
Lumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide. Lumentum optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in San Jose, California with R&D, manufacturing, and sales offices worldwide. For more information, visit www.lumentum.com and follow Lumentum on LinkedIn, Twitter, Facebook, Instagram, and YouTube.
Category: Financial
View original content:
SOURCE Lumentum | https://www.kait8.com/prnewswire/2022/07/26/lumentum-announce-fiscal-fourth-quarter-fiscal-year-2022-financial-results-august-16-2022/ | 2022-07-26T21:12:27Z | https://www.kait8.com/prnewswire/2022/07/26/lumentum-announce-fiscal-fourth-quarter-fiscal-year-2022-financial-results-august-16-2022/ | false |
Additional energy service opportunities to help more customers switch to solar power
SAINT PAUL, Minn., July 26, 2022 /PRNewswire/ -- All Energy Solar, a solar installation leader, has signed on to become a new dealer for Sunnova Energy International Inc. ("Sunnova"), a leading U.S. residential energy service provider. The energy services offered by Sunnova will provide new options for All Energy Solar customers who want to make the switch to solar energy.
"Beyond purchasing outright, there are a variety of ways to pay for solar energy, including credits, rebates, and loans. Traditional financing through a loan that results in the customer owning the system once it's paid off is typical, but that model doesn't fit the needs of every situation," said Michael Allen, co-founder and chief executive officer for All Energy Solar. "There are times when a solar lease is the better choice, and that's where Sunnova's flexible energy plans differ."
Solar leases are fairly similar to car leases in that they are a form of third-party ownership. Under a solar lease, a third party owns the solar panels on a property and the customer gets the benefit of all of the electricity produced by the system at a predetermined monthly rate. Under the right circumstances, solar leases can be an attractive option, often offering little to no money down, lower electricity costs, pre-determined monthly bills that don't fluctuate, and maintenance and repairs are Sunnova's responsibility, not the customer's.
"In partnership with Sunnova, we work with the customer to design the system and perform the installation. After the installation, the customer has a monthly Sunnova energy bill and Sunnova safeguards the customer's home solar investment with worry-free, hassle-free maintenance, monitoring, and repairs for 25 years to help ensure the system performs to its maximum potential," said Ryan Buege, Vice President of Marketing and Sales at All Energy Solar. "We still encourage customers to consider cash or loans if that makes the most sense for them, but third-party ownership is a great option for a unique segment of buyers. This has been available to businesses in the past, and now is the first time we'll be offering it to our residential customers."
With utility rates rising significantly across the country, switching to solar energy can help consumers protect themselves from unpredictable utility prices and take control of energy costs. For more information about All Energy Solar service areas, please visit: https://www.allenergysolar.com/where-we-are/
All Energy Solar provides a full-service solar energy integration experience for residential, commercial, agricultural, and government customers looking to make the transition to solar energy. With industry-leading certifications and full electrical and building licenses, All Energy Solar installs quality solar power systems at competitive prices and monitors and maintains the systems after installation. To learn more, visit www.allenergysolar.com.
View original content to download multimedia:
SOURCE All Energy Solar, Inc | https://www.wibw.com/prnewswire/2022/07/26/all-energy-solar-joins-sunnovas-dealer-network-bring-new-energy-services-customers/ | 2022-07-26T21:14:29Z | https://www.wibw.com/prnewswire/2022/07/26/all-energy-solar-joins-sunnovas-dealer-network-bring-new-energy-services-customers/ | true |
WATCH: City of Camden holds second meeting over recent electric rate increases
COLUMBIA, S.C. (WIS) - For the second time this summer residents in Camden are speaking about recent electric rate increases in the city.
Residents in the city spoke to the city government after recent increases have seen spikes on their bills.
The city posted online that over the last year energy service costs have risen 12% for electricity and roughly 30% for natural gas. From July 2021 to June 2022 the city reported the cost to purchase power increased by 35%.
On July 1, 2022 bills began seeing a Fuel Adjustment Surcharge. The city said it is an additional 5 cents per kilowatt hour. The city said it is a direct cost the city incurs while buying wholesale power and can change based on the market.
Residents spoke at the 4 p.m. meeting and brought stories of bills that have gone up. The increase for some has seen hundreds of dollars added to their monthly bill.
Copyright 2022 WIS. All rights reserved.
Notice a spelling or grammar error in this article? Click or tap here to report it. Please include the article’s headline. | https://www.wistv.com/2022/07/26/watch-city-camden-holds-second-meeting-over-recent-electric-rate-increases/ | 2022-07-26T21:15:19Z | https://www.wistv.com/2022/07/26/watch-city-camden-holds-second-meeting-over-recent-electric-rate-increases/ | false |
AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update
Published: Jul. 26, 2022 at 3:06 PM CDT|Updated: 1 hour ago
NEW YORK, July 26, 2022 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of June 30, 2022.
View original content:
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
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.wbay.com/prnewswire/2022/07/26/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update/ | 2022-07-26T21:15:26Z | https://www.wbay.com/prnewswire/2022/07/26/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update/ | true |
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.”
___
“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.
___
“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.wdtn.com/news/u-s-world/ap-international/tribal-leaders-members-react-to-popes-apology-on-schools/ | 2022-07-26T21:15:57Z | https://www.wdtn.com/news/u-s-world/ap-international/tribal-leaders-members-react-to-popes-apology-on-schools/ | false |
VIRAL VIDEO: Texas wind turbine catches fire after lightning strike
Published: Jul. 26, 2022 at 4:18 PM EDT|Updated: 57 minutes ago
CROWELL, Texas (CNN) - The blade of a wind turbine caught fire last week in Texas after it was struck by lightning.
Brent Havins, a field engineer, was working nearby and caught video of the flames on the turbine moments after the strike.
The video showed rings of smoke coming from the blade with each turn after the lightning strike.
Officials reported no injuries in the incident and their investigation remains ongoing.
Copyright 2022 via CNN Newsource. All rights reserved. | https://www.cleveland19.com/2022/07/26/viral-video-texas-wind-turbine-catches-fire-after-lightning-strike/ | 2022-07-26T21:16:03Z | https://www.cleveland19.com/2022/07/26/viral-video-texas-wind-turbine-catches-fire-after-lightning-strike/ | false |
www.adaptfa.com
https://www.linkedin.com/in/jennifer-johnson-mba-sphr/
OKLAHOMA CITY, July 26, 2022 /PRNewswire/ -- Adaptation Financial welcomed Jennifer Johnson onto the team Monday, July 25th, 2022.
Johnson will be working in the Adaptation headquarters based in Oklahoma City, Oklahoma and, is launching her journey by joining CEO and Founder, Alan Niemann on a trip to the Ohio branch for her first week.
Johnson is bringing over 15 years of professional experience spanning across operations management, human resources, accounting, and process improvement implementations.
Johnson's background in human resources and as an accounting professional have provided her with an innate understanding of the business at its core to identify areas for improvement and how to position talent where they can be most effective.
To elevate her qualifications, Johnson earned her MBA and the Senior Professional Human Resources (SPHR) certification.
Johnson prides herself in her core strengths being revealing potential opportunities, overcoming challenges, and understanding the needs of the people attached to the brand. Success at the business level has followed Jennifer through her instinct for what influences, drives, and inspires others. This success is displayed through streamlined processes, controlled costs, improved retention rates, positive company-wide morale, and long-term growth.
Johnson maintains a singular truth – this is her professional passion revolving around engagement - whether it be with employees, clients, cross-departmental partners, or the community. Her first day proves this truth through her willingness to go straight to work and beginning journey with us at our Ohio branch.
Adaptation Financial, Inc is a Hybrid Independent Registered Investment Advisory firm with over $750MM of client assets under management. The firm currently has 6 office locations across 3 states and caters to individual investors. Securities are offered through Registered Representatives of Cambridge Investment Research Inc., a broker-dealer, member FINRA/SIPC. Advisory services are through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Financial planning services are through Adaptation Financial Advisors, Inc., a Registered Investment Advisor. Cambridge and Adaptation Financial Advisors are not affiliated.
Visit www.adaptfa.com or call 800-522-8727 to connect with an advisor in your area.
View original content:
SOURCE Adaptation Financial Advisors | https://www.wbtv.com/prnewswire/2022/07/26/adaptation-financial-advisors-inc-announces-addition-director-operations/ | 2022-07-26T21:16:16Z | https://www.wbtv.com/prnewswire/2022/07/26/adaptation-financial-advisors-inc-announces-addition-director-operations/ | true |
NEW YORK, July 26, 2022 /PRNewswire/ -- The AllianceBernstein Closed-End Funds declared the following distributions today:
View original content:
SOURCE AllianceBernstein Closed-End Funds
NEW YORK, July 26, 2022 /PRNewswire/ -- The AllianceBernstein Closed-End Funds declared the following distributions today:
View original content:
SOURCE AllianceBernstein Closed-End Funds
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.wbtv.com/prnewswire/2022/07/26/alliancebernstein-closed-end-funds-announce-distribution-rates/ | 2022-07-26T21:16:23Z | https://www.wbtv.com/prnewswire/2022/07/26/alliancebernstein-closed-end-funds-announce-distribution-rates/ | true |
DALLAS, July 26, 2022 /PRNewswire/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) declared a quarterly cash dividend for common stock of 68 cents ($0.68) per share. The dividend is payable Oct. 1, 2022, to common stock shareholders of record at the close of business on Sept. 15, 2022.
The Board also declared a dividend of $1,406.25 per share (equivalent to $14.0625 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of Comerica Incorporated, payable Oct. 1, 2022, to preferred stock shareholders of record at the close of business on Sept. 15, 2022.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $86.9 billion as of June 30, 2022.
View original content to download multimedia:
SOURCE Comerica Incorporated | https://www.wistv.com/prnewswire/2022/07/26/comerica-declares-common-preferred-stock-dividends/ | 2022-07-26T21:17:23Z | https://www.wistv.com/prnewswire/2022/07/26/comerica-declares-common-preferred-stock-dividends/ | false |
NEW YORK (AP) — Long dreamed about and in development for longer than the big league career of the man it honors, the Jackie Robinson Museum opened Tuesday in Manhattan with a gala ceremony attended by the widow of the barrier-breaking ballplayer and two of his children.
Rachel Robinson, who turned 100 on July 19, watched the half-hour outdoor celebration from a wheelchair in the 80-degree Fahrenheit (27-degree Celsius) heat, then cut a ribbon to cap a project launched in 2008.
Her 72-year-old daughter, Sharon, also looked on from a wheelchair and 70-year-old son David spoke to the crowd of about 200 sitting on folding chairs arrayed in a closed-off section of Varick Street, a major thoroughfare where the 19,380-square-foot museum is located. It opens to the public on Sept. 5
“The issues in baseball, the issues that Jackie Robinson challenged in 1947, they’re still with us,” David Robinson said. “The signs of white only have been taken down, but the complexity of equal opportunity still exists.”
Rachel Robinson announced the museum on April 15, 2008, the 61st anniversary of Jackie breaking the big league color barrier with the Brooklyn Dodgers at Ebbets Field. Robinson became NL Rookie of the Year, the 1949 NL batting champion and MVP, a seven-time All-Star and a World Series champion in 1955. He hit .313 with 141 homers and 200 stolen bases in 11 seasons and was elected to the Hall of Fame in 1962.
Robinson, who died in 1972, had an impact beyond baseball, galvanizing a significant slice of American public opinion and boosting the civil rights movement.
“There’s nowhere on the globe where dream is attached to our name — or our country’s name,” New York City Mayor Eric Adams said. “There’s not a German dream. There’s not a French dream. There’s not a Polish dream. Darn it, there’s an American dream. And this man and wife took that dream and forced America and baseball to say you’re not going to be a dream on a piece of paper, you’re going to be a dream in life. We are greater because of No. 42 and because he had amazing wife that understood that dream and vision.”
A gala dinner was held Monday night to preview the museum, which contains 350 artifacts, including playing equipment and items such as Robinson’s 1946 minor league contract for $600 a month and his 1947 rookie contract for a $5,000 salary. The museum also holds a collection of 40,000 images and 450 hours of footage.
A 15-piece band played at the ceremony, attended by former pitcher CC Sabathia, former NL president Len Coleman and former Mets owner Fred Wilpon, along with players’ association head Tony Clark and Hall of Fame president Josh Rawitch.
“Without him, there would be no me,” Sabathia said. “I wouldn’t have been able to live out my dream of playing Major League Baseball.”
Yankees general manager Brian Cashman, director Spike Lee (wearing a Brooklyn Dodgers cap) and former tennis star Billie Jean King also were on hand.
“It seems like we’re more divided than ever,” King said. “People like Jackie Robinson was a great reminder every single morning, every single evening that we have to do the right thing every day.”
Original projections had a 2010 opening and $25 million cost. The Great Recession caused a delay.
Ground finally was broken on April 27, 2017, when the Jackie Robinson Foundation said it had raised $23.5 million of a planned $42 million and the museum was intended to open in 2019. The pandemic caused more delays, and the total raised has risen to $38 million, of which $2.6 million was contributed by New York City.
Tickets will cost $18 for adults and $15 for students, seniors and children. The second floor includes an education center, part of a plan envisioned by Rachel Robinson.
“She wanted a fixed tribute to her husband, where people could come and learn about him, but also be inspired,” said foundation president Della Britton, who headed the project. “We want to be that place, as young people now say, a safe space, where people will talk about race and not worry about the initial backlash that happens when you say something on social media.”
David Robinson said his father would have been proud.
“He was a man who used the word ‘we,’” David said. “I think today Jackie Robinson would say I accept this honor, but I accept this honor on behalf of something far beyond my individual self, far beyond my family, far beyond even my race. Jackie Robinson would say don’t think of you standing on my shoulders, I think of myself as standing on the shoulders of my mother, who was a sharecropper in Georgia, my grandmother, who was born a slave.” | https://www.myarklamiss.com/news/national-news/jackie-robinson-museum-opens-after-14-years-of-planning/ | 2022-07-26T21:17:52Z | https://www.myarklamiss.com/news/national-news/jackie-robinson-museum-opens-after-14-years-of-planning/ | true |
CLARK COUNTY, Ind. (WXIN) – Eight more women have filed a civil rights lawsuit against an Indiana sheriff, a former jailer and other unknown jail officers.
The women claim the former Clark County jail officer, David Lowe, sold his jail key to male inmates for $1,000, giving them access to a female holding area where the women were raped, assaulted and harassed.
The incident happened on Oct. 23 and Oct. 24 in 2021. A civil lawsuit was also filed in the case last month on behalf of 20 women. Lowe faces criminal charges of trafficking with an inmate, aiding escape and official misconduct. His trial is scheduled for Nov. 1, 2022.
