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CHICAGO, Aug. 29, 2022 /PRNewswire/ -- As modern workplaces continue to evolve in light of the COVID-19 pandemic, so too must workers' compensation claims organizations in order to achieve optimal outcomes. Yet, standing in the way are deeply entrenched challenges that more than 3,300 claims leaders and frontline professionals have brought to the forefront in previous Workers' Compensation Benchmarking Study research.
"Eight years of data shows—to succeed in the face of core claims challenges—organizations need to transform legacy processes, mindsets, semantics, and ingrained cultural practices. Specifically, our data shows that those claims organizations with superior outcomes are also those who are further along in this transformation process," said Rachel Fikes, chief experience officer and study program director at Rising Medical Solutions. "With this in mind, our latest research brought together claims leaders from diverse organizations to dig deeper into exactly how they are evolving to outpace their peers."
The ninth annual study draws upon first-person, focus group research for its latest report, with over 30 industry executives gathering this past December to examine real-world strategies organizations are using to overcome the foremost barriers to claims management mastery. Participant companies represented a national cross-section of self-insured employers, regional and national carriers, state funds, and third party administrators.
With claims, clinical, and medical management perspectives, the research exercise generated expert guidance payers can use to drive success by: (1) surmounting the repeatedly ranked top obstacles to achieving desired claims outcomes, (2) moving from tactical to strategic, cultural change in the execution of employee-centric claims models, and (3) operationalizing social determinants of health (SDOH) best practices.
Focus group research topics were chosen based on prior study data and the resulting report contains three (3) concise lists of potent recommendations, including key claims strategies to:
- Improve return-to-work options, drive incentives across stakeholders, and engage injured employees
- Equip frontline professionals with optimal interventions, while addressing the stigma of psychosocial issues and mental health conditions
- Overhaul communication practices to increase employee trust and reduce litigation
- Redesign claims best practices to include an end-to-end, cultural focus on the employee-centric model
- Utilize frontline claims professionals in employee-centric model design, implementation, and training to create ownership and accountability
- Improve outcomes based on a total worker health model, including training on SDOH risk factors that go beyond the walls of the workplace, such as housing instability or food insecurity
- Leverage community resources and social interventions for injured employees with potential health disparities
As in prior years, the new 2021 Report is available to all industry stakeholders without cost or obligation as a contribution to the workers' compensation industry. It may be requested here.
About the Workers' Compensation Benchmarking Study
The Workers' Compensation Benchmarking Study is a national research program examining the complex forces impacting claims management in workers' compensation today. The study's mission is to advance claims management in the industry by providing both quantitative and qualitative data. Through survey research with claims leaders and practitioners nationwide, the program generates actionable intelligence for claims organizations to evaluate priorities, challenges, and strategies amongst their peers. Conceived and directed by Rising Medical Solutions, the ongoing program is a collaboration of industry executives representing diverse organizational perspectives, including the Study's Principal Researcher and Advisory Council:
- Denise Zoe Algire, Director of Risk Initiatives & National Medical Director | Albertsons Companies
- Melissa Burke, PharmD, VP, Head of Claims Integrated Solutions | AmTrust Financial Services
- Dr. Tyrone Spears, Chief, Workers' Compensation Division | City of Los Angeles
- Ben Tebo, JD, VP | Creative Risk Solutions
- Sharon Scott, VP, Medical Programs | ESIS
- Freddy Mistry, AVP, US Claims Operations | Gallagher Bassett
- Helen Weber, AVP, Head of Medical Strategy | The Hanover Insurance Group, Inc.
- Adam Seidner MD, MPH, Chief Medical Officer | The Hartford
- Victoria Kennedy, VP, Workers' Compensation | Linea Solutions
- Scott Emery, Senior Director, Claims | Markel
- Thomas Wiese, VP, Claims | The MEMIC Group
- Michele Fairclough, Medical Services Director | Montana State Fund
- Molly Flanagan, AVP, Workers' Compensation Claims | Nationwide
- Marcos Iglesias MD, VP, Chief Medical Director | Travelers
- Linda Butler, Director, Claims Management | Walt Disney World Resort
- Brian Trick, Director of Claim Services | Wegmans Food Markets, Inc.
- Thomas Stark, VP, Underwriting | Zenith Insurance Company
About Rising Medical Solutions
Rising Medical Solutions is a national managed care firm that provides medical cost containment and medical care management services to the workers' compensation, auto, liability, and group health markets. Rising also directs and publishes the annual Workers' Compensation Benchmarking Study, a national research program examining the complex forces impacting claims management in workers' compensation today.
For more information contact:
Rachel Fikes
rachel.fikes@risingms.com
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SOURCE Rising Medical Solutions LLC | https://www.wbay.com/prnewswire/2022/08/29/workers-compensation-benchmarking-study-releases-ninth-annual-report-examining-operational-transformation-amongst-high-performing-claims-organizations/ | 2022-08-29T10:29:39Z | https://www.wbay.com/prnewswire/2022/08/29/workers-compensation-benchmarking-study-releases-ninth-annual-report-examining-operational-transformation-amongst-high-performing-claims-organizations/ | false |
DLA Piper, a global law firm with Baltimore roots, is moving its Baltimore office back downtown after more than two decades just outside the city limits near Mount Washington, with plans to relocate to Harbor East next summer.
The law firm, formerly Piper & Marbury in Baltimore before two mergers, plans to announce Monday that it signed a 10-year-lease for one floor, more than 34,000 square feet, at 650 S. Exeter St.
Before moving what was then the state’s largest law firm to a low-rise office building off Smith Avenue in 2000, the firm had its office downtown in a tower at 36 S. Charles St. It currently occupies 123,000 square feet in the glassy, cube-like Marbury Building in Pikesville, some of it originally needed for file storage and support functions.
Brett Ingerman, managing partner of the firm’s Baltimore office, said less space is needed because of a pandemic-related shift to more remote work and more reliance on electronic filing.
The current lease is set to expire next June, when the office will relocate to the waterfront neighborhood just east of the Inner Harbor.
“The combination of those events gave us an opportunity to take a hard look at how we utilize our space and our real estate and also the opportunity to return downtown,” Ingerman said. “Baltimore is the economic hub of the region. It allows us to be closer to the clients and the community that we serve.”
Many of the firm’s younger lawyers and prospective hires live or want to live downtown and want to work there as well, and Harbor East, with a mix of shops, restaurants, offices and hotels, is especially attractive, he said.
Office tenants for years have migrated to new mixed-use developments that have sprouted around the city’s waterfront in areas such as Harbor East and Harbor Point, some leaving the city’s much older, established business district.
Relocations include T. Rowe Price Group, the Baltimore-based global investment group that’s building a new headquarters in Harbor Point and Bank of America, which moved its downtown offices to the Legg Mason Tower in Harbor East.
Aside from such shifts, many companies are re-evaluating post-pandemic space needs due to more remote work. One of them, Laureate Education Inc., a longtime Harbor East tenant, had occupied three floors of the Exeter Street building where DLA will be moving but vacated the space after going fully remote in the wake of the pandemic.
Tim O’Donald, president of Harbor East Management Group, the landlord for the Exeter Street building, said DLA will be moving into a prominent place within Harbor East.
O’Donald, who declined to provide the building’s occupancy rate, said the addition of “such a prestigious firm” to the neighborhood is significant.
“It is also significant because DLA is joining a burgeoning community of prestigious law firms that have decided to either stay or relocate to Baltimore City and specifically to Harbor East,” O’Donald said in an email. “It really underscores the vitality of the area and the distinct sense of place which Harbor East and the city’s heralded waterfront provides.”
Saul Ewing Arnstein & Lehr, a downtown Baltimore law firm specializing in business and government clients, announced plans last November to leave the central business district and move to Harbor East. That law firm moved from an office tower at 500 E. Pratt St. at the Inner Harbor to the ninth floor of 1001 Fleet St. Gordon Feinblatt LLC, another law firm, had moved there from the Garrett Building downtown in April 2021.
Daily Top Stories
Mayor Brandon M. Scott said in a statement that “having a firm of DLA Piper’s caliber anchor one of our premiere buildings is a true testament to the area’s reputation as a great place to do business with potential to grow and thrive.”
Ingerman said the move will allow the firm’s 213-person Baltimore office, with 70 lawyers, to design flexible conference space featuring technology to enable the increase in hybrid, in-person and remote meetings and remote court hearings. For instance, Ingerman said, he used to travel to Florida for in-person monthly state court status conferences, but those conferences now are held virtually.
In the new space, some lawyers and professional staff likely will come into the office every day, while others will work mostly remotely, he said.
“The new space will give us an opportunity to accommodate all kinds of different work styles,” Ingerman said. “Those who want to come in and work every day will have a dedicated office and those who would prefer to work remotely or some type of hybrid work arrangement will have the flexibility and the technology to do that as well.
“What’s most important to us is that we continue the firm culture and collegiality amongst the lawyers and professional staff and deliver excellent client service. Having an office is still critically important to ... culture and community and collaboration.”
The former Baltimore-based Piper & Marbury traces its Baltimore roots to the 19th century. Piper & Marbury merged with Chicago-based Rudnick & Wolfe in 1999. That firm joined with DLA in 2005 to form DLA Piper, which today has lawyers in more than 40 countries in the U.S., Europe, the Middle East, Africa and Asia Pacific.
“DLA Piper has always been a supporter of the Baltimore community, so it’s great to see the firm move their offices to the hub of the business district,” said Calvin Butler, chairman of the Greater Baltimore Committee and senior executive vice president and chief operating officer of Exelon, in a statement. | https://www.capitalgazette.com/business/bs-bz-dla-piper-move-harbor-east-20220829-zrtv3wvopzfg7nyj7qx4i5gs3a-story.html | 2022-08-29T10:33:52Z | https://www.capitalgazette.com/business/bs-bz-dla-piper-move-harbor-east-20220829-zrtv3wvopzfg7nyj7qx4i5gs3a-story.html | false |
Difference between revisions of "A History of Zimbabwean Elections"
Latest revision as of 09:33, 29 August 2022
Zimbabwe has had many presidential elections which have been held in contrasting fashions since the country attained independence in 1980. Irregularities were raised over the elections and allegations of rigging, murder, rape, fraud, intimidation and violence were raised by Parties who contested in the elections.
See Elections.
See Electoral System in Zimbabwe.
See Zimbabwe Electoral Commission.
See Zimbabwe Election Support Network (ZESN).
See The Election Resource Centre.
See Political Parties Finance Act.
1980
Southern Rhodesia held general elections, in accordance with the conclusions of the Lancaster House agreement, to decide upon a government that would rule the country. Zanu-PF won making Robert Mugabe the first Prime Minister of Zimbabwe.
It was alleged that the 1980 elections, which were defining in that they marked the end of colonial rule and the dawning of political independence, were rigged.
See ZAPU and the 1980 election.
Irregularities
The late Vice President Joshua Nkomo, in his personal memoirs, The Story of My Life, believed the 1980 elections were rigged and that Zanu-PF used militias to cordon off some parts of the rural areas it believed to be potential strongholds of his political party, The Zimbabwe African People’s Union ZAPU. He points out to politically motivated violence, murder and rape perpetrated on political competitors as some of the ways Zanu-PF used to steal the 1980 election. “…the British election supervisors in an interim report had told the governor that more than half of the electorate was living in conditions where a free vote could not take place.
Nkomo claimed that Zapu was cheated out of some seats it could have won, given a fair campaign,” he noted in his personal account of the tyranny that characterised Mugabe’s rule.
Cabinet 1980
These elections resulted in the: Zimbabwe Cabinet 1980
1985
A newly independent Zimbabwe held general elections for the first time. Zanu PF under Robert Mugabe was re-elected with an increased majority.
See Zimbabwe 1985 Parliamentary Election.
Irregularities
1990
This year marked the first elections to be contested under the amended constitution of 1987, which established an elected executive presidency and abolished the Senate. Edgar Tekere, then ex-Minister of Labour and Man-Power Planning, ran against Mugabe as the candidate of the Zimbabwe Unity Movement (ZUM). He had been expelled from Zanu PF following his consistent criticism of corruption. Tekere was strongly against Mugabe’s notion of a one party state as he was quoted of saying:
“A one-party state was never one of the founding principles of ZANU-PF and experience in Africa has shown that it brought the evils of nepotism, corruption and inefficiency.”
Results
The elections were held 23 March 1990.
Presidential:
- Registered Voters 4,799,333
- Total Votes (Voter Turnout) 2,587,204 (53.9%)
- Invalid/Blank Votes 146,388
- Total Valid Votes 2,440,816
House of Assembly:
- Registered Voters Not Available
- Total Votes (Voter Turnout) 2,237,846 (% N/A)
- Invalid/Blank Votes 139,653
- Total Valid Votes 2,098,193
- 120 seats are filled through direct election; 30 seats are reserved for appointees.
Irregularities
It is reported that Tekere received unprecedented support for his opposition to Mugabe which led to massive election rigging by Zanu PF in order for Mugabe to win. ZUM supporters were the targets of violent attacks which resulted in five candidates being murdered. Those convicted of the attempted murder of former Gweru Mayor the late Patrick Kombayi who was shot in the lower abdomen but survived the shooting, were pardoned immediately afterwards.
1996
The elections were contested by the incumbent President Robert Mugabe, Zimbabwe Rhodesia-era Prime Minister Abel Muzorewa, and Zanu-Ndonga leader Ndabaningi Sithole. Mugabe won, claiming over 90% of the vote, though there was just a 32.3% turnout, largely as a result of Sithole and Muzorewa withdrawing their candidacies shortly before the election (though their names remained on the ballot).
Sithole and Muzorewa withdrew during the week prior to balloting but their names remained on the ballot and both garnered votes.
Irregularities
- Sithole
Ndabaningi Sithole was under virtual house arrest on charges of attempting to assassinate Mugabe so he withdrew claiming that Zanu-PF was undermining his authority.
Sithole was found guilty of conspiring to assassinate Mugabe in December 1997 and sentenced to two years in jail. He appealed, failed and died whilst he was still on bail.
- Muzorewa
Abel Muzorewa pulled out after the supreme court turned down his bid to postpone the elections on the basis that the electoral rules were unfair.
- Margaret Dongo
There were allegations that the voters’ register was littered with inaccuracies, ghost voters and dead people whose names had not been deleted. It was such non-existent voters that the opposition believed were used to rig elections in areas where Zanu-PF would have been defeated. Margaret Dongo, in 1995, successfully contested the election out-come in Harare South constituency on the basis that the voters’ role was in shambles. The fact that she won her case in the High Court made a lot of people believe that the state of the voters’ roll made it liable to abuse by the ZANU-PF.
2000
- 120 seats are filled through direct election; 30 seats are reserved for appointees.
By province
Further Reading
Parliamentary Elections in Zimbabwe, 2000 By David Pottie.
Manager of the Democracy Development Unit at the Electoral Institute of Southern
Africa.
P O Box 740, Auckland Park, 2095, South Africa
Tel: +27 11 482 5495; Fax: 482 6163; e-mail dpottie@eisa.org.za
File:JAEPottie2000Elections.pdf 10 pages.
2002
President Robert Mugabe won claiming 56,2% of the vote which was the closest presidential election to date. The AU described the election as “transparent, credible, free and fair.
Irregularities
The conduct of the election was strongly condemned by the Commonwealth, Norwegian observers, Zimbabwean opposition figures, and Western governments and media.
The 2002 Presidential election is alleged to have marked the consolidation of totalitarianism and thickening of intolerance. It is also believed to have brought in the notion of winning elections “by an means necessary” as was postulated in a Zanu-PF Central committee meeting minutes of March 2007. It was also claimed that this election laid bare the electoral chicanery that Zanu-PF had already been suspected of. As noted by Professor Jonathan Moyo, the former Minister of Information and Publicity in Mugabe’s government, the incumbent used the military, national intelligence, police forces, government ministries and departments and traditional chiefs to win the election.
2005
- 120 seats are filled through direct election; 30 seats are reserved for appointees.
- Partially boycotted by the main opposition Movement for Democratic Change (MDC).
- 50 seats were filled through direct election; 16 seats were reserved for appointees (6 presidential appointees & 10 traditional chiefs).
2008
The three major candidates were incumbent President Robert Mugabe (Zanu PF), Morgan Tsvangirai (MDC), and Simba Makoni, an independent. Nearly a month passed before election results were announced which prompted the MDC to seek an order from the High Court to force their release. It was unsuccessful.
As no candidate received an outright majority in the first round, a second round was held on 27 June 2008 between Tsvangirai (with 48% of the first round vote) and Mugabe (43%). Tsvangirai withdrew from the second round a week before it was scheduled to take place, citing violence against his party’s supporters. The second round went ahead, despite widespread condemnation, and led to victory for Mugabe.
Irregularities
The period following the first round was marked by political violence. Zanu-PF and the MDC each blamed the other’s supporters for perpetrating the violence; Western governments and prominent Western organisations blamed Zanu-PF for the violence.
See Silent Coup in Zimbabwe 2008
Faced with a widely condemned election victory, a parliament without two-thirds majority of his Zanu PF, and a broadly recognized first round result in which Tsvangirai was leading, Mugabe found himself with no choice but to accept the regional and international community’s suggestions for a negotiated political settlement.
2013
This marked the first election held under a new constitution, which was approved in a referendum in March 2013.
Irregularities
2018
See Presidential election 2018.
See Zimbabwe 2018 Harmonised Elections.
See Presidential Candidates 2018 election.
Irregularities
See Post Election Violence in 2018.
See Nelson Chamisa Presidential Election Result Challenge.
Cabinet 2018
These elections produced:
Government Ministries of Zimbabwe
2022
Zimbabwe By-elections (March 2022)
2022 March By-election Winners in Zimbabwe | https://www.pindula.co.zw/index.php?title=A_History_of_Zimbabwean_Elections&diff=119850&oldid=119820 | 2022-08-29T10:35:34Z | https://www.pindula.co.zw/index.php?title=A_History_of_Zimbabwean_Elections&diff=119850&oldid=119820 | true |
SEOUL, South Korea, Aug. 29, 2022 /PRNewswire/ -- EHI Co., Ltd. (CEO Seung Jin Oh) announced on August 24th that a new version of its portable self-defense bell, MY HERO, is on the way and will be available in September through KEEPIT, a global app developed by EHI together with KT.
In case of emergency, pulling the cover of MY HERO activates the following main functions.
- Send SOS messages to 3 pre-specified people
- Track location for 30 minutes
- Transmit real-time video (12 times per 15 seconds)
- Send GPS location information
- Prevent loss with loss prevention function
- Ring at 90dB sound level (can be turned on/off)
In particular, the demand for the new MY HERO is expected to increase drastically at industrial sites in response to the Serious Disaster Act, which has been in effect since 2022.
The new MY HERO can transmit accident site information to the safety manager in real time in case of an emergency through the worker's smartphone even without a separate device installed within the industrial site. In addition, it is economical as there is no monthly fee and it can be used semi-permanently.
MY HERO, which began to be distributed for the safety of single female households in Seoul in 2019, is being distributed in 22 districts in Seoul as of 2022, and demand is increasing in Daegu Metropolitan City, Jeju Special Self-Governing Province, Jeollanam-do and more.
As for exports, which were suspended due to COVID-19, are expected to resume. Countries currently planned for export include Japan, Colombia, and the Philippines.
In July 2022, EHI interview and MY HERO presentation were broadcast in 106 countries through Arirang TV, which became a hot topic among consumers.
The US patent registration (Patent name: Emergency rescue request and loss prevention method and system) was completed in August 2022, and patent application is pending in 38 European countries. New patents related to industrial sites have also been applied for in Korea, Japan, and 38 European countries, and registration is expected to be completed soon.
Over the past three years, EHI has stabilized its own global app, KEEPIT, and is actively conducting marketing activities around the world by actively utilizing the know-how of mass production of more than 200,000 units.
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SOURCE EHI Co., Ltd. | https://www.valleynewslive.com/prnewswire/2022/08/29/ehis-new-version-my-hero-self-defense-smart-device-is-way/ | 2022-08-29T10:36:38Z | https://www.valleynewslive.com/prnewswire/2022/08/29/ehis-new-version-my-hero-self-defense-smart-device-is-way/ | false |
A recent visit to Afghanistan showed a country facing an economic crisis. The banking system has seized up. Credit cards aren't working. Afghans abroad struggle to send money to relatives back home.
Under the direction of the Taliban, which seized power one year ago, many government agencies are functioning and also collecting taxes to pay government workers; but times are hard for many. Women sit outside bakeries, hoping someone will buy them bread. Many people, especially women, have lost their jobs. When an NPR team drove through slow traffic in Kabul, children followed our vehicle asking for money; once a girl climbed on the running board and refused to get off.
In the countryside we met Sherif Nazari, 55, who said he once worked as a highway engineer. Now he's unemployed, and nobody is repairing the highway near his house, which was battered during 20 years of war. Nor is anyone rebuilding the mud-walled homes in his village, many of which were destroyed during the fighting. It's hard to imagine where the funds would come from.
Steep inflation has eroded the value of the currency, the Afghani — and the central bank, which is charged with fighting inflation, can't do much about it. Under the former government, Da Afghanistan Bank parked billions of dollars in currency, U.S. Treasury bonds, and gold in the United States. But when the Taliban seized power a year ago, the Biden administration froze the assets. Officials said they didn't want the militant group to seize and misuse the money in the same way that it seized U.S.-made weapons.
One year later, the assets are on the books and even in the storage rooms of the Federal Reserve Bank of New York. President Biden diverted $3.5 billion of the money to potentially pay families of 9/11 victims who have been fighting in court for a share of the funds. Some of the money has gone to Afghan humanitarian relief, and the future status of at least another $3.5 billion is unclear.
We got some insight on the bank's current condition from Shah Mohammad Mehrabi, who is a member of its supreme council, or governing board. Mehrabi was appointed by the former Afghan government. He remains on the job under the new rulers. Mehrabi continues his work even though he lives outside Washington, D.C. and has not been to Afghanistan since the change in power.
Mehrabi maintains that Da Afghanistan Bank once did a respectable job, keeping inflation in single digits despite years of war. But inflation has soared since the Taliban takeover; one analysis finds that the price of basic goods has risen 43% in a year, and the value of the currency, the Afghani, continues to decline.
The currency has not plunged to the levels of the Taliban's previous rule, when a simple meal could cost 600,000 Afghanis and a necessary skill of daily life was quickly counting giant stacks of cash. But savings and salaries are worth far less than in 2021.
"The bank does have money," he said, "but not adequate to be able to perform the necessary function of the central bank."
Yet Mehrabi says bank branches are still open despite the lack of liquidity.
"The Taliban has not really interfered," he said. He chairs the governing board's audit committee, which has overseen the work of auditors who travel to bank offices around the country.
"The audit department had a lot of security problems during the prior administration," he said, but now that the Taliban who once tried to kill the auditors is in charge, "that security problem no longer exists."
One year after the Taliban takeover, neither the U.S. nor any other nation has recognized the Taliban government, and some of its officials are under U.S. sanctions for extremist acts. The U.S. wants assurances that the central bank would be fully independent of the Taliban.
While the Biden administration has taken several steps to get money flowing, especially for humanitarian aid, Mehrabi maintained that "no increase in humanitarian aid can compensate for the macroeconomic harm of soaring prices for basic commodities."
He acknowledged that U.S. concerns are "legitimate," and said that to resume its normal functions, the bank would need "constant monitoring" and to rebuild its professional staff.
Some staff members have left the country. And the Taliban sent home female employees. "The United States spent a lot of money in terms of educating these people," he said, adding that their departure left a "vacuum" to be filled.
The central bank's shortage of funds is far from Afghanistan's only banking problem. Private banks have struggled to do business with foreign banks, which fear potential entanglement with U.S. sanctions against the Taliban. This has complicated both remittances and day-to-day trade.
"The isolation from the international financial system will have to be ceased," Mehrabi warned. He said the country's poverty will only grow worse in the harsh winter months that lie ahead.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.iowapublicradio.org/news-from-npr/2022-08-29/in-the-talibans-afghanistan-the-near-broke-central-bank-somehow-still-functions | 2022-08-29T10:45:17Z | https://www.iowapublicradio.org/news-from-npr/2022-08-29/in-the-talibans-afghanistan-the-near-broke-central-bank-somehow-still-functions | false |
Couple 'who kidnapped seven-year-old girl to rape before throwing her from second-floor window in bid to kill her' are arrested on Russian island
- Twisted couple kidnapped girl for man to rape before 'trying to kill her'
- The girl is now fighting for her life after being airlifted to hospital in 'grave' state
- Andrey Komaritsky, 46, was arrested on suspicion of rape and attempted murder
- Veronika Khomchuk, 28, targeted child at playground and lured her back to flat
A Russian woman has been arrested for kidnapping a seven-year-old girl 'so her boyfriend could rape the child' before throwing her out of a second-floor window.
Andrey Komaritsky, 46, faces charges of rape and attempted murder for his part in the sickening plot.
Girlfriend Veronika Khomchuk, 28, is accused of kidnapping the girl by luring her under false pretences to her flat, where the brutal attack took place.
The child is fighting for her life after being airlifted to hospital, but remains in 'grave condition', local reports on the remote Russian Kuril islands north of Japan state.
Andrey Komaritsky (left) was already convicted of rape as a youngster, local reports stated. Girlfriend Veronika Khomchuk (right) is accused of luring the child from a playground before the hideous attack
Komaritsky faces charged of rape and attempted murder after 'throwing the child'
She was flown by helicopter from Iturup island to Yuzhno-Sakhalinsk, capital of Sakhalin region, for urgent care.
'It is really hard to find words for what happened,' reported Komsomolskaya Pravda newspaper.
'Veronika chose the victim at a playground for the pervert, according to our sources. When it was over, the animal of the man threw the child out of the window.'
Law enforcement sources also told the newspaper the man had previously been jailed for rape.
Veronika Khomchuk faces charges of kidnapping as she brought the girl back to her flat
The child was airlifted out of the remote islands north of Japan to be given urgent medical care
'There are nearly 20 years difference between the man and woman - when Veronika was born, Andrey had been already jailed for rape.'
The man 'waved and smiled' as he was detained.
The incident has horrified locals in Kurilsk, a town of 1,000 people where 'everyone knows each other', said a report. | https://www.dailymail.co.uk/news/article-11156451/Couple-kidnapped-seven-year-old-girl-rape-throwing-window-arrested.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-29T10:46:12Z | https://www.dailymail.co.uk/news/article-11156451/Couple-kidnapped-seven-year-old-girl-rape-throwing-window-arrested.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
SAN ANTONIO, Aug. 29, 2022 /PRNewswire/ -- San Antonio solar installer, Solar Edge Pros, recently published an article on The Inflation Reduction Act (IRA) and how it benefits homeowners that choose to go solar. The article includes helpful examples and a video with answers to frequently asked questions. The article intends to help homeowners understand the new tax credit system and how they can take advantage of the incentives. Some of the most significant changes mentioned in the article include:
- An increase in the tax credit from 26% to 30%
- Solar tax credit may apply to all installations starting January 1st, 2022
- The tax credit will remain at 30% until 2032
- Tax credit can apply to the entire cost of installation including structure
- Energy storage devices now eligible for the 30% tax credit
The solar company also looks at how much homeowners save with the IRA now in effect compared to the pre-IRA tax credit. When asked about the article, author David M replied, "We get a lot of questions about the solar incentive tax credit. I wrote the article to help interested homeowners know what it all means in layman's terms. Hopefully it will help them decide whether solar is right for their home." Although the article explains some of the eligibility requirements, one should still consult with their financial advisor to determine if they qualify for the tax incentives.
Solar Edge Pros is a solar installer in San Antonio, Texas. They have done over 5,000 solar installations in the Texas. They hold a reputation for excellent customer service based on their Google review and being voted a best in solar finalist for San Antonio. They do all work in-house and are known for long-lasting yet affordable solar carports and patios. To learn more about them, visit their website at https://solaredgepros.com.
Contact:
info@solaredgepros.com
2104019030
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SOURCE Solar Edge Pros | https://www.wibw.com/prnewswire/2022/08/29/solar-edge-pros-explains-solar-tax-credit-homeowners/ | 2022-08-29T10:46:35Z | https://www.wibw.com/prnewswire/2022/08/29/solar-edge-pros-explains-solar-tax-credit-homeowners/ | true |
National Human Rights Commission asks Assam to submit report on custodial death of Nagaland man
E. Henveih Phom died in Sivasagar district’s Gelekey allegedly due to torture by the police on August 21.
:
The National Human Rights Commission (NHRC) has sought an action taken report from the police in eastern Assam’s Sivasagar district regarding the custodial death of a Naga tribal man on August 21.
The directive to the Superintendent of Police of the district followed a complaint lodged by Amal Kanti Chakma, a Delhi-based member of Indigenous Lawyers’ Association of India (ILAI) on August 25.
E. Henveih Phom, a 35-year-old resident of Anaki-C village in Nagaland’s Mokokchung district, was arrested along with a woman on August 16 by the Assam police while they were travelling to Gelekey in Sivasagar district.
According to the complainant, he died under suspicious circumstances five days after he was sent to judicial custody.
The members of the deceased’s family alleged that he was subjected to torture during police custody at the Gelekey police station, which led to his death. The family also claimed he was physically fit and sound at the time of his arrest.
Phom’s death triggered protests across Nagaland. The State’s lone Rajya Sabha member, S. Phangnon Konyak condemned his custodial death and demanded action against the guilty.
Both the district police and the Assam police headquarters in Guwahati chose not to comment on the incident.
The ILAI urged the NHRC to direct the Assam government to conduct a judicial inquiry into the custodial death under Section 176(1A) of the Code of Criminal Procedure, which prescribes mandatory judicial inquiries in cases of death, rape and disappearance in custody.
The ILAI also sought an order to the Assam government to submit a detailed report including the post-mortem report and CCTV footage of the police station, suspend all the accused personnel of the Gelekey police station, take appropriate legal action under relevant laws, including the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act against the police, and provide interim compensation of ₹10 lakh to the next of kin of the deceased.
The NHRC asked the Sivasagar district police to submit its action taken report in four weeks from August 26.
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- Please use a genuine email ID and provide your name, to avoid rejection. | https://www.thehindu.com/news/national/other-states/national-human-rights-commission-asks-assam-to-submit-report-on-custodial-death-of-nagaland-man/article65825721.ece | 2022-08-29T10:48:02Z | https://www.thehindu.com/news/national/other-states/national-human-rights-commission-asks-assam-to-submit-report-on-custodial-death-of-nagaland-man/article65825721.ece | false |
NEW YORK, Aug. 29, 2022 /PRNewswire/ -- Attention Missfresh Limited ("Missfresh") (NASDAQ: MF) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of persons who purchased or otherwise acquired Missfresh securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Missfresh's June 2021 initial public offering.
If you suffered a loss on your investment in Missfresh, contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: The class action against Missfresh includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) Missfresh provided false financial figures in its registration statement and related prospectus issued in connection with the Company's June 2021 initial public offering; (2) Missfresh would need to amend its financial figures; (3) Missfresh, among other things, had lesser net revenues for the quarter ended March 31, 2021; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times and negligently prepared.
DEADLINE: September 12, 2022
Aggrieved Missfresh investors only have until September 12, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.wlbt.com/prnewswire/2022/08/29/class-action-alert-law-offices-vincent-wong-remind-missfresh-investors-lead-plaintiff-deadline-september-12-2022/ | 2022-08-29T10:48:01Z | https://www.wlbt.com/prnewswire/2022/08/29/class-action-alert-law-offices-vincent-wong-remind-missfresh-investors-lead-plaintiff-deadline-september-12-2022/ | true |
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BARCELONA, Spain (AP) — A group of masked men broke into the house of Barcelona forward Pierre-Emerick Aubameyang and attacked and robbed him early Monday, the club said.
Barcelona confirmed the incident and said the player and his wife were doing well.
Authorities told the Spanish daily El País that Aubameyang was hit and forced to open a safe where the couple kept jewelry. The attackers allegedly threatened him and his wife with guns and iron bars.
Authorities said at least four men entered the player's home and then escaped in a car.
The 33-year-old Aubameyang, a Gabon international, signed with Barcelona in the beginning of the year after long stints with Borussia Dortmund in the Bundesliga and Arsenal in the Premier League.
Aubameyang did not play in Barcelona's 4-0 win over Valladolid in the Spanish league on Sunday evening. He is among the players expected to be sold to another team so the club can clear salary cap space.
Two weeks ago, new Barcelona signing Robert Lewandowski had a watch snatched from his arm as he arrived for practice at the club's training center.
It is not uncommon for soccer players' houses to be robbed in Spain, though the crimes usually happen when the athletes and their families are away during matches. Among the reported victims in the past were Casemiro, Álvaro Morata, Gerard Piqué, Samuel Umtiti, Jordi Alba and former Real Madrid coach Zinedine Zidane.
Spanish police a few years ago dismantled a gang that had been robbing players' houses during games.
___
More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports | https://www.ourmidland.com/sports/article/Barcelona-forward-Aubameyang-attacked-by-robbers-17404390.php | 2022-08-29T10:48:13Z | https://www.ourmidland.com/sports/article/Barcelona-forward-Aubameyang-attacked-by-robbers-17404390.php | false |
DENVER, Aug. 29, 2022 /PRNewswire/ -- Revelstoke Capital Partners ("Revelstoke"), a Denver-based private equity firm focused on investing in healthcare services companies, today announced it has acquired Monte Nido & Affiliates ("Monte Nido" or the "Company"), an eating disorder treatment provider serving patients across the full continuum of care.
Monte Nido is a leading eating disorder treatment provider with five brands and over 45 facilities across 15 states. The Company's vertically integrated treatment model, with care delivered in inpatient, residential, partial hospitalization, and intensive outpatient settings, provides its patients with comprehensive services across the full continuum of care. Since its founding in 1996, Monte Nido has a reputation for delivering high-quality clinical outcomes, a testament to its staff and individualized approach to eating disorder treatment.
"We are excited to partner with Monte Nido, a high-impact organization that treats individuals suffering from eating disorders. The increase in demand for eating disorder services continues to accelerate along with our nation's overall mental healthcare needs. By providing the necessary capital, resources, and expertise, Revelstoke will help accelerate the Company's mission of providing high-quality eating disorder treatments to communities across the nation," said Andrew Welch, Partner at Revelstoke.
Incidence and prevalence of eating disorders have grown significantly alongside other mental health issues due to the disruptions, isolation and stressors related to the COVID-19 pandemic. Monte Nido primarily treats adolescent females, who are disproportionately impacted by eating disorders that often coincide with other mental health, physical and social issues. Although there have been great strides to increase awareness and de-stigmatize eating disorders, access to quality care remains a challenge. Demand for eating disorder treatment exceeds supply, leaving patients and their families scrambling to get help when they need it most.
"We look forward to partnering with the Revelstoke team, who has significant experience in behavioral health, as we enter the next phase of growth at Monte Nido. The financial and operational resources from this new partnership will be used to further support our rapid growth by facilitating acquisitions and the development of new facilities. We look forward to working together to deliver high quality eating disorder services to even more patients," said Candy Henderson, MS, CEO of Monte Nido.
Michael Constantinides, Principal at Revelstoke, said, "Our investment in Monte Nido reflects Revelstoke's continued focus on partnering with industry-leading behavioral healthcare businesses to increase access and improve patient outcomes. Monte Nido's commitment to providing high-quality care has made it a partner of choice for referral sources and payors, and we see strong opportunities to expand their successful treatment model to new regions."
Raymond James acted as financial advisor and McDermott Will & Emery LLP acted as legal counsel to Revelstoke. Harris Williams served as financial advisor to Monte Nido. Terms of the transaction were not disclosed.
About Revelstoke
Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies in the healthcare services and healthcare technology sectors. Revelstoke partners with entrepreneurs and management teams to execute on a disciplined organic and acquisition growth strategy as it strives to build exceptional companies. Revelstoke is based in Denver, Colorado and has approximately $4.8 billion of assets under management. Since the firm's inception in 2013, Revelstoke has completed 165 acquisitions, which includes 25 platform companies and 140 add-on acquisitions. For more information, visit www.revelstokecapital.com.
About Monte Nido & Affiliates
Founded in 1996, Monte Nido is a pure-play eating disorder treatment provider with five brands and over 45 facilities across 15 states. The Company's vertically integrated treatment model and comprehensive suite of service offerings address the full continuum of care, from inpatient to outpatient, primarily treating females between the ages of 14 and 28. Since its founding, Monte Nido has grown into one of the largest eating disorder platforms nationwide. To learn more about Monte Nido & Affiliates, please visit the Company's website at www.montenido.com.
Revelstoke Capital Partners
Lambert & Co.
Jennifer Hurson
845-507-0571
jhurson@lambert.com
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SOURCE Revelstoke Capital Partners | https://www.wagmtv.com/prnewswire/2022/08/29/revelstoke-capital-partners-acquires-monte-nido-amp-affiliates-leading-provider-eating-disorder-treatment-services/ | 2022-08-29T10:49:49Z | https://www.wagmtv.com/prnewswire/2022/08/29/revelstoke-capital-partners-acquires-monte-nido-amp-affiliates-leading-provider-eating-disorder-treatment-services/ | false |
Celebrating its 10th Anniversary, Tintri Introduces 10 Unique Features Delivering AI-Driven Autonomous Data Services and Ease-of-Use in Hybrid Cloud Ecosystems
SAN FRANCISCO, Aug. 29, 2022 /PRNewswire/ -- (VMWare Explore Booth #1604) -- Tintri®, a DDN® subsidiary and the leading provider of auto adaptive, workload intelligent platforms, is celebrating its 10th anniversary of product availability with the "neXt" evolution of Tintri's VMstore® series. Expanding on its purpose-built, auto adaptive VMstore platform, Tintri's new Virtual Series incorporates 10 unique features that comprise the company's Platform as a Service (PaaS) approach. The Virtual Series offers autonomous QOS, predictive analytics, distributed data services, and ease-of-use in a robust and efficient virtual data workload management platform for hybrid cloud ecosystems.
As businesses continue to adapt to the massive influx of data and mobile workforces, there is a critical need to implement a more flexible and interconnected IT ecosystem to manage the size and complexity of applications. IT departments must not only manage code updates and new features for these applications, but also the underlying infrastructure which affects workflows while protecting data from being compromised due to ransomware and other impacts. Tintri has seen the movement toward containerization in hybrid IT environments and has adapted its intelligent analytics to enhance locality, security and predictive failure and recovery capabilities.
"We are in close collaboration with our customers and partners and understand the challenges they continue to face as data and application implementation becomes more distributed," said Phil Trickovic, SVP of Revenue, Tintri. "Because of our unique architecture meant specifically for virtual data sets, we are perfectly positioned to meet these new customer challenges and bring tremendous value by rapidly advancing the technology needed to address these new industry dynamics. By decoupling Tintri's AI-powered software from our hardware platform, VMstore customers can now deploy the efficient, transparent and easy-to-use data management platform they're accustomed to with Tintri."
Businesses have consistently turned to Tintri for ease of use, predictable performance and stable service. Customers rely on Tintri to help reduce overhead costs and resources required to manage IT operations, particularly when integrating a cloud strategy. Tintri enables customers to focus on strengthening business operations, leveraging the platform's intelligence to stay ahead of the curve. Tintri VMstore is purpose-built for virtualized workloads and is now taking this same approach to develop the virtual version of VMstore technology, opening the door to new levels of infrastructure efficiency in hybrid cloud ecosystems.
Tintri Virtual Series Features
Tintri's neXt data management platform will consist of a new Virtual Series solution that enables 10 technology features to lower cost and complexity and gain backup and disaster recovery efficiencies, with the option to deploy and transfer within both on-prem and cloud environments.
- Tintri's One Stop Hybrid Cloud Shop
- Reduce Expense and Complexity of Data Protection
- Simplified Hybrid Cloud Workload Management
- Enhanced Security and Visibility
- Container Data Services for Cloud Native Applications
"The new Virtual Series platform and the 10 neXt feature additions were designed to address the shift we have seen in the IT market over the last 3-5 years," said Brock Mowry, Tintri's CTO. "Because of VMstore's unique ability to see and manage virtual workloads, these neXt features give users a complete view into their hybrid cloud needs. Both performance and data protection tie back to Tintri's Analytics platform allowing users to design the infrastructure, both cloud and on-prem to best serve the organization's entire application needs."
Tintri Virtual Series Availability & Beta Program
The 10 Virtual Series features will roll out over the next 15 months. Tintri Data Security Services and Tanzu Integration are both available today to existing VMstore customers. For more information, contact a Tintri sales representative or visit https://tintri.com/company/talk-to-an-expert/.
Tintri will also launch several beta programs as Tintri rolls out its neXt generation platform. For new and existing customers interested in participating, please email beta@tintri.com for more information.
About Tintri
Tintri, a wholly owned subsidiary of DataDirect Networks (DDN), delivers purpose-built solutions to store and manage virtual machines in enterprise data centers. Thousands of customers have saved countless administrative hours using Tintri's innovative technologies. Explore the Tintri portfolio of solutions at https://www.tintri.com.
Contact:
Walt & Company, on behalf of Tintri
Sharon Sumrit, 408.369.7200 x2981
tintri@walt.com
©2022 All rights reserved. DDN and Tintri are trademarks or registered trademarks owned by DataDirect Networks. All other trademarks are the property of their respective owners.
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SOURCE Tintri by DDN | https://www.kait8.com/prnewswire/2022/08/29/next-evolution-tintri-vmstore-breaks-out-data-center-into-cloud/ | 2022-08-29T10:51:38Z | https://www.kait8.com/prnewswire/2022/08/29/next-evolution-tintri-vmstore-breaks-out-data-center-into-cloud/ | true |
Mukesh Ambani says daughter Isha is leader of Reliance retail business
At Reliance Industries Ltd.’s 45th annual shareholders meeting, Mukesh Ambani introduces Isha Ambani Piramal as leader of retail business
MumbaiADVERTISEMENT
Billionaire Mukesh Ambani on August 29 introduced daughter Isha as leader of his conglomerate’s retail business as he details succession planning at India’s most valuable firm.
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Mr. Ambani had previously named son Akash as chairman of the group’s telecom arm, Reliance Jio.
At Reliance Industries Ltd.’s 45th annual shareholders meeting, Mr. Ambani introduced Ms. Isha as leader of retail business as he invited her to speak on integrating WhatsApp with the retail business.
Also read: Reliance Jio to invest ₹2 lakh crore in 5G; rollout in metros by Diwali
Ms. Isha, 30, gave a presentation on placing online grocery orders using WhatsApp and making payments.
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Mr. Ambani, 65, has three children — twins Mr. Akash and Ms. Isha and youngest son Anant.
Ms. Isha is married to Anand Piramal, son of Piramal Group’s Ajay and Swati Piramal.
Reliance has three broad businesses — oil refining and petrochemicals, retail and digital services that include telecom.
While retail and digital services are housed in separate wholly-owned subsidiaries, the oil-to-chemical or O2C business is a functional division of Reliance. The new energy business is also with the parent firm.
Mr. Anant, 26, may get to helm the O2C and new energy business of the conglomerate.
ADVERTISEMENT | https://www.thehindu.com/business/Industry/mukesh-ambani-says-daughter-isha-is-leader-of-reliance-retail-business/article65825799.ece/amp/ | 2022-08-29T10:56:25Z | https://www.thehindu.com/business/Industry/mukesh-ambani-says-daughter-isha-is-leader-of-reliance-retail-business/article65825799.ece/amp/ | false |
TEHRAN, Iran (AP) — Iran’s president warned Monday that any roadmap to restore Tehran’s tattered nuclear deal with world powers must see international inspectors end their probe on man-made uranium particles found at undeclared sites in the country.
In a rare news conference marking his first year in office, President Ebrahim Raisi also issued threats against Israel and tried to sound upbeat as Iran’s economy and rial currency has cratered under the weight of international sanctions.
Despite the international attention on the deal as talks in Vienna hang in the balance, it took Raisi well over an hour before fully acknowledging the ongoing negotiations. Tehran and Washington have traded written responses in recent weeks on the finer points of the roadmap, which would see sanctions lifted against Iran in exchange for it restricting its rapidly advancing nuclear program.
The International Atomic Energy Agency for years has sought for Iran to answer questions about man-made uranium particles found at undeclared sites. U.S. intelligence agencies, Western nations and the IAEA have said Iran ran an organized nuclear weapons program until 2003. Iran long has denied ever seeking nuclear weapons.
As a member of the Nuclear Nonproliferation Treaty, Iran is obligated to explain the radioactive traces and to provide assurances that they are not being used as part of a nuclear weapons program. Iran found itself criticized by the IAEA’s Board of Governors in June over its failure to answer questions about the sites to the inspectors’ satisfaction.
Raisi mentioned the traces — referring to its as a “safeguards” issue using the IAEA’s language.
“Without settlement of safeguard issues, speaking about an agreement has no meaning,” Raisi said.
Under the 2015 nuclear deal, Tehran could enrich uranium to 3.67%, while maintaining a stockpile of uranium of 300 kilograms (660 pounds) under constant scrutiny of IAEA surveillance cameras and inspectors. Then-President Donald Trump unilaterally withdrew America from the accord in 2018, setting the stage for years of rising tensions.
As of the last public IAEA count, Iran has a stockpile of some 3,800 kilograms (8,370 pounds) of enriched uranium. More worrying for nonprofileration experts, Iran now enriches uranium up to 60% purity — a level it never reached before that is a short, technical step away from 90%. Those experts warn Iran has enough 60%-enriched uranium to reprocess into fuel for at least one nuclear bomb.
