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BETHESDA, Md., Aug. 4, 2022 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust ("REIT"), announced its operating results for the quarter ended June 30, 2022 ("2022 Quarter"). Total revenue for the 2022 Quarter increased to $60.3 million from $60.0 million for the quarter ended June 30, 2021 ("2021 Quarter"). Net income increased to $17.0 million for the 2022 Quarter from $16.1 million for the 2021 Quarter primarily due to (a) higher capitalized interest ($0.8 million), primarily due to the Twinbrook Quarter development project, (b) higher base rent at The Waycroft ($0.5 million), (c) lower depreciation and amortization of lease costs ($0.3 million), (d) higher parking income, net of expenses ($0.2 million) and (e) higher base rent, exclusive of The Waycroft ($0.2 million), partially offset by (f) higher general and administrative costs ($0.7 million) and (g) higher credit losses on operating lease receivables and corresponding reserves, net (collectively, $0.4 million). Net income available to common stockholders increased to $10.2 million ($0.43 per diluted share) for the 2022 Quarter from $9.9 million ($0.42 per diluted share) for the 2021 Quarter.
Same property revenue increased $0.3 million (0.5%) and same property operating income increased $0.2 million (0.3%) for the 2022 Quarter compared to the 2021 Quarter. We define same property revenue as total revenue minus the revenue of properties not in operation for the entirety of the comparable reporting periods. We define same property operating income as net income plus (a) interest expense, net and amortization of deferred debt costs, (b) depreciation and amortization of lease costs, (c) general and administrative expenses and (d) change in fair value of derivatives minus (e) gains on sale of property and (f) the results of properties not in operation for the entirety of the comparable periods. Shopping Center same property operating income for the 2022 Quarter totaled $33.9 million, a $0.2 million increase from the 2021 Quarter. Mixed-Use same property operating income totaled $11.6 million, a $0.1 million decrease from the 2021 Quarter. Reconciliations of (a) total revenue to same property revenue and (b) net income to same property operating income are attached to this press release.
As of June 30, 2022, 92.6% of the commercial portfolio was leased, compared to 92.5% at June 30, 2021. On a same property basis, 92.6% of the commercial portfolio was leased as of June 30, 2022, compared to 92.5% at June 30, 2021. As of June 30, 2022, the residential portfolio was 98.1% leased compared to 98.4% at June 30, 2021.
For the six months ended June 30, 2022 ("2022 Period"), total revenue increased to $122.4 million from $118.7 million for the six months ended June 30, 2021 ("2021 Period"). Net income increased to $34.5 million for the 2022 Period from $28.9 million for the 2021 Period. The increase in net income was primarily due to (a) higher capitalized interest ($1.9 million), primarily due to the Twinbrook Quarter development project, (b) higher base rent at The Waycroft ($1.4 million), (c) lower credit losses on operating lease receivables and corresponding reserves, net (collectively, $0.8 million), (d) lower depreciation and amortization of lease costs ($0.7 million), (e) higher base rent, exclusive of The Waycroft ($0.5 million), and (f) higher parking income, net of expenses ($0.4 million), partially offset by (g) higher general and administrative costs ($0.8 million). Net income available to common stockholders increased to $20.8 million ($0.87 per diluted share) for the 2022 Period compared to $17.4 million ($0.74 per diluted share) for the 2021 Period.
Same property revenue increased $3.7 million (3.1%) and same property operating income increased $3.1 million (3.6%) for the 2022 Period, compared to the 2021 Period. Shopping Center same property operating income increased $1.9 million (2.8%) and mixed-use same property operating income increased $1.3 million (5.9%). Shopping Center same property operating income increased primarily due to (a) lower credit losses on operating lease receivables and corresponding reserves, net (collectively, $0.8 million), (b) higher base rent ($0.8 million) and (c) higher percentage rent ($0.3 million). Mixed-use same property operating income increased primarily due to (a) higher base rent ($1.1 million) and (b) higher parking income, net of expenses ($0.4 million), partially offset by (c) lower recovery income, net of expenses ($0.4 million).
Funds from operations ("FFO") available to common stockholders and noncontrolling interests (after deducting preferred stock dividends) was $26.6 million ($0.80 and $0.78 per basic and diluted share, respectively) in the 2022 Quarter compared to $26.0 million ($0.82 and $0.79 per basic and diluted share, respectively) in the 2021 Quarter. FFO is a non-GAAP supplemental earnings measure which the Company considers meaningful in measuring its operating performance. A reconciliation of net income to FFO is attached to this press release. The increase in FFO available to common stockholders and noncontrolling interests was primarily the result of (a) higher capitalized interest ($0.8 million), primarily due to the Twinbrook Quarter development project, (b) higher base rent at The Waycroft ($0.5 million), (c) higher parking income, net of expenses ($0.2 million), and (d) higher base rent, exclusive of The Waycroft ($0.2 million), partially offset by (e) higher general and administrative costs ($0.7 million) and (f) higher credit losses on operating lease receivables and corresponding reserves, net (collectively, $0.4 million).
FFO available to common stockholders and noncontrolling interests (after deducting preferred stock dividends and the impact of preferred stock redemptions) increased to $53.6 million ($1.61 and $1.58 per basic and diluted share, respectively) in the 2022 Period from $48.7 million ($1.54 and $1.50 per basic and diluted share, respectively) in the 2021 Period. FFO available to common stockholders and noncontrolling interests increased primarily due to (a) higher capitalized interest ($1.9 million), primarily due to the Twinbrook Quarter development project, (b) higher base rent at The Waycroft ($1.4 million), (c) lower credit losses on operating lease receivables and corresponding reserves, net (collectively, $0.8 million), (d) higher base rent, exclusive of The Waycroft ($0.5 million), and (e) higher parking income, net of expenses ($0.4 million), partially offset by (f) higher general and administrative costs ($0.8 million).
Significant uncertainty remains around the long-term economic impact of the COVID-19 pandemic, which could have a material and adverse effect on or cause disruption to our business or financial condition, results from operations, cash flows and the market value and trading price of our securities.
As of July 31, 2022, payments by tenants of contractual base rent and operating expense and real estate tax recoveries totaled approximately 99% for the 2022 Quarter. For additional discussion of how the COVID-19 pandemic has impacted the Company's business, please see Part 1, Item 2 (Management's Discussion and Analysis of Financial Condition and Results of Operations) of our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
The following table summarizes the Company's consolidated total collections of the 2022 first and second quarter rent billings as of July 31, 2022:
Although we are and will continue to be actively engaged in rent collection efforts related to uncollected rent, and we continue to work with certain tenants who have requested rent deferrals, we can provide no assurance that such efforts or our efforts in future periods will be successful. As of June 30, 2022, approximately 78% of the amount of rent deferred, or approximately $7.1 million, has come due. Of the amount that has come due, $6.9 million, or approximately 97%, has been paid.
Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 61 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties. Approximately 85% of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, DC/Baltimore area.
Safe Harbor Statement
Certain matters discussed within this press release may be deemed to be forward-looking statements within the meaning of the federal securities laws. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. These factors include, but are not limited to, the risk factors described in our Annual Report on (i) Form 10-K for the year ended December 31, 2021 and (ii) our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 and include the following: (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the Company, (iv) the Company's ability to raise capital by selling its assets, (v) changes in governmental laws and regulations and management's ability to estimate the impact of such changes, (vi) the level and volatility of interest rates and management's ability to estimate the impact thereof, (vii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with our expectations, (viii) increases in operating costs, (ix) changes in the dividend policy for the Company's common and preferred stock and the Company's ability to pay dividends at current levels, (x) the reduction in the Company's income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xi) impairment charges, (xii) unanticipated changes in the Company's intention or ability to prepay certain debt prior to maturity and (xiii) an epidemic or pandemic (such as the outbreak and worldwide spread of COVID-19), and the measures that international, federal, state and local governments, agencies, law enforcement and/or health authorities implement to address it, which may (as with COVID-19) precipitate or exacerbate one or more of the above-mentioned and/or other risks, and significantly disrupt or prevent us from operating our business in the ordinary course for an extended period. Given these uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements that we make, including those in this press release. Except as may be required by law, we make no promise to update any of the forward-looking statements as a result of new information, future events or otherwise. You should carefully review the risks and risk factors included in (i) our Annual Report on Form 10-K for the year ended December 31, 2021 and (ii) our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.
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SOURCE Saul Centers, Inc. | https://www.kwch.com/prnewswire/2022/08/04/saul-centers-inc-reports-second-quarter-2022-earnings/ | 2022-08-04T21:57:15Z | https://www.kwch.com/prnewswire/2022/08/04/saul-centers-inc-reports-second-quarter-2022-earnings/ | true |
SAN DIEGO (AP) _ Neurocrine Biosciences Inc. (NBIX) on Thursday reported a second-quarter loss of $16.9 million, after reporting a profit in the same period a year earlier.
The San Diego-based company said it had a loss of 18 cents per share.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The biopharmaceutical company posted revenue of $378.2 million in the period, beating Street forecasts. Twelve analysts surveyed by Zacks expected $340.6 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NBIX at https://www.zacks.com/ap/NBIX | https://www.sfgate.com/business/article/Neurocrine-Q2-Earnings-Snapshot-17352138.php | 2022-08-04T21:57:33Z | https://www.sfgate.com/business/article/Neurocrine-Q2-Earnings-Snapshot-17352138.php | true |
- For the six months ended June 30, 2022, net income attributable to Icahn Enterprises was $195 million, or $0.64 per depositary unit. For the six months ended June 30, 2021, net income attributable to Icahn Enterprises was $26 million, or $0.10 per depositary unit. For the six months ended June 30, 2022, Adjusted EBITDA attributable to Icahn Enterprises was $742 million compared to $627 million for the six months ended June 30, 2021
- Second quarter net loss attributable to IEP was $128 million with Adjusted EBITDA attributable to IEP of $126 million. This represents an improvement of $8 million of net loss attributable to IEP and a decrease of $66 million of Adjusted EBITDA attributable to IEP compared to Q2 2021
- Indicative Net Asset Value increased to $6.6 billion as of June 30, 2022, an increase of $1.5 billion compared to December 31, 2021. The change in indicative net asset value includes, among other things, changes in the fair value of certain subsidiaries which are not included in our GAAP earnings
- Board approves quarterly distribution of $2.00 per depositary unit (the 69th consecutive quarterly distribution since 2005)
SUNNY ISLES BEACH, Fla., Aug. 4, 2022 /PRNewswire/ -- Icahn Enterprises L.P. (Nasdaq:IEP) believes activism is the best paradigm for investing. We are putting our activist principles into effect at our majority-controlled companies as well as the minority positions held in our investment segment, and currently have representatives on fourteen public company boards. Additionally, we believe strongly in hedging our positions to mitigate risk, especially in markets that we are living in today.
Icahn Enterprises L.P. is reporting revenues of $7.6 billion and net income attributable to Icahn Enterprises of $195 million, or $0.64 per depositary unit, for the six months ended June 30, 2022. For the six months ended June 30, 2021, revenues were $6.4 billion and net income attributable to Icahn Enterprises was $26 million, or $0.10 per depositary unit. Adjusted EBITDA attributable to Icahn Enterprises was $742 million for the six months ended June 30, 2022, compared to $627 million for the six months ended June 30, 2021.
Second quarter 2022 revenues were $3.5 billion and net loss attributable to Icahn Enterprises was $128 million, or a loss of $0.41 per depositary unit. For the three months ended June 30, 2021, revenues were $3.0 billion and net loss attributable to Icahn Enterprises was $136 million, or a loss of $0.53 per depositary unit. For the three months ended June 30, 2022, Adjusted EBITDA attributable to Icahn Enterprises was $126 million compared to $192 million for the three months ended June 30, 2021.
For the six months ended June 30, 2022, indicative net asset value increased by $1.5 billion to $6.6 billion. The change in indicative net asset value includes, among other things, changes in the fair value of certain subsidiaries which are not included in our GAAP earnings reported above.
On August 3, 2022, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $2.00 per depositary unit, which will be paid on or about September 28, 2022, to depositary unitholders of record at the close of business on August 19, 2022. Depositary unitholders will have until September 16, 2022, to make a timely election to receive either cash or additional depositary units. If a unitholder does not make a timely election, it will automatically be deemed to have elected to receive the distribution in additional depositary units. Depositary unitholders who elect to receive (or who are deemed to have elected to receive) additional depositary units will receive units valued at the volume weighted average trading price of the units during the five consecutive trading days ending September 23, 2022. Icahn Enterprises will make a cash payment in lieu of issuing fractional depositary units to any unitholders electing to receive (or who are deemed to have elected to receive) depositary units.
Icahn Enterprises L.P., a master limited partnership, is a diversified holding company owning subsidiaries currently engaged in the following continuing operating businesses: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion and Pharma.
Caution Concerning Forward-Looking Statements
Results for any interim period are not necessarily indicative of results for any full fiscal period. This release may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Icahn Enterprises and its subsidiaries. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors, including risks related to economic downturns, substantial competition and rising operating costs; risks related to the severity, magnitude and duration of the COVID-19 pandemic and its impact on the global economy, financial markets and industries in which our subsidiaries operate; the impacts from the
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conflict, including economic volatility and the impacts of export controls and other economic sanctions
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risks related to our investment activities, including the nature of the investments made by the private funds in which we invest, declines in the fair value of our investments as a result of the COVID-19 pandemic, losses in the private funds and loss of key employees; risks related to our ability to continue to conduct our activities in a manner so as to not be deemed an investment company under the Investment Company Act of 1940, as amended; risks related to our energy business, including the volatility and availability of crude oil, other feed stocks and refined products, declines in global demand for crude oil, refined products and liquid transportation fuels as a result of the COVID-19 pandemic, unfavorable refining margin (crack spread), interrupted access to pipelines, significant fluctuations in nitrogen fertilizer demand in the agricultural industry and seasonality of results; risks related to our automotive activities and exposure to adverse conditions in the automotive industry, including as a result of the COVID-19 pandemic; risks related to our food packaging activities, including competition from better capitalized competitors, inability of our suppliers to timely deliver raw materials, and the failure to effectively respond to industry changes in casings technology; supply chain issues; inflation, including increased costs of raw materials and shipping, including as a result of the
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conflict; labor shortages and workforce availability; risks related to our real estate activities, including the extent of any tenant bankruptcies and insolvencies; risks related to our home fashion operations, including changes in the availability and price of raw materials, and changes in transportation costs and delivery times; and other risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission. Additionally, there may be other factors not presently known to us or which we currently consider to be immaterial that may cause our actual results to differ materially from the forward-looking statements. Past performance in our Investment segment is not indicative of future performance. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise.
Use of Non-GAAP Financial Measures
The Company uses certain non-GAAP financial measures in evaluating its performance. These include non-GAAP EBITDA and Adjusted EBITDA. EBITDA represents earnings from continuing operations before interest expense, income tax (benefit) expense and depreciation and amortization. We define Adjusted EBITDA as EBITDA excluding certain effects of impairment, restructuring costs, certain pension plan expenses, gains/losses on disposition of assets, gains/losses on extinguishment of debt and certain other non-operational charges. We present EBITDA and Adjusted EBITDA on a consolidated basis and on a basis attributable to Icahn Enterprises net of the effects of non-controlling interests. We conduct substantially all of our operations through subsidiaries. The operating results of our subsidiaries may not be sufficient to make distributions to us. In addition, our subsidiaries are not obligated to make funds available to us for payment of our indebtedness, payment of distributions on our depositary units or otherwise, and distributions and intercompany transfers from our subsidiaries to us may be restricted by applicable law or covenants contained in debt agreements and other agreements to which these subsidiaries currently may be subject or into which they may enter into in the future. The terms of any borrowings of our subsidiaries or other entities in which we own equity may restrict dividends, distributions or loans to us.
We believe that providing EBITDA and Adjusted EBITDA to investors has economic substance as these measures provide important supplemental information of our performance to investors and permits investors and management to evaluate the core operating performance of our business without regard to interest, taxes and depreciation and amortization and certain effects of impairment, restructuring costs, certain pension plan expenses, gains/losses on disposition of assets, gains/losses on extinguishment of debt and certain other non-operational charges. Additionally, we believe this information is frequently used by securities analysts, investors and other interested parties in the evaluation of companies that have issued debt. Management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing our operating results, as well as in planning, forecasting and analyzing future periods. Adjusting earnings for these charges allows investors to evaluate our performance from period to period, as well as our peers, without the effects of certain items that may vary depending on accounting methods and the book value of assets. Additionally, EBITDA and Adjusted EBITDA present meaningful measures of performance exclusive of our capital structure and the method by which assets were acquired and financed.
EBITDA and Adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation, or as substitutes for analysis of our results as reported under generally accepted accounting principles in the United States, or U.S. GAAP. For example, EBITDA and Adjusted EBITDA:
- do not reflect our cash expenditures, or future requirements for capital expenditures, or contractual commitments;
- do not reflect changes in, or cash requirements for, our working capital needs; and
- do not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments on our debt.
Although depreciation and amortization are non-cash charges, the assets being depreciated or amortized often will have to be replaced in the future, and EBITDA and Adjusted EBITDA do not reflect any cash requirements for such replacements. Other companies in the industries in which we operate may calculate EBITDA and Adjusted EBITDA differently than we do, limiting their usefulness as comparative measures. In addition, EBITDA and Adjusted EBITDA do not reflect the impact of earnings or charges resulting from matters we consider not to be indicative of our ongoing operations.
EBITDA and Adjusted EBITDA are not measurements of our financial performance under U.S. GAAP and should not be considered as alternatives to net income or any other performance measures derived in accordance with U.S. GAAP or as alternatives to cash flow from operating activities as a measure of our liquidity. Given these limitations, we rely primarily on our U.S. GAAP results and use EBITDA and Adjusted EBITDA only as a supplemental measure of our financial performance.
Use of Indicative Net Asset Value Data
The Company uses indicative net asset value as an additional method for considering the value of the Company's assets, and we believe that this information can be helpful to investors. Please note, however, that the indicative net asset value does not represent the market price at which the depositary units trade. Accordingly, data regarding indicative net asset value is of limited use and should not be considered in isolation.
The Company's depositary units are not redeemable, which means that investors have no right or ability to obtain from the Company the indicative net asset value of units that they own. Units may be bought and sold on The Nasdaq Global Select Market at prevailing market prices. Those prices may be higher or lower than the indicative net asset value of the depositary units as calculated by management.
See below for more information on how we calculate the Company's indicative net asset value.
Investor Contact:
Ted Papapostolou, Chief Financial Officer
(305) 422-4100
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SOURCE Icahn Enterprises L.P. | https://www.kfyrtv.com/prnewswire/2022/08/04/icahn-enterprises-lp-reports-second-quarter-2022-financial-results/ | 2022-08-04T21:57:36Z | https://www.kfyrtv.com/prnewswire/2022/08/04/icahn-enterprises-lp-reports-second-quarter-2022-financial-results/ | true |
Alex Jones ordered to pay Sandy Hook parents more than $4M
A Texas jury on Thursday ordered conspiracy theorist Alex Jones to pay more than $4 million in compensatory damages to the parents of a 6-year-old boy who was killed in the Sandy Hook Elementary School massacre, marking the first time the Infowars host has been held financially liable for repeatedly claiming the deadliest school shooting in U.S. history was a hoax.
The Austin jury must still decide how much the Infowars host must pay in punitive damages to Neil Heslin and Scarlett Lewis, whose son Jesse Lewis was among the 20 children and six educators who were killed in the 2012 attack in Newtown, Connecticut.
The parents had sought at least $150 million in compensation for defamation and intentional infliction of emotional distress. Jones' attorney asked the jury to limit damages to $8 — one dollar for each of the compensation charges they are considering — and Jones himself said any award over $2 million "would sink us."
It likely won't be the last judgment against Jones over his claims that the attack was staged in the interests of increasing gun controls. A Connecticut judge has ruled against him in a similar lawsuit brought by other victims' families and an FBI agent who worked on the case.
The Texas award could set a marker for other cases against Jones and underlines the financial threat he's facing. It also raises new questions about the ability of Infowars — which has been banned from YouTube, Spotify and Twitter for hate speech — to continue operating, although the company's finances remain unclear.
Jones conceded during the trial that the attack was real and that he was wrong to have lied about it. But Heslin and Lewis told jurors that an apology wouldn't suffice and called on them to make Jones pay for the years of suffering he has put them and other Sandy Hook families through.
Jones' media company Free Speech Systems, which is Infowars' parent company, filed for bankruptcy during the two-week trial. | https://www.wmur.com/article/alex-jones-ordered-pay-sandy-hook-parents-more-than-4m/40811704 | 2022-08-04T21:58:10Z | https://www.wmur.com/article/alex-jones-ordered-pay-sandy-hook-parents-more-than-4m/40811704 | false |
Nation's Largest Mall Marks 30th Birthday Celebration with National STEAM Event
BLOOMINGTON, Minn., Aug. 4, 2022 /PRNewswire/ -- Mall of America, the largest retail and entertainment complex in the United States, is celebrating 30 years on Aug. 11. Since 1992, Mall of America has pioneered an incredible retail, dining, and entertainment experience, becoming one of the nation's most visited attractions with more than 1.3 billion guests from every state across the United States and every continent in the world.
"As we celebrate Mall of America's 30th birthday, we're also celebrating the many people, businesses and organizations who have helped make it an iconic destination," says Jill Renslow, executive vice president of Mall of America. "Since Day One, Mall of America has exceeded expectations, and we're excited to continue doing just that for years to come."
Mall of America continues to be an innovator in delivering incredible retail, dining and entertainment since its doors first opened three decades ago. Its 5.6 million square feet is home to more than 520 world-class retail stores and restaurants; Nickelodeon Universe, the nation's largest indoor theme park; SEA LIFE Minnesota Aquarium; FlyOver America; Crayola Experience; The Escape Game; two hotels and more.
As part of Mall of America's 30th Birthday Celebration, Mall of America is proud to be partnering with The National Center for Autonomous Technologies (NCAT), the National Science Foundation (NSF), Northland Community and Technical College, and the colleges and universities of Minnesota State to present Experience STEAM, an interactive indoor and outdoor mall-wide event that aims to inspire youth by showcasing a variety of STEAM (Science, Technology, Engineering, Arts, Mathematics) careers in action Aug. 10-14.
"We are honored to be the host site for Experience STEAM," said Renslow. "To host this event during our 30th birthday is especially fitting because over the past three decades, Mall of America has continuously innovated to be a place where children, families and all generations can think big and be inspired. From challenging the very definition of what a mall can be, to offering thousands of creative and technical careers, we're excited to showcase our innovation in action for the next generation."
Parents and kids of all ages are encouraged to participate in this free hands-on experience that will include a STEAM carnival, robotics competition, drone racing, workshops and much more.
"Experience STEAM is a revolutionary approach to educational outreach. NCAT believes experiential learning provided by two-year technician education is a driving force in advancing social and economic mobility," says Jonathan Beck, Executive Director and PI, NCAT. "Our team is focused on creating accessible pathways to technician education to anyone who wants it. Our dream is that Experience STEAM will offer life changing opportunities to connect people to education using hands-on learning. With thoughtful collaboration, we can spark the imaginations of our nation's future skilled technical workforce."
As part of the birthday festivities and continuing a 30-year tradition, Mall of America will be celebrating with mall guests with a cupcake giveaway, as well as other special prizes including a chance to pick up an exclusive custom Pepsi® can designed by Minnesota's own Adam Turman, while supplies last.
Since opening, Mall of America has hosted more than 10,000 events including everything from celebrity appearances such as The Beach Boys with John Stamos, Ringo Starr, NSYNC, and Mariah Carey performing live in the Rotunda for The Today Show, to the casts of Glee and Twilight, to Tim Gunn and Sarah Jessica Parker, to Grumpy Cat.
For more on Mall of America's 30th birthday go to https://www.mallofamerica.com/birthday
For more on Experience Steam please visit https://ncatech.org/experience-steam/
For more on Northland College, visit https://www.northlandcollege.edu/
ABOUT MALL OF AMERICA®
At 5.6 million square feet, Mall of America is the largest shopping and entertainment complex in North America with more than 520 world-class retail stores and restaurants; Nickelodeon Universe, the nation's largest indoor theme park; SEA LIFE Minnesota Aquarium; FlyOver America; Crayola Experience; The Escape Game; more. The Mall opened in 1992 and is located in Bloomington, Minn., minutes from downtown Minneapolis and St. Paul and adjacent to the MSP International Airport. Follow Mall of America on Facebook, Twitter and Instagram. Download the Mall of America app from the App Store for iOS or Google Play for Android.
ABOUT NCAT
The National Center for Autonomous Technologies (NCAT) was formulated through the National Science Foundation's Advanced Technological Education (NSF ATE) program. As the first national ATE center in autonomous technologies, NCAT is crafting, adapting, and implementing educational resources and serves as a resource hub for evidence-based research on the knowledge and skills needed to meet workforce demands while increasing the quality and diversity of the highly skilled technical workforce.
Contact: Dan Jasper 952.240.9306
dan.jasper@moa.net
Madison Amland 612.274.0884
madison.amland@moa.net
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SOURCE Mall of America | https://www.kfyrtv.com/prnewswire/2022/08/04/mall-america-celebrates-30-years-retail-entertainment-innovation/ | 2022-08-04T21:58:16Z | https://www.kfyrtv.com/prnewswire/2022/08/04/mall-america-celebrates-30-years-retail-entertainment-innovation/ | true |
Lady A postpones tour as member Charles Kelley starts 'journey to sobriety'
Video above: Lady Antebellum sues Lady A over name change
Lady A has postponed their upcoming tour as band member Charles Kelley begins "a journey to sobriety," according to a statement released by the country group.
Hillary Scott, Dave Haywood and Kelley said in a statement on social media that the decision to push their Request Line Tour to next year was "hard but important."
"We are a band, but more importantly...we're family," the statement said. "We're proud to say that Charles has embarked on a journey to sobriety. So, right now in order to be the healthiest, strongest and most creative band we can be, Lady A will take the time with the support of our families and team of professionals to walk through this together. It's early on this road, but we are determined to do what will best set us up for many more years together. We're grateful for your patience."
The group concluded the statement with, "This update is coming in real-time, but in the coming days, your point of purchase will be in touch with new ticket information. We're looking forward to making 2023 our best year yet!"
Lady A's next scheduled date was on August 20 in Memphis, according to the band's website. | https://www.wmur.com/article/lady-a-postpones-tour-charles-kelley-journey-to-sobriety/40811171 | 2022-08-04T21:58:41Z | https://www.wmur.com/article/lady-a-postpones-tour-charles-kelley-journey-to-sobriety/40811171 | false |
Schumer plans first vote on Democrats’ economic bill as negotiators court Sinema
By Ali Zaslav and Manu Raju, CNN
Senate Majority Leader Chuck Schumer on Thursday announced that the Senate will reconvene on Saturday and plan to take the first procedural vote to proceed to the Democrats’ climate and health care bill.
Schumer’s announcement comes as negotiators try to lock in the votes of all 50 members of the Democratic caucus — most notably Democratic Sen. Kyrsten Sinema of Arizona, who has privately expressed concerns about taxes attached to the package and is seeking to add billions in funds for her to fight a drought in the Southwest.
A simple majority is required for Saturday’s motion to proceed vote. After that vote, there would be up to 20 hours of debate. Following the debate time, there would be a process colloquially referred to on Capitol Hill as “vote-a-rama,” which is the marathon series of amendment votes with no time limit.
Democrats are trying to wrap up negotiations and pass their economic passage before leaving town for a month-long August recess. The bill still needs to be approved by the Senate parliamentarian in order to advance under the rules surrounding reconciliation, which would allow the legislation to be passed by a simple majority.
It’s unclear when the parliamentarian, Elizabeth MacDonough, will announce her decision on the package. A Democratic aide told CNN that the Senate Finance Committee’s energy provisions — most notably the clean energy credits — are scheduled to go in front of the Senate parliamentarian on Friday.
Schumer announced a deal with West Virginia Sen. Joe Manchin last week that contains a number of key goals for the party on health care costs, taxes and combating the climate crisis. While many details have not been disclosed, the measure would invest $369 billion into energy and climate change programs, with the goal of reducing carbon emissions by 40% by 2030, according to a one-page fact sheet. For the first time, Medicare would be empowered to negotiate the prices of certain medications, and it would cap out-of-pocket costs at $2,000 for those enrolled in Medicare drug plans. It would also extend expiring enhanced subsidies for Affordable Care Act coverage for three years.
CNN reported earlier Thursday that Sinema is seeking to add $5 billion to help the Southwest cope with its multi-year drought to the package as she mulls whether to support the deal.
Sinema has also privately expressed concerns about the impact that the 15% corporate minimum tax will have on manufacturers including in her state, according to two sources familiar with the matter.
At issue are changes proposed by Democrats on bonus depreciation that the GOP enacted in the 2017 tax law, which allows companies to deduct 100% of the cost of an asset the year it is placed in service. The new legislation proposes to phase that down starting next year. Manufacturers, in particular, have been deeply concerned about how that change will impact their bottom lines — and CNN reported that was a key issue that came up in a private call Sinema had earlier this week with business groups.
Her office declined to comment.
It’s unclear how Democrats will make changes to mollify Sinema, since removing that provision would cost about $84 billion, Democratic sources say. Sinema has also been concerned about the proposed tax on carried interest, which would impact private equity and hedge fund managers, which would raise about $14 billion.
The development underscores the tricky situation Democrats are in for the next several days: Manchin wants to make sure it maintains $300 billion in deficit savings. Changing the revenue portion of the bill would impact deficit savings.
Sinema has not said if she would vote to proceed to the legislation on Saturday afternoon.
This story and headline have been updated with additional developments Thursday.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Ella Nilsen contributed to this report. | https://kion546.com/politics/cnn-us-politics/2022/08/04/schumer-plans-first-vote-on-democrats-economic-bill-for-saturday/ | 2022-08-04T21:59:43Z | https://kion546.com/politics/cnn-us-politics/2022/08/04/schumer-plans-first-vote-on-democrats-economic-bill-for-saturday/ | false |
Program Resettles Over 180 Refugees and 50 Families in the United States
TYSONS, Va., Aug. 4, 2022 /PRNewswire/ -- The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, is proud to announce its Afghan Rescue and Resettlement Program (ARRP) has helped 50 families and over 180 refugees resettle in the United States as the nation enters the one-year anniversary of the dramatic fall of Kabul, Afghanistan. The program was founded in November 2021 to assist refugees who are proven to have supported our country's values in exemplary ways, with a particular focus on resettling Afghan women soldiers and their families who worked alongside U.S. Army women soldiers through the Army's Cultural Support Team (CST).
These Afghan women soldiers were crucial to supporting the U.S. as they worked to hunt the Taliban during night raids and to gather valuable intelligence from other women in remote villages.
"The war in Afghanistan may officially be over, but the sisterhood developed between the American and Afghan women soldiers who served together certainly is not," said Rebekah Edmondson, program manager for the PenFed Foundation's ARRP and a U.S. Army CST veteran. "The group of women I served alongside during my four deployments to Afghanistan were remarkable and they deserve our support."
A video of Rebekah telling her story can be found here.
The ARRP raises funds to provide food, clothing, housing, transportation, childcare, English classes, job training and other services to the Afghan refugees as they resettle in communities across America. Those interested in making a difference for these Afghan allies as they make their long and arduous resettlement, are encouraged to visit the ARRP website to learn more.
About PenFed Foundation
Founded in 2001, the PenFed Foundation is a national nonprofit organization committed to empowering military service members, veterans and their communities with the skills and resources to realize financial stability and opportunity. It provides service members, veterans, their families and support networks with the skills and resources they need to improve their lives through programs on financial education, homeownership, veteran entrepreneurship, and short-term assistance. Affiliated with PenFed Credit Union, the Foundation has the resources to effectively reach military communities across the nation, build strong partnerships, and engage a dedicated corps of volunteers in its mission. The credit union funds the Foundation's personnel and most operational costs, demonstrating its strong commitment to the programs the Foundation provides. Equal Housing Opportunity. To learn more, visit www.penfedfoundation.org.
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SOURCE PenFed Foundation | https://www.wlbt.com/prnewswire/2022/08/04/penfed-foundations-afghan-rescue-resettlement-program-steps-up-afghan-women-heroes-who-served-alongside-us-service-members/ | 2022-08-04T22:01:31Z | https://www.wlbt.com/prnewswire/2022/08/04/penfed-foundations-afghan-rescue-resettlement-program-steps-up-afghan-women-heroes-who-served-alongside-us-service-members/ | false |
- Consolidates Parkland's ownership of Sol to 100 percent, simplifying corporate structure
- Increases the Simpson Group's ownership of Parkland to 19.54 percent, demonstrating its long-term confidence in Parkland, its management team and growth strategy
- On a trailing 12-month basis, adds approximately $110 million of annual Adjusted EBITDA to Parkland's International Segment
CALGARY, AB, Aug. 4, 2022 /PRNewswire/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI) announced it has entered into a share exchange agreement with Simpson Oil Limited ("Simpson Oil"), to exchange Simpson Oil's remaining 25 percent of Sol Investments SEZC ("Sol") for 20 million common shares ("Parkland Shares") in the capital of Parkland (the "Share Exchange"). Following the completion of the Share Exchange, Parkland will hold 100 percent of the securities of Sol, a proven international growth platform which spans 23 countries in the Caribbean region and South America.
"We are excited to have the Simpson family expand their ownership in Parkland," said Bob Espey, President and Chief Executive Officer. "We value the Simpson's confidence in our growth strategy and long-term vision and are grateful for their ongoing support for the Parkland team. We are consolidating our ownership of Sol in a way that is immediately accretive to shareholders."
Simpson Oil has been a Parkland shareholder since 2017 and has grown its shareholding to beneficially own, directly or indirectly, or exercise control or direction over, approximately 14.4 million Parkland Shares, representing 9.24 percent of the issued and outstanding Parkland Shares on a non-diluted basis. Following completion of the Share Exchange, Simpson Oil and, if applicable, its affiliates (collectively, the "Simpson Group") will own approximately 34.4 million Parkland Shares, representing 19.54 percent of the issued and outstanding Parkland Shares on a pro-forma, non-diluted basis.
"We are delighted to expand our ownership in Parkland," said Sir Kyffin Simpson CBE, and founder of Simpson Oil. "We have tremendous confidence in the Company, its management team and its bright future. We look forward to participating in its continued success as a long-term supportive shareholder with an investment horizon through the next decade and beyond."
- Immediately accretive to all Parkland shareholders on a leverage neutral basis
- 20 million Parkland Shares to be issued at the prevailing share price
- Share Exchange valuation consistent with the terms of the put and call options (defined below)
- Supportive shareholder with a long-term investment horizon
- Simplifies Parkland's corporate structure and reporting
The Share Exchange is expected to close in 2022, subject to the approval of the Toronto Stock Exchange ("TSX") and receipt of any other required regulatory approvals. Concurrently with completing the Share Exchange, the put and call options available to Simpson Oil and Parkland, respectively, with respect to the remaining 25 percent of shares of Sol ("put and call options") shall be terminated.
Parkland's purpose is to Power Journeys and Energize Communities. We serve essential needs in our communities, providing our customers with the fuels they depend on to get around, quality foods and convenience items, while helping them achieve their goals of lowering their environmental impact. Through our portfolio of trusted and locally relevant brands, we serve well over one million customers per day across Canada, the United States, the Caribbean region and Central and South America.
In addition to leveraging our supply and storage capabilities to provide the fuels our diverse customers depend on; we are leading our customers through the energy transition. From electric vehicle charging, renewable fuels, solar energy and compliance and carbon offset trading, we are leaders in helping our customers lower their environmental impact.
Parkland's proven strategy is centered around organic growth, our supply advantage, acquiring prudently, and integrating successfully. We are focused on developing our existing business in resilient markets, growing, and diversifying our retail business into food, convenience, and renewable energy solutions and helping our commercial customers decarbonize their operations. Our strategy is underpinned by our people, as well as our values of safety, integrity, community, and respect, which are deeply embedded across our organization.
Certain statements contained in this news release constitute forward-looking information and statements (collectively, "forward-looking statements"). When used in this news release the words "expect", "will", "continue", "strategy", "focus" and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things: the completion of the Share Exchange and the timing thereof; expected benefits of the Share Exchange; Simpson Oil's future expectations for Parkland and its future shareholding position, including its investment horizon of more than a decade; Parkland's business objectives, projects and plans and the execution and impact thereof; leading customers through the energy transition and helping them lower their environmental impact; Parkland's strategy centered around organic growth, supply advantage, acquiring prudently and integrating successfully; and Parkland's focus on developing its existing business, growing and diversifying its retail business and helping commercial customers decarbonize their operations.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as may be required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to: failure to complete the Share Exchange; failure to satisfy the conditions to closing of the Share Exchange, including receiving approval from the TSX and other required regulatory approvals; failure to realize all or any of the anticipated benefits of the Share Exchange; general economic, market and business conditions; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" included in Parkland's Revised Annual Information Form dated March 17, 2022, and "Forward-Looking Information" and "Risk Factors" included in the Q2 2022 MD&A dated August 4, 2022 and the Q4 2021 MD&A dated March 3, 2022, each filed on SEDAR and available on the Parkland website at www.parkland.ca.