According to court documents, Lowe was on duty on Oct. 23 when he gave male inmates access to the women’s housing pod. They spent several hours inside and didn’t leave until the morning of Oct. 24.
Throughout the entire ordeal, no jail officers came to the women’s aid, according to the lawsuit. The women claimed they were groped, fondled, harassed and intimidated by the inmates. At least two women were allegedly raped.
The men, who covered their heads with towels to hide their identities from surveillance cameras, threatened the women with harm if they yelled for help or used the emergency call button, according to court documents.
After it happened, the women had their dark (lights out) privileges revoked; jail officers left their lights on for 72 straight hours, according to the lawsuit.
The women were also placed on lockdown and restricted to their pods. The lawsuit alleged that jail officers confiscated their property, including blankets, pillows and personal hygiene items.
The lawsuit filed this week accused Lowe of giving inmates access to the women and being “deliberately indifferent” to the “substantial risk” they faced.
Other jail officers, the lawsuit said, failed in their duty to protect female inmates and never intervened to stop the male inmates.
Clark County Sheriff Jamey Noel is also named in the suit. He’s accused of poor oversight and inadequate supervision. The lawsuit accused him of hiring jail officers without adequately training them.
“These systemic failures allowed numerous male assailants to have free run of the jail for several hours, resulting in a night of terror for the Plaintiffs and other victims,” attorneys for the women said.
The women were subjected to significant physical and mental injuries, their attorneys said. The lawsuit seeks a jury trial as well as punitive and compensatory damages. | https://www.wdtn.com/news/night-of-terror-women-raped-groped-after-indiana-jailer-sold-access-to-their-housing-for-1000-lawsuits-claim/ | 2022-07-26T21:18:25Z | https://www.wdtn.com/news/night-of-terror-women-raped-groped-after-indiana-jailer-sold-access-to-their-housing-for-1000-lawsuits-claim/ | true |
NILES, N.Y. (WSYR-TV) — After nearly a year of construction, Carpenter Falls Unique Area has reopened to the public.
Carpenter Falls Unique Area closed in September 2021 to improve public access to the 37-acre property. The falls were originally a tough hike with some rough trails, but the upgrades have made the natural wonder more accessible than ever before. The $1.27 million project created a new parking lot, bicycle rack, toilets, and a new elevated boardwalk and observation area. A new path with stone steps was also developed.
You can see some of the improvements in the slideshow below.
“DEC designed the new features and upgrades unveiled today to help increase safety, reduce long-term environmental impacts to the area, and protect water quality in Skaneateles Lake, a popular recreation destination and drinking water source, and we look forward to continuing to work with our partners to build upon this progress throughout the region,” said NYS DEC Commissioner Basil Seggos.
The DEC says that the new boardwalk and stone steps will help protect sensitive soil and vegetation from the harmful impacts of erosion that can sometimes be caused by pedestrian traffic on the steep slopes. The boardwalk is also accessible to people with mobility impairments, allowing those with handicaps to venture closer and safer than ever before.
Carpenter Falls Unique Area was imparted to the DEC by the Finger Lakes Land Trust in 2008. You can watch drone footage of the property on the NYS DEC website. | https://www.localsyr.com/news/local-news/check-out-the-1-2-million-upgrades-at-carpenter-falls-unique-area-in-skaneateles/ | 2022-07-26T21:18:39Z | https://www.localsyr.com/news/local-news/check-out-the-1-2-million-upgrades-at-carpenter-falls-unique-area-in-skaneateles/ | false |
REDMOND, Wash., July 26, 2022 /PRNewswire/ -- Microsoft Corp. on Tuesday announced that fiscal year 2022 fourth-quarter financial results are available on its Investor Relations website. The direct link to the earnings press release is https://www.microsoft.com/en-us/Investor/earnings/FY-2022-Q4/press-release-webcast.
As previously announced, the company will host a conference call at 2:30 p.m. Pacific Time. A live webcast of the call can be accessed on Microsoft's Investor Relations website at https://www.microsoft.com/en-us/Investor/.
Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
View original content to download multimedia:
SOURCE Microsoft Corp. | https://www.wibw.com/prnewswire/2022/07/26/microsoft-earnings-press-release-available-investor-relations-website/ | 2022-07-26T21:18:55Z | https://www.wibw.com/prnewswire/2022/07/26/microsoft-earnings-press-release-available-investor-relations-website/ | false |
FRANKLIN LAKES, N.J., July 26, 2022 /PRNewswire/ -- The Board of Directors of BD (Becton, Dickinson and Company) (NYSE: BDX) has declared a quarterly dividend of $0.87 per common share, payable on September 30, 2022 to holders of record on September 9, 2022. The indicated annual dividend rate is $3.48 per share.
About BD
BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its 75,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians' care delivery process, enable laboratory scientists to accurately detect disease and advance researchers' capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care. For more information on BD, please visit bd.com or connect with us on LinkedIn at www.linkedin.com/company/bd1/ and Twitter @BDandCo.
View original content to download multimedia:
SOURCE BD (Becton, Dickinson and Company) | https://www.kxii.com/prnewswire/2022/07/26/bd-board-declares-dividend/ | 2022-07-26T21:20:47Z | https://www.kxii.com/prnewswire/2022/07/26/bd-board-declares-dividend/ | false |
Here & Now‘s Scott Tong speaks with Yasmeen Abutaleb, a national reporter covering health policy for The Washington Post, about some key legislation going through Congress right now that could help turn the tide for Democrats in November.
This article was originally published on WBUR.org.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.wbaa.org/2022-07-26/democrats-are-on-the-verge-of-winning-big-in-congress | 2022-07-26T21:20:53Z | https://www.wbaa.org/2022-07-26/democrats-are-on-the-verge-of-winning-big-in-congress | false |
OKLAHOMA CITY, July 26, 2022 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release fiscal third quarter 2022 financial and operating results on August 10, 2022 after the U.S. financial markets close.
In connection with the earnings release, Riley Permian management will host a conference call for investors and analysts on August 11, 2022 at 10:00 a.m. CT to discuss the Company's results and to host a Q&A session. Interested parties are invited to participate by calling:
- Toll Free Dial-In, 1 (888) 330-2214
- Toll Dial-In, 1 (646) 960-0161
- Conference ID number 5405646
An updated company presentation, which will include certain items to be discussed on the call, will be posted prior to the call on the Company's website (www.rileypermian.com).
A replay of the call will be available until August 25, 2022 by calling:
- Toll Free Dial-In, 1 (800) 770-2030
- Toll Dial-In, 1 (647) 362-9199
- Conference ID number 5405646
About Riley Exploration Permian, Inc.
Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com.
Investor Contact:
Rick D' Angelo
405-438-0126
IR@rileypermian.com
View original content to download multimedia:
SOURCE Riley Exploration Permian, Inc. | https://www.wistv.com/prnewswire/2022/07/26/riley-permian-schedules-fiscal-third-quarter-2022-earnings-release-conference-call/ | 2022-07-26T21:21:44Z | https://www.wistv.com/prnewswire/2022/07/26/riley-permian-schedules-fiscal-third-quarter-2022-earnings-release-conference-call/ | false |
SACRAMENTO (AP) _ The winning numbers in Tuesday afternoon's drawing of the California Lottery's "Daily 3 Midday" game were:
1-2-2
(one, two, two)
SACRAMENTO (AP) _ The winning numbers in Tuesday afternoon's drawing of the California Lottery's "Daily 3 Midday" game were:
1-2-2
(one, two, two) | https://www.sheltonherald.com/lottery/article/Winning-numbers-drawn-in-Daily-3-Midday-game-17330478.php | 2022-07-26T21:22:41Z | https://www.sheltonherald.com/lottery/article/Winning-numbers-drawn-in-Daily-3-Midday-game-17330478.php | true |
GREEN BAY, Wisc. (WGBA) — The Green Bay Police Department has initiated a review of an incident between a police officer and Packers running back AJ Dillon after the altercation was caught on camera.
During a rain delay at the Manchester City vs. Bayern Munich soccer match held at Lambeau Field, Dillon was trying to entertain the crowd by attempting a "Lambeau Leap."
An officer then tried to stop Dillon by pulling on his jersey. The moment was captured by an attendee and posted to TikTok.
Green Bay Police Department said in a statement, that the incident was a clear miscommunication between the officer and Mr. Dillon.
Dillon also tweeted about the incident, agreeing that it was just a form of miscommunication.
Just miscommunication between parties, the @GBPolice are great people and I’m glad we have them down there for our games to keep us safe. Standing there in the pouring rain with all those people it’s hard to know what’s going on with just one. All good 🤝🫶🏽 https://t.co/xCKPhoJlWK
— AJ “Quadzilla” Dillon (@ajdillon7) July 24, 2022
This story was originally reported on nbc26.com. | https://www.kbzk.com/news/national/green-bay-police-reviewing-incident-involving-officer-packers-running-back | 2022-07-26T21:23:42Z | https://www.kbzk.com/news/national/green-bay-police-reviewing-incident-involving-officer-packers-running-back | false |
PLANO, Texas, July 26, 2022 /PRNewswire/ -- SomnoMed Limited (ASX "SOM", or the Company), a leading company in the provision of oral appliance treatment solutions for sleep-related breathing disorders and obstructive sleep apnea ('OSA'), is pleased to provide its quarterly activities report for the period ended 30 June 2022 (Q4 FY22).
Highlights
- Record quarterly revenue of $21.3 million for Q4 FY22, +32% (+32% in constant currency) versus the previous corresponding period (pcp). On an underlying basis, when excluding the Q4 FY21 COVID-19 related HIC1 allowance, Q4 FY22 revenue was up +36% (+37% in constant currency) versus pcp
- Full year unaudited revenue of $72.6 million, up +16% (+17% in constant currency) versus pcp and above guidance of +15% growth for FY22. On an underlying basis, when excluding the COVID-19 related HIC1 allowance, FY22 revenue was up +19% (+20% in constant currency) versus pcp
- FY22 guidance of breakeven EBITDA2 remains
- The record quarter reflects the impact of successful sales and marketing initiatives in all regions, with business conditions improving and the overall trend of patient activity and engagement with their medical clinician normalizing post COVID-19
- Total patients treated worldwide now exceeds 715,000
- Development of Rest Assure®, the Company's first ever in-built technology-enabled oral appliance progressed during the quarter, with the second patient validation study now complete
- SomnoMed had available cash of $15.6 million as at 30 June 2022
- Subsequent to 30 June 2022, SomnoMed secured new debt funding of $16 million (net $11m after repaying HSBC), which delivers sufficient capital to support the ongoing growth within the core business and to complete the development of the new technology, Rest Assure®
Commenting on the results, SomnoMed's Managing Director, Mr. Neil Verdal-Austin said: "I am exceptionally pleased that the Company has met our FY22 revenue guidance and immensely proud that we delivered a record $21.3 million of revenue in the June quarter."
"The improving sales levels SomnoMed is experiencing have been driven by a combination of the strong underlying business activity levels across our key markets and the results of the deliberate investments we made through 2021 to expand our sales and marketing teams to focus on delivering a quality treatment solution for patients with mild to moderate OSA. The sales momentum we have achieved over recent quarters continues to demonstrate the sound fundamentals of the core business and the large growth opportunity for oral appliance solutions in the treatment of obstructive sleep apnea, globally."
"These results validate our strategy and confirm, once again, that the exceptional 'first time fit' quality and durability of our product range is superior within the marketplace and preferred by clinicians and patients world-wide."
"Our recent attendance at a range of sleep conferences across Europe and the USA have highlighted the growing demand from patients, sleep physicians and other providers, for new technologies that provide an alternative to CPAP where the ongoing, low compliance rates are just not acceptable anymore."
"We are also acutely aware of the current global economic environment and the impact of supply chain issues, rising inflation and interest rates on costs. SomnoMed continues to proactively drive a range of initiatives to secure our supply chain and ensure we limit any negative impact on our own cost structures, so that we protect margins and cash flow."
"The development of SomnoMed's Rest Assure® technology has progressed during the quarter, with our second patient validation study now complete. We anticipate that, once launched and over time, the data collected by Rest Assure® will demonstrate and establish the true clinical effectiveness of Continuous Open Airway Therapy™ (COAT™), driving prescriptions, increased reimbursement and ultimately greater OSA therapy market share."
"As we move into FY23 we have strong revenue momentum, an increasing rate of patient engagement, a passionate and energized global team, a strengthened balance sheet and an exciting technology development in Rest Assure®, which all leave the Company poised to deliver solid growth in the year ahead. I look forward to providing more formal FY23 guidance with our FY22 financial results release in August."
Financial Review
Quarterly revenue of $21.3 million for Q4 FY22, +32% (+32% in constant currency) versus pcp represents the highest quarterly revenue the Company has ever recorded. This reflects the sales success of both AVANT™ and Herbst Advance Elite™ and the investment the Company has made into sales teams and business development channels in all regions, allowing the Company to penetrate the sector more deeply and drive growth.
The revenue growth posted in both North America and Europe continued, with the momentum seen in those regions during the year driven by the continued normalization of the impacts of COVID-19 on the healthcare market.
Full year unaudited revenue of $72.6 million, up +16% (+17% in constant currency) versus pcp and above guidance for FY22. EBITDA2 guidance remains at breakeven for FY22 and will be detailed in the upcoming FY22 financial results release in August.
Cashflow from operations was a positive $3.3 million for the quarter (positive $1.8 million for FY22), due to the strong sales momentum seen in both Q3 and Q4, as well as effective cash management and collections to year end.
Investment in R&D continues with total cash expenditure during the quarter of $1.5 million specifically related to our technology investment. The FY22 technology investment has been approximately $7.8 million, primarily associated with the development of Rest Assure® and under the guidance provided of $8 million. The investment in Rest Assure® and our other growth initiatives is supported by our balance sheet position and positive cash generation in Q4 FY22.
Subsequent to June 2022, SomnoMed secured new debt funding of $16 million (net $11m after repaying HSBC), which delivers sufficient capital to support the ongoing growth within the core business and to complete the development of the new technology, Rest Assure®.
Operational Review
Business conditions continued to improve across SomnoMed's key regions of North America, Europe and Asia Pacific as the impacts of COVID-19 on the medical sector and broader dental community continued to reduce.
SomnoMed's position in the oral appliance sector within the OSA market remains strong, with the potential to further increase the addressable market by providing an alternative to the traditional default CPAP recommendation by most sleep physicians. The Company continues to experience positive engagement within the medical sector, which is driving further acceptance of COAT™.