Amid the tensions, Israel is suspected in carrying out a series of attacks targeting Iranian nuclear sites, as well as a prominent scientist. On Monday, Raisi directly threatened Israel.
Raisi said if Israel decides to carry out its threats to destroy Iran’s nuclear program, “they will see if anything from the Zionist regime will remain or not.”
At his first news conference, Raisi famously simply said “no” when asked if he would meet with President Joe Biden. Asked again Monday as the U.N. General Assembly looms next month, Raisi stuck to his earlier answer.
“There is no benefit for a meeting between us and him,” the president said. “Neither for the Iranian nation nor for the interests of our great nation.”
___
Gambrell reported from Dubai, United Arab Emirates. | https://www.wspa.com/news/world-news/ap-international/ap-iran-president-no-way-back-to-nuclear-deal-if-probe-goes-on/ | 2022-08-29T10:59:40Z | https://www.wspa.com/news/world-news/ap-international/ap-iran-president-no-way-back-to-nuclear-deal-if-probe-goes-on/ | true |
Ed Sheeran surprises fans with an impromptu appearance at an LGBTQ+ club in Warsaw as he enjoys a boozy night out after performing in the Polish capital
Ed Sheeran delighted fans on Friday when he made an impromptu appearance at a LGBTQ+ club in the Polish capital Warsaw.
After performing two concerts at the city’s National Stadium on Friday, the singer, 31, headed to the La Pose club where he let his hair down, drinking beer and tequila with fans and dancing and smoking cigarettes.
The Shape of You hitmaker cut a casual figure in a white T-shirt which showed off his inked skin, teamed with black shorts and trainers.
Surprised: Ed Sheeran delighted fans on Friday when he made an impromptu appearance at a LGBTQ+ club in the Polish capital Warsaw
Video from the night show Ed wearing a baseball cap while bopping along to Kate Perry’s Teenage Dream.
Other clips show him dancing and chatting to club-goers, as well as taking selfie's with fans.
The club’s owners told local portal Plejda: ‘It was a spontaneous decision by Ed. We know from our information that he is a supporter of LGBT+ people in the world.
‘He had a great time, he felt at ease, without much pressure from the fans. He is an exceptionally positive person who loves people.
Work: After performing two concerts at the city’s National Stadium on Friday, the singer, 31, headed to the La Pose club
Night out: Ed let his hair down, drinking beer and tequila with fans while dancing and smoking cigarettes
Fun: Video from the night show Ed wearing a baseball cap while bopping along to Kate Perry’s Teenage Dream
Fans: Other clips show him dancing and chatting to club-goers, as well as taking selfie's with fans
They added: ‘We decided not to play his hits.’
In addition to requesting chart songs from the DJ, he also paid for his own pints and shots.
They said: ‘Ed was very happy that we have his beloved Patron tequila and he was ordering it. Although we wanted to host him very much, he paid for all the orders himself.’
Low-key: The Shape of You hitmaker cut a casual figure in a white T-shirt which showed off his inked skin, teamed with black shorts and trainers
Casual: He later added a pair of stylish black sunglasses to his look
The club’s owners told local portal Plejda: ‘It was a spontaneous decision by Ed. We know from our information that he is a supporter of LGBT+ people in the world'
They added: ‘He had a great time, he felt at ease, without much pressure from the fans. He is an exceptionally positive person who loves people.'
Outing: In addition to requesting chart songs from the DJ, he also paid for his own pints and shots
Ed then flew back to the UK, leaving fans gobsmacked as he joined Bring Me The Horizon on stage at Reading Festival on Saturday.
The star appeared on stage during the rock band's headlining set to perform their remix of Ed's popular hit Bad Habits.
Bring Me The Horizon returned the favour by bringing out the Perfect hitmaker after he recently invited the band to join him on stage at the Brit Awards earlier this year.
Earlier on Saturday, Ed was seen being mobbed by fans as he was pictured at Warsaw airport on Saturday morning after performing in the Polish city.
Wow! Ed left fans gobsmacked as he joined Bring Me The Horizon on stage at Reading Festival on Saturday | https://www.dailymail.co.uk/tvshowbiz/article-11156401/Ed-Sheeran-surprises-fans-impromptu-appearance-LGBTQ-club-Warsaw.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-29T11:01:56Z | https://www.dailymail.co.uk/tvshowbiz/article-11156401/Ed-Sheeran-surprises-fans-impromptu-appearance-LGBTQ-club-Warsaw.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
CHANHASSEN, Minn., Aug. 29, 2022 /PRNewswire/ -- Life Time® Group Holdings, Inc. ("Life Time," "we," "our," or the "Company") (NYSE: LTH) today announced that President and Chief Financial Officer, Thomas (Tom) Bergmann, has decided to retire from the Company on December 31, 2022. In conjunction with Bergmann's retirement, the Company also announced that Robert (Bob) Houghton has been named Executive Vice President and Chief Financial Officer effective August 28, 2022. Bergmann relinquished his Chief Financial Officer role concurrent with Houghton's election and will remain President to support the transition through the end of 2022.
Bergmann joined Life Time in February 2016 as President and Chief Financial Officer. His operational and financial leadership has played a central role in the Company's continued expansion and growth, positioning Life Time well for the future. In addition to building a strong finance team, he also led significant equity and debt transactions for the Company, including minority equity investments, multiple debt capital market transactions and the October 2021 initial public offering.
Houghton brings to Life Time broad experience in finance, extensive financial planning and analysis (FP&A) skills and senior leadership experience, having served as Senior Vice President – Finance at United Natural Foods, Inc. (UNFI), a North American distributor of natural and conventional grocery and non-food products, since May 2020. While at UNFI, Houghton led the strategy, development and execution of enterprise-wide FP&A, investor relations, financial systems, finance integration and business continuity programs. Prior to that, he served as Vice President – Corporate Finance and Treasurer and Vice President – Investor Relations for C.H. Robinson, a global third-party logistics company, from 2018 to April 2020. Houghton also held finance leadership roles with Sherwin-Williams, Valspar, General Mills and International Paper Company between 1993 and 2018.
Commenting on Bergmann's retirement from Life Time and Houghton joining the Company, Life Time Founder, Chairman and Chief Executive Officer, Bahram Akradi, said, "I want to thank Tom for his tremendous leadership and contributions as a member of our executive leadership team. I'm very grateful for his partnership, particularly as we returned to the public market last year and navigated our way through the significant impact of the pandemic. I'm also pleased to welcome Bob to our executive leadership team. With his proven track record in financial leadership and FP&A expertise, I look forward to the impact he will have in guiding our finance functions as we continue to build our highly coveted healthy way of life company and brand with unwavering commitment to serve members and shareholders."
About Life Time®
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of nearly 160 athletic country clubs across the United States and Canada. The Company's healthy way of life communities address all aspects of healthy living, healthy aging and healthy entertainment for those 90 days to 90+ years with integrity and respect for everyone. With a team of more than 30,000, Life Time is committed to providing the best programs and experiences through its athletic country clubs, iconic athletic events and via a complementary, comprehensive digital platform.
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SOURCE Life Time Group Holdings, Inc. | https://www.kalb.com/prnewswire/2022/08/29/life-time-president-cfo-tom-bergmann-retire-company-december-31-2022-company-also-named-robert-houghton-executive-vice-president-cfo-effective-august-28-2022-bergmann-remain-president-assist-with-transition-through-end-year/ | 2022-08-29T11:03:38Z | https://www.kalb.com/prnewswire/2022/08/29/life-time-president-cfo-tom-bergmann-retire-company-december-31-2022-company-also-named-robert-houghton-executive-vice-president-cfo-effective-august-28-2022-bergmann-remain-president-assist-with-transition-through-end-year/ | true |
MEXICO CITY (AP) — Under a white tent on the street outside Our Lady of the Angels on a recent Sunday, the Rev. Adrián Vázquez led parishioners seated in pews and plastic chairs in celebrating 10 o’clock Mass, flanked by piles of rubble from the sanctuary left there by a deadly earthquake nearly five years ago.
To the left stood the still-broken church, with deep cracks in the walls, its half-collapsed dome supported by scaffolding and a leaning column. Behind the priest was a wax painting of the Virgin Mary, a replica of the one on the wall inside the building and all but out of sight for the faithful.
But Vázquez’s excitement was so great that it couldn’t even be hidden by his pandemic facemask as he delivered the good news: Just weeks before the anniversary of the Sept. 19, 2017, quake, work was finally resuming on restoration of the Catholic temple, which houses the treasured Virgin considered miraculous for having survived floods and earthquakes.
He exhorted parishioners to support the church as the restoration progresses, saying, “The wait is not passive, and the temple is not going to be rebuilt on its own or only with the help of the government. How can we all help?”
Set in the working-class residential neighborhood of Guerrero and carrying one of Mary’s titles, Our Lady of the Angels has a history dating to the late 16th century.
In 1580 a painting of the Assumption of the Virgin arrived in the area floating on floodwaters and ended up in the mud on the property of an Indigenous cacique, or chief, known as Izayoque, according to a book about the church written by the Rev. José Berruecos about a century ago. The artwork depicts the Catholic belief that Mary, mother of Jesus, ascended into heaven, body and soul.
“In the midst of the floods, with all the evil they caused,” Berruecos wrote, “against that background of darkness and desolation, the image of Our Lady of the Angels appears in full light as a rainbow in the midst of the storm.”
Izayoque was so taken by the image on the badly damaged canvas that he had a chapel built in the Virgin’s honor with the painting reproduced on an adobe wall. The current sanctuary was finished some 200 years later, with the Virgin still gracing the oratory.
According to the National Institute of Anthropology and History, or INAH, Our Lady of the Angels is the second most important church in Mexico City after the internationally revered Basilica of Guadalupe, which is home to its own holy image of the Virgin and draws millions of pilgrims each year.
In an interview, parishioner María González’s voice cracked as she recalled the Sunday in 2017 when the dome caved in. As her cellphone lit up with text messages about the collapse, she and other neighbors rushed to the site to meet the Rev. Cirilo Colín, who at the time led the parish.
“It made a tremendous noise, like an explosion,” González said. “When we saw the dome, we all started to cry. … It was a miracle that no one died.”
The church had been damaged five days earlier by the quake, which killed about 360 people, collapsed dozens of buildings and left many more damaged and destined for demolition.
INAH, which is funding and carrying out the restoration project, began work on Our Lady of the Angels in September 2019. Phase one involved stabilizing the structure with steel supports to prevent further loss, and covering the collapsed dome to keep out rainwater.
That ended in December 2020, and since then it has been a long wait for phase two, which began Aug. 8. At this stage INAH is focusing on restoring a chamber behind the main altar that holds religious and historic artifacts, with the goal of protecting them and also rehabilitating a space that will be used to support the bigger restoration of the nave.
Antonio Mondragón, the project’s lead architect, said phase two is expected to end in December.
For now the image of the Virgin is hidden behind scaffolding, boxed off in a protective framework and covered by glass and wood panels that open and close like a book.
Only a handful of people get to see the Virgin up close, and sporadically so: Sometimes those who help the priest with services and daily chores place flowers before her, or he lets small groups in for a few minutes to look upon the image and pray.
The Virgin returns their gaze with a peaceful expression, draped in a blue cloak in front of a gold background, hands joined together in front of her chest.
Given the fragility of the adobe walls, she is unable to be moved, meaning her destiny is tied to that of the building.
“If we lose the parish,” Vázquez said, “we lose the Virgin.”
Vázquez was assigned to replace Colín in late 2019 and tasked with leading what he called a “comprehensive recovery” of the parish, both physically and as a spiritual community — since the building was damaged, many parishioners began attending other churches.
The 38-year-old priest is constantly urging his flock to invite others to the congregation, working to improve its social media presence and streaming Mass services via cellphone. He has also spent part of his own savings to pay for repairs to electrical wiring, touching up walls and other details.
While there’s still no fixed end date for the restoration, Vázquez said the church is already showing signs of rebirth: On Aug. 2, the feast day of Our Lady of the Angels, at least 900 people packed the celebrations on the street outside.
Parishioners are pitching in, too.
Rosa María Ordoñez, 76, who first attended as a child with her grandmother, is selling clothes and other donated goods to raise money for the church. Other parishioners are teaching catechism or doing chores like cleaning.
María Elena Corona, 85, also helps out however she can. Recently she wrote and illustrated signs explaining the Virgin’s history for display outside the church.
Corona, who first set foot in the sanctuary half a century ago, has moved several times since but always found herself drawn to return — including in 1985, when she moved back from the United States after an even more devastating quake that killed tens of thousands of people and first put cracks in the church’s walls. She settled in a nearby neighborhood and resumed attending Mass at Our Lady of the Angels.
The Virgin “does not let me go,” Corona said.
As the recent street Mass came to an end, Vázquez asked the faithful to turn to their left. That meant they were facing the Virgin’s perch inside the shattered temple, even if they couldn’t see her holy visage.
“Let us sing,” the priest beseeched them, “for the Virgin.”
___
Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. | https://www.cenlanow.com/international/ap-international/ap-quake-hit-mexico-church-with-iconic-virgin-image-gets-rehab/ | 2022-08-29T11:05:56Z | https://www.cenlanow.com/international/ap-international/ap-quake-hit-mexico-church-with-iconic-virgin-image-gets-rehab/ | false |
Three-time CMO and category designer brings extensive go-to-market experience
to Lookout to accelerate global growth
SAN FRANCISCO, Aug. 29, 2022 /PRNewswire/ -- Lookout, Inc., a leading provider of data-centric endpoint and cloud security solutions, today announced the appointment of marketing executive Deborah Wolf as its new chief marketing officer (CMO). Wolf will lead the global go-to-market functions for Lookout including revenue marketing, integrated campaigns, digital marketing, field and event marketing, product marketing, corporate communications and marketing operations, as well as its team of business development representatives. Wolf's hire comes at a pivotal time for the Company as it accelerates its commitment to design and deliver digital security solutions for the intersection of enterprise and personal data.
Lookout's strong momentum continues after seeing a 56% year-over-year growth in its enterprise annual recurring revenue (ARR) for FY 2022 ending January 31, 2022, while also substantially increasing its customer count. Demand for the Lookout Security Service Edge (SSE) solution is contributing to its growth as organizations seek a platform approach to securing access to cloud apps, private apps, and the global web.
Wolf brings more than 30 years of marketing and brand experience to Lookout. She most recently served as CMO at Integrate, a leading B2B marketing technology firm, where she was responsible for designing and delivering the category of Precision Demand Marketing. Prior to Integrate, Wolf was the first CMO at BetterUp, a virtual coaching platform, where she helped shape the growth and direction of the company. She also previously served as CMO at Lookout from 2015 to 2018, where she led the organization through a successful transition from a consumer-focused company into one supporting the enterprise. Earlier in her career, Wolf served as vice president of corporate marketing at Workday where she led the marketing efforts from its earliest stage through its successful public offering.
"I am pleased to welcome Deb back to Lookout, particularly at this juncture of the Company's journey — she is one of those rare marketing executives who brings extensive business leadership, marketing acumen, and data-driven insights to any role she takes on," said Jim Dolce, Lookout CEO. "This is a unique time for Lookout, and I look forward to working with her, along with our entire executive leadership team, as we continue to scale and manage the Company through this next phase of growth."
"The relationship between work and life has become irreversibly blurred, and with that so has our data as digital information moves without boundaries or limits. A corporate data breach one moment can disrupt an individual's life the next and Lookout is at the forefront of addressing this monumental problem," said Wolf. "What an incredible time to be joining the Company that's delivering solutions that protect an individual or organizations' data wherever and however it moves."
About Lookout
Lookout is a leading provider of endpoint and cloud security solutions. Our mission is to secure and empower our digital future in a privacy-focused world where mobility and cloud are essential to all we do for work and play. We enable consumers and employees to protect their data, and to securely stay connected without violating their privacy and trust. Lookout is trusted by millions of consumers, the largest enterprises and government agencies, and partners such as AT&T, Verizon, VMware, Vodafone, Microsoft, Google, and Apple. Headquartered in San Francisco, Lookout has offices in Amsterdam, Boston, London, Sydney, Tokyo, Toronto, and Washington, D.C. To learn more, visit www.lookout.com and follow Lookout on its blog, LinkedIn and Twitter.
Contact Lookout PR: press@lookout.com
© 2022 Lookout, Inc. LOOKOUT®, the Lookout Shield Design®, LOOKOUT with Shield Design®, SCREAM®, and SIGNAL FLARE® are registered trademarks of Lookout, Inc. in the United States and other countries. EVERYTHING IS OK®, LOOKOUT MOBILE SECURITY® and POWERED BY LOOKOUT® are registered trademarks of Lookout, Inc. in the United States; and POST PERIMETER SECURITY ALLIANCE™ is a trademark of Lookout, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.
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SOURCE Lookout | https://www.kwch.com/prnewswire/2022/08/29/lookout-appoints-deborah-wolf-chief-marketing-officer/ | 2022-08-29T11:07:50Z | https://www.kwch.com/prnewswire/2022/08/29/lookout-appoints-deborah-wolf-chief-marketing-officer/ | true |
2022 Spokesperson Jasmine Tookes and Nearly 100 Celebrities Unite with Animal-Lovers and Rescue Facilities to Champion Homeless Pets
RANCHO SANTA FE, Calif., Aug. 29, 2022 /PRNewswire/ -- In just over three weeks, Helen Woodward Animal Center will once again unite with animal welfare proponents and organizations worldwide for the 10th Annual Remember Me Thursday® (RMT). Honored on the fourth Thursday of September, the campaign asks pet lovers and animal rescue groups to create an unstoppable, integrated voice for homeless pets. Candle-lighting ceremonies and a global avalanche of social media buzz will shine a light on the millions of orphan animals still awaiting adoption and encourage communities to opt to adopt and reduce the over one million homeless pets euthanized each year. As in previous years, some very big names are stepping forward to lend their support to the cause including Jasmine Tookes, who has been named the 2022 Official Spokesperson for the campaign. Helen Woodward Animal Center encourages the world to join with these philanthropic celebrities and to be a part of this very special day, Thursday, September 22, 2022.
As the campaign's 2022 Official Spokesperson, Jasmine Tookes is an American fashion model and businesswoman. Aside from her professional career, Jasmine is a passionate animal lover and advocate. She grew up surrounded by animals including cats, rats & turtles just to name a few! In 2016, Jasmine joined forces with best friend and fellow model, Josephine to create JOJA - a community where the two share their workouts, health routines, and active lifestyles and just recently this year began selling their own line of activewear under the same name.
Regarding her love of animals and the special day, Tookes stated: "Pet adoption is something that is near and dear to my heart, but a lot of people may not have the knowledge or information on pet adoption. Remember Me Thursday provides the perfect opportunity to learn and hopefully change people's minds who were once never open to the idea of adoption."
Tookes leads an impressive list of celebrity supporters also aligning themselves with RMT. Notable personalities, professional athletes, pet behaviorists and social media pet stars have signed on as "luminaries," committing to share their thoughts on pet adoption in videos and via their social media accounts throughout the campaign. Nearly 100 influential luminaries have joined the cause. Past and present supporters include:
Notable Film, TV and Stage Personalities: Andie MacDowell, Ashley Bell, Bellamy Young, Bethenny Frankel (2019 Official Spokesperson), Beth Stern, Bo Derek, Bonnie-Jill Laflin, Brittany Aldean (2021 Official Spokesperson), Carrie Ann Inaba (2015 Official Spokesperson), Christian Siriano, David Tutera, Daymond John, Debbie Gibson, Diane Keaton, Elaine Hendrix, Eric Roberts, George Lopez, Jamie Little, Jasmine Tookes (2022 Official Spokesperson), Javicia Leslie, Jennie Garth (2020 Official Spokesperson), Katherine Heigl (2014 Official Spokesperson), Kathy Najimy, Kevin Frazier, Kristin Bauer, Kristin Chenoweth (2017 Official Spokesperson), Linda Blair, Lou Wegner, Mark Steines, Melissa Peterman, Pauley Perrette (2016 Official Spokesperson), Rick Springfield, Ross Mathews, Sandra Lee, Wil Wheaton, and Wynonna Judd (2018 Official Spokesperson).
Cartoonists: Greg Evans (creator of LUANN), and Patrick McDonnell (creator of MUTTS).
Professional Athletes: Anze Kopitar (Los Angeles Kings), Bryan Bickell (Chicago Blackhawks), David Backes (Anaheim Ducks), Evan Longoria (San Francisco Giants), Jake Muzzin (Los Angeles Kings), Jeff Carter (Los Angeles Kings), Joey Logano (NASCAR), Kevin Kiermaier (Tampa Bay Rays), Liam Hendriks (Oakland A's), Logan Ryan (Tennessee Titans), Marc Rzepczynski (World Series Champion), Mark Buehrle (World Series Champion), Rodney Peete, and Ryan Newman (NASCAR).
Animal Specialty Celebrities: Dr. Marty Becker, Gabriel Feitosa, Hannah Shaw, Jack Hanna, Jill Rappaport, Larissa Wohl, Megan Rose, Tamar Geller, Victoria Stilwell, and Wendy Diamond.
Animal Celebrities: Alien Cat Matilda, Baloo, Bamboo, Belarus the Cat, Best Boy Brodie, Boogie Shoes, Chewie, Chi Chi, Chloe, Choupette Lagerfeld, Cole and Marmalade, Cooper, Fugee, Josh, Justin Fire Survivor, Kitten Faces, Lil BUB, Louie, Memphis, Mimo and Kirry, Molly Happiness, Monty Boy, Mork, Mr. Bigglesworth, My Cat Kyle, My Dear Puddin, Nala Cat, Norbert, Paddington, Piglet, Purrminators, Sauerkraut Kitty, Smush, Spencer, Stevie, Sunglass Cat, Tango, Tuna, Venus, White Coffee Cat, and Worried Cat.
RMT was established in 2013 by Helen Woodward Animal Center President and CEO Mike Arms. Moved by the staggering statistic of over one million homeless pets who lose their lives each year in the U.S., Arms put out a call to rescue organizations in an attempt to create a global awareness campaign. As creator of the International Pet Adoptathon and the International Home 4 the Holidays® program (placing over 19 million pets in homes since 1999), he was able to send out an expansive request and the response was significant.
Now in its tenth year, RMT has been supported by 190 countries with hundreds of thousands of individuals and more than 1,000 separate animal welfare organizations around the globe holding candle-lighting ceremonies of their own, spreading the message on social media, or lighting a virtual candle. The enormous swell of celebrity support has resulted in the topic trending each year on both Facebook and Twitter, garnering more than 1 billion social media impressions since its start.
For the third year in a row, representatives from animal welfare organizations and campaign luminaries will unite on an international Zoom call to share the significance of RMT within their respective organizations and countries. This year speakers from Bulgaria, Estonia, Kazahkstan, New York, North Carolina, and Puerto Rico will share the state of animal welfare in their area and how they are commemorating the pet adoption awareness campaign. The virtual program will also include words from RMT founder and Center President and CEO Mike Arms, a reading of the official RMT poem and a heartfelt international candle lighting in remembrance of the millions of orphan pets still waiting in shelters for their own forever homes. The public is welcome to log on and watch the program which kicks off Thursday, Sept. 22 at 9:00 a.m. PST.
The one-of-a-kind international RMT Zoom call will be available online for the animal-loving public to watch. Those who wish to register to watch can click here. The public can also get involved by tweeting, tagging, posting and sharing the beauty and life-saving significance of pet adoption using the hashtag #RememberMeThursday and #SeeTheLight and @hwac.
Animal-lovers can also win life-saving funds, toys and food for adoptable pets looking for forever families at their favorite non-profit, pet adoption organization. To enter the Remember Me Thursday Social Media Contest, simply upload your rescue pet's photo and story to the #RememberMeThursday Photo Wall for a chance to win!* (*Restrictions apply. Final selection remains at the sole discretion of Helen Woodward Animal Center).
For more information on Remember Me Thursday® and a full list of participating celebrities and animal welfare organizations, go to www.remembermethursday.org.
Animal lovers and organizations across the globe unite on the fourth Thursday in September to light a candle in remembrance of the millions of homeless pets who lost their lives without the benefit of a loving home and to shine a light via social media on the millions of orphan pets still waiting for their forever homes. The Remember Me Thursday® global awareness campaign is championed by Mike Arms, President of Helen Woodward Animal Center, and creator of both the International Pet Adoptathon and successful Home 4 the Holidays program which, in partnership with national animal organizations, has placed over 19 million pets in homes since 1999. For more information, please visit www.remembermethursday.org or via hashtag #RememberMeThursday and #SeeTheLight on social media.
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SOURCE Helen Woodward Animal Center | https://www.wbrc.com/prnewswire/2022/08/29/star-power-ignites-global-pet-adoption-awareness-campaign-remember-me-thursday/ | 2022-08-29T11:11:10Z | https://www.wbrc.com/prnewswire/2022/08/29/star-power-ignites-global-pet-adoption-awareness-campaign-remember-me-thursday/ | false |
Dixie D'Amelio's lips are sealed. When ET's Rachel Smith spoke to the 21-year-old social media star at the 2022 MTV Video Music Awards on Sunday, Dixie wouldn't comment on if the Dancing With the Stars rumors swirling around her mom, Heidi D'Amelio, and sister, Charli D'Amelio, are true.
"I cannot confirm or deny this information," Dixie told ET, "mostly because I don’t know, actually."
Rumors about the dual D'Amelio castings began to circulate last week, with several outlets reporting that the mother-daughter duo would both be joining the show for its inaugural season on Disney+, and would be competing against each other over the course of the season.
While Dixie is staying mum about the DWTS reports, she was quick to shut down any speculation that there's any sibling rivalry between herself and Charli. "We're best friends and roommates," Dixie assured ET.
In fact, Dixie even played matchmaker for Charli and her boyfriend, Landon Barker.
"I might have put the idea out there," Dixie said, before expressing her love for her sister. "I just love that she’s happy. I just want her to be happy [in] whatever she does."
On Sunday, though, Dixie was the only D'Amelio in attendance at the VMAs, as she attended the event at New Jersey's Prudential Center with her friends, not her famous family.
"I’m having a great time. Friends are here, so I’m excited," she told ET. "[My family's] not [here]. It’s just me. I miss them. I hate not having them here."
RELATED CONTENT: | https://www.kvue.com/article/entertainment/entertainment-tonight/dixie-damelio-reacts-to-mom-and-charlis-dancing-with-the-stars-casting-rumors-exclusive/603-77f39b6b-463b-4cd1-b27e-dec58040d893 | 2022-08-29T11:11:27Z | https://www.kvue.com/article/entertainment/entertainment-tonight/dixie-damelio-reacts-to-mom-and-charlis-dancing-with-the-stars-casting-rumors-exclusive/603-77f39b6b-463b-4cd1-b27e-dec58040d893 | false |
S.Korea to raise concerns about EV credits, battery sourcing in U.S. visit
By Heekyong Yang and Joyce Lee
SEOUL, Aug 29 (Reuters) - South Korean officials will meet U.S. counterparts this week to express "concerns" about the Inflation Reduction Act, which restricts who can receive U.S. subsidies for the production of electric vehicles and where firms can source battery materials.
President Joe Biden signed into law this month a $430 billion bill, seen as the biggest climate package in U.S. history.
The law requires that EVs be assembled in North America to qualify for tax credits, ending subsidies for several EV models, and that a percentage of critical minerals used in batteries come from the United States or an American free-trade partner.
Automakers like Hyundai Motor face short-term competitive disadvantage to manufacturers of EVs that receive tax credits in the United States, while industry sources said Korean battery makers must make changes to mineral sourcing routes, which could affect cost adversely.
South Korean officials are expected to tell counterparts from the U.S. Trade Representative's office and the U.S. Treasury that the new law may violate trade norms such as the U.S.-South Korea free trade agreement and the WTO agreement, the industry ministry said.
Korean automakers will consider adjusting production plans to prioritise the construction of U.S. plants for example, the ministry said, while battery makers will seek to diversify where they source minerals from.
Under new rules to kick in next year, at least 40% of the monetary value of the critical minerals in batteries will need to come from the United States or an American free-trade partner, with that proportion rising to 80% by 2027.
Globally, the treatment of some 58% of lithium, 64% of cobalt and 70% of graphite goes through China, according to ministry data.
FALLOUT
The new rules are a major complication for battery makers LG Energy Solution (LGES), SK On and Samsung SDI , battery industry sources said.
South Korea's LGES supplies Tesla and General Motors, while SK On and Samsung SDI supply Ford Motor and Volkswagen among others. The three battery makers together command more than a quarter of the global EV battery market, according to SNE Research.
"It's become a huge headache.... Automaker clients said they didn't expect this new law would take effect this soon," said a South Korean battery industry source.
A second South Korean battery industry source said the government needed to ask for the United States to delay the battery sourcing rule as it was going to take a long time to verify where all the components and minerals came from, let alone make any changes to sourcing.
"We don't have many options other than asking the United States to alleviate the battery component and mineral rules and to delay the actual implementation," said the second source.
The sources declined to be identified as they were not authorised to speak to the media.
LGES, SK On and Samsung SDI declined to comment on whether they expect to meet the requirements by next year.
For automakers, analysts said the changes to EV subsidies would have a limited financial impact because Hyundai and Kia's U.S. EV sales make up a small percentage of their overall U.S. car sales.
Still it represented a set-back, they said.
"Hyundai is at a disadvantage in the short-term compared to automakers whose EVs receive credits, as electrification of the U.S. auto market accelerates," said Meritz Securities analyst Kim Jun-sung.
A Hyundai Motor spokesperson was not immediately available to comment. (Reporting by Heekyong Yang and Joyce Lee; Editing by Ana Nicolaci da Costa) | https://www.dailymail.co.uk/wires/reuters/article-11156439/S-Korea-raise-concerns-EV-credits-battery-sourcing-U-S-visit.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-29T11:12:53Z | https://www.dailymail.co.uk/wires/reuters/article-11156439/S-Korea-raise-concerns-EV-credits-battery-sourcing-U-S-visit.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
Tech giant Apple may use `Reality` in the name and branding of its long-rumoured mixed reality headset, according to trademark applications.
Three different filings show trademarks for the terms `Reality One`, `Reality Pro`, and `Reality Processor`, which correspond to the name realityOS that surfaced in Apple`s code and a trademark application that perhaps alludes to the operating system for the headset, citing Bloomberg, The Verge reported.
The applications were submitted by a business called Immersive Health Solutions, LLC, not by Apple. To help keep their plans secret, firms like Apple frequently utilise the names of shell companies when applying for a patent or trademark.
But, as the original report points out, the Delaware-based Immersive Health Solutions was registered by Corporation Trust Co. -- another shell company that also appeared on the realityOS trademark.In addition to the US, applications were filed in the EU, the UK, Canada, Australia, New Zealand, Saudi Arabia, Costa Rica, and Uruguay.
All three filings mention "virtual and augmented reality headsets, goggles, glasses, and smartglasses", the report said. The `Reality One` trademark may refer to the name of the headset itself, while `Reality Pro` indicates a spec-boosted version that Apple has planned down the road, in line with the same `Pro` moniker Apple applies to its higher-end devices.
Meanwhile, the name `Reality Processor` may allude to the headset`s processing unit, which is rumoured to be an M2 chip. | https://www.dnaindia.com/technology/report-apple-patents-reality-ahead-of-rumoured-mixed-reality-headset-launch-2980720 | 2022-08-29T11:15:41Z | https://www.dnaindia.com/technology/report-apple-patents-reality-ahead-of-rumoured-mixed-reality-headset-launch-2980720 | false |
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ALEXANDRIA, Va. (AP) — Angela Williams' first year as United Way Worldwide's president and CEO has been marked with challenges: rising inflation, the war in Ukraine driving increased demand for charitable services, and the need to rebuild public trust in her organization.
As the first Black leader of United Way Worldwide, the former Air Force attorney and former head of Easterseals feels she is ready to lead the organization, once known for its blockbuster workplace giving fundraisers, into its next era.
“Being in situations over my lifetime where I have been the first or only woman or Black person and breaking what I call not just glass ceilings, but concrete ceilings and breaking through” has prepared her to deliver on this promise of more equitable services, Williams said.
She plans to bring this uniquely American institution’s focus back to the communities, listening to individuals to shape solutions to their problems with the help of United Way's considerable resources. In 2020, the organization gave more than $168 million in grants.
Williams has kept a low public profile in her first year, opting for a listening tour of United Way affiliates around the world and reexamining the organization’s commitments and priorities.
“My vision for United Way Worldwide is to create equitable solutions in communities,” Williams said, adding that people experiencing problems should have a voice in solving them.
United Way's national 211 call line connecting people to services has seen an increase in requests in the last couple of months, with people needing help accessing food, paying their utility bills or rent, and finding housing, she said.
“I feel this real sense of urgency," Williams told The Associated Press in an interview. "Whether it’s government, whether it’s the nonprofit sector, whether it’s philanthropy, foundations, individuals — we have to come together because there is so much pressing need.”
Williams took over United Way Worldwide after three former employees accused it of tolerating a culture of sexism and misconduct and retaliating against them for speaking out.
An outside investigation commissioned by the organization found in February 2021 there was no evidence of “actionable harassment, discrimination, or retaliation.” The three women who filed complaints with the Equal Employment Opportunity Commission told The Associated Press at the time that the law firm conducting the investigation had not contacted them. The organization’s CEO Brian Gallagher resigned shortly after.
During the Second World War, local United Ways consolidated their hold over workplace giving, by allowing employees to donate a portion of their paycheck automatically to the organization. The United Way would then regrant the pooled funds to local human service nonprofits like the YMCA or Salvation Army.
The model initially served a number of constituencies. It consolidated charitable requests directed to corporations and created a new group of middle-class donors who felt positively about giving to organizations that supported others in the place they lived.
But starting in the 1970s, several forces challenged workplace giving and United Way’s dominance as a distributor of large amounts of funding. The nature of work began to change, with the decline of large manufacturing employers and a transition to service work. That decline was compounded by growing social movements for civil rights, women’s rights and the protection of the environment, for example, creating new communities that donors identified with and wanted to support.
“From that point on, the United Way has struggled to get as much money and to stay relevant as this kind of centralized, trusted entity between donors and the charitable recipients,” said Emily Barman, a professor of sociology at Loyola University Chicago, who wrote a book about the organization.
To adapt, local United Ways, which pay membership dues to United Way Worldwide but are incorporated as separate nonprofits, sought to reduce their overhead and many chose to fund a smaller number of key partners instead of giving smaller amounts to a larger number of nonprofits.
Laurie Paarlberg, who studies community foundations at the Lilly Family School of Philanthropy at Indiana University, said affiliates also looked to governments and foundations for funding while others tried to establish endowments, solicit larger gifts from long-term donors and create giving circles around identities groups.
“The United Way has now been buffeted by a whole storm of connecting events that have influenced their role in their community, their revenue generation and then ultimately, their perceived legitimacy,” Paarlberg said.
The maelstrom that Williams stepped into also includes a large outlay of cash initiated under her predecessor as part of a partnership with Salesforce to create a software product, Philanthropy Cloud. United Way Worldwide’s tax filings show it paid more than $40 million between 2017 and 2020 to the company and a related contractor.
The software, which United Way Worldwide had the exclusive right to resell, competes with other programs that allow employees to donate from their paycheck to the charity of their choice (not just United Way) and to find volunteer opportunities.
Asked whether she thought the investment was worth the cost, Williams said it was a good start but that technology was a means to an end and not a solution by itself.
“My team and I are in the process of reevaluating a number of investments as part of a larger effort to right the ship and ensure that United Way Worldwide is sustainable and impactful for years to come,” Williams said.
Another change Williams made was recruiting a new leadership team that she called one of the most diverse in the sector and an important element in the organization’s focus on equity. She also convened an advisory council of leaders from local affiliates, meant to give them a direct line to her leadership team.
Despite its recent issues, United Ways retain the trust of many corporations and of local governments, Williams said. When Congress allocated emergency funds for rental assistance to localities during the pandemic, mayors often turned to the local affiliate, Williams said.
“They called the United Way because they knew we had the mechanism for granting funds. They knew we had call centers. We had the ability to screen people, do the intake. We knew how to be a referral service,” she said.
“So as that trusted advisor and partner, that’s a unique role we play,” she said.
___
Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy. | https://www.darientimes.com/news/article/New-United-Way-CEO-wants-local-focus-after-17404445.php | 2022-08-29T11:16:10Z | https://www.darientimes.com/news/article/New-United-Way-CEO-wants-local-focus-after-17404445.php | false |
Portland Timbers - Seattle Sounders
Major League Soccer (MLS) video highlights of the match Portland Timbers - Seattle Sounders. Watch highlights of Portland Timbers - Seattle Sounders for free on Football Highlight. Enjoy highlights and all goals of every Major League Soccer (MLS) match.
Portland Timbers - Seattle Sounders Highlights Major League Soccer (MLS)
Follow us on Facebook to stay updated with the latest football highlights. | https://football-highlight.com/en/north-america/major-league-soccer/2022-08-26-portland-timbers-seattle-sounders.html | 2022-08-29T11:17:37Z | https://football-highlight.com/en/north-america/major-league-soccer/2022-08-26-portland-timbers-seattle-sounders.html | true |
TOKYO, Aug. 29, 2022 /PRNewswire/ -- KLab Inc., a leader in online mobile games, together with BROCCOLI Co., Ltd., announced that the smartphone rhythm game Utano Princesama Shining Live celebrated its 5th anniversary on Sunday, August 28th. The Utano Princesama Shining Live 5th Anniversary celebration began Sunday, August 28th, 2022. Enjoy the newly added content and campaigns. See the original press release (https://www.klab.com/en/press/) for more information.
5th Anniversary Ray
In celebration of the 5th anniversary the 5th Anniversary Ray photo series UR Photos based on the 3 new theme songs depicting unique worlds makes its debut. These Photos will also contain limited edition autographs and unique comments. Unlock the Premium Moments to access special autographs and comments.
In addition, there will be special Live2D Outfits for Find My Shine, Find My Star, and Find My Dream. The jewels adorning the brooch on each idol will shine and dazzle depending on their movement.
Sneak Previews of New Shining Live Theme Songs
Three new theme songs will be added for a limited time in Special Songs. Check out these exclusive Shining Live songs.
New Sets on Sale Now
Four types of sets are now available. One UR Guaranteed 11-Shot Photo Shoot Pass is available from the 5th Anniversary Set. This special pass allows you to perform an 11-Shot Photo Shoot and guarantees that one of those Photos is from either a Find My Shine, Find My Star, or Find My Dream Photo.
Please enjoy the new content and campaigns of the Utano Princesama Shining Live 5th Anniversary.
See the in-app notices for more details.
Utano Princesama Shining Live 5th Anniversary PV
https://www.youtube.com/watch?v=WESz-aDzA9Q
About Utano Princesama Shining Live
Utano Princesama Shining Live is a rhythm game for Android™ and iOS mobile devices based on BROCCOLI's Utano Princesama series.
Supported OSes: Android™ 5.0+, iOS 11.0+
* Not available on some devices.
Genre: Rhythm game
Price: Free-to-play (In-app purchases available)
Supported Regions: Global (Excludes Japan)
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SOURCE KLab Inc. | https://www.wafb.com/prnewswire/2022/08/29/utano-princesama-shining-live-5th-anniversary-begins/ | 2022-08-29T11:18:50Z | https://www.wafb.com/prnewswire/2022/08/29/utano-princesama-shining-live-5th-anniversary-begins/ | true |
Nathan Baker forced to retire nine months after suffering head injury
By PA Staff published
Bristol City defender Nathan Baker has retired from professional football after doctors determined continuing to play would present a “significant risk” to his health.
Baker sustained a head injury in the Robins’ match at Sheffield United on November 28th, 2021 – requiring 24 hours of hospitalisation.
The 31-year-old made his decision following nine months of tests, treatment and recuperation and on the advice from his medical team.
He said: “Football has been a massive part of my life from a very young age, so this has not been the easiest decision for me, however I must take the advice from the medical team and consultants.
BRICK. WALL. 💪— Bristol City FC (@BristolCity) April 23, 2020
“It’s sad to think I won’t be playing football again, there are so many things I am going to miss, such as my team-mates, the friendships made, plus a good tackle! But I must put my health and family first, it’s not worth the risk.”
Baker joined Bristol City on loan from Aston Villa in 2015, then made his move permanent on a £3.5 million deal.
A club statement stressed that Baker “is currently well, without any neurological or cognitive issues, but is likely to be monitored with further neuro-psychology testing in the future”.
“Having assessed his progression over a period of nine months, Nathan has been advised by medical professionals that to carry on playing at a professional level would represent a significant risk to his ongoing and future health,” the statement added.
Baker, a former England Under-21 defender, made 138 appearances and scored three goals for Bristol City.
Manager Nigel Pearson added: “It’s a sad day for any player when they have to step away from the game, especially in Nathan’s case when it’s a lot earlier than he had planned.
“However, the health and safety of players must come first and we fully support the advice given to Nathan to ensure his health is the primary concern.
“Nathan was a fabulous servant to our club and popular in dressing room as well in the stands with the supporters. We wish him all the best for the future as he starts his life away from the pitch with his young family.”
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There was a problem. Please refresh the page and try again. | https://www.fourfourtwo.com/news/nathan-baker-forced-to-retire-nine-months-after-suffering-head-injury-1661767147000 | 2022-08-29T11:20:34Z | https://www.fourfourtwo.com/news/nathan-baker-forced-to-retire-nine-months-after-suffering-head-injury-1661767147000 | true |
Police officer due in court on Sheffield rape charge
- Published
A police officer charged with two counts of rape is to appear in court.
Former police constable Rowan Horrocks, 26, is due to appear at Leeds Magistrates' Court on Tuesday accused of raping a woman in South Yorkshire.
South Yorkshire Police said the charges relate to a report that a woman was raped in South Yorkshire on 28 November 2021.
Mr Horrocks was based in the response team and was not on duty at the time of the alleged offences.
He has been suspended from duties and internal misconduct proceedings are under way alongside the criminal justice process.
Supt Delphine Waring, head of the force's Professional Standards Department, said the case is being taken "incredibly seriously".
"I know how understandably concerned our communities will be about this matter," Supt Waring said.
"I'd like to give my full assurance to the public that reports of this nature against one of our officers are treated incredibly seriously by the force.
"Any officers who are found not to reflect the values and high standards of our organisation will be dealt with as swiftly and robustly as possible."
Follow BBC Yorkshire on Facebook, Twitter and Instagram. Send your story ideas to yorkslincs.news@bbc.co.uk. | https://www.bbc.co.uk/news/uk-england-south-yorkshire-62713315 | 2022-08-29T11:21:30Z | https://www.bbc.co.uk/news/uk-england-south-yorkshire-62713315 | true |
Dear Amy: I just had a baby two months ago. I have two other children from a previous relationship. They are 18 and 20, so I’m basically a “new” mom.
My boyfriend and I decided it would be best for me to be a stay-at-home mom and being that I did that for many years with my other children, I was ecstatic.
He found a new higher-paying job to cover my lack of income. I was so proud of him!
Everything seemed to be going great until a few days ago. He started acting distant and we’ve gotten into some pretty bad arguments.
I have no idea what has changed. He now says he needs space, and my heart is broken. He says he’s tired of me making him feel like everything he does is wrong. l definitely don’t think that. I do get upset over his phone usage, especially around the baby.
He has a problem with addiction and has been using kratom.
I feel like he’s hiding something from me.
How do I fix this?
I’ve been an emotional mess and feel like it’s affecting my new baby.
– It Takes a Village
Dear It Takes A Village: Your question’s signature provides a clue into what I urge you to do in the short term: Let the “village: help to take care of you. Reach out to friends, family members and other new or “redux” moms.
See your physician right away to be screened for postpartum depression.
Because I don’t believe it is in your power to “fix this,” you must take your new baby’s life – and yours – one day at a time. Or one hour at a time.
I’m speculating, but it is possible that the stress of this extreme lifestyle change may have triggered your partner to relapse.
Kratom is an herbal supplement sometimes used to counteract the effects of addiction withdrawal.
According to an article published by the Mayo Clinic (mayoclinic.org), “Kratom is believed to act on opioid receptors. At low doses, kratom acts as a stimulant, making users feel more energetic. At higher doses, it reduces pain and may bring on euphoria. At very high doses, it acts as a sedative, making users quiet and perhaps sleepy.
“Depending on what is in the plant and the health of the user, taking kratom may be very dangerous. Claims about the benefits of kratom can’t be rated because reliable evidence is lacking.”
This herb is also extremely toxic to babies.
If your guy “needs space” I suggest that you give it to him, because he does not seem to be in a stable place right now. Your and your baby’s emotional and physical health and safety is paramount.
Let your “village” lift and hold you up until you gain your strength back.
Dear Amy: I am a 35-year-old man, happily living in my hometown – after about a decade away.
I’m writing because this past weekend, I had a realization: I don’t really like my friends.
Post-pandemic, I’ve been hanging with some of my friends from childhood and high school. Don’t get me wrong – these are salt-of-the-earth people, and I don’t want to judge them.
But, speaking honestly, I have grown tired of smoking weed and playing Grand Theft Auto.
I guess I’m looking for validation, as well as some ideas about how to branch out.
Your advice?
– Looking for Distance
Dear Looking: Fist, let’s stipulate that it’s not that you don’t “like” your hometown friends, but that your interests have expanded beyond hanging out on Randall’s couch, getting high and pulling video heists.
Expand your world -- without dumping your friends.
Start hiking, biking, volunteering for Habitat for Humanity, and going to concerts and clubs.
In short, I suggest that you “get a life.”