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SOURCE Parkland Corporation | https://www.cleveland19.com/prnewswire/2022/08/04/parkland-consolidate-its-international-segment-agrees-share-exchange-remaining-25-percent-sol/ | 2022-08-04T22:02:16Z | https://www.cleveland19.com/prnewswire/2022/08/04/parkland-consolidate-its-international-segment-agrees-share-exchange-remaining-25-percent-sol/ | false |
Are you shoe that's enough? Women take an average of SIX pairs of footwear with them on holiday, survey shows
- 3 in 4 women admitted admitted taking five or more pairs of shoes on holiday
- However only one third of women who packed high heels actually wore them
- 68% of men take just three pairs of shoes: trainers, flip-flops and casual shoes
When packing shoes for holiday, you might think a pair and a spare will do.
But, in a feat that defies strict luggage allowance, women take an average of six pairs – and then don't bother wearing them.
Shoes are the most commonly packed item left unworn on holiday. But women are the worst culprits, taking double the number of pairs as men, who make do with three.
Three in four women who answered a survey admitted taking five or more pairs away, but only a third of those who packed high heels actually wore them.
Three in four women who answered a survey admitted taking five or more pairs away, but only a third of those who packed high heels actually wore them
On average, they packed one pair for the pool, one for casualwear, three for the evening and a pair of trainers for travelling.
Meanwhile 68 per cent of men manage with three pairs, according to the survey for shoe brand Hotter Shoes – favouring trainers for the flight, flip-flops for lounging and a pair of casual shoes.
Younger women are the worst culprits for taking too many pairs of shoes, with one in three (34 per cent) of those aged 18 to 30 admitting they have persuaded partners or friends to pack additional pairs for them in their suitcases.
Other items regularly taken but seldom used include an additional handbag, knitwear and toiletries.
Victoria Betts, chief commercial officer at Hotter, said: 'We can all count the number of times we have packed a suitcase to the brim only to later realise we haven't worn everything we took with us.
'And it does appear, that shoes are the main culprit because we look to match a pair with every outfit we have.'
A total of 68% of men manage with three pairs of shoes favouring trainers for the flight, flip-flops for lounging and a pair of casual shoes
She added: 'Planning ahead is the key. Be realistic about what you will wear and choose shoes that are suitable for more than one occasion.
'That pair of heels might be great when you're dropped off at the pub or club at home, but they are not the most practical when walking to a resort night spot.
'Comfort is key: it's adaptable and shouldn't come at the expense of style or your poor feet.' | https://www.dailymail.co.uk/femail/article-11082403/Are-shoe-thats-Women-average-SIX-pairs-footwear-holiday.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-04T22:03:48Z | https://www.dailymail.co.uk/femail/article-11082403/Are-shoe-thats-Women-average-SIX-pairs-footwear-holiday.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
The products and services mentioned below were selected independent of sales and advertising. However, Simplemost may receive a small commission from the purchase of any products or services through an affiliate link to the retailer's website.
Something witchy is about to hit your breakfast table!
Created to celebrate the release of the much-anticipated “Hocus Pocus 2” sequel, Kellogg’s new Disney Hocus Pocus 2 cereal will be soaring into stores soon. A Kellogg’s spokesperson tells Simplemost the cereal features a “berry brew” flavor, with purple, orange and yellow star-shaped pieces topped with green and purple flecks inspired by the Sanderson Sisters’ robes.
The cereal will be available at retailers nationwide for a limited time beginning in August for around $4.29 for a 7.7-ounce box and $5.29 for a 12-ounce box. If you don’t see it in stores yet, just keep checking the cereal aisle and it should magically appear soon.
The new cereal isn’t even the only “Hocus Pocus”-inspired breakfast treat you’ll find this Halloween season. You can also buy “Hocus Pocus” Coffee from coffee brewer Joffrey’s. The Sanderson Sisters Brew is a medium roast flavored coffee with notes of caramel apple and cinnamon, so it sounds perfect for fall — and like a good pair for the cereal.
Joffrey’s says the limited edition blend will “transport you back to 1693,” the year the Sanderson Sisters were hanged for witchcraft. The coffee is available on Joffrey’s website, and it will be in the company’s Amazon store next week.
Need more Sanderson Sisters in your life this Halloween? Spirit Halloween has more than 100 “Hocus Pocus” items, ranging from decor to costumes. You can also buy a board game, Tarot card deck, clothing and more, like a giant inflatable at Home Depot.
The inflatable features the sisters standing together on a platform with the words, “I put a spell on you this Halloween!” The weatherproof decoration lights up and inflates for easy setup, with stakes and tethers included to hold it in place. You can purchase the inflatable online or in stores for $149.
If you want something a bit smaller, you can instead purchase a Winifred inflatable for $35. The Winifred inflatable stands 3.5 feet tall and holds a pumpkin with the words “Gather ’round sisters!”
Of course, if you’ve gotten this far into a story about “Hocus Pocus,” you’re likely well aware that the “Hocus Pocus” sequel, “Hocus Pocus 2,” will be hitting Disney+ on Sept. 30.
Just in case you missed the memo, however, you may want brush up on the original film by grabbing the DVD or renting it on Amazon Prime. You can check out the teaser trailer for “Hocus Pocus 2” below:
Happy Halloween!
This story originally appeared on Simplemost. Checkout Simplemost for additional stories. | https://www.3newsnow.com/hocus-pocus-2-cereal-appear-stores-august | 2022-08-04T22:03:54Z | https://www.3newsnow.com/hocus-pocus-2-cereal-appear-stores-august | false |
NEW YORK, Aug. 4, 2022 /PRNewswire/ -- weConnect, the fastest-growing, privately owned global expansion, operations and compliance company, hired Cameron Dorsett as UK Director. Dorsett will lead commercial growth efforts and drive customer adoption in the UK market and assist with customer acquisition in the EMEA region.
Dorsett is highly regarded as a pioneer within the Financial Sales and Marketing industry and earned that reputation by leading the company he founded to 6 years of consecutive growth. Cameron brings with him a wealth of experience and has closed over 500 deals with c-suite executives across 4 continents. Dorsett's experience in penetrating new markets and closing new business deals is something that weConnect will massively benefit from.
"Cameron brings an infectious entrepreneurial spirit to his role at weConnect," said Matthew Kyle, Co-Founder & Chief Commercial Officer of weConnect. "Having experienced the challenges of global expansion while scaling his own startup, Cameron will be able to intimately relate to our clients and speak to them from a whole different perspective. I couldn't be happier to have someone who has the perspective of our clients so dear to his heart."
weConnect's mission is to offer the first true one-stop global expansion solution. Today, weConnect's workforce spans the globe with over 1200 team members in 86 countries. Start-ups, Fortune 500, Private Equity, and privately held companies trust weConnect to handle their international compliance and back-office functions as the grow around the world.
weConnect is the world's fastest-growing, privately owned global expansion, operations and compliance company. weConnect's mission is to make international expansion more efficient, convenient, and attainable. Using practical solutions and optimal technologies for employer of record, incorporation, accounting, payroll and tax compliance, weConnect allows clients to focus on securing optimal talent and growing their businesses to all corners of the globe. Details can be found at weconnect.co.
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SOURCE weConnect | https://www.wlbt.com/prnewswire/2022/08/04/weconnect-hires-cameron-dorsett-uk-commercial-director/ | 2022-08-04T22:04:56Z | https://www.wlbt.com/prnewswire/2022/08/04/weconnect-hires-cameron-dorsett-uk-commercial-director/ | true |
Volkswagen of America has detailed its U.S.-produced versions of the 2023 ID4 electric compact crossover, which will come standard with a smaller 62-kilowatt-hour battery pack and start at $38,790, including shipping and excluding any federal or other tax credits.
With its smaller battery, the base model rear-wheel-drive crossover will now come with a manufacturer-estimated 208 miles of range, based on a simulated EPA test cycle, and deliver 201 hp, VW says. An optional 82-kWh battery lifts the estimated range to 275 miles in rwd configurations.
The U.S.-produced 2023 ID4, due in dealerships in the fall, will be available in three trim levels and with optional all-wheel drive. A 12-inch touch screen infotainment system comes standard in the updated interior, as does a suite of driver-assistance and safety features, the German automaker says.
The top-end awd version of the S Plus trim starts at $55,290, including shipping and excluding tax credits, VW says.
Brand executives expect dealers will see an exponential increase in ID4 availability with the start of local production. Outgoing VW Group of America CEO Scott Keogh told Automotive News this year that the brand had been receiving fewer than 2,000 ID4s per month on average from the factory in Zwickau, Germany, while local production could reach 7,000 to 10,000 per month. | https://www.autonews.com/cars-concepts/2023-vw-id4-ev-start-38790 | 2022-08-04T22:05:49Z | https://www.autonews.com/cars-concepts/2023-vw-id4-ev-start-38790 | false |
WFO BUFFALO Warnings, Watches and Advisories for Thursday, August 4, 2022
_____
HEAT ADVISORY
URGENT - WEATHER MESSAGE
National Weather Service Buffalo NY
402 PM EDT Thu Aug 4 2022
...HEAT ADVISORY IS CANCELLED...
Clouds and showers have allowed temperatures to drop this
afternoon, ending the risk of high heat index.
The National Weather Service in Albany has issued a
* Severe Thunderstorm Warning for...
Schoharie County in east central New York...
South central Montgomery County in eastern New York...
* Until 500 PM EDT.
* At 405 PM EDT, a severe thunderstorm was located near Jefferson, or
14 miles southwest of Cobleskill, moving east at 30 mph.
HAZARD...60 mph wind gusts and penny size hail.
SOURCE...Radar indicated.
IMPACT...Expect damage to roofs, siding, and trees.
* Locations impacted include...
Cobleskill, Jefferson, Middleburgh, Summit, Schoharie,
Richmondville, Sharon Springs, Livingstonville, North Blenheim,
Breakabeen, Central Bridge, Carlisle, Sharon, Seward, Zeh Corners,
Beekman Corners, West Richmondville, Baird Corners, Rockwell
Corners and Warnerville.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
For your protection move to an interior room on the lowest floor of a
building.
Please report hail size...damaging winds and reports of trees down to
the National Weather Service by email at Alb.Stormreport@noaa.gov...
On Facebook at www.facebook.com/nwsalbany or twitter @nwsalbany
_____
Copyright 2022 AccuWeather | https://www.sfchronicle.com/weather/article/NY-WFO-BUFFALO-Warnings-Watches-and-Advisories-17352150.php | 2022-08-04T22:08:32Z | https://www.sfchronicle.com/weather/article/NY-WFO-BUFFALO-Warnings-Watches-and-Advisories-17352150.php | true |
WFO BINGHAMTON Warnings, Watches and Advisories for Thursday, August 4, 2022
_____
SEVERE THUNDERSTORM WARNING
Severe Weather Statement
National Weather Service Binghamton NY
428 PM EDT Thu Aug 4 2022
...THE SEVERE THUNDERSTORM WARNING FOR CENTRAL OTSEGO COUNTY WILL
EXPIRE AT 430 PM EDT...
The storm which prompted the warning has moved out of the area.
Therefore, the warning will be allowed to expire.
...A strong thunderstorm will impact portions of northeastern Albany,
southeastern Saratoga, southeastern Washington and northern
Rensselaer Counties through 500 PM EDT...
At 431 PM EDT, Doppler radar was tracking a strong thunderstorm over
Cohoes, moving east at 25 mph.
HAZARD...Wind gusts up to 50 mph and half inch hail.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects. Minor damage to outdoor objects is
possible.
Locations impacted include...
Troy, Clifton Park, Cohoes, Colonie, Mechanicville, Hoosick Falls,
Latham, Green Island, Waterford, Country Knolls, Halfmoon, Hoosick,
Lee, Pittstown, White Creek, Schaghticoke, Valley Falls, Shakers,
Schaghticoke Hill and Center White Creek.
This includes Interstate 87 between exits 5 and 7, and between exits
8A and 10.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
LAT...LON 4286 7328 4272 7383 4277 7384 4278 7381
4280 7384 4291 7386 4299 7327
TIME...MOT...LOC 2031Z 255DEG 21KT 4281 7373
MAX HAIL SIZE...0.50 IN
MAX WIND GUST...50 MPH
_____
Copyright 2022 AccuWeather | https://www.sfgate.com/weather/article/NY-WFO-BINGHAMTON-Warnings-Watches-and-17352276.php | 2022-08-04T22:08:56Z | https://www.sfgate.com/weather/article/NY-WFO-BINGHAMTON-Warnings-Watches-and-17352276.php | true |
For decades, Sprite has come in green bottles, but the company says clear plastic is more easily recycled. Environmentalists say the issue is not the color but the single-use plastic.
Copyright 2022 NPR
For decades, Sprite has come in green bottles, but the company says clear plastic is more easily recycled. Environmentalists say the issue is not the color but the single-use plastic.
Copyright 2022 NPR | https://www.mainepublic.org/2022-08-04/encore-sprite-ditches-its-iconic-green-bottle-but-critics-say-its-not-enough | 2022-08-04T22:09:05Z | https://www.mainepublic.org/2022-08-04/encore-sprite-ditches-its-iconic-green-bottle-but-critics-say-its-not-enough | false |
BEIRUT — On its second anniversary, the massive port explosion that rocked Beirut in 2020 was still damaging the city, as grain silos marred in the blast partly collapsed Thursday. Nearby, thousands of people had come to mark the day and to protest the lack of accountability for the blast, which killed more than 200 people.
Thursday’s partial collapse of the grain silos came just days after another part of the silos fell and sent large plumes of gray smoke and dust over the port and nearby neighborhoods, uncomfortably reminiscent of the Aug. 4, 2020, blast cloud, which blanketed parts of the Lebanese capital two years ago.
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Since then, the hulking remains of the silos have loomed over the damaged port and neighborhoods that bore the brunt of the billions of dollars in damage and destruction, a reminder of how little has improved in the wake of the blast.
Lebanese officials have been warning about the possibility of the silos collapsing for some time.
On July 25, after a fire broke out there, the ministries of environment and health issued a warning that the silos were deteriorating. The ministries advised residents to close their windows and wear face masks.
“In the event of any collapse or parts falling, dust consisting of construction waste and some fungi will be emitted from the rotting grains and will be dispersed in the air,” the ministries’ statement said. “According to expert opinion, there is no scientific evidence of the presence of asbestos or any other toxic substances.”
On Sunday, another section of the silos collapsed. In total, four parts of the silos have fallen, according to Lebanese state media.
Firefighters have been battling a fire at the port for months, said Lieutenant Ali Najm, spokesman for the Beirut Fire Brigade. But each time they put it out, sometimes twice a day, the fire would start again, he said.
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He said he expected the remainder of the silos to fall soon.
Lea Saad, a 23-year-old architecture student, was injured in the 2020 explosion when a piece of metal tore into her back. She was on her way to the port Thursday to protest and mark the anniversary when the silos fell.
“It feels like with every silo that falls down, part of it feels like slowly you’re seeing the memory fade,” she said, adding that it was both sad and a relief.
“It is kind of erasing the memory of something that was very traumatic in a way that it is putting it under the rug as if it never existed,” said Saad, as a helicopter flew overhead with firefighters trying to extinguish the fire at the silo site.
The explosion, caused by the sudden combustion of about 2,750 tons of volatile chemicals that had been at the port for years, exposed what many Lebanese saw as decades of bad governance and corruption.
Some of those who had gathered in the latest plume of dust and smoke to blanket the port were holding signs that called for an international investigation. Some read, “Justice is coming.”
In the two years since the blast, the investigation has been plagued by controversy and criticism, and no one has yet been held responsible.
Mohamed Al Turk, a 57-year-old father of three who works for an insurance company, watched the silos collapse. He had come to the port wearing a T-shirt that read, “Justice is my demand.”
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“I wish the silos were still there, because they will be the evidence of the crimes our leaders committed,” he said. “Every time they pass by here, those leaders will see the traces of their crime.”
In October, tensions over the port investigation broke out into some of the most violent clashes Beirut has witnessed in years after the judge investigating the explosion, Tarek Bitar, issued an arrest warrant for a prominent Shiite member of parliament.
In response, Hezbollah, the Lebanese Shiite militia and political party, criticized Bitar and accused him of politically targeting officials in the investigation. It called for protests, which descended into deadly violence.
Lebanon has been in a free fall since late 2019, with crippling political and economic crises leaving the Mediterranean country in a state of dysfunction. Lebanon’s currency has fallen more than 90 percent in value, leading to massive inflation and the departure of many residents who are able to leave. | https://www.bostonglobe.com/2022/08/04/world/beirut-port-silos-partly-collapse-second-anniversary-blast/ | 2022-08-04T22:09:14Z | https://www.bostonglobe.com/2022/08/04/world/beirut-port-silos-partly-collapse-second-anniversary-blast/ | true |
Ailsa Chang is an award-winning journalist who hosts All Things Considered along with Ari Shapiro, Audie Cornish, and Mary Louise Kelly. She landed in public radio after practicing law for a few years.
Christopher Intagliata is an editor at All Things Considered, where he writes news and edits interviews with politicians, musicians, restaurant owners, scientists and many of the other voices heard on the air. | https://www.kunm.org/npr-news/npr-news/2022-08-04/how-american-sign-language-is-evolving-with-time | 2022-08-04T22:11:04Z | https://www.kunm.org/npr-news/npr-news/2022-08-04/how-american-sign-language-is-evolving-with-time | false |
Northeast prepares for record breaking heat wave that would see Boston experience heat last felt in 1928: New York City, Philadelphia and other east coast cities will either equal or top past highs
- The National Weather Service is predicting that record temperatures could be equaled or topped in Boston, Hartford, Newark and New York City
- The city of Boston is preparing for temps to hit 99 Thursday, according to NWS, which would break a record last set in 1928
- Boston Mayor Michelle Wu said in a statement: 'I urge everyone to stay cool and safe, and check on your neighbors during the week'
- In Hartford, the forecast is set for the Connecticut capital to hit 101 degrees Thursday. That would break their 1944 record by five degrees
- Newark, New Jersey, which is often home to the hottest temperatures during heat waves, could tie a nearly 30-year-old record of 100
The northeastern United States faces a second heat wave in a matter of weeks, with over 70 million potentially falling under heat advisories through the coming weekend.
The National Weather Service is predicting that record temperatures could be equaled or topped in Boston, Hartford, Newark and New York City.
The city of Boston is preparing for temps to hit 99 Thursday, according to NWS, which would break a record last set in 1928.
Boston Mayor Michelle Wu said in a statement: 'I urge everyone to stay cool and safe, and check on your neighbors during the week'.
In Hartford, the forecast is set for the Connecticut capital to hit 101 degrees Thursday. That would break their 1944 record by five degrees.
Newark, New Jersey, which is often home to the hottest temperatures during northeast heat waves, could tie a nearly 30-year-old record of 100.
The northeastern United States faces a second heat wave in a matter of weeks, with over 70 million potentially falling under heat advisories through the coming weekend
The northeastern United States faces a second heat wave in a matter of weeks, with over 70 million potentially falling under heat advisories through the coming weekend
A man cliff jumps at Wissahickon Valley Park in Philadelphia. Philadelphia may tie their record from 1995, hitting 95 degrees. Both New York and Philadelphia have seen heat deaths in the past two weeks
Construction workers in Philadelphia sport long sleeves to protect from the sun. Both New York and Philadelphia have seen heat deaths in the past two weeks
The National Weather Service is predicting that record temperatures could be equaled or topped in Boston, Hartford, Newark and New York City
The Brick City has issued what's known as a 'Code Red' insisting residents take caution from the heat. Governor Phil Murphy has also reiterated warnings to stay cool.
In nearby New York City, they're predicting temperatures to reach 94 degrees for Thursday, which would break a record last set in 2006.
Energy company Con Edison is imploring New Yorkers to save energy amid what will be an increased demand for electricity.
The city faced its longest heat wave in nine years just two weeks ago, lasting six days with peak temperatures reaching 97 degrees.
Further south, Philadelphia may tie their record from 1995, hitting 95 degrees. Both New York and Philadelphia have seen heat deaths in the past two weeks.
Both New York and Philadelphia have seen heat deaths in the past two weeks and both cities are seeing temperatures ramp up again
The National Weather Service has said the scorching temps will peak Thursday, dip a little bit through the weekend before rising again on Sunday, as well as several thunderstorms throughout the region
Heat advisories are in place across much of the Northeast as temperatures exceed 100 degrees
The National Weather Service has said the scorching temps will peak Thursday, dip a little bit through the weekend before rising again on Sunday, as well as several thunderstorms throughout the region.
Just two weeks ago, over 210 million faced temperatures over 90 degrees and nearly 60 million of those saw temps soar over 100 degrees.
The center says that 60 different high temperature records were either tied or broken that week alone.
Cities like Las Vegas (115 degrees), Phoenix (113 degrees), Memphis (102 degrees), San Antonio (101 degrees) and Oklahoma City (100 degrees) all hit the 100 mark. | https://www.dailymail.co.uk/news/article-11082135/Northeast-prepares-record-breaking-heat-wave-Boston-break-record-set-1928.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-04T22:11:11Z | https://www.dailymail.co.uk/news/article-11082135/Northeast-prepares-record-breaking-heat-wave-Boston-break-record-set-1928.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
New York State Police have increased gun seizures by 104% this year, with members taking nearly 800 illegal firearms off the streets.
Combined with other police agencies, nearly 3,200 guns were seized, which is nearly 1,000 more than last year during the same time period.
Hochul says the hope is that the new State Police Gun Trafficking Interdiction Unit will add to these numbers.
“I was proud to help secure $2.5 million in State Budget funding for this specialized unit to support their critical work, and today we send a strong message to gun traffickers everywhere: we will hold them accountable for their role in bringing violence to our streets and will continue to seize illegal guns,” Hochul said.
The new unit made multiple arrests and seized 30 weapons this summer including assault rifles and ghost guns. | https://www.wktv.com/news/state/nysp-increases-statewide-gun-seizures-by-more-than-100/article_c8343e82-143a-11ed-bbb5-635af6e5fa04.html | 2022-08-04T22:12:06Z | https://www.wktv.com/news/state/nysp-increases-statewide-gun-seizures-by-more-than-100/article_c8343e82-143a-11ed-bbb5-635af6e5fa04.html | false |
NYC issues air quality alert that will last until TONIGHT after extreme heat caused pollution to be FOUR times what is safe
- All five boroughs are under a poor air quality alert until 11 pm Thursday
- This was sparked when pollution was found to be 4.4 times the amount recommended by the World Health Organization’s air quality guideline value
- The increase in air pollution is due to the heatwave plaguing New York City
- This is because extreme heat and stagnant air during a heat wave increase the amount of ozone pollution and PM2 in the air
The New York Department of Environmental Conservation (DEC) Thursday issued an air quality alert because the fine particle matter (PM2) is more than 4.4 times the World Health Organization’s air quality guideline value and the alarm was sounded because of the intense heatwave plaguing the five boroughs.
Fine particle matter is a mixture of extremely small particles and liquid droplets, which can include acids (such as nitrates and sulfates), organic chemicals, metals and soil or dust particles.
The National Weather Service (NWS) shows air in New York City is ‘unhealthy for sensitive groups,’ such as active children and adults, along with people who have respiratory diseases.
The advisory is in effect until 11 pm ET and the city is also under a heat warning until Friday as temperatures are expected to slip into the triple digits – Thursday surpassed 90F.
The DEC shows the Metro area is experiencing 107 ozone levels, more than 50 percent higher than what is deemed ‘good,’ and PM fine is up to 52 – 12 is deemed safe.
According to data from New York City health, poor air quality led to the death of 9,500 people in New York City last year and cost the city $22 billion.
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The Metro area is under an air quality alert as ozone levels have exceeded 100. This means the air is unhealthy for sensitive groups and will be until at least 11pm
The Air Quality Index (AQI) is the tool used by DEC communicating daily air quality and does so with color-coded categories to show what regions are suffering from polluted air, along with which groups are most at risk and advice on how to reduce exposure.
There is an AQI for five major pollutants that are regulated by the Clean Air Act: ozone, particle pollution (also called particulate matter), carbon monoxide, nitrogen dioxide and sulfur dioxide.
Each pollutant is generally based on the health-based national ambient air quality standard for that pollutant and the scientific information that supports that standard.
The ozone AQI is an 8-hour index and for particle pollution, it’s 24 hours.
The advisory is in effect until 11 pm ET and the city is also under a heat warning until Friday as temperatures are expected to slip into the triple digits – Thursday surpassed 90F
And the poor air quality was brought on by the intense heat gripping the Big Apple.
This is because extreme heat and stagnant air during a heat wave increase the amount of ozone pollution and PM2 in the air.
Although Thursday is in the 90s, the added humidity makes it feel more like 100 degrees.
The NWS is urging seniors and those with chronic health problems or mental health conditions — who can be more vulnerable to heat related illnesses — to stay in air conditioned spaces when possible.
Those who have to work outdoors should take frequent breaks in air conditioned or shaded areas, the agency said.
The heat spell has been happening for more than a week and has killed at least four New Yorkers, with the last death reported on July 31.
A recent study from the city's health department found that approximately 10 New Yorkers die from heat-related causes per year, on average.
A recent study from New York City officials notes that it is residents’ lack of home air conditioning that is a huge factor in the heat-related deaths
The report also found there were roughly 360 heat-exacerbated deaths each year between 2011 and 2019.
NYC health also notes that it is residents’ lack of home air-conditioning that is a huge factor in the heat-related deaths.
‘Among those who died from heat stress, the place of death was most often an un-air-conditioned home,’ the report reads.
‘People who died from heat-stress were most often exposed to dangerous heat in their homes (69%, n= 57 of 83 records with detailed information).
‘Another 7% were exposed indoors but not at their own residence. Without AC, indoor temperatures can be much higher than outdoors, especially at night, and can continue for days after a heat wave.’ | https://www.dailymail.co.uk/sciencetech/article-11082237/NYC-issues-air-quality-alert-TONIGHT.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-04T22:12:24Z | https://www.dailymail.co.uk/sciencetech/article-11082237/NYC-issues-air-quality-alert-TONIGHT.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
- Second Quarter Total Revenue Growth of 21 Percent
- Reported Earnings Per Share of $1.17
- Increased Adjusted Earnings Per Share 21 Percent Over the Prior Year to $1.32
- Generated Cash Flow from Operations of $1,563 million and Adjusted Free Cash Flow of $1,152 million for the Six Months Ended June 30, 2022
- Raised 2022 Full-Year Financial Guidance
- Increased Quarterly Dividend by Approximately 8 Percent
PHOENIX, Aug. 4, 2022 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) today reported net income of $371.9 million, or $1.17 per diluted share, for the three months ended June 30, 2022, versus $331.1 million, or $1.03 per diluted share, for the comparable 2021 period. Excluding certain benefits and expenses, on an adjusted basis, net income for the three months ended June 30, 2022 was $418.4 million, or $1.32 per diluted share, versus $349.9 million, or $1.09 per diluted share, for the comparable 2021 period.
"We are very pleased with our second quarter results, which demonstrate our ability to dynamically adjust price to offset higher levels of cost inflation and drive margin expansion in the underlying business," said Jon Vander Ark, president and chief executive officer. "As a result of our strong performance and outlook for the balance of the year, we are raising our full-year financial guidance."
Second-Quarter 2022 Highlights:
- Total revenue growth of 21.4 percent includes 11.1 percent of organic growth and 10.3 percent of growth from acquisitions. Revenue growth from acquisitions includes US Ecology, which closed on May 2, 2022.
- Second quarter revenue growth from average yield was 5.0 percent and volume increased revenue by 2.4 percent.
- Second quarter core price increased revenue by 6.2 percent. Core price consisted of 7.8 percent in the open market and 3.5 percent in the restricted portion of the business.
- Second quarter EPS was $1.17 per share, and adjusted EPS, a non-GAAP measure, was $1.32 per share. Adjusted EPS increased 21.1 percent over the prior year.
- Year-to-date cash provided by operating activities was $1,563.5 million. Adjusted free cash flow, a non-GAAP measure, was $1,152.0 million, an increase of 14.1 percent versus the prior year.
- Republic's second quarter net income was $371.9 million, or 10.9 percent of revenue.
- Second quarter adjusted EBITDA, a non-GAAP measure, was $1.0 billion and adjusted EBITDA margin was 29.6 percent of revenue.
- Year-to-date cash invested in acquisitions was $2.5 billion, $2.2 billion of which related to the acquisition of US Ecology.
- Year-to-date cash returned to shareholders was $494.7 million, which included $203.5 million of share repurchases and $291.2 million of dividends paid.
- The Company's average recycled commodity price per ton sold during the second quarter was $218. This represents an increase from the first quarter of 2022 of $17 per ton and an increase of $48 per ton over the prior year.
- The Company was named to 3BL Media's 100 Best Corporate Citizens list for the third consecutive year. The ranking recognizes Republic's ESG leadership in climate change, environment and governance.
Raised Full-Year 2022 Financial Guidance
Republic raised its full-year adjusted diluted EPS guidance to $4.77 to $4.80 and its full-year adjusted free cash flow guidance to $1,700 million to $1,725 million.
Please refer to the Information Regarding Forward-Looking Statements section of this document.
Company Increases Quarterly Dividend
Republic continues to increase cash returns to shareholders and previously announced that its Board of Directors approved a 3.5-cent increase in the quarterly dividend. The quarterly dividend of $0.495 per share for shareholders of record on October 3, 2022 will be paid on October 14, 2022.
Presentation of Certain Non-GAAP Measures
Adjusted diluted earnings per share, adjusted net income, EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA by business type, adjusted EBITDA margin by business type and adjusted free cash flow are described in the Reconciliation of Certain Non-GAAP Measures section of this document.
About Republic Services
Republic Services, Inc. is a leader in the environmental services industry. Through its subsidiaries, the Company provides customers with the most complete set of products and services, including recycling, solid waste, special waste, hazardous waste, container rental and field services. Republic's industry-leading commitments to advance circularity, reduce emissions and decarbonize operations are helping deliver on its vision to partner with customers to create a more sustainable world. For more information, please visit RepublicServices.com.
You should read the following information in conjunction with our audited consolidated financial statements and notes thereto appearing in our Annual Report on Form 10-K as of and for the year ended December 31, 2021. All amounts below are in millions and as a percentage of our revenue, except per share data.
REVENUE
The following table reflects our total revenue by line of business for the three and six months ended June 30, 2022 and 2021:
The following table reflects changes in components of our revenue, as a percentage of total revenue, for the three and six months ended June 30, 2022 and 2021:
Average yield is defined as revenue growth from the change in average price per unit of service, expressed as a percentage. Core price is defined as price increases to our customers and fees, excluding fuel recovery fees, net of price decreases to retain customers. We also measure changes in average yield and core price as a percentage of related-business revenue, defined as total revenue excluding recycled commodities, fuel recovery fees and environmental solutions revenue, to determine the effectiveness of our pricing strategies. Average yield as a percentage of related-business revenue was 5.4% and 5.0% for the three and six months ended June 30, 2022, respectively, and 2.8% and 2.6% for the same respective periods in 2021. Core price as a percentage of related-business revenue was 6.7% and 6.6% for the three and six months ended June 30, 2022, respectively, and 5.5% and 5.1% for the same respective periods in 2021.
The following table reflects changes in average yield and volume, as a percentage of total revenue by line of business, for the three and six months ended June 30, 2022 and 2021:
COST OF OPERATIONS
The following table summarizes the major components of our cost of operations for the three and six months ended June 30, 2022 and 2021 (in millions of dollars and as a percentage of revenue):
These cost categories may change from time to time and may not be comparable to similarly titled categories used by other companies. As such, you should take care when comparing our cost of operations by cost component to that of other companies and of ours for prior periods.
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
The following table summarizes our selling, general and administrative expenses for the three and six months ended June 30, 2022 and 2021 (in millions of dollars and as a percentage of revenue):
These cost categories may change from time to time and may not be comparable to similarly titled categories used by other companies. As such, you should take care when comparing our selling, general and administrative expenses by cost component to those of other companies and of ours for prior periods.
RECONCILIATION OF CERTAIN NON-GAAP MEASURES
The following tables calculate EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA by business type, adjusted EBITDA margin by business type, adjusted pre-tax income, adjusted tax impact, adjusted net income - Republic, adjusted diluted earnings per share, and adjusted free cash flow, which are not measures determined in accordance with U.S. generally accepted accounting principles (U.S. GAAP), for the three and six months ended June 30, 2022 and 2021. Our definitions of EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA by business type, adjusted EBITDA margin by business type, adjusted pre-tax income, adjusted tax impact, adjusted net income - Republic, adjusted diluted earnings per share, and adjusted free cash flow may not be comparable to similarly titled measures presented by other companies.
EBITDA and EBITDA Margin
The following table calculates EBITDA and EBITDA margin for the three and six months ended June 30, 2022 and 2021 (in millions of dollars and as a percentage of revenue):
Adjusted EBITDA and Adjusted EBITDA Margin
The following table calculates adjusted EBITDA and adjusted EBITDA margin for the three and six months ended June 30, 2022 and 2021 (in millions of dollars and as a percentage of revenue):
Adjusted EBITDA and Adjusted EBITDA Margin by Business Type
The following table summarizes revenue, adjusted EBITDA and adjusted EBITDA margin by business type for the three months ended June 30, 2022 (in millions of dollars and adjusted EBITDA margin as a percentage of revenue):
The following table calculates adjusted EBITDA by business type for the three months ended June 30, 2022 (in millions of dollars):
Adjusted Earnings Per Share
The following table calculates adjusted pre-tax income, adjusted tax impact, adjusted net income - Republic, and adjusted diluted earnings per share for the three and six months ended June 30, 2022 and 2021
We believe that presenting EBITDA and EBITDA margin is useful to investors because they provide important information concerning our operating performance exclusive of certain non-cash and other costs. EBITDA and EBITDA margin demonstrate our ability to execute our financial strategy, which includes reinvesting in existing capital assets to ensure a high level of customer service, investing in capital assets to facilitate growth in our customer base and services provided, maintaining our investment grade credit ratings and minimizing debt, paying cash dividends, repurchasing our common stock, and maintaining and improving our market position through business optimization. Although depreciation, depletion, amortization and accretion are considered operating costs in accordance with U.S. GAAP, they represent the allocation of non-cash costs generally associated with long-lived assets acquired or constructed in prior years.
We believe that presenting adjusted EBITDA and adjusted EBITDA margin, adjusted pre-tax income, adjusted tax impact, adjusted net income - Republic, and adjusted diluted earnings per share provide an understanding of operational activities before the financial impact of certain items. We use these measures, and believe investors will find them helpful, in understanding the ongoing performance of our operations separate from items that have a disproportionate impact on our results for a particular period. We have incurred comparable charges, costs and recoveries in prior periods, and similar types of adjustments can reasonably be expected to be recorded in future periods.
Loss from unconsolidated equity method investments. The loss from unconsolidated equity method investments primarily relates to non-controlling equity interests in certain limited liability companies that qualified for investment tax credits under Section 48 of the Internal Revenue Code. We believe that adjusting EBITDA for our loss from unconsolidated equity method investments is useful to our investors as the relevant income tax benefit, primarily investment tax credits, is not included in the calculation of EBITDA.
Restructuring charges. In 2022 and 2021, we incurred costs related to the redesign of certain back-office software systems.
(Gain) loss on business divestitures and impairments, net. During the three and six months ended June 30, 2021 we recorded a net loss on business divestitures and impairments of $0.9 million and a net gain of $(0.2) million, respectively.
Withdrawal costs - multiemployer pension funds. During both the three and six months ended June 30, 2022, we recorded $2.2 million of withdrawal costs from a multiemployer pension plan.
US Ecology, Inc. acquisition integration and deal costs. During the three and six months ended June 30, 2022, we incurred $51.9 million and $56.6 million, respectively, of acquisition integration and deal costs in connection with the acquisition of US Ecology, which included certain costs to close the acquisition and integrate the business, including stock compensation expense for unvested equity awards at closing as well as severance and change-in-control payments. The acquisition closed on May 2, 2022.
Accelerated vesting of compensation expense for CEO transition. In June 2021, Donald W. Slager retired as Chief Executive Officer (CEO) of Republic Services, Inc. During the three and six months ended June 30, 2021, we recognized a charge of $15.4 million related to the accelerated vesting of his compensation awards that were previously scheduled to vest in 2022 and beyond.