North America
The North America market experienced another positive quarter with a +42% (+33% in constant currency) revenue increase versus pcp. This is driven by increased investment in sales and marketing efforts in the region driving greater demand for the product range, especially for the AVANT™ and Herbst Advance Elite™. Direct and targeted marketing campaigns focused on the Company's proprietary B-Flex comfort liner continue to be successful, highlighting the importance of this material that provides both superior comfort and retention.
Europe
Revenue for the quarter was $12.6 million, up +37% (+43% in constant currency) versus pcp. Patient demand for the Company's COAT™ technology remains strong across core countries within Europe driven by strong positive reimbursement trends and a growing acceptance of the benefits of COAT™ technology for mild and moderate OSA patients.
Sales volume growth for the quarter in each of the 7 main European countries in which we trade were over +20% versus volumes in the prior corresponding quarter, reflecting deeper penetration into both core and new markets where SomnoMed has been the leading COAT™ treatment solution for some time.
Asia Pacific
Asia Pacific quarterly revenues were up +8% (+8% in constant currency) versus pcp. After the extended impact of COVID-19 on revenues in the first half, recovery in the second half was strong. SomnoMed continued with its clinical education program and the investment in new sales and marketing resources to advance the adoption of oral appliances within the medical sector.
Rest Assure®
SomnoMed introduced Rest Assure®, its first ever in-built technology-enabled oral appliance, in February 2022 with the aim of addressing the lack of overnight monitoring and objective data in COAT™, which has been a major barrier to prescription and reimbursement rates to date.
Although the Rest Assure® hardware and software is in prototype stage, the design is now complete, and a vendor is manufacturing the docking station and sensor components. The second patient validation study has also been completed. These study results are currently being analyzed and will be submitted for publication in a scientific sleep journal later this calendar year to confirm the algorithms needed to objectively measure efficacy and compliance to ensure long term therapy effectiveness. Patient feedback was also collected during this study, with 29/30 patients able to connect their device to the patient App and dock their device using simple written instructions only, showing the Rest Assure® system is easy to use. All patients in the study expressed a desire to continue COAT™ therapy with Rest Assure® when the device is launched.
The Rest Assure® project remains on schedule, with SomnoMed's focus now on the preparation of documentation required for regulatory submissions to the FDA (USA), TGA (Australia) and for CE marking (Europe). Rest Assure® will be commercialized once these approvals are received.
The Company attended the American Academy of Sleep Medicine (AASM) 'SLEEP 2022' conference in Charlotte USA during the quarter. AASM SLEEP 2022 is a leading conference for sleep physicians, sleep medical prescribers and researchers in North America focusing on all aspects of sleep, sleep disorders, screening, pharmaceuticals, technology platforms, tele-medicine, diagnostics, and treatment. The conference with approximately 3,500 delegates allowed the Company to showcase its best-in-class oral appliance treatment solution while also engaging in a range of collaborative interactions and meetings with various industry players. The feedback on the Rest Assure® technology was overwhelmingly positive.
This release has been approved by the Board of SomnoMed Limited.
For further information please contact
About SomnoMed
SomnoMed is a public company providing treatment solutions for sleep-related breathing disorders including obstructive sleep apnea, snoring and bruxism. SomnoMed was commercialised on the basis of extensive clinical research. Supporting independent clinical research, continuous innovation and instituting medical manufacturing standards has resulted in SomnoDent® becoming the state-of-the-art and clinically proven medical oral appliance therapy for more than 715,000 patients in 28 countries. For additional information, visit SomnoMed at http://www.somnomed.com.au
View original content to download multimedia:
SOURCE SomnoMed | https://www.wsaz.com/prnewswire/2022/07/26/somnomed-posts-record-q4-delivers-fy22-revenue-guidance/ | 2022-07-26T21:23:56Z | https://www.wsaz.com/prnewswire/2022/07/26/somnomed-posts-record-q4-delivers-fy22-revenue-guidance/ | true |
CHARLESTON, S.C., July 26, 2022 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced that Deneen DeFiore, vice president and global chief information security officer for United Airlines, has joined its board of directors.
DeFiore brings more than 20 years of experience in technology and cybersecurity. Prior to her role at United Airlines, DeFiore served as senior vice president, global chief information and product security officer at GE Aviation.
"We're delighted to welcome Deneen to the Blackbaud board of directors," said Andrew M. Leitch, chairman of the Blackbaud board. "She brings invaluable experience in cybersecurity as well as a strong track record of executive leadership, and she will be a great asset to the board."
"Cybersecurity is a top priority for our company as we continue to grow and invest in our program, and we look forward to having Deneen's expertise as we navigate this area," said Mike Gianoni, president and CEO, Blackbaud. "In addition, Deneen has an extensive background in helping corporations grow, working across both the private and public sector, and innovating cutting-edge technology solutions. We're thrilled to welcome her."
During her 19-year tenure at General Electric, DeFiore held various leadership positions across GE Corporate, GE Aviation and GE Power. She was instrumental in helping to build cybersecurity capabilities on a corporate level and worked closely with the U.S. Department of Defense, multiple government agencies and policy groups, and became an active voice in the industry to shape policies for defense department implementations. In her current role at United Airlines, DeFiore is responsible for cybersecurity strategy, overseeing and reducing risk and improving cyber resilience. She led the company's COVID-19 technology crisis response efforts and implemented and enabled secure remote workforce capabilities across all business operations.
"I'm looking forward to joining the Blackbaud board as the company continues to provide technology and solutions for the global social good community," said DeFiore. "Blackbaud is well positioned for success, their customers are making a real difference in our world, and I am excited to be a part of it."
In addition to DeFiore, Blackbaud's board of directors includes Andrew M. Leitch (chairman), George H. Ellis, Timothy Chou, Ph.D., Michael (Mike) P. Gianoni, D. Roger Nanney, Sarah E. Nash and Joyce M. Nelson.
Blackbaud (NASDAQ: BLKB) is the world's leading cloud software company powering social good. Serving the entire social good community—nonprofits, higher education institutions, K–12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility (CSR) and environmental, social and governance (ESG), school management, ticketing, grantmaking, financial management, payment processing and analytics. Serving the industry for more than four decades, Blackbaud is a remote-first company headquartered in Charleston, South Carolina, with operations in the United States, Australia, Canada, Costa Rica and the United Kingdom. For more information, visit www.blackbaud.com or follow us on Twitter, LinkedIn, Instagram and Facebook.
Media Inquiries
media@blackbaud.com
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from Blackbaud's investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.
View original content to download multimedia:
SOURCE Blackbaud, Inc. | https://www.weau.com/prnewswire/2022/07/26/deneen-defiore-vice-president-global-chief-information-security-officer-united-airlines-joins-blackbaud-board-directors/ | 2022-07-26T21:25:35Z | https://www.weau.com/prnewswire/2022/07/26/deneen-defiore-vice-president-global-chief-information-security-officer-united-airlines-joins-blackbaud-board-directors/ | false |
SANTA CLARA, Calif., July 26, 2022 /PRNewswire/ -- eHealth, Inc. (NASDAQ: EHTH), a leading private online health insurance marketplace, today announced that the company plans to release second quarter 2022 financial results on August 8, 2022.
The company will hold an earnings conference call beginning at 5:00 p.m. Eastern Time on August 8th to discuss these results. The call will be hosted by eHealth's chief executive officer, Fran Soistman and eHealth's chief financial officer, Christine Janofsky.
Individuals interested in listening to the conference call may do so by dialing (800) 715-9871. The participant passcode is 3075186.
A live webcast of the earnings call will also be available at www.ehealthinsurance.com under the Investor Relations section. The webcast replay will be available on our investor relations website two hours following the conclusion of the call and will be archived for a period of one year. The company suggests participants for both the conference call and those listening via the web dial in or sign on at least 15 minutes in advance of the call.
eHealth, Inc. (NASDAQ: EHTH) operates a leading health insurance marketplace at eHealth.com and eHealthMedicare.com with technology that provides consumers with health insurance enrollment solutions. Since 1997, we have connected more than eight million members with quality, affordable health insurance, Medicare options, and ancillary plans. Our proprietary marketplace offers Medicare Advantage, Medicare Supplement, Medicare Part D prescription drug, individual, family, small business, and other plans from approximately 200 health insurance carriers across 50 states and the District of Columbia.
View original content to download multimedia:
SOURCE eHealth, Inc. | https://www.weau.com/prnewswire/2022/07/26/ehealth-inc-announce-second-quarter-2022-earnings-results-august-8-500-pm-eastern-time/ | 2022-07-26T21:25:59Z | https://www.weau.com/prnewswire/2022/07/26/ehealth-inc-announce-second-quarter-2022-earnings-results-august-8-500-pm-eastern-time/ | true |
HUMBLE, Texas, July 26, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (Nasdaq: TCBX) (the "Company" or "Third Coast") the bank holding company for Third Coast Bank SSB, today announced the appointments of Bill Bobbora as Executive Vice President and Chief Banking Officer, and Andrew Novarini as Executive Vice President and President of Community Banking, effective immediately.
Bart Caraway, Third Coast's Chairman, President and Chief Executive Officer, said, "We are excited to promote Bill and Andrew to these important positions within our Bank. Their extensive experience and deep industry knowledge will be invaluable in driving our Commercial Banking group. One of the key factors that differentiates Bill and Andrew is their leadership and staff development competencies, which exemplifies the very best attributes of our culture. We believe Third Coast's future holds limitless possibilities and look forward to Bill and Andrew's significant contributions."
About Bill Bobbora
Mr. Bobbora will serve as the Chief Banking Officer with oversight of Third Coast's Commercial Banking platform which includes middle market, corporate banking, and community banking. Community bank markets include Greater Houston, Dallas-Fort Worth, and Austin-San Antonio. With over 30 years of banking experience, his expertise is centered around building middle market corporate banking platforms and supporting the Bank's overall growth strategy. Prior to joining Third Coast, he served as Managing Director at Regions Bank, where he led the Houston, South Texas and Louisiana corporate and investment banking activities. Mr. Bobbora was part of establishing Cadence Bank's middle market banking business where he was responsible for building the chemical and specialty services industry verticals and was also part of the Wachovia corporate banking team. Mr. Bobbora began his career in banking with Texas Commerce Bank (a predecessor to JP Morgan Chase). Bobbora spends his time outside of the bank giving back to students of the Wolff Center for Entrepreneurship and the Commercial Banking program at the University of Houston and as an executive professor and advisory board member to the Bauer Business School and Commercial Banking Advisory Board. Bill is a member of the Advance Team advisory Board of MD Anderson Cancer Center, and a co-founder of a mentoring organization, uwantgame. He is a graduate of the University of Nebraska and received a Master of Business Administration from The University of Texas.
About Andrew Novarini
Andrew Novarini joined Third Coast in 2021 and has been promoted to President of Community Banking to help lead and support our community bankers and community banking products across Greater Houston, Dallas-Fort Worth, and Austin-San Antonio. He has nearly 20 years of banking experience, which were primarily focused on commercial and medical lending across Greater Houston. During his career, Mr. Novarini has been a part of a successful Houston de-novo bank and led the opening and growth of two offices for the Bank of Houston (now known as Independent Financial). Most recently, he served as the Houston Area Chairman for Independent Financial, where he oversaw a successful $3B+ community bank region. Outside of banking, Andrew is actively involved with the HCA Houston Northwest Hospital Board of Directors. He received both his bachelor's degree and Master of Business Administration from Mississippi State University.
About Third Coast Bank SSB
Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank, SSB. Founded in 2008 in Humble, Texas, Third Coast Bank, SSB conducts banking operations through 14 branches and one loan production office encompassing the four largest metropolitan areas in Texas. Please visit www.tcbssb.com for more information.
Media:
Ginger Kimbrell
Vice President, Marketing Manager
Third Coast Bank SSB
gkimbrell@tcbssb.com
972-265-0066
View original content:
SOURCE Third Coast Bancshares | https://www.kxii.com/prnewswire/2022/07/26/third-coast-bank-ssb-promotes-bill-bobbora-andrew-novarini/ | 2022-07-26T21:26:30Z | https://www.kxii.com/prnewswire/2022/07/26/third-coast-bank-ssb-promotes-bill-bobbora-andrew-novarini/ | true |
BEIJING, July 26, 2022 /PRNewswire/ -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce company in China, today announced it received notification from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") that it has regained compliance with the minimum bid price requirement of US$1.00 per share under the Nasdaq Listing Rules (the "Listing Rules").
On July 25, 2022, Nasdaq provided confirmation to the Company that for at least 10 consecutive business days, from July 11 to July 22, 2022, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.
About Glory Star
Since its establishment in 2016, Glory Star has been laser focused on developing an ecosystem for its users that incorporates quality content, e-commerce, social networking, and gaming. The Company continues to integrate its cutting edge blockchain technologies, massive user base from its CHEERS ecosystem, quality content offerings, and its well-established e-commerce platform, and through the right application of 5G, AR, VR and NFT technologies to develop a metaverse boasting a wide range of "online + offline" and "virtual + reality" scenarios. Glory Star's CHEERS Video and e-Mall platforms provide a solid foundation for it to rapidly develop different entertainment and shopping applications for the metaverse. Glory Star also provides a suite of tools for its users to facilitate the development of new content by creators. The Company is remaining at the forefront of disrupting the way new media and e-commerce is operated. For more information, please visit http://ir.gsmg.co/.
Safe Harbor Statement
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company's ability to continue successful development and launch of its metaverse; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors; other factors, risks and uncertainties set forth in documents filed by the Company with the Securities and Exchange Commission (the "SEC") from time to time, including the Company's Annual Report on Form 20-F filed with the SEC on March 8, 2022. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.
Contacts
Glory Star New Media Group Holdings Limited
Yida Ye
Email: yeyida@gsmg.co
View original content:
SOURCE Glory Star New Media Group Holdings Limited | https://www.wagmtv.com/prnewswire/2022/07/26/glory-star-new-media-group-holdings-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement/ | 2022-07-26T21:26:39Z | https://www.wagmtv.com/prnewswire/2022/07/26/glory-star-new-media-group-holdings-limited-regains-compliance-with-nasdaq-minimum-bid-price-requirement/ | true |
SAN FRANCISCO (AP) _ Visa Inc. (V) on Tuesday reported fiscal third-quarter profit of $3.41 billion.
The San Francisco-based company said it had net income of $1.60 per share. Earnings, adjusted for non-recurring costs and investment costs, came to $1.98 per share.
The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The global payments processor posted revenue of $7.28 billion in the period, also surpassing Street forecasts. Thirteen analysts surveyed by Zacks expected $7.06 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on V at https://www.zacks.com/ap/V | https://www.sfgate.com/business/article/Visa-Fiscal-Q3-Earnings-Snapshot-17330454.php | 2022-07-26T21:28:54Z | https://www.sfgate.com/business/article/Visa-Fiscal-Q3-Earnings-Snapshot-17330454.php | false |
Beth Mead and Lucy Bronze each had an assist and a goal as England overcame a nervy start to thrash Sweden 4-0 at Bramall Lane in Sheffield on Tuesday night and advance to the final of the 2022 Women's European Championship.
