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Anne Heche dies of crash injuries after life support removed
Anne Heche, the Emmy-winning film and television actor whose dramatic Hollywood rise in the 1990s and accomplished career contrasted with personal chapters of turmoil, died of injuries from a fiery car crash. She was 53.
Heche was “peacefully taken off life support," spokeswoman Holly Baird said in a statement Sunday night.
Heche had been on life support at a Los Angeles burn center after suffering a “severe anoxic brain injury,” caused by a lack of oxygen, when her car crashed into a home Aug. 5, according to a statement released Thursday by a representative on behalf of her family and friends.
She was declared brain-dead Friday, but was kept on life support in case her organs could be donated, an assessment that took nine days. In the U.S., most organ transplants are done after such a determination.
A native of Ohio whose family moved around the country, Heche endured an abusive and tragic childhood, one that helped push her into acting as a way of escaping her own life. She showed enough early promise to be offered professional work in high school and first came to prominence on the NBC soap opera “Another World” from 1987 to 1991, winning a Daytime Emmy Award for the role of twins Marley and Vicky Hudson, who on the show sustained injuries that anticipated Heche’s: Vicky falls into a coma for months after a car crash.
By the late 1990s Heche was one of the hottest actors in Hollywood, a constant on magazine covers and in big-budget films. In 1997 alone, she played opposite Johnny Depp as his wife in “Donnie Brasco” and Tommy Lee Jones in “Volcano” and was part of the ensemble cast in the original “I Know What You Did Last Summer.”
The following year, she starred with Ford in “Six Days, Seven Nights” and appeared with Vince Vaughn and Joaquin Phoenix in “Return to Paradise.” She also played one of cinema’s most famous murder victims, Marion Crane of “Psycho,” in Gus Van Sant’s remake of the Alfred Hitchcock classic, and co-starred in the indie favorite “Walking and Talking.”
Around the same time, her personal life led to even greater fame, and both personal and professional upheaval. She met Ellen DeGeneres at a the 1997 Vanity Fair Oscar party, fell in love and began a 3-year relationship that made one of Hollywood’s first openly gay couples. But Heche later said her career was damaged by an industry wary of casting her in leading roles. She would remember advisers opposing her decision to have DeGeneres accompany her to the premiere of “Volcano.”
“We were tapped on the shoulder, put into her limo in the third act and told that we couldn’t have pictures of us taken at the press junket,” Heche said in 2018 on the podcast Irish Goodbye.
After she and DeGeneres parted, Heche had a public breakdown and would speak candidly of her mental health struggles.
Heche’s delicately elfin look belied her strength on screen. When she won the National Board of Review’s 1997 best supporting actress award, the board cited the one-two punch of “Donnie Brasco” and the political satire “Wag the Dog,” in which Heche portrayed a cynical White House aide and held her own against film great Robert De Niro.
Heche also called effectively on her apparent fragility. In 2002 she starred on Broadway in the play “Proof” as a woman fearful of losing her sanity just like her father, a brilliant mathematics professor. An Associated Press review praised her “touching performance, vulnerable yet funny, particularly when Catherine mocks the suspicions about her mental stability.”
In the fall of 2000, soon after her break-up with DeGeneres, Heche was hospitalized after knocking on the door of a stranger in a rural area near Fresno, California. Authorities said she had appeared shaken and disoriented and spoke incoherently to the residents.
In a memoir released the following year, “Call Me Crazy,” Heche talked about her lifelong battles. During a 2001 interview with TV journalist Barbara Walters, Heche recounted in painful detail alleged sexual abuse by her father, Donald Heche, who professed to be devoutly religious and died in 1983 from complications of AIDS. Heche described her suffering as so extreme she developed a separate personality and imagined herself descended from another planet.
In the final days of his life, Heche said, she learned he was secretly gay and that she believed his inability to live honestly fueled his anger and hurtful behavior. Not long after her father died, her brother Nathan — one of her four siblings — was killed in a car crash.
“I’m not crazy. But it’s a crazy life. I was raised in a crazy family and it took 31 years to get the crazy out of me,” Heche told Walters. In an effort to escape the past, “I drank. I smoked. I did drugs. I had sex with people. I did anything I could to get the shame out of my life.”
Heche dated Steve Martin in the 1990s, and is widely believed to have inspired the childlike, but ambitious aspiring actor played by Heather Graham in his Hollywood spoof “Bowfinger.” She later had a son with camera operator Coleman Laffoon, to whom she was married from 2001 to 2009. She had another son during a relationship with actor James Tupper, her co-star on the TV series “Men In Trees.”
Heche worked consistently in smaller films, on Broadway and on TV shows in the past two decades. She recently had recurring roles on the network series “Chicago P.D.” and “All Rise,” and in 2020 was a contestant on “Dancing With the Stars.” | https://www.wesh.com/article/anne-heche-dies-of-crash-injuries/40894208 | 2022-08-15T11:44:47Z | https://www.wesh.com/article/anne-heche-dies-of-crash-injuries/40894208 | true |
Firm to Remain a Minority Investor
NEW YORK, Aug. 15, 2022 /PRNewswire/ -- Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, today announced the closing of the merger of its portfolio company, Altima Dental, with 123Dentist, a leading dental support organization ("DSO") based in Vancouver, to create one of the largest DSOs in Canada. The transaction was financed through equity capital provided by 123Dentist's existing private equity sponsor, Peloton Capital Management, and new investors KKR, a leading global investment firm, and Heartland Dental, a KKR portfolio company and the leading dental support organization in the U.S. Sentinel will retain a minority equity stake in the combined company. Terms of the deal were not disclosed.
Altima Dental, headquartered in Toronto, was Sentinel's fifth investment in the dental sector at the time of the closing in 2016. In 2019, Altima merged with Quebec-based Lapointe Group, creating a leading DSO with offices in six provinces across Canada. In July 2022, Altima Dental and 123Dentist announced the plan to merge all three entities to create one of the largest DSOs in Canada with a network of 350 clinics servicing the entire country with a presence in every major metropolitan market. The merger creates a business with a national footprint across Canada and supports dental practices that provide a wide range of dental care to more than 800,000 patients, with more than 2.5 million patient visits annually.
"We expect this merger to benefit Canadian dentists, dental professionals, and patients alike, and will greatly expand support services for an already thriving dentist community that focuses on delivering exceptional care, improved access to high quality dentistry services, and greater opportunities for career advancement and mentorship for our team members," said Dr. Amin Shivji, CEO of 123Dentist.
"As a dentist-led organization for nearly 30 years, we have focused on bringing to patient care a dentist perspective as we built Altima Dental. Because 123Dentist has a similar focus, this combination will enable our supported dentists to continue to deliver an exceptional patient experience to Canadians," said Dr. George Christodoulou and Dr. Sven Grail, co-Founders and co-CEOs of Altima Dental. "Now, as part of the 123Dentist family, we are incredibly well-positioned to further develop our capabilities as one of the leading dental support organizations in Canada."
"We are grateful for the strong partnership we have had with the founders and management teams at Altima Dental and Lapointe Group," said Paul Murphy, Partner at Sentinel Capital Partners. "As an ongoing investor in the merger, we are looking forward to supporting Dr. Amin Shivji and the combined 123Dentist team as they continue to build a leading dentist-centric organization."
Sentinel has established a strong long-term record of investing in the dental sector dating back to its first platform investment in 2003. Besides Altima Dental, Sentinel's other dental investments include MB2 Dental, a dental partnership organization with a unique doctor-centric ownership model; Castle Dental and Metro Dentalcare, each a leading regional dental service provider; Northeast Dental Management, a leading dental service provider in the Northeast and Mid-Atlantic; and ReachOut Healthcare America, a leader in mobile dentistry.
Sentinel specializes in buying and building midmarket businesses in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million. Sentinel also invests in special situations, including balance sheet restructurings, operational turnarounds, and minority junior capital solutions. For more information, please visit: sentinelpartners.com.
Altima Dental is one of Canada's longest-standing premier dental support organizations, founded and led by dentists, Dr. George Christodoulou and Dr. Sven Grail, who recognize the aspiration of providing exceptional healthcare and achieving personal and professional advancement. Altima Dental focuses on supporting superior patient care, best clinical practices, and true partnership with dentists. Altima Dental was named 2021 Best Workplaces in Health Care. For more information, please visit: altimadentalpartners.com.
Founded in 1987 by Larry and Yves Lapointe, Lapointe Group has been serving professionals and patients for 35 years. The Lapointe Group joined Altima Dental in 2019 and operates the Lapointe Dental Centres, a 100% Quebec banner of the Lapointe Group, with over 35 dental practices that provide the infrastructure for the practice of dental health professionals, offering a wide range of integrated services that enable dentists and denturists to optimize their practice and direct their full focus on patient care. The Lapointe Group also operates a high-tech integrated dental lab, Summum Dental Laboratory, including over 80 dental technicians, and expertise in all types of dental prosthetics. For more information, please visit: centreslapointe.com.
123Dentist is a leading dental support organization in Canada. It has grown from a single practice in Vancouver, owned by CEO Dr. Amin Shivji and two partners, to more than 250 supported practices and 3,500 team members. 123Dentist was founded on two key principles: putting patients above all else; and that supported dentists and staff are the most important factors in keeping patients happy. 123Dentist's vision is to be the dental support community all Canadian dentists and dental professionals want to belong to. 123Dentist offers alternative partnership models to meet the needs of each individual dentist, including the opportunity to retain ownership of the clinic. This unique model enables supported dentists to focus on providing optimal care to patients, while an experienced team provides a wide range of support services. For more information, please visit: 123dentist.com.
Contact: Roland Tomforde
Broadgate Consultants
212-232-2222
View original content:
SOURCE Sentinel Capital Partners | https://www.kold.com/prnewswire/2022/08/15/sentinel-exits-altima-dental-via-merger-with-123dentist/ | 2022-08-15T11:45:45Z | https://www.kold.com/prnewswire/2022/08/15/sentinel-exits-altima-dental-via-merger-with-123dentist/ | true |
Ryan Giggs and girlfriend Kate Greville had a ‘serious argument’ while on a trip to buy a dog in Scotland just months before he ‘headbutted’ her
- Ryan Giggs is accused of using controlling and coercive behaviour and assaulting ex-girlfriend Kate Greville
- He is also charged with common assault of her younger sister, Emma Greville, at home in Worsley, Manchester
- Ex Manchester United footballer, 48, denies all charges and is currently on trial at Manchester Crown Court
The sister of Ryan Giggs's ex-girlfriend today told a court how a 'serious argument' blew up while they were in Scotland - a few months before he allegedly headbutted during a row at his £1.7million mansion.
Emma Greville, 26, said she had accompanied her sister Kate Greville, ex-footballer Giggs, and two of his friends on a trip north of the border to go and buy a dog and noticed the pair 'bickering' while in a pub.
She told the court that there was a 'frostiness' in the couple's relationship, which she said had started as 'loving' but had become 'distant'.
Giving evidence in the former Manchester United star's assault and controlling behaviour trial, she said: 'On the second night (in Scotland) we were in the pub and they'd been bickering. I don’t know what about.
'I went to the toilet and came back and Ryan wasn't sitting at the table and one of his friends was not at the table.Kate was upset and talking to the friend who remained at the table.'
Asked by Mr Wright QC, prosecuting, where Giggs was, she replied: 'Kate said his friend had taken him outside. I could just tell way Kate was acting they’d had a serious argument.'
Describing the change in her sister's relationship, Emma said: 'It went from a loving relationship to being distant. You could feel the frostiness between them.'
Said said she had seen 'verbal conflict' but not physical until the night of the alleged headbutt on November 1 2020
It comes after the court was today told how Kate Greville told a friend that bruising on her wrist was because of 'rough sex' with the former football star the night before.
Ms Greville met friend and boss Elsa Roodt a day after an alleged assault at a hotel in Dubai in 2017, in which she claims she was 'dragged out of her room naked' after she accused the ex-Manchester United star of seeing another woman.
PR boss Ms Roodt - giving evidence from a TV link from Dubai - today told Manchester Crown Court that she met with Ms Greville the following day in her office.
Ms Roodt said: 'She (Ms Greville) was very upset. She had been crying on and off and I noticed there were bruises on her arm. I could see them.'
Peter Wright QC, prosecuting, asked her: 'When you saw the bruises on her arm, did you speak to her about them?
Ms Roodt replied: 'Yes, I asked her where she got the bruises.' She continued: 'She said after the argument they had, they ended up having quite rough sex, and the bruises were from that.'
Ms Roodt, who had employed Ms Greville to work in the Abu Dhabi office of her PR firm at the time, said she also noticed bruising again on Ms Greville's arm on a separate occasion in Dubai in February 2020.
She said that Ms Greville had been 'crying all night.' She said: 'She was very upset. She seemed very sad. She had bruises on her arm.'
The PR chief said Ms Greville told her that this time 'Ryan got physical with her the night before in the hotel.'
Former Wales midfielder Giggs, 48, is charged with assaulting former girlfriend, PR executive Kate Greville, causing her actual bodily harm during an argument at his £1.7million home in Worsley, Greater Manchester, on November 1, 2020.
He is also charged with common assault of Ms Greville’s younger sister, Emma Greville, during an incident on the same day and of coercive or controlling behaviour over their six-year on-and-off relationship.
Ex-Manchester United star Ryan Giggs (pictured left) has today arrived back in court for the second week of his assault and controlling behaviour trial. The former footballer, 48, arrived at Manchester Crown Court this morning for the sixth day of evidence in the trial
The former footballer, 48, arrived at Manchester Crown Court this morning (pictured left) for the sixth day of evidence in the trial. He is accused of 'headbutting' ex-partner Kate Greville (pictured right) and using coercive and controlling behaviour towards her during their 'toxic' six-year on-and-off relationship
Ms Roodt had earlier told how she had to call the company's internet provider to block Giggs' email as it was 'very intense'. She said: 'It was interfering with her work so we had not other options but to block his emails'
Ms Roodt said that when Ms Greville first came to live in Abu Dhabi away from Giggs she started to 'really come out of her shell', adding: 'she was really bubbly, really happy and we went out.'
However when Ms Greville and Giggs rekindled their relationship, Ms Roodt said: 'She seemed a lot more worried. Her social pattern was a lot less. We didn't spend much time with her.'
Mr Wright QC added: 'You referred to her appearing nervous, how did that manifest itself? In what sort of behaviour?'
Ms Roodt responded and said :'She would be completely obsessed with her phone and constantly being available at all times.'
Yet when the relationship ended, Ms Roodt said her employee was 'lighter, happier'.
Cross examining Ms Greville, Chris Daw QC defending Giggs, asked Ms Roodt if she knew if Ms Greville and Giggs frequently enjoyed 'rough sex' but she said she did not know.
Ms Roodt admitted she was never present at any arguments between Ms Greville and Giggs and had only met the former Wales boss 'maybe three times.'
Ms Roodt confirmed one of those occasions was a a wedding in Spain involving Ms Greville's friends in 2017. Asked if Giggs was 'friendly, sociable and kind' at the event, Ms Roodt replied: 'Yes.'
It comes after jurors were on Friday shown police bodycam footage of Giggs being arrested in a 'blood-stained shirt' after telling officers how he 'hit' his ex-girlfriend Kate 'in the lip'.
The court heard how the pair had earlier argued at dinner after PR executive Ms Greville 'accused' him of 'couple of things' before returning alone to the property, where they then rowed over their five-month-old golden retriever – 'Mac'.
Ms Greville previously told the court she had found evidence on an iPad that Giggs had engaged in 'full-on' relationships with eight other women during their six-year on and off relationship, and initially told police at the scene the number was as high as 12.
The officer said how Giggs, who admitted that he had been drinking that night, 'had blood around his mouth' when he arrived at the former Wales midfielder's property. The officer said how he found Ms Greville sitting on floor of the kitchen 'visibly upset'.
In the footage, Giggs, seen wearing a white shirt with a blood mark on it, responds to say he and Ms Greville, 38, had been out for a meal and a 'few drinks in town', while her sister looked after their dog at the house.
The ex-Wales midfielder tells the officer that, following an argument, he had asked his ex-partner to leave the property and the pair had 'got into a little bit of a tangle'.
He then tells the police he tried to get his phone off her during the incident and there had been a 'struggle on the floor'. Giggs alleges to the police 'she kicked me' and 'bust my lip'.
In the footage, Giggs tells the officer 'We had an argument and she said 'I'm taking the dog'. We recently had a puppy, he's in the garage. 'He's my puppy, no it's not he's mine', that kind of thing.'
He then tells the officer that he 'stupidly' refused to hand over Ms Greville's mobile phone which he had taken off her, before saying: 'I hit her in the lip', before accusing Ms Greville of 'kicking' him 'in the head' and 'busting his lip'.
Later bodycam footage shows the officer cautioning a calm-looking Giggs – who is not put in handcuffs – before he is walked to a police van and locked in the back.
On Friday, jurors also heard two dramatic 999 calls made after the footballer's alleged assault. During the calls, Ms Greville is heard shouting in the background: 'Oh my god it's so bad,' while her sister says: 'There's blood everywhere'.
During the 999 recording, the call handler asks who the alleged offender is, prompting Emma to say: 'Ryan Giggs. The footballer Ryan Giggs.'
The astonished call handler then replies: 'The Ryan Giggs?'
It comes after Ms Greville last week denied under cross-examination from Giggs's lawyers that she had 'planned' to get pregnant with his child as their relationship broke down.
The court heard messages shared between Ms Greville and a friend in which he said: 'I am not walking away with nothing'.
Jurors were also told how she had visited hospital to get her contraceptive coil removed, after telling Giggs she was going due to 'cancerous cells' discovered during a smear test.
Giggs's lawyer, Chris Daw QC, said: 'Your plan was to get pregnant by Mr Giggs.' Ms Greville said: 'No, absolutely not.'
Ms Greville (pictured left) previously told the court she had found evidence on an iPad that Giggs had engaged in 'full-on' relationships with eight other women during their six-year on and off relationship, and initially told police at the scene the number was as high as 12. Pictured right: Ms Greville's boss, PR chief Elsa Roodt, gave evidence in court today (Monday)
On Friday - the fifth day of the trial - jurors were played a recording of Emma Greville's 999 call with the police following the alleged assault on her sister.
Emma, asked by the call handler why she is calling, says: 'Assault. He's headbutted her.'
Swearing can then be heard in the background, along with crying and an argument between Giggs and Ms Greville.
Emma then says: 'Can you come quickly?', with the call handler asking: 'Does she need an ambulance?'
In the recording, Emma then says: 'He's just headbutted in her face. 'What? Ryan, I am saying anything I want to f***ing say. You have headbutted my sister. I don't care if your daughter is 17, I don't care about your daughter.'
The call handler then ask: 'What's he called?' prompting Emma to reply: 'Ryan Giggs.' Giggs can then be heard shouting something inaudible in the background. She then responds: 'It will be on the news, because you've just headbutted my sister.'
Giggs is then heard in the background saying: 'She's a psycho. She's a psycho'. After hearing crying in the background, police ask: 'Why is she crying?'
Emma replies, 'She's in pain,' prompting the call handler to say: 'Why?' Emma says: 'Because he's headbutted her.
Later, police ask: 'What's his name? Emma replies: 'Ryan Giggs. The footballer Ryan Giggs.' The call handler then says: 'The Ryan Giggs?' Emma: 'Yes. Can you come quickly please?'
The court also heard from PC Billington, who was one of the officers at the scene.
After watching the video, PC Billington was questioned by prosecutor, Peter Wright QC.
Mr Wright QC said: 'Mr Giggs was then taken to the police vehicles, and escorted to the police station, the court.' Pc Billington: 'That's correct.'
Mr Wright QC continued: 'At the time that you spoke to him, did you form the impression he'd been drinking?'
'I believed he was intoxicated,' the police officer answered.
Asked why he had formed that opinion, PC Billington added: 'His slow response to my questions and his eyes were slightly glazed.'
In cross-examination by defence barrister, Marianne Alton, PC Billington was asked: 'Was he calm throughout?'
PC Billington agreed. The defence did not argue that Mr Giggs had not been drinking, but Ms Alton asked Pc Billington: 'But he wasn't stumbling about?'
'No,' the officer answered. She added: 'He spoke coherently?'
PC Billington replied: 'He responded coherently, yes.'
On Friday, jurors were shown police body-cam footage of Ms Greville speaking to police in the aftermath of the alleged incident.
In the footage, she tells officers: 'I found he had been cheating on me for the last six years with ten or 12 women. Every time I found something it got worse, I found his iPad, kept it all to myself for two weeks'. Ms Greville claims that Giggs had began 'flipping his s**t' and attacking her after she confronted him.
On the first day of his trial this week she told police in a later interview that he had eight other 'full-on relationships that had gone on constantly from 2014'.
The evidence emerged as the former Manchester United star's legal team accused Ms Greville of having 'stopped contraception in a plot to get pregnant by him'.
She denied claims by the footballer's lawyers that she 'planned to get pregnant' as their relationship broke down, the court heard.
On Friday, under cross examination, Ms Greville had admitted to lying to Giggs about having cancerous cells detected in a smear test so she 'would not have to have sex with him'. As their relationship came to an end she also messaged a friend saying: 'I am not walking away with nothing', amid claims she was trying to have his baby.
The messages were sent after the PR executive began to 'plan' leave Giggs, having allegedly found evidence on the footballer's iPad that he had conducted 'full-on' affairs with eight other women during their relationship.
The court was told how in October 2020, having found the messages, Ms Greville messaged a friend saying: 'I need a plan'. Referring to the message, Christopher Daw QC, representing Giggs, 48, asked Ms Greville: 'What were you talking about?'
Ms Greville told the court: 'I needed a plan to get away in secret so he couldn't find me, so he wouldn't harass me. And how to let him know how I had found all those things out.'
Mr Daw said: 'And walking away (with nothing)?' Ms Greville replied: 'I am talking about my dog. One hundred per cent, just the dog.' Mr Daw said: 'Your plan was to get pregnant by Mr Giggs.' Ms Greville said: 'No, absolutely not.'
The court also heard how Ms Greville messaged her friend saying that she was getting her contraceptive coil removed that week. The court heard Ms Greville later did have the coil removed, having told Giggs she was going to hospital after a smear test showed 'cancerous cells'.
Chris Daw said: 'The truth is you were going to have your contraceptive out.'
Ms Greville told the court: 'I was getting my coil out and I also wanted a STD test. I wanted him off my back. I completely regret saying these things but I needed to say something to get him off my back and for him to leave me alone.'
Mr Daw said: 'The true position is there was no medical emergency for the coil to be taken out.' Ms Greville replied: 'There was no medical emergency but it (the coil) was coming to an end and it needed taking out.'
'If I was saying I had cancerous cells then I would not have to have sex with him.'
Mr Daw, refering to text messages between the pair, said: 'I am going to suggest you were having active, regular and very enthusiastic sex with Mr Giggs at this time including when you had this coil removed.' Ms Greville said: 'I disagree.'
It comes as the court heard claims from Ms Greville that Giggs had kicked her in the back 'so hard' that she 'fell off the bed' during a stay at the Stafford Hotel in London in December 2019.
Ms Greville had previously alleged that during the incident she was thrown out of their room by Giggs, who then 'threw a laptop' at her head
The PR executive also previously told Giggs's trial at Manchester Crown Court how the defendant had thrown her naked into a corridor during a separate incident at a hotel Dubai in September 2017.
It comes as Ms Greville was quizzed by Giggs's barrister about her decision to continue her relationship with the ex-footballer, despite her claims of physical and mental abuse.
Mr Daw also questioned her decision to move into the ex-Wales winger's £1.7million mansion at the start of the first Covid lockdown in March 2020.
But a tearful Ms Greville said she was 'ashamed' of the decision to 'keep going back' to Giggs, telling jurors: 'It was a cycle of abuse that he promised the world. He was very convincing, he could be very charming.
'I went back again stupidly and I am ashamed of that, hugely ashamed of that, but I did.'
Mr Daw also took aim at Ms Greville's suggestions that Giggs had interfered in her relationships with her friends in the lead up to the end of their relationship in November 2020 - when Giggs is accused of 'headbutting' her and assaulting her sister Emma.
He said in the months before their break-up, Ms Greville had enjoyed three holidays, to Ibiza, Portugal and Greece - the latter two of which she had flown out with her friends.
But Ms Greville replied: 'He was creating really difficult relationships with these people. There's many more months and weeks that I have a relationship with my friends that can be difficult. That's just a holiday, or a long weekend.'
She also accused of the former Manchester United star of 'flirting' with her friend in 'front of her face' and then asking: 'Does that make you jealous?'.
Mr Daw also addressed claims made by Ms Greville earlier in the trial that she had found evidence on an iPad that the former footballer had engaged in 'full on' relationships with eight other women while with the PR executive.
He suggested that Ms Greville's decision to leave the former footballer was 'nothing to do with coercion, violence or anything like that - it was just to do with his cheating.' Ms Greville said it was also about his 'coercion and control and manipulating.'
Ryan Giggs mother Lynne at Manchester Minshull Street Crown Court to support her son on Thursday - day four of the trial
Giggs (left), 48, is accused of using controlling and coercive behaviour against Kate Greville (right), 38, between August 2017 and November 2020. The pair are pictured here on holiday in 2018
Ryan Giggs at Manchester Crown Court on Tuesday, watching ex-girlfriend Kate Greville giving evidence on police video played to the jury after he is alleged to have headbutted her
Ms Greville has told the court she returned to the UK from the Middle East thinking she would be in a relationship with Giggs, but he instead became more distant
Last week the court heard accusations from Ms Greville that Giggs was having 'full-on' affairs with eight other women during their 'toxic' six-year on-off relationship.
The PR executive made the discovery after accessing the football star's iPad having 'made it my mission to find out the truth' about his other lovers, she told police.
She said how, during what she called a 'cycle of abuse', Giggs 'dragged' her out of the bedroom of a five-star hotel – leaving her naked in the corridor – after she accused him of 'manically' flirting with other women during a night out.
He then threw a bag containing her laptop at her head, giving her a 'massive lump', Manchester Crown Court heard.
When she attempted to leave him over his alleged flings and 'controlling' behaviour, Giggs would 'bombard' her with up to 50 messages an hour and threatened to ruin her career, she claimed.
Eventually she got into his iPad as she 'needed to know the truth' – and the 'reality' of his cheating was 'way worse than I could imagine', she said.
Giggs stood down in June as manager of the Wales national team following his arrest.
The court heard that Ms Greville was employed by PR firm Tangerine for part of the alleged period of controlling behaviour and also by Giggs' own company, GG Hospitality.
Giggs' legal counsel, Chris Daw QC, said his client encouraged her career ambitions and went on to introduce most of her clients when she set up her business herself and earned a six-figure salary.
He said Ms Greville was 'always completely financially independent' and was free to travel and see her friends.
Giggs stood down in June as manager of the Wales national team following a period of leave since November 2020.
During his time at Old Trafford, Manchester United won 13 Premier League titles, two Champions League trophies, four FA Cups and three League Cups.
He won 64 caps for Wales and is co-owner of League Two side Salford City.
Giggs met Ms Greville in 2013 after she helped promote his Hotel Football venue, launched with ex-United teammate Gary Neville.
He divorced his wife Stacey in December 2017. Giggs found love again with lingerie model, Zara Charles, 33, who has 'supported' him through the charges.
The trial continues. | https://www.dailymail.co.uk/news/article-11112733/Ryan-Giggs-Kate-Greville-argument-months-alleged-assault-court-hears.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-15T11:46:46Z | https://www.dailymail.co.uk/news/article-11112733/Ryan-Giggs-Kate-Greville-argument-months-alleged-assault-court-hears.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
WFO BROWNSVILLE Warnings, Watches and Advisories for Monday, August 15, 2022
_____
AREAL FLOOD ADVISORY
Flood Advisory
National Weather Service Brownsville TX
522 AM CDT Mon Aug 15 2022
...FLOOD ADVISORY IS CANCELLED...
The Flood Advisory is cancelled for a portion of Deep South Texas,
including the following counties, Hidalgo and Willacy.
The heavy rain has ended. Flooding is no longer expected to pose a
threat. Please continue to heed remaining road closures.
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Copyright 2022 AccuWeather | https://www.stamfordadvocate.com/weather/article/TX-WFO-BROWNSVILLE-Warnings-Watches-and-17373756.php | 2022-08-15T11:48:34Z | https://www.stamfordadvocate.com/weather/article/TX-WFO-BROWNSVILLE-Warnings-Watches-and-17373756.php | false |
WFO CORPUS CHRISTI Warnings, Watches and Advisories for Monday, August 15, 2022
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FLASH FLOOD WARNING
The National Weather Service in Corpus Christi has issued a
* Flash Flood Warning for...
Northwestern Jim Wells County in south central Texas...
Northwestern Kleberg County in south central Texas...
West Central Nueces County in south central Texas...
* Until 800 AM CDT.
* At 559 AM CDT, Doppler radar indicated thunderstorms producing
heavy rain across the warned area. Between 1 and 2 inches of rain
have fallen. Additional rainfall amounts of 1 to 3 inches are
possible in the warned area. Flash flooding is ongoing or expected
to begin shortly.
HAZARD...Flash flooding caused by thunderstorms.
SOURCE...Radar.
IMPACT...Flash flooding of small creeks and streams, urban
areas, highways, streets and underpasses as well as
other poor drainage and low-lying areas.
* Some locations that will experience flash flooding include...
Alice, Alice Acres, Ben Bolt, Tecalote and Lake Alice.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
Keep children away from storm drains, culverts, creeks and streams.
Water levels can rise rapidly and sweep children away.
Be aware of your surroundings and do not drive on flooded roads.
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Copyright 2022 AccuWeather | https://www.ncadvertiser.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17373794.php | 2022-08-15T11:49:05Z | https://www.ncadvertiser.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17373794.php | true |
Fund VI Closes with $4.3 Billion and Surpasses $3.0 Billion Target
Inaugural Growth Fund Closes at its Hard Cap with $1.1 Billion and Surpasses $750 Million Target
NEW YORK, Aug. 15, 2022 /PRNewswire/ -- Arsenal Capital Partners ("Arsenal"), a leading private equity firm that specializes in investments in industrial growth and healthcare companies, announced today that it has completed fundraising for two new funds, totaling $5.4 billion in capital commitments.
Arsenal Capital Partners VI LP (together with its parallel funds, "Fund VI") closed with $4.3 billion in capital commitments, well exceeding its $3.0 billion target of limited partner commitments and well above the size of its $2.4 billion predecessor fund. In addition, Arsenal Capital Partners Growth LP (together with its parallel funds, the "Growth Fund") closed with $1.1 billion in capital commitments at its hard cap and exceeded its $750 million target of limited partner commitments.
"We are extremely grateful for the support from and relationships with our long-time investors," said Terry Mullen, Managing Partner of Arsenal. "We achieved a gratifying, high re-up rate from our existing institutional investors, who on average increased their commitments by 59% from the previous fund, and we are delighted to have attracted an exceptional group of new investors that will further bolster our market-leading institution."
Over its 22-year history, Arsenal has built a leading private equity institution with two market-leading franchises in the industrials and healthcare sectors. Within its two focus sectors, Arsenal aims to create highly valuable, technology- and innovation-rich, growth companies that are strategically important to their markets. Arsenal's team of more than 85 professionals and 55 senior advisors combines specialized investment, industry, and operating expertise into one integrated and balanced team to provide differentiated strategic insights, combine diverse perspectives, and leverage expert capabilities.
"The success of these fundraises reflects the strength of our market-leading franchises and our track record of building strategically valuable businesses. We and our investors see exciting opportunities to invest in technology- and innovation-rich companies in the industrial and healthcare sectors," commented Jeff Kovach, Managing Partner of Arsenal. "Moreover, investors have acknowledged the depth of our domain and technical expertise that provides Arsenal the access, relevance, and credibility to compete and win in our target markets."
Fund VI will focus on investments in industrials and healthcare businesses with proven technologies and solutions positioned to deliver high performance and value-add to their customers. The Growth Fund will execute a similar strategy in the same markets but pursue investments in next generation, emerging technology businesses poised to apply innovation to generate very high growth. In both of these funds, Arsenal will apply its high-impact company building capabilities to help businesses achieve significant organic growth and facilitate strategic acquisitions to extend their offerings and to solidify leadership positions in their respective markets.
Patricia Grad, Partner and Head of Investor Relations of Arsenal, added, "We are grateful for this global group of institutions and individuals who have supported our firm and greatly appreciate the collaborative dialogue that we had with them as we crafted these investment opportunities, particularly our debut Growth Fund. We look forward to deepening and strengthening our partnerships with our investors for years to come."
Fund VI and the Growth Fund's investor base is comprised of leading public and corporate pension plans, family offices, endowments and foundations, and financial institutions, including The University of California's Office of the Chief Investment Officer (UC Investments), California State Teachers' Retirement System, California Public Employees' Retirement Systems, affiliates of APG Asset Management, The Oregon Public Employees Retirement Fund, affiliates of IIP A/S, and Minnesota State Investment Board.
Kirkland & Ellis LLP served as legal counsel for Arsenal, Fund VI, and the Growth Fund.
About Arsenal Capital Partners
Arsenal Capital Partners is a leading private equity firm that specializes in investments in industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds totaling over $10 billion, completed more than 250 platform and add-on acquisitions, and achieved more than 30 realizations. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. For additional information, please visit www.arsenalcapital.com.
Contact:
Jackie Schofield at Prosek Partners
Pro-Arsenal@prosek.com
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SOURCE Arsenal Capital Partners | https://www.1011now.com/prnewswire/2022/08/15/arsenal-capital-partners-announces-final-closes-two-new-funds-totaling-54-billion/ | 2022-08-15T11:49:08Z | https://www.1011now.com/prnewswire/2022/08/15/arsenal-capital-partners-announces-final-closes-two-new-funds-totaling-54-billion/ | true |
VANCOUVER, BC, Aug. 15, 2022 /PRNewswire/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to provide an update regarding its offer ("Beattie Offer") to acquire all of the issued and outstanding common shares of Beattie Gold Mines Ltd. ("Beattie Gold") as previously announced on July 18, 2022.
Prior to making the Beattie Offer, First Mining had received signed, irrevocable lock-up agreements from shareholders of Beattie Gold holding, in aggregate, 1,358,652 common shares of Beattie Gold (the "Lock Up Shares") representing 72.3% of the outstanding common shares of Beattie Gold (excluding common shares of Beattie Gold already owned by First Mining or its wholly-owned subsidiary, Clifton Star Resources Inc. ("Clifton Star")). All Lock Up Shares have now been tendered and deposited, and together with the common shares of Beattie Gold already owned by First Mining, both directly and indirectly through Clifton Star, First Mining will own 97.6% of the outstanding common shares of Beattie Gold upon acquiring the Lock Up Shares.
The condition in the Beattie Offer that there be deposited under the offer, and not withdrawn, at least 464,643 of the outstanding common shares of Beattie Gold has now been satisfied. In addition, First Mining has also entered into binding share purchase agreements to acquire the issued and outstanding common shares of 2699681 Canada Ltd. ("269 Canada") and 2588111 Manitoba Ltd. (together, the Concurrent Transactions"). As a result, the remaining condition of the Beattie Offer relating to the completion of the acquisition of the outstanding common shares of 269 Canada will be satisfied when the Beattie Offer and the Concurrent Transactions close, which is expected to be September 15, 2022 (the "Closing Date").
First Mining expects the remaining 2.4% of the outstanding common shares of Beattie Gold to be tendered and deposited by September 9, 2022, and accordingly, First Mining expects that it will own 100% of the outstanding common shares of Beattie Gold, in addition to 100% of the outstanding common shares of 269 and 258811 Manitoba Ltd., following completion of the Beattie Offer and the Concurrent Transactions on the Closing Date.
First Mining is a gold developer advancing a portfolio of gold projects in Canada, with our most advanced project being the Springpole Gold Project in northwestern Ontario, which is one of the largest undeveloped gold projects in Canada, and where we have commenced a Feasibility Study and permitting activities are on-going with a draft Environmental Impact Statement ("EIS") for the project submitted in June 2022. First Mining also owns the Cameron, Duparquet, Duquesne and Pitt gold projects, all advanced-stage gold projects in Ontario (in the case of Cameron) and Québec. Our portfolio of gold project interests also includes the Pickle Crow gold project (being advanced in partnership with Auteco Minerals Ltd.), the Hope Brook gold project (being advanced in partnership with Big Ridge Gold Corp.), an equity interest in Treasury Metals Inc., and a portfolio of 21 gold royalties.
First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel W. Wilton
Chief Executive Officer and Director
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.
Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the closing date of the Beattie Offer and the Concurrent Transactions; (ii) the remaining 2.4% of the outstanding common shares of Beattie Gold being tendered and deposited by September 9, 2022, and the Company's ownership of 100% of the outstanding common shares of Beattie Gold following completion of the Beattie Offer; (iii) the Company's plans with respect to advancing its portfolio of gold projects; and (iv) Feasibility and permitting activities related to the Springpole Project.. All forward-looking statements are based on First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, such as COVID-19, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, such as COVID-19, that may result in a slowdown or temporary suspension of operations at some or all of the Company's mineral properties as well as its head office; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2021 filed with the Canadian securities regulatory authorities under the Company's SEDAR profile at www.sedar.com, and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR.
First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.
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TAIPEI, Taiwan (AP) — A delegation of American lawmakers arrived in Taiwan on Sunday, just 12 days after a visit by U.S. House Speaker Nancy Pelosi that prompted China to launch days of threatening military drills around the self-governing island that Beijing says must come under its control.
The five-member delegation, led by Democratic Sen. Ed Markey of Massachusetts, will meet President Tsai Ing-wen and other officials, as well as members of the private sector, to discuss shared interests including reducing tensions in the Taiwan Strait and investments in semiconductors.
China responded to Pelosi’s Aug. 2 visit by sending missiles, warships and warplanes into the seas and skies around Taiwan for several days afterward. The Chinese government objects to Taiwan having any official contact with foreign governments, particularly with a high-ranking congressional leader like Pelosi.
A Taiwanese broadcaster showed video of a U.S. government plane landing about 7 p.m. Sunday at Songshan Airport in Taipei, the Taiwanese capital. Four members of the delegation were on the plane.
Markey met with South Korean President Yoon Suk Yeol earlier Sunday in South Korea before arriving in Taiwan on a separate flight at Taoyuan International Airport, which also serves Taipei. Markey, who chairs the Senate Foreign Relations East Asia, Pacific, and International Cybersecurity Subcommittee, and members of the delegation will reaffirm the United States’ support for Taiwan.
The other members of the delegation are Republican Rep. Aumua Amata Coleman Radewagen, a delegate from American Samoa, and Democratic House members John Garamendi and Alan Lowenthal from California and Don Beyer from Virginia.
Chinese warplanes have continued crossing the midpoint of the Taiwan Strait on a daily basis even after the conclusion of the military exercises last Wednesday, with at least 10 doing so on Sunday, Taiwan’s Defense Ministry said.
The 10 fighter jets were among 22 Chinese military aircraft and six naval ships detected in the area around Taiwan by 5 p.m. on Sunday, the ministry said on its Twitter account.
A senior White House official on Asia policy said late last week that China had used Pelosi’s visit as a pretext to launch an intensified pressure campaign against Taiwan, jeopardizing peace and stability across the Taiwan Strait and in the broader region.
“China has overreacted, and its actions continue to be provocative, destabilizing, and unprecedented,” Kurt Campbell, a deputy assistant to President Joe Biden, said on a call with reporters.
“It has sought to disregard the centerline between the P.R.C. and Taiwan, which has been respected by both sides for more than 60 years as a stabilizing feature,” he said, using the acronym for the country’s full name, the People’s Republic of China.
China accuses the U.S. of encouraging independence forces in Taiwan through its sale of military equipment to the island and engaging with its officials. The U.S. says it does not support independence for Taiwan but that its differences with China should be resolved by peaceful means.
China’s ruling Communist Party has long said that it favors Taiwan joining China peacefully but that it will not rule out force if necessary. The two split in 1949 during a civil war in which the Communists took control of China and the losing Nationalists retreated to the island of Taiwan.
Campbell, speaking on Friday, said the U.S. would send warships and planes through the Taiwan Strait in the next few weeks and is developing a roadmap for trade talks with Taiwan that he said the U.S. intends to announce in the coming days.
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Moritsugu reported from Beijing. | https://www.wearegreenbay.com/news/ap-top-headlines/us-lawmakers-visiting-taiwan-12-days-after-pelosi-visit/ | 2022-08-15T11:52:24Z | https://www.wearegreenbay.com/news/ap-top-headlines/us-lawmakers-visiting-taiwan-12-days-after-pelosi-visit/ | false |
STATEN ISLAND, N.Y., Aug. 15, 2022 /PRNewswire/ -- Acurx Pharmaceuticals, Inc. (NASDAQ: ACXP) ("Acurx" or the "Company"), a clinical stage biopharmaceutical company developing a new class of antibiotics for difficult-to-treat bacterial infections, announced today certain financial and operational results for the quarter ended June 30, 2022.
Highlights of, and certain events subsequent to, the second quarter of 2022 include:
- Enrollment continues in the Company's ongoing Phase 2b clinical trial of patients with C. difficile Infection (CDI);
- Due to slower than expected enrollment, the Company has added several clinical trial sites and anticipates up to 30 clinical trial sites will participate in the Phase 2b clinical trial;
- The Company has continued its R&D collaboration with Leiden University Medical Center (Holland) to further evaluate the mechanism-of-action of Acurx's inhibitors against the DNA pol IIIC enzyme, which is the bacterial target of our antibiotic product pipeline for the systemic treatment (IV and oral) of other gram-positive bacterial infections.
- The Company has now completed certain portions of its laboratory study at the University of Houston comparing the killing effect of ibezapolstat to vancomycin, fidaxomicin and metronidazole using both in vitro and ex vivo analyses. Certain results were presented at Anaerobe 2022, the Anaerobe Society of America annual scientific conference and results demonstrated that ibezapolstat has favorable killing kinetics compared to vancomycin to treat C. difficile infection at standard and high bacterial concentrations, supporting continued development of a potential first-in-class antibiotic to treat C. difficile Infection.
- The Antimicrobial Resistance Conference (September 7-8, 2022);
- ID Week (October 19-23, 2022); and
- C. Diff Foundation Conference (November 3-4, 2022).
Second Quarter 2022 Financial Results
The Company ended the second quarter on June 30, 2022, with cash totaling $9.1 million compared to $13.1 million as of December 31, 2021.
Research and development expenses for the three months ended June 30, 2022 were $0.9 million compared to $0.1 million for the three months ended June 30, 2021. The increase is due to Phase 2b trial related costs and an increase in consulting costs primarily related thereto. For the six months ended June 30, 2022, research and development expenses were $1.7 million versus $0.2 million for the six months ended June 30, 2021. The increase is due primarily to Phase 2b trial related costs and an increase in consulting costs related thereto.
General and administrative expenses for the three months ended June 30, 2022 were $1.7 million compared to $3.9 million for the three months ended June 30, 2021. The decrease was primarily due to a decrease in professional fees and share-based compensation related to the Company's initial public offering consummated in June 2021. For the six months ended June 30, 2022, general and administrative expenses were $3.6 million versus $5.4 million for the six months ended June 30, 2021. The decrease is primarily attributable to a decrease in professional fees and stock-based compensation primarily related to the Company's initial public offering, partially offset by an increase in legal and insurance costs.
The Company reported a net loss of $2.6 million or $0.26 per diluted share for the three months ended June 30, 2022 compared to a net loss of $4.0 million or $0.57 per diluted share for the three months ended June 30, 2021, and a net loss of $5.3 million or $0.52 per share for the six months ended June 30, 2022, compared to a net loss of $5.5 million or $0.79 per diluted share for the six months ended June 30, 2021 for the reasons previously mentioned.
The Company had 10,263,202 shares outstanding as of June 30, 2022.
Conference Call
As previously announced, David P. Luci, President and Chief Executive Officer, and Robert G. Shawah, Chief Financial Officer, will host a conference call to discuss the results and provide a business update as follows:
About Ibezapolstat
Ibezapolstat is a novel, orally administered antibiotic being developed as a Gram-Positive Selective Spectrum (GPSS™) antibacterial. It is the first of a new class of DNA polymerase IIIC inhibitors under development by Acurx to treat bacterial infections. Ibezapolstat's unique spectrum of activity, which includes C. difficile but spares other Firmicutes and the important Actinobacteria phyla, appears to contribute to the maintenance of a healthy gut microbiome.
The Company successfully completed Phase 1 and Phase 2a clinical trials of ibezapolstat. The Phase 2a trial demonstrated 100% clinical cure and 100% sustained clinical cure in patients with C. difficile Infection (CDI), along with beneficial microbiome changes during treatment including overgrowth of Actinobacteria and Firmicutes phylum species while on therapy and new findings which demonstrate potentially beneficial effects on bile acid metabolism. Acurx is currently enrolling patients in its Phase 2b 64-patient, randomized (1-to-1), non-inferiority, double-blind trial of oral ibezapolstat compared to oral vancomycin, a standard of care to treat CDI.