Adjusted Free Cash Flow
The following table calculates our adjusted free cash flow, which is not a measure determined in accordance with U.S. GAAP, for the six months ended June 30, 2022 and 2021:
We believe that presenting adjusted free cash flow provides useful information regarding our recurring cash provided by operating activities after certain expenditures or recoveries. It also demonstrates our ability to execute our financial strategy and is a key metric we use to determine compensation. The presentation of adjusted free cash flow has material limitations. Adjusted free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are required or to which we have committed, such as debt service requirements and dividend payments.
Purchases of property and equipment as reflected on our consolidated statements of cash flows represent amounts paid during the period for such expenditures. A reconciliation of property and equipment expenditures reflected on our consolidated statements of cash flows to property and equipment received during the period follows for the six months ended June 30, 2022 and 2021:
The adjustments noted above do not affect our net change in cash, cash equivalents, restricted cash and restricted cash equivalents as reflected in our consolidated statements of cash flows.
ACCOUNTS RECEIVABLE
As of June 30, 2022 and December 31, 2021, accounts receivable were $1,654.7 million and $1,271.4 million, net of allowance for doubtful accounts of $50.6 million and $38.5 million, respectively, resulting in days sales outstanding of 37.8, or 27.1 days net of deferred revenue, compared to 39.2, or 27.5 days net of deferred revenue, respectively.
CASH DIVIDENDS
In April 2022, we paid a cash dividend of $145.3 million to shareholders of record as of April 1, 2022. As of June 30, 2022, we recorded a quarterly dividend payable of $145.3 million to shareholders of record at the close of business on July 1, 2022, which was paid on July 15, 2022.
SHARE REPURCHASE PROGRAM
During the three months ended June 30, 2022, we did not repurchase any shares of our stock. As of June 30, 2022, the remaining authorized purchase capacity under our October 2020 repurchase program was $1.5 billion.
2022 FINANCIAL GUIDANCE
Adjusted Diluted Earnings per Share
The following is a summary of anticipated adjusted diluted earnings per share for the year ending December 31, 2022, which is not a measure determined in accordance with U.S. GAAP:
We believe that presenting adjusted diluted earnings per share provides an understanding of operational activities before the financial impact of certain items. We use this measure, and believe investors will find it helpful, in understanding the ongoing performance of our operations separate from items that have a disproportionate impact on our results for a particular period. We have incurred comparable charges, costs and recoveries in prior periods, and similar types of adjustments can reasonably be expected to be recorded in future periods. Our definition of adjusted diluted earnings per share may not be comparable to similarly titled measures presented by other companies.
Adjusted Free Cash Flow
Our anticipated adjusted free cash flow for the year ending December 31, 2022, which is not a measure determined in accordance with U.S. GAAP, is calculated as follows:
We believe that presenting adjusted free cash flow provides useful information regarding our recurring cash provided by operating activities after certain expenditures or recoveries. It also demonstrates our ability to execute our financial strategy and is a key metric we use to determine compensation. The presentation of adjusted free cash flow has material limitations. Adjusted free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are required or to which we have committed, such as debt service requirements and dividend payments. Our definition of adjusted free cash flow may not be comparable to similarly titled measures presented by other companies.
Our financial guidance is based on current economic conditions.
INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking information about us that is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "guidance," "expect," "will," "may," "anticipate," "plan," "estimate," "project," "intend," "should," "can," "likely," "could," "outlook" and similar expressions are intended to identify forward-looking statements. These statements include information about our plans, strategies and prospects. Forward-looking statements are not guarantees of performance. These statements are based upon the current beliefs and expectations of our management and are subject to risk and uncertainties that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot assure you that the expectations will prove to be correct. Among the factors that could cause actual results to differ materially from the expectations expressed in the forward-looking statements are our ability to effectively integrate and manage companies we acquire, including US Ecology, and to realize the anticipated benefits of any such acquisitions, the effects of the COVID-19 pandemic and actions taken in response thereto, acts of war, riots or terrorism, and the impact of these acts on economic, financial and social conditions in the United States as well as our dependence on large, long-term collection, transfer and disposal contracts. More information on factors that could cause actual results or events to differ materially from those anticipated is included from time to time in our reports filed with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, particularly under Part II, Item 1A - Risk Factors, and our Annual Report on Form 10-K for the year ended December 31, 2021, particularly under Part I, Item 1A – Risk Factors. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such risk factors, or to assess the impact such risk factors might have on our business. We undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE Republic Services, Inc. | https://www.kait8.com/prnewswire/2022/08/04/republic-services-inc-reports-second-quarter-2022-results/ | 2022-08-04T22:12:41Z | https://www.kait8.com/prnewswire/2022/08/04/republic-services-inc-reports-second-quarter-2022-results/ | false |
US $
- Q2 GAAP net income of $256 million / $3.29 per diluted share
- Adjusted EBITDA of $260 million
- Net cash position at $53 million and liquidity at $1.3 billion at quarter-end
- GHG emissions reduction targets approved by the Science Based Targets initiative (SBTi)
- Entered into agreement to be acquired by Paper Excellence Group
MONTRÉAL, Aug. 4, 2022 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today reported net income for the quarter ended June 30 of $256 million, or $3.29 per diluted share, compared to net income of $268 million, or $3.34 per diluted share, in the same period in 2021. Sales were $1,058 million in the quarter, a decrease of $82 million from the year-ago period. Excluding special items, the company reported net income of $155 million, or $2.00 per diluted share, compared to net income of $300 million, or $3.74 per diluted share, in the second quarter of 2021.
Non-GAAP financial measures, such as adjustments for special items and adjusted EBITDA, are explained and reconciled below.
Quarterly Operating Income Variance Against Prior Period
The company reported operating income of $217 million in the quarter, compared to $235 million in the first quarter. The $18 million variation mainly reflects higher shipments ($47 million) across all segments, more than offset by higher manufacturing costs ($55 million), mainly related to fiber ($25 million) and maintenance ($19 million) costs, as well as energy prices ($7 million). The overall impact of pricing was neutral as higher realized transaction prices in the pulp and paper segments were offset by lower average transaction prices in the wood products segment. The company also recorded higher freight ($8 million) and selling, general and administrative expenses ($4 million).
Segment Operating Income Variance
The wood products segment generated operating income of $180 million in the quarter, $39 million lower than the previous quarter. The average transaction price fell to $931 per thousand board feet, a decrease of $91 per thousand board feet, or 9%, reflecting lower benchmark lumber prices, despite the positive impact of consolidating engineered wood products in the segment's sales following the acquisition of the remaining 50% equity interest in Resolute-LP Engineered Wood Larouche Inc. and Resolute-LP Engineered Wood St-Prime Limited Partnership. Shipments rose by 65 million board feet, but finished goods inventory increased by 16 million board feet, to 239 million board feet, reflecting continued challenges with rail car availability. The operating cost per unit (or, "delivered cost") rose by $43 per thousand board feet, or 8%, mainly reflecting higher log costs due to stumpage fees and fuel price. EBITDA in the segment slipped by $39 million, to $191 million.
Operating income in the market pulp segment was $41 million in the second quarter, $19 million higher than in the prior quarter. The average transaction price increased by $117 per metric ton, or 14%, due to stronger market conditions. Shipments were 29,000 metric tons higher, helping to reduce finished goods inventory by 14,000 metric tons to 68,000 metric tons at quarter-end. The delivered cost rose by $42 per metric ton, mainly due to higher maintenance and fiber costs. EBITDA in the segment improved by $22 million, to $48 million.
The tissue segment incurred an operating loss of $9 million in the quarter, in line with the first quarter. The average transaction price increased by $84 per short ton, or 4%, on rising market pricing. Shipments were 1,000 short tons higher and finished goods inventory fell by 2,000 short tons. The delivered cost increased by $126 per short ton, or 6%, mostly due to higher market pulp prices. EBITDA in the segment fell by $1 million, to negative $5 million.
The paper segment recorded operating income of $37 million in the quarter, an improvement of $12 million over the previous quarter. The average transaction price rose by $35 per metric ton, or 5%, due to stronger market conditions in all grades. Shipments rose by 29,000 metric tons, helping to reduce finished goods inventory by 18,000 metric tons to 67,000 metric tons at quarter-end. The delivered cost increased by $11 per metric ton, or 2%, mainly due to higher freight and maintenance costs. EBITDA improved by $13 million, to $47 million.
Consolidated Quarterly Operating Income Variance Against Year-Ago Period
The $217 million of operating income reported in the second quarter was $189 million lower than the comparable quarter of 2021. The variance includes higher selling prices for the pulp, paper and tissue segments ($108 million), more than offset by lower selling prices for wood ($157 million) and lower shipments as a result of logistics constraints ($17 million). The company faced higher manufacturing costs ($104 million), mainly related to fiber costs ($42 million), maintenance, labor and outside service costs ($31 million) and energy prices ($25 million), as well as higher freight costs ($25 million). It also benefitted from a lower Canadian dollar ($8 million).
Corporate, Cash and Liquidity
The company generated $281 million of cash from operating activities in the quarter, and it invested $24 million, net, in fixed assets, for a total of $37 million in the first six months of the year.
With $355 million of quarter-end cash, liquidity stood at $1.3 billion. As a result, the company ended the quarter in a net cash position of $53 million.
By quarter-end, the company recorded cumulative softwood lumber duty deposits of $500 million on the balance sheet, including $60 million paid in the quarter.
The company also determined that it is more likely than not that $105 million of the U.S. net deferred income tax assets will be fully realized in the future prior to expiration, which resulted in a valuation allowance reversal and related income tax benefit during the quarter.
On July 6, Resolute and Paper Excellence Group, through its wholly-owned subsidiary Domtar Corporation, announced that they have entered into an agreement under which the latter will acquire all of the outstanding common shares of Resolute stock. The company expects the transaction to close in the first half of 2023, following stockholder and regulatory approvals, and satisfaction of other customary closing conditions. For additional information on the transaction, please see Resolute's current reports on Form 8-K filed on July 6 and July 7, 2022 with the U.S. Securities and Exchange Commission (or, the "SEC"). A full description of the transaction will be outlined in the proxy statement of Resolute to be filed with the SEC at www.sec.gov and with the Canadian securities regulators on the System for Electronic Document Analysis and Retrieval at www.sedar.com and mailed to stockholders of Resolute.
Due to the pending transaction with Paper Excellence Group, the company will not host a second quarter 2022 earnings conference call.
Description of Special Items
Cautionary Statements Regarding Forward-Looking Information
Statements in this document that are not reported financial results or other historical information of Resolute Forest Products are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. They include, for example, statements relating to the potential benefits of the proposed transaction between Resolute Forest Products and Domtar Corporation; the prospective performance and outlook of our business, performance and opportunities; the ability of the parties to complete the proposed transaction, the expected timing of completion of the proposed transaction; the impact of the coronavirus (or, "COVID-19") pandemic and resulting economic conditions on our business, results of operations and market price of our securities; the impact on our future business results of the price volatility of our products; the logistics and transportation network constraints and the levels of inventory; the estimated expenditures relating to the indefinite idling of the pulp and paper operations at Calhoun (Tennessee); and to our: efforts and initiatives to reduce costs and increase revenues and profitability; business and operating outlook; future pension obligations; assessment of market conditions; growth strategies and prospects, and the growth potential of the company and the industry in which we operate; liquidity; future cash flows, including as a result of the changes to our pension funding obligations; estimated capital expenditures; environmental, social and governance (or, "ESG") reporting; and strategies for achieving our goals generally. Forward-looking statements may be identified by the use of forward-looking terminology such as the words "should," "would," "could," "will," "may," "expect," "believe," "see," "anticipate," "continue," "contribute," "position," "maintain," "remain," "increase," "plan," "grow," "enhance," "seek," "provide," "support," "estimate," "maximize" and other terms with similar meaning indicating possible future events or potential impact on our business or Resolute Forest Products' shareholders.
The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on management's current assumptions, beliefs, and expectations, all of which involve a number of business risks and uncertainties that could cause actual results to differ materially. The potential risks and uncertainties that could cause our actual future financial condition, results of operations, and performance to differ materially from those expressed or implied in this document include, but are not limited to: uncertainties as to the timing of the proposed transaction with Domtar Corporation; the risk that the proposed transaction with Domtar Corporation may not be completed in a timely manner or at all; the possibility that competing offers or acquisition proposals will be made; the possibility that any or all of the various conditions to the consummation of the proposed transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, including in circumstances that would require us to pay a termination fee or other expenses; the inability to recover softwood lumber duty refunds in a timely manner or at all; the effect of the pendency of the proposed transaction on our ability to retain and hire key personnel, our ability to maintain relationships with our customers, suppliers and others with whom we do business and our business generally or our stock price; risks related to diverting management's attention from our ongoing business operations; the impact of the COVID-19 pandemic on our business and resulting economic conditions; developments in non-print media, including changes in consumer habits, and the effectiveness of our responses to these developments; intense competition in the forest products industry; any inability to offer products certified to globally recognized forestry management and chain of custody standards; any inability to successfully implement our strategies to increase our earnings power; the possible failure to successfully integrate acquired businesses with ours or to realize the anticipated benefits of acquisitions or divestitures or other strategic transactions or projects, including loss of synergies following business divestitures; uncertainty or changes in political or economic conditions in the U.S., Canada or other countries in which we sell our products, including the effects of pandemics; global economic and political conditions; the highly cyclical nature of the forest products industry; any difficulties in obtaining timber or wood fiber at favorable prices, or at all; impacts of inflation on the price of goods and services, including changes in the cost of purchased energy and other raw materials; any loss of important customers and resulting accounts receivable credit risk exposure; physical, financial, regulatory, transitional and litigation risks associated with global, regional, and local weather conditions, and climate change; financial, litigation, liability and reputational risks associated with ESG reporting; any disruption in operations or increased labor costs due to labor disputes or occupational health and safety issues; difficulties in our employee relations or in employee attraction or retention, and workforce shortages; disruptions to our supply chain, operations, or the delivery of our products, including due to public health epidemics and workforce shortages; disruptions to our information technology systems including cybersecurity and privacy incidents; risks related to the operation and transition of legacy system applications; negative publicity, even if unjustified; currency fluctuations; any increase in the level of required contributions to our pension plans, including as a result of any increase in the amount by which they are underfunded; our ability to maintain adequate capital resources to provide for all of our substantial capital requirements; the terms of our outstanding indebtedness, which could restrict our current and future operations; increases of interest rates and changes relating to the London Interbank Offered Rate, which could impact our borrowings under our credit facilities; losses that are not covered by insurance; any additional closure costs and long-lived asset impairment or goodwill impairment or accelerated depreciation charges; any need to record additional valuation allowances against our recorded deferred income tax assets or any limitation of our use of certain tax attributes; our exports from one country to another country becoming or remaining subject to duties, cash deposit requirements, border taxes, quotas, or other trade remedies or restrictions; countervailing and anti-dumping duties on imports to the U.S. of the vast majority of our softwood lumber products produced at our Canadian sawmills; any failure to comply with laws or regulations generally; any additional environmental or health and safety liabilities; any violation of trade laws, export controls, or other laws relating to our international sales and operations; adverse outcomes of legal proceedings, claims and governmental inquiries, investigations, and other disputes in which we are involved; the actions of holders of a significant percentage of our common stock; and the potential risks and uncertainties set forth under Part I, Item 1A, "Risk Factors," of our annual report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 1, 2022 and as set forth under Part II, Item 1A, "Risk Factors," of our quarterly report on Form 10-Q for the quarter ended June 30, 2022, filed with the SEC on August 4, 2022, which have been heightened by the COVID-19 pandemic, including related governmental responses and economic impacts, market disruptions and resulting changes in consumer habits. In addition, please refer to the documents that Resolute files with the SEC on Forms 10-Q and 8-K.
All forward-looking statements in this document are expressly qualified by the cautionary statements contained or referred to in this document and in our other filings with the SEC and the Canadian securities regulatory authorities. We disclaim any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products and papers, which are marketed in over 60 countries. The company owns or operates some 40 facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.
Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.
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SOURCE Resolute Forest Products Inc. | https://www.kait8.com/prnewswire/2022/08/04/resolute-reports-second-quarter-2022-results/ | 2022-08-04T22:12:49Z | https://www.kait8.com/prnewswire/2022/08/04/resolute-reports-second-quarter-2022-results/ | false |
WASHINGTON — If you spoke with an environmentalist or a self-proclaimed climate activist recently, you likely found frustration.
"People are dying because of the heat," Mike Minnix, an environmental entrepreneur and founder of Good Land Co. in Columbus, Ohio told us recently.
"The issue I have with Congress right now is they just don't care enough," Minnix said.
"I want to leave the world better for my son," Minnix added.
The frustration felt by Minnix is being felt by many climate activists across the country. Despite President Joe Biden and Democrats controlling the House and Senate for the last year and a half, no major climate change legislation has passed.
That disappointment was displayed at last week's congressional baseball game where climate activists attempted to stop the game to send a message.
OPTIMISM EMERGES
However, after years of frustration, some optimism in the climate community is emerging.
"I feel more hopeful than I have in a really long time," Flora Cardoni is the field director at PennEnvironment, an advocacy group.
She says the Inflation Reduction Act, which is expected to be voted on soon, will deliver badly-needed policy.
"This the biggest significant climate bill we have ever seen at the national level," Cardoni said.
One of the biggest policy changes involves $370 billion worth of tax credits to encourage projects like wind and solar in the United States. That's meant to encourage businesses to change their ways.
"Businesses should be able to put solar on their roofs much more easily," Cardoni said.
The legislation also provides a $7,500 rebate to Americans who buy a new electric vehicle and a $4,500 rebate would be available if you buy a used, electric car.
"This kind of incentive can really help folks make that choice," Cardoni said.
Of course, there are things in the bill that environmentalists aren't exactly thrilled with. The legislation guarantees the U.S. must lease millions of acres of public land and offshore waters for oil and gas development before any can be used for renewable energy. A victory for oil and gas.
The legislation is not expected to receive Republican support because separate provisions raise taxes. Conservatives are worried higher taxes during these turbulent economic times could further strain the economy.
Back at Good Land, Minnix is just happy something appears to be happening.
"Things sometimes take a long time," Minnix said.
The Inflation Reduction Act must still clear the House and Senate before it could head to President Biden's desk. | https://www.wrtv.com/news/national-politics/climate-activists-feeling-optimistic-about-passing-climate-bill-after-years-of-heartache | 2022-08-04T22:13:52Z | https://www.wrtv.com/news/national-politics/climate-activists-feeling-optimistic-about-passing-climate-bill-after-years-of-heartache | true |
The FBI arrested the former governor of Puerto Rico, Wanda Vazquez, Thursday on federal bribery charges. It's related to the financing of her 2020 campaign.
Adrian Florido is a national correspondent for NPR covering race and identity in America.
News from Alabama Public Radio is a public service in association with the University of Alabama. We depend on your help to keep our programming on the air and online. Please consider supporting the news you rely on with a donation today. Every contribution, no matter the size, propels our vital coverage. Thank you. | https://www.apr.org/politics-government/politics-government/2022-08-04/former-puerto-rico-governor-arrested-on-bribery-charges | 2022-08-04T22:17:04Z | https://www.apr.org/politics-government/politics-government/2022-08-04/former-puerto-rico-governor-arrested-on-bribery-charges | false |
NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Levi & Korsinsky notifies investors that it has commenced an investigation of Atara Biotherapeutics, Inc. ("Atara" or the "Company") (NASDAQ: ATRA) concerning possible violations of federal securities laws.
On November 4, 2021, Atara issued a press release touting its T cell immunotherapy product candidate, ATA188. In this release, the Company claimed that there was "positive momentum around the ATA188 program" and "increasing awareness of and excitement . . . among the medical community and industry." Atara also made positive statements about ATA188 with regard to patients' sustained disability improvement and about Atara's progress with enrollment in Phase 2 efficacy and safety studies.
Then, on February 28, 2022, Atara issued a press release attached to their Form 8-K, providing an update on ATA188. The Company claimed that "a key data point at the time of the interim analysis will be EDSS [expanded disability status scale] improvement at six months for applicable patients. In the Phase 1 study, EDSS improvement at six months was >85 percent predictive of achieving sustained EDSS improvement at 12 months, the primary endpoint of EMBOLD [Phase 2 randomized, placebo-controlled study]." Stock price fell from $12.85 per share to $10.21 per share the next trading day, as the market reacted negatively to this prediction.
On July 12, 2022, after the market closed, Atara announced the completion of its interim analysis of its phase 2 EMBOLD study for ATA188. The company stated:
"Based on the analysis of the EMBOLD data available at the time of the IA [interim analysis], there was not a sufficient dataset to draw conclusions about the predictive value of six months EDSS improvement for 12 months EDSS improvement. The IDSMC [Independent Data and Safety Monitoring Committee] believes the six-month interim endpoint may be an inaccurate measure of the potential of this intervention in this condition."
As of 3:50pm on July 13, 2022, ATRA stock traded at $3.905 per share after closing at $8.66 per share on July 12, 2022. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.wsaz.com/prnewswire/2022/08/04/atra-investor-alert-levi-amp-korsinsky-llp-reminds-investors-an-investigation-involving-possible-securities-fraud-violations-by-certain-officers-directors-atara-biotherapeutics-inc/ | 2022-08-04T22:18:26Z | https://www.wsaz.com/prnewswire/2022/08/04/atra-investor-alert-levi-amp-korsinsky-llp-reminds-investors-an-investigation-involving-possible-securities-fraud-violations-by-certain-officers-directors-atara-biotherapeutics-inc/ | false |
RIATH AL-SAMARRAI: Commonwealth Games in Birmingham have been absorbing with strong crowds and an electric atmosphere... but this fun platform needs more stars to survive
- There are around 6,500 athletes competing at the Commonwealth Games
- But a host of top athletes have decided to miss the £800m event in Birmingham
- Best way to sell event to broadcasters and governments is the lure of star names
There are charming quirks and delightful tales wherever you turn at the Commonwealth Games. One of the best of them was first off in the cycling time trial in Wolverhampton’s West Park at midday on Thursday.
The chap’s name is Chris Symonds, a 48-year-old riding for Ghana. Where his story is a little different comes from his day job — he works as a doorman at the House of Commons, has done for 20 years. As he says: ‘Your MP would know me.’
It is easy to love all that. Those who watch sport through the narrow lens of wins and medals are missing an awful lot of the fun. They miss Symonds talking of a training regime that includes his 12-mile each-way commute to Westminster; they miss the 47-year-old cyclist from Walsall, Jim Horton, who now is an immigration officer in the Falklands and was riding for them here. He saw Mark Cavendish the other day and was buzzing. It’s lovely stuff.
Adam Peaty has been a star attraction at the Commonwealth Games in Birmingham
And yet, it is tempting to go back to what Symonds says about the MPs. They know him, but how much do we know of so many at the centre of this £800m party in the midlands?
There are around 6,500 athletes at these Commonwealth Games. The issue there is a simple one: for all the absorbing sport, strong crowds and atmosphere, how many of those competitors can you name? There are the easy ones: Adam Peaty, Geraint Thomas, Laura Kenny, Katarina Johnson-Thompson, Laura Muir, Cavendish and Keely Hodgkinson are the most prominent from the home nations.
Then you can go for Emily Campbell, that force of nature breaking records in the weightlifting. Or Eilish McColgan, returning the 10,000m title to a famous family. From further afield, there is Chad le Clos or Elaine Thompson-Herah, the five-time Olympic champion and arguably the best sprinter of any gender in the world.
But who next? There’s no Dina Asher-Smith, no Tom Daley, no Max Whitlock — respectively injured, campaigning and commentating. More curiously there’s the case of Shelly-Ann Fraser-Pryce, the Jamaican winner of 23 major sprinting medals. She’s here but not here in that she is at the Games, but only to prepare for a modest meet in Italy.
Jamaican sprint star Shelly-Ann Fraser-Pryce is in Birmingham but not competing at the Games
And that’s a serious problem. Not in the immediate sense because more than a million tickets have been sold for these Games, with 30,000 at each of the 12 sessions of athletics alone. The atmosphere at the Alexander Stadium on Wednesday, when McColgan won gold and hugged her mother Liz, was as good as any at a track in this country since Super Saturday in 2012.
The issue comes from what happens next, because these old Games are already a creaking, wooden ship in a modern storm — it is only in Birmingham at all is because Durban pulled out as hosts. The sporting calendar has never been so frenzied, the staging of big events has never been so expensive, and the most bankable way of selling these gigs to broadcasters and governments is the lure of star names — athletes with recognisable faces you can put on a poster or advert.
That so few are in Birmingham will be a worry for the Games at a point when they fight for their place in the order, with no rush of bidders to stage the 2030 event. They are enjoying the present but with significant anxiety about the future. Athlete indifference, and from there the sight of weakened competition, is even more damaging than whatever chin-stroking we do about the problematic connotations of the Commonwealth and what it represents.
The crowds have been strong in Birmingham with more than a million tickets sold
Some of the fields here have underlined that point — 16 of the 42 medals available in the artistic gymnastics went to England. One of the para-cycling races featured only four riders. Some of the athletics disciplines have been of lower quality than the British Championships, which itself is no barometer of greatness.
The balance is that the swimming features some powerhouse nations, as does the hockey, and this is grandest stage on which netball and squash appear in the absence of Olympic inclusion.
But if this fun platform is to continue, it needs more. More than a handful of competitive sports. More than marvellous stories of the underdog. What it needs is a few more stars. | https://www.dailymail.co.uk/sport/sportsnews/article-11082007/RIATH-AL-SAMARRAI-Commonwealth-Games-fun-needs-stars-survive.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-04T22:19:19Z | https://www.dailymail.co.uk/sport/sportsnews/article-11082007/RIATH-AL-SAMARRAI-Commonwealth-Games-fun-needs-stars-survive.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
Former Vice President Dick Cheney excoriated Donald Trump in a new campaign video for his daughter Rep. Liz Cheney, calling the former president a “coward” and saying there has never been anyone who is a “greater threat to our republic."
The video was released Thursday by Rep. Cheney's reelection campaign, two weeks before a Republican primary election in Wyoming that the three-term congresswoman is bracing to lose. Echoing the criticism his daughter has made of Trump, Dick Cheney denounced him as a danger to the country through his relentless lies about the legitimacy of the 2020 election.
“In our nation’s 246-year history, there has never been an individual who is a greater threat to our republic than Donald Trump," Cheney said. “He tried to steal the last election using lies and violence to keep himself in power after the voters had rejected him.
“He is a coward," Dick Cheney said. "A real man wouldn’t lie to his supporters. He lost his election, and he lost big. I know it, he knows it, and deep down, I think most Republicans know it.”
A spokesperson for Trump did not immediately return an email seeking comment on the video.
Trump has made defeating Liz Cheney a top goal since she joined nine other House Republicans in voting to impeach him for inciting the insurrection on Jan. 6, 2021, at the U.S. Capitol. She further infuriated him by becoming vice chair of the House committee investigating the riot.
Trump has endorsed lawyer Harriet Hageman in Cheney's primary. As the congresswoman has focused her energy on digging in to Trump's role surrounding the Jan. 6 violence, Hageman has barnstormed the state, courting small, rural crowds in the traditional mold of Wyoming politicking, an approach more like the one Cheney herself used to top a crowded Republican primary field to win the state's lone House seat in 2016.
Dick Cheney, who served eight years as President George W. Bush's vice president, has made no secret of his disdain for Trump and the members of his own party who, particularly in the wake of the Capitol riot, shied away from efforts to remove Trump from office.
In January, Dick Cheney and his daughter were the only two Republicans to attend a pro forma session of the House on the anniversary of riot at the Capitol, sitting together in the front row on the Republican side of the chamber.
“Well, it’s not a leadership that resembles any of the folks I knew when I was here for 10 years,” Dick Cheney said after that gathering, noting the absence of other Republicans in the chamber of which he was a member in the 1980s.
Liz Cheney has faced other fallout from her vote to impeach Trump and join the Jan. 6 House committee. Several months after the impeachment vote, the House GOP dumped her from the No. 3 leadership post for her persistent repudiation of Trump’s election claims. Federal and state election officials and Trump’s attorney general have said there is no credible evidence the 2020 election was tainted.
Asked if he was disappointed by the move, Dick Cheney replied: “My daughter can take care of herself.”
In the new video, the former vice president lauds his daughter for “standing up for the truth, doing what’s right, honoring her oath to the constitution, when so many in our party are too scared to do so.”
“There is nothing more important she will ever do than lead the effort to make sure that Donald Trump is never again near the Oval Office, and she will succeed,” Cheney said. "I proudly voted for my daughter. I hope you will, too.”
___
Meg Kinnard can be reached at http://twitter.com/MegKinnardAP
___
Follow AP for full coverage of the midterms at https://apnews.com/hub/2022-midterm-elections and on Twitter, https://twitter.com/ap_politics | https://www.clickorlando.com/news/politics/2022/08/04/dick-cheney-calls-trump-a-coward-in-ad-for-daughter-liz/ | 2022-08-04T22:22:34Z | https://www.clickorlando.com/news/politics/2022/08/04/dick-cheney-calls-trump-a-coward-in-ad-for-daughter-liz/ | false |
HONOLULU, Aug. 4, 2022 /PRNewswire/ -- On August 4, 2022, the Board of Directors of Hawaiian Electric Industries, Inc. (HEI) (NYSE-HE) declared HEI's quarterly cash dividend of $0.35 per share, payable September 9, 2022, to shareholders of record at the close of business on August 18, 2022 (ex-dividend date of August 17, 2022). The dividend is equivalent to an annual rate of $1.40 per share.
Dividends have been paid on an uninterrupted basis since 1901. At the indicated annual dividend rate and based on the closing share price on August 4, 2022 of $42.51, HEI's dividend yield is 3.3%.
HEI and Hawaiian Electric Company, Inc. (Hawaiian Electric) intend to continue to use HEI's website, www.hei.com, as a means of disclosing additional information; such disclosures will be included in the Investor Relations section of the website. Accordingly, investors should routinely monitor the Investor Relations section of HEI's website, in addition to following HEI's, Hawaiian Electric's and American Savings Bank's press releases, HEI's and Hawaiian Electric's Securities and Exchange Commission (SEC) filings and HEI's public conference calls and webcasts. Investors may sign up to receive e-mail alerts via the Investor Relations section of the website. The information on HEI's website is not incorporated by reference into this document or into HEI's and Hawaiian Electric's SEC filings unless, and except to the extent, specifically incorporated by reference.
Investors may also wish to refer to the Public Utilities Commission of the State of Hawaii (PUC) website at dms.puc.hawaii.gov/dms to review documents filed with, and issued by, the PUC. No information on the PUC website is incorporated by reference into this document or into HEI's and Hawaiian Electric's SEC filings.
About HEI
The HEI family of companies provides the energy and financial services that empower much of the economic and community activity of Hawaii. HEI's electric utility, Hawaiian Electric, supplies power to approximately 95% of Hawaii's population and is undertaking an ambitious effort to decarbonize its operations and the broader state economy. Its banking subsidiary, American Savings Bank, is one of Hawaii's largest financial institutions, providing a wide array of banking and other financial services and working to advance economic growth, affordability and financial fitness. HEI also helps advance Hawaii's sustainability goals through investments by its non-regulated subsidiary, Pacific Current. For more information, visit www.hei.com.
Contact: Julie Smolinski
Vice President, Investor Relations & Corporate Sustainability
Telephone: (808) 543-7300
E-mail: ir@hei.com
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- Q2 2022 Adjusted EBITDA1 of $450 million
- Q2 2022 Net Earnings of $81 million, or $0.52 per share
- Q2 2022 Adjusted Earnings1 of $166 million, or $1.07 per share
- Increases 2022 Adjusted EBITDA Guidance1 to between $1.6 and $1.7 billion
- Announced agreement to issue 20 million Parkland common shares to consolidate our 100 percent ownership of Sol, our International Segment
CALGARY, AB, Aug. 4, 2022 /PRNewswire/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI), today announced its financial and operating results for the three and six months ended June 30, 2022.
Q2 2022 Highlights
- Adjusted EBITDA attributable to Parkland ("Adjusted EBITDA")1 of $450 million, up approximately 40 percent from Q2 2021, underpinned by acquisitions, consistent operating performance and organic growth.
- Net earnings attributable to Parkland of $81 million, ($0.52 per share, basic), up approximately $145 million ($0.94 per share, basic) from Q2 2021, and Adjusted earnings attributable to Parkland1 of $166 million, ($1.07 per share, basic), up $70 million ($0.43 per share) from Q2 2021.
- Trailing twelve months ("TTM") distributable cash flow1 of $748 million ($4.86 per share) and Q2 2022 cash generated from operating activities of $341 million, both broadly in line with Q2 2021.
- Reduced leverage ratio1 by 0.3x from 3.5x in Q1 2022 to 3.2x.
- Fuel volumes of approximately 6.4 billion litres, up over 12 percent from Q2 2021, reflecting the strength of our marketing business and the impact of acquisitions.
- Completed the previously disclosed acquisition of four Eastern Canadian product terminals, extending our supply advantage and positioning us to accelerate our decarbonization strategy.
- Continued to expand our JOURNIE™ Rewards loyalty program, attracting approximately 300,000 new members for a total of 3.5 million members.
"Our record results demonstrate the resilience of our integrated business model and our ability to grow throughout economic cycles," said Bob Espey, President and Chief Executive Officer. "The Parkland team continues to serve the needs of our customers, while simultaneously mitigating inflation, driving organic growth and strengthening our financial flexibility."
"Consistent with our strategy, we continue to thoughtfully integrate acquisitions, capture synergies and reduce our leverage ratio," added Espey. "Our operational performance year-to-date gives us confidence to increase our 2022 Adjusted EBITDA guidance. We are firmly on track with our ambition for $2 billion run-rate of Adjusted EBITDA by mid-decade."
Q2 2022 Segment Highlights
- Canada delivered Adjusted EBITDA1 of $174 million, up 38 percent, from Q2 2021 ($126 million). Performance was underpinned by robust margins and increased fuel volumes as a result of ongoing COVID recovery, the M&M and Crevier acquisitions, and organic growth. Our previously announced acquisition of select Husky branded retail locations is expected to close later this year.
- International delivered Adjusted EBITDA of $87 million, up 32 percent, from Q2 2021 ($66 million). Performance was underpinned by increased fuel volumes driven by continued recovery in tourism, aviation, and wholesale, acquisitions and synergy capture. Subsequent to the quarter, we completed our previously disclosed acquisition of the Jamaican business of GB Group and announced a share exchange for the remaining 25 percent of Sol Investments SEZC ("Sol"), to consolidate our 100 percent ownership of our International Segment.
- USA delivered Adjusted EBITDA of $51 million, up 70 percent, from Q2 2021 ($30 million). Performance was underpinned by the impact of prior year acquisitions, synergy capture, organic growth in our commercial and wholesale business and robust margins.
- Refining delivered Adjusted EBITDA1 of $164 million, up 33 percent, from Q2 2021 ($123 million). Performance was underpinned by strong refining margins, partially offset by a power outage caused by a third party. Composite utilization2 was 88.4 percent (97.4 percent in Q2 2021).
Updated 2022 Guidance
- Adjusted EBITDA (attributable to Parkland) increased to $1.6 – $1.7 billion (up from previous guidance of $1.5 billion +/- 5 percent).
- Capital expenditures (attributable to Parkland) are on track for the low-end of our previously guided range of between $425 million and $525 million.
The factors and assumptions which contribute to Parkland's assessment of the increased 2022 Adjusted EBITDA Guidance are consistent with existing Parkland disclosures and such guidance is subject to risks and uncertainties inherent in Parkland's business. Readers are directed to the "Risk Factors" section in the Q2 2022 MD&A and Parkland's Revised Annual Information Form dated March 17, 2022 for a description of such factors, assumptions, risks and uncertainties. All other elements of Parkland's previous guidance remain unchanged.
Sustainability Leadership
Sustainability is deeply embedded across our business. Notable accomplishments from the second quarter, and year-to-date, include:
- Reflecting our focus on safety, we more than halved our TTM lost time injury frequency rate2 to 0.12 (Q2 2021: 0.26) and lowered our TTM total recordable injury frequency rate2 to 1.06 (Q2 2021: 1.19).
- Co-processed over 30 million litres of bio-feedstocks during Q2 2022, and 50 million litres year-to-date. This has the equivalent environmental impact of taking over 24,000 and 40,000 cars off the road, respectively.
- Announced we are advancing our renewable fuel project, to be over 40 percent funded by the Government of British Columbia ("BC"), to expand our co-processing activity and build BC's largest renewable diesel complex at our Burnaby Refinery. A Final Investment Decision is expected in the second half of 2023. Should this project advance, the renewable fuels produced will equate to the permanent removal of 700,000, or 25 percent of the passenger vehicles on BC's roads.
- Generated $18 million of Total Renewable Adjusted EBITDA1 in Q2 2022.
