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Arizona Daily Star
Brock Ephan went 4 for 5 with five RBIs, Tucson’s bullpen pitched four hitless innings, and the Saguaros inched closer to the Pecos League Pacific Division championship with a 10-2 win over the San Rafael Pacifics Monday night in California.
The teams will play Game 2 of their best-of-three series at 6 p.m. Tuesday in San Rafael. Should Tucson win, it will advance to the Pecos League finals with a chance to win its third consecutive league title. The Mountain Division championships between the Roswell Invaders and Trinidad Triggers begins Tuesday night.
The visiting Saguaros scored one run in the first inning and four in the second. Tyler Rumbaugh pitched five innings, allowing two runs on three hits while striking out since and watching one. John Kea, Jon Ostroff, Jesse Palafox and Brendon Rodriguez combined to pitch four hitless innings in relief.
In three playoff games — a two-game sweep of the Bakersfield Train Robbers and Monday night’s win over the Pacifics — Tucson is outscoring its opponents, 27-10.
Photos: Tucson Saguaros open Pecos League playoffs with 13-4 win against Train Robbers
Tucson Saguaros vs Bakersfield Train Robbers
Saguaro's Steve Joyner (12) slides into second as Bakersfield's second baseman Jamie Carey (3) goes sprawling to knock down the errant throw in the first inning of their Pecos League playoff game at Kino Veterans Memorial Stadium, Tucson, Ariz., August 4, 2022. The Saguaros opened the best of three series with a 13-4 win.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' second baseman Patrick Music (21) flips to first baseman Chris Caffrey (44) to retire Bakersfield's Jamie Carey (3) on a slow roller to the gap in to end the Train Robbers' half of the third inning of their Pecos League playoff game at Kino Veterans Memorial Stadium, Tucson, Ariz., August 4, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' Kendon Strachan (32) watches his hit clear the right field fence for a two RBI homer, his second homer of the night, for a 7-0 lead against Bakersfield in the fifth inning for their Pecos League playoff game at Kino Veterans Memorial Stadium, Tucson, Ariz., August 4, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' Mike Hernandez (35) warms up as the sun sets over Kino Veterans Memorial Stadium as the team prepares to face Bakersfield in the first round of the Pecos League playoffs, Tucson, Ariz., August 4, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' starting catcher Caden Ledbetter (36) stands with his team as the national anthem is played before the first pitch of the opening game of the Pecos League playoffs against Bakersfield at Kino Veterans Memorial Stadium, Tucson, Ariz., August 4, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' shortstop Sadler Goodwin (31) can't quite reach a shot back up the middle from Bakersfield's Joe Riddle (14) in the second inning for their Pecos League playoff game at Kino Veterans Memorial Stadium, Tucson, Ariz., August 4, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' second baseman Patrick Music (21) twists his way under the ball after ranging into right field to track down a blooper into no man's land by Bakersfield's Omar Ortiz (7) in the fourth inning for their Pecos League playoff game at Kino Veterans Memorial Stadium, Tucson, Ariz., August 4, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' starter Frank Dickson IV (30) throws against Bakersfield in their 113-4 win to open the Pecos League playoff series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 4, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Bakersfield's second baseman Jamie Carey (3) crashes to the turf in front of right fielder Alex Cornell as the two can't get to looping fly ball down the line by Saguaros' Caden Ledbetter (36) for a single in the fifth inning for their Pecos League playoff game at Kino Veterans Memorial Stadium, Tucson, Ariz., August 4, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Bakersfield's third baseman Christian Harrington (8) gets the throw a second too late to stop Saguaros' Patrick Music (21) from advancing from first on an RBI single from Clayton Stephens (47) in the sixth inning for their Pecos League playoff game at Kino Veterans Memorial Stadium, Tucson, Ariz., August 4, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' John Kea (40) pitches in relief against Bakersfield in the seventh inning for their Pecos League playoff game at Kino Veterans Memorial Stadium, Tucson, Ariz., August 4, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' first baseman Chris Caffrey (44) ranges to his right to snare a grounder and throw out Bakersfield's Adam Mathias (13) to lead off the Train Robber eighth inning of their Pecos League playoff game at Kino Veterans Memorial Stadium, Tucson, Ariz., August 4, 2022.
Kelly Presnell, Arizona Daily Star
Photos: Tucson Saguaros sweep Bakersfield with a 6-4 win in Game 2 of the Pecos League playoffs
Tucson Saguaros vs Bakersfield Train Robbers
Bakersfield's Jamie Carey (3) heads to the dugout as the Tucson Saguaros celebrate a come from behind 6-4 win to eliminate the Train Robbers two games to none in game two of their Pecos League playoff best of three series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' centerfielder Steve Joyner (12) charges in to snare a sinking liner by Bakersfield's Daryl Donerson (2) in the third inning of game two of their Pecos League playoff series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' catcher Caden Ledbetter (36) slaps a sweeping tag on Bakersfield's Adam Mathias (13) nailing him at the plate in the fifth inning of game two of their Pecos League playoff series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022. Bakersfield's Luke Kelley (16) dropped a blooper in the shallow right field gap that centerfielder Steve Joyner couldn't run down to score a run before Mathias was thrown out by right fielder Kendon Strachan.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' left fielder BJ Minarcin (17) has to get low to handle a sinking liner by Bakersfield's Daryl Donerson (2)) in the first inning of game two of their Pecos League playoff series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Bakersfield's centerfielder Daryl Donerson (2), left, and right fielder Alex Cornell (12) narrowly avoid a collision bringing down a long fly ball from Saguaros' BJ Minarcin (17) in the first inning of game two of their Pecos League playoff series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' Blake Garrett (48) shatters his bat grounding out to third against Bakersfield in the third inning of game two of their Pecos League playoff series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' centerfielder Steve Joyner (12) just misses grabbing a looping RBI liner into no-man's land by Bakersfield's Luke Kelley (16) in the fifth inning of game two of their Pecos League playoff series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' Patrick Music (21) just beats the tag from Bakersfield's second baseman Jamie Carey (3) for a stolen base in game two of their Pecos League playoff series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Bakersfield's right fielder Alex Cornell (12) goes sprawling but just misses a Saguaro fly ball that dropped foul in the fifth inning of game two of their Pecos League playoff series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Bakersfield's shortstop Joe Curcio (24) can't believe Saguaros' Patrick Music (21) safely stretched a single into a double in the sixth inning of game two of their Pecos League playoff series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' Brock Ephan (50) shatters his bat fighting off pitch against Bakersfield in the eighth inning of game two of their Pecos League playoff series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022. Ephan eventually worked a walk out of his plate appearance.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Saguaros' third baseman Brock Ephan (50) stretches out to snare a pop-up by Bakersfield's Jamie Carey (3) on a sacrifice bunt attempt that ended up being a double play in the seventh inning of game two of their Pecos League playoff series at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Bakersfield Train Robbers
Bakersfield's Adam Mathias (13) reacts as he's called out at home trying to score the second run on an RBI hit from Luke Kelley (16) in the fifth inning of game two of their Pecos League playoff series against the Saguaros at Kino Veterans Memorial Stadium, Tucson, Ariz., August 5, 2022.
Kelly Presnell, Arizona Daily Star
Photos: Tucson Saguaros minor league baseball team
Saguaros vs Wasco Reserve
Saguaros catcher Mike Hernandez takes batting practice as the storm clouds roll in over War Memorial Stadium, Nogales, Ariz., July 2, 2022, just before the rains washed out both of the games of a scheduled double header against Wasco. The Saguaros are splitting their home slate this year between Tucson's Veterans Memorial Stadium and War Memorial Stadium in Nogales.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
Wasco's Brody Perkes (19) looks up to the ump as Saguaros catcher Mike Hernandez (35) tags him out on a double steal attempt in the sixth inning of their Pecos League baseball game at Kino Veterans Memorial Stadium, Tucson, Ariz., June 30, 2022. The Pecos League is an independent minor league, and one of the lower rungs on the professional ladder, with teams throughout the southwest.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
Saguaros centerfielder Steve Joyner waits outside Kino Veterans Memorial Stadium with his teammates for the gates to be opened after lighting in the area delayed the start of the night's game against Wasco, Tucson, Ariz., June 30, 2022. The Saguaros, the defending champs, are currently tied for most Pecos League championships with three titles.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
Saguaros starting pitcher Frank Dickson walks past a puddle from the afternoon storms as the team gathers for their game against Wasco at Kino Veterans Memorial Stadium, Tucson, Ariz., June 30, 2022.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
In the stairways of Kino Memorial Stadium, Saguaros players find ways to kill the time waiting out a lightning delay that held up the start of their game against Wasco, Tucson, Ariz., June 30, 2022. First pitch was delayed by almost two hours due to the weather.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
Saguaros' Richard Ware, left, and Brock Ephan play a game of wallball waiting to get into Kino Veterans Memorial Stadium for their Pecos League game against Wasco, Tucson, Ariz., June 30, 2022.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
Saguaros' third baseman EJ Taylor writes the names of friends and loved ones on his wrist tape just before first pitch against Wasco in a Pecos League baseball game at Kino Veterans Memorial Stadium, Tucson, Ariz., June 30, 2022.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
Saguaros' starter, lefty Franks Dickson, tosses a strike to Wasco's lead off batter for a strike the fifth inning of their Pecos League baseball game at Kino Veterans Memorial Stadium, Tucson, Ariz., June 30, 2022.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
Manager Sean McNeil is last man out of the dugout as the lights begin turning off automatically ending the night in the sixth inning and the Saguaros up 9-4 against Wasco in their Pecos League baseball game at Kino Veterans Memorial Stadium, Tucson, Ariz., June 30, 2022.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
Saguaros' second baseman Patrick Music (21) can't believe Wasco's Christian Thorpe (15) is safe stealing second in the fifth inning of their Pecos League baseball game at Kino Veterans Memorial Stadium, Tucson, Ariz., June 30, 2022.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
A trash can of well-warn balls waits outside Kino Veterans Memorial Stadium for the Saguaros' game against Wasco, Tucson, Ariz., June 30, 2022.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
Saguaros' catcher Mike Hernandez (35) and the rest of the team get dressed in the dugout hurrying to get ready for the late start against Wasco for a Pecos League baseball game at Kino Veterans Memorial Stadium, Tucson, Ariz., June 30, 2022. The players have no access to the clubhouse and have to provide their own transportation to games.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
Saguaros' outfielder Chris Iazzetta, left, his girlfriend Danielle Foye and pitcher Hunter Treece while away a rain delay in the upper reaches of War Memorial Stadium, Nogales, Ariz., July 2, 2022. A constant light rain washed out both of the games of the Saguaros' scheduled double header against Wasco.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
Saguaros' infielder Rod Dobbs tosses a football to himself as the team whiles away a weather delay in the dugout at War Memorial Stadium, Nogales, Ariz., June 30, 2022. The afternoon monsoon storms washed out the Pecos League double header against Wasco.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
June White gets an autograph from Saguaros' outfielder Steve Joyner during a weather delay on the team's first game of a double header against Wasco at War Memorial Stadium, Nogales, Ariz., June 30, 2022.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
The White family has the grandstand practically to themselves as a constant rain holds up the start of the Saguaros' first game against Wasco for a Pecos League double header at War Memorial Stadium, Nogales, Ariz., June 30, 2022. Both games were eventually called off due to the weather.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Monterey Amberjacks
Saguaro's shortstop Richard Ware (11) gets in a few tosses to his backhand in the final moments before the he and the rest of the starters head out of the dugout for the start of the game against Monterey for a Pecos League game at Kino Veterans Memorial Stadium, Tucson, Ariz., July 14, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Monterey Amberjacks
Saguaro's head coach Sean McNeill offers some advice to batter Kendon Strachan (32) after he took a foul ball to a tender area in an at bat against Monterey at Kino Veterans Memorial Stadium, Tucson, Ariz., July 14, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Monterey Amberjacks
Saguaro's second baseman Chris Caffrey (44) puts the tag on Monterey's Jordan Anderson (3) foiling a steal attempt in the fourth inning of their Pecos League game at Kino Veterans Memorial Stadium, Tucson, Ariz., July 14, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Monterey Amberjacks
Saguaro's Brandon Bradshaw (41) turns from the plate after chasing a pitch in the dirt to strike out against Monterey in the fifth inning of their Pecos League game at Kino Veterans Memorial Stadium, Tucson, Ariz., July 14, 2022.
Kelly Presnell, Arizona Daily Star
080422-tuc-spt-saguaros-p1
Saguaros third baseman Brock Ephan hit 14 home runs and drove in 40 runs during the regular season.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Monterey Amberjacks
Monterey's first and second basemen get tangled up chasing a pop fly down the right field line by Saguaro's BJ Minarcin (17) in the sixth inning of their Pecos League game at Kino Veterans Memorial Stadium, Tucson, Ariz., July 14, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Monterey Amberjacks
Saguaro's Kendon Strachan (32) takes a second before stepping into the box against Monterey in the sixth inning of their Pecos League game at Kino Veterans Memorial Stadium, Tucson, Ariz., July 14, 2022.
Kelly Presnell, Arizona Daily Star
Tucson Saguaros vs Monterey Amberjacks
Saguaro's head coach Sean McNeill counts out the cash donated during the game from the fans to be split with the night's outstanding players after a 5-2 win against Monterey in their Pecos League game at Kino Veterans Memorial Stadium, Tucson, Ariz., July 14, 2022.
Kelly Presnell, Arizona Daily Star
Saguaros vs Wasco Reserve
Players for Wasco Reserve play a round of keepsie-uppsie outside Kino Veterans Memorial Stadium as the weather delays first pitch against the Tucson Saguaros for a Pecos League baseball game, Tucson, Ariz., June 30, 2022. Lightning in the area pushed the start time of the game back almost two hours on the night.
Kelly Presnell, Arizona Daily Star
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NEW YORK (AP) — Spider-Man fandom is in Tyler Scott Hoover's blood — but not because he was bitten by an irradiated arachnid. His father had collected Marvel comic books featuring the character since the 1970s.
“He passed down a ton of comics to me,” says Hoover, 32, of Glen Burnie, Maryland. “It kind of makes it almost like a religion. It would have been hard for me not to become a fan of Spider-Man.”
There are legions of fans of Spider-Man, who this month marks 60 years in the vast, imaginative world of comic books, movies and merch. Among those fans are are devotees like Hoover, a professional Spider-Man cosplayer and model who doesn't resemble the longtime "canon" presentation of the character. However, in the cinematic and comics universes, a Black Spider-Man is now reality.
Hoover is biracial — of Black and white ancestry — and stands at 6 feet 2 inches. And the story of his fandom illustrates an important point about New York City's favorite super-powered wall-crawler: The appeal of the character long ago transcended its original iteration as a white, unimposing, orphaned teenager.
The Spider-Man character’s classic costume, complete with wide-eyed and web-patterned mask, is a key ingredient to the character’s appeal across race, gender and nationality. Almost anyone can imagine themselves behind it as this everyman — an underestimated smartypants who, after a quick change into head-to-toe spandex, becomes a force for good.
“The older I got, slowly but surely, I saw how relatable the character was,” Hoover says. “He had to work through his struggles while still maintaining a secret identity and doing good for the people. That kind of moral compass is powerful, especially for an impressionable mind.”
More importantly, Hoover says, it’s Spider-Man’s struggle to protect his hometown that makes the character more believable than superheroes whose origin stories include wealth and influence. No coincidence, surely, that he refers to himself as “your friendly neighborhood Spider-Man.”
Created by the late Stan Lee and Steve Ditko, Spider-Man appeared in comics as early as June 1962, although the canon date of his debut is Aug. 10, 1962, in Marvel’s Amazing Fantasy #15. Peter Parker, a high schooler bitten by a spider from a science experiment, developed superhuman strength, the ability to cling to solid surfaces and fast reflexes aided by the ability to sense and anticipate danger.
But on his journey to becoming a superhero, Parker fails to stop a burglar who kills his Uncle Ben, leaving his adoptive aunt widowed. The character then strives to honor the words etched at the end of that debut issue, later attributed to his uncle: “With great power, there must also come great responsibility.”
Racially and culturally diverse superheroes, generally absent from the mainstream comics scene during its first decades, began to emerge in the years after Spider-Man's debut, particularly at Marvel.
In 1966, Black Panther, also known as Prince T’Challa of the fictional and reclusive African nation of Wakanda, became the first Black Marvel comic superhero. Debuting in the 1970s were characters such as Storm, the mutant goddess most known as a member of Marvel’s X-Men; Luke Cage, Marvel's formerly imprisoned Black Harlemite with superhuman strength and nearly impenetrable skin; Shang-Chi, the master martial artist who is among the first Asian Marvel superheroes; and Red Wolf, the expert archer and first Native American Marvel superhero.
"Sometimes when we think of superheroes, we think of billionaires in suits, brilliant scientists or Norse gods," says Angélique Roché, host of the podcast "Marvel's Voices" and co-author of the upcoming book "My Super Hero Is Black."
Spider-Man turned the idea of mostly privileged humans using their wealth and power to become heroes on its head, she says. Spider-Man iterations, in the comics and in film, have appeared across multiple universes, or the so-called “spiderverse.” Miles Morales, a teenage, Afro Latino Spider-Man, has become wildly popular and starred in his own animated feature film. Cindy Moon, a Korean-American known as Silk, was bitten by the same spider as Peter Parker.
“Because Spider Man means so much to us, we should always be open to the possibilities,” Roché says. “We should always hope and believe that there’s never going to be a dearth of people who want to fight for what’s right.”
In July, Spider-Man was inducted into the Comic-Con Hall of Fame during the annual convention in San Diego. Fans flooded the convention hall in costumes that spanned various iterations of the character.
Because of the mask, Spider-Man has been a safer choice for cosplayers hoping to avoid the staunch purists, or those who criticize others for deviating from canonized representations of superheroes. But cosplay doesn't have to be canon, says Andrew Liptak, a historian and author of the book "Cosplay, a History: The Builders, Fans, and Makers Who Bring Your Favorite Stories to Life."
“Ultimately, it’s about your relationship to the character,” he says. “You’re literally wearing your fandom on your sleeves.”
Liptak also says it’s unfair to expect fans of color to dress up only as superheroes whose appearance or skin color matches their own.
In the recent film “Spider-Man: No Way Home,” Electro, the villain played by Academy Award-winning actor Jamie Foxx, joked to Andrew Garfield’s Spider-Man that he was surprised Spider-Man wasn’t Black. Whether or not that opens the door to a live-action Black Spider-Man in future films, Hoover says Spider-Man should never be boxed into just one look.
“You will get those who argue, if you turn Spider-Man Black then you can turn T’Challa white,” Hoover says. “Spider-Man was never really defined by his ethnicity, but more so his social status and the struggles he went through. That’s even more relatable for people of color and different ethnicities, because there’s a lot of struggle involved in life that you have to persevere through.”
___
Aaron Morrison is a New York-based member of the AP's Race and Ethnicity team. Follow him on Twitter: https://www.twitter.com/aaronlmorrison
Credit: Tyler Scott Hoover
Credit: Tyler Scott Hoover
Credit: Tyler Scott Hoover
Credit: Tyler Scott Hoover
Credit: Tyler Scott Hoover
Credit: Tyler Scott Hoover | https://www.springfieldnewssun.com/nation-world/as-spider-man-turns-60-fans-reflect-on-diverse-appeal/KN3GXRXDMNHB5HHZ4TJBUMB27I/ | 2022-08-09T20:38:32Z | https://www.springfieldnewssun.com/nation-world/as-spider-man-turns-60-fans-reflect-on-diverse-appeal/KN3GXRXDMNHB5HHZ4TJBUMB27I/ | true |
WEST LINN, Ore., Aug. 9, 2022 /PRNewswire/ -- Pacific West Bank (OTC: PWBO) today announced that Jason Wessling has been promoted to Bank President subject to regulatory approval. Jason will also continue as the Bank's Chief Financial Officer and will join the Banks Board of Directors.
"Jason was the first executive recruited after the capital raise in 2018. At that time, the Bank had roughly $90.0 million in assets. Since then, under Jason's leadership as CFO the Bank has grown to $300 million, a milestone the Bank celebrated in July. The Bank recognized Jason's leadership contribution in October of 2020 by naming him the Bank's first Executive Vice President. His accomplishments were magnified during the following two years and were a significant determinant to the Bank's 3x growth during a time of unprecedented economic challenge," Terry Peterson the Bank's Chief Executive Officer.
"The Portland Business community honored Jason's leadership and successes by naming him CFO of the year by the Portland Business Journal in 2021. Jason demonstrates the Bank's culture of relationship banking by focusing on the growth of each relationship the Bank has with the community, businesses, non-profits, and the amazing team of Bankers at PWB," said Ed Kawasaki Board Chairman of the Bank.
Before joining Pacific West Bank, Jason was an executive at Premier Community Bank as its Chief Financial Officer with prior experience with Moss Adams, a public accounting firm as a specialist within the Financial Institutions practice. Jason is a CPA in the State of Oregon and is a member of the Oregon Society of CPAs and the AICPA.
About Pacific West Bank: Information about the Bank's stock is available through the over-the-counter marketplace at www.otcmarkets.com (symbol PWBO).
Pacific West Bank was formed in 2004 by Portland businesspeople to deliver loan and deposit product solutions through experienced and professional bankers to businesses, nonprofits, professionals, and individuals. The Bank serves the greater Portland Metro area with offices strategically located in Downtown Portland, Lake Oswego, and West Linn.
Media Contact:
Terry A. Peterson
Chief Executive Officer
(503) 905-2217
tpeterson@bankpacificwest.com
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SOURCE Pacific West Bank | https://www.kxii.com/prnewswire/2022/08/09/pacific-west-bank-announces-jason-wessling-bank-president/ | 2022-08-09T20:40:00Z | https://www.kxii.com/prnewswire/2022/08/09/pacific-west-bank-announces-jason-wessling-bank-president/ | false |
ALBUQUERQUE, N.M. (AP) _ The winning numbers in Tuesday afternoon's drawing of the New Mexico Lottery's "Pick 4 Day" game were:
8-5-6-8
(eight, five, six, eight)
ALBUQUERQUE, N.M. (AP) _ The winning numbers in Tuesday afternoon's drawing of the New Mexico Lottery's "Pick 4 Day" game were:
8-5-6-8
(eight, five, six, eight) | https://www.sfgate.com/lottery/article/Winning-numbers-drawn-in-Pick-4-Day-game-17362271.php | 2022-08-09T20:42:16Z | https://www.sfgate.com/lottery/article/Winning-numbers-drawn-in-Pick-4-Day-game-17362271.php | true |
We have never seen a U.S. president's home searched for evidence of a crime the way we saw at Mar-a-Lago this week.
We have never seen a president impeached twice, or a mob attacking the Capitol in an effort to prevent the lawful transfer of power after an election.
Such strange and disturbing events make us wonder what has happened to American politics. Some have looked to the leaders in the Republican Party, expecting them to break with the man at the center of the conflict and controversy — former President Donald Trump.
Instead, these leaders close ranks and defend him. They rally around him and raise money in his name as they condemn the legal process that pursues him. They are betting on Trump as their champion in this year's midterm elections, and he remains the odds-on favorite to be their nominee for president in 2024.
We often hear that Trump has an almost mystical grip on his party and its voting base. Some suggest he alone has been the hero-villain forcing the parties further apart, personalizing the issues and making public discourse more vituperative.
But is Trump solely responsible for the state of politics in America? Is he the cause of the condition of today's GOP, or is he more a symptom?
That question was the starting point for the authors of two new books out this month, both of whom try to follow the river of toxicity back upstream to its true source.
"Donald Trump didn't create this noxious environment," longtime Washington Post columnist Dana Milbank writes in a new book. "He is a monster the Republicans created over a quarter century."
In The Destructionists: The Twenty-five Year Crack-up of the Republican Party, Milbank argues that long before Trump appeared in 2015, the Republican Party had made itself vulnerable to someone like him.
Milbank says Trump came along to exploit that vulnerability, seize the nomination and ride the party's faithful voters to a term in the White House. That voting base held for him through the loss of the House in 2018 and the loss of the Senate and his own re-election campaign in 2020. He and they dealt with this last reversal by simply denying it happened.
Thousands even came to Washington and stormed the Capitol on Jan. 6, 2021 in an effort to prevent the lawful transfer of power.
"The bloody coup attempt shocked the nation," Milbank writes. "But a sober view of history might have lessened the shock. For the seeds of sedition had been planted earlier — 26 years earlier — in that same spot on the West Front of the Capitol."
That rather eyebrow-raising assertion refers to the day in September 1994 when the GOP's firebrand future leader in the House, Newt Gingrich, led 300 Republican candidates in a "Contract with America" pledge that was their campaign manifesto.
"The rise of Gingrich and his shock troops fundamentally altered American government for a generation and counting," Milbank writes, "and set the United States on a course toward the ruinous politics of today."
Milbank describes how Gingrich led the GOP to forsake its traditional conservatism in favor of a hard-edged attack on Democrats, liberals and the social changes of the late 20th century. For Gingrich, it was all fair game to question Democrats' patriotism, integrity and even masculinity.
While Gingrich is his starting point, Milbank's stream gives us more than a dozen key episodes from the eras of previous presidents Bill Clinton, George W. Bush and Barack Obama.
The charges he levels at Gingrich, in particular, anticipate those we now hear against Trump. These include his reliance on attacks without evidence, his penchant for repeating such attacks even when disproven, his studied emphasis on hyperbole and incendiary language ("corrupt," "sick," "criminal," "steal") and his lack of shame when caught in contradiction, hypocrisy or blatant falsehoods.
Milbank reaches back for memories most of us may have wished to forget, such as Steve Stockman the militia-friendly Texas congressman elected in 1994 who insisted the Branch Davidian raid in 1993 had been staged by the FBI and the heavily armed members of the cult had been "executed...so as to prove the need for a ban on so-called assault weapons."
Milbank also devotes a chapter to the multiple probes of the death of Vince Foster, a White House attorney who committed suicide early in the administration of President Bill Clinton. No sooner had one investigation confirmed the suicide than another was begun. Later, the same strategy would be used to keep Hillary Clinton's emails and the death of an American ambassador at Benghazi in 2012 in play as political cudgels for years.
Catalog of offenses
Milbank's catalog of Republican offenses also includes the party's dalliance with various white nationalists, the torture of prisoners and surveillance of U.S. citizens during the War on Terror and the botched response to Hurricane Katrina. Then it's on to lies about "death panels" in Obamacare, Rudy Giuliani's assertion that "truth isn't truth" and Trump's version of what happened at Charlottesville in 2017 ("Very fine people on both sides.")
Milbank argues that Gingrich & Company's treatment of politics as war came to dominate the attitude of GOP candidates at all levels, as well as the outlook of much of the party's activist base. He is especially alarmed at the recent denial of election results and the imposing of new restrictions on voting.
"Admittedly, I'm partisan," Milbank writes, "not for Democrats but for democrats...Republicans have become an authoritarian faction fighting democracy."
Gingrich who is still part of the media conversation as a contributor to Fox News today, comes in for the lion's share of the opprobrium. But Milbank also has plenty left over for other household names such as Sarah Palin, Senate Majority Leader Mitch McConnell and Karl Rove, the strategist for President George W. Bush.
In fact Milbank takes so many individual Republicans to task in this volume that one wonders: Do those not mentioned feel left out?
Milbank knows his subject and timeframe, having started covering Capitol Hill for The Wall Street Journal about the time Gingrich became Speaker. He has a well-honed edge as a commentator and a columnist's way with words. He punches relentlessly, the way a boxer works a speed bag. At times, the less avid reader may feel pummeled as well. But Milbank's fans will not go away disappointed.
Another look at the era
To further amplify the subject at hand, readers can also turn to Partisans: The Conservative Revolutionaries Who Remade American Politics in the 1990s by Nicole Hemmer, a historian and political analyst now teaching at Vanderbilt University.
As befits a historian, Hemmer takes a longer view and paints a larger picture. She incorporates generations of ferment and reformulation among American conservatives, always with an eye toward how their ideas were gestating and mutating in the ideological labs of conservative media.
She compares the isolationist "Old Right" with the post-war "New Right" for whom the lodestar was anti-communism. They rode to glory on the political personality and charm of Ronald Reagan, who found his moment in 1980 and won two Electoral College landslides.
She argues that Reagan was not a new dawn for conservatism but the sunset of the Cold War era and the consensus it offered. After he left office, the fall of the Soviet Union and the rise of post-Mao China soon made global communism seem passé, depriving the right of its one great unifying issue.
What arose to take its place drew upon several strains of long-simmering reactionary rancor but especially from the racial history of the South.
As of the election of 1994 that made Gingrich the Speaker, Republicans held the majority of the South's governorships, Senate seats and U.S. House seats for the first time since Reconstruction after the Civil War. The GOP has held the majority of all those offices ever since.
Hemmer writes: "The party's transformation, sudden though it seemed, had been underway for a quarter century in the turn toward nativism and a more overt racism, in the criticisms of conservative elites, in the wariness about free trade democracy, in the sharp elbowed far-right punditry."
Hemmer spends a considerable time examining that punditry, having made a study of it through much of her career as a scholar and contributing columnist at U.S. News and World Report magazine.
The role of Rush
She notes that in 2009, when Barack Obama was in his first months as president, a Gallup Poll identified radio star Rush Limbaugh as the person most often cited as spokesman for the Republican Party. This was at a time when Limbaugh had summed up his response to Obama's struggling to deal with deep recession by saying: "I hope he fails."
There were plenty of others weighing in. Hemmer tells of Pat Robertson and Jerry Falwell, Sean Hannity and Laura Ingraham and Tucker Carlson. Without them, the entire ecosystem of Gingrich and Trump would not have been possible.
She tells us that "Trump helped the picture snap into focus" but her book is "not a pre-history of Trumpism." She prefers to call it an "an exploration of how and why Reaganism, which in the 1980s seemed to be the future not only of the conservative movement but of U.S. politics more broadly, collapsed so quickly."
As for the GOP's shift to being the party of Gingrich and Trump, she writes: "It had happened in plain sight but too many people were too attached to the idea of the party of Reagan to notice."
Like Milbank, Hemmer has come to focus on the decade right after Reagan left office and trains her fire on many of the same salient targets. She spends far less ammunition on Gingrich, however, than Patrick Buchanan, a man whose own presidential campaigns failed but whose influence she sees as pivotal.
Buchanan, whose image in profile appears on the book jacket, first made it in the media as a newspaper editorial writer in the 1960s. Buchanan's gift for serrated prose caught the attention of Richard Nixon, who brought him aboard his speech writing team in his successful 1968 campaign for president.
"Pitchfork Pat"
After Nixon's fall, Buchanan found his way back as a tough-talking TV personality and author of revisionist histories of World War II. After a stint as Reagan's communications director, he went back to TV. But in 1991 he organized a primary challenge to Reagan's successor, President George H.W. Bush, who was about to seek a second term.
That challenge bruised the eventual nominee, pushed him to the right and also lured in an independent general election challenger, Texas high-tech billionaire Ross Perot. Bush wound up losing that three-way race to Clinton.
Hemmer finds in Buchanan the spark for the new conservative flame to come, much as Milbank finds it Gingrich. She writes:
"Buchanan vowed to throw it all out: no more free trade, no more democracy promotion, no more celebrations of diversity. He was ready to make the case that he couldn't make with Reagan in office: that the United States was in decline and needed a revolution to stop its slide."
Buchanan ran again in 1996 and won the New Hampshire primary outright before fading in the later events. In 2000, he briefly sought the Republican nomination before becoming the Reform Party nominee and finishing far out of contention. But he left a mark — and his campaign slogan that year, "America First," was both a throwback to the isolationists before World War II and a clear precursor of what we call Trumpism today.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.apr.org/politics-government/2022-08-09/two-books-dig-into-the-1990s-for-the-roots-of-the-trump-era-republican-party | 2022-08-09T20:44:37Z | https://www.apr.org/politics-government/2022-08-09/two-books-dig-into-the-1990s-for-the-roots-of-the-trump-era-republican-party | false |
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- IAC (NASDAQ: IAC) posted its second quarter financial results and a letter to shareholders on the investor relations section of its website at https://ir.iac.com/quarterly-results. As announced previously, IAC and Angi Inc. will live stream a joint video conference to discuss both companies' respective second quarter results and to answer questions. The live stream will be held on Wednesday, August 10, 2022 at 8:30 a.m. ET. Joey Levin, CEO of IAC and Chairman of Angi Inc.; Christopher Halpin, Executive Vice President and CFO of IAC; Oisin Hanrahan, CEO of Angi Inc. and Neil Vogel, CEO of Dotdash Meredith will participate.
The live stream and replay of the video will be open to the public at
https://interactivecorp.zoom.us/webinar/register/WN_gqDXEfh0RHyEFHWuURo0xw
IAC (NASDAQ: IAC) builds companies. We are guided by curiosity, a questioning of the status quo, and a desire to invent or acquire new products and brands. From the single seed that started as IAC over two decades ago have emerged 11 public companies and generations of exceptional leaders. We will always evolve, but our basic principles of financially disciplined opportunism will never change. IAC is today comprised of category leading businesses including Angi Inc. (NASDAQ: ANGI), Dotdash Meredith and Care.com among many others ranging from early stage to established businesses. IAC is headquartered in New York City with business locations worldwide.
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SOURCE IAC | https://www.kswo.com/prnewswire/2022/08/09/iac-earnings-release-letter-shareholders-available-companys-website/ | 2022-08-09T20:44:46Z | https://www.kswo.com/prnewswire/2022/08/09/iac-earnings-release-letter-shareholders-available-companys-website/ | true |
OXNARD, Calif. (AP) — KaVontae Turpin is getting his first chance in the NFL with the Dallas Cowboys nearly four years after the receiver and kick returner was accused of assaulting his girlfriend, ending his career at TCU.
Turpin was kicked off the team at TCU in part because the school was unaware of a previous assault case in New Mexico. He pleaded guilty in the Texas case with a chance to clear the conviction from his record and attended an abuse intervention program.
“I learned I got to learn from my accountability, my consequences,” Turpin said in his first meeting with reporters early in training camp. “I’m just looking forward to becoming a greater man now.”
His past legal issues aren't the only reason the speedy Turpin is a longshot. He’s also tiny, listed at 5-foot-7 and 158 pounds. If he makes the roster, Turpin will be close to his former college home with more time to tell his story.
Despite his size, Turpin probably would have been drafted in 2019. He returned a punt for a touchdown in each of his four seasons with the Horned Frogs while averaging 28 yards on 71 career kickoff returns with two more scores.
Instead, Turpin operated on the fringes of pro football with stints in the indoor Fan-Controlled Football League, the Spring League, the European League of Football and finally the reincarnation of the United States Football League.
Turpin was MVP in the USFL, and said the Cowboys were the first team to contact him after the season ended. He didn't need that MVP trophy to get the attention of Dallas special teams coach John Fassel.
“He’s been on my radar since 2018,” Fassel said. “Clearly at TCU I’ve watched every single one of his returns and then keeping an eye on him over the course of his fan league and Spring League and then USFL. I’ve seen all of that work.”
There's little question Turpin can make it as a returner. The bigger challenge is receiver, even with the Cowboys having plenty of opportunities for newcomers.
Amari Cooper was traded in a cost-cutting move, and veteran addition James Washington broke a foot early in training camp. There are openings below CeeDee Lamb and Michael Gallup, the No. 2 receiver who won't be ready for the start of the season while recovering from knee surgery.
Turpin, who turned 26 last week, is getting a decent amount of work at receiver in camp. The Cowboys are getting him the ball on the perimeter and on jet sweeps. He led the USFL with 540 receiving yards and 316 yards after the catch.
Coach Mike McCarthy had a good first impression because the Pittsburgh native noticed Turpin wearing a Pittsburgh Pirates cap for his introduction at a team meeting. McCarthy has liked the on-field work, too.
“The thing I’ve been most impressed with is just the way he’s jumped in there,” McCarthy said. “He’s done a really nice job in the wide receiver room. Just the reps that he’s been given in the return game, he looks like a good fit for how we want to play there. I’m excited about what’s in front of him.”
Turpin is prepared for the questions about how he disappeared from the Dallas-Fort Worth sports scene so quickly, and isn't trying to avoid them. “I’m here to speak publicly, whatever they need me to do,” Turpin said.
His coaches are equally aware of the history, with McCarthy saying after the signing became official that Turpin was “responsible and accountable” and “well aware of what's expected of him.”
“I think that's a huge challenge for him, in a good way,” Fassel said. “As far as I know about him, great kid, great in meetings, super respectful around everybody here. I expect him to perform well and act like a grown man.”
If that happens, Fassel believes he has just the sort of special teams tool he needs.
“Y-E-S. In all caps,” Fassel said. “There will be a role for him. And I can’t wait to see it.”
NOTES: With the competition between Liram Hajrullahu and undrafted rookie Jonathan Garibay not going well, the Cowboys brought back one of their former kickers in Brett Maher. Garibay was waived. Maher was 20 of 30 on field goals when the Cowboys cut him after 13 games in 2019. He was 16 of 18 in eight games with New Orleans last season. ... The team said defensive passing game coordinator Joe Whitt Jr. is dealing with a “private health matter” and won't make the trip to Denver for a joint practice and preseason game. He is still participating in meetings. Whitt called the defensive plays in the preseason last year when defensive coordinator Dan Quinn was sidelined by a positive COVID-19 test.
___
More AP NFL: https://apnews.com/hub/nfl and https://twitter.com/AP_NFL | https://www.expressnews.com/sports/article/Cowboys-give-Turpin-shot-at-NFL-amid-backdrop-of-17362284.php | 2022-08-09T20:45:08Z | https://www.expressnews.com/sports/article/Cowboys-give-Turpin-shot-at-NFL-amid-backdrop-of-17362284.php | true |
Company also makes $60,000 contribution to send 10 kids to camp
WHEATLEY HEIGHTS, N.Y., Aug. 9, 2022 /PRNewswire/ -- Aflac and Sunrise Association, delivered My Special Aflac Ducks® to more than 150 children and families facing childhood cancer today at Sunrise Day Camp – Long Island in Wheatley Heights, New York, and in the following days will make My Special Aflac Duck available to Sunrise campers across the United States. The deliveries are part of a national sponsorship with Sunrise Association, whose mission is to bring back the joys of childhood to children with cancer and their siblings in the U.S. and abroad.
My Special Aflac Duck is an award-winning social robot developed by Aflac to help provide comfort, joy and distraction to children with cancer and sickle cell. It is a cornerstone of Aflac's 27-year commitment to helping children with cancer and blood disorders, which also includes more than $160 million in contributions to the Aflac Cancer and Blood Disorders Center at Children's Healthcare of Atlanta. In 2018, Time Magazine named My Special Aflac Duck one of the top 50 inventions of the year.
"We are thrilled to introduce My Special Aflac Duck to campers at the Sunrise Day Camps in Long Island and at their various camps across the country, as we have done for more than 16,000 children in the U.S., Japan and Northern Ireland since 2018," The Aflac Foundation, Inc. President Kathelen Amos said. "The Aflac Duck has become a tangible, innovative companion for children as they go through their journey. We are making an impact on such an important cause and couldn't be more proud."
In addition to making My Special Aflac Ducks available to children participating in the eight Sunrise Association camps in the U.S., Aflac will also help send 10 children to camp in the coming year through a $60,000 contribution to the organization. Sunrise Association does not charge families for their camp experiences.
"Aflac's contribution will help us to continue offering our programs to these amazing children and families without ever having to charge a fee. Their My Special Aflac Duck program also aligns perfectly with our mission to bring joy to these children through our camp experiences," said Sunrise Association's President and CEO Arnie Preminger. "We could not be more pleased with this new relationship with one of America's strongest and more purposeful brands."
Features of My Special Aflac Duck include an interactive mobile app that allows children to virtually bathe and feed their duck, customizable soundscapes that provide soothing visuals and sounds, smart sensors that enable touch and awareness of light and sounds, and a calming heartbeat and breathing vibrations. To help children express themselves, the duck also comes with seven feeling discs that, when tapped individually to a sensor on the duck's chest, prompt My Special Aflac Duck to emulate each different emotion. Since 2018, Aflac has distributed – free-of-charge - more than 16,000 My Special Aflac Ducks to children in the United States, Japan and Northern Ireland. Each unit costs the company approximately $200.
Healthcare providers, support organizations and families seeking to order My Special Aflac Duck for their children or patients 3 years or older who have been diagnosed with cancer or sickle cell disease may do so by visiting https://aflacchildhoodcancer.org. All My Special Aflac Ducks are provided and delivered free of charge.
ABOUT AFLAC INCORPORATED
Aflac Incorporated (NYSE: AFL) is a Fortune 500 company helping provide protection to more than 50 million people through its subsidiaries in Japan and the U.S., paying cash fast when policyholders get sick or injured. For more than six decades, insurance policies of Aflac Incorporated's subsidiaries have given policyholders the opportunity to focus on recovery, not financial stress. In the U.S., Aflac is the number one provider of supplemental health insurance products1. Aflac Life Insurance Japan is the leading provider of medical and cancer insurance in Japan, where it insures 1 in 4 households. In 2021, Aflac Incorporated was proud to be included as one of the World's Most Ethical Companies by Ethisphere for the 16th consecutive year. Also in 2021, the company was included in the Dow Jones Sustainability North America Index and became a signatory of the Principles for Responsible Investment (PRI). In 2022, Aflac Incorporated was included on Fortune's list of World's Most Admired Companies for the 21st time and Bloomberg's Gender-Equality Index for the third consecutive year. To find out how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/español. Investors may learn more about Aflac Incorporated and its commitment to ESG and social responsibility at investors.aflac.com under "Sustainability."
1 LIMRA 2021 U.S. Supplemental Health Insurance Total Market Report
ABOUT SUNRISE
The Sunrise Association brings the magic of childhood to children with cancer and their siblings at 11 Summer Day Camps around the world, Year-Round Programs, and In-Hospital Recreational Activities, all offered free of charge. Sunrise Day Camps are located in New York (3 locations), Baltimore, Metro DC, Atlanta, Israel (3 locations), Greater Philadelphia, and online (Sunrise VX Virtual eXperience).
Media contact: Jon Sullivan, 706-763-4813 or jsullivan@aflac.com
Analyst and investor contact: David A. Young, 706-596-3264, 800-235-2667 or dyoung@aflac.com
Aflac | WWHQ | 1932 Wynnton Road | Columbus, GA 31999
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SOURCE Aflac | https://www.cleveland19.com/prnewswire/2022/08/09/aflac-amp-sunrise-association-deliver-joy-more-than-150-children-families-dealing-with-childhood-cancer-long-island/ | 2022-08-09T20:46:16Z | https://www.cleveland19.com/prnewswire/2022/08/09/aflac-amp-sunrise-association-deliver-joy-more-than-150-children-families-dealing-with-childhood-cancer-long-island/ | true |
Sabine Parish, La. (KTAL/KMSS) – A 19-year-old from Converse, La., died early Monday morning when a crash ejected him from the vehicle.
State police say Jack B. Dobbs was driving a 2022 Buick Encore west on Louisiana Highway 174 around 3:00 a.m. when the vehicle left the road. The Encore rolled over multiple times as it fell down the embankment, ejecting Dobbs from the vehicle.
Dobbs was pronounced dead at the scene. Police say he was not wearing a seatbelt at the time of the crash.
Officers sent toxicology samples for analysis, and the crash remains under investigation.
Troop E has investigated 26 fatal crashes resulting in 28 deaths in 2022. Officials encourage drivers to wear seatbelts to decrease the chance of injury or death in a collision. | https://www.cenlanow.com/state-news/converse-man-killed-in-sabine-parish-rollover-crash/ | 2022-08-09T20:46:41Z | https://www.cenlanow.com/state-news/converse-man-killed-in-sabine-parish-rollover-crash/ | false |
By Tim Hepher
Aug 9 (Reuters) - Boeing BA.N jetliner deliveries fell to a five-month low of 26 airplanes in July, highlighting pressure on global supply chains as it prepares to resume deliveries of the 787 Dreamliner.
The U.S. planemaker said monthly deliveries included 23 737 MAX jets and three wide-body freighters, bringing MAX deliveries so far this year to 212 jets and total deliveries to 242.
The figures do not include the imminent resumption of 787 Dreamliner deliveries after a year-long suspension over production issues.
Shares of Boeing fell as much as 1.7% before paring losses to trade about flat.
The U.S. government on Monday approved the first 787 delivery since May 2021, people briefed on the matter said.
July's Boeing data does, however, underscore industrial snags testing the aerospace industry after Airbus AIR.PA reported lower July deliveries on Monday.
At roughly half the 51 handovers seen in the previous month, Boeing's July deliveries suffered the sharpest sequential drop since before the 737 MAX was cleared to return to service in December 2020, following a safety grounding.
Deliveries have nonetheless fluctuated significantly this year and June had seen a sharp swing towards the upside.
Chief Financial Officer Brian West anticipated a "light" July when he outlined three worries for the 737 during earnings last week: supply chains, delays in getting planes out of storage and an effective freeze on deliveries to China.
He told analysts that Boeing would not fully make up for lower-than-expected first-half deliveries in the second half and added: "We'll continue to experience monthly variability".
NEW ORDERS
Boeing, meanwhile, saw a surge of new business in July as it officially booked orders announced at the Farnborough Airshow, where it focused on shoring up the 737 MAX 10, as the aircraft faces uncertainty over a certification deadline.
Boeing confirmed orders for a total of 125 MAX from Delta Air Lines and Qatar Airways as well as two 777 freighters for Air Canada. It added fresh orders for two MAX from American Airlines and a 777 freighter from FedEx.
That brings Boeing's gross orders to 130 airplanes for July and 416 for the year so far.
After cancellations of four planes in July, Boeing posted core net orders of 126 planes in July and 312 for the year to date.
Airbus earlier reported comparable year-to-date net orders of 656 airplanes after a major deal with China. .
After further accounting adjustments, Boeing said it had reached adjusted net orders of 362 planes so far this year.
The adjustments reflect a more positive view on some outstanding contracts as travel demand returns.
Boeing restored a net total of 31 planes to its normal operational backlog in July after they had previously been set aside in a category reserved for jets unlikely to be delivered.
Airbus carries out similar quality adjustments to its backlog annually rather than monthly, and logs them in terms of value rather than volume, so a comparison is not available.
Boeing has sold a total of 5,206 jets that are still waiting for delivery in coming years, or 4,370 after including the accounting adjustments for planes seen unlikely to be delivered.
Slowing downhttps://tmsnrt.rs/3SAywR8
Tepid Julyhttps://tmsnrt.rs/3JK6azY
Airbus widens delivery leadhttps://tmsnrt.rs/3PaFd9D
Airbus pulls ahead owing to China ordershttps://tmsnrt.rs/3SP8qtV
Airbus pulls ahead owing to China orders https://tmsnrt.rs/3vPFube
Airbus widens delivery leadhttps://tmsnrt.rs/3A8Cc5h
Tepid Julyhttps://tmsnrt.rs/3A2wwZB
Slowing downhttps://tmsnrt.rs/3p3ikub
(Reporting by Tim Hepher Additional reporting by Abhijith Ganapavaram and David Shepardson Editing by Mark Potter and Krishna Chandra Eluri)
((tim.hepher@thomsonreuters.com; +33 1 49 49 54 52; Reuters Messaging: tim.hepher.thomsonreuters@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | https://www.nasdaq.com/articles/boeing-deliveries-slip-to-five-month-low-in-july-0 | 2022-08-09T20:47:53Z | https://www.nasdaq.com/articles/boeing-deliveries-slip-to-five-month-low-in-july-0 | true |
The Justice Department is following policy and not publicly discussing its investigations, but there are some clues about the FBI search of Mar-a-Lago and its implications for former President Trump.
Copyright 2022 NPR
The Justice Department is following policy and not publicly discussing its investigations, but there are some clues about the FBI search of Mar-a-Lago and its implications for former President Trump.
Copyright 2022 NPR | https://www.wunc.org/2022-08-09/the-implications-of-the-fbis-mar-a-lago-search-for-trump | 2022-08-09T20:48:03Z | https://www.wunc.org/2022-08-09/the-implications-of-the-fbis-mar-a-lago-search-for-trump | true |
Good inflation news: Online shopping prices are suddenly falling fast
Video above: Prices start to fall at gas pumps
The world of online shopping was long immune to inflation until COVID-19 turned everything upside down.
E-commerce prices began rising in June 2020, beginning an unprecedented stretch of 25 consecutive months of increases that underscored the severe price pressures hitting the U.S. economy.
That streak has finally ended. Online prices declined by 1% year-over-year in July, snapping a string of nearly two years of persistent inflation, according to a report released Tuesday by Adobe.
The shift is even more pronounced on a month-over-month basis where online prices dropped by 2% in July, Adobe said.
The findings bode well for the inflation crisis, signaling a potential easing of the pricing pressures that have squeezed consumers and raised recession fears.
Of course, it may take considerable time before inflation gets anywhere back to normal levels, and Adobe noted that online grocery prices continue to surge.
Inflation remains way too high across the U.S. economy.
Consumer prices surged by 9.1% year-over-year in June, the biggest increase in more than 40 years. A new report due out on Wednesday is expected to show inflation eased in July, though remained uncomfortably high at 8.7%.
While cooling inflation would be a positive development, the factors behind the pricing shift online may not be great news. Adobe pointed to a combination of "wavering consumer confidence and a pullback in spending" as well as oversupply by some retailers.
Walmart, Target and Best Buy have all recently warned of an inventory glut that is eating into profits and prompting price cuts.
The online deflation was led by a 9.3% year-over-year plunge in electronics prices, Adobe said, the area consumers spend the most.
Beyond electronics, online prices for toys fell sharply by 8.2% in July, the most since late 2019, according to Adobe.
Online prices for apparel rose for 14 consecutive months until June, when they dipped 0.1% year-over-year, Adobe said. That deflationary shift continued in July as online apparel prices fell by 1% year-over-year and by 6.3% month-over-month.
Walmart in particular called out apparel as an area where the retail leader is being forced to mark down inventory.
Although deflation has returned to online shopping overall, Adobe found online prices moved in the wrong direction in a few key categories.
Online grocery prices surged by 13.4% year-over-year in July, marking a new record, the report found. That is an acceleration from the previous records of 10.3% in April and 11.7% in May.
Similarly, Adobe said prices for pet products online jumped by 12.6% year-over-year, marking a record and the 27th consecutive month of rising prices. | https://www.wjcl.com/article/inflation-news-online-shopping-prices-are-suddenly-falling-fast/40849950 | 2022-08-09T20:49:11Z | https://www.wjcl.com/article/inflation-news-online-shopping-prices-are-suddenly-falling-fast/40849950 | false |
Vision 2025 Plan launched to simplify business model and accelerate cost reduction, providing pathway for run-rate profitability by year-end 2022 and long-term value creation
- Revenue of $308.6 million, and diluted loss per share of $0.66, driven principally by lower origination volumes and profit margins, partially offset by higher servicing revenues.
- Expenses decreased by $45.6 million, or 8%, on pace to achieve targeted annualized expense savings of $375 million to $400 million during second half of 2022.
- Recorded $46.7 million in charges for impairment of goodwill, real estate and other intangible assets, as well as $6.0 million of severance, professional fees and other expenses related to Vision 2025.
- Strong balance sheet with unrestricted cash and equivalents totaling $954.9 million at June 30, 2022.
- Servicing portfolio grew to $155.2 billion, growing in-house servicing from 67% to 88% of UPB.
- Company makes strategic decision to exit wholesale business.
FOOTHILL RANCH, Calif., Aug. 9, 2022 /PRNewswire/ -- loanDepot, Inc. (NYSE: LDI), (together with its subsidiaries, "loanDepot" or the "Company"), a leading consumer lending and real estate services provider, today announced results for the second quarter ended June 30, 2022.