Getting a life can be challenging, even if you’re young and unencumbered. It can be even harder in your hometown because you are pigeonholed into friendships and habits by other people.
One of my favorite depictions of this sometimes aimless dynamic is the movie “Swingers.” Watch it – and let it inspire you to plan your next move.
Dear Amy: Oy vey, your answer to “Bothered” really bothered me.
This poor guy writes about his extreme frustration standing in a very long line to “punch out” after his work shift when people cut in front of him.
You went on about “equanimity”?
He should go to management!
– I Need your Job
Dear Need: “Bothered” specifically did not ask how to solve this, but about “adopting a new mentality.”
©2022 Amy Dickinson. | https://www.mcall.com/advice/ct-aud-ask-amy-motherhood-20220829-v3x25vde2zh25golyhnxh3qwrm-story.html | 2022-08-29T11:21:30Z | https://www.mcall.com/advice/ct-aud-ask-amy-motherhood-20220829-v3x25vde2zh25golyhnxh3qwrm-story.html | false |
DETROIT (AP) — Four people were shot, three fatally, by a man who appeared to be firing at people randomly over a roughly 2 1/2-hour period Sunday morning in Detroit, police said.
Police arrested the unidentified suspect Sunday evening after and hourslong manhunt with help from the FBI, Department of Homeland Security and the Bureau of Alcohol, Tobacco, Firearms and Explosives.
Detroit Police Chief James White said tips led officers to the suspect, but did not release further information.
“Thank you to the hard working men and women of the DPD that put themselves in harm’s way each day. Also, a big thank you to our law enforcement partners,” the department said on its Facebook page Sunday night.
White said police traced all four shootings to one firearm and believe there is one shooter. He said investigators don’t believe there was any connection between the victims, noting one person was walking a dog and another waiting for a bus when they were shot.
He said police discovered a woman in her 40s who had been shot multiple times around 4:45 a.m. on Sunday. While officers were investigating that fatal shooting, a witness reported a 28-year-old man had been shot multiple times nearby, White said.
A third victim, a woman in her 40s, was found in the area around 6:50 a.m. She died after being shot multiple times, police said.
Around 7:10 a.m., an elderly man reported he saw a man peering into vehicles. When the elderly man told the person to get away from the cars, the gunman fired at the elderly man, who was shot once and survived, police said. | https://www.wearegreenbay.com/news/ap-top-headlines/ap-detroit-police-search-for-gunman-in-fatal-random-shootings/ | 2022-08-29T11:24:31Z | https://www.wearegreenbay.com/news/ap-top-headlines/ap-detroit-police-search-for-gunman-in-fatal-random-shootings/ | true |
The intelligence community is counting the cost of what might have been compromised as they review the classified material former President Donald Trump had at his Florida property.
Copyright 2022 NPR
The intelligence community is counting the cost of what might have been compromised as they review the classified material former President Donald Trump had at his Florida property.
Copyright 2022 NPR | https://www.wbaa.org/2022-08-29/after-mar-a-lago-officials-are-analyzing-the-potential-damage-to-national-security | 2022-08-29T11:25:29Z | https://www.wbaa.org/2022-08-29/after-mar-a-lago-officials-are-analyzing-the-potential-damage-to-national-security | false |
Yael Langer Has Decided to Resign from the Board at the Company's 2022 Annual General Meeting of Shareholders
Upon the Election of Ms. Makov, Four of the Company's Five Independent Directors Will Have Been Added Since July 2021
ROSH HA'AYIN, Israel, Aug. 29, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon" or the "Company"), the global innovator and leading solutions provider of 5G wireless transport, today announced that director Yael Langer has decided to resign from her position as a member of the Board, in effect as of the Company's 2022 Annual General Meeting of Shareholders ("AGM"), which will take place on October 3, 2022. As part of the Company's ongoing director refreshment efforts, the Nomination Committee and Board have nominated Efrat Makov to stand for election as an independent director at the Company's 2022 AGM. If elected, Ms. Makov will serve the remainder of Ms. Langer's three-year term ending on the date of the 2024 Annual General Meeting. With the addition of Ms. Makov, the Ceragon Board will continue to be comprised of seven directors, of which five will be considered independent and four will have been added since the 2021 AGM.
"On behalf of the Board and management team, we would like to thank Yael for her many contributions and guidance during her tenure with the Company," said Zohar Zisapel, Chairman of Ceragon Board of Directors. "As a director, Yael has been an instrumental contributor of legal and corporate governance expertise and a strong steward of shareholder interests during her tenure on the Ceragon Board. We wish her the very best in her future endeavors."
Ms. Langer commented, "I am grateful for the opportunity to have served Ceragon shareholders as a director. In that time, the Company has experienced significant transformation, and we have reconstituted the Board with a number of new independent directors, which I believe will position the Company to capitalize on the next era of growth."
"We are pleased to nominate Efrat Makov for election to the Ceragon Board," continued Mr. Zisapel. "We conducted a comprehensive search aided by an independent search firm for industry leaders with the experience and expertise to help accelerate Ceragon's strategy. Ms. Makov will bring valuable and highly relevant industry knowledge and experience that will help us create more shareholder value by executing our strategic plan driving profitable growth, as well as exploring other strategic alternatives as applicable. We believe the Board will benefit from Efrat's extensive strategic, financial and public board experience including in the telecommunications sector. We are confident that our Board will benefit from her fresh perspectives and look forward to working closely with her as Ceragon builds on its momentum."
"I would like to thank Yael for her years of contribution to Ceragon's Board," added Doron Arazi, Ceragon's CEO. "We believe the addition of Ms. Makov will further help strengthen Ceragon's position as a global innovator and leader in best-of-breed solutions for 5G wireless transport and will allow us to pursue more ideas and opportunities to maximize value for our shareholders."
Ms. Makov commented, "I am honored to have this opportunity to serve on the Board and leverage my experience to accelerate Ceragon's strategic plan. I look forward to the chance to support Ceragon as it continues to execute on its strategy and generate superior shareholder value. Together, I am confident that we can further strengthen the Company's global position in an attempt to maximize value for shareholders."
The Company's 2022 AGM is scheduled to take place on October 3, 2022. The Company will separately file proxy materials with the Securities and Exchange Commission ("SEC") in connection with the 2022 AGM.
About Efrat Makov
Efrat Makov has extensive telecom and public company director experience. Ms. Makov is currently serving as a director of Allot ltd., iSPAC 1 Ltd. and B Communications Ltd. Ms. Makov previously served as a director of BioLight Life Sciences Ltd.; Kamada Ltd.; and Anchiano Therapeutics Ltd. Previously, she served as the CFO of Alvarion, an Israeli-based global provider of autonomous wi-fi networks, and as the CFO of Aladdin Knowledge Systems. Formerly, she served as Vice President of Finance at Check Point Software Technologies. Earlier in her career, she spent seven years in public accounting with Arthur Andersen LLP in its New York, London and Tel Aviv offices. Ms. Makov holds a B.A. degree in accounting and economics from Tel Aviv University and is a Certified Public Accountant in Israel and the United States.
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.
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.wistv.com/prnewswire/2022/08/29/ceragons-board-nominates-efrat-makov-board-directors/ | 2022-08-29T11:26:43Z | https://www.wistv.com/prnewswire/2022/08/29/ceragons-board-nominates-efrat-makov-board-directors/ | true |
New, nationwide on-demand service transforms expedite shipping from an "emergency" to an "everyday" transportation option
KNOXVILLE, Tenn., Aug. 29, 2022 /PRNewswire/ -- Expedite All today announced the launch of a new, nationwide expedite transportation network that gives shippers on-demand access to more than 1,000 carriers offering over 5,000 expedite vehicles at rates up to 10% lower than traditional expedite. Expedite All is disrupting the expedite industry, leveraging proprietary Truck Map and Freight Rate Calculator technology and a network of trusted small vehicle carriers to offer shippers a new transportation option: short-, medium- and long-haul expedite services that can be utilized for routine shipping needs. Expedite All's fast-growing small vehicle network offers an effective transportation solution for virtually any shipper in any industry, from the first mile to the last mile.
"Due to the high cost, shippers use traditional expedite only when they have to, and mainly for relatively short distances," said Alex Winston, president of Expedite All. "The new Expedite All model makes it faster, easier and less costly to utilize expedite services for everything from short- to long-haul shipments, essentially providing shippers with a new transport mode that adds flexibility to their everyday transportation mix."
"Exclusive transportation service often means placing a load as small as one pallet on a dedicated 53-foot semi trailer, which is inefficient and environmentally unfriendly," continued Winston. "That pallet could be loaded onto a small vehicle, like a sprinter van, that is faster, costs less and offers a much more sustainable option for shippers. Sprinter vans are as much as two and a half times more fuel efficient than semi trucks, so they emit two and half times less CO2 into the atmosphere. By providing shippers with access to a large network of small vehicles, Expedite All is on the front lines of delivering greener, more efficient transportation solutions."
Expedite All offers immediate access to more than 5,000 expedite vehicles, including sprinter vans, cargo vans, straight trucks and box trucks across the continental U.S. On average, a standard sprinter van can carry up to three pallets, a box truck can carry up to seven and a straight truck can carry up to 14, representing an enormous amount of untapped capacity that Expedite All is making available to shippers. At launch, the size of the company's network rivals the available capacity of the largest existing expedite providers, with plans to grow.
Expedite All's map-based user interface provides shippers with real-time visibility to available vehicles, making finding and booking the right vehicle fast and easy. Expedite All's Freight Rate Calculator uses proprietary algorithms to allow shippers to quickly get an estimated rate quote without having to call and compare rates from multiple expedite providers. Shippers can track their shipments online from pickup to delivery and receive 24/7 dedicated phone support throughout their shipment's journey.
Expedite All is an emerging industry disruptor, leveraging proprietary Truck Map and Freight Rate Calculator technology and a network of more than 1,000 trusted small vehicle carriers to offer shippers a new transportation option: short- to long-haul expedite services at rates up to 10% lower than traditional expedite. Expedite All is a faster, less costly and more sustainable transportation solution. To learn more, visit www.expediteall.com.
Contact:
Nick Fryer
773-936-7428
nick.fryer@finnpartners.com
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SOURCE Expedite All | https://www.wistv.com/prnewswire/2022/08/29/expedite-all-launches-lower-cost-more-sustainable-expedite-shipping-network/ | 2022-08-29T11:28:58Z | https://www.wistv.com/prnewswire/2022/08/29/expedite-all-launches-lower-cost-more-sustainable-expedite-shipping-network/ | false |
NEW YORK, Aug. 29, 2022 /PRNewswire/ --
Key Takeaways
- Forty-six percent of surveyed CFOs expect the North American economy to be in a recession by the new year, while 39% expect the North American economy to be in a period of stagflation.
- CFOs' concerns over persistent inflation outweighed angst over the possibility of a recession nearly 3 to 1.
- Just 33% of CFOs rate the current North American economy as good or very good, a marked decline from 52% in the second quarter of 2022.
- The nearly one-quarter (24%) of CFOs considering U.S. equities as undervalued is the highest this figure has reached since the 1Q16 CFO Signals survey.
- Domestic hiring growth expectations fell to 2.6% from 5.3% in the second quarter of 2022.
Why it matters to CFOs?
Each quarter, CFO Signals™ tracks the thinking and actions of leading CFOs representing North America's largest and most influential companies. Since 2010, the survey has provided key insights into the business environment, company priorities and expectations, finance priorities, and CFOs' personal priorities. Participating CFOs represent diversified, large companies, with 84% of respondents reporting revenue in excess of $1 billion. More than one-quarter are from companies with greater than $10 billion in annual revenue.
Economic outlook
CFOs' sentiment toward current conditions in all five economic regions covered in the CFO Signals survey fell this quarter. For North America, 33% of CFOs rated the current economy as good or very good, a noticeable decline from 52% in 2Q22. However, 29% of CFOs indicated conditions in North America will improve in a year, up from 18% in the prior quarter. Sentiment was similarly gloomy for the current economies of Europe, China and South America, with just 7% of CFOs viewing conditions as good or very good in each region — all representing a decline from 2Q22. The economy of Asia, excluding China, fared slightly better, with 17% of CFOs considering it as good or very good.
Own company optimism and risk
The percentage of CFOs expressing more optimism for their companies' financial prospects declined to 19% from 27% in the prior quarter. This figure is the lowest it has been since the 2Q20 survey. That said, there was a slight uptick in the percentage of CFOs saying now is a good time to be taking greater risks, at 38%, compared to 35% in 2Q22. Inflation and geopolitics stood out most prominently among CFOs' long list of external risks. Internally, talent, especially retention issues, continued to dominate CFOs' list of internal worries.
Key operating metrics
For the second consecutive quarter, CFOs lowered their year-over-year growth expectations for revenue, earnings and capital spending. Revenue growth decreased to 6.2% from 7.8%, earnings growth declined to 6.4% from 8.4%, and capital spending growth expectations fell to 4.3% from 11.2%. CFOs also reduced their growth expectations for both domestic wages/salaries and domestic hiring — the first significant decrease since the 2Q20 CFO Signals survey. Domestic wages/salaries growth expectations decreased to 4.8% from 5.3%, and domestic hiring growth fell to 2.6% from 5.3%. Dividend growth remained flat on a quarter-to-quarter basis, at 4%.
Recession and inflation expectations and planning
Forty-six percent of surveyed CFOs expect the North American economy to be in a recession by the new year. CFOs are taking actions to prepare, including the most-often cited step: reducing or closely managing operating expenses. CFOs are also controlling headcount, limiting hiring, and increasing productivity. Furthermore, several CFOs are evaluating their customers, services and/or products to identify opportunities to help recession-proof their organizations.
Slightly more than one-third of CFOs (39%) noted they expect the North American economy to be in a period of stagflation by 2023. Another 15% expressed a more optimistic outlook, indicating they expect the region's economy to be growing with low-to-moderate inflation by 2023. Of note, CFOs' concerns over persistent inflation outweighed angst over the possibility of a recession nearly 3 to 1.
Assessment of capital markets
The proportion of CFOs regarding U.S. equities overvalued in this quarter's survey fell to 30% from 43% in the prior quarter. Forty-six percent of CFOs indicated U.S. equities were neither overvalued nor undervalued, while 24% viewed them as being undervalued — the lowest percentage since 1Q16. Fewer CFOs this quarter found debt financing as attractive than in 2Q22: Just 16% indicated that debt financing is attractive, a sizable decline from 32% in the prior quarter. Record levels of inflation and fears of a potential recession may have fueled the drop. Meanwhile, the attractiveness of equity financing among CFOs rose slightly, to 26% from 22% in the prior quarter.
Key quotes
"Deloitte's Q3 CFO Signals survey reveals that CFOs are grappling with the effects of inflation and the prospects of a potential recession. Some organizations are already taking measures to cope with slowing growth, including cuts to hiring, wage growth and capital spending. Nevertheless, sustained inflation remains a more worrying prospect for CFOs than a recession."
Download the findings from the Q3 2022 CFO Signals survey here.
Methodology
Every quarter, Deloitte's CFO Signals closely follows the thinking and priorities of leading CFOs who represent some of North America's largest and most impactful organizations. This report summarizes CFOs' opinions across four key areas: business environment, company expectations and priorities, financial priorities, and personal priorities.
The CFO Signals survey for the third quarter of 2022 was conducted between Aug. 1, 2022, and Aug. 15, 2022. A total of 112 CFOs participated in this quarter's survey. This survey seeks responses from CFOs across the United States, Canada and Mexico, and the vast majority are from companies with more than $1 billion in annual revenue. Participation is open to all industries except public sector entities.
For more information about Deloitte CFO Signals or to inquire about participating in the survey, please contact NACFOSurvey@deloitte.com.
About Deloitte
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Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
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SOURCE Deloitte | https://www.kxii.com/prnewswire/2022/08/29/nearly-half-cfos-expect-recession-north-america-by-2023-more-are-concerned-about-inflation-deloitte-cfo-signals-survey-3q-2022/ | 2022-08-29T11:29:41Z | https://www.kxii.com/prnewswire/2022/08/29/nearly-half-cfos-expect-recession-north-america-by-2023-more-are-concerned-about-inflation-deloitte-cfo-signals-survey-3q-2022/ | false |
LOS ANGELES (AP) — The horror film “The Invitation” needed just $7 million to finish at the top of the weakest weekend of the summer at the North American box office, according to studio estimates Sunday.
Directed and co-written by Jessica M. Thompson and starring “Game of Thrones” actor Nathalie Emmanuel, “The Invitation” tells the story of a young woman who after her mother’s death discovers dark secrets at her family home in the English countryside.
It debuted on 3,141 screens for Sony and cost just $10 million to make.
Sony also had the No. 2 movie with the Brad Pitt vehicle “Bullet Train,” which brought in an estimated $5.6 million from 3,513 screens in its fourth week, bringing its domestic total to $78.2 million.
Universal’s “Beast,” starring Idris Elba, finished third with $4.9 million in its second week, after making $11.6 million and ranking second in its first.
Elba was also the star of the week’s other major debut, “Three Thousand Years of Longing,” the fantasy epic from “Mad Max” director George Miller, which brought in just $2.9 million on 2,436 screens and finished a distant and disappointing seventh.
The lagging results were no great surprise for this time of year.
“We’re in that what is often the typical August slowdown heading into Labor Day weekend,” said Paul Dergarabedian, the senior media analyst for Comscore. “This was to be expected given the lineup of films this weekend.”
Paramount’s “Top Gun: Maverick” remained in fourth in its 14th weekend in theaters with an additional $4.8 million. It has made over $691 million in North America to date, making it the sixth-highest grossing domestic release of all time.
Last week’s No. 1, “Dragon Ball Super: Super Hero” plunged to fifth in its second weekend with $4.6 million after bringing in $20.1 million in its debut.
The weekend overall saw about $52.7 million in North American ticket sales — the slowest in months. A strong summer has meant that the year-to-date box office is still up significantly from a tepid 2021, but a long drought lies ahead until another surge of expected big earners such as “Halloween Ends” and “Black Adam,” which will both be released in October.
Amid the quiet spell at the box office, movie tickets will be just $3 in the vast majority of American theaters as part of a newly launched “ National Cinema Day ” on Saturday. Major chains, including AMC and Regal Cinemas, are participating, as are all major film studios.
Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Comscore. Final domestic figures will be released Monday.
1. “The Invitation,” $7 million.
2. “Bullet Train,” $5.6 million.
3. “Beast,” $4.9 million.
4. “Top Gun: Maverick,” $4.8 million.
5. “Dragon Ball Super: Super Hero,” $4.6 million.
6. “DC League of Super-Pets,” $4.2 million.
7. “Three Thousand Years of Longing,” $2.9 million
8. “Minions: The Rise of Gru,” $2.74 million.
9. “Thor: Love and Thunder,” $2.7 million.
10. “Where the Crawdads Sing,” $2.3 million
___
Follow AP Entertainment Writer Andrew Dalton on Twitter: https://twitter.com/andyjamesdalton | https://www.kark.com/entertainment-news/ap-the-invitation-tops-tepid-weekend-at-box-office/ | 2022-08-29T11:31:01Z | https://www.kark.com/entertainment-news/ap-the-invitation-tops-tepid-weekend-at-box-office/ | true |
WFO MIDLAND/ODESSA Warnings, Watches and Advisories for Monday, August 29, 2022
_____
FLOOD WARNING
Flood Statement
National Weather Service Midland/Odessa TX
610 AM CDT Mon Aug 29 2022
...The Flood Warning is cancelled for the following rivers in
Texas...
Rio Grande at Presidio International Bridge affecting Presidio
County.
.The river gauge at the Rio Grande Presidio International Bridge is
showing erroneous data and the river is not in flood at this time.
...FLOOD WARNING IS CANCELLED...
The Flood Warning is cancelled for
the Rio Grande at Presidio International Bridge.
* ADDITIONAL DETAILS...
- .
- Forecast....
- http://www.weather.gov/safety/flood
.
_____
Copyright 2022 AccuWeather | https://www.michigansthumb.com/weather/article/TX-WFO-MIDLAND-ODESSA-Warnings-Watches-and-17404492.php | 2022-08-29T11:31:13Z | https://www.michigansthumb.com/weather/article/TX-WFO-MIDLAND-ODESSA-Warnings-Watches-and-17404492.php | true |
Post-launch timeline: NASA's Artemis I mission to the moon and back
Space is important to us and that’s why we're working to bring you top coverage of the industry and Florida launches. Journalism like this takes time and resources. Please support it with a subscription here.
---
NASA's Space Launch System rocket, set to launch the Artemis I mission on Aug. 29, will boost an uncrewed Orion capsule to the moon and back over a 42-day test flight.
The long-duration mission will test what astronauts should later experience on subsequent flights (Artemis II no earlier than 2024 and Artemis III sometime after 2025). The latter mission is expected to put two astronauts on the lunar surface before establishing a permanent presence later in the 2020s.
The No. 1 priority for Artemis I, according to NASA officials, is testing Orion's heat shield during re-entry as it travels some 25,000 mph.
Here's the full post-launch mission timeline courtesy of NASA:
Flight Day 1
- 8:33 a.m.: Liftoff
- 8:35:12 a.m. - Solid Rocket Booster separation (Mission Elapsed Time 00:02:12)
- 8:36:13 a.m. - Service module fairing jettison (MET 00:03:13)
- 8:36:19 a.m. - Launch abort system jettison (MET 00:03:19)
- 8:41:04 a.m. – Core stage main engine cutoff commanded (MET 00:08:04)
- 8:41:16 a.m. – Core Stage/ICPS separation (MET 00:08:16)
- 8:51:10 a.m. – Orion Solar Array Wing Deploy Begins (MET 00:18:20)
- Approximately 12 minutes in duration(~60 miles)
- 9:24:22 a.m. – Perigee Raise Maneuver (MET 00:51:22)
- 22 seconds in duration
- 10:11:03 a.m. – Trans-lunar injection (MET 01:38:03)
- 17 minute, 59 second burn
- 11:39:10 a.m. – Orion/ICPS separation (MET 02:06:10)
- 11:40:31 a.m. – Upper Stage Separation Burn (MET 02:07:31)
- 12:03:10 p.m. – ICPS Disposal Burn (MET 03:30:10)
- 4:29:05 p.m. – Outbound Trajectory Correction-1 burn (MET 07:56:05)
- First service module burn
Flight Day 2-5 - Outbound transit
Flight day 6-9 - Transit to Distant Retrograde Orbit (DRO) around the Moon
- Flight Day 6 (9/3): Outbound Powered Fly-by (burn 9:11 p.m.), Lunar Closest Approach (~60 miles)
Flight Day 10-23 - In DRO
- Flight Day 10 (9/7): DRO Insertion (burn 8:54 a.m.)
- Flight Day 11 (9/8): Orion passes Apollo 13 Record
Flight Day 24-34 - Exit DRO
- Flight Day 24 (9/21): DRO Departure (burn 2:52 a.m.)
- Flight Day 26: (9/23): Max distance from Earth
Flight Day 35-42 - Return transit
- Flight Day 35 (10/3): Return Flyby (burn 12:06 a.m.), Second Closest Approach (~500 miles)
Flight Day 43 (10/10) - Entry and splashdown (11:53 a.m.)
Contact Emre Kelly at aekelly@floridatoday.com or 321-242-3715. Follow him on Twitter, Facebook and Instagram at @EmreKelly. | https://www.floridatoday.com/story/tech/science/space/2022/08/29/timeline-nasas-artemis-mission-moon-and-back/7927695001/ | 2022-08-29T11:31:19Z | https://www.floridatoday.com/story/tech/science/space/2022/08/29/timeline-nasas-artemis-mission-moon-and-back/7927695001/ | true |
Michael Ede, Entrepreneur, Football Agent, MD/CEO of Uplift11 Sports, U.K.'s fastest-growing sports management agency.
Productivity is at the heart of every business, and with the explosion of remote work over the past few years, some may have expected to see a commensurate drop in that category. However, the opposite is true.
Survey research by Airtasker shows that remote workers can be more productive than their in-office counterparts. However, the reasons for increased productivity are complicated, and working from home has its drawbacks. Here are four best practices business leaders can use to improve their team's productivity.
1. Promote Workforce Health Through Consistent Schedules
The Airtasker survey suggests maintaining a set routine to stay productive, and additional research supports the idea that regular routines promote mental health and productivity.
As a business leader, you should encourage remote workers to stick to the same schedule that they followed when they regularly visited the office. Maintaining this routine will keep them focused and make them feel more organized and effective. For people who have returned to the office after the pandemic, try to ensure new office regulations—such as mask requirements or installing partitions—integrate smoothly into a "new normal." There's no guarantee that normality will be restored, but those who embrace can truly enjoy the benefits.
2. Reduce Anxiety With Habitual Planning
Business leaders know how important it is to stay focused and get through a daunting pile of work. But too many looming tasks can cause anxiety and reduce productivity, and working from home introduces unfinished domestic tasks to that mix. The simple answer: Make a to-do list!
Scholars have shown the profound psychological effect of planning out unfinished tasks. The simple act of writing down a plan can decrease the cognitive load on workers at all levels, allowing them to remain focused on each individual task in turn. Therefore, encourage your team members to write down their daily goals so they can avoid distractedly jumping from task to task.
This approach can scale to groups at large. Whether remote or in the office, plan daily or weekly meetings where you and your team can deconstruct and prioritize tasks, accounting for deadlines. The time spent in the meetings will be well worth the mental clarity gained by making a plan.
3. Intentional Workspaces Help Prevent Productivity Dips
Distractions are everywhere during the workday, including anything from texts, phone calls, social media and many other things. With the additional distractions of domestic life, like family and pets, logic would dictate that remote workers are subject to more lost time during the day. However, they're actually wasting less time than their office-bound colleagues. According to Airtasker, the disparity is around 10 minutes, with remote workers losing 27 minutes per day to distractions and office workers losing 37 minutes. This phenomenon has thus revealed the importance of thoughtfully constructing workspaces. Carving out some space at home to dedicate to work, rather than working from bed or the couch, helps keep remote workers in a productive mindset.
These insights are useful for the office. For example, to minimize digital distractions, consider mandating "no phone" periods where everyone's cell phones are silenced and put away. Furthermore, business leaders must acknowledge some of the unique office distractions, like colleagues interrupting others' flow with casual conversation or non-urgent questions. Airtasker's data shows management actually spends twice as much time discussing non-work-related things as regular workers. So, whether remote or in person, it's vital to respect everyone's productive time and save chit-chat for breaks and general work questions for scheduled meetings.
4. Prevent Burnout Through Frequent Breaks
Research shows that taking breaks throughout the day boost productivity more than lengthy stints at the desk. On average, office workers take less break time than remote workers, which can hinder their mental fortitude. Encourage your staff to take periodic breaks during the workday, particularly when they feel unusually worn out or preoccupied. Common effective break activities include eating a healthy snack, going for a stroll, chatting with a friend or meditating.
One strategy you and your team can try is the Pomodoro technique, which provides regularity for people who need structured breaks. Consider these five steps:
1. Work for 25 minutes with a timer.
2. Take a break for five to 10 minutes.
3. Repeat until you've completed your fourth 25-minute work period.
4. Take a longer break, around 25 to 30 minutes.
5. Repeat for the duration of your workday.
Working remotely presents many challenges. However, the resilience and innovative spirit of business leaders and team members alike have left us with several best practices that increase productivity at home and in the office. As a business leader, you can use these pandemic-era lessons to get the best out of your team no matter where the future takes us.
Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify? | https://www.forbes.com/sites/forbesbusinesscouncil/2022/08/29/4-lessons-from-working-remotely-that-business-leaders-can-take-to-increase-team-productivity/ | 2022-08-29T11:31:53Z | https://www.forbes.com/sites/forbesbusinesscouncil/2022/08/29/4-lessons-from-working-remotely-that-business-leaders-can-take-to-increase-team-productivity/ | false |
CEO at Amount, a fintech unicorn working with leading U.S. financial institutions to digitize and modernize the consumer banking experience.
While the jury’s still out on whether or not the U.S. economy is officially in a recession, there’s no doubt that consumers are feeling the strain of record-high inflation. But by no means is this slowing down the still burgeoning buy now, pay later (BNPL) market, which is increasingly transitioning from big-ticket splurges to more everyday purchases, today easing the pain at the gas pump and the grocery store.
Yet with consumer adoption rising, so, too, is BNPL scrutiny by regulators in Washington, D.C.
Late last year, the Consumer Financial Protection Bureau (CFPB) announced an inquiry into the largest nonbank providers of BNPL products, spotlighting a few key areas of interest: credit bureau reporting, underwriting standards, consumer data protection and disclosures. While this understandably puts nonbank BNPL providers on the defensive, for traditional financial institutions, this regulatory clarity actually provides an opportunity to gain a leading edge.
Sure, entering the BNPL fray requires a technology solution, which is where many financial institutions fall—or stop—short. But to be clear, launching a BNPL offering does not necessarily require an infrastructure overhaul. There are financial technology options that can work with existing bank systems, which can allow institutions to design additional customer-centric loan products.
Considering the CFPB’s primary concerns around BNPL, and the lack of bank-backed offerings, the time is right for financial institutions to get to market with more responsible BNPL offerings that don’t just meet consumer demand for ease and convenience but also enable smarter financial decisions. Here are three reasons why.
Punitive Credit Bureau Reporting
Regulators in both the U.S. and around the world have expressed concern that BNPL providers are only reporting missed or late payments to credit bureaus, leaving no track record of on-time payments, which are the single largest credit consideration and account for 35% of an individual’s credit score. Leaving out this information significantly impacts a consumer’s ability to build credit—and pay less for it—over time.
Since many current BNPL providers are not chartered banks, however, they are not required to comply with financial regulations around credit bureau reporting. Financial institutions, on the other hand, are bound by regulatory and legal requirements pertaining to credit reporting and have built the infrastructure necessary to ensure that consumers’ on-time BNPL payments are reported to the bureaus, facilitating improved access to affordable credit over time.
Lack Of Underwriting Standards
Policymakers are similarly concerned that nonbank BNPL providers perform little or no underwriting when enrolling consumers in these products. In fact, many nonbank BNPL providers, which primarily offer BNPL in split pay options as opposed to installments, argue that BNPL products aren’t loans and therefore shouldn’t be subject to any underwriting requirements.
Regulators, however, take a different view, pointing to the fees that can accumulate for missed or late payments. Herein lies a tremendous opportunity for banks to expose this flaw in the market structure and offer more responsible BNPL offerings by expanding the concept of BNPL beyond split pay to encompass longer-duration installment loans, treating BNPL as an extension of credit.
Equipped with a BNPL technology solution designed to rapidly execute credit bureau pulls, assess the ability to pay with income and employment verification, and produce and deliver consent and disclosure forms (including TILA, e-consent, privacy notices, risk-based pricing notices and adverse action letters), financial institutions can provide BNPL products regulated at the state levels and at a federal level.
Questionable Consumer Data Privacy Practices
Last but not least is great concern in Washington over how BNPL providers are collecting, storing, sharing and selling consumer data. Last December, the CFPB issued a series of orders to five of the largest BNPL companies to collect information on the risks and benefits of BNPL, citing concerns with data harvesting in a consumer credit market already quickly changing with technology. More recently, CFPB Director Rohit Chopra questioned whether nonbank BNPL provider data is being combined with browsing history, geolocation history, health data or other apps.
By contrast, under the Gramm-Leach-Bliley Act, financial institutions are heavily regulated when it comes to how they may use and interact with customer data. Accordingly, banks are uniquely suited to check the box on this regulatory concern, too.
Given the increasing attention from policymakers, the paucity of financial institutions that have entered this space is not surprising. But with the CFPB now leaning into the BNPL space, it’s now more clear where the BNPL regulatory requirements will lead—and why many financial institutions are better positioned to meet them while delivering greater customer value.
Still in its early stages, BNPL’s evolution will be market-driven, and banks will forever have to compete with the Klarnas, Affirms, even Apples, of the world. By meeting consumer demand for BNPL, and providing both split pay and installment loan offerings side by side, banks can give customers flexibility and control with a profitable—and responsible—financial product.
The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation.
Forbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms. Do I qualify? | https://www.forbes.com/sites/forbesfinancecouncil/2022/08/29/how-banks-can-provide-responsible-buy-now-pay-later-solutions/ | 2022-08-29T11:32:32Z | https://www.forbes.com/sites/forbesfinancecouncil/2022/08/29/how-banks-can-provide-responsible-buy-now-pay-later-solutions/ | true |
TX Marine Warnings and Forecast for Monday, August 29, 2022
_____
MARINE WEATHER STATEMENT
Marine Weather Statement
National Weather Service Corpus Christi TX
539 AM CDT Mon Aug 29 2022
A Marine Weather Statement has been issued for the following areas...
Coastal waters from Baffin Bay to Port Aransas out 20 NM...
Coastal waters from Port Aransas to Matagorda Ship Channel out 20
NM...
Copano, Aransas, and Redfish Bays...
Corpus Christi and Nueces Bays...
At 538 AM CDT, Doppler radar indicated a strong thunderstorm, capable
of producing winds to around 30 knots. This thunderstorm was located
8 nm east of Packery Channel, or 9 nm south of Port Aransas, moving
north at 10 knots.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Mariners can expect gusty winds to around 30 knots, locally higher
waves, and lightning strikes. Boaters should seek safe harbor
immediately until this storm passes.
waves, lightning strikes, and heavy downpours. Boaters should seek
safe harbor immediately until this storm passes.
LAT...LON 2784 9728 2793 9699 2761 9688 2751 9714
_____
Copyright 2022 AccuWeather | https://www.ctpost.com/weather/article/TX-Marine-Warning-and-Forecast-17404441.php | 2022-08-29T11:33:07Z | https://www.ctpost.com/weather/article/TX-Marine-Warning-and-Forecast-17404441.php | true |
Three-time CMO and category designer brings extensive go-to-market experience
to Lookout to accelerate global growth
SAN FRANCISCO, Aug. 29, 2022 /PRNewswire/ -- Lookout, Inc., a leading provider of data-centric endpoint and cloud security solutions, today announced the appointment of marketing executive Deborah Wolf as its new chief marketing officer (CMO). Wolf will lead the global go-to-market functions for Lookout including revenue marketing, integrated campaigns, digital marketing, field and event marketing, product marketing, corporate communications and marketing operations, as well as its team of business development representatives. Wolf's hire comes at a pivotal time for the Company as it accelerates its commitment to design and deliver digital security solutions for the intersection of enterprise and personal data.
Lookout's strong momentum continues after seeing a 56% year-over-year growth in its enterprise annual recurring revenue (ARR) for FY 2022 ending January 31, 2022, while also substantially increasing its customer count. Demand for the Lookout Security Service Edge (SSE) solution is contributing to its growth as organizations seek a platform approach to securing access to cloud apps, private apps, and the global web.
Wolf brings more than 30 years of marketing and brand experience to Lookout. She most recently served as CMO at Integrate, a leading B2B marketing technology firm, where she was responsible for designing and delivering the category of Precision Demand Marketing. Prior to Integrate, Wolf was the first CMO at BetterUp, a virtual coaching platform, where she helped shape the growth and direction of the company. She also previously served as CMO at Lookout from 2015 to 2018, where she led the organization through a successful transition from a consumer-focused company into one supporting the enterprise. Earlier in her career, Wolf served as vice president of corporate marketing at Workday where she led the marketing efforts from its earliest stage through its successful public offering.
"I am pleased to welcome Deb back to Lookout, particularly at this juncture of the Company's journey — she is one of those rare marketing executives who brings extensive business leadership, marketing acumen, and data-driven insights to any role she takes on," said Jim Dolce, Lookout CEO. "This is a unique time for Lookout, and I look forward to working with her, along with our entire executive leadership team, as we continue to scale and manage the Company through this next phase of growth."
"The relationship between work and life has become irreversibly blurred, and with that so has our data as digital information moves without boundaries or limits. A corporate data breach one moment can disrupt an individual's life the next and Lookout is at the forefront of addressing this monumental problem," said Wolf. "What an incredible time to be joining the Company that's delivering solutions that protect an individual or organizations' data wherever and however it moves."
About Lookout
Lookout is a leading provider of endpoint and cloud security solutions. Our mission is to secure and empower our digital future in a privacy-focused world where mobility and cloud are essential to all we do for work and play. We enable consumers and employees to protect their data, and to securely stay connected without violating their privacy and trust. Lookout is trusted by millions of consumers, the largest enterprises and government agencies, and partners such as AT&T, Verizon, VMware, Vodafone, Microsoft, Google, and Apple. Headquartered in San Francisco, Lookout has offices in Amsterdam, Boston, London, Sydney, Tokyo, Toronto, and Washington, D.C. To learn more, visit www.lookout.com and follow Lookout on its blog, LinkedIn and Twitter.
Contact Lookout PR: press@lookout.com
© 2022 Lookout, Inc. LOOKOUT®, the Lookout Shield Design®, LOOKOUT with Shield Design®, SCREAM®, and SIGNAL FLARE® are registered trademarks of Lookout, Inc. in the United States and other countries. EVERYTHING IS OK®, LOOKOUT MOBILE SECURITY® and POWERED BY LOOKOUT® are registered trademarks of Lookout, Inc. in the United States; and POST PERIMETER SECURITY ALLIANCE™ is a trademark of Lookout, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.
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SOURCE Lookout | https://www.kold.com/prnewswire/2022/08/29/lookout-appoints-deborah-wolf-chief-marketing-officer/ | 2022-08-29T11:34:48Z | https://www.kold.com/prnewswire/2022/08/29/lookout-appoints-deborah-wolf-chief-marketing-officer/ | true |
Interest payment covers accrued interest to August 31, 2022
SAN FRANCISCO, Aug. 29, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions today announced an interest payment in connection with its outstanding unsecured convertible debentures (the "Debentures").
mCloud has forwarded to TSX Trust Company the funds to cover accrued interest for the Debentures up to August 31, 2022 of C$586,437.50.
The Company is awaiting regulatory approval to complete the repayment of the convertible debenture.
mCloud is unlocking the untapped potential of energy intensive assets with AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Through mCloud's AI-powered AssetCare™ platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers. IoT sensors bring data from connected assets into the cloud, where AI and analytics are applied to maximize their performance.
With a worldwide presence and offices in San Francisco, Vancouver, Calgary, London, Perth, Singapore, and Beijing, the mCloud family includes an ecosystem of operating subsidiaries that deliver high-performance IoT, AI, 3D, and mobile capabilities to customers, all integrated into AssetCare. With over 100 blue-chip customers and more than 67,000 assets connected in thousands of locations worldwide, mCloud is changing the way energy assets are managed.
mCloud's common shares trade in the United States on the Nasdaq and in Canada on the TSX Venture Exchange under the symbol MCLD. For more information, visit www.mcloudcorp.com.
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information contained herein may include information related to the repayment of the convertible debenture.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other 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 information and statements.
A more complete discussion of the risks and uncertainties facing the Company appears in the prospectus supplement, the base shelf prospectus and the registration statement and in the Company's Annual Information Form and other continuous disclosure filings, which are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE mCloud Technologies Corp. | https://www.kold.com/prnewswire/2022/08/29/mcloud-announces-interest-payment-related-outstanding-unsecured-convertible-debentures/ | 2022-08-29T11:35:00Z | https://www.kold.com/prnewswire/2022/08/29/mcloud-announces-interest-payment-related-outstanding-unsecured-convertible-debentures/ | true |
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Half of Cars.com's Survey Respondents Say Recent Decreases in Gas Prices Have Caused Them to Change Labor Day Travel Plans, With 30% Reporting They Will Now Travel Farther
CHICAGO, Aug. 29, 2022 /PRNewswire/ -- With air travel woes continuing and gas prices falling, a Labor Day travel survey conducted by car-shopping marketplace Cars.com™ (NYSE: CARS) reveals Americans are hitting the road for their final summer vacation. The survey found that of the 64% of respondents who plan to travel for Labor Day weekend, 80% will drive to their destination1. Of those not planning to travel for the holiday, nearly a quarter cited high gas prices as the reason — significantly lower than the 42% of respondents who cited high gas prices as their reason for staying home over Fourth of July weekend2.
"For many, driving is not only the most economical way to travel, but the most comfortable and convenient," said Jenni Newman, Cars.com editor-in-chief. "While gas prices are still too high for some, we are seeing pain at the pump ease just in time for the holiday weekend. Travelers are also saving on gas by turning to electric and hybrid vehicles, with 36% of road-trippers using alternative fuel cars this Labor Day."
Cars.com's survey also found the following trends1 impacting 2022 Labor Day travel:
- Carpooling to save on gas: Vacation carpooling continues to be a popular option, with 73% of travelers planning to drive with others and 47% attributing their carpool plans to a desire to save on fuel.
- Change of plans: Some 52% of travelers who typically prefer to fly are now going to drive due to high ticket prices and ongoing airline disruptions. Additionally, 30% of respondents planning to drive say they've changed their destinations and are now traveling farther.
- A growing number of electric and hybrid vehicles on the road: Among the 36% of travelers planning to take a road trip over Labor Day weekend, 10% plan to take an EV and 26% planning to take a hybrid. This is up from the Fourth of July weekend, where 3% took an EV and 9% drove a hybrid.
- Growing concerns as monkeypox cases spread: Sixty-four percent of survey respondents are at least somewhat concerned about contracting monkeypox while traveling this Labor Day weekend. Driving in a personal vehicle can reduce the number of people whom travelers come in contact with and provide some peace of mind while traveling.
- Family road trips: Forty-nine percent of Labor Day travelers plan to road-trip with kids, with 63% having one or two children in car seats. This month, Cars.com released its annual Car Seat Fit Report Card, a resource for families to understand how current vehicles on the market stack up when it comes to safe car seat installation.
To learn more about the recent Labor Day travel survey, great deals and other car-buying tips and tricks, visit Cars.com/News.
1Cars.com consumer survey, fielded Aug. 10-12, 2022; 1,932 responses
2Cars.com consumer survey, fielded June 14-17, 2022; 1,670 responses
CARS is the leading automotive marketplace platform that provides a robust set of digital solutions that connect car shoppers with sellers. Launched in 1998 with the flagship marketplace Cars.com and headquartered in Chicago, the Company empowers shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers. In a rapidly changing market, CARS enables dealerships and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy shoppers, increase inventory turn and gain market share.
In addition to Cars.com™, the Company's brands include Dealer Inspire®, a technology provider building solutions to future-proof dealerships with more efficient operations and connected digital experiences; FUEL™, an advertising solution providing dealers and OEMs the benefit of leveraging targeted digital video marketing to Cars.com's audience of in-market car shoppers; DealerRater®, a leading car dealer review and reputation management technology solution; CreditIQ™, digital financing technology and Accu-Trade™, vehicle valuation and appraisal technology. The Company's portfolio of brands also includes Auto.com™, PickupTrucks.com™ and NewCars.com®.
The full suite of CARS properties includes Cars.com™, Dealer Inspire®, FUEL™, DealerRater®, CreditIQ™, Accu-Trade.com™, Auto.com™, PickupTrucks.com™ and NewCars.com®. For more information, visit www.Cars.com.
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SAN FRANCISCO (AP) — From fire departments to governments, from school districts to corporations, from local utilities to grassroots organizers around the world, Twitter at its best is a tool to get a message out quickly, efficiently, directly.
It’s also a constant risk-and-reward calculation.
A recent bombshell whistleblower report from Twitter’s former head of security alleges that the social media company has been negligently lax on cybersecurity and privacy protections for its users for years. While worrisome for anyone on Twitter, the revelations could be especially concerning for those who use it to reach constituencies, get news out about emergencies and for political dissidents and activists in the crosshairs of hackers or their own governments.
“We tend to look at these companies as large, well-resourced entities who know what they’re doing — but you realize that a lot of their actions are ad hoc and reactive, driven by crises,” said Prateek Waghre, policy director at the Internet Freedom Foundation, a digital rights nonprofit in India. “Essentially, they’re often held together by cello tape or chewing gum.”
Peiter “Mudge” Zatko, who served as Twitter’s security chief until he was fired early this year, filed the complaints last month with federal U.S. authorities, alleging that the company misled regulators about its poor cybersecurity defenses and its negligence in attempting to root out fake accounts that spread disinformation. Among Zatko’s most serious accusations is that Twitter violated the terms of a 2011 FTC settlement by falsely claiming that it had put stronger measures in place to protect the security and privacy of its users.
Waghre said the allegations in the complaint about India — that Twitter knowingly allowed the Indian government to place its agents on the company payroll where they had “direct unsupervised access to the company’s systems and user data” — were particularly worrisome. He also pointed to an incident earlier this month where a former Twitter employee was found guilty of passing along sensitive user data to royal family members in Saudi Arabia in exchange for bribes.
The consequences of privacy and security lapses can range from inconvenience and embarrassment — such as when an Indiana State Police account was hacked and tweeted “poo-poo head” earlier this year — to much worse. In October 2021, a Saudi humanitarian aid worker was sentenced to 20 years in prison because of an anonymous, satirical Twitter account that the kingdom says he ran. It’s possible that the case is linked with the men accused of spying on behalf of the kingdom while working at Twitter.
As an advocate for dissidents and others detained in Saudi Arabia, Bethany Al-Haidari has been concerned for years about Twitter’s user privacy safeguards. The new whistleblower allegations make her all the more worried.
“Given what we know about how social media is used around the world, that is incredibly problematic,” said Al-Haidari, who works for The Freedom Initiative, a U.S.-based human rights group. The possibility of hackers or governments exploiting the alleged cybersecurity lapses at Twitter to get users’ identities, private messages or other personal information “is quite disturbing to me,” she said.