- Subsequent to the quarter (July 12, 2022), we published our 2021 Sustainability Report. In addition to highlighting our accomplishments, the timing of this report sets a new annual cadence for publishing future sustainability reports which more closely aligns with our annual reporting calendar. To read the 2021 Sustainability Report, please visit: https://www.parkland.ca/en/sustainability/overview
Consolidated Financial Overview
Q2 2022 Conference Call and Webcast Details
Parkland will host a webcast and conference call on Friday, August 5, at 6:30 am MDT (8:30 am EDT) to discuss the results. To listen to the live webcast and watch the presentation, please use the following link:
https://app.webinar.net/8OZXrAXJQa5
Analysts and investors interested in participating in the question and answer session of the conference call may do so by calling 1-888-390-0546 (toll-free) (Conference ID: 77903406). International participants may call 1-800-389-0704 (toll free) (Conference ID: 77903406).
Please connect and log in approximately 10 minutes before the beginning of the call. The webcast will be available for replay two hours after the conference call ends at the link above. It will remain available for one year and will also be posted to www.parkland.ca.
MD&A and Consolidated Financial Statements
The management's discussion and analysis for the three and six months ended June 30, 2022 (the "Q2 2022 MD&A") and consolidated financial statements for the three and six months ended June 30, 2022 (the "Q2 2022 Consolidated Financial Statements") provide a detailed explanation of Parkland's operating results for the three and six months ended June 30, 2022. An English version of these documents will be available online at www.parkland.ca and SEDAR after the results are released by newswire under Parkland's profile at www.sedar.com. The French versions of the Q2 2022 MD&A and Consolidated Financial Statements will be posted to www.parkland.ca and SEDAR as soon as they become available.
About Parkland Corporation
Parkland's purpose is to Power Journeys and Energize Communities. We serve essential needs in our communities, providing our customers with the essential fuels they depend on to get around, quality foods and convenience items, while helping them achieve their goals of lowering their environmental impact. Through our portfolio of trusted and locally relevant brands, we serve well over one million customers per day across Canada, the United States, the Caribbean region and Central and South America.
In addition to leveraging our supply and storage capabilities to provide the essential fuels our diverse customers depend on; we are leading our customers through the energy transition. From electric vehicle charging, renewable fuels, solar energy and compliance and carbon offset trading, we are leaders in helping our customers lower their environmental impact.
Parkland's proven strategy is centered around organic growth, our supply advantage, acquiring prudently, and integrating successfully. We are focused on developing our existing business in resilient markets, growing, and diversifying our retail business into food, convenience, and renewable energy solutions and helping our commercial customers decarbonize their operations. Our strategy is underpinned by our people, as well as our values of safety, integrity, community, and respect, which are deeply embedded across our organization.
Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking information and statements (collectively, "forward-looking statements"). When used in this news release the words "expect", "will", "could", "would", "believe", "continue", "pursue" and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things: business objectives and strategies, the 2022 Adjusted EBITDA Guidance and the 2022 capital expenditure guidance and expectations relating thereto; consolidating 100 percent ownership of Sol and the completion thereof; being on track to achieve its ambition for $2 billion of Adjusted EBITDA by mid-decade; completing the acquisition of select Husky branded retail locations; integrating acquisitions, capturing synergies and reducing leverage ratio; continuing to meet customers' needs; its 'Drive to Zero' strategy and goals with respect thereto; supporting the governments' goals of achieving net-zero emissions by 2050; expanding its co-processing activity and building BC's largest renewable diesel complex at the Burnaby Refinery, the completion, funding and timing thereof and the expected benefits relating thereto; future sustainability reports and the timing thereof; and its energy transition strategy and its goals and projects relating thereto.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to: general economic, market and business conditions, including the duration and impact of the COVID-19 pandemic and the Russia-Ukraine conflict; Parkland's ability to execute its business strategies, including without limitation; Parkland's ability to successfully integrate acquisitions, capture synergies, reduce its leverage ratio, successfully implement organic growth initiatives and to finance such acquisitions and initiatives on reasonable terms; Parkland's ability to achieve its goals and targets relating to its "Drive to Zero" strategy; Parkland's ability to complete transactions and projects, including consolidating 100 percent ownership of Sol, the acquisition of select Husky brand retail locations and expanding its co-processing activity and building BC's largest renewable diesel complex at the Burnaby Refinery; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in "Forward-Looking Information" and "Risk Factors" included in Parkland's Revised Annual Information Form dated March 17, 2022, and "Forward-Looking Information" and "Risk Factors" included in the Q2 2022 MD&A dated August 4, 2022, each filed on SEDAR and available on the Parkland website at www.parkland.ca. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Non-Financial Measures
Parkland uses a number of non-financial measures, including composite utilization, TTM lost time injury frequency rate and TTM total recordable injury frequency rate, in measuring the success of our strategic objectives and to set variable compensation targets for employees. These non-financial measures are not accounting measures, do not have comparable International Financial Reporting Standards ("IFRS") measures, and may not be comparable to similar measures presented by other issuers, as other issuers may calculate these metrics differently. See Section 14 of the Q2 2022 MD&A, which is incorporated by reference into this news release, for further details on the non-financial measures used by Parkland.
Specified Financial Measures
This news release contains total of segments measures, non-GAAP financial measures and ratios and supplementary financial measures and capital management measures (collectively, "specified financial measures"). Parkland's management uses certain specified financial measures to analyze the operating and financial performance, leverage and liquidity of the business. These specified financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The specified financial measures should not be considered in isolation or used in substitute for measures of performance prepared in accordance with IFRS. See Section 14 of the Q2 2022 MD&A, which is incorporated by reference into this news release, for further details regarding specified financial measures used by Parkland.
Non-GAAP Financial Measures and Ratios
Adjusted earnings is a non-GAAP financial measure and Adjusted earnings per share is a non-GAAP financial ratio included in this news release to assist management, investors and analysts with the analysis of the core operating performance of business activities of Parkland on a consolidated level. This non-GAAP financial measure and ratio do not have any standardized meaning under IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. The non-GAAP financial measures and ratios should not be considered in isolation or used in substitute for measures of performance prepared in accordance with IFRS. Except as otherwise indicated, these non-GAAP measures and ratios are calculated and disclosed on a consistent basis from period to period. See section 14 of the Q2 2022 MD&A, which is incorporated by reference into this news release, for further details regarding Parkland's non-GAAP financial measures and ratios. See below for the reconciliation of Adjusted earnings (loss) to net earnings (loss) and calculation of Adjusted earnings (loss) per share for the three months ended June 30, 2022 and June 30, 2021.
TTM distributable cash flow is a non-GAAP financial measure and TTM distributable cash flow per share is a non-GAAP ratio. TTM distributable cash flow is a cash metric that adjusts for the impact of seasonality in Parkland's business by removing non-cash working capital items and excludes the effect of items that are not considered representative of Parkland's ability to generate cash flows. Such items include: (i) acquisition, integration, and other costs; (ii) turnaround maintenance capital expenditures, and; (iii) interest on leases and long-term debt, and principal payments on leases attributable to non-controlling interests. Distributable cash flow does not have any standardized meaning under IFRS and is therefore unlikely to be comparable to similar measures presented by other companies. Parkland uses this non-GAAP financial measure to monitor normalized cash flows of the business by eliminating the impact of Parkland's working capital fluctuations and expenditures used in acquisition, integration and other activities, which can vary significantly from quarter-to-quarter.
Supplementary Financial Measures
Parkland uses a number of supplementary financial measures, including dividends per share, TTM dividends and TTM cash generated from (used in) operating activities, to evaluate the success of our strategic objectives and to set variable compensation targets for employees. These measures may not be comparable to similar measures presented by other issuers, as other issuers may calculate these metrics differently. See Section 14 of the Q2 2022 MD&A, which is incorporated by reference into this news release, for further details regarding supplementary financial measures used by Parkland.
Capital Management Measures
Parkland's primary capital management measure is the Leverage Ratio, which is used internally by key management personnel to monitor Parkland's overall financial strength, capital structure flexibility, and ability to service debt and meet current and future commitments. The Leverage Ratio is calculated as a ratio of Leverage Debt to Leverage EBITDA and does not have any standardized meaning prescribed under IFRS. It is therefore unlikely to be comparable to similar measures presented by other companies. See Section 14 of the Q2 2022 MD&A, which is incorporated by reference into this news release, for further details regarding capital management measures used by Parkland.
Total of Segments Measures
Adjusted EBITDA is a total of segments measure used by the chief operating decision maker to make decisions about resource allocation to the segment and to assess its performance. Adjusted EBITDA for the Canada and Refining segments and Total Renewable Adjusted EBITDA (being a summation of Canada and Refining segment renewable subsegments) are also total of segments measures. In accordance with IFRS, adjustments and eliminations made in preparing an entity's financial statements and allocations of revenue, expenses, and gains or losses shall be included in determining reported segment profit or loss only if they are included in the measure of the segment's profit or loss that is used by the chief operating decision maker. As such, Parkland's Adjusted EBITDA is unlikely to be comparable to similarly named measures presented by other issuers, who may calculate these measures differently. Parkland views Adjusted EBITDA as the key measure for the underlying core operating performance of business segment activities at an operational level. Adjusted EBITDA is used by management to set targets for Parkland (including annual guidance and variable compensation targets) and is used to determine Parkland's ability to service debt, finance capital expenditures and provide for dividend payments to shareholders. See Section 14 of the Q2 2022 MD&A, which is incorporated by reference into this news release, for further details regarding total of segments measures used by Parkland. Refer to the table below for the reconciliation of Adjusted EBITDA to net earnings (loss) for the three months ended June 30, 2022 and June 30, 2021.
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CALGARY, AB, Aug. 4, 2022 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that its Board of Directors has declared a common share cash dividend for August 2022 of $0.21 per share to be paid, subject to applicable law, on September 15, 2022, to shareholders of record on August 25, 2022. The common share dividends are designated "eligible dividends" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered "qualified dividends" and may be subject to Canadian withholding tax.
For shareholders receiving their common share dividends in U.S. funds, the August 2022 cash dividend is expected to be approximately U.S. $0.1633 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7778. The actual U.S. dollar dividend will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.
Confirmation of Record and Payment Date Policy
Pembina pays cash dividends on its common shares in Canadian dollars on a monthly basis to shareholders of record on the 25th day of each month (except for the December record date, which is December 31st), if, as and when determined by the Board of Directors. Should the record date fall on a weekend or a statutory holiday, the effective record date will be the previous business day. The dividend payment date is the 15th day of the month following the record date. Should the payment date fall on a weekend or on a statutory holiday, the business day prior to the weekend or statutory holiday becomes the payment date.
About Pembina
Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 65 years. Pembina owns an integrated network of hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and a growing export terminals business. Through our integrated value chain, we seek to provide safe and reliable infrastructure solutions which connect producers and consumers of energy across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit pembina.com.
Purpose of Pembina:
To be the leader in delivering integrated infrastructure solutions connecting global markets:
- Customers choose us first for reliable and value-added services;
- Investors receive sustainable industry-leading total returns;
- Employees say we are the 'employer of choice' and value our safe, respectful, collaborative and inclusive work culture; and
- Communities welcome us and recognize the net positive impact of our social and environmental commitment.
Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division.
Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit www.pembina.com.
Forward-Looking Information and Statements
This news release contains certain forward-looking information and statements (collectively, "forward-looking statements"), including forward-looking statements within the meaning of the "safe harbor" provisions of applicable securities legislation, that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as "continue", "anticipate", "schedule", "will", "expects", "estimate", "potential", "planned", "future", "outlook", "strategy", "protect", "trend", "commit", "maintain", "focus", "ongoing", "believe" and similar expressions suggesting future events or future performance.
In particular, this news release contains forward-looking statements relating to: future dividends which may be declared on Pembina's common shares; the timing and the amount of such dividend payments; and the expected tax treatment thereof. The forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release regarding, among other things: the success of Pembina's operations and growth projects; prevailing commodity prices, margins, volumes and exchange rates; that Pembina's future results of operations will be consistent with past performance and management expectations in relation thereto; the availability of capital to fund future capital requirements relating to existing assets and projects; future operating costs; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner; prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins; and the availability of coverage under Pembina's insurance policies (including in respect of Pembina's business interruption insurance policy).
Although Pembina believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to: the regulatory environment and decisions; Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third parties to successfully operate and maintain certain assets; the strength and operations of the oil and natural gas production industry and related commodity prices; non-performance or default by counterparties to agreements which Pembina or one or more of its affiliates has entered into in respect of its business; actions by governmental or regulatory authorities; the ability of Pembina to acquire or develop the necessary infrastructure in respect of future development projects; fluctuations in operating results; adverse general economic and market conditions in Canada, North America and worldwide; risks relating to the current and potential adverse impacts of the COVID-19 pandemic; the ability to access various sources of debt and equity capital; changes in credit ratings; counterparty credit risk; the conflict between Ukraine and Russia and its potential impact on, among other things, global market conditions and supply and demand, energy and commodity prices; interest rates, supply chains and the global economy generally; and certain other risks and uncertainties detailed in Pembina's management's discussion and analysis and annual information form, each for the year ended December 31, 2021, and from time to time in Pembina's public disclosure documents available at www.sedar.com, www.sec.gov and through Pembina's website at www.pembina.com.
This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause actual results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this news release speak only as of the date hereof. Pembina does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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WASHINGTON (Nexstar) — Democrats say they’re on the brink of passing groundbreaking legislation that will make huge investments in green energy and domestic energy production.
They say it will help lower energy bills for American families. But to do it, they need to lock in the vote of Democrat Kirsten Sinema.
“We’re going to invest $369 billion to address the climate crisis,” President Biden said.
“Senate Democrats are delivering on historic climate change legislation, we’re delivering on lower prices on prescription drugs, we’re delivering on tax fairness,” added Senator Chuck Schumer (D-N.Y.).
Republicans like South Dakota Senator John Thune are highly critical of the package.
“I’m not really sure why the federal government is going to be spending money on electric garbage trucks or how that’s going to reduce inflation,” he said.
But Democrats say fighting climate change is worth the investment.
“This bill will cut our carbon emissions by 40% in just eight years,” said Senator Elizabeth Warren (D-Calif.).
Those greenhouse gases warm the planet and make natural disasters like droughts, wildfires and hurricanes worse.
“The Inflation Reduction Act will help us avoid the cost both in dollars and in lives,” Warren said.
The congressional budget office estimates the bill will pay for itself and reduce the deficit. But Texas Senator John Cornyn has a problem with how the legislation is being presented.
The first thing is it’s misnamed, it’s not an Inflation Reduction Act, at best it stays constant,” he said.
President Biden said Thursday that savings will be passed on to Americans by bringing down energy costs The legislation also is expected to create good-paying jobs in the green energy sector. | https://www.fox16.com/washington/washington-dc/democrats-attempting-to-pass-historic-climate-change-legislation/ | 2022-08-04T22:30:19Z | https://www.fox16.com/washington/washington-dc/democrats-attempting-to-pass-historic-climate-change-legislation/ | true |
Marines, Families, Workers Turn to Thomas J. Henry After Developing Serious Cancers and Illnesses at Camp Lejeune
SAN ANTONIO, Aug. 4, 2022 /PRNewswire/ -- Nationally recognized trial attorney Thomas J. Henry is representing Marine veterans and their families as they seek financial compensation for cancers and other serious illnesses suffered as a result of contaminated water at Marine Base Camp Lejeune in Jacksonville, North Carolina.
On August 2, the United States Senate passed the PACT Act. This bill will allow Marines, families, and individuals who served, lived, and worked at Camp Lejeune to pursue financial compensation for damages related to contaminated water at the base.
In anticipation of President Biden signing the bill into law, Marines and families across the county have hired Thomas J. Henry to represent them in their Camp Lejeune claims.
According to the Agency for Toxic Substances and Disease Registry, contamination of drinking water at Camp Lejeune can be traced back to the early 1950s. The agency notes that contaminated wells remained open until 1985. Among the dangerous chemicals found in the contaminated water at Marine Base Camp Lejeune are benzene, trichloroethylene (TCE), perchloroethylene (PCE), and vinyl chloride (VC).
These toxic chemicals have been linked to a number of serious diseases and disorders including various organ cancers, multiple myeloma, non-Hodgkin's lymphoma, leukemia, Parkinson's disease, and birth defects.
Thomas J. Henry Law, PLLC is actively reviewing calls from Marines and families stationed at Camp Lejeune to ensure they are able to seek compensation for the damages they have suffered.
"It is appalling to know these Marines and their families were exposed to toxic chemicals while at Camp Lejeune," said Thomas J. Henry. "These men and women put their lives on the line for our country, and our government failed to provide them with even the most basic of needs: safe drinking water."
This is not the first time Thomas J. Henry has taken up the fight on behalf of our nation's service members and veterans. Thomas J. Henry was among the first to take action against 3M for defective combat earplugs issued to military members. His firm launched a campaign to raise awareness of the potentially defective earplugs and filed litigation to ensure service members would have the opportunity to secure compensation for their damages.
Thomas J. Henry currently represents more than 10,000 service members in their claims against 3M. Recently, one of the 3M-related cases handled by Thomas J. Henry Law was recognized as securing one of the Top 10 Personal Injury Verdicts in Florida for 2021 as determined by TopVerdict.com.
Thomas J. Henry Law, PLLC is one of the nation's leading personal injury firms. Since 1993, the firm has fought to secure justice and compensation for individuals who have lost loved ones due to the negligence of others and to prevent similar instances of wrongful death from occurring again. Over that time, Thomas J. Henry and his firm have been the recipients of numerous awards and recognitions.
In 2022, Thomas J. Henry was recognized as an Attorney of the Year by Top 100 Lawyers (Top 100 Registry, Inc.) for Outstanding Achievement in Personal Injury and Mass Tort. He was also named a Top 10 Trucking Trial Lawyer by The National Trial Lawyers and a Legal Superstar of 2022 by Newsweek.com.
In 2021, Thomas J. Henry Law, PLLC was named "Law Firm of the Year" by the American Institute of Legal Professionals, and Thomas J. Henry secured one of the Top 50 Verdicts in Texas as determined by TopVerdict.com. TopVerdict.com also recognized Thomas J. Henry Law, PLLC for securing one of the Top 10 Personal Injury Verdicts in Florida for 2021.
In 2020, firm founder Thomas J. Henry was named one of SA Scene Magazine's Best San Antonio Lawyers. Thomas J. Henry was also recognized in Texas Lawyer's (an ALM Company) Southwest Top Verdicts and Settlements of 2020 for securing the #1 Gross Negligence Verdict for the year.
In 2019, Thomas J. Henry Law, PLLC was recognized as one of the nation's Premier Law Firms by Newsweek.com. That same year, Bloomberg Businessweek published a feature on Thomas J. Henry, highlighting his firm's "clear commitment to client satisfaction." Thomas J. Henry was also named the Best Attorney of San Antonio by the SA Current.
In 2018, Thomas J. Henry was named a Distinguished Lawyer by Lawyers of Distinction and was also recognized as one of the Best Personal Injury Attorneys in the nation by Newsweek.com. In 2017, Thomas J. Henry achieved one of the 10 largest verdicts recorded in Texas for the year (awarded to Thomas J. Henry by Texas Lawyer, an ALM company) as well as the #1 Texas Car Accident, Bus Accident, and Negligent Supervision Verdicts for the year (awarded to Thomas J. Henry by TopVerdict.com).
Other recent results include:
- $50 Million for a Trucking Accident Resulting in Wrongful Death (Expenses: $1,126,381 | Attorney's Fees: $21,000,000 | Net to Client: $27,000,000)
- $35 Million for a Trucking Accident Resulting in Wrongful Death (Expenses: $100,000.00 | Attorney's Fees: $12,750,000.00 | Net to Client: $22,150,000.00)
- $30.2 Million for an Accident Involving a Recalled Vehicle Resulting in Spinal Cord and Back Injuries (Expenses: $39,576.15 | Attorney's Fees: $10,060,980.00 | Net to Client: $20,121,960.57)
- $12.7 Million for a Medical Malpractice Resulting in Spinal Cord and Back Injuries (Expenses: $300.000.00 | Attorney's Fees: $2,000,000.00 | Net to Client: $10.4 Million - Purchase of Lifetime Annuity)
- $10.9 Million for Medical Malpractice Resulting in Spinal Cord and Back Injuries (Expenses: $300,000.00 | Attorney's Fees: $3,200,000.00 | Net to Client: $4,029,762.00 - Purchase of Lifetime Annuity)
- $10 Million for a Company Vehicle Accident Resulting in Spinal Cord and Back Injuries (Expenses: $125,000.00 | Attorney's Fees: $4,250,000.00 | Net to Client: $5,625,000.00)
In 2016, Forbes Magazine named Thomas J. Henry a "Texas Leader in Law," noting his ability to secure large financial awards, a positive reputation among professional peers, and a dedication to philanthropy at the local, national, and global levels.
Thomas J. Henry is also a lifetime member of both the Multi-Million Dollar Advocates Forum and of Rue Ratings' "Best Attorneys of America."
Outside of the courtroom, the firm is known for its many philanthropic endeavors and generous contributions to local and global communities.
The firm has an active philanthropy program that supports causes related to poverty, veterans, national disaster relief, education, animals, and the arts.
Press Contact: Norah Lawlor
Lawlor Media Group. www.lawlormediagroup.com T: 212.967.6900
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WINSTON-SALEM, N.C., Aug. 4, 2022 /PRNewswire/ -- Today the Blue Ridge Environmental Defense League released a report which shows that hazardous air quality during the Weaver Fertilizer Plant fire was downplayed.
The report Winston-Salem Weaver Fertilizer Plant Fire - Analysis of Publicly Disseminated Air Quality Information During Facility Fire Incident highlights instances when local officials told the public that the air quality was okay and pollutants were just "irritants" when, in fact, levels of Particulate Matter 2.5 were in the U.S. Environmental Protection Agency's hazardous and very unhealthy categories.
It has been six months since the Weaver fertilizer plant fire which began on the evening of January 31. BREDL has recently received EPA air quality data through the Freedom of Information Act (FOIA) which show that hazardous air quality conditions were downplayed during this industrial incident. We are still waiting for information from a March 22, 2022 open records request with the North Carolina Department of Environmental Quality.
The report compares official statements to the then current air quality data, specifically PM 2.5. This air quality data was available to the fire command center in real time but was not available to the general public.
Once EPA set up temporary air monitors around the perimeter of the fire, 29 hours into the incident, the PM 2.5 readings were well into the hazardous category. These air monitors became operational around midnight on Wednesday, February 2.
Five hours later during a press conference officials stated that "all levels have been in the acceptable range". While, in fact, PM 2.5 concentrations were as high as 9200 micrograms per cubic meter (ug/m3) at the temporary air monitor located at the Wake Forest University police station. EPA community action hazardous conditions start at a concentration of 500 ug/m3.
Mark Barker, author of the BREDL Report, said, "On the afternoon of February 2 a Wake Forest University alert stated that the EPA indicated air quality readings on and near campus posed no threat to individual health and was safe to breathe. However, the on campus EPA air quality data indicated hazardous and very unhealthy PM 2.5 levels."
PM 2.5 has long been associated with significant health effects especially impacting respiratory and heart conditions.
The community within a one-mile radius of the Weaver facility has a high prevalence of asthma and heart disease according to EPA's EJScreen tool.
Barker said, "Our analysis leads us to make several recommendations for local, state and federal officials during industrial incidents: be transparent in reporting air quality and associated health impacts, make air quality data available to the public, include an air quality expert in incident press briefings and statements, utilize EJScreen to identify vulnerable communities, and incorporate temporary air monitors into existing EPA current air quality maps."
The BREDL report is available online at www.bredl.org/reports.htm.
Contact: Mark Barker
(540) 342-5580 (landline)
(540) 525-5241 (mobile)
mbarker@bredl.org
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VANCOUVER, BC, Aug. 4, 2022 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA), (the "Company", "Ritchie Bros.", "we", "us", or "our") reported the following results for the three months ended June 30, 2022.
(All figures are presented in U.S. dollars)
"As our marketplace vision takes shape, Ritchie Bros. momentum continues with 10% GTV growth in the quarter despite a persistently tight supply environment. We are learning and gaining confidence from our growth initiatives and will continue to prudently invest in local yards, sales coverage and services to accelerate our topline while we advance our marketplace technology," said Ann Fandozzi, CEO of Ritchie Bros.
"We are pleased with our continued strong financial performance in the quarter with service revenue growth significantly outpacing our double digit GTV growth. For example, Ritchie Bros. Financial Services revenue grew 69% as our investments in this area continue to bear fruit," said Eric Jacobs, CFO of Ritchie Bros.
Net income attributable to stockholders decreased 12% to $53.4 million, compared to $60.7 million in the second quarter of 2021. Diluted earnings per share ("EPS") attributable to stockholders decreased 13% to $0.48 per share in the second quarter of 2022 as compared to $0.55 per share in the second quarter of 2021. Non-GAAP diluted adjusted EPS attributable to stockholders increased 10% to $0.74 per share in the second quarter of 2022 compared to $0.67 per share in the second quarter of 2021.
For the second quarter of 2022 as compared to the second quarter of 2021:
- Total revenue increased 22% to $484.5 million
- Operating income increased 3% to $91.9 million
- Non-GAAP adjusted operating income increased 12% to $119.6 million
- Net income decreased 12% to $53.4 million
- Non-GAAP adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA) increased 11% to $136.2 million
- Cash provided by operating activities was $198.0 million for the first six months of 2022
- Cash on hand at the end of second quarter of 2022 was $531.7 million, of which $367.3 million was unrestricted, and restricted cash decreased 84% in the six month period ending June 30, 2022 as a result of the redemption of the Company's 2021 Notes1 in the quarter for $931.0 million
- GTV2 increased 10% to $1.7 billion and increased 13% when excluding the impact of foreign exchange
- A&M total revenue increased 22% to $433.0 million
- Other Services total revenue increased 29% to $51.5 million
In addition, the total number of organizations activated on the Company's Business Inventory Management System ("IMS"), a gateway into its marketplace, increased by 50% as compared to the first quarter of 2022.
- On June 2, 2022, the Company announced the appointment of Eric Jacobs as its Chief Financial Officer, effective June 6, 2022. Sharon Driscoll, the former Chief Financial Officer, is remaining with the Company in an advisory capacity to assist with the transition prior to her previously announced retirement.
Financial Overview
(Unaudited)
Total GTV increased 10% to $1.7 billion and increased 13% when excluding the impact of foreign exchange in the second quarter of 2022. GTV increased year-over-year with consistently strong used equipment values, aided by inflation, partially offset by lower lot counts, unfavourable mix and an unfavourable impact of foreign exchange. In Canada, total GTV increased primarily driven by several large inventory packages in Western Canada and strong year-over-year performances at its agricultural events. Canada also benefited from higher GTV generated by RBFS via PurchaseSafe which provides escrow services for private brokered transactions. In the United States, the Company saw very favourable year-over-year performances across a number of its auctions and began to see the results of its strategic growth initiatives, including from its local yards, and investments made in its sales teams in Texas. In International, total GTV grew significantly in Australia, driven by a higher number of inventory packages and strong performances from a large new national auction event attributable primarily to overall improved market conditions and the lifting of border restrictions.
Total revenue increased 22% to $484.5 million in the second quarter of 2022, with total service revenue increasing by 13% and inventory sales revenue increasing by 38%.
Service revenue increased 13%, with fees revenue increasing 22% and commissions revenue increasing 5%. Fee revenue increased 22% with buyer fees growing faster than GTV increase of 10%, reflecting the increase in buyer fee rates implemented in early 2022. Fees revenue also increased due to higher RBFS revenues on higher funded volumes, and the inclusion of fees from SmartEquip since its acquisition on November 2, 2021.
Commissions revenue increased 5%, slightly less than the 7% increase in Service GTV primarily driven by the non-repeat of several high performing guarantee contracts in Canada, as well as a lower commissions revenue from a higher proportion of GTV contributed by RBFS from facilitating financing arrangements.
Inventory sales revenue increased 38% primarily due to higher activity in Canada. The improved year-over-year performances in Canada were driven primarily by two large inventory contracts in the transportation sector. In International, inventory sales revenue grew in Australia from higher inventory contracts sold at a large new national auction event, as well as a result of the overall improvement in market conditions and the lifting of border restrictions. In the United States, higher volume of inventory contracts contributed to higher inventory sales revenue.
Costs of services increased 9% to $45.0 million, in line with total GTV increase of 10%. This increase was also partly due to higher employee compensation expenses as a result of the acquisition of SmartEquip on November 2, 2021 and in the GovPlanet business to support its growth strategy. In addition, the Company incurred additional fees paid to third parties in connection with profit sharing arrangements on inventory packages. Building, facilities and technology expenses also increased, primarily due to the inclusion of SmartEquip's costs. These increases were partially offset by lower ancillary and logistical service expenses, in line with the decrease in ancillary fees driven by lower fees earned on redeployment of assets in the United States.
Cost of inventory increased 34% to $176.2 million, primarily in line with 38% increase in inventory sales revenue. Cost of inventory sold increased at a lower rate than the increase in inventory sales revenue, indicating an increase in the revenue rates, primarily in Canada.
Selling, general and administrative increased 32% to $144.3 million. Selling, general and administrative includes share-based payments of $13.6 million, non-recurring advisory, legal, and restructuring costs charges of $1.1 million, as well as selling, general and administrative from SmartEquip of $2.9 million. The increases in selling, general and administrative were primarily due to higher short-term incentive expenses and higher share-based payments driven by strong performance. Share-based payments also increased as a result of a higher expense relating to share-based awards issued to senior executives, and higher expense from the premium-priced options and performance share units with market conditions granted in late 2021. Wages, salaries and benefits expenses also increased, driven by a higher headcount, in part due to the acquisition of SmartEquip, as well as to accelerate the Company's growth initiatives and its transformational journey to become a trusted global marketplace. Building, facilities and technology costs also increased mainly due to the amortization of the right-of-use asset of the Bolton property from the sale and lease back arrangement completed in the first quarter of 2022, as well as higher costs as the Company shifts to cloud-based solutions to improve customer experiences. In addition, the Company saw higher travel, advertising and promotion costs from increased activity in global travel, and higher marketing expenses to promote new initiatives. Inflation has also driven higher personnel and travel costs. Professional fees also increased primarily driven by the Company's investment in new modern architecture to support its future marketplace and services strategy. These increases were partially offset by a favourable impact of foreign exchange.
Net income attributable to stockholders decreased 12% to $53.4 million primarily due to higher interest expense which included the loss on redemption of the 2021 Notes and certain related interest expense incurred in the quarter in connection with the discontinued Euro Auctions acquisition. Non-GAAP adjusted net income attributed to stockholders increased 11% to $83.1 million in the second quarter of 2022 compared to $74.5 million in the second quarter of 2021.
Primarily for the same reasons noted above, diluted EPS attributable to stockholders decreased 13% to $0.48 per share for the second quarter of 2022 from $0.55 per share in the second quarter of 2021. Non-GAAP diluted adjusted EPS attributable to stockholders increased 10% to $0.74 per share in the second quarter of 2022.
Quarterly dividend
On August 3, 2022, the Company declared a quarterly cash dividend of $0.27 per common share, payable on September 14, 2022 to shareholders of record on August 24, 2022.
Second Quarter 2022 Earnings Conference Call
Ritchie Bros. is hosting a conference call to discuss its financial results for the quarter ended June 30, 2022 at 8am Pacific time / 11am Eastern time / 4pm BST on August 5, 2022. The replay of the webcast will be available through September 5, 2022.
Conference call and webcast details are available at the following link:
https://investor.ritchiebros.com
Established in 1958, Ritchie Bros. (NYSE: RBA) (TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie List, a self-serve listing service for North America; Mascus, a leading European online equipment listing service; Ritchie Bros. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. The Company's suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; plus equipment financing and leasing through Ritchie Bros. Financial Services. For more information about Ritchie Bros., visit RitchieBros.com.
This news release contains forward-looking statements and forward-looking information within the meaning of applicable U.S. and Canadian securities legislation (collectively, "forward-looking statements"), including, in particular, statements regarding future financial and operational results, including future auctions and estimated GTV thereof, and growth and value prospects and payment of dividends. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend", or "believe" and similar expressions or their negative connotations, or statements that events or conditions "will", "would", "may", "could", "should", or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond the Company's control, including the duration and impact of the COVID-19 pandemic on the Company's operations, the operations of customers, and general economic conditions, including inflation and rising interest rates; the numerous factors that influence the supply of and demand for used equipment; economic and other conditions in local, regional and global sectors; the Company's ability to successfully integrate acquired companies, and to receive the anticipated benefits of such acquisitions; and the risks and uncertainties set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, which are available on the SEC, SEDAR, and Company websites. The foregoing list is not exhaustive of the factors that may affect the Company's forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, and actual results may differ materially from those expressed in, or implied by, these forward-looking statements. Forward looking statements are made as of the date of this news release and the Company does not undertake any obligation to update the information contained herein unless required by applicable securities legislation. For the reasons set forth above, you should not place undue reliance on forward looking statements.
GTV and Condensed Consolidated Income Statements – Second Quarter
(Expressed in thousands of United States dollars, except share, per share amounts and percentages)
(Unaudited)
Condensed Consolidated Balance Sheets
(Expressed in thousands of United States dollars, except share data)
(Unaudited)
Condensed Consolidated Statements of Cash Flows
(Expressed in thousands of United States dollars)
(Unaudited)
Selected Data
(Unaudited)
Total auction metrics
This news release references non-GAAP measures. Non-GAAP measures do not have a standardized meaning and are, therefore, unlikely to be comparable to similar measures presented by other companies. The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation of, or as a substitute for, the financial information prepared and presented in accordance with GAAP. Non-GAAP financial measures referred to in this report are labeled as "non-GAAP measure".
Non-GAAP Adjusted Operating Income Reconciliation
The Company believes that non-GAAP adjusted operating income provides useful information about the growth or decline of its operating income for the relevant financial period and eliminates the financial impact of adjusting items the Company do not consider to be part of its normal operating results.
Non-GAAP adjusting operating income eliminates the financial impact of adjusting items from operating income, which are significant recurring and non-recurring items that the Company do not consider to be part of its normal operating results, such as share-based payments expense, acquisition-related costs, amortization of acquired intangible assets, management reorganization costs, and certain other items, which the Company refers to as "adjusting items".
In 2021, the Company updated the calculation of non-GAAP adjusted operating income to add-back share-based payments expense, all acquisition-related costs (including any share-based continuing employment costs recognized in acquisition-related costs), amortization of acquired intangible assets, and gain or loss on disposition of property, plant and equipment. The Company has also adjusted for certain non-recurring advisory, legal and restructuring costs. These adjustments in 2021 have been applied retrospectively to all periods presented, as applicable.
The following table reconciles non-GAAP adjusted operating income to operating income, which is the most directly comparable GAAP measure in the consolidated financial statements.
Non-GAAP Adjusted Net Income Attributable to Stockholders and Non-GAAP Diluted Adjusted EPS Attributable to Stockholders Reconciliation
The Company believes that non-GAAP adjusted net income attributable to stockholders provides useful information about the growth or decline of the net income attributable to stockholders for the relevant financial period and eliminates the financial impact of adjusting items the Company does not consider to be part of the normal operating results. Non-GAAP diluted adjusted EPS attributable to stockholders eliminates the financial impact of adjusting items which are after-tax effects of significant recurring and non-recurring items that the Company does not consider to be part of the normal operating results, such as share-based payments expense, acquisition-related costs, amortization of acquired intangible assets, management reorganization costs, and certain other items, which the Company refers to as "adjusting items".
In 2021, the Company updated the calculation of non-GAAP diluted adjusted EPS attributable to stockholders to add-back certain adjustments that have been applied retrospectively to all periods presented, as applicable (refer to non-GAAP adjusted operating income reconciliation above).
The following table reconciles non-GAAP adjusted net income attributable to stockholders and non-GAAP diluted adjusted EPS attributable to stockholders to net income attributable to stockholders and diluted EPS attributable to stockholders, which are the most directly comparable GAAP measures in the consolidated financial statements.
Non-GAAP Adjusted EBITDA
The Company believes non-GAAP adjusted EBITDA provides useful information about the growth or decline of its net income when compared between different financial periods. The Company uses non-GAAP adjusted EBITDA as a key performance measure because the Company believes it facilitates operating performance comparisons from period to period.
In 2021, the Company updated the calculation of non-GAAP diluted adjusted EPS attributable to stockholders to add-back certain adjustments that have been applied retrospectively to all periods presented, as applicable (refer to non-GAAP adjusted operating income reconciliation above).
The following table reconciles non-GAAP adjusted EBITDA to net income, which is the most directly comparable GAAP measure in, or calculated from, the consolidated financial statements:
In 2021, the Company began adjusting for share-based payment expenses, amortization of acquired intangible assets and all gains or losses on disposition of property, plant and equipment, which the Company did not consider to be part of its normal operating results. These adjustments in 2021 have been applied retrospectively to all periods presented.