Sarina Wegman's England side came into the match as favourites in the semifinal against world No. 2 Sweden following a dramatic come-from-behind win over Spain in the quarters, as the Lionesses looked to remain on track to win a first major trophy for their country since the men's team won the 1966 World Cup.
Women's Euros: News & features | Fixtures & results | Tables
Sweden looked dangerous on the counter in the early going, but England were first to score when Mead settled a Bronze cross from the right in the 34th minute, turned and smashed a lovely volley past Hedvig Lindahl to give the Lionesses the lead at half-time.
England started the second half in perfect fashion, with Bronze heading home at Lindahl's far post from Mead's whipped in corner to double the lead after a brief VAR check for offside.
Lauren Hemp nearly put England up three on 57 minutes, but her touch was just off with a close-range shot and the ball popped up and caromed off the crossbar.
Ten minutes later, England found their third from substitute Alessia Russo's clever back-heel that went right between the legs of Sweden keeper Lindahl to secure victory and a spot in the final for third time in the team's history.
And Fran Kirby made it 4-0 before full-time to the delight of the sold-out crowd of 28,624 with a clever chip that Lindahl could only get her fingertips on before it bounced into the back of the net.
England, who have by far the most goals from open play at the tournament with 17, will face the winner of Wednesday's other semifinal between Germany and France (watch live on ESPN2 at 3 p.m. ET). | https://www.espn.com/soccer/report?gameId=621300 | 2022-07-26T21:29:10Z | https://www.espn.com/soccer/report?gameId=621300 | false |
Rossen Reports: This gas rewards program can save you the most money
We’re on track to see the national average gas price keep falling but don’t get too comfortable. The gas market is volatile. Experts say one hurricane or one minor disruption could send those prices skyrocketing back up.
No matter what the price per gallon is, you’re still leaving money on the table every time you go to the gas station. We’re comparing gas loyalty rewards programs to see just how much money they can save you. Spoiler alert: If you’re not a part of a loyalty program, you’re missing out!
Shell: “Shell Fuel Rewards” has a two-tiered system: Silver Status and Gold Status. When you’re Silver Status, you save 3 cents per gallon on gas. Gold Status members save 5 cents per gallon. When you sign up for the free program, you are instantly awarded Gold Status for the first six months of membership.
To maintain it, you need to fill up your tank at least six times during your 3-month qualification period. That's only two times per month. Shell takes it a step further with a ton of coupons and deals in the app. The app offers savings that can be stacked on top of the status, including; 5 cents off per gallon for every $50 you spend shopping online, 10 cents off per gallon for every $50 you spend on live event tickets and 10 cents off per gallon for every $50 you spend on dining at participating restaurants.
BP: The loyalty program is called “BPme Rewards” and it’s available at participating bp and Amoco stations. You get 5 cents off a gallon for the first month. In order to keep that discount going, you have to spend about $100 a month but that’s about two to four fill-ups a month. The app also offers a “price-match” feature. For $12 a year (.99 cents per month), the app will automatically scan the current fuel prices of all gas stations within a 2-mile radius and matches the price of the competitor (up to 5 cents off per gallon). Coupons come in the app over time, too.
Exxon Mobil: This one is called the “Exxon Mobil Rewards+.” This program is a points-based one. After you download the app, you get 3 points per gallon on fuel. When you earn 100 points, you get $1 back in savings at the pump. If you pump more than 100 gallons a month, you’re considered a Frequent Filler and will earn an additional 1 cent per gallon and 2 cents per dollar.
But there are other ways to keep earning points. For example, if you fill your car with at least 8 gallons of gas three times per month, you’ll earn 3 bonus points too. You also get 2 points for every dollar you spend in the gas station, convenience stores and car washes. Members of AARP automatically earn an extra 1 cent per gallon of gas and 1 cent per dollar in the store too. Coupons and savings also pop up in the app from time to time too.
Speedway: This program is called “Speedy Rewards.” This loyalty program is points-based as well. You can earn 10 points for each gallon of fuel you buy. Once you’ve racked up 1,750 points, you’ll receive 10 cents off per gallon during your next fill-up. But you can earn even more points when you shop inside the convenience store. You get 20 points per dollar spent in-store. So the next time you get that cup of coffee, make sure your card is linked to your app so that you get those points.
The apps let you link the credit card you plan to use (or multiple) to make sure every time you buy fuel or something in the store, you get the rewards. Others will have you scan a QR code from your app or will send you a rewards card to scan. Click on each of the links to learn more about the loyalty programs and how they work more specifically. | https://www.wvtm13.com/article/rossen-reports-this-gas-rewards-program-can-save-you-the-most-money/40722046 | 2022-07-26T21:30:09Z | https://www.wvtm13.com/article/rossen-reports-this-gas-rewards-program-can-save-you-the-most-money/40722046 | true |
HUMBLE, Texas, July 26, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (Nasdaq: TCBX) (the "Company" or "Third Coast") the bank holding company for Third Coast Bank SSB, today announced the appointments of Bill Bobbora as Executive Vice President and Chief Banking Officer, and Andrew Novarini as Executive Vice President and President of Community Banking, effective immediately.
Bart Caraway, Third Coast's Chairman, President and Chief Executive Officer, said, "We are excited to promote Bill and Andrew to these important positions within our Bank. Their extensive experience and deep industry knowledge will be invaluable in driving our Commercial Banking group. One of the key factors that differentiates Bill and Andrew is their leadership and staff development competencies, which exemplifies the very best attributes of our culture. We believe Third Coast's future holds limitless possibilities and look forward to Bill and Andrew's significant contributions."
About Bill Bobbora
Mr. Bobbora will serve as the Chief Banking Officer with oversight of Third Coast's Commercial Banking platform which includes middle market, corporate banking, and community banking. Community bank markets include Greater Houston, Dallas-Fort Worth, and Austin-San Antonio. With over 30 years of banking experience, his expertise is centered around building middle market corporate banking platforms and supporting the Bank's overall growth strategy. Prior to joining Third Coast, he served as Managing Director at Regions Bank, where he led the Houston, South Texas and Louisiana corporate and investment banking activities. Mr. Bobbora was part of establishing Cadence Bank's middle market banking business where he was responsible for building the chemical and specialty services industry verticals and was also part of the Wachovia corporate banking team. Mr. Bobbora began his career in banking with Texas Commerce Bank (a predecessor to JP Morgan Chase). Bobbora spends his time outside of the bank giving back to students of the Wolff Center for Entrepreneurship and the Commercial Banking program at the University of Houston and as an executive professor and advisory board member to the Bauer Business School and Commercial Banking Advisory Board. Bill is a member of the Advance Team advisory Board of MD Anderson Cancer Center, and a co-founder of a mentoring organization, uwantgame. He is a graduate of the University of Nebraska and received a Master of Business Administration from The University of Texas.
About Andrew Novarini
Andrew Novarini joined Third Coast in 2021 and has been promoted to President of Community Banking to help lead and support our community bankers and community banking products across Greater Houston, Dallas-Fort Worth, and Austin-San Antonio. He has nearly 20 years of banking experience, which were primarily focused on commercial and medical lending across Greater Houston. During his career, Mr. Novarini has been a part of a successful Houston de-novo bank and led the opening and growth of two offices for the Bank of Houston (now known as Independent Financial). Most recently, he served as the Houston Area Chairman for Independent Financial, where he oversaw a successful $3B+ community bank region. Outside of banking, Andrew is actively involved with the HCA Houston Northwest Hospital Board of Directors. He received both his bachelor's degree and Master of Business Administration from Mississippi State University.
About Third Coast Bank SSB
Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank, SSB. Founded in 2008 in Humble, Texas, Third Coast Bank, SSB conducts banking operations through 14 branches and one loan production office encompassing the four largest metropolitan areas in Texas. Please visit www.tcbssb.com for more information.
Media:
Ginger Kimbrell
Vice President, Marketing Manager
Third Coast Bank SSB
gkimbrell@tcbssb.com
972-265-0066
View original content:
SOURCE Third Coast Bancshares | https://www.weau.com/prnewswire/2022/07/26/third-coast-bank-ssb-promotes-bill-bobbora-andrew-novarini/ | 2022-07-26T21:30:33Z | https://www.weau.com/prnewswire/2022/07/26/third-coast-bank-ssb-promotes-bill-bobbora-andrew-novarini/ | true |
BOISE, Idaho (AP) — More than 800 wildland firefighters and support staff are battling a blaze in east-central Idaho that officials say is threatening homes, an important north-south corridor, energy infrastructure, recreation opportunities and the municipal watershed for the town of Salmon.
The Moose Fire on Tuesday grew to nearly 60 square miles (155 square kilometers) burning grass, timber understory and dead and down material in the Salmon-Challis National Forest. It's only 10% contained.
Firefighters are protecting structures in several areas as well as the U.S. Highway 93 corridor, a major north-south route. Two helicopter pilots fighting the fire died last week when their CH-47D Series “Chinook” crashed in the Salmon River. Plans call for removing the helicopter from the river with a large crane.
The cause of the fire that started July 17 is undetermined. High temperatures and very dry relative humidity are hampering efforts to control the blaze. Smoke has also been a problem.
Firefighting plans call for trying to check the fire along U.S. Highway 93 and do preparation work to protect structures in the fire's path. Firefighters are also worried about long-range spotting where embers can drift far from the fire and start new spot fires. | https://www.sfgate.com/news/article/Wildfire-in-east-central-Idaho-threatening-homes-17330546.php | 2022-07-26T21:32:55Z | https://www.sfgate.com/news/article/Wildfire-in-east-central-Idaho-threatening-homes-17330546.php | false |
BATON ROUGE, La. (AP) _ Business First Bancshares, Inc. (BFST) on Tuesday reported second-quarter earnings of $13.8 million.
The bank, based in Baton Rouge, Louisiana, said it had earnings of 61 cents per share. Earnings, adjusted for non-recurring costs, came to 64 cents per share.
The company posted revenue of $61 million in the period. Its revenue net of interest expense was $56.6 million, which beat Street forecasts.
Business First shares have dropped 21% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $22.38, a fall of 3% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BFST at https://www.zacks.com/ap/BFST | https://www.seattlepi.com/business/article/Business-First-Q2-Earnings-Snapshot-17330455.php | 2022-07-26T21:33:24Z | https://www.seattlepi.com/business/article/Business-First-Q2-Earnings-Snapshot-17330455.php | false |
What to Know
- Though the game might be hundreds of years old, the modern version of cornhole has its roots in the American South and Midwest, with some tracing the start of its current popularity to Cincinnati
- The American Cornhole League, founded in 2015, is the second U.S. governing body to emerge for the sport of cornhole, and sets rules for the game and standards for the bags and boards used in competitive play
- The cornhole craze has hit California, with officially-sanctioned local leagues emerging around the state, and a growing number of professional ACL players based in the Golden State who travel the country to appear in televised national tournaments
The sun was shining outside, and the students in Mr. Voyer's sixth grade classroom were getting restless.
With just days left until summer vacation, spring fever was in full effect at San Joaquin Elementary in Stockton. But in the battle to keep his students' attention, Mr. Voyer had one more trick up his sleeve.
"Pretend like you're balancing a plate on your hand," he told the class.
Then he picked up a one-pound square bean bag and placed it on a student's hand in the front row. It was the start of what promised to be an unforgettable lesson in physical education.
Part Teacher, Part Pro Athlete
Nate Voyer isn't just a sixth grade teacher. He's also a professional player in the American Cornhole League, currently in his rookie season. In fact, after many years as an assistant principal, Voyer says moving back into the classroom has allowed him to more easily balance his education career with his brand new sporting career. The school district has even assigned a dedicated substitute teacher to fill in whenever he has to miss class for a tournament.
Voyer's students are some of his biggest fans. His class watched together as he made his television debut, playing doubles alongside former 49ers tight end Vernon Davis. Though the pair didn't win the tournament, Voyer made an impressive showing, throwing the fan-favorite "airmail" shot three times in a row.
The Scene
Basic Rules of Cornhole
The game of tossing bean bags at a small round hole in a slanted wooden board seems simple enough.
"I don't care if you're 7 or 70," Voyer said. "If you can throw a 1-pound bag 27 feet, you can play cornhole."
Players just call them "bags" because they don't actually contain beans — or corn. The American Cornhole League requires the bags to be 6 inches square, and filled with plastic resin beads — almost exactly 1 pound of them. The bags are tossed 27 feet at a slanted 2-by-4 foot board with a 6-inch round hole near the top.
Players take turns throwing four bags per round. A bag in the hole is worth three points, and a bag on the board is worth one point. Cornhole uses "cancel scoring" so if Player A gets two bags in the hole, and Player B gets three, the first two shots cancel out, and Player B gets 3 points for that round. The first player to reach 21 wins.
Standing at the white board in front of his class, Voyer explained that at its highest levels, cornhole is as much a game of strategy as a game of skill. As a young and growing sport, players are innovating new kinds of shots every season. But for now, there are six basic shots to know about:
Types of Shots in Cornhole
- Slide: The most common shot in cornhole, the slide shot hits the center of the board, and then slides into the hole.
- Block: Thrown either intentionally or by accident, a block shot lands in the center of the board, but stops before dropping into the hole — creating an obstacle for your opponent.
- Airmail: Cornhole's equivalent to a swish in basketball, an airmail goes high in the air and drops straight into the hole — flying over any blocking bags that might be in the way.
- Push: Often thrown to "clean up" at the end of a round, a push shot shoves a blocking bag — hopefully your own — into the hole.
- Cut: Sometimes thrown by accident at the novice level, experts use the cut shot to steer around obstacles — throwing bags at an angle so that they hit the board and jump diagonally toward the hole.
- Roll/Flop: Among the newest advanced shots to become trendy in professional play, a roll or flop shot hits the board in front of a blocking bag, and then catapults over it into the hole.
Harder Than It Looks
After a brief classroom explanation, Voyer's students were ready to line up and head outside. It took them only a few throws to realize that 27 feet is an awfully long way to toss something at such a small target. Though all of them had experienced cornhole before at a backyard gathering or tailgate party, informal cornhole is often played at shorter distances, with lighter bags. Voyer explained the proper technique:
"It's like a pendulum, like on a clock," he said, demonstrating the underhand swinging motion with a straight arm and no bend in his elbow — and then a quick flick of the wrist as the bag left his hand. "At the very end, it's like a frisbee movement, and you're throwing like that ... because we want a nice pancake style bag that will land on the board flat and slide into the hole."