Chinese-Australian artist and activist Badiucao, who regularly publishes art that criticizes the Chinese Communist Party, expressed concern about the whistleblower’s allegations, noting that many users provide their phone numbers and emails to Twitter.
“Once that personal information is leaked, it could be used to trace your identity,” he said. Badiucao said he regularly receives death threats and propaganda from what appears to be bot or spam accounts.
But the artist plans to keep using Twitter, saying it’s probably the best option Chinese-speaking activists and artists have for a “shelter for free speech.”
Twitter says the whistleblower claims present a “false narrative” about the company and its privacy and data security practices, and that the claims lack context. “Security and privacy have long been company-wide priorities at Twitter and will continue to be,” the company said in a statement.
Despite the heightened concerns sparked by Zatko’s claims, none of the groups The Associated Press spoke to this week plan to stop using Twitter. Security experts say while the whistleblower’s claims are alarming, there’s no reason for individual users to delete their accounts.
High-profile Twitter users and world governments may be at greater risk than average users, experts say. In 2020, for instance, Twitter suffered an embarrassing hack by a teenager who accessed the accounts of then-President Barack Obama, Joe Biden, Mike Bloomberg and a number of tech billionaires including Tesla CEO Elon Musk and Amazon founder Jeff Bezos. Musk is currently embroiled in a battle with Twitter as he tries to back out of a $44 billion deal to buy the company.
Yet another security incident raised alarms for Jennifer Grygiel, a Syracuse University communications professor who follows Twitter closely. In 2017, a Twitter customer support worker deactivated then-President Donald Trump’s account for a few minutes during their last day on the job. While the account was restored quickly, Grygiel said, the incident showed how vulnerable Twitter was when it comes to governments, heads of state and military branches that use the platform.
“Am I surprised and shocked by the whistleblower’s allegations? I’m not,” said Trav Robertson, chair of the South Carolina Democratic Party, which uses Twitter to communicate with about 18,700 followers. But he argues that it’s especially important for people not to assume that “the constant attacks on our emails, our databases, our Twitter accounts, our Facebooks” are the new normal. “When we become desensitized to it, we fail to be proactive,” he said.
At the City of Denver’s fire department, public information officer JD Chism acknowledges concern over security issues. But the department has to weight that risk against the way Twitter has become integral to communicating emergencies to the public. The department’s Twitter feed hosts real-time updates on fires and consequent road closures and injuries, alongside retweets from other agencies warning of dangers such as flash floods.
For now, the department will keep using Twitter as it always has, Chism said, “It’s good for taking care of people, and that’s what we are here for.”
—
Associated Press Writers Krutika Pathi in New Delhi; Jesse Bedayn in Denver; Jennifer Peltz in New York; James Pollard in South Carolina; Zen Soo in Hong Kong; Margaret Stafford in Kansas City; Russ Bynum in Savannah, Georgia; Jay Reeves in Birmingham, Alabama; Amy Taxin in Orange County, California; Rebecca Santana in New Orleans; Jonathan Mattise in Nashville, Tennessee; and Michael Goldberg in Jackson, Mississippi, contributed to this story. | https://who13.com/business/ap-business/ap-tape-or-chewing-gum-twitters-lapses-echo-worldwide/ | 2022-08-29T11:57:37Z | https://who13.com/business/ap-business/ap-tape-or-chewing-gum-twitters-lapses-echo-worldwide/ | false |
LAS VEGAS (AP) — The Seattle Storm are the lowest remaining seed in the postseason and came in looking to steal at least one of the first two road games against the top-seeded Las Vegas Aces in the WNBA semifinals.
Mission accomplished.
Jewell Loyd scored 26 points, including Seattle’s final six, and the Storm edged the Aces 76-73 on Sunday to take a 1-0 lead in the best-of-five series in front of a Las Vegas playoff-record crowd of 9,944.
Loyd made a go-ahead free throw with 1:16 to play, then a jumper for a three-point lead with 34 seconds remaining before the Storm held on for the win. She had 10 of Seattle’s 16 points in the fourth quarter.
“It wasn’t just me, it was a team effort for sure,” Loyd said. “It helps when you have really good teammates … you believe in them, they believe in you. That’s the biggest thing for us, is that each of us have to stay confident in what we do and what we can bring to the team. That’s been the key for us.”
Associated Press MVP Breanna Stewart had 24 points and six rebounds for the fourth-seeded Storm, while Tina Charles added 13 points and franchise playoff-record 18 rebounds.
“We knew that this was going to be tough. These games against Vegas have been tough all regular season and previous seasons, and we have a lot of respect for their players and what they do,” Stewart said. “We knew that coming here to their home court, we wanted to obviously try to steal one, we wanted to get one and get our momentum going in the right direction.”
Chelsea Gray scored 21 points for the Aces. Kelsey Plum added 20, but missed a tying 3-point attempt with 2.9 seconds to play.
Jackie Young finished with 11 points but Aces star A’ja Wilson was held to just eight on 3-of-10 shooting.
Seattle controlled much of the game, leading through the first 3 1/2 quarters after building a 12-point lead in the first half.
Las Vegas didn’t enjoy its first lead until the fourth quarter, when veteran guard Riquna Williams’ 3-pointer from the corner made it 65-64 with 6:09 left.
The Storm wasted no time in attacking early, as they built a 15-4 lead midway through the first quarter. Seattle got balanced scoring, with five players contributing, including Ezi Magbegor coming off the bench to add four.
Las Vegas struggled to find any sort of rhythm, as a pop-and-shot approach left them with a paltry 5-of-18 (27.8%) shooting performance in the first quarter. Both Wilson and Plum went scoreless while the Storm held a 26-15 lead after one.
“I thought we played tight, especially in the first quarter,” Aces coach Becky Hammon said. “We played like the world was on our shoulders.”
The Aces responded with a much better defensive effort and seemed to be much more comfortable attacking the rim to climb back into the game.
Led by Wilson, the Aces used a 12-4 run to cut Seattle’s lead to 30-27. Stewart took over from that point, scoring nine of her team’s points during a quarter-ending 13-9 run to send the Storm into the locker room with a 43-36 halftime lead.
BROKEN RECORD
In addition to Charles’ record-breaking night, retiring Sue Bird had 12 assists and no turnovers. Her final assist gave her a WNBA-record 342 in the playoffs. Lindsay Whalen had 341 in 82 games. Bird broke the record in 57.
NOT SO FAST, VEGAS
Taking a page out of the Aces’ playbook, the Storm outscored Las Vegas 16-0 in fast-break points. Seattle also held the edge with second-chance points, 5-0.
GUCCI ROW
The stars came out for the series opener, joining Aces owner Mark Davis and Raiders tight end Darren Waller, fixtures at home games all season. Also in attendance were women’s basketball Hall of Famer Ann Meyers Drysdale, Raiders coach Josh McDaniels, Los Angeles Clippers coach Ty Lue, Trail Blazers guard Damian Lillard, UFC president Dana White, Golden Knights goalie Logan Thompson, and Governor Steve Sisolak.
UP NEXT:
The Storm and Aces play Game 2 in Las Vegas on Wednesday.
___
More WNBA playoffs: https://apnews.com/hub/wnba-playoffs and https://twitter.com/AP_Sports | https://who13.com/sports/ap-sports/ap-lloyd-has-26-sends-storm-over-aces-in-wnba-semis-opener/ | 2022-08-29T12:02:18Z | https://who13.com/sports/ap-sports/ap-lloyd-has-26-sends-storm-over-aces-in-wnba-semis-opener/ | false |
LAS VEGAS (AP) — The Seattle Storm are the lowest remaining seed in the postseason and came in looking to steal at least one of the first two road games against the top-seeded Las Vegas Aces in the WNBA semifinals.
Mission accomplished.
Jewell Loyd scored 26 points, including Seattle’s final six, and the Storm edged the Aces 76-73 on Sunday to take a 1-0 lead in the best-of-five series in front of a Las Vegas playoff-record crowd of 9,944.
Loyd made a go-ahead free throw with 1:16 to play, then a jumper for a three-point lead with 34 seconds remaining before the Storm held on for the win. She had 10 of Seattle’s 16 points in the fourth quarter.
“It wasn’t just me, it was a team effort for sure,” Loyd said. “It helps when you have really good teammates … you believe in them, they believe in you. That’s the biggest thing for us, is that each of us have to stay confident in what we do and what we can bring to the team. That’s been the key for us.”
Associated Press MVP Breanna Stewart had 24 points and six rebounds for the fourth-seeded Storm, while Tina Charles added 13 points and franchise playoff-record 18 rebounds.
“We knew that this was going to be tough. These games against Vegas have been tough all regular season and previous seasons, and we have a lot of respect for their players and what they do,” Stewart said. “We knew that coming here to their home court, we wanted to obviously try to steal one, we wanted to get one and get our momentum going in the right direction.”
Chelsea Gray scored 21 points for the Aces. Kelsey Plum added 20, but missed a tying 3-point attempt with 2.9 seconds to play.
Jackie Young finished with 11 points but Aces star A’ja Wilson was held to just eight on 3-of-10 shooting.
Seattle controlled much of the game, leading through the first 3 1/2 quarters after building a 12-point lead in the first half.
Las Vegas didn’t enjoy its first lead until the fourth quarter, when veteran guard Riquna Williams’ 3-pointer from the corner made it 65-64 with 6:09 left.
The Storm wasted no time in attacking early, as they built a 15-4 lead midway through the first quarter. Seattle got balanced scoring, with five players contributing, including Ezi Magbegor coming off the bench to add four.
Las Vegas struggled to find any sort of rhythm, as a pop-and-shot approach left them with a paltry 5-of-18 (27.8%) shooting performance in the first quarter. Both Wilson and Plum went scoreless while the Storm held a 26-15 lead after one.
“I thought we played tight, especially in the first quarter,” Aces coach Becky Hammon said. “We played like the world was on our shoulders.”
The Aces responded with a much better defensive effort and seemed to be much more comfortable attacking the rim to climb back into the game.
Led by Wilson, the Aces used a 12-4 run to cut Seattle’s lead to 30-27. Stewart took over from that point, scoring nine of her team’s points during a quarter-ending 13-9 run to send the Storm into the locker room with a 43-36 halftime lead.
BROKEN RECORD
In addition to Charles’ record-breaking night, retiring Sue Bird had 12 assists and no turnovers. Her final assist gave her a WNBA-record 342 in the playoffs. Lindsay Whalen had 341 in 82 games. Bird broke the record in 57.
NOT SO FAST, VEGAS
Taking a page out of the Aces’ playbook, the Storm outscored Las Vegas 16-0 in fast-break points. Seattle also held the edge with second-chance points, 5-0.
GUCCI ROW
The stars came out for the series opener, joining Aces owner Mark Davis and Raiders tight end Darren Waller, fixtures at home games all season. Also in attendance were women’s basketball Hall of Famer Ann Meyers Drysdale, Raiders coach Josh McDaniels, Los Angeles Clippers coach Ty Lue, Trail Blazers guard Damian Lillard, UFC president Dana White, Golden Knights goalie Logan Thompson, and Governor Steve Sisolak.
UP NEXT:
The Storm and Aces play Game 2 in Las Vegas on Wednesday.
___
More WNBA playoffs: https://apnews.com/hub/wnba-playoffs and https://twitter.com/AP_Sports | https://www.pahomepage.com/sports/ap-lloyd-has-26-sends-storm-over-aces-in-wnba-semis-opener/ | 2022-08-29T12:03:06Z | https://www.pahomepage.com/sports/ap-lloyd-has-26-sends-storm-over-aces-in-wnba-semis-opener/ | true |
Yael Langer Has Decided to Resign from the Board at the Company's 2022 Annual General Meeting of Shareholders
Upon the Election of Ms. Makov, Four of the Company's Five Independent Directors Will Have Been Added Since July 2021
ROSH HA'AYIN, Israel, Aug. 29, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon" or the "Company"), the global innovator and leading solutions provider of 5G wireless transport, today announced that director Yael Langer has decided to resign from her position as a member of the Board, in effect as of the Company's 2022 Annual General Meeting of Shareholders ("AGM"), which will take place on October 3, 2022. As part of the Company's ongoing director refreshment efforts, the Nomination Committee and Board have nominated Efrat Makov to stand for election as an independent director at the Company's 2022 AGM. If elected, Ms. Makov will serve the remainder of Ms. Langer's three-year term ending on the date of the 2024 Annual General Meeting. With the addition of Ms. Makov, the Ceragon Board will continue to be comprised of seven directors, of which five will be considered independent and four will have been added since the 2021 AGM.
"On behalf of the Board and management team, we would like to thank Yael for her many contributions and guidance during her tenure with the Company," said Zohar Zisapel, Chairman of Ceragon Board of Directors. "As a director, Yael has been an instrumental contributor of legal and corporate governance expertise and a strong steward of shareholder interests during her tenure on the Ceragon Board. We wish her the very best in her future endeavors."
Ms. Langer commented, "I am grateful for the opportunity to have served Ceragon shareholders as a director. In that time, the Company has experienced significant transformation, and we have reconstituted the Board with a number of new independent directors, which I believe will position the Company to capitalize on the next era of growth."
"We are pleased to nominate Efrat Makov for election to the Ceragon Board," continued Mr. Zisapel. "We conducted a comprehensive search aided by an independent search firm for industry leaders with the experience and expertise to help accelerate Ceragon's strategy. Ms. Makov will bring valuable and highly relevant industry knowledge and experience that will help us create more shareholder value by executing our strategic plan driving profitable growth, as well as exploring other strategic alternatives as applicable. We believe the Board will benefit from Efrat's extensive strategic, financial and public board experience including in the telecommunications sector. We are confident that our Board will benefit from her fresh perspectives and look forward to working closely with her as Ceragon builds on its momentum."
"I would like to thank Yael for her years of contribution to Ceragon's Board," added Doron Arazi, Ceragon's CEO. "We believe the addition of Ms. Makov will further help strengthen Ceragon's position as a global innovator and leader in best-of-breed solutions for 5G wireless transport and will allow us to pursue more ideas and opportunities to maximize value for our shareholders."
Ms. Makov commented, "I am honored to have this opportunity to serve on the Board and leverage my experience to accelerate Ceragon's strategic plan. I look forward to the chance to support Ceragon as it continues to execute on its strategy and generate superior shareholder value. Together, I am confident that we can further strengthen the Company's global position in an attempt to maximize value for shareholders."
The Company's 2022 AGM is scheduled to take place on October 3, 2022. The Company will separately file proxy materials with the Securities and Exchange Commission ("SEC") in connection with the 2022 AGM.
About Efrat Makov
Efrat Makov has extensive telecom and public company director experience. Ms. Makov is currently serving as a director of Allot ltd., iSPAC 1 Ltd. and B Communications Ltd. Ms. Makov previously served as a director of BioLight Life Sciences Ltd.; Kamada Ltd.; and Anchiano Therapeutics Ltd. Previously, she served as the CFO of Alvarion, an Israeli-based global provider of autonomous wi-fi networks, and as the CFO of Aladdin Knowledge Systems. Formerly, she served as Vice President of Finance at Check Point Software Technologies. Earlier in her career, she spent seven years in public accounting with Arthur Andersen LLP in its New York, London and Tel Aviv offices. Ms. Makov holds a B.A. degree in accounting and economics from Tel Aviv University and is a Certified Public Accountant in Israel and the United States.
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.
Ceragon Investor & Media Contact:
Maya Lustig
Ceragon Networks
Tel. +972-54-677-8100
mayal@ceragon.com
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NEW YORK, Aug. 29, 2022 /PRNewswire/ -- HistoryDAO, in development since the fall of 2021, has steadily grown its investment capital to over $1M while building the fundamental infrastructure for bonding moments in history through non-fungible tokens. The goal is a way to record history with the input of those who experience it.
NFTs are here to stay, literally and figuratively. In the literal sense, they are famously indelible. So long as the Internet exists, any NFT on a bonafide blockchain, such as Ethereum, Binance Smart Chain, and Polygon, remains indestructible and unalterable. In the figurative sense, humanity will be forever compelled by this fact. NFTs may rise and fall in popularity, but essential work on the fundamental powers of NFTs will never cease. The social and economic role of NFTs in the world will continually develop.
History will forever be recorded. The difference now is that it can be recorded indelibly on blockchain networks in the form of NFTs. This is an opportunity to get closer to the truth by rewarding those who speak up and engage the discussion while putting it out of the reach of censors and powerful centralized interests. Once an NFT is minted, it can't be unminted.
HistoryDAO is building a platform to leverage this unique property of NFTs and combine it with the decentralized consensus mechanisms of blockchains, which can be applied to form "decentralized autonomous organizations," or DAOs. Thanks to decentralized consensus, DAOs can form governance structures that avoid critical concentrations of power.
DAO community governance can nurture connections between people in the form of uncensored talks, salons, and discussions. Such are the origins of modern universities, which trace their ancestry to the time of Plato.
The world is full of "alternative facts," and it's nothing new. There has never been uniform agreement on anything. What's new may be the unprecedented effort on the part of various institutions and media to separate true from false, through fact checking and censorship. The issue is worthy of the world's attention.
High profile news coverage and buyout battles have brought unprecedented awareness to the issue most recently. But epic contests for control are symptoms of a broken system that cannot repair itself from within. The solution is not about who owns the platform. The solution is about whether platforms should be centrally owned at all.
HistoryDAO's answer is that they should not, and we're using the power blockchain and NFTs to undo and reverse the trend of centralization and consolidation in public discourse.
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SOURCE Historydao | https://www.dakotanewsnow.com/prnewswire/2022/08/29/historydao-declares-new-era-peoples-history-w-1m-investment-nfts-are-power-people/ | 2022-08-29T12:05:03Z | https://www.dakotanewsnow.com/prnewswire/2022/08/29/historydao-declares-new-era-peoples-history-w-1m-investment-nfts-are-power-people/ | true |
AZOUR, Israel, Aug. 29, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.14 per share, totaling approximately US$3 million. The dividend will be paid to shareholders of record as of September 29, 2022. The Company will pay the dividend out on October 13, 2022 net of taxes at the rate of 25%.
In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law. The Board of Directors concluded that the abovementioned distribution will not undermine the Company's ability to keep performing in its current course of business or future plans, and is able to meet its undertakings when due.
Retained earnings as of June 30, 2022, prior to the distribution was US$155.0 million and retained earnings will reach US$152.0 million after the distribution. The Board of Directors emphasized that as of June 30, 2022, the Company had a cash balance in hand of US$32.7 million (this amount is prior to the payment of a dividend of US$3 million which was issued for the first quarter 2022 and was paid out in July 2022). The Company also had long-term loan of US$3.9 million and credit from banking institutions of US$16.2 million. As of June 30, 2022, the Company's current assets (excluding cash and cash equivalents) were in the sum of US$118.1 million and current liabilities were in the sum of US$95.8 million.
About Ituran
Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security for the retail, insurance industry and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology.
Ituran's subscriber base has been growing significantly since the Company's inception to approaching 2 million subscribers using its location based services with a market leading position in Israel and Latin America. Established in 1995, Ituran has approximately 3,000 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.
For more information, please visit Ituran's website, at: www.ituran.com
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SOURCE Ituran Location and Control Ltd. | https://www.wymt.com/prnewswire/2022/08/29/ituran-location-control-ltd-announces-distribution-3-million-dividend/ | 2022-08-29T12:07:39Z | https://www.wymt.com/prnewswire/2022/08/29/ituran-location-control-ltd-announces-distribution-3-million-dividend/ | false |
WARSAW, Ind., Aug. 29, 2022 /PRNewswire/ -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, today announced that members of the Executive Management Team will be presenting at the Morgan Stanley 20th Annual Global Healthcare Conference on Monday, September 12, 2022, at 10:30 a.m. Eastern Time and at the J.P. Morgan 13th Annual U.S. All Stars Conference on Tuesday, September 20, 2022, at 14:00 British Summer Time (9:00 a.m. Eastern Time).
A live webcast of the presentations can be accessed via Zimmer Biomet's Investor Relations website at https://investor.zimmerbiomet.com. The webcasts will be archived for replay following the conference.
About Zimmer Biomet
Zimmer Biomet is a global medical technology leader with a comprehensive portfolio designed to maximize mobility and improve health. We seamlessly transform the patient experience through our innovative products and suite of integrated digital and robotic technologies that leverage data, data analytics and artificial intelligence.
With 90+ years of trusted leadership and proven expertise, Zimmer Biomet is positioned to deliver the highest quality solutions to patients and providers. Our legacy continues to come to life today through our progressive culture of evolution and innovation.
For more information about our product portfolio, our operations in 25+ countries and sales in 100+ countries or about joining our team, visit www.zimmerbiomet.com or follow Zimmer Biomet on Twitter at www.twitter.com/zimmerbiomet.
ZBH-Con
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SOURCE Zimmer Biomet Holdings, Inc. | https://www.valleynewslive.com/prnewswire/2022/08/29/zimmer-biomet-present-morgan-stanley-20th-annual-global-healthcare-conference-jp-morgan-13th-annual-us-all-stars-conference/ | 2022-08-29T12:11:09Z | https://www.valleynewslive.com/prnewswire/2022/08/29/zimmer-biomet-present-morgan-stanley-20th-annual-global-healthcare-conference-jp-morgan-13th-annual-us-all-stars-conference/ | true |
Three-day online auction attracted 11,290+ bidders from 50+ countries to compete for 4,980+ items
HOUSTON, Aug. 29, 2022 /PRNewswire/ - In its fourth Houston auction of the year, Ritchie Bros. sold more than 4,980 equipment items for 675 consignors, generating US$54+ million in gross transaction value.
"Another strong Houston auction with a ton of customers visiting the site ahead of the event to inspect and compare items prior to bidding online," said Chuck Roberson, Regional Sales Manager, Ritchie Bros. "We had a great package of late-model Cat equipment in this auction that attracted a lot of attention and some solid pricing, including a 2019 Caterpillar 349FL hydraulic excavator that sold for US$260,000 and a 2021 Cat 950GC wheel loader that sold for US$200,000."
The three-day online event on August 23 – 25 attracted more than 11,290 bidders from 53 countries. Approximately 89 percent of the equipment in the unreserved auction was sold to U.S. buyers, including 47 percent sold to Texans. The remaining 11 percent of the equipment was sold to international buyers from as far away as Germany, Australia, and Singapore.
Mr. Roberson added, "For customers who were unable to procure items in Houston, we have more than 70,000+ items selling in our upcoming auctions and online marketplaces, including a Fort Worth sale on September 20 to 22 that will feature a great selection of oil & gas-related equipment, with a dedicated RB Energy Day during the event. We also have items selling every day on Marketplace-E and weekly through IronPlanet. I encourage you to visit RitchieBros.com and start searching today!"
- 2000 Grove GMK6200 200-ton all-terrain crane – US$340,000
- 2018 Cat 140M3 motor grader – US$295,000
- 2018 Caterpillar D6T XW dozer – US$240,000
- 2020 Vermeer D23X30III directional drill – US$225,000
- 2016 Volvo EC160EL hydraulic excavator – US$212,500
- Gross Transaction Value: US$54+ million
- Items Sold: 4,980+
- Bidders: 11,290+
- Consignors: 675
Established in 1958, Ritchie Bros. (NYSE: RBA) (TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie List, a self-serve listing service for North America; Mascus, a leading European online equipment listing service; Ritchie Bros. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Ritchie Bros. Energy. The Company's suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; plus equipment financing and leasing through Ritchie Bros. Financial Services. For more information about Ritchie Bros., visit RitchieBros.com.
Photos and video for embedding in media stories are available at rbauction.com/media.
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SOURCE Ritchie Bros. | https://www.wkyt.com/prnewswire/2022/08/29/ritchie-bros-sells-us54-million-equipment-august-houston-auction/ | 2022-08-29T12:14:44Z | https://www.wkyt.com/prnewswire/2022/08/29/ritchie-bros-sells-us54-million-equipment-august-houston-auction/ | true |
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KYIV (AP) — The U.N. nuclear watchdog on Monday injected a ray of hope in the standoff over the Zaporizhzhia atomic power plant at the heart of fighting in Ukraine by announcing that its mission of top experts “is now on its way” to the facility even as renewed shelling in the area highlighted fears of a catastrophe.
And even if both Ukraine and Russia welcomed the mission, both sides continued to accuse each other of stoking the conflict by shelling the wider region around the plant. Neither side’s claims can be independently verified.
International Atomic Energy Agency Director-General Rafael Grossi has for months sought access to the Zaporizhzhia plant, Europe’s biggest, which has been occupied by Russian forces and run by Ukrainian workers since the early days of the 6-month-old war.
His announcement came as Ukraine accused Russia of new rocket and artillery strikes at or near the plant, intensifying fears that the fighting could cause a massive radiation leak. The facility, which has six reactors, was already temporarily knocked offline under the barrage of shelling last week.
“The day has come,” Grossi tweeted, adding that the Vienna-based IAEA’s “Support and Assistance Mission ... is now on its way.” It is slated to arrive later this week. Grossi didn’t provide a more precise timeline or give further details beyond posting a picture of himself with 13 other experts.
Ukraine has alleged that Russia is essentially holding the plant hostage, storing weapons there and launching attacks from around it, while Moscow accuses Ukraine of recklessly firing on the facility.
On Monday, Ukraine reported shelling in Nikopol, the city across the Dnieper river from the nuclear power plant, and said one person was killed and five others were wounded. In Enerhodar, just a few kilometers from the plant, the city’s Ukrainian mayor, Dmytro Orlov, blamed Russian shelling for injuries to at least 10 residents.
“Apparently, (the Russians) have rehearsed their scenario ahead of the arrival of the IAEA mission,” Orlov said on Telegram.
The U.N. agency tweeted that the mission would assess physical damage to the facility, “determine functionality of safety & security systems” and evaluate staff conditions, among other things.
Ukrainian Foreign Minister Dmytro Kuleba said that it is “without an exaggeration, this mission will be the hardest in the history of IAEA."
“We expect from the mission a clear statement of facts, of violation of all nuclear, of nuclear safety protocols. We know that Russia is putting not only Ukraine, but also the entire world at threat at the risk of nuclear accident," Kuleba said in Stockholm.
In Moscow, Kremlin spokesman Dmitry Peskov accused Ukraine of shelling in and around the plant.
“We believe that all countries must raise pressure on the Ukrainian side to force it to stop threatening the European continent by shelling the territory of the Zaporizhzhia nuclear power plant and surrounding areas,” he said.
Peskov noted that Russia will ensure security of the IAEA mission “in view of the constant threats linked to the relentless shelling by the Ukrainian side.”
Ukraine’s atomic energy agency has painted an ominous picture of the threat by issuing a map forecasting where radiation could spread from the Zaporizhzhia plant, which Russian forces have controlled since soon after the war began.
Attacks were also reported over the weekend both in Russian-controlled territory adjacent to the plant along the left bank of the Dnieper River and along the Ukraine-controlled right bank, including the cities of Nikopol and Marhanets, each about 10 kilometers (six miles) from the facility.
Russian Defense Ministry spokesman Igor Konashenkov said Sunday that Ukrainian forces had attacked the plant twice over the past day, and that shells fell near buildings storing reactor fuel and radioactive waste.
“One projectile fell in the area of the sixth power unit, and the other five in front of the sixth unit pumping station, which provides cooling for this reactor,” Konashenkov said, adding that radiation levels were normal. It wasn't possible to independently verify the accusations.
The IAEA reported Sunday that radiation levels were normal; two of the Zaporizhzhia plant’s six reactors were operating and that while no complete assessment had yet been made, recent fighting had damaged a water pipeline that has been repaired since.
But in a war now in its seventh month, Monday's solitary piece of good news could hardly break the overall gloom that darkens everything from front-line villages to global food supplies and the world economy.
The highest number of casualties -- eight civilians killed and seven wounded -- over the past 24 hours was reported in the eastern Donetsk region. The Russian forces carried out strikes on the cities of Sloviansk and Kostyantynivka overnight and Ukrainian governor of the region, Pavlo Kyrylenko, urged the remaining residents to evacuate immediately.
Kharkiv, Ukraine’s second-largest city, was hit with cluster munitions on Monday morning, regional governor Oleh Syniehubov reported.
Ukraine’s presidential office also reported heavy fighting and multiple Ukrainian strikes in the southern Kherson region, most of which is occupied by the Russians. Ukrainian forces have recently been carrying out strikes on ammunition depots and Russian military positions there.
___
Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine | https://www.ourmidland.com/business/article/IAEA-chief-says-mission-to-big-Ukraine-nuclear-17404208.php | 2022-08-29T12:19:09Z | https://www.ourmidland.com/business/article/IAEA-chief-says-mission-to-big-Ukraine-nuclear-17404208.php | true |
Pre-Feasibility Study Delivers Robust Economics before Accounting for Tax Credits Enacted by the U.S. Inflation Reduction Act of 2022, Expected to Improve Post-tax Results
Projected Commercial Scale Anode Material Production for U.S. Battery Market Using Alaska Graphite
VANCOUVER, BC, Aug. 29, 2022 /PRNewswire/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) ("Graphite One" or the "Company"), is pleased to announce the results of its Pre-Feasibility Study of the Graphite One Project.
- Parallel strategy to simultaneously develop a commercial scale battery anode materials manufacturing facility in Washington State and the Graphite Creek Mine in Alaska. Manufacturing would begin with purchased materials until Alaska production is available.
- Pre-tax internal rate of return of 26.0%, using an 8% discount rate, with a net present value of $1.93 billion and a payback period of 4.6 years.
- Post-tax internal rate of return of 22.0%, using an 8% discount rate, with net present value of $1.36 billion and a payback period of 5.1 years, before accounting for tax credits enacted by the U.S. Inflation Reduction Act of 2022, effective December 31, 2022.
- Measured plus Indicated resources increased 197% over 2019 results. Inferred resources increased 177%.
The Preliminary Feasibility Study ("PFS") of the Graphite One Project was prepared by JDS Energy & Mining Inc. with assistance from various independent technical consultants.
The Graphite One Project (the "Project") is planned as an integrated business operation to produce lithium ion battery anode materials and other graphite products for the U.S domestic market on a commercial scale using primarily natural graphite from Alaska. The Project combines the operation of an advanced graphite manufacturing facility to be located in Washington State (the "STP") with the supply of natural flake graphite from the Company's proposed Graphite Creek Mine in Alaska (the "Mine"). The resources associated with the Company's Alaska State mining claims were cited by the U.S. Geological Survey in January 2022 as America's largest natural graphite deposit1.
The Company anticipates that there will be a business opportunity presented by the projected strong U.S. demand for anode materials beginning in this decade and the time required to permit and construct a mine, the PFS plans the parallel design, permitting and construction of the STP and the Mine. Permitting and construction of the STP is estimated to take 3 years. The STP would operate during the first four years by processing purchased graphite. The Mine would begin production in the third year of STP operation and begin supplying graphite to the STP in its fourth year of operation. By the fifth year, it is anticipated that Alaska graphite would supply 100% of the STP's planned natural graphite requirement at full capacity. If the Mine begins production sooner, purchased graphite would be reduced accordingly.
Table 1 presents a summary of the economic results of the PFS.
Table 1: Summary of PFS Economic Results
The U.S. tax regime for producers of critical minerals and battery components changed August 16, 2022 (see below). The Project's post-tax internal rate of return without inclusion of these changes, is 22.0%, using an 8% discount rate, with a net present value of $1.36 billion and a payback period of 5.1 years.
On August 16, 2022, the United States enacted the Inflation Reduction Act of 2022 (the "Act") which instituted, among other things2:
- A tax credit to producers in the U.S. of anode materials equal to 10 percent of the costs incurred with respect to the production of anode materials commencing December 31, 2022 and reducing to 75%, 50%, 25%, and 0% in 2030, 2031, 2032 and thereafter, respectively.
- A tax credit equal to 10 percent of the costs incurred with respect to production of graphite purified to a minimum purity of 99.9 percent graphitic carbon by mass ("Purified Graphite") – the phase out provisions in 1 specifically do not apply.
- Only production in the United States qualifies for the tax credit.
Graphite One's production is expected to qualify under the Act for tax credits in both categories as it plans to produce both anode materials and Purified Graphite in the United States, as defined in the Act. The Company will evaluate the Act's impact on the PFS economics and announce the results when available. The impact is expected to improve the post-tax results.
Based on the PFS's updated graphite resource estimate, the Mine's life for the purposes of the PFS is 23 years. The PFS assumes the STP's operational life is 26 years based on its startup with purchased graphite and continued operation with graphite from the Mine.
On average over its life, the STP would produce about 75,000 tonnes per year of products. About 49,600 tpy would be anode materials, 7,400 tpy purified graphite products, and 18,000 tpy of unpurified graphite products. The anode materials are comprised of four products:
- CPN: Coated, spherical natural graphite;
- BAN: Blended natural and artificial graphites;
- SPN: Secondary particle natural graphite; and,
- SPC: Secondary particle composite.
Based on the PFS assumptions, the average price of all products over the STP's life is $7,301 per tonne. Product forecasts and prices have been developed based on numerous graphite market reports commissioned by or purchased by the Company, combined with the Company's internal information. The long-term market forecast used is based on Wood Mackenzie Limited's Graphite Market 2021 Outlook to 2050, updated by its Global Graphite Market Strategic Planning Outlook – Q2 2022. Purchased graphite prices have been supported by non-binding indications of supply from current producers.
The estimated initial capital and sustaining capital costs with their respective contingencies are summarized in Table 1. Also presented are the average annual production costs for the life of the Project on both the basis of annual totals and costs per tonne of production.
The STP is designed to produce lithium ion battery anode materials on a commercial scale for the U.S. domestic market using natural graphite from Alaska as soon as it is available. At full capacity, it requires about 34.5 hectares (85 acres) of land, consists of 17 buildings, and would annually produce about 77,000 tonnes of manufactured graphite products. The products are grouped into battery anode materials, specialty purified graphite products, and traditional unpurified graphite products. The products are manufactured from natural graphite concentrate, artificial graphite precursors, coke and pitch. Key components of the manufacturing process are the purification of natural graphite and graphitization of artificial graphite precursors in high temperature, electrically heated furnaces. The STP's preferred location is in Washington State to access both its relatively lower power rates from hydro generated electricity and its skilled workforce.
Permitting and construction of the STP, once its design is finalized, is expected to take three years. The STP would be constructed in two phases, each with almost identical equipment and production capacity. An exception is that Phase 2 has three furnace lines, Phase 1 has two. Phase 1 is assumed to operate at 90% capacity for the first year to allow for start up adjustments. Thereafter it would operate at full capacity. Phase 2 would come on stream in Year 2 and the STP would operate at full capacity.
The STP, at full capacity (Table 2), is designed to produce 51,167 tpy of anode materials for the electric vehicle and energy storage battery markets; 7,585 tpy of purified, sized material for the speciality graphite market; and 18,622 tpy for the unpurified, traditional graphite market. Total annual production would be 77,374 tonnes based on the expected annual production capacity. The average annual production over 26 years in the PFS is 75,026 tonnes.
Table 2: STP Products and Prices
The Mine would produce an average of 51,813 tonnes per year of graphite concentrate for the projected 23-year mine life. The deposit would be mined with conventional open pit mining methods including drilling, blasting, loading, and hauling. The strip ratio in the PFS plan is 2.2:1 with an ore cut-off grade of 2.0% graphitic carbon and an average head grade of 5.6% graphitic carbon. The pit would be mined in six phases over a period of 24 years. One year of pre-stripping would occur prior to the start-up of the process facility. Ore will be hauled to a process facility which would be built adjacent to the pit. Run of mine waste would be comingled with dewatered process tails and placed in waste dumps.
The process facility would process an average of 2,860 tpd for 365 days per year. The flowsheet design is based on metallurgical test work conducted at SGS Canada Inc.'s facilities at Lakefield, Ontario. The flowsheet consists of a jaw crusher that feeds a semiautogenous grinding circuit. After grinding, the ore is subjected to a series of seven flotation/regrind steps. The flotation/regrind steps are designed to recover the graphite at its largest possible flake size while still maintaining a concentrate with a graphitic carbon grade of greater than 95%. The graphite concentrate would be filtered and dried on site. The dried concentrate would be bagged and shipped by barge from Nome, Alaska to the STP in Washington during the annual shipping season. The tails from the flotation circuit would be dewatered, comingled with the waste rock, and placed in a lined waste storage facility. Any drainage from the lined waste storage facility would be treated through a water treatment plant prior to discharge.
The risks and uncertainties identified for the Project are generally described in the Company's quarterly Management's Discussion and Analysis statements3. These cover the Project's financial, mining, processing, operating, market, and regulatory risks, all of which are common with similar projects.
Other identifiable risks and uncertainties specific to the Project include:
- Purchase of market graphite in advance of receiving Alaska graphite: While there is no certainty that the Company will be successful in purchasing graphite prior to receiving production from the Mine in the quantities and pricing projected in the PFS, based on industry forecasts and preliminary inquiries, the Company believes this is achievable. It is recommended that the Company begin contracting for this supply as soon as possible.
- STP's advanced processing technologies: In April 2022, the Company announced its MOU with Sunrise (Guizhou) New Energy Material Co., Ltd. ("Sunrise")4. The intent is for the parties to develop an agreement to share expertise and technology for the design, construction, and operation of the STP. There is no guarantee that the agreement will be finalized. The MOU's term was recently extended and Sunrise is in the process of preparing anode materials for sample purposes from Graphite Creek concentrate produced from graphite recovered during exploration.
- STP site selection: The STP's site has not been finalized. The Company, working with the Washington State Department of Commerce, identified several potential locations. For the purposes of the PFS, a location in Lewis County was assumed. Site selection is to be finalized as soon as possible.
- Availability of capital: For the Project presented in the PFS to be realized, the Company must acquire the required capital in a timely manner. There is no certainty that this is achievable. The Company is encouraged by the support of its investors to date and believes the recent enactment of the Inflation Reduction Act of 2022 provides investors with additional incentive to support the industry.
The Graphite Creek property (the "Property") is located on the Seward Peninsula, Alaska about 60 km North of Nome. The Property comprises 9,600 hectares (23,680 acres) of State of Alaska mining claims. The claim block consists of 176 claims, of which 163 are wholly owned by Graphite One (Alaska) Inc. and 13 are leased to Graphite One (Alaska). The graphitic mineral zone is exposed on the surface and strikes East/Northeast along the North face of the Kigluaik Mountains. The geophysical expression of the deposit spans more than 16 km (Figure 1).
Through 2021, 66 holes have been completed in the resource area for a total of 10,112 meters of drilling. The resource data base consists of 6,412 assays. The resource remains open down dip and along strike to the East and West.
The Mineral Resource Estimate for Graphite Creek was updated with data through the 2021 Drill Program. The methodology used was similar to that described in the 2019 NI 43-101 report with a lower angle interpretation of the Kigluaik Fault and an additional estimation between interpreted graphite lodes. A lower cutoff grade of 2% Cg was used in 2022 due to updated mining and processing information, particularly with the integration of the STP.
The updated resource estimate provided in the PFS is presented in Table 3.
Comparisons to the previous resource estimate from the 2019 NI 43-101 report are summarized in Table 4.
The Inferred category's tonnage increased 177%; Indicated, 201%; and Measured, 176%. Contained graphite in the Inferred category increased 77%; Indicated, 101%; and Measured 101%. There is a corresponding drop in graphite grade in each category.
Table 5 provides the same comparison as Table 4 between the PFS and the 2019 report but with a 2% cutoff grade. The Inferred category's tonnage increased 36%; Indicated, 65% and Measured, 70%. Contained graphite in the Indicated category increased 20%; Indicated, 43%; and Measured, 54%.
The Mine is planned as a conventional open-pit operation using drilling, blasting, loading and hauling. The Mineral Reserves, summarized in Table 6, were estimated through the process of pit optimization, pit design, mine scheduling and cut-off grade optimization. Over a 23-year life, the Mine is expected to produce 22.5 million tonnes of ore with an average grade of 5.6% Cg, at a 2.2:1 strip ratio. Peak mine production is expected to be approximately 11,000 tonnes per day.
The PFS for the Project will be incorporated in a National Instrument 43-101 technical report that will be available under the Company's SEDAR profile at www.sedar.com, and the Company's website, within 45 days of this news release. The affiliation and areas of responsibility for each of the independent Qualified Persons (as defined under NI 43-101) involved in preparing the PFS, upon which the technical report will be based, are as follows ("QPS"):
The Qualified Persons for this news release are Robert Retherford, P.Geo. and Richard Goodwin, P.Eng. Mr. Retherford has reviewed this news release and verified that it accurately represents the geology and resource estimate that is stated. Mr. Goodwin has also reviewed this news release and verified that it accurately represents the findings of the PFS.
During the course of their work, the QPs have validated the data that each used in the formulation of the resource estimate and PFS findings. This includes such items as: site inspections, core sampling and assays, laboratory test work, core logs, environmental and community factors, metallurgical test work, taxation and royalties, and surveys. Both existing and new data that was collected through the course of the study were validated and used by the various QPs to inform their work. Details regarding the data used and quality assurance and quality control procedures that were employed by each QP in the preparation of the resource estimate and PFS will be included in the PFS as well as further definition on the precise roles, qualifications, and responsibilities of each QP.
The Company has included certain non-IFRS financial measures in this news release, such as Initial Capital Costs and Sustaining Capital Costs, which are not defined under IFRS and do not have a standardized meaning prescribed by IFRS. As a result, these measures may not be comparable to similar measures reported by other companies. Each of these measures used are intended to provide additional information to the user and should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS.
Certain Non-IFRS financial measures used in this news release are defined below.
Initial Capital Costs: Initial capital costs include the upfront capital investment required for mine construction and related infrastructure capital costs in Alaska and the construction of the STP in Washington State.
Sustaining Capital Costs: Sustaining capital is the ongoing capital investment to sustain and maintain mining, processing and graphite production infrastructure including but not limited to mining, production of graphite products, on-site development, and closure costs.
Total Capital Costs: Total Capital Costs are the sum of Initial Capital Costs and Sustaining Capital Costs.
GRAPHITE ONE INC. (GPH: TSX–V; GPHOF: OTCQB) continues to develop its Graphite One Project (the "Project"), with the goal of becoming an American producer of high grade anode materials that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade anode materials primarily for the lithium–ion electric vehicle battery market. As set forth in the Company's 2022 Pre-Feasibility Study, potential graphite mineralization mined from the Company's Graphite Creek Property is expected to be processed into concentrate at a graphite processing plant. The proposed processing plant would be located on the Graphite Creek Property situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska. Graphite anode materials and other value–added graphite products would be manufactured from the concentrate and other materials at the Company's proposed advanced graphite materials manufacturing facility expected to be located in Washington. The Company intends to make a production decision on the Project upon the completion of a Feasibility Study.
On Behalf of the Board of Directors
"Anthony Huston" (signed)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. Generally, forward–looking information can be identified by the use of forward–looking terminology such as "proposes", "expects", or "is expected", "scheduled", "estimates", "projects", "intends", "assumes", "believes", "indicates" or variations of such words and phrases that state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
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:
All forward-looking statements are based on the Company's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. The most significant assumptions are set forth above, but generally these assumptions include:
Although the Company's management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Many forward-looking statements are made assuming the correctness of other forward-looking statements, such as statements of net present value and internal rates of return, which are based on most of the other forward-looking statements and assumptions herein. The cost information is also prepared using current values, but the time for incurring the costs will be in the future and it is assumed costs will remain stable over the relevant period.
Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions.
Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this news release have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum 2014 Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the SEC, and mineral resource and reserve information contained herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term "resource" does not equate to the term "reserves". Under U.S. standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC's disclosure standards normally do not permit the inclusion of information concerning "measured mineral resources", "indicated mineral resources" or "inferred mineral resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves" by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. Under Canadian rules, estimated "inferred mineral resources" may not form the basis of feasibility or other economic studies. Investors are cautioned not to assume that all or any part of an "inferred mineral resource" exists, is economically or legally mineable, or will ever be upgraded to a higher resource category. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of "reserves" are also not the same as those of the SEC, and reserves reported by the Company in compliance with NI 43-101 may not qualify as "reserves" under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.
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SOURCE Graphite One Inc. | https://www.wibw.com/prnewswire/2022/08/29/graphite-one-advances-its-united-states-graphite-supply-chain-solution-demonstrating-pre-tax-usd19b-npv-8-260-irr-46-year-payback-its-integrated-project/ | 2022-08-29T12:20:00Z | https://www.wibw.com/prnewswire/2022/08/29/graphite-one-advances-its-united-states-graphite-supply-chain-solution-demonstrating-pre-tax-usd19b-npv-8-260-irr-46-year-payback-its-integrated-project/ | false |
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TOKYO (AP) — Major South Korean battery maker LG and Japanese automaker Honda are investing $4.4 billion in a joint venture in the United States to produce batteries for Honda electric vehicles in the North American market, the two companies said Monday.
The plant’s site is still undecided, but construction will begin in early 2023, with mass production of advanced lithium-ion battery cells to start by the end of 2025, they said.
The joint venture is to be set up this year, with the closing of the deal subject to regulatory approval.
“Our joint venture with Honda, which has significant brand reputation, is yet another milestone in our mid- to long-term strategy of promoting electrification in the fast-growing North American market,” said LG Energy Solution Chief Executive Youngsoo Kwon.
The plant will produce batteries exclusively for Honda vehicles assembled in North America, including the company’s Acura luxury brand, according to a joint statement.
LG, a leading manufacturer of lithium-ion batteries for electric vehicles and power systems, already makes them in joint ventures with U.S. automakers General Motors and Ford Motor Co., as well as South Korea’s Hyundai Motor Group. The company is headquartered in Seoul, South Korea, but has operations across the world, including the U.S., China and Australia.