"Our second quarter results reflect the extremely challenging market environment that continues in our industry, which led to ongoing declines in our mortgage volumes and profit margins," said loanDepot President and Chief Executive Officer Frank Martell. "During the quarter we took aggressive actions that are part of our recently announced Vision 2025 plan, designed to address current and anticipated market conditions, achieve run-rate profitability exiting 2022 and position the company for long-term value creation. This plan was launched on the foundation of a strong balance sheet and ample liquidity.
"Importantly, Vision 2025 addresses today's challenges and future opportunities. Its four primary pillars are: 1) increasing focus on purchase transactions while serving increasingly diverse communities across the country, 2) executing previously announced growth-generating initiatives, 3) centralizing management of loan originations and loan fulfillment to enhance quality and effectiveness, and 4) aggressively right-sizing our cost structure.
"We have already made significant progress by consolidating management spans to create operating efficiencies and reducing headcount from approximately 11,300 at year-end 2021 to approximately 8,500 at the end of June, 2022, to approximately 7,400 at the beginning of August 2022. We are accelerating our execution of the plan and expect to end the third quarter of 2022 with headcount below our previously stated year-end goal of 6,500. In addition we are exiting our wholesale channel consistent with our strategy of becoming a more purpose-driven organization with direct customer engagement throughout the entire lending process. Our exit from wholesale will also enable us to direct resources to other origination channels, reduce operational complexities and increase margins.
"As we move into the second half of the year, we are confident in the growing momentum of our Vision 2025 plan and we look forward to sharing our progress in the coming months and beyond."
Second Quarter Highlights:
Financial Summary
Operational Results
- Pull through weighted lock volume of $12.4 billion for the three months ended June 30, 2022 resulted in quarterly total revenue of $308.6 million, a decrease of $194.7 million, or 39%, from the first quarter of 2022.
- Loan origination volume for the second quarter of 2022 was $16.0 billion, a decrease of $5.6 billion or 26% from the first quarter of 2022.
- Purchase volume increased to 59% of total originations.
- Market share decreased to 2.4%[1] due to the intense competitive pressure from decreasing origination volume.
- Gain on origination and sales of loans, net as well as gain on sale margin decreased from the first quarter of 2022 due primarily to lower pull through weighted lock volume and lower profit margins as a result of higher interest rates. The decrease was also due in part to an increase in provision for repurchases from $13.2 million in the first quarter of 2022 to $82.4 million in the second quarter of 2022. The increase was driven by increased market rates which have reduced the fair value of loans subject to repurchase that were originated in prior periods at lower interest rates.
- Cash-out refinance and purchase volume increased to 95% of total production during the second quarter of 2022 compared to 83% of total production during the first quarter of 2022 and 59% of total production during the second quarter of 2021, reflecting our strategy of reducing the volatility of our revenue by focusing on less interest rate sensitive mortgage products.
- For the twelve months ended June 30, 2022, our preliminary organic refinance consumer direct recapture rate[2] remained strong at 72%. This highlights the efficacy of our marketing efforts, the strength of our customer relationships, and the value of our servicing portfolio for additional revenue opportunities.
- Net loss for the second quarter of 2022 of $223.8 million as compared to net loss of $91.3 million in the prior quarter. Net loss increased quarter over quarter primarily due to the decrease in rate lock volume and gain on sale margin, partially offset by a decrease in total expenses.
- Adjusted LBITDA for the second quarter of 2022 was $191.5 million as compared to adjusted LBITDA of $74.4 million for the first quarter of 2022. Adjusted (LBITDA) EBITDA excludes the impact of fair value changes of our mortgage servicing rights, net of hedging results, impairment charges, and other operating expenses.
Our outlook for the third quarter of 2022 is
- Origination volume of between $5.5 billion and $10.5 billion.
- Pull-through weighted rate lock volume of between $5.5 billion and $10.5 billion.
- Pull-through weighted gain on sale margin of between 175 basis points and 225 basis points.
Vision 2025
Our previously announced Vision 2025 plan is designed to address current and anticipated mortgage market conditions and position loanDepot for sustainable long-term value creation. Building on the foundation of our strong balance sheet and liquidity, we are:
- Increasing our focus on purchase transactions while serving increasingly diverse communities across the country, in line with shifting home buyer demographics and with an increased focus on addressing persistent gaps in equitable housing through initiatives that expand access to credit while advancing the goal of growing our share of lending for purchase transactions and maintaining responsible management of credit risk;
- Executing previously announced growth-generating initiatives, including our unique, all-digital home equity line of credit (HELOC), which we intend to launch by fourth quarter 2022, and through continued investments in in-house servicing;
- Centralizing management of loan originations and loan fulfillment to enhance quality and effectiveness with a streamlined organizational structure better positioned for today's market. This involves:
• All mortgage origination functions will be led by LDI Mortgage President Jeff Walsh;
• All digital lending and mortgage-adjacent products and services will be led by LDI Digital Products and Services President Zeenat Sidi;
• All loan fulfillment and servicing functions will be led by LDI Managing Director of Operations and Servicing Dan Binowitz; - Aggressively rightsizing our cost structure through a program expected to generate approximately $375 - $400 million of annualized savings and expected run rate profitability exiting 2022, through headcount reduction, attrition, business process optimization, reduced marketing and third-party spending, and real estate consolidation.
Strategic Channel Overview
Our purpose driven origination strategy ensures we can serve customers in the way they want to be served, with the right mortgage professional, with the right product, at the right price, and at the right time. Complementing our origination strategy is our servicing portfolio, which ensures we can serve the customer through their entire mortgage journey.
Retail Channel
Partner Channel
Our Partner Channel originates loans through our network of approved mortgage brokers, as well as a series of exclusive joint ventures with some of the nation's largest homebuilders and depositories, who market our broad spectrum of products utilizing our innovative mello® technology platform to efficiently underwrite, process and fund mortgage loans, while delivering an exceptional customer experience.
The increase in the provision for repurchases was primarily allocated to the Retail Channel, negatively impacting the channel's gain on sale margin for the second quarter. The increase in the Partner Channel gain on sale margin for the quarter was primarily due to a mix shift in favor of joint venture volume.
Servicing
The increase in unpaid principal balance of our servicing portfolio was driven primarily by portfolio growth offset somewhat by sales of $3.8 billion of unpaid principal balance during the quarter.
As of June 30, 2022, approximately 0.4%, or $587.8 million, of our servicing portfolio was in active forbearance. This represents an aggregate decrease from 0.6%, or $898.5 million as of March 31, 2022.
Balance Sheet Highlights
The increase in cash and cash equivalents from March 31, 2022 included draws on our MSR secured borrowing facilities, loans sold in excess of loans originated during the quarter, and the proceeds from MSR sales. A decrease in loans held for sale at June 30, 2022, resulted in a corresponding decrease in the balance on our warehouse lines of credit. Total funding capacity with our lending partners decreased to $9.9 billion at June 30, 2022 from $10.9 billion at March 31, 2022. The decrease of $1.0 billion was primarily due to our decision to reduce our borrowing capacity, reflecting lower volume expectations. Available borrowing capacity was $5.5 billion at June 30, 2022.
Consolidated Statements of Operations
Consolidated Balance Sheets
Loan Origination and Sales Data
Second Quarter Earnings Call
Management will host a conference call and live webcast today at 5:00 p.m. ET on loanDepot's Investor Relations website, investors.loandepot.com, to discuss its earnings results.
The conference call can also be accessed by dialing (888) 440-6385 using conference ID number 2021948. Please call five minutes in advance to ensure that you are connected prior to the call. A replay of the webcast and transcript will also be made available on the Investor Relations website following the conclusion of the event, or can be accessed by dialing (800) 770-2030 following the conclusion of the event through September 8, 2022.
For more information about loanDepot, please visit the company's Investor Relations website: investors.loandepot.com.
Non-GAAP Financial Measures
To provide investors with information in addition to our results as determined by GAAP, we disclose certain non-GAAP measures to assist investors in evaluating our financial results. We believe these non-GAAP measures provide useful information to investors regarding our results of operations because each measure assists both investors and management in analyzing and benchmarking the performance and value of our business. They facilitate company-to-company operating performance comparisons by backing out potential differences caused by variations in hedging strategies, changes in valuations, capital structures (affecting interest expense on non-funding debt), taxation, the age and book depreciation of facilities (affecting relative depreciation expense), the amortization of intangibles, and certain historical cost or benefit items which may vary for different companies for reasons unrelated to operating performance. These non-GAAP measures include our Adjusted Total Revenue, Adjusted Net Income (Loss), Adjusted Diluted Earnings (Loss) Per Share, and Adjusted EBITDA (LBITDA). We exclude from each of these non-GAAP financial measures the change in fair value of MSRs and related hedging gains and losses as they add volatility and are not indicative of the Company's operating performance or results of operation. We also exclude stock compensation expense, which is a non-cash expense, management fees, IPO expenses, gains or losses on extinguishment of debt, non-cash goodwill impairment, and other impairment charges to intangible assets and operating lease right-of-use assets as management does not consider these costs to be indicative of our performance or results of operations. Adjusted EBITDA (LBITDA) includes interest expense on funding facilities, which are recorded as a component of "net interest income (expense)", as these expenses are a direct operating expense driven by loan origination volume. By contrast, interest expense on our non-funding debt is a function of our capital structure and is therefore excluded from Adjusted EBITDA (LBITDA). Adjustments for income taxes are made to reflect historical results of operations on the basis that it was taxed as a corporation under the Internal Revenue Code, and therefore subject to U.S. federal, state and local income taxes. These non-GAAP measures have limitations as analytical tools, and should not be considered in isolation or as a substitute for revenue, net income, or any other operating performance measure calculated in accordance with GAAP, and may not be comparable to a similarly titled measure reported by other companies. Some of these limitations are:
- they do not reflect every cash expenditure, future requirements for capital expenditures or contractual commitments;
- Adjusted EBITDA (LBITDA) does not reflect the significant interest expense or the cash requirements necessary to service interest or principal payment on our debt;
- although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced or require improvements in the future, and Adjusted Total Revenue, Adjusted Net Income (Loss), and Adjusted EBITDA (LBITDA) do not reflect any cash requirement for such replacements or improvements; and
- they are not adjusted for all non-cash income or expense items that are reflected in our statements of cash flows.
Because of these limitations, Adjusted Total Revenue, Adjusted Net Income (Loss), Adjusted Diluted Earnings (Loss) Per Share, and Adjusted EBITDA (LBITDA) are not intended as alternatives to total revenue, net income (loss), net income (loss) attributable to the Company, or Diluted Earnings (Loss) Per Share or as an indicator of our operating performance and should not be considered as measures of discretionary cash available to us to invest in the growth of our business or as measures of cash that will be available to us to meet our obligations. We compensate for these limitations by using Adjusted Total Revenue, Adjusted Net Income (Loss), Adjusted Diluted Earnings (Loss) Per Share, and Adjusted EBITDA (LBITDA) along with other comparative tools, together with U.S. GAAP measurements, to assist in the evaluation of operating performance. See below for a reconciliation of these non-GAAP measures to their most comparable U.S. GAAP measures.
Forward-Looking Statements
This press release may contain "forward-looking statements," which reflect loanDepot's current views with respect to, among other things, its business strategies, including the Vision 2025 plan, financial condition and liquidity, competitive position, industry and regulatory environment, potential growth opportunities, the effects of competition, operations and financial performance. You can identify these statements by the use of words such as "outlook," "potential," "continue," "may," "seek," "approximately," "predict," "believe," "expect," "plan," "intend," "estimate," "project," or "anticipate" and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as "will," "should," "would" and "could." These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions, including the risks in the "Risk Factors" section of loanDepot, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2021 and Quarterly Reports on Form 10-Q , which are difficult to predict. Therefore, current plans, anticipated actions, financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. loanDepot does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law.
About loanDepot
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster and less stressful to purchase or refinance a home. Today, as the nation's second largest retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional and national philanthropic efforts.
Investor Relations Contact:
Gerhard Erdelji
Senior Vice President, Investor Relations
(949) 822-4074
gerdelji@loandepot.com
Media Contact:
Rebecca Anderson
Senior Vice President, Communications & Public Relations
(949) 822-4024
rebeccaanderson@loandepot.com
LDI-IR
_________________________
1 Total market originations based on data as of July 18,2022, from the Mortgage Bankers Association
2 We define organic refinance consumer direct recapture rate as the total unpaid principal balance ("UPB") of loans in our servicing portfolio that are paid in full for purposes of refinancing the loan on the same property, with the Company acting as lender on both the existing and new loan, divided by the UPB of all loans in our servicing portfolio that paid in full for the purpose of refinancing the loan on the same property. The recapture rate is finalized following the publication date of this release when external data becomes available.
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SOURCE loanDepot, Inc. | https://www.kmvt.com/prnewswire/2022/08/09/loandepot-announces-second-quarter-2022-financial-results/ | 2022-08-09T20:52:37Z | https://www.kmvt.com/prnewswire/2022/08/09/loandepot-announces-second-quarter-2022-financial-results/ | false |
Vote now to pick winners in the 2022 readers’ choice awards
By USA TODAY NETWORK Ventures
Voting is now open for the 2022 readers’ choice awards.
Readers get to vote and decide which local businesses are the best at what they do. Categories include best restaurant, best clothing store, best place to take the kids, and more.
You have until Aug. 23 to pick your favorites. You can vote once per day.
When the winners have been picked, there will be a special section highlighting the best businesses, whether they won or were a finalist. This is a great section to keep around for those times you need a recommendation on where to eat, get a haircut and more.
Let’s celebrate our town and what makes it special. Vote today! | https://www.enterprisenews.com/story/business/2022/08/09/brockton-metro-south-readers-choice-awards-voting-2022/10274606002/ | 2022-08-09T20:53:03Z | https://www.enterprisenews.com/story/business/2022/08/09/brockton-metro-south-readers-choice-awards-voting-2022/10274606002/ | true |
TOKYO (AP) — Issey Miyake, who built one of Japan’s biggest fashion brands and was known for his boldly sculpted pleated pieces as well as former Apple CEO Steve Jobs’ black turtlenecks, has died. He was 84.
Miyake died Aug. 5 of liver cancer, Miyake Design Office said Tuesday.
Miyake defined an era in Japan’s modern history, reaching stardom in the 1970s among a generation of designers and artists who reached global fame by defining a Japanese vision that was unique from the West.
Miyake’s origami-like pleats transformed usually crass polyester into chic. He also used computer technology in weaving to create apparel. His down-to-earth clothing was meant to celebrate the human body regardless of race, build, size or age.
Miyake even detested being called a fashion designer, choosing not to identify with what he saw as a frivolous, trend-watching, conspicuous consumption.
Again and again, Miyake returned to his basic concept of starting with a single piece of cloth — be it draped, folded, cut or wrapped.
Over the years, he took inspiration from a variety of cultures and societal motifs, as well as everyday items — plastic, rattan, “washi” paper, jute, horsehair, foil, yarn, batik, indigo dyes and wiring.
He sometimes evoked images of Jimi Hendrix and Janis Joplin, or collaborated with Japanese painter Tadanori Yokoo in images of monkeys and foliage in vibrant, psychedelic hues.
He also collaborated with furniture and interior designer Shiro Kuramata, photographer Irving Penn, choreographer and director Maurice Bejart, pottery maker Lucie Rie and Ballet Frankfurt.
In 1992, Miyake was commissioned to design the official Olympic uniform for Lithuania, which had just gained independence from the Soviet Union.
Born in Hiroshima in 1938, Miyake was a star as soon as he hit the European runways. His brown top, which combined the Japanese sewn fabric “sashiko” with raw silk knit, was splashed on the cover of the September 1973 issue of Elle magazine.
Miyake was also a pioneer in gender roles, asking feminist Fusae Ichikawa in the 1970s — when she was in her 80s — to be his model, sending the message that garments must be comfortable and express the natural beauty of real people.
Although he made clothes that went beyond the mundane, appearing to reach for the spiritual, he made a point to never get pretentious, always approving of the T-shirt-and-jeans look.
“Designing is like a living organism in that it pursues what matters for its well-being and continuity,” Miyake once wrote in his book.
His office confirmed a private funeral had already been held and other ceremonies will not be held in accordance with Miyake’s wishes. Miyake kept his family life private, and survivors are not known.
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Yuri Kageyama is on Twitter at https://twitter.com/yurikageyama | https://www.pahomepage.com/entertainment-news/reports-famed-japanese-designer-issey-miyake-dies-at-84/ | 2022-08-09T20:54:09Z | https://www.pahomepage.com/entertainment-news/reports-famed-japanese-designer-issey-miyake-dies-at-84/ | false |
PANAMA CITY (AP) — Three migrants drowned while crossing into Panama from Colombia, authorities said Tuesday.
The dead included a 16-year-old Venezuelan woman, and two men, one from Colombia and one from Venezuela.
Panama’s National Immigration Service said the migrants were apparently carried away by the strong currents of the Rio Armila, just a few miles (kilometers) from the border with Colombia.
The accident occurred in an area near where the river runs into the sea, and where migrant smugglers frequently allow migrants to rest before continuing their journey. The three may have been taking a swim in the river to cool off.
Local residents and other migrants later recovered the bodies.
Hundreds of migrants are believed to have died making the overland crossing between the two countries through the Darien Gap, a roadless jungle area where thieves, swollen rivers, rough terrain and wild animals are frequent.
In June, Juan Manuel Pino, Panama’s security minister said the number of migrants crossing the Darien Gap has grown substantially.
In the first half of the year, 46,415 migrants were found crossing, compared to 26,216 detected in the same period of 2021.
That year, a total of 133,000 migrants passed through Panama, suggesting that this year’s total will be even higher. The majority of the migrants in 2021 were from Haiti, while authorities estimate the largest group this year are Venezuelans. | https://www.seattletimes.com/nation-world/world/3-migrants-drown-entering-panama-near-darien-gap/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_nation-world | 2022-08-09T20:57:00Z | https://www.seattletimes.com/nation-world/world/3-migrants-drown-entering-panama-near-darien-gap/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_nation-world | true |
CONCORD, N.H. (AP) —
A jury on Tuesday acquitted a commercial truck driver of causing the deaths of seven motorcyclists in a horrific head-on collision in northern New Hampshire that exposed fatal flaws in the processing of license revocations across states.
Volodymyr Zhukovskyy, 26, of West Springfield, Massachusetts, was found innocent on seven counts of manslaughter, seven counts of negligent homicide and one count of reckless conduct in connection with the June 21, 2019, crash in Randolph. Jailed since the crash, he appeared to wipe away tears as the verdict was read and briefly raised his index finger skyward before leaving the courtroom.
Jurors deliberated for less than three hours after a two-week trial during which prosecutors argued that Zhukovskyy, who had taken heroin, fentanyl and cocaine that day, repeatedly swerved back and forth before the head-on crash and told police he caused it. But a judge dismissed eight charges related to whether he was impaired, and his attorneys blamed the lead biker, Albert “Woody” Mazza, who was among those killed.
In closing statements Tuesday morning, the two sides raised questions about who was more “all over the place”: the trucker accused of swerving back and forth across the road or the eyewitnesses accused of contradicting each other.
“There is no doubt that this accident was a tragedy,” said defense attorney Jay Duguay Duguay said. “But we are not here to decide whether or not this was a tragedy.”
Duguay said Mazza was drunk and not looking where he was going when he lost control of his motorcycle and slid in front of Zhukovskyy’s truck. He also accused prosecutors of ignoring that their own accident reconstruction unit contradicted their theory that Zhukovskyy crossed into the oncoming lane. An expert hired by the defense, meanwhile, testified that the crash happened on the center line of the road and would have occurred even if the truck was in the middle of its lane because Mazza’s motorcycle was heading in that direction.
“From the beginning of this investigation, the state had made up their mind about what had happened, evidence be damned,” said Duguay, who also highlighted inconsistencies between witness accounts or when witnesses contradicted themselves.
“Those witnesses were all over the place about what they recalled and what they claimed to have seen,” he said.
In particular, Duguay suggested that members of the Jarheads Motorcycle Club “shaded” their accounts to protect Mazza and the club. Prosecutor Scott Chase acknowledged some inconsistencies, but asked jurors to remember the circumstances.
“People were covering the dead, trying to save the barely living, comforting the dying. This wasn’t story time,” he said. “They were up here talking about some of the most unimaginable chaos, trauma, death and carnage that we can even imagine three years later. They were talking about hell broke open.”
Witnesses were consistent, he argued, in describing the truck as weaving back and forth before the crash. That behavior continued “until he killed people,” Chase said.
“That’s what stopped him. It’s not that he made some responsible decision to start paying attention or do the right thing,” he said. “The only thing that stopped him was an embankment after he tore through a group of motorcycles.”
Chase called the attempt to blame Mazza a “fanciful story” and “frivolous distraction,” while reminding jurors of that Zhukovskyy, who didn’t testify at trial, told investigators “Obviously, I caused the crash.”
“He was crystal clear from the very beginning that he caused this crash,” Chase said. “That is what he said, because that is what happened.”
Zhukovskyy’s commercial driving license should have been revoked in Massachusetts at the time of the crash because of a drunken driving arrest in Connecticut about two months earlier.
Connecticut officials alerted the Massachusetts Registry of Motor Vehicles, but Zhukovkskyy’s license wasn’t suspended due to a backlog in out-of-state notifications about driving offenses. In a review, federal investigators found similar backlog problems in Rhode Island, New Hampshire and at least six other jurisdictions.
The motorcyclists who died were from New Hampshire, Massachusetts and Rhode Island and ranged in age from 42 to 62. They were part of a larger group that had just left a motel along U.S. Route 2 in Randolph.
Killed were Mazza, of Lee, New Hampshire; Edward and Jo-Ann Corr, a couple from Lakeville, Massachusetts; Michael Ferazzi, of Contoocook, New Hampshire; Desma Oakes, of Concord, New Hampshire; Daniel Pereira, of Riverside, Rhode Island; and Aaron Perry, of Farmington, New Hampshire.
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Associated Press Writer Kathy McCormack contributed to this report. | https://www.pahomepage.com/news/national/jury-deliberations-start-in-deadly-motorcycle-crash-trial/ | 2022-08-09T20:57:06Z | https://www.pahomepage.com/news/national/jury-deliberations-start-in-deadly-motorcycle-crash-trial/ | false |
NEW YORK — For much of the year, small cracks in Donald Trump's political support have been growing.
But after the FBI executed a search warrant at his Florida estate, the Republican Party unified swiftly behind the former president.
Florida Gov. Ron DeSantis, who likely represents Trump’s strongest potential primary challenger, described the Biden administration as a “regime” and called Monday’s Mar-a-Lago search for improperly taken classified documents “another escalation in the weaponization of federal agencies against the Regime’s political opponents.”
The GOP push to portray Trump as the victim of a politicized Justice Department ignored the potential criminal misconduct that justified the search in the eyes of a federal judge. It overlooked Trump’s role in hiring now-vilified FBI Director Chris Wray, who also served as a high-ranking official in a Republican-led Justice Department. The Biden White House, meanwhile, said it had no prior knowledge of the search.
But the robust defense serves as a fresh reminder of the former president’s enduring grip on the GOP, driven by an ability to use a sense of grievance among many Republican voters toward government and other institutions. Trump tapped into that animosity to overcome two impeachments and the fallout from an insurrection. His allies said on Tuesday that the FBI search would only strengthen his position again.
“Trump just won the 2024 primary,” pro-Trump commentator Jack Posobiec declared.
The FBI search also seemed to trigger a shift among Trump’s advisers, who had been privately urging him to wait until after the midterm elections to announce his intention to seek the presidency again. Suddenly, some of those same advisers were urging him to launch his campaign before the November elections.
Trump stoked such speculation in the hours after the search by posting a campaign-style video on social media. “The best is yet to come,” he said.
He followed up with a fundraising appeal, making it personal by declaring “it’s important that you know that it wasn’t just my home that was violated — it was the home of every patriotic American who I have been fighting for.”
In Columbia, South Carolina, Sen. Lindsey Graham said he spoke with Trump and felt sure another campaign was coming.
“One thing I can tell you,” Graham said. “I believed he was going to run before. I’m stronger in my belief now.”
Some of Trump’s most vocal Republican critics still shied away from embracing the former president. And it was unclear how rank-and-file Republican voters and independents frustrated by Trump’s divisive leadership might be moved by the new developments.
Former New Jersey Gov. Chris Christie, a former federal prosecutor and one of many Republicans considering a 2024 presidential bid, noted Tuesday that a federal judge had to sign off on the warrant.
“The former president is presumed innocent,” Christie said in an interview. “On the other hand, we can’t immediately impugn the motives of the prosecutors just because they’re from another political party.”
“It’s an extraordinary action. And there better be some pretty extraordinary facts to underlie it. If there are, then they have every right to do it.”
And some other Republican officials seemed to express continued concerns about Trump by refusing to weigh in at all.
The relatively short list of those GOP leaders who remained silent Tuesday afternoon was led by Senate Majority Leader Mitch McConnell, who has privately encouraged his party to move past Trump. A spokesman for Wyoming Rep. Liz Cheney, a leading voice on the committee investigating Trump’s role in the Jan. 6 Capitol attack, also declined to comment.
But the overwhelming majority — from House Republican Leader Kevin McCarthy to DeSantis, accused the Biden administration of “weaponizing” the Justice Department and ignored any potential wrongdoing by Trump.
“The GOP now fully embraces the notion that Trump should, indeed, be above the law, and that Trump 2.0 will be a bonfire of vengeance,” wrote Republican commentator Charlie Sykes, a frequent Trump critic.
Former Vice President Mike Pence, who is gearing up for a presidential run of his own, said he shared “the deep concerns of millions of Americans” over the search of Trump’s private residence.
Pence and Trump have clashed this midterm primary season over the direction of the GOP. Trump has refused to endorse anyone who does not aggressively promote his lie that the 2020 election was stolen. On Tuesday, Trump and Pence backed competing Republican candidates for Wisconsin governor.
Pence stopped short of attacking the FBI, however. Instead, he said Attorney General Merrick Garland should “give a full accounting to the American people as to why this action was taken and he must do so immediately.”
Other Republicans embraced a new call to “defund the FBI.” Two more potential Trump primary challengers, Sens. Tom Cotton of Arkansas and Josh Hawley of Missouri, did not go that far, but they aggressively condemned the Justice Department on Trump’s behalf.
Hawley called the search “an unprecedented assault on democratic norms and the rule of law.” He also called for Garland’s resignation or impeachment and the removal of FBI Director Wray.
Cotton said Garland had “weaponized” the Justice Department against his political enemies. “There will be consequences for this,” he warned.
Also from Arkansas, Gov. Asa Hutchinson, still another Republican weighing a 2024 run, called the search “unprecedented and alarming.” But like Pence, he added, “We must see the probable cause affidavit before making a judgment.”
The search intensified the months-long probe into how classified documents ended up in boxes of White House records located at Mar-a-Lago earlier this year. A separate grand jury is investigating efforts by Trump and allies to overturn the results of the 2020 presidential election.
In late June, long before the latest development, 48% of U.S. adults said that Trump should be charged with a crime for his role in the Jan. 6 attack on the Capitol, according to a poll from The Associated Press-NORC Center for Public Affairs Research.
Views on Trump’s criminal liability broke down predictably along party lines, with 86% of Democrats and 10% of Republicans saying Trump should be charged. Still, the fact that nearly half the country believed he should be prosecuted represents a remarkable position for the former president, pointing to the difficulties he could face in another White House run.
Former Trump adviser Sam Nunberg said Monday’s FBI search would almost certainly strengthen Trump’s standing among Republican primary voters, especially those Republicans who had begun to lean toward DeSantis or another fresh face. But if Trump is ultimately indicted for a federal crime related to the search, as Nunberg said he expects, the former president’s ability to win over a broader group of voters in the 2024 general election could take a major hit.
“Despite the fantasies of everyone from Sean Hannity to Steve Bannon, I can promise you that someone under indictment isn’t going to get elected president of the United States,” Nunberg said.
But on Tuesday, at least, the Republican Party was squarely behind Trump, its undisputed leader.
One of Trump’s most vocal supporters in Congress, Rep. Marjorie Taylor Greene of Georgia, almost seemed to thank the Justice Department for bringing her party together.
“I’ve talked a lot about the civil war in the GOP and I lean into it because America needs fearless & effective Republicans to finally put America First,” she tweeted. “Last night’s tyrannical FBI raid at MAR is unifying us in ways I haven’t seen.”
___
AP writers Jill Colvin and Meg Kinnard contributed to this report. | https://www.washingtonpost.com/politics/gop-rallies-around-trump-following-fbi-search-of-his-estate/2022/08/09/3b6fdf66-181c-11ed-b998-b2ab68f58468_story.html | 2022-08-09T20:57:16Z | https://www.washingtonpost.com/politics/gop-rallies-around-trump-following-fbi-search-of-his-estate/2022/08/09/3b6fdf66-181c-11ed-b998-b2ab68f58468_story.html | false |
WASHINGTON (AP) — Jill Biden is helping National Geographic promote its upcoming documentary series on U.S. national parks.
The first lady introduces each installment of “America’s National Parks,” a five-night series scheduled for broadcast on consecutive nights beginning Aug. 29.
She introduces the series from the Grand Canyon and encourages people to visit.
“America’s national parks are full of unrivaled beauty, geological wonders, cultural history and amazing wildlife,” she says in a video clip released Tuesday as National Geographic announced the series and her participation in the project.
“Each national park connects people to a piece of the American story, who we are and where we came from,” the first lady says. “With more than 400 national park sites, there are so many unique places in our country that are just waiting to be explored.”
Country music star Garth Brooks is executive producer and narrator of the series. Individual episodes feature the landscapes and wildlife inhabitants of Grand Canyon, Yosemite, Big Bend, Badlands and Hawaii Volcanoes national parks.
In conjunction with the first lady’s “Joining Forces” initiative for military and veteran families, National Geographic will also air a public service announcement during the series in which Biden reminds service members, veterans and their families of their free admission to all national parks.
The series kicks off National Geographic’s new event, America’s National Parks Week. | https://www.pahomepage.com/news/politics/jill-biden-helps-national-geographic-promote-national-parks/ | 2022-08-09T20:59:25Z | https://www.pahomepage.com/news/politics/jill-biden-helps-national-geographic-promote-national-parks/ | true |
SAN DIEGO, Aug. 9, 2022 /PRNewswire/ -- CV Sciences, Inc. (OTCQB:CVSI) (the "Company", "CV Sciences", "our", "us" or "we"), a preeminent supplier and manufacturer of hemp cannabidiol (CBD) products, today announced that it will release financial results for the second quarter ended June 30, 2022, before the stock market opens on Monday, August 15, 2022. The Company will hold a conference call with the investment community at 7:00 a.m. Pacific Time (10:00 a.m. Eastern Time) that same day.
The webcast of the conference call will be available on the Investor Relations section of the Company's website at https://ir.cvsciences.com/news-events or directly at https://viavid.webcasts.com/starthere.jsp?ei=1563741&tp_key=554963c027. The webcast will be archived for approximately 30 days. Investors interested in participating in the live call can also dial (877) 407-0784 from the U.S. or international callers can dial (201) 689-8560. Please dial the conference telephone number 15 minutes prior to the start time due to increased demand for conference calls.
A telephone replay will be available approximately two hours after the call concludes and will be available through Monday, August 22, 2022, by dialing (844) 512-2921 from the U.S. or (412) 317-6671 from international locations, and entering confirmation code 13732196.
CV Sciences, Inc. (OTCQB:CVSI) operates two distinct business segments: a consumer product division focused on manufacturing, marketing and selling plant-based dietary supplements and CBD products to a range of market sectors; and a drug development division focused on developing and commercializing CBD-based novel therapeutics. The Company's PlusCBD™ products are sold at select retail locations throughout the U.S. and it is one of the top-selling brand of hemp-derived CBD in the natural products market, according to SPINS, the leading provider of syndicated data and insights for the natural, organic and specialty products industry. CV Sciences follows all guidelines for Good Manufacturing Practices (GMP) and the Company's products are processed, produced, and tested throughout the manufacturing process to confirm strict compliance with company standards and specifications. With a commitment to science, PlusCBD™ product benefits in healthy people are supported by human clinical research data, in addition to three published clinical case studies available on PubMed.gov. PlusCBD™ was the first hemp CBD supplement brand to invest in the scientific evidence necessary to receive self-affirmed Generally Recognized as Safe (GRAS) status. CV Sciences, Inc. has primary offices and facilities in San Diego, California. Additional information is available from OTCMarkets.com or by visiting www.cvsciences.com.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risk and uncertainties.
CONTACT INFORMATION:
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SOURCE CV Sciences, Inc. | https://www.wymt.com/prnewswire/2022/08/09/cv-sciences-inc-announce-first-quarter-2022-results-august-15-2022/ | 2022-08-09T20:59:51Z | https://www.wymt.com/prnewswire/2022/08/09/cv-sciences-inc-announce-first-quarter-2022-results-august-15-2022/ | true |
By AARON MORRISON
Associated Press
NEW YORK (AP) — Spider-Man fandom is in Tyler Scott Hoover’s blood — but not because he was bitten by an irradiated arachnid. His father had collected Marvel comic books featuring the character since the 1970s.
“He passed down a ton of comics to me,” says Hoover, 32, of Glen Burnie, Maryland. “It kind of makes it almost like a religion. It would have been hard for me not to become a fan of Spider-Man.”
There are legions of fans of Spider-Man, who this month marks 60 years in the vast, imaginative world of comic books, movies and merch. Among those fans are are devotees like Hoover, a professional Spider-Man cosplayer and model who doesn’t resemble the longtime “canon” presentation of the character. However, in the cinematic and comics universes, a Black Spider-Man is now reality.
Hoover is biracial — of Black and white ancestry — and stands at 6 feet 2 inches. And the story of his fandom illustrates an important point about New York City’s favorite super-powered wall-crawler: The appeal of the character long ago transcended its original iteration as a white, unimposing, orphaned teenager.
The Spider-Man character’s classic costume, complete with wide-eyed and web-patterned mask, is a key ingredient to the character’s appeal across race, gender and nationality. Almost anyone can imagine themselves behind it as this everyman — an underestimated smartypants who, after a quick change into head-to-toe spandex, becomes a force for good.
“The older I got, slowly but surely, I saw how relatable the character was,” Hoover says. “He had to work through his struggles while still maintaining a secret identity and doing good for the people. That kind of moral compass is powerful, especially for an impressionable mind.”
More importantly, Hoover says, it’s Spider-Man’s struggle to protect his hometown that makes the character more believable than superheroes whose origin stories include wealth and influence. No coincidence, surely, that he refers to himself as “your friendly neighborhood Spider-Man.”
Created by the late Stan Lee and Steve Ditko, Spider-Man appeared in comics as early as June 1962, although the canon date of his debut is Aug. 10, 1962, in Marvel’s Amazing Fantasy #15. Peter Parker, a high schooler bitten by a spider from a science experiment, developed superhuman strength, the ability to cling to solid surfaces and fast reflexes aided by the ability to sense and anticipate danger.
But on his journey to becoming a superhero, Parker fails to stop a burglar who kills his Uncle Ben, leaving his adoptive aunt widowed. The character then strives to honor the words etched at the end of that debut issue, later attributed to his uncle: “With great power, there must also come great responsibility.”
Racially and culturally diverse superheroes, generally absent from the mainstream comics scene during its first decades, began to emerge in the years after Spider-Man’s debut, particularly at Marvel.
In 1966, Black Panther, also known as Prince T’Challa of the fictional and reclusive African nation of Wakanda, became the first Black Marvel comic superhero. Debuting in the 1970s were characters such as Storm, the mutant goddess most known as a member of Marvel’s X-Men; Luke Cage, Marvel’s formerly imprisoned Black Harlemite with superhuman strength and nearly impenetrable skin; Shang-Chi, the master martial artist who is among the first Asian Marvel superheroes; and Red Wolf, the expert archer and first Native American Marvel superhero.
“Sometimes when we think of superheroes, we think of billionaires in suits, brilliant scientists or Norse gods,” says Angélique Roché, host of the podcast “Marvel’s Voices” and co-author of the upcoming book “My Super Hero Is Black.”
Spider-Man turned the idea of mostly privileged humans using their wealth and power to become heroes on its head, she says. Spider-Man iterations, in the comics and in film, have appeared across multiple universes, or the so-called “spiderverse.” Miles Morales, a teenage, Afro Latino Spider-Man, has become wildly popular and starred in his own animated feature film. Cindy Moon, a Korean-American known as Silk, was bitten by the same spider as Peter Parker.
“Because Spider Man means so much to us, we should always be open to the possibilities,” Roché says. “We should always hope and believe that there’s never going to be a dearth of people who want to fight for what’s right.”
In July, Spider-Man was inducted into the Comic-Con Hall of Fame during the annual convention in San Diego. Fans flooded the convention hall in costumes that spanned various iterations of the character.
Because of the mask, Spider-Man has been a safer choice for cosplayers hoping to avoid the staunch purists, or those who criticize others for deviating from canonized representations of superheroes. But cosplay doesn’t have to be canon, says Andrew Liptak, a historian and author of the book “Cosplay, a History: The Builders, Fans, and Makers Who Bring Your Favorite Stories to Life.”
“Ultimately, it’s about your relationship to the character,” he says. “You’re literally wearing your fandom on your sleeves.”
Liptak also says it’s unfair to expect fans of color to dress up only as superheroes whose appearance or skin color matches their own.
In the recent film “Spider-Man: No Way Home,” Electro, the villain played by Academy Award-winning actor Jamie Foxx, joked to Andrew Garfield’s Spider-Man that he was surprised Spider-Man wasn’t Black. Whether or not that opens the door to a live-action Black Spider-Man in future films, Hoover says Spider-Man should never be boxed into just one look.
“You will get those who argue, if you turn Spider-Man Black then you can turn T’Challa white,” Hoover says. “Spider-Man was never really defined by his ethnicity, but more so his social status and the struggles he went through. That’s even more relatable for people of color and different ethnicities, because there’s a lot of struggle involved in life that you have to persevere through.”
___
Aaron Morrison is a New York-based member of the AP’s Race and Ethnicity team. Follow him on Twitter: https://www.twitter.com/aaronlmorrison
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. | https://wtmj.com/entertainment/2022/08/09/as-spider-man-turns-60-fans-reflect-on-diverse-appeal/ | 2022-08-09T21:02:34Z | https://wtmj.com/entertainment/2022/08/09/as-spider-man-turns-60-fans-reflect-on-diverse-appeal/ | false |
NPR's Ari Shapiro talks with Atlantic immigration reporter Caitlin Dickerson about her extensive investigation into the Trump administration's family separation policy.
Copyright 2022 NPR
NPR's Ari Shapiro talks with Atlantic immigration reporter Caitlin Dickerson about her extensive investigation into the Trump administration's family separation policy.
Copyright 2022 NPR | https://www.wvasfm.org/politics/politics/2022-08-09/investigation-reveals-how-government-bureaucracy-failed-to-stop-family-separations | 2022-08-09T21:02:41Z | https://www.wvasfm.org/politics/politics/2022-08-09/investigation-reveals-how-government-bureaucracy-failed-to-stop-family-separations | false |
Which carpet cleaning solution is best?
Whether you’re working on getting out a tough stain or your carpets just need a refresher, you’ll need a carpet cleaning solution. Depending on the soil level, type of carpet and age of the stain, different solutions will work better than others.
Of the many solutions on the market, you can’t go wrong with Carpet Miracle Carpet Cleaner and Deodorizer, especially for pet owners. It’s praised for its ability to lift serious stains and odors while being nontoxic and eco-friendly.
This article was reviewed and approved by Ketia Daniel, the BestReviews Cleaning Expert.
What to know before you buy a carpet cleaning solution
Stain type
- Water-soluble stains: These are stains made by substances that can dissolve in water. Examples are mud, dirt and coffee. When choosing a solution for a water-soluble stain, check the water content of the solution before you purchase it.
- Oil-based stains: Like from grease or lipstick, oil-based stains can be tricky. One reason for this is that fats are attracted to other fats. Since synthetic carpet often has petroleum content, it acts like a magnet for oil-based stains. An alcohol-based cleaner is your best bet, although it’s recommended you first treat the spot with baking soda or cornstarch to soak up as much of the oil as possible.
- Protein-based stains: These include milk and blood. It’s important to remember heat and acid make protein-based stains even darker. You must use cold water and an enzymatic cleaner to lift a protein-based stain.
Cleaning solution type
All carpet cleaners use some sort of surfactant. Because of the science behind surfactants, they have the ability to lift dye from certain fibers, so knowing your carpet’s fiber type is critical.
Oxidizers are a popular option because they are safer on dyed fibers. They work by pushing out the chromophore — the part of the molecule that creates a color — using oxygen molecules. In a way, a gentle oxidizer essentially bleaches a surface stain without removing the deeply-set dyes. These include things such as sodium percarbonate (better known as OxiClean) or weak hydrogen peroxide. As great as oxidizers are, be careful with natural fibers such as wool or silk. Oxidizers can weaken the fibers themselves, leading to breakage.
The harshest type of carpet cleaning solution is an alcohol or acid-based solution. A good example is white vinegar. Alcohol and acid-based cleaners use brute force to dissolve and corrode the stain. If you ever need to use one of these, always dilute them by mixing one part cleaner to at least two parts water.
Active ingredients
Always check the ingredients, specifically the active ingredients, on a cleaner before you buy it. That lets you know whether it will work for the stain you’re working on and how it will impact your carpet fibers.
Compatibility
If you’re using a carpet cleaning machine to clean your floors, check whether the solution you’re considering is compatible with your machine. Most have compatible machines labeled, but if they don’t, always follow the instructions carefully.
Carpet material
Double-check with your home builder about what type of fiber your carpet is. Different cleaners can damage your carpets, depending on the type of fiber. To be safe, always do a spot check when using a new cleaner.
What to look for in a quality carpet cleaning solution
Enzymatic
Going with a cleaner that is in some part enzymatic will speed up the cleaning process. It’s also a great option for pet stains, protein-based stains and tough odors. Many all-in-one cleaners have an enzymatic component now.
Pet- and kid-safe
If you have pets or kids in the house, make sure you find a carpet cleaning solution that is labeled as pet-safe, kid-safe or nontoxic.
High-concentration formulas
If you can find a solution that has a high-concentration formula, give it a second glance. These typically last longer because you need less to dilute it and they are often stronger. You can customize how much you use if you have an especially deep stain.
Non-foaming
Look for a solution that is non-foaming. With a foaming solution, you run the risk of residue being left on your carpet. The residue will attract dirt and dust, eventually making the stain seem to reappear simply because of the residue.
High pH
A higher pH level in your cleaning solution means you have a more basic chemical formula. The higher the pH, the better the solution will bond with an acidic organic material such as coffee, grease and dirt. This makes lifting the stain easier.
How much you can expect to spend on a carpet cleaning solution
For a quality carpet cleaning solution, plan on spending $15-$50 depending on the size of the bottle and formula you choose.
Carpet cleaning solution FAQ
What is the best carpet cleaning solution?
A. The best carpet cleaning solution really depends on the type of stain or soiled carpet you’re dealing with. For example, a protein-based stain would benefit most from an enzymatic cleaner while an oxidizer is great for synthetic, dyed carpets. In general, a great all-purpose cleaner works for general cleaning.
Does vinegar harm carpet?
A. While vinegar is safe to use on stains after it’s been diluted, it can still pose a threat to natural-fiber carpets such as wool or silk. The acid in the vinegar can damage the structural integrity of the natural fibers, sometimes permanently. Always spot-check in a discreet area before using a solution on the rest of your carpet.
What’s the best carpet cleaning solution to buy?
Top carpet cleaning solution
Carpet Miracle Carpet Cleaner and Deodorizer
What you need to know: This is an enzymatic cleaner that users love, especially those with pets.
What you’ll love: This is touted as a “miracle” for pet owners who have tried everything else. You can use it in either a machine or as a spot treatment and it even has a 100-percent satisfaction guarantee. It’s also safe for kids and pets.
What you should consider: It does have a minty fragrance that may be overwhelming for some.
Where to buy: Sold by Amazon.
Top carpet cleaning solution for the money
Zep All-Purpose Carpet Shampoo
What you need to know: For a strong all-purpose cleaner on a budget, this is the solution for you.
What you’ll love: Full of industrial-strength cleaners, this all-purpose carpet shampoo is well-loved for its effectiveness. It’s great for general carpet cleaning, as well as treating spots with a carpet cleaner.
What you should consider: This is meant to be used in a carpet cleaning machine so you’ll need to have one.
Where to buy: Sold by Amazon and Home Depot.
Worth checking out
Nature’s Miracle Stain and Odor Remover Carpet Shampoo
What you need to know: Another highly effective enzymatic cleaner, this is made for tackling tough, smelly pet stains.
What you’ll love: If you have pets, you need this on your shelf. It’s enzymatic formula eats away the stains and odors from pet messes. It’s recommended that you shake the bottle before use to activate the enzymes.
What you should consider: It has an ammonia-like smell some won’t be able to tolerate.
Where to buy: Sold by Amazon, Chewy and Home Depot.
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Kasey Van Dyke writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://www.cenlanow.com/reviews/br/home-br/cleaning-tools-supplies-br/best-carpet-cleaning-solution/ | 2022-08-09T21:04:28Z | https://www.cenlanow.com/reviews/br/home-br/cleaning-tools-supplies-br/best-carpet-cleaning-solution/ | false |
SACRAMENTO (AP) _ The winning numbers in Tuesday afternoon's drawing of the California Lottery's "Daily 3 Midday" game were:
6-1-6
(six, one, six)
SACRAMENTO (AP) _ The winning numbers in Tuesday afternoon's drawing of the California Lottery's "Daily 3 Midday" game were:
6-1-6
(six, one, six) | https://www.stamfordadvocate.com/lottery/article/Winning-numbers-drawn-in-Daily-3-Midday-game-17362443.php | 2022-08-09T21:05:31Z | https://www.stamfordadvocate.com/lottery/article/Winning-numbers-drawn-in-Daily-3-Midday-game-17362443.php | false |
MADISON, Wis. (AP) _ The winning numbers in Tuesday afternoon's drawing of the Wisconsin Lottery's "Pick 4 Midday" game were:
5-1-5-2
(five, one, five, two)
MADISON, Wis. (AP) _ The winning numbers in Tuesday afternoon's drawing of the Wisconsin Lottery's "Pick 4 Midday" game were:
5-1-5-2
(five, one, five, two) | https://www.stamfordadvocate.com/lottery/article/Winning-numbers-drawn-in-Pick-4-Midday-game-17362292.php | 2022-08-09T21:05:44Z | https://www.stamfordadvocate.com/lottery/article/Winning-numbers-drawn-in-Pick-4-Midday-game-17362292.php | false |
Good inflation news: Online shopping prices are suddenly falling fast
Video above: Prices start to fall at gas pumps
The world of online shopping was long immune to inflation until COVID-19 turned everything upside down.
E-commerce prices began rising in June 2020, beginning an unprecedented stretch of 25 consecutive months of increases that underscored the severe price pressures hitting the U.S. economy.
That streak has finally ended. Online prices declined by 1% year-over-year in July, snapping a string of nearly two years of persistent inflation, according to a report released Tuesday by Adobe.
The shift is even more pronounced on a month-over-month basis where online prices dropped by 2% in July, Adobe said.
The findings bode well for the inflation crisis, signaling a potential easing of the pricing pressures that have squeezed consumers and raised recession fears.
Of course, it may take considerable time before inflation gets anywhere back to normal levels, and Adobe noted that online grocery prices continue to surge.
Inflation remains way too high across the U.S. economy.
Consumer prices surged by 9.1% year-over-year in June, the biggest increase in more than 40 years. A new report due out on Wednesday is expected to show inflation eased in July, though remained uncomfortably high at 8.7%.
While cooling inflation would be a positive development, the factors behind the pricing shift online may not be great news. Adobe pointed to a combination of "wavering consumer confidence and a pullback in spending" as well as oversupply by some retailers.
Walmart, Target and Best Buy have all recently warned of an inventory glut that is eating into profits and prompting price cuts.
The online deflation was led by a 9.3% year-over-year plunge in electronics prices, Adobe said, the area consumers spend the most.
Beyond electronics, online prices for toys fell sharply by 8.2% in July, the most since late 2019, according to Adobe.
Online prices for apparel rose for 14 consecutive months until June, when they dipped 0.1% year-over-year, Adobe said. That deflationary shift continued in July as online apparel prices fell by 1% year-over-year and by 6.3% month-over-month.
Walmart in particular called out apparel as an area where the retail leader is being forced to mark down inventory.
Although deflation has returned to online shopping overall, Adobe found online prices moved in the wrong direction in a few key categories.
Online grocery prices surged by 13.4% year-over-year in July, marking a new record, the report found. That is an acceleration from the previous records of 10.3% in April and 11.7% in May.
Similarly, Adobe said prices for pet products online jumped by 12.6% year-over-year, marking a record and the 27th consecutive month of rising prices. | https://www.wisn.com/article/inflation-news-online-shopping-prices-are-suddenly-falling-fast/40849950 | 2022-08-09T21:05:55Z | https://www.wisn.com/article/inflation-news-online-shopping-prices-are-suddenly-falling-fast/40849950 | true |
Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For July 2022
Published: Aug. 9, 2022 at 3:24 PM CDT|Updated: 43 minutes ago
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $94.0 billion as of July 31, 2022, an increase of $6.1 billion from assets under management at June 30, 2022. The increase was due to net inflows of $327 million and market appreciation of $6.0 billion, partially offset by distributions of $183 million.
About Cohen & Steers
Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.
View original content:
SOURCE Cohen & Steers, Inc.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.ktre.com/prnewswire/2022/08/09/cohen-amp-steers-announces-preliminary-assets-under-management-net-flows-july-2022/ | 2022-08-09T21:07:20Z | https://www.ktre.com/prnewswire/2022/08/09/cohen-amp-steers-announces-preliminary-assets-under-management-net-flows-july-2022/ | false |
analysis: With Batgirl cancelled, here are five other films we will never get to see
Batgirl has become the latest film to be added to a growing list of movies we will never get to see. The US$90 million film had been shot and largely edited, but now the whole thing will be consigned to the cutting room floor.
Warner Brothers CEO David Zaslav stated the decision to cancel the film was due to a redirection of the company strategic vision — a discouraging, but often used corporate rationale when Hollywood studios believe they will make a better financial return on a film by writing it off as a loss instead of releasing it.
Batgirl isn't the first film to be scrapped in the history of the movie business.
Infamous examples include Terry Gilliam's The Man Who Killed Don Quixote and Alejandro Jodorowsky's plan for a 14-hour version of Dune.
Here are five other films that didn't make it onto our screens… at least not yet.
1. Superman Lives
Starring Nicholas Cage as the "man of steel", Superman Lives also met its untimely end at Warner Brothers.
Kevin Smith (of Clerks fame) was commissioned to rewrite a Superman script in the mid-90s.
It seemed to be doomed from the beginning with producer Jon Peters reportedly suggesting this Superman shouldn't fly or wear his famous suit. Smith then got ousted from the project once Tim Burton signed on to direct, with Burton insisting on making his own version of the story.
Three drafts later and with a budget that had almost doubled to around US$200 million the studio put the film on hold.
Both Burton and Cage eventually pulled out of the project, although Cage stated this Superman film would have been the best one ever.
2. Revenge of the Jedi
Imagine if Star Wars Episode VI: Return of the Jedi opened with a family of Ewoks sitting silently in a retro lounge room, or a scene where Jabba the Hutt and Bib Fortuna merge bodies in a grotesque sarlacc pit accident.