Throwing bags that fly high in the air and land flat on the board is a skill that relies heavily on muscle memory, Voyer said. Many professionals practice daily to maintain their accuracy.
"We have some guys that throw a thousand bags a day," said Joseph Fields, who directs the American Cornhole League's Western Confernce — the conference that includes California.
"Anyone Can Play, and Anyone Can Win"
Fields spoke in an interview at the ACL Open tournament in Sacramento, where Voyer and other serious players from Northern California showed up to compete. Cornhole pros from around the country travel to tournaments in a different city almost every weekend during the season, giving amateur players a chance to take them on or team up with them in the "blind draw" doubles round, where players are matched up at random.
The blind draw at ACL Open tournaments is emblematic of the league's motto: "Anyone Can Play, and Anyone Can Win." In the American Cornhole League, there are no age groups and no gender divisions: players are separated only by skill level, and the top 256 players can compete as professionals for serious prize money (which totaled more than half a million dollars across all the tournaments in 2021).
"We've got some kids as young as 12, up to age 70, early 70s," said Jodi Lim, a professional player from San Diego who's 52 years old. "I'm playing against some of the pros who are my daughter's age — 20, 21, 22."
Lim said that like many other pros his age, he found cornhole after years of playing other sports that require good hand-eye coordination. Most recently, he said, he played on the Golf Channel's amateur tour. But unlike the other sports he's played, Lim said there's no single type of athlete who's good at cornhole.
"I think (cornhole has) a pretty even playing field across the ages as well as physiques, sizes," Lim said. "One of the things that helped me in golf, too, is I was able to stay calm under pressure, not get too frustrated if I missed a shot, and just concentrate on the next shot. And similar to golf, you're just trying to put something in the hole."
Rising Stars and Evolving Technology
Some of cornhole's youngest royalty also made an appearance at the Sacramento tournament, including 19-year-old Trey Burchfield. Burchfield is the only player to have both a singles and a doubles ACL world championship under his belt. He's nicknamed "The Robot" for his uncanny ability to remain cool, collected and consistently accurate under intense pressure.
Unlike Voyer, whose signature shot is the airmail, Burchfield plays an offense-focused game that's centered around the slide shot — mixing in cut and roll shots to steer around his opponents' bags.
"Pretty much just sliding it in the hole, putting every bag I can in the hole," he said. "If they go in the hole, you can't lose. So that's my strategy."
Also at the tournament was Ryan Windsor — a 25-year-old phenom who recently began selling his own signature line of cornhole bags.
"There's just thousands and thousands of different materials," Windsor said of the possibilities when designing high-performance bags.
Although all cornhole bags must be the same size and weight to qualify for tournament play, there are no rules restricting the materials they can be made out of. Many bags feature a fast side and a slow side: one side that slides quickly, and one side that hits the board and stops. Each season, ACL officials release a list of approved bag manufacturers and models that have passed their inspection, and every approved bag must bear the official ACL stamp to be allowed in a tournament.
The list of approved bags is long, and with good reason: The best bag for you depends on how you play.
"I'm like a really defensive player," Windsor said, placing his style in stark contrast to Burchfield's. "So I'll throw sticky bags, compared to really slick bags. You know, a lot of people will just go for the hole every time, but I like to post them up in front of the hole."
While Burchfield said he switched to an even slicker bag for the current season, Windsor has been dialing in his block shot, throwing bags sticky-side-down so that they stop right in front of the hole with startling accuracy.
All in the Timing
After school on Tuesdays, Voyer hangs up his polo shirt and dons his official ACL jersey. Tuesday night is league night for the Port City Baggers — the ACL-sanctioned local cornhole league he and his wife started about three years ago. The league now attracts from 60 to 100 people each time it meets, Voyer said, including visitors from clubs in neighboring cities.
Like Voyer, many of the Baggers discovered they had a knack for cornhole when they played it in someone's backyard. Then, after showing up to a league night out of sheer curiosity, they were hit with the drive to compete.
"We were just hooked from then on," said Brent Alger, who attended his first Tuesday night tournament at Voyer's urging. "And then COVID hit, so it was one of the things we could do."
Indeed, Voyer said it was the timing of the COVID-19 pandemic, just as cornhole was already beginning to expand its reach, that propelled the sport into the spotlight.
"During the pandemic," he said, "boards and bags were on backorder, because people were home, but people didn't want to just be inside."
Because the game is inexpensive and easy to learn, Voyer said it became a popular pandemic pastime — and players with a lot of time on their hands improved quickly. And because cornhole doesn't require close contact between players, the American Cornhole League quickly devised a set of COVID protocols that would allow it to safely hold tournaments for a television audience that was clamoring for live sports — and networks that desperately needed content.
In turn, Voyer said, the television exposure helped to grow even more interest in local leagues.
"Three years ago, when we started our league, the next league that was close to us was in West Sacramento," he said. "Now there are leagues in Brentwood, Pleasanton, Tracy, Manteca, Elk Grove, Galt, Bay Area Baggers in South San Francisco. There's just a lot of great, great people starting leagues because it's thriving."
An Olympic Future?
By the end of their P.E. class playing cornhole, Voyer's sixth grade students were already showing improvement.
"I just airmailed one!" exclaimed one student, overjoyed at his improvement in the span of less than an hour.
"I want to be the next Mr. Voyer!" proclaimed another student with confidence, as he headed back into the classroom.
Asked if he wanted to play cornhole professionally, a third student confessed he had other ambitions: "I don't know — I want to be an orthodontist!"
But the American Cornhole League has its own ambition, and it's laser-focused.
"The goal for the ACL is trying to make it an Olympic sport," Voyer said. "It's wild, but it's catching on!"
Voyer's not sure if there are Olympic medals in his own future, but for now, he said he's satisfied with a different kind of victory:
"This last week that I've brought boards from our league to play (at school), I actually had perfect attendance three days in this last week," he said. "So I'm actually getting kids to come to school. I mean, I'll take that any day." | https://www.nbcdfw.com/entertainment/the-scene/cornhole-backyard-game-professional-sport/3032028/ | 2022-07-26T21:34:02Z | https://www.nbcdfw.com/entertainment/the-scene/cornhole-backyard-game-professional-sport/3032028/ | false |
The SWIMS Act is the first federal legislation the Nonhuman Rights Project (NhRP) has helped develop as it begins to work with members of Congress
WASHINGTON, July 26, 2022 /PRNewswire/ -- The only organization in the US dedicated solely to securing legal rights for nonhuman animals today announced its support for a new bill that would end the future capture and breeding of whales for public display.
Introduced by Representatives Adam Schiff (D-Calif.), Jared Huffman (D-Calif.), and Suzan DelBene (D-Wash.) as well as Senator Dianne Feinstein (D-Calif.), the Strengthening Welfare in Marine Settings (SWIMS) Act is the first federal legislation the Nonhuman Rights Project (NhRP) has helped develop.
"As part of our commitment to advocating in the halls of power for the freedom of autonomous nonhuman beings like whales, we're honored to have been able to work with a longtime, passionate animal advocate like Representative Schiff in the lead-up to this bill's introduction," said Courtney Fern, the NhRP's Director of Government Relations and Campaigns. "We look forward to working with Representative Schiff's office, the SWIMS Act cosponsors, and the strong coalition of endorsing organizations to ensure its passage."
The SWIMS Act would amend the Marine Mammal Protection Act of 1972 to prohibit the taking, importation, or exportation of orcas, beluga whales, pilot whales, and false killer whales for the purpose of public display unless the animal is being transported to a sanctuary setting or released to the wild. The bill further amends the Animal Welfare Act to prohibit any breeding of these species for future public display.
Known for its pioneering nonhuman animal rights litigation, especially the ongoing case of Happy the elephant in New York, the NhRP anticipates and welcomes becoming more involved with federal legislation that will "meaningfully protect nonhuman animals, now and far into the future," said the NhRP's founder and president Steven M. Wise.
The bill references scientific evidence of the cognitive, emotional, and social complexity of whales and recognizes the importance of prioritizing the autonomy of whales as individuals, which the NhRP applauds. Similar language underlies the NhRP's legal arguments. The bill also underscores how whales suffer when held in captivity in tanks that cannot meet their complex physical, emotional, and social needs.
Earlier this month, the NhRP filed a motion for reargument in New York's highest court following a 5-2 decision issued in its historic litigation seeking Happy the elephant's right to liberty and release from the Bronx Zoo to an elephant sanctuary. The two dissents in Happy's case harshly criticize the majority and have been lauded as a historic mark of progress in the global fight to secure fundamental legal rights for nonhuman animals. The NhRP filed its first case in California–on behalf of three elephants held in captivity at the Fresno Chaffee Zoo who are victims of the continuing importation of elephants to US zoos–in April.
"The science is clear that species such as whales and elephants need and want to live freely just as we do," said Wise. "We believe it's time for the law to catch up."
Click here to read the full text of this legislation.
The Nonhuman Rights Project is the only civil rights organization in the United States working through litigation, legislation, and education to secure fundamental rights for nonhuman animals.
View original content to download multimedia:
SOURCE Nonhuman Rights Project | https://www.cleveland19.com/prnewswire/2022/07/26/leading-force-animal-rights-us-supports-federal-bill-end-capture-breeding-whales-public-display/ | 2022-07-26T21:36:34Z | https://www.cleveland19.com/prnewswire/2022/07/26/leading-force-animal-rights-us-supports-federal-bill-end-capture-breeding-whales-public-display/ | true |
- Net income was $1.22 billion versus $2.27 billion prior year and core operating income was a record $1.79 billion versus $1.62 billion prior year. For the six months, net income was $3.19 billion, compared to $4.57 billion prior year, and core operating income was a record $3.43 billion, up 24.0%.
- Consolidated net premiums written were up 7.9%, or 10.0% in constant dollars. P&C net premiums written were up 9.0%, or 11.0% in constant dollars, driven by growth in commercial lines of 12.1% and consumer lines of 8.0%.
- North America P&C net premiums written were up 10.9%, driven by growth in commercial lines of 12.6% and consumer lines of 5.4%. Overseas General P&C net premiums written were up 5.7%, or 12.4% in constant dollars, including growth in commercial lines of 13.0% and consumer lines of 11.6%.
- P&C underwriting income was a record $1.44 billion, up 21.1%, leading to a record P&C combined ratio of 84.0%, compared with 85.5% prior year. P&C current accident year underwriting income excluding catastrophe losses was a record $1.49 billion, up 23.5%, leading to a P&C current accident year combined ratio excluding catastrophe losses of 83.5%, compared with 85.4% prior year. Through the six months, P&C underwriting income was a record $2.72 billion and the P&C combined ratio was a record 84.2%.
- Total pre-tax and after-tax P&C catastrophe losses were $291 million and $241 million, respectively, compared with $280 million and $226 million, respectively, last year.
- Pre-tax net investment income was $888 million and adjusted net investment income was $950 million. Both were records.
- Operating cash flow was $2.72 billion.
- Unfavorable foreign currency movement in the quarter negatively impacted P&C net premiums written growth by 2.0 percentage points and core operating income by $34 million, or $0.08 per share.
- Annualized return on equity (ROE) was 9.0% and annualized core operating ROE was 12.4%. Annualized core operating return on tangible equity (ROTE) was 18.6%.
- On July 1, 2022, the company completed the acquisition of Cigna's accident and health (A&H) and life business for $5.36 billion.
ZURICH, July 26, 2022 /PRNewswire/ -- Chubb Limited (NYSE: CB) today reported net income for the quarter ended June 30, 2022 of $1.22 billion, or $2.86 per share, and core operating income of $1.79 billion, or $4.20 per share. Net income in the quarter was adversely impacted by realized losses of $565 million after tax, principally due to the mark-to-market impact on private and public equities and from sales in fixed income securities. The P&C combined ratio was 84.0% compared to 85.5% prior year, and the current accident year P&C combined ratio excluding catastrophe losses was 83.5% compared to 85.4% prior year. Book and tangible book value per share decreased 7.7% and 11.6%, respectively, from March 31, 2022 and now stand at $123.46 and $77.71, respectively. Book value was unfavorably impacted by after-tax net realized and unrealized losses of $4.91 billion in the company's investment portfolio, principally due to the mark-to-market impact from rising interest rates in the fixed income portfolio. Book and tangible book value per share excluding net unrealized investment losses each decreased 0.3%, from March 31, 2022.
For the six months ended June 30, 2022, net income was $3.19 billion, or $7.46 per share, and core operating income was $3.43 billion, or $8.01 per share. The P&C combined ratio was 84.2% compared to 88.6% prior year, and the current accident year P&C combined ratio excluding catastrophe losses was 83.5% compared to 85.3% prior year. Book and tangible book value per share decreased 11.8% and 17.7%, respectively, from December 31, 2021. Book value was unfavorably impacted by after-tax net realized and unrealized losses of $8.48 billion in the company's investment portfolio, principally due to the mark-to-market impact from rising interest rates in the fixed income portfolio. The mark-to-market impact resulted in an unrealized loss position of $5.71 billion at June 30, 2022, compared with an unrealized gain position of $2.26 billion at December 31, 2021. Book and tangible book value per share excluding net unrealized investment gains (losses) increased 1.8% and 2.6%, respectively, from December 31, 2021.
For the six months ended June 30, 2022 and 2021, the tax expenses (benefits) related to the table above were $(1) million and nil, respectively, for Cigna integration expenses; $(6) million and $(8) million for amortization of fair value adjustment of acquired invested assets and long-term debt; $(62) million and $149 million, respectively, for adjusted net realized gains and losses; and $717 million and $514 million, respectively, for core operating income.
Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, commented: "We had an outstanding quarter that reflects the strong momentum in our company: record operating earnings, underwriting and investment results, and double-digit premium revenue growth in constant dollars. Core operating income per share was $4.20, up 16%; P&C underwriting income topped $1.4 billion, up over 21%, with a combined ratio of 84%; and adjusted net investment income was $950 million – all were records.
"Total P&C premiums globally grew 11% in constant dollars, with commercial up 12% and consumer up 8%, though published growth was impacted by the headwinds from the strength of the dollar. Commercial P&C pricing changes remained strong and exceeded both our actual observed and future projected loss cost trends. Commercial premiums increased 12.5% in North America, or 8.7% excluding agriculture, and 13% in our international operations in constant dollars. On the consumer side, our international business continued to pick up momentum, with constant dollar growth of 11.6%, while our U.S. high net worth business grew 4.7% on the back of record new business and strong pricing.
"We are bullish about our future prospects while mindful of the world around us. We are in the risk business. Our momentum and earning power are strong, driven by commercial P&C growth and pricing that remain quite good; increasing investment income due to rising rates and strong cash flow; accelerating consumer lines growth globally; and life company revenue and earnings which will benefit from the addition of Cigna's business in Asia. Together, these will continue to drive strong EPS growth."