Demand for electric vehicles is expected to grow in the U.S. and many other nations because of concerns about climate change and pollution, as well as rising gas prices. All of the world’s top automakers are strengthening their EV lineups.
“Honda is working toward our target to realize carbon neutrality for all products and corporate activities the company is involved in by 2050,” said Honda Chief Executive Toshihiro Mibe.
A new U.S. law includes a tax credit of up to $7,500 that could be used to defray the cost of purchasing an electric vehicle. But to qualify for the full credit, the electric vehicle must contain a battery built in North America with 40% of the metals mined or recycled on the continent. | https://www.ourmidland.com/news/article/LG-Honda-to-set-up-US-joint-venture-to-make-EV-17404478.php | 2022-08-29T12:20:22Z | https://www.ourmidland.com/news/article/LG-Honda-to-set-up-US-joint-venture-to-make-EV-17404478.php | true |
NEW YORK, Aug. 29, 2022 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced that the Company will be participating in the following conferences.
Wednesday, September 7, 2022 (Los Angeles): Bank of America 2022 Media, Communications & Entertainment Conference
- Natasha Fernandes, CFO: Fireside Chat at 2:50 PM PT – 3:30 PM PT
Wednesday, September 14, 2022 (San Francisco): Goldman Sachs Communacopia + Technology Conference
- Rich Gelfond, CEO: Fireside Chat at 10 AM PT – 10:40 AM PT
A live webcast of the referenced events will be made available on the IMAX investor relations website at investors.imax.com.
About IMAX Corporation
IMAX is a premier global technology platform for entertainment and events. Through its proprietary software, theater architecture, patented intellectual property, and specialized equipment, IMAX offers a unique end-to-end solution to create superior, immersive content experiences for which the IMAX® brand is globally renown. Top filmmakers, movie studios, artists, and creators utilize the cutting-edge visual and sound technology of IMAX to connect with audiences in innovative ways. As a result, IMAX is among the most important and successful global distribution platforms for domestic and international tentpole films and, increasingly, exclusive experiences ranging from live performances to interactive events with leading artists and creators.
IMAX is headquartered in New York, Toronto, and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of June 30, 2022, there were 1,694 IMAX theater systems (1,610 commercial multiplexes, 12 commercial destinations, 72 institutional) operating in 87 countries and territories. Shares of IMAX China Holding, Inc., a subsidiary of IMAX Corporation, trade on the Hong Kong Stock Exchange under the stock code "1970."
IMAX®, IMAX® Dome, IMAX® 3D, IMAX® 3D Dome, Experience It In IMAX®, The IMAX Experience®, An IMAX Experience®, An IMAX 3D Experience®, IMAX DMR®, DMR®, Filmed For IMAX™, IMAX LIVE™, IMAX Enhanced™, IMAX nXos® and Films to the Fullest®, are trademarks and trade names of the Company or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Instagram (https://www.instagram.com/imax), Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube (www.youtube.com/imaxmovies).
For additional information please contact:
Investors:
Heather Anthony
hanthony@imax.xom
212.821.0121
Media:
Mark Jafar
mjafar@imax.com
212.821.0102
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SOURCE IMAX Corporation | https://www.wibw.com/prnewswire/2022/08/29/imax-attend-upcoming-investor-conferences/ | 2022-08-29T12:20:38Z | https://www.wibw.com/prnewswire/2022/08/29/imax-attend-upcoming-investor-conferences/ | false |
HOUSTON (AP) — Justin Verlander pitched three scoreless innings before departing because of right calf discomfort, and the Houston Astros used five relievers to close out a 3-1 victory over the Baltimore Orioles on Sunday.
Alex Bregman homered for AL West-leading Houston, and Yuli Gurriel had a two-run single. The Astros dropped the first two games of the weekend set after winning four in a row.
It was the shortest outing of the season for Verlander, one of the front-runners for the AL Cy Young Award.
Houston manager Dusty Baker said Verlander was going in for imaging on Monday, adding that he said he felt it when he went to cover first base during a rundown on a double play that ended the top of the third.
Verlander had Tommy John surgery in 2020 and missed all of last season.
“It was his calf, and that’s the best of bad news,” Baker said. “We’re glad it wasn’t anything to do with his elbow or arm or anything like that, so we will just have to wait until he has the imaging tomorrow.”
The 39-year-old Verlander allowed three hits, struck out six and walked one. The right-hander had already left the stadium before the media was allowed into the clubhouse after the game, according to team officials.
“He threw that pitch, and then, he came off the field with the third out, and he just went down the tunnel,” Baker said.
Verlander threw 60 pitches, 39 for strikes. He allowed consecutive singles to Cedric Mullins and Adley Rutschman in the first, and then struck out the next three batters.
“These things happen,” Baker said. “They can happen to anybody on the field. Like I said, I was just happy it wasn’t his elbow. One quick move, and it happened.”
Verlander lowered his major league-leading ERA to 1.84. He leads the AL with 16 wins.
Houston’s bullpen then allowed one run and four hits over six innings. Ryne Stanek (2-1) tossed a perfect seventh for the win, and Rafael Montero worked a rocky ninth for his ninth save.
“We didn’t want it to go into extra innings, that’s for sure because we only had (Will) Smith left in our bullpen,” Baker said. “These guys did a great job today.”
Baltimore got on the board on Austin Hays’ RBI single in the ninth. Pinch-hitter Kyle Stowers followed with another base hit, but Montero struck out Rougned Odor to end it.
“We did not swing the bat off the bullpen,” Baltimore manager Brandon Hyde said. “It’s a good bullpen. It’s the best bullpen or one of the top two for a reason. Just didn’t get anything going, unfortunately.”
Gurriel snapped a scoreless tie with his two-run single through the right side in the seventh.
Orioles starter Austin Voth walked Alex Bregman to start the inning, and Kyle Tucker greeted Bryan Baker with a double. Two batters later, Gurriel singled through a drawn-in infield.
Bregman connected in the eighth, sending a drive to left-center for his 20th homer.
Voth (4-2) allowed one run and one hit in six-plus innings. Voth has allowed three runs or fewer in every start this season. It was his first loss since June 29.
“You pitch well, and you lose all the time,” Voth said. “Sometimes you hit, sometimes we can’t get any hits to get the bats rolling. You’ve got to focus on you and on the mound and what you can do to help the team out.”
TRAINER’S ROOM
Orioles: RHP Tyler Wells (left oblique strain) was expected to throw a simulated game either Sunday or Monday, Hyde said.
Astros: DH Yordan Alvarez was out of the lineup after getting treatment on his left hand, Baker said, adding that he was hopeful Alvarez would be ready on Tuesday. There had been no discussion of a trip to the injured list for Alvarez, Baker said. … OF Chas McCormick (dislocated right pinkie) swung the bat on Sunday, but his finger was still swollen, Baker said.
UP NEXT
Orioles: Following an off day, Baltimore starts a three-game series at the Guardians on Tuesday. RHP Spenser Watkins (4-4, 3.96 ERA) is slated to start for the Orioles opposite RHP Cal Quantrill (10-5, 3.59 ERA).
Astros: Following an off day, Houston opens a two-game series at the Rangers on Tuesday. Framber Valdez (13-4, 2.65 ERA) will start Tuesday for the Astros.
___
More AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports | https://www.cbs42.com/sports/ap-verlander-exits-early-astros-hold-on-for-3-1-win-over-os/ | 2022-08-29T12:21:08Z | https://www.cbs42.com/sports/ap-verlander-exits-early-astros-hold-on-for-3-1-win-over-os/ | true |
GREELEY, Colo., Aug. 29, 2022 /PRNewswire/ -- JBS USA Lux S.A. (the "Company") today announced that it has amended certain terms of its previously announced offers to exchange (each, an "Exchange Offer" and, together, the "Exchange Offers") any and all outstanding (i) 2.500% Senior Notes due 2027 and (ii) 3.625% Sustainability-Linked Senior Notes due 2032 (together, the "Existing Notes") issued by JBS USA Food Company (originally issued by JBS Finance Luxembourg S.à r.l.) for (1) up to U.S.$2,000.0 million aggregate principal amount of new notes (the "New Notes") to be issued by the Company, JBS USA Food Company and JBS USA Finance, Inc. (collectively, the "Issuers") and (2) cash, and related consent solicitations (each, a "Consent Solicitation" and, together, the "Consent Solicitations") to adopt certain proposed amendments to each of the indentures governing the Existing Notes (the "Proposed Amendments").
Given the high level of participation rate that the Company has already achieved in the Exchange Offers and at the request of certain Eligible Holders of the Existing Notes who were unable to tender their Existing Notes at or prior to the Early Tender Date due to logistical or other reasons, the Company has agreed as a one-time accommodation to (i) extend the expiration date for the Exchange Offers and Consent Solicitations to 11:59 p.m., New York City time, on September 12, 2022, unless extended by the Company (such date and time, as the same may be extended, the "New Expiration Date") and (ii) make the applicable Total Exchange Consideration available to all Eligible Holders that tender Existing Notes for exchange in the Exchange Offers and deliver consents to the applicable Proposed Amendments in the Consent Solicitations at or prior to the New Expiration Date.
The "Settlement Date" for Eligible Holders who tender Existing Notes for exchange in the Exchange Offers after the Early Tender Date and at or prior to 5:00 p.m., New York City time, on August 30, 2022 (such time and date, as the same may be extended, the "Fungibility Tender Date") will occur on August 31, 2022, unless otherwise designated by the Company (such date and time as the same may be amended, the "Fungibility Settlement Date").
The "Final Settlement Date" for Eligible Holders who tender Existing Notes for exchange in the Exchange Offers after the Fungibility Tender Date and at or prior to the Expiration Date is expected to occur three business days after the Expiration Date, or as promptly as practicable thereafter (the "Final Settlement Date").
Any Existing Notes tendered after the Fungibility Tender Date and at or prior to the New Expiration Date may not be fungible for U.S. federal income tax purposes with the New Notes issued on the Early Settlement Date and the Fungibility Settlement Date. In addition, any New Notes issued after the Fungibility Tender Date and at or prior to the New Expiration Date may have different CUSIPs and ISINs than the New Notes issued on the Early Settlement Date and the Fungibility Settlement Date.
As of 9:00 a.m., New York City time, on August 29, 2022, the following principal amounts of each series of the Existing Notes have been validly tendered:
A supplemental indenture with respect to each series of Existing Notes giving effect to the Proposed Amendments has been executed. The Proposed Amendments became operative with respect to each series of Existing Notes on August 19, 2022.
Holders who validly tendered their Existing Notes at or prior to the date of the press release do not need to take any action.
The New Notes have not been and will not be registered under the Securities Act or any state or foreign securities laws. Therefore, the New Notes may not be offered or sold absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws or applicable foreign securities laws. However, holders of the New Notes will benefit from the registration rights set forth in the registration rights agreement entered into by the Company pursuant to which the Company agreed to use its commercially reasonable efforts to (i) file an exchange offer registration statement with the U.S. Securities and Exchange Commission to allow holders to exchange New Notes of each series for the same principal amount of exchange notes of the same series, which will have terms identical in all material respects to such series of New Notes, except that the exchange notes will not contain transfer restrictions, and (ii) consummate such exchange offer within 365 days of entering into the registration rights agreement.
The Exchange Offers and the Consent Solicitations are being made pursuant to the terms and subject to the conditions set forth in the offering memorandum and consent solicitation statement, dated August 2, 2022 (as supplemented by the supplement to the offering memorandum and consent solicitation statement, dated August 11, 2022 and as amended as described herein, the "Offering Memorandum and Consent Solicitation Statement"). Other than the amendments described above, the other terms of the Exchange Offers and the Consent Solicitations remain as set forth in the Offering Memorandum and Consent Solicitation Statement. All capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Offering Memorandum and Consent Solicitation Statement.
Documents relating to the Exchange Offers and the Consent Solicitations will only be distributed to eligible holders of Existing Notes who complete and return an eligibility form confirming that they are either (a) a "Qualified Institutional Buyer," as that term is defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), or (b) a person that is outside the "United States" and is (i) not a "U.S. person," as those terms are defined in Rule 902 under the Securities Act and (ii) a "non-U.S. qualified offeree." The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum and Consent Solicitation Statement, copies of which may be obtained by contacting D.F. King & Co., Inc., the exchange agent and the information agent in connection with the Exchange Offers and the Consent Solicitations, at (800) 967-7574 (toll free) or (212) 269-5550 (banks and brokers). The eligibility form is available electronically at www.dfking.com/jbs.
This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, purchase or sale would be unlawful. The Exchange Offers and the Consent Solicitations are being made solely pursuant to the Offering Memorandum and Consent Solicitation Statement and only to such persons and in such jurisdictions as is permitted under applicable law.
This press release contains certain forward-looking statements. Statements that are not historical facts, including statements about our perspectives and expectations, are forward looking statements. The words "expect", "believe", "estimate", "intend", "plan" and similar expressions, when related to the Company and its subsidiaries, indicate forward-looking statements. These statements reflect the current view of management and are subject to various risks and uncertainties. These statements are based on various assumptions and factors, including general economic, market, industry, and operational factors. Any changes to these assumptions or factors may lead to practical results different from current expectations. Excessive reliance should not be placed on those statements. Forward-looking statements relate only to the date they were made and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.
JBS USA Lux S.A. is one of the world's largest producers of beef, pork, chicken and packaged food products. In terms of daily production capacity, JBS USA Lux S.A. is among the leading beef producers and the second-largest pork and chicken producer in the United States. In Australia, JBS USA Lux S.A. is the leading producer of beef, lamb and packaged foods and the second largest producer of salmon. JBS USA Lux S.A. prepares, packages and delivers fresh, value-added and branded beef, pork, chicken, and lamb products to customers in more than 150 countries on six continents. JBS USA Lux S.A. is an indirect, wholly-owned subsidiary of JBS S.A., the largest protein company and the largest food company in the world in terms of net revenue.
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SOURCE JBS USA Lux S.A. | https://www.wagmtv.com/prnewswire/2022/08/29/jbs-usa-lux-sa-announces-amendments-exchange-offers-consent-solicitations-jbs-usa-food-companys-2500-senior-notes-due-2027-3625-sustainability-linked-senior-notes-due-2032/ | 2022-08-29T12:21:45Z | https://www.wagmtv.com/prnewswire/2022/08/29/jbs-usa-lux-sa-announces-amendments-exchange-offers-consent-solicitations-jbs-usa-food-companys-2500-senior-notes-due-2027-3625-sustainability-linked-senior-notes-due-2032/ | true |
MULVANE, Kan. (KSNW) — The Kansas Department of Health and Environment (KDHE) has issued a boil water advisory for the City of Mulvane public water supply system, located in Sumner County.
The KDHE recommends that customers observe the following precautions until further notice:
- If your tap water appears dirty, flush the water lines by letting the water run until it clears.
- Boil water for one minute prior to drinking or food preparation or use bottled water.
- Dispose of ice cubes and do not use ice from a household automatic ice maker.
- Disinfect dishes and other food contact surfaces by immersion for at least one minute in clean tap water that contains one teaspoon of unscented household bleach per gallon of water.
- Water used for bathing does not generally need to be boiled. Supervision of children is necessary while bathing so that water is not ingested. Persons with cuts or severe rashes may wish to consult their physicians.
According to the KDHE, the advisory took effect on Aug. 28 and will remain in effect until the conditions that placed the system at risk of bacterial contamination are resolved.
KDHE officials issued the advisory because of a line break resulting in a loss of pressure in the system. Failure to maintain adequate pressure may result in a loss of chlorine residuals and bacterial contamination.
The KDHE can issue the rescind order following testing at a certified laboratory.
For questions, call the water system at 316-777-0191 or KDHE at 785-296-5514. For more information, click here. | https://www.ksn.com/news/local/boil-water-advisory-issued-for-mulvane/ | 2022-08-29T12:22:52Z | https://www.ksn.com/news/local/boil-water-advisory-issued-for-mulvane/ | false |
MuleSoft receives the highest possible scores in API User Engagement, Product Vision, and Market Approach criteria
SAN FRANCISCO, Aug. 29, 2022 /PRNewswire/ -- Salesforce, (NYSE: CRM), the global leader in CRM, today announced that Forrester has recognized MuleSoft as a Leader in The Forrester Wave™: API Management Solutions, Q3 2022. The report can be accessed at https://www.mulesoft.com/lp/reports/forrester-wave-apim.
MuleSoft was recognized as a leader in this API Management report. According to the report, MuleSoft "delivers API engagement with a strong developer experience" and "provides highly engaging portals and tools to connect with API consumers."
Businesses see continued growth and efficiency with API management because it offers flexible and scalable digital experiences that empower customers through integration, automation, security and governance. However, the Connectivity Benchmark Report shows that integration challenges continue to slow digital transformation initiatives for 88% of organizations.
"The speed at which companies can accelerate their digital transformation efforts is entirely dependent on their ability to seamlessly integrate and connect their data," said Shaun Clowes, chief product officer, MuleSoft. "We believe that API-led connectivity enables our customers to securely unlock and integrate their data and apps to deliver new levels of speed, productivity and efficiency."
The report, authored by Forrester Senior Analyst David Mooter says, "Good API strategy and design are a key foundation for digital transformation. By opening access to digital business capabilities, APIs drive agility to optimize customer experiences, create dynamic digital ecosystems, achieve operational excellence, and build platform business models."
Access to data and the ability to compose applications is critical to delivering seamless digital experiences and meeting key business priorities such as revenue growth and speed to market. With Universal API Management, MuleSoft is extending our leading API Management platform to support any API and service used in the enterprise. This helps users find, reuse, and manage existing assets, thereby increasing their value. Customers can go faster with a single pane of glass for governance, security and adoption, both with internal and external users.
Additional Information:
- The Forrester Wave™: API Management, Q3 2022 Report is available at https://www.mulesoft.com/lp/reports/forrester-wave-apim.
- Learn more about Universal API Management on Anypoint Platform.
The Forrester Wave™: API Management, Q3 2022, Forrester Research, August 22, 2022
About Salesforce
Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com.
Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE.
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SOURCE MuleSoft | https://www.wsaz.com/prnewswire/2022/08/29/mulesoft-named-leader-new-api-management-solutions-report/ | 2022-08-29T12:24:44Z | https://www.wsaz.com/prnewswire/2022/08/29/mulesoft-named-leader-new-api-management-solutions-report/ | true |
WFO AMARILLO Warnings, Watches and Advisories for Monday, August 29, 2022
_____
AREAL FLOOD ADVISORY
Flood Advisory
National Weather Service Amarillo TX
539 AM CDT Mon Aug 29 2022
...FLOOD ADVISORY IS CANCELLED...
The Flood Advisory is cancelled for a portion of the Panhandle of
Texas, including the following areas, Armstrong, Hutchinson, Moore
and Potter.
Urban and small stream flooding is no longer expected to pose a
threat. Please continue to heed remaining road closures.
...FLOOD ADVISORY REMAINS IN EFFECT UNTIL 7 AM CDT THIS MORNING...
* WHAT...Urban and small stream flooding caused by excessive
rainfall continues.
* WHERE...A portion of the Panhandle of Texas, including the
following county, Carson.
* WHEN...Until 700 AM CDT.
* IMPACTS...Minor flooding in low-lying and poor drainage areas.
* ADDITIONAL DETAILS...
- At 538 AM CDT, Doppler radar and automated rain gauges
indicated heavy rain due to thunderstorms. This may cause
urban and small stream flooding. Between 1 and 2 inches of
rain have fallen.
- Additional rainfall amounts of 1 to 3 inches are expected
over the area. This additional rain may result in minor
flooding.
- Some locations that will experience flooding include...
Panhandle.
- http://www.weather.gov/safety/flood
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
Be especially cautious at night when it is harder to recognize the
dangers of flooding.
_____
Copyright 2022 AccuWeather | https://www.expressnews.com/weather/article/TX-WFO-AMARILLO-Warnings-Watches-and-Advisories-17404475.php | 2022-08-29T12:25:44Z | https://www.expressnews.com/weather/article/TX-WFO-AMARILLO-Warnings-Watches-and-Advisories-17404475.php | false |
BAGHDAD (AP) — Influential Iraqi Shiite cleric Muqtada al-Sadr announces his resignation from politics amid protests by his followers.
- 'They found my dad': South SF man's dad ID'd as Lake Mead body
- Data shows Texans actually pay more in taxes than Californians do
- The weirdest activities happening at Burning Man this week
- Horoscope for Monday, 8/29/22 by Christopher Renstrom
- Below a reservoir, the ruins of a once-bustling Bay Area city
- California musician and his wife found dead in Mojave Desert
- Bay Area deputy arrested on multiple felony charges
- 2 fatally shot, bicyclist run over and killed, in Oakland
- One woman's complicated quest to save the feral cats of Hawaii
- Missing Bay Area man's car found ablaze on Highway 101
- It's not your imagination: It's smoky in the Bay Area right now
- Man fatally stabbed at BART plaza in SF, with suspect at large | https://www.sfgate.com/news/article/Alert-Influential-Iraqi-Shiite-cleric-Muqtada-17404480.php | 2022-08-29T12:27:08Z | https://www.sfgate.com/news/article/Alert-Influential-Iraqi-Shiite-cleric-Muqtada-17404480.php | true |
OTTAWA COUNTY, MI – A Hudsonville teen was seriously injured Sunday, Aug. 28, when his vehicle left the road and struck a tree.
The crash was reported at 9:18 p.m. on Lakeshore Drive near Quincy Street in Ottawa County’s Park Township, sheriff’s deputies said.
The 17-year-old was driving a Dodge Durango north on Lakeshore Drive when he lost control on a curve during rain. The vehicle went off the road and struck a tree.
The teen was pinned inside the vehicle until he was freed by Park Township firefighters.
The teen’s injuries are serious but not life-threatening, deputies said. He was wearing a seat belt, police said.
Read more:
Dangerous currents, high waves forecast for some Lake Michigan beaches
Deputies kill suspect while investigating homicide in Bay County
Thousands pack Lake Michigan beach for Burning Foot Beer Festival 2022 | https://www.mlive.com/news/grand-rapids/2022/08/teen-pinned-in-vehicle-seriously-injured-in-collision-with-tree.html | 2022-08-29T12:27:15Z | https://www.mlive.com/news/grand-rapids/2022/08/teen-pinned-in-vehicle-seriously-injured-in-collision-with-tree.html | true |
A Quarter Century of Business Dotted with Technology Advancements and Industry-Leading Support
ATLANTA, Aug. 29, 2022 /PRNewswire/ -- Liquid Web, the market leader in cloud hosting and software solutions for small to medium-sized businesses (SMBs), celebrates 25 years of helping businesses grow online.
Over the past quarter century, Liquid Web has grown into a Family of Brands delivering technology, services, and support for thriving businesses and nonprofits running mission-critical websites, eCommerce stores, and applications. Liquid Web (High Performance Managed Hosting), Nexcess (Digital Commerce Cloud), StellarWP (WordPress Software and Tools), and Modern Tribe (Enterprise WordPress Agency) have more than 500,000+ sites under management and support over 175,000 software subscribers and 2.5 Million+ free version software users.
The company was founded in 1997 by Matthew Hill, who passed away unexpectedly on July 13, 2022. He was in high school when he founded Liquid Web in Holt, Michigan. For 18 years, before he sold in 2015, with the help of his family and friends, he built the foundation for what the company is today.
In 2015, Madison Dearborn and the management team (Jim Geiger (CEO), Joe Oesterling (CTO), and Carrie Wheeler (COO)) invested in Liquid Web. The new leadership team set a vision to build a platform to enable small businesses - and the creators who build sites and stores for them - to make money online. The strategy was developed to innovate products and services that address market trends toward simplification and deliver the best experience in hosting - to become the Most Helpful Humans in Hosting®.
"All of our efforts and strategies are focused on helping small businesses make money online," said Jim Geiger, CEO. "We've coined the phrase "Web-Dependent SMBs" because, for our customers, their online presence is their business. They are not "setting and forgetting" their website; it's not brochureware, it's not a hobby. Our platform(s) power their online commerce and therefore, their livelihood", said Geiger.
In the last 7 years, Liquid Web invested heavily in product development, sales, and marketing and expanded platform and support capabilities by adding Managed WordPress (2016); Premium Business Email (2017); the industry's first Managed WooCommerce Hosting (2018); Protection and Remediation Services (2018); VMware Private Cloud (2019); CloudFlare (2019); Acronis Cyber Backups (2020); Managed Cloud Servers (2020); VMware Private Cloud Multi-Tenant (2020); and Threat Stack (2021).
The Liquid Web Family of Brands has also strategically grown its presence in the WordPress space by adding software companies like iThemes (2018), Restrict Content Pro (2020), The Events Calendar (2021), Iconic (2021), KadenceWP (2021), GiveWP (2021), LearnDash (2021), and Modern Tribe (2021) to our portfolio. In addition, a new arm of our business was introduced to serve as the umbrella brand for all WordPress software offerings: StellarWP.
The company has honed a strategic focus around open source software and platforms and the flexibility and ownership those provide for online site and store owners. Because the customers they attract are largely within the WordPress ecosystem – the world's most dominant content and commerce management system powering over 43% of all online properties on the Internet today – the company has a commitment to fostering ongoing innovation with new features, curated solutions, and tools to help customers realize the power that open source provides. In 2021, the company launched the first SaaS-like customer experience for buying, building, and managing an online store with a product called StoreBuilder, and in 2022, launched LearnDash Cloud. These products integrate hosting and curate a number of the company's owned software solutions to innovate online commerce solutions on WordPress.
"We continue to believe that we can lead in providing simplified, highly performant, secure, curated solutions to accelerate SMBs and creators getting, staying, and growing online. Our North Star, our strategic vision, is to continue to simplify online commerce – in all its forms – for new and existing online merchants by leveraging open source solutions riding on our infrastructure, our software assets, our industry expertise, and our world-class technical support," said Geiger. "We celebrate this anniversary with great pride and appreciation for our customers who trust us with their business and our employees, the Most Helpful Humans in Hosting® who make us stand out as an industry leader. As we look ahead to our future, we understand the responsibility we have to the businesses we support and will continue to focus on our purpose of helping SMBs and their creators make money online."
Building on 25 years of success, our Liquid Web Family of Brands delivers software, solutions, and managed services for mission-critical sites, stores, and applications to SMBs and the designers, developers, and agencies who create for them. Liquid Web (Managed Hosting), Nexcess (Digital Commerce Cloud), and StellarWP (WordPress Software and Tools) have more than 500,000+ sites under management, over 175,000 software subscribers, and 2 million+ free version software users. Collectively, the companies have assembled a world-class team of industry experts, provide unparalleled service from solution engineers available 24/7/365, and own and manage ten global data centers. As an industry leader in customer service, the rapidly expanding brand family has been recognized among INC. Magazine's 5000 Fastest-Growing Companies for 12 years. Learn more about the Liquid Web Family of Brands.
Media Contact:
Jackie Cowan
jcowan@liquidweb.com
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SOURCE Liquid Web | https://www.wlbt.com/prnewswire/2022/08/29/liquid-web-celebrates-25-years-helping-businesses-grow-online/ | 2022-08-29T12:27:17Z | https://www.wlbt.com/prnewswire/2022/08/29/liquid-web-celebrates-25-years-helping-businesses-grow-online/ | false |
WFO AMARILLO Warnings, Watches and Advisories for Monday, August 29, 2022
_____
AREAL FLOOD ADVISORY
Flood Advisory
National Weather Service Amarillo TX
653 AM CDT Mon Aug 29 2022
...FLOOD ADVISORY REMAINS IN EFFECT UNTIL 9 AM CDT THIS MORNING...
* WHAT...Urban and small stream flooding caused by excessive
rainfall continues.
* WHERE...A portion of the Panhandle of Texas, including the
following county, Carson.
* WHEN...Until 900 AM CDT.
* IMPACTS...Minor flooding in low-lying and poor drainage areas.
* ADDITIONAL DETAILS...
- At 652 AM CDT, Doppler radar and automated rain gauges
indicated heavy rain due to thunderstorms. This may cause
urban and small stream flooding. Between 2 and 3 inches of
rain have fallen.
- Additional rainfall amounts of 1 to 2 inches are expected
over the area. This additional rain may result in minor
flooding.
- Some locations that may experience flooding include...
Panhandle.
- http://www.weather.gov/safety/flood
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
Be especially cautious at night when it is harder to recognize the
dangers of flooding.
_____
Copyright 2022 AccuWeather | https://www.stamfordadvocate.com/weather/article/TX-WFO-AMARILLO-Warnings-Watches-and-Advisories-17404529.php | 2022-08-29T12:27:46Z | https://www.stamfordadvocate.com/weather/article/TX-WFO-AMARILLO-Warnings-Watches-and-Advisories-17404529.php | true |
Sonali Phogat case: Goa govt. will submit action taken report to Haryana CM, says Sawant
The ATR will be submitted to the Haryana Chief Minister and the Director General of Police
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The Goa government will submit an Action Taken Report (ATR) in the Bharatiya Janata Party (BJP) leader Sonali Phogat murder case to the Haryana government, Chief Minister Pramod Sawant said on August 29.
Mr. Sawant told reporters that the Goa Police is investigating the case in the right direction.
“I would like to say that Goa police have so far done a good investigation,” the Chief Minister said.
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He said the ATR will be submitted to the Haryana Chief Minister and the Director General of Police.
Phogat (43), a former Tik Tok star from Hisar in Haryana and a contestant on the reality TV show "Big Boss", was brought dead to a hospital in North Goa on August 23, a day after arriving in the coastal State with two others.
Mr. Sawant on Sunday said his government was ready to hand over the Phogat death probe to the Central Bureau of Investigation (CBI), if required.
He had also said that Haryana Chief Minister Manohar Lal Khattar had spoken to him requesting a detailed investigation into the case.
Police have so far arrested five people including Phogat's male associates Sudhir Sagwan and Sukhwinder Singh, the purported owner of Curlies Restaurant Edwin Nunes, and drug peddlers—Dattaprasad Gaonkar and Ramakant Mandrekar.
Singh and Sagwan have been booked on the charge of murder.
Phogat, Singh, and Sagwan had partied at the Curlies restaurant at Anjuna in North Goa hours before her death.
According to the prosecution, Nunes is the owner of the Curlies restaurant where Phogat and her aides had partied on the intervening night of August 22 and 23.
Phogat was administered methamphetamine, and some left-over drug was recovered from the restaurant's washroom, a senior police officer had said.
All five accused are currently in the custody of Goa Police.
ADVERTISEMENT | https://www.thehindu.com/news/national/other-states/sonali-phogat-case-goa-govt-will-submit-action-taken-report-to-haryana-cm-says-sawant/article65826105.ece/amp/ | 2022-08-29T12:29:53Z | https://www.thehindu.com/news/national/other-states/sonali-phogat-case-goa-govt-will-submit-action-taken-report-to-haryana-cm-says-sawant/article65826105.ece/amp/ | true |
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SEATTLE — When the U.S. homicide rate jumped nearly 30% in 2020, experts hoped it was a temporary blip — a fleeting symptom of pandemic pressures and civil unrest.
"I lost a couple of people around that time, due to gun violence," says LaMaria Pope, who works for a youth outreach program in the Seattle area called "Choose 180."
Three summers later, she says that violence persists, and young people are more likely to be armed with a gun.
"Sixteen, and 17, 18 and up — they only feel safe if they have one. It's becoming a jacket — they can't leave the house without one," she says.
Hopes for a rapid decline in the pandemic murder spike are fading. National statistics for 2022 aren't yet available, but you can get a sneak peak from an informal year-to-date tally of murders in major cities compiled by data analyst Jeff Asher. The total count in those cities has dipped slightly lower than last year, but it's still well above pre-pandemic levels. And in 40% of the cities listed, homicides are trending higher.
Some of the worst trouble spots are cities such as Philadelphia and Baltimore, where year-to-date homicides are rivaling the high tallies of 2020 and 2021.
In Portland, Ore., the mayor has declared an "emergency" over gun violence, as the city struggles to reel in an annual murder count that shot up to 88 in 2021, from 36 in 2019.
Even some smaller cities, such as Little Rock, Ark., are in danger of eclipsing last year's murder numbers.
"This is definitely not the '90s"
But it's not just that the numbers remain high. The nature of the gun violence itself has changed, according to those who watch these crimes closely.
"This is definitely not the '90s, what we're seeing," says Elyne Vaught, a prosecutor in King County, Wash. He's part of a program called "Shots Fired," which counts and categorizes illegal shootings in a county that includes Seattle. The program seeks to identify people at risk of getting involved in the violence, and intervene by offering social services delivered by non-profits.
"The '90s was more gang-oriented, there was much more organized, sort of targeted shootings," Vaught says. "Today, it's petty offenses, petty conflicts, reckless shootings."
Vaught says you can see the "rise in reckless-type shootings" in the county statistics, where the number of shots fired has more than doubled, compared to the same period in 2019, and with more shots fired per victim.
Police around the country have noticed this trend. A new report from the Major Cities Chiefs Association points to "incidents of individuals indiscriminately shooting into large crowds while discharging massive amounts of ammunition," such as the April mass shooting in downtown Sacramento.
The chiefs point to the availability of extended ammunition magazines, as well as the growing popularity of "auto sear" switches, small after-market devices that turn semi-automatic Glock pistols into illegal automatics, capable of spraying bullets. (Similar attachments are also exist for AR-15-style rifles, but police worry more about handguns, which are used far more often in crimes.)
Post-pandemic "gunplay"
Anecdotally, gunfire has become a more common sound in many urban and suburban areas. Jimmy Hung, chief deputy for the juvenile division of the King County Prosecutor's Office, says he's noticed the change.
"I live in West Seattle and I've never felt, like, leaving my house, I was in danger of being shot — I still don't," Hung says. "But having lived there now for nearly 20 years, I can confidently say that when I sleep at night and I have my window open, I certainly hear more gunshots today than I did when I first moved into the neighborhood."
Hung wonders if those shots are connected to a rise in the "demonstrative" use of guns by young men.
A 16-year-old we're calling "G" recalls being at a party in the same neighborhood — West Seattle — and observing exactly that. (We're withholding his name, given his age and the topic.)
"All we hear is 'pop-pop-pop,' " he says, describing the incident.
He says it started with a dispute between two groups of young people, and took an ominous turn when some came back holding backpacks in front of them, one hand concealed inside.
"That only means, usually, two things," he says. "Either they're having a hard time finding something. Or — it's usually just them holding a gun, ready to pull it out and fire."
Gun violence often starts online
"G" says he doesn't have a gun, and most of the guns he sees in the hands of acquaintances are on social media.
"Mostly Snapchat," he says. "[The videos are] them usually smoking in a car and then holding out a gun, flashing the laser sight. Just saying, 'Hey, I have this, don't mess with me. Be scared of me, basically.' "
When the guns come out in person, he says it's often after warnings online. For instance, someone will post the video of a fistfight, which in turn will prompt others to promise to avenge the loser.
"One of the friends might say, 'Oh, I'm gonna slide for you. I'm going to slide real quick with a pole on me,' " G says, where the term "pole" is slang for gun.
"That usually means, 'Hey, we don't care that you lost, but we're gonna go get the deed done,' " he says.
Temple University criminologist Jason Gravel, who studies how young people acquire and use guns, says the role of social media may be the biggest change of the last few recent years.
"It might look like some random shooting on the street, but if that was preceded by a bunch of verbal threats online or in social media, you don't see the first part of the conflict, you just see the end result," Gravel says.
More guns, more shootings?
At the "Choose 180" program in suburban Seattle, Lemaria Pope thinks the year-long closure of in-person schooling in the region led to many kids discovering guns.
"Kids were finding their parents' guns, because they're in the house, no school, no work. I definitely think during that pandemic, it just opened up a window," Pope says.
There may have been more guns around for kids to find. Firearms dealers reported record sales during the pandemic, and a recent article in the Annals of Internal Medicine estimates that 2.9% of U.S. adults became new gun owners. By extension, the authors estimate 5 million children were "newly exposed" to firearms in their households.
At the prosecuting attorney's office, Hung believes irresponsible gun owners are part of the problem.
"I don't believe that we have emphasized or prioritized enough the secure storage of guns or the responsible ownership of guns," he says. "And so kids are gaining access to guns either through, you know, theft or people misplacing them and them just getting in the wrong hands."
Less risk of getting caught
Others reject this explanation for heightened gun violence, saying people who want guns have always found ways to get them.
Anthony Branch, 26, got into trouble for carrying a gun when he was a teen. Watching the gun culture in his neighborhood, he thinks more minors and felons are carrying guns illegally now for one simple reason: "Defund the police," as he puts it.
"They're only going to search for priorities," he says of the Seattle Police Department, which lost hundreds of officers after the protests that followed the 2020 murder of George Floyd by police in Minneapolis.
At the same time, he acknowledges the violence itself may also be a deciding factor.
"What are you gonna do when you win the fight, and somebody shoots you? Or you have a beef that's so bad that you lose the fight, and they still shoot you?" he asks. "So that's why you have all these young people — and older cats too — want to carry so much. Because of the uncertainty of it."
Criminologist Gravel says society should take seriously the fact that people in certain communities feel so unsafe, they want to carry guns.
"When you look at the rates of violence, if you lived in that community, I don't know if I would blame you if you wanted to carry a gun for protection," he says. "It's not entirely irrational to do so, even if it puts them more at risk."
As to the question of whether the pandemic-era violence is here to stay, Gravel says the jury is still out.
"There's a lot of research that suggests that violence is kind of operates like a contagion," he says. "It's going to take a while until the chain of conflicts that started in 2020 ends — and it might never end! It might take a while for it to die down on its own if we don't intervene and try to stop these conflicts before they happen."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.kbia.org/2022-08-29/shootings-spiked-during-the-pandemic-the-spike-now-looks-like-a-new-normal | 2022-08-29T12:32:19Z | https://www.kbia.org/2022-08-29/shootings-spiked-during-the-pandemic-the-spike-now-looks-like-a-new-normal | true |
NASA could launch Artemis I today, the first of several missions that will include mankind’s return to the moon, but a hydrogen leak could prevent it from taking off today.
The launch window for the spacecraft is set to begin at 8:33 a.m. ET. The window closes around 10:30 p.m. ET. If NASA cannot launch the rocket on Monday, it will have to wait until Friday.
It is the first of several launches as part of the Artemis program, which NASA hopes will prepare humanity to go further than the moon.
The next Artemis mission isn’t scheduled until 2024. While Artemis I will be unmanned, Artemis II will send four astronauts on a flyby of the moon. Artemis III is expected to include a crewed mission to the moon's surface. | https://www.wrtv.com/news/national/artemis-i-launch-window-to-begin-as-nasa-tries-to-fix-leak | 2022-08-29T12:35:43Z | https://www.wrtv.com/news/national/artemis-i-launch-window-to-begin-as-nasa-tries-to-fix-leak | false |
NEW YORK, Aug. 29, 2022 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) today announced that the Company will be participating in the following conferences.
Wednesday, September 7, 2022 (Los Angeles): Bank of America 2022 Media, Communications & Entertainment Conference
- Natasha Fernandes, CFO: Fireside Chat at 2:50 PM PT – 3:30 PM PT
Wednesday, September 14, 2022 (San Francisco): Goldman Sachs Communacopia + Technology Conference
- Rich Gelfond, CEO: Fireside Chat at 10 AM PT – 10:40 AM PT
A live webcast of the referenced events will be made available on the IMAX investor relations website at investors.imax.com.
About IMAX Corporation
IMAX is a premier global technology platform for entertainment and events. Through its proprietary software, theater architecture, patented intellectual property, and specialized equipment, IMAX offers a unique end-to-end solution to create superior, immersive content experiences for which the IMAX® brand is globally renown. Top filmmakers, movie studios, artists, and creators utilize the cutting-edge visual and sound technology of IMAX to connect with audiences in innovative ways. As a result, IMAX is among the most important and successful global distribution platforms for domestic and international tentpole films and, increasingly, exclusive experiences ranging from live performances to interactive events with leading artists and creators.
IMAX is headquartered in New York, Toronto, and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of June 30, 2022, there were 1,694 IMAX theater systems (1,610 commercial multiplexes, 12 commercial destinations, 72 institutional) operating in 87 countries and territories. Shares of IMAX China Holding, Inc., a subsidiary of IMAX Corporation, trade on the Hong Kong Stock Exchange under the stock code "1970."
IMAX®, IMAX® Dome, IMAX® 3D, IMAX® 3D Dome, Experience It In IMAX®, The IMAX Experience®, An IMAX Experience®, An IMAX 3D Experience®, IMAX DMR®, DMR®, Filmed For IMAX™, IMAX LIVE™, IMAX Enhanced™, IMAX nXos® and Films to the Fullest®, are trademarks and trade names of the Company or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Instagram (https://www.instagram.com/imax), Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube (www.youtube.com/imaxmovies).
For additional information please contact:
Investors:
Heather Anthony
hanthony@imax.xom
212.821.0121
Media:
Mark Jafar
mjafar@imax.com
212.821.0102
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SOURCE IMAX Corporation | https://www.kwch.com/prnewswire/2022/08/29/imax-attend-upcoming-investor-conferences/ | 2022-08-29T12:40:03Z | https://www.kwch.com/prnewswire/2022/08/29/imax-attend-upcoming-investor-conferences/ | false |
Robo advisor and hybrid investment solutions can help give clients control and confidence
CHARLOTTE, N.C., Aug. 29, 2022 /PRNewswire/ -- Truist Wealth has expanded its digital investment offerings with Truist Invest, a robo advisor, and Truist Invest Pro, a hybrid investing solution that combines automated investing with access to a team of financial advisors.
"Digital investing solutions are an example of Truist's T3 strategy which combines the client's preferred level of personalized touch and innovative technology to create trust," said Joseph M. Thompson, chief wealth officer at Truist. "Truist Invest and Truist Invest Pro provide simple and secure access to a portfolio that is purpose-built to help an investor achieve their goals and is backed by our investment expertise that can help individuals and families build better lives."
Truist Invest helps a client identify their goals, risk tolerance and existing investments to create a tailored portfolio recommendation. Once an account is opened, clients benefit from a daily portfolio analysis which drives opportunities for automated rebalancing and tax loss harvesting. Clients can also make changes to their preferences on demand to adapt to their changing financial situation and needs.
Truist Invest Pro is a hybrid investment solution that combines the digital capabilities of Truist Invest with advisor-driven advice. With Truist Invest Pro, clients gain unlimited access to a team of financial advisors who can help build a personalized portfolio and provide investment advice.
Truist designers, engineers, innovators and product managers co-created these digital investing experiences in client journey rooms at the Truist Innovation and Technology Center. This cross-functional team leveraged agile ways of working, direct feedback from clients and iterative product design to optimize Truist Invest and Truist Invest Pro prior to their launch earlier this year.
"Investors want digital solutions that are secure, intuitive to use, and able to help meet their needs whether they are a new or experienced investor," said Kacy Howard, senior vice president of digital investing at Truist Wealth. "Truist Invest and Truist Invest Pro can help give clients control and confidence in their portfolio whether they choose a fully digital or hybrid solution to invest in their future."
A Truist Invest or Truist Invest Pro account can be opened online in minutes with as little as $5,000. Clients can access their account details and activity in Truist online banking and the mobile app, and easily contact support teams whenever they need them. Annual fees are 0.50% for Truist Invest and 0.85% for Truist Invest Pro, calculated based on the assets under management with a $90 per account annual minimum.
To learn more about Truist Invest and Truist Invest Pro, potential investors can visit truist.com/investing-retirement/invest-pro.
About Truist Wealth
Truist Wealth delivers holistic wealth management solutions to affluent, high and ultra-high net worth individuals, families and business owners across the U.S. and abroad. Through its specialty wealth practice, Truist Wealth provides distinct solutions for individuals and businesses in the medical, legal, sports and entertainment industries, as well as corporate trust, escrow and institutional investment management services to public, private and non-profit organizations. In addition, Sterling Capital Management, a registered investment advisor and wholly owned subsidiary of Truist, provides investment management services to a diverse group of clients. Truist Wealth is part of Truist Financial Corporation (NYSE: TFC), a purpose-driven financial services company committed to inspiring and building better lives and communities. Learn more at Truist.com/wealth.
Truist Invest and Truist Invest Pro are offered by Truist Advisory Services, Inc., a SEC registered investment adviser (registration does not imply that the SEC or another agency has sponsored, recommended or approved the firm based upon registration) and Truist Investment Services, Inc., an SEC registered broker-dealer, member FINRA SIPC.
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SOURCE Truist Financial Corporation | https://www.kalb.com/prnewswire/2022/08/29/truist-wealth-expands-its-digital-investing-capabilities-with-truist-invest/ | 2022-08-29T12:40:12Z | https://www.kalb.com/prnewswire/2022/08/29/truist-wealth-expands-its-digital-investing-capabilities-with-truist-invest/ | true |
-4th Quarter Sales Increase 22% to a Record $43.2 Million-
-4th Quarter Recurring Service Revenues Increase 33% to $12.7 Million With 87% Gross Margins-
-4th Quarter Net Income Increases 36% to a Record $7.5 Million-
-4th Quarter Adjusted EBITDA* Increases 29% to $9.3 Million-
-Net Sales for the Year Increase 26% to a Record $143.6 Million-
-Net Income for the Year Increases 27% to a Record $19.6 Million-
AMITYVILLE, N.Y., Aug. 29, 2022 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading manufacturers and designers of high-tech electronic security devices, wireless recurring communication services for intrusion and fire alarm systems as well as a leading provider of school safety solutions, today announced financial results for its fourth quarter and fiscal year ended June 30, 2022.