This is what could have been if Revenge of the Jedi were made.
Both David Lynch and David Cronenberg were listed as potential directors for the third instalment of George Lucas' saga.
Some accounts of the story suggest Lynch turned it down to do Dune, while Cronenberg cited his youthful arrogance and lack of interest in doing other people's material.
Richard Marquand went on to direct the retitled film, so we are left to wonder what surreal nightmare it could have been.
3. Uncle Tom's Fairy Tales
This 1968 film, directed by then film student Penelope Spheeris (Wayne's World) and starring Richard Pryor, told the story of a wealthy white man abducted and put on trial by the Black Panthers for all the racial crimes that occurred throughout US history.
With the film near complete, Pryor and his then wife, Shelley Bonus, got into a heated argument where she reportedly accused him of being more interested in the film than in her. Pryor responded by destroying the only negative of the film.
Fragments of the film remained, which Spheeris screened at a 2005 retrospective tribute to Pryor. The fragments became the subject of a lawsuit filed by Pryor's seventh wife, Jennifer Lee, arguing Spheeris and Pryor's daughter had together stolen the negative.
As of 2021, the lawsuit was still pending.
4. Who Killed Bambi?
Named after their song Who Killed Bambi?, the Sex Pistols were the subject of a feature film set for release in 1978. Written by Roger Ebert and directed by Russ Meyer, the film was to be a vehicle for the Pistols to break through into the US market.
Fox Studios shut down production after the first day of shooting, with executives and Fox shareholder, Princess Grace of Monaco, concerned about making another Meyer sexploitation film. There were also issues with a lack of funding and infighting between the band, filmmakers and band manager, Malcolm McLaren.
The film was no more, but the screenplay can still be found on Ebert's website.
5. 100 Years
Robert Rodriguez's 100 Years makes the list for a different reason. Intriguingly, the film has a planned release date of 2115 — 100 years after its completion.
Perhaps not so intriguingly the film is said to have been "inspired by the century of careful craftsmanship it takes to create each decanter of Louis XIII Cognac" — making it seem more like a marketing gimmick than an experiment in exhibition.
The only copy of the physical film was displayed in a custom made safe at the 2016 Cannes Film Festival, due to open automatically on November 18 2115.
Written by and starring John Malkovich, the film imagines Earth in 100 years. Secrecy surrounds further details on the film's story and whether the filmmakers' have predicted an authentic vision of the future.
We can safely assume cognac will make a cameo, but most of us will never know.
Sian Mitchell is a lecturer in film, television and animation at Deakin University. This piece first appeared on The Conversation. | https://www.abc.net.au/news/2022-08-10/batgirl-movie-cancelled-other-films-cutting-room-floor/101316308 | 2022-08-09T21:08:31Z | https://www.abc.net.au/news/2022-08-10/batgirl-movie-cancelled-other-films-cutting-room-floor/101316308 | false |
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Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Launching refurbished products and trade-in, Oliver Space brings the full cycle of furniture under one roof
SAN FRANCISCO, Aug. 9, 2022 /PRNewswire/ -- Oliver Space, a technology-enabled furniture company offering a fully circular consumer furnishing experience from purchase to trade-in, today announced it has raised $36M in funding.
The financing was led by Union Grove Venture Partners, with participation from new and existing investors including Mayfield Fund, USVP, Expa Capital, Abstract Ventures, LG Technology Ventures, and Avenue Capital Group.
"For decades, the furnishing experience has been excruciating for consumers, and it starts with the broken cycle of furniture," says Chan Park, CEO and co-founder of Oliver Space. "Consumers wait months for expensive furniture to arrive, and are faced with a laborious used furniture resale experience that leads many to throw pieces out on the street. Furniture is America's largest imported consumer product category, yet at the same time it is the second largest source of urban waste, with 20 billion pounds of furniture going to landfills every year."
Oliver Space has redesigned this broken cycle by building a fully circular shopping experience. Users can select new or refurbished furniture, with multiple condition options, and schedule delivery for as soon as three days. Products can then be traded in for credit and picked up for free. Oliver technicians meticulously clean and repair returned items before making them available at a 20-50% discount. All deliveries and pickups include expert assembly and disassembly.
Oliver Space's announcement offers a solution for consumers amidst challenges to the furniture industry. As the annual inflation rate reaches 9%, furniture prices have soared 15% year-over-year, further exacerbated by supply chain disruptions. Oliver Space's innovative offering is proving to be purpose-built for these volatile times, as the company's revenue grew nearly 5x in the last year.
"Oliver Space is the only company that ensures a consistent assortment of new and refurbished items at various price points, fast white-glove delivery and assembly on every order, and a seamless trade-in experience," Park explains. "This way, Oliver has the unique ability to give consumers what they want: affordable furniture without sacrificing quality, style, or time."
Oliver Space has reimagined home furnishing since launching in 2019. Based in San Francisco, Oliver Space also services Los Angeles, Seattle, San Diego, Austin, and Dallas. Find Oliver Space at www.oliver.space and @oliver.space.
Media Contact
Olivia Whitener
press@oliver.space
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SOURCE Oliver Space | https://www.ktre.com/prnewswire/2022/08/09/oliver-space-announces-36m-new-funding-redesign-broken-cycle-buying-discarding-furniture/ | 2022-08-09T21:10:46Z | https://www.ktre.com/prnewswire/2022/08/09/oliver-space-announces-36m-new-funding-redesign-broken-cycle-buying-discarding-furniture/ | true |
Launching refurbished products and trade-in, Oliver Space brings the full cycle of furniture under one roof
SAN FRANCISCO, Aug. 9, 2022 /PRNewswire/ -- Oliver Space, a technology-enabled furniture company offering a fully circular consumer furnishing experience from purchase to trade-in, today announced it has raised $36M in funding.
The financing was led by Union Grove Venture Partners, with participation from new and existing investors including Mayfield Fund, USVP, Expa Capital, Abstract Ventures, LG Technology Ventures, and Avenue Capital Group.
"For decades, the furnishing experience has been excruciating for consumers, and it starts with the broken cycle of furniture," says Chan Park, CEO and co-founder of Oliver Space. "Consumers wait months for expensive furniture to arrive, and are faced with a laborious used furniture resale experience that leads many to throw pieces out on the street. Furniture is America's largest imported consumer product category, yet at the same time it is the second largest source of urban waste, with 20 billion pounds of furniture going to landfills every year."
Oliver Space has redesigned this broken cycle by building a fully circular shopping experience. Users can select new or refurbished furniture, with multiple condition options, and schedule delivery for as soon as three days. Products can then be traded in for credit and picked up for free. Oliver technicians meticulously clean and repair returned items before making them available at a 20-50% discount. All deliveries and pickups include expert assembly and disassembly.
Oliver Space's announcement offers a solution for consumers amidst challenges to the furniture industry. As the annual inflation rate reaches 9%, furniture prices have soared 15% year-over-year, further exacerbated by supply chain disruptions. Oliver Space's innovative offering is proving to be purpose-built for these volatile times, as the company's revenue grew nearly 5x in the last year.
"Oliver Space is the only company that ensures a consistent assortment of new and refurbished items at various price points, fast white-glove delivery and assembly on every order, and a seamless trade-in experience," Park explains. "This way, Oliver has the unique ability to give consumers what they want: affordable furniture without sacrificing quality, style, or time."
Oliver Space has reimagined home furnishing since launching in 2019. Based in San Francisco, Oliver Space also services Los Angeles, Seattle, San Diego, Austin, and Dallas. Find Oliver Space at www.oliver.space and @oliver.space.
Media Contact
Olivia Whitener
press@oliver.space
View original content to download multimedia:
SOURCE Oliver Space | https://www.wsaz.com/prnewswire/2022/08/09/oliver-space-announces-36m-new-funding-redesign-broken-cycle-buying-discarding-furniture/ | 2022-08-09T21:10:48Z | https://www.wsaz.com/prnewswire/2022/08/09/oliver-space-announces-36m-new-funding-redesign-broken-cycle-buying-discarding-furniture/ | true |
NEWPORT, R.I., Aug. 9, 2022 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended June 30, 2022.
(As compared to the Second Quarter 2021)
- Total revenue increased 34% year over year to $195.5 million; voyage revenue increased 48% year over year
- Net income attributable to Pangaea increased 30% year over year to $25.0 million, or $0.56 per diluted share
- Adjusted EBITDA increased 107% year over year to $44.2 million
- Operating cash flow increased 155% year over year to $37.2 million
- TCE rates earned by Pangaea increased 29% year over year to $27,139 per day
- Cash and equivalents increased 152% year over year to $102.2 million
For the second quarter ended June 30, 2022, Pangaea reported net income of $25.0 million, or $0.56 per diluted share, on total revenue of $195.5 million. Second quarter revenue increased by more than 34% on a year-over-year basis, due mainly to a 29% increase in daily Time Charter Equivalent (TCE) rates. Total shipping days, which include both voyage and time charter days, remained essentially flat at 4,703 in the second quarter 2022, versus 4,723 days in the prior-year period, including a 16% increase in voyage days. Vessel operating expenses, net of management fees per day, decreased 1% to $5,198 in the second quarter 2022, versus $5,254 in the prior-year period.
The TCE rate was $27,139 per day for the three months ended June 30, 2022, compared to an average of $21,053 per day for the same period in 2021. During the second quarter 2022, the Company's average TCE rate exceeded the benchmark average Baltic Panamax and Supramax indices by approximately 4%, as supported by Pangaea's long-term contracts of affreightment ("COAs"), specialized fleet and cargo-focused strategy.
As of June 30, 2022, the Company had $102.2 million in cash and equivalents and total debt, including lease finance obligations, of $305 million. At the end of the second quarter 2022, the ratio of net debt to trailing twelve-month adjusted EBITDA was 1.4x. During the first half of 2022, the Company repaid $9.0 million of long-term debt and $7.8 million of finance leases and paid $5.6 million of cash dividends. The Company's Board of Directors declared a quarterly cash dividend of $0.075 per common share, to be paid on September 15, 2022, to all shareholders of record as of September 1, 2022.
Pangaea remains committed to developing a leading dry bulk logistics and transportation services company of scale, providing its customers with specialized shipping and supply chain and logistics offerings in commodity and niche markets, which drive premium returns measured in time charter equivalent per day.
Leverage integrated shipping and logistics model. In addition to operating the largest high ice class dry bulk fleet globally, Pangaea also performs stevedoring services, together with port and terminal operations capabilities. During the second quarter, Pangaea's ports and logistics group, along with joint venture partners, performed stevedoring, storage and transfer services in Sabine, Texas for a new customer transporting parts for solar arrays; provided stevedoring services for two vessels in the Mississippi River and contracted several voyages of cargo for a new customer served on the east coast of the U.S. The Company is also actively pursuing new stevedoring opportunities across multiple ports in Texas.
Continue to drive strong fleet utilization. Presently, Pangaea's ten ice class 1A panamax and post-panamax vessels are fully deployed and trading in the Arctic under ten-year contracts that utilize approximately 35% of annual available days. This is the first year of full operation of all four post-panamax ships that the Company built specifically for this service, which were delivered in 2021.
Continue to upgrade fleet, while divesting of older, non-core assets. In June 2022, Pangaea completed the renewal of its bauxite shuttle fleet, selling the vessel Bulk Pangaea after taking delivery of the Bulk Concord in the first quarter of 2022. The ships making up this shuttle fleet of three vessels, which continuously serve an important customer's industrial needs, are planned to fulfill the remaining ten years under the customer contract.
"Our strong second quarter results demonstrate continued execution on our long-term strategy, one that emphasizes profitable growth within niche, higher-margin dry bulk shipping and logistics markets," stated Mark Filanowski, Chief Executive Officer of Pangaea Logistics Solutions. "We delivered strong year-over-year growth in both revenue and net income while generating record second quarter adjusted EBITDA, driven by a significant year-over-year increase in TCE rates and strong fleet utilization."
"At a macro level, global shipping capacity remains constrained, resulting in market rates that remain well above historical averages," continued Filanowski. "We expect global capacity will be further restricted by upcoming IMO emissions requirements coming into effect in January 2023, which seek to reduce the carbon intensity of the shipping industry. For our part, the Pangaea fleet will be fully compliant ahead of the IMO 2023 mandate, positioning us to maintain a consistent level of performance during the transition. We are studying ways to make our ships even more efficient, opportunities that we expect could drive further improvements in profitability, over time."
"Entering what is typically the seasonally strongest quarter of the year for our business, we remain well-positioned to capitalize on favorable market conditions," noted Filanowski. "We will continue to provide both new and existing customers with an exceptional level of service during a period of global supply chain disruption, an approach that keeps our relationships healthy and growing. Our long-term contracting and short-term charter-in strategies have consistently generated profitability over the years. For the third quarter to date, we have booked 3,026 shipping days producing a time charter equivalent of $25,600/day."
"We have a dedicated leadership team and employee base, both ashore and aboard, who drive our performance," continued Filanowski. "Our ability to deploy capital in a prudent, yet opportunistic manner has been integral to our track record of value creation. In what remains a volatile market, we believe a balanced approach to capital deployment is appropriate, one that includes a consistent return of capital program, together with debt reduction and high-return organic growth investments, reflecting our continued confidence in the outlook for our business."
The Company's management team will host a conference call to discuss the Company's financial results on Wednesday, August 10, 2022 at 8:00 a.m., Eastern Time (ET). To access the teleconference, please dial 800-343-5172 (domestic) or 785-424-1699 (international) approximately ten minutes before the teleconference's scheduled start time and reference Conference ID: PANLQ222.
A supplemental slide presentation will accompany this quarter's conference call and can be found attached to the Current Report on Form 8-K that the Company filed concurrently with this press release. This document will be available at http://www.pangaeals.com/company-filings or at sec.gov.
A recording of the call will also be available for one week following the teleconference and will be accessible by calling 800-938-2490 (domestic) or 402-220-9028 (international).
INFORMATION ABOUT NON-GAAP FINANCIAL MEASURES. As used herein, "GAAP" refers to accounting principles generally accepted in the United States of America. To supplement our consolidated financial statements prepared and presented in accordance with GAAP, this earnings release discusses non-GAAP financial measures, including non-GAAP net revenue and non-GAAP adjusted EBITDA. This is considered a non-GAAP financial measure as defined in Rule 101 of Regulation G promulgated by the Securities and Exchange Commission. Generally, a non-GAAP financial measure is a numerical measure of a company's historical or future performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
We use non-GAAP financial measures for internal financial and operational decision making purposes and as a means to evaluate period-to-period comparisons of the performance and results of operations of our core business. Our management believes that non-GAAP financial measures provide meaningful supplemental information regarding the performance of our core business by excluding charges that are not incurred in the normal course of business. Non-GAAP financial measures also facilitate management's internal planning and comparisons to our historical performance and liquidity. We believe certain non-GAAP financial measures are useful to investors as they allow for greater transparency with respect to key metrics used by management in its financial and operational decision making and are used by our institutional investors and the analyst community to help them analyze the performance and operational results of our core business.
Gross Profit. Gross profit represents total revenue less net transportation and service revenue and less vessel depreciation and amortization.
Net transportation and service revenue. Net transportation and service revenue represents total revenue less the total direct costs of transportation and services, which includes charter hire, voyage and vessel operating expenses. Net transportation and service revenue is included because it is used by management and certain investors to measure performance by comparison to other logistic service providers. Net transportation and service revenue is not an item recognized by the generally accepted accounting principles in the United States of America, or U.S. GAAP, and should not be considered as an alternative to net income, operating income, or any other indicator of a company's operating performance required by U.S. GAAP. Pangaea's definition of net transportation and service revenue used here may not be comparable to an operating measure used by other companies.
Adjusted EBITDA and adjusted EPS. Adjusted EBITDA represents net income (or loss), determined in accordance with U.S. GAAP, excluding interest expense, income taxes, depreciation and amortization, loss on impairment, loss on sale and leaseback of vessels, share-based compensation and other non-operating income and/or expense, if any. Earnings per share represents net income divided by the weighted average number of common shares outstanding. Adjusted earnings per share represents net income attributable to Pangaea Logistics Solutions Ltd. plus, when applicable, loss on sale of vessel, loss on sale and leaseback of vessel, loss on impairment of vessel, unrealized gains and losses on derivative instruments, and certain non-recurring charges, divided by the weighted average number of shares of common stock.
There are limitations related to the use of net revenue versus income from operations, adjusted EBITDA versus income from operations, and adjusted EPS versus EPS calculated in accordance with GAAP. In particular, Pangaea's definition of adjusted EBITDA used here are not comparable to EBITDA.
The table set forth above provides a reconciliation of the non-GAAP financial measures presented during the period to the most directly comparable financial measures prepared in accordance with GAAP.
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) provides logistics services to a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The Company addresses the transportation needs of its customers with a comprehensive set of services and activities, including cargo loading, cargo discharge, vessel chartering, and voyage planning. Learn more at www.pangaeals.com.
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The Company disclaims any obligation to publicly update or revise these statements whether as a result of new information, future events or otherwise, except as required by law. Such risks and uncertainties include, without limitation, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors, as well as other risks that have been included in filings with the Securities and Exchange Commission, all of which are available at www.sec.gov.
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SOURCE Pangaea Logistics Solutions Ltd. | https://www.wsaz.com/prnewswire/2022/08/09/pangaea-logistics-solutions-ltd-reports-record-financial-results-quarter-ended-june-30-2022/ | 2022-08-09T21:11:18Z | https://www.wsaz.com/prnewswire/2022/08/09/pangaea-logistics-solutions-ltd-reports-record-financial-results-quarter-ended-june-30-2022/ | false |
President Joe Biden signed the CHIPS and Science Act of 2022 into law Tuesday, which allocates $53 billion dollars in federal funding to manufacture semiconductor chips domestically.
Copyright 2022 NPR
President Joe Biden signed the CHIPS and Science Act of 2022 into law Tuesday, which allocates $53 billion dollars in federal funding to manufacture semiconductor chips domestically.
Copyright 2022 NPR | https://www.nprillinois.org/2022-08-09/the-new-chips-and-science-act-will-bring-semiconductor-chip-manufacturing-to-the-u-s | 2022-08-09T21:12:15Z | https://www.nprillinois.org/2022-08-09/the-new-chips-and-science-act-will-bring-semiconductor-chip-manufacturing-to-the-u-s | true |
SAN DIEGO, Aug. 9, 2022 /PRNewswire/ -- CV Sciences, Inc. (OTCQB:CVSI) (the "Company", "CV Sciences", "our", "us" or "we"), a preeminent supplier and manufacturer of hemp cannabidiol (CBD) products, today announced that it will release financial results for the second quarter ended June 30, 2022, before the stock market opens on Monday, August 15, 2022. The Company will hold a conference call with the investment community at 7:00 a.m. Pacific Time (10:00 a.m. Eastern Time) that same day.
The webcast of the conference call will be available on the Investor Relations section of the Company's website at https://ir.cvsciences.com/news-events or directly at https://viavid.webcasts.com/starthere.jsp?ei=1563741&tp_key=554963c027. The webcast will be archived for approximately 30 days. Investors interested in participating in the live call can also dial (877) 407-0784 from the U.S. or international callers can dial (201) 689-8560. Please dial the conference telephone number 15 minutes prior to the start time due to increased demand for conference calls.
A telephone replay will be available approximately two hours after the call concludes and will be available through Monday, August 22, 2022, by dialing (844) 512-2921 from the U.S. or (412) 317-6671 from international locations, and entering confirmation code 13732196.
CV Sciences, Inc. (OTCQB:CVSI) operates two distinct business segments: a consumer product division focused on manufacturing, marketing and selling plant-based dietary supplements and CBD products to a range of market sectors; and a drug development division focused on developing and commercializing CBD-based novel therapeutics. The Company's PlusCBD™ products are sold at select retail locations throughout the U.S. and it is one of the top-selling brand of hemp-derived CBD in the natural products market, according to SPINS, the leading provider of syndicated data and insights for the natural, organic and specialty products industry. CV Sciences follows all guidelines for Good Manufacturing Practices (GMP) and the Company's products are processed, produced, and tested throughout the manufacturing process to confirm strict compliance with company standards and specifications. With a commitment to science, PlusCBD™ product benefits in healthy people are supported by human clinical research data, in addition to three published clinical case studies available on PubMed.gov. PlusCBD™ was the first hemp CBD supplement brand to invest in the scientific evidence necessary to receive self-affirmed Generally Recognized as Safe (GRAS) status. CV Sciences, Inc. has primary offices and facilities in San Diego, California. Additional information is available from OTCMarkets.com or by visiting www.cvsciences.com.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risk and uncertainties.
CONTACT INFORMATION:
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SOURCE CV Sciences, Inc. | https://www.wkyt.com/prnewswire/2022/08/09/cv-sciences-inc-announce-first-quarter-2022-results-august-15-2022/ | 2022-08-09T21:14:14Z | https://www.wkyt.com/prnewswire/2022/08/09/cv-sciences-inc-announce-first-quarter-2022-results-august-15-2022/ | true |
NEW YORK (AP) — The New York Film Festival will celebrate its 60th anniversary with a robust 32-film main slate and a number of hometown tales, including James Gray’s Queens coming-of-age drama “Armageddon Time” and Laura Poitras’ documentary “All the Beauty and the Bloodshed,” about artist Nan Goldin’s battle against the Sackler family.
Film at Lincoln Center, which puts on the annual festival, announced this year’s lineup Tuesday. The gala screenings are notably New York-centric, beginning with the previously announced opening night film, from longtime New Yorker and New York Film Festival regular Noah Baumbach. He’ll debut his Don DeLillo adaption “White Noise” shortly after it also opens the Venice Film Festival.
The festival’s centerpiece will be “All the Beauty and the Bloodshed,” in which the “Citizenfour” filmmaker chronicles Goldin’s fight to stem the opioid crisis and the pharmaceutical companies that benefitted from it.
Elegance Bratton, who drew from his own experiences in his documentary about homeless queer and transgender young people in New York in his documentary “Pier Kids,” will close out the festival with his semi-autobiographical fiction film “The Inspection,” starring Jeremy Pope as a gay man in Marine Corps basic training.
Gray’s “Armageddon Time” will screen as part of the festival’s 60th anniversary celebration. The film, which premiered in May at the Cannes Film Festival, draws from Gray’s own childhood in 1980s Queens. It co-stars Anthony Hopkins, Jeremy Strong and Anne Hathaway.
Other entries include Todd Field’s anticipated “TÁR,” starring Cate Blanchett as a world-renown composer; Paul Schrader’s “Master Gardner,” starring Joel Edgerton as a horticulturist; Joanna Hogg’s “The Eternal Daughter,” with Tilda Swinton; master documentarian Frederick Wiseman’s “A Couple,” a monologue drama based on the letters of Leo Tolstoy and wife Countess Sophia Behrs.
Several standouts from this year’s Cannes will play at the festival including Charlotte Wells’ feature debut “Aftersun”; Park Chan-wook’s “Decision to Leave”; Mia Hansen-Løve’s “One Fine Morning”; Kelly Reichardt’s “Showing Up”; Cristian Mungiu’s “R.M.N.”; and Ruben Östlund’s Palme d’Or-winner “Triangle of Sadness.”
Also among New York’s selections is the latest from Iranian director Jafar Panahi, “No Bears.” In July, Panahi, one of Iran’s leading filmmakers, was sent to prison for a six-year sentence related to a 2011 charge of producing antigovernment propaganda. His imprisonment has been widely decried internationally and in the film community.
The New York Film Festival runs Sept. 30-Oct. 16. Along with premieres at Lincoln Center, the festival will host screenings throughout New York’s five boroughs, at Staten Island’s Alamo Drafthouse Cinema; Brooklyn Academy of Music; the Bronx Museum of the Arts; the Museum of the Moving Image in Queens; and the Maysles Documentary Center in Harlem.
___
Follow AP Film Writer Jake Coyle on Twitter at: http://twitter.com/jakecoyleAP | https://www.cbs42.com/entertainment/ap-entertainment/new-york-film-festival-sets-lineup-for-60th-edition/ | 2022-08-09T21:15:25Z | https://www.cbs42.com/entertainment/ap-entertainment/new-york-film-festival-sets-lineup-for-60th-edition/ | false |
Company outlines near-term strategic plan to generate positive operating cashflow by early 2025
EMERYVILLE, Calif., Aug. 9, 2022 /PRNewswire/ -- Berkeley Lights, Inc. (Nasdaq: BLI), a leader in digital cell biology, today reported financial results for the quarter ended June 30, 2022.
- Delivered total revenue of $19.2 million for the second quarter of 2022, representing a decrease of 1% compared to the second quarter of 2021
- Achieved recurring revenue of $5.9 million, an increase of 50% year over year
- Delivered gross margin of 67% for the second quarter of 2022 compared to 66% for the second quarter of 2021
- Reduced operating costs through a global workforce reduction of approximately 12% in July 2022 and optimized business structure and processes to decrease cash burn to approximately $30 million in 2023
During the quarter, Berkeley Lights management completed a comprehensive assessment of the business and initiated a near-term strategic plan aligned to five pillars where the Company will:
- Generate positive operating cash flow by early 2025;
- Prioritize R&D return on investment through increased focus and rigor on development initiatives;
- Deliver consistent commercial execution through a new sales structure and enhanced product portfolio and pricing strategy;
- Build a world-class leadership team with a proven track record in profitably scaling life sciences tools and services companies; and
- Evaluate M&A opportunities that will accelerate profitable growth and leverage our current cost structure.
"In the second quarter, we made meaningful progress to transform Berkeley Lights from a technology platform company into a growing, profitable and sustainable life sciences tools and services company," said Dr. Siddhartha Kadia, chief executive officer of Berkeley Lights. "We are confident and excited about the opportunities ahead for Berkeley Lights and our ability to advance our strategy to create value for our shareholders."
Berkeley Lights now expects full-year 2022 revenue to be approximately in line with full-year 2021 revenue as the Company works to realign the business around its new strategic objectives.
Berkeley Lights will host a conference call to discuss the second quarter 2022 financial results after market close on Tuesday, August 9, 2022 at 1:30 p.m. Pacific Time/4:30 p.m. Eastern Time. A webcast of the conference call can be accessed at http://investors.berkeleylights.com. The webcast will be archived and available for replay for at least 90 days after the event.
Berkeley Lights is a leading digital cell biology company focused on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products for our customers. The Berkeley Lights Platform captures deep phenotypic, functional, and genotypic information for thousands of single cells in parallel and can also deliver the live biology customers desire in the form of the best cells. Our platform is a fully integrated, end-to-end solution, comprising proprietary consumables, including our OptoSelect® chips and reagent kits, advanced automation systems, and application software. We developed the Berkeley Lights Platform to provide the most advanced environment for rapid functional characterization of single cells at scale, the goal of which is to establish an industry standard for our customers throughout their cell-based product value chain.
Berkeley Lights' Beacon and Lightning systems and Culture Station instrument are: FOR RESEARCH USE ONLY. Not for use in diagnostic procedures.
This press release contains forward-looking statements that are based on management's beliefs and assumptions and on information currently available to management. All statements contained in this release other than statements of historical fact are forward-looking statements, including statements regarding our ability to develop, commercialize and achieve market acceptance of our current and planned products and services, our research and development efforts, and other matters regarding our business strategies, use of capital, results of operations and financial position, and plans and objectives for future operations.
In some cases, you can identify forward-looking statements by the words "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing" or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks, uncertainties and other factors are described under "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in the documents we file with the Securities and Exchange Commission from time to time. We caution you that forward-looking statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. As a result, the forward-looking statements may not prove to be accurate. The forward-looking statements in this press release represent our views as of the date hereof. We undertake no obligation to update any forward-looking statements for any reason, except as required by law.
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VANCOUVER, BC, Aug. 9, 2022 /PRNewswire/ - Elevation Gold Mining Corp. (TSXV: ELVT) (OTCQX: EVGDF) (the "Company" or "Elevation Gold") announces that Michael G. Allen has stepped down as President of the Company, effective immediately. Elevation Gold would like to thank Mr. Allen for his contributions and wishes him well in his future endeavors.
The Company's current Chief Operating Officer, Tim Swendseid, has been appointed President of Elevation Gold Mining Corp. effective immediately.
Douglas J. Hurst, Chairman and Director of Elevation Gold, stated, "The Board of Directors is very pleased to welcome Mr. Swendseid to his new role of President of the Company. Tim is an experienced mining professional with proven accomplishments in complex operations. He is a strong mentor, a champion of safe operations and is the ideal candidate to advance the Company's growth and strategic objectives. Under Tim's leadership as COO, the Moss Mine has witnessed improved fragmentation, increased crusher throughput and the successful construction of Leach Pad 2C."
Mr. Swendseid has over 35 years of worldwide experience in operating, technical and financial aspects of mining projects. Prior to joining the Company at the end of 2021, Tim held senior industry management positions including Chief Operating Officer of Boroo Mining Company, SVP Operations and Technical at CMOC International, President of Consulting Services, Americas at RPM Global, General Manager for the Mulatos Mine at Alamos Gold, VP Engineering at Frontera Copper and various management and technical roles at Phelps Dodge Corp. Tim holds a B. S. in Mining Engineering from Montana Tech, an MBA from the University of Arizona and is a CFA Charterholder.
Tim Swendseid, President of Elevation Gold, stated "I am excited to continue working with the Elevation Gold team to realize a strong future due to improved ore grade from East Pit, the completion of 2022's major capital projects and improved understanding of the Moss Mine orebody. The mature staff at the Moss Mine, including the new General Manager, the management team and the entire workforce are highly experienced and continue to perform exceptionally."
ON BEHALF OF THE BOARD
"Douglas J. Hurst"
Douglas J. Hurst, Chairman and Director
Elevation Gold is a publicly listed gold and silver producer, engaged in the acquisition, exploration, development and operation of mineral properties located in the United States. Elevation Gold's common shares are listed on the TSX Venture Exchange ("TSXV") in Canada under the ticker symbol ELVT and on the NASDAQ OTC in the United States under the ticker symbol EVGDF. The Company's principal operation is the 100% owned Moss Mine in the Mohave County of Arizona. Elevation also holds the title to the Hercules exploration property, located in Lyon County, Nevada.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements regarding the Company's plans with respect to appointing a new President. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking statements. All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward–looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
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SOURCE Elevation Gold Mining Corp. | https://www.kold.com/prnewswire/2022/08/09/elevation-gold-announces-management-change/ | 2022-08-09T21:17:15Z | https://www.kold.com/prnewswire/2022/08/09/elevation-gold-announces-management-change/ | false |
MOSCOW (AP) — A senior Russian diplomat said Tuesday that Moscow’s decision to declare a freeze on U.S. inspections of its nuclear arsenals under a key arms control treaty was triggered by Washington’s push for a quick visit by inspectors.
Deputy Foreign Minister Sergei Ryabkov said the U.S. demand for Russia to immediately allow an inspection trip under the New START treaty looked like an “open provocation” amid the current U.S.-Russian tensions.
“A notice about the U.S. intention to perform an inspection on our territory in the nearest days became a trigger,” Ryabkov said in a statement posted on the Russian Foreign Ministry’s website.
The ministry responded Monday by announcing a temporary halt on U.S. inspections. It argued that the sanctions on Russian flights imposed by the U.S. and its allies, visa restrictions and other obstacles effectively have made it impossible for Russian military experts to visit U.S. nuclear weapons sites, giving the U.S. “unilateral advantages.”
The Biden administration had no immediate public response to the move, which came amid soaring tensions between Moscow and Washington over Russia’s military action in Ukraine.
While Russia and the U.S. have suspended mutual inspections under the New START since the start of the COVID-19 pandemic, Moscow’s move raised new uncertainty about the pact’s future.
The Russian Foreign Ministry claimed that the freeze is temporary, noting in Monday’s statement that Moscow “highly values” the New START and adding that inspections could resume after the problems hampering them are solved.
The New START treaty, signed in 2010 by President Barack Obama and Russian President Dmitry Medvedev, limits each country to no more than 1,550 deployed nuclear warheads and 700 deployed missiles and bombers, and envisages sweeping on-site inspections to verify compliance.
Just days before the New START was due to expire in February 2021, Russia and the United States agreed to extend it for another five years.
Ryabkov said that Russia has been open to discussions about the resumption of inspections, but emphasized that it should be done on the basis of parity and equality. He charged that instead of negotiating mutually acceptable arrangements for inspectors’ trips, “Washington decided otherwise and engaged in an unfounded and unnecessary exacerbation of the situation.”
“We are calling on the U.S. to renounce counterproductive actions … and continue close cooperation for the sake of the soonest resumption of inspections on a realistic and equal basis,” he said. | https://www.cbs42.com/news/international/russian-diplomat-chides-us-for-rushing-nuclear-inspections/ | 2022-08-09T21:19:16Z | https://www.cbs42.com/news/international/russian-diplomat-chides-us-for-rushing-nuclear-inspections/ | false |
SAN DIEGO, Aug. 9, 2022 /PRNewswire/ -- Nuvve (Nasdaq: NVVE), a leader in electrifying transportation, and Vistra (NYSE: VST), one of the largest competitive power generators and retail electricity providers in the country, have announced the first step in their partnership to help school districts modernize bus fleets.
The partnership between Nuvve and Vistra will help school districts access available grant funding, from both federal and state agencies. These grants will make the transition cost-effective while also helping districts save on long-term transportation costs. Thus far, Vistra and Nuvve have helped school districts served by Vistra to apply for more than $4.5M in grant funding to replace older, diesel school buses.
"We know transportation is the top source of greenhouse gas emissions in the U.S., which is why electrifying school bus fleets makes a noticeable, positive impact," said Gregory Poilasne, chairman and CEO of Nuvve. "The transition to zero-emissions electric school buses (ESBs) does more than clean the air. With large batteries on-board and predictable operation times, ESBs are a perfect use-case for vehicle-to-grid (V2G) technology, especially in those markets where energy costs have shown significant volatility."
Nuvve's V2G technology allows districts to manage charging of their buses to ensure they are ready for their designated route. This advanced charging solution also allows districts to put energy back on the grid, providing an additional revenue source. Nuvve also offers smart fleet-management tools, helping transportation teams monitor battery levels by intelligently scheduling bus operation times and ensuring the bus has enough energy to complete its daily routes.
Electric buses also include fewer parts, leading to lower maintenance costs. The benefits extend to drivers as well, with quiet rides and more responsive performance.
"In order for this country to achieve its climate goals, it is going to take creative ideas and partnerships, and a collective effort across sectors," said Scott Hudson, president of Vistra's retail division. "Our customers know we offer more than just reliable power. We're all about innovative solutions. We are proud to join Nuvve to help school districts provide safer, cleaner transportation."
Media
Nuvve:
(W)right On Communications
David Cumpston
dcumpston@wrightoncomm.com
415-902-4461
Vistra:
Meranda Cohn
Media.Relations@vistracorp.com
214-875-8004
Nuvve Investor Contact
ICR Inc.
Eduardo Royes
nuvve@icrinc.com
646-200-8872
About Nuvve
Nuvve Holding Corp. (Nasdaq: NVVE) is leading the electrification of the planet, beginning with transportation, through its intelligent energy platform. Combining the world's most advanced vehicle-to-grid (V2G) technology and an ecosystem of electrification partners, Nuvve dynamically manages power among electric vehicle (EV) batteries and the grid to deliver new value to EV owners, accelerate the adoption of EVs, and support the world's transition to clean energy. By transforming EVs into mobile energy storage assets and networking battery capacity to support shifting energy needs, Nuvve is making the grid more resilient, enhancing sustainable transportation, and supporting energy equity in an electrified world. Since its founding in 2010, Nuvve has successfully deployed V2G on five continents and offers turnkey electrification solutions for fleets of all types. Nuvve is headquartered in San Diego, Calif. and can be found online at nuvve.com.
Nuvve and associated logos are among the trademarks of Nuvve and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
About Vistra
Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. Serving approximately 4 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, Vistra is a large purchaser of wind power. The company owns and operates the 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about our environmental, social, and governance efforts and read the company's sustainability report at https://www.vistracorp.com/sustainability/.
Nuvve Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Nuvve and Nuvve's strategy, future operations, estimated and projected financial performance, prospects, plans and objectives are forward-looking statements. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Nuvve disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. In addition, Nuvve cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) risks related to the rollout of Nuvve's business and the timing of expected business milestones; (ii) Nuvve's dependence on widespread acceptance and adoption of electric vehicles and increased installation of charging stations; (iii) Nuvve's ability to maintain effective internal controls over financial reporting (iv) Nuvve's current dependence on sales of charging stations for most of its revenues; (v) overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; (vi) potential adverse effects on Nuvve's backlog, revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by Nuvve; (vii) the effects of competition on Nuvve's future business; (viii) risks related to Nuvve's dependence on its intellectual property and the risk that Nuvve's technology could have undetected defects or errors; (ix) the risk that we conduct a portion of our operations through a joint venture exposes us to risks and uncertainties, many of which are outside of our control; (x) that our joint venture with Levo Mobility LLC may fail to generate the expected financial results, and the return may be insufficient to justify our investment of effort and/or funds; (xi) changes in applicable laws or regulations; (xii) the COVID-19 pandemic and its effect directly on Nuvve and the economy generally; (xiii) risks related to disruption of management time from ongoing business operations due to our joint ventures; (xiv) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (xv) the possibility that Nuvve may be adversely affected by 3 other economic, business, and/or competitive factors, including increased inflation and interest rates, and the Russian invasion of Ukraine; and (xvi) risks related to the benefits expected from the $1.2 trillion dollar infrastructure bill passed by the U.S. House of Representatives (H.R. 3684). Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the Annual Report on Form 10-K filed by Nuvve with the Securities and Exchange Commission (SEC) on March 31, 2022, and in the other reports that Nuvve has, and will file from time to time with the SEC. Nuvve's SEC filings are available publicly on the SEC's website at www.sec.gov.
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Seekr will leverage the power of DMS' toolset to maximize advertising results and scale its global user reach
VIENNA, Va., Aug. 9, 2022 /PRNewswire/ -- Seekr, an internet technology and content evaluation company, and Digital Media Solutions, Inc.(NYSE: DMS), a leading provider of digital performance advertising solutions,today announced a multi-year agreement to support Seekr's media strategy, revenue and advertising operations across its global search advertising platform and vertical content sponsorships. The alliance will accelerate the build out and monetization of new Seekr verticals in concert with expanding its global audience and reach.
Seekr prioritizes transparency and empowers users with choice and control by streamlining access to reliable information. Powered by AI and machine learning, Seekr offers the first fully transparent search engine that reimagines what web results can look like when they are free of bias or manipulation. Seekr plans to increase consumer engagement across its platforms and scale audience engagement by leveraging the power of the award-winning DMS toolset, inclusive of the DMS first-party data, expansive media reach and proprietary technologies. Global omnichannel audience engagement campaigns are currently underway with a monetization strategy set to begin in early Q4.
"DMS has the expertise to support our advertising needs and the proven ability to innovate and expand, making them the perfect partner for Seekr," said Pat Condo, Seekr founder and CEO. "The partnership represents an important step forward in Seekr's vision to provide an online experience with tools that support information transparency, connecting people with what they seek, rather than what they are served."
The partnership combines Seekr Search data with DMS brand-direct and marketplace offerings to create a targeted ad experience that offers consumers relevant content, while significantly reducing friction in the advertising ecosystem. The partnership's foundational objective is to foster a digital experience that delivers the right message to the right user at the right time, based on where they are spending their time. Seekr potentially gains access to more than 9,000 enterprise and SMB customers through the insurance, consumer finance, e-commerce and education solutions, among others, within DMS.
"Seekr's mission to provide transparency and empower user choice by streamlining access to reliable information for everyone is aligned with our goal at DMS to create intent-driven meaningful engagements between consumers and advertisers during a product or service discovery and consideration process," said DMS CEO Joe Marinucci. "DMS is excited to partner with a company that is committed to a future driven by the relevancy of a customer-driven journey."
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are made in reliance upon the protections provided by such acts for forward-looking statements. These forward-looking statements are often identified by words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions. These forward-looking statements include, without limitation, DMS's expectations with respect to its future performance and its ability to implement its strategy, and are based on the beliefs and expectations of our management team from the information available at the time such statements are made. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside DMS's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the COVID-19 pandemic or other public health crises; (2) changes in client demand for our services and our ability to adapt to such changes; (3) the entry of new competitors in the market; (4) the ability to maintain and attract consumers and advertisers in the face of changing economic or competitive conditions; (5) the ability to maintain, grow and protect the data DMS obtains from consumers and advertisers; (6) the performance of DMS's technology infrastructure; (7) the ability to protect DMS's intellectual property rights; (8) the ability to successfully source and complete acquisitions and to integrate the operations of companies DMS acquires, including Traverse Data, Inc., the assets of Crisp Marketing, LLC and Aimtell, Inc., PushPros, Inc. and Aramis Interactive; (9) the ability to improve and maintain adequate internal controls over financial and management systems, and remediate the identified material weakness; (10) changes in applicable laws or regulations and the ability to maintain compliance; (11) our substantial levels of indebtedness; (12) volatility in the trading price on the NYSE of our common stock and warrants; (13) fluctuations in value of our private placement warrants; and (14) other risks and uncertainties indicated from time to time in DMS's filings with the SEC, including those under "Risk Factors" in DMS's Annual Report on Form 10-K and its subsequent filings with the SEC. There may be additional risks that we consider immaterial or which are unknown, and it is not possible to predict or identify all such risks. DMS cautions that the foregoing list of factors is not exclusive. DMS cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. DMS does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
About Seekr Technologies Inc .
Seekr is an internet technology and content evaluation company that prioritizes transparency and empowers users with choice and control by streamlining access to reliable information. Powered by AI, Seekr offers the first fully transparent search engine that reimagines what web results can look like when they remove both bias and misinformation. Seekr utilizes an independent search index, sophisticated data science, and rigorous journalistic standards to determine the quality of news articles and their political lean — giving everyone access to technology that makes it easy to find trustworthy content in context.
About DMS
Digital Media Solutions, Inc . (NYSE: DMS) is a leading provider of technology-enabled digital performance advertising solutions connecting consumers and advertisers within the auto, home, health, and life insurance, plus a long list of top consumer verticals. The DMS first-party data asset, proprietary advertising technology, significant proprietary media distribution, and data-driven processes help digital advertising clients de-risk their advertising spend while scaling their customer bases. Learn more at https://digitalmediasolutions.com.
All trademarks contained herein are the property of their respective owners.
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VANCOUVER, BC, Aug. 9, 2022 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that at its special meeting of shareholders held earlier today (the "Meeting"), the Company's shareholders approved the resolution for the issuance of common shares of Sandstorm ("Sandstorm Shares") in connection with the arrangement (the "Resolution") whereby Sandstorm will acquire all of the issued and outstanding common shares of Nomad Royalty Company Ltd. (NYSE:NSR) (TSX:NSR) ("Nomad") at an exchange ratio of 1.21 Sandstorm Shares for each common share of Nomad (the "Arrangement"). The Resolution was approved by approximately 99% of votes cast by Sandstorm shareholders at the Meeting. Detailed voting results for the Resolution are as follows:
The report of voting results of the Meeting will be made available under the Company's profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml.
In addition to the approval by Sandstorm shareholders, Nomad shareholders approved the proposed Arrangement at a special meeting of Nomad shareholders held today.
"Management is delighted to receive the overwhelming support of both Sandstorm and Nomad shareholders for this transaction," said Nolan Watson, Sandstorm's President and CEO. "We expect the resulting Company to be a stronger, more diversified royalty company with one of the best growth profiles in the industry. I truly believe our existing and new shareholders will benefit from this transaction for many years to come."
Timing of Completion
Sandstorm announced on July 27, 2022, that the Company had received all regulatory approvals required to complete the Arrangement. The closing of the Arrangement remains subject to final court approval, which Nomad intends to seek from the Superior Court of Québec on August 12, 2022. Subject to court approval being obtained and the other conditions to closing being satisfied or waived, the Arrangement is expected to be effective on or about August 15, 2022. For a more detailed description of the Arrangement, including regulatory matters and approvals, please see the Company's Management Information Circular dated July 11, 2022, available on SEDAR at www.sedar.com on EDGAR at www.sec.gov/edgar.shtml.
CONTACT INFORMATION
For more information about Sandstorm Gold Royalties, please visit our website at www.sandstormgold.com or email us at info@sandstormgold.com.
ABOUT SANDSTORM GOLD ROYALTIES
Sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. After the closing of the Nomad transaction announced on May 2, 2022, Sandstorm will hold a portfolio of 250 royalties, of which 39 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties. For more information visit: www.sandstormgold.com.
CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS
The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, which differs from US generally accepted accounting principles ("US GAAP") in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP.
This press release and the documents incorporated by reference herein, as applicable, have been prepared in accordance with Canadian standards for the reporting of mineral resource and mineral reserve estimates, which differ from the previous and current standards of the United States securities laws. In particular, and without limiting the generality of the foregoing, the terms "mineral reserve", "proven mineral reserve", "probable mineral reserve", "inferred mineral resources,", "indicated mineral resources," "measured mineral resources" and "mineral resources" used or referenced herein and the documents incorporated by reference herein, as applicable, are Canadian mineral disclosure terms as defined in accordance with Canadian National Instrument 43-101 — Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") — CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Definition Standards").
For United States reporting purposes, the United States Securities and Exchange Commission (the "SEC") has adopted amendments to its disclosure rules (the "SEC Modernization Rules") to modernize the mining property disclosure requirements for issuers whose securities are registered with the SEC under the Exchange Act, which became effective February 25, 2019. The SEC Modernization Rules more closely align the SEC's disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards, including NI 43-101, and replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7. Issuers were required to comply with the SEC Modernization Rules in their first fiscal year beginning on or after January 1, 2021. As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multi-jurisdictional disclosure system, the Corporation is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Definition Standards. Accordingly, mineral reserve and mineral resource information contained or incorporated by reference herein may not be comparable to similar information disclosed by United States companies subject to the United States federal securities laws and the rules and regulations thereunder.
As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources." In addition, the SEC has amended its definitions of "proven mineral reserves" and "probable mineral reserves" to be "substantially similar" to the corresponding CIM Definition Standards that are required under NI 43-101. While the SEC will now recognize "measured mineral resources", "indicated mineral resources" and "inferred mineral resources", U.S. investors should not assume that all or any part of the mineralization in these categories will be converted into a higher category of mineral resources or into mineral reserves without further work and analysis. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, U.S. investors are cautioned not to assume that all or any measured mineral resources, indicated mineral resources, or inferred mineral resources that the Company reports are or will be economically or legally mineable without further work and analysis. Further, "inferred mineral resources" have a greater amount of uncertainty and as to whether they can be mined legally or economically. Therefore, U.S. investors are also cautioned not to assume that all or any part of inferred mineral resources will be upgraded to a higher category without further work and analysis. Under Canadian securities laws, estimates of "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies, except in rare cases. While the above terms are "substantially similar" to CIM Definitions, there are differences in the definitions under the SEC Modernization Rules and the CIM Definition Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as "proven mineral reserves", "probable mineral reserves", "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards adopted under the SEC Modernization Rules or under the prior standards of SEC Industry Guide 7.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm Gold Royalties. Forward-looking statements include, but are not limited to, the expectation regarding whether the proposed Nomad acquisition will be consummated, including whether conditions to the consummation of the transaction will be satisfied, or the timing for completing the transaction; that the resulting Company will be a stronger, more diversified royalty company with one of the best growth profiles in the industry, and that shareholders will benefit from this transaction for years to come; the future price of gold, silver, copper, iron ore and other metals; the estimation of mineral reserves and mineral resources, and realization of mineral reserve and mineral resource estimates; the timing and amount of estimated future production; and expectations for other economic, business, and/or competitive factors. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", or similar terminology.
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm Gold Royalties to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm Gold Royalties will operate in the future, including the receipt of all required approvals, the price of gold and copper and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, failure to receive necessary approvals, changes in business plans and strategies, market conditions, share price, best use of available cash, gold and other commodity price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold or other commodity the Company will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which the Company will purchase gold, other commodities or receive royalties from, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold and other commodities, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled "Risks to Sandstorm" in the Company's annual report for the financial year ended December 31, 2021 and the section entitled "Risk Factors" contained in the Company's annual information form dated March 31, 2022 available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.
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SOURCE Sandstorm Gold Ltd. | https://www.wflx.com/prnewswire/2022/08/09/sandstorm-gold-royalties-shareholders-approve-acquisition-nomad-royalty-company/ | 2022-08-09T21:19:40Z | https://www.wflx.com/prnewswire/2022/08/09/sandstorm-gold-royalties-shareholders-approve-acquisition-nomad-royalty-company/ | true |
If you're wondering what Marshawn Lynch has been up to lately, here's an update. The former Seattle Seahawks running back was arrested in Las Vegas today for driving under the influence.
The Las Vegas Metropolitan Police Department tweeted a statement in the early hours of Tuesday, saying that Lynch was arrested at a vehicle stop near Las Vegas Boulevard.
"The LVMPD conducted a vehicle stop at Fairfield Avenue and West Utah Avenue (near Wyoming and Las Vegas Blvd) on a driver, later identified as Marshawn Lynch, for suspected driver impairment."
The statement was followed by another tweet:
"Through the course of the investigation, officers determined that Lynch was impaired and conducted an arrest. Lynch was transported to the Las Vegas City Jail and booked for driving under the influence."
TMZ reported that Marshawn Lynch was driving into the curb before he was pulled over. They also reported that Lynch refused a breathalyzer but had his blood drawn upon arrest.
Marshawn Lynch's NFL career
Marshawn Lynch is a native of Oakland, California and a five-time Pro Bowler. He played in the NFL for 12 seasons. He most notably won Super Bowl XLVIII with the Seattle Seahawks.
Lynch ran for 10,413 yards during stints with the Buffalo Bills, Seahawks and the Oakland Raiders. He recorded 85 touchdowns. He also posted 2,214 receiving yards and nine receiving touchdowns.
Lynch, 36, was selected to the Pro Football Hall of Fame All-Decade Team for the 2010's and was a dominant force during his time in the NFL.
Lynch has been keeping himself busy since retiring from the NFL. Known by fans as 'Beast Mode,' he is currently a minority owner of NHL franchise the Seattle Kraken, along with Seattle-born rapper Macklemore.
Lynch also invested in Oakland Roots, a soccer club that plays in the USL Championship, the second tier of US men’s soccer. Apart from his investments, the Seattle Seahawks recently announced Marshawn Lynch as a member of their broadcast team for the preseason. Lynch is set to serve as a special correspondent, though it remains to be seen if that will be the case after his arrest.
Today's incident isn't Lynch's first brush with the long arm of the law.
In 2008, Lynch was accused of hitting a woman with his car during his time with the Bills.He subsequently pled guilty to a hit-and-run and had his driver's license revoked. The following year, he pled guilty to a misdemeanor weapons charge and was hit with a three-game suspension by the league. | https://www.sportskeeda.com/nfl/news-why-marshawn-lynch-arrested-retired-rb-caught-dui-suspicion | 2022-08-09T21:19:43Z | https://www.sportskeeda.com/nfl/news-why-marshawn-lynch-arrested-retired-rb-caught-dui-suspicion | true |
HARTFORD, Conn., Aug. 9, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $163.0 billion as of July 31, 2022. In addition, the company provided services to $3.1 billion of other fee-earning assets, which are not included in assets under management.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment management products and services from our affiliated managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.