Operating highlights for the quarter ended June 30, 2022 were as follows:
- Consolidated net premiums earned increased 8.4%, or 10.7% in constant dollars. P&C net premiums earned increased 9.8%, or 12.0% in constant dollars, comprising growth in commercial and consumer lines of 13.0% and 2.2%, respectively, or 14.8% and 5.3%, respectively, in constant dollars.
- Pre-tax net investment income was a record $888 million, compared with $884 million prior year, and adjusted net investment income was a record $950 million, compared with $945 million prior year.
- Total capital returned to shareholders in the quarter was $1.48 billion, including share repurchases of $1.13 billion, at an average purchase price of $206.11 per share, and dividends of $348 million. Total capital returned to shareholders for the six months ended June 30, 2022 was $2.82 billion, including share repurchases of $2.13 billion at an average purchase price of $205.84 per share, and dividends of $688 million. The company previously announced that its Board of Directors approved a new share repurchase program of up to $2.5 billion through June 30, 2023.
- Total pre-tax and after-tax P&C catastrophe losses were $291 million (3.2 percentage points of the combined ratio) and $241 million, respectively, compared with $280 million (3.4 percentage points of the combined ratio) and $226 million, respectively, last year.
- Total pre-tax and after-tax favorable prior period development were $247 million (2.7 percentage points of the combined ratio) and $205 million, respectively, compared with $268 million (3.3 percentage points of the combined ratio) and $224 million, respectively, last year.
Details of financial results by business segment are available in the Chubb Limited Financial Supplement. Key segment items for the quarter ended June 30, 2022 are presented below:
- North America Commercial P&C Insurance: The current accident year combined ratio excluding catastrophe losses decreased 2.1 percentage points, including a 2.3 percentage point decrease in the loss ratio and a 0.2 percentage point increase in the expense ratio.
- North America Personal P&C Insurance: The current accident year combined ratio excluding catastrophe losses increased 0.5 percentage points due to a 0.5 percentage point increase in the expense ratio.
- North America Agricultural Insurance: The current accident year combined ratio excluding catastrophe losses decreased 1.7 percentage points, including a 1.6 percentage point decrease in the expense ratio and a 0.1 percentage point decrease in the loss ratio.
- Overseas General Insurance: The current accident year combined ratio excluding catastrophe losses decreased 2.2 percentage points, including a 1.6 percentage point decrease in the expense ratio and a 0.6 percentage point decrease in the loss ratio.
- Global Reinsurance: Net premiums written were $262 million, down 4.0%. The combined ratio was 92.8%, compared with 86.6% prior year. The current accident year combined ratio excluding catastrophe losses was 80.4% compared with 81.2% prior year.
- Life Insurance: Net premiums written were $571 million, down 7.2%, or 4.9% in constant dollars, and segment income was $101 million. International life insurance net premiums written decreased 4.9%, or 0.8% in constant dollars, while net premiums written and deposits collected were down 20.8%, or 18.3% in constant dollars, driven by the continued impact of the pandemic on the company's agency force and challenging market conditions for deposit products in certain Asian markets. International life insurance segment income increased 12.0%, or up 13.6% in constant dollars. Combined Insurance North America net premiums written decreased 10.2% and segment income decreased 3.5%.
All comparisons are with the same period last year unless otherwise specifically stated.
Please refer to the Chubb Limited Financial Supplement, dated June 30, 2022, which is posted on the company's investor relations website, investors.chubb.com, in the Financials section for more detailed information on individual segment performance, together with additional disclosure on reinsurance recoverable, loss reserves, investment portfolio, and debt and capital.
Chubb Limited will hold its second quarter earnings conference call on Wednesday, July 27, 2022 beginning at 8:30 a.m. Eastern. The earnings conference call will be available via live webcast at investors.chubb.com or by dialing 800-458-4121 (within the United States) or 313-209-6672 (international), passcode 2366321. Please refer to the Chubb website under Events and Presentations for details. A replay will be available after the call at the same location. To listen to the replay, please click here to register and receive dial-in numbers.
About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 34,000 people worldwide. Additional information can be found at: www.chubb.com.
Regulation G - Non-GAAP Financial Measures
In presenting our results, we included and discussed certain non-GAAP measures. These non-GAAP measures, which may be defined differently by other companies, are important for an understanding of our overall results of operations and financial condition. However, they should not be viewed as a substitute for measures determined in accordance with generally accepted accounting principles (GAAP).
Throughout this document there are various measures presented on a constant-dollar basis (i.e., excludes the impact of foreign exchange). We believe it is useful to evaluate the trends in our results exclusive of the effect of fluctuations in exchange rates between the U.S. dollar and the currencies in which our international business is transacted, as these exchange rates could fluctuate significantly between periods and distort the analysis of trends. The impact is determined by assuming constant foreign exchange rates between periods by translating prior period results using the same local currency exchange rates as the comparable current period.
Adjusted net investment income is net investment income excluding the amortization of the fair value adjustment on acquired invested assets from the acquisition of The Chubb Corporation (Chubb Corp) of $14 million and $22 million in Q2 2022 and Q2 2021, respectively, and including investment income of $48 million and $39 million in Q2 2022 and Q2 2021, respectively, from partially owned investment companies (private equity partnerships) where our ownership interest is in excess of 3% that are accounted for under the equity method. The amortization of the fair value adjustment on acquired invested assets was $30 million and $48 million for the six months ended June 30, 2022 and 2021, respectively, and the investment income from private equity partnerships was $111 million and $80 million for the six months ended June 30, 2022 and 2021, respectively. The mark-to-market movement on these private equity partnerships are included in adjusted net realized gains (losses) as described below. We believe this measure is meaningful as it highlights the underlying performance of our invested assets and portfolio management in support of our lines of business.
Adjusted net realized gains (losses), net of tax, includes net realized gains (losses) and net realized gains (losses) recorded in other income (expense) related to unconsolidated subsidiaries, and excludes realized gains and losses on crop derivatives. These derivatives were purchased to provide economic benefit, in a manner similar to reinsurance protection, in the event that a significant decline in commodity pricing impacts underwriting results. We view gains and losses on these derivatives as part of the results of our underwriting operations, and therefore realized gains (losses) from these derivatives are reclassified to adjusted losses and loss expenses.
P&C underwriting income is calculated by subtracting adjusted losses and loss expenses, policy acquisition costs and administrative expenses from net premiums earned by our P&C operations. We use underwriting income (loss) and operating ratios to monitor the results of our operations without the impact of certain factors, including net investment income, other income (expense), interest expense, amortization expense of purchased intangibles, income tax expense and adjusted net realized gains (losses).
P&C current accident year underwriting income excluding catastrophe losses is P&C underwriting income adjusted to exclude catastrophe losses and prior period development (PPD). We believe it is useful to exclude catastrophe losses, as they are not predictable as to timing and amount, and PPD as these unexpected loss developments on historical reserves are not indicative of our current underwriting performance. We believe the use of these measures enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business.
Core operating income, net of tax, excludes from net income the after-tax impact of adjusted net realized gains (losses), Cigna integration expenses, and the amortization of fair value adjustment of acquired invested assets and long-term debt related to the Chubb Corp acquisition. We believe this presentation enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business. We exclude adjusted net realized gains (losses) because the amount of these gains (losses) are heavily influenced by, and fluctuate in part according to, the availability of market opportunities. We exclude the amortization of the fair value adjustments related to purchased invested assets and long-term debt, related to the Chubb Corp acquisition due to the size and complexity of this acquisition. We exclude Cigna integration expenses as these expenses are distortive to our results and are not indicative of our underlying profitability. We believe excluding these integration expenses facilitates the comparison of our financial results to our historical operating results. References to core operating income measures mean net of tax, whether or not noted.
Core operating return on equity (ROE) and Core operating return on tangible equity (ROTE) are annualized non-GAAP financial measures. The numerator includes core operating income (loss), net of tax. The denominator includes the average shareholders' equity for the period adjusted to exclude unrealized gains (losses) on investments, net of tax. For the ROTE calculation, the denominator is also adjusted to exclude goodwill and other intangible assets, net of tax. These measures enhance the understanding of the return on shareholders' equity by highlighting the underlying profitability relative to shareholders' equity and tangible equity excluding the effect of unrealized gains and losses on our investments that are heavily influenced by available market opportunities. We believe ROTE is meaningful because it measures the performance of our operations without the impact of goodwill and other intangible assets.
P&C combined ratio is the sum of the loss and loss expense ratio, acquisition cost ratio and the administrative expense ratio excluding the life business and including the realized gains and losses on the crop derivatives, as noted above.
P&C current accident year combined ratio excluding catastrophe losses excludes the impact of P&C catastrophe losses and PPD from the P&C combined ratio. We believe this measure provides a better evaluation of our underwriting performance and enhances the understanding of the trends in our property and casualty business that may be obscured by these items.
Global P&C performance metrics comprise consolidated operating results (including corporate) and exclude the operating results of the company's Life Insurance and North America Agricultural Insurance segments. The agriculture insurance business is a different business in that it is a public sector and private sector partnership in which insurance rates, premium growth, and risk-sharing is not market-driven like the remainder of the company's P&C insurance business. We believe that these measures are useful and meaningful to investors as they are used by management to assess the company's global P&C operations which are the most economically similar. We exclude the North America Agricultural Insurance and Life Insurance segments because the results of these businesses do not always correlate with the results of our global P&C operations.
Tangible book value per common share is shareholders' equity less goodwill and other intangible assets, net of tax, divided by the shares outstanding. We believe that goodwill and other intangible assets are not indicative of our underlying insurance results or trends and make book value comparisons to less acquisitive peer companies less meaningful.
Book value per share and tangible book value per share excluding unrealized investment gains (losses), excludes the mark-to-market on the company's fixed maturities portfolio. We believe that excluding these net unrealized gains (losses) would highlight the underlying growth in book value and tangible book value without the impact of interest rate volatility. Book value per share and tangible book value per share excluding accumulated other comprehensive income (loss) (AOCI), excludes AOCI from the numerator because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates and foreign currency movement, to highlight underlying growth in book and tangible book value.
International life insurance net premiums written and deposits collected includes deposits collected on universal life and investment contracts (life deposits). Life deposits are not reflected as revenues in our consolidated statements of operations in accordance with GAAP. However, we include life deposits in presenting growth in our life insurance business because new life deposits are an important component of production and key to our efforts to grow our business.
See the reconciliation of Non-GAAP Financial Measures on pages 29-35 in the Financial Supplement. These measures should not be viewed as a substitute for measures determined in accordance with GAAP, including premium, net income, return on equity, and net investment income.
NM - not meaningful comparison
Cautionary Statement Regarding Forward-Looking Statements:
Forward-looking statements made in this press release, such as those related to company performance, pricing, growth opportunities, economic and market conditions, and our expectations and intentions and other statements that are not historical facts, reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the following: competition, pricing and policy term trends, the levels of new and renewal business achieved, the frequency and severity of unpredictable catastrophic events, actual loss experience, uncertainties in the reserving or settlement process, integration activities and performance of acquired companies, loss of key employees or disruptions to our operations, new theories of liability, judicial, legislative, regulatory and other governmental developments, litigation tactics and developments, investigation developments and actual settlement terms, the amount and timing of reinsurance recoverable, credit developments among reinsurers, rating agency action, infection rates and severity of pandemics, including COVID-19, and their effects on our business operations and claims activity, possible terrorism or the outbreak and effects of war, economic, political, regulatory, insurance and reinsurance business conditions, potential strategic opportunities including acquisitions and our ability to achieve and integrate them, as well as management's response to these factors, and other factors identified in our filings with the Securities and Exchange Commission (SEC).
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
View original content to download multimedia:
SOURCE Chubb Limited | https://www.wbrc.com/prnewswire/2022/07/26/chubb-reports-second-quarter-net-income-per-share-286-versus-506-prior-year-record-core-operating-income-per-share-420-up-160-pampc-combined-ratio-was-record-840-pampc-net-premiums-written-up-90-or-110-constant-dollars/ | 2022-07-26T21:36:34Z | https://www.wbrc.com/prnewswire/2022/07/26/chubb-reports-second-quarter-net-income-per-share-286-versus-506-prior-year-record-core-operating-income-per-share-420-up-160-pampc-combined-ratio-was-record-840-pampc-net-premiums-written-up-90-or-110-constant-dollars/ | true |
NEW YORK (AP) _ Pzena Investment Management Inc. (PZN) on Tuesday reported profit of $2.5 million in its second quarter.
On a per-share basis, the New York-based company said it had net income of 15 cents.
The asset manager posted revenue of $48.7 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PZN at https://www.zacks.com/ap/PZN | https://www.seattlepi.com/business/article/Pzena-Q2-Earnings-Snapshot-17330691.php | 2022-07-26T21:36:41Z | https://www.seattlepi.com/business/article/Pzena-Q2-Earnings-Snapshot-17330691.php | true |
For Wausau Pilot & Review
WAUSAU – The Wausau Woodchucks took on the Madison Mallards for their first game back at Athletic Park since the All-Star Break, losing a hard-fought battle 9-7 at Athletic Park.
It was a pitching duel for the first four innings with only one run and three hits recorded. The Mallards put up three runs in the fifth inning, but the scoring was just getting started.
The Chucks (27-25 overall, 10-6 second half) started to rally in the bottom of the sixth inning when a two-run home run by Nik Levensteins (North Georgia) put the first two runs on the board, scoring himself and Chase Hug (Evansville). Garrett Hill (North Dakota State) made it interesting by taking advantage of a wild pitch scoring from third, and Zach Kluvers (North Dakota State) tied it up on a passed ball by the Madison catcher.
Madison (23-30 overall, 5-12 second half) responded with five runs in the top of the seventh inning, but the Woodchucks threatened again in the bottom of the inning with Hug scoring from third on a Levensteins single to right field. Ryan Sepede (BYU) and Levensteins both scored on wild pitches, inching the Chucks closer with a score of 9-7.
Dwight Allen (Georgia) caught a pop fly in shallow center field and threw the runner out at the plate to end the top of the ninth inning with a clutch double play, trying to send the Chucks into the bottom of the inning with a spark. Kluvers started things off with a single to the left field corner, but the Chucks would be unable to bring him in, and Madison took the first game of the series.