In June 2018, ibezapolstat was designated by the U.S. Food and Drug Administration (FDA) as a Qualified Infectious Disease Product (QIDP) for the treatment of patients with CDI and will be eligible to benefit from the incentives for the development of new antibiotics established under the Generating New Antibiotic Incentives Now (GAIN) Act. In January 2019, FDA granted "Fast Track" designation to ibezapolstat for the treatment of patients with CDI. The CDC has designated C. difficile as an urgent threat highlighting the need for new antibiotics to treat CDI.
About Acurx Pharmaceuticals, Inc.
Acurx Pharmaceuticals is a clinical stage biopharmaceutical company focused on developing new antibiotics for difficult to treat infections. The Company's approach is to develop antibiotic candidates that target the DNA polymerase IIIC enzyme and its R&D pipeline includes antibiotic product candidates that target Gram-positive bacteria, including Clostridioides difficile, methicillin-resistant Staphylococcus aureus (MRSA), vancomycin resistant Enterococcus (VRE) and drug-resistant Streptococcus pneumoniae (DRSP).
To learn more about Acurx Pharmaceuticals and its product pipeline, please visit www.acurxpharma.com.
Forward-Looking Statements
Any statements in this press release about our future expectations, plans and prospects, including statements regarding our strategy, future operations, prospects, plans and objectives, and other statements containing the words "believes," "anticipates," "plans," "expects," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: whether ibezapolstat will benefit from the QIDP designation; whether ibezapolstat will advance through the clinical trial process on a timely basis; whether the results of the clinical trials of ibezapolstat will warrant the submission of applications for marketing approval, and if so, whether ibezapolstat will receive approval from the FDA or equivalent foreign regulatory agencies where approval is sought; whether, if ibezapolstat obtains approval, it will be successfully distributed and marketed; and other risks and uncertainties described in the Company's annual report filed with the Securities and Exchange Commission on Form 10-K for the year ended December 31, 2021, and in the Company's subsequent filings with the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this press release, and Acurx disclaims any intent or obligation to update these forward-looking statements to reflect events or circumstances after the date of such statements, except as may be required by law.
Investor Contact:
Acurx Pharmaceuticals, Inc.
David P. Luci, President & CEO
Tel: 917-533-1469
Email: davidluci@acurxpharma.com
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SOURCE Acurx Pharmaceuticals, Inc. | https://www.wafb.com/prnewswire/2022/08/15/acurx-pharmaceuticals-inc-reports-second-quarter-2022-results-provides-business-update/ | 2022-08-15T11:57:03Z | https://www.wafb.com/prnewswire/2022/08/15/acurx-pharmaceuticals-inc-reports-second-quarter-2022-results-provides-business-update/ | false |
WASHINGTON (AP) — Americans are less concerned now about how climate change might impact them personally — and about how their personal choices affect the climate — than they were three years ago, a new poll shows, even as a wide majority still believe climate change is happening.
The June Associated Press-NORC Center for Public Affairs Research poll, which was conducted before Congress passed the Inflation Reduction Act on Friday, shows majorities of U.S. adults think the government and corporations have a significant responsibility to address climate change. The new law will invest nearly $375 billion in climate strategies over the next decade.
Overall, 35% of U.S. adults say they are “extremely” or “very” concerned about the impact of climate change on them personally, down from 44% in August 2019. Another third say they are somewhat concerned. Only about half say their actions have an effect on climate change, compared with two-thirds in 2019.
Black and Hispanic Americans, women and Democrats are especially likely to be strongly concerned about the impact of climate change on them personally and about how their personal choices affect the climate.
Many climate scientists told The Associated Press that the shifts are concerning but not surprising given that individuals are feeling overwhelmed by a range of issues, now including an economy plagued by inflation after more than two years of a pandemic. In addition to being outpaced by other issues, climate change or the environment are mentioned as priorities by fewer Americans now than just a few years ago, according to the poll.
Diane Panicucci in West Warwick, Rhode Island, believes climate change is happening and that it needs to be addressed. But for her, it’s a lower priority compared with other issues, including inflation and food and drug costs.
“There’s so much unrest in this country right now,” the 62-year-old said. “People are suffering.”
Panicucci added solar panels to her house, and she’s cut back on driving. She thinks individuals should do what they’re told will help, but “it doesn’t start with little ol’ me. It has to be larger scale,” she said.
While the climate crisis will require an “all of the above approach,” it’s “reasonable” that individuals don’t feel they have the bandwidth to tackle climate action “on top of everything else,” said Kim Cobb, director of the Institute at Brown University for Environment and Society.
Roughly two-thirds of Americans say the U.S. federal government, developed countries abroad and corporations and industries have a large responsibility to address climate change. Fewer — 45% — say that of individual people.
Jack Hermanson, a 23-year-old software engineer, feels strongly that corporations are the “major culprits” of emissions and that the government is complicit in that behavior.
“I don’t know if that makes sense to say that individuals should have to work and fix the climate,” the Denver resident said. “I would say my individual actions hardly mean anything at all.”
U.S. household greenhouse gas emissions are not as much as those from cars, trucks and other transportation, electrical power generating and industry. A 2020 University of Michigan study of 93 million U.S. homes estimates that 20% of U.S. greenhouse gas emissions comes from home energy use, with wealthier Americans’ per capita footprints about 25% higher than low-income residents.
But like many others that spoke to the AP, that difference hasn’t stopped Hermanson from trying. He’s been a vegetarian for four years, and he tries to bike or take public transportation, buy products with less packaging and recycle.
Among Americans who believe in climate change, 70% say it will be necessary for individuals to make major lifestyle changes to combat the issue. Most think individuals have at least some responsibility.
Individuals can believe they personally don’t have a direct impact while also recognizing that collective action is essential to combatting climate change, said Shahzeen Attari, who studies human behavior and climate change at Indiana University.
The poll shows about 6 in 10 Americans say they have reduced their driving, reduced their use of heat or air conditioning and bought used products instead of new ones. Nearly three-quarters are using energy efficient appliances. Among those who are taking those steps, most say the main reason is to save money, rather than to help the environment.
Fewer — roughly a quarter — say they use an electricity supplier that gets power from renewable sources, and only about 1 in 10 live in a home with solar panels or drive a hybrid or electric car.
Brad Machincia, a 38-year-old welder, said he wouldn’t switch from his gas car to an electric vehicle. While he said he grew up in a West Virginia household that used renewable energy sources, he hasn’t adopted those practices for his family in Christiansburg, Virginia. Climate change used to be a concern for him, but at this point, he feels like it’s “beating a dead horse.”
“There’s nothing we can do to fix it,” he said.
Individuals should feel empowered to make climate-driven decisions that not only help reduce emissions but also improve their lives, said Jonathan Foley, executive director at climate nonprofit Project Drawdown. Foley thinks the findings show that efforts to engage Americans need to shift away from doomsday scenarios, include diverse messengers and focus on the ways climate solutions can intersect with Americans’ other priorities.
Julio Carmona, a 37-year-old financial clerk, said he recently transitioned his home in Bridgeport, Connecticut, to solar energy because the switch will help reduce his carbon footprint and his expenses, even if modestly.
“I thought that it was just something smart for us to do long term,” he said. “I just kind of wanted to do my part, whether or not it’s gonna make a difference.”
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AP Science Writer Seth Borenstein in Washington contributed to this report.
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The poll of 1,053 adults was conducted June 23-27 using a sample drawn from NORC’s probability-based AmeriSpeak Panel, which is designed to be representative of the U.S. population. The margin of sampling error for all respondents is plus or minus 4 percentage points.
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Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content. | https://www.wearegreenbay.com/top-stories/ap-norc-poll-many-in-us-doubt-their-own-impact-on-climate/ | 2022-08-15T11:57:21Z | https://www.wearegreenbay.com/top-stories/ap-norc-poll-many-in-us-doubt-their-own-impact-on-climate/ | false |
ATLANTA (AP) — In the state investigation spurred by then-President Donald Trump’s call to Georgia’s top election official, people who have been called to testify — or who might be — about potential interference in the 2020 presidential contest are turning to high-profile lawyers.
Trump has hired Drew Findling, one of Atlanta’s most prominent criminal defense attorneys who is perhaps best known for representing rap stars. U.S. Sen. Lindsey Graham, R-S.C., has brought on Trump’s former White House counsel Don McGahn, who was in federal court in Atlanta last week as part of a legal team fighting a subpoena for Graham.
No one has been charged with a crime in the investigation and both Trump and Graham have denied any wrongdoing, but the moves come at a particularly precarious legal moment for Trump.
FBI agents conducted an unprecedented search of his Florida estate on Monday in an unrelated investigation into whether Trump removed sensitive information from the White House. He also invoked his Fifth Amendment protection against self-incrimination on Wednesday as he testified under oath in the New York attorney general’s long-running civil investigation into his business dealings.
But the attorney hires in Atlanta suggest Trump and his allies are paying especially close attention to the investigation led by Fulton County District Attorney Fani Willis.
“You’re not going to go and hire an expensive lawyer unless either you want to send a message that, ‘You guys better come correct or my fancy lawyer will blow you out of the water,’ or you actually are worried,” said Caren Morrison, a Georgia State University law professor and former federal prosecutor.
Legal experts nonetheless warn that the hires alone don’t suggest that someone is the subject or target of an investigation.
“I don’t think that’s any indication that anybody’s about to be charged or these folks necessarily are concerned that they’re going to jail. It’s just what a smart person would do,” said Page Pate, an Atlanta defense lawyer who is not involved in the case.
Willis began the investigation early last year. A special grand jury with subpoena power was seated in May at her request and began hearing from witnesses in June. Though the panel’s proceedings are secret, related public court filings have given some insight into where the investigation might be headed.
Willis last month filed paperwork seeking to compel testimony from seven Trump advisers and associates, including Graham and former New York City mayor and Trump attorney Rudy Giuliani. Graham is awaiting a federal judge’s ruling on his challenge to his subpoena, while Giuliani has been instructed to appear before the special grand jury on Wednesday.
Willis has confirmed since the beginning that she’s interested in the Jan. 2, 2021, phone call between Trump and Raffensperger, which came four days before the congressional certification of Democrat Joe Biden’s White House victory that was interrupted by the riot at the U.S. Capitol. During that conversation, Trump suggested the secretary of state could “find” the votes needed to overturn his narrow loss in the state.
Recent court filings have made clear that Willis is also interested in other calls made by Trump and his associates to officials in Georgia, false statements about the election made during Georgia legislative committee hearings and the submission of a fake slate of Republican electors to Congress and the National Archives. In several filings, she specifically alleged that there was “a multi-state, coordinated plan by the Trump Campaign to influence the results of the November 2020 election in Georgia and elsewhere.”
Willis has said that she is considering subpoenaing Trump, a step that would surely kick off a legal battle.
Trump has hired Findling and former prosecutor Jennifer Little, with attorney Dwight Thomas serving as a consultant on matters related to special grand jury proceedings.
A lot has been made of past social media postings by Findling that suggest he’s no fan of the former president, whom he called “racist” and “pathetic” in one August 2018 tweet.
Andrew Fleischman, an appellate attorney in Atlanta who’s not connected to the case, said being a defense attorney “doesn’t necessarily mean believing your client is innocent or likeable, but it does mean taking a close look at the law and making sure the state has checked all the boxes.”
“We defend the process,” Fleischman said. “And if they’re convicting the president, you want the process to be damn near perfect.”
Findling is a well-respected and media savvy lawyer. That second point is crucial when there’s so much attention on a case and can present challenges with a client like Trump who’s so accustomed to speaking for himself without a filter, Pate said.
“You want to respect the fact that (the client) needs in many cases to make statements to the media, but at the same time, you don’t want to jeopardize your case,” he said.
Perhaps the most important reason to have a lawyer at this stage of the investigation is to have a channel of communication with prosecutors, Pate said.
“They have a way of getting you to make admissions about something you think may be completely harmless which actually fills a piece of their case,” he said of prosecutors. “So you don’t want to be on a call or a meeting with the government yourself when your statements can be used against you.”
A lawyer can also negotiate dates for an eventual appearance if a subpoena is issued and review any documents that may be requested before they’re handed over. And a lawyer can reach out to other witnesses who have appeared before the special grand jury to see if they’re willing to talk about what was asked.
Steven Frey has worked with Findling on several cases, including the successful defense of a sheriff who was facing 27 felony charges in an indictment that accused him of using his office for personal gain. He called Findling “one of the finest lawyers I’ve ever dealt with.”
McGahn also garners high praise. When he left that post in 2018, then-Senate Majority Leader Mitch McConnell said, “I’ve known every White House Counsel since I arrived in Washington. Even in such impressive company, Don is a cut above.” | https://www.cenlanow.com/politics/ap-politics/top-lawyers-hired-by-those-linked-to-georgia-election-probe/ | 2022-08-15T11:58:24Z | https://www.cenlanow.com/politics/ap-politics/top-lawyers-hired-by-those-linked-to-georgia-election-probe/ | false |
Married At First Sight EXCLUSIVE: Influencer Tahnee Cook is unveiled as the latest bride to join the 2023 cast - and she's set to give Domenica Calarco a run for her money
- Do you recognise any of the brides? Email ali.daher@mailonline.com
The tenth season of Married At First Sight is currently being filmed.
And now, Daily Mail Australia can reveal that bona fide influencer Tahnee Cook is set to walk down the aisle on the upcoming Channel Nine series.
Sydney-based Tahnee, 27, already boasts a whopping 45,100 followers across her social media channels.
Looking for love: Daily Mail Australia can reveal that bona fide influencer Tahnee Cook (pictured) is set to walk down the aisle on the upcoming season of Married At First Sight
Tahnee's Instagram and social media accounts are now private - which is a requirement for all participants.
Speaking to Daily Mail Australia, a friend said they weren't shocked to see her join the cast.
'I'm not surprised to see her join MAFS. I went to school with her and she has been trying to become an influencer for a while. She also has her own podcast,' they said.
Sydney-based Tahnee, 27, already boasts a whopping 45,100 followers across her social media channels, which have now been switched to private
'She used to be a massive One Direction fan. She's funny,' they added.
'I can't wait to watch her on tele, she will definitely give Domenica Calarco a run for her money.'
Tahnee has already shot sponsored campaigns for Bondi Sands, Sally Hanson Australia, Showpo, Mermade Hair and Rimmel London Australia.
Speaking to Daily Mail Australia, a friend said they weren't surprised to see her join the cast. Tahnee pictured left chatting to another bride during the hens' night
Tahnee was all glammed up for the evening, wearing a sparkling pink mini dress with matching gloves
Tahnee has already shot sponsored campaigns for Bondi Sands, Sally Hanson Australia, Showpo, Mermade Hair and Rimmel London Australia
It comes after Daily Mail Australia revealed Sydney baker Alyssa Barmonde would be joining Brisbane-based beautician Melinda Willis in the quest to find love on the series.
Married At First Sight's upcoming tenth season will feature some of the show's hottest cast members to date.
The new season of MAFS will see the return of Puerto Rican sexologist Alessandra Rampolla, as well as veteran relationship experts John Aiken and Mel Schilling.
The new season of Married At First Sight returns to Channel Nine in early 2023
It comes after Daily Mail Australia revealed Sydney baker Alyssa Barmonde (left) would be joining Brisbane-based beautician Melinda Willis (right) in the quest to find love on the series
The hens' party was filmed at a $15million estate in Sydney's Centennial Park called The Crossways. Pictured | https://www.dailymail.co.uk/tvshowbiz/article-11112599/MAFS-2023-Tahnee-Cook.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-15T12:00:00Z | https://www.dailymail.co.uk/tvshowbiz/article-11112599/MAFS-2023-Tahnee-Cook.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
Named a 'sample vendor' for Pharma PLM technology along with Oracle, SAP, Siemens, Infor and Dassault Systemes
NEW HAVEN, Conn., Aug. 15, 2022 /PRNewswire/ -- Neo PLM, a leading provider of software solutions for managing pharmaceutical product knowledge and manufacturing, has been named a "sample vendor" in the 2022 Gartner® Hype Cycle™ for Life Sciences Manufacturing, Quality and Supply Chain report.
Neo PLM was mentioned in the Hype Cycle's analysis of the pharmaceutical product life-cycle management space, also known as Pharma PLM. Neo PLM joins Oracle, SAP, Siemens, Infor and Dassault Systemes in being named a sample vendor in this category. It is the fifth consecutive year Neo PLM has been in Gartner's Hype Cycle analysis of Pharma PLM.
"To receive this recognition from Gartner in today's pharmaceutical climate is particularly gratifying," said Cathal Strain, president and founder of Neo PLM. "Digital transformation is becoming increasingly urgent for pharma and biotech manufacturers, and Neo is proud to be at the forefront in providing the technology to power that evolution."
Gartner noted in the Hype Cycle report that uncertainties like COVID-19, war in Ukraine, supply-chain issues, rising inflation and movements toward deglobalization have "reinforced the need for CIOs to work closely with quality, operations and supply-chain leaders to sustain flexible production capabilities and to build in extra resiliency."
Gartner also stated that "today, many pharmaceutical clients use PLM in a very narrow fashion, as they are over-relying on heavily customized ERP environments that are not geared for handling life cycles, like PLM. Shifting capabilities to PLM represents an opportunity to standardize life cycle processes."
For Strain, an industry veteran who started his career pioneering IT solutions at Pfizer, the key to that shift is technology that integrates digital process design with production data analytics, creating a shorter bridge from R&D to commercial scale-up and production.
"The key to bringing high-quality medicines to market faster is to streamline, accelerate and optimize core business processes such as tech transfer and batch analysis," said Strain. "The encouraging thing is we can now help companies address this no matter where they sit on the digitization spectrum. The more that modernization can be implemented across the industry as a whole, the better it can respond to new worldwide challenges when it comes to the development and distribution of medicines."
Gartner clients can access the 2022 Hype Cycle for Life Science Manufacturing, Quality and Supply Chain here: Hype Cycle for Life Science Manufacturing, Quality and Supply Chain, 2022
Neo PLM provides pharmaceutical and biotech manufacturers with a patented digital platform for managing product knowledge and manufacturing processes from late-stage R&D through commercial scale-up and production. As the first software to integrate digital process design with production data analytics, the Neo suite streamlines and optimizes core business processes, empowering manufacturers to deliver high-quality medicines to market faster and ultimately unlock the promise of Pharma 4.0. Initially launched as a custom solution for one of the world's largest pharmaceutical companies, Neo's technology is now deployed in highly complex manufacturing settings worldwide.
GARTNER and HYPE CYCLE are trademark and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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SOURCE Neo PLM | https://www.wafb.com/prnewswire/2022/08/15/neo-plm-mentioned-2022-gartner-hype-cycle-report-fifth-consecutive-year/ | 2022-08-15T12:00:33Z | https://www.wafb.com/prnewswire/2022/08/15/neo-plm-mentioned-2022-gartner-hype-cycle-report-fifth-consecutive-year/ | true |
The Only Way Is Essex has been off our screens since the Christmas special of 2021 and fans have been clamouring for the next instalment of the reality series. Luckily for them, the show bosses have confirmed that Season 30 is on the way.
This series is slightly different to previous ones, with filming finishing up before it starts to air, according to star Chloe Brockett, during a Q&A on Instagram. Chloe also revealed that this series will have 11 episodes.
The upcoming season comes after a series of delays due to ongoing pandemic guidelines affecting filming operations. Stars were flown out to the Dominican Republic for some parts of filming so we can expect to see some exotic locations on our screens very soon.
Read more: The 7 things people love to hate about Southend in the summer, according to locals
When does TOWIE start?
TOWIE bosses have confirmed that the reality show will air again on Sunday, August 21 at 9pm on ITVBe and the ITV Hub. Show creators promise plenty of drama, as well as six new faces joining the show.
Filming wrapped back in June so we will likely see our favourite TOWIE stars getting ready for summer. As well as the newcomers, you can expect to see some familiar faces like Amber Turner, Dan Edgar, Amy Childs, Diags, Dani Imbert, and Yazmin Oukhellou return to the show - along with many more.
Read more:
Parking row breaks out in seaside town after ‘petty' letter left on car
Katie Price 'appears to confirm' split from Carl Woods after weeks of speculation
Love Island's Ekin-Su reveals WhatsApp group with the girls - and Gemma Owen isn't in it
The Paul Pry pub garden in Rayleigh with exclusive VIP huts perfect for summer | https://www.essexlive.news/news/celebs-tv/towie-only-way-essex-2022-7465460 | 2022-08-15T12:02:14Z | https://www.essexlive.news/news/celebs-tv/towie-only-way-essex-2022-7465460 | true |
VANCOUVER, BC, Aug. 15, 2022 /PRNewswire/ - CubicFarm® Systems Corp. ("CubicFarms" or the "Company") (TSX: CUB), a leading local chain agricultural technology company, today reported its second quarter financial and operating results for the three and six months ended June 30, 2022. All amounts are in Canadian dollars, unless otherwise stated.
"In the second quarter, we continued our focus on project execution, including installations underway of our commercial indoor growing CubicFarm Systems and HydroGreen Automated Vertical Pastures™ ("AVPs") solutions, while further building our sales pipeline," said Carlos Yam, Chief Financial Officer, CubicFarms. "We will review our operating performance on an ongoing basis and implement measures, including expense management, to ensure financial alignment within our operations," said Yam.
"HydroGreen's installation of AVPs that make up the world's largest automated indoor growing solution is nearing completion at Burnett's Land & Livestock in Carpenter, Wyoming, where our HydroGreen Certified Dealer Network is already touring potential customers," said Dan Schmidt, President of HydroGreen, a division of CubicFarms. "Recently, we welcomed more than 400 National Holstein Convention conference participants to our HydroGreen Innovation Center R&D facility in Sioux Falls, South Dakota. At the event, we showcased growing from seed to feed in six days and how nutritious HydroGreen fresh forage can lower methane emissions in dairy cows by about 24 per cent on a per unit milk output and in beef cattle by about 48 per cent on a per kilogram weight gain basis, plus other significant benefits like saving water and land. We've received strong interest in our machines from both domestic and international markets."
"Our focus is on the strategic growth of our next generation of indoor growing systems, empowered by our software platform and latest research," said Dave Dinesen, Chief Executive Officer, CubicFarms. "Our R&D efforts continue to drive improvements in the scalability of the CubicFarm Systems and HydroGreen AVPs, and through leveraging data science, we're making continuous progress on plant and animal performance results. We're also very excited about the announcement of our carbon credit commercialization strategy. The incremental value of carbon credits from our AVPs coupled with recently announced studies has created a compelling economic proposition in the livestock industry, in addition to the environmental benefits allowing farmers and ranchers to achieve reliable and consistent feed production for their herds."
- The Company currently has a total of 223 modules pending manufacturing and installation, with a total estimated contract value of USD $30.7 million.
- Revenue for the three months ended June 30, 2022, was $2.9 million, up from $0.4 million in the prior period. Q2 revenue included sales of CubicFarm Systems and HydroGreen AVPs of $2.7 million, up from $0.1 million in the prior period. Revenue for the six months ended June 30, 2022, was $3.1 million, compared to $4.3 million in the prior period.
- Net loss for the three and six months ended June 30, 2022, was $9.1 million and $17.9 million respectively, compared to net loss of $6.5 million and $10.1 million in the prior period. The increased net loss in the current quarter reflected the Company's continued expansion through staffing additions in the areas of research and development and general operations.
- Research and development expense for the three and six months ended June 30, 2022, was $3.2 million and $5.8 million respectively, compared to $1.3 million and $2.5 million in the prior period.
- Selling, general and administrative expense for the three and six months ended June 30, 2022, was $6.0 million and $11.7 million respectively, compared to $5.0 million and $8.9 million in the prior period.
- On April 1, 2022, the Company announced Mountainland Supply Company as a new member of the HydroGreen Certified Dealer Network.
- On April 27, 2022, the Company announced the appointment of Carlos Yam as CFO of the Company, effective June 27, 2022. With over 15 years of experience as a senior financial executive for public and private companies, Yam has served as CFO of both publicly traded and private companies with responsibilities ranging from strategic growth, capital markets, mergers and acquisitions, business integration, risk management, banking and treasury, to financial reporting and analysis and operational finance.
- On May 12, 2022, the Company announced new data that demonstrates 54% to 62% less energy is used in CubicFarm System modules compared to results reported by other vertical farms surveyed by Agritecture in its 2021 Global Controlled Environment Agriculture Census Report. With electricity being the number one input cost in vertical farming, this is a significant advantage to customers using the CubicFarm System technology.
- On May 17, 2022, the Company announced that its HydroGreen division has entered into an agreement with Deloitte LLP to develop a carbon commercialization program designed to provide high-quality carbon credits to a fast-growing global market. HydroGreen's commercial scale AVPs help meet increasing demand for valuable farm-based inset and offset carbon credits from organizations with net-zero goals worldwide.
- On June 2, 2022, the Company announced the closing of its overnight marketed public offering of unsecured convertible debenture units (the "Debenture Units") at a price of $1,000 per Debenture Unit for total gross proceeds of $6,540,000, and 7,361,000 common shares at a price of $0.55 per common share for total gross proceeds of $4,048,550. In aggregate, total gross proceeds were $10,588,550, which is inclusive of the partial exercise of the overallotment option.
- On June 14, 2022, the Company announced that it has entered an agreement with Cnossen Dairy for the sale of 10 HydroGreen AVPs. The AVPs will be installed in Hereford, West Texas, which currently milks 11,000 cows over 7,500 acres of farmland. In addition, the Company also announced Dairy Specialists, Advanced Dairy Systems, and Penner Farm Services have joined the HydroGreen Certified Dealer Network.
- On June 28, 2022, the Company announced that it has entered into agreements with NTE Discovery Park Ltd. for the sale of 26 CubicFarm System modules at a sale price of $4.4 million, as well as the future manufacturing of major components for contracts within North America. The initial 26 modules will be installed at Discovery Park in Campbell River, B.C., with the intention to expand with the sale and manufacturing of an additional 100 modules in the near future.
The Company's second quarter financial statements and management's discussion and analysis will be issued and filed on SEDAR at www.sedar.com on August 15, 2022, and will be available on the same day on CubicFarms' website at https://cubicfarms.com/investors/.
The Company also announced a comprehensive review of its internal cost structure to optimize operating efficiency and accelerate its path to profitability.
"We have realigned operating expenses by reducing approximately 16.5% of our workforce and other non-payroll related overhead expenditures, resulting in an estimated $6.7 million of annualized savings, or 21.8% of the Company's cash-based operating expenses on a trailing 12-month basis," said Yam. "Investors can expect to see the positive impact of these initiatives and results starting from Q3 onwards. With an optimized corporate structure and cost reductions, we are better positioned to support the disciplined, long-term growth of the business."
In addition, the Company will implement a centralized procurement structure aimed at rightsizing indirect costs and driving further efficiencies across its supply chain.
CubicFarms is a leading local chain agricultural technology company developing and deploying technology to feed a changing world. Its proprietary ag-tech solutions enable growers to produce high quality, predictable produce and fresh livestock feed with HydroGreen Nutrition Technology, a division of CubicFarm Systems Corp. The CubicFarms™ system contains patented technology for growing leafy greens and other crops onsite, indoors, all year round. CubicFarms provides an efficient, localized food supply solution that benefits our people, planet, and economy.
For more information, please visit www.cubicfarms.com.
On behalf of the Board of Directors
"Dave Dinesen"
Dave Dinesen, Chief Executive Officer
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including, without limitation, statements with respect to: the Company's sales pipeline (and the Company's ability to close sales in the current sales pipeline), the Company's growth strategy, the results of the Company's cost reduction measures, the quantification of value of carbon credits to the AVPs and the market for carbon credits generally.
Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such statements can be identified by the use of words such as "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict", and other similar terminology, or state that certain actions, events, or results "may", "can", "could", "would", "might", or "will" be taken, occur, or be achieved.
These statements reflect the Company's current expectations regarding future events, performance, and results and speak only as of the date of this news release. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if the Company's expectations regarding future events, performance, or results change.
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SOURCE CubicFarm Systems Corp. | https://www.kait8.com/prnewswire/2022/08/15/cubicfarm-systems-corp-reports-q2-fy-2022-results-announces-cost-reduction-measures/ | 2022-08-15T12:13:45Z | https://www.kait8.com/prnewswire/2022/08/15/cubicfarm-systems-corp-reports-q2-fy-2022-results-announces-cost-reduction-measures/ | true |
Norway's climate choice: old oil, gas fields switch to green power or close early
By Nora Buli and Nerijus Adomaitis
OSLO, Aug 15 (Reuters) - Norway will have to phase out some of its old oil and gas fields prematurely to achieve its 2030 climate goals, unless it can use carbon-free power on more offshore platforms to cut their emissions, the country's Climate Minister Espen Barth Eide said.
Norway, western Europe's largest petroleum producer, aims to reduce its emissions of greenhouse gases by 55% by 2030 from 1990, but as of 2021 the reduction achieved was only 4.5%, preliminary official statistics showed.
Opposition to connecting more offshore platforms to Norway's hydropower-dominated onshore grid has grown as water reservoirs have hit 20-year lows, power prices have soared and concerns of scarcity have increased.
Eide told Reuters in an interview it was impossible to meet the climate goal without supplying renewable energy to more offshore fields.
The offshore petroleum industry accounts for about a quarter of Norway's total emissions mainly because it uses gas to generate power at offshore installations.
"An alternative would be an early phase out of old fields rather than retrofitting (those) with electricity," he added.
Environmental campaigners might welcome such a step, but it runs counter to the centre-left government's pledge "to develop, not to phase out" the petroleum industry, and would anger powerful oil workers' unions.
"I think the better answer is to build more electricity capacity," Eide said. "The idea is that most of the additional electricity for the platforms will come from offshore wind."
Norway wants to develop 30 gigawatts (GW) of offshore wind https://www.reuters.com/business/energy/norway-ramp-up-offshore-wind-drive-go-green-2022-05-11 capacity by 2040 that could produce almost as much electricity as its vast hydropower dams on land produce now.
The country is only making first steps into offshore wind, while onshore wind licensing was halted in 2019 following public protests. It resumed in April https://www.reuters.com/business/sustainable-business/norway-resume-onshore-wind-power-licensing-after-3-year-break-2022-04-08/#:~:text=OSLO%2C%20April%208%20(Reuters),energy%20minister%20said%20on%20Friday this year.
Eide said he hoped high energy prices would help to encourage new projects, especially after the parliament changed the rules that give more say and revenue to local governments.
"We are quite confident that... we will be able to restart some of this (onshore wind projects) now," he said, adding that Norway was also looking at building floating solar power plants on the surface of its hydropower reservoirs.
(Reporting by Nora Buli; editing by Barbara Lewis) | https://www.dailymail.co.uk/wires/reuters/article-11112723/Norways-climate-choice-old-oil-gas-fields-switch-green-power-close-early.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-15T12:14:17Z | https://www.dailymail.co.uk/wires/reuters/article-11112723/Norways-climate-choice-old-oil-gas-fields-switch-green-power-close-early.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
OMAHA, Neb. (KMTV) — The Boys and Girls Clubs of the Midlands have been serving the metro for more than 60 years. As students return to school, the clubs want to remind families that it is a safe space for kids outside of school and home.
All 14 locations are making the transition from summer programming to school programming. The clubs can assist students with help in different school subjects and expose them to new opportunities.
"Really just kind of having that individual approach, having those individual relationships, with kids. Helping them explore new opportunities, whether it's art or STEM,” Boys & Girls Club of the Midlands Vice President of Leadership Giving Beth Amelon said.
”Especially reading and math. Having a full-time reading director and full-time math director has allowed us to really create a robust curriculum for these kids."
There are also many other social programs, like hygiene and leadership, provided to members, along with a meal each day.
Kid memberships cost $30 a year. For teens, membership is free, and the programs and assistance offered are expanded.
"We do homework help - also thinking about what life looks like after high school. Let's make sure everyone is going to graduate high school and then what we are going to do next. What careers we like, maybe what colleges we're thinking about going to,” Amelon said.
“We have a very robust scholarship program as well. We currently have 60 alum who are in post-secondary education, and this year we gave out about $416,000 in scholarships."
Amelon says there’s still plenty of time each day for the kids to let loose and have fun as well.
Ten of the 14 clubs are either connected to a school or share a building with a school. Amelon says the two work with one another to assist kids in the areas they need it most.
Boys and Girls Club of the Midlands want to allow more kids into the programs but also needs more employees. One staff member addition can bring in 15 more kids. | https://www.3newsnow.com/news/local-news/boys-girls-clubs-of-the-midlands-transitions-to-school-programming | 2022-08-15T12:14:49Z | https://www.3newsnow.com/news/local-news/boys-girls-clubs-of-the-midlands-transitions-to-school-programming | false |
LONDON, Aug. 15, 2022 /PRNewswire/ -- Paul Hastings LLP today announced that Jason Raeburn has joined the firm's London office as a partner in its elite Intellectual Property practice.
Raeburn's broad and diverse practice includes intellectual property disputes relating to software development and licensing, cloud, and AI-related implementations, combined with deep experience in technology litigation and product counseling involving breach of contract, IT infrastructure, the misuse of data and reputational threats.
His arrival adds further depth to the firm's IP practice and builds on the recent growth of the London litigation team. The growth of litigation and finance in London coincides with the addition of a band one finance team, private equity specialist Tom Cartwright and structured finance partner Jason Brooks, who also joined the firm's London office in recent weeks.
"Jason's familiarity with advising the world's leading technology companies in high-growth and high-impact areas like artificial intelligence and cloud fits well into our strategy of investing in strategic areas that will be increasingly important to our clients as a result of macroeconomic trends," said Seth Zachary, chair of Paul Hastings. "He strengthens the breadth and depth of our IP practice while adding high-value expertise to our growing London office."
"Jason adds market-leading experience serving many of the world's leading technology companies in intellectual property disputes that are mission-critical for their business," said Bruce Wexler, Global Co-Chair of the Intellectual Property practice. "He has established himself on an international level, and we believe he will be a star within Paul Hastings' global platform."
"Widely recognized as a standout litigator, Jason is a gifted practitioner who is capturing notable international attention. We are thrilled to welcome him to our office," said Arun Birla, Chair of the firm's London Office. "Strong global competition and converging technologies leave many firms facing increasingly complex IP challenges, making this an ideal moment to grow this crucial practice area."
In addition to his private practice, Mr. Raeburn sits as a part-time judge in the English High Court, as a Deputy Master of the Chancery Division and as a Judge of the First-Tier Tribunal, hearing specialist appeals. His 2020 appointment to the bench is believed to have made him the youngest judge ever appointed to the High Court in the history of England and Wales.
"Paul Hastings' impressive growth, both in London and beyond, fostered by its collaborative and entrepreneurial culture was one of the most significant factors for making the move," said Mr. Raeburn. "I look forward to working with my new colleagues globally to build upon this exciting practice at the firm."
The London office had a strong financial 2021, increasing revenue by 41% on the back of strong demand in its Litigation, Private Equity, Finance, Structured Credit and Securities & Capital Markets practices, this latest addition signals further growth for the firm.
About Paul Hastings
With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment and real estate, Paul Hastings is a premier law firm providing superior intellectual capital and execution globally to the world's leading investment banks, asset managers and corporations.
Paul Hastings is ranked as one of the top firms in the world in The American Lawyer's "Premier League" for momentum, profit and prestige amongst firms in the 2022 American Lawyer 100.
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SOURCE Paul Hastings LLP | https://www.kfyrtv.com/prnewswire/2022/08/15/paul-hastings-ip-practice-adds-preeminent-technology-partner-london/ | 2022-08-15T12:17:06Z | https://www.kfyrtv.com/prnewswire/2022/08/15/paul-hastings-ip-practice-adds-preeminent-technology-partner-london/ | true |
SINGAPORE, Aug. 15, 2022 /PRNewswire/ -- Multichain, a leading protocol among cross-chain token and NFT transfer service providers released a whitepaper that outlines the details of anyCall - one of the most anticipated cross-chain products of 2022.
anyCall will lay down an infrastructure to be used by blockchains and Dapps to facilitate generic cross-chain communication. Primitive cross-chain technologies are limited to cross-chain token transfers, but anyCall can transfer arbitrary information across supported chains. The messages through anyCall are secured by Multichain's SMPC nodes, which already secure assets worth billions of dollars.
anyCall is the road to a real multi-chain ecosystem
anyCall opens endless possibilities. anyCall enabled multi-chain Dapps can process cross-chain contract calls that will allow users to access its features on all chains within a single transaction, which means a cleaner UI/UX and no need to access multiple bridges with complicated steps.
Curve.fi is one of the first Dapps to deploy anyCall, which streamlines reward distribution with cross-chain gauges that communicate across supported chains in real time to offer fair and accurate rewards to Curve users.
Web3 is amid an evolution in Dapp design. Dapps of the future will support cross-chain messaging natively, which will end primitive issues like Dapp cloning and liquidity fragmentation.
anyCall has already been deployed on eleven prominent blockchains and has been integrated by renowned Dapps like Curve.fi and Hundred finance, and more will soon follow. The multi-chain ecosystem is inevitable, the Dapps that do not adapt to this market shift will soon be replaced by new ones. anyCall is at the forefront of this evolution.
About Multichain
Multichain, born as Anyswap on the 20th of July 2020, is positioned as a fully decentralized Cross-Chain Router Protocol (CRP), an infrastructure supporting a multi-chain ecosystem. Multichain envisions to be the ultimate router for web3. It has taken an absolute leading position in the cross-chain industry in terms of its rapidly expanding ecosystem map (59 supported chains and nearly 3,000 bridges), large DAU number, and great product and technology development.
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Arçelik, parent company to Beko and Grundig, will be at IFA 2022 in Berlin to unveil their latest in product innovation at IFA 2022, while Hakan Bulgurlu, CEO of Arçelik, will address the climate emergency during his keynote speech on Friday 2nd September at 2 p.m.
ISTANBUL , Aug. 15, 2022 /PRNewswire/ -- Arçelik, parent company to leading home appliance brands including Beko and Grundig, is challenging the traditional sustainability model that shapes so many consumer brands today. During his keynote speech at IFA Berlin on Friday 2nd September, Arçelik CEO Hakan Bulgurlu will call on industry leaders to consider how their companies are impacting the environment, in a speech that draws on his experience as a CEO and APPLiA President.
Tackling the subject of technological advancements and sustainability, Hakan Bulgurlu, will deliver a speech that aims to reshape how companies think about their environmental impact. Focusing on the notion of 'Richer People' on a 'Poorer Planet', he will explore the idea that some of the solutions unveiled by industries to reduce their impact on the planet in fact result in increased demand and consumption, leading to greater environmental damage.
Arçelik brands Beko and Grundig will be exhibiting at IFA in the Household Appliances section in Hall 3.1.
About Arçelik
Arçelik's has over 40,000 employees around the world, global operations including sales and marketing offices in 52 countries, and 28 production facilities in 9 countries with 12 brands (Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, Altus, Dawlance, Voltas Beko). As Europe's second-largest white goods company by market share (based on volumes), Arçelik reached a consolidated turnover of 6.5 billion Euros in 2021. Arçelik's 28 R&D and Design Centers & Offices across the globe, are home to over 2,000 researchers and hold more than 3,000 international patent applications to date. In 2021, Arçelik achieved the highest score in the DHP Household Durables category for the third year in a row in the Dow Jones Sustainability Index of the S&P Global Corporate Sustainability Assessment. Through its leadership position in sustainability and credible decarbonization roadmap for achieving net zero, Arçelik became the first and only company from its industry to receive the Terra Carta Seal by HRH Prince of Wales. Arçelik's mission is 'Respecting the World, Respected Worldwide'.
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VANCOUVER, BC, Aug. 15, 2022 /PRNewswire/ - CubicFarm® Systems Corp. ("CubicFarms" or the "Company") (TSX: CUB), a leading local chain agricultural technology company, today reported its second quarter financial and operating results for the three and six months ended June 30, 2022. All amounts are in Canadian dollars, unless otherwise stated.
"In the second quarter, we continued our focus on project execution, including installations underway of our commercial indoor growing CubicFarm Systems and HydroGreen Automated Vertical Pastures™ ("AVPs") solutions, while further building our sales pipeline," said Carlos Yam, Chief Financial Officer, CubicFarms. "We will review our operating performance on an ongoing basis and implement measures, including expense management, to ensure financial alignment within our operations," said Yam.
"HydroGreen's installation of AVPs that make up the world's largest automated indoor growing solution is nearing completion at Burnett's Land & Livestock in Carpenter, Wyoming, where our HydroGreen Certified Dealer Network is already touring potential customers," said Dan Schmidt, President of HydroGreen, a division of CubicFarms. "Recently, we welcomed more than 400 National Holstein Convention conference participants to our HydroGreen Innovation Center R&D facility in Sioux Falls, South Dakota. At the event, we showcased growing from seed to feed in six days and how nutritious HydroGreen fresh forage can lower methane emissions in dairy cows by about 24 per cent on a per unit milk output and in beef cattle by about 48 per cent on a per kilogram weight gain basis, plus other significant benefits like saving water and land. We've received strong interest in our machines from both domestic and international markets."
"Our focus is on the strategic growth of our next generation of indoor growing systems, empowered by our software platform and latest research," said Dave Dinesen, Chief Executive Officer, CubicFarms. "Our R&D efforts continue to drive improvements in the scalability of the CubicFarm Systems and HydroGreen AVPs, and through leveraging data science, we're making continuous progress on plant and animal performance results. We're also very excited about the announcement of our carbon credit commercialization strategy. The incremental value of carbon credits from our AVPs coupled with recently announced studies has created a compelling economic proposition in the livestock industry, in addition to the environmental benefits allowing farmers and ranchers to achieve reliable and consistent feed production for their herds."
- The Company currently has a total of 223 modules pending manufacturing and installation, with a total estimated contract value of USD $30.7 million.
- Revenue for the three months ended June 30, 2022, was $2.9 million, up from $0.4 million in the prior period. Q2 revenue included sales of CubicFarm Systems and HydroGreen AVPs of $2.7 million, up from $0.1 million in the prior period. Revenue for the six months ended June 30, 2022, was $3.1 million, compared to $4.3 million in the prior period.
- Net loss for the three and six months ended June 30, 2022, was $9.1 million and $17.9 million respectively, compared to net loss of $6.5 million and $10.1 million in the prior period. The increased net loss in the current quarter reflected the Company's continued expansion through staffing additions in the areas of research and development and general operations.
- Research and development expense for the three and six months ended June 30, 2022, was $3.2 million and $5.8 million respectively, compared to $1.3 million and $2.5 million in the prior period.
- Selling, general and administrative expense for the three and six months ended June 30, 2022, was $6.0 million and $11.7 million respectively, compared to $5.0 million and $8.9 million in the prior period.
- On April 1, 2022, the Company announced Mountainland Supply Company as a new member of the HydroGreen Certified Dealer Network.
- On April 27, 2022, the Company announced the appointment of Carlos Yam as CFO of the Company, effective June 27, 2022. With over 15 years of experience as a senior financial executive for public and private companies, Yam has served as CFO of both publicly traded and private companies with responsibilities ranging from strategic growth, capital markets, mergers and acquisitions, business integration, risk management, banking and treasury, to financial reporting and analysis and operational finance.
- On May 12, 2022, the Company announced new data that demonstrates 54% to 62% less energy is used in CubicFarm System modules compared to results reported by other vertical farms surveyed by Agritecture in its 2021 Global Controlled Environment Agriculture Census Report. With electricity being the number one input cost in vertical farming, this is a significant advantage to customers using the CubicFarm System technology.
- On May 17, 2022, the Company announced that its HydroGreen division has entered into an agreement with Deloitte LLP to develop a carbon commercialization program designed to provide high-quality carbon credits to a fast-growing global market. HydroGreen's commercial scale AVPs help meet increasing demand for valuable farm-based inset and offset carbon credits from organizations with net-zero goals worldwide.
- On June 2, 2022, the Company announced the closing of its overnight marketed public offering of unsecured convertible debenture units (the "Debenture Units") at a price of $1,000 per Debenture Unit for total gross proceeds of $6,540,000, and 7,361,000 common shares at a price of $0.55 per common share for total gross proceeds of $4,048,550. In aggregate, total gross proceeds were $10,588,550, which is inclusive of the partial exercise of the overallotment option.
- On June 14, 2022, the Company announced that it has entered an agreement with Cnossen Dairy for the sale of 10 HydroGreen AVPs. The AVPs will be installed in Hereford, West Texas, which currently milks 11,000 cows over 7,500 acres of farmland. In addition, the Company also announced Dairy Specialists, Advanced Dairy Systems, and Penner Farm Services have joined the HydroGreen Certified Dealer Network.
- On June 28, 2022, the Company announced that it has entered into agreements with NTE Discovery Park Ltd. for the sale of 26 CubicFarm System modules at a sale price of $4.4 million, as well as the future manufacturing of major components for contracts within North America. The initial 26 modules will be installed at Discovery Park in Campbell River, B.C., with the intention to expand with the sale and manufacturing of an additional 100 modules in the near future.
The Company's second quarter financial statements and management's discussion and analysis will be issued and filed on SEDAR at www.sedar.com on August 15, 2022, and will be available on the same day on CubicFarms' website at https://cubicfarms.com/investors/.
The Company also announced a comprehensive review of its internal cost structure to optimize operating efficiency and accelerate its path to profitability.