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SOURCE Virtus Investment Partners, Inc. | https://www.wflx.com/prnewswire/2022/08/09/virtus-investment-partners-reports-preliminary-july-31-2022-assets-under-management/ | 2022-08-09T21:20:59Z | https://www.wflx.com/prnewswire/2022/08/09/virtus-investment-partners-reports-preliminary-july-31-2022-assets-under-management/ | true |
Well-being solution meets demands of a changing workforce
PORTLAND, Ore., Aug. 9, 2022 /PRNewswire/ -- Responding to the needs of a changing workforce, WebMD Health Services today announced a new partnership with Wellbeats, Inc., a LifeSpeak company (TSX: LSPK) and the leading provider of on-demand, virtual well-being content designed to help employers and health plans meet the challenges of supporting a remote hybrid workforce.
The new offering features more than 1,000 videos and instructor-led streaming classes that enhance employer well-being offerings at a time of dynamic workplace shifts, while helping participants meet their goals, including fitness, nutrition, mindfulness, and mental health, on a pace and schedule that can be personalized to their needs.
Organizations can integrate the new programming into their current WebMD Health Services well-being platform, ensuring a seamless end-to-end experience. Participants can easily access classes and videos and select programming that reflects their fitness level, interests, and lifestyle. Approachable class instructors reflect a diversity of ages, races and body types.
"Our Wellbeats partnership builds on our newest solutions, which give clients new ways to tailor their well-being programs to the evolving needs of the hybrid workforce," said Bruce Foyt, Vice President of Partnerships, WebMD Health Services. "Offering employees of all ages, abilities and interests the ability to exercise, meditate, stretch or make better food choices – on a schedule that makes sense for them -- will help them incorporate well-being into their daily lives, increase employee satisfaction and engagement, and support productivity."
"We are excited to partner with WebMD Health Services at this pivotal time," said Jason Von Bank, Wellbeats President and LifeSpeak COO. "This partnership will expand access to Wellbeats for employers and make it even easier for them to help employees and their families make health and well-being an integral, and ongoing part of their routine."
About WebMD Health Services
WebMD Health Services, a part of WebMD Health Corp., has over 20 years of experience driving positive behavior changes. Consumers trust WebMD for reliable, accurate, and clear answers to their most pressing health-related questions. At WebMD Health Services, we tap into these valuable consumer insights to design and implement successful, engaging solutions to help individuals meet their well-being needs. We understand that there are numerous paths to reach well-being goals. Our expertise, combined with a variety of third-party partner integrations, enables us to deliver unique and personalized experiences across a wide range of industries. See how we support these diverse populations at webmdhealthservices.com.
About WebMD Health Corp.
WebMD, an Internet Brands company, is at the heart of the digital health revolution that is transforming the healthcare experience for consumers, patients, healthcare professionals, employers, health plans and health systems. Through public and private online portals, mobile platforms, and health-focused publications, WebMD delivers leading-edge content and digital services that enable and improve decision-making, support and motivate health actions, streamline and simplify the healthcare journey, and improve patient care.
The WebMD Health Network includes WebMD Health, Medscape, Jobson Healthcare Information, MediQuality, Frontline, Vitals Consumer Services, Aptus Health, Krames, PulsePoint, The Wellness Network, SanovaWorks, MedicineNet, eMedicineHealth, RxList, OnHealth, Medscape Education, and other owned WebMD sites. WebMD®, Medscape®, CME Circle®, Medpulse®, eMedicine®, MedicineNet®, theheart.org® and RxList® are among the trademarks of WebMD Health Corp. or its subsidiaries.
About Wellbeats, a LifeSpeak company
Based in St. Louis Park, MN, Wellbeats, a LifeSpeak company, is the premier provider of on-demand, virtual wellness content and programming for use in corporate wellbeing initiatives. With more than 1,000 fitness, nutrition, and mindfulness classes, programs, and fitness assessments available anytime and anywhere, Wellbeats allows employers to support employees with wellness resources that fit their needs, lifestyle, and schedule. Wellbeats provides best-in-class content that appeals to more than 2.3 million members of all ages, interests, and fitness levels. Wellbeats content is easily accessible through apps for iOS, Android, and Apple TV, any modern Web browser, Chromecast, Airplay, and Roku. To learn more, visit www.wellbeats.com, follow on LinkedIn, or check out a sampling of the company's fitness classes during a Facebook Live session.
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SOURCE WebMD Health Services | https://www.kold.com/prnewswire/2022/08/09/webmd-health-services-partners-with-wellbeats-offering-on-demand-streaming-content/ | 2022-08-09T21:22:23Z | https://www.kold.com/prnewswire/2022/08/09/webmd-health-services-partners-with-wellbeats-offering-on-demand-streaming-content/ | true |
(NEXSTAR) – Don’t worry. You aren’t ordering Whoppers in your sleep, despite what Burger King’s emails may lead you to believe.
An “internal processing error” is responsible for a bunch of blank receipts that were sent from an official Burger King email account on overnight into Tuesday morning, a representative for Burger King confirmed to Nexstar. It’s unclear how many of these receipts were sent, but The Verge had previously reported on “thousands” had received the emails in error.
“Thank you for ordering from Burger King!” reads a message included with the receipt. “Your order will be ready to be picked up at Burger King located at [blank].”
The order information listed within the emailed receipt was also completely blank.
Hundreds of recipients flocked to Twitter on Tuesday morning to share their confusion over the emails, with some expressing concern that they were the target of a scam.
“Burger King had me tripping in the wee hours of the morning — thinking someone had stole my credit card due to a receipt that I had received through my email,” one user wrote. “App deleted.”
“Did anyone get a blank Burger King receipt in their email?” another asked. “I’m just confused, I never eat there.”
Others, meanwhile, appeared convinced that Burger King sent the emails intentionally as part of a marketing tactic.
“Loving the free publicity #burgerking is getting from accidentally sending everyone a blank receipt. Very clever marketing,” wrote one skeptical Twitter user.
A representative for Burger King declined to comment on whether the emails were sent only to customers who signed up for the BK app, or perhaps a wider email database. It did not immediately appear as if any of the email recipients had been charged, or their information had been compromised. | https://www.wane.com/news/top-picks/get-a-confusing-burger-king-email-overnight-heres-what-that-was-all-about/ | 2022-08-09T21:25:00Z | https://www.wane.com/news/top-picks/get-a-confusing-burger-king-email-overnight-heres-what-that-was-all-about/ | true |
FORT WAYNE, Ind. (WANE) – An upcoming event on Friday is the first step in staffing more security officers at Fort Wayne’s airport.
The Transportation Security Administration is set to help those interested apply for the position of a transportation security officer working at Fort Wayne International Airport.
Attendees can learn more about officer positions and have the opportunity to complete multiple steps of the hiring process. The event includes a presentation about the role, application assistance, and scheduling of computer-based testing for job seekers. Participants can complete all or part of these processes, which will reduce the time required to get on board with TSA, organizers said.
As part of the presentation sessions during the event, TSA will provide an overview of working for the federal government and discuss benefits, which include paid leave, health care plans, 401k coverage and more.
Starting pay at FWA is $18.59 per hour with opportunities for pay increases after six months. TSA is offering a sign-on bonus of up to $1,000 to eligible new hires, $500 after onboarding, and an additional $500 after one year of service, with service agreement. This initiative applies to new hires that onboard through Sept. 30.
The hiring event is from 10 a.m. to 2 p.m. at WorkOne Northeast.
See the requirements and register here. | https://www.wane.com/news/tsa-to-hire-more-security-officers-at-fort-wayne-airport/ | 2022-08-09T21:25:12Z | https://www.wane.com/news/tsa-to-hire-more-security-officers-at-fort-wayne-airport/ | true |
WASHINGTON, Aug. 9, 2022 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the quarter ended June 30, 2022. Net revenue was approximately $118.8 million, an increase of 10.4% from the same period in 2021. The Company reported operating income of approximately $23.8 million for the three months ended June 30, 2022, compared to approximately $37.9 million for the three months ended June 30, 2021. Broadcast and digital operating income1 was approximately $55.1 million, an increase of 11.2% from the same period in 2021. Net income was approximately $15.0 million or $0.30 per share (basic) compared to $17.9 million or $0.36 per share (basic) for the same period in 2021. Adjusted EBITDA2 was approximately $47.5 million for the three months ended June 30, 2022, compared to approximately $44.8 million for the same period in 2021.
Alfred C. Liggins, III, Urban One's CEO and President stated, "We had a strong finish to Q2, driven by continued robust growth in digital and cable television advertising, both of which were up double digits. Our spot radio business outperformed the markets in which we operate by 230 Bps, and I was pleased with our overall 10.4% revenue growth, as a result of which we were able to post adjusted EBITDA growth of 6.1% y-o-y. Like other media businesses, we have experienced a slow-down in Q3, particularly in core radio which is currently pacing down low-to-mid single-digits. Given our diversified mix of assets, I still anticipate consolidated net revenues to grow in Q3, and we remain well positioned for political advertising later in the year. We will continue to be disciplined with capital allocation decisions and our cash position remains strong. We finished the quarter with net leverage below 4.0x, in line with our goal to continue to reduce leverage over time."
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements represent management's current expectations and are based upon information available to Urban One at the time of this release. These forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond Urban One's control, that may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially are described in Urban One's reports on Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 8-K and other filings with the Securities and Exchange Commission (the "SEC"), including the current report on Form 8-K filed August 09, 2022 with this press release. Urban One does not undertake any duty to update any forward-looking statements.
The COVID-19 pandemic could have an impact on certain of our revenue and alternative revenue sources on a going forward basis. While parts of the country are recovering, other parts could see a resurgence of the pandemic and this could impact our results of operations, particularly in our larger markets such as Dallas, Houston and Atlanta. During the early portion of the pandemic, a number of advertisers across a variety of significant advertising categories reduced advertising spend due to the pandemic. This has been particularly true within our radio segment which derives substantial revenue from local advertisers, including in areas such as Texas, Ohio and Georgia. The economies in these areas were hit particularly hard due to social distancing and other government interventions. Further, the COVID-19 pandemic has caused a shift in the way people work and commute, which in some instances has altered demand for our broadcasting radio advertising. Finally, the COVID-19 outbreak caused the postponement or cancellation of certain of our tent pole special events or otherwise impaired or limited ticket sales for such events. A resurgence could have a similar future impact. We do not carry business interruption insurance to compensate us for losses and such losses may continue to occur as a result of the ongoing and fluctuating nature of the COVID-19 pandemic. New outbreaks or surges in new cases due to variants in the markets in which we operate could have material impacts on our liquidity, operations including potential impairment of assets, and our financial results. Likewise, our income from our investment in MGM National Harbor Casino has at times been negatively impacted by closures and limitations on occupancy imposed by state and local governmental authorities.
Net revenue consists of gross revenue, net of local and national agency and outside sales representative commissions. Agency and outside sales representative commissions are calculated based on a stated percentage applied to gross billing.
Net revenue increased to approximately $118.8 million for the quarter ended June 30, 2022, from approximately $107.6 million for the same period in 2021. Net revenues from our radio broadcasting segment increased 4.9% compared to the same period in 2021. Net revenue from our radio broadcasting segment, excluding political advertising, increased 1.3% compared to the same period in 2021. Reach Media's net revenues increased 17.8% for the three months ended June 30, 2022, compared to the same period in 2021, due primarily to increased demand. We recognized approximately $53.4 million and $48.5 million of revenue from our cable television segment during the three months ended June 30, 2022, and 2021, respectively, due primarily to increased advertising sales. Net revenue for our digital segment increased approximately $2.8 million for the three months ended June 30, 2022, compared to the same period in 2021 primarily from higher direct revenues.
Operating expenses, excluding depreciation and amortization, stock-based compensation and impairment of long-lived assets, increased to approximately $75.2 million for the quarter ended June 30, 2022, up 12.0% from the approximately $67.2 million incurred for the comparable quarter in 2021. The overall operating expense increase was driven by higher programming and technical expenses, higher selling, general and administrative expenses, and higher corporate selling, general and administrative expenses.
As a result of corresponding increases in revenue, we've incurred an increase in the following expenses: increase of approximately $2.3 million in employee compensation expenses, $2.3 million in variable expenses, $1.5 million in travel, entertainment and office expenses, $1.3 million in contract labor, talent costs and consulting fees, and $1.0 million in marketing and event spending.
Depreciation and amortization expense increased to approximately $2.5 million for the quarter ended June 30, 2022, compared to approximately $2.3 million for the quarter ended June 30, 2021.
Interest expense remained flat at approximately $15.9 million for the quarters ended June 30, 2022 and 2021. The Company made cash interest payments of $924,000 for the quarter ended June 30, 2022, compared to cash interest payments of $172,000 on its outstanding debt for the quarter ended June 30, 2021. During the three months ended June 30, 2022, the PPP loan and related accrued interest was forgiven and recorded as other income in the amount of $7.6 million. During the quarter ended June 30, 2022, the Company repurchased approximately $25.0 million of its 2028 Notes at an average price of approximately 91.0% of par, resulting in a net gain on retirement of debt of approximately $1.9 million for the quarter ended June 30, 2022.
The impairment of long-lived assets for the three months ended June 30, 2022, was related to a non-cash impairment charge of approximately $4.3 million recorded to reduce the carrying value of our Atlanta market goodwill balance and a charge of approximately $10.7 million associated with our Atlanta, Dallas, Houston, and Raleigh radio market broadcasting licenses, of which approximately $3.7 million relates to periods ending prior to January 1, 2022. The fair value of the radio broadcasting licenses were overstated by approximately $1.1 million, $2.8 million, and $2.1 million as of December 31, 2019, March 31, 2020, and December 31, 2021, respectively, and understated by approximately $2.3 million as of September 30, 2020. Accordingly, the Company recorded an out-of-period non-cash impairment charge of approximately $3.7 million during the three months ended June 30, 2022. The Company determined that correcting the error in the three-month period ended June 30, 2022 does not materially misstate the statement of operations for this period. In addition, we recorded an impairment charge of approximately $1.9 million associated with the estimated asset sale consideration for one of our Indianapolis radio broadcasting licenses.
During the three months ended June 30, 2022, we recorded a provision for income taxes of approximately $3.7 million compared to approximately $6.1 million for the three months ended June 30, 2021. The decrease in the provision for income taxes was primarily due to the application of the estimated annual effective tax rate for the year to date and pre-tax income of approximately $19.5 million during the quarter, and discrete tax benefits of approximately $2.1 million primarily related to non-taxable income forgiveness of the PPP Loan. The tax provision resulted in an effective tax rate of 19.1% and 24.9% for the three months ended June 30, 2022 and 2021, respectively. The Company paid income taxes of $696,000 for the quarter ended June 30, 2022 and paid income taxes of $814,000 for the quarter ended June 30, 2021.
Other income, net, was approximately $9.7 million and $2.4 million for the three months ended June 30, 2022 and 2021, respectively. We recognized other income in the amount of approximately $2.1 million and $1.9 million for the three months ended June 30, 2022 and 2021, respectively, related to our MGM investment. As noted above, during the three months ended June 30, 2022, the PPP loan and related accrued interest was forgiven and recorded as other income in the amount of $7.6 million.
Other pertinent financial information includes capital expenditures of approximately $2.3 million and $1.6 million for the quarters ended June 30, 2022 and 2021, respectively.
During the three months ended June 30, 2022, the Company did not repurchase any shares of Class A common stock and repurchased 4,665,589 shares of Class D common stock in the amount of approximately $24.6 million. During the three months ended June 30, 2021, the Company did not repurchase any shares of Class A or Class D common stock.
The Company, in connection with its prior 2009 stock option and restricted stock plan and its current 2019 Equity and Performance Incentive Plan (the "2019 Plan"), is authorized to purchase shares of Class D common stock to satisfy employee tax obligations in connection with the vesting of share grants under the plan. During the three months ended June 30, 2022, the Company executed a Stock Vest Tax Repurchase of 16,181 shares of Class D Common Stock in the amount of $91,000. During the three months ended June 30, 2021, the Company executed a Stock Vest Tax Repurchase of 14,051 shares of Class D Common Stock in the amount of $33,000.
Supplemental Financial Information:
For comparative purposes, the following more detailed, unaudited statements of operations for the three and six months ended June 30, 2022 and 2021 are included.
Urban One, Inc. will hold a conference call to discuss its results for the second fiscal quarter of 2022. The conference call is scheduled for Tuesday, August 09, 2022 at 5:30 p.m. EDT. To participate on this call, U.S. callers may dial toll-free 1-877-226-8163; international callers may dial direct (+1) 234-720-6983. The Access Code is 2993856.
A replay of the conference call will be available from 8:30 p.m. EDT August 09, 2022 until 12:00 a.m. EDT August 12, 2022. Callers may access the replay by calling 1-866-207-1041; international callers may dial direct (+1) 402-970-0847. The replay Access Code is 8046193.
Access to live audio and a replay of the conference call will also be available on Urban One's corporate website at www.urban1.com. The replay will be made available on the website for seven days after the call.
Urban One, Inc. (urban1.com), together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. The Company owns TV One, LLC (tvone.tv), a television network serving more than 59 million households, offering a broad range of original programming, classic series and movies designed to entertain, inform and inspire a diverse audience of adult Black viewers. As of June 30, 2022, we owned and/or operated 64 independently formatted, revenue producing broadcast stations (including 54 FM or AM stations, 8 HD stations, and the 2 low power television stations we operate) branded under the tradename "Radio One" in 13 urban markets in the United States. Through its controlling interest in Reach Media, Inc. (blackamericaweb.com), the Company also operates syndicated programming including the Rickey Smiley Morning Show, the Russ Parr Morning Show and the DL Hughley Show. In addition to its radio and television broadcast assets, Urban One owns iOne Digital (ionedigital.com), our wholly owned digital platform serving the African-American community through social content, news, information, and entertainment websites, including its Cassius, Bossip, HipHopWired and MadameNoire digital platforms and brands. We also have invested in a minority ownership interest in MGM National Harbor, a gaming resort located in Prince George's County, Maryland. Through our national multi-media operations, we provide advertisers with a unique and powerful delivery mechanism to the African-American and urban audiences.
Notes:
1 "Broadcast and digital operating income" consists of net (loss) income before depreciation and amortization, corporate selling, general and administrative expenses, stock-based compensation, income taxes, noncontrolling interest in income (loss) of subsidiaries, interest expense, impairment of long-lived assets, other (income) expense, loss (gain) on retirement of debt, gain on sale-leaseback and interest income. Broadcast and digital operating income is not a measure of financial performance under generally accepted accounting principles. Nevertheless, broadcast and digital operating income is a significant measure used by our management to evaluate the operating performance of our core operating segments because broadcast and digital operating income provides helpful information about our results of operations apart from expenses associated with our fixed assets and long-lived intangible assets, income taxes, investments, debt financings and retirements, overhead, stock-based compensation, impairment charges, and asset sales. Our measure of broadcast and digital operating income is similar to industry use of station operating income; however, it reflects our more diverse business and therefore is not completely analogous to "station operating income" or other similarly titled measures used by other companies. Broadcast and digital operating income does not purport to represent operating income or loss, or cash flow from operating activities, as those terms are defined under generally accepted accounting principles, and should not be considered as an alternative to those measurements as an indicator of our performance. A reconciliation of net income (loss) to broadcast and digital operating income has been provided in this release.
2 "Adjusted EBITDA" consists of net income (loss) plus (1) depreciation, amortization, income taxes, interest expense, noncontrolling interest in (loss) income of subsidiaries, impairment of long-lived assets, stock-based compensation, (gain) loss on retirement of debt, gain on sale-leaseback, Employment Agreement and incentive plan award expenses and other compensation, contingent consideration from acquisition, corporate development costs, severance-related costs, cost investment income, less (2) other income and interest income. Net income before interest income, interest expense, income taxes, depreciation and amortization is commonly referred to in our business as "EBITDA." Adjusted EBITDA and EBITDA are not measures of financial performance under generally accepted accounting principles. However, we believe Adjusted EBITDA is often a useful measure of a company's operating performance and is a significant measure used by our management to evaluate the operating performance of our business because Adjusted EBITDA excludes charges for depreciation, amortization and interest expense that have resulted from our acquisitions and debt financing, our taxes, impairment charges, and gain on retirements of debt. Accordingly, we believe that Adjusted EBITDA provides useful information about the operating performance of our business, apart from the expenses associated with our fixed assets and long-lived intangible assets or capital structure. EBITDA is frequently used as one of the measures for comparing businesses in the broadcasting industry, although our measure of Adjusted EBITDA may not be comparable to similarly titled measures of other companies, including, but not limited to the fact that our definition includes the results of all four segments (radio broadcasting, Reach Media, digital and cable television). Adjusted EBITDA and EBITDA do not purport to represent operating income or cash flow from operating activities, as those terms are defined under generally accepted accounting principles, and should not be considered as alternatives to those measurements as an indicator of our performance. A reconciliation of net income (loss) to EBITDA and Adjusted EBITDA has been provided in this release.
3 For the three months ended June 30, 2022 and 2021, Urban One had 50,806,346 and 49,789,892 shares of common stock outstanding on a weighted average basis (basic), respectively. For the six months ended June 30, 2022 and 2021, Urban One had 50,994,612 and 49,124,056 shares of common stock outstanding on a weighted average basis (basic), respectively.
4 For the three months ended June 30, 2022 and 2021, Urban One had 54,658,543 and 53,780,918 shares of common stock outstanding on a weighted average basis (fully diluted for outstanding stock awards), respectively. For the six months ended June 30, 2022 and 2021, Urban One had 54,871,963 and 53,186,619 shares of common stock outstanding on a weighted average basis (fully diluted for outstanding stock awards), respectively.
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TOLEDO, Ohio, Aug. 9, 2022 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) today announced results for the quarter ended June 30, 2022.
Recent Highlights
- Reported net income attributable to common stockholders of $0.20 per diluted share
- Reported normalized FFO attributable to common stockholders of $0.86 per diluted share
- Reported normalized FFO growth attributable to common stockholders per diluted share of 8.9% over the prior year, and 7.7% on a constant currency basis excluding Provider Relief Funds
- Reported total portfolio year-over-year same store NOI ("SSNOI") growth of 8.7%, driven by SSNOI growth in our Seniors Housing Operating ("SHO") portfolio of 15.4%
- SHO portfolio year-over-year same store revenue growth accelerated relative to the first quarter, increasing to 11.5% in the second quarter, driven by 500 bps of year-over-year average occupancy growth and 4.5% same store REVPOR growth
- Completed $1.6 billion of pro rata gross investments during the second quarter including $1.1 billion in acquisitions and loan funding and $448 million in development funding, continuing one of the most active starts to the year for investment activity in Welltower's history. Transactions during the period were funded, in part, through the issuance of Operating Partnership Units ("OP Units")
- Closed on an amended $5.2 billion unsecured credit facility with improved pricing across term loans
- Earned the 2022 ENERGY STAR® Partner of the Year Award for the fourth consecutive year and attained the level of Sustained Excellence, the Environmental Protection Agency's highest recognition within the ENERGY STAR® program, for the second consecutive year
COVID-19 Update
During the period, we recognized $17 million of Provider Relief Funds, as compared to guidance of approximately $6 million. As a result, second quarter 2022 net income attributable to common stockholders and normalized FFO benefited by approximately $0.02 per diluted share relative to guidance.
Our share of property-level expenses associated with the COVID-19 pandemic relating to our SHO portfolio totaled $9 million. Net of reimbursements including Provider Relief Funds and similar programs in the U.K. and Canada, our share of property-level expenses associated with the COVID-19 pandemic relating to our SHO portfolio totaled a benefit of approximately $13 million and $6 million for the three months and six months ended June 30, 2022, respectively, as compared to a benefit of approximately $1 million and $24 million for the three months and six months ended June 30, 2021, respectively. Such amounts had a favorable impact on net income attributable to common stockholders and normalized FFO per diluted share of $0.03 and $0.01 for the three months and six months ended June 30, 2022, respectively, and a favorable impact of less than $0.01 and $0.06 per diluted share for the three months and six months ended June 30, 2021, respectively.
Capital Activity and Liquidity In June 2022, we closed on an amended $5.2 billion unsecured credit facility with improved pricing across our term loans. The credit facility includes $4.0 billion of revolving credit capacity at a borrowing rate of 77.5 basis points over the adjusted SOFR rate, $1.0 billion of USD term loan capacity at a borrowing rate of 85.0 basis points over the adjusted SOFR rate and $250 million CAD term loan capacity at 85.0 basis points over CDOR. In addition, the revolving facility and term loans permit a reduction in the interest rate upon meeting certain reductions in greenhouse gas emissions.
Inclusive of available borrowings under our line of credit, cash and cash equivalents, and restricted cash, as of June 30, 2022, we had $4.1 billion of near-term available liquidity and no material senior unsecured note maturities until 2024. During the three months ended June 30, 2022, we settled 9.4 million shares of common stock that were sold under our ATM program via forward sale agreements, resulting in $820 million of gross proceeds. During the quarter, we extinguished $96 million of secured debt at a blended average interest rate of 4.09%.
On May 24, 2022, Welltower OP Inc., a wholly owned subsidiary of Welltower Inc., converted from a Delaware corporation into a Delaware limited liability company named Welltower OP LLC, effectively completing the formation of an UPREIT structure. This reorganization aligns our corporate structure with other publicly traded REITs and allows us to more efficiently acquire properties in a tax-deferred manner. Detailed information on the UPREIT reorganization can be found in the Form 8-K filed on May 23, 2022 and on our website.
Investment and Disposition Activity In the second quarter, we completed $1.6 billion of pro rata gross investments including $1.1 billion in acquisitions and loan funding, as well as $448 million in development funding. Transactions during this period were funded, in part, through the issuance of OP Units. We opened three development projects for an aggregate pro rata investment amount of $84 million. Additionally, during the quarter we completed pro rata property dispositions and loan payoffs of $101 million.
Notable Investment Activity Completed During the Quarter
Calamar During the second quarter, we acquired a portfolio of 25 senior apartment communities in non-coastal East Coast and Midwest markets, including 20 newer vintage properties and five properties currently in development, for $502 million or $172,000 per unit. The transaction was funded through cash, the assumption of debt and the issuance of OP Units. With the closing of this transaction, Welltower, as the largest owner of moderately priced age-restricted and age-targeted rental housing in the U.S., significantly expanded its market leadership with a total of nearly 10,000 units.
Cogir Management Corporation We continued to grow our relationship with Cogir, closing on three separate transactions during the quarter. In April, we closed on a three-property portfolio in Washington state for a pro rata purchase price of $244 million in a 90/10 joint venture, where Cogir also assumed the management of the properties.
Additionally, we closed on two properties in Montreal, Quebec for a pro rata purchase price of $102 million in a 95/5 joint venture and one property in Brentwood, California for a pro rata purchase price of $35 million in a 90/10 joint venture. Here to, Cogir assumed the management of the properties upon closing.
Oakmont Management Group During the quarter, we further expanded our relationship with Oakmont through the acquisition of an assisted living and memory care facility in Bakersfield, California for $22 million.
StoryPoint Senior Living As previously announced, we entered into an agreement to expand our relationship with StoryPoint Senior Living, a preeminent senior living operator based in Brighton, Michigan, through the acquisition of 33 communities throughout Michigan, Ohio and Tennessee under an aligned RIDEA 3.0 contract. During April, we closed on the first tranche through the acquisition of two recently opened communities located in Ohio and Tennessee for a pro rata purchase price of $65 million. The portfolio was acquired at a significant discount to estimated replacement cost and is expected to generate a high single-digit unlevered IRR.
Treplus Communities During the second quarter, we expanded our relationship with Treplus Communities through the acquisition of a portfolio of three class-A wellness housing communities in the Midwest. The communities feature unique environments with individual cottage style units, clubhouses, 24/7 concierge services, and offer residents a wellness-oriented social lifestyle.
Outpatient Medical Acquisition During the quarter, we acquired a medical office building in Pleasanton, California for $35 million. The property has approximately 93,000 rentable square feet and is currently 90% leased.
Other Transactions Additionally during the second quarter, we acquired four medical office buildings for $68 million. We disposed of two properties previously leased to Genesis Healthcare and one seniors housing operating property for proceeds of $21 million.
Investment Activity Subsequent to Quarter End
West Coast Transition Portfolio In July, we commenced the previously announced transition of 12 well-located properties on the West Coast of the U.S., representing 2,010 assisted living units, to three best-in-class operators in Oakmont, Cogir and Kisco Senior Living under well-aligned management contracts. The transitions are expected to drive improved NOI through both higher occupancy and lower expenses. Cogir and Kisco will each assume management of one property in markets where they will have existing local scale.
Oakmont Management Group In July, we continued to expand our relationship with Oakmont through the acquisition of three newly-constructed rental communities and three stable entrance fee communities in high barrier-to-entry California markets for an aggregate purchase price of $312 million. The portfolio will be managed by Oakmont under a RIDEA 3.0 management contract.
Dividend On August 9, 2022, the Board of Directors declared a cash dividend for the quarter ended June 30, 2022 of $0.61 per share. This dividend, which will be paid on August 31, 2022 to stockholders of record as of August 23, 2022, will be our 205th consecutive quarterly cash dividend. The declaration and payment of future quarterly dividends remains subject to review and approval by the Board of Directors.
Outlook for Third Quarter 2022 The degree to which the COVID-19 pandemic continues to impact our operations and those of our operators and tenants, including the variability in the timing of recovery, is dependent on a variety of factors and remains highly uncertain. Accordingly, we are only introducing earnings guidance for the quarter ended September 30, 2022 and expect to report net income attributable to common stockholders in a range of $0.12 to $0.17 per diluted share and normalized FFO attributable to common stockholders in a range of $0.82 to $0.87 per diluted share. In preparing our guidance, we have made the following assumptions:
- Same Store NOI: We expect average blended SSNOI growth of 7% to 9%, which is comprised of the following components:
- Provider Relief Funds: Our third quarter guidance includes approximately $7 million of Provider Relief Funds, which are expected to be received during the quarter.
- Impact of Interest Rates and Foreign Exchange Rates: Increased interest rates on floating rate debt and a strengthening U.S. Dollar relative to the British Pound and Canadian Dollar are expected to reduce third quarter 2022 normalized FFO attributable to common stockholders by approximately $0.03 per diluted share versus the second quarter 2022 and $0.04 per diluted share versus the third quarter 2021.
- General and Administrative Expenses: We anticipate third quarter general and administrative expenses to be approximately $34 million to $36 million and stock-based compensation expense to be approximately $5 million.
- Investments: Our earnings guidance includes only those acquisitions closed or announced to date. Furthermore, no transitions or restructures beyond those announced to date are included.
- Development: We anticipate funding approximately $670 million of development through the remainder of 2022 relating to projects underway on June 30, 2022.
- Dispositions: We expect pro rata disposition proceeds of $258 million at a blended yield of 5.9% in the next twelve months. This includes approximately $231 million of expected proceeds from properties classified as held-for-sale as of June 30, 2022 and $27 million of expected proceeds from loan repayments.
Our guidance does not include any additional investments, dispositions or capital transactions beyond those we have announced, nor any other expenses, impairments, unanticipated additions to the loan loss reserve or other additional normalizing items. Please see the Supplemental Reporting Measures section for further discussion and our definition of normalized FFO and SSNOI and Exhibit 3 for a reconciliation of the outlook for net income available to common stockholders to normalized FFO attributable to common stockholders. We will provide additional detail regarding our third quarter outlook and assumptions on the second quarter 2022 conference call.
Conference Call Information We have scheduled a conference call on Wednesday, August 10, 2022 at 9:00 a.m. Eastern Time to discuss our second quarter 2022 results, industry trends and portfolio performance. Telephone access will be available by dialing (888) 340-5024 or (646) 960-0135 (international). For those unable to listen to the call live, a taped rebroadcast will be available beginning two hours after completion of the call through August 17, 2022. To access the rebroadcast, dial (800) 770-2030 or (647) 362-9199 (international). The conference ID number is 8230248. To participate in the webcast, log on to www.welltower.com 15 minutes before the call to download the necessary software. Replays will be available for 90 days.
Supplemental Reporting Measures We believe that net income and net income attributable to common stockholders ("NICS"), as defined by U.S. generally accepted accounting principles ("U.S. GAAP"), are the most appropriate earnings measurements. However, we consider funds from operations ("FFO"), normalized FFO, NOI, SSNOI, REVPOR and SS REVPOR to be useful supplemental measures of our operating performance. These supplemental measures are disclosed on our pro rata ownership basis. Pro rata amounts are derived by reducing consolidated amounts for minority partners' noncontrolling ownership interests and adding our minority ownership share of unconsolidated amounts. We do not control unconsolidated investments. While we consider pro rata disclosures useful, they may not accurately depict the legal and economic implications of our joint venture arrangements and should be used with caution.
Historical cost accounting for real estate assets in accordance with U.S. GAAP implicitly assumes that the value of real estate assets diminishes predictably over time as evidenced by the provision for depreciation. However, since real estate values have historically risen or fallen with market conditions, many industry investors and analysts have considered presentations of operating results for real estate companies that use historical cost accounting to be insufficient. In response, the National Association of Real Estate Investment Trusts ("NAREIT") created FFO as a supplemental measure of operating performance for REITs that excludes historical cost depreciation from net income. FFO attributable to common stockholders, as defined by NAREIT, means net income attributable to common stockholders, computed in accordance with U.S. GAAP, excluding gains (or losses) from sales of real estate and impairments of depreciable assets, plus real estate depreciation and amortization, and after adjustments for unconsolidated entities and noncontrolling interests. Normalized FFO attributable to common stockholders represents FFO attributable to common stockholders adjusted for certain items detailed in Exhibit 2. We believe that normalized FFO attributable to common stockholders is a useful supplemental measure of operating performance because investors and equity analysts may use this measure to compare the operating performance of the Company between periods or as compared to other REITs or other companies on a consistent basis without having to account for differences caused by unanticipated and/or incalculable items. In addition, we believe that presentation of constant currency normalized FFO exclusive of Provider Relief Funds provides enhanced comparability for investor evaluations of period-over-period results.
We define NOI as total revenues, including tenant reimbursements, less property operating expenses. Property operating expenses represent costs associated with managing, maintaining and servicing tenants for our properties. These expenses include, but are not limited to, property-related payroll and benefits, property management fees paid to operators, marketing, housekeeping, food service, maintenance, utilities, property taxes and insurance. General and administrative expenses represent costs unrelated to property operations or transaction costs. These expenses include, but are not limited to, payroll and benefits, professional services, office expenses and depreciation of corporate fixed assets. SSNOI is used to evaluate the operating performance of our properties using a consistent population which controls for changes in the composition of our portfolio. As used herein, same store is generally defined as those revenue-generating properties in the portfolio for the relevant year-over-year reporting periods. Acquisitions and development conversions are included in the same store amounts five full quarters after acquisition or being placed into service. Land parcels, loans and sub-leases, as well as any properties sold or classified as held for sale during the period, are excluded from the same store amounts. Redeveloped properties (including major refurbishments of a Seniors Housing Operating property where 20% or more of units are simultaneously taken out of commission for 30 days or more or Outpatient Medical properties undergoing a change in intended use) are excluded from the same store amounts until five full quarters post completion of the redevelopment. Properties undergoing operator transitions and/or segment transitions are also excluded from the same store amounts until five full quarters post completion of the operator transition or segment transition. In addition, properties significantly impacted by force majeure, acts of God or other extraordinary adverse events are excluded from same store amounts until five full quarters after the properties are placed back into service. SSNOI excludes non-cash NOI and includes adjustments to present consistent property ownership percentages and to translate Canadian properties and UK properties using a consistent exchange rate. Normalizers include adjustments that in management's opinion are appropriate in considering SSNOI, a supplemental, non-GAAP performance measure. None of these adjustments, which may increase or decrease SSNOI, are reflected in our financial statements prepared in accordance with U.S. GAAP. Significant normalizers (defined as any that individually exceed 0.50% of SSNOI growth per property type) are separately disclosed and explained. We believe NOI and SSNOI provide investors relevant and useful information because they measure the operating performance of our properties at the property level on an unleveraged basis. We use NOI and SSNOI to make decisions about resource allocations and to assess the property level performance of our properties. No reconciliation of the forecasted range for SSNOI on a combined basis or by property type is included in this release because we are unable to quantify certain amounts that would be required to be included in the comparable GAAP financial measure without unreasonable efforts, and we believe such reconciliation would imply a degree of precision that could be confusing or misleading to investors.
REVPOR represents the average revenues generated per occupied room per month at our Seniors Housing Operating properties. It is calculated as our pro rata version of total resident fees and services revenues from the income statement divided by average monthly occupied room days. SS REVPOR is used to evaluate the REVPOR performance of our properties under a consistent population which eliminates changes in the composition of our portfolio. It is based on the same pool of properties used for SSNOI and includes any revenue normalizations used for SSNOI. We use REVPOR and SS REVPOR to evaluate the revenue-generating capacity and profit potential of our Seniors Housing Operating portfolio independent of fluctuating occupancy rates. They are also used in comparison against industry and competitor statistics, if known, to evaluate the quality of our Seniors Housing Operating portfolio.
Our supplemental reporting measures and similarly entitled financial measures are widely used by investors, equity and debt analysts and ratings agencies in the valuation, comparison, rating and investment recommendations of companies. Our management uses these financial measures to facilitate internal and external comparisons to historical operating results and in making operating decisions. Additionally, they are utilized by the Board of Directors to evaluate management. The supplemental reporting measures do not represent net income or cash flow provided from operating activities as determined in accordance with U.S. GAAP and should not be considered as alternative measures of profitability or liquidity. Finally, the supplemental reporting measures, as defined by us, may not be comparable to similarly entitled items reported by other real estate investment trusts or other companies. Please see the exhibits for reconciliations of supplemental reporting measures and the supplemental information package for the quarter ended June 30, 2022, which is available on the Company's website (www.welltower.com), for information and reconciliations of additional supplemental reporting measures.
About Welltower Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower™, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties. More information is available at www.welltower.com. We routinely post important information on our website at www.welltower.com in the "Investors" section, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included on our website under the heading "Investors". Accordingly, investors should monitor such portion of our website in addition to following our press releases, public conference calls and filings with the Securities and Exchange Commission. The information on our website is not incorporated by reference in this press release, and our web address is included as an inactive textual reference only.
Forward-Looking Statements and Risk Factors This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. When Welltower uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "pro forma," "estimate" or similar expressions that do not relate solely to historical matters, Welltower is making forward-looking statements. Forward-looking statements, including statements related to Funds From Operations guidance, are not guarantees of future performance and involve risks and uncertainties that may cause Welltower's actual results to differ materially from Welltower's expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to: the impact of the COVID-19 pandemic; uncertainty regarding the implementation and impact of the CARES Act and future stimulus or other COVID-19 relief legislation; the status of the economy; the status of capital markets, including availability and cost of capital; issues facing the health care industry, including compliance with, and changes to, regulations and payment policies, responding to government investigations and punitive settlements and operators'/tenants' difficulty in cost effectively obtaining and maintaining adequate liability and other insurance; changes in financing terms; competition within the health care and seniors housing industries; negative developments in the operating results or financial condition of operators/tenants, including, but not limited to, their ability to pay rent and repay loans; Welltower's ability to transition or sell properties with profitable results; the failure to make new investments or acquisitions as and when anticipated; natural disasters and other acts of God affecting Welltower's properties; Welltower's ability to re-lease space at similar rates as vacancies occur; Welltower's ability to timely reinvest sale proceeds at similar rates to assets sold; operator/tenant or joint venture partner bankruptcies or insolvencies; the cooperation of joint venture partners; government regulations affecting Medicare and Medicaid reimbursement rates and operational requirements; liability or contract claims by or against operators/tenants; unanticipated difficulties and/or expenditures relating to future investments or acquisitions; environmental laws affecting Welltower's properties; changes in rules or practices governing Welltower's financial reporting; the movement of U.S. and foreign currency exchange rates; Welltower's ability to maintain its qualification as a REIT; key management personnel recruitment and retention; and other risks described in Welltower's reports filed from time to time with the SEC. Welltower undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, or to update the reasons why actual results could differ from those projected in any forward-looking statements.
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SEATTLE (AP) _ Omeros Corporation (OMER) on Tuesday reported a loss of $30.8 million in its second quarter.
On a per-share basis, the Seattle-based company said it had a loss of 49 cents. Losses, adjusted to account for discontinued operations, came to 60 cents per share.
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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 OMER at https://www.zacks.com/ap/OMER | https://www.ourmidland.com/business/article/Omeros-Q2-Earnings-Snapshot-17362605.php | 2022-08-09T21:31:47Z | https://www.ourmidland.com/business/article/Omeros-Q2-Earnings-Snapshot-17362605.php | false |
BRUNSWICK, Ga. — Editors note: The video above is of Arbery's mother's reaction to the federal sentencing of her son's killers on Monday
A crowd of dozens chanted on a sweltering street corner Tuesday as Ahmaud Arbery's hometown unveiled new street signs honoring the young Black man who was fatally shot after being chased by three white men in a nearby neighborhood — a crime local officials vowed to never forget.
Arbery's parents joined the celebration the day after the men responsible for their son's death received harsh prison sentences in U.S. District Court for committing federal hate crimes.
RELATED: Ahmaud Arbery's killers will be sentenced for federal hate crimes Monday. Here's what to know.
Officials in coastal Brunswick, where Arbery grew up, have ordered that intersections along all 2.7 miles (4.35 kilometers) of Albany Street that runs through the heart of the city's Black community will have additional signs designating it as Honorary Ahmaud Arbery Street.
The first two signs were unveiled Tuesday at an intersection near the Brunswick African-American Cultural Center, where one wall is adorned with a giant mural of Arbery's smiling face.
"That's an honor, is all I can say," said Brenda Davis, a dock worker at Brunswick's busy seaport who lives on Albany Street along a stretch of modest brick and cinder block homes. "He means something to everybody, though a lot of people didn't know him."
Arbery was killed Feb. 23, 2020, after he was spotting running in the Satilla Shores subdivision not far from his mother's house. A white father and son, Greg and Travis McMichael, grabbed guns and used a pickup truck to chase after Arbery, suspecting he was burglar. A neighbor, William "Roddie" Bryan, joined the pursuit in his own truck and recorded cellphone video of Travis McMichael shooting Arbery at close range with a shotgun.
RELATED: Father, son get life for hate crime in Ahmaud Arbery’s death, neighbor sentenced to 35 years
No arrests were made for more than two months, until the graphic cellphone video leaked online and Georgia state investigators took over the case from local police. Arbery's death reverberated far beyond Brunswick as protests erupted across the U.S. over killings of unarmed Black people such as George Floyd in Minneapolis and Breonna Taylor in Kentucky.
More than two years of criminal proceedings against Arbery's killers concluded Monday as U.S. District Court Judge Lisa Godbey Wood sentenced the McMichaels to life and Bryan to 35 years in prison after their February convictions on federal hate crime charges. All three were already headed to state prison after being found guilty of Arbery's murder last November.
Brunswick weathered both criminal trials without violence as his family insisted any demands for justice be carried out peacefully.
City commissioners voted in December to place Arbery's name on a city street with a resolution proclaiming that he had become "a symbol of strength and unity within our community."
"We did this because we want to always remember what happened," Cornell Harvery, who served as Brunswick's mayor when the street designation was adopted, said Tuesday. "You say, `Why would you want to remember such a tragedy?' Because sometimes it takes that to make a change. I am so sorry for the family ... but history has seized us."
The crowd chanted "Long live Ahmaud Arbery!" as his mother and father tugged on opposite ends of a blue covering to reveal the new street sign bearing their son's name underneath.
Wanda Cooper-Jones, Arbery's mother, said that although she still mourns his death, she also takes pride in what's been accomplished in its wake. Georgia adopted a hate crimes law imposing additional penalties for crimes motivated by a victim's race, religion, sexual orientation or other factors. And state lawmakers gutted an 1863 state law authorizing private citizens to make arrests, which Arbery's pursuers had sought to use to justify the deadly chase.
"I look at the change Ahmaud has brought since his passing," Cooper-Jones told the dozens gathered for the street dedication.
"My only prayer is you guys will not forget his name," she said, breaking down in tears. "Please promise me you guys will always say his name."
For Arbery's family, the court battles aren't over. The McMichaels and Bryan have appealed their murder convictions, and almost surely will appeal the hate crimes verdicts as well.
Meanwhile, Jackie Johnson, the local district attorney at the time of the killing, has been indicted on state misconduct charges alleging she used her position to protect the McMichaels. Greg McMichael was a retired investigator who worked in Johnson's office, and prosecutors say they exchanged several phone calls in the weeks after the shooting. Johnson was voted out of office in the fall of 2020. She has denied wrongdoing.
Still, some in Brunswick are hoping for a respite now that sentences have been imposed in both cases against Arbery's killers.
"There's a sigh of relief now that justice is served," said the Rev. Abra Lattany Reed, a Brunswick native and Methodist minister who attended the street sign dedication Tuesday.
She added: "It would be a fair assessment to say we're tired of the spotlight. This isn't the kind of spotlight you want on your community." | https://www.11alive.com/article/news/crime/ahmaud-arbery/ahmaud-arbery-street-honorary-albany-brunswick-hate-crime-travis-mcmichael-william-roddie-bryan/85-223b9cfa-b4fd-4564-abb4-0e207de60cf7 | 2022-08-09T21:32:31Z | https://www.11alive.com/article/news/crime/ahmaud-arbery/ahmaud-arbery-street-honorary-albany-brunswick-hate-crime-travis-mcmichael-william-roddie-bryan/85-223b9cfa-b4fd-4564-abb4-0e207de60cf7 | false |
WASHINGTON (AP) — Rosie Torres of Robstown, Texas, is no Washington lobbyist, but she’s been making the long trek to Capitol Hill for some 13 years, knocking year after year on lawmakers’ doors. Her mission: Alert them — convince them — that something awful has been happening to Iraq and Afghanistan veterans as a result of constant exposure to toxic military burn pits.
Torres’ husband, Le Roy, suffers from constrictive bronchitis, a respiratory condition that narrowed his airways and made breathing difficult. Rosie is sure it’s from his exposure to burn pits on his base in Iraq. But last week, even with the Senate just hours away from boosting health and disability benefits for veterans like her husband, she still wasn’t sure she had won over lawmakers, despite earlier votes indicating the bill was on the right track.
“It was still too good to be true,” Torres said. “Even when my senators voted, I said, ‘Something is up.’”
Torres was among the veterans and family members camped out at the Capitol last week, refusing to leave until the Senate passed the bill by a final vote of 86-11. That vote, lopsided at the last, was a momentous victory for a movement that has been years in the making but gained serious traction only during the current Congress.
President Joe Biden is scheduled to sign the bill into law on Wednesday.
The White House ceremony culminates an effort that began with the vets themselves and their harrowing stories, eventually amplified for public attention by comedian-activist Jon Stewart and personally embraced by the president, who has voiced his suspicion that burn pits led to his elder son’s death.
In the end, the bill received unanimous support from Democrats and a majority of Republicans despite its hefty price tag, estimated at roughly $280 billion over 10 years.
‘LET’S FULL-THROTTLE AND GET THIS GOING’
Another Texan, former Marine Tim Jensen, who served in Iraq in 2004 and 2005, was also part of the gathering outside the Capitol last week. He said he lost his best friend, Sgt. Frank Hazelwood, to lung cancer, and two other battalion colleagues to illnesses he attributes to serving near burn pits.
“They were all cancers of the brain and the lungs, and these were not cancers typical of that age group,” Jensen said.
He got actively involved some four years ago after a phone call with Torres, who had started an advocacy organization with her husband — Burn Pits 360. The organization serves as a clearinghouse for grim stories related by veterans and their families about the impact they believe burn pits have had on their lives.
What are these burn pits? Big, smelly and nothing anyone would want to breathe, they were commonly used by the military until several years ago to dispose of such things as chemicals, tires, plastics and medical and human waste.
Former Marine Jensen said a pivotal moment in the quest for federal help occurred when Stewart joined the effort, bringing the publicity that comes with celebrity attention.
“Rosie Torres and Burn Pits 360 have been working on this for over 10 years and they were getting very little traction,” Jensen said. “They needed some bigger push, right, to get it into a national conversation.”
Then the White House invited Danielle Robinson, the widow of Sgt. 1st Class Heath Robinson of Ohio, to attend Biden’s State of the Union address in March. During the address, Biden raised the possibility that being near burn pits led to the death of his son Beau.
“We don’t know for sure if a burn pit was the cause of his brain cancer, or the diseases of so many of our troops,” Biden said in the speech. “But I’m committed to finding out everything we can.”
Jensen said, “That’s when we knew we now have the attention and let’s full-throttle and get this thing going.”
“That certainly energized Democrats in the Senate and the House to move,” said Sen. Jerry Moran of Kansas, the ranking Republican on the Senate Committee on Veterans’ Affairs.
On the House side, Rep. Mark Takano, chairman of that chamber’s Committee on Veterans’ Affairs, announced in early 2021 that helping veterans who experienced toxic exposure would be one of the panel’s priorities for the coming Congress. That was not long after Biden had taken the oath of office.
Takano, a California Democrat, recalled on the House floor last month how he briefed the president. He said Biden leaned over and started talking about Beau, who died from brain cancer at age 46. He had served in Iraq for about a year in 2008 and 2009.
“It was during that meeting when I knew I had a partner in President Biden,” Takano said.
The congressman was intent on avoiding a piecemeal approach. He didn’t want the legislation to pit vets from one war against those of another in a fight for limited Department of Veterans Affairs resources.
The bill not only expands health and disability benefits for Iraq and Afghanistan veterans but contains provisions to aid more Vietnam-era vets exposed to Agent Orange. It also provides support to veterans exposed to water contamination at North Carolina’s Camp LeJeune and to radiation in Palomares, Spain, site of one of the largest nuclear disasters in history, and Enewetak Atoll of the Marshall Islands, where the U.S. conducted numerous nuclear tests.
The House passed the first iteration of the bill in March. The vote was 256-174 with most Republicans opposing. They cited costs and the strain it would cause on a VA already struggling to meet current workloads.
‘DO YOUR DUTY AND PASS THIS’
A few weeks after the House vote, Senate Majority Leader Chuck Schumer, D-N.Y., joined Stewart, veterans advocates and Danielle Robinson for a news conference in which she described what it was like being with her husband, for whom the bill is named, in his final moments as he died from lung cancer.
“I ask you to do your duty and pass this,” she implored.
Schumer promised the bill would get a vote in the Senate. “Everyone is going to have to show where they stand, and whose side they are on,” he said.
The Senate was at work on its own version of the bill. Sen. Jon Tester of Montana, the Democratic chairman of the Senate Committee on Veterans’ Affairs, said the veterans groups were clear that the bill was the panel’s No. 1 priority.
Tester had cooperative partners in Moran and Republican John Boozman of Arkansas, with their discussions focused on making sure the VA would be ready for the workload.
“We were talking with the VA. … Are we setting you up for failure? Is this something you can deliver on?” Tester said. “And they assured us they could. There were a few changes we had to make and we made them.”
Those changes included staggering the start for some of the benefit enhancements and providing more flexibility for hiring staff. The changes also helped trim tens of billions of dollars in spending from the House version, giving more Republicans reason to support the final product once it went back to the House.
The slightly trimmed bill ended up passing both chambers with significant bipartisan support. But then lawmakers discovered it contained a revenue-related provision that had to originate in the House, requiring a do-over for a technical fix.
That’s normally a formality, but the do-over was complicated when Republicans unexpectedly blocked the burn pits bill from advancing last month. That was shortly after Schumer announced he had reached agreement with Sen. Joe Manchin, D-W.Va., on a party-line health and climate package paid for in part with higher taxes on corporations. Republicans were angry about that. Veterans were angry, too, that their burn pits bill was blocked, some felt, in retaliation.
Many would spend the next days camped out at the Capitol, taking shifts in Washington’s oppressive humidity and thunderstorms. They got a celebratory ending last week when the Senate passed the measure after giving Republicans a chance to vote on amendments, all defeated.