Financial Highlights:
- Net sales for the quarter increased 22% to a quarterly record of $43.2 million as compared to $35.4 million for the same period last year. Net sales for the fiscal year increased 26% to a record $143.6 million as compared to $114 million last year.
- Recurring service revenue ("RSR") for the quarter increased 33% to $12.7 million as compared to $9.5 million for the same period last year. Recurring service revenue for the fiscal year increased 36% to $46.0 million as compared to $33.9 million for the same period last year. Recurring service revenue now has a prospective annual run rate of $54.0 million based on July 2022 recurring revenues.
- Gross margin for recurring service revenue remained robust for the quarter and year at 87% and 86%, respectively.
- Net income for the quarter increased 36% to a fourth quarter record $7.5 million as compared to $5.5 million for the same period a year ago. Net income for the year increased 27% to a record $19.6 million as compared to $15.4 million last year.
- Earnings per share (diluted) for the quarter increased 36% to $0.20 as compared to $0.15 for the same period a year ago. Earnings per share (diluted) for the fiscal year increased 27% to $0.53 as compared to $0.42 a year ago.
- Adjusted EBITDA* for the quarter increased 29% to $9.3 million as compared to $7.2 million for the same period a year ago. Adjusted EBITDA* for the fiscal year increased 13% to $22.6 million as compared to $20.1 million a year ago.
- Adjusted EBITDA* per share (diluted) for the quarter increased 25% to $0.25 as compared to $0.20 for the same period a year ago. Adjusted EBITDA* per share (diluted) for the fiscal year increased 11% to $0.61 as compared to $0.55 for the same period a year ago.
- Cash, cash equivalents and marketable securities were $46.8 million at June 30, 2022, an 16% increase as compared to $40.2 million at June 30, 2021. The Company had no debt as of June 30, 2022.
- Cash Provided by Operating Activities for the fiscal year was $8.3 million as compared to $23 million for the same period last year. This decrease was primarily due to Inventories increasing by $19.3 million during fiscal 2022.
Richard Soloway, Chairman and President, commented, "Our record-breaking fourth quarter of fiscal 2022 generated strong revenue growth, as we once again achieved the highest sales for any quarter in the Company's history, $43.2 million, representing a 22% increase over last year. Both equipment revenue (up 18%) and recurring service revenue (up 33%) contributed to the year over year quarterly sales growth. This was the seventh consecutive quarter of year-over-year overall sales growth. Our recurring service revenues now have a prospective annual run rate of approximately $54 million based on July 2022 recurring service revenues. Gross margin for recurring service revenue continued to be very strong for the quarter, coming in once again at 87%. I was also very pleased to see our gross margins on hardware continue to show improvement, increasing 800 basis points to 27% for the fourth quarter compared to last quarter's hardware margin of 19%. While the hardware margins continue to be affected by the ongoing impact of supply chain constraints and higher component prices, our strategy to temporarily sacrifice hardware gross margin by purchasing components at higher prices so that we can continue to manufacture radio communicators (which lead to continued high margin recurring revenue for each radio installed and operating), as well as other hardware products, is working well. Radio sales continues to be strong. This along with increased revenue from school security business, the strategic price increases we implemented in April 2022, improvements we have made to combat the ongoing supply chain issues and increased hardware sales, have allowed us to expand our hardware gross margin vs. last quarter and exceed street consensus estimates for Q4 on Revenue, EPS, Net Income and Adjusted EBITDA. Our net income for the quarter, $7.5 million, and for the year, $19.6 million were both Company records. Adjusted EBITDA* of $9.3 million for the quarter and $22.6 million for the year were also records for the NAPCO.
While we are pleased with the hardware gross margin improvement, we continue to work to restore margins to levels at or above those before the start of the supply chain crisis. Toward that goal, we are developing alternative sources for those micros that are in high demand and which are key components in our Starlink cellular radios. In addition, as hardware sales increase, gross margins should improve as a result of increased overhead absorption rates in our Dominican Republic manufacturing facility resulting from higher hardware sales levels.
Our commercial radio and fire alarm business, and the RSR associated with each, continues to significantly increase as commercial buildings must be kept secure. Additionally, the commercial fire alarm business is a mandated, non-discretionary business which means, in order to receive a certificate of occupancy for a building, a fire alarm system is mandatory and must always function in compliance with fire codes. Because of the essential nature and high profitability of this sector, the commercial fire alarm business continues to be one of the key areas on which we focus our resources.
The demand for our products continues to be very strong. Even with the aforementioned solid, record-breaking sales growth in Q4, our ability to fully meet this strong demand for our products continues to be somewhat constrained by the ongoing supply chain challenges, electronic component shortages and logistics delays. NAPCO's delivery performance has been excellent during these very difficult times. However, these aforementioned constraints have once again led to historically high backlog levels which may continue throughout calendar 2022, particularly for electronic products. The strong sales performance during Q4 was accomplished, in part, because NAPCO continues to remain focused on aggressively managing these logistical challenges to ensure that we remain well positioned to meet the needs of our customers. We continue to manage these issues by re-engineering products, searching for alternative and lower cost supply sources and delivery methods and continuing to work closely with our customers and suppliers to navigate through these extraordinary times.
Our balance sheet continues to be very strong, with cash and cash equivalents and marketable securities of $46.8 million and no debt at June 30, 2022. We also continue to leverage our strong balance sheet by purchasing difficult to get electronic components, which while resulting in a significant inventory increase, has also led to continued strong sales growth. This reflects management's strategic decision to continue to invest resources to maximizing the production and sales of its Starlink cellular radios which results in the highly profitable and continuous recurring revenue.
Our fully integrated technologies for the school security market continues to remain a top priority for NAPCO, given the overwhelming need for school security solutions. When schools re-opened last September and students returned to in-person learning, school shootings also returned, which has resulted in an uptick in activity in this sector. Now more than ever, we are laser focused on further penetration of the school security market, which is comprised of approximately 130,000 K-12's and 5,000 colleges and universities across the country, in order to supply the security solutions these schools so desperately need.
Mr. Soloway concluded, "I am very proud of our record-breaking fourth quarter and fiscal year 2022 performance. We achieved record sales and record profitability despite a turbulent economic operating environment including supply-chain issues and other operational challenges. The demand for our products and services continues to be very strong. We are confident that our seasoned management team has the experience and methods from previous supply chain shortages, such as multiple micro-chip famines, to deal with the volatility associated with shortages of electronic components, increased shipping costs and raw material price inflation. School security jobs are returning, and recurring service revenue remains strong. Our fundamental strategy continues to be to provide seamless security solutions for our customers and to continue to grow recurring revenue, now at a $54 million run rate, with both existing products as well as new ones, such as the unique to the industry AirAccess® products, which should generate a new stream of recurring revenue from the locking and access control segments of our business. Now, all of our major product lines will be in position to generate recurring revenue. As we enter fiscal 2023, we continue to remain focused on delivering significant value to our shareholders by generating continued strong record-breaking revenue growth as well as increased profitability for fiscal 2023 and beyond."
Financial Results
Net sales for the quarter increased 22% to a quarterly record of $43.2 million, as compared to $35.4 million for the same period one year ago. Net sales for the fiscal year ended June 30, 2022 increased 26% to a record $143.6 million as compared to $114.0 million for the same period a year ago. Research and development costs for the quarter increased 8% to $2.1 million or 5% of sales as compared to $1.9 million or 5% of sales for the same quarter a year ago. Research and development costs for the fiscal year ended June 30, 2022 increased 5% to $8.0 million or 6% of sales as compared to $7.6 million or 7% of sales for the same period last year. Selling, general and administrative expenses for the quarter increased 24% to $8.9 million or 21% of net sales, as compared to $7.2 million, or 20% of sales for the same period last year. Selling, general and administrative expenses for the fiscal year ended June 30, 2022 increased 31% to $32.9 million or 23% of net sales as compared to $25.2 million or 22% of net sales for the same period last year. The increase in selling, general and administrative expenses was due primarily to increased sales incentive compensation relating to the increase in net sales, as well as increases in tradeshow, stock-based compensation and legal expenses.
Operating income for the quarter increased 25% to $8.2 million as compared to $6.6 million for the same period last year. Operating income for the fiscal year ended June 30, 2022 increased 2% to 18.2 million as compared to $17.9 million for the same period last year. Net income for the quarter increased 36% to a fourth quarter record $7.5 million or $0.20 per diluted share as compared to $5.5 million or $0.15 per diluted share for the same period last year. Net income for the fiscal year ended June 30, 2022 increased 27% to a record $19.6 million or $0.53 per diluted share as compared to $15.4 million or $0.42 per diluted share in the same period last year. Operating income and net income for the quarter and fiscal year continue to be impacted by supply chain disruptions, which affected hardware gross margins, as well as the aforementioned increase in selling, general and administrative expenses.
Net income and earnings per share for the fiscal year ended June 30, 2022 both reflected Other income of $3.9 million which resulted from extinguishment of debt during the quarter ended September 30, 2021. Without such benefit, net income and earnings per share would have been $15.7 million and $0.43, respectively.
Adjusted EBITDA* for the quarter increased 29% to $9.3, million, or $0.25 per diluted share, as compared to $7.2 million, or $0.20 per diluted share for the same period last year. Adjusted EBITDA for the fiscal year ended June 30, 2022 increased 13% to $22.3 million or $0.61 per diluted share as compared to $20.1 million or $0.55 per diluted share in the same period last year.
Balance Sheet Summary
At June 30, 2022, the Company had $46.8 million in cash, cash equivalents and marketable securities as compared to $40.2 million as of June 30, 2021. Working capital (defined as current assets less current liabilities) was $93.1 million at June 30, 2022 as compared with working capital of $75.4 million at June 30, 2021. Current ratio (defined as current assets divided by current liabilities) was 4.5:1 at June 30, 2022, and 4.7:1 at June 30, 2021.
Conference Call Information
Management will conduct a conference call at 11 a.m. ET today, August 29 ,2022. Interested parties may participate in the call by dialing 1-877-407-4018 or for international callers, 1-201-689-8471, about 5-10 minutes prior to the start time of 11 a.m. ET. The conference call will also be available on replay starting at 2 p.m. ET on August 29, 2022 and ending on Monday September 5, 2022, 11:59 PM ET. For the replay, please dial 1-844-512-2921 domestically, or 1-412-317-6671 for international callers, and use the replay access code 13732519. In addition, the call will be webcast and will be available on the Company's website at www.napcosecurity.com.
About NAPCO Security Technologies, Inc.
NAPCO Security Technologies, Inc., is one of the leading manufacturers and designers of high-tech electronic security devices, wireless recurring communication services for intrusion and fire alarm systems as well as a leading provider of school safety solutions, The Company consists of four Divisions: NAPCO, plus three wholly owned subsidiaries: Alarm Lock, Continental Instruments, and Marks USA. Headquartered in Amityville, New York, its products are installed by tens of thousands of security professionals worldwide in commercial, industrial, institutional, residential and government applications. NAPCO products have earned a reputation for innovation, technical excellence and reliability, positioning the Company for growth in the multi-billion dollar and rapidly expanding electronic security market. For additional information on NAPCO, please visit the Company's web site at http://www.napcosecurity.com.
Safe Harbor Statement
This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management's judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, but are not limited to, statements relating to the impact of COVID-19 pandemic; the growth of recurring service revenue and annual run rate; the introduction of new access control and locking products; the opportunities for fire alarm products; and our ability to execute our business strategies. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those risk factors set forth in the Company's filings with the Securities and Exchange Commission, such as our annual report on Form 10-K and quarterly reports on Form 10-Q. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and the Company undertakes no duty to update such information, except as required under applicable law.
*Non-GAAP Financial Measures
Certain non-GAAP measures are included in this press release, including non-GAAP operating income and Adjusted EBITDA. We define Adjusted EBITDA as GAAP net income plus income tax expense, net interest expense, non-cash stock-based expense, non-recurring legal expense and depreciation and amortization expense. Non-GAAP operating income does not include amortization of intangibles or stock-based compensation expense. These non-GAAP measures are provided to enhance the user's overall understanding of our financial performance. By excluding these charges our non-GAAP results provide information to management and investors that is useful in assessing NAPCO's core operating performance and in comparing our results of operations on a consistent basis from period to period. Our use of non-GAAP financial measures has certain limitations in that such non-GAAP financial measures may not be directly comparable to those reported by other companies. For example, the terms used in this press release, such as Adjusted EBITDA, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. The presentation of this information is not meant to be a substitute for the corresponding financial measures prepared in accordance with generally accepted accounting principles. Investors are encouraged to review the reconciliation of GAAP to non-GAAP financial measures set forth above.
Contacts:
Patrick McKillop
Vice President of Investor Relations
NAPCO Security Technologies, Inc.
Office 800-645-9445 x 374
Mobile 516-404-3597
pmckillop@napcosecurity.com
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SOURCE NAPCO Security Technologies, Inc. | https://www.kwch.com/prnewswire/2022/08/29/napco-announces-fourth-quarter-fiscal-2022-results/ | 2022-08-29T12:41:47Z | https://www.kwch.com/prnewswire/2022/08/29/napco-announces-fourth-quarter-fiscal-2022-results/ | false |
- Personal vaccine made at point-of-care generated enhanced T-cell responses in 96.8% of evaluable subjects within 28 days
- Immediate and short-term toxicity is less than any other currently available COVID-19 vaccine
- Ships and stores at +4oC, enabling inexpensive and widespread distribution
IRVINE, Calif., Aug. 29, 2022 /PRNewswire/ -- AIVITA Biomedical, Inc., a biotech company specializing in innovative cell applications, today announced the publication of safety and efficacy results from Phase 1 and Phase 2 clinical trials investigating its anti-SARS-CoV-2 vaccine candidate AV-COVID-19 that is made at point-of-care by third-party personnel. The results were published in the article "A Personal COVID-19 Dendritic Cell Vaccine Made at Point-of-Care: Feasibility, Safety, and Antigen-Specific Cellular Immune Responses" in the journal Human Vaccines & Immunotherapeutics. Across both studies, AV-COVID-19 was well-tolerated with very few and low-grade adverse events. Single injections induced desirable antigen-specific T-cell responses in 94% of participants at 14 days and 97% of participants at 28 days.
"Our vaccine uniquely induces direct cell-mediated immune memory," explained Gabriel Nistor, M.D., chief science officer at AIVITA. "This is an important distinction from currently available COVID-19 vaccines which all induce a transitory antibody-mediated immune response."
"The superior safety profile is likely due to our vaccine containing only the subject's primed immune cells and none of the viral antigen, virus, mRNA, DNA, animal components or immune adjuvants found in other vaccines," said Robert O. Dillman, M.D., chief medical officer at AIVITA. "This may alleviate vaccine hesitancy, providing an option for those who are dubious of current vaccine modalities or have strict prohibitions regarding the use of animal components."
The objectives of these studies were to provide safety and immune response data for single injections of different formulations of the AV-COVID-19 SARS-CoV-2 vaccine and to also establish the feasibility of preparing personal dendritic cell vaccines at point-of-care.
In the double-blind, randomized Phase 1 trial, 31 subjects ages 20-62 years received one of nine formulations of autologous dendritic cells and lymphocytes (DCL) incubated with 0.10, 0.33, or 1.0 μg of recombinant SARS-CoV-2 spike protein, and then admixed with saline or 250 or 500 μg of granulocyte-macrophage colony-stimulating factor (GM-CSF). Subjects were assessed for safety and humoral response. All formulations were well-tolerated with no acute allergic events, serious adverse events (SAE), or grade 3 or 4 adverse events (AE). Immune response was determined by an enzyme-linked immunosorbent assay (ELISA) used to measure antigen-specific immunoglobulin levels specific for the S-protein recombinant binding domain (RBD). Comparisons were made between results at day-0 and day-28. Investigators found that 21/30 (70%) subjects had an increase in anti-RBD antibody levels on day-28.
In the double-blind, randomized Phase 2 trial, 145 subjects ages 19.5-82.5 years received one of three formulations of the personalized dendritic cell-lymphocyte product, then were assessed for safety and cellular response. All three formulations of the vaccine were well-tolerated with no high-grade or serious adverse events reported. The percentage of patients reporting any adverse events was 52.9%. The percentage of patients with grade 1 adverse events was 47.1% and the percentage of patients with grade 2 adverse events was 5.8%. Immune response was determined using an enzyme-linked assay (ELISPOT) which assessed T-lymphocyte responses against the spike protein. Subjects who had a SARS-CoV-2 response prior to vaccination were omitted from efficacy calculations, as this would infer prior infection or vaccination. Of the 126 evaluable subjects, 119 (94.4%) had increased ELISPOTS by day 14 and 122 (96.8%) by day 28.
The successful manufacturing of vaccines for 176/176 subjects across two study sites supports the feasibility of point-of-care vaccine production in minimally equipped facilities by minimally trained third-party technicians using AIVITA's Vaccine-Enabling Kit.
"As COVID-19 rates continue to spike globally with new variants, many regions are still without access to COVID-19 vaccines due to their lack of ultra-cold chain distribution required by mRNA vaccines, the lack of supply, or the high cost," said Hans S. Keirstead, Ph.D., chief executive officer at AIVITA. "Our Vaccine-Enabling Kit can be shipped anywhere in the world, enabling distributed scaled manufacturing, and can be modified within days to accommodate new variants or entirely new pathogens."
About AIVITA's Vaccine-Enabling Kit
AIVITA's Vaccine-Enabling Kit enables a subject-specific personal vaccine that consists of autologous dendritic cells and lymphocytes incubated with a quantity of SARS-CoV-2 spike protein. Creation of the vaccine requires basic laboratory techniques and AIVITA's ready-made kit of materials. Treatment starts with a blood draw from which the subject's own immune cells are isolated and monocytes matured into antigen-presenting dendritic cells. The patient's dendritic cells and lymphocytes are incubated with spike protein and delivered as a single dose of preventative vaccine via a single subcutaneous injection.
About AIVITA Biomedical
Founded in 2016 by pioneers in the cell therapy industry, AIVITA Biomedical, Inc. utilizes its expertise in cell growth and directed, high-purity differentiation to enable safe, efficient and economical manufacturing systems which support its therapeutic pipeline. Our cancer immunotherapy targets the seed of all cancers, tumor-initiating cells, with a unique pan-antigenic approach that targets all neoantigens specific to the patient's cancer. Our patient-specific cancer treatments have shown tremendous promise in eradicating tumors, without harmful side effects, in melanoma and glioblastoma clinical studies. Our COVID-19 Vaccine Enabling Kit is targeted to emerging nations enabling point-of-care vaccine production in minimally equipped facilities by minimally trained third-party technicians.
Cautionary Note Regarding Forward-Looking Statements
This communication contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as applicable. Forward-looking statements include, but are not limited to, statements regarding our plans, beliefs, expectations and assumptions, as well as other statements that are not necessarily historical facts. You are cautioned that these forward-looking statements are only predictions and involve risks and uncertainties. Further, any forward-looking statement speaks only as of the date as of which it is made, and we do not intend to update or revise any forward-looking statements. This communication also contains market data related to our business and industry which includes projections that are based on a number of assumptions we believe are reasonable and most significant to the projections as of the date of this communication. If any of our assumptions prove to be incorrect, our actual results may significantly differ from our projections based on these assumptions. This communication is neither an offer to sell nor a solicitation of an offer to buy any of the securities described herein.
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SOURCE AIVITA Biomedical, Inc. | https://www.wbrc.com/prnewswire/2022/08/29/aivita-biomedical-announces-publication-phase-1-phase-2-trial-results-its-covid-19-vaccine-candidate/ | 2022-08-29T12:42:10Z | https://www.wbrc.com/prnewswire/2022/08/29/aivita-biomedical-announces-publication-phase-1-phase-2-trial-results-its-covid-19-vaccine-candidate/ | true |
AUSTIN, Texas, Aug. 29, 2022 /PRNewswire/ -- WIN-911 ("WIN-911" or "the Company"), a leading provider of industrial monitoring, alerting and notification software, today announced the appointment of Joel Rosen to the Company's Board of Directors. Mr. Rosen brings a breadth of perspective from his experience as an operating executive, board member, private equity investor and manager of consulting teams. WIN-911 is backed by Capstreet, a Houston-based lower middle market private equity firm.
"Joel's experience working with companies in cybersecurity, industrial automation and critical event management will be a valuable asset to our Company's growth plans," said Greg Jackson, CEO of WIN-911. "Having served on the boards of nine growth companies, Joel will provide key insights as we plan to expand WIN-911 organically and through acquisitions."
Most recently, Mr. Rosen was the Chief Marketing Officer at Everbridge, where he collaborated with technical leaders to broaden its offerings and to create the Critical Event Management (CEM) SaaS space. He also served on the board of cybersecurity and industrial automation software company, PAS, through its acquisition by Hexagon AB. Prior to that, Mr. Rosen was Executive Vice President, Product and Marketing, for Endurance International Group. Early in his career, he was President and CEO of Tizor Systems, President and CEO of NaviSite, and as Executive Vice President at Aspen Technology, he was the chief architect of the strategy that broadened the company's technology to a full lifecycle manufacturing software suite.
"I'm excited to join the board of a company with such an impressive and critically necessary platform," said Mr. Rosen. "WIN-911's ability to help customers accelerate their teams' response to plant system alarms can enhance both the performance and safety of operations."
Rick Pleczko, CEO of Capstreet Operating Executive Group and Executive Chair at WIN-911, added, "Joel stood out to us for his skill at helping brands build recognition as market leaders and his ability to create and execute growth strategies for companies of all sizes. We look forward to the new ideas he will undoubtedly bring to WIN-911."
About WIN-911
Headquartered in Austin, Texas, WIN-911 is a leading provider of industrial monitoring, alerting and notification software. WIN-911 helps protect over 19,000 facilities in 85 countries on six continents. The company delivers critical machine alarms via smartphone app, voice, text, email, and in-plant announcer, which helps speed operator response times and reduce system downtime and maintenance costs. For more information, visit www.win911.com.
About Capstreet
Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With over 45 platform investments and over 200 add-on acquisitions since inception, Capstreet's investment strategy is focused on utilizing its Capvalue Framework™ to help accelerate growth and profitability, and create long term sustainable businesses. The majority of Capstreet's investments have been with founder- or entrepreneur-owned businesses. For more information, visit the Capstreet website, www.capstreet.com.
Contact:
Lambert
Jennifer Hurson, 845-507-0571, jhurson@lambert.com
or
Joanne Lessner, 212-222-7436, jlessner@lambert.com
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SOURCE Capstreet | https://www.wbrc.com/prnewswire/2022/08/29/capstreet-backed-win-911-appoints-joel-rosen-board-directors/ | 2022-08-29T12:43:02Z | https://www.wbrc.com/prnewswire/2022/08/29/capstreet-backed-win-911-appoints-joel-rosen-board-directors/ | false |
Taylor Swift took home the top prize at the 2022 MTV Video Music Awards on Sunday before she closed out the show with a surprisingly big announcement: Her new album.
“I thought it would be a fun moment to tell you that my new album comes out Oct. 21,” said Swift after she won video of the year for her project “All Too Well: The Short Film" (10 minute version), which claimed best long form video and direction. “I will tell you more at midnight.”
Swift said on social media that her upcoming 10th studio album would be called “Midnights,” which she says will involve “stories of 13 sleepless nights scattered throughout my life.” Her upcoming album comes after she released “Folklore” and “Evermore.” Both projects came out five months apart two years ago. “Folklore” won album of the year at the 2021 Grammy Awards.
The pop star's reveal came at the end of her acceptance speech where she praised the other women in the category - which included Doja Cat and Olivia Rodrigo.
“I know with every second of this moment that we wouldn’t be able to make this short film if it weren’t for you - the fans," she said. "I wouldn’t be able to re-record my albums if it wasn’t for you. You emboldened me to do that.”
Swift spoke earlier about creating her first short film, giving thanks to several including actors Sadie Sink and Dylan O’Brien who starred in the project.
“We put our entire hearts into this,” Swift said.
Rapper Jack Harlow made his mark throughout the entire show. He kicked off the show with a performance inside a mock airplane walking down aisle while performing his hit song “First Class,” which was sampled by Fergie’s “Glamorous.” The rapper joined Fergie onstage - who wore a sparkling silver dress with the red words “First Class” - while she sang her 2006 jam.
“Thank you to Fergie for coming out with me tonight and clearing this song,” said Harlow after “First Class” won the award for song of the summer later in the show. “The beauty of this song is that people don’t realize it’s so hip-hop because of the sampling. To bring Fergie into the mix in this way means the world to me. It’s truly full circle. ‘Glamorous’ was one of the most important songs of my childhood.”
During the show, Depp made a surprise appearance as the Moon Man nearly three months after the verdict in his defamation trial with his former wife Amber Heard. The 59-year-old actor appeared to float from the ceiling while wearing the iconic astronaut outfit with his face digitally inserted into custom’s helmet.
“And you know what? I needed the work,” Depp told the audience at the Prudential Center in Newark, New Jersey.
Lizzo had Taylor Swift dancing out of her seat while she performed her new single “2 Be Loved (Am I Ready).” Lizzo won an award for video for good for “About Damn Time.”
Harlow’s name was called to come right back onstage to collect the show’s first award for his guest appearance on Lil Nas X’s song “Industry Baby,” which won for best collaboration, art direction and visual effects. Harlow, Lil Nas X and Kendrick Lamar each entered the awards tied for leading nominees with seven apiece.
“This one is for the champions,” said Lil Nas X before Harlow thanked him for the collaboration on the chart-topping single.
Harlow, in addition to performing and winning awards, joined LL Cool J and Nicki Minaj as the show’s hosts.
Minaj performed a medley of her career’s biggest hits from “Roman’s Revenge,” “Chun-Li,” “Moment 4 Life,” “Beez in the Trap,” “Anaconda” and “Super Bass.” After her set, the rapper accepted the show’s Video Vanguard award, which MTV has said she’s receiving for her artistry, barrier-breaking hip-hop and status as a global superstar. The honor is named after Michael Jackson.
During her acceptance speech, Minaj paid tribute to other music icons such as Jackson, Whitney Houston and Lil Wayne. She spoke about the importance of mental health.
“I wish people took mental health seriously, even when you think they have the perfect lives,” said Minaj, who later won best hip-hop for her song “Do We Have a Problem?” featuring Lil Baby.
Harry Styles won album of the year for “Harry's House.” He was unable to attend the awards due to his show at Madison Square Garden in New York.
Bad Bunny performed his hit “Titi Me Pregunto” from Yankee Stadium after he won artist of the year.
“I have been saying it and I always believed from the beginning that I could become great," he said. "That I could become one of the biggest stars in the world without having to change my culture, my language, my jargon. I am Benito Antonio Martínez from Puerto Rico to the whole world, thank you!”
Eminem and Snoop Dogg brought the metaverse to the VMAs as the duo performed “From the D 2 The LBC,” which was featured on Eminem's greatest hits album “Curtain Call 2.”
The Red Hot Chili Peppers took the stage as the recipients of the Global Icon award after being introduced by Cheech & Chong as their “favorite band of all time.” The band - which consists of Anthony Kiedis, Flea, Chad Smith and John Frusciante - performed several songs including their classic “Can't Stop” from the the group's 2002 album “By the Way” and their recent hit “Black Summer,” which won best rock.
Flea made a speech about his love for human beings along with cockroaches, trees and dirt. Smith, the band's drummer, dedicated the award to Taylor Hawkins, the late Foo Fighters drummer who died early this year.
“I dedicate this to Taylor and his family,” he said. “I love them and I miss him every day.”
Madonna, who is the most awarded artist in MTV history with 20 wins, became the only artist to receive a nomination in each of the VMAs five decades. She earned her 69th nomination for her 14th studio album “Madame X.” | https://www.wthr.com/article/news/nation-world/taylor-swift-new-album/507-3c481f7d-da30-4fa2-9ef5-045a207135a5 | 2022-08-29T12:43:03Z | https://www.wthr.com/article/news/nation-world/taylor-swift-new-album/507-3c481f7d-da30-4fa2-9ef5-045a207135a5 | false |
Iran says nuclear deal 'meaningless' without end to watchdog's probe
Iranian President Ebrahim Raisi's comments at a press conference came as Tehran reviews the US response to its suggestions on a "final" text put forward by the EU to salvage the landmark nuclear deal
The Iranian president on Monday said reviving a 2015 deal with world powers will be pointless unless the UN nuclear watchdog puts an end to its probe of undeclared sites in the country.
Ebrahim Raisi's comments came as Tehran reviews the US response to its suggestions on a "final" text put forward by the EU to salvage the landmark deal.
The United States had remained adamant that Tehran cooperate with the International Atomic Energy Agency to clear up suspicions about earlier work at three undeclared sites.
"In the negotiations, safeguard issues are one of the fundamental ones. All of the safeguard issues must be resolved," Raisi told reporters at a press conference in the capital Tehran.
"Without resolving the safeguard issues, talking about the agreement is meaningless," he added.
Iran has repeatedly urged the IAEA to end the issue before any revived deal is implemented but US State Department spokesman Vedant Patel on Thursday said "we do not believe there should be any conditionality" between that issue and the JCPOA, as the deal is known.
Patel called on Iran to answer the IAEA's questions about the three sites.
In June, the IAEA's board of governors adopted a resolution censuring Iran for failing to adequately explain the previous discovery of traces of enriched uranium at three sites not declared by Tehran as having hosted nuclear activities.
The agreement between Iran and six world powers -- Britain, China, France, Germany, Russia and the United States -- gave the Islamic republic sanctions relief in exchange for curbs on its nuclear programme.
Since taking office in 2021, President Joe Biden has sought to return the US to the deal unilaterally abandoned by his predecessor Donald Trump in 2018.
The Vienna talks, which began in April last year, aim to return the US to the nuclear pact, including through the lifting of sanctions on Iran, to return Tehran to full compliance with its commitments.
The indirect negotiations between Tehran and Washington have so far been carried out through the mediation of the European Union.
The 2015 deal, known formally as the Joint Comprehensive Plan of Action or JCPOA, aimed to prevent Iran from developing a nuclear weapon -- something it has always denied wanting to do.
"Nuclear weapons have no place in our defense doctrine," Raisi reiterated on Monday. | https://www.dailymail.co.uk/wires/afp/article-11156725/Iran-says-nuclear-deal-meaningless-without-end-watchdogs-probe.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-29T12:43:03Z | https://www.dailymail.co.uk/wires/afp/article-11156725/Iran-says-nuclear-deal-meaningless-without-end-watchdogs-probe.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
News from Alabama Public Radio is a public service in association with the University of Alabama. We depend on your help to keep our programming on the air and online. Please consider supporting the news you rely on with a donation today. Every contribution, no matter the size, propels our vital coverage. Thank you. | https://www.apr.org/2022-08-29/micky-mantle-topps-rookie-card-sold-at-auction-for-12-6-million | 2022-08-29T12:45:14Z | https://www.apr.org/2022-08-29/micky-mantle-topps-rookie-card-sold-at-auction-for-12-6-million | true |
Hyderabad to get 13 more link roads in one year; check out proposed locations
The Road Development Corporation and civic authorities are on a mission to identify and construct missing link roads in the city. A total of more than 100 link roads will be constructed in different phases.
Hyderabad: In a great relief to the commuters in Hyderabad, the road connectivity in the city is expected to become better as the Hyderabad Road Development Corporation Limited (HRDCL) is planning to build 13 more link roads across the city within one year.
The new link roads will reduce the traffic burden and will improve connectivity in all regions of the city. The officials have identified the missing link roads and the process for land acquisition has been started in many areas. The estimated cost for all 13 bridges is Rs 293 crores.
The 13 proposed link roads in Hyderabad
- Firing Katta to NTR statue road in Jawahar Nagar -2.10 km
- NTR statue to Dammaiguda road -1.90 km
- NTR statue to Dumping yard Jawaharnagar -2.35 km
- NTR statue to Vampuguda road -1.20 km
Rose Garden Function Hall Dammaiguda to Nagaram road connecting to ECIL -2.80 km- Cheriyala JNNURM Housing Colony to Ahmedguda/RGK -1.70 km
- Rampally X Road to Sy No. 421, Near HP Petrol Pump -3.90 km
- Sy No. 421 (Near HP Petrol Pump) to Yamnampet up to Nagaram -3.10 km
- Yamnampet to ORR service Road in Pocharam -2.10 km
- Shivareddyguda to Madhav Reddy Bridge in Ghatkesar -2.50 km
- Cherlapally to ORR service road via Karimguda -3.80 km
- Yamanampet flyover to Double bedroom houses in Nagaram -2.60 km
- Cherlapally BSNL office to Rampally Jn -3.30 km
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The Phase III of the project is carried out in five packages. Seven stretches were taken up under package I at a cost of Rs 304 crore and package II had 10 stretches at an estimated cost of Rs 330 crore. The current project is under package III. Package IV, and V will cover 11 and nine stretches at Rs 287 crore and 152 crores respectively.
The municipal administration and urban development (MA&UD) department has recently sanctioned Rs 2410 crore for 104 roads and corridors within the Greater Hyderabad region and 10 adjoining urban local bodies (ULBs).
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End of Article | https://www.timesnownews.com/hyderabad/hyderabad-to-get-13-more-link-roads-in-one-year-check-out-proposed-locations-article-93856330 | 2022-08-29T12:45:42Z | https://www.timesnownews.com/hyderabad/hyderabad-to-get-13-more-link-roads-in-one-year-check-out-proposed-locations-article-93856330 | false |
Artemis I, the first mission in NASA's ambitious program to get humans back to the moon, has suffered a setback just hours before liftoff, forcing Monday morning's launch to be scrubbed. The agency will now target a back-up window that opens on Friday, Sep. 2.
After a brief weather delay, things looked on track but a couple of technical issues arose during fuel loading.
As the rocket's boosters were being filled with liquid oxygen, NASA engineers noted Engine 3 was "not properly being conditioned through the bleed process." This process is meant to allow the engines to get to the proper temperature by releasing a small amount of the fuel. It wasn't working.
NASA also noted there was a "crack" in the thermal protection system material on one of the flanges of the core stage but it was later revealed to be a consequence of the super-chilled propellant -- not a structural issue.
After about an hour trying to troubleshoot the bleed problem in Engine 3, the team met with launch director Charlie Blackwell-Thompson to discuss how to move forward, but Artemis I's launch was officially scrubbed. | https://www.cnet.com/science/space/nasas-artemis-i-moon-launch-delayed-due-to-engine-issues/ | 2022-08-29T12:46:29Z | https://www.cnet.com/science/space/nasas-artemis-i-moon-launch-delayed-due-to-engine-issues/ | true |
Pre-Feasibility Study Delivers Robust Economics before Accounting for Tax Credits Enacted by the U.S. Inflation Reduction Act of 2022, Expected to Improve Post-tax Results
Projected Commercial Scale Anode Material Production for U.S. Battery Market Using Alaska Graphite
VANCOUVER, BC, Aug. 29, 2022 /PRNewswire/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) ("Graphite One" or the "Company"), is pleased to announce the results of its Pre-Feasibility Study of the Graphite One Project.
- Parallel strategy to simultaneously develop a commercial scale battery anode materials manufacturing facility in Washington State and the Graphite Creek Mine in Alaska. Manufacturing would begin with purchased materials until Alaska production is available.
- Pre-tax internal rate of return of 26.0%, using an 8% discount rate, with a net present value of $1.93 billion and a payback period of 4.6 years.
- Post-tax internal rate of return of 22.0%, using an 8% discount rate, with net present value of $1.36 billion and a payback period of 5.1 years, before accounting for tax credits enacted by the U.S. Inflation Reduction Act of 2022, effective December 31, 2022.
- Measured plus Indicated resources increased 197% over 2019 results. Inferred resources increased 177%.
The Preliminary Feasibility Study ("PFS") of the Graphite One Project was prepared by JDS Energy & Mining Inc. with assistance from various independent technical consultants.
The Graphite One Project (the "Project") is planned as an integrated business operation to produce lithium ion battery anode materials and other graphite products for the U.S domestic market on a commercial scale using primarily natural graphite from Alaska. The Project combines the operation of an advanced graphite manufacturing facility to be located in Washington State (the "STP") with the supply of natural flake graphite from the Company's proposed Graphite Creek Mine in Alaska (the "Mine"). The resources associated with the Company's Alaska State mining claims were cited by the U.S. Geological Survey in January 2022 as America's largest natural graphite deposit1.
The Company anticipates that there will be a business opportunity presented by the projected strong U.S. demand for anode materials beginning in this decade and the time required to permit and construct a mine, the PFS plans the parallel design, permitting and construction of the STP and the Mine. Permitting and construction of the STP is estimated to take 3 years. The STP would operate during the first four years by processing purchased graphite. The Mine would begin production in the third year of STP operation and begin supplying graphite to the STP in its fourth year of operation. By the fifth year, it is anticipated that Alaska graphite would supply 100% of the STP's planned natural graphite requirement at full capacity. If the Mine begins production sooner, purchased graphite would be reduced accordingly.
Table 1 presents a summary of the economic results of the PFS.
Table 1: Summary of PFS Economic Results
The U.S. tax regime for producers of critical minerals and battery components changed August 16, 2022 (see below). The Project's post-tax internal rate of return without inclusion of these changes, is 22.0%, using an 8% discount rate, with a net present value of $1.36 billion and a payback period of 5.1 years.
On August 16, 2022, the United States enacted the Inflation Reduction Act of 2022 (the "Act") which instituted, among other things2:
- A tax credit to producers in the U.S. of anode materials equal to 10 percent of the costs incurred with respect to the production of anode materials commencing December 31, 2022 and reducing to 75%, 50%, 25%, and 0% in 2030, 2031, 2032 and thereafter, respectively.
- A tax credit equal to 10 percent of the costs incurred with respect to production of graphite purified to a minimum purity of 99.9 percent graphitic carbon by mass ("Purified Graphite") – the phase out provisions in 1 specifically do not apply.
- Only production in the United States qualifies for the tax credit.
Graphite One's production is expected to qualify under the Act for tax credits in both categories as it plans to produce both anode materials and Purified Graphite in the United States, as defined in the Act. The Company will evaluate the Act's impact on the PFS economics and announce the results when available. The impact is expected to improve the post-tax results.
Based on the PFS's updated graphite resource estimate, the Mine's life for the purposes of the PFS is 23 years. The PFS assumes the STP's operational life is 26 years based on its startup with purchased graphite and continued operation with graphite from the Mine.
On average over its life, the STP would produce about 75,000 tonnes per year of products. About 49,600 tpy would be anode materials, 7,400 tpy purified graphite products, and 18,000 tpy of unpurified graphite products. The anode materials are comprised of four products:
- CPN: Coated, spherical natural graphite;
- BAN: Blended natural and artificial graphites;
- SPN: Secondary particle natural graphite; and,
- SPC: Secondary particle composite.
Based on the PFS assumptions, the average price of all products over the STP's life is $7,301 per tonne. Product forecasts and prices have been developed based on numerous graphite market reports commissioned by or purchased by the Company, combined with the Company's internal information. The long-term market forecast used is based on Wood Mackenzie Limited's Graphite Market 2021 Outlook to 2050, updated by its Global Graphite Market Strategic Planning Outlook – Q2 2022. Purchased graphite prices have been supported by non-binding indications of supply from current producers.
The estimated initial capital and sustaining capital costs with their respective contingencies are summarized in Table 1. Also presented are the average annual production costs for the life of the Project on both the basis of annual totals and costs per tonne of production.
The STP is designed to produce lithium ion battery anode materials on a commercial scale for the U.S. domestic market using natural graphite from Alaska as soon as it is available. At full capacity, it requires about 34.5 hectares (85 acres) of land, consists of 17 buildings, and would annually produce about 77,000 tonnes of manufactured graphite products. The products are grouped into battery anode materials, specialty purified graphite products, and traditional unpurified graphite products. The products are manufactured from natural graphite concentrate, artificial graphite precursors, coke and pitch. Key components of the manufacturing process are the purification of natural graphite and graphitization of artificial graphite precursors in high temperature, electrically heated furnaces. The STP's preferred location is in Washington State to access both its relatively lower power rates from hydro generated electricity and its skilled workforce.
Permitting and construction of the STP, once its design is finalized, is expected to take three years. The STP would be constructed in two phases, each with almost identical equipment and production capacity. An exception is that Phase 2 has three furnace lines, Phase 1 has two. Phase 1 is assumed to operate at 90% capacity for the first year to allow for start up adjustments. Thereafter it would operate at full capacity. Phase 2 would come on stream in Year 2 and the STP would operate at full capacity.
The STP, at full capacity (Table 2), is designed to produce 51,167 tpy of anode materials for the electric vehicle and energy storage battery markets; 7,585 tpy of purified, sized material for the speciality graphite market; and 18,622 tpy for the unpurified, traditional graphite market. Total annual production would be 77,374 tonnes based on the expected annual production capacity. The average annual production over 26 years in the PFS is 75,026 tonnes.
Table 2: STP Products and Prices
The Mine would produce an average of 51,813 tonnes per year of graphite concentrate for the projected 23-year mine life. The deposit would be mined with conventional open pit mining methods including drilling, blasting, loading, and hauling. The strip ratio in the PFS plan is 2.2:1 with an ore cut-off grade of 2.0% graphitic carbon and an average head grade of 5.6% graphitic carbon. The pit would be mined in six phases over a period of 24 years. One year of pre-stripping would occur prior to the start-up of the process facility. Ore will be hauled to a process facility which would be built adjacent to the pit. Run of mine waste would be comingled with dewatered process tails and placed in waste dumps.
The process facility would process an average of 2,860 tpd for 365 days per year. The flowsheet design is based on metallurgical test work conducted at SGS Canada Inc.'s facilities at Lakefield, Ontario. The flowsheet consists of a jaw crusher that feeds a semiautogenous grinding circuit. After grinding, the ore is subjected to a series of seven flotation/regrind steps. The flotation/regrind steps are designed to recover the graphite at its largest possible flake size while still maintaining a concentrate with a graphitic carbon grade of greater than 95%. The graphite concentrate would be filtered and dried on site. The dried concentrate would be bagged and shipped by barge from Nome, Alaska to the STP in Washington during the annual shipping season. The tails from the flotation circuit would be dewatered, comingled with the waste rock, and placed in a lined waste storage facility. Any drainage from the lined waste storage facility would be treated through a water treatment plant prior to discharge.
The risks and uncertainties identified for the Project are generally described in the Company's quarterly Management's Discussion and Analysis statements3. These cover the Project's financial, mining, processing, operating, market, and regulatory risks, all of which are common with similar projects.
Other identifiable risks and uncertainties specific to the Project include:
- Purchase of market graphite in advance of receiving Alaska graphite: While there is no certainty that the Company will be successful in purchasing graphite prior to receiving production from the Mine in the quantities and pricing projected in the PFS, based on industry forecasts and preliminary inquiries, the Company believes this is achievable. It is recommended that the Company begin contracting for this supply as soon as possible.
- STP's advanced processing technologies: In April 2022, the Company announced its MOU with Sunrise (Guizhou) New Energy Material Co., Ltd. ("Sunrise")4. The intent is for the parties to develop an agreement to share expertise and technology for the design, construction, and operation of the STP. There is no guarantee that the agreement will be finalized. The MOU's term was recently extended and Sunrise is in the process of preparing anode materials for sample purposes from Graphite Creek concentrate produced from graphite recovered during exploration.
- STP site selection: The STP's site has not been finalized. The Company, working with the Washington State Department of Commerce, identified several potential locations. For the purposes of the PFS, a location in Lewis County was assumed. Site selection is to be finalized as soon as possible.
- Availability of capital: For the Project presented in the PFS to be realized, the Company must acquire the required capital in a timely manner. There is no certainty that this is achievable. The Company is encouraged by the support of its investors to date and believes the recent enactment of the Inflation Reduction Act of 2022 provides investors with additional incentive to support the industry.
The Graphite Creek property (the "Property") is located on the Seward Peninsula, Alaska about 60 km North of Nome. The Property comprises 9,600 hectares (23,680 acres) of State of Alaska mining claims. The claim block consists of 176 claims, of which 163 are wholly owned by Graphite One (Alaska) Inc. and 13 are leased to Graphite One (Alaska). The graphitic mineral zone is exposed on the surface and strikes East/Northeast along the North face of the Kigluaik Mountains. The geophysical expression of the deposit spans more than 16 km (Figure 1).
Through 2021, 66 holes have been completed in the resource area for a total of 10,112 meters of drilling. The resource data base consists of 6,412 assays. The resource remains open down dip and along strike to the East and West.
The Mineral Resource Estimate for Graphite Creek was updated with data through the 2021 Drill Program. The methodology used was similar to that described in the 2019 NI 43-101 report with a lower angle interpretation of the Kigluaik Fault and an additional estimation between interpreted graphite lodes. A lower cutoff grade of 2% Cg was used in 2022 due to updated mining and processing information, particularly with the integration of the STP.
The updated resource estimate provided in the PFS is presented in Table 3.
Comparisons to the previous resource estimate from the 2019 NI 43-101 report are summarized in Table 4.
The Inferred category's tonnage increased 177%; Indicated, 201%; and Measured, 176%. Contained graphite in the Inferred category increased 77%; Indicated, 101%; and Measured 101%. There is a corresponding drop in graphite grade in each category.
Table 5 provides the same comparison as Table 4 between the PFS and the 2019 report but with a 2% cutoff grade. The Inferred category's tonnage increased 36%; Indicated, 65% and Measured, 70%. Contained graphite in the Indicated category increased 20%; Indicated, 43%; and Measured, 54%.