"We have realigned operating expenses by reducing approximately 16.5% of our workforce and other non-payroll related overhead expenditures, resulting in an estimated $6.7 million of annualized savings, or 21.8% of the Company's cash-based operating expenses on a trailing 12-month basis," said Yam. "Investors can expect to see the positive impact of these initiatives and results starting from Q3 onwards. With an optimized corporate structure and cost reductions, we are better positioned to support the disciplined, long-term growth of the business."
In addition, the Company will implement a centralized procurement structure aimed at rightsizing indirect costs and driving further efficiencies across its supply chain.
CubicFarms is a leading local chain agricultural technology company developing and deploying technology to feed a changing world. Its proprietary ag-tech solutions enable growers to produce high quality, predictable produce and fresh livestock feed with HydroGreen Nutrition Technology, a division of CubicFarm Systems Corp. The CubicFarms™ system contains patented technology for growing leafy greens and other crops onsite, indoors, all year round. CubicFarms provides an efficient, localized food supply solution that benefits our people, planet, and economy.
For more information, please visit www.cubicfarms.com.
On behalf of the Board of Directors
"Dave Dinesen"
Dave Dinesen, Chief Executive Officer
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including, without limitation, statements with respect to: the Company's sales pipeline (and the Company's ability to close sales in the current sales pipeline), the Company's growth strategy, the results of the Company's cost reduction measures, the quantification of value of carbon credits to the AVPs and the market for carbon credits generally.
Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such statements can be identified by the use of words such as "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict", and other similar terminology, or state that certain actions, events, or results "may", "can", "could", "would", "might", or "will" be taken, occur, or be achieved.
These statements reflect the Company's current expectations regarding future events, performance, and results and speak only as of the date of this news release. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if the Company's expectations regarding future events, performance, or results change.
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- Interim data from SUNRISE trial in four pediatric patients showed detectable levels of ALB-2A biomarker demonstrating site-specific gene insertion and protein expression
- Two of four patients demonstrated increasing ALB-2A levels over time, indicating expansion of edited hepatocytes carrying the corrective gene
- Proprietary manufacturing process, mAAVRx, has shown 15- to 30-fold yield increase over standard transfection processes
LEXINGTON, Mass., Aug. 15, 2022 /PRNewswire/ -- LogicBio® Therapeutics, Inc. (NASDAQ: LOGC), a clinical-stage genetic medicine company, today reported financial results for the second quarter ended June 30, 2022, and provided business updates, including early clinical data from its ongoing SUNRISE trial evaluating LB-001 in pediatric patients with severe methylmalonic acidemia (MMA).
"We are excited to continue to see GeneRide® demonstrating its ability to precisely knock in the correct version of a gene with a single intravenous infusion—a significant milestone in the field of genetic medicine," said Fred Chereau, president and chief executive officer of LogicBio. "Additionally, LogicBio's proprietary mAAVRx™ process has continued to show significant improvement in production yields. As quality and cost of goods in genetic medicine manufacturing remain a key priority, we intend to leverage mAAVRx for our development candidates and as a potential source for business development collaborations."
Interim SUNRISE Phase 1/2 Results
SUNRISE is a first-in-human, open-label, multi-center, Phase 1/2 clinical trial designed to assess the safety, tolerability, and preliminary efficacy of a single intravenous infusion of LB-001 in pediatric patients with MMA. LB-001 is designed to non-disruptively knock-in a corrective copy of the methylmalonyl-CoA mutase (MMUT) gene into the albumin locus to drive lifelong therapeutic levels of MMUT expression in the liver. LB-001 is based on the company's proprietary GeneRide technology, which uses homologous recombination, a natural DNA repair process, to enable precise editing of the genome without the need for exogenous nucleases and promoters that have been associated with an increased risk of immune response and cancer. Detection of the technology-related biomarker albumin-2A (ALB-2A) in the serum indicates MMUT gene integration and MUT protein expression. Increasing levels of ALB-2A suggest the expansion of the edited cells over time.
The Phase 1/2 interim results include safety and efficacy data from four patients treated with a single intravenous infusion of LB-001 at dose level 5e13 vg/kg. The first two patients dosed were in the three to 12 years old age group and experienced no drug-related serious adverse events (SAEs). As previously disclosed, the third and fourth patients, who were in the six months to two years old age group, each experienced a drug-related SAE, categorized as thrombotic microangiopathy (TMA). The TMA events have resolved, and both patients remain in the study. Based on dialogue with the U.S. Food and Drug Administration (FDA), the SUNRISE protocol was amended to include enhanced monitoring measures, including frequent testing for complement activation, a characteristic of TMA, as well as the use of a complement inhibitor in the event there are laboratory findings indicating a potential or imminent TMA. Additionally, prior to the TMA event, the fourth patient experienced a grade 1 drug-related SAE that was categorized as cytokine release syndrome and necessitated an additional day in the hospital post-dosing.
In addition to safety and tolerability, SUNRISE is designed to evaluate preliminary efficacy through biomarkers such as ALB-2A, a technology-related biomarker, as well as several others related to the disease itself, including methylmalonic acid, methylcitric acid, fibroblast growth factor 21 (FGF21) and propionate oxidation. ALB-2A has been detected in the serum of all four patients, which indicates site-specific integration of the MMUT gene. In two of the four patients, increasing levels of ALB-2A were seen over time, indicating selective advantage. Selective advantage enables edited hepatocytes carrying the corrective gene to survive and reproduce better than the endogenous mutated hepatocytes and to ultimately repopulate a part or whole of the diseased liver. The disease-related biomarkers, including methylmalonic acid, methylcitric acid, propionate oxidation and FGF-21, were variable and do not show a clear trend to date.
"These early results from the first four pediatric patients treated with LB-001 validate the proof of mechanism for our novel GeneRide genome editing technology," said Dr. Daniel Gruskin, chief medical officer of LogicBio. "The interim data suggest that a single systemic administration of LB-001 can lead to precise insertion of a corrective copy of the MMUT gene in the patient's hepatocytes. While the increase in ALB-2A is a promising sign, based on an analysis of preclinical and clinical data generated to date, we believe that significant additional time would be needed to determine clinical efficacy. I would like to thank the patients, their families, and the investigators who are participating in this ground-breaking trial. We look forward to continuing to better understand the biochemical and clinical effect of our genome editing therapy."
The company plans to continue observing the four patients through the long-term follow-up study to the SUNRISE trial where efficacy parameters will continue to be measured per protocol. As previously disclosed, the company expects to dose the next patient in the SUNRISE trial in the third quarter.
Recent Business Highlights:
- In May, the FDA lifted the clinical hold on LogicBio's Investigational New Drug Application (IND) for LB-001, allowing patient enrollment to resume in the Phase 1/2 SUNRISE trial in pediatric patients with MMA.
- In May, LogicBio presented four abstracts highlighting the company's GeneRide® technology in preclinical hereditary tyrosinemia type 1 (HT1) models and optimized adeno-associated virus (AAV) manufacturing processes at the American Society of Gene & Cell Therapy (ASGCT) 2022 Annual Meeting in Washington D.C.
- As part of the ASGCT presentations, LogicBio highlighted mAAVRx, its new proprietary manufacturing process. mAAVRx is an improved transient transfection of suspension cells, which has shown a 15- to 30-fold increase in vector yields compared to standard upstream processes.
Second Quarter 2022 Financial Results:
Three Months Ended June 30, 2022 and 2021
- Revenue: Revenue for the quarter ended June 30, 2022 consisted of $3.2 million in collaboration and service revenue recognized under our April 2021 agreements with CANbridge Care Pharma Hong Kong Limited (CANbridge) and Daiichi Sankyo Company, Limited (Daiichi Sankyo). Revenue for the quarter ended June 30, 2021 consisted of $0.8 million in collaboration and service revenue related to our arrangements with CANbridge, Daiichi, and our agreement with Takeda Pharmaceutical Company Limited (Takeda).
- R&D Expenses: Research and development expenses for the quarter ended June 30, 2022 were $4.8 million, compared to $7.3 million for the quarter ended June 30, 2021. The decrease of approximately $2.4 million was primarily due to a decrease of $1.2 million in LB-001 external development and manufacturing costs incurred during second quarter 2021 to start up the LB-001 SUNRISE clinical trial and a $1.0 million decrease in other research and development costs primarily related to one-time intellectual property costs that occurred as a result of entering into the April 2021 collaboration agreement with CANbridge.
- G&A Expenses: General and administrative expenses were $3.3 million for the quarter ended June 30, 2022, compared to $3.8 million for the quarter ended June 30, 2021. The decrease of approximately $0.5 million was primarily driven by a decrease of approximately $0.5 million in professional service fees as we brought more professional work in-house through key hires made during 2021.
- Net Loss: Net loss for the quarter ended June 30, 2022 was $5.0 million or $0.15 per share, compared to a net loss of $10.5 million, or $0.33 per share, for the quarter ended June 30, 2021.
- Cash Position: As of June 30, 2022, we had cash and cash equivalents of $38.8 million as compared to $53.5 million as of December 31, 2021. As of June 30, 2022, we had 32,962,733 shares outstanding.
- Financial Guidance: Based upon our current operating plan, we believe that our $38.8 million in cash and cash equivalents as of June 30, 2022 will enable us to fund our operating expenses and capital expenditure requirements into the second quarter of 2023.
About LogicBio Therapeutics
LogicBio® Therapeutics is a clinical-stage genetic medicine company pioneering genome editing and gene delivery platforms to address rare and serious diseases from infancy through adulthood. The company's genome editing platform, GeneRide®, is a new approach to precise gene insertion harnessing a cell's natural DNA repair process potentially leading to durable therapeutic protein expression levels. The company's gene delivery platform, sAAVy™, is an adeno-associated virus (AAV) capsid engineering platform designed to optimize gene delivery for treatments in a broad range of indications and tissues. The company's proprietary manufacturing process, mAAVRx™, aims to overcome one of the current limitations of AAV manufacturing by improving yields and product quality. The company is based in Lexington, MA. For more information, visit www.logicbio.com, which does not form a part of this release.
About LB-001
LB-001 is an investigational, first-in-class, single-administration, genome editing therapy for early intervention in methylmalonic acidemia (MMA) using LogicBio®'s proprietary GeneRide® drug development platform. GeneRide technology utilizes a natural DNA repair process called homologous recombination that enables precise editing of the genome without the need for exogenous nucleases and promoters that have been associated with an increased risk of immune response and cancer. LB-001 is designed to non-disruptively insert a corrective copy of the methylmalonyl-CoA mutase (MMUT) gene into the albumin locus to drive lifelong therapeutic levels of MMUT expression in the liver, the main site of MMUT expression and activity. LB-001 is delivered to hepatocytes intravenously via liver-targeted, engineered recombinant adeno-associated virus vector (rAAV-LK03). Preclinical studies found that LB-001 was safe and demonstrated transduction of hepatocytes, site-specific genomic integration, and transgene expression. LB-001–corrected hepatocytes in a mouse model of MMA demonstrated preferential survival and expansion (selective advantage), thus contributing to a progressive increase in hepatic MMUT expression over time. LB-001 resulted in improved growth, metabolic stability, and survival in MMA mice. The U.S. Food and Drug Administration (FDA) granted fast track designation, rare pediatric disease designation and orphan drug designation for LB-001 for the treatment of MMA. In addition, the European Medicines Agency (EMA) granted orphan drug designation for LB-001 for the treatment of MMA.
About Methylmalonic Acidemia (MMA)
Methylmalonic acidemia (MMA) is a rare and life-threatening genetic disorder affecting approximately 1 in 50,000 newborns in the United States. In the most common form of MMA, a mutation in a gene called methylmalonyl-CoA mutase (MMUT) prevents the body from properly processing certain fats and proteins. As a result, toxic metabolites accumulate in the liver, in muscle tissue and in the brain. Symptoms include vomiting, lethargy, seizures, developmental delays and organ damage. There is no approved medical therapy addressing the underlying cause of the disease. To manage the symptoms, patients go on a severely restrictive, low-protein, high-calorie diet, often through a feeding tube. Even with aggressive management, these patients often experience life-threatening metabolic crises that can require recurrent hospitalizations and cause permanent neurocognitive damage. Because of this risk for irreversible damage, early intervention is critical, and newborns are screened for MMA in every state in the United States.
Forward-Looking Statements
Statements in this press release regarding LogicBio®'s strategy, plans, prospects, expectations, beliefs, intentions and goals are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, as amended, including but not limited to statements the potential of the GeneRide® platform; the potential of LB-001, including its ability to lead to precise insertion; our ability to leverage mAAVRxTM for our development candidates or any potential business development collaborations; the potential expansion of edited cells and timing thereof; the amount of time necessary to demonstrate clinical efficacy; and the anticipated timing of when we expect to dose the next patient. The terms "believe," "look forward," "future," "intend," "designed," "potential," "suggests," "plans," "expects" and similar references are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Each forward-looking statement is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statement, including the risk that existing preclinical and/or clinical data may not be predictive of the results of ongoing or later preclinical and/or clinical results; the risk that we may not be successful in efforts to leverage our technologies for business development or otherwise; risks associated with management and key personnel changes and transitional periods; the actual funding required to develop and commercialize product candidates, including for safety, tolerability, enrollment, manufacturing or economic reasons; the timing and content of decisions made by regulatory authorities; the actual time it takes to initiate and complete preclinical and clinical studies, including the actual time it takes to demonstrate clinical efficacy; the competitive landscape; changes in the economic and financial conditions of LogicBio. Other risks and uncertainties include those identified under the heading "Risk Factors" in LogicBio's Annual Report on Form 10-K for the year ended December 31, 2021 and other filings that LogicBio may make with the U.S. Securities and Exchange Commission in the future. These forward-looking statements (except as otherwise noted) speak only as of the date of this press release, and LogicBio does not undertake, and specifically disclaims, any obligation to update any forward-looking statements contained in this press release.
Investor Contact:
Stephen Jasper
Gilmartin Group
(858) 525-2047
stephen@gilmartinir.com
Media Contacts:
Adam Daley
Berry & Company Public Relations
(212) 253-8881
adaley@berrypr.com
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SOURCE LogicBio Therapeutics, Inc. | https://www.wbtv.com/prnewswire/2022/08/15/logicbio-therapeutics-reports-second-quarter-2022-financial-results-provides-corporate-update/ | 2022-08-15T12:23:24Z | https://www.wbtv.com/prnewswire/2022/08/15/logicbio-therapeutics-reports-second-quarter-2022-financial-results-provides-corporate-update/ | true |
Brother of former NFL player sought in fatal shooting at youth football game, police say
Published: Aug. 15, 2022 at 7:49 AM EDT|Updated: 39 minutes ago
LANCASTER, Texas (CNN) - An altercation between coaches at a youth football game in Texas led to a fatal shooting Saturday night.
The Lancaster Police Department has issued a warrant for the arrest of Yaqub Salik Talib.
He’s the brother of Super Bowl champion Aqib Talib, who played for five teams over the course of 11 years in the NFL.
The shooting took place in Lancaster Community Park about 17 miles south of Dallas.
Authorities have not released the name of the victim.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wflx.com/2022/08/15/brother-former-nfl-player-sought-fatal-shooting-youth-football-game-police-say/ | 2022-08-15T12:28:56Z | https://www.wflx.com/2022/08/15/brother-former-nfl-player-sought-fatal-shooting-youth-football-game-police-say/ | false |
Canford Cliffs murder arrests after man found dead
- Published
Two people have been arrested on suspicion of murder after a man's body was found at a house.
Dorset Police were called to Bessborough Road in the Canford Cliffs area of Poole at 23:48 BST on Saturday.
The force confirmed the "sudden" death of the man, in his 40s, was being treated as "unexplained".
A 43-year-old man from Wimbledon, London, and a 42-year-old woman from Poole were arrested on suspicion of murder. Both were known to the victim.
A spokesperson for Dorset Police said the woman had since been released without charge and would face no further police action.
Officers said inquiries into the circumstances surrounding the man's death were ongoing and a cordon remains in place.
The spokesperson added: "There will be an increased police presence in the area while these inquiries are progressed and officers from the local neighbourhood policing team can be approached by members of the community with any specific concerns or issues."
Follow BBC South on Facebook, Twitter, or Instagram. Send your story ideas to south.newsonline@bbc.co.uk. | https://www.bbc.co.uk/news/uk-england-dorset-62550274 | 2022-08-15T12:31:45Z | https://www.bbc.co.uk/news/uk-england-dorset-62550274 | true |
Introduces a revolutionary new proactive wellness solution that keeps users strong and protected against germs
VISTA, Calif., Aug. 15, 2022 /PRNewswire/ -- BioFilm Inc., the makers of ASTROGLIDE personal lubricants, today announced the launch of its newest wellness brand, BioShell. BioShell makes wellness simple by offering easy-to-use, proactive, protective solutions that empower consumers to confidently live life to the fullest.
The brand's debut product, BioShell Germ Defense for Your Mouth, is a simple, revolutionary, pocket-sized oral antiseptic. It guards against infection by coating the throat and mouth with a thin, invisible antibacterial film that traps most germs before they have a chance to make you sick. The take-anywhere bottle is the perfect companion for travel, days in the office, large gatherings or events, and more. To use, simply spray BioShell Germ Defense in your mouth 1-3 times before entering crowded situations, like planes, trains, concerts, meetings. It can be used up to three times a day for up to seven days.
"Today's consumers are looking for uncomplicated ways to be - and stay - healthy," said Lisa O'Carroll, BioFilm CEO. "So we took our 30+ years of experience making quality wellness products and dedicated ourselves to introducing easy-to-use, powerfully effective illness prevention products that are designed with modern lifestyles in mind - making wellness simple for consumers every single day."
Key benefits of BioShell Germ Defense for Your Mouth include:
- Fights and kills germs
- Prevents infections in minor oral irritations
- Contains active ingredient Cetylpyridinium Chloride (CPC), an antimicrobial agent known for its antibacterial and germicidal benefits
- Convenient on-the-go size
- Patented formula found over-the-counter
- Great for travel, work, public transportation and large gatherings
- Not made with parabens
- Alcohol-free
- Berry-flavored
BioShell Germ Defense for the Mouth (MSRP: $11.99) is suitable for ages 12+. It is available for purchase on Amazon and will be in the cough, cold and flu section of local drug stores and pharmacies later this year. For more information, visit BioShellWellness.com. Stay connected with BioShell on Instagram, Facebook and TikTok.
BioFilm Inc. has been making quality wellness products for over 30 years. With the creation of the BioShell brand, the company is dedicated to providing easy-to-use, powerfully effective illness prevention products that help people live their strongest, healthiest lives. Its proven team of scientists and researchers apply the highest standards, working in ISO-certified facilities, using the highest quality materials and ingredients, and ensuring that every product it makes is well tested. To learn more about BioShell, visit BioShellWellness.com.
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While they may be effective in drawing in more customers, many ad campaigns come and go, doing just enough to catch the audience’s attention and increase brand awareness. However, there are other campaigns that truly stick with an audience—be it a niche group or even an entire generation. These campaigns are not just memorable, but they’ve often become part of popular culture.
Whether it’s with their humor, their emotion or their important message, these ads inspire and entertain all while teaching other companies what makes a truly effective campaign. Below, eight members of Young Entrepreneur Council describe the ad campaigns they greatly admire and the lessons they’ve learned about advertising and beyond.
1. 'Get a Mac'
The old “Mac vs. PC” commercials from the “Get a Mac” campaign with Justin Long as the Mac and John Hodgman as the PC were brilliant. They provided a perfect juxtaposition between the two brands that made it so easy to understand the biggest differences between their products. Macs were easy. Open the box and it’s ready to use. PCs were difficult. Open the box and there was tons of documentation to read. There were drivers to download, software to install and the list went on and on. Macs were also cool. Pick your color. PCs were boring and ugly. Both the visuals and the messages worked together to deliver a simple but powerful message of differentiation. Those commercials are a perfect example of brand positioning, and they helped Macs expand far beyond the ad agency and graphic designer audiences they appealed to previously. - Jonathan Prichard, MattressInsider.com
2. 'Like A Girl'
There are many to choose from, but the campaign that I admire is "Like a Girl" by Always. It's a brilliantly curated campaign that triggers all the right emotions. The campaign talks about the issues that girls face and strives to motivate the audience with a powerful message. The lesson learned? It's okay to talk about social issues and take a stand. Just because no one is talking about it, doesn't mean you shouldn't either. Campaigns like this create a substantial emotional appeal, which in turn breeds unending brand loyalty. - Stephanie Wells, Formidable Forms
3. 'Find Your Reason'
I find Fitbit's “Find Your Reason” campaign truly admirable. What made it such an amazing campaign is that Fitbit gave the spotlight to its customers by featuring their success stories. The campaign motivated many who have been really struggling to find their “reason.” It also elevated Fitbit's brand loyalty by bringing unknown hustlers into the spotlight. The lesson learned? User-generated content with good storytelling works wonders. - Jared Atchison, WPForms
4. 'Just Do It'
Nike's "Just Do It" campaign is inspiring to any young person who wants to be motivated and inspired to achieve something in life. Because of the wording and visual imagery used, Nike was able to create an ad campaign that appeals to the interests of most young people. Nike shows off their slogan "Just Do It" by talking about the sport of basketball. So, when the viewers watch the advertisement and think about what the slogan means, it makes sense to them. The advertisement does not have extremely flashy or action-packed images to catch the viewers' attention. Instead, Nike uses basketball games and their players as the primary visual imagery. This is a clever approach because the viewers can relate to what they are seeing and make the association from that point. - Kelly Richardson, Infobrandz
5. 'Delivery Dance'
Grubhub's Delivery Dance ad a few years back—and the resulting reaction—has to be it for me for many reasons. One is the negative reactions it got at the time, with many complaining on social media about the live TV ad being “lame” or “cringe.” One would think it was a disaster as the social vitriol poured in by the minute, but it's the events that followed this first wave of attack that I find fascinating. If you watched any live TV at the time and were also a social media user, you'd have seen the hilarious and oftentimes mean comments and memes made about the ad’s characters and their over-the-top reactions to the food being delivered to them. But, their distribution grew because of the conversation sparked on Twitter. - Samuel Thimothy, OneIMS
6. 'Mayhem'
The Allstate "Mayhem" campaign was one of my favorites in recent times. The casting, story angle and connection to the brand's value proposition were all aligned. What made this campaign work so well is that it displayed common occurrences that happen with everyday activities (like texting while driving), then hilariously personified the cause of the problem with the performance of Dean Winters. While a lot of ads aim for humor, they don't really hit the mark of making you understand there's a problem and that you need to do something about it. However, this campaign demonstrated that effortlessly. - Andy Karuza, NachoNacho
7. 'The Man Your Man Could Smell Like'
One of the best campaigns I've ever seen is the Old Spice commercials with "The Man Your Man Could Smell Like." They move fast, are clever and are humorous. Most of all, they are memorable and were some of the most talked about commercials when they came out. A lesson I learned from that campaign is that you don't have to take yourself seriously to take your brand seriously. People like to have fun, and associating your brand with fun and wit is a good way to go. - Baruch Labunski, Rank Secure
8. 'Thank You, Mom'
"The hardest job in the world is the best job in the world. Thank you, Mom," is a line that gets me every time! Is there a more emotional ad than what P&G created with the storylines of Olympic athletes and the mothers who supported them? The storytelling shows how moms, through their love and unfaltering support and reassurance, played a role in that one crowning moment that makes champions out of otherwise ordinary people. These simple ads take the viewers on a journey and connect them back to mothers in everyday life. It’s a work of art and advertising at its best. The lesson I learned is the power of emotional connection and empathy that a brand can create with its consumers by using a universal theme (in this case, "the sacrifice and support of mothers") like P&G did with its household products. - Brian David Crane, Spread Great Ideas | https://www.forbes.com/sites/theyec/2022/08/15/eight-ad-campaigns-that-taught-these-entrepreneurs-valuable-lessons/ | 2022-08-15T12:37:02Z | https://www.forbes.com/sites/theyec/2022/08/15/eight-ad-campaigns-that-taught-these-entrepreneurs-valuable-lessons/ | false |
WFO CORPUS CHRISTI Warnings, Watches and Advisories for Monday, August 15, 2022
_____
FLASH FLOOD WARNING
The National Weather Service in Corpus Christi has issued a
* Flash Flood Warning for...
Northwestern Jim Wells County in south central Texas...
Northwestern Kleberg County in south central Texas...
West Central Nueces County in south central Texas...
* Until 800 AM CDT.
* At 559 AM CDT, Doppler radar indicated thunderstorms producing
heavy rain across the warned area. Between 1 and 2 inches of rain
have fallen. Additional rainfall amounts of 1 to 3 inches are
possible in the warned area. Flash flooding is ongoing or expected
to begin shortly.
HAZARD...Flash flooding caused by thunderstorms.
SOURCE...Radar.
IMPACT...Flash flooding of small creeks and streams, urban
areas, highways, streets and underpasses as well as
other poor drainage and low-lying areas.
* Some locations that will experience flash flooding include...
Alice, Alice Acres, Ben Bolt, Tecalote and Lake Alice.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
Keep children away from storm drains, culverts, creeks and streams.
Water levels can rise rapidly and sweep children away.
Be aware of your surroundings and do not drive on flooded roads.
_____
Copyright 2022 AccuWeather | https://www.seattlepi.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17373794.php | 2022-08-15T12:39:09Z | https://www.seattlepi.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17373794.php | true |
Those of us who write and talk about money for a living tend to have our financial acts together. But that wasn’t always the case. I invited some personal finance experts to share what they wish they could have told their younger selves about money.
INVEST EARLY, EVEN IF IT’S SCARY
If the stock market scares you, nationally syndicated Washington Post columnist Michelle Singletary can relate. Singletary says she avoided investing for many years because in her first job out of college, an older co-worker — one who was close to retirement age — warned her that stocks were too risky.
Singletary later realized that someone in their 20s has decades to ride out stock market swings, and that she could have afforded to take much more risk with her investments.
“The lesson I learned was to look at my own individual situation and invest based on my timeline and goals,” Singletary says.
STUDENT LOAN DEBT CAN PAY OFF
Darian Woods , a reporter and producer for “The Indicator from Planet Money” podcast, says he can no longer remember exactly how much he borrowed to get a master’s in public policy from the University of California, Berkeley — just that his balance was “in the tens of thousands of dollars” by the time he graduated.
The debt felt enormous. Woods wishes he could reassure his anxious younger self that the loans were a solid investment in his future. Woods, a New Zealand native, landed a job as an analyst for his country’s treasury department and was able to pay off the loans in a year.
“That debt wasn’t as much of an albatross as I’d feared,” Woods says.
SAVING, SPENDING, EARNING: THEY’RE ALL IMPORTANT
Paco de Leon , author of the book “Finance for the People: Getting a Grip On Your Finances, ” has two bits of advice for her younger self. The first is to save, no matter what. Saving can feel futile on a small income, but the amount you save is far less important than the habit of saving that you’ll develop, she says.
The second piece of advice: Deal with your pain.
De Leon graduated with a degree in finance and a minor in economics. But a head full of knowledge about money concepts was no match for what de Leon calls “a deep-rooted scarcity mindset” and a profound sense of inferiority. De Leon says she didn’t earn enough for years because she wasn’t convinced of her own worth and bought expensive things she couldn’t afford, hoping to get validation from others. She wishes her younger self had spent time in self-reflection and therapy to work through her psychological issues.
“Do the work to heal your pain, so you aren’t creating more unnecessary problems for yourself,” de Leon says.
DON’T MAKE WORK YOUR LIFE
Tess Vigeland is host and senior producer of The Wall Street Journal’s “As We Work” podcast. She, too, has both practical and philosophical advice for her younger self.
The practical: Never, ever carry a credit card balance if you can help it.
“I got myself in deep credit debt throughout my early and mid-20s, because I lived life like I had my parents’ bank account, when in fact I had a tiny fraction of that,” Vigeland says.
The philosophical: Develop interests outside of your job.
Vigeland loved her work in public radio — until she didn’t. In 2012, she abruptly quit her job as host of American Public Media’s “Marketplace Money ,” a personal finance show, with no clue about what she wanted to do next.
Part of that journey became a book, “Leap: Leaving a Job with No Plan B to Find the Career and Life You Really Want.” But Vigeland says life after public radio might have been easier if her work hadn’t been such a big part of her identity.
“Have something you love to do outside of what you do for a living,” Vigeland says. “It will help down the line if you decide to leap to another career or go back to school — you won’t be stuck in just one idea of who you are and what you can do.”
AND MY TWO CENTS
Most of us can look back at our younger selves and see how much we’ve matured over time. But somehow we think our evolution has stopped. Whether we’re just starting our careers or have long since retired, the so-called “end of history illusion” convinces us that we won’t change much from the person we are today.
If I’d known about this psychological quirk, maybe I would have worried less about getting it all figured out and making exactly the right career and money moves. Who I am and what I want won’t stay the same. I’d tell my younger self that the important thing is to do the best I can today, and let tomorrow take care of itself.
(Spoiler alert: It all works out.)
___________________________________________
This column was provided to The Associated Press by the personal finance site NerdWallet. The content is for educational and informational purposes and does not constitute investment advice. Liz Weston is a columnist at NerdWallet, a certified financial planner and author of “Your Credit Score.” Email: lweston@nerdwallet.com. Twitter: @lizweston.
RELATED LINK:
NerdWallet: Personal finance defined: The guide to maximizing your money | https://www.sfgate.com/news/article/Liz-Weston-Just-Starting-Out-Learn-From-Our-17373788.php | 2022-08-15T12:40:24Z | https://www.sfgate.com/news/article/Liz-Weston-Just-Starting-Out-Learn-From-Our-17373788.php | false |
Company hires financial and M&A veteran Ronen Stein to help accelerate growth and profitability
ROSH HA'AIN, Israel, Aug. 15, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon" or the "Company"), a global innovator and leading solutions provider of 5G wireless transport, today announced the appointment of Ronen Stein as the Company's new Chief Financial Officer, effective September 21, 2022. Mr. Stein will report directly to the CEO, Doron Arazi.
As the newly appointed CFO, Mr. Stein will provide financial and strategic leadership and planning to help accelerate Ceragon's business momentum and deliver profitable growth. Mr. Stein is an accomplished financial executive and a business leader with more than twenty years of CFO experience having held a variety of CFO roles in both private and U.S. listed public companies. He brings extensive experience in mergers and acquisitions in diverse industries, leading transactions from both sides of the table.
Most recently, Mr. Stein was CFO of Siklu, an Israel-based company in the telecommunications sector. Previously he served as the CFO of 10bis, Enercon technologies, Knock N'Lock, and Pointer Telocation. Mr. Stein is a Certified Public Accountant in Israel and has a Master of Business Administration (M.B.A.), as well as a bachelor's degree in economics and accounting, both from Tel Aviv University.
Mr. Arazi, Ceragon CEO, commented, "We are excited to welcome Ronen to our executive team. Ronen is a proven executive and financial leader with a track record of driving enhanced performance across both public and private organizations. We're confident his expertise and experience will be a powerful asset for Ceragon as we continue executing on our strategy."
Mr. Stein, newly appointed CFO of Ceragon commented, "Ceragon is a true industry leader and I'm thrilled to join the Company. I can clearly see the business potential and I am excited to join Doron and the management team to continue to accelerate growth and profitability and deepen the Company's existing relations with the investor community."
About Ceragon Networks
Ceragon Networks Ltd. (NASDAQ: CRNT) is the global innovator and leading solutions provider of 5G wireless transport. We help operators and other service providers worldwide increase operational efficiency and enhance end customers' quality of experience with innovative wireless backhaul and fronthaul solutions. Our customers include service providers, public safety organizations, government agencies and utility companies, which use our solutions to deliver 5G & 4G broadband wireless connectivity, mission-critical multimedia services, stabilized communications, and other applications at high reliability and speed.
Ceragon's unique multicore technology and disaggregated approach to wireless transport provides highly reliable, fast to deploy, high-capacity wireless transport for 5G and 4G networks with minimal use of spectrum, power, real estate, and labor resources. It enables increased productivity, as well as simple and quick network modernization, positioning Ceragon as a leading solutions provider for the 5G era. We deliver a complete portfolio of turnkey end-to-end AI-based managed and professional services that ensure efficient network rollout and optimization to achieve the highest value for our customers. Our solutions are deployed by more than 400 service providers, as well as more than 800 private network owners, in more than 150 countries. For more information please visit: www.ceragon.com
Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON ® is a trademark of Ceragon Networks Ltd., registered in various countries. Other names mentioned are owned by their respective holders.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This document contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Ceragon's management about Ceragon's business, financial condition, results of operations, micro and macro market trends and other issues addressed or reflected therein. Examples of forward-looking statements include, but are not limited to, statements regarding: projections of demand, revenues, net income, gross margin, capital expenditures and liquidity, competitive pressures, order timing, supply chain and shipping, components availability, growth prospects, product development, financial resources, cost savings and other financial and market matters. You may identify these and other forward-looking statements by the use of words such as "may", "plans", "anticipates", "believes", "estimates", "targets", "expects", "intends", "potential" or the negative of such terms, or other comparable terminology, although not all forward-looking statements contain these identifying words.
Although we believe that the projections reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations therefrom will not be material. Such forward-looking statements involve known and unknown risks and uncertainties that may cause Ceragon's future results or performance to differ materially from those anticipated, expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, any ongoing actions taken and future actions that may be taken by Aviat Networks Inc. or other stockholders or others; the continuing impact of the components shortage due to the global shortage in semiconductors, chipsets, components and other commodities, on our supply chain, manufacturing capacity and ability to timely deliver our products, which have caused, and could continue to cause delays in deliveries of our products and in the deployment of projects by our customers, risk of penalties and orders cancellation created thereby, as well as profit erosion due to constant price increase, payment of expedite fees and costs of inventory pre-ordering and procurement acceleration of such inventory, and the risk of becoming a deadstock if not consumed; the continued effect of the global increase in shipping costs and decrease in shipping slots availability on us, our supply chain and customers, which have resulted, and may continue to result in, price erosion, late deliveries and the risk of penalties and orders cancellation due to late deliveries; the impact of the transition to 5G technologies on our revenues if such transition is developed differently than we anticipated; the risks relating to the concentration of a major portion of our business on large mobile operators around the world from which we derive a significant portion of our ordering, that due to their relative effect on the overall ordering coupled with inconsistent ordering pattern and volume of business directed to us, creates high volatility with respect to our financial results and results of operations; the effect of the competition from other wireless transport equipment providers and from other communication solutions that compete with our high-capacity point-to-point wireless products; the continued effect of the COVID-19 pandemic on the global economy and markets and on us and on the markets in which we operate and our and our customers, providers, business partners and contractors business and operations; the risks relating to increased breaches of network or information technology security along with increase in cyber-attack activities, growing cyber-crime threats, and changes in privacy and data protection laws, that could have an adverse effect on our business; risks associated with any failure to meet our product development timetable, including delay in the commercialization of our new chipset; imposition of additional sanctions and global trade limitations in connection with Russia's invasion to Ukraine, the effects of general economic conditions and trends on the global and local markets in which we operate and such other risks, uncertainties and other factors that could affect our results, as further detailed in Ceragon's most recent Annual Report on Form 20-F and in Ceragon's other filings with the Securities and Exchange Commission.
Such forward-looking statements, including the risks, uncertainties and other factors that could affect our results, represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. Such forward-looking statements do not purport to be predictions of future events or results and there can be no assurance that it will prove to be accurate. Ceragon may elect to update these forward-looking statements at some point in the future but the company specifically disclaims any obligation to do so except as may be required by law.
Ceragon's public filings are available on the Securities and Exchange Commission's website at www.sec.gov and may also be obtained from Ceragon's website at www.ceragon.com.
ADDITIONAL INFORMATION
Ceragon has filed a definitive proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the "SEC") in connection with its solicitation of proxies for the 2022 Extraordinary General Meeting of Ceragon Shareholders (the "2022 Extraordinary General Meeting"). CERAGON SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AS THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by Ceragon with the SEC without charge from the SEC's website at www.sec.gov.
Ceragon Investor & Media Contact:
Maya Lustig
Ceragon Networks
Tel. +972-54-677-8100
mayal@ceragon.com
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SOURCE Ceragon Networks Ltd. | https://www.wkyt.com/prnewswire/2022/08/15/ceragon-networks-appoints-ronen-stein-chief-financial-officer/ | 2022-08-15T12:40:52Z | https://www.wkyt.com/prnewswire/2022/08/15/ceragon-networks-appoints-ronen-stein-chief-financial-officer/ | true |
Adrian Oswaldo Sura Reyes, 24, who is a suspect in both a fatal crash and a homicide, is escorted by Pennsylvania State Police troopers from their Shickshinny station after his arrest in Berwick, Pennsylvania, U.S. August 14, 2022.
A man was "speeding up" as he plowed into a crowd at a fundraiser for fire victims in eastern Pennsylvania this weekend, killing one person and injuring 17 others, police said, then drove less than two miles to a neighboring county to fatally attack his mother.
Police on Sunday identified the suspect for both crime scenes as Adrian Oswaldo Sura Reyes, 24, and said he had been arraigned on two counts of criminal homicide. Sura Reyes was denied bail and sent to the Columbia County Correctional Facility, police said.
Shortly after 6 p.m. Saturday in Berwick, Pa., a Honda Accord plowed into a crowded event outside a bar that was raising money for the families of 10 people killed in a fire in neighboring Nescopeck. Sura Reyes, authorities said Sunday, then drove to Nescopeck, where he hit his mother with a car and bludgeoned her with a hammer. Rosa D. Reyes, 56, was pronounced dead at the scene, according to an autopsy report from the Luzerne County Coroner's Office.
"This is a complete tragedy in a community where there's already been tragedy," state trooper Anthony Petroski said at a news conference. "We are going to do our job to the best of our abilities to conduct a thorough investigation not only for the families but for the community members."
On Saturday, Sura Reyes and his mother had gotten into an argument in Nescopeck, according to a criminal complaint. He was "extremely frustrated" while driving after he left his residence, the police document said, telling investigators that he was tired of fighting with her.
Sura Reyes saw people gathered in the parking lot for the fundraiser and drove past them, then turned back "to drive through the crowd of people," according to the document.
About 75 people, including small children, were in the parking lot, police said.
"I didn't ram 'em, I just ran them over," Sura Reyes said during his interview with investigators.
Law enforcement officers arrived at the fundraiser to find several people injured and one dead.
Rebecca Reese was killed at the fundraiser, according to a police criminal complaint. Authorities have not named the people injured. Geisinger Medical Center had treated 15 patients across several of its locations, spokesman Matt Mattei said Sunday evening. Seven remained hospitalized at the Danville facility, with five in critical condition and two in fair condition. Five others had been treated and released.
Three patients were treated at other Geisinger hospitals and released.
The house fire in Nescopeck began in the early morning hours of Aug. 5 in a two-story home. Among those killed were three children who were 5, 6 and 7 years old, according to Pennsylvania State Police. Among the firefighters who responded was Harold Baker, who lost relatives in the blaze.
Community members Saturday rallied together to offer what they could at Intoxicology Department, the bar in Berwick.
Brent Beckley, also known as DJ Kaos, was playing music for the benefit, where nothing was "out of the ordinary." People laughed, children joked around and eventgoers gathered at the dunking tank that was set up to help raise money for victims and their families, recalled Beckley, 32, of Minersville.
"Everyone was having fun," he said.
Beckley was in the crowd, announcing raffle winners, with one of his daughters beside him when he heard a "thud." He turned, saw the car hurtling toward the crowd and pushed back his daughter and two other children near him, he said.
The car struck him, he said.
"I didn't really feel anything until I turned back around and I saw everything," he said.
The scene was "too surreal" - shattered glass littered on the ground and people bleeding on the pavement, said Beckley, who suffered a broken hand, two broken ribs, a fractured collarbone and internal bruising.
Intoxicology Department posted a statement on Facebook saying it would be closed until further notice: "Today was an absolute tragedy. Please respect our privacy while we grieve and try to process the events that occurred. Thank you."
Sura Reyes had a history of violence with his mother. In 2020, he hit her face with her cellphone because she wouldn't let him use the phone, the Press Enterprise reported, citing court records. He was put on probation.
On Saturday, he struck her with the front of his vehicle when he saw her outside after driving back from hitting the crowd, he told police.
A resident nearby, whom police identified as Robert Earl Seely, heard the crash and went to his yard.
"What are you doing?" Seely asked Sura Reyes when he saw him hitting a woman with a hammer, according to the police document.
In response, Sura Reyes said to "get back" while he held up the hammer, the document said. Seely then told his wife to call 911.
After Sura Reyes was detained, reporters recorded video of police escorting him early Sunday. Asked whether he had anything to say, he offered: "Sorry, I'm sorry." | https://www.unionleader.com/news/crime/man-killed-mother-after-fatally-speeding-car-into-crowd-police-say/article_2d171db8-35f8-5584-9206-e8746d9a7c03.html | 2022-08-15T12:41:21Z | https://www.unionleader.com/news/crime/man-killed-mother-after-fatally-speeding-car-into-crowd-police-say/article_2d171db8-35f8-5584-9206-e8746d9a7c03.html | true |
DAYTON, Ohio (WDTN) — Firefighters battled a fire that broke out in an abandoned house this morning in Dayton.
Authorities tell us the fire broke out just before 2:30 a.m. on Yale Avenue.
When crews got on the scene, flames were seen shooting from the roof of the house.
No injuries have been reported, and dispatch tells us an emergency demolition of the home has been requested. | https://www.wdtn.com/news/local-news/fire-crews-battle-abandoned-house-fire/ | 2022-08-15T12:41:31Z | https://www.wdtn.com/news/local-news/fire-crews-battle-abandoned-house-fire/ | false |
TORONTO, Aug. 15, 2022 /PRNewswire/ - Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) ("Auxly" or the "Company") today released its financial results for the three and six months ended June 30, 2022. These filings and additional information regarding Auxly are available for review on SEDAR at www.sedar.com. All amounts are Canadian dollars except common shares ("Shares") and per Share amounts.
- Total net revenues from sale of adult use cannabis in Canada of $27.3 million for the three months ended June 30, 2022, a 31% increase from the same period last year;
- SG&A remained relatively flat quarter-over-quarter as the Company continues to focus its efforts on reducing costs;
- Adjusted EBITDA improved to negative $4.0 million, an improvement of 37% as compared to the previous quarter;
- Auxly Leamington continues to contribute to positive gross margins through low-cost cultivation and increased yields;
- Continued to hold the #1 LP position in Cannabis 2.0 sales nationally as the Company continues to launch new and exciting cannabis products to the Canadian market;
- Successfully launched 27 new SKUs to the Canadian market in the first half of 2022 including five first-to-market products such as Dosecann's CBN capsules and two new unique dried flower strains, Sticky Monkey and Tranquil Elephantizer under Kolab Project;
- Further strengthened the Company's balance sheet with the sale of both Nova Scotia cultivation assets for total proceeds of $10.1 million to date.
Hugo Alves, CEO of Auxly, commented: "We continued to make meaningful progress towards our strategic objectives during Q2. With an increasingly competitive market, we have been able to maintain our position as the #1 LP in cannabis 2.0 sales, driven by our leadership position in the vapour category where we ended the first half of the year as the #1 LP in the category with over 17% share of market. We successfully increased revenues and gross profits during the quarter while maintaining our SG&A spending largely flat. We have also strengthened our balance through the sale of non-core assets for total proceeds of $10.1 million to date, which will support our continued growth. We remained focused on our consumers and their evolving needs and preferences by launching 27 new SKUs during the first half of the year and will continue to prioritize investments in innovations in key growth categories. Finally, as we enter the second half of 2022, we will continue to focus on cost control and margin enhancement through continue process improvements and investments in automation to further support our key objective of Adjusted EBITDA profitability in 2022."
For the three and six months ended June 30, 2022, net revenues were $27.3 million and $50.0 million as compared to $20.9 million and $30.0 million during the same period in 2021, an improvement of 31% and 66% respectively. Revenue in the second quarter of 2022 was comprised of approximately 40% in sales of dried flower and pre-roll Cannabis Products, with the remainder from oils and Cannabis 2.0 Product sales. Net revenues improved from the Company's expansion of its Cannabis 1.0 Products and continued leadership in Cannabis 2.0 Products. Consistent with prior periods, as the Company does not participate in the Quebec market, approximately 85% of cannabis sales during the second quarter of 2022 originated from sales to British Columbia, Alberta and Ontario.
Auxly realized a gross profit of $9.8 million and $13.5 million for the three and six months ending June 30, 2022 resulting in a 36% and 27% Gross Profit Margin1 respectively, as compared to $8.0 million (38%) and $10.3 million (34%) during the same periods in 2021. Cost of Finished Cannabis Inventory Sold Margin1 was 25%, 12% lower than the same period of 2021, however 2% greater than the first quarter of 2022.
Following the acquisition of Auxly Leamington in November 2021, the Company recognizes gross profit or loss from Auxly Leamington as part of the costs of finished cannabis inventory sold only as product is sold to the Company's customers after being further processed by Auxly Ottawa or Auxly Charlottetown. Realized and unrealized fair value gains and losses reflect accounting treatments associated with Auxly Leamington cultivation and sales. The positive impact on gross profit is the result of a significant reduction in cultivation costs and increased product availability. Prior to the acquisition of Auxly Leamington, the net operating results of Auxly Leamington were recorded in other income and expenses on an equity basis in proportion to the Company's ownership in the joint venture.