The two teams will meet against Tuesday at Madison before Wausau returns home for a doubleheader against Wisconsin Rapids on Wednesday at 12:05 p.m. and 6:35 p.m. | https://wausaupilotandreview.com/2022/07/26/madison-mallards-hold-off-wausau-woodchucks-in-northwoods-league-action/ | 2022-07-26T21:36:49Z | https://wausaupilotandreview.com/2022/07/26/madison-mallards-hold-off-wausau-woodchucks-in-northwoods-league-action/ | false |
AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER 2022
Published: Jul. 26, 2022 at 3:05 PM CDT|Updated: 2 hours ago
Highlights of the Company's results for the second quarter of 2022 include the following:
Net income of $90.1 million, or $1.30 per diluted share
Growth in tangible book value of $1.05 per share, or 15.7% annualized, to $27.89 at June 30, 2022
Adjusted total revenue grew $14.2 million, or 5.7%, when compared to last quarter
Improvement in net interest margin of 31bps, from 3.35% last quarter to 3.66% this quarter
Adjusted return on average assets of 1.40%
Adjusted return on average tangible common equity of 17.18%
Adjusted efficiency ratio of 53.66%, compared with 56.95% last quarter
Organic growth in loans of $1.4 billion, or 35.1% annualized
Continued growth in noninterest bearing deposits, representing 41.98% of total deposits, from 40.18% at March 31, 2022 and 38.25% a year ago
ATLANTA, July 26, 2022 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $90.1 million, or $1.30 per diluted share, for the quarter ended June 30, 2022, compared with $88.3 million, or $1.27 per diluted share, for the quarter ended June 30, 2021. The Company reported adjusted net income of $81.5 million, or $1.18 per diluted share, for the quarter ended June 30, 2022, compared with $87.5 million, or $1.25 per diluted share, for the same period in 2021. Adjusted net income excludes after-tax merger and conversion charges, servicing right valuation adjustments, gain on bank owned life insurance ("BOLI") proceeds and gain/loss on sale of bank premises.
For the year-to-date period ending June 30, 2022, the Company reported net income of $171.8 million, or $2.47 per diluted share, compared with $213.3 million, or $3.06 per diluted share, for the same period in 2021. The Company reported adjusted net income of $156.5 million, or $2.25 per diluted share, for the six months ended June 30, 2022, compared with $203.3 million, or $2.91 per diluted share, for the same period in 2021. Adjusted net income for the year-to-date period excludes the same items listed above for the Company's quarter-to-date period.
Commenting on the Company's results, Palmer Proctor, the Company's Chief Executive Officer, said, "Our strong second quarter financial results are attributable to our solid banking fundamentals. We grew revenue, improved our margin, expanded our earning asset base and grew tangible book value by $1.05 per share this quarter. We are well positioned for future interest rate hikes, and we continue to monitor our loan growth and credit metrics very closely. Southeastern markets where we operate continue to provide opportunities for responsible growth. We remain focused on our core fundamentals going into the third quarter."
Increase in Net Interest Income and Net Interest Margin Net interest income on a tax-equivalent basis (TE) increased to $192.3 million in the second quarter of 2022, an increase of $18.8 million, or 10.8%, from last quarter and an increase of $29.3 million, or 18.0%, compared to the second quarter of 2021. Interest income on a tax-equivalent basis increased by $19.2 million, or 10.4%, in the current quarter while interest expense increased only $374,000, or 3.5%, compared to the first quarter of 2022.
The Company's net interest margin improved significantly to 3.66% for the second quarter of 2022, up from 3.35% reported for the first quarter of 2022 and 3.34% reported for the second quarter of 2021. While average earning assets remained consistent at $21.1 billion from the previous quarter, the mix of earning assets expanded the margin as the Company began to deploy excess liquidity through the investment portfolio and organic loan growth.
Yields on earning assets increased 32 basis points during the quarter to 3.88%, compared with 3.56% in the first quarter of 2022, and increased 30 basis points from 3.58% in the second quarter of 2021. Yields on loans decreased to 4.32% during the second quarter of 2022, compared with 4.37% for the first quarter of 2022 and 4.33% for the second quarter of 2021. Loan yields in the second quarter of 2022 were negatively impacted approximately four basis points by declines in fee income on Paycheck Protection Program ("PPP") loans compared with the first quarter of 2022. In addition, the Company incurred net accretion expense in the second quarter of $379,000, compared with accretion income of $1.0 million in the first quarter of 2022 and $4.5 million for the second quarter of 2021.
Loan production in the banking division during the second quarter of 2022 was $1.07 billion, with weighted average yields of 5.24%, compared with $805.5 million and 5.17%, respectively, in the first quarter of 2022 and $911.3 million and 3.75%, respectively, in the second quarter of 2021. Loan production in the lines of business (including retail mortgage, warehouse lending, SBA and premium finance) amounted to an additional $5.3 billion during the second quarter of 2022, with weighted average yields of 4.29%, compared with $4.7 billion and 3.63%, respectively, during the first quarter of 2022 and $6.4 billion and 3.36%, respectively, during the second quarter of 2021.
The Company's total cost of funds was unchanged at 0.22% in the second quarter of 2022 as compared with the first quarter of 2022. Deposit costs increased just one basis point during the second quarter of 2022 to 0.10%, compared with 0.09% in the first quarter of 2022. Costs of interest-bearing deposits increased during the quarter from 0.14% in the first quarter of 2022 to 0.17% in the second quarter of 2022.
Noninterest Income Noninterest income decreased $3.1 million, or 3.5%, in the second quarter of 2022 to $83.8 million, compared with $86.9 million for the first quarter of 2022, primarily as a result of decreased mortgage banking activity, which declined by $4.2 million, or 6.6%, to $58.8 million in the second quarter of 2022, compared with $62.9 million for the first quarter of 2022. Gain on sale spreads decreased to 2.36% in the second quarter of 2022 from 2.94% for the first quarter of 2022. Total production in the retail mortgage division increased to $1.73 billion in the second quarter of 2022, compared with $1.53 billion for the first quarter of 2022. The retail mortgage open pipeline was $832.3 million at the end of the second quarter of 2022, compared with $1.41 billion at March 31, 2022. Mortgage banking activity included a $10.8 million recovery of servicing right impairment recorded in the second quarter of 2022, compared with a recovery of $9.7 million for the first quarter of 2022.
Other noninterest income increased $683,000, or 5.7%, in the second quarter of 2022 to $12.7 million, compared with $12.0 million for the first quarter of 2022, primarily as a result of a $1.6 million impact from the recently acquired Balboa Capital. Also contributing to the increase were increases in swap income of $326,000 and BOLI income of $179,000, partially offset by a decrease in gains on sale of SBA loans of $1.2 million.
Noninterest Expense Noninterest expense decreased $1.6 million, or 1.1%, to $142.2 million during the second quarter of 2022, compared with $143.8 million for the first quarter of 2022. During the second quarter of 2022, the Company recorded a net gain of $39,000 related to bank premises, compared with a net gain on bank premises of $6,000 and merger and conversion charges of $977,000 during the first quarter of 2022. Excluding those charges, adjusted expenses decreased approximately $614,000, or 0.4%, to $142.2 million in the second quarter of 2022, from $142.8 million in the first quarter of 2022. The decrease in adjusted expenses resulted from cyclical payroll tax and 401(k) expenses in the first quarter of 2022, partially offset by an increase in advertising and marketing expenses.
Management continues to focus its efforts on improving the operating efficiency of the Company. The adjusted efficiency ratio decreased to 53.66% in the second quarter of 2022, compared with 56.95% in the first quarter of 2022.
Income Tax Expense The Company's effective tax rate for the second quarter of 2022 was 23.7%, compared with 25.3% in the first quarter of 2022. The decreased rate for the second quarter of 2022 was primarily a result of a discrete charge to the Company's state tax liability and nondeductible merger expenses incurred in the first quarter of 2022.
Balance Sheet Trends Total assets at June 30, 2022 were $23.69 billion, compared with $23.86 billion at December 31, 2021. While total assets have not materially changed, the Company improved the earning asset mix through a shift in reinvestment of excess liquidity to the securities portfolio and loans held for investment. Debt securities available-for-sale increased $459.6 million, or 77.6%, from $592.6 million at December 31, 2021 to $1.05 billion at June 30, 2022. Loans, net of unearned income, increased $1.69 billion, or 21.4% annualized, to $17.56 billion at June 30, 2022, compared with $15.87 billion at December 31, 2021. Organic loan growth in the second quarter of 2022 was $1.4 billion, or 35.1% annualized, which included managed growth in residential mortgage loans of $555 million and seasonal increases in mortgage warehouse and agricultural loans of $217 million and $40.5 million, respectively. As a result of the purposeful origination of residential mortgage loans into the portfolio, loans held for sale decreased $699.0 million from $1.25 billion at December 31, 2021 to $555.7 million at June 30, 2022.
At June 30, 2022, total deposits amounted to $19.68 billion, or 97.3% of total funding, compared with $19.67 billion and 95.8%, respectively, at December 31, 2021. At June 30, 2022, noninterest-bearing deposit accounts were $8.26 billion, or 42.0% of total deposits, compared with $7.77 billion, or 39.5% of total deposits, at December 31, 2021. Non-rate sensitive deposits (including noninterest-bearing, NOW and savings) totaled $13.06 billion at June 30, 2022, compared with $12.52 billion at December 31, 2021. These funds represented 66.3% of the Company's total deposits at June 30, 2022, compared with 63.6% at the end of 2021, which continues to positively impact the cost of funds sensitivity in a rising rate environment.
Shareholders' equity at June 30, 2022 totaled $3.07 billion, an increase of $106.9 million, or 3.6%, from December 31, 2021. The increase in shareholders' equity was primarily the result of earnings of $171.8 million during the first six months of 2022, partially offset by dividends declared, share repurchases and the impact to other comprehensive income resulting from rising rates on our investment portfolio. The Company repurchased 118,157 shares of the Company's common stock at a cost of $5.0 million during the second quarter of 2022. The Company recorded dilution of $0.16 per share, or less than 0.6%, to tangible book value this quarter from other comprehensive income related to the increase in net unrealized losses on the securities portfolio. Tangible book value per share was $27.89 at June 30, 2022, compared with $26.26 at December 31, 2021. Tangible common equity as a percentage of tangible assets was 8.58% at June 30, 2022, compared with 8.05% at the end of 2021.
Credit Quality Credit quality remains strong in the Company. During the second quarter of 2022, the Company recorded a provision for credit losses of $14.9 million, compared with a provision of $6.2 million in the first quarter of 2022. This provision was primarily attributable to the $1.4 billion in organic loan growth during the quarter. Nonperforming assets as a percentage of total assets increased nine basis points to 0.56% during the quarter. The net charge-off ratio was four basis points for the second quarter of 2022, compared with nine basis points in the first quarter of 2022 and seven basis points in the second quarter of 2021.
Conference Call The Company will host a teleconference at 9:00 a.m. Eastern time on Wednesday, July 27, 2022, to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-200-6205 (or 1-929-526-1599 for international participants). The conference call access code is 603616. A replay of the call will be available one hour after the end of the conference call until August 10, 2022. To listen to the replay, dial 1-866-813-9403. The conference replay access code is 568609. The financial information discussed will also be available on the Investor Relations page of the Ameris Bank website at ir.amerisbank.com.
About Ameris Bancorp Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. The Company's banking subsidiary, Ameris Bank, had 164 locations in Georgia, Alabama, Florida, North Carolina and South Carolina at the end of the most recent quarter.
This news release contains certain performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The Company's management uses these non-GAAP measures in its analysis of the Company's performance. These measures are useful when evaluating the underlying performance and efficiency of the Company's operations and balance sheet. The Company's management believes that these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant gains and charges in the current period. The Company's management believes that investors may use these non-GAAP financial measures to evaluate the Company's financial performance without the impact of unusual items that may obscure trends in the Company's underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.
This news release contains forward-looking statements, as defined by federal securities laws, including, among other forward-looking statements, certain plans, expectations and goals. Words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this news release are based on current expectations and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin; expectations on credit quality and performance; legislative and regulatory changes; changes in U.S. government monetary and fiscal policy; the impact of the COVID-19 pandemic on the general economy, our customers and the allowance for loan losses; the benefits that may be realized by our customers from government assistance programs and regulatory actions related to the COVID-19 pandemic; the potential impact of the phase-out of the London Interbank Offered Rate ("LIBOR") or other changes involving LIBOR; competitive pressures on product pricing and services; the cost savings and any revenue synergies expected to result from acquisition transactions, which may not be fully realized within the expected timeframes if at all; the success and timing of other business strategies; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and the Company's subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements.
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.kfyrtv.com/prnewswire/2022/07/26/ameris-bancorp-announces-financial-results-second-quarter-2022/ | 2022-07-26T21:37:28Z | https://www.kfyrtv.com/prnewswire/2022/07/26/ameris-bancorp-announces-financial-results-second-quarter-2022/ | false |
LITTLE ROCK, Ark. – Monkeypox continues to increase in Arkansas.
The Arkansas Department of Health is reporting Arkansas now has three cases of the monkeypox virus in the state as of July 22, up from a single case July 5. The rare disease affects the person infected with a rash or sore (a pox) and flu-like symptoms.
According to the national Centers for Disease Control and Prevention, the monkeypox virus is on the rise globally, as well as in the United States. It is treatable, with testing as well as vaccines available.
Monkeypox is spread, according to CDC guidelines, by close intimate contact with someone already infected with the virus, or touching items such as clothing or linen which have been touched by someone infected. Unlike COVID-19 and its masking need, monkeypox is not spread through casual, brief conversations or walking by someone with monkeypox, like at a grocery store.
Arkansas Department of Health states symptoms of monkeypox include fever, headache, muscle pain, and a painful rash that occurs seven to 14 days after exposure. The CDC states that in some cases a rash breaks out without the fever or body aches. The rash can occur on several places throughout the body. If someone thinks they are infected, they should check with their healthcare providers. Health care providers with infected patients are encouraged to contact ADH. | https://www.kark.com/news/health/monkeypox-in-arkansas-what-to-know/ | 2022-07-26T21:37:46Z | https://www.kark.com/news/health/monkeypox-in-arkansas-what-to-know/ | false |
The Boulder Valley and St. Vrain Valley school districts are urging families to apply for free or reduced lunch benefits before the start of the school year, when districts will resume charging for lunches.
The federal government failed to extend the pandemic waivers that made school breakfasts and lunches free for all students, no paperwork required. Universal free school meals fed an estimated 10 million more children during the pandemic.
The Boulder Valley School District is encouraging families to apply for federal lunch benefits for the fall, when school lunches will no longer be free for all students. While the federal government isn’t funding universal free lunch, Colorado voters will decide in November whether to reinstate free meals for all. The measure would create a state fund to reimburse school districts for the cost of meals for students who don’t qualify for federally subsidized lunches.