Recognized in the second quarter of 2022
- $13.6 million share based payments expense.
- $3.4 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse.
- $8.4 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse.
- $1.2 million gain on disposition of property, plant and equipment and related costs includes $1.3 million unwind relating to a non-cash fair market value adjustment made to recognize the Bolton property sale proceeds at fair value when calculating the $169.0 million gain on the Bolton property in the first quarter of 2022, and $0.1 million gain on disposition of property, plant and equipment in the quarter.
- $9.7 million loss on redemption of the 2021 Notes and certain related interest expense includes $4.8 million of loss on redemption of the 2021 Notes due to a difference between the reacquisition price of the 2021 Notes and the net carrying amount of the extinguished debt (primarily the write off of the unamortized debt issuance costs), as well as the write off of the deferred debt issuance costs of $0.7 million due to the expiry of the undrawn $205.0 million delayed-draw term loan facility in the quarter. A non-recurring interest expense of $4.2 million was also adjusted in the quarter relating to the 2021 Notes, which were redeemed as a result of the discontinued Euro Auctions acquisition.
- $1.1 million of non-recurring advisory, legal and restructuring costs, which include $0.6 million of terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.3 million of severance and retention costs in connection with the restructuring of the Company's IT team driven by its strategy to build a new digital technology platform, and $0.2 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021.
- $5.4 million share based payments expense.
- $8.5 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet, SmartEquip, and Rouse.
- $169.8 million gain recognized on the disposition of property, plant and equipment of which $169.1 million related to the sale of a property located in Bolton, Ontario.
- $9.6 million of acquisition-related costs related to the proposed acquisition of Euro Auctions and the completed acquisitions of SmartEquip and Rouse.
- $1.3 million gain due to the change in fair value of derivatives to manage the Company's exposure to foreign currency exchange rate fluctuations on the purchase consideration for the proposed acquisition of Euro Auctions.
- $2.3 million of non-recurring advisory, legal and restructuring costs, which include $0.9 million related to severance and retention costs in connection with the restructuring of the Company's IT team driven by its strategy to build a new digital technology platform, $0.5 million terminated and ongoing transaction and legal costs relating to mergers and acquisition activity, $0.4 million of SOX remediation costs, and $0.6 million of advisory costs relating to a cybersecurity incident detected in the fourth quarter of 2021.
Recognized in the second quarter of 2021
- $7.5 million share based payments expense.
- $6.8 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse.
- $3.0 million of acquisition-related costs related to the acquisition of Rouse.
- $0.2 million gain recognized on the disposition of property, plant and equipment
- $0.2 million of non-recurring advisory, legal and restructuring costs related to SOX remediation costs relating to the Company's efforts to remediate the material weaknesses identified in 2020, which has been retrospectively applied to the second quarter of 2021.
Recognized in the first quarter of 2021
- $3.8 million share based payments expense.
- $6.6 million amortization of acquired intangible assets primarily from the acquisitions of Iron Planet and Rouse.
- $2.9 million of acquisition-related costs related to the acquisition of Rouse.
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SOURCE Ritchie Bros. Auctioneers | https://www.wkyt.com/prnewswire/2022/08/04/ritchie-bros-reports-second-quarter-2022-results/ | 2022-08-04T22:33:57Z | https://www.wkyt.com/prnewswire/2022/08/04/ritchie-bros-reports-second-quarter-2022-results/ | false |
TOLEDO, Ohio , Aug. 4, 2022 /PRNewswire/ -- Digital 55, a technology development firm based in Toledo, Ohio is preparing to launch the beta test for Inugo Lab, a data record management platform aimed at assisting in professional record storage and compliance tracking, specifically for construction companies, trade unions, and professional industries.
Inugo Lab is a centralized hub for storing and maintaining critical professional records, including those for industry certifications, job eligibility, and safety skills. The system also provides reports and notifications for employee updates to certifications or continuing education, allowing companies to have a real-time evaluation of their current and upcoming recertification needs.
Capable of containing safety records like OSHAA, safety, and certification testing records, Inugo Lab uses state-of-the-art, HIPAA-compliant software and data storage, ensuring your record data is always secure. It can be customized to your program's needs and allows for easy access and updating. The program also provides real-time updating and reporting, keeping both HR and employees up to date on upcoming certification needs at their fingertips.
"Inugo Lab represents the next phase of recording storage and maintenance for small and medium-sized businesses. We've brought together a robust system of tools and resources on an easily customizable platform. These tools are being used by much larger companies but haven't been made available on a scale or price point that SMBs can participate. That changes with Inugo Lab." said Digital 55 CEO Greg Whitlow.
Inugo Lab allows companies to facilitate lab work or safety training through its easy-to-use employee portal. Employees have access to their own records so they can find all the information needed for certification in one place and be proactive about recertification. The system also provides a time-stamped digital certificate for record-keeping, an important tracking tool for both internal use and historical insurance for an employee.
Inugo Lab is the ideal platform for construction and manufacturing companies, professional driving services, trade unions, and related organizations. By providing those companies with an easy-to-use, real-time updated platform, they can improve participation, identify recertification needs, and ensure the safety compliance of their workforce.
The program is expected to be available for beta testing in the 4th quarter of 2022, with a full product launch slated for the 1st quarter of 2023. For more information about Inugo Lab, or to add your name to the beta testing waitlist, please contact Digital 55 at support@digital-55.com or visit our website at https://digital-55.com.
CONTACT: support@digital-55.com
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SOURCE Digital 55 | https://www.mysuncoast.com/prnewswire/2022/08/04/digital-55-beginning-beta-testing-professional-record-storage-compliance-product/ | 2022-08-04T22:34:47Z | https://www.mysuncoast.com/prnewswire/2022/08/04/digital-55-beginning-beta-testing-professional-record-storage-compliance-product/ | false |
Pirates rally by scuffling Brewers once again in 5-4 victory
Bryan Reynolds raced home on a wild pitch with one out in the 10th inning, lifting the Pittsburgh Pirates past the Milwaukee Brewers 5-4 to complete a three-game sweep
PITTSBURGH (AP) — The Milwaukee Brewers insist they’re not suffering from sort of a Josh Hader hangover.
Sure looks like it though.
Bryan Reynolds raced home on a wild pitch with one out in the 10th inning, lifting the Pittsburgh Pirates to a 5-4 victory on Thursday to complete a three-game sweep of Milwaukee.
Reynolds led off the bottom of the 10th by tying the game with a ground-rule double to right field that scored rookie Tucupita Maracano. Reynolds advanced to third on a fly ball to right by Ke'Bryan Hayes and scored when a 0-2 curveball by Milwaukee reliever Matt Bush (2-2) skipped by catcher Victor Caratini.
“I’m trying to bury it but obviously not that much,” Bush said. "It just got away from me a little bit.”
The Brewers fell to 0-3 since trading Hader, their four-time All-Star closer, to San Diego on Monday. Milwaukee failed to hold on to multiple-run leads in all three games at PNC Park, though starter Brandon Woodruff downplayed the idea that Hader's departure played a role in getting swept at PNC Park for the first time in two years.
“When you come to the baseball field, regardless of who is in this room, this is our team and we’ve got a dang good team," Woodruff said. "We’re here for each other, we’re going to play for each other and we can’t do anything about (who is in the room and who is not) other than going out and doing our job.”
Milwaukee took the lead in the top of the 10th when Duane Underwood Jr. (1-3) hit Kolten Wong with the bases loaded and two outs.
Leftfielder Ben Gamel then made a diving grab on a sinking liner by Hunter Renfroe to escape further damage, and the Pirates responded in the bottom of the inning behind Reynolds, who hit a walk-off home run leading off the bottom of the ninth in an 8-7 win on Wednesday.
“It says a lot about this team and how close we are to really (being contenders),” said Pittsburgh first baseman Michael Chavis. “We’ve got some impactful players. You catch us on the right day and things are going to kind of fall into place.”
Reynolds, Gamel, Maracano and catcher Jason Delay had two hits each for Pittsburgh. The victory snapped a six-game losing streak in extra-inning contests by the Pirates. Pittsburgh has won three straight following a seven-game slide that briefly dropped the club into last in the NL Central.
“I don’t think we’ve swept them since I’ve been up," said Pirates third baseman Ke'Bryan Hayes, who made his major league debut in September 2020. “We’re headed in the right direction.”
Pittsburgh trailed 3-1 in the seventh but pulled even behind RBI singles by Maracano and Gamel, the last coming against reliever Brad Boxberger that allowed Delay to score after Boxberger came on with two on and one out in the seventh. While the run wasn't charged to Boxberger, it symbolized how Milwaukee's bullpen struggled during the series. Brewers relievers were charged with nine runs over the course of three games.
Mike Brousseau hit a two-run home run for Milwaukee and Caratini added his seventh, but the Pirates also scored a pair of runs on wild pitches, including the winner.
The Brewers played the final 3 1/2 innings without star Christian Yelich and manager Craig Counsell. Both were ejected in the bottom of the seventh for arguing balls and strikes with home-plate umpire Jerry Meals after Yelich struck out looking to end the top of the inning.
HAYES SAVES THE DAY
The Brewers loaded the bases with one out in the ninth, but Hayes ended the threat by making a spinning backhand stab on a sharp grounder by pinch-hitter Tyrone Taylor. Hayes stood up, touched third, and then fired a throw to first that beat Taylor by a step.
Hayes said he shuffled toward the third-base line before the pitch, expecting Taylor to pull the ball. When Taylor ripped one down the line, Hayes was right there.
“I was able to get to it and then get a glove on it,” Hayes said. “It was kind of between the lip (of the grass) and the dirt. Luckily, it didn’t hop up on me too much. I was able to knock it down and make the play.”
TRAINER'S ROOM
Brewers: Placed C Omar Narváez on the 10-day injured list with a left quad strain. Narváez tweaked the muscle while rounding third base on a hit by Willy Adames on Wednesday. Recalled C Mario Feliciano from Triple-A Nashville to fill in during Narváez's absence.
Pirates: Placed C Tyler Heineman (right groin strain) on the 10-day injured list and LHP Dillon Peters (left elbow inflammation) on the 15-day injured list. Called up C Taylor Davis and LHP Eric Stout from Triple-A Indianapolis.
UP NEXT
Brewers: Begin a five-game homestand on Friday night when they open a three-game set against Cincinnati. Eric Lauer (7-3, 3.75 ERA) will face Robert Dugger (0-0, 4.50) in the opener.
Pirates: Start a 10-day, three-city road trip on Friday when they visit Baltimore.
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://www.wbay.com/2022/08/04/pirates-rally-by-scuffling-brewers-once-again-5-4-victory/ | 2022-08-04T22:34:57Z | https://www.wbay.com/2022/08/04/pirates-rally-by-scuffling-brewers-once-again-5-4-victory/ | true |
Nation's Largest Mall Marks 30th Birthday Celebration with National STEAM Event
BLOOMINGTON, Minn., Aug. 4, 2022 /PRNewswire/ -- Mall of America, the largest retail and entertainment complex in the United States, is celebrating 30 years on Aug. 11. Since 1992, Mall of America has pioneered an incredible retail, dining, and entertainment experience, becoming one of the nation's most visited attractions with more than 1.3 billion guests from every state across the United States and every continent in the world.
"As we celebrate Mall of America's 30th birthday, we're also celebrating the many people, businesses and organizations who have helped make it an iconic destination," says Jill Renslow, executive vice president of Mall of America. "Since Day One, Mall of America has exceeded expectations, and we're excited to continue doing just that for years to come."
Mall of America continues to be an innovator in delivering incredible retail, dining and entertainment since its doors first opened three decades ago. Its 5.6 million square feet is home to more than 520 world-class retail stores and restaurants; Nickelodeon Universe, the nation's largest indoor theme park; SEA LIFE Minnesota Aquarium; FlyOver America; Crayola Experience; The Escape Game; two hotels and more.
As part of Mall of America's 30th Birthday Celebration, Mall of America is proud to be partnering with The National Center for Autonomous Technologies (NCAT), the National Science Foundation (NSF), Northland Community and Technical College, and the colleges and universities of Minnesota State to present Experience STEAM, an interactive indoor and outdoor mall-wide event that aims to inspire youth by showcasing a variety of STEAM (Science, Technology, Engineering, Arts, Mathematics) careers in action Aug. 10-14.
"We are honored to be the host site for Experience STEAM," said Renslow. "To host this event during our 30th birthday is especially fitting because over the past three decades, Mall of America has continuously innovated to be a place where children, families and all generations can think big and be inspired. From challenging the very definition of what a mall can be, to offering thousands of creative and technical careers, we're excited to showcase our innovation in action for the next generation."
Parents and kids of all ages are encouraged to participate in this free hands-on experience that will include a STEAM carnival, robotics competition, drone racing, workshops and much more.
"Experience STEAM is a revolutionary approach to educational outreach. NCAT believes experiential learning provided by two-year technician education is a driving force in advancing social and economic mobility," says Jonathan Beck, Executive Director and PI, NCAT. "Our team is focused on creating accessible pathways to technician education to anyone who wants it. Our dream is that Experience STEAM will offer life changing opportunities to connect people to education using hands-on learning. With thoughtful collaboration, we can spark the imaginations of our nation's future skilled technical workforce."
As part of the birthday festivities and continuing a 30-year tradition, Mall of America will be celebrating with mall guests with a cupcake giveaway, as well as other special prizes including a chance to pick up an exclusive custom Pepsi® can designed by Minnesota's own Adam Turman, while supplies last.
Since opening, Mall of America has hosted more than 10,000 events including everything from celebrity appearances such as The Beach Boys with John Stamos, Ringo Starr, NSYNC, and Mariah Carey performing live in the Rotunda for The Today Show, to the casts of Glee and Twilight, to Tim Gunn and Sarah Jessica Parker, to Grumpy Cat.
For more on Mall of America's 30th birthday go to https://www.mallofamerica.com/birthday
For more on Experience Steam please visit https://ncatech.org/experience-steam/
For more on Northland College, visit https://www.northlandcollege.edu/
ABOUT MALL OF AMERICA®
At 5.6 million square feet, Mall of America is the largest shopping and entertainment complex in North America with more than 520 world-class retail stores and restaurants; Nickelodeon Universe, the nation's largest indoor theme park; SEA LIFE Minnesota Aquarium; FlyOver America; Crayola Experience; The Escape Game; more. The Mall opened in 1992 and is located in Bloomington, Minn., minutes from downtown Minneapolis and St. Paul and adjacent to the MSP International Airport. Follow Mall of America on Facebook, Twitter and Instagram. Download the Mall of America app from the App Store for iOS or Google Play for Android.
ABOUT NCAT
The National Center for Autonomous Technologies (NCAT) was formulated through the National Science Foundation's Advanced Technological Education (NSF ATE) program. As the first national ATE center in autonomous technologies, NCAT is crafting, adapting, and implementing educational resources and serves as a resource hub for evidence-based research on the knowledge and skills needed to meet workforce demands while increasing the quality and diversity of the highly skilled technical workforce.
Contact: Dan Jasper 952.240.9306
dan.jasper@moa.net
Madison Amland 612.274.0884
madison.amland@moa.net
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SOURCE Mall of America | https://www.mysuncoast.com/prnewswire/2022/08/04/mall-america-celebrates-30-years-retail-entertainment-innovation/ | 2022-08-04T22:36:10Z | https://www.mysuncoast.com/prnewswire/2022/08/04/mall-america-celebrates-30-years-retail-entertainment-innovation/ | false |
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Democrats consider changes to economic bill, weekend votes ahead
WASHINGTON (AP) — Democrats considered reshaping proposed taxes on the wealthy and huge corporations, and possibly adding billions for the West’s historic drought, as lawmakers aimed for initial votes Saturday on the party’s economic legislation.
Senate Majority Leader Chuck Schumer, D-N.Y., announced his timetable Thursday as party leaders worked behind the scenes in hopes of winning the unanimity they will need to succeed.
The election-year bill, housing President Joe Biden’s and congressional Democrats’ top priorities, would provide hundreds of billions in spending and tax credits to spur clean energy, reinforce fossil fuels and renew government support for people buying private health insurance. It would raise revenue with tax boosts, beefed up IRS tax collections and curbs on drug prices, which would save money for the government and patients.
“We prioritize the middle class and working families, instead of those at the very top. God bless them, they’re doing fine,” Schumer said.
Democrats need to nail down support from all their lawmakers to prevail in the 50-50 Senate and avoid a glaring self-inflicted defeat, similar to one they suffered last November on a far larger version of the package. Republicans are on track to oppose the legislation as one, saying its tax boosts and spending would worsen inflation and damage the economy.
“What do Democrats want to do with all the money they want to drain out of Americans’ pockets in the midst of a recession?” said Senate Minority Leader Mitch McConnell, R-Ky. “They want to lavish hundreds of billions of dollars on an issue that exactly 3% of the country says is our biggest problem: far-left environmental and climate spending.”
Sen. Kyrsten Sinema, D-Ariz., a mercurial centrist, has not made her stance clear and is considered her party’s sole potential holdout.
She’s among a group of Western senators seeking to add around $5 billion to the legislation — billed as Congress’ biggest-ever climate change measure — to help their states cope with epic drought and wildfires. The effort was described by a Democrat familiar with the talks who would speak only on condition of anonymity.
Sinema has also expressed interest in reshaping the measure’s 15% minimum tax on some companies with income exceeding $1 billion, said another Democrat who was not authorized to describe the senator’s view publicly. They provided no detail. The proposed tax would raise an estimated $313 billion over a decade, the legislation’s largest revenue raiser.
In defense of that proposal, Senate Finance Committee Chairman Ron Wyden, D-Ore., released figures showing that between 100 to 125 corporations that reported income averaging $8.9 billion paid effective tax rates averaging 1.1%. The numbers were compiled by Congress’ nonpartisan Joint Committee on Taxation.
Sinema has been a critic of another proposal to raise taxes on executives of hedge funds and other private equity firms. It would raise $13 billion, a small portion of the bill, and is a favorite of progressives and Sen. Joe Manchin, D-W.Va., a conservative Democrat who helped write the overall legislation with Schumer.
The Senate won’t be in session Friday as Democrats continue their talks. That pause will also provide time for the Senate parliamentarian, Elizabeth MacDonough, to decide if any of the bill’s provisions violate the chamber’s rules and should be removed.
Republicans want to kill as much of the bill as possible, either with MacDonough’s rulings or with nonstop votes expected to last well into Sunday or beyond.
Even if GOP amendments are defeated, they will consider it mission accomplished if they force Democrats to take risky, campaign season votes on touchy issues like taxes, inflation and immigration.
Vice President Kamala Harris can vote to break a 50-50 tie and approve the bill.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kait8.com/2022/08/04/democrats-consider-changes-economic-bill-weekend-votes-ahead/ | 2022-08-04T22:38:34Z | https://www.kait8.com/2022/08/04/democrats-consider-changes-economic-bill-weekend-votes-ahead/ | false |
Tonight's weather conditions in Waterloo: Clear skies. Low 63F. Winds E at 5 to 10 mph. Looking ahead, the Waterloo area can expect a sizzling hot day tomorrow. The forecast calls for it to be a warm 89 degrees. 68 degrees is tomorrow's low. Tomorrow's conditions are expected to be clear, so there shouldn't been too many clouds in the sky. The sunshine will be intense Friday; high UV indexes are forecasted. The sun's rays will be intense. Stay in the shade as much as possible. Wear sunglasses, a hat and sunscreen when in sunlight. The area will see gentle winds tomorrow, with forecast showing winds from southeast, clocking in at 11 mph. This report is created automatically with weather data provided by TownNews.com. Stay in the know. Visit wcfcourier.com for local news and weather.
Aug. 4, 2022 evening weather update for Waterloo and Cedar Falls
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Many in Iowa are under a Heat Advisory for soaring high temperatures and humidity this afternoon. See how hot it's going to feel and get the latest on the severe weather threat in our updated forecast.
Pretty quiet across the state today. With a warm front arriving Tuesday though, a big temperature difference is expected from west to east with a better chance of rain. Here's the latest information.
As a cold front finishes working across the state, cooler temperatures with scattered showers and storms are expected. A couple severe storms can't be ruled out for the Quad Cities. Full details here.
Nice conditions for everyone today. But it's Iowa, so you know things will be changing! See when rain chances will return and what temperatures are looking like in our weekend forecast.
Pretty pleasant conditions today, but the heat and humidity are going up for Friday. Track the temperatures and find out when rain will return to Iowa in our updated forecast.
Tonight's weather conditions in Waterloo: Clear skies. Low near 60F. Winds SSE at 5 to 10 mph. Looking ahead, the Waterloo area can expect a s…
The Waterloo area can expect a very hot day. It looks like it will be a warm 85 degrees. Today's forecasted low temperature is 60 degrees. Tod…
This evening's outlook for Waterloo: Partly cloudy. A stray shower or thunderstorm is possible. Low 68F. Winds SW at 10 to 15 mph. The forecas…
The Waterloo area can expect a very hot day. Temperatures are projected to be a scorcher today with temperatures reaching a high of 95 though …
For the drive home in Waterloo: Partial cloudiness early, with scattered showers and thunderstorms later during the night. Low 64F. Winds ESE … | https://wcfcourier.com/weather/aug-4-2022-evening-weather-update-for-waterloo-and-cedar-falls/article_2528d379-af7f-53db-8f1e-d4a08551a089.html | 2022-08-04T22:39:52Z | https://wcfcourier.com/weather/aug-4-2022-evening-weather-update-for-waterloo-and-cedar-falls/article_2528d379-af7f-53db-8f1e-d4a08551a089.html | true |
CARLSBAD, Calif. (AP) _ Alphatec Holdings Inc. (ATEC) on Thursday reported a loss of $37.3 million in its second quarter.
The Carlsbad, California-based company said it had a loss of 36 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The medical equipment and supplies holding company posted revenue of $84.2 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $78.1 million.
Alphatec expects full-year revenue of $325 million.
Alphatec shares have declined 28% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.21, a decrease of 46% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATEC at https://www.zacks.com/ap/ATEC | https://www.ourmidland.com/business/article/Alphatec-Q2-Earnings-Snapshot-17352731.php | 2022-08-04T22:40:48Z | https://www.ourmidland.com/business/article/Alphatec-Q2-Earnings-Snapshot-17352731.php | false |
SANTA MONICA, Calif. (AP) _ Figs Inc. (FIGS) on Thursday reported second-quarter net income of $4.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Santa Monica, California-based company said it had net income of 3 cents.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The health care apparel company posted revenue of $122.2 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $119 million.
Figs expects full-year revenue in the range of $510 million to $530 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIGS at https://www.zacks.com/ap/FIGS | https://www.ourmidland.com/business/article/Figs-Q2-Earnings-Snapshot-17352551.php | 2022-08-04T22:44:35Z | https://www.ourmidland.com/business/article/Figs-Q2-Earnings-Snapshot-17352551.php | false |
Patrol: 4 found dead in 2 burning homes in Nebraska city
LAUREL, Neb. (AP) — Four people were found dead Thursday in two burning homes in a small community in northeastern Nebraska, authorities said.
Nebraska State Patrol Col. John Bolduc said at a news conference that a man was seen driving away from the city of Laurel before the bodies were discovered and that investigators would like to speak to him.
Firefighters responding to a call Thursday morning about an explosion and fire at one of the homes found the body of a person inside, Bolduc said.
A short time later, firefighters were called to a second burning home a few blocks away, where the bodies of three people were found inside.
Authorities didn’t release the names of the dead or say how they died, but they said witnesses reported seeing a man leaving Laurel in a silver car. Bolduc referred to the man as a suspect in the deaths and said he may have picked up a passenger on the way out of town.
Investigators believe whoever set the fires may have suffered burns, Bolduc added.
He would not say how or whether the victims were related and declined to speculate on the circumstances leading to the killings.
“We’re not categorizing it as anything right now,” Bolduc said.
Laurel is home to fewer than 1,000 people and is located about 100 miles (160 kilometers) northwest of Omaha.
“Laurel is a very safe community,” said Cedar County Sheriff Larry Koranda. “It shakes everybody up.”
Most businesses, a senior center and schools in the community voluntarily went on lockdown around the time the bodies were discovered. That came at the recommendation of the city’s lone police officer, said Lori Hansen, a clerical assistant at the Laurel City Hall. But even community officials were scrambling for information about what was unfolding in the normally quiet town, she said.
“We’ve been listening to TV to try to find out what’s going on,” Hansen said.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wagmtv.com/2022/08/04/patrol-4-found-dead-2-burning-homes-nebraska-city/ | 2022-08-04T22:44:39Z | https://www.wagmtv.com/2022/08/04/patrol-4-found-dead-2-burning-homes-nebraska-city/ | true |
At least 5 people killed in fiery multi-vehicle crash in Windsor Hills, authorities say
At least five people were killed in a fiery multi-car crash in Los Angeles’ Windsor Hills neighborhood Thursday, according to authorities and media reports.
The crash at La Brea and Slauson avenues was a “multiple casualty incident,” with reports of numerous injuries, the Los Angeles County Fire Department said in a tweet. The department responded to the crash just after 1:40 p.m.
Six people were dead in the smoky pileup, the fire department told NBC.
Esteban Benitez, a public information representative with the fire department, told The Times he knew of five confirmed deaths, one person transported to a hospital and eight people who suffered minor injuries. He did not immediately have additional information.
Footage of the crash shows fire trucks on scene and cars on fire.
Smoke could be seen billowing above Los Angeles International Airport.
The cause of the crash was not immediately known.
Times staff writer Gregory Yee contributed to this report.
This is a breaking news story and will be updated as additional information becomes available.
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WFO EL PASO Warnings, Watches and Advisories for Friday, August 5, 2022
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AIR QUALITY ALERT
Air Quality Alert Message
Relayed by National Weather Service El Paso Tx/Santa Teresa NM
408 PM MDT Thu Aug 4 2022
...AIR QUALITY ALERT IN EFFECT FROM 9 AM TO 9 PM MDT FRIDAY...
The Texas Department of Environmental Quality (TCEQ) has issued an
Ozone Action Day for the El Paso Area, from 9 AM to 9 PM MDT Friday.
Atmospheric conditions are expected to be favorable for producing
high levels of ozone pollution in the El Paso area. You can help
prevent ozone Pollution by sharing a ride, walking, riding a
bicycle, taking your lunch to work, avoiding drive through lanes,
conserving energy and keeping your vehicle properly tuned.
For more information on ozone:
OZONE: THE FACTS
www.tceq.texas.gov/airquality/monops/ozonefacts.html
EPA AIR NOW:
www.airnow.gov/index.cfm?action=airnow.local_city&cityid=236
TAKE CARE OF TEXAS:
www.takecareoftexas.org/air/airquality
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Copyright 2022 AccuWeather | https://www.greenwichtime.com/weather/article/TX-WFO-EL-PASO-Warnings-Watches-and-Advisories-17352722.php | 2022-08-04T22:48:30Z | https://www.greenwichtime.com/weather/article/TX-WFO-EL-PASO-Warnings-Watches-and-Advisories-17352722.php | true |
AUSTIN, Texas (AP) — A Texas jury on Thursday ordered conspiracy theorist Alex Jones to pay more than $4 million in compensatory damages to the parents of a 6-year-old boy who was killed in the Sandy Hook Elementary School massacre, marking the first time the Infowars host has been held financially liable for repeatedly claiming the deadliest school shooting in U.S. history was a hoax.
The Austin jury must still decide how much the Infowars host must pay in punitive damages to Neil Heslin and Scarlett Lewis, whose son Jesse Lewis was among the 20 children and six educators who were killed in the 2012 attack in Newtown, Connecticut.
The parents had sought at least $150 million in compensation for defamation and intentional infliction of emotional distress. Jones' attorney asked the jury to limit damages to $8 — one dollar for each of the compensation charges they are considering — and Jones himself said any award over $2 million "would sink us."
It likely won't be the last judgment against Jones over his claims that the attack was staged in the interests of increasing gun controls. A Connecticut judge has ruled against him in a similar lawsuit brought by other victims' families and an FBI agent who worked on the case.
The Texas award could set a marker for other cases against Jones and underlines the financial threat he's facing. It also raises new questions about the ability of Infowars — which has been banned from YouTube, Spotify and Twitter for hate speech — to continue operating, although the company's finances remain unclear.
Jones conceded during the trial that the attack was real and that he was wrong to have lied about it. But Heslin and Lewis told jurors that an apology wouldn't suffice and called on them to make Jones pay for the years of suffering he has put them and other Sandy Hook families through.
Jones' media company Free Speech Systems, which is Infowars' parent company, filed for bankruptcy during the two-week trial. | https://www.ksby.com/news/national/alex-jones-ordered-to-pay-sandy-hook-parents-more-than-4m | 2022-08-04T22:48:36Z | https://www.ksby.com/news/national/alex-jones-ordered-to-pay-sandy-hook-parents-more-than-4m | true |
KHIMKI, Russia (AP) — U.S. basketball star Brittney Griner was convicted Thursday in Russia of drug possession and smuggling and was sentenced to nine years behind bars in a politically charged case that could lead to a high-stakes prisoner exchange between Washington and Moscow.
The 31-year-old Griner, a two-time U.S. Olympic champion and a eight-time all-star with the WNBA’s Phoenix Mercury, listened with a blank expression as an interpreter translated the verdict by Judge Anna Sotnikova, but her lawyers said later she was “very upset.” Griner also was fined 1 million rubles (about $16,700).
U.S. President Joe Biden denounced as “unacceptable” the verdict and sentence, which came amid soaring tensions between the U.S. and Russia over Ukraine.
“I call on Russia to release her immediately so she can be with her wife, loved ones, friends and teammates,” Biden said, adding that he would continue to work to bring home Griner and Paul Whelan, an American imprisoned in Russia on an espionage conviction.
Outside court, the U.S. Embassy’s charge d’affaires Elizabeth Rood called the outcome “a miscarriage of justice.”
Griner, recognized as one of the greatest players in WNBA history, has been detained since Feb. 17 after police said they found vape cartridges containing cannabis oil in her luggage upon landing at Moscow’s Sheremetyevo Airport. She was returning to Russia, where she has competed since 2014.
As she was led out of court, Griner said: “I love my family.”
The nine-year sentence was close to the maximum of 10 years that Griner had faced under the charges. Most Russians possessing small quantities of drugs get at most five years in prison, lawyers said.
Defense attorney Maria Blagovolina told reporters later that Griner was “very upset, very stressed. She can hardly talk. It’s a difficult time for her.”
Before the unusually swift verdict was reached, an emotional Griner apologized to her family, teammates and the Russian city of Yekaterinburg, where she plays in the WNBA offseason, “for my mistake that I made and the embarrassment that I brought on them.”
With her voice cracking, she added: “I hope in your ruling it does not end my life.”
Griner has 10 days to appeal, and her lawyers say they expect a hearing in Moscow regional court next week. Asked if Griner could ask for pardon from President Vladimir Putin, Blagovolina said they would consider every possibility, but the lawyers said they were not part of any discussions about a prisoner swap.
Griner’s agent Lindsay Kagawa Colas said the sentence “was severe by Russian legal standards and goes to prove what we have known all along, that Brittney is being used as a political pawn.” She added that she supported Biden’s efforts “to get a deal done.”
A conviction is usually needed before arranging a prisoner exchange and also allows Griner to apply for a pardon. Deputy Foreign Minister Sergei Ryabkov said last month the “necessary judicial procedures” must be completed before other steps can be taken.
The disclosure in July that the U.S. government was seeking a prisoner swap involving Griner reflected the growing pressure on the Biden administration to do more to bring her home. The U.S. State Department had earlier declared Griner to be “wrongfully detained” — a charge that Russia has sharply rejected.
When she took the stand July 7, Griner said: “I would like to plead guilty on the charges against me. But I had no intention of breaking any Russian law.” She added that she brought the vape canisters into Russia because she had packed in haste for her flight.
Griner also described a confusing scene while being held at the airport, saying an interpreter provided by authorities translated only a fraction of what was being said to her and that officials told her to sign documents without explaining what they were. She also said she was not informed of her rights.
Her lawyers introduced evidence that Griner was using the medicinal cannabis for chronic pain and injuries sustained during her career and included a letter from her doctor. Griner testified she was aware cannabis oil was outlawed in Russia and had not intended to break the law or “plan to smuggle anything into Russia.”
Griner’s case and her nearly six months behind bars have raised strong criticism among her supporters in the United States, including her wife, Cherelle, that Biden was not doing enough to win her freedom.
Griner sent a personal appeal to Biden, and more than 1,100 Black female leaders urged the administration to “make a deal to get Brittney back home swiftly and safely and to meet with Brittney’s wife Cherelle immediately.” Biden later called Cherelle Griner “to reassure her that he is working to secure Brittney’s release as soon as possible,” the White House said July 6.
Cherelle Griner, who also spoke with Vice President Kamala Harris, later said she was “grateful to the both of them for the time they spent with me and for the commitment they expressed to getting BG home,” using her wife’s initials.
On July 27, U.S. Secretary of State Antony Blinken said Washington has offered a deal to Russia aimed at bringing home Griner and Whelan in a sharp reversal of previous policy. Details of the proposal were not announced, though a person familiar with the matter said the U.S. has offered to trade convicted Russian arms dealer Viktor Bout for Whelan and Griner. The person insisted on anonymity to discuss an ongoing investigation.
Russian media have speculated repeatedly that Griner could be swapped for Bout, nicknamed “the Merchant of Death,” who is serving a 25-year sentence in the U.S. after being convicted of conspiracy to kill U.S. citizens and providing aid to a terrorist organization. Russia has agitated for Bout’s release for years.
The severity of Griner’s sentence could give Russia leverage in a swap by increasing pressure on Washington to negotiate her release.
“I think that the harsher the sentence, the more pressure there will be on the Biden administration to make a deal, and obviously they like leveraging that pressure,” Tom Firestone, a lawyer who formerly served as the resident legal adviser at the U.S. Embassy in Moscow, said of the Russians before the sentence was imposed.
Even with U.S.-Russia relations at a low point, the two countries managed to arrange a swap in April of Trevor Reed, a former U.S. Marine detained in Russia, for Konstantin Yaroshenko, a Russian pilot and convicted drug trafficker serving a 20-year prison sentence in Connecticut.
Griner’s detention was made public only after Russian troops moved into Ukraine, as relations between Russia and the United States hit new lows after Washington led the West in bringing sanctions against Moscow.
Her plight has been highlighted by supporters at home, including top athletes, especially after little news emerged about her initial weeks of detention in Russia, where she had limited access to U.S. diplomats. It was only in May that the State Department designated her as wrongfully detained, moving her case under its Special Presidential Envoy for Hostage Affairs, effectively the government’s chief hostage negotiator.
At the ESPY Awards last month, soccer star Megan Rapinoe referred to Griner as “a political prisoner,” and tennis great Billie Jean King said, “First, bring BG home. Gotta do that.”
NBA Finals MVP Stephen Curry wore Griner’s jersey under his track suit at the awards show and urged “the entire global sports community to continue to stay energized on her behalf..”
Griner, a 6-foot-9 center, has 12 of the 15 regular season dunks in WNBA history and set the single-year record for blocks with 129 in 2014. She led the league in scoring twice. She was a two-time Associated Press college basketball player of the year and led Baylor to a 40-0 season and the 2012 NCAA title. She was the No. 1 pick by Phoenix in the 2013 draft.
The commissioners of the WNBA and NBA called the verdict “unjustified and unfortunate, but not unexpected. … It is our hope that we are near the end of this process of finally bringing BG home.”
___
Associated Press writer Eric Tucker in Washington contributed.
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Follow AP’s coverage of the Brittney Griner case at https://apnews.com/hub/brittney-griner | https://www.localsyr.com/sports/sports-news/closing-arguments-in-brittney-griners-drug-case-in-russia/ | 2022-08-04T22:49:24Z | https://www.localsyr.com/sports/sports-news/closing-arguments-in-brittney-griners-drug-case-in-russia/ | false |
DALLAS (AP) — Former NBA player Iman Shumpert was arrested at the Dallas Fort Worth International Airport last weekend for allegedly trying to bring six ounces of cannabis through security.
The police report from the DFW Airport Department of Public Safety shows police were called to a TSA checkpoint at about 3:40 p.m. on Saturday, July 30 and told there was a “sizeable amount of marijuana” found.
The police report says Shumpert told officers that the bag contained marijuana and “asked if there was any way he could make his flight” to Los Angeles, where he was supposed to pick up his daughter. He has two daughters with entertainer Teyana Taylor.
Shumpert was told no, arrested for felony possession of marijuana and taken to the airport jail. The Tarrant County Criminal Courts system didn’t have information about a court case.
The report says Shumpert also had a magazine with 14 rounds in his backpack but no gun was found. A contact for Shumpert, his agent or a lawyer was not immediately available.
Shumpert won an NBA championship with the Cleveland Cavaliers in 2016. He also played for the New York Knicks, Sacramento Kings, Houston Rockets and Brooklyn Nets. He was waived by the Nets in 2021.