The Mine is planned as a conventional open-pit operation using drilling, blasting, loading and hauling. The Mineral Reserves, summarized in Table 6, were estimated through the process of pit optimization, pit design, mine scheduling and cut-off grade optimization. Over a 23-year life, the Mine is expected to produce 22.5 million tonnes of ore with an average grade of 5.6% Cg, at a 2.2:1 strip ratio. Peak mine production is expected to be approximately 11,000 tonnes per day.
The PFS for the Project will be incorporated in a National Instrument 43-101 technical report that will be available under the Company's SEDAR profile at www.sedar.com, and the Company's website, within 45 days of this news release. The affiliation and areas of responsibility for each of the independent Qualified Persons (as defined under NI 43-101) involved in preparing the PFS, upon which the technical report will be based, are as follows ("QPS"):
The Qualified Persons for this news release are Robert Retherford, P.Geo. and Richard Goodwin, P.Eng. Mr. Retherford has reviewed this news release and verified that it accurately represents the geology and resource estimate that is stated. Mr. Goodwin has also reviewed this news release and verified that it accurately represents the findings of the PFS.
During the course of their work, the QPs have validated the data that each used in the formulation of the resource estimate and PFS findings. This includes such items as: site inspections, core sampling and assays, laboratory test work, core logs, environmental and community factors, metallurgical test work, taxation and royalties, and surveys. Both existing and new data that was collected through the course of the study were validated and used by the various QPs to inform their work. Details regarding the data used and quality assurance and quality control procedures that were employed by each QP in the preparation of the resource estimate and PFS will be included in the PFS as well as further definition on the precise roles, qualifications, and responsibilities of each QP.
The Company has included certain non-IFRS financial measures in this news release, such as Initial Capital Costs and Sustaining Capital Costs, which are not defined under IFRS and do not have a standardized meaning prescribed by IFRS. As a result, these measures may not be comparable to similar measures reported by other companies. Each of these measures used are intended to provide additional information to the user and should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS.
Certain Non-IFRS financial measures used in this news release are defined below.
Initial Capital Costs: Initial capital costs include the upfront capital investment required for mine construction and related infrastructure capital costs in Alaska and the construction of the STP in Washington State.
Sustaining Capital Costs: Sustaining capital is the ongoing capital investment to sustain and maintain mining, processing and graphite production infrastructure including but not limited to mining, production of graphite products, on-site development, and closure costs.
Total Capital Costs: Total Capital Costs are the sum of Initial Capital Costs and Sustaining Capital Costs.
GRAPHITE ONE INC. (GPH: TSX–V; GPHOF: OTCQB) continues to develop its Graphite One Project (the "Project"), with the goal of becoming an American producer of high grade anode materials that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade anode materials primarily for the lithium–ion electric vehicle battery market. As set forth in the Company's 2022 Pre-Feasibility Study, potential graphite mineralization mined from the Company's Graphite Creek Property is expected to be processed into concentrate at a graphite processing plant. The proposed processing plant would be located on the Graphite Creek Property situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska. Graphite anode materials and other value–added graphite products would be manufactured from the concentrate and other materials at the Company's proposed advanced graphite materials manufacturing facility expected to be located in Washington. The Company intends to make a production decision on the Project upon the completion of a Feasibility Study.
On Behalf of the Board of Directors
"Anthony Huston" (signed)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. Generally, forward–looking information can be identified by the use of forward–looking terminology such as "proposes", "expects", or "is expected", "scheduled", "estimates", "projects", "intends", "assumes", "believes", "indicates" or variations of such words and phrases that state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
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:
All forward-looking statements are based on the Company's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. The most significant assumptions are set forth above, but generally these assumptions include:
Although the Company's management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Many forward-looking statements are made assuming the correctness of other forward-looking statements, such as statements of net present value and internal rates of return, which are based on most of the other forward-looking statements and assumptions herein. The cost information is also prepared using current values, but the time for incurring the costs will be in the future and it is assumed costs will remain stable over the relevant period.
Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions.
Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this news release have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum 2014 Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the SEC, and mineral resource and reserve information contained herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term "resource" does not equate to the term "reserves". Under U.S. standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC's disclosure standards normally do not permit the inclusion of information concerning "measured mineral resources", "indicated mineral resources" or "inferred mineral resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves" by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. Under Canadian rules, estimated "inferred mineral resources" may not form the basis of feasibility or other economic studies. Investors are cautioned not to assume that all or any part of an "inferred mineral resource" exists, is economically or legally mineable, or will ever be upgraded to a higher resource category. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of "reserves" are also not the same as those of the SEC, and reserves reported by the Company in compliance with NI 43-101 may not qualify as "reserves" under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.
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SOURCE Graphite One Inc. | https://www.wafb.com/prnewswire/2022/08/29/graphite-one-advances-its-united-states-graphite-supply-chain-solution-demonstrating-pre-tax-usd19b-npv-8-260-irr-46-year-payback-its-integrated-project/ | 2022-08-29T12:50:39Z | https://www.wafb.com/prnewswire/2022/08/29/graphite-one-advances-its-united-states-graphite-supply-chain-solution-demonstrating-pre-tax-usd19b-npv-8-260-irr-46-year-payback-its-integrated-project/ | false |
ALEXANDRIA, Va. (AP) — Angela Williams’ first year as United Way Worldwide’s president and CEO has been marked with challenges: rising inflation, the war in Ukraine driving increased demand for charitable services, and the need to rebuild public trust in her organization.
As the first Black leader of United Way Worldwide, the former Air Force attorney and former head of Easterseals feels she is ready to lead the organization, once known for its blockbuster workplace giving fundraisers, into its next era.
“Being in situations over my lifetime where I have been the first or only woman or Black person and breaking what I call not just glass ceilings, but concrete ceilings and breaking through” has prepared her to deliver on this promise of more equitable services, Williams said.
She plans to bring this uniquely American institution’s focus back to the communities, listening to individuals to shape solutions to their problems with the help of United Way’s considerable resources. In 2020, the organization gave more than $168 million in grants.
Williams has kept a low public profile in her first year, opting for a listening tour of United Way affiliates around the world and reexamining the organization’s commitments and priorities.
“My vision for United Way Worldwide is to create equitable solutions in communities,” Williams said, adding that people experiencing problems should have a voice in solving them.
United Way’s national 211 call line connecting people to services has seen an increase in requests in the last couple of months, with people needing help accessing food, paying their utility bills or rent, and finding housing, she said.
“I feel this real sense of urgency,” Williams told The Associated Press in an interview. “Whether it’s government, whether it’s the nonprofit sector, whether it’s philanthropy, foundations, individuals — we have to come together because there is so much pressing need.”
Williams took over United Way Worldwide after three former employees accused it of tolerating a culture of sexism and misconduct and retaliating against them for speaking out.
An outside investigation commissioned by the organization found in February 2021 there was no evidence of “actionable harassment, discrimination, or retaliation.” The three women who filed complaints with the Equal Employment Opportunity Commission told The Associated Press at the time that the law firm conducting the investigation had not contacted them. The organization’s CEO Brian Gallagher resigned shortly after.
During the Second World War, local United Ways consolidated their hold over workplace giving, by allowing employees to donate a portion of their paycheck automatically to the organization. The United Way would then regrant the pooled funds to local human service nonprofits like the YMCA or Salvation Army.
The model initially served a number of constituencies. It consolidated charitable requests directed to corporations and created a new group of middle-class donors who felt positively about giving to organizations that supported others in the place they lived.
But starting in the 1970s, several forces challenged workplace giving and United Way’s dominance as a distributor of large amounts of funding. The nature of work began to change, with the decline of large manufacturing employers and a transition to service work. That decline was compounded by growing social movements for civil rights, women’s rights and the protection of the environment, for example, creating new communities that donors identified with and wanted to support.
“From that point on, the United Way has struggled to get as much money and to stay relevant as this kind of centralized, trusted entity between donors and the charitable recipients,” said Emily Barman, a professor of sociology at Loyola University Chicago, who wrote a book about the organization.
To adapt, local United Ways, which pay membership dues to United Way Worldwide but are incorporated as separate nonprofits, sought to reduce their overhead and many chose to fund a smaller number of key partners instead of giving smaller amounts to a larger number of nonprofits.
Laurie Paarlberg, who studies community foundations at the Lilly Family School of Philanthropy at Indiana University, said affiliates also looked to governments and foundations for funding while others tried to establish endowments, solicit larger gifts from long-term donors and create giving circles around identities groups.
“The United Way has now been buffeted by a whole storm of connecting events that have influenced their role in their community, their revenue generation and then ultimately, their perceived legitimacy,” Paarlberg said.
The maelstrom that Williams stepped into also includes a large outlay of cash initiated under her predecessor as part of a partnership with Salesforce to create a software product, Philanthropy Cloud. United Way Worldwide’s tax filings show it paid more than $40 million between 2017 and 2020 to the company and a related contractor.
The software, which United Way Worldwide had the exclusive right to resell, competes with other programs that allow employees to donate from their paycheck to the charity of their choice (not just United Way) and to find volunteer opportunities.
Asked whether she thought the investment was worth the cost, Williams said it was a good start but that technology was a means to an end and not a solution by itself.
“My team and I are in the process of reevaluating a number of investments as part of a larger effort to right the ship and ensure that United Way Worldwide is sustainable and impactful for years to come,” Williams said.
Another change Williams made was recruiting a new leadership team that she called one of the most diverse in the sector and an important element in the organization’s focus on equity. She also convened an advisory council of leaders from local affiliates, meant to give them a direct line to her leadership team.
Despite its recent issues, United Ways retain the trust of many corporations and of local governments, Williams said. When Congress allocated emergency funds for rental assistance to localities during the pandemic, mayors often turned to the local affiliate, Williams said.
“They called the United Way because they knew we had the mechanism for granting funds. They knew we had call centers. We had the ability to screen people, do the intake. We knew how to be a referral service,” she said.
“So as that trusted advisor and partner, that’s a unique role we play,” she said.
___
Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy. | https://www.myarklamiss.com/news/business/ap-business/ap-new-united-way-ceo-wants-local-focus-after-turbulent-years/ | 2022-08-29T12:54:41Z | https://www.myarklamiss.com/news/business/ap-business/ap-new-united-way-ceo-wants-local-focus-after-turbulent-years/ | true |
(WLFI) – This morning some areas have had storms and showers around. These have worked out of the viewing area. Area-wide, morning lows are in the upper 60s and lower 70s with partly cloudy conditions.
The rest of the morning and afternoon should give us some clearing and warming temperatures. We will be warming up into the upper 80s to possibly lower 90s with heat index values in the mid to upper 90s in some locations. Most of the afternoon should remain quiet, albeit hot and humid.
The Timing of this Evening’s Severe Storm Potential
Conditions will be ripe for strong to severe storms later this afternoon and into the evening hours. A line of strong storms may work from north to south across the viewing area later this evening. Timing is still a bit uncertain but the main time frame looks to be from 5 PM to 11 PM this evening.
From 3-6 PM, We’ll be watching storms develop across a cold front to the northwest in Northern Illinois and Northwestern Indiana.
This will progressively grow in intensity as it works southward across our northern portions of the viewing area. The time frame for the Greater Lafayette Area appears to be from 7-9 PM.
Expect widespread storms across the viewing area as it works south/southeastward.
Once the initial line moves through, expect light to moderate rain showers throughout the evening and possibly a few rumbles of thunder. The severe risk will drastically lower once the main line moves through the viewing area.
Storm Prediction Center Outlook
The Storm Prediction Center in Norman, Oklahoma as of 2:00 AM this morning has given way to an Enhanced Risk (level 3) for our northwestern counties and a Slight Risk (level 2) for all of the viewing area. The next update should be around 10:00 AM. For the latest SPC outlook, go to the SPC Website or click, here.
For a detailed description of each level, refer to the image below.
The main threat with these storms appear to be damaging winds on the leading edge. 60-80 mph winds could occur. We cannot rule out large hail as well as an isolated quick spin-up tornado on the leading edge. Stay weather aware this evening!
Our Storm Team 18 Weather App
For tonight, it would be great to have a free radar in your pocket to track these storms. You can download our free Storm Team 18 Weather App on Apple and Android devices.
Alerts like warnings, watches, lightning, and even rain can be sent as notifications on your phone for your specific location. It is a great resource in times of severe weather. Click here if you want to see all of WLFI’s Apps.
Rainfall Amounts up until Tuesday Afternoon
Rainfall could reach up to 1” to 1.5”+ of rain. This will highly be dependent on where the stronger cells end up being on the radar this evening. This could lead to locally quick flash flooding, especially in areas that flood easily after heavy rainfall.
7-Day Outlook
High pressure works in for the remainder of the week. This will help usher in comfortable temperatures and dry air. No major impactful weather events look to occur for the rest of the week. | https://www.wlfi.com/news/august-29-8-00-am-weather-forecast-update-strong-to-severe-storms-possible-tonight/article_58f2a208-278a-11ed-8e81-bbdf7bea22db.html | 2022-08-29T12:55:19Z | https://www.wlfi.com/news/august-29-8-00-am-weather-forecast-update-strong-to-severe-storms-possible-tonight/article_58f2a208-278a-11ed-8e81-bbdf7bea22db.html | false |
Clad in a fringed, royal blue halter suit, bassist Endea Owens and her band The Cookout were all smiles. Although she's no stranger to the Tiny Desk (playing with Jon Batiste in 2020) Owens was giddy with excitement to perform her own music with fellow Juilliard alumni. She spoke about the importance of using her music to speak for the voiceless, and to build and enrich communities. She's not all talk either — during the COVID-19 pandemic, the house bassist for The Late Show with Stephen Colbert has hosted community cookouts, playing music for people in Harlem and handing out hundreds of free meals.
The first tune "Where the Nubians Grow" is a head-bobbing groove dedicated to her hometown of Detroit. With "Feel Good," her fierce intro gives way to a catchy bass line that the band joyfully hopscotches over. Owens then dims the proverbial lights with "Love Cynical" a song that gives ballroom jazz with silky horn lines and a sensuous beat. Before we can get too cozy, the band erupts into "Cycles," a dizzying showcase for horns and drums.
To close her shows, Owens always asks audiences to participate in affirmations allowing a continuation of the positive vibes. After a brief introduction of "Lift Every Voice and Sing" the band plays "For the People (In dedication to Taleshia Chandler)," another uplifting number. This Tiny Desk energized the whole room, each musician a master of their instrument. Owens joked: "We are all Juilliard alumni, so you can hear it in the sound."
SET LIST
MUSICIANS
TINY DESK TEAM
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.wbaa.org/2022-08-29/endea-owens-and-the-cookout-tiny-desk-concert | 2022-08-29T12:58:45Z | https://www.wbaa.org/2022-08-29/endea-owens-and-the-cookout-tiny-desk-concert | false |
Ozzy Osbourne Leaving US Because He’s ‘Fed Up’ With Gun Violence
Ozzy Osbourne has explained his reason for moving back to the U.K. after living in America for more than 25 years.
“Everything’s fucking ridiculous [in the U.S.A.],” Osbourne declared during an interview with The Guardian. “I’m fed up with people getting killed every day. God knows how many people have been shot in school shootings. And there was that mass shooting in Vegas at that concert… It’s fucking crazy.”
“And I don’t want to die in America. I don’t want to be buried in fucking Forest Lawn,” the Black Sabbath frontman continued, alluding to a Los Angeles cemetery where several celebrities have been buried. “I’m English. I want to be back. But saying that, if my wife said we’ve got to go and live in Timbuktu, I’ll go.”
Ozzy’s wife, Sharon, also clarified that the move had nothing to do with the rocker’s declining health. “I knew people would think that. It’s not [related]," she insisted. "It’s just time. America has changed so drastically. It isn’t the United States of America at all. Nothing’s united about it. It’s a very weird place to live right now.”
The Osbourne’s originally announced their intention to move back to the U.K. in March. At that time the couple pointed to Los Angeles’ high tax rate as their reason.
"We are leaving LA. We are a bit sad. But the tax is getting too much,” Ozzy said. “I am sad because I really really like staying and living there."
The family’s mansion, located in LA’s exclusive Hancock Park neighborhood, is currently on the market for an asking price of $18 million.
Meanwhile, Ozzy is prepping for the release of his upcoming album, Patient Number 9, due out Sept. 9. | https://1019therock.com/ozzy-osbourne-leaving-us-because-hes-fed-up-with-gun-violence/ | 2022-08-29T12:59:21Z | https://1019therock.com/ozzy-osbourne-leaving-us-because-hes-fed-up-with-gun-violence/ | true |
BRENTWOOD, Tenn., Aug. 29, 2022 /PRNewswire/ -- Currax Pharmaceuticals LLC ("Currax"), a specialty biopharmaceutical company and manufacturer of the #1 oral weight loss medication brand CONTRAVE® (naltrexone HCl/bupropion HCl), proudly announced the launch of the brand's new campaign, One Size Does Not Fit All™, which aims to demonstrate the unique challenges individuals who are overweight or suffering from obesity face and emphasizes the need for a personalized approach to weight loss to achieve long-term success.
Emotional eating impacts 40 to 50 percent of individuals who are overweight or suffering from obesity. It is defined as eating in response to positive or negative emotions. CONTRAVE is specifically designed to reduce hunger and control cravings, giving the patient control over their eating habits so they can lose weight and keep it off.
"Obesity is the number one preventable cause of death in the U.S. and has accelerated in prevalence as a result of the pandemic," said George Hampton, President and CEO of Currax. "It is important that we recognize that weight loss is much more than eating less and moving more. A weight loss journey is a unique challenge for every individual, and a treatment like CONTRAVE can help to address it."
A study out of the Mayo Clinic by Acosta, et al. and published in Obesity showed that 79 percent of patients lost more than 10 percent of their body weight in one year when following phenotype guided treatment versus 34 percent whose treatment was not phenotype guided. An individualized approach to medication selection can be key to patient success with obesity treatment.
Today, only 2 percent of individuals who are overweight or suffering from obesity are being treated with a prescription medicine. "Support for weight loss is not being discussed enough by patients and providers," said Ed Cinca, SVP Global Marketing and Strategic Alliance Management at Currax. "Addressing unique challenges like emotional eating can help patients get the specific support they need to succeed."
Currax is committed to increasing education around available treatment options, empowering patients to discuss their weight management challenges with their doctors and ensuring widespread access to weight-loss medications. Tackling the issues of convenience and affordability, Currax launched their CurAccess™ Program to all patients, regardless of insurance coverage, which allows patients to get their prescription of CONTRAVE for no more than $99 and free shipping.
CONTRAVE Important Safety Information and Indication
WHAT IS CONTRAVE?
CONTRAVE is a prescription weight-loss medicine that may help some adults with a body mass index (BMI) of 30 kg/m2 or greater (obese), or adults with a BMI of 27 kg/m2 or greater (overweight) with at least one weight-related medical problem such as high blood pressure, high cholesterol, or type 2 diabetes, lose weight and keep the weight off.
CONTRAVE should be used with a reduced-calorie diet and increased physical activity.
It is not known if CONTRAVE changes your risk of heart problems or stroke or of death due to heart problems or stroke.
It is not known if CONTRAVE is safe and effective when taken with other prescription, over-the-counter, or herbal weight-loss products.
CONTRAVE is not approved to treat depression or other mental illnesses, or to help people quit smoking (smoking cessation).
IMPORTANT SAFETY INFORMATION
CONTRAVE can cause serious side effects including:
Suicidal thoughts or actions: One of the ingredients in CONTRAVE is bupropion. Bupropion has caused some people to have suicidal thoughts or actions or unusual changes in behavior, whether or not they are taking medicines used to treat depression. Bupropion may increase the risk of suicidal thoughts or actions in some children, teenagers, and young adults within the first few months of treatment. If you already have depression or other mental illnesses, taking bupropion may cause it to get worse, especially within the first few months of treatment.
While taking CONTRAVE, you or your family members should pay close attention to any changes, especially sudden changes, in mood, behaviors, thoughts, or feelings. This is very important when you start taking CONTRAVE or when your dose changes.
Stop taking CONTRAVE and call a healthcare provider right away if you or your family members notice any of the following symptoms, especially if they are new, worse, or worry you: thoughts about suicide or dying; attempts to commit suicide; depression; anxiety; feeling agitated or restless; panic attacks; irritability; aggression, anger, or violence; acting on dangerous impulses; an extreme increase in activity and talking; other unusual changes in behavior or mood; trouble sleeping.
CONTRAVE is not approved for use in children under the age of 18.
Do not take CONTRAVE if you have uncontrolled high blood pressure; have or have had seizures; use other medicines that contain bupropion such as WELLBUTRIN, WELLBUTRIN SR, WELLBUTRIN XL, APLENZIN and ZYBAN; have or have had an eating disorder called anorexia or bulimia; are dependent on opioid pain medicines or use medicines to help stop taking opioids, or are in opiate withdrawal; drink a lot of alcohol and abruptly stop drinking, or use medicines called sedatives (these make you sleepy), benzodiazepines, or anti‐seizure medicines and stop using them all of a sudden; are taking or have taken medicines called monoamine oxidase inhibitors (MAOIs) in the past 14 days; or are allergic to any of the ingredients in CONTRAVE.
Tell your healthcare provider about all of your medical conditions including if you have: depression or other mental illnesses; attempted suicide; seizures; head injury; tumor or infection of brain or spine; low blood sugar or low sodium; liver or kidney problems; high blood pressure; heart attack, heart problems, or stroke; eating disorder; drinking a lot of alcohol; prescription medicine or street drug abuse; are 65 or older; diabetes; pregnant or planning to become pregnant; or breastfeeding.
Tell your healthcare provider about all the medicines you take, including prescription and over-the-counter medicines, vitamins, and herbal supplements.
CONTRAVE may cause serious side effects, including:
- Seizures. There is a risk of having a seizure when you take CONTRAVE. The risk of seizure is higher in people who take higher doses of CONTRAVE, have certain medical conditions, or take CONTRAVE with certain other medicines. Do not take any other medicines while you are taking CONTRAVE unless your healthcare provider has said it is okay to take them. If you have a seizure while taking CONTRAVE, stop taking CONTRAVE and call your healthcare provider right away.
- Risk of opioid overdose. Do not take large amounts of opioids, including opioid-containing medicines, such as heroin or prescription pain pills, to try to overcome the opioid-blocking effects of naltrexone. This can lead to serious injury, coma, or death.
Get emergency medical help right away if you take opioids and you:
- Sudden opioid withdrawal. People who take CONTRAVE must not use any type of opioid including street drugs, prescription pain medicines, cough, cold, or diarrhea medicines that contain opioids, or opioid dependence treatments, for at least 7 to 10 days before starting CONTRAVE. Using opioids in the 7 to 10 days before you start taking CONTRAVE may cause you to suddenly have symptoms of opioid withdrawal when you take it. Sudden opioid withdrawal can be severe, and you may need to go to the hospital. Tell your healthcare provider you are taking CONTRAVE before a medical procedure or surgery.
- Severe allergic reactions. Stop taking CONTRAVE and call your healthcare provider or go to the nearest hospital emergency room right away if you have any of the following signs and symptoms of an allergic reaction: rash, itching, hives, fever, swollen lymph glands, painful sores in your mouth or around your eyes, swelling of your lips or tongue, chest pain, or trouble breathing.
- Increases in blood pressure or heart rate. Some people may get high blood pressure or have a higher heart rate when taking CONTRAVE. Your healthcare provider should check your blood pressure and heart rate before you start taking, and while you take CONTRAVE.
- Liver damage or hepatitis. Stop taking CONTRAVE and tell your healthcare provider if you have any of the following symptoms of liver problems: stomach area pain lasting more than a few days, dark urine, yellowing of the whites of your eyes, or tiredness. Your healthcare provider may need to stop treating you with CONTRAVE if you get signs or symptoms of a serious liver problem.
- Manic episodes. Bupropion can cause some people who were manic or depressed in the past to become manic or depressed again.
- Visual problems (angle-closure glaucoma). Signs and symptoms may include: eye pain, changes in vision, swelling or redness in or around the eye. Talk with your healthcare provider to find out if you are at risk for angle‐closure glaucoma and to get treatment to prevent it if you are at risk.
- Increased risk of low blood sugar in people with type 2 diabetes mellitus who also take medicines to treat their diabetes (such as insulin or sulfonylureas). You should check your blood sugar before you start taking CONTRAVE and while you take CONTRAVE.
The most common side effects of CONTRAVE include nausea, constipation, headache, vomiting, dizziness, trouble sleeping, dry mouth, and diarrhea. These are not all of the possible side effects of CONTRAVE.
You are encouraged to report negative side effects of prescription drugs to the FDA. Visit www.fda.gov/medwatch or call 1-800-FDA-1088.
Please see Full Prescribing Information, including Medication Guide, for CONTRAVE.
More information is available on www.ContraveHCP.com and www.Contrave.com.
Currax Pharmaceuticals LLC is a specialty pharmaceutical business focused on acquiring and commercializing prescription medicines worldwide. Currax distributes a range of both branded and generic pharmaceutical products, including CONTRAVE® (naltrexone HCl/bupropion HCl), ONZETRA® Xsail® (sumatriptan nasal powder), Silenor® (doxepin), Treximet®, (sumatriptan/naproxen sodium), and the authorized generic of Treximet®. For more information, please visit www.curraxpharma.com.
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SOURCE Currax Pharmaceuticals | https://www.kxii.com/prnewswire/2022/08/29/one-size-does-not-fit-all-currax-pharmaceuticals-launches-new-campaign-address-emotional-eating-challenges-faced-by-individuals-seeking-weight-loss/ | 2022-08-29T12:59:34Z | https://www.kxii.com/prnewswire/2022/08/29/one-size-does-not-fit-all-currax-pharmaceuticals-launches-new-campaign-address-emotional-eating-challenges-faced-by-individuals-seeking-weight-loss/ | false |
DURHAM, N.C. (WTVD) -- Students in Durham Public Schools will have to get used to some changes this school year.
There's a new districtwide bell schedule for the 2022-23 school year.
School leaders say it will enable shorter bus routes and fewer delays.
There are earlier start times as well.
The new schedule will standardize start times for elementary, middle, and high schools, with openings set at 7:45 a.m., 8:30 a.m., and 9:15 a.m., respectively.
Secondary schools (grades 6-12, Durham School of the Arts, and The School for Creative Studies) will be on the same tier as middle schools, with openings set at 8:30 a.m.
Students will also have a new dress code.
The school board approved a more inclusive policy that is more respectful and reflective of students especially those who identify as female and students of color.
Most clothes are allowed under the new policy, if private areas are covered.
The new policy explicitly allows traditionally-black hairstyles.
Hats and hoodies are still not allowed. | https://abc11.com/back-to-school-durham-county-schools-bell-schedule-dress-code/12177607/ | 2022-08-29T13:00:49Z | https://abc11.com/back-to-school-durham-county-schools-bell-schedule-dress-code/12177607/ | false |
LAVAL, QC and CAMBRIDGE, England, Aug. 29, 2022 /PRNewswire/ - Liminal BioSciences Inc. (Nasdaq: LMNL) ("Liminal BioSciences" or the "Company"), a development-stage biopharmaceutical company, announced that Bruce Pritchard, Chief Executive Officer at Liminal BioSciences is scheduled to present a company overview on Wednesday 14th September at 09:30am (ET) during the H.C. Wainwright 24th Annual Global Investment Conference taking place at The Lotte New York Palace on 12-14th September 2022.
The presentation will be available on Liminal BioSciences' website at https://investors.liminalbiosciences.com/Webcasts. An archived replay of the webcast will be available on the Company's website for at least 7 days after the live event concludes.
Liminal BioSciences is a development-stage biopharmaceutical company focused on discovering and developing distinctive novel small molecule therapeutics for inflammatory, fibrotic, and metabolic diseases using our drug discovery platform with a data-driven approach. The Company is currently developing GPR84 antagonists and OXER1 antagonists. In addition to these programs, the Company continues to explore other development opportunities to add to its pipeline.
Liminal BioSciences has active business operations in Canada and the United Kingdom.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words "anticipate," "expect," "suggest," "plan," "believe," "intend," "estimate," "target," "project," "should," "could," "would," "may," "will," "forecast" and other similar expressions are intended to identify forward-looking statements. These statements include those related to Liminal BioSciences' objectives, strategies and businesses that involve risks and uncertainties. Forward–looking information includes statements concerning, among other things: advancement of Liminal Biosciences' product candidates, the outcome of anticipated clinical trials; the analysis of our clinical trial data; the potential development of Liminal Biosciences' R&D programs; the properties of our drug candidates; the timing of initiation or nature of preclinical and clinical trials and potential therapeutic areas. These statements are "forward-looking" because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Among the factors that could cause actual results to differ materially from those described or projected herein include, but are not limited to, risks associated with: the Company's ability to develop, manufacture, and successfully commercialize product candidates, if ever; the impact of the COVID-19 pandemic on the Company's workforce, business operations, clinical development, regulatory activities and financial and other corporate impacts; the availability of funds and resources to pursue R&D projects, clinical development, manufacturing operations or commercialization activities; the successful and timely initiation or completion of preclinical and clinical trials; the ability to take advantage of financing opportunities or business opportunities in the pharmaceutical industry; the ability to resolve the Nasdaq listing deficiency and regain compliance with the Nasdaq Listing Rules; uncertainties associated generally with research and development, clinical trials and related regulatory reviews and approvals; and general changes in economic conditions. You will find a more detailed assessment of these risks, uncertainties and other risks that could cause actual events or results to materially differ from our current expectations in the filings and reports the Company makes with the U.S. Securities and Exchange Commission and Canadian Securities Administrators, including in the Annual Report on Form 20-F for the year ended December 31, 2021, as well as other filings and reports Liminal Biosciences' may make from time to time. Such risks may be amplified by the ongoing COVID-19 pandemic and any related impacts on Liminal BioSciences' business and the global economy. As a result, we cannot guarantee that any given forward-looking statement will materialize. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements and estimates, which speak only as of the date hereof. We assume no obligation to update any forward-looking statement contained in this press release even if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws and regulations.
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SOURCE Liminal BioSciences Inc. | https://www.wistv.com/prnewswire/2022/08/29/liminal-biosciences-present-hc-wainwright-24th-annual-global-investment-conference/ | 2022-08-29T13:00:50Z | https://www.wistv.com/prnewswire/2022/08/29/liminal-biosciences-present-hc-wainwright-24th-annual-global-investment-conference/ | false |
MuleSoft receives the highest possible scores in API User Engagement, Product Vision, and Market Approach criteria
SAN FRANCISCO, Aug. 29, 2022 /PRNewswire/ -- Salesforce, (NYSE: CRM), the global leader in CRM, today announced that Forrester has recognized MuleSoft as a Leader in The Forrester Wave™: API Management Solutions, Q3 2022. The report can be accessed at https://www.mulesoft.com/lp/reports/forrester-wave-apim.
MuleSoft was recognized as a leader in this API Management report. According to the report, MuleSoft "delivers API engagement with a strong developer experience" and "provides highly engaging portals and tools to connect with API consumers."
Businesses see continued growth and efficiency with API management because it offers flexible and scalable digital experiences that empower customers through integration, automation, security and governance. However, the Connectivity Benchmark Report shows that integration challenges continue to slow digital transformation initiatives for 88% of organizations.
"The speed at which companies can accelerate their digital transformation efforts is entirely dependent on their ability to seamlessly integrate and connect their data," said Shaun Clowes, chief product officer, MuleSoft. "We believe that API-led connectivity enables our customers to securely unlock and integrate their data and apps to deliver new levels of speed, productivity and efficiency."
The report, authored by Forrester Senior Analyst David Mooter says, "Good API strategy and design are a key foundation for digital transformation. By opening access to digital business capabilities, APIs drive agility to optimize customer experiences, create dynamic digital ecosystems, achieve operational excellence, and build platform business models."
Access to data and the ability to compose applications is critical to delivering seamless digital experiences and meeting key business priorities such as revenue growth and speed to market. With Universal API Management, MuleSoft is extending our leading API Management platform to support any API and service used in the enterprise. This helps users find, reuse, and manage existing assets, thereby increasing their value. Customers can go faster with a single pane of glass for governance, security and adoption, both with internal and external users.
Additional Information:
- The Forrester Wave™: API Management, Q3 2022 Report is available at https://www.mulesoft.com/lp/reports/forrester-wave-apim.
- Learn more about Universal API Management on Anypoint Platform.
The Forrester Wave™: API Management, Q3 2022, Forrester Research, August 22, 2022
About Salesforce
Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com.
Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE.
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SOURCE MuleSoft | https://www.wistv.com/prnewswire/2022/08/29/mulesoft-named-leader-new-api-management-solutions-report/ | 2022-08-29T13:01:02Z | https://www.wistv.com/prnewswire/2022/08/29/mulesoft-named-leader-new-api-management-solutions-report/ | false |
Commuting from Waiheke Island will be noticeably cheaper from 1 September with the launch of a new AT HOP Monthly Pass.
The AT HOP Monthly Pass will be $58 cheaper than the current Waiheke monthly pass and will give users unlimited travel for a month on the Waiheke to Downtown ferry.
It will also have the added benefit of including all one-zone bus or train trips at either end of your journey, meaning it won’t cost you a cent more to head all the way from Onetangi to Ponsonby, Grey Lynn or Newmarket.
AT Group Manager Metro Services Darek Koper says at $345, the monthly pass represents good value for Waiheke commuters and will help make their journeys easier.
"This monthly pass was a core part of the recent negotiations of the Quality Partnership Agreement (QPA) signed by Auckland Transport and Fullers360 in July, providing more value and benefits to the Waiheke community," Mr Koper says.
"Although we don’t have Government funding to include this monthly pass in our Half Price Fares scheme, the significant AT subsidy and benefits of included bus and train travel will still make this pass a good option for Waiheke commuters."
Visit at.govt.nz/monthlypass to find out more about the AT HOP monthly pass.
New paper ticket for Devonport ferry passengers
From 1 September a new AT HOP paper ticket will be available to purchase for ferry travel to Devonport.
It follows recent ticketing changes as part of the move to integrate Devonport into the Auckland Transport public transport network. A number of Fullers360 tickets are being phased out as part of the integration. Fullers360 single and return and for Devonport will no longer be available for purchase prior to boarding from 1 October 2022.
Any passengers who still have Fullers360 Devonport 10-trip or monthly passes will be able to continue using these until 30 November, although these are no longer available for purchase.
All articles and comments on Voxy.co.nz have been submitted by our community of users. Please notify us if you believe an item on this site breaches our community guidelines.
Voxy: Your Voice | http://www.voxy.co.nz/national/5/406500 | 2022-08-29T13:01:42Z | http://www.voxy.co.nz/national/5/406500 | false |
QINGDAO, China, Aug. 29, 2022 /PRNewswire/ -- According to the latest data released by market research agency Omdia, Hisense TV ranked second in worldwide volume share of shipment in the Q2 of 2022, only nexy to Samsung; Worldwide volume share and worldwide revenue share of Hisense TV ranked first among Chinese brands, and continue to lead.
Regardless, under the downfall of the TV market, Hisense, through its superb technology and high-quality products, has maintained continuous growth in the global TV market. According to Omdia, Hisense TV's volume share of shipment reaches 12.1%, ranked Top 2 worldwide volume share of shipment in Q2 2022, and ranked 1st among Chinese brands in worldwide volume share and worldwide revenue share, consistently emerging as an industry leader in the TV industry.
Hisense Global TV Shipments Expected to Exceed 20 Million Units This Year
Hisense expects its Global TV shipments to exceed 20 million units in 2022, of which shipments to the PRC market will account for 35% and 65% to overseas markets.
Leading products and advanced technologies enhanced the enterprise's technology and product competitiveness within the market. Hisense TV's global success isn't a coincidence, but a reflection of Hisense's technical strength, brand capability, and innovation. As Hisense TVs continue to gain more industry and consumer recognition in the global market, it has accelerated Hisense's globalization process. Under Hisense's initiative, the large-screen and premium TV industry is witnessing tremendous growth on a global scale.
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SOURCE Hisense | https://www.kold.com/prnewswire/2022/08/29/hisense-tvs-volume-share-shipment-ranked-top-2-worldwide-maintaining-growth-3-consecutive-years/ | 2022-08-29T13:01:58Z | https://www.kold.com/prnewswire/2022/08/29/hisense-tvs-volume-share-shipment-ranked-top-2-worldwide-maintaining-growth-3-consecutive-years/ | false |
BOCA RATON, Fla., Aug. 29, 2022 /PRNewswire/ -- TransMedia Group to launch PR campaign for Beatoven.ai's artificial intelligence music generator that will help professional and recreational content creators compose custom, mood-based music that suits every part of a video or podcast royalty-free.
TransMedia Group will compose and distribute Beatoven.ai's messages to both trade and consumer media who will want to share this breakthrough with their respective communities," said TransMedia Group President Adrienne Mazzone.
"Artificial intelligence is now a one-of-its-kind composer from whom artists, digital marketing professionals, influencers and social media mavens will love extracting a quick royalty-free musical accompaniment for their creations," she said.
TransMedia said it's publicity will show how content creators will now be able to compose for their creation's original music in a few simple steps:
"First, they can pick a music genre or style from a vast library, then make it your own as easy-to-follow keystrokes will help them to make custom cuts, change the mood, and after hitting compose, Beatoven.ai's composer delivers multiple options for securing a royalty free track just for them," said Mazzone.
"Our campaign will show how Beathoven.ai, literally gives subscribers creative license to easily find the perfect music online to insert into their content."
TransMedia said it will also introduce Mansoor, the founder of Beatoven.ai, who was born in an illustrious family of sitar players in India credited with designing the modern sitar.
Mansoor is a 7th generation musician and son of world-renowned sitar player Ustad Chhote Rahimat Khan.
During his 17- year career as a recording artist & live performer, Mansoor built his music technology business, Beatoven.ai, with co-founder Siddharth Bhardwaj and has performed worldwide, including at prestigious festivals in India and the US. He also has several releases to his credit on various streaming platforms.
TransMedia Group plans to raise media traction for Beatoven.ai to help Mansoor reach more social media and productions using his royalty free, easy to edit music.
Beatoven.ai's mission is to provide a library of music and creative tool with unique musical content that is user friendly for creators to enhance their videos or moving images and graphics.
TransMedia will pitch Beatoven.ai to media alerting Mansoor will be attending Expos in Los Angeles & San Mateo in September, then afterward in NYC, Atlanta; and November in San Francisco.
Media contact: Adrienne Mazzone 561-908-1683; amazzone@transmediagroup.com.
View original content:
SOURCE TransMedia Group | https://www.wistv.com/prnewswire/2022/08/29/transmedia-group-raise-volume-beatovenai-first-its-kind-royalty-free-music-platform-content-creators/ | 2022-08-29T13:03:05Z | https://www.wistv.com/prnewswire/2022/08/29/transmedia-group-raise-volume-beatovenai-first-its-kind-royalty-free-music-platform-content-creators/ | false |
Just as case studies are the bedrock of management education, simulations are central to the training of doctors, nurses, and other medical staff. The idea is to give staff access to realistic scenarios to hone their skills before being set loose on real-world patients.
One of the more advanced facilities in this domain is the "simulation hospital" operated by Metropolia University of Applied Sciences in Helsinki, Finland. The facility contains a fully equipped, standards-compliant simulation hospital complete with ambulances, delivery rooms, an intensive care unit, and even a reception area, with the aim being to provide medical students with a realistic environment to develop their skills.
"In simulation exercises, all of the students' senses are really used when assessing the treatment situation; sight, hearing, touch, and smell," Minna Elomaa-Krapu, Innovation Director at Metropolia University of Applied Sciences says. "What does the patient look like? Are the limbs cold or hot? Does the breath smell of acetone or alcohol and what does the patient's pulse feels like?"
Mixed reality
The Metropolia facility is very much grounded in the real world, and participants have to be physically on-site to enjoy the benefits. This is not the case with the new facility developed by Cambridge University Hospitals (CUH) in partnership with the Faculty of Education at the university, which aims to utilize "mixed reality" to enhance medical training.
The aim of the project is to provide high-level, consistent, and relevant clinical training to students and practitioners from around the world. The project, which is known as HoloScenarios, offers students life-like holographic scenarios, with the first developed by the team on common respiratory conditions and emergencies.
"Mixed reality is increasingly recognized as a useful method of simulator training,” the Cambridge team explains. “As institutions scale procurement, the demand for platforms that offer utility and ease of mixed reality learning management is rapidly expanding."
Has the time come?
Obviously, the metaverse has been one of the buzzwords of the last twelve months, but such approaches are not a new thing. For instance, in 2017 medical equipment company Stryker worked with Microsoft's HoloLens to develop a VR solution for use in training surgeons and other operating theater staff.
Whereas previous examples of VR/AR in surgery have revolved around the organ itself, the Stryker example focused on the room the operation will be conducted in. Depending on the surgical procedure required, a great deal of work is required to reorganize the room so that it’s suitable for the operation. Different tools, equipment, lighting, and even patient orientation are required.
Traditionally this would be undertaken after a meeting between the heads of each surgical discipline, and the discussions will be done in a very two-dimensional way. Stryker wanted to improve that by allowing staff to see 3D representations of the room and move its features around virtually.
“Using HoloLens and Stryker’s new By Design solution, hospital stakeholders are now able to envision the ideal operating room configuration with the power of holograms and the benefit of mixed reality,” the team explained.
Mixed success
Unfortunately, it's not all that clear that the tool really took off. The Cambridge team has returned with their own solution, which is also based on the HoloLens, in the hope of securing more traction today. The team explains that users are able to see both the other people in the same room as them while also being able to engage with medically accurate and multi-layered holographic patients.
They believe this provides a unique environment for both learning and practicing vital procedures and real-time decision-making. The setting also allows for instructors to both provide feedback to learners as well as change the responses of the patient, introduce various complications, and also record the observations of the learners. The virtual nature of this process means they can also do this from anywhere in the world via the web.
Each session is also recorded so that learners can watch and contribute to the patient scenarios, with access available via apps on both iOS and Android. The team believes that this ensures that realistic and safe immersive learning environments are now available wherever people happen to be in the world.
Supporting learning
“Our research is aimed at uncovering how such simulations can best support learning and accelerate the adoption of effective mixed reality training while informing ongoing development,” they explain.
“We hope that it will help guide institutions in implementing mixed reality into their curricula, in the same way, institutions evaluate conventional resources, such as textbooks, manikins, models or computer software, and, ultimately, improve patient outcomes.”
While the initial deployment includes a holographic asthma patient, there are already patients developed with pulmonary embolism, pneumonia, and anaphylaxis, with modules in development for cardiology and neurology.
Whether conducting simulations in real life or in a virtual environment, there is clearly a need for a more flexible and cost-effective means of providing medical education.
"I think it's more about when and at what stage of teaching different methods are used," Elomaa-Krapu concludes. "I believe that the use of both pedagogical methods at different stages of the studies produces the best results." | https://www.forbes.com/sites/adigaskell/2022/08/29/holographic-patients-to-help-train-the-next-generation-of-medics/ | 2022-08-29T13:04:50Z | https://www.forbes.com/sites/adigaskell/2022/08/29/holographic-patients-to-help-train-the-next-generation-of-medics/ | true |
Continued strong momentum as record top line results are translated into bottom line income
Second Quarter 2022 Highlights:
- Sales up 21% to an all-time quarterly record-high of $1,479 million (+24% in RMB terms; +25% in CER[1] terms), driven by 22% higher prices and 3% volume growth
- Improvement of Opex/Sales ratio of 18.1% vs. 19.7% in Q2 2021
- Adjusted EBITDA up 29% to $240 million (RMB: +32%), representing an improvement of EBITDA margin from 15.2% in Q2 2021 to 16.2% in Q2 2022
- Adjusted net income up 20% to $76 million; Reported net income up 36% to $46 million (RMB: +39%)
First Half 2022 Highlights
- Sales up 24% to an all-time half-year record-high of $2,899 million (+25% in RMB terms; +28% in CER terms), driven by 20% higher prices and 8% volume growth
- Improvement of Opex/Sales ratio of 18.9% vs. 19.9% in H1 2021
- Adjusted EBITDA up 29% to $441 million (RMB: +29%), representing an improvement of EBITDA margin from 14.7% in H1 2021 to 15.2% in H1 2022
- Adjusted net income up 31% to $151 million; Reported net income up 100% to $113 million (RMB: +99%)
BEIJING and TEL AVIV, Israel, Aug. 29, 2022 /PRNewswire/ -- ADAMA Ltd. (the "Company") (SZSE: 000553), today reported its financial results for the second quarter and six-month period ended June 30, 2022.
Ignacio Dominguez, President and CEO of ADAMA, said, "ADAMA delivers another strong record quarter and half year period, with continued top line growth translating into bottom line value. Farmer fundamentals continue to be positive as crop commodity prices remain elevated, despite some easing of prices towards the end of the quarter, currently driving the demand for crop protection products.
"In a world of surmounting challenges, ADAMA is committed to providing farmers with the solutions they need and want for feeding the world, while continuously introducing to the market new products with unique ADAMA added value formulation technologies."
Table 1. Financial Performance Summary
Notes:
"As Reported" denotes the Company's financial statements according to the Accounting Standards for Business Enterprises and the implementation guidance, interpretations and other relevant provisions issued or revised subsequently by the Chinese Ministry of Finance (the "MoF) (collectively referred to as "ASBE"). Note that in the reported financial statements, as a result of recent changes in the ASBE guidelines [IAS 37], certain items as of Q4 2021 (specifically certain transportation costs and certain idleness charges) have been reclassified from Operating Expenses to COGS. Please see the appendix to this release for further information.