Biological and inventory impairments during the current period of $1.8 million are primarily a result of the write-off of certain third-party products, with year-to-date charges of $7.4 million inclusive of the closures of the Auxly Annapolis and Auxly Annapolis OG facilities.
Selling, general and administrative expenses ("SG&A") are comprised of wages and benefits, office and administrative, professional fees, business development, and selling expenses. SG&A expenses were $12.9 million during the second quarter of 2022, in line with the previous quarter and $1.8 million greater than the second quarter of 2021 primarily due to the inclusion of Auxly Leamington in 2022. Year-to-date expenditures of $25.6 million in 2022 are $5.5 million greater than the same period in 2021 primarily due to the addition of Auxly Leamington and expenditures associated with increased revenues.
Wages and benefits were $5.1 million during the second quarter of 2022, approximately $0.4 million higher than the same period of 2021, primarily due to the addition of Auxly Leamington partially offset by reductions associated with the Auxly Annapolis and Auxly Annapolis OG closures. Year-to-date expenditures of $10.7 million were higher than those of $8.9 million during the same period of 2021. The increases relate to the inclusion of Auxly Leamington and workforce additions to support dried flower and pre-roll sales, partially offset by cost reductions from the closure of the Auxly Annapolis and Auxly Annapolis OG facilities.
Office and administrative expenses were $2.6 million during the current quarter, decreasing by $1.0 million compared to the same period in 2021. The decreased expenditures primarily relate to higher product cost absorption, reduced waste and the timing and cost associated with product innovation. For the first six months of 2022 expenditures were $6.2 million, approximately $0.5 million below the same period of 2021 reflecting reductions in the current quarter partially offset by the addition of Auxly Leamington.
Auxly's professional fees were $1.1 million during the second quarter of 2022 and $1.5 million year-to-date which were $0.4 million greater than the same periods in 2021. Professional fees incurred during the period primarily related to accounting fees, regulatory matters, reporting issuer fees, and legal fees associated with certain corporate activities.
Business development expenses were $0.1 million for the three months ended June 30, 2022 and $0.2 million after six months, as compared to $Nil during the same periods in 2021. These expenses were nominal during the COVID-19 pandemic and primarily relate to acquisition, business development and travel related expenses which have increased modestly as a result of loosening restrictions and the resumption of business travel.
Selling expenses were $4.1 million for the three months ended June 30, 2022 and $7.0 million year-to-date, increases of $2.1 million and $3.6 million over the same periods in 2021, as a result of cannabis sales activities comprised of brokerage fees earned by Kindred, Health Canada fees related to higher revenues, and increased marketing initiatives for Cannabis Products.
Equity-based compensation for the three and six months ended June 30, 2022 was $2.9 million and $3.1 million respectively. During the same periods of 2021 these amounts were $1.0 million and $1.2 million. The charges for the current quarter reflects the impact of prior option grants and restricted share units ("RSU") granted in June 2022, in respect of services provided by employees in 2021. The expense related to options is primarily a function of the number of grants, the weighted average aging of the grants and the share price at the time of grant. The RSU charge is primarily determined by the number of units granted, vesting periods and forfeiture assumptions, and the Share price at the time of grant.
Depreciation and amortization expenses were $3.9 million for the period ended June 30, 2022, and $8.5 million year-to-date increasing by $1.7 million and $3.9 million respectively over the same periods in 2021. The increase in expense during the current period is primarily related to additional capital expenditures and inclusion of Auxly Leamington in 2022.
Interest expenses were $5.3 million and $10.4 million for the three and six months ended June 30, 2022, an increase of $0.5 million and $1.0 million over the same periods in 2021 primarily as a result of the inclusion of Auxly Leamington. Interest expense includes accretion on the convertible debentures and interest paid in kind on the $123 million Imperial Brands Debenture. Interest payable in cash was approximately $1.6 million for the current quarter.
Total other incomes and losses for the quarter were a net gain of $0.9 million inclusive of gains related to the sale of Auxly Annapolis and the extension of the unsecured convertible debentures, partially offset by other losses, as compared to a gain of $3.1 million during the same period in 2021, which were primarily driven in 2021 by a gain on the Imperial Brands Debenture extension agreement partially offset by an impairment related to the sale of a non-core asset.
Total other incomes and losses for the six months ending June 30, 2022 of $23.1 million include the first quarter losses associated with the closure of the Auxly Annapolis and Auxly Annapolis OG facilities where the carrying value exceeds the fair value less cost to sell.
The share of losses on investment in joint venture during 2021 represented the Company's proportionate share of Auxly Leamington's earnings prior to its acquisition in November 2021, which results are presently consolidated into the Company's financial statements.
Auxly is exposed to foreign exchange fluctuations from the U.S. dollar to CAD dollar exchange rate primarily related to inventory, capital purchases and Inverell net assets. During the current period ended June 30, 2022, the Company reported a foreign exchange gain of $0.6 million as compared to a loss of $0.6 million during the same period of 2021.
Net losses attributable to shareholders of the Company were $14.3 million for the three months ended June 30, 2022, representing a net loss of $0.02 per share on a basic and diluted basis. The net loss of $54.1 million through six months of 2022 includes the net impact of approximately $25.7 million related to the closure of the Auxly Annapolis and Auxly Annapolis OG facilities during the first quarter of 2022.
Adjusted EBITDA during the three months ended June 30, 2022 was negative $4.0 million, a decrease from the same period of 2021, however, improved by approximately $2.0 million over the most recent quarters.
On May 27, 2021, the Company announced that it had reached an agreement to sell KGK to Myconic Capital Corp. (now Wellbeing Digital Sciences Inc.) ("Wellbeing"), and on June 2, 2021, completed the sale of KGK to Wellbeing. As a result of the sale, results from operations and cash flows from KGK have been presented as discontinued operations, as applicable, on a retrospective basis.
In 2022, Auxly remains committed to building on its success as a Canadian market leader. The Company plans to drive organic growth through continued innovation, increased brand traction, and ubiquitous distribution, while prioritizing operational efficiencies and profitability. The Company's high-level objectives for 2022 are:
- Improve revenue and Gross Profit Margin to achieve positive Adjusted EBITDA
- Win with consumers and increase brand traction
During the second quarter the Company made positive progress towards its strategic objectives. Despite operating in a challenging macroeconomic environment, the Company increased revenues and gross profits during the quarter. Coupled with largely flat SG&A spending, Auxly improved its Adjusted EBITDA by approximately 34% since the fourth quarter of 2021, bringing it closer to its objective of Adjusted EBITDA profitability in 2022.
The Canadian cannabis industry continues to evolve at an extraordinary pace. The challenges posed by increasing competition and fragmentation; oversupply of cannabis; high taxation and price compression have been exacerbated by inflation, global supply chain disruptions, and constrained capital markets. While the Company's share of market decreased across certain product categories during the quarter, it will continue to pursue growth in key categories by continuing to deliver high-quality, innovative products to our consumers.
Auxly remains focused on cost control and margin enhancement through continued process improvements and investments in automation. Auxly Leamington has quickly become one of the lowest cost cultivation facilities in Canada. The improvements made at Auxly Leamington positively impacted consolidated operating results through reduced cultivation costs and increased flower quality and availability. Further, the Company anticipates an increase in its dried flower and pre-roll capabilities, commencing in Q3, 2022 as its new automation equipment is commissioned and comes online, enabling it to continue to meet consumers growing demands for its expanding flower portfolio.
The Company has and will continue to put its consumers first by delivering safe, effective, high-quality products that address their evolving needs and preferences and help them live happier lives. The Company continues to be leaders in product innovation and during the quarter successfully launched 17 new SKUs, each delivering strong early performance. Auxly has now launched a total of 27 new SKUs in 2022 and will continue prioritizing investments in innovation in key growth categories. Finally, through its continued focus on insights-driven innovation, product quality and targeted marketing efforts, the Company's brands continue to gain the trust and loyalty of its consumers which allowed it to maintain leading market share positions in its key product categories.
Please see the Company's MD&A dated June 30, 2022, under "Non-GAAP Measures" for a further description of the following financial and supplementary financial measures.
These are non-GAAP measures used in the cannabis industry and by the Company to assess operating performance removing the impacts and volatility of non-cash and other adjustments. The definition may differ by issuer. The Adjusted EBITDA reconciliation is as follows:
Gross Profit Margin
"Gross Profit Margin" is defined as gross profit divided by net revenues. Gross Profit Margin is a supplementary financial measure.
Cost of Finished Cannabis Inventory Sold Margin
"Cost of Finished Cannabis Inventory Sold Margin" is a supplementary financial measure and is defined as Cost of Finished Cannabis Inventory Sold divided by net revenues.
"Debt" is defined as current and long-term debt and is a supplementary financial measure. It is a useful measure in managing our capital structure and financing requirements.
Auxly's management team will host a conference call today, Monday August 15, 2022, at 10:00 a.m. EST to discuss its financial results. Participants can access the conference call by telephone by dialing: 888-664-6383 or by audio webcast at: https://app.webinar.net/ZxQ6J3oJ7nd.
For those unable to participate in the conference call at the scheduled time, it will be available for replay on the Company's website within 24 hours after the conclusion of the call.
ON BEHALF OF THE BOARD
"Hugo Alves" CEO
Auxly is a leading Canadian consumer packaged goods company in the cannabis products market, headquartered in Toronto, Canada. The Company's focus is on developing, manufacturing and distributing branded cannabis products that delight wellness and recreational consumers and deliver on its consumer promise of quality, safety and efficacy.
Learn more at www.auxly.com and stay up to date at Twitter: @AuxlyGroup; Instagram: @auxlygroup; Facebook: @auxlygroup; LinkedIn: company/auxlygroup/.
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. This information is only a prediction. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking information includes, but is not limited to: the proposed operation of Auxly, its subsidiaries and partners; the intention to grow the business, operations and existing and potential activities of Auxly; the Company's response to the COVID-19 pandemic; the impact of the COVID-19 pandemic on the Company's current and future operations; the Company's execution of its innovative product development, commercialization strategy and expansion plans; the Company's intention to introduce innovative new cannabis products to the market and the timing thereof; the anticipated benefits of the Company's partnerships, joint ventures, research and development initiatives and other commercial arrangements; the anticipated benefits of the Company's acquisition of Auxly Leamington; the expectation and timing of future revenues and of positive Adjusted EBITDA; expectations regarding the Company's expansion of sales, operations and investment into foreign jurisdictions; future legislative and regulatory developments involving cannabis and cannabis products; the timing and outcomes of regulatory or intellectual property decisions; the relevance of Auxly's subsidiaries' current and proposed products with provincial purchasers and consumers; consumer preferences; political change; competition and other risks affecting the Company in particular and the cannabis industry generally.
A number of factors could cause actual results to differ materially from a conclusion, forecast or projection contained in the forward-looking information in this release including, but not limited to, whether: the Company will be able to execute on its business strategy; Auxly's subsidiaries and partners are able to obtain and maintain the necessary governmental and regulatory authorizations to conduct business; the Company is able to successfully manage the integration of its various business units with its own; there are not materially more closures or lockdowns related to the COVID‐19 pandemic; the Company's subsidiaries and partners obtain and maintain all necessary governmental and regulatory permits and approvals for the operation of their facilities and the development of cannabis products, and whether such permits and approvals can be obtained in a timely manner; the Company will be able to successfully integrate Auxly Leamington's operations with its own, and whether the expected benefits of the acquisition materialize in the manner expected, or at all; the Company will be able to successfully launch new product formats and enter into new markets; there is acceptance and demand for current and future Company products by consumers and provincial purchasers; the Company will be able to increase revenues and achieve positive Adjusted EBITDA; and general economic, financial market, legislative, regulatory, competitive and political conditions in which the Company and its subsidiaries and partners operate will remain the same. Additional risk factors are disclosed in the annual information form of the Company for the financial year ended December 31, 2021 dated March 30, 2022.
New factors emerge from time to time, and it is not possible for management to predict all of those factors or to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The forward-looking information in this release is based on information currently available and what management believes are reasonable assumptions. Forward-looking information speaks only to such assumptions as of the date of this release. In addition, this release may contain forward-looking information attributed to third party industry sources, the accuracy of which has not been verified by the Company. The forward-looking information is being provided for the purposes of assisting the reader in understanding the Company's financial performance, financial position and cash flows as at and for periods ended on certain dates and to present information about management's current expectations and plans relating to the future, and the reader is cautioned that such forward-looking information may not be appropriate for any other purpose. Readers should not place undue reliance on forward-looking information contained in this release.
The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.
Neither Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
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VANCOUVER, BC, Aug. 15, 2022 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce the successful completion of the previously announced acquisition of Nomad Royalty Company Ltd. (NYSE: NSR) (TSX: NSR) ("Nomad") pursuant to a plan of arrangement under the Canada Business Corporations Act (the "Acquisition").
Sandstorm issued approximately 74.4 million common shares of the Company ("Sandstorm Shares") to former Nomad shareholders equal to an exchange ratio of 1.21 Sandstorm Shares for each common share of Nomad (each, a "Nomad Share"). The Company's shareholders approved the share issuance for the Acquisition at its special meeting of shareholders on August 9, 2022 (see press release dated August 9, 2022). The Sandstorm Shares issued pursuant to the Acquisition are expected to be listed and posted for trading on the Toronto Stock Exchange and New York Stock Exchange. With completion of the Acquisition, existing Sandstorm and former Nomad shareholders are expected to own approximately 73% and 27% of the outstanding shares of the pro forma Sandstorm, respectively1.
In conjunction with the previously announced closing of the BaseCore transaction (together with the Acquisition, the "Transactions") (see press releases dated May 2, 2022, and July 12, 2022) the Transactions are expected to provide several benefits to Sandstorm, including:
- Substantial increase in size and scale cementing Sandstorm's status as the highest-growth2 and most liquid mid-tier royalty and streaming company;
- Adds high-quality and low-cost assets with precious metals focus resulting in Sandstorm's expected revenue to be nearly 90% precious metals3 in 2025;
- Highest growth amongst peers4 where production is expected to grow more than 85% between 2022 and 2025;
- Industry-leading portfolio diversification with a resulting portfolio of 250 streams and royalties, of which 39 of the underlying assets are cash-flowing and no asset contributing more than 15% to the Company's consensus net asset value; and
- Bolsters financial strength and capital markets profile with a strong balance sheet, increased public float, liquidity, and access to capital, Sandstorm is expected to have a greater capacity to pursue further growth and return capital to Sandstorm shareholders.
Nolan Watson, President & CEO of the Company, remarked, "The completion of the Nomad Acquisition is another exciting milestone for Sandstorm shareholders this year. We began 2022 with a bold vision for Sandstorm and this is the next step in the growth strategy for the Company. We welcome the new shareholders of Sandstorm and appreciate your support as we continue to grow and build Sandstorm into the go-to precious metals royalty and streaming royalty company."
For more information about the details of the Acquisition, see the Company's press release dated May 2, 2022 and the Company's management information circular dated July 11, 2022.
The Company intends to cause Nomad to delist the Nomad Shares from the Toronto Stock Exchange, New York Stock Exchange and Frankfurt Stock Exchange, and to delist Nomad's listed warrants from the Toronto Stock Exchange. An application has been made for Nomad to cease to be a reporting issuer in all of the provinces of Canada. An application will also be made for Nomad to terminate its reporting obligations in the United States.
Certain securities issued pursuant to and under the Plan of Agreement are to be issued in reliance upon available exemptions from such registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
For more information about Sandstorm Gold Royalties, please visit our website at www.sandstormgold.com or email us at info@sandstormgold.com.
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. Sandstorm holds 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.
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.
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, expectations regarding the delisting of the Nomad Shares and Nomad's listed warrants; expectations regarding Nomad's reporting issuer status following completion of the Acquisition; expectations regarding the listing of Sandstorm Shares issued under the Acquisition on the Toronto Stock Exchange and New York Stock Exchange; expectations regarding the potential benefits and synergies of the Transactions and the ability of Sandstorm post-completion of the Transactions to successfully achieve business objectives, including integrating the companies or assets or the effects of unexpected costs, liabilities or delays; expectations regarding the growth potential of Sandstorm including in scale and production and the anticipated benefits of the Transactions; expectations regarding financial strength, trading liquidity, and capital markets profile; 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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Upgraded Product Simplifies Logistics, Achieves Unified Network Operations for U.S. Defense
AUGUSTA, Ga., Aug. 15, 2022 /PRNewswire/ -- CodeMettle, an innovative developer of NetOps software, today announced the launch of Terminus 2.0 at TechNet Augusta 2022. Developed with a strategic focus on Warfighter requirements, Terminus 2.0 is the only commercial grade software developed from the ground up to manage and control tactical diverse communications nodes at scale in contested and congested networks.
"Tactical DoD networks are critical infrastructure that need to adapt to changes at the speed of battle," said Richard Graham, CEO of CodeMettle. "Terminus 2.0 was built in collaboration with soldiers, for soldiers. It is a complete nodal management product designed to make the stand-up and operation of any tactical node simple. Terminus 2.0 has been designed to meet or exceed the Army's known objectives for Unified Network Operations at the tactical edge."
CodeMettle software simplifies node management by reducing the software tools and the cognitive load required to run the network at the tactical edge. Terminus 2.0 is designed to be run out-of-the-box by relatively untrained soldiers with little experience. Because of this, soldiers operating with Terminus 2.0 can more quickly and easily than ever before stand up and run a node for critical communications services at the edge.
In the 2.0 release, Terminus is now compatible with any baseband kit out the box, i.e., it manages baseband systems with no specialized configuration required. In 2.0, the process of setting up systems has been streamlined to lower training requirements and accelerate node setup. The UI is built to the Google Material UI standard, making it intuitive for anyone to use, enhanced by a visualization technique called progressive disclosure to expose only what is needed, when it is needed to simplify node operations.
CodeMettle serves defense, government and commercial partners through innovative and scalable commercial software products. Our agile solutions solve the most complex data integration, network operations and process challenges. Headquartered in Atlanta, Georgia, CodeMettle provides a suite of distributed and scalable Network Operations products that enable enterprises to analyze, organize and consolidate complex data, processes and operations. Learn more.
Contact:
Joyce Bosc
On behalf of CodeMettle
(301) 717-9529
jbosc@boscobel.com
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SOURCE CodeMettle | https://www.weau.com/prnewswire/2022/08/15/codemettle-launches-terminus-20-technet-augusta-2022/ | 2022-08-15T12:47:21Z | https://www.weau.com/prnewswire/2022/08/15/codemettle-launches-terminus-20-technet-augusta-2022/ | false |
One in seven restaurants in the City of London have been forced to close since the start of pandemic as workers continue to shun the office in favour of working from home.
The lack of commuters has resulted in lacklustre weekday trade in the Square Mile as the traditional business lunch increasingly falls by the wayside.
At least 14 per cent of hospitality premises have been forced to shut due to a major decline in footfall, research by AlixPartners and industry tracker CGA indicates.
The drop is not restricted to the UK capital, with Birmingham also noting the number of licensed premises falling by 14 per cent and Glasgow hit by a 10 per cent reduction.
Before the pandemic, the City — London's historic commercial centre — attracted more than half a million commuters a day.
But the pandemic saw a boom in working from home and many employers in the area have adapted to hybrid working, often requiring only three days in the office a week.
Footfall has dropped by a third on some days during this summer compared with pre-pandemic levels, according to data from Google.
Many high-profile venues in London have been closed since 2020, including Mark Hix's Oyster and Chop House and Kym's, a venture by chef Andrew Wong.
Restaurants, bars and cafes bore the brunt of stringent Covid-19 measures and must now grapple with a soaring cost-of-living crisis in which inflation is up to nearly 10 per cent.
Graeme Smith, managing director at consultancy AlixPartners, said “given the catastrophic events of the past two years, numbers have held up well”.
Profit has also been hit by staff shortages in the hospitality sector. Many of London's restaurant workers are from Europe but now require work visas after Brexit brought an end of freedom of movement.
Recent figures by the Office for National Statistics showed only 43,000 EU citizens received visas for work, family, study or other purposes in 2021.
That figure is significantly down from the 230,000 to 430,000 EU citizens coming to the UK annually in the six years to March 2020.
A report by the University of Oxford's Migration Observatory found that increased retirement among the over-50s and a tight labour market across the continent were also contributing to the problem.
“While it is clear that ending free movement has made it harder for employers in low-wage industries to recruit staff, changing immigration policy to address shortages brings its own set of challenges,” said Madeleine Sumption, director of the MO.
Low-wage work visa schemes are notoriously difficult to monitor and often open workers up to exploitation and abuse, she said.
She said "immigration policy is a bit of blunt instrument" when it comes to labour shortages and there was a "real trade-off between responding quickly and being evidence-based".
She said: “If the government wants a system that is evidence-based, it can’t be expected to respond at short notice to the latest crisis, whether the problem is airports, lorry drivers, the pork industry or something else.” | https://www.thenationalnews.com/Business/UK/2022/08/15/city-of-london-loses-14-of-restaurants-as-work-from-home-bites-business-lunch-culture/ | 2022-08-15T12:47:48Z | https://www.thenationalnews.com/Business/UK/2022/08/15/city-of-london-loses-14-of-restaurants-as-work-from-home-bites-business-lunch-culture/ | true |
LOS ANGELES, Aug. 15, 2022 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Unilever PLC ("Unilever" or "the Company") (NYSE: UL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between September 2, 2020 and July 21, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before August 15, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Unilever failed to disclose the fact that in July 2020, the board of Ben & Jerry's, a Unilever subsidiary, passed a resolution to end the sales of its ice cream in what it labeled "Occupied Palestinian Territory." The Company also failed to disclose the risks associated with this decision to investors. The Company claimed to comply with all applicable laws and regulations, but failed to discuss the Ben & Jerry's decision, which risked violations of laws, executive orders, or resolutions aimed at discouraging boycotts, divestment, and sanctions of Israel adopted by 35 U.S. states ("Anti-BDS Legislation"). Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Unilever, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
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NEW YORK — The Brad Pitt action film “Bullet Train” led all movies in ticket sales for a second straight weekend, according to studio estimates Sunday, while a quiet spell in theaters and incredible staying power allowed “Top Gun: Maverick” to rocket back into third place in its 12th week of release.
After launching the previous weekend with about $30 million at the box office, “Bullet Train” pulled in $13.4 million in its second go-around. David Leitch's assassin-crowded film, made for $90 million, has grossed $54.4 million in two weeks for Sony Pictures. Globally, “Bullet Train” has grossed $114.5 million.
Three new films went into wide release but none cracked the top five films. The slowdown — an expected but still acute late-summer downturn in big releases — gave plenty of airspace for the year's biggest movie, “Maverick,” to make another fly-by in theaters.
Nearly three months after opening in May, Paramount Pictures put the “Top Gun” sequel back on a number of large-format screens and increased its theater count from 2,760 to 3,181. It came away with $7.2 million, bringing its cumulative total to $673.8 million. Paramount's biggest smash ever, “Maverick” sits at seventh all-time in domestic box office, not accounting for inflation, right above “Titanic" and just below “Avengers: Infinity War."
The uncommonly long run for “Top Gun: Maverick” is even rarer at a time when studios have shrunk theatrical windows, typically sending movies to streaming services after about 45 days in theaters.
“Top Gun: Maverick” was very narrowly edged for second place by Warner Bros.' “DC League of Super-Pets.” Warner Bros. estimated Sunday that its animated movie took in $7.17 million in its third week of release, just a nose above the $7.15 million for “Maverick." Final figures Monday should break the near-tie.
But while “Top Gun: Maverick” has been a boon to theaters recovering from the pandemic, the thinly scheduled dog days of August — and potentially a chunk of September — will pose a test to the industry. This weekend, the biggest new film in nationwide theaters was A24's “Bodies Bodies Bodies,” a Gen Z horror comedy that expanded to 1,269 locations after last week's opening in limited release. It came in eighth with $3.3 million.
Lionsgate's “The Fall,” about two friends stranded atop a 2,000-foot radio tower, debuted with $2.5 million. Diane Keaton’s body-swap comedy “Mack & Rita" opened with just $1 million in ticket sales for Gravitas Ventures.
In overall sales it was the lowest ticket-selling weekend of the summer. With few new wide releases on tap — including two Idris Elba titles: the safari thriller “Beast” (Aug. 19) and George Miller's “Three Thousand Years of Longing” (Aug. 26) — moviegoing is likely to slow further in the coming weeks.
Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Comscore. Final domestic figures will be released Monday.
1. "Bullet Train," $13.4 million.
2. “DC League of Super-Pets,” $7.2 million
3. “Top Gun: Maverick,” $7.2 million.
4. “Thor: Love and Thunder,” $5.3 million.
5. “Nope,” $5.3 million.
6. “Minions: The Rise of Gru,” $4.9 million.
7. “Where the Crawdads Sing,” $4 million.
8. “Bodies Bodies Bodies,” $3.3 million.
9. “Elvis,” $2.6 million.
10. “Fall,” $2.5 million. | https://www.wthr.com/article/news/nation-world/top-films/507-eba17d4f-a4ed-40c9-b058-aba014883a7f | 2022-08-15T12:48:21Z | https://www.wthr.com/article/news/nation-world/top-films/507-eba17d4f-a4ed-40c9-b058-aba014883a7f | true |
NEW YORK (AP) — The founder of a leading grant program for women’s artists will be honored by the MacDowell artists’ retreat this fall. Visual artist Susan Unterberg has been named this year’s winner of the Marian MacDowell Arts Advocacy Award, cited for her leadership of Anonymous Was a Woman.
“As an artist, I am very aware of the challenges faced by mid-career artists, especially women, and I celebrate the support provided by places like MacDowell, which give artists time, space, and recognition,” Unterberg said of MacDowell in a statement Sunday.
“Direct support is what most effectively impacts artists and our work; I am thankful to be recognized in contributing to this support, which is best exemplified by the 265 artists who have received AWAW Awards to date,” she said.
Unterberg started AWAW in 1996, and kept her identity hidden for more than 20 years, as a way of highlighting the anonymity of so many women in the arts. The expression is based on an observation by Virginia Woolf, who once noted that many anonymous poems turned out to be written by women. AWAW has given out nearly $7 million in grants, awarding $25,000 each to visual artist Carrie Mae Weems and Oscar-winning filmmaker Laura Poitras among many others.
Unterberg will be formally honored Oct. 17 at a MacDowell benefit in Manhattan, where Rosanne Cash is scheduled to perform.
The venerable artist retreat in Peterborough, New Hampshire, was founded in in 1907 by composer Edward MacDowell and his wife, the musician and philanthropist Marian MacDowell. | https://www.cbs42.com/entertainment/ap-entertainment/susan-unterberg-honored-by-macdowell-for-her-arts-advocacy/ | 2022-08-15T12:48:31Z | https://www.cbs42.com/entertainment/ap-entertainment/susan-unterberg-honored-by-macdowell-for-her-arts-advocacy/ | true |
- The deadline to vote is at 10:00 am (Pacific Time) on Friday, August 26, 2022.
- For any questions, please contact Alexco's proxy solicitation agent and communications advisor, Laurel Hill Advisory Group, toll free at 1-877-452-7184 (+1-416-304-0211 outside North America) or email assistance@laurelhill.com.
VANCOUVER, BC, Aug. 15, 2022 /PRNewswire/ - Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") is pleased to announce that a leading independent proxy advisory firm, Institutional Shareholder Services Inc. ("ISS") has recommended Alexco shareholders ("Alexco Shareholders") vote "FOR" the proposed acquisition of Alexco by 1080980 B.C. Ltd. ("108"), a subsidiary of Hecla Mining Company ("Hecla") at the upcoming special meeting of securityholders to be held on Tuesday, August 30, 2022, at 10:00 a.m. (Pacific Time) (the "Meeting").
At the Meeting, securityholders will be asked to consider and, if deemed advisable, pass a special resolution (the "Arrangement Resolution") to approve an arrangement (the "Arrangement"), in accordance with the terms of an arrangement agreement entered into by the Company and Hecla on July 4, 2022, as assigned and amended (the "Arrangement Agreement") pursuant to which 108 will acquire all of the issued and outstanding common shares of Alexco (the "Alexco Share") that it does not already own by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia). Under the terms of the Arrangement, shareholders will receive 0.116 common shares in the capital of Hecla for each Alexco Share held.
ISS is a leading independent, third-party proxy advisory firm who, among other services, provides proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.
In their report ISS stated: "The transaction makes strategic sense as shareholders will benefit from jurisdictional and project risk diversification, enhanced financing capacity and access to capital, and the benefits conferred by a consolidation of assets with Hecla."
Alexco's Meeting will be conducted at:
The meeting materials have been filed by the Company on SEDAR and EDGAR and are available under the Company's profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. The meeting materials are also available on the Company's website at Alexco - Investors - Special Meeting of Shareholders (https://alexcoresource.com/investors/special-meeting-of-shareholders/).
Due to the essence of time, Alexco securityholders are encouraged to vote online or by telephone.
For any questions or assistance with voting, Alexco securityholders can contact the Company's proxy solicitation agent, Laurel Hill Advisory Group:
North America Toll Free: 1-877-452-7184
Outside North America: 1-416-304-0211
Email: assistance@laurelhill.com
Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho and Quebec, Canada, the Company owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.
Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District in Canada's Yukon Territory, one of the highest-grade silver mines in the world.
Website: www.alexcoresource.com
Some statements ("forward-looking statements") in this news release contain forward-looking information concerning Alexco's Meeting, Alexco's anticipated results and developments in Alexco's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future, made as of the date of this news release. Forward-looking statements may include, but are not limited to, statements regarding the Meeting, statements with respect to the consummation and timing of the transaction; approval by securityholders; the satisfaction of the conditions precedent to the transaction; and timing, receipt and anticipated effects of court, regulatory and other consents and approvals. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors, which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, the risk that the Arrangement may not close when planned or at all or on the terms and conditions set forth in the Arrangement Agreement; the failure of the Company and Hecla to obtain the necessary regulatory, court, securityholder, and other third-party approvals, or to otherwise satisfy the conditions to the completion of the Arrangement, in a timely manner, or at all, may result in the Arrangement not being completed on the proposed terms, or at all; changes in laws, regulations and government practices; if a third party makes a Superior Proposal (as defined in the Arrangement Agreement), the Arrangement may not be completed and the Company may be required to pay the Termination Fee (as defined in the Arrangement Agreement); if the Arrangement is not completed, and the Company continues as an independent entity, there are risks that the announcement of the Arrangement and the dedication of substantial resources of the Company to the completion of the Arrangement could have an impact on the Company's current business relationships and could have a material adverse effect on the current and future operations, financial condition and prospects of the Company; future prices of silver, gold, lead, zinc and other commodities; market competition; and the geopolitical, economic, permitting and legal climate that we operate in. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, assumptions as to the ability of Alexco and Hecla to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court, securityholder and other third party approvals; the satisfaction of the conditions to closing of the Arrangement in a timely manner and completion of the Arrangement on the expected terms; the expected adherence to the terms of the Arrangement Agreement and agreements related to the Arrangement Agreement; the adequacy of our and Hecla's financial resources; favourable equity and debt capital markets; and stability in financial capital markets. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
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SOURCE Alexco Resource Corp. | https://www.weau.com/prnewswire/2022/08/15/independent-proxy-advisory-firm-iss-recommends-alexco-shareholders-vote-proposed-transaction-with-hecla/ | 2022-08-15T12:49:42Z | https://www.weau.com/prnewswire/2022/08/15/independent-proxy-advisory-firm-iss-recommends-alexco-shareholders-vote-proposed-transaction-with-hecla/ | true |
IRVINE, Calif., Aug. 15, 2022 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the "Company," "ATIF" or "We"), a holding company providing business and financial consulting services in Asia and North America, is pleased to announce that the Company's IPO advisory services client and investment holding company Armstrong Logistic Inc. ("Armlogi"), a leading freight forwarding and logistics company in U.S., has recently seen strong growth in performance. Under the terms of the investment agreement between Armlogi and the Company, ATIF holds a 12.0% equity stake in Armlogi.
Armlogi is leading international intelligent warehouse logistics service provider, including warehouse distribution, 3PL fulfillment, and multi-channel fulfillment services, self-employed logistics company, customs clearance company and freight car company serving the Port of Los Angeles, San Diego, LAX, and all major access routes to and from Southern California. Armlogi's certified logistics and warehousing is located in City of Industry, CA; Houston, TX; and Florence, NJ, with 1,500,000 sq ft of space that is full-service EDI (Electronic Data Interchange) Compliant. Armlogi's Multi-Channel Fulfillment (MCF) service integrates with Amazon, Ebay, FedEx, Jet, Groupon, Shopify, Walmart, Wayfair, Woo Commerce, and other leading platforms, supporting 96% online e-commerce platform fulfillment.
Warehousing and logistics companies have had to adapt and evolve to changing market trends and the growing need for accelerated deliveries. In the face of the impact of inflation on the freight forwarding and logistics industry this year, Armlogi has developed flexible operational strategies. Through an assessment of its own inventory levels, warehousing capacity, utilization rates and transportation capabilities, Armlogi adopted strategies such as cutting unnecessary costs and introducing new growth opportunities, and effectively delivered very strong performance.
A growing number of enterprises are showing higher reliance towards outsourcing various logistics functions including transportation, warehousing, and distribution, thus fueling growth in the 3PL market. According to data from Statista, in the past 10 years, the 3PL market revenue has doubled over the last 10 years, increasing from $127.5 billion to $260.2 billion from 2010 to 2021, growing at a CAGR of 2.8%. According to MDC Research, the global 3PL market is expected to reach $2,275.6 billion at a CAGR of 8.9% by 2030.
Jun Liu, President, Chairman of the Board, and CEO of ATIF, commented, "We appreciate the innovations and rapid shifts of Armlogi's operations and are very pleased with its strong financial performance. As far as we understand it, Armlogi's revenues for the first quarter of 2022 alone exceeded 50% of total revenues in 2021 and revenues for the full year 2022 are expected to jump three to four times year over year! We expect Armlogi to continue its strong impetus and to deliver high returns for us and our shareholders in its future IPO."
About ATIF Holdings Limited
ATIF Holdings Limited ("ATIF") is a Los Angeles-based comprehensive financial group with wholly owned and operated subsidiaries: ATIF-1 hedge funds company, ATIF equity investing company, ATIF IPO advisory company, and the integrated financial services network platform www.IPOEX.com. ATIF is dedicated to providing international asset securitization services, as well as equity investment and asset management services to companies around the world. ATIF was awarded the "Top 10 Best Listed Companies 2019" from the "Golden Bauhinia Award," the highest award in Hong Kong's financial and securities industry. For more information, please visit https://ir.atifchina.com/.
To learn more about IPOEX, our financial services platform, please visit: https://www.ipoex.com/
For more information about NFTDPO, our NFT service division, please visit https://nftdpo.com/.
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Forward-Looking Statements
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantee of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, income, expenditures, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new clients, complete projects for clients, and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting services industry; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company's ability to continue successful development and launch of its NFT collection; the possibility that the Company may not succeed in developing its NFT platform and business due to, among other things, changes in the business environment, competition, changes in governmental regulation, or other economic and policy factors; the ability of the Company to continue compliance with the development of applicable regulatory regulations in connection with blockchain, digital assets and the NFT industry; the possibility that the Company's ongoing NFT services may be adversely affected by other economic, business, and/or competitive factors; and other factors listed in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release.
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SOURCE ATIF Holdings Limited | https://www.valleynewslive.com/prnewswire/2022/08/15/atifs-investment-international-logistics-services-company-shows-strong-growth/ | 2022-08-15T12:50:51Z | https://www.valleynewslive.com/prnewswire/2022/08/15/atifs-investment-international-logistics-services-company-shows-strong-growth/ | false |
SAN FRANCISCO, August 15, 2022 /PRNewswire/ -- Newfront, a tech-enabled, full-service brokerage, participated in the William Blair 5th Annual Insurance Technology Conference earlier this month. CEO and Co-Founder Spike Lipkin spoke during a panel discussion focusing on Upgrading Distribution in the industry.
"Technology is rapidly changing the landscape of the insurance industry," said Spike. "Newfront is proud to blaze a trail as we build the modern insurance experience, combining our industry expertise and carrier relationships with technology."
Spike was joined by other industry leaders to discuss where data makes a difference in insurance and making consumer engagement more efficient with tech stacks.
This year's virtual conference experience offered a series of live panel discussions with experts that are shaping the insurance and banking landscape while driving technology adoption in today's highly dynamic global environment. Attendees included a mix of institutional investors and industry executives.
Newfront is transforming the delivery of risk management, employee experience, insurance, and retirement solutions by building the modern insurance platform. Transparent data delivered real-time translates into a lower total cost of risk and greater insights. Newfront makes insurance work for you.
Headquartered in San Francisco, Newfront has offices throughout the country and is home to more than 750 employees who serve clients across the United States and globally. Learn more about building the modern insurance experience here.
William Blair is the premier global boutique with expertise in investment banking, investment management, and private wealth management. We provide advisory services, strategies, and solutions to meet our clients' evolving needs. As an independent and employee-owned firm, together with our strategic partners, we operate in more than 20 offices worldwide.*
*Includes strategic partnerships with Allier Capital, BDA Partners, and Poalim Capital Markets.
Chief Marketing Officer
Newfront
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More than 520,000 travelers flew into or out of the Southern California gateway in July, beating 2019 levels for the 5th straight month
ONTARIO, Calif., Aug. 15, 2022 /PRNewswire/ -- July marked the fifth straight month in which Ontario International Airport (ONT) recorded passenger volumes higher than the same month in 2019, as the Southern California gateway continues to post one of the most impressive post-pandemic recoveries among airports across the United States.
More than 520,000 airline passengers traveled through ONT last month, an increase of 8.8% over July 2021 and 5% higher than July 2019. The number of domestic and international travelers totaled more than 502,000 and 17,000, respectively, in July. Domestic passenger volume increased by 7.4% compared with July 2019 and 8.7% over July a year ago.
From January through July, ONT welcomed 3.1 million passengers, 3% more than the same period in 2019 and 48.8% higher than last year.
The July totals also represented the third straight month in which ONT has exceeded a half-million travelers, and were the most in a single month since at least 2008 – years before the airport's return to local control.
"Ontario International continues to deliver strong results as demand for air travel in Southern California rebounds. We expect the trend will continue through the summer travel season and into the fall," said Alan D. Wapner, president of the Ontario International Airport Authority (OIAA) Board of Commissioners and Mayor pro Tem of the City of Ontario. "The statistics underscore the high level of confidence our guests have in our facilities and services."
"Since March, ONT passenger volumes have outpaced pre-pandemic levels every month, a very positive trend despite the emergence of COVID-19 variants and generally higher airfares," said OIAA chief executive officer Atif Elkadi. "Our customers in the Inland Empire and beyond have demonstrated their heightened demand for air travel through Ontario International, and our airline partners are responding with more planes to more destinations."
Air cargo shipments which totaled 68,000 tons in July increased nearly 6% compared to 2019. Over the first seven months of the year, the volume freight and mail, more than 476,000 tons, was 11% higher than the same period three years ago.
About Ontario International Airport
Ontario International Airport (ONT) is the fastest growing airport in the United States, according to Global Traveler, a leading publication for frequent fliers. Located in the Inland Empire, ONT is approximately 35 miles east of downtown Los Angeles in the center of Southern California. It is a full-service airport which, before the coronavirus pandemic, offered nonstop commercial jet service to 26 major airports in the U.S., Mexico, Central America and Taiwan. More information is available at www.flyOntario.com. Follow @flyONT on Facebook, Twitter, and Instagram
About the Ontario International Airport Authority (OIAA)
The OIAA was formed in August 2012 by a Joint Powers Agreement between the City of Ontario and the County of San Bernardino to provide overall direction for the management, operations, development and marketing of ONT for the benefit of the Southern California economy and the residents of the airport's four-county catchment area. OIAA Commissioners are Ontario Mayor Pro Tem Alan D. Wapner (President), Retired Riverside Mayor Ronald O. Loveridge (Vice President), Ontario City Council Member Jim W. Bowman (Secretary), San Bernardino County Supervisor Curt Hagman (Commissioner) and retired business executive Julia Gouw (Commissioner).
OIAA Media Contact:
Steve Lambert (909) 841-7527 slambert@flyontario.com
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Getts strengthens the Curate Board with clinical development experience as founder and CEO of Myeloid Therapeutics
CARLSBAD, Calif., Aug. 15, 2022 /PRNewswire/ -- Curate Biosciences, a key enabling technology company for cell therapy manufacturing, today announced that Daniel Getts, Ph.D., cofounder and CEO of Myeloid Therapeutics, has been appointed to its Board of Directors. Dr. Getts is an immunologist by training and a serial entrepreneur with a proven track record in building and financing companies focused on creating next-generation immunotherapies. Dr. Getts will provide strategic guidance to Curate Biosciences as it approaches commercialization of its transformational Curate® Cell Processing system, fulfilling its commitment to deliver technologies that ensure faster, better, and more cost-effective access to cell therapies for patients.
"We are extremely pleased to have Daniel join our Board. Daniel brings with him a deep understanding of the cell therapy space, with significant experience in translational science, operational leadership and commercial acumen," said Mike Grisham, CEO of Curate Biosciences. "His breadth and depth of expertise will strengthen our Board and will be invaluable as we bring our life-saving Curate® Platform to patients."
Dr. Getts commented, "I am thrilled to join the Board of Curate Biosciences, who share a vision to innovate the cell therapy field. Curate Biosciences has technology capable of transforming cell therapy manufacturing. The data show that the cell separation technology is transformative and will support the development of more efficacious and cost-effective therapies for patients. I look forward to harnessing my drug development and clinical translation expertise to accelerate the deployment of Curate's exciting technologies to improve the lives of patients."
Dr. Getts is founder and CEO of Myeloid Therapeutics, a clinical stage mRNA-immunotherapy company harnessing the power of myeloid and innate biology to engineer novel therapies that elicit a broad immune response for cancer and autoimmune diseases. Myeloid is advancing a broad portfolio of clinical and preclinical candidates designed to enable full immune system responses. Before Dr. Getts started Myeloid, he was Vice President of Research at TCR2 Therapeutics (TCRR), a biotechnology company pioneering novel engineered T cell therapies to fight solid tumors and hematologic malignancies. In addition to supporting the companies $125M B round and $80M IPO, Getts led the company's target discovery, preclinical and translational research programs. This culminated in numerous patent applications, a robust pipeline, and a successfully filed investigational new drug application. Prior to TCR2 Therapeutics, Dr. Getts was primary inventor, co-founder and Chief Scientific Officer of Cour Pharmaceuticals, a nanotechnology platform company focused on autoimmunity and inflammation. At Cour his team supported the development of the world's first biodegradable intravenously infused immune tolerance therapy, which was subsequently out-licensed to Takeda for more than $400M. Prior to Cour he served as the scientific program lead at Tolera Therapeutics. Dr. Getts is decorated scientist and an inventor, with more than 20 patented and patent pending technologies in the fields of cell and gene therapy, RNA and immunology. He has more than 45 peer-reviewed publications, including highly cited papers in Nature Biotechnology, Science Translational Medicine, and Nature Communications. Dr. Getts holds a PhD in Medicine from the University of Sydney and an MBA from Western Michigan University.
About Curate Biosciences
Curate Biosciences is a life science company located in Carlsbad, CA, developing what standard cell processing technologies have failed to provide: the best quality starting material to dramatically reduce the total vein-to-vein cost. Curate Biosciences is advancing its platform technology - The Curate® Cell Processing System - to allow a faster path to cleaner and larger quantities of starting cells, one of the significant bottlenecks in gene and cell therapies. The Curate® Cell Processing System gently isolates leukocytes using Deterministic Cell Separation™ (DCS), an advanced, high speed microfluidic technology that gently separates cells based on size. Optimized for processing apheresis and cell culture samples, the Curate platform obtains larger quantities of healthier leukocytes compared to other separation technologies.
For more information: www.curatebio.com
Media Enquiries
curatebio@consortpartners.com
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SOURCE Curate Biosciences | https://www.valleynewslive.com/prnewswire/2022/08/15/curate-biosciences-appoints-daniel-getts-phd-its-board-directors/ | 2022-08-15T12:52:35Z | https://www.valleynewslive.com/prnewswire/2022/08/15/curate-biosciences-appoints-daniel-getts-phd-its-board-directors/ | true |
Clean energy veteran brings more than 15 years of financial leadership experience at public and private organizations
BEVERLY, Mass., Aug. 15, 2022 /PRNewswire/ -- Highland Electric Fleets, the leading provider of electrification-as-a-service for government and municipal fleets in North America, has hired Gaurav Dubey as chief financial officer to help scale its finance organization, optimize its capital structure, and develop new financial products.
"Fleet electrification is at an inflection point, and Highland is well-positioned to meet increasing demand for cleaner communities, healthier kids, and more resilient electric grids," said Highland CEO Duncan McIntyre. "Gaurav's proven track record of leading high-value structured financing, capital allocation, and strategic operations initiatives will support Highland's continued growth as we scale our business to bring simple, affordable electrification upgrades to customers across North America."