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More AP NBA: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports | https://www.localsyr.com/sports/sports-news/iman-shumpert-arrested-at-texas-airport-for-pot-possession/ | 2022-08-04T22:49:51Z | https://www.localsyr.com/sports/sports-news/iman-shumpert-arrested-at-texas-airport-for-pot-possession/ | false |
BEVERLY HILLS, Calif. (AP) _ Live Nation Entertainment Inc. (LYV) on Thursday reported second-quarter net income of $187.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Beverly Hills, California-based company said it had profit of 66 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The ticket seller and concert promoter posted revenue of $4.43 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $3.91 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LYV at https://www.zacks.com/ap/LYV | https://www.seattlepi.com/business/article/Live-Nation-Q2-Earnings-Snapshot-17352495.php | 2022-08-04T22:50:47Z | https://www.seattlepi.com/business/article/Live-Nation-Q2-Earnings-Snapshot-17352495.php | false |
ALBUQUERQUE, N.M. (AP) — Two employees of an Albuquerque grocery store have been injured after a compressor exploded, authorities said Thursday.
City fire officials said two heating, ventilation and air conditioning specialists were working on the store’s HVAC system Thursday morning and it was unclear why the compressor exploded.
Officials said the two employees were taken to a hospital for treatment of burns and blast injuries.
Their names and medical conditions weren’t immediately released.
Fire officials said no toxic gas was released into the air from the explosion. | https://www.ourmidland.com/news/article/Compressor-explodes-in-New-Mexico-grocery-store-17352504.php | 2022-08-04T22:51:28Z | https://www.ourmidland.com/news/article/Compressor-explodes-in-New-Mexico-grocery-store-17352504.php | true |
(The Hill) – Dick Cheney calls Donald Trump a “coward” and a “threat to our Republic” in a new ad for his daughter, Rep. Liz Cheney (R-Wyo.), who is facing a primary challenger backed by the former president.
The ad featuring the former GOP vice president offering the lacerating take on Trump was released Thursday, weeks before voters go to the polls.
“In our nation’s 246 year history, there has never been an individual who is a greater threat to our Republic than Donald Trump. He tried to steal the last election using lies and violence to keep himself in power after the voters had rejected him,” Dick Cheney says in the one-minute ad, titled “He Knows It.”
“He is a coward. A real man wouldn’t lie to his supporters. He lost his election and he lost big. I know it, he knows it and deep down I think most Republicans know it.”
Liz Cheney voted to impeach Trump and lost her position in GOP leadership over her views. She is now the vice chair of the House panel investigating the Jan. 6 attack on the Capitol.
Dick Cheney said that he and his wife were “proud” of their “fearless” daughter, saying she was “honoring her oath to the Constitution.”
“There is nothing more important she will ever do than lead the effort to make sure Donald Trump is never again near the Oval Office. And she will succeed. I am Dick Cheney. I proudly voted for my daughter. I hope you will too,” he ends the ad by saying.
Cheney is fighting for her political life ahead of her primary on Aug. 16 as she faces Trump-backed challenger Harriet Hageman (R).
Cheney drew the ire of Trump after she became one of 10 Republicans to impeach him over his role in the Jan 6 attack.
She has enlisted the help of top Wyoming names like former Sen. Alan Simpson (R-Wyo.), who appeared in a campaign ad for her in June. Earlier this week, she touted a picture of actor Kevin Costner, who wore a shirt saying “I’m for Liz Cheney”
A poll released last month by the Casper Star-Tribune showed Cheney trailing Hageman by more than 20 percent at 30 percent and 52 percent respectively.
The Hill has reached out to a Trump spokesperson for comment. | https://www.wearegreenbay.com/news/national/dick-cheney-in-new-ad-no-individual-is-greater-threat-to-our-republic-than-trump/ | 2022-08-04T22:52:15Z | https://www.wearegreenbay.com/news/national/dick-cheney-in-new-ad-no-individual-is-greater-threat-to-our-republic-than-trump/ | true |
WFO SAN JOAQUIN VALLEY Warnings, Watches and Advisories for Thursday, August 4, 2022
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FLASH FLOOD WARNING
The National Weather Service in Hanford has issued a
* Flash Flood Warning for...
South Central Kern County in central California...
* Until 345 PM PDT.
* At 240 PM PDT, Doppler radar indicated thunderstorms producing
heavy rain across the warned area. Between 1 and 2 inches of rain
have fallen. The expected rainfall rate is 1 to 2 inches in 1
hour. Flash flooding is ongoing or expected to begin shortly.
HAZARD...Flash flooding caused by thunderstorms.
SOURCE...Radar.
IMPACT...Flash flooding of small creeks and streams, urban
areas, highways, streets and underpasses as well as
other poor drainage and low-lying areas.
* Some locations that will experience flash flooding include...
Tehachapi, Stallion Springs, Golden Hills, Bear Valley Springs,
Water Canyon and Keene.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Flooding is occurring or is imminent. It is important to know where
you are relative to streams, rivers, or creeks which can become
killers in heavy rains. Campers and hikers should avoid streams or
creeks.
...FLOOD ADVISORY IN EFFECT UNTIL 530 PM PDT THIS AFTERNOON...
* WHAT...Flooding caused by excessive rainfall is expected.
* WHERE...A portion of southwest California, including far northern
Ventura County.
* WHEN...Until 530 PM PDT.
* IMPACTS...Dangerous flows over low-water crossings.
* ADDITIONAL DETAILS...
- At 237 PM PDT, Doppler radar indicated heavy rain due to
thunderstorms. Minor flooding is ongoing or expected to begin
shortly in the advisory area.
- Some locations that will experience flooding include...
Lockwood Valley.
- http://www.weather.gov/safety/flood
The rain will likely trigger minor rock falls and flooding capable
of localized damage, especially in steep terrain.
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Copyright 2022 AccuWeather | https://www.ourmidland.com/weather/article/CA-WFO-SAN-JOAQUIN-VALLEY-Warnings-Watches-and-17352609.php | 2022-08-04T22:55:35Z | https://www.ourmidland.com/weather/article/CA-WFO-SAN-JOAQUIN-VALLEY-Warnings-Watches-and-17352609.php | true |
ISSAQUAH, Wash., Aug. 4, 2022 /PRNewswire/ -- The King County Library System (KCLS) offers a unique new service called Peers in Libraries to help meet community members' needs. Peers in Libraries is administered in partnership with Peer Kent, a nonprofit organization that aims to cultivate powerful, healthy lives by providing emotional support and development services to those impacted by addiction, mental health and/or HIV/AIDS. Peers in Libraries is one of only a few such programs in the nation, and the only one in Washington state.
KCLS' Peer Services Specialists, or "Peers," work through a trauma-informed lens to connect people to the community resources and services they need, including shelter and housing, education, food and mental health referrals. Peers are individuals with lived experiences of mental or medical illness, substance abuse, homelessness and/or involvement with the criminal justice system. Now on a path to recovery, Peers draw on their experience to help patrons identify and achieve wellness goals. They provide support in a compassionate space, while sharing stories without judgment to help people rebuild their lives.
Peers collaborate with day centers, shelters, food banks, safe parking sites, encampments and substance abuse treatment clinics to conduct community outreach. From January through June, Peers engaged with 1,115 patrons and referred 839 people to library and community resources. Peers also attended 190 community meetings to keep abreast of local needs. Peers have helped patrons find shelter, complete employment training, enroll in mental health treatment programs and sign up for benefits.
"Peers in Libraries reflects KCLS' commitment to create communities of inclusion and belonging, and reduce barriers to access," stated KCLS Executive Director Lisa Rosenblum. "We are fortunate to have Peers at KCLS, and appreciate the impactful services they provide."
The Peers in Libraries partnership provides three full-time Peer Services Specialists who work at the Kent, Renton, Federal Way and Bellevue Libraries. The King County Library System Foundation and King County Health Care for the Homeless Network provide grant funding for these positions. Learn more about Peers in Libraries at kcls.org/ask.
Founded in 1942, the King County Library System (KCLS) is one of the busiest public library systems in the country. Serving the communities of King County (outside the city of Seattle), KCLS has 50 libraries and 1.3 million cardholders. In 2021, residents checked out over 7.8 million digital eBooks and audiobooks through OverDrive, making KCLS the fourth-highest digital circulating library system in the world and the highest per capita in the U.S. In 2011, KCLS was named Library of the Year by Gale/Library Journal.
King County Library System Media Contact: Sarah Thomas, sjthomas@kcls.org
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SOURCE King County Library System | https://www.kold.com/prnewswire/2022/08/04/king-county-library-system-leads-way-community-support-services-with-peers-libraries-partnership/ | 2022-08-04T22:56:51Z | https://www.kold.com/prnewswire/2022/08/04/king-county-library-system-leads-way-community-support-services-with-peers-libraries-partnership/ | true |
In South Korea, Pelosi avoids public comments on Taiwan, China
SEOUL, South Korea — After infuriating China over her trip to Taiwan, U.S. House Speaker Nancy Pelosi met South Korean political leaders in Seoul on Thursday but avoided making direct public comments on relations with Beijing and Taipei that could further increase regional tensions.
Pelosi, the first House speaker to visit Taiwan in 25 years, said Wednesday in Taipei that the American commitment to democracy in the self-governing island and elsewhere “remains ironclad.” In response, China on Thursday began military exercises, including missile strike training, in six zones surrounding Taiwan, in what could be the biggest of their kind since the mid-1990s.
After visiting Taiwan, Pelosi and other members of her congressional delegation flew to South Korea — a key U.S. ally where about 28,500 American troops are deployed — on Wednesday evening, as part of an Asian tour that included earlier stops in Singapore and Malaysia.
She met South Korean National Assembly Speaker Kim Jin Pyo and other senior members of Parliament on Thursday. After that hour-long meeting, Pelosi spoke about the bilateral alliance, forged in blood during the 1950-53 Korean War, and legislative efforts to boost ties, but didn’t directly mention her Taiwan visit or the Chinese protests.
“We also come to say to you that a friendship, (the) relationship that began from urgency and security, many years ago, has become the warmest of friendships,” Pelosi said in a joint news conference with Kim. “We want to advance security, economy and governance in an inter-parliamentary way.”
Neither Pelosi nor Kim took questions from journalists.
Kim said he and Pelosi shared concerns about North Korea’s increasing nuclear threat. He said the two agreed to support their governments’ push for denuclearization and peace on the Korean Peninsula based on both strong deterrence against North Korea and diplomacy.
Pelosi and her delegation later spoke by phone with South Korean President Yoon Suk Yeol on the alliance, foreign policy and other issues. Yoon is on vacation this week, but critics accuse him of intentionally shunning a face-to-face meeting with Pelosi in consideration of ties with China, South Korea’s biggest trading partner. Yoon’s office said it had reviewed national interests and that Yoon’s vacation plan had already been set up when, about two weeks ago, Pelosi’s side contacted his office about a possible meeting.
During the phone conversation, Pelosi and other members of her congressional delegation didn’t bring up the Taiwan issue, and Yoon also didn’t raise the matter, Yoon’s office said.
In recent years, South Korea has been struggling to strike a balance between the United States and China as their rivalry has deepened. Yoon, a conservative, took office in May with a vow to boost South Korea’s military alliance with the United States and take a tougher line on North Korean provocations.
Later Thursday, Pelosi was to visit a border area with North Korea that is jointly controlled by the American-led United Nations Command and North Korea, South Korean officials said. If that visit occurs, Pelosi would be the highest-level American to go to the Joint Security Area since then-President Donald Trump visited in 2019 for a meeting with North Korean leader Kim Jong Un.
Yoon said Pelosi's visit to the JSA would demonstrate “a strong deterrence against North Korea” by the allies, said Kim Tae-hyo, a deputy presidential national security adviser.
South Korean media, citing no sources, later reported that Pelosi visited the JSA but gave no further details. The U.S. Embassy in Seoul, the U.N. Command and the South Korean Defense Ministry couldn't immediately confirm the reports.
Sitting inside the 4-kilometer (2.5-mile) -wide Demilitarized Zone, a buffer created at the end of the Korean War, the JSA is the site of past bloodshed and a venue for numerous talks. U.S. presidents and other top officials have often traveled to the JSA and other border areas to reaffirm their security commitment to South Korea.
Any statement critical of North Korea by Pelosi is certain to draw a furious response. On Wednesday, the North’s Foreign Ministry slammed the United States over her Taiwan trip, saying “the current situation clearly shows that the impudent interference of the U.S. in internal affairs of other countries … (is) the root cause of harassed peace and security in the region.”
On Thursday evening, Pelosi flew to Japan, the final leg of her Asian tour.
The Chinese military exercises launched Thursday and planned to last until Sunday involve its navy, air force and other departments. They include missile strikes on targets in the seas north and south of the island in an echo of the last major Chinese military drills aimed at intimidating Taiwan’s leaders and voters in 1995 and 1996. | https://www.pressdemocrat.com/article/news/in-south-korea-pelosi-avoids-public-comments-on-taiwan-china/ | 2022-08-04T22:57:12Z | https://www.pressdemocrat.com/article/news/in-south-korea-pelosi-avoids-public-comments-on-taiwan-china/ | false |
SEATTLE, Aug. 4, 2022 /PRNewswire/ -- The Washington Poison Center (WAPC) is pleased to announce the appointment of Dr. Scott Phillips, MD, FACP, FACMT, FAACT as its Executive Director/Medical Director. Dr. Phillips has served the WAPC for over 7 years, starting in 2015 as a consulting medical toxicologist, becoming the Associate Medical Director in 2017, Interim Medical Director in 2021, and then Medical Director later that year.
In this expanded role as Executive Director and Medical Director, Dr. Phillips will provide overall administrative and medical direction, as well as lead the WAPC in achieving its mission and maintaining its high quality services through strategic planning, operational planning, financial stewardship, and the cultivation of relationships with external stakeholders.
"Dr. Phillips has quickly established himself as an exemplary leader and face of the Washington Poison Center, representing us to the Washington State Legislature and many external organizations," commented Anita Mires, President of the WAPC Board of Directors. "He is a person of great integrity and we are fortunate to have his leadership in directing the WAPC."
Dr. Phillips has been board-certified in Internal Medicine and Toxicology for over thirty years. In addition to his position at the WAPC, he continues to work as a hospitalist at Providence Mount Carmel Hospital in Colville, Washington. Dr. Phillips's work in medical toxicology extends beyond the WAPC, as he serves as a clinical faculty member at Rocky Mountain Poison & Drug Safety and as an Associate Clinical Professor of Medicine in the Division of Clinical Pharmacology and Toxicology at the University of Colorado Health Sciences Center. Over his career, Dr. Phillips has published several textbooks and numerous other publications in the field of medical toxicology. He continues to lecture in Washington, nationwide, and internationally on topics within medical toxicology, emergency medicine, and the importance of poison center systems.
Media contact: mryuk@wapc.org
About the WAPC: The Washington Poison Center is a 501(c)3 nonprofit mandated by Washington State to deliver poison and drug exposure-related medical advice and education to community members, first responders, and healthcare providers. WAPC provides medical advice through a 24/7/365 free telephone line staffed by specially trained pharmacists, nurses, and physician medical toxicologists. WAPC also provides free programs to educate local communities on poison safety, prevention, and harm reduction.
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SOURCE Washington Poison Center | https://www.1011now.com/prnewswire/2022/08/04/dr-scott-phillips-appointed-executive-directormedical-director-washington-poison-center/ | 2022-08-04T22:58:11Z | https://www.1011now.com/prnewswire/2022/08/04/dr-scott-phillips-appointed-executive-directormedical-director-washington-poison-center/ | true |
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KANSAS CITY, Mo. (AP) — The Boston Red Sox released Jackie Bradley Jr. on Thursday, ending the outfielder's second stint with the team.
Bradley is batting .210 with three homers and 29 RBIs in 92 games this season. Bradley's release left the Red Sox with 39 players on their 40-man roster.
Bradley was drafted by Boston with the No. 40 pick in the 2011 amateur draft. He broke into the majors with the Red Sox in 2013 and helped the team win the World Series in 2018.
Bradley agreed to a $24 million, two-year contract with Milwaukee in March 2021 and played one season for the Brewers before he was traded to Boston in December.
The 32-year-old Bradley is a .228 hitter with 107 homers and 434 RBIs in 1,098 major league games. He was the MVP of the 2018 AL Championship Series and won the AL Gold Glove in center that same year.
___
More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://www.seattlepi.com/sports/article/Boston-Red-Sox-release-outfielder-Jackie-Bradley-17352765.php | 2022-08-04T22:58:28Z | https://www.seattlepi.com/sports/article/Boston-Red-Sox-release-outfielder-Jackie-Bradley-17352765.php | false |
MLB Expanded Pitching Comparison
For Games of Friday, August 5
INTERLEAGUE
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AMERICAN LEAGUE
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NATIONAL LEAGUE
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KEY
TEAM REC-Team's Record in games started by today's pitcher.
CAR-Career record versus this opponent.
VS OPP-Pitcher's record versus this opponent. | https://www.seattlepi.com/sports/article/MLB-Expanded-Pitching-Comparison-17352535.php | 2022-08-04T22:59:02Z | https://www.seattlepi.com/sports/article/MLB-Expanded-Pitching-Comparison-17352535.php | false |
WFO LAS VEGAS Warnings, Watches and Advisories for Thursday, August 4, 2022
_____
FLASH FLOOD WARNING
Flash Flood Statement
National Weather Service Las Vegas NV
323 PM PDT Thu Aug 4 2022
...FLASH FLOOD WARNING WILL EXPIRE AT 330 PM PDT THIS AFTERNOON FOR
SOUTH CENTRAL INYO COUNTY...
The heavy rain has ended. Flooding is no longer expected to pose a
threat. Please continue to heed remaining road closures.
A Flood Watch remains in effect until 1100 PM PDT Friday for
portions of northwest Arizona, southeast California and Nevada.
_____
Copyright 2022 AccuWeather | https://www.seattlepi.com/weather/article/CA-WFO-LAS-VEGAS-Warnings-Watches-and-Advisories-17352778.php | 2022-08-04T22:59:44Z | https://www.seattlepi.com/weather/article/CA-WFO-LAS-VEGAS-Warnings-Watches-and-Advisories-17352778.php | false |
ALEXANDRIA, Va., Aug. 4, 2022 /PRNewswire/ -- Falcon Capital Advisors, a leading business advisory firm that provides strategic advice, technical expertise and engagement execution to financial institutions and government agencies, today announced that it has hired industry veteran Walter Allen as its Managing Director; Natisha Dawson as its new Director of Finance and promoted Ken Yoo to Chief Operating Officer.
"We are pleased to welcome Natisha and Walter to the team and to elevate Ken in an expanded role," said Armando Falcon, Chairman and Chief Executive Officer of Falcon Capital Advisors. "This latest infusion of talent, as well as our recent announcement that Phil Bracken has joined us as Vice Chairman, reinforces our position as the premier, full-service consulting firm dedicated to serving the needs of the mortgage and capital markets. The timing couldn't be more advantageous, given turmoil in the mortgage market and the digital transformation that is taking place. Clients are looking for strategic counsel as they readjust their business models and for direction and implementation assistance as they digitize their lending and secondary marketing operations."
Allen will be responsible for business development across Falcon's major practice areas: financial institutions and government advisory services and its eMortgage consulting practice. Allen is a recognized industry veteran and digital business strategy leader with more than 20 years of experience utilizing technology solutions to drive transformational business initiatives in both the government and private sector. Prior to joining Falcon, Allen was the President of HouseAmp, a fintech company where he managed and oversaw all aspects of the operation. Prior to HouseAmp, Allen spent nearly 13 years with data and technology leader CoreLogic, most recently as Vice President of Government Solutions working directly with federal government clients and agencies. Earlier, he was the Vice President of Global Capital Markets where he oversaw a team of product specialists and subject matter experts focused on key financial services customers and the Rating Agencies.
Dawson brings more than 20 years of finance and leadership expertise to Falcon. As Director of Finance, Dawson will be responsible for leading all finance and accounting matters in the firm. Prior to joining Falcon, she was the Founder & Chief Financial Officer of The Griffin Way, a firm designed to provide outsourced finance and accounting services to small- and mid-sized businesses. Previously, she held executive financial roles at large, global marketing, public relations and communications firms.
As Chief Operating Officer, Yoo oversees Falcon's daily operational and administrative functions. Yoo's areas of oversight at Falcon include daily operational supervision, strategic planning, M&A planning and integration, IT and physical infrastructure management, and governance/risk/compliance activities. Yoo has more than 25 years of senior leadership experience in banking, housing finance, consulting risk management and regulatory oversight. During his tenure at Falcon Yoo has been responsible for managing teams, relationships and projects for both commercial and government agency clients. Yoo's involvement in those engagements have included initiatives related to program management, asset management, risk management and quality control, data analytics, grant and loan administration and financial analysis for the housing, financial services and healthcare industries.
Falcon Capital Advisors (FCA) is a Washington, D.C.-based business and technology advisory firm that provides strategic advice, technical expertise and engagement execution to financial institutions and government agencies. The FCA team is comprised of industry experts who have developed deep financial services expertise by serving as regulators at federal financial regulatory agencies and as top business and technology executives at leading financial institutions. FCA's capabilities span the entire mortgage landscape, from origination and servicing to government agency consulting. The firm's technology consulting practice is known for its expertise in digital transformation, its ability to implement as well as design solutions, and its vendor agnostic approach. For more information, go to falconcapitaladvisors.com.
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SOURCE Falcon Capital Advisors | https://www.wcjb.com/prnewswire/2022/08/04/falcon-capital-advisors-expands-leadership-team-accelerate-growth/ | 2022-08-04T23:02:22Z | https://www.wcjb.com/prnewswire/2022/08/04/falcon-capital-advisors-expands-leadership-team-accelerate-growth/ | true |
WFO PORTLAND Warnings, Watches and Advisories for Monday, August 8, 2022
_____
HEAT ADVISORY
URGENT - WEATHER MESSAGE...CORRECTED
National Weather Service Portland OR
225 PM PDT Thu Aug 4 2022
...HEAT ADVISORY IN EFFECT FROM NOON SUNDAY TO 8 PM PDT MONDAY...
* WHAT...High temperatures 97 to 102. Low temperatures 60 to 70.
* WHERE...In Oregon, Greater Portland Metro Area, Upper Hood
River Valley, Western Columbia River Gorge and Central
Columbia River Gorge. In Washington, Greater Vancouver Area,
Western Columbia River Gorge and Central Columbia River Gorge.
* WHEN...From noon Sunday to 8 PM PDT Monday.
* IMPACTS...Hot temperatures may cause heat illnesses to occur.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
_____
Copyright 2022 AccuWeather | https://www.seattlepi.com/weather/article/WA-WFO-PORTLAND-Warnings-Watches-and-Advisories-17352525.php | 2022-08-04T23:03:23Z | https://www.seattlepi.com/weather/article/WA-WFO-PORTLAND-Warnings-Watches-and-Advisories-17352525.php | false |
Clean Harbors Q2 Profit More Than Doubled; Beats Consensus View
(RTTNews) - Environmental and industrial services provider Clean Harbors, Inc. (CLH) reported higher profit in the second quarter backed by revenue growth. Revenue and profit beat analysts' view.
Net income was $148.2 million, or $2.71 per share in the second quarter, higher than $67.1 million, or $1.22 per share last year.
Excluding one-time items, earnings were $133.1 million, or $2.44 per share.
Revenues increased 46% to $1.36 billion from $926.5 million in the same period a year ago.
Analysts on average, polled by Thomson-Reuters expected the company to report earnings of $1.48 per share on revenue of $1.22 billion for the quarter. Analysts' estimates typically exclude special items.
Looking forward, Clean Harbors expects Adjusted EBITDA to increase approximately 50% in the third quarter from the prior-year period, reflecting higher profitability in both the Environmental Services and Safety-Kleen Sustainability Solutions segments, as well as the addition of HydroChemPSC.
The company has raised the midpoint of its 2022 Adjusted EBITDA guidance by $175 million. For the year, the company now expects adjusted EBITDA in the range of $975 million to $1.005 billion, or a midpoint of $990 million.
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren! | https://www.finanzen.at/nachrichten/aktien/clean-harbors-q2-profit-more-than-doubled;-beats-consensus-view-1031645070 | 2022-08-04T23:09:04Z | https://www.finanzen.at/nachrichten/aktien/clean-harbors-q2-profit-more-than-doubled;-beats-consensus-view-1031645070 | false |
NEW YORK, Aug. 4, 2022 /PRNewswire/ -- Mind Medicine (MindMed) Inc. (NASDAQ: MNMD), (NEO: MMED), (the "Company" or "MindMed"), a clinical stage biopharmaceutical company developing novel products to treat brain health disorders, today announced that its Board of Directors has approved a ratio of 1-for-15 reverse share split of its common shares. As a result of the reverse share split, there will be approximately 28.4 million shares of common shares issued and outstanding1. Post reverse share split, the common shares will continue to trade under the symbols "MNMD" on the Nasdaq and "MMED" on the Neo Exchange Inc. but the common shares will be assigned a new CUSIP number.
The listed warrants will continue to trade on the Neo Exchange Inc. under the symbols "MMED.WA", "MMED.WR" and "MMED.WS", as applicable, but will be assigned new CUSIP numbers, respectively, following the reverse share split. The listed warrants will be adjusted to reflect the reverse share split pursuant to the terms of their respective indentures and certificates, as applicable. All options, restricted share units, performance share units and deferred share units of the Company outstanding immediately prior to the reverse share split will be adjusted to reflect the reverse share split in accordance with the terms of their respective plans, as applicable.
The reverse share split is intended to enable the Company to achieve several important corporate objectives, give the Company greater flexibility in considering and planning for future potential business needs, and to address the Nasdaq minimum bid price requirement. In accordance with the Business Corporations Act (British Columbia), no fractional shares of common shares will be issued as a result of the reverse share split. Each fractional common share remaining upon the reverse share split that is less than 1/2 of a common share will be canceled and each fractional common share that is at least 1/2 of a common share will be changed to one whole common share. Subject to completion of all required regulatory reviews and approvals, the reverse share split is expected to take effect after the close of business on August 26, 2022, with trading expected to begin on a split-adjusted basis on the Nasdaq and the Neo Exchange Inc. at market open on August 29, 2022.
Information for MindMed Shareholders
MindMed has chosen its transfer agent, Computershare Investor Services Inc., to act as exchange agent for the reverse share split. Shareholders owning shares via a bank, broker or other nominee will have their positions automatically adjusted to reflect the reverse share split, and will not be required to take further action in connection with the reverse share split, subject to brokers' particular processes. For those shareholders holding physical share certificates, Computershare will send a letter of transmittal providing instructions for exchanging those certificates for share certificates or direct registration advice representing the post-split number of shares.
About MindMed
MindMed is a clinical stage biopharmaceutical company developing novel products to treat brain health disorders, with a particular focus on psychiatry, addiction, pain and neurology. Our mission is to be the global leader in the development and delivery of treatments that unlock new opportunities to improve patient outcomes. We are developing a pipeline of innovative drug candidates, with and without acute perceptual effects, targeting the serotonin, dopamine and acetylcholine systems.
MindMed trades on NASDAQ under the symbol MNMD and on the Canadian NEO Exchange under the symbol MMED.
For Media: media@mindmed.co
For Investors: ir@mindmed.co
Footnotes:
1. As of June 30, 2022, the Company had issued and outstanding 426,689,225 shares of common shares.
Cautionary Notes and Forward-looking Statements
This news release includes certain statements that constitute "forward-looking statements", and "forward-looking information" within the meaning of applicable securities laws collectively "forward-looking statements". When used in this new release, words such as "will", "would", "subject to", "anticipates", "at which time", "will allow", "pursue" and similar expressions are intended to identify these forward-looking statements as well as phrases or statements that certain actions, events or results "may", "could", "would", "should", "occur" or "be achieved" or the negative connotation of such terms. As well, forward-looking statements may relate to the Company's future outlook and anticipated events, such as in respect of the reverse share split, the effect of the reverse share split on the Company, regulatory reviews and approvals of the reverse share split, and the completion and timing of the reverse share split. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If the Company updates any one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
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SOURCE Mind Medicine (MindMed) Inc. | https://www.wbrc.com/prnewswire/2022/08/04/mindmed-board-directors-approves-reverse-share-split/ | 2022-08-04T23:09:20Z | https://www.wbrc.com/prnewswire/2022/08/04/mindmed-board-directors-approves-reverse-share-split/ | true |
PHNOM PENH, Cambodia (AP) — The Association of Southeast Asian Nations is calling for calm in the Taiwan Strait, urging against any “provocative action” in the wake of a visit to Taipei by U.S. House Speaker Nancy Pelosi that has infuriated Beijing.
In a rare statement on such issues from the 10-nation group, some of whose members drift more toward China in allegiance and some toward the United States, ASEAN foreign ministers meeting in Phnom Penh, Cambodia said Thursday that they were concerned the situation could “destabilize the region and eventually could lead to miscalculation, serious confrontation, open conflicts and unpredictable consequences among major powers.”
Both U.S. Secretary of State Antony Blinken and Chinese Foreign Minister Wang Yi were taking part in the ongoing ASEAN meetings in Phnom Penh on Thursday and Friday.
Pelosi received a euphoric welcome as the first U.S. House speaker, and highest ranking U.S. official, to visit Taiwan in more than 25 years, and China swiftly responded by announcing multiple military exercises nearby.
China claims the self-governing island of Taiwan as its territory and opposes any engagement by Taiwanese officials with foreign governments.
Beijing has accused the U.S. of breaking the status quo with the Pelosi visit, while the U.S. insists there has been no change to its “one-China” position of recognizing the government in Beijing, while allowing for informal relations and defense ties with Taipei.
On the other side, with China’s recent increase in military activities around Taiwan, Washington accuses Beijing of no longer accepting the status quo.
Shortly after Pelosi landed Tuesday night, China announced live-fire drills that reportedly started that night, as well as the four-day exercises starting Thursday. The People’s Liberation Army Air Force also flew a contingent of 21 warplanes toward Taiwan.
Meantime, the U.S. has an aircraft carrier group and other naval assets in the region.
In their statement, the ASEAN foreign ministers called for “maximum restraint” and for all sides to “refrain from provocative action.”
“The world is in dire need of wisdom and responsibility of all leaders to uphold multilateralism and partnership, cooperation, peaceful-coexistence and healthy competition for our shared goals of peace, stability, security and inclusive and sustainable development,” they said.
“We should act together and ASEAN stands ready to play a constructive role in facilitating peaceful dialogue between all parties including through utilizing ASEAN-led mechanisms to deescalate tension, to safeguard peace, security and development in our region.”
ASEAN is made up of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. | https://www.texomashomepage.com/news/international/se-asia-urges-us-china-to-avoid-provocation-over-taiwan/ | 2022-08-04T23:11:08Z | https://www.texomashomepage.com/news/international/se-asia-urges-us-china-to-avoid-provocation-over-taiwan/ | true |
NEW YORK (AP) — The virtual cat hero from the new video game sensation “Stray” doesn’t just wind along rusted pipes, leap over unidentified sludge and decode clues in a seemingly abandoned city. The daring orange tabby is helping real world cats as well.
Thanks to online fundraising platforms, gamers are playing “Stray” while streaming live for audiences to raise money for animal shelters and other cat-related charities. Annapurna Interactive, the game’s publisher, also promoted “Stray” by offering two cat rescue and adoption agencies copies of the game to raffle off and renting out a New York cat cafe.
Livestreaming game play for charity isn’t new, but the resonance “Stray” quickly found from cat lovers is unusual. It was the fourth most watched and broadcast game on the day it launched on Twitch, the streaming platform said.
Viewers watch as players navigate the adventurous feline through an aging industrial landscape doing normal cat stuff — balancing on railings, walking on keyboards and knocking things off shelves — to solve puzzles and evade enemies.
About 80% of the game’s development team are “cat owners and cat lovers” and a real-life orange stray as well as their own cats helped inspire the game, one creator said.
“I certainly hope that maybe some people will be inspired to help actual strays in real life — knowing that having an animal and a companion is a responsibility,” said producer Swann Martin-Raget, of the BlueTwelve gaming studio in Montpellier, in southern France.
When Annapurna Interactive reached out to the Nebraska Humane Society to partner before the game’s launch on July 19, they jumped at the chance, marketing specialist Brendan Gepson said.
“The whole game and the whole culture around the game, it’s all about a love of cats,” Gepson said. “It meshed really well with the shelter and our mission.”
The shelter got four copies of the game to give away and solicited donations for $5 to be entered into a raffle to win one. In a week, they raised $7,000, Gepson said, with the vast majority of the 550 donors being new to them, including people donating from Germany and Malta. The company also donated $1,035 to the shelter.
“It was really mutually beneficial,” Gepson said. ”They got some really good PR out of it and we got a whole new donor base out of it.”
Annapurna also bought out Meow Parlour, the New York cat cafe and adoption agency, for a weekend, as well as donating $1,000. Visitors who made reservations could buy “Stray” themed merchandise and play the game for 20 minutes while surrounded by cats. (The game also captivates cats, videos on social media show.)
Jeff Legaspi, Annapurna Interactive’s marketing director, said it made sense for the game’s launch to do something “positively impactful and hopefully bring more awareness to adopting and not shopping for a new pet.”
Annapurna declined to disclose sales or download figures for the game, which is available on PlayStation and the Steam platform. However, according to Steam monitor SteamDB, “Stray” has been the No. 1 purchased game for the past two weeks.
North Shore Animal League America, which rescues tens of thousands of animals each year, said it hadn’t seen any increase in traffic from the game but they did receive more than $800 thanks to a gamer.
In a happy coincidence, the shelter had just set up a profile on the platform Tiltify, which allows nonprofits to receive donations from video streams, the week the game launched. The player channeled donations to the shelter, smashing her initial goal of $200.
“We are seeing Tiltify and livestreaming as this whole new way for us to engage a whole different audience,” said Carol Marchesano, the rescue’s senior digital marketing director. Usually, though, organizations need to reach out to online personalities to coordinate livestreams, which can take a lot of work, she said.
About nine campaigns on Tiltify mention the game “Stray,” the company’s CEO Michael Wasserman said. JustGiving, which also facilitates charity livestreams, said it identified two campaigns with the game.
For his part, Gepson from Nebraska reached out to an Omaha resident who goes by the name TreyDay1014 online to run a charity livestream. Trey, who asked that his last name not be used, has two cats, one of which he adopted from the shelter.
Last week, he narrated to viewers watching live on the platform Twitch as his cat character batted another cat’s tail and danced along railings.
“If I found out my cat was outside doing this, I’d be upset,” Trey said, as his character jumped across a perilous distance. Moments later, a rusty pipe broke, sending the tabby down a gut-wrenching plunge into the darkness.
“That is a poor baby,” Trey said somberly, “but we are okay.”
A $25 donation followed the fall, pushing the amount raised by Trey for the Nebraska shelter to over $100 in about 30 minutes. By the end of four and a half hours of play, donations totaled $1,500. His goal had been to raise $200.
“This has opened my eyes to being able to use this platform for a lot more good than just playing video games,” Trey said.
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AP business writer Matt O’Brien contributed to this report.
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Associated Press coverage of philanthropy and non-profits 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. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy. | https://www.texomashomepage.com/news/national/stray-cat-video-game-brings-some-benefits-to-real-cats/ | 2022-08-04T23:11:30Z | https://www.texomashomepage.com/news/national/stray-cat-video-game-brings-some-benefits-to-real-cats/ | true |
What did Truss and Sunak promise during the Sky News Battle for Number 10?
The NHS, Ukraine, the economy and the Tory party's reputation were all tackled by the final two candidates as they continue their battle to replace Boris Johnson as Conservative leader and prime minister.
Thursday 4 August 2022 23:57, UK
Liz Truss and Rishi Sunak faced tough challenges from Conservative members during a Sky News programme just hours after interest rates were hiked.
Ms Truss won the coin toss to face the audience of Tory voters first, followed by an interview with Sky News' Kay Burley.
However, it was Mr Sunak who won the audience over in the end, with the majority saying impressed them the most.
Ms Truss's key answers:
• Ms Truss admitted current high taxes "are likely to lead to a recession" but said a recession "is not inevitable" and we could "change the outcome and make it more likely that the economy grows".
• She promised there would be a "new generation of members" of her cabinet, and would make sure they were appointed "on the basis of merit" and with "people from all parts of the party, all parts of the country".
• The foreign secretary said it "would be completely wrong" to suggest Ukraine should give up any part of its territory to Russia as it would send a "terrible message" to the world, including China.
• She said she has "changed my view" on building one million homes on green belts, which she said in 2019.
• And she said it "isn't right to try to balance the books straight away" after COVID as doing it "prematurely is actually counter-productive".
• This prompted a fractious response from audience member Jill from Tunbridge Wells, who said Margaret Thatcher "believed in sound money - this is not sound money".