Relevant income statement items contained in this release are also presented on an "Adjusted" basis, which exclude items that are of a transitory or non-cash/non-operational nature that do not impact the ongoing performance of the business, and reflect the way the Company's management and the Board of Directors view the performance of the Company internally. The Company believes that excluding the effects of these items from its operating results allows management and investors to effectively compare the true underlying financial performance of its business from period to period and against its global peers. A detailed summary of these adjustments appears in the appendix below.
The number of shares used to calculate both basic and diluted earnings per share in both Q2 and H1 2021 is 2,329.8 million shares. The number of shares used to calculate both basic and diluted earnings per share in both Q2 and H1 2022 is 2,329.8 million shares.
The general crop protection market environment[2]
Crop prices remain elevated above historic averages despite decreasing somewhat in Q2 2022 after reaching historically high levels in Q1 2022. Prices are, however, expected to remain elevated into H2 2022 and beyond, supported by key fundamentals including very low stocks, unfavorable weather conditions in the Americas and parts of Europe and continued supply and logistics disruptions exacerbated by the conflict in Ukraine.
The high crop prices incentivize another year of increases in global planted areas. As a result, the global demand for crop protection remains strong as farmers strive to maximize yields in this high crop price environment. Farmers continue to face high production costs, mainly from higher fertilizer prices resulting from disruption to supply and tight availability caused by the conflict in Ukraine, yet their farming activities are nevertheless still very profitable in most regions.
Global energy prices remain inflated while the challenging cost environment is expected to extend throughout 2022. Despite this, global energy prices have decreased recently mainly due to concerns regarding recession, but are expected to remain elevated into H2 2022, due to tight supply and concerns regarding supply outages following sanctions on Russian energy exports combined with pockets of increased demand as economies recover from COVID.
Global freight and logistics costs are declining as a result of reduced demand in light of COVID lockdowns in China as well as high inflation rates, but remain high after reaching record highs in February 2022. Prices are expected to remain elevated well into H2 2022, due to high fuel costs, prolonged supply chain disruptions while the availability of shipping resources continues to be limited. Additionally, global freight volumes are expected to increase as the lockdown in Shanghai Port has eased and production has resumed.
Despite some easing in global procurement prices for raw materials, intermediates and active ingredients during the quarter, most products are expected to keep fluctuating at elevated levels in H2 2022. This overall trend is impacted both by the general softening of prices in China and by the increase in prices of such products in other geographies. In China, an increase in production capacity and an ease in logistic disruptions led to softening of prices, while in other geographies cost inflation, energy prices, supply shortages and logistic challenges are driving prices upward and impacting availability. With strong global crop protection demand, transportation disruptions and supply shortages driven by the ongoing conflict in Ukraine, as well as the "Zero COVID" policy in China, prices are expected to remain high.
Portfolio Development Update
During the second quarter of 2022 ADAMA continued to register and launch multiple new products in markets across the globe, adding on to its differentiated product portfolio. Differentiated products include a variety of product characteristics and may include products with (i) unique proprietary formulations, (ii) products with more than one mode of action, (iii) recently off-patented active ingredients (AI's) that have been classified as high commercial potential - "Core Leap" AI's and (iv) biologicals. Among these were:
- Launch of Novali® in Australia, a herbicide for use in grasses on cereals and pulses, containing Pyroxasulfone, a "Core Leap" AI produced in-house by ADAMA.
- Registration of Nimitz® in South Africa, an innovative nematicide for potatoes containing proprietary AI Fluensulfone.
- Registration of Jumbo® in Brazil, a dual mode broad spectrum herbicide for all year-round use in sugarcane.
- Launch in Brazil of Cheval®, a premium dual mode pre-seed and post-emergent herbicide, powered by ADAMA's proprietary T.O.V. Formulation Technology, for use in soybean and other crops.
- Initiation of in-house production of "Core Leap" AI, Indoxacarb, through a new proprietary synthesis process.
- Launch of Suprado™ for the Consumer and Professional sector in the US, an insecticide with a unique mode-of-action for the treatment of Annual Bluegrass weevil on turf powered by ADAMA's proprietary AI Novaluron.
- Registration in France of Goltix® Silver, a dual mode herbicide for sugar beets.
- Registration in Guatemala of Expert Grow®, a triple mode-of-action bio-stimulant for the increase of yield in a variety of F&V (fruit & vegetables) as well as in Soybean, based on a unique fermentation process developed by ADAMA improving the plant's photosynthetic thereby reducing abiotic stress, improving fruit/pod retention and plant growth. This product complements LATAM's sustainable offering of biological products and is expected to be rolled-out to additional key countries in the region in coming years.
Financial Highlights
Revenues in the second quarter grew by 21% (+24% in RMB terms; +25% in CER terms) to $1,479 million, driven by a significant 22% increase in prices, a trend which started in the third quarter of 2021. The markedly higher prices were complemented by continued volume growth (+3%), including the contribution of a newly acquired company, achieved despite supply challenges in the market, and the adverse impact of exchange rate movements.
The accelerated growth in the quarter brought half-year sales to a record-high of $2,899 million, an increase of 24% (+25% in RMB terms; +28% in CER terms) driven by a 20% increase in prices and an 8% growth in volume.
Table 2. Regional Sales Performance
Europe:
In Europe, the Company presented strong sales, despite the negative impact of exchange rates, loss of sales due to the Ukraine-Russia conflict and some supply challenges. The Company continued to gain market share in the key countries France and Italy, presenting strong sales across most countries in the region and particularly in France, Germany, Hungary as well as in Scandinavian, BENELUX, Baltic and Balkan countries, while negative seasonal conditions impacted the sales in Spain and Italy.
Notably, the Company benefited from the sale of Folpet in Germany, which was granted an emergency registration[3] in Barley for 2022.
North America:
In the US Ag market, sales increased as the Company focused on the quality of business and despite drought conditions across western Texas and California that impacted demand.
Very strong growth in sales and gain of market share in Canada due to seizing market opportunity to supply increased demand for cereal herbicides in light of general market supply shortages. ADAMA initiated in-house production of cereal herbicide MCPA to meet this demand.
The Consumer & Professional business presented very strong sales achieved through capturing market opportunities and driven by steady demand mainly attributed to the commercial business (hotels, restaurants, etc…) coming back to full strength after COVID shutdowns as well as very successful new launch of Suprado, strengthening ADAMA's position as an innovator in the C&P arena. This is despite softening of demand in the consumer market and with homeowners as inflation rises and recreational activities decrease post-COVID.
Latin America:
Significant growth in sales in Brazil as ADAMA continues to reinforce its position in this market while demand remains strong supported by elevated crop commodities prices.
The Company's innovative herbicides Araddo®, Cheval® and Arremate® and fungicides Armero™ and Across® continued to be well received in the market.
Higher sales were also achieved in other LATAM countries, particularly in the key countries Colombia, Argentina and Mexico, despite some supply challenges.
Asia-Pacific: The Company's strong growth in Asia Pacific was led by the exceptionally strong sales of raw material, intermediates and fine chemicals in China, driven both by volumes and prices, in light of the strong global demand for crop protection and achieved despite logistic challenges related to COVID. The sales in China of ADAMA's branded portfolio also grew significantly as the Company gains market share, despite the negative impact of some seasonal conditions and the strong competition in the market.
In the wider APAC region, strong sales were delivered in the Pacific region, which continued to benefit from the favorable La Niña season, that has now potentially ended after an extended two-year season.
India, Middle East & Africa: The growth in sales was mainly led by Turkey and Israel following favorable weather conditions and was negatively impacted by the depreciation of the Turkish Lira and by a decline in sales in India.
Gross Profit reported in the second quarter was up 13% to $386 million (gross margin of 26.1%) compared to $340 million (gross margin of 27.9%) in the same quarter last year and was up 16% to $746 million (gross margin of 25.7%) in the half year period compared to $645 million (gross margin of 27.7%) last year.
Adjustments to reported results: The adjusted gross profit includes all idleness costs and excludes transportation costs to third parties and its marketing subsidiaries (classified under operating expenses).
In the reported results, as of Q4 2021, following recent changes in the guidelines in China, the aforementioned transportations costs and OPEX idleness have been reclassified from operating expenses to costs of goods (not impacting the operating results), while these expenses were not recorded in the cost of goods in the second quarter and first half period in 2021, but rather in the operating expenses.
Additionally, certain extraordinary charges related largely to a temporary disruption of the production of certain products, were adjusted in the second quarter and first half period in 2021. These charges have significantly declined since the first quarter of 2022, as the relocation and upgrade of the manufacturing Jingzhou site in China has been completed and is now at a high level of operation.
Excluding the impact of the abovementioned extraordinary items, adjusted gross profit in the second quarter was up 20% to $437 million (gross margin of 29.6%) compared to $365 million (gross margin of 29.9%) in the same quarter last year and was up 24% to $852 million (gross margin of 29.4%) in the half year period compared to $687 million (gross margin of 29.5%) last year.
In the quarter and half year period, the significantly higher gross profit and improvement in the adjusted gross margin were mainly driven by the markedly higher prices, complemented by continued volume growth, which more than offset higher logistics, procurement and production costs as well as the negative impact of exchange rates.
Operating expenses reported in the second quarter were $243 million (16.4% of sales) and $479 million (16.5% of sales) in the half year period, compared to $250 million (20.5% of sales) and $489 million (21.0% of sales) in the corresponding periods last year, respectively.
Adjustments to reported results: please refer to the explanation regarding adjustments to the gross profit in respect to certain transportation costs and idleness.
Additionally, the Company recorded certain non-operational charges within its reported operating expenses amounting to $22 million in Q2 2022 in comparison to $10 million in Q2 2021 and $28 in H1 2022 in comparison to $26 in H1 2021. These charges include mainly (i) non-cash amortization charges in respect of Transfer assets received from Syngenta related to the 2017 ChemChina-Syngenta acquisition, (ii) charges related to the non-cash amortization of intangible assets created as part of the Purchase Price Allocation (PPA) on acquisitions, with no impact on the ongoing performance of the companies acquired and (iii) incentive plans - share-based compensation. For further details on these non-operational charges, please see the appendix to this release.
Excluding the impact of the abovementioned non-operational charges, adjusted operating expenses in the quarter and half year period were $268 million (18.1% of sales) and $549 million (18.9% of sales), compared to $240 million (19.7% of sales) and $463 million (19.9% of sales) in the corresponding periods last year, respectively.
The higher operating expenses in the quarter and half-year period reflect the strong growth of the business, an increase in expenses attributed to company success-based employee compensation, higher transportation and logistics costs driven by both an increase in freight costs and volumes transported, the inclusion of a recent acquisition and moderated by the positive impact of exchange rates.
In addition, in the first quarter the Company recorded a doubtful debt provision for trade receivables in Ukraine.
Operating income reported in the second quarter was up 58% to $143 million (9.6% of sales) compared to $90 million (7.4% of sales) in the same quarter last year and was up 72% to $267 million (9.2% of sales) in the half year period compared to $156 million (6.7% of sales) last year.
Excluding the impact of the abovementioned non-operational items, adjusted operating income in the second quarter was up 36% to $170 million (11.5% of sales) compared to $125 million (10.3% of sales) in the same quarter last year and was up 36% to $303 million (10.4% of sales) in the half year period compared to $223 million (9.6% of sales) in the same period last year.
EBITDA reported in the second quarter was up 36% to $224 million (15.1% of sales) compared to $164 million (13.5% of sales) in the same quarter last year and was up 42% to $427 million (14.7% of sales) in the half year period compared to $302 million (13.0% of sales) last year.
Excluding the impact of the abovementioned non-operational items, adjusted EBITDA in the second quarter was up 29% to $240 million (16.2% of sales) compared to $186 million (15.2% of sales) in the same quarter last year and was up 29% to $441 million (15.2% of sales) in the half year period compared to $343 million (14.7% of sales) last year.
Financial expenses and investment income were $82 million in the second quarter and $134 million in the half year period, compared to $54 million and $91 million in the corresponding periods last year, respectively. The higher financial expenses were mainly driven by the net effect of the high Israeli CPI on the ILS-denominated, CPI-linked bonds, higher hedging costs on exchange rates and the valuation of put options attributed to minority stakes.
Taxes on income in the second quarter were $12 million and $18 million in the half year period, compared to $7 million and $16 million in the corresponding periods last year, respectively.
Net income attributable to the shareholders of the Company reported in the second quarter was $46 million (3.1% of sales) and $113 million (3.9% of sales) in the half-year period, compared to $34 million (2.8% of sales) and $57 million (2.4% of sales) in the corresponding periods last year, respectively.
Excluding the impact of the abovementioned extraordinary and non-operational charges, adjusted net income in the second quarter was $76 million (5.1% of sales), and $151 million (5.2% of sales) in the half-year period, compared to $63 million (5.2% of sales) and $115 million (5.0% of sales) in the corresponding periods last year, respectively.
Trade working capital as of June 30, 2022, was $2,664 million compared to $2,499 million at the same point last year. The increase in working capital was due to an increase in the value and levels of inventory held by the Company to support expected future sales, in light of anticipated supply shortages, logistic challenges and inventory costs increases. This increase in inventory levels was moderated by higher trade payables. Trade receivables increased only slightly in comparison to the growth in sales reflecting good collections across the board.
The trade capital/last twelve months sales ratio of 49.5% as of June 30, 2022, in comparison to 56.2%, as of June 30, 2021, demonstrates the improved efficiency in the Company's management of its working capital.
Cash Flow: Operating cash flow of $71 million was generated in the quarter and $215 million consumed in the half year period, compared to $361 million and $231 million generated in the corresponding periods last year, respectively. The lower cash flow generated in the quarter was primarily due to an increase in payments for goods procured in previous quarters supporting the increase in inventory levels.
Net cash used in investing activities was $107 million in the quarter and $197 million in the first half period, compared to $184 million and $292 million in the corresponding periods last year, respectively. The cash used in investing activities in the second quarter of 2022 and the half year period is largely related to investments in "Core Leap" manufacturing capabilities in Israel and Brazil as well as investments in intangible assets relating to ADAMA's global registrations. In the corresponding periods in 2021, cash was also used for the completion of the payment related to the acquisition of Huifeng's domestic commercial crop protection business and the acquisition of the Huifeng Dafeng manufacturing site towards the end of the second quarter in 2021, as well as for the relocation and upgrade of the manufacturing Sanonda Jingzhou site, which was completed towards the end of the second quarter of 2021.
Free cash flow of $83 million was consumed in the second quarter and $469 million consumed in the half-year period compared to $132 million generated and $116 million consumed in the corresponding periods last year, respectively, reflecting the aforementioned operating and investing cash flow dynamics.
Table 3. Revenues by operating segment
Sales by segment
Sales by product category
Note: the sales split by product category is provided for convenience purposes only and is not representative of the way the Company is managed or in which it makes its operational decisions.
Further Information
All filings of the Company, together with a presentation of the key financial highlights of the period, can be accessed through the Company website at www.adama.com.
About ADAMA
ADAMA Ltd. is a global leader in crop protection, providing solutions to farmers across the world to combat weeds, insects and disease. ADAMA has one of the widest and most diverse portfolios of active ingredients in the world, state-of-the art R&D, manufacturing and formulation facilities, together with a culture that empowers our people in markets around the world to listen to farmers and ideate from the field. This uniquely positions ADAMA to offer a vast array of distinctive mixtures, formulations and high-quality differentiated products, delivering solutions that meet local farmer and customer needs in over 100 countries globally. For more information, visit us at www.ADAMA.com and follow us on Twitter® at @ADAMAAgri.
Abridged Adjusted Consolidated Financial Statements
The following abridged consolidated financial statements and notes have been prepared as described in Note 1 in this appendix. While prepared based on the principles of Chinese Accounting Standards (ASBE), they do not contain all of the information which either ASBE or IFRS would require for a complete set of financial statements, and should be read in conjunction with the consolidated financial statements of both ADAMA Ltd. and Adama Agricultural Solutions Ltd. as filed with the Shenzhen and Tel Aviv Stock Exchanges, respectively.
Relevant income statement items contained in this release are also presented on an "Adjusted" basis, which exclude items that are of a one-time or non-cash/non-operational nature that do not impact the ongoing performance of the business, and reflect the way the Company's management and the Board of Directors view the performance of the Company internally. The Company believes that excluding the effects of these items from its operating results allows management and investors to effectively compare the true underlying financial performance of its business from period to period and against its global peers.
Notes to Abridged Consolidated Financial Statements
Note 1: Basis of preparation
Basis of presentation and accounting policies: The abridged consolidated financial statements for the quarters ended June 30, 2022 and 2021 incorporate the financial statements of ADAMA Ltd. and of all of its subsidiaries (the "Company"), including Adama Agricultural Solutions Ltd. ("Solutions") and its subsidiaries.
The Company has adopted the Accounting Standards for Business Enterprises (ASBE) issued by the Ministry of Finance (the "MoF") and the implementation guidance, interpretations and other relevant provisions issued or revised subsequently by the MoF (collectively referred to as "ASBE"). Note that in the reported financial statements, as a result of recent changes in the ASBE guidelines (IAS 37), certain items as of Q4 2021 (specifically certain transportation costs and certain idleness charges) have been reclassified from Operating Expenses to COGS. See the notes to the financial statements for more details in this regard.
The abridged consolidated financial statements contained in this release are presented in both Chinese Renminbi (RMB), as the Company's shares are traded on the Shenzhen Stock Exchange, as well as in United States dollars ($) as this is the major currency in which the Company's business is conducted. For the purposes of this release, a customary convenience translation has been used for the translation from RMB to US dollars, with Income Statement and Cash Flow items being translated using the quarterly average exchange rate, and Balance Sheet items being translated using the exchange rate at the end of the period.
The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated.
Note 2: Abridged Financial Statements
For ease of use, the financial statements shown in this release have been abridged as follows:
Abridged Consolidated Income Statement:
- "Gross profit" in this release is revenue less costs of goods sold, taxes and surcharges, inventory impairment and other idleness charges (in addition to those already included in costs of goods sold); part of the idleness charges is removed in the Adjusted financial statements
- "Other operating expenses" includes impairment losses (not including inventory impairment); gain (loss) from disposal of assets and non-operating income and expenses
- "Operating expenses" in this release differ from those in the formally reported financial statements in that in the reported financial statements, as a result of recent changes in the ASBE guidelines (IAS 37), certain items as of Q4 2021 (specifically certain transportation costs and certain idleness charges) have been reclassified from Operating Expenses to COGS.
- "Financial expenses and investment income" includes net financing expenses; gains from changes in fair value; and investment income (including share of income of equity accounted investees)
Abridged Consolidated Balance Sheet:
- "Other current assets, receivables and prepaid expenses" includes financial assets held for trading; financial assets in respect of derivatives; prepayments; other receivables; and other current assets
- "Fixed assets, net" includes fixed assets and construction in progress
- "Intangible assets, net" includes intangible assets and goodwill
- "Other non-current assets" includes other equity investments; long-term equity investments; long-term receivables; investment property; and other non-current assets
- "Loans and credit from banks and other lenders" includes short-term loans and non-current liabilities due within one year
- "Other current liabilities" includes financial liabilities in respect of derivatives; payables for employee benefits, taxes, interest, dividends and others; advances from customers and other current liabilities
- "Other long-term liabilities" includes long-term payables, provisions, deferred income and other non-current liabilities
Notes:
- Amortization of Legacy PPA of 2011 acquisition of Solutions (non-cash): Under ASBE, since the first combined reporting for Q3 2017, the Company has inherited the historical "legacy" amortization charge that ChemChina previously was incurring in respect of its acquisition of Solutions in 2011. This amortization is done in a linear manner on a quarterly basis, most of which will have been completed by the end of 2020.
- Amortization of Transfer assets received and written-up due to 2017 ChemChina-Syngenta transaction (non-cash): The proceeds from the Divestment of crop protection products in connection with the approval by the EU Commission of the acquisition of Syngenta by ChemChina, net of taxes and transaction expenses, were paid to Syngenta in return for the transfer of a portfolio of products in Europe of similar nature and economic value. Since the products acquired from Syngenta are of the same nature and with the same net economic value as those divested, and since in 2018 the Company adjusted for the one-time gain that it made on the divested products, the additional amortization charge incurred due to the written-up value of the acquired assets is also adjusted to present a consistent view of Divestment and Transfer transactions, which had no net impact on the underlying economic performance of the Company. These additional amortization charges will continue until 2032 but at a reducing rate, yet will still be at a meaningful level until 2028.
- Upgrade & manufacturing facilities relocation-related costs: These charges all relate to the multi-year Upgrade & Relocation program in China. As part of this program, production assets located in the old production sites in Jingzhou and Huai'An were relocated to new sites in 2020, 2021 and in the coming years. Since some of the older production assets may not be able to be relocated, some of these assets which are no longer operational are being written off (or impaired), while for others, their economic life has been shortened and therefore will be depreciated over a shorter period. Since these are older assets that were built many years ago and will be replaced by newer production facilities at the new sites, and since the ongoing operations of the business will not be impacted thereby, the Company adjusts for the impact of all charges related to the China Upgrade & Relocated program, which include mainly: (i) excess procurement costs incurred as the Company continued to fulfill demand for its products, in order to protect its market position, through replacement sourcing at significantly higher costs from third-party suppliers (ii) elevated idleness charges largely related to suspensions at the facilities being relocated These charges have significantly declined since the first quarter of 2022, as the relocation and upgrade of the manufacturing Jingzhou site in China has been completed and is now at a high level of operation.
- Incentive plans: ADAMA granted certain of its employees, a long-term incentive (LTI) in the form of 'phantom' awards linked to the Company's share price. As such, the Company records an expense, or recognizes income, depending on the fluctuation in the Company's share price, regardless of award exercises. To neutralize the impact of such share price movements on the measurement of the Company's performance and expected employee compensation and to reflect the existing phantom awards, in the Company's adjusted financial performance, the LTI is presented on an equity-settled basis in accordance with the value of the existing plan at the grant date. During Q2 2022 the Company recorded expenses due to an increase in the Company's share price.
- Amortization of acquisition-related PPA (non-cash) and other acquisition-related costs: Related mainly to the non-cash amortization of intangible assets created as part of the Purchase Price Allocation (PPA) on acquisitions, with no impact on the ongoing performance of the companies acquired, as well as other M&A-related costs.
- Transportation classification COGS impact – as a result of recent changes in the ASBE guidelines [IAS 37], certain items as of Q4 2021 (specifically certain transportation costs and certain idleness charges) have been reclassified from Operating Expenses to COGS.
- Transportation classification OPEX impact – as a result of recent changes in the ASBE guidelines [IAS 37], certain items as of Q42021 (specifically certain transportation costs and certain idleness charges) have been reclassified from Operating Expenses to COGS.
- Provisions in tax expenses related to prior years' activities: Provisions in respect of tax expenses related to activities of prior years.
[1] CER: Constant Exchange Rates
[2] Sources: Agbio Investor; Rabobank, ACMR monthly June 2022; Morgan Stanley, Freight Transportation, June 2022; JP Morgan Agricultural Markets Weekly, June 2022
[3] Despite not having received yet full label registration in Germany, Folpet was granted "Nationwide emergency registration for FOLPAN® 500 SC against Ramularia collo-cygni in barley" allowing it to be used only for this specification.
[4] For an analysis of the differences between the adjusted income statement items and the income statement items as reported in the financial statements, see below "Analysis of Gaps between Adjusted Income Statement and Income Statement in Financial Statements".
[5] The number of shares used to calculate both basic and diluted earnings per share in Q2 2021 and Q2 2022 is 2,329.8 million shares.
[6] For an analysis of the differences between the adjusted income statement items and the income statement items as reported in the financial statements, see below "Analysis of Gaps between Adjusted Income Statement and Income Statement in Financial Statements".
[7] The number of shares used to calculate both basic and diluted earnings per share in H1 2021 and H1 2022 is 2,329.8 million shares.
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SOURCE ADAMA Ltd. | https://www.cleveland19.com/prnewswire/2022/08/29/adama-reports-second-quarter-first-half-2022-results/ | 2022-08-29T13:05:46Z | https://www.cleveland19.com/prnewswire/2022/08/29/adama-reports-second-quarter-first-half-2022-results/ | false |
The most awaited annual Champion Boat League is back! The three-month-long festivity comprises the best boatmen from several parts of the state and they row away to glory. It is one of the most visually delightful sites to behold. The snake boats, known as chundan vallom, race on the great backwaters of Kerala. It starts on September 4 and will end on November 26.
The festivity is spread across 12 different locations across the state. The venues are as follows: Nehru Trophy Boat Race in Alappuzha on September 4; Karuvatta in Alappuzha on September 17; Pulinkunnu in Alappuzha on September 24; Piravam in Ernakulam on October 1; Marine Drive in Ernakulam on October 8; Kottappuram in Thrissur on October 15; Kainakkari in Alappuzha on October 22; Thazhathangadi in Kottayam on October 29; Pandanadu, Chengannur in Alappuzha on November 5; Kayamkulam in Alappuzha on November 12; Kallada in Kollam on November 19; and Presidents Trophy Boat Race in Kollam on November 26.
The CBL goes beyond mere boat races. It is an age-old tradition and heritage of Kerala and thus, via CBL, an attempt to preserve the culture and boost tourism in the region. Seven centuries ago, the boats were designed by the then ruling king, Devanarayanan. He gave the order to make wooden vessels in the shape of reptiles, and to use them during water battles. These boats are multipurpose too. Ever since, there has been no turning back.
If you are thinking about when the best time to explore Kerala is during this time. Kerala is beaming with its rich history and through such events, one can know really learn a lot about a state. | https://www.outlookindia.com/travel/kerala-s-champion-boat-league-is-back-with-much-grand-and-fervour-news-219660 | 2022-08-29T13:07:22Z | https://www.outlookindia.com/travel/kerala-s-champion-boat-league-is-back-with-much-grand-and-fervour-news-219660 | false |
Swastika Mountain, in Oregon's Umpqua National Forest, is in the process of being renamed after bearing the moniker for over a century. Due to its remote location, the mountain and its name have largely gone unnoticed until now.
Joyce McClain first heard of Swastika Mountain after reading about two hikers who were rescued from the peak in January. The 81-year-old couldn't believe that a mountain could still bear that name in 2022.
So, she decided to do something about it.
"People need to come forward and take action when they see something that isn't right or needs to be changed, because one person can make a difference, and this shows how that is so true," McClain told NPR.
She reached out to the Oregon Historical Society and its Oregon Geographic Names Board, filling out the paperwork to propose a name change. Kerry Tymchuk, executive secretary at the historical society, said McClain is the first person he knows of to submit a request for the mountain.
"It is not a very well-known mountain, and frankly, I didn't know there was one," Tymchuk told NPR. "It's in a national forest, not accessible to many people like Mount Hood or Mount St. Helen. It's not very well-known throughout the state; the vast majority of people likely never even knew it was there."
He said the mountain and a nearby town were named Swastika in the early 1900s — long before the Nazis — after a local ranch that bore the name and used the symbol to brand cattle. According to the U.S. Holocaust Memorial Museum, the symbol signified well-being in multiple ancient societies across the world, until it was co-opted by Adolf Hitler.
Despite its innocent origin story, Tymchuk said that it's important to consider what a geographic feature is called and what that name represents.
"What we name things, our features, reflects history, but also reflects values. And as history changes, so do values," he said. "And certainly, something bearing the name Swastika in 1903 is different than in 2022, when it's been associated with such an evil person and evil ideology."
The historical society and its board are considering renaming it Mount Halo, named after Chief Halito of the Yoncalla Kalapuya tribe. McClain, who had proposed that it be renamed to Umpqua Mountain, withdrew her suggestion, believing Halo to be a better fit for the mountain.
Board members will vote on the name change in a December meeting, after a 60-day comment period and gathering input from tribal authorities in the state. From there, the request will be submitted to the U.S. Board on Geographic Names for final approval.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.kcbx.org/npr-top-news/2022-08-29/long-overlooked-oregons-swastika-mountain-may-have-a-new-name-soon | 2022-08-29T13:08:23Z | https://www.kcbx.org/npr-top-news/2022-08-29/long-overlooked-oregons-swastika-mountain-may-have-a-new-name-soon | false |
VANCOUVER, BC, Aug. 29, 2022 /PRNewswire/ - Pathfinder Ventures Inc. (TSXV: RV) (OTCQB: RVRVF) (the "Company" or "Pathfinder.") is pleased to announce it has filed on SEDAR the consolidated financial statements and management discussion and analysis ("MD&A") for the three and six months ended June 30, 2022.
Pathfinder Ventures Inc. is developing a network of branded, upscale, and family-friendly RV parks and campgrounds under the "Pathfinder Camp Resorts" name. Pathfinder currently has three camp resorts located in B.C. and is focused on growing its network through both acquisitions and development. One resort is currently undergoing an expansion. Pathfinder is also seeking to acquire RV & Self Storage facilities to take advantage of the rapidly growing market of people who want to experience the great outdoors in an RV.
The consolidated financial statements and MD&A can be viewed at www.sedar.com. The financial information provided herein should be read in conjunction with and is qualified by additional information and disclosures contained in the consolidated financial statements, including the notes thereto, and the MD&A.
Ms. Jennifer Lee, CFO of Pathfinder, commented, "In the second quarter of 2022, Pathfinder achieved an 81% increase in revenues despite lower-than-expected April occupancies caused by severe winter conditions. While the Parksville location was not operational until July of last year, the Agassiz location more than tripled the June occupancy from the prior year. Fort Langley also saw a slight growth in occupancy despite being a stable operating asset for many years. Pathfinder Camp Resorts continue to be very busy, and we have been getting inquiries and bookings for the next year already. We are pleased to see a community building in our Pathfinder Camp Resorts."
- Revenues increased to $916,938 from $507,891 in the comparative period;
- EBITDA increased to $54,395, from a loss of $398,367 in the comparative period;
- Net loss from operations decreased to $401,086 from $565,496 driven by increased revenues;
- Financing costs of $6,085 related entirely to the new loan issued for the purchase of property for the Agassiz site expansion (further details in the Business Highlights below);
- Cash and cash equivalents at June 30, 2022, were $1,576,120 compared to $2,092,893 at December 31, 2021. The cash balance was utilized for land acquisition, increased debt servicing requirement and payment of continuing site improvement costs during the period;
- YTD cash provided by operating activities was $231,879, compared to cash used from operating activities of $804,647 in the comparative period, which was a result of an improved non-cash working capital position;
- 15,754 camp resort site nights (as defined below) occupied in Q2 2022, compared to 10,562 camp resort site nights occupied in the comparative period.
On April 7, 2022, the Company completed the purchase of property adjacent to its existing Pathfinder Camp Resorts location in Agassiz B.C. for the cash purchase price of $750,000. Pathfinder plans, subject to land-use and rezoning approvals, to use this 1.892-acre property to expand the Agassiz campground. The purchase was funded by cash on hand and a $600,000 mortgage. The property is currently under a rezoning process with a municipal council decision expected in September 2022.
Revenues for Q2 2022 were $916,938 compared to Q2 2021 revenues of $507,891 This increase over the prior year is attributable to all three sites being fully operational during the period. Only one out of the three site was fully operational in Q2 2021. The YTD revenues were impacted by a severe winter flooding in November 2021, the damage and repair work of which impacted site occupancies from January to April.
Operating expenses for Q2 2022 were $1,251,658, compared to Q2 2021 operating expenses of $1,003,826. This increase over the prior year is attributable to full-period operation with increased staffing and other operating costs. The YTD operating costs were impacted by the continuing site improvement activities. The Company expects the operating costs of existing properties to stabilize in 2023.
Significantly impacting this increase in operating expenses are:
- Depreciation of $193,165, compared to $50,157 during the comparative period due to the capital expenditures incurred in Q3 and Q4 of 2021 and YTD 2022
- Interest expense of $162,769 compared to $92,103 during the comparative period due to the full period servicing of bank loans issued in April and July of 2021 in connection with the property acquisitions, as well as a partial period servicing of a new bank loan raised on April 7, 2022, in connection with the additional land acquisition
- Salaries and benefits of $417,373 from $206,040 in the comparative period due to the full period operation of all three sites and, accordingly, the increased labour requirement
- Share-based compensation of $64,173, compared to $nil during the comparative period, which relates to the Company's issuance of stock options during fiscal 2021
However, the increases in the operating expenses were largely offset by:
- Decreased general and administrative expense to $31,724 from $84,549 due to reduced corporate activities relating to the public listing
- Decreased legal and professional fees to $68,966 from $98,533 in the comparative period due to reduced corporate activities relating to the public listing
- Decreased property costs to $161,885 from $212,155 in the comparative period due to the winding down of site improvement activities
- Decreased management compensation to $nil from $123,291 due to management fee arrangements being changed to employment agreements and thereby being allocated to salaries and benefits in the current period
Net loss from operations for Q2 2022 was $401,086, compared to Q2 2021 of $565,496. This decrease over the comparative period is primarily attributable to the items noted above.
The discussion of consolidated financial results in this press release includes references to "Adjusted EBITDA" (earnings before interest, taxes, depreciation, and amortization), which is a non-IFRS performance measure. The Company presents these measures to provide additional information regarding the Company's financial results and performance. Please refer to the Company's MD&A for the three months ended June 30, 2022 and 2021 for a reconciliation of these measures to reported IFRS results.
About Pathfinder Ventures
Pathfinder Ventures Inc. is developing a network of branded, upscale and family-friendly RV parks and campgrounds under the "Pathfinder Camp Resorts" name. Pathfinder currently has three camp resorts located in B.C. and is focused on growing its network through both acquisitions and development. Pathfinder is also seeking to acquire RV & Self Storage facilities to take advantage of the rapidly growing market of people who want to experience the great outdoors in an RV.
On behalf of the board of directors of the Corporation:
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. 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. Important factors that could cause actual results to differ materially from the Corporation's expectations include risks detailed from time to time in the filings made by the Corporation with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Corporation does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release.
In the case of RV, this news release includes certain "forward-looking statements" which are particular to RV and are not comprised of historical facts. Forward-looking statements include estimates and statements that describe RV's future plans, objectives or goals, including words to the effect that RV or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to RV, RV provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, RV's objectives, goals or future plans, statements, its projected revenues and earnings, and anticipated future growth in new markets. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the ability of the RV to successfully implement its development strategy and whether this will yield the expected benefits; competitive factors in RV's industry sector; the success or failure of product development programs; currently existing applicable laws and regulations or future applicable laws and regulations that may affect RV' s business; decisions of regulatory authorities and the timing thereof; Covid-19 related risks, availability of properties; the economic circumstances surrounding RV's business, including general economic conditions in Canada, the US and worldwide; changes in exchange rates; changes in the equity market; inflation; uncertainties relating to the availability and costs of financing needed in the future; and those other risks disclosed in the filing statement or other disclosure document prepared and supplied on sedar. Although RV believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. RV disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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PARIS (AP) — The woman was crumpled on the floor of a mangled Mercedes, unconscious and struggling to breathe. The French doctor had no idea who she was, and focused on trying to save her.
Twenty-five years later, Frederic Mailliez is still marked by what happened in the Alma Tunnel in Paris on Aug. 31, 1997 — and the realization that he was one of the last people to see Princess Diana alive.
“I realize my name will always be attached to this tragic night,” Mailliez, who was on his way home from a party when he came across the car crash, told The Associated Press. “I feel a little bit responsible for her last moments.”
As Britain and Diana’s admirers worldwide mark a quarter-century since her death, Mailliez recounted the aftermath of the crash.
That night, Mailliez was driving into the tunnel when he spotted a smoking Mercedes nearly split in two.
“I walked toward the wreckage. I opened the door, and I looked inside,” he said.
What he saw: “Four people, two of them were apparently dead, no reaction, no breathing, and the two others, on the right side, were living but in severe condition. The front passenger was screaming, he was breathing. He could wait a few minutes. And the female passenger, the young lady, was on her knees on the floor of the Mercedes, she had her head down. She had difficulty to breathe. She needed quick assistance.”
He ran to his car to call emergency services and grab a respiratory bag.
“She was unconscious,” he said. “Thanks to my respiratory bag (...) she regained a little bit more energy, but she couldn’t say anything.”
The doctor would later find out the news — along with the rest of the world — that the woman he treated was Diana, Britain’s national treasure adored by millions.
“I know it’s surprising, but I didn’t recognize Princess Diana,” he said. “I was in the car on the rear seat giving assistance. I realized she was very beautiful, but my attention was so focused on what I had to do to save her life, I didn’t have time to think, who was this woman.”
“Someone behind me told me the victims spoke English, so I began to speak English, saying I was a doctor and I called the ambulance,” he said. “I tried to comfort her.”
As he worked, he noticed the flash of camera bulbs, of paparazzi gathered to document the scene. A British inquest found Diana’s chauffeur, Henri Paul, was drunk and driving at a high speed to elude pursuing photographers.
Mailliez said he had “no reproach” toward the photographers’ actions after the crash. “They didn’t hamper me having access to the victims. ... I didn’t ask them for help, but they didn’t interfere with my job.”
Firefighters quickly came, and Diana was taken to a Paris hospital, where she died a few hours later. Her companion Dodi Fayed and the driver also died.
“It was a massive shock to learn that she was Princess Diana, and that she died,” Mailliez said. Then self-doubt set in. “Did I do everything I could to save her? Did I do correctly my job?” he asked himself. “I checked with my medical professors and I checked with police investigators,” he said, and they agreed he did all he could.
The anniversary is stirring up those memories again, but they also come back “each time I drive through the Alma Tunnel,” he said.
As Mailliez spoke, standing atop the tunnel, cars rushed in and out past the pillar where she crashed, now bearing a stencil drawing of Diana’s face.
The Flame of Liberty monument nearby has become a memorial site attracting Diana fans of all generations and nationalities. She has become a timeless figure of emancipation and a fashion icon even for those born after her death.
Irinia Ouahvi, a 16-year-old Parisian visiting the flame, said she knows Diana through TikTok videos and through her mother.
“Even with her style she was a feminist. She challenged royal etiquette, wearing cyclist shorts and casual pants,” Ouahvi said.
Francine Rose, a Dutch 16-year-old who stopped by Diana’s memorial while on a biking trip in Paris, discovered her story thanks to “The Princess,” a recent film starring Kristen Stewart.
“She is an inspiration because she was evolving in the strict household, the royal family, and just wanted to be free,” Rose said.
___
Nicolas Garriga and Jeffrey Schaeffer contributed to this report.
___
Follow AP's coverage of the 25th anniversary of Princess Diana's death at https://apnews.com/hub/princess-diana | https://www.seattlepi.com/news/article/Diana-s-last-moments-French-medic-recalls-17404237.php | 2022-08-29T13:13:03Z | https://www.seattlepi.com/news/article/Diana-s-last-moments-French-medic-recalls-17404237.php | true |
DUBLIN (AP) — In the postgame analysis, free beer at the Nebraska-Northwestern game in Ireland was the right call.
The freebies flowed for two hours during Northwestern’s 31-28 victory on Saturday, and the catering company for Aviva Stadium hailed its workers for keeping the refreshments coming.
Levy UK + Ireland said Sunday the problem was with its payment provider, and not with the stadium’s internet connection.
“Due to technical issues caused by our payment provider, SumUp, we were unable to process card transactions for two hours at Aviva Stadium,” the company said in a statement.
It said the problem “was solely down to the external network system which the payment provider operates on to process transactions. This was not a technical issue isolated to Aviva Stadium or indeed Ireland.” The stadium went cashless in 2021.
Levy, a sports and hospitality caterer whose other clients include English Premier League soccer clubs, did not give an estimate of lost revenue.
“Our team at Aviva Stadium were extremely quick to ensure that the fan experience was upheld and food and beverage kiosks were kept open serving customers for the entirety of this period,” it said. “We sincerely apologize for any inconvenience this caused customers and would like to thank our employees at Aviva Stadium for the spirit they showed in keeping everything going.”
SumUp posted on its Twitter account minutes before kickoff that it was “experiencing issues with logins, payments, and other services.” Two hours later, it posted that the problem was resolved. It apologized to clients “for any disruption to your day.”
Ronan McGowan got “three or four” plastic cups of Guinness “but it took 40 minutes, I missed the game. It wasn’t good. In fairness, most people didn’t have cash. They did the right thing, under the circumstances.”
McGowan said people were also “ordering a lot of drinks,” which slowed everything.
Nebraska fan Elena Kuiper was already in line when she realized the beer was free. Afterward, she said “news traveled fast.” Her husband, Scott, said a man sitting next to him moved quickly.
“He took off right away and went up there to go get one,” he said Sunday at Dublin Airport.
___
More AP college football: https://apnews.com/hub/college-football and https://twitter.com/AP_Top25.
Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25 | https://pix11.com/sports/ap-sports/ap-free-beer-was-right-call-at-dublin-game-says-catering-firm/ | 2022-08-29T13:15:39Z | https://pix11.com/sports/ap-sports/ap-free-beer-was-right-call-at-dublin-game-says-catering-firm/ | false |
SAN ANTONIO — A man caught walking through the Shops at Rivercenter mall after hours caused enough problems for a security guard, that police were called in for back-up.
Police received an "officer in trouble" call just before 11-30 p.m. Sunday evening.
Officers say the man attacked the guard.
When first responders arrived, they helped the security guard get the man in custody.
The guard was treated for minor head wounds and is expected to be okay.
The suspect faces several charges, including assault on a public officer.
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Over the years, KENS 5 has worked to transform local news. Our cameras have been the lens bringing history into local viewers' homes. We're proud of our legacy as we serve San Antonians today.
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Want to get in touch with someone at KENS 5? You can send a message using our Contacts page or email one of our team members. | https://www.kens5.com/article/news/local/officer-in-trouble-call-comes-from-shops-at-rivercenter-downtown-san-antonio-texas/273-21c9f3c7-2ab1-4624-8146-e1be0f1f5de6 | 2022-08-29T13:18:32Z | https://www.kens5.com/article/news/local/officer-in-trouble-call-comes-from-shops-at-rivercenter-downtown-san-antonio-texas/273-21c9f3c7-2ab1-4624-8146-e1be0f1f5de6 | false |
GENEVA (AP) — Lawyers for Israeli diamond magnate Beny Steinmetz urged a Swiss appeals court on Monday to throw out testimony from a former first lady of Guinea that contributed to his conviction for corruption.
The case involves an alleged plot, dating to the mid-2000s, in which Steinmetz’s BSGR Group squeezed out a rival for mining rights for vast iron ore deposits in Guinea’s southeastern Simandou region. The case has exposed the shady and complex world of deal-making and cutthroat competition in the lucrative mining business.
The prosecutor’s office has argued that from 2005 onward, Steinmetz crafted a pact of corruption with Guinean President Lansana Conte, who ruled the West African country from 1984 until his death in 2008, and with Mamadie Toure, his fourth wife, involving the payment of nearly $10 million.
Appearing before a Geneva appeals court on Monday, Steinmetz’s lawyer, Daniel Kinzer, said the terms and circumstances of a deal between Toure and the FBI in the United States were unclear, and defense lawyers never had a chance to question her — depriving Steinmetz of the chance for a fair trial and the right to cross-examine her, he said.
He said Swiss state prosecutors had “deliberately” excluded defense teams from any pretrial questioning of Toure in the United States, where she lives. She has reached an agreement with U.S. authorities in the case.
Toure did not appear for the original trial in January last year. At its conclusion, Steinmetz was sentenced to five years in prison and ordered to pay a 50-million-Swiss franc ($51.5 million) fine. Two other defendants received lesser penalties.
“It’s easier to falsely accuse a defendant when you don’t have to look at them,” Kinzer said. “The defense team was never able to cross-examine Madame Toure.”
He said a “face-to-face confrontation” was required under both Swiss law and from rulings by the European Court of Human Rights.
Geneva state prosecutor Yves Bertossa countered, however, that such accounts were admissible, but that they had to be used “with a certain prudence.” he said it was an “extraordinary” insinuation that U.S. or Swiss prosecutors might be “in cahoots” with Toure, and said that other material elements to the case — like written contracts, bank statements, and evidence from wiretaps — were sufficient to uphold conviction.
The appeal is expected to run through Sept. 7. A verdict is expected at a later date.
Backers of the Israeli tycoon insist that the lower court didn’t get a full understanding of the facts of the case, and believe that the court wanted to set an example that Switzerland — which has had a reputation over the years for secretive financial dealings — can hold financial kingpins to account when necessary.
After the verdict, Swiss transparency group Public Eye hailed a “landmark ruling” that showed the court could see through a “slick” legal defense.
Steinmetz, 66, has denied the charges and remains free pending the appeal. If the conviction is upheld, his lawyers can appeal to the Swiss federal court. He was in court Monday.
In its court filing, the prosecutor’s office said BSGR won exploration and exploitation licenses in Guinea between 2006 and 2010 in Guinea’s southeastern Simandou region, while its competitor — Anglo-Australian mining group Rio Tinto — was stripped of its mining rights on two sites in the region.
Steinmetz’s defense team says a mountain range in the area holds some of the world’s largest untapped deposits of iron ore, and the standoff has stifled any hopes to reap them — and offer a potential windfall for an impoverished country. They say BSGR was the first company to study the feasibility of mining iron ore in the area. | https://www.fox16.com/news/world-news/ap-international/ap-israeli-tycoon-appeals-corruption-conviction-in-swiss-court/ | 2022-08-29T13:21:31Z | https://www.fox16.com/news/world-news/ap-international/ap-israeli-tycoon-appeals-corruption-conviction-in-swiss-court/ | true |
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