Dubey has executed over $3B in equity and debt financing from financial institutions, venture capital firms, private equity investors and capital markets across North America, Europe, and Asia. Prior to joining Highland, he was senior vice president of finance at 8minute Solar Energy, where he built out a finance team and raised $350 million in financing in the absence of a CFO. Before that, Dubey was vice president of corporate finance at SunPower Corporation, where he helped spin out and take public the company's modules business; senior director of finance at VECTRA, an Apollo Company; and director of corporate finance at SunEdison, where he led structured financing and corporate acquisitions. Earlier in his career, Dubey co-founded an energy developer in India. He holds an MBA from Harvard Business School, and a Bachelor of Technology in mechanical engineering from the Indian Institute of Technology, Kanpur.
"I'm excited to join Highland at a time of significant expansion for both the company and the industry," said Dubey. "Financial innovation and deploying capital efficiently at scale will help us lower costs for customers and advance our mission to accelerate adoption of zero-emission transportation."
Highland Electric Fleets is the leading provider of fleet electrification-as-a-service in North America. Founded in 2018, Highland's unique suite of products make it simple and affordable for school districts, governments, and fleet operators to upgrade to electric fleets today. Whatever the customer's need, Highland delivers a seamless experience, with all the equipment and services needed to keep a fleet running smoothly. Active in 30 states and Canada, Highland is responsible for the largest electric school bus deployment in the United States and the first commercial vehicle-to-grid deployment in New England. To learn more, visit https://highlandfleets.com.
Media Contact:
Mission Control Communications
highlandelectric@missionc2.com
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SOURCE Highland Electric Fleets | https://www.dakotanewsnow.com/prnewswire/2022/08/15/gaurav-dubey-joins-highland-electric-fleets-chief-financial-officer-scale-amp-accelerate-electric-bus-adoption/ | 2022-08-15T12:52:52Z | https://www.dakotanewsnow.com/prnewswire/2022/08/15/gaurav-dubey-joins-highland-electric-fleets-chief-financial-officer-scale-amp-accelerate-electric-bus-adoption/ | true |
Police help groom who nearly missed his wedding
BOSTON (WVCB) - A Boston groom was stranded on his wedding day with his groomsmen while the bride was left waiting, but the Boston Police Harbor Patrol saved the day.
Patrick and Hannah Mahony’s big day almost never happened after mechanical issues put the harbor between the bride and groom.
“I was in a little bit of a panic,” Patrick Mahony said.
The couple’s wedding was to take place on Thompson Island, and the boat the groom was supposed to take broke down. He was left stranded at the dock.
“It was our florist, our DJ, all of the groomsmen, the groom. So I think it would have just been a bunch of girls sitting on the island waiting around if that happens,” Hannah Mahony said.
This is when authorities stepped in to help.
The replacement ferry ended up leaving about 40 minutes late from the harbor, but the officers were able to make up time on the water.
Officers Joseph Matthews and Stefani McGrath were able to get everyone to the island safely, and Matthews said he hopes the police escort will be a fun memory to look back on.
“We had six minutes to spare,” Matthews said. “It will give them something to remember. Getting a ride on a police boat is kind of special for their big night.”
Despite the rocky start to the day, Patrick Mahony said nothing would have stopped him from tying the knot with his bride.
Copyright 2022 WVCB via CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/08/15/police-help-groom-who-nearly-missed-his-wedding/ | 2022-08-15T12:53:40Z | https://www.mysuncoast.com/2022/08/15/police-help-groom-who-nearly-missed-his-wedding/ | true |
NEW YORK, Aug. 15, 2022 /PRNewswire/ -- Encompass Corporation, the provider of the leading Know Your Customer (KYC) automation platform, today announced that Aite-Novarica Group, a global advisory firm providing mission-critical insights on technology, regulations, strategy and operations to the financial services industry, has recognized Encompass as the winner of the 2022 Fraud & AML Impact Awards' Best Know Your Customer/Business (KYC/KYB) Innovation.
The award recognizes Encompass for its ability to combine unrivaled data sources, technology and expertise to supercharge corporate KYC due diligence with automation. Allowing financial institutions to unwrap and uncover corporate structures and ultimate beneficial ownership in minutes, Encompass transforms Anti-Money Laundering (AML) compliance and gives institutions the ability to enhance customer onboarding and respond to regulatory changes with greater speed and accuracy.
"By automating the KYC process, financial institutions can pursue aggressive growth agendas and scale while avoiding additional compliance costs," said Alex Ford, President, North America at Encompass. "Our platform is used by banks across the globe to significantly improve the onboarding experience of their clients while also future-proofing technology and processes. We're grateful to be recognized by Aite-Novarica Group for our innovative approach, which brings speed, accuracy and control."
With real-time access to global public and premium data sources, Encompass' platform gives financial institutions the ability to search entities and receive a digital KYC profile within minutes. With Encompass, financial institutions can ensure a consistent KYC process every time, including:
- Search based on pre-defined policy using only bank-approved sources;
- Mapping of ultimate beneficial ownership and corporate hierarchy;
- Screening of entities for PEPs, sanctions and adverse media;
- Cross-checking documents, matching and merging data;
- And the automatic creation of a complete audit trail in real time.
According to Aite-Novarica Group, winners were selected by a global panel of both internal and independent experts on fraud and AML.
Encompass will be presented with the AML Impact Award at the fifth annual Financial Crime Forum, taking place Sept. 18-19, 2022 in Charlotte, NC.
Encompass Corporation (Encompass) transforms regulatory compliance and customer onboarding with Know Your Customer (KYC) automation. As a global leader in automated KYC due diligence worldwide, Encompass serves global banks and financial institutions to streamline their KYC process and comply with regulations and requirements. Launched in 2012, Encompass serves customers across the globe and features offices in Amsterdam, Belgrade, Glasgow, London, New York, Singapore and Sydney. To learn more, visit EncompassCorporation.com.
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy and operations to hundreds of banks, insurers, payments providers, and investment firms - as well as the technology and service providers that support them. Comprising former senior technology, strategy and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.
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SOURCE Encompass Corporation | https://www.wistv.com/prnewswire/2022/08/15/encompass-wins-aite-novarica-group-aml-impact-award-best-know-your-customerbusiness-kyckyb-innovation/ | 2022-08-15T12:53:55Z | https://www.wistv.com/prnewswire/2022/08/15/encompass-wins-aite-novarica-group-aml-impact-award-best-know-your-customerbusiness-kyckyb-innovation/ | true |
Experienced EdTech and Business Leader to Drive Growth Strategy and Corporate Development
RESTON, Va., Aug. 15, 2022 /PRNewswire/ -- Ellucian, the leading higher education technology solutions provider, today announced Jeff Dinski as Chief Strategy and Corporate Development Officer. Reporting to the CEO, Mr. Dinski will be responsible for driving our growth strategy with a focus on market expansion leading our strategy and insights, analyst relations and Ellucian's broader corporate development efforts.
"With a strong track record in EdTech and market analysis and strategy, Jeff brings deep experience in helping organizations unlock value and prioritize investments in support of their strategic vision and mission," said Laura Ipsen, President and CEO, Ellucian. "I am pleased to welcome Jeff to Ellucian and look forward to working with him to achieve even stronger growth and market engagement as we accelerate our move to SaaS helping the institutions we serve better achieve their goals."
"Having spent the last decade advising many of the most significant companies in the broader EdTech landscape and also as a product and market development executive, I have seen first-hand the impact of Ellucian's leadership in the market in support of the global higher education community," said Jeff Dinski. "I am excited to join a great team of leaders and be part of their mission to deliver digital transformation solutions that create better outcomes for every institution and the students they serve."
Mr. Dinski joins Ellucian from Tyton Partners, where he was a Partner in the strategy consulting practice. He has had an extensive career as an entrepreneur and in executive roles in the education and media sectors. Prior to Tyton, Mr. Dinski spent nearly four years serving as Vice President of Business Development and then as General Manager of Consumer Services at Parchment, a digital credential company for transcripts and diplomas. He was also the co-founder of the ecommerce business GaggleofChicks.com and held a variety of leadership roles at Comcast Interactive Media, and CBS Interactive.
Mr. Dinski began his career in media and television as a researcher and writer for NBC Sports and he later was part of the team that launched ESPN's first live morning show, Cold Pizza, where he served as head writer and producer.
Mr. Dinski holds a Bachelor of Science in Engineering, with a major in Mechanical & Aeropace Engineering from Princeton University and a Masters in Business Administration from Harvard Business School.
Ellucian is charting the digital future of higher education with a portfolio of cloud-ready technology solutions and services. From student recruitment to workforce analytics; from fundraising opportunities to alumni engagement; Ellucian's comprehensive suite of data-rich tools gives colleges and universities the information they need to lead with confidence.
Working with a community of more than 2,700 customers in over 50 countries, Ellucian keeps innovating as higher education keeps evolving. Drawing on its comprehensive higher education business acumen and suite of services, Ellucian guides its customers through manageable, sustainable digital transformation—so that every type of institution and student can thrive in today's fast-changing landscape. To find out what's next in higher education solutions and services, visit Ellucian at www.ellucian.com.
Media Contact
Lindsay Stanley
Lindsay.Stanley@Ellucian.com
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SOURCE Ellucian | https://www.mysuncoast.com/prnewswire/2022/08/15/ellucian-welcomes-jeff-dinski-chief-strategy-corporate-development-officer/ | 2022-08-15T12:56:58Z | https://www.mysuncoast.com/prnewswire/2022/08/15/ellucian-welcomes-jeff-dinski-chief-strategy-corporate-development-officer/ | false |
More than 520,000 travelers flew into or out of the Southern California gateway in July, beating 2019 levels for the 5th straight month
ONTARIO, Calif., Aug. 15, 2022 /PRNewswire/ -- July marked the fifth straight month in which Ontario International Airport (ONT) recorded passenger volumes higher than the same month in 2019, as the Southern California gateway continues to post one of the most impressive post-pandemic recoveries among airports across the United States.
More than 520,000 airline passengers traveled through ONT last month, an increase of 8.8% over July 2021 and 5% higher than July 2019. The number of domestic and international travelers totaled more than 502,000 and 17,000, respectively, in July. Domestic passenger volume increased by 7.4% compared with July 2019 and 8.7% over July a year ago.
From January through July, ONT welcomed 3.1 million passengers, 3% more than the same period in 2019 and 48.8% higher than last year.
The July totals also represented the third straight month in which ONT has exceeded a half-million travelers, and were the most in a single month since at least 2008 – years before the airport's return to local control.
"Ontario International continues to deliver strong results as demand for air travel in Southern California rebounds. We expect the trend will continue through the summer travel season and into the fall," said Alan D. Wapner, president of the Ontario International Airport Authority (OIAA) Board of Commissioners and Mayor pro Tem of the City of Ontario. "The statistics underscore the high level of confidence our guests have in our facilities and services."
"Since March, ONT passenger volumes have outpaced pre-pandemic levels every month, a very positive trend despite the emergence of COVID-19 variants and generally higher airfares," said OIAA chief executive officer Atif Elkadi. "Our customers in the Inland Empire and beyond have demonstrated their heightened demand for air travel through Ontario International, and our airline partners are responding with more planes to more destinations."
Air cargo shipments which totaled 68,000 tons in July increased nearly 6% compared to 2019. Over the first seven months of the year, the volume freight and mail, more than 476,000 tons, was 11% higher than the same period three years ago.
About Ontario International Airport
Ontario International Airport (ONT) is the fastest growing airport in the United States, according to Global Traveler, a leading publication for frequent fliers. Located in the Inland Empire, ONT is approximately 35 miles east of downtown Los Angeles in the center of Southern California. It is a full-service airport which, before the coronavirus pandemic, offered nonstop commercial jet service to 26 major airports in the U.S., Mexico, Central America and Taiwan. More information is available at www.flyOntario.com. Follow @flyONT on Facebook, Twitter, and Instagram
About the Ontario International Airport Authority (OIAA)
The OIAA was formed in August 2012 by a Joint Powers Agreement between the City of Ontario and the County of San Bernardino to provide overall direction for the management, operations, development and marketing of ONT for the benefit of the Southern California economy and the residents of the airport's four-county catchment area. OIAA Commissioners are Ontario Mayor Pro Tem Alan D. Wapner (President), Retired Riverside Mayor Ronald O. Loveridge (Vice President), Ontario City Council Member Jim W. Bowman (Secretary), San Bernardino County Supervisor Curt Hagman (Commissioner) and retired business executive Julia Gouw (Commissioner).
OIAA Media Contact:
Steve Lambert (909) 841-7527 slambert@flyontario.com
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SOURCE Ontario International Airport | https://www.wistv.com/prnewswire/2022/08/15/ontario-international-airport-extends-run-topping-pre-pandemic-passenger-volume/ | 2022-08-15T12:57:25Z | https://www.wistv.com/prnewswire/2022/08/15/ontario-international-airport-extends-run-topping-pre-pandemic-passenger-volume/ | true |
BOSTON, Aug. 15, 2022 /PRNewswire/ -- Remedium Bio, Inc., a biotechnology company developing novel gene therapies, today announced that it has closed more than $2.3M in its expanded seed round financing. Funding from the raise is being used to study Remedium's lead product, a single-injection gene therapy potentially capable of reversing cartilage loss, in a collaboration with Tufts University School of Medicine scientists researching rheumatic disorders. The financing was led by Sherwood Ventures and included participation from, LongevityTech.Fund, Primo Medical Group, Angel Star Ventures, Apis Health Angels, MicroVentures, and Guindy Alumni Angels.
Remedium's lead candidate is the only single injection gene therapy based on the clinically proven anabolic mechanism of FGF18, which has demonstrated the ability to reverse cartilage loss in a placebo controlled, multi-center, randomized clinical trial. Osteoarthritis is the largest unmet need in Rheumatology, presenting a market of $37B with no currently approved therapies capable of slowing or reversing disease progression. Remedium's novel solution offers the potential to arrest disease progression after a single injection and promote restoration of a more natural, youthful phenotype of articular cartilage.
"Our technology has the potential to reverse years of age-related cartilage loss, for a disease that currently has no approved therapeutic treatments capable of slowing or reversing progression," said Frank Luppino, President and CEO of Remedium Bio, Inc. "We are extremely excited about the progress made to date, and believe that our gene-augmentation technology can be translated to a number of other age-related pathologies with no currently available disease-modifying options."
Remedium was founded by orthopedics industry veterans with proven track records of developing leading therapeutics at companies ranging from start-ups to Fortune 500. Remedium has attracted a number of academic collaborators and medical KOLs to its advisory board including Dr. Timothy McAlindon, MD, MPH, Chief of the Division of Rheumatology at Tufts Medical Center, Professor at Tufts University School of Medicine; Dr. Anastassios Pittas, MD, MS, Chief of the Division of Endocrinology, Diabetes, and Metabolism and Co-Director of the Diabetes and Lipid Center at Tufts Medical Center, Professor at Tufts University School of Medicine; Dr. Jeff Ellsworth, PhD, the pioneer of rhFGF18 technology and CSO of Recardia Therapeutics; Dr. Li Zeng PhD, MA, MS, BA Associate Professor Immunology at Tufts University School of Medicine; and Dr. Kai Zou PhD, Assistant Professor, Department of Exercise and Health Sciences, at the University of Massachusetts, Boston.
Remedium's pipeline includes therapeutic indications in Osteoarthritis, Diabetes, Stroke, and other large unmet clinical needs.
Remedium Bio, Inc. is a preclinical-stage biotechnology company developing novel gene therapies for a broad range of highly debilitating diseases. The company's R&D approach focuses on modularly combining proven technologies to treat well-characterized disease pathology streamlining elements of the product development process. Remedium's pipeline includes a lead candidate first-in-class, single-injection, potentially disease-modifying gene therapy treatment for the treatment of Osteoarthritis and gene therapy treatments for the management of Diabetes and Stroke.
To learn more, visit www.remedium-bio.com
Contact Remedium: info@remedium-bio.com
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SOURCE Remedium Bio, Inc. | https://www.wymt.com/prnewswire/2022/08/15/remedium-bio-announces-successful-23m-expanded-seed-raise/ | 2022-08-15T13:00:07Z | https://www.wymt.com/prnewswire/2022/08/15/remedium-bio-announces-successful-23m-expanded-seed-raise/ | true |
NEW YORK , Aug. 15, 2022 /PRNewswire/ -- A $25 million recreation, fitness and conference space named The Playground + Conference Center officially opened today in New York's iconic Seagram Building, fulfilling the vision of its owner, RFR, to "breathe oxygen into the workplace" by offering tenants "a whole life" – a community where people can work, socialize and exercise.
The 35,000-square-foot facility was conceived by RFR four years ago but gained urgency post-pandemic as the building's corporate tenants looked for incentives that would encourage their employees to return to the office after more than two years of working from home.
The expanse and cost of The Playground is thought to make it unique in New York commercial real estate. RFR cleared the way for the bilevel multisport complex by restructuring the building's underground parking garage to hold a 3,500-square-foot fitness center, a multisport open court, 22-foot-tall climbing wall, stadium seating for 150, 50-seat boardroom and 40-seat training room.
The fitness center features treadmills, ellipticals, Pelotons, Stairmaster, flat bench, incline bench, workout benches, power rack, dumbbells and Precor Queenax Functional System, used for high-intensity interval training. The facility's spin studio is equipped with a dozen bikes. Yoga, Pilates, martial arts and meditation classes are held in an adjacent Flex room.
The space also features recreational games, a hydration lounge and locker rooms equipped with showers and changing rooms. Allee Colon, a veteran in the field, has been brought on to serve as fitness director of The Playground.
The Playground's open court, designed for basketball, pickleball, volleyball and soccer, can be transformed into a 150-person theater for town hall meetings and large-screen presentations. With the push of a button, the court south's wall opens, and eight tiers of polished wood seating cascade onto the court.
At the north end of the open court, the climbing wall beckons adventurers with Expert, Difficult, Intermediate and Entry-Level routes and auto-belay safety harnesses that take up slack as climbers ascend and descend.
"Long before the pandemic, we recognized that parking garages in our buildings represent valuable space that could be better used to benefit our tenants," said Sheldon Werdiger, RFR head of marketing and design development. "At the Seagram Building, we saw an opportunity to create something extraordinary that will ensure it continues to remain the most celebrated office building in the world."
In preparation for this week's opening, RFR and Arch Amenities Group, The Playground's manager, worked with two tech firms – VTS Rise in Manhattan and BuildingEngines in Boston – to build a smartphone app that replaces the building's ID cards and makes it possible for employees to reserve time on the court and climbing wall and in the spinning, cardio and weight studios.
Tenants also can use the app's Mind-Body link sign up for high-intensity interval training and yoga, Pilates, martial arts and meditation classes. The app also provides self-guided tours of the fine art displayed throughout the building.
"This is where our approach to hospitality turns from a physical experience into a digital experience," said Zach Pointon, Arch Amenities Group's head of hospitality, adding that future functions will include real-time information about local transportation, including subways, buses and flights arriving at and departing from New York area's three major airports.
The Playground already has drawn the attention of other property owners, said AJ Camhi, RFR head of leasing. "The Playground is all the talk in the market right now. No other commercial building in New York has a court for basketball and pickleball. Landlords are trying to get tours of it. Brokers are talking to their landlord clients. It's the ultimate compliment."
Werdiger said RFR's investment in The Playground parallels the new priorities of its corporate tenants: to attract and retain the most qualified and talented employees. Corporate offices formerly were designed to please senior executives by providing them with spectacular office views and exclusive conveniences, like underground parking.
"Post-COVID, employers realize that they must make their office space more compelling than working from home in order to respond to the evolving work culture and encourage employees to return," he said. "Everyone who works in the Seagram Building now will gain, essentially, a free gym membership and a place to socialize with their coworkers – benefits they would not enjoy staying at home."
The strategy is working. The Seagram Building lost its major tenant just before the pandemic but now has leased 95% of that space to new tenants, a success that RFR attributes, in large part, to its investment in The Playground. "Tenants are promoting The Playground to encourage – not require – their employees to come back to the office," Camhi said.
RFR, which also owns and manages several other landmark buildings, continually looks for creative ways to attract tenants that might otherwise be tempted to move to the newest real estate coming on the market, Werdiger said. "You don't want these classic buildings to just turn into museums and dinosaurs. You want them to always continue to be relevant and the best."
Mike Flanagan, Arch Amenities Group chief growth officer, said The Playground exemplifies the type of amenity space that appeals to today's workforce. "We must create reasons for people to come back to work," he said. "To do that, we must blur the distinction between amenities and workspace and create very collaborative and highly hospitality-driven environments.
"Employees don't want to sit in a cubicle anymore. They want to go hang out in a lounge and different types of seating arrangements and work environments and be able to go to the fitness center and enjoy a coffee on the rooftop if they want."
The 38-story Seagram Building, at 375 Park Ave. between 52nd and 53rd street in Midtown Manhattan, was designed by Ludwig Mies van der Rohe with Philip Johnson. Constructed in 1956-58, it was designed as the headquarters for the Canadian distillers Joseph E. Seagram's & Sons. New York's Landmarks Preservation Commission designated the building and its plaza as a landmark in 1989. RFR gained full ownership in 2013 and continues to expand the significance of what the building means to New York and the world.
Studios Architecture of New York and Paris was The Playground project's architect. Graphic design was handled by GHD Partners, New York. The lighting designer was Focus Lighting Inc., New York. URBN Playground, New York, was the gym consultant. The structural engineer was Severud Associates, New York. The mechanical engineer was CFS Engineering, New York. Audio visual, acoustics and security systems were provided by Harvey Marshall Berling Associates, New York.
About RFR
RFR is a Manhattan-based, privately controlled real estate investment, development and management company founded in 1991 by Aby Rosen and Michael Fuchs. The company has built a world-class portfolio of commercial and residential real estate, including many of New York's signature office towers, ultra-luxury condominiums, hotels and high-end retail developments.
About Arch Amenities Group
Arch Amenities Group, based in Rockville, Maryland, is a leading provider of wellness, amenity and meeting services for commercial and residential properties, hotels and private clubs worldwide. Arch provides daily management services as well as feasibility studies, planning and design consultancy and pre-opening support. Arch is a portfolio company of private equity firm CI Capital Partners.
Click HERE to download photos of The Playground at the Seagram Building
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SOURCE RFR Holding LLC; Arch Amenities Group | https://www.mysuncoast.com/prnewswire/2022/08/15/seagram-building-debuts-playground-bid-enhance-office-experience/ | 2022-08-15T13:02:20Z | https://www.mysuncoast.com/prnewswire/2022/08/15/seagram-building-debuts-playground-bid-enhance-office-experience/ | true |
Published
Updated
Growing demand, rising costs and not enough units plague rent-subsidy programs in the Valley.
What if you don't have enough money to rent an apartment? It's a growing problem for many metro Phoenix tenants. But then you hear about a government program that can pay the difference between what you can afford and a rent payment.
You wait for months — or years — to qualify. Then, with a housing choice voucher in hand, you begin hunting for a rental home. You've got a deadline to find a landlord, and you start making calls.
No, we don't accept them. No, our rent is too high for this to work. No. No. No.
This is the reality of many people with housing choice vouchers, formerly known as Section 8 vouchers, in metro Phoenix. Rising rents, a housing shortage, a changing rental scene with more out-of-state landlords and the unwillingness of some property managers to participate in the federally backed rent program have made finding a home much more difficult than it's ever been.
Phoenix, which has the biggest housing voucher program in Arizona, has a three- to five-year waitlist, with 16,164 people on it. Smaller Valley cities have waitlists in the thousands and similar wait times.
As of early August, waitlists for most of the Valley's housing authorities were closed.
The vouchers were created by the federal government in the 1970s to give low-income tenants a greater amount of choice in housing and to ensure they don’t pay more than 30% of their income for it.
The overwhelming demand, the lack of available rentals and all the waiting are a recipe for stress for everyone involved.
“You have to jump through so many hoops just to get a voucher, and then not to be able to find a landlord to take it is just horrible,” said Pamela Bridge, director of advocacy and litigation at Phoenix-based Community Legal Services.
It's not just Phoenix-area renters who are struggling. The challenges for the seven Phoenix-area housing authorities have never been this severe. Housing authorities now must pay more, sometimes offering landlord bonuses, to help fewer hurting tenants.
One family's story: Running out of time
In 2001, JoAnn Ellis had a breakdown. She was taking care of her two children, who then grew up and had to take care of her as she struggled to keep jobs and find affordable places to live.
In early 2021, Ellis was staying at UMOM's Halle Women's Center in south Phoenix and got on a waitlist for a housing voucher. In October, she qualified.
But voucher holders typically have three to six months to find a landlord who will accept it. She couldn’t find one, and her voucher expired at the end of February.
"You can't find a place for $1,200, and the ones that do don't take Section 8 and the ones that do take Section 8 are at capacity,” said her daughter Arielle Ellis, who JoAnn lives with in the West Valley.
Since Ellis lost her voucher, she is living in a crowded rental with her daughter’s family.
Arielle Ellis, who is pregnant, thought the housing voucher would solve all their problems.
“I thought I wouldn't have to worry about my mom ever again," she said. “Now we are all very crowded living together."
Numbers highlight multiple problems
The Arizona Republic investigation found multiple issues in the housing choice voucher program.
The vouchers are use it or lose it. They can expire if people can't find a rental in the time frame the voucher allows, usually from three to six months, depending on the city or county program.
Rising rents mean housing authorities' budgets can cover help for fewer people.
More landlords, in the current hot rental market, are opting not to participate in the voucher program.
And the fast-growing Phoenix area has fewer vouchers than it should have, some advocates say.
The number of people in metro Phoenix who have been issued vouchers and are still struggling to find a rental is at a record high.
On average, for every 100 renters in metro Phoenix who received a voucher, only 85 of them were able to sign leases and move into a rental so far this year.
The Republic requested data on the number of vouchers issued that are lost because renters are unable to find housing within time frames set by HUD and housing authorities.
The average number of vouchers issued but not used yet was more than six times higher than what it was in 2015, according to The Republic's analysis of HUD data.
Responses from metro Phoenix's seven housing authorities varied on how many vouchers had expired.
In Phoenix, the number of vouchers that have expired because tenants likely couldn't use them increased to 183 from 147, a 24% increase between 2019 and this year. But that number is still only 5% of all the vouchers given out.
Mesa and Chandler do not track the number of vouchers that expire or why. Since August 2021, zero vouchers issued by Tempe's housing authority have expired.
Higher rents also squeeze housing authority budgets. The average amount paid for each voucher through the federally funded program increased by 31% from 2015 to 2021 across metro Phoenix's housing authorities.
Fewer landlords are taking the vouchers because they can lease to other renters who will pay more, and they don’t have to deal with extra paperwork and regulations to get paid with the federal rent aid.
Rebecca Flanagan, the former Arizona director of HUD, said the program was started to provide housing for low-income tenants and to make sure landlords got paid. She's frustrated that landlords are not legally required to take vouchers.
“Landlords shouldn’t be able to discriminate against renters because they have housing vouchers,” she said.
Courtney Gilstrap LeVinus, CEO of Arizona Multihousing Association, said the state’s largest apartment owner group has heard from a number of Arizona property owners that they’d like to allow for more voucher program participants, but “it’s a regulatory challenge, labor intensive, cost prohibitive and inefficient.”
The U.S. Department of Housing and Urban Development updates rents by city for the program, but no one was prepared for the 30% increase that landlords upped prices in the Phoenix area last year because of 50-year-low vacancies.
Arizona’s housing shortage, estimated at 270,000 homes, is making the problem worse.
In the Phoenix area, which is among the 10 metros facing the most severe affordable housing shortages, only 20 rentals are available for every 100 extremely low-income renters, according to the latest annual survey by the nonprofit National Low Income Housing Coalition.
The Phoenix area's fast growth since the 1970s, when the program was created, also works against it.
Metro Phoenix is allotted fewer HUD housing vouchers than other cities its size or even smaller.
A few years ago, Phoenix overtook Philadelphia to become the U.S.' fifth-biggest city. The Philadelphia Housing Authority has more than three times as many housing vouchers backed by HUD than the Phoenix Housing Authority.
“The Phoenix metro area is severely underfunded in the housing choice voucher program, especially when compared to cities and metro areas of similar sizes across the country,” said Mike Shore, CEO of HOM Inc., a provider of permanent housing solutions to end homelessness in Arizona.
How can you get a housing choice voucher?
Renters with low incomes for the area can apply to a local housing authority for a voucher.
The exact income limits vary by housing authority. For the Phoenix Housing Authority, an individual with a gross income under $30,950 would qualify, and a family of four with a combined income of under $44,150 would qualify.
Housing authorities also may check criminal background history, citizenship or immigration status, Social Security numbers, debts owed to another housing authority and other personal or family information that varies by housing authority.
The seven housing authorities' websites have the most updated income limits and application requirements. The housing authorities are Maricopa County, Phoenix, Mesa, Glendale, Tempe, Scottsdale and Chandler.
Tenants must clear multiple hurdles to secure a voucher. Generally, applicants must complete a pre-application form to get on a voucher waitlist when one is open. People facing homelessness or in unsafe housing conditions are given priority. Then, a random lottery is used to select other applicants to get on a waitlist and formally apply for a voucher.
If renters are approved, they will be given a rent budget and will need to start looking for an apartment. A few websites, such as socialserve.com or affordablehousing.com, are available for renters to look for affordable housing.
A household with a voucher must pay 30% of its income for rent and utilities, and the rest can be covered by the voucher.
Most Phoenix-area housing authorities require renters to apply in person and meet with a housing counselor.
How the voucher program is supposed to work
The federally funded housing voucher program is intended to help low-income families pay for the housing of their choice in the private market, instead of the older approach of developing affordable housing projects in only certain parts of a city that only rent to people with vouchers.
Many of those developments built in the 1960s and 1970s led to blight, higher crime rates and harder situations for renters, housing advocates say.
HUD contracts with local public housing authorities to distribute rental vouchers.
Housing choice voucher holders then find apartments with rents approved by HUD and the housing authorities that don’t cost more than 30% of their incomes.
In metro Phoenix, as of April, almost 12,000 households were living in rentals subsidized by the program, according to HUD, which is roughly 2% of all renter occupied households in metro Phoenix.
If a renter loses a voucher, then it goes to the next person on the list.
Rapidly rising rents outpacing aid
Every year HUD calculates a fair market rent for all of metro Phoenix for vouchers. It’s supposed to represent the rent for a moderately priced rental in each market, but it hasn’t kept up with rapidly rising rents.
The $1,200 rent budget Ellis received from the Maricopa County Housing Authority was above the fair market rent of $1,091 for a metro Phoenix one-bedroom set by HUD for 2022.
But the average rent in metro Phoenix is now $1,701, up $280 from a year ago, according to ABI Multifamily.
Local housing authorities then set the amounts for the maximum rent they will pay for with a voucher based on the area’s fair market rent. That amount can be 90-120% of the area’s fair market rent.
“It essentially defines the universe of available housing for a person with a voucher,” said Drew Schaffer, director at the Phoenix-based William E. Morris Institute for Justice, a legal advocacy group. “They may limit where you can rent in a metropolitan area because rents in certain areas just might be too high for you to rent.”
The Phoenix Housing Department, the largest voucher provider in metro Phoenix, upped its payment threshold, the maximum rent that a voucher will pay for, for one-bedrooms in May to $1,200 from $1,146 in January, the first time it's changed since August 2020. The move was to try to keep up with rising rents. The new figure is about 110% of the area’s fair market rent.
Phoenix also extended the time renters have to find apartments that will accept their vouchers to 180 days from 90.
As of April, Phoenix has roughly 6,000 units leased out under the housing choice voucher program.
Last year, the Phoenix Housing Authority spent almost all of its yearly budget but because of the hot rental market only leased out 93% of the units it was supposed to lease as outlined in its contract with HUD.
The median rent for a one-bedroom in Scottsdale is $1,840, according to research firm Zumper. That would be almost entirely out of reach for someone with a voucher. In Tempe, the median rent is $1,540.
If a voucher renter finds an apartment they want to rent that exceeds the allowed payment standard, the renter can apply for an exception that needs to be approved by the housing authority and landlord.
Few voucher holders apply, much less know about, the exception, Bridge said.
In Scottsdale, where the median income is almost twice that of the entire metro area, only 77% of units in the housing authority’s contract were leased out in 2021, according to data from HUD.
Already in the first four months of this year, Maricopa County and Glendale housing authorities have spent more than 100% of their allocated budgets, dipping into budget reserves from past years to cover costs and get more low-income tenants in rentals.
“Because the market has moved to where it is, landlords can just basically advertise a place for a rent and it's going to functionally exclude Section 8 housing choice voucher holders no matter what because the market has moved that far out of the equilibrium and has a low vacancy rate,” said Schaffer of the Institute for Justice.
The apartment vacancy rate for metro Phoenix fell to about 3% late last year, the lowest level in 50 years. It is ticking up a bit and now is about 5%.
Landlord choice, not tenant choice
Tenants with housing vouchers can be turned down by landlords in Arizona for multiple reasons.
Besides opting not to deal with the additional paperwork and inspections that come with the subsidized housing aid, landlords can turn down tenants with evictions.
Federal law largely doesn’t prohibit landlords from rejecting all housing vouchers. That’s up to state and local regulations.
Tucson passed an ordinance late last year barring landlords from discriminating against voucher holders. No other Arizona city currently has that protection.
“Eviction is a reason for losing your voucher,” said Bridge of Community Legal Services, one of the few groups in metro Phoenix representing tenants for free in court who have been evicted or lost their vouchers. “Unless you fight it, you can lose it.”
Community Legal Services is working with metro Phoenix tenants who were evicted but who paid what they owed landlords to try to get judgments off their record so at least that barrier to renting is gone for them.
And metro Phoenix eviction filings have climbed above pre-pandemic levels, according to the Maricopa County Justice Courts. Courts spokesperson Scott Davis said in July, eviction filings reached a 13-year high.
A number of Valley apartment complexes that used to accept housing vouchers have been bought up by out-of-state investors who no longer accept them. Many of those tenants aren’t seeing their leases renewed.
Landlords in all Arizona cities, except Tucson, can choose not to lease to a renter solely based on their "source of income." In other words, they can turn away voucher choice holders just because they pay their rent with vouchers.
Must move out, but where to go?
Carol Parker lived at Banyantree Apartments near Cactus Road and Interstate 17 for two years. She paid for the apartment using a permanent supportive housing voucher, which is funded differently than Section 8 vouchers and comes with more services but is administered in the same way.
California-based investor Tower16 Capital Partners purchased Banyantree Apartments in August for $35 million. Tower16 recently purchased several affordable complexes in Phoenix, Tucson, Las Vegas and Southern California.
The new owner notified Parker management no longer would accept vouchers and that she had to move out in 30 days when her lease expired. Parker became homeless at the end of last year.
Some landlords don't rent to anyone with housing choice vouchers, said Schaffer of the Institute for Justice. Others, he said, "impose eligibility or screening criteria that have the effect of excluding tenants with housing choice vouchers."
One of the ways landlords indirectly discriminate against voucher holders, Schaffer said, is by requiring a renter’s income be three times the market rent, disqualifying most voucher holders who are low income, versus the portion that a voucher holder actually would pay, which is generally closer to 30% of market rent.
Bridge said some of these forms of discrimination could become fair housing issues if they disproportionately impact people of color, the elderly or families.
But even in cities like New York City where income-based housing discrimination has long been outlawed, a broken oversight system means hundreds of voucher holders still fall through the cracks.
In a 2018 survey of voucher denial rates in five cities — Fort Worth, Los Angeles, Newark, Philadelphia, and Washington, DC — the average denial rate ranged from 78% (for Fort Worth) to 15% (for DC). The denial rates, according to the survey commissioned by HUD, increased in wealthier neighborhoods.
Winning the voucher lottery
Vouchers are helping low-income renters in metro Phoenix, but the program needs an overhaul, landlords say.
Parker, who has osteoporosis, fractured her spine in five places while she was homeless for two months. She ended up at Circle the City in central Phoenix. The nonprofit provides medical respite for people experiencing homelessness.
While there, Parker called low-income apartment complexes across metro Phoenix daily, only to be told there was nothing available for her. Then, one day, after months of phone calls, a landlord said "yes."
Parker moved into an apartment complex in northwest Phoenix in mid-March.
"I'm a little scared and nervous, but I'll make it. I'm used to apartment living," Parker said.
Carlos Pineda, a case manager at Circle the City, said he's seeing more people fall into homelessness because apartment complexes stop accepting their vouchers.
"It seems like there are a lot of people with vouchers but not enough properties accepting vouchers," he said.
Circle the City representatives recently went to check on Parker at her West Valley apartment because she doesn't have a phone. She no longer lives there, and it's not clear where she is living.
Emergency vouchers still being distributed
More than a year ago, the Biden administration distributed 70,000 new emergency housing vouchers to housing authorities nationwide to soften the impact of COVID-19 for renters.
Since then, more than 26,000, or 38% of them, have materialized into a lease as of July, a pace that U.S. housing officials say is the fastest uptake of any voucher program.
Most housing authorities in metro Phoenix are using the vouchers they were allocated a year ago relatively quickly. People who are currently homeless, at risk of homelessness, recently homeless, or at risk of domestic violence are eligible for the emergency vouchers.
Phoenix is the only housing authority in metro Phoenix to lag the national rate, receiving 390 vouchers and distributing about 110, or about 28%, as of July this year.
The emergency vouchers are a short-term solution for some stretched renters. The vouchers must be used by September 2023 and are set to expire in 2030.
Solutions? Housing experts offer options
Housing advocates and landlords agree Arizona’s housing shortage is making the voucher problem much worse.
"With thousands of rental property owners leaving the program annually, it’s becoming more and more obvious that it is a program in need of significant modernization and reform," said Gilstrap LeVinus of the Arizona Multifamily Association.
Congress and HUD must act to improve the program and maximize its capacity for success, she said.
The National Apartment Association sent a letter to Congress last August outlining ways to improve the program, including expanding it with a least 200,000 additional vouchers and extending the deadline for the emergency voucher program.
A new U.S. Senate bill would provide $30.2 billion for housing choice vouchers, an increase of $2.8 billion over last year.
Besides streamlining the HUD program for both renters and landlords, increasing fair market rent levels will help more renters find homes, according to a report on housing insecurity from Arizona State University's Morrison Institute of Public Policy.
Shaffer said setting up "source of income" protections for low-income tenants on fixed incomes could help as well.
A growing number of metro Phoenix renters are being denied rentals because they use Social Security and unemployment income or housing assistance to pay their landlords, according to Morrison.
Several studies have found income protection laws improve the housing voucher program’s effectiveness by resulting in fewer landlord rejections and allowing voucher holders to find housing in higher opportunity areas.
Also, work like that of Community Legal Services to help tenants to fix eviction judgments, particularly if their landlords have received rental aid for them, could keep more low-income residents from losing their vouchers.
Housing authorities also are working to provide more incentives to landlords and working with them to try to make vouchers easier to use.
Already Phoenix area housing authorities are offering landlords bonuses for accepting vouchers, waiving some required inspections and holding landlord open houses to explain the process and draw more property managers to participate.
Phoenix is offering landlords $2,000 for every voucher they accept. Maricopa County was offering $3,000 during the pandemic. Tempe had a landlord recruitment event a few months ago and has two housing navigators to help people find homes.
Some advocates are critical of paying landlord bonuses. "The incentive payments are a little strange," Schaffer said. "That's (money) that could be added to each of the bedroom-size payment standards and potentially qualify more people and give them more housing choice and opportunity."
Sheila Harris, founding director of the Arizona Housing Department, said one of the most important things to be done to end homelessness as fast as possible is for the state to get more housing vouchers.
Arielle Ellis, whose mother, JoAnn, lost her housing choice voucher earlier this year, said Valley housing authorities need to make fixes in the program.
“I kept telling them we can't find a place, and it pretty much fell on deaf ears," she said.
Coverage of housing insecurity on azcentral.com and in The Arizona Republic is supported by a grant from the Arizona Community Foundation.
Reach the reporter at catherine.reagor@arizonarepublic.com or 602-444-8040. Follow her on Twitter @catherinereagor.
Support local journalism. Subscribe to azcentral today. | https://www.azcentral.com/in-depth/money/real-estate/2022/08/15/why-its-so-hard-use-housing-choice-voucher-phoenix-area/10092282002/ | 2022-08-15T13:03:09Z | https://www.azcentral.com/in-depth/money/real-estate/2022/08/15/why-its-so-hard-use-housing-choice-voucher-phoenix-area/10092282002/ | true |
Video provided by Katie Boer.
LAS VEGAS (KLAS) — Travelers flying out of Harry Reid International Airport can expect delays and cancellations after a “false alarm” early Sunday created a passenger panic in security lines, officials said.
A statement shortly after 9:30 a.m. by airport officials said delays are expected throughout the day and cancellations are possible. The statement said officials are working to return “operations to normal” and added that passengers should check with their airlines on the status of flights.
Flightaware.com posted at about 9:30 a.m. that 111 flights had been delayed and 26 more were cancelled.
A loud noise just before 5 a.m. caused the panic and is largely responsible for the delays and cancellations, according to airport officials. Police said the noise was created by an “unruly subject.”
Las Vegas Metropolitan Police said in an email they received a call at about 4:54 a.m. and that reports of a shooting at the airport were unfounded. The noise is believed to have been caused by an unruly subject who is in custody, police said.
Video provided by Katie Boer.
“Flights will be held as multiple concourses are cleared and all passengers will need to be screened/re-screened at security checkpoints before boarding aircraft,” said the airport in a Sunday tweet.
Airport officials say there is no threat at the airport, and thank the travelers for their patience. At 7 a.m., people in line to check in with security say the airport is jam-packed.
Officials from the airport released this statement at approximately 7:46 a.m.
“Earlier this morning, a loud noise at Harry Reid International Airport’s Terminal 1 caused a panic among travelers, subsequently creating a security incident when some people rushed through security checkpoints. As a result, passengers from multiple concourses needed to return to checkpoints to be re-screened before boarding aircraft. Operations are returning to normal. We thank our partners at the TSA and Las Vegas Metropolitan Police Department for their quick response and assistance.” | https://www.kron4.com/news/loud-noise-at-harry-reid-airport-causes-panic-massive-delays/ | 2022-08-15T13:07:09Z | https://www.kron4.com/news/loud-noise-at-harry-reid-airport-causes-panic-massive-delays/ | true |
Lawyers for American basketball star Brittney Griner on Monday filed an appeal against her nine-year Russian prison sentence for drug possession, Russian news agencies reported Monday.
Griner, a center for the Phoenix Mercury and a two-time Olympic gold medalist, was convicted on Aug. 4. She was arrested in February at Moscow's Sheremetyevo Airport after vape canisters containing cannabis oil were found in her luggage.
Griner played for a women's basketball team in Yekaterinburg during the WNBA offseason.
Lawyer Maria Blagovolina was quoted by Russian news agencies on Monday as saying the appeal was filed, but the grounds of the appeal weren't immediately clear.
Blagovolina and co-counsel Alexander Boykov said after the conviction that the sentence was excessive and that in similar cases defendants have received an average sentence of about five years, with about a third of them granted parole.
Griner admitted that she had the canisters in her luggage, but said she had inadvertently packed them in haste and that she had no criminal intent. Her defense team presented written statements that she had been prescribed cannabis to treat pain.
Before her conviction, the U.S. State Department declared Griner to be “wrongfully detained.”
Secretary of State Antony Blinken took the unusual step of revealing publicly in July that the U.S. had made a “substantial proposal” to get Griner home home, along with Paul Whelan, an American serving a 16-year sentence in Russia for espionage.
Blinken didn't elaborate, but The Associated Press and other news organizations have reported that Washington has offered to free Viktor Bout, a Russian arms dealer who is serving a 25-year sentence in the U.S. and once earned the nickname the “Merchant of Death.”
On Sunday, a senior Russian diplomat said exchange talks have been conducted.
“This quite sensitive issue of the swap of convicted Russian and U.S. citizens is being discussed through the channels defined by our presidents," Alexander Darchiev, head of the Foreign Ministry’s North America department, told state news agency Tass. "These individuals are, indeed, being discussed. The Russian side has long been seeking the release of Viktor Bout. The details should be left to professionals, proceeding from the ‘do not harm’ principle.'" | https://www.kivitv.com/news/national/lawyers-appeal-brittney-griners-russian-prison-sentence | 2022-08-15T13:07:37Z | https://www.kivitv.com/news/national/lawyers-appeal-brittney-griners-russian-prison-sentence | true |
Seager, Sborz lead Rangers past Mariners 5-3
Posted/updated on: August 15, 2022 at 4:35 amAP ARLINGTON, Texas — — Corey Seager doubled twice and scored twice, including the tiebreaking run in the seventh inning, as the Texas Rangers beat the Seattle Mariners 5-3 on Sunday to win the three-game series.
Josh Sborz (1-0) struck out five of the seven batters he faced in the seventh and eighth innings, including all three in the eighth, and allowed only one walk. The five strikeouts were a career high, and the two innings matched his career-long outing through four seasons.
“He’s got closer stuff,” Texas manager Chris Woodward said. “That second inning was about as good as you can execute.”
The Rangers won two straight over the Mariners after losing nine consecutive games to Seattle.
It was the first series loss for the Mariners to an opponent other than Houston since mid-June. They remain in the second wild-card position in the American League.
Sborz’s outing following his first big league start on Friday night against Seattle as an opener, during which he took a liner off his right biceps in his only inning.