• Ms Truss also claimed her policy announcement on regional pay was "misinterpreted" and as soon as people spoke out against it she "immediately" said she would not go ahead with it.
• She put herself forward as the candidate of integrity, repeatedly saying she is happy to admit if a policy is not working, but would not say she made a mistake.
• In her strongest hint so far that she is prepared to do more on the cost of living crisis, Ms Truss said she could "assure" she "will do all I can to help people who are struggling.
• On Taiwan, Ms Truss said she would not visit the island if she became prime minister.
• And she refused to reveal what the naughtiest thing she has ever done was, but added: "There are no skeletons in my closet!"
Mr Sunak's key answers:
• Asked if there was any point he would step aside in the contest, he said: "No, I'm fighting for something I believe in."
• He claimed he was the candidate to reunite the party and wanted a government "of all talents".
• On increasing the defence budget, he said: "Yes, absolutely." But said he did not believe in "arbitrary targets" in a dig at Ms Truss.
• He was also quizzed on NHS dentists and said the UK "has to be bolder" about NHS reform.
• Mr Sunak defended his plan to charge people who miss GP appointments £10, saying: "I believe in the NHS being free at the point of use but not free at the point of misuse."
• He also denied stabbing Mr Johnson in the back, adding: "I got to a point when it was too difficult for me to stay, I had no choice but to go as the government was on the wrong side of an ethical problem I could not defend."
• On Ms Truss' plans to tackle the cost of living, Mr Sunak said her vision "will make the situation worse".
• He defended his foreign policy positions, saying "I'm tough enough" and would go further with sanctions on Russia, while he added he believes in the Rwanda policy.
• Mr Sunak was quizzed on his abortion position as he has abstained from votes in the past, but said that is simply because he was not around and firmly supports the current law that abortions can take place up to 24 weeks.
• Defiant over comments on his pricey tailored suits and Prada shoes, he denied he had a perception problem and (to cheers from the audience), said: "The British public judge people by character not by their bank account." | https://news.sky.com/story/what-did-truss-and-sunak-promise-during-the-sky-news-battle-for-number-10-12665803 | 2022-08-04T23:13:30Z | https://news.sky.com/story/what-did-truss-and-sunak-promise-during-the-sky-news-battle-for-number-10-12665803 | true |
Attempted kidnapping reported in Marshall Co.
Published: Aug. 4, 2022 at 5:54 PM CDT|Updated: 19 minutes ago
MARSHALL COUNTY, Okla. (KXII) - Marshal County Sheriffs are investigating an attempted kidnapping.
Sheriff Donald Yow said it happened Thursday afternoon, and the only description they have at this time is that the vehicle is dark colored SUV driven by a Hispanic male.
Sheriff Yow said more information will be released Friday.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/08/04/attempted-kidnapping-reported-marshall-co/ | 2022-08-04T23:15:24Z | https://www.kxii.com/2022/08/04/attempted-kidnapping-reported-marshall-co/ | true |
Airlines would have to give refunds for delayed flights under new rule proposal
The Transportation Department is proposing to require airlines to offer passengers a refund if their flight schedule is changed significantly or the airline makes major changes to their itinerary.
The proposed rule announced Wednesday would require airlines to give refunds if their departure or arrival time changes by three hours or more for a domestic flight or at least six hours for an international one.
Refunds would also be due if the airline changes the passenger’s departure or arrival airport, adds stops in their itinerary, or causes "a significant downgrade" in the travel experience by switching to a different type of plane.
The rule would apply even for travelers who buy nonrefundable tickets, which usually cost less and are favored by many leisure travelers.
The proposal comes after the department was flooded with complaints by passengers whose flights were canceled or changed — or who were afraid to fly during the early months of the pandemic — and who couldn't get refunds.
RELATED: Delta passenger explains why he declined $10K offer to give up airplane seat
Airlines prefer to hand out travel vouchers instead of refunds.
The department proposes to require that airlines and ticket agents give vouchers that don't expire for passengers who are told not to travel during a pandemic for health reasons or because borders are closed.
RELATED: Amid delays, American Airlines earns $476 million on record revenue in 2Q
The proposal faces a public-comment period and likely opposition by airlines. Their trade group, Airlines for America, did not immediately comment.
JetBlue Airways passengers in a crowded terminal April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. (Photo by Robert Nickelsberg/Getty Images)
Currently, airlines are required to offer refunds to passengers whose flights are canceled or significantly changed, but it has never defined a cancellation or significant change. Because of that, airlines have challenged the Transportation Department’s authority to force them to pay refunds.
RELATED: Airline tickets dropping from summer highs, report says
"When Americans buy an airline ticket, they should get to their destination safely, reliably, and affordably," Transportation Secretary Pete Buttigieg said in a statement. "This new proposed rule would protect the rights of travelers and help ensure they get the timely refunds they deserve from the airlines."
Consumer complaints filed with the department rose nearly seven-fold in 2020 from the year before, and 87% were about refunds.
The department will take public comments on the proposal for 90 days. A group that advises the department and includes consumer advocates scheduled an online meeting to discuss the rule on Aug. 22. | https://www.fox35orlando.com/news/airlines-refunds-us-transportation-department-delayed-flights | 2022-08-04T23:16:43Z | https://www.fox35orlando.com/news/airlines-refunds-us-transportation-department-delayed-flights | true |
Mall of America shooting: Mall closing for night after shooter flees
BLOOMINGTON, Minn. (FOX 9) - A shooting at Mall of America sent the mall into lockdown on Thursday afternoon, with police calling it an isolated incident.
MOA lockdown being lifted, mall will remain closed
As of 5:40 p.m. on Thursday, the mall was in the process of lifting the lockdown and police have secured the scene, Bloomington police said. Once the lockdown is lifted, Mall of America will close for the evening, police said.
The suspect in the shooting fled the mall on foot, police said, and officers are in the process of interviewing witnesses.
A victim has not been located as of 5:40 p.m., police said.
Witness hear ‘pop, pop, pop’ outside Nike store
On video from inside the mall, you could clearly hear shots fired from near the Nike store. A witness told FOX 9 the shooting happened in the Nike store. Two groups started arguing and then the witness heard several shots fired, took cover and ran out the front door of the store, the witness said.
MOA shooting captured on video
After the shooting was reported, police said numerous officers were responding to the scene, Bloomington police tweeted at 4:51 p.m. Thursday. Videos from social media then showed cops with guns sweeping the mall after the shooting was reported.
Soon after, Mall of America addressed the incident, tweeting: "Mall of America is currently under lockdown. There is a confirmed isolated incident in a tenant space. Please remain in the closest secure location until the lockdown has been lifted. Please stay tuned for additional updates."
Posts on social media show chaos and confusion as people rushed out of the building. According to posts on social media from FOX 55's Andy Paras, cops with rifles are in the mall and a message to people on the mall PA system instructed them to take shelter.
Employee says MOA not safe anymore
A Shake Shack employee told FOX 9 this is the second shooting at the mall she's experienced, and she doesn't feel safe anymore.
This is a developing story. Check back for updates. | https://www.fox35orlando.com/news/mall-of-america-shooting-lockdown-2022 | 2022-08-04T23:17:13Z | https://www.fox35orlando.com/news/mall-of-america-shooting-lockdown-2022 | true |
THE WOODLANDS, Texas (AP) _ Earthstone Energy Inc. (ESTE) on Thursday reported second-quarter net income of $144.9 million, after reporting a loss in the same period a year earlier.
The The Woodlands, Texas-based company said it had net income of $1.46 per share. Earnings, adjusted for one-time gains and costs, came to $1.29 per share.
The oil and gas company posted revenue of $472.6 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESTE at https://www.zacks.com/ap/ESTE | https://www.mrt.com/business/article/Earthstone-Energy-Q2-Earnings-Snapshot-17352564.php | 2022-08-04T23:20:50Z | https://www.mrt.com/business/article/Earthstone-Energy-Q2-Earnings-Snapshot-17352564.php | false |
WILSON, North Carolina — Less than a year ago, President Biden signed a $1.2 trillion infrastructure bill. $108 Billion of that is set aside for public transportation. Right now, 45% of Americans are without some form of public transportation.
Most people across the United States have likely never heard of Wilson, North Carolina, but there is a community similar to it in states across the country. About 50,000 people live in this town and nearly every single one of them has somewhere they need to go. Rodger Lentz is the assistant city manager of the town. Their transportation issues have been going on for years.
"Really when I got here in 2007, transportation was an issue like getting people to work or getting people essential services, the bus runs just once an hour," Lentz said. "Our bus system wasn't even connecting people to the highest paying jobs in the community."
However, all changed two years ago when they embraced a microtransit model; replacing their city buses with ride share type vans that can be ordered on an app or called through a number, and only cost $1.50 to go anywhere in the city.
"I mean by the fourth week we already matched what the buses were doing and now were approaching 4,000 trips every week," Lentz said.
As a driver, Kutina Winston hears stories from riders every day about the freedom and access this partnership with Via has given them.
"I mean everybody that we drive, that's the first thing they say, I am so glad that you all are in place because the buses were horrible," Winston said. "Yes we take people to the grocery store but mainly to work and doctors appointments."
Wilson used to have five fixed bus routes that ran once an hour. They only reached 40% of the city but now with Via they reach 100%. Cities with more than 100,000 people like Arlington Texas, Cape Coral Florida and Broken Arrow Oklahoma have had no public transportation but organizations like Via are trying to change that. Chris Snyder, the co-COO of Via, acknowledges this microtransit model is by no means meant to replace public transit in every city.
"45% of Americans basically have no access to public transit, so it's sort of an equity issue," Snyder said. "There is one New York city in the country, there are thousands of Wilsons."
The idea is to keep what's working while also filling the necessary gaps. In Wilson that meant access.
"The question was how can we do more with the same budget and how can we expand access to many more people into a bigger part of the cities," Snyder said.
In a place like Jersey City, the problems were very different because of the expansive, successful transit systems in place.
"And the question was really more about how do we get people to that kind of core backbone of the public transit infrastructure which we need to enhance," Snyder said.
Via is now in over 600 cities across the world, providing individualized solutions to each city's transit needs.
"This was a blessing to Wilson and I know it can be a blessing to other cities and states as well," Winston said.
This concept is meant to be integrated into public transportation, keeping the systems affordable and equitable. | https://www.lex18.com/news/national/microtransit-can-help-fill-transportation-gaps-in-cities-across-the-us | 2022-08-04T23:21:15Z | https://www.lex18.com/news/national/microtransit-can-help-fill-transportation-gaps-in-cities-across-the-us | true |
SAN FRANCISCO (AP) _ Block, Inc. (SQ) on Thursday reported a loss of $208 million in its second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 36 cents. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.
The results met Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was also for earnings of 18 cents per share.
The mobile payments services provider posted revenue of $4.4 billion in the period, topping Street forecasts. Eleven analysts surveyed by Zacks expected $4.33 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SQ at https://www.zacks.com/ap/SQ | https://www.sfchronicle.com/business/article/Block-Q2-Earnings-Snapshot-17352880.php | 2022-08-04T23:22:34Z | https://www.sfchronicle.com/business/article/Block-Q2-Earnings-Snapshot-17352880.php | false |
IOWA (WHO-TV) – An autopsy released Thursday revealed the causes of death for three family members who were killed at an eastern Iowa state park last month, as well as for the man believed to have killed them.
The bodies of the Cedar Falls, Iowa family were found at the Maquoketa Caves State Park on July 22; their deaths have been ruled homicides.
Tyler Schmidt, 42, was killed by a gunshot wound and “multiple sharp force injuries,” according to an Iowa Dept. of Public Safety news release. Sarah Schmidt, 42, died of multiple sharp force injuries, and 6-year-old Lula Schmidt died from a gunshot wound and strangulation.
Investigators previously said a fourth family member, 9-year-old Arlo Schmidt, survived the attack without physical injury. As of Thursday, it wasn’t clear whether or not he was in the tent when the deadly attack happened.
The cause of death for 23-year-old Anthony Sherwin, of LaVista, Nebraska, who the department said killed the Schmidts, was a self-inflicted gunshot wound. Investigators found Sherwin’s body in a wooded area outside of the campground.
Investigators have said they don’t know what caused Sherwin to attack the family.
The DCI is continuing its investigation into the deaths, but said in the release, “However, the known facts and circumstances, and all evidence collected to this point, substantiate Sherwin was the perpetrator of the homicides and acted alone.”
No other information was released by the DCI.
The Associated Press contributed to this report. | https://www.kron4.com/news/national/parents-6-year-old-killed-at-iowa-state-park-were-shot-stabbed-strangled-autopsy/ | 2022-08-04T23:26:33Z | https://www.kron4.com/news/national/parents-6-year-old-killed-at-iowa-state-park-were-shot-stabbed-strangled-autopsy/ | true |
TUPELO • Lawndale Elementary School students returned to the "Greatest School on Earth" Thursday morning as the Tupelo Public School District's 2022-23 school year began.
The school's 400 students arrived to hallways covered in circus-themed decorations, complete with a circus tent ceiling in the center of the school.
Talina Knight, principal of Lawndale Elementary, said relationships will be a major focus of this year — building a positive rapport with students and extending that partnership to families.
"It's been so difficult through the pandemic for teachers and students," Knight said. "And the big thing that makes students feel safe and welcomed at school, so their minds are ready to learn, is relationships."
Two of the school's goals are to promote literacy and arts integration, Knight said, which are proven to increase student achievement.
Part of the reason the school went with the circus theme, inspired by the movie "The Greatest Showman," was the school's stars — its staff.
"The school is not a building; the school is the people," Knight said. "And I truly believe that they are a stellar group, and they're going to do great things with the kids this year."
Kyleigh Bradley, a third grade student at Lawndale, said she was happy to be back at school Thursday.
She's excited about reading this year, her favorite subject, but is most looking forward to recess.
Third grade math teacher Misty McMurry said she plans to focus on fostering community in her classroom this year.
"I believe that's what helps us get through," McMurry said. "Creating a classroom community and teaching how to be a part of society."
Elizabeth Owen, third through fifth grade art teacher at Lawndale, was excited to have students back on campus.
"I've been looking forward to this," Owen said. "Because I miss them as much as they probably miss me. I've been thinking about new things to do with them and teach them."
Owen's role is unique in that she gets to teach and interact with the same students throughout their three years at the school. She enjoys building relationships, catching up with them after summer break and finding out what's going on in their life.
She wants to inspire confidence in her students this year.
"I want them to be proud of what they do and the choices that they make, and know that they're building off of that," Owen said. "If they don't have confidence in themselves, they're not going to take risks and grow."
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Error! There was an error processing your request. | https://www.djournal.com/news/education/students-return-to-tupelo-schools-for-2022-23-school-year/article_8a387aa8-6b22-5652-bae4-ee872dd70c41.html | 2022-08-04T23:29:00Z | https://www.djournal.com/news/education/students-return-to-tupelo-schools-for-2022-23-school-year/article_8a387aa8-6b22-5652-bae4-ee872dd70c41.html | true |
WFO AMARILLO Warnings, Watches and Advisories for Thursday, August 4, 2022
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SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Amarillo TX
521 PM CDT Thu Aug 4 2022
...A strong thunderstorm will impact portions of northeastern Carson,
southeastern Hutchinson, northwestern Gray and southwestern Roberts
Counties through 545 PM CDT...
At 521 PM CDT, Doppler radar was tracking a strong thunderstorm 5
miles west of Skellytown, or 8 miles southeast of Borger, moving west
at 15 mph.
HAZARD...Wind gusts of 50 to 55 mph.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects.
Locations impacted include...
Pampa, Borger, Panhandle, White Deer, Skellytown and Kingsmill.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
LAT...LON 3566 10098 3542 10100 3532 10150 3576 10147
TIME...MOT...LOC 2221Z 101DEG 11KT 3560 10128
MAX HAIL SIZE...0.00 IN
MAX WIND GUST...55 MPH
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Copyright 2022 AccuWeather | https://www.myplainview.com/weather/article/TX-WFO-AMARILLO-Warnings-Watches-and-Advisories-17352768.php | 2022-08-04T23:29:46Z | https://www.myplainview.com/weather/article/TX-WFO-AMARILLO-Warnings-Watches-and-Advisories-17352768.php | true |
ROSEVILLE, Minn. (AP) _ Hawkins Inc. (HWKN) on Thursday reported fiscal first-quarter earnings of $19.7 million.
On a per-share basis, the Roseville, Minnesota-based company said it had profit of 94 cents.
The chemical maker posted revenue of $246.5 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HWKN at https://www.zacks.com/ap/HWKN | https://www.sfgate.com/business/article/Hawkins-Fiscal-Q1-Earnings-Snapshot-17352629.php | 2022-08-04T23:29:47Z | https://www.sfgate.com/business/article/Hawkins-Fiscal-Q1-Earnings-Snapshot-17352629.php | false |
CAMBRIDGE, Mass. (AP) _ HubSpot Inc. (HUBS) on Thursday reported a loss of $56.4 million in its second quarter.
The Cambridge, Massachusetts-based company said it had a loss of $1.18 per share. Earnings, adjusted for one-time gains and costs, were 44 cents per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The cloud-based marketing and sales software platform posted revenue of $421.8 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $409.7 million.
For the current quarter ending in October, HubSpot expects its per-share earnings to range from 50 cents to 52 cents.
The company said it expects revenue in the range of $425 million to $426 million for the fiscal third quarter.
HubSpot expects full-year earnings in the range of $2.28 to $2.30 per share, with revenue ranging from $1.69 billion to $1.7 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUBS at https://www.zacks.com/ap/HUBS | https://www.sfgate.com/business/article/HubSpot-Q2-Earnings-Snapshot-17352614.php | 2022-08-04T23:29:54Z | https://www.sfgate.com/business/article/HubSpot-Q2-Earnings-Snapshot-17352614.php | true |
Keanu Reeves is making his return to TV as the lead of the anticipated adaptation of Devil in the White City from executive producers Martin Scorsese and Leonardo DiCaprio. The news was officially announced by Hulu during its Television Critics Association presentation on Thursday.
Written by showrunner Sam Shaw and directed by Todd Field, the limited true-crime series is based on Erik Larson’s bestselling novel about architect Daniel H. Burnham, a demanding visionary racing to leave his mark on history with the 1893 Chicago World’s Fair, and Dr. H. H. Holmes, who becomes known as America’s first serial killer and the monster behind “Murder Castle.”
The series marks Reeves' first starring TV role since appearing in 2016’s Swedish Dicks and a number of made-for-TV films in the 1980s. The actor, however, was most recently seen on the big screen in The Matrix Resurrections, and is set to reprise his role in the John Wick franchise, which returns with a fourth sequel in 2023.
RELATED CONTENT: | https://www.wzzm13.com/article/entertainment/entertainment-tonight/keanu-reeves-to-star-in-devil-in-the-white-city-hulu-series/603-ea5b840e-be94-44d7-bd4c-8ae8cd3b9250 | 2022-08-04T23:31:44Z | https://www.wzzm13.com/article/entertainment/entertainment-tonight/keanu-reeves-to-star-in-devil-in-the-white-city-hulu-series/603-ea5b840e-be94-44d7-bd4c-8ae8cd3b9250 | false |
WFO ALBANY Warnings, Watches and Advisories for Thursday, August 4, 2022
_____
AREAL FLOOD ADVISORY
Flood Advisory
National Weather Service Albany NY
553 PM EDT Thu Aug 4 2022
...FLOOD ADVISORY IN EFFECT UNTIL 9 PM EDT THIS EVENING...
* WHAT...Flooding caused by excessive rainfall is expected.
* WHERE...A portion of Rensselaer County in eastern New York
* WHEN...Until 900 PM EDT.
* IMPACTS...Minor flooding in low-lying and poor drainage areas.
* ADDITIONAL DETAILS...
- At 552 PM EDT, Doppler radar indicated heavy rain due to
thunderstorms. Minor flooding is ongoing or expected to begin
shortly in the advisory area. Between 1 and 2 inches of rain
have fallen.
- Some locations that will experience flooding include...
Pittstown, Valley Falls, Boyntonville, East Pittstown, West
Hoosick, Factory Hollow, Southwest Hoosick, Potter Hill,
Millertown, Babcock Lake, Johnsonville, East Buskirk,
Tomhannock, Eagle Bridge and Quackenkill.
- http://www.weather.gov/safety/flood
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
...AIR QUALITY ALERT IN EFFECT UNTIL 11 PM EDT THIS EVENING...
The New York State Department of Environmental Conservation at
Albany has issued a Air Quality Health Advisory for Ground Level
Ozone.. until 11 PM EDT this evening.
Air quality levels in outdoor air are predicted to be greater than
an air quality index value of 100 for ozone. The air quality index
or AQI, was created as an easy way to correlate levels of different
pollutants to one scale. The higher the AQI value, the greater the
health concern.
When pollution levels are elevated, the New York State Department of
Health recommends that individuals consider limiting strenuous
outdoor physical activity to reduce the risk of adverse health
effects. People who may be especially sensitive to the effects of
elevated levels of pollutants include the very young and those with
pre existing respiratory problems such as asthma or heart disease.
Those with symptoms should consider consulting their personal
physician.
For additional information, please visit the New York State
Department of Environmental Conservation website at,
https://on.ny.gov/nyaqi, or call the Air Quality Hotline at
800-535-1345.
...A strong thunderstorm will impact portions of central Columbia and
east central Greene Counties through 630 PM EDT...
At 556 PM EDT, Doppler radar was tracking a strong thunderstorm over
Lorenz Park, or near Hudson, moving east at 25 mph.
HAZARD...Wind gusts up to 50 mph.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects.
Locations impacted include...
Hudson, Chatham, Claverack, Coxsackie, Athens, Austerlitz, Philmont,
Kinderhook, Lorenz Park, Claverack-Red Mills, Ghent, Stockport,
Canaan, Rossman, North Hillsdale, Climax, Brick Tavern, Harlemville,
West Ghent and Fitchs Wharf.
This includes Interstate 87 near exit 21.
If outdoors, consider seeking shelter inside a building.
Torrential rainfall is also occurring with this storm and may lead to
localized flooding. Do not drive your vehicle through flooded
roadways.
LAT...LON 4220 7344 4223 7394 4238 7387 4243 7338
4243 7337
TIME...MOT...LOC 2156Z 263DEG 21KT 4230 7375
MAX HAIL SIZE...0.00 IN
MAX WIND GUST...50 MPH
_____
Copyright 2022 AccuWeather | https://www.mrt.com/weather/article/NY-WFO-ALBANY-Warnings-Watches-and-Advisories-17352678.php | 2022-08-04T23:32:31Z | https://www.mrt.com/weather/article/NY-WFO-ALBANY-Warnings-Watches-and-Advisories-17352678.php | false |
Many living with chronic pain feel stigmatized by medical providers
WEST HARTFORD, Conn., Aug. 3, 2022 /PRNewswire/ -- The majority of people with chronic pain feel stigmatized by their medical providers. The finding is the result of a comprehensive survey report released today by the U.S. Pain Foundation. Among the report's more disturbing findings was that people with pain often feel their health care providers are not equipped to manage their pain effectively. Over two-thirds (69%) either did not feel, or only "rarely" or "sometimes" felt, that their provider was on a team with them.
Most people with chronic pain feel stigmatized by their medical providers from new study by The US Pain FoundationThe organization surveyed 2,378 individuals to gather insight about individual experiences living with, caring for, or treating chronic pain. Nearly all respondents (96%) were people living with chronic pain, which is defined as pain lasting three months or more. Caregivers marked the second-largest group of respondents (3%), followed by health care professionals (1%). The bulk of the report focuses on the impact of chronic pain on those living with it.
"Chronic pain is vastly under-recognized, funded, and treated when considering its significant impact on American lives," says U.S. Pain Foundation CEO Nicole Hemmenway.
Chronic pain in numbers
Nearly three-quarters (74%) of respondents had lived with pain for more than 10 years. While conditions varied widely, the most common pain conditions were primarily musculoskeletal in nature: back pain (67%), arthritis (56%), chronic low back pain (56%), nerve pain or neuropathy (53%), and neck pain (51%).
Over half (52%) said their average pain level is 7 or more on a scale of 1-10. 95% of respondents had at least one comorbidity, and almost all (99%) said pain has restricted their ability to engage in routine activities, like exercise, household chores, sleeping, and socializing. The majority (60%) said they feel anxiety-like symptoms daily or a few times a week, and a similar portion (59%) feel depression-like symptoms daily or a few times a week.
"Individuals are suffering, many times with multiple comorbidities, to the point of not being able to even shower or make a meal," adds Hemmenway. "These enormous figures underscore the complexity of the health of this patient population."
Treatments that help—and barriers to access
Multidisciplinary approaches were widely employed, with the top strategies including activity restriction or modification (73%), stress reduction techniques (42%), heat therapy (41%), and meditation and mindfulness (40%). In fact, activity restriction or modification is the most-used specific "therapy" of any kind across all categories, aside from prescription medications as an entire category.
When it comes to medications, a majority (77%) said prescription medications are the most helpful treatment in managing their pain. Roughly half of respondents take opioid medications (47%), although three-quarters of that group say they have faced significant barriers obtaining their medications. Nearly all (94%) of those taking opioids said they attribute these barriers to the 2016 CDC Guideline for Prescribing Opioids for Chronic Pain. A telling finding was that nearly a quarter (24%) said no side effect would prevent them from trying a medication to manage pain, underscoring the desperation for relief.
Cost remains the primary barrier to pain care. According to people with pain, the leading barrier to treatment was cost (49%), with nearly half (41%) of people with pain saying they felt insurance coverage decisions are driven by cost, not by what was in their best interest medically.
Change is desperately needed
In general, the data suggests not enough is being done for the management of chronic pain in America. Nearly half of respondents (41%), when asked about their top policy issues, reported wanting increased pain education for health care providers and new medications for chronic pain.
"Clearly, this report points to ample opportunities for all of us—patient groups, health care providers, insurers, and policymakers—to work together to better serve people with pain and improve pain care for millions of Americans," says Hemmenway.
To learn more about the results and download the full report, visit uspainfoundation.org/surveyreports/a-chronic-pain-crisis.
About U.S. Pain Foundation
The mission of the U.S. Pain Foundation is to empower, educate, connect, and advocate for individuals living with chronic illness and serious injuries that cause pain, as well as their caregivers and clinicians. Its programs and services include a network of support groups, educational resources and events, a program for children and their families, federal advocacy efforts, a magazine called the INvisible Project, and more. The U.S. Pain Foundation is a 501(3)(c) nonprofit organization.
View original content:https://www.prnewswire.com/news-releases/many-living-with-chronic-pain-feel-stigmatized-by-medical-providers-301599230.html
SOURCE U.S. Pain Foundation
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren! | https://www.finanzen.at/nachrichten/aktien/many-living-with-chronic-pain-feel-stigmatized-by-medical-providers-1031646630 | 2022-08-04T23:33:04Z | https://www.finanzen.at/nachrichten/aktien/many-living-with-chronic-pain-feel-stigmatized-by-medical-providers-1031646630 | true |
WFO LUBBOCK Warnings, Watches and Advisories for Thursday, August 4, 2022
_____
SEVERE THUNDERSTORM WARNING
Severe Weather Statement
National Weather Service Lubbock TX
449 PM CDT Thu Aug 4 2022
...A SEVERE THUNDERSTORM WARNING REMAINS IN EFFECT UNTIL 500 PM CDT
FOR NORTHWESTERN SWISHER COUNTY...
At 449 PM CDT, a severe thunderstorm was located 6 miles northwest of
Tulia, and is nearly stationary.
HAZARD...60 mph wind gusts.
SOURCE...Radar indicated.
IMPACT...Expect damage to roofs, siding, and trees.
Locations impacted include...
Tulia.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
For your protection move to an interior room on the lowest floor of a
building.
Very heavy rainfall is occurring with this storm, and may lead to
flash flooding. Do not drive your vehicle through flooded roadways.
_____
Copyright 2022 AccuWeather | https://www.theintelligencer.com/weather/article/TX-WFO-LUBBOCK-Warnings-Watches-and-Advisories-17352665.php | 2022-08-04T23:34:43Z | https://www.theintelligencer.com/weather/article/TX-WFO-LUBBOCK-Warnings-Watches-and-Advisories-17352665.php | true |
AUSTIN, Texas (AP) _ The winning numbers in Thursday evening's drawing of the Texas Lottery's "Pick 3 Evening" game were:
6-3-8, FIREBALL:
(six, three, eight; FIREBALL: zero)
AUSTIN, Texas (AP) _ The winning numbers in Thursday evening's drawing of the Texas Lottery's "Pick 3 Evening" game were:
6-3-8, FIREBALL:
(six, three, eight; FIREBALL: zero) | https://www.sfgate.com/lottery/article/Winning-numbers-drawn-in-Pick-3-Evening-game-17352910.php | 2022-08-04T23:35:13Z | https://www.sfgate.com/lottery/article/Winning-numbers-drawn-in-Pick-3-Evening-game-17352910.php | true |
Police are working an active incident in the northwest side of the Mall of America, according to a tweet from Bloomington Police.
Numerous officers are on scene, according to Bloomington police.
No further information has been made available.
This is a developing story and will be updated.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.wlfi.com/news/national/police-responding-to-active-incident-inside-mall-of-america/article_ba85544e-6340-52b0-85f9-02f3a1712a73.html | 2022-08-04T23:35:17Z | https://www.wlfi.com/news/national/police-responding-to-active-incident-inside-mall-of-america/article_ba85544e-6340-52b0-85f9-02f3a1712a73.html | true |
FLINT, Mich. (WJRT) – A piece of paper circulating through social media by Flint councilman Eric Mays is causing confusion among other City of Flint official members about what it is and what it even does.
“That form was actually the public input form,” Eva Worthing, who represents Flint’s 9th ward, said. “That was the first part of the process.”
Councilman Eric Mays sat down ABC 12’s Rachael Eyler to say otherwise, calling it an "official application" for any one who would like to request dollars from the American Rescue Plan.
“It's an initial request,” Mays said. “It's the application and it's the only one in the city right now.”
However, according to the other eight other council members, the mayor and the city chief financial officer, Robert Widegan, it's not and the actual application won't come out for a couple more weeks.
“It is part of the mayor’s administration plan for ARPA funds and council is 100%, behind residents being able to fix up their homes and use this money,” Worthing explained. “But a form for residents to fill out and get that needed help is not available yet.”
Since Mays posted about the “official application,” to request ARPA funds, residents have come to city hall non-stop to fill out the form. Each one telling ABC 12 News they thought it was an application.
“We were just told that this has a certain amount of money that they have for people's homes and to come down and fill out an application,” one resident said.
Another resident said the same thing, grabbing an application for herself and her mother to request money to repair their roof.
“I was just told that they had a budget of 74 million to help Flint residents to help with their homes but I honestly don't know what it's for,” the resident said.
ABC 12’s Rachael Eyler spent about 20 minutes outside the office of city council seeing at least a dozen people come in to request the form.
As she was leaving she one resident was asking councilman Mays questions about the form but she didn't get many answers.
“I'm very frustrated and I'm frustrated with him,'' she said. “You have no answers, you should have something.”
So then if it’s not an application to request money from the ARPA fund what is it exactly? Council tells ABC 12 News, it just collects data.
“The forms would go to Administration and then I'm not actually sure of the process yet, because we haven't discussed it,” Worthing said. So it's hard to direct residents now when there's actually no information to be given.”
The form is intended to help the city council know what people need, it is not an application to get those funds.
“Claims are spreading online that residents can use this form to apply for funds to improve their homes, to have their past due water bills paid, and to purchase commercial property. None of this is true,” Chief Financial Officer Robert Widigan said in a statement to ABC 12 news. “You cannot get money by filling out this form.”
Mayor Sheldon Neeley will decide how the funds are dispersed. Council will approve or deny those requests.
An actual application is coming out in a few weeks from the city which will be identified as a NOFA or a notice of funds available application.
Follow ABC 12 News to know when that application becomes available. | https://www.abc12.com/news/top-stories/flint-leaders-no-application-yet-to-request-arpa-funds/article_7ed3d426-1437-11ed-a549-7b4e48d75dd5.html | 2022-08-04T23:36:46Z | https://www.abc12.com/news/top-stories/flint-leaders-no-application-yet-to-request-arpa-funds/article_7ed3d426-1437-11ed-a549-7b4e48d75dd5.html | true |
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WFO LAS VEGAS Warnings, Watches and Advisories for Thursday, August 4, 2022
_____
FLASH FLOOD WARNING
Flash Flood Statement
National Weather Service Las Vegas NV
323 PM PDT Thu Aug 4 2022
...FLASH FLOOD WARNING WILL EXPIRE AT 330 PM PDT THIS AFTERNOON FOR
SOUTH CENTRAL INYO COUNTY...
The heavy rain has ended. Flooding is no longer expected to pose a
threat. Please continue to heed remaining road closures.
A Flood Watch remains in effect until 1100 PM PDT Friday for
portions of northwest Arizona, southeast California and Nevada.
_____
Copyright 2022 AccuWeather | https://www.sfgate.com/weather/article/CA-WFO-LAS-VEGAS-Warnings-Watches-and-Advisories-17352778.php | 2022-08-04T23:39:38Z | https://www.sfgate.com/weather/article/CA-WFO-LAS-VEGAS-Warnings-Watches-and-Advisories-17352778.php | true |
WFO RENO Warnings, Watches and Advisories for Thursday, August 4, 2022
_____
AREAL FLOOD ADVISORY
Flood Advisory
National Weather Service Reno NV
409 PM PDT Thu Aug 4 2022
...FLOOD ADVISORY IN EFFECT UNTIL 715 PM PDT THIS EVENING...
* WHAT...Flooding caused by excessive rainfall is expected.
* WHERE...Portions of east central California and western Nevada,
including the following counties, in east central California,
Alpine and El Dorado. In western Nevada, Douglas.
* WHEN...Until 715 PM PDT.
* IMPACTS...Minor flooding in low-lying and poor drainage areas.
Dangerous flows over low-water crossings. Ponding of water in
urban or other areas is occurring or is imminent.
* ADDITIONAL DETAILS...
- At 408 PM PDT, Doppler radar indicated heavy rain due to
thunderstorms. Minor flooding is already occurring in the
advisory area. Between 1.8 and 2.2 inches of rain have fallen
in the past hour.
- Some locations that will experience flooding include...
Gardnerville, Gardnerville Ranchos, Johnson Lane, Mesa Vista,
Genoa, Alpine Village, Dagget Pass, Woodfords, Kingsbury,
Zephyr Cove-Round Hill Village, Junction Nv 88 And Nv 756,
Junction Nv 88 And Nv 206, Gardnerville Ranch, Junction CA 88
And NV 88, Minden, Junction U.S 395 And NV 756, Paynesville,
Minden-Tahoe Airport and Heavenly Valley.
- http://www.weather.gov/safety/flood
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
Please report observed flooding to local emergency services or law
enforcement and request they pass this information to the National
Weather Service when you can do so safely.
The National Weather Service in Hanford has extended the
* Flash Flood Warning for...
South Central Tulare County in central California...
* Until 545 PM PDT.
* At 411 PM PDT, Doppler radar indicated thunderstorms producing
heavy rain across the warned area. Between 1 and 2 inches of rain
have fallen. The expected rainfall rate is 0.25 to 0.75 inches in
1 hour. Additional rainfall amounts of 1 to 2 inches are possible
in the warned area. Flash flooding is ongoing or expected to begin
shortly.
HAZARD...Flash flooding caused by thunderstorms.
SOURCE...Radar.
IMPACT...Flash flooding of small creeks and streams, urban
areas, highways, streets and underpasses as well as
other poor drainage and low-lying areas.
* Some locations that will experience flash flooding include...
Johnsondale, Peppermint and Ponderosa.
Be aware of your surroundings and do not drive on flooded roads.
Flooding is occurring or is imminent. It is important to know where
you are relative to streams, rivers, or creeks which can become
killers in heavy rains. Campers and hikers should avoid streams or
creeks.
_____
Copyright 2022 AccuWeather | https://www.sfgate.com/weather/article/CA-WFO-RENO-Warnings-Watches-and-Advisories-17352906.php | 2022-08-04T23:39:56Z | https://www.sfgate.com/weather/article/CA-WFO-RENO-Warnings-Watches-and-Advisories-17352906.php | true |
WFO ALBANY Warnings, Watches and Advisories for Thursday, August 4, 2022
_____
AREAL FLOOD ADVISORY
Flood Advisory
National Weather Service Albany NY
545 PM EDT Thu Aug 4 2022
...FLOOD ADVISORY IN EFFECT UNTIL 845 PM EDT THIS EVENING...
* WHAT...Flooding caused by excessive rainfall is expected.
* WHERE...A portion Albany, Rensselaer, Saratoga and Schenectady
County in eastern New York.
* WHEN...Until 845 PM EDT.