Moran said the vote reaffirmed to him the Senate could work.
“I’ve never worked or been a United States senator when the Senate functioned well. I missed the days in which that was the case,” he said. “It’s a pleasing circumstance that every so often there are issues and people that come together.” | https://www.kxnet.com/news/politics/ap-politics/burn-pits-recognition-for-veterans-took-decade-of-struggle/ | 2022-08-09T21:33:52Z | https://www.kxnet.com/news/politics/ap-politics/burn-pits-recognition-for-veterans-took-decade-of-struggle/ | true |
Kindergartner removed from private school because of same-sex parents
DEQUINCY, La. (KPLC/Gray News) – A couple’s story went viral after they shared on social media that their daughter’s school told them she could no longer attend because they are in a same-sex marriage.
Monday was supposed to be Zoey’s first day of kindergarten at Bible Baptist Academy, but Jennifer Parker and Emily Parker said they were told by school officials last week that she would not be able to attend.
“We got called into the principal’s office for a meeting, they informed us that Zoey wouldn’t be able to go to school there anymore because of our lifestyle choices,” Jennifer Parker said.
Jennifer Parker and Emily Parker are in a same-sex marriage. They adopted Zoey, Jennifer’s 5-year-old niece, after the girl’s father was in an industrial accident in 2020.
“She lost her father, she lost her mother, and now she’s losing her school, which she loves very much,” Jennifer Parker said.
Zoey, who attended Bible Baptist Academy for Pre-K, was officially adopted by her aunt last week.
However, once word got around of her new family, things changed.
“On the 3rd [of August], we adopted her, and we went to open house, we got the uniforms we got the fees,” Emily Parker said.
The school’s principal and pastor broke the news to the Parkers over the weekend.
“The pastor met us in the meeting room and started talking about gender identification and that they teach the words of the Lord and marriage was between a man and a woman,” Emily Parker said. “They didn’t think this was a good fit.”
Bible Baptist Academy said in a statement that the school is “committed to instructing and living in accordance with the teachings of Scripture.” They say that’s what they strive to teach students who attend.
“This should not be interpreted that we have any hatred or malice toward them. We are just as committed to loving all people as we are to holding to Bible principles that people may not agree with or may not understand,” the school said.
Jennifer Parker said they’ve received overwhelming support from the community, and they are grateful to have offers from other Christian schools in the area.
“It’s a blessing in disguise,” Jennifer Parker said. “We have an opportunity to bring her to a school which is a little closer, and it’s a new opportunity for her to make new friends.”
The full statement from Bible Baptist Academy reads:
“At BBA, we are committed to instructing and living in accordance with the teachings of Scripture. We believe that the Bible teaches that every life has value and that there is dignity in all of us because we have been created in the image of God. The Bible also teaches us to love everyone with the love of God despite their personal choices. We strive to teach this to the students who attend. We encourage them to show love and compassion to everyone. As a Baptist academy, we are also committed to provide an environment that is consistent with the beliefs that we hold. We want our students to not only know our beliefs, but we want them to see them as well. Regarding personal relationships, we hold that those relationships, whether in dating or in marriage, should be between a man and a woman.
We live in wonderful country! We have been granted the freedom to worship as we see fit. And as a Christian institution, we are protected by federal laws that give us the opportunity to teach and practice our beliefs. We feel deeply that our first obligation is to God and being faithful to Him. There are times where our commitment to upholding our Christian values will not line up with the values of other people. This should not be interpreted that we have any hatred or malice toward them. We are just as committed to loving all people as we are to holding to Bible principles that people may not agree with or may not understand.
BBA is committed to academic excellence with rich Scriptural instruction.”
Copyright 2022 KPLC via Gray Media Group, Inc. All rights reserved. | https://www.wymt.com/2022/08/09/kindergartner-removed-private-school-because-same-sex-parents/ | 2022-08-09T21:34:02Z | https://www.wymt.com/2022/08/09/kindergartner-removed-private-school-because-same-sex-parents/ | true |
WASHINGTON (AP) — Rep. Ilhan Omar, one of the biggest stars of the left, is facing a centrist challenger in her Minnesota congressional primary on Tuesday, while Vermont Democrats will choose a nominee for an open House seat who will likely make history as the first woman representing the state in Congress.
Another key race is unfolding in western Wisconsin, where Democratic Rep. Ron Kind ‘s retirement after 26 years in office opens up a seat in a district that has been trending Republican. Among the candidates running in the Republican primary to replace Kind is a former Navy SEAL who attended the “Stop the Steal” rally in Washington on Jan. 6, 2021, which preceded the insurrection at the U.S. Capitol.
Minnesota is also holding a special election to fill the remaining months of Republican Rep. Jim Hagedorn ‘s term after his death earlier this year from cancer. And voters will be picking nominees for a full term representing the largely rural, Republican-leaning district.
Some of the top elections:
OMAR FACES PRO-POLICE CHALLENGER
A supporter of the “defund the police” movement, Omar is facing a Democratic primary challenge in Minnesota’s 5th Congressional District from a former Minneapolis City Council member who has made rising crime an issue in the race.
Don Samuels’ north Minneapolis base suffers from more violent crime than other parts of the city, and the moderate Democrat helped defeat a ballot question that sought to replace the city police department with a new public safety unit.
Omar has defended calls to redirect public safety funding more into community-based programs.
Samuels and others also successfully sued the city to force it to meet minimum police staffing levels called for in Minneapolis’ charter. Samuels says Omar, one of the leading voices in the national progressive movement, is divisive. He’s attracted big bucks to his campaign, though Omar as the incumbent has a significant cash advantage.
Omar, who crushed a similar primary challenge two years ago from a well-funded but lesser-known opponent than Samuels, has said she expects to win easily.
Two other members of the progressive Squad in Congress — Rep. Rashida Tlaib of Michigan and Rep. Cori Bush of Missouri — won their Democratic primaries last week.
SPECIAL ELECTION AND PRIMARY ELECTION IN MINNESOTA
Voters in the 1st Congressional District in southern Minnesota will be weighing in on two races related to the seat.
In the special election, voters will choose between Republican Brad Finstad, who served in the U.S. Department of Agriculture during the Trump administration, and Democrat Jeff Ettinger, a former chief executive at Hormel Foods. Both won a May 24 special primary election for Hagedorn’s seat, and Tuesday’s winner will serve until January.
Finstad and Ettinger are also running in their parties’ primaries for a full term in the district, which includes Rochester and Mankato. Ettinger faces mostly token opposition, but Finstad is expecting a strong challenge from state Rep. Jeremy Munson, whom he just narrowly defeated in the special election primary.
Munson has the support of Texas Sen. Ted Cruz and Ohio Rep. Jim Jordan. He has said he doesn’t think President Joe Biden’s victory was legitimate, despite federal and state election officials, courts and Trump’s own attorney general saying there was no credible evidence the election was tainted.
WISCONSIN: REPLACING RON KIND
Republicans see a pickup opportunity in Wisconsin’s 3rd Congressional District, the seat being vacated by Democratic incumbent Kind.
The district covers a swath of counties along Wisconsin’s western border with Minnesota and includes La Crosse and Eau Claire. Republican Derrick Van Orden is running unopposed in his primary Tuesday and has Trump’s endorsement.
Van Orden narrowly lost to Kind in the 2020 general election. He attended Trump’s “Stop the Steal” rally near the White House but has said he never stepped foot on the grounds of the Capitol during the insurrection.
Four Democrats are competing to succeed Kind, including state Sen. Brad Pfaff, who previously worked for the retiring lawmaker and briefly served as state agriculture secretary. Pfaff has Kind’s endorsement.
The others are small-business owner Rebecca Cooke, retired CIA officer Deb McGrath and La Crosse City Council member Mark Neumann.
RARE VERMONT OPEN SENATE SEAT SPARKS HEATED HOUSE PRIMARY
The retirement of Democratic Sen. Patrick Leahy, the Senate’s longest-serving member, has opened the door for Vermont to elect its first-ever female member of the state’s congressional delegation.
Rep. Peter Welch, who currently holds Vermont’s lone House seat, is running to replace Leahy. The race to succeed Welch has largely centered around two Democratic women.
Lt. Gov. Molly Gray, a centrist who is a former staffer for Welch and has been backed by Leahy and former Vermont Gov. Howard Dean, is squaring off against Becca Balint, the president pro tempore of the state Senate. Balint has endorsements from progressive leaders, including Vermont Sen. Bernie Sanders, Massachusetts Sen. Elizabeth Warren and Rep. Pramila Jayapal, chair of the Congressional Progressive Caucus.
The winner immediately becomes the favorite in November’s general election — and could shape whether Vermont’s congressional politics going forward is dominated by Leahy’s largely centrist views or the progressive values more closely aligned with Sanders.
___
Associated Press writers Doug Glass in Minneapolis, Scott Bauer in Madison, Wis., and Wilson Ring in Montpelier, Vt., contributed to this report.
___
Follow AP for full coverage of the midterms at https://apnews.com/hub/2022-midterm-elections and on Twitter at https://twitter.com/ap_politics. | https://www.kxnet.com/news/top-stories/ap-top-headlines/ilhan-omar-faces-centrist-rival-open-house-seat-in-vermont/ | 2022-08-09T21:34:37Z | https://www.kxnet.com/news/top-stories/ap-top-headlines/ilhan-omar-faces-centrist-rival-open-house-seat-in-vermont/ | false |
New Jersey Commissioner of Environmental Protection Shawn M. LaTourette issued a statewide drought watch Tuesday as oppressive heat continues to scorch the Garden State.
The Murphy administration is now calling on residents and businesses to limit water use as dry and hot conditions stress water supply in the state.
Voluntary water conservation practices during the watch can help avoid more serious and restrictive drought conditions later on, the NJDEP said.
“Stream flow and groundwater levels are falling below normal for most of the state and some reservoirs are showing steep rates of decline as hot and dry conditions continue,” LaTourette said in a statement.
“While water conservation is always important, it becomes critical during prolonged dry and hot periods like New Jersey has been experiencing. If residents and businesses do all they can to reduce water demand, together we can ensure ample supplies in the coming weeks and months.”
The NJDEP says it is continuing to closely monitor drought indicators like precipitation, stream flows, reservoir levels, groundwater levels and water demand. The agency said in a statement that it will inform the public, local governments, and water systems of future steps needed to stop more severe conditions.
A drought watch declaration is the first tier in the Garden State’s three-stage drought warning system. A drought watch intends to spread public awareness of the stress on water supply and signals the need for voluntary water conservation measures, the NJDEP said.
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To help conserve water, the NJDEP recommends reducing watering of lawns and landscaping, reducing the washing of vehicles and cutting back “nonessential” activities such as hosing off driveways and sidewalks. The agency also recommends only watering plants when needed, avoiding toys with water streams and covering pools when not in use.
“At this time of year, more than 30 percent of water demand in suburban areas is for outdoor purposes, much of which can be reduced or avoided,” the NJDEP said.
But the effects of the sizzling heat could extend well past residences -- all the way to the grocery store.
NBC10’s Danny Freeman spoke to farmers at Blueberry Bill Farms in Hammonton, N.J., who say that the farm switched eight years ago from wasteful sprinklers to a drip irrigation system, which the state recommends to conserve water.
The farmers added that they work hard to not pass along costs to consumers, but because there’s no rain, they have spent three times the normal amount of money of fuel aone to keep the irrigation engines running.
“Every year we have rain,” farmer Jose Ruiz told NBC10. “But this year … I don’t know why we don’t have any rain. We have no more rain.” | https://www.nbcphiladelphia.com/news/local/nj-drought-watch-residents-businesses-urged-to-conserve-water/3330472/ | 2022-08-09T21:34:44Z | https://www.nbcphiladelphia.com/news/local/nj-drought-watch-residents-businesses-urged-to-conserve-water/3330472/ | true |
D.C. Mayor Muriel E. Bowser is catching it from all directions over a problem she had no hand in creating, and for which she, as D.C.'s chief executive, lacks both the responsibility and capacity to solve.
On the home front, Bowser (D) is being condemned for not devoting more city treasure and staff to helping volunteer groups overwhelmed by the task of greeting thousands of asylum seekers with the intake processing, food, medical care, clothing, hygiene kits and emergency housing that they need.
Bowser is also taking a huge hit from some city politicians and immigration advocates for asking the Biden administration to mobilize the D.C. National Guard to help respond to the crisis. Bowser seeks a suitable federal site for a processing center, along with space for feeding and housing support.
Some aid groups characterize Bowser’s National Guard request as akin to treating migrants like combatants. “The last thing we want is a militarized response to a humanitarian crisis,” said Andrea Scherff, an organizer with the Migrant Solidarity Mutual Aid Network.
A few words about the National Guard and ill-informed references to militarization.
There wasn’t much of an outcry against a “militarized” response when thousands of National Guard members were deployed to provide humanitarian relief to Gulf Coast communities devastated by Hurricane Katrina.
Neither were Guard members issued a “confined to quarters” command when the covid-19 pandemic struck. Guard members have administered more than 8 million coronavirus tests, and they’ve also helped out in long-term care facilities.
When covid-19 first hit, there were concerns about space for medical and other facilities — the same kinds of concerns now expressed by Bowser. Fear of being “militarized” didn’t enter the picture as National Guard members worked with the Army Corps of Engineers to create care facilities in major cities. “Ultimately, we built a 15,000-bed capability that didn’t exist prior to the pandemic,” said a Guard spokesman.
A fact: Guard members do fight. In fact, they are actively engaged in fighting wildfires in the West, rescuing civilians along the way. Wonder how those survivors feel about their rescuers showing up in uniforms?
It makes sense for D.C.’s mayor, confronted with an unplanned arrival of thousands of migrants in desperate need to seek a contingent of Guard members and the D.C. Armory to serve as staff and location for a humanitarian respite center. Unfortunately, Bowser does not have the same authority over the National Guard afforded to governors of states and territories.
Are Abbott and Ducey cynically exploiting the innocent to pull a stunt aimed at Biden? Of course. But the price is being paid by D.C.
The migration crisis is not a military event. The ongoing migrant surge is, however, a federal problem. And it requires a federal response. And shame on the White House officials criticizing Bowser’s federal aid request, suggesting it plays into the hands of Biden’s Republican critics.
What, pray tell, is the White House saying? “C’mon Bowser, take one for the team?”
Local jurisdictions such as D.C., New York City and state capital leaders in Austin and Phoenix can help address the needs of people coming across the southern border. But ultimate responsibility must rest with a federal government that created the policies and rightly supports international agreements giving those arriving at the U.S. border the right to request asylum without being criminalized or turned back.
The Biden administration must own up to the asylum-seeking migrant problem, just as it responded to last summer’s arrival of thousands of Afghan refugees. Just as it announced in July a contribution of more than $350 million in humanitarian assistance to displaced Ukrainians.
At a minimum, state and local jurisdictions should be reimbursed for every dime spent helping destitute immigrants admitted into the United States. The money is there, fully appropriated in the foreign aid budget.
The United States provides millions in foreign aid helping El Salvador, Honduras and Guatemala stanch migration flow by fighting poverty, violence and corruption. Nicaragua, despite its repressive antidemocratic ruler Daniel Ortega, is also receiving millions in assistance.
The ongoing trek of migrants away from their countries may well be evidence of foreign aid’s failure. Those American tax dollars should be transferred to where they might do the most good: back in to the United States helping vulnerable migrants with meager belongings to get off park benches, out of train stations, and on the path to obtaining human services they need.
Mayor Bowser, and local jurisdictions around the country, properly and federally supported, can and should help with that. | https://www.washingtonpost.com/opinions/2022/08/09/migrants-bused-abbot-ducey-dc-responsibility/ | 2022-08-09T21:34:44Z | https://www.washingtonpost.com/opinions/2022/08/09/migrants-bused-abbot-ducey-dc-responsibility/ | false |
Which turmeric supplement is best?
Turmeric is both a plant native to Asia and Central America and the spice that’s derived from said plant. It’s used to flavor foods, as a dye and in supplement form, to combat inflammation among other symptoms and conditions. Turmeric supplements may also include extra ingredients for additional beneficial effects.
The best turmeric supplement is the Garden of Life MyKind Organics Extra-Strength Turmeric Supplement. You only need to take one pill a day, and it includes extra ingredients for better absorption and to aid your digestion.
What to know before you buy a turmeric supplement
What is turmeric good for?
Turmeric supplements mainly work to reduce inflammation, which can also soothe pain. Some conditions that can respond well to these effects include:
- Arthritis
- Back pain
- Digestion issues
- Headaches
- Heartburn
- Menstrual pain
- Muscle and joint swelling
- Skin inflammation
Forms
Turmeric supplements come in three forms.
- Capsules come in quick-dissolve packets. These are often the easiest to swallow due to their slick nature, but they can also be pulled open to add the powder to something else.
- Pills are made of tightly compressed powder. They can be hard to swallow for some and if you can’t swallow them they need to be crushed, which is difficult, or chewed, which is bitter.
- Powders easily let you add your supplement to a drink or food. This isn’t recommended for turmeric as it imparts a bitter flavor if too much is used; considering the size of most supplement doses, this is all but assured.
Dosage
Turmeric supplement dosage can be split between potency and quantity.
- Potency refers to how much turmeric is included in one dose. It can be as little as 100 milligrams or as much as 1,500 milligrams. Crucially, many supplements require you to take several servings throughout the day to reach a full dose.
- Quantity, then, refers to how many servings are included. For example, one 1,500 milligram dose may require three servings to reach and the bottle includes 90 servings, meaning that the bottle has 30 days’ worth of doses.
What to look for in a quality turmeric supplement
Non-genetically modified organisms
Most supplements, turmeric or not, don’t use any genetically modified ingredients, including pesticides and the like. Look for the United States Department of Agriculture’s certification; if it lacks it, it may not actually be non-GMO.
Dietary compliance
Most turmeric supplements aim to be compatible with as many dietary restrictions as possible. This includes being manufactured in facilities with no risk of cross-contamination from allergens such as nuts or shellfish and refusing to use ingredients that would make them unusable by those who adhere to kosher, vegan and gluten-free lifestyles.
Other ingredients
Turmeric supplements often include extra ingredients to tackle more issues than just inflammation.
- Black pepper extract is the most common extra ingredient, often going by Bioperine. It helps the body absorb curcumin, the primary compound of turmeric and the compound responsible for the beneficial effects.
- Ginger root is also common as it also aids in absorption.
- Probiotics are the last most common addition. They help with digestive issues, both those you may already have and those that large doses of turmeric supplements can cause.
How much you can expect to spend on a turmeric supplement
They can cost as little as $5 to as much as $50. Cost mainly depends on the size and quantity of doses included, but extra ingredients and brand names can also add to the cost.
Turmeric supplement FAQ
Are there reasons not to take turmeric supplements?
A. There are a few groups of people and some situations that call for avoiding turmeric supplements:
- It can thin the blood and cause the clotting process to slow down, so it should be avoided if you’re on blood thinners or have blood-related issues
- Those who are pregnant, breastfeeding or have estrogen-related hormonal issues.
- Diabetics as it can raise your blood sugar.
- Those with sensitive stomachs.
Do turmeric supplements have any side effects?
A. Yes, though they’re rare unless you take a high dose. These side effects can include:
- Diarrhea
- Dizziness
- High heart rate
- Lightheadedness
- Nausea
- Vomiting
Other side effects are possible if the supplement contains other ingredients besides turmeric.
What’s the best turmeric supplement to buy?
Top turmeric supplement
Garden of Life MyKind Organics Extra Strength Turmeric Supplement
What you need to know: Just one of these a day can ease multiple issues.
What you’ll love: Besides the anti-inflammation from turmeric, this supplement includes black pepper for better absorption, probiotics for digestion and ginger for increased bioavailability. All ingredients are non-GMO and the capsules are gluten-free, vegan-friendly and kosher-friendly. It comes with 60 or 120 servings.
What you should consider: It has a lower dose of turmeric than many other supplements. The pills are large so some customers struggled to swallow them.
Where to buy: Sold by Amazon and iHerb
Top turmeric supplement for the money
BioSchwarts Turmeric Curcumin With Bioperine Supplement
What you need to know: This supplement offers one of the highest dosages of turmeric you can find.
What you’ll love: It’s almost entirely turmeric with only 10 milligrams of black pepper to boost absorption out of the 1,500-milligram dose. There are no allergens in the gluten-free and vegan-friendly capsule including soy, nuts or shellfish. It’s made in the U.S.
What you should consider: With the high dosage comes a high chance of side effects such as gas, nausea and stomach cramps. It can take time to start noticing positive effects.
Where to buy: Sold by Amazon and iHerb
Worth checking out
MegaFood Turmeric Curcumin Extra Strength Supplement
What you need to know: This supplement has one of the longest ingredient lists for improving whole-body health.
What you’ll love: You only need two capsules a day and they can be taken anytime, including on an empty stomach. Besides turmeric, this also contains black pepper for absorption and a blend of fruits for nutrition and antioxidation. It comes in 60-, 90- or 120-count bottles.
What you should consider: It costs a little more than most turmeric supplements. Some purchases received broken bottles. Others took them for months and didn’t feel any positive effects.
Where to buy: Sold by Amazon and iHerb
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://www.kxnet.com/reviews/br/health-wellness-br/supplements-br/best-turmeric-supplement/ | 2022-08-09T21:35:14Z | https://www.kxnet.com/reviews/br/health-wellness-br/supplements-br/best-turmeric-supplement/ | false |
A grand jury in Mississippi has declined to indict the white woman whose accusation set off the lynching of Black teenager Emmett Till nearly 70 years ago, despite revelations about an unserved arrest warrant and a newly revealed memoir by the woman, a prosecutor said Tuesday.
A Leflore County grand jury considered evidence and testimony regarding Carolyn Bryant Donham’s involvement in the kidnapping and death of Till, Leflore County District Attorney Dewayne Richardson said in a news release.
After hearing more than seven hours of testimony from investigators and witnesses, the grand jury determined that there was not sufficient evidence to indict Donham, Richardson said. Charges of both kidnaping and manslaughter were considered.
The news that the grand jury had declined to charge Donham makes it increasingly unlikely that she will ever be prosecuted for her role in the events that led to Till’s death.
A group searching the basement of the Leflore County Courthouse in June discovered the unserved arrest warrant charging Donham, then-husband Roy Bryant and brother-in-law J.W. Milam in Till’s abduction in 1955. While the men were arrested and acquitted on murder charges in Till’s subsequent slaying, Donham, 21 at the time and 87 now, was never taken into custody.
In an unpublished memoir obtained last month by The Associated Press and NBC Chicago, Donham said she was unaware of what would happen to the 14-year-old Till, who lived in Chicago and was visiting relatives in Mississippi when he was abducted, killed and tossed in a river. She accused him of making lewd comments and grabbing her while she worked alone at a family store in Money, Mississippi.
Donham said in the manuscript that the men brought Till to her in the middle of the night for identification but that she tried to help the youth by denying it was him. Despite being abducted at gunpoint from a family home by Roy Bryant and Milam, the 14-year-old identified himself to the men, she claimed.
Till’s battered, disfigured body was found days later in a river, where it was weighted down with a heavy metal fan. The decision by his mother, Mamie Till Mobley, to open Till’s casket for his funeral in Chicago demonstrated the horror of what had happened and added fuel to the civil rights movement. | https://www.nbcnewyork.com/news/national-international/grand-jury-declines-to-indict-woman-in-emmett-till-killing/3817431/ | 2022-08-09T21:36:27Z | https://www.nbcnewyork.com/news/national-international/grand-jury-declines-to-indict-woman-in-emmett-till-killing/3817431/ | true |
Formerly incarcerated California couple weds; bond strengthened over hunger strikes
NORWALK, Calif. - Jack Morris spent the majority of his 40-year prison stint in solitary confinement. Dolores Canales also spent time incarcerated in the SHU – California's nickname for isolation units.
So, it's not lost on them that they will never be alone again.
Morris and Canalas, both 62, were married on July 16 at the Los Caballeros Club in Fountain Valley in Orange County, with more than 100 friends, relatives and prison rights activists cheering as they took their vows.
"You know how they talk about fine wines aging?" Morris said Tuesday in an interview. "This is what this is. Dolores and I. Of course, you know, when we first got together, I had been in prison for 40 years, and I didn't know how to live in a community, and I didn't know how to live with another person. But Dolores helped me learn and experience the finer things in the world."
He added that he loves just holding hands with his new bride.
"And we laugh and we giggle and we see the world through each other's eyes," Morris said.
They chose the date in honor of the three hunger strikes that were held over the use of solitary confinement as punishment in California's prison system. The most famous of the strikes was on July 8, 2013, held outside Pelican Bay State Prison – where Morris lived since 1991 – and where activists carried signs bearing his name and picture.
They even engraved the dates of the hunger strikes on their champagne glasses. And on the day after their wedding, they held a solitary confinement symposium.
The pair first met in September 2017, just after Morris was released from prison, after being convicted of second-degree murder in 1978 when he stabbed a man to death at a fight that got out of hand.
For her part, Canales has spent a total of 20 years in prison, some of it in solitary confinement, for drug-related crimes. She's been sober since 2001 and out of custody since 2009.
A mutual friend, Danny Murillo, founder of UC Berkeley's Underground Scholars, asked Canalas - whom he knew through her prison activism – to give Morris a ride to an event.
"My homeboy just got out," Canales remembers him saying. "And so I went to go pick him up."
The two clicked.
And they had their first official date in Oct. 7, 2017, taking a $1 ferry to Balboa Island in Newport Beach.
"And of course, in 40 years, not ever, you know, having your toes sinking to the sand in the ocean and things like that," Canales said, recalling how special the day was for her and Morris. "So a lot of it was just so intense. Life was so magnified."
Morris also remembers that day so clearly.
"Of course, for me, it was, ‘Oh wow,’" Morris said.
Putting his toes in the sand was so different from the last four decades of living in a concrete box where Morris said he was "surrounded by nothing but steel in my shadow."
MORE: Couple can't get married via video in California prison
A family friend holds a poster of Jack Morris during a hunger strike at Pelican Bay State Prison. Photo: Dolores Canales
Not only do Morris and Canales get each other, have many shared experiences and laugh over the same jokes, they are also both also interested in helping others less fortunate than they are.
For example, Morris loves the way Canales organizes bus trips for families to visit relatives in prison who can't afford the treks themselves.
"We would drive a bus from Los Angeles to the California-Oregon border," Morris said. "All these people we didn't know and just take them to see their family members going to prison."
Morris has been married before but his wife died. This is Canales' first official marriage.
Morris works for the re-entry department at Saint John's Community Health, a federally funded program in Los Angeles. Canales is the director at the Bail Project. The both live in Norwalk, Calif.
The couple plan to honeymoon in Italy and Scotland, and then open up some type of home for foster children or those re-entering society after prison life.
They're not exactly sure what's in store for them in the long-term future.
But what they do know is that they won't be alone again.
"All we know," Morris said, "is that together it's going to be met with us holding hands."
A family friend whose son is still in prison walks Jack Morris down the aisle. Photo: Dolores Canales
This champagne glasses has the dates of California's three prison hunger strikes.
Dolores Canales and Jack Morris were married during the month of prison hunger strikes. Photo: Dolores Canales
This story was reported from Oakland, Calif.
Lisa Fernandez is a reporter for KTVU. Email Lisa at lisa.fernandez@fox.com or call her at 510-874-0139. Or follow her on Twitter @ljfernandez | https://www.fox10phoenix.com/news/formerly-incarcerated-california-couple-weds-bond-strengthened-over-hunger-strikes | 2022-08-09T21:37:16Z | https://www.fox10phoenix.com/news/formerly-incarcerated-california-couple-weds-bond-strengthened-over-hunger-strikes | false |
Welcome to Emmys season: ‘Abbott Elementary,’ ‘Succession,’ Mandy Moore among TCA Award winners
Chicago - The Television Critics Association announced the winners of its prestigious annual awards on Saturday, Aug. 5, unveiling a slate of honorees reflective of the wide range of outstanding storytelling available to viewers of broadcast, cable and streaming TV.
Due to ongoing concerns over the COVID pandemic, the TCA Awards were given out virtually for the third consecutive year.
Topping the list of winners was ABC’s freshman standout "Abbott Elementary," creator Quinta Brunson’s sitcom about a group of dedicated teachers in an underfunded Philadelphia public school. "Abbott Elementary" was named Program of the Year, the association’s top honor, as well as Outstanding New Program and Outstanding Achievement in Comedy. Brunson also received the award for Individual Achievement in Comedy for her work as writer, producer and star.
(ABC/Liliane Lathan)
WATCH FREE ON TUBI: Trailblazing ’70s sitcom "Maude" — get the app
Individual Achievement in Drama went to "This Is Us" star Mandy Moore for her acclaimed performance as Rebecca Pearson in the NBC drama’s final season. FOX film and TV critic Caroline Siede has praised Moore for the "stellar dual [or triple] timeline performances she makes look so effortless."
HBO’s darkly comic media drama "Succession" picked up the award for Outstanding Achievement in Drama, the second time it’s earned the honor in its three-season history. Outstanding Achievement in Movies, Miniseries or Specials went to Hulu’s opioid crisis drama "Dopesick;" star Michael Keaton was also nominated for Individual Achievement in Drama, as was "Succession" Emmy darling Jeremy Strong.
WATCH FREE ON TUBI: Michael Keaton builds the McDonald’s empire in biopic "The Founder" — get the app
Additional series honors went to the Disney+ docuseries "The Beatles: Get Back," which won the Outstanding Achievement in News and Information Award; Netflix’s "I Think You Should Leave With Tim Robinson," the winner of Outstanding Achievement in Variety, Talk, or Sketch; and CBS workhorse "The Amazing Race" and HBO Max’s vibrant ballroom series "Legendary" shared the award for Outstanding Achievement in Reality Programming.
Netflix’s adaptation of "The Baby-Sitters Club" picked up its second consecutive award for Outstanding Achievement in Youth Programming thanks to its excellent second season. The critically-acclaimed series was canceled by Netflix in March 2022.
L-R, top row: Jeremy Strong in "Succession" (HBO), Michael Keaton in "Dopesick" (Hulu), the cast of "The Baby-Sitters Club" (Netflix), Quinta Brunson in "Abbott Elementary" (ABC); second row, Leiomy Maldonado in "Legendary" (HBO Max), "The Amazing Ra
In addition to its awards for the current television season, the Television Critics Association also looks to the past with its Heritage and Career Achievement Awards. Joining recent Heritage Award winners like "The Golden Girls," "Deadwood" and "Friends" is Lucille Ball’s beloved trailblazing sitcom "I Love Lucy," which aired from 1951-1957 and is often called one of the greatest television shows of all time.
WATCH FREE ON TUBI: Lucille Ball’s "I Love Lucy" follow-up "The Lucy Show" — get the app
Voting for the Career Achievement Award, given in recognition of an individual’s body of work over the course of their career, resulted in a tie for the first time in the history of the category. Comedy legend Steve Martin, currently starring in Hulu’s winning mystery series "Only Murders in the Building," and "Cheers" star Ted Danson, recently lauded for his work in metaphysical sitcom "The Good Place," were named joint winners.
Winners were selected by ballots collected from TCA membership, a group of more than 200 TV journalists based in the U.S. and Canada. Read the full list of winners below.
- Individual Achievement In Drama: Mandy Moore (THIS IS US, NBC)
- Individual Achievement In Comedy: Quinta Brunson (ABBOTT ELEMENTARY, ABC)
- Outstanding Achievement In News and Information: THE BEATLES: GET BACK (Disney+)
- Outstanding Achievement In Reality Programming: TIE: THE AMAZING RACE (CBS), LEGENDARY (HBO Max)
- Outstanding Achievement In Youth Programming: THE BABY-SITTERS CLUB (Netflix)
- Outstanding Achievement In Variety, Talk Or Sketch: I THINK YOU SHOULD LEAVE WITH TIM ROBINSON (Netflix)
- Outstanding New Program: ABBOTT ELEMENTARY (ABC)
- Outstanding Achievement In Movies, Miniseries, Or Specials: DOPESICK (Hulu)
- Outstanding Achievement In Drama: SUCCESSION (HBO)
- Outstanding Achievement In Comedy: ABBOTT ELEMENTARY (ABC)
- Program of the Year: ABBOTT ELEMENTARY (ABC)
- Career Achievement Honoree: TIE: Ted Danson & Steve Martin
- Heritage Award: I LOVE LUCY (CBS)
WATCH FREE ON TUBI: Steve Martin in charming ’80s rom-com "Roxanne" — get the app
Past TCA Award winners are listed on the organization’s official website, tvcritics.org/tca-awards.
Your next binge: "Columbo"
Columbo (1968-2003): "Just one more thing..." With those four words, Peter Falk’s Lieutenant Columbo managed to worm his way into the hearts of generations of mystery fans — even becoming something of an unexpected hit during the pandemic. Falk played the disheveled blue-collar detective on and off for 35 years, in various TV movies that aired from the late 1960s right into the early 21st century (winning four Emmys and a Golden Globe in the process). Unlike traditional "whodunit" stories, "Columbo" uses an inverted "howcatchem" formula. Each episode opens by showing the crime and its perpetrator, and the fun comes from seeing Columbo suss out who the culprit is. Rated TV-PG. 16 seasons, 69 episodes.
"Columbo" is streaming free on Tubi — get the app
About the Television Critics Association: The Television Critics Association (TCA) represents more than 200 professional journalists who cover television for publications across the United States and Canada. The members reach tens of millions of consumers each week, and are considered experts within the industry, representing their employers as moderators, panelists, radio/TV guests and more. The prestigious organization honors outstanding achievements in television and enduring contributions to the medium’s heritage through the TCA Awards each year. This year’s TCA Awards are the organization’s 38TH anniversary. For additional information about the TCA, visit www.tvcritics.org; Facebook; and Twitter.
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Tubi is available on Android and iOS mobile devices, Amazon Echo Show, Google Nest Hub Max, Comcast Xfinity X1, Cox Contour, and on OTT devices such as Amazon Fire TV, Vizio TVs, Sony TVs, Samsung TVs, Roku, Apple TV, Chromecast, Android TV, PlayStation 5, Xbox Series X | S, and soon on Hisense TVs globally. Consumers can also watch Tubi content on the web at http://www.tubi.tv/.
Tubi and this television station are both owned by the FOX Corporation. | https://www.fox10phoenix.com/news/television-critics-association-awards-tcas-abbott-elementary-succession-i-love-lucy-mandy-moore | 2022-08-09T21:37:48Z | https://www.fox10phoenix.com/news/television-critics-association-awards-tcas-abbott-elementary-succession-i-love-lucy-mandy-moore | true |
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Record revenue of $40.5 million increased 30% over Q2 2021, with organic revenue growth of 44% and biopreservation media revenue growth of 46%
Updating 2022 revenue guidance to $160 million to $166 million, reflecting year-over-year growth of 34% to 39% and higher organic growth expectations of 37% to 43%
Sequential improvement in adjusted gross margin; on track for continued improvement in 2022
Positive adjusted EBITDA in Q2 2022 of $1.5 million
BOTHELL, Wash., Aug. 9, 2022 /PRNewswire/ -- BioLife Solutions, Inc. (Nasdaq: BLFS) ("BioLife" or the "Company"), a leading developer and supplier of class-defining bioproduction products and services for the cell and gene therapies ("CGT") and the broader biopharma markets, today announced financial results for the three and six months ended June 30, 2022.
Mike Rice, Chairman and CEO, commented, "Our team delivered another quarter of very strong business performance, with substantial revenue growth, and, importantly, sequential gross margin and adjusted EBITDA improvements as we continued to address operational issues with our ultra-low temperature ("ULT") freezer product line."
"Our high margin biopreservation media line continues to deliver exceptional growth, with the second quarter being another quarter of 40%+ year over year growth. As we move past ULT freezer issues, we are now recognizing a non-cash impairment charge against these assets. This adjustment does not limit our view of the unique differentiation of the technology that will be a catalyst for growth with innovative ULT freezer product launches in 2023."
Troy Wichterman, CFO, added, "The second quarter of 2022 was noteworthy for continued strong growth performance alongside significant fundamental improvements and operational progress in our ULT freezer business. Demand for our portfolio is strong, as evidenced by record revenue, strong organic growth, improved gross margin and positive $1.5mm in adjusted EBITDA this quarter, compared to negative $814,000 for the first quarter of 2022. As such, we are tightening our full year 2022 full year revenue guidance."
Operational Highlights
- For the second quarter of 2022, we gained 202 new direct customers sites including 17 now using biopreservation media, 10 using ThawSTAR® systems, 11 now using evo® cold chain management services, 10 now using CBS cryogenic freezers and accessories, 110 new sites now using Stirling ULT freezers and accessories, 30 now using SciSafe® biologic storage services and 14 now using Sexton cell processing products.
- For the second quarter of 2022, we processed 23 new U.S. FDA Drug Master File cross-reference requests, indicating the planned use of CryoStor® or HypoThermosol® in pending cell and gene therapy clinical trials. To date, our biopreservation media products have been used or are planned to be used in more than 550 customer clinical applications, including 10 approved cell and gene therapies, and in at least 10 additional therapies for which regulatory filings are expected to be submitted in 2022 and 2023. We estimate potential annual biopreservation media revenue per approved commercial application to range from $500,000 to $2 million.
- Use of evo cold chain by CGT end customers continued to increase in Q2 2022, with courier partner shipment volume up nearly 100% over Q2 2021. Our evo cold chain platform is currently used to store and transport two approved CAR T-cell therapies and we anticipate two additional global pharma companies will commence use of evo this year for the storage and shipment of an additional four approved CAR T-cell therapies. By mid-2023, we expect the evo platform will be used for all six currently approved CAR T-cell therapies. This adoption validates our belief that the evo platform will increasingly be selected as a class-defining temperature-controlled shipping container and related cloud app by the leading CGT companies.
- Biological storage services revenue increased significantly in Q2 2022 as we onboarded 30 new customers. We expect to commence construction and validation of a nearly 60,000 square foot US-based Center of Excellence Biorepository by the end of 2022 to meet anticipated demand for our high growth, highly profitable biologic storage services.
- ULT freezer quality continued to improve in Q2 2022 and product lead times were reduced from twelve weeks to less than two weeks despite continued supply chain disruptions.
Second Quarter and First Half 2022 Financial Results
BioLife Solutions is presenting various financial metrics under U.S. Generally Accepted Accounting Principles (GAAP) and as adjusted (non-GAAP). A reconciliation of GAAP to non-GAAP metrics appears at the end of this news release.
REVENUE
- Total revenue for the second quarter of 2022 was $40.5 million, an increase of 30% from $31.2 million for the second quarter of 2021, with organic revenue growth of 44%. COVID-19 related revenue accounted for approximately 9% of total revenue.
- Total revenue for the six months ended June 30, 2022 was $76.8 million, an increase of 60% from $48.1 million for 2021, with organic revenue increase of 45%. COVID-19 related revenue accounted for approximately 9% of total revenue.
GROSS MARGIN
- Gross margin (GAAP) for the second quarter of 2022 was 33% compared with 39% for the second quarter of 2021. Adjusted gross margin (non-GAAP) for the second quarter of 2022 was 36% compared with 43% for the second quarter of 2021 and 33% in the first quarter of 2022.
- Gross margin (GAAP) for the six months ended June 30, 2022 was 31% compared with 43% for the six months ended 2021. Adjusted gross margin (non-GAAP) for the six months ended June 30, 2022 was 34% compared with 47% for the six months ended 2021.
- The decline in gross margin in both periods was primarily due to a shift in product mix after the acquisition of Global Cooling, Inc. (Stirling Ultracold), which has lower gross margin than the remainder of BioLife's portfolio. The sequential quarter improvement in GAAP and non-GAAP gross margin was primarily due to improvement on our ULT platform as well as favorable product mix.
OPERATING EXPENSE
- Operating expense (GAAP) for the second quarter of 2022 was $116.8 million compared with $35.8 million for the second quarter of 2021. Adjusted operating expense (non-GAAP) for the second quarter of 2022 was $20.0 million compared with $13.3 million for the second quarter 2021.
- Operating expense (GAAP) for the six months ended June 30, 2022 was $160.6 million compared with $53.6 million for the six months ended June 30, 2021. Adjusted operating expense (non-GAAP) for the six months ended June 30, 2022 was $39.8 million compared with $22.2 million for 2021.
- The increase in GAAP operating expense was primarily due to a non-cash impairment charge of $69.9 million related to the acquired intangible assets of Global Cooling, Inc. (Stirling Ultracold). Adjusted operating expenses (non-GAAP) increased due to the full period of ownership from the acquisition of Global Cooling, Inc. on May 3, 2021, and the acquisition of Sexton Biotechnologies, Inc. on September 1, 2021. In addition, operating expenses increased due to increased accounting costs related to becoming a Large Accelerated Filer and additional headcount to support our growth.
OPERATING INCOME/(LOSS)
- Operating loss (GAAP) for the second quarter of 2022 was $76.3 million compared with operating loss of $4.6 million for the second quarter of 2021. Adjusted operating loss (non-GAAP) for the second quarter of 2022 was $5.4 million compared with adjusted operating income of $65,000 for the second quarter of 2021.
- Operating loss (GAAP) for the six months ended June 30, 2022 was $83.9 million compared with operating loss of $5.5 million for the six months ended June 30, 2021. Adjusted operating loss (non-GAAP) for the six months ended June 30, 2022 was $13.4 million compared with adjusted operating income of $560,000 for the six months ended June 30, 2021.
NET INCOME/(LOSS)
- Net loss (GAAP) for the second quarter of 2022 was $72.6 million compared with net income of $7.9 million for the second quarter of 2021. Adjusted net loss (non-GAAP) for the second quarter of 2022 was $5.5 million compared with adjusted net loss of $56,000 for the second quarter of 2021.
- Net loss (GAAP) for the six months ended June 30, 2022 was $79.6 million compared with net income of $6.8 million for the six months ended June 30, 2021. Adjusted net loss (non-GAAP) for the six months ended June 30, 2022 was $13.5 million compared with adjusted net income of $422,000 for the six months ended June 30, 2021.
EARNINGS/(LOSS) PER SHARE
- Loss per share (GAAP) for the second quarter of 2022 was $1.71 compared with earnings per diluted share of $0.19 for the second quarter of 2021. The non-cash intangible impairment charge accounted for a $1.65 loss per share.
- Loss per share (GAAP) for the six months ended June 30, 2022 was $1.89 compared with earnings per diluted share of $0.17 for the six months ended June 30, 2021. The non-cash intangible impairment charge accounted for a $1.65 loss per share.
ADJUSTED EBITDA
- Adjusted EBITDA, a non-GAAP measure, for the second quarter of 2022 was $1.5 million compared with $3.7 million for the second quarter of 2021.
- Adjusted EBITDA, a non-GAAP measure, for the six months ended June 30, 2022 was $679,000 compared with $6.5 million for the six months ended June 30, 2021.
CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES
- Cash, cash equivalents, and marketable securities as of June 30, 2022 were $46.6 million compared to $59.5 million as of March 31, 2022. The use of cash in the second quarter was primarily related to changes in working capital of $12.4 million, which includes a $7.0 million increase in accounts receivable and a $3.1 million increase in inventories. In addition, capital expenditures were $2.0 million in the second quarter of 2022, primarily related to build outs of our biorepository facilities.
2022 Revenue Guidance
Management is updating 2022 revenue guidance, which is based on expectations for our existing business.
Total revenue for 2022 is expected to range from $160 million to $166 million, reflecting year-over-year growth of 34% to 39% and organic growth of 37% to 43%. COVID-19 related revenue is expected to account for approximately 8% of total revenue.
Total revenue expectations for 2022 include the following platform contributions:
- Cell Processing platform: $67.0 million to $69.5 million, an increase of 49% to 55% over 2021 and organic growth of 42% to 47%. This includes biopreservation media and Sexton products.
- Freezers and Thaw Systems platform: $70.0 million to $71.5 million, an increase of 24% to 26% over 2021 and organic growth of 31% to 34%. COVID-19 related revenue is expected to account for less than 5% of the freezer and thaw systems platform revenue in 2022. This includes ThawStar thawing devices, cryogenic liquid nitrogen freezers and ULT Stirling freezers.
- Storage and Storage Services platform: $23.0 million to $25.0 million, a total and organic increase of 31% to 42% over 2021. COVID-19 related revenue is expected to account for approximately 41% to 45% of the storage and storage services platform revenue. COVID-19 related storage revenue is primarily generated from contracts, including contracts that extend beyond 2022.
Although the Company does not provide guidance below the revenue line, we expect positive 2022 full year adjusted EBITDA.
Conference Call & Webcast
Management will discuss the Company's financial results and provide a general business update on a conference call and live webcast today at 4:30 p.m. ET (1:30 p.m. PT).
To access the webcast, log onto the Investor Relations page of the BioLife Solutions website at https://www.biolifesolutions.com/earnings. In addition, the conference call will be accessible by dialing toll-free (800) 715-9871 for domestic callers and (646) 307-1963 for international callers. The conference ID number is 2389359. A webcast replay will be available approximately two hours after the call and will be archived on https://www.biolifesolutions.com/ for 90 days.
About BioLife Solutions
BioLife Solutions is a leading supplier of class-defining bioproduction tools and services for the cell and gene therapy and broader biopharma markets. Our tools portfolio includes our proprietary CryoStor® and HypoThermosol® biopreservation media for shipping and storage, the ThawSTAR® family of automated, water-free thawing products, evo® cold chain management system, high capacity cryogenic storage freezers, Stirling Ultracold mechanical freezers, SciSafe biologic storage services, and Sexton Biotechnologies cell processing tools. For more information, please visit www.biolifesolutions.com, www.scisafe.com, www.stirlingultracold.com, or www.sextonbio.com and follow BioLife on Twitter.
Cautions Regarding Forward Looking Statements
Except for historical information contained herein, this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements concerning the expected financial performance of the Company following the completion of its 2019, 2020 and 2021 acquisitions and giving effect to the COVID-19 pandemic, the Company's ability to implement its business strategy and anticipated business and operations, in particular following its recent acquisitions and the construction and validation of a center of excellence biorepository, the expected synergies between the Company and the companies and products that it has recently acquired, the Company's ability to realize all or any of the anticipated benefits associated with its recent acquisitions, the Company's ability to address and resolve ULT freezer issues, the potential utility of and market for the Company's products and services, including the adoption of evo cold chain services by all six currently approved CAR T-cell therapies, and the Company's ability to cross sell its products and services, guidance for financial results for 2022, including regarding revenue of its recently acquired products, and potential revenue growth and changes in gross margin, adjusted gross margin and adjusted EBITDA margin, and potential market expansion, including with consideration to our recent acquisitions and giving effect to the COVID-19 pandemic, the Company's anticipated future growth strategy, including the acquisition of synergistic cell and gene therapy manufacturing tools and services or technologies, regulatory approvals and/or commercial manufacturing of our customers' products, and potential customer revenue. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including among other things, unexpected costs, charges or expenses resulting from our recent acquisitions, market adoption of the Company's products (including the Company's recently acquired products), the ability of our recent acquisitions to be accretive on the Company's financial results, the ability of the Company to continue to implement its business strategy, uncertainty regarding third-party market projections, market volatility, competition, litigation, the impact of the COVID-19 pandemic and supply chain issues, and those other factors described in our risk factors set forth in our filings with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We undertake no obligation to update the forward-looking statements contained herein or to reflect events or circumstances occurring after the date hereof, other than as may be required by applicable law.
Non-GAAP Measures of Financial Performance:
To supplement our financial statements, which are presented on the basis of U.S. generally accepted accounting principles (GAAP), the following non-GAAP measures of financial performance are included in this release: adjusted gross profit and gross margin, adjusted operating expenses, adjusted operating income/(loss), adjusted net income/(loss), earnings before interest, taxes, depreciation and amortization (EBITDA), and adjusted EBITDA. A reconciliation of GAAP to adjusted non-GAAP financial measures is included as an attachment to this press release. When analyzing the Company's operating results, investors should not consider non-GAAP measures as substitutes for the comparable financial measures prepared in accordance with GAAP.
Media & Investor Relations
At the Company
Troy Wichterman
Chief Financial Officer
(425) 402-1400
twichterman@biolifesolutions.com
Investors
LHA Investor Relations
Jody Cain
(310) 691-7100
jcain@lhai.com
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SOURCE BioLife Solutions, Inc. | https://www.wbtv.com/prnewswire/2022/08/09/biolife-solutions-reports-second-quarter-2022-financial-results-updates-full-year-2022-revenue-guidance/ | 2022-08-09T21:40:43Z | https://www.wbtv.com/prnewswire/2022/08/09/biolife-solutions-reports-second-quarter-2022-financial-results-updates-full-year-2022-revenue-guidance/ | false |
Review
Book Reviews
Two books dig into the 1990s for the roots of the Trump-era Republican Party
We have never seen a U.S. president's home searched for evidence of a crime the way we saw at Mar-a-Lago this week.
We have never seen a president impeached twice, or a mob attacking the Capitol in an effort to prevent the lawful transfer of power after an election.
Such strange and disturbing events make us wonder what has happened to American politics. Some have looked to the leaders in the Republican Party, expecting them to break with the man at the center of the conflict and controversy — former President Donald Trump.
Instead, these leaders close ranks and defend him. They rally around him and raise money in his name as they condemn the legal process that pursues him. They are betting on Trump as their champion in this year's midterm elections, and he remains the odds-on favorite to be their nominee for president in 2024.
We often hear that Trump has an almost mystical grip on his party and its voting base. Some suggest he alone has been the hero-villain forcing the parties further apart, personalizing the issues and making public discourse more vituperative.
But is Trump solely responsible for the state of politics in America? Is he the cause of the condition of today's GOP, or is he more a symptom?
That question was the starting point for the authors of two new books out this month, both of whom try to follow the river of toxicity back upstream to its true source.
"Donald Trump didn't create this noxious environment," longtime Washington Post columnist Dana Milbank writes in a new book. "He is a monster the Republicans created over a quarter century."
In The Destructionists: The Twenty-five Year Crack-up of the Republican Party, Milbank argues that long before Trump appeared in 2015, the Republican Party had made itself vulnerable to someone like him.
Milbank says Trump came along to exploit that vulnerability, seize the nomination and ride the party's faithful voters to a term in the White House. That voting base held for him through the loss of the House in 2018 and the loss of the Senate and his own re-election campaign in 2020. He and they dealt with this last reversal by simply denying it happened.
Thousands even came to Washington and stormed the Capitol on Jan. 6, 2021 in an effort to prevent the lawful transfer of power.
"The bloody coup attempt shocked the nation," Milbank writes. "But a sober view of history might have lessened the shock. For the seeds of sedition had been planted earlier — 26 years earlier — in that same spot on the West Front of the Capitol."
That rather eyebrow-raising assertion refers to the day in September 1994 when the GOP's firebrand future leader in the House, Newt Gingrich, led 300 Republican candidates in a "Contract with America" pledge that was their campaign manifesto.
"The rise of Gingrich and his shock troops fundamentally altered American government for a generation and counting," Milbank writes, "and set the United States on a course toward the ruinous politics of today."
Milbank describes how Gingrich led the GOP to forsake its traditional conservatism in favor of a hard-edged attack on Democrats, liberals and the social changes of the late 20th century. For Gingrich, it was all fair game to question Democrats' patriotism, integrity and even masculinity.
While Gingrich is his starting point, Milbank's stream gives us more than a dozen key episodes from the eras of previous presidents Bill Clinton, George W. Bush and Barack Obama.
The charges he levels at Gingrich, in particular, anticipate those we now hear against Trump. These include his reliance on attacks without evidence, his penchant for repeating such attacks even when disproven, his studied emphasis on hyperbole and incendiary language ("corrupt," "sick," "criminal," "steal") and his lack of shame when caught in contradiction, hypocrisy or blatant falsehoods.