“I was fortunate it didn’t hit any lower, on any bone,” Sborz said. “Today it felt a lot better.”
Jose Leclerc pitched a perfect ninth inning for his first save since the delayed opening day in July 2020. After pitching one more game then, Leclerc missed the rest of the season and all of 2021 with multiple arm injuries.
Seager doubled to left field with two outs in the seventh, reached third on a wild pitch by Matt Brash (3-4) and scored on Adolis Garcia’s single. Nathaniel Lowe followed with his second double of the game, a ground-rule version to left, off Erik Swanson to score Seager.
The Mariners pulled even 3-all in the sixth when Julio Rodriguez reached on a throwing error by Seager at shortstop, allowing J.P. Crawford to score.
Texas regained the lead 3-2 in the fifth when Seager doubled, advanced to third on a groundout and scored on a wild pitch that bounced in front of the plate.
Mitch Haniger’s fifth-inning single that scored Dylan Moore to tie the score at 2 and extend his hitting streak to 11 games. That’s three games in late April before he was sidelined 88 games by an ankle injury and eight games since his return on Aug. 6.
Bubba Thompson gave the Rangers a 2-1 lead with a single that scored Lowe and Meibrys Viloria.
Seattle scored first on Sam Haggarty’s single through the hole on the left side to bring home Crawford.
Rangers starter Martin Perez allowed three runs — one earned — in six innings while throwing 105 pitches. He struck out seven and walked a season-high five.
Mariners starter Logan Gilbert gave up three runs on five hits in six innings, striking out four and walking four.
Gilbert went into play with a 1.02 ERA against Texas this season in 17 2/3 innings over three previous starts.
THIS JUST IN
A scoring change made Saturday from Thursday’s Rangers-White Sox game following a Texas challenge resulted in a new first career hit for Rangers OF Bubba Thompson. His fifth-inning grounder was initially scored an error.
The baseball was saved by assistant clubhouse manager Dave Bales in case the ruling was changed and was presented to Thompson on Saturday.
“I had forgotten about it,” Thompson said. “I’ll take it.”
SHORT HOPS
Lowe has a 20-game on-base streak, longest by a Ranger this season. … C Curt Casali made his Mariners debut, going 0 for 2 with a walk and a strikeout. Casali was acquired Aug. 2 from San Francisco and came off the injured list (right oblique strain) Thursday. … Rangers LHP Matt Moore began three days’ paternity leave. Moore was replaced by RHP Yerry Rodriguez, who was recalled from Triple-A Round Rock and hasn’t appeared in a big-league game.
TRAINER’S ROOM
Rangers RHP Joe Barlow (blister) was scheduled to pitch Sunday night for Double-A Frisco in a rehab assignment.
UP NEXT
Mariners: RHP Luis Castillo (5-4, 2.71 ERA) will make his third start with the club and face Angels RHP Shohei Ohtani (10-7, 2.68) to begin a three-game series in Anaheim.
Rangers: RHP Glenn Otto (4-8, 5.20) will open a four-game home series against Oakland on Monday night against RHP James Kaprielian (3-6, 4.38). Otto is 0-6 in his last nine starts.
—— | https://ktbb.com/post/?p=1153552 | 2022-08-15T13:08:45Z | https://ktbb.com/post/?p=1153552 | true |
A pre-planning application notice was brought before Lisburn and Castlereagh City Council at committee level recently.
The early stage notice is required ahead of any major planning proposals.
It has listed amendments to the car parking and landscaping layout for the entire development on the almost 14-hectare location to be attached to the previously approved plans at Dundonald.
The Ice Bowl has already received a £12m investment earlier this year from the UK ‘Leveling Up Fund’. The massive makeover of the Co Down leisure centre is estimated to reach a higher end of £50m for the complete re-development project.
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The post-Covid Westminster money will transform the iconic Dundonald venue with approval already given to demolish part of the visitor attraction to make way for the new look entertainment centre. The plans will see the creation of an Olympic size ice rink, ten pin bowling facility, children’s soft play area and a primary healthcare facility.
There is now due to be an open house public drop-in session at the Dundonald Ice Bowl on Tuesday, August 16 from 12noon to 7pm. Consultation material will also be on display as well as Dundonald library from August 17 to September 28 and online on the Ice Bowl’s website.
There must be at least 12 weeks given until a full planning application with the new amendments can be submitted in October. | https://www.newsletter.co.uk/business/consumer/multi-million-pound-overhaul-for-dundonald-ice-bowl-3805880 | 2022-08-15T13:14:35Z | https://www.newsletter.co.uk/business/consumer/multi-million-pound-overhaul-for-dundonald-ice-bowl-3805880 | false |
LOS ANGELES, Aug. 15, 2022 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Tupperware Brands Corporation ("Tupperware" or "the Company") (NYSE: TUP) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between November 3, 2021 and May 3, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before August 15, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Tupperware suffered from business challenges making it difficult to maintain revenues and profitability. These problems left the Company's full year 2022 guidance as unrealistic. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Tupperware, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
View original content to download multimedia:
SOURCE The Schall Law Firm | https://www.wbrc.com/prnewswire/2022/08/15/deadline-today-schall-law-firm-encourages-investors-tupperware-brands-corporation-with-losses-contact-firm/ | 2022-08-15T13:20:45Z | https://www.wbrc.com/prnewswire/2022/08/15/deadline-today-schall-law-firm-encourages-investors-tupperware-brands-corporation-with-losses-contact-firm/ | true |
How to choose healthier foods as students return to the classroom
JONESBORO, Ark. (KAIT) - Now that school is back in session, there’s a way parents can help their children get a strong start to their school day.
A balanced meal can supply the nutrients their body needs to work effectively.
So, where do you start?
We teamed up with Will Oliver, manager of NEA Baptist Center for Healthy Children and Wellness Works, to see how to find the perfect items for a healthy lunch.
“I would suggest they start in the produce sections. Fresh fruits, fresh veggies, and from there just work their way around the parameter of the grocery store picking out things from the food groups of MyPlate, which is the new recommendation from the USDA,” Oliver said.
It’s a method that’s proven to work.
Do you remember My Pyramid? Oliver says that’s now outdated. Instead, he said families should look to MyPlate for the perfect balance of fruits, vegetables, grains, protein, and dairy.
“If you stick to the parameter of the grocery store, you’re going to be able to pick up all of those items,” Oliver said.
We went shopping with Oliver at Bill’s Cost Plus SuperMarket on East Johnson Avenue. We started in the produce section where he pointed out that pre-packaged fruit, like strawberries, is an easy go-to for families.
But don’t just open those containers and start eating them.
“You always want to wash your fruits and vegetables after you buy them,” Oliver said. “You can take little Ziploc bags, you can divide these up evenly among the amount of kids you have.”
A go-to for many parents is fruit cups. Something Oliver says is a no-no.
“If we flip it over to the back and we look at the nutrition facts--we always want to look at the nutrition facts--we have 110 calories per serving, which if you think about this little cup that’s really a lot. But what we’re looking at is the grams of added sugar,” Oliver said. “So total sugar is 27, and it includes 17 grams of added sugar. Even though fruit as a food source already has sugar naturally occurring inside of it, they’ve added sugar to this cup to make it sweeter and to preserve the fruit inside of it.”
Oliver says you want to avoid items with added sugar and lots of sodium.
Another tip: avoid the middle aisles. They’re usually filled with items high in calories.
“If we’re doing that, we’re probably tailoring more towards foods that are calorie dense versus nutrient-dense,” Oliver said. “Whereas the ones that are going to be on the aisles, the chips, the cakes and cookies, and all those things, they are going to be low in nutrients, but very high in calories.”
But, he adds, everyone has their vices, and when making a transition to healthy eating with children, there can still be a give and take.
“As a health and wellness professional, I’m not an advocate for restricting people of the foods that they like to eat. I’m a champion of eating things in moderation,” Oliver said. “I personally love spicy nacho Doritos, so that’s the one thing I try to allow when I go grocery shopping.”
But whether you’re choosing a snack or something a little healthier, always read what you’re consuming.
“It’s important to just look on the back, know the ingredients, the nutrients, and how it was prepared,” Oliver said.
One of the biggest things parents can do to help their children is to choose a healthier lifestyle themselves.
“Parents set the example,” said Oliver. “It’s going to be really hard to persuade your child to adopt a healthier lifestyle if they don’t see you doing the same thing.”
To help get started, Oliver offers a basic meal for children.
“If we stick to our MyPlate model, I’m a big fan of baby carrots. So, we got our veggies there. Bananas are really easy, low mess, and low maintenance. For protein, you can grab some chicken breast, you can cut that up into strips, and you can season it how you want. I recommend going light on the seasoning cause of sodium. Kind of want to stay low on that. Dairy, you can also go with the cartons of milk. My personal favorite, I really like string cheese, which you can also pick up on the parameters of most groceries stores, and then grains; you can do rice, you can do quinoa, and you can even throw in some slices of whole wheat bread, and that would be a really easy meal.”
That’s exactly what it comes down to, easy meals even if you’re on a budget.
Oliver said one misconception is inflation and the price of food when choosing to eat healthier. He says you can still eat healthy with prices being higher and even on a budget because you need less food to help you feel satiated.
“We don’t necessarily have to eat to a point we feel miserable. What happens is that we get accustomed to all of these foods that are low density or calorie dense and don’t have a lot of nutrients. As a result, they don’t sit on your stomach very long, so you don’t feel full until you eat more, and then you’re hungry an hour or two later,” he said. “Whereas if you eat foods that are nutrient-dense, you have to eat less of that particular food to start to feel full. You don’t really ever get to that point where you feel miserable or super stuffed eating foods that are super nutritious.”
He says there’s also a bigger picture when it comes to being healthy as a whole.
While food plays a huge role in good health, mindset, exercise and sleeping also play a part.
“Kids associate doing many things with eating,” Oliver said. “Breaking that can help with breaking overeating.”
For more information about healthy choices for your family or to learn more about the Center of Healthy Children, contact him at Will.OliverIII@BMHCC.org or click here.
To learn more about MyPlate, tools, resources, and recipes, click here.
Copyright 2022 KAIT. All rights reserved. | https://www.kait8.com/2022/08/15/how-choose-healthier-foods-students-return-classroom/ | 2022-08-15T13:20:48Z | https://www.kait8.com/2022/08/15/how-choose-healthier-foods-students-return-classroom/ | false |
~ Debt Financing Further Extends Maturity Profile ~
DELRAY BEACH, Fla., Aug. 15, 2022 /PRNewswire/ -- UpHealth, Inc. ("UpHealth" or the "Company") (NYSE: UPH), a global digital health company delivering technology platforms, infrastructure, and services to modernize care delivery and health management, today announced the sale of $67.5 million in aggregate principal amount of a new series of variable rate convertible senior secured notes due December 15, 2025 (the "2025 Notes") in a private placement transaction, raising approximately $22.5 million in gross cash proceeds after paying for a repurchase of $45.0 million of its 6.25% convertible senior notes due 2026. The 2025 Notes are convertible into shares of UpHealth common stock at a conversion price of $1.75 per share, which represents a 101% premium over the most recent closing price of UpHealth's common stock.
The 2025 Notes will be senior secured obligations of UpHealth and will accrue interest at a rate equal to the daily secured overnight financing rate ("SOFR") plus 9.0% per annum, with a minimum rate of 10.5% per annum, payable quarterly in arrears. The 2025 Notes will mature on December 15, 2025, unless earlier repurchased, redeemed or converted. Holders will have the right to convert their 2025 Notes at any time. UpHealth will settle conversions solely in shares of its common stock, except for payments of cash in lieu of fractional shares.
"We are pleased to announce this milestone transaction. Importantly, the proceeds of this offering will be used to repay the outstanding Seller Notes that mature on September 1, 2022, as well as provide us with the liquidity to execute against our growth plans," commented Martin Beck, CFO of UpHealth. "This transaction provides us with more than three years until any significant borrowings reach maturity, while maintaining the Company's total leverage."
The 2025 Notes were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and, along with the shares of common stock underlying the 2025 Notes, have not been registered under the Securities Act or applicable state securities laws. Accordingly, the 2025 Notes and the underlying shares of common stock may not be offered, sold, pledged or otherwise transferred except to a qualified institutional buyer (within the meaning Rule 144A under the Securities Act) pursuant to an effective Securities Act registration statement or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
Oppenheimer & Co Inc. served as exclusive placement agent for the 2025 Notes.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
UpHealth is a global digital health company that delivers digital-first technology, infrastructure and services to dramatically improve how healthcare is delivered and managed. The UpHealth platform creates digitally enabled "care communities" that improve access and achieve better patient outcomes at lower cost, through digital health solutions and interoperability tools that serve patients wherever they are, in their native language. UpHealth's clients include global governments, health plans, healthcare providers and community-based organizations. For more information, please visit https://uphealthinc.com and follow us at @UpHealthInc on Twitter and UpHealth Inc on LinkedIn.
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Such forward-looking statements include, but are not limited to, statements regarding payments pursuant to the terms of UpHealth's debt obligations and the conversion or maturity of such debt. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on certain assumptions and analyses made by the management of UpHealth in light of their respective experience and perception of historical trends, current conditions, and expected future developments and their potential effects on UpHealth as well as other factors they believe are appropriate in the circumstances. There can be no assurance that future developments affecting UpHealth will be those anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the parties), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including the ability of UpHealth to service or otherwise pay its debt obligations, the mix of services utilized by UpHealth's customers and such customers' needs for these services, market acceptance of new service offerings, the ability of UpHealth to expand what it does for existing customers as well as to add new customers, that UpHealth will have sufficient capital to operate as anticipated, and the impact that the novel coronavirus and the illness, COVID-19, that it causes, as well as government responses to deal with the spread of this illness and the reopening of economies that have been closed as part of these responses, may have on UpHealth's operations, the demand for UpHealth's products, global supply chains and economic activity in general. Should one or more of these risks or uncertainties materialize or should any of the assumptions being made prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.
Investor Relations:
Shannon Devine (MZ North America)
Managing Director
203-741-8811
UPH@mzgroup.us
Media Inquiries:
Kelsie Aziz (Ketchum)
Vice President, Financial Communications
972-408-7103
kelsie.aziz@Ketchum.com
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SOURCE UpHealth, Inc. | https://www.wflx.com/prnewswire/2022/08/15/uphealth-announces-675-million-convertible-debt-financing/ | 2022-08-15T13:24:06Z | https://www.wflx.com/prnewswire/2022/08/15/uphealth-announces-675-million-convertible-debt-financing/ | true |
WFO CORPUS CHRISTI Warnings, Watches and Advisories for Monday, August 15, 2022
_____
FLASH FLOOD WARNING
Flash Flood Statement
National Weather Service Corpus Christi TX
753 AM CDT Mon Aug 15 2022
...FLASH FLOOD WARNING WILL EXPIRE AT 8 AM CDT THIS MORNING FOR
NORTHWESTERN JIM WELLS, NORTHWESTERN KLEBERG AND WEST CENTRAL NUECES
COUNTIES...
Flood waters have receded. The heavy rain has ended. Flooding is no
longer expected to pose a threat. Please continue to heed remaining
road closures.
A Flood Watch remains in effect until 700 PM CDT Monday for a
portion of south Texas.
_____
Copyright 2022 AccuWeather | https://www.theridgefieldpress.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17373905.php | 2022-08-15T13:25:48Z | https://www.theridgefieldpress.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17373905.php | true |
KALAMAZOO COUNTY, MI – Multiple people were injured Monday, Aug. 15, in a crash that shut down eastbound I-94 for several hours.
The crash was reported around 3:30 a.m. in Comstock Township. Two cars and a semi-tractor trailer were involved, Kalamazoo County sheriff’s deputies said.
Some of the occupants of the cars were trapped inside and were removed by Comstock Fire & Rescue. The injured were taken to Bronson Methodist Hospital.
The eastbound lanes of the highway were closed until 6:13 a.m. The crash remains under investigation.
Read more:
Police search for man who shot at officers and others in Kalamazoo, find mask
Fairy Arch, the Musical Well: Fascinating forgotten spots on Mackinac Island
Whitmer declares state of emergency for 4 counties, after water main break, boil water advisory | https://www.mlive.com/news/kalamazoo/2022/08/multiple-injuries-in-crash-that-shut-down-eastbound-i-94.html | 2022-08-15T13:25:59Z | https://www.mlive.com/news/kalamazoo/2022/08/multiple-injuries-in-crash-that-shut-down-eastbound-i-94.html | false |
Sales of Livly's innovative multifamily software hit an all-time high of 22,513 apartment units in July 2022, a 70% increase over the previous month.
CHICAGO, Aug. 15, 2022 /PRNewswire/ -- Livly, the nation's leading enterprise-grade resident experience provider, reported record-breaking sales in July 2022 of 22,513 apartment units nationwide, a 70% increase compared with June 2022's previous all-time high record of over 13,000 units. The innovative proptech company has continued to build momentum in the multifamily market every month in 2022 and its growth is notably driven by its advancement of new apartment app features, services, and resident events that expand the breadth of the Livly Operating System: "LivlyOS".
"Property managers and residents are the foundation of the multifamily industry, and the impressive amount of growth we saw in July goes to show that more and more apartment communities want to use simple, modern technology," said Alex Samoylovich, the Co-CEO and Founder of Livly. "Livly's focus is to set up our property managers for success, especially against rising resident expectations. That's why we provide them with tools, services, and functionality to confidently grow their communities and produce stellar event experiences for their residents. The results from this year thus far propel us forward to keep making apartment living better for everyone."
Livly's best-in-class, unified operating system digitizes property operations for multifamily communities across 137 U.S. cities, including offering an array of AI-powered services like the elegant Livly Resident Mobile App, the online Livly Property Hub, and resident events. By offering modern, simple, and fully-integrated solutions, combined with best-in-class customer service, Livly has created a "one-stop-shop" offering for Property Managers who are looking for a cost-effective way to elevate resident experiences and increase revenue.
Livly's July expansion into over 22K apartment homes was spread across 14 U.S. states and 54 cities. The company's growth strategy has led the company to 38 states this year alone.
"Livly has become the preferred PMS solution by Property Managers," stated Brian Duggan, Co-CEO of Livly. "We don't take that lightly and will continue to evolve and innovate to best serve the needs of multifamily professionals and their residents."
About Livly, Inc.
Livly, Inc. is revolutionizing apartment living and powering communities across the globe. Founded in Chicago in 2017, Livly has built the first unified enterprise-grade operating system tailored specifically for residential properties. The AI-powered Livly operating system serves as the remote control for apartment living, connecting residents, guests, staff, and vendors with state-of-the-art software, access controls, services, and robust data analytics. For more information about Livly, please visit www.livly.io.
Radhika Sen
Company: Livly
Contact: radhika@livly.io
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SOURCE Livly | https://www.1011now.com/prnewswire/2022/08/15/livly-hits-record-breaking-sales-july-2022/ | 2022-08-15T13:26:01Z | https://www.1011now.com/prnewswire/2022/08/15/livly-hits-record-breaking-sales-july-2022/ | true |
SAN JUAN, Puerto Rico, Aug. 15, 2022 /PRNewswire/ -- Vivaris Capital, LLC, a multi-strategy fund offering hybrid hedge and private equity structures, announced today that it has partnered with Salt Lake City-based B10 Capital to offer private investors, family offices, and businesses a free personalized assessment regarding how best to defer and/or eliminate capital gains and income taxes.
In conjunction with B10 Capital, Vivaris Capital will help clients focus on reducing, deferring, and mitigating the impact of income tax or capital gains tax. B10 Capital helps clients strategically plan for more efficiencies with ordinary income and capital gains tax liabilities through the utilization of specialized tax credit filings as well as highly sophisticated tax strategies.
The money that clients save with more efficient tax positions may then be invested with Vivaris Capital, currently raising capital from industry partners, financial institutions, family offices, and individual investors for the VICAN Fund. The VICAN Fund provides investors with access to institutional quality alternative investments with high-growth, high-return potential while securing their principal.
"Many business owners will spend hours writing off business expenses like insurance, utilities, and payroll, yet they are not aware of more impactful strategies to reduce their taxes. Most see taxes as an inevitable cost with few offset options. Fortunately, there are powerful ways to reduce and offset taxes and we're proud to bring these experts' strategies to our clients and friends," said President and CEO J. Christopher Mizer.
"We are constantly surprised by the amount of businesses that are eligible but are not claiming their tax credits for Research and Development, 179D deductions, cost segregation benefits or benefiting from strategic charitable contributions, and much more. Our team is dedicated to simplifying sophisticated tax and financial innovations to make them accessible to those who need them most," said B10 Capital Regional Director-Texas Julienna Viegas.
The VICAN Fund is led by President and Chief Executive Officer J. Christopher Mizer, a 25-year veteran of the alternative investment industry who founded Vivaris Capital in 1998 to invest in and acquire middle-market businesses in a broad range of industries that are leaders in their market niches. He is supported by an eight-member team that includes leading physicians, environmental and climate technology experts, alternative investment professionals, and global finance and business specialists.
For further information, visit https://www.vivariscapital.com/, call +1.619.727.8497 or email vican@vivariscapital.com.
About B10 Capital
B10 Capital helps business owners, entrepreneurs, creators, and qualified individuals access non-obvious tax credits solutions and financial strategies that help maximize their liquidity, flexibility, and long-term financial security.
About Vivaris Capital
Vivaris Capital, LLC invests in and acquires middle-market businesses in healthcare, life sciences, and technology that are leaders in their market niches. The Vivaris team is led by J. Christopher Mizer who is the chairman of each of the portfolio companies and guides key strategic decisions and their execution. He also serves as the operating president on an interim basis when companies are going through periods of ownership succession and new management team members are being assembled.
Media Contact:
Charlotte Luer
+1.239.404.6785
cluer@vivariscapital.com
Disclaimers:
This press release is neither an offer to sell nor the solicitation of an offer to buy any security. Only the Private Placement Memorandum can make such an offer. The Private Placement Memorandum must be read in order to fully understand all of the implications and risks of the offering of securities to which it relates.
Vivaris Capital does not offer investment, tax, financial, or legal advice, nor do we endorse any products, investments, or companies that provide such advice and investments. All parties are strongly encouraged to perform their due diligence and consult with the appropriate professional(s) licensed in that area before entering any investment. Performing due diligence helps protect against fraud.
No information presented should be used or considered as an offer to sell or a solicitation of an offer to buy any interest in any investment fund. Any such offer or solicitation can and will be made only by means of the confidential offering memorandum of each such investment fund, and only in jurisdictions in which such an offer would be lawful and only to individuals who meet the investor suitability and sophistication requirements of each such investment fund, including qualifying as "accredited investors" within the meaning of the Securities Act of 1933, as amended and "qualified purchasers" within the meaning of the Investment Company Act of 1940, as amended. Access to information about the investment funds is similarly limited to individuals who meet the applicable investor suitability and sophistication requirements.
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SOURCE Vivaris Capital, LLC | https://www.wbrc.com/prnewswire/2022/08/15/vivaris-capital-llc-partners-with-b10-capital-provide-business-assessment-support/ | 2022-08-15T13:26:14Z | https://www.wbrc.com/prnewswire/2022/08/15/vivaris-capital-llc-partners-with-b10-capital-provide-business-assessment-support/ | true |
WILSON, N.C. (AP) — A sport utility vehicle crashed into a North Carolina fast-food restaurant on Sunday, killing two sibling customers, police said.
The single-vehicle crash occurred at about 9:45 a.m. at a Hardee’s restaurant in the city of Wilson, around 40 miles (65 kilometers) east of the state capital, Raleigh.
The Lincoln Aviator struck brothers Christopher Ruffin, 58, and Clay Ruffin, 62, both from Wilson, according to a police news release. Christopher Ruffin was pronounced dead at the scene, while his brother died at ECU Health Medical Center in Greenville.
Photos from the scene showed the silver SUV appeared to have gone through the front windows, coming to a stop inside the dining area atop broken glass and window frames.
Another customer was examined by emergency medical personnel but didn’t go to the hospital, said police Sgt. Eric McInerny.
Police identified the driver as Jesse Lawrence, 78, of Wilson, who was treated at Wilson Medical Center and released. The investigation was still ongoing, but police said they didn’t believe the crash to be medical- or impairment-related.
No charges had been announced late Sunday afternoon. | https://pix11.com/news/national-news/ap-national/police-2-dead-after-suv-crashes-into-n-carolina-restaurant/ | 2022-08-15T13:26:29Z | https://pix11.com/news/national-news/ap-national/police-2-dead-after-suv-crashes-into-n-carolina-restaurant/ | true |
FORT LAUDERDALE, Fla. (AP) — A defense mental health expert in the penalty trial of Florida school shooter Nikolas Cruz can pinpoint when he realized the 23-year-old mass murderer still has “irrational thoughts” — the two were making small talk when Cruz began describing plans for an eventual life outside prison.
Wesley Center, a Texas counselor, said that happened last year at the Broward County jail as he fitted Cruz’s scalp with probes for a scan to map his brain. The defense at hearings this week will try to convince Circuit Judge Elizabeth Scherer that Center and other experts should be allowed to testify at Cruz’s ongoing trial about what their tests showed, something the prosecution wants barred.
“He had some sort of epiphany while he was in (jail) that would focus his thoughts on being able to help people,” transcripts show Center told prosecutors during a pretrial interview this year. “His life’s purpose was to be helping others.”
Cruz, of course, will never be free. Since his arrest about an hour after he murdered 14 students and three staff members at Parkland’s Marjory Stoneman Douglas High School on Feb. 14, 2018, there has never been any doubt his remaining years would be behind bars, sentenced to death or life without parole. Surveillance video shows him mowing down his victims with an AR-15-style semiautomatic rifle and he confessed, eventually pleading guilty in October.
Prosecutors made their argument for death to the seven-man, five-woman jury and 10 alternates over three weeks, resting their case Aug. 4 after the panel toured the still-bloodstained, bullet-pocked classroom building where the massacre happened.
The jurors also watched graphic surveillance videos; saw gruesome crime scene and autopsy photos; received emotional testimony from teachers and students who witnessed others die; and heard from tearful and angry parents, spouses and other family members about the victims and how their loved one’s death impacted their lives. They watched video of the former Stoneman Douglas student calmly ordering an Icee minutes after the shooting and, nine months later, attacking a jail guard.
Soon, it will be Cruz’s attorneys arguing why he should be spared, hoping to convince at least one juror their mitigating factors outweigh the prosecution’s aggravating circumstances — a death sentence must be unanimous.
But first, the trial took last week off to accommodate some jurors’ requests to deal with personal matters. The jury will also be absent this week as the sides argue before Scherer, who will decide whether brain scans, tests and other evidence the defense wants to present starting Aug. 22 is scientifically valid or junk, as the prosecution contends.
Center’s test and its findings will be subject to contentious debate. Called a “quantitative electroencephalogram” or “qEEG,” its backers say it provides useful support to such diagnoses as fetal alcohol syndrome, which Cruz’s attorneys contend created his lifelong mental and emotional problems.
EEGs have been common in medicine for a century, measuring brainwaves to help doctors diagnose epilepsy and other brain ailments. But the qEEG analysis, which has been around since the 1970s, goes a step farther — a patient’s EEG results are compared to a database of brainwaves taken from normal or “neurotypical” people. While qEEG findings cannot be used to make a diagnosis, they can support findings based on the patient’s history, examination, behavior and other tests, supporters contend.
A “qEEG can confirm what you already know, but you can’t create new knowledge,” Center told prosecutors in his interview.
Dr. Charles Epstein, an Emory University neurology professor, reviewed Center’s findings for the prosecution. In a written statement to Scherer, he said EEGs using only external scalp probes like the one given Cruz are imprecise, making Center’s qEEG results worthless.
“Garbage in, garbage out,” he wrote.
Florida judges have given mixed rulings about allowing qEEGs since 2010, when the test helped a Miami-area man escape a death sentence for fatally stabbing his wife and severely wounding her mentally disabled 11-year-old daughter. Some judges have since allowed their admission, while others barred them. Scherer, who is overseeing her first death penalty trial, has never had a case where the defense tried to present a qEEG report.
Even if Scherer bars the test, lead defense attorney Melisa McNeill and her team still have evidence that Cruz’s brain likely suffered damage in the womb, including statements by his late birth mother that she abused alcohol and cocaine during pregnancy.
They also have reports giving circumstantial evidence of his mental illness. Cruz got kicked out of preschool for hurting other children. During his years in public school, he spent significant time at a center for students with emotional issues. He also received years of mental health treatment.
Then there are his life circumstances. Cruz’s adoptive father died in front of him when he was 5; he was bullied by his younger brother and his brother’s friends; he was allegedly abused sexually by a “trusted peer;” he cut himself and abused animals; and his adoptive mother died less than four months before the shooting.
His youth will also be an issue — he was 19 when the shooting happened.
Attorneys not involved in the case say if Scherer wants to avoid having a possible death sentence overturned on appeal, she should give the defense wide latitude on what it presents so jurors can fully assess his life and mental health.
“If it’s a close call, I think she is going to bend to the defense — and the prosecution is not going to be happy,” said David S. Weinstein, a Miami criminal defense lawyer and former prosecutor. | https://pix11.com/news/national-news/ap-national/school-shooters-brain-exams-to-be-subject-of-court-hearing/ | 2022-08-15T13:26:49Z | https://pix11.com/news/national-news/ap-national/school-shooters-brain-exams-to-be-subject-of-court-hearing/ | false |
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GILLETTE, Wyo. (AP) — The rolling prairie lands of northeastern Wyoming have been a paradise of lush, knee-deep grass for sheep, cattle and pronghorn antelope this summer.
But it’s a different green — greener energy — that geologist Fred McLaughlin seeks as he drills nearly two miles (3.2 kilometers) into the ground, far deeper than the thick coal seams that make this the top coal-mining region in the United States. McLaughlin and his University of Wyoming colleagues are studying whether tiny spaces in rock deep underground can permanently store vast volumes of greenhouse gas emitted by a coal-fired power plant.
This is the concept known as carbon storage, long touted as an answer to global warming that preserves the energy industry's burning of fossil fuels to generate electricity.
So far, removing carbon dioxide from power plant smokestacks and pumping it underground hasn't been feasible without higher electricity bills to cover the technique's huge costs. But with a $2.5 billion infusion from Congress last year and now bigger tax incentives through the Inflation Reduction Act passed by Congress on Friday, researchers and industry continue to try.
One goal of McLaughlin’s project is to preserve the lifespan of a relatively new coal-fired power plant, Dry Fork Station, run by Basin Electric Power Cooperative. State officials hope it will do the same for the whole beleaguered coal industry that still underpins Wyoming’s economy. The state produces about 40% of the nation’s coal but declining production and a series of layoffs and bankruptcies have beset the Gillette area’s vast, open-pit coal mines over the past decade.
While the economics of carbon storage remain uncertain at best, McLaughlin and others are confident in the technology.
“The geology exists,” McLaughlin said. “It is a resource we’re looking for — and the resource is pore space.”
HOW IT WORKS
By pore space, McLaughlin doesn’t mean skin care but microscopic spaces between grains of sandstone deep underground. Countless such spaces add up: Enough, he hopes, to hold 55 million tons (50 million metric tons) of carbon dioxide over 30 years.
McLaughlin and his team used the same drill rigs as the oil industry to bore their two wells almost 10,000 feet (3,000 meters), taking core samples from nine geological formations in the process. The researchers will study how injection at one well, using saltwater as a stand-in for liquid carbon dioxide, could affect fluid behavior at the other.
"It's basically like a call and response, if you want to think of it that way," McLaughlin said. “We can ground truth our simulations.”
McLaughlin's team also does a lot of lab work on carbon sequestration back at the University of Wyoming School of Energy Resources in Laramie, studying on a microscopic scale how much carbon dioxide different sandstone layers can hold. They model on computers how much carbon dioxide, well by well, could be pumped underground north of Gillette.
Eventually they want to advance to carbon dioxide captured from the smoke plume at nearby Dry Fork Station, using a technique developed by California-based Membrane Technology and Research, Inc.
WYOMING'S CARBON DREAMS
With an eye toward carbon storage, Wyoming in 2020 became one of just two states, along with North Dakota, to take over from the U.S. Environmental Protection Agency primary authority to issue the kind of permit McLaughlin and his team will need to pump large volumes of carbon dioxide, pressurized into a high density “supercritical” state, underground.
Besides the permit, the geologists will also need more funding. The U.S. Department of Energy Carbon Storage Assurance Facility Enterprise (CarbonSAFE) program is funding 24 carbon capture and storage projects nationwide, and this is one of the furthest along.
Such projects were likely already eligible for some of the roughly $2.5 billion in last year's infrastructure bill. Now the new Inflation Reduction Act will boost the “45Q” tax credit for electricity producers who sequester their carbon from $50 to $85 per ton.
Pumping carbon dioxide underground is nothing new. For decades, the oil and gas industry has used carbon dioxide, after it's separated from the methane sold for fueling stoves and furnaces, to recharge aging oil fields.
UNTIL NOW, FAILED EXPERIMENTS
Critics, however, point out the process is expensive to use at power plants and provides a lifeline of sorts to the coal, oil and natural gas industries when the world, in their view, should stop using fossil fuels altogether.
To date, only one commercially-operational, large-scale project in the U.S. has pumped carbon dioxide from a power plant underground. But to defray costs, NRG Energy’s Petra Nova coal-fired power plant outside Houston sold its carbon dioxide to increase local oil production.
After three years in operation, Petra Nova closed in 2020, when low oil prices made using the gas to recharge a nearby oil field unprofitable.
In December, a U.S. Government Accountability Office review found that Petra Nova was the only one of eight carbon capture and storage projects at coal-fired plants to actually go into operation, after getting $684 million in Department of Energy funding since 2009.
Some communities that have dealt for years with industrial air pollution also worry that companies will use promises of carbon storage as a way to expand.
For Massachusetts Institute of Technology research engineer Howard Herzog, a carbon capture and storage pioneer, the question isn't whether the technique is technically feasible at scale. He's certain that it is. But whether it can be economically feasible is a different matter.
“People are starting to take it more seriously even though fundamentally changing our energy systems is not an easy task,” Herzog said. “It’s not something you do in the short term. You’ve got to really set the policy in place and we still haven’t really done that.”
It may be expensive, said Herzog. But doing nothing when it comes to climate, “may be much more expensive.”
___
Follow Mead Gruver at https://twitter.com/meadgruver | https://www.expressnews.com/business/article/New-climate-deal-spurs-hopes-of-more-carbon-17373782.php | 2022-08-15T13:29:23Z | https://www.expressnews.com/business/article/New-climate-deal-spurs-hopes-of-more-carbon-17373782.php | false |
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© 2022 Google LLC | https://www.youtube.com/watch?v=CzMAcPEo8S0 | 2022-08-15T13:29:37Z | https://www.youtube.com/watch?v=CzMAcPEo8S0 | false |
Destrehan, Louisiana couple recognized for commitment to healthy, active living
NASHVILLE, Tenn., Aug. 15, 2022 /PRNewswire/ -- SilverSneakers® by Tivity Health®, the nation's leading community fitness program for older Americans, announced today the national winner of its 18th annual SilverSneakers Member of the Year Award. The award honors a SilverSneakers member or members who inspire and motivate other seniors through health, physical activity, and community.
This year's recipient is a couple—Mary and Larry St. Germain of Destrehan, LA. The St. Germains are recognized for their embodiment of wellness through movement, social engagement and community involvement.
Married for 59 years, the couple is committed to staying active through SilverSneakers because of Larry's family history of heart disease and his suffering a heart attack at only 42 years old. The St. Germains have been SilverSneakers members for ten years and attend multiple classes a week at Destrehan Anytime Fitness. The couple attends SilverSneakers classes as a benefit through Humana, their Medicare Advantage plan.
"Mary and Larry St. Germain represent the great group of Member of the Year nominees who inspire and encourage others to improve their health through physical activity. We are thrilled to honor them as SilverSneakers' Member of the Year," said Richard Ashworth, president and CEO of Tivity Health. "The St. Germains exemplify the tremendous strength and commitment our members have to maintain their health and vitality."
Larry loves community engagement and often dresses up as Batman to entertain children at schools and church fairs, even working with Make-A-Wish Foundation to help make a local boy's wish come true. Recently, Mary had a knee replacement. Her doctor attributed her ability to bounce back quickly to her activity with SilverSneakers and encouraged her to get back to working out as soon as she could.
"The past 11 years have meant a lot to us. Experiencing a heart attack at 42 was a wake-up call, and I owe everything to SilverSneakers for allowing me to be as active as I am in my health right now," said Larry St. Germain. "If we can change one person's idea about being active at our age, then we did our job of making a difference."
"It's such an unbelievable, amazing feeling to receive such an honorable award – it really means the world to us," said Mary St. Germain. "Our fellow gym members and teachers are family, and their votes and support made this possible."
The St. Germains will be honored alongside nine other SilverSneakers members who were selected as finalists for the award. A public online vote determined the national winner. Read more about the SilverSneakers Member of the Year winner and finalists: SilverSneakers.com/MOYAward.
Over the past two years, many SilverSneakers members have transitioned to live, instructor-led and On-Demand virtual classes to help them stay connected and keep active while also staying safe. SilverSneakers currently offers thousands of live virtual classes each week in addition to a network of over 22,000 fitness locations nationwide.
Currently, more than 18 million Americans are eligible for SilverSneakers at no additional cost through Medicare Advantage, group retiree and Medicare Supplement plans. SilverSneakers encourages members to participate in health and fitness programs through a wide variety of offerings that include strength training, aerobic workouts, and flexibility exercises designed specifically for a Medicare-eligible population. SilverSneakers members have free access to classes for all fitness levels led by SilverSneakers instructors, as well as opportunities to engage socially to help achieve optimal health.
About SilverSneakers
SilverSneakers®, by Tivity Health®, is the nation's leading community fitness program for Medicare eligible Americans. The program was founded in 1992 and is available to more than 18 million Americans through many Medicare Advantage plans, Medicare Supplement carriers, and group retiree plans. For more information, to check eligibility or to enroll in the program or sign up for a SilverSneakers newsletter, go to silversneakers.com.
About Tivity Health
Tivity Health® Inc., is a leading provider of healthy life-changing solutions, including SilverSneakers®, Prime® Fitness and WholeHealth Living®. We help adults improve their health and support them on life's journey by providing access to in-person and virtual physical activity, social, and mental enrichment programs, as well as a full suite of physical medicine and integrative health services. We continue to enhance the way we direct members along their journey to better health by delivering an insights-driven, personalized, interactive experience. Our suite of services supports health plans nationwide as they seek to reduce costs and improve health outcomes. At Tivity Health, we deliver the resources members need to live healthier, happier, more connected lives. Learn more at www.tivityhealth.com.
Contact:
Debbie Jacobson
Tivity Health
Debbie.jacobson@tivityhealth.com
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SOURCE Tivity Health, Inc. | https://www.kalb.com/prnewswire/2022/08/15/silversneakers-announces-2022-member-year/ | 2022-08-15T13:29:48Z | https://www.kalb.com/prnewswire/2022/08/15/silversneakers-announces-2022-member-year/ | true |
TOKYO (AP) — Japan’s Prime Minister Fumio Kishida renewed Japan’s no-war pledge at a somber ceremony Monday as his country marked the 77th anniversary of its World War II defeat, but he did not mention Japanese wartime aggression.
In his first address as prime minister since taking office in October, Kishida said Japan will “stick to our resolve to never repeat the tragedy of the war.”
Kishida did not mention Japanese aggression across Asia in the first half of the 20th century or the victims in the region. The omission was a precedent set by the assassinated former leader Shinzo Abe, who had pushed to whitewash Japan’s wartime brutality.
Kishida largely focused on the damages Japan suffered on its turf — the U.S. atomic bombings on Hiroshima and Nagasaki, massive firebombings across Japan and the bloody ground battle on Okinawa. He said the peace and prosperity that the country enjoys today is built on the suffering and sacrifices of those who died in the war.
Beginning in 2013, Abe stopped acknowledging Japan’s wartime hostilities or apologizing in his Aug. 15 speeches, scrapping the tradition that began in 1995.
Emperor Naruhito repeated his “deep remorse” over Japan’s wartime actions in a nuanced phrase in his speech, like his father, Emperor Emeritus Akihito, who devoted his career to making amends for a war fought in the name of the wartime emperor, Hirohito, the current emperor’s grandfather.
Some 900 participants observed a minute of silence at noon during the ceremony held at the Budokan arena. The crowd was reduced from about 5,000 before the pandemic, participants were asked to wear masks, and there was no singing of the national anthem.
While Kishida on Monday stayed away from praying at the Yasukuni Shrine and sent a religious ornament instead, three of his Cabinet members visited — Economic Security Minister Sanae Takaichi and Disaster Reconstruction Minister Kenya Akiba earlier Monday and Trade and Industry Minister Yasutoshi Nishimura on Saturday.
“I paid respects to the spirits of those who sacrificed their lives for the national policy,” Takaichi told reporters, adding that she also prayed so that there will be no more war dead in Ukraine.
Victims of Japanese actions during the first half of the 20th century, especially China and the Koreas, see the shrine as a symbol of Japanese militarism because it honors convicted war criminals among about 2.5 million war dead.
China’s Foreign Ministry spokesperson Wang Wenbin, on Sunday after Nishimura’s visit, criticized it as “Japanese government’s erroneous attitude toward historical issues.”
Wang urged Japan to “deeply reflect on its history of aggression, properly handle relevant issues with a sense of responsibility and win the trust of its Asian neighbors and the larger international community through concrete actions.” | https://www.myarklamiss.com/news/international/japan-marks-wwiis-end-kishida-doesnt-mention-aggression/ | 2022-08-15T13:30:46Z | https://www.myarklamiss.com/news/international/japan-marks-wwiis-end-kishida-doesnt-mention-aggression/ | false |
KALAMAZOO — The Traverse City Pit Spitters now find themselves in a must-win situation if they are to defend their 2021 Northwoods League championship.
The Pit Spitters fell victim to the Kalamazoo Growlers in comeback fashion in the first game of the best-of-three playoff series at Homer Stryker Fielder, losing 5-4 on Sunday.
The Pit Spitters dominated the second half of the season in the Great Lakes East, going 27-9 and winning the division by seven games in the second half and coming back to win the entire division by eight games to make the postseason. The Growlers struggled and went 14-21 in the second half, but Kalamazoo won five straight to end the regular season.
And now the Growlers have won six straight.
Traverse City pulled ahead in the top of the second inning when Sam Tackett deposited a 2-0 pitch over the left-field fence for a two-run homer, scoring Camden Traficante who walked to lead off the inning.
The Pit Spitters threatened to score more in the frame and had men at the corners with two outs, but Marshall Toole flied out to right field to keep the score at just 2-0.
The Growlers, who earned their playoff berth after winning the Great Lakes East Division in the first half of the season, cut the Spitters’ lead in half in the bottom of the third. Anthony Stephan grounded out to the shortstop to bring in Zach Spradlin, who led off the inning with a five-pitch walk.
Traverse City pushed its lead to three runs at 4-1 in the top of the fifth. Alec Atkinson led off with a single and then scored two pitches later when Evan Orzech ripped a triple into right. Orzech scampered home two batters later on a Brennen Dorighi single past the shortstop.
But the Growlers refused to go away.
Kalamazoo clawed back with a single run in the bottom of the fifth. Spradlin reached on an error to lead off the frame and then later scored on a Vince Bianchina single to left to make it 4-2.
Myles Beale brought the Growlers to within one at 4-3 with a two-out solo home run to right in the bottom of the sixth. Kalamazoo would go ahead for good with two more runs in the bottom of the seventh.
Spradling scored his third run of the game after doubling to lead off the inning and then touching home plate on a Stephan home run to right that made it 5-4.
Brody Ware set down the Spitters in order on just nine pitches in the top of the eighth, and Logan Bursick-Harrington nailed down the save in the ninth. Toole singled off Bursick-Harrington to put the tying run on base and bring the go-ahead run to the plate in the form of Dorighi, but the closer came back from a 3-0 count to get Dorighi on strikes to end the mild threat.
The Pit Spitters look to avoid elimination Monday when they come back to Traverse City for game two of the three-game set. Aaron Forrest (4-1, 2.57 ERA) gets the start for the Spitters.
First pitch is scheduled for 7:05 p.m. at Turtle Creek Stadium. | https://www.record-eagle.com/sports/traverse-city-pit-spitters-fall-to-kalamazoo-growlers-in-first-game-of-playoffs/article_86896b04-1c2f-11ed-9754-e7b31690b923.html | 2022-08-15T13:31:09Z | https://www.record-eagle.com/sports/traverse-city-pit-spitters-fall-to-kalamazoo-growlers-in-first-game-of-playoffs/article_86896b04-1c2f-11ed-9754-e7b31690b923.html | false |
Even if a serious drug addict is transported to a treatment facility to get clean, he will always turn to drugs again. Since the substance has taken over his entire body and brain, he can no longer able to fight the craving. The same is true of Paul Adom Otchere, a purported Ghanaian journalist; he is still corrupt since he is not ashamed of his involvement in corruption.
I'm glad I'm not Paul Adom-Otchere, but if I were, I would refrain from saying certain things that would expose him as a blatant liar because his involvement in corruption has irreparably destroyed his name and his children, if only he has any, will undoubtedly have to live with it.