* IMPACTS...Minor flooding in low-lying and poor drainage areas.
* ADDITIONAL DETAILS...
- At 544 PM EDT, Doppler radar indicated heavy rain due to
thunderstorms. Minor flooding is ongoing or expected to begin
shortly in the advisory area. Between 1 and 2 inches of rain
have fallen.
- Some locations that will experience flooding include...
Albany, Schenectady, Troy, Clifton Park, Rotterdam, Cohoes,
Watervliet, Rensselaer, Colonie, Scotia, Mechanicville,
Latham, Guilderland, Niskayuna, Menands, Voorheesville, Green
Island, Waterford, Loudonville and Wyantskill.
- http://www.weather.gov/safety/flood
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
Be aware of your surroundings and do not drive on flooded roads.
Stay away or be swept away. River banks and culverts can become
unstable and unsafe.
_____
Copyright 2022 AccuWeather | https://www.sfgate.com/weather/article/NY-WFO-ALBANY-Warnings-Watches-and-Advisories-17352633.php | 2022-08-04T23:40:45Z | https://www.sfgate.com/weather/article/NY-WFO-ALBANY-Warnings-Watches-and-Advisories-17352633.php | true |
Franciscan Health Crown Point installed new Ion robotic bronchoscopy system to detect lung cancer earlier.
The disease accounts for 25% of cancer deaths, killing more people than breast cancer, colon cancer and prostate cancer combined, according to the American Cancer Society. But the five-year survival rate is 92% when it's diagnosed in the earliest stages.
The new technolgy at Franciscan Health Crown Point helps doctors find malignancies and make diagnoses sooner.
“Robotic bronchoscopy will give many patients the opportunity to get that early, life-saving diagnosis,” said Giovanni Infusino, pulmonologist with Franciscan Physician Network Crown Point Internal Medicine and Specialty Center. “Intricate and narrow segments in the lung often make it difficult or unsafe to obtain a biopsy of a nodule. This new technology provides a minimally invasive option for patients who otherwise would have been told to ‘watch and wait.’”
The device enables an ultra-thin catheter to reach the furthest segments of the lung. It locates the nodule, locks in place and takes a tissue sample.
“The Ion can rotate 180 degrees, providing flexibility that allows us to reach all 18 segments of the lung,” said Jason Fitzgerald, thoracic surgeon with Cardiac Surgery Associates. “This is critical, because up to 70 percent of lung nodules are found in the most distant regions of the lung.”
The doctors guides the catheter through the airways with a view from a camera.
“This radical technology combined with the da Vinci robot gives our multidisciplinary lung cancer team at Franciscan Health Crown Point the most comprehensive and minimally invasive options to our patients in the region,” said Dr. Michael Tuchek, thoracic surgeon with Cardiac Surgery Associates.
The Franciscan Health Burrell Cancer Center Crown Point also offers genomic testing, personalized treatment plans, targeted radiation therapies, minimally invasive robotic surgeries, lung cancer nurse navigation and a $49 lung and heart screening program.
The physicians there have gotten specialized training on the new Ion robotic technology in Crown Point.
“The Ion robotic bronchoscopy platform is the perfect complement to our already robust lung cancer program,” said Daniel McCormick, president and CEO of Franciscan Health Crown Point. “This new technology is not only important as we continue to provide exceptional patient care, but also as we support our extraordinary team of physicians, which strives to offer leading-edge screening and treatment options.”
1 of 14
Open
Bombers BBQ is now serving up its beloved brisket and other slow-cooked meats in Crown Point.
The acclaimed military aviation-themed barbecue joint has built up a fervent following at its original location at 435 Ridge Road in Munster. It reached a deal with Darin Jacobs, who owns Rosati's pizzerias in Munster, St. John and Valparaiso, to open franchises.
Jacobs, a longtime bombers customer, on Monday opened the first Bombers BBQ franchise at 35 W. 112th Ave. next to Cold Stone Creamery and Three Monkeys Pub in Crown Point. He's eyeing future locations in St. John and Valparaiso.
"It's definitely the barbecue smoking shows on the Food Channel," he said. "We carry more than most. We sell smoked turkey that's the most tender turkey you've ever had. Our best customers are those who smoke or barbecue themselves because they know what they're looking for. They come in, ask how we prepare our food, understand it makes sense and keep coming back."
Jacobs hopes to open more franchises after establishing the Crown Point location.
"We're thinking of Valparaiso and St. John once we feel comfortable we've replicated it in Crown Point," he said. "This is the freshest, best-tasting barbecue around."
"Everything is fresh, smoked that day," he said. "Not to disparage other barbecue restaurants, but if they say they close at 9 p.m. and then close at 9 p.m. the meat's not all fresh."
The new Bombers BBQ in Crown Point seats 80 people in a former furniture store and another 24 on an outdoor patio. It has a liquor license that lets it serve 12 types of beer, half craft and half domestic.
The 5,000-square-foot restaurant is decorated with the same military aviation theme, inspired by how founder Chris Cole's relatives served as pilots in World War II and Vietnam.
"We've had a lot of military people come in and say they appreciate it. They like to take it all in," Jacobs said. "Some people don't know where the name comes from or think it's because the food is the bomb, but it's because both Chris Cole's relatives were bomber pilots."
Bombers BBQ in Crown Point has the same menu as the original Munster restaurant, adding banana pudding. It smokes its meat fresh every day, selling it until it runs out and closing early if sold out.
"We smoke meat daily and stay open until we sell out," he said. "If we still have some left we donate it or let employees take it home. But we're pretty good at estimating how much we'll need based on the previous day's sales."
Spirit Halloween will return to 1525 U.S. 41 in Schererville this Halloween season. Long located every fall at the former Ashley Furniture big-box in Schererville, it moved across the street last year to the Crossroads of America shopping center anchored by Strack and Van Til.
Though it's still beach season when many have little more than beer and sunshine on their mind, to paraphrase the artist who just played Hammond's Festival of the Lakes, the Halloween retailer already posted "coming soon" and "now hiring" signage at the location.
The seasonal pop-up is known for occupying vacant commercial real estate for a couple of months, selling a wide array of Halloween costumes like Jason Vorhees hockey jerseys, as well as Halloween decorations like the styrofoam headstones you can plant to make your front lawn look like a cemetery.
The local chain of barbecue joints in Munster, Crown Point and Griffith is coming to Merrillville, near the busy intersection of U.S. 30 and Interstate 65.
It's taking over the former Fresh to Order space at 540 81st Ave., where it will share a strip mall with Planet Fitness and Catch Table and Tap.
The Great Greek Mediterranean Grill is coming soon to Crown Point.
The restaurant at 146 E. 109th Ave. is now hiring for a variety of positions, offering sign-on bonuses. It offers Greek favorites like grilled lamb, tzatziki, village salads, rice and pita bread. The menu includes many handhelds such as gyros, wraps and Greek burgers.
For more information, call 219-274-7335, email greatgreeknwi@gmail.com or find the business on Facebook.
True BBQ has opened its long-awaited third location in downtown Griffith, where it's bringing smoked meats and another late-night spot for drinks.
The modern barbecue restaurant took over the former Twincade space at 106 N. Broad St. at the corner of Broad and Main streets in downtown Griffith.
True BBQ first opened in Munster in 2014 and recently opened a second location in downtown Crown Point.
It's owned by Progressive Dining Group, which also owns Bullpen Luxury Bar & Grill, Gino's Steakhouse and The Links in Schererville.
The True BBQ in Griffith has the same menu, which includes baby back ribs, St. Louis-style ribs and smoked rib tips. It offers full slabs of ribs for $16 on Mondays. Other barbecued meats include turkey, andouille sausage, pork belly, pork shoulder, brisket, corned beef and chicken.
The menu also features steaks, pasta salads and appetizers. A full bar serves up craft beers, artisan cocktails and a wide selection of whiskeys.
Catering toward dinner and drinks in Griffith, True BBQ is open from 3 p.m. to 10 p.m. on Monday, Wednesday and Thursday, from 3 p.m. to 12 a.m. Friday and Saturday and from 3 p.m. to 8 p.m. Sunday. It's closed on Tuesdays.
Port of Peri Peri's ship has sailed in Schererville.
Signs posted outside the Portuguese peri peri chicken restaurant in Shops on Main on U.S. 41 have said it was temporarily closed "for improvements" for some time.
But now the Port of Peri Peri sign on the building facade has come down. And Shops on Main owner Regency Center is listing the 2,388-square-foot restaurant space as available for lease.
Sports Clips left its longtime spot in the Crossroads of America shopping center anchored by Strack and Van Til and Walmart and moved a few miles north in Schererville.
The sports-themed hair care chain, in which customers can watch sports on television getting their hair cut, moved to 336 Indianapolis Blvd. in a newer strip mall by McAlister's Deli and Buona Beef.
NWI Business Ins and Outs: Bombers BBQ, True BBQ and Great Greek Mediterranean Grill opening; Port of Peri Peri closed
NWI Business Ins and Outs: Bombers BBQ, True BBQ and Great Greek Mediterranean Grill opening; Port of Peri Peri closed
1 of 14
Open
Bombers BBQ is now serving up its beloved brisket and other slow-cooked meats in Crown Point.
The acclaimed military aviation-themed barbecue joint has built up a fervent following at its original location at 435 Ridge Road in Munster. It reached a deal with Darin Jacobs, who owns Rosati's pizzerias in Munster, St. John and Valparaiso, to open franchises.
Jacobs, a longtime bombers customer, on Monday opened the first Bombers BBQ franchise at 35 W. 112th Ave. next to Cold Stone Creamery and Three Monkeys Pub in Crown Point. He's eyeing future locations in St. John and Valparaiso.
Joseph S. Pete
Brisket the top seller
It has three smokers on site, two for the restaurant traffic and one for catering. It will cater to as few as 50 people and as many as 500.
Top sellers include brisket, pulled pork sandwiches, mac and cheese and jalapeno cornbread.
"The brisket is by far the No. 1 seller," he said. "It's the recipe and because we made everything fresh."
Joseph S. Pete
Drive-through for online orders
It has a drive-thru pickup window for online and phone orders.
"It's a trend," Jacobs said. "The drive-through at Rosati's is 20% of our business and growing. This is perfect for pickup."
Barbecue has taken off in Northwest Indiana in recent years, with many new barbecue joints opening.
Joseph S. Pete
Further expansion planned
"It's definitely the barbecue smoking shows on the Food Channel," he said. "We carry more than most. We sell smoked turkey that's the most tender turkey you've ever had. Our best customers are those who smoke or barbecue themselves because they know what they're looking for. They come in, ask how we prepare our food, understand it makes sense and keep coming back."
Jacobs hopes to open more franchises after establishing the Crown Point location.
"We're thinking of Valparaiso and St. John once we feel comfortable we've replicated it in Crown Point," he said. "This is the freshest, best-tasting barbecue around."
Joseph S. Pete
Meat smoked daily
"Everything is fresh, smoked that day," he said. "Not to disparage other barbecue restaurants, but if they say they close at 9 p.m. and then close at 9 p.m. the meat's not all fresh."
The new Bombers BBQ in Crown Point seats 80 people in a former furniture store and another 24 on an outdoor patio. It has a liquor license that lets it serve 12 types of beer, half craft and half domestic.
The 5,000-square-foot restaurant is decorated with the same military aviation theme, inspired by how founder Chris Cole's relatives served as pilots in World War II and Vietnam.
Joseph S. Pete
Open daily
Bombers BBQ will be open in Crown Point from 11 a.m. to 8 p.m. Sunday through Thursday, and from 11 a.m. to 9 p.m. Friday and Saturday.
For more information, call 219-613-4444, visit bombersbbq.com or find the business on Facebook.
Joseph S. Pete
Open until sold out
"We've had a lot of military people come in and say they appreciate it. They like to take it all in," Jacobs said. "Some people don't know where the name comes from or think it's because the food is the bomb, but it's because both Chris Cole's relatives were bomber pilots."
Bombers BBQ in Crown Point has the same menu as the original Munster restaurant, adding banana pudding. It smokes its meat fresh every day, selling it until it runs out and closing early if sold out.
"We smoke meat daily and stay open until we sell out," he said. "If we still have some left we donate it or let employees take it home. But we're pretty good at estimating how much we'll need based on the previous day's sales."
Joseph S. Pete
Coming soon
It's almost the most spooktacular time of year.
Spirit Halloween will return to 1525 U.S. 41 in Schererville this Halloween season. Long located every fall at the former Ashley Furniture big-box in Schererville, it moved across the street last year to the Crossroads of America shopping center anchored by Strack and Van Til.
Though it's still beach season when many have little more than beer and sunshine on their mind, to paraphrase the artist who just played Hammond's Festival of the Lakes, the Halloween retailer already posted "coming soon" and "now hiring" signage at the location.
The seasonal pop-up is known for occupying vacant commercial real estate for a couple of months, selling a wide array of Halloween costumes like Jason Vorhees hockey jerseys, as well as Halloween decorations like the styrofoam headstones you can plant to make your front lawn look like a cemetery.
Joseph S. Pete
Coming soon
True BBQ hasn't stopped growing.
Joseph S. Pete
Coming soon to Merrillville
The local chain of barbecue joints in Munster, Crown Point and Griffith is coming to Merrillville, near the busy intersection of U.S. 30 and Interstate 65.
It's taking over the former Fresh to Order space at 540 81st Ave., where it will share a strip mall with Planet Fitness and Catch Table and Tap.
Joseph S. Pete
Coming soon
The Great Greek Mediterranean Grill is coming soon to Crown Point.
The restaurant at 146 E. 109th Ave. is now hiring for a variety of positions, offering sign-on bonuses. It offers Greek favorites like grilled lamb, tzatziki, village salads, rice and pita bread. The menu includes many handhelds such as gyros, wraps and Greek burgers.
For more information, call 219-274-7335, email greatgreeknwi@gmail.com or find the business on Facebook.
Joseph S. Pete
Now open
True BBQ has opened its long-awaited third location in downtown Griffith, where it's bringing smoked meats and another late-night spot for drinks.
The modern barbecue restaurant took over the former Twincade space at 106 N. Broad St. at the corner of Broad and Main streets in downtown Griffith.
True BBQ first opened in Munster in 2014 and recently opened a second location in downtown Crown Point.
It's owned by Progressive Dining Group, which also owns Bullpen Luxury Bar & Grill, Gino's Steakhouse and The Links in Schererville.
The True BBQ in Griffith has the same menu, which includes baby back ribs, St. Louis-style ribs and smoked rib tips. It offers full slabs of ribs for $16 on Mondays. Other barbecued meats include turkey, andouille sausage, pork belly, pork shoulder, brisket, corned beef and chicken.
The menu also features steaks, pasta salads and appetizers. A full bar serves up craft beers, artisan cocktails and a wide selection of whiskeys.
Catering toward dinner and drinks in Griffith, True BBQ is open from 3 p.m. to 10 p.m. on Monday, Wednesday and Thursday, from 3 p.m. to 12 a.m. Friday and Saturday and from 3 p.m. to 8 p.m. Sunday. It's closed on Tuesdays.
Port of Peri Peri's ship has sailed in Schererville.
Signs posted outside the Portuguese peri peri chicken restaurant in Shops on Main on U.S. 41 have said it was temporarily closed "for improvements" for some time.
But now the Port of Peri Peri sign on the building facade has come down. And Shops on Main owner Regency Center is listing the 2,388-square-foot restaurant space as available for lease.
Joseph S. Pete
Relocated
Sports Clips left its longtime spot in the Crossroads of America shopping center anchored by Strack and Van Til and Walmart and moved a few miles north in Schererville.
The sports-themed hair care chain, in which customers can watch sports on television getting their hair cut, moved to 336 Indianapolis Blvd. in a newer strip mall by McAlister's Deli and Buona Beef.
Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.
Steelworkers will take home bonus checks of upwards of $14,000 for the three-month period that ended on June 30, U.S. Steel Media Relations Manager Amanda Malkowski said.
Customer complaints have mounted as Old National Bank has integrated First Midwest Bank branches. Customers have complained about debit cards being declined, being locked out of their accounts online, being allowed to overdraft their accounts without warning and having to wait for hours on the phone.
The cost of gas has dipped under $4 a gallon at a few Region gas stations, including BP in Dyer, Murphy USA in Valparaiso, Speedway in Wanatah, Family Express in Hobart and Valparaiso and Sam's Club and Costco in Merrillville as of Monday, according to GasBuddy.com.
The International Union of Operating Engineers Local 150 filed unfair labor practice charges against California-based SOLV Energy and recruiter Aerotek charging they are recruiting workers from outside Indiana for the Mammoth Solar Farm Project and paying them "substantially lower than Indiana standards." | https://www.nwitimes.com/business/local/franciscan-health-crown-point-installs-new-robotic-system-to-diagnose-lung-cancer-earlier/article_39b78f19-901d-5c13-9727-cbda8f9e8d73.html | 2022-08-04T23:42:44Z | https://www.nwitimes.com/business/local/franciscan-health-crown-point-installs-new-robotic-system-to-diagnose-lung-cancer-earlier/article_39b78f19-901d-5c13-9727-cbda8f9e8d73.html | false |
AUSTIN, Texas (KXAN) — An Austin jury found Infowars host Alex Jones must pay more than $4 million to the family of Sandy Hook shooting victim over claims on the show the shooting was a hoax and parents were crisis actors.
The verdict, returned on Thursday, marks the first of two sums of money the jurors have been asked to calculate after hearing nearly two weeks of testimony in the case.
Neil Heslin and Scarlett Lewis, who lost their 6-year-old son Jesse in the 2012 mass shooting, sued Jones for defamation and inflicting mental anguish. Jones was found liable by the court last year; the jury was tasked with coming up with the amount of actual damages he owes to compensate Heslin and Lewis.
The plaintiffs asked the jury to consider awarding $150 million — a dollar for each of the parents representing the 75 million Americans they say believed Sandy Hook was or could have been fake.
“We know that is a big verdict,” plaintiff’s attorney Mark Bankston said before the verdict was returned, “but we believe it is one that will speak volumes about the level of harm done in this case.”
After the verdict, he told reporters his team and the family were very pleased with the verdict handed down by the jury.
“It’s been a long journey, and it’s really nice to say to able to turn and look at my clients and say he can’t get off scot-free for this,” he said.
Jones’ team argued the plaintiffs have not brought enough evidence to show Jones’ words caused their anguish or to justify that large of a sum.
“So much of their argument is all about punishment,” Jones’ attorney Andino Reynal said. “I am going to talk to you guys about punishment when the time comes. Right now, I am going to talk to you guys about actual damages.”
After the jury’s verdict, he said, “On behalf of the entire legal team, today was an absolute vindication for the American legal system. We are very pleased with the verdict thus far, and we look forward to presenting the rest of the case.”
Jones and his team are bracing for a second verdict with additional, punitive damages — likely to be returned later this week. Plaintiff’s attorneys said they will bring a financial expert to testify before the jury is given their second charge.
This is a developing story. | https://who13.com/news/national-news/jury-finds-alex-jones-must-pay-sandy-hook-parents-more-than-4-million/ | 2022-08-04T23:44:10Z | https://who13.com/news/national-news/jury-finds-alex-jones-must-pay-sandy-hook-parents-more-than-4-million/ | true |
Liz Truss' joints have loosened up and she shimmied around the stage: HENRY DEEDES sees the Tory leadership hopeful go face to face with rival Rishi Sunak in final TV debate
With the Balearic sun now finally set on another season of Love Island, we bid adios last night to another tedious television snoozefest.
Yes, on a Thursday evening at an hour when most sensible folk were lifting the stopper on the whisky decanter for a pre-sundown snort, Liz Truss and Rishi Sunak went face to face for the final TV leadership debate.
Now I'm not saying these things are frivolous. Heavens no. They're a vital exercise in engaging the electorate, democracy in action and all that.
It's just that when the most exciting thing to happen in them was one of the presenters toppling over – as poor Kate McCann did during last week's TalkTV showdown – then television's polo-necked controllers may finally have to accept they lack a certain box office appeal.
The final debate came courtesy of Sky News. I say debate, it was more like two separate grillings with a studio audience. Usually, audience participation is a nightmare but this lot actually knew their stuff. Far more so than the rent-a-mobs on Question Time. Of all the debates, this format was comfortably the most effective.
Our host for the evening was the indefatigable Kay Burley, who's been bossing Sky's studio before Rishi was in the playground stringing conkers in his Clarks sandals.
As an interlocutor, La Burley is icier than a penguin's whiskers. Nurse Ratched in a Jenny Packham power suit. How she loves giving ministers a good duffing up on her breakfast programme.
HENRY DEEDES: Remarkable how much the Foreign Secretary (pictured during Sky debate) has grown during this contest. She was fluent – no ums and ahs. The joints too have loosened up. She was able to shimmy around the stage as she answered questions. At her launch a month ago, she was stiffer than a store mannequin
Oddly, some of the male members of the Cabinet seemed to rather enjoy it. As I recall, Matt Hancock was always more than happy to return for second helpings.
Up first was Miss Truss, having won the coin toss. 'It really is make or break,' said Kay, doing the introductions. Cue Rocky soundtrack. Duff-duff-duff!
We heard from someone called Diana who worried about the Bank of England's doom and gloom forecast yesterday that recession was inevitable. Liz insisted it wasn't.
'We can change the outcome,' she said. 'Now is the time to be bold.' That's what voters want to hear! Diane beamed. This was Elgar to her ears. One ticked ballot paper in the box marked 'Truss'.
Remarkable how much the Foreign Secretary has grown during this contest. She was fluent – no ums and ahs. The joints too have loosened up. She was able to shimmy around the stage as she answered questions. At her launch a month ago, she was stiffer than a store mannequin.
Tax, tax, tax was her mantra. We need less of it. 'You simply can't tax your way to growth,' she said. Whose fault is that? Her 'more of the same' opponent, of course.
'What's the naughtiest thing you've ever done?' asked Kay. 'Er, my daughters are watching,' Liz giggled. Yowzers! The audience loved that.
On came Rishi. He seemed jittery. Hyper. A man in a hurry. Much like his whole campaign, he was playing catch-up.
HENRY DEEDES: On came Rishi. He seemed jittery. Hyper. A man in a hurry. Much like his whole campaign, he was playing catch-up (Pictured: Mr Sunak during the Sky debate)
Going second was clearly a massive disadvantage. Good on him though. He must know his bid by now is doomed. Yet still he ploughed on, smiling and joking, charming the audience with his polished public school manners. He reminded me of a dutiful airline steward aboard a plummeting plane, insisting all's tickety-boo.
There was an early question as to whether he was going to withdraw from the leadership contest. Course he wasn't. He'd given up a holiday in sunny Californ-I-A to do this. He wasn't going to pack it in early.
'I'm sure we'll get to talking about the economy in a minute,' he said at one point. Translation: Please, please ask me about the economy.
We got on to his 'eat out to help out' scheme. He'd saved businesses. They'd thanked him for it. There was a lot of 'I did this as chancellor, I did that.' Problem is, people are in the mood for a change.
On it went. The best that can be said was this was at least the best of these events. But still. Enough television debates already. | https://www.dailymail.co.uk/debate/article-11082627/Liz-Truss-joints-loosened-shimmied-stage-final-debate-says-HENRY-DEEDES.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | 2022-08-04T23:45:15Z | https://www.dailymail.co.uk/debate/article-11082627/Liz-Truss-joints-loosened-shimmied-stage-final-debate-says-HENRY-DEEDES.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | false |
NEW YORK, Aug. 4, 2022 /PRNewswire/ -- "Vin Scully was a legend in every sense of the word and shining example of a life well lived. Although he had a one-of-a-kind gift for broadcasting, Vin was always more than 'the voice of the Dodgers.' He embodied the heart and soul of everyone who truly loves baseball and appreciates the unique power of sports to uplift and unite people. Notwithstanding his many achievements and accolades, Vin was well known for his humility, generosity and ability to relate to everybody with kindness. There was no more dedicated father or grandfather and no better friend. Throughout and following my stewardship of the Dodgers, right up until my last visit with him a few weeks ago, Vin was an unwavering source of support and inspiration for me and my own children. I will always be grateful for the gift of his friendship and, in particular, for the kindness he showed my late mother, who treasured her notes and annual birthday calls from Vin. My thoughts and prayers are with Vin's family and all of those who, like me, loved and will miss this remarkable man."
View original content:
SOURCE McCourt Global | https://www.wsaz.com/prnewswire/2022/08/04/statement-by-mccourt-global-ceo-frank-mccourt-vin-scullys-passing/ | 2022-08-04T23:50:11Z | https://www.wsaz.com/prnewswire/2022/08/04/statement-by-mccourt-global-ceo-frank-mccourt-vin-scullys-passing/ | false |
Security at the Mall of America in Bloomington, Minnesota, confirmed the mall was on lockdown as they worked with police to gather more information on what was described as an "active incident inside" the mall. The Mall of America described the incident as "isolated," occurring in a "tenant space."
Security advised patrons of the mall to remain in a secure location until the lockdown is lifted.
Bloomington Police were on the scene late Thursday afternoon after videos posted to social media showed people at the mall fleeing to safety, appearing to be confused as to why crowds were running.
The Mall of America replied to one Twitter user writing, "Mall of America is currently under lockdown. Please stay where you are until the lockdown is lifted."
Bloomington Police released a statement on Twitter just before 6 p.m ET writing, "We are currently working an active incident inside Mall of America on the northwest side. Numerous officers are on scene. We will update when we have more information."
Videos shared to social media Thursday showed chaos inside of the mall and near the parking decks as patrons fled, with many looking back in disbelief appearing to be confused as to why crowds were running for exits.
Chaos and confusion at @mallofamerica. Making people go outside. #mallofamerica pic.twitter.com/NzMvI7iK6m
— Andy Paras (@AndyParas) August 4, 2022
One Twitter user posted this video as they witnessed patrons of the mall running out of emergency exits as they say they witnessed cars of police enter the mall grounds.
People running out emergency doors from @mallofamerica. Police swarming the mall. #mallofamerica pic.twitter.com/IQqysLfahq
— Jason Ronimous (@jwronimous) August 4, 2022
Mall of America security was initially only able to confirm that an "incident" had occurred and that security was working with Bloomington Police to "gather more information" on the security situation, but the mall was put on lockdown and people were told to exit immediately.
Calls to the Bloomington Police department were not immediately returned.
A Twitter user shared a video showing police carrying rifles in the mall.
Cops with rifles taking position. Mall PA system telling people to take shelter. Meanwhile several people are walking in unaware of what’s happening. #mallofamerica pic.twitter.com/u24BxFGJh1
— Andy Paras (@AndyParas) August 4, 2022
This is a developing story and will be updated. | https://www.kxlf.com/news/national/mall-of-america-on-lockdown-after-incident-videos-shared-on-social-media-show-people-fleeing | 2022-08-04T23:51:43Z | https://www.kxlf.com/news/national/mall-of-america-on-lockdown-after-incident-videos-shared-on-social-media-show-people-fleeing | false |
TrueCar to Participate in Upcoming Investor Conference
SANTA MONICA, Calif., Aug. 3, 2022 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced that President and Chief Executive Officer, Mike Darrow, will participate in a fireside chat at the 2022 J.P. Morgan Auto Conference on August 10, 2022.
2022 J.P. Morgan Auto Conference Presentation Details
About TrueCar
TrueCar is a leading automotive digital marketplace that lets auto buyers and sellers connect to our nationwide network of Certified Dealers. With access to an expansive inventory provided by our Certified Dealers, we are building the industry's most personalized and efficient auto shopping experience as we seek to bring more of the process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings and market context on new, used and Certified Pre-Owned vehicles. When they are ready, shoppers in TrueCar's marketplace can connect with a Certified Dealer in our network, who shares our belief that truth, transparency and fairness are the foundation of a great auto shopping experience. As part of our marketplace, TrueCar powers auto-buying programs for over 250 leading brands, including AARP, Sam's Club, Navy Federal Credit Union and American Express.
For more information, please visit www.truecar.com, and follow us on LinkedIn, Facebook or Twitter. TrueCar media email: pr@truecar.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/truecar-to-participate-in-upcoming-investor-conference-301598371.html
SOURCE TrueCar.com
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Jetzt informieren! | https://www.finanzen.at/nachrichten/aktien/truecar-to-participate-in-upcoming-investor-conference-1031646030 | 2022-08-04T23:57:06Z | https://www.finanzen.at/nachrichten/aktien/truecar-to-participate-in-upcoming-investor-conference-1031646030 | true |
AFL CEO Gillon McLachlan has issued an apology to Eddie Betts and anyone else hurt by the infamous 2018 Adelaide pre-season camp.
The camp has again become a talking point after the release of Betts’ autobiography, in which he goes into harrowing detail about what they were made to go through to build their mental toughness.
Watch McLachlan speak exclusively to 7NEWS in the video above
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In the book, The Boy From Boomerang Crescent, Betts made what Channel 7 commentator and AFL Players’ Association president Patrick Dangerfield described as “sickening” revelations.
“Things were yelled at me that I had disclosed to the camp’s ‘counsellors’ about my upbringing,” he wrote.
“All the people present heard these things. I was exhausted, drained and distressed about the details being shared.
“Another camp-dude jumped on my back and started to berate me about my mother, something so deeply personal that I was absolutely shattered to hear it come out of his mouth.”
He also went on to explain that teammates were made to yell at him, telling him how bad of a father he would be because he was raised by a single mother.
Speaking to 7NEWS reporter Tom Browne, McLachlan, who was CEO of the AFL at the time, said they were sorry.
“Clearly, we’re sorry to Eddie and anyone who’s (had) suffering from that camp,” he said.
“We’ve seen how much it hurt Eddie and, frankly, some of the stuff that went on was a disgrace. We’re hearing him and hear his pain, and we’re sorry.”
McLachlan also confirmed that changes have been made to official AFL protocol around pre-season camps since Adelaide’s debacle in 2018.
“Every pre-season camp since that Adelaide camp has to be signed off by the AFL and authorised … to ensure the mental health and wellbeing of all the participants,” McLachlan told Browne.
Adelaide CEO Tim Silvers – who wasn’t in charge at the time of the camp – has apologised to Betts, which the footy icon says he has accepted. But he says he was trying to alert the AFL of what was happening at the time, and it was falling on deaf ears.
“At the time, I was verbally talking about it,” Betts told Fox Footy.
“I told them (the AFL) everything that I was feeling and how I was feeling – I just felt like my voice wasn’t being heard and I felt like I needed justice.
“I bared my soul, and I was very vocal about it, and there were a lot of other players that were very vocal within that organisation.”
Betts said he had no doubt that the AFL had enough information to take action, and that it hurt when it didn’t.
“We told them everything, I told them everything. I know a lot of the other players told them everything,” he said.
“It did hurt, at first, when nothing was done.”
The three-time All-Australian and four-time goal of the year winner said it was hard to put a stop to what was happening at the time. He said “we were told not to” talk about it with each other by the facilitators of the camp.
“It was brainwashing,” he said.
“You were kind of stuck into it and you felt like you couldn’t leave.”
The camp was designed to make the Crows mentally tougher after they were run over by a rampant Richmond side in the 2017 grand final, despite having been the best side all year.
But Betts bemoaned the knee-jerk reaction to a bad performance in “one game,” saying that they were already mentally tough, having had to play through the murder of their former coach, Phil Walsh.
“Are we not resilient enough? Our coach was murdered,” he said.
“We had to galvanise together, we had to become closer together. We stuck through this pain, we were resilient, we were strong, we were tough, we were mentally tough. We had to get back and play footy again.
“That’s resilient, that’s tough. We didn’t need to bring outside people to come in to make us mentally tough.”
During the 2018 and even 2019 seasons, the Crows were constantly forced to deny that the camp was having any long-lasting impacts on the team’s performance.
Ultimately, then-coach Don Pyke and then-head of football Brett Burton’s departure from the club during 2019 would seemingly tell a different story.
Betts has now confirmed that it was having an impact.
“Every time the camp was brought up, it felt like the place was crumbling in,” he admitted.
“That’s why a part of me at the moment feels kind of sick for doing this because my mates and my friends are at the Adelaide Football Club right now and they have to go and deal with this being out there again.
“There’s stuff in this book about racism, there’s stuff in the book about what I’ve faced – hopefully everyone can read that and kick up the stink about that as well, the way that they do into this camp. Make a big fuss about racism and make real change here in Australia. I think that’s the real issue we’re still facing today.”
Stream Big on | https://7news.com.au/sport/afl/gillon-mclachlan-slams-a-disgrace-in-apology-to-eddie-betts-and-adelaide-crows-players-at-infamous-camp-c-7764720 | 2022-08-04T23:57:09Z | https://7news.com.au/sport/afl/gillon-mclachlan-slams-a-disgrace-in-apology-to-eddie-betts-and-adelaide-crows-players-at-infamous-camp-c-7764720 | true |
Fresh off wrapping up Pearl Jam‘s first European tour in four years, Eddie Vedder joined the Strokes last night (Aug. 3) at Seattle’s T-Mobile Park for a performance of “Juicebox,” a track on which the musicians have previously teamed on a handful of occasions dating back to 2006.
Strokes frontman Julian Casablancas has spoken frequently of Pearl Jam’s impact on his own songwriting. “When I first met Eddie, I feel like I sensed genuine surprise when he learned how much we were influenced by Pearl Jam,” he said in the Pearl Jam 20 book in 2011. “People have never understood that about us. They’d always say The Ramones and The Stooges. But my favorite band was always Pearl Jam.”
Vedder sang “Juicebox” with The Strokes on May 4, 2006, during a Rolling Stone party at New York’s Hammerstein Ballroom, again during the Pearl Jam 20 celebrations at Alpine Valley in Wisconsin in September 2011 and most recently at the 2019 edition of the Ohana festival.
The Strokes were in Seattle opening for Red Hot Chili Peppers on the latter’s summer stadium tour and will be on the road with them through Sept. 18 in Arlington, Texas. Pearl Jam’s fall North American tour kicks off Sept. 1 in Quebec City, Quebec. | https://www.spin.com/2022/08/watch-eddie-vedder-join-the-strokes/ | 2022-08-05T00:03:01Z | https://www.spin.com/2022/08/watch-eddie-vedder-join-the-strokes/ | true |
SAN FRANCISCO (AP) _ Cloudflare, Inc. (NET) on Thursday reported a loss of $63.5 million in its second quarter.
The San Francisco-based company said it had a loss of 20 cents per share. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a per-share basis.
The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The web security and content delivery company posted revenue of $234.5 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $227.5 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NET at https://www.zacks.com/ap/NET | https://www.ctinsider.com/business/article/Cloudflare-Q2-Earnings-Snapshot-17352927.php | 2022-08-05T00:03:15Z | https://www.ctinsider.com/business/article/Cloudflare-Q2-Earnings-Snapshot-17352927.php | false |
AUSTIN, Texas (KXAN) — An Austin jury found Infowars host Alex Jones must pay more than $4 million to the family of Sandy Hook shooting victim over claims on the show the shooting was a hoax and parents were crisis actors.
The verdict, returned on Thursday, marks the first of two sums of money the jurors have been asked to calculate after hearing nearly two weeks of testimony in the case.
Neil Heslin and Scarlett Lewis, who lost their 6-year-old son Jesse in the 2012 mass shooting, sued Jones for defamation and inflicting mental anguish. Jones was found liable by the court last year; the jury was tasked with coming up with the amount of actual damages he owes to compensate Heslin and Lewis.
The plaintiffs asked the jury to consider awarding $150 million — a dollar for each of the parents representing the 75 million Americans they say believed Sandy Hook was or could have been fake.
“We know that is a big verdict,” plaintiff’s attorney Mark Bankston said before the verdict was returned, “but we believe it is one that will speak volumes about the level of harm done in this case.”
After the verdict, he told reporters his team and the family were very pleased with the verdict handed down by the jury.
“It’s been a long journey, and it’s really nice to say to able to turn and look at my clients and say he can’t get off scot-free for this,” he said.
Jones’ team argued the plaintiffs have not brought enough evidence to show Jones’ words caused their anguish or to justify that large of a sum.
“So much of their argument is all about punishment,” Jones’ attorney Andino Reynal said. “I am going to talk to you guys about punishment when the time comes. Right now, I am going to talk to you guys about actual damages.”
After the jury’s verdict, he said, “On behalf of the entire legal team, today was an absolute vindication for the American legal system. We are very pleased with the verdict thus far, and we look forward to presenting the rest of the case.”
Jones and his team are bracing for a second verdict with additional, punitive damages — likely to be returned later this week. Plaintiff’s attorneys said they will bring a financial expert to testify before the jury is given their second charge.
This is a developing story. | https://www.wdtn.com/nexstar-media-wire/jury-finds-alex-jones-must-pay-sandy-hook-parents-more-than-4-million/ | 2022-08-05T00:03:46Z | https://www.wdtn.com/nexstar-media-wire/jury-finds-alex-jones-must-pay-sandy-hook-parents-more-than-4-million/ | false |
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