Milbank reaches back for memories most of us may have wished to forget, such as Steve Stockman the militia-friendly Texas congressman elected in 1994 who insisted the Branch Davidian raid in 1993 had been staged by the FBI and the heavily armed members of the cult had been "executed...so as to prove the need for a ban on so-called assault weapons."
Milbank also devotes a chapter to the multiple probes of the death of Vince Foster, a White House attorney who committed suicide early in the administration of President Bill Clinton. No sooner had one investigation confirmed the suicide than another was begun. Later, the same strategy would be used to keep Hillary Clinton's emails and the death of an American ambassador at Benghazi in 2012 in play as political cudgels for years.
Catalog of offenses
Milbank's catalog of Republican offenses also includes the party's dalliance with various white nationalists, the torture of prisoners and surveillance of U.S. citizens during the War on Terror and the botched response to Hurricane Katrina. Then it's on to lies about "death panels" in Obamacare, Rudy Giuliani's assertion that "truth isn't truth" and Trump's version of what happened at Charlottesville in 2017 ("Very fine people on both sides.")
Milbank argues that Gingrich & Company's treatment of politics as war came to dominate the attitude of GOP candidates at all levels, as well as the outlook of much of the party's activist base. He is especially alarmed at the recent denial of election results and the imposing of new restrictions on voting.
"Admittedly, I'm partisan," Milbank writes, "not for Democrats but for democrats...Republicans have become an authoritarian faction fighting democracy."
Gingrich who is still part of the media conversation as a contributor to Fox News today, comes in for the lion's share of the opprobrium. But Milbank also has plenty left over for other household names such as Sarah Palin, Senate Majority Leader Mitch McConnell and Karl Rove, the strategist for President George W. Bush.
In fact Milbank takes so many individual Republicans to task in this volume that one wonders: Do those not mentioned feel left out?
Milbank knows his subject and timeframe, having started covering Capitol Hill for The Wall Street Journal about the time Gingrich became Speaker. He has a well-honed edge as a commentator and a columnist's way with words. He punches relentlessly, the way a boxer works a speed bag. At times, the less avid reader may feel pummeled as well. But Milbank's fans will not go away disappointed.
Another look at the era
To further amplify the subject at hand, readers can also turn to Partisans: The Conservative Revolutionaries Who Remade American Politics in the 1990s by Nicole Hemmer, a historian and political analyst now teaching at Vanderbilt University.
As befits a historian, Hemmer takes a longer view and paints a larger picture. She incorporates generations of ferment and reformulation among American conservatives, always with an eye toward how their ideas were gestating and mutating in the ideological labs of conservative media.
She compares the isolationist "Old Right" with the post-war "New Right" for whom the lodestar was anti-communism. They rode to glory on the political personality and charm of Ronald Reagan, who found his moment in 1980 and won two Electoral College landslides.
She argues that Reagan was not a new dawn for conservatism but the sunset of the Cold War era and the consensus it offered. After he left office, the fall of the Soviet Union and the rise of post-Mao China soon made global communism seem passé, depriving the right of its one great unifying issue.
What arose to take its place drew upon several strains of long-simmering reactionary rancor but especially from the racial history of the South.
As of the election of 1994 that made Gingrich the Speaker, Republicans held the majority of the South's governorships, Senate seats and U.S. House seats for the first time since Reconstruction after the Civil War. The GOP has held the majority of all those offices ever since.
Hemmer writes: "The party's transformation, sudden though it seemed, had been underway for a quarter century in the turn toward nativism and a more overt racism, in the criticisms of conservative elites, in the wariness about free trade democracy, in the sharp elbowed far-right punditry."
Hemmer spends a considerable time examining that punditry, having made a study of it through much of her career as a scholar and contributing columnist at U.S. News and World Report magazine.
The role of Rush
She notes that in 2009, when Barack Obama was in his first months as president, a Gallup Poll identified radio star Rush Limbaugh as the person most often cited as spokesman for the Republican Party. This was at a time when Limbaugh had summed up his response to Obama's struggling to deal with deep recession by saying: "I hope he fails."
There were plenty of others weighing in. Hemmer tells of Pat Robertson and Jerry Falwell, Sean Hannity and Laura Ingraham and Tucker Carlson. Without them, the entire ecosystem of Gingrich and Trump would not have been possible.
She tells us that "Trump helped the picture snap into focus" but her book is "not a pre-history of Trumpism." She prefers to call it an "an exploration of how and why Reaganism, which in the 1980s seemed to be the future not only of the conservative movement but of U.S. politics more broadly, collapsed so quickly."
As for the GOP's shift to being the party of Gingrich and Trump, she writes: "It had happened in plain sight but too many people were too attached to the idea of the party of Reagan to notice."
Like Milbank, Hemmer has come to focus on the decade right after Reagan left office and trains her fire on many of the same salient targets. She spends far less ammunition on Gingrich, however, than Patrick Buchanan, a man whose own presidential campaigns failed but whose influence she sees as pivotal.
Buchanan, whose image in profile appears on the book jacket, first made it in the media as a newspaper editorial writer in the 1960s. Buchanan's gift for serrated prose caught the attention of Richard Nixon, who brought him aboard his speech writing team in his successful 1968 campaign for president.
"Pitchfork Pat"
After Nixon's fall, Buchanan found his way back as a tough-talking TV personality and author of revisionist histories of World War II. After a stint as Reagan's communications director, he went back to TV. But in 1991 he organized a primary challenge to Reagan's successor, President George H.W. Bush, who was about to seek a second term.
That challenge bruised the eventual nominee, pushed him to the right and also lured in an independent general election challenger, Texas high-tech billionaire Ross Perot. Bush wound up losing that three-way race to Clinton.
Hemmer finds in Buchanan the spark for the new conservative flame to come, much as Milbank finds it Gingrich. She writes:
"Buchanan vowed to throw it all out: no more free trade, no more democracy promotion, no more celebrations of diversity. He was ready to make the case that he couldn't make with Reagan in office: that the United States was in decline and needed a revolution to stop its slide."
Buchanan ran again in 1996 and won the New Hampshire primary outright before fading in the later events. In 2000, he briefly sought the Republican nomination before becoming the Reform Party nominee and finishing far out of contention. But he left a mark — and his campaign slogan that year, "America First," was both a throwback to the isolationists before World War II and a clear precursor of what we call Trumpism today. | https://www.npr.org/2022/08/09/1116350743/two-books-dig-into-the-1990s-for-the-roots-of-the-trump-era-republican-party | 2022-08-09T21:41:30Z | https://www.npr.org/2022/08/09/1116350743/two-books-dig-into-the-1990s-for-the-roots-of-the-trump-era-republican-party | true |
CARLSBAD, Calif. (AP) _ Arlo Technologies Inc. (ARLO) on Tuesday reported a loss of $11.6 million in its second quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 13 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 1 cent per share.
The maker of smart connected devices posted revenue of $119 million in the period.
For the current quarter ending in October, Arlo Technologies expects its results to range from a loss of 17 cents per share to a loss of 10 cents per share.
The company said it expects revenue in the range of $125 million to $135 million for the fiscal third quarter.
Arlo Technologies shares have dropped 32% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.18, a rise of 18% 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 ARLO at https://www.zacks.com/ap/ARLO | https://www.seattlepi.com/business/article/Arlo-Technologies-Q2-Earnings-Snapshot-17362668.php | 2022-08-09T21:44:02Z | https://www.seattlepi.com/business/article/Arlo-Technologies-Q2-Earnings-Snapshot-17362668.php | false |
SCOTTSDALE, Ariz. (AP) _ Axon Enterprise Inc. (AXON) on Tuesday reported second-quarter net income of $51 million, after reporting a loss in the same period a year earlier.
The Scottsdale, Arizona-based company said it had profit of 71 cents per share. Earnings, adjusted for non-recurring gains, came to 44 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The maker of stun guns and body cameras posted revenue of $285.6 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $258.1 million.
Axon expects full-year revenue in the range of $1.07 billion to $1.12 billion.
Axon shares have dropped 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $111.62, a drop of 42% 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 AXON at https://www.zacks.com/ap/AXON | https://www.seattlepi.com/business/article/Axon-Q2-Earnings-Snapshot-17362609.php | 2022-08-09T21:44:27Z | https://www.seattlepi.com/business/article/Axon-Q2-Earnings-Snapshot-17362609.php | true |
KANSAS CITY, Mo. (AP) _ H&R Block Inc. (HRB) on Tuesday reported fiscal fourth-quarter earnings of $222.7 million.
On a per-share basis, the Kansas City, Missouri-based company said it had net income of $1.36. Earnings, adjusted for amortization costs and to account for discontinued operations, were $1.43 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The tax preparer posted revenue of $1.05 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $988.7 million.
H&R Block expects full-year revenue in the range of $3.54 billion to $3.59 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 HRB at https://www.zacks.com/ap/HRB | https://www.seattlepi.com/business/article/H-R-Block-Fiscal-Q4-Earnings-Snapshot-17362557.php | 2022-08-09T21:46:06Z | https://www.seattlepi.com/business/article/H-R-Block-Fiscal-Q4-Earnings-Snapshot-17362557.php | false |
NORTH CAROLINA — Since the Supreme Court overturned Roe v. Wade, some universities are re-evaluating their student healthcare programs. Public health workers are worried about what they can legally say and do for students now.
Across the United States, there are about 5,300 colleges and universities. That includes everything from beauty schools to Ivy League universities. These campuses are filled with thousands of students getting a glimpse of adulthood for the first time.
"First time away from home and they are having to navigate very complex systems on their own for the first time," said Dr. John Vaughn, the director of student health at Duke University. "There is a term that we use a lot, emerging adulthood, and that kind of captures this age group of 18 to 24-year-old students."
Vaughn says that's exactly why he got into his field.
"At a university, certainly at Duke but most universities, it's an opportunity to kind of work at the crossroads of healthcare and higher education," Vaughn said.
Health-related conversations are far from easy for anyone, but for these students, the situation is even more unique.
"Students have a very unique set of needs that don't fit in the traditional medical model and that's why we're here," Vaughn said. "A lot of times at orientation, moms are like, 'OK, where is the form I sign to get access to my student's records for the whole four years they are here at Duke?' And we have to explain to mom that form does not exist."
In the wake of the overturn of Roe v Wade, college campuses are having to navigate the role they play in conversations with students about their reproductive health care options. In some states, it's unclear whether someone can be prosecuted or sued for helping a person take steps to get an abortion. Some universities worry that will limit the conversations university healthcare providers feel they can have with students about their options.
Jennifer Wilder is the associate director for campus health at North Carolina State University. She's also a mom to one child starting college and another on the brink of graduating.
"The students today are very smart and they want to know and they want to be a part of their health care decisions," Wilder said. "They're at the cusp of voting for the first time and understanding how that impacts their healthcare and their decisions. I think it's really important that they can be involved in their healthcare decisions and they don't just have to be a part of a one-size-fits-all healthcare system, they have options."
She points out how crucial it is for students to have trust in their health care providers.
"So, if you don't trust your provider, you're not going to be honest, and some things that you don't tell them could impact your health care in a negative way," Wilder said.
North Carolina's governor recently signed an executive order to help protect women's access to reproductive healthcare. Currently, in at least 12 states, abortion is illegal or heavily restricted
"Reproductive health is such a big focus of what we do in college health. We're certainly keeping a close high on developments," Vaughn said.
The American College Health Association tell us, "These laws put that relationship and patient safety at risk by forcing healthcare providers into an untenable position when caring for students in a manner consistent with their professional and ethical obligations, and places them at risk of arrest or civil liability."
"We do everything we can to let the students know of the resources available and that we're here to talk to them," Vaughn said.
University leaders across the country are still trying to navigate this. In the meantime, these two experts say the best thing students can do is advocate for themselves.
"It's okay to question authority, it's okay to ask why," Wilder said.
"And it's very easy to say and very hard to do when you're 18, but we hope they learn to advocate for themselves. Not just on a political level, but when you come to see a doctor. Every time I see a student I say, 'What are you worried about today?'", Vaughn said. | https://www.wmar2news.com/news/national/new-abortion-laws-create-confusion-for-some-college-healthcare-programs | 2022-08-09T21:48:18Z | https://www.wmar2news.com/news/national/new-abortion-laws-create-confusion-for-some-college-healthcare-programs | false |
11-year-old boy collects nearly 6,000 stuffed toys for Ukrainian children
JACKSONVILLE, Fla. (WJXT) – A Florida boy is on a mission to bring some comfort and joy to children in Ukraine.
The 11-year-old is partnering with businesses and the YMCA to collect stuffed animals to send to kids from the war-torn country.
By most accounts, Sage Goodall is a typical boy, with a ton of energy and a big personality.
None of that, however, compares to the size of his heart, a heart measured in stuffed animals.
It started simply enough, with Sage watching TV in the living room of his family’s house.
“CNN came on and it was saying about all these kids from Ukraine because of all their houses being blown up,” he said.
Sage and his mom Rhonda Goodall then decided to launch “Hugs for the Children of Ukraine.”
Each donated stuffed toy will go to a child impacted by the war.
“They need to feel what the normal kids of the world feel, when they can hug onto something when they feel scared or sad,” Sage said.
The family stored their first collections in the family living room.
Then the YMCA of Northeast Florida got involved. Its branches became donation sites, and each new toy became like a hug from thousands of miles away.
Goodall said she is still overwhelmed by the response.
“We didn’t know it would be this big,” she said. “To walk in here and see this, it’s heartfelt. The thought of a child, as Sage says, hugging one of these and being able to walk around with it and carry it around with them, they are every bit as special as every other person.”
With the response comes a message from Sage to his fellow kids: Every child is special - show kindness.
“Everyone is the same,” Sage said. “They’re just human beings, that God created them. They need to realize, ‘Don’t think about yourself, think about others before you.’”
Sage wants to make a positive difference one “hug” at a time.
Sage and the YMCA said they managed to collect nearly 6,000 stuffed animals to ship to Ukrainian children.
The 11-year-old is not done yet; he’s begun setting new goals and plans to continue collecting.
Copyright 2022 WJXT via CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/08/09/11-year-old-boy-collects-nearly-6000-stuffed-toys-ukrainian-children/ | 2022-08-09T21:50:32Z | https://www.mysuncoast.com/2022/08/09/11-year-old-boy-collects-nearly-6000-stuffed-toys-ukrainian-children/ | true |
WFO SAN DIEGO Warnings, Watches and Advisories for Tuesday, August 9, 2022
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AREAL FLOOD ADVISORY
Flood Advisory
National Weather Service San Diego CA
122 PM PDT Tue Aug 9 2022
...FLOOD ADVISORY IN EFFECT UNTIL 430 PM PDT THIS AFTERNOON...
* WHAT...Flooding caused by excessive rainfall is expected.
* WHERE...A portion of Southern California, including the following
county, San Diego.
* WHEN...Until 430 PM PDT.
* IMPACTS...Minor flooding in low-lying and poor drainage areas.
* ADDITIONAL DETAILS...
- At 122 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...
Hwy 78 Between Banner And S2, Julian, Hwy 78 Between S2 And
Borrego Springs Rd, Borrego Springs, Ranchita, Hwy S2 Between
Hwy 79 And Hwy 78, Hwy S22 Between Ranchita And Borrego
Springs, Borrego Palm Canyon, Warner Springs, Hwy 79 Between
Santa Ysabel And Warner Springs, Hwy 79 Between Warner
Springs And Oak Grove, Hwy S2 Between Shelter Valley And Agua
Caliente, Los Coyotes Indian Reservation, Banner, Santa
Ysabel Indian Reservation and Shelter 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.
Be aware of your surroundings and do not drive on flooded roads.
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Copyright 2022 AccuWeather | https://www.seattlepi.com/weather/article/CA-WFO-SAN-DIEGO-Warnings-Watches-and-Advisories-17362485.php | 2022-08-09T21:54:01Z | https://www.seattlepi.com/weather/article/CA-WFO-SAN-DIEGO-Warnings-Watches-and-Advisories-17362485.php | false |
CENTENNIAL, Colo., Aug. 9, 2022 /PRNewswire/ -- DHI Group, Inc. (NYSE: DHX) today announced that it has been invited to present at the following investor conferences:
Sidoti Micro-Cap Virtual Conference
- Thursday, August 18 at 9:15AM ET
- Virtual Event
- Formal presentation and one-on-one meetings
Lake Street 6th Annual Best Ideas Growth (BIG6) Conference
- Wednesday, September 14
- The Yale Club, 50 Vanderbilt Ave, New York, NY 10007
- One-on-one meetings
Art Zeile, Chief Executive Officer, and Kevin Bostick, Chief Financial Officer, will hold one-on-one and small group meetings with institutional investors at both conferences. The formal presentation at the Sidoti conference will be webcast live and available for replay via the investor relations section of the Company's website at www.dhigroupinc.com.
To schedule a one-on-one meeting with management, please contact the firm hosting each conference or MKR Investor Relations, DHI's investor relations firm, at ir@dhigroupinc.com.
Investor Contact
Todd Kehrli or Jim Byers
MKR Investor Relations, Inc.
212-448-4181
ir@dhigroupinc.com
Media Contact
Rachel Ceccarelli
VP of Engagement
212-448-8288
media@dhigroupinc.com
About DHI Group, Inc.
DHI Group, Inc (NYSE: DHX) is a provider of AI-powered career marketplaces that focus on technology roles. DHI's two brands, Dice and ClearanceJobs, enable recruiters and hiring managers to efficiently search for and connect with highly skilled technologists based on the skills requested. The Company's patented algorithm manages over 100,000 unique technology skills. Additionally, our marketplaces allow technology professionals to find their ideal next career opportunity, with relevant advice and personalized insights. Learn more at www.dhigroupinc.com.
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ROCHESTER, N.Y., Aug. 9, 2022 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the period ended June 30, 2022.
"Despite the macro challenges that persisted throughout our second quarter, we were able to achieve both sequential and modest year-over-year product sales growth," said Paul Travers, President and CEO. "More importantly, we continued to make steady progress in our pursuit of larger product deployments with many enterprise accounts, especially within warehousing and logistics as well as healthcare. At the same time, we continued to execute on opportunities to expand and strengthen our global sales channel in select regions. On the OEM side of our business, we are seeing growing interest in our waveguide and display engine solutions from both new and existing customers across the defense, consumer and enterprise sectors."
The following table compares condensed elements of the Company's unaudited summarized Consolidated Statements of Operations data for the three months ended June 30, 2022 and 2021, respectively:
Second Quarter 2022 Financial Results
For the three months ended June 30, 2022, total revenues increased by 3% to $3.0 million versus $2.9 million for the comparable period in 2021. Sales of Vuzix smart glasses products and engineering services were relatively unchanged in the period.
There was an overall gross profit of $0.4 million or 14% of revenues for the three months ended June 30, 2022 as compared to $0.6 million or 20% for the same period in 2021. The decrease was largely due to a higher level of sales discounts on a large unit volume sale and negative foreign exchange impacts from our non-US dollar denominated sales.
Research and Development (R&D) expense was $3.0 million for the three months ended June 30, 2022 compared to $2.7 million for the comparable 2021 period, an increase of approximately 10%. The rise in R&D expense was largely due to increases in external development expenses related to Shield smart glasses and salary and benefits expenses.
Selling and Marketing expense was $1.9 million for the three months ended June 30, 2022, versus $1.3 million the comparable 2021 period, an increase of approximately 37%. The rise was primarily due to increases in salary and benefits expenses due to headcount increases.
General and Administrative expense for the three months ended June 30, 2022 was $5.0 million versus $5.2 million for the comparable 2021 period, a decrease of approximately 3%. The decline was primarily due to lower shareholder and IR related expenses.
The net loss for the three months ended June 30, 2022 was $10.0 million or $0.16 cents per share versus a net loss of $9.2 million or $0.15 for the same period in 2021.
The net cash operating loss after adding back non-cash items for the second quarter of 2022 was $5.5 million as compared to a loss of $4.6 million for the second quarter of 2021. As of June 30, 2022, the Company maintained cash and cash equivalents of $100.6 million and an overall working capital position of $109.1 million.
Management Outlook
"Notwithstanding the challenging supply chain and economic environments that remain in place, our outlook for the balance of 2022 continues to be positive with the expectation that our second half revenue will see further growth. Enterprise adoption of our smart glasses is poised to accelerate with larger orders anticipated from repeat and, in some cases, very large new customers that should ultimately represent significant units and dollar values. These major customers, with which we are already engaged and shipping to, remain committed to deploying Vuzix smart glasses in larger numbers and we believe it is now just a matter of when, and not if, for all of them," said Mr. Travers.
"Our OEM business is no less exciting in terms of the engagements already underway and the numerous new opportunities appearing regularly. Our OEM revenue in the second half of 2022 is expected to experience strong growth as we begin to leverage the investments that we have already made in our core technology and OEM platform. The significant improvements we have made in our waveguide performance and quality and our ability to manufacture in volume and at very competitive price points has opened and will continue to open new doors with consumer OEM customers. And on the defense side, the expiration of our non-compete and unique status as a US-based manufacturer and supplier of waveguides, ideally positions us to readily engage with any US or allied defense and homeland defense forces around the world," concluded Mr. Travers.
Conference Call Information
Date: Tuesday, August 9, 2022
Time: 4:30 p.m. Eastern Time (ET)
Dial-in Number for U.S. & Canadian Callers: 877-709-8150
Dial-in Number for International Callers (Outside of the U.S. & Canada): 201-689-8354
A live and archived webcast of the conference call will be available on the investor relations page of the Company's website at: https://ir.vuzix.com/ or directly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=q6sCimQK
Participating on the call will be Vuzix' Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who together will discuss operational and financial highlights for the quarter ended June 30, 2022.
To join the live conference call, please dial into the above referenced telephone numbers five to ten minutes prior to the scheduled conference call time.
A telephonic replay will be available for 30 days, starting on August 9, 2022, at approximately 5:30 p.m. (ET). To access this replay, please dial 877-660-6853 within the U.S. or Canada, or 201-612-7415 for international callers. The conference replay ID# is 13731800.
About Vuzix Corporation
Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 247 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2022 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK, and Tokyo, Japan. For more information, visit Vuzix website, Twitter and
Vuzix website, Twitter and Facebook pages.
Forward-Looking Statements Disclaimer
Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to, among other things, the timing of new product releases, opportunities related to market disruptions, R&D project successes, smart glasses pilot to roll-out conversion rates, existing and new engineering services and conversion to volume production OEM programs, future operating results, and the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the Company's Annual Reports and other filings with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.
Investor Relations Contact
Ed McGregor, Director of Investor Relations
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation | https://www.1011now.com/prnewswire/2022/08/09/vuzix-reports-second-quarter-2022-results/ | 2022-08-09T21:55:52Z | https://www.1011now.com/prnewswire/2022/08/09/vuzix-reports-second-quarter-2022-results/ | true |
SAN DIEGO, Aug. 9, 2022 /PRNewswire/ -- Nuvve (Nasdaq: NVVE), a leader in electrifying transportation, and Vistra (NYSE: VST), one of the largest competitive power generators and retail electricity providers in the country, have announced the first step in their partnership to help school districts modernize bus fleets.
The partnership between Nuvve and Vistra will help school districts access available grant funding, from both federal and state agencies. These grants will make the transition cost-effective while also helping districts save on long-term transportation costs. Thus far, Vistra and Nuvve have helped school districts served by Vistra to apply for more than $4.5M in grant funding to replace older, diesel school buses.
"We know transportation is the top source of greenhouse gas emissions in the U.S., which is why electrifying school bus fleets makes a noticeable, positive impact," said Gregory Poilasne, chairman and CEO of Nuvve. "The transition to zero-emissions electric school buses (ESBs) does more than clean the air. With large batteries on-board and predictable operation times, ESBs are a perfect use-case for vehicle-to-grid (V2G) technology, especially in those markets where energy costs have shown significant volatility."
Nuvve's V2G technology allows districts to manage charging of their buses to ensure they are ready for their designated route. This advanced charging solution also allows districts to put energy back on the grid, providing an additional revenue source. Nuvve also offers smart fleet-management tools, helping transportation teams monitor battery levels by intelligently scheduling bus operation times and ensuring the bus has enough energy to complete its daily routes.
Electric buses also include fewer parts, leading to lower maintenance costs. The benefits extend to drivers as well, with quiet rides and more responsive performance.
"In order for this country to achieve its climate goals, it is going to take creative ideas and partnerships, and a collective effort across sectors," said Scott Hudson, president of Vistra's retail division. "Our customers know we offer more than just reliable power. We're all about innovative solutions. We are proud to join Nuvve to help school districts provide safer, cleaner transportation."
Media
Nuvve:
(W)right On Communications
David Cumpston
dcumpston@wrightoncomm.com
415-902-4461
Vistra:
Meranda Cohn
Media.Relations@vistracorp.com
214-875-8004
Nuvve Investor Contact
ICR Inc.
Eduardo Royes
nuvve@icrinc.com
646-200-8872
About Nuvve
Nuvve Holding Corp. (Nasdaq: NVVE) is leading the electrification of the planet, beginning with transportation, through its intelligent energy platform. Combining the world's most advanced vehicle-to-grid (V2G) technology and an ecosystem of electrification partners, Nuvve dynamically manages power among electric vehicle (EV) batteries and the grid to deliver new value to EV owners, accelerate the adoption of EVs, and support the world's transition to clean energy. By transforming EVs into mobile energy storage assets and networking battery capacity to support shifting energy needs, Nuvve is making the grid more resilient, enhancing sustainable transportation, and supporting energy equity in an electrified world. Since its founding in 2010, Nuvve has successfully deployed V2G on five continents and offers turnkey electrification solutions for fleets of all types. Nuvve is headquartered in San Diego, Calif. and can be found online at nuvve.com.
Nuvve and associated logos are among the trademarks of Nuvve and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
About Vistra
Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. Serving approximately 4 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, Vistra is a large purchaser of wind power. The company owns and operates the 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about our environmental, social, and governance efforts and read the company's sustainability report at https://www.vistracorp.com/sustainability/.
Nuvve Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Nuvve and Nuvve's strategy, future operations, estimated and projected financial performance, prospects, plans and objectives are forward-looking statements. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Nuvve disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. In addition, Nuvve cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) risks related to the rollout of Nuvve's business and the timing of expected business milestones; (ii) Nuvve's dependence on widespread acceptance and adoption of electric vehicles and increased installation of charging stations; (iii) Nuvve's ability to maintain effective internal controls over financial reporting (iv) Nuvve's current dependence on sales of charging stations for most of its revenues; (v) overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; (vi) potential adverse effects on Nuvve's backlog, revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by Nuvve; (vii) the effects of competition on Nuvve's future business; (viii) risks related to Nuvve's dependence on its intellectual property and the risk that Nuvve's technology could have undetected defects or errors; (ix) the risk that we conduct a portion of our operations through a joint venture exposes us to risks and uncertainties, many of which are outside of our control; (x) that our joint venture with Levo Mobility LLC may fail to generate the expected financial results, and the return may be insufficient to justify our investment of effort and/or funds; (xi) changes in applicable laws or regulations; (xii) the COVID-19 pandemic and its effect directly on Nuvve and the economy generally; (xiii) risks related to disruption of management time from ongoing business operations due to our joint ventures; (xiv) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (xv) the possibility that Nuvve may be adversely affected by 3 other economic, business, and/or competitive factors, including increased inflation and interest rates, and the Russian invasion of Ukraine; and (xvi) risks related to the benefits expected from the $1.2 trillion dollar infrastructure bill passed by the U.S. House of Representatives (H.R. 3684). Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the Annual Report on Form 10-K filed by Nuvve with the Securities and Exchange Commission (SEC) on March 31, 2022, and in the other reports that Nuvve has, and will file from time to time with the SEC. Nuvve's SEC filings are available publicly on the SEC's website at www.sec.gov.
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SOURCE Nuvve Corporation | https://www.wbrc.com/prnewswire/2022/08/09/nuvve-partners-with-vistra-help-school-districts-electrify-bus-fleets/ | 2022-08-09T21:57:14Z | https://www.wbrc.com/prnewswire/2022/08/09/nuvve-partners-with-vistra-help-school-districts-electrify-bus-fleets/ | false |
LOS ANGELES, Aug. 9, 2022 /PRNewswire/ -- Insurance Commissioner Ricardo Lara should reject GEICO's proposed $268 million auto insurance rate hike and its job- and education-based discriminatory rating system, wrote Consumer Watchdog in a petition filed with the California Department of Insurance (CDI) yesterday.
The increase falls hardest on working-class Californians. Drivers working in fields like custodial, construction, or food service will pay 25% higher premiums than drivers in GEICO's preferred "professional" occupations, including lobbyists, architects and financial analysts. They will pay almost 11% more than engineers, auditors, and judges.
Overall, the rate hike will impact 2.1 million GEICO policyholders who face an average $125 annual premium increase.
"Under GEICO's discriminatory discounts, investment bankers, consultants, surgeons, and attorneys will benefit on the back of low-income and blue-collar Californians," said Consumer Watchdog attorney Daniel L. Sternberg.
At the same time GEICO is seeking this rate hike, the company is closing its local offices in the state and laying off hundreds of employees. GEICO has also stopped selling insurance through telephone agents in the state, leaving online options through a computer or a mobile device as the only way to obtain a GEICO policy in California, and many other states.
"There should be little doubt that GEICO's actions will hurt California drivers. The lack of internet access risks California's most vulnerable communities being left behind in trying to secure home and auto insurance. Just as we saw with the COVID-19 vaccine, the digital divide can cause serious disparities in communities of color in their ability to access services," said Sternberg.
GEICO received two prior rate hikes in California in 2017 and 2018 before the pandemic took drivers off the road and claims plummeted.
The Insurance Commissioner has failed to act on a regulation to curb job- and education-based rate discrimination.
Consumer Watchdog called on Commissioner Lara to reject GEICO's use of job and education to overcharge working-class Californians in this rate filing, and move a regulation forward to make all insurance companies rate Californians fairly regardless of their job or education level.
Consumer Watchdog and 10 community and civil rights organizations challenged auto insurers' illegal and discriminatory use of job and education to set rates in February 2019. In September 2019, a Department of Insurance investigation confirmed those concerns, finding "wide socioeconomic disparities" created by insurance companies surcharging California drivers based on nothing more than their occupation or educational status. Three years later, Commissioner Lara has yet to adopt a regulation to stop the practice, and the last draft of a potential regulation was issued by the Department of Insurance nearly a year and a half ago.
Consumer Watchdog has recently filed challenges against Mercury Insurance Company's and Interinsurance Exchange of the Automobile Club's ("Auto Club") rate hikes that also utilize a job- and education-based discriminatory rating system.
"Commissioner Lara needs to help working families and adopt regulations to stop occupation-based premium surcharges. Instead of rubber-stamping these discriminatory discounts, the Commissioner should use his voter-enacted authority under Proposition 103 to protect middle- and low-income families from being charged higher prices based on their jobs," said Sternberg.
Read Consumer Watchdog's Petition for Hearing and Petition to Intervene: https://consumerwatchdog.org/sites/default/files/2022-08/2022-08-08%20GEICO%20PFH.pdf
Read the community and civil rights groups' 2019 petition: https://consumerwatchdog.org/sites/default/files/2019-02/Job%26EducationPetition.pdf
Occupation has never been approved by regulation as a lawful rating factor under voter-enacted Proposition 103. GEICO's unfairly discriminatory occupation-based rating system means lower income and less-educated drivers continue to pay the highest premiums based solely on their job titles.
Voter-approved Proposition 103 requires auto insurance premiums be based primarily on three mandatory factors – driving safety record, annual mileage, and years driving experience – and prohibits unfairly discriminatory rates. Proposition 103 prohibits this kind of unfair rate discrimination based on income or race.
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SOURCE Consumer Watchdog | https://www.kbtx.com/prnewswire/2022/08/09/consumer-watchdog-challenges-268-million-geico-auto-insurance-rate-hike-amp-job-education-based-insurance-rate-discrimination/ | 2022-08-09T21:57:31Z | https://www.kbtx.com/prnewswire/2022/08/09/consumer-watchdog-challenges-268-million-geico-auto-insurance-rate-hike-amp-job-education-based-insurance-rate-discrimination/ | false |
MERRILLVILLE — Just moments after allegedly striking a pedestrian and fleeing in her vehicle, a 24-year-old Valparaiso area driver was stopped and told an officer, "why would someone be crossing the road it was a green light," according to a charging document.
The driver, Olivia Magana, is charged with a felony count of leaving the scene of an accident resulting in death or catastrophic injury, court records show.
Merrillville police Sgt. Lance Schmidt said he was patrolling around 11:43 p.m. Saturday when he saw a white Mazda SUV traveling southbound in the 5600 block of Broadway
"The SUV appeared to collide with something that was walking in the southbound lanes," a charging document reads.
The officer said he saw a human body land near the center median and the SUV continuing southbound without stopping. He saw the SUV swerve to the far right shoulder to pass two other vehicles and accelerate from the scene.
The SUV had damage to the driver's side of the vehicle and to its windshield and was emitting sparks from its front end, Schmidt said.
Schmidt called for medical help and pursued the SUV, which did not stop until it reached the area of Broadway and 61st Avenue.
He said Magana's speech was slow and her eyes were watery and bloodshot, according to a charging document. She also seemed confused and leaned against her vehicle for support.
Magana refused to submit to a blood test, so police secured a warrant and a blood sample was taken, court records show.
When asked if she wanted to make a statement, Magana asked for an attorney, which brought an end to police questioning.
"The female pedestrian was subsequently transported by helicopter to the University of Chicago for emergency medical treatment and evaluation, however she succumbed to her injuries," Merrillville police Detective Cpl. Sean Buck said.
She had sustained a fractured arm and head trauma, according to a charging document. The preliminary cause of death was trauma and complications resulting from being struck by a vehicle.
Police had a difficult time identifying the pedestrian until the woman's mother came forward looking for her, records show. Police were told an acquaintance had been with the woman at the time she was hit and had reported it to the victim's family.
An investigator found no marks on the roadway to indicate the vehicle had slid or otherwise attempted to make a quick stop, records show.
"The investigation is ongoing and further details will be provided as they become available," Buck said.
Gallery: Recent arrests booked into Lake County Jail
Samuel Hill
Age : 26
Residence: Crown Point, IN
Booking Number(s): 2206626
Arrest Date: July 29, 2022
Offense Description: OWI; BATTERY - SIMPLE - TOUCH W/NO INJURY
Highest Offense Class: Misdemeanors
Armaun McKenzie
Age : 33
Residence: Hammond, IN
Booking Number(s): 2206525
Arrest Date: July 27, 2022
Offense Description: DOMESTIC BATTERY - AGGRAVATED - MODERATE BODILY INJURY
Highest Offense Class: Felony
John Ciserella
Age : 34
Residence: Dyer, IN
Booking Number(s): 2206650
Arrest Date: July 30, 2022
Offense Description: OWI
Highest Offense Class: Felony
Kenyon McNeil
Age : 47
Residence: Hammond, IN
Booking Number(s): 2206687
Arrest Date: July 31, 2022
Offense Description: BATTERY - AGAINST LAW ENFORCEMENT OR PUBLIC SAFETY OFFICIAL
Highest Offense Class: Felony
Dale Rollins
Age : 61
Residence: Gary, IN
Booking Number(s): 2206707
Arrest Date: Aug. 1, 2022
Offense Description: POSSESSION - METHAMPHETAMINE; SEX OFFENDER REGISTRATION VIOLATION
Highest Offense Class: Felonies
Andre Ruff
Age : 27
Residence: Gary, IN
Booking Number(s): 2206664
Arrest Date: July 31, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Nicholas Aubuchon
Age : 26
Residence: Hobart, IN
Booking Number(s): 2206592
Arrest Date: July 28, 2022
Offense Description: NEGLECT OF DEPENDANT/CHILD VIOLATIONS
Highest Offense Class: Felony
Colin Westbrooks
Age : 32
Residence: Lowell, IN
Booking Number(s): 2206624
Arrest Date: July 29, 2022
Offense Description: DOMESTIC BATTERY - SIMPLE - PRESENCE OF CHILD < 16 YEARS OLD
Highest Offense Class: Felony
Gregory Swiontek II
Age : 26
Residence: Hammond, IN
Booking Number(s): 2206590
Arrest Date: July 28, 2022
Offense Description: DOMESTIC BATTERY - SIMPLE
Highest Offense Class: Misdemeanor
Mitchell Pritchard
Age : 42
Residence: Crown Point, IN
Booking Number(s): 2206747
Arrest Date: Aug. 2, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Dakar Brown
Age : 19
Residence: Chicago, IL
Booking Number(s): 2206741
Arrest Date: Aug. 2, 2022
Offense Description: SEXUAL MISCONDUCT WITH MINOR/FONDLING
Highest Offense Class: Felony
Louise Dagnillo
Age : 59
Residence: St. John, IN
Booking Number(s): 2206669
Arrest Date: July 31, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
David Fandl
Age : 33
Residence: Schererville, IN
Booking Number(s): 2206539
Arrest Date: July 27, 2022
Offense Description: OPERATING A VEHICLE AFTER DRIVING PRIVILEGES ARE SUSPENDED
Highest Offense Class: Felony
Alijah Williams
Age : 19
Residence: Hammond, IN
Booking Number(s): 2206562
Arrest Date: July 28, 2022
Offense Description: MOTOR VEHICLE THEFT
Highest Offense Class: Felony
Maurishia Brown
Age : 28
Residence: Calumet City, IL
Booking Number(s): 2206521
Arrest Date: July 27, 2022
Offense Description: FRAUD - FORGERY
Highest Offense Class: Felony
Leroy Blackwell
Age : 32
Residence: Gary, IN
Booking Number(s): 2206619
Arrest Date: July 29, 2022
Offense Description: CHILD MOLESTATION - STATUTORY RAPE
Highest Offense Class: Felony
Devon Dunbar
Age : 22
Residence: Hammond, IN
Booking Number(s): 2206714
Arrest Date: Aug. 1, 2022
Offense Description: DOMESTIC BATTERY - AGGRAVATED - USING A DEADLY WEAPON
Highest Offense Class: Felony
Edward Fair
Age : 57
Residence: Merrillville, IN
Booking Number(s): 2206657
Arrest Date: July 30, 2022
Offense Description: RESISTING LAW ENFORCEMENT - VEHICLE; OWI
Highest Offense Class: Felony; Misdemeanor
Allen Pick II
Age : 47
Residence: Dyer, IN
Booking Number(s): 2206673
Arrest Date: July 31, 2022
Offense Description: OWI
Highest Offense Class: Felony
Javyon George-Boatman
Age : 27
Residence: Gary, IN
Booking Number(s): 2206595
Arrest Date: July 28, 2022
Offense Description: SEXUAL MISCONDUCT WITH MINOR/FONDLING
Highest Offense Class: Felony
Joseph Hollis
Age : 46
Residence: Whiting, IN
Booking Number(s): 2206713
Arrest Date: Aug. 1, 2022
Offense Description: DOMESTIC BATTERY - SIMPLE
Highest Offense Class: Misdemeanor
Michael Nichols II
Age : 38
Residence: Griffith, IN
Booking Number(s): 2206545
Arrest Date: July 27, 2022
Offense Description: CONTROLLED SUBSTANCE - DEALING - SCHEDULE IV
Highest Offense Class: Felony
Brooke Elrod
Age : 29
Residence: N/A
Booking Number(s): 2206654
Arrest Date: July 30, 2022
Offense Description: RESISTING - ESCAPE
Highest Offense Class: Felony
Angelos Lujano
Age : 21
Residence: Hammond, IN
Booking Number(s): 2206731
Arrest Date: Aug. 2, 2022
Offense Description: INTIMIDATION - STALKING VIOLATIONS; RESISTING LAW ENFORCEMENT; ROBBERY; CONTROLLED SUBSTANCE - DEALING - SCHEDULE I, II, OR III
Highest Offense Class: Felonies
Renee Rodriguez
Age : 26
Residence: Hammond, IN
Booking Number(s): 2206556
Arrest Date: July 28, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Laron Hudson
Age : 34
Residence: Chicago, IL
Booking Number(s): 2206608
Arrest Date: July 29, 2022
Offense Description: DEALING - MARIJUANA
Highest Offense Class: Felony
Jeffery Gawlinski
Age : 53
Residence: Valparaiso, IN
Booking Number(s): 2206512
Arrest Date: July 27, 2022
Offense Description: BATTERY - AGGRAVATED - W/MODERATE BODILY INJURY
Highest Offense Class: Felony
Devante Winters
Age : 27
Residence: Gary, IN
Booking Number(s): 2206614
Arrest Date: July 29, 2022
Offense Description: RESISTING
Highest Offense Class: Felony
Frederic Dellenbach
Age : 64
Residence: Hammond, IN
Booking Number(s): 2206686
Arrest Date: July 31, 2022
Offense Description: THEFT - PROPERTY - POCKET-PICKING - W/PRIOR CONVICTION
Highest Offense Class: Felony
Amador Santos
Age : 49
Residence: Hammond, IN
Booking Number(s): 2206696
Arrest Date: Aug. 1, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Jose Rios
Age : 37
Residence: Hammond, IN
Booking Number(s): 2206752
Arrest Date: Aug. 3, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Jerry Boyd
Age : 23
Residence: Schererville, IN
Booking Number(s): 2206570
Arrest Date: July 28, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Lilia Hernandez-Cervantes Beltran
Age : 33
Residence: Hammond, IN
Booking Number(s): 2206695
Arrest Date: Aug. 1, 2022
Offense Description: DOMESTIC BATTERY - SIMPLE
Highest Offense Class: Misdemeanor
Anthony Freeman
Age : 47
Residence: Hobart, IN
Booking Number(s): 2206710
Arrest Date: Aug. 1, 2022
Offense Description: INTIMIDATION
Highest Offense Class: Felony
Duane Jackson
Age : 53
Residence: Wheatfield, IN
Booking Number(s): 2206698
Arrest Date: Aug. 1, 2022
Offense Description: HABITUAL TRAFFIC VIOLATOR - LIFETIME
Highest Offense Class: Felony
Kenyata Williams
Age : 32
Residence: Fort Wayne, IN
Booking Number(s): 2206247
Arrest Date: July 19, 2022
Offense Description: OWI
Highest Offense Class: Felony
Juan Aguilar-Tapia
Age : 26
Residence: Lafayette, IN
Booking Number(s): 2206573
Arrest Date: July 28, 2022
Offense Description: DEALING - MARIJUANA
Highest Offense Class: Felony
Michal Skrzyniarz
Age : 37
Residence: St. John, IN
Booking Number(s): 2206685
Arrest Date: July 31, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Aaron Collins
Age : 28
Residence: Indianapolis, IN
Booking Number(s): 2206629
Arrest Date: July 30, 2022
Offense Description: POSSESSION - METHAMPHETAMINE; RESISTING - ESCAPE
Highest Offense Class: Felonies
Francesca Brown
Age : 40
Residence: Gary, IN
Booking Number(s): 2206746
Arrest Date: Aug. 2, 2022
Offense Description: BATTERY - SIMPLE - TOUCH W/NO INJURY
Highest Offense Class: Misdemeanor
Steven Galecki
Age : 52
Residence: Lowell, IN
Booking Number(s): 2206653
Arrest Date: July 30, 2022
Offense Description: THEFT - PROPERTY - POCKET-PICKING - < $750
Highest Offense Class: Felony
Michael Russell III
Age : 21
Residence: Crown Point, IN
Booking Number(s): 2206661
Arrest Date: July 31, 2022
Offense Description: POSSESSION - COCAINE OR NARCOTIC DRUG; POSSESSION - COUNTERFEITED SUBSTANCES
Highest Offense Class: Felonies
Raynold Gore
Age : 32
Residence: Gary, IN
Booking Number(s): 2206551
Arrest Date: July 28, 2022
Offense Description: DEALING - MARIJUANA
Highest Offense Class: Felony
Ivan Torres
Age : 35
Residence: South Holland, IL
Booking Number(s): 2206723
Arrest Date: Aug. 2, 2022
Offense Description: POSSESSION - FIREARM - BY A FELON
Highest Offense Class: Felony
Genardo Diaz
Age : 35
Residence: Whiting, IN
Booking Number(s): 2206667
Arrest Date: July 31, 2022
Offense Description: THEFT - PROPERTY - POSSESSION - STOLEN PROPERTY; OWI
Highest Offense Class: Felony; Misdemeanor
Christopher Swan
Age : 48
Residence: Hammond, IN
Booking Number(s): 2206697
Arrest Date: Aug. 1, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Brandt Guzman
Age : 23
Residence: Hammond, IN
Booking Number(s): 2206706
Arrest Date: Aug. 1, 2022
Offense Description: POSSESSION - FIREARM - BY A SERIOUS VIOLENT FELON; CONFINEMENT; CRIMINAL RECKLESSNESS
Highest Offense Class: Felonies
Charles Roy Sr.
Age : 33
Residence: Gary, IN
Booking Number(s): 2206563
Arrest Date: July 28, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Denise Johnson
Age : 38
Residence: Gary, IN
Booking Number(s): 2206582
Arrest Date: July 28, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Bianca Dominguez
Age : 32
Residence: Munster, IN
Booking Number(s): 2206625
Arrest Date: July 29, 2022
Offense Description: POSSESSION - COCAINE OR NARCOTIC DRUG
Highest Offense Class: Felony
Juan Gutierrez Delgado
Age : 30
Residence: Greenfield, IN
Booking Number(s): 2206655
Arrest Date: July 30, 2022
Offense Description: POSSESSION - COCAINE OR NARCOTIC DRUG; OWI
Highest Offense Class: Felony; Misdemeanor
Austin Click
Age : 23
Residence: Highland, IN
Booking Number(s): 2206568
Arrest Date: July 28, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Otis Marshall
Age : 34
Residence: Los Angeles, CA
Booking Number(s): 2206745
Arrest Date: Aug. 2, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Christopher Kirincic
Age : 40
Residence: Crown Point, IN
Booking Number(s): 2206630
Arrest Date: July 30, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Deidra Merritt
Age : 31
Residence: Gary, IN
Booking Number(s): 2206726
Arrest Date: Aug. 2, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Melissa Carraway
Age : 37
Residence: East Chicago, IN
Booking Number(s): 2206724
Arrest Date: Aug. 2, 2022
Offense Description: FRAUD - DECEPTION - IDENTITY
Highest Offense Class: Felony
Anthony Guzman
Age : 26
Residence: Whiting, IN
Booking Number(s): 2206538
Arrest Date: July 27, 2022
Offense Description: DOMESTIC BATTERY - AGGRAVATED - SERIOUS BODILY INJURY
Highest Offense Class: Felony
Lakeisha Walker
Age : 32
Residence: Gary, IN
Booking Number(s): 2206754
Arrest Date: Aug. 3, 2022
Offense Description: OWI
Highest Offense Class: Felony
Tony Vitaniemi Jr.
Age : 29
Residence: Valparaiso, IN
Booking Number(s): 2206712
Arrest Date: Aug. 1, 2022
Offense Description: COMMON NUISANCE - MAINTAINING - LEGEND DRUGS
Highest Offense Class: Felony
Anthony Alexander
Age : 37
Residence: Chicago, IL
Booking Number(s): 2206577
Arrest Date: July 28, 2022
Offense Description: DOMESTIC BATTERY - SIMPLE
Highest Offense Class: Misdemeanor
Jack Fiorio
Age : 19
Residence: St. John, IN
Booking Number(s): 2206670
Arrest Date: July 31, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Edgar Murphy Jr.
Age : 63
Residence: Hobart, IN
Booking Number(s): 2206579
Arrest Date: July 28, 2022
Offense Description: THEFT - PROPERTY - SHOPLIFTING - < $750
Highest Offense Class: Felony
Darlene King
Age : 49
Residence: Country Club Hills, IL
Booking Number(s): 2206704
Arrest Date: Aug. 1, 2022
Offense Description: FRAUD - DECEPTION - IDENTITY; COUNTERFEITING AND APPLICATION FRAUD
Highest Offense Class: Felonies
Leonard Johnson
Age : 31
Residence: Merrillville, IN
Booking Number(s): 2206578
Arrest Date: July 28, 2022
Offense Description: DOMESTIC BATTERY - AGGRAVATED - USING A DEADLY WEAPON
Highest Offense Class: Felony
Gloria Blue
Age : 51
Residence: Gary, IN
Booking Number(s): 2206709
Arrest Date: Aug. 1, 2022
Offense Description: POSSESSION - COCAINE OR NARCOTIC DRUG
Highest Offense Class: Felony
Timothy Featherston
Age : 43
Residence: Chicago, IL
Booking Number(s): 2206609
Arrest Date: July 29, 2022
Offense Description: THEFT - PROPERTY - POCKET-PICKING - < $750
Highest Offense Class: Felony
Dana Stevens
Age : 41
Residence: East Chicago, IN
Booking Number(s): 2206507
Arrest Date: July 27, 2022
Offense Description: BATTERY - AGAINST LAW ENFORCEMENT OR PUBLIC SAFETY OFFICIAL
Highest Offense Class: Felony
Mark Coleman
Age : 38
Residence: Gary, IN
Booking Number(s): 2206569
Arrest Date: July 28, 2022
Offense Description: BATTERY - AGGRAVATED - W/PERMANENT INJURY OR DISFIGUREMENT
Highest Offense Class: Felony
Michael Andres
Age : 19
Residence: Hammond, IN
Booking Number(s): 2206662
Arrest Date: July 31, 2022
Offense Description: BATTERY - AGAINST LAW ENFORCEMENT OR PUBLIC SAFETY OFFICIAL
Highest Offense Class: Felony
Veela Morris
Age : 52
Residence: Chicago, IL
Booking Number(s): 2206611
Arrest Date: July 29, 2022
Offense Description: FRAUD - DECEPTION - IDENTITY
Highest Offense Class: Felony
Famous McKenny
Age : 45
Residence: Merrillville, IN
Booking Number(s): 2206647
Arrest Date: July 30, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Emmett Williams Jr.
Age : 46
Residence: Hammond, IN
Booking Number(s): 2206739
Arrest Date: Aug. 2, 2022
Offense Description: CRIMINAL RECKLESSNESS
Highest Offense Class: Felony
Safa Alrub
Age : 36
Residence: Orland Park, IL
Booking Number(s): 2206564
Arrest Date: July 28, 2022
Offense Description: POSSESSION - COCAINE OR NARCOTIC DRUG; OWI
Highest Offense Class: Felony; Misdemeanor
Darrick Royal
Age : 47
Residence: Chicago, IL
Booking Number(s): 2206601
Arrest Date: July 29, 2022
Offense Description: FRAUD - OBTAINING PROPERTY - BY CREDIT CARD
Highest Offense Class: Felony
Demarco Gillis
Age : 25
Residence: Indianapolis, IN
Booking Number(s): 2206622
Arrest Date: July 29, 2022
Offense Description: RESISTING
Highest Offense Class: Felony
Robert Goodpaster Jr.
Age : 19
Residence: Hobart, IN
Booking Number(s): 2206721
Arrest Date: Aug. 2, 2022
Offense Description: BURGLARY - PROPERTY - RESIDENTIAL ENTRY - BREAKING AND ENTERING
Highest Offense Class: Felony
Jourdan Castellanos
Age : 36
Residence: Gary, IN
Booking Number(s): 2206529
Arrest Date: July 27, 2022
Offense Description: THEFT - PROPERTY - SHOPLIFTING - $750 TO $50,000
Highest Offense Class: Felony
Junice Stewart
Age : 64
Residence: Chicago, IL
Booking Number(s): 2206516
Arrest Date: July 27, 2022
Offense Description: FRAUD - FORGERY
Highest Offense Class: Felony
Jonathan Igras
Age : 20
Residence: Hammond, IN
Booking Number(s): 2206543
Arrest Date: July 27, 2022
Offense Description: BATTERY - AGGRAVATED - STRANGULATION; INTIMIDATION
Highest Offense Class: Felonies
Ulysses Perry
Age : 41
Residence: Gary, IN
Booking Number(s): 2206627
Arrest Date: July 29, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Cedric Higdon Jr.