Paul Adom-Otchere has demonstrated that he is not only corrupt but also encourages and defends the corruption and crimes that are occurring every day in the NPP government, much like a clean pig that always returns to smear the body with mud. Paul Adom-Otchere is an extremely hazardous member of the society since he lacks knowledge.
The country in which Paul Adom-Otchere lives will be turned upside down if the Ghana Journalists Association or any other journalism organization in Africa educates journalists like him. Therefore, Ghanaians ought to be aware that Adom-Otchere's untruthfulness is one of the causes of the nation's upheaval.
If this dishonest journalist finds it difficult to discuss the wickedness occurring within the NPP government because he was appointed by the present president, Nana Akufo Addo, that does not mean he must lie to blame John Mahama for Akufo Addo's incompetence.
His claim that Ghana's economic issues began after the NDC won in 2008 is wholly incorrect, absurd, and irreverent considering how badly Akufo Addo has wrecked Ghana's economy and caused a host of problems, including a high unemployment rate, unaccountable debt, and criminality.
Paul Adom-Otchere appears to be unable to think clearly because he experiences hallucinations of corruption or, more likely because he has lost all knowledge of the crimes committed every day by this appalling NPP administration, which has turned out to be the worst in Ghana's political history.
By now, Paul Adom-Otchere ought to be aware that the majority of Ghanaians are no longer interested in him. He is a liar who has contributed significantly to the NPP's pervasive corruption, which has led to the present inflation rate of around 31% and a Cedi exchange rate above 9 Cedis to the US Dollar. He must bow his head in shame. | https://mobile.ghanaweb.com/GhanaHomePage/features/Paul-Adom-Otchere-experiences-hallucinations-of-the-corruptions-he-is-involved-1603160 | 2022-08-15T13:32:10Z | https://mobile.ghanaweb.com/GhanaHomePage/features/Paul-Adom-Otchere-experiences-hallucinations-of-the-corruptions-he-is-involved-1603160 | true |
Russian shells slam into eastern Ukraine, killing 3 people
Kyiv, Ukraine – At least three Ukrainian civilians have been killed and nearly 20 others wounded in the latest artillery barrages from the Russian military, Ukrainian officials said Monday.
The eastern region of Donetsk, one of the two provinces making up the country’s industrial heartland of Donbas that has been the focus of a Russian offensive, has faced the most intense shelling.
Regional officials said at least three people died and another 13 were wounded by Russian shelling that hit numerous towns and villages in the Donetsk region during the last 24 hours. The barrage has damaged dozens of residential buildings and civilian infrastructure.
In the country’s second-largest city of Kharkiv, five civilians were wounded in the latest Russian shelling early Monday, according to the city’s mayor, Ihor Terekhov.
The Russian forces also struck several other regions of Ukraine with rockets and artillery.
For their part, the Ukrainian military claimed to have destroyed more than 10 Russian warehouses with ammunition and military equipment in the past week.
In other developments Monday:
–– Lawyers for American basketball star Brittney Griner filed an appeal against her nine-year Russian prison sentence for drug possession, Russian news agencies reported. Griner, a center for the Phoenix Mercury and a two-time Olympic gold medalist, was convicted on Aug. 4. She was arrested in February at Moscow’s Sheremetyevo Airport after vape canisters containing cannabis oil were found in her luggage.
–– The Ukrainian parliament, Verkhovna Rada, extended martial law and the country’s general mobilization for another 90 days.
“Ukraine has always longed and longs for peace and many times in various negotiation formats has offered the Russian leadership to end the war and free Ukrainian land from occupation,” Ukrainian President Volodymyr Zelenskyy said in a video late Sunday. “But so far, Russia believes in terror, remains in the grip of its propaganda illusions and still hopes that it can supposedly achieve something through various forms of blackmail. It won’t.”
He emphasized that “we must defend ourselves,” adding that “the stronger Ukraine will be, the weaker Russia will be, and therefore, the less time this war will last.”
–– Zelenskyy dismissed the heads of three regional branches of Ukraine’s top security agency, SBU, in the Kyiv, Lviv and Tarnopil regions. Zelenskyy’s office didn’t elaborate on the reasons behind the move. Last month, he dismissed SBU chief Ivan Bakanov and a chief prosecutor, saying their departments had too many people who faced accusations of collaborating with the Russians. | https://www.detroitnews.com/story/news/world/2022/08/15/russian-shells-slam-into-eastern-ukraine-killing-3-people/10327065002/ | 2022-08-15T13:33:26Z | https://www.detroitnews.com/story/news/world/2022/08/15/russian-shells-slam-into-eastern-ukraine-killing-3-people/10327065002/ | true |
Lions trim three from roster ahead of mandatory cuts
Allen Park — A day ahead of needing to trim the roster to 85, the Detroit Lions cut three players Monday morning, releasing tight ends Garrett Griffin and Nolan Givan as well as offensive lineman Ryan McCollum.
Griffin joined the Lions this offseason after six years with New Orleans, reconnecting him with Dan Campbell, who served as his position coach with the Saints. Griffin logged 20 snaps between offense and special teams in the preseason opener, spending several in fullback alignments with the starter at that spot, Jason Cabinda, still sidelined by an ankle injury.
The Lions signed McCollum in the middle of last season, poaching the undrafted rookie off the Houston Texans practice squad after Frank Ragnow suffered a season-ending injury. McCollum would go on to play 109 offensive snaps for the Lions in 202, including a start against Denver.
Wojo:Jared Goff and Lions offense know exactly how much is on the line
More:Projecting the Detroit Lions' 53-man roster following the preseason opener
But with Ragnow back to full strength, and Evan Brown firmly entrenched as the top backup, McCollum became expendable.
Givan, a local product who twice earned all-state honors at Berkley High School, played collegiately at Ball State, San Diego State and Southeastern University. He caught 56 passes for 572 yards as a senior.
With the roster moves, the Lions will need to part with two more players ahead of Tuesday's deadline. | https://www.detroitnews.com/story/sports/nfl/lions/2022/08/15/detroit-lions-roster-cuts-garrett-griffin-nolan-givan-ryan-mccollum/10326882002/ | 2022-08-15T13:33:38Z | https://www.detroitnews.com/story/sports/nfl/lions/2022/08/15/detroit-lions-roster-cuts-garrett-griffin-nolan-givan-ryan-mccollum/10326882002/ | true |
CHICAGO (AP) — Jury selection begins Monday at R. Kelly’s federal trial in his hometown of Chicago, where the R&B singer faces charges that he rigged his 2008 state child pornography trial by threatening and paying off a girl who he allegedly filmed himself having sex with when he was around 30 and she was no older than 14.
Jurors acquitted Kelly on all charges in that 2008 trial, some explaining later that they felt they had no choice because the girl did not testify. The woman, now in her 30s and referred to in filings only as “Minor 1,” will be the government’s star witness in the upcoming federal trial.
Kelly, 55, goes into Chicago federal court Monday already sentenced by a New York federal judge to a 30-year prison term for a 2021 conviction on charges he used his fame to sexually abuse other young fans.
Kelly, who rose from poverty on Chicago’s South Side to become a star singer, songwriter and producer, faces multiple charges at the federal trial. They include four counts of enticement of minors for sex — one each for four other accusers. They, too, are slated to testify.
Convictions in Chicago could add decades to Kelly’s New York sentence, which he is appealing. With the New York sentence alone, Kelly will be around 80 before qualifying for early release.
Two Kelly associates, Derrel McDavid and Milton Brown, are co-defendants at the Chicago trial. McDavid is accused of helping Kelly fix the 2008 trial, while Brown is charged with receiving child pornography. Like Kelly, they have also denied any wrongdoing.
Two state cases are also still pending. One is a multiple count sex-abuse case out of Cook County Circuit Court in Chicago. The other is a solicitation case in Minnesota. No trial dates are set for either.
Minor 1 is expected to testify that she was on video having sex with Kelly. The recording was at the heart of the monthlong 2008 trial and was played for jurors almost every day.
Minor 1 first met Kelly in the late 1990s when she was in junior high school. She had tagged along to Kelly’s Chicago recording studio with her aunt, a professional singer working with Kelly. Soon after, Minor 1 told her parents Kelly was going to become her godfather.
Prosecutors say Kelly later threatened and sought to pay off Minor 1 and her parents so they wouldn’t testify at the 2008 trial. None of them did.
Double jeopardy rules bar the prosecution of someone for the same crimes they were acquitted of earlier. That doesn’t apply to the Chicago federal trial because prosecutors are alleging different crimes related to Minor 1, including obstruction of justice.
___
Follow Michael Tarm on Twitter at https://twitter.com/mtarm | https://fox59.com/news/entertainment/ap-entertainment/r-kelly-trial-on-whether-he-fixed-2008-trial-set-to-start/ | 2022-08-15T13:35:16Z | https://fox59.com/news/entertainment/ap-entertainment/r-kelly-trial-on-whether-he-fixed-2008-trial-set-to-start/ | false |
CHICAGO, Aug. 15, 2022 /PRNewswire/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced the closing of a new and undrawn $300 million unsecured term loan.
The new and undrawn term loan has an initial maturity date of August 12, 2025 with two one-year extension options at the Company's discretion, subject to certain conditions. The term loan features interest-only payments and bears an interest rate of SOFR plus a credit spread of 85 basis points based on the Company's current consolidated leverage ratio and credit ratings plus a SOFR adjustment of 10 or 15 basis points depending on the tenor of the interest period. The Company may borrow up to the full principal amount on or before August 11, 2023. The Company plans to use the proceeds for general business purposes, including, without limitation, repayment of indebtedness, working capital needs, and the acquisition and development of property.
U.S. Bank National Association, BofA Securities, Inc., PNC Capital Markets LLC and Regions Capital Markets serve as the Joint Lead Arrangers and Joint Book Runners. U.S. Bank National Association serves as the Administrative Agent and the Sustainability Structuring Agent. Bank of America, N.A. serves as the Syndication Agent. PNC Bank, National Association and Regions Bank serve as the Co-Documentation Agents. JPMorgan Chase Bank, N.A. also participated in the term loan.
"With an effective tenor of five years, this new term loan is an attractive source of capital that supports our growth including funding our profitable development pipeline," said Scott Musil, chief financial officer of First Industrial Realty Trust, Inc. "We thank our banking partners for their continued support and capital commitments."
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 69.8 million square feet of industrial space as of June 30, 2022. For more information, please visit us at www.firstindustrial.com.
This press release contains 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. We intend for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on certain assumptions and describe our future plans, strategies and expectations, and are generally identifiable by use of the words "believe," "expect," "plan," "intend," "anticipate," "estimate," "project," "seek," "target," "potential," "focus," "may," "will," "should" or similar words. Although we believe the expectations reflected in forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results will not materially differ. Factors which could have a materially adverse effect on our operations and future prospects include, but are not limited to: changes in national, international, regional and local economic conditions generally and real estate markets specifically; changes in legislation/regulation (including changes to laws governing the taxation of real estate investment trusts) and actions of regulatory authorities; the uncertainty and economic impact of pandemics, epidemics or other public health emergencies or fear of such events, such as the outbreak of coronavirus disease 2019 (COVID-19); our ability to qualify and maintain our status as a real estate investment trust; the availability and attractiveness of financing (including both public and private capital) and changes in interest rates; the availability and attractiveness of terms of additional debt repurchases; our ability to retain our credit agency ratings; our ability to comply with applicable financial covenants; our competitive environment; changes in supply, demand and valuation of industrial properties and land in our current and potential market areas; our ability to identify, acquire, develop and/or manage properties on favorable terms; our ability to dispose of properties on favorable terms; our ability to manage the integration of properties we acquire; potential liability relating to environmental matters; defaults on or non-renewal of leases by our tenants; decreased rental rates or increased vacancy rates; higher-than-expected real estate construction costs and delays in development or lease-up schedules; potential natural disasters and other potentially catastrophic events such as acts of war and/or terrorism; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; risks associated with our investments in joint ventures, including our lack of sole decision-making authority; and other risks and uncertainties described under the heading "Risk Factors" and elsewhere in our annual report on Form 10-K for the year ended December 31, 2021, as well as those risks and uncertainties discussed from time to time in our other Exchange Act reports and in our other public filings with the SEC. We caution you not to place undue reliance on forward-looking statements, which reflect our outlook only and speak only as of the date of this press release or the dates indicated in the statements. We assume no obligation to update or supplement forward-looking statements. For further information on these and other factors that could impact us and the statements contained herein, reference should be made to our filings with the SEC.
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SOURCE First Industrial Realty Trust, Inc. | https://www.wafb.com/prnewswire/2022/08/15/first-industrial-realty-trust-closes-new-300-million-unsecured-term-loan/ | 2022-08-15T13:36:44Z | https://www.wafb.com/prnewswire/2022/08/15/first-industrial-realty-trust-closes-new-300-million-unsecured-term-loan/ | false |
More than $2.2 million in scholarships has been awarded to 420 students through the LP Scholarship Program
NASHVILLE, Tenn., Aug. 15, 2022 /PRNewswire/ -- LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced that it has awarded 56 college scholarships to the children of LP employees for the 2022–23 academic year.
The LP Scholarship Program recognizes and rewards the accomplishments of employees' children who excel in their studies and make positive contributions in their communities.
"The LP Scholarship Program has given me an incredible opportunity to further my post-secondary education," said first-year recipient and Northern Michigan University freshman Allison LaVarnway, daughter of LP Sagola Maintenance Superintendent Mike LaVarnway. "As a student pursuing my bachelor's degree in hopes of enrolling in veterinary school, the contribution LP is providing to my education is extremely helpful. I am beyond grateful for this scholarship program whose goal is helping students like me to realize their dreams."
Recipients are awarded up to $6,000 for four years of full-time undergraduate study or until the student has completed their academic program, whichever comes first. Twenty-two first-time recipients and 34 renewal recipients received LP scholarships for the 2022–23 academic year.
"My daughter, Emily, is a proud recipient of this scholarship," said James Edelen, resource manager at LP's Carthage, Texas facility. "She works very hard to keep her grades up all while also working 30-50 hours per week to pay for her additional costs of living and school. She is proud to receive this scholarship, and I am proud to work for a company willing to invest in the next generation of leaders."
Since 2001, LP has provided more than $2.2 million in scholarships to help more than 420 students complete their undergraduate college education.
"The people are the most vital part of any successful company," said LP Senior Vice President, Chief Human Resources and Transformation Officer, Robin Everhart. "The LP Scholarship Program for the children of our employees, as well as the Tuition Assistance Program for employees themselves, supports not only the growth and development of tomorrow's leaders but provides a real and tangible boost to the well-being of our LP families today. We are immensely proud of the work this year's scholarship recipients have done in the classroom and in their communities, and we look forward to supporting them as they continue their academic journeys."
The LP Scholarship Program is administered by Scholarship America. Submissions are evaluated based on each student's academic record, demonstrated leadership and participation in school and community activities, honors, work experience, statement of goals and aspirations, personal or family difficulties, and an outside appraisal. Financial need as calculated by Scholarship America must be demonstrated for the student to be awarded a scholarship.
To learn more about LP's giving programs, click here.
About LP Building Solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood building products that meet the demands of builders, remodelers, and homeowners worldwide. LP's extensive offerings include innovative and dependable building products and accessories, such as Siding Solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, and LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore™ Thermal Insulated Sheathing, and more), LP® TopNotch® Sub-Flooring, and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes while our shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 22 plants across the U.S., Canada, Chile, and Brazil. For more information, visit LPCorp.com.
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SOURCE LP Building Solutions | https://www.wafb.com/prnewswire/2022/08/15/lp-building-solutions-awards-more-than-50-college-scholarships-employees-children-2022-23-academic-year/ | 2022-08-15T13:38:19Z | https://www.wafb.com/prnewswire/2022/08/15/lp-building-solutions-awards-more-than-50-college-scholarships-employees-children-2022-23-academic-year/ | false |
The competitive Air earbud line gets a new addition, introducing new features, a fresh design, and a personalized audio app.
SANTA MONICA, Calif., Aug. 15, 2022 /PRNewswire/ -- The new EarFun Air S is the company's second official true wireless earbud release for 2022. With the Air S, EarFun expands on its Air line with its ambitious formula, continually pushing the envelope of what can be offered at this price point. As an expansive release, it is no replacement for the award-winning original Air which is well and alive. More so, this release serves as a continuation of an already successful, high-value formulation. The Air has proven to be an industry-recognized alternative to the Apple AirPods, and the Air S aspires to do the same. With an all-new chipset and curated app for personalizing the premium sound offered, an impressive wireless audio experience awaits audio lovers in 2022.
The new Air S will accompany the EarFun Audio App, allowing users to curate their audio experience with adjustable equalizer levels. In addition to sound customization, button mapping is also added to allow the user to reassign default inputs on the hardware. With the companion app, EarFun wants to give the listener greater control over the user experience like never before. And now with the ability to customize the sound to preference, users can reap the full benefits of the 10mm Wool Composite Dynamic Driver. EarFun says these larger drivers are out to deliver rich, potent bass that blends smoothly with a lush mid-range and a revealing treble that is clear and composed. The full-bodied sound is even better heard in the presence of EarFun's feed-forward Active Noise Cancellation (ANC) array that continually compensates for environmental noise, effectively suppressing up to 30dB.
An all-new Multipoint pairing system allows two different Bluetooth-enabled devices to be seamlessly paired with the new Air S at once. During hours of productivity or general multitasking, this prevents the irksome routine of disconnecting and reconnecting between devices in frequent use. Equipped with the flagship Qualcomm QCC3046 chip, aptX audio technology is implemented to bring definition to the Air S' wireless audio quality while increasing battery life and reducing latency over wireless connections. The low latency rating is less than 100ms, making it suitable for video and gaming experiences. To help extend its range and quality of connection the earbuds feature the latest Bluetooth 5.2 technology and Qualcomm TrueWireless Mirroring Technology.
While many of the features on the new Air S are new, EarFun made sure to retain some of its best and industry-unique features for the new release. A feature unique for the segment and the price point, EarFun's perfected Intuitive Touch Controls have thankfully been carried over, which in combination with the newly developed companion app lets users interface with simplicity and flexibility. Wireless charging is thankfully standard, and when not near a wireless charger the case can be charged via USB-C. The Air S manages to offer 30 hours of playtime, with 6 hours on a single charge and an additional 24 hours using the provided rechargeable storage case. If users are unable to complete a full charge, the fast-charging feature can keep things going with a quick 10-minute charge powering up 2 hours of playback. And finally, to protect the feature-rich Air S from rain or shine is its robust IPX5 Sweat & Water Resistant technology.
EarFun Air S is available on myearfun.com and Amazon.com now for $69.99.
For more information on EarFun Air S and the rest of the EarFun wireless audio collection, visit www.myearfun.com.
About EarFun
EarFun was established in 2018 by a collective of experienced industrial designers, acoustic engineers, and music enthusiasts who share the common goal of creating next-generation wireless audio devices. The EarFun team is driven by a passion for music and a commitment to delivering solutions that use the latest technologies to improve the audio experience. With two CES Innovation Awards honorees and an iF Design Award in 2020, EarFun is the most awarded new audio brand.
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SOURCE EarFun, Inc | https://www.wafb.com/prnewswire/2022/08/15/new-earfun-air-s-joins-award-winning-earbud-line-with-dual-pairing-noiseless-studio-sound-customizable-audio-app/ | 2022-08-15T13:39:28Z | https://www.wafb.com/prnewswire/2022/08/15/new-earfun-air-s-joins-award-winning-earbud-line-with-dual-pairing-noiseless-studio-sound-customizable-audio-app/ | false |
MIAMI, Aug. 15, 2022 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) (the "Company") today announced that it has commenced a private offering of $1,000,000,000 aggregate principal amount of senior unsecured notes due 2027 (the "Notes").
The Company intends to use the proceeds from the sale of the Notes to repay principal payments on debt maturing in 2022 and/or 2023 (including to pay fees and expenses in connection with such repayments). Pending such uses, the Company may temporarily apply the proceeds to repay borrowings under its revolving credit facilities or other borrowings.
Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy any security. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States, only to certain non-U.S. investors pursuant to Regulation S. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this press release relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited, to: statements regarding revenues, costs and financial results for 2022 and beyond. Words such as "anticipate," "believe," "could," "driving," "estimate," "expect," "goal," "intend," "may," "plan," "project," "seek," "should," "will," "would," "considering," and similar expressions are intended to help identify forward-looking statements. Forward-looking statements reflect management's current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, the following: the impact of the global incidence and continued spread of COVID-19, which has had and will continue to have an adverse impact on our business, liquidity and results of operations, or other contagious illnesses on economic conditions and the travel industry in general and the financial position and operating results of our Company in particular, such as: governmental and self-imposed travel restrictions and guest cancellations; our ability to extend the maturities of our existing bank facilities; our ability to obtain sufficient financing, capital or revenues to satisfy liquidity needs, capital expenditures, debt repayments and other financing needs; the effectiveness of the actions we have taken to improve and address our liquidity needs; the impact of the economic and geopolitical environment on key aspects of our business including the conflict between Ukraine and Russia, such as the demand for cruises, passenger spending, and operating costs; incidents or adverse publicity concerning our ships, port facilities, land destinations and/or passengers or the cruise vacation industry in general; concerns over safety, health and security of guests and crew; our COVID-19 protocols and any other health protocols we may develop in response to infectious diseases may be costly and less effective than we expect in reducing the risk of infection and spread of such disease on our cruise ships; further impairments of our goodwill, long-lived assets, equity investments and notes receivable; an inability to source our crew or our provisions and supplies from certain places; an increase in concern about the risk of illness on our ships or when travelling to or from our ships, all of which reduces demand; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in U.S. foreign travel policy; the uncertainties of conducting business internationally and expanding into new markets and new ventures; our ability to recruit, develop and retain high quality personnel; changes in operating and financing costs; our indebtedness, any additional indebtedness we may incur and restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the impact of foreign currency exchange rates, the impact of higher interest rates and fuel prices; vacation industry competition and changes in industry capacity and overcapacity; the risks and costs related to cyber security attacks, data breaches, protecting our systems and maintaining integrity and security of our business information, as well as personal data of our guests, employees and others; the impact of new or changing legislation and regulations or governmental orders on our business; pending or threatened litigation, investigations and enforcement actions; the effects of weather, natural disasters and seasonality on our business; the impact of issues at shipyards, including ship delivery delays, ship cancellations or ship construction cost increases; shipyard unavailability; the unavailability or cost of air service; and uncertainties of a foreign legal system as we are not incorporated in the United States.
In addition, many of these risks and uncertainties are currently heightened by and will continue to be heightened by, or in the future may be heightened by, the COVID-19 pandemic. It is not possible to predict or identify all such risks.
Forward-looking statements should not be relied upon as a prediction of actual results. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Royal Caribbean Group
Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of June 30, 2022.
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SOURCE Royal Caribbean Group | https://www.wafb.com/prnewswire/2022/08/15/royal-caribbean-group-announces-proposed-offering-senior-unsecured-notes-refinance-near-term-debt-maturities/ | 2022-08-15T13:40:53Z | https://www.wafb.com/prnewswire/2022/08/15/royal-caribbean-group-announces-proposed-offering-senior-unsecured-notes-refinance-near-term-debt-maturities/ | true |
Police in Moldova investigate string of bomb threats
By CRISTIAN JARDAN and STEPHEN McGRATH
Associated Press
CHISINAU, Moldova (AP) — Police in Moldova’s capital Chisinau are investigating a string of bomb threats at locations including at the country’s supreme court and its international airport. Police said that the nine bomb threats also targeted shopping centers, hospitals and medical facilities. Monday’s threats follow more than 40 similar incidents that plagued the small non-European Union nation in July, more than half of them targeting Chisinau airport and causing severe service disruptions. None of the scores of recent threats in Moldova, which shares a border with war-torn Ukraine, have turned out to be true. No explosives have been discovered and no one has yet been charged. Airport security, however, has been bolstered. | https://kion546.com/news/2022/08/15/police-in-moldova-investigate-string-of-bomb-threats/ | 2022-08-15T13:45:40Z | https://kion546.com/news/2022/08/15/police-in-moldova-investigate-string-of-bomb-threats/ | true |
The U.S. Department of Agriculture's Food Safety and Inspection Service has recalled over 13,000 pounds of Home Run Inn pizzas due to possible foreign matter contamination.
The USDA said the pizzas recalled are labeled "Chicago's Premium Pizzeria Deluxe Sausage Classic Pizza." They have a best by date of Dec. 3, 2022.
The products bear the establishment number "EST. 18498-A" inside the USDA mark of inspection.
The USDA said that the pizzas were sent to a distributor in Illinois and then shipped across the country. As of Sunday, no one has reported any illnesses associated with the recalled pizzas.
Consumers with questions can call Nick Perrino, COO of Home Run Inn Frozen Foods, at 630-783-9696, ext. 2151. | https://www.wmar2news.com/news/national/home-run-inn-pizzas-recalled-due-to-possible-contamination | 2022-08-15T13:46:48Z | https://www.wmar2news.com/news/national/home-run-inn-pizzas-recalled-due-to-possible-contamination | true |
The Monday After: Breaking into the 'big leagues'
"It's Munson All Alone!"
The issue of The Canton Repository for Feb. 18, 1969, carried that headline over a photograph gracing the sports front of the newspaper that day. The image was of a sole slugger, bat in hand but casually dressed, standing at home plate of the Florida training site for the Major League's New York Yankees.
"What, no pitcher?" the caption to the United Press International photograph asked, following the question with an identification of the "batter."
"Rookie Thurman Munson, catcher from Canton who starred at Lehman High, was the only Yankee who appeared Monday at the Ft. Lauderdale Yankee Stadium," the caption explained. "The New York Yankees planned to open their advance camp − with or without the players who have threatened to stay away until a pension agreement is reached."
Players eventually would arrive. Training would take place. Games would begin. A season would be played. A championship would be won by a New York team.
True, it would be the New York Mets that won the World Series championship when the "October Classic" arrived in 1969. But the baseball fortunes of their cross-town rivals, the Yankees, were about to change for the 1970s.
And the presence of Thurman Munson on the "Bronx Bombers" for the next decade was to become arguably the singularly most important reason why the Yankees started to achieve renewed success.
Called a future great
"He's the best looking catcher I've seen in a long time," Yankees' manager Ralph Houk said once spring training began prior to the 1969 season. "Munson's got a rifle for an arm, and he's quick as anything. He's meeting the ball. That's the main thing."
No less an authority than former Yankees catcher Elston Howard, by then the team's first base coach, raved about the rookie, according to a Charlie Powell column published in the Repository on March 30, 1969.
"The kid is going to be a hell of a ballplayer," Howard said.
And, one of the players the Yankees were platooning at catcher that season, Jake Gibbs, similarly did not hold back praise for Munson's skill set and work ethic. According to Powell's column, he said much the same thing as Howard. Both directed their comments to baseball observer Jack Bryan, who had Canton ties and penned a letter to Powell from the Yankees training camp revealing club officials' high expectations for the Stark County athlete.
"I had quite a lengthy talk with Thurman," Bryan wrote in his letter to Powell. "I didn't mention I had talked with anyone regarding his status, as I thought it might instill a feeling of complacency. I think I gave him some good advice on keeping his nose clean. You know how some of these rookies think they're on a picnic. However, Thurman is all work and guts."
Bound first for minor leagues
Munson, who had been drafted fourth overall by the Yankees in 1968 and spent the season that year hitting .301 during 71 games for the Yankees-affiliated Binghamton minor league team.
The catcher started the 1969 season with the Yankees' farm club in Syracuse, but played only 28 games for the Chiefs, batting .363 while collecting 37 hits and driving in 17 runs.
"He's catching well, throwing well and is hitting with authority," said Don Labbruzzo, then general manager of the Syracuse club, after Munson had played only a week for his team. "He's going to be a great one."
That kind of success caused him to be called up quickly to the parent club − to "The Show" − in mid-season. Munson made his major league debut on Aug. 8, 1969. According to online statistics, Munson got two hits in three times at bat, scoring two runs and batting another in, during the second game of a doubleheader against the Oakland Athletics.
"Thurm Belts First Homer in Big Time" shouted a headline in the Repository two days later.
"After Roy White broke a 1-1 deadlock with a homer in the fifth for New York, Bobby Murcer, Thurman Munson and Gene Michael hit successive homers in the sixth on five pitches. ... Munson, from Canton, Ohio, hit his first major league homer. Both he and Michael played at Kent State University."
Quickly made an impression
An article later in the month by Jim Ogle in The Sporting News, republished in the Repository on Aug. 30, 1969, reported that Munson's early performance turned heads in the baseball world.
"Thurman Munson, the New York Yankees' highly touted rookie catcher, made his major league debut earlier than expected and no unveiling created as much excitement since the first performance of 'Oh, Calcutta!'"
"Munson, on a weekend pass from Fort Dix, made his bow against Oakland when Frank Fernandez had to leave for weekend military duty and Jake Gibbs was still recovering from an injury. The 22-year-old receiver caught three games ... all victories ... then (briefly) stayed behind to help Syracuse out of an emergency while the Yankees hit the road.
"Unless all indications are wrong, it will be the last time the Yankees will make a trip without Munson for some time to come ... unless his two-week annual military duty comes at the same time."
Munson's "Big League Debut Has 'Em Buzzin'," the headline for the article said when printed in the Repository. "Munson Looks Like A Champ."
Later in the season, an Associated Press article noted that the Mets' success "has taken the city by storm and left the once-mighty Yankees in a strange position as the other team in town."
Still, "Rookies Like Thurm Ease 'Pain' from Mets," said a headline over the article, published in the Repository on Sept. 21, 1969.
"There is little doubt," the article said, "that Munson will be next year's No. 1 catcher."
Builds a stellar career
Munson was the Yankees' starting catcher in 1970 and stayed in that spot for 10 more years.
Before his death in a plane crash in 1979, Munson built a career with the Yankees that stretched across parts of 11 seasons, 1,423 games, and 5,344 at bats. According to statistics published by Baseball Reference, during that time he batted a career .292, with an on-base percentage of .346 and a slugging average of .410. He hit 113 home runs and had 701 RBI.
Munson, who was American League rookie of the year in 1970 and AL Most Valuable Player in 1976, hit safely in 27 of his 30 postseason games, en route to helping the Yankees go to the World Series three consecutive years, winning it in 1977 and 1978. He was captain of the Yankees from 1976 until his passing in 1979.
Those statistics and honors, along with praise for the player's leadership qualities and recognition of his on-field toughness, form the foundation for arguments that Thurman Munson should be voted into the Baseball Hall of Fame.
"Thurman Munson was the glue that held the Yankees pitching staff together during those championship years," notes a quote by sports book author Peter Golenbock that is posted at the website munsonhof.com. "He was a fierce competitor who was beloved by everyone on those teams.
"His greatness cannot be measured by batting average and home runs alone. Without him, the Yankees do not win those pennants and championships."
Reach Gary at gary.brown.rep@gmail.com. On Twitter: @gbrownREP. | https://www.cantonrep.com/story/news/local/2022/08/15/the-monday-after-munson-breaks-into-the-big-leagues/65401482007/ | 2022-08-15T13:47:00Z | https://www.cantonrep.com/story/news/local/2022/08/15/the-monday-after-munson-breaks-into-the-big-leagues/65401482007/ | false |
Visakhapatnam: work towards Aatmanirbhar Bharat in every field, ENC chief urges people
He pays tributes to those who laid down their lives in the freedom struggle
VISAKHAPATNAMADVERTISEMENT
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Work towards Aatmanirbhar Bharat in every field through self-reliance and self-respect and take the nation where we would like to see it when we celebrate 100 years of our Independence, said Vice-Admiral Biswajit Dasgupta, Flag Officer Commanding-in-Chief, Eastern Naval Command.
He was speaking to the personnel of ENC after hoisting the national flag on the occasion of the 76th Independence Day here on Monday.
As part of the celebrations, a ceremonial parade was held with men and officers drawn from various ships, submarines, establishments and Defence Security Corps at the Command Parade Ground.
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He also took the salute and inspected a 50-men Armed Guard. He also interacted with Gallantry Award winners and naval veterans on completion of the parade.
Speaking on the occasion, Vice-Admiral Dasgupta paid rich tributes to the sacrifices of several leaders and martyrs who laid down their lives in the freedom struggle.
The ENC chief also congratulated Lt Cdr Mritujay Kumar and Vineet Kumar LA (AH) for being conferred with the Shaurya Chakra and Nao Sena Medal (Gallantry) respectively by the President of India for their act of bravery in neutralising terrorists in J&K last year.
In another event at the ‘Victory at Sea’ War Memorial on Beach Road, Rear Admiral Sanjay Bhalla, Flag Officer Commanding Eastern Fleet, placed a floral wreath and paid tributes to brave warriors who made the supreme sacrifice in defence of the nation.
ADVERTISEMENT | https://www.thehindu.com/news/cities/Visakhapatnam/visakhapatnam-work-towards-aatmanirbhar-bharat-in-every-field-enc-chief-urges-people/article65771371.ece/amp/ | 2022-08-15T13:48:00Z | https://www.thehindu.com/news/cities/Visakhapatnam/visakhapatnam-work-towards-aatmanirbhar-bharat-in-every-field-enc-chief-urges-people/article65771371.ece/amp/ | false |
A number of historically Black colleges and universities are seeing an increase in Black students applying and enrolling after years of decline.
The National Center for Education Statistics reports these enrollments fell from 18% in 1976 to 8% in 2014. But in 2020, that number rose to 9%. HBCUs such as Morehouse College in Atlanta, Georgia, have seen an increase in applications. At that school, the number went up over 60% in 2020 from the previous year, according to Data USA.
There are a number of factors behind the change — including boosts from famous graduates such as Vice President Harris — but some Black students and their families see a safer learning environment with these institutions.
Sherrille McKethan-Green, whose son Gideon Green is attending Morehouse, counts herself among them.
"I felt that after he graduated from college, he would have time to be a minority, but at Morehouse, he would be a majority," she told NPR.
The first HBCU was established in the 1830s, before the Civil War, giving Black Americans the opportunity to pursue higher education.
Walter Kimbrough, the interim executive director of the Black Men's Research Institute at Morehouse College, told NPR these schools were critical to the development of a Black professional group.
"Your teachers, your doctors, your lawyers, your ministers — they came out of that HBCU tradition," he said.
However, these schools are not immune to forces such as financial challenges and questions about whether affirmative action policies should still exist.
The pandemic has also affected Black student enrollment in overall higher education, according to an analysis by the Latino Policy and Politics Institute at the University of California, Los Angeles, on the impact of COVID on enrollment among students of color.
But then a movement for racial justice caught the nation's attention.
Paulina Webber, an incoming senior at Dillard University, told NPR she saw more students choosing HBCUs.
"We saw the height of the Black Lives Matter movement, and then we saw students say, 'Hey, I want to go to a Black school. I want to be safe. I want to enjoy my time,'" she said.
Webber added that the shared experiences as Black people at HBCUs helps students to understand and navigate the world when they graduate.
For McKethan-Green, her son attending Morehouse is the culmination of a years-long dream.
"I got [him] a sweatshirt made that says 'Future Morehouse College Graduate' at the age of 3," she said.
He chose to apply only to HBCUs, and when he was accepted to Morehouse, she was overjoyed.
"He needed to be around people ... that had his best interest at heart and would also tell him that 'You're going to be great. You're going to be a success.'"
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.wvasfm.org/2022-08-15/after-the-rise-of-blm-black-students-and-their-families-are-heading-back-to-hbcus | 2022-08-15T13:48:26Z | https://www.wvasfm.org/2022-08-15/after-the-rise-of-blm-black-students-and-their-families-are-heading-back-to-hbcus | false |
HOUSTON, Aug. 15, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announces that one of its subsidiaries, GulfMark Asset Holdings, Inc., has completed the purchase of Firebird Bulk Carriers, Inc. ("Firebird") and Phoenix Oil, Inc. ("Phoenix") for an aggregate purchase price of approximately $33 million, consisting of approximately $32 million in cash and $0.5 million of Adams Resources & Energy, Inc. common stock.
Firebird Bulk Carriers is an interstate bulk motor carrier of crude oil, condensate, fuels, oils and other petroleum products. Headquartered in Humble, TX, Firebird operates over 100 tractors largely in the Eagle Ford basin. Texas locations include: Humble, George West, Dilley, Carrizo Springs, Bryan and Brownsville. Also headquartered in Humble, TX, Phoenix Oil recycles and repurposes off-spec fuels, lubricants, crude oil and other chemicals from producers in the United States.
Greg Mills, President of GulfMark commented, "Joining forces with Firebird and Phoenix is a great opportunity for GulfMark to expand our value chain and market impact, with numerous operating synergies benefiting the combined companies immediately upon close. The leadership and employees of Firebird and Phoenix bring a wealth of knowledge, and a history of excellent customer service, which align perfectly with the values of GulfMark and Adams companies."
"We are very excited to have the teams from both Firebird and Phoenix join the Adams family of companies," said Kevin Roycraft, Adams' Chief Executive Officer and President. "This acquisition will be immediately accretive to earnings and cash flow. We expect these companies to increase our annual adjusted cash flow by over 30% while diversifying GulfMark's service offerings to our customers. We believe this transaction represents a key milestone toward our continued efforts to generate long-term cash flow, prudently grow this business, and provide value to shareholders."
Scott Bosard, President, Firebird Bulk Carriers, Inc. and Phoenix Oil, Inc. commented, "I want to thank our team and their families for all the years of service. Their dynamic abilities and positive attitudes will bring immediate results to Adams and GulfMark. We look forward to the opportunities that will come along with these expanded capabilities."
The Company also reported, as required by Section 711(a) of the NYSE American Company Guide (the "Company Guide"), equity inducement awards to each of Trey Bosard and Tyler Bosard following the acquisition of Phoenix and Firebird by the Company.
Each of Trey Bosard and Tyler Bosard accepted employment agreements with Phoenix, effective August 12, 2022. Trey Bosard will serve as President and Tyler Bosard will serve as Vice President – Southern Region. The inducement awards have a grant date of August 12, 2022 and were granted to Trey Bosard and Tyler Bosard pursuant to their respective employment agreements.
As an inducement material to each of their accepting employment with Phoenix following the acquisition, and in accordance with Rule 711(a) of the Company Guide, the independent directors of the Board of the Company approved a grant of $0.5 million of restricted stock units to each of Trey Bosard and Tyler Bosard. The inducement awards are being granted outside the terms of the Adams Resources & Energy, Inc. 2018 Long-Term Incentive Plan, as amended.
The inducement awards vest in three separate tranches on each of the first three anniversaries of the grant date.
Adams Resources & Energy, Inc. is engaged in crude oil marketing, transportation, terminalling and storage and tank truck transportation of liquid chemicals and dry bulk through its subsidiaries, GulfMark Energy, Inc., Service Transport Company, Victoria Express Pipeline, L.L.C. and GulfMark Terminals, LLC. For more information, visit www.adamsresources.com.
This news release contains forward-looking statements. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Forward-looking statements in this news release include, among others, statements relating to projected or anticipated financial benefits of the acquisitions described in this news release, and the anticipated effects of the acquisitions on the Company's earnings and cash flow. In many cases you can identify forward-looking statements by terminology such as "anticipate," "intend," "plan," "project," "estimate," "continue," "potential," "should," "could," "may," "will," "objective," "guidance," "outlook," "effort," "expect," "believe," "predict," "budget," "projection," "goal," "forecast," "target" or similar words. Statements may be forward looking even in the absence of these particular words. Where, in any forward-looking statement, the Company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, and any other risk factors included in Adams' reports filed with the Securities and Exchange Commission, including the Company's ability successfully to integrate the acquired companies and to realize the benefits and synergies of the transactions. However, there can be no assurance that such expectation or belief will result or be achieved. Unless legally required, Adams undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact
Tracy E. Ohmart
EVP, Chief Financial Officer
(713) 881-3609
Investor Relations Contact
Gary Guyton or Steven Hooser
Three Part Advisors
(214) 442-0016
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SOURCE Adams Resources & Energy, Inc. | https://www.kait8.com/prnewswire/2022/08/15/adams-resources-amp-energy-inc-completes-acquisition-phoenix-oil-firebird-bulk-carriers/ | 2022-08-15T13:49:01Z | https://www.kait8.com/prnewswire/2022/08/15/adams-resources-amp-energy-inc-completes-acquisition-phoenix-oil-firebird-bulk-carriers/ | false |
Bollywood star Saif Ali Khan is all set to turn 52 on August 16, 2022
He is the son of veteran actress Sharmila Tagore and late cricketer Mansoor Ali Khan Pataudi
Saif is a father to four kids -- Sara Ali Khan, Ibrahim Ali Khan, Taimur Ali Khan and Jeh Ali Khan
Saif was married to actress Amrita Singh from 1991 and 2004, and has two children with her -- Sara and Ibrahim
In 2012, he married Kareena Kapoor Khan, and the couple is now parents to Taimur and Jeh
Throwback photo of a young Sara enjoying some quality time with her 'Abba'
Saif is a doting father to all his kids and has often spoken about how all the four of them are equal to him in all aspects
Even though Sara and Ibrahim stay with their mother Amrita, they are a part of all the major functions of the Pataudis and are often seen spending time with their daddy dearest and their half siblings, Taimur and Jeh
Thanks For Reading!
Photos: Taimur's day out with parents Kareena Kapoor-Saif Ali Khan | https://www.freepressjournal.in/ampstories/photo-gallery/in-pics-saif-ali-khans-doting-dad-moments | 2022-08-15T13:50:26Z | https://www.freepressjournal.in/ampstories/photo-gallery/in-pics-saif-ali-khans-doting-dad-moments | true |
NEW YORK, Aug. 15, 2022 /PRNewswire/ -- Encompass Corporation, the provider of the leading Know Your Customer (KYC) automation platform, today announced that Aite-Novarica Group, a global advisory firm providing mission-critical insights on technology, regulations, strategy and operations to the financial services industry, has recognized Encompass as the winner of the 2022 Fraud & AML Impact Awards' Best Know Your Customer/Business (KYC/KYB) Innovation.
The award recognizes Encompass for its ability to combine unrivaled data sources, technology and expertise to supercharge corporate KYC due diligence with automation. Allowing financial institutions to unwrap and uncover corporate structures and ultimate beneficial ownership in minutes, Encompass transforms Anti-Money Laundering (AML) compliance and gives institutions the ability to enhance customer onboarding and respond to regulatory changes with greater speed and accuracy.
"By automating the KYC process, financial institutions can pursue aggressive growth agendas and scale while avoiding additional compliance costs," said Alex Ford, President, North America at Encompass. "Our platform is used by banks across the globe to significantly improve the onboarding experience of their clients while also future-proofing technology and processes. We're grateful to be recognized by Aite-Novarica Group for our innovative approach, which brings speed, accuracy and control."
With real-time access to global public and premium data sources, Encompass' platform gives financial institutions the ability to search entities and receive a digital KYC profile within minutes. With Encompass, financial institutions can ensure a consistent KYC process every time, including:
- Search based on pre-defined policy using only bank-approved sources;
- Mapping of ultimate beneficial ownership and corporate hierarchy;
- Screening of entities for PEPs, sanctions and adverse media;
- Cross-checking documents, matching and merging data;
- And the automatic creation of a complete audit trail in real time.
According to Aite-Novarica Group, winners were selected by a global panel of both internal and independent experts on fraud and AML.
Encompass will be presented with the AML Impact Award at the fifth annual Financial Crime Forum, taking place Sept. 18-19, 2022 in Charlotte, NC.
Encompass Corporation (Encompass) transforms regulatory compliance and customer onboarding with Know Your Customer (KYC) automation. As a global leader in automated KYC due diligence worldwide, Encompass serves global banks and financial institutions to streamline their KYC process and comply with regulations and requirements. Launched in 2012, Encompass serves customers across the globe and features offices in Amsterdam, Belgrade, Glasgow, London, New York, Singapore and Sydney. To learn more, visit EncompassCorporation.com.
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy and operations to hundreds of banks, insurers, payments providers, and investment firms - as well as the technology and service providers that support them. Comprising former senior technology, strategy and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.
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While the news about the raid on Chez Trump at Mar-a-Lago stole the headlines over the weekend, a lively debate broke out in Illinois’ congressional delegation about something arguably almost as important: the approval of the Inflation Reduction Act, President Joe Biden’s big climate change/tax bill.
With Senate approval already obtained, the bill passed the U.S. House on a straight party-line vote late Friday. Every Democratic Illinois member of the House voted yes and every Republican member voted no. Included in the latter group was Rep. Adam Kinzinger, R-Channahon, who has broken with his party on numerous issues in recent months. But not this time.
Kinzinger was uncharacteristically quiet about this one with not even a tweet to explain his view. But he does have a reputation as a fiscal hawk who’s not big on raising taxes.
Others had plenty to say.
Like Rep. Bill Foster, D-Geneva. “This historic legislation will cut costs for Illinois families, tackle the climate crisis, and reduce drug costs,” he said in a statement. “And, since it is fully paid for by ensuring large corporations pay a minimum tax rate and cracking down on tax cheats, it will reduce our nation’s debt… Americans have been asking Congress to tackle these issues for a long time, and I’m proud we were able to get it done.”