The measure was added to the ballot by the state Legislature through HB22-1414. If approved, the change would go into effect in the 2023-24 school year —leaving at least a year when most parents will need to pay for school lunches.
Boulder Valley leaders have advocated for universal free lunches, saying it reduces stigma and ensures all students have the option of eating a healthy lunch. About 20% of the district’s students receive federally subsidized lunches.
“Having these free meals has really equalized the cafeteria,” said Mary Rochelle, Boulder Valley Food Services programs manager. “It’s a disappointment for our students and our efforts to support them during the school day.”
She said families who are close to the income cutoff for free lunch benefits will be especially hard hit by the return to paying for lunches, especially given the area’s high cost of housing.
“There are a lot of families on the cusp of qualifying,” she said. “It’s really challenging. A family that makes $55,000, that’s a really difficult amount to survive on here.”
For a family of four, the annual income limit to qualify for free lunches is $51,338. That amount is the same across the country, regardless of variations in the cost of living.
In both Boulder Valley and St. Vrain Valley, children without money in their lunch accounts still receive meals. But parents are responsible for paying back lunch debt.
Along with urging families to apply for meal benefits, families who qualify for free lunches receive additional financial help, including discounted or waived school and sports fees and discounted internet service.
School districts also qualify for grants and other financial support based on free lunch numbers. Rochelle said there’s a school in the district that no longer qualifies for a fresh fruit and vegetable grant because its free lunch percentage dipped below 50%.
“It’s very important for families to apply,” she said.
Logistically, she said, ending universal free lunch means students now will need to remember their lunch pin number. She’s asking asking parents to remind older students of their number and help younger ones work on memorizing them.
Food service employees also will need to enter those codes instead of helping dish up meals, a challenge when the district has been perennially short staffed. Rochelle noted the district is hiring for food service workers for the fall.
The free and reduced lunch application must be filled out every school year. Only one online application per household is needed. Immigration status isn’t considered and information in the application isn’t shared outside the school district.
“Families can feel at ease knowing their student can benefit from completing the application because the application is confidential and not shared to any other agency or organization,” Katie Cossette, St. Vrain’s Nutrition Services director said in a written statement.
Information on how to apply in Boulder Valley is available at food.bvsd.org/meals-nutrition/free-reduced-meals. Parents are asked to apply online, through Infinite Campus, using a computer.
Those without access to a computer or who would like assistance can visit the Culinary Center for in-person support from 7 a.m. to 3 p.m. Monday through Thursday. The Culinary Center is located at 6500 Arapahoe Road, Boulder. Paper applications also are available at the Culinary Center or by special request from schools.
Additional support will be available at the BVSD Enrollment Help Center from 9 a.m. to 4 p.m. on Aug. 11, 12, 13, 15 and 16. The Help Center is at the southwest entrance of the BVSD Education Center, 6500 Arapahoe Ave.
For questions or application support, contact Lola Campos-Herzfeld at dolores.campos-herzf@bvsd.org or 720-561-5942.
Information on how to apply in St. Vrain Valley is available at svvsd.org/departments/operations-maintenance/nutrition/free-reduced-meals/. St. Vrain encourages families to apply online through myschoolapps.com.
To request a paper application or for questions, contact Sandra Melara at melara_sandra@svvsd.org or 303-702-7793. | https://www.dailycamera.com/2022/07/26/bvsd-svvsd-urge-families-to-apply-for-free-reduced-lunch/ | 2022-07-26T21:37:46Z | https://www.dailycamera.com/2022/07/26/bvsd-svvsd-urge-families-to-apply-for-free-reduced-lunch/ | true |
PORTLAND, Ore., July 26, 2022 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, will release its second quarter 2022 financial results on August 10, 2022, after market close. Todd DeBonis, President and CEO, and Haley Aman, CFO, will host a conference call at 2:00 p.m. Pacific Time to discuss the Company's financial results.
Analysts and investors are invited to join the Company's conference call using the following information:
What: Second Quarter 2022 Earnings Conference Call
When: Wednesday, August 10, 2022
Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)
Live Webcast Link: Click Here
Dial-in Participant Registration Link: Click Here
Advanced registration is required for dial-in participants. Please complete the linked registration form above to receive a dial-in number and dedicated PIN for accessing the conference call. A live and archived audio webcast of the conference call will also be accessible via the investors section of Pixelworks' website: www.pixelworks.com.
Pixelworks provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The Company has more than 20-years of history delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services. For more information, please visit the Company's web site at www.pixelworks.com.
Note: Pixelworks and the Pixelworks logo are registered trademarks of Pixelworks, Inc.
View original content to download multimedia:
SOURCE Pixelworks, Inc. | https://www.cleveland19.com/prnewswire/2022/07/26/pixelworks-announce-second-quarter-2022-financial-results-august-10/ | 2022-07-26T21:38:03Z | https://www.cleveland19.com/prnewswire/2022/07/26/pixelworks-announce-second-quarter-2022-financial-results-august-10/ | true |
CHAMBERSBURG, Pa., July 26, 2022 /PRNewswire/ -- Franklin Financial Services Corporation (NASDAQ: FRAF), the bank holding company of F&M Trust (the Bank), reported consolidated earnings of $3.6 million ($0.80 per diluted share) for the second quarter ended June 30, 2022. This result represents a 19% increase compared to net income of $3.0 million ($0.67 per diluted share) for the first quarter of 2022, and a 32% decrease compared to net income of $5.3 million ($1.19 per diluted share) for the second quarter ended June 30, 2021. Year-to-date 2022 net income was $6.6 million ($1.47 per diluted share) compared to $10.1 million ($2.28 per diluted share) for the same six-month period in 2021, a decrease of 35%.
A summary of operating results for the second quarter of 2022 and year-to-date 2022 are as follows:
- Net interest income was $12.1 million for the second quarter of 2022 compared to $10.8 million for the second quarter of 2021. The second quarter of 2021 included $746 thousand of PPP interest and fees compared to only $4 thousand for the second quarter of 2022. Year-to-date, net interest income was $22.9 million (including $388 thousand of PPP interest and fees) compared to $21.7 million for the same period in 2021 (including $1.6 million of PPP interest and fees). The net interest margin increased to 2.90% for the second quarter of 2022 from 2.82% for the same quarter of the prior year. On a year-to-date comparison, the net interest margin was 2.80% for 2022 compared to 2.92% in 2021. The yield on earning assets increased in the second quarter 2022 versus 2021 comparison (up 0.08%), but decreased year-over-year (down 0.14%). The increase in the second quarter yield on earning assets was primarily the result of Federal Reserve rate increases that began near the end of the first quarter of 2022 and continued through the second quarter. The year-to-date cost of interest-bearing deposits was 0.15% compared to 0.16% for 2021 while the cost of total deposits decreased from 0.13% in 2021 to 0.12% in 2022.
- Earning assets for the second quarter of 2022 averaged $1.7 billion compared to $1.6 billion for the same period in 2021, and year-to-date average earnings assets increased 10% from $1.5 billion to $1.7 billion. Year-to-date the average balance of interest-earning cash increased $72.3 million, and the investment portfolio increased $82.2 million. The average balance of the loan portfolio increased only $1.9 million for the first six months of 2022 compared to 2021. The growth in the year-to-date average balance of the loan portfolio was negatively affected by a decrease of $53.8 million in the average balance of PPP loans over the comparative periods. The average balance of deposits for the year increased $179.9 million over the same period in 2021 with every deposit category increasing except for time deposits.
- There was no provision for loan loss expense for the second quarter and year-to-date periods of 2022. In 2021, the provision for loan loss expense was a reversal of $1.1 million for the second quarter and a reversal of $1.9 million for the first six months of 2021. During 2020, the allowance for loan loss was increased through the provision expense due to increased economic uncertainty stemming from the pandemic. As these risks lessened in 2021, loans reserves were released via a reversal in the provision for loan loss. With relatively unchanged net loan balances since year-end 2021 and stable credit quality indicators, it was determined no additional provision expense was needed during the first half of the year. The allowance for loan loss ratio was 1.45% of gross loans as of June 30, 2022, compared to 1.51% at December 31, 2021.
- Noninterest income totaled $4.1 million for the second quarter of 2022 compared to $4.5 million in the second quarter of 2021. Year-to-date, noninterest income decreased $740 thousand (8.5%) to $8.0 million compared to $8.7 million the prior year. The largest increases year-over-year were in Investment and Trust Services fees (up $204 thousand) and deposit service charges (up $319 thousand) primarily from a new product introduced in the third quarter of 2021. These increases were more than offset by a decrease of $828 thousand in gains on sale as mortgage originations have slowed in 2022.
- Noninterest expense for the second quarter of 2022 was $12.0 million compared to $10.1 million for the second quarter of 2021. Year-to-date, noninterest expense was $23.3 million compared to $20.3 million in 2021, an increase of 14.9%. The categories contributing to this increase were: salaries and benefits ($1.5 million), data processing ($581 thousand) and other expenses ($643 thousand). Salaries and benefits increased primarily in employee compensation, the increase in data processing is related to the implementation of a Customer Relationship Management system and other expenses increased comparatively due to a reversal of $636 thousand for an off-balance sheet liability during the second quarter of 2021.
Total assets at June 30, 2022 were $1.832 billion compared $1.774 billion at December 31, 2021. Significant balance sheet changes since December 31, 2021, include:
- Short-term interest-earning deposits in other banks increased $15.2 million. The amortized cost basis of the investment portfolio increased $28.6 million, however, the fair value of the portfolio decreased by $20.0 million due to higher interest rates.
- The net loan portfolio increased $35.9 million during 2022 over the year-end 2021 balance. The largest increase occurred in the commercial real estate portfolio ($40.0 million) which was partially offset by a decrease of $8.3 million in non-real estate commercial loans. The Bank held $215 thousand in PPP loans at June 30, 2022, a decrease of $7.6 million since year-end 2021, and all PPP fees have been recognized.
- Deposits increased $94.8 million (6.0%) over year-end 2021, with all deposit products showing an increase except time deposits. Interest-bearing checking accounts showed the largest increase ($67.1 million or 13.1%), primarily in commercial and municipal accounts.
- Shareholders' equity decreased $35.3 million since the end of 2021. Retained earnings increased $3.7 million, net of $2.8 million in dividend payments. Accumulated other comprehensive income (AOCI) decreased by $38.4 million as the fair value of the investment portfolio declined during the year due to higher interest rates. At June 30, 2022, the book value of the Corporation's common stock was $27.54 per share and the tangible book value was $25.50 per share. In December 2021, an open market repurchase plan was approved to repurchase 150,000 shares over a one-year period and 47,450 shares have been repurchased under the plan as of June 30, 2022.
"The value of being a diversified, community bank with strong customer relationships showed through in the second quarter as growing loan and deposit balances helped to improve net interest income and fee income grew from Investment and Trust services compared to the prior quarter. Despite the headwinds of a volatile stock market and the talk of recession, we remain focused on building shareholder value through the growth of the franchise and our capabilities," said Timothy G. Henry, President and CEO of Franklin Financial Services Corporation and F&M Trust. "On July 1 we opened our first Maryland office in Hagerstown. Later in the third quarter we anticipate implementing the Salesforce customer relationship management system throughout the bank. In order to accommodate future growth and improve operating efficiencies we will also be completing the consolidation of the executive, commercial, investment and trust, and operations teams, that had been spread across two separate buildings, into one new location in Chambersburg, PA. Through the balance of the year, we will continue to position ourselves to be able to ride through any broad economic issues that may arise while maintaining the ability to support our customers and take advantage of opportunities to enhance shareholder value as they become apparent to us."
On July 14, 2022, the Board of Directors of Franklin Financial Services Corporation declared a $0.32 per share regular quarterly cash dividend for the third quarter of 2022. This compares to a $0.32 per share regular cash dividend for the second quarter of 2022. The regular quarterly cash dividend for the third quarter of 2022 will be paid on August 24, 2022, to shareholders of record at the close of business on August 5, 2022.
Additional information on the Corporation is available on our website at: www.franklinfin.com/Presentations.
Franklin Financial is the largest independent, locally owned and operated bank holding company headquartered in Franklin County with assets of more than $1.8 billion. Its wholly-owned subsidiary, F&M Trust, has twenty-two community banking locations in Franklin, Cumberland, Fulton and Huntingdon Counties PA, and Washington County MD. Franklin Financial stock is trading on the Nasdaq Stock Market under the symbol FRAF. Please visit our website for more information, www.franklinfin.com.
Management considers subsequent events occurring after the balance sheet date for matters which may require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of a public company's consolidated financial statements when filed with the Securities and Exchange Commission ("SEC"). Accordingly, the financial information in this announcement is subject to change.
Certain statements appearing herein which are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements refer to a future period or periods, reflecting management's current views as to likely future developments, and use words "may," "will," "expect," "believe," "estimate," "anticipate," or similar terms. Because forward-looking statements involve certain risks, uncertainties and other factors over which Franklin Financial Services Corporation has no direct control, actual results could differ materially from those contemplated in such statements. These factors include (but are not limited to) the following: general economic conditions particularly with regard to the negative impact of severe, wide-ranging and continuing disruptions caused by the spread of the coronavirus COVID-19 pandemic and responses thereto, changes in interest rates, changes in the Corporation's cost of funds, changes in government monetary policy, changes in government regulation and taxation of financial institutions, impact of and changes in the rate of inflation, changes in technology, the intensification of competition within the Corporation's market area, and other similar factors.
We caution readers not to place undue reliance on these forward-looking statements. They only reflect management's analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and any Current Reports on Form 8-K.
GAAP versus non-GAAP Presentations – The Corporation supplements its traditional GAAP measurements with certain non-GAAP measurements to evaluate its performance and to eliminate the effect of intangible assets. By eliminating intangible assets (Goodwill), the Corporation believes it presents a measurement that is comparable to companies that have no intangible assets or to companies that have eliminated intangible assets in similar calculations. However, not all companies may use the same calculation method for each measurement. The non-GAAP measurements are not intended to be used as a substitute for the related GAAP measurements. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. In the event of such a disclosure or release, the Securities and Exchange Commission's Regulation G requires: (i) the presentation of the most directly comparable financial measure calculated and presented in accordance with GAAP and (ii) a reconciliation of the differences between the non-GAAP financial measure presented and the most directly comparable financial measure calculated and presented in accordance with GAAP. The following table shows the calculation of the non-GAAP measurements.
View original content:
SOURCE Franklin Financial Services Corporation | https://www.wbrc.com/prnewswire/2022/07/26/franklin-financial-reports-2022-q2-earnings-declares-dividend/ | 2022-07-26T21:38:10Z | https://www.wbrc.com/prnewswire/2022/07/26/franklin-financial-reports-2022-q2-earnings-declares-dividend/ | true |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.