Age : 25
Residence: East Chicago, IN
Booking Number(s): 2206692
Arrest Date: Aug. 1, 2022
Offense Description: FRAUD - DECEPTION - IDENTITY
Highest Offense Class: Felony
Nicholas Cruz-Lopez
Age : 31
Residence: Crown Point, IN
Booking Number(s): 2206580
Arrest Date: July 28, 2022
Offense Description: DOMESTIC BATTERY - SIMPLE
Highest Offense Class: Felony
Luis Rangel Sanchez
Age : 28
Residence: East Chicago, IN
Booking Number(s): 2206693
Arrest Date: Aug. 1, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Rodney Youngblood
Age : 32
Residence: Calumet City, IL
Booking Number(s): 2206742
Arrest Date: Aug. 2, 2022
Offense Description: RESISTING
Highest Offense Class: Felony
Bradley Badovinac
Age : 26
Residence: Lowell, IN
Booking Number(s): 2206640
Arrest Date: July 30, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Kamari Stephens
Age : 29
Residence: Merrillville, IN
Booking Number(s): 2206591
Arrest Date: July 28, 2022
Offense Description: CONFINEMENT
Highest Offense Class: Felony
Amanda Stoddard
Age : 38
Residence: Cedar Lake, IN
Booking Number(s): 2206523
Arrest Date: July 27, 2022
Offense Description: FRAUD - DECEPTION - IDENTITY
Highest Offense Class: Felony
Gerald Bogard
Age : 47
Residence: Gary, IN
Booking Number(s): 2206555
Arrest Date: July 28, 2022
Offense Description: POSSESSION - COCAINE OR NARCOTIC DRUG
Highest Offense Class: Felony
Johnny Peluyera
Age : 41
Residence: Merrillville, IN
Booking Number(s): 2206524
Arrest Date: July 27, 2022
Offense Description: CRIMINAL RECKLESSNESS (AGGRESSIVE DRIVING/SERIOUS BODILY INJURY)
Highest Offense Class: Felony
Hailee Newell
Age : 29
Residence: Lansing, IL
Booking Number(s): 2206588
Arrest Date: July 28, 2022
Offense Description: DOMESTIC BATTERY - SIMPLE
Highest Offense Class: Misdemeanor
Donald Collins Jr.
Age : 55
Residence: Chicago, IL
Booking Number(s): 2206520
Arrest Date: July 27, 2022
Offense Description: ROBBERY
Highest Offense Class: Felony
Joseph Porter Jr.
Age : 39
Residence: Merrillville, IN
Booking Number(s): 2206638
Arrest Date: July 30, 2022
Offense Description: RESISTING
Highest Offense Class: Felony
Idubis Nash
Age : 43
Residence: Gary, IN
Booking Number(s): 2206743
Arrest Date: Aug. 2, 2022
Offense Description: BURGLARY - PROPERTY - RESIDENTIAL ENTRY - BREAKING AND ENTERING
Highest Offense Class: Felony
Tywoun Nixon
Age : 26
Residence: Gary, IN
Booking Number(s): 2206530
Arrest Date: July 27, 2022
Offense Description: INTIMIDATION
Highest Offense Class: Felony
Tyrone Dabney
Age : 59
Residence: Gary, IN
Booking Number(s): 2206576
Arrest Date: July 28, 2022
Offense Description: THEFT - PROPERTY - SHOPLIFTING - W/PRIOR CONVICTION
Highest Offense Class: Felony
Vernell Hemphill Jr.
Age : 19
Residence: St. John, IN
Booking Number(s): 2206631
Arrest Date: July 30, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Marta Rodriguez
Age : 43
Residence: East Chicago, IN
Booking Number(s): 2206711
Arrest Date: Aug. 1, 2022
Offense Description: DOMESTIC BATTERY - SIMPLE - PRESENCE OF CHILD < 16 YEARS OLD
Highest Offense Class: Felony
Joseph Rodriguez
Age : 75
Residence: Munster, IN
Booking Number(s): 2206641
Arrest Date: July 30, 2022
Offense Description: POSSESSION - COCAINE OR NARCOTIC DRUG; OWI
Highest Offense Class: Felony; Misdemeanor
Wardell Sanders
Age : 20
Residence: Gary, IN
Booking Number(s): 2206651
Arrest Date: July 30, 2022
Offense Description: DOMESTIC BATTERY - SIMPLE
Highest Offense Class: Misdemeanor
William Lipsey
Age : 58
Residence: East Chicago, IN
Booking Number(s): 2206535
Arrest Date: July 27, 2022
Offense Description: INTIMIDATION
Highest Offense Class: Felony
Carl Hopkins Jr.
Age : 41
Residence: Chicago, IL
Booking Number(s): 2206668
Arrest Date: July 31, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Sade Boyd
Age : 36
Residence: Hammond, IN
Booking Number(s): 2206644
Arrest Date: July 30, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Jacob Stewart
Age : 36
Residence: Lake Station, IN
Booking Number(s): 2206602
Arrest Date: July 29, 2022
Offense Description: DOMESTIC BATTERY - SIMPLE
Highest Offense Class: Misdemeanor
Shaun Brame
Age : 51
Residence: Hammond, IN
Booking Number(s): 2206561
Arrest Date: July 28, 2022
Offense Description: SEX OFFENDER REGISTRATION VIOLATION
Highest Offense Class: Felony
Kori Arguelles
Age : 26
Residence: Crown Point, IN
Booking Number(s): 2206603
Arrest Date: July 29, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Jimmie Lee
Age : 33
Residence: Gary, IN
Booking Number(s): 2206733
Arrest Date: Aug. 2, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Ria Swelfer
Age : 31
Residence: Merrillville, IN
Booking Number(s): 2206617
Arrest Date: July 29, 2022
Offense Description: OWI
Highest Offense Class: Felony
Jesse Duque
Age : 29
Residence: Hobart, IN
Booking Number(s): 2206506
Arrest Date: July 27, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Rick Thang Ngo
Age : 26
Residence: Key Largo, FL
Booking Number(s): 2206722
Arrest Date: Aug. 2, 2022
Offense Description: FRAUD - COUNTERFEITING AND APPLICATION FRAUD
Highest Offense Class: Felony
Keith Price
Age : 51
Residence: Portage, IN
Booking Number(s): 2206552
Arrest Date: July 28, 2022
Offense Description: OWI
Highest Offense Class: Misdemeanor
Leobardo Costilla
Age : 22
Residence: Shelby, IN
Booking Number(s): 2206674
Arrest Date: July 31, 2022
Offense Description: FAMILY OFFENSE- INVASION OF PRIVACY
Highest Offense Class: Felony
Timothy Vasquez
Age : 25
Residence: Chicago, IL
Booking Number(s): 2206528
Arrest Date: July 27, 2022
Offense Description: BATTERY - AGAINST LAW ENFORCEMENT OR PUBLIC SAFETY OFFICIAL
Highest Offense Class: Felony
Leon Elliott Jr.
Age : 50
Residence: Chicago, IL
Booking Number(s): 2206575
Arrest Date: July 28, 2022
Offense Description: BATTERY - AGAINST LAW ENFORCEMENT OR PUBLIC SAFETY OFFICIAL
Highest Offense Class: Felony
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Get the latest in local public safety news with this weekly email. | https://www.nwitimes.com/news/local/crime-and-courts/update-driver-in-fatal-merrillville-hit-and-run-said-she-had-green-light-police-say/article_ed63851e-4f9d-57ee-998b-166da6b1dea0.html | 2022-08-09T21:57:34Z | https://www.nwitimes.com/news/local/crime-and-courts/update-driver-in-fatal-merrillville-hit-and-run-said-she-had-green-light-police-say/article_ed63851e-4f9d-57ee-998b-166da6b1dea0.html | true |
Don Lemon DENIES that Chris Licht wants network to drop its woke reporting which could see him get the chop and claims they just want Republicans to come back on as guests
- Lemon's comments came on Comedy Central, talking to Charlemagne The God
- 'I think that's a narrative that's been placed in the media,' the cable TV news host said
- 'I think what Chris wants to do is to be able to have Republicans and Democrats and whatever your political stance is on CNN so that you can be accountable and that you can answer for it,' he added - Lemon has been part of CNN since 2006
- An insider source told Radar last week that Licht's vision and management style is worrying some of CNN star personalities, like Lemon and Anderson Cooper
- CNN will hit below $1 billion ($950 million) for the year, as ratings continue to dip, but financial and viewership growth is anticipated in 2023
Don Lemon denies claims that CNN boss Chris Licht wants the news network to drop its 'opinion-mongering' reporting which could see him get the ax in favor of 'truthful news,' adding that he would welcome a return to more conservative punditry.
Lemon made the comments Friday while appearing as a guest on Comedy Central's 'Hell Of A Week,' hosted by Charlamagne tha God. The pair discussed the current political climate in America, as well as the purpose of independent journalism in a industry where more bias is present now than ever.
Towards the end of their exchange, Charlamagne evokes Licht's plan to steer CNN away from 'opinion-based partisan news to a political center.'
He then asks Lemon, 56, and who has been a member of CNN since 2006: 'Will you still be able to call it like it is?'
'Let me just say I don't think that's exactly what Chris is saying,' Lemon replied.
'I think that's a narrative that's been placed in the media. I think what Chris wants to do is to be able to have Republicans and Democrats and whatever your political stance is on CNN so that you can be accountable and that you can answer for it,' he added.
Don Lemon appeared on Charlamagne tha God's 'Hell Of A Week' show on Comedy Central to talk about both his and CNN's future
Chris Licht took over at CNN in May and is seeking changes throughout the news network to help viewers regain trust in the media, including steering away from 'opinion-mongering' to straight news
Last week, rumors surfaced of CNN considering a revamp of its anchor lineup, with less reliance on opinionated anchors like Lemon - a vocal critic of former President Donald Trump - and Brianna Keilar, in favor of White House Chief Correspondent Kaitlan Collins, after profits were projected to fall below $1 billion, a first since 2016.
An insider source also told Radar that Licht's vision and new management style is worrisome to the network's star personalities, like Anderson Cooper and Lemon, as they were 'used to being treated like stars, not staff.'
The pair were well-liked by former CNN boss Jeff Zucker, who resigned in February over his relationship with the channel's chief marketing officer, Allison Gollust, often socializing with one another and chatting about company gossip.
'Chris' first priority will be fixing CNN's morning and primetime programming,' the insider source told Radar. 'That is where the big advertiser money is. Anderson Cooper, Don Lemon, and the morning hosts should be concerned.'
Licht is also eyeing CNN correspondent Jamie Gangel and is rumored to wanting to bring in late-night TV talk show host Stephen Colbert, with whom he worked during his time at CBS News, as well as other familiar names including MSNBC 'Morning Joe' co-hosts Joe Scarborough and Mika Brzezinski, according to Radar.
CNN is considering recalling Kaitlan Collins, CNN's Chief White House correspondent, back in- house to improve the news network's ratings and reputation in favor of some of the channel's opinionated anchors like Lemon or Anderson Cooper
MSNBC Morning Joe co-hosts Joe Scarborough and Mika Brezinski are other familiar names that Licht has worked with in the past and is allegedly considering to hire at CNN
TV talk show host Stephen Colbert is being rumored as a possible new addition at CNN, rumors report. Licht and Colbert know each other well as the new CNN boss used to be the executive producer of 'The Late Night Show with Stephen Colbert' at CBS
Suggestions claiming those at CNN who do not follow Licht's vision might face the firing boot do not seem to concern Lemon, as he confirmed to Charlamagne: 'yes, I will be able to do what I do on CNN.'
'If I'm not allowed to do that, then I will go on and do it somewhere else,' Lemon added.
Asked whether he would be ready to walk out on the news network if that moment came sooner rather than later, Lemon said: 'It's not just CNN. If people don't allow journalists to be journalists because, again, we hold the powerful accountable... That is what our jobs are, that's what we're supposed to do.'
'So why would it be any different for us to do it for the people who are in charge of us? To question what they're doing, to hold them accountable, to make sure that they are doing what is right, even if they are the people who hire us,' he added.
Charlamagne then brought up the topic of Chris Cuomo's firing from CNN in November of last year when several reports revealed the new NewsNation host assisted in the defense against sexual harassment allegations that led to the resignation of his brother, ousted former New York Governor Andrew Cuomo.
'You used to say, 'I love you, brother.' And he'd used to say, 'I love you, brother.' It was something about seeing a black man and a ehite man on television doing that… do you still love him?' Charlamagne asked Lemon, referring to his famous primetime handoff with Cuomo.
'Of course, of course. I love everybody,' Lemon answered.
Lemon was also asked about his relationship with former CNN colleague Chris Cuomo's before his firing in November for assisting in the defense against sexual harassment allegations that led to the resignation of his brother, ousted former New York Governor Andrew Cuomo
Charlamagne then alluded to how Cuomo bemoaned the lack of follow-ups he's received from former CNN colleagues who commented on his firing, including Lemon.
'I should have called him for what - I don't know the context. I don't know what he said,' Lemon responded.
'I guess after everything that happened to him,' Charlamagne cleared up.
'I had spoken to Chris for a while. I mean, I don't know what he said, I haven't heard what he said but I don't know, that's not true,' Lemon concluded.
Talk of ringing changes at CNN comes as the news network is expected to drop right below $1 billion ($956.8 million) in profit this year, according to S&P Global Market Intelligence. The massive drop is the first time the news network doesn't meet the benchmark since 2016.
The network's ratings also continue to plummet as the company witnesses their lowest numbers in seven years. Competitor MSNBC has also seen declines since former President Trump took office.
CNN has decreased in viewership by 27 percent since last year as an average of 639,000 tuned in this quarter, according to a report. MSNBC viewership is down by 23 percent. Meanwhile, Fox News viewership is up by 1 percent.
When Licht took over in May, he attempted to resolve the declining numbers by riding CNN+, a new platform offering original programming, that failed after it was being streamed by only 5,000 to 10,000 people. The company is still paying costs associated with the platform.
The company also cut back on various budget sectors including travel expenses. It also spent millions on the Russian-Ukrainian conflict. To help solve the networks economic dilemma, Licht brought in Chris Marlin to help, an executive at a Florida real estate with a law background.
Marlin, who has no experience in television networking, was hired as head of strategy and business operations in May. He has attempted to invest in advertising gigs with big companies, such as Microsoft. He has also tossed around ideas about expanding CNN into China.
Licht's goal is to 'go a different way' with the network at a time when 'extremes are dominating cable news.' | https://www.dailymail.co.uk/news/article-11096379/Don-Lemon-denies-narrative-new-CNN-boss-Chris-Licht-wants-network-drop-woke-reporting.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-09T21:59:02Z | https://www.dailymail.co.uk/news/article-11096379/Don-Lemon-denies-narrative-new-CNN-boss-Chris-Licht-wants-network-drop-woke-reporting.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
PALO ALTO, Calif., Aug. 9, 2022 /PRNewswire/ -- Kodiak Sciences Inc. (Nasdaq: KOD), a biopharmaceutical company committed to researching, developing and commercializing transformative therapeutics to treat high prevalence retinal diseases, today reported business highlights and financial results for the quarter ended June 30, 2022.
"We continue to meaningfully advance the tarcocimab tedromer (KSI-301, tarcocimab) clinical program," said Victor Perlroth, MD, Chief Executive Officer of Kodiak Sciences. "In demonstrating non-inferior visual acuity with a doubling of the treatment interval, we achieved the goal of the BEACON study. A successful outcome in BEACON is one of the pillars of our original development plan, which calls for two successful studies in one indication (GLEAM and GLIMMER in Diabetic Macular Edema) and then individual studies in each of the other indications. Importantly, the BEACON data provide reasons to be optimistic about the potential for GLEAM and GLIMMER to achieve non-inferiority in vision with best in class durability and thus the broader success of our development strategy with tarcocimab. Our suite of Phase 3 pivotal studies is fully enrolled and expected to read out topline data next year. As we learn more from the remaining Phase 3 studies, we look forward to continuing to work with the FDA and global health authorities to bring this medicine to patients."
- BEACON Phase 3 Pivotal Study of tarcocimab tedromer in Retinal Vein Occlusion Topline Readout: We recently announced positive topline results from our Phase 3 pivotal study of tarcocimab tedromer (KSI-301, tarcocimab) in treatment-naïve patients with macular edema due to retinal vein occlusion ("RVO"). The study met its primary efficacy endpoint of non-inferior visual acuity gains at week 24 for subjects dosed every 8 weeks following two monthly loading doses with tarcocimab compared to subjects given aflibercept every 4 weeks. Tarcocimab was safe and well tolerated in the study with no new or unexpected safety signals identified. We intend to include the primary results at week 24 in our anticipated BLA filing to serve as the basis for approval of tarcocimab in RVO.
- Update on Tarcocimab tedromer Clinical Program: We continued to advance tarcocimab across all ongoing Phase 3 pivotal studies:
- Update on Tarcocimab tedromer Regulatory Plan: With the suite of Phase 3 studies fully enrolled and anticipated to read out their topline data mid-2023, if successful, we plan to file a single Biologics License Application (BLA) with the data across the program.
- Commercial Manufacturing: We continued our manufacturing scale up and announced the grand opening of our purpose-built bioconjugation facility with our manufacturing partner Lonza in May 2022. The facility will play a key role in the scaled manufacturing of tarcocimab tedromer to support a potential global commercial launch.
- Pipeline Progression: We continued progressing our pipeline product candidates KSI-501 and KSI-601. KSI-501 is our dual inhibitor antibody biopolymer conjugate targeting both IL-6 (anti-IL-6 antibody) and VEGF (VEGF-trap) for the treatment of retinal diseases. We are progressing the bioconjugate cGMP manufacturing, non-clinical toxicology and other supporting activities towards an expected IND submission in the second half of 2022.
- Full primary results from the BEACON study are expected to be presented by BEACON Study Investigators at upcoming ophthalmology congresses in September 2022.
Kodiak ended the second quarter of 2022 with $597.9 million of cash, cash equivalents and marketable securities. This includes an unrealized loss of $1.9 million on the investment portfolio due to rising interest rates during the quarter.
The net loss for the second quarter of 2022 was $90.6 million, or $1.74 per share, on both a basic and diluted basis, as compared to a net loss of $55.9 million, or $1.08 per share, on both a basic and diluted basis, for the second quarter of 2021. The net loss for the quarter ended June 30, 2022 included non-cash stock-based compensation of $26.0 million, of which $15.8 million was recorded in the second quarter related to the 2021 Long-Term Performance Incentive Plan.
Research and development (R&D) expenses were $73.7 million for the second quarter of 2022, as compared to $45.4 million for the second quarter of 2021. The R&D expenses for the second quarter included non-cash stock-based compensation of $14.1 million. The increase in R&D expenses was primarily driven by higher clinical trial costs to support ongoing trials, increased manufacturing activities, as well as higher non-cash stock-based compensation expense.
General and administrative (G&A) expenses were $18.3 million for the second quarter of 2022, as compared to $10.5 million for the second quarter of 2021. The G&A expenses for the second quarter included non-cash stock-based compensation of $11.9 million. The increase in G&A expenses was primarily driven by increased non-cash stock-based compensation expense.
Tarcocimab tedromer is an investigational anti-VEGF therapy built on Kodiak's Antibody Biopolymer Conjugate (ABC) Platform and is designed to maintain potent and effective drug levels in ocular tissues for longer than existing available agents. Kodiak's objective with tarcocimab tedromer is to improve outcomes for patients with retinal vascular diseases and to enable earlier treatment and prevention of vision loss for patients with diabetic eye disease. Kodiak is developing tarcocimab to be a new first-line agent which enables a majority of patients to be treated and maintained on an every 5 to 6-month treatment interval and a minority of high need patients to be treated as frequently as monthly. The tarcocimab tedromer clinical program is designed to assess the product's durability, efficacy and safety in wet AMD, DME, RVO and non-proliferative DR (without DME) through clinical studies run in parallel. The Company's GLEAM and GLIMMER pivotal studies in patients with diabetic macular edema, the BEACON pivotal study in patients with retinal vein occlusion, the DAYLIGHT pivotal study in patients with wet AMD, and the GLOW study in patients with NPDR are anticipated to form the basis of the Company's BLA to support potential approval and commercialization in multiple indications. The global tarcocimab tedromer clinical program is being conducted at 150+ study sites in more than 10 countries. Kodiak is developing and owns global rights to tarcocimab tedromer.
The Phase 3 BEACON study is a global, multi-center, randomized study designed to evaluate the durability, efficacy and safety of tarcocimab tedromer in patients with treatment-naïve macular edema due to retinal vein occlusion, including both branch and central subtypes. Patients are randomized 1:1 to receive tarcocimab 5 mg or aflibercept 2 mg. In the first six months, patients receiving tarcocimab are treated with a proactive, fixed regimen which includes two monthly loading doses followed by treatment every 8 weeks, and patients receiving aflibercept are treated monthly as per its label. In the second six months, patients in both groups will receive treatment on an individualized basis per protocol-specified criteria. Following this, patients can continue to receive tarcocimab tedromer for an additional six months on an individualized basis. The study completed enrollment of 568 patients worldwide in the fourth quarter of 2021 and met its primary efficacy endpoint at six months. Results from the BEACON study are intended to serve as the basis for the potential approval of tarcocimab in RVO. Additional information about the BEACON study (also called Study KS301P103) can be found on www.clinicaltrials.gov under Trial Identifier NCT04592419 (https://clinicaltrials.gov/show/NCT04592419).
The Phase 3 GLEAM and GLIMMER studies are global, multi-center, randomized pivotal studies designed to evaluate the durability, efficacy and safety of tarcocimab in patients with treatment-naïve diabetic macular edema. In each study, patients are randomized 1:1 to receive either tarcocimab or aflibercept. The tarcocimab arm is treated with a proactive, individualized dosing regimen of every 8-, 12-, 16-, 20- or 24 weeks (utilizing tight dynamic retreatment criteria) after three loading doses. The aflibercept arm is treated with a fixed dosing regimen of every 8-weeks after five monthly loading doses, per its label. Both studies completed enrollment of approximately 450 patients each worldwide in the first quarter of 2022. The primary endpoint for both studies is the average of weeks 60 and 64, and patients will be treated and followed for a total of two years. We expect to announce topline data in mid-2023. If successful, we expect that data from our GLEAM and GLIMMER studies will serve as the primary basis for approval of tarcocimab in our anticipated BLA submission. Additional information about GLEAM (also called Study KS301P104) and GLIMMER (also called Study KS301P105) can be found on www.clinicaltrials.gov under Trial Identifiers NCT04611152 and NCT04603937, respectively (https://clinicaltrials.gov/ct2/show/NCT04611152 and https://clinicaltrials.gov/ct2/show/NCT04603937).
The Phase 3 DAYLIGHT study is a global, multi-center, randomized pivotal study designed to evaluate the efficacy and safety of high-frequency tarcocimab in patients with treatment-naïve wet AMD. Patients are randomized to receive either tarcocimab on a monthly dosing regimen or to receive standard-of-care aflibercept on a fixed dosing regimen of every 8-weeks after three monthly loading doses per its label. The primary endpoint is the average of weeks 40, 44 and 48. The DAYLIGHT study is intended to clarify the efficacy of tarcocimab to treat high need patients with wet AMD and, if successful, is intended to serve as the basis for approval in wet AMD with monthly dosing. DAYLIGHT has completed enrollment of approximately 550 patients worldwide and we expect to announce topline data in mid-2023. Additional information about DAYLIGHT (also called Study KS301P107) can be found on www.clinicaltrials.gov under Trial Identifier NCT04964089 (https://clinicaltrials.gov/show/NCT04964089).
The Phase 3 GLOW study is a global, multi-center, randomized pivotal superiority study designed to evaluate the efficacy and safety of tarcocimab tedromer in approximately 240 patients with treatment-naïve, moderately severe to severe non-proliferative diabetic retinopathy (NPDR). Patients are randomized to receive either tarcocimab every six months after initiating doses given at baseline, 8 weeks and 20 weeks into the study, or to receive sham injections. The primary endpoint is at one year and patients will be treated and followed for two years. Outcomes include changes in diabetic retinopathy severity, measured on a standardized photographic grading scale, and the rate of development of sight-threatening complications due to diabetic retinopathy. We believe tarcocimab tedromer has the potential to be the longest-interval intravitreal therapeutic option for patients with diabetic retinopathy. GLOW has completed enrollment of approximately 240 patients in August 2022. Additional information about GLOW (also called Study KS301P106) can be found on www.clinicaltrials.gov under Trial Identifier NCT05066230 (https://clinicaltrials.gov/show/NCT05066230).
Kodiak (Nasdaq: KOD) is a biopharmaceutical company committed to researching, developing and commercializing transformative therapeutics to treat high prevalence retinal diseases. Founded in 2009, we are focused on bringing new science to the design and manufacture of next generation retinal medicines to prevent and treat the leading causes of blindness globally. Our ABC Platform™ uses molecular engineering to merge the fields of antibody-based and chemistry-based therapies and is at the core of Kodiak's discovery engine. Kodiak's lead product candidate, tarcocimab tedromer, is a novel anti-VEGF antibody biopolymer conjugate being developed for the treatment of retinal vascular diseases including wet age-related macular degeneration, the leading cause of blindness in elderly patients in the developed world, and diabetic eye diseases, the leading cause of blindness in working-age patients in the developed world. Kodiak has leveraged its ABC Platform to build a pipeline of product candidates in various stages of development. KSI-501 is our dual inhibitor antibody biopolymer conjugate targeting both VEGF (VEGF-trap) and IL-6 (anti-IL-6 antibody) for the treatment of retinal diseases. We are expanding our early research pipeline to include ABC Platform based triplet inhibitors for multifactorial retinal diseases such as dry AMD and glaucoma. Kodiak is based in Palo Alto, CA. For more information, please visit www.kodiak.com.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not based on historical fact and include statements regarding regulatory developments and strategy, including plans to obtain regulatory approval, expected timing of data from studies and submission of INDs, the bases on which regulatory approval may be sought, and contribution of data to support approval of tarcocimab; timing of upcoming presentations; and expectations regarding commercial manufacturing capabilities, including the potential of the bioconjugation facility to scale manufacturing to support a potential product launch. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "may," "will," "should," "would," "could," "expect," "plan," "believe," "intend," "pursue," and other similar expressions among others. Any forward-looking statements are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk that preliminary safety, efficacy and durability data for our tarcocimab tedromer product candidate may not continue or persist; the risk that tarcocimab tedromer may not have the anti-VEGF effect or impact on the treatment of RVO expected; cessation or delay of any of the ongoing clinical studies and/or our development of tarcocimab tedromer may occur, including as a result of the ongoing COVID-19 pandemic; the risk that our ABC Platform may not extend treatment intervals in retinal disorders as anticipated, or at all; future potential regulatory milestones of tarcocimab tedromer, including those related to current and planned clinical studies, may be insufficient to support regulatory submissions or approval; adverse economic conditions may significantly impact our business and operations, including our clinical trial sites, and those of our manufacturers, contract research organizations or other parties with whom we conduct business; as well as the other risks identified in our filings with the Securities and Exchange Commission. For a discussion of other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in the forward-looking statements, see the section entitled "Risk Factors" in our most recent Form 10-K, as well as discussions of potential risks, uncertainties, and other important factors in our subsequent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof and Kodiak undertakes no obligation to update forward-looking statements, and readers are cautioned not to place undue reliance on such forward-looking statements. Kodiak®, Kodiak Sciences®, ABC™, ABC Platform™ and the Kodiak logo are registered trademarks or trademarks of Kodiak Sciences Inc. in various global jurisdictions.
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Canadian mother, 48, is arrested for 'faking death of herself and her son, 7, amid custody battle by making it look like they'd drowned before fleeing to Oregon and living under friend's name'
- Dawn Marie Walker, 48, now faces federal charges of aggravated identity theft
- She allegedly let cops believe she had been swept away with her seven-year-old
- A passerby flagged to cops a purse, a fishing pole and blanket that had been left
- Her truck was found nearby and a $10,000 reward was put out for information
- She was rumbled when cops realized she allegedly was using a friend's identity
A Canadian woman accused of faking her and her son's death and moving to Oregon to escape a custody battle has been arrested.
Dawn Marie Walker faces federal charges of aggravated identity theft and possession of false identification documents after the brazen move.
The 48-year-old allegedly let cops believe she had been swept away with her seven-year-old son while fishing on a riverbank near Saskatoon.
A passerby had flagged to officers a purse, a broken fishing pole halfway in the water and a blanket that was left on the ground on July 23.
Her truck was also found nearby and a $10,000 reward was put out for information on their whereabouts.
But she was rumbled when cops realized she had allegedly been using a friend's identity to access her bank accounts and had made it into the US.
Dawn Marie Walker faces federal charges of aggravated identity theft and possession of false identification documents after the brazen move
A search of her car also allegedly revealed notes showing how she had planned her disappearance, including 'dye hair' and 'cover tattoo'
The checklist went on: '1. Negative Covid test 2. Fishing Rod 3. Phone (dead) 4. Vehicle/bike 5. Dye hair 6. Cover tattoo'
They tracked her blue Chevrolet Equinox to an Airbnb in Oregon City that was also booked under the friend's name, an affidavit seen by Oregon Live says.
Walker was arrested on Friday following the manhunt but allegedly told cops: 'He doesn't want to be with his father.'
A search of her car also allegedly revealed notes showing how she had planned her disappearance, including 'dye hair' and 'cover tattoo'.
The checklist went on: '1. Negative Covid test 2. Fishing Rod 3. Phone (dead) 4. Vehicle/bike 5. Dye hair 6. Cover tattoo.'
Another said 'park car (black wig)', 'ditch phone in water,' 'ditch vehicle by bridge' and 'find nearest border'.
Cops also found a cellphone, a large sum of Canadian currency, Visa cards, a Tangerine bank debit card in her friend's name, Indian and Northern Affairs Canada Certificate of Indian Status card and a Saskatchewan driver's license.
The 48-year-old allegedly let cops believe she had been swept away with her seven-year-old son while fishing on a riverbank near Saskatoon
A passerby had flagged to officers a purse, a broken fishing pole halfway in the water and a blanket that was left on the ground on July 23
Her son was taken care of by law enforcement officers and his father was told that he was alive.
Walker was held in Multnomah County Detention Center and charged with aggravated identity theft and possession of false documents of identification.
She appeared in federal court in Portland on Monday afternoon where prosecutors argued she should remain in custody pending extradition.
Canadian authorities are also expected to push for parental abduction and public mischief by misleading the police.
Assistant US Attorney Scott Kerin told the court: 'The elaborate scheme she engaged in was designed for one purpose – to avoid the law and not be found.
'This was not a spur of the moment event. The defendant put time and a lot of effort into planning her crime.'
She will appear in court again on Wednesday afternoon where she will plead to get bail. | https://www.dailymail.co.uk/news/article-11096615/Canadian-mom-arrested-faking-death-son-7-fleeing-US.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-09T21:59:27Z | https://www.dailymail.co.uk/news/article-11096615/Canadian-mom-arrested-faking-death-son-7-fleeing-US.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
Seekr will leverage the power of DMS' toolset to maximize advertising results and scale its global user reach
VIENNA, Va., Aug. 9, 2022 /PRNewswire/ -- Seekr, an internet technology and content evaluation company, and Digital Media Solutions, Inc.(NYSE: DMS), a leading provider of digital performance advertising solutions,today announced a multi-year agreement to support Seekr's media strategy, revenue and advertising operations across its global search advertising platform and vertical content sponsorships. The alliance will accelerate the build out and monetization of new Seekr verticals in concert with expanding its global audience and reach.
Seekr prioritizes transparency and empowers users with choice and control by streamlining access to reliable information. Powered by AI and machine learning, Seekr offers the first fully transparent search engine that reimagines what web results can look like when they are free of bias or manipulation. Seekr plans to increase consumer engagement across its platforms and scale audience engagement by leveraging the power of the award-winning DMS toolset, inclusive of the DMS first-party data, expansive media reach and proprietary technologies. Global omnichannel audience engagement campaigns are currently underway with a monetization strategy set to begin in early Q4.
"DMS has the expertise to support our advertising needs and the proven ability to innovate and expand, making them the perfect partner for Seekr," said Pat Condo, Seekr founder and CEO. "The partnership represents an important step forward in Seekr's vision to provide an online experience with tools that support information transparency, connecting people with what they seek, rather than what they are served."
The partnership combines Seekr Search data with DMS brand-direct and marketplace offerings to create a targeted ad experience that offers consumers relevant content, while significantly reducing friction in the advertising ecosystem. The partnership's foundational objective is to foster a digital experience that delivers the right message to the right user at the right time, based on where they are spending their time. Seekr potentially gains access to more than 9,000 enterprise and SMB customers through the insurance, consumer finance, e-commerce and education solutions, among others, within DMS.
"Seekr's mission to provide transparency and empower user choice by streamlining access to reliable information for everyone is aligned with our goal at DMS to create intent-driven meaningful engagements between consumers and advertisers during a product or service discovery and consideration process," said DMS CEO Joe Marinucci. "DMS is excited to partner with a company that is committed to a future driven by the relevancy of a customer-driven journey."
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are made in reliance upon the protections provided by such acts for forward-looking statements. These forward-looking statements are often identified by words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions. These forward-looking statements include, without limitation, DMS's expectations with respect to its future performance and its ability to implement its strategy, and are based on the beliefs and expectations of our management team from the information available at the time such statements are made. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside DMS's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the COVID-19 pandemic or other public health crises; (2) changes in client demand for our services and our ability to adapt to such changes; (3) the entry of new competitors in the market; (4) the ability to maintain and attract consumers and advertisers in the face of changing economic or competitive conditions; (5) the ability to maintain, grow and protect the data DMS obtains from consumers and advertisers; (6) the performance of DMS's technology infrastructure; (7) the ability to protect DMS's intellectual property rights; (8) the ability to successfully source and complete acquisitions and to integrate the operations of companies DMS acquires, including Traverse Data, Inc., the assets of Crisp Marketing, LLC and Aimtell, Inc., PushPros, Inc. and Aramis Interactive; (9) the ability to improve and maintain adequate internal controls over financial and management systems, and remediate the identified material weakness; (10) changes in applicable laws or regulations and the ability to maintain compliance; (11) our substantial levels of indebtedness; (12) volatility in the trading price on the NYSE of our common stock and warrants; (13) fluctuations in value of our private placement warrants; and (14) other risks and uncertainties indicated from time to time in DMS's filings with the SEC, including those under "Risk Factors" in DMS's Annual Report on Form 10-K and its subsequent filings with the SEC. There may be additional risks that we consider immaterial or which are unknown, and it is not possible to predict or identify all such risks. DMS cautions that the foregoing list of factors is not exclusive. DMS cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. DMS does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
About Seekr Technologies Inc .
Seekr is an internet technology and content evaluation company that prioritizes transparency and empowers users with choice and control by streamlining access to reliable information. Powered by AI, Seekr offers the first fully transparent search engine that reimagines what web results can look like when they remove both bias and misinformation. Seekr utilizes an independent search index, sophisticated data science, and rigorous journalistic standards to determine the quality of news articles and their political lean — giving everyone access to technology that makes it easy to find trustworthy content in context.
About DMS
Digital Media Solutions, Inc . (NYSE: DMS) is a leading provider of technology-enabled digital performance advertising solutions connecting consumers and advertisers within the auto, home, health, and life insurance, plus a long list of top consumer verticals. The DMS first-party data asset, proprietary advertising technology, significant proprietary media distribution, and data-driven processes help digital advertising clients de-risk their advertising spend while scaling their customer bases. Learn more at https://digitalmediasolutions.com.
All trademarks contained herein are the property of their respective owners.
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Full-Year 2022 Guidance for Key Metrics Confirmed
TORONTO, Aug. 9, 2022 /PRNewswire/ - EQB Inc. (TSX: EQB) (TSX: EQB.PR.C) (TSX: EQB.R) (EQB) today reported earnings for the three and six months ended June 30, 2022 that reflected strong Q2 performance in core operations including record quarterly net interest income but with revenue growth offset at the bottom line by mark-to-market and fair value adjustments to non-interest income due to the impact of significant declines in North American equity markets on its strategic investment and security portfolios.
Core Personal and Commercial business performance in Q2 featured conventional lending growth of 36% year over year, adjusted quarterly net interest income2 up 18%, margins in line with 2022 guidance and fee-based income up 41%. However, after reflecting the decline in non-interest income, Q2 adjusted earnings2 were held to $1.75 diluted and adjusted ROE2 was 12.1%. EQB deploys capital to strategic fintech investments to gain access to early-stage technologies and innovative business models. Changes in their fair value and other derivatives are not indicative of core business performance.
"EQB's core businesses delivered strong, on-plan performance despite market headwinds that impacted second quarter non-interest income in the form of mark-to-market adjustments. In alignment with our ROE targets, we generated risk-managed growth in our now $24 billion conventional loan1 portfolios of 36% year over year and 7% since March. Consistent with our established risk management practices, we also continued to proactively adjust our underwriting approach across the business to respond to elevated risks from inflation, the Bank of Canada's response to inflation and our expectations of changing collateral values. That said, as we exited the quarter, the fundamental forces that provide a solid foundation for our business – including strong demand for housing in Canada's major urban centers fueled by population growth, and our distinctive position as Canada's Challenger Bank – remain firmly in place," said Andrew Moor, President and CEO. "Priorities for the current quarter include the introduction of EQ Bank's payment card, the launch of EQ Bank in Québec and readying ourselves to acquire Concentra Bank which will add significant scale and opportunity to serve more Canadians."
Record YTD performance has EQB on track to meet 2022 guidance
- Although growth in conventional asset originations is expected to moderate in the second half of 2022 on risk-managed actions taken by EQB over the first two quarters, EQB today expressed confidence in stated annual guidance for the full-year 2022 of +12-15% in total lending portfolio growth (YTD 21%), +8-10% adjusted EPS2 growth (YTD +10%), adjusted ROE2 of 15%+ (YTD 15.6%), adjusted pre-provision, pre-tax income2 +12% (YTD +12%), book value per share +12% (YTD +16%) and CET1 13%+ (June 30, 2022 13.5%)
- Guidance was reaffirmed based on outperformance in the first half of 2022, and will be supported by EQB's asset diversification and pricing strategies and the potential that rising interest rates will increase mortgage renewal and retention
Net interest income moves higher with stable margins
- Q2 adjusted net interest income2 +18% y/y to $167.6 million (+17% or $166.7 million reported) driven by growth in average asset balances
- Q2 adjusted net interest margin2 (NIM) of 1.81% (1.80% reported) was on target with 2022 guidance (flat to 2021), primarily reflecting growth in higher-yielding conventional loans1 but with lower prepayment income
- Full-year 2022 outlook for NIM expected to remain stable with an anticipated decline in prepayment income brought on by rising interest rates offset by asset diversification, pricing strategies and continued funding diversification
Non-interest income reflects mark-to-market, fair value adjustments
- Q2 fees and other income +41% y/y to $7.9 million reflecting growth in loan portfolio and origination/servicing fees
- Severe capital market volatility led to mark-to-market losses of $8.7 million on EQB's strategic investment portfolio. This portfolio was conceived and constructed to enable EQB's subsidiary, Equitable Bank to gain exposure to innovative business models and early-stage technologies that are accretive to Equitable Bank's position as Canada's Challenger Bank
- EQB expects volatility to continue in the second half of 2022, but this does not reflect the underlying strategic value of these investments
- EQB expects fees and other income to increase in line with the total portfolio and gains on securitization activity to remain stable or increase relative to Q2 2022
- Q2 gains on securitization income were $2.2 million compared to $8.6 million a year ago due to decreased derecognition volumes and a decline in gain-on-sale margin from historically high levels; EQB expects to see a modest recovery in such income in the last half of 2022
Continued investment in Challenger innovations across people, process, and platforms
- Adjusted non-interest expenses1 in Q2 +16% y/y to $75.6 million driven by growth in assets and investments in capabilities to advance EQB's strategic innovation agenda; management continues to expect operating leverage in 2022 to be flat on average
- YTD, EQB's banking operations remain the most efficient of any Canadian bank at 41.1% adjusted efficiency ratio1 (43.6% reported), but elevated in Q2 to 45.8% adjusted1 (47.7% reported), due primarily to the reduction in total quarterly revenue driven by mark-to-market and fair-value losses
Personal Banking asset growth +19% y/y to record $24.0 billion
- Single-family alternative portfolio +35% y/y and +6% q/q to $16.3 billion (2022 annual guidance +12-15%) supported by higher originations and a 1.9% decline in the loan attrition rate
- Single-family alternative growth expected to slow in the latter half of 2022, reflecting market conditions
- Reverse mortgage assets +231% y/y to $421 million and +38% q/q (2022 annual guidance +150%) reflecting expanded distribution and increasing brand awareness of Equitable Bank as an attractive provider of reverse mortgages to Canadians nearing or in retirement as well as growth in this market
- Insurance lending (CSV) +95% y/y to $73 million and +24% q/q (2022 annual guidance +100%) as growth was assisted by partnerships with nine leading insurers and the recent introduction of Immediate Financing Arrangement, a product available to whole life insurance policy holders to immediately access 100% of their total annual premium as equity
Commercial Banking asset growth +25% y/y to $12.1 billion
- Commercial Finance Group loan portfolio +28% y/y and +10% q/q to $4.5 billion (2022 annual guidance +10-15%), Business Enterprise Solutions +22% y/y and +6% q/q to $1.2 billion (2022 annual guidance +10-15%) and Specialized Finance +107% y/y and +3% q/q to $739 million (2022 annual guidance +20-30%)
- Equipment leasing portfolio +40% y/y and +17% q/q to approximately $900 million (2022 annual guidance +10-15%) with 67% of new assets comprised of high credit-quality prime leases
- Insured Multi-unit residential portfolio +15% y/y and +14% q/q to $4.8 billion (2022 guidance 0-5%)
Strong capital and liquidity positions
- Liquid assets1 were $3.1 billion or 7.8% of total assets at June 30, 2022, a prudent level that reflects anticipated cash needs for upcoming quarters, compared to $2.9 billion or 9.1% a year ago when pandemic-related uncertainties were much higher
- Retail and securitization funding markets remain liquid and efficient and with rising interest rates deposit markets are expected to see even more positive inflow
- Equitable Bank's Common Equity Tier 1 ratio was 13.5% at June 30, 2022 (unchanged from March 31, 2022) and compared to 14.4 % at June 30, 2021, reflecting its success in deploying capital organically
- Total risk-weighted assets +29% y/y and +5% q/q to $14.8 billion
Credit quality indicators reflect long-term prudence, risk management responsiveness
- PCL was $5.2 million in Q2 2022 due to portfolio growth and as macroeconomic forecasts and loss modelling considered the impact of rising interest rates and geopolitical tensions compared to a net benefit of $2.0 million in Q2 2021 when future expected losses recorded in 2020 were released because of improving macroeconomic variables
- Allowances now approximate pre-pandemic levels and PCL is expected to be consistent with Q2 levels and grow with the size of the portfolio assuming economic forecasts prove to be accurate
- Net impaired loans declined to 0.18% of total assets at June 30, 2022 from 0.41% at June 30, 2021 – reflecting net reductions across single family mortgages ($17.5 million), conventional commercial loans ($36.7 million), and equipment leases ($2.7 million) over the past 12 months – and also declined from 0.22% at March 31, 2022 due to the discharge of one delinquent commercial loan
- EQB is well reserved for credit losses with allowances as a percentage of total loan assets of 14 bps at June 30, 2022 compared to 19 bps at June 30, 2021
- Realized losses were less than 1 basis point of total loan assets or $2.4 million YTD – better than its industry-leading 10-year credit history – compared to $6.6 million or 2 basis points a year ago
Equitable Bank continued to diversify its sources of funding and optimize costs of funds
- During the second quarter (May 27, 2022), Equitable Bank completed its second legislative covered bond issuance of €300 million. Due May 27, 2025, the bonds were issued with an AA rating at a spread of 20 basis points over EUR mid swaps and are listed on the Irish Stock Exchange (Euronext Dublin)
- Equitable Bank plans a series of covered bond issuances and expects its capacity for such issuances to increase when the agreement to acquire Concentra Bank closes. Inclusive of all costs, the bonds represent Equitable Bank's lowest cost of wholesale funding
- Excluding EQ Bank deposits, Equitable Bank's total other deposit principal was +34% y/y and +8% q/q to $15.9 billion at June 30, 2022 and included its Deposit Note program of $1.9 billion
EQ Bank deposits +16% y/y to record $7.6 billion with attractive economics
- EQ Bank expanded its customer base by +26% y/y to 279,939 (with nearly 14,000 new customers in the second quarter alone) and during July, increased its customer base to approximately 285,000
- As more Canadians take advantage of EQ Bank's best-in-class digital experience and increase product usage (as they did with +80% y/y growth in digital transactions in Q2 and +6% growth in products held per customer/y), EQ Bank is benefiting from improved economics as customer lifetime value grows with rising alternative funding, while customer acquisition costs remain stable, even while EQ Bank pays competitive deposit rates with no everyday fees
- EQ Bank deposits +16% y/y and +5% q/q (2022 annual guidance +20-30%) to $7.6 billion
EQ Bank poised to introduce payment card, serve customers in Québec
- This fall will see the introduction of the EQ Bank payment card, which will allow customers to make purchases wherever Mastercard are accepted. This payments experience will complement current offerings and the new functionality will allow Canadians to use EQ Bank for the majority of their day-to-day banking needs as a primary bank
- EQ Bank services are also coming to Québec this fall, an important step for EQB, which has proudly served Québec customers through the brokered deposit and brokered mortgage channels for many years and has participated in the local economy as an employer of talented Challengers in its Montréal office since 2010
Equitable Bank continues to prepare for the closing of the Concentra Bank acquisition
- On February 7, 2022, Equitable Bank announced that it entered into a definitive agreement, as well as supporting agreements, to acquire Concentra Bank, Canada's 13th largest Schedule I bank by assets, subject to customary closing conditions and regulatory approvals
- During the second quarter, Equitable Bank received unconditional clearance from the Competition Bureau Canada in the form of an advance ruling issued in connection with the acquisition
- Equitable Bank and Concentra Bank have jointly formed a Transformation Management Office with dedicated resources to develop detailed integration plans in advance of closing while both banks continue to operate independently in serving customers
EQB announces +7% q/q increase in Common Share Dividend or +68% y/y
- EQB's Board of Directors declared a common share dividend of $0.31 per common share or $1.24 annualized, payable on September 30, 2022 to shareholders of record September 15, 2022
- The three dividend increases announced since the beginning of 2022 reflect EQB's philosophy of growing the dividend while maintaining a payout ratio that is much lower than other Canadian banks and using retained capital to fuel portfolio growth with high future ROE
- EQB's Board also declared a quarterly dividend of $0.373063 per preferred share, payable on September 30, 2022 to shareholders of record at the close of business September 15, 2022
- EQB dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation
Normal course issuer bid (NCIB)
- EQB'sNCIB allows it to repurchase up to 2,325,951 of its common shares and 289,340 of its non-cumulative 5-year reset preferred shares Series 3, representing approximately 10% of its public float as at December 10, 2021 prior to December 10, 2022. During Q2, EQB repurchased and cancelled 7,600 preferred shares at an average price of $24.93. No common shares were purchased during the first six months of 2022
"What is important to us is to drive results in our core personal and commercial business lines. In this regard, we have identified high-quality opportunities short and long term where our risk-managed capital allocation decisions will position EQB to continuously achieve our ROE target of 15% to 17%. From the perspective of our strategic investment portfolio, market-driven fluctuations reflected in the second quarter do not change the business value of these investments as they give us access to leading-edge knowledge, technologies and capabilities and, as recently as Q1, allowed us to capture significant gains. Putting all the component pieces of our outlook together, we look forward to proving the resiliency of our business model and consistency of our Challenger purpose through this next stage of the economic cycle while delivering on our full-year guidance," said Chadwick Westlake, EQB's Chief Financial Officer.
Analyst conference call and webcast: 8:30 a.m. ET Eastern August 10, 2022
EQB will host its second quarter conference call and webcast on Wednesday August 10, 2022. To access the call live, please dial (416) 764-8609 five minutes prior to the start time. The listen-only webcast with accompanying slides will be available at eqbank.investorroom.com/events-webcasts.
Call archive
A replay of the call will be available until August 24, 2022 at midnight at (416) 764-8677 (passcode 542700 followed by the number sign). Alternatively, the webcast will be archived on EQB's website.
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
Consolidated balance sheets (unaudited)
Consolidated statements of income (unaudited)
Consolidated statements of comprehensive income (unaudited)
Consolidated statements of changes in shareholders' equity (unaudited)
Consolidated statements of changes in shareholders' equity (unaudited)
Consolidated statements of cash flows (unaudited)
About EQB Inc.
EQB Inc. trades on the Toronto Stock Exchange (TSX: EQB, EQB.PR.C and EQB.R) and serves more than 360,000 Canadians through its wholly owned subsidiary Equitable Bank, Canada's Challenger Bank™. Equitable Bank has a clear mandate to drive change in Canadian banking to enrich people's lives. Founded over 50 years ago, Equitable Bank provides diversified personal and commercial banking and through its EQ Bank platform (eqbank.ca), it has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2022 and 2021 lists. Please visit equitablebank.ca for details.
Cautionary Note Regarding Forward-Looking Statements
Statements made by EQB in the sections of this news release, in other filings with Canadian securities regulators and in other communications include forward-looking statements within the meaning of applicable securities laws (forward-looking statements). These statements include, but are not limited to, statements about EQB's objectives, strategies and initiatives, financial performance expectations and other statements made herein, whether with respect to EQB's businesses or the Canadian economy. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "planned", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases which state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved", or other similar expressions of future or conditional verbs. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, closing of transactions, performance or achievements of EQB to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to capital markets and additional funding requirements, fluctuating interest rates and general economic conditions, legislative and regulatory developments, changes in accounting standards, the nature of our customers and rates of default, and competition as well as those factors discussed under the heading "Risk Management" in the MD&A and in EQB's documents filed on SEDAR at www.sedar.com. All material assumptions used in making forward-looking statements are based on management's knowledge of current business conditions and expectations of future business conditions and trends, including their knowledge of the current credit, interest rate and liquidity conditions affecting EQB and the Canadian economy. Although EQB believes the assumptions used to make such statements are reasonable at this time and has attempted to identify in its continuous disclosure documents important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Certain material assumptions are applied by EQB in making forward-looking statements, including without limitation, assumptions regarding its continued ability to fund its mortgage business, a continuation of the current level of economic uncertainty that affects real estate market conditions, continued acceptance of its products in the marketplace, as well as no material changes in its operating cost structure and the current tax regime. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. EQB does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.
Non-Generally Accepted Accounting Principles (GAAP) Financial Measures and Ratios
In addition to GAAP prescribed measures, this news release references certain non-GAAP measures, including adjusted financial results, that we believe provide useful information to investors regarding EQB's financial condition and results of operations. Readers are cautioned that non-GAAP measures often do not have any standardized meaning, and therefore, are unlikely to be comparable to similar measures presented by other companies.