Fellow Democrat Sean Casten of Downers Grove, who has been very active in climate-related efforts, termed the passage “a great day.”
“The Inflation Reduction Act puts us on track to reduce emissions by 40% by 2030,” he tweeted. “It lowers prescription drug prices. It brings down energy costs for families across the country.”
Related: The White House is becoming a frequent stop for Illinois pols
But downstate Republican Darin LaHood said passage was “the last thing” the nation needs now. “Instead of reducing inflationary spending, the Biden Administration is doubling down on their failed economic agenda that launched us into a recession,” he said. The bill not only raises taxes but “targets low and middle-income families by creating a supercharged Internal Revenue Service.”
(Worth noting: federal economists say total economic output did drop two quarters in a row but have not officially declared a recession.)
Still, like it or not, the White House is beaming. Look for Biden’s signature on the bill quite soon.
Meanwhile: Local Republicans have been fairly quiet so far about the still-unfolding Mar-a-Lago raid. But not the National Republican Senatorial Committee, whose national finance co-chair is Chicago corporado Ron Gidwitz.
In a weekend note to contributors, the fund-raising committee for Republican senators and nominees pushed all sorts of buttons. “Why did the Biden administration’s DOJ raid Mar-a-Lago? This has NEVER happened before, and it’s a DISGRACE,” the fund-raising pitch stated. “Could Biden be using the government power to potentially PUT PRESIDENT TRUMP IN JAIL?”
It continued: “The ONLY way to STOP this potential ABUSE OF POWER is by taking our critical Election Year poll so we can WIN this November and RESTORE TRUMP’S Majority.”
Related: Trump search roils midterm politics
There was no immediate response from Gidwitz to a request for comment.
The question now in Washington: Will U.S. Attorney General Merrick Garland, a Lincolnwood native, say more about what prompted the raid? Pressure from both sides of the aisle is building on him to do so.
Back in Illinois: it’s State Fair week in Springfield, with Democrats holding forth on Governor’s Day on Wednesday and Republicans turning out the next day. Two things to watch: will ousted Democratic state chair Robin Kelly show up and how many of the people who ran for governor against GOP candidate Darren Bailey will be at his side? | https://www.chicagobusiness.com/juice/illinois-house-members-react-passage-bidens-inflation-reduction-act | 2022-08-15T13:56:09Z | https://www.chicagobusiness.com/juice/illinois-house-members-react-passage-bidens-inflation-reduction-act | true |
In the days since the FBI searched the Florida home of former President Donald Trump for classified documents that he wasn’t supposed to have, top Missouri Republicans, like their counterparts around the nation, have been whipping up their constituents with frenzied but baseless allegations of corruption.
Missouri Attorney General Eric Schmitt, a Senate candidate, vowed to “take a wrecking ball” to the Justice Department. Sen. Josh Hawley called for the removal of top Justice and FBI officials — a purge, in essence, for the infraction of legally executing a court-approved warrant. Gov. Mike Parson declared it an “unsupported and hostile targeting” of Trump, even though Parson, like Hawley, Schmitt and the rest, had no idea what evidence was shown to the federal judge who issued the warrant.
The simple solution to all this hysteria was for Trump to publicly release the warrant, which would have shown exactly what the FBI was looking for. If Trump is such a victim, why wouldn’t he do that? And why were his GOP allies not pressing him to? Instead, it was Attorney General Merrick Garland who had to request that the warrant be unsealed, given the heightened public interest.
People are also reading…
Garland is calling Trump’s bluff, forcing his lawyers either to argue against unsealing the warrant — signifying Trump has something to hide — or make the warrant public so that the secrecy can no longer be used as a weapon against the Justice Department.
Trump and his inner circle have played up how “cooperative” (his lawyer’s word) Trump had been with Justice Department officials in their quest to get the documents back — as if, two years out of office, an ex-president gets to negotiate the terms under which he might be willing to obey the law.
After leaving office, Trump had to be hounded for months by the National Archives to return 15 boxes of classified documents improperly spirited to Mar-a-Lago. And then it turned out that he hadn’t turned over all of them, and the search reportedly uncovered 10 more boxes of documents.
Trump consistently demonstrates an attitude that the rules don’t apply to him. Yet Hawley and the rest automatically took Trump’s side without knowing the facts and ignoring Trump’s obvious disregard for the rule of law. Many have demanded that the Justice Department explain the justification for the search, either not knowing or not caring that the agency can’t reveal details of its investigation without a judge’s approval, as Garland explained Thursday.
Trump was never under such restrictions. He could have immediately publicized what the warrant sought and what was seized. Republicans suddenly sided against law enforcement and seemed not to be interested in pressing Trump for those answers. That’s a clear indication they don’t want to hear the actual legal justification for the search. Outrage works far better than facts when the goal is to whip up the base. | https://magicvalley.com/opinion/columnists/other-view-why-didnt-trump-release-details-of-the-warrant-himself/article_99d49a0a-1a84-11ed-b485-47a1dbcce9c6.html | 2022-08-15T13:56:21Z | https://magicvalley.com/opinion/columnists/other-view-why-didnt-trump-release-details-of-the-warrant-himself/article_99d49a0a-1a84-11ed-b485-47a1dbcce9c6.html | false |
IRVINE, Calif., Aug. 15, 2022 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the "Company," "ATIF" or "We"), a holding company providing business and financial consulting services in Asia and North America, is pleased to announce that the Company's IPO advisory services client and investment holding company Armstrong Logistic Inc. ("Armlogi"), a leading freight forwarding and logistics company in U.S., has recently seen strong growth in performance. Under the terms of the investment agreement between Armlogi and the Company, ATIF holds a 12.0% equity stake in Armlogi.
Armlogi is leading international intelligent warehouse logistics service provider, including warehouse distribution, 3PL fulfillment, and multi-channel fulfillment services, self-employed logistics company, customs clearance company and freight car company serving the Port of Los Angeles, San Diego, LAX, and all major access routes to and from Southern California. Armlogi's certified logistics and warehousing is located in City of Industry, CA; Houston, TX; and Florence, NJ, with 1,500,000 sq ft of space that is full-service EDI (Electronic Data Interchange) Compliant. Armlogi's Multi-Channel Fulfillment (MCF) service integrates with Amazon, Ebay, FedEx, Jet, Groupon, Shopify, Walmart, Wayfair, Woo Commerce, and other leading platforms, supporting 96% online e-commerce platform fulfillment.
Warehousing and logistics companies have had to adapt and evolve to changing market trends and the growing need for accelerated deliveries. In the face of the impact of inflation on the freight forwarding and logistics industry this year, Armlogi has developed flexible operational strategies. Through an assessment of its own inventory levels, warehousing capacity, utilization rates and transportation capabilities, Armlogi adopted strategies such as cutting unnecessary costs and introducing new growth opportunities, and effectively delivered very strong performance.
A growing number of enterprises are showing higher reliance towards outsourcing various logistics functions including transportation, warehousing, and distribution, thus fueling growth in the 3PL market. According to data from Statista, in the past 10 years, the 3PL market revenue has doubled over the last 10 years, increasing from $127.5 billion to $260.2 billion from 2010 to 2021, growing at a CAGR of 2.8%. According to MDC Research, the global 3PL market is expected to reach $2,275.6 billion at a CAGR of 8.9% by 2030.
Jun Liu, President, Chairman of the Board, and CEO of ATIF, commented, "We appreciate the innovations and rapid shifts of Armlogi's operations and are very pleased with its strong financial performance. As far as we understand it, Armlogi's revenues for the first quarter of 2022 alone exceeded 50% of total revenues in 2021 and revenues for the full year 2022 are expected to jump three to four times year over year! We expect Armlogi to continue its strong impetus and to deliver high returns for us and our shareholders in its future IPO."
About ATIF Holdings Limited
ATIF Holdings Limited ("ATIF") is a Los Angeles-based comprehensive financial group with wholly owned and operated subsidiaries: ATIF-1 hedge funds company, ATIF equity investing company, ATIF IPO advisory company, and the integrated financial services network platform www.IPOEX.com. ATIF is dedicated to providing international asset securitization services, as well as equity investment and asset management services to companies around the world. ATIF was awarded the "Top 10 Best Listed Companies 2019" from the "Golden Bauhinia Award," the highest award in Hong Kong's financial and securities industry. For more information, please visit https://ir.atifchina.com/.
To learn more about IPOEX, our financial services platform, please visit: https://www.ipoex.com/
For more information about NFTDPO, our NFT service division, please visit https://nftdpo.com/.
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Forward-Looking Statements
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantee of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, income, expenditures, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new clients, complete projects for clients, and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting services industry; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company's ability to continue successful development and launch of its NFT collection; the possibility that the Company may not succeed in developing its NFT platform and business due to, among other things, changes in the business environment, competition, changes in governmental regulation, or other economic and policy factors; the ability of the Company to continue compliance with the development of applicable regulatory regulations in connection with blockchain, digital assets and the NFT industry; the possibility that the Company's ongoing NFT services may be adversely affected by other economic, business, and/or competitive factors; and other factors listed in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release.
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SOURCE ATIF Holdings Limited | https://www.wbtv.com/prnewswire/2022/08/15/atifs-investment-international-logistics-services-company-shows-strong-growth/ | 2022-08-15T13:57:12Z | https://www.wbtv.com/prnewswire/2022/08/15/atifs-investment-international-logistics-services-company-shows-strong-growth/ | true |
Partnership inspires new ways to create meaningful memories.
Today's communities need stronger generational ties more than ever.
DreamCatchers now included as part of GoodTrust's online will experience.
MENLO PARK, Calif., Aug. 15, 2022 /PRNewswire/ -- GoodTrust (www.MyGoodTrust.com), the one-stop shop to protect and organize your digital life and legacy, and DreamCatchers Foundation, a nonprofit committed to developing youth, have partnered to strengthen intergenerational connections. The goal is to create future community leaders and expand awareness about protecting and preserving legacy.
The partnership opens the door for more older adults to make their dreams come true with the funds donated by GoodTrust. It also offers greater visibility by adding DreamCatchers to the GoodTrust online will flow when choosing charitable organizations as a beneficiary. DreamCatchers will share information about the services GoodTrust provides with their seniors and students.
"At DreamCatchers, our focus is on developing youth by creating opportunities for them to have meaningful connections with members of older generations in their communities. One of the ways we do this is to have students fulfill hospice patients' end-of-life dreams," said Caitlin Crommett, Founder and President of DreamCatchers. "Partnering with GoodTrust, a leading end-of-life planning platform, makes perfect sense for us as fulfilling dreams goes hand in hand with the peace-of-mind that legacy preservation offers."
Ensuring strong connections of story and legacy aligned with the mission of GoodTrust to protect what matters.
"We're thrilled to partner with DreamCatchers," said GoodTrust founder and CEO, Rikard Steiber. "Our mission is to leverage technology for good and make end-of-life planning simple, affordable, and accessible. Partnering with DreamCatchers helps bring our innovative service to more people in need and as an added bonus allows older adults to achieve their dreams."
DreamCatchers Foundation is a nonprofit that's mission is to develop youth to become compassionate, entrepreneurial leaders in their communities. DreamCatchers fosters intergenerational connections between students and older adults through acts of service, including fulfilling end-of-life dreams.
GoodTrust is the one-stop shop to protect what matters most. GoodTrust offers complete estate-planning and digital-safety tools to preserve the memories and accounts you've created in real life, and online. In fact, you can now take care of all your preparedness needs in less time than it takes to do the laundry.
Get started today with a free account and discover all the ways you can protect what matters with GoodTrust.
Please find GoodTrust graphics and images here:
https://drive.google.com/drive/folders/1kba8aplg-6VdnL-V8b7hnLbqyGhWxRm4?usp=sharing
You can find GoodTrust at www.MyGoodTrust.com.
Contact: info@mygoodtrust.com
You can find DreamCatchers at www.dreamcatchersfoundation.org
Contact: info@dreamcatchersfoundation.org
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For most of my life, the end of summer and the arrival of fall have signaled the beginning of a new year. It’s easy to measure the passage of time when you put on a school uniform and realize that it no longer fits, or discover that the backpack that worked well in elementary school no longer suits a middle-school identity. Whether it’s the leaves changing colors and slipping from the trees or the peppering of back-to-school ads, there are plenty of reminders all around us that a new season is beginning.
In my work coaching women leaders and executives, I’ve discovered how quickly we lose the rhythm of these seasons—this awareness of endings and beginnings—in our professional lives. Without that pause for identifying what we’ve achieved and how we can prepare for our next area of impact, it’s much more challenging to discern progress. And yet, progress matters. We should be moving forward in our work, not necessarily linearly, but advancing in a unique pattern that makes sense for who we are and who we aspire to be. We should be intentional about recognizing these new seasons and taking the time to assess those behaviors and professional habits that may no longer fit the next stage of our career.
I encourage my clients to schedule weekly time for reflection and assessment. As the CEO of your own career, it’s equally vital to periodically pause for a leadership retreat—a time to clarify your vision, redefine your mission, and equip yourself to lead into a new season.
Much like a typical executive retreat, your leadership retreat should equip you for growth. You’ll want to set new goals and identify ways in which to further develop your leadership skills. You may need to determine how to maximize your own productivity, or enhance your ability to communicate more effectively. You may wish to spend time assessing your leadership brand and determining your unique value and attributes. And, of course, you’ll want to determine how best to implement your new plan of action.
I realize that this may feel very tactical and results-oriented. There will be times in your career where you recognize that a tactical approach is precisely what’s needed. At others, you may see that the role you’ve been occupying has given you an expertise in delivering results, but the work you’re aspiring to will require you to become more visionary. Many women step back from their careers to care for family or children and need to assess how best to reinvest in their professional aspirations.
I speak of seasons in a career because that metaphor offers a helpful reminder that a career is seldom an orderly and rapid progression from point A to point Z. There isn’t one winter and one spring and a specific transition point between the two. The seasons look quite different, depending on where you are and who you are. And there is always a new season ahead, and a fresh chance to live and work with energy and joy.
Your leadership retreat should provide you with time to assess the impact you’re having and begin to nurture fresh ideas and visionary thinking that will equip you for a life of purpose. Here are three questions to reflect on to prepare for a new season of your career:
- Am I equating busyness with impact?
- Which two high-impact areas will increase my leadership authority and brand value?
- What do I want to be known for in my next year of work?
The best leadership retreats enable you to pause, to carve out strategic white space away from the busy everyday demands of a career, and instead to focus on big ideas. I encourage you to schedule that time to identify your goals for your next season, and determine how best to establish yourself as a strategic resource, to know—fully know—where you can add value to your organization, and find confidence in that knowledge. | https://www.forbes.com/sites/forbesbooksauthors/2022/08/15/welcome-to-your-leadership-retreat/ | 2022-08-15T14:03:30Z | https://www.forbes.com/sites/forbesbooksauthors/2022/08/15/welcome-to-your-leadership-retreat/ | true |
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)
Andrew Mines, George Washington University and Amira Jadoon, Clemson University
(THE CONVERSATION) When the Taliban returned to power in Afghanistan on Aug. 15, 2021, there were faint hopes that this time would be different.
The Taliban promised to respect girls’ education and women’s rights, and to not allow the country to become a breeding ground for terrorism, as it had been in the Taliban’s previous stint in government before the 2001 U.S. intervention.
But a year after the fall of Kabul, the Taliban has failed to deliver on these promises and gradually become more repressive as it tries to consolidate power in the country.
Its record on women’s rights has been abysmal, as has its distribution of much-needed humanitarian aid.
Meanwhile, the view that the Taliban could meaningfully mitigate the counterterrorism concerns of the West has only grown more absurd since it first made such promises as part of 2020’s Doha agreement to secure a U.S. exit. The Taliban’s leading political ranks remain dominated by wanted terrorists, including members of the influential terrorist group the Haqqani Network.
As scholars who monitorextremist groups in the region, we believe terrorists in Afghanistan have only become more emboldened in the first year of Taliban rule. And despite isolated successful operations by the U.S., including the recent drone strike that killed al-Qaida chief Ayman al-Zawahri, we are still concerned that U.S.‘s current counterterrorism policies are insufficient to contain the growing threat.
False promises
Taliban statements both before they took power and after suggested that the group – publicly, at least – was shunning terrorist groups and foreign fighters.
But the most recent United Nations security monitoring reports warned that the Taliban are simply relocating some terrorist groups and individuals to make them more inconspicuous. Moreover, the Taliban are allowing the continued functioning of terrorist training camps, and potentially even awarding citizenship to some foreign fighters, the monitoring team reported in May 2022. Their assessments suggests that al-Qaida “has a safe haven under the Taliban” while casting doubt over the Taliban’s intent to restrain other terrorist groups, including ISIS-K, an offshoot of the Islamic State group.
The Taliban’s disdain for its Doha commitment not to allow “individuals or groups, including al-Qaida, to use the soil of Afghanistan to threaten the security of the United States and its allies” was exposed most recently in the case of al-Zawahri. Prior to the terrorist leader’s death, al-Zawahri was residing in downtown Kabul apparently under the permission, invitation and protection of top Taliban officials.
The accommodation of al-Qaida is not isolated. The Taliban has similarly been reluctant to crack down on the Tehrik–e-Taliban Pakistan, the Afghan Taliban’s deadly terrorist ally in Pakistan that has increased cross-border attacks on Pakistan following the U.S. withdrawal from neighboring Afghanistan.
Sheltering terrorists
The circumstances of al-Zawahri’s death have left many unknowns. It is not clear who among the Taliban was aware of al-Zawahiri’s presence – the group’s initial statement on the U.S. strike suggested that it had “no knowledge of his arrival and residence.” Nor is it immediately apparent how the targeted killing will affect intra-Taliban dynamics, including for younger and more hard-line members who may push senior leadership to respond aggressively.
Counterterrorism experts have also voiced concerns over which other al-Qaida members the Taliban might be sheltering.
What is apparent is that at least some high-ranking Taliban felt comfortable enough, despite public commitments, to host a terrorist leader who continued to incite violence against the West until his death.
The repercussions of this decision could further hamper the stability and well-being of Afghanistan. If the Taliban continue to fail on their commitments to steer clear of harboring militants, the country is likely to remain an international pariah, which will only worsen its rampant problems and potentially steer Afghanistan toward another civil war.
Resistance to Taliban rule
Despite their seemingly rapid takeover of the country in August 2021, the Taliban have yet to exert full control over all of Afghanistan.
In addition to the severe economic crisis, pockets of resistance persist, and in some areas appear to be growing. Reports suggest that by spring 2022, the number of armed groups challenging the Taliban’s authority had grown significantly. Among them is a breakaway Taliban faction led by an ethnic Hazara commander named Mawlawi Mehdi and the National Resistance Front led by the son of Ahmad Shah Mahsud, the deceased former leader of the anti-Taliban Northern Alliance.
The Taliban have since deployed tens of thousands of their fighters to suppress bothgroups.
What’s more, in May 2022, dozens of exiled warlords who fled the country rallied together to form the High Council of National Resistance. The leaders of the council are demanding a stake in their country’s future or else, in the words of the Uzbek warlord Abdul Rashid Dostum, “Afghanistan will experience civil war once again.”
And then there is the challenge posed by ISIS-K. We warned back in February 2021 and again in October that American drones and the Taliban’s animosity for ISIS-K wouldn’t be enough to stop the group’s revival and violence. Indeed, in January 2022, we traced ISIS-K’s resurgence under its new leader, from its depletion following years of personnel and territorial losses due to military operations, to the revived threat that the group poses today. The deadly consequences of that resurgence were seen on Aug. 26, 2021, in an attack that left at least 100 people dead, including 13 U.S. troops.
At present, ISIS-K is in the middle of two key campaigns. The first is aimed at building a wide militant base that draws on local populations and regional militant groups. The second is a campaign to delegitimize the Taliban through attacks and propaganda designed to highlight Taliban incompetence, and frame the Taliban government as illegitimate.
Over time – and with the backing of the core Islamic State group in Iraq and Syria and other resistance groups draining the Taliban’s resources – we believe ISIS-K has the potential to chip away at the Taliban’s governance while expanding its own influence.
A global threat?
Emboldened militant groups in Afghanistan pose a threat not just to the country itself, but also to the region and potentially the global community.
The Taliban’s success in retaking Afghanistan encouraged an already-resurgent Pakistani Taliban to pursue a campaign of violence and push for political concessions from the Pakistani government.
Similarly, al-Qaida’s global network of affiliates has drawn inspiration from the Taliban’s victory. And despite the symbolic blow of al-Zawahri’s death, many of those affiliates in the Middle East and Africa remain operationally unaffected by any fallout from the U.S. strike.
In spite of the success of that operation, debate continues over the effectiveness of the United States’ over-the-horizon counterterrorism strategy, which involves the launching of surgical strikes and special operations raids from outside the country.
The al-Zawahri operation demonstrated that sound intelligence can result in effective targeting of high-profile terrorists. But counterterrorism expertsincluding ourselves remain concerned over whether such strikes can be effective in targeting less prominent militants who nevertheless play a critical role in the day-to-day operations.
To bolster the strategy, the U.S. could seek out more robust relationships with resistance groups hostile to the Taliban, as well as with neighboring Central Asian countries, such as Tajikistan and Uzbekistan, in order to bolster the intelligence needed to conduct over-the-horizon strikes. But such partnerships would not come without their downsides, including further isolating the Taliban.
International diplomatic efforts and U.S. counterterrorism operations, along with internal pressure from resistance groups and jihadist rivalries, may encourage the Taliban to reform its ways.
But if the second year of Taliban rule fails to produce meaningful changes, the outlook for the country and its citizens will likely only turn for the worse.
This article is republished from The Conversation under a Creative Commons license. Read the original article here: https://theconversation.com/a-year-after-the-fall-of-kabul-talibans-false-commitments-on-terrorism-have-been-fully-exposed-188132. | https://www.seattlepi.com/news/article/A-year-after-the-fall-of-Kabul-Taliban-s-false-17373917.php | 2022-08-15T14:08:14Z | https://www.seattlepi.com/news/article/A-year-after-the-fall-of-Kabul-Taliban-s-false-17373917.php | true |
ST. PETERSBURG, Fla. — The U.S. Coast Guard says it suspended the search for a missing 49-year-old Naples doctor on Sunday.
Chaundre Cross disappeared while at sea on Wednesday and since then, crews covered an area of about 13,100 square miles over 100 hours, the Coast Guard said in a news release.
The initial investigation was begun by watchstanders from Coast Guard Sector St. Petersburg command center on Wednesday and they found Cross' "Vitamin Sea" boat 16 miles south of Sanibel Island on Thursday, the news release said.
“It is always a difficult decision to suspend a search and rescue case,” Capt. Michael Kahle said, commander of Sector St. Petersburg. “Our deepest sympathies and condolences go out to the family and friends of Dr. Cross during this difficult time.”
Cross is a cancer doctor with offices in Bonita Springs and Naples, according to WINK-TV. Employees at Genesis care told the station in a statement that "we, of course, are concerned for the well-being of Dr. Cross."
Florida Fish and Wildlife Commission, Collier County Sheriff, Lee County Sheriff and Naples Police reportedly also contributed to the search efforts. | https://www.wtsp.com/article/news/local/pinellascounty/coast-guard-search-suspended-chaundre-cross-doctor-naples/67-19035d1f-f85e-4e40-aab6-4b91c7dcba0d | 2022-08-15T14:08:44Z | https://www.wtsp.com/article/news/local/pinellascounty/coast-guard-search-suspended-chaundre-cross-doctor-naples/67-19035d1f-f85e-4e40-aab6-4b91c7dcba0d | true |
A group of children stand under a bucket while the bucket spills some water at the splash pad at Brandi Fenton Memorial Park in Tucson, Ariz. on June 7, 2022.
Rebecca Sasnett, Arizona Daily Star
Tucson from Sentinel Peak as clouds roll through Pima County on Dec. 29, 2020.
Josh Galemore / Arizona Daily Star
Pedestrians creating shade with an umbrella walk across East Speedway Blvd. at the the intersection of East Speedway Blvd. and North Alvernon Way in Tucson, Ariz. on June 7, 2022. Weekend temperatures are expected to reach 110 degrees or higher according to the National Weather Service. A heat warning is in effect from Thursday until Sunday.
Rebecca Sasnett, Arizona Daily Star
A gentleman uses an umbrella for shade while waiting for a bus to arrive at a bus stop on the corner of North Oracle Road and West Limberlost Drive in Tucson, Ariz. on June 7, 2022.
Rebecca Sasnett
A roofing crew member wipes his face while working in 100-degree heat on Nottinghill Apartments on North Alvernon Way on Tuesday.
Today should be mostly sunny with a high near 97 and a 50 percent chance of rain. Tonight should be partly cloudy with a low around 74 and a 30 percent chance of rain.
Yesterday's high was 99 degrees and the low was 74.
Last year on this date the high was 80 and the low was 74. Fifty years ago on this date the high was 94 degrees and the low was 68. One hundred years ago the high was 97, the low was 72 and there was 0.67 of an inch of rain.
The record high for Aug. 15 is 110, set in 2015.
On Aug. 15, 1932, a freak storm did a lot of damage in a small area of Tucson. From the Arizona Daily Star, Tuesday, Aug. 16, 1932:
Freak Storm Hits Residence Areas
Trees, Poles, Roofs and Nerves Are Chief Sufferers
A freak storm, centering on an area about nine blocks long and six blocks wide, between Park and Stone avenues and Speedway and Sixth street, uprooted trees, tore down fences and wreaked general havoc with wind and water at 4 o'clock yesterday afternoon. There were no injuries, however.
East Third street ran from curb to curb with water soon after the storm and lawns and yards became miniature lakes in the area affected.
The only thing known to have been hit outside the area was a roof on the house occupied by John McIver at 2520 North Stone avenue. The roof was picked off bodily and deposited across the street in the yard of Malcolm Huff, 2525 North Stone avenue.
Expect today to be partly sunny with a high near 96 and a 50 percent chance of rain. Tonight should be mostly cloudy with a low around 74 and a 40 percent chance of rain.
Yesterday's high was 99 degrees, the low was 73 and there was a trace of rain.
Last year on this date the high was 89 degrees, the low was 69 and there was 2.15 inches of rain. Fifty years ago on this date the high was 94 degrees and the low was 71. One hundred years ago the high was 99, the low was 74 and there was a trace of rain.
The record high for Aug. 14 is 111, set in 2020.
Aug. 13
Today should be partly sunny with a high near 97 and a 50 percent chance of rain. Tonight expect it to be mostly cloudy with a low around 75 and a 50 percent chance of rain.
Yesterday's high was 95, the low was 77 and there was 0.08 of an inch of rain.
Last year on this date the high was 92 and the low was 74. Fifty years ago on this date the high was 90 degrees, the low was 67 and there was a trace of rain. One hundred years ago the high was 98 and the low was 75.
The record high for Aug. 13 is 111 set in 2020.
Aug. 12
Today is expected to be mostly sunny with a high near 98 and a 60 percent chance of rain in the afternoon. Tonight should be mostly cloudy with a low around 74 and a 50 percent chance of rain.
Yesterday's high was 97 degrees, the low was 75 and there was a trace of rain.
One year ago on this date the high was 91, the low was 71 and there was 0.21 of an inch of rain. Fifty years ago on this date the high was 92, the low was 67 and there was 0.72 of an inch of rain. One hundred years ago the high was 103 and the low was 73.
The record high for Aug. 12 is 109, set in 2012.
Aug. 11
Today should be partly sunny with a high near 100 and a 50 percent chance of rain. Tonight should be mostly cloudy with a low near 74 and a 50 percent chance of rain.
Yesterday's high was 99 degrees, the low was 73 and there was 0.29 of an inch of rain.
Last year on this date the high was 91, the low was 70 and there was 0.68 of an inch of rain. Fifty years ago on this date the high was 93, the low was 70 and there was 0.22 of an inch of rain. One hundred years ago the high was 100 and the low was 70.
The record high for Aug. 11 is 108, set in 1993.
Aug. 10
Today you can expect a high of 98 degrees and a 50 percent chance of rain in the afternoon. Tonight will be mostly cloudy with a low around 74 and a 40 percent chance of rain.
Yesterday's high was 98 degrees, the low was 75 and there was 0.01 of an inch of rain.
Last year on this date the high was 93, the low was 73 and there was 0.03 of an inch of rain. Fifty years ago on this date the high was 94, the low was 68 and there was 0.09 of an inch of rain. One hundred years ago the high was 93 and the low was 67.
The record high for Aug. 10 is 110 degrees, set in 2003.
Aug. 9
Today is expected to be partly sunny with a high hear 96 and a 60 percent chance of precipitation. Tonight should be mostly cloudy with a low around 74 and a 60 percent chance of rain.
Yesterday's high was 99, the low was 72 and there was 0.12 of an inch of rain.
Last year on this date the high was 80, the low was 75 and there was a trace of rain. Fifty years ago the high was 92, the low was 68 and there was 0.42 of an inch of rain. One hundred years ago on this date the high was 89, the low was 69 and there was 0.19 of an inch of rain.
The record high for Aug. 9 is 109, set in 1915.
Photos: 2022 monsoon around Tucson
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Johanna Eubank is a digital producer for the Arizona Daily Star and tucson.com. She has been with the Star in various capacities since 1991.
A group of children stand under a bucket while the bucket spills some water at the splash pad at Brandi Fenton Memorial Park in Tucson, Ariz. on June 7, 2022.
Pedestrians creating shade with an umbrella walk across East Speedway Blvd. at the the intersection of East Speedway Blvd. and North Alvernon Way in Tucson, Ariz. on June 7, 2022. Weekend temperatures are expected to reach 110 degrees or higher according to the National Weather Service. A heat warning is in effect from Thursday until Sunday.
A gentleman uses an umbrella for shade while waiting for a bus to arrive at a bus stop on the corner of North Oracle Road and West Limberlost Drive in Tucson, Ariz. on June 7, 2022. | https://tucson.com/news/weather/todays-tucson-weather-forecast-aug-15/article_115c5c9c-1a95-11ed-a676-4bab091dd2fe.html | 2022-08-15T14:09:24Z | https://tucson.com/news/weather/todays-tucson-weather-forecast-aug-15/article_115c5c9c-1a95-11ed-a676-4bab091dd2fe.html | true |
BOCA RATON, Fla., Aug. 15, 2022 /PRNewswire/ -- Castle Connolly Private Health Partners, LLC ("CCPHP"), a leading membership-based (or "concierge") medical practice conversion and support company, is pleased to announce its collaboration with Brian C. Moraes, DO, FASPC, and Deanna Weilbacher PA-C, to establish HMS CCPHP, a concierge medicine program in conjunction with their existing internal medicine practice Boca Raton, FL.
During Dr. Moraes and Deanna's tenure as internal medicine practitioners in Boca Raton, Florida, they have built enduring relationships with their patient base, many of whom have been loyal to them for many years. As their practice continued to grow, so did the administrative demands of operating and maintaining a private practice. They found themselves at a crossroads: either continue to practice high-volume medicine, seeing many patients a day, but spending a limited amount of time with each of them or let their practice evolve to deliver highly personalized, preventative care and a chance to empower their patients with greater education and information.
The concierge (membership-based) model continues to be a rewarding experience for providers and patients alike. The increased time and flexibility allow concierge providers, like Dr. Moraes and Deanna, to schedule patients for an hour appointment, if desired.
"I want to know my patients on a personal level, and having the extra time to do so allows me to provide them with better care," says Deanna Weilbacher.
Concierge patients of HMS CCPHP receive a host of added amenities as Members, including 24/7 connectivity to both Dr. Moraes and Deanna via a direct phone number and a customized telehealth app, same/next day appointments with limited to no wait times regardless of medical necessity, and the SENS Solution® Wellness Program powered by CCPHP.
"The most valuable thing I can give to my patients is my time," says Dr. Moraes. " This program enables me to spend significantly more time with them that I wouldn't have otherwise."
"CCPHP is pleased to add both Dr. Brian Moraes and Deanna Weilbacher to our roster of outstanding concierge physicians," says CCPHP CEO and President Dean McElwain. "Their practice philosophy aligns with CCPHP's mission to providing an exceptional healthcare experience for all Members."
Dr. Moraes' underlying guiding principle has always been that less medication equals better quality of life. Today, his practice has patients who travel from all over the country just for their medical care. Dr. Moraes was one of the first DOs in the country to be named a Fellow of The American College of Preventive Cardiology. He had a hand in the creation of Excel Medical Clinical Trials, one of the preeminent clinical trial sites in South Florida.
Deanna went to PA school at South University in Tampa, Florida, and has experience at a primary care office in Clearwater, FL. She later worked at a primary care clinic in Delray Beach, largely focusing on mental health and substance abuse. Deanna began working with Dr. Moraes soon after. Together they have put together protocols that combine traditional medicine, integrative medicine, nutrition, physical fitness, and a strong focus on quality of life.
Learn more about Dr. Moraes and Deanna's concierge program, HMS CCPHP:
- Visit: hmsccphp.com
- Call: (561) 235-3088
- Email: hmsmemberservices@ccphp.net
Castle Connolly Private Health Partners (CCPHP) works with exceptional physicians to create and support concierge (membership-based) healthcare programs that enable the optimal practice environment and the physician-patient relationship. Members (patients) pay an affordable fee to take advantage of a wide array of enhancements for a more convenient, comprehensive, collaborative, and personalized approach to support health and wellbeing. For more information, go to ccphp.net.
View original content to download multimedia:
SOURCE Castle Connolly Private Health Partners, LLC | https://www.wkyt.com/prnewswire/2022/08/15/boca-raton-internist-dr-brian-c-moraes-internal-medicine-physician-assistant-deanna-weilbacher-collaborate-with-castle-connolly-private-health-partners-create-new-concierge-medical-program-offering-patients-more-personalized-approach-their-care/ | 2022-08-15T14:13:21Z | https://www.wkyt.com/prnewswire/2022/08/15/boca-raton-internist-dr-brian-c-moraes-internal-medicine-physician-assistant-deanna-weilbacher-collaborate-with-castle-connolly-private-health-partners-create-new-concierge-medical-program-offering-patients-more-personalized-approach-their-care/ | false |
BOCA RATON, Fla., Aug. 15, 2022 /PRNewswire/ -- Castle Connolly Private Health Partners, LLC ("CCPHP"), a leading membership-based (or "concierge") medical practice conversion and support company, is pleased to announce its collaboration with Brian C. Moraes, DO, FASPC, and Deanna Weilbacher PA-C, to establish HMS CCPHP, a concierge medicine program in conjunction with their existing internal medicine practice Boca Raton, FL.
During Dr. Moraes and Deanna's tenure as internal medicine practitioners in Boca Raton, Florida, they have built enduring relationships with their patient base, many of whom have been loyal to them for many years. As their practice continued to grow, so did the administrative demands of operating and maintaining a private practice. They found themselves at a crossroads: either continue to practice high-volume medicine, seeing many patients a day, but spending a limited amount of time with each of them or let their practice evolve to deliver highly personalized, preventative care and a chance to empower their patients with greater education and information.
The concierge (membership-based) model continues to be a rewarding experience for providers and patients alike. The increased time and flexibility allow concierge providers, like Dr. Moraes and Deanna, to schedule patients for an hour appointment, if desired.
"I want to know my patients on a personal level, and having the extra time to do so allows me to provide them with better care," says Deanna Weilbacher.
Concierge patients of HMS CCPHP receive a host of added amenities as Members, including 24/7 connectivity to both Dr. Moraes and Deanna via a direct phone number and a customized telehealth app, same/next day appointments with limited to no wait times regardless of medical necessity, and the SENS Solution® Wellness Program powered by CCPHP.
"The most valuable thing I can give to my patients is my time," says Dr. Moraes. " This program enables me to spend significantly more time with them that I wouldn't have otherwise."
"CCPHP is pleased to add both Dr. Brian Moraes and Deanna Weilbacher to our roster of outstanding concierge physicians," says CCPHP CEO and President Dean McElwain. "Their practice philosophy aligns with CCPHP's mission to providing an exceptional healthcare experience for all Members."
Dr. Moraes' underlying guiding principle has always been that less medication equals better quality of life. Today, his practice has patients who travel from all over the country just for their medical care. Dr. Moraes was one of the first DOs in the country to be named a Fellow of The American College of Preventive Cardiology. He had a hand in the creation of Excel Medical Clinical Trials, one of the preeminent clinical trial sites in South Florida.
Deanna went to PA school at South University in Tampa, Florida, and has experience at a primary care office in Clearwater, FL. She later worked at a primary care clinic in Delray Beach, largely focusing on mental health and substance abuse. Deanna began working with Dr. Moraes soon after. Together they have put together protocols that combine traditional medicine, integrative medicine, nutrition, physical fitness, and a strong focus on quality of life.
Learn more about Dr. Moraes and Deanna's concierge program, HMS CCPHP:
- Visit: hmsccphp.com
- Call: (561) 235-3088
- Email: hmsmemberservices@ccphp.net
Castle Connolly Private Health Partners (CCPHP) works with exceptional physicians to create and support concierge (membership-based) healthcare programs that enable the optimal practice environment and the physician-patient relationship. Members (patients) pay an affordable fee to take advantage of a wide array of enhancements for a more convenient, comprehensive, collaborative, and personalized approach to support health and wellbeing. For more information, go to ccphp.net.
View original content to download multimedia:
SOURCE Castle Connolly Private Health Partners, LLC | https://www.wsaz.com/prnewswire/2022/08/15/boca-raton-internist-dr-brian-c-moraes-internal-medicine-physician-assistant-deanna-weilbacher-collaborate-with-castle-connolly-private-health-partners-create-new-concierge-medical-program-offering-patients-more-personalized-approach-their-care/ | 2022-08-15T14:13:30Z | https://www.wsaz.com/prnewswire/2022/08/15/boca-raton-internist-dr-brian-c-moraes-internal-medicine-physician-assistant-deanna-weilbacher-collaborate-with-castle-connolly-private-health-partners-create-new-concierge-medical-program-offering-patients-more-personalized-approach-their-care/ | false |
STOCKHOLM, Aug. 15, 2022 /PRNewswire/ -- During the period August 8 - August 12, 2022 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total 120,381 own series B shares (ISIN: SE0016589188) as part of the buyback program initiated by the Board of Directors in order to optimize the company's capital structure.
The share buybacks form part of the buyback program of a maximum of 8,000,000 series B shares for a total maximum amount of SEK 1,250 million, which AB Electrolux announced on April 29, 2022. The buyback program, which runs between May 2, 2022 - October 21, 2022, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation 2016/1052 (the "Safe Harbour Regulation"). The objective of the share buybacks is to optimize the company's capital structure and the intention is to reduce Electrolux share capital through subsequent share cancellations.
Series B shares in AB Electrolux have been repurchased (in SEK) as follows:
All acquisitions have been carried out on Nasdaq Stockholm by Citigroup Global Markets Europe AG on behalf of AB Electrolux. Following the above acquisitions, AB Electrolux holding of own shares as of August 12, 2022 amounts to 10,638,825 series B shares. The total number of shares in AB Electrolux amounts to 283,077,393.
A full breakdown of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this announcement.
CONTACT:
For further information, please contact:
Sophie Arnius, Investor Relations, +46 70 590 80 72
Electrolux Press Hotline, +46 8 657 65 07
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
View original content:
SOURCE Electrolux | https://www.wkyt.com/prnewswire/2022/08/15/buybacks-series-b-shares-ab-electrolux-during-week-32-2022/ | 2022-08-15T14:13:41Z | https://www.wkyt.com/prnewswire/2022/08/15/buybacks-series-b-shares-ab-electrolux-during-week-32-2022/ | false |
WFO CORPUS CHRISTI Warnings, Watches and Advisories for Monday, August 15, 2022
_____
FLASH FLOOD WARNING
Flash Flood Statement
National Weather Service Corpus Christi TX
851 AM CDT Mon Aug 15 2022
...FLASH FLOOD WARNING REMAINS IN EFFECT UNTIL 945 AM CDT THIS
MORNING FOR SOUTH CENTRAL WEBB COUNTY...
At 851 AM CDT, Emergency management and public report thunderstorms
producing heavy rain across the warned area causing street flooding
and creek water levels near their banks. Between 2 and 4 inches of
rain have fallen. Additional rainfall amounts up to 2 inches are
possible in the warned area. Flash flooding is already occurring.
HAZARD...Flash flooding caused by thunderstorms.
SOURCE...Emergency management reported.
IMPACT...Flash flooding of small creeks and streams, urban areas,
highways, streets and underpasses as well as other poor
drainage and low-lying areas.
Some locations that will experience flash flooding include...
Laredo, Laredo International Airport, St Augustine High School
South Laredo, Texas A&M, Laredo Country Club, United South High
School, Laredo Community College, Doctors Hospital Of Laredo and
Orvil.
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.
_____
Copyright 2022 AccuWeather | https://www.sfgate.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17373996.php | 2022-08-15T14:14:48Z | https://www.sfgate.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17373996.php | true |
WFO CORPUS CHRISTI Warnings, Watches and Advisories for Monday, August 15, 2022
_____
FLASH FLOOD WARNING
Flash Flood Statement
National Weather Service Corpus Christi TX
753 AM CDT Mon Aug 15 2022
...FLASH FLOOD WARNING WILL EXPIRE AT 8 AM CDT THIS MORNING FOR
NORTHWESTERN JIM WELLS, NORTHWESTERN KLEBERG AND WEST CENTRAL NUECES
COUNTIES...
Flood waters have receded. The heavy rain has ended. Flooding is no
longer expected to pose a threat. Please continue to heed remaining
road closures.
A Flood Watch remains in effect until 700 PM CDT Monday for a
portion of south Texas.
_____
Copyright 2022 AccuWeather | https://www.ctpost.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17373905.php | 2022-08-15T14:15:06Z | https://www.ctpost.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17373905.php | false |
TORONTO , Aug. 15, 2022 /PRNewswire/ -- Canadian skincare brand Indeed Labs™ is excited to announce its rollout of approachable, science-based, and affordable skincare into Target stores across the United States. Commencing August 15, 2022, Indeed Labs™ launches in-store and online at Target.com with five hero products, including the TikTok-viral and cult-favorite Nanoblur blurring cream. All products are cruelty-free, fragrance-free, responsibly-sourced, and created with science-backed formulas. Leading the way in science and innovation, Indeed Labs™ uses high levels of actives to create products that give consumers the real results they're looking for.
Indeed Labs™ revolutionary products in Target include award-winning Nanoblur™ Instant Skin-Blurring Cream which instantly blurs and filters skin, minimizing the look of enlarged pores, shine, wrinkles, blemishes and crow's feet while leaving skin with a silky-smooth finish. The Peptalash™ Lengthening Lash Treatment is an innovative eyelash enhancing serum that targets eyelash growth to lengthen, thicken and strengthen lashes. It can also be used on eyebrows! Snoxin II™ Facial Line & Wrinkle Fighting Serum is a supercharged serum developed with XEP-018™, a clinically proven biomimetic peptide that minimizes muscle contractions to instantly soften the appearance of dynamic lines and wrinkles; it delivers both instant and long-term results including smoother and more even-textured skin, maximum moisture retention, and improved elasticity. Vitamin C Brightening Drops restores your skin's luminosity, radiance, and brightness with the power of vitamin C, a potent antioxidant your skin will be thankful for! Vitamin C brightening drops use an encapsulated and non-phototoxic form of pure ascorbic acid (vitamin C), volcanic soil, and hyaluronic acid that work together to even skin tone, reduce hyperpigmentation, and brighten the appearance of skin. And finally, Hydraluron™ Moisture Jelly rejuvenates dry, dull skin with a unique jelly moisturizer that saturates the skin with fast-absorbing ingredients. Filled with hyaluronic acid and PatchH20™ technology, it works to combat dullness, dehydration, dryness and signs of premature aging by providing the skin with instant and long-lasting hydration.
This expanded footprint in Target brick and mortar stores will broaden Indeed Labs™ reach to bring highly targeted skincare with transparency and accessible pricing into the United States market. "As a Canadian brand with a robust global community, this launch in Target is monumental for us," says Dimitra Davidson, President and COO of Indeed Labs™. "We know the brand will resonate with the Target shopper, who is discerning and is looking for affordable, unique and high-quality products. We are incredibly excited to be expanding our community within the US market."
Indeed Labs™ is now available in Target stores and Target.com with prices ranging from $19.99 - $29.99. For more information and to schedule an interview contact indeedlabs@michelemariepr.com
About Indeed Labs™:
Indeed Labs may be playful, but they don't play around when it comes to skincare. Wild claims, fancy packaging, and photoshopped skin don't give people real results. Science-based formulas do. That's why Indeed Labs creates products with premium quality, clinically proven ingredients that are responsibly-sourced. Since inception, the mission has been to change the way consumers look at skincare and their skincare journey. The brand strives to be the one consumers turn to for real results, and formulas driven by science. Always at the forefront of innovation, their goal is to revolutionize the skincare industry with trusted products that deliver the results consumers are looking for, at wallet friendly prices.
View original content to download multimedia:
SOURCE Indeed Labs | https://www.wsaz.com/prnewswire/2022/08/15/indeed-labs-is-now-available-target-its-all-under-30/ | 2022-08-15T14:16:15Z | https://www.wsaz.com/prnewswire/2022/08/15/indeed-labs-is-now-available-target-its-all-under-30/ | true |
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