Adjusted financial results
On February 7, 2022, Equitable Bank announced that it entered into a definitive agreement to acquire a majority interest in Concentra Bank (Concentra), subject to customary closing conditions and regulatory approvals, and is expected to close later in 2022. As a result of the announced agreement, Equitable Bank has incurred certain acquisition costs beginning in Q4 2021. To enhance comparability between reporting periods, increase consistency with other financial institutions, and provide the reader with a better understanding of EQB's performance, adjusted results were introduced starting in Q1 2022. Adjusted results are non-GAAP financial measures.
Adjustments impacting current and prior periods:
Concentra acquisition/integration costs, pre-tax:
- Q2 2022 – $2.7 million of acquisition and integration related costs and $0.9 million of interest expenses paid to subscription receipt holders1; and
- Q1 2022 – $5.1 million of acquisition and integration related costs and $0.9 million of interest expenses paid to subscription receipt holders.
The following table presents a reconciliation of GAAP reported financial results to non-GAAP adjusted financial results.
In addition to the adjusted results that are presented above, additional adjusted financial measures and ratios are disclosed as follows:
• Reconciliation of adjusted efficiency ratio
- Reconciliation of adjusted return on equity (ROE)
Other non-GAAP financial measures and ratios
- Assets under management (AUM): is the sum of total assets reported on the consolidated balance sheet and loan principal derecognized but still managed by EQB.
- Conventional loans: are the total on-balance sheet loan principal excluding Prime single family and Insured multi-unit residential mortgages.
- Liquid assets: is a measure of EQB's cash or assets that can be readily converted into cash, which are held for the purposes of funding loans, deposit maturities, and the ability to collect other receivables and settle other obligations.
- Loans under management (LUM): is the sum of loan principal reported on the consolidated balance sheet and loan principal derecognized but still managed by EQB.
- Net interest margin (NIM): this profitability measure is calculated on an annualized basis by dividing net interest income by the average total interest earning assets for the period.
- Pre-provision pre-tax income: is the difference between revenue and non-interest expenses.
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SOURCE EQB Inc. | https://www.wibw.com/prnewswire/2022/08/09/eqb-reports-continued-strong-lending-growth-core-earnings-assets-under-management-up-458-billion-increases-dividend/ | 2022-08-09T22:01:21Z | https://www.wibw.com/prnewswire/2022/08/09/eqb-reports-continued-strong-lending-growth-core-earnings-assets-under-management-up-458-billion-increases-dividend/ | false |
With many voters discouraged, turnout was low for Kenya's presidential election By Eyder Peralta Published August 9, 2022 at 4:36 PM EDT Facebook Twitter LinkedIn Email Listen • 3:52 Kenyans are going to the polls Tuesday to elect a new president. The two front runners are familiar names in the East African nation. Copyright 2022 NPR | https://www.wdiy.org/2022-08-09/with-many-voters-discouraged-turnout-was-low-for-kenyas-presidential-election | 2022-08-09T22:01:44Z | https://www.wdiy.org/2022-08-09/with-many-voters-discouraged-turnout-was-low-for-kenyas-presidential-election | false |
Experts will discuss the latest audit trends, technologies and industry innovations during September 8 virtual conference
MENLO PARK, Calif., Aug. 9, 2022 /PRNewswire/ --
WHAT:
Global consulting firm Protiviti (www.protiviti.com) is hosting an educational virtual CPE day, featuring 15 sessions and more than 40 speakers.Attendees can earn up to six free CPE credits and hear from subject-matter experts about the latest trends, technologies and success stories that can help companies build an innovative auditing function of the future. The event includes a keynote panel discussion with IIA President and CEO Anthony Pugliese and Protiviti Global Leader of Internal Audit, Andrew Struthers-Kennedy.
WHEN:
September 8, 2022, 8:00 a.m. – 2 p.m. PDT
WHO:
For internal audit and other professionals in finance, IT and operations with a focus on risk and controls
DETAILS:
Sessions include:
Overcoming Internal Audit Risks - Panel DiscussionSpeakers: IIA President and CEO Anthony Pugliese; Protiviti Global Leader of Internal Audit, Andrew Struthers-Kennedy
Agile Audit Speaker: Erika Ray, Managing Director, Protiviti
Driving Innovation in Internal Audit Speakers: Mark Peters, Managing Director, Protiviti; Alex Psarras, Associate Director, Protiviti
ESG Update: Finance and Internal Audit's Evolving Role Speakers: Robert Hirth, Co-Vice Chair, SASB and Sr. Managing Director, Protiviti; Steve Wang, Managing Director, Protiviti
The Future of Work is Here: Opportunities and Innovation Speaker: Monica DeBellis, Managing Director, Protiviti
Cybersecurity Trends Speaker: Angelo Poulikakos, Managing Director, Protiviti
Fraud and Integrity Risk Speaker: Pamela Verick, Director, Protiviti
Tech-Enabled Auditing Speakers: Jeremy Wildhaber, Director, Protiviti; Andrew Galazka, Senior Manager, Protiviti
Recruiting and Retention Speaker: Fran Maxwell, Managing Director, Protiviti
Consumer Products and Services: The Auditing of E-Commerce and Loyalty Programs Speakers: Nathan Hilt, Managing Director, Protiviti; Constantine Boyadjiev, Managing Director, Protiviti; Todd McCavit, Managing Director,Protiviti
Energy: Identifying and Measuring Operational Technology Security Risks Through Internal AuditSpeakers: Justin Turner, Director, Protiviti; Derek Dunkel-JahanTigh, Associate Director, Protiviti
Financial Services: Managing Quality in This Dynamic Environment Speaker: Tyler Graham, Managing Director, Protiviti
Healthcare: Post-Pandemic Vulnerabilities Driving Fraud, Waste and Abuse in 2022Speaker: Fernando Alvarez, Associate Director, Protiviti
Manufacturing and Distribution: Supply Chain Resiliency and What This Means for Internal Audit Speakers: Sharon Lindstrom, Managing Director, Protiviti; Dave Petrucci, Managing Director, Protiviti
Tech, Media and Telecom: Top Risks – Where Are We Now and What's to Come?Speakers: Gordon Tucker, Managing Director, Protiviti; Christine Halvorsen, Managing Director, Protiviti
HOW:
To learn more and register for this complimentary event, please visit here.
Protiviti is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding refund, complaint and program cancellation policies, please contact our offices via email at cpeprograms@protiviti.com. Program Level: Basic; Prerequisites: None; Advanced Preparation: None; Delivery Method: Group Internet Based; Field of Study: Accounting, Audit, Information Technology.
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SOURCE Protiviti
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.kalb.com/prnewswire/2022/08/09/protiviti-offers-virtual-innovating-audit-cpe-day/ | 2022-08-09T22:02:38Z | https://www.kalb.com/prnewswire/2022/08/09/protiviti-offers-virtual-innovating-audit-cpe-day/ | true |
SAN DIEGO, Aug. 9, 2022 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) today announced an evolution in its organizational design and new roles to enable continued growth by fully leveraging its end-to-end ecosystem for customers. Through its unique model, including over 200 veterinary hospitals and over a thousand veterinary clinics, grooming, training and leading owned and exclusive brands, Petco serves over 24 million customers how, where and when they want to shop.
To further align its leadership team to activate Petco's strategy that puts the customer first, the company made the following key appointments:
- Amy College, Chief Merchandising Officer, is taking on responsibility for demand planning. This move is designed to allow her and her teams to drive an even sharper, integrated view of product and customer demand. Amy's experience running omni-channel businesses and demand planning at Best Buy will be invaluable in this expanded role.
- Jason Heffelfinger, Senior Vice President Services, has been promoted to Chief Services Officer. Jason has been central to the build-out of the company's owned vet model, including the acquisition of its Thrive joint venture and smaller veterinary hospitals. He also has led the rapid acceleration of Petco's grooming business.
- Darren MacDonald, Chief Digital and Innovation Officer, is taking on an expanded role as Chief Customer Officer. In this new role, Darren will lead customer-focused teams including his current Digital team, as well as Marketing, Membership, Loyalty, Enterprise Analytics/Data Science and Customer Service. As Chief Customer Officer, Darren will build on his previous experience leading customer centric organizations at Jet, Walmart.com and IAC.
- Justin Tichy, Chief Pet Care Center Officer, has been appointed Chief Operating Officer, taking on additional responsibility for company-wide logistics including oversight of the company's distribution centers. Justin will continue to run Petco's over 1,400 Pet Care Centers in the U.S. and, by tightening the link between distribution and Pet Care Centers, the right inventory will be in the right places to meet customer demand. Justin will leverage his tremendous experience across Walmart, Target and Best Buy to drive excellence across our Pet Care Centers and Distribution.
The company also announced that Mike Nuzzo, Chief Operating Officer and President of Services, will be leaving Petco after more than seven years of service to the company.
"These appointments and our organizational design are emblematic of our focus on putting the customer and data at the center of everything we do as we meet the customer need of a single partner for the health and wellness needs of their pet. It also manifests our dedication to driving operational excellence. Lastly, it highlights the tremendous talent we have at Petco and our focus on developing that talent," said Petco CEO, Ron Coughlin.
"I also want to express my deep thanks to Mike who has served in many leadership roles at Petco, from CFO to COO and President of Services, and who has left an indelible mark on our company," Ron concluded.
About Petco, The Health + Wellness Co.
Founded in 1965, Petco is a category-defining health and wellness company focused on improving the lives of pets, pet parents and our own Petco partners. We've consistently set new standards in pet care while delivering comprehensive pet wellness products, services and solutions, and creating communities that deepen the pet-pet parent bond. We operate more than 1,500 pet care centers across the U.S., Mexico and Puerto Rico, which offer merchandise, companion animals, grooming, training and a growing network of on-site veterinary hospitals and mobile veterinary clinics. Our complete pet health and wellness ecosystem is accessible through our pet care centers and digitally at petco.com and on the Petco app. In tandem with Petco Love (formerly the Petco Foundation), an independent nonprofit organization, we work with and support thousands of local animal welfare groups across the country and, through in-store adoption events, we've helped find homes for more than 6.5 million animals.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, concerning expectations, beliefs, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are other than statements of historical fact. Although Petco believes that the expectations and assumptions reflected in these statements are reasonable, there can be no assurance that these expectations will prove to be correct. Forward-looking statements are subject to many risks and uncertainties, including the risk factors that Petco identifies in its Securities and Exchange Commission filings, and actual results may differ materially from the results discussed in such forward-looking statements. Petco undertakes no duty to update publicly any forward-looking statement that it may make, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.
Investor Relations:
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SOURCE Petco Health and Wellness Company, Inc. | https://www.wibw.com/prnewswire/2022/08/09/petco-evolves-organizational-design-enable-next-phase-growth/ | 2022-08-09T22:02:50Z | https://www.wibw.com/prnewswire/2022/08/09/petco-evolves-organizational-design-enable-next-phase-growth/ | false |
NEW YORK, Aug. 9, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Unity Software Inc. (NYSE: U) between March 5, 2021 and May 10, 2022, both dates inclusive (the "Class Period"), of the important September 6, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Unity securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Unity class action, go to https://rosenlegal.com/submit-form/?case_id=7381 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 6, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) deficiencies in Unity's product platform reduced the accuracy of the Company's machine learning technology; (2) the foregoing was likely to have a material negative impact on Unity's revenues; (3) accordingly, Unity had overstated its commercial and/or financial prospects for 2022; (4) as a result, Unity was likely to have to reduce its fiscal 2022 guidance; and (5) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Unity class action, go to https://rosenlegal.com/submit-form/?case_id=7381 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.kalb.com/prnewswire/2022/08/09/rosen-respected-investor-counsel-encourages-unity-software-inc-investors-secure-counsel-before-important-deadline-securities-class-action-u/ | 2022-08-09T22:02:58Z | https://www.kalb.com/prnewswire/2022/08/09/rosen-respected-investor-counsel-encourages-unity-software-inc-investors-secure-counsel-before-important-deadline-securities-class-action-u/ | true |
DES MOINES (AP) — Iowa's Democratic candidate for governor pressed Iowa Gov. Kim Reynolds on Tuesday to commit to debates ahead of the November election.
Democrat Deidre DeJear said she has asked Reynolds for three debates but has received no response to multiple invitations with about 90 days to go until the election.
"The people of Iowa have a right to hear from my opponent and I on key issues impacting our state and the respective direction we intend to move Iowa in, " DeJear said.
DeJear said third-party sponsors have reached out to Reynolds to schedule debates but have not received a response.
Reynolds’ campaign spokesman said the governor is “happy to debate,” and that those details will be ironed out as fall approaches.
Rick Stewart, the Libertarian Party candidate for governor, posted on social media his own debate challenge to DeJear, calling on her to reject any offers from debates that do not also include him.
Reynolds has curtailed news conferences and public schedule events since the Iowa Legislature adjourned in May and she began campaigning.
The conservative Republican endorsed by Donald Trump has a multimillion-dollar fundraising advantage; Reynolds' campaign reported $5.2 million to spend in July and DeJear just over $418,500.
A Des Moines Register Iowa Poll published in July indicated a Reynolds lead of 17 percentage points with Reynolds at 48% support and DeJear at 31%.
Reynolds won her first election in 2018 by a narrow 2.8% margin over Democratic businessman Fred Hubbell. She is seeking a second full four-year term.
This is the second time DeJear, who was a campaign organizer for President Barack Obama, has run statewide. In 2018, she became the first Black candidate to win a major party nomination for a statewide office in Iowa when she became the Democratic nominee against Iowa Secretary of State Paul Pate. She was defeated in the general election.
Members of the Chicago White Sox take batting practice at the MLB's Field of Dreams. Thursday marks the first time a major league ballgame would take place in Iowa.
A baseball fan makes a photo with his phone before a baseball game between the Chicago White Sox and New York Yankees, Thursday, Aug. 12, 2021 in Dyersville, Iowa. The Yankees and White Sox are playing at a temporary stadium in the middle of a cornfield at the Field of Dreams movie site, the first Major League Baseball game held in Iowa. (AP Photo/Charlie Neibergall)
New York Yankees designated hitter Giancarlo Stanton walks on the field with earns of corn in his back pockets before a baseball game against the Chicago White Sox, Thursday, Aug. 12, 2021, in Dyersville, Iowa. The Yankees and White Sox are playing at a temporary stadium in the middle of a cornfield at the Field of Dreams movie site, the first Major League Baseball game held in Iowa. (AP Photo/Charlie Neibergall)
Chicago White Sox first baseman Andrew Vaughn walks through a cornfield before a baseball game against the New York Yankees, Thursday, Aug. 12, 2021, in Dyersville, Iowa. The Yankees and White Sox are playing at a temporary stadium in the middle of a cornfield at the Field of Dreams movie site, the first Major League Baseball game held in Iowa. (AP Photo/Charlie Neibergall)
Chicago White Sox first baseman Andrew Vaughn walks through a cornfield before a baseball game against the New York Yankees, Thursday, Aug. 12, 2021, in Dyersville, Iowa. The Yankees and White Sox are playing at a temporary stadium in the middle of a cornfield at the Field of Dreams movie site, the first Major League Baseball game held in Iowa. (AP Photo/Charlie Neibergall)
The sign on the original Field of Dreams field in Dyersville, Iowa.
Jerry Smith, Globe Gazette
Field of Dreams
"Ghost players" from the White Sox hung out at the field and played catch with anyone who asked.
Jerry Smith, Globe Gazette
Field of Dreams
Members of the Chicago White Sox take batting practice at the MLB's Field of Dreams. Thursday marks the first time a major league ballgame would take place in Iowa.
Jerry Smith, Globe Gazette
Yankees White Sox Baseball
A baseball fan makes a photo with his phone before a baseball game between the Chicago White Sox and New York Yankees, Thursday, Aug. 12, 2021 in Dyersville, Iowa. The Yankees and White Sox are playing at a temporary stadium in the middle of a cornfield at the Field of Dreams movie site, the first Major League Baseball game held in Iowa. (AP Photo/Charlie Neibergall)
Charlie Neibergall
Yankees White Sox Baseball
New York Yankees designated hitter Giancarlo Stanton walks on the field with earns of corn in his back pockets before a baseball game against the Chicago White Sox, Thursday, Aug. 12, 2021, in Dyersville, Iowa. The Yankees and White Sox are playing at a temporary stadium in the middle of a cornfield at the Field of Dreams movie site, the first Major League Baseball game held in Iowa. (AP Photo/Charlie Neibergall)
Charlie Neibergall
Yankees White Sox Baseball
Chicago White Sox first baseman Andrew Vaughn walks through a cornfield before a baseball game against the New York Yankees, Thursday, Aug. 12, 2021, in Dyersville, Iowa. The Yankees and White Sox are playing at a temporary stadium in the middle of a cornfield at the Field of Dreams movie site, the first Major League Baseball game held in Iowa. (AP Photo/Charlie Neibergall)
Charlie Neibergall
Field of Dreams
Young fans waited for their chance to get a high five or a ball signed from a player.
Jerry Smith, Globe Gazette
Field of Dreams
A baseball fan takes a photo with his phone before a baseball game between the Chicago White Sox and New York Yankees, Thursday in Dyersville.
Charlie Neibergall, Associated Press
Field of Dreams
New York Yankees designated hitter Giancarlo Stanton walks on the field with earns of corn in his back pockets.
Charlie Neibergall, Associated Press
Field of Dreams
Chicago White Sox first baseman Andrew Vaughn walks through a cornfield before a baseball game against the New York Yankees, Thursday, Aug. 12, 2021, in Dyersville, Iowa. The Yankees and White Sox are playing at a temporary stadium in the middle of a cornfield at the Field of Dreams movie site, the first Major League Baseball game held in Iowa. (AP Photo/Charlie Neibergall) | https://globegazette.com/news/iowa/iowa-democratic-governor-candidate-pushes-for-3-debates/article_e66139d3-ab32-56f7-888f-220d126021dc.html | 2022-08-09T22:03:00Z | https://globegazette.com/news/iowa/iowa-democratic-governor-candidate-pushes-for-3-debates/article_e66139d3-ab32-56f7-888f-220d126021dc.html | true |
CHICAGO, Aug. 9, 2022 /PRNewswire/ --
The following table sets forth the estimated amounts of the current distribution, payable August 10, 2022 to shareholders of record July 29, 2022, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2021 to October 31, 2022. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.
The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available. You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution plan.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
* Simple arithmetic average of each of the past five annual returns.
DNP Select Income Fund Inc. (NYSE: DNP) is a closed-end diversified investment management company. The Fund's primary investment objectives are current income and long-term growth of income. The Fund seeks to achieve these objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the public utilities industry. For more information, visit the Fund's website at www.dpimc.com/dnp or call the Fund at (800) 864-0629.
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SOURCE DNP Select Income Fund Inc. | https://www.kwch.com/prnewswire/2022/08/09/dnp-select-income-fund-inc-section-19a-notice/ | 2022-08-09T22:04:22Z | https://www.kwch.com/prnewswire/2022/08/09/dnp-select-income-fund-inc-section-19a-notice/ | true |
BALTIMORE (AP) — The Baltimore Orioles and Toronto Blue Jays will be seeing a lot of each other in the coming weeks.
On Monday night, Ramón Urías and the upstart Orioles measured up fine.
Urías hit a three-run homer in the first inning, and Anthony Santander, Ryan Mountcastle and Austin Hays also went deep to lift Baltimore to a 7-4 victory over the Blue Jays.
The Orioles, who entered the day two games behind Seattle and Tampa Bay for the final two wild cards in the American League, pulled within three of Toronto for the first wild card. This was the first of 15 meetings down the stretch between the Blue Jays and Orioles.
“I don’t know if it’s a statement. I think that we swung the bats really well,” Baltimore manager Brandon Hyde said. “Nice to see us hit some homers. I feel like it’s been a little bit since we’ve had a game like that offensively.”
Baltimore starter Jordan Lyles (9-8) allowed a third-inning homer by Cavan Biggio, but the Orioles responded in their half of that inning with back-to-back solo shots by Santander and Mountcastle to make it 5-1.
Matt Chapman hit a solo homer for Toronto in the sixth, but Hays answered with one of his own in the bottom half.
The Blue Jays scored twice in the eighth, but Félix Bautista came on and retired Whit Merrifield on a two-out grounder with two on. Mountcastle’s RBI single made it 7-4.
The first two Toronto batters of the ninth reached on an error and a single against Bautista. Then the big right-hander struck out Teoscar Hernández and got Bo Bichette to bounce into a double play to secure his fifth save.
Yusei Kikuchi (4-6) allowed five runs and six hits in five-plus innings for the Blue Jays.
“Just a tough way to start today, I think, in the first inning,” manager John Schneider said. “With the three-run homer, kind of putting yourself in a hole a little bit.”
Lyles yielded two runs and eight hits in 5 2/3 innings.
“We obviously know how good and talented they are — one of the better offenses in baseball,” Lyles said. “We know we’re getting into a good stretch of quality opponents. We’ve been playing ball well. Just another series, another Monday night.”
Vladimir Guerrero Jr. singled in the fifth to extend his hitting streak to 19 games, the longest in the AL this year.
Baltimore has won six of seven.
WITH THE GLOVES
In addition to their double play in the ninth, the Orioles also turned one in the fifth with men on first and third and one out.
“That’s not talked about enough, honestly, is how well we’re playing defense,” Hyde said. “Those double plays did not get turned the last few years. Those are big moments, get some guys out of a jam.”
TRAINER’S ROOM
Blue Jays: RHP Ross Stripling (hip) threw a bullpen session Sunday, and Schneider said his next step is either live batting practice or a rehab start. … Schneider said LHP Tim Mayza (shoulder) could be back with the team in three weeks.
Orioles: Hays (side) returned to the lineup after missing four games. … Baltimore recalled RHP Louis Head from Triple-A Norfolk, and INF Rylan Bannon was claimed off waivers by the Los Angeles Dodgers.
UP NEXT
All-Star Alek Manoah (12-5) takes the mound for the Blue Jays on Tuesday night against Baltimore’s Kyle Bradish (1-4).
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More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://www.myarklamiss.com/sports/ap-sports/orioles-hit-4-homers-in-7-4-victory-over-blue-jays/ | 2022-08-09T22:04:24Z | https://www.myarklamiss.com/sports/ap-sports/orioles-hit-4-homers-in-7-4-victory-over-blue-jays/ | true |
SAN DIEGO, Aug. 9, 2022 /PRNewswire/ -- Nuvve (Nasdaq: NVVE), a leader in electrifying transportation, and Vistra (NYSE: VST), one of the largest competitive power generators and retail electricity providers in the country, have announced the first step in their partnership to help school districts modernize bus fleets.
The partnership between Nuvve and Vistra will help school districts access available grant funding, from both federal and state agencies. These grants will make the transition cost-effective while also helping districts save on long-term transportation costs. Thus far, Vistra and Nuvve have helped school districts served by Vistra to apply for more than $4.5M in grant funding to replace older, diesel school buses.
"We know transportation is the top source of greenhouse gas emissions in the U.S., which is why electrifying school bus fleets makes a noticeable, positive impact," said Gregory Poilasne, chairman and CEO of Nuvve. "The transition to zero-emissions electric school buses (ESBs) does more than clean the air. With large batteries on-board and predictable operation times, ESBs are a perfect use-case for vehicle-to-grid (V2G) technology, especially in those markets where energy costs have shown significant volatility."
Nuvve's V2G technology allows districts to manage charging of their buses to ensure they are ready for their designated route. This advanced charging solution also allows districts to put energy back on the grid, providing an additional revenue source. Nuvve also offers smart fleet-management tools, helping transportation teams monitor battery levels by intelligently scheduling bus operation times and ensuring the bus has enough energy to complete its daily routes.
Electric buses also include fewer parts, leading to lower maintenance costs. The benefits extend to drivers as well, with quiet rides and more responsive performance.
"In order for this country to achieve its climate goals, it is going to take creative ideas and partnerships, and a collective effort across sectors," said Scott Hudson, president of Vistra's retail division. "Our customers know we offer more than just reliable power. We're all about innovative solutions. We are proud to join Nuvve to help school districts provide safer, cleaner transportation."
Media
Nuvve:
(W)right On Communications
David Cumpston
dcumpston@wrightoncomm.com
415-902-4461
Vistra:
Meranda Cohn
Media.Relations@vistracorp.com
214-875-8004
Nuvve Investor Contact
ICR Inc.
Eduardo Royes
nuvve@icrinc.com
646-200-8872
About Nuvve
Nuvve Holding Corp. (Nasdaq: NVVE) is leading the electrification of the planet, beginning with transportation, through its intelligent energy platform. Combining the world's most advanced vehicle-to-grid (V2G) technology and an ecosystem of electrification partners, Nuvve dynamically manages power among electric vehicle (EV) batteries and the grid to deliver new value to EV owners, accelerate the adoption of EVs, and support the world's transition to clean energy. By transforming EVs into mobile energy storage assets and networking battery capacity to support shifting energy needs, Nuvve is making the grid more resilient, enhancing sustainable transportation, and supporting energy equity in an electrified world. Since its founding in 2010, Nuvve has successfully deployed V2G on five continents and offers turnkey electrification solutions for fleets of all types. Nuvve is headquartered in San Diego, Calif. and can be found online at nuvve.com.
Nuvve and associated logos are among the trademarks of Nuvve and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
About Vistra
Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. Serving approximately 4 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, Vistra is a large purchaser of wind power. The company owns and operates the 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about our environmental, social, and governance efforts and read the company's sustainability report at https://www.vistracorp.com/sustainability/.
Nuvve Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Nuvve and Nuvve's strategy, future operations, estimated and projected financial performance, prospects, plans and objectives are forward-looking statements. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Nuvve disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. In addition, Nuvve cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) risks related to the rollout of Nuvve's business and the timing of expected business milestones; (ii) Nuvve's dependence on widespread acceptance and adoption of electric vehicles and increased installation of charging stations; (iii) Nuvve's ability to maintain effective internal controls over financial reporting (iv) Nuvve's current dependence on sales of charging stations for most of its revenues; (v) overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; (vi) potential adverse effects on Nuvve's backlog, revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by Nuvve; (vii) the effects of competition on Nuvve's future business; (viii) risks related to Nuvve's dependence on its intellectual property and the risk that Nuvve's technology could have undetected defects or errors; (ix) the risk that we conduct a portion of our operations through a joint venture exposes us to risks and uncertainties, many of which are outside of our control; (x) that our joint venture with Levo Mobility LLC may fail to generate the expected financial results, and the return may be insufficient to justify our investment of effort and/or funds; (xi) changes in applicable laws or regulations; (xii) the COVID-19 pandemic and its effect directly on Nuvve and the economy generally; (xiii) risks related to disruption of management time from ongoing business operations due to our joint ventures; (xiv) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (xv) the possibility that Nuvve may be adversely affected by 3 other economic, business, and/or competitive factors, including increased inflation and interest rates, and the Russian invasion of Ukraine; and (xvi) risks related to the benefits expected from the $1.2 trillion dollar infrastructure bill passed by the U.S. House of Representatives (H.R. 3684). Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the Annual Report on Form 10-K filed by Nuvve with the Securities and Exchange Commission (SEC) on March 31, 2022, and in the other reports that Nuvve has, and will file from time to time with the SEC. Nuvve's SEC filings are available publicly on the SEC's website at www.sec.gov.
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(The Hill) – Republicans are pressuring the Department of Justice (DOJ) to explain its rationale for executing a search warrant on former President Trump’s Mar-a-Lago residence Monday.
House GOP leaders already skeptical of the DOJ criticized the search as being politically motivated.
Rep. Elise Stefanik (N.Y.), House Republican Conference chair, called the search a “dark day in American history” and accused President Biden’s administration of “weaponizing this department against their political opponents.”
Rep. Jim Jordan (R-Ohio), the ranking member on the House Judiciary Committee, said on Fox News on Monday night that FBI Director Christopher Wray and Attorney General Merrick Garland should testify to his committee on Friday, when the House will be back in session in order to act on the Democrats’ tax, climate and health care reconciliation bill.
House Minority Leader Kevin McCarthy (R-Calif.) pledged “immediate oversight” of the department if Republicans win the House majority next year, directing attention at Garland.
“The Department of Justice has reached an intolerable state of weaponized politicization,” McCarthy said in a statement Monday. “Attorney General Garland, preserve your documents and clear your calendar.”
GOP hostility toward the DOJ and the intelligence community have both been building amid Trump’s own criticism of the government.
Republicans decried warrants that allowed the FBI to surveil former Trump campaign aide Carter Page during the 2016 presidential campaign, with the Justice Department later declaring two of the four warrants invalid.
They also allege a double standard, pointing to Hunter Biden’s business activities and the DOJ’s handling of the investigation into former Secretary of State Hillary Clinton having classified emails on a private server. The FBI declined to charge Clinton with any crime, and business activity of President Biden’s son is the subject of an ongoing investigation.
Not all Republicans immediately asserted, though, that the search of Mar-a-Lago was politically motivated when asking for information.
Rep. Mike Turner (R-Ohio), ranking member on the House Intelligence Committee, sent a letter to Wray requesting a briefing on the warrant.
“I am unaware of any actual or alleged national security threat posed by any information, data, or documents in the possession of former President Trump,” Turner wrote. “Congress deserves immediate answers from you as to the actions you ordered.”
Republicans in the Senate similarly called for explanations from the DOJ. Sen. John Barrasso (R-Wyo.) called for the department to “quickly and transparently tell the American people who approved this raid and why it occurred.”
“Transparency brings accountability & if the FBI & DOJ aren’t transparent about raiding a former presidents home they risk further damaging their credibility,” tweeted Sen. Chuck Grassley (R-Iowa), ranking member on the Senate Judiciary Committee.
The search at Mar-a-Lago appears to be connected to the former president’s failure to turn over some presidential records. Authorities previously retrieved boxes of documents from Mar-a-Lago that included classified information. Neither the DOJ nor Trump has revealed the content of the search warrant.
Demands for answers stretched across a spectrum of ideological factions in the GOP and included Republicans who Trump has politically targeted.
Former Vice President Mike Pence said on Twitter that “the appearance of continued partisanship by the Justice Department must be addressed,” calling for a “full accounting” from Garland.
Rep. Peter Meijer (R-Mich.), one of the 10 House Republicans who voted to impeach Trump after the Jan. 6 attack last year, lost a primary challenge to a Trump-backed opponent last week. But he also expressed concerns about “propriety and politicization” related to the raid.
“I will not add to baseless speculation, but Director Wray and AG Garland owe transparency on the justification for setting such a striking precedent,” Meijer said in a tweet.
Minority Leader Mitch McConnell (R-Ky.) has been noticeably absent from the GOP debate, and he declined to answer a question about the raid at a Tuesday press conference to discuss flooding in Kentucky.
Some Republicans are reacting with caution.
“As opposed to rushing to judgment, the most important thing that we could do is let it play out,” Sen. Tim Scott (R-S.C.) said on CBS on Tuesday morning, while also warning that the FBI’s credibility could be in danger if it can’t show something of “incredible magnitude” that led to carrying out the search warrant.
Rep. Lauren Boebert (R-Colo.) issued a warning for those in her party not coming to Trump’s defense.
“If you’re a Republican with any kind of voice, and not speaking up for President Trump tonight don’t expect any of us to speak up for you when your time comes. You may not realize it yet, but they’re coming for all of us,” Boebert said in a tweet Monday night.
Republican probes into the handling of the search warrant would come on top of other congressional GOP investigations into alleged political bias in the DOJ.
McCarthy has repeatedly brought up the Department of Justice’s handling of strategies to address threats directed at school board members and teachers. House Judiciary Committee Republicans say that according to whistleblowers who have contacted them, the FBI opened investigations into parents.
Grassley has similarly said that “multiple Justice Department whistleblowers” have approached his office about alleged political bias in the department revolving around election and campaign finance investigations and matters revolving around Hunter Biden. | https://www.wdtn.com/news/gop-pressures-doj-for-answers-on-trump-raid/ | 2022-08-09T22:07:13Z | https://www.wdtn.com/news/gop-pressures-doj-for-answers-on-trump-raid/ | false |
SAN MATEO, Calif. (AP) _ Model N Inc. (MODN) on Tuesday reported a loss of $6.2 million in its fiscal third quarter.
On a per-share basis, the San Mateo, California-based company said it had a loss of 17 cents. Earnings, adjusted for stock option expense and amortization costs, were 23 cents per share.
The provider of revenue management services to the life science and technology industries posted revenue of $56.2 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $55.1 million.
For the current quarter ending in September, Model N said it expects revenue in the range of $56 million to $56.5 million.
The company expects full-year revenue in the range of $217 million to $217.5 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 MODN at https://www.zacks.com/ap/MODN | https://www.sfchronicle.com/business/article/Model-N-Fiscal-Q3-Earnings-Snapshot-17362617.php | 2022-08-09T22:08:28Z | https://www.sfchronicle.com/business/article/Model-N-Fiscal-Q3-Earnings-Snapshot-17362617.php | false |
Biden Withdraws Support of Black Farmers
BOYDTON, Va., Aug. 9, 2022 After fighting for debt relief for over 3 decades, Boyd was elated when the Emergency Relief for Farmers of Color was passed and signed into law by President Joe Biden last year in the American Rescue Plan Act of 2021. Boyd met with Biden during the SC primaries to discuss the plight of Black Farmers and it was agreed upon that Biden would address Black Farmer issues. Again, last July (2021), Biden reaffirmed to Boyd he would have a face time meeting with him to discuss the ongoing struggles and delay of America's Black Farmers getting the long sought-after debt relief.
What could be worse than having another President to overturn legislation you enacted to help Black and other Farmers of Color during a pandemic; repealing your own legislation to take it away while they are being served foreclosure notices in a recession with the highest record of input costs in 40 years while sending hundreds of millions in aid to Ukraine farmers.
The Inflation Reduction Act of 2022 Section 22008 repeals the American Rescue Plan Act of 2021 Section 1005 which provided Black, Native and other Farmers of Color debt relief.
SEC. 22008. REPEAL OF FARM LOAN ASSISTANCE.
Section 1005 of the American Rescue Plan Act of 2021 (7 U.S.C. 1921
note; Public Law 117-2) is repealed.
"I'm very, very disappointed in this legislative action," he said in response to reading the final bill passed by the Senate. "I'm prepared to fight for debt relief for Black, Native American and other farmers of color all the way to the Supreme Court. I'm not going to stop fighting this."
"Discrimination at USDA against Black Farmers was rampant and severe. Section 1005 Loan Repayment program was a necessary step towards fixing those harms. To acknowledge and correct racism is not unconstitutional or racist."
WATCH NOW: Black Farmers Face Delays In Pandemic Debt-Relief As Prices Soar
We call upon our fellow farmers, neighbors and friends to join John Boyd in his call for President Joe Biden to issue a Farm Foreclosure Moratorium to save American Farmers. The Biden Mortgage Moratorium must include foreclosure protection for USDA Farm Service Agency (FSA) Farm Ownership Direct and Guaranteed Loans as other Agricultural Loans while legislative remedies are being debated in Congress.
America's Farmers are worth saving!
Donate NOW to support the Association of American Indian Farmers and National Black Farmers Association. We are 501(c)3 nonprofit organizations providing advocacy, outreach and direct technical assistance to Black and other minority as well as small-scale family farmers.
For interviews, please contact John Boyd via email at JBoyd@JohnBoydJr.com or 804-691-8528.
Contact: John Boyd, Jr.
(804) 691-8528
Email: JBoyd@JohnBoydJr.com
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SOURCE National Black Farmers Association | https://www.wagmtv.com/prnewswire/2022/08/09/nbfa-president-boyd-releases-official-statement-president-bidens-withdrawal-support-black-farmers/ | 2022-08-09T22:09:05Z | https://www.wagmtv.com/prnewswire/2022/08/09/nbfa-president-boyd-releases-official-statement-president-bidens-withdrawal-support-black-farmers/ | false |
SUNNYVALE, Calif. (AP) — A Hawaii man has been arrested after DNA technology helped investigators identify him as a suspect in the 1992 slaying of a 15-year-old girl who was abducted in Northern California from a bus stop, raped and killed, authorities said.
Karen Stitt was waiting for a bus in Sunnyvale when she disappeared in the early morning hours of Sept. 3, 1982. A delivery truck driver discovered her naked body among some bushes 100 yards (91 meters) away from the bus stop, the Mercury News reported Tuesday.
Last week, Sunnyvale police arrested Gary Ramirez, 75, in Maui after they say his DNA matched the blood from Karen’s leather jacket and the 4-foot (1.2-meter) cinder block wall where the killer left her after stabbing her 59 times, the newspaper reported.
Ramirez remains incarcerated in a Maui jail awaiting an extradition hearing Wednesday to bring him to California. It was not immediately clear if he has retained an attorney who can speak on his behalf.
Santa Clara County cold case investigators say they used DNA technology linked to family tree genealogy, the same investigative process that led to the arrest and guilty plea of the Golden State Killer in 2018.
Sunnyvale police Detective Matt Hutchison said he arrested Ramirez, a man with a bad hip who appeared so shocked he could say little more than, “Oh my gosh.”
Ramirez, a retired bug exterminator, had no criminal record, police say. His older brother, Rudy Ramirez, who also lives in Maui, said he can’t imagine that his younger brother would be capable of such a horrific crime.
“I’ve never seen him violent or get angry ever,” Ramirez’s brother told the newspaper. “He wouldn’t hurt a fly.”
Three years ago, Hutchison teamed up with a genealogist who narrowed the DNA down to four brothers. Hutchison then sought out one of Gary Ramirez’s children and collected a DNA sample, which showed a high probability that the suspect was their father, he said. After that, authorities used a search warrant to swab Gary Ramirez’s mouth for a DNA sample, which a crime lab confirmed matched the DNA found at the crime scene.
When he opened the email with the DNA match, “I wanted to scream, but I can’t because I didn’t want to wake up the hotel,” Hutchinson said. “So I just took a moment to reflect.”
He opened up his laptop and clicked on the photo of Karen.
“I took a quick glance at her photo,” he said, “and I just told her, ‘We did it.’” | https://www.seattletimes.com/nation-world/nation/dna-leads-to-arrest-of-hawaii-man-in-1982-california-killing/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_all | 2022-08-09T22:10:25Z | https://www.seattletimes.com/nation-world/nation/dna-leads-to-arrest-of-hawaii-man-in-1982-california-killing/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_all | true |
Interim chair is 1st woman to lead Hockey Canada board
CALGARY, Alberta (AP) — Andrea Skinner has been appointed interim chair of Hockey Canada’s board of directors amid scrutiny of the organization for its handling of sexual assault allegations against members of previous men’s junior teams. Skinner, a Toronto attorney, is the first woman to lead the organization’s board. She succeeds Michael Brind’Amour, who resigned last week. The federal government froze Hockey Canada’s funding after it was revealed the organization had quietly settled a lawsuit with a woman who alleged she was sexually assaulted by members of the 2018 men’s junior team. The freeze will continue until Hockey Canada meets several conditions, including a plan to change its culture. | https://kion546.com/sports/ap-national-sports/2022/08/09/interim-chair-is-1st-woman-to-lead-hockey-canada-board/ | 2022-08-09T22:10:32Z | https://kion546.com/sports/ap-national-sports/2022/08/09/interim-chair-is-1st-woman-to-lead-hockey-canada-board/ | true |
CONCORD, N.H. — A jury on Tuesday acquitted a commercial truck driver of causing the deaths of seven motorcyclists in a horrific head-on collision in northern New Hampshire that exposed fatal flaws in the processing of license revocations across states.
Volodymyr Zhukovskyy, 26, of West Springfield, Massachusetts, was found innocent on seven counts of manslaughter, seven counts of negligent homicide and one count of reckless conduct in connection with the June 21, 2019, crash in Randolph. Jailed since the crash, he appeared to wipe away tears as the verdict was read and briefly raised his index finger skyward before leaving the courtroom.
Jurors deliberated for less than three hours after a two-week trial during which prosecutors argued that Zhukovskyy, who had taken heroin, fentanyl and cocaine that day, repeatedly swerved back and forth before the head-on crash and told police he caused it. But a judge dismissed eight charges related to whether he was impaired, and his attorneys blamed the lead biker, Albert “Woody” Mazza, who was among those killed.
In closing statements Tuesday morning, the two sides raised questions about who was more “all over the place”: the trucker accused of swerving back and forth across the road or the eyewitnesses accused of contradicting each other.
“There is no doubt that this accident was a tragedy,” said defense attorney Jay Duguay said. “But we are not here to decide whether or not this was a tragedy.”
Duguay said Mazza was drunk and not looking where he was going when he lost control of his motorcycle and slid in front of Zhukovskyy’s truck. He also accused prosecutors of ignoring that their own accident reconstruction unit contradicted their theory that Zhukovskyy crossed into the oncoming lane. An expert hired by the defense, meanwhile, testified that the crash happened on the center line of the road and would have occurred even if the truck was in the middle of its lane because Mazza’s motorcycle was heading in that direction.
“From the beginning of this investigation, the state had made up their mind about what had happened, evidence be damned,” said Duguay, who also highlighted inconsistencies between witness accounts or when witnesses contradicted themselves.
“Those witnesses were all over the place about what they recalled and what they claimed to have seen,” he said.
In particular, Duguay suggested that members of the Jarheads Motorcycle Club “shaded” their accounts to protect Mazza and the club. Prosecutor Scott Chase acknowledged some inconsistencies, but asked jurors to remember the circumstances.
“People were covering the dead, trying to save the barely living, comforting the dying. This wasn’t story time,” he said. “They were up here talking about some of the most unimaginable chaos, trauma, death and carnage that we can even imagine three years later. They were talking about hell broke open.”
Witnesses were consistent, he argued, in describing the truck as weaving back and forth before the crash. That behavior continued “until he killed people,” Chase said.
“That’s what stopped him. It’s not that he made some responsible decision to start paying attention or do the right thing,” he said. “The only thing that stopped him was an embankment after he tore through a group of motorcycles.”
Chase called the attempt to blame Mazza a “fanciful story” and “frivolous distraction,” while reminding jurors of that Zhukovskyy, who didn’t testify at trial, told investigators “Obviously, I caused the crash.”
“He was crystal clear from the very beginning that he caused this crash,” Chase said. “That is what he said, because that is what happened.”
Zhukovskyy’s commercial driving license should have been revoked in Massachusetts at the time of the crash because of a drunken driving arrest in Connecticut about two months earlier.
Connecticut officials alerted the Massachusetts Registry of Motor Vehicles, but Zhukovkskyy’s license wasn’t suspended due to a backlog in out-of-state notifications about driving offenses. In a review, federal investigators found similar backlog problems in Rhode Island, New Hampshire and at least six other jurisdictions.
The motorcyclists who died were from New Hampshire, Massachusetts and Rhode Island and ranged in age from 42 to 62. They were part of a larger group that had just left a motel along U.S. Route 2 in Randolph.
Killed were Mazza, of Lee, New Hampshire; Edward and Jo-Ann Corr, a couple from Lakeville, Massachusetts; Michael Ferazzi, of Contoocook, New Hampshire; Desma Oakes, of Concord, New Hampshire; Daniel Pereira, of Riverside, Rhode Island; and Aaron Perry, of Farmington, New Hampshire.
Associated Press Writer Kathy McCormack contributed to this report. | https://www.newscentermaine.com/article/news/regional/new-hampshire/truck-driver-acquitted-in-deaths-of-motorcyclists-in-2019/97-1f2eff22-b41c-4d3e-994d-0832fbdb31f4 | 2022-08-09T22:11:26Z | https://www.newscentermaine.com/article/news/regional/new-hampshire/truck-driver-acquitted-in-deaths-of-motorcyclists-in-2019/97-1f2eff22-b41c-4d3e-994d-0832fbdb31f4 | false |
TAMPA, Fla. (AP) _ BRP Group, Inc. (BRP) on Tuesday reported second-quarter net income of $8.6 million, after reporting a loss in the same period a year earlier.
The Tampa, Florida-based company said it had profit of 14 cents per share. Earnings, adjusted for one-time gains and costs, came to 23 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The company posted revenue of $232.5 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $220.5 million.
BRP Group shares have dropped 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.81, an increase of roughly 4% 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 BRP at https://www.zacks.com/ap/BRP | https://www.sfgate.com/business/article/BRP-Group-Q2-Earnings-Snapshot-17362534.php | 2022-08-09T22:12:09Z | https://www.sfgate.com/business/article/BRP-Group-Q2-Earnings-Snapshot-17362534.php | true |
BURLINGTON, Mass. (AP) _ Everbridge Inc. (EVBG) on Tuesday reported a loss of $36.2 million in its second quarter.
The Burlington, Massachusetts-based company said it had a loss of 91 cents per share. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The software developer posted revenue of $103 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $102 million.
For the current quarter ending in October, Everbridge expects its per-share earnings to range from 16 cents to 17 cents.
The company said it expects revenue in the range of $110.6 million to $111 million for the fiscal third quarter.
Everbridge expects full-year earnings in the range of 33 cents to 38 cents per share, with revenue ranging from $428.2 million to $432.8 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVBG at https://www.zacks.com/ap/EVBG | https://www.sfgate.com/business/article/Everbridge-Q2-Earnings-Snapshot-17362520.php | 2022-08-09T22:13:10Z | https://www.sfgate.com/business/article/Everbridge-Q2-Earnings-Snapshot-17362520.php | true |
WFO NEW YORK CITY Warnings, Watches and Advisories for Tuesday, August 9, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service New York NY
518 PM EDT Tue Aug 9 2022
...Strong thunderstorms will impact portions of northeastern New
London County through 545 PM EDT...
At 518 PM EDT, Doppler radar was tracking strong thunderstorms along
a line extending from near Coventry to near Norwich. Movement was
east at 35 mph.
HAZARD...Winds in excess of 40 mph and pea size 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...
Jewett City, Norwich, Griswold, Lebanon, Preston, Lisbon, Sprague,
Bozrah, Voluntown and Franklin.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
Torrential rainfall is also occurring with these storms and may lead
to localized flooding. Do not drive your vehicle through flooded
roadways.
Frequent cloud to ground lightning is occurring with these storms.
Lightning can strike 10 miles away from a thunderstorm. Seek a safe
shelter inside a building or vehicle.
LAT...LON 4151 7179 4156 7224 4165 7203 4163 7196
4164 7186 4164 7179
TIME...MOT...LOC 2118Z 277DEG 30KT 4166 7162 4153 7205
MAX HAIL SIZE...0.25 IN
MAX WIND GUST...40 MPH
_____
Copyright 2022 AccuWeather | https://www.sfchronicle.com/weather/article/CT-WFO-NEW-YORK-CITY-Warnings-Watches-and-17362672.php | 2022-08-09T22:13:25Z | https://www.sfchronicle.com/weather/article/CT-WFO-NEW-YORK-CITY-Warnings-Watches-and-17362672.php | false |
SAN MATEO, Calif. (AP) _ Model N Inc. (MODN) on Tuesday reported a loss of $6.2 million in its fiscal third quarter.
On a per-share basis, the San Mateo, California-based company said it had a loss of 17 cents. Earnings, adjusted for stock option expense and amortization costs, were 23 cents per share.
The provider of revenue management services to the life science and technology industries posted revenue of $56.2 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $55.1 million.
For the current quarter ending in September, Model N said it expects revenue in the range of $56 million to $56.5 million.
The company expects full-year revenue in the range of $217 million to $217.5 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MODN at https://www.zacks.com/ap/MODN | https://www.sfgate.com/business/article/Model-N-Fiscal-Q3-Earnings-Snapshot-17362617.php | 2022-08-09T22:14:47Z | https://www.sfgate.com/business/article/Model-N-Fiscal-Q3-Earnings-Snapshot-17362617.php | true |
Good Tuesday evening! Rain that has fallen over our southern counties have come to an end and clouds should begin to start to clear out throughout the evening and overnight hours. Lows tonight will be down into the lower 60s and upper 50s.
For Wednesday, look for mostly sunny skies with highs in the mid to lower 80s. We'll have a calm NE wind at around 5 mph.
Thursday will feature a weak front that will pass through that will give us a small chance for a shower/thundershower. Chances for the viewing area will be less than 20%. Highs on Thursday will be back in the mid to lower 80s.
For Friday, highs will be in the lower 80s to upper 70s with clearing skies and sunshine. | https://www.wlfi.com/weather/decreasing-clouds-overnight-with-comfortable-temperatures/article_46fbeed0-1824-11ed-9a34-93e0a0b6ecb9.html | 2022-08-09T22:15:59Z | https://www.wlfi.com/weather/decreasing-clouds-overnight-with-comfortable-temperatures/article_46fbeed0-1824-11ed-9a34-93e0a0b6ecb9.html | false |
The pandemic-era freeze on student debt payments has “dramatically” improved credit scores for Americans who borrowed money to pay for college, the Federal Reserve Bank of New York said.
About 30 million people saw improvements in their risk profile, with the biggest gains going to borrowers who were delinquent before the pandemic, New York Fed economists said in a blog post on Tuesday. They were summarizing the findings of an annual report on U.S. student debt, which exceeds $1.7 trillion in total.
The moratorium on repayments and interest charges for federal student loans has been in place since the pandemic began in early 2020. It’s currently set to expire on Aug. 31, though the White House is weighing another extension, as well as a partial debt forgiveness for some borrowers.
Biden signs bill to bolster high-tech
President Biden on Tuesday signed a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to increase U.S. competitiveness over China.
Flanked by scores of lawmakers, union officials, local politicians and business leaders, Biden feted the legislation, a core part of his economic agenda that will incentivize investments in the American semiconductor industry in an effort to ease U.S. reliance on overseas supply chains for critical, cutting-edge goods.
“The future of the chip industry is going to be made in America,” Biden said in a sweltering Rose Garden ceremony, referring to the diminutive devices that power everything from smartphones to computers to automobiles.
The legislation sets aside $52 billion specifically to bolster the U.S. computer chip sector.
The bill has been more than a year in the making, but finally cleared both chambers of Congress late last month with significant bipartisan margins. | https://www.bostonherald.com/2022/08/09/ticker-student-loan-freeze-led-to-big-credit-score-gains-biden-signs-bill-to-bolster-high-tech/ | 2022-08-09T22:16:58Z | https://www.bostonherald.com/2022/08/09/ticker-student-loan-freeze-led-to-big-credit-score-gains-biden-signs-bill-to-bolster-high-tech/ | false |
WFO SHREVEPORT Warnings, Watches and Advisories for Tuesday, August 9, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Shreveport LA
330 PM CDT Tue Aug 9 2022
...A strong thunderstorm will impact portions of Smith, southeastern
Wood, southwestern Upshur and southwestern Gregg Counties through 415
PM CDT...
At 329 PM CDT, Doppler radar was tracking a strong thunderstorm over
Lindale, or 9 miles southeast of Mineola, moving southeast at 25 mph.
HAZARD...Winds in excess of 40 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...
Tyler, Kilgore, Whitehouse, Mineola, Lindale, Big Sandy, Hawkins,
Hoard, Liberty City, Noonday, New Chapel Hill, Winona, Red Springs,
Carroll and Teaselville.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
This storm may intensify, so be certain to monitor local radio
stations and available television stations for additional information
and possible warnings from the National Weather Service.
LAT...LON 3273 9535 3244 9485 3213 9539 3213 9546
3217 9547 3218 9546 3220 9546 3223 9549
3225 9547 3226 9547 3230 9545 3231 9546
3236 9545 3246 9558 3252 9560 3257 9560
TIME...MOT...LOC 2029Z 328DEG 20KT 3254 9540
MAX HAIL SIZE...0.50 IN
MAX WIND GUST...40 MPH
_____
Copyright 2022 AccuWeather | https://www.myplainview.com/weather/article/TX-WFO-SHREVEPORT-Warnings-Watches-and-17362508.php | 2022-08-09T22:17:38Z | https://www.myplainview.com/weather/article/TX-WFO-SHREVEPORT-Warnings-Watches-and-17362508.php | true |
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